iShares MSCI Japan Value ETF
ALTAR
Score™
11.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.4x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Japan Value ETF seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities with value characteristics and relatively lower valuations.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 05, 2019
Assets (mns) $7
Currency USD
Expense ratio 15 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 177
Wgt avg mkt cap (mns) $41,248
Large cap (>$10bn) 71.7%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 9.0 %
SOFTBANK GROUP CORP. 4.4 %
TAKEDA PHARMACEUTICAL CO LTD 3.7 %
KDDI CORPORATION 3.3 %
MITSUBISHI UFJ FINANCIAL GRO 3.1 %
HONDA MOTOR CO LTD 2.5 %
NTT DOCOMO, INC. 2.5 %
SUMITOMO MITSUI FINANCIAL GR 2.3 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.9 %
MIZUHO FINANCIAL GROUP INC 1.8 %
Total 34.5 %

TOP COUNTRY EXPOSURE
JAPAN 97.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.0% -10.1% -- -- -8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.70 80%
MSCI EAFE 0.79 92%
MSCI Emg. Mkts. 0.58 76%

Technical Indicators
Recent close $22.70
30d moving avg. $21.25
Annualized volatility 17.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $9,492

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Japan Value ETF ETF based on the alternatives' overlap in portfolio holdings with EWJV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWJV Expense: 15 bp ALTAR Score™: 11.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWJV
Ticker Fund
Name
Overlap1
vs EWJV
(%)
Expense
ratio
(bp)
Savings
vs EWJV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWJV
(%)
EWJ iShares MSCI Japan ETF 50.5 49 -34 7.9 -3.7
QJPN SPDR MSCI Japan StrategicFactors ETF 50.0 14 1 8.5 -3.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 49.6 45 -30 8.0 -3.7
DXJ WisdomTree Japan Hedged Equity Fund 49.6 48 -33 8.9 -2.7
BBJP JPMorgan BetaBuilders Japan ETF 48.8 19 -4 8.2 -3.5
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 46.9 30 -15 8.1 -3.5
FLJP Franklin FTSE Japan ETF 46.5 9 6 8.3 -3.3
FLJH Franklin FTSE Japan Hedged ETF 45.9 9 6 8.3 -3.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 45.9 25 -10 8.1 -3.5
JPXN iShares JPX-Nikkei 400 ETF 44.9 48 -33 7.9 -3.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 44.3 9 6 8.4 -3.3
EWJE iShares MSCI Japan Equal Weighted ETF 38.9 15 0 7.5 -4.1
SCIJ Global X Scientific Beta Japan ETF 38.3 39 -24 7.6 -4.1
JPMV iShares Edge MSCI Min Vol Japan ETF 34.4 30 -15 7.3 -4.4
IVLU iShares Edge MSCI Intl Value Factor ETF 34.3 30 -15 12.0 +0.4
IPAC iShares Core MSCI Pacific ETF 31.4 9 6 8.0 -3.6
FJP First Trust Japan AlphaDEX Fund 27.7 80 -65 10.0 -1.7
VPL Vanguard FTSE Pacific ETF 27.1 8 7 8.4 -3.3
EFV iShares MSCI EAFE Value ETF 26.7 39 -24 10.8 -0.8
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 23.9 83 -68 7.6 -4.1
IQIN IQ 500 International ETF 21.5 25 -10 9.9 -1.8
IDY Pacific Global International Equity Income ETF 20.3 39 -24 9.4 -2.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.1 29 -14 8.5 -3.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.9 35 -20 9.1 -2.5
FNDF Schwab Fundamental International Large Co. Index ETF 18.8 25 -10 9.4 -2.2
DIM WisdomTree International MidCap Dividend Fund 18.2 58 -43 8.2 -3.4
IDLV Invesco S&P International Developed Low Volatility ETF 17.4 25 -10 7.2 -4.4
ISZE iShares Edge MSCI Intl Size Factor ETF 17.0 30 -15 7.5 -4.2
FIVA Fidelity International Value Factor ETF 16.8 39 -24 11.1 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.0 80 -65 6.3 -5.3
ESGN Columbia Sustainable International Equity Income ETF 15.8 45 -30 11.8 +0.2
JHMD John Hancock Multifactor Developed International ETF 15.8 45 -30 8.0 -3.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.3 45 -30 9.6 -2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.2 35 -20 9.1 -2.5
DOO WisdomTree International Dividend ex-Financials Fund 15.2 58 -43 9.3 -2.3
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 14.9 43 -28 9.5 -2.1
ESGD iShares MSCI EAFE ESG Optimized ETF 14.5 20 -5 7.7 -3.9
DOL WisdomTree International LargeCap Dividend Fund 14.3 48 -33 9.1 -2.6
DWM WisdomTree International Equity Fund 14.3 48 -33 8.8 -2.8
FIDI Fidelity International High Dividend ETF 14.2 39 -24 11.8 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 14.2 30 -15 7.2 -4.5
DTH WisdomTree DEFA Equity Income Fund 14.1 58 -43 10.3 -1.4
EFA iShares MSCI EAFE ETF 13.7 32 -17 7.7 -3.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.4 20 -5 7.7 -3.9
HFXI IQ 50 Percent Hedged FTSE International ETF 13.4 20 -5 8.1 -3.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.3 35 -20 7.5 -4.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 13.3 48 -33 0.0 -11.6
PDEV Principal International Multi-Factor Core Index ETF 13.3 25 -10 8.4 -3.2
IQSI IQ Candriam ESG International Equity ETF 13.2 15 0 7.8 -3.8
CARZ First Trust NASDAQ Global Auto Index Fund 12.6 70 -55 16.8 +5.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.4 29 -14 9.2 -2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.4 7 8 8.1 -3.5
JPIN JPMorgan Diversified Return International Equity ETF 12.3 38 -23 8.5 -3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.3 39 -24 7.1 -4.5
NUDM Nuveen ESG International Developed Markets Equity ETF 12.1 40 -25 7.3 -4.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.1 32 -17 6.8 -4.9
ISDX Invesco Strategic Developed ex-US ETF 12.0 23 -8 8.1 -3.5
JPGE JPMorgan Diversified Return Global Equity ETF 12.0 29 -14 7.8 -3.9
SPDW SPDR Portfolio Developed World ex-US ETF 11.8 4 11 7.7 -3.9
IEFA iShares Core MSCI EAFE ETF 11.7 7 8 7.8 -3.8
RBIN Nationwide Risk-Based International Equity ETF 11.7 42 -27 6.8 -4.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.6 14 1 7.4 -4.2
MVIN Natixis Seeyond International Minimum Volatility ETF 11.5 55 -40 6.0 -5.6
RNDM Developed International Equity Select ETF 11.3 65 -50 6.8 -4.8
SCHF Schwab International Equity ETF 11.3 6 9 7.9 -3.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 11.3 20 -5 6.1 -5.5
RXI iShares Global Consumer Discretionary ETF 11.2 46 -31 6.0 -5.7
FDT First Trust Developed Markets ex-US Alphadex Fund 11.1 80 -65 8.3 -3.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 10.8 24 -9 7.7 -3.9
DWMF WisdomTree International Multifactor Fund 10.8 38 -23 7.2 -4.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 10.7 30 -15 5.2 -6.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 10.7 30 -15 7.8 -3.8
INTF iShares Edge MSCI Multifactor Intl ETF 10.5 30 -15 8.8 -2.8
CIL VictoryShares International Volatility Weighted Index ETF 10.5 45 -30 7.2 -4.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.4 45 -30 10.5 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 10.3 5 10 7.8 -3.9
CWI SPDR MSCI ACWI ex-US ETF 10.2 30 -15 8.1 -3.6
TPIF Timothy Plan International ETF 10.2 62 -47 7.5 -4.2
FDEV Fidelity Targeted International Factor ETF 10.2 39 -24 6.9 -4.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 10.2 29 -14 13.0 +1.4
VYMI Vanguard International High Dividend Yield ETF 10.2 32 -17 10.8 -0.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.1 65 -50 9.3 -2.3
VEA Vanguard FTSE Developed Markets ETF 9.9 5 10 8.0 -3.6
EXI iShares Global Industrials ETF 9.8 46 -31 6.6 -5.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 9.7 20 -5 9.9 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.5 25 -10 7.3 -4.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.5 39 -24 9.8 -1.9
IDRV iShares Self-driving EV & Tech ETF 9.3 47 -32 7.3 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 9.2 32 -17 8.0 -3.6
DGT SPDR Global Dow ETF 9.1 50 -35 7.2 -4.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.1 45 -30 7.6 -4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 8.9 83 -68 6.8 -4.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.7 40 -25 7.9 -3.7
VSGX Vanguard ESG International Stock ETF 8.6 17 -2 7.9 -3.7
WLDR Affinity World Leaders Equity ETF 8.5 47 -32 9.7 -2.0
GCOW Pacer Global High Dividend ETF 8.4 60 -45 11.3 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 8.4 8 7 8.3 -3.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.4 47 -32 13.4 +1.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.3 65 -50 12.8 +1.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares MSCI Japan Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 11.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.