iShares MSCI Belgium ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.8x P/Sales
ratio		 1.3x
P/BV
ratio		 1.1x Div.
yield		 3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Belgium Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is to provide investment results that correspond to the performance of publicly traded securities in the Belgium market, as measured by the MSCI Belgium Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $17
Currency USD
Expense ratio 50 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 36
Wgt avg mkt cap (mns) $41,937
Large cap (>$10bn) 61.6%
Mid cap ($2-10bn) 27.0%
Small cap (<$2bn) 8.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANHEUSER-BUSCH INBEV SA/NV 21.8 %
ARGEN-X SE 15.7 %
UCB SA 9.2 %
AGEAS 4.6 %
KBC GROEP NV 4.5 %
GROUPE BRUXELLES LAMBERT SA 3.7 %
SYENSQO SA/NV 3.3 %
S.A. D'IETEREN N.V. 2.9 %
ACKERMANS & VAN HAAREN 2.7 %
WAREHOUSES DE PAUW SCA 2.3 %
Total 70.6 %

TOP COUNTRY EXPOSURE
BELGIUM 75.3 %
NETHERLANDS 15.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 17.2% 2.7% 4.3% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.79 55%
MSCI EAFE 0.97 86%
MSCI Emg. Mkts. 0.79 56%

Technical Indicators
Recent close $18.80
30d moving avg. $20.40
Annualized volatility 18.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.9%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $380

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 215 potential alternatives to the iShares MSCI Belgium ETF ETF based on the alternatives' overlap in portfolio holdings with EWK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWK Expense: 50 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWK
Ticker Fund
Name		 Overlap1
vs EWK
(%)		 Expense
ratio
(bp)		 Savings
vs EWK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWK
(%)
EUDV ProShares MSCI Europe Dividend Growers ETF 7.1 55 -5 5.3 -2.6
FEUZ First Trust Eurozone AlphaDEX ETF 6.8 80 -30 6.7 -1.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.7 58 -8 9.2 +1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 4.1 50 0 5.3 -2.6
FEP First Trust Europe AlphaDEX Fund 4.1 80 -30 7.8 -0.1
FDD First Trust Stoxx European Select Dividend Index Fund 3.9 58 -8 13.6 +5.7
HEDJ WisdomTree Europe Hedged Equity Fund 3.5 58 -8 9.5 +1.6
KNO AXS Knowledge Leaders ETF 3.4 78 -28 4.9 -3.0
FPXI First Trust International Equity Opportunities ETF 3.4 70 -20 4.9 -3.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.3 70 -20 3.5 -4.4
AGNG Global X Aging Population ETF 3.2 50 0 4.2 -3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.2 45 5 6.5 -1.4
EZU iShares MSCI Eurozone ETF 2.9 52 -2 6.6 -1.3
OAIM OneAscent International Equity ETF 2.9 95 -45 5.1 -2.8
FLEU Franklin FTSE Eurozone ETF 2.7 9 41 7.3 -0.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.5 35 15 6.6 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.5 22 28 6.6 -1.3
BLLD JPMorgan Sustainable Infrastructure ETF 2.4 49 1 5.7 -2.2
FMED Fidelity Disruptive Medicine ETF 2.3 50 0 -0.4 -8.2
RWX SPDR Dow Jones International Real Estate ETF 2.3 59 -9 7.4 -0.5
IEUS iShares MSCI Europe Small-Cap ETF 2.3 42 8 6.4 -1.5
INDS Pacer Industrial Real Estate ETF 2.3 55 -5 5.7 -2.2
AIVI WisdomTree International AI Enhanced Value Fund 2.3 58 -8 8.5 +0.6
PSP Invesco Global Listed Private Equity ETF 2.2 106 -56 7.7 -0.2
IDLV Invesco S&P International Developed Low Volatility ETF 2.1 25 25 6.2 -1.7
TTAI FCF International Quality ETF 2.1 59 -9 5.6 -2.3
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -7 10.3 +2.4
IFGL iShares International Developed Real Estate ETF 1.9 48 2 6.9 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.9 80 -30 9.1 +1.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.8 49 1 5.7 -2.2
MOTI VanEck Morningstar International Moat ETF 1.8 58 -8 5.9 -2.0
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 -2 5.6 -2.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.7 10 40 7.7 -0.2
EUFN iShares MSCI Europe Financials ETF 1.6 51 -1 8.1 +0.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.6 80 -30 5.6 -2.3
TINT ProShares Smart Materials ETF 1.6 58 -8 6.4 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 -10 9.0 +1.1
WDIV SPDR S&P Global Dividend ETF 1.6 40 10 9.4 +1.5
IEUR iShares Core MSCI Europe ETF 1.6 11 39 7.1 -0.8
VGK Vanguard FTSE Europe ETF 1.6 11 39 7.1 -0.8
SPEU SPDR Portfolio Europe ETF 1.6 7 43 7.1 -0.8
WWJD Inspire International ETF 1.6 80 -30 7.3 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 1.5 9 41 7.1 -0.8
DIM WisdomTree International MidCap Dividend Fund 1.5 58 -8 7.7 -0.2
FEZ SPDR EURO STOXX 50 ETF 1.5 29 21 6.8 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 21 8.6 +0.7
WDNA WisdomTree BioRevolution Fund 1.5 45 5 -3.8 -11.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.5 46 4 6.5 -1.4
CGIE Capital Group International Equity ETF 1.5 54 -4 4.9 -3.0
IEV iShares Europe ETF 1.4 67 -17 6.6 -1.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 -22 1.0 -6.9
ETEC iShares Breakthrough Environmental Solutions ETF 1.4 47 3 8.0 +0.1
EFG iShares MSCI EAFE Growth ETF 1.4 36 14 4.5 -3.4
FLEE Franklin FTSE Europe ETF 1.4 9 41 7.2 -0.7
DISV Dimensional International Small Cap Value ETF 1.4 42 8 9.1 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 25 7.2 -0.7
KXI iShares Global Consumer Staples ETF 1.4 41 9 5.7 -2.2
DFE WisdomTree Europe SmallCap Dividend Fund 1.3 58 -8 10.7 +2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 38 8.3 +0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -6 13.5 +5.6
TPIF Timothy Plan International ETF 1.3 62 -12 6.8 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 1 7.0 -0.9
UIVM VictoryShares International Value Momentum ETF 1.3 35 15 11.0 +3.1
IDV iShares International Select Dividend ETF 1.3 51 -1 12.2 +4.3
CIL VictoryShares International Volatility Wtd ETF 1.3 45 5 7.0 -0.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.3 51 -1 7.1 -0.8
SCHC Schwab International Small-Cap Equity ETF 1.3 11 39 6.6 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.2 12 38 5.9 -2.0
EV Mast Global Battery Recycling & Production ETF 1.2 65 -15 12.2 +4.3
AVDV Avantis International Small Cap Value ETF 1.2 36 14 8.1 +0.3
DLS WisdomTree International SmallCap Dividend Fund 1.2 58 -8 8.8 +0.9
DTAN Sparkline International Intangible Value ETF 1.2 55 -5 9.2 +1.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.1 30 20 7.3 -0.6
IMTM iShares MSCI Intl Momentum Factor ETF 1.1 30 20 6.3 -1.6
NTZG Nuveen Global Net Zero Transition ETF 1.1 56 -6 4.7 -3.2
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 10 6.6 -1.3
DFIS Dimensional International Small Cap ETF 1.1 39 11 6.9 -1.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.1 20 30 6.9 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 11 7.4 -0.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.1 60 -10 6.4 -1.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 30 6.9 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.0 20 30 6.5 -1.4
JHMD John Hancock Multifactor Developed International ETF 1.0 39 11 7.8 -0.1
RODE Hartford Multifactor Diversified International ETF 1.0 29 21 11.8 +3.9
DMXF iShares ESG Advanced MSCI EAFE ETF 1.0 12 38 5.5 -2.4
IEFA iShares Core MSCI EAFE ETF 1.0 7 43 7.1 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.0 58 -8 6.5 -1.4
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -39 4.9 -3.0
IVLU iShares MSCI Intl Value Factor ETF 1.0 30 20 11.4 +3.6
CGXU Capital Group International Focus Equity ETF 1.0 54 -4 4.9 -3.0
IPKW Invesco International BuyBack Achievers ETF 1.0 55 -5 11.0 +3.1
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 3 5.6 -2.3
CGDG Capital Group Dividend Growers ETF 1.0 47 3 6.6 -1.3
EFA iShares MSCI EAFE ETF 1.0 35 15 6.9 -1.0
AVRE Avantis Real Estate ETF 1.0 17 33 5.9 -2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 14 6.6 -1.3
BKIE BNY Mellon International Equity ETF 0.9 4 46 7.1 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.9 42 8 6.8 -1.1
DFIC Dimensional International Core Equity 2 ETF 0.9 23 27 7.7 -0.2
XT iShares Exponential Technologies ETF 0.9 46 4 4.8 -3.1
STXI Strive International Developed Markets ETF 0.9 29 21 6.9 -1.0
IQIN IQ 500 International ETF 0.9 25 25 9.2 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 11 7.2 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 46 7.1 -0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 3 9.4 +1.5
PBD Invesco Global Clean Energy ETF 0.9 75 -25 -5.3 -13.2
BATT Amplify Lithium & Battery Technology ETF 0.9 59 -9 -0.1 -8.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 -8 6.4 -1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.9 20 30 7.1 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 47 7.2 -0.7
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 3 12.9 +5.0
DTH WisdomTree International High Dividend Fund 0.9 58 -8 10.1 +2.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 11 -1.7 -9.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 30 7.0 -0.9
EQIN Columbia US Equity Income ETF 0.8 35 15 8.3 +0.4
VEA Vanguard FTSE Developed Markets ETF 0.8 5 45 7.3 -0.6
VIDI Vident International Equity Strategy ETF 0.8 61 -11 10.2 +2.3
SCHF Schwab International Equity ETF 0.8 6 44 7.5 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 25 7.2 -0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 43 6.7 -1.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 3 4.9 -3.0
SDIV Global X Superdividend ETF 0.8 58 -8 14.9 +7.0
BLES Inspire Global Hope ETF 0.8 61 -11 6.4 -1.5
IXJ iShares Global Healthcare ETF 0.8 42 8 6.5 -1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.8 31 19 6.7 -1.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 41 8.1 +0.2
REET iShares Global REIT ETF 0.8 14 36 6.2 -1.7
DFAI Dimensional International Core Equity Market ETF 0.7 18 32 7.3 -0.6
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 26 6.5 -1.4
DFIV Dimensional International Value ETF 0.7 27 23 10.0 +2.1
DWM WisdomTree International Equity Fund 0.7 48 2 8.0 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.7 40 10 7.9 +0.0
BLDG Cambria Global Real Estate ETF 0.7 60 -10 14.3 +6.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 5 8.9 +1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 20 8.0 +0.1
IQSI IQ Candriam International Equity ETF 0.7 15 35 6.6 -1.3
DFGR Dimensional Global Real Estate ETF 0.7 22 28 6.2 -1.7
DIHP Dimensional International High Profitability ETF 0.7 29 21 7.6 -0.3
ERET iShares Environmentally Aware Real Estate ETF 0.7 30 20 6.5 -1.4
AVDE Avantis International Equity ETF 0.7 23 27 8.1 +0.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.7 24 26 7.1 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 25 9.9 +2.0
JIG JPMorgan International Growth ETF 0.7 55 -5 4.6 -3.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 3.2 -4.7
AVSD Avantis Responsible International Equity ETF 0.6 23 27 7.1 -0.8
VIGI Vanguard International Dividend Appreciation ETF 0.6 15 35 6.4 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 20 6.9 -1.0
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -12 3.6 -4.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -30 10.8 +2.9
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 0 6.1 -1.8
VXUS Vanguard Total International Stock ETF 0.6 7 43 7.2 -0.7
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 43 7.2 -0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.6 45 5 -0.6 -8.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 16 7.0 -0.9
VSGX Vanguard ESG International Stock ETF 0.6 12 38 6.8 -1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 9 7.4 -0.5
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 25 5.9 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 42 7.3 -0.6
IQDE FlexShares International Quality Dividend Defensive Index ET 0.6 47 3 14.8 +6.9
FPAG FPA Global Equity ETF 0.6 49 1 5.4 -2.5
DGT SPDR Global Dow ETF 0.6 50 0 6.8 -1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 32 7.0 -0.9
EFV iShares MSCI EAFE Value ETF 0.6 34 16 9.4 +1.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.6 65 -15 4.3 -3.6
ROOF IQ CBRE NextGen Real Estate ETF 0.6 60 -10 8.1 +0.2
GWX SPDR S&P International Small Cap ETF 0.5 40 10 6.5 -1.4
INTF iShares International Equity Factor ETF 0.5 15 35 8.2 +0.3
BNE Blue Horizon BNE ETF 0.5 87 -37 4.6 -3.3
AVIV Avantis International Large Cap Value ETF 0.5 25 25 9.0 +1.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -8 4.6 -3.3
FENI Fidelity Enhanced International ETF 0.5 28 22 8.1 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 26 8.7 +0.8
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 27 9.1 +1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 1 5.6 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 11 7.5 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.4 14 36 6.2 -1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 9.9 +2.0
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 2 7.9 +0.0
LIMI Themes Lithium & Battery Metal Miners ETF 0.3 35 15 4.7 -3.2
MXI iShares Global Materials ETF 0.3 41 9 7.0 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 20 5.9 -2.0
GLOF iShares Global Equity Factor ETF 0.3 20 30 7.0 -0.9
IXG iShares Global Financials ETF 0.3 42 8 6.2 -1.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 4 4.9 -3.0
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 5 5.9 -2.0
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 10 10.1 +2.2
IQRA IQ CBRE Real Assets ETF 0.3 65 -15 5.2 -2.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 5.4 -2.5
QINT American Century Quality Diversified International ETF 0.3 39 11 7.7 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 41 5.2 -2.7
WRND IQ Global Equity R&D Leaders ETF 0.3 18 32 7.5 -0.4
VYMI Vanguard International High Dividend Yield ETF 0.2 22 28 9.8 +1.9
TOK iShares MSCI Kokusai ETF 0.2 26 24 5.0 -2.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 5.1 -2.8
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 8.5 +0.6
URTH iShares MSCI World ETF 0.2 24 26 5.2 -2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 30 5.2 -2.7
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 40 5.4 -2.5
VT Vanguard Total World Stock ETF 0.2 7 43 5.5 -2.4
IGRO iShares International Dividend Growth ETF 0.2 15 35 7.5 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 38 4.8 -3.1
ACWI iShares MSCI ACWI ETF 0.2 32 18 5.3 -2.6
RAYD Rayliant Quantitative Developed Market Equity ETF 0.2 80 -30 3.8 -4.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 5 5.7 -2.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -33 10.0 +2.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.6 -2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 13 8.9 +1.0
IBAT iShares Energy Storage & Materials ETF 0.2 47 3 3.1 -4.8
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 6.2 -1.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 30 6.3 -1.6
VWID Virtus WMC International Dividend ETF 0.1 49 1 9.6 +1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 12.8 +5.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 16 5.9 -2.0
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 21 6.5 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 8 8.1 +0.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 Belgium ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.60
 
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.