iShares MSCI Belgium ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 25.2x P/Sales
ratio		 3.0x
P/BV
ratio		 1.9x Div.
yield		 2.3%


  • 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) $166
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

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 40
Wgt avg mkt cap (mns) $41,448
Large cap (>$10bn) 62.6%
Mid cap ($2-10bn) 25.8%
Small cap (<$2bn) 8.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANHEUSER-BUSCH INBEV SA/NV 20.1 %
ARGEN-X SE 17.2 %
KBC GROEP NV 7.7 %
AGEAS 4.6 %
UCB SA 4.2 %
AEDIFICA 3.3 %
ACKERMANS & VAN HAAREN 2.8 %
SYENSQO SA/NV 2.6 %
GROUPE BRUXELLES LAMBERT SA 2.5 %
UMICORE 2.3 %
Total 67.4 %

TOP COUNTRY EXPOSURE
BELGIUM 77.2 %
NETHERLANDS 17.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.7% 21.4% 7.2% 6.9% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.57 22%
MSCI EAFE 0.71 50%
MSCI Emg. Mkts. 0.31 24%

Technical Indicators
Recent close $26.96
30d moving avg. $26.69
Annualized volatility 15.5%
Short interest (ETF) 1.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $223

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 219 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™: 3.9%


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
(%)
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.4 50 0 5.6 +1.8
FEUZ First Trust Eurozone AlphaDEX ETF 4.9 80 -30 6.6 +2.8
HEDJ WisdomTree Europe Hedged Equity Fund 4.7 58 -8 6.1 +2.3
TINT ProShares Smart Materials ETF 3.7 58 -8 5.9 +2.1
PIEL Pacer International Export Leaders ETF 3.5 60 -10 4.2 +0.3
FMED Fidelity Disruptive Medicine ETF 3.3 50 0 -1.1 -4.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.2 35 15 5.6 +1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.2 45 5 5.5 +1.7
HEZU iShares Currency Hedged MSCI Eurozone ETF 3.2 53 -3 5.5 +1.7
EZU iShares MSCI Eurozone ETF 3.2 52 -2 5.7 +1.8
IEUS iShares MSCI Europe Small-Cap ETF 3.1 42 8 6.9 +3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.0 80 -30 5.4 +1.6
FDD First Trust Stoxx European Select Dividend Index Fund 3.0 58 -8 9.3 +5.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.0 65 -15 4.2 +0.4
FEZ SPDR EURO STOXX 50 ETF 2.8 29 21 5.8 +1.9
PEX ProShares Global Listed Private Equity ETF 2.7 81 -31 11.4 +7.5
AGNG Global X Aging Population ETF 2.6 50 0 4.2 +0.4
RWX SPDR Dow Jones International Real Estate ETF 2.6 59 -9 7.4 +3.5
FEP First Trust Europe AlphaDEX Fund 2.6 80 -30 6.8 +3.0
DFE WisdomTree Europe SmallCap Dividend Fund 2.6 58 -8 7.6 +3.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.3 70 -20 4.3 +0.4
IFGL iShares International Developed Real Estate ETF 2.3 48 2 7.8 +4.0
WWJD Inspire International ETF 2.2 80 -30 6.2 +2.3
KXI iShares Global Consumer Staples ETF 2.1 41 9 5.4 +1.6
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -7 7.0 +3.1
OAIM OneAscent International Equity ETF 2.0 95 -45 4.4 +0.5
FPXI First Trust International Equity Opportunities ETF 2.0 70 -20 4.3 +0.5
INDS Pacer Industrial Real Estate ETF 2.0 55 -5 6.4 +2.5
BLDG Cambria Global Real Estate ETF 1.9 60 -10 11.2 +7.3
PSP Invesco Global Listed Private Equity ETF 1.9 106 -56 6.9 +3.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.9 22 28 5.5 +1.7
VGK Vanguard FTSE Europe ETF 1.9 6 44 6.6 +2.7
IEUR iShares Core MSCI Europe ETF 1.9 11 39 6.5 +2.6
BBEU JPMorgan BetaBuilders Europe ETF 1.9 9 41 6.3 +2.4
ICPY Tweedy, Browne International Insider Value ETF 1.8 80 -30 20.4 +16.5
SPEU SPDR Portfolio Europe ETF 1.8 7 43 6.5 +2.7
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.2 +2.4
FLEE Franklin FTSE Europe ETF 1.8 9 41 6.4 +2.5
HELX Franklin Genomic Advancements ETF 1.7 50 0 -1.3 -5.1
IEV iShares Europe ETF 1.7 67 -17 6.0 +2.1
EFRA iShares Environmental Infrastructure and Industrials ETF 1.6 47 3 5.2 +1.3
BMED Future Health ETF 1.6 85 -35 1.0 -2.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 40 8.9 +5.1
EFG iShares MSCI EAFE Growth ETF 1.6 36 14 3.9 +0.0
EUFN iShares MSCI Europe Financials ETF 1.6 51 -1 6.5 +2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.6 46 4 5.4 +1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.6 12 38 8.9 +5.1
IDLV Invesco S&P International Developed Low Volatility ETF 1.6 25 25 6.2 +2.4
AIVI WisdomTree International AI Enhanced Value Fund 1.5 58 -8 6.0 +2.2
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 -15 3.4 -0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 -22 2.6 -1.2
SURE AdvisorShares Insiders Advantage ETF 1.5 90 -40 7.7 +3.8
BOAT SonicShares Global Shipping ETF 1.5 69 -19 16.8 +13.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 38 5.3 +1.5
DISV Dimensional International Small Cap Value ETF 1.5 42 8 7.7 +3.9
WTRE WisdomTree New Economy Real Estate Fund 1.4 58 -8 -0.3 -4.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 25 6.3 +2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 1.4 12 38 4.9 +1.0
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.4 60 -10 5.6 +1.8
VGSR Vert Global Sustainable Real Estate ETF 1.4 47 3 7.3 +3.4
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -10 7.6 +3.7
SCHC Schwab International Small-Cap Equity ETF 1.4 11 39 6.6 +2.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 -8 9.2 +5.3
SCZ iShares MSCI EAFE Small-Cap ETF 1.3 40 10 6.1 +2.2
AVDV Avantis International Small Cap Value ETF 1.3 36 14 7.5 +3.7
COPY Tweedy, Browne Insider + Value ETF 1.3 80 -30 14.2 +10.4
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 19 5.4 +1.6
FRGN Horizon International Equity ETF 1.3 75 -25 7.8 +4.0
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 -8 7.3 +3.4
EV Mast Global Battery Recycling & Production ETF 1.2 65 -15 6.4 +2.6
AVDS Avantis International Small Cap Equity ETF 1.2 30 20 5.9 +2.1
DFIS Dimensional International Small Cap ETF 1.2 39 11 6.1 +2.2
DTH WisdomTree International High Dividend Fund 1.2 58 -8 7.1 +3.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.2 20 30 5.6 +1.7
BATT Amplify Lithium & Battery Technology ETF 1.2 59 -9 2.1 -1.8
CGXU Capital Group International Focus Equity ETF 1.2 54 -4 3.8 -0.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 30 5.7 +1.9
TPIF Timothy Plan International ETF 1.2 62 -12 5.6 +1.7
JHMD John Hancock Multifactor Developed International ETF 1.2 39 11 6.1 +2.3
IEFA iShares Core MSCI EAFE ETF 1.1 7 43 6.0 +2.2
IDV iShares International Select Dividend ETF 1.1 51 -1 9.1 +5.2
IXJ iShares Global Healthcare ETF 1.1 42 8 6.1 +2.3
HEFA iShares Currency Hedged MSCI EAFE ETF 1.1 35 15 5.7 +1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -6 9.2 +5.4
EFA iShares MSCI EAFE ETF 1.1 35 15 5.7 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 10 5.7 +1.8
DWM WisdomTree International Equity Fund 1.1 48 2 5.6 +1.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 1 6.0 +2.1
BKIE BNY Mellon International Equity ETF 1.1 4 46 17.8 +13.9
DFIC Dimensional International Core Equity 2 ETF 1.0 23 27 6.2 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 11 6.8 +3.0
DXIV Dimensional International Vector Equity ETF 1.0 34 16 6.4 +2.6
MOTG VanEck Morningstar Global Wide Moat ETF 1.0 52 -2 8.0 +4.2
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 8.8 +5.0
JIRE JPMorgan International Research Enhanced Equity ETF 1.0 24 26 5.7 +1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 14 5.2 +1.4
IVSI Applied Finance IVS International Large ETF 1.0 65 -15 5.8 +2.0
BLES Inspire Global Hope ETF 1.0 61 -11 5.7 +1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 42 6.4 +2.5
STXI Strive International Developed Markets ETF 1.0 29 21 6.4 +2.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 20 6.0 +2.1
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 46 6.0 +2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 1.0 20 30 5.6 +1.8
RCGE RockCreek Global Equality ETF 1.0 95 -45 6.0 +2.1
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 41 6.5 +2.6
IVLU iShares MSCI Intl Value Factor ETF 1.0 30 20 7.8 +3.9
AVRE Avantis Real Estate ETF 0.9 17 33 7.1 +3.3
PBD Invesco Global Clean Energy ETF 0.9 75 -25 0.4 -3.5
CGIE Capital Group International Equity ETF 0.9 54 -4 4.6 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 47 5.8 +1.9
FAN First Trust Global Wind Energy ETF 0.9 60 -10 3.1 -0.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 11 1.2 -2.6
VEA Vanguard FTSE Developed Markets ETF 0.9 3 47 5.9 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 30 5.8 +1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.9 24 26 6.8 +3.0
SCHF Schwab International Equity ETF 0.9 6 44 5.9 +2.0
QINT American Century Quality Diversified International ETF 0.9 39 11 6.6 +2.7
REET iShares Global REIT ETF 0.9 14 36 7.2 +3.4
DFAI Dimensional International Core Equity Market ETF 0.9 18 32 6.0 +2.1
IPKW Invesco International BuyBack Achievers ETF 0.9 55 -5 7.8 +3.9
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 2 5.5 +1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 1 4.7 +0.8
DFGR Dimensional Global Real Estate ETF 0.8 22 28 7.2 +3.4
DIHP Dimensional International High Profitability ETF 0.8 29 21 5.8 +1.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.8 58 -8 3.8 -0.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -30 8.8 +5.0
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 26 5.6 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 25 6.0 +2.2
JIG JPMorgan International Growth ETF 0.8 55 -5 3.7 -0.2
FENI Fidelity Enhanced International ETF 0.8 28 22 5.7 +1.9
AVSD Avantis Responsible International Equity ETF 0.8 23 27 5.9 +2.1
TTAI FCF International Quality ETF 0.8 59 -9 7.1 +3.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.8 14 36 5.3 +1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 3 7.1 +3.3
AVDE Avantis International Equity ETF 0.8 23 27 6.1 +2.3
DFIV Dimensional International Value ETF 0.8 27 23 7.5 +3.6
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 40 5.9 +2.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 3 7.3 +3.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 11 6.6 +2.8
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 20 7.1 +3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 16 5.2 +1.4
CZAR Themes Natural Monopoly ETF 0.7 35 15 5.3 +1.5
DGT State Street SPDR Global Dow ETF 0.7 50 0 5.6 +1.8
JIVE JPMorgan International Value ETF 0.7 55 -5 7.9 +4.0
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 0 6.5 +2.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.7 29 21 6.9 +3.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 11 6.2 +2.3
VXUS Vanguard Total International Stock ETF 0.7 5 45 6.6 +2.7
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 43 6.6 +2.7
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 27 7.2 +3.4
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 20 6.4 +2.6
WDNA WisdomTree BioRevolution Fund 0.7 45 5 -1.8 -5.7
VSGX Vanguard ESG International Stock ETF 0.7 10 40 6.6 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 16 6.3 +2.5
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 25 5.1 +1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 46 6.7 +2.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 20 6.3 +2.5
EFV iShares MSCI EAFE Value ETF 0.6 34 16 7.3 +3.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 5 6.6 +2.7
BYRE Principal Real Estate Active Opportunities ETF 0.6 65 -15 7.3 +3.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 25 7.1 +3.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 20 4.7 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 9 6.0 +2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 8 4.2 +0.4
KNO AXS Knowledge Leaders ETF 0.6 78 -28 4.1 +0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.6 80 -30 6.7 +2.9
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 13 6.9 +3.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 3.8 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 32 6.3 +2.4
AVIV Avantis International Large Cap Value ETF 0.5 25 25 6.7 +2.9
IQSI IQ Candriam International Equity ETF 0.5 15 35 5.6 +1.7
DWX SPDR S&P International Dividend ETF 0.5 45 5 6.7 +2.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 30 5.6 +1.8
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -39 4.4 +0.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 4 5.4 +1.6
INTF iShares International Equity Factor ETF 0.5 15 35 6.4 +2.5
GWX SPDR S&P International Small Cap ETF 0.5 40 10 5.8 +1.9
WSML iShares MSCI World Small-Cap ETF 0.4 15 35 5.4 +1.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -20 2.5 -1.3
DWMF WisdomTree International Multifactor Fund 0.4 38 12 6.9 +3.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.4 58 -8 6.5 +2.7
GEW Cambria Global EW ETF 0.4 29 21 5.4 +1.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.4 58 -8 5.4 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 20 5.1 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 38 4.5 +0.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 8 5.8 +1.9
IXG iShares Global Financials ETF 0.4 42 8 5.8 +2.0
FDEV Fidelity International Multifactor ETF 0.4 18 32 7.0 +3.2
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 7.7 +3.8
IBAT iShares Energy Storage & Materials ETF 0.3 47 3 1.7 -2.2
DEW WisdomTree Global High Dividend Fund 0.3 58 -8 7.0 +3.2
INEQ Columbia International Equity Income ETF 0.3 45 5 7.6 +3.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 41 4.4 +0.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 40 4.9 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 7.5 +3.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 5.6 +1.8
TOK iShares MSCI Kokusai ETF 0.3 26 24 4.3 +0.5
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 5 7.6 +3.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 12 3.9 +0.1
UMMA Wahed Dow Jones Islamic World ETF 0.3 65 -15 3.7 -0.2
URTH iShares MSCI World ETF 0.3 24 26 4.3 +0.5
VT Vanguard Total World Stock ETF 0.3 6 44 5.0 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 41 4.9 +1.0
ACWI iShares MSCI ACWI ETF 0.2 32 18 4.7 +0.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 4.0 +0.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -5 6.1 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 30 4.8 +0.9
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.5 +1.7
MXI iShares Global Materials ETF 0.2 41 9 6.0 +2.1
IGRO iShares International Dividend Growth ETF 0.2 15 35 6.6 +2.8
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 5.5 +1.6
VIDI Vident International Equity Strategy ETF 0.2 61 -11 8.0 +4.1
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 15 4.1 +0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.5 +1.6
LVHI Franklin International Low Volatility High Dividend Index ET 0.2 40 10 7.4 +3.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -33 7.4 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 8.2 +4.3
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -12 3.5 -0.4
XT iShares Exponential Technologies ETF 0.0 46 4 4.0 +0.1

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.64
 
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.