iShares MSCI Belgium ETF
ALTAR
Score™		 3.8% 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) $151
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 21.0 %
ARGEN-X SE 15.2 %
UCB SA 9.2 %
KBC GROEP NV 4.5 %
AGEAS 4.0 %
GROUPE BRUXELLES LAMBERT SA 2.9 %
AEDIFICA 2.9 %
ACKERMANS & VAN HAAREN 2.8 %
ELIA SYSTEM OPERATOR SA/NV 2.7 %
UMICORE 2.4 %
Total 67.7 %

TOP COUNTRY EXPOSURE
BELGIUM 78.7 %
NETHERLANDS 15.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.9% 25.4% 6.3% 6.6% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.71 30%
MSCI EAFE 0.81 63%
MSCI Emg. Mkts. 0.49 40%

Technical Indicators
Recent close $26.98
30d moving avg. $26.34
Annualized volatility 15.5%
Short interest (ETF) 1.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 46
Turnover 0.8%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $223

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 220 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™: 3.8%


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 7.6 55 -5 5.7 +1.9
FEUZ First Trust Eurozone AlphaDEX ETF 4.9 80 -30 6.4 +2.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 4.6 50 0 5.7 +1.9
HEDJ WisdomTree Europe Hedged Equity Fund 4.6 58 -8 5.9 +2.1
OAIM OneAscent International Equity ETF 4.6 95 -45 4.6 +0.8
PIEL Pacer International Export Leaders ETF 3.6 60 -10 4.0 +0.2
AGNG Global X Aging Population ETF 3.4 50 0 4.4 +0.6
FMED Fidelity Disruptive Medicine ETF 3.4 50 0 -1.2 -5.0
TINT ProShares Smart Materials ETF 3.3 58 -8 5.5 +1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.3 45 5 5.5 +1.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.2 35 15 5.7 +1.9
EZU iShares MSCI Eurozone ETF 3.1 52 -2 5.5 +1.7
HEZU iShares Currency Hedged MSCI Eurozone ETF 3.1 53 -3 5.4 +1.6
IEUS iShares MSCI Europe Small-Cap ETF 3.0 42 8 6.7 +2.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.0 65 -15 4.1 +0.3
RWX SPDR Dow Jones International Real Estate ETF 2.7 59 -9 7.3 +3.5
INEQ Columbia International Equity Income ETF 2.7 45 5 7.9 +4.1
DFE WisdomTree Europe SmallCap Dividend Fund 2.7 58 -8 7.6 +3.8
FDD First Trust Stoxx European Select Dividend Index Fund 2.7 58 -8 9.7 +5.9
FEZ SPDR EURO STOXX 50 ETF 2.7 29 21 5.7 +1.9
FEP First Trust Europe AlphaDEX Fund 2.6 80 -30 6.8 +3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.5 80 -30 5.5 +1.8
PSP Invesco Global Listed Private Equity ETF 2.5 106 -56 6.8 +3.0
PEX ProShares Global Listed Private Equity ETF 2.5 81 -31 12.1 +8.3
IFGL iShares International Developed Real Estate ETF 2.2 48 2 7.4 +3.6
AAUM Tema Alternative Asset Managers ETF 2.2 99 -49 5.2 +1.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.2 65 -15 7.9 +4.1
KXI iShares Global Consumer Staples ETF 2.1 41 9 5.3 +1.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.1 22 28 5.7 +1.9
WWJD Inspire International ETF 2.0 80 -30 6.3 +2.5
DIM WisdomTree International MidCap Dividend Fund 2.0 58 -8 6.3 +2.5
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -7 7.4 +3.6
JDOC JPMorgan Healthcare Leaders ETF 1.9 65 -15 3.5 -0.3
INDS Pacer Industrial Real Estate ETF 1.9 55 -5 6.0 +2.2
ICPY Tweedy, Browne International Insider Value ETF 1.9 80 -30 21.4 +17.6
VGK Vanguard FTSE Europe ETF 1.9 6 44 6.5 +2.7
SPEU SPDR Portfolio Europe ETF 1.8 7 43 6.5 +2.7
IEUR iShares Core MSCI Europe ETF 1.8 11 39 6.3 +2.5
BBEU JPMorgan BetaBuilders Europe ETF 1.8 9 41 6.2 +2.4
WTRE WisdomTree New Economy Real Estate Fund 1.8 58 -8 -0.3 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.7 10 40 8.6 +4.8
EFRA iShares Environmental Infrastructure and Industrials ETF 1.7 47 3 5.0 +1.2
FLEE Franklin FTSE Europe ETF 1.7 9 41 6.3 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.7 70 -20 3.8 +0.0
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 -8 6.3 +2.5
HELX Franklin Genomic Advancements ETF 1.7 50 0 -1.4 -5.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.6 46 4 5.5 +1.7
IEV iShares Europe ETF 1.6 67 -17 5.8 +2.1
BMED Future Health ETF 1.6 85 -35 1.2 -2.6
EFG iShares MSCI EAFE Growth ETF 1.6 36 14 3.7 -0.1
EUFN iShares MSCI Europe Financials ETF 1.6 51 -1 7.1 +3.3
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 25 6.4 +2.6
FPXI First Trust International Equity Opportunities ETF 1.5 70 -20 3.7 -0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.5 12 38 8.7 +4.9
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 1.4 42 8 8.1 +4.3
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -10 7.7 +3.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 25 6.3 +2.5
SCHC Schwab International Small-Cap Equity ETF 1.4 11 39 6.7 +2.9
VGSR Vert Global Sustainable Real Estate ETF 1.4 47 3 6.9 +3.1
DMXF iShares ESG Advanced MSCI EAFE ETF 1.4 12 38 4.9 +1.1
SURE AdvisorShares Insiders Advantage ETF 1.4 90 -40 7.8 +4.0
BOAT SonicShares Global Shipping ETF 1.4 69 -19 21.4 +17.6
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 -8 7.4 +3.6
BLDG Cambria Global Real Estate ETF 1.3 60 -10 10.9 +7.1
COPY Tweedy, Browne Insider + Value ETF 1.3 80 -30 14.8 +11.0
SCZ iShares MSCI EAFE Small-Cap ETF 1.3 40 10 6.1 +2.3
AVDV Avantis International Small Cap Value ETF 1.3 36 14 7.8 +4.0
DTH WisdomTree International High Dividend Fund 1.3 58 -8 7.4 +3.6
BATT Amplify Lithium & Battery Technology ETF 1.3 59 -9 1.9 -1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 19 5.6 +1.8
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.3 60 -10 5.4 +1.6
DIVI Franklin International Core Dividend Tilt Index ETF 1.3 9 41 6.6 +2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.2 49 1 6.1 +2.3
FRGN Horizon International Equity ETF 1.2 75 -25 7.7 +3.9
IQRA IQ CBRE Real Assets ETF 1.2 65 -15 5.9 +2.1
DFIS Dimensional International Small Cap ETF 1.2 39 11 6.1 +2.4
EV Mast Global Battery Recycling & Production ETF 1.2 65 -15 6.3 +2.5
IXJ iShares Global Healthcare ETF 1.2 42 8 6.3 +2.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.2 20 30 5.7 +1.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.2 39 11 1.0 -2.8
AVDS Avantis International Small Cap Equity ETF 1.2 30 20 6.1 +2.3
DXIV Dimensional International Vector Equity ETF 1.2 34 16 6.6 +2.8
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 30 5.8 +2.0
QINT American Century Quality Diversified International ETF 1.2 39 11 6.6 +2.8
RCGE RockCreek Global Equality ETF 1.1 95 -45 6.1 +2.3
TPIF Timothy Plan International ETF 1.1 62 -12 5.6 +1.9
IEFA iShares Core MSCI EAFE ETF 1.1 7 43 6.0 +2.2
DWM WisdomTree International Equity Fund 1.1 48 2 5.6 +1.8
JHMD John Hancock Multifactor Developed International ETF 1.1 39 11 6.2 +2.4
EFA iShares MSCI EAFE ETF 1.1 35 15 5.7 +1.9
MOTG VanEck Morningstar Global Wide Moat ETF 1.1 52 -2 8.0 +4.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 10 5.7 +1.9
HEFA iShares Currency Hedged MSCI EAFE ETF 1.1 35 15 5.7 +1.9
DFIC Dimensional International Core Equity 2 ETF 1.1 23 27 6.2 +2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.1 36 14 5.3 +1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 1 4.5 +0.7
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 9.0 +5.2
HFXI IQ FTSE International Equity Currency Neutral ETF 1.0 20 30 5.6 +1.8
IDV iShares International Select Dividend ETF 1.0 51 -1 9.1 +5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 11 7.0 +3.2
AVRE Avantis Real Estate ETF 1.0 17 33 6.8 +3.0
CIL VictoryShares International Volatility Wtd ETF 1.0 45 5 5.8 +2.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 20 6.2 +2.4
STXI Strive International Developed Markets ETF 1.0 29 21 6.2 +2.4
CZAR Themes Natural Monopoly ETF 1.0 35 15 5.4 +1.6
JIRE JPMorgan International Research Enhanced Equity ETF 1.0 24 26 5.8 +2.1
BKIE BNY Mellon International Equity ETF 1.0 4 46 6.0 +2.2
BLES Inspire Global Hope ETF 1.0 61 -11 5.7 +1.9
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 46 6.0 +2.2
FAN First Trust Global Wind Energy ETF 1.0 60 -10 2.8 -1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 -6 9.7 +5.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 42 6.3 +2.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 26 6.9 +3.2
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 40 6.1 +2.3
IVSI Applied Finance IVS International Large ETF 0.9 65 -15 6.0 +2.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -22 2.2 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 47 5.8 +2.0
IVLU iShares MSCI Intl Value Factor ETF 0.9 30 20 8.0 +4.2
VEA Vanguard FTSE Developed Markets ETF 0.9 3 47 5.9 +2.1
CGIE Capital Group International Equity ETF 0.9 54 -4 4.6 +0.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 -8 3.4 -0.4
DIHP Dimensional International High Profitability ETF 0.9 29 21 5.8 +2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -30 9.3 +5.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 30 5.9 +2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.9 25 25 6.2 +2.4
SCHF Schwab International Equity ETF 0.9 6 44 5.9 +2.1
REET iShares Global REIT ETF 0.9 14 36 6.9 +3.1
DFAI Dimensional International Core Equity Market ETF 0.9 18 32 6.0 +2.2
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 2 5.6 +1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 3 7.2 +3.4
AVSD Avantis Responsible International Equity ETF 0.8 23 27 6.0 +2.2
TTAI FCF International Quality ETF 0.8 59 -9 6.8 +3.0
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.2 -3.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 11 6.8 +3.0
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 3 7.5 +3.7
DFIV Dimensional International Value ETF 0.8 27 23 7.8 +4.0
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 26 5.7 +1.9
AVDE Avantis International Equity ETF 0.8 23 27 6.3 +2.5
DFGR Dimensional Global Real Estate ETF 0.8 22 28 6.9 +3.1
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 20 6.8 +3.0
DGT State Street SPDR Global Dow ETF 0.7 50 0 5.6 +1.8
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 27 7.3 +3.5
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 0 6.2 +2.5
KNO AXS Knowledge Leaders ETF 0.7 78 -28 4.0 +0.2
IPKW Invesco International BuyBack Achievers ETF 0.7 55 -5 8.2 +4.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.7 29 21 7.0 +3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 11 6.2 +2.4
VXUS Vanguard Total International Stock ETF 0.7 5 45 6.6 +2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 9 6.0 +2.2
BYRE Principal Real Estate Active Opportunities ETF 0.7 65 -15 6.9 +3.1
VSGX Vanguard ESG International Stock ETF 0.7 10 40 6.5 +2.7
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 43 6.5 +2.7
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 20 6.4 +2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 5 6.7 +2.9
AVIV Avantis International Large Cap Value ETF 0.7 25 25 7.0 +3.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 46 6.7 +2.9
JIG JPMorgan International Growth ETF 0.6 55 -5 3.6 -0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 20 6.4 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 16 6.3 +2.5
WDNA WisdomTree BioRevolution Fund 0.6 45 5 -2.2 -6.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 25 7.4 +3.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 3.6 -0.2
EFV iShares MSCI EAFE Value ETF 0.6 34 16 7.6 +3.8
SRET Global X SuperDividend REIT ETF 0.6 59 -9 12.5 +8.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 32 6.3 +2.5
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -39 4.3 +0.5
IQSI IQ Candriam International Equity ETF 0.5 15 35 5.6 +1.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -30 6.6 +2.8
FFTY Innovator IBD 50 ETF 0.5 80 -30 -0.1 -3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 8 4.0 +0.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 13 7.1 +3.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 4 5.1 +1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.5 14 36 5.3 +1.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.7 +0.9
GWX SPDR S&P International Small Cap ETF 0.5 40 10 5.9 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 5.7 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 38 4.4 +0.7
WSML iShares MSCI World Small-Cap ETF 0.4 15 35 5.3 +1.5
INTF iShares International Equity Factor ETF 0.4 15 35 6.5 +2.7
GEW Cambria Global EW ETF 0.4 29 21 5.4 +1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.4 58 -8 6.4 +2.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.4 58 -8 5.3 +1.6
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 7.1 +3.4
FENI Fidelity Enhanced International ETF 0.4 28 22 5.8 +2.0
IXG iShares Global Financials ETF 0.3 42 8 6.2 +2.4
FDEV Fidelity International Multifactor ETF 0.3 18 32 7.3 +3.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 8 5.7 +2.0
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 20 5.2 +1.4
UMMA Wahed Dow Jones Islamic World ETF 0.3 65 -15 3.4 -0.4
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 8.0 +4.2
DEW WisdomTree Global High Dividend Fund 0.3 58 -8 7.2 +3.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 7.8 +4.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 41 4.4 +0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 5.7 +1.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 5 7.2 +3.4
TOK iShares MSCI Kokusai ETF 0.3 26 24 4.3 +0.5
URTH iShares MSCI World ETF 0.3 24 26 4.3 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 40 5.0 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 4.9 +1.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 16 5.1 +1.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 12 3.8 +0.0
VT Vanguard Total World Stock ETF 0.2 6 44 5.0 +1.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 4.0 +0.3
ACWI iShares MSCI ACWI ETF 0.2 32 18 4.6 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 30 4.7 +0.9
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 25 5.3 +1.5
IBAT iShares Energy Storage & Materials ETF 0.2 47 3 1.5 -2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -5 5.8 +2.0
IGRO iShares International Dividend Growth ETF 0.2 15 35 6.7 +2.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.4 +1.6
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.6 +1.8
MXI iShares Global Materials ETF 0.2 41 9 6.0 +2.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -33 7.7 +3.9
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 5.5 +1.7
VIDI Vident International Equity Strategy ETF 0.2 61 -11 8.1 +4.3
LVHI Franklin International Low Volatility High Dividend Index ET 0.2 40 10 7.7 +3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 8.0 +4.2
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -12 3.0 -0.8
XT iShares Exponential Technologies ETF 0.0 46 4 3.8 +0.0

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 3.8 %
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.