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) $164
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 21.9 %
ARGEN-X SE 15.6 %
UCB SA 8.6 %
KBC GROEP NV 4.8 %
AGEAS 4.5 %
AEDIFICA 3.5 %
GROUPE BRUXELLES LAMBERT SA 2.8 %
ACKERMANS & VAN HAAREN 2.7 %
ELIA SYSTEM OPERATOR SA/NV 2.7 %
SYENSQO SA/NV 2.3 %
Total 69.4 %

TOP COUNTRY EXPOSURE
BELGIUM 79.2 %
NETHERLANDS 15.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.2% 25.8% 7.0% 6.7% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.58 23%
MSCI EAFE 0.71 52%
MSCI Emg. Mkts. 0.32 25%

Technical Indicators
Recent close $26.91
30d moving avg. $26.68
Annualized volatility 15.5%
Short interest (ETF) 1.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.4%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $223

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 222 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 8.3 55 -5 5.6 +1.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.4 50 0 5.5 +1.7
FEUZ First Trust Eurozone AlphaDEX ETF 4.8 80 -30 6.5 +2.6
HEDJ WisdomTree Europe Hedged Equity Fund 4.7 58 -8 5.8 +2.0
PIEL Pacer International Export Leaders ETF 3.6 60 -10 4.0 +0.1
TINT ProShares Smart Materials ETF 3.4 58 -8 5.5 +1.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.3 35 15 5.4 +1.6
FMED Fidelity Disruptive Medicine ETF 3.3 50 0 -1.1 -4.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.2 45 5 5.3 +1.4
EZU iShares MSCI Eurozone ETF 3.2 52 -2 5.4 +1.6
HEZU iShares Currency Hedged MSCI Eurozone ETF 3.2 53 -3 5.2 +1.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.1 65 -15 4.1 +0.2
IEUS iShares MSCI Europe Small-Cap ETF 3.0 42 8 6.6 +2.8
AGNG Global X Aging Population ETF 3.0 50 0 4.2 +0.3
FDD First Trust Stoxx European Select Dividend Index Fund 2.9 58 -8 9.3 +5.4
FEZ SPDR EURO STOXX 50 ETF 2.8 29 21 5.5 +1.6
PEX ProShares Global Listed Private Equity ETF 2.6 81 -31 11.1 +7.3
RWX SPDR Dow Jones International Real Estate ETF 2.6 59 -9 6.9 +3.1
DFE WisdomTree Europe SmallCap Dividend Fund 2.6 58 -8 7.5 +3.6
FEP First Trust Europe AlphaDEX Fund 2.5 80 -30 6.7 +2.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.5 80 -30 5.2 +1.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 -20 4.0 +0.1
FPXI First Trust International Equity Opportunities ETF 2.3 70 -20 3.9 +0.1
IFGL iShares International Developed Real Estate ETF 2.2 48 2 7.2 +3.3
KXI iShares Global Consumer Staples ETF 2.2 41 9 5.3 +1.4
WWJD Inspire International ETF 2.2 80 -30 6.1 +2.3
EFAS Global X MSCI SuperDividend EAFE ETF 2.1 57 -7 6.9 +3.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.1 22 28 5.6 +1.7
OAIM OneAscent International Equity ETF 2.0 95 -45 4.5 +0.6
INDS Pacer Industrial Real Estate ETF 1.9 55 -5 5.8 +2.0
BLDG Cambria Global Real Estate ETF 1.9 60 -10 10.6 +6.8
VGK Vanguard FTSE Europe ETF 1.9 6 44 6.3 +2.5
BBEU JPMorgan BetaBuilders Europe ETF 1.9 9 41 6.0 +2.2
PSP Invesco Global Listed Private Equity ETF 1.9 106 -56 6.3 +2.5
IEUR iShares Core MSCI Europe ETF 1.8 11 39 6.2 +2.3
SPEU SPDR Portfolio Europe ETF 1.8 7 43 6.3 +2.4
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.2 +2.3
FLEE Franklin FTSE Europe ETF 1.8 9 41 6.1 +2.3
ICPY Tweedy, Browne International Insider Value ETF 1.8 80 -30 20.1 +16.3
HELX Franklin Genomic Advancements ETF 1.7 50 0 -1.3 -5.1
IEV iShares Europe ETF 1.7 67 -17 5.7 +1.8
BMED Future Health ETF 1.6 85 -35 1.1 -2.8
EFG iShares MSCI EAFE Growth ETF 1.6 36 14 3.7 -0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 40 8.4 +4.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.6 46 4 5.2 +1.4
IDLV Invesco S&P International Developed Low Volatility ETF 1.6 25 25 6.2 +2.3
EUFN iShares MSCI Europe Financials ETF 1.6 51 -1 6.3 +2.5
AIVI WisdomTree International AI Enhanced Value Fund 1.5 58 -8 5.9 +2.1
DISV Dimensional International Small Cap Value ETF 1.5 42 8 7.9 +4.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 38 5.1 +1.3
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 -15 3.4 -0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.5 12 38 8.4 +4.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 -22 2.5 -1.4
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 6.1 +2.3
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -10 7.5 +3.7
EFRA iShares Environmental Infrastructure and Industrials ETF 1.4 47 3 4.9 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 1.4 12 38 4.8 +0.9
VGSR Vert Global Sustainable Real Estate ETF 1.4 47 3 6.8 +2.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.4 60 -10 5.4 +1.6
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 9.1 +5.3
SCZ iShares MSCI EAFE Small-Cap ETF 1.3 40 10 6.0 +2.2
BOAT SonicShares Global Shipping ETF 1.3 69 -19 20.0 +16.2
SURE AdvisorShares Insiders Advantage ETF 1.3 90 -40 7.3 +3.5
AVDV Avantis International Small Cap Value ETF 1.3 36 14 7.7 +3.9
BATT Amplify Lithium & Battery Technology ETF 1.3 59 -9 2.0 -1.8
FRGN Horizon International Equity ETF 1.3 75 -25 7.7 +3.9
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 19 5.2 +1.4
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 -8 7.3 +3.5
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -30 14.0 +10.1
EV Mast Global Battery Recycling & Production ETF 1.2 65 -15 6.4 +2.6
DFIS Dimensional International Small Cap ETF 1.2 39 11 6.0 +2.2
AVDS Avantis International Small Cap Equity ETF 1.2 30 20 5.9 +2.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 30 5.6 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.2 20 30 5.4 +1.5
DTH WisdomTree International High Dividend Fund 1.2 58 -8 7.0 +3.2
IQRA IQ CBRE Real Assets ETF 1.2 65 -15 5.7 +1.9
CGXU Capital Group International Focus Equity ETF 1.2 54 -4 3.7 -0.1
IXJ iShares Global Healthcare ETF 1.2 42 8 6.2 +2.3
TPIF Timothy Plan International ETF 1.2 62 -12 5.4 +1.6
JHMD John Hancock Multifactor Developed International ETF 1.2 39 11 6.0 +2.2
IEFA iShares Core MSCI EAFE ETF 1.1 7 43 5.9 +2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 1 4.5 +0.6
FFTY Innovator IBD 50 ETF 1.1 80 -30 0.0 -3.8
EFA iShares MSCI EAFE ETF 1.1 35 15 5.5 +1.7
HEFA iShares Currency Hedged MSCI EAFE ETF 1.1 35 15 5.5 +1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 10 5.5 +1.7
MOTG VanEck Morningstar Global Wide Moat ETF 1.1 52 -2 7.5 +3.7
IDV iShares International Select Dividend ETF 1.1 51 -1 9.0 +5.1
DWM WisdomTree International Equity Fund 1.1 48 2 5.4 +1.6
DXIV Dimensional International Vector Equity ETF 1.1 34 16 6.5 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 1 5.9 +2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -6 9.3 +5.5
DFIC Dimensional International Core Equity 2 ETF 1.1 23 27 6.1 +2.3
BKIE BNY Mellon International Equity ETF 1.1 4 46 17.4 +13.6
CIL VictoryShares International Volatility Wtd ETF 1.0 45 5 5.9 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 11 6.8 +3.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 14 5.1 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 1.0 24 26 5.6 +1.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.0 39 11 1.1 -2.8
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 8.8 +4.9
BLES Inspire Global Hope ETF 1.0 61 -11 5.5 +1.7
STXI Strive International Developed Markets ETF 1.0 29 21 6.3 +2.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.0 30 20 5.9 +2.1
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 46 5.8 +2.0
RCGE RockCreek Global Equality ETF 1.0 95 -45 5.7 +1.8
IVSI Applied Finance IVS International Large ETF 1.0 65 -15 5.7 +1.9
HFXI IQ FTSE International Equity Currency Neutral ETF 1.0 20 30 5.5 +1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 42 6.3 +2.5
IVLU iShares MSCI Intl Value Factor ETF 1.0 30 20 7.8 +3.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.0 58 -8 3.5 -0.4
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 41 6.4 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.0 3 47 5.7 +1.9
AVRE Avantis Real Estate ETF 0.9 17 33 6.6 +2.8
PBD Invesco Global Clean Energy ETF 0.9 75 -25 0.3 -3.5
CGIE Capital Group International Equity ETF 0.9 54 -4 4.4 +0.6
VEA Vanguard FTSE Developed Markets ETF 0.9 3 47 5.8 +1.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 30 5.6 +1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.9 24 26 6.8 +2.9
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 40 5.8 +2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -30 9.2 +5.4
DIHP Dimensional International High Profitability ETF 0.9 29 21 5.6 +1.8
SCHF Schwab International Equity ETF 0.9 6 44 5.8 +1.9
QINT American Century Quality Diversified International ETF 0.9 39 11 6.4 +2.5
FAN First Trust Global Wind Energy ETF 0.9 60 -10 3.0 -0.9
DFAI Dimensional International Core Equity Market ETF 0.9 18 32 5.9 +2.0
IPKW Invesco International BuyBack Achievers ETF 0.9 55 -5 7.7 +3.9
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 2 5.4 +1.6
REET iShares Global REIT ETF 0.8 14 36 6.7 +2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 25 5.9 +2.1
JIG JPMorgan International Growth ETF 0.8 55 -5 3.6 -0.2
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 26 5.5 +1.7
FENI Fidelity Enhanced International ETF 0.8 28 22 5.6 +1.8
AVSD Avantis Responsible International Equity ETF 0.8 23 27 5.7 +1.9
TTAI FCF International Quality ETF 0.8 59 -9 6.9 +3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.8 14 36 5.1 +1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 3 7.0 +3.2
DFIV Dimensional International Value ETF 0.8 27 23 7.5 +3.7
AVDE Avantis International Equity ETF 0.8 23 27 6.0 +2.2
DFGR Dimensional Global Real Estate ETF 0.8 22 28 6.8 +3.0
DGT State Street SPDR Global Dow ETF 0.8 50 0 5.5 +1.7
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
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 16 5.1 +1.2
CZAR Themes Natural Monopoly ETF 0.7 35 15 5.2 +1.4
ERET iShares Environmentally Aware Real Estate ETF 0.7 30 20 6.7 +2.8
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 6.1 +2.3
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 43 6.4 +2.6
VXUS Vanguard Total International Stock ETF 0.7 5 45 6.5 +2.6
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 27 7.1 +3.3
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 0 6.1 +2.3
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 20 6.3 +2.4
WDNA WisdomTree BioRevolution Fund 0.7 45 5 -2.0 -5.8
VSGX Vanguard ESG International Stock ETF 0.7 10 40 6.4 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 16 6.2 +2.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 4 46 6.5 +2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 20 6.3 +2.5
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 25 5.0 +1.2
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 6.9 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 25 7.2 +3.3
EFV iShares MSCI EAFE Value ETF 0.6 34 16 7.2 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 9 5.8 +2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 8 4.0 +0.1
KNO AXS Knowledge Leaders ETF 0.6 78 -28 3.8 +0.0
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 3.7 -0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 32 6.2 +2.3
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 5.4 +1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -30 6.9 +3.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.6 +0.8
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -39 4.2 +0.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -20 2.4 -1.5
GWX SPDR S&P International Small Cap ETF 0.5 40 10 5.9 +2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 4 5.2 +1.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 5.6 +1.8
INTF iShares International Equity Factor ETF 0.4 15 35 6.3 +2.5
DWMF WisdomTree International Multifactor Fund 0.4 38 12 6.7 +2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.4 58 -8 6.2 +2.4
WSML iShares MSCI World Small-Cap ETF 0.4 15 35 5.2 +1.4
GEW Cambria Global EW ETF 0.4 29 21 5.2 +1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 38 4.3 +0.5
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 6.9 +3.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.4 58 -8 5.1 +1.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 8 5.5 +1.7
FDEV Fidelity International Multifactor ETF 0.4 18 32 7.0 +3.2
IXG iShares Global Financials ETF 0.3 42 8 5.7 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 20 5.0 +1.2
DEW WisdomTree Global High Dividend Fund 0.3 58 -8 6.9 +3.1
INEQ Columbia International Equity Income ETF 0.3 45 5 7.5 +3.7
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 7.7 +3.8
UMMA Wahed Dow Jones Islamic World ETF 0.3 65 -15 3.5 -0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 41 4.3 +0.4
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 40 4.8 +1.0
TOK iShares MSCI Kokusai ETF 0.3 26 24 4.2 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 5.5 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 7.5 +3.7
IBAT iShares Energy Storage & Materials ETF 0.3 47 3 1.7 -2.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 5 7.2 +3.3
URTH iShares MSCI World ETF 0.3 24 26 4.2 +0.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 12 3.7 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 4.7 +0.9
VT Vanguard Total World Stock ETF 0.3 6 44 4.9 +1.0
ACWI iShares MSCI ACWI ETF 0.2 32 18 4.5 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 3.9 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 30 4.6 +0.8
IGRO iShares International Dividend Growth ETF 0.2 15 35 6.5 +2.6
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.4 +1.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -5 5.8 +2.0
MXI iShares Global Materials ETF 0.2 41 9 6.0 +2.2
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 15 4.0 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 5.3 +1.5
VIDI Vident International Equity Strategy ETF 0.2 61 -11 8.2 +4.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.4 +1.6
LVHI Franklin International Low Volatility High Dividend Index ET 0.2 40 10 7.3 +3.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -33 7.3 +3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 8.1 +4.2
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -12 3.2 -0.7
XT iShares Exponential Technologies ETF 0.0 46 4 3.9 +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.