iShares MSCI Malaysia ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.2x P/Sales
ratio		 2.2x
P/BV
ratio		 1.6x Div.
yield		 3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Malaysia Index fund seeks investment results that correspond to the price and yield performance of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $262
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 27
Wgt avg mkt cap (mns) $11,723
Large cap (>$10bn) 48.0%
Mid cap ($2-10bn) 52.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 12.7 %
MALAYAN BANKING BHD 12.3 %
CIMB GROUP HOLDINGS BHD 12.3 %
TENAGA NASIONAL BHD 7.2 %
GAMUDA BHD 4.8 %
PRESS METAL ALUMINIUM HOLDINGS BER 4.8 %
IHH HEALTHCARE BHD 3.8 %
PETRONAS GAS BHD 3.1 %
SUNWAY BHD 3.0 %
AMMB HOLDINGS BHD 3.0 %
Total 67.0 %

TOP COUNTRY EXPOSURE
MALAYSIA 100.0 %










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.
5.4% 6.9% 3.7% 2.1% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.46 15%
MSCI EAFE 0.47 21%
MSCI Emg. Mkts. 0.52 29%

Technical Indicators
Recent close $26.23
30d moving avg. $25.80
Annualized volatility 15.3%
Short interest (ETF) 10.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 211
Turnover 2.1%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $44

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 104 potential alternatives to the iShares MSCI Malaysia ETF ETF based on the alternatives' overlap in portfolio holdings with EWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWM Expense: 50 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWM
Ticker Fund
Name		 Overlap1
vs EWM
(%)		 Expense
ratio
(bp)		 Savings
vs EWM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWM
(%)
ASEA Global X FTSE Southeast Asia ETF 15.3 65 -15 6.3 -0.1
EDIV SPDR S&P Emerging Markets Dividend ETF 9.7 49 1 9.3 +2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.4 29 21 8.8 +2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 6.0 48 2 7.0 +0.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.8 60 -10 10.9 +4.5
FRDM Freedom 100 Emerging Markets ETF 4.8 49 1 7.3 +0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.7 40 10 6.6 +0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.1 45 5 10.0 +3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.8 25 25 6.4 -0.1
VIDI Vident International Equity Strategy ETF 3.4 61 -11 10.4 +4.0
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 6 11.1 +4.7
FDEM Fidelity Emerging Markets Multifactor ETF 2.9 25 25 11.9 +5.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.9 32 18 6.4 -0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 6 10.4 +4.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -28 9.0 +2.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.7 63 -13 12.7 +6.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.6 90 -40 4.9 -1.6
DWX SPDR S&P International Dividend ETF 2.5 45 5 7.3 +0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.4 24 26 7.3 +0.9
MOO VanEck Agribusiness ETF 2.1 53 -3 11.0 +4.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -20 11.6 +5.2
LDEM iShares ESG MSCI EM Leaders ETF 2.1 17 33 13.7 +7.3
RODE Hartford Multifactor Diversified International ETF 2.1 29 21 10.3 +3.9
ESGE iShares ESG Aware MSCI EM ETF 1.9 25 25 9.2 +2.8
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 34 7.8 +1.4
VEGI iShares MSCI Agriculture Producers ETF 1.9 39 11 9.2 +2.8
XCEM Columbia EM Core ex-China ETF 1.8 16 34 7.6 +1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 20 8.6 +2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 35 7.2 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 50 0 10.2 +3.8
DVYE iShares Emerging Markets Dividend ETF 1.7 49 1 17.7 +11.3
FTAG First Trust Indxx Global Agriculture ETF 1.7 70 -20 8.5 +2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.7 33 17 8.1 +1.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.6 49 1 9.3 +2.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 25 6.9 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 1.6 19 31 8.3 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 1.6 36 14 7.2 +0.8
ECON Columbia Emerging Markets Consumer ETF 1.6 49 1 11.4 +5.0
RNEM First Trust Emerging Markets Equity Select ETF 1.6 75 -25 8.4 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 1.5 49 1 9.3 +2.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.5 15 35 9.5 +3.1
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 1 8.9 +2.5
SCHE Schwab Emerging Markets Equity ETF 1.4 11 39 10.3 +3.9
XC WisdomTree Emerging Markets Ex-China Fund 1.3 32 18 5.4 -1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -20 8.3 +1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 -16 8.8 +2.4
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 43 10.0 +3.6
AVES Avantis Emerging Markets Value ETF 1.2 36 14 10.7 +4.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 39 9.1 +2.7
EEM iShares MSCI Emerging Markets ETF 1.1 69 -19 9.3 +2.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 20 9.4 +3.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 -5 6.9 +0.5
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -39 5.1 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -9 8.5 +2.1
STXE Strive Emerging Markets Ex-China ETF 1.0 32 18 7.3 +0.9
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 41 9.6 +3.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 35 7.3 +0.9
AVEM Avantis Emerging Markets Equity ETF 1.0 33 17 8.1 +1.7
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 43 10.2 +3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.9 33 17 7.9 +1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 18 8.3 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 -3 7.2 +0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -29 7.9 +1.5
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 15 8.5 +2.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 9 6.3 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 11 15.3 +8.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 1 14.6 +8.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.7 58 -8 9.4 +3.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 12 8.5 +2.1
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 25 10.6 +4.2
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -30 11.3 +4.9
VYMI Vanguard International High Dividend Yield ETF 0.6 17 33 9.1 +2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 15 15.9 +9.5
DFEV Dimensional Emerging Markets Value ETF 0.6 43 7 11.8 +5.4
DEW WisdomTree Global High Dividend Fund 0.5 58 -8 8.4 +2.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.5 88 -38 7.9 +1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -45 10.9 +4.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 17 9.2 +2.8
HART IQ Healthy Hearts ETF 0.5 45 5 6.4 -0.0
RCGE RockCreek Global Equality ETF 0.5 95 -45 6.7 +0.3
NXTG First Trust Indxx NextG ETF 0.5 70 -20 4.9 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 11 11.1 +4.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 6.0 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 46 7.7 +1.3
VSGX Vanguard ESG International Stock ETF 0.4 10 40 7.5 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 7.1 +0.7
VXUS Vanguard Total International Stock ETF 0.4 5 45 7.6 +1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 9 8.1 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 16 7.3 +0.9
SCHY Schwab International Dividend Equity ETF 0.3 14 36 9.4 +3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 4 9.6 +3.2
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 7.5 +1.1
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 20 7.3 +0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 40 6.7 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 3 5.7 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 7.5 +1.1
VT Vanguard Total World Stock ETF 0.1 6 44 5.7 -0.7
ACWI iShares MSCI ACWI ETF 0.1 32 18 5.4 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 8 6.3 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 1 4.9 -1.5
GLOF iShares Global Equity Factor ETF 0.1 20 30 6.7 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.5 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 5.1 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.5 -0.9

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 Malaysia ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.