iShares MSCI Austria ETF
ALTAR
Score™		 11.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.9x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Austria 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 Austrian market, as measured by the MSCI Austria 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) $108
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 19
Wgt avg mkt cap (mns) $11,093
Large cap (>$10bn) 36.9%
Mid cap ($2-10bn) 52.9%
Small cap (<$2bn) 10.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ERSTE GROUP BANK AG 22.7 %
BAWAG GROUP AG 12.6 %
OMV AG 9.9 %
ANDRITZ AG 4.6 %
WIENERBERGER AG 4.6 %
VOESTALPINE AG 4.6 %
VERBUND AG 4.5 %
VIENNA INSURANCE GROUP 4.4 %
UNIQA VERSICHERUNGEN AG 4.1 %
RAIFFEISEN INTL BANK HOLDING 3.6 %
Total 75.6 %

TOP COUNTRY EXPOSURE
AUSTRIA 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
40.2% 34.5% 18.7% 9.6% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.75 33%
MSCI EAFE 0.96 56%
MSCI Emg. Mkts. 0.72 33%

Technical Indicators
Recent close $29.29
30d moving avg. $28.84
Annualized volatility 21.1%
Short interest (ETF) 2.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 91
Turnover 2.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 179 potential alternatives to the iShares MSCI Austria ETF ETF based on the alternatives' overlap in portfolio holdings with EWO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWO Expense: 50 bp ALTAR Score™: 11.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWO
Ticker Fund
Name		 Overlap1
vs EWO
(%)		 Expense
ratio
(bp)		 Savings
vs EWO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWO
(%)
GVAL Cambria Global Value ETF 7.2 68 -18 11.0 -0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.4 58 -8 9.0 -2.3
FEUZ First Trust Eurozone AlphaDEX ETF 4.8 80 -30 9.1 -2.1
CRAK VanEck Oil Refiners ETF 4.8 61 -11 14.1 +2.9
RNRG Global X Renewable Energy Producers ETF 4.5 66 -16 5.6 -5.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.9 75 -25 7.8 -3.5
BOTT Themes Robotics & Automation ETF 3.3 35 15 4.7 -6.5
IWTR iShares MSCI Water Management Multisector ETF 3.1 47 3 5.6 -5.6
FEP First Trust Europe AlphaDEX Fund 3.1 80 -30 9.3 -1.9
FRNW Fidelity Clean Energy ETF 3.1 39 11 4.0 -7.3
COPY Tweedy, Browne Insider + Value ETF 2.6 80 -30 11.7 +0.5
IEUS iShares MSCI Europe Small-Cap ETF 2.5 42 8 7.2 -4.0
WWJD Inspire International ETF 2.3 80 -30 7.2 -4.0
PPIE Putnam PanAgora ESG International Equity ETF 2.1 49 1 7.4 -3.8
FICS First Trust International Developed Capital Strength ETF 1.9 70 -20 6.2 -5.0
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -7 8.4 -2.8
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 9.0 -2.3
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 7.6 -3.7
BINV Brandes International ETF 1.7 70 -20 9.6 -1.7
QINT American Century Quality Diversified International ETF 1.6 39 11 7.4 -3.8
IDV iShares International Select Dividend ETF 1.4 51 -1 11.1 -0.1
IBOT Vaneck Robotics ETF 1.3 47 3 4.1 -7.1
JHID John Hancock International High Dividend ETF 1.2 46 4 9.9 -1.4
DFIS Dimensional International Small Cap ETF 1.2 39 11 7.4 -3.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -30 10.0 -1.3
BLES Inspire Global Hope ETF 1.2 61 -11 6.8 -4.5
DISV Dimensional International Small Cap Value ETF 1.2 42 8 9.5 -1.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 56 -6 11.0 -0.2
INEQ Columbia International Equity Income ETF 1.1 45 5 8.3 -3.0
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 10 7.0 -4.3
SCHC Schwab International Small-Cap Equity ETF 1.1 11 39 6.8 -4.5
VWID Virtus WMC International Dividend ETF 1.1 49 1 8.8 -2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 5 7.2 -4.0
TPIF Timothy Plan International ETF 1.0 62 -12 6.2 -5.0
CGW Invesco S&P Global Water Index ETF 1.0 57 -7 4.6 -6.6
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 11.9 +0.7
EUFN iShares MSCI Europe Financials ETF 0.9 51 -1 8.4 -2.8
AVDS Avantis International Small Cap Equity ETF 0.9 30 20 7.6 -3.7
PBD Invesco Global Clean Energy ETF 0.9 75 -25 0.6 -10.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.9 70 -20 4.7 -6.5
ICLN iShares Global Clean Energy ETF 0.8 41 9 5.8 -5.4
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 1 5.7 -5.5
RFEU First Trust Riverfront Dynamic Europe ETF 0.8 83 -33 10.4 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 42 6.8 -4.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -15 2.2 -9.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -8 8.1 -3.1
DWMF WisdomTree International Multifactor Fund 0.7 38 12 7.0 -4.3
INTF iShares International Equity Factor ETF 0.7 15 35 7.8 -3.4
WDNA WisdomTree BioRevolution Fund 0.7 45 5 -1.3 -12.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 7.4 -3.9
SMOG VanEck Low Carbon Energy ETF 0.7 61 -11 1.6 -9.7
CIL VictoryShares International Volatility Wtd ETF 0.7 45 5 6.6 -4.6
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 25 5.4 -5.8
DTH WisdomTree International High Dividend Fund 0.6 58 -8 8.9 -2.3
HEDJ WisdomTree Europe Hedged Equity Fund 0.6 58 -8 6.8 -4.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.6 55 -5 7.5 -3.7
EZU iShares MSCI Eurozone ETF 0.6 52 -2 6.7 -4.6
DFIC Dimensional International Core Equity 2 ETF 0.6 23 27 7.6 -3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.6 40 10 7.6 -3.6
IEUR iShares Core MSCI Europe ETF 0.6 11 39 7.3 -3.9
DXIV Dimensional International Vector Equity ETF 0.6 34 16 8.0 -3.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 4.9 -6.4
TTAI FCF International Quality ETF 0.6 59 -9 7.0 -4.3
VGK Vanguard FTSE Europe ETF 0.5 6 44 7.4 -3.8
XT iShares Exponential Technologies ETF 0.5 46 4 4.8 -6.4
SPEU SPDR Portfolio Europe ETF 0.5 7 43 7.3 -3.9
OCEN IQ Clean Oceans ETF 0.5 45 5 6.2 -5.0
VIDI Vident International Equity Strategy ETF 0.5 61 -11 11.4 +0.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.9 -4.3
DWM WisdomTree International Equity Fund 0.5 48 2 7.5 -3.8
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 6.4 -4.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 5.9 -5.4
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 41 7.2 -4.1
AVDV Avantis International Small Cap Value ETF 0.4 36 14 10.1 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 9.6 -1.7
IQSI IQ Candriam International Equity ETF 0.4 15 35 6.6 -4.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 9.2 -2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 20 8.1 -3.2
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 -10 1.4 -9.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 41 8.1 -3.1
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 2 7.4 -3.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.4 58 -8 6.7 -4.5
EFV iShares MSCI EAFE Value ETF 0.4 34 16 9.3 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 8.9 -2.4
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 7.3 -4.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.4 83 -33 9.7 -1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.4 12 38 5.5 -5.7
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -39 4.8 -6.4
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 10.7 -0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 1 6.2 -5.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -30 11.2 +0.0
FLEE Franklin FTSE Europe ETF 0.4 9 41 7.3 -3.9
IEFA iShares Core MSCI EAFE ETF 0.3 7 43 7.2 -4.1
IEV iShares Europe ETF 0.3 67 -17 6.9 -4.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 11 8.2 -3.1
JXI iShares Global Utilities ETF 0.3 43 7 5.9 -5.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.3 25 25 7.3 -4.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 6.9 -4.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 30 7.0 -4.3
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -8 8.4 -2.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 6.6 -4.6
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 9.8 -1.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 6.1 -5.1
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 46 7.2 -4.1
FILL iShares MSCI Global Energy Producers ETF 0.3 39 11 12.0 +0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 6.7 -4.5
AVIV Avantis International Large Cap Value ETF 0.3 25 25 8.9 -2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 11 13.6 +2.3
AVDE Avantis International Equity ETF 0.3 23 27 7.6 -3.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 26 7.5 -3.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 47 7.2 -4.1
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 7.3 -4.0
IXC iShares Global Energy ETF 0.3 44 6 10.4 -0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 4 7.0 -4.2
RODE Hartford Multifactor Diversified International ETF 0.3 29 21 12.7 +1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 19 6.3 -4.9
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -9 7.0 -4.3
BKIE BNY Mellon International Equity ETF 0.3 4 46 7.1 -4.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 13 8.5 -2.7
AVSD Avantis Responsible International Equity ETF 0.3 23 27 5.7 -5.6
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 7.6 -3.6
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 27 8.4 -2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 25 7.1 -4.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 21 7.9 -3.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 20 5.4 -5.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 11 6.7 -4.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -8 7.1 -4.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 30 7.2 -4.0
VSGX Vanguard ESG International Stock ETF 0.2 10 40 7.9 -3.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 8.0 -3.2
VXUS Vanguard Total International Stock ETF 0.2 5 45 8.0 -3.2
DIHP Dimensional International High Profitability ETF 0.2 29 21 7.2 -4.1
GLOF iShares Global Equity Factor ETF 0.2 20 30 6.7 -4.5
IXG iShares Global Financials ETF 0.2 42 8 6.8 -4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 8 6.6 -4.6
EFA iShares MSCI EAFE ETF 0.2 35 15 6.9 -4.4
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 6.6 -4.7
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.3 -5.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.9 -4.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 8.1 -3.1
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 7.7 -3.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 7.9 -3.3
SCHF Schwab International Equity ETF 0.2 6 44 7.4 -3.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 8 7.0 -4.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 6.0 -5.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 7.6 -3.7
DFIV Dimensional International Value ETF 0.2 27 23 10.0 -1.2
STXI Strive International Developed Markets ETF 0.2 29 21 7.0 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.5 -4.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 20 7.0 -4.2
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 6.2 -5.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 46 8.2 -3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 36 6.3 -5.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.8 -3.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 26 7.1 -4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.8 -3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 5.2 -6.0
IFGL iShares International Developed Real Estate ETF 0.1 48 2 7.0 -4.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 11 11.4 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.8 -5.4
PRNT 3D Printing ETF 0.1 66 -16 1.3 -10.0
DEW WisdomTree Global High Dividend Fund 0.1 58 -8 8.7 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 5.4 -5.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.9 -5.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 17 10.1 -1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 28 5.7 -5.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 0 7.1 -4.2
VT Vanguard Total World Stock ETF 0.1 6 44 6.0 -5.2
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 20 7.4 -3.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 6.1 -5.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.3 -6.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 4.3 -6.9
TOK iShares MSCI Kokusai ETF 0.1 26 24 5.2 -6.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -8 4.7 -6.5
URTH iShares MSCI World ETF 0.1 24 26 5.2 -6.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 5.9 -5.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.8 -5.5
ACWI iShares MSCI ACWI ETF 0.1 32 18 5.7 -5.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 16 6.0 -5.3

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

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 11.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.62
 
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.