iShares MSCI Austria ETF
ALTAR
Score™
10.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
3.4%


  • 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 18, 1996
Assets (mns) $47
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 26
Wgt avg mkt cap (mns) $4,360
Large cap (>$10bn) 13.7%
Mid cap ($2-10bn) 68.9%
Small cap (<$2bn) 17.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ERSTE GROUP BANK AG 16.0 %
OMV AG 11.6 %
ANDRITZ AG 5.9 %
RAIFFEISEN INTL BANK HOLDING 5.7 %
VOESTALPINE AG 4.8 %
CA IMMOBILIEN ANLAGEN AG 4.5 %
WIENERBERGER AG 4.1 %
IMMOFINANZ AG 3.9 %
TELEKOM AUSTRIA AG 3.4 %
OESTERREICHISCHE POST AG 3.3 %
Total 63.2 %

TOP COUNTRY EXPOSURE
AUSTRIA 84.8 %










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.
-29.4% -22.3% -0.1% 1.3% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 1.20 72%
MSCI EAFE 1.42 87%
MSCI Emg. Mkts. 1.12 82%

Technical Indicators
Recent close $15.84
30d moving avg. $14.18
Annualized volatility 23.9%
Short interest (ETF) 5.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 54
Turnover 1.8%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $132

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 10.7%


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
(%)
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.2 58 -8 7.9 -2.9
SMEZ SPDR EURO STOXX Small Cap ETF 4.0 45 5 5.4 -5.3
CRAK VanEck Vectors Oil Refiners ETF 4.0 60 -10 11.8 +1.1
FEUZ First Trust Eurozone AlphaDEX ETF 2.8 80 -30 7.8 -3.0
DDEZ WisdomTree Europe Multifactor Fund 2.4 43 7 7.2 -3.5
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 1.6 43 7 8.7 -2.1
DLS WisdomTree International SmallCap Dividend Fund 1.6 58 -8 8.5 -2.3
ESGN Columbia Sustainable International Equity Income ETF 1.4 45 5 11.1 +0.4
CGW Invesco S&P Global Water Index ETF 1.4 62 -12 4.2 -6.6
IEUS iShares MSCI Europe Small-Cap ETF 1.3 40 10 6.8 -3.9
FEP First Trust Europe AlphaDEX Fund 1.2 80 -30 7.9 -2.8
IDV iShares International Select Dividend ETF 1.1 49 1 12.3 +1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 3 13.5 +2.8
IFEU iShares Europe Development Real Estate ETF 1.0 48 2 6.5 -4.2
DFE WisdomTree Europe SmallCap Dividend Fund 1.0 58 -8 8.4 -2.3
SCID Global X Scientific Beta Europe ETF 1.0 38 12 6.9 -3.9
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -33 6.3 -4.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 0.9 45 5 9.8 -1.0
RFEU First Trust Riverfront Dynamic Europe ETF 0.9 83 -33 5.0 -5.8
EUFN iShares MSCI Europe Financials ETF 0.8 48 2 11.5 +0.8
AVDV Avantis International Small Cap Value ETF 0.8 36 14 7.6 -3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.8 45 5 6.8 -4.0
DIM WisdomTree International MidCap Dividend Fund 0.8 58 -8 7.6 -3.1
GVAL Cambria Global Value ETF 0.7 69 -19 10.8 +0.1
WPS iShares International Developed Property ETF 0.7 48 2 7.8 -3.0
SCHC Schwab International Small-Cap Equity ETF 0.7 12 38 6.9 -3.8
SCZ iShares MSCI Eafe Small-Cap ETF 0.7 40 10 6.5 -4.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 -15 3.8 -7.0
WWJD Inspire International ESG ETF 0.6 80 -30 7.6 -3.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 0.6 29 21 8.1 -2.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.6 35 15 8.6 -2.2
DRW WisdomTree Global ex-US Real Estate Fund 0.6 58 -8 10.6 -0.1
DTH WisdomTree DEFA Equity Income Fund 0.6 58 -8 9.6 -1.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 5 7.5 -3.3
DWMF WisdomTree International Multifactor Fund 0.6 38 12 6.8 -3.9
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -9 6.8 -4.0
LEGR First Trust Index Digital Transaction & Process Technology E 0.6 65 -15 7.1 -3.7
PDEV Principal International Multi-Factor Core Index ETF 0.6 25 25 7.9 -2.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 25 6.7 -4.0
EURZ Xtrackers Eurozone Equity ETF 0.6 9 41 7.0 -3.7
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.6 11 39 6.3 -4.4
VNQI Vanguard Global ex-US Real Estate Index Fund 0.5 12 38 9.9 -0.8
DWM WisdomTree International Equity Fund 0.5 48 2 8.2 -2.5
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.5 10 40 9.1 -1.7
EZU iShares MSCI Eurozone ETF 0.5 49 1 6.7 -4.0
FDT First Trust Developed Markets ex-US Alphadex Fund 0.5 80 -30 7.8 -3.0
HEDJ WisdomTree Europe Hedged Equity Fund 0.5 58 -8 7.0 -3.7
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 25 6.9 -3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 6.9 -3.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 35 15 8.6 -2.1
IFGL iShares International Developed Real Estate ETF 0.4 48 2 7.6 -3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 11 7.5 -3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 7.1 -3.6
RBIN Nationwide Risk-Based International Equity ETF 0.4 42 8 6.5 -4.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 25 6.8 -3.9
IEUR iShares Core MSCI Europe ETF 0.4 9 41 7.3 -3.5
ISZE iShares Edge MSCI Intl Size Factor ETF 0.4 30 20 6.9 -3.8
VGK Vanguard FTSE Europe ETF 0.3 8 42 7.3 -3.5
TPIF Timothy Plan International ETF 0.3 62 -12 7.0 -3.7
FEU SPDR Portfolio Europe ETF 0.3 9 41 7.3 -3.5
FILL iShares MSCI Global Energy Producers ETF 0.3 39 11 5.9 -4.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 0.3 20 30 9.3 -1.5
EFV iShares MSCI EAFE Value ETF 0.3 39 11 10.0 -0.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.3 45 5 7.2 -3.5
IXC iShares Global Energy ETF 0.3 46 4 5.3 -5.4
GCOW Pacer Global High Dividend ETF 0.3 60 -10 10.6 -0.1
BLES Inspire Global Hope Large Cap ETF 0.3 61 -11 6.2 -4.5
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 41 7.3 -3.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 10.4 -0.3
CIL VictoryShares International Volatility Weighted Index ETF 0.3 45 5 6.7 -4.0
IQIN IQ 500 International ETF 0.3 25 25 9.0 -1.8
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.3 35 15 5.5 -5.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 5 8.8 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 0 7.0 -3.8
JPEU JPMorgan Diversified Return Europe Equity ETF 0.3 37 13 6.8 -3.9
ISDX Invesco Strategic Developed ex-US ETF 0.3 23 27 7.4 -3.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 0.2 30 20 6.8 -3.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 25 8.7 -2.1
FLEH Franklin FTSE Europe Hedged ETF 0.2 9 41 7.2 -3.6
FLEE Franklin FTSE Europe ETF 0.2 9 41 7.0 -3.7
ESGD iShares MSCI EAFE ESG Optimized ETF 0.2 20 30 7.2 -3.6
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 2 8.5 -2.2
VYMI Vanguard International High Dividend Yield ETF 0.2 32 18 10.1 -0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 45 5 6.8 -4.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -8 6.1 -4.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.2 24 26 7.2 -3.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 43 7.3 -3.4
AVDE Avantis International Equity ETF 0.2 23 27 7.9 -2.9
IVLU iShares Edge MSCI Intl Value Factor ETF 0.2 30 20 11.3 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 11 9.1 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 5 45 7.3 -3.5
GWX SPDR S&P International Small Cap ETF 0.2 40 10 5.8 -5.0
VEA Vanguard FTSE Developed Markets ETF 0.2 5 45 7.4 -3.3
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.2 60 -10 7.1 -3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 11 6.7 -4.1
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 7.6 -3.1
GRES IQ Global Resources ETF 0.2 77 -27 7.3 -3.4
HAP VanEck Vectors Natural Resources ETF 0.2 50 0 6.2 -4.6
IQSI IQ Candriam ESG International Equity ETF 0.2 15 35 7.3 -3.4

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 9.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 10.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.59
 
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.