iShares MSCI Austria ETF
ALTAR
Score™		 10.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.4x P/Sales
ratio		 0.8x
P/BV
ratio		 1.0x Div.
yield		 3.6%


  • 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) $12,644
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 25.3 %
BAWAG GROUP AG 12.1 %
OMV AG 9.3 %
VOESTALPINE AG 4.7 %
VIENNA INSURANCE GROUP 4.5 %
UNIQA VERSICHERUNGEN AG 4.3 %
WIENERBERGER AG 4.3 %
ANDRITZ AG 4.3 %
VERBUND AG 4.2 %
DO & CO AKTIENGESELLSCHAFT 3.7 %
Total 76.7 %

TOP COUNTRY EXPOSURE
AUSTRIA 100.0 %










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.
40.2% 30.1% 18.9% 9.2% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.79 34%
MSCI EAFE 0.95 55%
MSCI Emg. Mkts. 0.72 34%

Technical Indicators
Recent close $30.97
30d moving avg. $30.58
Annualized volatility 20.8%
Short interest (ETF) 0.5%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 45
Turnover 1.3%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 180 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
(%)
GVAL Cambria Global Value ETF 7.1 68 -18 10.5 -0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.4 58 -8 8.8 -1.9
FEUZ First Trust Eurozone AlphaDEX ETF 4.8 80 -30 9.1 -1.6
CRAK VanEck Oil Refiners ETF 4.6 61 -11 13.7 +3.1
RNRG Global X Renewable Energy Producers ETF 4.2 66 -16 5.5 -5.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.9 75 -25 7.8 -2.9
IWTR iShares MSCI Water Management Multisector ETF 3.2 47 3 5.8 -4.9
FEP First Trust Europe AlphaDEX Fund 3.1 80 -30 9.1 -1.6
BOTT Themes Robotics & Automation ETF 3.1 35 15 4.1 -6.5
FRNW Fidelity Clean Energy ETF 3.1 39 11 3.3 -7.4
COPY Tweedy, Browne Insider + Value ETF 2.8 80 -30 11.8 +1.1
IEUS iShares MSCI Europe Small-Cap ETF 2.6 42 8 7.2 -3.4
WWJD Inspire International ETF 2.3 80 -30 7.3 -3.4
PPIE Putnam PanAgora ESG International Equity ETF 2.1 49 1 7.4 -3.2
IMOM Alpha Architect International Quantitative Momentum ETF 2.1 49 1 3.3 -7.4
FICS First Trust International Developed Capital Strength ETF 1.9 70 -20 7.3 -3.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.8 57 -7 8.3 -2.4
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 8.9 -1.7
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 7.5 -3.2
BINV Brandes International ETF 1.7 70 -20 9.4 -1.2
QINT American Century Quality Diversified International ETF 1.6 39 11 7.3 -3.3
IDV iShares International Select Dividend ETF 1.3 51 -1 10.6 -0.0
IBOT Vaneck Robotics ETF 1.3 47 3 4.3 -6.4
JHID John Hancock International High Dividend ETF 1.2 46 4 9.5 -1.2
DISV Dimensional International Small Cap Value ETF 1.2 42 8 9.1 -1.6
BLES Inspire Global Hope ETF 1.2 61 -11 6.8 -3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -30 9.6 -1.1
DFIS Dimensional International Small Cap ETF 1.2 39 11 7.3 -3.4
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 10 6.9 -3.8
SCHC Schwab International Small-Cap Equity ETF 1.1 11 39 6.6 -4.0
INEQ Columbia International Equity Income ETF 1.1 45 5 8.1 -2.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -6 10.7 +0.0
ICLN iShares Global Clean Energy ETF 1.1 41 9 5.2 -5.5
VWID Virtus WMC International Dividend ETF 1.1 49 1 8.5 -2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 5 6.9 -3.7
EUFN iShares MSCI Europe Financials ETF 1.0 51 -1 7.9 -2.8
TPIF Timothy Plan International ETF 1.0 62 -12 6.2 -4.4
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 11.6 +1.0
AVDS Avantis International Small Cap Equity ETF 0.9 30 20 7.3 -3.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.9 70 -20 4.8 -5.9
PBD Invesco Global Clean Energy ETF 0.8 75 -25 -0.3 -11.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 42 6.1 -4.6
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 1 5.8 -4.9
RFEU First Trust Riverfront Dynamic Europe ETF 0.8 83 -33 10.6 -0.1
CGW Invesco S&P Global Water Index ETF 0.8 57 -7 4.6 -6.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -8 8.0 -2.6
IDMO Invesco S&P International Developed Momentum ETF 0.7 25 25 5.3 -5.4
DWMF WisdomTree International Multifactor Fund 0.7 38 12 7.0 -3.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 -15 2.1 -8.6
WDNA WisdomTree BioRevolution Fund 0.7 45 5 -1.4 -12.1
INTF iShares International Equity Factor ETF 0.7 15 35 7.6 -3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 -5 7.7 -2.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 8.1 -2.6
CIL VictoryShares International Volatility Wtd ETF 0.7 45 5 6.6 -4.1
EZU iShares MSCI Eurozone ETF 0.7 52 -2 6.8 -3.9
SMOG VanEck Low Carbon Energy ETF 0.6 61 -11 1.8 -8.9
DTH WisdomTree International High Dividend Fund 0.6 58 -8 8.4 -2.2
DXIV Dimensional International Vector Equity ETF 0.6 34 16 7.8 -2.9
HEDJ WisdomTree Europe Hedged Equity Fund 0.6 58 -8 6.6 -4.1
VIDI Vident International Equity Strategy ETF 0.6 61 -11 10.9 +0.3
IEUR iShares Core MSCI Europe ETF 0.6 11 39 7.4 -3.3
DFIC Dimensional International Core Equity 2 ETF 0.6 23 27 7.4 -3.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.6 40 10 7.4 -3.2
VGK Vanguard FTSE Europe ETF 0.6 6 44 7.5 -3.2
SPEU SPDR Portfolio Europe ETF 0.6 7 43 7.4 -3.3
TTAI FCF International Quality ETF 0.6 59 -9 7.2 -3.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 5.0 -5.7
OCEN IQ Clean Oceans ETF 0.5 45 5 6.0 -4.7
XT iShares Exponential Technologies ETF 0.5 46 4 4.9 -5.7
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 6.3 -4.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.8 -3.8
DWM WisdomTree International Equity Fund 0.5 48 2 7.4 -3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 5.8 -4.9
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 41 7.2 -3.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 9.6 -1.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -39 4.8 -5.9
AVDV Avantis International Small Cap Value ETF 0.4 36 14 9.5 -1.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.4 12 38 5.5 -5.2
BULD Pacer BlueStar Engineering the Future ETF 0.4 60 -10 0.5 -10.2
IQSI IQ Candriam International Equity ETF 0.4 15 35 6.6 -4.1
EFV iShares MSCI EAFE Value ETF 0.4 34 16 9.1 -1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 9.1 -1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 20 7.9 -2.8
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 10.4 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 8.8 -1.8
IEV iShares Europe ETF 0.4 67 -17 6.9 -3.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 7.1 -3.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 41 7.9 -2.7
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 2 7.2 -3.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -30 10.6 -0.1
IEFA iShares Core MSCI EAFE ETF 0.4 7 43 7.0 -3.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.4 58 -8 6.9 -3.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.4 83 -33 9.4 -1.3
FLEE Franklin FTSE Europe ETF 0.4 9 41 7.3 -3.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 1 5.8 -4.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 6.7 -3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 11 7.9 -2.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 6.0 -4.7
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 46 7.0 -3.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 6.6 -4.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.3 25 25 7.3 -3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 11 12.7 +2.0
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 9.5 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 30 6.9 -3.8
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -8 8.1 -2.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 6.5 -4.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 47 7.0 -3.7
JXI iShares Global Utilities ETF 0.3 43 7 5.9 -4.8
AVIV Avantis International Large Cap Value ETF 0.3 25 25 8.6 -2.1
FILL iShares MSCI Global Energy Producers ETF 0.3 39 11 11.6 +0.9
AVDE Avantis International Equity ETF 0.3 23 27 7.4 -3.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 26 7.4 -3.3
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 7.2 -3.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 4 6.7 -4.0
IXC iShares Global Energy ETF 0.3 44 6 10.0 -0.7
RODE Hartford Multifactor Diversified International ETF 0.3 29 21 11.4 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 19 6.3 -4.4
BKIE BNY Mellon International Equity ETF 0.3 4 46 7.0 -3.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 20 5.5 -5.2
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -9 6.9 -3.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 13 8.3 -2.3
AVSD Avantis Responsible International Equity ETF 0.3 23 27 5.7 -5.0
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 7.6 -3.1
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 27 8.2 -2.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 25 7.1 -3.6
IXG iShares Global Financials ETF 0.2 42 8 6.5 -4.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 21 7.7 -2.9
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 7.9 -2.7
EFA iShares MSCI EAFE ETF 0.2 35 15 6.7 -4.0
VSGX Vanguard ESG International Stock ETF 0.2 10 40 7.7 -3.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 11 6.7 -4.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -8 7.1 -3.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 30 7.1 -3.6
VXUS Vanguard Total International Stock ETF 0.2 5 45 7.9 -2.8
DIHP Dimensional International High Profitability ETF 0.2 29 21 7.2 -3.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 7.7 -3.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 8 7.2 -3.5
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.0 -4.7
GLOF iShares Global Equity Factor ETF 0.2 20 30 6.5 -4.2
SCHF Schwab International Equity ETF 0.2 6 44 7.3 -3.4
STXI Strive International Developed Markets ETF 0.2 29 21 6.7 -4.0
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 6.6 -4.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.3 -4.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.5 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 8.0 -2.7
DFIV Dimensional International Value ETF 0.2 27 23 9.6 -1.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 8 7.3 -3.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 25 5.9 -4.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 7.9 -2.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 20 7.0 -3.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 8.1 -2.6
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 6.3 -4.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 8.1 -2.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.8 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 36 6.2 -4.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 26 7.2 -3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.5 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 5.2 -5.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 11 11.0 +0.4
IFGL iShares International Developed Real Estate ETF 0.1 48 2 7.0 -3.7
PRNT 3D Printing ETF 0.1 66 -16 1.3 -9.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.6 -5.0
DEW WisdomTree Global High Dividend Fund 0.1 58 -8 8.4 -2.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 5.4 -5.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.7 -5.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 17 10.2 -0.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 0 7.0 -3.7
VT Vanguard Total World Stock ETF 0.1 6 44 5.9 -4.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 28 5.8 -4.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 -4.7
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 20 7.3 -3.3
TOK iShares MSCI Kokusai ETF 0.1 26 24 5.0 -5.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.2 -5.5
URTH iShares MSCI World ETF 0.1 24 26 5.1 -5.6
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 4.4 -6.3
ACWI iShares MSCI ACWI ETF 0.1 32 18 5.5 -5.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -8 4.7 -6.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 6.2 -4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.8 -4.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 16 6.1 -4.6

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 10.9 %
Divided by: Fwd. P/BV 1.0 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		 1.62 CATEGORY
AVERAGE		 1.63
 
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.