iShares MSCI Austria ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 2.9%


  • 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) $145
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 20
Wgt avg mkt cap (mns) $15,576
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 22.1 %
BAWAG GROUP AG 12.6 %
OMV AG 9.1 %
RAIFFEISEN INTL BANK HOLDING 5.0 %
VIENNA INSURANCE GROUP 4.8 %
VOESTALPINE AG 4.8 %
WIENERBERGER AG 4.3 %
ANDRITZ AG 4.3 %
UNIQA VERSICHERUNGEN AG 3.9 %
AUSTRIA TECHNOLOGIE & SYSTEM 3.8 %
Total 74.8 %

TOP COUNTRY EXPOSURE
AUSTRIA 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 69.6% 16.5% 13.4% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.72 41%
MSCI EAFE 1.08 67%
MSCI Emg. Mkts. 0.81 44%

Technical Indicators
Recent close $38.79
30d moving avg. $36.69
Annualized volatility 18.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 62
Turnover 1.7%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 166 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™: 7.4%


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 9.4 68 -18 8.6 +1.2
FEUZ First Trust Eurozone AlphaDEX ETF 5.8 80 -30 6.2 -1.2
CRAK VanEck Oil Refiners ETF 4.4 61 -11 9.9 +2.5
FEP First Trust Europe AlphaDEX Fund 4.1 80 -30 6.5 -0.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.5 75 -25 6.2 -1.2
RNRG Global X Renewable Energy Producers ETF 3.5 66 -16 4.6 -2.7
IEUS iShares MSCI Europe Small-Cap ETF 2.7 42 8 6.3 -1.1
WWJD Inspire International ETF 2.7 80 -30 6.0 -1.4
FRNW Fidelity Clean Energy ETF 2.5 39 11 1.9 -5.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.3 58 -8 5.6 -1.8
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 9.9 +2.5
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -7 7.2 -0.2
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 7.0 -0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.8 58 -8 5.8 -1.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.8 42 8 5.8 -1.6
QINT American Century Quality Diversified International ETF 1.8 39 11 5.8 -1.6
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.0 -1.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.6 70 -20 3.2 -4.2
IBOT Vaneck Robotics ETF 1.5 47 3 3.1 -4.2
JHID John Hancock International High Dividend ETF 1.4 46 4 7.8 +0.4
BLES Inspire Global Hope ETF 1.3 61 -11 5.8 -1.6
DISV Dimensional International Small Cap Value ETF 1.3 42 8 7.3 -0.1
EUFN iShares MSCI Europe Financials ETF 1.3 51 -1 6.7 -0.7
IDV iShares International Select Dividend ETF 1.3 51 -1 8.8 +1.4
DFIS Dimensional International Small Cap ETF 1.2 39 11 5.8 -1.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 11 6.7 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.2 45 5 5.9 -1.5
SCZ iShares MSCI EAFE Small-Cap ETF 1.2 40 10 5.9 -1.5
BINV Brandes International ETF 1.1 70 -20 7.6 +0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -6 9.3 +1.9
AVDV Avantis International Small Cap Value ETF 1.1 36 14 7.0 -0.4
AVDS Avantis International Small Cap Equity ETF 1.0 30 20 5.5 -1.9
VWID Virtus WMC International Dividend ETF 1.0 49 1 6.9 -0.5
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 9.3 +2.0
SCHC Schwab International Small-Cap Equity ETF 0.9 11 39 6.3 -1.1
TPIF Timothy Plan International ETF 0.9 62 -12 5.1 -2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 5.3 -2.1
FIVA Fidelity International Value Factor ETF 0.8 18 32 7.6 +0.2
INTF iShares International Equity Factor ETF 0.8 15 35 6.2 -1.2
IDMO Invesco S&P International Developed Momentum ETF 0.8 25 25 5.0 -2.4
EZU iShares MSCI Eurozone ETF 0.8 52 -2 5.5 -1.9
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.6 -6.8
DXIV Dimensional International Vector Equity ETF 0.7 34 16 6.2 -1.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 7.1 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 -8 5.6 -1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 42 6.1 -1.3
IEUR iShares Core MSCI Europe ETF 0.7 11 39 6.1 -1.3
CGW Invesco S&P Global Water Index ETF 0.6 57 -7 4.1 -3.3
CIL VictoryShares International Volatility Wtd ETF 0.6 45 5 5.6 -1.8
VGK Vanguard FTSE Europe ETF 0.6 6 44 6.2 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.6 23 27 6.0 -1.4
SPEU SPDR Portfolio Europe ETF 0.6 7 43 6.1 -1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.6 80 -30 6.6 -0.8
OCEN IQ Clean Oceans ETF 0.6 45 5 5.1 -2.3
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 41 6.0 -1.4
TTAI FCF International Quality ETF 0.6 59 -9 6.5 -0.8
IQSI IQ Candriam International Equity ETF 0.6 15 35 5.3 -2.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 41 6.5 -0.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -30 3.2 -4.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 5.7 -1.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.5 -2.9
FLEE Franklin FTSE Europe ETF 0.5 9 41 6.1 -1.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.5 58 -8 6.9 -0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 5.2 -2.1
VIDI Vident International Equity Strategy ETF 0.5 61 -11 8.6 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 4.9 -2.5
FDEV Fidelity International Multifactor ETF 0.5 18 32 6.3 -1.1
DTH WisdomTree International High Dividend Fund 0.5 58 -8 6.9 -0.5
EFV iShares MSCI EAFE Value ETF 0.5 34 16 7.2 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.5 12 38 4.8 -2.6
SMOG VanEck Low Carbon Energy ETF 0.5 61 -11 1.3 -6.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 26 5.9 -1.5
ICLN iShares Global Clean Energy ETF 0.4 41 9 2.6 -4.8
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -8 6.8 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 25 6.2 -1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 20 6.2 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 7.6 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 30 5.6 -1.8
AVIV Avantis International Large Cap Value ETF 0.4 25 25 6.9 -0.4
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 8.0 +0.7
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 5.7 -1.7
IEFA iShares Core MSCI EAFE ETF 0.4 7 43 5.8 -1.6
IEV iShares Europe ETF 0.4 67 -17 5.6 -1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 13 6.8 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 21 6.4 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.4 46 4 5.8 -1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 11 6.4 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 6.9 -0.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -30 8.4 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 10 6.2 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 11 5.4 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 46 5.8 -1.6
AVSD Avantis Responsible International Equity ETF 0.4 23 27 4.4 -3.0
BKIE BNY Mellon International Equity ETF 0.4 4 46 5.7 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 47 5.7 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 11 8.0 +0.6
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 7.6 +0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 5.0 -2.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 5.4 -2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 7.8 +0.4
AVDE Avantis International Equity ETF 0.3 23 27 6.0 -1.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.3 -2.1
IGRO iShares International Dividend Growth ETF 0.3 15 35 6.0 -1.4
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 5.8 -1.6
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.2 -7.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 30 5.7 -1.7
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 27 7.0 -0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 28 5.2 -2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 25 5.9 -1.5
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 6.1 -1.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 5.5 -1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -33 7.5 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 20 5.7 -1.7
DWM WisdomTree International Equity Fund 0.3 48 2 6.0 -1.4
JXI iShares Global Utilities ETF 0.3 43 7 5.0 -2.3
EFA iShares MSCI EAFE ETF 0.3 35 15 5.5 -1.9
IXC iShares Global Energy ETF 0.3 44 6 8.2 +0.8
IXG iShares Global Financials ETF 0.3 42 8 5.9 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 14 5.7 -1.7
SCHF Schwab International Equity ETF 0.3 6 44 5.9 -1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 1 4.7 -2.7
VSGX Vanguard ESG International Stock ETF 0.3 10 40 6.4 -1.0
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 2 5.7 -1.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 30 5.2 -2.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 6.4 -1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 6.2 -1.2
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.2 -3.2
VXUS Vanguard Total International Stock ETF 0.2 5 45 6.5 -0.9
DFIV Dimensional International Value ETF 0.2 27 23 7.5 +0.1
INEQ Columbia International Equity Income ETF 0.2 45 5 7.0 -0.4
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.2 -1.2
STXI Strive International Developed Markets ETF 0.2 29 21 5.4 -2.0
DIHP Dimensional International High Profitability ETF 0.2 29 21 5.5 -1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 19 5.5 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 6.5 -0.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 30 5.3 -2.1
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.0 -0.4
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.8 -1.6
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.1 -2.3
GWX SPDR S&P International Small Cap ETF 0.2 40 10 5.5 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 8 5.5 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 16 6.2 -1.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 7.5 +0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 6.0 -1.4
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 5.2 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 9 6.2 -1.2
PRNT 3D Printing ETF 0.1 66 -16 1.6 -5.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 36 5.3 -2.1
IFGL iShares International Developed Real Estate ETF 0.1 48 2 6.1 -1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 4.7 -2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.4 -3.0
DWMF WisdomTree International Multifactor Fund 0.1 38 12 6.1 -1.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 4.6 -2.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.0 -2.4
VT Vanguard Total World Stock ETF 0.1 6 44 5.0 -2.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 4.5 -2.9
TOK iShares MSCI Kokusai ETF 0.1 26 24 4.3 -3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.8 -2.6
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 3.6 -3.8
URTH iShares MSCI World ETF 0.1 24 26 4.4 -3.0
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.7 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.3 -2.0
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 6.6 -0.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 30 5.2 -2.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -8 3.4 -4.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 7.7 +0.3

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 10.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.