iShares MSCI Austria ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x Div.
yield		 3.2%


  • 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) $137
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 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 22.4 %
BAWAG GROUP AG 12.7 %
OMV AG 9.0 %
VIENNA INSURANCE GROUP 5.1 %
RAIFFEISEN INTL BANK HOLDING 4.7 %
VOESTALPINE AG 4.7 %
WIENERBERGER AG 4.6 %
ANDRITZ AG 4.4 %
UNIQA VERSICHERUNGEN AG 4.0 %
VERBUND AG 3.8 %
Total 75.4 %

TOP COUNTRY EXPOSURE
AUSTRIA 98.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
69.2% 69.2% 16.2% 11.7% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.70 39%
MSCI EAFE 1.07 66%
MSCI Emg. Mkts. 0.80 42%

Technical Indicators
Recent close $36.00
30d moving avg. $34.63
Annualized volatility 18.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 63
Turnover 1.7%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 169 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™: 8.0%


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
(%)
JIVE JPMorgan International Value ETF 52.0 55 -5 9.7 +1.8
GVAL Cambria Global Value ETF 8.8 68 -18 9.4 +1.4
FEUZ First Trust Eurozone AlphaDEX ETF 5.8 80 -30 6.5 -1.4
CRAK VanEck Oil Refiners ETF 4.6 61 -11 11.2 +3.2
FEP First Trust Europe AlphaDEX Fund 4.1 80 -30 6.9 -1.1
ICPY Tweedy, Browne International Insider Value ETF 4.0 80 -30 10.1 +2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.8 75 -25 6.7 -1.2
RNRG Global X Renewable Energy Producers ETF 3.8 66 -16 5.0 -2.9
COPY Tweedy, Browne Insider + Value ETF 2.9 80 -30 10.3 +2.4
WWJD Inspire International ETF 2.7 80 -30 6.4 -1.5
IEUS iShares MSCI Europe Small-Cap ETF 2.6 42 8 6.6 -1.4
FRNW Fidelity Clean Energy ETF 2.5 39 11 2.1 -5.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.3 58 -8 5.8 -2.2
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 0 10.6 +2.7
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -7 7.7 -0.3
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 7.6 -0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.8 58 -8 5.8 -2.1
IQDG WisdomTree International Quality Dividend Growth Fund 1.8 42 8 6.0 -2.0
QINT American Century Quality Diversified International ETF 1.8 39 11 6.2 -1.8
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.5 -1.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.6 70 -20 3.3 -4.7
IBOT Vaneck Robotics ETF 1.5 47 3 3.3 -4.6
JHID John Hancock International High Dividend ETF 1.4 46 4 8.5 +0.5
BLES Inspire Global Hope ETF 1.3 61 -11 6.1 -1.9
DISV Dimensional International Small Cap Value ETF 1.3 42 8 8.0 +0.1
EUFN iShares MSCI Europe Financials ETF 1.3 51 -1 6.8 -1.1
IDV iShares International Select Dividend ETF 1.3 51 -1 9.6 +1.6
DFIS Dimensional International Small Cap ETF 1.2 39 11 6.2 -1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.2 45 5 6.0 -2.0
BINV Brandes International ETF 1.1 70 -20 8.2 +0.2
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 10 6.2 -1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -6 10.1 +2.2
AVDV Avantis International Small Cap Value ETF 1.1 36 14 7.8 -0.2
AVDS Avantis International Small Cap Equity ETF 1.0 30 20 6.0 -2.0
VWID Virtus WMC International Dividend ETF 1.0 49 1 7.4 -0.6
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 10.4 +2.4
TPIF Timothy Plan International ETF 0.9 62 -12 5.4 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.9 11 39 6.8 -1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 5.9 -2.0
ICLN iShares Global Clean Energy ETF 0.8 41 9 2.9 -5.1
FIVA Fidelity International Value Factor ETF 0.8 18 32 8.1 +0.1
INTF iShares International Equity Factor ETF 0.8 15 35 6.6 -1.4
IDMO Invesco S&P International Developed Momentum ETF 0.8 25 25 5.1 -2.8
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.7 -7.3
EZU iShares MSCI Eurozone ETF 0.8 52 -2 5.7 -2.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 7.1 -0.8
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 -8 5.6 -2.4
DXIV Dimensional International Vector Equity ETF 0.7 34 16 6.7 -1.3
VIDI Vident International Equity Strategy ETF 0.6 61 -11 9.3 +1.4
IEUR iShares Core MSCI Europe ETF 0.6 11 39 6.3 -1.7
CGW Invesco S&P Global Water Index ETF 0.6 57 -7 4.2 -3.7
CIL VictoryShares International Volatility Wtd ETF 0.6 45 5 5.8 -2.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.6 80 -30 7.4 -0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 42 6.5 -1.5
VGK Vanguard FTSE Europe ETF 0.6 6 44 6.4 -1.6
DFIC Dimensional International Core Equity 2 ETF 0.6 23 27 6.4 -1.6
SPEU SPDR Portfolio Europe ETF 0.6 7 43 6.3 -1.6
OCEN IQ Clean Oceans ETF 0.6 45 5 5.0 -2.9
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 41 6.2 -1.7
TTAI FCF International Quality ETF 0.6 59 -9 6.5 -1.5
IQSI IQ Candriam International Equity ETF 0.6 15 35 5.6 -2.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 41 6.9 -1.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -30 3.5 -4.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.2 -1.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.7 -3.2
FLEE Franklin FTSE Europe ETF 0.5 9 41 6.3 -1.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.5 58 -8 7.2 -0.7
SMOG VanEck Low Carbon Energy ETF 0.5 61 -11 1.5 -6.5
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 5.5 -2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 5.3 -2.7
FDEV Fidelity International Multifactor ETF 0.5 18 32 6.6 -1.3
DTH WisdomTree International High Dividend Fund 0.5 58 -8 7.5 -0.5
EFV iShares MSCI EAFE Value ETF 0.5 34 16 7.8 -0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 26 6.4 -1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.4 12 38 5.0 -3.0
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -8 7.2 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 25 6.4 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 8.2 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 30 5.8 -2.1
AVIV Avantis International Large Cap Value ETF 0.4 25 25 7.5 -0.5
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 8.7 +0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 20 6.6 -1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 13 7.3 -0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 21 6.9 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.4 46 4 5.9 -2.1
IEFA iShares Core MSCI EAFE ETF 0.4 7 43 6.1 -1.9
IEV iShares Europe ETF 0.4 67 -17 5.8 -2.2
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 6.1 -1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 11 6.8 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 7.5 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 10 6.4 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 11 5.8 -2.2
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 46 6.1 -1.9
AVSD Avantis Responsible International Equity ETF 0.4 23 27 4.7 -3.3
BKIE BNY Mellon International Equity ETF 0.4 4 46 6.0 -1.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 11 9.0 +1.0
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 8.3 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 47 6.0 -1.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 9.5 +1.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 5.2 -2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 5.8 -2.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 8.3 +0.4
AVDE Avantis International Equity ETF 0.3 23 27 6.4 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.4 -2.5
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 6.1 -1.8
IGRO iShares International Dividend Growth ETF 0.3 15 35 6.3 -1.7
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.3 -7.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 30 6.0 -2.0
JXI iShares Global Utilities ETF 0.3 43 7 5.4 -2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -33 8.0 +0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 28 5.6 -2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 25 6.2 -1.7
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 6.5 -1.4
IXC iShares Global Energy ETF 0.3 44 6 9.4 +1.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 5.7 -2.2
DWM WisdomTree International Equity Fund 0.3 48 2 6.4 -1.6
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 27 7.4 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 20 6.0 -1.9
EFA iShares MSCI EAFE ETF 0.3 35 15 5.8 -2.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 14 5.8 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 1 4.8 -3.2
SCHF Schwab International Equity ETF 0.3 6 44 6.2 -1.7
IXG iShares Global Financials ETF 0.3 42 8 5.8 -2.1
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 2 6.1 -1.8
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 6.7 -1.2
VSGX Vanguard ESG International Stock ETF 0.2 10 40 6.7 -1.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 30 5.4 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 6.5 -1.5
VXUS Vanguard Total International Stock ETF 0.2 5 45 6.8 -1.1
DFIV Dimensional International Value ETF 0.2 27 23 8.1 +0.2
INEQ Columbia International Equity Income ETF 0.2 45 5 7.5 -0.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.2 -3.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.5 -1.5
STXI Strive International Developed Markets ETF 0.2 29 21 5.7 -2.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 19 5.8 -2.2
DIHP Dimensional International High Profitability ETF 0.2 29 21 5.8 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 6.9 -1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 30 5.6 -2.4
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.6 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.3 -2.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 8 5.5 -2.4
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.9 -2.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 8.0 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 16 6.5 -1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 6.3 -1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 9 6.4 -1.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 20 5.3 -2.6
GWX SPDR S&P International Small Cap ETF 0.1 40 10 5.9 -2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 36 5.5 -2.4
PRNT 3D Printing ETF 0.1 66 -16 1.6 -6.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 11 7.6 -0.4
IFGL iShares International Developed Real Estate ETF 0.1 48 2 6.5 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.3 -3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 4.8 -3.2
DWMF WisdomTree International Multifactor Fund 0.1 38 12 6.4 -1.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 4.7 -3.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.1 -2.8
VT Vanguard Total World Stock ETF 0.1 6 44 5.1 -2.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 4.5 -3.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.9 -3.1
TOK iShares MSCI Kokusai ETF 0.1 26 24 4.3 -3.7
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 3.6 -4.3
URTH iShares MSCI World ETF 0.1 24 26 4.4 -3.6
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.7 -3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.8 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 30 5.3 -2.6
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 7.0 -0.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -8 3.9 -4.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 8.2 +0.2

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 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.0 %
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.