iShares MSCI Austria ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 16.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 2.5%


  • 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) $198
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) $16,577
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 23.5 %
BAWAG GROUP AG 11.4 %
OMV AG 9.6 %
AUSTRIA TECHNOLOGIE & SYSTEM 4.9 %
RAIFFEISEN INTL BANK HOLDING 4.7 %
ANDRITZ AG 4.6 %
VERBUND AG 4.6 %
VOESTALPINE AG 4.6 %
VIENNA INSURANCE GROUP 4.3 %
UNIQA VERSICHERUNGEN AG 3.6 %
Total 75.8 %

TOP COUNTRY EXPOSURE
AUSTRIA 98.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.7% 45.9% 17.2% 14.9% 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 43%
MSCI EAFE 1.00 64%
MSCI Emg. Mkts. 0.53 45%

Technical Indicators
Recent close $44.04
30d moving avg. $42.67
Annualized volatility 18.1%
Short interest (ETF) 3.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 63
Turnover 1.4%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 174 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™: 7.0%


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
(%)
FEUZ First Trust Eurozone AlphaDEX ETF 4.6 80 -30 6.7 -0.3
RNRG Global X Renewable Energy Producers ETF 4.6 66 -16 5.1 -1.9
CRAK VanEck Oil Refiners ETF 4.1 61 -11 6.9 -0.1
AVDV Avantis International Small Cap Value ETF 3.2 36 14 7.5 +0.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.0 70 -20 4.2 -2.8
UIVM VictoryShares International Value Momentum ETF 2.8 35 15 7.9 +0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.8 58 -8 6.6 -0.4
WWJD Inspire International ETF 2.5 80 -30 6.3 -0.7
FEP First Trust Europe AlphaDEX Fund 2.5 80 -30 7.0 0.0
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 0 9.3 +2.3
IDV iShares International Select Dividend ETF 2.2 51 -1 9.3 +2.3
SLX VanEck Steel ETF 2.2 56 -6 10.4 +3.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.2 58 -8 5.3 -1.6
EFAS Global X MSCI SuperDividend EAFE ETF 2.1 57 -7 7.2 +0.2
IQDG WisdomTree International Quality Dividend Growth Fund 2.1 42 8 5.8 -1.2
FRNW Fidelity Clean Energy ETF 2.1 39 11 2.2 -4.8
IEUS iShares MSCI Europe Small-Cap ETF 2.0 42 8 6.9 -0.1
DIM WisdomTree International MidCap Dividend Fund 2.0 58 -8 6.3 -0.7
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 1 7.4 +0.5
EUFN iShares MSCI Europe Financials ETF 1.8 51 -1 6.6 -0.4
IBOT Vaneck Robotics ETF 1.7 47 3 3.3 -3.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 -6 9.7 +2.7
JHID John Hancock International High Dividend ETF 1.6 46 4 7.9 +0.9
JIG JPMorgan International Growth ETF 1.6 55 -5 3.6 -3.4
AVDS Avantis International Small Cap Equity ETF 1.4 30 20 5.9 -1.1
QINT American Century Quality Diversified International ETF 1.3 39 11 6.5 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 5 5.5 -1.5
DFIS Dimensional International Small Cap ETF 1.2 39 11 6.1 -0.9
BLES Inspire Global Hope ETF 1.2 61 -11 5.8 -1.2
BINV Brandes International ETF 1.2 70 -20 8.4 +1.4
FPXI First Trust International Equity Opportunities ETF 1.2 70 -20 4.2 -2.8
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 -9 9.7 +2.7
IDMO Invesco S&P International Developed Momentum ETF 1.1 25 25 5.1 -1.9
HEZU iShares Currency Hedged MSCI Eurozone ETF 1.1 53 -3 5.4 -1.6
EZU iShares MSCI Eurozone ETF 1.1 52 -2 5.7 -1.3
JIVE JPMorgan International Value ETF 1.0 55 -5 7.9 +0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.0 22 28 5.6 -1.4
DISV Dimensional International Small Cap Value ETF 1.0 42 8 7.8 +0.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.9 58 -8 9.2 +2.2
DWMF WisdomTree International Multifactor Fund 0.9 38 12 6.9 -0.1
TPIF Timothy Plan International ETF 0.9 62 -12 5.6 -1.4
SCHC Schwab International Small-Cap Equity ETF 0.9 11 39 6.5 -0.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 10 6.1 -0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 6.1 -0.9
PBD Invesco Global Clean Energy ETF 0.9 75 -25 0.4 -6.6
IEUR iShares Core MSCI Europe ETF 0.7 11 39 6.5 -0.5
INTF iShares International Equity Factor ETF 0.7 15 35 6.4 -0.6
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 -8 6.1 -0.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.7 80 -30 3.7 -3.3
FIVA Fidelity International Value Factor ETF 0.7 18 32 7.2 +0.3
VGK Vanguard FTSE Europe ETF 0.7 6 44 6.6 -0.3
SPEU SPDR Portfolio Europe ETF 0.7 7 43 6.6 -0.4
DFIC Dimensional International Core Equity 2 ETF 0.7 23 27 6.2 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 42 6.3 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 41 6.3 -0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 38 4.8 -2.2
CUT Invesco MSCI Global Timber ETF 0.6 61 -11 8.3 +1.3
DXIV Dimensional International Vector Equity ETF 0.6 34 16 6.5 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 25 6.4 -0.6
ICLN iShares Global Clean Energy ETF 0.6 41 9 2.2 -4.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 1 6.0 -1.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 -8 7.7 +0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.6 30 20 6.0 -1.0
FLEE Franklin FTSE Europe ETF 0.6 9 41 6.4 -0.6
IEV iShares Europe ETF 0.6 67 -17 6.0 -1.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.7 -0.3
IQSI IQ Candriam International Equity ETF 0.5 15 35 5.6 -1.4
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 20 7.9 +0.9
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.6 -2.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 4 5.4 -1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 5.6 -1.4
CGW Invesco S&P Global Water Index ETF 0.5 57 -7 4.7 -2.3
AVIV Avantis International Large Cap Value ETF 0.5 25 25 6.8 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.5 39 11 6.2 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 20 6.3 -0.7
AVSD Avantis Responsible International Equity ETF 0.5 23 27 5.9 -1.1
EFV iShares MSCI EAFE Value ETF 0.5 34 16 7.4 +0.4
VYMI Vanguard International High Dividend Yield ETF 0.5 17 33 7.8 +0.8
DTH WisdomTree International High Dividend Fund 0.5 58 -8 7.2 +0.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 41 6.5 -0.5
IEFA iShares Core MSCI EAFE ETF 0.5 7 43 6.0 -1.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 6.0 -1.0
SMOG VanEck Low Carbon Energy ETF 0.4 61 -11 1.4 -5.6
AVDE Avantis International Equity ETF 0.4 23 27 6.2 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 7.2 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 26 6.9 -0.1
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -8 7.3 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 11 6.9 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 30 5.8 -1.2
FDEV Fidelity International Multifactor ETF 0.4 18 32 7.2 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 25 6.1 -0.9
JHMD John Hancock Multifactor Developed International ETF 0.4 39 11 6.2 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 30 5.7 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 46 6.0 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 6.7 -0.3
BKIE BNY Mellon International Equity ETF 0.4 4 46 17.8 +10.8
INEQ Columbia International Equity Income ETF 0.4 45 5 7.8 +0.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 13 7.0 +0.1
HEFA iShares Currency Hedged MSCI EAFE ETF 0.4 35 15 5.6 -1.4
EFA iShares MSCI EAFE ETF 0.4 35 15 5.7 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 38 5.3 -1.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 15 5.6 -1.4
VIDI Vident International Equity Strategy ETF 0.4 61 -11 8.1 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 47 5.8 -1.2
GWX SPDR S&P International Small Cap ETF 0.4 40 10 5.7 -1.2
IXG iShares Global Financials ETF 0.4 42 8 6.0 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.4 20 30 5.6 -1.4
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 27 7.2 +0.2
VEA Vanguard FTSE Developed Markets ETF 0.4 3 47 5.9 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 7.7 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 11 8.2 +1.2
IGRO iShares International Dividend Growth ETF 0.3 15 35 6.7 -0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.5 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 14 5.1 -1.9
WSML iShares MSCI World Small-Cap ETF 0.3 15 35 5.4 -1.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 30 5.5 -1.4
IXC iShares Global Energy ETF 0.3 44 6 7.0 +0.0
DFIV Dimensional International Value ETF 0.3 27 23 7.6 +0.6
SCHF Schwab International Equity ETF 0.3 6 44 5.8 -1.1
EFG iShares MSCI EAFE Growth ETF 0.3 36 14 3.9 -3.1
DWM WisdomTree International Equity Fund 0.3 48 2 5.6 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 10 5.7 -1.3
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.2 -6.8
VSGX Vanguard ESG International Stock ETF 0.3 10 40 6.5 -0.5
JXI iShares Global Utilities ETF 0.3 43 7 5.7 -1.2
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 6.5 -0.5
VXUS Vanguard Total International Stock ETF 0.3 5 45 6.6 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 21 7.0 0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 5.3 -1.7
OCEN IQ Clean Oceans ETF 0.3 45 5 4.7 -2.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 11 8.3 +1.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.4 -0.6
DIHP Dimensional International High Profitability ETF 0.2 29 21 5.8 -1.2
FENI Fidelity Enhanced International ETF 0.2 28 22 5.7 -1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 6.3 -0.7
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.4 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 16 6.3 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 6.6 -0.4
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 2 5.5 -1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 1 4.7 -2.3
STXI Strive International Developed Markets ETF 0.2 29 21 6.4 -0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 30 5.6 -1.4
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.2 +0.2
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.1 -1.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 9.1 +2.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 9.0 +2.1
FRGN Horizon International Equity ETF 0.2 75 -25 7.7 +0.8
IVSI Applied Finance IVS International Large ETF 0.1 65 -15 5.9 -1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 5.9 -1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 8 4.2 -2.8
PRNT 3D Printing ETF 0.1 66 -16 1.2 -5.8
SHPP Pacer Industrials and Logistics ETF 0.1 60 -10 6.9 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 16 5.3 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 4.7 -2.3
IFGL iShares International Developed Real Estate ETF 0.1 48 2 8.0 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.1 -1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 3.9 -3.1
VT Vanguard Total World Stock ETF 0.1 6 44 5.0 -2.0
TOK iShares MSCI Kokusai ETF 0.1 26 24 4.3 -2.7
URTH iShares MSCI World ETF 0.1 24 26 4.3 -2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.4 -2.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 4.4 -2.6
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.6 -2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.8 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 5.7 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.2 -1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.1 31 19 5.4 -1.6
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 10 7.4 +0.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 20 5.5 -1.5
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 7.3 +0.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 6.6 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -8 3.7 -3.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.0 32 18 5.3 -1.6
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -39 4.3 -2.7

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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.