iShares MSCI Austria ETF
ALTAR
Score™		 7.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.2x P/Sales
ratio		 1.0x
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) $143
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 21.3 %
BAWAG GROUP AG 12.3 %
OMV AG 9.7 %
VOESTALPINE AG 5.1 %
RAIFFEISEN INTL BANK HOLDING 4.9 %
VIENNA INSURANCE GROUP 4.6 %
WIENERBERGER AG 4.5 %
ANDRITZ AG 4.4 %
UNIQA VERSICHERUNGEN AG 3.9 %
AUSTRIA TECHNOLOGIE & SYSTEM 3.6 %
Total 74.4 %

TOP COUNTRY EXPOSURE
AUSTRIA 98.9 %










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 $38.25
30d moving avg. $37.64
Annualized volatility 18.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 56
Turnover 1.5%
Bid/Ask (% of price) 0.29%
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™: 7.8%


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 9.3 68 -18 8.6 +0.8
FEUZ First Trust Eurozone AlphaDEX ETF 5.8 80 -30 6.3 -1.5
CRAK VanEck Oil Refiners ETF 4.7 61 -11 9.8 +2.1
FEP First Trust Europe AlphaDEX Fund 4.1 80 -30 6.6 -1.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.4 75 -25 6.0 -1.8
RNRG Global X Renewable Energy Producers ETF 3.4 66 -16 4.3 -3.5
IEUS iShares MSCI Europe Small-Cap ETF 2.7 42 8 6.5 -1.3
WWJD Inspire International ETF 2.7 80 -30 6.0 -1.8
FRNW Fidelity Clean Energy ETF 2.5 39 11 1.9 -5.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.3 58 -8 5.9 -1.9
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 9.2 +1.4
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -7 7.3 -0.5
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 7.9 +0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.8 58 -8 5.2 -2.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.8 42 8 5.4 -2.4
QINT American Century Quality Diversified International ETF 1.8 39 11 6.4 -1.4
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.0 -1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.6 70 -20 3.9 -3.9
IBOT Vaneck Robotics ETF 1.5 47 3 3.4 -4.4
JHID John Hancock International High Dividend ETF 1.4 46 4 7.8 -0.0
IDV iShares International Select Dividend ETF 1.3 51 -1 8.8 +1.0
BLES Inspire Global Hope ETF 1.3 61 -11 5.7 -2.1
EUFN iShares MSCI Europe Financials ETF 1.3 51 -1 7.0 -0.8
DISV Dimensional International Small Cap Value ETF 1.2 42 8 7.7 -0.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 11 7.9 +0.1
DFIS Dimensional International Small Cap ETF 1.2 39 11 5.9 -1.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.2 45 5 5.5 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 56 -6 9.4 +1.6
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 10 5.9 -1.9
BINV Brandes International ETF 1.1 70 -20 8.0 +0.2
AVDV Avantis International Small Cap Value ETF 1.1 36 14 7.4 -0.4
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 10.2 +2.4
AVDS Avantis International Small Cap Equity ETF 1.0 30 20 5.8 -2.0
VWID Virtus WMC International Dividend ETF 1.0 49 1 7.1 -0.7
SCHC Schwab International Small-Cap Equity ETF 0.9 11 39 6.3 -1.5
TPIF Timothy Plan International ETF 0.9 62 -12 5.3 -2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 5.4 -2.4
FIVA Fidelity International Value Factor ETF 0.8 18 32 7.2 -0.6
INTF iShares International Equity Factor ETF 0.8 15 35 6.3 -1.5
IDMO Invesco S&P International Developed Momentum ETF 0.8 25 25 5.0 -2.8
EZU iShares MSCI Eurozone ETF 0.8 52 -2 5.4 -2.4
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.3 -7.5
DXIV Dimensional International Vector Equity ETF 0.7 34 16 6.3 -1.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 42 6.0 -1.8
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 -8 5.8 -2.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 7.5 -0.3
IEUR iShares Core MSCI Europe ETF 0.6 11 39 6.1 -1.7
CGW Invesco S&P Global Water Index ETF 0.6 57 -7 4.0 -3.8
CIL VictoryShares International Volatility Wtd ETF 0.6 45 5 5.7 -2.1
VGK Vanguard FTSE Europe ETF 0.6 6 44 6.3 -1.5
DFIC Dimensional International Core Equity 2 ETF 0.6 23 27 6.0 -1.8
SPEU SPDR Portfolio Europe ETF 0.6 7 43 6.2 -1.6
OCEN IQ Clean Oceans ETF 0.6 45 5 4.5 -3.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.6 80 -30 6.4 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 41 5.9 -1.9
TTAI FCF International Quality ETF 0.6 59 -9 6.5 -1.3
IQSI IQ Candriam International Equity ETF 0.6 15 35 5.3 -2.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 41 6.4 -1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -30 3.4 -4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 5.7 -2.1
FLEE Franklin FTSE Europe ETF 0.5 9 41 6.0 -1.8
VIDI Vident International Equity Strategy ETF 0.5 61 -11 8.1 +0.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.5 58 -8 7.2 -0.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.5 -3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.5 -1.3
FDEV Fidelity International Multifactor ETF 0.5 18 32 6.9 -0.9
DTH WisdomTree International High Dividend Fund 0.5 58 -8 7.0 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 5.4 -2.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 26 6.5 -1.3
EFV iShares MSCI EAFE Value ETF 0.4 34 16 7.3 -0.5
SMOG VanEck Low Carbon Energy ETF 0.4 61 -11 1.2 -6.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.4 12 38 4.9 -2.9
ICLN iShares Global Clean Energy ETF 0.4 41 9 1.9 -5.9
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -8 7.0 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 25 6.1 -1.7
WSML iShares MSCI World Small-Cap ETF 0.4 15 35 5.3 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 20 6.2 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 30 5.6 -2.2
AVIV Avantis International Large Cap Value ETF 0.4 25 25 6.7 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 7.4 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 13 6.7 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 21 6.9 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.4 46 4 5.4 -2.4
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 7.8 +0.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 5.8 -2.0
IEV iShares Europe ETF 0.4 67 -17 5.6 -2.2
IEFA iShares Core MSCI EAFE ETF 0.4 7 43 5.8 -2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 11 6.7 -1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 6.7 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.4 40 10 5.4 -2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 11 5.9 -1.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 11 7.7 -0.1
AVSD Avantis Responsible International Equity ETF 0.4 23 27 5.7 -2.1
BKIE BNY Mellon International Equity ETF 0.4 4 46 5.8 -2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 8.4 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 46 5.8 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 47 5.7 -2.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 33 7.8 -0.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 41 7.2 -0.5
IGRO iShares International Dividend Growth ETF 0.3 15 35 6.5 -1.3
AVDE Avantis International Equity ETF 0.3 23 27 6.0 -1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.5 -2.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 5.1 -2.7
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 5.8 -2.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 5.5 -2.3
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.4 -7.4
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 27 6.9 -0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 30 5.6 -2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 25 5.9 -1.9
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 5.9 -1.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 28 5.4 -2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -33 7.4 -0.4
IXC iShares Global Energy ETF 0.3 44 6 7.7 -0.1
DWM WisdomTree International Equity Fund 0.3 48 2 5.4 -2.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 20 5.8 -2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 14 5.3 -2.5
IXG iShares Global Financials ETF 0.3 42 8 6.3 -1.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 5.6 -2.2
EFA iShares MSCI EAFE ETF 0.3 35 15 5.5 -2.3
SCHF Schwab International Equity ETF 0.3 6 44 5.9 -1.9
JXI iShares Global Utilities ETF 0.3 43 7 4.8 -3.0
VSGX Vanguard ESG International Stock ETF 0.3 10 40 6.5 -1.3
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 2 5.5 -2.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 1 4.5 -3.3
DFIV Dimensional International Value ETF 0.2 27 23 7.6 -0.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 6.4 -1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 6.2 -1.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 30 5.4 -2.4
VXUS Vanguard Total International Stock ETF 0.2 5 45 6.5 -1.3
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.5 -3.3
INEQ Columbia International Equity Income ETF 0.2 45 5 7.3 -0.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.3 -1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 19 5.4 -2.4
DIHP Dimensional International High Profitability ETF 0.2 29 21 5.4 -2.4
STXI Strive International Developed Markets ETF 0.2 29 21 5.5 -2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 6.6 -1.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 30 5.4 -2.4
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.1 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.2 -2.6
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.7 -2.1
GWX SPDR S&P International Small Cap ETF 0.2 40 10 5.6 -2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 8 3.9 -3.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 16 6.2 -1.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 7.5 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 7.6 -0.2
PRNT 3D Printing ETF 0.2 66 -16 1.3 -6.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 9 6.0 -1.8
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 5.3 -2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 36 5.2 -2.6
IVSI Applied Finance IVS International LrgETF 0.1 65 -15 5.8 -2.0
IFGL iShares International Developed Real Estate ETF 0.1 48 2 6.5 -1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 4.8 -3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.5 -3.3
DWMF WisdomTree International Multifactor Fund 0.1 38 12 6.3 -1.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 4.3 -3.5
VT Vanguard Total World Stock ETF 0.1 6 44 5.1 -2.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.1 -2.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 4.5 -3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.9 -2.9
TOK iShares MSCI Kokusai ETF 0.1 26 24 4.4 -3.4
URTH iShares MSCI World ETF 0.1 24 26 4.4 -3.4
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 3.6 -4.2
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.7 -3.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 4.8 -3.0
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 6.6 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 30 5.5 -2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 6.8 -1.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -8 3.5 -4.3
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 32 0.0 -7.8

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 7.8 %
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.