iShares MSCI Austria ETF
ALTAR
Score™		 14.1% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 7.9x P/Sales
ratio		 0.6x
P/BV
ratio		 0.9x Div.
yield		 5.5%


  • 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) $50
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) $12,160
Large cap (>$10bn) 47.0%
Mid cap ($2-10bn) 40.5%
Small cap (<$2bn) 12.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ERSTE GROUP BANK AG 25.4 %
OMV AG 11.8 %
VERBUND AG 10.8 %
BAWAG GROUP AG 5.0 %
RAIFFEISEN INTL BANK HOLDING 4.7 %
WIENERBERGER AG 4.3 %
ANDRITZ AG 4.2 %
VOESTALPINE AG 4.0 %
DO & CO AKTIENGESELLSCHAFT 3.9 %
VIENNA INSURANCE GROUP 3.4 %
Total 77.5 %

TOP COUNTRY EXPOSURE
AUSTRIA 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% 14.0% 3.9% 5.7% 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.96 51%
MSCI EAFE 1.14 74%
MSCI Emg. Mkts. 0.91 46%

Technical Indicators
Recent close $20.95
30d moving avg. $22.15
Annualized volatility 23.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.7%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $103

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™: 14.1%


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 8.7 68 -18 13.1 -1.0
RNRG Global X Renewable Energy Producers ETF 6.3 66 -16 5.5 -8.5
FEUZ First Trust Eurozone AlphaDEX ETF 5.7 80 -30 6.7 -7.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.1 58 -8 9.2 -4.8
CRAK VanEck Oil Refiners ETF 4.8 61 -11 14.7 +0.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.3 75 -25 7.9 -6.1
FEP First Trust Europe AlphaDEX Fund 3.6 80 -30 7.8 -6.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.5 39 11 12.1 -2.0
FRNW Fidelity Clean Energy ETF 2.9 39 11 2.6 -11.5
BOTT Themes Robotics & Automation ETF 2.9 35 15 4.7 -9.3
IWTR iShares MSCI Water Management Multisector ETF 2.3 47 3 5.0 -9.1
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 12.8 -1.2
BINV Brandes International ETF 1.9 70 -20 8.5 -5.6
IEUS iShares MSCI Europe Small-Cap ETF 1.8 42 8 6.4 -7.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -30 9.1 -5.0
FIDI Fidelity International High Dividend ETF 1.8 18 32 10.9 -3.1
CID VictoryShares International High Div Volatility Wtd ETF 1.6 45 5 11.9 -2.1
EFAS Global X MSCI SuperDividend EAFE ETF 1.6 57 -7 10.3 -3.8
QINT American Century Quality Diversified International ETF 1.5 39 11 7.7 -6.4
WWJD Inspire International ETF 1.4 80 -30 7.3 -6.8
IDLV Invesco S&P International Developed Low Volatility ETF 1.4 25 25 6.2 -7.8
DIM WisdomTree International MidCap Dividend Fund 1.3 58 -8 7.7 -6.4
IDV iShares International Select Dividend ETF 1.2 51 -1 12.2 -1.8
ICLN iShares Global Clean Energy ETF 1.2 41 9 6.0 -8.1
DTH WisdomTree International High Dividend Fund 1.2 58 -8 10.1 -3.9
UIVM VictoryShares International Value Momentum ETF 1.1 35 15 11.0 -3.0
EQIN Columbia US Equity Income ETF 1.1 35 15 8.3 -5.8
DFIS Dimensional International Small Cap ETF 1.1 39 11 6.9 -7.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 5 6.5 -7.5
PBD Invesco Global Clean Energy ETF 1.0 75 -25 -5.3 -19.3
VWID Virtus WMC International Dividend ETF 0.9 49 1 9.6 -4.5
IBOT Vaneck Robotics ETF 0.9 47 3 4.1 -9.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -6 13.5 -0.6
TPIF Timothy Plan International ETF 0.9 62 -12 6.8 -7.3
EUFN iShares MSCI Europe Financials ETF 0.9 51 -1 8.1 -5.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 10 6.6 -7.5
SCHC Schwab International Small-Cap Equity ETF 0.8 11 39 6.6 -7.5
INTF iShares International Equity Factor ETF 0.8 15 35 8.2 -5.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.7 25 25 7.2 -6.9
BLES Inspire Global Hope ETF 0.7 61 -11 6.4 -7.6
DWMF WisdomTree International Multifactor Fund 0.7 38 12 7.4 -6.6
CIL VictoryShares International Volatility Wtd ETF 0.7 45 5 7.0 -7.1
SMOG VanEck Low Carbon Energy ETF 0.7 61 -11 2.4 -11.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.7 40 10 7.9 -6.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.7 51 -1 7.1 -7.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -15 8.2 -5.9
DWM WisdomTree International Equity Fund 0.7 48 2 8.0 -6.1
EATV VegTech Plant-based Innovation & Climate ETF 0.7 75 -25 2.1 -11.9
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -33 11.1 -3.0
CGW Invesco S&P Global Water Index ETF 0.6 57 -7 4.4 -9.7
WDNA WisdomTree BioRevolution Fund 0.6 45 5 -3.8 -17.8
EZU iShares MSCI Eurozone ETF 0.6 52 -2 6.6 -7.4
TTAI FCF International Quality ETF 0.6 59 -9 5.6 -8.5
FLEU Franklin FTSE Eurozone ETF 0.6 9 41 7.3 -6.8
IQIN IQ 500 International ETF 0.6 25 25 9.2 -4.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 43 6.7 -7.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -20 3.5 -10.5
DISV Dimensional International Small Cap Value ETF 0.5 42 8 9.1 -4.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 -15 0.2 -13.8
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 2 7.9 -6.1
TEMP JPMorgan Climate Change Solutions ETF 0.5 49 1 5.5 -8.6
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 25 5.9 -8.2
IEUR iShares Core MSCI Europe ETF 0.5 11 39 7.1 -7.0
OCEN IQ Clean Oceans ETF 0.5 45 5 6.1 -8.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.5 29 21 8.6 -5.5
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 -5 9.7 -4.4
SPEU SPDR Portfolio Europe ETF 0.5 7 43 7.1 -7.0
VGK Vanguard FTSE Europe ETF 0.5 11 39 7.1 -7.0
DFIC Dimensional International Core Equity 2 ETF 0.4 23 27 7.7 -6.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 7.2 -6.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 7.0 -7.1
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 41 7.1 -7.0
VIDI Vident International Equity Strategy ETF 0.4 61 -11 10.2 -3.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 25 7.2 -6.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 9.9 -4.2
XT iShares Exponential Technologies ETF 0.4 46 4 4.8 -9.3
HEDJ WisdomTree Europe Hedged Equity Fund 0.4 58 -8 9.5 -4.6
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 20 11.4 -2.6
JXI iShares Global Utilities ETF 0.4 43 7 5.9 -8.1
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 9.2 -4.9
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 26 6.5 -7.6
RODE Hartford Multifactor Diversified International ETF 0.4 29 21 11.8 -2.3
IQSI IQ Candriam International Equity ETF 0.3 15 35 6.6 -7.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 25 9.9 -4.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.3 12 38 5.5 -8.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 19 6.7 -7.4
EFV iShares MSCI EAFE Value ETF 0.3 34 16 9.4 -4.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -33 10.0 -4.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 1 5.6 -8.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 30 7.0 -7.1
FLEE Franklin FTSE Europe ETF 0.3 9 41 7.2 -6.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 6.9 -7.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 5 8.9 -5.1
IEV iShares Europe ETF 0.3 67 -17 6.6 -7.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 4 6.5 -7.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 40 7.7 -6.4
DEW WisdomTree Global High Dividend Fund 0.3 58 -8 8.5 -5.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 41 8.1 -5.9
GLOF iShares Global Equity Factor ETF 0.3 20 30 7.0 -7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 20 8.0 -6.1
IEFA iShares Core MSCI EAFE ETF 0.3 7 43 7.1 -6.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 15 6.6 -7.4
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 1.7 -12.3
VYMI Vanguard International High Dividend Yield ETF 0.3 22 28 9.8 -4.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 11 7.4 -6.6
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 10 10.1 -4.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 5.9 -8.2
AVDV Avantis International Small Cap Value ETF 0.3 36 14 8.1 -5.9
AVIV Avantis International Large Cap Value ETF 0.3 25 25 9.0 -5.1
BKIE BNY Mellon International Equity ETF 0.3 4 46 7.1 -7.0
DFAI Dimensional International Core Equity Market ETF 0.3 18 32 7.3 -6.8
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 46 7.1 -7.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 20 6.3 -7.7
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -9 7.4 -6.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 30 6.9 -7.1
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -8 8.8 -5.3
AVDE Avantis International Equity ETF 0.3 23 27 8.1 -6.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 7.2 -6.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 11 11.0 -3.0
VEA Vanguard FTSE Developed Markets ETF 0.2 5 45 7.3 -6.7
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 20 6.2 -7.8
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 6.5 -7.6
AVSD Avantis Responsible International Equity ETF 0.2 23 27 7.1 -7.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 11 9.6 -4.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -8 6.5 -7.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 11 7.5 -6.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -8 10.7 -3.3
IXC iShares Global Energy ETF 0.2 44 6 8.7 -5.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 11 12.8 -1.2
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.9 -9.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 30 7.1 -7.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 26 8.7 -5.4
DIHP Dimensional International High Profitability ETF 0.2 29 21 7.6 -6.4
EFA iShares MSCI EAFE ETF 0.2 35 15 6.9 -7.2
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.5 -7.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.6 -7.5
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.8 -6.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 7.2 -6.9
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 27 9.1 -4.9
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 13 8.9 -5.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -8 6.4 -7.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 36 6.2 -7.9
VXUS Vanguard Total International Stock ETF 0.2 7 43 7.2 -6.9
SCHF Schwab International Equity ETF 0.2 6 44 7.5 -6.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 20 7.3 -6.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.5 -7.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 8.3 -5.8
VSGX Vanguard ESG International Stock ETF 0.2 12 38 6.8 -7.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 5 5.7 -8.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 7.0 -7.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 8 6.8 -7.3
IXG iShares Global Financials ETF 0.2 42 8 6.2 -7.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.9 -7.1
DFIV Dimensional International Value ETF 0.1 27 23 10.0 -4.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 42 7.3 -6.8
IFGL iShares International Developed Real Estate ETF 0.1 48 2 6.9 -7.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.0 -7.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.4 -6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.4 -8.7
FENI Fidelity Enhanced International ETF 0.1 28 22 8.1 -6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.8 -9.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 5.1 -8.9
PRNT 3D Printing ETF 0.1 66 -16 0.7 -13.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 17 8.2 -5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.2 -8.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -8 4.6 -9.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.6 -8.4
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 0 6.1 -7.9
EFG iShares MSCI EAFE Growth ETF 0.1 36 14 4.5 -9.5
VT Vanguard Total World Stock ETF 0.1 7 43 5.5 -8.5
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 20 6.5 -7.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.9 -8.1
TOK iShares MSCI Kokusai ETF 0.1 26 24 5.0 -9.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.5 -8.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.2 -8.9
URTH iShares MSCI World ETF 0.0 24 26 5.2 -8.9
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.3 -8.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 16 5.9 -8.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.0 24 26 7.1 -6.9
BLLD JPMorgan Sustainable Infrastructure ETF 0.0 49 1 5.7 -8.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 11.6 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 14.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.60
 
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.