iShares MSCI Austria ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 15.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 2.7%


  • 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) $174
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 24.9 %
BAWAG GROUP AG 10.1 %
OMV AG 9.6 %
RAIFFEISEN INTL BANK HOLDING 5.4 %
AUSTRIA TECHNOLOGIE & SYSTEM 5.0 %
ANDRITZ AG 4.4 %
VOESTALPINE AG 4.3 %
VIENNA INSURANCE GROUP 4.0 %
VERBUND AG 4.0 %
UNIQA VERSICHERUNGEN AG 3.7 %
Total 75.3 %

TOP COUNTRY EXPOSURE
AUSTRIA 98.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.8% 46.9% 17.5% 15.5% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 0.97 39%
MSCI EAFE 1.00 64%
MSCI Emg. Mkts. 0.56 42%

Technical Indicators
Recent close $41.38
30d moving avg. $42.19
Annualized volatility 18.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 69
Turnover 1.6%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 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 12.4 68 -18 8.6 +1.2
FEUZ First Trust Eurozone AlphaDEX ETF 4.4 80 -30 6.6 -0.8
CRAK VanEck Oil Refiners ETF 4.3 61 -11 8.3 +0.9
RNRG Global X Renewable Energy Producers ETF 4.0 66 -16 4.7 -2.7
AVDV Avantis International Small Cap Value ETF 3.2 36 14 7.9 +0.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.8 70 -20 4.1 -3.3
UIVM VictoryShares International Value Momentum ETF 2.8 35 15 8.0 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.8 58 -8 6.4 -1.0
WWJD Inspire International ETF 2.5 80 -30 6.4 -1.0
FEP First Trust Europe AlphaDEX Fund 2.4 80 -30 6.9 -0.5
IVAL Alpha Architect International Quantitative Value ETF 2.2 49 1 7.6 +0.3
SLX VanEck Steel ETF 2.2 56 -6 10.4 +3.0
IDOG ALPS International Sector Dividend Dogs ETF 2.2 50 0 9.3 +1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.2 58 -8 5.2 -2.1
IDV iShares International Select Dividend ETF 2.1 51 -1 9.2 +1.8
IQDG WisdomTree International Quality Dividend Growth Fund 2.1 42 8 5.7 -1.6
FRNW Fidelity Clean Energy ETF 2.1 39 11 2.0 -5.3
IEUS iShares MSCI Europe Small-Cap ETF 2.0 42 8 6.8 -0.5
DIM WisdomTree International MidCap Dividend Fund 2.0 58 -8 6.3 -1.1
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -7 7.1 -0.3
EUFN iShares MSCI Europe Financials ETF 1.8 51 -1 6.5 -0.9
IBOT Vaneck Robotics ETF 1.6 47 3 3.3 -4.1
JHID John Hancock International High Dividend ETF 1.6 46 4 7.8 +0.4
JIG JPMorgan International Growth ETF 1.6 55 -5 3.7 -3.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 56 -6 9.5 +2.2
AVDS Avantis International Small Cap Equity ETF 1.4 30 20 6.1 -1.3
DFIS Dimensional International Small Cap ETF 1.3 39 11 6.2 -1.2
QINT American Century Quality Diversified International ETF 1.3 39 11 6.6 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 5 5.4 -2.0
BLES Inspire Global Hope ETF 1.2 61 -11 5.7 -1.7
BINV Brandes International ETF 1.2 70 -20 8.4 +1.0
IDMO Invesco S&P International Developed Momentum ETF 1.1 25 25 5.2 -2.2
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 -9 10.1 +2.7
FPXI First Trust International Equity Opportunities ETF 1.1 70 -20 4.0 -3.4
DISV Dimensional International Small Cap Value ETF 1.1 42 8 8.1 +0.7
EZU iShares MSCI Eurozone ETF 1.0 52 -2 5.6 -1.8
HEZU iShares Currency Hedged MSCI Eurozone ETF 1.0 53 -3 5.4 -2.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.9 58 -8 9.1 +1.7
TPIF Timothy Plan International ETF 0.9 62 -12 5.6 -1.8
DWMF WisdomTree International Multifactor Fund 0.9 38 12 6.8 -0.6
SCHC Schwab International Small-Cap Equity ETF 0.9 11 39 6.8 -0.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 10 6.2 -1.2
PBD Invesco Global Clean Energy ETF 0.9 75 -25 0.4 -7.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 -5 6.1 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.8 22 28 5.6 -1.7
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 -8 6.0 -1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.7 80 -30 3.8 -3.6
FIVA Fidelity International Value Factor ETF 0.7 18 32 7.2 -0.2
IEUR iShares Core MSCI Europe ETF 0.7 11 39 6.4 -1.0
INTF iShares International Equity Factor ETF 0.7 15 35 6.5 -0.9
VGK Vanguard FTSE Europe ETF 0.7 6 44 6.5 -0.9
DFIC Dimensional International Core Equity 2 ETF 0.7 23 27 6.2 -1.1
SPEU SPDR Portfolio Europe ETF 0.7 7 43 6.5 -0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 42 6.5 -0.9
DXIV Dimensional International Vector Equity ETF 0.6 34 16 6.6 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 41 6.2 -1.2
CIL VictoryShares International Volatility Wtd ETF 0.6 45 5 5.9 -1.5
CUT Invesco MSCI Global Timber ETF 0.6 61 -11 8.0 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 25 6.3 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 1 6.1 -1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 38 4.9 -2.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 -8 7.7 +0.3
FLEE Franklin FTSE Europe ETF 0.6 9 41 6.3 -1.1
TTAI FCF International Quality ETF 0.6 59 -9 6.9 -0.5
ICLN iShares Global Clean Energy ETF 0.5 41 9 2.1 -5.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.8 -0.6
IQSI IQ Candriam International Equity ETF 0.5 15 35 5.6 -1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 4 5.3 -2.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.7 -2.6
IEV iShares Europe ETF 0.5 67 -17 5.9 -1.5
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 20 8.0 +0.6
CGW Invesco S&P Global Water Index ETF 0.5 57 -7 4.5 -2.9
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 26 5.6 -1.8
AVIV Avantis International Large Cap Value ETF 0.5 25 25 6.9 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.5 39 11 6.3 -1.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.5 30 20 6.0 -1.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.5 20 30 5.7 -1.7
AVSD Avantis Responsible International Equity ETF 0.5 23 27 5.9 -1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 20 6.5 -0.9
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 -0.9
EFV iShares MSCI EAFE Value ETF 0.5 34 16 7.4 +0.0
VIDI Vident International Equity Strategy ETF 0.4 61 -11 8.4 +1.0
VYMI Vanguard International High Dividend Yield ETF 0.4 17 33 7.8 +0.4
SMOG VanEck Low Carbon Energy ETF 0.4 61 -11 1.4 -6.0
AVDE Avantis International Equity ETF 0.4 23 27 6.2 -1.2
IEFA iShares Core MSCI EAFE ETF 0.4 7 43 6.0 -1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 26 6.9 -0.5
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -8 7.5 +0.1
DFAI Dimensional International Core Equity Market ETF 0.4 18 32 6.0 -1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 11 7.0 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 30 5.8 -1.6
FDEV Fidelity International Multifactor ETF 0.4 18 32 7.1 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 25 7.4 0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 25 6.1 -1.3
JHMD John Hancock Multifactor Developed International ETF 0.4 39 11 6.2 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 5 6.8 -0.6
BKIE BNY Mellon International Equity ETF 0.4 4 46 17.9 +10.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 13 7.1 -0.3
INEQ Columbia International Equity Income ETF 0.4 45 5 7.7 +0.3
GWX SPDR S&P International Small Cap ETF 0.4 40 10 6.1 -1.3
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 27 7.3 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 46 6.0 -1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 15 5.7 -1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 38 5.3 -2.1
EFA iShares MSCI EAFE ETF 0.4 35 15 5.7 -1.7
HEFA iShares Currency Hedged MSCI EAFE ETF 0.4 35 15 5.6 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 47 5.9 -1.5
IXG iShares Global Financials ETF 0.4 42 8 5.8 -1.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 11 8.6 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 41 7.5 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 30 5.6 -1.8
VEA Vanguard FTSE Developed Markets ETF 0.3 3 47 6.0 -1.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.4 -2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 14 5.1 -2.3
IGRO iShares International Dividend Growth ETF 0.3 15 35 6.6 -0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 30 5.6 -1.8
WSML iShares MSCI World Small-Cap ETF 0.3 15 35 5.3 -2.0
DWM WisdomTree International Equity Fund 0.3 48 2 5.6 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 10 5.6 -1.8
IXC iShares Global Energy ETF 0.3 44 6 7.4 0.0
SCHF Schwab International Equity ETF 0.3 6 44 5.9 -1.4
DFIV Dimensional International Value ETF 0.3 27 23 7.7 +0.3
EFG iShares MSCI EAFE Growth ETF 0.3 36 14 3.8 -3.6
VSGX Vanguard ESG International Stock ETF 0.3 10 40 6.6 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 21 7.0 -0.4
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 6.6 -0.8
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.3 -7.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 11 8.6 +1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 5.3 -2.1
OCEN IQ Clean Oceans ETF 0.3 45 5 4.6 -2.8
VXUS Vanguard Total International Stock ETF 0.2 5 45 6.7 -0.7
JXI iShares Global Utilities ETF 0.2 43 7 5.1 -2.3
FENI Fidelity Enhanced International ETF 0.2 28 22 5.8 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 6.4 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 1 4.6 -2.8
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.5 -0.9
DIHP Dimensional International High Profitability ETF 0.2 29 21 5.8 -1.6
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 2 5.6 -1.8
GLOF iShares Global Equity Factor ETF 0.2 20 30 5.6 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 16 6.4 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 46 6.7 -0.6
STXI Strive International Developed Markets ETF 0.2 29 21 6.3 -1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 30 5.6 -1.7
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.0 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -33 7.5 +0.1
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.0 -2.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 8.4 +1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 38 8.5 +1.1
FRGN Horizon International Equity ETF 0.1 75 -25 7.9 +0.5
IVSI Applied Finance IVS International Large ETF 0.1 65 -15 5.8 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 5.9 -1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 8 4.1 -3.2
SHPP Pacer Industrials and Logistics ETF 0.1 60 -10 6.6 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 16 5.2 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 4.8 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 4.0 -3.4
IFGL iShares International Developed Real Estate ETF 0.1 48 2 7.2 -0.2
VT Vanguard Total World Stock ETF 0.1 6 44 5.1 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 5.1 -2.2
TOK iShares MSCI Kokusai ETF 0.1 26 24 4.3 -3.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 4.5 -2.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 4.4 -3.0
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
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.9 -2.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 10 7.3 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.1 31 19 5.4 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 3 5.0 -2.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 5.7 -1.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 20 5.4 -1.9
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 6.6 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 6.9 -0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -8 3.7 -3.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.0 32 18 5.3 -2.1
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -39 4.3 -3.1

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 1.3 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		 1.66 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.