iShares MSCI Spain ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 15.5x P/Sales
ratio		 1.6x
P/BV
ratio		 2.0x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Spain Index fund seeks investment results that correspond to the price and yield performance of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $2,283
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 23
Wgt avg mkt cap (mns) $94,267
Large cap (>$10bn) 96.0%
Mid cap ($2-10bn) 4.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BANCO SANTANDER SA 19.5 %
BANCO BILBAO VIZCAYA ARGENTA 14.2 %
IBERDROLA SA 12.0 %
CRITERIA CAIXACORP SA 4.7 %
REPSOL YPF SA 4.5 %
INDITEX 4.4 %
AMADEUS IT HOLDING SA-A SHS 4.1 %
GRUPO FERROVIAL 3.9 %
BANCO DE SABADELL SA 3.6 %
AENA SME SA 3.4 %
Total 74.5 %

TOP COUNTRY EXPOSURE
SPAIN 94.2 %
BRITAIN 1.7 %









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.
17.6% 34.7% 21.0% 12.5% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 42%
MSCI EAFE 1.05 76%
MSCI Emg. Mkts. 0.48 40%

Technical Indicators
Recent close $62.75
30d moving avg. $60.62
Annualized volatility 18.1%
Short interest (ETF) 1.6%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 318
Turnover 0.9%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $547

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 229 potential alternatives to the iShares MSCI Spain ETF ETF based on the alternatives' overlap in portfolio holdings with EWP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWP Expense: 50 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWP
Ticker Fund
Name		 Overlap1
vs EWP
(%)		 Expense
ratio
(bp)		 Savings
vs EWP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWP
(%)
EUFN iShares MSCI Europe Financials ETF 12.5 51 -1 6.3 +0.8
FEZ SPDR EURO STOXX 50 ETF 11.7 29 21 5.6 +0.1
HEZU iShares Currency Hedged MSCI Eurozone ETF 11.4 53 -3 5.4 -0.2
EZU iShares MSCI Eurozone ETF 11.4 52 -2 5.5 -0.0
IDMO Invesco S&P International Developed Momentum ETF 10.9 25 25 4.9 -0.6
IDV iShares International Select Dividend ETF 10.4 51 -1 8.8 +3.3
SMOG VanEck Low Carbon Energy ETF 9.5 61 -11 1.3 -4.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.3 45 5 5.4 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 8.4 57 -7 6.9 +1.4
JXI iShares Global Utilities ETF 8.3 43 7 5.4 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.8 58 -8 6.3 +0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.4 58 -8 5.2 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 7.3 42 8 5.6 +0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.3 56 -6 9.0 +3.5
CGIE Capital Group International Equity ETF 7.0 54 -4 4.4 -1.1
DOL WisdomTree International LargeCap Dividend Fund 6.9 48 2 5.4 -0.1
DTH WisdomTree International High Dividend Fund 6.9 58 -8 6.9 +1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 6.2 25 25 6.1 +0.6
IEV iShares Europe ETF 6.1 67 -17 5.7 +0.2
FLEE Franklin FTSE Europe ETF 5.9 9 41 6.2 +0.7
IMOM Alpha Architect International Quantitative Momentum ETF 5.7 49 1 4.5 -1.0
BBEU JPMorgan BetaBuilders Europe ETF 5.7 9 41 6.1 +0.6
VGK Vanguard FTSE Europe ETF 5.6 6 44 6.4 +0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.6 40 10 5.5 +0.0
DWM WisdomTree International Equity Fund 5.6 48 2 5.4 -0.1
IMTM iShares MSCI Intl Momentum Factor ETF 5.5 30 20 4.5 -1.0
IEUR iShares Core MSCI Europe ETF 5.5 11 39 6.2 +0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.5 46 4 5.3 -0.2
EFV iShares MSCI EAFE Value ETF 5.5 34 16 7.1 +1.6
SPEU SPDR Portfolio Europe ETF 5.3 7 43 6.3 +0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 5.2 55 -5 5.8 +0.3
FEUZ First Trust Eurozone AlphaDEX ETF 5.2 80 -30 6.4 +0.9
FENI Fidelity Enhanced International ETF 4.9 28 22 5.6 +0.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.8 9 41 7.4 +1.9
EUDV ProShares MSCI Europe Dividend Growers ETF 4.6 55 -5 5.7 +0.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.5 80 -30 5.3 -0.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.5 46 4 5.3 -0.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 4.5 48 2 4.8 -0.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.5 79 -29 3.7 -1.8
ESGD iShares ESG Aware MSCI EAFE ETF 4.4 20 30 5.5 +0.0
ICPY Tweedy, Browne International Insider Value ETF 4.3 80 -30 19.9 +14.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.3 80 -30 3.7 -1.9
VYMI Vanguard International High Dividend Yield ETF 4.3 17 33 7.5 +2.0
IVLU iShares MSCI Intl Value Factor ETF 4.2 30 20 7.6 +2.1
FDEV Fidelity International Multifactor ETF 4.2 18 32 6.9 +1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 4.2 31 19 5.3 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.2 39 11 6.0 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 4.1 20 30 5.4 -0.1
BKCI BNY Mellon Concentrated International ETF 4.1 80 -30 4.9 -0.6
IGF iShares Global Infrastructure ETF 4.1 41 9 4.4 -1.1
GII SPDR S&P Global Infrastructure ETF 4.1 40 10 4.4 -1.1
QINT American Century Quality Diversified International ETF 4.0 39 11 6.3 +0.8
JHMD John Hancock Multifactor Developed International ETF 4.0 39 11 6.0 +0.5
HEFA iShares Currency Hedged MSCI EAFE ETF 4.0 35 15 5.6 +0.1
IVAL Alpha Architect International Quantitative Value ETF 4.0 49 1 7.3 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 4.0 25 25 5.9 +0.4
EFA iShares MSCI EAFE ETF 3.9 35 15 5.5 +0.0
HAP VanEck Natural Resources ETF 3.9 50 0 6.2 +0.7
AWAY ETFMG Travel Tech ETF 3.9 76 -26 1.0 -4.5
CGDG Capital Group Dividend Growers ETF 3.9 47 3 5.1 -0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.9 35 15 5.4 -0.1
TPIF Timothy Plan International ETF 3.9 62 -12 5.4 -0.1
DWMF WisdomTree International Multifactor Fund 3.9 38 12 6.7 +1.2
INTF iShares International Equity Factor ETF 3.8 15 35 6.2 +0.7
QQLV Invesco QQQ Low Volatility ETF 3.8 25 25 4.2 -1.3
FAN First Trust Global Wind Energy ETF 3.8 60 -10 3.0 -2.5
JHID John Hancock International High Dividend ETF 3.8 46 4 7.5 +2.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.7 22 28 5.5 -0.0
JIRE JPMorgan International Research Enhanced Equity ETF 3.7 24 26 5.6 +0.1
UIVM VictoryShares International Value Momentum ETF 3.7 35 15 7.5 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.6 36 14 5.1 -0.4
VCLN Virtus Duff & Phelps Clean Energy ETF 3.5 59 -9 2.7 -2.8
IVSI Applied Finance IVS International Large ETF 3.5 65 -15 5.7 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 3.4 20 30 5.6 +0.1
OCEN IQ Clean Oceans ETF 3.4 45 5 4.6 -0.9
SUPL ProShares Supply Chain Logistics ETF 3.4 58 -8 7.6 +2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.4 30 20 5.8 +0.3
IEFA iShares Core MSCI EAFE ETF 3.4 7 43 5.8 +0.3
FEP First Trust Europe AlphaDEX Fund 3.4 80 -30 6.6 +1.1
STXI Strive International Developed Markets ETF 3.4 29 21 6.3 +0.8
IQLT iShares MSCI Intl Quality Factor ETF 3.3 30 20 5.3 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.3 14 36 5.1 -0.4
CLNR IQ Cleaner Transport ETF 3.3 45 5 4.0 -1.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 3.3 12 38 5.1 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 3.3 20 30 5.4 -0.1
PIEL Pacer International Export Leaders ETF 3.2 60 -10 3.9 -1.6
DEW WisdomTree Global High Dividend Fund 3.1 58 -8 6.9 +1.4
SCHY Schwab International Dividend Equity ETF 3.1 14 36 8.3 +2.8
COPY Tweedy, Browne Insider + Value ETF 3.1 80 -30 13.9 +8.4
DFIV Dimensional International Value ETF 3.1 27 23 7.3 +1.8
BKIE BNY Mellon International Equity ETF 3.1 4 46 17.2 +11.7
IQSI IQ Candriam International Equity ETF 3.0 15 35 5.4 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.0 42 8 4.0 -1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 3.0 34 16 5.0 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 25 7.0 +1.5
NUKZ Range Nuclear Renaissance Index ETF 3.0 85 -35 1.5 -4.0
IDEV iShares Core MSCI International Developed Markets ETF 3.0 4 46 5.8 +0.3
SCHF Schwab International Equity ETF 2.9 6 44 5.7 +0.2
WLDR Affinity World Leaders Equity ETF 2.9 67 -17 5.4 -0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 2.9 83 -33 7.2 +1.7
IXG iShares Global Financials ETF 2.9 42 8 5.7 +0.2
FIDI Fidelity International High Dividend ETF 2.9 18 32 6.9 +1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.9 47 3 5.0 -0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.8 32 18 5.1 -0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.8 65 -15 7.8 +2.3
VEA Vanguard FTSE Developed Markets ETF 2.8 3 47 5.7 +0.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.7 50 0 5.5 0.0
JIVE JPMorgan International Value ETF 2.7 55 -5 7.7 +2.2
DIHP Dimensional International High Profitability ETF 2.7 29 21 5.6 +0.1
LVHI Franklin International Low Volatility High Dividend Index ET 2.7 40 10 7.3 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 47 5.6 +0.1
CWI SPDR MSCI ACWI ex-US ETF 2.6 30 20 6.2 +0.7
DFSI Dimensional International Sustainability Core 1 ETF 2.6 24 26 5.4 -0.1
SRVR Pacer Data & Infrastructure Real Estate ETF 2.5 55 -5 4.3 -1.2
WTRE WisdomTree New Economy Real Estate Fund 2.5 58 -8 -0.3 -5.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.5 45 5 6.4 +0.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 -15 7.0 +1.5
VIGI Vanguard International Dividend Appreciation ETF 2.5 10 40 5.8 +0.3
DFAI Dimensional International Core Equity Market ETF 2.5 18 32 5.8 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.5 20 30 5.5 -0.1
TOLL Tema Durable Quality ETF 2.4 75 -25 3.9 -1.6
FDFF Fidelity Disruptive Finance ETF 2.4 50 0 4.8 -0.7
GCOW Pacer Global Cash Cows Dividend ETF 2.4 60 -10 9.0 +3.5
IDHQ Invesco S&P International Developed High Quality ETF 2.3 29 21 4.8 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 2.3 34 16 6.1 +0.6
EFG iShares MSCI EAFE Growth ETF 2.3 36 14 3.7 -1.8
DIVI Franklin International Core Dividend Tilt Index ETF 2.3 9 41 6.3 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.3 39 11 6.6 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 46 6.5 +1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 26 6.7 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 2.2 25 25 6.1 +0.6
AVIV Avantis International Large Cap Value ETF 2.1 25 25 6.6 +1.1
DGT State Street SPDR Global Dow ETF 2.1 50 0 5.5 -0.0
CGXU Capital Group International Focus Equity ETF 2.1 54 -4 3.7 -1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.1 29 21 6.8 +1.3
FICS First Trust International Developed Capital Strength ETF 2.1 70 -20 6.6 +1.1
VXUS Vanguard Total International Stock ETF 2.0 5 45 6.4 +0.9
WWJD Inspire International ETF 2.0 80 -30 6.0 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.0 41 9 5.8 +0.3
TTAI FCF International Quality ETF 2.0 59 -9 7.0 +1.5
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 43 6.3 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.0 18 32 6.1 +0.6
IGRO iShares International Dividend Growth ETF 2.0 15 35 6.4 +0.9
DFIC Dimensional International Core Equity 2 ETF 1.9 23 27 6.0 +0.5
VSGX Vanguard ESG International Stock ETF 1.9 10 40 6.3 +0.8
FRGN Horizon International Equity ETF 1.9 75 -25 7.6 +2.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.8 58 -8 9.2 +3.7
ESGG FlexShares STOXX Global ESG Select Index Fund 1.8 42 8 3.9 -1.6
JIG JPMorgan International Growth ETF 1.8 55 -5 3.5 -2.0
ISCF iShares International SmallCap Equity Factor ETF 1.8 23 27 7.0 +1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 1.8 37 13 6.8 +1.3
SAGP Strategas Global Policy Opportunities ETF 1.7 65 -15 4.7 -0.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.7 65 -15 4.1 -1.5
IPKW Invesco International BuyBack Achievers ETF 1.7 55 -5 7.6 +2.1
AVDE Avantis International Equity ETF 1.7 23 27 5.9 +0.4
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 -8 5.9 +0.4
FRNW Fidelity Clean Energy ETF 1.7 39 11 2.1 -3.4
CZAR Themes Natural Monopoly ETF 1.6 35 15 5.3 -0.2
RXI iShares Global Consumer Discretionary ETF 1.6 41 9 8.5 +3.0
AVSD Avantis Responsible International Equity ETF 1.6 23 27 5.7 +0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 3 6.9 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 1.6 12 38 4.7 -0.8
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -25 4.6 -0.9
CGGO Capital Group Global Growth Equity ETF 1.6 47 3 4.0 -1.5
DXIV Dimensional International Vector Equity ETF 1.6 34 16 6.3 +0.8
DIM WisdomTree International MidCap Dividend Fund 1.5 58 -8 6.1 +0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.5 58 -8 3.7 -1.8
AKAF The Frontier Economic Fund 1.5 20 30 5.2 -0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 20 6.1 +0.6
URAN Themes Uranium & Nuclear ETF 1.4 35 15 1.1 -4.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.4 80 -30 6.5 +1.0
RCGE RockCreek Global Equality ETF 1.4 95 -45 5.8 +0.3
FIVA Fidelity International Value Factor ETF 1.4 18 32 6.9 +1.4
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 1 4.4 -1.1
XT iShares Exponential Technologies ETF 1.3 46 4 3.9 -1.6
POW VistaShares Electrification Supercycle ETF 1.2 75 -25 2.4 -3.1
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 3 7.1 +1.6
JETS U.S. Global Jets ETF 1.2 60 -10 2.6 -2.9
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 -9 9.5 +4.0
TMFG Motley Fool Global Opportunities ETF 1.2 85 -35 3.8 -1.7
GLOF iShares Global Equity Factor ETF 1.1 20 30 5.4 -0.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 -25 1.9 -3.6
PBD Invesco Global Clean Energy ETF 1.0 75 -25 0.4 -5.2
TOK iShares MSCI Kokusai ETF 1.0 26 24 4.2 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 1.0 9 41 4.3 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 1.0 30 20 5.0 -0.5
BLES Inspire Global Hope ETF 1.0 61 -11 5.6 +0.1
GEW Cambria Global EW ETF 1.0 29 21 5.2 -0.3
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 -15 3.5 -2.0
URTH iShares MSCI World ETF 1.0 24 26 4.2 -1.3
JADE JPMorgan Active Developing Markets Equity ETF 1.0 65 -15 5.7 +0.2
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 15 4.1 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.9 10 40 4.8 -0.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.9 25 25 5.5 -0.0
NXTG First Trust Indxx NextG ETF 0.9 70 -20 3.4 -2.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 15 3.4 -2.1
IXC iShares Global Energy ETF 0.9 44 6 6.9 +1.4
IOO iShares Global 100 ETF 0.9 41 9 3.8 -1.7
IXP iShares Global Comm Services ETF 0.9 42 8 5.9 +0.4
ACWI iShares MSCI ACWI ETF 0.9 32 18 4.5 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 0.8 52 -2 7.8 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 41 4.7 -0.8
VT Vanguard Total World Stock ETF 0.8 6 44 4.9 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 30 4.6 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 38 4.4 -1.1
GNR SPDR S&P Global Natural Resources ETF 0.6 40 10 7.8 +2.3
VIDI Vident International Equity Strategy ETF 0.6 61 -11 7.8 +2.3
EXI iShares Global Industrials ETF 0.5 42 8 3.6 -1.9
DISV Dimensional International Small Cap Value ETF 0.5 42 8 7.5 +2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 5.8 +0.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 17 6.5 +1.0
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -15 3.4 -2.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 7.3 +1.8
DFIS Dimensional International Small Cap ETF 0.4 39 11 5.9 +0.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 6.5 +1.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -39 4.3 -1.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 11 7.7 +2.2
INEQ Columbia International Equity Income ETF 0.3 45 5 7.4 +1.9
KNCT Invesco Next Gen Connectivity ETF 0.3 40 10 3.0 -2.5
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 32 0.0 -5.5
QQQM Invesco NASDAQ 100 ETF 0.2 15 35 3.3 -2.2
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 30 3.2 -2.3
QQQ Invesco QQQ Trust Series I 0.2 20 30 3.3 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 30 5.5 +0.0
AVDV Avantis International Small Cap Value ETF 0.1 36 14 7.3 +1.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 2.9 -2.6
IBUY Amplify Online Retail ETF 0.1 65 -15 2.2 -3.3
WRND IQ Global Equity R&D Leaders ETF 0.1 18 32 4.0 -1.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 20 5.7 +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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Spain ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 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.