iShares MSCI Spain ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.3x P/Sales
ratio		 1.5x
P/BV
ratio		 1.8x Div.
yield		 3.1%


  • 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) $1,884
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) $86,201
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 19.0 %
IBERDROLA SA 14.2 %
BANCO BILBAO VIZCAYA ARGENTA 13.1 %
INDITEX 4.8 %
CRITERIA CAIXACORP SA 4.8 %
GRUPO FERROVIAL 4.6 %
ACS ACTIVIDADES CONS Y SERV 4.1 %
REPSOL YPF SA 4.1 %
AENA SME SA 3.9 %
BANCO DE SABADELL SA 3.5 %
Total 76.2 %

TOP COUNTRY EXPOSURE
SPAIN 94.2 %
BRITAIN 1.8 %









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.
4.4% 75.0% 20.4% 11.5% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 0.63 37%
MSCI EAFE 1.05 75%
MSCI Emg. Mkts. 0.73 43%

Technical Indicators
Recent close $56.46
30d moving avg. $55.09
Annualized volatility 18.1%
Short interest (ETF) 5.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 687
Turnover 2.1%
Bid/Ask (% of price) 0.02%
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™: 5.7%


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
(%)
HEDJ WisdomTree Europe Hedged Equity Fund 15.6 58 -8 5.6 -0.1
EUFN iShares MSCI Europe Financials ETF 11.9 51 -1 6.7 +0.9
EZU iShares MSCI Eurozone ETF 10.7 52 -2 5.6 -0.2
FEZ SPDR EURO STOXX 50 ETF 10.4 29 21 5.5 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.5 45 5 6.0 +0.2
ITOL Tema International Durable Quality ETF 8.8 60 -10 4.8 -1.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 8.5 75 -25 6.3 +0.5
SMOG VanEck Low Carbon Energy ETF 8.3 61 -11 1.4 -4.4
FEUZ First Trust Eurozone AlphaDEX ETF 8.0 80 -30 6.3 +0.5
EFAS Global X MSCI SuperDividend EAFE ETF 7.9 57 -7 7.2 +1.5
IMTM iShares MSCI Intl Momentum Factor ETF 7.8 30 20 4.6 -1.2
JXI iShares Global Utilities ETF 7.6 43 7 5.1 -0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.6 58 -8 5.6 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.4 58 -8 5.8 +0.1
IQDG WisdomTree International Quality Dividend Growth Fund 7.4 42 8 5.9 +0.1
IDMO Invesco S&P International Developed Momentum ETF 7.2 25 25 5.0 -0.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 7.1 79 -29 4.3 -1.5
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 2 5.8 +0.1
CGIE Capital Group International Equity ETF 6.9 54 -4 4.3 -1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.8 56 -6 9.4 +3.7
IDV iShares International Select Dividend ETF 6.7 51 -1 8.9 +3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 6.6 55 -5 5.5 -0.3
DTH WisdomTree International High Dividend Fund 6.5 58 -8 7.0 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 6.3 25 25 6.2 +0.5
IMOM Alpha Architect International Quantitative Momentum ETF 6.0 49 1 3.8 -2.0
OCEN IQ Clean Oceans ETF 6.0 45 5 5.1 -0.7
VCLN Virtus Duff & Phelps Clean Energy ETF 6.0 59 -9 3.4 -2.3
FICS First Trust International Developed Capital Strength ETF 5.9 70 -20 6.3 +0.6
CLNR IQ Cleaner Transport ETF 5.8 45 5 4.9 -0.8
VWID Virtus WMC International Dividend ETF 5.7 49 1 6.9 +1.2
IEV iShares Europe ETF 5.7 67 -17 5.6 -0.1
ICLN iShares Global Clean Energy ETF 5.6 41 9 2.6 -3.1
FLEE Franklin FTSE Europe ETF 5.6 9 41 6.1 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.6 46 4 5.8 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 5.5 9 41 6.1 +0.3
EFV iShares MSCI EAFE Value ETF 5.5 34 16 7.3 +1.6
CGDG Capital Group Dividend Growers ETF 5.4 47 3 5.3 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.4 40 10 6.2 +0.5
DWM WisdomTree International Equity Fund 5.3 48 2 6.1 +0.4
FEP First Trust Europe AlphaDEX Fund 5.3 80 -30 6.6 +0.8
ICPY Tweedy, Browne International Insider Value ETF 5.2 80 -30 9.5 +3.8
IEUR iShares Core MSCI Europe ETF 5.2 11 39 6.1 +0.4
VGK Vanguard FTSE Europe ETF 5.2 6 44 6.2 +0.5
UIVM VictoryShares International Value Momentum ETF 4.9 35 15 7.1 +1.3
SPEU SPDR Portfolio Europe ETF 4.8 7 43 6.2 +0.4
OEFA ALPS O’Shares International Developed Quality Dividend ETF 4.6 48 2 4.6 -1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 4.6 55 -5 5.4 -0.3
DWMF WisdomTree International Multifactor Fund 4.6 38 12 6.1 +0.4
FENI Fidelity Enhanced International ETF 4.5 28 22 5.4 -0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.5 9 41 7.8 +2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.2 46 4 5.1 -0.7
ESGD iShares ESG Aware MSCI EAFE ETF 4.1 20 30 5.5 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 4.1 25 25 6.0 +0.3
GII SPDR S&P Global Infrastructure ETF 4.0 40 10 4.2 -1.6
IGF iShares Global Infrastructure ETF 4.0 41 9 4.2 -1.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.0 22 28 5.3 -0.4
VYMI Vanguard International High Dividend Yield ETF 4.0 17 33 7.7 +2.0
IVLU iShares MSCI Intl Value Factor ETF 3.9 30 20 8.2 +2.4
FAN First Trust Global Wind Energy ETF 3.9 60 -10 3.5 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.9 39 11 5.5 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.9 20 30 5.3 -0.4
TPIF Timothy Plan International ETF 3.8 62 -12 5.2 -0.6
EFA iShares MSCI EAFE ETF 3.8 35 15 5.6 -0.2
AGQI First Trust Active Global Quality Income ETF 3.8 85 -35 4.4 -1.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.8 35 15 5.5 -0.2
COPY Tweedy, Browne Insider + Value ETF 3.7 80 -30 9.7 +4.0
NUDM Nuveen ESG International Developed Markets Equity ETF 3.7 31 19 5.5 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.7 36 14 5.7 -0.0
HAP VanEck Natural Resources ETF 3.6 50 0 7.1 +1.4
STXI Strive International Developed Markets ETF 3.6 29 21 5.5 -0.2
JHMD John Hancock Multifactor Developed International ETF 3.5 39 11 6.2 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 30 5.8 +0.0
JHID John Hancock International High Dividend ETF 3.4 46 4 7.9 +2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.4 42 8 5.6 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 3.4 20 30 5.7 -0.1
CGXU Capital Group International Focus Equity ETF 3.4 54 -4 4.6 -1.1
JIRE JPMorgan International Research Enhanced Equity ETF 3.4 24 26 6.1 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 3.3 20 30 5.4 -0.3
INTF iShares International Equity Factor ETF 3.2 15 35 6.3 +0.6
BKCI BNY Mellon Concentrated International ETF 3.2 80 -30 4.6 -1.1
SUPL ProShares Supply Chain Logistics ETF 3.2 58 -8 8.6 +2.8
AWAY ETFMG Travel Tech ETF 3.2 76 -26 -0.1 -5.8
IEFA iShares Core MSCI EAFE ETF 3.2 7 43 5.9 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.2 30 20 5.8 +0.1
DEW WisdomTree Global High Dividend Fund 3.1 58 -8 7.1 +1.3
TOLL Tema Durable Quality ETF 3.1 75 -25 4.3 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.1 47 3 5.5 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.0 45 5 7.1 +1.3
IQLT iShares MSCI Intl Quality Factor ETF 3.0 30 20 5.2 -0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 3.0 12 38 5.1 -0.7
QINT American Century Quality Diversified International ETF 3.0 39 11 5.9 +0.2
BKIE BNY Mellon International Equity ETF 3.0 4 46 5.9 +0.1
IQSI IQ Candriam International Equity ETF 3.0 15 35 5.4 -0.3
IQRA IQ CBRE Real Assets ETF 2.9 65 -15 5.2 -0.6
FDEV Fidelity International Multifactor ETF 2.9 18 32 6.4 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.9 14 36 5.4 -0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.9 80 -30 5.2 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 2.8 4 46 5.9 +0.2
CIL VictoryShares International Volatility Wtd ETF 2.8 45 5 5.6 -0.2
SCHF Schwab International Equity ETF 2.8 6 44 6.0 +0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.8 32 18 5.3 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 2.8 25 25 7.7 +1.9
WTRE WisdomTree New Economy Real Estate Fund 2.8 58 -8 4.9 -0.8
SRVR Pacer Data & Infrastructure Real Estate ETF 2.8 55 -5 4.1 -1.7
DIVI Franklin International Core Dividend Tilt Index ETF 2.8 9 41 6.6 +0.9
WLDR Affinity World Leaders Equity ETF 2.7 67 -17 6.1 +0.4
FIVA Fidelity International Value Factor ETF 2.7 18 32 7.7 +1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.7 50 0 5.4 -0.4
VEA Vanguard FTSE Developed Markets ETF 2.7 3 47 5.9 +0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.7 65 -15 9.2 +3.5
IXG iShares Global Financials ETF 2.6 42 8 5.8 +0.1
NUKZ Range Nuclear Renaissance Index ETF 2.6 85 -35 0.9 -4.8
FDD First Trust Stoxx European Select Dividend Index Fund 2.6 58 -8 9.4 +3.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.6 65 -15 7.1 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 47 5.8 +0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.6 80 -30 3.3 -2.5
DFIV Dimensional International Value ETF 2.6 27 23 7.6 +1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.6 70 -20 3.2 -2.5
DIHP Dimensional International High Profitability ETF 2.5 29 21 5.6 -0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 2.5 83 -33 7.6 +1.9
CWI SPDR MSCI ACWI ex-US ETF 2.5 30 20 6.3 +0.5
IDLV Invesco S&P International Developed Low Volatility ETF 2.5 25 25 6.0 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 2.5 24 26 5.3 -0.4
IDHQ Invesco S&P International Developed High Quality ETF 2.4 29 21 5.2 -0.6
FDFF Fidelity Disruptive Finance ETF 2.3 50 0 4.3 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 2.3 34 16 6.3 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 41 9 6.3 +0.5
DFAI Dimensional International Core Equity Market ETF 2.2 18 32 5.8 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.2 39 11 6.5 +0.8
JIG JPMorgan International Growth ETF 2.2 55 -5 3.9 -1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 26 6.1 +0.4
IGRO iShares International Dividend Growth ETF 2.2 15 35 6.1 +0.3
AIVI WisdomTree International AI Enhanced Value Fund 2.1 58 -8 5.7 -0.0
WWJD Inspire International ETF 2.1 80 -30 6.1 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 4 46 6.6 +0.9
AVIV Avantis International Large Cap Value ETF 2.1 25 25 7.1 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.0 18 32 6.3 +0.5
TTAI FCF International Quality ETF 2.0 59 -9 6.5 +0.8
RCGE RockCreek Global Equality ETF 2.0 95 -45 5.9 +0.2
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 43 6.5 +0.8
VXUS Vanguard Total International Stock ETF 2.0 5 45 6.6 +0.9
DGT State Street SPDR Global Dow ETF 2.0 50 0 5.7 -0.0
LVHI Franklin International Low Volatility High Dividend Index ET 1.9 40 10 8.7 +2.9
FRNW Fidelity Clean Energy ETF 1.9 39 11 2.0 -3.8
JPIN J.P. Morgan Diversified Return International Equity ETF 1.9 37 13 6.9 +1.2
EFG iShares MSCI EAFE Growth ETF 1.8 36 14 3.6 -2.1
VSGX Vanguard ESG International Stock ETF 1.8 10 40 6.5 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 1.8 42 8 4.6 -1.1
CGGO Capital Group Global Growth Equity ETF 1.8 47 3 3.8 -2.0
FDCF Fidelity Disruptive Communications ETF 1.8 50 0 3.6 -2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 3 6.7 +0.9
GCOW Pacer Global Cash Cows Dividend ETF 1.8 60 -10 8.9 +3.2
DFIC Dimensional International Core Equity 2 ETF 1.8 23 27 6.1 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.7 12 38 4.9 -0.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.7 80 -30 6.8 +1.1
AVDE Avantis International Equity ETF 1.6 23 27 6.1 +0.4
FIDI Fidelity International High Dividend ETF 1.6 18 32 7.0 +1.3
AVSD Avantis Responsible International Equity ETF 1.6 23 27 4.5 -1.3
OAIM OneAscent International Equity ETF 1.6 95 -45 4.4 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -25 4.4 -1.3
RXI iShares Global Consumer Discretionary ETF 1.6 41 9 7.3 +1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -8 3.5 -2.2
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 3 7.2 +1.5
DXIV Dimensional International Vector Equity ETF 1.6 34 16 6.3 +0.6
XT iShares Exponential Technologies ETF 1.5 46 4 4.2 -1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 16 4.7 -1.0
AKAF The Frontier Economic Fund 1.5 20 30 5.3 -0.5
DIM WisdomTree International MidCap Dividend Fund 1.4 58 -8 6.1 +0.4
POW VistaShares Electrification Supercycle ETF 1.4 75 -25 2.6 -3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 20 6.3 +0.6
SCHY Schwab International Dividend Equity ETF 1.3 14 36 8.1 +2.4
ISCF iShares International SmallCap Equity Factor ETF 1.3 23 27 7.1 +1.4
TMFG Motley Fool Global Opportunities ETF 1.3 85 -35 3.7 -2.0
PPIE Putnam PanAgora ESG International Equity ETF 1.3 49 1 6.7 +1.0
VOLT Tema Electrification ETF 1.2 75 -25 2.8 -2.9
DWX SPDR S&P International Dividend ETF 1.1 45 5 6.4 +0.7
URAN Themes Uranium & Nuclear ETF 1.1 35 15 1.1 -4.6
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 40 4.9 -0.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.1 25 25 5.4 -0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.1 65 -15 4.0 -1.8
BLES Inspire Global Hope ETF 1.1 61 -11 5.9 +0.1
NXTG First Trust Indxx NextG ETF 1.0 70 -20 4.2 -1.5
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 -15 3.7 -2.0
JADE JPMorgan Active Developing Markets Equity ETF 1.0 65 -15 6.2 +0.5
TOK iShares MSCI Kokusai ETF 1.0 26 24 4.3 -1.4
QWLD SPDR MSCI World StrategicFactors ETF 1.0 30 20 5.0 -0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 1.0 9 41 4.5 -1.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 15 3.7 -2.0
URTH iShares MSCI World ETF 1.0 24 26 4.4 -1.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 -25 2.4 -3.3
GEW Cambria Global EW ETF 0.9 29 21 5.3 -0.5
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 -9 9.4 +3.7
GLOF iShares Global Equity Factor ETF 0.9 20 30 5.8 +0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 38 4.4 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 41 4.8 -0.9
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -39 4.2 -1.5
CRTC Xtrackers US National Critical Technologies ETF 0.9 35 15 4.2 -1.5
IOO iShares Global 100 ETF 0.9 41 9 3.9 -1.8
ACWI iShares MSCI ACWI ETF 0.9 32 18 4.7 -1.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.8 58 -8 7.2 +1.4
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.6 -5.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.8 29 21 6.5 +0.8
DISV Dimensional International Small Cap Value ETF 0.8 42 8 7.5 +1.8
IXP iShares Global Comm Services ETF 0.8 42 8 5.3 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 30 4.8 -1.0
JETS U.S. Global Jets ETF 0.8 60 -10 1.9 -3.8
VT Vanguard Total World Stock ETF 0.7 6 44 5.1 -0.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 11 6.8 +1.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -10 3.2 -2.5
IXC iShares Global Energy ETF 0.7 44 6 8.2 +2.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 17 7.8 +2.1
EXI iShares Global Industrials ETF 0.6 42 8 3.5 -2.3
KNCT Invesco Next Gen Connectivity ETF 0.6 40 10 3.8 -1.9
DFIS Dimensional International Small Cap ETF 0.5 39 11 6.0 +0.2
VIDI Vident International Equity Strategy ETF 0.5 61 -11 8.7 +3.0
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 -15 3.6 -2.1
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 7.1 +1.4
GNR SPDR S&P Global Natural Resources ETF 0.4 40 10 8.5 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 11 5.0 -0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 7.8 +2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 5.9 +0.1
AVDV Avantis International Small Cap Value ETF 0.3 36 14 7.3 +1.5
CGGR Capital Group Growth ETF 0.2 39 11 2.9 -2.9
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -5 7.6 +1.8
INEQ Columbia International Equity Income ETF 0.2 45 5 7.1 +1.3
IBUY Amplify Online Retail ETF 0.1 65 -15 1.5 -4.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.2 -2.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 5.2 -0.5
IXJ iShares Global Healthcare ETF 0.0 42 8 5.7 -0.1

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 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 1.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 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.