iShares MSCI Spain ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.5x P/Sales
ratio		 1.5x
P/BV
ratio		 1.8x Div.
yield		 2.9%


  • 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) $1,818
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 18.3 %
IBERDROLA SA 13.9 %
BANCO BILBAO VIZCAYA ARGENTA 12.2 %
INDITEX 4.7 %
CRITERIA CAIXACORP SA 4.5 %
GRUPO FERROVIAL 4.5 %
ACS ACTIVIDADES CONS Y SERV 4.3 %
REPSOL YPF SA 4.3 %
AMADEUS IT HOLDING SA-A SHS 4.1 %
AENA SME SA 3.4 %
Total 74.1 %

TOP COUNTRY EXPOSURE
SPAIN 93.5 %
BRITAIN 1.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 37.2% 17.1% 11.1% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.03 41%
MSCI EAFE 1.08 75%
MSCI Emg. Mkts. 0.65 47%

Technical Indicators
Recent close $58.70
30d moving avg. $56.95
Annualized volatility 18.1%
Short interest (ETF) 5.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 369
Turnover 1.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $547

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 227 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™: 5.8%


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 5.8 -0.0
EUFN iShares MSCI Europe Financials ETF 11.5 51 -1 6.8 +1.0
FEZ SPDR EURO STOXX 50 ETF 10.3 29 21 5.6 -0.2
EZU iShares MSCI Eurozone ETF 10.3 52 -2 5.4 -0.4
HEZU iShares Currency Hedged MSCI Eurozone ETF 10.3 53 -3 5.3 -0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.5 45 5 5.4 -0.4
IDV iShares International Select Dividend ETF 9.1 51 -1 8.9 +3.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 9.0 75 -25 6.0 +0.2
EFAS Global X MSCI SuperDividend EAFE ETF 8.2 57 -7 7.2 +1.4
SMOG VanEck Low Carbon Energy ETF 8.0 61 -11 1.2 -4.6
JXI iShares Global Utilities ETF 7.9 43 7 5.1 -0.7
IDMO Invesco S&P International Developed Momentum ETF 7.2 25 25 5.1 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.1 58 -8 6.3 +0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.0 56 -6 9.5 +3.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.9 58 -8 5.3 -0.6
IQDG WisdomTree International Quality Dividend Growth Fund 6.9 42 8 5.6 -0.2
DOL WisdomTree International LargeCap Dividend Fund 6.8 48 2 5.5 -0.3
OCEN IQ Clean Oceans ETF 6.6 45 5 4.6 -1.2
DTH WisdomTree International High Dividend Fund 6.5 58 -8 7.2 +1.4
CGIE Capital Group International Equity ETF 6.5 54 -4 4.5 -1.3
CLNR IQ Cleaner Transport ETF 6.4 45 5 3.9 -1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 6.3 25 25 6.2 +0.4
ICPY Tweedy, Browne International Insider Value ETF 6.0 80 -30 20.9 +15.1
IPAV Global X Infrastructure Development ex-U.S. ETF 5.8 55 -5 5.6 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.6 46 4 5.4 -0.4
IEV iShares Europe ETF 5.6 67 -17 5.7 -0.1
FLEE Franklin FTSE Europe ETF 5.6 9 41 6.1 +0.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.5 79 -29 3.6 -2.2
BBEU JPMorgan BetaBuilders Europe ETF 5.5 9 41 6.1 +0.3
FEUZ First Trust Eurozone AlphaDEX ETF 5.4 80 -30 6.2 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.3 40 10 5.6 -0.2
DWM WisdomTree International Equity Fund 5.3 48 2 5.5 -0.3
VGK Vanguard FTSE Europe ETF 5.2 6 44 6.4 +0.6
IMTM iShares MSCI Intl Momentum Factor ETF 5.2 30 20 4.5 -1.3
IEUR iShares Core MSCI Europe ETF 5.0 11 39 6.2 +0.4
EFV iShares MSCI EAFE Value ETF 5.0 34 16 7.4 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.9 9 41 7.6 +1.8
SPEU SPDR Portfolio Europe ETF 4.9 7 43 6.3 +0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 4.9 55 -5 5.6 -0.2
FENI Fidelity Enhanced International ETF 4.7 28 22 5.7 -0.1
DWMF WisdomTree International Multifactor Fund 4.7 38 12 6.7 +0.9
OEFA ALPS O’Shares International Developed Quality Dividend ETF 4.6 48 2 4.7 -1.1
HAP VanEck Natural Resources ETF 4.3 50 0 6.7 +0.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.3 46 4 5.0 -0.8
COPY Tweedy, Browne Insider + Value ETF 4.3 80 -30 14.5 +8.7
NUDM Nuveen ESG International Developed Markets Equity ETF 4.2 31 19 5.4 -0.4
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 1 4.1 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 4.1 25 25 6.1 +0.3
ESGD iShares ESG Aware MSCI EAFE ETF 4.0 20 30 5.6 -0.2
BKCI BNY Mellon Concentrated International ETF 4.0 80 -30 4.8 -1.0
IVAL Alpha Architect International Quantitative Value ETF 4.0 49 1 7.6 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.0 39 11 6.1 +0.3
VYMI Vanguard International High Dividend Yield ETF 4.0 17 33 7.9 +2.1
FDEV Fidelity International Multifactor ETF 3.9 18 32 7.2 +1.4
GII SPDR S&P Global Infrastructure ETF 3.8 40 10 4.2 -1.6
IGF iShares Global Infrastructure ETF 3.8 41 9 4.2 -1.6
JHID John Hancock International High Dividend ETF 3.8 46 4 7.7 +1.9
CGDG Capital Group Dividend Growers ETF 3.8 47 3 5.1 -0.7
FAN First Trust Global Wind Energy ETF 3.8 60 -10 2.8 -3.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.8 20 30 5.5 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.7 36 14 5.2 -0.6
AWAY ETFMG Travel Tech ETF 3.7 76 -26 1.1 -4.7
JHMD John Hancock Multifactor Developed International ETF 3.7 39 11 6.1 +0.3
QINT American Century Quality Diversified International ETF 3.6 39 11 6.5 +0.7
TPIF Timothy Plan International ETF 3.6 62 -12 5.5 -0.3
EFA iShares MSCI EAFE ETF 3.6 35 15 5.6 -0.2
IVLU iShares MSCI Intl Value Factor ETF 3.6 30 20 7.9 +2.1
HEFA iShares Currency Hedged MSCI EAFE ETF 3.6 35 15 5.6 -0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.6 35 15 5.6 -0.3
FEP First Trust Europe AlphaDEX Fund 3.6 80 -30 6.6 +0.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.6 22 28 5.7 -0.1
UIVM VictoryShares International Value Momentum ETF 3.5 35 15 8.0 +2.2
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 30 5.5 -0.4
VCLN Virtus Duff & Phelps Clean Energy ETF 3.5 59 -9 2.2 -3.6
JIRE JPMorgan International Research Enhanced Equity ETF 3.4 24 26 5.7 -0.1
INTF iShares International Equity Factor ETF 3.4 15 35 6.4 +0.6
STXI Strive International Developed Markets ETF 3.4 29 21 6.2 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.4 80 -30 5.4 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 3.3 20 30 5.7 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 3.3 30 20 5.3 -0.5
IVSI Applied Finance IVS International Large ETF 3.2 65 -15 5.8 +0.0
WLDR Affinity World Leaders Equity ETF 3.2 67 -17 5.5 -0.3
PIEL Pacer International Export Leaders ETF 3.2 60 -10 3.9 -1.9
SUPL ProShares Supply Chain Logistics ETF 3.2 58 -8 7.3 +1.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.1 30 20 6.1 +0.3
IEFA iShares Core MSCI EAFE ETF 3.1 7 43 5.9 +0.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 3.0 12 38 5.2 -0.6
CIL VictoryShares International Volatility Wtd ETF 3.0 45 5 5.8 +0.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 3.0 20 30 5.6 -0.3
DEW WisdomTree Global High Dividend Fund 3.0 58 -8 7.1 +1.3
IQSI IQ Candriam International Equity ETF 3.0 15 35 5.4 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.0 45 5 6.6 +0.8
DIVI Franklin International Core Dividend Tilt Index ETF 2.9 9 41 6.4 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.9 42 8 3.9 -1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.9 14 36 5.2 -0.6
BKIE BNY Mellon International Equity ETF 2.9 4 46 5.9 +0.1
CGXU Capital Group International Focus Equity ETF 2.9 54 -4 3.6 -2.2
NUKZ Range Nuclear Renaissance Index ETF 2.9 85 -35 1.3 -4.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.8 50 0 5.7 -0.1
DIHP Dimensional International High Profitability ETF 2.8 29 21 5.6 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.8 65 -15 7.8 +2.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.8 32 18 5.3 -0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.8 47 3 4.9 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 2.7 4 46 5.9 +0.1
WTRE WisdomTree New Economy Real Estate Fund 2.7 58 -8 -0.3 -6.1
SRVR Pacer Data & Infrastructure Real Estate ETF 2.7 55 -5 3.8 -2.0
TOLL Tema Durable Quality ETF 2.7 75 -25 3.7 -2.1
DFIV Dimensional International Value ETF 2.7 27 23 7.7 +1.9
SCHF Schwab International Equity ETF 2.7 6 44 5.8 -0.0
FIDI Fidelity International High Dividend ETF 2.7 18 32 7.1 +1.3
SCHY Schwab International Dividend Equity ETF 2.7 14 36 8.2 +2.4
FNDF Schwab Fundamental International Large Co. Index ETF 2.6 25 25 7.2 +1.4
LVHI Franklin International Low Volatility High Dividend Index ET 2.6 40 10 7.5 +1.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.6 80 -30 3.4 -2.4
VEA Vanguard FTSE Developed Markets ETF 2.6 3 47 5.8 -0.0
IXG iShares Global Financials ETF 2.6 42 8 6.1 +0.3
VIGI Vanguard International Dividend Appreciation ETF 2.6 10 40 6.0 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 2.5 24 26 5.6 -0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 2.5 83 -33 7.5 +1.7
IDLV Invesco S&P International Developed Low Volatility ETF 2.5 25 25 6.3 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 2.4 3 47 5.7 -0.1
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 20 6.3 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 2.4 29 21 5.1 -0.7
DFAI Dimensional International Core Equity Market ETF 2.3 18 32 5.9 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 41 9 5.8 +0.0
EFG iShares MSCI EAFE Growth ETF 2.3 36 14 3.7 -2.1
AVIV Avantis International Large Cap Value ETF 2.2 25 25 6.9 +1.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 -15 7.1 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.2 39 11 6.9 +1.1
FRNW Fidelity Clean Energy ETF 2.2 39 11 1.8 -4.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 26 6.8 +1.0
IGRO iShares International Dividend Growth ETF 2.1 15 35 6.6 +0.8
FDFF Fidelity Disruptive Finance ETF 2.1 50 0 5.6 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 2.1 34 16 6.2 +0.4
PPIE Putnam PanAgora ESG International Equity ETF 2.1 49 1 6.2 +0.4
FICS First Trust International Developed Capital Strength ETF 2.0 70 -20 6.6 +0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.0 29 21 6.9 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 46 6.5 +0.7
TTAI FCF International Quality ETF 2.0 59 -9 6.8 +1.0
WWJD Inspire International ETF 2.0 80 -30 6.2 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.0 18 32 6.2 +0.4
GCOW Pacer Global Cash Cows Dividend ETF 1.9 60 -10 9.2 +3.4
IQRA IQ CBRE Real Assets ETF 1.9 65 -15 5.8 -0.1
VXUS Vanguard Total International Stock ETF 1.9 5 45 6.5 +0.7
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -8 6.2 +0.4
DGT State Street SPDR Global Dow ETF 1.8 50 0 5.5 -0.3
DFIC Dimensional International Core Equity 2 ETF 1.8 23 27 6.1 +0.3
IXUS iShares Core MSCI Total International Stock ETF 1.8 7 43 6.4 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 1.8 42 8 4.0 -1.8
SAGP Strategas Global Policy Opportunities ETF 1.7 65 -15 4.9 -1.0
JIG JPMorgan International Growth ETF 1.7 55 -5 3.5 -2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 1.7 37 13 7.0 +1.2
VSGX Vanguard ESG International Stock ETF 1.7 10 40 6.4 +0.6
AVDE Avantis International Equity ETF 1.7 23 27 6.2 +0.4
AVSD Avantis Responsible International Equity ETF 1.7 23 27 5.9 +0.1
AKAF The Frontier Economic Fund 1.6 20 30 5.1 -0.7
FRGN Horizon International Equity ETF 1.6 75 -25 7.5 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 3 7.0 +1.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.6 65 -15 4.0 -1.9
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -25 4.5 -1.4
ISCF iShares International SmallCap Equity Factor ETF 1.6 23 27 7.2 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 1.6 12 38 4.8 -1.0
DXIV Dimensional International Vector Equity ETF 1.5 34 16 6.5 +0.7
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 8.1 +2.3
CGGO Capital Group Global Growth Equity ETF 1.5 47 3 3.9 -1.9
DIM WisdomTree International MidCap Dividend Fund 1.5 58 -8 6.2 +0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.5 80 -30 6.4 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 16 5.0 -0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.5 49 1 4.5 -1.4
IQDF FlexShares International Quality Dividend Index Fund 1.5 47 3 7.3 +1.5
RCGE RockCreek Global Equality ETF 1.4 95 -45 6.0 +0.2
XT iShares Exponential Technologies ETF 1.4 46 4 3.8 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 20 6.2 +0.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -25 1.7 -4.1
FIVA Fidelity International Value Factor ETF 1.3 18 32 7.1 +1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 -8 3.4 -2.5
TMFG Motley Fool Global Opportunities ETF 1.3 85 -35 3.7 -2.1
URAN Themes Uranium & Nuclear ETF 1.2 35 15 1.1 -4.8
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 -9 10.0 +4.2
DWX SPDR S&P International Dividend ETF 1.1 45 5 6.6 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 40 4.9 -0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 15 3.3 -2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 1.0 9 41 4.4 -1.5
BLES Inspire Global Hope ETF 1.0 61 -11 5.7 -0.2
POW VistaShares Electrification Supercycle ETF 1.0 75 -25 1.9 -3.9
IXP iShares Global Comm Services ETF 1.0 42 8 5.7 -0.1
CRTC Xtrackers US National Critical Technologies ETF 1.0 35 15 4.2 -1.6
GLOF iShares Global Equity Factor ETF 1.0 20 30 5.5 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 20 5.2 -0.7
TOK iShares MSCI Kokusai ETF 0.9 26 24 4.2 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.9 25 25 5.4 -0.4
JADE JPMorgan Active Developing Markets Equity ETF 0.9 65 -15 5.8 0.0
GEW Cambria Global EW ETF 0.9 29 21 5.3 -0.5
URTH iShares MSCI World ETF 0.9 24 26 4.3 -1.5
UMMA Wahed Dow Jones Islamic World ETF 0.9 65 -15 3.3 -2.5
IXC iShares Global Energy ETF 0.8 44 6 7.3 +1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 11 8.0 +2.2
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.2 -5.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.8 58 -8 7.3 +1.5
NXTG First Trust Indxx NextG ETF 0.8 70 -20 3.3 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 41 4.8 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 38 4.4 -1.4
ACWI iShares MSCI ACWI ETF 0.8 32 18 4.6 -1.2
IOO iShares Global 100 ETF 0.8 41 9 3.8 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 30 4.7 -1.2
VT Vanguard Total World Stock ETF 0.7 6 44 4.9 -0.9
EXI iShares Global Industrials ETF 0.6 42 8 3.6 -2.2
KNCT Invesco Next Gen Connectivity ETF 0.6 40 10 2.8 -3.0
DFIS Dimensional International Small Cap ETF 0.5 39 11 6.0 +0.2
GNR SPDR S&P Global Natural Resources ETF 0.5 40 10 8.5 +2.7
DISV Dimensional International Small Cap Value ETF 0.5 42 8 8.0 +2.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.7 +0.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 7.7 +1.9
JETS U.S. Global Jets ETF 0.4 60 -10 2.4 -3.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 17 6.4 +0.6
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -15 3.4 -2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 5.9 +0.1
VIDI Vident International Equity Strategy ETF 0.4 61 -11 7.9 +2.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -39 4.2 -1.6
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 32 0.0 -5.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 30 5.7 -0.1
INEQ Columbia International Equity Income ETF 0.2 45 5 7.7 +1.9
AVDV Avantis International Small Cap Value ETF 0.2 36 14 7.7 +1.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 2.8 -3.0
IBUY Amplify Online Retail ETF 0.1 65 -15 2.3 -3.5
WRND IQ Global Equity R&D Leaders ETF 0.1 18 32 4.0 -1.8
AVDS Avantis International Small Cap Equity ETF 0.1 30 20 6.0 +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%.

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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 5.8 %
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.