iShares MSCI Spain ETF
ALTAR
Score™		 8.4% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 9.8x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 4.7%


  • 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) $915
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 18
Wgt avg mkt cap (mns) $57,956
Large cap (>$10bn) 95.3%
Mid cap ($2-10bn) 4.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
IBERDROLA SA 18.0 %
BANCO SANTANDER SA 15.7 %
BANCO BILBAO VIZCAYA ARGENTA 11.7 %
AMADEUS IT HOLDING SA-A SHS 5.0 %
AENA SA 4.8 %
INDITEX 4.6 %
CRITERIA CAIXACORP SA 4.5 %
TELEFONICA SA 4.4 %
GRUPO FERROVIAL 4.3 %
CELLNEX TELECOM S.A. 4.0 %
Total 77.0 %

TOP COUNTRY EXPOSURE
SPAIN 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.
2.5% 19.1% 4.8% 1.4% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.84 47%
MSCI EAFE 1.06 77%
MSCI Emg. Mkts. 0.85 49%

Technical Indicators
Recent close $32.81
30d moving avg. $34.48
Annualized volatility 21.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 358
Turnover 1.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,245

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 234 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™: 8.4%


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 13.7 58 -8 9.5 +1.1
EQIN Columbia US Equity Income ETF 11.2 35 15 8.3 -0.1
EZU iShares MSCI Eurozone ETF 8.5 52 -2 6.6 -1.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 8.1 75 -25 7.9 -0.4
SMOG VanEck Low Carbon Energy ETF 7.9 61 -11 2.4 -6.0
EUFN iShares MSCI Europe Financials ETF 7.8 51 -1 8.1 -0.2
FEZ SPDR EURO STOXX 50 ETF 7.7 29 21 6.8 -1.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.6 45 5 6.5 -1.8
IGF iShares Global Infrastructure ETF 7.5 41 9 4.3 -4.1
GII SPDR S&P Global Infrastructure ETF 7.5 40 10 4.3 -4.1
FEUZ First Trust Eurozone AlphaDEX ETF 7.5 80 -30 6.7 -1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 7.3 59 -9 3.9 -4.5
FLEU Franklin FTSE Eurozone ETF 7.0 9 41 7.3 -1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 6.6 55 -5 9.7 +1.3
GVAL Cambria Global Value ETF 6.5 68 -18 13.1 +4.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.4 58 -8 6.4 -2.0
IQDG WisdomTree International Quality Dividend Growth Fund 6.4 42 8 6.8 -1.6
ICLN iShares Global Clean Energy ETF 6.4 41 9 6.0 -2.4
EFAS Global X MSCI SuperDividend EAFE ETF 6.4 57 -7 10.3 +1.9
IDV iShares International Select Dividend ETF 6.1 51 -1 12.2 +3.9
FICS First Trust International Developed Capital Strength ETF 6.0 70 -20 5.3 -3.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 5.9 45 5 5.7 -2.7
OCEN IQ Clean Oceans ETF 5.8 45 5 6.1 -2.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 5.7 48 2 5.7 -2.7
JHID John Hancock International High Dividend ETF 5.6 46 4 11.3 +3.0
DTH WisdomTree International High Dividend Fund 5.5 58 -8 10.1 +1.8
DOL WisdomTree International LargeCap Dividend Fund 5.4 48 2 7.9 -0.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.3 46 4 4.9 -3.5
BLLD JPMorgan Sustainable Infrastructure ETF 5.3 49 1 5.7 -2.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.3 58 -8 6.5 -1.9
JXI iShares Global Utilities ETF 5.2 43 7 5.9 -2.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 56 -6 13.5 +5.1
FIDI Fidelity International High Dividend ETF 4.7 18 32 10.9 +2.6
TOLL Tema Monopolies and Oligopolies ETF 4.6 75 -25 3.3 -5.0
IEV iShares Europe ETF 4.5 67 -17 6.6 -1.7
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 4.4 55 -5 2.9 -5.5
UIVM VictoryShares International Value Momentum ETF 4.3 35 15 11.0 +2.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.3 79 -29 5.1 -3.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.3 22 28 6.6 -1.8
DWM WisdomTree International Equity Fund 4.3 48 2 8.0 -0.4
GSFP Goldman Sachs Future Planet Equity ETF 4.3 75 -25 4.2 -4.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.2 40 10 7.9 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.1 25 25 7.2 -1.2
SUPL ProShares Supply Chain Logistics ETF 4.1 58 -8 14.2 +5.9
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 0 12.8 +4.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.0 80 -30 5.6 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 4.0 9 41 7.1 -1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 4.0 46 4 6.5 -1.9
WTRE WisdomTree New Economy Real Estate Fund 4.0 58 -8 0.3 -8.0
FLEE Franklin FTSE Europe ETF 3.9 9 41 7.2 -1.2
FEP First Trust Europe AlphaDEX Fund 3.9 80 -30 7.8 -0.6
IEUR iShares Core MSCI Europe ETF 3.9 11 39 7.1 -1.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 3.9 75 -25 4.6 -3.8
SRVR Pacer Data & Infrastructure Real Estate ETF 3.8 55 -5 1.9 -6.4
VGK Vanguard FTSE Europe ETF 3.8 11 39 7.1 -1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.7 32 18 6.0 -2.4
SPEU SPDR Portfolio Europe ETF 3.7 7 43 7.1 -1.3
VWID Virtus WMC International Dividend ETF 3.7 49 1 9.6 +1.2
AWAY ETFMG Travel Tech ETF 3.7 76 -26 -5.2 -13.6
EFV iShares MSCI EAFE Value ETF 3.7 34 16 9.4 +1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.7 47 3 5.5 -2.9
FAN First Trust Global Wind Energy ETF 3.6 60 -10 5.5 -2.8
BKCI BNY Mellon Concentrated International ETF 3.6 80 -30 4.2 -4.2
FENI Fidelity Enhanced International ETF 3.6 28 22 8.1 -0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.6 65 -15 4.3 -4.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 3.5 12 38 5.9 -2.5
CGIE Capital Group International Equity ETF 3.5 54 -4 4.9 -3.4
IMTM iShares MSCI Intl Momentum Factor ETF 3.5 30 20 6.3 -2.0
DWMF WisdomTree International Multifactor Fund 3.4 38 12 7.4 -0.9
NLR VanEck Uranium+Nuclear Energy ETF 3.4 61 -11 2.9 -5.5
CLNR IQ Cleaner Transport ETF 3.4 45 5 6.8 -1.5
RFEU First Trust Riverfront Dynamic Europe ETF 3.3 83 -33 11.1 +2.7
IDLV Invesco S&P International Developed Low Volatility ETF 3.3 25 25 6.2 -2.1
JHMD John Hancock Multifactor Developed International ETF 3.2 39 11 7.8 -0.6
CGDG Capital Group Dividend Growers ETF 3.2 47 3 6.6 -1.7
IVLU iShares MSCI Intl Value Factor ETF 3.2 30 20 11.4 +3.1
AGQI First Trust Active Global Quality Income ETF 3.2 85 -35 5.9 -2.5
LVHI Franklin International Low Volatility High Dividend Index ET 3.2 40 10 10.1 +1.7
FDEV Fidelity International Multifactor ETF 3.1 18 32 7.8 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.1 30 20 7.3 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 3.1 31 19 6.7 -1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.1 39 11 7.5 -0.8
FDD First Trust Stoxx European Select Dividend Index Fund 3.0 58 -8 13.6 +5.2
ESGD iShares ESG Aware MSCI EAFE ETF 3.0 20 30 6.9 -1.4
HAP VanEck Natural Resources ETF 3.0 50 0 10.0 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.0 45 5 8.9 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.0 20 30 6.5 -1.9
IQIN IQ 500 International ETF 2.9 25 25 9.2 +0.8
IGRO iShares International Dividend Growth ETF 2.9 15 35 7.5 -0.8
TPIF Timothy Plan International ETF 2.9 62 -12 6.8 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 2.9 25 25 9.9 +1.5
DWX SPDR S&P International Dividend ETF 2.8 45 5 6.5 -1.9
VYMI Vanguard International High Dividend Yield ETF 2.8 22 28 9.8 +1.5
EFA iShares MSCI EAFE ETF 2.8 35 15 6.9 -1.5
MOTI VanEck Morningstar International Moat ETF 2.8 58 -8 5.9 -2.5
STXI Strive International Developed Markets ETF 2.7 29 21 6.9 -1.5
CIL VictoryShares International Volatility Wtd ETF 2.7 45 5 7.0 -1.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 2.7 51 -1 7.1 -1.3
INTF iShares International Equity Factor ETF 2.6 15 35 8.2 -0.2
FDCF Fidelity Disruptive Communications ETF 2.6 50 0 2.6 -5.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.6 36 14 6.6 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 2.6 20 30 7.0 -1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.6 20 30 6.9 -1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.6 35 15 6.6 -1.7
TMFG Motley Fool Global Opportunities ETF 2.5 85 -35 3.2 -5.2
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 30 7.1 -1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.4 65 -15 12.8 +4.4
IQLT iShares MSCI Intl Quality Factor ETF 2.4 30 20 6.2 -2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.4 25 25 7.2 -1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 2.4 55 -5 5.3 -3.1
AHOY Newday Ocean Health ETF 2.4 75 -25 6.2 -2.2
JIRE JPMorgan International Research Enhanced Equity ETF 2.4 24 26 7.1 -1.2
IEFA iShares Core MSCI EAFE ETF 2.4 7 43 7.1 -1.2
JIG JPMorgan International Growth ETF 2.4 55 -5 4.6 -3.7
BKIE BNY Mellon International Equity ETF 2.3 4 46 7.1 -1.3
DFSI Dimensional International Sustainability Core 1 ETF 2.3 24 26 6.5 -1.9
QINT American Century Quality Diversified International ETF 2.3 39 11 7.7 -0.7
FRNW Fidelity Clean Energy ETF 2.2 39 11 2.6 -5.8
IQRA IQ CBRE Real Assets ETF 2.2 65 -15 5.2 -3.2
DIHP Dimensional International High Profitability ETF 2.2 29 21 7.6 -0.7
SCHF Schwab International Equity ETF 2.2 6 44 7.5 -0.9
IPKW Invesco International BuyBack Achievers ETF 2.2 55 -5 11.0 +2.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.1 58 -8 9.2 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 2.1 4 46 7.1 -1.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.1 65 -15 8.2 -0.2
CGXU Capital Group International Focus Equity ETF 2.1 54 -4 4.9 -3.5
TTAI FCF International Quality ETF 2.1 59 -9 5.6 -2.8
IDMO Invesco S&P International Developed Momentum ETF 2.1 25 25 5.9 -2.5
IQSI IQ Candriam International Equity ETF 2.1 15 35 6.6 -1.8
DFIV Dimensional International Value ETF 2.0 27 23 10.0 +1.6
CID VictoryShares International High Div Volatility Wtd ETF 2.0 45 5 11.9 +3.6
WWJD Inspire International ETF 2.0 80 -30 7.3 -1.1
VEA Vanguard FTSE Developed Markets ETF 2.0 5 45 7.3 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 2.0 3 47 7.2 -1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.0 14 36 6.2 -2.2
TEMP JPMorgan Climate Change Solutions ETF 2.0 49 1 5.5 -2.9
FYLD Cambria Foreign Shareholder Yield ETF 2.0 59 -9 13.6 +5.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.9 58 -8 4.6 -3.8
DGT SPDR Global Dow ETF 1.9 50 0 6.8 -1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.9 42 8 8.1 -0.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.9 39 11 12.1 +3.7
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 20 6.9 -1.4
EFG iShares MSCI EAFE Growth ETF 1.8 36 14 4.5 -3.8
IMOM Alpha Architect International Quantitative Momentum ETF 1.8 49 1 5.7 -2.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -30 9.1 +0.7
IDHQ Invesco S&P International Developed High Quality ETF 1.8 29 21 6.5 -1.9
IDAT iShares Future Cloud 5G and Tech ETF 1.8 47 3 4.3 -4.1
DFAI Dimensional International Core Equity Market ETF 1.8 18 32 7.3 -1.1
AZTD Aztlan Global Stock Selection DM SMID ETF 1.8 75 -25 7.8 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 1.7 34 16 7.0 -1.4
DIVI Franklin International Core Dividend Tilt Index ETF 1.7 9 41 8.1 -0.2
FIVA Fidelity International Value Factor ETF 1.7 18 32 10.2 +1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 1.7 12 38 5.5 -2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 32 7.0 -1.4
GCOW Pacer Global Cash Cows Dividend ETF 1.6 60 -10 12.5 +4.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.6 41 9 7.4 -1.0
WLDR Affinity World Leaders Equity ETF 1.6 67 -17 8.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 8 42 7.3 -1.1
JETS U.S. Global Jets ETF 1.6 60 -10 -13.3 -21.6
RFDI First Trust Riverfront Dynamic Developed International ETF 1.6 83 -33 10.0 +1.6
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 5.4 -3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 13 8.9 +0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.5 75 -25 2.9 -5.5
DFIC Dimensional International Core Equity 2 ETF 1.5 23 27 7.7 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 11 7.4 -0.9
VIDI Vident International Equity Strategy ETF 1.5 61 -11 10.2 +1.8
IXUS iShares Core MSCI Total International Stock ETF 1.5 7 43 7.2 -1.2
VXUS Vanguard Total International Stock ETF 1.5 7 43 7.2 -1.2
IXG iShares Global Financials ETF 1.4 42 8 6.2 -2.2
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 8.5 +0.2
DIM WisdomTree International MidCap Dividend Fund 1.4 58 -8 7.7 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 3 9.4 +1.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 0 5.3 -3.0
AVSD Avantis Responsible International Equity ETF 1.4 23 27 7.1 -1.3
IQDE FlexShares International Quality Dividend Defensive Index ET 1.3 47 3 14.8 +6.4
AIVI WisdomTree International AI Enhanced Value Fund 1.3 58 -8 8.5 +0.1
VSGX Vanguard ESG International Stock ETF 1.3 12 38 6.8 -1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 38 4.8 -3.6
QWLD SPDR MSCI World StrategicFactors ETF 1.3 30 20 5.9 -2.4
AVDE Avantis International Equity ETF 1.3 23 27 8.1 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 1.2 34 16 5.9 -2.5
AVIV Avantis International Large Cap Value ETF 1.2 25 25 9.0 +0.6
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 -15 4.6 -3.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.1 80 -30 3.2 -5.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.1 9 41 9.9 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 20 8.0 -0.4
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 3 12.9 +4.5
NXTG First Trust Indxx NextG ETF 1.0 70 -20 6.2 -2.1
CZAR Themes Natural Monopoly ETF 1.0 35 15 6.3 -2.1
BLES Inspire Global Hope ETF 1.0 61 -11 6.4 -1.9
PBD Invesco Global Clean Energy ETF 1.0 75 -25 -5.3 -13.6
IXP iShares Global Comm Services ETF 1.0 42 8 5.1 -3.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.9 42 8 5.1 -3.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.9 24 26 8.7 +0.3
XT iShares Exponential Technologies ETF 0.9 46 4 4.8 -3.6
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 27 9.1 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 0.9 10 40 5.4 -2.9
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 5.0 -3.4
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -39 4.9 -3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.7 9 41 5.2 -3.2
KNCT Invesco Next Gen Connectivity ETF 0.7 40 10 5.6 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 30 5.2 -3.2
TOK iShares MSCI Kokusai ETF 0.7 26 24 5.0 -3.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.7 29 21 8.6 +0.2
GLOF iShares Global Equity Factor ETF 0.7 20 30 7.0 -1.4
RODE Hartford Multifactor Diversified International ETF 0.7 29 21 11.8 +3.4
URTH iShares MSCI World ETF 0.7 24 26 5.2 -3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 41 5.4 -3.0
ACWI iShares MSCI ACWI ETF 0.6 32 18 5.3 -3.1
EXI iShares Global Industrials ETF 0.6 42 8 4.5 -3.8
OGIG ALPS O'Shares Global Internet Giants ETF 0.6 48 2 1.9 -6.5
IXC iShares Global Energy ETF 0.5 44 6 8.7 +0.3
CGGO Capital Group Global Growth Equity ETF 0.5 47 3 4.6 -3.8
SCHY Schwab International Dividend Equity ETF 0.5 14 36 9.3 +1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 25 5.6 -2.7
FILL iShares MSCI Global Energy Producers ETF 0.5 39 11 9.6 +1.3
IOO iShares Global 100 ETF 0.5 41 9 4.8 -3.5
VT Vanguard Total World Stock ETF 0.5 7 43 5.5 -2.9
DFIS Dimensional International Small Cap ETF 0.4 39 11 6.9 -1.5
CGGR Capital Group Growth ETF 0.4 39 11 3.2 -5.2
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 9.2 +0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 17 8.2 -0.1
DISV Dimensional International Small Cap Value ETF 0.4 42 8 9.1 +0.8
GNR SPDR S&P Global Natural Resources ETF 0.3 40 10 9.7 +1.3
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -15 4.7 -3.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 4 9.3 +1.0
IBUY Amplify Online Retail ETF 0.2 65 -15 1.4 -7.0
URAN Themes Uranium & Nuclear ETF 0.1 35 15 1.9 -6.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.8 -4.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 11 11.0 +2.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 6.3 -2.0
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 5.1 -3.3
IXJ iShares Global Healthcare ETF 0.0 42 8 6.5 -1.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 11 7.2 -1.2

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

  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 Spain 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 10.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.