iShares MSCI Spain ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.6x P/Sales
ratio		 1.5x
P/BV
ratio		 1.7x Div.
yield		 3.2%


  • 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) $1,517
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 20
Wgt avg mkt cap (mns) $82,945
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 15.0 %
BANCO BILBAO VIZCAYA ARGENTA 13.2 %
GRUPO FERROVIAL 5.0 %
INDITEX 4.7 %
REPSOL YPF SA 4.6 %
CRITERIA CAIXACORP SA 4.5 %
BANCO DE SABADELL SA 4.1 %
AMADEUS IT HOLDING SA-A SHS 4.0 %
ACS ACTIVIDADES CONS Y SERV 3.6 %
Total 77.2 %

TOP COUNTRY EXPOSURE
SPAIN 94.7 %
BRITAIN 1.7 %









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.
61.6% 47.9% 22.0% 7.9% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.66 22%
MSCI EAFE 0.84 47%
MSCI Emg. Mkts. 0.66 34%

Technical Indicators
Recent close $52.52
30d moving avg. $49.61
Annualized volatility 18.1%
Short interest (ETF) 1.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 690
Turnover 2.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $547

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 225 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™: 6.5%


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
(%)
HEDJ WisdomTree Europe Hedged Equity Fund 19.1 58 -8 6.3 -0.2
EUFN iShares MSCI Europe Financials ETF 11.2 51 -1 7.6 +1.1
VCLN Virtus Duff & Phelps Clean Energy ETF 10.5 59 -9 3.8 -2.7
EZU iShares MSCI Eurozone ETF 10.1 52 -2 6.2 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 10.0 49 1 5.9 -0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.8 45 5 6.5 +0.0
FEZ SPDR EURO STOXX 50 ETF 9.6 29 21 6.2 -0.3
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 9.3 75 -25 6.6 +0.1
EFAS Global X MSCI SuperDividend EAFE ETF 9.1 57 -7 8.4 +2.0
DTH WisdomTree International High Dividend Fund 8.6 58 -8 7.8 +1.4
SMOG VanEck Low Carbon Energy ETF 7.8 61 -11 1.5 -5.0
DOL WisdomTree International LargeCap Dividend Fund 7.5 48 2 6.7 +0.2
FEUZ First Trust Eurozone AlphaDEX ETF 7.2 80 -30 7.6 +1.1
IDMO Invesco S&P International Developed Momentum ETF 7.1 25 25 5.7 -0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 7.0 55 -5 6.8 +0.3
IMTM iShares MSCI Intl Momentum Factor ETF 6.9 30 20 5.3 -1.2
GSFP Goldman Sachs Future Planet Equity ETF 6.7 75 -25 4.2 -2.3
JXI iShares Global Utilities ETF 6.7 43 7 5.4 -1.0
DWM WisdomTree International Equity Fund 6.0 48 2 6.9 +0.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.0 79 -29 4.8 -1.7
IDV iShares International Select Dividend ETF 6.0 51 -1 9.9 +3.4
IMOM Alpha Architect International Quantitative Momentum ETF 6.0 49 1 4.5 -2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.0 40 10 7.0 +0.5
FICS First Trust International Developed Capital Strength ETF 5.9 70 -20 7.2 +0.8
UIVM VictoryShares International Value Momentum ETF 5.9 35 15 8.1 +1.7
ICLN iShares Global Clean Energy ETF 5.8 41 9 3.0 -3.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 5.6 25 25 6.9 +0.4
IEV iShares Europe ETF 5.4 67 -17 6.3 -0.1
VWID Virtus WMC International Dividend ETF 5.4 49 1 7.8 +1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.3 46 4 6.3 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 5.2 9 41 6.8 +0.4
FLEE Franklin FTSE Europe ETF 5.2 9 41 6.8 +0.4
INEQ Columbia International Equity Income ETF 5.2 45 5 7.4 +1.0
TEMP JPMorgan Climate Change Solutions ETF 5.0 49 1 5.6 -0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 56 -6 10.2 +3.7
EUDV ProShares MSCI Europe Dividend Growers ETF 4.9 55 -5 6.0 -0.4
IEUR iShares Core MSCI Europe ETF 4.9 11 39 6.9 +0.4
JHID John Hancock International High Dividend ETF 4.9 46 4 8.5 +2.0
VGK Vanguard FTSE Europe ETF 4.8 6 44 7.1 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.7 58 -8 6.3 -0.2
IQDG WisdomTree International Quality Dividend Growth Fund 4.7 42 8 6.4 -0.1
FEP First Trust Europe AlphaDEX Fund 4.7 80 -30 7.9 +1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.7 58 -8 6.5 -0.0
SPEU SPDR Portfolio Europe ETF 4.7 7 43 7.0 +0.5
EFV iShares MSCI EAFE Value ETF 4.6 34 16 8.4 +1.9
FENI Fidelity Enhanced International ETF 4.6 28 22 6.0 -0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.6 9 41 8.7 +2.2
IVLU iShares MSCI Intl Value Factor ETF 4.6 30 20 9.4 +3.0
OCEN IQ Clean Oceans ETF 4.5 45 5 5.1 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.5 42 8 6.1 -0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.3 22 28 5.8 -0.6
RFEU First Trust Riverfront Dynamic Europe ETF 4.3 83 -33 9.7 +3.3
JIRE JPMorgan International Research Enhanced Equity ETF 4.3 24 26 6.7 +0.2
CLNR IQ Cleaner Transport ETF 4.2 45 5 5.0 -1.5
DWMF WisdomTree International Multifactor Fund 4.2 38 12 6.9 +0.4
FAN First Trust Global Wind Energy ETF 4.2 60 -10 3.9 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 4.1 31 19 5.8 -0.7
BKCI BNY Mellon Concentrated International ETF 4.0 80 -30 5.0 -1.5
SUPL ProShares Supply Chain Logistics ETF 4.0 58 -8 10.1 +3.6
AWAY ETFMG Travel Tech ETF 4.0 76 -26 -0.1 -6.6
CGXU Capital Group International Focus Equity ETF 4.0 54 -4 5.3 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.0 46 4 5.6 -0.9
CGDG Capital Group Dividend Growers ETF 4.0 47 3 5.9 -0.5
JHMD John Hancock Multifactor Developed International ETF 3.9 39 11 7.0 +0.6
HAP VanEck Natural Resources ETF 3.9 50 0 8.7 +2.2
IGF iShares Global Infrastructure ETF 3.8 41 9 4.6 -1.9
TPIF Timothy Plan International ETF 3.8 62 -12 5.9 -0.6
GII SPDR S&P Global Infrastructure ETF 3.8 40 10 4.6 -1.9
QINT American Century Quality Diversified International ETF 3.8 39 11 6.7 +0.2
VYMI Vanguard International High Dividend Yield ETF 3.8 17 33 8.9 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.7 20 30 6.0 -0.5
IQRA IQ CBRE Real Assets ETF 3.7 65 -15 5.6 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 3.7 20 30 6.3 -0.2
DIM WisdomTree International MidCap Dividend Fund 3.6 58 -8 7.0 +0.6
AGQI First Trust Active Global Quality Income ETF 3.6 85 -35 4.5 -2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.6 25 25 6.7 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.6 58 -8 8.5 +2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.6 47 3 5.6 -0.9
CGIE Capital Group International Equity ETF 3.6 54 -4 4.8 -1.7
EFA iShares MSCI EAFE ETF 3.5 35 15 6.2 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.5 36 14 6.1 -0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.5 35 15 6.1 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 30 6.4 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.5 39 11 6.2 -0.3
DEW WisdomTree Global High Dividend Fund 3.5 58 -8 8.2 +1.7
COPY Tweedy, Browne Insider + Value ETF 3.4 80 -30 11.7 +5.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.4 30 20 6.7 +0.2
STXI Strive International Developed Markets ETF 3.4 29 21 6.2 -0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 3.4 20 30 6.0 -0.5
CIL VictoryShares International Volatility Wtd ETF 3.3 45 5 6.2 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 3.3 20 30 6.4 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.1 32 18 5.9 -0.6
FIVA Fidelity International Value Factor ETF 3.1 18 32 9.1 +2.6
IEFA iShares Core MSCI EAFE ETF 3.0 7 43 6.6 +0.1
INTF iShares International Equity Factor ETF 3.0 15 35 7.2 +0.7
WTRE WisdomTree New Economy Real Estate Fund 3.0 58 -8 7.5 +1.1
SRVR Pacer Data & Infrastructure Real Estate ETF 3.0 55 -5 4.3 -2.1
BKIE BNY Mellon International Equity ETF 3.0 4 46 6.5 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 25 8.8 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.9 45 5 8.2 +1.7
FDD First Trust Stoxx European Select Dividend Index Fund 2.9 58 -8 11.0 +4.6
IGRO iShares International Dividend Growth ETF 2.9 15 35 6.9 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.9 80 -30 5.9 -0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.9 12 38 5.7 -0.8
TOLL Tema Durable Quality ETF 2.9 75 -25 5.1 -1.4
JIG JPMorgan International Growth ETF 2.8 55 -5 4.5 -2.0
IQSI IQ Candriam International Equity ETF 2.8 15 35 6.1 -0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.7 70 -20 3.9 -2.6
IQLT iShares MSCI Intl Quality Factor ETF 2.7 30 20 6.1 -0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.7 50 0 5.8 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 2.7 4 46 6.6 +0.1
SCHF Schwab International Equity ETF 2.7 6 44 6.7 +0.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.6 80 -30 4.1 -2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.6 14 36 5.8 -0.7
VEA Vanguard FTSE Developed Markets ETF 2.5 3 47 6.7 +0.2
FDCF Fidelity Disruptive Communications ETF 2.5 50 0 4.2 -2.3
DFSI Dimensional International Sustainability Core 1 ETF 2.5 24 26 6.0 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 2.5 83 -33 8.8 +2.3
SPDW SPDR Portfolio Developed World ex-US ETF 2.5 3 47 6.5 +0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.5 65 -15 10.0 +3.6
EFG iShares MSCI EAFE Growth ETF 2.4 36 14 4.1 -2.4
DIVI Franklin International Core Dividend Tilt Index ETF 2.4 9 41 7.5 +1.0
FRNW Fidelity Clean Energy ETF 2.4 39 11 2.1 -4.4
DIHP Dimensional International High Profitability ETF 2.4 29 21 6.6 +0.1
IXG iShares Global Financials ETF 2.4 42 8 6.5 -0.0
IDHQ Invesco S&P International Developed High Quality ETF 2.4 29 21 6.3 -0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 -15 7.9 +1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.3 39 11 7.5 +1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 13 7.7 +1.2
DFIV Dimensional International Value ETF 2.3 27 23 8.7 +2.3
CWI SPDR MSCI ACWI ex-US ETF 2.3 30 20 7.2 +0.7
AVIV Avantis International Large Cap Value ETF 2.2 25 25 8.1 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.2 41 9 6.9 +0.4
NUKZ Range Nuclear Renaissance Index ETF 2.2 85 -35 1.3 -5.2
IDOG ALPS International Sector Dividend Dogs ETF 2.2 50 0 11.3 +4.8
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 16 7.1 +0.7
DFAI Dimensional International Core Equity Market ETF 2.1 18 32 6.7 +0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 32 7.1 +0.6
TTAI FCF International Quality ETF 2.0 59 -9 7.2 +0.8
PPIE Putnam PanAgora ESG International Equity ETF 2.0 49 1 6.9 +0.4
IDLV Invesco S&P International Developed Low Volatility ETF 2.0 25 25 6.5 +0.0
RCGE RockCreek Global Equality ETF 2.0 95 -45 6.6 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 2.0 12 38 5.2 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 46 7.5 +1.0
WWJD Inspire International ETF 1.9 80 -30 6.9 +0.5
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -8 6.7 +0.3
DGT State Street SPDR Global Dow ETF 1.9 50 0 6.4 -0.0
IXUS iShares Core MSCI Total International Stock ETF 1.8 7 43 7.3 +0.9
VXUS Vanguard Total International Stock ETF 1.8 5 45 7.4 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 3 7.6 +1.2
DFIC Dimensional International Core Equity 2 ETF 1.7 23 27 7.0 +0.5
VSGX Vanguard ESG International Stock ETF 1.7 10 40 7.3 +0.9
ESGG FlexShares STOXX Global ESG Select Index Fund 1.7 42 8 5.2 -1.3
AVDE Avantis International Equity ETF 1.6 23 27 6.9 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -8 4.2 -2.2
FIDI Fidelity International High Dividend ETF 1.6 18 32 8.0 +1.5
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 8.1 +1.6
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 16 5.5 -1.0
FDEV Fidelity International Multifactor ETF 1.5 18 32 7.3 +0.9
DXIV Dimensional International Vector Equity ETF 1.5 34 16 7.4 +0.9
AVSD Avantis Responsible International Equity ETF 1.5 23 27 4.9 -1.5
ISCF iShares International SmallCap Equity Factor ETF 1.5 23 27 8.0 +1.5
CZAR Themes Natural Monopoly ETF 1.5 35 15 5.5 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.4 80 -30 8.4 +2.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.4 75 -25 2.8 -3.7
CGGO Capital Group Global Growth Equity ETF 1.3 47 3 4.1 -2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 20 7.3 +0.9
WLDR Affinity World Leaders Equity ETF 1.3 67 -17 7.1 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 26 7.1 +0.6
TMFG Motley Fool Global Opportunities ETF 1.3 85 -35 4.0 -2.5
GCOW Pacer Global Cash Cows Dividend ETF 1.2 60 -10 10.3 +3.8
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 -9 11.2 +4.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.2 65 -15 4.6 -1.9
URAN Themes Uranium & Nuclear ETF 1.2 35 15 1.3 -5.2
VOLT Tema Electrification ETF 1.2 75 -25 3.4 -3.1
XT iShares Exponential Technologies ETF 1.1 46 4 4.5 -2.0
VIDI Vident International Equity Strategy ETF 1.1 61 -11 10.1 +3.7
JSTC Adasina Social Justice All Cap Global ETF 1.1 89 -39 5.0 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 40 5.5 -1.0
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -15 4.7 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 1.1 30 20 5.7 -0.7
DWX SPDR S&P International Dividend ETF 1.1 45 5 7.2 +0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 38 5.0 -1.5
JETS U.S. Global Jets ETF 1.0 60 -10 3.2 -3.3
SCHY Schwab International Dividend Equity ETF 1.0 14 36 9.2 +2.8
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 3 8.3 +1.8
BLES Inspire Global Hope ETF 1.0 61 -11 6.7 +0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.0 25 25 5.9 -0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.9 9 41 5.0 -1.5
TOK iShares MSCI Kokusai ETF 0.9 26 24 4.9 -1.6
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -25 4.8 -1.6
GLOF iShares Global Equity Factor ETF 0.9 20 30 6.6 +0.1
URTH iShares MSCI World ETF 0.9 24 26 4.9 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 41 5.4 -1.0
AVDV Avantis International Small Cap Value ETF 0.8 36 14 8.8 +2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 17 9.0 +2.6
IXC iShares Global Energy ETF 0.8 44 6 9.8 +3.3
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.8 -5.7
DISV Dimensional International Small Cap Value ETF 0.8 42 8 8.7 +2.3
NXTG First Trust Indxx NextG ETF 0.8 70 -20 4.8 -1.6
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.8 60 -10 3.8 -2.7
ACWI iShares MSCI ACWI ETF 0.8 32 18 5.3 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 30 5.4 -1.1
IOO iShares Global 100 ETF 0.7 41 9 4.5 -2.0
IXP iShares Global Comm Services ETF 0.7 42 8 5.8 -0.6
DFIS Dimensional International Small Cap ETF 0.7 39 11 7.0 +0.5
VT Vanguard Total World Stock ETF 0.7 6 44 5.6 -0.8
KNCT Invesco Next Gen Connectivity ETF 0.6 40 10 4.5 -2.0
EXI iShares Global Industrials ETF 0.6 42 8 4.3 -2.2
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 10 9.5 +3.1
DTAN Sparkline International Intangible Value ETF 0.5 55 -5 7.8 +1.4
GNR SPDR S&P Global Natural Resources ETF 0.5 40 10 10.2 +3.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 9.4 +2.9
CGGR Capital Group Growth ETF 0.4 39 11 3.3 -3.1
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -15 4.1 -2.4
AVDS Avantis International Small Cap Equity ETF 0.4 30 20 6.9 +0.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 11 9.0 +2.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 6.8 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 11 5.7 -0.8
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -5 8.7 +2.2
RODE Hartford Multifactor Diversified International ETF 0.2 29 21 10.3 +3.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 21 7.5 +1.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.7 -2.8
IBUY Amplify Online Retail ETF 0.1 65 -15 2.6 -3.9
IXJ iShares Global Healthcare ETF 0.1 42 8 6.6 +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 11.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 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.