iShares MSCI Spain ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 10.0x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 5.2%


  • 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) $1,051
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) $53,490
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 10.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BANCO SANTANDER SA 17.1 %
IBERDROLA SA 16.4 %
BANCO BILBAO VIZCAYA ARGENTA 13.9 %
CRITERIA CAIXACORP SA 5.0 %
TELEFONICA SA 4.6 %
INDITEX 4.6 %
REPSOL YPF SA 4.6 %
AENA SA 4.3 %
AMADEUS IT HOLDING SA-A SHS 4.0 %
FERROVIAL 4.0 %
Total 78.5 %

TOP COUNTRY EXPOSURE
SPAIN 96.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.4% 7.9% 3.6% 0.1% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.82 46%
MSCI EAFE 1.08 75%
MSCI Emg. Mkts. 0.84 49%

Technical Indicators
Recent close $31.85
30d moving avg. $29.76
Annualized volatility 21.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 414
Turnover 1.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,261

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 219 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™: 8.5%


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 10.8 58 -8 8.4 -0.1
SMOG VanEck Low Carbon Energy ETF 8.4 61 -11 3.0 -5.5
EUFN iShares MSCI Europe Financials ETF 8.3 51 -1 8.1 -0.4
IPKW Invesco International BuyBack Achievers ETF 7.7 55 -5 9.1 +0.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 7.5 75 -25 7.8 -0.7
EZU iShares MSCI Eurozone ETF 7.5 52 -2 6.2 -2.3
IGF iShares Global Infrastructure ETF 7.3 41 9 5.0 -3.5
GII SPDR S&P Global Infrastructure ETF 7.3 40 10 5.0 -3.5
FEZ SPDR EURO STOXX 50 ETF 7.1 29 21 6.2 -2.3
FLEU Franklin FTSE Eurozone ETF 6.9 9 41 6.7 -1.8
GLIF AGF Global Infrastructure ETF 6.9 45 5 5.5 -3.0
GVAL Cambria Global Value ETF 6.8 68 -18 12.3 +3.9
EFAS Global X MSCI SuperDividend EAFE ETF 6.6 57 -7 9.7 +1.2
IDV iShares International Select Dividend ETF 6.5 51 -1 12.3 +3.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.4 45 5 6.2 -2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.9 58 -8 5.5 -2.9
IQDG WisdomTree International Quality Dividend Growth Fund 5.9 42 8 5.8 -2.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.7 56 -6 13.9 +5.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 5.6 45 5 6.2 -2.2
JXI iShares Global Utilities ETF 5.6 43 7 6.7 -1.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 5.5 39 11 12.7 +4.2
FEUZ First Trust Eurozone AlphaDEX ETF 5.5 80 -30 8.3 -0.2
JHID John Hancock International High Dividend ETF 5.2 46 4 11.5 +3.0
DTH WisdomTree International High Dividend Fund 5.0 58 -8 10.1 +1.7
DOL WisdomTree International LargeCap Dividend Fund 4.9 48 2 7.7 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.7 58 -8 6.0 -2.5
LVHI Franklin International Low Volatility High Dividend Index ET 4.6 40 10 10.2 +1.7
OEUR ALPS O'Shares Europe Quality Dividend ETF 4.3 48 2 5.7 -2.8
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 4.3 55 -5 3.6 -4.8
FIDI Fidelity International High Dividend ETF 4.3 18 32 10.1 +1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.2 25 25 7.4 -1.1
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 0 11.6 +3.1
DWX SPDR S&P International Dividend ETF 4.0 45 5 7.1 -1.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.0 22 28 6.2 -2.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.0 79 -29 5.1 -3.3
TEMP JPMorgan Climate Change Solutions ETF 4.0 49 1 4.7 -3.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.0 46 4 5.6 -2.9
IEV iShares Europe ETF 4.0 67 -17 6.1 -2.4
AWAY ETFMG Travel Tech ETF 4.0 76 -26 -4.1 -12.6
FICS First Trust International Developed Capital Strength ETF 4.0 70 -20 6.1 -2.4
RFEU First Trust Riverfront Dynamic Europe ETF 3.9 83 -33 8.7 +0.3
EFV iShares MSCI EAFE Value ETF 3.9 34 16 9.1 +0.6
WTRE WisdomTree New Economy Real Estate Fund 3.9 58 -8 5.0 -3.4
SRVR Pacer Data & Infrastructure Real Estate ETF 3.9 55 -5 2.9 -5.6
DWM WisdomTree International Equity Fund 3.9 48 2 7.8 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.9 40 10 7.8 -0.6
FAN First Trust Global Wind Energy ETF 3.8 60 -10 5.5 -3.0
FEP First Trust Europe AlphaDEX Fund 3.8 80 -30 8.6 +0.2
EUDV ProShares MSCI Europe Dividend Growers ETF 3.8 55 -5 5.0 -3.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.8 47 3 5.9 -2.6
SUPL ProShares Supply Chain Logistics ETF 3.7 58 -8 13.1 +4.6
AIVI WisdomTree International AI Enhanced Value Fund 3.7 58 -8 8.0 -0.4
GSFP Goldman Sachs Future Planet Equity ETF 3.7 75 -25 4.5 -3.9
BLLD JPMorgan Sustainable Infrastructure ETF 3.6 49 1 6.2 -2.3
UIVM VictoryShares International Value Momentum ETF 3.6 35 15 10.7 +2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 3.6 46 4 6.3 -2.2
BBEU JPMorgan BetaBuilders Europe ETF 3.5 9 41 6.7 -1.8
VGK Vanguard FTSE Europe ETF 3.5 11 39 6.8 -1.7
VWID Virtus WMC International Dividend ETF 3.5 49 1 9.4 +0.9
FLEE Franklin FTSE Europe ETF 3.5 9 41 6.8 -1.7
IEUR iShares Core MSCI Europe ETF 3.4 11 39 -1.3 -9.8
SPEU SPDR Portfolio Europe ETF 3.3 7 43 6.6 -1.9
IVLU iShares MSCI Intl Value Factor ETF 3.3 30 20 10.6 +2.2
QINT American Century Quality Diversified International ETF 3.3 39 11 7.4 -1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.3 32 18 6.7 -1.8
NLR VanEck Uranium+Nuclear Energy ETF 3.2 61 -11 4.5 -4.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.2 9 41 9.8 +1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 3.2 31 19 6.4 -2.1
CID VictoryShares International High Div Volatility Wtd ETF 3.1 45 5 9.5 +1.0
IGRO iShares International Dividend Growth ETF 3.1 15 35 7.1 -1.4
DWMF WisdomTree International Multifactor Fund 3.1 38 12 7.3 -1.2
VYMI Vanguard International High Dividend Yield ETF 3.0 22 28 9.7 +1.2
HAP VanEck Natural Resources ETF 3.0 50 0 9.5 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.0 39 11 7.6 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.0 65 -15 12.8 +4.3
MOTI VanEck Morningstar International Moat ETF 2.9 58 -8 6.9 -1.6
JHMD John Hancock Multifactor Developed International ETF 2.9 39 11 7.4 -1.1
FDEV Fidelity International Multifactor ETF 2.9 18 32 7.5 -1.0
FNDF Schwab Fundamental International Large Co. Index ETF 2.9 25 25 9.1 +0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.8 30 20 6.8 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.8 45 5 8.5 -0.0
TMFG Motley Fool Global Opportunities ETF 2.8 85 -35 3.3 -5.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.8 20 30 6.9 -1.6
ESGD iShares ESG Aware MSCI EAFE ETF 2.7 20 30 6.3 -2.2
BKCI BNY Mellon Concentrated International ETF 2.7 80 -30 5.2 -3.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.7 20 30 6.3 -2.2
FDD First Trust Stoxx European Select Dividend Index Fund 2.6 58 -8 12.9 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 2.6 30 20 6.8 -1.7
EFA iShares MSCI EAFE ETF 2.6 35 15 6.4 -2.1
OCEN IQ Clean Oceans ETF 2.6 45 5 5.3 -3.2
CLNR IQ Cleaner Transport ETF 2.5 45 5 8.3 -0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 -15 8.4 -0.1
VCLN Virtus Duff & Phelps Clean Energy ETF 2.5 59 -9 3.5 -5.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.4 35 15 6.4 -2.1
IQIN IQ 500 International ETF 2.4 25 25 8.8 +0.3
AHOY Newday Ocean Health ETF 2.4 75 -25 5.6 -2.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.4 20 30 10.7 +2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.3 25 25 7.4 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.3 36 14 6.4 -2.1
DGT SPDR Global Dow ETF 2.3 50 0 6.7 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 2.3 20 30 6.7 -1.8
FYLD Cambria Foreign Shareholder Yield ETF 2.2 59 -9 12.0 +3.5
DFIV Dimensional International Value ETF 2.2 27 23 9.8 +1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.2 50 0 5.1 -3.4
IQLT iShares MSCI Intl Quality Factor ETF 2.2 30 20 5.7 -2.8
TPIF Timothy Plan International ETF 2.2 62 -12 6.7 -1.8
CIL VictoryShares International Volatility Wtd ETF 2.2 45 5 6.9 -1.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 2.2 51 -1 6.8 -1.7
IEFA iShares Core MSCI EAFE ETF 2.2 7 43 2.7 -5.8
HFXI IQ FTSE International Equity Currency Neutral ETF 2.2 20 30 6.8 -1.7
DIHP Dimensional International High Profitability ETF 2.1 29 21 6.9 -1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 2.1 83 -33 9.0 +0.5
IDMO Invesco S&P International Developed Momentum ETF 2.1 25 25 7.0 -1.5
SCHF Schwab International Equity ETF 2.1 6 44 7.0 -1.5
INTF iShares International Equity Factor ETF 2.1 15 35 7.8 -0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.0 58 -8 9.1 +0.6
BKIE BNY Mellon International Equity ETF 2.0 4 46 6.9 -1.6
IDAT iShares Future Cloud 5G and Tech ETF 2.0 47 3 4.5 -4.0
FRNW Fidelity Clean Energy ETF 2.0 39 11 3.7 -4.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 1 7.3 -1.2
DFSI Dimensional International Sustainability Core 1 ETF 2.0 24 26 6.2 -2.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.0 75 -25 4.9 -3.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.9 80 -30 5.4 -3.1
IDEV iShares Core MSCI International Developed Markets ETF 1.9 4 46 6.7 -1.8
VEA Vanguard FTSE Developed Markets ETF 1.9 5 45 7.0 -1.5
IQSI IQ Candriam International Equity ETF 1.9 15 35 6.4 -2.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.9 24 26 8.6 +0.1
JIRE JPMorgan International Research Enhanced Equity ETF 1.9 24 26 6.7 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 3 47 6.9 -1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.9 58 -8 4.6 -3.9
TOLL Tema Monopolies and Oligopolies ETF 1.8 75 -25 2.6 -5.9
ISZE iShares MSCI Intl Size Factor ETF 1.8 30 20 6.6 -1.9
CWI SPDR MSCI ACWI ex-US ETF 1.7 30 20 6.8 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.7 42 8 6.8 -1.7
IXG iShares Global Financials ETF 1.7 42 8 6.8 -1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.7 80 -30 10.8 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 1.6 34 16 6.7 -1.8
JIG JPMorgan International Growth ETF 1.6 55 -5 4.3 -4.2
DFAI Dimensional International Core Equity Market ETF 1.6 18 32 6.9 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 8 42 7.2 -1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.6 14 36 6.2 -2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 1.6 37 13 8.7 +0.2
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 3 10.7 +2.2
FIVA Fidelity International Value Factor ETF 1.6 18 32 9.3 +0.8
IDHQ Invesco S&P International Developed High Quality ETF 1.6 29 21 5.8 -2.7
PIO Invesco Global Water ETF 1.6 75 -25 4.9 -3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 9 6.7 -1.8
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 5.5 -2.9
VXUS Vanguard Total International Stock ETF 1.4 7 43 7.1 -1.4
JETS U.S. Global Jets ETF 1.4 60 -10 -15.6 -24.1
DIVI Franklin International Core Dividend Tilt Index ETF 1.4 9 41 8.0 -0.5
IXUS iShares Core MSCI Total International Stock ETF 1.4 7 43 6.9 -1.6
VSGX Vanguard ESG International Stock ETF 1.4 12 38 6.8 -1.7
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 9.1 +0.6
WWJD Inspire International ETF 1.4 80 -30 7.1 -1.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.4 75 -25 3.2 -5.3
GCOW Pacer Global Cash Cows Dividend ETF 1.4 60 -10 13.6 +5.1
AVIV Avantis International Large Cap Value ETF 1.3 25 25 8.9 +0.4
DSTX Distillate International Fundamental Stability & Value ETF 1.3 55 -5 8.0 -0.5
CGXU Capital Group International Focus Equity ETF 1.3 54 -4 4.1 -4.4
WLDR Affinity World Leaders Equity ETF 1.3 67 -17 8.5 +0.0
ESGN Columbia International ESG Equity Income ETF 1.3 45 5 9.0 +0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 3 10.3 +1.8
IQDE FlexShares International Quality Dividend Defensive Index ET 1.3 47 3 10.7 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.3 39 11 7.3 -1.2
IQRA IQ CBRE Real Assets ETF 1.3 65 -15 5.9 -2.6
TTAI FCF International Quality ETF 1.3 59 -9 7.4 -1.1
JRNY ALPS Global Travel Beneficiaries ETF 1.3 65 -15 0.0 -8.5
DFIC Dimensional International Core Equity 2 ETF 1.3 23 27 7.4 -1.1
DIM WisdomTree International MidCap Dividend Fund 1.3 58 -8 7.7 -0.8
EFG iShares MSCI EAFE Growth ETF 1.2 36 14 4.1 -4.4
VIDI Vident International Equity Strategy ETF 1.2 61 -11 11.9 +3.4
AVDE Avantis International Equity ETF 1.2 23 27 7.9 -0.6
QWLD SPDR MSCI World StrategicFactors ETF 1.1 30 20 6.0 -2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 1.1 34 16 10.6 +2.2
DMXF iShares ESG Advanced MSCI EAFE ETF 1.1 12 38 5.4 -3.1
IDLV Invesco S&P International Developed Low Volatility ETF 1.1 25 25 5.8 -2.6
IXP iShares Global Comm Services ETF 1.1 42 8 5.3 -3.2
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -15 4.3 -4.2
RODE Hartford Multifactor Diversified International ETF 1.0 29 21 11.5 +3.1
IBUY Amplify Online Retail ETF 1.0 65 -15 1.8 -6.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.0 29 21 8.8 +0.3
SDIV Global X Superdividend ETF 1.0 58 -8 17.6 +9.1
NXTG First Trust Indxx NextG ETF 1.0 70 -20 6.0 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 20 7.8 -0.7
KNCT Invesco Next Gen Connectivity ETF 0.9 40 10 5.9 -2.6
PBD Invesco Global Clean Energy ETF 0.9 75 -25 -3.9 -12.4
XT iShares Exponential Technologies ETF 0.9 46 4 3.9 -4.6
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -25 5.3 -3.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.7 42 8 5.1 -3.4
TOK iShares MSCI Kokusai ETF 0.7 26 24 5.3 -3.2
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -39 4.8 -3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 41 5.7 -2.8
IOO iShares Global 100 ETF 0.7 41 9 4.8 -3.7
URTH iShares MSCI World ETF 0.7 24 26 5.4 -3.1
IXC iShares Global Energy ETF 0.7 44 6 8.2 -0.3
BLES Inspire Global Hope ETF 0.7 61 -11 6.3 -2.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.7 9 41 5.5 -3.0
FILL iShares MSCI Global Energy Producers ETF 0.7 39 11 9.0 +0.5
GLOF iShares Global Equity Factor ETF 0.6 20 30 7.1 -1.4
ACWI iShares MSCI ACWI ETF 0.6 32 18 5.5 -3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 30 5.6 -2.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -30 5.6 -2.8
VT Vanguard Total World Stock ETF 0.5 7 43 5.8 -2.7
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 2 0.5 -8.0
GNR SPDR S&P Global Natural Resources ETF 0.5 40 10 9.2 +0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 5.1 -3.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 25 6.1 -2.4
SCHY Schwab International Dividend Equity ETF 0.5 14 36 9.2 +0.8
CGGO Capital Group Global Growth Equity ETF 0.4 47 3 4.3 -4.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 8.8 +0.3
EXI iShares Global Industrials ETF 0.3 42 8 4.7 -3.8
DFIS Dimensional International Small Cap ETF 0.3 39 11 6.7 -1.8
CGGR Capital Group Growth ETF 0.3 39 11 3.5 -5.0
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 27 8.8 +0.3
DISV Dimensional International Small Cap Value ETF 0.1 42 8 9.2 +0.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 11 6.9 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 17 7.2 -1.3
IXJ iShares Global Healthcare ETF 0.0 42 8 6.1 -2.4

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 11.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.51
 
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.