iShares MSCI Spain ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 3.9%


  • 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) $1,312
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) $68,206
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 17.9 %
IBERDROLA SA 15.6 %
BANCO BILBAO VIZCAYA ARGENTA 12.0 %
GRUPO FERROVIAL 4.5 %
AMADEUS IT HOLDING SA-A SHS 4.4 %
CRITERIA CAIXACORP SA 4.4 %
TELEFONICA SA 4.4 %
CELLNEX TELECOM S.A. 4.3 %
INDITEX 4.2 %
AENA SME SA 4.2 %
Total 75.9 %

TOP COUNTRY EXPOSURE
SPAIN 94.3 %
BRITAIN 1.6 %









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.
39.4% 30.7% 17.9% 5.4% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.76 35%
MSCI EAFE 1.00 64%
MSCI Emg. Mkts. 0.81 42%

Technical Indicators
Recent close $43.73
30d moving avg. $43.21
Annualized volatility 21.4%
Short interest (ETF) 2.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 542
Turnover 1.8%
Bid/Ask (% of price) 0.04%
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™: 7.4%


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 14.5 58 -8 6.8 -0.6
EUFN iShares MSCI Europe Financials ETF 9.7 51 -1 8.4 +1.0
VCLN Virtus Duff & Phelps Clean Energy ETF 9.5 59 -9 5.7 -1.8
EZU iShares MSCI Eurozone ETF 9.1 52 -2 6.7 -0.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 9.0 75 -25 7.9 +0.4
FEZ SPDR EURO STOXX 50 ETF 8.7 29 21 7.2 -0.2
SMOG VanEck Low Carbon Energy ETF 8.6 61 -11 1.6 -5.8
BLLD JPMorgan Sustainable Infrastructure ETF 8.2 49 1 6.1 -1.3
EFAS Global X MSCI SuperDividend EAFE ETF 8.0 57 -7 8.5 +1.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.9 45 5 7.2 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 7.9 80 -30 9.2 +1.8
IPAV Global X Infrastructure Development ex-U.S. ETF 7.1 55 -5 7.7 +0.3
JXI iShares Global Utilities ETF 6.7 43 7 5.9 -1.5
DTH WisdomTree International High Dividend Fund 6.6 58 -8 9.0 +1.6
IDV iShares International Select Dividend ETF 6.3 51 -1 11.2 +3.8
ICLN iShares Global Clean Energy ETF 6.2 41 9 6.0 -1.4
DOL WisdomTree International LargeCap Dividend Fund 6.1 48 2 7.4 +0.0
FEP First Trust Europe AlphaDEX Fund 6.0 80 -30 9.3 +1.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 5.7 48 2 5.9 -1.5
GSFP Goldman Sachs Future Planet Equity ETF 5.3 75 -25 4.6 -2.8
IMTM iShares MSCI Intl Momentum Factor ETF 5.1 30 20 5.4 -2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 56 -6 11.2 +3.8
IEV iShares Europe ETF 5.0 67 -17 6.9 -0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.0 58 -8 7.0 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 4.9 42 8 7.0 -0.4
DWM WisdomTree International Equity Fund 4.9 48 2 7.5 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.8 40 10 7.6 +0.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.8 79 -29 5.3 -2.1
UIVM VictoryShares International Value Momentum ETF 4.7 35 15 9.0 +1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 4.6 55 -5 5.8 -1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.5 25 25 7.3 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.5 58 -8 6.8 -0.6
FAN First Trust Global Wind Energy ETF 4.4 60 -10 4.6 -2.8
BKCI BNY Mellon Concentrated International ETF 4.4 80 -30 5.0 -2.4
SUPL ProShares Supply Chain Logistics ETF 4.4 58 -8 11.6 +4.1
IEUR iShares Core MSCI Europe ETF 4.4 11 39 7.3 -0.1
VGK Vanguard FTSE Europe ETF 4.4 6 44 7.4 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 4.3 46 4 7.0 -0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.3 22 28 5.7 -1.7
SRVR Pacer Data & Infrastructure Real Estate ETF 4.3 55 -5 3.8 -3.6
BBEU JPMorgan BetaBuilders Europe ETF 4.3 9 41 7.2 -0.2
FLEE Franklin FTSE Europe ETF 4.2 9 41 7.4 -0.0
VWID Virtus WMC International Dividend ETF 4.2 49 1 8.9 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.2 42 8 6.7 -0.7
EFV iShares MSCI EAFE Value ETF 4.2 34 16 9.4 +2.0
SPEU SPDR Portfolio Europe ETF 4.1 7 43 7.4 -0.1
HAP VanEck Natural Resources ETF 4.1 50 0 9.9 +2.4
INEQ Columbia International Equity Income ETF 4.1 45 5 8.3 +0.9
WTRE WisdomTree New Economy Real Estate Fund 4.1 58 -8 9.1 +1.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.0 46 4 5.6 -1.8
IVLU iShares MSCI Intl Value Factor ETF 4.0 30 20 10.7 +3.3
TEMP JPMorgan Climate Change Solutions ETF 4.0 49 1 5.8 -1.7
RFEU First Trust Riverfront Dynamic Europe ETF 3.9 83 -33 10.5 +3.1
AWAY ETFMG Travel Tech ETF 3.8 76 -26 0.0 -7.4
JHID John Hancock International High Dividend ETF 3.7 46 4 9.9 +2.5
CGDG Capital Group Dividend Growers ETF 3.7 47 3 6.2 -1.2
FENI Fidelity Enhanced International ETF 3.7 28 22 6.7 -0.7
CGIE Capital Group International Equity ETF 3.7 54 -4 4.9 -2.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.7 80 -30 10.1 +2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.6 9 41 9.3 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 3.6 31 19 6.3 -1.1
IGF iShares Global Infrastructure ETF 3.6 41 9 4.8 -2.6
GII SPDR S&P Global Infrastructure ETF 3.5 40 10 4.8 -2.6
OCEN IQ Clean Oceans ETF 3.5 45 5 6.2 -1.2
ESGD iShares ESG Aware MSCI EAFE ETF 3.4 20 30 6.9 -0.5
DWMF WisdomTree International Multifactor Fund 3.4 38 12 7.0 -0.5
VYMI Vanguard International High Dividend Yield ETF 3.4 17 33 9.9 +2.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.4 35 15 6.8 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.4 20 30 6.5 -1.0
JIRE JPMorgan International Research Enhanced Equity ETF 3.3 24 26 7.1 -0.3
CLNR IQ Cleaner Transport ETF 3.3 45 5 6.6 -0.9
EFA iShares MSCI EAFE ETF 3.2 35 15 6.9 -0.5
JHMD John Hancock Multifactor Developed International ETF 3.2 39 11 7.7 +0.3
CGXU Capital Group International Focus Equity ETF 3.2 54 -4 5.7 -1.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.2 30 20 7.1 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.1 45 5 9.0 +1.6
TPIF Timothy Plan International ETF 3.1 62 -12 6.2 -1.2
STXI Strive International Developed Markets ETF 3.1 29 21 7.0 -0.4
IGRO iShares International Dividend Growth ETF 3.0 15 35 7.2 -0.2
QINT American Century Quality Diversified International ETF 3.0 39 11 7.4 -0.0
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 25 9.7 +2.3
IQRA IQ CBRE Real Assets ETF 3.0 65 -15 5.8 -1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.9 47 3 5.8 -1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.9 20 30 6.7 -0.8
COPY Tweedy, Browne Insider + Value ETF 2.9 80 -30 12.0 +4.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.9 25 25 7.2 -0.3
DWX SPDR S&P International Dividend ETF 2.9 45 5 6.2 -1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.9 36 14 6.9 -0.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.8 65 -15 11.7 +4.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.8 20 30 7.2 -0.2
INTF iShares International Equity Factor ETF 2.8 15 35 7.9 +0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.8 12 38 6.1 -1.3
VOLT Tema Electrification ETF 2.8 75 -25 2.8 -4.6
IEFA iShares Core MSCI EAFE ETF 2.7 7 43 7.2 -0.2
DIM WisdomTree International MidCap Dividend Fund 2.7 58 -8 7.6 +0.2
FDD First Trust Stoxx European Select Dividend Index Fund 2.7 58 -8 11.8 +4.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.7 39 11 6.7 -0.7
GSID Goldman Sachs MarketBeta International Equity ETF 2.7 20 30 7.0 -0.4
CIL VictoryShares International Volatility Wtd ETF 2.7 45 5 6.6 -0.8
IDAT iShares Future Cloud 5G and Tech ETF 2.7 47 3 4.8 -2.6
DEW WisdomTree Global High Dividend Fund 2.6 58 -8 8.8 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 0 5.8 -1.7
JIG JPMorgan International Growth ETF 2.6 55 -5 4.7 -2.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.6 58 -8 9.0 +1.6
DFSI Dimensional International Sustainability Core 1 ETF 2.5 24 26 6.4 -1.0
DGT SPDR Global Dow ETF 2.5 50 0 7.3 -0.1
SCHF Schwab International Equity ETF 2.5 6 44 7.4 -0.0
AGQI First Trust Active Global Quality Income ETF 2.5 85 -35 5.3 -2.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 -15 7.4 -0.0
TOLL Tema Monopolies and Oligopolies ETF 2.5 75 -25 3.9 -3.5
IQLT iShares MSCI Intl Quality Factor ETF 2.5 30 20 6.2 -1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.5 32 18 5.9 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 2.4 4 46 7.2 -0.2
RCGE RockCreek Global Equality ETF 2.4 95 -45 6.4 -1.0
IDMO Invesco S&P International Developed Momentum ETF 2.4 25 25 5.4 -2.1
BKIE BNY Mellon International Equity ETF 2.4 4 46 7.0 -0.4
FDCF Fidelity Disruptive Communications ETF 2.4 50 0 3.0 -4.4
SPDW SPDR Portfolio Developed World ex-US ETF 2.3 3 47 7.2 -0.2
VEA Vanguard FTSE Developed Markets ETF 2.3 3 47 7.3 -0.1
IDHQ Invesco S&P International Developed High Quality ETF 2.3 29 21 6.6 -0.8
EFG iShares MSCI EAFE Growth ETF 2.3 36 14 4.3 -3.1
IQSI IQ Candriam International Equity ETF 2.3 15 35 6.6 -0.8
FIVA Fidelity International Value Factor ETF 2.3 18 32 10.3 +2.8
DFIV Dimensional International Value ETF 2.2 27 23 10.1 +2.7
FRNW Fidelity Clean Energy ETF 2.2 39 11 4.2 -3.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.2 58 -8 4.7 -2.7
DIHP Dimensional International High Profitability ETF 2.2 29 21 7.2 -0.2
CWI SPDR MSCI ACWI ex-US ETF 2.1 30 20 7.8 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 36 6.3 -1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 2.1 83 -33 9.7 +2.3
PPIE Putnam PanAgora ESG International Equity ETF 2.1 49 1 7.4 -0.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.1 80 -30 5.6 -1.9
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 12.4 +5.0
FICS First Trust International Developed Capital Strength ETF 2.0 70 -20 6.3 -1.2
TTAI FCF International Quality ETF 2.0 59 -9 7.0 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 2.0 34 16 7.9 +0.5
IXG iShares Global Financials ETF 2.0 42 8 6.8 -0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 2.0 37 13 8.6 +1.2
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 -25 7.7 +0.3
DFAI Dimensional International Core Equity Market ETF 2.0 18 32 7.3 -0.1
DIVI Franklin International Core Dividend Tilt Index ETF 2.0 9 41 8.1 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 1.9 25 25 6.5 -0.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.9 70 -20 4.7 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 1.9 4 46 8.2 +0.8
AVIV Avantis International Large Cap Value ETF 1.9 25 25 9.0 +1.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.9 65 -15 3.6 -3.8
DMXF iShares ESG Advanced MSCI EAFE ETF 1.9 12 38 5.5 -1.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.8 80 -30 4.8 -2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.8 39 11 8.2 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 9 7.8 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.7 47 3 8.5 +1.1
VXUS Vanguard Total International Stock ETF 1.7 5 45 8.1 +0.6
IXUS iShares Core MSCI Total International Stock ETF 1.7 7 43 8.0 +0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 32 7.7 +0.2
DFIC Dimensional International Core Equity 2 ETF 1.7 23 27 7.6 +0.2
VSGX Vanguard ESG International Stock ETF 1.6 10 40 7.9 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.6 34 16 5.9 -1.5
TMFG Motley Fool Global Opportunities ETF 1.6 85 -35 3.9 -3.5
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 9.1 +1.7
IPKW Invesco International BuyBack Achievers ETF 1.5 55 -5 13.7 +6.2
WWJD Inspire International ETF 1.5 80 -30 7.4 -0.1
DXIV Dimensional International Vector Equity ETF 1.4 34 16 8.0 +0.6
AIVI WisdomTree International AI Enhanced Value Fund 1.4 58 -8 7.4 0.0
VIDI Vident International Equity Strategy ETF 1.4 61 -11 11.5 +4.1
GCOW Pacer Global Cash Cows Dividend ETF 1.4 60 -10 11.2 +3.8
FDEV Fidelity International Multifactor ETF 1.4 18 32 7.4 +0.0
AVDE Avantis International Equity ETF 1.3 23 27 7.6 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 1.3 42 8 5.5 -1.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -25 3.1 -4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 20 8.2 +0.7
FIDI Fidelity International High Dividend ETF 1.3 18 32 9.1 +1.7
AVSD Avantis Responsible International Equity ETF 1.3 23 27 5.7 -1.7
URAN Themes Uranium & Nuclear ETF 1.2 35 15 1.8 -5.6
ISCF iShares International SmallCap Equity Factor ETF 1.2 23 27 8.4 +1.0
XT iShares Exponential Technologies ETF 1.2 46 4 4.8 -2.6
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -39 4.8 -2.6
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 -15 5.1 -2.3
NXTG First Trust Indxx NextG ETF 1.1 70 -20 5.3 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 40 5.9 -1.5
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 3 9.3 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 1.1 30 20 6.1 -1.3
PBD Invesco Global Clean Energy ETF 1.1 75 -25 0.6 -6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 38 5.3 -2.1
CGGO Capital Group Global Growth Equity ETF 1.0 47 3 4.7 -2.8
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 12.0 +4.6
IXP iShares Global Comm Services ETF 1.0 42 8 5.6 -1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 26 7.6 +0.1
WLDR Affinity World Leaders Equity ETF 1.0 67 -17 7.8 +0.4
JETS U.S. Global Jets ETF 1.0 60 -10 2.9 -4.5
SCHY Schwab International Dividend Equity ETF 0.9 14 36 9.7 +2.3
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -25 5.1 -2.4
TOK iShares MSCI Kokusai ETF 0.9 26 24 5.2 -2.2
URTH iShares MSCI World ETF 0.8 24 26 5.3 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 41 5.9 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.8 9 41 5.3 -2.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.8 25 25 6.0 -1.4
BLES Inspire Global Hope ETF 0.8 61 -11 6.9 -0.5
DFIS Dimensional International Small Cap ETF 0.8 39 11 7.4 +0.0
GLOF iShares Global Equity Factor ETF 0.7 20 30 6.8 -0.6
ACWI iShares MSCI ACWI ETF 0.7 32 18 5.7 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 30 5.8 -1.6
DISV Dimensional International Small Cap Value ETF 0.7 42 8 9.6 +2.2
KNCT Invesco Next Gen Connectivity ETF 0.7 40 10 5.0 -2.4
IOO iShares Global 100 ETF 0.7 41 9 5.0 -2.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -10 3.6 -3.8
FILL iShares MSCI Global Energy Producers ETF 0.7 39 11 12.2 +4.8
IXC iShares Global Energy ETF 0.7 44 6 10.6 +3.2
VT Vanguard Total World Stock ETF 0.6 6 44 6.0 -1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 17 10.1 +2.7
AVDV Avantis International Small Cap Value ETF 0.6 36 14 10.2 +2.8
EXI iShares Global Industrials ETF 0.5 42 8 4.6 -2.9
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 2 1.6 -5.8
CGGR Capital Group Growth ETF 0.4 39 11 3.2 -4.2
GNR SPDR S&P Global Natural Resources ETF 0.4 40 10 11.8 +4.4
LVHI Franklin International Low Volatility High Dividend Index ET 0.4 40 10 11.0 +3.6
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -15 4.3 -3.2
DTAN Sparkline International Intangible Value ETF 0.4 55 -5 8.2 +0.8
AVDS Avantis International Small Cap Equity ETF 0.3 30 20 7.6 +0.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 4 10.5 +3.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 11 5.9 -1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 1 7.0 -0.4
RODE Hartford Multifactor Diversified International ETF 0.2 29 21 12.7 +5.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 21 8.0 +0.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.8 -3.6
IBUY Amplify Online Retail ETF 0.1 65 -15 1.3 -6.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 11 11.8 +4.4
IXJ iShares Global Healthcare ETF 0.0 42 8 7.3 -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 11.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.62
 
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.