iShares MSCI Spain ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.4x P/Sales
ratio		 1.5x
P/BV
ratio		 1.7x Div.
yield		 3.3%


  • 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) $1,563
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 18.4 %
IBERDROLA SA 15.4 %
BANCO BILBAO VIZCAYA ARGENTA 13.6 %
GRUPO FERROVIAL 5.1 %
INDITEX 4.7 %
CRITERIA CAIXACORP SA 4.6 %
REPSOL YPF SA 4.5 %
BANCO DE SABADELL SA 3.9 %
AMADEUS IT HOLDING SA-A SHS 3.8 %
AENA SME SA 3.6 %
Total 77.5 %

TOP COUNTRY EXPOSURE
SPAIN 94.6 %
BRITAIN 1.8 %









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 $51.59
30d moving avg. $50.20
Annualized volatility 18.1%
Short interest (ETF) 1.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 637
Turnover 2.1%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $547

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 232 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™: 6.6%


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 6.4 -0.2
EUFN iShares MSCI Europe Financials ETF 11.4 51 -1 7.7 +1.1
VCLN Virtus Duff & Phelps Clean Energy ETF 10.5 59 -9 3.9 -2.7
EZU iShares MSCI Eurozone ETF 10.2 52 -2 6.4 -0.2
BLLD JPMorgan Sustainable Infrastructure ETF 10.1 49 1 5.9 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.8 45 5 6.7 +0.0
FEZ SPDR EURO STOXX 50 ETF 9.8 29 21 6.4 -0.3
ITOL Tema International Durable Quality ETF 9.0 60 -10 5.7 -0.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 8.9 75 -25 6.9 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 8.9 57 -7 8.6 +2.0
DTH WisdomTree International High Dividend Fund 8.6 58 -8 7.9 +1.3
SMOG VanEck Low Carbon Energy ETF 8.3 61 -11 1.6 -5.1
DOL WisdomTree International LargeCap Dividend Fund 7.5 48 2 6.8 +0.2
IDMO Invesco S&P International Developed Momentum ETF 7.1 25 25 5.8 -0.8
IMTM iShares MSCI Intl Momentum Factor ETF 7.0 30 20 5.4 -1.2
FEUZ First Trust Eurozone AlphaDEX ETF 7.0 80 -30 7.7 +1.1
JXI iShares Global Utilities ETF 6.8 43 7 5.5 -1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 6.8 55 -5 6.8 +0.2
GSFP Goldman Sachs Future Planet Equity ETF 6.7 75 -25 4.2 -2.4
ICLN iShares Global Clean Energy ETF 6.4 41 9 3.2 -3.4
DWM WisdomTree International Equity Fund 6.0 48 2 7.0 +0.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.0 79 -29 4.9 -1.7
IDV iShares International Select Dividend ETF 6.0 51 -1 9.9 +3.3
IMOM Alpha Architect International Quantitative Momentum ETF 6.0 49 1 4.5 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.0 40 10 7.0 +0.4
UIVM VictoryShares International Value Momentum ETF 5.9 35 15 8.2 +1.6
FICS First Trust International Developed Capital Strength ETF 5.8 70 -20 7.3 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 5.6 25 25 7.0 +0.4
IEV iShares Europe ETF 5.4 67 -17 6.5 -0.1
VWID Virtus WMC International Dividend ETF 5.4 49 1 7.8 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.3 46 4 6.5 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 5.2 9 41 7.0 +0.4
FLEE Franklin FTSE Europe ETF 5.2 9 41 7.0 +0.3
INEQ Columbia International Equity Income ETF 5.2 45 5 7.5 +0.9
TEMP JPMorgan Climate Change Solutions ETF 5.0 49 1 5.6 -1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 56 -6 10.2 +3.6
VGK Vanguard FTSE Europe ETF 4.9 6 44 7.2 +0.6
EUDV ProShares MSCI Europe Dividend Growers ETF 4.9 55 -5 6.2 -0.5
IEUR iShares Core MSCI Europe ETF 4.9 11 39 7.0 +0.4
JHID John Hancock International High Dividend ETF 4.9 46 4 8.6 +1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.7 58 -8 6.4 -0.2
IQDG WisdomTree International Quality Dividend Growth Fund 4.7 42 8 6.5 -0.1
EFV iShares MSCI EAFE Value ETF 4.7 34 16 8.5 +1.9
SPEU SPDR Portfolio Europe ETF 4.7 7 43 7.1 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.7 58 -8 6.5 -0.1
FENI Fidelity Enhanced International ETF 4.6 28 22 6.1 -0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.6 9 41 8.7 +2.1
IVLU iShares MSCI Intl Value Factor ETF 4.6 30 20 9.5 +2.9
FEP First Trust Europe AlphaDEX Fund 4.5 80 -30 8.0 +1.4
OCEN IQ Clean Oceans ETF 4.5 45 5 5.1 -1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.5 42 8 6.3 -0.3
ICPY Tweedy, Browne International Insider Value ETF 4.4 80 -30 0.0 -6.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.3 22 28 5.9 -0.7
JIRE JPMorgan International Research Enhanced Equity ETF 4.3 24 26 6.8 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 4.2 83 -33 10.0 +3.3
CLNR IQ Cleaner Transport ETF 4.2 45 5 5.0 -1.6
DWMF WisdomTree International Multifactor Fund 4.2 38 12 6.9 +0.3
FAN First Trust Global Wind Energy ETF 4.2 60 -10 4.1 -2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 4.1 31 19 5.9 -0.7
CGXU Capital Group International Focus Equity ETF 4.0 54 -4 5.5 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.0 46 4 5.6 -1.0
CGDG Capital Group Dividend Growers ETF 4.0 47 3 6.0 -0.7
HAP VanEck Natural Resources ETF 4.0 50 0 8.8 +2.1
JHMD John Hancock Multifactor Developed International ETF 3.9 39 11 7.2 +0.6
IGF iShares Global Infrastructure ETF 3.9 41 9 4.5 -2.1
GII SPDR S&P Global Infrastructure ETF 3.9 40 10 4.6 -2.1
TPIF Timothy Plan International ETF 3.8 62 -12 6.0 -0.6
QINT American Century Quality Diversified International ETF 3.8 39 11 6.7 +0.1
BKCI BNY Mellon Concentrated International ETF 3.8 80 -30 5.1 -1.5
SUPL ProShares Supply Chain Logistics ETF 3.8 58 -8 10.2 +3.6
AWAY ETFMG Travel Tech ETF 3.8 76 -26 -0.1 -6.7
VYMI Vanguard International High Dividend Yield ETF 3.8 17 33 9.0 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.7 20 30 6.2 -0.4
AGQI First Trust Active Global Quality Income ETF 3.7 85 -35 4.5 -2.1
ESGD iShares ESG Aware MSCI EAFE ETF 3.7 20 30 6.5 -0.2
IQRA IQ CBRE Real Assets ETF 3.7 65 -15 5.6 -1.0
DIM WisdomTree International MidCap Dividend Fund 3.6 58 -8 7.1 +0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.6 58 -8 8.6 +2.0
EFA iShares MSCI EAFE ETF 3.6 35 15 6.4 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.6 25 25 6.8 +0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.6 35 15 6.2 -0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.6 47 3 5.6 -1.0
CGIE Capital Group International Equity ETF 3.6 54 -4 4.9 -1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.5 36 14 6.3 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 30 6.5 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.5 39 11 6.3 -0.3
DEW WisdomTree Global High Dividend Fund 3.5 58 -8 8.2 +1.6
STXI Strive International Developed Markets ETF 3.4 29 21 6.3 -0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.4 30 20 6.9 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 3.4 20 30 6.1 -0.6
CIL VictoryShares International Volatility Wtd ETF 3.3 45 5 6.3 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 3.3 20 30 6.5 -0.1
COPY Tweedy, Browne Insider + Value ETF 3.3 80 -30 11.7 +5.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.1 32 18 5.9 -0.7
FIVA Fidelity International Value Factor ETF 3.1 18 32 9.1 +2.5
IEFA iShares Core MSCI EAFE ETF 3.0 7 43 6.7 +0.1
BKIE BNY Mellon International Equity ETF 3.0 4 46 6.6 -0.0
INTF iShares International Equity Factor ETF 3.0 15 35 7.3 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 25 8.9 +2.3
IGRO iShares International Dividend Growth ETF 3.0 15 35 7.0 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.9 80 -30 6.0 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.9 45 5 8.3 +1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.9 12 38 5.8 -0.8
WTRE WisdomTree New Economy Real Estate Fund 2.9 58 -8 7.9 +1.3
SRVR Pacer Data & Infrastructure Real Estate ETF 2.9 55 -5 4.5 -2.1
TOLL Tema Durable Quality ETF 2.9 75 -25 5.1 -1.5
FDD First Trust Stoxx European Select Dividend Index Fund 2.9 58 -8 11.1 +4.5
JIG JPMorgan International Growth ETF 2.8 55 -5 4.7 -1.9
IQSI IQ Candriam International Equity ETF 2.8 15 35 6.2 -0.5
JIVE JPMorgan International Value ETF 2.7 55 -5 10.7 +4.1
IQLT iShares MSCI Intl Quality Factor ETF 2.7 30 20 6.2 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 2.7 4 46 6.7 +0.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.7 50 0 5.9 -0.8
SCHF Schwab International Equity ETF 2.7 6 44 6.8 +0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.6 70 -20 4.0 -2.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.6 80 -30 4.2 -2.4
VEA Vanguard FTSE Developed Markets ETF 2.6 3 47 6.8 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.6 14 36 5.9 -0.7
FDCF Fidelity Disruptive Communications ETF 2.5 50 0 4.3 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 2.5 83 -33 8.9 +2.3
POW VistaShares Electrification Supercycle ETF 2.5 75 -25 3.5 -3.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.5 3 47 6.6 +0.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.4 65 -15 10.2 +3.6
IXG iShares Global Financials ETF 2.4 42 8 6.6 -0.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 -15 8.1 +1.5
DFSI Dimensional International Sustainability Core 1 ETF 2.4 24 26 6.1 -0.5
EFG iShares MSCI EAFE Growth ETF 2.4 36 14 4.3 -2.4
DFIV Dimensional International Value ETF 2.4 27 23 8.8 +2.2
DIVI Franklin International Core Dividend Tilt Index ETF 2.4 9 41 7.6 +1.0
IDHQ Invesco S&P International Developed High Quality ETF 2.4 29 21 6.4 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.3 39 11 7.5 +0.9
DIHP Dimensional International High Profitability ETF 2.3 29 21 6.6 +0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 13 7.8 +1.2
CWI SPDR MSCI ACWI ex-US ETF 2.3 30 20 7.5 +0.9
AVIV Avantis International Large Cap Value ETF 2.2 25 25 8.2 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.2 41 9 7.1 +0.5
NUKZ Range Nuclear Renaissance Index ETF 2.2 85 -35 1.4 -5.3
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 16 7.3 +0.7
DFAI Dimensional International Core Equity Market ETF 2.1 18 32 6.8 +0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 32 7.2 +0.6
FRNW Fidelity Clean Energy ETF 2.1 39 11 2.3 -4.3
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 11.4 +4.8
TTAI FCF International Quality ETF 2.0 59 -9 7.3 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 46 7.7 +1.0
RCGE RockCreek Global Equality ETF 2.0 95 -45 6.6 -0.0
PPIE Putnam PanAgora ESG International Equity ETF 2.0 49 1 7.0 +0.4
IDLV Invesco S&P International Developed Low Volatility ETF 2.0 25 25 6.5 -0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 2.0 12 38 5.3 -1.4
WWJD Inspire International ETF 1.9 80 -30 7.0 +0.4
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -8 6.8 +0.2
VXUS Vanguard Total International Stock ETF 1.9 5 45 7.6 +1.0
DGT State Street SPDR Global Dow ETF 1.9 50 0 6.6 -0.1
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 43 7.5 +0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 3 7.8 +1.2
VSGX Vanguard ESG International Stock ETF 1.7 10 40 7.5 +0.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.7 58 -8 4.4 -2.2
DFIC Dimensional International Core Equity 2 ETF 1.7 23 27 7.1 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 1.7 42 8 5.3 -1.4
AVDE Avantis International Equity ETF 1.6 23 27 7.0 +0.4
FIDI Fidelity International High Dividend ETF 1.6 18 32 8.1 +1.4
AKAF The Frontier Economic Fund 1.6 20 30 6.4 -0.2
RXI iShares Global Consumer Discretionary ETF 1.5 41 9 8.3 +1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 16 5.6 -1.1
FDEV Fidelity International Multifactor ETF 1.5 18 32 7.4 +0.8
AVSD Avantis Responsible International Equity ETF 1.5 23 27 5.0 -1.6
DXIV Dimensional International Vector Equity ETF 1.4 34 16 7.4 +0.8
CZAR Themes Natural Monopoly ETF 1.4 35 15 5.6 -1.0
ISCF iShares International SmallCap Equity Factor ETF 1.4 23 27 8.0 +1.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.4 75 -25 2.9 -3.7
CGGO Capital Group Global Growth Equity ETF 1.3 47 3 4.2 -2.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.3 80 -30 8.5 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 20 7.5 +0.8
URAN Themes Uranium & Nuclear ETF 1.3 35 15 1.4 -5.2
WLDR Affinity World Leaders Equity ETF 1.3 67 -17 7.2 +0.6
VOLT Tema Electrification ETF 1.3 75 -25 3.5 -3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 26 7.2 +0.5
TMFG Motley Fool Global Opportunities ETF 1.2 85 -35 4.0 -2.6
GCOW Pacer Global Cash Cows Dividend ETF 1.2 60 -10 10.3 +3.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.2 65 -15 4.6 -2.0
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 -9 11.2 +4.6
XT iShares Exponential Technologies ETF 1.2 46 4 4.6 -2.0
VIDI Vident International Equity Strategy ETF 1.1 61 -11 10.4 +3.8
JSTC Adasina Social Justice All Cap Global ETF 1.1 89 -39 5.0 -1.6
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 40 5.6 -1.0
DWX SPDR S&P International Dividend ETF 1.1 45 5 7.2 +0.6
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -15 4.8 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 1.1 30 20 5.8 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 38 5.1 -1.5
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 3 8.4 +1.8
BLES Inspire Global Hope ETF 1.0 61 -11 6.8 +0.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.0 25 25 5.9 -0.8
SCHY Schwab International Dividend Equity ETF 1.0 14 36 9.2 +2.6
JETS U.S. Global Jets ETF 0.9 60 -10 3.2 -3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.9 9 41 5.1 -1.6
TOK iShares MSCI Kokusai ETF 0.9 26 24 5.0 -1.7
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -25 4.9 -1.8
URTH iShares MSCI World ETF 0.9 24 26 5.0 -1.7
GLOF iShares Global Equity Factor ETF 0.9 20 30 6.6 +0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 41 5.6 -1.1
GEW Cambria Global EW ETF 0.8 29 21 0.0 -6.6
AVDV Avantis International Small Cap Value ETF 0.8 36 14 8.8 +2.2
NXTG First Trust Indxx NextG ETF 0.8 70 -20 5.0 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 17 9.2 +2.6
JADE JPMorgan Active Developing Markets Equity ETF 0.8 65 -15 7.6 +1.0
PBD Invesco Global Clean Energy ETF 0.8 75 -25 0.9 -5.7
ACWI iShares MSCI ACWI ETF 0.8 32 18 5.4 -1.3
IXC iShares Global Energy ETF 0.8 44 6 10.0 +3.3
IOO iShares Global 100 ETF 0.8 41 9 4.5 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 30 5.5 -1.1
DISV Dimensional International Small Cap Value ETF 0.7 42 8 8.7 +2.1
IXP iShares Global Comm Services ETF 0.7 42 8 5.8 -0.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -10 4.0 -2.7
VT Vanguard Total World Stock ETF 0.7 6 44 5.7 -0.9
DFIS Dimensional International Small Cap ETF 0.7 39 11 7.0 +0.4
KNCT Invesco Next Gen Connectivity ETF 0.6 40 10 4.6 -2.1
EXI iShares Global Industrials ETF 0.6 42 8 4.4 -2.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 11 9.1 +2.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 10 9.5 +2.9
DTAN Sparkline International Intangible Value ETF 0.5 55 -5 8.0 +1.4
GNR SPDR S&P Global Natural Resources ETF 0.5 40 10 10.2 +3.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 9.5 +2.8
CGGR Capital Group Growth ETF 0.4 39 11 3.4 -3.2
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -15 4.1 -2.5
AVDS Avantis International Small Cap Equity ETF 0.4 30 20 6.9 +0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 6.8 +0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 11 5.7 -0.9
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -5 8.8 +2.2
RODE Hartford Multifactor Diversified International ETF 0.2 29 21 10.4 +3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 21 7.5 +0.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.7 -2.9
IBUY Amplify Online Retail ETF 0.1 65 -15 2.7 -3.9
IXJ iShares Global Healthcare ETF 0.0 42 8 6.5 -0.1

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 6.6 %
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.