iShares MSCI Singapore ETF
ALTAR
Score™		 4.4% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 14.7x P/Sales
ratio		 2.2x
P/BV
ratio		 1.7x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Singapore Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Singaporean equity market, as measured by the MSCI Singapore Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $612
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) $40,106
Large cap (>$10bn) 69.4%
Mid cap ($2-10bn) 30.6%
Small cap (<$2bn) 0.0%
Developed mkts 88.6%
Emerging mkts 11.4%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 20.7 %
OVERSEA-CHINESE BANKING CORP 12.4 %
SEA LTD. (SINGAPORE) SPONSORED ADR 11.2 %
ASCENDAS REAL ESTATE INV TRT 5.1 %
KEPPEL CORP LTD 4.5 %
SINGAPORE EXCHANGE LTD 4.5 %
UNITED OVERSEAS BANK LTD 4.5 %
GENTING SINGAPORE PLC 4.4 %
SINGAPORE AIRLINES LTD 4.4 %
SEMBCORP INDUSTRIES LTD 4.3 %
Total 76.0 %

TOP COUNTRY EXPOSURE
SINGAPORE 96.4 %
CHINA 3.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.0% 19.0% 1.9% 2.2% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.67 46%
MSCI EAFE 0.78 62%
MSCI Emg. Mkts. 0.81 68%

Technical Indicators
Recent close $22.51
30d moving avg. $22.18
Annualized volatility 17.2%
Short interest (ETF) 3.9%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 473
Turnover 1.7%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $782

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 237 potential alternatives to the iShares MSCI Singapore ETF ETF based on the alternatives' overlap in portfolio holdings with EWS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWS Expense: 50 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWS
Ticker Fund
Name		 Overlap1
vs EWS
(%)		 Expense
ratio
(bp)		 Savings
vs EWS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWS
(%)
ASEA Global X FTSE Southeast Asia ETF 37.5 65 -15 6.3 +1.9
DVYA iShares Asia/Pacific Dividend ETF 17.5 49 1 9.0 +4.5
EPP iShares MSCI Pacific ex-Japan ETF 14.8 47 3 4.9 +0.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 12.1 19 31 5.4 +0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 11.1 86 -36 1.8 -2.6
OBOR KraneShares MSCI One Belt One Road Index ETF 10.5 79 -29 10.4 +6.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 10.3 80 -30 5.3 +0.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 8.4 78 -28 8.7 +4.3
DINT Davis Select International ETF 8.0 55 -5 6.0 +1.6
MINV Matthews Asia Innovators Active ETF 7.8 79 -29 0.6 -3.8
GVAL Cambria Global Value ETF 7.0 68 -18 16.8 +12.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.9 80 -30 7.4 +2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.4 86 -36 2.3 -2.1
AIA iShares Asia 50 ETF 6.1 50 0 6.4 +2.0
IDLV Invesco S&P International Developed Low Volatility ETF 5.7 25 25 6.2 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.7 9 41 9.6 +5.2
RWX SPDR Dow Jones International Real Estate ETF 5.5 59 -9 7.5 +3.0
EBIZ Global X E-Commerce ETF 5.2 50 0 1.9 -2.5
FDCF Fidelity Disruptive Communications ETF 5.1 50 0 3.2 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.1 22 28 6.4 +1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.0 32 18 6.0 +1.6
LVHI Franklin International Low Volatility High Dividend Index ET 5.0 40 10 11.6 +7.2
DFNL Davis Select Financial ETF 4.6 63 -13 6.5 +2.0
BCDF Horizon Kinetics Blockchain Development ETF 4.5 85 -35 3.5 -1.0
VWID Virtus WMC International Dividend ETF 4.5 49 1 9.1 +4.7
VIDI Vident International Equity Strategy ETF 4.2 61 -11 10.1 +5.7
DTH WisdomTree International High Dividend Fund 4.1 58 -8 9.0 +4.5
OND ProShares On-Demand ETF 4.0 58 -8 -2.4 -6.8
TOGA Tremblant Global ETF 4.0 69 -19 1.7 -2.8
IDOG ALPS International Sector Dividend Dogs ETF 4.0 50 0 11.1 +6.7
DWMF WisdomTree International Multifactor Fund 3.9 38 12 6.3 +1.8
IPAC iShares Core MSCI Pacific ETF 3.9 9 41 7.0 +2.6
JHID John Hancock International High Dividend ETF 3.9 46 4 10.2 +5.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.8 70 -20 6.0 +1.6
AIRL Themes Airlines ETF 3.8 35 15 -15.6 -20.1
MILN Global X Millennial Consumer ETF 3.8 50 0 2.5 -1.9
BKCI BNY Mellon Concentrated International ETF 3.7 80 -30 3.8 -0.7
CZAR Themes Natural Monopoly ETF 3.6 35 15 6.2 +1.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.5 60 -10 0.8 -3.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.4 29 21 8.0 +3.5
TPIF Timothy Plan International ETF 3.3 62 -12 6.4 +2.0
IFGL iShares International Developed Real Estate ETF 3.3 48 2 6.8 +2.3
FDNI First Trust Dow Jones International Internet ETF 3.3 65 -15 2.4 -2.0
FDFF Fidelity Disruptive Finance ETF 3.2 50 0 3.3 -1.1
FTAG First Trust Indxx Global Agriculture ETF 3.1 70 -20 9.1 +4.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.1 85 -35 1.7 -2.7
ONLN ProShares Online Retail ETF 3.0 58 -8 2.8 -1.7
FENI Fidelity Enhanced International ETF 2.9 28 22 7.6 +3.2
FLAX Franklin FTSE Asia Ex Japan ETF 2.9 19 31 6.7 +2.3
DIM WisdomTree International MidCap Dividend Fund 2.9 58 -8 7.3 +2.8
METV Roundhill Ball Metaverse ETF 2.8 59 -9 3.5 -0.9
DOL WisdomTree International LargeCap Dividend Fund 2.8 48 2 7.1 +2.7
AIVI WisdomTree International AI Enhanced Value Fund 2.8 58 -8 7.8 +3.3
DWX SPDR S&P International Dividend ETF 2.8 45 5 6.6 +2.1
VPL Vanguard FTSE Pacific ETF 2.7 8 42 7.4 +3.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.6 65 -15 3.7 -0.7
SCHY Schwab International Dividend Equity ETF 2.6 14 36 9.2 +4.8
JPIN J.P. Morgan Diversified Return International Equity ETF 2.6 37 13 8.9 +4.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.6 10 40 7.8 +3.4
DWM WisdomTree International Equity Fund 2.6 48 2 7.2 +2.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.6 40 10 7.2 +2.8
AADR AdvisorShares Dorsey Wright ADR ETF 2.6 110 -60 4.9 +0.4
BJK VanEck Gaming ETF 2.6 65 -15 1.5 -2.9
MOTI VanEck Morningstar International Moat ETF 2.5 58 -8 6.3 +1.9
CIL VictoryShares International Volatility Wtd ETF 2.4 45 5 6.6 +2.1
FIDI Fidelity International High Dividend ETF 2.4 18 32 10.9 +6.5
MOO VanEck Agribusiness ETF 2.4 53 -3 9.6 +5.2
DMXF iShares ESG Advanced MSCI EAFE ETF 2.3 12 38 5.2 +0.8
RODE Hartford Multifactor Diversified International ETF 2.3 29 21 11.1 +6.7
IMTM iShares MSCI Intl Momentum Factor ETF 2.3 30 20 5.4 +1.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.3 30 20 7.0 +2.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.3 12 38 8.3 +3.8
EFAS Global X MSCI SuperDividend EAFE ETF 2.2 57 -7 10.3 +5.9
MEM Matthews Emerging Markets Equity Active ETF 2.1 79 -29 4.9 +0.5
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 1 12.6 +8.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 -2 5.5 +1.0
ERTH Invesco MSCI Sustainable Future ETF 2.0 62 -12 3.7 -0.8
IQLT iShares MSCI Intl Quality Factor ETF 2.0 30 20 5.6 +1.2
FDEV Fidelity International Multifactor ETF 2.0 18 32 7.2 +2.7
CRUZ Defiance Hotel Airline and Cruise ETF 2.0 45 5 -4.4 -8.8
EFRA iShares Environmental Infrastructure and Industrials ETF 1.9 47 3 5.1 +0.7
CGIE Capital Group International Equity ETF 1.9 54 -4 4.9 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.9 35 15 6.3 +1.8
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 1 5.4 +1.0
IQSI IQ Candriam International Equity ETF 1.9 15 35 6.2 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.9 95 -45 10.1 +5.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.8 20 30 6.0 +1.6
FIVA Fidelity International Value Factor ETF 1.8 18 32 9.6 +5.2
VGSR Vert Global Sustainable Real Estate ETF 1.8 47 3 6.0 +1.6
ARKF ARK Fintech Innovation ETF 1.8 75 -25 -0.3 -4.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.8 24 26 7.7 +3.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.8 25 25 6.8 +2.4
BITQ Bitwise Crypto Industry Innovators ETF 1.8 85 -35 -3.2 -7.6
FDTX Fidelity Disruptive Technology ETF 1.8 50 0 2.8 -1.6
UIVM VictoryShares International Value Momentum ETF 1.8 35 15 9.5 +5.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.7 70 -20 10.9 +6.4
JHMD John Hancock Multifactor Developed International ETF 1.7 39 11 7.3 +2.9
EFV iShares MSCI EAFE Value ETF 1.7 34 16 9.0 +4.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.7 12 38 5.6 +1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.7 80 -30 3.0 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.7 39 11 6.8 +2.4
GURU Global X Guru Index ETF 1.7 75 -25 1.8 -2.7
EFA iShares MSCI EAFE ETF 1.7 35 15 6.4 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 1.6 20 30 6.7 +2.2
EFG iShares MSCI EAFE Growth ETF 1.6 36 14 3.9 -0.5
CGDG Capital Group Dividend Growers ETF 1.6 47 3 6.5 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.6 36 14 6.4 +1.9
WWJD Inspire International ETF 1.6 80 -30 7.3 +2.8
VYMI Vanguard International High Dividend Yield ETF 1.5 22 28 9.4 +5.0
DEW WisdomTree Global High Dividend Fund 1.5 58 -8 8.3 +3.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.5 20 30 6.5 +2.1
JIRE JPMorgan International Research Enhanced Equity ETF 1.5 24 26 6.6 +2.2
RGEF Rockefeller Global Equity ETF 1.5 55 -5 4.4 0.0
BKIE BNY Mellon International Equity ETF 1.5 4 46 6.8 +2.4
INTF iShares International Equity Factor ETF 1.5 15 35 7.5 +3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 1.5 31 19 6.3 +1.8
IQRA IQ CBRE Real Assets ETF 1.4 65 -15 5.3 +0.9
IEFA iShares Core MSCI EAFE ETF 1.4 7 43 6.7 +2.2
RWO SPDR Dow Jones Global Real Estate ETF 1.4 50 0 6.4 +2.0
DWLD Davis Select Worldwide ETF 1.4 63 -13 6.7 +2.3
QINT American Century Quality Diversified International ETF 1.4 39 11 7.3 +2.8
DIVI Franklin International Core Dividend Tilt Index ETF 1.4 9 41 7.6 +3.2
IXG iShares Global Financials ETF 1.3 42 8 5.8 +1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.3 20 30 6.8 +2.4
AVIV Avantis International Large Cap Value ETF 1.3 25 25 8.0 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 1.3 4 46 6.7 +2.3
JIG JPMorgan International Growth ETF 1.3 55 -5 4.3 -0.1
AVRE Avantis Real Estate ETF 1.3 17 33 6.2 +1.7
AVDE Avantis International Equity ETF 1.3 23 27 7.5 +3.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 47 6.9 +2.4
GNR SPDR S&P Global Natural Resources ETF 1.2 40 10 9.9 +5.4
JGLO JPMorgan Global Select Equity ETF 1.2 33 17 4.6 +0.1
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 20 6.7 +2.2
STXI Strive International Developed Markets ETF 1.2 29 21 6.4 +2.0
DIHP Dimensional International High Profitability ETF 1.2 29 21 7.2 +2.7
TTAI FCF International Quality ETF 1.2 59 -9 4.9 +0.5
PNQI Invesco NASDAQ Internet ETF 1.2 60 -10 2.2 -2.3
BLOK Amplify Transformational Data Sharing ETF 1.2 75 -25 0.5 -3.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.2 15 35 4.4 -0.1
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 20 6.7 +2.2
GQRE FlexShares Global Quality Real Estate Index Fund 1.1 45 5 6.6 +2.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.1 25 25 5.7 +1.3
CGXU Capital Group International Focus Equity ETF 1.1 54 -4 4.4 -0.1
SCHF Schwab International Equity ETF 1.1 6 44 7.0 +2.6
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -25 4.6 +0.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.1 20 30 5.4 +0.9
DFIV Dimensional International Value ETF 1.0 27 23 9.5 +5.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.0 20 30 6.1 +1.6
IQDE FlexShares International Quality Dividend Defensive Index ET 1.0 47 3 16.6 +12.1
FPXI First Trust International Equity Opportunities ETF 1.0 70 -20 4.9 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 16 6.6 +2.1
DFGR Dimensional Global Real Estate ETF 1.0 22 28 6.5 +2.0
GINN Goldman Sachs Innovate Equity ETF 1.0 52 -2 2.4 -2.1
REET iShares Global REIT ETF 1.0 14 36 6.5 +2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 36 6.0 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 9 7.0 +2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.0 18 32 6.8 +2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -33 9.3 +4.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 -15 12.4 +8.0
IDMO Invesco S&P International Developed Momentum ETF 1.0 25 25 5.6 +1.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 5 -1.7 -6.2
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 11 8.5 +4.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.0 20 30 6.6 +2.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 11 6.8 +2.4
VEA Vanguard FTSE Developed Markets ETF 1.0 5 45 6.9 +2.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.0 34 16 5.6 +1.1
WUGI AXS Esoterica NextG Economy ETF 0.9 75 -25 2.1 -2.4
VSGX Vanguard ESG International Stock ETF 0.9 12 38 6.5 +2.0
TRFM AAM Transformers ETF 0.9 49 1 1.1 -3.4
KLMT Invesco MSCI Global Climate 500 ETF 0.9 10 40 5.2 +0.8
DFAI Dimensional International Core Equity Market ETF 0.9 18 32 6.9 +2.5
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 43 6.9 +2.4
IBUY Amplify Online Retail ETF 0.9 65 -15 1.4 -3.1
GCOW Pacer Global Cash Cows Dividend ETF 0.9 60 -10 13.7 +9.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.8 39 11 7.5 +3.1
BUYZ Franklin Disruptive Commerce ETF 0.8 50 0 1.8 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.8 8 42 6.9 +2.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 -15 7.7 +3.3
HAP VanEck Natural Resources ETF 0.8 50 0 10.0 +5.6
DFIC Dimensional International Core Equity 2 ETF 0.8 23 27 7.4 +2.9
PPIE Putnam PanAgora ESG International Equity ETF 0.8 49 1 6.5 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 5 8.6 +4.1
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 -5 7.7 +3.2
BLES Inspire Global Hope ETF 0.8 61 -11 6.6 +2.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 3 13.3 +8.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 3 9.4 +4.9
VXUS Vanguard Total International Stock ETF 0.7 7 43 6.9 +2.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 25 9.6 +5.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.7 80 -30 4.4 -0.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.6 80 -30 8.8 +4.3
QWLD SPDR MSCI World StrategicFactors ETF 0.6 30 20 6.0 +1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 26 6.1 +1.6
IVLU iShares MSCI Intl Value Factor ETF 0.6 30 20 10.8 +6.4
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 5 3.7 -0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 1 5.4 +1.0
NXTG First Trust Indxx NextG ETF 0.5 70 -20 6.5 +2.1
OAIM OneAscent International Equity ETF 0.5 95 -45 5.7 +1.2
GBUY Goldman Sachs Future Consumer Equity ETF 0.5 75 -25 3.4 -1.0
IWTR iShares MSCI Water Management Multisector ETF 0.5 47 3 5.8 +1.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.5 75 -25 4.8 +0.3
JETS U.S. Global Jets ETF 0.5 60 -10 -13.7 -18.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 20 7.7 +3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 4.6 +0.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 30 0.9 -3.5
IXP iShares Global Comm Services ETF 0.4 42 8 4.9 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 5.2 +0.8
TOK iShares MSCI Kokusai ETF 0.4 26 24 4.9 +0.5
BUZZ VanEck Social Sentiment ETF 0.4 75 -25 0.9 -3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 41 5.1 +0.6
URTH iShares MSCI World ETF 0.4 24 26 5.1 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.4 42 8 5.0 +0.6
ACWI iShares MSCI ACWI ETF 0.3 32 18 5.1 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 30 5.1 +0.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 6 13.2 +8.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 21 5.7 +1.3
GLOF iShares Global Equity Factor ETF 0.3 20 30 6.6 +2.2
VT Vanguard Total World Stock ETF 0.3 7 43 5.5 +1.0
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.4 -0.0
GXC SPDR S&P China ETF 0.2 59 -9 8.2 +3.8
FLCH Franklin FTSE China ETF 0.2 19 31 8.6 +4.1
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.6 +1.2
APIE ActivePassive International Equity ETF 0.2 45 5 7.9 +3.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 25 10.2 +5.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 1 6.6 +2.2
AVSD Avantis Responsible International Equity ETF 0.1 23 27 7.3 +2.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 6.1 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -25 4.7 +0.2
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 6.9 +2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 29 3.9 -0.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 35 7.0 +2.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -9 12.0 +7.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 42 7.0 +2.6
STXG Strive 1000 Growth ETF 0.0 18 32 4.0 -0.4
STRV Strive 500 ETF 0.0 5 45 4.9 +0.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 41 4.8 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 7.3 +2.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 11 6.8 +2.3

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 Singapore ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.