iShares MSCI Taiwan ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 17.1x P/Sales
ratio		 1.2x
P/BV
ratio		 2.1x Div.
yield		 3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Taiwan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Taiwan Index. The index consists primarily of large cap stocks traded in the Taiwanese market.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jun 20, 2000
Assets (mns) $3,919
Currency USD
Expense ratio 58 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 91
Wgt avg mkt cap (mns) $168,789
Large cap (>$10bn) 66.7%
Mid cap ($2-10bn) 33.3%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 24.2 %
HON HAI PRECISION INDUSTRY 5.3 %
MEDIATEK INC 4.5 %
QUANTA COMPUTER INC 2.2 %
DELTA ELECTRONICS INC 1.9 %
CHINATRUST FINANCIAL HOLDING 1.8 %
UNITED MICROELECTRONICS CORP 1.8 %
FUBON FINANCIAL HOLDING CO 1.7 %
ADVANCED SEMICONDUCTOR ENGR 1.6 %
CHUNGHWA TELECOM CO., LTD 1.5 %
Total 46.4 %

TOP COUNTRY EXPOSURE
TAIWAN 99.7 %










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.
0.7% 10.5% 13.0% 9.7% 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.94 52%
MSCI EAFE 1.06 61%
MSCI Emg. Mkts. 1.16 78%

Technical Indicators
Recent close $46.54
30d moving avg. $47.87
Annualized volatility 23.2%
Short interest (ETF) 13.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 3,834
Turnover 4.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $5,855

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 171 potential alternatives to the iShares MSCI Taiwan ETF ETF based on the alternatives' overlap in portfolio holdings with EWT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWT Expense: 58 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWT
Ticker Fund
Name		 Overlap1
vs EWT
(%)		 Expense
ratio
(bp)		 Savings
vs EWT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWT
(%)
FLTW Franklin FTSE Taiwan ETF 89.0 19 39 6.0 +0.3
AIA iShares Asia 50 ETF 32.2 50 8 6.9 +1.1
XCEM Columbia EM Core ex-China ETF 25.3 16 42 7.4 +1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.3 24 34 7.1 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 22.9 25 33 6.7 +0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.8 20 38 7.5 +1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 22.7 29 29 8.3 +2.6
XC WisdomTree Emerging Markets Ex-China Fund 22.3 32 26 6.2 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 21.8 49 9 6.7 +0.9
STXE Strive Emerging Markets Ex-China ETF 20.4 32 26 6.9 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.0 70 -12 6.3 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.8 39 19 12.5 +6.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 18.9 30 28 7.5 +1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 18.8 15 43 7.1 +1.3
ESGE iShares ESG Aware MSCI EM ETF 18.7 25 33 7.7 +1.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 18.6 18 40 7.9 +2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 18.5 48 10 9.4 +3.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 18.3 88 -30 6.2 +0.4
FLAX Franklin FTSE Asia Ex Japan ETF 18.0 19 39 7.2 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 17.5 49 9 8.3 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.1 32 26 6.3 +0.5
SCHE Schwab Emerging Markets Equity ETF 17.1 11 47 7.6 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.1 50 8 10.5 +4.8
EEM iShares MSCI Emerging Markets ETF 16.9 69 -11 7.0 +1.2
EMXF iShares ESG Advanced MSCI EM ETF 16.8 16 42 7.4 +1.7
NUEM Nuveen ESG Emerging Markets Equity ETF 16.6 36 22 6.8 +1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 16.6 33 25 7.2 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.5 30 28 8.5 +2.8
DEM WisdomTree Emerging Markets High Dividend Fund 16.3 63 -5 12.9 +7.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.3 95 -37 11.4 +5.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 16.3 45 13 8.6 +2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 16.2 49 9 12.4 +6.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.1 66 -8 7.2 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.9 36 22 7.5 +1.7
EMGF iShares Emerging Markets Equity Factor ETF 15.9 25 33 8.7 +2.9
BKEM BNY Mellon Emerging Markets Equity ETF 15.8 11 47 7.7 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 15.1 40 18 7.1 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.0 32 26 7.6 +1.8
VWO Vanguard FTSE Emerging Markets ETF 15.0 8 50 7.6 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 15.0 7 51 7.5 +1.8
GMF SPDR S&P Emerging Asia Pacific ETF 14.8 49 9 6.4 +0.6
LDEM iShares ESG MSCI EM Leaders ETF 14.4 17 41 7.7 +2.0
DEHP Dimensional Emerging Markets High Profitability ETF 14.4 41 17 7.3 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 14.2 9 49 7.5 +1.8
DFAE Dimensional Emerging Core Equity Market ETF 14.2 35 23 7.7 +2.0
FRDM Freedom 100 Emerging Markets ETF 14.1 49 9 7.3 +1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.9 70 -12 11.4 +5.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.9 75 -17 9.6 +3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.7 25 33 7.0 +1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 12.2 29 29 6.2 +0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.1 45 13 12.7 +7.0
MINV Matthews Asia Innovators Active ETF 12.1 79 -21 2.8 -2.9
ROAM Hartford Multifactor Emerging Markets ETF 11.6 44 14 11.7 +5.9
DFEV Dimensional Emerging Markets Value ETF 11.6 43 15 10.9 +5.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 11.5 41 17 7.8 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.9 38 20 8.2 +2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.6 44 14 10.3 +4.6
EDIV SPDR S&P Emerging Markets Dividend ETF 10.4 49 9 10.9 +5.1
KNCT Invesco Next Gen Connectivity ETF 9.4 40 18 5.9 +0.1
AVES Avantis Emerging Markets Value ETF 9.1 36 22 12.1 +6.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.1 59 -1 9.6 +3.8
RNEM First Trust Emerging Markets Equity Select ETF 8.8 75 -17 8.2 +2.5
FDEM Fidelity Emerging Markets Multifactor ETF 8.7 25 33 11.9 +6.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 8.6 90 -32 7.0 +1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.9 42 16 6.8 +1.1
NXTG First Trust Indxx NextG ETF 7.6 70 -12 6.0 +0.2
EMM Global X Emerging Markets ex-China ETF 7.5 75 -17 3.7 -2.0
AVEM Avantis Emerging Markets Equity ETF 7.4 33 25 9.1 +3.3
IQDE FlexShares International Quality Dividend Defensive Index ET 7.3 47 11 10.7 +4.9
IWTR iShares MSCI Water Management Multisector ETF 7.1 47 11 4.8 -0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.9 60 -2 0.9 -4.8
MEM Matthews Emerging Markets Equity Active ETF 6.9 79 -21 5.7 -0.0
EMC Global X Emerging Markets Great Consumer ETF 6.0 75 -17 4.9 -0.9
IQDF FlexShares International Quality Dividend Index Fund 5.9 47 11 10.7 +5.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.7 20 38 10.7 +5.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.7 75 -17 3.2 -2.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.6 78 -20 8.8 +3.1
VSGX Vanguard ESG International Stock ETF 5.5 12 46 6.8 +1.1
IXN iShares Global Tech ETF 5.3 41 17 4.3 -1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.1 47 11 10.3 +4.5
BTEK Future Tech ETF 4.9 88 -30 2.1 -3.7
CHAT Roundhill Generative AI & Technology ETF 4.8 75 -17 4.2 -1.5
ECON Columbia Emerging Markets Consumer ETF 4.8 49 9 4.8 -1.0
ACWV iShares MSCI Global Min Vol Factor ETF 4.8 20 38 6.7 +1.0
GBUY Goldman Sachs Future Consumer Equity ETF 4.8 75 -17 3.1 -2.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.8 34 24 6.7 +1.0
CLNR IQ Cleaner Transport ETF 4.4 45 13 8.3 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.4 41 17 6.7 +0.9
VYMI Vanguard International High Dividend Yield ETF 4.4 22 36 9.7 +4.0
FEM First Trust Emerging Markets AlphaDEX Fund 4.2 80 -22 16.3 +10.5
VXUS Vanguard Total International Stock ETF 4.1 7 51 7.1 +1.4
DWX SPDR S&P International Dividend ETF 4.0 45 13 7.1 +1.4
IXUS iShares Core MSCI Total International Stock ETF 4.0 7 51 6.9 +1.2
RODE Hartford Multifactor Diversified International ETF 3.9 29 29 11.5 +5.8
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 8 50 7.2 +1.4
QTUM Defiance Quantum ETF 3.6 40 18 3.9 -1.8
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -31 4.8 -1.0
EYLD Cambria Emerging Shareholder Yield ETF 3.5 66 -8 12.1 +6.3
IDAT iShares Future Cloud 5G and Tech ETF 3.5 47 11 4.5 -1.2
VIDI Vident International Equity Strategy ETF 3.5 61 -3 11.9 +6.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.4 68 -10 8.8 +3.1
MOTI VanEck Morningstar International Moat ETF 3.3 58 0 6.9 +1.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.0 67 -9 17.5 +11.8
SNSR Global X Internet of Things ETF 3.0 68 -10 4.3 -1.5
GGME Invesco Next Gen Media and Gaming ETF 2.8 60 -2 4.1 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 28 7.8 +2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 0 10.1 +4.4
XT iShares Exponential Technologies ETF 2.7 46 12 3.9 -1.9
ROBO ROBO Global Robotics & Automation Index ETF 2.7 95 -37 2.8 -2.9
KOIN Capital Link Global Fintech Leaders ETF 2.7 75 -17 4.6 -1.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.6 60 -2 10.0 +4.3
DVYE iShares Emerging Markets Dividend ETF 2.5 49 9 16.6 +10.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.5 49 9 19.0 +13.3
TTAI FCF International Quality ETF 2.5 59 -1 7.4 +1.7
DEW WisdomTree Global High Dividend Fund 2.3 58 0 9.1 +3.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 6 5.8 +0.0
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 28 6.8 +1.1
CGXU Capital Group International Focus Equity ETF 1.9 54 4 4.1 -1.6
GSFP Goldman Sachs Future Planet Equity ETF 1.9 75 -17 4.5 -1.2
WWJD Inspire International ETF 1.8 80 -22 7.1 +1.4
WRND IQ Global Equity R&D Leaders ETF 1.8 18 40 7.2 +1.4
ACWI iShares MSCI ACWI ETF 1.7 32 26 5.5 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 38 5.6 -0.1
QINT American Century Quality Diversified International ETF 1.6 39 19 7.4 +1.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.6 47 11 0.7 -5.1
OCEN IQ Clean Oceans ETF 1.6 45 13 5.3 -0.5
NTZG Nuveen Global Net Zero Transition ETF 1.5 56 2 4.9 -0.8
GLOF iShares Global Equity Factor ETF 1.5 20 38 7.1 +1.3
VT Vanguard Total World Stock ETF 1.4 7 51 5.8 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.4 49 9 5.8 +0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 46 5.1 -0.7
SUPL ProShares Supply Chain Logistics ETF 1.2 58 0 13.1 +7.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.1 45 13 1.4 -4.4
AIQ Global X Artificial Intelligence & Technology ETF 1.0 68 -10 4.2 -1.6
IGPT Invesco AI and Next Gen Software ETF 1.0 60 -2 3.8 -2.0
BLES Inspire Global Hope ETF 0.9 61 -3 6.3 +0.6
IHAK iShares Cybersecurity & Tech ETF 0.9 47 11 3.2 -2.6
FPXI First Trust International Equity Opportunities ETF 0.8 70 -12 3.6 -2.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -7 1.6 -4.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 19 11.0 +5.2
IGRO iShares International Dividend Growth ETF 0.7 15 43 7.1 +1.3
ISHP First Trust Nasdaq Retail ETF 0.7 60 -2 3.2 -2.6
CRUZ Defiance Hotel Airline and Cruise ETF 0.7 45 13 -4.9 -10.7
SCHY Schwab International Dividend Equity ETF 0.6 14 44 9.3 +3.5
CGUS Capital Group Core Equity ETF 0.6 33 25 4.7 -1.1
ESPO VanEck Video Gaming and eSports ETF 0.5 56 2 4.5 -1.3
DSTX Distillate International Fundamental Stability & Value ETF 0.5 55 3 8.0 +2.3
ARVR First Trust Indxx Metaverse ETF 0.5 70 -12 2.5 -3.2
IXG iShares Global Financials ETF 0.5 42 16 6.8 +1.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.5 50 8 2.7 -3.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 0 4.6 -1.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 13 4.9 -0.8
CRAK VanEck Oil Refiners ETF 0.4 61 -3 13.1 +7.3
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -4 3.7 -2.1
HART IQ Healthy Hearts ETF 0.4 45 13 5.3 -0.4
PBD Invesco Global Clean Energy ETF 0.4 75 -17 -3.9 -9.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 11 5.3 -0.4
HAP VanEck Natural Resources ETF 0.4 50 8 9.5 +3.7
MXI iShares Global Materials ETF 0.4 41 17 6.6 +0.9
IXP iShares Global Comm Services ETF 0.4 42 16 5.3 -0.4
VIGI Vanguard International Dividend Appreciation ETF 0.4 15 43 5.6 -0.2
FID First Trust S&P International Dividend Aristocrats ETF 0.3 60 -2 9.8 +4.1
WDIV SPDR S&P Global Dividend ETF 0.3 40 18 10.2 +4.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -22 14.2 +8.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 48 8.2 +2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 46 8.7 +3.0
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 13 3.3 -2.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 13 6.2 +0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 51 6.5 +0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 49 5.7 -0.0
DGT SPDR Global Dow ETF 0.0 50 8 6.7 +0.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.39
 
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.