iShares MSCI Taiwan ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 16.0x P/Sales
ratio		 1.2x
P/BV
ratio		 2.2x Div.
yield		 3.0%


  • 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) $6,149
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 90
Wgt avg mkt cap (mns) $167,576
Large cap (>$10bn) 63.1%
Mid cap ($2-10bn) 36.9%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 24.1 %
HON HAI PRECISION INDUSTRY 5.0 %
MEDIATEK INC 4.6 %
DELTA ELECTRONICS INC 2.3 %
QUANTA COMPUTER INC 2.2 %
CHINATRUST FINANCIAL HOLDING 2.2 %
FUBON FINANCIAL HOLDING CO 2.1 %
CATHAY FINANCIAL HOLDING CO 1.7 %
ASUSTEK COMPUTER INC 1.5 %
CHUNGHWA TELECOM CO., LTD 1.5 %
Total 47.2 %

TOP COUNTRY EXPOSURE
TAIWAN 98.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.9% 6.3% 14.7% 11.3% 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.97 48%
MSCI EAFE 0.81 35%
MSCI Emg. Mkts. 1.03 59%

Technical Indicators
Recent close $57.63
30d moving avg. $55.36
Annualized volatility 22.5%
Short interest (ETF) 11.6%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 4,320
Turnover 4.1%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $3,063

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 177 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™: 6.5%


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 85.2 19 39 6.7 +0.2
AIA iShares Asia 50 ETF 33.0 50 8 13.6 +7.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.7 24 34 8.3 +1.8
XCEM Columbia EM Core ex-China ETF 28.6 16 42 8.2 +1.7
XC WisdomTree Emerging Markets Ex-China Fund 27.9 32 26 6.1 -0.4
EMXC iShares MSCI Emerging Markets ex China ETF 27.1 25 33 7.8 +1.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 26.6 20 38 10.7 +4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 26.6 15 43 8.2 +1.7
EEMA iShares MSCI Emerging Markets Asia ETF 24.0 49 9 10.3 +3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 23.9 15 43 7.7 +1.2
STXE Strive Emerging Markets Ex-China ETF 23.0 32 26 7.9 +1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 22.9 88 -30 9.4 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.9 70 -12 9.4 +2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.5 32 26 6.9 +0.4
FTHF First Trust Emerging Markets Human Flourishing ETF 21.2 75 -17 8.5 +2.0
ESGE iShares ESG Aware MSCI EM ETF 20.5 25 33 10.2 +3.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 20.4 30 28 10.5 +4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 19.9 29 29 6.6 +0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.5 32 26 9.4 +2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 19.2 36 22 7.9 +1.4
EEM iShares MSCI Emerging Markets ETF 19.0 69 -11 10.4 +3.9
SCHE Schwab Emerging Markets Equity ETF 19.0 11 47 11.2 +4.7
EMXF iShares ESG Advanced MSCI EM ETF 18.9 16 42 8.6 +2.1
EMGF iShares Emerging Markets Equity Factor ETF 18.7 25 33 12.0 +5.5
FLAX Franklin FTSE Asia Ex Japan ETF 18.3 19 39 9.6 +3.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 18.2 33 25 10.2 +3.7
ECON Columbia Emerging Markets Consumer ETF 18.2 49 9 12.5 +6.0
PXH Invesco FTSE RAFI Emerging Markets ETF 18.0 49 9 16.1 +9.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 17.5 45 13 10.6 +4.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 17.5 66 -8 10.1 +3.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 17.4 39 19 16.3 +9.8
DEHP Dimensional Emerging Markets High Profitability ETF 17.4 41 17 6.9 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 17.4 15 43 10.5 +4.0
SPEM SPDR Portfolio Emerging Markets ETF 17.3 7 51 10.7 +4.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.3 50 8 11.5 +5.0
MEM Matthews Emerging Markets Equity Active ETF 17.1 79 -21 8.1 +1.6
EMMF WisdomTree Emerging Markets Multifactor Fund 17.0 48 10 7.9 +1.4
BKEM BNY Mellon Emerging Markets Equity ETF 17.0 11 47 10.3 +3.8
VWO Vanguard FTSE Emerging Markets ETF 17.0 7 51 10.7 +4.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 16.9 36 22 10.0 +3.5
JHEM John Hancock Multifactor Emerging Markets ETF 16.7 49 9 10.5 +4.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 16.6 53 5 7.8 +1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.5 95 -37 12.9 +6.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 16.3 40 18 7.1 +0.6
DFAE Dimensional Emerging Core Equity Market ETF 16.2 35 23 9.6 +3.1
IEMG iShares Core MSCI Emerging Markets ETF 16.2 9 49 10.6 +4.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 16.2 75 -17 9.9 +3.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 15.7 30 28 10.0 +3.5
FDEM Fidelity Emerging Markets Multifactor ETF 14.4 25 33 13.0 +6.5
GMF SPDR S&P Emerging Asia Pacific ETF 14.2 49 9 9.6 +3.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 13.9 35 23 19.5 +13.0
LDEM iShares ESG MSCI EM Leaders ETF 13.9 17 41 13.3 +6.8
PATN Pacer Nasdaq International Patent Leaders ETF 13.7 65 -7 6.4 -0.1
ROAM Hartford Multifactor Emerging Markets ETF 13.0 44 14 12.1 +5.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 13.0 41 17 9.0 +2.5
MINV Matthews Asia Innovators Active ETF 12.9 79 -21 7.7 +1.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.1 45 13 10.7 +4.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.1 38 20 9.6 +3.1
AVES Avantis Emerging Markets Value ETF 12.0 36 22 11.7 +5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.9 42 16 6.7 +0.2
FRDM Freedom 100 Emerging Markets ETF 11.8 49 9 8.8 +2.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 11.6 90 -32 7.7 +1.2
DFEV Dimensional Emerging Markets Value ETF 11.5 43 15 13.4 +6.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.1 25 33 6.5 -0.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.1 33 25 8.8 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.8 59 -1 11.9 +5.4
RNEM First Trust Emerging Markets Equity Select ETF 9.7 75 -17 7.0 +0.5
AVEM Avantis Emerging Markets Equity ETF 9.5 33 25 9.3 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.5 44 14 11.0 +4.5
IVES Wedbush ETFMG Global Cloud Technology ETF 9.3 68 -10 15.6 +9.1
KNCT Invesco Next Gen Connectivity ETF 9.2 40 18 5.0 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.2 29 29 8.8 +2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.7 70 -12 14.6 +8.1
AVSE Avantis Responsible Emerging Markets Equity ETF 8.7 33 25 8.7 +2.2
NXTG First Trust Indxx NextG ETF 8.3 70 -12 5.4 -1.2
AIVC Amplify Bloomberg AI Value Chain ETF 8.0 59 -1 6.0 -0.5
IWTR iShares MSCI Water Management Multisector ETF 7.8 47 11 5.7 -0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 7.0 75 -17 3.1 -3.4
DEM WisdomTree Emerging Markets High Dividend Fund 6.9 63 -5 13.3 +6.8
FBOT Fidelity Disruptive Automation ETF 6.7 50 8 3.7 -2.8
IQDF FlexShares International Quality Dividend Index Fund 6.6 47 11 9.3 +2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.4 47 11 8.6 +2.1
VSGX Vanguard ESG International Stock ETF 6.4 10 48 8.0 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -20 9.5 +3.0
EMM Global X Emerging Markets ex-China ETF 6.2 75 -17 6.1 -0.4
IXN iShares Global Tech ETF 5.8 41 17 3.9 -2.6
FEM First Trust Emerging Markets AlphaDEX Fund 5.6 80 -22 12.3 +5.8
ACWX iShares MSCI ACWI ex U.S. ETF 5.6 34 24 7.9 +1.4
AGQI First Trust Active Global Quality Income ETF 5.6 85 -27 5.3 -1.2
CLNR IQ Cleaner Transport ETF 5.5 45 13 6.6 +0.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.4 60 -2 10.4 +3.9
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 9 11.9 +5.4
RODE Hartford Multifactor Diversified International ETF 5.2 29 29 12.7 +6.2
QTUM Defiance Quantum ETF 5.2 40 18 5.4 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 5.1 4 54 8.3 +1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.1 18 40 7.6 +1.1
CHAT Roundhill Generative AI & Technology ETF 5.0 75 -17 8.0 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.9 41 17 7.8 +1.3
ACWV iShares MSCI Global Min Vol Factor ETF 4.9 20 38 5.9 -0.6
IXUS iShares Core MSCI Total International Stock ETF 4.8 7 51 8.1 +1.6
JIG JPMorgan International Growth ETF 4.7 55 3 4.7 -1.8
VXUS Vanguard Total International Stock ETF 4.7 5 53 8.1 +1.6
EMC Global X Emerging Markets Great Consumer ETF 4.2 75 -17 8.9 +2.4
DWX SPDR S&P International Dividend ETF 4.2 45 13 6.2 -0.3
EYLD Cambria Emerging Shareholder Yield ETF 3.9 66 -8 12.5 +6.0
VYMI Vanguard International High Dividend Yield ETF 3.8 17 41 9.9 +3.4
OCEN IQ Clean Oceans ETF 3.7 45 13 6.3 -0.3
IDAT iShares Future Cloud 5G and Tech ETF 3.6 47 11 4.8 -1.8
ROBO ROBO Global Robotics & Automation Index ETF 3.3 95 -37 3.6 -2.9
IGPT Invesco AI and Next Gen Software ETF 3.2 60 -2 4.2 -2.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.2 30 28 8.2 +1.7
CGXU Capital Group International Focus Equity ETF 3.1 54 4 5.8 -0.7
XT iShares Exponential Technologies ETF 3.1 46 12 4.8 -1.7
SNSR Global X Internet of Things ETF 3.0 68 -10 4.5 -2.0
MOTI VanEck Morningstar International Moat ETF 2.9 58 0 11.1 +4.6
OAIM OneAscent International Equity ETF 2.7 95 -37 5.7 -0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 9 6.3 -0.2
KLMT Invesco MSCI Global Climate 500 ETF 2.5 10 48 5.9 -0.6
AIS VistaShares Artificial Intelligence Supercycle ETF 2.5 75 -17 3.6 -2.9
JSTC Adasina Social Justice All Cap Global ETF 2.4 89 -31 4.8 -1.7
ARTY iShares Future AI & Tech ETF 2.4 47 11 3.3 -3.2
DVYE iShares Emerging Markets Dividend ETF 2.4 49 9 18.9 +12.4
GSFP Goldman Sachs Future Planet Equity ETF 2.3 75 -17 4.6 -1.9
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 6 6.7 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.1 20 38 5.8 -0.7
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 8 4.4 -2.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.0 45 13 2.9 -3.7
VIDI Vident International Equity Strategy ETF 2.0 61 -3 11.5 +5.0
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 28 7.8 +1.3
ACWI iShares MSCI ACWI ETF 2.0 32 26 5.7 -0.8
GLOF iShares Global Equity Factor ETF 1.9 20 38 6.7 +0.2
FCLD Fidelity Cloud Computing ETF 1.9 39 19 3.1 -3.4
WWJD Inspire International ETF 1.9 80 -22 7.3 +0.8
PBD Invesco Global Clean Energy ETF 1.9 75 -17 0.6 -5.9
SUPL ProShares Supply Chain Logistics ETF 1.9 58 0 11.5 +5.0
VT Vanguard Total World Stock ETF 1.7 6 52 6.0 -0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -2 7.2 +0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.7 12 46 5.2 -1.3
WRND IQ Global Equity R&D Leaders ETF 1.7 18 40 8.4 +1.9
DEW WisdomTree Global High Dividend Fund 1.6 58 0 8.7 +2.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.5 75 -17 4.9 -1.6
IBAT iShares Energy Storage & Materials ETF 1.4 47 11 5.4 -1.1
IHAK iShares Cybersecurity & Tech ETF 1.4 47 11 3.5 -3.0
JGLO JPMorgan Global Select Equity ETF 1.4 33 25 5.0 -1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 0 9.8 +3.3
ESPO VanEck Video Gaming and eSports ETF 1.2 56 2 4.2 -2.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -2 2.1 -4.4
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 3 7.6 +1.1
RCGE RockCreek Global Equality ETF 1.0 95 -37 6.3 -0.2
BLES Inspire Global Hope ETF 0.9 61 -3 6.8 +0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 0 4.8 -1.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -22 14.4 +7.9
AIQ Global X Artificial Intelligence & Technology ETF 0.9 68 -10 3.8 -2.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -7 2.2 -4.3
ISHP First Trust Nasdaq Retail ETF 0.8 60 -2 5.2 -1.3
TTAI FCF International Quality ETF 0.7 59 -1 7.0 +0.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 19 13.8 +7.3
OND ProShares On-Demand ETF 0.7 58 0 0.7 -5.8
HERO Global X Video Games & Esports ETF 0.7 50 8 3.9 -2.6
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 13 6.1 -0.4
FDNI First Trust Dow Jones International Internet ETF 0.7 65 -7 18.4 +11.9
IXG iShares Global Financials ETF 0.6 42 16 6.8 +0.3
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -7 5.2 -1.3
IGRO iShares International Dividend Growth ETF 0.5 15 43 7.3 +0.7
CGDG Capital Group Dividend Growers ETF 0.4 47 11 6.2 -0.3
FID First Trust S&P International Dividend Aristocrats ETF 0.4 60 -2 8.2 +1.7
WDIV SPDR S&P Global Dividend ETF 0.4 40 18 9.6 +3.1
ARVR First Trust Indxx Metaverse ETF 0.4 70 -12 4.1 -2.4
HART IQ Healthy Hearts ETF 0.4 45 13 6.7 +0.2
IXP iShares Global Comm Services ETF 0.4 42 16 5.7 -0.8
HAP VanEck Natural Resources ETF 0.4 50 8 9.7 +3.2
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -4 3.6 -2.9
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 48 6.2 -0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 48 8.2 +1.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 13 4.5 -2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 46 8.0 +1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 49 5.9 -0.6

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 Taiwan 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 15.1 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.50
 
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.