iShares MSCI Taiwan ETF
ALTAR
Score™		 2.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 34.6x P/Sales
ratio		 2.6x
P/BV
ratio		 4.5x Div.
yield		 1.5%


  • 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) $12,034
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 85
Wgt avg mkt cap (mns) $340,701
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 22.4 %
MEDIATEK INC 6.8 %
DELTA ELECTRONICS INC 4.0 %
HON HAI PRECISION INDUSTRY 3.5 %
ADVANCED SEMICONDUCTOR ENGR 2.6 %
ELITE MATERIAL CO LTD 2.2 %
ASIA VITAL COMPONENTS 2.0 %
UNITED MICROELECTRONICS CORP 2.0 %
NAN YA PLASTICS CORP 1.9 %
UNIMICRON TECHNOLOGY CORP 1.8 %
Total 48.9 %

TOP COUNTRY EXPOSURE
TAIWAN 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
70.0% 92.1% 19.6% 19.6% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.87 58%
MSCI EAFE 1.43 51%
MSCI Emg. Mkts. 1.15 83%

Technical Indicators
Recent close $110.91
30d moving avg. $100.99
Annualized volatility 20.9%
Short interest (ETF) 5.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3,611
Turnover 3.3%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $3,063

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™: 2.7%


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
(%)
VEXC Vanguard Emerging Markets Ex-China ETF 41.7 7 51 5.5 +2.9
AIA iShares Asia 50 ETF 36.8 50 8 7.4 +4.7
XCNY SPDR S&P Emerging Markets ex-China ETF 35.9 15 43 5.5 +2.8
EMXC iShares MSCI Emerging Markets ex China ETF 34.9 25 33 4.9 +2.2
STXE Strive Emerging Markets Ex-China ETF 34.1 32 26 5.0 +2.3
EEMA iShares MSCI Emerging Markets Asia ETF 31.6 49 9 7.4 +4.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 31.6 24 34 5.0 +2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 31.2 70 -12 6.7 +4.1
SCHE Schwab Emerging Markets Equity ETF 30.6 11 47 9.3 +6.6
EMM Global X Emerging Markets ex-China ETF 30.4 75 -17 4.5 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 30.1 32 26 4.6 +1.9
XCEM Columbia EM Core ex-China ETF 29.9 16 42 4.8 +2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 28.9 30 28 7.8 +5.1
ESGE iShares ESG Aware MSCI EM ETF 28.5 25 33 8.0 +5.3
NUEM Nuveen ESG Emerging Markets Equity ETF 28.4 36 22 5.7 +3.0
VWO Vanguard FTSE Emerging Markets ETF 28.4 7 51 9.1 +6.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 27.9 69 -11 7.6 +4.9
EEM iShares MSCI Emerging Markets ETF 27.8 69 -11 7.7 +5.0
SPEM SPDR Portfolio Emerging Markets ETF 27.8 7 51 9.4 +6.7
FLAX Franklin FTSE Asia Ex Japan ETF 27.5 19 39 7.0 +4.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 26.8 30 28 7.3 +4.6
ECON Columbia Emerging Markets Consumer ETF 26.7 49 9 6.4 +3.7
JADE JPMorgan Active Developing Markets Equity ETF 26.4 65 -7 5.8 +3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 26.2 32 26 7.4 +4.8
EMC Global X Emerging Markets Great Consumer ETF 26.1 75 -17 7.1 +4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 25.6 15 43 7.9 +5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 25.5 49 9 13.0 +10.3
BKEM BNY Mellon Emerging Markets Equity ETF 25.4 11 47 23.9 +21.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.3 66 -8 7.3 +4.6
EMGF iShares Emerging Markets Equity Factor ETF 25.2 25 33 8.7 +6.0
DEHP Dimensional Emerging Markets High Profitability ETF 25.1 41 17 4.7 +2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 25.1 36 22 7.4 +4.8
EMXF iShares ESG Advanced MSCI EM ETF 24.8 16 42 6.5 +3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 24.8 33 25 6.6 +3.9
GMF SPDR S&P Emerging Asia Pacific ETF 24.8 49 9 8.5 +5.9
IEMG iShares Core MSCI Emerging Markets ETF 24.4 9 49 8.0 +5.3
EMMF WisdomTree Emerging Markets Multifactor Fund 24.4 48 10 8.4 +5.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 24.3 90 -32 3.4 +0.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 24.3 88 -30 8.5 +5.8
FTHF First Trust Emerging Markets Human Flourishing ETF 24.2 75 -17 5.3 +2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.0 95 -37 9.4 +6.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 23.9 45 13 7.9 +5.2
DFAE Dimensional Emerging Core Equity Market ETF 23.7 35 23 6.8 +4.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.6 40 18 6.0 +3.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.6 53 5 4.9 +2.2
MEM Matthews Emerging Markets Equity Active ETF 22.9 79 -21 8.5 +5.8
JHEM John Hancock Multifactor Emerging Markets ETF 22.5 49 9 7.3 +4.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 22.2 15 43 8.8 +6.1
FDEM Fidelity Emerging Markets Multifactor ETF 22.2 25 33 10.2 +7.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 20.8 41 17 6.8 +4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 20.6 39 19 13.1 +10.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 19.9 35 23 9.8 +7.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 19.4 25 33 5.9 +3.2
ROAM Hartford Multifactor Emerging Markets ETF 19.1 44 14 7.3 +4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.1 50 8 7.9 +5.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 19.0 38 20 6.8 +4.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 18.1 75 -17 1.9 -0.8
DFEV Dimensional Emerging Markets Value ETF 18.1 43 15 9.0 +6.3
FEM First Trust Emerging Markets AlphaDEX Fund 18.1 80 -22 8.5 +5.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 18.0 75 -17 6.0 +3.3
FRDM Freedom 100 Emerging Markets ETF 17.9 49 9 5.2 +2.5
MINV Matthews Asia Innovators Active ETF 17.8 79 -21 5.8 +3.1
DEM WisdomTree Emerging Markets High Dividend Fund 16.7 63 -5 9.8 +7.1
AVEM Avantis Emerging Markets Equity ETF 16.6 33 25 6.9 +4.2
LDEM iShares ESG MSCI EM Leaders ETF 16.2 17 41 12.6 +9.9
PATN Pacer Nasdaq International Patent Leaders ETF 15.1 65 -7 4.0 +1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 14.6 33 25 6.5 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.2 59 -1 8.3 +5.6
EEMO Invesco S&P Emerging Markets Momentum ETF 13.8 29 29 6.3 +3.6
AVES Avantis Emerging Markets Value ETF 13.3 36 22 8.9 +6.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.0 42 16 4.1 +1.4
BAI iShares AI Innovation and Tech Active ETF 12.9 55 3 1.0 -1.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 12.1 33 25 5.9 +3.2
ARTY iShares Future AI & Tech ETF 11.8 47 11 2.4 -0.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.4 47 11 7.0 +4.3
KNCT Invesco Next Gen Connectivity ETF 10.7 40 18 2.9 +0.2
IQDF FlexShares International Quality Dividend Index Fund 10.3 47 11 7.2 +4.5
VSGX Vanguard ESG International Stock ETF 10.1 10 48 6.4 +3.7
AIVC Amplify Bloomberg AI Value Chain ETF 9.7 59 -1 3.5 +0.8
JIG JPMorgan International Growth ETF 9.5 55 3 3.6 +0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.3 44 14 9.2 +6.5
NXTG First Trust Indxx NextG ETF 9.3 70 -12 3.4 +0.7
WRND IQ Global Equity R&D Leaders ETF 9.2 18 40 4.1 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 9.0 34 24 6.2 +3.5
FRGN Horizon International Equity ETF 8.7 75 -17 7.7 +5.0
CLNR IQ Cleaner Transport ETF 8.7 45 13 4.0 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.7 18 40 6.2 +3.5
DOL WisdomTree International LargeCap Dividend Fund 8.3 48 10 5.5 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 4 54 6.6 +3.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.0 41 17 5.9 +3.2
IXUS iShares Core MSCI Total International Stock ETF 7.8 7 51 6.5 +3.8
VXUS Vanguard Total International Stock ETF 7.6 5 53 6.5 +3.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.5 45 13 9.5 +6.8
RNEM First Trust Emerging Markets Equity Select ETF 7.4 75 -17 7.8 +5.1
IXN iShares Global Tech ETF 7.2 41 17 2.6 -0.1
AQLT iShares MSCI Global Quality Factor ETF 7.1 18 40 0.0 -2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.1 29 29 8.7 +6.0
FBOT Fidelity Disruptive Automation ETF 7.1 50 8 2.9 +0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.0 78 -20 9.2 +6.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.9 60 -2 9.3 +6.6
CGXU Capital Group International Focus Equity ETF 6.8 54 4 3.7 +1.0
CHPX Global X AI Semiconductor & Quantum ETF 6.7 50 8 1.7 -1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.5 30 28 6.2 +3.5
EDIV SPDR S&P Emerging Markets Dividend ETF 6.0 49 9 8.9 +6.2
OCEN IQ Clean Oceans ETF 5.9 45 13 4.6 +2.0
OAIM OneAscent International Equity ETF 5.6 95 -37 4.3 +1.6
QTUM Defiance Quantum ETF 5.4 40 18 3.8 +1.1
CHAT Roundhill Generative AI & Technology ETF 5.4 75 -17 4.3 +1.6
AIS VistaShares Artificial Intelligence Supercycle ETF 5.2 75 -17 1.0 -1.7
AGQI First Trust Active Global Quality Income ETF 5.2 85 -27 6.3 +3.6
SNSR Global X Internet of Things ETF 5.1 68 -10 3.5 +0.8
IGPT Invesco AI and Next Gen Software ETF 5.1 60 -2 2.4 -0.3
VYMI Vanguard International High Dividend Yield ETF 4.8 17 41 7.6 +4.9
ROBO ROBO Global Robotics & Automation Index ETF 4.7 95 -37 2.5 -0.2
FDTX Fidelity Disruptive Technology ETF 4.6 50 8 1.6 -1.1
AGIX KraneShares Artificial Intelligence and Technology ETF 4.5 99 -41 1.1 -1.6
ACWV iShares MSCI Global Min Vol Factor ETF 4.4 20 38 5.6 +2.9
TINY ProShares Nanotechnology ETF 4.1 58 0 1.5 -1.2
POW VistaShares Electrification Supercycle ETF 4.0 75 -17 2.4 -0.3
KLMT Invesco MSCI Global Climate 500 ETF 4.0 10 48 4.9 +2.2
JSTC Adasina Social Justice All Cap Global ETF 3.9 89 -31 4.3 +1.6
JIVE JPMorgan International Value ETF 3.8 55 3 7.8 +5.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.5 20 38 4.7 +2.0
IGRO iShares International Dividend Growth ETF 3.3 15 43 6.6 +3.9
ACWI iShares MSCI ACWI ETF 3.3 32 26 4.6 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.2 12 46 4.4 +1.7
CWI SPDR MSCI ACWI ex-US ETF 3.2 30 28 6.3 +3.6
IBAT iShares Energy Storage & Materials ETF 2.9 47 11 1.6 -1.1
GLOF iShares Global Equity Factor ETF 2.9 20 38 5.5 +2.8
VT Vanguard Total World Stock ETF 2.9 6 52 4.9 +2.3
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -8 8.4 +5.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.7 70 -12 9.4 +6.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.3 49 9 4.6 +1.9
XT iShares Exponential Technologies ETF 2.3 46 12 4.0 +1.3
DWX SPDR S&P International Dividend ETF 2.2 45 13 6.6 +4.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 6 8.1 +5.4
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 13 4.3 +1.6
DTCR Global X Data Center & Digital Infrastructure ETF 2.0 50 8 3.5 +0.8
FPXI First Trust International Equity Opportunities ETF 2.0 70 -12 4.1 +1.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 -2 6.6 +3.9
WWJD Inspire International ETF 1.9 80 -22 6.1 +3.4
FCLD Fidelity Cloud Computing ETF 1.9 39 19 2.7 -0.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.8 45 13 1.9 -0.8
VIDI Vident International Equity Strategy ETF 1.8 61 -3 7.9 +5.2
MOTI VanEck Morningstar International Moat ETF 1.7 58 0 10.2 +7.6
IHAK iShares Cybersecurity & Tech ETF 1.7 47 11 3.4 +0.7
AIQ Global X Artificial Intelligence & Technology ETF 1.6 68 -10 2.7 +0.0
PBD Invesco Global Clean Energy ETF 1.4 75 -17 0.4 -2.3
DVYE iShares Emerging Markets Dividend ETF 1.2 49 9 16.7 +14.0
RCGE RockCreek Global Equality ETF 1.1 95 -37 5.9 +3.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.1 75 -17 3.2 +0.5
DEW WisdomTree Global High Dividend Fund 1.1 58 0 7.0 +4.3
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 3 6.4 +3.7
BLES Inspire Global Hope ETF 1.0 61 -3 5.7 +3.0
SUPL ProShares Supply Chain Logistics ETF 0.9 58 0 7.7 +5.0
JGLO JPMorgan Global Select Equity ETF 0.8 33 25 4.3 +1.6
IXG iShares Global Financials ETF 0.7 42 16 5.8 +3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 49 4.8 +2.1
TTAI FCF International Quality ETF 0.7 59 -1 7.1 +4.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 -7 1.4 -1.3
WDIV SPDR S&P Global Dividend ETF 0.5 40 18 8.8 +6.1
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -2 7.5 +4.8
SLX VanEck Steel ETF 0.5 56 2 10.0 +7.3
ISHP First Trust Nasdaq Retail ETF 0.5 60 -2 5.5 +2.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 0 3.6 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 19 7.9 +5.2
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 48 5.9 +3.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 3 4.3 +1.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 16 7.6 +4.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 0 8.4 +5.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -12 6.4 +3.7

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

  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

Content on this tab for subscribers only

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 14.0 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.53
 
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.