iShares MSCI Taiwan ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.6x P/Sales
ratio		 1.3x
P/BV
ratio		 2.5x Div.
yield		 2.6%


  • 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) $6,799
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 89
Wgt avg mkt cap (mns) $341,392
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 25.1 %
HON HAI PRECISION INDUSTRY 6.0 %
DELTA ELECTRONICS INC 4.6 %
MEDIATEK INC 3.9 %
QUANTA COMPUTER INC 1.9 %
FUBON FINANCIAL HOLDING CO 1.9 %
CHINATRUST FINANCIAL HOLDING 1.7 %
WIWYNN CORP. 1.6 %
ADVANCED SEMICONDUCTOR ENGR 1.5 %
ACCTON TECHNOLOGY CORP 1.4 %
Total 49.7 %

TOP COUNTRY EXPOSURE
TAIWAN 98.5 %










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.
28.8% 23.4% 15.5% 14.4% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.18 54%
MSCI EAFE 0.71 26%
MSCI Emg. Mkts. 0.74 32%

Technical Indicators
Recent close $64.94
30d moving avg. $64.87
Annualized volatility 20.9%
Short interest (ETF) 12.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3,446
Turnover 3.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $3,063

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 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™: 5.6%


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 89.7 19 39 5.9 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 34.5 24 34 7.3 +1.6
XCEM Columbia EM Core ex-China ETF 33.7 16 42 7.5 +1.9
AIA iShares Asia 50 ETF 33.6 50 8 12.3 +6.6
XC WisdomTree Emerging Markets Ex-China Fund 33.5 32 26 5.4 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 31.7 15 43 7.3 +1.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.5 20 38 9.3 +3.7
EMXC iShares MSCI Emerging Markets ex China ETF 28.3 25 33 6.9 +1.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 26.9 88 -30 7.8 +2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 26.7 15 43 7.1 +1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 25.2 32 26 6.3 +0.7
EEMA iShares MSCI Emerging Markets Asia ETF 24.7 49 9 8.8 +3.2
STXE Strive Emerging Markets Ex-China ETF 24.1 32 26 7.3 +1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 23.6 36 22 7.1 +1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.3 32 26 8.2 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.6 70 -12 8.2 +2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 22.2 33 25 9.2 +3.5
FLAX Franklin FTSE Asia Ex Japan ETF 21.7 19 39 8.3 +2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 21.3 30 28 9.4 +3.8
MEM Matthews Emerging Markets Equity Active ETF 21.2 79 -21 7.1 +1.5
ESGE iShares ESG Aware MSCI EM ETF 21.2 25 33 9.1 +3.5
ECON Columbia Emerging Markets Consumer ETF 20.8 49 9 11.4 +5.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.7 66 -8 8.7 +3.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 20.4 15 43 9.4 +3.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 20.2 45 13 9.4 +3.8
SCHE Schwab Emerging Markets Equity ETF 20.2 11 47 10.3 +4.7
BKEM BNY Mellon Emerging Markets Equity ETF 20.2 11 47 9.1 +3.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.0 36 22 8.9 +3.3
FTHF First Trust Emerging Markets Human Flourishing ETF 19.7 75 -17 9.1 +3.5
EEM iShares MSCI Emerging Markets ETF 19.7 69 -11 9.3 +3.6
EMGF iShares Emerging Markets Equity Factor ETF 19.5 25 33 10.5 +4.9
EMXF iShares ESG Advanced MSCI EM ETF 18.9 16 42 7.8 +2.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.9 40 18 6.6 +0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 18.7 48 10 6.9 +1.3
VWO Vanguard FTSE Emerging Markets ETF 18.5 7 51 9.9 +4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 18.5 49 9 14.6 +9.0
JHEM John Hancock Multifactor Emerging Markets ETF 18.5 49 9 9.3 +3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.2 50 8 10.1 +4.5
SPEM SPDR Portfolio Emerging Markets ETF 18.1 7 51 10.2 +4.5
DEHP Dimensional Emerging Markets High Profitability ETF 17.9 41 17 6.2 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 17.8 95 -37 10.9 +5.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 17.7 39 19 15.3 +9.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 17.5 53 5 7.2 +1.5
FDEM Fidelity Emerging Markets Multifactor ETF 17.1 25 33 11.9 +6.2
DFAE Dimensional Emerging Core Equity Market ETF 16.9 35 23 8.4 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 16.7 9 49 9.6 +3.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 15.8 30 28 8.6 +3.0
MINV Matthews Asia Innovators Active ETF 15.5 79 -21 6.7 +1.1
PATN Pacer Nasdaq International Patent Leaders ETF 15.2 65 -7 5.2 -0.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.9 75 -17 9.7 +4.0
GMF SPDR S&P Emerging Asia Pacific ETF 14.0 49 9 9.2 +3.6
LDEM iShares ESG MSCI EM Leaders ETF 13.8 17 41 13.6 +8.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 13.6 35 23 15.9 +10.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.5 42 16 6.3 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 13.5 41 17 8.0 +2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 13.0 90 -32 4.8 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 12.9 44 14 11.0 +5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.6 38 20 8.4 +2.8
FEM First Trust Emerging Markets AlphaDEX Fund 12.2 80 -22 11.3 +5.6
FRDM Freedom 100 Emerging Markets ETF 11.9 49 9 7.3 +1.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.7 25 33 6.4 +0.7
AVES Avantis Emerging Markets Value ETF 11.5 36 22 10.6 +5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.4 59 -1 8.4 +2.8
DFEV Dimensional Emerging Markets Value ETF 11.0 43 15 11.7 +6.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.0 45 13 10.0 +4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.5 29 29 8.8 +3.2
IVES Wedbush ETFMG Global Cloud Technology ETF 10.4 68 -10 5.8 +0.2
AVEM Avantis Emerging Markets Equity ETF 10.4 33 25 8.1 +2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.0 44 14 10.4 +4.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.0 33 25 8.0 +2.4
NXTG First Trust Indxx NextG ETF 9.6 70 -12 4.9 -0.7
KNCT Invesco Next Gen Connectivity ETF 9.6 40 18 4.5 -1.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 9.4 75 -17 2.8 -2.9
AVSE Avantis Responsible Emerging Markets Equity ETF 8.6 33 25 7.8 +2.2
RNEM First Trust Emerging Markets Equity Select ETF 8.4 75 -17 8.5 +2.8
AIVC Amplify Bloomberg AI Value Chain ETF 8.3 59 -1 5.5 -0.2
FBOT Fidelity Disruptive Automation ETF 8.2 50 8 3.4 -2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.9 70 -12 11.6 +6.0
CLNR IQ Cleaner Transport ETF 7.3 45 13 5.0 -0.6
IQDF FlexShares International Quality Dividend Index Fund 7.1 47 11 8.5 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 7.1 63 -5 12.8 +7.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.0 47 11 7.8 +2.2
VSGX Vanguard ESG International Stock ETF 7.0 10 48 7.5 +1.9
EMM Global X Emerging Markets ex-China ETF 6.8 75 -17 7.1 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.5 78 -20 9.0 +3.3
IXN iShares Global Tech ETF 6.2 41 17 3.4 -2.3
ACWX iShares MSCI ACWI ex U.S. ETF 6.1 34 24 7.3 +1.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.0 60 -2 9.9 +4.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 40 7.2 +1.6
JIG JPMorgan International Growth ETF 5.9 55 3 4.6 -1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 41 17 7.1 +1.4
AGQI First Trust Active Global Quality Income ETF 5.8 85 -27 4.6 -1.0
OCEN IQ Clean Oceans ETF 5.6 45 13 5.1 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 4 54 7.7 +2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 9 9.3 +3.6
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 51 7.5 +1.9
VXUS Vanguard Total International Stock ETF 5.2 5 53 7.6 +2.0
CHAT Roundhill Generative AI & Technology ETF 5.0 75 -17 7.3 +1.6
RODE Hartford Multifactor Diversified International ETF 4.8 29 29 10.3 +4.7
QTUM Defiance Quantum ETF 4.8 40 18 5.2 -0.5
GSFP Goldman Sachs Future Planet Equity ETF 4.6 75 -17 4.2 -1.5
ROBO ROBO Global Robotics & Automation Index ETF 4.6 95 -37 3.2 -2.5
CGXU Capital Group International Focus Equity ETF 4.0 54 4 5.4 -0.3
EMC Global X Emerging Markets Great Consumer ETF 3.9 75 -17 7.2 +1.6
ACWV iShares MSCI Global Min Vol Factor ETF 3.9 20 38 6.0 +0.4
VYMI Vanguard International High Dividend Yield ETF 3.8 17 41 9.2 +3.5
OAIM OneAscent International Equity ETF 3.4 95 -37 5.5 -0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.3 30 28 7.5 +1.9
CHPX Global X AI Semiconductor & Quantum ETF 3.2 50 8 3.1 -2.6
EYLD Cambria Emerging Shareholder Yield ETF 3.1 66 -8 11.5 +5.9
MOTI VanEck Morningstar International Moat ETF 3.0 58 0 10.6 +4.9
IGPT Invesco AI and Next Gen Software ETF 3.0 60 -2 4.2 -1.4
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 9 4.9 -0.7
SNSR Global X Internet of Things ETF 2.6 68 -10 4.8 -0.9
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 48 5.6 -0.1
XT iShares Exponential Technologies ETF 2.6 46 12 4.6 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 6 8.8 +3.2
EEMO Invesco S&P Emerging Markets Momentum ETF 2.5 29 29 7.5 +1.8
JSTC Adasina Social Justice All Cap Global ETF 2.5 89 -31 5.1 -0.6
FCLD Fidelity Cloud Computing ETF 2.5 39 19 3.3 -2.4
DWX SPDR S&P International Dividend ETF 2.4 45 13 7.3 +1.7
ARTY iShares Future AI & Tech ETF 2.4 47 11 3.5 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.2 20 38 5.5 -0.1
ACWI iShares MSCI ACWI ETF 2.2 32 26 5.4 -0.3
WRND IQ Global Equity R&D Leaders ETF 2.1 18 40 7.5 +1.9
VIDI Vident International Equity Strategy ETF 2.1 61 -3 10.4 +4.8
AIS VistaShares Artificial Intelligence Supercycle ETF 2.1 75 -17 2.4 -3.2
IBAT iShares Energy Storage & Materials ETF 2.1 47 11 2.5 -3.2
GLOF iShares Global Equity Factor ETF 2.0 20 38 6.7 +1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.0 12 46 5.0 -0.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.0 45 13 2.4 -3.2
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 28 7.3 +1.7
PBD Invesco Global Clean Energy ETF 1.9 75 -17 0.8 -4.8
WWJD Inspire International ETF 1.9 80 -22 7.1 +1.5
VT Vanguard Total World Stock ETF 1.9 6 52 5.7 +0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.8 58 0 9.4 +3.8
JGLO JPMorgan Global Select Equity ETF 1.7 33 25 5.0 -0.7
DVYE iShares Emerging Markets Dividend ETF 1.7 49 9 17.9 +12.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -2 8.0 +2.4
DEW WisdomTree Global High Dividend Fund 1.6 58 0 8.4 +2.8
IHAK iShares Cybersecurity & Tech ETF 1.4 47 11 4.4 -1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.4 67 -9 14.8 +9.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.4 75 -17 3.3 -2.3
SUPL ProShares Supply Chain Logistics ETF 1.3 58 0 10.4 +4.7
TINY ProShares Nanotechnology ETF 1.2 58 0 3.2 -2.4
BLES Inspire Global Hope ETF 1.0 61 -3 6.9 +1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 3 6.9 +1.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -7 1.9 -3.7
ESPO VanEck Video Gaming and eSports ETF 0.9 56 2 5.1 -0.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.9 60 -2 2.7 -2.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 0 4.3 -1.4
AIQ Global X Artificial Intelligence & Technology ETF 0.8 68 -10 3.5 -2.1
TTAI FCF International Quality ETF 0.7 59 -1 7.2 +1.6
IGRO iShares International Dividend Growth ETF 0.7 15 43 7.1 +1.5
ISHP First Trust Nasdaq Retail ETF 0.6 60 -2 5.6 -0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 19 11.1 +5.5
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -7 5.5 -0.1
OND ProShares On-Demand ETF 0.5 58 0 -0.5 -6.1
HERO Global X Video Games & Esports ETF 0.5 50 8 4.4 -1.3
NERD Roundhill Video Games ETF 0.5 50 8 6.3 +0.7
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 13 5.2 -0.4
IXG iShares Global Financials ETF 0.5 42 16 6.7 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -2 7.7 +2.1
WDIV SPDR S&P Global Dividend ETF 0.5 40 18 9.0 +3.4
RCGE RockCreek Global Equality ETF 0.5 95 -37 6.8 +1.1
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -7 21.1 +15.4
CGDG Capital Group Dividend Growers ETF 0.5 47 11 6.1 +0.5
ARVR First Trust Indxx Metaverse ETF 0.4 70 -12 4.0 -1.6
HART IQ Healthy Hearts ETF 0.4 45 13 6.4 +0.7
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 48 6.5 +0.8
IXP iShares Global Comm Services ETF 0.3 42 16 5.9 +0.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -22 14.0 +8.3
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -4 3.3 -2.3
HAP VanEck Natural Resources ETF 0.3 50 8 9.1 +3.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 13 1.4 -4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 49 5.5 -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 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 14.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.