iShares MSCI Taiwan ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 21.8x P/Sales
ratio		 1.6x
P/BV
ratio		 2.8x Div.
yield		 2.4%


  • 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) $8,037
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 88
Wgt avg mkt cap (mns) $276,087
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 24.3 %
MEDIATEK INC 4.6 %
HON HAI PRECISION INDUSTRY 4.6 %
DELTA ELECTRONICS INC 4.3 %
CHINATRUST FINANCIAL HOLDING 1.9 %
FUBON FINANCIAL HOLDING CO 1.7 %
ACCTON TECHNOLOGY CORP 1.6 %
QUANTA COMPUTER INC 1.6 %
ELITE MATERIAL CO LTD 1.6 %
ADVANCED SEMICONDUCTOR ENGR 1.5 %
Total 47.7 %

TOP COUNTRY EXPOSURE
TAIWAN 98.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% 38.4% 12.6% 16.5% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.97 55%
MSCI EAFE 1.10 52%
MSCI Emg. Mkts. 1.21 74%

Technical Indicators
Recent close $71.44
30d moving avg. $66.96
Annualized volatility 20.9%
Short interest (ETF) 12.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 5,305
Turnover 4.7%
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™: 4.6%


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
(%)
AIA iShares Asia 50 ETF 33.4 50 8 9.9 +5.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.5 20 38 22,159.8 +22,155.2
JIVE JPMorgan International Value ETF 28.9 55 3 8.9 +4.3
XCEM Columbia EM Core ex-China ETF 28.6 16 42 6.1 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 28.6 25 33 5.4 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 27.3 15 43 6.0 +1.4
STXE Strive Emerging Markets Ex-China ETF 27.0 32 26 5.7 +1.1
EEMA iShares MSCI Emerging Markets Asia ETF 26.4 49 9 7.6 +2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 26.0 24 34 5.8 +1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 25.8 32 26 5.0 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 24.3 70 -12 6.9 +2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 22.5 48 10 5.7 +1.1
ESGE iShares ESG Aware MSCI EM ETF 22.4 25 33 8.1 +3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 22.3 30 28 7.7 +3.1
SCHE Schwab Emerging Markets Equity ETF 21.9 11 47 9.2 +4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.4 95 -37 9.7 +5.1
NUEM Nuveen ESG Emerging Markets Equity ETF 21.3 36 22 6.4 +1.8
FLAX Franklin FTSE Asia Ex Japan ETF 21.2 19 39 7.1 +2.5
EEM iShares MSCI Emerging Markets ETF 20.9 69 -11 7.7 +3.1
JADE JPMorgan Active Developing Markets Equity ETF 20.9 65 -7 6.1 +1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 20.7 15 43 6.3 +1.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 20.7 33 25 7.7 +3.1
VWO Vanguard FTSE Emerging Markets ETF 20.5 7 51 8.8 +4.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.1 66 -8 7.3 +2.7
DEHP Dimensional Emerging Markets High Profitability ETF 19.9 41 17 5.0 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.9 30 28 7.1 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 19.8 7 51 9.0 +4.3
MINV Matthews Asia Innovators Active ETF 19.5 79 -21 5.4 +0.8
ECON Columbia Emerging Markets Consumer ETF 19.4 49 9 9.3 +4.7
EMGF iShares Emerging Markets Equity Factor ETF 19.4 25 33 9.0 +4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 19.3 15 43 8.1 +3.5
BKEM BNY Mellon Emerging Markets Equity ETF 19.3 11 47 7.6 +3.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.2 32 26 6.7 +2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 18.9 36 22 7.6 +3.0
EMXF iShares ESG Advanced MSCI EM ETF 18.8 16 42 6.8 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.8 45 13 8.0 +3.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 18.7 88 -30 7.0 +2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 18.0 49 9 12.9 +8.3
FTHF First Trust Emerging Markets Human Flourishing ETF 18.0 75 -17 6.6 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.0 40 18 5.9 +1.3
IEMG iShares Core MSCI Emerging Markets ETF 18.0 9 49 8.1 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 17.8 35 23 7.1 +2.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 17.6 53 5 5.7 +1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 17.5 35 23 11.0 +6.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 17.1 39 19 13.6 +9.0
JHEM John Hancock Multifactor Emerging Markets ETF 16.8 49 9 7.9 +3.3
MEM Matthews Emerging Markets Equity Active ETF 16.6 79 -21 6.0 +1.3
FDEM Fidelity Emerging Markets Multifactor ETF 15.9 25 33 10.2 +5.5
GMF SPDR S&P Emerging Asia Pacific ETF 14.9 49 9 8.2 +3.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 14.3 90 -32 4.2 -0.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.3 75 -17 7.5 +2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 14.1 41 17 6.8 +2.2
LDEM iShares ESG MSCI EM Leaders ETF 14.1 17 41 10.9 +6.3
PATN Pacer Nasdaq International Patent Leaders ETF 14.1 65 -7 4.3 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 13.4 38 20 7.1 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 13.3 80 -22 9.7 +5.0
ROAM Hartford Multifactor Emerging Markets ETF 13.1 44 14 9.7 +5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.8 50 8 8.6 +4.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.7 25 33 5.7 +1.1
FRDM Freedom 100 Emerging Markets ETF 12.6 49 9 5.5 +0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 11.5 75 -17 2.3 -2.3
DEM WisdomTree Emerging Markets High Dividend Fund 11.1 63 -5 11.2 +6.6
AVES Avantis Emerging Markets Value ETF 11.1 36 22 9.0 +4.4
DFEV Dimensional Emerging Markets Value ETF 11.1 43 15 9.8 +5.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 10.8 59 -1 7.1 +2.4
CLNR IQ Cleaner Transport ETF 10.6 45 13 4.9 +0.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.3 29 29 7.6 +3.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.1 33 25 6.4 +1.8
AVEM Avantis Emerging Markets Equity ETF 10.0 33 25 6.8 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.7 44 14 9.0 +4.3
KNCT Invesco Next Gen Connectivity ETF 9.6 40 18 3.8 -0.8
EMM Global X Emerging Markets ex-China ETF 9.5 75 -17 5.2 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.1 42 16 5.5 +0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 8.7 33 25 6.6 +2.0
AIVC Amplify Bloomberg AI Value Chain ETF 8.5 59 -1 4.3 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 8.5 75 -17 7.5 +2.9
NXTG First Trust Indxx NextG ETF 8.5 70 -12 4.1 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.8 47 11 6.6 +1.9
VSGX Vanguard ESG International Stock ETF 7.5 10 48 6.4 +1.8
WRND IQ Global Equity R&D Leaders ETF 7.3 18 40 6.5 +1.9
IQDF FlexShares International Quality Dividend Index Fund 7.2 47 11 7.1 +2.5
FBOT Fidelity Disruptive Automation ETF 7.1 50 8 2.7 -2.0
EMC Global X Emerging Markets Great Consumer ETF 7.1 75 -17 6.7 +2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.1 45 13 9.1 +4.4
IXN iShares Global Tech ETF 6.9 41 17 2.9 -1.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.9 70 -12 10.9 +6.3
ARTY iShares Future AI & Tech ETF 6.8 47 11 2.9 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 6.5 34 24 6.2 +1.6
JIG JPMorgan International Growth ETF 6.5 55 3 3.9 -0.8
CGXU Capital Group International Focus Equity ETF 6.5 54 4 4.5 -0.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.2 78 -20 8.4 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 6.0 4 54 6.5 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.0 41 17 6.2 +1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 40 6.2 +1.6
OCEN IQ Clean Oceans ETF 5.7 45 13 5.1 +0.5
DOL WisdomTree International LargeCap Dividend Fund 5.7 48 10 5.7 +1.1
IXUS iShares Core MSCI Total International Stock ETF 5.6 7 51 6.4 +1.8
VXUS Vanguard Total International Stock ETF 5.5 5 53 6.5 +1.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.5 60 -2 9.1 +4.5
AGQI First Trust Active Global Quality Income ETF 5.1 85 -27 4.4 -0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 5.0 49 9 8.2 +3.6
QTUM Defiance Quantum ETF 4.8 40 18 4.3 -0.4
CHAT Roundhill Generative AI & Technology ETF 4.8 75 -17 6.2 +1.6
CHPX Global X AI Semiconductor & Quantum ETF 4.7 50 8 2.4 -2.2
POW VistaShares Electrification Supercycle ETF 4.3 75 -17 2.5 -2.1
ROBO ROBO Global Robotics & Automation Index ETF 3.9 95 -37 2.6 -2.1
OAIM OneAscent International Equity ETF 3.9 95 -37 4.3 -0.3
ACWV iShares MSCI Global Min Vol Factor ETF 3.9 20 38 5.2 +0.6
JSTC Adasina Social Justice All Cap Global ETF 3.8 89 -31 4.2 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.6 30 28 6.2 +1.6
IGRO iShares International Dividend Growth ETF 3.6 15 43 6.0 +1.4
VYMI Vanguard International High Dividend Yield ETF 3.5 17 41 7.6 +3.0
EYLD Cambria Emerging Shareholder Yield ETF 3.1 66 -8 9.8 +5.2
MOTI VanEck Morningstar International Moat ETF 3.0 58 0 9.2 +4.6
SNSR Global X Internet of Things ETF 3.0 68 -10 4.0 -0.6
IGPT Invesco AI and Next Gen Software ETF 3.0 60 -2 3.3 -1.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.0 52 6 8.7 +4.1
VIDI Vident International Equity Strategy ETF 2.9 61 -3 8.6 +4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 2.7 29 29 6.8 +2.2
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 48 4.9 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.6 20 38 4.7 +0.1
DWX SPDR S&P International Dividend ETF 2.6 45 13 6.3 +1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.4 49 9 4.7 +0.1
ACWI iShares MSCI ACWI ETF 2.4 32 26 4.7 +0.1
IBAT iShares Energy Storage & Materials ETF 2.3 47 11 2.2 -2.5
DSTX Distillate International Fundamental Stability & Value ETF 2.3 55 3 6.4 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.2 12 46 4.4 -0.3
GLOF iShares Global Equity Factor ETF 2.2 20 38 5.8 +1.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.2 60 -2 7.3 +2.7
VT Vanguard Total World Stock ETF 2.1 6 52 5.0 +0.4
PBD Invesco Global Clean Energy ETF 2.1 75 -17 0.6 -4.0
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 8 2.9 -1.7
AIS VistaShares Artificial Intelligence Supercycle ETF 2.0 75 -17 1.8 -2.8
FCLD Fidelity Cloud Computing ETF 2.0 39 19 3.1 -1.5
FDTX Fidelity Disruptive Technology ETF 2.0 50 8 2.3 -2.3
XT iShares Exponential Technologies ETF 1.9 46 12 4.2 -0.4
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 28 6.2 +1.5
WWJD Inspire International ETF 1.8 80 -22 6.0 +1.4
IHAK iShares Cybersecurity & Tech ETF 1.6 47 11 4.2 -0.5
JGLO JPMorgan Global Select Equity ETF 1.6 33 25 4.3 -0.3
AIQ Global X Artificial Intelligence & Technology ETF 1.5 68 -10 3.1 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.4 67 -9 12.7 +8.0
SUPL ProShares Supply Chain Logistics ETF 1.3 58 0 8.5 +3.9
RCGE RockCreek Global Equality ETF 1.2 95 -37 5.9 +1.3
DVYE iShares Emerging Markets Dividend ETF 1.2 49 9 15.7 +11.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 3 5.3 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 0.9 60 -2 6.8 +2.2
WDIV SPDR S&P Global Dividend ETF 0.9 40 18 7.8 +3.2
BLES Inspire Global Hope ETF 0.9 61 -3 5.8 +1.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -7 1.7 -2.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.9 75 -17 3.3 -1.3
FPXI First Trust International Equity Opportunities ETF 0.7 70 -12 3.3 -1.3
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 13 4.8 +0.1
TTAI FCF International Quality ETF 0.7 59 -1 6.5 +1.9
SLX VanEck Steel ETF 0.7 56 2 10.6 +6.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 0 3.4 -1.2
IXG iShares Global Financials ETF 0.6 42 16 5.9 +1.3
DEW WisdomTree Global High Dividend Fund 0.6 58 0 7.0 +2.4
ISHP First Trust Nasdaq Retail ETF 0.5 60 -2 5.5 +0.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 19 8.0 +3.4
OND ProShares On-Demand ETF 0.5 58 0 -0.6 -5.2
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -7 20.7 +16.1
ESPO VanEck Video Gaming and eSports ETF 0.5 56 2 5.3 +0.7
HERO Global X Video Games & Esports ETF 0.5 50 8 4.5 -0.1
NERD Roundhill Video Games ETF 0.5 50 8 6.7 +2.1
ODDS Pacer BlueStar Digital Entertainment ETF 0.5 60 -2 3.2 -1.4
CGDG Capital Group Dividend Growers ETF 0.4 47 11 5.2 +0.6
IXP iShares Global Comm Services ETF 0.3 42 16 5.2 +0.6
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 48 5.6 +1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 0 8.0 +3.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -4 3.0 -1.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 3 4.0 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 49 4.8 +0.2
HAP VanEck Natural Resources ETF 0.2 50 8 7.0 +2.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 13 1.6 -3.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -22 12.2 +7.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 16 8.2 +3.6

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 14.5 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.54
 
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.