iShares MSCI Taiwan ETF
ALTAR
Score™		 2.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 32.0x P/Sales
ratio		 2.4x
P/BV
ratio		 4.2x Div.
yield		 1.6%


  • 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) $10,785
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 20.7 %
MEDIATEK INC 6.8 %
DELTA ELECTRONICS INC 5.1 %
HON HAI PRECISION INDUSTRY 3.9 %
ADVANCED SEMICONDUCTOR ENGR 2.8 %
ELITE MATERIAL CO LTD 2.2 %
YAGEO CORPORATION 2.2 %
UNIMICRON TECHNOLOGY CORP 2.1 %
ACCTON TECHNOLOGY CORP 2.0 %
UNITED MICROELECTRONICS CORP 2.0 %
Total 50.0 %

TOP COUNTRY EXPOSURE
TAIWAN 94.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
61.8% 105.2% 19.4% 20.5% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.55 54%
MSCI EAFE 1.18 51%
MSCI Emg. Mkts. 1.12 79%

Technical Indicators
Recent close $102.62
30d moving avg. $97.82
Annualized volatility 20.9%
Short interest (ETF) 12.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 6,852
Turnover 6.5%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $3,063

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 180 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™: 2.9%


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 39.6 7 51 5.6 +2.7
XCNY SPDR S&P Emerging Markets ex-China ETF 36.7 15 43 5.5 +2.6
AIA iShares Asia 50 ETF 34.2 50 8 7.3 +4.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.4 20 38 8.0 +5.1
EMXC iShares MSCI Emerging Markets ex China ETF 32.7 25 33 4.8 +1.9
STXE Strive Emerging Markets Ex-China ETF 30.7 32 26 4.9 +2.0
JIVE JPMorgan International Value ETF 30.5 55 3 8.1 +5.2
XCEM Columbia EM Core ex-China ETF 29.9 16 42 4.7 +1.8
EEMA iShares MSCI Emerging Markets Asia ETF 29.4 49 9 7.2 +4.3
SCHE Schwab Emerging Markets Equity ETF 29.2 11 47 9.3 +6.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.9 70 -12 6.6 +3.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 28.8 32 26 4.6 +1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 28.5 24 34 5.0 +2.1
VWO Vanguard FTSE Emerging Markets ETF 28.0 7 51 9.0 +6.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 27.6 30 28 7.6 +4.7
AGIX KraneShares Artificial Intelligence and Technology ETF 27.5 99 -41 1.0 -1.9
DEHP Dimensional Emerging Markets High Profitability ETF 27.5 41 17 4.5 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 27.1 7 51 9.2 +6.3
ESGE iShares ESG Aware MSCI EM ETF 27.1 25 33 7.8 +4.9
EEM iShares MSCI Emerging Markets ETF 26.0 69 -11 7.4 +4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 26.0 30 28 7.3 +4.5
EMM Global X Emerging Markets ex-China ETF 25.9 75 -17 4.5 +1.6
FTHF First Trust Emerging Markets Human Flourishing ETF 25.8 75 -17 5.3 +2.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 25.8 69 -11 7.1 +4.2
NUEM Nuveen ESG Emerging Markets Equity ETF 25.2 36 22 5.8 +3.0
FLAX Franklin FTSE Asia Ex Japan ETF 24.7 19 39 6.8 +3.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.4 95 -37 9.7 +6.8
EMXF iShares ESG Advanced MSCI EM ETF 24.4 16 42 6.4 +3.5
GMF SPDR S&P Emerging Asia Pacific ETF 24.0 49 9 8.4 +5.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 23.7 33 25 6.4 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 23.6 35 23 6.6 +3.8
EMGF iShares Emerging Markets Equity Factor ETF 23.5 25 33 8.4 +5.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 23.3 88 -30 7.5 +4.6
JADE JPMorgan Active Developing Markets Equity ETF 23.0 65 -7 5.8 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 23.0 66 -8 6.8 +3.9
ECON Columbia Emerging Markets Consumer ETF 22.8 49 9 6.2 +3.3
IEMG iShares Core MSCI Emerging Markets ETF 22.8 9 49 7.8 +4.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 22.7 32 26 7.1 +4.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 22.7 15 43 7.6 +4.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 22.5 15 43 8.5 +5.6
BKEM BNY Mellon Emerging Markets Equity ETF 22.3 11 47 7.5 +4.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 22.2 53 5 4.8 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 22.2 45 13 7.7 +4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.2 39 19 13.4 +10.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 22.2 36 22 7.3 +4.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 20.4 35 23 9.8 +6.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 20.4 40 18 6.0 +3.2
EMC Global X Emerging Markets Great Consumer ETF 19.9 75 -17 6.8 +3.9
MEM Matthews Emerging Markets Equity Active ETF 19.6 79 -21 8.1 +5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 19.5 48 10 8.1 +5.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 19.1 75 -17 5.9 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 18.8 38 20 6.7 +3.8
FDEM Fidelity Emerging Markets Multifactor ETF 18.8 25 33 9.9 +7.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 18.7 41 17 6.6 +3.7
JHEM John Hancock Multifactor Emerging Markets ETF 18.2 49 9 7.2 +4.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 18.2 25 33 5.9 +3.0
FRDM Freedom 100 Emerging Markets ETF 17.7 49 9 5.0 +2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 17.6 49 9 13.1 +10.3
MINV Matthews Asia Innovators Active ETF 17.4 79 -21 4.9 +2.0
FEM First Trust Emerging Markets AlphaDEX Fund 16.6 80 -22 8.7 +5.8
DFEV Dimensional Emerging Markets Value ETF 16.5 43 15 8.9 +6.1
PATN Pacer Nasdaq International Patent Leaders ETF 16.3 65 -7 3.9 +1.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 15.9 75 -17 1.7 -1.2
LDEM iShares ESG MSCI EM Leaders ETF 15.4 17 41 12.3 +9.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.5 50 8 7.8 +4.9
ROAM Hartford Multifactor Emerging Markets ETF 14.5 44 14 7.3 +4.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 14.3 90 -32 3.5 +0.6
CLNR IQ Cleaner Transport ETF 13.3 45 13 3.9 +1.0
AVEM Avantis Emerging Markets Equity ETF 12.5 33 25 6.7 +3.8
DEM WisdomTree Emerging Markets High Dividend Fund 12.4 63 -5 9.9 +7.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.3 42 16 3.9 +1.0
NXTG First Trust Indxx NextG ETF 12.2 70 -12 3.3 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.0 59 -1 8.1 +5.2
BAI iShares AI Innovation and Tech Active ETF 11.0 55 3 0.8 -2.1
VSGX Vanguard ESG International Stock ETF 10.3 10 48 6.4 +3.5
AVSE Avantis Responsible Emerging Markets Equity ETF 10.2 33 25 6.3 +3.5
AVES Avantis Emerging Markets Value ETF 10.0 36 22 8.6 +5.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.9 44 14 9.3 +6.4
ARTY iShares Future AI & Tech ETF 9.8 47 11 2.3 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 9.6 33 25 5.8 +2.9
KNCT Invesco Next Gen Connectivity ETF 9.6 40 18 2.8 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.6 47 11 7.0 +4.1
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 11 7.3 +4.4
JIG JPMorgan International Growth ETF 9.3 55 3 3.5 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 8.8 34 24 6.2 +3.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.8 29 29 8.6 +5.7
AIVC Amplify Bloomberg AI Value Chain ETF 8.5 59 -1 3.3 +0.4
FRGN Horizon International Equity ETF 8.4 75 -17 7.5 +4.6
WRND IQ Global Equity R&D Leaders ETF 8.3 18 40 4.0 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 8.3 4 54 6.5 +3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.0 41 17 5.8 +3.0
VXUS Vanguard Total International Stock ETF 7.7 5 53 6.5 +3.6
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 -17 7.9 +5.1
IXUS iShares Core MSCI Total International Stock ETF 7.6 7 51 6.4 +3.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 7.5 18 40 6.2 +3.3
CGXU Capital Group International Focus Equity ETF 7.2 54 4 3.6 +0.8
OCEN IQ Clean Oceans ETF 7.1 45 13 4.6 +1.7
AQLT iShares MSCI Global Quality Factor ETF 7.1 18 40 0.0 -2.9
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 10 5.5 +2.6
FBOT Fidelity Disruptive Automation ETF 6.9 50 8 2.9 -0.0
CHPX Global X AI Semiconductor & Quantum ETF 6.5 50 8 1.4 -1.4
IXN iShares Global Tech ETF 6.5 41 17 2.5 -0.4
AGQI First Trust Active Global Quality Income ETF 6.2 85 -27 6.3 +3.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.2 70 -12 9.4 +6.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.1 60 -2 8.9 +6.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.9 78 -20 9.4 +6.5
QTUM Defiance Quantum ETF 5.9 40 18 3.3 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.4 30 28 6.2 +3.3
POW VistaShares Electrification Supercycle ETF 5.1 75 -17 1.9 -1.0
SNSR Global X Internet of Things ETF 5.0 68 -10 3.1 +0.3
VYMI Vanguard International High Dividend Yield ETF 4.9 17 41 7.9 +5.0
OAIM OneAscent International Equity ETF 4.8 95 -37 4.4 +1.6
CHAT Roundhill Generative AI & Technology ETF 4.7 75 -17 3.8 +1.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.5 45 13 9.4 +6.5
ACWV iShares MSCI Global Min Vol Factor ETF 4.5 20 38 5.7 +2.8
TINY ProShares Nanotechnology ETF 4.3 58 0 1.1 -1.8
ROBO ROBO Global Robotics & Automation Index ETF 4.3 95 -37 2.3 -0.6
IGRO iShares International Dividend Growth ETF 4.3 15 43 6.6 +3.8
MOTI VanEck Morningstar International Moat ETF 3.9 58 0 10.2 +7.4
MOTG VanEck Morningstar Global Wide Moat ETF 3.7 52 6 7.9 +5.0
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -8 8.6 +5.8
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -31 4.2 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 38 4.7 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.3 12 46 4.4 +1.5
ACWI iShares MSCI ACWI ETF 3.2 32 26 4.6 +1.7
FDTX Fidelity Disruptive Technology ETF 3.2 50 8 1.5 -1.4
AIS VistaShares Artificial Intelligence Supercycle ETF 3.2 75 -17 0.8 -2.1
IBAT iShares Energy Storage & Materials ETF 3.1 47 11 1.5 -1.4
CWI SPDR MSCI ACWI ex-US ETF 3.1 30 28 6.3 +3.4
GLOF iShares Global Equity Factor ETF 3.1 20 38 5.5 +2.6
VIDI Vident International Equity Strategy ETF 3.0 61 -3 7.9 +5.0
EDIV SPDR S&P Emerging Markets Dividend ETF 3.0 49 9 8.8 +5.9
IGPT Invesco AI and Next Gen Software ETF 3.0 60 -2 2.2 -0.7
VT Vanguard Total World Stock ETF 2.9 6 52 4.9 +2.1
XT iShares Exponential Technologies ETF 2.8 46 12 3.8 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 2.7 29 29 6.0 +3.1
DSTX Distillate International Fundamental Stability & Value ETF 2.7 55 3 6.6 +3.7
FPXI First Trust International Equity Opportunities ETF 2.6 70 -12 3.5 +0.6
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 48 4.9 +2.0
DWX SPDR S&P International Dividend ETF 2.2 45 13 6.6 +3.7
DTCR Global X Data Center & Digital Infrastructure ETF 2.2 50 8 3.1 +0.2
IHAK iShares Cybersecurity & Tech ETF 2.0 47 11 3.6 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -2 6.5 +3.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 9 4.5 +1.6
FCLD Fidelity Cloud Computing ETF 1.9 39 19 3.0 +0.1
AIQ Global X Artificial Intelligence & Technology ETF 1.9 68 -10 2.6 -0.3
WWJD Inspire International ETF 1.8 80 -22 6.2 +3.4
PBD Invesco Global Clean Energy ETF 1.5 75 -17 0.2 -2.7
DVYE iShares Emerging Markets Dividend ETF 1.5 49 9 17.4 +14.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.3 67 -9 12.4 +9.6
SUPL ProShares Supply Chain Logistics ETF 1.1 58 0 7.3 +4.4
RCGE RockCreek Global Equality ETF 1.1 95 -37 6.0 +3.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 -7 1.4 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -2 7.7 +4.8
WDIV SPDR S&P Global Dividend ETF 1.0 40 18 8.9 +6.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.0 75 -17 3.4 +0.5
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 13 4.4 +1.5
BLES Inspire Global Hope ETF 0.9 61 -3 5.7 +2.8
SDIV Global X Superdividend ETF 0.9 58 0 13.6 +10.7
IXG iShares Global Financials ETF 0.7 42 16 6.1 +3.2
JGLO JPMorgan Global Select Equity ETF 0.7 33 25 4.3 +1.4
TTAI FCF International Quality ETF 0.7 59 -1 6.8 +3.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.7 45 13 1.7 -1.2
DEW WisdomTree Global High Dividend Fund 0.7 58 0 7.1 +4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 49 4.8 +1.9
SLX VanEck Steel ETF 0.5 56 2 9.7 +6.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 3 3.8 +0.9
OND ProShares On-Demand ETF 0.5 58 0 0.5 -2.4
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -7 24.9 +22.0
ESPO VanEck Video Gaming and eSports ETF 0.5 56 2 6.8 +3.9
HERO Global X Video Games & Esports ETF 0.5 50 8 6.1 +3.3
NERD Roundhill Video Games ETF 0.5 50 8 8.2 +5.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.5 60 -2 4.5 +1.6
ISHP First Trust Nasdaq Retail ETF 0.5 60 -2 5.5 +2.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 0 3.4 +0.5
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 3 5.6 +2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 19 7.6 +4.7
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 48 6.0 +3.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 16 7.3 +4.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 0 8.1 +5.2

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 14.0 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 2.9 %
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.