iShares MSCI United Kingdom ETF
ALTAR
Score™
7.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.0x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI United Kingdom Index fund seeks investment results that correspond to the price and yield performance of the MSCI UK Index. The index consists primarily of large cap stocks traded in the British market.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 18, 1996
Assets (mns) $2,068
Currency USD
Expense ratio 50 bp
Distributions Semi-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 97
Wgt avg mkt cap (mns) $62,214
Large cap (>$10bn) 84.6%
Mid cap ($2-10bn) 15.3%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASTRAZENECA PLC 7.5 %
GLAXOSMITHKLINE PLC 5.6 %
HSBC HOLDINGS PLC 5.0 %
BRITISH AMERICAN TOBACCO PLC 4.9 %
DIAGEO PLC 4.4 %
BP PLC 4.2 %
ROYAL DUTCH SHELL PLC-A SHS 3.5 %
RECKITT BENCKISER GROUP PLC 3.4 %
RIO TINTO PLC 3.3 %
UNILEVER PLC 3.2 %
Total 45.1 %

TOP COUNTRY EXPOSURE
BRITAIN 95.0 %
IRELAND 2.2 %
SWITZERLAND 1.4 %
GERMANY 0.1 %







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.
-24.5% -15.3% -4.0% 3.0% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.88 71%
MSCI EAFE 1.08 92%
MSCI Emg. Mkts. 0.80 77%

Technical Indicators
Recent close $26.44
30d moving avg. $24.97
Annualized volatility 17.7%
Short interest (ETF) 5.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3,632
Turnover 4.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $7,244

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI United Kingdom ETF ETF based on the alternatives' overlap in portfolio holdings with EWU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWU Expense: 50 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWU
Ticker Fund
Name
Overlap1
vs EWU
(%)
Expense
ratio
(bp)
Savings
vs EWU
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWU
(%)
QGBR SPDR MSCI UK StrategicFactors ETF 94.8 14 36 7.8 +0.6
FLGB Franklin FTSE United Kingdom ETF 90.6 9 41 7.7 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 28.0 48 2 6.7 -0.5
FKU First Trust United Kingdom AlphaDEX Fund 24.9 80 -30 9.6 +2.4
IEV iShares Europe ETF 23.7 59 -9 7.1 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 22.5 9 41 7.6 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 22.5 45 5 6.9 -0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 22.3 30 20 7.1 -0.1
FLEE Franklin FTSE Europe ETF 22.1 9 41 7.2 +0.0
FLEH Franklin FTSE Europe Hedged ETF 21.9 9 41 7.3 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 21.0 25 25 6.9 -0.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.9 20 30 9.6 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 20.8 83 -33 5.1 -2.1
IEUR iShares Core MSCI Europe ETF 20.1 9 41 7.6 +0.4
DTH WisdomTree DEFA Equity Income Fund 19.8 58 -8 9.9 +2.7
VGK Vanguard FTSE Europe ETF 19.5 8 42 7.6 +0.4
FEU SPDR Portfolio Europe ETF 18.8 9 41 7.6 +0.4
EFV iShares MSCI EAFE Value ETF 18.7 39 11 10.4 +3.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 18.6 58 -8 6.3 -1.0
EUMV iShares Edge MSCI Min Vol Europe ETF 17.7 25 25 5.6 -1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 17.5 30 20 6.4 -0.8
DOO WisdomTree International Dividend ex-Financials Fund 17.2 58 -8 8.9 +1.7
EUFN iShares MSCI Europe Financials ETF 16.5 48 2 12.5 +5.3
JPEU JPMorgan Diversified Return Europe Equity ETF 16.1 37 13 7.0 -0.2
DOL WisdomTree International LargeCap Dividend Fund 16.0 48 2 8.8 +1.6
IDY Pacific Global International Equity Income ETF 15.6 39 11 8.3 +1.1
IDV iShares International Select Dividend ETF 15.2 49 1 13.0 +5.8
JPIN JPMorgan Diversified Return International Equity ETF 15.0 38 12 8.1 +0.9
IVLU iShares Edge MSCI Intl Value Factor ETF 14.9 30 20 11.6 +4.4
SCID Global X Scientific Beta Europe ETF 14.7 38 12 7.2 -0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 14.7 30 20 6.9 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.7 45 5 9.2 +2.0
VYMI Vanguard International High Dividend Yield ETF 14.6 32 18 10.6 +3.4
EFA iShares MSCI EAFE ETF 14.2 32 18 7.4 +0.2
JHMD John Hancock Multifactor Developed International ETF 14.1 45 5 7.6 +0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 14.1 20 30 7.4 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.0 35 15 7.2 0.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.8 58 -8 6.4 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 13.7 38 12 6.5 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 13.6 25 25 9.0 +1.8
IQSI IQ Candriam ESG International Equity ETF 13.4 15 35 7.5 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 13.3 50 0 11.4 +4.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.3 45 5 10.2 +3.0
HFXI IQ 50 Percent Hedged FTSE International ETF 13.2 20 30 7.8 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.1 35 15 8.8 +1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 13.1 55 -5 7.0 -0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 13.0 83 -33 6.5 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 12.9 29 21 5.5 -1.7
DWM WisdomTree International Equity Fund 12.9 48 2 8.5 +1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.8 7 43 7.8 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 12.8 40 10 7.1 -0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.8 20 30 11.3 +4.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 12.7 20 30 7.5 +0.3
ISDX Invesco Strategic Developed ex-US ETF 12.6 23 27 7.7 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.5 25 25 7.0 -0.2
INTF iShares Edge MSCI Multifactor Intl ETF 12.3 30 20 8.5 +1.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.3 48 2 0.0 -7.2
IEFA iShares Core MSCI EAFE ETF 12.2 7 43 7.5 +0.3
FIVA Fidelity International Value Factor ETF 12.1 39 11 10.5 +3.3
SCHF Schwab International Equity ETF 11.8 6 44 7.6 +0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.4 50 0 6.7 -0.5
KXI iShares Global Consumer Staples ETF 11.3 46 4 5.4 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.2 39 11 6.9 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.2 14 36 7.2 -0.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 11.2 39 11 11.4 +4.2
IDEV iShares Core MSCI International Developed Markets ETF 11.1 5 45 7.5 +0.3
WWJD Inspire International ESG ETF 11.0 80 -30 8.0 +0.8
PDEV Principal International Multi-Factor Core Index ETF 10.8 25 25 8.1 +0.9
FILL iShares MSCI Global Energy Producers ETF 10.8 39 11 6.3 -0.9
IXC iShares Global Energy ETF 10.8 46 4 5.7 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 10.7 4 46 7.4 +0.2
EFG iShares MSCI EAFE Growth ETF 10.6 40 10 4.8 -2.4
DDEZ WisdomTree Europe Multifactor Fund 10.5 43 7 7.2 -0.0
DWMF WisdomTree International Multifactor Fund 10.5 38 12 6.9 -0.3
VEA Vanguard FTSE Developed Markets ETF 10.4 5 45 7.6 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 10.4 20 30 6.0 -1.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 10.3 46 4 6.1 -1.1
RBIN Nationwide Risk-Based International Equity ETF 10.0 42 8 6.5 -0.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 10.0 47 3 13.1 +5.9
IQIN IQ 500 International ETF 9.8 25 25 9.3 +2.1
FDEV Fidelity Targeted International Factor ETF 9.7 39 11 6.7 -0.5
CIL VictoryShares International Volatility Weighted Index ETF 9.7 45 5 6.9 -0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 9.5 24 26 7.4 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 9.4 32 18 7.7 +0.5
CWI SPDR MSCI ACWI ex-US ETF 9.3 30 20 7.9 +0.6
FYLD Cambria Foreign Shareholder Yield ETF 9.2 59 -9 9.8 +2.5
IQDF FlexShares International Quality Dividend Index Fund 9.2 47 3 13.4 +6.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.2 40 10 7.6 +0.4
DNL WisdomTree Global ex-US Dividend Growth Fund 9.2 58 -8 8.0 +0.8
EFAS Global X MSCI SuperDividend EAFE ETF 9.1 55 -5 10.3 +3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.1 32 18 6.6 -0.6
MXI iShares Global Materials ETF 8.7 46 4 6.3 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 8.7 8 42 8.0 +0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 8.6 30 20 7.2 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.4 39 11 9.4 +2.1
LVHI Legg Mason International Low Volatility High Dividend ETF 8.3 40 10 10.4 +3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.3 47 3 14.0 +6.8
FDD First Trust Stoxx European Select Dividend Index Fund 8.2 57 -7 12.8 +5.6
IXUS ishares Core MSCI Total International Stock ETF 8.2 9 41 7.8 +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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 United Kingdom ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.59
 
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.