iShares MSCI Mexico ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
The iShares MSCI Mexico Index fund seeks investment results that correspond to the price and yield performance of the MSCI Mexico Index. The index consists primarily of large cap stocks traded on the Mexican Stock Exchange. |
Category | Emerging Market Equities |
Fund Sponsor | Barclays Global Investors |
Website | www.ishares.com |
Inception date | Mar 12, 1996 |
Assets (mns) | $2,107 |
Currency | USD |
Expense ratio | 50 bp |
Distributions | Semi-Annually |
Regulation | Open-Ended Fund |
Custodian | State Street Bank & Trust |
Weighting | Market Cap |
Index replication | Optimized |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 43 |
Wgt avg mkt cap (mns) | $23,303 |
Large cap (>$10bn) | 62.8% |
Mid cap ($2-10bn) | 30.9% |
Small cap (<$2bn) | 6.3% |
Developed mkts | 0.0% |
Emerging mkts | 100.0% |
GRUPO FINANCIERO BANORTE-O | 12.3 % |
FOMENTO ECONOMICO MEXICANO SAB DE | 11.6 % |
WALMART DE MEXICO-SER V | 9.6 % |
AMERICA MOVIL B | 8.0 % |
GRUPO MEXICO S.A.B. DE C.V. CLASS | 5.1 % |
CEMEX SAB-CPO | 4.9 % |
GRUPO FINANCIERO INBURSA-O | 3.1 % |
GRUPO AEROPORTUARIO DE SUR-B | 2.9 % |
GRUPO AEROPORTUARIO DEL-B SH | 2.8 % |
GRUPO BIMBO SAB- SERIES A | 2.8 % | Total | 63.2 % |
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MEXICO | 90.6 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
0.0% | 20.4% | 12.0% | 3.4% | 9.0% |
versus... | Beta | R-squared |
S&P500 | 1.04 | 58% |
MSCI EAFE | 1.15 | 66% |
MSCI Emg. Mkts. | 0.77 | 32% |
Recent close | $69.08 |
30d moving avg. | $62.34 |
Annualized volatility | 24.4% |
Short interest (ETF) | 14.3% |
Relative strength (RSI) | 73 |
Avg. volume (thou.) | 2,193 |
Turnover | 7.2% |
Bid/Ask (% of price) | 0.02% |
ADV underlying (mns) | $367 |
FINDING ALTERNATIVE FUNDS
Below is a list of 138 potential alternatives to the iShares MSCI Mexico ETF ETF based on the alternatives' overlap in portfolio holdings with EWW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | EWW | Expense: | 50 bp | ALTAR Score™: | 6.2% |
Ticker | Fund Name |
Overlap1 vs EWW (%) |
Expense ratio (bp) |
Savings vs EWW (bp) |
ALTAR Score™ (%) |
ALTAR vs EWW (%) |
FLMX | Franklin FTSE Mexico ETF | 79.7 | 19 | 31 | 6.7 | +0.5 |
FLLA | Franklin FTSE Latin America ETF | 26.7 | 19 | 31 | -106.1 | -112.3 |
ILF | iShares Latin America 40 ETF | 24.5 | 48 | 2 | 7.8 | +1.7 |
FLN | First Trust Latin America AlphaDEX Fund | 19.5 | 80 | -30 | 9.6 | +3.5 |
PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 13.1 | 90 | -40 | 6.7 | +0.5 |
EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 12.7 | 75 | -25 | 9.1 | +3.0 |
EDOG | ALPS Emerging Sector Dividend Dogs ETF | 8.4 | 60 | -10 | 13.2 | +7.1 |
JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 6.9 | 44 | 6 | 9.7 | +3.6 |
RNEM | First Trust Emerging Markets Equity Select ETF | 5.7 | 75 | -25 | 8.2 | +2.0 |
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 5.4 | 32 | 18 | 7.1 | +0.9 |
XCEM | Columbia EM Core ex-China ETF | 5.4 | 16 | 34 | -24.1 | -30.3 |
BLDG | Cambria Global Real Estate ETF | 5.2 | 60 | -10 | 9.3 | +3.1 |
GMET | VanEck Green Metals ETF | 5.1 | 63 | -13 | 10.5 | +4.3 |
DEM | WisdomTree Emerging Markets High Dividend Fund | 4.5 | 63 | -13 | 12.4 | +6.2 |
MEM | Matthews Emerging Markets Equity Active ETF | 4.5 | 79 | -29 | 5.2 | -0.9 |
XC | WisdomTree Emerging Markets Ex-China Fund | 4.5 | 32 | 18 | -4.7 | -10.9 |
UEVM | VictoryShares Emerging Markets Value Momentum ETF | 4.4 | 45 | 5 | 12.6 | +6.5 |
FEM | First Trust Emerging Markets AlphaDEX Fund | 4.3 | 80 | -30 | 16.1 | +9.9 |
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 4.0 | 58 | -8 | 9.9 | +3.8 |
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 3.8 | 20 | 30 | 7.4 | +1.2 |
EYLD | Cambria Emerging Shareholder Yield ETF | 3.8 | 66 | -16 | 12.6 | +6.4 |
FDEM | Fidelity Emerging Markets Multifactor ETF | 3.8 | 25 | 25 | 11.5 | +5.3 |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 3.7 | 24 | 26 | 6.7 | +0.6 |
EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 3.5 | 60 | -10 | 10.1 | +3.9 |
JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 3.5 | 33 | 17 | 7.0 | +0.8 |
EMMF | WisdomTree Emerging Markets Multifactor Fund | 3.5 | 48 | 2 | 8.5 | +2.3 |
EDIV | SPDR S&P Emerging Markets Dividend ETF | 3.4 | 49 | 1 | 10.8 | +4.7 |
DSTX | Distillate International Fundamental Stability & Value ETF | 3.4 | 55 | -5 | 7.4 | +1.2 |
SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 3.3 | 67 | -17 | 17.2 | +11.1 |
ECON | Columbia Emerging Markets Consumer ETF | 3.3 | 49 | 1 | 4.8 | -1.3 |
EMXC | iShares MSCI Emerging Markets ex China ETF | 3.2 | 25 | 25 | -4.1 | -10.3 |
TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 3.2 | 59 | -9 | -0.6 | -6.7 |
HAUZ | DBX ETF Trust - Xtrackers International Real Estate ETF | 3.1 | 10 | 40 | 7.8 | +1.6 |
STXE | Strive Emerging Markets Ex-China ETF | 3.0 | 32 | 18 | -11.8 | -18.0 |
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 3.0 | 32 | 18 | 6.0 | -0.1 |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 2.9 | 66 | -16 | -0.6 | -6.8 |
LDEM | iShares ESG MSCI EM Leaders ETF | 2.8 | 17 | 33 | 7.8 | +1.6 |
EMM | Global X Emerging Markets ETF | 2.8 | 75 | -25 | 3.8 | -2.3 |
ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 2.8 | 70 | -20 | 11.3 | +5.1 |
RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | 2.8 | 88 | -38 | 6.4 | +0.2 |
IWTR | iShares MSCI Water Management Multisector ETF | 2.7 | 47 | 3 | 4.5 | -1.6 |
FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 2.7 | 39 | 11 | 12.0 | +5.8 |
EMXF | iShares ESG Advanced MSCI EM ETF | 2.7 | 16 | 34 | 7.6 | +1.4 |
SCHE | Schwab Emerging Markets Equity ETF | 2.6 | 11 | 39 | 7.5 | +1.3 |
RWX | SPDR Dow Jones International Real Estate ETF | 2.6 | 59 | -9 | 6.0 | -0.1 |
FEEM | FlexShares ESG & Climate Emerging Markets Core Index ETF | 2.6 | 18 | 32 | 7.7 | +1.5 |
AVRE | Avantis Real Estate ETF | 2.6 | 17 | 33 | 6.3 | +0.1 |
VWO | Vanguard FTSE Emerging Markets ETF | 2.6 | 8 | 42 | -0.0 | -6.2 |
SRET | Global X SuperDividend REIT ETF | 2.6 | 59 | -9 | 11.2 | +5.0 |
JHEM | John Hancock Multifactor Emerging Markets ETF | 2.6 | 49 | 1 | 8.2 | +2.1 |
AVES | Avantis Emerging Markets Value ETF | 2.5 | 36 | 14 | 11.7 | +5.5 |
EMC | Global X Emerging Markets Great Consumer ETF | 2.5 | 75 | -25 | 5.0 | -1.2 |
VIDI | Vident International Equity Strategy ETF | 2.4 | 61 | -11 | 11.2 | +5.1 |
PXH | Invesco FTSE RAFI Emerging Markets ETF | 2.3 | 49 | 1 | 11.4 | +5.3 |
GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 2.3 | 45 | 5 | 8.3 | +2.1 |
EEM | iShares MSCI Emerging Markets ETF | 2.3 | 69 | -19 | -1.0 | -7.2 |
DFEV | Dimensional Emerging Markets Value ETF | 2.3 | 43 | 7 | 10.8 | +4.6 |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 2.3 | 30 | 20 | 7.3 | +1.2 |
IEMG | iShares Core MSCI Emerging Markets ETF | 2.3 | 9 | 41 | 1.1 | -5.0 |
NUEM | Nuveen ESG Emerging Markets Equity ETF | 2.2 | 36 | 14 | 6.7 | +0.5 |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.2 | 36 | 14 | -12.9 | -19.0 |
EMGF | iShares Emerging Markets Equity Factor ETF | 2.2 | 25 | 25 | 8.5 | +2.4 |
BKEM | BNY Mellon Emerging Markets Equity ETF | 2.2 | 11 | 39 | -12.7 | -18.9 |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 2.1 | 15 | 35 | 7.3 | +1.2 |
SPEM | SPDR Portfolio Emerging Markets ETF | 2.1 | 7 | 43 | 1.6 | -4.5 |
ESGE | iShares ESG Aware MSCI EM ETF | 2.0 | 25 | 25 | 7.5 | +1.3 |
FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 2.0 | 80 | -30 | 14.0 | +7.8 |
AVEM | Avantis Emerging Markets Equity ETF | 2.0 | 33 | 17 | 8.7 | +2.6 |
MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 1.9 | 50 | 0 | 10.4 | +4.2 |
EEMS | iShares MSCI Emerging Markets Small Cap ETF | 1.9 | 70 | -20 | 7.0 | +0.9 |
EEMD | AAM S&P Emerging Markets High Dividend Value ETF | 1.7 | 49 | 1 | 18.3 | +12.1 |
EEMO | Invesco S&P Emerging Markets Momentum ETF | 1.7 | 29 | 21 | 5.9 | -0.3 |
QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 1.7 | 30 | 20 | 8.4 | +2.3 |
DFAE | Dimensional Emerging Core Equity Market ETF | 1.7 | 35 | 15 | 7.6 | +1.4 |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 1.7 | 39 | 11 | 10.9 | +4.8 |
EELV | Invesco S&P Emerging Markets Low Volatility ETF | 1.7 | 29 | 21 | 8.4 | +2.2 |
JIG | JPMorgan International Growth ETF | 1.6 | 55 | -5 | 4.1 | -2.1 |
VNQI | Vanguard Global ex-U.S. Real Estate ETF | 1.6 | 12 | 38 | 8.1 | +2.0 |
IQRA | IQ CBRE Real Assets ETF | 1.5 | 65 | -15 | 5.7 | -0.5 |
DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 1.5 | 41 | 9 | 7.8 | +1.6 |
DEHP | Dimensional Emerging Markets High Profitability ETF | 1.5 | 41 | 9 | 6.9 | +0.8 |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 1.5 | 38 | 12 | 8.0 | +1.8 |
KXI | iShares Global Consumer Staples ETF | 1.5 | 41 | 9 | 5.5 | -0.7 |
DNL | WisdomTree Global ex-US Quality Dividend Growth Fund | 1.5 | 42 | 8 | 6.5 | +0.4 |
ROAM | Hartford Multifactor Emerging Markets ETF | 1.5 | 44 | 6 | 11.5 | +5.3 |
FRDM | Freedom 100 Emerging Markets ETF | 1.3 | 49 | 1 | -730.2 | -736.3 |
IQDF | FlexShares International Quality Dividend Index Fund | 1.2 | 47 | 3 | 10.4 | +4.2 |
MXI | iShares Global Materials ETF | 1.2 | 41 | 9 | 6.5 | +0.3 |
GDXJ | VanEck Junior Gold Miners ETF | 1.2 | 52 | -2 | 5.7 | -0.5 |
SIL | Global X Silver Miners ETF | 1.2 | 65 | -15 | 3.1 | -3.0 |
SLVP | iShares MSCI Global Silver Miners ETF | 1.2 | 39 | 11 | 4.3 | -1.9 |
JETS | U.S. Global Jets ETF | 1.1 | 60 | -10 | -12.8 | -18.9 |
HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 1.1 | 20 | 30 | 10.5 | +4.3 |
DEW | WisdomTree Global High Dividend Fund | 1.0 | 58 | -8 | 8.8 | +2.7 |
RFEM | First Trust Riverfront Dynamic Emerging Markets ETF | 0.9 | 95 | -45 | 10.6 | +4.4 |
WWJD | Inspire International ETF | 0.9 | 80 | -30 | 6.8 | +0.7 |
VYMI | Vanguard International High Dividend Yield ETF | 0.9 | 22 | 28 | 9.5 | +3.4 |
REET | iShares Global REIT ETF | 0.8 | 14 | 36 | 6.8 | +0.7 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 0.8 | 41 | 9 | 6.4 | +0.2 |
EWX | SPDR S&P Emerging Markets Small Cap ETF | 0.8 | 65 | -15 | 7.6 | +1.5 |
FTAG | First Trust Indxx Global Agriculture ETF | 0.8 | 70 | -20 | 9.8 | +3.6 |
VSGX | Vanguard ESG International Stock ETF | 0.8 | 12 | 38 | 4.2 | -1.9 |
RWO | SPDR Dow Jones Global Real Estate ETF | 0.8 | 50 | 0 | 6.3 | +0.2 |
DFGR | Dimensional Global Real Estate ETF | 0.7 | 22 | 28 | 6.6 | +0.4 |
SILJ | ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M | 0.7 | 69 | -19 | 2.6 | -3.5 |
HAP | VanEck Natural Resources ETF | 0.7 | 50 | 0 | 8.3 | +2.2 |
NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 0.7 | 47 | 3 | 5.6 | -0.6 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 0.7 | 8 | 42 | 5.0 | -1.2 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 0.7 | 34 | 16 | 4.7 | -1.5 |
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 0.7 | 46 | 4 | 9.1 | +3.0 |
VXUS | Vanguard Total International Stock ETF | 0.6 | 7 | 43 | 5.1 | -1.0 |
IXUS | iShares Core MSCI Total International Stock ETF | 0.6 | 7 | 43 | 4.9 | -1.3 |
CWI | SPDR MSCI ACWI ex-US ETF | 0.6 | 30 | 20 | 6.5 | +0.4 |
SDG | iShares MSCI Global Sustainable Development Goals ETF | 0.6 | 49 | 1 | 5.6 | -0.6 |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.5 | 30 | 20 | 7.5 | +1.4 |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 0.5 | 25 | 25 | 6.8 | +0.6 |
JRNY | ALPS Global Travel Beneficiaries ETF | 0.5 | 65 | -15 | 0.5 | -5.7 |
SCHY | Schwab International Dividend Equity ETF | 0.5 | 14 | 36 | 8.8 | +2.6 |
BLES | Inspire Global Hope ETF | 0.4 | 61 | -11 | 6.1 | -0.1 |
CGW | Invesco S&P Global Water Index ETF | 0.4 | 57 | -7 | 3.7 | -2.4 |
IQDE | FlexShares International Quality Dividend Defensive Index ET | 0.4 | 47 | 3 | 10.1 | +3.9 |
RODE | Hartford Multifactor Diversified International ETF | 0.4 | 29 | 21 | 11.2 | +5.0 |
CGGR | Capital Group Growth ETF | 0.3 | 39 | 11 | 3.2 | -3.0 |
IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 0.3 | 47 | 3 | 9.6 | +3.5 |
GLOF | iShares Global Equity Factor ETF | 0.3 | 20 | 30 | 7.0 | +0.8 |
VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 0.3 | 7 | 43 | 6.2 | +0.0 |
NZAC | SPDR MSCI ACWI Climate Paris Aligned ETF | 0.3 | 12 | 38 | 4.8 | -1.3 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 0.3 | 9 | 41 | 5.4 | -0.8 |
IXG | iShares Global Financials ETF | 0.3 | 42 | 8 | 6.6 | +0.4 |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 0.2 | 20 | 30 | 5.3 | -0.9 |
VT | Vanguard Total World Stock ETF | 0.2 | 7 | 43 | 4.9 | -1.3 |
ACWI | iShares MSCI ACWI ETF | 0.2 | 32 | 18 | 5.2 | -0.9 |
IGRO | iShares International Dividend Growth ETF | 0.2 | 15 | 35 | 7.2 | +1.1 |
SDIV | Global X Superdividend ETF | 0.2 | 58 | -8 | 16.1 | +10.0 |
QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 0.1 | 40 | 10 | 7.2 | +1.0 |
JSTC | Adasina Social Justice All Cap Global ETF | 0.1 | 89 | -39 | 4.4 | -1.7 |
PIO | Invesco Global Water ETF | 0.1 | 75 | -25 | 4.4 | -1.8 |
TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 0.0 | 46 | 4 | 5.5 | -0.7 |
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%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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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 Mexico ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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