iShares MSCI Mexico Capped ETF
ALTAR
Score™
12.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.7x P/Sales
ratio
0.8x
P/BV
ratio
0.8x Div.
yield
4.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium 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.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 18, 1996
Assets (mns) $451
Currency USD
Expense ratio 49 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $16,121
Large cap (>$10bn) 47.3%
Mid cap ($2-10bn) 37.7%
Small cap (<$2bn) 15.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
AMERICA MOVIL SAB DE CV CLASS L 19.1 %
WALMART DE MEXICO-SER V 11.5 %
FOMENTO ECONOMICO MEXICA-UBD 11.2 %
GRUPO FINANCIERO BANORTE-O 6.4 %
GRUPO MEXICO SAB DE CV-SER B 5.0 %
CEMEX SAB-CPO 2.9 %
FIBRA UNO ADMINISTRACION SA 2.7 %
GRUPO TELEVISA SA-SER CPO 2.7 %
GRUPO BIMBO SAB- SERIES A 2.4 %
KIMBERLY-CLARK DE MEXICO-A 2.4 %
Total 66.3 %

TOP COUNTRY EXPOSURE
MEXICO 99.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-37.0% -33.0% -11.4% -4.5% 6.2%

Market Correlations
versus... Beta R-squared
S&P500 1.17 41%
MSCI EAFE 1.43 60%
MSCI Emg. Mkts. 1.14 56%

Technical Indicators
Recent close $25.60
30d moving avg. $34.89
Annualized volatility 27.7%
Short interest (ETF) 69.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 4,145
Turnover 23.6%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $180

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Mexico Capped 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: 49 bp ALTAR Score™: 12.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWW
Ticker Fund
Name
Overlap1
vs EWW
(%)
Expense
ratio
(bp)
Savings
vs EWW
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWW
(%)
FLMX Franklin FTSE Mexico ETF 84.8 19 30 12.5 +0.5
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 44.9 45 4 10.3 -1.7
ILF iShares Latin America 40 ETF 24.1 48 1 9.8 -2.1
FLLA Franklin FTSE Latin America ETF 21.6 19 30 9.4 -2.6
FLN First Trust Latin America AlphaDEX Fund 10.3 80 -31 8.7 -3.3
EMFM Global X MSCI Next Emerging & Frontier ETF 5.9 55 -6 10.2 -1.8
COPX Global X Copper Miners ETF 5.0 65 -16 11.0 -1.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.5 32 17 9.2 -2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.5 60 -11 10.1 -1.9
RNEM Emerging Markets Equity Select ETF 3.9 75 -26 11.6 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.8 45 4 10.6 -1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 3.8 48 1 11.8 -0.1
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 3.2 50 -1 12.6 +0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 3.2 49 0 10.3 -1.7
EMXC iShares MSCI Emerging Markets ex China ETF 3.0 49 0 10.3 -1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.9 39 10 15.3 +3.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 -11 13.1 +1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.7 49 0 11.1 -0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.7 32 17 11.4 -0.6
DVEM WisdomTree Emerging Markets Dividend Fund 2.6 32 17 11.0 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 5 17.8 +5.8
PXH Invesco FTSE RAFI Emerging Markets ETF 2.6 50 -1 16.0 +4.0
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 2.6 51 -2 13.8 +1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.5 29 20 12.5 +0.5
ECON Columbia Emerging Markets Consumer ETF 2.4 59 -10 5.8 -6.2
XCEM Columbia EM Core ex-China ETF 2.4 16 33 9.7 -2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.3 45 4 11.6 -0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.3 45 4 10.3 -1.7
FRDM Freedom 100 Emerging Markets ETF 2.2 49 0 9.2 -2.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -21 15.5 +3.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 63 -14 16.2 +4.3
VIDI Vident International Equity Fund 2.0 59 -10 15.1 +3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.0 30 19 10.4 -1.6
SCHE Schwab Emerging Markets Equity ETF 2.0 13 36 10.3 -1.7
JHEM John Hancock Multifactor Emerging Markets ETF 2.0 55 -6 10.8 -1.2
VWO Vanguard FTSE Emerging Markets ETF 1.9 10 39 10.5 -1.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.9 14 35 11.3 -0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.9 45 4 9.3 -2.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.9 69 -20 9.9 -2.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 1.8 64 -15 7.7 -4.3
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 8.7 -3.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.8 80 -31 2.2 -9.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 17 8.5 -3.5
IEMG iShares Core MSCI Emerging Markets ETF 1.8 14 35 10.5 -1.5
EEM iShares MSCI Emerging Markets ETF 1.8 68 -19 10.0 -2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.8 65 -16 10.0 -2.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 -31 14.7 +2.7
SPEM SPDR Portfolio Emerging Markets ETF 1.7 11 38 10.2 -1.8
SDEM Global X SuperDividend Emerging Markets ETF 1.7 67 -18 26.0 +14.0
ESGE iShares ESG MSCI EM ETF 1.7 25 24 11.6 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.7 63 -14 16.6 +4.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.6 30 19 10.8 -1.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.6 51 -2 20.4 +8.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.6 80 -31 18.4 +6.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -10 13.2 +1.2
AVEM Avantis Emerging Markets Equity ETF 1.4 33 16 11.7 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 10 10.9 -1.0
WWJD Inspire International ESG ETF 1.2 80 -31 10.8 -1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.2 20 29 9.2 -2.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.2 25 24 9.7 -2.2
EDIV SPDR S&P Emerging Markets Dividend ETF 1.1 49 0 13.3 +1.3
DRW WisdomTree Global ex-US Real Estate Fund 1.0 58 -9 12.1 +0.1
GDXJ VanEck Vectors Junior Gold Miners ETF 1.0 53 -4 4.8 -7.2
SIL Global X Silver Miners ETF 1.0 65 -16 3.6 -8.4
SLVP iShares MSCI Global Silver Miners ETF 1.0 39 10 2.7 -9.3
MOTI VanEck Vectors Morningstar International Moat ETF 0.9 57 -8 10.6 -1.4
SDIV Global X SuperDividend ETF 0.9 58 -9 25.1 +13.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.9 47 2 15.5 +3.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.8 40 9 8.9 -3.1
KXI iShares Global Consumer Staples ETF 0.8 46 3 5.9 -6.1
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -21 8.6 -3.4
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.7 10 39 10.6 -1.4
VNQI Vanguard Global ex-US Real Estate Index Fund 0.7 12 37 11.7 -0.3
VIGI Vanguard International Dividend Appreciation ETF 0.7 25 24 7.2 -4.8
DGT SPDR Global Dow ETF 0.6 50 -1 8.8 -3.2
ISEM Invesco Strategic Emerging Markets ETF 0.6 35 14 11.9 -0.1
BLES Inspire Global Hope Large Cap ETF 0.6 61 -12 9.1 -2.8
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -10 8.2 -3.8
IGRO iShares International Dividend Growth ETF 0.6 22 27 9.9 -2.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.6 29 20 14.7 +2.7
IXP iShares Global Comm Services ETF 0.6 46 3 7.5 -4.5
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 0.6 52 -3 7.0 -5.0
HAP VanEck Vectors Natural Resources ETF 0.6 50 -1 8.5 -3.5
VSGX Vanguard ESG International Stock ETF 0.6 17 32 9.2 -2.8
MXI iShares Global Materials ETF 0.6 46 3 8.4 -3.6
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 19 9.4 -2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -46 12.3 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 32 17 9.4 -2.6
REET iShares Global REIT ETF 0.5 14 35 9.4 -2.6
IXUS ishares Core MSCI Total International Stock ETF 0.5 9 40 9.5 -2.5
INFR Legg Mason Global Infrastructure ETF 0.5 40 9 7.1 -4.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 41 9.7 -2.3
VXUS Vanguard Total International Stock Index Fund 0.5 8 41 9.7 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 40 9 9.2 -2.8
VYMI Vanguard International High Dividend Yield ETF 0.4 32 17 12.4 +0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.4 46 3 7.9 -4.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 7.9 -4.1
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.3 11 38 9.2 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.3 16 33 8.8 -3.2
KMED KraneShares Emerging Markets Healthcare Index ETF 0.3 79 -30 3.0 -9.0

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 Mexico Capped ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.45
 
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.