iShares MSCI South Korea ETF
ALTAR
Score™
11.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.0x P/Sales
ratio
0.5x
P/BV
ratio
0.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Korea Index fund seeks investment results that correspond to the price and yield performance of the MSCI Korea Index. The index consists primarily of large cap stocks traded on the Korean Stock Exchange.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 10, 2000
Assets (mns) $3,674
Currency USD
Expense ratio 59 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 111
Wgt avg mkt cap (mns) $70,079
Large cap (>$10bn) 62.8%
Mid cap ($2-10bn) 27.2%
Small cap (<$2bn) 10.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 22.4 %
HYNIX SEMICONDUCTOR INC 7.1 %
NHN CORP 3.7 %
CELLTRION INC 3.4 %
LG CHEM LTD 2.2 %
KB FINANCIAL GROUP INC 2.1 %
HYUNDAI MOTOR CO 2.1 %
SAMSUNG SDI CO LTD 2.1 %
SHINHAN FINANCIAL GROUP LTD 2.1 %
POSCO 2.0 %
Total 49.3 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 98.8 %










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.
-24.6% -21.4% -2.0% 0.9% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.95 47%
MSCI EAFE 1.15 65%
MSCI Emg. Mkts. 1.02 75%

Technical Indicators
Recent close $46.92
30d moving avg. $50.95
Annualized volatility 21.3%
Short interest (ETF) 10.9%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 8,963
Turnover 11.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $4,317

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI South Korea ETF ETF based on the alternatives' overlap in portfolio holdings with EWY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWY Expense: 59 bp ALTAR Score™: 11.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWY
Ticker Fund
Name
Overlap1
vs EWY
(%)
Expense
ratio
(bp)
Savings
vs EWY
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWY
(%)
FLKR Franklin FTSE South Korea ETF 86.3 9 50 12.2 +0.6
FKO First Trust South Korea AlphadDEX Fund 42.3 80 -21 12.3 +0.6
BICK First Trust BICK Index Fund 26.5 64 -5 6.2 -5.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 22.4 80 -21 11.6 -0.0
FRDM Freedom 100 Emerging Markets ETF 21.8 49 10 9.2 -2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.6 49 10 10.2 -1.5
AIA iShares Asia 50 ETF 20.5 50 9 10.0 -1.6
DOGS Arrow Dogs of the World ETF 19.8 134 -75 14.2 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 18.9 49 10 10.3 -1.3
XCEM Columbia EM Core ex-China ETF 17.4 16 43 9.5 -2.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.9 45 14 16.1 +4.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.9 49 10 11.3 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 14.7 50 9 9.9 -1.7
JHEM John Hancock Multifactor Emerging Markets ETF 12.7 55 4 10.6 -1.0
DVEM WisdomTree Emerging Markets Dividend Fund 12.5 32 27 10.8 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.4 68 -9 9.3 -2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.3 32 27 8.3 -3.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.2 30 29 10.2 -1.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.1 45 14 10.2 -1.4
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 40 9.9 -1.8
EMCG WisdomTree Emerging Markets Consumer Growth Fund 11.3 32 27 9.1 -2.6
EEM iShares MSCI Emerging Markets ETF 11.2 68 -9 9.9 -1.7
ESGE iShares ESG MSCI EM ETF 11.2 25 34 11.4 -0.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 11.1 45 14 11.6 -0.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 11.0 48 11 10.9 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.7 65 -6 10.0 -1.7
NUEM Nuveen ESG Emerging Markets Equity ETF 10.3 45 14 9.2 -2.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 10.2 32 27 11.3 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 10.1 14 45 10.4 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 10.0 59 0 13.0 +1.4
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 9.8 51 8 13.8 +2.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 9.5 45 14 11.7 +0.1
VPL Vanguard FTSE Pacific ETF 9.1 8 51 9.6 -2.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 8.8 64 -5 7.7 -4.0
IDRV iShares Self-driving EV & Tech ETF 8.8 47 12 9.9 -1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.1 30 29 10.7 -0.9
KMED KraneShares Emerging Markets Healthcare Index ETF 7.8 79 -20 3.1 -8.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.8 80 -21 2.2 -9.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.7 95 -36 12.2 +0.5
DRIV Global X Autonomous & Electric Vehicles ETF 7.6 68 -9 8.3 -3.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.4 45 14 8.5 -3.2
ROAM Hartford Multifactor Emerging Markets ETF 7.3 44 15 17.8 +6.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.3 29 30 12.4 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.2 40 19 8.9 -2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.1 86 -27 3.4 -8.3
AVEM Avantis Emerging Markets Equity ETF 6.9 33 26 11.6 -0.1
JPGE JPMorgan Diversified Return Global Equity ETF 6.4 29 30 9.0 -2.7
ISDX Invesco Strategic Developed ex-US ETF 6.4 23 36 9.7 -2.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.2 25 34 9.7 -2.0
VIDI Vident International Equity Fund 6.1 59 0 14.8 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 5.9 25 34 10.8 -0.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.7 65 -6 12.4 +0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 5.6 80 -21 11.0 -0.7
BLOK Amplify Transformational Data Sharing ETF 5.6 70 -11 4.8 -6.8
FDNI First Trust Dow Jones International Internet ETF 5.5 65 -6 4.0 -7.6
JPIN JPMorgan Diversified Return International Equity ETF 5.4 38 21 9.6 -2.1
SOCL Global X Social Media ETF 5.1 65 -6 3.5 -8.2
EMMF WisdomTree Emerging Markets Multifactor Fund 5.0 48 11 11.9 +0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.8 20 39 9.1 -2.6
MOTO SmartETFs Smart Transportation & Technology ETF 4.7 68 -9 11.6 -0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.6 49 10 9.0 -2.7
TPIF Timothy Plan International ETF 4.5 62 -3 8.6 -3.1
HFXI IQ 50 Percent Hedged FTSE International ETF 4.4 20 39 9.2 -2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.4 45 14 11.1 -0.6
LIT Global X Lithium & Battery Tech ETF 4.3 75 -16 5.2 -6.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.2 7 52 9.3 -2.4
RNDM Developed International Equity Select ETF 4.2 65 -6 8.0 -3.7
VIGI Vanguard International Dividend Appreciation ETF 4.1 25 34 6.9 -4.7
SCHF Schwab International Equity ETF 3.9 6 53 9.1 -2.6
FONE First Trust Indxx NextG ETF 3.9 70 -11 7.4 -4.2
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 3.8 45 14 9.0 -2.7
CIL Victory CEMP International Volatility Weighted Index ETF 3.8 45 14 8.9 -2.8
AIQ Global X Future Analytics Tech ETF 3.8 68 -9 5.7 -6.0
IRBO iShares Robotics & Artificial Intelligence ETF 3.7 47 12 3.8 -7.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 -6 15.0 +3.3
IXN iShares Global Tech ETF 3.6 46 13 6.0 -5.7
VEA Vanguard FTSE Developed Markets ETF 3.4 5 54 9.2 -2.4
LOUP Innovator Loup Frontier Tech ETF 3.3 70 -11 4.8 -6.9
CARZ First Trust NASDAQ Global Auto Index Fund 3.3 70 -11 19.5 +7.9
ISDS Invesco Strategic Developed ex-US Small Company ETF 3.3 35 24 7.6 -4.0
ACWX iShares MSCI ACWI ex U.S. ETF 3.2 32 27 9.1 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 40 19 9.0 -2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.9 70 -11 8.4 -3.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.8 29 30 14.4 +2.8
IXUS ishares Core MSCI Total International Stock ETF 2.8 9 50 9.3 -2.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.7 63 -4 16.7 +5.0
VXUS Vanguard Total International Stock Index Fund 2.7 8 51 9.5 -2.2
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -1 11.4 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.7 39 20 10.7 -0.9
GAMR ETFMG Video Game Tech ETF 2.7 75 -16 5.0 -6.7
HERO Global X Video Games & Esports ETF 2.7 50 9 4.0 -7.6
ESPO VanEck Vectors Video Gaming & eSports ETF 2.7 55 4 3.6 -8.1
LNGR Global X Longevity Thematic ETF 2.6 50 9 4.3 -7.4
VSGX Vanguard ESG International Stock ETF 2.5 17 42 8.9 -2.8
WDIV SPDR Global Dividend ETF 2.5 40 19 12.2 +0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.4 63 -4 16.2 +4.6
GDAT Goldman Sachs Motif Data-Driven World Etf 2.4 50 9 6.7 -5.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 20 9.2 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 8 51 9.4 -2.3
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 4 55 8.9 -2.8

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 South Korea 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 8.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 11.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 CATEGORY
AVERAGE
1.58
 
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.