iShares MSCI South Korea ETF
ALTAR
Score™
8.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.4x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
2.0%


  • 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 09, 2000
Assets (mns) $5,034
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 108
Wgt avg mkt cap (mns) $91,538
Large cap (>$10bn) 72.2%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 4.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 23.0 %
HYNIX SEMICONDUCTOR INC 5.5 %
NHN CORP 4.2 %
LG CHEM LTD 3.5 %
HYUNDAI MOTOR CO 3.1 %
CELLTRION INC 2.9 %
SAMSUNG SDI CO LTD 2.8 %
DAUM COMMUNICATIONS CORP 2.3 %
HYUNDAI MOBIS 1.9 %
POSCO 1.9 %
Total 51.1 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 18.4% 8.1% 3.5% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.89 50%
MSCI EAFE 1.13 67%
MSCI Emg. Mkts. 0.98 78%

Technical Indicators
Recent close $66.45
30d moving avg. $65.68
Annualized volatility 22.3%
Short interest (ETF) 8.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4,346
Turnover 5.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $6,715

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.5%


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 86.9 9 50 8.9 +0.4
FKO First Trust South Korea AlphadDEX Fund 44.2 80 -21 9.6 +1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 27.2 80 -21 7.6 -0.9
FRDM Freedom 100 Emerging Markets ETF 23.2 49 10 6.6 -1.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 21.9 45 14 14.6 +6.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 21.8 49 10 7.8 -0.7
AIA iShares Asia 50 ETF 21.2 50 9 7.9 -0.6
XCEM Columbia EM Core ex-China ETF 19.9 16 43 7.2 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 19.8 25 34 8.2 -0.3
BICK First Trust BICK Index Fund 19.7 64 -5 4.7 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.4 49 10 8.0 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 15.0 29 30 4.0 -4.5
DVEM WisdomTree Emerging Markets Dividend Fund 14.7 32 27 7.3 -1.2
EEMA iShares MSCI Emerging Markets Asia ETF 14.3 50 9 7.7 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 13.4 49 10 8.8 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.3 45 14 7.6 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.7 68 -9 7.1 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 12.0 11 48 8.3 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.0 30 29 7.7 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 11.7 19 40 7.7 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.4 32 27 5.7 -2.8
ESGE iShares ESG MSCI EM ETF 11.4 25 34 8.6 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 65 -6 7.5 -1.0
EEM iShares MSCI Emerging Markets ETF 11.3 68 -9 7.4 -1.1
FDT First Trust Developed Markets ex-US Alphadex Fund 11.2 80 -21 7.3 -1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.0 36 23 7.3 -1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 10.5 32 27 9.1 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 10.1 13 46 7.9 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 10.0 45 14 6.8 -1.7
VPL Vanguard FTSE Pacific ETF 9.8 8 51 7.4 -1.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 9.5 45 14 8.5 +0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.4 59 0 11.2 +2.7
IDRV iShares Self-driving EV & Tech ETF 8.9 47 12 6.1 -2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.7 30 29 8.8 +0.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 8.3 60 -1 4.5 -4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.1 40 19 7.3 -1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 7.9 48 11 9.6 +1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.8 86 -27 2.1 -6.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.5 45 14 9.1 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 7.0 25 34 8.8 +0.4
MOTO SmartETFs Smart Transportation & Technology ETF 6.7 68 -9 6.8 -1.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 6.7 95 -36 6.9 -1.6
AVEM Avantis Emerging Markets Equity ETF 6.6 33 26 8.9 +0.4
SOCL Global X Social Media ETF 6.6 65 -6 1.8 -6.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.5 25 34 8.0 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 6.5 45 14 6.5 -2.0
JPIN JPMorgan Diversified Return International Equity ETF 6.3 37 22 7.9 -0.6
LIT Global X Lithium & Battery Tech ETF 6.3 75 -16 2.7 -5.8
BATT Amplify Advanced Battery Metals & Materials ETF 6.3 59 0 2.4 -6.1
ISDX Invesco Strategic Developed ex-US ETF 6.3 23 36 7.4 -1.0
BLOK Amplify Transformational Data Sharing ETF 6.2 70 -11 4.3 -4.1
KMED KraneShares Emerging Markets Healthcare Index ETF 6.0 79 -20 2.4 -6.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.8 20 39 6.7 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 5.8 44 15 13.2 +4.7
VIDI Vident International Equity Fund 5.4 59 0 11.4 +2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.2 65 -6 10.9 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 5.2 45 14 9.0 +0.5
FDNI First Trust Dow Jones International Internet ETF 5.0 65 -6 2.0 -6.4
RNDM Developed International Equity Select ETF 4.9 65 -6 6.2 -2.3
HFXI IQ 50 Percent Hedged FTSE International ETF 4.8 20 39 7.4 -1.0
DRIV Global X Autonomous & Electric Vehicles ETF 4.8 68 -9 5.9 -2.6
CIL VictoryShares International Volatility Weighted Index ETF 4.7 45 14 6.9 -1.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 4.7 45 14 6.9 -1.5
CARZ First Trust NASDAQ Global Auto Index Fund 4.7 70 -11 13.3 +4.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.7 7 52 7.5 -1.0
SCHF Schwab International Equity ETF 4.4 6 53 7.3 -1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.3 95 -36 8.1 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.2 49 10 6.3 -2.2
NXTG First Trust Indxx NextG ETF 4.2 70 -11 5.9 -2.6
TPIF Timothy Plan International ETF 4.1 62 -3 6.3 -2.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.1 45 14 11.1 +2.6
IRBO iShares Robotics & Artificial Intelligence ETF 4.0 47 12 2.5 -5.9
DWCR Arrow DWA Country Rotation ETF 4.0 95 -36 13.4 +4.9
AIQ Global X Future Analytics Tech ETF 4.0 68 -9 4.0 -4.5
VEA Vanguard FTSE Developed Markets ETF 3.8 5 54 7.4 -1.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.6 59 0 12.3 +3.9
ACWX iShares MSCI ACWI ex U.S. ETF 3.5 32 27 7.3 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.4 40 19 7.1 -1.4
VSGX Vanguard ESG International Stock ETF 3.3 17 42 7.1 -1.4
IXN iShares Global Tech ETF 3.3 46 13 4.3 -4.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 3.3 24 35 6.9 -1.6
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.3 50 9 19.6 +11.1
IXUS ishares Core MSCI Total International Stock ETF 3.1 9 50 7.3 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.1 29 30 10.1 +1.6
VXUS Vanguard Total International Stock Index Fund 2.7 8 51 7.5 -1.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.6 63 -4 15.3 +6.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.6 39 20 7.1 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 4 55 7.1 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 2.5 8 51 7.5 -1.0
HERO Global X Video Games & Esports ETF 2.5 50 9 3.0 -5.5
GAMR ETFMG Video Game Tech ETF 2.5 75 -16 2.4 -6.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.4 63 -4 12.7 +4.3
LNGR Global X Longevity Thematic ETF 2.3 50 9 3.2 -5.3
ESPO VanEck Vectors Video Gaming & eSports ETF 2.2 55 4 2.7 -5.8
FNDC Schwab Fundamental International Small Co. Index ETF 2.2 39 20 7.2 -1.3
CWI SPDR MSCI ACWI ex-US ETF 2.2 30 29 7.2 -1.3
GDAT Goldman Sachs Motif Data-Driven World Etf 2.2 50 9 4.6 -3.9
MXI iShares Global Materials ETF 2.1 45 14 5.7 -2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.8 70 -11 4.0 -4.5

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 8.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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