iShares MSCI South Korea ETF
ALTAR
Score™
9.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
2.2%


  • 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) $4,444
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 109
Wgt avg mkt cap (mns) $78,106
Large cap (>$10bn) 69.5%
Mid cap ($2-10bn) 23.7%
Small cap (<$2bn) 6.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 21.2 %
HYNIX SEMICONDUCTOR INC 5.8 %
NHN CORP 5.1 %
CELLTRION INC 3.9 %
LG CHEM LTD 3.1 %
SAMSUNG SDI CO LTD 2.8 %
DAUM COMMUNICATIONS CORP 2.5 %
NCSOFT CORPORATION 2.2 %
HYUNDAI MOTOR CO 1.9 %
POSCO 1.8 %
Total 50.3 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 97.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.1% -2.6% 2.7% 4.0% 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.94 53%
MSCI EAFE 1.15 69%
MSCI Emg. Mkts. 0.98 79%

Technical Indicators
Recent close $58.43
30d moving avg. $57.71
Annualized volatility 21.9%
Short interest (ETF) 5.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4,686
Turnover 6.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $7,262

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 9.2%


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 86.8 9 50 9.7 +0.5
FKO First Trust South Korea AlphadDEX Fund 43.0 80 -21 9.3 +0.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 27.8 80 -21 8.0 -1.2
FRDM Freedom 100 Emerging Markets ETF 21.2 49 10 6.9 -2.3
BICK First Trust BICK Index Fund 21.1 64 -5 4.7 -4.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.3 49 10 8.0 -1.2
AIA iShares Asia 50 ETF 19.7 50 9 8.0 -1.2
EMXC iShares MSCI Emerging Markets ex China ETF 18.0 25 34 8.4 -0.8
XCEM Columbia EM Core ex-China ETF 17.8 16 43 7.3 -1.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 17.1 45 14 13.5 +4.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.9 49 10 8.6 -0.5
EEMA iShares MSCI Emerging Markets Asia ETF 13.6 50 9 7.4 -1.8
JHEM John Hancock Multifactor Emerging Markets ETF 12.3 49 10 8.4 -0.8
BKEM BNY Mellon Emerging Markets Equity ETF 12.0 11 48 8.3 -0.9
DVEM WisdomTree Emerging Markets Dividend Fund 12.0 32 27 8.2 -1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.9 45 14 7.9 -1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 11.7 29 30 6.5 -2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.5 68 -9 7.0 -2.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 11.4 45 14 9.6 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.1 30 29 7.8 -1.4
FLAX Franklin FTSE Asia Ex Japan ETF 11.0 19 40 7.7 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.0 32 27 6.1 -3.1
ESGE iShares ESG MSCI EM ETF 10.5 25 34 8.6 -0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.3 65 -6 7.4 -1.8
EEM iShares MSCI Emerging Markets ETF 10.3 68 -9 7.4 -1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 10.1 45 14 7.2 -2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.0 36 23 8.1 -1.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.6 80 -21 3.7 -5.5
VPL Vanguard FTSE Pacific ETF 9.5 8 51 7.7 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 9.2 13 46 7.9 -1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 9.1 32 27 9.0 -0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.6 86 -27 2.1 -7.1
IDRV iShares Self-driving EV & Tech ETF 8.4 47 12 6.9 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.2 59 0 11.0 +1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.7 30 29 8.7 -0.5
KMED KraneShares Emerging Markets Healthcare Index ETF 7.6 79 -20 2.0 -7.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.6 45 14 7.3 -1.9
SOCL Global X Social Media ETF 7.5 65 -6 1.8 -7.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 7.4 64 -5 4.6 -4.6
JPGE JPMorgan Diversified Return Global Equity ETF 7.4 29 30 7.5 -1.7
DRIV Global X Autonomous & Electric Vehicles ETF 7.1 68 -9 5.3 -3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 7.0 48 11 9.4 +0.2
ROAM Hartford Multifactor Emerging Markets ETF 7.0 44 15 14.7 +5.5
FDT First Trust Developed Markets ex-US Alphadex Fund 7.0 80 -21 7.5 -1.7
BLOK Amplify Transformational Data Sharing ETF 6.7 70 -11 4.5 -4.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.6 45 14 9.0 -0.2
AVEM Avantis Emerging Markets Equity ETF 6.3 33 26 8.9 -0.3
MOTO SmartETFs Smart Transportation & Technology ETF 6.3 68 -9 7.4 -1.8
JPIN JPMorgan Diversified Return International Equity ETF 6.3 37 22 8.0 -1.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.2 40 19 7.1 -2.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.1 25 34 7.6 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 6.0 25 34 8.9 -0.3
LIT Global X Lithium & Battery Tech ETF 5.9 75 -16 2.9 -6.3
VIDI Vident International Equity Fund 5.9 59 0 11.4 +2.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.8 95 -36 8.0 -1.2
FDNI First Trust Dow Jones International Internet ETF 5.6 65 -6 2.1 -7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.5 20 39 6.7 -2.5
ISDX Invesco Strategic Developed ex-US ETF 5.4 23 36 7.6 -1.6
RNDM Developed International Equity Select ETF 4.6 65 -6 6.4 -2.8
HFXI IQ 50 Percent Hedged FTSE International ETF 4.6 20 39 7.5 -1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.4 65 -6 11.0 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.4 45 14 8.9 -0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.3 49 10 6.7 -2.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.3 7 52 7.6 -1.6
SCHF Schwab International Equity ETF 4.0 6 53 7.4 -1.8
NXTG First Trust Indxx NextG ETF 4.0 70 -11 6.1 -3.1
IRBO iShares Robotics & Artificial Intelligence ETF 3.9 47 12 2.6 -6.6
TPIF Timothy Plan International ETF 3.7 62 -3 6.3 -2.9
VEA Vanguard FTSE Developed Markets ETF 3.5 5 54 7.5 -1.7
CIL VictoryShares International Volatility Weighted Index ETF 3.5 45 14 6.7 -2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.5 95 -36 9.1 -0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.5 29 30 9.8 +0.6
LNGR Global X Longevity Thematic ETF 3.2 50 9 3.1 -6.1
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 32 27 7.2 -2.0
IXN iShares Global Tech ETF 3.1 46 13 4.4 -4.8
ESPO VanEck Vectors Video Gaming & eSports ETF 3.1 55 4 2.6 -6.6
HERO Global X Video Games & Esports ETF 3.1 50 9 2.6 -6.6
GAMR ETFMG Video Game Tech ETF 3.1 75 -16 2.2 -7.0
CARZ First Trust NASDAQ Global Auto Index Fund 3.1 70 -11 14.3 +5.1
LOUP Innovator Loup Frontier Tech ETF 3.1 70 -11 3.8 -5.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.1 70 -11 7.4 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.0 40 19 7.1 -2.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 2.9 45 14 10.1 +0.9
ISDS Invesco Strategic Developed ex-US Small Company ETF 2.9 35 24 6.8 -2.4
AIQ Global X Future Analytics Tech ETF 2.9 68 -9 3.7 -5.5
FID First Trust S&P International Dividend Aristocrats ETF 2.8 60 -1 9.9 +0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.8 29 30 12.3 +3.1
IXUS ishares Core MSCI Total International Stock ETF 2.8 9 50 7.4 -1.8
WDIV SPDR Global Dividend ETF 2.8 40 19 9.9 +0.7
DEM WisdomTree Emerging Markets High Dividend Fund 2.7 63 -4 13.9 +4.8
VXUS Vanguard Total International Stock Index Fund 2.7 8 51 7.6 -1.6
VSGX Vanguard ESG International Stock ETF 2.4 17 42 7.2 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 2.4 4 55 7.2 -2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 20 7.3 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 2.3 8 51 7.6 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 20 7.4 -1.8
LEGR First Trust Index Digital Transaction & Process Technology E 2.3 65 -6 7.1 -2.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 2.2 25 34 1.8 -7.4

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 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.25 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.