iShares MSCI South Africa ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
iShares South Africa Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is to provide investment results that correspond to the price and yield performance of publicly traded securities in the South African market, as measured by the MSCI South African Index. The Index consists of stocks primarily traded on the Johannesburg Stock Exchange. |
Category | Emerging Market Equities |
Fund Sponsor | Barclays Global Fund Advisors |
Website | www.ishares.com |
Inception date | Feb 03, 2003 |
Assets (mns) | $405 |
Currency | USD |
Expense ratio | 58 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 | 29 |
Wgt avg mkt cap (mns) | $8,736 |
Large cap (>$10bn) | 47.2% |
Mid cap ($2-10bn) | 52.8% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 0.0% |
Emerging mkts | 100.0% |
NASPERS LIMITED LTD CLASS N | 17.5 % |
ANGLOGOLD ASHANTI PLC | 7.7 % |
FIRSTRAND LTD | 7.1 % |
GOLD FIELDS LTD | 6.7 % |
STANDARD BANK GROUP LTD | 5.5 % |
MTN GROUP LIMITED | 4.9 % |
CAPITEC BANK HOLDINGS LTD | 4.4 % |
ANGLO PLATINUM LTD | 3.8 % |
SANLAM LTD | 3.4 % |
ABSA GROUP LTD | 3.2 % | Total | 64.3 % |
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SOUTH AFRICA | 69.7 % |
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LUXEMBOURG | 1.6 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
24.6% | 37.4% | 13.9% | 2.4% | 8.2% |
versus... | Beta | R-squared |
S&P500 | 0.82 | 29% |
MSCI EAFE | 1.00 | 45% |
MSCI Emg. Mkts. | 1.16 | 59% |
Recent close | $52.64 |
30d moving avg. | $52.71 |
Annualized volatility | 25.8% |
Short interest (ETF) | 2.2% |
Relative strength (RSI) | 56 |
Avg. volume (thou.) | 136 |
Turnover | 1.8% |
Bid/Ask (% of price) | 0.13% |
ADV underlying (mns) | $286 |
FINDING ALTERNATIVE FUNDS
Below is a list of 124 potential alternatives to the iShares MSCI South Africa ETF ETF based on the alternatives' overlap in portfolio holdings with EZA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | EZA | Expense: | 58 bp | ALTAR Score™: | 10.8% |
Ticker | Fund Name |
Overlap1 vs EZA (%) |
Expense ratio (bp) |
Savings vs EZA (bp) |
ALTAR Score™ (%) |
ALTAR vs EZA (%) |
AFK | VanEck Africa Index ETF | 17.9 | 98 | -40 | 12.1 | +1.3 |
FTHF | First Trust Emerging Markets Human Flourishing ETF | 14.8 | 75 | -17 | 8.6 | -2.3 |
EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 7.8 | 75 | -17 | 9.9 | -0.9 |
RING | iShares MSCI Global Gold Miners ETF | 6.8 | 39 | 19 | 5.8 | -5.0 |
DMAT | Global X Disruptive Materials ETF | 6.4 | 59 | -1 | 9.7 | -1.1 |
EDOG | ALPS Emerging Sector Dividend Dogs ETF | 6.2 | 60 | -2 | 11.1 | +0.3 |
GMET | VanEck Green Metals ETF | 6.0 | 63 | -5 | 9.7 | -1.2 |
FRDM | Freedom 100 Emerging Markets ETF | 5.1 | 49 | 9 | 8.8 | -2.0 |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 5.0 | 24 | 34 | 8.3 | -2.6 |
LDEM | iShares ESG MSCI EM Leaders ETF | 4.7 | 17 | 41 | 13.3 | +2.5 |
EELV | Invesco S&P Emerging Markets Low Volatility ETF | 4.1 | 29 | 29 | 8.8 | -2.0 |
FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 3.9 | 39 | 19 | 16.4 | +5.6 |
ION | ProShares S&P Global Core Battery Metals ETF | 3.8 | 58 | 0 | 11.9 | +1.0 |
EMXF | iShares ESG Advanced MSCI EM ETF | 3.7 | 16 | 42 | 8.5 | -2.3 |
CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 3.5 | 85 | -27 | 9.9 | -1.0 |
JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 3.4 | 44 | 14 | 11.1 | +0.3 |
XCEM | Columbia EM Core ex-China ETF | 3.3 | 16 | 42 | 8.2 | -2.7 |
GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 3.3 | 45 | 13 | 10.6 | -0.3 |
OBOR | KraneShares MSCI One Belt One Road Index ETF | 3.2 | 79 | -21 | 9.0 | -1.9 |
EMXC | iShares MSCI Emerging Markets ex China ETF | 3.2 | 25 | 33 | 7.8 | -3.1 |
EYLD | Cambria Emerging Shareholder Yield ETF | 3.2 | 66 | -8 | 12.5 | +1.7 |
XC | WisdomTree Emerging Markets Ex-China Fund | 3.1 | 32 | 26 | 6.1 | -4.8 |
STXE | Strive Emerging Markets Ex-China ETF | 3.1 | 32 | 26 | 7.9 | -3.0 |
PXH | Invesco FTSE RAFI Emerging Markets ETF | 3.0 | 49 | 9 | 16.1 | +5.3 |
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 3.0 | 32 | 26 | 6.9 | -3.9 |
AVXC | Avantis Emerging Markets Ex-China Equity ETF | 2.9 | 33 | 25 | 8.7 | -2.1 |
ECON | Columbia Emerging Markets Consumer ETF | 2.9 | 49 | 9 | 12.5 | +1.6 |
ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 2.8 | 70 | -12 | 14.7 | +3.9 |
JHEM | John Hancock Multifactor Emerging Markets ETF | 2.8 | 49 | 9 | 10.5 | -0.3 |
EMM | Global X Emerging Markets ex-China ETF | 2.7 | 75 | -17 | 6.0 | -4.8 |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 2.7 | 15 | 43 | 8.2 | -2.6 |
UEVM | VictoryShares Emerging Markets Value Momentum ETF | 2.7 | 45 | 13 | 10.8 | -0.1 |
XCNY | SPDR S&P Emerging Markets ex-China ETF | 2.6 | 15 | 43 | 7.7 | -3.1 |
DEM | WisdomTree Emerging Markets High Dividend Fund | 2.6 | 63 | -5 | 13.4 | +2.6 |
ESGE | iShares ESG Aware MSCI EM ETF | 2.5 | 25 | 33 | 10.2 | -0.7 |
MEM | Matthews Emerging Markets Equity Active ETF | 2.5 | 79 | -21 | 8.0 | -2.8 |
EVLU | iShares MSCI Emerging Markets Value Factor ETF | 2.5 | 35 | 23 | 19.4 | +8.6 |
FEM | First Trust Emerging Markets AlphaDEX Fund | 2.5 | 80 | -22 | 12.4 | +1.6 |
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 2.4 | 32 | 26 | 9.3 | -1.5 |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 2.3 | 30 | 28 | 10.4 | -0.4 |
SCHE | Schwab Emerging Markets Equity ETF | 2.3 | 11 | 47 | 11.2 | +0.4 |
RNEM | First Trust Emerging Markets Equity Select ETF | 2.3 | 75 | -17 | 7.0 | -3.8 |
EEM | iShares MSCI Emerging Markets ETF | 2.2 | 69 | -11 | 10.4 | -0.5 |
MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 2.2 | 50 | 8 | 11.5 | +0.6 |
DEHP | Dimensional Emerging Markets High Profitability ETF | 2.2 | 41 | 17 | 6.9 | -4.0 |
QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 2.2 | 30 | 28 | 10.0 | -0.8 |
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 2.1 | 20 | 38 | 10.7 | -0.2 |
AVES | Avantis Emerging Markets Value ETF | 2.1 | 36 | 22 | 11.7 | +0.9 |
EMC | Global X Emerging Markets Great Consumer ETF | 2.1 | 75 | -17 | 8.8 | -2.0 |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 2.1 | 66 | -8 | 10.0 | -0.9 |
NUEM | Nuveen ESG Emerging Markets Equity ETF | 2.1 | 36 | 22 | 7.9 | -3.0 |
BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 2.1 | 15 | 43 | 10.4 | -0.4 |
SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 2.1 | 67 | -9 | 13.9 | +3.0 |
BKEM | BNY Mellon Emerging Markets Equity ETF | 2.1 | 11 | 47 | 10.1 | -0.7 |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.1 | 36 | 22 | 9.9 | -0.9 |
GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 2.0 | 60 | -2 | 4.0 | -6.8 |
VWO | Vanguard FTSE Emerging Markets ETF | 2.0 | 7 | 51 | 10.6 | -0.2 |
DEXC | Dimensional Emerging Markets ex China Core EquityETF | 2.0 | 53 | 5 | 7.8 | -3.1 |
IEMG | iShares Core MSCI Emerging Markets ETF | 1.9 | 9 | 49 | 10.6 | -0.2 |
AVSE | Avantis Responsible Emerging Markets Equity ETF | 1.9 | 33 | 25 | 8.7 | -2.1 |
DSTX | Distillate International Fundamental Stability & Value ETF | 1.9 | 55 | 3 | 8.2 | -2.6 |
JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 1.8 | 33 | 25 | 10.1 | -0.7 |
SPEM | SPDR Portfolio Emerging Markets ETF | 1.7 | 7 | 51 | 10.7 | -0.2 |
DFAE | Dimensional Emerging Core Equity Market ETF | 1.7 | 35 | 23 | 9.5 | -1.3 |
DFEV | Dimensional Emerging Markets Value ETF | 1.7 | 43 | 15 | 13.5 | +2.6 |
WWJD | Inspire International ETF | 1.7 | 80 | -22 | 7.4 | -3.5 |
TTAI | FCF International Quality ETF | 1.7 | 59 | -1 | 7.0 | -3.9 |
AVEM | Avantis Emerging Markets Equity ETF | 1.6 | 33 | 25 | 9.3 | -1.6 |
VIDI | Vident International Equity Strategy ETF | 1.6 | 61 | -3 | 11.5 | +0.7 |
RCGE | RockCreek Global Equality ETF | 1.5 | 95 | -37 | 6.4 | -4.4 |
TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 1.5 | 59 | -1 | 11.9 | +1.1 |
PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 1.4 | 90 | -32 | 7.7 | -3.1 |
SLVP | iShares MSCI Global Silver Miners ETF | 1.4 | 39 | 19 | 8.6 | -2.2 |
CCNR | ALPS CoreCommodity Natural Resources ETF | 1.4 | 39 | 19 | 11.8 | +1.0 |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 1.4 | 38 | 20 | 9.5 | -1.3 |
EMMF | WisdomTree Emerging Markets Multifactor Fund | 1.4 | 48 | 10 | 7.9 | -3.0 |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 1.3 | 39 | 19 | 14.0 | +3.2 |
EMGF | iShares Emerging Markets Equity Factor ETF | 1.3 | 25 | 33 | 12.0 | +1.2 |
IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 1.2 | 47 | 11 | 8.5 | -2.3 |
EEMO | Invesco S&P Emerging Markets Momentum ETF | 1.2 | 29 | 29 | 6.5 | -4.3 |
DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 1.2 | 41 | 17 | 9.0 | -1.8 |
ROAM | Hartford Multifactor Emerging Markets ETF | 1.2 | 44 | 14 | 12.1 | +1.3 |
ARKF | ARK Fintech Innovation ETF | 1.2 | 75 | -17 | -0.4 | -11.3 |
NXTG | First Trust Indxx NextG ETF | 1.1 | 70 | -12 | 5.3 | -5.5 |
CGV | Conductor Global Equity Value ETF | 1.1 | 130 | -72 | 8.7 | -2.1 |
EDIV | SPDR S&P Emerging Markets Dividend ETF | 1.1 | 49 | 9 | 12.0 | +1.2 |
SCHY | Schwab International Dividend Equity ETF | 0.9 | 14 | 44 | 9.7 | -1.1 |
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 0.9 | 58 | 0 | 9.9 | -0.9 |
BLES | Inspire Global Hope ETF | 0.9 | 61 | -3 | 6.9 | -4.0 |
VYMI | Vanguard International High Dividend Yield ETF | 0.8 | 17 | 41 | 9.9 | -0.9 |
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 0.7 | 46 | 12 | 10.5 | -0.3 |
VSGX | Vanguard ESG International Stock ETF | 0.7 | 10 | 48 | 7.9 | -2.9 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 0.7 | 34 | 24 | 7.9 | -3.0 |
CWI | SPDR MSCI ACWI ex-US ETF | 0.6 | 30 | 28 | 7.8 | -3.1 |
IQDF | FlexShares International Quality Dividend Index Fund | 0.6 | 47 | 11 | 9.3 | -1.5 |
GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 0.6 | 18 | 40 | 7.7 | -3.2 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 0.6 | 4 | 54 | 8.2 | -2.6 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 0.6 | 41 | 17 | 7.8 | -3.1 |
COPY | Tweedy, Browne Insider + Value ETF | 0.6 | 80 | -22 | 12.0 | +1.1 |
FDEM | Fidelity Emerging Markets Multifactor ETF | 0.6 | 25 | 33 | 13.0 | +2.2 |
VXUS | Vanguard Total International Stock ETF | 0.6 | 5 | 53 | 8.1 | -2.8 |
IXUS | iShares Core MSCI Total International Stock ETF | 0.5 | 7 | 51 | 8.0 | -2.8 |
SDIV | Global X Superdividend ETF | 0.5 | 58 | 0 | 41.6 | +30.7 |
DVYE | iShares Emerging Markets Dividend ETF | 0.5 | 49 | 9 | 19.1 | +8.3 |
RFEM | First Trust Riverfront Dynamic Emerging Markets ETF | 0.5 | 95 | -37 | 12.9 | +2.1 |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.4 | 30 | 28 | 8.2 | -2.7 |
DEW | WisdomTree Global High Dividend Fund | 0.4 | 58 | 0 | 8.8 | -2.0 |
JSTC | Adasina Social Justice All Cap Global ETF | 0.3 | 89 | -31 | 4.8 | -6.0 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 0.3 | 9 | 49 | 5.9 | -4.9 |
HAP | VanEck Natural Resources ETF | 0.3 | 50 | 8 | 9.9 | -1.0 |
ACWI | iShares MSCI ACWI ETF | 0.2 | 32 | 26 | 5.7 | -5.1 |
OCEN | IQ Clean Oceans ETF | 0.2 | 45 | 13 | 6.2 | -4.6 |
VT | Vanguard Total World Stock ETF | 0.2 | 6 | 52 | 6.0 | -4.8 |
DNL | WisdomTree Global ex-US Quality Dividend Growth Fund | 0.2 | 42 | 16 | 6.7 | -4.1 |
KLMT | Invesco MSCI Global Climate 500 ETF | 0.2 | 10 | 48 | 5.9 | -4.9 |
IGRO | iShares International Dividend Growth ETF | 0.1 | 15 | 43 | 7.2 | -3.7 |
NZAC | SPDR MSCI ACWI Climate Paris Aligned ETF | 0.1 | 12 | 46 | 5.3 | -5.6 |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 0.1 | 20 | 38 | 5.8 | -5.0 |
GLOF | iShares Global Equity Factor ETF | 0.1 | 20 | 38 | 6.8 | -4.1 |
DFIV | Dimensional International Value ETF | 0.0 | 27 | 31 | 10.1 | -0.7 |
DFAI | Dimensional International Core Equity Market ETF | 0.0 | 18 | 40 | 7.3 | -3.5 |
DFIC | Dimensional International Core Equity 2 ETF | 0.0 | 23 | 35 | 7.6 | -3.2 |
DXIV | Dimensional International Vector Equity ETF | 0.0 | 34 | 24 | 8.0 | -2.8 |
DIHP | Dimensional International High Profitability ETF | 0.0 | 29 | 29 | 7.2 | -3.6 |
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
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | |
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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
2024 | 2025E | 2026E | |
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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 South Africa 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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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