iShares MSCI Colombia ETF
ALTAR
Score™
10.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
9.2x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
5.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Colombia Capped ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI ALL Colombia Capped Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 20, 2013
Assets (mns) $19
Currency USD
Expense ratio 61 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $7,040
Large cap (>$10bn) 19.9%
Mid cap ($2-10bn) 62.5%
Small cap (<$2bn) 17.6%
Developed mkts 10.6%
Emerging mkts 89.4%

TOP TEN HOLDINGS
ECOPETROL SA 19.0 %
BANCOLOMBIA SA-PREF 11.9 %
ENERSIS SA 6.9 %
INTERCONEXION ELECTRICA SA 6.9 %
CANACOL ENERGY LTD 6.6 %
EMPRESA DE ENERGIA DE BOGOTA 6.3 %
GRUPO NUTRESA SA 6.3 %
EMPRESAS COPEC SA 5.2 %
BANCOLOMBIA SA 5.0 %
BANCO DAVIVIENDA SA 3.9 %
Total 78.0 %

TOP COUNTRY EXPOSURE
COLOMBIA 74.9 %
CHILE 12.1 %
CANADA 6.6 %
SPAIN 1.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-43.0% -38.5% -13.0% -- -13.2%

Market Correlations
versus... Beta R-squared
S&P500 1.43 59%
MSCI EAFE 1.78 80%
MSCI Emg. Mkts. 1.42 79%

Technical Indicators
Recent close $7.89
30d moving avg. $7.82
Annualized volatility 31.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 97
Turnover 4.0%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $76

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 82 potential alternatives to the iShares MSCI Colombia ETF ETF based on the alternatives' overlap in portfolio holdings with ICOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ICOL Expense: 61 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ICOL
Ticker Fund
Name
Overlap1
vs ICOL
(%)
Expense
ratio
(bp)
Savings
vs ICOL
(bp)
ALTAR
Score™
(%)
ALTAR
vs ICOL
(%)
GXG Global X MSCI Colombia ETF 51.1 61 0 10.9 +0.4
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 16.2 45 16 9.2 -1.2
ECH iShares MSCI Chile ETF 12.1 59 2 8.8 -1.7
YLCO Global X YieldCo Index ETF 6.0 65 -4 4.8 -5.7
FLLA Franklin FTSE Latin America ETF 5.3 19 42 8.3 -2.2
FLN First Trust Latin America AlphaDEX Fund 5.1 80 -19 9.6 -0.8
DOGS Arrow Dogs of the World ETF 2.5 134 -73 11.7 +1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 1 11.7 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 2.1 44 17 16.3 +5.8
FRDM Freedom 100 Emerging Markets ETF 1.8 49 12 8.2 -2.2
ESGE iShares ESG MSCI EM ETF 1.1 25 36 10.5 +0.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -19 12.7 +2.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.9 29 32 13.5 +3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.9 45 16 9.7 -0.7
VIDI Vident International Equity Fund 0.9 59 2 13.1 +2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -34 11.2 +0.8
ILF iShares Latin America 40 ETF 0.9 48 13 8.6 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 45 16 8.4 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 22 14.3 +3.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.7 60 1 9.4 -1.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.7 51 10 14.6 +4.2
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 49 12 9.2 -1.2
OSCV Opus Small Cap Value Plus ETF 0.7 79 -18 6.2 -4.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.6 50 11 10.8 +0.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 30 31 7.9 -2.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 16 9.4 -1.1
RNEM Emerging Markets Equity Select ETF 0.5 75 -14 11.4 +1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 29 10.4 -0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.5 14 47 10.3 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.5 30 31 9.5 -1.0
XCEM Columbia EM Core ex-China ETF 0.5 16 45 8.6 -1.8
EMCG WisdomTree Emerging Markets Consumer Growth Fund 0.5 32 29 8.2 -2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.5 49 12 9.2 -1.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 41 8.2 -2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 2 12.1 +1.7
ISEM Invesco Strategic Emerging Markets ETF 0.4 35 26 11.4 +1.0
SCHE Schwab Emerging Markets Equity ETF 0.4 13 48 9.4 -1.0
EEM iShares MSCI Emerging Markets ETF 0.4 68 -7 9.1 -1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 65 -4 9.1 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 0.4 14 47 9.5 -1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 49 12 9.9 -0.6
VWO Vanguard FTSE Emerging Markets ETF 0.3 10 51 9.6 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 50 9.3 -1.1
RYJ Invesco Raymond James SB-1 Equity ETF 0.3 82 -21 4.0 -6.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.2 45 16 10.6 +0.2
AVEM Avantis Emerging Markets Equity ETF 0.2 33 28 10.5 +0.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 55 6 9.7 -0.7
INFR Legg Mason Global Infrastructure ETF 0.2 40 21 6.7 -3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 50 11 15.0 +4.5
FILL iShares MSCI Global Energy Producers ETF 0.2 39 22 6.7 -3.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 69 -8 8.3 -2.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.2 45 16 14.6 +4.2
IXC iShares Global Energy ETF 0.2 46 15 5.9 -4.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 41 6.9 -3.6
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -5 18.2 +7.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.1 16 45 7.8 -2.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 41 6.8 -3.6
EMFM Global X MSCI Next Emerging & Frontier ETF 0.1 55 6 9.4 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 29 8.3 -2.1
IXUS ishares Core MSCI Total International Stock ETF 0.1 9 52 8.4 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 40 21 8.1 -2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.1 20 41 12.1 +1.7
VSGX Vanguard ESG International Stock ETF 0.1 17 44 8.2 -2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 29 7.5 -3.0
VXUS Vanguard Total International Stock Index Fund 0.1 8 53 8.6 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 31 10.0 -0.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.1 25 36 9.1 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 53 8.6 -1.9
VIGI Vanguard International Dividend Appreciation ETF 0.1 25 36 6.4 -4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -4 7.5 -2.9
IGRO iShares International Dividend Growth ETF 0.1 22 39 9.0 -1.5
AVDV Avantis International Small Cap Value ETF 0.1 36 25 9.1 -1.3
VYMI Vanguard International High Dividend Yield ETF 0.1 32 29 11.4 +1.0
ACWI iShares MSCI ACWI ETF 0.0 32 29 6.5 -3.9
VT Vanguard Total World Stock Index Fund 0.0 8 53 6.8 -3.6
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.0 11 50 7.7 -2.8
GWX SPDR S&P International Small Cap ETF 0.0 40 21 6.8 -3.7
AVDE Avantis International Equity ETF 0.0 23 38 8.9 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 52 6.7 -3.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 22 4.6 -5.8
VXF Vanguard Extended Market Index Fund 0.0 7 54 4.2 -6.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 58 5.6 -4.9

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.