iShares Core MSCI International Developed Markets ETF
ALTAR
Score™
7.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.0x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Core MSCI International Developed Markets ETF tracks a market-cap-weighted index of large-, mid-, and small-cap stocks from developed countries, excluding the US.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2017
Assets (mns) $2,106
Currency USD
Expense ratio 5 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 2062
Wgt avg mkt cap (mns) $54,201
Large cap (>$10bn) 74.9%
Mid cap ($2-10bn) 20.4%
Small cap (<$2bn) 4.4%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 1.7 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
NOVARTIS AG-REG 1.1 %
TOYOTA MOTOR CORP 0.8 %
HSBC HOLDINGS PLC 0.8 %
ASML HOLDING NV 0.7 %
ASTRAZENECA PLC 0.7 %
AIA GROUP LTD 0.7 %
LVMH MOET HENNESSY LOUIS VUI 0.6 %
BP PLC 0.6 %
Total 9.1 %

TOP COUNTRY EXPOSURE
JAPAN 21.6 %
BRITAIN 14.1 %
CANADA 9.2 %
SWITZERLAND 8.6 %
FRANCE 8.5 %
GERMANY 6.6 %
AUSTRALIA 6.3 %
NETHERLANDS 3.9 %
SWEDEN 2.7 %
HONG KONG 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% 12.2% -- -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.78 74%
MSCI EAFE 0.98 97%
MSCI Emg. Mkts. 0.67 79%

Technical Indicators
Recent close $54.43
30d moving avg. $57.87
Annualized volatility 11.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 179
Turnover 0.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $51,587

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the iShares Core MSCI International Developed Markets ETF ETF based on the alternatives' overlap in portfolio holdings with IDEV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDEV Expense: 5 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDEV
Ticker Fund
Name
Overlap1
vs IDEV
(%)
Expense
ratio
(bp)
Savings
vs IDEV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDEV
(%)
IEFA iShares Core MSCI EAFE ETF 85.5 7 -2 7.4 0.0
SCHF Schwab International Equity ETF 85.4 6 -1 7.6 +0.2
VEA Vanguard FTSE Developed Markets ETF 84.8 5 0 7.6 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 81.6 4 1 7.4 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 78.8 7 -2 7.8 +0.4
EFA iShares MSCI EAFE ETF 76.5 32 -27 7.2 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 76.0 35 -30 7.0 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 72.4 20 -15 7.5 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 70.7 32 -27 7.6 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 69.5 20 -15 7.2 -0.2
IXUS ishares Core MSCI Total International Stock ETF 69.3 9 -4 7.7 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 69.2 8 -3 7.7 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 68.3 40 -35 7.4 +0.0
VXUS Vanguard Total International Stock Index Fund 67.4 8 -3 7.7 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 65.6 45 -40 8.6 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 65.3 39 -34 9.0 +1.6
CWI SPDR MSCI ACWI ex-US ETF 63.1 30 -25 7.6 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 62.8 25 -20 6.9 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 62.7 25 -20 8.8 +1.4

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 Core MSCI International Developed Markets 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 10.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 5 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.64
 
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.