iShares Core MSCI International Developed Markets ETF
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.1x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.9%


  • 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) $2,821
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 2117
Wgt avg mkt cap (mns) $49,340
Large cap (>$10bn) 72.4%
Mid cap ($2-10bn) 21.7%
Small cap (<$2bn) 5.5%
Developed mkts 99.8%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 1.9 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
NOVARTIS AG-REG 1.1 %
ASML HOLDING NV 0.9 %
TOYOTA MOTOR CORP 0.9 %
ASTRAZENECA PLC 0.8 %
NOVO NORDISK A/S-B 0.7 %
LVMH MOET HENNESSY LOUIS VUI 0.7 %
SANOFI-AVENTIS 0.7 %
GLAXOSMITHKLINE PLC 0.6 %
Total 9.9 %

TOP COUNTRY EXPOSURE
JAPAN 23.7 %
BRITAIN 12.5 %
SWITZERLAND 8.8 %
CANADA 8.7 %
FRANCE 8.0 %
GERMANY 6.7 %
AUSTRALIA 5.8 %
NETHERLANDS 3.9 %
SWEDEN 2.8 %
HONG KONG 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.9% -2.3% -- -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.85 84%
MSCI EAFE 0.99 98%
MSCI Emg. Mkts. 0.74 83%

Technical Indicators
Recent close $52.83
30d moving avg. $47.86
Annualized volatility 15.7%
Short interest (ETF) 0.7%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 186
Turnover 0.4%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $78,231

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.2%


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
(%)
SCHF Schwab International Equity ETF 84.0 6 -1 7.4 +0.1
IEFA iShares Core MSCI EAFE ETF 84.0 7 -2 7.3 +0.0
VEA Vanguard FTSE Developed Markets ETF 82.1 5 0 7.4 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 80.0 4 1 7.2 -0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 78.0 7 -2 7.6 +0.3
EFA iShares MSCI EAFE ETF 75.6 32 -27 7.1 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 75.2 35 -30 7.0 -0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 71.5 20 -15 7.5 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 69.7 32 -27 7.5 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 69.5 20 -15 7.2 +0.0
IXUS ishares Core MSCI Total International Stock ETF 68.3 9 -4 7.5 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 67.6 40 -35 7.3 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 66.7 8 -3 7.7 +0.5
VXUS Vanguard Total International Stock Index Fund 64.5 8 -3 7.7 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 63.8 39 -34 9.1 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 62.9 45 -40 8.8 +1.6
JHMD John Hancock Multifactor Developed International ETF 62.1 45 -40 7.4 +0.1
CWI SPDR MSCI ACWI ex-US ETF 61.9 30 -25 7.6 +0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 61.6 25 -20 6.8 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 60.2 25 -20 8.6 +1.4
VSGX Vanguard ESG International Stock ETF 58.5 17 -12 7.3 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 57.6 39 -34 6.6 -0.6
PDEV Principal International Multi-Factor Core Index ETF 56.5 25 -20 7.8 +0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 55.3 20 -15 7.2 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 54.9 30 -25 6.8 -0.5
IQSI IQ Candriam ESG International Equity ETF 54.3 15 -10 7.3 +0.0
DWM WisdomTree International Equity Fund 53.1 48 -43 8.2 +0.9
IEUR iShares Core MSCI Europe ETF 52.6 9 -4 7.3 +0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 52.1 35 -30 8.5 +1.3
FEU SPDR Portfolio Europe ETF 51.7 9 -4 7.3 +0.0
VGK Vanguard FTSE Europe ETF 51.5 8 -3 7.3 +0.1
AVDE Avantis International Equity ETF 50.8 23 -18 7.9 +0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 49.8 30 -25 6.9 -0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 49.0 30 -25 6.8 -0.4
FLEH Franklin FTSE Europe Hedged ETF 48.8 9 -4 7.1 -0.1
FLEE Franklin FTSE Europe ETF 48.8 9 -4 7.0 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 48.1 9 -4 7.2 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 47.3 45 -40 6.7 -0.5
ISDX Invesco Strategic Developed ex-US ETF 46.5 23 -18 7.4 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 46.2 45 -40 6.7 -0.6
IEV iShares Europe ETF 45.4 59 -54 6.8 -0.5
DOL WisdomTree International LargeCap Dividend Fund 45.0 48 -43 8.5 +1.3
EFG iShares MSCI EAFE Growth ETF 44.4 40 -35 4.7 -2.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 44.3 25 -20 6.7 -0.6
IQIN IQ 500 International ETF 43.8 25 -20 8.9 +1.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 42.4 16 -11 7.1 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 38.5 14 -9 7.0 -0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 38.2 24 -19 7.2 -0.1
EFV iShares MSCI EAFE Value ETF 38.1 39 -34 10.0 +2.7
VYMI Vanguard International High Dividend Yield ETF 36.4 32 -27 10.1 +2.8
IDY Pacific Global International Equity Income ETF 36.3 39 -34 8.0 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 36.0 83 -78 6.3 -0.9
RNDM Developed International Equity Select ETF 34.8 65 -60 6.4 -0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 34.7 45 -40 6.9 -0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.6 42 -37 5.6 -1.7
URTH iShares MSCI World ETF 33.2 24 -19 5.8 -1.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 32.7 48 -43 0.0 -7.2
VPL Vanguard FTSE Pacific ETF 32.4 8 -3 7.7 +0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 32.3 29 -24 8.0 +0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 32.1 30 -25 6.2 -1.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 31.7 30 -25 5.0 -2.3
TPIF Timothy Plan International ETF 31.4 62 -57 7.0 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 30.9 30 -25 6.0 -1.2
JPEU JPMorgan Diversified Return Europe Equity ETF 30.8 37 -32 6.8 -0.5
SCID Global X Scientific Beta Europe ETF 30.6 38 -33 6.9 -0.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 30.2 45 -40 7.1 -0.1
QINT American Century Quality Diversified International ETF 30.1 39 -34 5.9 -1.4
IPAC iShares Core MSCI Pacific ETF 29.8 9 -4 7.4 +0.2
IGRO iShares International Dividend Growth ETF 29.6 22 -17 7.9 +0.7
ACWI iShares MSCI ACWI ETF 29.5 32 -27 6.0 -1.2
VT Vanguard Total World Stock Index Fund 28.9 8 -3 6.2 -1.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 28.7 20 -15 5.9 -1.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 28.2 20 -15 6.3 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 27.7 29 -24 8.6 +1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 27.6 20 -15 6.3 -0.9
TOK iShares MSCI Kokusai ETF 27.2 25 -20 5.7 -1.6
FDEV Fidelity Targeted International Factor ETF 26.6 39 -34 6.5 -0.8
JPGE JPMorgan Diversified Return Global Equity ETF 26.5 29 -24 7.3 +0.0
RBIN Nationwide Risk-Based International Equity ETF 25.7 42 -37 6.4 -0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 25.5 25 -20 5.5 -1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.5 45 -40 6.7 -0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.5 35 -30 8.6 +1.3
RFEU First Trust Riverfront Dynamic Europe ETF 25.4 83 -78 4.9 -2.3
JPIN JPMorgan Diversified Return International Equity ETF 25.2 38 -33 7.9 +0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 24.3 30 -25 11.2 +4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 24.3 9 -4 6.2 -1.1
DTH WisdomTree DEFA Equity Income Fund 23.9 58 -53 9.5 +2.3
EZU iShares MSCI Eurozone ETF 23.7 49 -44 6.7 -0.5
IDHQ Invesco S&P International Developed High Quality ETF 23.3 29 -24 5.4 -1.9
EURZ Xtrackers Eurozone Equity ETF 23.2 9 -4 7.0 -0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 22.7 48 -43 6.6 -0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 22.5 40 -35 6.9 -0.4
IDMO Invesco S&P International Developed Momentum ETF 22.4 25 -20 4.6 -2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 22.3 32 -27 6.5 -0.8
DEW WisdomTree Global High Dividend Fund 22.2 58 -53 9.0 +1.8
FIVA Fidelity International Value Factor ETF 21.8 39 -34 10.1 +2.9
VIGI Vanguard International Dividend Appreciation ETF 21.8 25 -20 5.9 -1.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 21.4 30 -25 7.5 +0.3
FLJP Franklin FTSE Japan ETF 21.4 9 -4 7.8 +0.5

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 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 9.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 5 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.