iShares Core MSCI Europe ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
17.2x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Core MSCI Europe ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of European region developed market large, mid and small capitalization equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 10, 2014
Assets (mns) $4,028
Currency USD
Expense ratio 9 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1035
Wgt avg mkt cap (mns) $70,614
Large cap (>$10bn) 81.2%
Mid cap ($2-10bn) 14.9%
Small cap (<$2bn) 2.3%
Developed mkts 99.8%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 2.6 %
ASML HOLDING NV 2.1 %
ROCHE HOLDING AG-GENUSSCHEIN 2.0 %
NOVARTIS AG-REG 1.7 %
LVMH MOET HENNESSY LOUIS VUI 1.5 %
UNILEVER PLC 1.2 %
SAP AG 1.1 %
ASTRAZENECA PLC 1.1 %
NOVO NORDISK A/S-B 1.1 %
HSBC HOLDINGS PLC 1.0 %
Total 15.3 %

TOP COUNTRY EXPOSURE
BRITAIN 22.9 %
FRANCE 14.7 %
SWITZERLAND 14.3 %
GERMANY 13.7 %
NETHERLANDS 7.1 %
SWEDEN 5.7 %
SPAIN 3.8 %
DENMARK 3.7 %
ITALY 3.5 %
FINLAND 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% 20.3% 9.5% -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.95 80%
MSCI EAFE 1.06 98%
MSCI Emg. Mkts. 0.82 74%

Technical Indicators
Recent close $52.93
30d moving avg. $52.70
Annualized volatility 19.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 435
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $36,314

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares Core MSCI Europe ETF ETF based on the alternatives' overlap in portfolio holdings with IEUR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IEUR Expense: 9 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEUR
Ticker Fund
Name
Overlap1
vs IEUR
(%)
Expense
ratio
(bp)
Savings
vs IEUR
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEUR
(%)
VGK Vanguard FTSE Europe ETF 91.6 8 1 6.5 +0.1
SPEU SPDR Portfolio Europe ETF 90.9 9 0 6.5 +0.1
DFAI Dimensional International Core Equity Market ETF 89.2 18 -9 6.3 -0.1
FLEE Franklin FTSE Europe ETF 87.3 9 0 6.4 -0.0
FLEH Franklin FTSE Europe Hedged ETF 87.3 9 0 6.4 +0.0
BBEU JPMorgan BetaBuilders Europe ETF 85.6 9 0 6.6 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 84.7 45 -36 6.0 -0.4
IEV iShares Europe ETF 82.0 59 -50 6.1 -0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 66.1 25 -16 6.0 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 61.6 20 -11 6.2 -0.2
EFA iShares MSCI EAFE ETF 61.5 32 -23 6.2 -0.2
IQSI IQ Candriam ESG International Equity ETF 59.8 15 -6 6.3 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 59.5 35 -26 6.0 -0.4
IEFA iShares Core MSCI EAFE ETF 59.1 7 2 6.3 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 58.1 20 -11 6.2 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 57.2 20 -11 6.1 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 55.5 20 -11 6.4 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 55.2 7 2 6.4 +0.1
BKIE BNY Mellon International Equity ETF 54.3 4 5 6.5 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 53.6 5 4 6.3 -0.1
SCHF Schwab International Equity ETF 51.2 6 3 6.4 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 50.7 30 -21 6.0 -0.4
JHMD John Hancock Multifactor Developed International ETF 50.1 39 -30 6.4 -0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.5 45 -36 7.3 +0.9
VEA Vanguard FTSE Developed Markets ETF 48.4 5 4 6.4 +0.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 48.3 45 -36 5.9 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 47.9 4 5 6.1 -0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 46.0 35 -26 6.0 -0.4
EFV iShares MSCI EAFE Value ETF 45.6 39 -30 8.1 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 44.2 25 -16 6.1 -0.3
EZU iShares MSCI Eurozone ETF 44.2 51 -42 5.9 -0.5
PDEV Principal International Multi-Factor Core Index ETF 43.9 25 -16 6.9 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 43.7 39 -30 5.6 -0.8
EURZ Xtrackers Eurozone Equity ETF 43.1 9 0 6.3 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 42.8 25 -16 7.5 +1.1
DWM WisdomTree International Equity Fund 42.6 48 -39 7.1 +0.7
EFG iShares MSCI EAFE Growth ETF 42.4 40 -31 4.0 -2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 42.1 40 -31 7.2 +0.8
VSGX Vanguard ESG International Stock ETF 41.1 17 -8 6.3 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 41.0 14 -5 6.0 -0.4
DOL WisdomTree International LargeCap Dividend Fund 40.8 48 -39 7.1 +0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 39.9 12 -3 5.9 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 38.2 32 -23 6.2 -0.2
CWI SPDR MSCI ACWI ex-US ETF 38.1 30 -21 6.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 37.4 8 1 6.6 +0.2
IXUS ishares Core MSCI Total International Stock ETF 37.3 9 0 6.3 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 37.3 40 -31 6.1 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 37.1 39 -30 6.7 +0.3
AVDE Avantis International Equity ETF 36.8 23 -14 6.7 +0.3
ISDX Invesco RAFI Strategic Developed ex-US ETF 36.1 23 -14 6.2 -0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 36.0 58 -49 6.5 +0.1
IQIN IQ 500 International ETF 36.0 25 -16 7.3 +0.9
RESD WisdomTree International ESG Fund 35.9 30 -21 6.4 +0.0
CIL VictoryShares International Volatility Weighted Index ETF 35.9 45 -36 6.3 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 35.9 45 -36 6.3 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 35.7 30 -21 5.4 -1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 35.5 16 -7 5.9 -0.5
ISZE iShares Edge MSCI Intl Size Factor ETF 34.4 30 -21 6.1 -0.3
VYMI Vanguard International High Dividend Yield ETF 32.7 27 -18 8.9 +2.5
RNDM First Trust Developed International Equity Select ETF 29.6 65 -56 5.6 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 28.5 30 -21 9.6 +3.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 28.3 30 -21 3.9 -2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 28.2 40 -31 5.7 -0.7
OEUR O'shares FTSE Europe Quality Dividend ETF 28.1 48 -39 5.2 -1.2
VXUS Vanguard Total International Stock ETF 28.0 8 1 6.5 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 27.4 83 -74 5.2 -1.2
TPIF Timothy Plan International ETF 27.2 62 -53 5.9 -0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.9 29 -20 7.0 +0.7
RBIN Nationwide Risk-Based International Equity ETF 26.2 42 -33 5.9 -0.5
FEZ SPDR EURO STOXX 50 ETF 26.2 29 -20 6.0 -0.4
FIVA Fidelity International Value Factor ETF 25.5 39 -30 8.4 +2.0
FDEV Fidelity Targeted International Factor ETF 25.2 39 -30 5.9 -0.5
VWID Virtus WMC International Dividend ETF 24.6 49 -40 7.4 +1.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.5 24 -15 6.6 +0.2
VIGI Vanguard International Dividend Appreciation ETF 24.3 20 -11 4.8 -1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.5 42 -33 4.9 -1.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.0 20 -11 5.1 -1.3
IOO iShares Global 100 ETF 22.4 40 -31 4.8 -1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 21.8 83 -74 5.4 -1.0
QINT American Century Quality Diversified International ETF 21.6 39 -30 6.5 +0.1
JPIN JPMorgan Diversified Return International Equity ETF 21.3 37 -28 6.9 +0.6
IDHQ Invesco S&P International Developed Quality ETF 21.3 29 -20 5.1 -1.3
DTH WisdomTree International High Dividend Fund 20.7 58 -49 8.4 +2.0
FLGB Franklin FTSE United Kingdom ETF 20.7 9 0 6.9 +0.6
IGRO iShares International Dividend Growth ETF 20.6 15 -6 7.1 +0.7
TOK iShares MSCI Kokusai ETF 20.6 25 -16 5.0 -1.4
IDMO Invesco S&P International Developed Momentum ETF 20.5 26 -17 3.7 -2.7
ZGBR SPDR Solactive United Kingdom ETF 20.4 14 -5 6.9 +0.6
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 20.3 61 -52 4.1 -2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 20.1 9 0 5.2 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 20.1 30 -21 5.6 -0.8
FEP First Trust Europe AlphaDEX Fund 20.0 80 -71 7.0 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.0 32 -23 6.0 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.9 29 -20 7.2 +0.8
EWU iShares MSCI United Kingdom ETF 19.6 51 -42 6.6 +0.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 19.3 45 -36 6.1 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 19.3 58 -49 5.8 -0.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Europe 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 10.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.54
 
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.