iShares Core MSCI Europe ETF
ALTAR
Score™
9.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
4.5%


  • 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 12, 2014
Assets (mns) $3,134
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 973
Wgt avg mkt cap (mns) $63,554
Large cap (>$10bn) 77.3%
Mid cap ($2-10bn) 18.9%
Small cap (<$2bn) 3.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.8 %
ROCHE HOLDING AG-GENUSSCHEIN 2.8 %
NOVARTIS AG-REG 2.2 %
ASTRAZENECA PLC 1.5 %
HSBC HOLDINGS PLC 1.4 %
ASML HOLDING NV 1.4 %
SAP AG 1.4 %
NOVO NORDISK A/S-B 1.3 %
LVMH MOET HENNESSY LOUIS VUI 1.3 %
SANOFI-AVENTIS 1.2 %
Total 18.3 %

TOP COUNTRY EXPOSURE
BRITAIN 23.8 %
SWITZERLAND 16.4 %
FRANCE 14.8 %
GERMANY 12.7 %
NETHERLANDS 6.5 %
SWEDEN 4.7 %
SPAIN 3.9 %
DENMARK 3.5 %
ITALY 3.4 %
FINLAND 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-25.7% -16.4% -1.0% -- -2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.96 78%
MSCI EAFE 1.08 97%
MSCI Emg. Mkts. 0.83 83%

Technical Indicators
Recent close $36.06
30d moving avg. $39.88
Annualized volatility 16.5%
Short interest (ETF) 1.6%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 1,791
Turnover 2.1%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $37,426

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.2%


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 90.2 8 1 9.3 +0.2
FEU SPDR Portfolio Europe ETF 89.9 9 0 9.1 -0.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 88.6 30 -21 8.5 -0.6
FLEE Franklin FTSE Europe ETF 88.3 9 0 8.8 -0.4
FLEH Franklin FTSE Europe Hedged ETF 88.2 9 0 8.7 -0.5
BBEU JPMorgan BetaBuilders Europe ETF 85.8 9 0 9.1 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 85.8 45 -36 8.2 -0.9
IEV iShares Europe ETF 82.8 59 -50 8.6 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 70.9 25 -16 8.3 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 60.6 20 -11 9.0 -0.1
EFA iShares MSCI EAFE ETF 60.6 32 -23 9.0 -0.2
IQSI IQ Candriam ESG International Equity ETF 59.9 15 -6 9.1 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 58.4 35 -26 8.7 -0.5
IEFA iShares Core MSCI EAFE ETF 57.8 7 2 9.2 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 56.5 20 -11 9.3 +0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 55.8 7 2 9.5 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 53.5 20 -11 9.0 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 53.1 35 -26 10.8 +1.6
DWM WisdomTree International Equity Fund 53.1 48 -39 10.6 +1.5
IDEV iShares Core MSCI International Developed Markets ETF 52.9 5 4 9.3 +0.1
DOL WisdomTree International LargeCap Dividend Fund 52.6 48 -39 10.8 +1.6
SCHF Schwab International Equity ETF 51.4 6 3 9.3 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 50.5 30 -21 8.2 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 50.2 45 -36 11.3 +2.2
JHMD John Hancock Multifactor Developed International ETF 49.2 45 -36 9.3 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 48.9 4 5 9.1 -0.0
EFG iShares MSCI EAFE Growth ETF 47.9 40 -31 5.9 -3.2
VEA Vanguard FTSE Developed Markets ETF 47.8 5 4 9.5 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 46.5 45 -36 8.7 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 45.8 25 -16 11.1 +2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.8 25 -16 8.6 -0.6
SCID Global X Scientific Beta Europe ETF 45.4 38 -29 8.8 -0.4
PDEV Principal International Multi-Factor Core Index ETF 45.3 25 -16 8.5 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 44.6 39 -30 8.3 -0.8
JPEU JPMorgan Diversified Return Europe Equity ETF 44.5 37 -28 8.6 -0.5
IDY Pacific Global International Equity Income ETF 44.1 39 -30 10.8 +1.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 44.0 30 -21 5.9 -3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 42.8 14 -5 8.6 -0.5
EZU iShares MSCI Eurozone ETF 42.4 49 -40 8.9 -0.2
EURZ Xtrackers Eurozone Equity ETF 42.3 9 0 9.2 0.0
OEUR O'shares FTSE Europe Quality Dividend ETF 42.1 48 -39 7.6 -1.6
RFEU First Trust Riverfront Dynamic Europe ETF 42.0 83 -74 6.3 -2.9
VYMI Vanguard International High Dividend Yield ETF 41.6 32 -23 12.3 +3.1
EFV iShares MSCI EAFE Value ETF 41.5 39 -30 12.4 +3.3
ISDX Invesco Strategic Developed ex-US ETF 40.6 23 -14 9.9 +0.7
CWI SPDR MSCI ACWI ex-US ETF 40.4 30 -21 9.3 +0.1
EUMV iShares Edge MSCI Min Vol Europe ETF 40.2 25 -16 6.4 -2.8
ACWX iShares MSCI ACWI ex U.S. ETF 39.9 32 -23 9.4 +0.2
IQIN IQ 500 International ETF 39.1 25 -16 11.1 +2.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 39.1 30 -21 7.5 -1.7
IXUS ishares Core MSCI Total International Stock ETF 38.7 9 0 9.5 +0.3
RNDM Developed International Equity Select ETF 38.4 65 -56 8.1 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 38.3 39 -30 11.7 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 38.3 40 -31 9.0 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 38.3 8 1 9.6 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 38.2 16 -7 8.7 -0.4
VXUS Vanguard Total International Stock Index Fund 37.1 8 1 9.6 +0.5
DTH WisdomTree DEFA Equity Income Fund 35.4 58 -49 12.3 +3.2
RFDI First Trust Riverfront Dynamic Developed International ETF 35.2 83 -74 7.9 -1.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 35.2 48 -39 0.0 -9.2
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 34.9 45 -36 9.3 +0.1
CIL Victory CEMP International Volatility Weighted Index ETF 34.8 45 -36 9.2 +0.0
VSGX Vanguard ESG International Stock ETF 34.6 17 -8 9.1 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 32.1 30 -21 9.1 -0.1
AVDE Avantis International Equity ETF 31.5 23 -14 10.2 +1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 31.3 58 -49 7.7 -1.4
IGRO iShares International Dividend Growth ETF 30.4 22 -13 9.8 +0.7
RBIN Nationwide Risk-Based International Equity ETF 29.7 42 -33 8.4 -0.8
IDMO Invesco S&P International Developed Momentum ETF 29.7 25 -16 5.7 -3.5
QINT American Century Quality Diversified International ETF 28.4 39 -30 7.6 -1.6
FDEV Fidelity Targeted International Factor ETF 28.3 39 -30 7.7 -1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.2 20 -11 6.7 -2.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.2 29 -20 9.4 +0.3
FIVA Fidelity International Value Factor ETF 26.9 39 -30 13.1 +3.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 26.7 24 -15 9.1 -0.0
VIGI Vanguard International Dividend Appreciation ETF 26.4 25 -16 7.1 -2.1
NUDM Nuveen ESG International Developed Markets Equity ETF 26.2 40 -31 8.5 -0.6
IDHQ Invesco S&P International Developed High Quality ETF 26.0 29 -20 6.6 -2.6
FEZ SPDR EURO STOXX 50 ETF 25.4 29 -20 9.3 +0.1
TPIF Timothy Plan International ETF 25.1 62 -53 8.8 -0.3
IOO iShares Global 100 ETF 24.9 40 -31 6.1 -3.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 24.3 42 -33 7.2 -2.0
IVLU iShares Edge MSCI Intl Value Factor ETF 24.3 30 -21 14.1 +4.9
HEDJ WisdomTree Europe Hedged Equity Fund 23.4 58 -49 9.7 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.4 32 -23 7.6 -1.5
JPIN JPMorgan Diversified Return International Equity ETF 22.8 38 -29 9.8 +0.7
DOO WisdomTree International Dividend ex-Financials Fund 22.6 58 -49 10.9 +1.7
DDEZ WisdomTree Europe Multifactor Fund 22.6 43 -34 8.4 -0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.5 29 -20 10.6 +1.5
FLGB Franklin FTSE United Kingdom ETF 22.2 9 0 9.0 -0.1
TOK iShares MSCI Kokusai ETF 21.7 25 -16 7.3 -1.8
QGBR SPDR MSCI UK StrategicFactors ETF 21.3 14 -5 9.1 -0.0
EWU iShares MSCI United Kingdom ETF 21.2 50 -41 8.5 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.3 45 -36 8.8 -0.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.0 35 -26 10.7 +1.5
FEP First Trust Europe AlphaDEX Fund 19.9 80 -71 11.1 +1.9
URTH iShares MSCI World ETF 19.8 24 -15 7.5 -1.6
IQDG WisdomTree International Quality Dividend Growth Fund 19.5 38 -29 7.9 -1.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 19.5 58 -49 7.7 -1.5

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 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 11.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.58
 
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.