iShares Europe ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.2x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P Europe 350 Index fund seeks investment results that correspond to the price and yield performance of Standard & Poor's Europe 350 Index. The index consists primarily of large cap stocks traded in Europe's developed-country equity markets.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 25, 2000
Assets (mns) $1,631
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 364
Wgt avg mkt cap (mns) $86,422
Large cap (>$10bn) 94.2%
Mid cap ($2-10bn) 4.8%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.3 %
ROCHE HOLDING AG-GENUSSCHEIN 2.6 %
ASML HOLDING NV 2.4 %
NOVARTIS AG-REG 2.4 %
LVMH MOET HENNESSY LOUIS VUI 1.7 %
UNILEVER PLC 1.6 %
ASTRAZENECA PLC 1.4 %
SAP AG 1.4 %
SIEMENS AG-REG 1.3 %
NOVO NORDISK A/S-B 1.2 %
Total 19.4 %

TOP COUNTRY EXPOSURE
BRITAIN 23.0 %
SWITZERLAND 16.5 %
FRANCE 15.7 %
GERMANY 14.3 %
NETHERLANDS 7.7 %
SWEDEN 5.0 %
DENMARK 3.8 %
SPAIN 3.8 %
ITALY 2.9 %
FINLAND 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.0% 4.0% 6.5% 5.0% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 79%
MSCI EAFE 1.03 97%
MSCI Emg. Mkts. 0.80 74%

Technical Indicators
Recent close $49.19
30d moving avg. $48.43
Annualized volatility 19.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 241
Turnover 0.7%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $36,778

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IEV Expense: 59 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEV
Ticker Fund
Name
Overlap1
vs IEV
(%)
Expense
ratio
(bp)
Savings
vs IEV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEV
(%)
DFAI Dimensional International Core Equity Market ETF 93.9 18 41 6.4 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 93.0 9 50 6.6 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 91.6 45 14 6.0 -0.3
FLEE Franklin FTSE Europe ETF 89.4 9 50 6.4 +0.2
FLEH Franklin FTSE Europe Hedged ETF 88.9 9 50 6.5 +0.3
IEUR iShares Core MSCI Europe ETF 82.2 9 50 6.6 +0.3
VGK Vanguard FTSE Europe ETF 81.9 8 51 6.7 +0.5
SPEU SPDR Portfolio Europe ETF 79.6 9 50 6.7 +0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 67.0 25 34 5.9 -0.3
EFA iShares MSCI EAFE ETF 58.6 32 27 6.2 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 58.6 20 39 6.4 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 57.5 20 39 6.2 -0.1
IQSI IQ Candriam ESG International Equity ETF 57.3 15 44 6.4 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 57.2 35 24 6.1 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 55.6 20 39 6.3 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 53.1 20 39 6.4 +0.2
BKIE BNY Mellon International Equity ETF 53.1 4 55 6.5 +0.3
EFV iShares MSCI EAFE Value ETF 52.3 39 20 8.4 +2.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 51.1 7 52 6.5 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 50.8 30 29 6.0 -0.3
IEFA iShares Core MSCI EAFE ETF 50.0 7 52 6.5 +0.3
JHMD John Hancock Multifactor Developed International ETF 49.9 39 20 6.6 +0.4
EZU iShares MSCI Eurozone ETF 49.4 51 8 6.0 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 48.8 45 14 6.0 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.2 45 14 7.6 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.2 14 45 6.1 -0.1
EURZ Xtrackers Eurozone Equity ETF 47.3 9 50 6.5 +0.3
EFG iShares MSCI EAFE Growth ETF 46.9 40 19 4.1 -2.2
SCHF Schwab International Equity ETF 46.8 6 53 6.5 +0.3
DOL WisdomTree International LargeCap Dividend Fund 46.3 48 11 7.2 +0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 45.8 35 24 5.9 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 45.7 5 54 6.5 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 43.9 12 47 6.2 -0.0
PDEV Principal International Multi-Factor Core Index ETF 43.4 25 34 7.1 +0.9
DWM WisdomTree International Equity Fund 43.2 48 11 7.2 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 42.8 25 34 6.0 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 42.6 40 19 7.2 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 42.5 4 55 6.2 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 42.0 25 34 7.7 +1.5
VEA Vanguard FTSE Developed Markets ETF 41.2 5 54 6.6 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 41.1 30 29 5.2 -1.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 40.4 58 1 6.5 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 38.6 39 20 5.6 -0.7
RESD WisdomTree International ESG Fund 38.4 30 29 6.5 +0.3
CWI SPDR MSCI ACWI ex-US ETF 37.2 30 29 6.2 -0.1
IQIN IQ 500 International ETF 37.2 25 34 7.6 +1.4
VYMI Vanguard International High Dividend Yield ETF 36.7 27 32 9.0 +2.8
CIL VictoryShares International Volatility Weighted Index ETF 36.5 45 14 6.4 +0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 36.5 45 14 6.3 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 36.2 32 27 6.3 +0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 35.9 23 36 6.3 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 35.5 40 19 6.1 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 34.9 48 11 5.1 -1.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 34.4 16 43 6.0 -0.3
VSGX Vanguard ESG International Stock ETF 34.0 17 42 6.3 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 33.6 8 51 6.7 +0.5
RFEU First Trust Riverfront Dynamic Europe ETF 32.4 83 -24 5.6 -0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 31.9 30 29 6.3 +0.0
NUDM Nuveen ESG International Developed Markets Equity ETF 31.6 40 19 5.9 -0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 31.6 30 29 9.9 +3.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 31.4 30 29 4.1 -2.1
IXUS ishares Core MSCI Total International Stock ETF 31.4 9 50 6.4 +0.2
FEZ SPDR EURO STOXX 50 ETF 30.9 29 30 6.1 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 29.8 39 20 7.4 +1.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 29.4 29 30 7.1 +0.9
RNDM First Trust Developed International Equity Select ETF 29.0 65 -6 5.7 -0.5
RBIN Nationwide Risk-Based International Equity ETF 28.6 42 17 6.0 -0.2
TPIF Timothy Plan International ETF 28.1 62 -3 6.1 -0.2
AVDE Avantis International Equity ETF 27.8 23 36 6.9 +0.7
VIGI Vanguard International Dividend Appreciation ETF 26.5 20 39 5.0 -1.2
FIVA Fidelity International Value Factor ETF 26.2 39 20 8.7 +2.5
VWID Virtus WMC International Dividend ETF 25.8 49 10 7.4 +1.2
FDEV Fidelity Targeted International Factor ETF 25.8 39 20 6.2 -0.1
IDHQ Invesco S&P International Developed Quality ETF 25.5 29 30 4.8 -1.5
VXUS Vanguard Total International Stock ETF 25.2 8 51 6.6 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 25.0 20 39 5.0 -1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 24.3 83 -24 5.1 -1.1
IDMO Invesco S&P International Developed Momentum ETF 23.8 26 33 3.7 -2.5
DTH WisdomTree International High Dividend Fund 23.7 58 1 8.7 +2.5
ZGBR SPDR Solactive United Kingdom ETF 23.6 14 45 7.0 +0.8
FLGB Franklin FTSE United Kingdom ETF 23.5 9 50 6.9 +0.7
IGRO iShares International Dividend Growth ETF 23.1 15 44 7.0 +0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.1 32 27 5.7 -0.5
EWU iShares MSCI United Kingdom ETF 23.1 51 8 6.5 +0.3
IOO iShares Global 100 ETF 22.5 40 19 4.2 -2.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.3 42 17 4.6 -1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.1 24 35 6.5 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 21.6 58 1 6.0 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 21.5 37 22 7.1 +0.8
QINT American Century Quality Diversified International ETF 21.4 39 20 5.7 -0.5
IQDG WisdomTree International Quality Dividend Growth Fund 21.0 42 17 6.0 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 20.9 58 1 5.8 -0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.9 20 39 8.4 +2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 20.8 47 12 8.1 +1.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.6 35 24 7.7 +1.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 20.4 20 39 9.4 +3.2
IQDE FlexShares International Quality Dividend Defensive Index ET 19.8 47 12 7.8 +1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 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 10.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 6.2 %
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.