iShares Europe ETF
ALTAR
Score™
8.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
1.1x
P/BV
ratio
1.2x Div.
yield
4.6%


  • 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 28, 2000
Assets (mns) $1,213
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 363
Wgt avg mkt cap (mns) $74,789
Large cap (>$10bn) 88.6%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 4.4 %
ROCHE HOLDING AG-GENUSSCHEIN 3.3 %
NOVARTIS AG-REG 3.0 %
SAP AG 1.8 %
ASTRAZENECA PLC 1.7 %
HSBC HOLDINGS PLC 1.7 %
ASML HOLDING NV 1.6 %
SANOFI-AVENTIS 1.5 %
LVMH MOET HENNESSY LOUIS VUI 1.4 %
NOVO NORDISK A/S-B 1.4 %
Total 21.8 %

TOP COUNTRY EXPOSURE
BRITAIN 24.4 %
SWITZERLAND 18.1 %
FRANCE 15.8 %
GERMANY 12.8 %
NETHERLANDS 6.6 %
SWEDEN 4.1 %
SPAIN 3.9 %
DENMARK 3.3 %
ITALY 3.0 %
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.
-24.8% -16.0% -1.6% 2.2% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.92 77%
MSCI EAFE 1.05 97%
MSCI Emg. Mkts. 0.80 83%

Technical Indicators
Recent close $34.32
30d moving avg. $37.67
Annualized volatility 15.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 838
Turnover 2.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $28,919

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.6%


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
(%)
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 90.0 30 29 8.5 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 89.8 45 14 8.2 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 89.7 9 50 9.1 +0.5
FLEE Franklin FTSE Europe ETF 88.6 9 50 8.8 +0.2
FLEH Franklin FTSE Europe Hedged ETF 87.9 9 50 8.7 +0.0
IEUR iShares Core MSCI Europe ETF 82.8 9 50 9.2 +0.5
VGK Vanguard FTSE Europe ETF 81.1 8 51 9.3 +0.7
FEU SPDR Portfolio Europe ETF 80.9 9 50 9.1 +0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 70.9 25 34 8.3 -0.3
IQSI IQ Candriam ESG International Equity ETF 58.7 15 44 9.1 +0.5
EFA iShares MSCI EAFE ETF 57.9 32 27 9.0 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 57.8 20 39 9.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 56.7 48 11 10.8 +2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 55.8 35 24 8.7 +0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 55.0 20 39 9.3 +0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 53.9 20 39 9.0 +0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 52.0 7 52 9.5 +0.8
EFG iShares MSCI EAFE Growth ETF 51.7 40 19 5.9 -2.7
QEFA SPDR MSCI EAFE Quality Mix ETF 51.5 30 29 8.2 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 51.0 35 24 10.8 +2.2
DWM WisdomTree International Equity Fund 51.0 48 11 10.6 +2.0
IEFA iShares Core MSCI EAFE ETF 50.0 7 52 9.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 50.0 45 14 11.3 +2.7
JHMD John Hancock Multifactor Developed International ETF 49.9 45 14 9.3 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.4 14 45 8.6 0.0
SCHF Schwab International Equity ETF 47.9 6 53 9.3 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 47.7 30 29 5.9 -2.8
OEUR O'shares FTSE Europe Quality Dividend ETF 47.6 48 11 7.6 -1.0
IDY Pacific Global International Equity Income ETF 47.1 39 20 10.8 +2.2
EZU iShares MSCI Eurozone ETF 46.6 49 10 8.9 +0.3
EFV iShares MSCI EAFE Value ETF 46.5 39 20 12.4 +3.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 46.4 45 14 8.7 +0.0
RFEU First Trust Riverfront Dynamic Europe ETF 46.2 83 -24 6.3 -2.4
IDEV iShares Core MSCI International Developed Markets ETF 46.2 5 54 9.3 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 45.6 25 34 11.1 +2.5
EURZ Xtrackers Eurozone Equity ETF 45.6 9 50 9.2 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 44.3 4 55 9.1 +0.5
JPEU JPMorgan Diversified Return Europe Equity ETF 44.0 37 22 8.6 -0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 43.9 25 34 8.6 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 43.4 30 29 7.5 -1.1
PDEV Principal International Multi-Factor Core Index ETF 43.4 25 34 8.5 -0.1
EUMV iShares Edge MSCI Min Vol Europe ETF 43.0 25 34 6.4 -2.2
VYMI Vanguard International High Dividend Yield ETF 42.7 32 27 12.3 +3.6
VEA Vanguard FTSE Developed Markets ETF 42.0 5 54 9.5 +0.8
SCID Global X Scientific Beta Europe ETF 41.6 38 21 8.8 +0.2
CWI SPDR MSCI ACWI ex-US ETF 40.2 30 29 9.3 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 39.9 39 20 8.3 -0.3
ISDX Invesco Strategic Developed ex-US ETF 39.9 23 36 9.9 +1.3
IQIN IQ 500 International ETF 39.6 25 34 11.1 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 38.1 32 27 9.4 +0.7
DTH WisdomTree DEFA Equity Income Fund 37.8 58 1 12.3 +3.7
RNDM Developed International Equity Select ETF 37.6 65 -6 8.1 -0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 37.2 48 11 0.0 -8.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 37.0 16 43 8.7 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.6 40 19 9.0 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 36.5 83 -24 7.9 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 35.8 8 51 9.6 +1.0
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 35.7 45 14 9.3 +0.6
CIL Victory CEMP International Volatility Weighted Index ETF 35.7 45 14 9.2 +0.5
IDMO Invesco S&P International Developed Momentum ETF 33.9 25 34 5.7 -2.9
IXUS ishares Core MSCI Total International Stock ETF 33.6 9 50 9.5 +0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 33.1 58 1 7.7 -0.9
VXUS Vanguard Total International Stock Index Fund 32.6 8 51 9.6 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 32.5 39 20 11.7 +3.1
RBIN Nationwide Risk-Based International Equity ETF 31.7 42 17 8.4 -0.3
IGRO iShares International Dividend Growth ETF 31.6 22 37 9.8 +1.2
VSGX Vanguard ESG International Stock ETF 30.3 17 42 9.1 +0.5
FEZ SPDR EURO STOXX 50 ETF 30.0 29 30 9.3 +0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 30.0 30 29 9.1 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 29.8 29 30 6.6 -2.1
FIVA Fidelity International Value Factor ETF 29.4 39 20 13.1 +4.5
FDEV Fidelity Targeted International Factor ETF 29.0 39 20 7.7 -0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 28.4 40 19 8.5 -0.1
QINT American Century Quality Diversified International ETF 28.3 39 20 7.6 -1.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 28.2 20 39 6.7 -1.9
VIGI Vanguard International Dividend Appreciation ETF 28.1 25 34 7.1 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.2 29 30 9.4 +0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 27.0 30 29 14.1 +5.4
TPIF Timothy Plan International ETF 26.9 62 -3 8.8 +0.2
HEDJ WisdomTree Europe Hedged Equity Fund 26.2 58 1 9.7 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.3 32 27 7.6 -1.0
IOO iShares Global 100 ETF 25.0 40 19 6.1 -2.5
FLGB Franklin FTSE United Kingdom ETF 24.9 9 50 9.0 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 24.7 58 1 10.9 +2.2
EWU iShares MSCI United Kingdom ETF 24.6 50 9 8.5 -0.1
QGBR SPDR MSCI UK StrategicFactors ETF 24.6 14 45 9.1 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 23.8 24 35 9.1 +0.5
AVDE Avantis International Equity ETF 23.7 23 36 10.2 +1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.4 42 17 7.2 -1.5
JPIN JPMorgan Diversified Return International Equity ETF 22.6 38 21 9.8 +1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.1 29 30 10.6 +2.0
DDEZ WisdomTree Europe Multifactor Fund 21.1 43 16 8.4 -0.2
TOK iShares MSCI Kokusai ETF 20.8 25 34 7.3 -1.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.7 35 24 10.7 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 20.2 58 1 7.7 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 20.2 38 21 7.9 -0.8
DGT SPDR Global Dow ETF 20.1 50 9 8.6 -0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 19.9 55 4 8.6 -0.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.9 47 12 15.5 +6.8

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.