iShares International Dividend Growth ETF
ALTAR
Score™
8.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares International Dividend Growth ETF tracks an index of international equities that have growing dividends.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date May 17, 2016
Assets (mns) $82
Currency USD
Expense ratio 22 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 419
Wgt avg mkt cap (mns) $65,784
Large cap (>$10bn) 80.8%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 2.7%
Developed mkts 89.8%
Emerging mkts 10.2%

TOP TEN HOLDINGS
NESTLE SA-REG 3.1 %
NOVARTIS AG-REG 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 2.8 %
ROYAL BANK OF CANADA 2.5 %
SANOFI-AVENTIS 2.4 %
SIEMENS AG-REG 2.4 %
TORONTO-DOMINION BANK 2.3 %
ALLIANZ SE-REG 2.1 %
BASF SE 1.9 %
BAYER AG 1.8 %
Total 24.4 %

TOP COUNTRY EXPOSURE
CANADA 17.6 %
JAPAN 13.9 %
GERMANY 11.3 %
FRANCE 9.9 %
SWITZERLAND 9.5 %
BRITAIN 8.6 %
NETHERLANDS 3.9 %
HONG KONG 3.6 %
TAIWAN 3.1 %
ITALY 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.
-16.2% -2.2% -- -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.87 82%
MSCI EAFE 1.01 93%
MSCI Emg. Mkts. 0.75 80%

Technical Indicators
Recent close $51.16
30d moving avg. $47.79
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.7%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $23,370

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares International Dividend Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IGRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGRO Expense: 22 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGRO
Ticker Fund
Name
Overlap1
vs IGRO
(%)
Expense
ratio
(bp)
Savings
vs IGRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGRO
(%)
VIGI Vanguard International Dividend Appreciation ETF 36.2 25 -3 6.1 -2.2
IEV iShares Europe ETF 31.7 59 -37 7.1 -1.2
BBEU JPMorgan BetaBuilders Europe ETF 31.4 9 13 7.6 -0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 31.4 30 -8 6.4 -2.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 31.3 30 -8 7.1 -1.2
FLEE Franklin FTSE Europe ETF 31.1 9 13 7.2 -1.1
FLEH Franklin FTSE Europe Hedged ETF 30.8 9 13 7.3 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.7 20 2 7.5 -0.8
IQSI IQ Candriam ESG International Equity ETF 30.6 15 7 7.5 -0.8
IEUR iShares Core MSCI Europe ETF 30.4 9 13 7.6 -0.7
SCHF Schwab International Equity ETF 30.4 6 16 7.6 -0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.2 45 -23 6.9 -1.4
FEU SPDR Portfolio Europe ETF 30.0 9 13 7.6 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 29.6 5 17 7.5 -0.8
EFA iShares MSCI EAFE ETF 29.5 32 -10 7.4 -1.0
PDEV Principal International Multi-Factor Core Index ETF 29.3 25 -3 8.1 -0.2
VGK Vanguard FTSE Europe ETF 29.3 8 14 7.6 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.2 35 -13 7.2 -1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 29.0 30 -8 6.9 -1.4
HFXI IQ 50 Percent Hedged FTSE International ETF 28.9 20 2 7.8 -0.6
DOL WisdomTree International LargeCap Dividend Fund 28.5 48 -26 8.8 +0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 28.4 20 2 7.4 -0.9
SPDW SPDR Portfolio Developed World ex-US ETF 28.1 4 18 7.4 -0.9
EFG iShares MSCI EAFE Growth ETF 28.1 40 -18 4.8 -3.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.9 7 15 7.8 -0.5
VEA Vanguard FTSE Developed Markets ETF 27.5 5 17 7.6 -0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 27.4 16 6 7.3 -1.0
IEFA iShares Core MSCI EAFE ETF 27.3 7 15 7.5 -0.8
JHMD John Hancock Multifactor Developed International ETF 27.2 45 -23 7.6 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 27.1 40 -18 7.6 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 27.0 32 -10 7.7 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.9 25 -3 7.0 -1.3
CWI SPDR MSCI ACWI ex-US ETF 26.9 30 -8 7.9 -0.5
DWM WisdomTree International Equity Fund 26.3 48 -26 8.5 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.2 25 -3 6.9 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.1 35 -13 8.8 +0.5
VSGX Vanguard ESG International Stock ETF 26.0 17 5 7.6 -0.7
EURZ Xtrackers Eurozone Equity ETF 25.7 9 13 7.4 -0.9
IXUS ishares Core MSCI Total International Stock ETF 25.6 9 13 7.8 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 25.5 8 14 8.0 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.5 45 -23 9.2 +0.9
CIL VictoryShares International Volatility Weighted Index ETF 25.3 45 -23 6.9 -1.4
EZU iShares MSCI Eurozone ETF 25.3 49 -27 7.1 -1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.1 45 -23 7.0 -1.3
VXUS Vanguard Total International Stock Index Fund 24.5 8 14 7.9 -0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 24.4 48 -26 0.0 -8.3
FNDF Schwab Fundamental International Large Co. Index ETF 24.2 25 -3 9.0 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.9 14 8 7.2 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.7 20 2 11.3 +2.9
OEUR O'shares FTSE Europe Quality Dividend ETF 23.7 48 -26 6.7 -1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 22.5 83 -61 6.5 -1.8
IQIN IQ 500 International ETF 22.4 25 -3 9.3 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 22.4 39 -17 6.9 -1.5
FIVA Fidelity International Value Factor ETF 22.2 39 -17 10.5 +2.2
VYMI Vanguard International High Dividend Yield ETF 22.1 32 -10 10.6 +2.2
FDEV Fidelity Targeted International Factor ETF 21.9 39 -17 6.7 -1.7
IDY Pacific Global International Equity Income ETF 21.8 39 -17 8.3 -0.1
ISDX Invesco Strategic Developed ex-US ETF 21.8 23 -1 7.7 -0.6
RFEU First Trust Riverfront Dynamic Europe ETF 21.7 83 -61 5.1 -3.2
FEZ SPDR EURO STOXX 50 ETF 21.7 29 -7 7.6 -0.7
EFV iShares MSCI EAFE Value ETF 21.3 39 -17 10.4 +2.1
ISZE iShares Edge MSCI Intl Size Factor ETF 20.9 30 -8 7.2 -1.2
TPIF Timothy Plan International ETF 20.8 62 -40 7.2 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.5 39 -17 9.4 +1.0
AVDE Avantis International Equity ETF 19.4 23 -1 8.2 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 19.3 24 -2 7.4 -0.9
IDHQ Invesco S&P International Developed High Quality ETF 19.0 29 -7 5.5 -2.8
SCID Global X Scientific Beta Europe ETF 18.7 38 -16 7.2 -1.2
HEDJ WisdomTree Europe Hedged Equity Fund 18.4 58 -36 7.3 -1.0
RNDM Developed International Equity Select ETF 18.4 65 -43 6.5 -1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.4 29 -7 8.9 +0.6
EUMV iShares Edge MSCI Min Vol Europe ETF 18.3 25 -3 5.6 -2.7
JPEU JPMorgan Diversified Return Europe Equity ETF 18.3 37 -15 7.0 -1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 18.3 30 -8 11.6 +3.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.2 20 2 6.0 -2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 18.1 40 -18 7.1 -1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.0 32 -10 6.6 -1.7
IDMO Invesco S&P International Developed Momentum ETF 17.5 25 -3 4.7 -3.6
BBCA JPMorgan BetaBuilders Canada ETF 17.4 19 3 7.1 -1.3
QINT American Century Quality Diversified International ETF 17.3 39 -17 6.1 -2.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.2 30 -8 5.0 -3.3
QCAN SPDR MSCI Canada Quality Mix ETF 17.2 14 8 7.3 -1.1
EWC iShares MSCI Canada ETF 17.2 49 -27 6.8 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 16.8 47 -25 14.0 +5.7
FLCA Franklin FTSE Canada ETF 16.6 9 13 7.4 -0.9
RBIN Nationwide Risk-Based International Equity ETF 16.3 42 -20 6.5 -1.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 16.0 47 -25 13.1 +4.8
DTH WisdomTree DEFA Equity Income Fund 15.8 58 -36 9.9 +1.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 15.8 50 -28 6.7 -1.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.8 45 -23 7.0 -1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 15.3 29 -7 8.3 -0.1
IPAC iShares Core MSCI Pacific ETF 15.2 9 13 7.6 -0.7
PID Invesco International Dividend Achievers ETF 15.0 54 -32 10.7 +2.4
EUDV ProShares MSCI Europe Dividend Growers ETF 14.9 55 -33 7.0 -1.3
DWMF WisdomTree International Multifactor Fund 14.3 38 -16 6.9 -1.4
VPL Vanguard FTSE Pacific ETF 14.3 8 14 8.0 -0.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 14.0 35 -13 8.8 +0.5
IQDF FlexShares International Quality Dividend Index Fund 14.0 47 -25 13.4 +5.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.9 80 -58 6.1 -2.2

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 International Dividend Growth 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 13.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 22 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.