iShares India 50 ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.0x P/Sales
ratio		 2.4x
P/BV
ratio		 2.9x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P India Nifty 50 Index Fund investment results that correspond to the price and yield performance of the S&P CNX Nifty Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Nov 18, 2009
Assets (mns) $671
Currency USD
Expense ratio 89 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $81,398
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
HDFC BANK LIMITED 13.0 %
ICICI BANK LTD 9.2 %
RELIANCE INDUSTRIES LTD 7.9 %
INFOSYS TECHNOLOGIES LTD 4.7 %
BHARTI AIRTEL LIMITED 4.6 %
LARSEN & TOUBRO LIMITED 3.7 %
ITC LTD 3.4 %
KOTAK MAHINDRA BANK LTD 2.9 %
TATA CONSULTANCY SVS LTD 2.8 %
MAHINDRA & MAHINDRA LTD. 2.8 %
Total 55.0 %

TOP COUNTRY EXPOSURE
INDIA 94.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.1% -9.6% 10.3% 7.6% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.40 20%
MSCI EAFE 0.35 19%
MSCI Emg. Mkts. 0.39 27%

Technical Indicators
Recent close $51.78
30d moving avg. $51.63
Annualized volatility 12.0%
Short interest (ETF) 6.0%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.5%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 131 potential alternatives to the iShares India 50 ETF ETF based on the alternatives' overlap in portfolio holdings with INDY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: INDY Expense: 89 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH INDY
Ticker Fund
Name		 Overlap1
vs INDY
(%)		 Expense
ratio
(bp)		 Savings
vs INDY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs INDY
(%)
INDA iShares MSCI India ETF 64.3 65 24 4.8 -0.3
PIN Invesco India ETF 61.6 78 11 4.8 -0.3
FLIN Franklin FTSE India ETF 53.9 19 70 4.3 -0.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 53.3 80 9 5.2 +0.1
EPI WisdomTree India Earnings Fund 48.2 85 4 5.3 +0.2
NDIA Global X India Active ETF 33.4 75 14 5.1 -0.1
INDF Nifty India Financials ETF 30.1 75 14 8.7 +3.6
STXE Strive Emerging Markets Ex-China ETF 22.0 32 57 7.5 +2.4
RNEM First Trust Emerging Markets Equity Select ETF 20.5 75 14 7.8 +2.7
BKF iShares MSCI BIC ETF 19.6 69 20 13.5 +8.4
GLIN VanEck India Growth Leaders ETF 18.6 77 12 7.0 +1.9
INCO Columbia India Consumer ETF 18.3 75 14 2.0 -3.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 16.0 24 65 7.7 +2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.6 32 57 6.8 +1.7
XC WisdomTree Emerging Markets Ex-China Fund 15.0 32 57 6.3 +1.2
EMXC iShares MSCI Emerging Markets ex China ETF 14.8 25 64 7.4 +2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 14.1 15 74 7.6 +2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.7 40 49 7.0 +1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.6 25 64 6.5 +1.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.5 20 69 10.0 +4.9
NUEM Nuveen ESG Emerging Markets Equity ETF 12.7 36 53 7.6 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 12.7 49 40 9.9 +4.7
LDEM iShares ESG MSCI EM Leaders ETF 12.3 17 72 13.7 +8.6
JHEM John Hancock Multifactor Emerging Markets ETF 12.3 49 40 9.9 +4.8
ECON Columbia Emerging Markets Consumer ETF 12.0 49 40 11.9 +6.7
DGIN VanEck Digital India ETF 11.6 71 18 2.2 -2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.5 70 19 9.0 +3.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.0 75 14 8.8 +3.7
FLAX Franklin FTSE Asia Ex Japan ETF 10.8 19 70 8.9 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 10.7 48 41 7.4 +2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.5 30 59 9.1 +4.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 10.4 35 54 17.6 +12.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.3 15 74 10.0 +4.9
EEM iShares MSCI Emerging Markets ETF 10.1 69 20 9.9 +4.8
BKEM BNY Mellon Emerging Markets Equity ETF 10.1 11 78 9.8 +4.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.1 15 74 7.6 +2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.0 36 53 9.5 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.9 66 23 9.2 +4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.8 32 57 8.9 +3.8
FDEM Fidelity Emerging Markets Multifactor ETF 9.6 25 64 12.7 +7.6
VWO Vanguard FTSE Emerging Markets ETF 9.6 7 82 10.0 +4.9
GMF SPDR S&P Emerging Asia Pacific ETF 9.6 49 40 9.2 +4.1
ESGE iShares ESG Aware MSCI EM ETF 9.6 25 64 9.8 +4.7
EMXF iShares ESG Advanced MSCI EM ETF 9.5 16 73 8.4 +3.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.5 95 -6 11.6 +6.5
SCHE Schwab Emerging Markets Equity ETF 9.2 11 78 10.7 +5.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 9.2 30 59 10.0 +4.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 9.1 33 56 9.7 +4.6
EMGF iShares Emerging Markets Equity Factor ETF 8.9 25 64 11.4 +6.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.7 50 39 11.0 +5.9
IEMG iShares Core MSCI Emerging Markets ETF 8.5 9 80 10.2 +5.0
MINV Matthews Asia Innovators Active ETF 8.4 79 10 7.0 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.2 45 44 10.0 +4.9
DFEV Dimensional Emerging Markets Value ETF 7.8 43 46 13.2 +8.0
ROAM Hartford Multifactor Emerging Markets ETF 7.8 44 45 12.0 +6.8
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 49 40 15.6 +10.5
AVES Avantis Emerging Markets Value ETF 7.7 36 53 11.0 +5.9
DEHP Dimensional Emerging Markets High Profitability ETF 7.5 41 48 6.5 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 7.3 7 82 10.3 +5.2
DFAE Dimensional Emerging Core Equity Market ETF 6.9 35 54 9.1 +4.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.7 39 50 16.1 +11.0
XCEM Columbia EM Core ex-China ETF 6.6 16 73 8.0 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.3 44 45 10.6 +5.5
IPAV Global X Infrastructure Development ex-U.S. ETF 6.2 55 34 7.7 +2.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 6.2 45 44 10.8 +5.7
EMC Global X Emerging Markets Great Consumer ETF 6.1 75 14 10.9 +5.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.0 53 36 7.7 +2.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.0 60 29 8.4 +3.3
AVEM Avantis Emerging Markets Equity ETF 6.0 33 56 8.4 +3.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.9 88 1 8.5 +3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.9 33 56 8.4 +3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 5.8 29 60 6.6 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.4 59 30 8.7 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.2 38 51 9.1 +3.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 4.4 41 48 8.6 +3.4
VIGI Vanguard International Dividend Appreciation ETF 4.1 10 79 6.4 +1.3
CGXU Capital Group International Focus Equity ETF 4.1 54 35 5.4 +0.2
AVSE Avantis Responsible Emerging Markets Equity ETF 3.9 33 56 8.2 +3.1
MEM Matthews Emerging Markets Equity Active ETF 3.8 79 10 7.6 +2.5
FILL iShares MSCI Global Energy Producers ETF 3.6 39 50 11.9 +6.7
ACWV iShares MSCI Global Min Vol Factor ETF 3.5 20 69 6.2 +1.1
NXTG First Trust Indxx NextG ETF 3.4 70 19 5.1 -0.1
SCHY Schwab International Dividend Equity ETF 3.2 14 75 9.9 +4.7
IGRO iShares International Dividend Growth ETF 3.1 15 74 7.3 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 55 7.6 +2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.0 18 71 7.9 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 2.8 4 85 8.0 +2.9
FTAG First Trust Indxx Global Agriculture ETF 2.8 70 19 8.9 +3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.7 39 50 11.3 +6.2
IXUS iShares Core MSCI Total International Stock ETF 2.7 7 82 7.8 +2.7
VXUS Vanguard Total International Stock ETF 2.6 5 84 7.8 +2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.6 41 48 7.3 +2.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 24 7.8 +2.7
CWI SPDR MSCI ACWI ex-US ETF 2.3 30 59 7.5 +2.4
VSGX Vanguard ESG International Stock ETF 2.2 10 79 7.6 +2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 2.1 49 40 12.1 +7.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 3 13.5 +8.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.0 86 3 0.5 -4.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.0 60 29 10.3 +5.1
INQQ India Internet & Ecommerce ETF 2.0 86 3 1.4 -3.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 14 2.9 -2.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 59 7.8 +2.7
DEM WisdomTree Emerging Markets High Dividend Fund 1.3 63 26 13.8 +8.6
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 79 5.7 +0.6
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 23 12.6 +7.5
KNCT Invesco Next Gen Connectivity ETF 1.1 40 49 4.5 -0.6
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 42 9.0 +3.9
ACWI iShares MSCI ACWI ETF 1.1 32 57 5.5 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 69 5.6 +0.4
XT iShares Exponential Technologies ETF 1.0 46 43 4.7 -0.4
VT Vanguard Total World Stock ETF 0.9 6 83 5.8 +0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 11 9.6 +4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 42 5.8 +0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 22 14.0 +8.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 19 7.5 +2.3
DVYE iShares Emerging Markets Dividend ETF 0.8 49 40 19.1 +13.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 42 8.4 +3.2
DGT SPDR Global Dow ETF 0.8 50 39 6.9 +1.8
JIG JPMorgan International Growth ETF 0.7 55 34 4.7 -0.5
VYMI Vanguard International High Dividend Yield ETF 0.7 17 72 9.7 +4.6
DWX SPDR S&P International Dividend ETF 0.7 45 44 6.3 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 43 9.8 +4.6
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 50 9.2 +4.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 47 7.1 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 77 5.1 -0.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 9 11.3 +6.1
CGGO Capital Group Global Growth Equity ETF 0.4 47 42 4.6 -0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 40 5.8 +0.7
DEW WisdomTree Global High Dividend Fund 0.3 58 31 8.5 +3.4
GLOF iShares Global Equity Factor ETF 0.3 20 69 6.4 +1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 80 5.6 +0.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares India 50 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.0 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.51
 
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.