iShares India 50 ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.9x P/Sales
ratio		 2.5x
P/BV
ratio		 2.7x Div.
yield		 1.7%


  • 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) $594
Currency USD
Expense ratio 89 bp
Distributions Semi-annual

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) $72,415
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 11.3 %
RELIANCE INDUSTRIES LTD 9.9 %
ICICI BANK LTD 9.2 %
BHARTI AIRTEL LIMITED 5.2 %
INFOSYS TECHNOLOGIES LTD 5.1 %
LARSEN & TOUBRO LIMITED 4.2 %
STATE BANK OF INDIA 4.0 %
AXIS BANK LIMITED 3.5 %
MAHINDRA & MAHINDRA LTD. 3.1 %
ITC LTD 2.7 %
Total 58.3 %

TOP COUNTRY EXPOSURE
INDIA 97.5 %










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.
-14.3% -9.9% 2.6% 6.8% 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.38 24%
MSCI EAFE 0.50 36%
MSCI Emg. Mkts. 0.44 35%

Technical Indicators
Recent close $44.18
30d moving avg. $43.60
Annualized volatility 12.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 184
Turnover 1.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 132 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™: 5.0%


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
(%)
PIN Invesco India ETF 59.8 78 11 4.7 -0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 59.0 80 9 4.8 -0.2
FLIN Franklin FTSE India ETF 49.6 19 70 4.0 -1.0
EPI WisdomTree India Earnings Fund 44.1 85 4 4.9 -0.1
NDIA Global X India Active ETF 37.2 75 14 4.8 -0.2
RNEM First Trust Emerging Markets Equity Select ETF 22.3 75 14 7.7 +2.7
XC WisdomTree Emerging Markets Ex-China Fund 20.7 32 57 6.0 +1.1
BKF iShares MSCI BIC ETF 19.6 69 20 13.6 +8.6
INCO Columbia India Consumer ETF 16.9 75 14 2.1 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 14.9 24 65 5.7 +0.8
STXE Strive Emerging Markets Ex-China ETF 14.3 32 57 5.8 +0.8
VEXC Vanguard Emerging Markets Ex-China ETF 13.9 7 82 5.9 +0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 12.9 40 49 6.6 +1.6
GLIN VanEck India Growth Leaders ETF 12.1 77 12 5.3 +0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 11.9 15 74 5.9 +0.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.8 25 64 6.5 +1.5
LDEM iShares ESG MSCI EM Leaders ETF 11.4 17 72 12.2 +7.2
EMXC iShares MSCI Emerging Markets ex China ETF 10.7 25 64 5.5 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.7 95 -6 10.4 +5.4
NUEM Nuveen ESG Emerging Markets Equity ETF 10.6 36 53 6.2 +1.2
EEMA iShares MSCI Emerging Markets Asia ETF 10.5 49 40 8.1 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 10.4 49 40 7.9 +2.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 9.6 75 14 6.6 +1.6
FLAX Franklin FTSE Asia Ex Japan ETF 9.4 19 70 7.6 +2.7
EMC Global X Emerging Markets Great Consumer ETF 9.4 75 14 7.6 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.4 70 19 7.5 +2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.3 20 69 8.7 +3.7
ECON Columbia Emerging Markets Consumer ETF 9.0 49 40 7.3 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.0 15 74 8.4 +3.4
XCEM Columbia EM Core ex-China ETF 8.9 16 73 5.4 +0.4
VWO Vanguard FTSE Emerging Markets ETF 8.8 7 82 9.3 +4.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.7 35 54 11.5 +6.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.6 32 57 5.1 +0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 41 9.0 +4.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.3 66 23 7.7 +2.7
GMF SPDR S&P Emerging Asia Pacific ETF 8.3 49 40 9.0 +4.0
SCHE Schwab Emerging Markets Equity ETF 8.3 11 78 9.5 +4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.2 30 59 8.0 +3.0
EEM iShares MSCI Emerging Markets ETF 8.2 69 20 8.2 +3.2
BKEM BNY Mellon Emerging Markets Equity ETF 8.0 11 78 8.3 +3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.0 36 53 8.0 +3.0
EMXF iShares ESG Advanced MSCI EM ETF 7.6 16 73 7.2 +2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 7.6 49 40 13.5 +8.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.4 15 74 9.3 +4.3
ESGE iShares ESG Aware MSCI EM ETF 7.3 25 64 8.7 +3.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.2 39 50 13.7 +8.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 7.2 30 59 8.5 +3.5
ROAM Hartford Multifactor Emerging Markets ETF 7.1 44 45 8.0 +3.0
IEMG iShares Core MSCI Emerging Markets ETF 7.1 9 80 8.5 +3.6
FDEM Fidelity Emerging Markets Multifactor ETF 7.1 25 64 10.7 +5.7
DGIN VanEck Digital India ETF 6.8 71 18 1.5 -3.5
EMGF iShares Emerging Markets Equity Factor ETF 6.8 25 64 9.4 +4.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.7 45 44 8.5 +3.5
DFEV Dimensional Emerging Markets Value ETF 6.5 43 46 10.1 +5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.5 32 57 7.8 +2.9
EEMO Invesco S&P Emerging Markets Momentum ETF 6.4 29 60 7.5 +2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 6.3 55 34 5.7 +0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 6.3 33 56 7.1 +2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 6.1 33 56 6.6 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 6.1 7 82 9.6 +4.6
AVES Avantis Emerging Markets Value ETF 6.0 36 53 9.0 +4.0
DEHP Dimensional Emerging Markets High Profitability ETF 5.8 41 48 5.2 +0.2
DFAE Dimensional Emerging Core Equity Market ETF 5.5 35 54 7.3 +2.3
SCHY Schwab International Dividend Equity ETF 5.5 14 75 8.2 +3.2
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 10 9.0 +4.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.3 44 45 9.1 +4.2
JADE JPMorgan Active Developing Markets Equity ETF 5.2 65 24 6.3 +1.3
AVEM Avantis Emerging Markets Equity ETF 5.0 33 56 7.4 +2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.9 88 1 8.3 +3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.6 59 30 8.8 +3.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 4.4 53 36 5.5 +0.5
VIGI Vanguard International Dividend Appreciation ETF 4.2 10 79 6.1 +1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.1 45 44 9.4 +4.4
AVSE Avantis Responsible Emerging Markets Equity ETF 4.0 33 56 7.1 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.0 38 51 7.3 +2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.6 60 29 6.4 +1.4
MINV Matthews Asia Innovators Active ETF 3.6 79 10 6.2 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.5 50 39 8.6 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.3 41 48 7.1 +2.1
NXTG First Trust Indxx NextG ETF 3.3 70 19 4.4 -0.6
ACWV iShares MSCI Global Min Vol Factor ETF 3.3 20 69 5.7 +0.7
FTAG First Trust Indxx Global Agriculture ETF 3.1 70 19 6.7 +1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.9 47 42 4.9 -0.1
CGXU Capital Group International Focus Equity ETF 2.7 54 35 4.0 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 2.6 34 55 6.4 +1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.5 18 71 6.5 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.5 4 85 6.8 +1.8
VXUS Vanguard Total International Stock ETF 2.4 5 84 6.7 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.4 41 48 6.2 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 26 10.7 +5.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 50 8.0 +3.0
IXUS iShares Core MSCI Total International Stock ETF 2.2 7 82 6.7 +1.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.1 65 24 7.8 +2.8
JIG JPMorgan International Growth ETF 2.0 55 34 3.6 -1.4
VSGX Vanguard ESG International Stock ETF 2.0 10 79 6.8 +1.8
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 59 6.5 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 9 8.6 +3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 1.7 49 40 8.9 +3.9
JIVE JPMorgan International Value ETF 1.6 55 34 8.4 +3.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.6 86 3 12.0 +7.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.6 86 3 0.2 -4.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 29 9.3 +4.3
INQQ India Internet & Ecommerce ETF 1.6 86 3 0.6 -4.4
IGRO iShares International Dividend Growth ETF 1.5 15 74 6.7 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 42 7.5 +2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 59 6.4 +1.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 14 2.3 -2.7
KNCT Invesco Next Gen Connectivity ETF 1.2 40 49 3.8 -1.2
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 79 5.2 +0.2
DGT State Street SPDR Global Dow ETF 1.0 50 39 5.9 +0.9
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 23 9.4 +4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 69 5.0 -0.0
ACWI iShares MSCI ACWI ETF 1.0 32 57 4.9 -0.1
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 42 7.7 +2.7
AQLT iShares MSCI Global Quality Factor ETF 0.9 18 71 0.0 -5.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 19 6.0 +1.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.9 67 22 12.0 +7.0
DVYE iShares Emerging Markets Dividend ETF 0.9 49 40 16.8 +11.8
VT Vanguard Total World Stock ETF 0.9 6 83 5.2 +0.2
DWX SPDR S&P International Dividend ETF 0.9 45 44 6.6 +1.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.8 78 11 10.0 +5.0
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 50 7.2 +2.2
CGGO Capital Group Global Growth Equity ETF 0.7 47 42 4.4 -0.6
VYMI Vanguard International High Dividend Yield ETF 0.6 17 72 8.0 +3.0
JGLO JPMorgan Global Select Equity ETF 0.6 33 56 4.4 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 77 4.6 -0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.4 42 47 4.1 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 40 4.6 -0.4
GLOF iShares Global Equity Factor ETF 0.3 20 69 5.8 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 43 7.2 +2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 80 5.1 +0.1
DEW WisdomTree Global High Dividend Fund 0.1 58 31 7.3 +2.3

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

  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

Content on this tab for subscribers only

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 15.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.52
 
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.