IQ 500 International ETF
ALTAR
Score™
8.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
32.2x P/Sales
ratio
0.5x
P/BV
ratio
1.0x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQIN tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting.

FUND BASICS
Category International Equities
Fund Sponsor New York Life
Website www.nylinvestments.com
Inception date Dec 12, 2018
Assets (mns) $235
Currency USD
Expense ratio 25 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 496
Wgt avg mkt cap (mns) $43,172
Large cap (>$10bn) 73.5%
Mid cap ($2-10bn) 23.7%
Small cap (<$2bn) 2.7%
Developed mkts 99.9%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 1.1 %
VOLKSWAGEN AG-PFD 1.0 %
DAIMLER AG-REGISTERED SHARES 1.0 %
BASF SE 1.0 %
ITOCHU CORP 1.0 %
MITSUBISHI CORP 0.9 %
GLENCORE INTERNATIONAL PLC 0.9 %
TOTAL SA 0.9 %
ENEL SPA 0.9 %
SOFTBANK GROUP CORP. 0.9 %
Total 9.7 %

TOP COUNTRY EXPOSURE
JAPAN 27.8 %
GERMANY 13.5 %
FRANCE 12.5 %
BRITAIN 10.2 %
CANADA 6.4 %
SWITZERLAND 5.5 %
AUSTRALIA 3.4 %
NETHERLANDS 3.4 %
ITALY 2.9 %
SPAIN 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.6% -8.0% -- -- -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 84%
MSCI EAFE 1.05 97%
MSCI Emg. Mkts. 0.73 79%

Technical Indicators
Recent close $24.86
30d moving avg. $24.35
Annualized volatility 20.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $42,069

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the IQ 500 International ETF ETF based on the alternatives' overlap in portfolio holdings with IQIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQIN Expense: 25 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQIN
Ticker Fund
Name
Overlap1
vs IQIN
(%)
Expense
ratio
(bp)
Savings
vs IQIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQIN
(%)
FNDF Schwab Fundamental International Large Co. Index ETF 61.5 25 0 8.8 -0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 57.7 45 -20 8.8 +0.0
ISDX Invesco Strategic Developed ex-US ETF 57.4 23 2 7.4 -1.4
JHMD John Hancock Multifactor Developed International ETF 48.4 39 -14 7.5 -1.3
BKIE BNY Mellon International Equity ETF 47.4 4 21 7.4 -1.4
EFV iShares MSCI EAFE Value ETF 46.8 39 -14 9.7 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 46.0 20 5 7.4 -1.4
EFA iShares MSCI EAFE ETF 45.9 32 -7 7.1 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.5 25 0 6.6 -2.2
HFXI IQ 50 Percent Hedged FTSE International ETF 45.3 20 5 7.4 -1.4
SCHF Schwab International Equity ETF 45.2 6 19 7.4 -1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 45.0 35 -10 6.9 -1.9
PDEV Principal International Multi-Factor Core Index ETF 44.9 25 0 7.9 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 44.1 7 18 7.6 -1.2
IDEV iShares Core MSCI International Developed Markets ETF 43.7 5 20 7.3 -1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 43.4 20 5 7.0 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 43.3 4 21 7.2 -1.7
DWM WisdomTree International Equity Fund 43.2 48 -23 8.4 -0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 43.2 30 -5 11.6 +2.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 43.2 35 -10 8.6 -0.2
IEFA iShares Core MSCI EAFE ETF 42.6 7 18 7.3 -1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 42.1 20 5 7.1 -1.7
VEA Vanguard FTSE Developed Markets ETF 41.6 5 20 7.4 -1.4
DOL WisdomTree International LargeCap Dividend Fund 41.0 48 -23 8.7 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 40.9 30 -5 7.4 -1.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 40.8 35 -10 7.0 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 40.5 39 -14 6.5 -2.3
IQSI IQ Candriam ESG International Equity ETF 39.8 15 10 7.3 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 39.2 30 -5 6.9 -1.9
CWI SPDR MSCI ACWI ex-US ETF 39.0 30 -5 7.2 -1.6
IDY Pacific Global International Equity Income ETF 38.1 39 -14 8.1 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 37.9 32 -7 7.3 -1.6
CIL VictoryShares International Volatility Weighted Index ETF 37.8 45 -20 6.7 -2.1
FLEE Franklin FTSE Europe ETF 37.7 9 16 7.0 -1.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 37.7 45 -20 6.7 -2.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 37.6 30 -5 6.9 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 37.6 40 -15 7.0 -1.8
FLEH Franklin FTSE Europe Hedged ETF 37.5 9 16 7.1 -1.7
BBEU JPMorgan BetaBuilders Europe ETF 37.5 9 16 7.4 -1.4
IEV iShares Europe ETF 37.5 59 -34 6.8 -2.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 37.2 45 -20 6.6 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 36.9 8 17 7.5 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 36.8 39 -14 8.4 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 36.8 25 0 6.5 -2.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 36.6 29 -4 7.7 -1.1
IEUR iShares Core MSCI Europe ETF 36.4 9 16 7.3 -1.5
FEU SPDR Portfolio Europe ETF 35.8 9 16 7.3 -1.5
VGK Vanguard FTSE Europe ETF 35.5 8 17 7.4 -1.4
IXUS ishares Core MSCI Total International Stock ETF 34.9 9 16 7.4 -1.4
VXUS Vanguard Total International Stock Index Fund 34.3 8 17 7.5 -1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 32.2 29 -4 8.6 -0.2
VYMI Vanguard International High Dividend Yield ETF 31.1 32 -7 10.1 +1.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 30.6 35 -10 8.7 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.6 14 11 7.0 -1.8
EURZ Xtrackers Eurozone Equity ETF 30.6 9 16 7.1 -1.7
EZU iShares MSCI Eurozone ETF 30.5 49 -24 6.6 -2.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 30.1 24 1 7.2 -1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.0 45 -20 6.7 -2.1
DTH WisdomTree DEFA Equity Income Fund 28.9 58 -33 9.8 +1.0
AVDE Avantis International Equity ETF 28.8 23 2 7.8 -1.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 28.3 30 -5 0.0 -8.8
FIVA Fidelity International Value Factor ETF 27.9 39 -14 10.0 +1.2
VSGX Vanguard ESG International Stock ETF 27.7 17 8 7.1 -1.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 27.7 16 9 6.9 -1.9
RNDM Developed International Equity Select ETF 27.2 65 -40 6.3 -2.5
SCID Global X Scientific Beta Europe ETF 26.5 39 -14 6.5 -2.3
TPIF Timothy Plan International ETF 25.5 62 -37 6.3 -2.5
JPIN JPMorgan Diversified Return International Equity ETF 25.4 37 -12 7.9 -0.9
VGFO Virtus WMC Global Factor Opportunities ETF 25.2 49 -24 7.9 -0.9
QJPN SPDR MSCI Japan StrategicFactors ETF 24.5 14 11 7.8 -1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 24.5 48 -23 6.7 -2.1
QINT American Century Quality Diversified International ETF 24.4 39 -14 5.7 -3.1
BBJP JPMorgan BetaBuilders Japan ETF 24.3 19 6 7.6 -1.2
IPAC iShares Core MSCI Pacific ETF 24.3 9 16 7.4 -1.4
EWJ iShares MSCI Japan ETF 24.3 49 -24 7.2 -1.6
FLJP Franklin FTSE Japan ETF 24.3 9 16 7.7 -1.1
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 24.1 30 -5 7.6 -1.3
FLJH Franklin FTSE Japan Hedged ETF 24.1 9 16 7.7 -1.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.1 45 -20 7.3 -1.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.7 42 -17 5.3 -3.5
RBIN Nationwide Risk-Based International Equity ETF 23.3 42 -17 6.2 -2.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.3 45 -20 7.1 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 23.1 30 -5 6.0 -2.8
JPXN iShares JPX-Nikkei 400 ETF 23.1 48 -23 7.4 -1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.0 25 0 7.3 -1.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 22.9 9 16 7.8 -1.0
VPL Vanguard FTSE Pacific ETF 22.8 8 17 7.6 -1.2
DOO WisdomTree International Dividend ex-Financials Fund 22.8 58 -33 8.8 +0.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 22.1 29 -4 12.2 +3.4
EWJE iShares MSCI Japan Equal Weighted ETF 22.0 15 10 7.4 -1.4
IGRO iShares International Dividend Growth ETF 22.0 22 3 8.0 -0.8
URTH iShares MSCI World ETF 21.7 24 1 5.5 -3.3
RFDI First Trust Riverfront Dynamic Developed International ETF 21.3 83 -58 5.7 -3.1
EWJV iShares MSCI Japan Value ETF 20.9 15 10 10.4 +1.6
DGT SPDR Global Dow ETF 20.7 50 -25 6.5 -2.3
FDEV Fidelity Targeted International Factor ETF 20.4 39 -14 6.6 -2.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.1 20 5 5.5 -3.3
IDLV Invesco S&P International Developed Low Volatility ETF 19.9 25 0 6.8 -2.0
EFG iShares MSCI EAFE Growth ETF 19.8 40 -15 4.6 -4.2

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:
IQ 500 International ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.