IQ Candriam ESG International Equity ETF
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.5x P/Sales
ratio
1.3x
P/BV
ratio
1.4x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQSI tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap.

FUND BASICS
Category International Equities
Fund Sponsor New York Life
Website www.nylinvestments.com
Inception date Dec 17, 2019
Assets (mns) $97
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 553
Wgt avg mkt cap (mns) $65,622
Large cap (>$10bn) 86.8%
Mid cap ($2-10bn) 12.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 3.4 %
ROCHE HOLDING AG-GENUSSCHEIN 2.6 %
TOYOTA MOTOR CORP 1.5 %
ASML HOLDING NV 1.4 %
ASTRAZENECA PLC 1.4 %
NOVO NORDISK A/S-B 1.2 %
LVMH MOET HENNESSY LOUIS VUI 1.2 %
SANOFI-AVENTIS 1.1 %
GLAXOSMITHKLINE PLC 1.1 %
AIA GROUP LTD 1.1 %
Total 16.1 %

TOP COUNTRY EXPOSURE
JAPAN 24.1 %
BRITAIN 13.4 %
FRANCE 10.7 %
SWITZERLAND 10.0 %
GERMANY 7.6 %
AUSTRALIA 6.9 %
NETHERLANDS 4.9 %
SWEDEN 3.4 %
HONG KONG 3.0 %
DENMARK 2.9 %

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.
-9.7% -- -- -- -9.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $22.73
30d moving avg. $20.88
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 93
Turnover 2.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $43,159

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IQSI Expense: 15 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQSI
Ticker Fund
Name
Overlap1
vs IQSI
(%)
Expense
ratio
(bp)
Savings
vs IQSI
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQSI
(%)
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 70.9 20 -5 7.4 -0.0
EFA iShares MSCI EAFE ETF 68.9 32 -17 7.3 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 67.8 35 -20 7.1 -0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 66.8 20 -5 7.3 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 65.8 20 -5 7.7 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 62.3 7 8 7.7 +0.3
BBEU JPMorgan BetaBuilders Europe ETF 60.5 9 6 7.5 0.0
FLEE Franklin FTSE Europe ETF 60.2 9 6 7.2 -0.3
FLEH Franklin FTSE Europe Hedged ETF 60.2 9 6 7.3 -0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 60.0 30 -15 7.0 -0.4
IEUR iShares Core MSCI Europe ETF 60.0 9 6 7.5 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 59.6 45 -30 6.9 -0.6
FEU SPDR Portfolio Europe ETF 59.5 9 6 7.5 +0.0
IEFA iShares Core MSCI EAFE ETF 59.5 7 8 7.4 -0.0
IEV iShares Europe ETF 58.7 59 -44 7.0 -0.4
VGK Vanguard FTSE Europe ETF 58.3 8 7 7.5 +0.0
JHMD John Hancock Multifactor Developed International ETF 57.6 45 -30 7.6 +0.1
SCHF Schwab International Equity ETF 57.5 6 9 7.5 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 57.5 14 1 7.1 -0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 57.0 30 -15 6.9 -0.5
EFG iShares MSCI EAFE Growth ETF 55.5 40 -25 4.8 -2.7
IDEV iShares Core MSCI International Developed Markets ETF 54.3 5 10 7.4 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 53.6 4 11 7.4 -0.1
DOL WisdomTree International LargeCap Dividend Fund 52.8 48 -33 8.7 +1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 52.7 16 -1 7.2 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 52.2 45 -30 9.1 +1.6
DWM WisdomTree International Equity Fund 51.8 48 -33 8.4 +0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 51.2 35 -20 8.7 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 51.1 25 -10 8.9 +1.4
VEA Vanguard FTSE Developed Markets ETF 50.3 5 10 7.6 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 49.5 25 -10 6.9 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 49.0 25 -10 6.9 -0.5
CWI SPDR MSCI ACWI ex-US ETF 48.7 30 -15 7.8 +0.3
PDEV Principal International Multi-Factor Core Index ETF 46.4 25 -10 8.0 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 46.4 39 -24 6.8 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 45.9 32 -17 7.6 +0.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 45.6 48 -33 0.0 -7.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 44.8 40 -25 7.5 +0.1
EFV iShares MSCI EAFE Value ETF 43.2 39 -24 10.3 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 42.9 8 7 7.9 +0.4
VSGX Vanguard ESG International Stock ETF 42.3 17 -2 7.5 +0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 41.3 30 -15 6.3 -1.1
IDY Pacific Global International Equity Income ETF 41.1 39 -24 8.2 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 40.9 45 -30 6.8 -0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 40.6 83 -68 6.4 -1.0
VYMI Vanguard International High Dividend Yield ETF 40.5 32 -17 10.4 +2.9
IQIN IQ 500 International ETF 40.3 25 -10 9.2 +1.7
IXUS ishares Core MSCI Total International Stock ETF 40.1 9 6 7.7 +0.2
ISDX Invesco Strategic Developed ex-US ETF 39.5 23 -8 7.6 +0.1
VXUS Vanguard Total International Stock Index Fund 38.8 8 7 7.8 +0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 38.0 30 -15 5.0 -2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 37.5 39 -24 9.2 +1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 37.5 30 -15 7.1 -0.4
VPL Vanguard FTSE Pacific ETF 34.5 8 7 7.9 +0.4
IPAC iShares Core MSCI Pacific ETF 34.3 9 6 7.5 +0.1
TPIF Timothy Plan International ETF 33.7 62 -47 7.1 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 32.8 40 -25 7.0 -0.4
RNDM Developed International Equity Select ETF 31.7 65 -50 6.5 -1.0
RFEU First Trust Riverfront Dynamic Europe ETF 31.6 83 -68 5.1 -2.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.5 29 -14 8.2 +0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.4 20 -5 5.9 -1.5
JPEU JPMorgan Diversified Return Europe Equity ETF 30.9 37 -22 7.0 -0.5
IGRO iShares International Dividend Growth ETF 30.6 22 -7 8.2 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.4 45 -30 6.9 -0.5
FDEV Fidelity Targeted International Factor ETF 30.4 39 -24 6.7 -0.8
AVDE Avantis International Equity ETF 30.2 23 -8 8.0 +0.6
EZU iShares MSCI Eurozone ETF 30.2 49 -34 7.0 -0.5
RBIN Nationwide Risk-Based International Equity ETF 30.2 42 -27 6.5 -1.0
EURZ Xtrackers Eurozone Equity ETF 30.0 9 6 7.3 -0.2
SCID Global X Scientific Beta Europe ETF 29.8 38 -23 7.1 -0.4
EUMV iShares Edge MSCI Min Vol Europe ETF 29.7 25 -10 5.6 -1.8
OEUR O'shares FTSE Europe Quality Dividend ETF 29.1 48 -33 6.7 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 29.0 29 -14 5.5 -2.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 28.8 24 -9 7.3 -0.1
QINT American Century Quality Diversified International ETF 28.5 39 -24 6.0 -1.5
DTH WisdomTree DEFA Equity Income Fund 28.0 58 -43 9.8 +2.3
IDMO Invesco S&P International Developed Momentum ETF 27.4 25 -10 4.7 -2.7
FIVA Fidelity International Value Factor ETF 26.6 39 -24 10.4 +3.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 26.4 42 -27 5.7 -1.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 26.2 45 -30 6.9 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.7 29 -14 8.8 +1.4
IVLU iShares Edge MSCI Intl Value Factor ETF 25.2 30 -15 11.4 +4.0
JPGE JPMorgan Diversified Return Global Equity ETF 24.8 29 -14 7.4 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 24.7 32 -17 6.6 -0.9
JPIN JPMorgan Diversified Return International Equity ETF 24.7 38 -23 8.0 +0.6
VIGI Vanguard International Dividend Appreciation ETF 24.6 25 -10 6.0 -1.5
BBJP JPMorgan BetaBuilders Japan ETF 24.1 19 -4 7.7 +0.2
EWJ iShares MSCI Japan ETF 24.0 49 -34 7.4 -0.1
FLJP Franklin FTSE Japan ETF 24.0 9 6 7.8 +0.4
FLJH Franklin FTSE Japan Hedged ETF 24.0 9 6 7.7 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 24.0 30 -15 7.6 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 23.8 45 -30 7.4 -0.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.7 35 -20 8.7 +1.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.7 25 -10 7.6 +0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 23.6 14 1 8.0 +0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.2 45 -30 7.3 -0.2
JPXN iShares JPX-Nikkei 400 ETF 23.0 48 -33 7.5 +0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 22.8 9 6 7.9 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 22.7 30 -15 6.1 -1.3

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

  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:
IQ Candriam ESG International Equity 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 10.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.5 %
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.