IQ Candriam ESG International Equity ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.2x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
2.5%


  • 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 16, 2019
Assets (mns) $151
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 650
Wgt avg mkt cap (mns) $74,016
Large cap (>$10bn) 88.0%
Mid cap ($2-10bn) 11.1%
Small cap (<$2bn) 0.2%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
NESTLE SA-REG 2.7 %
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
ASML HOLDING NV 2.0 %
TOYOTA MOTOR CORP 1.4 %
AIA GROUP LTD 1.3 %
UNILEVER PLC 1.2 %
ASTRAZENECA PLC 1.1 %
SIEMENS AG-REG 1.1 %
SAP AG 1.1 %
SONY CORP 1.0 %
Total 14.9 %

TOP COUNTRY EXPOSURE
JAPAN 25.0 %
BRITAIN 13.7 %
GERMANY 9.0 %
FRANCE 8.9 %
SWITZERLAND 8.4 %
AUSTRALIA 7.0 %
NETHERLANDS 4.8 %
SWEDEN 3.5 %
HONG KONG 3.4 %
SPAIN 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.5% -- -- -- 13.5%

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

Technical Indicators
Recent close $28.04
30d moving avg. $27.61
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $50,724

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.4%


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
(%)
DFAI Dimensional International Core Equity Market ETF 85.6 18 -3 6.4 -0.0
GSID Goldman Sachs MarketBeta International Equity ETF 73.4 20 -5 6.3 -0.1
EFA iShares MSCI EAFE ETF 71.6 32 -17 6.2 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 71.2 20 -5 6.4 -0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 70.4 35 -20 6.1 -0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 68.2 20 -5 6.2 -0.2
BKIE BNY Mellon International Equity ETF 67.3 4 11 6.6 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 67.0 20 -5 6.4 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 64.5 7 8 6.5 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 63.9 35 -20 6.0 -0.4
IEFA iShares Core MSCI EAFE ETF 62.0 7 8 6.5 +0.1
JHMD John Hancock Multifactor Developed International ETF 60.6 39 -24 6.6 +0.2
FLEE Franklin FTSE Europe ETF 60.4 9 6 6.5 +0.1
FLEH Franklin FTSE Europe Hedged ETF 60.4 9 6 6.5 +0.1
IEUR iShares Core MSCI Europe ETF 59.9 9 6 6.6 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 59.8 9 6 6.7 +0.3
SCHF Schwab International Equity ETF 59.2 6 9 6.5 +0.1
SPEU SPDR Portfolio Europe ETF 58.9 9 6 6.8 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 58.8 45 -30 6.0 -0.4
VGK Vanguard FTSE Europe ETF 58.8 8 7 6.8 +0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 57.5 30 -15 6.0 -0.4
IEV iShares Europe ETF 57.3 59 -44 6.3 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 56.9 12 3 6.2 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 56.1 5 10 6.5 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 55.2 14 1 6.1 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 53.2 45 -30 7.7 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 53.0 4 11 6.2 -0.2
VEA Vanguard FTSE Developed Markets ETF 52.3 5 10 6.6 +0.2
VSGX Vanguard ESG International Stock ETF 52.3 17 -2 6.3 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 51.2 40 -25 7.2 +0.8
PDEV Principal International Multi-Factor Core Index ETF 50.7 25 -10 7.1 +0.7
EFG iShares MSCI EAFE Growth ETF 50.4 40 -25 4.1 -2.4
DWM WisdomTree International Equity Fund 50.2 48 -33 7.2 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 50.2 25 -10 6.0 -0.4
DOL WisdomTree International LargeCap Dividend Fund 49.6 48 -33 7.2 +0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 49.3 16 -1 6.0 -0.5
EFV iShares MSCI EAFE Value ETF 49.1 39 -24 8.4 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 49.0 25 -10 7.7 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 48.1 39 -24 5.6 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 47.0 25 -10 5.9 -0.5
RESD WisdomTree International ESG Fund 46.8 30 -15 6.5 +0.1
CWI SPDR MSCI ACWI ex-US ETF 45.3 30 -15 6.2 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 44.6 32 -17 6.3 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 44.1 40 -25 6.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 42.6 8 7 6.7 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 41.9 45 -30 6.4 -0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 41.8 45 -30 6.4 -0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 41.1 30 -15 5.2 -1.2
ISZE iShares Edge MSCI Intl Size Factor ETF 40.3 30 -15 6.3 -0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 39.8 23 -8 6.3 -0.1
IQIN IQ 500 International ETF 39.5 25 -10 7.7 +1.3
IXUS ishares Core MSCI Total International Stock ETF 39.1 9 6 6.4 +0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 38.3 39 -24 7.4 +1.0
VPL Vanguard FTSE Pacific ETF 36.4 8 7 6.4 -0.0
IPAC iShares Core MSCI Pacific ETF 36.2 9 6 6.3 -0.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 36.2 29 -14 7.1 +0.7
VYMI Vanguard International High Dividend Yield ETF 35.6 27 -12 9.0 +2.6
AVDE Avantis International Equity ETF 35.1 23 -8 6.9 +0.5
TPIF Timothy Plan International ETF 35.0 62 -47 6.1 -0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 34.9 30 -15 4.1 -2.3
NUDM Nuveen ESG International Developed Markets Equity ETF 32.9 40 -25 5.9 -0.5
RBIN Nationwide Risk-Based International Equity ETF 32.6 42 -27 6.0 -0.4
VXUS Vanguard Total International Stock ETF 32.1 8 7 6.6 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 31.4 30 -15 10.0 +3.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.7 45 -30 6.0 -0.4
EURZ Xtrackers Eurozone Equity ETF 30.4 9 6 6.6 +0.2
EZU iShares MSCI Eurozone ETF 30.3 51 -36 6.0 -0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 29.8 24 -9 6.5 +0.1
RNDM First Trust Developed International Equity Select ETF 29.2 65 -50 5.7 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 28.7 58 -43 6.5 +0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 28.7 20 -5 5.0 -1.5
JPIN JPMorgan Diversified Return International Equity ETF 27.9 37 -22 7.0 +0.6
IDHQ Invesco S&P International Developed Quality ETF 27.5 29 -14 4.7 -1.7
VWID Virtus WMC International Dividend ETF 27.4 49 -34 7.4 +1.0
IDMO Invesco S&P International Developed Momentum ETF 26.7 26 -11 3.7 -2.8
FDEV Fidelity Targeted International Factor ETF 26.2 39 -24 6.2 -0.3
FIVA Fidelity International Value Factor ETF 26.0 39 -24 8.8 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 25.7 83 -68 5.1 -1.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 25.6 42 -27 4.6 -1.8
QINT American Century Quality Diversified International ETF 25.4 39 -24 5.7 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 25.1 30 -15 5.4 -1.0
FLJP Franklin FTSE Japan ETF 25.0 9 6 6.5 +0.1
FLJH Franklin FTSE Japan Hedged ETF 25.0 9 6 6.5 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 25.0 19 -4 6.4 -0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.8 45 -30 6.1 -0.4
EWJ iShares MSCI Japan ETF 24.8 51 -36 6.0 -0.4
ZJPN SPDR Solactive Japan ETF 24.8 14 1 6.5 +0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.5 25 -10 6.2 -0.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 24.3 45 -30 6.1 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 24.1 58 -43 5.7 -0.7
DTH WisdomTree International High Dividend Fund 24.0 58 -43 8.8 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 23.9 42 -27 5.9 -0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.7 32 -17 5.7 -0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.5 35 -20 7.7 +1.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.2 9 6 6.6 +0.2
JPXN iShares JPX-Nikkei 400 ETF 23.2 48 -33 6.2 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.1 29 -14 7.3 +0.9

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 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 10.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.54
 
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.