iShares MSCI China ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.0x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI China Index Fund seeks to track the performance of the MSCI China Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Mar 29, 2011
Assets (mns) $5,771
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 603
Wgt avg mkt cap (mns) $271,947
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 12.6%
Small cap (<$2bn) 0.4%
Developed mkts 21.8%
Emerging mkts 78.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 19.5 %
TENCENT HOLDINGS LTD 14.5 %
MEITUAN DIANPING 4.4 %
CHINA CONSTRUCTION BANK-H 2.4 %
JD.COM INC-ADR 2.4 %
PING AN INSURANCE GROUP CO-H 2.4 %
CHINA MOBILE LIMITED 1.5 %
NETEASE.COM INC-ADR 1.5 %
BAIDU INC - SPON ADR 1.3 %
IND & COMM BK OF CHINA - H 1.2 %
Total 51.1 %

TOP COUNTRY EXPOSURE
CHINA 90.3 %
HONG KONG 10.2 %
SINGAPORE 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.5% 35.8% 13.2% -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.87 50%
MSCI EAFE 0.94 49%
MSCI Emg. Mkts. 0.88 68%

Technical Indicators
Recent close $71.60
30d moving avg. $74.29
Annualized volatility 21.6%
Short interest (ETF) 7.6%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 3,463
Turnover 4.3%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $16,097

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MCHI Expense: 59 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MCHI
Ticker Fund
Name
Overlap1
vs MCHI
(%)
Expense
ratio
(bp)
Savings
vs MCHI
(bp)
ALTAR
Score™
(%)
ALTAR
vs MCHI
(%)
FLCH Franklin FTSE China ETF 92.3 19 40 8.7 +0.5
GXC SPDR S&P China ETF 85.8 59 0 8.5 +0.3
BKF iShares MSCI BRIC ETF 70.9 69 -10 7.8 -0.4
KALL KraneShares FTSE Emerging Markets Plus ETF 66.5 49 10 8.4 +0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 60.4 32 27 6.2 -2.0
CN Xtrackers MSCI All China Equity ETF 59.0 50 9 8.5 +0.3
CHIL Global X MSCI China Large-Cap 50 ETF 53.5 29 30 8.1 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 48.5 50 9 7.9 -0.3
GMF SPDR S&P Emerging Asia Pacific ETF 48.4 49 10 7.6 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 45.9 68 -9 7.3 -0.8
SCHE Schwab Emerging Markets Equity ETF 44.8 11 48 8.2 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 44.3 19 40 8.0 -0.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 42.1 15 44 9.0 +0.8
EEM iShares MSCI Emerging Markets ETF 41.5 68 -9 7.7 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.2 65 -6 7.7 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 41.1 30 29 8.0 -0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 40.4 20 39 7.0 -1.1
VWO Vanguard FTSE Emerging Markets ETF 39.6 10 49 8.3 +0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 38.4 32 27 6.1 -2.1
SPEM SPDR Portfolio Emerging Markets ETF 38.2 11 48 8.2 +0.1
IEMG iShares Core MSCI Emerging Markets ETF 37.4 13 46 8.2 +0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 36.4 36 23 7.8 -0.4
KWEB KraneShares CSI China Internet ETF 34.6 76 -17 2.0 -6.1
ESGE iShares ESG MSCI EM ETF 34.6 25 34 8.9 +0.7
FXI iShares China Large-Cap ETF 33.9 74 -15 14.3 +6.1
JHEM John Hancock Multifactor Emerging Markets ETF 32.7 49 10 8.9 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 32.6 11 48 8.7 +0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 32.3 45 14 7.8 -0.3
AIA iShares Asia 50 ETF 31.3 50 9 8.3 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 31.3 45 14 7.2 -1.0
FDNI First Trust Dow Jones International Internet ETF 31.0 65 -6 2.2 -5.9
AVEM Avantis Emerging Markets Equity ETF 30.8 33 26 9.3 +1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 30.6 95 -36 8.5 +0.3
DVEM WisdomTree Emerging Markets Dividend Fund 30.4 32 27 7.5 -0.6
ISEM Invesco Strategic Emerging Markets ETF 29.9 35 24 11.2 +3.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 29.7 86 -27 2.3 -5.9
PXH Invesco FTSE RAFI Emerging Markets ETF 29.6 50 9 14.1 +5.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 29.4 18 41 5.6 -2.6
ECON Columbia Emerging Markets Consumer ETF 28.8 59 0 4.7 -3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 28.3 30 29 9.0 +0.9
TTTN UP Fintech China-U.S. Internet Titans ETF 27.8 59 0 4.3 -3.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.1 40 19 7.5 -0.7
CHIQ Global X China Consumer ETF 25.0 65 -6 7.6 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 21.6 48 11 9.8 +1.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.5 25 34 8.1 -0.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.2 39 20 13.7 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.1 59 0 11.5 +3.4
FNI First Trust Chindia ETF 20.1 60 -1 2.7 -5.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 20.0 45 14 9.3 +1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.8 32 27 9.3 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.7 49 10 8.1 -0.0
CQQQ Invesco China Technology ETF 19.6 70 -11 4.1 -4.1
BICK First Trust BICK Index Fund 19.5 64 -5 4.7 -3.5
PGJ Invesco Golden Dragon China ETF 19.5 70 -11 3.4 -4.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 19.4 45 14 8.9 +0.7
GBUY Goldman Sachs Motif New Age Consumer ETF 18.6 50 9 1.8 -6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 16.9 29 30 6.6 -1.6
OGIG O'Shares Global Internet Giants ETF 16.7 48 11 0.8 -7.4
DINT Davis Select International ETF 16.7 68 -9 6.2 -2.0
CHIC Global X Nasdaq China Technology ETF 15.9 66 -7 4.3 -3.9
PNQI Invesco NASDAQ Internet ETF 15.1 60 -1 1.0 -7.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.0 44 15 9.2 +1.1
PEK VanEck Vectors ChinaAMC CSI 300 ETF 14.9 60 -1 7.3 -0.8
PIE Invesco DWA Emerging Markets Momentum ETF 14.6 90 -31 5.1 -3.1
ROAM Hartford Multifactor Emerging Markets ETF 14.5 44 15 13.6 +5.4
DWLD Davis Select Worldwide ETF 14.4 63 -4 6.8 -1.4
GIGE SoFi Gig Economy ETF 13.8 59 0 -0.7 -8.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 13.6 50 9 10.8 +2.7
CHIX Global X China Financials ETF 13.6 66 -7 21.0 +12.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.5 45 14 14.9 +6.8
DEM WisdomTree Emerging Markets High Dividend Fund 13.0 63 -4 15.5 +7.4
FCA First Trust China AlphaDEX Fund 12.8 80 -21 15.4 +7.2
BUYZ Franklin Disruptive Commerce ETF 12.7 50 9 -0.2 -8.3
FPXI First Trust International Equity Opportunities ETF 12.6 70 -11 3.3 -4.9
VSGX Vanguard ESG International Stock ETF 12.6 17 42 7.2 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 12.4 32 27 7.4 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 12.3 16 43 7.0 -1.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.3 60 -1 4.5 -3.6
SOCL Global X Social Media ETF 12.0 65 -6 1.8 -6.3
ASHX Xtrackers MSCI China A Inclusion Equity ETF 12.0 60 -1 6.9 -1.2
KBA KraneShares Bosera MSCI China A Share ETF 12.0 60 -1 6.9 -1.3
CNYA iShares MSCI China A ETF 12.0 60 -1 6.8 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.0 40 19 7.1 -1.0
RNEM Emerging Markets Equity Select ETF 11.7 75 -16 12.4 +4.3
CWI SPDR MSCI ACWI ex-US ETF 11.6 30 29 7.3 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 11.0 8 51 7.7 -0.5
JOYY Infusive Compounding Global Equities ETF 10.8 50 9 6.2 -2.0
ACWF iShares FactorSelect MSCI Global ETF 10.7 35 24 8.2 0.0
AIQ Global X Future Analytics Tech ETF 10.7 68 -9 4.2 -4.0
IXUS ishares Core MSCI Total International Stock ETF 10.6 9 50 7.5 -0.7
GENY Principal Millennials Index ETF 10.5 45 14 4.2 -4.0
IXP iShares Global Comm Services ETF 10.2 46 13 5.9 -2.3
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 10.2 65 -6 7.2 -0.9
WUGI Esoterica NextG Economy ETF 10.0 75 -16 1.6 -6.6
EBIZ Global X E-Commerce ETF 9.9 50 9 2.7 -5.5
VXUS Vanguard Total International Stock Index Fund 9.7 8 51 7.6 -0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.6 20 39 11.7 +3.5
ESPO VanEck Vectors Video Gaming & eSports ETF 9.4 55 4 2.7 -5.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 9.3 68 -9 3.8 -4.4

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:
iShares MSCI China 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 14.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.23 CATEGORY
AVERAGE
1.44
 
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.