iShares MSCI Qatar ETF
ALTAR
Score™		 42.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.8x P/Sales
ratio		 2.9x
P/BV
ratio		 8.7x Div.
yield		 4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Qatar Capped ETF is an exchange traded-fund incorporated in the USA. The Fund seeks to track the investment results of a broad-based index composed of Qatar equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Apr 29, 2014
Assets (mns) $83
Currency USD
Expense ratio 59 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $14,603
Large cap (>$10bn) 48.1%
Mid cap ($2-10bn) 36.4%
Small cap (<$2bn) 15.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
QATAR NATIONAL BANK 22.4 %
QATAR ISLAMIC BANK 13.4 %
INDUSTRIES QATAR 7.3 %
QATAR GAS TRANSPORT(NAKILAT) 4.8 %
MASRAF AL RAYAN 4.2 %
COMMERCIAL BANK OF QATAR 4.2 %
QATAR NAVIGATION 4.1 %
OOREDOO Q.P.S.C 4.1 %
QATAR INTERNATIONAL ISLAMIC 3.9 %
QATAR FUEL CO 3.5 %
Total 72.0 %

TOP COUNTRY EXPOSURE
QATAR 98.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.6% 17.9% 6.9% 1.3% 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.59 45%
MSCI EAFE 0.38 19%
MSCI Emg. Mkts. 0.43 24%

Technical Indicators
Recent close $18.75
30d moving avg. $18.57
Annualized volatility 14.7%
Short interest (ETF) 0.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 93
Turnover 2.1%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $55

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 71 potential alternatives to the iShares MSCI Qatar ETF ETF based on the alternatives' overlap in portfolio holdings with QAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QAT Expense: 59 bp ALTAR Score™: 42.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QAT
Ticker Fund
Name		 Overlap1
vs QAT
(%)		 Expense
ratio
(bp)		 Savings
vs QAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs QAT
(%)
EELV Invesco S&P Emerging Markets Low Volatility ETF 4.8 29 30 8.6 -34.0
EMIF iShares Emerging Markets Infrastructure ETF 4.8 60 -1 6.8 -35.9
FTAG First Trust Indxx Global Agriculture ETF 4.0 70 -11 8.5 -34.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.4 40 19 7.3 -35.3
EDIV SPDR S&P Emerging Markets Dividend ETF 3.1 49 10 11.9 -30.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.3 25 34 6.5 -36.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.8 46 13 10.7 -32.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 15 10.9 -31.7
XCEM Columbia EM Core ex-China ETF 1.4 16 43 8.4 -34.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.3 59 0 12.3 -30.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 35 8.5 -34.1
XCNY SPDR S&P Emerging Markets ex-China ETF 1.1 15 44 7.7 -35.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.0 25 34 8.0 -34.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.0 30 29 10.2 -32.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 14 11.1 -31.6
ECON Columbia Emerging Markets Consumer ETF 1.0 49 10 13.3 -29.4
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 43 8.6 -34.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 44 8.6 -34.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 34 13.6 -29.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.9 15 44 10.9 -31.8
SCHE Schwab Emerging Markets Equity ETF 0.8 11 48 11.8 -30.8
STXE Strive Emerging Markets Ex-China ETF 0.8 32 27 8.0 -34.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 20 17.2 -25.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 18 7.2 -35.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.8 30 29 10.9 -31.8
VWO Vanguard FTSE Emerging Markets ETF 0.8 8 51 11.1 -31.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -7 10.5 -32.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 23 10.4 -32.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 12 5.3 -37.4
EEM iShares MSCI Emerging Markets ETF 0.7 69 -10 10.8 -31.8
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 50 11.0 -31.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 48 10.6 -32.0
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 52 11.0 -31.6
DFEV Dimensional Emerging Markets Value ETF 0.7 43 16 14.1 -28.6
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 42 14.0 -28.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 21 10.0 -32.7
SCHY Schwab International Dividend Equity ETF 0.7 14 45 9.6 -33.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 18 9.5 -33.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.6 36 23 8.2 -34.5
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 34 12.3 -30.3
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 24 10.2 -32.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.8 -34.8
NXTG First Trust Indxx NextG ETF 0.6 70 -11 5.6 -37.0
DVYE iShares Emerging Markets Dividend ETF 0.6 49 10 18.7 -24.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -6 8.3 -34.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 9 11.9 -30.8
VYMI Vanguard International High Dividend Yield ETF 0.5 22 37 9.8 -32.9
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 34 10.7 -31.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 24 20.9 -21.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 47 8.2 -34.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 26 10.7 -32.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 41 8.0 -34.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 18 7.8 -34.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.2 88 -29 9.8 -32.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 8.3 -34.3
VSGX Vanguard ESG International Stock ETF 0.2 12 47 8.0 -34.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 25 7.9 -34.7
VXUS Vanguard Total International Stock ETF 0.2 7 52 8.2 -34.5
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 52 8.1 -34.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 39 5.8 -36.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 29 8.3 -34.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 30 6.8 -35.8
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 7.9 -34.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 6.0 -36.7
GLOF iShares Global Equity Factor ETF 0.1 20 39 6.9 -35.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 20 14.1 -28.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 52 7.0 -35.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 5.3 -37.3
VT Vanguard Total World Stock ETF 0.1 7 52 6.2 -36.4
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.9 -36.8
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 8.7 -33.9

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

  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

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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 MSCI Qatar ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 325.1 %
Divided by: Fwd. P/BV 7.5 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 42.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.61
 
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.