iShares MSCI Japan Small-Cap ETF
ALTAR
Score™
6.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.4x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Japan Small Cap Index Fund seeks investment results that correspond to the price and yield of the MSCI Japan Small Cap Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Dec 20, 2007
Assets (mns) $59
Currency USD
Expense ratio 49 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 974
Wgt avg mkt cap (mns) $1,367
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.4%
Small cap (<$2bn) 63.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADVANCE RESIDENCE INVESTMENT 0.6 %
YAMATAKE CORP 0.5 %
TAIYO YUDEN CO LTD 0.5 %
HASEKO CORP 0.5 %
ANRITSU CORP 0.5 %
CAPCOM CO LTD 0.5 %
COMSYS HOLDINGS CORP 0.5 %
NICHIREI CORP 0.5 %
NET ONE SYSTEMS CO LTD 0.5 %
IBIDEN CO LTD 0.4 %
Total 5.0 %

TOP COUNTRY EXPOSURE
JAPAN 77.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.5% 1.1% 4.9% 7.5% 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.75 68%
MSCI EAFE 0.80 69%
MSCI Emg. Mkts. 0.55 50%

Technical Indicators
Recent close $66.02
30d moving avg. $67.78
Annualized volatility 15.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.7%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $6,393

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Japan Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with SCJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCJ Expense: 49 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCJ
Ticker Fund
Name
Overlap1
vs SCJ
(%)
Expense
ratio
(bp)
Savings
vs SCJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCJ
(%)
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 51.7 58 -9 8.5 +1.9
DFJ WisdomTree Japan SmallCap Dividend Fund 51.6 58 -9 8.6 +1.9
GWX SPDR S&P International Small Cap ETF 25.9 40 9 6.8 +0.1
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 25.2 43 6 8.9 +2.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 24.7 49 0 6.8 +0.2
SCZ iShares MSCI Eafe Small-Cap ETF 24.6 40 9 7.4 +0.7
FNDC Schwab Fundamental International Small Co. Index ETF 24.0 39 10 7.5 +0.9
DLS WisdomTree International SmallCap Dividend Fund 21.8 58 -9 8.8 +2.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 20.2 35 14 6.9 +0.3
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 17.2 43 6 9.3 +2.6
AVDV Avantis International Small Cap Value ETF 16.6 36 13 7.8 +1.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 15.6 40 9 8.9 +2.2
SCHC Schwab International Small-Cap Equity ETF 14.2 11 38 7.0 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.8 39 10 8.6 +1.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 11.2 80 -31 10.9 +4.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 10.9 45 4 7.4 +0.7
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 10.4 11 38 7.0 +0.3
DXJ WisdomTree Japan Hedged Equity Fund 9.1 48 1 8.5 +1.8
IPAC iShares Core MSCI Pacific ETF 8.0 9 40 7.5 +0.8
VPL Vanguard FTSE Pacific ETF 7.6 8 41 7.9 +1.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 7.5 30 19 7.6 +0.9
FLJP Franklin FTSE Japan ETF 7.4 9 40 7.8 +1.2
FLJH Franklin FTSE Japan Hedged ETF 7.4 9 40 7.8 +1.2
KLDW Gavekal Knowledge Leaders Developed World ETF 6.1 75 -26 5.4 -1.2
IDLV Invesco S&P International Developed Low Volatility ETF 5.7 25 24 6.8 +0.1
SCIJ Global X Scientific Beta Japan ETF 5.7 40 9 7.2 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 5.6 37 12 8.1 +1.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 5.3 9 40 7.9 +1.2
WPS iShares International Developed Property ETF 5.2 48 1 8.0 +1.4
AVDE Avantis International Equity ETF 5.0 23 26 8.1 +1.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 5.0 24 25 7.4 +0.7
JPXN iShares JPX-Nikkei 400 ETF 5.0 48 1 7.5 +0.8
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 4.7 10 39 9.3 +2.6
IFGL iShares International Developed Real Estate ETF 4.7 48 1 7.7 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.4 39 10 6.8 +0.1
RWX SPDR Dow Jones International Real Estate ETF 4.4 59 -10 6.7 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 4.3 5 44 7.4 +0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 4.1 80 -31 7.7 +1.1
VNQI Vanguard Global ex-US Real Estate Index Fund 3.9 12 37 10.2 +3.5
IEFA iShares Core MSCI EAFE ETF 3.7 7 42 7.4 +0.8
JPGE JPMorgan Diversified Return Global Equity ETF 3.3 29 20 7.5 +0.8
DWM WisdomTree International Equity Fund 3.2 48 1 8.4 +1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.2 29 20 8.8 +2.2
FLM First Trust Global Engineering & Construction ETF 3.0 70 -21 9.2 +2.6
VEA Vanguard FTSE Developed Markets ETF 2.9 5 44 7.6 +1.0
RWO SPDR Dow Jones Global Real Estate ETF 2.8 50 -1 7.0 +0.4
REET iShares Global REIT ETF 2.7 14 35 7.4 +0.7
IXUS ishares Core MSCI Total International Stock ETF 2.6 9 40 7.6 +1.0
DWX SPDR S&P International Dividend ETF 2.4 45 4 8.1 +1.5
FJP First Trust Japan AlphaDEX Fund 2.4 80 -31 9.2 +2.6
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 2.4 60 -11 7.2 +0.6
BBJP JPMorgan BetaBuilders Japan ETF 2.3 19 30 7.7 +1.0
VXUS Vanguard Total International Stock Index Fund 2.2 8 41 7.8 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 4 45 7.3 +0.7
GQRE FlexShares Global Quality Real Estate Index Fund 2.1 45 4 6.9 +0.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 2.1 83 -34 5.4 -1.2
VIDI Vident International Equity Fund 2.1 59 -10 11.7 +5.0
RFDI First Trust Riverfront Dynamic Developed International ETF 2.0 83 -34 5.8 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 1.9 7 42 7.7 +1.1
SCHF Schwab International Equity ETF 1.7 6 43 7.5 +0.9
IVAL Alpha Architect International Quantitative Value ETF 1.7 59 -10 10.6 +4.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.6 29 20 12.5 +5.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.6 35 14 8.6 +2.0
IQIN IQ 500 International ETF 1.5 25 24 9.1 +2.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.5 58 -9 6.4 -0.3
IGRO iShares International Dividend Growth ETF 1.4 22 27 8.2 +1.5
FNDF Schwab Fundamental International Large Co. Index ETF 1.4 25 24 9.0 +2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.4 39 10 7.7 +1.0
IQDG WisdomTree International Quality Dividend Growth Fund 1.3 38 11 6.5 -0.2
VIGI Vanguard International Dividend Appreciation ETF 1.3 25 24 5.7 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 8 41 7.8 +1.2
GBUY Goldman Sachs Motif New Age Consumer ETF 1.3 50 -1 1.9 -4.7
ISDX Invesco Strategic Developed ex-US ETF 1.3 23 26 7.7 +1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 58 -9 8.0 +1.3
IPKW Invesco International BuyBack Achievers ETF 1.2 55 -6 8.8 +2.2
CROP IQ Global Agribusiness Small Cap ETF 1.2 76 -27 5.1 -1.6
DTH WisdomTree DEFA Equity Income Fund 1.2 58 -9 9.9 +3.2
GAMR ETFMG Video Game Tech ETF 1.2 75 -26 2.3 -4.3
QJPN SPDR MSCI Japan StrategicFactors ETF 1.2 14 35 7.9 +1.2
DIM WisdomTree International MidCap Dividend Fund 1.1 58 -9 7.9 +1.2
VSGX Vanguard ESG International Stock ETF 1.1 17 32 7.4 +0.8
DRW WisdomTree Global ex-US Real Estate Fund 1.1 58 -9 10.9 +4.3
IDHQ Invesco S&P International Developed Quality ETF 1.1 29 20 5.2 -1.5
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 -10 9.5 +2.9
IRBO iShares Robotics & Artificial Intelligence ETF 1.0 47 2 2.8 -3.9
VT Vanguard Total World Stock Index Fund 1.0 8 41 6.3 -0.4
BFIT Global X Health & Wellness Thematic ETF 0.9 50 -1 5.0 -1.6
FIDI Fidelity International High Dividend ETF 0.9 39 10 11.2 +4.5
HAP VanEck Vectors Natural Resources ETF 0.9 50 -1 6.4 -0.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 0.9 39 10 11.2 +4.6
ROBO Robo Global Robotics & Automation Index ETF 0.9 95 -46 3.6 -3.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.9 61 -12 5.1 -1.6
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 0.8 50 -1 4.1 -2.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 0.8 30 19 7.5 +0.8
HERO Global X Video Games & Esports ETF 0.8 50 -1 2.7 -3.9
IDRV iShares Self-driving EV & Tech ETF 0.8 47 2 7.3 +0.6
LNGR Global X Longevity Thematic ETF 0.8 50 -1 3.1 -3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 4 9.1 +2.4
CUT Invesco MSCI Global Timber ETF 0.8 61 -12 9.3 +2.7
IMOM Alpha Architect International Quantitative Momentum ETF 0.7 59 -10 3.4 -3.2

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:
iShares MSCI Japan Small-Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.