iShares MSCI Eafe Small-Cap ETF
ALTAR
Score™
7.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
2.6%


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

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Dec 10, 2007
Assets (mns) $8,351
Currency USD
Expense ratio 40 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 2333
Wgt avg mkt cap (mns) $1,958
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 54.0%
Small cap (<$2bn) 45.9%
Developed mkts 99.4%
Emerging mkts 0.4%

TOP TEN HOLDINGS
HELLOFRESH SE 0.4 %
ASM INTERNATIONAL N.V. 0.3 %
RIGHTMOVE PLC 0.3 %
EURONEXT NV 0.3 %
PENNON GROUP PLC 0.3 %
BECHTLE AG 0.3 %
VAT GROUP LTD 0.2 %
HOMESERVE PLC 0.2 %
IMCD N.V. 0.2 %
TECAN GROUP AG-REG 0.2 %
Total 2.7 %

TOP COUNTRY EXPOSURE
JAPAN 23.7 %
BRITAIN 12.5 %
AUSTRALIA 7.3 %
GERMANY 4.7 %
SWEDEN 4.6 %
SWITZERLAND 4.1 %
ITALY 2.6 %
NETHERLANDS 2.4 %
FRANCE 2.0 %
ISRAEL 1.7 %

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.
-13.0% -3.7% 3.7% 8.1% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 84%
MSCI EAFE 1.13 95%
MSCI Emg. Mkts. 0.83 80%

Technical Indicators
Recent close $54.09
30d moving avg. $54.58
Annualized volatility 18.3%
Short interest (ETF) 2.7%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1,996
Turnover 1.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $19,276

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares MSCI Eafe Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with SCZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCZ Expense: 40 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCZ
Ticker Fund
Name
Overlap1
vs SCZ
(%)
Expense
ratio
(bp)
Savings
vs SCZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCZ
(%)
IEUS iShares MSCI Europe Small-Cap ETF 45.1 40 0 8.0 +0.7
SCHC Schwab International Small-Cap Equity ETF 43.8 11 29 6.9 -0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 41.9 49 -9 6.8 -0.6
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 39.5 11 29 6.8 -0.5
FNDC Schwab Fundamental International Small Co. Index ETF 38.9 39 1 7.4 +0.1
GWX SPDR S&P International Small Cap ETF 32.7 40 0 6.7 -0.6
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 26.4 43 -3 8.9 +1.5
ISDS Invesco Strategic Developed ex-US Small Company ETF 26.3 35 5 6.8 -0.5
DLS WisdomTree International SmallCap Dividend Fund 24.1 58 -18 8.7 +1.4
SCJ iShares MSCI Japan Small-Cap ETF 23.7 49 -9 6.6 -0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 17.7 58 -18 8.5 +1.2
DFJ WisdomTree Japan SmallCap Dividend Fund 17.7 58 -18 8.5 +1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.7 39 1 8.5 +1.2
AVDV Avantis International Small Cap Value ETF 17.2 36 4 7.8 +0.4
SCID Global X Scientific Beta Europe ETF 16.9 39 1 6.5 -0.9
AVDE Avantis International Equity ETF 16.8 23 17 8.0 +0.6
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 16.0 40 0 8.8 +1.5
EWUS iShares MSCI United Kingdom Small Cap ETF 14.1 59 -19 8.7 +1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 13.7 24 16 7.3 -0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 13.6 45 -5 7.2 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.2 39 1 6.7 -0.7
IEFA iShares Core MSCI EAFE ETF 12.1 7 33 7.4 -0.0
IPAC iShares Core MSCI Pacific ETF 11.1 9 31 7.4 +0.1
VPL Vanguard FTSE Pacific ETF 10.8 8 32 7.8 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 10.7 5 35 7.3 -0.1
IEUR iShares Core MSCI Europe ETF 10.6 9 31 7.3 -0.1
DIM WisdomTree International MidCap Dividend Fund 10.3 58 -18 7.8 +0.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 10.0 58 -18 8.1 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.5 29 11 8.8 +1.4
VGK Vanguard FTSE Europe ETF 9.5 8 32 7.4 +0.1
VEA Vanguard FTSE Developed Markets ETF 9.2 5 35 7.5 +0.2
FEU SPDR Portfolio Europe ETF 9.0 9 31 7.4 +0.0
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 8.9 10 30 9.3 +1.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 8.8 80 -40 10.7 +3.3
WPS iShares International Developed Property ETF 8.5 48 -8 8.1 +0.8
VNQI Vanguard Global ex-US Real Estate Index Fund 8.4 12 28 10.1 +2.8
IXUS ishares Core MSCI Total International Stock ETF 8.1 9 31 7.4 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.9 45 -5 6.8 -0.6
FEP First Trust Europe AlphaDEX Fund 7.9 80 -40 7.7 +0.4
DFE WisdomTree Europe SmallCap Dividend Fund 7.8 58 -18 8.6 +1.2
DWM WisdomTree International Equity Fund 7.3 48 -8 8.3 +1.0
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 7.3 30 10 7.5 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 7.2 4 36 7.2 -0.1
JPIN JPMorgan Diversified Return International Equity ETF 7.2 37 3 8.1 +0.7
FLJH Franklin FTSE Japan Hedged ETF 7.1 9 31 7.8 +0.4
FLJP Franklin FTSE Japan ETF 7.1 9 31 7.7 +0.4
IFGL iShares International Developed Real Estate ETF 7.0 48 -8 7.8 +0.4
VXUS Vanguard Total International Stock Index Fund 6.9 8 32 7.6 +0.3
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 6.9 60 -20 7.4 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 6.7 48 -8 8.4 +1.1
FDT First Trust Developed Markets ex-US Alphadex Fund 6.6 80 -40 7.5 +0.2
DTH WisdomTree DEFA Equity Income Fund 5.9 58 -18 9.8 +2.4
JPEU JPMorgan Diversified Return Europe Equity ETF 5.8 37 3 7.0 -0.3
DRW WisdomTree Global ex-US Real Estate Fund 5.7 58 -18 10.8 +3.5
VSGX Vanguard ESG International Stock ETF 5.6 17 23 7.2 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.5 35 5 8.6 +1.2
IQDG WisdomTree International Quality Dividend Growth Fund 5.4 38 2 6.4 -1.0
SMEZ SPDR EURO STOXX Small Cap ETF 5.4 45 -5 6.3 -1.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.3 58 -18 6.1 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 5.3 50 -10 7.3 -0.1
RWX SPDR Dow Jones International Real Estate ETF 5.3 59 -19 6.8 -0.6
PDEV Principal International Multi-Factor Core Index ETF 5.3 25 15 8.0 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.2 58 -18 6.3 -1.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 5.2 9 31 7.8 +0.5
IGRO iShares International Dividend Growth ETF 5.1 22 18 8.1 +0.7
EWGS iShares MSCI Germany Small Cap ETF 5.1 59 -19 5.1 -2.2
FLGB Franklin FTSE United Kingdom ETF 4.9 9 31 7.7 +0.4
REET iShares Global REIT ETF 4.9 14 26 7.6 +0.3
JPXN iShares JPX-Nikkei 400 ETF 4.8 48 -8 7.4 +0.1
FEUZ First Trust Eurozone AlphaDEX ETF 4.8 80 -40 7.7 +0.4
RNDM Developed International Equity Select ETF 4.7 65 -25 6.4 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.7 7 33 7.6 +0.2
VIGI Vanguard International Dividend Appreciation ETF 4.5 25 15 5.6 -1.8
ISDX Invesco Strategic Developed ex-US ETF 4.4 23 17 7.6 +0.3
KLDW Gavekal Knowledge Leaders Developed World ETF 4.4 75 -35 5.4 -2.0
SCHF Schwab International Equity ETF 4.3 6 34 7.4 +0.1
IFEU iShares Europe Development Real Estate ETF 4.3 48 -8 6.4 -0.9
FKU First Trust United Kingdom AlphaDEX Fund 4.0 80 -40 9.4 +2.1
FNDF Schwab Fundamental International Large Co. Index ETF 3.9 25 15 8.9 +1.5
IQIN IQ 500 International ETF 3.8 25 15 9.0 +1.6
JPGE JPMorgan Diversified Return Global Equity ETF 3.8 29 11 7.5 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.5 45 -5 9.0 +1.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 3.4 30 10 6.8 -0.5
FLEH Franklin FTSE Europe Hedged ETF 3.4 9 31 7.1 -0.2
FLEE Franklin FTSE Europe ETF 3.4 9 31 7.0 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 3.3 45 -5 7.1 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.3 58 -18 7.8 +0.5
FLAU Franklin FTSE Australia ETF 3.3 9 31 6.9 -0.5
QINT American Century Quality Diversified International ETF 3.3 39 1 5.8 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 3.2 8 32 7.6 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 3.1 48 -8 6.6 -0.7
VIDI Vident International Equity Fund 3.1 59 -19 11.4 +4.1
VT Vanguard Total World Stock Index Fund 3.0 8 32 6.2 -1.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 -30 2.4 -5.0
RFDI First Trust Riverfront Dynamic Developed International ETF 2.8 83 -43 5.7 -1.7
FDEV Fidelity Targeted International Factor ETF 2.8 39 1 6.6 -0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.7 29 11 12.3 +4.9
SCIX Global X Scientific Beta Asia ex-Japan ETF 2.7 38 2 6.8 -0.5

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 Eafe Small-Cap 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 8.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.