iShares MSCI Thailand ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 0.9x
P/BV
ratio		 1.7x Div.
yield		 5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Thailand Investable Market Index Fund seeks investment results that correspond to the performance of the MSCI Thailand Investable Market Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 26, 2008
Assets (mns) $189
Currency USD
Expense ratio 58 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 103
Wgt avg mkt cap (mns) $9,470
Large cap (>$10bn) 48.5%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 18.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
ADVANCED INFO SERVICE PUBLIC CO., 7.0 %
CP ALL PCL-NVDR 6.4 %
PTT PCL-NVDR 6.3 %
BANGKOK DUSIT MED SERVI-NVDR 5.8 %
DELTA ELECTRONICS THAI-NVDR 4.8 %
AIRPORTS OF THAILAND PC-NVDR 3.8 %
BUMRUNGRAD HOSPITAL PU-NVDR 3.7 %
PTT EXPLOR & PROD PCL-NVDR 3.4 %
GULF ENERGY DEVELOPMENT PUBLIC COM 3.0 %
SIAM CEMENT PCL-NVDR 2.9 %
Total 47.0 %

TOP COUNTRY EXPOSURE
THAILAND 91.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.1% -8.1% -3.0% -1.7% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.54 22%
MSCI EAFE 0.68 36%
MSCI Emg. Mkts. 0.83 54%

Technical Indicators
Recent close $52.41
30d moving avg. $53.89
Annualized volatility 19.6%
Short interest (ETF) 1.8%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 69
Turnover 1.9%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $583

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 102 potential alternatives to the iShares MSCI Thailand ETF ETF based on the alternatives' overlap in portfolio holdings with THD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: THD Expense: 58 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH THD
Ticker Fund
Name		 Overlap1
vs THD
(%)		 Expense
ratio
(bp)		 Savings
vs THD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs THD
(%)
ASEA Global X FTSE Southeast Asia ETF 15.6 65 -7 6.9 +1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.1 29 29 8.7 +3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 6.3 49 9 11.6 +6.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.9 25 33 6.5 +1.4
EMIF iShares Emerging Markets Infrastructure ETF 3.8 60 -2 7.9 +2.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.6 70 -12 7.8 +2.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 58 0 10.1 +5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 2.5 49 9 16.7 +11.6
DVYE iShares Emerging Markets Dividend ETF 2.4 49 9 18.9 +13.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.3 39 19 16.9 +11.8
XCNY SPDR S&P Emerging Markets ex-China ETF 2.0 15 43 0.0 -5.1
CRAK VanEck Oil Refiners ETF 2.0 61 -3 15.4 +10.3
EWX SPDR S&P Emerging Markets Small Cap ETF 2.0 65 -7 8.1 +3.0
LDEM iShares ESG MSCI EM Leaders ETF 1.9 17 41 12.9 +7.8
VIDI Vident International Equity Strategy ETF 1.8 61 -3 12.0 +6.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.8 90 -32 8.4 +3.3
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 42 8.4 +3.3
ESGE iShares ESG Aware MSCI EM ETF 1.6 25 33 10.7 +5.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.6 67 -9 13.3 +8.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.6 95 -37 13.1 +8.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 33 8.0 +2.9
SCHE Schwab Emerging Markets Equity ETF 1.5 11 47 11.6 +6.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 26 7.0 +1.9
EEMA iShares MSCI Emerging Markets Asia ETF 1.3 49 9 10.7 +5.6
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 49 10.9 +5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 1.3 48 10 7.8 +2.7
IDX VanEck Indonesia Index ETF 1.3 57 1 8.4 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -12 9.8 +4.7
DEM WisdomTree Emerging Markets High Dividend Fund 1.2 63 -5 13.6 +8.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 23 10.2 +5.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.1 10 48 7.5 +2.4
EEM iShares MSCI Emerging Markets ETF 1.1 69 -11 10.7 +5.6
CRUZ Defiance Hotel Airline and Cruise ETF 1.1 45 13 3.1 -2.0
MOO VanEck Agribusiness ETF 1.0 53 5 10.8 +5.7
EMC Global X Emerging Markets Great Consumer ETF 0.9 75 -17 8.5 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 28 10.6 +5.5
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 33 12.4 +7.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.8 35 23 21.6 +16.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 -1 13.7 +8.6
CUT Invesco MSCI Global Timber ETF 0.8 61 -3 9.1 +4.0
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 14 11.3 +6.2
DWX SPDR S&P International Dividend ETF 0.7 45 13 6.6 +1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 20 9.9 +4.8
AVEM Avantis Emerging Markets Equity ETF 0.7 33 25 9.7 +4.6
DFEV Dimensional Emerging Markets Value ETF 0.7 43 15 14.5 +9.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.6 41 17 6.5 +1.4
EMM Global X Emerging Markets ex-China ETF 0.6 75 -17 5.0 -0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 18 5.6 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 39 10.8 +5.7
SDIV Global X Superdividend ETF 0.5 58 0 13.9 +8.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 43 8.6 +3.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 22 11.2 +6.1
SCHY Schwab International Dividend Equity ETF 0.5 14 44 9.8 +4.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 47 11.8 +6.7
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -1 5.9 +0.8
XC WisdomTree Emerging Markets Ex-China Fund 0.5 32 26 5.5 +0.4
XCEM Columbia EM Core ex-China ETF 0.5 16 42 8.5 +3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 17 9.4 +4.3
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 19 8.8 +3.7
AVES Avantis Emerging Markets Value ETF 0.4 36 22 12.2 +7.1
WWJD Inspire International ETF 0.4 80 -22 7.6 +2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 13 11.0 +5.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 9 10.5 +5.4
RODE Hartford Multifactor Diversified International ETF 0.4 29 29 9.9 +4.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 38 7.6 +2.5
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 51 8.3 +3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 26 9.6 +4.5
FILL iShares MSCI Global Energy Producers ETF 0.4 39 19 11.4 +6.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 11 5.7 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 24 8.1 +3.0
IWTR iShares MSCI Water Management Multisector ETF 0.3 47 11 6.5 +1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 -8 10.2 +5.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.3 25 33 13.5 +8.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 34 8.3 +3.2
RNRG Global X Renewable Energy Producers ETF 0.3 66 -8 6.1 +1.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 11 5.8 +0.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 3 15.3 +10.2
BLES Inspire Global Hope ETF 0.2 61 -3 6.9 +1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 28 9.3 +4.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 9 10.0 +4.9
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 8 2.9 -2.2
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -31 4.5 -0.6
GLOF iShares Global Equity Factor ETF 0.1 20 38 7.0 +1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 40 8.1 +3.0
CGW Invesco S&P Global Water Index ETF 0.1 57 1 4.8 -0.3
ACWI iShares MSCI ACWI ETF 0.1 32 26 6.1 +1.0
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 50 10.9 +5.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 28 8.6 +3.5
IGRO iShares International Dividend Growth ETF 0.1 15 43 7.3 +2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 17 7.1 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 46 5.2 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 38 6.3 +1.2
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -4 2.5 -2.6
VYMI Vanguard International High Dividend Yield ETF 0.0 22 36 10.0 +4.9
DEW WisdomTree Global High Dividend Fund 0.0 58 0 7.7 +2.6
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 28 8.2 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 51 7.0 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 50 8.5 +3.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 49 6.0 +0.9
VT Vanguard Total World Stock ETF 0.0 7 51 6.4 +1.3
VSGX Vanguard ESG International Stock ETF 0.0 12 46 8.2 +3.1
VXUS Vanguard Total International Stock ETF 0.0 7 51 8.3 +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

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

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.50
 
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.