iShares MSCI UAE ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 8.9x P/Sales
ratio		 2.5x
P/BV
ratio		 0.0x Div.
yield		 4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI UAE 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 UAE equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Apr 29, 2014
Assets (mns) $141
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 55
Wgt avg mkt cap (mns) $11,437
Large cap (>$10bn) 77.4%
Mid cap ($2-10bn) 7.2%
Small cap (<$2bn) 11.1%
Developed mkts 0.0%
Emerging mkts 95.2%

TOP TEN HOLDINGS
INFRACAP EQUITY INCOME FUND ETF 22.3 %
EMAAR PROPERTIES PJSC 11.1 %
NATIONAL BANK OF ABU DHABI 8.9 %
EMIRATES TELECOMMUNICATIONS GROUP 7.9 %
EMIRATES NBD PJSC 5.8 %
DUBAI ISLAMIC BANK 3.5 %
ABU DHABI COMMERCIAL BANK 3.3 %
ABU DHABI ISLAMIC BANK 3.3 %
ADNOC GAS PLC 3.3 %
ALDAR PROPERTIES PJSC 3.0 %
Total 72.4 %

TOP COUNTRY EXPOSURE
UAE 63.0 %
ABU DHABI 2.5 %
BRITAIN 0.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 28)
Year-to-date 1 year 5 years 10 years Since Incep.
12.9% 19.5% 12.9% 5.4% 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.56 34%
MSCI EAFE 0.55 23%
MSCI Emg. Mkts. 0.46 19%

Technical Indicators
Recent close $18.58
30d moving avg. $19.36
Annualized volatility 14.7%
Short interest (ETF) 11.7%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 189
Turnover 2.5%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $281

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 94 potential alternatives to the iShares MSCI UAE ETF ETF based on the alternatives' overlap in portfolio holdings with UAE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: UAE Expense: 59 bp ALTAR Score™: 0.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH UAE
Ticker Fund
Name		 Overlap1
vs UAE
(%)		 Expense
ratio
(bp)		 Savings
vs UAE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs UAE
(%)
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.3 25 34 6.4 +6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 4.2 29 30 7.5 +7.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.4 12 47 8.2 +8.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.4 44 15 10.4 +10.4
EMM Global X Emerging Markets ex-China ETF 3.2 75 -16 7.1 +7.1
ECON Columbia Emerging Markets Consumer ETF 2.8 49 10 11.6 +11.6
MEM Matthews Emerging Markets Equity Active ETF 2.8 79 -20 7.3 +7.3
XCEM Columbia EM Core ex-China ETF 2.8 16 43 7.6 +7.6
EMC Global X Emerging Markets Great Consumer ETF 2.7 75 -16 7.4 +7.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.6 29 30 8.8 +8.8
EMXF iShares ESG Advanced MSCI EM ETF 2.6 16 43 7.9 +7.9
EWX SPDR S&P Emerging Markets Small Cap ETF 2.5 65 -6 7.8 +7.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.5 30 29 9.0 +9.0
EMIF iShares Emerging Markets Infrastructure ETF 2.5 60 -1 4.5 +4.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.4 40 19 6.7 +6.7
EDIV SPDR S&P Emerging Markets Dividend ETF 2.4 49 10 9.3 +9.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 -6 8.1 +8.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.2 88 -29 7.9 +7.9
STXE Strive Emerging Markets Ex-China ETF 2.1 32 27 7.3 +7.3
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 44 7.2 +7.2
EMGF iShares Emerging Markets Equity Factor ETF 2.0 25 34 10.7 +10.7
LDEM iShares ESG MSCI EM Leaders ETF 2.0 17 42 13.8 +13.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 34 6.9 +6.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.8 53 6 7.2 +7.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -8 14.7 +14.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 18 8.1 +8.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.7 15 44 7.4 +7.4
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 18 6.3 +6.3
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 52 10.3 +10.3
DFEV Dimensional Emerging Markets Value ETF 1.5 43 16 11.8 +11.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 24 16.1 +16.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.4 30 29 9.8 +9.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.4 45 14 9.5 +9.5
ESGE iShares ESG Aware MSCI EM ETF 1.4 25 34 9.3 +9.3
NUEM Nuveen ESG Emerging Markets Equity ETF 1.4 36 23 7.3 +7.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 48 9.2 +9.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -7 8.8 +8.8
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 24 8.5 +8.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.4 15 44 9.5 +9.5
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 52 10.1 +10.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 24 35 7.2 +7.2
EEM iShares MSCI Emerging Markets ETF 1.3 69 -10 9.4 +9.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 21 8.5 +8.5
SCHE Schwab Emerging Markets Equity ETF 1.3 11 48 10.4 +10.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.3 36 23 9.0 +9.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.3 59 0 8.5 +8.5
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -1 7.5 +7.5
DVYE iShares Emerging Markets Dividend ETF 1.2 49 10 17.8 +17.8
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 50 9.7 +9.7
WDIV SPDR S&P Global Dividend ETF 1.0 40 19 8.8 +8.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 9 10.2 +10.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 26 9.2 +9.2
CGV Conductor Global Equity Value ETF 0.9 130 -71 7.8 +7.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -20 7.8 +7.8
VYMI Vanguard International High Dividend Yield ETF 0.8 17 42 9.0 +9.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 20 15.3 +15.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.7 25 34 12.0 +12.0
JIVE JPMorgan International Value ETF 0.6 55 4 10.7 +10.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.4 +7.4
NXTG First Trust Indxx NextG ETF 0.5 70 -11 5.0 +5.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 39 5.9 +5.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 29 7.4 +7.4
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 29 7.5 +7.5
VSGX Vanguard ESG International Stock ETF 0.5 10 49 7.4 +7.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 25 7.3 +7.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 41 7.2 +7.2
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 52 7.5 +7.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 55 7.6 +7.6
VXUS Vanguard Total International Stock ETF 0.4 5 54 7.6 +7.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 18 7.1 +7.1
SCHY Schwab International Dividend Equity ETF 0.3 14 45 9.2 +9.2
GLOF iShares Global Equity Factor ETF 0.3 20 39 6.6 +6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.5 +5.5
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.3 +5.3
VT Vanguard Total World Stock ETF 0.1 6 53 5.7 +5.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 51 7.1 +7.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.6 +5.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 5.1 +5.1
VGK Vanguard FTSE Europe ETF 0.0 6 53 7.2 +7.2
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 6.8 +6.8
TMFG Motley Fool Global Opportunities ETF 0.0 85 -26 4.0 +4.0
IEUR iShares Core MSCI Europe ETF 0.0 11 48 7.0 +7.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 52 6.7 +6.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 6.7 +6.7
EWU iShares MSCI United Kingdom ETF 0.0 50 9 7.8 +7.8
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 4.2 +4.2
EFA iShares MSCI EAFE ETF 0.0 35 24 6.4 +6.4
SCHF Schwab International Equity ETF 0.0 6 53 6.8 +6.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 20 7.5 +7.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 28 5.9 +5.9
JHMD John Hancock Multifactor Developed International ETF 0.0 39 20 7.1 +7.1
FLGB Franklin FTSE United Kingdom ETF 0.0 9 50 7.2 +7.2
FLEE Franklin FTSE Europe ETF 0.0 9 50 6.9 +6.9
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 50 7.0 +7.0

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

  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

Content on this tab for subscribers only

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 UAE 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 0.0 %
Divided by: Fwd. P/BV 0.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.64
 
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.