iShares International Developed Property ETF
ALTAR
Score™
7.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.3x P/Sales
ratio
3.3x
P/BV
ratio
0.9x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Developed ex-U.S. Property Index Fund seeks investment performance that corresponds with the price and yield of the S&P Developed Ex-US Property Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 30, 2007
Assets (mns) $73
Currency USD
Expense ratio 48 bp
Distributions Quarterly

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 381
Wgt avg mkt cap (mns) $10,340
Large cap (>$10bn) 36.5%
Mid cap ($2-10bn) 50.0%
Small cap (<$2bn) 11.3%
Developed mkts 99.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
DEUTSCHE ANNINGTON IMMOBILIE 4.8 %
MITSUBISHI ESTATE CO LTD 2.8 %
GOODMAN GROUP 2.8 %
SUN HUNG KAI PROPERTIES 2.5 %
DAIWA HOUSE INDUSTRY CO LTD 2.3 %
MITSUI FUDOSAN CO LTD 2.3 %
DEUTSCHE WOHNEN AG 2.3 %
LINK REIT 2.1 %
SEGRO PLC 1.9 %
SUMITOMO REALTY & DEVELOPMNT 1.9 %
Total 25.6 %

TOP COUNTRY EXPOSURE
JAPAN 23.9 %
HONG KONG 11.8 %
AUSTRALIA 10.5 %
GERMANY 9.4 %
SINGAPORE 7.2 %
BRITAIN 6.3 %
SWEDEN 3.2 %
SWITZERLAND 2.3 %
FRANCE 2.1 %
CANADA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -8.9% 3.3% 5.7% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.76 57%
MSCI EAFE 0.93 71%
MSCI Emg. Mkts. 0.69 63%

Technical Indicators
Recent close $31.53
30d moving avg. $32.00
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 190
Turnover 8.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $87

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares International Developed Property ETF ETF based on the alternatives' overlap in portfolio holdings with WPS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WPS Expense: 48 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WPS
Ticker Fund
Name
Overlap1
vs WPS
(%)
Expense
ratio
(bp)
Savings
vs WPS
(bp)
ALTAR
Score™
(%)
ALTAR
vs WPS
(%)
IFGL iShares International Developed Real Estate ETF 73.2 48 0 7.6 -0.1
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 68.9 10 38 9.1 +1.4
VNQI Vanguard Global ex-US Real Estate Index Fund 64.2 12 36 10.2 +2.4
RWX SPDR Dow Jones International Real Estate ETF 52.1 59 -11 6.7 -1.1
DRW WisdomTree Global ex-US Real Estate Fund 50.2 58 -10 10.9 +3.2
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 40.8 60 -12 7.2 -0.5
RWO SPDR Dow Jones Global Real Estate ETF 35.1 50 -2 7.1 -0.7
IFEU iShares Europe Development Real Estate ETF 28.6 48 0 6.8 -1.0
REET iShares Global REIT ETF 27.3 14 34 7.4 -0.3
GQRE FlexShares Global Quality Real Estate Index Fund 26.5 45 3 6.5 -1.2
SCIX Global X Scientific Beta Asia ex-Japan ETF 14.6 38 10 6.8 -1.0
FLHK Franklin FTSE Hong Kong ETF 11.7 9 39 8.2 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 11.4 48 0 6.6 -1.2
DWX SPDR S&P International Dividend ETF 11.3 45 3 7.7 -0.0
EWH iShares MSCI Hong Kong ETF 10.7 49 -1 7.0 -0.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.1 19 29 6.9 -0.9
SCZ iShares MSCI Eafe Small-Cap ETF 8.6 40 8 6.9 -0.8
ZHOK SPDR Solactive Hong Kong ETF 8.4 14 34 6.9 -0.8
IEUS iShares MSCI Europe Small-Cap ETF 8.4 40 8 7.6 -0.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 7.9 35 13 8.5 +0.8
SCHC Schwab International Small-Cap Equity ETF 7.7 11 37 6.6 -1.2
SCID Global X Scientific Beta Europe ETF 7.3 39 9 6.5 -1.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 7.2 30 18 8.6 +0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.2 45 3 7.0 -0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.1 24 24 6.9 -0.8
FLAU Franklin FTSE Australia ETF 7.0 9 39 6.7 -1.1
EWA iShares MSCI Australia ETF 6.9 50 -2 6.2 -1.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.7 80 -32 7.6 -0.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.7 80 -32 6.5 -1.2
IPAC iShares Core MSCI Pacific ETF 6.4 9 39 7.0 -0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 6.2 30 18 7.1 -0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 6.2 29 19 7.5 -0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 6.2 48 0 6.7 -1.0
RNDM Developed International Equity Select ETF 6.0 65 -17 6.3 -1.5
EWJE iShares MSCI Japan Equal Weighted ETF 5.8 15 33 7.0 -0.7
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 5.7 40 8 8.4 +0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.6 49 -1 6.3 -1.5
EWJV iShares MSCI Japan Value ETF 5.6 15 33 10.0 +2.3
FEUZ First Trust Eurozone AlphaDEX ETF 5.6 80 -32 7.5 -0.2
SCIJ Global X Scientific Beta Japan ETF 5.5 40 8 6.8 -0.9
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 5.4 11 37 6.6 -1.2
GWX SPDR S&P International Small Cap ETF 5.4 40 8 6.3 -1.4
FLGR Franklin FTSE Germany ETF 5.3 9 39 7.1 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 5.2 29 19 7.6 -0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 5.1 80 -32 7.3 -0.5
EWG iShares MSCI Germany ETF 5.1 49 -1 6.8 -1.0
SCJ iShares MSCI Japan Small-Cap ETF 5.0 49 -1 6.0 -1.7
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.9 45 3 6.8 -0.9
FAUS First Trust Australia AlphaDEX Fund 4.6 80 -32 6.0 -1.7
QDEU SPDR MSCI Germany Quality Mix ETF 4.5 14 34 7.3 -0.4
FEP First Trust Europe AlphaDEX Fund 4.5 80 -32 7.3 -0.4
VPL Vanguard FTSE Pacific ETF 4.5 8 40 7.4 -0.3
DAX Global X DAX Germany ETF 4.5 21 27 7.3 -0.4
SMEZ SPDR EURO STOXX Small Cap ETF 4.4 45 3 6.1 -1.6
WWJD Inspire International ESG ETF 4.3 80 -32 7.3 -0.4
FDEV Fidelity Targeted International Factor ETF 4.3 39 9 6.4 -1.4
EFV iShares MSCI EAFE Value ETF 4.3 39 9 9.7 +2.0
EWS iShares MSCI Singapore ETF 4.2 50 -2 8.7 +1.0
FNDC Schwab Fundamental International Small Co. Index ETF 4.1 39 9 7.0 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 4.1 20 28 9.7 +2.0
DIM WisdomTree International MidCap Dividend Fund 4.0 58 -10 7.6 -0.2
EWUS iShares MSCI United Kingdom Small Cap ETF 4.0 59 -11 8.5 +0.8
FID First Trust S&P International Dividend Aristocrats ETF 4.0 60 -12 10.0 +2.3
WDIV SPDR Global Dividend ETF 4.0 40 8 9.9 +2.2
IEFA iShares Core MSCI EAFE ETF 3.9 7 41 7.2 -0.5
TPIF Timothy Plan International ETF 3.8 62 -14 6.2 -1.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 3.8 20 28 5.4 -2.3
SDG iShares Sustainable MSCI Global Impact ETF 3.8 49 -1 6.3 -1.4
BBJP JPMorgan BetaBuilders Japan ETF 3.8 19 29 7.2 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.8 39 9 6.5 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 3.6 37 11 7.8 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.6 39 9 8.3 +0.6
MVIN Natixis Seeyond International Minimum Volatility ETF 3.6 56 -8 5.5 -2.2
IDLV Invesco S&P International Developed Low Volatility ETF 3.6 25 23 6.6 -1.2
EWJ iShares MSCI Japan ETF 3.5 49 -1 6.9 -0.9
IGRO iShares International Dividend Growth ETF 3.5 22 26 8.0 +0.3
FGM First Trust Germany AlphaDEX Fund 3.5 80 -32 6.0 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 3.5 5 43 7.2 -0.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.5 45 3 6.9 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 3.5 40 8 6.7 -1.0
DVYA iShares Asia/Pacific Dividend ETF 3.4 49 -1 13.5 +5.8
SPDW SPDR Portfolio Developed World ex-US ETF 3.4 4 44 7.1 -0.7
FHK First Trust Hong Kong AlphaDEX Fund 3.3 80 -32 9.0 +1.3
QJPN SPDR MSCI Japan StrategicFactors ETF 3.3 14 34 7.3 -0.4
INTF iShares Edge MSCI Multifactor Intl ETF 3.3 30 18 7.7 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.3 20 28 7.0 -0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -2 6.1 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 3.1 20 28 7.3 -0.5
VEA Vanguard FTSE Developed Markets ETF 3.1 5 43 7.3 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.1 14 34 6.8 -0.9
EFA iShares MSCI EAFE ETF 3.1 32 16 7.0 -0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 3.1 20 28 7.4 -0.3
IQSI IQ Candriam ESG International Equity ETF 3.1 15 33 7.3 -0.4
JHMD John Hancock Multifactor Developed International ETF 3.0 39 9 7.3 -0.4
VSGX Vanguard ESG International Stock ETF 3.0 17 31 7.1 -0.6
FIDI Fidelity International High Dividend ETF 3.0 39 9 11.5 +3.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 3.0 45 3 6.6 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 3.0 45 3 6.6 -1.1

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 International Developed Property 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 6.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.57
 
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.