iShares International Developed Property ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.7x P/Sales
ratio
3.2x
P/BV
ratio
0.9x Div.
yield
3.8%


  • 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 Aug 03, 2007
Assets (mns) $86
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 334
Wgt avg mkt cap (mns) $8,607
Large cap (>$10bn) 34.5%
Mid cap ($2-10bn) 52.5%
Small cap (<$2bn) 12.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEUTSCHE ANNINGTON IMMOBILIE 4.4 %
MITSUBISHI ESTATE CO LTD 3.1 %
MITSUI FUDOSAN CO LTD 2.6 %
SUN HUNG KAI PROPERTIES 2.4 %
DAIWA HOUSE INDUSTRY CO LTD 2.3 %
GOODMAN GROUP 2.3 %
DEUTSCHE WOHNEN AG 2.3 %
LINK REIT 2.2 %
CK ASSET HOLDINGS LIMITED 1.9 %
SUMITOMO REALTY & DEVELOPMNT 1.9 %
Total 25.4 %

TOP COUNTRY EXPOSURE
JAPAN 25.7 %
HONG KONG 11.8 %
AUSTRALIA 9.9 %
GERMANY 8.9 %
SINGAPORE 7.2 %
BRITAIN 6.6 %
SWEDEN 3.0 %
SWITZERLAND 2.4 %
FRANCE 2.4 %
CANADA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.7% -14.4% -0.2% 5.9% 0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.76 56%
MSCI EAFE 0.93 71%
MSCI Emg. Mkts. 0.74 69%

Technical Indicators
Recent close $31.85
30d moving avg. $29.32
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.4%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $2,890

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.8%


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 72.9 48 0 7.6 -0.1
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 66.5 10 38 9.1 +1.3
VNQI Vanguard Global ex-US Real Estate Index Fund 65.8 12 36 9.9 +2.2
RWX SPDR Dow Jones International Real Estate ETF 51.0 59 -11 6.8 -1.0
DRW WisdomTree Global ex-US Real Estate Fund 49.6 58 -10 10.6 +2.9
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 39.3 60 -12 7.1 -0.6
RWO SPDR Dow Jones Global Real Estate ETF 37.7 50 -2 7.0 -0.8
GQRE FlexShares Global Quality Real Estate Index Fund 28.7 45 3 7.5 -0.3
IFEU iShares Europe Development Real Estate ETF 28.0 48 0 6.5 -1.2
REET iShares Global REIT ETF 26.2 14 34 7.3 -0.5
SCIX Global X Scientific Beta Asia ex-Japan ETF 15.7 38 10 6.6 -1.2
DWX SPDR S&P International Dividend ETF 12.4 45 3 7.7 -0.0
FLHK Franklin FTSE Hong Kong ETF 11.8 9 39 9.0 +1.2
EPP iShares MSCI Pacific ex-Japan ETF 11.7 48 0 6.8 -1.0
EWH iShares MSCI Hong Kong ETF 10.9 49 -1 7.7 -0.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.5 19 29 7.0 -0.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 9.2 24 24 7.2 -0.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 9.1 30 18 7.4 -0.4
SCZ iShares MSCI Eafe Small-Cap ETF 9.0 40 8 6.5 -1.2
ZHOK SPDR Solactive Hong Kong ETF 8.8 14 34 7.6 -0.2
IEUS iShares MSCI Europe Small-Cap ETF 8.7 40 8 6.8 -0.9
FHK First Trust Hong Kong AlphaDEX Fund 8.5 80 -32 10.5 +2.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.1 35 13 8.6 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.4 80 -32 8.1 +0.4
SCHC Schwab International Small-Cap Equity ETF 7.3 12 36 6.9 -0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 7.2 20 28 5.9 -1.9
EWA iShares MSCI Australia ETF 7.0 50 -2 6.1 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.0 80 -32 6.0 -1.7
FLAU Franklin FTSE Australia ETF 6.9 9 39 6.5 -1.3
IPAC iShares Core MSCI Pacific ETF 6.6 9 39 7.5 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 6.5 45 3 7.2 -0.6
JPMV iShares Edge MSCI Min Vol Japan ETF 6.5 30 18 6.9 -0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 6.4 55 -7 5.8 -2.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 6.3 29 19 8.1 +0.3
SCIJ Global X Scientific Beta Japan ETF 6.2 39 9 7.2 -0.6
OEUR O'shares FTSE Europe Quality Dividend ETF 6.2 48 0 6.6 -1.2
RNDM Developed International Equity Select ETF 6.1 65 -17 6.4 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 6.0 25 23 6.9 -0.9
SCID Global X Scientific Beta Europe ETF 6.0 38 10 6.9 -0.9
SCJ iShares MSCI Japan Small-Cap ETF 5.9 47 1 6.5 -1.3
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 5.7 40 8 8.5 +0.8
FEUZ First Trust Eurozone AlphaDEX ETF 5.7 80 -32 7.8 0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 5.7 30 18 6.9 -0.8
DDEZ WisdomTree Europe Multifactor Fund 5.6 43 5 7.2 -0.6
INTF iShares Edge MSCI Multifactor Intl ETF 5.6 30 18 8.3 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.6 49 -1 6.9 -0.9
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 5.3 11 37 6.3 -1.5
FLGR Franklin FTSE Germany ETF 5.3 9 39 7.3 -0.5
FDEV Fidelity Targeted International Factor ETF 5.3 39 9 6.5 -1.3
GWX SPDR S&P International Small Cap ETF 5.0 40 8 5.8 -2.0
FGM First Trust Germany AlphaDEX Fund 4.9 80 -32 6.9 -0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 4.9 25 23 5.5 -2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.8 29 19 8.6 +0.9
FDT First Trust Developed Markets ex-US Alphadex Fund 4.8 80 -32 7.8 +0.0
WWJD Inspire International ESG ETF 4.8 80 -32 7.6 -0.1
DIM WisdomTree International MidCap Dividend Fund 4.7 58 -10 7.6 -0.1
EWG iShares MSCI Germany ETF 4.7 49 -1 7.1 -0.7
EWJE iShares MSCI Japan Equal Weighted ETF 4.6 15 33 7.1 -0.7
VPL Vanguard FTSE Pacific ETF 4.6 8 40 7.8 +0.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.6 45 3 7.3 -0.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 4.6 83 -35 7.1 -0.7
QDEU SPDR MSCI Germany Quality Mix ETF 4.4 14 34 7.6 -0.2
FAUS First Trust Australia AlphaDEX Fund 4.4 80 -32 7.3 -0.5
EWS iShares MSCI Singapore ETF 4.4 50 -2 8.6 +0.9
FEP First Trust Europe AlphaDEX Fund 4.2 80 -32 7.9 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.2 39 9 6.7 -1.1
DWMF WisdomTree International Multifactor Fund 4.1 38 10 6.8 -0.9
FNDC Schwab Fundamental International Small Co. Index ETF 4.1 39 9 7.1 -0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.0 25 23 7.6 -0.2
IEFA iShares Core MSCI EAFE ETF 4.0 7 41 7.3 -0.5
JHMD John Hancock Multifactor Developed International ETF 4.0 45 3 7.4 -0.3
BBJP JPMorgan BetaBuilders Japan ETF 3.9 19 29 7.7 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 3.9 32 16 6.5 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 3.9 38 10 8.0 +0.2
EFV iShares MSCI EAFE Value ETF 3.9 39 9 10.0 +2.3
TPIF Timothy Plan International ETF 3.8 62 -14 7.0 -0.8
EWJ iShares MSCI Japan ETF 3.6 49 -1 7.4 -0.3
FIVA Fidelity International Value Factor ETF 3.5 39 9 10.2 +2.4
EWUS iShares MSCI United Kingdom Small Cap ETF 3.5 59 -11 8.1 +0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.5 45 3 7.4 -0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 3.5 30 18 6.8 -1.0
FID First Trust S&P International Dividend Aristocrats ETF 3.4 60 -12 9.6 +1.9
WDIV SPDR Global Dividend ETF 3.4 40 8 9.5 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 3.4 5 43 7.3 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 3.4 4 44 7.2 -0.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.3 29 19 12.2 +4.4
FIDI Fidelity International High Dividend ETF 3.3 39 9 10.8 +3.1
SMEZ SPDR EURO STOXX Small Cap ETF 3.3 45 3 5.4 -2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.3 20 28 7.3 -0.5
EWJV iShares MSCI Japan Value ETF 3.3 15 33 10.8 +3.1
SDG iShares Sustainable MSCI Global Impact ETF 3.3 49 -1 6.1 -1.7
IDMO Invesco S&P International Developed Momentum ETF 3.3 25 23 4.7 -3.1
JPEU JPMorgan Diversified Return Europe Equity ETF 3.3 37 11 6.8 -1.0
QJPN SPDR MSCI Japan StrategicFactors ETF 3.1 14 34 8.0 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 3.0 30 18 11.3 +3.5
VEA Vanguard FTSE Developed Markets ETF 3.0 5 43 7.4 -0.3
EFA iShares MSCI EAFE ETF 3.0 32 16 7.2 -0.6
IDY Pacific Global International Equity Income ETF 3.0 39 9 8.0 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.0 39 9 9.1 +1.3

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

  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

Content on this tab for subscribers only

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 7.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.