CNYA
iShares MSCI China A ETF
The iShares MSCI China A ETF tracks a market-cap-weighted index of large- and midcap Chinese equity listed in Shanghai and Shenzhen.
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2016 |
| Assets (mns) | $318 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Value |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KWEICHOW MOUTAI CO LTD-A | 5.3 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 2.6 % |
| CHINA MERCHANTS BANK -A | 1.7 % |
| WULIANGYE YIBIN CO LTD-A | 1.7 % |
| PING AN INSURANCE (GROUP) COMPANY OF CHI | 1.4 % |
| CHINA YANGTZE POWER CO LTD-A | 1.4 % |
| BYD CO LTD -A | 1.2 % |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS | 0.9 % |
| INDUSTRIAL BANK CO LTD -A | 0.9 % |
| LUZHOU LAOJIAO CO LTD-A | 0.8 % |
Constituent Breakdown
| Number of holdings | 542 |
| Herfindahl-Hirschman Index | 78 |
| Wgt avg mkt cap (mns) | $12,027 |
| Large cap (>$10bn) | 41.6% |
| Mid cap ($2-10bn) | 23.0% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 3.3% |
| Emerging mkts. | 96.7% |
Country Exposure
 |
CHINA | 78.7 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -5.2% | -11.9% | -17.6% | 2.4% | 1.0% | -- | 4.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.35 | 7% |
| MSCI EAFE | 0.58 | 19% |
| MSCI Emg Mkts | 0.96 | 53% |
Liquidity Measures
| Avg. volume (000) | 65 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $20,547 |
Technical Indicators
| Recent close | $30.15 |
| 30d moving avg. | $31.26 |
| Annualized volatility | 24.1% |
| Relative strength (RSI) | 35 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CNYA |
Expenses vs. CNYA |
ALTAR Score™ vs. CNYA |
|---|---|---|---|---|
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 65.1% | +5 bp | +0.0% |
| KBA | KraneShares Bosera MSCI China A Share ETF | 37.6% | -4 bp | +1.7% |
| KALL | KraneShares MSCI All China Index ETF | 36.5% | -12 bp | +1.8% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 36.3% | +10 bp | +1.6% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 21.0% | -28 bp | -2.3% |
| TCHI | iShares MSCI China Multisector Tech ETF | 18.0% | -1 bp | -4.1% |
| RAYC | Rayliant Quantamental China Equity ETF | 16.1% | +20 bp | +1.3% |
| FLCH | Franklin FTSE China ETF | 14.3% | -41 bp | +1.9% |
| CHIX | Global X MSCI China Financials ETF | 13.7% | +5 bp | +14.3% |
| JCHI | JPMorgan Active China ETF | 13.5% | +5 bp | -0.9% |
Risk and Returns: CNYA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/2/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CNYA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CNYA
8.3%
Cat. Avg
7.6%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.3% |
Recommendation
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.
Category Overview
There are 187 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. CNYA's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places CNYA in the 56th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CNYA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CNYA | 60.0 | 9.4 | 69.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .