EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Emerging Markets Minimum Volatility Index.
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 18, 2011 |
| Assets (mns) | $4,350 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AGRICULTURAL BANK OF CHINA-H | 1.7 % |
| BHARTI AIRTEL LIMITED | 1.6 % |
| BANK OF CHINA LTD - H | 1.6 % |
| TAIWAN MOBILE CO. LTD. | 1.5 % |
| CHUNGHWA TELECOM CO., LTD | 1.5 % |
| SAUDI TELECOM CO. | 1.3 % |
| PRESIDENT CHAIN STORE CORP | 1.3 % |
| TATA CONSULTANCY SVS LTD | 1.3 % |
| FIRST FINANCIAL HOLDING CO | 1.3 % |
| AIRPORTS OF THAILAND PC-NVDR | 1.2 % |
Constituent Breakdown
| Number of holdings | 326 |
| Herfindahl-Hirschman Index | 64 |
| Wgt avg mkt cap (mns) | $57,743 |
| Large cap (>$10bn) | 67.0% |
| Mid cap ($2-10bn) | 32.8% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 2.5% |
| Emerging mkts. | 97.5% |
Country Exposure
 |
CHINA | 20.0 % |
 |
INDIA | 19.3 % |
 |
TAIWAN | 16.0 % |
 |
SAUDI ARABIA | 9.0 % |
 |
SOUTH KOREA | 7.1 % |
 |
THAILAND | 4.3 % |
 |
MALAYSIA | 4.1 % |
 |
UAE | 3.6 % |
 |
QATAR | 2.5 % |
 |
KUWAIT | 2.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.3% | 6.1% | -1.7% | -1.6% | 1.4% | 2.3% | 3.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.47 | 50% |
| MSCI EAFE | 0.60 | 75% |
| MSCI Emg Mkts | 0.63 | 89% |
Liquidity Measures
| Avg. volume (000) | 379 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $15,689 |
Technical Indicators
| Recent close | $55.77 |
| 30d moving avg. | $54.22 |
| Annualized volatility | 11.7% |
| Relative strength (RSI) | 67 |
| Short interest (ETF) | 0.4% |
| 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. EEMV |
Expenses vs. EEMV |
ALTAR Score™ vs. EEMV |
|---|---|---|---|---|
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 48.5% | +5 bp | +1.5% |
| QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 43.5% | +15 bp | +0.1% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 30.5% | +20 bp | +1.6% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 29.2% | +4 bp | +1.3% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 29.0% | -9 bp | +0.4% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 27.1% | 0 bp | -0.3% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 26.9% | +25 bp | +3.5% |
| EEM | iShares MSCI Emerging Markets ETF | 26.8% | +44 bp | -0.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 26.4% | +24 bp | +1.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 26.4% | -10 bp | +0.1% |
Risk and Returns: EEMV 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 4/25/2024
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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
EEMV
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™
EEMV
7.0%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. EEMV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places EEMV in the 42nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EEMV
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) |
|
|---|---|---|---|
| EEMV | 25.0 | 2.3 | 27.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .