EWU
iShares MSCI United Kingdom ETF
The iShares MSCI United Kingdom Index fund seeks investment results that correspond to the price and yield performance of the MSCI UK Index. The index consists primarily of large cap stocks traded in the British market.
International
EQUITY
Passive
MANAGEMENT STYLE
50 bp
EXPENSES
$2.9 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 12, 1996 |
| Assets (mns) | $2,880 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ASTRAZENECA PLC | 9.6 % |
| SHELL PLC | 9.1 % |
| HSBC HOLDINGS PLC | 6.4 % |
| UNILEVER PLC | 5.8 % |
| BP PLC | 4.0 % |
| REED ELSEVIER PLC | 3.3 % |
| GSK PLC | 3.2 % |
| DIAGEO PLC | 2.8 % |
| RIO TINTO PLC | 2.8 % |
| BRITISH AMERICAN TOBACCO PLC | 2.6 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 374 |
| Wgt avg mkt cap (mns) | $101,164 |
| Large cap (>$10bn) | 93.4% |
| Mid cap ($2-10bn) | 6.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 93.5 % |
 |
IRELAND | 3.3 % |
 |
SWITZERLAND | 2.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.0% | 7.6% | 9.7% | 4.9% | 4.4% | 1.6% | 4.9% | Volatility | 12.2% | 12.8% | 17.0% | 17.1% | 21.9% | 19.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 55% |
| MSCI EAFE | 0.86 | 84% |
| MSCI Emg Mkts | 0.69 | 55% |
Liquidity Measures
| Avg. volume (000) | 1,004 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $4,255 |
Technical Indicators
| Recent close | $35.51 |
| 30d moving avg. | $35.39 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 3.4% |
| 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. EWU |
Expenses vs. EWU |
ALTAR Score™ vs. EWU |
|---|---|---|---|---|
| FLGB | Franklin FTSE United Kingdom ETF | 83.4% | -41 bp | +0.3% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 39.4% | +30 bp | -0.8% |
| IEV | iShares Europe ETF | 23.1% | +17 bp | -1.8% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 20.9% | -41 bp | -1.0% |
| IEUR | iShares Core MSCI Europe ETF | 20.1% | -39 bp | -1.3% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 19.9% | -4 bp | -1.4% |
| RFEU | First Trust Riverfront Dynamic Europe ETF | 19.9% | +33 bp | +0.9% |
| FLEE | Franklin FTSE Europe ETF | 19.5% | -41 bp | -1.0% |
| EUFN | iShares MSCI Europe Financials ETF | 19.4% | +1 bp | +0.1% |
| VGK | Vanguard FTSE Europe ETF | 19.3% | -39 bp | -1.3% |
Risk and Returns: EWU 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
EWU
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™
EWU
7.9%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.9% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. EWU's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places EWU in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EWU
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| EWU (50 bp) Percentile rank | 70 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EWU | 50.0 | 3.2 | 53.2 |
| Peer Avg. | 43.8 | 19.3 | 63.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .