IEUR
iShares Core MSCI Europe ETF
The iShares Core MSCI Europe ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of European region developed market large, mid and small capitalization equities.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
4.7 B
ASSETS UNDER MGMT
11 bp
EXPENSES
Fund Basics
Fund sponsor | BlackRock Fund Advisors |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Jun 10, 2014 |
Assets (mns) | $4,667 |
Expense ratio | 11 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
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 +
NOVO NORDISK A/S-B | 2.9 % |
ASML HOLDING NV | 2.6 % |
NESTLE SA-REG | 2.0 % |
SAP AG | 1.8 % |
ASTRAZENECA PLC | 1.8 % |
NOVARTIS AG | 1.8 % |
ROCHE HOLDING LTD | 1.7 % |
LVMH MOET HENNESSY LOUIS VUI | 1.7 % |
SHELL PLC | 1.6 % |
HSBC HOLDINGS PLC | 1.3 % |
Constituent Breakdown
Number of holdings | 1011 |
Herfindahl-Hirschman Index | 68 |
Wgt avg mkt cap (mns) | $107,171 |
Large cap (>$10bn) | 85.8% |
Mid cap ($2-10bn) | 12.0% |
Small cap (<$2bn) | 1.9% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.0% |
Country Exposure
BRITAIN | 22.9 % | |
FRANCE | 15.1 % | |
SWITZERLAND | 15.1 % | |
GERMANY | 12.8 % | |
NETHERLANDS | 7.5 % | |
SWEDEN | 5.3 % | |
DENMARK | 5.0 % | |
SPAIN | 4.2 % | |
ITALY | 4.0 % | |
FINLAND | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 8.9% | 21.9% | 25.6% | 4.9% | 8.2% | 5.6% | 4.6% | Volatility | 12.8% | 13.4% | 18.1% | 18.4% | 21.5% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 75% |
MSCI EAFE | 1.11 | 96% |
MSCI Emg Mkts | 0.89 | 60% |
Liquidity Measures
Avg. volume (000) | 467 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $29,430 |
Technical Indicators
Recent close | $59.76 |
30d moving avg. | $59.78 |
Annualized volatility | 19.9% |
Relative strength (RSI) | 52 |
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. IEUR |
Expenses vs. IEUR |
ALTAR Score™ vs. IEUR |
---|---|---|---|---|
SPEU | SPDR Portfolio Europe ETF | 92.3% | -4 bp | +0.0% |
VGK | Vanguard FTSE Europe ETF | 92.2% | 0 bp | +0.0% |
IEV | iShares Europe ETF | 85.5% | +56 bp | -0.5% |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 81.7% | +35 bp | -0.5% |
BBEU | JPMorgan BetaBuilders Europe ETF | 80.2% | -2 bp | +0.1% |
FLEE | Franklin FTSE Europe ETF | 79.6% | -2 bp | +0.1% |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 65.9% | +14 bp | +0.1% |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 65.3% | +9 bp | -0.1% |
EFA | iShares MSCI EAFE ETF | 65.2% | +24 bp | +0.3% |
IEFA | iShares Core MSCI EAFE ETF | 61.6% | -4 bp | +0.5% |
Risk and Returns: IEUR 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 10/4/2024
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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
IEUR
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 Rating
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™
IEUR
6.7%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. IEUR's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places IEUR in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IEURSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based International Equity ETFs |
# of ETFs | 152 |
Avg. Expense Ratio | 42.9 bp |
Std. Deviation | 24.3 bp |
IEUR (11 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
IEUR | 11.0 | 2.0 | 13 |
Peer Avg. | 35.4 | 18.9 | 54.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .