IEV
iShares Europe ETF
The iShares S&P Europe 350 Index fund seeks investment results that correspond to the price and yield performance of Standard & Poor's Europe 350 Index. The index consists primarily of large cap stocks traded in Europe's developed-country equity markets.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 25, 2000 |
| Assets (mns) | $1,605 |
| Expense ratio | 67 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NESTLE SA-REG | 3.1 % |
| ASML HOLDING NV | 2.8 % |
| SHELL PLC | 2.2 % |
| LVMH MOET HENNESSY LOUIS VUI | 2.1 % |
| NOVARTIS AG | 2.1 % |
| ASTRAZENECA PLC | 2.0 % |
| ROCHE HOLDING LTD | 1.9 % |
| TOTAL SA | 1.6 % |
| SAP AG | 1.6 % |
| HSBC HOLDINGS PLC | 1.5 % |
Constituent Breakdown
| Number of holdings | 362 |
| Herfindahl-Hirschman Index | 93 |
| Wgt avg mkt cap (mns) | $87,163 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 7.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 21.6 % |
 |
FRANCE | 16.5 % |
 |
SWITZERLAND | 15.7 % |
 |
GERMANY | 12.7 % |
 |
NETHERLANDS | 8.0 % |
 |
SWEDEN | 4.2 % |
 |
SPAIN | 4.1 % |
 |
ITALY | 3.5 % |
 |
DENMARK | 1.8 % |
 |
FINLAND | 1.8 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 14.3% | 12.0% | 1.8% | 6.3% | 7.0% | 3.8% | 4.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 75% |
| MSCI EAFE | 1.09 | 94% |
| MSCI Emg Mkts | 0.81 | 57% |
Liquidity Measures
| Avg. volume (000) | 381 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $16,365 |
Technical Indicators
| Recent close | $50.64 |
| 30d moving avg. | $47.11 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 48 |
| 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. IEV |
Expenses vs. IEV |
ALTAR Score™ vs. IEV |
|---|---|---|---|---|
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 89.0% | -21 bp | +0.4% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 84.4% | -58 bp | +0.6% |
| IEUR | iShares Core MSCI Europe ETF | 81.5% | -58 bp | +0.6% |
| VGK | Vanguard FTSE Europe ETF | 79.5% | -56 bp | +0.6% |
| FLEE | Franklin FTSE Europe ETF | 77.7% | -58 bp | +0.7% |
| SPEU | SPDR Portfolio Europe ETF | 77.1% | -60 bp | +0.5% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 68.2% | -42 bp | +1.3% |
| EFA | iShares MSCI EAFE ETF | 59.6% | -35 bp | +0.2% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 57.9% | -47 bp | -0.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 57.8% | -31 bp | +0.3% |
Risk and Returns: IEV 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 11/30/2023
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
IEV
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™
IEV
6.0%
Cat. Avg
6.9%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.0% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 261 funds in the International Equities category, with an average ALTAR Score™
of 6.9% and a standard deviation of
2.5%. IEV's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places IEV in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IEV
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) |
|
|---|---|---|---|
| IEV | 67.0 | 2.1 | 69.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .