KSA
iShares MSCI Saudi Arabia ETF
The iShares MSCI Saudi Arabia Capped ETF tracks a market cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
687.4 M
ASSETS UNDER MGMT
74 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 16, 2015 |
| Assets (mns) | $687 |
| Expense ratio | 74 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 +
| AL RAJHI BANK | 13.2 % |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) | 10.2 % |
| NATIONAL COMMERCIAL BANK CJSC | 7.2 % |
| SAUDI TELECOM CO. | 6.7 % |
| SAUDI BASIC INDUSTRIES CORP. | 3.9 % |
| SAUDI ARABIAN MINING CO. | 3.8 % |
| ACWA POWER | 3.7 % |
| RIYAD BANK | 3.4 % |
| ALINMA BANK | 2.8 % |
| SAUDI BRITISH BANK | 2.7 % |
Constituent Breakdown
| Number of holdings | 131 |
| Herfindahl-Hirschman Index | 478 |
| Wgt avg mkt cap (mns) | $205,839 |
| Large cap (>$10bn) | 69.4% |
| Mid cap ($2-10bn) | 19.1% |
| Small cap (<$2bn) | 5.2% |
| Developed mkts. | 94.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
SAUDI ARABIA | 93.2 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.1% | -4.4% | -2.1% | -6.4% | 7.5% | -- | -- | 4.2% |
| Dividend Yield | 0.0% | 1.4% | 2.0% | 1.8% | 2.0% | -- | -- | 2.1% |
| Total Returns | -6.1% | -3.0% | -0.1% | -4.6% | 9.5% | -- | -- | 6.3% | Ann. Volatility | 16.4% | 14.6% | 14.4% | 15.9% | 15.7% | -- | -- | 21.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 35% |
| MSCI EAFE | 0.52 | 29% |
| MSCI Emg Mkts | 0.36 | 14% |
Liquidity Measures
| Avg. volume (000) | 620 |
| ADV traded (mns) | $24 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| Recent close | $38.51 |
| 30d moving avg. | $39.50 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 42 |
| Short interest | 36.5% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FLSA | Franklin FTSE Saudi Arabia ETF | 84.3% | -35 bp | 0.0% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 11.3% | -45 bp | +8.6% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 6/9/2025
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
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
0.0%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. 's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KSASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (74 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 74.0 | 0.0 | 74 | |
| Peer Avg. | 61.5 | 44.6 | 106.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .