SCJ
iShares MSCI Japan Small-Cap ETF
iShares MSCI Japan Small Cap Index Fund seeks investment results that correspond to the price and yield of the MSCI Japan Small Cap Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
50 bp
EXPENSES
$115.0 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 20, 2007 |
| Assets (mns) | $115 |
| 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 +
| ISETAN MITSUKOSHI HOLDINGS L | 0.7 % |
| EBARA CORP | 0.7 % |
| SUMITOMO FORESTRY CO LTD | 0.7 % |
| KAWASAKI HEAVY INDUSTRIES | 0.7 % |
| TOYO SUISAN KAISHA LTD | 0.6 % |
| SOJITZ CORP | 0.6 % |
| IHI CORP | 0.5 % |
| MISUMI GROUP INC | 0.5 % |
| FUJIKURA LTD | 0.5 % |
| KOBE STEEL LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 857 |
| Herfindahl-Hirschman Index | 22 |
| Wgt avg mkt cap (mns) | $2,228 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 50.8% |
| Small cap (<$2bn) | 49.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 94.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -3.2% | 3.3% | 7.8% | -3.0% | 2.2% | 4.0% | 4.3% | Volatility | 13.0% | 13.5% | 14.8% | 15.0% | 17.5% | 16.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 44% |
| MSCI EAFE | 0.68 | 71% |
| MSCI Emg Mkts | 0.61 | 59% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $6,107 |
Technical Indicators
| Recent close | $71.87 |
| 30d moving avg. | $71.64 |
| Annualized volatility | 14.0% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 2.3% |
| 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. SCJ |
Expenses vs. SCJ |
ALTAR Score™ vs. SCJ |
|---|---|---|---|---|
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 36.6% | +8 bp | +0.9% |
| DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 36.6% | +8 bp | +1.2% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 32.0% | -10 bp | -0.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 27.1% | -1 bp | +0.1% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 27.0% | -11 bp | +0.6% |
| GWX | SPDR S&P International Small Cap ETF | 24.8% | -10 bp | -0.1% |
| DLS | WisdomTree International SmallCap Dividend Fund | 21.3% | +8 bp | +2.1% |
| AVDV | Avantis International Small Cap Value ETF | 17.9% | -14 bp | +1.4% |
| DFIS | Dimensional International Small Cap ETF | 16.7% | -11 bp | +0.1% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 15.1% | -2 bp | +1.8% |
Risk and Returns: SCJ 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
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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
SCJ
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™
SCJ
6.3%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.3% |
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 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. SCJ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places SCJ in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SCJ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| SCJ (50 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SCJ | 50.0 | 9.0 | 59 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .