WPS
iShares International Developed Property ETF
iShares S&P Developed ex-U.S. Property Index Fund seeks investment performance that corresponds with the price and yield of the S&P Developed Ex-US Property Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
48 bp
EXPENSES
$29.7 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Barclays Global Fund Advisors |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Jul 30, 2007 |
Assets (mns) | $30 |
Expense ratio | 48 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
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 +
GOODMAN GROUP | 6.1 % |
MITSUI FUDOSAN CO LTD | 3.9 % |
DEUTSCHE ANNINGTON IMMOBILIE | 3.6 % |
MITSUBISHI ESTATE CO LTD | 3.2 % |
DAIWA HOUSE INDUSTRY CO LTD | 2.5 % |
SEGRO PLC | 2.2 % |
SUMITOMO REALTY & DEVELOPMNT | 2.2 % |
SUN HUNG KAI PROPERTIES | 1.9 % |
SCENTRE GROUP | 1.6 % |
LINK REIT | 1.5 % |
Constituent Breakdown
Number of holdings | 359 |
Herfindahl-Hirschman Index | 134 |
Wgt avg mkt cap (mns) | $9,096 |
Large cap (>$10bn) | 29.2% |
Mid cap ($2-10bn) | 51.5% |
Small cap (<$2bn) | 19.2% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.2% |
Country Exposure
JAPAN | 28.3 % | |
AUSTRALIA | 15.1 % | |
BRITAIN | 9.5 % | |
HONG KONG | 7.9 % | |
SINGAPORE | 7.3 % | |
GERMANY | 5.2 % | |
SWEDEN | 3.3 % | |
CANADA | 2.9 % | |
SWITZERLAND | 2.6 % | |
FRANCE | 2.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -6.6% | 5.4% | -2.0% | -8.6% | -3.4% | 0.1% | 0.5% | Volatility | 15.8% | 16.4% | 18.0% | 16.6% | 18.9% | 15.9% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.84 | 61% |
MSCI EAFE | 1.01 | 82% |
MSCI Emg Mkts | 0.82 | 56% |
Liquidity Measures
Avg. volume (000) | 12 |
Turnover | 1.1% |
Avg. Bid/Ask (% of price) | 0.37% |
ADV of underlying (mns) | $1,753 |
Technical Indicators
Recent close | $27.03 |
30d moving avg. | $26.85 |
Annualized volatility | 19.3% |
Relative strength (RSI) | 44 |
Short interest (ETF) | 0.0% |
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. WPS |
Expenses vs. WPS |
ALTAR Score™ vs. WPS |
---|---|---|---|---|
IFGL | iShares International Developed Real Estate ETF | 82.3% | 0 bp | -0.3% |
VNQI | Vanguard Global ex-U.S. Real Estate ETF | 72.6% | -36 bp | +1.0% |
HAUZ | DBX ETF Trust - Xtrackers International Real Estate ETF | 71.1% | -38 bp | +0.6% |
RWX | SPDR Dow Jones International Real Estate ETF | 51.4% | +11 bp | -0.4% |
ERET | iShares Environmentally Aware Real Estate ETF | 34.1% | -18 bp | -0.2% |
GQRE | FlexShares Global Quality Real Estate Index Fund | 25.4% | -3 bp | -0.5% |
RWO | SPDR Dow Jones Global Real Estate ETF | 25.4% | +2 bp | -0.7% |
REET | iShares Global REIT ETF | 24.8% | -34 bp | -0.4% |
AVRE | Avantis Real Estate ETF | 24.6% | -31 bp | -0.8% |
DFGR | Dimensional Global Real Estate ETF | 21.5% | -26 bp | -0.5% |
Risk and Returns: WPS 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
WPS
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™
WPS
7.0%
Cat. Avg
7.2%
Fund Category: International
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.0% |
Recommendation
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.
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%. WPS's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places WPS in the 46th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
WPS
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 |
WPS (48 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
WPS | 48.0 | 36.6 | 84.6 |
Peer Avg. | 42.8 | 31.4 | 74.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .