iShares MSCI Poland ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 1.0x
P/BV
ratio		 1.6x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Poland Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of the MSCI Poland Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date May 25, 2010
Assets (mns) $754
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $14,132
Large cap (>$10bn) 54.0%
Mid cap ($2-10bn) 42.7%
Small cap (<$2bn) 3.3%
Developed mkts 3.7%
Emerging mkts 96.3%

TOP TEN HOLDINGS
PKO BANK POLSKI SA 15.1 %
POLSKI KONCERN NAFTOWY SA 14.7 %
ALLEGRO.EU SA 6.7 %
BANK PEKAO SA 6.7 %
POWSZECHNY ZAKLAD UBEZPIECZE 6.3 %
BANK ZACHODNI WBK SA 4.4 %
KGHM POLSKA MIEDZ S.A. 3.9 %
LPP SA 3.8 %
BRE BANK SA 3.3 %
BENEFIT SYSTEMS SA 2.7 %
Total 67.6 %

TOP COUNTRY EXPOSURE
POLAND 83.3 %
LUXEMBOURG 6.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.6% 40.5% 18.6% 12.4% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.05 34%
MSCI EAFE 1.11 57%
MSCI Emg. Mkts. 0.58 37%

Technical Indicators
Recent close $44.07
30d moving avg. $40.14
Annualized volatility 26.1%
Short interest (ETF) 5.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 326
Turnover 1.9%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 145 potential alternatives to the iShares MSCI Poland ETF ETF based on the alternatives' overlap in portfolio holdings with EPOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPOL Expense: 59 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPOL
Ticker Fund
Name		 Overlap1
vs EPOL
(%)		 Expense
ratio
(bp)		 Savings
vs EPOL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EPOL
(%)
FRDM Freedom 100 Emerging Markets ETF 9.2 49 10 5.4 -2.7
GVAL Cambria Global Value ETF 8.5 68 -9 8.3 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.7 58 1 9.1 +1.0
IDOG ALPS International Sector Dividend Dogs ETF 6.2 50 9 9.0 +0.9
CRAK VanEck Oil Refiners ETF 5.5 61 -2 8.2 +0.1
EBIZ Global X E-Commerce ETF 5.2 50 9 4.3 -3.8
DVYE iShares Emerging Markets Dividend ETF 5.0 49 10 17.6 +9.5
FTHF First Trust Emerging Markets Human Flourishing ETF 4.9 75 -16 5.8 -2.4
DEM WisdomTree Emerging Markets High Dividend Fund 4.9 63 -4 10.2 +2.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.7 75 -16 6.3 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.3 32 27 4.7 -3.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.0 67 -8 12.2 +4.1
COPX Global X Copper Miners ETF 3.9 65 -6 4.2 -4.0
OBOR KraneShares MSCI One Belt One Road Index ETF 3.9 79 -20 7.3 -0.8
SILJ ETFMG Prime Junior Silver Miners ETF 3.9 69 -10 0.6 -7.6
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -7 9.0 +0.9
ICOP iShares Copper and Metals Mining ETF 3.3 47 12 5.5 -2.6
FDD First Trust Stoxx European Select Dividend Index Fund 3.1 58 1 9.3 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.7 47 12 7.0 -1.1
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 12 7.3 -0.8
HERO Global X Video Games & Esports ETF 2.5 50 9 5.7 -2.4
OND ProShares On-Demand ETF 2.5 58 1 0.5 -7.6
ESPO VanEck Video Gaming and eSports ETF 2.5 56 3 6.4 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.5 95 -36 9.7 +1.5
XC WisdomTree Emerging Markets Ex-China Fund 2.5 32 27 6.3 -1.8
GMET VanEck Green Metals ETF 2.4 63 -4 1.2 -6.9
NERD Roundhill Video Games ETF 2.4 50 9 7.7 -0.5
AGMI Themes Silver Miners ETF 2.4 35 24 4.3 -3.8
ISHP First Trust Nasdaq Retail ETF 2.3 60 -1 5.1 -3.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.3 86 -27 0.2 -7.9
EMMF WisdomTree Emerging Markets Multifactor Fund 2.3 48 11 8.6 +0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 58 1 8.5 +0.4
ROAM Hartford Multifactor Emerging Markets ETF 2.1 44 15 7.5 -0.6
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -21 8.8 +0.7
RNEM First Trust Emerging Markets Equity Select ETF 2.1 75 -16 7.7 -0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.0 88 -29 8.4 +0.3
LDEM iShares ESG MSCI EM Leaders ETF 1.9 17 42 12.5 +4.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.8 33 26 6.1 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.7 24 35 5.2 -2.9
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 44 5.6 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 30 6.8 -1.4
WWJD Inspire International ETF 1.6 80 -21 6.1 -2.0
GCOW Pacer Global Cash Cows Dividend ETF 1.5 60 -1 9.1 +1.0
FDNI First Trust Dow Jones International Internet ETF 1.5 65 -6 23.9 +15.8
SETM Sprott Energy Transition Materials ETF 1.5 65 -6 1.9 -6.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.4 49 10 7.5 -0.6
XCEM Columbia EM Core ex-China ETF 1.4 16 43 5.0 -3.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.4 25 34 5.1 -3.0
SCHC Schwab International Small-Cap Equity ETF 1.3 11 48 6.6 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 52 9.4 +1.2
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 43 6.6 -1.6
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 -1 4.5 -3.6
DFEV Dimensional Emerging Markets Value ETF 1.2 43 16 9.4 +1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 14 9.4 +1.3
AVEM Avantis Emerging Markets Equity ETF 1.2 33 26 7.0 -1.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -11 6.6 -1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 23 5.9 -2.2
VIDI Vident International Equity Strategy ETF 1.1 61 -2 8.2 +0.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.1 53 6 5.1 -3.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 18 4.8 -3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.1 45 14 8.0 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 50 8.2 +0.1
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 26 6.6 -1.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.1 69 -10 7.6 -0.6
EEM iShares MSCI Emerging Markets ETF 1.1 69 -10 7.8 -0.3
ESGE iShares ESG Aware MSCI EM ETF 1.1 25 34 8.2 +0.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.1 39 20 6.6 -1.5
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 24 7.0 -1.2
STXE Strive Emerging Markets Ex-China ETF 1.0 32 27 5.2 -2.9
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 34 8.9 +0.8
BNGE First Trust S-Network Streaming and Gaming ETF 1.0 70 -11 3.0 -5.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.0 35 24 9.9 +1.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 27 7.5 -0.7
AVES Avantis Emerging Markets Value ETF 1.0 36 23 9.0 +0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 21 7.0 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 20 8.1 -0.1
IBUY Amplify Online Retail ETF 1.0 65 -6 2.1 -6.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 10 5.9 -2.2
VGK Vanguard FTSE Europe ETF 1.0 6 53 6.3 -1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 -7 7.3 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 51 6.3 -1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 29 7.9 -0.2
SPEU SPDR Portfolio Europe ETF 0.9 7 52 6.3 -1.9
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 4 6.3 -1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 18 6.9 -1.3
IQSI IQ Candriam International Equity ETF 0.9 15 44 5.4 -2.7
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 50 6.0 -2.1
FLEE Franklin FTSE Europe ETF 0.8 9 50 6.1 -2.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 17 7.8 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 29 7.5 -0.7
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 1 6.5 -1.6
BLES Inspire Global Hope ETF 0.7 61 -2 5.5 -2.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.7 24 35 6.8 -1.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -21 12.4 +4.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -27 12.3 +4.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 9 8.2 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 20 6.8 -1.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 50 6.4 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 39 5.6 -2.5
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 11 5.4 -2.7
BKIE BNY Mellon International Equity ETF 0.5 4 55 17.4 +9.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 26 6.7 -1.4
EMM Global X Emerging Markets ex-China ETF 0.5 75 -16 4.7 -3.4
RCGE RockCreek Global Equality ETF 0.5 95 -36 5.7 -2.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.7 +0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.5 49 10 8.8 +0.7
VEA Vanguard FTSE Developed Markets ETF 0.5 3 56 5.8 -2.4
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 34 10.4 +2.2
VYMI Vanguard International High Dividend Yield ETF 0.4 17 42 7.7 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 34 7.2 -1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 6.9 -1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 39 5.5 -2.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 4 5.8 -2.3
FRGN Horizon International Equity ETF 0.4 75 -16 7.7 -0.4
SCHF Schwab International Equity ETF 0.4 6 53 5.8 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 14 6.6 -1.6
INTF iShares International Equity Factor ETF 0.4 15 44 6.3 -1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 34 5.4 -2.7
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 52 6.4 -1.7
VXUS Vanguard Total International Stock ETF 0.3 5 54 6.5 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 6.2 -1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 13 7.9 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 5.1 -3.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 47 4.3 -3.8
VSGX Vanguard ESG International Stock ETF 0.3 10 49 6.4 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 18 5.8 -2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 41 6.2 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.3 -1.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 55 6.5 -1.6
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 29 6.3 -1.9
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -1 4.4 -3.7
DEW WisdomTree Global High Dividend Fund 0.2 58 1 6.9 -1.2
EMC Global X Emerging Markets Great Consumer ETF 0.2 75 -16 7.1 -1.1
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.4 -2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 4.6 -3.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 34 6.0 -2.1
VT Vanguard Total World Stock ETF 0.1 6 53 4.9 -3.3
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.5 -3.6
IGRO iShares International Dividend Growth ETF 0.1 15 44 6.5 -1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.7 -3.4
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 7.6 -0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -6 6.7 -1.4
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 41 0.0 -8.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 17 4.0 -4.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 17 3.9 -4.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI Poland ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 CATEGORY
AVERAGE		 1.64
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.