iShares MSCI Poland ETF
ALTAR
Score™		 11.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.9x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x Div.
yield		 3.2%


  • 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) $425
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

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) $12,772
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 14.3 %
POLSKI KONCERN NAFTOWY SA 11.3 %
POWSZECHNY ZAKLAD UBEZPIECZE 8.1 %
BANK PEKAO SA 7.7 %
KGHM POLSKA MIEDZ S.A. 5.4 %
ALLEGRO.EU SA 4.0 %
BANK ZACHODNI WBK SA 3.8 %
LPP SA 3.6 %
DINO POLSKA SA 3.6 %
CD PROJEKT S.A. 3.4 %
Total 65.3 %

TOP COUNTRY EXPOSURE
POLAND 86.9 %
LUXEMBOURG 4.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
63.2% 54.2% 16.4% 8.4% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.90 37%
MSCI EAFE 1.31 56%
MSCI Emg. Mkts. 1.06 42%

Technical Indicators
Recent close $33.44
30d moving avg. $33.79
Annualized volatility 26.1%
Short interest (ETF) 5.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 252
Turnover 2.0%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 138 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™: 11.3%


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 9.9 49 10 7.3 -4.0
GVAL Cambria Global Value ETF 8.1 68 -9 10.5 -0.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.6 86 -27 0.5 -10.8
FTHF First Trust Emerging Markets Human Flourishing ETF 7.1 75 -16 9.1 -2.2
DVYE iShares Emerging Markets Dividend ETF 6.7 49 10 18.1 +6.8
CRAK VanEck Oil Refiners ETF 6.2 61 -2 11.5 +0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.9 75 -16 10.0 -1.3
COPX Global X Copper Miners ETF 5.3 65 -6 5.5 -5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 4.7 48 11 6.9 -4.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.6 32 27 6.3 -5.0
FDD First Trust Stoxx European Select Dividend Index Fund 3.9 58 1 11.0 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 3.9 50 9 11.4 +0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.8 67 -8 14.6 +3.3
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -7 11.6 +0.3
HERO Global X Video Games & Esports ETF 3.4 50 9 4.5 -6.8
SILJ ETFMG Prime Junior Silver Miners ETF 3.4 69 -10 0.6 -10.8
EBIZ Global X E-Commerce ETF 3.4 50 9 4.1 -7.2
OND ProShares On-Demand ETF 3.3 58 1 -0.6 -11.9
ESPO VanEck Video Gaming and eSports ETF 3.2 56 3 5.3 -6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.2 58 1 9.5 -1.9
ICOP iShares Copper and Metals Mining ETF 3.1 47 12 7.4 -3.9
DEM WisdomTree Emerging Markets High Dividend Fund 2.8 63 -4 12.7 +1.3
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 15 11.2 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.5 47 12 7.7 -3.7
IQDF FlexShares International Quality Dividend Index Fund 2.5 47 12 8.4 -3.0
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 -20 7.7 -3.6
AGMI Themes Silver Miners ETF 2.4 35 24 4.2 -7.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.3 95 -36 11.7 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.3 24 35 7.3 -4.0
NERD Roundhill Video Games ETF 2.2 50 9 6.6 -4.7
WWJD Inspire International ETF 2.2 80 -21 7.1 -4.2
GMET VanEck Green Metals ETF 2.1 63 -4 7.1 -4.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.9 33 26 7.9 -3.4
FEM First Trust Emerging Markets AlphaDEX Fund 1.9 80 -21 11.4 +0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.8 86 -27 14.3 +3.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.8 80 -21 14.2 +2.8
XCEM Columbia EM Core ex-China ETF 1.8 16 43 7.6 -3.7
RNEM First Trust Emerging Markets Equity Select ETF 1.8 75 -16 8.4 -2.9
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 30 7.5 -3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -29 8.8 -2.6
XC WisdomTree Emerging Markets Ex-China Fund 1.6 32 27 5.7 -5.7
FNDC Schwab Fundamental International Small Co. Index ETF 1.6 39 20 5.7 -5.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.5 15 44 7.2 -4.2
LDEM iShares ESG MSCI EM Leaders ETF 1.5 17 42 12.8 +1.5
AVES Avantis Emerging Markets Value ETF 1.5 36 23 10.5 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.4 70 -11 7.5 -3.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.4 25 34 6.9 -4.4
SCHC Schwab International Small-Cap Equity ETF 1.4 11 48 7.3 -4.0
VIDI Vident International Equity Strategy ETF 1.3 61 -2 10.3 -1.0
STXE Strive Emerging Markets Ex-China ETF 1.3 32 27 7.4 -3.9
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 43 7.9 -3.5
AVEM Avantis Emerging Markets Equity ETF 1.3 33 26 8.1 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.3 45 14 9.6 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.3 32 27 8.5 -2.8
DFEV Dimensional Emerging Markets Value ETF 1.2 43 16 11.7 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 1.2 49 10 9.4 -1.9
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -1 3.0 -8.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 6 7.2 -4.2
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 52 10.4 -0.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 24 12.5 +1.2
SETM Sprott Energy Transition Materials ETF 1.1 65 -6 2.0 -9.4
BLES Inspire Global Hope ETF 1.1 61 -2 6.8 -4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 26 7.8 -3.5
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 50 9.8 -1.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 18 6.4 -5.0
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 34 10.8 -0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 10 6.8 -4.6
EEM iShares MSCI Emerging Markets ETF 1.0 69 -10 9.5 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 -7 9.0 -2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 23 7.2 -4.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 51 7.1 -4.2
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 24 8.6 -2.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 21 8.6 -2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 20 10.6 -0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 18 8.1 -3.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 29 9.6 -1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 9 10.2 -1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 26 9.4 -2.0
SPEU SPDR Portfolio Europe ETF 0.9 7 52 7.1 -4.2
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 4 7.6 -3.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 14 10.0 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.8 39 20 7.5 -3.8
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 34 9.7 -1.6
VGK Vanguard FTSE Europe ETF 0.8 6 53 7.2 -4.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -6 7.8 -3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 29 8.4 -2.9
IBUY Amplify Online Retail ETF 0.7 65 -6 1.7 -9.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.6 24 35 7.1 -4.2
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 50 7.0 -4.4
IQSI IQ Candriam International Equity ETF 0.6 15 44 6.2 -5.1
FLEE Franklin FTSE Europe ETF 0.6 9 50 7.0 -4.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 50 7.5 -3.8
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -6 23.0 +11.7
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 1 7.2 -4.1
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 17 7.3 -4.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.8 -2.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 39 6.5 -4.9
VEA Vanguard FTSE Developed Markets ETF 0.4 3 56 6.8 -4.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 34 8.9 -2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 4 6.5 -4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 9.4 -2.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 17 9.3 -2.0
BKIE BNY Mellon International Equity ETF 0.4 4 55 6.6 -4.7
DEW WisdomTree Global High Dividend Fund 0.4 58 1 8.2 -3.2
VYMI Vanguard International High Dividend Yield ETF 0.4 17 42 9.0 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 39 6.6 -4.8
SCHF Schwab International Equity ETF 0.3 6 53 6.8 -4.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.3 25 34 12.2 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.4 -3.9
JIVE JPMorgan International Value ETF 0.3 55 4 10.7 -0.6
EMM Global X Emerging Markets ex-China ETF 0.3 75 -16 6.8 -4.5
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 7.5 -3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 14 8.3 -3.0
VSGX Vanguard ESG International Stock ETF 0.3 10 49 7.5 -3.9
VXUS Vanguard Total International Stock ETF 0.3 5 54 7.6 -3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 41 7.3 -4.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 7.3 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 47 4.9 -6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 18 7.1 -4.2
EMC Global X Emerging Markets Great Consumer ETF 0.3 75 -16 8.6 -2.7
RODE Hartford Multifactor Diversified International ETF 0.3 29 30 10.3 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 55 7.6 -3.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 7.3 -4.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 19 6.8 -4.5
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -1 4.9 -6.4
GLOF iShares Global Equity Factor ETF 0.2 20 39 6.6 -4.7
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -30 4.8 -6.5
INTF iShares International Equity Factor ETF 0.2 15 44 7.3 -4.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.3 -6.0
VT Vanguard Total World Stock ETF 0.1 6 53 5.7 -5.6
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.3 -6.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 25 5.8 -5.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.5 -5.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 17 5.2 -6.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 34 6.3 -5.1
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 9.1 -2.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 52 6.7 -4.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 22 7.8 -3.6

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 13.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.80 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.