iShares MSCI Taiwan ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.9x P/Sales
ratio		 1.5x
P/BV
ratio		 2.6x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Taiwan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Taiwan Index. The index consists primarily of large cap stocks traded in the Taiwanese market.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jun 20, 2000
Assets (mns) $7,084
Currency USD
Expense ratio 58 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 89
Wgt avg mkt cap (mns) $276,087
Large cap (>$10bn) 63.1%
Mid cap ($2-10bn) 36.9%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 22.0 %
HON HAI PRECISION INDUSTRY 5.4 %
MEDIATEK INC 4.2 %
DELTA ELECTRONICS INC 4.0 %
FUBON FINANCIAL HOLDING CO 1.9 %
QUANTA COMPUTER INC 1.9 %
WIWYNN CORP. 1.8 %
CHINATRUST FINANCIAL HOLDING 1.8 %
ADVANCED SEMICONDUCTOR ENGR 1.7 %
ACCTON TECHNOLOGY CORP 1.5 %
Total 46.2 %

TOP COUNTRY EXPOSURE
TAIWAN 98.1 %










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.
24.6% 21.8% 12.7% 14.3% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.98 54%
MSCI EAFE 1.09 48%
MSCI Emg. Mkts. 1.24 70%

Technical Indicators
Recent close $65.35
30d moving avg. $64.78
Annualized volatility 20.9%
Short interest (ETF) 12.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 3,982
Turnover 3.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $3,063

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 178 potential alternatives to the iShares MSCI Taiwan ETF ETF based on the alternatives' overlap in portfolio holdings with EWT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWT Expense: 58 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWT
Ticker Fund
Name		 Overlap1
vs EWT
(%)		 Expense
ratio
(bp)		 Savings
vs EWT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWT
(%)
FLTW Franklin FTSE Taiwan ETF 86.4 19 39 5.8 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 34.4 24 34 7.3 +1.8
XCEM Columbia EM Core ex-China ETF 33.6 16 42 7.6 +2.2
XC WisdomTree Emerging Markets Ex-China Fund 33.5 32 26 5.7 +0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 31.6 15 43 7.4 +2.0
AIA iShares Asia 50 ETF 31.5 50 8 12.6 +7.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.4 20 38 27,699.8 +27,694.3
EMXC iShares MSCI Emerging Markets ex China ETF 28.1 25 33 6.9 +1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 27.0 88 -30 8.8 +3.3
XCNY SPDR S&P Emerging Markets ex-China ETF 26.4 15 43 7.2 +1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 25.2 32 26 6.3 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 24.7 49 9 9.2 +3.7
STXE Strive Emerging Markets Ex-China ETF 23.9 32 26 7.4 +1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.2 32 26 8.5 +3.0
NUEM Nuveen ESG Emerging Markets Equity ETF 23.2 36 22 7.2 +1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.7 70 -12 8.4 +2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 22.1 33 25 9.4 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 21.6 19 39 8.4 +3.0
MEM Matthews Emerging Markets Equity Active ETF 21.5 79 -21 7.3 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 21.3 30 28 9.6 +4.1
ESGE iShares ESG Aware MSCI EM ETF 21.0 25 33 9.7 +4.3
ECON Columbia Emerging Markets Consumer ETF 20.7 49 9 11.5 +6.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.4 66 -8 9.0 +3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 20.2 15 43 9.5 +4.0
BKEM BNY Mellon Emerging Markets Equity ETF 20.2 11 47 9.2 +3.7
SCHE Schwab Emerging Markets Equity ETF 20.1 11 47 10.6 +5.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.1 36 22 9.1 +3.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 20.0 45 13 9.6 +4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.8 95 -37 11.7 +6.2
EEM iShares MSCI Emerging Markets ETF 19.8 69 -11 9.5 +4.0
DEHP Dimensional Emerging Markets High Profitability ETF 19.4 41 17 6.4 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.3 30 28 8.4 +3.0
EMGF iShares Emerging Markets Equity Factor ETF 19.2 25 33 10.8 +5.3
FTHF First Trust Emerging Markets Human Flourishing ETF 19.1 75 -17 9.1 +3.6
VWO Vanguard FTSE Emerging Markets ETF 18.8 7 51 10.2 +4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.6 40 18 6.7 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 18.5 49 9 9.4 +3.9
SPEM SPDR Portfolio Emerging Markets ETF 18.4 7 51 10.4 +4.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.3 35 23 12.5 +7.0
EMMF WisdomTree Emerging Markets Multifactor Fund 18.3 48 10 6.9 +1.4
EMXF iShares ESG Advanced MSCI EM ETF 18.1 16 42 7.9 +2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 18.0 49 9 14.9 +9.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.9 50 8 10.2 +4.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 17.5 53 5 7.2 +1.7
FDEM Fidelity Emerging Markets Multifactor ETF 17.5 25 33 12.2 +6.7
JADE JPMorgan Active Developing Markets Equity ETF 17.2 65 -7 7.7 +2.2
DFAE Dimensional Emerging Core Equity Market ETF 17.1 35 23 8.6 +3.1
MINV Matthews Asia Innovators Active ETF 17.0 79 -21 7.0 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 16.9 9 49 9.8 +4.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 16.8 39 19 15.5 +10.0
PATN Pacer Nasdaq International Patent Leaders ETF 15.0 65 -7 5.3 -0.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.8 75 -17 10.0 +4.5
GMF SPDR S&P Emerging Asia Pacific ETF 14.5 49 9 9.4 +3.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 14.4 90 -32 5.1 -0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.9 42 16 6.5 +1.1
FEM First Trust Emerging Markets AlphaDEX Fund 13.8 80 -22 11.4 +6.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 13.7 41 17 8.1 +2.6
ROAM Hartford Multifactor Emerging Markets ETF 13.0 44 14 11.2 +5.8
LDEM iShares ESG MSCI EM Leaders ETF 13.0 17 41 12.8 +7.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.8 38 20 8.6 +3.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.8 25 33 6.3 +0.8
AVES Avantis Emerging Markets Value ETF 11.8 36 22 10.5 +5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.5 59 -1 8.4 +3.0
FRDM Freedom 100 Emerging Markets ETF 11.4 49 9 7.3 +1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.2 45 13 10.0 +4.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 11.0 75 -17 2.9 -2.6
DFEV Dimensional Emerging Markets Value ETF 10.9 43 15 11.7 +6.2
AVEM Avantis Emerging Markets Equity ETF 10.9 33 25 8.1 +2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.7 29 29 8.8 +3.3
IVES Wedbush ETFMG Global Cloud Technology ETF 10.4 68 -10 5.9 +0.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.2 33 25 7.9 +2.5
EMM Global X Emerging Markets ex-China ETF 10.2 75 -17 6.8 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.0 44 14 10.3 +4.8
NXTG First Trust Indxx NextG ETF 9.9 70 -12 4.8 -0.7
KNCT Invesco Next Gen Connectivity ETF 9.6 40 18 4.6 -0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 8.8 33 25 7.8 +2.3
RNEM First Trust Emerging Markets Equity Select ETF 8.5 75 -17 8.4 +2.9
AIVC Amplify Bloomberg AI Value Chain ETF 8.4 59 -1 5.7 +0.2
FBOT Fidelity Disruptive Automation ETF 8.2 50 8 3.3 -2.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.4 70 -12 12.3 +6.8
CLNR IQ Cleaner Transport ETF 7.3 45 13 5.2 -0.3
IQDF FlexShares International Quality Dividend Index Fund 7.3 47 11 8.4 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 7.1 63 -5 12.7 +7.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.1 47 11 7.7 +2.2
VSGX Vanguard ESG International Stock ETF 7.0 10 48 7.5 +2.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.9 78 -20 9.0 +3.5
EMC Global X Emerging Markets Great Consumer ETF 6.3 75 -17 8.6 +3.2
IXN iShares Global Tech ETF 6.2 41 17 3.5 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 6.1 34 24 7.3 +1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.0 18 40 7.3 +1.8
JIG JPMorgan International Growth ETF 5.9 55 3 4.7 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.8 41 17 7.1 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 4 54 7.6 +2.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.6 60 -2 10.7 +5.2
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 9 9.4 +3.9
RODE Hartford Multifactor Diversified International ETF 5.3 29 29 10.3 +4.9
IXUS iShares Core MSCI Total International Stock ETF 5.3 7 51 7.5 +2.0
OCEN IQ Clean Oceans ETF 5.3 45 13 5.3 -0.2
VXUS Vanguard Total International Stock ETF 5.2 5 53 7.6 +2.1
CHAT Roundhill Generative AI & Technology ETF 5.0 75 -17 7.7 +2.2
QTUM Defiance Quantum ETF 4.9 40 18 5.0 -0.5
CHPX Global X AI Semiconductor & Quantum ETF 4.8 50 8 3.3 -2.2
AGQI First Trust Active Global Quality Income ETF 4.6 85 -27 5.2 -0.3
ROBO ROBO Global Robotics & Automation Index ETF 4.6 95 -37 3.0 -2.4
CGXU Capital Group International Focus Equity ETF 4.0 54 4 5.3 -0.2
GSFP Goldman Sachs Future Planet Equity ETF 4.0 75 -17 4.4 -1.1
VYMI Vanguard International High Dividend Yield ETF 3.7 17 41 9.0 +3.5
JSTC Adasina Social Justice All Cap Global ETF 3.7 89 -31 4.8 -0.7
ACWV iShares MSCI Global Min Vol Factor ETF 3.7 20 38 5.7 +0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 28 7.4 +2.0
OAIM OneAscent International Equity ETF 3.4 95 -37 5.4 -0.1
MOTI VanEck Morningstar International Moat ETF 3.0 58 0 10.5 +5.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.0 49 9 5.1 -0.4
IGPT Invesco AI and Next Gen Software ETF 3.0 60 -2 4.3 -1.2
EYLD Cambria Emerging Shareholder Yield ETF 2.9 66 -8 11.6 +6.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.9 58 0 9.5 +4.0
SNSR Global X Internet of Things ETF 2.8 68 -10 4.6 -0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 2.7 29 29 7.5 +2.0
XT iShares Exponential Technologies ETF 2.6 46 12 4.5 -1.0
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 48 5.6 +0.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 6 8.8 +3.3
FCLD Fidelity Cloud Computing ETF 2.5 39 19 3.5 -2.0
DWX SPDR S&P International Dividend ETF 2.4 45 13 7.2 +1.7
ARTY iShares Future AI & Tech ETF 2.4 47 11 3.5 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.3 20 38 5.3 -0.2
ACWI iShares MSCI ACWI ETF 2.2 32 26 5.3 -0.2
WRND IQ Global Equity R&D Leaders ETF 2.1 18 40 7.5 +2.0
PBD Invesco Global Clean Energy ETF 2.1 75 -17 0.8 -4.7
VIDI Vident International Equity Strategy ETF 2.0 61 -3 10.3 +4.8
IBAT iShares Energy Storage & Materials ETF 2.0 47 11 2.6 -2.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.0 45 13 2.5 -3.0
GLOF iShares Global Equity Factor ETF 2.0 20 38 6.6 +1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.9 12 46 4.9 -0.6
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 -17 2.7 -2.8
VT Vanguard Total World Stock ETF 1.9 6 52 5.7 +0.2
WWJD Inspire International ETF 1.9 80 -22 7.1 +1.7
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 28 7.3 +1.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 -2 7.9 +2.4
JGLO JPMorgan Global Select Equity ETF 1.7 33 25 5.0 -0.5
DEW WisdomTree Global High Dividend Fund 1.6 58 0 8.2 +2.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.6 67 -9 14.6 +9.1
IHAK iShares Cybersecurity & Tech ETF 1.5 47 11 4.6 -0.9
SUPL ProShares Supply Chain Logistics ETF 1.4 58 0 10.2 +4.7
DVYE iShares Emerging Markets Dividend ETF 1.3 49 9 18.1 +12.6
TINY ProShares Nanotechnology ETF 1.3 58 0 3.5 -2.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.2 75 -17 3.5 -2.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 3 6.5 +1.0
JIVE JPMorgan International Value ETF 1.0 55 3 10.7 +5.2
BLES Inspire Global Hope ETF 1.0 61 -3 6.8 +1.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -7 1.9 -3.6
IGRO iShares International Dividend Growth ETF 0.8 15 43 6.9 +1.4
TTAI FCF International Quality ETF 0.7 59 -1 7.4 +1.9
AIQ Global X Artificial Intelligence & Technology ETF 0.7 68 -10 3.5 -2.0
ISHP First Trust Nasdaq Retail ETF 0.6 60 -2 5.6 +0.2
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -7 5.5 +0.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 0 4.4 -1.1
OND ProShares On-Demand ETF 0.6 58 0 -0.6 -6.0
ESPO VanEck Video Gaming and eSports ETF 0.6 56 2 5.3 -0.2
HERO Global X Video Games & Esports ETF 0.6 50 8 4.5 -1.0
NERD Roundhill Video Games ETF 0.6 50 8 6.6 +1.2
ODDS Pacer BlueStar Digital Entertainment ETF 0.6 60 -2 3.0 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 19 10.6 +5.1
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 13 5.3 -0.2
IXG iShares Global Financials ETF 0.5 42 16 6.5 +1.1
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -7 23.0 +17.6
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -2 7.7 +2.2
WDIV SPDR S&P Global Dividend ETF 0.5 40 18 8.9 +3.5
CGDG Capital Group Dividend Growers ETF 0.5 47 11 6.0 +0.5
RCGE RockCreek Global Equality ETF 0.5 95 -37 6.6 +1.1
HART IQ Healthy Hearts ETF 0.4 45 13 6.1 +0.6
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 48 6.3 +0.8
IXP iShares Global Comm Services ETF 0.3 42 16 5.6 +0.2
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -4 3.4 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 49 5.5 +0.0
HAP VanEck Natural Resources ETF 0.2 50 8 8.8 +3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 13 1.7 -3.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -22 14.2 +8.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 16 9.3 +3.8

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 Taiwan ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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 not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.54
 
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.