iShares India 50 ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.8x P/Sales
ratio		 2.4x
P/BV
ratio		 2.5x Div.
yield		 1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P India Nifty 50 Index Fund investment results that correspond to the price and yield performance of the S&P CNX Nifty Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Nov 18, 2009
Assets (mns) $548
Currency USD
Expense ratio 89 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 50
Wgt avg mkt cap (mns) $72,415
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
HDFC BANK LIMITED 10.5 %
ICICI BANK LTD 8.3 %
RELIANCE INDUSTRIES LTD 8.2 %
BHARTI AIRTEL LIMITED 5.2 %
LARSEN & TOUBRO LIMITED 4.4 %
INFOSYS TECHNOLOGIES LTD 3.7 %
STATE BANK OF INDIA 3.7 %
AXIS BANK LIMITED 3.4 %
KOTAK MAHINDRA BANK LTD 2.6 %
ITC LTD 2.5 %
Total 52.6 %

TOP COUNTRY EXPOSURE
INDIA 91.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.4% -13.4% 2.0% 6.6% 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.62 26%
MSCI EAFE 0.57 37%
MSCI Emg. Mkts. 0.43 36%

Technical Indicators
Recent close $41.69
30d moving avg. $42.80
Annualized volatility 12.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 144
Turnover 1.1%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 133 potential alternatives to the iShares India 50 ETF ETF based on the alternatives' overlap in portfolio holdings with INDY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: INDY Expense: 89 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH INDY
Ticker Fund
Name		 Overlap1
vs INDY
(%)		 Expense
ratio
(bp)		 Savings
vs INDY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs INDY
(%)
INDA iShares MSCI India ETF 59.2 65 24 4.7 -0.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 57.0 80 9 5.0 -0.4
FLIN Franklin FTSE India ETF 51.4 19 70 4.2 -1.2
EPI WisdomTree India Earnings Fund 44.5 85 4 5.2 -0.2
NDIA Global X India Active ETF 36.4 75 14 5.3 -0.2
RNEM First Trust Emerging Markets Equity Select ETF 18.7 75 14 8.2 +2.8
BKF iShares MSCI BIC ETF 18.5 69 20 14.9 +9.4
XC WisdomTree Emerging Markets Ex-China Fund 18.2 32 57 6.6 +1.2
INCO Columbia India Consumer ETF 15.9 75 14 2.2 -3.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 12.1 75 14 6.4 +0.9
VEXC Vanguard Emerging Markets Ex-China ETF 11.6 7 82 5.7 +0.3
GLIN VanEck India Growth Leaders ETF 11.5 77 12 5.5 +0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.5 24 65 5.2 -0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.0 40 49 6.3 +0.9
STXE Strive Emerging Markets Ex-China ETF 10.7 32 57 5.2 -0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.7 95 -6 10.0 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 9.8 17 72 12.9 +7.4
XCNY SPDR S&P Emerging Markets ex-China ETF 9.8 15 74 5.7 +0.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 9.5 25 64 6.2 +0.7
IPAV Global X Infrastructure Development ex-U.S. ETF 8.5 55 34 5.7 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 8.5 49 40 7.5 +2.1
EEMA iShares MSCI Emerging Markets Asia ETF 8.4 49 40 7.5 +2.1
EMC Global X Emerging Markets Great Consumer ETF 8.4 75 14 7.1 +1.6
EMXC iShares MSCI Emerging Markets ex China ETF 8.3 25 64 5.1 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.3 32 57 4.8 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 8.3 36 53 6.1 +0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.6 70 19 6.9 +1.5
VWO Vanguard FTSE Emerging Markets ETF 7.6 7 82 9.2 +3.8
FLAX Franklin FTSE Asia Ex Japan ETF 7.6 19 70 7.1 +1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 7.6 49 40 13.4 +8.0
ECON Columbia Emerging Markets Consumer ETF 7.4 49 40 6.6 +1.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 7.3 15 74 8.0 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 7.1 49 40 8.6 +3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.1 20 69 7.4 +2.0
SCHE Schwab Emerging Markets Equity ETF 7.1 11 78 9.5 +4.1
XCEM Columbia EM Core ex-China ETF 7.1 16 73 4.9 -0.5
DGIN VanEck Digital India ETF 6.8 71 18 1.5 -3.9
EEM iShares MSCI Emerging Markets ETF 6.6 69 20 7.8 +2.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 6.6 69 20 7.4 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.6 30 59 7.6 +2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.5 66 23 7.2 +1.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.5 35 54 10.0 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.5 36 53 7.6 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 6.4 11 78 7.9 +2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 6.4 29 60 6.6 +1.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.4 39 50 13.7 +8.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.4 32 57 7.4 +2.0
ROAM Hartford Multifactor Emerging Markets ETF 6.2 44 45 7.5 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 6.0 16 73 6.7 +1.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 5.9 15 74 8.8 +3.4
IEMG iShares Core MSCI Emerging Markets ETF 5.8 9 80 8.2 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 5.7 30 59 8.0 +2.6
ESGE iShares ESG Aware MSCI EM ETF 5.6 25 64 8.3 +2.8
SPEM SPDR Portfolio Emerging Markets ETF 5.5 7 82 9.5 +4.1
DFEV Dimensional Emerging Markets Value ETF 5.4 43 46 9.4 +4.0
EMGF iShares Emerging Markets Equity Factor ETF 5.4 25 64 8.8 +3.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.2 45 44 8.1 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 4.8 35 54 7.0 +1.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.8 33 56 6.1 +0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.8 33 56 6.7 +1.3
FDEM Fidelity Emerging Markets Multifactor ETF 4.7 25 64 10.4 +5.0
DEHP Dimensional Emerging Markets High Profitability ETF 4.7 41 48 4.8 -0.6
AVES Avantis Emerging Markets Value ETF 4.7 36 53 8.9 +3.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.7 44 45 9.5 +4.1
EMMF WisdomTree Emerging Markets Multifactor Fund 4.3 48 41 8.4 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.1 88 1 8.4 +3.0
SCHY Schwab International Dividend Equity ETF 4.1 14 75 8.5 +3.1
AVEM Avantis Emerging Markets Equity ETF 4.0 33 56 7.0 +1.6
JADE JPMorgan Active Developing Markets Equity ETF 4.0 65 24 6.1 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 29 6.6 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.7 59 30 8.6 +3.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.7 53 36 5.1 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 44 9.7 +4.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.4 38 51 7.0 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.3 47 42 5.0 -0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 3.1 33 56 6.6 +1.2
ACWV iShares MSCI Global Min Vol Factor ETF 2.9 20 69 5.7 +0.3
VIGI Vanguard International Dividend Appreciation ETF 2.8 10 79 6.1 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.8 41 48 6.9 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.5 50 39 8.1 +2.6
FTAG First Trust Indxx Global Agriculture ETF 2.5 70 19 7.2 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 50 8.0 +2.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 26 10.3 +4.8
NXTG First Trust Indxx NextG ETF 2.3 70 19 3.4 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.2 18 71 6.4 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.2 41 48 6.0 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 85 6.7 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 55 6.4 +1.0
VXUS Vanguard Total International Stock ETF 2.1 5 84 6.7 +1.2
CGXU Capital Group International Focus Equity ETF 2.1 54 35 3.8 -1.6
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 82 6.6 +1.2
JIVE JPMorgan International Value ETF 1.9 55 34 8.4 +3.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 9 9.0 +3.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.7 65 24 7.3 +1.8
CWI SPDR MSCI ACWI ex-US ETF 1.7 30 59 6.5 +1.1
VSGX Vanguard ESG International Stock ETF 1.7 10 79 6.6 +1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.7 86 3 13.4 +7.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.7 86 3 0.3 -5.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.7 60 29 9.2 +3.7
INQQ India Internet & Ecommerce ETF 1.7 86 3 0.7 -4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.6 49 40 9.1 +3.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 14 1.7 -3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 59 6.4 +1.0
IGRO iShares International Dividend Growth ETF 1.2 15 74 6.8 +1.4
KNCT Invesco Next Gen Connectivity ETF 1.2 40 49 2.9 -2.5
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 79 5.0 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 42 7.2 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.0 70 19 6.7 +1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 22 12.8 +7.4
DVYE iShares Emerging Markets Dividend ETF 1.0 49 40 17.9 +12.5
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 23 9.2 +3.8
VYMI Vanguard International High Dividend Yield ETF 0.9 17 72 8.1 +2.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 11 9.7 +4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 69 4.7 -0.7
DGT State Street SPDR Global Dow ETF 0.8 50 39 5.7 +0.2
ACWI iShares MSCI ACWI ETF 0.8 32 57 4.6 -0.8
DWX SPDR S&P International Dividend ETF 0.8 45 44 6.8 +1.4
VT Vanguard Total World Stock ETF 0.7 6 83 5.0 -0.4
AQLT iShares MSCI Global Quality Factor ETF 0.7 18 71 0.0 -5.4
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 50 7.7 +2.2
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 42 7.6 +2.2
MINV Matthews Asia Innovators Active ETF 0.6 79 10 5.1 -0.3
CGGO Capital Group Global Growth Equity ETF 0.6 47 42 4.1 -1.4
JIG JPMorgan International Growth ETF 0.6 55 34 3.6 -1.8
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 10 8.5 +3.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.4 42 47 4.1 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 77 4.4 -1.0
JGLO JPMorgan Global Select Equity ETF 0.3 33 56 4.3 -1.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 40 4.5 -1.0
GLOF iShares Global Equity Factor ETF 0.3 20 69 5.6 +0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 43 7.8 +2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 80 4.9 -0.6
DEW WisdomTree Global High Dividend Fund 0.1 58 31 7.2 +1.8

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 India 50 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.53
 
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.