iShares India 50 ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 21.1x P/Sales
ratio		 2.6x
P/BV
ratio		 2.7x Div.
yield		 1.7%


  • 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) $571
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 10.3 %
ICICI BANK LTD 9.0 %
RELIANCE INDUSTRIES LTD 8.3 %
BHARTI AIRTEL LIMITED 5.3 %
LARSEN & TOUBRO LIMITED 4.0 %
STATE BANK OF INDIA 3.8 %
INFOSYS TECHNOLOGIES LTD 3.5 %
AXIS BANK LIMITED 3.2 %
KOTAK MAHINDRA BANK LTD 2.6 %
BAJAJ FINANCE LTD 2.5 %
Total 52.6 %

TOP COUNTRY EXPOSURE
INDIA 90.9 %










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.
-11.0% -8.1% 2.5% 6.1% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.58 26%
MSCI EAFE 0.56 36%
MSCI Emg. Mkts. 0.32 28%

Technical Indicators
Recent close $44.42
30d moving avg. $43.26
Annualized volatility 12.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 100
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 131 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™: 5.1%


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
(%)
NFTY First Trust India NIFTY 50 Equal Weight ETF 56.4 80 9 4.8 -0.4
FLIN Franklin FTSE India ETF 39.9 19 70 4.0 -1.1
NDIA Global X India Active ETF 36.3 75 14 4.9 -0.2
EPI WisdomTree India Earnings Fund 35.3 85 4 5.0 -0.1
PIN Invesco India ETF 19.7 78 11 5.4 +0.3
RNEM First Trust Emerging Markets Equity Select ETF 18.9 75 14 7.7 +2.6
BKF iShares MSCI BIC ETF 18.6 69 20 14.4 +9.2
INCO Columbia India Consumer ETF 16.4 75 14 2.0 -3.1
XC WisdomTree Emerging Markets Ex-China Fund 16.1 32 57 6.3 +1.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 12.3 75 14 6.3 +1.2
GLIN VanEck India Growth Leaders ETF 12.0 77 12 5.3 +0.2
VEXC Vanguard Emerging Markets Ex-China ETF 11.9 7 82 5.6 +0.5
STXE Strive Emerging Markets Ex-China ETF 11.5 32 57 5.2 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.5 95 -6 9.7 +4.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.2 25 64 6.0 +0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 10.2 15 74 5.6 +0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.9 24 65 5.2 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.4 40 49 6.2 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 9.3 35 54 9.9 +4.8
EEMA iShares MSCI Emerging Markets Asia ETF 8.9 49 40 7.5 +2.3
EMXC iShares MSCI Emerging Markets ex China ETF 8.5 25 64 5.1 -0.0
IPAV Global X Infrastructure Development ex-U.S. ETF 8.0 55 34 5.8 +0.7
EMC Global X Emerging Markets Great Consumer ETF 8.0 75 14 7.1 +2.0
VWO Vanguard FTSE Emerging Markets ETF 7.8 7 82 9.0 +3.9
NUEM Nuveen ESG Emerging Markets Equity ETF 7.7 36 53 5.9 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 7.6 49 40 7.5 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.5 70 19 6.9 +1.8
GMF SPDR S&P Emerging Asia Pacific ETF 7.4 49 40 8.5 +3.4
SCHE Schwab Emerging Markets Equity ETF 7.3 11 78 9.3 +4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.2 32 57 4.7 -0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.2 30 59 7.5 +2.3
DGIN VanEck Digital India ETF 7.1 71 18 1.3 -3.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.0 39 50 13.3 +8.2
LDEM iShares ESG MSCI EM Leaders ETF 7.0 17 72 12.5 +7.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 6.8 69 20 7.6 +2.4
ECON Columbia Emerging Markets Consumer ETF 6.8 49 40 6.6 +1.5
EEM iShares MSCI Emerging Markets ETF 6.7 69 20 7.8 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 6.7 19 70 7.1 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.4 15 74 8.0 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 6.2 30 59 7.9 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 5.9 9 80 8.2 +3.1
PXH Invesco FTSE RAFI Emerging Markets ETF 5.9 49 40 13.1 +8.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.9 32 57 7.5 +2.3
BKEM BNY Mellon Emerging Markets Equity ETF 5.8 11 78 24.0 +18.9
EMGF iShares Emerging Markets Equity Factor ETF 5.7 25 64 8.9 +3.8
SPEM SPDR Portfolio Emerging Markets ETF 5.7 7 82 9.4 +4.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.7 36 53 7.5 +2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.6 66 23 7.3 +2.2
EMXF iShares ESG Advanced MSCI EM ETF 5.5 16 73 6.6 +1.4
ESGE iShares ESG Aware MSCI EM ETF 5.5 25 64 8.2 +3.1
ROAM Hartford Multifactor Emerging Markets ETF 5.4 44 45 7.5 +2.4
DFEV Dimensional Emerging Markets Value ETF 5.2 43 46 9.4 +4.3
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 41 8.6 +3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.9 33 56 6.1 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 4.8 35 54 7.0 +1.8
XCEM Columbia EM Core ex-China ETF 4.7 16 73 5.0 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 4.6 41 48 4.8 -0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 4.5 15 74 8.8 +3.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.4 25 64 10.4 +5.2
AVEM Avantis Emerging Markets Equity ETF 4.1 33 56 7.0 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.1 45 44 8.0 +2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.1 44 45 9.3 +4.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.0 33 56 6.7 +1.6
NXTG First Trust Indxx NextG ETF 4.0 70 19 3.5 -1.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.0 60 29 6.4 +1.3
JADE JPMorgan Active Developing Markets Equity ETF 4.0 65 24 5.9 +0.8
SCHY Schwab International Dividend Equity ETF 3.8 14 75 8.1 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 3.8 88 1 8.4 +3.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 44 9.4 +4.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.6 53 36 5.1 0.0
AVES Avantis Emerging Markets Value ETF 3.6 36 53 9.0 +3.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.5 38 51 7.0 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.4 59 30 8.5 +3.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.4 47 42 5.0 -0.2
AVSE Avantis Responsible Emerging Markets Equity ETF 3.0 33 56 6.6 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 2.9 20 69 5.6 +0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.8 41 48 6.9 +1.7
VIGI Vanguard International Dividend Appreciation ETF 2.8 10 79 5.8 +0.7
FTAG First Trust Indxx Global Agriculture ETF 2.5 70 19 7.0 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.3 50 39 8.2 +3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 50 8.1 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 85 6.5 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 55 6.2 +1.1
VXUS Vanguard Total International Stock ETF 2.1 5 84 6.5 +1.4
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 82 6.4 +1.3
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 26 10.2 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.9 18 71 6.2 +1.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.8 60 29 8.7 +3.6
INQQ India Internet & Ecommerce ETF 1.8 86 3 0.5 -4.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.8 86 3 0.2 -4.9
JIVE JPMorgan International Value ETF 1.8 55 34 7.9 +2.8
CGXU Capital Group International Focus Equity ETF 1.8 54 35 3.7 -1.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.8 65 24 7.1 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 48 5.8 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.7 86 3 12.3 +7.2
CWI SPDR MSCI ACWI ex-US ETF 1.7 30 59 6.3 +1.2
VSGX Vanguard ESG International Stock ETF 1.7 10 79 6.4 +1.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 9 8.8 +3.7
EDIV SPDR S&P Emerging Markets Dividend ETF 1.5 49 40 8.8 +3.7
IGRO iShares International Dividend Growth ETF 1.2 15 74 6.5 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 59 6.3 +1.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 14 1.8 -3.3
DVYE iShares Emerging Markets Dividend ETF 0.9 49 40 17.6 +12.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.9 67 22 12.2 +7.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 11 9.2 +4.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 60 6.8 +1.6
VYMI Vanguard International High Dividend Yield ETF 0.8 17 72 7.7 +2.5
DGT State Street SPDR Global Dow ETF 0.8 50 39 5.5 +0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 69 4.6 -0.5
ACWI iShares MSCI ACWI ETF 0.8 32 57 4.5 -0.6
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 23 9.0 +3.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 42 7.0 +1.9
DWX SPDR S&P International Dividend ETF 0.8 45 44 6.6 +1.5
VT Vanguard Total World Stock ETF 0.8 6 83 4.9 -0.3
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 42 7.3 +2.2
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 50 7.6 +2.5
KNCT Invesco Next Gen Connectivity ETF 0.7 40 49 2.9 -2.2
AQLT iShares MSCI Global Quality Factor ETF 0.6 18 71 0.0 -5.1
CGGO Capital Group Global Growth Equity ETF 0.6 47 42 3.9 -1.2
JIG JPMorgan International Growth ETF 0.6 55 34 3.6 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 79 4.8 -0.3
MINV Matthews Asia Innovators Active ETF 0.6 79 10 5.5 +0.4
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 10 8.4 +3.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 47 4.0 -1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 77 4.3 -0.8
JGLO JPMorgan Global Select Equity ETF 0.3 33 56 4.1 -1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 43 7.9 +2.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 40 4.5 -0.7
GLOF iShares Global Equity Factor ETF 0.3 20 69 5.4 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 80 4.7 -0.4
DEW WisdomTree Global High Dividend Fund 0.1 58 31 6.9 +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 2.5 x
Less: Expense ratio 89 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.52
 
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.