iShares MSCI UAE ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 8.7x P/Sales
ratio		 2.5x
P/BV
ratio		 0.0x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI UAE Capped ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of a broad-based index composed of UAE equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Apr 29, 2014
Assets (mns) $287
Currency USD
Expense ratio 59 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $10,889
Large cap (>$10bn) 77.4%
Mid cap ($2-10bn) 7.2%
Small cap (<$2bn) 11.1%
Developed mkts 0.0%
Emerging mkts 95.2%

TOP TEN HOLDINGS
NATIONAL BANK OF ABU DHABI 11.4 %
EMIRATES TELECOMMUNICATIONS GROUP 11.4 %
EMAAR PROPERTIES PJSC 10.4 %
EMIRATES NBD PJSC 8.6 %
ABU DHABI ISLAMIC BANK 4.5 %
ABU DHABI COMMERCIAL BANK 4.5 %
ALDAR PROPERTIES PJSC 4.0 %
DUBAI ISLAMIC BANK 3.5 %
ADNOC GAS PLC 3.3 %
DUBAI ELECTRICITY AND WATER AUTHOR 2.8 %
Total 64.4 %

TOP COUNTRY EXPOSURE
UAE 75.5 %
ABU DHABI 2.5 %
BRITAIN 0.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.6% 11.0% 10.4% 5.9% 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.93 26%
MSCI EAFE 0.83 32%
MSCI Emg. Mkts. 0.49 28%

Technical Indicators
Recent close $19.55
30d moving avg. $19.26
Annualized volatility 14.7%
Short interest (ETF) 3.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 270
Turnover 1.8%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $281

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 109 potential alternatives to the iShares MSCI UAE ETF ETF based on the alternatives' overlap in portfolio holdings with UAE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: UAE Expense: 59 bp ALTAR Score™: 0.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH UAE
Ticker Fund
Name		 Overlap1
vs UAE
(%)		 Expense
ratio
(bp)		 Savings
vs UAE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs UAE
(%)
EDIV SPDR S&P Emerging Markets Dividend ETF 3.9 49 10 9.4 +9.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.6 29 30 9.2 +9.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.6 70 -11 9.9 +9.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.2 44 15 9.7 +9.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.1 25 34 6.0 +6.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.0 12 47 9.3 +9.3
EMIF iShares Emerging Markets Infrastructure ETF 2.7 60 -1 2.9 +2.9
EMXF iShares ESG Advanced MSCI EM ETF 2.0 16 43 6.6 +6.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.0 65 -6 7.4 +7.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.9 25 34 10.5 +10.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 29 7.4 +7.4
VEXC Vanguard Emerging Markets Ex-China ETF 1.7 7 52 5.6 +5.6
XCEM Columbia EM Core ex-China ETF 1.7 16 43 4.8 +4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 44 5.6 +5.6
ECON Columbia Emerging Markets Consumer ETF 1.6 49 10 6.4 +6.4
EMC Global X Emerging Markets Great Consumer ETF 1.6 75 -16 7.1 +7.1
EMM Global X Emerging Markets ex-China ETF 1.6 75 -16 4.6 +4.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.5 33 26 5.9 +5.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.5 35 24 10.0 +10.0
JADE JPMorgan Active Developing Markets Equity ETF 1.5 65 -6 5.9 +5.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.4 41 18 6.8 +6.8
EMGF iShares Emerging Markets Equity Factor ETF 1.4 25 34 8.8 +8.8
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 42 12.9 +12.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 6 4.9 +4.9
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -1 7.8 +7.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 34 4.9 +4.9
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 52 9.5 +9.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 18 4.8 +4.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.2 40 19 6.1 +6.1
VWO Vanguard FTSE Emerging Markets ETF 1.2 7 52 9.3 +9.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 35 5.0 +5.0
AVES Avantis Emerging Markets Value ETF 1.2 36 23 9.0 +9.0
STXE Strive Emerging Markets Ex-China ETF 1.2 32 27 5.1 +5.1
DWX SPDR S&P International Dividend ETF 1.1 45 14 7.0 +7.0
DFEV Dimensional Emerging Markets Value ETF 1.1 43 16 9.1 +9.1
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 26 6.5 +6.5
SCHE Schwab Emerging Markets Equity ETF 1.1 11 48 9.5 +9.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 29 7.9 +7.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 0 8.4 +8.4
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 24 6.9 +6.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.1 69 -10 7.6 +7.6
EEM iShares MSCI Emerging Markets ETF 1.1 69 -10 7.7 +7.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 21 6.9 +6.9
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 34 8.1 +8.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 44 8.0 +8.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 14 8.0 +8.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 23 7.5 +7.5
CGV Conductor Global Equity Value ETF 1.0 130 -71 7.9 +7.9
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 50 8.1 +8.1
WDIV SPDR S&P Global Dividend ETF 1.0 40 19 9.2 +9.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 23 5.8 +5.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 -7 7.3 +7.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 48 24.1 +24.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.8 29 30 6.2 +6.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.8 15 44 8.9 +8.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 26 6.7 +6.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 17 7.6 +7.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 9 7.9 +7.9
AVEM Avantis Emerging Markets Equity ETF 0.7 33 26 6.9 +6.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 20 13.4 +13.4
VYMI Vanguard International High Dividend Yield ETF 0.6 17 42 8.0 +8.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 6.4 +6.4
NXTG First Trust Indxx NextG ETF 0.6 70 -11 3.4 +3.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -6 6.7 +6.7
XC WisdomTree Emerging Markets Ex-China Fund 0.6 32 27 6.9 +6.9
DVYE iShares Emerging Markets Dividend ETF 0.5 49 10 17.8 +17.8
CGXU Capital Group International Focus Equity ETF 0.5 54 5 3.8 +3.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 39 5.8 +5.8
JIVE JPMorgan International Value ETF 0.4 55 4 8.1 +8.1
VSGX Vanguard ESG International Stock ETF 0.4 10 49 6.6 +6.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 29 6.4 +6.4
GLOF iShares Global Equity Factor ETF 0.4 20 39 5.5 +5.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 6.4 +6.4
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 29 6.4 +6.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 55 6.7 +6.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -29 8.5 +8.5
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 6.6 +6.6
VXUS Vanguard Total International Stock ETF 0.3 5 54 6.6 +6.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 18 5.9 +5.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 41 6.4 +6.4
IQDF FlexShares International Quality Dividend Index Fund 0.3 47 12 7.5 +7.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 12 7.2 +7.2
JIG JPMorgan International Growth ETF 0.2 55 4 3.6 +3.6
SCHY Schwab International Dividend Equity ETF 0.2 14 45 8.8 +8.8
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.6 +4.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 51 6.4 +6.4
VT Vanguard Total World Stock ETF 0.1 6 53 5.0 +5.0
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 41 0.0 0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.8 +4.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 4 6.2 +6.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 4.5 +4.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 39 4.7 +4.7
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 24 5.7 +5.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 5.9 +5.9
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 50 6.5 +6.5
IEUR iShares Core MSCI Europe ETF 0.0 11 48 6.6 +6.6
VGK Vanguard FTSE Europe ETF 0.0 6 53 6.8 +6.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 6.1 +6.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 28 5.5 +5.5
JHMD John Hancock Multifactor Developed International ETF 0.0 39 20 6.3 +6.3
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 3.9 +3.9
FLGB Franklin FTSE United Kingdom ETF 0.0 9 50 6.9 +6.9
IEFA iShares Core MSCI EAFE ETF 0.0 7 52 6.1 +6.1
EFA iShares MSCI EAFE ETF 0.0 35 24 5.8 +5.8
EWU iShares MSCI United Kingdom ETF 0.0 50 9 7.5 +7.5
TMFG Motley Fool Global Opportunities ETF 0.0 85 -26 4.0 +4.0
FLEE Franklin FTSE Europe ETF 0.0 9 50 6.6 +6.6
SCHF Schwab International Equity ETF 0.0 6 53 5.9 +5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 20 7.0 +7.0

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 UAE 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 0.0 %
Divided by: Fwd. P/BV 0.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 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.