EWH
iShares MSCI Hong Kong ETF
The iShares MSCI Hong Kong Index fund seeks investment results that correspond to the price and yield performance of the MSCI Hong Kong Index. The index consists primarily of large cap stocks traded on the Hong Kong Stock Exchange.
International
EQUITY
Passive
MANAGEMENT STYLE
632.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 12, 1996 |
| Assets (mns) | $633 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AIA GROUP LTD | 22.7 % |
| HONG KONG EXCHANGES & CLEAR | 13.9 % |
| TECHTRONIC INDUSTRIES CO | 4.8 % |
| SUN HUNG KAI PROPERTIES | 4.4 % |
| CK HUTCHISON HOLDINGS LTD | 4.0 % |
| CLP HOLDINGS LTD | 4.0 % |
| BOC HONG KONG HOLDINGS LTD | 3.9 % |
| LINK REIT | 3.6 % |
| GALAXY ENTERTAINMENT GROUP L | 3.5 % |
| HANG SENG BANK LTD | 3.0 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 898 |
| Wgt avg mkt cap (mns) | $41,081 |
| Large cap (>$10bn) | 91.1% |
| Mid cap ($2-10bn) | 8.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.4% |
| Emerging mkts. | 3.6% |
Country Exposure
 |
HONG KONG | 96.0 % |
 |
MACAU | 2.1 % |
 |
BERMUDA | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.5% | 17.2% | 12.2% | -5.4% | -1.7% | 1.7% | 4.2% | Volatility | 24.0% | 23.5% | 22.1% | 21.1% | 22.1% | 19.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 7% |
| MSCI EAFE | 0.78 | 30% |
| MSCI Emg Mkts | 1.14 | 62% |
Liquidity Measures
| Avg. volume (000) | 2,309 |
| Turnover | 6.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $1,007 |
Technical Indicators
| Recent close | $16.94 |
| 30d moving avg. | $18.35 |
| Annualized volatility | 25.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 10.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWH |
Expenses vs. EWH |
ALTAR Score™ vs. EWH |
|---|---|---|---|---|
| FLHK | Franklin FTSE Hong Kong ETF | 79.7% | -41 bp | +0.6% |
| DVYA | iShares Asia/Pacific Dividend ETF | 25.8% | -1 bp | +2.6% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 17.0% | -3 bp | -1.4% |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 15.5% | -31 bp | -1.0% |
Risk and Returns: EWH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EWH
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
EWH
6.3%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. EWH's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places EWH in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EWHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| EWH (50 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EWH | 50.0 | 5.8 | 55.8 |
| Peer Avg. | 42.0 | 17.5 | 59.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .