IEV
iShares Europe ETF
The iShares S&P Europe 350 Index fund seeks investment results that correspond to the price and yield performance of Standard & Poor's Europe 350 Index. The index consists primarily of large cap stocks traded in Europe's developed-country equity markets.
International
EQUITY
Passive
MANAGEMENT STYLE
1.6 B
ASSETS UNDER MGMT
67 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 25, 2000 |
| Assets (mns) | $1,591 |
| Expense ratio | 67 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVO NORDISK A/S-B | 3.2 % |
| ASML HOLDING NV | 2.8 % |
| SAP AG | 2.5 % |
| NESTLE SA-REG | 2.1 % |
| ASTRAZENECA PLC | 2.0 % |
| ROCHE HOLDING LTD | 1.9 % |
| SHELL PLC | 1.9 % |
| NOVARTIS AG | 1.9 % |
| HSBC HOLDINGS PLC | 1.7 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.6 % |
Constituent Breakdown
| Number of holdings | 363 |
| Herfindahl-Hirschman Index | 87 |
| Wgt avg mkt cap (mns) | $108,836 |
| Large cap (>$10bn) | 94.6% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 23.2 % |
 |
SWITZERLAND | 15.4 % |
 |
FRANCE | 15.3 % |
 |
GERMANY | 14.2 % |
 |
NETHERLANDS | 8.2 % |
 |
DENMARK | 5.0 % |
 |
SWEDEN | 4.7 % |
 |
SPAIN | 4.5 % |
 |
ITALY | 3.9 % |
 |
FINLAND | 1.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.7% | 5.8% | 8.9% | 3.1% | 5.6% | 4.4% | 4.6% | Volatility | 12.9% | 12.9% | 14.9% | 18.4% | 21.5% | 18.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 69% |
| MSCI EAFE | 1.08 | 96% |
| MSCI Emg Mkts | 0.85 | 59% |
Liquidity Measures
| Avg. volume (000) | 174 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $18,670 |
Technical Indicators
| Recent close | $52.34 |
| 30d moving avg. | $53.84 |
| Annualized volatility | 19.2% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.4% |
| 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. IEV |
Expenses vs. IEV |
ALTAR Score™ vs. IEV |
|---|---|---|---|---|
| IEUR | iShares Core MSCI Europe ETF | 85.3% | -56 bp | +0.5% |
| SPEU | SPDR Portfolio Europe ETF | 84.5% | -60 bp | +0.4% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 83.7% | -58 bp | +0.4% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 83.5% | -21 bp | -0.1% |
| VGK | Vanguard FTSE Europe ETF | 83.3% | -56 bp | +0.4% |
| FLEE | Franklin FTSE Europe ETF | 79.7% | -58 bp | +0.5% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 67.5% | -42 bp | +0.5% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 62.5% | -47 bp | 0.0% |
| EFA | iShares MSCI EAFE ETF | 61.9% | -32 bp | +0.4% |
| STXI | Strive International Developed Markets ETF | 58.3% | -38 bp | +0.3% |
Risk and Returns: IEV 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 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
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
IEV
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™
IEV
6.6%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. IEV's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places IEV in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IEVSELL
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 |
| IEV (67 bp) Percentile rank | 91 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IEV | 67.0 | 2.2 | 69.2 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .