Is iShares Emerging Markets Dividend ETF a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
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Source: Benzinga
- Smart Beta ETFs:
- Smart beta ETFs are a type of exchange-traded fund that track non-cap weighted strategies to select stocks with better risk-return performance based on fundamental characteristics.
- They offer various investment choices like equal-weighting, fundamental weighting, and volatility/momentum-based methodologies.
- Fund Details:
- The iShares Emerging Markets Dividend ETF (DVYE) is a smart beta ETF sponsored by Blackrock, seeking to match the performance of the Dow Jones Emerging Markets Select Dividend Index.
- It has assets over $673.93 million, an expense ratio of 0.49%, and a 12-month trailing dividend yield of 8.33%.
- Sector Exposure and Top Holdings:
- DVYE's top holdings include Petroleo Brasileiro Pref Sa (PETR4), Cia Vale Do Rio Doce Sh (VALE3), and Cez (CEZ), accounting for about 29.83% of total assets.
- Performance and Risk:
- Year-to-date, DVYE has gained 5.46% and is up 20.01% over the last 12 months, with a beta of 0.82 and standard deviation of 17.37% for the trailing three-year period.
- With approximately 154 holdings, it offers medium-risk diversification.
- Alternatives:
- Investors seeking alternatives can consider iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard FTSE Emerging Markets ETF (VWO) as other options in the space with different indexes and asset sizes.
Analyst Views on DVYE
Wall Street analysts forecast DVYE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DVYE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.460
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
