CES1.L
iShares MSCI EMU Small Cap UCITS ETF
Europe
EQUITY
Passive
MANAGEMENT STYLE
£
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Inception date | Jul 01, 2009 |
| Regulation | UCITS |
| ISIN | IE00B3VWMM18 |
| Distributions | |
| Currency | GBp |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| KONECRANES OYJ | 3.0 % |
| GAZTRANSPORT & TECHNIGAZ SA | 1.4 % |
| SPIE SA | 1.3 % |
| ACKERMANS & VAN HAAREN | 1.2 % |
| NORDEX AG | 1.2 % |
| LOTTOMATICA GROUP SPA | 1.2 % |
| SAIPEM S.P.A. | 1.1 % |
| AEDIFICA | 1.1 % |
| NEXANS SA | 1.1 % |
| IMCD N.V. | 1.1 % |
Constituent Breakdown
| Number of holdings | 394 |
| Herfindahl-Hirschman Index | 57 |
| Wgt avg mkt cap (mns) | $3,879 |
| Large cap (>$10bn) | 4.2% |
| Mid cap ($2-10bn) | 64.2% |
| Small cap (<$2bn) | 17.6% |
| Developed mkts. | 86.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
FRANCE | 18.6 % |
 |
GERMANY | 17.3 % |
 |
ITALY | 11.8 % |
 |
BELGIUM | 7.8 % |
 |
SPAIN | 7.7 % |
 |
FINLAND | 7.3 % |
 |
NETHERLANDS | 7.2 % |
 |
AUSTRIA | 4.8 % |
 |
LUXEMBOURG | 1.9 % |
 |
PORTUGAL | 1.1 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.2% | 22.6% | 13.3% | 10.9% | 6.0% | 9.8% | -- | 9.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | 0.0% |
| Total Returns | 4.2% | 22.6% | 13.3% | 10.9% | 6.0% | 9.8% | -- | 9.9% | Ann. Volatility | 9.9% | 10.3% | 13.8% | 13.5% | 15.9% | 15.9% | -- | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.40 | 19% |
| MSCI EAFE | 0.39 | 20% |
| MSCI Emg Mkts | 0.29 | 17% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $29,912.63 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 239.99/274.57 |
| Bollinger Bands (Upper/Lower) | $30,552.61/$29,814.89 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CES1.L |
Expenses vs. CES1.L |
ALTAR Score™ vs. CES1.L |
|---|---|---|---|---|
| MMS.L | Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF Dis | 41.2% | -18 bp | -1.9% |
| DJSC.L | iShares EURO STOXX Small UCITS ETF | 35.9% | -18 bp | +1.0% |
| X026.DE | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF | 34.4% | -35 bp | -0.1% |
| XXSC.DE | Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 33.8% | -28 bp | +0.3% |
| XZSE.DE | Xtrackers MSCI Europe Small Cap ESG UCITS ETF 1C | 31.9% | -33 bp | +0.4% |
| EXID.DE | iShares MDAX UCITS ETF (DE) | 13.3% | -7 bp | -2.4% |
| EXS3.DE | iShares MDAX UCITS ETF (DE) | 13.3% | -7 bp | -2.4% |
| MD4X.DE | Amundi MDAX UCITS ETF Dist | 13.0% | -38 bp | -2.1% |
| EEIA.L | WisdomTree Europe Equity Income UCITS ETF Acc | 11.6% | -29 bp | +2.2% |
| EEI.L | WisdomTree Europe Equity Income UCITS ETF | 11.6% | -29 bp | +2.2% |
Risk and Returns: CES1.L 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 (GBP)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/10/2026
Peer Group Comparison
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ETF Research Center Rating
6.9%
ALTAR SCORE™
52nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 246 funds in the Europe Equity category with an average
ALTAR Score™ of 6.9% and a standard deviation
of 1.3%. CES1.L's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places CES1.L in the 52nd percentile
among funds in the category.
Sell-Side Consensus
£
PRICE TARGET
-100.0%
UPSIDE