Is QAT a good investment?

iShares MSCI Qatar ETF (QAT) is a frontier-markets ETF. As of September 11, 2026, ETF Copilot scores QAT 5.6 out of 10 — highest on Valuation (9.7), lowest on Return (0.7). It trades at 11.2 times earnings, against its own median of 13.0. Its ten largest holdings are 72% of the fund.

Updated September 11, 2026

How is QAT rated? ETF Copilot scores iShares MSCI Qatar ETF (QAT) 5.6 out of 10

As of September 11, 2026, ETF Copilot scores iShares MSCI Qatar ETF (QAT) 5.6 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.6 / 10
Growth: 8.0 / 10
Valuation: 9.7 / 10
Risk: 8.9 / 10
Quality: 1.8 / 10
Return: 0.7 / 10

What is QAT's expense ratio? 0.60% a year

As of September 11, 2026, QAT charges 0.60% a year, yields 4.48% and holds $60M in assets across 36 positions.

iShares MSCI Qatar ETF (QAT) — cost, income and size
Measure	QAT
Expense ratio	0.60%
Dividend yield	4.48%
Assets under management	$60M
Holdings	36

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in QAT's data

Qatari large- and mid-cap stocks, a frontier-market bet.

Its valuation sits in line with other frontier funds — no bargain, no premium for this market.

Trailing P/E multiple of 11.2x matches the frontier-market median of 11.2x, and its own five-year median is 13.0x. Top holdings make up 72% of assets.

A frontier-market allocation that bundles Qatar's largest companies in one ticker.

Why did QAT move this week? It rose 0.6% in the week to September 11, 2026 — Qatar Islamic Bank and Qatar Industrial Manufacturing drove it

QAT rose 0.6% in the week to September 11, 2026. The holdings that moved it most were Qatar Islamic Bank (+1.1%), Qatar Industrial Manufacturing (+2.4%) and Ooredoo QSC (+2.0%); Qatar GAS Transport Nakilat (−0.9%) pushed the other way.

Is QAT expensive right now? It trades at 11.2 times earnings, against its own median of 13.0

As of September 11, 2026, QAT is cheaper than 94% of its own 114 monthly readings since 2017 — 7 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside QAT?

What's inside QAT: Size (Large 23%, Mid 38%, Small 39%); Geography (International 100%, US 0%); Tech 0.4%.

What are QAT's top holdings? The ten largest are 72% of the fund

Qatar National Bank, Qatar Islamic Bank, Qatar Industrial Manufacturing, Ooredoo, Qatar GAS Transport, Commercial Bank QSC, AL Rayan Bank, Qatar International Islamic Bank, Qatar Navigation and Qatar Fuel are QAT's largest holdings, in that order.

More concentrated than 83% of Frontier Markets ETFs.

Half of QAT's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 11 equally weighted holdings.

Cite this

ETF Copilot, “iShares MSCI Qatar ETF (QAT) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/qat