FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 2.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 24.4x P/Sales
ratio		 2.1x
P/BV
ratio		 3.0x Div.
yield		 0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FMQQ is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts
Website fmqqetf.com/
Inception date Sep 27, 2021
Assets (mns) $25
Currency USD
Expense ratio 86 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 77
Wgt avg mkt cap (mns) $42,734
Large cap (>$10bn) 71.2%
Mid cap ($2-10bn) 23.1%
Small cap (<$2bn) 5.8%
Developed mkts 22.8%
Emerging mkts 77.2%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 9.1 %
NU HOLDINGS LTD. CLASS A 7.5 %
SEA LTD. (SINGAPORE) SPONSORED ADR 7.0 %
MERCADOLIBRE INC 6.7 %
BAJAJ FINANCE LIMITED 5.9 %
COUPANG, INC. CLASS A 5.6 %
NHN CORP 5.3 %
ZOMATO LTD. 4.2 %
DAUM COMMUNICATIONS CORP 4.2 %
XP INC. CLASS A 3.2 %
Total 58.8 %

TOP COUNTRY EXPOSURE
INDIA 28.8 %
SOUTH KOREA 18.6 %
SINGAPORE 9.4 %
CAYMAN ISLANDS 7.5 %
BRAZIL 7.3 %
ARGENTINA 6.9 %
JAPAN 2.7 %
INDONESIA 2.0 %
GERMANY 2.0 %
KAZAKHSTAN 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.2% 12.0% -- -- -24.6%

Market Correlations
versus... Beta R-squared
S&P500 1.31 75%
MSCI EAFE 1.30 71%
MSCI Emg. Mkts. 1.18 61%

Technical Indicators
Recent close $12.01
30d moving avg. $10.74
Annualized volatility 28.8%
Short interest (ETF) 2.3%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $2,204

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 421 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMQQ Expense: 86 bp ALTAR Score™: 2.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FMQQ
Ticker Fund
Name		 Overlap1
vs FMQQ
(%)		 Expense
ratio
(bp)		 Savings
vs FMQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FMQQ
(%)
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 41.6 86 0 1.9 -0.0
INQQ India Internet & Ecommerce ETF 28.9 86 0 10.8 +8.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 23.4 60 26 0.9 -1.0
EMFQ Amplify Emerging Markets FinTech ETF 19.5 69 17 5.4 +3.5
IPO Renaissance IPO ETF 13.6 60 26 -3.2 -5.2
SOCL Global X Social Media ETF 12.8 65 21 -5.5 -7.5
OND ProShares On-Demand ETF 11.9 58 28 -2.4 -4.4
INDA iShares MSCI India ETF 11.8 65 21 3.7 +1.7
FLIN Franklin FTSE India ETF 11.3 19 67 5.2 +3.3
INDY iShares India 50 ETF 11.2 89 -3 3.7 +1.8
DGIN VanEck Digital India ETF 10.8 71 15 1.6 -0.3
PIN Invesco India ETF 10.7 78 8 3.8 +1.8
ONLN ProShares Online Retail ETF 10.2 58 28 3.0 +1.1
KPOP KPOP and Korean Entertainment ETF 10.1 75 11 -9.2 -11.1
FDNI First Trust Dow Jones International Internet ETF 9.9 65 21 2.8 +0.8
MINV Matthews Asia Innovators Active ETF 9.6 79 7 2.8 +0.9
EBIZ Global X E-Commerce ETF 9.2 50 36 1.2 -0.8
ESPO VanEck Video Gaming and eSports ETF 8.9 56 30 4.5 +2.5
EPI WisdomTree India Earnings Fund 8.8 85 1 6.6 +4.6
BPAY BlackRock Future Financial and Technology ETF 8.8 70 16 8.5 +6.5
EWS iShares MSCI Singapore ETF 8.1 50 36 4.1 +2.1
CGXU Capital Group International Focus Equity ETF 7.9 54 32 4.1 +2.2
AOTG AOT Growth and Innovation ETF 7.5 75 11 3.1 +1.1
IBUY Amplify Online Retail ETF 7.4 65 21 1.8 -0.2
ARGT Global X MSCI Argentina ETF 6.9 59 27 7.0 +5.1
IWFH iShares Virtual Work and Life Multisector ETF 6.4 47 39 -3.5 -5.4
FPXI First Trust International Equity Opportunities ETF 6.3 70 16 3.7 +1.7
ARKF ARK Fintech Innovation ETF 5.9 75 11 -2.3 -4.2
BUYZ Franklin Disruptive Commerce ETF 5.8 50 36 2.1 +0.1
LDEM iShares ESG MSCI EM Leaders ETF 5.7 17 69 7.7 +5.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.7 75 11 5.2 +3.2
LOUP Innovator Deepwater Frontier Tech ETF 5.6 70 16 2.4 +0.4
FLKR Franklin FTSE South Korea ETF 5.5 9 77 9.3 +7.4
ILF iShares Latin America 40 ETF 5.5 48 38 10.2 +8.3
BRAZ Global X Brazil Active ETF 5.3 75 11 10.2 +8.2
DINT Davis Select International ETF 5.2 55 31 4.7 +2.8
BLOK Amplify Transformational Data Sharing ETF 5.1 75 11 1.2 -0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.0 20 66 7.4 +5.5
INCO Columbia India Consumer ETF 5.0 75 11 1.6 -0.3
XC WisdomTree Emerging Markets Ex-China Fund 4.9 32 54 6.2 +4.2
MEM Matthews Emerging Markets Equity Active ETF 4.9 79 7 5.7 +3.8
ISHP First Trust Nasdaq Retail ETF 4.9 60 26 3.1 +1.2
FLN First Trust Latin America AlphaDEX Fund 4.8 80 6 11.0 +9.1
PNQI Invesco NASDAQ Internet ETF 4.8 60 26 2.6 +0.6
HERO Global X Video Games & Esports ETF 4.7 50 36 5.0 +3.1
INDF Nifty India Financials ETF 4.7 75 11 5.9 +3.9
NERD Roundhill Video Games ETF 4.6 50 36 8.0 +6.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.5 75 11 3.2 +1.2
EWY iShares MSCI South Korea ETF 4.4 58 28 8.5 +6.5
BKF iShares MSCI BIC ETF 4.4 69 17 7.0 +5.1
FBZ First Trust Brazil AlphaDEX Fund 4.2 80 6 11.9 +10.0
EMC Global X Emerging Markets Great Consumer ETF 4.2 75 11 4.9 +2.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 4.1 80 6 6.2 +4.2
ESGE iShares ESG Aware MSCI EM ETF 4.1 25 61 7.6 +5.7
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 26 3.0 +1.0
FMET Fidelity Metaverse ETF 4.0 39 47 4.4 +2.4
DFEV Dimensional Emerging Markets Value ETF 4.0 43 43 10.8 +8.8
EMM Global X Emerging Markets ex-China ETF 3.9 75 11 3.7 +1.7
STXE Strive Emerging Markets Ex-China ETF 3.8 32 54 6.9 +4.9
EMXC iShares MSCI Emerging Markets ex China ETF 3.7 25 61 6.6 +4.7
CBSE Clough Select Equity ETF 3.7 85 1 -2.3 -4.2
METV Roundhill Ball Metaverse ETF 3.7 59 27 3.3 +1.4
FRDM Freedom 100 Emerging Markets ETF 3.6 49 37 7.3 +5.3
VIGI Vanguard International Dividend Appreciation ETF 3.6 15 71 5.6 +3.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.5 70 16 6.2 +4.3
BTEK Future Tech ETF 3.5 88 -2 2.1 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 3.5 29 57 6.1 +4.2
BKEM BNY Mellon Emerging Markets Equity ETF 3.4 11 75 7.7 +5.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.4 36 50 7.4 +5.5
EEMA iShares MSCI Emerging Markets Asia ETF 3.4 49 37 6.6 +4.7
CLOD Themes Cloud Computing ETF 3.3 35 51 3.7 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 67 7.1 +5.2
SMIN iShares MSCI India Small Cap ETF 3.2 79 7 4.3 +2.3
TIME Clockwise Core Equity & Innovation ETF 3.1 95 -9 2.0 +0.1
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.1 75 11 5.5 +3.6
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 11 8.2 +6.2
GBUY Goldman Sachs Future Consumer Equity ETF 3.0 75 11 3.1 +1.2
FILL iShares MSCI Global Energy Producers ETF 3.0 39 47 9.4 +7.4
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 3.0 106 -20 3.0 +1.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.9 18 68 7.9 +5.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.9 33 53 7.1 +5.2
FINX Global X FinTech ETF 2.8 68 18 3.3 +1.4
OGIG ALPS O'Shares Global Internet Giants ETF 2.8 48 38 0.4 -1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 2.8 36 50 6.8 +4.8
TRFM AAM Transformers ETF 2.7 49 37 1.3 -0.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.7 75 11 9.5 +7.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.7 66 20 7.1 +5.2
ARVR First Trust Indxx Metaverse ETF 2.7 70 16 2.5 +0.5
INNO Harbor Disruptive Innovation ETF 2.7 75 11 -3.6 -5.5
EEM iShares MSCI Emerging Markets ETF 2.7 69 17 6.9 +5.0
KOIN Capital Link Global Fintech Leaders ETF 2.7 75 11 4.7 +2.7
EPOL iShares MSCI Poland ETF 2.7 59 27 10.6 +8.6
AADR AdvisorShares Dorsey Wright ADR ETF 2.7 110 -24 5.4 +3.4
BITQ Bitwise Crypto Industry Innovators ETF 2.6 85 1 -5.1 -7.0
IEMG iShares Core MSCI Emerging Markets ETF 2.5 9 77 7.5 +5.5
JOET Virtus Terranova US Quality Momentum ETF 2.5 29 57 5.3 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 2.5 49 37 8.3 +6.3
MILN Global X Millennial Consumer ETF 2.4 50 36 2.4 +0.5
GINN Goldman Sachs Innovate Equity ETF 2.4 52 34 2.7 +0.8
VWO Vanguard FTSE Emerging Markets ETF 2.4 8 78 7.5 +5.6
GURU Global X Guru Index ETF 2.4 75 11 2.5 +0.6
NDIA Global X India Active ETF 2.4 75 11 6.5 +4.5
CHAT Roundhill Generative AI & Technology ETF 2.3 75 11 4.3 +2.3
XNTK SPDR NYSE Technology ETF 2.3 35 51 4.0 +2.1
HAIL SPDR S&P Kensho Smart Mobility ETF 2.2 45 41 -2.0 -4.0
SCHE Schwab Emerging Markets Equity ETF 2.2 11 75 7.5 +5.6
SFYF SoFi Social 50 ETF 2.2 29 57 -2.6 -4.6
FDIG Fidelity Crypto Industry and Digital Payments ETF 2.2 39 47 -1.4 -3.4
DWLD Davis Select Worldwide ETF 2.1 63 23 5.7 +3.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.1 32 54 7.5 +5.6
KOMP SPDR S&P Kensho New Economies Composite ETF 2.1 20 66 2.1 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.0 15 71 7.0 +5.1
TMFG Motley Fool Global Opportunities ETF 2.0 85 1 3.3 +1.4
RAYD Rayliant Quantitative Developed Market Equity ETF 2.0 80 6 4.5 +2.6
ARKW ARK Next Generation Internet ETF 2.0 87 -1 -3.0 -4.9
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 70 7.4 +5.4
EMGF iShares Emerging Markets Equity Factor ETF 1.9 25 61 8.6 +6.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.8 59 27 9.5 +7.5
FXO First Trust Financials AlphaDEX Fund 1.8 62 24 9.3 +7.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 54 6.2 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -9 11.3 +9.3
GVIP Goldman Sachs Hedge Industry VIP ETF 1.8 45 41 4.7 +2.7
AWAY ETFMG Travel Tech ETF 1.8 76 10 -4.1 -6.1
SMCP AlphaMark Actively Managed Small Cap ETF 1.8 90 -4 6.9 +5.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.7 39 47 4.9 +3.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.6 45 41 1.4 -0.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.6 68 18 5.4 +3.5
EPP iShares MSCI Pacific ex-Japan ETF 1.6 47 39 5.4 +3.4
CGGO Capital Group Global Growth Equity ETF 1.6 47 39 4.3 +2.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.6 40 46 4.2 +2.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 26 5.6 +3.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 41 8.5 +6.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.5 70 16 7.1 +5.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.5 60 26 9.9 +8.0
NULG Nuveen ESG Large-Cap Growth ETF 1.5 26 60 4.4 +2.5
XCEM Columbia EM Core ex-China ETF 1.5 16 70 7.3 +5.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.5 24 62 7.1 +5.2
PEJ Invesco Leisure and Entertainment ETF 1.5 58 28 0.4 -1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.4 39 47 12.4 +10.5
IPOS Renaissance International IPO ETF 1.4 80 6 -164.0 -165.9
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 51 7.7 +5.7
AFK VanEck Africa Index ETF 1.4 98 -12 9.8 +7.8
NULC Nuveen ESG Large-Cap ETF 1.4 21 65 5.6 +3.6
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 79 7.4 +5.5
AVEM Avantis Emerging Markets Equity ETF 1.4 33 53 9.0 +7.1
QQQN VictoryShares Nasdaq Next 50 ETF 1.4 18 68 4.6 +2.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 78 4.9 +2.9
IWP iShares Russell Mid-Cap Growth ETF 1.3 23 63 3.9 +1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 49 37 12.3 +10.4
PSC Principal U.S. Small-Cap ETF 1.3 38 48 6.6 +4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.2 30 56 7.4 +5.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.2 70 16 4.6 +2.6
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 41 3.4 +1.4
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 6 16.0 +14.1
PWB Invesco Large Cap Growth ETF 1.1 56 30 3.1 +1.2
DTEC ALPS Disruptive Technologies ETF 1.1 50 36 3.3 +1.3
EWX SPDR S&P Emerging Markets Small Cap ETF 1.1 65 21 7.6 +5.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 45 7.7 +5.8
JIG JPMorgan International Growth ETF 1.1 55 31 4.4 +2.4
VCR Vanguard Consumer Discretionary ETF 1.1 10 76 4.7 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.1 44 42 10.2 +8.3
AVES Avantis Emerging Markets Value ETF 1.1 36 50 12.0 +10.0
FPAG FPA Global Equity ETF 1.1 49 37 5.7 +3.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.1 47 39 0.7 -1.3
FDEV Fidelity International Multifactor ETF 1.0 18 68 7.5 +5.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.0 75 11 3.8 +1.9
TTAC FCF US Quality ETF 1.0 59 27 6.6 +4.7
CZA Invesco Zacks Mid-Cap ETF 1.0 72 14 6.4 +4.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 37 6.3 +4.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 51 4.9 +2.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 28 4.9 +2.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 34 52 6.7 +4.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.9 15 71 4.8 +2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 48 8.1 +6.2
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 79 6.9 +5.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 45 6.6 +4.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -2 6.1 +4.2
VXUS Vanguard Total International Stock ETF 0.8 7 79 7.1 +5.2
AIA iShares Asia 50 ETF 0.8 50 36 6.8 +4.9
GLIN VanEck India Growth Leaders ETF 0.8 77 9 5.3 +3.3
BRF VanEck Brazil Small-Cap ETF 0.8 66 20 7.8 +5.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 61 11.8 +9.8
TPIF Timothy Plan International ETF 0.8 62 24 6.8 +4.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.7 20 66 5.5 +3.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 21 1.6 -0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.7 40 46 7.1 +5.2
AVLV Avantis U.S. Large Cap Value ETF 0.7 15 71 7.6 +5.7
LRGF iShares U.S. Equity Factor ETF 0.7 8 78 5.9 +3.9
JGRO JPMorgan Active Growth ETF 0.7 44 42 3.4 +1.5
IXP iShares Global Comm Services ETF 0.7 42 44 5.3 +3.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 78 7.2 +5.2
IYF iShares U.S. Financials ETF 0.7 40 46 6.4 +4.4
DGT SPDR Global Dow ETF 0.6 50 36 6.7 +4.8
IQDE FlexShares International Quality Dividend Defensive Index ET 0.6 47 39 10.6 +8.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 58 28 10.0 +8.0
VPL Vanguard FTSE Pacific ETF 0.6 8 78 6.9 +5.0
WUGI AXS Esoterica NextG Economy ETF 0.6 75 11 2.2 +0.2
KOCG FIS Knights of Columbus Global Belief ETF 0.6 75 11 5.3 +3.4
EIDO iShares MSCI Indonesia ETF 0.6 59 27 7.6 +5.6
IDX VanEck Indonesia Index ETF 0.6 57 29 7.8 +5.9
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 26 4.1 +2.2
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 56 6.8 +4.9
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 21 4.3 +2.4
DSTX Distillate International Fundamental Stability & Value ETF 0.5 55 31 8.1 +6.1
QQQM Invesco NASDAQ 100 ETF 0.5 15 71 4.7 +2.8
QQQ Invesco QQQ Trust Series I 0.5 20 66 4.7 +2.7
VSGX Vanguard ESG International Stock ETF 0.5 12 74 6.9 +4.9
FFTY Innovator IBD 50 ETF 0.5 80 6 0.1 -1.9
IWR iShares Russell Midcap ETF 0.5 19 67 5.8 +3.8
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 73 2.8 +0.8
QINT American Century Quality Diversified International ETF 0.5 39 47 7.4 +5.5
JETS U.S. Global Jets ETF 0.5 60 26 -15.9 -17.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.5 51 35 6.8 +4.9
FFND Future Fund Active ETF 0.5 100 -14 0.3 -1.7
MRAD SmartETFs Advertising & Marketing Technology ETF 0.5 68 18 4.2 +2.2
XITK SPDR FactSet Innovative Technology ETF 0.5 45 41 2.7 +0.7
IPAC iShares Core MSCI Pacific ETF 0.5 9 77 6.6 +4.7
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 66 4.8 +2.8
WWJD Inspire International ETF 0.5 80 6 7.2 +5.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 83 6.9 +5.0
CIL VictoryShares International Volatility Wtd ETF 0.5 45 41 6.9 +4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 36 10.4 +8.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 47 6.9 +4.9
ISZE iShares MSCI Intl Size Factor ETF 0.5 30 56 6.6 +4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 79 6.5 +4.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 3.9 +2.0
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 3.8 +1.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -4 6.8 +4.9
IGRO iShares International Dividend Growth ETF 0.5 15 71 7.1 +5.2
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 58 4.7 +2.8
EFG iShares MSCI EAFE Growth ETF 0.4 36 50 4.1 +2.2
FLBR Franklin FTSE Brazil ETF 0.4 19 67 12.3 +10.3
VT Vanguard Total World Stock ETF 0.4 7 79 5.9 +3.9
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 27 8.1 +6.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 47 4.6 +2.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 71 5.8 +3.9
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 71 3.8 +1.8
VIDI Vident International Equity Strategy ETF 0.4 61 25 11.9 +10.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 61 7.0 +5.0
ACWI iShares MSCI ACWI ETF 0.4 32 54 5.5 +3.6
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 50 4.8 +2.9
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 61 5.7 +3.7
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 16 3.5 +1.5
EWG iShares MSCI Germany ETF 0.4 50 36 6.6 +4.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.4 61 25 5.1 +3.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 6 14.0 +12.1
ILCG iShares Morningstar Growth ETF 0.4 4 82 4.1 +2.2
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 5.3 +3.3
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 5.1 +3.1
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -3 4.8 +2.8
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 71 1.7 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 66 5.6 +3.7
IWO iShares Russell 2000 Growth ETF 0.3 24 62 1.4 -0.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 77 5.1 +3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 37 6.7 +4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 56 7.8 +5.8
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 74 4.9 +2.9
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 4.3 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 6.8 +4.9
FLGR Franklin FTSE Germany ETF 0.3 9 77 7.2 +5.2
EWZ iShares MSCI Brazil ETF 0.3 58 28 11.8 +9.8
GLOF iShares Global Equity Factor ETF 0.3 20 66 7.1 +5.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 61 6.9 +4.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 76 5.2 +3.2
AVUS Avantis U.S. Equity ETF 0.3 15 71 6.1 +4.2
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 37 5.0 +3.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 8.5 +6.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 11 4.7 +2.8
WRND IQ Global Equity R&D Leaders ETF 0.3 18 68 7.2 +5.2
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.3 38 48 6.8 +4.8
GDEF Goldman Sachs Defensive Equity ETF 0.3 55 31 4.4 +2.5
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 73 7.3 +5.4
RVRB Reverb ETF 0.3 30 56 5.0 +3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.7 +3.8
FLLA Franklin FTSE Latin America ETF 0.3 19 67 11.6 +9.6
MVPS Amplify Thematic All-Stars ETF 0.3 49 37 1.7 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 5.2 +3.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 0.3 45 41 6.4 +4.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 76 5.5 +3.6
IWM iShares Russell 2000 ETF 0.3 19 67 3.6 +1.7
VTWO Vanguard Russell 2000 ETF 0.3 10 76 3.9 +1.9
MOON Direxion Moonshot Innovators ETF 0.3 65 21 0.0 -2.0
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 18 4.2 +2.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 68 4.4 +2.4
VEA Vanguard FTSE Developed Markets ETF 0.3 5 81 7.0 +5.1
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.2 +4.3
IXG iShares Global Financials ETF 0.3 42 44 6.9 +5.0
IVRS iShares Future Metaverse Tech and Communications ETF 0.3 47 39 -5.3 -7.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 51 6.4 +4.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 66 6.7 +4.8
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 4.9 +3.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 66 6.3 +4.3
JRNY ALPS Global Travel Beneficiaries ETF 0.2 65 21 0.0 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 74 5.1 +3.1
SCHF Schwab International Equity ETF 0.2 6 80 7.0 +5.1
FBCG Fidelity Blue Chip Growth ETF 0.2 59 27 2.6 +0.6
BLES Inspire Global Hope ETF 0.2 61 25 6.4 +4.4
BFOR ALPS Barron's 400 ETF 0.2 65 21 6.7 +4.7
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 27 5.7 +3.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 76 4.8 +2.9
EFA iShares MSCI EAFE ETF 0.2 35 51 6.4 +4.5
BKIE BNY Mellon International Equity ETF 0.2 4 82 6.9 +4.9
VOTE TCW Transform 500 ETF 0.2 5 81 5.3 +3.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 5.2 +3.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 5.3 +3.3
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 27 8.3 +6.4
IEDI iShares U.S. Consumer Focused ETF 0.2 18 68 5.1 +3.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 5.2 +3.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 5.3 +3.3
IWN iShares Russell 2000 Value ETF 0.2 24 62 5.6 +3.7
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 5.3 +3.3
VTWV Vanguard Russell 2000 Value ETF 0.2 15 71 5.8 +3.9
SCHC Schwab International Small-Cap Equity ETF 0.2 11 75 6.4 +4.5
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 10.8 +8.8
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.0 +6.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 79 2.7 +0.8
JPXN iShares JPX-Nikkei 400 ETF 0.2 48 38 7.4 +5.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 50 6.4 +4.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 5.3 +3.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 6.0 +4.1
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 6.7 +4.8
IWS iShares Russell Mid-Cap Value ETF 0.2 23 63 6.7 +4.7
APIE ActivePassive International Equity ETF 0.2 45 41 7.8 +5.8
SXQG ETC 6 Meridian Quality Growth ETF 0.2 100 -14 4.5 +2.5
BBJP JPMorgan BetaBuilders Japan ETF 0.2 19 67 7.1 +5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 66 6.8 +4.8
IWF iShares Russell 1000 Growth ETF 0.2 19 67 4.7 +2.8
DFIS Dimensional International Small Cap ETF 0.2 39 47 6.7 +4.8
VONG Vanguard Russell 1000 Growth ETF 0.2 8 78 4.9 +2.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.5 +3.6
TTAI FCF International Quality ETF 0.2 59 27 7.4 +5.5
TMFC Motley Fool 100 Index ETF 0.2 50 36 4.0 +2.1
SUSA iShares MSCI USA ESG Select ETF 0.2 25 61 5.4 +3.4
TOK iShares MSCI Kokusai ETF 0.2 26 60 5.3 +3.4
URTH iShares MSCI World ETF 0.2 24 62 5.4 +3.5
GWX SPDR S&P International Small Cap ETF 0.2 40 46 6.6 +4.6
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 62 6.8 +4.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 66 7.3 +5.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.7 +3.7
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 5.3 +3.3
FLJP Franklin FTSE Japan ETF 0.1 9 77 7.1 +5.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.1 47 39 6.4 +4.5
PBUS Invesco MSCI USA ETF 0.1 4 82 5.3 +3.4
EWJ iShares MSCI Japan ETF 0.1 50 36 6.7 +4.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.1 31 55 6.4 +4.5
RECS Columbia Research Enhanced Core ETF 0.1 15 71 5.6 +3.7
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 77 6.8 +4.8
SIZE iShares MSCI USA Size Factor ETF 0.1 15 71 6.1 +4.1
VTHR Vanguard Russell 3000 ETF 0.1 10 76 5.1 +3.2
IWV iShares Russell 3000 ETF 0.1 20 66 5.0 +3.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 5.8 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 8.5 +6.6
EUSA iShares MSCI USA Equal Weighted ETF 0.1 9 77 6.2 +4.3
IWB iShares Russell 1000 ETF 0.1 15 71 5.2 +3.2
VONE Vanguard Russell 1000 ETF 0.1 8 78 5.3 +3.3
SMMD iShares Russell 2500 ETF 0.1 15 71 6.0 +4.1
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.6 +4.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 19 9.4 +7.5
VGK Vanguard FTSE Europe ETF 0.1 11 75 6.9 +4.9
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 5.6 +3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 44 6.9 +4.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.2 +3.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 52 10.6 +8.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 66 6.4 +4.4
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.3 +4.3
REVS Columbia Research Enhanced Value ETF 0.1 19 67 7.8 +5.9
AVDV Avantis International Small Cap Value ETF 0.1 36 50 8.0 +6.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 47 7.6 +5.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.1 25 61 7.7 +5.7
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.4 +4.5
IUS Invesco RAFI Strategic US ETF 0.1 19 67 7.4 +5.4
FLEU Franklin FTSE Eurozone ETF 0.1 9 77 6.8 +4.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 7.4 +5.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.2 +3.2
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 6.8 +4.8
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.9 +4.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.4 +3.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 6 11.0 +9.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 7.3 +5.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.8 +6.8
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 1 -0.9 -2.8
VONV Vanguard Russell 1000 Value ETF 0.1 8 78 6.8 +4.9
IWD iShares Russell 1000 Value ETF 0.1 19 67 6.6 +4.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 56 5.8 +3.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.3 +4.3
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.4 +5.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 62 6.3 +4.3
IEV iShares Europe ETF 0.1 67 19 6.2 +4.2
FMIL Fidelity New Millennium ETF 0.1 59 27 4.3 +2.4
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 68 4.5 +2.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 72 5.4 +3.5
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 44 0.0 -2.0
AVDE Avantis International Equity ETF 0.0 23 63 7.9 +6.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 6.9 +5.0
ILCV iShares Morningstar Value ETF 0.0 4 82 6.8 +4.8
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 38 7.6 +5.6
IEUR iShares Core MSCI Europe ETF 0.0 11 75 -1.3 -3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.0 4 82 6.2 +4.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 6.3 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 56 6.9 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 9.1 +7.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 71 4.9 +3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.7 +6.8
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 69 7.2 +5.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 11 3.8 +1.8
STXG Strive 1000 Growth ETF 0.0 18 68 4.2 +2.3
EPS WisdomTree U.S. LargeCap Fund 0.0 8 78 6.3 +4.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 46 0.0 -2.0
ROAM Hartford Multifactor Emerging Markets ETF 0.0 44 42 11.6 +9.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.2 +5.2
STRV Strive 500 ETF 0.0 5 81 5.2 +3.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.5 +5.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.9 +4.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 8.6 +6.6
VYMI Vanguard International High Dividend Yield ETF 0.0 22 64 9.7 +7.8
TGRW T. Rowe Price Growth Stock ETF 0.0 52 34 4.2 +2.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 77 8.1 +6.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 56 6.1 +4.1
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 71 6.1 +4.2
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 29 3.6 +1.6
STXV Strive 1000 Value ETF 0.0 18 68 7.9 +6.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 FMQQ The Next Frontier Internet & Ecommerce ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.39
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.