ETF Research Center

AdvisorShares Dorsey Wright ADR ETF

ALTAR
Score™

5.9%

Recommen-
dation

AVOID

2025E 2026E
P/E ratio	12.9x	P/Sales ratio	1.9x
P/BV ratio	1.9x	Div. yield	2.6%

Description
Performance
Comps
Fundamentals
Valuation
Rating

AADR is an actively managed ETF that seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. The fund invests in a concentrated, high-quality, large-cap growth portfolio for the non-U.S. universe.

FUND BASICS
Category	International Equities
Fund Sponsor	AdvisorShares Trust
Website
Inception date	Jul 20, 2010
Assets (mns)	$33
Currency	USD
Expense ratio	110 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Bank of New York Mellon
Weighting	Proprietary
Index replication	n/a
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	37
Wgt avg mkt cap (mns)	$78,657
Large cap (>$10bn)	63.1%
Mid cap ($2-10bn)	30.3%
Small cap (<$2bn)	6.6%
Developed mkts	45.5%
Emerging mkts	54.5%

TOP TEN HOLDINGS
Total	40.9 %
EMBRAER SA-ADR	5.0 %
GRUPO FINANCIERO GALICIA-ADR	4.9 %
VERONA PHARMA PLC ADR	4.7 %
BANCO MACRO SA-ADR	4.3 %
21VIANET GROUP, INC. SPONSORED ADR	4.1 %
YPF S.A.-SPONSORED ADR	3.8 %
360 FINANCE, INC. ADR CLASS A	3.7 %
PAMPA ENERGIA SA-SPON ADR	3.6 %
MITSUBISHI UFJ FINL GRP-ADR	3.4 %
BANCO BILBAO VIZCAYA-SP ADR	3.3 %

TOP COUNTRY EXPOSURE
	ARGENTINA	19.0 %
	CHINA	13.4 %
	BRITAIN	7.4 %
	SWITZERLAND	6.3 %
	JAPAN	5.8 %
	GERMANY	5.7 %
	BRAZIL	5.0 %
	ISRAEL	4.2 %
	INDIA	3.9 %
	SPAIN	3.3 %

Standardized Annual Returns (thru March 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
7.8%	21.4%	14.7%	7.9%	8.6%

Market Correlations
versus...	Beta	R-squared
S&P500	0.97	73%
MSCI EAFE	0.99	73%
MSCI Emg. Mkts.	0.77	44%

Technical Indicators
Recent close	$65.71
30d moving avg.	$75.36
Annualized volatility	19.9%
Short interest (ETF)	0.1%
Short interest (Underlying)	1.5%
Relative strength (RSI)	36

Liquidity measures
Avg. volume (thou.)	12
Turnover	2.4%
Bid/Ask (% of price)	0.54%
ADV underlying (mns)	$2,917

FINDING ALTERNATIVE FUNDS

Below is a list of 406 potential alternatives to the AdvisorShares Dorsey Wright ADR ETF ETF based on the alternatives' overlap in portfolio holdings with AADR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

AADR

Expense:

110 bp

ALTAR Score™:

5.9%

ALTERNATIVE ETFs BASED ON OVERLAP WITH AADR
Ticker	Fund Name	Overlap¹ vs AADR (%)	Expense ratio (bp)	Savings vs AADR (bp)	ALTAR Score™ (%)	ALTAR vs AADR (%)
ARGT	Global X MSCI Argentina ETF	19.0	59	51	4.7	-1.2
APIE	ActivePassive International Equity ETF	14.4	45	65	8.4	+2.5
GSIB	Themes Global Systemically Important Banks ETF	11.7	35	75	14.1	+8.2
PID	Invesco International Dividend Achievers ETF	9.2	53	57	6.1	+0.2
GINX	SGI Enhanced Global Income ETF	8.3	98	12	8.1	+2.2
FMQQ	FMQQ The Next Frontier Internet & Ecommerce ETF	7.4	86	24	0.5	-5.5
EMQQ	EMQQ The Emerging Markets Internet & Ecommerce ETF	7.1	86	24	15.3	+9.3
BINV	Brandes International ETF	7.0	70	40	10.3	+4.4
EBIZ	Global X E-Commerce ETF	7.0	50	60	5.1	-0.9
MINV	Matthews Asia Innovators Active ETF	6.6	79	31	8.6	+2.7
ARKF	ARK Fintech Innovation ETF	6.5	75	35	-0.2	-6.1
SPAM	Themes Cybersecurity ETF	6.1	35	75	1.9	-4.0
BUYZ	Franklin Disruptive Commerce ETF	5.9	50	60	3.0	-2.9
TMAT	Main Thematic Innovation ETF	5.5	164	-54	-1.5	-7.4
PGJ	Invesco Golden Dragon China ETF	5.3	70	40	15.6	+9.7
KEMQ	KraneShares Emerging Markets Consumer Technology Index ETF	5.3	60	50	14.7	+8.8
ONLN	ProShares Online Retail ETF	5.3	58	52	3.1	-2.8
EMC	Global X Emerging Markets Great Consumer ETF	5.3	75	35	9.2	+3.3
TRFM	AAM Transformers ETF	5.1	49	61	2.3	-3.7
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	5.0	68	42	3.2	-2.7
FDCF	Fidelity Disruptive Communications ETF	4.9	50	60	3.8	-2.1
METV	Roundhill Ball Metaverse ETF	4.9	59	51	9.5	+3.5
PNQI	Invesco NASDAQ Internet ETF	4.8	60	50	4.4	-1.5
RJMG	FT Raymond James Multicap Growth Equity ETF	4.8	85	25	3.0	-2.9
MEM	Matthews Emerging Markets Equity Active ETF	4.7	79	31	9.3	+3.4
DIVD	Altrius Global Dividend ETF Altrius Global Divid ETF	4.7	49	61	9.5	+3.6
DINT	Davis Select International ETF	4.6	55	55	9.4	+3.4
CIBR	First Trust NASDAQ Cybersecurity ETF	4.4	60	50	4.8	-1.1
TMFG	Motley Fool Global Opportunities ETF	4.3	85	25	3.9	-2.0
AOTG	AOT Growth and Innovation ETF	4.3	75	35	2.9	-3.1
FDTX	Fidelity Disruptive Technology ETF	4.3	50	60	3.6	-2.3
CGGO	Capital Group Global Growth Equity ETF	4.2	47	63	5.6	-0.3
ISRA	VanEck Israel ETF	4.2	59	51	8.5	+2.6
EIS	iShares MSCI Israel ETF	4.2	58	52	9.3	+3.4
FDLS	Inspire Fidelis Multi Factor ETF	4.2	76	34	6.6	+0.7
ABLD	Abacus FCF Real Assets Leaders ETF	4.1	69	41	6.4	+0.5
DTCR	Global X Data Center & Digital Infrastructure ETF	4.1	50	60	2.0	-4.0
GVIP	Goldman Sachs Hedge Industry VIP ETF	4.1	45	65	3.5	-2.4
ISHP	First Trust Nasdaq Retail ETF	4.0	60	50	6.3	+0.3
FFND	Future Fund Active ETF	4.0	100	10	5.3	-0.6
DGIN	VanEck Digital India ETF	3.9	71	39	2.2	-3.7
IZRL	ARK Israel Innovative Technology ETF	3.9	49	61	1.5	-4.4
FITE	SPDR S&P Kensho Future Security ETF	3.9	45	65	3.3	-2.7
FFTY	Innovator IBD 50 ETF	3.9	80	30	-2.7	-8.6
EMM	Global X Emerging Markets ex-China ETF	3.7	75	35	5.5	-0.4
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	3.6	20	90	5.2	-0.8
BLOK	Amplify Transformational Data Sharing ETF	3.6	75	35	0.5	-5.4
RGEF	Rockefeller Global Equity ETF	3.6	55	55	5.9	0.0
AWAY	ETFMG Travel Tech ETF	3.6	76	34	0.1	-5.8
CGRO	CoreValues Alpha Greater China Growth ETF	3.6	75	35	4.5	-1.4
AVEM	Avantis Emerging Markets Equity ETF	3.5	33	77	10.5	+4.6
DTEC	ALPS Disruptive Technologies ETF	3.5	50	60	4.6	-1.3
CGXU	Capital Group International Focus Equity ETF	3.5	54	56	6.6	+0.7
AVSD	Avantis Responsible International Equity ETF	3.4	23	87	7.5	+1.6
PRAY	FIS Christian Stock Fund	3.4	69	41	6.1	+0.1
KOCG	FIS Knights of Columbus Global Belief ETF	3.3	75	35	6.8	+0.8
FFOG	Franklin Focused Growth ETF	3.3	61	49	3.2	-2.7
OGIG	ALPS O'Shares Global Internet Giants ETF	3.3	48	62	2.2	-3.7
DWLD	Davis Select Worldwide ETF	3.3	63	47	9.6	+3.7
CLOD	Themes Cloud Computing ETF	3.3	35	75	2.4	-3.5
QQQJ	Invesco NASDAQ Next Gen 100 ETF	3.2	15	95	6.4	+0.5
AVIV	Avantis International Large Cap Value ETF	3.2	25	85	10.2	+4.3
CGIE	Capital Group International Equity ETF	3.2	54	56	5.6	-0.3
UMMA	Wahed Dow Jones Islamic World ETF	3.1	65	45	5.8	-0.1
TDIV	First Trust NASDAQ Technology Dividend Index Fund	3.1	50	60	7.4	+1.5
GMF	SPDR S&P Emerging Asia Pacific ETF	3.1	49	61	10.9	+5.0
TTAI	FCF International Quality ETF	3.1	59	51	6.9	+1.0
AVDE	Avantis International Equity ETF	3.1	23	87	8.8	+2.8
FLSW	Franklin FTSE Switzerland ETF	3.1	9	101	6.5	+0.6
EUFN	iShares MSCI Europe Financials ETF	3.1	51	59	9.6	+3.7
EWL	iShares MSCI Switzerland ETF	3.1	50	60	6.3	+0.4
KWEB	KraneShares CSI China Internet ETF	3.1	69	41	29.0	+23.0
EPP	iShares MSCI Pacific ex-Japan ETF	3.0	47	63	6.4	+0.5
VICE	AdvisorShares Vice ETF	3.0	99	11	6.8	+0.9
FDNI	First Trust Dow Jones International Internet ETF	3.0	65	45	21.9	+16.0
MILN	Global X Millennial Consumer ETF	3.0	50	60	3.6	-2.4
EWS	iShares MSCI Singapore ETF	3.0	50	60	5.7	-0.2
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	3.0	75	35	6.9	+1.0
LEGR	First Trust Indxx Innovative Transaction & Process ETF	3.0	65	45	9.6	+3.6
CWI	SPDR MSCI ACWI ex-US ETF	2.9	30	80	9.0	+3.0
GDXJ	VanEck Junior Gold Miners ETF	2.9	52	58	5.5	-0.4
ARKW	ARK Next Generation Internet ETF	2.9	87	23	-1.4	-7.3
LST	Leuthold Select Industries ETF	2.8	91	19	6.9	+1.0
NXTG	First Trust Indxx NextG ETF	2.8	70	40	6.5	+0.6
FFLC	Fidelity Fundamental Large Cap Core ETF	2.8	38	72	5.6	-0.3
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	2.7	58	52	7.8	+1.9
IQDG	WisdomTree International Quality Dividend Growth Fund	2.7	42	68	7.9	+2.0
IBUY	Amplify Online Retail ETF	2.7	65	45	4.3	-1.7
AFK	VanEck Africa Index ETF	2.6	98	12	14.3	+8.4
CLOU	Global X Cloud Computing ETF	2.6	68	42	2.2	-3.7
BOUT	Innovator IBD Breakout Opportunities ETF	2.5	81	29	5.4	-0.5
JIG	JPMorgan International Growth ETF	2.5	55	55	5.3	-0.6
JETS	U.S. Global Jets ETF	2.4	60	50	4.9	-1.0
GINN	Goldman Sachs Innovate Equity ETF	2.4	52	58	5.0	-1.0
FSZ	First Trust Switzerland AlphaDEX Fund	2.4	80	30	5.5	-0.4
WCBR	WisdomTree Cybersecurity Fund	2.4	45	65	2.2	-3.7
BUG	Global X Cybersecurity ETF	2.4	51	59	3.1	-2.9
IHAK	iShares Cybersecurity & Tech ETF	2.4	47	63	4.2	-1.8
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	2.4	60	50	3.5	-2.4
ITEQ	BlueStar Israel Technology ETF	2.4	75	35	2.4	-3.5
QNXT	iShares Nasdaq-100 ex Top 30 ETF	2.4	20	90	5.0	-0.9
LOUP	Innovator Deepwater Frontier Tech ETF	2.4	70	40	2.2	-3.7
TOGA	Tremblant Global ETF	2.4	69	41	2.9	-3.1
FENI	Fidelity Enhanced International ETF	2.4	28	82	7.7	+1.8
GURU	Global X Guru Index ETF	2.3	75	35	4.8	-1.1
BITQ	Bitwise Crypto Industry Innovators ETF	2.3	85	25	-3.1	-9.0
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	2.3	32	78	10.5	+4.5
THRO	iShares U.S. Thematic Rotation Active ETF	2.3	90	20	5.0	-0.9
AIQ	Global X Artificial Intelligence & Technology ETF	2.3	68	42	5.4	-0.5
AIS	VistaShares Artificial Intelligence Supercycle ETF	2.2	75	35	5.7	-0.2
USRD	Themes US R&D Champions ETF	2.2	29	81	6.4	+0.5
FRDM	Freedom 100 Emerging Markets ETF	2.2	49	61	10.0	+4.0
KOMP	SPDR S&P Kensho New Economies Composite ETF	2.2	20	90	4.2	-1.7
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF	2.1	49	61	2.6	-3.4
EFG	iShares MSCI EAFE Growth ETF	2.1	36	74	5.0	-1.0
QQXT	First Trust Nasdaq-100 Ex-Technology Sector Index Fund	2.1	60	50	4.9	-1.1
IDMO	Invesco S&P International Developed Momentum ETF	2.1	25	85	6.4	+0.5
PPIE	Putnam PanAgora ESG International Equity ETF	2.0	49	61	8.6	+2.7
GDX	VanEck Gold Miners ETF	2.0	51	59	5.0	-0.9
CBSE	Clough Select Equity ETF	2.0	85	25	2.0	-3.9
INQQ	India Internet & Ecommerce ETF	2.0	86	24	1.2	-4.7
XC	WisdomTree Emerging Markets Ex-China Fund	2.0	32	78	6.0	+0.1
IMOM	Alpha Architect International Quantitative Momentum ETF	2.0	49	61	5.4	-0.5
SIXG	Defiance Connective Technologies ETF	2.0	30	80	5.3	-0.7
EDOG	ALPS Emerging Sector Dividend Dogs ETF	2.0	60	50	11.9	+6.0
GLIN	VanEck India Growth Leaders ETF	2.0	77	33	6.8	+0.9
NDIA	Global X India Active ETF	2.0	75	35	5.0	-0.9
EWH	iShares MSCI Hong Kong ETF	1.9	50	60	6.6	+0.7
FCLD	Fidelity Cloud Computing ETF	1.9	39	71	3.5	-2.4
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	1.9	78	32	10.4	+4.5
BKCI	BNY Mellon Concentrated International ETF	1.9	80	30	5.4	-0.6
DIVS	SmartETFs Dividend Builder ETF	1.9	65	45	5.4	-0.6
IQM	Franklin Intelligent Machines ETF	1.9	50	60	3.1	-2.8
MOTO	SmartETFs Smart Transportation & Technology ETF	1.9	68	42	9.0	+3.0
SSPX	Janus Henderson U.S. Sustainable Equity ETF	1.9	55	55	4.7	-1.2
TINY	ProShares Nanotechnology ETF	1.9	58	52	6.8	+0.9
VNSE	Natixis Vaughan Nelson Select ETF	1.9	80	30	4.6	-1.3
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	1.9	45	65	4.1	-1.8
WUGI	AXS Esoterica NextG Economy ETF	1.9	75	35	3.5	-2.4
OSEA	Harbor International Compounders ETF	1.9	55	55	5.1	-0.8
CGDG	Capital Group Dividend Growers ETF	1.9	47	63	6.9	+1.0
ARKQ	ARK Autonomous Technology & Robotics ETF	1.9	75	35	0.4	-5.6
RFFC	ALPS Active Equity Opportunity ETF	1.9	48	62	5.1	-0.8
ARVR	First Trust Indxx Metaverse ETF	1.9	70	40	6.7	+0.8
CARZ	First Trust NASDAQ Global Auto Index Fund	1.9	70	40	7.0	+1.1
SMH	VanEck Semiconductor ETF	1.9	35	75	6.1	+0.2
SOXQ	Invesco PHLX Semiconductor ETF	1.9	19	91	6.9	+1.0
BELT	iShares Long-Term U.S. Equity Active ETF	1.9	75	35	4.2	-1.8
SOXX	iShares Semiconductor ETF	1.9	35	75	7.3	+1.4
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	1.9	65	45	-4.4	-10.3
XNTK	SPDR NYSE Technology ETF	1.9	35	75	5.1	-0.8
GFGF	Guru Favorite Stocks ETF Guru Favorite Stocks Fund	1.9	65	45	3.8	-2.1
DARP	Grizzle Growth ETF	1.9	75	35	5.7	-0.2
LIVR	Intelligent Livermore ETF	1.9	69	41	9.5	+3.6
RVER	Trenchless Fund ETF	1.9	65	45	5.5	-0.5
BGDV	Bahl & Gaynor Dividend ETF	1.9	45	65	5.5	-0.4
IMTM	iShares MSCI Intl Momentum Factor ETF	1.9	30	80	6.2	+0.3
SFYF	SoFi Social 50 ETF	1.9	29	81	0.2	-5.8
FIVG	Defiance Next Gen Connectivity ETF	1.9	30	80	5.6	-0.3
FPXI	First Trust International Equity Opportunities ETF	1.9	70	40	4.3	-1.6
DGT	SPDR Global Dow ETF	1.8	50	60	9.1	+3.2
LRGE	ClearBridge Large Cap Growth ESG ETF	1.8	59	51	4.5	-1.4
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	1.8	24	86	9.0	+3.1
EMDV	ProShares MSCI Emerging Markets Dividend Growers ETF	1.8	60	50	8.4	+2.4
PPH	VanEck Pharmaceutical ETF	1.8	36	74	10.5	+4.5
THNR	Amplify Weight Loss Drug & Treatment ETF	1.8	59	51	6.4	+0.4
LOWV	AB US Low Volatility Equity ETF	1.7	48	62	5.9	-0.1
TEMP	JPMorgan Climate Change Solutions ETF	1.7	49	61	6.5	+0.6
EUDG	WisdomTree Europe Quality Dividend Growth Fund	1.7	58	52	7.0	+1.1
XCEM	Columbia EM Core ex-China ETF	1.7	16	94	9.2	+3.3
VCR	Vanguard Consumer Discretionary ETF	1.7	10	100	5.5	-0.4
TCHI	iShares MSCI China Multisector Tech ETF	1.7	59	51	24.9	+19.0
TECB	iShares U.S. Tech Breakthrough Multisector ETF	1.7	40	70	4.6	-1.4
CZA	Invesco Zacks Mid-Cap ETF	1.7	72	38	6.6	+0.7
BRAZ	Global X Brazil Active ETF	1.7	75	35	14.0	+8.1
RFDI	First Trust Riverfront Dynamic Developed International ETF	1.6	83	27	11.1	+5.2
HAIL	SPDR S&P Kensho Smart Mobility ETF	1.6	45	65	2.4	-3.6
SKYY	First Trust Cloud Computing ETF	1.6	60	50	3.9	-2.0
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	1.6	65	45	4.6	-1.4
BEDZ	AdvisorShares Hotel ETF	1.6	100	10	3.0	-3.0
ROAM	Hartford Multifactor Emerging Markets ETF	1.6	44	66	12.2	+6.3
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	1.6	8	102	5.5	-0.5
MEDI	Harbor Health Care ETF	1.6	80	30	-1.7	-7.6
NUDM	Nuveen ESG International Developed Markets Equity ETF	1.6	31	79	7.3	+1.4
DWMF	WisdomTree International Multifactor Fund	1.5	38	72	7.3	+1.4
DFIV	Dimensional International Value ETF	1.5	27	83	11.5	+5.6
BGRO	iShares Large Cap Growth Active ETF	1.5	55	55	3.8	-2.1
BWEB	Bitwise Web3 ETF	1.5	85	25	0.3	-5.7
NULC	Nuveen ESG Large-Cap ETF	1.5	21	89	5.6	-0.3
PWB	Invesco Large Cap Growth ETF	1.5	56	54	3.7	-2.2
RSHO	Tema American Reshoring ETF	1.5	75	35	6.2	+0.3
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	1.5	75	35	4.1	-1.8
NULG	Nuveen ESG Large-Cap Growth ETF	1.4	26	84	4.2	-1.7
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	1.4	9	101	6.6	+0.7
XITK	SPDR FactSet Innovative Technology ETF	1.4	45	65	0.7	-5.3
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	1.3	61	49	1.6	-4.3
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	1.3	30	80	9.4	+3.5
QTUM	Defiance Quantum ETF	1.3	40	70	8.9	+3.0
JGLO	JPMorgan Global Select Equity ETF	1.3	33	77	5.7	-0.3
VRAI	Virtus Real Asset Income ETF	1.2	55	55	8.5	+2.6
QQEW	First Trust Nasdaq-100 Equal Weighted Index Fund	1.2	58	52	4.9	-1.0
FBCG	Fidelity Blue Chip Growth ETF	1.2	59	51	4.1	-1.8
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	1.2	35	75	5.1	-0.8
CEFA	Global X S&P Catholic Values Developed ex-US ETF	1.2	35	75	6.5	+0.5
IDGT	iShares U.S. Digital Infrastructure and Real Estate ETF	1.2	41	69	3.1	-2.8
DSTX	Distillate International Fundamental Stability & Value ETF	1.2	55	55	9.1	+3.2
EFAX	SPDR MSCI EAFE Fossil Fuel Free ETF	1.1	20	90	7.3	+1.3
EFA	iShares MSCI EAFE ETF	1.1	35	75	7.7	+1.8
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	1.1	36	74	7.6	+1.7
DFSI	Dimensional International Sustainability Core 1 ETF	1.1	24	86	7.2	+1.3
SATO	Invesco Alerian Galaxy Crypto Economy ETF	1.1	61	49	-1.1	-7.0
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	1.1	30	80	10.0	+4.1
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	1.1	15	95	9.3	+3.4
DIHP	Dimensional International High Profitability ETF	1.0	29	81	8.1	+2.1
GSID	Goldman Sachs MarketBeta International Equity ETF	1.0	20	90	7.8	+1.9
TRFK	Pacer Data and Digital Revolution ETF	1.0	60	50	4.6	-1.3
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	1.0	12	98	6.7	+0.8
FIVA	Fidelity International Value Factor ETF	1.0	18	92	11.6	+5.6
CGGR	Capital Group Growth ETF	1.0	39	71	4.2	-1.7
MCH	Matthews China Active ETF	1.0	79	31	16.8	+10.9
IEFA	iShares Core MSCI EAFE ETF	1.0	7	103	8.1	+2.1
JOET	Virtus Terranova US Quality Momentum ETF	1.0	29	81	6.0	+0.1
ANEW	ProShares MSCI Transformational Changes ETF	1.0	45	65	7.8	+1.9
DFIC	Dimensional International Core Equity 2 ETF	0.9	23	87	8.7	+2.8
SWP	SWP Growth & Income ETF	0.9	99	11	5.2	-0.7
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	0.9	46	64	7.5	+1.5
ESGD	iShares ESG Aware MSCI EAFE ETF	0.9	20	90	7.8	+1.9
JGRO	JPMorgan Active Growth ETF	0.9	44	66	4.6	-1.3
IEV	iShares Europe ETF	0.9	67	43	7.6	+1.7
EFAV	iShares MSCI EAFE Min Vol Factor ETF	0.9	22	88	6.0	+0.1
FDFF	Fidelity Disruptive Finance ETF	0.9	50	60	4.8	-1.2
WLDR	Affinity World Leaders Equity ETF	0.9	67	43	9.1	+3.2
COPY	Tweedy, Browne Insider + Value ETF	0.9	80	30	14.0	+8.1
BKIE	BNY Mellon International Equity ETF	0.9	4	106	8.0	+2.1
CVY	Invesco Zacks Multi-Asset Income ETF	0.9	106	4	12.3	+6.4
IDEV	iShares Core MSCI International Developed Markets ETF	0.9	4	106	8.1	+2.1
STXI	Strive International Developed Markets ETF	0.9	29	81	6.5	+0.6
SPEM	SPDR Portfolio Emerging Markets ETF	0.9	7	103	11.8	+5.9
BBEU	JPMorgan BetaBuilders Europe ETF	0.9	9	101	7.9	+2.0
FLEE	Franklin FTSE Europe ETF	0.9	9	101	7.6	+1.7
HAPI	Harbor Human Capital Factor US Large Cap ETF	0.9	36	74	5.8	-0.1
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	0.9	33	77	11.6	+5.7
IXG	iShares Global Financials ETF	0.9	42	68	9.2	+3.3
QLC	FlexShares US Quality Large Cap Index Fund	0.8	25	85	7.3	+1.4
GSIE	Goldman Sachs ActiveBeta International Equity ETF	0.8	25	85	8.2	+2.2
SPDW	SPDR Portfolio Developed World ex-US ETF	0.8	3	107	8.2	+2.3
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	0.8	95	15	0.9	-5.0
AAXJ	iShares MSCI All Country Asia ex Japan ETF	0.8	70	40	10.7	+4.8
QLV	FlexShares US Quality Low Volatility Index Fund	0.8	22	88	6.4	+0.4
IEUR	iShares Core MSCI Europe ETF	0.8	11	99	8.1	+2.1
FVD	First Trust Value Line Dividend Index Fund	0.8	65	45	6.6	+0.6
WGMI	Valkyrie Bitcoin Miners ETF	0.8	75	35	-12.0	-18.0
LRGC	AB US Large Cap Strategic Equities ETF	0.8	48	62	5.4	-0.5
VGK	Vanguard FTSE Europe ETF	0.8	11	99	8.1	+2.2
GLOF	iShares Global Equity Factor ETF	0.8	20	90	7.8	+1.8
LGLV	SPDR SSGA US Large Cap Low Volatility Index ETF	0.8	12	98	5.9	-0.0
INTF	iShares International Equity Factor ETF	0.8	15	95	9.0	+3.0
JIRE	JPMorgan International Research Enhanced Equity ETF	0.8	24	86	8.1	+2.2
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.8	65	45	4.1	-1.9
IPAC	iShares Core MSCI Pacific ETF	0.8	9	101	7.9	+2.0
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.7	41	69	10.1	+4.2
ACWX	iShares MSCI ACWI ex U.S. ETF	0.7	34	76	8.9	+3.0
ECNS	iShares MSCI China Small-Cap ETF	0.7	59	51	11.9	+5.9
SPEU	SPDR Portfolio Europe ETF	0.7	7	103	8.1	+2.2
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	0.7	41	69	7.9	+1.9
QEFA	SPDR MSCI EAFE StrategicFactors ETF	0.7	30	80	7.8	+1.9
QQQ	Invesco QQQ Trust Series I	0.7	20	90	5.2	-0.7
QQQM	Invesco NASDAQ 100 ETF	0.7	15	95	5.2	-0.7
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	0.7	25	85	7.9	+2.0
DFAI	Dimensional International Core Equity Market ETF	0.7	18	92	8.3	+2.4
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	0.7	18	92	8.9	+2.9
FSST	Fidelity Sustainable U.S. Equity ETF	0.7	59	51	5.0	-0.9
ACWV	iShares MSCI Global Min Vol Factor ETF	0.7	20	90	8.0	+2.1
IXUS	iShares Core MSCI Total International Stock ETF	0.6	7	103	9.0	+3.1
IVLU	iShares MSCI Intl Value Factor ETF	0.6	30	80	12.3	+6.4
QQMG	Invesco ESG NASDAQ 100 ETF	0.6	20	90	5.3	-0.7
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	0.6	38	72	10.7	+4.8
ONEQ	Fidelity Nasdaq Composite Index ETF	0.6	21	89	4.9	-1.1
AIVI	WisdomTree International AI Enhanced Value Fund	0.6	58	52	8.1	+2.2
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	0.6	20	90	7.4	+1.5
HFXI	IQ FTSE International Equity Currency Neutral ETF	0.6	20	90	8.1	+2.2
WWJD	Inspire International ETF	0.6	80	30	8.3	+2.4
JHMD	John Hancock Multifactor Developed International ETF	0.6	39	71	8.5	+2.6
DFAE	Dimensional Emerging Core Equity Market ETF	0.6	35	75	11.0	+5.1
JSTC	Adasina Social Justice All Cap Global ETF	0.6	89	21	5.0	-0.9
EEMO	Invesco S&P Emerging Markets Momentum ETF	0.5	29	81	6.7	+0.8
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	0.5	70	40	17.1	+11.2
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	0.5	39	71	7.5	+1.6
USXF	iShares ESG Advanced MSCI USA ETF	0.5	10	100	5.5	-0.4
CRBN	iShares MSCI ACWI Low Carbon Target ETF	0.5	20	90	7.0	+1.1
ESMV	iShares ESG MSCI USA Min Vol Factor ETF	0.5	18	92	5.3	-0.6
SGDM	Sprott Gold Miners ETF	0.5	50	60	5.1	-0.8
VEU	Vanguard FTSE All-World ex-US Index Fund	0.5	8	102	9.2	+3.3
TOK	iShares MSCI Kokusai ETF	0.4	26	84	5.6	-0.3
LRGF	iShares U.S. Equity Factor ETF	0.4	8	102	7.4	+1.5
RAYD	Rayliant Quantitative Developed Market Equity ETF	0.4	80	30	5.3	-0.6
KOKU	Xtrackers MSCI Kokusai Equity ETF	0.4	9	101	6.2	+0.3
VSGX	Vanguard ESG International Stock ETF	0.4	12	98	8.9	+3.0
VEA	Vanguard FTSE Developed Markets ETF	0.4	5	105	8.2	+2.3
IDHQ	Invesco S&P International Developed High Quality ETF	0.4	29	81	7.2	+1.3
VIDI	Vident International Equity Strategy ETF	0.4	61	49	13.1	+7.2
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	0.4	45	65	10.3	+4.3
USMV	iShares MSCI USA Min Vol Factor ETF	0.4	15	95	6.0	+0.1
URTH	iShares MSCI World ETF	0.4	24	86	6.2	+0.2
FDEM	Fidelity Emerging Markets Multifactor ETF	0.4	25	85	14.3	+8.4
KNCT	Invesco Next Gen Connectivity ETF	0.4	40	70	5.7	-0.2
DEHP	Dimensional Emerging Markets High Profitability ETF	0.4	41	69	7.1	+1.2
QWLD	SPDR MSCI World StrategicFactors ETF	0.4	30	80	6.5	+0.6
ACWI	iShares MSCI ACWI ETF	0.4	32	78	6.8	+0.8
ILCG	iShares Morningstar Growth ETF	0.4	4	106	4.7	-1.3
RVRB	Reverb ETF	0.4	30	80	2.9	-3.0
EGUS	iShares ESG Aware MSCI USA Growth ETF	0.4	18	92	5.1	-0.8
RODE	Hartford Multifactor Diversified International ETF	0.4	29	81	10.6	+4.7
IQSU	IQ Candriam U.S. Large Cap Equity ETF	0.4	9	101	5.6	-0.4
IQLT	iShares MSCI Intl Quality Factor ETF	0.4	30	80	6.9	+1.0
IOO	iShares Global 100 ETF	0.4	41	69	6.0	+0.1
SUSL	iShares ESG MSCI USA Leaders ETF	0.4	10	100	5.9	-0.0
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.4	10	100	6.0	+0.1
AVSU	Avantis Responsible U.S. Equity ETF	0.4	15	95	7.2	+1.3
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	0.4	29	81	8.8	+2.9
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	0.4	25	85	7.1	+1.1
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	0.4	10	100	5.9	-0.0
EELV	Invesco S&P Emerging Markets Low Volatility ETF	0.3	29	81	9.2	+3.3
IWTR	iShares MSCI Water Management Multisector ETF	0.3	47	63	7.1	+1.2
XMAG	Defiance Large Cap ex-Mag 7 ETF	0.3	35	75	5.0	-0.9
VXUS	Vanguard Total International Stock ETF	0.3	7	103	9.0	+3.1
FUNL	CornerCap Fundametrics Large-Cap ETF	0.3	50	60	8.3	+2.4
DMXF	iShares ESG Advanced MSCI EAFE ETF	0.3	12	98	6.3	+0.4
KLMT	Invesco MSCI Global Climate 500 ETF	0.3	10	100	6.8	+0.8
OPTZ	Optimize Strategy Index ETF	0.3	50	60	6.1	+0.1
PABU	iShares Paris-Aligned Climate MSCI USA ETF	0.3	10	100	4.7	-1.2
BLES	Inspire Global Hope ETF	0.3	61	49	7.6	+1.7
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	0.3	12	98	5.7	-0.3
NZUS	SPDR MSCI USA Climate Paris Aligned ETF	0.3	10	100	3.7	-2.2
VT	Vanguard Total World Stock ETF	0.3	7	103	7.1	+1.1
DOL	WisdomTree International LargeCap Dividend Fund	0.3	48	62	8.1	+2.2
AVUS	Avantis U.S. Equity ETF	0.3	15	95	7.5	+1.5
USCL	iShares Climate Conscious & Transition MSCI USA ETF	0.3	8	102	5.9	-0.1
ESGV	Vanguard ESG U.S. Stock ETF	0.3	9	101	5.6	-0.3
USCA	Xtrackers MSCI USA Climate Action Equity ETF	0.3	7	103	5.9	-0.1
KALL	KraneShares MSCI All China Index ETF	0.3	49	61	16.4	+10.5
GLBL	Pacer MSCI World Industry Advantage ETF	0.3	65	45	5.6	-0.3
DWM	WisdomTree International Equity Fund	0.2	48	62	8.4	+2.5
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	0.2	39	71	9.2	+3.3
IQSI	IQ Candriam International Equity ETF	0.2	15	95	7.3	+1.4
GXC	SPDR S&P China ETF	0.2	59	51	18.1	+12.1
SUSA	iShares MSCI USA ESG Select ETF	0.2	25	85	5.6	-0.3
AVES	Avantis Emerging Markets Value ETF	0.2	36	74	13.1	+7.2
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	0.2	40	70	8.3	+2.4
WRND	IQ Global Equity R&D Leaders ETF	0.2	18	92	8.8	+2.8
TAX	Cambria Tax Aware ETF	0.2	49	61	8.9	+3.0
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	0.2	45	65	11.9	+6.0
PXH	Invesco FTSE RAFI Emerging Markets ETF	0.2	49	61	18.0	+12.1
FNDC	Schwab Fundamental International Small Co. Index ETF	0.2	39	71	6.8	+0.9
KLMN	Invesco MSCI North America Climate ETF	0.2	9	101	5.9	-0.0
XCNY	SPDR S&P Emerging Markets ex-China ETF	0.2	15	95	0.0	-5.9
EFV	iShares MSCI EAFE Value ETF	0.2	34	76	10.3	+4.4
VOTE	TCW Transform 500 ETF	0.2	5	105	6.1	+0.1
ESGU	iShares ESG Aware MSCI USA ETF	0.2	15	95	6.1	+0.2
ILCB	iShares Morningstar U.S. Equity ETF	0.2	3	107	6.1	+0.2
MCHI	iShares MSCI China ETF	0.2	59	51	19.4	+13.5
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	0.2	80	30	5.9	+0.0
PBUS	Invesco MSCI USA ETF	0.2	4	106	6.1	+0.1
CIL	VictoryShares International Volatility Wtd ETF	0.2	45	65	7.5	+1.6
BBUS	JP Morgan Betabuilders U.S. Equity ETF	0.2	2	108	6.1	+0.2
BKLC	BNY Mellon US Large Cap Core Equity ETF	0.2	0	110	6.1	+0.2
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	0.2	7	103	6.1	+0.1
SIZE	iShares MSCI USA Size Factor ETF	0.2	15	95	6.9	+1.0
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.2	11	99	6.1	+0.2
EUSA	iShares MSCI USA Equal Weighted ETF	0.2	9	101	7.1	+1.2
SMLF	iShares U.S. SmallCap Equity Factor ETF	0.2	15	95	6.8	+0.8
INRO	iShares U.S. Industry Rotation Active ETF	0.2	42	68	4.6	-1.3
QUS	SPDR MSCI USA StrategicFactors ETF	0.2	15	95	6.7	+0.8
FLCH	Franklin FTSE China ETF	0.2	19	91	18.7	+12.8
EWX	SPDR S&P Emerging Markets Small Cap ETF	0.2	65	45	8.7	+2.8
EMXF	iShares ESG Advanced MSCI EM ETF	0.1	16	94	9.1	+3.2
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	0.1	25	85	6.8	+0.9
CRTC	Xtrackers US National Critical Technologies ETF	0.1	35	75	6.0	+0.0
BKF	iShares MSCI BIC ETF	0.1	69	41	14.1	+8.2
DFEV	Dimensional Emerging Markets Value ETF	0.1	43	67	15.6	+9.7
IUS	Invesco RAFI Strategic US ETF	0.1	19	91	8.1	+2.2
BKEM	BNY Mellon Emerging Markets Equity ETF	0.1	11	99	12.9	+6.9
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	0.1	36	74	12.1	+6.2
VWO	Vanguard FTSE Emerging Markets ETF	0.1	8	102	11.8	+5.9
EEMA	iShares MSCI Emerging Markets Asia ETF	0.1	49	61	11.7	+5.7
EEMS	iShares MSCI Emerging Markets Small Cap ETF	0.1	70	40	8.4	+2.5
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	0.1	24	86	6.9	+0.9
EPS	WisdomTree U.S. LargeCap Fund	0.1	8	102	7.2	+1.3
EMSG	Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF	0.1	20	90	12.3	+6.4
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free ETF	0.1	30	80	11.5	+5.6
IEMG	iShares Core MSCI Emerging Markets ETF	0.1	9	101	11.8	+5.9
EEM	iShares MSCI Emerging Markets ETF	0.1	69	41	11.7	+5.8
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	0.1	66	44	11.0	+5.1
FLAX	Franklin FTSE Asia Ex Japan ETF	0.1	19	91	11.7	+5.8
SCHE	Schwab Emerging Markets Equity ETF	0.1	11	99	12.5	+6.6
AVLV	Avantis U.S. Large Cap Value ETF	0.1	15	95	9.2	+3.3
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	0.0	7	103	7.6	+1.7
PRF	Invesco FTSE RAFI US 1000 ETF	0.0	39	71	8.4	+2.4
PRFZ	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.0	39	71	4.6	-1.4
IMFL	Invesco International Developed Dynamic Multifactor ETF	0.0	34	76	6.6	+0.7
FNDF	Schwab Fundamental International Large Co. Index ETF	0.0	25	85	11.1	+5.2
VYMI	Vanguard International High Dividend Yield ETF	0.0	22	88	10.9	+4.9
FNDA	Schwab Fundamental US Small Co. Index ETF	0.0	25	85	7.4	+1.5
FNDB	Schwab Fundamental US Broad Market Index ETF	0.0	25	85	8.5	+2.6
FNDX	Schwab Fundamental US Large Co. Index ETF	0.0	25	85	8.7	+2.8
OAIM	OneAscent International Equity ETF	0.0	95	15	6.8	+0.9

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%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

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

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

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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	AdvisorShares Dorsey Wright ADR ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

	Custom date range	Compare to
	thru

Revision activity*

*Six months ago = 100