VanEck Africa Index ETF
ALTAR
Score™		 10.0% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 8.8x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Africa Index ETF seeks investment results that correspond to the price and yield performance of the Dow Jones Africa Titans 50 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Jul 10, 2008
Assets (mns) $40
Currency USD
Expense ratio 98 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 83
Wgt avg mkt cap (mns) $9,268
Large cap (>$10bn) 33.5%
Mid cap ($2-10bn) 50.2%
Small cap (<$2bn) 16.3%
Developed mkts 32.0%
Emerging mkts 67.9%

TOP TEN HOLDINGS
IVANHOE MINES LTD. CLASS A 5.5 %
ENDEAVOUR MINING PLC 5.2 %
ANGLO AMERICAN PLC 5.0 %
MTN NIGERIA COMMUNICATIONS PLC 4.3 %
AIRTEL AFRICA PLC 4.2 %
ATTIJARIWAFA BANK 4.2 %
CHINA MOLYBDENUM CO LTD-H 4.1 %
BANQUE CENTRALE POPULAIRE 4.0 %
MAROC TELECOM SA 3.6 %
COMMERCIAL INTL BANK-SP GDR 3.1 %
Total 43.3 %

TOP COUNTRY EXPOSURE
SOUTH AFRICA 26.6 %
MOROCCO 15.5 %
BRITAIN 12.2 %
CANADA 10.8 %
NIGERIA 8.8 %
KENYA 4.9 %
CHINA 4.1 %
AUSTRALIA 3.9 %
EGYPT 3.1 %
UNITED STATES 3.0 %

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.
-4.7% -15.8% -5.7% -5.4% -4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.74 50%
MSCI EAFE 0.93 74%
MSCI Emg. Mkts. 0.84 64%

Technical Indicators
Recent close $14.60
30d moving avg. $13.81
Annualized volatility 18.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.4%
Bid/Ask (% of price) 1.26%
ADV underlying (mns) $2,394

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 461 potential alternatives to the VanEck Africa Index ETF ETF based on the alternatives' overlap in portfolio holdings with AFK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AFK Expense: 98 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AFK
Ticker Fund
Name		 Overlap1
vs AFK
(%)		 Expense
ratio
(bp)		 Savings
vs AFK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AFK
(%)
EZA iShares MSCI South Africa ETF 17.2 58 40 11.5 +1.4
GMET VanEck Green Metals ETF 12.4 63 35 10.1 +0.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 8.7 75 23 9.6 -0.4
DMAT Global X Disruptive Materials ETF 8.7 59 39 10.1 +0.1
ION ProShares S&P Global Core Battery Metals ETF 7.8 58 40 11.6 +1.6
GDX VanEck Gold Miners ETF 7.5 51 47 4.8 -5.2
COPX Global X Copper Miners ETF 7.3 65 33 7.2 -2.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 6.4 85 13 8.2 -1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 6.1 39 59 11.0 +1.0
FRDM Freedom 100 Emerging Markets ETF 5.1 49 49 7.3 -2.7
FM iShares Frontier and Select EM ETF 4.9 80 18 9.5 -0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.6 24 74 7.2 -2.9
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 4.3 60 38 6.3 -3.7
BATT Amplify Lithium & Battery Technology ETF 4.3 59 39 2.9 -7.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.3 32 66 7.6 -2.4
GOEX Global X Gold Explorers ETF 4.1 65 33 5.0 -5.0
SGDJ Sprott Junior Gold Miners ETF 4.1 50 48 5.3 -4.7
SETM Sprott Energy Transition Materials ETF 4.0 65 33 5.4 -4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.0 20 78 7.5 -2.5
GDXJ VanEck Junior Gold Miners ETF 3.8 52 46 5.0 -5.1
DEM WisdomTree Emerging Markets High Dividend Fund 3.6 63 35 12.9 +2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 3.5 88 10 6.2 -3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 65 7.2 -2.9
LDEM iShares ESG MSCI EM Leaders ETF 3.5 17 81 7.8 -2.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.4 70 28 11.4 +1.4
BNE Blue Horizon BNE ETF 3.4 87 11 5.0 -5.0
RNEM First Trust Emerging Markets Equity Select ETF 3.3 75 23 8.3 -1.7
XCEM Columbia EM Core ex-China ETF 3.3 16 82 7.4 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 3.2 16 82 7.5 -2.5
HAP VanEck Natural Resources ETF 3.2 50 48 9.5 -0.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.2 29 69 8.3 -1.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.2 18 80 7.9 -2.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.2 86 12 1.9 -8.1
GNR SPDR S&P Global Natural Resources ETF 3.1 40 58 9.3 -0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.1 39 59 12.6 +2.6
EMC Global X Emerging Markets Great Consumer ETF 3.1 75 23 4.9 -5.1
XC WisdomTree Emerging Markets Ex-China Fund 3.0 32 66 6.2 -3.8
FTRI First Trust Indxx Global Natural Resources Income ETF 3.0 70 28 10.7 +0.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.0 44 54 10.4 +0.3
EMM Global X Emerging Markets ex-China ETF 3.0 75 23 3.7 -6.3
ROAM Hartford Multifactor Emerging Markets ETF 2.8 44 54 11.8 +1.8
SGDM Sprott Gold Miners ETF 2.8 50 48 6.1 -3.9
JHEM John Hancock Multifactor Emerging Markets ETF 2.7 49 49 8.4 -1.7
AVES Avantis Emerging Markets Value ETF 2.7 36 62 12.2 +2.2
CGXU Capital Group International Focus Equity ETF 2.7 54 44 4.1 -5.9
PID Invesco International Dividend Achievers ETF 2.6 53 45 6.7 -3.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.6 60 38 0.9 -9.1
DINT Davis Select International ETF 2.6 55 43 4.7 -5.3
FDNI First Trust Dow Jones International Internet ETF 2.6 65 33 2.7 -7.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.6 45 53 8.6 -1.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.5 15 83 7.1 -2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 62 6.8 -3.2
AVEM Avantis Emerging Markets Equity ETF 2.5 33 65 9.1 -0.9
NANR SPDR S&P North American Natural Resources ETF 2.4 35 63 6.8 -3.2
SCHE Schwab Emerging Markets Equity ETF 2.4 11 87 7.6 -2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 2.4 48 50 9.4 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.3 32 66 6.3 -3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 2.3 49 49 12.5 +2.5
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 32 12.2 +2.2
DEHP Dimensional Emerging Markets High Profitability ETF 2.3 41 57 7.3 -2.7
EMXC iShares MSCI Emerging Markets ex China ETF 2.3 25 73 6.7 -3.3
STXE Strive Emerging Markets Ex-China ETF 2.2 32 66 6.9 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.2 66 32 7.2 -2.8
VNSE Natixis Vaughan Nelson Select ETF 2.2 80 18 3.2 -6.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.2 50 48 10.6 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.2 36 62 7.5 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 2.1 11 87 7.7 -2.3
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 73 7.7 -2.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 58 40 10.2 +0.1
BUYZ Franklin Disruptive Commerce ETF 2.0 50 48 2.0 -8.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.0 30 68 7.5 -2.5
FKU First Trust United Kingdom AlphaDEX Fund 2.0 80 18 7.5 -2.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.9 20 78 10.7 +0.7
EMGF iShares Emerging Markets Equity Factor ETF 1.9 25 73 8.7 -1.3
DFAE Dimensional Emerging Core Equity Market ETF 1.9 35 63 7.7 -2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.8 45 53 12.8 +2.8
VWO Vanguard FTSE Emerging Markets ETF 1.8 8 90 7.6 -2.4
MXI iShares Global Materials ETF 1.8 41 57 6.7 -3.4
CVAR Cultivar ETF 1.8 87 11 6.9 -3.1
PEJ Invesco Leisure and Entertainment ETF 1.7 58 40 0.4 -9.6
WWJD Inspire International ETF 1.7 80 18 7.1 -2.9
EEM iShares MSCI Emerging Markets ETF 1.7 69 29 7.0 -3.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.7 38 60 8.3 -1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 39 9.6 -0.4
ISHP First Trust Nasdaq Retail ETF 1.6 60 38 3.1 -6.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.6 41 57 7.8 -2.2
IEMG iShares Core MSCI Emerging Markets ETF 1.6 9 89 7.5 -2.5
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 53 3.3 -6.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 1.6 35 63 10.0 0.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.5 30 68 8.6 -1.4
DFEV Dimensional Emerging Markets Value ETF 1.5 43 55 10.9 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 91 7.5 -2.5
EWU iShares MSCI United Kingdom ETF 1.4 50 48 7.9 -2.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.4 86 12 1.9 -8.1
EWUS iShares MSCI United Kingdom Small Cap ETF 1.4 59 39 6.2 -3.8
MGMT Ballast Small/Mid Cap ETF 1.4 110 -12 7.8 -2.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.4 46 52 8.9 -1.2
RING iShares MSCI Global Gold Miners ETF 1.4 39 59 6.0 -4.0
IGE iShares North American Natural Resources ETF 1.4 41 57 6.4 -3.6
EV Mast Global Battery Recycling & Production ETF 1.4 65 33 12.8 +2.7
DWLD Davis Select Worldwide ETF 1.4 63 35 5.6 -4.4
FCG First Trust Natural Gas ETF 1.3 60 38 9.3 -0.7
SCHC Schwab International Small-Cap Equity ETF 1.3 11 87 6.4 -3.6
AWAY ETFMG Travel Tech ETF 1.2 76 22 -4.1 -14.1
CBSE Clough Select Equity ETF 1.2 85 13 -2.3 -12.3
INQQ India Internet & Ecommerce ETF 1.2 86 12 10.8 +0.8
DGIN VanEck Digital India ETF 1.2 71 27 1.6 -8.4
IBUY Amplify Online Retail ETF 1.2 65 33 1.8 -8.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 38 14.8 +4.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 73 12.0 +2.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 3 11.4 +1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 1.1 49 49 11.0 +1.0
FLGB Franklin FTSE United Kingdom ETF 1.1 9 89 8.4 -1.6
TTAI FCF International Quality ETF 1.1 59 39 7.3 -2.7
REMX VanEck Rare Earth/Strategic Metals ETF 1.1 54 44 12.0 +2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.1 9 89 9.8 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 7 91 6.5 -3.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 28 7.3 -2.8
AVDV Avantis International Small Cap Value ETF 1.0 36 62 7.9 -2.1
VIDI Vident International Equity Strategy ETF 1.0 61 37 11.9 +1.9
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 33 7.7 -2.3
DISV Dimensional International Small Cap Value ETF 1.0 42 56 9.2 -0.8
VYMI Vanguard International High Dividend Yield ETF 1.0 22 76 9.7 -0.3
ECON Columbia Emerging Markets Consumer ETF 1.0 49 49 4.8 -5.3
VRAI Virtus Real Asset Income ETF 1.0 55 43 8.5 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 51 10.2 +0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 19 10.4 +0.3
CGV Conductor Global Equity Value ETF 0.9 130 -32 11.3 +1.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 68 7.8 -2.3
EWC iShares MSCI Canada ETF 0.9 50 48 6.9 -3.1
BLES Inspire Global Hope ETF 0.8 61 37 6.3 -3.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.8 49 49 19.1 +9.1
AADR AdvisorShares Dorsey Wright ADR ETF 0.8 110 -12 5.4 -4.6
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 0.8 69 29 1.4 -8.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 18 16.4 +6.4
DVYE iShares Emerging Markets Dividend ETF 0.8 49 49 16.6 +6.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.8 41 57 6.6 -3.4
NXTG First Trust Indxx NextG ETF 0.7 70 28 6.0 -4.0
FTWO Strive FAANG 2.0 ETF 0.7 49 49 4.8 -5.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.7 40 58 7.2 -2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 56 6.8 -3.2
VSGX Vanguard ESG International Stock ETF 0.7 12 86 6.8 -3.2
NDIV Amplify Natural Resources Dividend Income ETF 0.7 59 39 9.7 -0.3
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 75 8.7 -1.3
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 91 6.9 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 64 6.7 -3.3
VXUS Vanguard Total International Stock ETF 0.7 7 91 7.1 -2.9
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 56 0.0 -10.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 15 9.0 -1.0
SCHY Schwab International Dividend Equity ETF 0.7 14 84 9.3 -0.8
DGT SPDR Global Dow ETF 0.7 50 48 6.6 -3.4
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 68 6.8 -3.2
DWX SPDR S&P International Dividend ETF 0.6 45 53 7.1 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 90 7.2 -2.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 18 14.2 +4.2
IQDE FlexShares International Quality Dividend Defensive Index ET 0.6 47 51 10.7 +0.7
DFIV Dimensional International Value ETF 0.6 27 71 9.8 -0.2
BBCA JPMorgan BetaBuilders Canada ETF 0.6 19 79 7.1 -3.0
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 51 10.7 +0.7
DFIS Dimensional International Small Cap ETF 0.5 39 59 6.7 -3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 8 6.9 -3.1
FYT First Trust Small Cap Value AlphaDEX Fund 0.5 73 25 11.6 +1.6
INTF iShares International Equity Factor ETF 0.5 15 83 7.8 -2.2
GVAL Cambria Global Value ETF 0.5 68 30 12.3 +2.3
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 9 4.7 -5.3
DEW WisdomTree Global High Dividend Fund 0.5 58 40 9.0 -1.0
DFIC Dimensional International Core Equity 2 ETF 0.5 23 75 7.4 -2.6
PEXL Pacer US Export Leaders ETF 0.5 60 38 5.1 -4.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.5 8 90 4.9 -5.2
XLY Consumer Discretionary Select Sector SPDR Fund 0.5 9 89 5.1 -5.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.5 61 37 5.0 -5.1
SPHB Invesco S&P 500 High Beta ETF 0.5 25 73 5.0 -5.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 0.5 39 59 4.9 -5.2
RXI iShares Global Consumer Discretionary ETF 0.5 41 57 5.5 -4.5
AIEQ AI Powered Equity ETF 0.5 75 23 6.1 -3.9
LUXX Roundhill S&P Global Luxury ETF 0.5 45 53 2.7 -7.3
FVAL Fidelity Value Factor ETF 0.5 15 83 7.4 -2.6
JRNY ALPS Global Travel Beneficiaries ETF 0.5 65 33 -0.0 -10.0
RPG Invesco S&P 500 Pure Growth ETF 0.5 35 63 3.5 -6.6
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 53 -4.9 -14.9
BEDZ AdvisorShares Hotel ETF 0.5 100 -2 2.8 -7.2
CGUS Capital Group Core Equity ETF 0.5 33 65 4.7 -5.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.5 60 38 5.0 -5.0
DUHP Dimensional US High Profitability ETF 0.5 21 77 7.0 -3.0
FFTY Innovator IBD 50 ETF 0.5 80 18 0.1 -9.9
CGDV Capital Group Dividend Value ETF 0.5 33 65 5.8 -4.3
VCR Vanguard Consumer Discretionary ETF 0.5 10 88 4.7 -5.3
VOT Vanguard Mid-Cap Growth ETF 0.5 7 91 4.2 -5.8
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 0.5 40 58 4.3 -5.7
CGGR Capital Group Growth ETF 0.5 39 59 3.4 -6.6
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 58 3.8 -6.3
PDP Invesco Dorsey Wright Momentum ETF 0.5 62 36 3.7 -6.4
ULVM VictoryShares US Value Momentum ETF 0.5 20 78 7.4 -2.6
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.5 20 78 6.4 -3.7
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 0.5 60 38 6.7 -3.3
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 0.5 75 23 2.0 -8.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.5 59 39 2.8 -7.2
FDMO Fidelity Momentum Factor ETF 0.5 15 83 3.7 -6.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 58 0.0 -10.0
JETS U.S. Global Jets ETF 0.5 60 38 -15.6 -25.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 53 8.5 -1.6
FCPI Fidelity Stocks for Inflation ETF 0.5 15 83 8.6 -1.4
ARKF ARK Fintech Innovation ETF 0.5 75 23 -2.2 -12.2
EMFQ Amplify Emerging Markets FinTech ETF 0.5 69 29 5.4 -4.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 73 6.8 -3.2
CID VictoryShares International High Div Volatility Wtd ETF 0.5 45 53 9.5 -0.5
KALL KraneShares MSCI All China Index ETF 0.5 49 49 9.4 -0.6
SDIV Global X Superdividend ETF 0.5 58 40 17.6 +7.6
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 33 4.3 -5.7
GWX SPDR S&P International Small Cap ETF 0.5 40 58 6.6 -3.5
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 68 10.6 +0.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 34 2.1 -8.0
AVLV Avantis U.S. Large Cap Value ETF 0.4 15 83 7.4 -2.6
EFV iShares MSCI EAFE Value ETF 0.4 34 64 9.1 -1.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 80 6.9 -3.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 39 5.6 -4.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 59 7.3 -2.7
AVUV Avantis U.S. Small Cap Value ETF 0.4 25 73 10.0 -0.0
ISZE iShares MSCI Intl Size Factor ETF 0.4 30 68 6.5 -3.5
VO Vanguard Mid-Cap ETF 0.4 4 94 5.8 -4.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 49 6.7 -3.4
IEO iShares U.S. Oil & Gas Exploration & Production ETF 0.4 40 58 8.9 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 73 9.0 -1.0
IDX VanEck Indonesia Index ETF 0.4 57 41 7.9 -2.1
TPIF Timothy Plan International ETF 0.4 62 36 6.7 -3.3
IEUR iShares Core MSCI Europe ETF 0.4 11 87 -1.3 -11.3
AVDE Avantis International Equity ETF 0.4 23 75 7.8 -2.2
GLOF iShares Global Equity Factor ETF 0.4 20 78 7.0 -3.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 78 6.9 -3.1
IEV iShares Europe ETF 0.4 67 31 6.1 -3.9
VGK Vanguard FTSE Europe ETF 0.3 11 87 6.8 -3.2
IEDI iShares U.S. Consumer Focused ETF 0.3 18 80 5.0 -5.1
SPEU SPDR Portfolio Europe ETF 0.3 7 91 6.5 -3.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 92 4.3 -5.8
MTUM iShares MSCI USA Momentum Factor ETF 0.3 15 83 3.7 -6.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 84 6.2 -3.9
DIM WisdomTree International MidCap Dividend Fund 0.3 58 40 7.6 -2.4
JAVA JPMorgan Active Value ETF 0.3 44 54 6.3 -3.7
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 94 6.7 -3.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 78 6.3 -3.7
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 94 6.1 -3.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 95 6.9 -3.1
MOO VanEck Agribusiness ETF 0.3 53 45 9.4 -0.6
VT Vanguard Total World Stock ETF 0.3 7 91 5.8 -4.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 86 4.8 -5.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 59 6.8 -3.2
IWP iShares Russell Mid-Cap Growth ETF 0.3 23 75 3.8 -6.2
ACWI iShares MSCI ACWI ETF 0.3 32 66 5.5 -4.6
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 39 7.1 -2.9
SRET Global X SuperDividend REIT ETF 0.3 59 39 10.1 +0.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 92 7.9 -2.1
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 85 2.8 -7.3
VEA Vanguard FTSE Developed Markets ETF 0.3 5 93 7.0 -3.1
KRUZ Unusual Whales Subversive Republican Trading ETF 0.3 75 23 4.9 -5.1
IWR iShares Russell Midcap ETF 0.3 19 79 5.7 -4.3
REVS Columbia Research Enhanced Value ETF 0.3 19 79 7.7 -2.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 68 6.8 -3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 89 5.7 -4.3
IWS iShares Russell Mid-Cap Value ETF 0.3 23 75 6.6 -3.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 37 7.1 -2.9
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 59 9.2 -0.8
BFOR ALPS Barron's 400 ETF 0.3 65 33 6.5 -3.5
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 89 6.7 -3.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 52 6.3 -3.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 63 6.4 -3.6
IEFA iShares Core MSCI EAFE ETF 0.3 7 91 2.7 -7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 69 6.2 -3.8
FLEE Franklin FTSE Europe ETF 0.3 9 89 6.8 -3.2
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 73 5.6 -4.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 49 6.4 -3.6
CIL VictoryShares International Volatility Wtd ETF 0.2 45 53 6.8 -3.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.2 51 47 6.8 -3.2
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 68 5.7 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 78 6.2 -3.8
SPMO Invesco S&P 500 Momentum ETF 0.2 13 85 3.7 -6.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 86 8.7 -1.4
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 83 1.7 -8.3
IWO iShares Russell 2000 Growth ETF 0.2 24 74 1.4 -8.6
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 56 6.6 -3.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 88 8.1 -1.9
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 61 8.7 -1.3
IQSI IQ Candriam International Equity ETF 0.2 15 83 6.4 -3.6
EFA iShares MSCI EAFE ETF 0.2 35 63 6.4 -3.7
MCHI iShares MSCI China ETF 0.2 59 39 9.0 -1.1
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 78 6.2 -3.8
OCEN IQ Clean Oceans ETF 0.2 45 53 5.3 -4.7
AVUS Avantis U.S. Equity ETF 0.2 15 83 6.0 -4.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 89 6.0 -4.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 81 5.4 -4.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 83 5.8 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 78 5.6 -4.4
BKIE BNY Mellon International Equity ETF 0.2 4 94 6.9 -3.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 89 3.9 -6.1
URNJ Sprott Junior Uranium Miners ETF 0.2 80 18 -2.4 -12.4
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 37 4.5 -5.5
URA Global X Uranium ETF 0.2 69 29 3.9 -6.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 59 4.5 -5.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 56 5.8 -4.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 40 5.5 -4.5
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 89 6.1 -3.9
SIZE iShares MSCI USA Size Factor ETF 0.2 15 83 6.0 -4.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 59 9.0 -1.0
APIE ActivePassive International Equity ETF 0.2 45 53 7.7 -2.3
SCHF Schwab International Equity ETF 0.2 6 92 7.0 -3.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 62 6.4 -3.7
SFY SoFi Select 500 ETF 0.2 0 98 5.1 -4.9
RODE Hartford Multifactor Diversified International ETF 0.2 29 69 11.5 +1.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 81 5.6 -4.4
VOOV Vanguard S&P 500 Value ETF 0.2 10 88 5.5 -4.5
PNQI Invesco NASDAQ Internet ETF 0.2 60 38 2.6 -7.5
EZM WisdomTree U.S. MidCap Fund 0.2 38 60 8.1 -1.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 94 5.7 -4.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 78 6.6 -3.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 78 6.8 -3.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 64 10.6 +0.6
IOO iShares Global 100 ETF 0.2 41 57 4.8 -5.2
FENY Fidelity MSCI Energy Index ETF 0.1 8 90 6.9 -3.2
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 94 6.7 -3.4
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 48 6.9 -3.1
TOK iShares MSCI Kokusai ETF 0.1 26 72 5.3 -4.8
GXC SPDR S&P China ETF 0.1 59 39 9.1 -0.9
JHMD John Hancock Multifactor Developed International ETF 0.1 39 59 7.3 -2.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 40 6.0 -4.1
REET iShares Global REIT ETF 0.1 14 84 7.1 -2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 59 7.6 -2.4
DSI iShares MSCI KLD 400 Social ETF 0.1 25 73 5.1 -4.9
KNCT Invesco Next Gen Connectivity ETF 0.1 40 58 5.9 -4.1
FLCH Franklin FTSE China ETF 0.1 19 79 9.6 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 94 4.6 -5.4
IVW iShares S&P 500 Growth ETF 0.1 18 80 4.4 -5.6
VFMF Vanguard U.S. Multifactor ETF 0.1 18 80 8.6 -1.4
RVRB Reverb ETF 0.1 30 68 4.9 -5.1
URTH iShares MSCI World ETF 0.1 24 74 5.4 -4.7
RECS Columbia Research Enhanced Core ETF 0.1 15 83 5.6 -4.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 86 4.5 -5.5
VDE Vanguard Energy ETF 0.1 10 88 6.8 -3.2
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 94 4.6 -5.4
STXV Strive 1000 Value ETF 0.1 18 80 7.8 -2.3
RNRG Global X Renewable Energy Producers ETF 0.1 66 32 4.9 -5.1
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 36 3.7 -6.4
PBD Invesco Global Clean Energy ETF 0.1 75 23 -3.8 -13.8
TAN Invesco Solar ETF 0.1 67 31 6.1 -4.0
DFGR Dimensional Global Real Estate ETF 0.1 22 76 7.0 -3.0
ENOR iShares MSCI Norway ETF 0.1 53 45 7.7 -2.3
DKRB Subversive Decarbonization ETF 0.1 75 23 0.0 -10.0
FMIL Fidelity New Millennium ETF 0.1 59 39 4.3 -5.7
NORW Global X MSCI Norway ETF 0.1 50 48 7.6 -2.5
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 38 4.0 -6.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 89 5.8 -4.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 69 5.6 -4.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 89 5.5 -4.6
TMFG Motley Fool Global Opportunities ETF 0.1 85 13 3.3 -6.8
VTWO Vanguard Russell 2000 ETF 0.1 10 88 3.8 -6.2
IWM iShares Russell 2000 ETF 0.1 19 79 3.6 -6.4
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.1 35 63 7.5 -2.5
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.1 42 56 7.5 -2.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 31 9.2 -0.8
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 46 7.6 -2.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 74 6.2 -3.8
VONV Vanguard Russell 1000 Value ETF 0.1 8 90 6.7 -3.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 49 4.9 -5.1
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 40 8.7 -1.3
IPKW Invesco International BuyBack Achievers ETF 0.1 55 43 9.1 -0.9
IWD iShares Russell 1000 Value ETF 0.1 19 79 6.5 -3.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 89 5.0 -5.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 89 8.0 -2.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 86 5.3 -4.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 89 5.6 -4.4
BKF iShares MSCI BIC ETF 0.1 69 29 7.1 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 78 5.1 -5.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.1 30 68 4.7 -5.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 18 11.0 +0.9
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 88 5.3 -4.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 73 5.6 -4.4
RWL Invesco S&P 500 Revenue ETF 0.1 39 59 6.6 -3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 86 5.0 -5.0
SSPY Syntax Stratified LargeCap ETF 0.1 30 68 6.4 -3.6
DFAS Dimensional U.S. Small Cap ETF 0.1 26 72 6.0 -4.1
SCHA Schwab U.S. Small-Cap ETF 0.1 4 94 4.9 -5.2
CN Xtrackers MSCI All China Equity ETF 0.1 50 48 8.7 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 89 5.2 -4.8
XVV iShares ESG Screened S&P 500 ETF 0.1 8 90 5.1 -4.9
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 92 8.1 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 89 5.1 -4.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 49 6.7 -3.3
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 89 5.0 -5.0
QINT American Century Quality Diversified International ETF 0.1 39 59 7.4 -2.7
ILCG iShares Morningstar Growth ETF 0.1 4 94 4.1 -5.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 78 5.0 -5.0
VTV Vanguard Value ETF 0.1 4 94 7.0 -3.0
VPL Vanguard FTSE Pacific ETF 0.1 8 90 6.9 -3.1
VFVA Vanguard U.S. Value Factor ETF 0.1 13 85 10.5 +0.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 87 5.2 -4.9
VOO Vanguard S&P 500 ETF 0.1 3 95 5.3 -4.7
SPY SPDR S&P 500 ETF Trust 0.1 9 89 5.2 -4.8
IVV iShares Core S&P 500 ETF 0.1 3 95 5.3 -4.8
DFUS Dimensional U.S. Equity ETF 0.1 9 89 5.1 -4.9
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 96 5.3 -4.8
PBUS Invesco MSCI USA ETF 0.1 4 94 5.2 -4.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 68 6.0 -4.0
SCHB Schwab U.S. Broad Market ETF 0.1 3 95 5.2 -4.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 84 5.4 -4.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 89 5.3 -4.7
VTHR Vanguard Russell 3000 ETF 0.1 10 88 5.1 -5.0
IWV iShares Russell 3000 ETF 0.1 20 78 5.0 -5.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 95 5.1 -4.9
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 95 5.2 -4.8
SCHX Schwab U.S. Large-Cap ETF 0.1 3 95 5.3 -4.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 78 7.1 -2.9
VV Vanguard Large-Cap ETF 0.1 4 94 5.2 -4.8
STRV Strive 500 ETF 0.1 5 93 5.2 -4.9
VOTE TCW Transform 500 ETF 0.1 5 93 5.2 -4.8
SCHK Schwab 1000 Index ETF 0.1 5 93 5.3 -4.8
AVIV Avantis International Large Cap Value ETF 0.1 25 73 8.8 -1.2
IWB iShares Russell 1000 ETF 0.1 15 83 5.1 -4.9
IYY iShares Dow Jones U.S. ETF 0.1 20 78 5.0 -5.0
VONE Vanguard Russell 1000 ETF 0.1 8 90 5.2 -4.8
DWM WisdomTree International Equity Fund 0.1 48 50 7.8 -2.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 96 5.2 -4.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 95 5.4 -4.6
ISCB iShares Morningstar Small-Cap ETF 0.1 4 94 5.3 -4.7
ILCV iShares Morningstar Value ETF 0.1 4 94 6.7 -3.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 91 5.2 -4.8
ACVF American Conservative Values ETF 0.1 75 23 4.4 -5.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 58 7.8 -2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 98 5.2 -4.8
VUG Vanguard Growth ETF 0.1 4 94 4.2 -5.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 78 6.7 -3.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 69 6.2 -3.8
VTI Vanguard Total Stock Market ETF 0.1 3 95 5.1 -5.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 78 5.9 -4.1
APUE ActivePassive U.S. Equity ETF 0.1 45 53 5.0 -5.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 87 5.2 -4.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 51 5.9 -4.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 68 6.7 -3.3
IPAC iShares Core MSCI Pacific ETF 0.1 9 89 6.6 -3.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 92 2.5 -7.6
DTH WisdomTree International High Dividend Fund 0.0 58 40 10.1 +0.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 86 7.1 -2.9
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 73 5.4 -4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 28 6.3 -3.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 23 3.7 -6.3
VXF Vanguard Extended Market ETF 0.0 6 92 3.9 -6.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 56 5.1 -4.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 79 7.2 -2.8
VONG Vanguard Russell 1000 Growth ETF 0.0 8 90 4.8 -5.2
IWF iShares Russell 1000 Growth ETF 0.0 19 79 4.7 -5.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 73 7.0 -3.0
STXG Strive 1000 Growth ETF 0.0 18 80 4.2 -5.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 59 7.2 -2.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 70 8.2 -1.8
DIHP Dimensional International High Profitability ETF 0.0 29 69 6.9 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.0 25 73 7.3 -2.7
GSPY Gotham Enhanced 500 ETF 0.0 50 48 5.2 -4.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 76 7.6 -2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 73 7.4 -2.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 77 3.9 -6.2
AVRE Avantis Real Estate ETF 0.0 17 81 6.6 -3.4
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 83 6.0 -4.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 74 8.5 -1.5
TEQI T. Rowe Price Equity Income ETF 0.0 54 44 4.1 -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:		 VanEck Africa Index ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 98 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 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.