AI Powered International Equity ETF
ALTAR
Score™
4.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
23.7x P/Sales
ratio
1.4x
P/BV
ratio
1.9x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AI Powered International Equity ETF is an actively managed fund of developed-market ex-US companies selected by a proprietary, quantitative model that incorporates artificial intelligence (AI).

FUND BASICS
Category international Equities
Fund Sponsor ETF Managers Group
Website www.aiiqetf.com
Inception date Jun 06, 2018
Assets (mns) $4
Currency USD
Expense ratio 79 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 145
Wgt avg mkt cap (mns) $47,007
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 17.7%
Small cap (<$2bn) 12.9%
Developed mkts 99.1%
Emerging mkts 0.9%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 4.7 %
TOYOTA MOTOR CORP -SPON ADR 2.6 %
ROCHE HOLDINGS LTD-SPONS ADR 2.5 %
SAP AG-SPONSORED ADR 2.3 %
ATLASSIAN CORP. PLC CLASS A 2.1 %
FUJIFILM HOLDINGS CORP 1.9 %
SIEMENS AG-REG 1.9 %
ELBIT SYSTEMS LTD 1.6 %
ORIX - SPONSORED ADR 1.5 %
OPEN TEXT CORP 1.4 %
Total 22.6 %

TOP COUNTRY EXPOSURE
CANADA 29.6 %
BRITAIN 12.9 %
JAPAN 11.3 %
ISRAEL 6.7 %
SWITZERLAND 5.9 %
GERMANY 5.6 %
IRELAND 4.3 %
NETHERLANDS 3.2 %
FRANCE 2.0 %
DENMARK 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.0% -5.4% -- -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.01 90%
MSCI EAFE 1.12 91%
MSCI Emg. Mkts. 0.87 81%

Technical Indicators
Recent close $24.03
30d moving avg. $22.70
Annualized volatility 22.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $15,556

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the AI Powered International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with AIIQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIIQ Expense: 79 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIIQ
Ticker Fund
Name
Overlap1
vs AIIQ
(%)
Expense
ratio
(bp)
Savings
vs AIIQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIIQ
(%)
AVDE Avantis International Equity ETF 13.7 23 56 8.9 +4.4
EWC iShares MSCI Canada ETF 13.2 49 30 7.4 +2.9
QCAN SPDR MSCI Canada Quality Mix ETF 12.8 14 65 7.7 +3.2
BBCA JPMorgan BetaBuilders Canada ETF 12.8 19 60 7.6 +3.1
PID Invesco International Dividend Achievers ETF 12.1 54 25 11.9 +7.4
AADR WCM/BNY Mellon Focused Growth ADR ETF 10.2 110 -31 3.7 -0.8
FLCA Franklin FTSE Canada ETF 10.2 9 70 7.9 +3.5
IDMO Invesco S&P International Developed Momentum ETF 8.6 25 54 4.9 +0.5
ISDX Invesco Strategic Developed ex-US ETF 8.3 23 56 8.5 +4.0
PIZ Invesco DWA Developed Markets Momentum ETF 8.0 80 -1 4.5 +0.0
AIQ Global X Future Analytics Tech ETF 7.7 68 11 4.3 -0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.7 65 14 13.3 +8.8
IGRO iShares International Dividend Growth ETF 7.7 22 57 9.0 +4.5
FDNI First Trust Dow Jones International Internet ETF 7.4 65 14 2.9 -1.5
SKYY First Trust Cloud Computing ETF 6.9 60 19 2.1 -2.4
FVD First Trust Value Line Dividend Index Fund 6.6 70 9 6.8 +2.3
IZRL ARK Israel Innovative Technology ETF 6.5 49 30 0.4 -4.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 6.3 61 18 5.4 +0.9
PPH VanEck Vectors Pharmaceutical ETF 6.2 36 43 10.2 +5.7
PNQI Invesco NASDAQ Internet ETF 5.9 62 17 1.3 -3.2
ITEQ BlueStar Israel Technology ETF 5.9 75 4 1.2 -3.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 5.8 68 11 4.8 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 5.8 4 75 8.1 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 5.6 5 74 8.1 +3.6
CIL VictoryShares International Volatility Weighted Index ETF 5.5 45 34 7.5 +3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 5.4 25 54 7.5 +3.1
CWI SPDR MSCI ACWI ex-US ETF 5.3 30 49 8.4 +3.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 5.1 30 49 5.2 +0.7
SCHF Schwab International Equity ETF 5.1 6 73 8.2 +3.8
PDEV Principal International Multi-Factor Core Index ETF 5.1 25 54 8.8 +4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.0 16 63 7.8 +3.3
MVIN Natixis Seeyond International Minimum Volatility ETF 5.0 55 24 6.1 +1.6
XNTK SPDR Morgan Stanley Technology ETF 5.0 35 44 4.1 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.0 40 39 8.1 +3.6
VEA Vanguard FTSE Developed Markets ETF 5.0 5 74 8.3 +3.9
TTFS AdvisorShares Wilshire Buyback ETF 4.9 91 -12 6.6 +2.2
TPIF Timothy Plan International ETF 4.9 62 17 7.8 +3.3
XITK SPDR FactSet Innovative Technology ETF 4.8 45 34 0.5 -4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.8 45 34 10.2 +5.7
NUDM Nuveen ESG International Developed Markets Equity ETF 4.8 40 39 7.6 +3.1
EBIZ Global X E-Commerce ETF 4.7 50 29 3.2 -1.3
FPXI First Trust International Equity Opportunities ETF 4.7 70 9 3.0 -1.5
BUYZ Franklin Disruptive Commerce ETF 4.7 50 29 -0.1 -4.6
FNDF Schwab Fundamental International Large Co. Index ETF 4.7 25 54 9.9 +5.5
CLOU Global X Cloud Computing ETF 4.6 68 11 0.8 -3.7
ACWX iShares MSCI ACWI ex U.S. ETF 4.6 32 47 8.3 +3.9
KOMP SPDR Kensho New Economies Composite ETF 4.6 20 59 1.8 -2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.6 39 40 7.4 +2.9
IDHQ Invesco S&P International Developed High Quality ETF 4.6 29 50 5.8 +1.4
IQIN IQ 500 International ETF 4.6 25 54 10.5 +6.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 4.4 35 44 9.6 +5.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 4.4 75 4 2.2 -2.3
ISZE iShares Edge MSCI Intl Size Factor ETF 4.3 30 49 7.8 +3.4
IXUS ishares Core MSCI Total International Stock ETF 4.3 9 70 8.4 +3.9
EIS iShares MSCI Israel ETF 4.2 59 20 9.2 +4.7
EXI iShares Global Industrials ETF 4.2 46 33 7.0 +2.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 4.2 30 49 6.8 +2.3
ISRA VanEck Vectors Israel ETF 4.2 60 19 7.2 +2.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 4.1 75 4 3.9 -0.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 4.0 65 14 9.9 +5.4
SGDM Sprott Gold Miners ETF 4.0 50 29 2.3 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 4.0 8 71 8.6 +4.1
SCHC Schwab International Small-Cap Equity ETF 4.0 12 67 7.9 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.9 39 40 10.3 +5.8
NANR SPDR S&P North American Natural Resources ETF 3.9 35 44 3.5 -1.0
VXUS Vanguard Total International Stock Index Fund 3.9 8 71 8.6 +4.1
IQSI IQ Candriam ESG International Equity ETF 3.8 15 64 8.1 +3.6
DTEC ALPS Disruptive Technologies ETF 3.8 50 29 3.8 -0.7
GDAT Goldman Sachs Motif Data-Driven World Etf 3.8 50 29 5.4 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.7 47 32 15.2 +10.8
INTF iShares Edge MSCI Multifactor Intl ETF 3.7 30 49 9.1 +4.7
FIVA Fidelity International Value Factor ETF 3.7 39 40 11.7 +7.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.7 45 34 7.6 +3.2
VIGI Vanguard International Dividend Appreciation ETF 3.7 25 54 6.4 +2.0
RBUS Nationwide Risk-Based U.S. Equity ETF 3.7 30 49 5.3 +0.8
EZU iShares MSCI Eurozone ETF 3.7 49 30 7.7 +3.3
QJPN SPDR MSCI Japan StrategicFactors ETF 3.7 14 65 8.9 +4.4
EWJ iShares MSCI Japan ETF 3.6 49 30 8.3 +3.8
XBUY Amplify International Online Retail ETF 3.6 69 10 -1.0 -5.4
DBGR Xtrackers MSCI Germany Hedged Equity ETF 3.6 45 34 8.2 +3.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.6 45 34 8.4 +3.9
BBJP JPMorgan BetaBuilders Japan ETF 3.6 19 60 8.6 +4.1
FCAN First Trust Canada AlphaDex Fund 3.6 80 -1 5.5 +1.0
IDRV iShares Self-driving EV & Tech ETF 3.6 47 32 7.6 +3.2
IBB iShares NASDAQ Biotechnology ETF 3.6 47 32 0.4 -4.1
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 32 14.6 +10.1
FLJP Franklin FTSE Japan ETF 3.5 9 70 8.7 +4.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 3.5 30 49 8.5 +4.0
GNR SPDR S&P Global Natural Resources ETF 3.5 40 39 7.0 +2.5
FLJH Franklin FTSE Japan Hedged ETF 3.5 9 70 8.7 +4.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.5 25 54 8.5 +4.0
VGFO Virtus WMC Global Factor Opportunities ETF 3.5 49 30 6.6 +2.1
GOEX Global X Gold Explorers ETF 3.4 65 14 3.1 -1.3
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 3.4 50 29 4.8 +0.3
PLAT WisdomTree Modern Tech Platforms Fund 3.4 45 34 1.4 -3.1
QTUM Defiance Quantum ETF 3.4 40 39 5.8 +1.3
VYMI Vanguard International High Dividend Yield ETF 3.4 32 47 11.4 +6.9
VSGX Vanguard ESG International Stock ETF 3.4 17 62 8.2 +3.7
DWMF WisdomTree International Multifactor Fund 3.4 38 41 7.4 +2.9
URTH iShares MSCI World ETF 3.4 24 55 6.2 +1.8

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
AI Powered International Equity 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 9.7 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.58
 
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.