Global X FTSE Southeast Asia ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.5x P/Sales
ratio		 2.7x
P/BV
ratio		 1.8x Div.
yield		 4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X FTSE Southeast Asia ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the FTSE Southeast Asia Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 16, 2011
Assets (mns) $80
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $46,443
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.6%
Small cap (<$2bn) 0.0%
Developed mkts 40.8%
Emerging mkts 59.2%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 17.0 %
OVERSEA-CHINESE BANKING CORP 9.6 %
UNITED OVERSEAS BANK LTD 6.5 %
SINGAPORE TELECOMMUNICATIONS LIMIT 4.9 %
BANK CENTRAL ASIA PT 4.6 %
MALAYAN BANKING BHD 3.8 %
CIMB GROUP HOLDINGS BHD 3.3 %
PUBLIC BANK BHD-FOREIGN MKT 3.1 %
DELTA ELECTRONICS THAI-NVDR 3.0 %
TENAGA NASIONAL BHD 2.9 %
Total 58.6 %

TOP COUNTRY EXPOSURE
SINGAPORE 47.2 %
THAILAND 18.2 %
MALAYSIA 16.1 %
INDONESIA 14.7 %
PHILIPPINES 3.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.4% 17.4% 8.3% 7.2% 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.57 43%
MSCI EAFE 0.74 53%
MSCI Emg. Mkts. 0.70 54%

Technical Indicators
Recent close $18.65
30d moving avg. $18.35
Annualized volatility 12.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 64
Turnover 1.5%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $849

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 272 potential alternatives to the Global X FTSE Southeast Asia ETF ETF based on the alternatives' overlap in portfolio holdings with ASEA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ASEA Expense: 65 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ASEA
Ticker Fund
Name		 Overlap1
vs ASEA
(%)		 Expense
ratio
(bp)		 Savings
vs ASEA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ASEA
(%)
EWS iShares MSCI Singapore ETF 40.4 50 15 4.1 -1.5
EWM iShares MSCI Malaysia ETF 16.1 50 15 5.9 +0.3
JIVE JPMorgan International Value ETF 15.9 55 10 9.7 +4.1
THD iShares MSCI Thailand ETF 14.4 58 7 0.0 -5.6
DVYA iShares Asia/Pacific Dividend ETF 14.2 49 16 6.9 +1.4
OBOR KraneShares MSCI One Belt One Road Index ETF 13.3 79 -14 7.2 +1.6
IDX VanEck Indonesia Index ETF 13.0 57 8 6.8 +1.2
EDIV SPDR S&P Emerging Markets Dividend ETF 12.7 49 16 8.7 +3.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 12.5 19 46 5.2 -0.4
EPP iShares MSCI Pacific ex-Japan ETF 12.1 47 18 5.0 -0.6
EIDO iShares MSCI Indonesia ETF 11.9 59 6 7.1 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 10.2 78 -13 8.6 +3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.0 80 -15 5.5 -0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.8 67 -2 13.6 +8.0
GVAL Cambria Global Value ETF 6.7 68 -3 9.4 +3.8
VIDI Vident International Equity Strategy ETF 6.4 61 4 9.3 +3.8
ROAM Hartford Multifactor Emerging Markets ETF 6.0 44 21 10.4 +4.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 5.9 29 36 8.1 +2.5
DVYE iShares Emerging Markets Dividend ETF 5.8 49 16 17.0 +11.4
OAIM OneAscent International Equity ETF 5.5 95 -30 4.6 -1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.5 9 56 8.3 +2.8
FRDM Freedom 100 Emerging Markets ETF 5.4 49 16 5.9 +0.4
AIA iShares Asia 50 ETF 5.4 50 15 10.5 +4.9
IPKW Invesco International BuyBack Achievers ETF 5.3 55 10 8.0 +2.4
DWX SPDR S&P International Dividend ETF 5.3 45 20 6.8 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.2 70 -5 7.2 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 5.2 19 46 7.4 +1.9
XC WisdomTree Emerging Markets Ex-China Fund 5.2 32 33 5.5 -0.1
INEQ Columbia International Equity Income ETF 5.1 45 20 7.5 +2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.0 25 40 5.9 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.8 24 41 6.4 +0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.7 95 -30 10.3 +4.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.7 32 33 5.3 -0.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.6 60 5 9.8 +4.3
EMMF WisdomTree Emerging Markets Multifactor Fund 4.5 48 17 6.1 +0.5
FDFF Fidelity Disruptive Finance ETF 4.5 50 15 3.9 -1.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.5 40 25 6.1 +0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.5 22 43 5.6 -0.0
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 2 12.0 +6.4
IDLV Invesco S&P International Developed Low Volatility ETF 4.0 25 40 6.2 +0.6
EMXF iShares ESG Advanced MSCI EM ETF 3.9 16 49 7.2 +1.6
AIVI WisdomTree International AI Enhanced Value Fund 3.8 58 7 6.2 +0.6
JHID John Hancock International High Dividend ETF 3.8 46 19 8.5 +2.9
EPHE iShares MSCI Philippines ETF 3.7 59 6 0.0 -5.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.7 32 33 5.5 -0.1
LVHI Franklin International Low Volatility High Dividend Index ET 3.7 40 25 9.2 +3.7
XCEM Columbia EM Core ex-China ETF 3.7 16 49 6.6 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.6 39 26 14.6 +9.0
SCHY Schwab International Dividend Equity ETF 3.5 14 51 8.8 +3.3
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 18 7.7 +2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.5 44 21 9.5 +3.9
ECON Columbia Emerging Markets Consumer ETF 3.4 49 16 10.0 +4.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.3 70 -5 11.8 +6.2
ESGE iShares ESG Aware MSCI EM ETF 3.2 25 40 8.5 +2.9
JADE JPMorgan Active Developing Markets Equity ETF 3.2 65 0 6.5 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.1 47 18 7.0 +1.5
WWJD Inspire International ETF 3.1 80 -15 6.4 +0.9
RNEM First Trust Emerging Markets Equity Select ETF 3.0 75 -10 7.8 +2.2
IPAC iShares Core MSCI Pacific ETF 3.0 9 56 5.7 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 3.0 49 16 8.3 +2.7
DWMF WisdomTree International Multifactor Fund 3.0 38 27 6.4 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 3.0 25 40 5.8 +0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 2.9 15 50 6.3 +0.7
VWID Virtus WMC International Dividend ETF 2.8 49 16 7.4 +1.8
PXH Invesco FTSE RAFI Emerging Markets ETF 2.8 49 16 13.7 +8.1
FDEM Fidelity Emerging Markets Multifactor ETF 2.8 25 40 10.8 +5.2
EEMA iShares MSCI Emerging Markets Asia ETF 2.7 49 16 7.9 +2.3
TPIF Timothy Plan International ETF 2.7 62 3 5.4 -0.2
FTHF First Trust Emerging Markets Human Flourishing ETF 2.7 75 -10 7.5 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 36 6.9 +1.3
DFNL Davis Select Financial ETF 2.6 63 2 6.5 +0.9
SCHE Schwab Emerging Markets Equity ETF 2.5 11 54 9.5 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.5 33 32 6.9 +1.3
VPL Vanguard FTSE Pacific ETF 2.5 7 58 5.8 +0.2
JPIN J.P. Morgan Diversified Return International Equity ETF 2.5 37 28 7.3 +1.7
VYMI Vanguard International High Dividend Yield ETF 2.4 17 48 8.3 +2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.3 30 35 7.6 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.3 15 50 8.5 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.3 66 -1 7.7 +2.1
GMF SPDR S&P Emerging Asia Pacific ETF 2.3 49 16 8.4 +2.9
DINT Davis Select International ETF 2.3 55 10 6.7 +1.1
BKEM BNY Mellon Emerging Markets Equity ETF 2.3 11 54 8.0 +2.4
AVES Avantis Emerging Markets Value ETF 2.2 36 29 9.6 +4.0
LDEM iShares ESG MSCI EM Leaders ETF 2.2 17 48 11.4 +5.8
STXE Strive Emerging Markets Ex-China ETF 2.2 32 33 6.2 +0.6
IQLT iShares MSCI Intl Quality Factor ETF 2.2 30 35 5.3 -0.2
JIG JPMorgan International Growth ETF 2.2 55 10 4.0 -1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 2.1 12 53 5.0 -0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.1 33 32 8.2 +2.6
EEM iShares MSCI Emerging Markets ETF 2.1 69 -4 8.1 +2.5
EMM Global X Emerging Markets ex-China ETF 2.1 75 -10 5.6 +0.0
SRET Global X SuperDividend REIT ETF 2.1 59 6 11.3 +5.7
RWX SPDR Dow Jones International Real Estate ETF 2.1 59 6 6.5 +0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.1 80 -15 8.5 +3.0
FICS First Trust International Developed Capital Strength ETF 2.1 70 -5 6.4 +0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.1 15 50 6.6 +1.0
IFGL iShares International Developed Real Estate ETF 2.0 48 17 6.5 +1.0
TMFG Motley Fool Global Opportunities ETF 2.0 85 -20 3.5 -2.1
OSEA Harbor International Compounders ETF 2.0 55 10 4.3 -1.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.0 30 35 6.0 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 2.0 36 29 6.7 +1.1
IDMO Invesco S&P International Developed Momentum ETF 2.0 25 40 5.1 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 -15 10.3 +4.7
DIVI Franklin International Core Dividend Tilt Index ETF 1.9 9 56 6.9 +1.4
DTH WisdomTree International High Dividend Fund 1.9 58 7 7.5 +1.9
FIDI Fidelity International High Dividend ETF 1.9 18 47 7.4 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.9 30 35 8.1 +2.5
ERTH Invesco MSCI Sustainable Future ETF 1.9 62 3 3.1 -2.5
IMTM iShares MSCI Intl Momentum Factor ETF 1.9 30 35 4.7 -0.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 45 5.3 -0.2
FENI Fidelity Enhanced International ETF 1.8 28 37 5.6 +0.0
CGDG Capital Group Dividend Growers ETF 1.8 47 18 5.4 -0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 33 7.0 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 1.8 9 56 8.5 +3.0
DOL WisdomTree International LargeCap Dividend Fund 1.8 48 17 6.1 +0.6
CIL VictoryShares International Volatility Wtd ETF 1.8 45 20 5.8 +0.2
FDEV Fidelity International Multifactor ETF 1.8 18 47 6.6 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 1.7 35 30 7.5 +1.9
FEOE First Eagle Overseas Equity ETF 1.7 79 -14 6.0 +0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 18 5.7 +0.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.7 35 30 11.9 +6.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.7 10 55 6.3 +0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 29 8.0 +2.4
EFV iShares MSCI EAFE Value ETF 1.7 34 31 7.8 +2.3
IQSI IQ Candriam International Equity ETF 1.6 15 50 5.6 +0.1
UIVM VictoryShares International Value Momentum ETF 1.6 35 30 7.6 +2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.6 59 6 7.6 +2.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.6 33 32 7.0 +1.4
AVEM Avantis Emerging Markets Equity ETF 1.6 33 32 7.3 +1.7
JSTC Adasina Social Justice All Cap Global ETF 1.6 89 -24 4.2 -1.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.6 53 12 6.1 +0.6
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 58 9.1 +3.5
BLES Inspire Global Hope ETF 1.5 61 4 6.1 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 58 9.3 +3.7
MEM Matthews Emerging Markets Equity Active ETF 1.5 79 -14 6.4 +0.8
JHMD John Hancock Multifactor Developed International ETF 1.5 39 26 6.5 +0.9
DWM WisdomTree International Equity Fund 1.5 48 17 6.4 +0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 40 25 6.4 +0.8
RGEF Rockefeller Global Equity ETF 1.5 55 10 3.9 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 24 6.4 +0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.5 35 30 5.8 +0.2
GQRE FlexShares Global Quality Real Estate Index Fund 1.5 45 20 7.6 +2.0
PPIE Putnam PanAgora ESG International Equity ETF 1.4 49 16 6.9 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 31 6.5 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.4 25 40 6.2 +0.6
AIRL Themes Airlines ETF 1.4 35 30 2.0 -3.6
IDOG ALPS International Sector Dividend Dogs ETF 1.4 50 15 10.6 +5.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.3 20 45 5.4 -0.1
BLOK Amplify Transformational Data Sharing ETF 1.3 75 -10 0.3 -5.3
ESGD iShares ESG Aware MSCI EAFE ETF 1.3 20 45 5.7 +0.2
VSGX Vanguard ESG International Stock ETF 1.3 10 55 6.7 +1.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 24 5.3 -0.3
CGIE Capital Group International Equity ETF 1.3 54 11 4.2 -1.4
IXG iShares Global Financials ETF 1.3 42 23 5.8 +0.3
STXI Strive International Developed Markets ETF 1.3 29 36 5.7 +0.1
EFA iShares MSCI EAFE ETF 1.3 35 30 5.8 +0.2
FIVA Fidelity International Value Factor ETF 1.3 18 47 8.1 +2.5
AVIV Avantis International Large Cap Value ETF 1.2 25 40 7.5 +1.9
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 35 6.5 +0.9
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 58 6.7 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.2 36 29 5.8 +0.2
DEW WisdomTree Global High Dividend Fund 1.2 58 7 7.6 +2.1
BITQ Bitwise Crypto Industry Innovators ETF 1.2 85 -20 -2.0 -7.5
EMIF iShares Emerging Markets Infrastructure ETF 1.2 60 5 3.1 -2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 26 5.8 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 41 6.4 +0.9
VGSR Vert Global Sustainable Real Estate ETF 1.2 47 18 7.1 +1.5
CGXU Capital Group International Focus Equity ETF 1.2 54 11 4.7 -0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 1.2 20 45 6.0 +0.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.2 38 27 7.6 +2.0
ICPY Tweedy, Browne International Insider Value ETF 1.2 80 -15 10.1 +4.5
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 41 6.3 +0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.2 18 47 6.5 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 61 6.9 +1.3
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -1 10.7 +5.1
GSID Goldman Sachs MarketBeta International Equity ETF 1.2 20 45 5.8 +0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 15 9.4 +3.8
SHPP Pacer Industrials and Logistics ETF 1.1 60 5 7.5 +2.0
IEFA iShares Core MSCI EAFE ETF 1.1 7 58 6.1 +0.5
VXUS Vanguard Total International Stock ETF 1.1 5 60 6.8 +1.3
JGLO JPMorgan Global Select Equity ETF 1.1 33 32 4.3 -1.3
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -10 4.4 -1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.1 58 7 5.8 +0.3
NXTG First Trust Indxx NextG ETF 1.0 70 -5 4.4 -1.1
BKIE BNY Mellon International Equity ETF 1.0 4 61 6.0 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -25 4.5 -1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 53 8.0 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 1.0 42 23 6.0 +0.4
AVSD Avantis Responsible International Equity ETF 1.0 23 42 4.7 -0.9
RCGE RockCreek Global Equality ETF 1.0 95 -30 6.0 +0.4
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 10 6.7 +1.1
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 40 9.5 +3.9
AVDE Avantis International Equity ETF 1.0 23 42 6.4 +0.8
INTF iShares International Equity Factor ETF 1.0 15 50 6.6 +1.0
SCHF Schwab International Equity ETF 1.0 6 59 6.2 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 20 8.5 +2.9
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 61 6.1 +0.5
IVLU iShares MSCI Intl Value Factor ETF 0.9 30 35 8.7 +3.2
IGRO iShares International Dividend Growth ETF 0.9 15 50 6.3 +0.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.9 25 40 5.4 -0.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 62 6.0 +0.5
GDX VanEck Gold Miners ETF 0.9 51 14 2.6 -3.0
GMET VanEck Green Metals ETF 0.9 63 2 5.6 +0.0
IPOS Renaissance International IPO ETF 0.9 80 -15 1.7 -3.9
DIM WisdomTree International MidCap Dividend Fund 0.9 58 7 6.5 +0.9
VEA Vanguard FTSE Developed Markets ETF 0.9 3 62 6.1 +0.6
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -15 10.3 +4.8
ERET iShares Environmentally Aware Real Estate ETF 0.9 30 35 7.0 +1.4
EFG iShares MSCI EAFE Growth ETF 0.8 36 29 3.6 -2.0
QINT American Century Quality Diversified International ETF 0.8 39 26 6.2 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.8 34 31 5.1 -0.5
DFAI Dimensional International Core Equity Market ETF 0.8 18 47 6.1 +0.5
DIHP Dimensional International High Profitability ETF 0.8 29 36 5.8 +0.2
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -5 7.6 +2.1
MOO VanEck Agribusiness ETF 0.8 53 12 9.8 +4.2
GNR SPDR S&P Global Natural Resources ETF 0.8 40 25 9.3 +3.7
BINV Brandes International ETF 0.8 70 -5 8.2 +2.6
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 26 8.3 +2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.8 31 34 5.8 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -18 8.0 +2.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.8 85 -20 3.1 -2.5
DFIV Dimensional International Value ETF 0.8 27 38 8.1 +2.6
DFEV Dimensional Emerging Markets Value ETF 0.8 43 22 10.5 +5.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.8 12 53 5.2 -0.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 0 7.1 +1.6
HAP VanEck Natural Resources ETF 0.8 50 15 7.9 +2.4
AVRE Avantis Real Estate ETF 0.8 17 48 7.0 +1.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.7 80 -15 7.4 +1.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.7 80 -15 3.5 -2.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.7 88 -23 7.4 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 20 7.5 +2.0
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 15 6.6 +1.1
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 55 5.7 +0.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 20 9.5 +3.9
REET iShares Global REIT ETF 0.6 14 51 7.3 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 26 6.8 +1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 6.6 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 40 8.2 +2.7
DFGR Dimensional Global Real Estate ETF 0.6 22 43 7.5 +1.9
TTAI FCF International Quality ETF 0.6 59 6 6.5 +0.9
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 55 4.9 -0.6
DFIC Dimensional International Core Equity 2 ETF 0.6 23 42 6.4 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 0.6 30 35 5.1 -0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 41 5.5 -0.1
GLOF iShares Global Equity Factor ETF 0.6 20 45 5.9 +0.3
IXP iShares Global Comm Services ETF 0.6 42 23 5.2 -0.3
ACWI iShares MSCI ACWI ETF 0.5 32 33 4.7 -0.9
JETS U.S. Global Jets ETF 0.5 60 5 2.0 -3.5
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 50 6.1 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.5 14 51 5.5 -0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 36 7.0 +1.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 26 9.0 +3.4
DXIV Dimensional International Vector Equity ETF 0.5 34 31 6.7 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 45 4.8 -0.8
GEW Cambria Global EW ETF 0.4 29 36 5.3 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 56 4.9 -0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 45 5.6 +0.0
VT Vanguard Total World Stock ETF 0.4 6 59 5.1 -0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 24 7.1 +1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 53 4.3 -1.3
TOK iShares MSCI Kokusai ETF 0.3 26 39 4.3 -1.3
URTH iShares MSCI World ETF 0.3 24 41 4.4 -1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 56 4.5 -1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 5.5 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 16 4.8 -0.8
IQRA IQ CBRE Real Assets ETF 0.3 65 0 5.4 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 26 5.3 -0.3
XT iShares Exponential Technologies ETF 0.2 46 19 4.2 -1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 6.2 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 23 4.7 -0.9
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 36 5.3 -0.3
FDVV Fidelity High Dividend ETF 0.1 15 50 7.0 +1.4

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Global X FTSE Southeast Asia ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.54
 
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.