Global X FTSE Southeast Asia ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 11.2x P/Sales
ratio		 1.9x
P/BV
ratio		 1.4x Div.
yield		 4.9%


  • 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) $43
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) $34,692
Large cap (>$10bn) 91.3%
Mid cap ($2-10bn) 8.7%
Small cap (<$2bn) 0.0%
Developed mkts 37.7%
Emerging mkts 62.3%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 11.4 %
OVERSEA-CHINESE BANKING CORP 8.5 %
BANK CENTRAL ASIA PT 8.2 %
UNITED OVERSEAS BANK LTD 6.3 %
BANK RAKYAT INDONESIA 6.0 %
BANK MANDIRI TBK 4.6 %
MALAYAN BANKING BHD 3.6 %
PTT PCL-NVDR 3.2 %
SINGAPORE TELECOMMUNICATIONS LIMIT 3.2 %
PUBLIC BANK BHD-FOREIGN MKT 3.0 %
Total 58.0 %

TOP COUNTRY EXPOSURE
SINGAPORE 37.0 %
INDONESIA 24.8 %
THAILAND 19.0 %
MALAYSIA 14.7 %
PHILIPPINES 4.0 %






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.
-1.9% 1.5% 1.7% 2.1% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.50 39%
MSCI EAFE 0.64 57%
MSCI Emg. Mkts. 0.63 60%

Technical Indicators
Recent close $14.47
30d moving avg. $14.65
Annualized volatility 14.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.5%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $966

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 253 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™: 6.7%


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 37.0 50 15 4.3 -2.4
EIDO iShares MSCI Indonesia ETF 23.9 59 6 7.6 +0.9
IDX VanEck Indonesia Index ETF 22.1 57 8 8.0 +1.3
THD iShares MSCI Thailand ETF 17.1 58 7 5.8 -0.9
DVYA iShares Asia/Pacific Dividend ETF 15.3 49 16 9.3 +2.7
EWM iShares MSCI Malaysia ETF 14.7 50 15 5.8 -0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.3 29 36 8.4 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 11.1 79 -14 10.3 +3.7
EPP iShares MSCI Pacific ex-Japan ETF 8.9 47 18 5.5 -1.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.5 19 46 6.0 -0.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.8 25 40 7.1 +0.4
ROAM Hartford Multifactor Emerging Markets ETF 7.5 44 21 11.9 +5.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.3 78 -13 9.2 +2.5
GVAL Cambria Global Value ETF 7.1 68 -3 12.7 +6.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.0 80 -15 5.5 -1.2
LVHI Franklin International Low Volatility High Dividend Index ET 6.7 40 25 10.3 +3.7
EMC Global X Emerging Markets Great Consumer ETF 6.5 75 -10 5.0 -1.7
VIDI Vident International Equity Strategy ETF 6.4 61 4 12.1 +5.5
FLAX Franklin FTSE Asia Ex Japan ETF 6.2 19 46 7.4 +0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.2 70 -5 6.5 -0.2
EDIV SPDR S&P Emerging Markets Dividend ETF 5.7 49 16 11.1 +4.5
DINT Davis Select International ETF 5.5 55 10 5.0 -1.7
EMM Global X Emerging Markets ex-China ETF 5.3 75 -10 3.7 -3.0
XCEM Columbia EM Core ex-China ETF 5.2 16 49 7.4 +0.7
DEM WisdomTree Emerging Markets High Dividend Fund 5.1 63 2 13.0 +6.4
EMXF iShares ESG Advanced MSCI EM ETF 5.0 16 49 7.6 +1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.0 20 45 10.9 +4.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.9 24 41 7.2 +0.5
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 4.9 18 47 8.0 +1.3
WWJD Inspire International ETF 4.8 80 -15 7.2 +0.5
RODE Hartford Multifactor Diversified International ETF 4.8 29 36 11.7 +5.0
EMMF WisdomTree Emerging Markets Multifactor Fund 4.8 48 17 9.5 +2.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.8 32 33 7.7 +1.0
LDEM iShares ESG MSCI EM Leaders ETF 4.7 17 48 8.0 +1.3
AIA iShares Asia 50 ETF 4.6 50 15 7.1 +0.5
JHID John Hancock International High Dividend ETF 4.6 46 19 11.6 +5.0
CID VictoryShares International High Div Volatility Wtd ETF 4.6 45 20 9.7 +3.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.6 20 45 7.7 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.3 39 26 12.9 +6.2
RNEM First Trust Emerging Markets Equity Select ETF 4.2 75 -10 8.4 +1.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.2 80 -15 10.4 +3.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.1 9 56 10.0 +3.3
EMXC iShares MSCI Emerging Markets ex China ETF 4.1 25 40 6.8 +0.1
DWLD Davis Select Worldwide ETF 4.1 63 2 5.8 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 4.1 49 16 6.9 +0.2
FRDM Freedom 100 Emerging Markets ETF 4.1 49 16 7.4 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 4.0 49 16 8.5 +1.9
EPHE iShares MSCI Philippines ETF 4.0 59 6 9.0 +2.4
DFNL Davis Select Financial ETF 3.9 63 2 7.2 +0.5
ESGE iShares ESG Aware MSCI EM ETF 3.9 25 40 7.8 +1.2
SCHY Schwab International Dividend Equity ETF 3.8 14 51 9.4 +2.7
PXH Invesco FTSE RAFI Emerging Markets ETF 3.7 49 16 12.8 +6.1
XC WisdomTree Emerging Markets Ex-China Fund 3.7 32 33 6.2 -0.4
SCHE Schwab Emerging Markets Equity ETF 3.6 11 54 7.7 +1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.6 30 35 8.7 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 3.5 49 16 6.5 -0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.5 32 33 6.8 +0.2
MINV Matthews Asia Innovators Active ETF 3.4 79 -14 2.9 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.4 30 35 7.7 +1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.4 15 50 7.2 +0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.4 40 25 7.3 +0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.4 44 21 10.4 +3.8
VWID Virtus WMC International Dividend ETF 3.4 49 16 9.6 +2.9
IDLV Invesco S&P International Developed Low Volatility ETF 3.4 25 40 5.9 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.2 66 -1 7.4 +0.7
STXE Strive Emerging Markets Ex-China ETF 3.2 32 33 6.9 +0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.1 70 -5 11.4 +4.8
JIG JPMorgan International Growth ETF 3.1 55 10 4.3 -2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 3.1 36 29 7.0 +0.3
BKEM BNY Mellon Emerging Markets Equity ETF 3.0 11 54 7.9 +1.2
RWX SPDR Dow Jones International Real Estate ETF 3.0 59 6 7.3 +0.6
OSEA Harbor International Compounders ETF 2.9 55 10 3.7 -2.9
ECON Columbia Emerging Markets Consumer ETF 2.9 49 16 4.9 -1.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.9 32 33 6.4 -0.3
DTH WisdomTree International High Dividend Fund 2.8 58 7 10.3 +3.7
AIVI WisdomTree International AI Enhanced Value Fund 2.8 58 7 8.1 +1.5
FDEM Fidelity Emerging Markets Multifactor ETF 2.8 25 40 12.3 +5.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.6 22 43 6.3 -0.3
EEM iShares MSCI Emerging Markets ETF 2.6 69 -4 7.1 +0.5
TPIF Timothy Plan International ETF 2.6 62 3 6.8 +0.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.6 60 5 14.8 +8.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.5 68 -3 9.1 +2.5
DVYE iShares Emerging Markets Dividend ETF 2.5 49 16 16.7 +10.1
AVES Avantis Emerging Markets Value ETF 2.5 36 29 12.3 +5.7
DFAE Dimensional Emerging Core Equity Market ETF 2.5 35 30 7.9 +1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.5 33 32 7.3 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.4 36 29 7.6 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 2.4 9 56 7.7 +1.0
VWO Vanguard FTSE Emerging Markets ETF 2.4 8 57 7.7 +1.1
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 10 8.1 +1.4
BLES Inspire Global Hope ETF 2.4 61 4 6.4 -0.3
SPEM SPDR Portfolio Emerging Markets ETF 2.3 7 58 7.6 +1.0
IPAC iShares Core MSCI Pacific ETF 2.3 9 56 6.7 0.0
VYMI Vanguard International High Dividend Yield ETF 2.3 22 43 9.9 +3.2
MEM Matthews Emerging Markets Equity Active ETF 2.3 79 -14 5.9 -0.8
DWMF WisdomTree International Multifactor Fund 2.3 38 27 7.4 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 2.2 29 36 6.3 -0.4
FTAG First Trust Indxx Global Agriculture ETF 2.2 70 -5 9.2 +2.5
DEHP Dimensional Emerging Markets High Profitability ETF 2.2 41 24 7.4 +0.7
AVEM Avantis Emerging Markets Equity ETF 2.1 33 32 9.3 +2.7
DOL WisdomTree International LargeCap Dividend Fund 2.1 48 17 7.9 +1.2
GDVD R3 Global Dividend Growth ETF 2.1 88 -23 5.9 -0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.0 59 6 9.8 +3.1
IFGL iShares International Developed Real Estate ETF 2.0 48 17 7.0 +0.4
DEW WisdomTree Global High Dividend Fund 2.0 58 7 9.3 +2.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.0 40 25 8.0 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.0 45 20 8.7 +2.1
VPL Vanguard FTSE Pacific ETF 2.0 8 57 7.0 +0.3
DIVI Franklin International Core Dividend Tilt Index ETF 2.0 9 56 8.1 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 45 6.8 +0.1
EMGF iShares Emerging Markets Equity Factor ETF 1.9 25 40 8.8 +2.2
CIL VictoryShares International Volatility Wtd ETF 1.9 45 20 7.0 +0.3
JPIN J.P. Morgan Diversified Return International Equity ETF 1.9 37 28 8.8 +2.2
FIDI Fidelity International High Dividend ETF 1.9 18 47 10.3 +3.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.9 51 14 6.9 +0.2
EMIF iShares Emerging Markets Infrastructure ETF 1.8 60 5 4.8 -1.9
DWM WisdomTree International Equity Fund 1.8 48 17 7.9 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.8 50 15 10.7 +4.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.8 49 16 19.2 +12.5
ERTH Invesco MSCI Sustainable Future ETF 1.8 62 3 3.7 -3.0
WPS iShares International Developed Property ETF 1.7 48 17 7.3 +0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.7 38 27 8.4 +1.7
DWX SPDR S&P International Dividend ETF 1.6 45 20 7.2 +0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.6 47 18 6.1 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 1.6 31 34 6.5 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.6 65 0 13.0 +6.3
IDOG ALPS International Sector Dividend Dogs ETF 1.6 50 15 11.8 +5.2
CRUZ Defiance Hotel Airline and Cruise ETF 1.6 45 20 -5.1 -11.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 55 8.2 +1.5
TMFG Motley Fool Global Opportunities ETF 1.5 85 -20 3.3 -3.4
DMXF iShares ESG Advanced MSCI EAFE ETF 1.5 12 53 5.4 -1.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -25 6.8 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 24 6.8 +0.1
VSGX Vanguard ESG International Stock ETF 1.5 12 53 6.9 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 31 6.8 +0.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -23 6.2 -0.4
FDEV Fidelity International Multifactor ETF 1.4 18 47 7.7 +1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 53 8.8 +2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -30 11.6 +5.0
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 35 6.9 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.3 30 35 6.9 +0.3
DFEV Dimensional Emerging Markets Value ETF 1.3 43 22 11.2 +4.5
ERET iShares Environmentally Aware Real Estate ETF 1.3 30 35 7.4 +0.7
MOO VanEck Agribusiness ETF 1.3 53 12 9.5 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 8 57 7.3 +0.6
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 58 7.0 +0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.2 35 30 6.5 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.2 29 36 8.9 +2.3
IXG iShares Global Financials ETF 1.2 42 23 7.0 +0.4
FIVA Fidelity International Value Factor ETF 1.2 18 47 9.5 +2.8
IQLT iShares MSCI Intl Quality Factor ETF 1.2 30 35 5.7 -0.9
BLOK Amplify Transformational Data Sharing ETF 1.2 75 -10 1.2 -5.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.2 67 -2 17.3 +10.6
GCOW Pacer Global Cash Cows Dividend ETF 1.2 60 5 13.9 +7.2
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -24 4.8 -1.9
EFV iShares MSCI EAFE Value ETF 1.2 34 31 9.3 +2.6
GNR SPDR S&P Global Natural Resources ETF 1.2 40 25 9.3 +2.6
BITQ Bitwise Crypto Industry Innovators ETF 1.2 85 -20 -5.2 -11.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.1 39 26 7.7 +1.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.1 85 -20 4.9 -1.8
VXUS Vanguard Total International Stock ETF 1.1 7 58 7.2 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.1 25 40 7.5 +0.9
IQSI IQ Candriam International Equity ETF 1.1 15 50 6.5 -0.2
MOTI VanEck Morningstar International Moat ETF 1.0 58 7 7.1 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 41 8.6 +2.0
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 26 9.3 +2.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.0 20 45 6.3 -0.3
BPAY BlackRock Future Financial and Technology ETF 1.0 70 -5 8.3 +1.6
IGRO iShares International Dividend Growth ETF 1.0 15 50 7.2 +0.6
JHMD John Hancock Multifactor Developed International ETF 1.0 39 26 7.5 +0.8
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -10 5.3 -1.3
ISZE iShares MSCI Intl Size Factor ETF 1.0 30 35 6.6 -0.0
VIGI Vanguard International Dividend Appreciation ETF 1.0 15 50 5.6 -1.1
NXTG First Trust Indxx NextG ETF 1.0 70 -5 6.1 -0.6
EFA iShares MSCI EAFE ETF 0.9 35 30 6.5 -0.2
AVIV Avantis International Large Cap Value ETF 0.9 25 40 9.0 +2.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.9 80 -15 5.7 -0.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.9 20 45 6.4 -0.3
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 15 7.0 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 29 6.5 -0.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.9 24 41 6.8 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 45 6.8 +0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.9 20 45 6.9 +0.2
FM iShares Frontier and Select EM ETF 0.8 80 -15 9.5 +2.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -15 10.9 +4.3
SETM Sprott Energy Transition Materials ETF 0.8 65 0 5.3 -1.4
FPXI First Trust International Equity Opportunities ETF 0.8 70 -5 3.7 -3.0
GMET VanEck Green Metals ETF 0.8 63 2 9.9 +3.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 20 12.9 +6.2
DIM WisdomTree International MidCap Dividend Fund 0.8 58 7 7.7 +1.1
IEFA iShares Core MSCI EAFE ETF 0.8 7 58 2.7 -3.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 0 8.5 +1.9
BKIE BNY Mellon International Equity ETF 0.8 4 61 7.0 +0.3
DFIV Dimensional International Value ETF 0.8 27 38 10.0 +3.3
SHPP Pacer Industrials and Logistics ETF 0.8 60 5 9.0 +2.3
SCHF Schwab International Equity ETF 0.8 6 59 7.1 +0.4
INTF iShares International Equity Factor ETF 0.8 15 50 7.9 +1.2
AVDE Avantis International Equity ETF 0.7 23 42 8.0 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 62 7.0 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 61 6.8 +0.1
EFG iShares MSCI EAFE Growth ETF 0.7 36 29 4.1 -2.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.7 20 45 7.0 +0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 35 7.9 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.7 5 60 7.1 +0.4
HAP VanEck Natural Resources ETF 0.7 50 15 9.6 +3.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.6 25 40 6.1 -0.6
DIHP Dimensional International High Profitability ETF 0.6 29 36 6.9 +0.3
DFAI Dimensional International Core Equity Market ETF 0.6 18 47 7.0 +0.3
AVRE Avantis Real Estate ETF 0.6 17 48 6.7 +0.1
JRNY ALPS Global Travel Beneficiaries ETF 0.6 65 0 0.0 -6.7
CGXU Capital Group International Focus Equity ETF 0.6 54 11 4.2 -2.5
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 18 10.9 +4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.6 14 51 6.3 -0.4
ACWI iShares MSCI ACWI ETF 0.6 32 33 5.5 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.6 25 40 9.2 +2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 26 7.4 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 20 8.6 +2.0
UIVM VictoryShares International Value Momentum ETF 0.5 35 30 10.9 +4.2
REET iShares Global REIT ETF 0.5 14 51 7.3 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.5 83 -18 9.1 +2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 56 5.8 -0.9
JETS U.S. Global Jets ETF 0.5 60 5 -15.8 -22.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 24 8.0 +1.3
HART IQ Healthy Hearts ETF 0.5 45 20 5.4 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.5 23 42 7.5 +0.8
DFGR Dimensional Global Real Estate ETF 0.5 22 43 7.2 +0.5
TTAI FCF International Quality ETF 0.5 59 6 7.4 +0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.5 29 36 5.8 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 35 6.1 -0.6
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 35 10.8 +4.2
VT Vanguard Total World Stock ETF 0.4 7 58 5.9 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 41 6.3 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 45 5.6 -1.0
IQIN IQ 500 International ETF 0.3 25 40 8.9 +2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 16 5.9 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 31 10.7 +4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 6.8 +0.2
TOK iShares MSCI Kokusai ETF 0.3 26 39 5.3 -1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 56 5.5 -1.1
URTH iShares MSCI World ETF 0.2 24 41 5.4 -1.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 23 5.1 -1.5
KNCT Invesco Next Gen Connectivity ETF 0.2 40 25 5.9 -0.8
FILL iShares MSCI Global Energy Producers ETF 0.2 39 26 9.2 +2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 53 5.1 -1.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 20 3.4 -3.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 26 10.9 +4.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 35 6.9 +0.2
FEM First Trust Emerging Markets AlphaDEX Fund 0.2 80 -15 16.5 +9.9
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 40 6.9 +0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 26 6.9 +0.3
GLOF iShares Global Equity Factor ETF 0.1 20 45 7.1 +0.4
QINT American Century Quality Diversified International ETF 0.1 39 26 7.5 +0.8
IPOS Renaissance International IPO ETF 0.0 80 -15 -167.9 -174.6

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
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*Six months ago = 100

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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:		 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 10.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 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.