SPDR S&P International Dividend ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.5x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P International Dividend ETF objective is to provide investment results that correspond generally to the price and yield performance of the S&P International Dividend Opportunities Inde

FUND BASICS
Category International Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Feb 12, 2008
Assets (mns) $464
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Derivative
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $31,384
Large cap (>$10bn) 55.3%
Mid cap ($2-10bn) 41.1%
Small cap (<$2bn) 3.6%
Developed mkts 89.1%
Emerging mkts 10.9%

TOP TEN HOLDINGS
APA GROUP 2.2 %
ORANGE SA 2.0 %
SNAM RETE GAS 1.8 %
BOUYGUES SA 1.8 %
ITALGAS SPA 1.8 %
EDP-ENERGIAS DE PORTUGAL SA 1.7 %
RED ELECTRICA CORP. SA 1.7 %
EIFFAGE 1.6 %
NATIONAL GRID PLC 1.5 %
M&G PLC 1.5 %
Total 17.5 %

TOP COUNTRY EXPOSURE
JAPAN 23.0 %
CANADA 13.1 %
BRITAIN 10.6 %
SWITZERLAND 7.6 %
AUSTRALIA 7.3 %
FRANCE 7.1 %
TAIWAN 5.3 %
ITALY 4.7 %
GERMANY 3.5 %
SPAIN 3.5 %

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.
17.2% 23.3% 9.3% 3.2% 1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.60 41%
MSCI EAFE 0.77 71%
MSCI Emg. Mkts. 0.70 59%

Technical Indicators
Recent close $40.88
30d moving avg. $39.67
Annualized volatility 15.6%
Short interest (ETF) 1.9%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 108
Turnover 1.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 433 potential alternatives to the SPDR S&P International Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with DWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWX Expense: 45 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWX
Ticker Fund
Name		 Overlap1
vs DWX
(%)		 Expense
ratio
(bp)		 Savings
vs DWX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DWX
(%)
FID First Trust S&P International Dividend Aristocrats ETF 26.4 60 -15 8.5 +2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.6 80 -35 5.5 -0.7
IDLV Invesco S&P International Developed Low Volatility ETF 24.0 25 20 6.6 +0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 23.5 22 23 5.8 -0.4
WDIV SPDR S&P Global Dividend ETF 22.9 40 5 9.7 +3.5
VWID Virtus WMC International Dividend ETF 17.5 49 -4 8.9 +2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 17.1 32 13 6.0 -0.3
DWMF WisdomTree International Multifactor Fund 16.9 38 7 7.0 +0.8
EFV iShares MSCI EAFE Value ETF 16.6 34 11 9.4 +3.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.2 30 15 7.1 +0.9
LVHI Franklin International Low Volatility High Dividend Index ET 15.8 40 5 10.8 +4.6
VYMI Vanguard International High Dividend Yield ETF 15.4 22 23 9.9 +3.7
DIVI Franklin International Core Dividend Tilt Index ETF 15.1 9 36 8.2 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 15.0 83 -38 9.8 +3.6
DOL WisdomTree International LargeCap Dividend Fund 15.0 48 -3 7.5 +1.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 14.3 9 36 9.3 +3.1
EFAS Global X MSCI SuperDividend EAFE ETF 13.5 57 -12 8.4 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.3 40 5 7.7 +1.5
DWM WisdomTree International Equity Fund 13.3 48 -3 7.7 +1.5
IDV iShares International Select Dividend ETF 13.3 51 -6 12.0 +5.8
FDEV Fidelity International Multifactor ETF 13.2 18 27 7.7 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.0 45 0 9.2 +3.0
JIRE JPMorgan International Research Enhanced Equity ETF 12.9 24 21 7.4 +1.1
DTH WisdomTree International High Dividend Fund 12.7 58 -13 9.1 +2.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.6 29 16 8.1 +1.9
IQLT iShares MSCI Intl Quality Factor ETF 12.6 30 15 6.3 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 12.5 20 25 7.0 +0.8
IEV iShares Europe ETF 12.4 67 -22 6.9 +0.7
STXI Strive International Developed Markets ETF 12.4 29 16 7.1 +0.9
RWX SPDR Dow Jones International Real Estate ETF 12.0 59 -14 7.1 +0.9
IEUR iShares Core MSCI Europe ETF 12.0 11 34 7.4 +1.2
VGK Vanguard FTSE Europe ETF 12.0 11 34 7.4 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.0 25 20 7.4 +1.2
OEUR ALPS O'Shares Europe Quality Dividend ETF 11.9 48 -3 5.9 -0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.9 50 -5 5.9 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.9 46 -1 6.6 +0.4
EFA iShares MSCI EAFE ETF 11.9 35 10 7.0 +0.8
FLEE Franklin FTSE Europe ETF 11.8 9 36 7.3 +1.1
JPIN J.P. Morgan Diversified Return International Equity ETF 11.8 37 8 8.8 +2.6
BBEU JPMorgan BetaBuilders Europe ETF 11.7 9 36 7.2 +1.0
IGRO iShares International Dividend Growth ETF 11.7 15 30 7.3 +1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 11.6 20 25 7.3 +1.0
GSID Goldman Sachs MarketBeta International Equity ETF 11.5 20 25 7.2 +0.9
BKIE BNY Mellon International Equity ETF 11.5 4 41 7.3 +1.1
JHMD John Hancock Multifactor Developed International ETF 11.4 39 6 7.8 +1.6
SPEU SPDR Portfolio Europe ETF 11.4 7 38 7.4 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.4 36 9 6.7 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 11.1 34 11 6.0 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 11.1 25 20 10.0 +3.8
FIVA Fidelity International Value Factor ETF 11.1 18 27 10.5 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 11.0 4 41 7.3 +1.1
IEFA iShares Core MSCI EAFE ETF 10.9 7 38 7.3 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 10.7 31 14 6.5 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.7 20 25 6.5 +0.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 10.7 46 -1 5.5 -0.8
VEA Vanguard FTSE Developed Markets ETF 10.5 5 40 7.5 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 10.4 3 42 7.4 +1.2
AIVI WisdomTree International AI Enhanced Value Fund 10.3 58 -13 7.4 +1.2
CIL VictoryShares International Volatility Wtd ETF 10.3 45 0 6.8 +0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.2 47 -2 5.8 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.0 25 20 7.4 +1.1
IQRA IQ CBRE Real Assets ETF 10.0 65 -20 5.7 -0.5
FIDI Fidelity International High Dividend ETF 10.0 18 27 9.2 +3.0
IFGL iShares International Developed Real Estate ETF 9.9 48 -3 7.3 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 9.9 83 -38 10.6 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.9 39 6 6.9 +0.7
DFAI Dimensional International Core Equity Market ETF 9.7 18 27 7.5 +1.2
JXI iShares Global Utilities ETF 9.6 43 2 5.9 -0.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 9.6 12 33 6.3 +0.0
IVLU iShares MSCI Intl Value Factor ETF 9.6 30 15 11.0 +4.8
SCHF Schwab International Equity ETF 9.5 6 39 7.6 +1.4
RCGE RockCreek Global Equality ETF 9.4 95 -50 6.4 +0.2
CWI SPDR MSCI ACWI ex-US ETF 9.3 30 15 8.0 +1.8
INTF iShares International Equity Factor ETF 9.2 15 30 7.9 +1.7
IQSI IQ Candriam International Equity ETF 9.2 15 30 6.7 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 9.2 34 11 8.0 +1.8
DIM WisdomTree International MidCap Dividend Fund 8.9 58 -13 7.8 +1.6
GCOW Pacer Global Cash Cows Dividend ETF 8.8 60 -15 11.1 +4.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.8 35 10 6.8 +0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.8 20 25 6.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 8.5 8 37 8.4 +2.2
FENI Fidelity Enhanced International ETF 8.5 28 17 6.9 +0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.5 18 27 8.0 +1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.4 24 21 7.7 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 41 4 7.7 +1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.4 14 31 6.4 +0.2
UIVM VictoryShares International Value Momentum ETF 8.4 35 10 9.6 +3.4
IMTM iShares MSCI Intl Momentum Factor ETF 8.1 30 15 5.5 -0.7
IXUS iShares Core MSCI Total International Stock ETF 8.1 7 38 8.2 +2.0
VXUS Vanguard Total International Stock ETF 8.0 7 38 8.2 +2.0
VSGX Vanguard ESG International Stock ETF 7.6 12 33 8.0 +1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.6 12 33 8.3 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 7.5 20 25 5.8 -0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.5 10 35 8.4 +2.2
EWJV iShares MSCI Japan Value ETF 7.5 15 30 9.6 +3.4
NXTG First Trust Indxx NextG ETF 7.4 70 -25 5.6 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 7.3 39 6 8.6 +2.4
PPIE Putnam PanAgora ESG International Equity ETF 7.3 49 -4 7.6 +1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 7.3 49 -4 11.8 +5.6
IDOG ALPS International Sector Dividend Dogs ETF 7.3 50 -5 12.6 +6.4
DIHP Dimensional International High Profitability ETF 7.2 29 16 7.3 +1.1
DFIV Dimensional International Value ETF 7.2 27 18 10.2 +4.0
RODE Hartford Multifactor Diversified International ETF 7.2 29 16 11.0 +4.8
FDD First Trust Stoxx European Select Dividend Index Fund 7.0 58 -13 12.0 +5.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.0 56 -11 12.3 +6.1
IDHQ Invesco S&P International Developed High Quality ETF 6.9 29 16 6.7 +0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 6.8 55 -10 5.8 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 6.8 30 15 6.2 -0.1
EWU iShares MSCI United Kingdom ETF 6.8 50 -5 8.6 +2.4
EZU iShares MSCI Eurozone ETF 6.8 52 -7 6.8 +0.6
BLLD JPMorgan Sustainable Infrastructure ETF 6.8 49 -4 6.2 -0.1
IDMO Invesco S&P International Developed Momentum ETF 6.7 25 20 5.5 -0.7
FEP First Trust Europe AlphaDEX Fund 6.7 80 -35 9.6 +3.4
TPIF Timothy Plan International ETF 6.6 62 -17 6.4 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.6 45 0 6.7 +0.5
FEUZ First Trust Eurozone AlphaDEX ETF 6.6 80 -35 9.6 +3.4
FLGB Franklin FTSE United Kingdom ETF 6.6 9 36 8.0 +1.8
AVIV Avantis International Large Cap Value ETF 6.5 25 20 9.1 +2.9
QINT American Century Quality Diversified International ETF 6.5 39 6 7.6 +1.3
DTAN Sparkline International Intangible Value ETF 6.4 55 -10 8.4 +2.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.4 58 -13 6.8 +0.6
SCHY Schwab International Dividend Equity ETF 6.4 14 31 9.7 +3.5
EWC iShares MSCI Canada ETF 6.3 50 -5 6.5 +0.3
JPXN iShares JPX-Nikkei 400 ETF 6.3 48 -3 7.4 +1.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.3 25 20 6.0 -0.2
FICS First Trust International Developed Capital Strength ETF 6.3 70 -25 6.1 -0.1
DFIC Dimensional International Core Equity 2 ETF 6.3 23 22 7.8 +1.6
AVDE Avantis International Equity ETF 6.2 23 22 7.9 +1.7
PATN Pacer Nasdaq International Patent Leaders ETF 6.2 65 -20 6.6 +0.4
INEQ Columbia International Equity Income ETF 6.2 45 0 8.7 +2.5
FSZ First Trust Switzerland AlphaDEX Fund 6.1 80 -35 4.9 -1.3
DFSI Dimensional International Sustainability Core 1 ETF 6.0 24 21 6.6 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 6.0 19 26 7.5 +1.3
FLJP Franklin FTSE Japan ETF 6.0 9 36 7.0 +0.8
EWJ iShares MSCI Japan ETF 6.0 50 -5 6.9 +0.7
CGDG Capital Group Dividend Growers ETF 5.9 47 -2 6.3 +0.1
DEW WisdomTree Global High Dividend Fund 5.9 58 -13 8.8 +2.6
FLJH Franklin FTSE Japan Hedged ETF 5.9 9 36 6.8 +0.6
EWL iShares MSCI Switzerland ETF 5.8 50 -5 6.0 -0.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.8 58 -13 5.0 -1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.7 47 -2 6.9 +0.7
FLSW Franklin FTSE Switzerland ETF 5.7 9 36 6.2 -0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.7 25 20 7.8 +1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 5.6 12 33 5.5 -0.7
KNO AXS Knowledge Leaders ETF 5.6 78 -33 6.1 -0.1
BBCA JPMorgan BetaBuilders Canada ETF 5.5 19 26 6.8 +0.5
KXI iShares Global Consumer Staples ETF 5.4 41 4 5.4 -0.8
IPAC iShares Core MSCI Pacific ETF 5.4 9 36 7.0 +0.8
AVSD Avantis Responsible International Equity ETF 5.4 23 22 5.9 -0.4
VIGI Vanguard International Dividend Appreciation ETF 5.4 15 30 6.2 +0.0
KLMT Invesco MSCI Global Climate 500 ETF 5.4 10 35 6.0 -0.2
DGT SPDR Global Dow ETF 5.3 50 -5 7.5 +1.2
IVAL Alpha Architect International Quantitative Value ETF 5.3 49 -4 11.5 +5.3
IOO iShares Global 100 ETF 5.1 41 4 5.2 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 5.1 42 3 5.6 -0.6
OCEN IQ Clean Oceans ETF 5.0 45 0 6.6 +0.4
RWO SPDR Dow Jones Global Real Estate ETF 5.0 50 -5 7.0 +0.8
TTAI FCF International Quality ETF 5.0 59 -14 7.1 +0.9
IGF iShares Global Infrastructure ETF 5.0 41 4 4.7 -1.5
IXP iShares Global Comm Services ETF 5.0 42 3 6.3 +0.1
GII SPDR S&P Global Infrastructure ETF 5.0 40 5 4.7 -1.5
BINV Brandes International ETF 4.9 70 -25 9.9 +3.7
JHID John Hancock International High Dividend ETF 4.9 46 -1 11.0 +4.8
WWJD Inspire International ETF 4.8 80 -35 7.4 +1.1
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -14 12.1 +5.9
VPL Vanguard FTSE Pacific ETF 4.8 8 37 7.5 +1.3
DXJ WisdomTree Japan Hedged Equity Fund 4.7 48 -3 8.3 +2.1
FEZ SPDR EURO STOXX 50 ETF 4.7 29 16 7.1 +0.9
UMMA Wahed Dow Jones Islamic World ETF 4.7 65 -20 5.3 -1.0
IXC iShares Global Energy ETF 4.7 44 1 10.7 +4.5
FKU First Trust United Kingdom AlphaDEX Fund 4.5 80 -35 7.6 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.5 30 15 8.4 +2.2
VCLN Virtus Duff & Phelps Clean Energy ETF 4.5 59 -14 5.8 -0.4
CZAR Themes Natural Monopoly ETF 4.5 35 10 5.6 -0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.5 25 20 6.4 +0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.4 65 -20 12.1 +5.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.4 65 -20 3.7 -2.5
SCJ iShares MSCI Japan Small-Cap ETF 4.4 50 -5 7.3 +1.1
EWT iShares MSCI Taiwan ETF 4.4 58 -13 6.5 +0.3
UMI USCF Midstream Energy Income Fund ETF 4.4 85 -40 4.9 -1.3
ENFR Alerian Energy Infrastructure ETF 4.4 35 10 5.4 -0.9
USAI Pacer American Energy Independence ETF 4.4 75 -30 4.8 -1.4
EPP iShares MSCI Pacific ex-Japan ETF 4.3 47 -2 5.5 -0.7
TPYP Tortoise North American Pipeline Fund 4.3 40 5 5.7 -0.5
IQDF FlexShares International Quality Dividend Index Fund 4.3 47 -2 9.3 +3.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.2 19 26 6.2 -0.0
QTUM Defiance Quantum ETF 4.1 40 5 6.6 +0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.0 46 -1 10.6 +4.4
ERET iShares Environmentally Aware Real Estate ETF 3.9 30 15 7.5 +1.2
GLBL Pacer MSCI World Industry Advantage ETF 3.9 65 -20 4.5 -1.7
FLCA Franklin FTSE Canada ETF 3.9 9 36 6.9 +0.7
FJP First Trust Japan AlphaDEX Fund 3.9 80 -35 10.1 +3.9
VGSR Vert Global Sustainable Real Estate ETF 3.9 47 -2 7.2 +1.0
EWQ iShares MSCI France ETF 3.9 53 -8 7.1 +0.9
EFG iShares MSCI EAFE Growth ETF 3.9 36 9 4.4 -1.8
GQRE FlexShares Global Quality Real Estate Index Fund 3.8 45 0 7.8 +1.6
DIVS SmartETFs Dividend Builder ETF 3.8 65 -20 5.0 -1.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.8 75 -30 8.1 +1.9
FEGE First Eagle Global Equity ETF 3.7 79 -34 7.2 +1.0
FEOE First Eagle Overseas Equity ETF 3.7 79 -34 8.4 +2.1
EWA iShares MSCI Australia ETF 3.7 50 -5 6.0 -0.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.7 29 16 8.5 +2.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.7 80 -35 10.0 +3.7
VIDI Vident International Equity Strategy ETF 3.7 61 -16 11.3 +5.1
URTH iShares MSCI World ETF 3.6 24 21 5.4 -0.8
FLTW Franklin FTSE Taiwan ETF 3.5 19 26 6.7 +0.5
HEDJ WisdomTree Europe Hedged Equity Fund 3.4 58 -13 6.4 +0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 -20 8.2 +2.0
TOK iShares MSCI Kokusai ETF 3.4 26 19 5.3 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.4 9 36 6.1 -0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.3 80 -35 10.5 +4.3
ACWI iShares MSCI ACWI ETF 3.3 32 13 5.8 -0.4
FLAU Franklin FTSE Australia ETF 3.3 9 36 6.3 +0.1
WRND IQ Global Equity R&D Leaders ETF 3.2 18 27 8.9 +2.7
DSTX Distillate International Fundamental Stability & Value ETF 3.2 55 -10 8.4 +2.2
IPAV Global X Infrastructure Development ex-U.S. ETF 3.2 55 -10 7.9 +1.6
CLNR IQ Cleaner Transport ETF 3.2 45 0 6.9 +0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 3.2 9 36 5.4 -0.8
GLOF iShares Global Equity Factor ETF 3.1 20 25 6.9 +0.7
COPY Tweedy, Browne Insider + Value ETF 3.1 80 -35 12.6 +6.4
EUFN iShares MSCI Europe Financials ETF 3.0 51 -6 8.3 +2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 -3 8.0 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 33 5.3 -0.9
VT Vanguard Total World Stock ETF 3.0 7 38 6.2 -0.1
GVAL Cambria Global Value ETF 3.0 68 -23 11.1 +4.9
KOCG FIS Knights of Columbus Global Belief ETF 2.9 75 -30 5.1 -1.1
EWI iShares MSCI Italy ETF 2.9 50 -5 10.0 +3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 -4 6.3 +0.1
IPKW Invesco International BuyBack Achievers ETF 2.9 55 -10 14.5 +8.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.9 58 -13 8.7 +2.5
SCZ iShares MSCI EAFE Small-Cap ETF 2.9 40 5 7.4 +1.1
IVRA Invesco Real Assets ESG ETF 2.9 59 -14 5.9 -0.3
ICLN iShares Global Clean Energy ETF 2.8 41 4 6.0 -0.2
CGIE Capital Group International Equity ETF 2.8 54 -9 5.0 -1.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.8 40 5 7.2 +1.0
FLGR Franklin FTSE Germany ETF 2.8 9 36 6.8 +0.5
DAX Global X DAX Germany ETF 2.8 21 24 6.6 +0.4
FGM First Trust Germany AlphaDEX Fund 2.8 80 -35 8.3 +2.1
EWG iShares MSCI Germany ETF 2.8 50 -5 6.3 +0.1
EWP iShares MSCI Spain ETF 2.8 50 -5 7.7 +1.5
KNCT Invesco Next Gen Connectivity ETF 2.8 40 5 5.2 -1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.8 58 -13 6.8 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.8 47 -2 8.6 +2.3
REET iShares Global REIT ETF 2.8 14 31 7.5 +1.3
XCEM Columbia EM Core ex-China ETF 2.8 16 29 8.3 +2.1
IQDG WisdomTree International Quality Dividend Growth Fund 2.7 42 3 7.1 +0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.7 20 25 5.9 -0.3
AVRE Avantis Real Estate ETF 2.6 17 28 7.1 +0.9
AQWA Global X Clean Water ETF 2.6 50 -5 5.0 -1.2
CGW Invesco S&P Global Water Index ETF 2.6 57 -12 4.7 -1.5
PIO Invesco Global Water ETF 2.6 75 -30 4.8 -1.4
EFRA iShares Environmental Infrastructure and Industrials ETF 2.6 47 -2 5.2 -1.0
JGLO JPMorgan Global Select Equity ETF 2.6 33 12 5.1 -1.1
EMLP First Trust North American Energy Infrastructure Fund 2.6 95 -50 5.3 -0.9
DFGR Dimensional Global Real Estate ETF 2.6 22 23 7.4 +1.2
BLES Inspire Global Hope ETF 2.5 61 -16 6.9 +0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.5 45 0 4.4 -1.8
FILL iShares MSCI Global Energy Producers ETF 2.5 39 6 12.3 +6.1
GNR SPDR S&P Global Natural Resources ETF 2.5 40 5 11.7 +5.5
EBLU Ecofin Global Water ESG Fund 2.5 40 5 4.3 -2.0
IEUS iShares MSCI Europe Small-Cap ETF 2.5 42 3 7.4 +1.2
IXG iShares Global Financials ETF 2.5 42 3 6.8 +0.6
MOTI VanEck Morningstar International Moat ETF 2.5 58 -13 12.9 +6.7
DFIS Dimensional International Small Cap ETF 2.4 39 6 7.8 +1.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.4 80 -35 5.1 -1.2
IXJ iShares Global Healthcare ETF 2.4 42 3 7.2 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.4 24 21 8.4 +2.2
NDIV Amplify Natural Resources Dividend Income ETF 2.4 59 -14 10.5 +4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.3 30 15 10.1 +3.9
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 6 6.2 -0.0
AGQI First Trust Active Global Quality Income ETF 2.3 85 -40 5.0 -1.2
ECLN First Trust EIP Carbon Impact ETF 2.3 96 -51 4.1 -2.1
PID Invesco International Dividend Achievers ETF 2.2 53 -8 5.7 -0.6
RITA ETFB Green SRI REITs ETF 2.2 50 -5 6.2 +0.0
SCHC Schwab International Small-Cap Equity ETF 2.1 11 34 7.1 +0.9
ISCF iShares International SmallCap Equity Factor ETF 2.1 23 22 8.7 +2.5
EWS iShares MSCI Singapore ETF 2.1 50 -5 5.2 -1.0
FAN First Trust Global Wind Energy ETF 2.1 60 -15 4.9 -1.3
WDNA WisdomTree BioRevolution Fund 2.0 45 0 -1.7 -7.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.0 44 1 10.8 +4.6
IDNA iShares Genomics Immunology and Healthcare ETF 2.0 47 -2 -2.1 -8.3
EINC VanEck Energy Income ETF 2.0 48 -3 5.3 -0.9
EWH iShares MSCI Hong Kong ETF 1.9 50 -5 6.0 -0.3
DISV Dimensional International Small Cap Value ETF 1.9 42 3 9.8 +3.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.9 39 6 12.1 +5.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.9 60 -15 5.9 -0.3
EWY iShares MSCI South Korea ETF 1.8 58 -13 10.4 +4.2
WLDR Affinity World Leaders Equity ETF 1.8 67 -22 7.9 +1.7
IMOM Alpha Architect International Quantitative Momentum ETF 1.8 49 -4 4.6 -1.6
JSTC Adasina Social Justice All Cap Global ETF 1.8 89 -44 4.5 -1.7
CRTC Xtrackers US National Critical Technologies ETF 1.8 35 10 5.1 -1.1
DVYA iShares Asia/Pacific Dividend ETF 1.7 49 -4 8.7 +2.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.7 25 20 13.4 +7.1
HART IQ Healthy Hearts ETF 1.7 45 0 6.6 +0.4
DEHP Dimensional Emerging Markets High Profitability ETF 1.7 41 4 7.0 +0.8
FRNW Fidelity Clean Energy ETF 1.7 39 6 4.3 -1.9
CGXU Capital Group International Focus Equity ETF 1.7 54 -9 5.8 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 -4 7.4 +1.2
IWTR iShares MSCI Water Management Multisector ETF 1.6 47 -2 6.0 -0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.6 50 -5 11.8 +5.6
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 28 13.7 +7.5
MOTG VanEck Morningstar Global Wide Moat ETF 1.6 52 -7 6.9 +0.7
ABLG Abacus FCF International Leaders ETF 1.6 59 -14 6.2 -0.0
IBAT iShares Energy Storage & Materials ETF 1.5 47 -2 5.6 -0.6
EIPI FT Energy Income Partners Enhanced Income ETF 1.5 110 -65 6.3 +0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.5 70 -25 15.4 +9.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 7 38 7.1 +0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 -25 9.7 +3.5
FLKR Franklin FTSE South Korea ETF 1.5 9 36 10.9 +4.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 0 10.7 +4.5
CGGO Capital Group Global Growth Equity ETF 1.4 47 -2 4.9 -1.3
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 1 12.2 +6.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -33 9.9 +3.7
BKCI BNY Mellon Concentrated International ETF 1.3 80 -35 5.1 -1.2
SRET Global X SuperDividend REIT ETF 1.3 59 -14 12.4 +6.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 20 7.8 +1.6
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 29 8.5 +2.3
EIPX FT Energy Income Partners Strategy ETF 1.3 95 -50 7.8 +1.5
EYLD Cambria Emerging Shareholder Yield ETF 1.3 66 -21 13.2 +7.0
ABEQ Absolute Select Value ETF 1.3 85 -40 4.8 -1.4
YLDE ClearBridge Dividend Strategy ESG ETF 1.3 60 -15 5.9 -0.3
DIVZ TrueShares Low Volatility Equity Income ETF 1.3 65 -20 6.6 +0.4
FTWO Strive FAANG 2.0 ETF 1.3 49 -4 4.8 -1.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.3 60 -15 3.8 -2.4
EWN iShares MSCI Netherlands ETF 1.2 50 -5 5.6 -0.6
RAYD Rayliant Quantitative Developed Market Equity ETF 1.2 80 -35 4.6 -1.6
FLHK Franklin FTSE Hong Kong ETF 1.2 9 36 7.0 +0.8
RNEM First Trust Emerging Markets Equity Select ETF 1.2 75 -30 6.8 +0.6
FDCF Fidelity Disruptive Communications ETF 1.2 50 -5 3.3 -2.9
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -30 4.7 -1.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 -34 5.7 -0.5
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 -4 5.9 -0.3
HAP VanEck Natural Resources ETF 1.1 50 -5 10.1 +3.9
SMOG VanEck Low Carbon Energy ETF 1.1 61 -16 1.6 -4.7
VOLT Tema Electrification ETF 1.1 75 -30 3.1 -3.2
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -35 11.9 +5.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 -4 10.6 +4.4
PAWZ ProShares Pet Care ETF 1.1 50 -5 3.7 -2.5
OSEA Harbor International Compounders ETF 1.1 55 -10 4.7 -1.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -16 1.4 -4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.1 15 30 7.5 +1.3
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 -18 13.5 +7.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 5.8 -0.4
MDLV Morgan Dempsey Large Cap Value ETF 1.1 58 -13 7.6 +1.3
PBD Invesco Global Clean Energy ETF 1.1 75 -30 0.5 -5.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 -4 10.5 +4.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 6 16.8 +10.6
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 20 12.2 +6.0
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 26 9.8 +3.6
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 20 10.5 +4.3
SDIV Global X Superdividend ETF 1.0 58 -13 42.2 +36.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 15 10.7 +4.5
ECON Columbia Emerging Markets Consumer ETF 1.0 49 -4 13.0 +6.7
AVES Avantis Emerging Markets Value ETF 1.0 36 9 12.0 +5.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 0 10.9 +4.7
GINN Goldman Sachs Innovate Equity ETF 0.9 52 -7 4.1 -2.1
FFND Future Fund Active ETF 0.9 100 -55 4.6 -1.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -4 9.9 +3.7
FRDM Freedom 100 Emerging Markets ETF 0.9 49 -4 8.8 +2.5
STXE Strive Emerging Markets Ex-China ETF 0.9 32 13 7.9 +1.7
EEM iShares MSCI Emerging Markets ETF 0.9 69 -24 10.6 +4.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 -11 2.6 -3.6
KROP Global X AgTech & Food Innovation ETF 0.9 50 -5 6.3 +0.1
CANC Tema Oncology ETF 0.9 75 -30 -2.6 -8.8
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.9 75 -30 1.0 -5.2
XC WisdomTree Emerging Markets Ex-China Fund 0.9 32 13 6.1 -0.1
IVEG iShares Emergent Food and AgTech Multisector ETF 0.9 47 -2 9.0 +2.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 30 8.5 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 9 8.1 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 10 10.0 +3.8
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -17 3.5 -2.7
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 36 10.8 +4.6
ISHP First Trust Nasdaq Retail ETF 0.8 60 -15 5.8 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 13 6.9 +0.6
NORW Global X MSCI Norway ETF 0.8 50 -5 10.2 +4.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.8 70 -25 4.9 -1.3
FPXI First Trust International Equity Opportunities ETF 0.8 70 -25 3.6 -2.6
ENOR iShares MSCI Norway ETF 0.8 53 -8 10.2 +4.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 4 9.4 +3.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 -4 16.6 +10.4
ASEA Global X FTSE Southeast Asia ETF 0.8 65 -20 6.8 +0.6
THD iShares MSCI Thailand ETF 0.8 58 -13 0.0 -6.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -21 10.3 +4.1
RGEF Rockefeller Global Equity ETF 0.7 55 -10 5.1 -1.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.7 85 -40 3.9 -2.3
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -40 4.0 -2.2
SCHE Schwab Emerging Markets Equity ETF 0.7 11 34 11.5 +5.3
STCE Schwab Crypto Thematic ETF 0.7 30 15 1.4 -4.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -14 7.4 +1.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 30 10.7 +4.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 7 9.9 +3.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 34 10.4 +4.2
AZTD Aztlan Global Stock Selection DM SMID ETF 0.7 75 -30 8.0 +1.8
OAIM OneAscent International Equity ETF 0.7 95 -50 6.2 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 9 10.2 +4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 13 9.5 +3.3
RXI iShares Global Consumer Discretionary ETF 0.6 41 4 8.9 +2.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.6 60 -15 7.1 +0.9
FPAG FPA Global Equity ETF 0.6 49 -4 6.1 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 3 6.7 +0.5
XT iShares Exponential Technologies ETF 0.6 46 -1 5.6 -0.6
EWD iShares MSCI Sweden ETF 0.6 54 -9 5.4 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 38 10.8 +4.6
KLMN Invesco MSCI North America Climate ETF 0.6 9 36 5.2 -1.0
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 37 10.9 +4.7
AVEM Avantis Emerging Markets Equity ETF 0.5 33 12 9.4 +3.2
ENZL iShares MSCI New Zealand ETF 0.5 50 -5 3.6 -2.6
JIG JPMorgan International Growth ETF 0.5 55 -10 4.7 -1.5
AIA iShares Asia 50 ETF 0.5 50 -5 14.3 +8.1
DFEV Dimensional Emerging Markets Value ETF 0.5 43 2 14.0 +7.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.5 75 -30 10.2 +4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 -14 12.2 +6.0
MXI iShares Global Materials ETF 0.4 41 4 8.0 +1.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.4 58 -13 8.5 +2.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 -13 8.2 +2.0
CUT Invesco MSCI Global Timber ETF 0.4 61 -16 10.1 +3.9
EFNL iShares MSCI Finland ETF 0.4 56 -11 7.2 +1.0
EXI iShares Global Industrials ETF 0.4 42 3 4.6 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 12 10.5 +4.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 16 6.7 +0.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.3 60 -15 10.6 +4.4
EWM iShares MSCI Malaysia ETF 0.3 50 -5 6.7 +0.5
IXN iShares Global Tech ETF 0.3 41 4 4.1 -2.1
GVLU Gotham 1000 Value ETF 0.3 50 -5 9.1 +2.9
AVDV Avantis International Small Cap Value ETF 0.3 36 9 10.6 +4.4
RVRB Reverb ETF 0.3 30 15 4.8 -1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 10 20.5 +14.3
UAE iShares MSCI UAE ETF 0.2 59 -14 0.0 -6.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.2 95 -50 13.0 +6.8
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -13 8.8 +2.5
NANR SPDR S&P North American Natural Resources ETF 0.1 35 10 8.7 +2.5
AMZA InfraCap MLP ETF 0.0 164 -119 8.1 +1.8
EBI Longview Advantage ETF 0.0 35 10 6.9 +0.6

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

  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:		 SPDR S&P International Dividend 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 10.4 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.61
 
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.