SPDR S&P International Dividend ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 OVERWEIGHT
2021E    2022E
P/E
ratio		 14.9x P/Sales
ratio		 1.8x
P/BV
ratio		 1.5x Div.
yield		 4.5%


  • 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) $667
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 97
Wgt avg mkt cap (mns) $31,920
Large cap (>$10bn) 60.7%
Mid cap ($2-10bn) 35.9%
Small cap (<$2bn) 1.8%
Developed mkts 87.6%
Emerging mkts 12.4%

TOP TEN HOLDINGS
SHAW COMMUNICATIONS INC-B 2.7 %
ENAGAS 2.2 %
BCE INC. 2.1 %
TOTAL SA 2.1 %
FUBON FINANCIAL HOLDING CO 2.0 %
TRANSCANADA CORP 2.0 %
RED ELECTRICA CORP. SA 1.9 %
GLAXOSMITHKLINE PLC 1.9 %
TELENOR ASA 1.8 %
ENDESA SA 1.8 %
Total 20.3 %

TOP COUNTRY EXPOSURE
CANADA 19.8 %
JAPAN 11.6 %
SWITZERLAND 10.4 %
BRITAIN 9.5 %
TAIWAN 6.6 %
SPAIN 5.8 %
HONG KONG 5.7 %
AUSTRALIA 5.4 %
FRANCE 4.1 %
GERMANY 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.2% 21.8% 6.7% 1.0% 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.72 73%
MSCI EAFE 0.81 89%
MSCI Emg. Mkts. 0.65 69%

Technical Indicators
Recent close $40.15
30d moving avg. $39.77
Annualized volatility 15.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $7,466

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 423 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™: 6.9%


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 30.0 60 -15 8.4 +1.4
WDIV SPDR Global Dividend ETF 25.3 40 5 8.6 +1.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 23.5 45 0 8.2 +1.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 23.0 30 15 7.4 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 21.1 80 -35 5.5 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 21.1 25 20 5.7 -1.2
IDV iShares International Select Dividend ETF 18.3 49 -4 9.4 +2.5
VWID Virtus WMC International Dividend ETF 18.3 49 -4 7.2 +0.3
LVHI Legg Mason International Low Volatility High Dividend ETF 17.5 40 5 8.1 +1.2
ZCAN SPDR Solactive Canada ETF 15.0 14 31 0.0 -6.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 14.7 59 -14 10.8 +3.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 14.3 20 25 8.8 +1.9
VYMI Vanguard International High Dividend Yield ETF 14.3 27 18 9.0 +2.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 13.9 20 25 4.8 -2.1
IFGL iShares International Developed Real Estate ETF 13.4 48 -3 6.0 -1.0
RWX SPDR Dow Jones International Real Estate ETF 13.2 59 -14 5.2 -1.8
FDEV Fidelity Targeted International Factor ETF 12.9 39 6 5.6 -1.3
BBCA JPMorgan BetaBuilders Canada ETF 12.9 19 26 6.3 -0.7
FLCA Franklin FTSE Canada ETF 12.8 9 36 6.6 -0.3
IGRO iShares International Dividend Growth ETF 12.7 15 30 6.8 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 12.6 56 -11 7.9 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 12.4 20 25 7.7 +0.7
DTH WisdomTree International High Dividend Fund 12.4 58 -13 8.3 +1.4
PID Invesco International Dividend Achievers ETF 12.4 53 -8 6.3 -0.7
EWC iShares MSCI Canada ETF 12.3 51 -6 6.0 -0.9
WPS iShares International Developed Property ETF 12.1 48 -3 6.1 -0.9
INFR Legg Mason Global Infrastructure ETF 11.6 40 5 5.4 -1.5
DOO WisdomTree International Dividend ex-Financials Fund 11.5 58 -13 7.4 +0.5
SCHY Schwab International Dividend Equity ETF 11.1 14 31 7.5 +0.6
DOL WisdomTree International LargeCap Dividend Fund 11.1 48 -3 6.8 -0.1
FIDI Fidelity International High Dividend ETF 11.1 39 6 8.2 +1.3
HAUZ Xtrackers International Real Estate ETF 11.0 10 35 7.3 +0.3
DWM WisdomTree International Equity Fund 11.0 48 -3 6.8 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.7 40 5 7.0 +0.0
EFV iShares MSCI EAFE Value ETF 10.7 39 6 8.1 +1.2
IDOG ALPS International Sector Dividend Dogs ETF 10.7 50 -5 7.9 +1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 10.6 12 33 8.5 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.3 45 0 7.2 +0.3
RNDM First Trust Developed International Equity Select ETF 10.0 65 -20 5.5 -1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.9 32 13 5.7 -1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.8 29 16 7.2 +0.3
BKIE BNY Mellon International Equity ETF 9.7 4 41 6.5 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 9.4 45 0 6.2 -0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 9.3 45 0 6.2 -0.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.2 51 -6 4.5 -2.5
SCHF Schwab International Equity ETF 9.2 6 39 6.5 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 9.1 30 15 6.0 -0.9
DIM WisdomTree International MidCap Dividend Fund 9.0 58 -13 6.7 -0.2
PDEV Principal International Multi-Factor Core Index ETF 8.8 25 20 6.8 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 8.6 5 40 6.2 -0.7
JXI iShares Global Utilities ETF 8.5 46 -1 5.4 -1.6
IQDE FlexShares International Quality Dividend Defensive Index ET 8.5 47 -2 8.1 +1.1
DWMF WisdomTree International Multifactor Fund 8.5 38 7 6.4 -0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.4 47 -2 4.5 -2.5
ESGD iShares MSCI EAFE ESG Optimized ETF 8.4 20 25 6.0 -0.9
SPDW SPDR Portfolio Developed World ex-US ETF 8.3 4 41 6.2 -0.8
DFAI Dimensional International Core Equity Market ETF 8.3 18 27 6.1 -0.9
HEWC iShares Currency Hedged MSCI Canada ETF 8.3 54 -9 6.0 -1.0
FSZ First Trust Switzerland AlphaDEX Fund 8.2 80 -35 3.5 -3.5
FNDF Schwab Fundamental International Large Co. Index ETF 8.2 25 20 7.8 +0.8
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 8.1 61 -16 5.0 -2.0
DRW WisdomTree Global ex-US Real Estate Fund 8.1 58 -13 9.2 +2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.1 14 31 5.6 -1.3
VEA Vanguard FTSE Developed Markets ETF 8.0 5 40 6.4 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 8.0 45 0 5.8 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 8.0 37 8 7.6 +0.7
CWI SPDR MSCI ACWI ex-US ETF 7.9 30 15 6.3 -0.7
EDIV SPDR S&P Emerging Markets Dividend ETF 7.9 49 -4 10.1 +3.1
EFA iShares MSCI EAFE ETF 7.8 32 13 6.2 -0.8
EUDV ProShares MSCI Europe Dividend Growers ETF 7.8 56 -11 4.4 -2.6
IQDF FlexShares International Quality Dividend Index Fund 7.7 47 -2 8.5 +1.6
TPIF Timothy Plan International ETF 7.7 62 -17 5.9 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.7 36 9 6.1 -0.8
DEW WisdomTree Global High Dividend Fund 7.6 58 -13 8.3 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 7.6 20 25 6.2 -0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.6 16 29 5.9 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 7.5 20 25 6.1 -0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 7.4 20 25 6.4 -0.5
IEV iShares Europe ETF 7.4 59 -14 6.0 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 7.4 7 38 6.5 -0.5
RBIN Nationwide Risk-Based International Equity ETF 7.3 42 3 5.7 -1.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 7.3 23 22 7.1 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 7.3 32 13 6.4 -0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.3 47 -2 5.6 -1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 7.2 40 5 5.7 -1.3
FIVA Fidelity International Value Factor ETF 7.1 39 6 8.4 +1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.1 25 20 6.1 -0.8
IEFA iShares Core MSCI EAFE ETF 7.1 7 38 6.3 -0.7
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 7.1 60 -15 5.1 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.1 41 4 6.3 -0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 7.1 46 -1 6.0 -1.0
JHMD John Hancock Multifactor Developed International ETF 7.0 39 6 6.3 -0.7
FLEE Franklin FTSE Europe ETF 7.0 9 36 6.3 -0.7
IXG iShares Global Financials ETF 7.0 46 -1 8.1 +1.2
FLEH Franklin FTSE Europe Hedged ETF 7.0 9 36 6.3 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 7.0 9 36 6.5 -0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.0 30 15 5.6 -1.3
OEUR O'shares FTSE Europe Quality Dividend ETF 7.0 48 -3 5.0 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 7.0 8 37 6.7 -0.2
GLIF AGFiQ Global Infrastructure ETF 6.9 45 0 4.3 -2.7
RESD WisdomTree International ESG Fund 6.8 30 15 5.6 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 6.8 50 -5 4.9 -2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.8 47 -2 9.7 +2.7
IEUR iShares Core MSCI Europe ETF 6.7 9 36 6.3 -0.7
SPEU SPDR Portfolio Europe ETF 6.6 9 36 6.3 -0.7
VSGX Vanguard ESG International Stock ETF 6.6 17 28 6.2 -0.7
IQIN IQ 500 International ETF 6.5 25 20 7.6 +0.6
GCOW Pacer Global High Dividend ETF 6.5 60 -15 9.5 +2.5
FLTW Franklin FTSE Taiwan ETF 6.4 19 26 5.6 -1.4
VGK Vanguard FTSE Europe ETF 6.4 8 37 6.4 -0.6
IQSI IQ Candriam ESG International Equity ETF 6.4 15 30 6.3 -0.6
IXUS ishares Core MSCI Total International Stock ETF 6.4 9 36 6.5 -0.5
VXUS Vanguard Total International Stock ETF 6.3 8 37 6.6 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.3 39 6 6.8 -0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 6.3 25 20 6.1 -0.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 6.2 29 16 7.1 +0.1
EWT iShares MSCI Taiwan ETF 6.1 59 -14 5.3 -1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 6.0 30 15 5.9 -1.0
FEUZ First Trust Eurozone AlphaDEX ETF 6.0 80 -35 7.8 +0.8
EWL iShares MSCI Switzerland ETF 5.7 51 -6 4.2 -2.8
SDGA Impact Shares Sustainable Development Goals Global ETF 5.7 75 -30 5.3 -1.6
EWP iShares MSCI Spain ETF 5.6 51 -6 7.0 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 5.5 35 10 6.1 -0.9
FLGB Franklin FTSE United Kingdom ETF 5.4 9 36 7.0 +0.0
EPP iShares MSCI Pacific ex-Japan ETF 5.4 48 -3 5.4 -1.6
EWU iShares MSCI United Kingdom ETF 5.4 51 -6 6.8 -0.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 5.3 19 26 5.7 -1.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.3 65 -20 8.0 +1.1
FEP First Trust Europe AlphaDEX Fund 5.2 80 -35 7.3 +0.4
FVL First Trust Value Line 100 ETF 5.2 70 -25 0.0 -6.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.2 39 6 6.3 -0.7
FLSW Franklin FTSE Switzerland ETF 5.2 9 36 4.6 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 5.2 83 -38 5.1 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.2 58 -13 6.0 -0.9
FEZ SPDR EURO STOXX 50 ETF 5.1 29 16 5.6 -1.4
ZGBR SPDR Solactive United Kingdom ETF 5.1 14 31 0.0 -6.9
GBLD Invesco MSCI Green Building ETF 5.1 39 6 7.4 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 5.0 59 -14 7.6 +0.7
EURZ Xtrackers Eurozone Equity ETF 5.0 9 36 5.9 -1.0
EZU iShares MSCI Eurozone ETF 5.0 51 -6 5.5 -1.5
NXTG First Trust Indxx NextG ETF 4.9 70 -25 5.3 -1.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 4.9 24 21 6.8 -0.1
DVYA iShares Asia/Pacific Dividend ETF 4.8 49 -4 11.0 +4.0
FDD First Trust Stoxx European Select Dividend Index Fund 4.8 58 -13 9.0 +2.1
REET iShares Global REIT ETF 4.8 14 31 5.2 -1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 4.7 47 -2 5.5 -1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 4.6 30 15 6.6 -0.3
AVDE Avantis International Equity ETF 4.6 23 22 6.7 -0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 4.6 30 15 9.4 +2.5
IPAC iShares Core MSCI Pacific ETF 4.5 9 36 6.3 -0.7
IOO iShares Global 100 ETF 4.4 40 5 4.6 -2.4
EWH iShares MSCI Hong Kong ETF 4.3 51 -6 6.0 -1.0
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.3 52 -7 4.9 -2.0
ZHOK SPDR Solactive Hong Kong ETF 4.2 14 31 0.0 -6.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 4.2 83 -38 5.4 -1.5
HEWU iShares Currency Hedged MSCI United Kingdom ETF 4.1 51 -6 6.7 -0.2
DGT SPDR Global Dow ETF 4.1 50 -5 6.4 -0.6
DMXF iShares ESG Advanced MSCI EAFE ETF 4.1 12 33 5.9 -1.0
VPL Vanguard FTSE Pacific ETF 4.1 8 37 6.5 -0.4
RODE Hartford Multifactor Diversified International ETF 4.1 29 16 9.6 +2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 4.1 30 15 9.3 +2.4
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 4.0 35 10 6.3 -0.7
HEFA iShares Currency Hedged MSCI EAFE ETF 4.0 35 10 6.2 -0.7
IXC iShares Global Energy ETF 4.0 46 -1 5.5 -1.5
RFEU First Trust Riverfront Dynamic Europe ETF 4.0 83 -38 5.5 -1.4
FLHK Franklin FTSE Hong Kong ETF 4.0 9 36 6.6 -0.4
SCJ iShares MSCI Japan Small-Cap ETF 4.0 51 -6 5.8 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 3.9 30 15 5.2 -1.8
GII SPDR S&P Global Infrastructure ETF 3.9 40 5 4.0 -2.9
IGF iShares Global Infrastructure ETF 3.9 46 -1 4.0 -3.0
FVD First Trust Value Line Dividend Index Fund 3.8 70 -25 5.4 -1.6
ESGE iShares ESG Aware MSCI EM ETF 3.8 25 20 7.0 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 3.8 70 -25 3.1 -3.9
AQWA Global X Clean Water ETF 3.8 50 -5 3.8 -3.1
PIO Invesco Global Water ETF 3.8 75 -30 3.6 -3.4
EBLU Ecofin Global Water ESG Fund 3.8 40 5 3.5 -3.5
CGW Invesco S&P Global Water Index ETF 3.8 57 -12 3.3 -3.7
VIDI Vident International Equity Fund 3.8 59 -14 9.3 +2.4
FLFR Franklin FTSE France ETF 3.7 9 36 5.4 -1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 3.7 42 3 4.6 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 3.7 16 29 7.0 +0.1
ACWV iShares MSCI Global Min Vol Factor ETF 3.6 20 25 5.1 -1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.6 25 20 6.7 -0.3
EUFN iShares MSCI Europe Financials ETF 3.6 48 -3 10.1 +3.1
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 3.6 35 10 6.4 -0.5
EWQ iShares MSCI France ETF 3.6 51 -6 5.0 -1.9
IDHQ Invesco S&P International Developed Quality ETF 3.6 29 16 5.2 -1.8
QINT American Century Quality Diversified International ETF 3.6 39 6 6.7 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 3.6 75 -30 10.8 +3.8
FGM First Trust Germany AlphaDEX Fund 3.5 80 -35 5.4 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 3.5 63 -18 13.2 +6.2
EWA iShares MSCI Australia ETF 3.5 51 -6 5.0 -2.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.4 39 6 9.1 +2.1
MOTI VanEck Vectors Morningstar International Moat ETF 3.4 58 -13 8.3 +1.3
GQRE FlexShares Global Quality Real Estate Index Fund 3.4 45 0 5.5 -1.4
GDVD Principal Active Global Dividend Income ETF 3.4 58 -13 0.0 -6.9
FLAU Franklin FTSE Australia ETF 3.3 9 36 5.5 -1.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.2 58 -13 6.9 -0.0
URTH iShares MSCI World ETF 3.2 24 21 4.8 -2.1
EWJV iShares MSCI Japan Value ETF 3.2 15 30 8.8 +1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.2 46 -1 5.9 -1.0
ESGN Columbia Sustainable International Equity Income ETF 3.2 45 0 8.6 +1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.1 80 -35 8.0 +1.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 3.1 20 25 5.2 -1.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.1 40 5 6.4 -0.6
CEZ VictoryShares Emerging Market Volatility Wtd ETF 3.1 50 -5 0.0 -6.9
DIVS SmartETFs Dividend Builder ETF 3.0 65 -20 5.3 -1.6
GRES IQ Global Resources ETF 3.0 78 -33 6.2 -0.7
TOK iShares MSCI Kokusai ETF 3.0 25 20 4.7 -2.2
ACWI iShares MSCI ACWI ETF 3.0 32 13 5.0 -1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.0 58 -13 5.8 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.9 20 25 5.2 -1.7
IQDG WisdomTree International Quality Dividend Growth Fund 2.9 42 3 6.0 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 2.9 9 36 4.9 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.9 9 36 5.1 -1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 2.9 70 -25 11.0 +4.0
LDEM iShares ESG MSCI EM Leaders ETF 2.9 16 29 6.9 -0.1
VIGI Vanguard International Dividend Appreciation ETF 2.8 20 25 4.9 -2.1
ROAM Hartford Multifactor Emerging Markets ETF 2.8 44 1 10.2 +3.3
FICS First Trust International Developed Capital Strength ETF 2.8 70 -25 4.4 -2.5
VT Vanguard Total World Stock ETF 2.8 8 37 5.3 -1.7
FKU First Trust United Kingdom AlphaDEX Fund 2.7 80 -35 7.5 +0.5
IXP iShares Global Comm Services ETF 2.7 46 -1 5.1 -1.9
FLJH Franklin FTSE Japan Hedged ETF 2.7 9 36 6.8 -0.1
PIZ Invesco DWA Developed Markets Momentum ETF 2.6 80 -35 4.7 -2.2
FLJP Franklin FTSE Japan ETF 2.6 9 36 6.7 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.6 65 -20 10.2 +3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.6 49 -4 4.3 -2.7
IXJ iShares Global Healthcare ETF 2.6 46 -1 5.9 -1.1
EWG iShares MSCI Germany ETF 2.6 51 -6 6.2 -0.8
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -44 4.6 -2.4
FLGR Franklin FTSE Germany ETF 2.6 9 36 6.6 -0.3
SMEZ SPDR EURO STOXX Small Cap ETF 2.6 45 0 0.0 -6.9
FDT First Trust Developed Markets ex-US Alphadex Fund 2.6 80 -35 8.0 +1.1
XT iShares Exponential Technologies ETF 2.6 47 -2 4.6 -2.4
DBGR Xtrackers MSCI Germany Hedged Equity ETF 2.5 45 0 6.2 -0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.5 49 -4 8.4 +1.5
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 2.5 44 1 8.3 +1.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 2.5 45 0 13.4 +6.5
JHEM John Hancock Multifactor Emerging Markets ETF 2.5 49 -4 7.4 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.5 20 25 6.5 -0.5
HEZU iShares Currency Hedged MSCI Eurozone ETF 2.5 54 -9 5.4 -1.5
GMF SPDR S&P Emerging Asia Pacific ETF 2.5 49 -4 6.8 -0.2
FLIY Franklin FTSE Italy ETF 2.4 9 36 8.1 +1.1
NORW Global X MSCI Norway ETF 2.4 50 -5 7.6 +0.7
ENOR iShares MSCI Norway ETF 2.4 53 -8 7.6 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.4 70 -25 6.3 -0.6
BBJP JPMorgan BetaBuilders Japan ETF 2.4 19 26 6.5 -0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 45 0 6.5 -0.5
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 6 5.1 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.3 25 20 6.9 -0.1
KXI iShares Global Consumer Staples ETF 2.3 46 -1 4.9 -2.0
SCZ iShares MSCI Eafe Small-Cap ETF 2.3 40 5 4.9 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.3 39 6 12.9 +5.9
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 26 6.9 -0.0
EWJE iShares MSCI Japan Equal Weighted ETF 2.2 15 30 6.2 -0.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.2 67 -22 17.3 +10.3
WWJD Inspire International ESG ETF 2.2 80 -35 5.4 -1.6
HEWG iShares Currency Hedged MSCI Germany ETF 2.2 53 -8 6.2 -0.7
EWJ iShares MSCI Japan ETF 2.2 51 -6 6.2 -0.7
EMLP First Trust North American Energy Infrastructure Fund 2.2 96 -51 4.6 -2.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.1 46 -1 6.4 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 50 -5 7.0 +0.1
SDG iShares Sustainable MSCI Global Impact ETF 2.1 49 -4 6.4 -0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.1 50 -5 12.8 +5.9
ISVL iShares International Developed Small Cap Value Factor ETF 2.1 30 15 7.0 +0.0
ZJPN SPDR Solactive Japan ETF 2.1 14 31 0.0 -6.9
INTF iShares Edge MSCI Multifactor Intl ETF 2.1 30 15 8.1 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.1 30 15 7.2 +0.2
FDEM Fidelity Emerging Markets Multifactor ETF 2.1 45 0 9.6 +2.6
GNR SPDR S&P Global Natural Resources ETF 2.1 40 5 6.1 -0.9
FILL iShares MSCI Global Energy Producers ETF 2.1 39 6 5.7 -1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 2.0 34 11 7.3 +0.4
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 10 7.5 +0.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.0 51 -6 14.0 +7.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 2.0 35 10 8.1 +1.1
SCHC Schwab International Small-Cap Equity ETF 2.0 11 34 4.9 -2.0
BKEM BNY Mellon Emerging Markets Equity ETF 2.0 11 34 7.3 +0.3
TPYP Tortoise North American Pipeline Fund 2.0 40 5 4.9 -2.1
MLPX Global X MLP & Energy Infrastructure ETF 2.0 45 0 3.9 -3.1
ENFR Alerian Energy Infrastructure ETF 2.0 65 -20 3.6 -3.3
USAI Pacer American Energy Independence ETF 2.0 75 -30 3.2 -3.7
CHIX Global X MSCI China Financials ETF 1.9 65 -20 21.6 +14.7
IEUS iShares MSCI Europe Small-Cap ETF 1.9 40 5 4.6 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 -10 7.1 +0.2
DAX Global X DAX Germany ETF 1.9 20 25 6.7 -0.3
ZDEU SPDR Solactive Germany ETF 1.9 14 31 0.0 -6.9
SPEM SPDR Portfolio Emerging Markets ETF 1.8 11 34 7.2 +0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 1.8 59 -14 4.6 -2.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.8 78 -33 8.7 +1.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.8 25 20 6.6 -0.4
NLR VanEck Vectors Uranium+Nuclear Energy ETF 1.8 61 -16 7.5 +0.5
FAN First Trust Global Wind Energy ETF 1.8 62 -17 5.9 -1.1
VRAI Virtus Real Asset Income ETF 1.8 55 -10 6.6 -0.4
FPXI First Trust International Equity Opportunities ETF 1.8 70 -25 0.7 -6.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 61 -16 9.2 +2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 15 7.8 +0.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.7 70 -25 2.8 -4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.7 45 0 7.7 +0.7
EFG iShares MSCI EAFE Growth ETF 1.7 40 5 4.4 -2.6
HART IQ Healthy Hearts ETF 1.7 45 0 4.1 -2.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.7 25 20 6.5 -0.4
WLDR Affinity World Leaders Equity ETF 1.7 67 -22 7.7 +0.7
EWGS iShares MSCI Germany Small Cap ETF 1.7 59 -14 4.9 -2.1
RESE WisdomTree Emerging Markets ESG Fund 1.7 32 13 7.5 +0.5
SCHE Schwab Emerging Markets Equity ETF 1.6 11 34 7.5 +0.6
FIVG Defiance Next Gen Connectivity ETF 1.6 30 15 4.3 -2.7
HEWJ iShares Currency Hedged MSCI Japan ETF 1.6 51 -6 6.4 -0.6
JPXN iShares JPX-Nikkei 400 ETF 1.6 48 -3 6.3 -0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.6 16 29 7.7 +0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 1.6 9 36 6.7 -0.3
AVDV Avantis International Small Cap Value ETF 1.6 36 9 6.4 -0.5
GVAL Cambria Global Value ETF 1.6 65 -20 11.8 +4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.5 32 13 6.0 -0.9
HAP VanEck Vectors Natural Resources ETF 1.5 50 -5 5.1 -1.8
AIA iShares Asia 50 ETF 1.5 50 -5 6.6 -0.3
VWO Vanguard FTSE Emerging Markets ETF 1.5 10 35 7.5 +0.5
EEM iShares MSCI Emerging Markets ETF 1.5 70 -25 6.7 -0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.5 66 -21 6.6 -0.3
JEMA JPMorgan Emerging Markets Equity Core ETF 1.5 39 6 6.5 -0.5
FRDM Freedom 100 Emerging Markets ETF 1.5 49 -4 5.8 -1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 11 34 5.2 -1.7
MOTO SmartETFs Smart Transportation & Technology ETF 1.5 68 -23 8.1 +1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.4 32 13 8.4 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 9 7.3 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -14 9.7 +2.7
EWY iShares MSCI South Korea ETF 1.4 59 -14 6.8 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 1.3 11 34 7.2 +0.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.3 68 -23 4.3 -2.6
AVEM Avantis Emerging Markets Equity ETF 1.3 33 12 8.5 +1.5
DXJ WisdomTree Japan Hedged Equity Fund 1.3 48 -3 7.6 +0.6
EWI iShares MSCI Italy ETF 1.3 51 -6 7.4 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 1.2 75 -30 3.1 -3.9
FDRR Fidelity Dividend ETF for Rising Rates 1.2 29 16 6.3 -0.7
HEDJ WisdomTree Europe Hedged Equity Fund 1.2 58 -13 5.3 -1.6
BFIT Global X Health & Wellness ETF 1.2 50 -5 3.7 -3.2
GXF Global X FTSE Nordic Region ETF 1.2 51 -6 9.6 +2.6
IVRA Invesco Real Assets ESG ETF 1.2 59 -14 4.7 -2.3
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 1.2 65 -20 5.1 -1.8
IDRV iShares Self-driving EV & Tech ETF 1.2 47 -2 6.1 -0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.1 58 -13 5.0 -2.0
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 1.1 43 2 5.1 -1.9
CZA Invesco Zacks Mid-Cap ETF 1.1 69 -24 4.8 -2.1
UTES Virtus Reaves Utilities ETF 1.1 49 -4 4.6 -2.4
ECLN First Trust EIP Carbon Impact ETF 1.1 97 -52 3.3 -3.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.1 58 -13 8.1 +1.2
HJPX iShares Currency Hedged JPX-Nikkei 400 ETF 1.1 48 -3 6.4 -0.5
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.1 45 0 3.2 -3.8
EMGF iShares MSCI Emerging Markets Multifactor ETF 1.1 45 0 10.1 +3.2
GXC SPDR S&P China ETF 1.1 59 -14 8.2 +1.3
EWK iShares MSCI Belgium Capped ETF 1.1 51 -6 6.2 -0.7
DFJ WisdomTree Japan SmallCap Dividend Fund 1.1 58 -13 8.0 +1.1
FXI iShares China Large-Cap ETF 1.1 74 -29 10.9 +3.9
CARZ First Trust NASDAQ Global Auto Index Fund 1.0 70 -25 8.3 +1.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 1.0 95 -50 4.6 -2.3
DRIV Global X Autonomous & Electric Vehicles ETF 1.0 68 -23 4.3 -2.6
RXI iShares Global Consumer Discretionary ETF 1.0 46 -1 3.8 -3.2
BNE Blue Horizon BNE ETF 1.0 87 -42 3.0 -4.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -35 12.7 +5.8
BLDG Cambria Global Real Estate ETF 1.0 59 -14 6.5 -0.5
DXGE WisdomTree Germany Hedged Equity Fund 1.0 48 -3 7.5 +0.6
JOYY Infusive Compounding Global Equities ETF 1.0 50 -5 3.8 -3.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.0 50 -5 3.0 -4.0
DWCR Arrow DWA Country Rotation ETF 1.0 136 -91 4.5 -2.5
KALL KraneShares MSCI All China Index ETF 1.0 49 -4 8.5 +1.6
BLES Inspire Global Hope Large Cap ETF 1.0 52 -7 4.9 -2.0
BICK First Trust BICK Index Fund 1.0 64 -19 5.7 -1.2
CHIU Global X MSCI China Utilities ETF 0.9 66 -21 9.0 +2.0
EMIF iShares Emerging Markets Infrastructure ETF 0.9 60 -15 8.5 +1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -34 8.3 +1.3
EWS iShares MSCI Singapore ETF 0.9 51 -6 6.1 -0.8
FLKR Franklin FTSE South Korea ETF 0.9 9 36 7.4 +0.5
DVYE iShares Emerging Markets Dividend ETF 0.9 49 -4 15.6 +8.6
EWM iShares MSCI Malaysia ETF 0.9 51 -6 9.1 +2.1
ASEA Global X Southeast Asia ETF 0.9 65 -20 8.2 +1.3
MCHI iShares MSCI China ETF 0.9 59 -14 8.2 +1.2
FLCH Franklin FTSE China ETF 0.9 19 26 8.8 +1.9
DLS WisdomTree International SmallCap Dividend Fund 0.8 58 -13 7.8 +0.8
PBD Invesco Global Clean Energy ETF 0.8 75 -30 -0.0 -7.0
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.8 48 -3 7.8 +0.9
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.8 40 5 6.7 -0.2
CN Xtrackers MSCI All China Equity ETF 0.8 50 -5 8.2 +1.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -35 7.0 +0.1
JEPI JPMorgan Equity Premium Income ETF 0.8 35 10 4.6 -2.3
BKF iShares MSCI BRIC ETF 0.8 70 -25 7.2 +0.3
FLZA Franklin FTSE South Africa ETF 0.7 19 26 9.6 +2.6
EZA iShares MSCI South Africa ETF 0.7 59 -14 7.6 +0.6
ENZL iShares MSCI New Zealand Capped ETF 0.7 51 -6 2.8 -4.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.7 70 -25 6.6 -0.3
AIIQ AI Powered International Equity ETF 0.7 79 -34 2.5 -4.5
ICLN iShares Global Clean Energy ETF 0.7 46 -1 4.9 -2.1
FIW First Trust Water ETF 0.7 54 -9 2.9 -4.0
CNRG SPDR S&P Kensho Clean Power ETF 0.7 45 0 2.2 -4.8
KOIN Innovation Shares NextGen Protocol ETF 0.7 95 -50 3.7 -3.2
FDVV Fidelity Core Dividend ETF 0.6 29 16 6.1 -0.8
EYLD Cambria Emerging Shareholder Yield ETF 0.6 69 -24 11.3 +4.3
FCA First Trust China AlphaDEX Fund 0.6 80 -35 15.7 +8.8
KESG KraneShares MSCI China ESG Leaders Index ETF 0.6 59 -14 9.0 +2.1
CHIL Global X MSCI China Large-Cap 50 ETF 0.6 29 16 6.9 -0.0
PIE Invesco DWA Emerging Markets Momentum ETF 0.6 90 -45 4.4 -2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 31 14 4.1 -2.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 63 -18 10.4 +3.4
XCEM Columbia EM Core ex-China ETF 0.5 16 29 6.1 -0.8
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.5 35 10 12.0 +5.1
ATEC-AU BetaShares S&P/ASX Australian Technology ETF 0.5 48 -3 1.0 -5.9
KRMA Global X Conscious Companies ETF 0.5 43 2 4.8 -2.2
BJK VanEck Vectors Gaming ETF 0.5 65 -20 2.1 -4.8
SDIV Global X SuperDividend ETF 0.4 59 -14 15.1 +8.1
TPAY Tortoise Digital Payments Infrastructure Fund 0.4 40 5 4.3 -2.7
FINX Global X FinTech Thematic ETF 0.4 68 -23 2.5 -4.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 -13 7.3 +0.3
FJP First Trust Japan AlphaDEX Fund 0.4 80 -35 8.0 +1.1
KOMP SPDR Kensho New Economies Composite ETF 0.3 20 25 1.6 -5.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 -3 10.6 +3.6
ACWF iShares MSCI Global Multifactor ETF 0.3 35 10 7.3 +0.4
EXI iShares Global Industrials ETF 0.3 46 -1 4.7 -2.3
GWX SPDR S&P International Small Cap ETF 0.3 40 5 4.8 -2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -20 5.5 -1.5
AFK VanEck Vectors Africa Index ETF 0.2 79 -34 6.8 -0.1
GAMR ETFMG Video Game Tech ETF 0.2 75 -30 3.9 -3.0
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -10 6.4 -0.6
AMZA InfraCap MLP ETF 0.1 201 -156 3.9 -3.1
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 20 4.2 -2.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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:

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 10.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.53
 
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.