SPDR S&P International Dividend ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.3x 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) $475
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 99
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
ORANGE SA 2.1 %
APA GROUP 2.1 %
EDP-ENERGIAS DE PORTUGAL SA 2.0 %
BOUYGUES SA 1.9 %
ITALGAS SPA 1.9 %
SNAM RETE GAS 1.8 %
M&G PLC 1.7 %
RED ELECTRICA CORP. SA 1.6 %
EIFFAGE 1.6 %
NATIONAL GRID PLC 1.5 %
Total 18.2 %

TOP COUNTRY EXPOSURE
JAPAN 21.7 %
CANADA 13.3 %
BRITAIN 10.9 %
SWITZERLAND 7.7 %
AUSTRALIA 7.3 %
FRANCE 7.2 %
TAIWAN 5.3 %
ITALY 4.8 %
SPAIN 3.6 %
GERMANY 3.4 %

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.
20.6% 24.0% 8.8% 4.4% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.57 36%
MSCI EAFE 0.73 64%
MSCI Emg. Mkts. 0.66 54%

Technical Indicators
Recent close $41.87
30d moving avg. $41.99
Annualized volatility 15.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 441 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 26.8 60 -15 8.2 +1.9
IDLV Invesco S&P International Developed Low Volatility ETF 25.1 25 20 6.5 +0.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 23.6 22 23 5.8 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.9 80 -35 5.6 -0.7
WDIV SPDR S&P Global Dividend ETF 22.7 40 5 9.6 +3.3
VWID Virtus WMC International Dividend ETF 17.2 49 -4 8.9 +2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 16.8 32 13 5.9 -0.3
DWMF WisdomTree International Multifactor Fund 16.7 38 7 7.0 +0.8
EFV iShares MSCI EAFE Value ETF 16.3 34 11 9.4 +3.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.0 30 15 7.1 +0.9
LVHI Franklin International Low Volatility High Dividend Index ET 15.8 40 5 10.9 +4.7
VYMI Vanguard International High Dividend Yield ETF 15.0 17 28 9.9 +3.7
DIVI Franklin International Core Dividend Tilt Index ETF 14.9 9 36 8.2 +2.0
DOL WisdomTree International LargeCap Dividend Fund 14.9 48 -3 7.5 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 14.6 83 -38 9.8 +3.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 14.2 9 36 9.3 +3.0
EFAS Global X MSCI SuperDividend EAFE ETF 14.0 57 -12 8.5 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.4 40 5 7.7 +1.4
DWM WisdomTree International Equity Fund 13.3 48 -3 7.6 +1.3
FDEV Fidelity International Multifactor ETF 13.1 18 27 7.5 +1.2
IDV iShares International Select Dividend ETF 12.9 51 -6 11.2 +4.9
JIRE JPMorgan International Research Enhanced Equity ETF 12.8 24 21 7.2 +1.0
DTH WisdomTree International High Dividend Fund 12.8 58 -13 9.0 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.5 29 16 8.0 +1.8
IEV iShares Europe ETF 12.3 67 -22 6.9 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.1 45 0 9.0 +2.8
OEUR ALPS O'Shares Europe Quality Dividend ETF 12.1 48 -3 5.9 -0.3
STXI Strive International Developed Markets ETF 11.9 29 16 7.0 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 11.9 25 20 7.3 +1.1
VGK Vanguard FTSE Europe ETF 11.8 6 39 7.5 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.8 46 -1 7.0 +0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.8 50 -5 5.9 -0.4
IEUR iShares Core MSCI Europe ETF 11.7 11 34 7.4 +1.1
FLEE Franklin FTSE Europe ETF 11.7 9 36 7.4 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 11.6 9 36 7.2 +1.0
RWX SPDR Dow Jones International Real Estate ETF 11.6 59 -14 7.1 +0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 11.6 20 25 7.3 +1.1
IGRO iShares International Dividend Growth ETF 11.6 15 30 7.3 +1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 11.6 37 8 8.7 +2.4
JHMD John Hancock Multifactor Developed International ETF 11.5 39 6 7.7 +1.5
ESGD iShares ESG Aware MSCI EAFE ETF 11.5 20 25 7.0 +0.8
GSID Goldman Sachs MarketBeta International Equity ETF 11.5 20 25 7.1 +0.8
EFA iShares MSCI EAFE ETF 11.5 35 10 7.0 +0.7
BKIE BNY Mellon International Equity ETF 11.4 4 41 7.2 +0.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.4 36 9 7.0 +0.7
IQLT iShares MSCI Intl Quality Factor ETF 11.2 30 15 6.3 +0.0
SPEU SPDR Portfolio Europe ETF 11.1 7 38 7.4 +1.1
IMTM iShares MSCI Intl Momentum Factor ETF 11.0 30 15 5.4 -0.8
FIVA Fidelity International Value Factor ETF 11.0 18 27 10.3 +4.1
IMFL Invesco International Developed Dynamic Multifactor ETF 10.8 34 11 6.0 -0.2
GCOW Pacer Global Cash Cows Dividend ETF 10.7 60 -15 11.1 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 10.7 25 20 9.7 +3.5
NUDM Nuveen ESG International Developed Markets Equity ETF 10.6 31 14 6.4 +0.1
AIVI WisdomTree International AI Enhanced Value Fund 10.6 58 -13 7.5 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 10.6 4 41 7.2 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 10.5 46 -1 5.7 -0.6
IEFA iShares Core MSCI EAFE ETF 10.5 7 38 7.2 +1.0
CIL VictoryShares International Volatility Wtd ETF 10.3 45 0 6.6 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.3 20 25 6.5 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.2 47 -2 5.8 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.1 25 20 7.2 +1.0
VEA Vanguard FTSE Developed Markets ETF 10.1 3 42 7.4 +1.1
IQRA IQ CBRE Real Assets ETF 9.9 65 -20 5.8 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 9.9 3 42 7.3 +1.0
RFEU First Trust Riverfront Dynamic Europe ETF 9.9 83 -38 10.5 +4.3
FIDI Fidelity International High Dividend ETF 9.8 18 27 9.0 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.8 39 6 6.8 +0.6
JXI iShares Global Utilities ETF 9.8 43 2 5.9 -0.3
IVLU iShares MSCI Intl Value Factor ETF 9.5 30 15 10.8 +4.6
IFGL iShares International Developed Real Estate ETF 9.3 48 -3 7.1 +0.9
DFAI Dimensional International Core Equity Market ETF 9.3 18 27 7.3 +1.1
SCHF Schwab International Equity ETF 9.3 6 39 7.5 +1.2
IQSI IQ Candriam International Equity ETF 9.2 15 30 6.7 +0.5
INTF iShares International Equity Factor ETF 9.0 15 30 7.9 +1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 8.9 12 33 6.2 -0.1
CWI SPDR MSCI ACWI ex-US ETF 8.9 30 15 7.8 +1.6
DIM WisdomTree International MidCap Dividend Fund 8.8 58 -13 7.6 +1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.7 20 25 6.7 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 8.7 34 11 7.9 +1.7
FENI Fidelity Enhanced International ETF 8.5 28 17 6.8 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.5 35 10 6.8 +0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.5 18 27 7.6 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 41 4 7.8 +1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.4 24 21 7.6 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.4 14 31 6.3 +0.1
UIVM VictoryShares International Value Momentum ETF 8.3 35 10 9.0 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 4 41 8.3 +2.0
IXUS iShares Core MSCI Total International Stock ETF 7.6 7 38 8.1 +1.8
VXUS Vanguard Total International Stock ETF 7.6 5 40 8.1 +1.9
ACWV iShares MSCI Global Min Vol Factor ETF 7.4 20 25 5.9 -0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.4 10 35 8.2 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 7.3 39 6 8.3 +2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.3 12 33 8.0 +1.8
PPIE Putnam PanAgora ESG International Equity ETF 7.3 49 -4 7.5 +1.3
EWJV iShares MSCI Japan Value ETF 7.2 15 30 9.7 +3.4
DFIV Dimensional International Value ETF 7.2 27 18 10.2 +3.9
IDOG ALPS International Sector Dividend Dogs ETF 7.2 50 -5 12.4 +6.2
RODE Hartford Multifactor Diversified International ETF 7.1 29 16 12.7 +6.4
VSGX Vanguard ESG International Stock ETF 7.1 10 35 8.0 +1.7
FDD First Trust Stoxx European Select Dividend Index Fund 7.1 58 -13 11.9 +5.6
IDHQ Invesco S&P International Developed High Quality ETF 7.0 29 16 6.7 +0.4
EDIV SPDR S&P Emerging Markets Dividend ETF 7.0 49 -4 11.9 +5.7
EUDV ProShares MSCI Europe Dividend Growers ETF 6.9 55 -10 5.9 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 6.9 49 -4 6.1 -0.1
EWU iShares MSCI United Kingdom ETF 6.9 50 -5 8.7 +2.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.8 56 -11 11.1 +4.9
RCGE RockCreek Global Equality ETF 6.8 95 -50 6.3 +0.1
DIHP Dimensional International High Profitability ETF 6.8 29 16 7.3 +1.0
EZU iShares MSCI Eurozone ETF 6.7 52 -7 6.7 +0.5
FLGB Franklin FTSE United Kingdom ETF 6.6 9 36 8.0 +1.8
TPIF Timothy Plan International ETF 6.6 62 -17 6.3 +0.0
IDMO Invesco S&P International Developed Momentum ETF 6.6 25 20 5.4 -0.8
NXTG First Trust Indxx NextG ETF 6.6 70 -25 5.4 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.6 45 0 7.2 +1.0
FEP First Trust Europe AlphaDEX Fund 6.5 80 -35 9.3 +3.1
DTAN Sparkline International Intangible Value ETF 6.5 55 -10 8.2 +2.0
AVIV Avantis International Large Cap Value ETF 6.5 25 20 9.0 +2.8
QINT American Century Quality Diversified International ETF 6.5 39 6 7.5 +1.2
FEUZ First Trust Eurozone AlphaDEX ETF 6.5 80 -35 9.1 +2.9
SCHY Schwab International Dividend Equity ETF 6.3 14 31 9.7 +3.5
QWLD SPDR MSCI World StrategicFactors ETF 6.3 30 15 6.1 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.3 58 -13 6.8 +0.6
INEQ Columbia International Equity Income ETF 6.3 45 0 8.4 +2.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.2 25 20 6.0 -0.3
AVDE Avantis International Equity ETF 6.2 23 22 7.7 +1.4
FSZ First Trust Switzerland AlphaDEX Fund 6.2 80 -35 5.2 -1.0
FICS First Trust International Developed Capital Strength ETF 6.1 70 -25 6.3 +0.0
EWC iShares MSCI Canada ETF 6.1 50 -5 6.4 +0.2
CGDG Capital Group Dividend Growers ETF 6.1 47 -2 6.2 -0.0
DFIC Dimensional International Core Equity 2 ETF 6.0 23 22 7.6 +1.4
JPXN iShares JPX-Nikkei 400 ETF 6.0 48 -3 7.3 +1.0
DEW WisdomTree Global High Dividend Fund 5.9 58 -13 8.7 +2.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.8 65 -20 11.8 +5.6
FLJP Franklin FTSE Japan ETF 5.8 9 36 6.8 +0.6
BBJP JPMorgan BetaBuilders Japan ETF 5.8 19 26 7.3 +1.1
EWL iShares MSCI Switzerland ETF 5.8 50 -5 6.1 -0.1
FLJH Franklin FTSE Japan Hedged ETF 5.8 9 36 6.8 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 5.8 24 21 6.5 +0.2
PATN Pacer Nasdaq International Patent Leaders ETF 5.8 65 -20 6.4 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.7 58 -13 4.8 -1.5
FLSW Franklin FTSE Switzerland ETF 5.7 9 36 6.3 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.6 47 -2 7.0 +0.8
EWJ iShares MSCI Japan ETF 5.6 50 -5 6.8 +0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.6 25 20 7.5 +1.3
KNO AXS Knowledge Leaders ETF 5.5 78 -33 6.1 -0.2
BBCA JPMorgan BetaBuilders Canada ETF 5.4 19 26 6.6 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 5.4 12 33 5.6 -0.7
AVSD Avantis Responsible International Equity ETF 5.4 23 22 5.7 -0.5
IVAL Alpha Architect International Quantitative Value ETF 5.3 49 -4 10.8 +4.5
DXIV Dimensional International Vector Equity ETF 5.2 34 11 8.1 +1.8
KXI iShares Global Consumer Staples ETF 5.2 41 4 5.5 -0.7
OCEN IQ Clean Oceans ETF 5.2 45 0 6.3 +0.0
VIGI Vanguard International Dividend Appreciation ETF 5.1 10 35 6.2 -0.0
ESGG FlexShares STOXX Global ESG Select Index Fund 5.1 42 3 5.5 -0.8
IPAC iShares Core MSCI Pacific ETF 5.0 9 36 6.9 +0.6
IGF iShares Global Infrastructure ETF 5.0 41 4 4.8 -1.5
GII SPDR S&P Global Infrastructure ETF 5.0 40 5 4.8 -1.5
TTAI FCF International Quality ETF 5.0 59 -14 7.0 +0.7
DGT SPDR Global Dow ETF 5.0 50 -5 7.3 +1.1
RWO SPDR Dow Jones Global Real Estate ETF 5.0 50 -5 7.1 +0.9
KLMT Invesco MSCI Global Climate 500 ETF 4.9 10 35 5.9 -0.3
JHID John Hancock International High Dividend ETF 4.9 46 -1 10.0 +3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 4.9 59 -14 5.5 -0.8
WWJD Inspire International ETF 4.8 80 -35 7.3 +1.1
BINV Brandes International ETF 4.8 70 -25 9.7 +3.5
IXP iShares Global Comm Services ETF 4.8 42 3 5.7 -0.6
FEZ SPDR EURO STOXX 50 ETF 4.7 29 16 7.2 +0.9
FYLD Cambria Foreign Shareholder Yield ETF 4.7 59 -14 12.0 +5.8
DXJ WisdomTree Japan Hedged Equity Fund 4.6 48 -3 8.3 +2.0
IXC iShares Global Energy ETF 4.6 44 1 10.6 +4.4
IOO iShares Global 100 ETF 4.6 41 4 5.0 -1.3
FKU First Trust United Kingdom AlphaDEX Fund 4.6 80 -35 7.4 +1.1
UMMA Wahed Dow Jones Islamic World ETF 4.5 65 -20 5.2 -1.1
VPL Vanguard FTSE Pacific ETF 4.4 7 38 7.3 +1.0
EFG iShares MSCI EAFE Growth ETF 4.4 36 9 4.4 -1.9
UMI USCF Midstream Energy Income Fund ETF 4.4 85 -40 5.6 -0.7
ENFR Alerian Energy Infrastructure ETF 4.4 35 10 6.0 -0.3
USAI Pacer American Energy Independence ETF 4.4 75 -30 4.8 -1.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.3 65 -20 3.6 -2.6
TPYP Tortoise North American Pipeline Fund 4.3 40 5 5.9 -0.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.3 25 20 6.5 +0.2
CZAR Themes Natural Monopoly ETF 4.3 35 10 5.5 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.3 30 15 8.2 +1.9
FEOE First Eagle Overseas Equity ETF 4.3 79 -34 8.3 +2.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.3 75 -30 7.8 +1.5
IQDF FlexShares International Quality Dividend Index Fund 4.2 47 -2 9.3 +3.1
EWT iShares MSCI Taiwan ETF 4.2 58 -13 6.5 +0.3
SCJ iShares MSCI Japan Small-Cap ETF 4.1 50 -5 6.9 +0.6
EPP iShares MSCI Pacific ex-Japan ETF 4.1 47 -2 5.5 -0.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.1 19 26 6.1 -0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.1 46 -1 10.4 +4.1
VGSR Vert Global Sustainable Real Estate ETF 4.0 47 -2 7.4 +1.1
ERET iShares Environmentally Aware Real Estate ETF 3.9 30 15 7.5 +1.3
EWQ iShares MSCI France ETF 3.8 53 -8 7.2 +1.0
FLCA Franklin FTSE Canada ETF 3.8 9 36 6.8 +0.6
FJP First Trust Japan AlphaDEX Fund 3.6 80 -35 9.5 +3.2
DIVS SmartETFs Dividend Builder ETF 3.6 65 -20 5.0 -1.3
EWA iShares MSCI Australia ETF 3.5 50 -5 5.9 -0.3
FLTW Franklin FTSE Taiwan ETF 3.5 19 26 6.7 +0.5
GQRE FlexShares Global Quality Real Estate Index Fund 3.5 45 0 7.9 +1.7
GLBL Pacer MSCI World Industry Advantage ETF 3.5 65 -20 4.2 -2.0
VIDI Vident International Equity Strategy ETF 3.4 61 -16 11.5 +5.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.4 80 -35 10.0 +3.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 -20 7.4 +1.2
IVRA Invesco Real Assets ESG ETF 3.4 59 -14 6.3 +0.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.4 29 16 8.8 +2.5
QTUM Defiance Quantum ETF 3.4 40 5 5.4 -0.8
FEGE First Eagle Global Equity ETF 3.3 79 -34 7.0 +0.8
URTH iShares MSCI World ETF 3.3 24 21 5.3 -1.0
CLNR IQ Cleaner Transport ETF 3.3 45 0 6.6 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 3.3 58 -13 6.8 +0.6
WRND IQ Global Equity R&D Leaders ETF 3.2 18 27 8.4 +2.2
FLAU Franklin FTSE Australia ETF 3.2 9 36 6.3 +0.1
ICLN iShares Global Clean Energy ETF 3.2 41 4 5.8 -0.5
DSTX Distillate International Fundamental Stability & Value ETF 3.2 55 -10 8.3 +2.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -35 10.1 +3.9
TOK iShares MSCI Kokusai ETF 3.2 26 19 5.2 -1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 3.2 9 36 5.3 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.1 9 36 5.9 -0.3
ACWI iShares MSCI ACWI ETF 3.1 32 13 5.7 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 33 5.2 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 -3 7.9 +1.6
EUFN iShares MSCI Europe Financials ETF 3.0 51 -6 8.4 +2.1
COPY Tweedy, Browne Insider + Value ETF 3.0 80 -35 11.9 +5.6
IPKW Invesco International BuyBack Achievers ETF 3.0 55 -10 13.7 +7.5
SDG iShares MSCI Global Sustainable Development Goals ETF 3.0 49 -4 6.3 +0.0
EWI iShares MSCI Italy ETF 2.9 50 -5 10.3 +4.0
KOCG FIS Knights of Columbus Global Belief ETF 2.9 75 -30 5.0 -1.2
FLGR Franklin FTSE Germany ETF 2.9 9 36 6.7 +0.5
FGM First Trust Germany AlphaDEX Fund 2.9 80 -35 6.2 -0.0
DAX Global X DAX Germany ETF 2.9 21 24 6.4 +0.2
EWG iShares MSCI Germany ETF 2.9 50 -5 6.0 -0.2
EWP iShares MSCI Spain ETF 2.9 50 -5 7.3 +1.1
GLOF iShares Global Equity Factor ETF 2.9 20 25 6.7 +0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.8 40 5 7.1 +0.9
VT Vanguard Total World Stock ETF 2.8 6 39 6.0 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.8 58 -13 7.1 +0.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.8 58 -13 8.9 +2.7
REET iShares Global REIT ETF 2.8 14 31 7.7 +1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.8 47 -2 8.6 +2.3
XCEM Columbia EM Core ex-China ETF 2.8 16 29 8.2 +1.9
IQDG WisdomTree International Quality Dividend Growth Fund 2.7 42 3 7.1 +0.9
CGIE Capital Group International Equity ETF 2.7 54 -9 5.0 -1.2
FTRI First Trust Indxx Global Natural Resources Income ETF 2.7 70 -25 8.2 +1.9
AQWA Global X Clean Water ETF 2.7 50 -5 4.9 -1.3
CGW Invesco S&P Global Water Index ETF 2.7 57 -12 4.7 -1.6
PIO Invesco Global Water ETF 2.7 75 -30 4.7 -1.5
EFRA iShares Environmental Infrastructure and Industrials ETF 2.7 47 -2 5.2 -1.0
AVRE Avantis Real Estate ETF 2.6 17 28 7.2 +1.0
DFIS Dimensional International Small Cap ETF 2.6 39 6 7.5 +1.2
DFGR Dimensional Global Real Estate ETF 2.6 22 23 7.5 +1.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.6 45 0 4.5 -1.7
FILL iShares MSCI Global Energy Producers ETF 2.6 39 6 12.1 +5.9
GNR SPDR S&P Global Natural Resources ETF 2.6 40 5 11.5 +5.3
SCZ iShares MSCI EAFE Small-Cap ETF 2.6 40 5 7.1 +0.8
EBLU Ecofin Global Water ESG Fund 2.6 40 5 4.3 -2.0
BLES Inspire Global Hope ETF 2.5 61 -16 6.8 +0.6
EMLP First Trust North American Energy Infrastructure Fund 2.5 95 -50 6.0 -0.2
KNCT Invesco Next Gen Connectivity ETF 2.5 40 5 5.0 -1.3
JGLO JPMorgan Global Select Equity ETF 2.4 33 12 5.0 -1.3
IXJ iShares Global Healthcare ETF 2.4 42 3 7.3 +1.0
IXG iShares Global Financials ETF 2.4 42 3 6.8 +0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.4 24 21 8.3 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.4 20 25 5.8 -0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -35 4.9 -1.4
NDIV Amplify Natural Resources Dividend Income ETF 2.3 59 -14 13.8 +7.5
FAN First Trust Global Wind Energy ETF 2.3 60 -15 4.5 -1.7
RITA ETFB Green SRI REITs ETF 2.3 50 -5 6.5 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 2.2 39 6 5.9 -0.3
ECLN First Trust EIP Carbon Impact ETF 2.2 96 -51 4.1 -2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 15 10.0 +3.7
PID Invesco International Dividend Achievers ETF 2.1 53 -8 5.6 -0.7
IEUS iShares MSCI Europe Small-Cap ETF 2.1 42 3 7.2 +1.0
WDNA WisdomTree BioRevolution Fund 2.1 45 0 -1.3 -7.5
EWS iShares MSCI Singapore ETF 2.1 50 -5 5.3 -0.9
EINC VanEck Energy Income ETF 2.1 48 -3 5.5 -0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.0 44 1 11.0 +4.7
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 22 8.4 +2.2
FRNW Fidelity Clean Energy ETF 2.0 39 6 3.9 -2.4
SCHC Schwab International Small-Cap Equity ETF 2.0 11 34 6.8 +0.6
IDNA iShares Genomics Immunology and Healthcare ETF 1.9 47 -2 -2.3 -8.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.9 60 -15 6.0 -0.2
EWH iShares MSCI Hong Kong ETF 1.8 50 -5 5.6 -0.6
SDIV Global X Superdividend ETF 1.8 58 -13 40.8 +34.6
JSTC Adasina Social Justice All Cap Global ETF 1.8 89 -44 4.8 -1.5
GVAL Cambria Global Value ETF 1.8 68 -23 11.1 +4.9
IWTR iShares MSCI Water Management Multisector ETF 1.8 47 -2 5.7 -0.6
WLDR Affinity World Leaders Equity ETF 1.8 67 -22 7.7 +1.5
CRTC Xtrackers US National Critical Technologies ETF 1.8 35 10 4.8 -1.4
EWY iShares MSCI South Korea ETF 1.7 58 -13 9.2 +3.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.7 25 20 13.0 +6.8
DVYA iShares Asia/Pacific Dividend ETF 1.7 49 -4 8.4 +2.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 6 11.6 +5.3
HART IQ Healthy Hearts ETF 1.7 45 0 6.7 +0.4
MOTG VanEck Morningstar Global Wide Moat ETF 1.6 52 -7 6.7 +0.5
MOTI VanEck Morningstar International Moat ETF 1.6 58 -13 11.1 +4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.6 50 -5 11.5 +5.2
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 -10 7.6 +1.4
DEHP Dimensional Emerging Markets High Profitability ETF 1.6 41 4 6.9 +0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 -4 7.0 +0.8
CGXU Capital Group International Focus Equity ETF 1.6 54 -9 5.8 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 28 13.3 +7.0
EIPI FT Energy Income Partners Enhanced Income ETF 1.5 110 -65 6.8 +0.5
IBAT iShares Energy Storage & Materials ETF 1.5 47 -2 5.4 -0.8
DISV Dimensional International Small Cap Value ETF 1.5 42 3 9.6 +3.4
FLKR Franklin FTSE South Korea ETF 1.5 9 36 9.8 +3.5
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 4.7 -1.5
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 1 12.1 +5.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.4 78 -33 9.5 +3.2
BKCI BNY Mellon Concentrated International ETF 1.4 80 -35 5.0 -1.2
SRET Global X SuperDividend REIT ETF 1.4 59 -14 12.2 +6.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 -25 9.4 +3.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 8 37 6.9 +0.7
EWN iShares MSCI Netherlands ETF 1.3 50 -5 5.5 -0.8
EIPX FT Energy Income Partners Strategy ETF 1.3 95 -50 8.4 +2.1
GSFP Goldman Sachs Future Planet Equity ETF 1.2 75 -30 4.6 -1.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.2 79 -34 5.1 -1.1
TEMP JPMorgan Climate Change Solutions ETF 1.2 49 -4 5.8 -0.5
AGQI First Trust Active Global Quality Income ETF 1.2 85 -40 5.3 -0.9
HAP VanEck Natural Resources ETF 1.2 50 -5 9.7 +3.5
SMOG VanEck Low Carbon Energy ETF 1.2 61 -16 1.6 -4.7
VOLT Tema Electrification ETF 1.2 75 -30 2.8 -3.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 20 7.8 +1.5
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -21 12.5 +6.2
FDCF Fidelity Disruptive Communications ETF 1.2 50 -5 3.0 -3.3
RNEM First Trust Emerging Markets Equity Select ETF 1.2 75 -30 7.0 +0.8
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.2 60 -15 3.6 -2.7
RAYD Rayliant Quantitative Developed Market Equity ETF 1.2 80 -35 4.4 -1.8
ABEQ Absolute Select Value ETF 1.2 85 -40 4.8 -1.5
YLDE ClearBridge Dividend Strategy ESG ETF 1.2 60 -15 5.8 -0.4
DIVZ TrueShares Low Volatility Equity Income ETF 1.2 65 -20 6.5 +0.3
DIVY Sound Equity Dividend Income ETF 1.2 45 0 11.2 +4.9
FTWO Strive FAANG 2.0 ETF 1.2 49 -4 4.5 -1.8
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.2 59 -14 4.5 -1.7
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 29 8.6 +2.3
IMOM Alpha Architect International Quantitative Momentum ETF 1.2 49 -4 3.3 -3.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.2 70 -25 4.7 -1.5
FLHK Franklin FTSE Hong Kong ETF 1.1 9 36 7.1 +0.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 -18 13.3 +7.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 -4 10.5 +4.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.1 53 -8 7.8 +1.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 6.4 +0.1
MDLV Morgan Dempsey Large Cap Value ETF 1.1 58 -13 7.5 +1.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -35 12.3 +6.0
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 -4 10.3 +4.0
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 20 12.0 +5.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.0 15 30 7.7 +1.5
PAWZ ProShares Pet Care ETF 1.0 50 -5 3.7 -2.5
OSEA Harbor International Compounders ETF 1.0 55 -10 4.7 -1.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 -16 1.5 -4.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 26 9.6 +3.3
ECON Columbia Emerging Markets Consumer ETF 1.0 49 -4 12.5 +6.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 6 16.3 +10.1
AVES Avantis Emerging Markets Value ETF 1.0 36 9 11.7 +5.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 0 10.6 +4.4
CANC Tema Oncology ETF 0.9 75 -30 -2.7 -8.9
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.9 75 -30 1.2 -5.0
ABLG Abacus FCF International Leaders ETF 0.9 59 -14 6.4 +0.1
FRDM Freedom 100 Emerging Markets ETF 0.9 49 -4 8.8 +2.6
GINN Goldman Sachs Innovate Equity ETF 0.9 52 -7 3.7 -2.5
FFND Future Fund Active ETF 0.9 100 -55 4.4 -1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 15 10.5 +4.2
STXE Strive Emerging Markets Ex-China ETF 0.9 32 13 7.9 +1.6
ESGE iShares ESG Aware MSCI EM ETF 0.9 25 20 10.2 +4.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -4 9.6 +3.4
XC WisdomTree Emerging Markets Ex-China Fund 0.9 32 13 6.1 -0.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 -11 2.5 -3.7
EEM iShares MSCI Emerging Markets ETF 0.9 69 -24 10.4 +4.2
PBD Invesco Global Clean Energy ETF 0.9 75 -30 0.6 -5.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 30 8.2 +2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 9 7.9 +1.7
ISHP First Trust Nasdaq Retail ETF 0.8 60 -15 5.2 -1.0
IVEG iShares Emergent Food and AgTech Multisector ETF 0.8 47 -2 8.9 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 10 9.6 +3.3
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -17 3.6 -2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 13 6.9 +0.7
FPXI First Trust International Equity Opportunities ETF 0.8 70 -25 3.5 -2.8
NORW Global X MSCI Norway ETF 0.8 50 -5 10.1 +3.9
ENOR iShares MSCI Norway ETF 0.8 53 -8 10.1 +3.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.8 33 12 8.8 +2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -21 10.1 +3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 -4 16.1 +9.8
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 36 10.6 +4.4
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.7 85 -40 4.0 -2.3
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -40 4.0 -2.3
STCE Schwab Crypto Thematic ETF 0.7 30 15 1.0 -5.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -14 7.5 +1.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.7 60 -15 7.2 +0.9
FPAG FPA Global Equity ETF 0.7 49 -4 5.8 -0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 4 9.0 +2.7
KLMN Invesco MSCI North America Climate ETF 0.7 9 36 5.1 -1.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 30 10.5 +4.2
SCHE Schwab Emerging Markets Equity ETF 0.7 11 34 11.2 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 34 10.3 +4.0
ASEA Global X FTSE Southeast Asia ETF 0.7 65 -20 7.2 +1.0
THD iShares MSCI Thailand ETF 0.7 58 -13 0.0 -6.2
RGEF Rockefeller Global Equity ETF 0.7 55 -10 4.9 -1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 9 10.0 +3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 13 9.4 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 7 9.6 +3.3
RXI iShares Global Consumer Discretionary ETF 0.6 41 4 9.2 +3.0
OAIM OneAscent International Equity ETF 0.6 95 -50 5.7 -0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 3 6.7 +0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 12 8.7 +2.5
ENZL iShares MSCI New Zealand ETF 0.6 50 -5 3.6 -2.6
XT iShares Exponential Technologies ETF 0.6 46 -1 4.8 -1.4
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 38 10.7 +4.5
EWD iShares MSCI Sweden ETF 0.6 54 -9 5.6 -0.7
AVDS Avantis International Small Cap Equity ETF 0.6 30 15 7.6 +1.4
AVEM Avantis Emerging Markets Equity ETF 0.5 33 12 9.3 +3.0
AIA iShares Asia 50 ETF 0.5 50 -5 13.6 +7.3
JIG JPMorgan International Growth ETF 0.5 55 -10 4.7 -1.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.5 75 -30 7.7 +1.5
VWO Vanguard FTSE Emerging Markets ETF 0.5 7 38 10.7 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 -14 11.9 +5.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 10 19.5 +13.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.5 75 -30 9.9 +3.7
DFEV Dimensional Emerging Markets Value ETF 0.5 43 2 13.4 +7.2
FVD First Trust Value Line Dividend Index Fund 0.4 65 -20 6.4 +0.2
DFJ WisdomTree Japan SmallCap Dividend Fund 0.4 58 -13 8.2 +1.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 -13 8.0 +1.7
MXI iShares Global Materials ETF 0.4 41 4 7.9 +1.7
CUT Invesco MSCI Global Timber ETF 0.4 61 -16 10.2 +4.0
EFNL iShares MSCI Finland ETF 0.4 56 -11 7.2 +1.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -25 14.6 +8.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 12 10.2 +4.0
EXI iShares Global Industrials ETF 0.4 42 3 4.6 -1.7
GVLU Gotham 1000 Value ETF 0.3 50 -5 9.0 +2.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.3 60 -15 11.0 +4.8
EWM iShares MSCI Malaysia ETF 0.3 50 -5 7.1 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 16 6.6 +0.4
IXN iShares Global Tech ETF 0.3 41 4 3.9 -2.4
AVDV Avantis International Small Cap Value ETF 0.3 36 9 10.2 +4.0
RVRB Reverb ETF 0.2 30 15 4.7 -1.6
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 12.9 +6.7
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -13 8.5 +2.2
NANR SPDR S&P North American Natural Resources ETF 0.1 35 10 8.3 +2.1
AMZA InfraCap MLP ETF 0.0 164 -119 7.8 +1.6
EBI Longview Advantage ETF 0.0 35 10 6.8 +0.5

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 10.5 %
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		 1.66 CATEGORY
AVERAGE		 1.62
 
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.