SPDR S&P International Dividend ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 14.6x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 4.7%


  • 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) $405
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) $29,375
Large cap (>$10bn) 48.4%
Mid cap ($2-10bn) 50.5%
Small cap (<$2bn) 1.2%
Developed mkts 89.0%
Emerging mkts 11.0%

TOP TEN HOLDINGS
ENBRIDGE INC 2.1 %
M&G PLC 1.9 %
ORANGE SA 1.8 %
RED ELECTRICA CORP. SA 1.7 %
ITALGAS SPA 1.7 %
ASCENDAS REAL ESTATE INV TRT 1.6 %
NATIONAL GRID PLC 1.6 %
EMERA INC 1.6 %
SNAM RETE GAS 1.6 %
KT&G CORP 1.5 %
Total 17.0 %

TOP COUNTRY EXPOSURE
JAPAN 22.4 %
CANADA 15.2 %
BRITAIN 10.7 %
SWITZERLAND 7.6 %
FRANCE 6.1 %
AUSTRALIA 5.7 %
TAIWAN 5.2 %
ITALY 4.4 %
GERMANY 3.9 %
SPAIN 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.3% 17.5% 2.8% 2.4% 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.65 55%
MSCI EAFE 0.78 83%
MSCI Emg. Mkts. 0.70 65%

Technical Indicators
Recent close $36.13
30d moving avg. $37.65
Annualized volatility 15.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $5,434

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 440 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™: 6.5%


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
(%)
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.1 80 -35 5.6 -0.9
FID First Trust S&P International Dividend Aristocrats ETF 24.6 60 -15 9.0 +2.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 23.3 22 23 6.6 +0.1
IDLV Invesco S&P International Developed Low Volatility ETF 23.2 25 20 6.2 -0.2
WDIV SPDR S&P Global Dividend ETF 21.5 40 5 9.4 +2.9
CID VictoryShares International High Div Volatility Wtd ETF 20.9 45 0 11.9 +5.5
VWID Virtus WMC International Dividend ETF 19.0 49 -4 9.6 +3.1
DWMF WisdomTree International Multifactor Fund 18.8 38 7 7.4 +1.0
LVHI Franklin International Low Volatility High Dividend Index ET 17.8 40 5 10.1 +3.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 17.2 32 13 6.0 -0.5
EFV iShares MSCI EAFE Value ETF 16.6 34 11 9.4 +3.0
FDEV Fidelity International Multifactor ETF 15.8 18 27 7.8 +1.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 15.1 30 15 7.3 +0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 14.5 9 36 9.9 +3.4
EFAS Global X MSCI SuperDividend EAFE ETF 14.3 57 -12 10.3 +3.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.3 83 -38 10.0 +3.5
VYMI Vanguard International High Dividend Yield ETF 14.2 22 23 9.8 +3.4
DIVI Franklin International Core Dividend Tilt Index ETF 13.9 9 36 8.1 +1.7
DOL WisdomTree International LargeCap Dividend Fund 13.6 48 -3 7.9 +1.5
RWX SPDR Dow Jones International Real Estate ETF 12.8 59 -14 7.4 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.7 45 0 8.9 +2.5
JPIN J.P. Morgan Diversified Return International Equity ETF 12.7 37 8 8.9 +2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.6 40 5 7.9 +1.5
IDV iShares International Select Dividend ETF 12.6 51 -6 12.2 +5.8
DWM WisdomTree International Equity Fund 12.6 48 -3 8.0 +1.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 12.4 46 -1 4.9 -1.6
DTH WisdomTree International High Dividend Fund 11.9 58 -13 10.1 +3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 11.9 47 -2 5.5 -1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.8 29 16 8.6 +2.1
IEV iShares Europe ETF 11.7 67 -22 6.6 +0.2
IQIN IQ 500 International ETF 11.7 25 20 9.2 +2.7
OEUR ALPS O'Shares Europe Quality Dividend ETF 11.5 48 -3 5.7 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 11.3 20 25 6.9 +0.5
JHMD John Hancock Multifactor Developed International ETF 11.3 39 6 7.8 +1.3
BBEU JPMorgan BetaBuilders Europe ETF 11.2 9 36 7.1 +0.6
IEUR iShares Core MSCI Europe ETF 11.1 11 34 7.1 +0.6
STXI Strive International Developed Markets ETF 11.1 29 16 6.9 +0.4
VGK Vanguard FTSE Europe ETF 11.0 11 34 7.1 +0.6
FLEE Franklin FTSE Europe ETF 11.0 9 36 7.2 +0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.0 46 -1 6.5 +0.0
AIVI WisdomTree International AI Enhanced Value Fund 11.0 58 -13 8.5 +2.0
SPEU SPDR Portfolio Europe ETF 10.9 7 38 7.1 +0.6
JIRE JPMorgan International Research Enhanced Equity ETF 10.9 24 21 7.1 +0.7
EFA iShares MSCI EAFE ETF 10.8 35 10 6.9 +0.4
CIL VictoryShares International Volatility Wtd ETF 10.7 45 0 7.0 +0.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 10.7 51 -6 7.1 +0.6
IQLT iShares MSCI Intl Quality Factor ETF 10.6 30 15 6.2 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 10.6 25 20 9.9 +3.4
BKIE BNY Mellon International Equity ETF 10.6 4 41 7.1 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 10.6 20 25 7.0 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 10.5 50 -5 5.3 -1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 10.3 20 25 7.1 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 10.2 36 9 6.6 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.2 25 20 7.2 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 10.1 4 41 7.1 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.0 20 25 6.5 +0.1
IEFA iShares Core MSCI EAFE ETF 9.9 7 38 7.1 +0.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 9.9 12 33 5.9 -0.6
IFGL iShares International Developed Real Estate ETF 9.8 48 -3 6.9 +0.5
IVLU iShares MSCI Intl Value Factor ETF 9.7 30 15 11.4 +5.0
SPDW SPDR Portfolio Developed World ex-US ETF 9.6 3 42 7.2 +0.7
VEA Vanguard FTSE Developed Markets ETF 9.6 5 40 7.3 +0.9
DIM WisdomTree International MidCap Dividend Fund 9.6 58 -13 7.7 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 9.5 31 14 6.7 +0.2
IGRO iShares International Dividend Growth ETF 9.5 15 30 7.5 +1.1
JXI iShares Global Utilities ETF 9.4 43 2 5.9 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.4 25 20 7.2 +0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.3 39 6 7.5 +1.1
FENI Fidelity Enhanced International ETF 9.2 28 17 8.1 +1.6
IQSI IQ Candriam International Equity ETF 9.2 15 30 6.6 +0.2
SCHF Schwab International Equity ETF 9.1 6 39 7.5 +1.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 9.0 20 25 6.9 +0.5
DFAI Dimensional International Core Equity Market ETF 8.9 18 27 7.3 +0.8
CWI SPDR MSCI ACWI ex-US ETF 8.8 30 15 6.9 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 8.7 34 11 5.9 -0.6
GCOW Pacer Global Cash Cows Dividend ETF 8.7 60 -15 12.5 +6.1
EDIV SPDR S&P Emerging Markets Dividend ETF 8.7 49 -4 12.0 +5.5
INTF iShares International Equity Factor ETF 8.7 15 30 8.2 +1.7
EWJV iShares MSCI Japan Value ETF 8.6 15 30 10.2 +3.7
RFEU First Trust Riverfront Dynamic Europe ETF 8.6 83 -38 11.1 +4.6
IQDE FlexShares International Quality Dividend Defensive Index ET 8.6 47 -2 14.8 +8.3
ACWX iShares MSCI ACWI ex U.S. ETF 8.6 34 11 7.0 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.6 18 27 7.0 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.2 35 10 6.6 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.1 41 4 7.4 +1.0
IDOG ALPS International Sector Dividend Dogs ETF 8.1 50 -5 12.8 +6.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.1 56 -11 13.5 +7.0
VEU Vanguard FTSE All-World ex-US Index Fund 8.0 8 37 7.3 +0.8
EWC iShares MSCI Canada ETF 8.0 50 -5 6.5 +0.0
DFIV Dimensional International Value ETF 7.9 27 18 10.0 +3.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.9 14 31 6.2 -0.3
FIDI Fidelity International High Dividend ETF 7.8 18 27 10.9 +4.5
IMTM iShares MSCI Intl Momentum Factor ETF 7.8 30 15 6.3 -0.1
IQRA IQ CBRE Real Assets ETF 7.8 65 -20 5.2 -1.3
IXUS iShares Core MSCI Total International Stock ETF 7.6 7 38 7.2 +0.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.6 10 35 7.7 +1.2
VXUS Vanguard Total International Stock ETF 7.5 7 38 7.2 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 7.4 39 6 7.4 +1.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 7.3 45 0 5.7 -0.8
TPIF Timothy Plan International ETF 7.3 62 -17 6.8 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 7.2 20 25 6.3 -0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.2 45 0 6.5 +0.1
EZU iShares MSCI Eurozone ETF 7.2 52 -7 6.6 +0.2
FLEU Franklin FTSE Eurozone ETF 7.2 9 36 7.3 +0.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.2 12 33 8.3 +1.8
EQIN Columbia US Equity Income ETF 7.2 35 10 8.3 +1.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.1 25 20 8.6 +2.1
NXTG First Trust Indxx NextG ETF 7.1 70 -25 6.2 -0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.1 24 21 8.7 +2.2
FDD First Trust Stoxx European Select Dividend Index Fund 7.0 58 -13 13.6 +7.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 7.0 25 20 5.6 -0.8
UIVM VictoryShares International Value Momentum ETF 6.9 35 10 11.0 +4.6
IDHQ Invesco S&P International Developed High Quality ETF 6.9 29 16 6.5 0.0
RODE Hartford Multifactor Diversified International ETF 6.6 29 16 11.8 +5.3
VSGX Vanguard ESG International Stock ETF 6.6 12 33 6.8 +0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 6.6 47 -2 7.4 +0.9
BBCA JPMorgan BetaBuilders Canada ETF 6.6 19 26 6.6 +0.1
JPXN iShares JPX-Nikkei 400 ETF 6.5 48 -3 8.7 +2.2
FEP First Trust Europe AlphaDEX Fund 6.5 80 -35 7.8 +1.3
EWU iShares MSCI United Kingdom ETF 6.4 50 -5 8.4 +2.0
FIVA Fidelity International Value Factor ETF 6.4 18 27 10.2 +3.8
FSZ First Trust Switzerland AlphaDEX Fund 6.4 80 -35 4.2 -2.2
EWJ iShares MSCI Japan ETF 6.4 50 -5 8.0 +1.5
BBJP JPMorgan BetaBuilders Japan ETF 6.3 19 26 7.8 +1.4
IGF iShares Global Infrastructure ETF 6.3 41 4 4.3 -2.2
GII SPDR S&P Global Infrastructure ETF 6.3 40 5 4.3 -2.2
FLGB Franklin FTSE United Kingdom ETF 6.3 9 36 7.9 +1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.2 58 -13 6.5 +0.0
FEUZ First Trust Eurozone AlphaDEX ETF 6.2 80 -35 6.7 +0.2
FLJH Franklin FTSE Japan Hedged ETF 6.2 9 36 7.7 +1.2
BLLD JPMorgan Sustainable Infrastructure ETF 6.2 49 -4 5.7 -0.8
FLJP Franklin FTSE Japan ETF 6.1 9 36 7.8 +1.4
DIHP Dimensional International High Profitability ETF 6.1 29 16 7.6 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 6.0 30 15 5.9 -0.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.0 25 20 6.6 +0.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 6.0 68 -23 8.2 +1.8
VCLN Virtus Duff & Phelps Clean Energy ETF 6.0 59 -14 3.9 -2.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.0 65 -20 4.3 -2.1
OCEN IQ Clean Oceans ETF 5.8 45 0 6.1 -0.4
DFIC Dimensional International Core Equity 2 ETF 5.8 23 22 7.7 +1.3
UMI USCF Midstream Energy Income Fund ETF 5.8 85 -40 3.7 -2.8
ENFR Alerian Energy Infrastructure ETF 5.8 35 10 4.0 -2.4
TPYP Tortoise North American Pipeline Fund 5.8 40 5 4.2 -2.2
USAI Pacer American Energy Independence ETF 5.8 75 -30 3.0 -3.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.7 58 -13 4.6 -1.9
DTAN Sparkline International Intangible Value ETF 5.7 55 -10 9.2 +2.7
WWJD Inspire International ETF 5.6 80 -35 7.3 +0.8
AVDE Avantis International Equity ETF 5.6 23 22 8.1 +1.6
QINT American Century Quality Diversified International ETF 5.6 39 6 7.7 +1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 5.5 29 16 8.7 +2.3
DFSI Dimensional International Sustainability Core 1 ETF 5.5 24 21 6.5 +0.0
FEZ SPDR EURO STOXX 50 ETF 5.4 29 16 6.8 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 5.4 12 33 5.5 -0.9
CGDG Capital Group Dividend Growers ETF 5.3 47 -2 6.6 +0.2
EUDV ProShares MSCI Europe Dividend Growers ETF 5.3 55 -10 5.3 -1.2
IPAC iShares Core MSCI Pacific ETF 5.2 9 36 7.2 +0.8
SCHY Schwab International Dividend Equity ETF 5.2 14 31 9.3 +2.9
TTAI FCF International Quality ETF 5.2 59 -14 5.6 -0.9
PATN Pacer Nasdaq International Patent Leaders ETF 5.2 65 -20 6.5 +0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.2 40 5 8.3 +1.8
FLSW Franklin FTSE Switzerland ETF 5.2 9 36 5.3 -1.2
FICS First Trust International Developed Capital Strength ETF 5.1 70 -25 5.3 -1.2
KXI iShares Global Consumer Staples ETF 5.1 41 4 5.7 -0.8
EWL iShares MSCI Switzerland ETF 5.1 50 -5 4.5 -2.0
AVIV Avantis International Large Cap Value ETF 5.1 25 20 9.0 +2.5
IXP iShares Global Comm Services ETF 5.0 42 3 5.1 -1.4
AVSD Avantis Responsible International Equity ETF 5.0 23 22 7.1 +0.6
IQDF FlexShares International Quality Dividend Index Fund 5.0 47 -2 12.9 +6.4
FLCA Franklin FTSE Canada ETF 5.0 9 36 6.8 +0.4
DGT SPDR Global Dow ETF 5.0 50 -5 6.8 +0.3
IDMO Invesco S&P International Developed Momentum ETF 4.8 25 20 5.9 -0.6
IXC iShares Global Energy ETF 4.8 44 1 8.7 +2.2
JHID John Hancock International High Dividend ETF 4.7 46 -1 11.3 +4.9
KLMT Invesco MSCI Global Climate 500 ETF 4.6 10 35 5.4 -1.0
VIGI Vanguard International Dividend Appreciation ETF 4.6 15 30 6.4 -0.1
VPL Vanguard FTSE Pacific ETF 4.6 8 37 7.7 +1.3
IOO iShares Global 100 ETF 4.5 41 4 4.8 -1.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 4.5 39 6 12.1 +5.6
DEW WisdomTree Global High Dividend Fund 4.4 58 -13 8.5 +2.1
RWO SPDR Dow Jones Global Real Estate ETF 4.4 50 -5 6.1 -0.4
IVRA Invesco Real Assets ESG ETF 4.3 59 -14 5.4 -1.1
UMMA Wahed Dow Jones Islamic World ETF 4.2 65 -20 4.6 -1.9
EWT iShares MSCI Taiwan ETF 4.2 58 -13 5.7 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.1 30 15 8.0 +1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.1 65 -20 12.8 +6.3
DXJ WisdomTree Japan Hedged Equity Fund 4.1 48 -3 8.5 +2.1
EPP iShares MSCI Pacific ex-Japan ETF 4.0 47 -2 4.9 -1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.0 19 26 5.4 -1.1
RAYD Rayliant Quantitative Developed Market Equity ETF 3.9 80 -35 3.8 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 3.9 42 3 5.1 -1.3
BINV Brandes International ETF 3.8 70 -25 8.5 +2.0
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 3.8 75 -30 4.6 -1.9
VGSR Vert Global Sustainable Real Estate ETF 3.8 47 -2 5.6 -0.9
EWQ iShares MSCI France ETF 3.7 53 -8 6.3 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 3.7 58 -13 9.5 +3.0
DIVS SmartETFs Dividend Builder ETF 3.7 65 -20 5.0 -1.4
VIDI Vident International Equity Strategy ETF 3.6 61 -16 10.2 +3.7
DSTX Distillate International Fundamental Stability & Value ETF 3.6 55 -10 8.0 +1.5
FYLD Cambria Foreign Shareholder Yield ETF 3.5 59 -14 13.6 +7.2
NDIV Amplify Natural Resources Dividend Income ETF 3.5 59 -14 8.5 +2.1
NTZG Nuveen Global Net Zero Transition ETF 3.5 56 -11 4.7 -1.7
IVAL Alpha Architect International Quantitative Value ETF 3.5 49 -4 9.5 +3.1
FLTW Franklin FTSE Taiwan ETF 3.4 19 26 5.9 -0.6
EUFN iShares MSCI Europe Financials ETF 3.4 51 -6 8.1 +1.7
ERET iShares Environmentally Aware Real Estate ETF 3.4 30 15 6.5 -0.0
WRND IQ Global Equity R&D Leaders ETF 3.4 18 27 7.5 +1.0
CLNR IQ Cleaner Transport ETF 3.3 45 0 6.8 +0.4
CZAR Themes Natural Monopoly ETF 3.3 35 10 6.3 -0.2
FLAU Franklin FTSE Australia ETF 3.3 9 36 5.4 -1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.3 46 -1 9.3 +2.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 -20 8.2 +1.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -35 3.2 -3.3
GDVD R3 Global Dividend Growth ETF 3.3 88 -43 5.5 -0.9
GVAL Cambria Global Value ETF 3.2 68 -23 13.1 +6.6
PID Invesco International Dividend Achievers ETF 3.2 53 -8 7.0 +0.6
FJP First Trust Japan AlphaDEX Fund 3.2 80 -35 10.3 +3.8
KOKU Xtrackers MSCI Kokusai Equity ETF 3.2 9 36 5.2 -1.3
URTH iShares MSCI World ETF 3.2 24 21 5.2 -1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.2 12 33 4.8 -1.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.2 58 -13 9.2 +2.8
QTUM Defiance Quantum ETF 3.1 40 5 3.6 -2.9
CGIE Capital Group International Equity ETF 3.1 54 -9 4.9 -1.5
FKU First Trust United Kingdom AlphaDEX Fund 3.1 80 -35 8.5 +2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.1 75 -30 7.9 +1.5
EWA iShares MSCI Australia ETF 3.1 50 -5 4.9 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.1 80 -35 9.1 +2.6
EMLP First Trust North American Energy Infrastructure Fund 3.1 95 -50 4.5 -1.9
SDG iShares MSCI Global Sustainable Development Goals ETF 3.0 49 -4 5.6 -0.8
TOK iShares MSCI Kokusai ETF 3.0 26 19 5.0 -1.4
FLGR Franklin FTSE Germany ETF 3.0 9 36 7.0 +0.5
FGM First Trust Germany AlphaDEX Fund 3.0 80 -35 6.0 -0.5
DAX Global X DAX Germany ETF 3.0 21 24 6.9 +0.5
EWG iShares MSCI Germany ETF 3.0 50 -5 6.4 -0.1
ACWI iShares MSCI ACWI ETF 3.0 32 13 5.3 -1.2
KOCG FIS Knights of Columbus Global Belief ETF 3.0 75 -30 5.0 -1.5
KNCT Invesco Next Gen Connectivity ETF 3.0 40 5 5.6 -0.9
AVRE Avantis Real Estate ETF 2.9 17 28 5.9 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.9 9 36 5.4 -1.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.9 70 -25 9.2 +2.7
EWP iShares MSCI Spain ETF 2.8 50 -5 8.4 +1.9
SCJ iShares MSCI Japan Small-Cap ETF 2.8 50 -5 7.0 +0.5
BLES Inspire Global Hope ETF 2.8 61 -16 6.4 -0.0
GLOF iShares Global Equity Factor ETF 2.8 20 25 7.0 +0.5
EWI iShares MSCI Italy ETF 2.7 50 -5 8.1 +1.6
LNGG Roundhill Alerian LNG ETF 2.7 65 -20 9.1 +2.6
EWS iShares MSCI Singapore ETF 2.7 50 -5 5.0 -1.5
GLBL Pacer MSCI World Industry Advantage ETF 2.7 65 -20 4.7 -1.8
VT Vanguard Total World Stock ETF 2.7 7 38 5.5 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.7 20 25 5.2 -1.3
ECLN First Trust EIP Carbon Impact ETF 2.6 96 -51 4.3 -2.1
REET iShares Global REIT ETF 2.6 14 31 6.2 -0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.6 47 -2 9.4 +2.9
EBLU Ecofin Global Water ESG Fund 2.6 40 5 4.9 -1.6
AQWA Global X Clean Water ETF 2.6 50 -5 4.2 -2.3
CGW Invesco S&P Global Water Index ETF 2.6 57 -12 4.4 -2.1
PIO Invesco Global Water ETF 2.6 75 -30 5.2 -1.3
EFRA iShares Environmental Infrastructure and Industrials ETF 2.6 47 -2 4.9 -1.6
XCEM Columbia EM Core ex-China ETF 2.5 16 29 7.7 +1.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.5 55 -10 2.9 -3.6
JSTC Adasina Social Justice All Cap Global ETF 2.5 89 -44 4.9 -1.6
JGLO JPMorgan Global Select Equity ETF 2.5 33 12 4.5 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 15 8.1 +1.7
ICLN iShares Global Clean Energy ETF 2.4 41 4 6.0 -0.5
IXJ iShares Global Healthcare ETF 2.4 42 3 6.5 +0.1
IPAV Global X Infrastructure Development ex-U.S. ETF 2.3 55 -10 9.7 +3.2
RITA ETFB Green SRI REITs ETF 2.3 50 -5 4.9 -1.5
DFIS Dimensional International Small Cap ETF 2.3 39 6 6.9 +0.4
BKCI BNY Mellon Concentrated International ETF 2.3 80 -35 4.2 -2.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.3 80 -35 7.6 +1.1
EINC VanEck Energy Income ETF 2.3 48 -3 3.6 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.3 24 21 9.2 +2.7
DFGR Dimensional Global Real Estate ETF 2.2 22 23 6.2 -0.2
IPKW Invesco International BuyBack Achievers ETF 2.2 55 -10 11.0 +4.6
FDEM Fidelity Emerging Markets Multifactor ETF 2.2 25 20 12.3 +5.9
EWH iShares MSCI Hong Kong ETF 2.2 50 -5 6.2 -0.3
EFG iShares MSCI EAFE Growth ETF 2.2 36 9 4.5 -1.9
IXG iShares Global Financials ETF 2.2 42 3 6.2 -0.3
SCZ iShares MSCI EAFE Small-Cap ETF 2.2 40 5 6.6 +0.1
EWY iShares MSCI South Korea ETF 2.2 58 -13 9.8 +3.4
SXUS Janus Henderson International Sustainable Equity ETF 2.2 60 -15 4.2 -2.3
AGQI First Trust Active Global Quality Income ETF 2.1 85 -40 5.9 -0.6
IEUS iShares MSCI Europe Small-Cap ETF 2.1 42 3 6.4 -0.1
DISV Dimensional International Small Cap Value ETF 2.1 42 3 9.1 +2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.1 35 10 12.4 +6.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.1 47 -2 -4.3 -10.8
ABEQ Absolute Select Value ETF 2.1 85 -40 4.3 -2.1
DIVZ TrueShares Low Volatility Equity Income ETF 2.1 65 -20 7.2 +0.7
ICAP InfraCap Equity Income Fund ETF 2.1 171 -126 6.0 -0.4
DIVY Sound Equity Dividend Income ETF 2.1 45 0 10.6 +4.2
GQRE FlexShares Global Quality Real Estate Index Fund 2.1 45 0 5.9 -0.5
CRTC Xtrackers US National Critical Technologies ETF 2.1 35 10 5.1 -1.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 -7 5.6 -0.8
MOTI VanEck Morningstar International Moat ETF 2.0 58 -13 5.9 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -18 18.9 +12.4
SCHC Schwab International Small-Cap Equity ETF 2.0 11 34 6.6 +0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.0 44 1 10.6 +4.2
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 22 9.1 +2.7
EMMF WisdomTree Emerging Markets Multifactor Fund 2.0 48 -3 8.8 +2.3
RNEM First Trust Emerging Markets Equity Select ETF 1.9 75 -30 7.6 +1.1
FAN First Trust Global Wind Energy ETF 1.9 60 -15 5.5 -0.9
DVYA iShares Asia/Pacific Dividend ETF 1.8 49 -4 9.0 +2.5
CGXU Capital Group International Focus Equity ETF 1.8 54 -9 4.9 -1.6
EIPI FT Energy Income Partners Enhanced Income ETF 1.8 110 -65 5.1 -1.3
FILL iShares MSCI Global Energy Producers ETF 1.8 39 6 9.6 +3.2
GNR SPDR S&P Global Natural Resources ETF 1.8 40 5 9.7 +3.2
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 6 7.2 +0.7
HART IQ Healthy Hearts ETF 1.8 45 0 5.0 -1.5
KNO AXS Knowledge Leaders ETF 1.8 78 -33 4.9 -1.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.8 60 -15 6.4 -0.1
WDNA WisdomTree BioRevolution Fund 1.7 45 0 -3.8 -10.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.6 78 -33 9.0 +2.5
WLDR Affinity World Leaders Equity ETF 1.6 67 -22 8.1 +1.6
FLKR Franklin FTSE South Korea ETF 1.6 9 36 10.6 +4.1
BECO BlackRock Future Climate and Sustainable Economy ETF 1.6 70 -25 11.9 +5.5
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 28 7.6 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 -5 13.0 +6.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 4 5.0 -1.5
IQDG WisdomTree International Quality Dividend Growth Fund 1.5 42 3 6.8 +0.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.5 49 -4 16.1 +9.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 6 11.0 +4.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.5 18 27 6.8 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.5 58 -13 6.4 -0.1
ROAM Hartford Multifactor Emerging Markets ETF 1.5 44 1 15.8 +9.3
IBAT iShares Energy Storage & Materials ETF 1.4 47 -2 3.1 -3.4
MDLV Morgan Dempsey Large Cap Value ETF 1.4 58 -13 7.8 +1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 -25 6.2 -0.3
FLHK Franklin FTSE Hong Kong ETF 1.4 9 36 6.8 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.4 7 38 6.7 +0.2
EIPX FT Energy Income Partners Strategy ETF 1.4 95 -50 6.0 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 -4 7.0 +0.5
ASEA Global X FTSE Southeast Asia ETF 1.3 65 -20 6.3 -0.2
THD iShares MSCI Thailand ETF 1.3 58 -13 6.1 -0.3
FTWO Strive FAANG 2.0 ETF 1.3 49 -4 4.7 -1.8
EYLD Cambria Emerging Shareholder Yield ETF 1.3 66 -21 13.2 +6.7
CGGO Capital Group Global Growth Equity ETF 1.3 47 -2 4.6 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 20 6.7 +0.2
FRNW Fidelity Clean Energy ETF 1.3 39 6 2.6 -3.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.2 30 15 7.3 +0.8
AHOY Newday Ocean Health ETF 1.2 75 -30 6.2 -0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.2 45 0 11.0 +4.5
BNE Blue Horizon BNE ETF 1.2 87 -42 4.6 -1.9
GSFP Goldman Sachs Future Planet Equity ETF 1.2 75 -30 4.2 -2.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.2 79 -34 5.1 -1.4
TEMP JPMorgan Climate Change Solutions ETF 1.2 49 -4 5.5 -1.0
HAP VanEck Natural Resources ETF 1.2 50 -5 10.0 +3.5
SMOG VanEck Low Carbon Energy ETF 1.2 61 -16 2.4 -4.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -35 13.0 +6.6
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 20 8.5 +2.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 -4 8.2 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.1 19 26 6.9 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.1 20 25 6.8 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 6 12.5 +6.0
AVES Avantis Emerging Markets Value ETF 1.1 36 9 11.6 +5.1
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 -4 6.5 +0.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.1 85 -40 3.5 -2.9
BCDF Horizon Kinetics Blockchain Development ETF 1.1 85 -40 3.9 -2.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.0 15 30 6.3 -0.2
ROOF IQ CBRE NextGen Real Estate ETF 1.0 60 -15 8.1 +1.7
ECON Columbia Emerging Markets Consumer ETF 1.0 49 -4 7.3 +0.9
PBD Invesco Global Clean Energy ETF 1.0 75 -30 -5.3 -11.7
STXE Strive Emerging Markets Ex-China ETF 1.0 32 13 7.0 +0.5
IVEG iShares Emergent Food and AgTech Multisector ETF 1.0 47 -2 8.0 +1.6
FRDM Freedom 100 Emerging Markets ETF 1.0 49 -4 7.3 +0.8
TINY ProShares Nanotechnology ETF 0.9 58 -13 1.9 -4.6
OAIM OneAscent International Equity ETF 0.9 95 -50 5.1 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 29 6.8 +0.4
EWN iShares MSCI Netherlands ETF 0.9 50 -5 5.1 -1.4
EEM iShares MSCI Emerging Markets ETF 0.9 69 -24 6.9 +0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.9 70 -25 3.5 -2.9
NORW Global X MSCI Norway ETF 0.9 50 -5 7.6 +1.1
ENOR iShares MSCI Norway ETF 0.9 53 -8 7.5 +1.1
ISHP First Trust Nasdaq Retail ETF 0.9 60 -15 2.9 -3.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -4 6.1 -0.3
ESGE iShares ESG Aware MSCI EM ETF 0.9 25 20 7.1 +0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 30 10.2 +3.8
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -17 3.6 -2.9
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 10 7.3 +0.8
XC WisdomTree Emerging Markets Ex-China Fund 0.8 32 13 6.0 -0.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.8 75 -30 7.8 +1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -21 10.0 +3.5
STCE Schwab Crypto Thematic ETF 0.8 30 15 -1.6 -8.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 -14 5.8 -0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -15 9.8 +3.4
FPAG FPA Global Equity ETF 0.8 49 -4 5.4 -1.0
KROP Global X AgTech & Food Innovation ETF 0.8 50 -5 4.7 -1.8
SAGP Strategas Global Policy Opportunities ETF 0.8 65 -20 5.3 -1.2
CANC Tema Oncology ETF 0.8 75 -30 -3.6 -10.0
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.8 75 -30 -1.6 -8.1
SDIV Global X Superdividend ETF 0.8 58 -13 14.9 +8.4
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 36 7.5 +1.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 30 7.2 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.8 11 34 8.4 +1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 4 7.4 +0.9
UAE iShares MSCI UAE ETF 0.7 59 -14 8.4 +2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 9 7.8 +1.4
SCHE Schwab Emerging Markets Equity ETF 0.7 11 34 7.1 +0.6
EWM iShares MSCI Malaysia ETF 0.7 50 -5 5.5 -1.0
AMZA InfraCap MLP ETF 0.7 164 -119 4.2 -2.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 7 7.8 +1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 -4 12.2 +5.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.7 32 13 6.9 +0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 3 8.1 +1.6
EWD iShares MSCI Sweden ETF 0.7 54 -9 6.6 +0.2
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -7 2.8 -3.7
JIG JPMorgan International Growth ETF 0.7 55 -10 4.6 -1.8
PAWZ ProShares Pet Care ETF 0.7 50 -5 3.8 -2.7
OSEA Harbor International Compounders ETF 0.7 55 -10 4.3 -2.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.7 61 -16 1.2 -5.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 13 6.2 -0.3
CGV Conductor Global Equity Value ETF 0.6 130 -85 10.9 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 -14 11.3 +4.8
RXI iShares Global Consumer Discretionary ETF 0.6 41 4 5.4 -1.1
AVEM Avantis Emerging Markets Equity ETF 0.6 33 12 8.9 +2.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.6 45 0 -0.6 -7.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 0 12.3 +5.9
FPXI First Trust International Equity Opportunities ETF 0.6 70 -25 4.9 -1.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -43 7.4 +1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 9 6.5 0.0
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 37 6.9 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 38 7.3 +0.8
XT iShares Exponential Technologies ETF 0.5 46 -1 4.8 -1.7
AIA iShares Asia 50 ETF 0.5 50 -5 6.6 +0.2
DFEV Dimensional Emerging Markets Value ETF 0.5 43 2 11.1 +4.6
CUT Invesco MSCI Global Timber ETF 0.5 61 -16 8.4 +1.9
EFNL iShares MSCI Finland ETF 0.5 56 -11 8.0 +1.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.5 35 10 7.4 +0.9
ENZL iShares MSCI New Zealand ETF 0.4 50 -5 3.7 -2.8
MXI iShares Global Materials ETF 0.4 41 4 7.0 +0.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.4 75 -30 8.2 +1.8
CGUS Capital Group Core Equity ETF 0.4 33 12 4.4 -2.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 12 8.2 +1.8
GVLU Gotham 1000 Value ETF 0.3 50 -5 7.4 +1.0
EXI iShares Global Industrials ETF 0.3 42 3 4.5 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.3 95 -50 10.5 +4.0
RVRB Reverb ETF 0.3 30 15 4.7 -1.8
AVDV Avantis International Small Cap Value ETF 0.3 36 9 8.1 +1.7
IXN iShares Global Tech ETF 0.2 41 4 4.5 -2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 16 5.5 -1.0
NANR SPDR S&P North American Natural Resources ETF 0.1 35 10 7.4 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -30 4.3 -2.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 10.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.60
 
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.