SPDR S&P International Dividend ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 15.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.5x Div.
yield		 4.3%


  • 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) $529
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) $31,268
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
TOTAL SA 2.7 %
EVONIK INDUSTRIES AG 2.1 %
PEMBINA PIPELINE CORP 2.1 %
DCC PLC 2.0 %
VEOLIA ENVIRONNEMENT 1.7 %
ORANGE SA 1.7 %
AMBEV-SA 1.7 %
SNAM RETE GAS 1.7 %
ZURICH FINANCIAL SERVICES AG 1.6 %
SUN LIFE FINANCIAL INC 1.6 %
Total 18.9 %

TOP COUNTRY EXPOSURE
JAPAN 23.4 %
FRANCE 12.2 %
CANADA 8.0 %
AUSTRALIA 7.0 %
BRITAIN 7.0 %
SWITZERLAND 4.2 %
SOUTH AFRICA 3.4 %
TAIWAN 3.3 %
ITALY 3.1 %
GERMANY 2.7 %

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.
6.7% 14.0% 7.7% 7.4% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.46 26%
MSCI EAFE 0.60 71%
MSCI Emg. Mkts. 0.29 36%

Technical Indicators
Recent close $47.88
30d moving avg. $46.51
Annualized volatility 13.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.1%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $3,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 452 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™: 6.6%


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
(%)
EFAV iShares MSCI EAFE Min Vol Factor ETF 20.3 22 23 5.6 -1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 19.7 80 -35 5.2 -1.4
LVHI Franklin International Low Volatility High Dividend Index ET 17.8 40 5 7.3 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 17.5 60 -15 7.6 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 15.7 9 36 7.4 +0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 15.1 32 13 5.2 -1.4
JIVE JPMorgan International Value ETF 13.9 55 -10 8.0 +1.4
GCOW Pacer Global Cash Cows Dividend ETF 13.6 60 -15 9.1 +2.6
WDIV SPDR S&P Global Dividend ETF 13.1 40 5 8.8 +2.3
EDIV SPDR S&P Emerging Markets Dividend ETF 12.9 49 -4 9.0 +2.4
EFV iShares MSCI EAFE Value ETF 12.8 34 11 7.3 +0.7
AIVI WisdomTree International AI Enhanced Value Fund 12.2 58 -13 6.0 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.0 29 16 6.9 +0.3
SCHY Schwab International Dividend Equity ETF 11.8 14 31 8.2 +1.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 11.6 30 15 5.9 -0.6
FDEV Fidelity International Multifactor ETF 11.1 18 27 7.1 +0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 11.1 37 8 7.0 +0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.8 65 -20 7.9 +1.3
IMFL Invesco International Developed Dynamic Multifactor ETF 10.7 34 11 5.1 -1.4
DTH WisdomTree International High Dividend Fund 10.7 58 -13 7.1 +0.5
VYMI Vanguard International High Dividend Yield ETF 10.6 17 28 7.7 +1.1
DFIV Dimensional International Value ETF 10.3 27 18 7.5 +0.9
EWQ iShares MSCI France ETF 9.8 53 -8 6.4 -0.2
DTAN Sparkline International Intangible Value ETF 9.8 55 -10 7.0 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 9.7 9 36 6.5 -0.1
IGRO iShares International Dividend Growth ETF 9.6 15 30 6.5 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 9.3 25 20 7.3 +0.7
IVLU iShares MSCI Intl Value Factor ETF 9.3 30 15 7.8 +1.3
IDOG ALPS International Sector Dividend Dogs ETF 9.3 50 -5 9.1 +2.5
EFAS Global X MSCI SuperDividend EAFE ETF 9.3 57 -12 7.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 9.2 48 -3 5.5 -1.1
FIDI Fidelity International High Dividend ETF 9.1 18 27 6.9 +0.4
IQLT iShares MSCI Intl Quality Factor ETF 9.0 30 15 5.4 -1.2
ESGD iShares ESG Aware MSCI EAFE ETF 8.9 20 25 5.6 -0.9
TPIF Timothy Plan International ETF 8.9 62 -17 5.5 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 8.8 31 14 5.3 -1.2
IEV iShares Europe ETF 8.7 67 -22 5.7 -0.8
IFGL iShares International Developed Real Estate ETF 8.7 48 -3 7.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.7 45 0 6.7 +0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 8.7 83 -38 7.3 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 8.4 9 36 6.1 -0.5
JHMD John Hancock Multifactor Developed International ETF 8.4 39 6 6.1 -0.5
CIL VictoryShares International Volatility Wtd ETF 8.4 45 0 5.9 -0.7
JIRE JPMorgan International Research Enhanced Equity ETF 8.3 24 21 5.6 -0.9
RWX SPDR Dow Jones International Real Estate ETF 8.3 59 -14 7.0 +0.4
FLEE Franklin FTSE Europe ETF 8.2 9 36 6.2 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.2 24 21 6.9 +0.3
VGK Vanguard FTSE Europe ETF 8.2 6 39 6.4 -0.2
FENI Fidelity Enhanced International ETF 8.2 28 17 5.7 -0.9
EFA iShares MSCI EAFE ETF 8.2 35 10 5.6 -0.9
HEFA iShares Currency Hedged MSCI EAFE ETF 8.1 35 10 5.6 -0.9
IEUR iShares Core MSCI Europe ETF 8.1 11 34 6.3 -0.3
INEQ Columbia International Equity Income ETF 8.1 45 0 7.6 +1.0
CGDG Capital Group Dividend Growers ETF 8.0 47 -2 5.1 -1.5
STXI Strive International Developed Markets ETF 7.9 29 16 6.3 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 7.9 46 -1 5.3 -1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.9 10 35 8.4 +1.8
IDV iShares International Select Dividend ETF 7.8 51 -6 9.0 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 7.8 20 25 5.7 -0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.8 47 -2 5.0 -1.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.7 12 33 5.2 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.7 25 20 6.2 -0.4
EWJV iShares MSCI Japan Value ETF 7.7 15 30 6.7 +0.1
IQSI IQ Candriam International Equity ETF 7.7 15 30 5.5 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.6 40 5 5.6 -1.0
RCGE RockCreek Global Equality ETF 7.6 95 -50 5.8 -0.8
IEFA iShares Core MSCI EAFE ETF 7.6 7 38 6.0 -0.6
DWM WisdomTree International Equity Fund 7.5 48 -3 5.5 -1.1
EZU iShares MSCI Eurozone ETF 7.5 52 -7 5.5 -1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.4 50 -5 5.6 -1.0
HEZU iShares Currency Hedged MSCI Eurozone ETF 7.4 53 -8 5.4 -1.2
SPEU SPDR Portfolio Europe ETF 7.4 7 38 6.4 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 7.4 20 25 5.6 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.4 36 9 5.1 -1.4
BKIE BNY Mellon International Equity ETF 7.4 4 41 17.7 +11.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.3 14 31 5.2 -1.4
FTRI First Trust Indxx Global Natural Resources Income ETF 7.3 70 -25 6.9 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 7.3 20 25 5.6 -1.0
IMTM iShares MSCI Intl Momentum Factor ETF 7.3 30 15 4.7 -1.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.2 12 33 8.4 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 7.2 4 41 5.9 -0.6
QINT American Century Quality Diversified International ETF 7.2 39 6 6.5 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.8 25 20 6.0 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.8 29 16 8.7 +2.1
SCHF Schwab International Equity ETF 6.6 6 39 5.9 -0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 6.6 35 10 5.6 -1.0
VEA Vanguard FTSE Developed Markets ETF 6.6 3 42 5.9 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 6.6 20 25 5.5 -1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 6.5 20 25 5.6 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 6.5 3 42 5.8 -0.7
DFAI Dimensional International Core Equity Market ETF 6.5 18 27 5.9 -0.6
FRGN Horizon International Equity ETF 6.5 75 -30 7.8 +1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.4 45 0 5.4 -1.2
FEZ SPDR EURO STOXX 50 ETF 6.3 29 16 5.6 -1.0
DWMF WisdomTree International Multifactor Fund 6.2 38 7 6.8 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.2 39 6 6.2 -0.4
FIVA Fidelity International Value Factor ETF 6.1 18 27 7.1 +0.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.0 46 -1 5.2 -1.4
CGIE Capital Group International Equity ETF 6.0 54 -9 4.5 -2.1
DIM WisdomTree International MidCap Dividend Fund 6.0 58 -13 6.2 -0.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 6.0 19 26 5.2 -1.4
INTF iShares International Equity Factor ETF 5.9 15 30 6.4 -0.2
JXI iShares Global Utilities ETF 5.9 43 2 5.2 -1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 5.8 12 33 4.8 -1.7
CWI SPDR MSCI ACWI ex-US ETF 5.8 30 15 6.4 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 5.8 80 -35 6.4 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 5.8 47 -2 4.8 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 5.8 34 11 6.3 -0.2
AVIV Avantis International Large Cap Value ETF 5.7 25 20 6.8 +0.2
UIVM VictoryShares International Value Momentum ETF 5.7 35 10 7.8 +1.2
IPAC iShares Core MSCI Pacific ETF 5.6 9 36 5.4 -1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.6 46 -1 7.9 +1.3
FKU First Trust United Kingdom AlphaDEX Fund 5.6 80 -35 7.0 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 4 41 6.7 +0.1
IVSI Applied Finance IVS International Large ETF 5.5 65 -20 5.8 -0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.4 25 20 6.2 -0.4
WWJD Inspire International ETF 5.4 80 -35 6.2 -0.4
PATN Pacer Nasdaq International Patent Leaders ETF 5.4 65 -20 4.2 -2.4
DXJ WisdomTree Japan Hedged Equity Fund 5.3 48 -3 5.2 -1.4
VXUS Vanguard Total International Stock ETF 5.2 5 40 6.6 +0.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.2 18 27 6.3 -0.3
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 38 6.6 0.0
IXC iShares Global Energy ETF 5.2 44 1 7.2 +0.6
BINV Brandes International ETF 5.2 70 -25 8.1 +1.6
SCJ iShares MSCI Japan Small-Cap ETF 5.1 50 -5 5.5 -1.1
EWJ iShares MSCI Japan ETF 5.1 50 -5 4.8 -1.7
FLJP Franklin FTSE Japan ETF 5.1 9 36 5.3 -1.2
FJP First Trust Japan AlphaDEX Fund 5.1 80 -35 7.6 +1.0
HEWJ iShares Currency Hedged MSCI Japan ETF 5.1 50 -5 5.3 -1.2
FEP First Trust Europe AlphaDEX Fund 5.1 80 -35 6.7 +0.2
DSTX Distillate International Fundamental Stability & Value ETF 5.0 55 -10 6.4 -0.2
EUDV ProShares MSCI Europe Dividend Growers ETF 5.0 55 -10 5.7 -0.9
DEW WisdomTree Global High Dividend Fund 5.0 58 -13 6.9 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.0 41 4 5.9 -0.6
DIHP Dimensional International High Profitability ETF 5.0 29 16 5.7 -0.9
BBJP JPMorgan BetaBuilders Japan ETF 5.0 19 26 5.3 -1.3
FLJH Franklin FTSE Japan Hedged ETF 5.0 9 36 5.1 -1.5
NXTG First Trust Indxx NextG ETF 4.9 70 -25 3.7 -2.9
VGSR Vert Global Sustainable Real Estate ETF 4.8 47 -2 6.8 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 4.8 30 15 5.1 -1.5
DFSI Dimensional International Sustainability Core 1 ETF 4.8 24 21 5.6 -1.0
AVDE Avantis International Equity ETF 4.8 23 22 6.1 -0.4
ERET iShares Environmentally Aware Real Estate ETF 4.8 30 15 6.6 +0.1
IXP iShares Global Comm Services ETF 4.8 42 3 6.0 -0.6
DFIC Dimensional International Core Equity 2 ETF 4.8 23 22 6.2 -0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.8 40 5 6.3 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.7 39 6 6.9 +0.3
IQRA IQ CBRE Real Assets ETF 4.7 65 -20 5.7 -0.8
IPKW Invesco International BuyBack Achievers ETF 4.7 55 -10 7.8 +1.2
AVSD Avantis Responsible International Equity ETF 4.7 23 22 5.8 -0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.6 47 -2 4.6 -1.9
DXIV Dimensional International Vector Equity ETF 4.6 34 11 6.5 -0.1
PIO Invesco Global Water ETF 4.5 75 -30 4.4 -2.2
TBLU Tortoise Global Water ESG ETF 4.5 40 5 4.5 -2.1
EFRA iShares Environmental Infrastructure and Industrials ETF 4.5 47 -2 4.9 -1.6
VSGX Vanguard ESG International Stock ETF 4.5 10 35 6.6 +0.0
VIDI Vident International Equity Strategy ETF 4.5 61 -16 8.4 +1.8
FLAU Franklin FTSE Australia ETF 4.5 9 36 5.8 -0.8
RWO SPDR Dow Jones Global Real Estate ETF 4.4 50 -5 6.1 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 -2 7.2 +0.6
EBLU Ecofin Global Water ESG Fund 4.4 40 5 4.5 -2.1
KNO AXS Knowledge Leaders ETF 4.4 78 -33 4.0 -2.6
IQDF FlexShares International Quality Dividend Index Fund 4.3 47 -2 7.4 +0.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.3 58 -13 9.1 +2.6
JPXN iShares JPX-Nikkei 400 ETF 4.3 48 -3 5.3 -1.3
VPL Vanguard FTSE Pacific ETF 4.3 7 38 5.3 -1.2
TTAI FCF International Quality ETF 4.2 59 -14 6.9 +0.4
EWA iShares MSCI Australia ETF 4.2 50 -5 5.2 -1.4
GNR SPDR S&P Global Natural Resources ETF 4.1 40 5 8.5 +1.9
DEM WisdomTree Emerging Markets High Dividend Fund 4.1 63 -18 10.4 +3.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.1 65 -20 4.2 -2.4
AVRE Avantis Real Estate ETF 4.1 17 28 6.6 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 4.0 49 -4 4.6 -2.0
FYLD Cambria Foreign Shareholder Yield ETF 4.0 59 -14 9.9 +3.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.0 25 20 5.4 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.0 44 1 9.4 +2.8
VIGI Vanguard International Dividend Appreciation ETF 3.9 10 35 5.9 -0.7
REET iShares Global REIT ETF 3.9 14 31 6.7 +0.1
FICS First Trust International Developed Capital Strength ETF 3.9 70 -25 6.5 -0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.8 70 -25 9.3 +2.7
EWL iShares MSCI Switzerland ETF 3.8 50 -5 5.5 -1.1
FLSW Franklin FTSE Switzerland ETF 3.7 9 36 5.6 -1.0
DFGR Dimensional Global Real Estate ETF 3.7 22 23 6.8 +0.2
IVAL Alpha Architect International Quantitative Value ETF 3.6 49 -4 7.5 +0.9
FLGB Franklin FTSE United Kingdom ETF 3.5 9 36 6.5 -0.0
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -44 4.3 -2.3
EWC iShares MSCI Canada ETF 3.5 50 -5 5.0 -1.5
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.5 48 -3 4.7 -1.8
EZA iShares MSCI South Africa ETF 3.4 58 -13 9.6 +3.0
ASEA Global X FTSE Southeast Asia ETF 3.4 65 -20 5.1 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.4 30 15 6.5 -0.1
FDD First Trust Stoxx European Select Dividend Index Fund 3.4 58 -13 9.4 +2.8
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 6 8.5 +1.9
IDHQ Invesco S&P International Developed High Quality ETF 3.3 29 16 5.0 -1.6
PIEL Pacer International Export Leaders ETF 3.3 60 -15 4.1 -2.5
BKCI BNY Mellon Concentrated International ETF 3.3 80 -35 4.8 -1.7
HEDJ WisdomTree Europe Hedged Equity Fund 3.2 58 -13 6.0 -0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 3.2 58 -13 6.2 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 3.2 42 3 4.0 -2.6
UMI USCF Midstream Energy Income Fund ETF 3.2 85 -40 3.8 -2.8
USAI Pacer American Energy Independence ETF 3.2 75 -30 3.4 -3.1
ENFR Alerian Energy Infrastructure ETF 3.2 35 10 4.2 -2.4
EWU iShares MSCI United Kingdom ETF 3.2 50 -5 7.0 +0.4
EWI iShares MSCI Italy ETF 3.1 50 -5 10.6 +4.0
ROAM Hartford Multifactor Emerging Markets ETF 3.1 44 1 7.9 +1.3
ERTH Invesco MSCI Sustainable Future ETF 3.1 62 -17 3.3 -3.3
QTUM Defiance Quantum ETF 3.1 40 5 3.9 -2.6
IXJ iShares Global Healthcare ETF 3.0 42 3 6.1 -0.4
XT iShares Exponential Technologies ETF 3.0 46 -1 4.0 -2.6
KLMT Invesco MSCI Global Climate 500 ETF 3.0 10 35 4.9 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 33 4.5 -2.1
FSZ First Trust Switzerland AlphaDEX Fund 3.0 80 -35 5.2 -1.4
JHID John Hancock International High Dividend ETF 3.0 46 -1 7.7 +1.1
XCEM Columbia EM Core ex-China ETF 2.9 16 29 5.2 -1.4
TPYP Tortoise North American Pipeline Fund 2.9 40 5 4.8 -1.7
FRDM Freedom 100 Emerging Markets ETF 2.8 49 -4 5.6 -1.0
LDEM iShares ESG MSCI EM Leaders ETF 2.8 17 28 12.9 +6.3
CGW Invesco S&P Global Water Index ETF 2.8 57 -12 4.5 -2.1
AQWA Global X Clean Water ETF 2.8 50 -5 5.0 -1.6
SCZ iShares MSCI EAFE Small-Cap ETF 2.8 40 5 6.1 -0.4
KXI iShares Global Consumer Staples ETF 2.8 41 4 5.3 -1.3
DGT State Street SPDR Global Dow ETF 2.8 50 -5 5.6 -1.0
NDIV Amplify Natural Resources Dividend Income ETF 2.7 59 -14 11.4 +4.9
DIVY Sound Equity Dividend Income ETF 2.7 45 0 7.7 +1.1
RNEM First Trust Emerging Markets Equity Select ETF 2.7 75 -30 7.8 +1.2
IDMO Invesco S&P International Developed Momentum ETF 2.7 25 20 5.1 -1.5
IDNA iShares Genomics Immunology and Healthcare ETF 2.7 47 -2 -0.3 -6.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.7 30 15 7.7 +1.1
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -21 9.2 +2.7
BLES Inspire Global Hope ETF 2.6 61 -16 5.7 -0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.6 39 6 13.4 +6.9
EUFN iShares MSCI Europe Financials ETF 2.6 51 -6 6.4 -0.2
RGEF Rockefeller Global Equity ETF 2.6 55 -10 3.8 -2.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.5 24 21 5.4 -1.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 -20 7.3 +0.7
HART IQ Healthy Hearts ETF 2.4 45 0 5.9 -0.6
XC WisdomTree Emerging Markets Ex-China Fund 2.4 32 13 6.4 -0.2
GQRE FlexShares Global Quality Real Estate Index Fund 2.4 45 0 7.1 +0.6
AFK VanEck Africa Index ETF 2.4 98 -53 11.5 +4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.4 9 36 4.9 -1.7
EFG iShares MSCI EAFE Growth ETF 2.3 36 9 3.8 -2.8
EWUS iShares MSCI United Kingdom Small Cap ETF 2.3 59 -14 7.1 +0.5
EWT iShares MSCI Taiwan ETF 2.3 58 -13 3.1 -3.4
VEXC Vanguard Emerging Markets Ex-China ETF 2.3 7 38 5.8 -0.8
GEW Cambria Global EW ETF 2.3 29 16 5.3 -1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.2 58 -13 3.6 -3.0
PXH Invesco FTSE RAFI Emerging Markets ETF 2.2 49 -4 13.2 +6.7
EWH iShares MSCI Hong Kong ETF 2.2 50 -5 5.1 -1.4
IQDG WisdomTree International Quality Dividend Growth Fund 2.2 42 3 5.6 -0.9
GLOF iShares Global Equity Factor ETF 2.2 20 25 5.6 -1.0
GII SPDR S&P Global Infrastructure ETF 2.2 40 5 4.2 -2.3
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 20 8.4 +1.9
URTH iShares MSCI World ETF 2.2 24 21 4.3 -2.3
EWD iShares MSCI Sweden ETF 2.2 54 -9 5.0 -1.6
STXE Strive Emerging Markets Ex-China ETF 2.2 32 13 5.4 -1.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.2 58 -13 5.2 -1.3
CZAR Themes Natural Monopoly ETF 2.2 35 10 5.2 -1.3
IGF iShares Global Infrastructure ETF 2.2 41 4 4.2 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.2 20 25 4.7 -1.8
IOO iShares Global 100 ETF 2.2 41 4 3.8 -2.8
OCEN IQ Clean Oceans ETF 2.1 45 0 4.6 -2.0
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.1 49 -4 7.6 +1.0
ACWI iShares MSCI ACWI ETF 2.1 32 13 4.7 -1.9
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 30 5.8 -0.8
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 6 6.8 +0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 -35 7.1 +0.6
UMMA Wahed Dow Jones Islamic World ETF 2.1 65 -20 3.6 -2.9
BBCA JPMorgan BetaBuilders Canada ETF 2.1 19 26 5.3 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 29 6.8 +0.2
MDLV Morgan Dempsey Large Cap Value ETF 2.1 58 -13 5.8 -0.8
MLPI NEOS MLP & Engy Infras Hi Inc ETF 2.1 68 -23 4.2 -2.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.0 75 -30 6.5 -0.1
EWM iShares MSCI Malaysia ETF 2.0 50 -5 6.5 -0.1
EWS iShares MSCI Singapore ETF 2.0 50 -5 3.7 -2.9
TOK iShares MSCI Kokusai ETF 2.0 26 19 4.3 -2.3
ICPY Tweedy, Browne International Insider Value ETF 2.0 80 -35 20.5 +13.9
VT Vanguard Total World Stock ETF 2.0 6 39 5.0 -1.6
EIRL iShares MSCI Ireland ETF 2.0 50 -5 6.9 +0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.9 56 -11 9.4 +2.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.9 49 -4 7.8 +1.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 20 5.3 -1.3
FLCA Franklin FTSE Canada ETF 1.9 9 36 5.4 -1.2
OAIM OneAscent International Equity ETF 1.9 95 -50 4.6 -2.0
ECON Columbia Emerging Markets Consumer ETF 1.9 49 -4 6.8 +0.2
DISV Dimensional International Small Cap Value ETF 1.9 42 3 8.0 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 1.9 9 36 4.4 -2.2
IBAT iShares Energy Storage & Materials ETF 1.8 47 -2 1.8 -4.8
FLTW Franklin FTSE Taiwan ETF 1.8 19 26 3.6 -3.0
IXG iShares Global Financials ETF 1.8 42 3 5.8 -0.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.8 35 10 10.3 +3.7
FTAG First Trust Indxx Global Agriculture ETF 1.8 70 -25 7.1 +0.6
EVX VanEck Environmental Services ETF 1.7 55 -10 4.0 -2.6
FTHF First Trust Emerging Markets Human Flourishing ETF 1.7 75 -30 6.1 -0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 -4 6.1 -0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.7 25 20 5.4 -1.2
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 -7 7.7 +1.1
EWZ iShares MSCI Brazil ETF 1.7 58 -13 10.5 +3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.7 67 -22 12.3 +5.7
FLBR Franklin FTSE Brazil ETF 1.7 19 26 11.6 +5.0
FLLA Franklin FTSE Latin America ETF 1.7 19 26 10.5 +4.0
AVES Avantis Emerging Markets Value ETF 1.7 36 9 9.4 +2.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.7 25 20 10.7 +4.1
KOCG FIS Knights of Columbus Global Belief ETF 1.7 75 -30 4.5 -2.0
SCHE Schwab Emerging Markets Equity ETF 1.7 11 34 9.4 +2.9
PRNT 3D Printing ETF 1.6 66 -21 1.2 -5.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.6 30 15 8.2 +1.6
AVDS Avantis International Small Cap Equity ETF 1.6 30 15 6.1 -0.5
DFIS Dimensional International Small Cap ETF 1.6 39 6 6.2 -0.4
IEUS iShares MSCI Europe Small-Cap ETF 1.6 42 3 6.7 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.6 15 30 8.2 +1.6
FGM First Trust Germany AlphaDEX Fund 1.5 80 -35 5.0 -1.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.5 69 -24 7.8 +1.2
GINN Goldman Sachs Innovate Equity ETF 1.5 52 -7 3.7 -2.9
EEM iShares MSCI Emerging Markets ETF 1.5 69 -24 8.0 +1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 -5 8.6 +2.0
FLV American Century Focused Large Cap Value ETF 1.5 42 3 5.7 -0.9
VWO Vanguard FTSE Emerging Markets ETF 1.5 7 38 9.2 +2.6
GLBL Pacer MSCI World Industry Advantage ETF 1.5 65 -20 3.4 -3.2
EWN iShares MSCI Netherlands ETF 1.4 50 -5 4.5 -2.1
DVYA iShares Asia/Pacific Dividend ETF 1.4 49 -4 6.7 +0.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.4 33 12 6.4 -0.2
AQLT iShares MSCI Global Quality Factor ETF 1.4 18 27 0.0 -6.6
COPY Tweedy, Browne Insider + Value ETF 1.4 80 -35 14.3 +7.7
MOTI VanEck Morningstar International Moat ETF 1.4 58 -13 9.7 +3.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -21 7.5 +0.9
JGLO JPMorgan Global Select Equity ETF 1.4 33 12 4.3 -2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 0 9.5 +2.9
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 38 9.5 +3.0
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 34 24.6 +18.1
WLDR Affinity World Leaders Equity ETF 1.4 67 -22 5.7 -0.8
CGGO Capital Group Global Growth Equity ETF 1.3 47 -2 4.1 -2.5
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 36 8.4 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.3 45 0 8.2 +1.7
GINX SGI Enhanced Global Income ETF 1.3 98 -53 6.4 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 4 5.1 -1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -25 7.1 +0.6
CRTC Xtrackers US National Critical Technologies ETF 1.2 35 10 4.2 -2.4
RXI iShares Global Consumer Discretionary ETF 1.2 41 4 8.2 +1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 9 7.8 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 30 9.1 +2.5
KNCT Invesco Next Gen Connectivity ETF 1.2 40 5 3.1 -3.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 10 7.2 +0.7
FPAG FPA Global Equity ETF 1.2 49 -4 5.6 -1.0
CLNR IQ Cleaner Transport ETF 1.2 45 0 4.0 -2.6
SMOG VanEck Low Carbon Energy ETF 1.2 61 -16 1.4 -5.2
EWP iShares MSCI Spain ETF 1.2 50 -5 5.6 -1.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.2 59 -14 2.8 -3.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.2 79 -34 3.7 -2.9
FAN First Trust Global Wind Energy ETF 1.2 60 -15 3.0 -3.6
HAP VanEck Natural Resources ETF 1.2 50 -5 6.8 +0.2
ISCF iShares International SmallCap Equity Factor ETF 1.2 23 22 7.3 +0.7
PID Invesco International Dividend Achievers ETF 1.2 53 -8 4.0 -2.6
DVYE iShares Emerging Markets Dividend ETF 1.1 49 -4 17.6 +11.0
MJSC MUFG Japan Small Cap Active ETF 1.1 85 -40 4.7 -1.9
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 12 6.9 +0.3
FDCF Fidelity Disruptive Communications ETF 1.1 50 -5 1.9 -4.7
EMM Global X Emerging Markets ex-China ETF 1.1 75 -30 5.0 -1.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 4.7 -1.8
TIIV AAM Todd International Intrinsic Value ETF 1.1 54 -9 9.4 +2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 1.1 36 9 6.1 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 1.1 19 26 7.3 +0.8
EINC VanEck Energy Income ETF 1.1 48 -3 4.2 -2.4
AZTD Aztlan Global Stock Selection DM SMID ETF 1.1 75 -30 4.1 -2.4
WSML iShares MSCI World Small-Cap ETF 1.1 15 30 5.4 -1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.1 53 -8 5.4 -1.2
KSA iShares MSCI Saudi Arabia ETF 1.1 74 -29 0.0 -6.6
FLSA Franklin FTSE Saudi Arabia ETF 1.1 39 6 0.0 -6.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 13 4.9 -1.7
MOO VanEck Agribusiness ETF 1.1 53 -8 8.9 +2.4
AVEM Avantis Emerging Markets Equity ETF 1.1 33 12 7.3 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 13 7.7 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -14 8.8 +2.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -33 9.3 +2.8
WTRE WisdomTree New Economy Real Estate Fund 1.0 58 -13 -0.3 -6.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 7 7.3 +0.7
WDNA WisdomTree BioRevolution Fund 1.0 45 0 -2.0 -8.6
HRTS Tema Heart & Health ETF 1.0 75 -30 2.8 -3.8
BMED Future Health ETF 1.0 85 -40 1.1 -5.5
CANC Tema Oncology ETF 1.0 75 -30 -2.2 -8.8
PBD Invesco Global Clean Energy ETF 1.0 75 -30 0.4 -6.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.0 80 -35 3.8 -2.7
FEOE First Eagle Overseas Equity ETF 1.0 79 -34 6.0 -0.6
DIVS SmartETFs Dividend Builder ETF 1.0 65 -20 4.3 -2.3
JIG JPMorgan International Growth ETF 1.0 55 -10 3.7 -2.9
DFJ WisdomTree Japan SmallCap Dividend Fund 1.0 58 -13 6.6 +0.0
FPXI First Trust International Equity Opportunities ETF 0.9 70 -25 4.1 -2.5
FEGE First Eagle Global Equity ETF 0.9 79 -34 5.9 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.9 49 -4 7.7 +1.1
JADE JPMorgan Active Developing Markets Equity ETF 0.9 65 -20 6.1 -0.5
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 -20 3.3 -3.2
AGQI First Trust Active Global Quality Income ETF 0.9 85 -40 6.2 -0.3
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 20 9.2 +2.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.9 58 -13 5.6 -1.0
SCHC Schwab International Small-Cap Equity ETF 0.9 11 34 6.8 +0.2
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -20 24.7 +18.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 4 7.2 +0.6
DFEV Dimensional Emerging Markets Value ETF 0.8 43 2 9.8 +3.2
GVAL Cambria Global Value ETF 0.8 68 -23 8.4 +1.9
POW VistaShares Electrification Supercycle ETF 0.8 75 -30 2.4 -4.2
FDFF Fidelity Disruptive Finance ETF 0.8 50 -5 5.2 -1.4
EIPX FT Energy Income Partners Strategy ETF 0.8 95 -50 5.8 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 12 6.9 +0.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 0.8 80 -35 4.8 -1.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -15 6.5 -0.1
INDY iShares India 50 ETF 0.8 89 -44 5.2 -1.4
INCO Columbia India Consumer ETF 0.8 75 -30 2.0 -4.5
THD iShares MSCI Thailand ETF 0.8 58 -13 0.0 -6.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.8 48 -3 8.9 +2.3
SRET Global X SuperDividend REIT ETF 0.7 59 -14 12.4 +5.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.7 49 -4 8.7 +2.2
EWG iShares MSCI Germany ETF 0.7 50 -5 5.9 -0.7
CGV Conductor Global Equity Value ETF 0.7 130 -85 7.9 +1.3
INDA iShares MSCI India ETF 0.7 65 -20 4.5 -2.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.7 88 -43 8.4 +1.8
MDEV First Trust Indxx Medical Devices ETF 0.6 70 -25 4.8 -1.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 -23 2.2 -4.4
AGNG Global X Aging Population ETF 0.6 50 -5 4.1 -2.4
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -20 4.7 -1.9
AVDV Avantis International Small Cap Value ETF 0.6 36 9 7.9 +1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 37 6.5 -0.0
CUT Invesco MSCI Global Timber ETF 0.6 61 -16 7.9 +1.3
EFNL iShares MSCI Finland ETF 0.6 56 -11 5.9 -0.7
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 -15 3.3 -3.3
GPT Intelligent Alpha Atlas ETF 0.6 69 -24 6.2 -0.4
EIPI FT Energy Income Partners Enhanced Income ETF 0.5 110 -65 5.4 -1.2
MXI iShares Global Materials ETF 0.5 41 4 6.2 -0.4
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 -30 7.4 +0.8
EWY iShares MSCI South Korea ETF 0.5 58 -13 3.8 -2.8
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.5 60 -15 5.4 -1.2
INDS Pacer Industrial Real Estate ETF 0.5 55 -10 5.8 -0.8
BKF iShares MSCI BIC ETF 0.5 69 -24 14.5 +7.9
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 6 7.7 +1.1
FLIN Franklin FTSE India ETF 0.5 19 26 4.1 -2.5
GVLU Gotham 1000 Value ETF 0.4 50 -5 7.9 +1.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -45 3.9 -2.7
FVD First Trust Value Line Dividend Index Fund 0.4 65 -20 5.5 -1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 16 7.2 +0.6
EPI WisdomTree India Earnings Fund 0.4 85 -40 5.1 -1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -50 10.1 +3.5
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -13 7.4 +0.8
FLKR Franklin FTSE South Korea ETF 0.3 9 36 4.7 -1.8
WRND IQ Global Equity R&D Leaders ETF 0.3 18 27 4.1 -2.5
FLGR Franklin FTSE Germany ETF 0.2 9 36 6.6 +0.0
TRFM AAM Transformers ETF 0.2 49 -4 1.0 -5.6
EXI iShares Global Industrials ETF 0.2 42 3 3.5 -3.0
IXN iShares Global Tech ETF 0.2 41 4 2.8 -3.8
AKAF The Frontier Economic Fund 0.2 20 25 5.3 -1.3
SHPP Pacer Industrials and Logistics ETF 0.2 60 -15 6.6 +0.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -35 9.7 +3.1
ALRG Allspring LT Large Core ETF 0.1 28 17 3.5 -3.1
GWX SPDR S&P International Small Cap ETF 0.1 40 5 6.1 -0.4
RVRB Reverb ETF 0.1 30 15 3.6 -3.0

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:

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 1.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.64
 
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.