SPDR S&P International Dividend ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.5x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 4.9%


  • 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) $489
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) $29,710
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
NEDBANK GROUP LTD 2.0 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
AUST AND NZ BANKING GROUP 1.8 %
TOTAL SA 1.8 %
LAND SECURITIES GROUP PLC 1.7 %
SNAM RETE GAS 1.7 %
ORANGE SA 1.6 %
AMBEV-SA 1.5 %
PEMBINA PIPELINE CORP 1.5 %
BOUYGUES SA 1.5 %
Total 17.0 %

TOP COUNTRY EXPOSURE
JAPAN 26.1 %
FRANCE 10.4 %
BRITAIN 8.1 %
CANADA 6.9 %
AUSTRALIA 6.8 %
SINGAPORE 4.8 %
SWITZERLAND 4.2 %
SOUTH AFRICA 4.2 %
ITALY 3.0 %
MALAYSIA 2.6 %

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.
23.0% 17.8% 9.4% 6.0% 1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.48 23%
MSCI EAFE 0.59 46%
MSCI Emg. Mkts. 0.55 47%

Technical Indicators
Recent close $43.06
30d moving avg. $42.91
Annualized volatility 13.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.2%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $3,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 450 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™: 7.3%


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
(%)
IDLV Invesco S&P International Developed Low Volatility ETF 23.9 25 20 6.6 -0.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 23.9 80 -35 6.1 -1.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 20.8 22 23 5.9 -1.3
LVHI Franklin International Low Volatility High Dividend Index ET 16.7 40 5 9.6 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 16.7 32 13 6.0 -1.3
RWX SPDR Dow Jones International Real Estate ETF 15.9 59 -14 7.0 -0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 15.7 29 16 7.7 +0.4
DWMF WisdomTree International Multifactor Fund 15.3 38 7 7.1 -0.2
VWID Virtus WMC International Dividend ETF 15.3 49 -4 8.0 +0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 14.6 9 36 8.8 +1.5
FID First Trust S&P International Dividend Aristocrats ETF 14.0 60 -15 7.6 +0.4
EDIV SPDR S&P Emerging Markets Dividend ETF 14.0 49 -4 9.4 +2.2
DOL WisdomTree International LargeCap Dividend Fund 13.8 48 -3 7.0 -0.3
EFV iShares MSCI EAFE Value ETF 13.6 34 11 8.7 +1.5
DIVI Franklin International Core Dividend Tilt Index ETF 13.3 9 36 7.8 +0.5
FDEV Fidelity International Multifactor ETF 13.3 18 27 7.5 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 13.0 30 15 6.9 -0.4
WDIV SPDR S&P Global Dividend ETF 12.8 40 5 9.0 +1.7
DTH WisdomTree International High Dividend Fund 12.7 58 -13 8.1 +0.8
IFGL iShares International Developed Real Estate ETF 12.0 48 -3 7.0 -0.2
VYMI Vanguard International High Dividend Yield ETF 12.0 17 28 9.2 +1.9
JPIN J.P. Morgan Diversified Return International Equity ETF 12.0 37 8 7.9 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.8 40 5 7.2 -0.1
DWM WisdomTree International Equity Fund 11.6 48 -3 7.2 -0.1
GCOW Pacer Global Cash Cows Dividend ETF 11.0 60 -15 10.4 +3.1
ESGD iShares ESG Aware MSCI EAFE ETF 10.9 20 25 6.6 -0.7
JHMD John Hancock Multifactor Developed International ETF 10.8 39 6 7.3 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 10.6 31 14 6.1 -1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 10.5 10 35 6.8 -0.5
JIRE JPMorgan International Research Enhanced Equity ETF 10.4 24 21 7.0 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.3 14 31 6.1 -1.2
GSID Goldman Sachs MarketBeta International Equity ETF 10.0 20 25 6.6 -0.6
DFIV Dimensional International Value ETF 10.0 27 18 9.1 +1.8
HFXI IQ FTSE International Equity Currency Neutral ETF 9.9 20 25 6.7 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.9 25 20 7.2 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 9.8 46 -1 6.6 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 9.8 9 36 7.1 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.7 36 9 6.4 -0.9
IGRO iShares International Dividend Growth ETF 9.7 15 30 7.1 -0.2
CIL VictoryShares International Volatility Wtd ETF 9.7 45 0 6.4 -0.8
IVLU iShares MSCI Intl Value Factor ETF 9.6 30 15 9.8 +2.5
PPIE Putnam PanAgora ESG International Equity ETF 9.6 49 -4 7.2 -0.0
IEV iShares Europe ETF 9.6 67 -22 6.7 -0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 9.6 83 -38 9.1 +1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.5 50 -5 6.0 -1.3
FLEE Franklin FTSE Europe ETF 9.4 9 36 7.1 -0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 9.3 24 21 7.3 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.3 45 0 8.5 +1.3
EFA iShares MSCI EAFE ETF 9.3 35 10 6.5 -0.7
BKIE BNY Mellon International Equity ETF 9.3 4 41 6.8 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 9.2 25 20 9.2 +1.9
SCHY Schwab International Dividend Equity ETF 9.2 14 31 9.4 +2.1
RODE Hartford Multifactor Diversified International ETF 9.2 29 16 10.3 +3.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.0 12 33 8.3 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 9.0 83 -38 10.1 +2.9
IEUR iShares Core MSCI Europe ETF 8.9 11 34 7.2 -0.1
VGK Vanguard FTSE Europe ETF 8.9 6 39 7.4 +0.1
STXI Strive International Developed Markets ETF 8.9 29 16 6.5 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 8.9 34 11 5.7 -1.5
DTAN Sparkline International Intangible Value ETF 8.7 55 -10 8.2 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.7 25 20 7.0 -0.3
IEFA iShares Core MSCI EAFE ETF 8.5 7 38 6.9 -0.4
SPEU SPDR Portfolio Europe ETF 8.4 7 38 7.3 0.0
IQLT iShares MSCI Intl Quality Factor ETF 8.4 30 15 6.3 -1.0
IQRA IQ CBRE Real Assets ETF 8.4 65 -20 5.7 -1.5
FENI Fidelity Enhanced International ETF 8.4 28 17 6.3 -1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.2 39 6 6.4 -0.8
FIVA Fidelity International Value Factor ETF 8.2 18 27 9.4 +2.2
INEQ Columbia International Equity Income ETF 8.1 45 0 7.7 +0.4
EWQ iShares MSCI France ETF 8.1 53 -8 6.9 -0.4
IQSI IQ Candriam International Equity ETF 8.1 15 30 6.3 -0.9
TPIF Timothy Plan International ETF 7.9 62 -17 6.1 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 7.9 4 41 6.8 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 7.8 20 25 6.3 -1.0
AIVI WisdomTree International AI Enhanced Value Fund 7.7 58 -13 6.9 -0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 7.6 35 10 6.4 -0.9
SCHF Schwab International Equity ETF 7.5 6 39 7.0 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.4 45 0 6.8 -0.5
VEA Vanguard FTSE Developed Markets ETF 7.4 3 42 7.0 -0.3
SPDW SPDR Portfolio Developed World ex-US ETF 7.4 3 42 6.8 -0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.2 47 -2 5.7 -1.5
RCGE RockCreek Global Equality ETF 7.2 95 -50 6.8 -0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 7.2 18 27 7.4 +0.1
INTF iShares International Equity Factor ETF 7.2 15 30 7.5 +0.2
EZU iShares MSCI Eurozone ETF 7.1 52 -7 6.6 -0.7
DIM WisdomTree International MidCap Dividend Fund 7.1 58 -13 7.2 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.1 41 4 7.2 -0.1
QINT American Century Quality Diversified International ETF 7.0 39 6 6.9 -0.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.0 12 33 6.0 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 6.9 50 -5 11.6 +4.4
BINV Brandes International ETF 6.9 70 -25 9.2 +2.0
ACWV iShares MSCI Global Min Vol Factor ETF 6.9 20 25 5.9 -1.3
IDV iShares International Select Dividend ETF 6.9 51 -6 10.2 +2.9
DFAI Dimensional International Core Equity Market ETF 6.9 18 27 6.9 -0.3
VGSR Vert Global Sustainable Real Estate ETF 6.9 47 -2 7.8 +0.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 6.8 19 26 5.6 -1.7
EWJV iShares MSCI Japan Value ETF 6.7 15 30 8.2 +0.9
FEUZ First Trust Eurozone AlphaDEX ETF 6.7 80 -35 7.9 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.6 29 16 9.0 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 6.6 34 11 7.5 +0.2
CWI SPDR MSCI ACWI ex-US ETF 6.6 30 15 7.5 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 6.6 20 25 6.2 -1.0
WWJD Inspire International ETF 6.4 80 -35 7.2 -0.1
IQDF FlexShares International Quality Dividend Index Fund 6.4 47 -2 8.6 +1.3
EPP iShares MSCI Pacific ex-Japan ETF 6.3 47 -2 5.4 -1.9
FLJP Franklin FTSE Japan ETF 6.3 9 36 5.9 -1.3
FLJH Franklin FTSE Japan Hedged ETF 6.2 9 36 5.8 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 6.2 4 41 7.8 +0.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.1 25 20 6.0 -1.3
ERET iShares Environmentally Aware Real Estate ETF 6.0 30 15 7.3 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 6.0 12 33 5.4 -1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.0 47 -2 8.0 +0.8
IPAC iShares Core MSCI Pacific ETF 6.0 9 36 6.2 -1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.0 46 -1 5.6 -1.6
BBJP JPMorgan BetaBuilders Japan ETF 6.0 19 26 6.2 -1.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.9 25 20 6.5 -0.8
AVIV Avantis International Large Cap Value ETF 5.9 25 20 8.4 +1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 5.9 55 -10 6.3 -1.0
VXUS Vanguard Total International Stock ETF 5.9 5 40 7.8 +0.5
IXUS iShares Core MSCI Total International Stock ETF 5.9 7 38 7.7 +0.4
KNO AXS Knowledge Leaders ETF 5.8 78 -33 5.9 -1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.8 39 6 7.8 +0.5
BLLD JPMorgan Sustainable Infrastructure ETF 5.8 49 -4 5.9 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 5.8 50 -5 7.0 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.8 47 -2 5.7 -1.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.8 25 20 6.3 -0.9
EFAS Global X MSCI SuperDividend EAFE ETF 5.7 57 -12 8.7 +1.4
DIHP Dimensional International High Profitability ETF 5.7 29 16 6.8 -0.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.6 65 -20 10.4 +3.2
DEW WisdomTree Global High Dividend Fund 5.6 58 -13 8.3 +1.1
UIVM VictoryShares International Value Momentum ETF 5.6 35 10 8.4 +1.2
JXI iShares Global Utilities ETF 5.6 43 2 5.6 -1.7
PATN Pacer Nasdaq International Patent Leaders ETF 5.5 65 -20 5.5 -1.8
FEP First Trust Europe AlphaDEX Fund 5.5 80 -35 8.3 +1.0
VSGX Vanguard ESG International Stock ETF 5.5 10 35 7.6 +0.4
CGDG Capital Group Dividend Growers ETF 5.3 47 -2 6.1 -1.1
FIDI Fidelity International High Dividend ETF 5.3 18 27 8.3 +1.0
EWJ iShares MSCI Japan ETF 5.3 50 -5 5.7 -1.5
TTAI FCF International Quality ETF 5.3 59 -14 7.3 +0.0
SCJ iShares MSCI Japan Small-Cap ETF 5.2 50 -5 6.8 -0.5
AVRE Avantis Real Estate ETF 5.2 17 28 7.4 +0.1
DSTX Distillate International Fundamental Stability & Value ETF 5.2 55 -10 7.7 +0.5
ASEA Global X FTSE Southeast Asia ETF 5.1 65 -20 6.3 -0.9
FEZ SPDR EURO STOXX 50 ETF 5.1 29 16 6.5 -0.7
VPL Vanguard FTSE Pacific ETF 5.1 7 38 6.5 -0.8
FLAU Franklin FTSE Australia ETF 5.0 9 36 6.4 -0.9
JIVE JPMorgan International Value ETF 5.0 55 -10 11.0 +3.8
BKCI BNY Mellon Concentrated International ETF 5.0 80 -35 5.2 -2.1
ESGG FlexShares STOXX Global ESG Select Index Fund 5.0 42 3 5.4 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 4.9 30 15 5.9 -1.4
AVDE Avantis International Equity ETF 4.9 23 22 7.2 -0.1
GQRE FlexShares Global Quality Real Estate Index Fund 4.9 45 0 8.0 +0.8
XCEM Columbia EM Core ex-China ETF 4.9 16 29 7.8 +0.5
HEDJ WisdomTree Europe Hedged Equity Fund 4.8 58 -13 6.6 -0.7
DXJ WisdomTree Japan Hedged Equity Fund 4.8 48 -3 6.8 -0.5
EWS iShares MSCI Singapore ETF 4.8 50 -5 4.9 -2.4
REET iShares Global REIT ETF 4.8 14 31 7.7 +0.4
VIGI Vanguard International Dividend Appreciation ETF 4.8 10 35 6.5 -0.8
DXIV Dimensional International Vector Equity ETF 4.7 34 11 7.7 +0.4
DFIC Dimensional International Core Equity 2 ETF 4.7 23 22 7.2 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.7 40 5 6.7 -0.5
FDD First Trust Stoxx European Select Dividend Index Fund 4.7 58 -13 11.4 +4.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.7 46 -1 9.7 +2.5
DFSI Dimensional International Sustainability Core 1 ETF 4.6 24 21 6.3 -1.0
NXTG First Trust Indxx NextG ETF 4.5 70 -25 5.2 -2.1
AVSD Avantis Responsible International Equity ETF 4.5 23 22 5.2 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.5 44 1 10.5 +3.3
DFGR Dimensional Global Real Estate ETF 4.5 22 23 7.8 +0.6
EWA iShares MSCI Australia ETF 4.4 50 -5 6.1 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 4.3 30 15 5.6 -1.7
IDHQ Invesco S&P International Developed High Quality ETF 4.3 29 16 6.5 -0.7
CCNR ALPS CoreCommodity Natural Resources ETF 4.3 39 6 9.5 +2.2
FLGB Franklin FTSE United Kingdom ETF 4.3 9 36 7.4 +0.1
JPXN iShares JPX-Nikkei 400 ETF 4.3 48 -3 6.4 -0.9
CGIE Capital Group International Equity ETF 4.2 54 -9 5.0 -2.2
FKU First Trust United Kingdom AlphaDEX Fund 4.2 80 -35 7.9 +0.6
EZA iShares MSCI South Africa ETF 4.2 58 -13 9.9 +2.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.2 65 -20 4.8 -2.5
EWU iShares MSCI United Kingdom ETF 4.1 50 -5 8.0 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 4.0 49 -4 5.1 -2.2
FYLD Cambria Foreign Shareholder Yield ETF 4.0 59 -14 11.4 +4.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 3.9 24 21 7.4 +0.2
SRET Global X SuperDividend REIT ETF 3.8 59 -14 12.3 +5.0
ERTH Invesco MSCI Sustainable Future ETF 3.8 62 -17 3.5 -3.7
VIDI Vident International Equity Strategy ETF 3.8 61 -16 10.6 +3.3
IXP iShares Global Comm Services ETF 3.8 42 3 6.0 -1.3
IXC iShares Global Energy ETF 3.7 44 1 10.0 +2.7
KLMT Invesco MSCI Global Climate 500 ETF 3.6 10 35 5.7 -1.5
UMMA Wahed Dow Jones Islamic World ETF 3.6 65 -20 5.0 -2.3
EBLU Ecofin Global Water ESG Fund 3.5 40 5 4.6 -2.6
CGW Invesco S&P Global Water Index ETF 3.5 57 -12 4.8 -2.5
PIO Invesco Global Water ETF 3.5 75 -30 4.5 -2.7
EFRA iShares Environmental Infrastructure and Industrials ETF 3.5 47 -2 5.5 -1.8
TBLU Tortoise Global Water ESG ETF 3.5 40 5 4.7 -2.6
KXI iShares Global Consumer Staples ETF 3.5 41 4 5.8 -1.5
FLSW Franklin FTSE Switzerland ETF 3.5 9 36 6.3 -1.0
EWL iShares MSCI Switzerland ETF 3.5 50 -5 6.2 -1.1
FRDM Freedom 100 Emerging Markets ETF 3.5 49 -4 7.5 +0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 15 7.6 +0.4
EFG iShares MSCI EAFE Growth ETF 3.4 36 9 4.4 -2.9
MOTG VanEck Morningstar Global Wide Moat ETF 3.4 52 -7 9.0 +1.8
FICS First Trust International Developed Capital Strength ETF 3.4 70 -25 7.4 +0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -33 9.1 +1.9
BLES Inspire Global Hope ETF 3.3 61 -16 7.0 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.3 30 15 8.8 +1.6
DVYA iShares Asia/Pacific Dividend ETF 3.2 49 -4 7.5 +0.2
WRND IQ Global Equity R&D Leaders ETF 3.2 18 27 7.8 +0.6
JHID John Hancock International High Dividend ETF 3.2 46 -1 8.7 +1.5
ROAM Hartford Multifactor Emerging Markets ETF 3.2 44 1 11.2 +4.0
IXJ iShares Global Healthcare ETF 3.2 42 3 6.6 -0.6
STXE Strive Emerging Markets Ex-China ETF 3.1 32 13 7.5 +0.2
FSZ First Trust Switzerland AlphaDEX Fund 3.0 80 -35 6.5 -0.7
QTUM Defiance Quantum ETF 3.0 40 5 5.7 -1.6
EWI iShares MSCI Italy ETF 3.0 50 -5 10.9 +3.6
GNR SPDR S&P Global Natural Resources ETF 2.9 40 5 10.6 +3.3
IDMO Invesco S&P International Developed Momentum ETF 2.9 25 20 6.0 -1.3
CZAR Themes Natural Monopoly ETF 2.8 35 10 5.7 -1.5
EWC iShares MSCI Canada ETF 2.8 50 -5 6.1 -1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.8 58 -13 6.7 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.8 12 33 5.2 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.7 39 6 15.6 +8.3
MOTI VanEck Morningstar International Moat ETF 2.7 58 -13 11.0 +3.7
OCEN IQ Clean Oceans ETF 2.7 45 0 5.1 -2.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.7 75 -30 9.8 +2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 2.7 36 9 7.3 +0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.7 65 -20 8.3 +1.0
DGT State Street SPDR Global Dow ETF 2.7 50 -5 6.7 -0.6
EMXF iShares ESG Advanced MSCI EM ETF 2.6 16 29 8.1 +0.8
ICPY Tweedy, Browne International Insider Value ETF 2.6 80 -35 0.0 -7.3
EWM iShares MSCI Malaysia ETF 2.6 50 -5 6.4 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.6 20 25 9.9 +2.7
EMXC iShares MSCI Emerging Markets ex China ETF 2.6 25 20 7.1 -0.2
KOCG FIS Knights of Columbus Global Belief ETF 2.6 75 -30 4.9 -2.4
SCZ iShares MSCI EAFE Small-Cap ETF 2.6 40 5 7.0 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 2.6 75 -30 8.5 +1.2
IOO iShares Global 100 ETF 2.5 41 4 4.6 -2.6
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 6 5.8 -1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 2.5 15 30 7.3 +0.1
BBCA JPMorgan BetaBuilders Canada ETF 2.5 19 26 6.3 -0.9
UMI USCF Midstream Energy Income Fund ETF 2.5 85 -40 5.8 -1.5
ENFR Alerian Energy Infrastructure ETF 2.5 35 10 6.2 -1.1
USAI Pacer American Energy Independence ETF 2.5 75 -30 4.9 -2.3
GEW Cambria Global EW ETF 2.5 29 16 0.0 -7.3
TPYP Tortoise North American Pipeline Fund 2.4 40 5 6.0 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 2.4 9 36 5.2 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.4 9 36 5.7 -1.6
HART IQ Healthy Hearts ETF 2.4 45 0 6.4 -0.9
ECON Columbia Emerging Markets Consumer ETF 2.4 49 -4 11.9 +4.6
IVAL Alpha Architect International Quantitative Value ETF 2.4 49 -4 10.6 +3.3
EWD iShares MSCI Sweden ETF 2.4 54 -9 5.5 -1.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.4 80 -35 8.8 +1.5
URTH iShares MSCI World ETF 2.4 24 21 5.1 -2.2
FTRI First Trust Indxx Global Natural Resources Income ETF 2.4 70 -25 7.9 +0.6
AQWA Global X Clean Water ETF 2.4 50 -5 5.2 -2.0
JSTC Adasina Social Justice All Cap Global ETF 2.4 89 -44 5.2 -2.1
EWT iShares MSCI Taiwan ETF 2.4 58 -13 6.0 -1.3
JDOC JPMorgan Healthcare Leaders ETF 2.4 65 -20 3.8 -3.5
JHEM John Hancock Multifactor Emerging Markets ETF 2.4 49 -4 9.6 +2.3
EWH iShares MSCI Hong Kong ETF 2.4 50 -5 5.2 -2.1
ACWI iShares MSCI ACWI ETF 2.3 32 13 5.5 -1.8
GLOF iShares Global Equity Factor ETF 2.3 20 25 6.8 -0.4
EUFN iShares MSCI Europe Financials ETF 2.3 51 -6 8.0 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 2.3 17 28 14.0 +6.8
FJP First Trust Japan AlphaDEX Fund 2.3 80 -35 8.4 +1.1
AFK VanEck Africa Index ETF 2.3 98 -53 15.0 +7.7
FDEM Fidelity Emerging Markets Multifactor ETF 2.3 25 20 12.2 +5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.3 32 13 6.5 -0.8
FLTW Franklin FTSE Taiwan ETF 2.3 19 26 6.2 -1.1
XT iShares Exponential Technologies ETF 2.3 46 -1 4.8 -2.5
FLCA Franklin FTSE Canada ETF 2.2 9 36 6.5 -0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.2 50 -5 10.4 +3.1
IDNA iShares Genomics Immunology and Healthcare ETF 2.2 47 -2 -2.2 -9.5
TOK iShares MSCI Kokusai ETF 2.2 26 19 5.1 -2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 2.2 49 -4 15.0 +7.8
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 20 9.4 +2.2
VT Vanguard Total World Stock ETF 2.1 6 39 5.9 -1.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.1 15 30 7.6 +0.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.1 63 -18 13.0 +5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.1 58 -13 4.6 -2.7
IGF iShares Global Infrastructure ETF 2.1 41 4 4.7 -2.6
GII SPDR S&P Global Infrastructure ETF 2.1 40 5 4.7 -2.6
FTHF First Trust Emerging Markets Human Flourishing ETF 2.0 75 -30 9.4 +2.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.0 75 -30 7.1 -0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.0 58 -13 8.8 +1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.0 66 -21 9.0 +1.7
WDNA WisdomTree BioRevolution Fund 2.0 45 0 -2.3 -9.5
JGLO JPMorgan Global Select Equity ETF 2.0 33 12 5.1 -2.2
EMMF WisdomTree Emerging Markets Multifactor Fund 2.0 48 -3 7.1 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 2.0 30 15 9.8 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.9 15 30 9.8 +2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.9 20 25 5.7 -1.6
COPY Tweedy, Browne Insider + Value ETF 1.9 80 -35 12.1 +4.8
DIVS SmartETFs Dividend Builder ETF 1.9 65 -20 5.1 -2.2
SCHE Schwab Emerging Markets Equity ETF 1.9 11 34 10.7 +3.4
WLDR Affinity World Leaders Equity ETF 1.9 67 -22 7.4 +0.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.9 11 34 9.4 +2.1
EYLD Cambria Emerging Shareholder Yield ETF 1.9 66 -21 11.8 +4.6
GLBL Pacer MSCI World Industry Advantage ETF 1.9 65 -20 4.3 -2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 -4 7.0 -0.2
CGXU Capital Group International Focus Equity ETF 1.8 54 -9 5.6 -1.6
EEM iShares MSCI Emerging Markets ETF 1.8 69 -24 9.6 +2.4
IXG iShares Global Financials ETF 1.8 42 3 6.8 -0.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.8 41 4 6.5 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.7 45 0 9.7 +2.5
KNCT Invesco Next Gen Connectivity ETF 1.7 40 5 4.8 -2.5
OAIM OneAscent International Equity ETF 1.7 95 -50 5.6 -1.7
IBAT iShares Energy Storage & Materials ETF 1.7 47 -2 2.8 -4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 9 9.2 +2.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 0 10.3 +3.0
AVES Avantis Emerging Markets Value ETF 1.6 36 9 10.9 +3.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.6 70 -25 12.0 +4.8
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 38 10.3 +3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 -15 8.0 +0.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.6 35 10 16.5 +9.2
MOO VanEck Agribusiness ETF 1.6 53 -8 10.9 +3.7
DISV Dimensional International Small Cap Value ETF 1.6 42 3 9.1 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 36 9.9 +2.6
FLBR Franklin FTSE Brazil ETF 1.5 19 26 14.0 +6.7
FLLA Franklin FTSE Latin America ETF 1.5 19 26 12.5 +5.3
EWZ iShares MSCI Brazil ETF 1.5 58 -13 12.3 +5.0
INDS Pacer Industrial Real Estate ETF 1.5 55 -10 6.8 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 -25 8.6 +1.3
IVRA Invesco Real Assets ESG ETF 1.5 59 -14 6.5 -0.8
NDIV Amplify Natural Resources Dividend Income ETF 1.5 59 -14 12.6 +5.3
MDLV Morgan Dempsey Large Cap Value ETF 1.5 58 -13 7.3 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 26 8.5 +1.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.5 53 -8 7.3 +0.1
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 38 10.5 +3.3
FLN First Trust Latin America AlphaDEX Fund 1.5 80 -35 11.3 +4.0
DFIS Dimensional International Small Cap ETF 1.5 39 6 7.2 -0.1
XC WisdomTree Emerging Markets Ex-China Fund 1.5 32 13 5.5 -1.8
DVYE iShares Emerging Markets Dividend ETF 1.4 49 -4 18.0 +10.8
MJSC MUFG Japan Small Cap Active ETF 1.4 85 -40 0.0 -7.3
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 10 8.7 +1.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.4 33 12 8.2 +1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.4 56 -11 10.6 +3.3
FTAG First Trust Indxx Global Agriculture ETF 1.4 70 -25 8.4 +1.1
EMM Global X Emerging Markets ex-China ETF 1.3 75 -30 7.3 +0.1
FLHK Franklin FTSE Hong Kong ETF 1.3 9 36 4.3 -2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.3 59 -14 8.7 +1.4
POW VistaShares Electrification Supercycle ETF 1.3 75 -30 3.7 -3.6
FGM First Trust Germany AlphaDEX Fund 1.3 80 -35 7.1 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.2 58 -13 6.5 -0.8
GINN Goldman Sachs Innovate Equity ETF 1.2 52 -7 3.8 -3.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 0 1.4 -5.9
IPKW Invesco International BuyBack Achievers ETF 1.2 55 -10 9.1 +1.8
EIRL iShares MSCI Ireland ETF 1.2 50 -5 8.1 +0.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.2 58 -13 7.4 +0.1
RXI iShares Global Consumer Discretionary ETF 1.2 41 4 8.5 +1.3
DFJ WisdomTree Japan SmallCap Dividend Fund 1.1 58 -13 7.3 +0.0
FDCF Fidelity Disruptive Communications ETF 1.1 50 -5 4.5 -2.8
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 6.5 -0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 7 8.7 +1.5
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 20 10.9 +3.6
SCHC Schwab International Small-Cap Equity ETF 1.1 11 34 7.7 +0.4
PRNT 3D Printing ETF 1.1 66 -21 2.0 -5.3
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -30 7.6 +0.4
CANC Tema Oncology ETF 1.1 75 -30 -2.5 -9.7
HRTS Tema Heart & Health ETF 1.1 75 -30 2.1 -5.2
ITOL Tema International Durable Quality ETF 1.1 60 -15 5.9 -1.3
CLNR IQ Cleaner Transport ETF 1.1 45 0 5.0 -2.2
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -30 4.2 -3.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 -34 5.2 -2.1
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 -4 5.6 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 -14 4.2 -3.0
AGQI First Trust Active Global Quality Income ETF 1.1 85 -40 4.6 -2.6
FAN First Trust Global Wind Energy ETF 1.1 60 -15 4.2 -3.0
HAP VanEck Natural Resources ETF 1.1 50 -5 9.0 +1.8
SMOG VanEck Low Carbon Energy ETF 1.1 61 -16 1.7 -5.6
EWP iShares MSCI Spain ETF 1.1 50 -5 6.9 -0.4
ICLN iShares Global Clean Energy ETF 1.1 41 4 3.4 -3.9
VOLT Tema Electrification ETF 1.1 75 -30 3.7 -3.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.1 42 3 6.7 -0.6
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -27 7.5 +0.3
PID Invesco International Dividend Achievers ETF 1.1 53 -8 5.3 -2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 13 8.5 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 -4 9.2 +1.9
EWN iShares MSCI Netherlands ETF 1.0 50 -5 5.5 -1.8
IEUS iShares MSCI Europe Small-Cap ETF 1.0 42 3 7.5 +0.3
ISCF iShares International SmallCap Equity Factor ETF 1.0 23 22 8.3 +1.0
FLSA Franklin FTSE Saudi Arabia ETF 1.0 39 6 0.0 -7.3
KSA iShares MSCI Saudi Arabia ETF 1.0 74 -29 0.0 -7.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.0 68 -23 2.2 -5.1
SAGP Strategas Global Policy Opportunities ETF 1.0 65 -20 5.6 -1.7
MDEV First Trust Indxx Medical Devices ETF 1.0 70 -25 4.7 -2.5
AGNG Global X Aging Population ETF 1.0 50 -5 4.5 -2.7
KAT Scharf ETF 1.0 87 -42 6.1 -1.2
FEGE First Eagle Global Equity ETF 1.0 79 -34 6.7 -0.6
FEOE First Eagle Overseas Equity ETF 1.0 79 -34 7.2 -0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 1.0 29 16 7.7 +0.4
AVSE Avantis Responsible Emerging Markets Equity ETF 1.0 33 12 8.1 +0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 4 8.3 +1.1
EINC VanEck Energy Income ETF 0.9 48 -3 5.8 -1.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.9 75 -30 10.5 +3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 12 9.4 +2.2
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 -11 2.8 -4.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.9 60 -15 6.0 -1.3
FDFF Fidelity Disruptive Finance ETF 0.9 50 -5 4.7 -2.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 -14 7.8 +0.5
FPAG FPA Global Equity ETF 0.9 49 -4 5.9 -1.4
AVEM Avantis Emerging Markets Equity ETF 0.9 33 12 8.3 +1.1
GVAL Cambria Global Value ETF 0.9 68 -23 10.7 +3.4
THD iShares MSCI Thailand ETF 0.9 58 -13 0.0 -7.3
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -35 11.7 +4.5
JRE Janus Henderson U.S. Real Estate ETF 0.8 65 -20 8.0 +0.7
CRTC Xtrackers US National Critical Technologies ETF 0.8 35 10 4.9 -2.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 -4 9.6 +2.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 37 7.4 +0.2
AVDS Avantis International Small Cap Equity ETF 0.8 30 15 7.1 -0.1
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 6 9.1 +1.8
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -15 4.0 -3.3
PBD Invesco Global Clean Energy ETF 0.7 75 -30 1.0 -6.3
FLGR Franklin FTSE Germany ETF 0.7 9 36 7.2 -0.0
AVDV Avantis International Small Cap Value ETF 0.7 36 9 9.1 +1.8
EPI WisdomTree India Earnings Fund 0.7 85 -40 4.9 -2.4
FLIN Franklin FTSE India ETF 0.7 19 26 4.0 -3.3
INCO Columbia India Consumer ETF 0.7 75 -30 1.8 -5.5
PIN Invesco India ETF 0.7 78 -33 4.7 -2.6
NFTY First Trust India NIFTY 50 Equal Weight ETF 0.7 80 -35 4.6 -2.7
INDA iShares MSCI India ETF 0.7 65 -20 4.6 -2.7
INDY iShares India 50 ETF 0.7 89 -44 5.0 -2.3
EWG iShares MSCI Germany ETF 0.7 50 -5 6.5 -0.8
FLKR Franklin FTSE South Korea ETF 0.7 9 36 7.4 +0.1
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 -13 8.3 +1.0
RGEF Rockefeller Global Equity ETF 0.6 55 -10 4.7 -2.6
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 -34 7.5 +0.2
CUT Invesco MSCI Global Timber ETF 0.6 61 -16 11.3 +4.0
EFNL iShares MSCI Finland ETF 0.6 56 -11 6.5 -0.7
CGGO Capital Group Global Growth Equity ETF 0.6 47 -2 4.3 -2.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 -35 4.7 -2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -50 11.1 +3.9
CGV Conductor Global Equity Value ETF 0.5 130 -85 8.1 +0.8
DFEV Dimensional Emerging Markets Value ETF 0.5 43 2 12.1 +4.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.5 88 -43 8.1 +0.9
BKF iShares MSCI BIC ETF 0.5 69 -24 13.1 +5.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -35 11.1 +3.9
FPWR First Trust EIP Power Solutions ETF 0.5 96 -51 4.2 -3.1
EWY iShares MSCI South Korea ETF 0.5 58 -13 6.6 -0.6
MXI iShares Global Materials ETF 0.5 41 4 7.4 +0.1
JADE JPMorgan Active Developing Markets Equity ETF 0.4 65 -20 7.8 +0.6
AIA iShares Asia 50 ETF 0.4 50 -5 13.0 +5.8
GVLU Gotham 1000 Value ETF 0.4 50 -5 9.1 +1.8
TRFM AAM Transformers ETF 0.4 49 -4 1.4 -5.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -35 9.7 +2.4
EXI iShares Global Industrials ETF 0.3 42 3 4.5 -2.7
KLMN Invesco MSCI North America Climate ETF 0.3 9 36 5.1 -2.2
IXN iShares Global Tech ETF 0.2 41 4 3.6 -3.6
SHPP Pacer Industrials and Logistics ETF 0.2 60 -15 8.4 +1.1
GWX SPDR S&P International Small Cap ETF 0.1 40 5 6.9 -0.4
RVRB Reverb ETF 0.1 30 15 4.7 -2.6

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

Content on this tab for subscribers only**

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 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.