SPDR S&P International Dividend ETF
ALTAR
Score™		 6.8% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x 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) $491
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Derivative
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $29,855
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 2.2 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
AUST AND NZ BANKING GROUP 1.8 %
LAND SECURITIES GROUP PLC 1.8 %
TOTAL SA 1.7 %
SNAM RETE GAS 1.7 %
SKANDINAVISKA ENSKILDA BANKEN AB C 1.7 %
ORANGE SA 1.6 %
BOUYGUES SA 1.6 %
KEPPEL CORP LTD 1.5 %
Total 17.5 %

TOP COUNTRY EXPOSURE
JAPAN 25.7 %
FRANCE 10.4 %
BRITAIN 7.1 %
AUSTRALIA 7.0 %
CANADA 6.7 %
SINGAPORE 4.9 %
SOUTH AFRICA 4.6 %
SWITZERLAND 4.3 %
ITALY 2.9 %
MALAYSIA 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.6% 31.6% 8.3% 7.4% 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.22 14%
MSCI EAFE 0.52 56%
MSCI Emg. Mkts. 0.35 29%

Technical Indicators
Recent close $44.23
30d moving avg. $43.45
Annualized volatility 13.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 53
Turnover 0.5%
Bid/Ask (% of price) 0.09%
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™: 6.8%


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 23.3 25 20 6.2 -0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 21.8 80 -35 5.5 -1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 19.8 22 23 5.6 -1.2
LVHI Franklin International Low Volatility High Dividend Index ET 17.1 40 5 9.1 +2.3
JIVE JPMorgan International Value ETF 16.0 55 -10 9.6 +2.7
RWX SPDR Dow Jones International Real Estate ETF 15.6 59 -14 6.5 -0.3
VWID Virtus WMC International Dividend ETF 14.8 49 -4 7.4 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.7 32 13 5.5 -1.3
DWMF WisdomTree International Multifactor Fund 14.1 38 7 6.4 -0.4
EDIV SPDR S&P Emerging Markets Dividend ETF 14.1 49 -4 8.6 +1.8
FID First Trust S&P International Dividend Aristocrats ETF 13.9 60 -15 7.3 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 13.2 9 36 8.3 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.1 29 16 6.9 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 12.7 9 36 6.9 +0.1
WDIV SPDR S&P Global Dividend ETF 12.7 40 5 8.3 +1.5
IFGL iShares International Developed Real Estate ETF 11.9 48 -3 6.5 -0.3
EFV iShares MSCI EAFE Value ETF 11.8 34 11 7.7 +0.9
GCOW Pacer Global Cash Cows Dividend ETF 11.7 60 -15 9.6 +2.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 11.6 30 15 6.0 -0.8
JPIN J.P. Morgan Diversified Return International Equity ETF 11.5 37 8 7.2 +0.4
VYMI Vanguard International High Dividend Yield ETF 10.7 17 28 8.2 +1.3
DTH WisdomTree International High Dividend Fund 10.5 58 -13 7.4 +0.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 10.2 10 35 6.3 -0.5
DOL WisdomTree International LargeCap Dividend Fund 9.8 48 -3 6.1 -0.7
DFIV Dimensional International Value ETF 9.7 27 18 8.0 +1.2
IGRO iShares International Dividend Growth ETF 9.5 15 30 6.3 -0.6
IVLU iShares MSCI Intl Value Factor ETF 9.3 30 15 8.7 +1.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.2 58 -13 7.3 +0.5
PPIE Putnam PanAgora ESG International Equity ETF 9.2 49 -4 6.9 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 9.2 20 25 5.7 -1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.0 12 33 8.0 +1.1
FDEV Fidelity International Multifactor ETF 8.9 18 27 6.6 -0.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.9 50 -5 5.4 -1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.8 45 0 7.4 +0.6
JHMD John Hancock Multifactor Developed International ETF 8.7 39 6 6.5 -0.3
CIL VictoryShares International Volatility Wtd ETF 8.7 45 0 5.7 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.6 14 31 5.5 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 8.5 25 20 8.1 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 8.4 20 25 5.8 -1.0
HFXI IQ FTSE International Equity Currency Neutral ETF 8.4 20 25 5.9 -0.9
IQSI IQ Candriam International Equity ETF 8.4 15 30 5.6 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8.4 25 20 6.4 -0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 8.3 34 11 5.0 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 8.3 9 36 6.2 -0.6
IEV iShares Europe ETF 8.3 67 -22 5.8 -1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 8.3 83 -38 8.0 +1.2
DTAN Sparkline International Intangible Value ETF 8.3 55 -10 7.3 +0.5
FENI Fidelity Enhanced International ETF 8.2 28 17 5.6 -1.2
EFA iShares MSCI EAFE ETF 8.1 35 10 5.8 -1.1
SCHY Schwab International Dividend Equity ETF 8.1 14 31 8.8 +2.0
IDOG ALPS International Sector Dividend Dogs ETF 8.1 50 -5 10.6 +3.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.1 46 -1 5.9 -0.9
FLEE Franklin FTSE Europe ETF 8.0 9 36 6.3 -0.5
EFAS Global X MSCI SuperDividend EAFE ETF 8.0 57 -12 7.7 +0.9
JIRE JPMorgan International Research Enhanced Equity ETF 8.0 24 21 6.3 -0.6
EWQ iShares MSCI France ETF 8.0 53 -8 6.2 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.0 36 9 5.8 -1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.0 24 21 6.4 -0.4
AIVI WisdomTree International AI Enhanced Value Fund 7.9 58 -13 6.2 -0.6
DWM WisdomTree International Equity Fund 7.8 48 -3 6.3 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.8 40 5 6.4 -0.4
BKIE BNY Mellon International Equity ETF 7.7 4 41 6.0 -0.8
VGK Vanguard FTSE Europe ETF 7.7 6 39 6.4 -0.4
IEUR iShares Core MSCI Europe ETF 7.7 11 34 6.3 -0.5
TPIF Timothy Plan International ETF 7.7 62 -17 5.4 -1.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.6 12 33 5.1 -1.7
IEFA iShares Core MSCI EAFE ETF 7.5 7 38 6.1 -0.7
INEQ Columbia International Equity Income ETF 7.5 45 0 7.5 +0.7
STXI Strive International Developed Markets ETF 7.4 29 16 5.6 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.4 65 -20 9.7 +2.9
NUDM Nuveen ESG International Developed Markets Equity ETF 7.4 31 14 5.8 -1.1
PATN Pacer Nasdaq International Patent Leaders ETF 7.3 65 -20 4.5 -2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.3 25 20 6.2 -0.6
SPEU SPDR Portfolio Europe ETF 7.1 7 38 6.3 -0.5
FIVA Fidelity International Value Factor ETF 7.1 18 27 8.0 +1.2
IQLT iShares MSCI Intl Quality Factor ETF 7.0 30 15 5.3 -1.5
EWJV iShares MSCI Japan Value ETF 7.0 15 30 7.3 +0.5
ACWV iShares MSCI Global Min Vol Factor ETF 7.0 20 25 5.3 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 7.0 4 41 6.1 -0.8
VGSR Vert Global Sustainable Real Estate ETF 6.9 47 -2 7.1 +0.3
EZU iShares MSCI Eurozone ETF 6.8 52 -7 5.7 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 6.8 20 25 5.4 -1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.8 47 -2 5.8 -1.1
IDV iShares International Select Dividend ETF 6.8 51 -6 9.4 +2.6
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 -2 7.5 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 6.7 20 25 5.6 -1.3
AVIV Avantis International Large Cap Value ETF 6.6 25 20 7.4 +0.6
SCHF Schwab International Equity ETF 6.6 6 39 6.2 -0.6
CGDG Capital Group Dividend Growers ETF 6.6 47 -2 5.3 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.6 29 16 8.0 +1.2
VEA Vanguard FTSE Developed Markets ETF 6.5 3 42 6.1 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.5 39 6 5.8 -1.1
RCGE RockCreek Global Equality ETF 6.5 95 -50 6.0 -0.8
INTF iShares International Equity Factor ETF 6.5 15 30 6.5 -0.3
SPDW SPDR Portfolio Developed World ex-US ETF 6.5 3 42 6.0 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.4 45 0 6.0 -0.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 6.3 19 26 5.1 -1.7
FEUZ First Trust Eurozone AlphaDEX ETF 6.2 80 -35 6.5 -0.3
EPP iShares MSCI Pacific ex-Japan ETF 6.2 47 -2 4.9 -1.9
BINV Brandes International ETF 6.2 70 -25 8.2 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 6.1 12 33 5.0 -1.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 6.1 35 10 5.7 -1.1
DFAI Dimensional International Core Equity Market ETF 6.1 18 27 6.0 -0.8
ERET iShares Environmentally Aware Real Estate ETF 6.0 30 15 6.9 +0.1
CWI SPDR MSCI ACWI ex-US ETF 6.0 30 15 6.4 -0.4
IPAC iShares Core MSCI Pacific ETF 5.9 9 36 5.6 -1.2
IQRA IQ CBRE Real Assets ETF 5.9 65 -20 5.4 -1.4
EUDV ProShares MSCI Europe Dividend Growers ETF 5.9 55 -10 5.4 -1.4
DIM WisdomTree International MidCap Dividend Fund 5.9 58 -13 6.5 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 5.8 34 11 6.4 -0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.8 18 27 6.4 -0.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.8 46 -1 5.4 -1.4
RWO SPDR Dow Jones Global Real Estate ETF 5.8 50 -5 6.6 -0.2
QINT American Century Quality Diversified International ETF 5.7 39 6 6.1 -0.7
FLJP Franklin FTSE Japan ETF 5.7 9 36 5.4 -1.4
JXI iShares Global Utilities ETF 5.7 43 2 5.3 -1.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.7 25 20 5.9 -1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.7 41 4 6.4 -0.5
FLJH Franklin FTSE Japan Hedged ETF 5.6 9 36 5.4 -1.4
SCJ iShares MSCI Japan Small-Cap ETF 5.6 50 -5 5.9 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 4 41 6.8 -0.0
WWJD Inspire International ETF 5.3 80 -35 6.4 -0.4
DEW WisdomTree Global High Dividend Fund 5.3 58 -13 7.5 +0.7
ASEA Global X FTSE Southeast Asia ETF 5.3 65 -20 5.5 -1.3
AVRE Avantis Real Estate ETF 5.3 17 28 6.9 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.2 40 5 6.1 -0.7
VXUS Vanguard Total International Stock ETF 5.2 5 40 6.8 -0.0
BBJP JPMorgan BetaBuilders Japan ETF 5.2 19 26 5.7 -1.1
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 38 6.7 -0.1
DIHP Dimensional International High Profitability ETF 5.2 29 16 5.8 -1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.1 25 20 5.6 -1.3
EWJ iShares MSCI Japan ETF 5.1 50 -5 5.2 -1.7
FEP First Trust Europe AlphaDEX Fund 5.1 80 -35 6.9 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.0 47 -2 4.9 -1.9
FEZ SPDR EURO STOXX 50 ETF 5.0 29 16 5.6 -1.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.0 25 20 5.4 -1.4
DXJ WisdomTree Japan Hedged Equity Fund 4.9 48 -3 5.7 -1.2
EWS iShares MSCI Singapore ETF 4.9 50 -5 4.2 -2.6
QWLD SPDR MSCI World StrategicFactors ETF 4.8 30 15 5.1 -1.7
VPL Vanguard FTSE Pacific ETF 4.8 7 38 5.7 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.8 39 6 6.8 -0.0
REET iShares Global REIT ETF 4.8 14 31 7.2 +0.4
CGIE Capital Group International Equity ETF 4.8 54 -9 4.2 -2.6
AVDE Avantis International Equity ETF 4.8 23 22 6.3 -0.5
VSGX Vanguard ESG International Stock ETF 4.7 10 35 6.6 -0.2
VIGI Vanguard International Dividend Appreciation ETF 4.7 10 35 5.7 -1.1
FLAU Franklin FTSE Australia ETF 4.7 9 36 5.9 -0.9
FDD First Trust Stoxx European Select Dividend Index Fund 4.7 58 -13 9.8 +3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.7 47 -2 6.9 +0.1
FIDI Fidelity International High Dividend ETF 4.6 18 27 7.4 +0.6
EZA iShares MSCI South Africa ETF 4.6 58 -13 7.8 +1.0
NXTG First Trust Indxx NextG ETF 4.5 70 -25 4.4 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 4.5 55 -10 6.6 -0.2
DFGR Dimensional Global Real Estate ETF 4.5 22 23 7.3 +0.5
DFIC Dimensional International Core Equity 2 ETF 4.5 23 22 6.3 -0.5
KNO AXS Knowledge Leaders ETF 4.5 78 -33 5.0 -1.8
DFSI Dimensional International Sustainability Core 1 ETF 4.5 24 21 5.5 -1.4
DXIV Dimensional International Vector Equity ETF 4.4 34 11 6.6 -0.2
AVSD Avantis Responsible International Equity ETF 4.4 23 22 4.6 -2.2
TTAI FCF International Quality ETF 4.4 59 -14 6.5 -0.3
EWA iShares MSCI Australia ETF 4.4 50 -5 5.5 -1.3
UIVM VictoryShares International Value Momentum ETF 4.4 35 10 7.5 +0.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.3 63 -18 11.8 +5.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.3 44 1 9.3 +2.5
JPXN iShares JPX-Nikkei 400 ETF 4.1 48 -3 5.7 -1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.1 46 -1 8.1 +1.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.1 65 -20 4.0 -2.8
FKU First Trust United Kingdom AlphaDEX Fund 4.0 80 -35 6.5 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 4.0 49 -4 4.8 -2.0
CCNR ALPS CoreCommodity Natural Resources ETF 3.9 39 6 7.3 +0.5
IXP iShares Global Comm Services ETF 3.9 42 3 5.3 -1.5
SRET Global X SuperDividend REIT ETF 3.8 59 -14 11.1 +4.3
ERTH Invesco MSCI Sustainable Future ETF 3.8 62 -17 3.1 -3.7
ROAM Hartford Multifactor Emerging Markets ETF 3.7 44 1 10.2 +3.4
XCEM Columbia EM Core ex-China ETF 3.7 16 29 6.5 -0.3
VIDI Vident International Equity Strategy ETF 3.7 61 -16 9.2 +2.4
EBLU Ecofin Global Water ESG Fund 3.6 40 5 4.2 -2.6
CGW Invesco S&P Global Water Index ETF 3.6 57 -12 4.2 -2.6
PIO Invesco Global Water ETF 3.6 75 -30 3.8 -3.0
EFRA iShares Environmental Infrastructure and Industrials ETF 3.6 47 -2 4.8 -2.0
TBLU Tortoise Global Water ESG ETF 3.6 40 5 4.2 -2.6
BKCI BNY Mellon Concentrated International ETF 3.6 80 -35 4.5 -2.3
FLSW Franklin FTSE Switzerland ETF 3.6 9 36 5.5 -1.3
EWL iShares MSCI Switzerland ETF 3.6 50 -5 5.1 -1.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.6 48 -3 4.6 -2.2
IXC iShares Global Energy ETF 3.5 44 1 9.2 +2.4
FRDM Freedom 100 Emerging Markets ETF 3.5 49 -4 5.9 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 3.5 45 0 7.4 +0.6
IDHQ Invesco S&P International Developed High Quality ETF 3.5 29 16 5.3 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 3.4 10 35 5.0 -1.9
DVYA iShares Asia/Pacific Dividend ETF 3.3 49 -4 6.7 -0.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -33 8.5 +1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.3 30 15 6.6 -0.2
IXJ iShares Global Healthcare ETF 3.3 42 3 5.7 -1.1
XT iShares Exponential Technologies ETF 3.2 46 -1 4.2 -2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 3.1 48 -3 5.9 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.1 30 15 7.5 +0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 3.1 58 -13 5.8 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 3.1 42 3 4.7 -2.1
FLGB Franklin FTSE United Kingdom ETF 3.1 9 36 6.6 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 3.0 58 -13 5.6 -1.3
FSZ First Trust Switzerland AlphaDEX Fund 3.0 80 -35 5.6 -1.2
JHID John Hancock International High Dividend ETF 3.0 46 -1 8.3 +1.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 33 4.3 -2.5
EYLD Cambria Emerging Shareholder Yield ETF 3.0 66 -21 10.5 +3.7
IDMO Invesco S&P International Developed Momentum ETF 3.0 25 20 5.1 -1.7
EWU iShares MSCI United Kingdom ETF 3.0 50 -5 6.9 +0.1
OCEN IQ Clean Oceans ETF 2.9 45 0 5.0 -1.8
IMTM iShares MSCI Intl Momentum Factor ETF 2.9 30 15 4.7 -2.1
EWI iShares MSCI Italy ETF 2.9 50 -5 8.7 +1.9
QTUM Defiance Quantum ETF 2.9 40 5 4.2 -2.6
CZAR Themes Natural Monopoly ETF 2.9 35 10 4.9 -1.9
GNR SPDR S&P Global Natural Resources ETF 2.8 40 5 8.9 +2.1
FYLD Cambria Foreign Shareholder Yield ETF 2.7 59 -14 10.3 +3.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.7 39 6 14.2 +7.4
DGT State Street SPDR Global Dow ETF 2.7 50 -5 5.9 -0.9
ECON Columbia Emerging Markets Consumer ETF 2.7 49 -4 9.9 +3.1
ESGE iShares ESG Aware MSCI EM ETF 2.7 25 20 8.4 +1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.7 24 21 6.3 -0.5
STXE Strive Emerging Markets Ex-China ETF 2.7 32 13 6.1 -0.7
EWM iShares MSCI Malaysia ETF 2.7 50 -5 5.7 -1.1
BLES Inspire Global Hope ETF 2.7 61 -16 6.0 -0.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.7 65 -20 7.1 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.7 75 -30 8.3 +1.5
EWC iShares MSCI Canada ETF 2.6 50 -5 5.2 -1.6
SCZ iShares MSCI EAFE Small-Cap ETF 2.6 40 5 6.2 -0.6
KXI iShares Global Consumer Staples ETF 2.6 41 4 5.1 -1.7
EWD iShares MSCI Sweden ETF 2.6 54 -9 4.5 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 2.6 16 29 7.1 +0.3
FICS First Trust International Developed Capital Strength ETF 2.5 70 -25 6.4 -0.4
ICPY Tweedy, Browne International Insider Value ETF 2.5 80 -35 9.9 +3.1
UMMA Wahed Dow Jones Islamic World ETF 2.5 65 -20 3.8 -3.0
RNEM First Trust Emerging Markets Equity Select ETF 2.5 75 -30 7.8 +1.0
FTRI First Trust Indxx Global Natural Resources Income ETF 2.5 70 -25 6.4 -0.4
AQWA Global X Clean Water ETF 2.5 50 -5 4.5 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 2.4 17 28 11.2 +4.4
JSTC Adasina Social Justice All Cap Global ETF 2.4 89 -44 4.2 -2.6
HART IQ Healthy Hearts ETF 2.4 45 0 5.4 -1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.4 35 10 11.6 +4.8
EMXC iShares MSCI Emerging Markets ex China ETF 2.4 25 20 5.8 -1.1
AFK VanEck Africa Index ETF 2.4 98 -53 10.9 +4.1
XCNY SPDR S&P Emerging Markets ex-China ETF 2.4 15 30 6.2 -0.6
FJP First Trust Japan AlphaDEX Fund 2.4 80 -35 7.2 +0.4
EUFN iShares MSCI Europe Financials ETF 2.3 51 -6 6.8 -0.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 -7 8.7 +1.9
GLOF iShares Global Equity Factor ETF 2.3 20 25 5.9 -0.9
UMI USCF Midstream Energy Income Fund ETF 2.3 85 -40 5.5 -1.4
ENFR Alerian Energy Infrastructure ETF 2.3 35 10 5.7 -1.1
TPYP Tortoise North American Pipeline Fund 2.3 40 5 5.7 -1.1
USAI Pacer American Energy Independence ETF 2.3 75 -30 4.7 -2.2
EWH iShares MSCI Hong Kong ETF 2.3 50 -5 4.8 -2.0
EWT iShares MSCI Taiwan ETF 2.3 58 -13 4.9 -1.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -35 7.3 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 13 5.4 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.2 9 36 4.9 -2.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.2 47 -2 -2.9 -9.7
FNDC Schwab Fundamental International Small Co. Index ETF 2.2 39 6 5.3 -1.6
JHEM John Hancock Multifactor Emerging Markets ETF 2.2 49 -4 8.2 +1.4
GEW Cambria Global EW ETF 2.2 29 16 5.3 -1.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.2 49 -4 13.4 +6.6
FTHF First Trust Emerging Markets Human Flourishing ETF 2.2 75 -30 7.3 +0.5
WDNA WisdomTree BioRevolution Fund 2.1 45 0 -1.9 -8.8
SAGP Strategas Global Policy Opportunities ETF 2.1 65 -20 4.6 -2.2
URTH iShares MSCI World ETF 2.1 24 21 4.4 -2.4
AVES Avantis Emerging Markets Value ETF 2.1 36 9 9.4 +2.6
ACWI iShares MSCI ACWI ETF 2.1 32 13 4.7 -2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.1 75 -30 6.6 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.1 58 -13 5.8 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.1 20 25 4.8 -2.1
IOO iShares Global 100 ETF 2.1 41 4 3.9 -2.9
IQDG WisdomTree International Quality Dividend Growth Fund 2.1 42 3 6.0 -0.8
EFG iShares MSCI EAFE Growth ETF 2.0 36 9 3.6 -3.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.0 58 -13 3.8 -3.0
IGF iShares Global Infrastructure ETF 2.0 41 4 4.5 -2.4
GII SPDR S&P Global Infrastructure ETF 2.0 40 5 4.5 -2.4
FLTW Franklin FTSE Taiwan ETF 2.0 19 26 5.0 -1.8
TOK iShares MSCI Kokusai ETF 1.9 26 19 4.3 -2.5
BBCA JPMorgan BetaBuilders Canada ETF 1.9 19 26 5.5 -1.3
VT Vanguard Total World Stock ETF 1.9 6 39 5.1 -1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 1.9 9 36 4.5 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.9 30 15 8.0 +1.2
COPY Tweedy, Browne Insider + Value ETF 1.9 80 -35 10.2 +3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 -4 6.1 -0.7
IVAL Alpha Architect International Quantitative Value ETF 1.8 49 -4 9.0 +2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.8 66 -21 7.6 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.8 50 -5 9.1 +2.3
SCHE Schwab Emerging Markets Equity ETF 1.8 11 34 9.4 +2.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 30 8.3 +1.5
IBAT iShares Energy Storage & Materials ETF 1.7 47 -2 2.4 -4.4
IXG iShares Global Financials ETF 1.7 42 3 5.9 -0.9
EEM iShares MSCI Emerging Markets ETF 1.7 69 -24 8.0 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.7 45 0 8.3 +1.5
FLCA Franklin FTSE Canada ETF 1.7 9 36 5.6 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 34 7.9 +1.1
KNCT Invesco Next Gen Connectivity ETF 1.7 40 5 3.9 -2.9
RGEF Rockefeller Global Equity ETF 1.7 55 -10 3.9 -2.9
EIPI FT Energy Income Partners Enhanced Income ETF 1.7 110 -65 6.3 -0.5
EIPX FT Energy Income Partners Strategy ETF 1.7 95 -50 7.2 +0.4
DIVY Sound Equity Dividend Income ETF 1.7 45 0 9.0 +2.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.7 49 -4 8.1 +1.3
KOCG FIS Knights of Columbus Global Belief ETF 1.7 75 -30 4.4 -2.4
INDS Pacer Industrial Real Estate ETF 1.7 55 -10 6.0 -0.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.6 70 -25 11.6 +4.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 20 10.6 +3.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 30 6.5 -0.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.6 33 12 6.8 -0.1
GINN Goldman Sachs Innovate Equity ETF 1.6 52 -7 3.2 -3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 9 6.6 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 4 5.2 -1.6
VWO Vanguard FTSE Emerging Markets ETF 1.5 7 38 9.0 +2.2
DVYE iShares Emerging Markets Dividend ETF 1.5 49 -4 16.6 +9.8
FLBR Franklin FTSE Brazil ETF 1.5 19 26 13.5 +6.7
FLLA Franklin FTSE Latin America ETF 1.5 19 26 11.5 +4.6
MOTI VanEck Morningstar International Moat ETF 1.5 58 -13 9.1 +2.3
EWZ iShares MSCI Brazil ETF 1.5 58 -13 11.8 +5.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 9 7.9 +1.1
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 38 9.2 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 36 8.4 +1.6
GLBL Pacer MSCI World Industry Advantage ETF 1.5 65 -20 3.5 -3.3
DISV Dimensional International Small Cap Value ETF 1.4 42 3 8.0 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 -25 7.1 +0.3
IVRA Invesco Real Assets ESG ETF 1.4 59 -14 6.0 -0.8
NDIV Amplify Natural Resources Dividend Income ETF 1.4 59 -14 13.7 +6.9
MDLV Morgan Dempsey Large Cap Value ETF 1.4 58 -13 6.5 -0.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 -8 6.0 -0.8
FLN First Trust Latin America AlphaDEX Fund 1.4 80 -35 10.1 +3.3
CRTC Xtrackers US National Critical Technologies ETF 1.4 35 10 4.1 -2.7
OAIM OneAscent International Equity ETF 1.4 95 -50 4.6 -2.2
DFIS Dimensional International Small Cap ETF 1.4 39 6 6.2 -0.6
MOO VanEck Agribusiness ETF 1.4 53 -8 9.4 +2.6
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 26 7.3 +0.5
CGXU Capital Group International Focus Equity ETF 1.4 54 -9 4.7 -2.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 13 5.3 -1.5
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 10 7.4 +0.5
MJSC MUFG Japan Small Cap Active ETF 1.3 85 -40 5.2 -1.6
POW VistaShares Electrification Supercycle ETF 1.3 75 -30 2.9 -3.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -11 10.0 +3.2
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -25 7.4 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 -14 7.4 +0.6
EVX VanEck Environmental Services ETF 1.2 55 -10 2.2 -4.6
BMED Future Health ETF 1.2 85 -40 0.2 -6.6
CANC Tema Oncology ETF 1.2 75 -30 -2.5 -9.3
HRTS Tema Heart & Health ETF 1.2 75 -30 1.9 -4.9
ITOL Tema International Durable Quality ETF 1.2 60 -15 4.7 -2.1
WLDR Affinity World Leaders Equity ETF 1.2 67 -22 6.4 -0.4
PRNT 3D Printing ETF 1.1 66 -21 1.6 -5.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 13 6.9 +0.1
RXI iShares Global Consumer Discretionary ETF 1.1 41 4 7.1 +0.3
CLNR IQ Cleaner Transport ETF 1.1 45 0 4.9 -1.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 -34 4.4 -2.4
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 -14 3.7 -3.2
AGQI First Trust Active Global Quality Income ETF 1.1 85 -40 4.6 -2.3
FAN First Trust Global Wind Energy ETF 1.1 60 -15 3.7 -3.1
HAP VanEck Natural Resources ETF 1.1 50 -5 7.6 +0.8
SMOG VanEck Low Carbon Energy ETF 1.1 61 -16 1.4 -5.4
EWP iShares MSCI Spain ETF 1.1 50 -5 6.0 -0.8
ICLN iShares Global Clean Energy ETF 1.1 41 4 2.8 -4.0
VOLT Tema Electrification ETF 1.1 75 -30 3.1 -3.7
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 20 9.3 +2.5
IPKW Invesco International BuyBack Achievers ETF 1.1 55 -10 7.9 +1.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 0 1.6 -5.2
FDCF Fidelity Disruptive Communications ETF 1.1 50 -5 3.3 -3.5
FGM First Trust Germany AlphaDEX Fund 1.1 80 -35 5.8 -1.0
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 6.0 -0.8
AVDS Avantis International Small Cap Equity ETF 1.1 30 15 5.9 -0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 7 7.4 +0.6
EMM Global X Emerging Markets ex-China ETF 1.1 75 -30 5.5 -1.3
EIRL iShares MSCI Ireland ETF 1.0 50 -5 7.1 +0.3
SCHC Schwab International Small-Cap Equity ETF 1.0 11 34 6.7 -0.1
CZA Invesco Zacks Mid-Cap ETF 1.0 72 -27 6.6 -0.2
PID Invesco International Dividend Achievers ETF 1.0 53 -8 4.7 -2.1
IEUS iShares MSCI Europe Small-Cap ETF 1.0 42 3 6.5 -0.3
EWN iShares MSCI Netherlands ETF 1.0 50 -5 4.6 -2.2
AVEM Avantis Emerging Markets Equity ETF 1.0 33 12 7.2 +0.4
TIIV AAM Todd International Intrinsic Value ETF 1.0 54 -9 9.8 +3.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.0 68 -23 1.7 -5.2
MDEV First Trust Indxx Medical Devices ETF 1.0 70 -25 4.1 -2.7
AGNG Global X Aging Population ETF 1.0 50 -5 4.0 -2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.0 33 12 8.1 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 -4 7.8 +1.0
FDFF Fidelity Disruptive Finance ETF 0.9 50 -5 3.9 -2.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 -14 6.9 +0.1
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 22 7.3 +0.5
FLSA Franklin FTSE Saudi Arabia ETF 0.9 39 6 0.0 -6.8
KSA iShares MSCI Saudi Arabia ETF 0.9 74 -29 0.0 -6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 16 6.8 +0.0
DFJ WisdomTree Japan SmallCap Dividend Fund 0.9 58 -13 6.4 -0.4
DIVS SmartETFs Dividend Builder ETF 0.9 65 -20 4.6 -2.3
FEGE First Eagle Global Equity ETF 0.9 79 -34 5.6 -1.3
FEOE First Eagle Overseas Equity ETF 0.9 79 -34 5.9 -0.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.9 60 -15 5.3 -1.5
EINC VanEck Energy Income ETF 0.9 48 -3 5.4 -1.4
AZTD Aztlan Global Stock Selection DM SMID ETF 0.9 75 -30 5.3 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 4 7.0 +0.2
JADE JPMorgan Active Developing Markets Equity ETF 0.9 65 -20 6.4 -0.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.9 33 12 6.9 +0.1
FPAG FPA Global Equity ETF 0.9 49 -4 4.9 -1.9
KAT Scharf ETF 0.9 87 -42 4.6 -2.2
THD iShares MSCI Thailand ETF 0.9 58 -13 0.0 -6.8
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -35 10.1 +3.3
JIG JPMorgan International Growth ETF 0.9 55 -10 3.9 -2.9
TINY ProShares Nanotechnology ETF 0.8 58 -13 2.7 -4.1
GVAL Cambria Global Value ETF 0.8 68 -23 9.2 +2.4
PBD Invesco Global Clean Energy ETF 0.7 75 -30 0.6 -6.2
CGGO Capital Group Global Growth Equity ETF 0.7 47 -2 3.8 -3.1
AVDV Avantis International Small Cap Value ETF 0.7 36 9 7.7 +0.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -15 3.2 -3.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 37 6.4 -0.4
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 6 8.0 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.7 49 -4 8.3 +1.5
EWG iShares MSCI Germany ETF 0.6 50 -5 5.8 -1.0
CUT Invesco MSCI Global Timber ETF 0.6 61 -16 9.6 +2.8
EFNL iShares MSCI Finland ETF 0.6 56 -11 5.8 -1.0
GINX SGI Enhanced Global Income ETF 0.6 98 -53 7.0 +0.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -43 7.3 +0.5
JDOC JPMorgan Healthcare Leaders ETF 0.6 65 -20 3.3 -3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 25 22,159.8 +22,153.0
DFEV Dimensional Emerging Markets Value ETF 0.6 43 2 10.3 +3.5
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -30 6.9 +0.0
PIN Invesco India ETF 0.5 78 -33 4.6 -2.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.5 60 -15 7.6 +0.8
EPI WisdomTree India Earnings Fund 0.5 85 -40 4.4 -2.4
FLIN Franklin FTSE India ETF 0.5 19 26 3.6 -3.2
INCO Columbia India Consumer ETF 0.5 75 -30 1.6 -5.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 0.5 80 -35 4.4 -2.4
INDA iShares MSCI India ETF 0.5 65 -20 4.1 -2.7
INDY iShares India 50 ETF 0.5 89 -44 5.0 -1.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -35 9.3 +2.5
JGLO JPMorgan Global Select Equity ETF 0.5 33 12 4.3 -2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -50 10.2 +3.3
MXI iShares Global Materials ETF 0.4 41 4 6.1 -0.7
BKF iShares MSCI BIC ETF 0.4 69 -24 11.7 +4.9
BYRE Principal Real Estate Active Opportunities ETF 0.4 65 -20 6.2 -0.6
AIA iShares Asia 50 ETF 0.4 50 -5 10.3 +3.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 0 9.3 +2.5
FVD First Trust Value Line Dividend Index Fund 0.4 65 -20 5.6 -1.2
EWY iShares MSCI South Korea ETF 0.4 58 -13 4.8 -2.0
FLKR Franklin FTSE South Korea ETF 0.4 9 36 5.6 -1.2
GVLU Gotham 1000 Value ETF 0.4 50 -5 8.1 +1.3
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -13 7.2 +0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -35 8.2 +1.4
TRFM AAM Transformers ETF 0.3 49 -4 1.0 -5.9
KLMN Invesco MSCI North America Climate ETF 0.3 9 36 4.3 -2.5
EXI iShares Global Industrials ETF 0.3 42 3 3.6 -3.2
IXN iShares Global Tech ETF 0.2 41 4 2.9 -4.0
FLGR Franklin FTSE Germany ETF 0.2 9 36 6.5 -0.3
SHPP Pacer Industrials and Logistics ETF 0.2 60 -15 7.5 +0.7
QUVU Hartford Quality Value ETF 0.2 46 -1 6.6 -0.2
GWX SPDR S&P International Small Cap ETF 0.1 40 5 5.9 -0.9
RVRB Reverb ETF 0.1 30 15 4.0 -2.9

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

Content on this tab for subscribers only

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 10.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.8 %
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.