SPDR S&P International Dividend ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.5x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x 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) $420
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) $32,495
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
APA GROUP 2.1 %
ORANGE SA 2.0 %
BOUYGUES SA 1.8 %
BP PLC 1.8 %
SNAM RETE GAS 1.7 %
EDP-ENERGIAS DE PORTUGAL SA 1.7 %
M&G PLC 1.5 %
ITALGAS SPA 1.5 %
EIFFAGE 1.5 %
RED ELECTRICA CORP. SA 1.4 %
Total 16.8 %

TOP COUNTRY EXPOSURE
JAPAN 23.3 %
CANADA 13.4 %
BRITAIN 10.8 %
SWITZERLAND 7.5 %
AUSTRALIA 7.0 %
FRANCE 7.0 %
TAIWAN 5.1 %
ITALY 4.5 %
GERMANY 3.5 %
SPAIN 3.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.3% 10.3% 4.1% 2.6% 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.66 55%
MSCI EAFE 0.81 85%
MSCI Emg. Mkts. 0.70 64%

Technical Indicators
Recent close $38.57
30d moving avg. $37.54
Annualized volatility 15.2%
Short interest (ETF) 0.8%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 51
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,771

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 427 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
(%)
FID First Trust S&P International Dividend Aristocrats ETF 26.2 60 -15 9.1 +2.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.5 80 -35 5.7 -0.9
IDLV Invesco S&P International Developed Low Volatility ETF 24.9 25 20 6.3 -0.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 23.5 22 23 5.8 -0.7
WDIV SPDR S&P Global Dividend ETF 21.3 40 5 9.6 +3.1
VWID Virtus WMC International Dividend ETF 17.8 49 -4 8.8 +2.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 17.5 32 13 6.1 -0.5
DWMF WisdomTree International Multifactor Fund 17.0 38 7 6.9 +0.4
EFV iShares MSCI EAFE Value ETF 16.6 34 11 9.4 +2.9
LVHI Franklin International Low Volatility High Dividend Index ET 16.2 40 5 11.0 +4.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.0 30 15 7.3 +0.7
DOL WisdomTree International LargeCap Dividend Fund 15.4 48 -3 7.5 +0.9
DIVI Franklin International Core Dividend Tilt Index ETF 15.4 9 36 8.2 +1.7
VYMI Vanguard International High Dividend Yield ETF 15.3 22 23 10.0 +3.4
RFDI First Trust Riverfront Dynamic Developed International ETF 15.1 83 -38 10.0 +3.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 14.5 9 36 9.2 +2.6
FDEV Fidelity International Multifactor ETF 13.6 18 27 7.7 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.5 40 5 7.5 +1.0
DWM WisdomTree International Equity Fund 13.4 48 -3 7.7 +1.1
JIRE JPMorgan International Research Enhanced Equity ETF 13.3 24 21 7.4 +0.8
EFAS Global X MSCI SuperDividend EAFE ETF 13.2 57 -12 8.5 +2.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.2 45 0 9.3 +2.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.9 29 16 8.2 +1.6
DTH WisdomTree International High Dividend Fund 12.8 58 -13 9.1 +2.5
IQLT iShares MSCI Intl Quality Factor ETF 12.7 30 15 6.3 -0.2
IEV iShares Europe ETF 12.6 67 -22 6.9 +0.4
STXI Strive International Developed Markets ETF 12.6 29 16 5.9 -0.6
ESGD iShares ESG Aware MSCI EAFE ETF 12.4 20 25 7.1 +0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.3 46 -1 6.8 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.3 25 20 7.2 +0.7
FLEE Franklin FTSE Europe ETF 12.2 9 36 7.0 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 12.2 9 36 7.2 +0.7
IEUR iShares Core MSCI Europe ETF 12.2 11 34 7.4 +0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.2 50 -5 5.8 -0.7
VGK Vanguard FTSE Europe ETF 12.1 11 34 7.5 +0.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 12.1 48 -3 5.9 -0.6
EFA iShares MSCI EAFE ETF 11.9 35 10 7.0 +0.5
IDV iShares International Select Dividend ETF 11.9 51 -6 11.6 +5.0
RWX SPDR Dow Jones International Real Estate ETF 11.8 59 -14 5.9 -0.7
IGRO iShares International Dividend Growth ETF 11.8 15 30 7.3 +0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 11.8 37 8 8.9 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 11.7 20 25 7.4 +0.8
JHMD John Hancock Multifactor Developed International ETF 11.7 39 6 7.8 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 11.7 20 25 7.1 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.6 36 9 6.9 +0.4
FIVA Fidelity International Value Factor ETF 11.6 18 27 10.5 +4.0
BKIE BNY Mellon International Equity ETF 11.5 4 41 7.3 +0.8
SPEU SPDR Portfolio Europe ETF 11.5 7 38 7.5 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 11.1 4 41 7.4 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 11.0 25 20 10.1 +3.6
IEFA iShares Core MSCI EAFE ETF 10.9 7 38 7.4 +0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 10.9 31 14 6.6 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 10.7 46 -1 4.9 -1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.6 20 25 6.6 +0.1
VEA Vanguard FTSE Developed Markets ETF 10.4 5 40 7.6 +1.0
AIVI WisdomTree International AI Enhanced Value Fund 10.3 58 -13 7.5 +1.0
CIL VictoryShares International Volatility Wtd ETF 10.3 45 0 7.0 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 10.2 3 42 7.5 +1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.1 47 -2 5.7 -0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.1 25 20 7.5 +0.9
FIDI Fidelity International High Dividend ETF 10.0 18 27 9.0 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 10.0 83 -38 10.0 +3.5
IVLU iShares MSCI Intl Value Factor ETF 10.0 30 15 11.1 +4.6
IQRA IQ CBRE Real Assets ETF 9.9 65 -20 2.7 -3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.9 39 6 7.0 +0.4
IFGL iShares International Developed Real Estate ETF 9.8 48 -3 6.3 -0.3
DFAI Dimensional International Core Equity Market ETF 9.7 18 27 7.6 +1.0
SCHF Schwab International Equity ETF 9.5 6 39 7.7 +1.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 9.4 12 33 6.2 -0.4
IQSI IQ Candriam International Equity ETF 9.4 15 30 6.7 +0.1
INTF iShares International Equity Factor ETF 9.4 15 30 8.1 +1.6
CWI SPDR MSCI ACWI ex-US ETF 9.2 30 15 8.2 +1.6
JXI iShares Global Utilities ETF 9.2 43 2 6.0 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 9.0 34 11 8.1 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.9 20 25 6.7 +0.2
DIM WisdomTree International MidCap Dividend Fund 8.9 58 -13 7.7 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 8.8 34 11 6.2 -0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.8 35 10 5.9 -0.7
FENI Fidelity Enhanced International ETF 8.5 28 17 7.0 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.5 18 27 8.1 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.5 14 31 6.0 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.4 24 21 6.4 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 41 4 7.1 +0.6
UIVM VictoryShares International Value Momentum ETF 8.4 35 10 9.5 +2.9
GCOW Pacer Global Cash Cows Dividend ETF 8.4 60 -15 10.9 +4.4
VEU Vanguard FTSE All-World ex-US Index Fund 8.3 8 37 8.5 +1.9
IMTM iShares MSCI Intl Momentum Factor ETF 8.3 30 15 5.6 -0.9
IXUS iShares Core MSCI Total International Stock ETF 7.9 7 38 8.3 +1.7
VXUS Vanguard Total International Stock ETF 7.7 7 38 8.3 +1.7
IDOG ALPS International Sector Dividend Dogs ETF 7.6 50 -5 12.2 +5.7
EWJV iShares MSCI Japan Value ETF 7.5 15 30 9.8 +3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.5 56 -11 12.6 +6.1
DFIV Dimensional International Value ETF 7.5 27 18 10.4 +3.8
VSGX Vanguard ESG International Stock ETF 7.4 12 33 8.2 +1.6
ACWV iShares MSCI Global Min Vol Factor ETF 7.4 20 25 5.9 -0.7
PPIE Putnam PanAgora ESG International Equity ETF 7.4 49 -4 7.8 +1.3
EDIV SPDR S&P Emerging Markets Dividend ETF 7.4 49 -4 11.6 +5.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.4 10 35 7.5 +1.0
RODE Hartford Multifactor Diversified International ETF 7.3 29 16 9.9 +3.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 7.3 39 6 8.3 +1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.2 12 33 7.7 +1.1
EWU iShares MSCI United Kingdom ETF 7.1 50 -5 8.6 +2.0
NXTG First Trust Indxx NextG ETF 7.1 70 -25 5.8 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 7.1 29 16 6.7 +0.1
FLGB Franklin FTSE United Kingdom ETF 7.0 9 36 8.0 +1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.9 58 -13 6.5 -0.0
DIHP Dimensional International High Profitability ETF 6.9 29 16 7.4 +0.8
FDD First Trust Stoxx European Select Dividend Index Fund 6.9 58 -13 12.4 +5.9
EUDV ProShares MSCI Europe Dividend Growers ETF 6.9 55 -10 6.9 +0.3
QINT American Century Quality Diversified International ETF 6.8 39 6 7.6 +1.1
DTAN Sparkline International Intangible Value ETF 6.8 55 -10 7.2 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.8 45 0 6.6 +0.1
EZU iShares MSCI Eurozone ETF 6.7 52 -7 6.8 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 6.6 30 15 5.9 -0.6
AVIV Avantis International Large Cap Value ETF 6.6 25 20 9.3 +2.7
TPIF Timothy Plan International ETF 6.6 62 -17 6.5 -0.0
PATN Pacer Nasdaq International Patent Leaders ETF 6.5 65 -20 4.0 -2.6
BLLD JPMorgan Sustainable Infrastructure ETF 6.5 49 -4 4.8 -1.8
EWC iShares MSCI Canada ETF 6.5 50 -5 6.6 +0.1
JPXN iShares JPX-Nikkei 400 ETF 6.4 48 -3 7.5 +1.0
FEUZ First Trust Eurozone AlphaDEX ETF 6.4 80 -35 9.2 +2.7
FEP First Trust Europe AlphaDEX Fund 6.3 80 -35 9.3 +2.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.3 25 20 6.0 -0.5
IVAL Alpha Architect International Quantitative Value ETF 6.3 49 -4 10.6 +4.1
AVDE Avantis International Equity ETF 6.2 23 22 8.0 +1.4
INEQ Columbia International Equity Income ETF 6.2 45 0 8.7 +2.1
FSZ First Trust Switzerland AlphaDEX Fund 6.1 80 -35 5.0 -1.5
DFIC Dimensional International Core Equity 2 ETF 6.1 23 22 7.9 +1.4
BBJP JPMorgan BetaBuilders Japan ETF 6.0 19 26 7.6 +1.0
EWJ iShares MSCI Japan ETF 6.0 50 -5 7.1 +0.6
FLJP Franklin FTSE Japan ETF 5.9 9 36 7.0 +0.4
DEW WisdomTree Global High Dividend Fund 5.9 58 -13 7.7 +1.2
FLJH Franklin FTSE Japan Hedged ETF 5.9 9 36 6.7 +0.1
FLSW Franklin FTSE Switzerland ETF 5.9 9 36 6.2 -0.4
DFSI Dimensional International Sustainability Core 1 ETF 5.9 24 21 6.6 +0.1
CGDG Capital Group Dividend Growers ETF 5.8 47 -2 6.3 -0.2
KNO AXS Knowledge Leaders ETF 5.8 78 -33 6.1 -0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.8 47 -2 7.1 +0.6
EWL iShares MSCI Switzerland ETF 5.8 50 -5 5.9 -0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.7 25 20 7.4 +0.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 5.7 65 -20 4.1 -2.5
FICS First Trust International Developed Capital Strength ETF 5.6 70 -25 5.7 -0.9
KXI iShares Global Consumer Staples ETF 5.5 41 4 5.4 -1.1
BBCA JPMorgan BetaBuilders Canada ETF 5.5 19 26 6.9 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 5.4 12 33 5.8 -0.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.4 58 -13 5.5 -1.0
AVSD Avantis Responsible International Equity ETF 5.4 23 22 6.8 +0.3
IPAC iShares Core MSCI Pacific ETF 5.4 9 36 7.1 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 5.3 10 35 6.1 -0.5
VIGI Vanguard International Dividend Appreciation ETF 5.3 15 30 6.2 -0.3
BINV Brandes International ETF 5.2 70 -25 9.5 +3.0
DGT SPDR Global Dow ETF 5.2 50 -5 7.5 +0.9
JHID John Hancock International High Dividend ETF 5.2 46 -1 10.3 +3.8
IOO iShares Global 100 ETF 5.2 41 4 5.4 -1.2
IGF iShares Global Infrastructure ETF 5.1 41 4 4.9 -1.7
GII SPDR S&P Global Infrastructure ETF 5.1 40 5 4.9 -1.7
TTAI FCF International Quality ETF 5.1 59 -14 6.9 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 5.1 42 3 5.4 -1.1
IXC iShares Global Energy ETF 5.1 44 1 9.8 +3.3
SCHY Schwab International Dividend Equity ETF 5.0 14 31 9.8 +3.2
DXJ WisdomTree Japan Hedged Equity Fund 5.0 48 -3 8.4 +1.9
UMMA Wahed Dow Jones Islamic World ETF 5.0 65 -20 5.3 -1.3
FEZ SPDR EURO STOXX 50 ETF 4.9 29 16 7.2 +0.6
OCEN IQ Clean Oceans ETF 4.9 45 0 5.7 -0.9
FKU First Trust United Kingdom AlphaDEX Fund 4.9 80 -35 7.9 +1.4
IXP iShares Global Comm Services ETF 4.9 42 3 6.7 +0.1
WWJD Inspire International ETF 4.9 80 -35 7.6 +1.0
VPL Vanguard FTSE Pacific ETF 4.6 8 37 7.7 +1.1
RWO SPDR Dow Jones Global Real Estate ETF 4.6 50 -5 2.9 -3.7
UMI USCF Midstream Energy Income Fund ETF 4.6 85 -40 4.5 -2.0
ENFR Alerian Energy Infrastructure ETF 4.6 35 10 5.0 -1.6
USAI Pacer American Energy Independence ETF 4.6 75 -30 4.5 -2.1
IDMO Invesco S&P International Developed Momentum ETF 4.4 25 20 5.7 -0.8
TPYP Tortoise North American Pipeline Fund 4.4 40 5 5.4 -1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.4 30 15 8.6 +2.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.4 25 20 6.5 -0.1
IQDF FlexShares International Quality Dividend Index Fund 4.3 47 -2 9.5 +3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.3 46 -1 10.4 +3.9
SCJ iShares MSCI Japan Small-Cap ETF 4.3 50 -5 6.8 +0.2
EWT iShares MSCI Taiwan ETF 4.2 58 -13 6.8 +0.3
CZAR Themes Natural Monopoly ETF 4.2 35 10 2.8 -3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 4.1 59 -14 6.2 -0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.1 65 -20 12.2 +5.6
EPP iShares MSCI Pacific ex-Japan ETF 4.1 47 -2 5.7 -0.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.1 19 26 6.3 -0.2
FLCA Franklin FTSE Canada ETF 4.0 9 36 7.0 +0.5
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 -10 8.4 +1.9
VGSR Vert Global Sustainable Real Estate ETF 3.9 47 -2 2.8 -3.7
EFG iShares MSCI EAFE Growth ETF 3.9 36 9 4.5 -2.1
QTUM Defiance Quantum ETF 3.9 40 5 7.7 +1.2
DIVS SmartETFs Dividend Builder ETF 3.9 65 -20 4.9 -1.6
FJP First Trust Japan AlphaDEX Fund 3.8 80 -35 10.3 +3.7
FYLD Cambria Foreign Shareholder Yield ETF 3.8 59 -14 12.5 +5.9
EWQ iShares MSCI France ETF 3.8 53 -8 7.0 +0.4
GQRE FlexShares Global Quality Real Estate Index Fund 3.8 45 0 4.1 -2.5
GLBL Pacer MSCI World Industry Advantage ETF 3.7 65 -20 5.0 -1.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.7 75 -30 7.3 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.7 29 16 8.7 +2.2
HEDJ WisdomTree Europe Hedged Equity Fund 3.6 58 -13 6.6 +0.0
ERET iShares Environmentally Aware Real Estate ETF 3.6 30 15 3.1 -3.5
VIDI Vident International Equity Strategy ETF 3.6 61 -16 12.0 +5.4
URTH iShares MSCI World ETF 3.5 24 21 5.5 -1.1
WRND IQ Global Equity R&D Leaders ETF 3.5 18 27 7.9 +1.3
FLTW Franklin FTSE Taiwan ETF 3.5 19 26 7.0 +0.5
EWA iShares MSCI Australia ETF 3.4 50 -5 6.1 -0.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 -20 8.6 +2.0
TOK iShares MSCI Kokusai ETF 3.3 26 19 5.2 -1.4
IPKW Invesco International BuyBack Achievers ETF 3.3 55 -10 15.3 +8.8
ACWI iShares MSCI ACWI ETF 3.2 32 13 6.0 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.2 9 36 6.1 -0.5
FLAU Franklin FTSE Australia ETF 3.2 9 36 6.4 -0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -35 10.0 +3.5
KOKU Xtrackers MSCI Kokusai Equity ETF 3.2 9 36 5.5 -1.1
EUFN iShares MSCI Europe Financials ETF 3.1 51 -6 8.5 +1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.1 58 -13 7.1 +0.5
CLNR IQ Cleaner Transport ETF 3.1 45 0 7.3 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 3.0 42 3 7.2 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 -3 7.8 +1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 3.0 49 -4 6.0 -0.6
IPAV Global X Infrastructure Development ex-U.S. ETF 3.0 55 -10 4.5 -2.1
GLOF iShares Global Equity Factor ETF 3.0 20 25 6.8 +0.3
GVAL Cambria Global Value ETF 3.0 68 -23 11.3 +4.7
KOCG FIS Knights of Columbus Global Belief ETF 3.0 75 -30 5.4 -1.2
FILL iShares MSCI Global Energy Producers ETF 3.0 39 6 11.4 +4.9
GNR SPDR S&P Global Natural Resources ETF 3.0 40 5 11.4 +4.9
FLGR Franklin FTSE Germany ETF 2.9 9 36 6.8 +0.3
FGM First Trust Germany AlphaDEX Fund 2.9 80 -35 9.0 +2.5
DAX Global X DAX Germany ETF 2.9 21 24 6.8 +0.2
EWG iShares MSCI Germany ETF 2.9 50 -5 6.5 -0.0
VT Vanguard Total World Stock ETF 2.9 7 38 6.3 -0.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.9 58 -13 9.0 +2.4
CGIE Capital Group International Equity ETF 2.9 54 -9 5.1 -1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.9 40 5 5.6 -1.0
COPY Tweedy, Browne Insider + Value ETF 2.9 80 -35 12.6 +6.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.8 12 33 5.1 -1.4
SCZ iShares MSCI EAFE Small-Cap ETF 2.8 40 5 7.4 +0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.8 47 -2 9.0 +2.4
XCEM Columbia EM Core ex-China ETF 2.8 16 29 8.5 +1.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 0 0.0 -6.6
ICLN iShares Global Clean Energy ETF 2.7 41 4 6.4 -0.2
MOTI VanEck Morningstar International Moat ETF 2.7 58 -13 12.8 +6.3
KNCT Invesco Next Gen Connectivity ETF 2.7 40 5 5.1 -1.5
EWI iShares MSCI Italy ETF 2.7 50 -5 10.0 +3.5
REET iShares Global REIT ETF 2.6 14 31 3.3 -3.2
AVRE Avantis Real Estate ETF 2.6 17 28 3.3 -3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.6 20 25 6.0 -0.5
EMLP First Trust North American Energy Infrastructure Fund 2.6 95 -50 5.1 -1.5
JGLO JPMorgan Global Select Equity ETF 2.6 33 12 5.1 -1.4
IXJ iShares Global Healthcare ETF 2.6 42 3 6.6 +0.0
BLES Inspire Global Hope ETF 2.5 61 -16 6.8 +0.3
IVRA Invesco Real Assets ESG ETF 2.5 59 -14 3.5 -3.0
NDIV Amplify Natural Resources Dividend Income ETF 2.5 59 -14 10.2 +3.7
EWP iShares MSCI Spain ETF 2.5 50 -5 7.8 +1.3
AQWA Global X Clean Water ETF 2.5 50 -5 5.0 -1.5
CGW Invesco S&P Global Water Index ETF 2.5 57 -12 4.8 -1.8
PIO Invesco Global Water ETF 2.5 75 -30 4.9 -1.6
EFRA iShares Environmental Infrastructure and Industrials ETF 2.5 47 -2 4.4 -2.2
EBLU Ecofin Global Water ESG Fund 2.5 40 5 4.4 -2.1
IXG iShares Global Financials ETF 2.5 42 3 7.2 +0.7
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 6 11.0 +4.5
DFGR Dimensional Global Real Estate ETF 2.4 22 23 3.2 -3.4
DFIS Dimensional International Small Cap ETF 2.4 39 6 7.9 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.4 24 21 8.3 +1.8
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 6 6.3 -0.3
IDNA iShares Genomics Immunology and Healthcare ETF 2.3 47 -2 -2.1 -8.6
PID Invesco International Dividend Achievers ETF 2.3 53 -8 5.8 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 15 9.3 +2.8
ECLN First Trust EIP Carbon Impact ETF 2.2 96 -51 4.0 -2.5
IEUS iShares MSCI Europe Small-Cap ETF 2.2 42 3 7.2 +0.6
ISCF iShares International SmallCap Equity Factor ETF 2.2 23 22 8.6 +2.0
EWS iShares MSCI Singapore ETF 2.2 50 -5 5.2 -1.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.1 80 -35 9.7 +3.2
WDNA WisdomTree BioRevolution Fund 2.1 45 0 0.0 -6.6
RITA ETFB Green SRI REITs ETF 2.1 50 -5 2.4 -4.2
SCHC Schwab International Small-Cap Equity ETF 2.1 11 34 7.1 +0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.0 44 1 11.0 +4.5
FAN First Trust Global Wind Energy ETF 2.0 60 -15 5.3 -1.3
EINC VanEck Energy Income ETF 2.0 48 -3 5.0 -1.6
RNEM First Trust Emerging Markets Equity Select ETF 2.0 75 -30 1.0 -5.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.0 80 -35 4.9 -1.6
DISV Dimensional International Small Cap Value ETF 2.0 42 3 9.7 +3.1
EWH iShares MSCI Hong Kong ETF 2.0 50 -5 6.1 -0.5
HART IQ Healthy Hearts ETF 1.9 45 0 6.6 +0.0
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.9 60 -15 2.5 -4.0
CGXU Capital Group International Focus Equity ETF 1.9 54 -9 5.9 -0.7
EIPI FT Energy Income Partners Enhanced Income ETF 1.8 110 -65 6.0 -0.6
DVYA iShares Asia/Pacific Dividend ETF 1.8 49 -4 8.9 +2.4
WLDR Affinity World Leaders Equity ETF 1.8 67 -22 8.3 +1.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 -7 6.7 +0.1
CRTC Xtrackers US National Critical Technologies ETF 1.8 35 10 5.3 -1.3
FDEM Fidelity Emerging Markets Multifactor ETF 1.7 25 20 13.5 +7.0
JSTC Adasina Social Justice All Cap Global ETF 1.7 89 -44 4.5 -2.1
FRNW Fidelity Clean Energy ETF 1.7 39 6 4.2 -2.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.6 50 -5 11.6 +5.0
EWY iShares MSCI South Korea ETF 1.6 58 -13 10.5 +3.9
IBAT iShares Energy Storage & Materials ETF 1.5 47 -2 5.3 -1.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 4 6.5 -0.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.5 70 -25 15.8 +9.2
IWTR iShares MSCI Water Management Multisector ETF 1.5 47 -2 6.5 -0.1
FLKR Franklin FTSE South Korea ETF 1.5 9 36 11.2 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 1.5 17 28 12.9 +6.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 0 11.1 +4.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.4 7 38 7.0 +0.5
CGGO Capital Group Global Growth Equity ETF 1.4 47 -2 5.0 -1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.4 78 -33 9.6 +3.0
BKCI BNY Mellon Concentrated International ETF 1.4 80 -35 4.9 -1.6
SRET Global X SuperDividend REIT ETF 1.4 59 -14 8.1 +1.6
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 1 11.3 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -25 9.8 +3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 -4 7.3 +0.8
FLHK Franklin FTSE Hong Kong ETF 1.3 9 36 6.8 +0.3
RAYD Rayliant Quantitative Developed Market Equity ETF 1.3 80 -35 4.7 -1.8
ABEQ Absolute Select Value ETF 1.3 85 -40 4.9 -1.6
YLDE ClearBridge Dividend Strategy ESG ETF 1.3 60 -15 5.4 -1.1
DIVZ TrueShares Low Volatility Equity Income ETF 1.3 65 -20 6.6 +0.0
ICAP InfraCap Equity Income Fund ETF 1.3 171 -126 5.2 -1.3
FTWO Strive FAANG 2.0 ETF 1.3 49 -4 5.1 -1.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 20 8.0 +1.4
MDLV Morgan Dempsey Large Cap Value ETF 1.2 58 -13 7.0 +0.4
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 29 8.4 +1.9
EIPX FT Energy Income Partners Strategy ETF 1.2 95 -50 7.4 +0.8
EWN iShares MSCI Netherlands ETF 1.2 50 -5 5.9 -0.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -35 13.8 +7.3
PAWZ ProShares Pet Care ETF 1.2 50 -5 3.9 -2.7
OSEA Harbor International Compounders ETF 1.2 55 -10 4.7 -1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -16 1.4 -5.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.2 49 -4 4.8 -1.8
FDCF Fidelity Disruptive Communications ETF 1.2 50 -5 3.3 -3.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -10 5.5 -1.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 -18 13.6 +7.1
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 -4 10.5 +4.0
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -30 4.8 -1.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 -34 5.9 -0.7
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 -4 5.9 -0.7
AGQI First Trust Active Global Quality Income ETF 1.1 85 -40 6.6 +0.1
HAP VanEck Natural Resources ETF 1.1 50 -5 10.0 +3.5
SMOG VanEck Low Carbon Energy ETF 1.1 61 -16 1.5 -5.0
VOLT Tema Electrification ETF 1.1 75 -30 3.3 -3.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.1 15 30 0.0 -6.6
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 26 10.8 +4.3
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 20 12.4 +5.9
SDIV Global X Superdividend ETF 1.0 58 -13 13.9 +7.3
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -21 13.1 +6.5
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 -4 10.7 +4.2
ECON Columbia Emerging Markets Consumer ETF 1.0 49 -4 12.9 +6.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 6 16.9 +10.4
AVES Avantis Emerging Markets Value ETF 1.0 36 9 12.2 +5.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 0 11.0 +4.5
PBD Invesco Global Clean Energy ETF 0.9 75 -30 0.4 -6.1
CANC Tema Oncology ETF 0.9 75 -30 -2.0 -8.6
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.9 75 -30 0.9 -5.7
GINN Goldman Sachs Innovate Equity ETF 0.9 52 -7 4.4 -2.2
FFND Future Fund Active ETF 0.9 100 -55 4.7 -1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 15 10.6 +4.0
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 -11 2.6 -4.0
KROP Global X AgTech & Food Innovation ETF 0.9 50 -5 7.0 +0.5
ESGE iShares ESG Aware MSCI EM ETF 0.9 25 20 10.7 +4.1
STXE Strive Emerging Markets Ex-China ETF 0.9 32 13 8.2 +1.6
FRDM Freedom 100 Emerging Markets ETF 0.9 49 -4 9.1 +2.5
XC WisdomTree Emerging Markets Ex-China Fund 0.9 32 13 5.5 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -4 10.0 +3.5
IVEG iShares Emergent Food and AgTech Multisector ETF 0.9 47 -2 8.5 +2.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 30 8.6 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 9 8.1 +1.6
EEM iShares MSCI Emerging Markets ETF 0.8 69 -24 10.7 +4.2
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -17 2.5 -4.1
ISHP First Trust Nasdaq Retail ETF 0.8 60 -15 5.5 -1.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.8 70 -25 4.5 -2.0
FPXI First Trust International Equity Opportunities ETF 0.8 70 -25 3.9 -2.7
NORW Global X MSCI Norway ETF 0.8 50 -5 10.2 +3.7
ENOR iShares MSCI Norway ETF 0.8 53 -8 10.2 +3.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 13 7.0 +0.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.8 85 -40 3.9 -2.6
BCDF Horizon Kinetics Blockchain Development ETF 0.8 85 -40 4.5 -2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -21 10.2 +3.6
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 10 10.2 +3.6
OAIM OneAscent International Equity ETF 0.7 95 -50 6.2 -0.4
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 36 10.9 +4.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 4 9.4 +2.8
ASEA Global X FTSE Southeast Asia ETF 0.7 65 -20 6.9 +0.4
THD iShares MSCI Thailand ETF 0.7 58 -13 5.1 -1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 30 10.8 +4.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 34 11.8 +5.2
RXI iShares Global Consumer Discretionary ETF 0.7 41 4 9.2 +2.7
SCHE Schwab Emerging Markets Equity ETF 0.7 11 34 11.6 +5.0
AZTD Aztlan Global Stock Selection DM SMID ETF 0.7 75 -30 8.4 +1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 9 11.2 +4.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 -4 16.7 +10.1
EWD iShares MSCI Sweden ETF 0.7 54 -9 5.6 -1.0
STCE Schwab Crypto Thematic ETF 0.7 30 15 1.8 -4.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -14 7.4 +0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 13 9.6 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 7 9.9 +3.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.6 60 -15 8.0 +1.4
FPAG FPA Global Equity ETF 0.6 49 -4 6.3 -0.3
DFEV Dimensional Emerging Markets Value ETF 0.6 43 2 14.5 +7.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 3 6.8 +0.2
XT iShares Exponential Technologies ETF 0.6 46 -1 5.5 -1.1
ENZL iShares MSCI New Zealand ETF 0.5 50 -5 3.4 -3.1
KLMN Invesco MSCI North America Climate ETF 0.5 9 36 5.3 -1.3
AVEM Avantis Emerging Markets Equity ETF 0.5 33 12 9.7 +3.1
JIG JPMorgan International Growth ETF 0.5 55 -10 4.8 -1.8
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 37 10.9 +4.3
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 38 10.9 +4.4
AIA iShares Asia 50 ETF 0.5 50 -5 14.7 +8.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 -14 13.7 +7.1
CUT Invesco MSCI Global Timber ETF 0.5 61 -16 9.1 +2.6
EFNL iShares MSCI Finland ETF 0.5 56 -11 7.4 +0.9
MXI iShares Global Materials ETF 0.4 41 4 8.0 +1.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.4 58 -13 8.3 +1.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 -13 7.7 +1.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.4 75 -30 10.3 +3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 12 10.6 +4.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.4 60 -15 11.0 +4.5
EWM iShares MSCI Malaysia ETF 0.4 50 -5 6.6 +0.0
EXI iShares Global Industrials ETF 0.3 42 3 4.9 -1.7
IXN iShares Global Tech ETF 0.3 41 4 4.5 -2.0
GVLU Gotham 1000 Value ETF 0.3 50 -5 9.1 +2.5
AVDV Avantis International Small Cap Value ETF 0.3 36 9 10.9 +4.4
UAE iShares MSCI UAE ETF 0.3 59 -14 9.0 +2.5
RVRB Reverb ETF 0.3 30 15 3.7 -2.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 10 21.6 +15.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.2 95 -50 13.1 +6.5
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -13 8.9 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 16 6.2 -0.4
NANR SPDR S&P North American Natural Resources ETF 0.1 35 10 8.4 +1.8
AMZA InfraCap MLP ETF 0.0 164 -119 7.5 +0.9

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%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SPDR S&P International Dividend ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
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		 1.65 CATEGORY
AVERAGE		 1.60
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.