SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 9.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Emerging Markets Dividend ETF's objective is to replicate as closely as possible the performance of the S&P Emerging Markets Dividend Opportunities Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Feb 23, 2011
Assets (mns) $961
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $13,853
Large cap (>$10bn) 37.3%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 11.7%
Developed mkts 7.7%
Emerging mkts 92.3%

TOP TEN HOLDINGS
AMBEV-SA 4.2 %
PTT PCL-NVDR 3.4 %
BANCO DO BRASIL SA 3.3 %
SAUDI TELECOM CO. 2.9 %
NEDBANK GROUP LTD 2.8 %
STANDARD BANK GROUP LTD 2.5 %
EMBOTELLADORAS ARCA SAB-NOM 2.4 %
ADVANCED INFO SERVICE PUBLIC CO., 2.2 %
TENAGA NASIONAL BHD 2.2 %
NEPI ROCKCASTLE N.V. 2.1 %
Total 28.0 %

TOP COUNTRY EXPOSURE
TAIWAN 19.9 %
THAILAND 13.1 %
SOUTH AFRICA 12.0 %
MALAYSIA 11.4 %
BRAZIL 9.8 %
CHINA 6.7 %
SAUDI ARABIA 4.7 %
MEXICO 4.4 %
UAE 2.3 %
INDIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.5% 14.7% 12.6% 8.8% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.42 42%
MSCI EAFE 0.59 61%
MSCI Emg. Mkts. 0.61 74%

Technical Indicators
Recent close $38.92
30d moving avg. $38.75
Annualized volatility 12.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 114
Turnover 0.5%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 224 potential alternatives to the SPDR S&P Emerging Markets Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with EDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EDIV Expense: 49 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDIV
Ticker Fund
Name		 Overlap1
vs EDIV
(%)		 Expense
ratio
(bp)		 Savings
vs EDIV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EDIV
(%)
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.7 29 20 8.7 -0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 14.2 25 24 6.3 -3.1
DWX SPDR S&P International Dividend ETF 13.9 45 4 7.2 -2.2
ASEA Global X FTSE Southeast Asia ETF 12.5 65 -16 6.1 -3.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.1 40 9 6.7 -2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.9 44 5 10.3 +0.9
EWM iShares MSCI Malaysia ETF 10.2 50 -1 6.3 -3.1
EZA iShares MSCI South Africa ETF 9.8 58 -9 9.5 +0.2
THD iShares MSCI Thailand ETF 9.4 58 -9 0.0 -9.4
EMMF WisdomTree Emerging Markets Multifactor Fund 9.3 48 1 7.0 -2.3
DEM WisdomTree Emerging Markets High Dividend Fund 8.9 63 -14 12.7 +3.4
XCEM Columbia EM Core ex-China ETF 8.4 16 33 7.7 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 8.0 44 5 11.3 +2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.0 32 17 6.3 -3.0
FRDM Freedom 100 Emerging Markets ETF 7.7 49 0 7.2 -2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.7 30 19 8.5 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 7.7 24 25 7.3 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.8 39 10 16.3 +7.0
FTHF First Trust Emerging Markets Human Flourishing ETF 6.4 75 -26 9.3 -0.0
EYLD Cambria Emerging Shareholder Yield ETF 6.3 66 -17 11.7 +2.3
FLTW Franklin FTSE Taiwan ETF 6.2 19 30 5.9 -3.5
FLBR Franklin FTSE Brazil ETF 6.1 19 30 14.3 +4.9
EMXF iShares ESG Advanced MSCI EM ETF 6.1 16 33 7.9 -1.5
AFK VanEck Africa Index ETF 6.0 98 -49 14.0 +4.6
RNEM First Trust Emerging Markets Equity Select ETF 5.8 75 -26 8.5 -0.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.7 45 4 10.3 +0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 5.7 15 34 7.2 -2.2
FDEM Fidelity Emerging Markets Multifactor ETF 5.6 25 24 12.3 +3.0
JHEM John Hancock Multifactor Emerging Markets ETF 5.4 49 0 9.5 +0.2
ECON Columbia Emerging Markets Consumer ETF 5.4 49 0 11.7 +2.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.3 75 -26 10.3 +0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 5.3 15 34 7.5 -1.8
STXE Strive Emerging Markets Ex-China ETF 5.3 32 17 7.5 -1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.3 50 -1 10.4 +1.0
EWT iShares MSCI Taiwan ETF 5.3 58 -9 5.6 -3.8
EMXC iShares MSCI Emerging Markets ex China ETF 5.3 25 24 7.0 -2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 5.2 49 0 15.0 +5.7
SCHY Schwab International Dividend Equity ETF 5.2 14 35 9.6 +0.3
FLLA Franklin FTSE Latin America ETF 5.1 19 30 12.5 +3.1
EWZ iShares MSCI Brazil ETF 5.1 58 -9 12.8 +3.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.0 70 -21 12.3 +3.0
LDEM iShares ESG MSCI EM Leaders ETF 4.9 17 32 13.0 +3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.7 20 29 27,699.8 +27,690.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.6 67 -18 14.7 +5.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.6 35 14 12.7 +3.3
ESGE iShares ESG Aware MSCI EM ETF 4.6 25 24 9.9 +0.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.5 15 34 9.6 +0.2
SCHE Schwab Emerging Markets Equity ETF 4.5 11 38 11.0 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.5 66 -17 9.0 -0.3
EWW iShares MSCI Mexico ETF 4.4 50 -1 9.0 -0.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.4 33 16 8.0 -1.4
DVYE iShares Emerging Markets Dividend ETF 4.4 49 0 18.1 +8.7
BKEM BNY Mellon Emerging Markets Equity ETF 4.4 11 38 9.3 -0.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 4.3 53 -4 7.2 -2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 4.3 36 13 7.2 -2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.2 59 -10 8.5 -0.8
VWO Vanguard FTSE Emerging Markets ETF 4.2 7 42 10.3 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.2 30 19 9.7 +0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.2 60 -11 10.7 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.2 45 4 9.7 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 4.1 32 17 6.3 -3.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.1 58 -9 9.5 +0.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.1 90 -41 5.1 -4.3
KSA iShares MSCI Saudi Arabia ETF 4.0 74 -25 0.0 -9.4
SPEM SPDR Portfolio Emerging Markets ETF 4.0 7 42 10.5 +1.2
EEM iShares MSCI Emerging Markets ETF 4.0 69 -20 9.6 +0.2
AVES Avantis Emerging Markets Value ETF 4.0 36 13 10.6 +1.3
DEHP Dimensional Emerging Markets High Profitability ETF 3.9 41 8 6.5 -2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.8 33 16 9.5 +0.1
FLMX Franklin FTSE Mexico ETF 3.8 19 30 9.7 +0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.8 36 13 9.2 -0.2
FLSA Franklin FTSE Saudi Arabia ETF 3.8 39 10 0.0 -9.4
IEMG iShares Core MSCI Emerging Markets ETF 3.7 9 40 9.9 +0.5
DFAE Dimensional Emerging Core Equity Market ETF 3.5 35 14 8.7 -0.7
FEM First Trust Emerging Markets AlphaDEX Fund 3.4 80 -31 11.6 +2.3
EMGF iShares Emerging Markets Equity Factor ETF 3.3 25 24 10.9 +1.6
FLN First Trust Latin America AlphaDEX Fund 3.3 80 -31 11.7 +2.3
AVEM Avantis Emerging Markets Equity ETF 3.2 33 16 8.2 -1.2
RODE Hartford Multifactor Diversified International ETF 3.2 29 20 10.3 +1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.1 38 11 8.7 -0.7
VIDI Vident International Equity Strategy ETF 3.1 61 -12 10.3 +0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 3.1 33 16 7.9 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.1 32 17 8.6 -0.8
ILF iShares Latin America 40 ETF 3.0 48 1 11.7 +2.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.8 78 -29 9.2 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.8 19 30 8.6 -0.8
GMF SPDR S&P Emerging Asia Pacific ETF 2.8 49 0 9.6 +0.2
JADE JPMorgan Active Developing Markets Equity ETF 2.8 65 -16 7.8 -1.6
OTGL OTG Latin America ETF 2.8 269 -220 8.3 -1.1
DFEV Dimensional Emerging Markets Value ETF 2.7 43 6 11.9 +2.5
VYMI Vanguard International High Dividend Yield ETF 2.7 17 32 8.9 -0.4
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -40 4.8 -4.6
EEMA iShares MSCI Emerging Markets Asia ETF 2.7 49 0 9.3 -0.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.7 88 -39 8.8 -0.6
MOTI VanEck Morningstar International Moat ETF 2.6 58 -9 10.5 +1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 8 8.2 -1.2
JCHI JPMorgan Active China ETF 2.4 65 -16 14.6 +5.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.4 70 -21 8.5 -0.8
EEMO Invesco S&P Emerging Markets Momentum ETF 2.4 29 20 7.6 -1.8
UAE iShares MSCI UAE ETF 2.3 59 -10 0.0 -9.4
SDG iShares MSCI Global Sustainable Development Goals ETF 2.2 49 0 5.2 -4.2
NXTG First Trust Indxx NextG ETF 2.2 70 -21 4.9 -4.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 -3 8.8 -0.6
FCA First Trust China AlphaDEX Fund 2.1 80 -31 9.9 +0.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.1 42 7 9.3 -0.0
WWJD Inspire International ETF 2.1 80 -31 7.1 -2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 2 7.7 -1.7
EMM Global X Emerging Markets ex-China ETF 2.0 75 -26 6.9 -2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -11 8.0 -1.4
INCO Columbia India Consumer ETF 2.0 75 -26 1.8 -7.5
INDY iShares India 50 ETF 2.0 89 -40 5.1 -4.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.9 80 -31 5.0 -4.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.9 70 -21 7.6 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -46 11.9 +2.6
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 7.9 -1.5
ISHP First Trust Nasdaq Retail ETF 1.7 60 -11 5.7 -3.7
QAT iShares MSCI Qatar ETF 1.7 59 -10 50.8 +41.4
DEW WisdomTree Global High Dividend Fund 1.7 58 -9 8.1 -1.3
MEM Matthews Emerging Markets Equity Active ETF 1.6 79 -30 7.4 -2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.5 79 -30 7.6 -1.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -31 14.4 +5.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 -16 8.0 -1.4
VSGX Vanguard ESG International Stock ETF 1.3 10 39 7.5 -1.9
FXI iShares China Large-Cap ETF 1.3 74 -25 17.3 +7.9
KALL KraneShares MSCI All China Index ETF 1.3 49 0 13.4 +4.0
BKF iShares MSCI BIC ETF 1.3 69 -20 13.3 +4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 8 7.1 -2.2
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -11 7.8 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 15 7.2 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 45 7.6 -1.7
EPHE iShares MSCI Philippines ETF 1.2 59 -10 0.0 -9.4
VXUS Vanguard Total International Stock ETF 1.2 5 44 7.6 -1.8
RFEU First Trust Riverfront Dynamic Europe ETF 1.1 83 -34 10.0 +0.6
GREK Global X MSCI Greece ETF 1.1 57 -8 10.7 +1.3
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 42 7.5 -1.9
IGRO iShares International Dividend Growth ETF 1.1 15 34 6.9 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 31 7.2 -2.2
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -26 8.7 -0.6
BLES Inspire Global Hope ETF 1.1 61 -12 6.8 -2.6
JIVE JPMorgan International Value ETF 1.0 55 -6 10.6 +1.2
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 2 8.3 -1.0
RCGE RockCreek Global Equality ETF 1.0 95 -46 6.6 -2.8
BINV Brandes International ETF 1.0 70 -21 9.1 -0.3
FLCH Franklin FTSE China ETF 1.0 19 30 15.7 +6.4
OSEA Harbor International Compounders ETF 1.0 55 -6 4.9 -4.5
IDX VanEck Indonesia Index ETF 1.0 57 -8 7.0 -2.4
EIDO iShares MSCI Indonesia ETF 1.0 59 -10 7.7 -1.7
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 19 7.3 -2.1
EMIF iShares Emerging Markets Infrastructure ETF 0.9 60 -11 3.3 -6.1
WDIV SPDR S&P Global Dividend ETF 0.9 40 9 8.9 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 19 7.4 -1.9
JIG JPMorgan International Growth ETF 0.9 55 -6 4.7 -4.6
MCHI iShares MSCI China ETF 0.9 59 -10 17.3 +7.9
FLIN Franklin FTSE India ETF 0.9 19 30 4.0 -5.3
PIN Invesco India ETF 0.9 78 -29 4.7 -4.6
INDA iShares MSCI India ETF 0.9 65 -16 4.5 -4.8
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 39 6.3 -3.1
ARVR First Trust Indxx Metaverse ETF 0.8 70 -21 4.0 -5.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -34 9.0 -0.4
GVAL Cambria Global Value ETF 0.8 68 -19 10.4 +1.0
EPI WisdomTree India Earnings Fund 0.7 85 -36 4.9 -4.4
GXC SPDR S & P China ETF 0.7 59 -10 16.2 +6.8
PBD Invesco Global Clean Energy ETF 0.7 75 -26 0.8 -8.6
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -31 7.4 -2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 37 8.2 -1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 39 6.7 -2.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.7 80 -31 9.7 +0.4
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -10 6.9 -2.5
CGDG Capital Group Dividend Growers ETF 0.6 47 2 6.0 -3.4
IGF iShares Global Infrastructure ETF 0.6 41 8 4.6 -4.7
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.6 -4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 7.1 -2.3
FEP First Trust Europe AlphaDEX Fund 0.5 80 -31 7.8 -1.5
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 2 7.7 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 29 5.4 -4.0
WRND IQ Global Equity R&D Leaders ETF 0.5 18 31 7.6 -1.7
ACWI iShares MSCI ACWI ETF 0.4 32 17 5.3 -4.0
VT Vanguard Total World Stock ETF 0.4 6 43 5.7 -3.6
EPOL iShares MSCI Poland ETF 0.4 59 -10 10.8 +1.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -31 8.4 -1.0
REET iShares Global REIT ETF 0.4 14 35 7.7 -1.7
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -10 9.4 +0.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -6 6.5 -2.9
AIA iShares Asia 50 ETF 0.4 50 -1 12.9 +3.5
DFGR Dimensional Global Real Estate ETF 0.3 22 27 7.9 -1.5
IXP iShares Global Comm Services ETF 0.3 42 7 5.8 -3.5
CLNR IQ Cleaner Transport ETF 0.3 45 4 5.2 -4.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 39 5.6 -3.8
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 7.1 -2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 5.5 -3.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 37 4.9 -4.4
TTAI FCF International Quality ETF 0.3 59 -10 7.4 -2.0
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -11 10.3 +0.9
BRF VanEck Brazil Small-Cap ETF 0.2 66 -17 11.7 +2.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -10 11.8 +2.4
GLOF iShares Global Equity Factor ETF 0.2 20 29 6.7 -2.7
XT iShares Exponential Technologies ETF 0.2 46 3 4.5 -4.9
GEW Cambria Global EW ETF 0.2 29 20 5.9 -3.5
SNSR Global X Internet of Things ETF 0.2 68 -19 4.7 -4.7
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 4.7 -4.7
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 -6 6.3 -3.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.9 -3.5
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.7 -3.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 2 5.3 -4.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 7.5 -1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 12 7.8 -1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 7 6.6 -2.8
IXG iShares Global Financials ETF 0.1 42 7 6.4 -3.0
AVRE Avantis Real Estate ETF 0.1 17 32 7.4 -1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.7 -2.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 10 5.9 -3.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -21 7.6 -1.8
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 5.1 -4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 10 10.4 +1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 7.0 -2.3
VPL Vanguard FTSE Pacific ETF 0.0 7 42 6.3 -3.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 6.5 -2.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 6.7 -2.6
VGK Vanguard FTSE Europe ETF 0.0 6 43 7.2 -2.2
SPEU SPDR Portfolio Europe ETF 0.0 7 42 7.1 -2.3
SCHF Schwab International Equity ETF 0.0 6 43 7.0 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.5 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 8.3 -1.1
SDIV Global X Superdividend ETF 0.0 58 -9 16.7 +7.3

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 Emerging Markets 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 12.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.54
 
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.