SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 10.9% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 8.6x P/Sales
ratio		 0.9x
P/BV
ratio		 1.0x Div.
yield		 5.4%


  • 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) $376
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 106
Wgt avg mkt cap (mns) $28,329
Large cap (>$10bn) 51.2%
Mid cap ($2-10bn) 36.1%
Small cap (<$2bn) 12.6%
Developed mkts 9.5%
Emerging mkts 90.5%

TOP TEN HOLDINGS
PETROCHINA CO LTD-H 4.1 %
POWER GRID CORP OF INDIA LTD 3.4 %
NTPC LIMITED 3.2 %
MALAYAN BANKING BHD 3.0 %
SAUDI TELECOM CO. 2.7 %
HERO HONDA MOTORS LIMITED 2.7 %
SANLAM LTD 2.5 %
QATAR NATIONAL BANK 2.5 %
ADVANCED INFO SERVICE PUBLIC CO., 2.5 %
CHINA RESOURCES LAND LTD 2.5 %
Total 29.1 %

TOP COUNTRY EXPOSURE
TAIWAN 26.1 %
CHINA 17.8 %
INDIA 10.2 %
HONG KONG 9.3 %
THAILAND 7.4 %
MALAYSIA 6.4 %
QATAR 5.6 %
MEXICO 3.5 %
SOUTH AFRICA 3.2 %
SAUDI ARABIA 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.6% 38.6% 6.2% 3.3% 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.52 37%
MSCI EAFE 0.67 59%
MSCI Emg. Mkts. 0.77 81%

Technical Indicators
Recent close $33.46
30d moving avg. $30.72
Annualized volatility 15.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 141
Turnover 1.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $2,933

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 279 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™: 10.9%


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
(%)
DEM WisdomTree Emerging Markets High Dividend Fund 19.0 63 -14 12.9 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.9 40 9 7.1 -3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 17.3 25 24 7.0 -3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 16.2 39 10 12.5 +1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.1 29 20 8.3 -2.6
ROAM Hartford Multifactor Emerging Markets ETF 16.0 44 5 11.7 +0.8
FCA First Trust China AlphaDEX Fund 13.1 80 -31 17.6 +6.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.8 50 -1 10.5 -0.3
FXI iShares China Large-Cap ETF 12.6 74 -25 9.6 -1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 12.6 49 0 12.4 +1.5
DVYE iShares Emerging Markets Dividend ETF 12.5 49 0 16.6 +5.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 12.1 30 19 8.5 -2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.9 45 4 12.7 +1.8
DFEV Dimensional Emerging Markets Value ETF 11.7 43 6 10.9 +0.0
RODE Hartford Multifactor Diversified International ETF 11.3 29 20 11.5 +0.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.2 44 5 10.3 -0.6
FDEM Fidelity Emerging Markets Multifactor ETF 11.1 25 24 11.9 +1.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.6 70 -21 11.4 +0.5
EWT iShares MSCI Taiwan ETF 10.4 58 -9 5.7 -5.1
EYLD Cambria Emerging Shareholder Yield ETF 10.2 66 -17 12.1 +1.2
DWX SPDR S&P International Dividend ETF 9.8 45 4 7.1 -3.8
AIA iShares Asia 50 ETF 9.6 50 -1 6.9 -4.0
FLTW Franklin FTSE Taiwan ETF 9.5 19 30 6.0 -4.9
EMXF iShares ESG Advanced MSCI EM ETF 9.1 16 33 7.4 -3.4
GMF SPDR S&P Emerging Asia Pacific ETF 9.0 49 0 6.4 -4.5
MCHI iShares MSCI China ETF 8.8 59 -10 8.9 -2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 8.8 58 -9 10.1 -0.8
GXC SPDR S&P China ETF 8.7 59 -10 9.0 -1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.7 88 -39 6.2 -4.7
XCEM Columbia EM Core ex-China ETF 8.6 16 33 7.4 -3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.6 20 29 7.5 -3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 8.5 29 20 6.2 -4.7
ECON Columbia Emerging Markets Consumer ETF 8.5 49 0 4.8 -6.1
FLCH Franklin FTSE China ETF 8.4 19 30 9.6 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 8.4 49 0 8.3 -2.5
SCHE Schwab Emerging Markets Equity ETF 8.3 11 38 7.6 -3.3
LDEM iShares ESG MSCI EM Leaders ETF 8.3 17 32 7.7 -3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 8.2 48 1 9.4 -1.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.1 67 -18 17.5 +6.6
EEMA iShares MSCI Emerging Markets Asia ETF 8.1 49 0 6.7 -4.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 8.1 49 0 19.0 +8.1
VWO Vanguard FTSE Emerging Markets ETF 7.6 8 41 7.6 -3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 7.6 66 -17 7.2 -3.7
NUEM Nuveen ESG Emerging Markets Equity ETF 7.5 36 13 6.8 -4.1
EEM iShares MSCI Emerging Markets ETF 7.5 69 -20 7.0 -3.9
DFAE Dimensional Emerging Core Equity Market ETF 7.5 35 14 7.7 -3.2
SPEM SPDR Portfolio Emerging Markets ETF 7.5 7 42 7.5 -3.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.5 70 -21 6.3 -4.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.4 15 34 7.1 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.3 30 19 7.5 -3.4
EMGF iShares Emerging Markets Equity Factor ETF 7.3 25 24 8.7 -2.2
KALL KraneShares MSCI All China Index ETF 7.2 49 0 9.4 -1.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.2 45 4 8.6 -2.3
AVEM Avantis Emerging Markets Equity ETF 7.1 33 16 9.1 -1.8
BKEM BNY Mellon Emerging Markets Equity ETF 7.1 11 38 7.7 -3.2
FLAX Franklin FTSE Asia Ex Japan ETF 7.0 19 30 7.2 -3.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.0 59 -10 9.6 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 6.9 9 40 7.5 -3.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.9 24 25 7.1 -3.7
RNEM First Trust Emerging Markets Equity Select ETF 6.9 75 -26 8.2 -2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.7 36 13 7.5 -3.4
BKF iShares MSCI BIC ETF 6.7 69 -20 7.1 -3.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.6 90 -41 7.0 -3.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 6.6 68 -19 8.8 -2.1
ESGE iShares ESG Aware MSCI EM ETF 6.5 25 24 7.7 -3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.5 38 11 8.2 -2.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 6.5 18 31 7.9 -3.0
EWM iShares MSCI Malaysia ETF 6.4 50 -1 5.7 -5.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 6.4 20 29 10.7 -0.2
EMXC iShares MSCI Emerging Markets ex China ETF 6.3 25 24 6.7 -4.2
AVES Avantis Emerging Markets Value ETF 6.3 36 13 12.1 +1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.2 41 8 7.8 -3.1
ACWV iShares MSCI Global Min Vol Factor ETF 6.1 20 29 6.7 -4.2
FEM First Trust Emerging Markets AlphaDEX Fund 6.1 80 -31 16.3 +5.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 6.0 80 -31 6.1 -4.8
CN Xtrackers MSCI All China Equity ETF 6.0 50 -1 8.7 -2.2
THD iShares MSCI Thailand ETF 5.8 58 -9 5.8 -5.1
ASEA Global X FTSE Southeast Asia ETF 5.8 65 -16 6.5 -4.4
EPI WisdomTree India Earnings Fund 5.7 85 -36 6.6 -4.3
QAT iShares MSCI Qatar ETF 5.6 59 -10 9.3 -1.6
STXE Strive Emerging Markets Ex-China ETF 5.4 32 17 6.9 -4.0
FRDM Freedom 100 Emerging Markets ETF 5.4 49 0 7.3 -3.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.3 80 -31 14.2 +3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.2 78 -29 8.8 -2.0
MCH Matthews China Active ETF 5.2 79 -30 6.1 -4.8
DEHP Dimensional Emerging Markets High Profitability ETF 5.0 41 8 7.3 -3.6
VIDI Vident International Equity Strategy ETF 5.0 61 -12 11.9 +1.0
XC WisdomTree Emerging Markets Ex-China Fund 5.0 32 17 6.2 -4.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.9 32 17 7.6 -3.3
SCHY Schwab International Dividend Equity ETF 4.8 14 35 9.3 -1.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -11 14.7 +3.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.6 65 -16 8.4 -2.5
VYMI Vanguard International High Dividend Yield ETF 4.6 22 27 9.7 -1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 16 7.2 -3.7
EMIF iShares Emerging Markets Infrastructure ETF 3.9 60 -11 4.6 -6.3
JCHI JPMorgan Active China ETF 3.9 65 -16 7.9 -2.9
INDY iShares India 50 ETF 3.6 89 -40 3.7 -7.2
GVAL Cambria Global Value ETF 3.5 68 -19 12.3 +1.5
EWW iShares MSCI Mexico ETF 3.4 50 -1 9.7 -1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 0 5.8 -5.1
PIN Invesco India ETF 3.2 78 -29 3.8 -7.1
INDA iShares MSCI India ETF 3.2 65 -16 3.7 -7.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.1 95 -46 11.4 +0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 3.1 65 -16 7.7 -3.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.0 60 -11 10.0 -0.9
DEW WisdomTree Global High Dividend Fund 3.0 58 -9 9.1 -1.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.0 70 -21 7.2 -3.6
KSA iShares MSCI Saudi Arabia ETF 3.0 74 -25 5.6 -5.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 17 6.3 -4.6
FLIN Franklin FTSE India ETF 2.9 19 30 5.2 -5.7
FLSA Franklin FTSE Saudi Arabia ETF 2.8 39 10 5.7 -5.1
INCO Columbia India Consumer ETF 2.7 75 -26 1.6 -9.3
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 79 -30 10.3 -0.6
FLMX Franklin FTSE Mexico ETF 2.7 19 30 10.8 -0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.6 10 39 8.2 -2.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.6 75 -26 9.6 -1.3
NDIA Global X India Active ETF 2.5 75 -26 6.5 -4.4
EZA iShares MSCI South Africa ETF 2.5 58 -9 11.4 +0.5
NLR VanEck Uranium+Nuclear Energy ETF 2.5 61 -12 4.5 -6.4
LNGG Roundhill Alerian LNG ETF 2.4 65 -16 8.5 -2.3
VSGX Vanguard ESG International Stock ETF 2.3 12 37 6.8 -4.0
FLN First Trust Latin America AlphaDEX Fund 2.2 80 -31 11.1 +0.2
NXTG First Trust Indxx NextG ETF 2.2 70 -21 6.0 -4.9
ACWX iShares MSCI ACWI ex U.S. ETF 2.1 34 15 6.7 -4.2
KOIN Capital Link Global Fintech Leaders ETF 2.1 75 -26 4.6 -6.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.1 41 8 6.7 -4.2
JSTC Adasina Social Justice All Cap Global ETF 2.1 89 -40 4.8 -6.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 8 41 7.2 -3.7
SDIV Global X Superdividend ETF 2.1 58 -9 17.6 +6.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.1 30 19 7.8 -3.1
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -1 11.6 +0.7
VXUS Vanguard Total International Stock ETF 2.0 7 42 7.1 -3.8
DGT SPDR Global Dow ETF 2.0 50 -1 6.7 -4.2
KBUY KraneShares CICC China Consumer Leaders Index ETF 2.0 69 -20 0.0 -10.9
EWH iShares MSCI Hong Kong ETF 2.0 50 -1 7.0 -3.9
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 42 6.9 -4.0
IQDE FlexShares International Quality Dividend Defensive Index ET 2.0 47 2 10.7 -0.2
FLLA Franklin FTSE Latin America ETF 1.9 19 30 11.7 +0.8
MOTI VanEck Morningstar International Moat ETF 1.8 58 -9 6.9 -4.0
IXG iShares Global Financials ETF 1.8 42 7 6.8 -4.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.7 12 37 8.7 -2.2
UAE iShares MSCI UAE ETF 1.6 59 -10 9.0 -1.9
EMC Global X Emerging Markets Great Consumer ETF 1.6 75 -26 4.9 -6.0
BRF VanEck Brazil Small-Cap ETF 1.6 66 -17 7.9 -2.9
EWZS iShares MSCI Brazil Small-Cap ETF 1.6 59 -10 8.2 -2.7
CWI SPDR MSCI ACWI ex-US ETF 1.5 30 19 6.8 -4.1
IGF iShares Global Infrastructure ETF 1.5 41 8 5.0 -5.9
GII SPDR S&P Global Infrastructure ETF 1.5 40 9 5.0 -5.9
VEGI iShares MSCI Agriculture Producers ETF 1.5 39 10 9.2 -1.7
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 2 10.7 -0.2
FLHK Franklin FTSE Hong Kong ETF 1.3 9 40 7.4 -3.5
BLDG Cambria Global Real Estate ETF 1.3 60 -11 9.4 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 2 10.3 -0.6
GLOF iShares Global Equity Factor ETF 1.2 20 29 7.1 -3.8
AVRE Avantis Real Estate ETF 1.2 17 32 6.6 -4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 29 5.6 -5.3
CHAT Roundhill Generative AI & Technology ETF 1.2 75 -26 4.2 -6.6
AFK VanEck Africa Index ETF 1.1 98 -49 10.0 -0.8
MEM Matthews Emerging Markets Equity Active ETF 1.1 79 -30 5.7 -5.1
ISHP First Trust Nasdaq Retail ETF 1.1 60 -11 3.2 -7.7
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -10 12.0 +1.1
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -11 9.8 -1.0
ARVR First Trust Indxx Metaverse ETF 1.0 70 -21 2.5 -8.4
CGV Conductor Global Equity Value ETF 1.0 130 -81 11.3 +0.5
JHID John Hancock International High Dividend ETF 1.0 46 3 11.5 +0.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 7 42 6.5 -4.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.9 46 3 8.8 -2.1
WRND IQ Global Equity R&D Leaders ETF 0.9 18 31 7.2 -3.7
DGIN VanEck Digital India ETF 0.8 71 -22 1.6 -9.3
GLIN VanEck India Growth Leaders ETF 0.8 77 -28 5.3 -5.6
IDX VanEck Indonesia Index ETF 0.8 57 -8 7.9 -3.0
EIDO iShares MSCI Indonesia ETF 0.8 59 -10 7.6 -3.3
WDIV SPDR S&P Global Dividend ETF 0.8 40 9 10.2 -0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 7 6.8 -4.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 -11 0.9 -9.9
ACWI iShares MSCI ACWI ETF 0.8 32 17 5.5 -5.4
VT Vanguard Total World Stock ETF 0.8 7 42 5.8 -5.1
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 -6 8.0 -2.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.7 80 -31 10.0 -0.9
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -10 7.2 -3.7
IXC iShares Global Energy ETF 0.7 44 5 8.2 -2.7
FILL iShares MSCI Global Energy Producers ETF 0.7 39 10 9.0 -1.9
BTEK Future Tech ETF 0.7 88 -39 2.1 -8.8
MINV Matthews Asia Innovators Active ETF 0.7 79 -30 2.8 -8.0
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 2 4.5 -6.3
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -21 9.1 -1.7
EMM Global X Emerging Markets ex-China ETF 0.6 75 -26 3.7 -7.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 3 5.6 -5.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.6 34 15 10.6 -0.2
AQWA Global X Clean Water ETF 0.6 50 -1 4.3 -6.6
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 2 4.8 -6.0
ECNS iShares MSCI China Small-Cap ETF 0.6 59 -10 14.2 +3.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 4 6.2 -4.6
GLIF AGF Global Infrastructure ETF 0.5 45 4 5.5 -5.4
IXN iShares Global Tech ETF 0.5 41 8 4.3 -6.5
MOO VanEck Agribusiness ETF 0.5 53 -4 9.4 -1.5
WWJD Inspire International ETF 0.5 80 -31 7.1 -3.7
IQRA IQ CBRE Real Assets ETF 0.5 65 -16 5.9 -5.0
UIVM VictoryShares International Value Momentum ETF 0.5 35 14 10.7 -0.2
CGW Invesco S&P Global Water Index ETF 0.5 57 -8 3.8 -7.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 2 5.2 -5.7
IXP iShares Global Comm Services ETF 0.4 42 7 5.3 -5.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 17 6.7 -4.2
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 2 5.4 -5.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 -9 4.6 -6.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 2 5.9 -4.9
EPOL iShares MSCI Poland ETF 0.3 59 -10 10.5 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 5.7 -5.2
SNSR Global X Internet of Things ETF 0.3 68 -19 4.3 -6.6
REET iShares Global REIT ETF 0.3 14 35 7.1 -3.7
DWMF WisdomTree International Multifactor Fund 0.3 38 11 7.3 -3.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -21 10.6 -0.3
QINT American Century Quality Diversified International ETF 0.3 39 10 7.4 -3.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 12 8.7 -2.2
DFGR Dimensional Global Real Estate ETF 0.3 22 27 7.1 -3.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 30 5.8 -5.0
IGPT Invesco AI and Next Gen Software ETF 0.3 60 -11 3.8 -7.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 24 7.4 -3.4
EPHE iShares MSCI Philippines ETF 0.2 59 -10 8.9 -2.0
FM iShares Frontier and Select EM ETF 0.2 80 -31 9.5 -1.4
BLES Inspire Global Hope ETF 0.2 61 -12 6.3 -4.6
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 19 10.6 -0.2
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.9 -3.9
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -11 13.6 +2.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 20 8.8 -2.1
INTF iShares International Equity Factor ETF 0.2 15 34 7.8 -3.0
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 5.9 -5.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 40 9.8 -1.1
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -9 8.8 -2.1
IQIN IQ 500 International ETF 0.2 25 24 8.8 -2.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 37 5.1 -5.8
DFIV Dimensional International Value ETF 0.2 27 22 9.8 -1.1
FLBR Franklin FTSE Brazil ETF 0.2 19 30 12.4 +1.5
DIHP Dimensional International High Profitability ETF 0.1 29 20 6.9 -4.0
AVIV Avantis International Large Cap Value ETF 0.1 25 24 8.9 -2.0
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 19 6.6 -4.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 24 9.1 -1.8
IGRO iShares International Dividend Growth ETF 0.1 15 34 7.1 -3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 6.9 -4.0
IPAC iShares Core MSCI Pacific ETF 0.1 9 40 6.7 -4.2
AVDE Avantis International Equity ETF 0.1 23 26 7.9 -3.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 40 8.0 -2.9
VPL Vanguard FTSE Pacific ETF 0.1 8 41 7.0 -3.9
DFIC Dimensional International Core Equity 2 ETF 0.1 23 26 7.4 -3.5
DFAI Dimensional International Core Equity Market ETF 0.1 18 31 6.9 -4.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 6.4 -4.5
EFV iShares MSCI EAFE Value ETF 0.1 34 15 9.1 -1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 37 5.4 -5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.7 -4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 35 6.2 -4.7
DTH WisdomTree International High Dividend Fund 0.1 58 -9 10.1 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 45 6.7 -4.2
DFIS Dimensional International Small Cap ETF 0.0 39 10 6.7 -4.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 29 6.3 -4.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 42 2.7 -8.2
EFA iShares MSCI EAFE ETF 0.0 35 14 6.4 -4.5
DWM WisdomTree International Equity Fund 0.0 48 1 7.8 -3.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 6.8 -4.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 19 6.8 -4.0
VEA Vanguard FTSE Developed Markets ETF 0.0 5 44 7.0 -3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 7.6 -3.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 8.6 -2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 13 6.4 -4.5
DISV Dimensional International Small Cap Value ETF 0.0 42 7 9.2 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 29 6.7 -4.2
SCHF Schwab International Equity ETF 0.0 6 43 7.0 -3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 8.5 -2.4
BKIE BNY Mellon International Equity ETF 0.0 4 45 6.9 -4.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 9 7.8 -3.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 9 0.0 -10.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 19 6.1 -4.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 25 6.2 -4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.3 -3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 40 5.5 -5.4
URTH iShares MSCI World ETF 0.0 24 25 5.4 -5.5
TOK iShares MSCI Kokusai ETF 0.0 26 23 5.3 -5.6
SPEU SPDR Portfolio Europe ETF 0.0 7 42 6.6 -4.3
VGK Vanguard FTSE Europe ETF 0.0 11 38 6.8 -4.1
ERUS iShares MSCI Russia ETF 0.0 8 41 11.3 +0.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.39
 
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.