SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 11.8% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 0.7x
P/BV
ratio		 0.7x Div.
yield		 4.3%


  • 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) $806
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) $14,904
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
CIA ENERGETICA MINAS GER-PRF 3.4 %
BANCO BRADESCO-ADR 3.3 %
CHINA CITIC BANK - H 2.7 %
SINO-AMERICAN SILICON PRODUC 2.6 %
TELKOM INDONESIA PERSERO TBK 2.6 %
CNPC HONG KONG LIMITED 2.2 %
FAR EASTERN TEXTILE 2.0 %
KIMBERLY-CLARK DE MEXICO-A 1.9 %
CHUNGHWA TELECOM CO., LTD 1.9 %
CHONGQING RURAL COMMERCIAL-H 1.9 %
Total 24.2 %

TOP COUNTRY EXPOSURE
CHINA 20.2 %
TAIWAN 18.0 %
THAILAND 9.4 %
MALAYSIA 7.3 %
BRAZIL 6.6 %
HONG KONG 6.0 %
MEXICO 5.3 %
SAUDI ARABIA 5.0 %
UAE 3.9 %
QATAR 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.1% 9.7% 13.1% 5.5% 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.53 36%
MSCI EAFE 0.60 49%
MSCI Emg. Mkts. 0.74 78%

Technical Indicators
Recent close $38.86
30d moving avg. $38.06
Annualized volatility 14.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 118
Turnover 0.6%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 250 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™: 11.8%


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
(%)
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 21.8 25 24 6.4 -5.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.7 29 20 8.7 -3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 16.5 40 9 7.1 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 13.9 44 5 11.9 +0.1
DVYE iShares Emerging Markets Dividend ETF 13.4 49 0 18.6 +6.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 13.1 44 5 10.8 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 13.0 63 -14 13.1 +1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 12.2 30 19 9.9 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.7 45 4 10.6 -1.2
EMXF iShares ESG Advanced MSCI EM ETF 11.2 16 33 8.4 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 10.9 36 13 7.8 -4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 10.7 67 -18 13.7 +1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.6 39 10 16.1 +4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 10.4 49 0 15.9 +4.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 10.3 35 14 19.2 +7.4
RNEM First Trust Emerging Markets Equity Select ETF 9.7 75 -26 6.9 -4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.6 50 -1 11.3 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 9.5 25 24 12.9 +1.1
FXI iShares China Large-Cap ETF 9.0 74 -25 17.3 +5.5
ECON Columbia Emerging Markets Consumer ETF 8.5 49 0 12.3 +0.5
FEM First Trust Emerging Markets AlphaDEX Fund 8.4 80 -31 12.1 +0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 8.3 29 20 6.5 -5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 8.2 15 34 8.1 -3.7
EMGF iShares Emerging Markets Equity Factor ETF 8.0 25 24 11.8 +0.1
LDEM iShares ESG MSCI EM Leaders ETF 7.9 17 32 13.1 +1.3
XCEM Columbia EM Core ex-China ETF 7.7 16 33 8.0 -3.8
JHEM John Hancock Multifactor Emerging Markets ETF 7.6 49 0 10.4 -1.4
FCA First Trust China AlphaDEX Fund 7.5 80 -31 9.1 -2.7
GXC SPDR S&P China ETF 7.5 59 -10 16.4 +4.6
DFEV Dimensional Emerging Markets Value ETF 7.4 43 6 13.2 +1.4
MCHI iShares MSCI China ETF 7.3 59 -10 17.9 +6.1
EWM iShares MSCI Malaysia ETF 7.3 50 -1 7.0 -4.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.2 60 -11 10.8 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 7.2 48 1 7.7 -4.1
RODE Hartford Multifactor Diversified International ETF 7.2 29 20 12.7 +0.9
DWX SPDR S&P International Dividend ETF 7.0 45 4 6.2 -5.6
ESGE iShares ESG Aware MSCI EM ETF 6.9 25 24 10.0 -1.7
SCHE Schwab Emerging Markets Equity ETF 6.9 11 38 11.1 -0.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.8 90 -41 7.6 -4.2
FLCH Franklin FTSE China ETF 6.8 19 30 16.8 +5.0
SPEM SPDR Portfolio Emerging Markets ETF 6.8 7 42 10.6 -1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.7 30 19 10.3 -1.5
KALL KraneShares MSCI All China Index ETF 6.7 49 0 14.7 +2.9
GMF SPDR S&P Emerging Asia Pacific ETF 6.6 49 0 9.5 -2.3
AIA iShares Asia 50 ETF 6.6 50 -1 13.3 +1.5
ASEA Global X FTSE Southeast Asia ETF 6.5 65 -16 7.1 -4.7
SCHY Schwab International Dividend Equity ETF 6.3 14 35 9.6 -2.2
EEM iShares MSCI Emerging Markets ETF 6.3 69 -20 10.2 -1.6
VWO Vanguard FTSE Emerging Markets ETF 6.3 7 42 10.5 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.3 59 -10 11.7 -0.1
GSIB Themes Global Systemically Important Banks ETF 6.3 35 14 9.6 -2.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.3 15 34 10.3 -1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.2 66 -17 9.9 -1.9
BKEM BNY Mellon Emerging Markets Equity ETF 6.1 11 38 10.1 -1.7
FLN First Trust Latin America AlphaDEX Fund 6.1 80 -31 10.1 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 6.1 49 0 10.1 -1.7
AVEM Avantis Emerging Markets Equity ETF 6.0 33 16 9.1 -2.7
DFAE Dimensional Emerging Core Equity Market ETF 6.0 35 14 9.4 -2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.8 45 4 10.5 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 5.8 9 40 10.4 -1.3
BKF iShares MSCI BIC ETF 5.7 69 -20 13.3 +1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.6 20 29 10.7 -1.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.6 65 -16 7.3 -4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.6 36 13 9.8 -2.0
EYLD Cambria Emerging Shareholder Yield ETF 5.5 66 -17 12.2 +0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.5 32 17 6.8 -5.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.4 70 -21 9.2 -2.5
EWT iShares MSCI Taiwan ETF 5.4 58 -9 6.3 -5.5
THD iShares MSCI Thailand ETF 5.4 58 -9 0.0 -11.8
FLAX Franklin FTSE Asia Ex Japan ETF 5.4 19 30 9.5 -2.3
FLTW Franklin FTSE Taiwan ETF 5.3 19 30 6.5 -5.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.3 24 25 8.1 -3.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.3 38 11 9.4 -2.4
EWW iShares MSCI Mexico ETF 5.0 50 -1 10.1 -1.7
FRDM Freedom 100 Emerging Markets ETF 5.0 49 0 8.6 -3.2
XCNY SPDR S&P Emerging Markets ex-China ETF 5.0 15 34 7.6 -4.2
ACWV iShares MSCI Global Min Vol Factor ETF 5.0 20 29 5.9 -5.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.9 70 -21 14.4 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 4.8 25 24 7.6 -4.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 4.8 41 8 8.8 -3.0
STXE Strive Emerging Markets Ex-China ETF 4.5 32 17 7.7 -4.0
FLSA Franklin FTSE Saudi Arabia ETF 4.5 39 10 0.0 -11.8
FID First Trust S&P International Dividend Aristocrats ETF 4.4 60 -11 8.1 -3.7
ILF iShares Latin America 40 ETF 4.4 48 1 12.8 +1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 4.4 33 16 8.6 -3.2
KSA iShares MSCI Saudi Arabia ETF 4.4 74 -25 0.0 -11.8
DEHP Dimensional Emerging Markets High Profitability ETF 4.3 41 8 6.8 -5.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.3 58 -9 9.6 -2.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 4.3 53 -4 7.6 -4.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.3 78 -29 9.3 -2.5
JCHI JPMorgan Active China ETF 4.1 65 -16 15.8 +4.1
EMIF iShares Emerging Markets Infrastructure ETF 3.9 60 -11 6.6 -5.2
UAE iShares MSCI UAE ETF 3.9 59 -10 0.0 -11.8
VYMI Vanguard International High Dividend Yield ETF 3.9 17 32 9.8 -2.0
WDIV SPDR S&P Global Dividend ETF 3.8 40 9 9.5 -2.3
FTHF First Trust Emerging Markets Human Flourishing ETF 3.6 75 -26 8.3 -3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.5 33 16 8.6 -3.2
AVES Avantis Emerging Markets Value ETF 3.5 36 13 11.5 -0.3
VIDI Vident International Equity Strategy ETF 3.4 61 -12 11.3 -0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.4 60 -11 7.1 -4.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.3 33 16 10.0 -1.8
BRAZ Global X Brazil Active ETF 3.3 75 -26 12.3 +0.5
QAT iShares MSCI Qatar ETF 3.1 59 -10 47.1 +35.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.9 95 -46 12.7 +0.9
DEW WisdomTree Global High Dividend Fund 2.7 58 -9 8.6 -3.1
MEM Matthews Emerging Markets Equity Active ETF 2.5 79 -30 8.0 -3.8
FLMX Franklin FTSE Mexico ETF 2.5 19 30 10.5 -1.3
ECNS iShares MSCI China Small-Cap ETF 2.4 59 -10 9.6 -2.2
KURE KraneShares MSCI All China Health Care Index ETF 2.3 65 -16 3.0 -8.8
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 17 6.0 -5.8
NXTG First Trust Indxx NextG ETF 2.2 70 -21 5.2 -6.5
FBZ First Trust Brazil AlphaDEX Fund 2.2 80 -31 11.7 -0.1
SDIV Global X Superdividend ETF 2.2 58 -9 40.7 +28.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.2 70 -21 7.7 -4.1
VSGX Vanguard ESG International Stock ETF 2.1 10 39 7.9 -3.9
EWX SPDR S&P Emerging Markets Small Cap ETF 2.1 65 -16 8.1 -3.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.1 49 0 6.2 -5.6
IXG iShares Global Financials ETF 2.1 42 7 6.7 -5.1
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 -40 4.8 -7.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.9 4 45 8.2 -3.6
ACWX iShares MSCI ACWI ex U.S. ETF 1.9 34 15 7.8 -4.0
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 19 7.7 -4.1
GREK Global X MSCI Greece ETF 1.8 57 -8 10.3 -1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.8 42 7 9.8 -2.0
EMM Global X Emerging Markets ex-China ETF 1.8 75 -26 6.0 -5.8
VXUS Vanguard Total International Stock ETF 1.8 5 44 8.0 -3.8
FLLA Franklin FTSE Latin America ETF 1.8 19 30 13.2 +1.4
MCH Matthews China Active ETF 1.7 79 -30 15.3 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 41 8 7.7 -4.0
DGT SPDR Global Dow ETF 1.7 50 -1 7.2 -4.6
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -26 8.8 -3.0
IXUS iShares Core MSCI Total International Stock ETF 1.7 7 42 8.0 -3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.6 32 17 9.2 -2.6
EPI WisdomTree India Earnings Fund 1.6 85 -36 4.7 -7.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.6 80 -31 4.9 -6.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 31 7.7 -4.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -31 14.3 +2.5
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 -10 5.4 -6.4
PBD Invesco Global Clean Energy ETF 1.5 75 -26 0.5 -11.3
ISHP First Trust Nasdaq Retail ETF 1.5 60 -11 5.2 -6.6
GVAL Cambria Global Value ETF 1.5 68 -19 11.0 -0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.5 79 -30 8.7 -3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 19 8.0 -3.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 37 7.9 -3.9
ICLN iShares Global Clean Energy ETF 1.4 41 8 5.6 -6.2
AFK VanEck Africa Index ETF 1.3 98 -49 11.8 -0.0
INDY iShares India 50 ETF 1.3 89 -40 4.6 -7.2
INDA iShares MSCI India ETF 1.1 65 -16 4.4 -7.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -39 9.3 -2.5
EZA iShares MSCI South Africa ETF 1.1 58 -9 10.4 -1.4
SLX VanEck Steel ETF 1.0 56 -7 15.1 +3.3
EPHE iShares MSCI Philippines ETF 1.0 59 -10 0.0 -11.8
PIN Invesco India ETF 1.0 78 -29 4.3 -7.5
GLOF iShares Global Equity Factor ETF 1.0 20 29 6.7 -5.1
EWZ iShares MSCI Brazil ETF 1.0 58 -9 12.7 +0.9
FLBR Franklin FTSE Brazil ETF 1.0 19 30 14.7 +2.9
WWJD Inspire International ETF 0.9 80 -31 7.2 -4.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 39 8.1 -3.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -21 8.1 -3.7
ARVR First Trust Indxx Metaverse ETF 0.9 70 -21 4.0 -7.8
IGF iShares Global Infrastructure ETF 0.9 41 8 4.8 -7.0
GII SPDR S&P Global Infrastructure ETF 0.8 40 9 4.8 -7.0
EV Mast Global Battery Recycling & Production ETF 0.8 65 -16 10.6 -1.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -31 9.7 -2.0
FLIN Franklin FTSE India ETF 0.8 19 30 3.9 -7.9
IGRO iShares International Dividend Growth ETF 0.8 15 34 7.1 -4.6
FEOE First Eagle Overseas Equity ETF 0.8 79 -30 8.2 -3.6
MOO VanEck Agribusiness ETF 0.8 53 -4 10.2 -1.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.8 79 -30 3.6 -8.2
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -10 7.0 -4.8
BINV Brandes International ETF 0.8 70 -21 9.6 -2.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -31 9.1 -2.7
ACWI iShares MSCI ACWI ETF 0.7 32 17 5.6 -6.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 -26 9.7 -2.1
VT Vanguard Total World Stock ETF 0.6 6 43 6.0 -5.8
EPOL iShares MSCI Poland ETF 0.6 59 -10 10.7 -1.1
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 39 6.1 -5.6
PGJ Invesco Golden Dragon China ETF 0.6 70 -21 9.9 -1.9
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 39 5.9 -5.9
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 2 9.2 -2.6
EIDO iShares MSCI Indonesia ETF 0.5 59 -10 9.9 -1.9
IDX VanEck Indonesia Index ETF 0.5 57 -8 9.5 -2.2
JIG JPMorgan International Growth ETF 0.5 55 -6 4.7 -7.1
OSEA Harbor International Compounders ETF 0.5 55 -6 4.6 -7.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.8 -5.0
IQRA IQ CBRE Real Assets ETF 0.5 65 -16 5.7 -6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 40 5.8 -5.9
RCGE RockCreek Global Equality ETF 0.5 95 -46 6.3 -5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 29 5.8 -6.0
BLES Inspire Global Hope ETF 0.5 61 -12 6.7 -5.1
SMCF Themes US Small Cap Cash Flow Champions ETF 0.5 29 20 12.5 +0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 2 8.5 -3.3
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -21 8.2 -3.6
CGDG Capital Group Dividend Growers ETF 0.4 47 2 6.2 -5.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 3 5.6 -6.2
IXP iShares Global Comm Services ETF 0.4 42 7 5.6 -6.2
IDRV iShares Self-driving EV & Tech ETF 0.4 47 2 1.6 -10.2
XT iShares Exponential Technologies ETF 0.4 46 3 4.7 -7.0
FEP First Trust Europe AlphaDEX Fund 0.4 80 -31 9.3 -2.5
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 2 7.3 -4.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 10 11.3 -0.4
REET iShares Global REIT ETF 0.3 14 35 7.6 -4.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 29 2.7 -9.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -31 11.2 -0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -31 10.0 -1.8
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -6 13.6 +1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 3 10.2 -1.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 2 5.2 -6.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 -6 7.5 -4.3
DFGR Dimensional Global Real Estate ETF 0.2 22 27 7.5 -4.3
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 10 8.4 -3.3
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -11 11.0 -0.8
SNSR Global X Internet of Things ETF 0.2 68 -19 4.4 -7.4
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 7.1 -4.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 37 5.2 -6.6
BLDG Cambria Global Real Estate ETF 0.2 60 -11 11.9 +0.2
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 4.9 -6.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 10 5.8 -6.0
TTAI FCF International Quality ETF 0.2 59 -10 7.0 -4.8
SCHC Schwab International Small-Cap Equity ETF 0.2 11 38 6.8 -5.0
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.5 -6.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.9 -4.9
AVRE Avantis Real Estate ETF 0.1 17 32 7.1 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 8.2 -3.6
IUS Invesco RAFI Strategic US ETF 0.1 19 30 6.7 -5.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 12 8.5 -3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.8 -6.0
APIE ActivePassive International Equity ETF 0.1 45 4 7.4 -4.4
DXIV Dimensional International Vector Equity ETF 0.0 34 15 8.0 -3.8
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 4.2 -7.6
VPL Vanguard FTSE Pacific ETF 0.0 7 42 7.1 -4.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 7.5 -4.3
AVDS Avantis International Small Cap Equity ETF 0.0 30 19 7.5 -4.2
DFIS Dimensional International Small Cap ETF 0.0 39 10 7.4 -4.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 7.3 -4.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 7.2 -4.6
SPEU SPDR Portfolio Europe ETF 0.0 7 42 7.3 -4.5
VGK Vanguard FTSE Europe ETF 0.0 6 43 7.4 -4.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 9 7.0 -4.8
DISV Dimensional International Small Cap Value ETF 0.0 42 7 9.5 -2.3
SCHF Schwab International Equity ETF 0.0 6 43 7.4 -4.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 25 6.4 -5.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 8.9 -2.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 7.6 -4.2
IPAC iShares Core MSCI Pacific ETF 0.0 9 40 6.7 -5.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 7.2 -4.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 45 7.2 -4.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 42 7.2 -4.6
AVDE Avantis International Equity ETF 0.0 23 26 7.6 -4.2
AVSD Avantis Responsible International Equity ETF 0.0 23 26 5.7 -6.1

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
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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
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Price-to-earnings ** ** **
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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 8.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 11.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.50
 
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.