SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 12.0% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.1x 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) $502
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 104
Wgt avg mkt cap (mns) $27,732
Large cap (>$10bn) 53.3%
Mid cap ($2-10bn) 36.0%
Small cap (<$2bn) 9.6%
Developed mkts 7.6%
Emerging mkts 92.4%

TOP TEN HOLDINGS
CIA ENERGETICA MINAS GER-PRF 3.5 %
BANCO BRADESCO-ADR 3.2 %
SAUDI TELECOM CO. 2.7 %
PT TELEKOMUNIKASI INDONESIA, TBK C 2.7 %
ADVANCED INFO SERVICE PUBLIC CO., 2.6 %
SINO-AMERICAN SILICON PRODUC 2.4 %
CHUNGHWA TELECOM CO., LTD 2.2 %
SINOPHARM GROUP CO-H 2.2 %
UNI-PRESIDENT ENTERPRISES CO 2.1 %
AGRICULTURAL BANK OF CHINA-H 2.1 %
Total 25.5 %

TOP COUNTRY EXPOSURE
TAIWAN 19.3 %
CHINA 17.9 %
THAILAND 12.1 %
MALAYSIA 9.0 %
SAUDI ARABIA 6.9 %
BRAZIL 6.7 %
UAE 5.6 %
HONG KONG 4.4 %
MEXICO 3.8 %
INDONESIA 3.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.4% 29.6% 8.3% 4.4% 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.57 42%
MSCI EAFE 0.66 58%
MSCI Emg. Mkts. 0.80 83%

Technical Indicators
Recent close $35.64
30d moving avg. $37.18
Annualized volatility 15.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 119
Turnover 0.8%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $1,492

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 247 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™: 12.0%


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 21.0 25 24 6.6 -5.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 20.8 29 20 8.7 -3.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.4 40 9 8.3 -3.7
ROAM Hartford Multifactor Emerging Markets ETF 14.3 44 5 15.8 +3.8
DVYE iShares Emerging Markets Dividend ETF 13.6 49 0 18.8 +6.8
DEM WisdomTree Emerging Markets High Dividend Fund 13.3 63 -14 18.9 +6.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 12.3 44 5 10.6 -1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 12.2 35 14 12.4 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 12.2 30 19 8.1 -3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.6 39 10 12.5 +0.5
EMXF iShares ESG Advanced MSCI EM ETF 11.2 16 33 6.8 -5.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 10.8 67 -18 15.0 +3.0
FDEM Fidelity Emerging Markets Multifactor ETF 10.8 25 24 12.3 +0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 10.4 49 0 12.2 +0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 10.3 36 13 6.5 -5.5
RNEM First Trust Emerging Markets Equity Select ETF 10.0 75 -26 7.6 -4.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.0 70 -21 9.2 -2.8
ASEA Global X FTSE Southeast Asia ETF 9.9 65 -16 6.3 -5.7
FXI iShares China Large-Cap ETF 9.5 74 -25 8.2 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.4 50 -1 13.0 +1.0
FCA First Trust China AlphaDEX Fund 9.2 80 -31 16.2 +4.2
EWM iShares MSCI Malaysia ETF 9.0 50 -1 5.5 -6.5
ECON Columbia Emerging Markets Consumer ETF 8.8 49 0 7.3 -4.7
EMMF WisdomTree Emerging Markets Multifactor Fund 8.7 48 1 8.8 -3.2
DWX SPDR S&P International Dividend ETF 8.7 45 4 6.5 -5.5
LDEM iShares ESG MSCI EM Leaders ETF 8.4 17 32 7.6 -4.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.3 45 4 12.3 +0.3
MCHI iShares MSCI China ETF 7.8 59 -10 8.4 -3.6
FLCH Franklin FTSE China ETF 7.7 19 30 8.8 -3.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.5 15 34 10.2 -1.8
XCEM Columbia EM Core ex-China ETF 7.4 16 33 7.7 -4.3
GXC SPDR S&P China ETF 7.4 59 -10 8.3 -3.7
RODE Hartford Multifactor Diversified International ETF 7.4 29 20 11.8 -0.2
GSIB Themes Global Systemically Important Banks ETF 7.3 35 14 13.4 +1.4
DFEV Dimensional Emerging Markets Value ETF 7.2 43 6 11.1 -0.9
EMGF iShares Emerging Markets Equity Factor ETF 7.1 25 24 8.5 -3.5
THD iShares MSCI Thailand ETF 7.1 58 -9 6.1 -5.9
JHEM John Hancock Multifactor Emerging Markets ETF 7.1 49 0 8.2 -3.8
KALL KraneShares MSCI All China Index ETF 7.1 49 0 9.0 -3.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.0 20 29 6.8 -5.2
SCHE Schwab Emerging Markets Equity ETF 6.9 11 38 7.1 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.7 30 19 7.3 -4.7
ESGE iShares ESG Aware MSCI EM ETF 6.7 25 24 7.1 -4.9
SCHY Schwab International Dividend Equity ETF 6.6 14 35 9.3 -2.7
EQLT iShares MSCI Emerging Markets Quality Factor ETF 6.6 35 14 7.4 -4.6
GMF SPDR S&P Emerging Asia Pacific ETF 6.4 49 0 6.1 -5.9
SPEM SPDR Portfolio Emerging Markets ETF 6.4 7 42 7.3 -4.7
EEM iShares MSCI Emerging Markets ETF 6.3 69 -20 6.9 -5.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 6.2 18 31 6.8 -5.2
VWO Vanguard FTSE Emerging Markets ETF 6.1 8 41 6.9 -5.1
DFAE Dimensional Emerging Core Equity Market ETF 6.1 35 14 7.3 -4.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.0 15 34 7.2 -4.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.0 66 -17 10.0 -2.0
FLSA Franklin FTSE Saudi Arabia ETF 6.0 39 10 5.7 -6.3
BKEM BNY Mellon Emerging Markets Equity ETF 5.9 11 38 8.4 -3.6
EEMA iShares MSCI Emerging Markets Asia ETF 5.9 49 0 6.5 -5.5
KSA iShares MSCI Saudi Arabia ETF 5.8 74 -25 5.6 -6.4
IEMG iShares Core MSCI Emerging Markets ETF 5.8 9 40 7.5 -4.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.7 59 -10 11.3 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.7 65 -16 8.2 -3.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.6 45 4 11.0 -1.0
UAE iShares MSCI UAE ETF 5.5 59 -10 8.4 -3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 5.5 15 34 6.3 -5.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.5 36 13 7.8 -4.2
AVEM Avantis Emerging Markets Equity ETF 5.4 33 16 8.9 -3.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.4 70 -21 6.2 -5.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.4 24 25 9.2 -2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.3 38 11 7.8 -4.2
FEM First Trust Emerging Markets AlphaDEX Fund 5.3 80 -31 13.0 +1.0
EWT iShares MSCI Taiwan ETF 5.3 58 -9 5.7 -6.3
BKF iShares MSCI BIC ETF 5.3 69 -20 6.9 -5.1
EMXC iShares MSCI Emerging Markets ex China ETF 5.3 25 24 6.7 -5.3
FLAX Franklin FTSE Asia Ex Japan ETF 5.2 19 30 6.9 -5.2
AIA iShares Asia 50 ETF 5.2 50 -1 6.6 -5.4
ACWV iShares MSCI Global Min Vol Factor ETF 5.2 20 29 6.3 -5.7
FLTW Franklin FTSE Taiwan ETF 5.2 19 30 5.9 -6.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.1 60 -11 13.4 +1.4
EYLD Cambria Emerging Shareholder Yield ETF 5.1 66 -17 13.2 +1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.1 78 -29 9.0 -3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 5.0 41 8 7.4 -4.6
JCHI JPMorgan Active China ETF 4.7 65 -16 8.0 -4.0
DEHP Dimensional Emerging Markets High Profitability ETF 4.7 41 8 5.0 -7.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.6 60 -11 9.8 -2.2
STXE Strive Emerging Markets Ex-China ETF 4.6 32 17 7.0 -5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.6 32 17 6.9 -5.2
FRDM Freedom 100 Emerging Markets ETF 4.2 49 0 7.3 -4.7
ILF iShares Latin America 40 ETF 4.2 48 1 10.4 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.9 33 16 8.2 -3.8
VIDI Vident International Equity Strategy ETF 3.8 61 -12 10.2 -1.8
EWW iShares MSCI Mexico ETF 3.8 50 -1 13.2 +1.2
LNGG Roundhill Alerian LNG ETF 3.7 65 -16 9.1 -2.9
VYMI Vanguard International High Dividend Yield ETF 3.7 22 27 9.8 -2.2
FLN First Trust Latin America AlphaDEX Fund 3.7 80 -31 8.4 -3.6
AVES Avantis Emerging Markets Value ETF 3.6 36 13 11.6 -0.4
FBZ First Trust Brazil AlphaDEX Fund 3.5 80 -31 13.3 +1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 3.4 29 20 5.5 -6.5
MEM Matthews Emerging Markets Equity Active ETF 3.4 79 -30 5.4 -6.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.4 68 -19 8.2 -3.8
NXTG First Trust Indxx NextG ETF 3.4 70 -21 6.2 -5.8
EIDO iShares MSCI Indonesia ETF 3.3 59 -10 7.5 -4.5
BRAZ Global X Brazil Active ETF 3.2 75 -26 10.1 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.1 95 -46 10.5 -1.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.1 49 0 16.1 +4.1
GVAL Cambria Global Value ETF 3.1 68 -19 13.1 +1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.1 58 -9 10.2 -1.8
EMIF iShares Emerging Markets Infrastructure ETF 2.9 60 -11 8.5 -3.5
QAT iShares MSCI Qatar ETF 2.8 59 -10 9.4 -2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.8 90 -41 6.1 -5.9
KURE KraneShares MSCI All China Health Care Index ETF 2.8 65 -16 4.3 -7.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.7 80 -31 12.3 +0.3
DEW WisdomTree Global High Dividend Fund 2.7 58 -9 8.5 -3.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.7 88 -39 7.4 -4.6
FLMX Franklin FTSE Mexico ETF 2.6 19 30 16.2 +4.2
SDG iShares MSCI Global Sustainable Development Goals ETF 2.5 49 0 5.6 -6.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.3 70 -21 7.7 -4.3
MCH Matthews China Active ETF 2.3 79 -30 5.4 -6.6
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 2 12.9 +0.9
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 17 6.0 -6.0
EMM Global X Emerging Markets ex-China ETF 2.2 75 -26 4.2 -7.8
VSGX Vanguard ESG International Stock ETF 2.1 12 37 6.8 -5.2
FTHF First Trust Emerging Markets Human Flourishing ETF 2.1 75 -26 8.9 -3.1
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 -11 9.0 -3.0
ECNS iShares MSCI China Small-Cap ETF 2.0 59 -10 14.2 +2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 2.0 65 -16 8.2 -3.9
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 -6 8.0 -4.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.9 34 15 7.0 -5.1
VEU Vanguard FTSE All-World ex-US Index Fund 1.9 8 41 7.3 -4.8
EPI WisdomTree India Earnings Fund 1.9 85 -36 6.1 -6.0
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 19 6.9 -5.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.8 80 -31 6.3 -5.8
IXUS iShares Core MSCI Total International Stock ETF 1.8 7 42 7.2 -4.8
VXUS Vanguard Total International Stock ETF 1.8 7 42 7.2 -4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.7 32 17 6.2 -5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 41 8 7.4 -4.6
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -26 4.5 -7.5
PBD Invesco Global Clean Energy ETF 1.6 75 -26 -5.3 -17.3
ICLN iShares Global Clean Energy ETF 1.6 41 8 6.0 -6.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 31 7.0 -5.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.6 79 -30 10.3 -1.7
ISHP First Trust Nasdaq Retail ETF 1.6 60 -11 2.9 -9.2
AFK VanEck Africa Index ETF 1.5 98 -49 9.1 -2.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 2 9.4 -2.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 19 8.0 -4.0
FLLA Franklin FTSE Latin America ETF 1.5 19 30 13.2 +1.2
WDIV SPDR S&P Global Dividend ETF 1.5 40 9 9.4 -2.6
IXG iShares Global Financials ETF 1.5 42 7 6.2 -5.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 37 8.3 -3.7
DGT SPDR Global Dow ETF 1.4 50 -1 6.8 -5.2
EZA iShares MSCI South Africa ETF 1.3 58 -9 10.3 -1.7
GLRY Inspire Faithward Mid Cap Momentum ETF 1.2 80 -31 7.9 -4.1
SLX VanEck Steel ETF 1.2 56 -7 21.4 +9.4
ARVR First Trust Indxx Metaverse ETF 1.2 70 -21 0.8 -11.2
INDY iShares India 50 ETF 1.2 89 -40 4.6 -7.4
EWZ iShares MSCI Brazil ETF 1.1 58 -9 10.4 -1.6
IQDE FlexShares International Quality Dividend Defensive Index ET 1.1 47 2 14.8 +2.8
GREK Global X MSCI Greece ETF 1.1 57 -8 -4.0 -16.0
INDA iShares MSCI India ETF 1.1 65 -16 4.4 -7.7
PIN Invesco India ETF 1.0 78 -29 4.5 -7.5
WWJD Inspire International ETF 1.0 80 -31 7.3 -4.7
GLOF iShares Global Equity Factor ETF 1.0 20 29 7.0 -5.0
FLIN Franklin FTSE India ETF 1.0 19 30 4.7 -7.3
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -40 4.9 -7.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 39 7.7 -4.4
IGRO iShares International Dividend Growth ETF 0.9 15 34 7.5 -4.5
MOO VanEck Agribusiness ETF 0.9 53 -4 9.7 -2.3
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -10 7.4 -4.6
FLBR Franklin FTSE Brazil ETF 0.8 19 30 13.2 +1.2
SDIV Global X Superdividend ETF 0.8 58 -9 14.9 +2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 29 5.2 -6.9
VIGI Vanguard International Dividend Appreciation ETF 0.7 15 34 6.4 -5.6
JIG JPMorgan International Growth ETF 0.7 55 -6 4.6 -7.4
OSEA Harbor International Compounders ETF 0.7 55 -6 4.3 -7.7
IDX VanEck Indonesia Index ETF 0.7 57 -8 8.8 -3.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.7 45 4 5.7 -6.3
KNCT Invesco Next Gen Connectivity ETF 0.6 40 9 5.6 -6.4
ACWI iShares MSCI ACWI ETF 0.6 32 17 5.3 -6.7
FEUZ First Trust Eurozone AlphaDEX ETF 0.6 80 -31 6.7 -5.3
FEP First Trust Europe AlphaDEX Fund 0.6 80 -31 7.8 -4.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 -26 8.2 -3.8
IGF iShares Global Infrastructure ETF 0.6 41 8 4.3 -7.7
GII SPDR S&P Global Infrastructure ETF 0.6 40 9 4.3 -7.7
VT Vanguard Total World Stock ETF 0.6 7 42 5.5 -6.5
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.6 69 -20 8.1 -3.9
UIVM VictoryShares International Value Momentum ETF 0.6 35 14 11.0 -1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 3 9.3 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 42 6.7 -5.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 40 5.4 -6.7
EPHE iShares MSCI Philippines ETF 0.5 59 -10 8.9 -3.1
BLES Inspire Global Hope ETF 0.5 61 -12 6.4 -5.6
IQRA IQ CBRE Real Assets ETF 0.5 65 -16 5.2 -6.8
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -30 5.6 -6.4
EV Mast Global Battery Recycling & Production ETF 0.5 65 -16 12.2 +0.2
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 39 5.4 -6.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 3 4.9 -7.1
SMCF Themes US Small Cap Cash Flow Champions ETF 0.4 29 20 10.2 -1.8
IBAT iShares Energy Storage & Materials ETF 0.4 47 2 3.1 -8.9
EMFQ Amplify Emerging Markets FinTech ETF 0.4 69 -20 5.3 -6.7
PGJ Invesco Golden Dragon China ETF 0.4 70 -21 4.9 -7.1
IXP iShares Global Comm Services ETF 0.3 42 7 5.1 -7.0
VGSR Vert Global Sustainable Real Estate ETF 0.3 47 2 5.6 -6.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 2 4.9 -7.1
APIE ActivePassive International Equity ETF 0.2 45 4 8.1 -3.9
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 10 9.2 -2.8
REET iShares Global REIT ETF 0.2 14 35 6.2 -5.8
SNSR Global X Internet of Things ETF 0.2 68 -19 4.6 -7.4
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.1 -5.9
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -11 12.5 +0.5
DFGR Dimensional Global Real Estate ETF 0.2 22 27 6.2 -5.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 37 4.8 -7.2
TTAI FCF International Quality ETF 0.2 59 -10 5.6 -6.4
EPOL iShares MSCI Poland ETF 0.2 59 -10 12.9 +0.9
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -6 11.0 -1.0
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -9 8.8 -3.2
BLDG Cambria Global Real Estate ETF 0.2 60 -11 14.3 +2.3
AVRE Avantis Real Estate ETF 0.2 17 32 5.9 -6.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 7.2 -4.8
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.7 -6.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.1 80 -31 9.1 -2.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.5 -6.6
IUS Invesco RAFI Strategic US ETF 0.1 19 30 6.8 -5.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 6.6 -5.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.4 -4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 7 8.1 -3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 7.0 -5.0
DTH WisdomTree International High Dividend Fund 0.1 58 -9 10.1 -1.9
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 3.5 -8.5
VPL Vanguard FTSE Pacific ETF 0.0 8 41 7.7 -4.3
DFIS Dimensional International Small Cap ETF 0.0 39 10 6.9 -5.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 9 7.9 -4.1
DWM WisdomTree International Equity Fund 0.0 48 1 8.0 -4.1
VEA Vanguard FTSE Developed Markets ETF 0.0 5 44 7.3 -4.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 8.7 -3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 7.1 -4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 8.9 -3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 9 6.6 -5.4
DISV Dimensional International Small Cap Value ETF 0.0 42 7 9.1 -2.9
SCHF Schwab International Equity ETF 0.0 6 43 7.5 -4.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 25 6.5 -5.5
SPEU SPDR Portfolio Europe ETF 0.0 7 42 7.1 -4.9
VGK Vanguard FTSE Europe ETF 0.0 11 38 7.1 -4.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 7.7 -4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 45 7.1 -4.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 40 7.2 -4.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 7.3 -4.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 42 7.1 -4.9
AVDE Avantis International Equity ETF 0.0 23 26 8.1 -4.0
AVSD Avantis Responsible International Equity ETF 0.0 23 26 7.1 -4.9

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

  2019 2020 2021 2022 2023 2024E 2025E
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Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.48
 
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.