SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 5.3%


  • 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) $1,046
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 99
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 4.1 %
BANCO DO BRASIL SA 3.3 %
PTT PCL-NVDR 3.3 %
NEDBANK GROUP LTD 3.0 %
SAUDI TELECOM CO. 2.9 %
STANDARD BANK GROUP LTD 2.7 %
EMBOTELLADORAS ARCA SAB-NOM 2.4 %
ADVANCED INFO SERVICE PUBLIC CO., 2.3 %
TENAGA NASIONAL BHD 2.3 %
NEPI ROCKCASTLE N.V. 2.2 %
Total 28.5 %

TOP COUNTRY EXPOSURE
TAIWAN 19.7 %
THAILAND 13.2 %
SOUTH AFRICA 12.7 %
MALAYSIA 11.6 %
BRAZIL 9.6 %
CHINA 6.5 %
SAUDI ARABIA 4.6 %
MEXICO 4.5 %
UAE 2.3 %
KUWAIT 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 16.5% 11.9% 9.6% 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.42 42%
MSCI EAFE 0.61 64%
MSCI Emg. Mkts. 0.61 73%

Technical Indicators
Recent close $40.16
30d moving avg. $39.18
Annualized volatility 12.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 154
Turnover 0.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 221 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™: 8.6%


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 8.0 -0.6
DWX SPDR S&P International Dividend ETF 14.1 45 4 6.8 -1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 14.0 25 24 5.9 -2.8
ASEA Global X FTSE Southeast Asia ETF 12.7 65 -16 5.5 -3.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.5 40 9 6.1 -2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.6 44 5 9.3 +0.7
EZA iShares MSCI South Africa ETF 10.4 58 -9 7.8 -0.8
EWM iShares MSCI Malaysia ETF 10.3 50 -1 5.8 -2.8
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 -14 11.8 +3.2
THD iShares MSCI Thailand ETF 9.4 58 -9 0.0 -8.6
ROAM Hartford Multifactor Emerging Markets ETF 8.2 44 5 10.2 +1.6
FRDM Freedom 100 Emerging Markets ETF 7.6 49 0 5.9 -2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.5 30 19 7.6 -1.1
XC WisdomTree Emerging Markets Ex-China Fund 7.2 32 17 5.5 -3.1
JIVE JPMorgan International Value ETF 7.1 55 -6 9.6 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.8 39 10 14.4 +5.7
EMMF WisdomTree Emerging Markets Multifactor Fund 6.4 48 1 6.0 -2.7
XCEM Columbia EM Core ex-China ETF 6.4 16 33 6.5 -2.1
EYLD Cambria Emerging Shareholder Yield ETF 6.3 66 -17 10.5 +1.9
FTHF First Trust Emerging Markets Human Flourishing ETF 6.3 75 -26 7.4 -1.3
AFK VanEck Africa Index ETF 6.2 98 -49 10.9 +2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.2 70 -21 11.5 +2.9
EMXF iShares ESG Advanced MSCI EM ETF 6.0 16 33 7.2 -1.5
ECON Columbia Emerging Markets Consumer ETF 5.9 49 0 10.0 +1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.9 88 -39 7.2 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.8 24 25 6.2 -2.4
FLLA Franklin FTSE Latin America ETF 5.7 19 30 11.3 +2.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.7 32 17 5.4 -3.3
RNEM First Trust Emerging Markets Equity Select ETF 5.7 75 -26 7.8 -0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 5.5 15 34 6.3 -2.4
FLBR Franklin FTSE Brazil ETF 5.3 19 30 13.5 +4.8
PXH Invesco FTSE RAFI Emerging Markets ETF 5.2 49 0 13.6 +4.9
SCHY Schwab International Dividend Equity ETF 5.1 14 35 8.8 +0.2
EWT iShares MSCI Taiwan ETF 5.1 58 -9 5.0 -3.7
EMXC iShares MSCI Emerging Markets ex China ETF 5.1 25 24 5.8 -2.8
EWZ iShares MSCI Brazil ETF 5.1 58 -9 11.7 +3.1
LDEM iShares ESG MSCI EM Leaders ETF 5.0 17 32 11.4 +2.7
AVES Avantis Emerging Markets Value ETF 5.0 36 13 9.4 +0.8
STXE Strive Emerging Markets Ex-China ETF 5.0 32 17 6.1 -2.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.0 75 -26 8.3 -0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.9 58 -9 8.5 -0.1
FLTW Franklin FTSE Taiwan ETF 4.8 19 30 5.1 -3.6
JHEM John Hancock Multifactor Emerging Markets ETF 4.8 49 0 8.3 -0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -11 9.5 +0.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.6 67 -18 13.1 +4.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.6 33 16 6.8 -1.8
ESGE iShares ESG Aware MSCI EM ETF 4.5 25 24 8.5 -0.1
OBOR KraneShares MSCI One Belt One Road Index ETF 4.5 79 -30 7.0 -1.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.5 35 14 11.7 +3.0
FLMX Franklin FTSE Mexico ETF 4.4 19 30 8.4 -0.2
EWW iShares MSCI Mexico ETF 4.4 50 -1 7.8 -0.9
DVYE iShares Emerging Markets Dividend ETF 4.4 49 0 16.7 +8.0
SCHE Schwab Emerging Markets Equity ETF 4.4 11 38 9.5 +0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.2 50 -1 9.1 +0.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 4.1 53 -4 6.1 -2.6
VWO Vanguard FTSE Emerging Markets ETF 4.1 7 42 9.1 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.1 90 -41 4.4 -4.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.1 30 19 8.1 -0.5
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 38 8.0 -0.7
SPEM SPDR Portfolio Emerging Markets ETF 4.0 7 42 9.3 +0.7
KSA iShares MSCI Saudi Arabia ETF 4.0 74 -25 0.0 -8.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.0 15 34 8.5 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.0 66 -17 7.7 -1.0
EEM iShares MSCI Emerging Markets ETF 3.9 69 -20 8.1 -0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.9 15 34 6.6 -2.1
FLSA Franklin FTSE Saudi Arabia ETF 3.7 39 10 0.0 -8.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.7 45 4 8.5 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 3.7 41 8 5.3 -3.4
IEMG iShares Core MSCI Emerging Markets ETF 3.6 9 40 8.5 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.6 59 -10 7.5 -1.2
DFAE Dimensional Emerging Core Equity Market ETF 3.4 35 14 7.4 -1.2
FDEM Fidelity Emerging Markets Multifactor ETF 3.4 25 24 10.8 +2.1
FEM First Trust Emerging Markets AlphaDEX Fund 3.4 80 -31 10.2 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.3 36 13 8.0 -0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.3 33 16 8.2 -0.5
FLN First Trust Latin America AlphaDEX Fund 3.2 80 -31 9.9 +1.3
AVSE Avantis Responsible Emerging Markets Equity ETF 3.2 33 16 7.0 -1.6
EMGF iShares Emerging Markets Equity Factor ETF 3.2 25 24 9.5 +0.8
JADE JPMorgan Active Developing Markets Equity ETF 3.1 65 -16 6.5 -2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.1 38 11 7.5 -1.1
VIDI Vident International Equity Strategy ETF 3.0 61 -12 9.2 +0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 17 7.1 -1.6
AVEM Avantis Emerging Markets Equity ETF 3.0 33 16 7.3 -1.4
ILF iShares Latin America 40 ETF 2.9 48 1 10.3 +1.7
DFEV Dimensional Emerging Markets Value ETF 2.9 43 6 10.4 +1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.8 78 -29 8.6 -0.0
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -40 4.3 -4.3
OTGL OTG Latin America ETF 2.7 269 -220 6.9 -1.7
VYMI Vanguard International High Dividend Yield ETF 2.7 17 32 8.2 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 2.7 20 29 5.4 -3.3
GMF SPDR S&P Emerging Asia Pacific ETF 2.6 49 0 8.5 -0.1
MOTI VanEck Morningstar International Moat ETF 2.6 58 -9 9.3 +0.6
EEMA iShares MSCI Emerging Markets Asia ETF 2.6 49 0 7.9 -0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 8 7.1 -1.5
FLAX Franklin FTSE Asia Ex Japan ETF 2.4 19 30 7.5 -1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 2.4 29 20 6.9 -1.7
NXTG First Trust Indxx NextG ETF 2.3 70 -21 4.4 -4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.3 70 -21 7.3 -1.4
UAE iShares MSCI UAE ETF 2.3 59 -10 0.0 -8.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.2 49 0 4.9 -3.7
FCA First Trust China AlphaDEX Fund 2.2 80 -31 8.5 -0.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 -3 8.8 +0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.0 45 4 9.4 +0.8
EMM Global X Emerging Markets ex-China ETF 2.0 75 -26 5.7 -3.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.0 70 -21 6.9 -1.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.8 42 7 8.6 -0.0
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 7.1 -1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 1.8 36 13 6.6 -2.0
ISHP First Trust Nasdaq Retail ETF 1.7 60 -11 5.2 -3.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -11 7.7 -1.0
INCO Columbia India Consumer ETF 1.7 75 -26 1.6 -7.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.7 80 -31 4.6 -4.1
INDY iShares India 50 ETF 1.7 89 -40 5.2 -3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -46 10.3 +1.6
QAT iShares MSCI Qatar ETF 1.6 59 -10 34.7 +26.1
IGRO iShares International Dividend Growth ETF 1.4 15 34 6.3 -2.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -31 12.6 +3.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 -16 7.3 -1.4
VSGX Vanguard ESG International Stock ETF 1.3 10 39 6.7 -1.9
EPHE iShares MSCI Philippines ETF 1.2 59 -10 0.0 -8.6
FXI iShares China Large-Cap ETF 1.2 74 -25 16.2 +7.6
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 15 6.5 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 45 6.9 -1.7
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -11 7.3 -1.3
BKF iShares MSCI BIC ETF 1.2 69 -20 12.0 +3.4
VXUS Vanguard Total International Stock ETF 1.2 5 44 6.9 -1.8
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 42 6.8 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.1 41 8 6.5 -2.2
GREK Global X MSCI Greece ETF 1.1 57 -8 9.3 +0.7
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -26 7.1 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 31 6.5 -2.1
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 2 7.6 -1.0
WWJD Inspire International ETF 1.0 80 -31 6.5 -2.2
RCGE RockCreek Global Equality ETF 1.0 95 -46 6.1 -2.5
OSEA Harbor International Compounders ETF 1.0 55 -6 4.4 -4.2
IDX VanEck Indonesia Index ETF 1.0 57 -8 6.7 -2.0
EIDO iShares MSCI Indonesia ETF 1.0 59 -10 7.1 -1.6
JIG JPMorgan International Growth ETF 0.9 55 -6 4.0 -4.6
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 19 6.5 -2.1
BINV Brandes International ETF 0.9 70 -21 8.4 -0.3
EMIF iShares Emerging Markets Infrastructure ETF 0.9 60 -11 3.0 -5.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.9 20 29 8.6 -0.0
WDIV SPDR S&P Global Dividend ETF 0.9 40 9 8.4 -0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 19 6.6 -2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 2 7.0 -1.6
MCHI iShares MSCI China ETF 0.9 59 -10 15.6 +7.0
PIN Invesco India ETF 0.9 78 -29 4.8 -3.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 39 6.4 -2.3
FLCH Franklin FTSE China ETF 0.8 19 30 14.4 +5.8
GVAL Cambria Global Value ETF 0.8 68 -19 9.2 +0.5
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 39 5.8 -2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -34 8.1 -0.5
ARVR First Trust Indxx Metaverse ETF 0.8 70 -21 3.6 -5.1
INDA iShares MSCI India ETF 0.7 65 -16 4.2 -4.4
PBD Invesco Global Clean Energy ETF 0.7 75 -26 0.6 -8.0
GXC SPDR S & P China ETF 0.7 59 -10 14.6 +6.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 37 8.0 -0.6
EPI WisdomTree India Earnings Fund 0.7 85 -36 4.5 -4.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -31 6.7 -2.0
FLIN Franklin FTSE India ETF 0.7 19 30 3.7 -4.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.6 80 -31 8.1 -0.5
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -10 6.6 -2.1
IGF iShares Global Infrastructure ETF 0.5 41 8 4.4 -4.2
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.4 -4.2
AVRE Avantis Real Estate ETF 0.5 17 32 6.9 -1.7
CGXU Capital Group International Focus Equity ETF 0.5 54 -5 4.8 -3.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.5 -2.2
BLES Inspire Global Hope ETF 0.5 61 -12 6.1 -2.5
DEW WisdomTree Global High Dividend Fund 0.5 58 -9 7.6 -1.1
FEP First Trust Europe AlphaDEX Fund 0.5 80 -31 7.0 -1.7
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 2 7.1 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 29 4.9 -3.8
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 -30 6.4 -2.3
ACWI iShares MSCI ACWI ETF 0.4 32 17 4.8 -3.8
EPOL iShares MSCI Poland ETF 0.4 59 -10 9.7 +1.1
VT Vanguard Total World Stock ETF 0.4 6 43 5.2 -3.5
AIA iShares Asia 50 ETF 0.4 50 -1 10.5 +1.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -6 5.9 -2.7
REET iShares Global REIT ETF 0.4 14 35 7.2 -1.4
CLNR IQ Cleaner Transport ETF 0.4 45 4 4.9 -3.7
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -10 8.9 +0.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -31 7.3 -1.4
IXP iShares Global Comm Services ETF 0.3 42 7 5.5 -3.2
DFGR Dimensional Global Real Estate ETF 0.3 22 27 7.4 -1.3
CGDG Capital Group Dividend Growers ETF 0.3 47 2 5.4 -3.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 39 5.1 -3.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 2 4.9 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 5.0 -3.7
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 6.6 -2.1
TTAI FCF International Quality ETF 0.3 59 -10 6.5 -2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 37 4.4 -4.2
GLOF iShares Global Equity Factor ETF 0.2 20 29 6.0 -2.6
BRF VanEck Brazil Small-Cap ETF 0.2 66 -17 11.1 +2.5
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -10 11.2 +2.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 12 7.3 -1.4
GEW Cambria Global EW ETF 0.2 29 20 5.4 -3.2
SNSR Global X Internet of Things ETF 0.2 68 -19 4.3 -4.3
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 4.0 -4.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 17 11.5 +2.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 -6 5.6 -3.0
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.1 -3.5
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 1 6.2 -2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 6.9 -1.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 6.7 -1.9
IXG iShares Global Financials ETF 0.1 42 7 6.0 -2.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 25 6.4 -2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.8 -2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.2 -2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 5.3 -3.4
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 4.4 -4.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 10 8.6 -0.0
WRND IQ Global Equity R&D Leaders ETF 0.0 18 31 6.7 -1.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -21 6.4 -2.3
VPL Vanguard FTSE Pacific ETF 0.0 7 42 5.8 -2.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 6.2 -2.5
VGK Vanguard FTSE Europe ETF 0.0 6 43 6.5 -2.2
SPEU SPDR Portfolio Europe ETF 0.0 7 42 6.4 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 6.0 -2.6
SCHF Schwab International Equity ETF 0.0 6 43 6.3 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 7.5 -1.1
SDIV Global X Superdividend ETF 0.0 58 -9 15.3 +6.7

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 1.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.6 %
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.