SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 9.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x 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) $922
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) $13,589
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 4.0 %
BANCO DO BRASIL SA 3.6 %
PTT PCL-NVDR 3.4 %
SAUDI TELECOM CO. 3.0 %
NEDBANK GROUP LTD 2.6 %
STANDARD BANK GROUP LTD 2.3 %
EMBOTELLADORAS ARCA SAB-NOM 2.3 %
ADVANCED INFO SERVICE PUBLIC CO., 2.2 %
TENAGA NASIONAL BHD 2.2 %
CHUNGHWA TELECOM CO., LTD 2.2 %
Total 27.7 %

TOP COUNTRY EXPOSURE
TAIWAN 20.8 %
THAILAND 13.0 %
SOUTH AFRICA 11.3 %
MALAYSIA 11.2 %
BRAZIL 9.9 %
CHINA 7.1 %
SAUDI ARABIA 4.8 %
MEXICO 4.2 %
UAE 2.4 %
KUWAIT 2.1 %

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.
14.0% 12.3% 14.8% 8.2% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.56 36%
MSCI EAFE 0.55 44%
MSCI Emg. Mkts. 0.63 70%

Technical Indicators
Recent close $38.80
30d moving avg. $38.66
Annualized volatility 12.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 95
Turnover 0.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 222 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™: 9.3%


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 8.8 -0.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 15.5 25 24 6.4 -2.9
DWX SPDR S&P International Dividend ETF 13.8 45 4 7.3 -2.0
ASEA Global X FTSE Southeast Asia ETF 12.3 65 -16 6.3 -3.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.1 40 9 6.6 -2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.9 44 5 10.4 +1.1
EWM iShares MSCI Malaysia ETF 9.9 50 -1 6.4 -2.9
EZA iShares MSCI South Africa ETF 9.4 58 -9 9.9 +0.7
THD iShares MSCI Thailand ETF 9.3 58 -9 0.0 -9.3
EMMF WisdomTree Emerging Markets Multifactor Fund 9.2 48 1 7.0 -2.3
DEM WisdomTree Emerging Markets High Dividend Fund 8.9 63 -14 12.7 +3.5
XCEM Columbia EM Core ex-China ETF 8.4 16 33 7.6 -1.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.3 30 19 8.6 -0.7
ROAM Hartford Multifactor Emerging Markets ETF 8.0 44 5 11.1 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.9 32 17 6.4 -2.9
FRDM Freedom 100 Emerging Markets ETF 7.8 49 0 7.3 -2.0
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 6.6 39 10 15.3 +6.0
EMXF iShares ESG Advanced MSCI EM ETF 6.2 16 33 7.8 -1.5
FTHF First Trust Emerging Markets Human Flourishing ETF 6.2 75 -26 9.1 -0.1
EYLD Cambria Emerging Shareholder Yield ETF 6.2 66 -17 11.6 +2.3
FLTW Franklin FTSE Taiwan ETF 6.1 19 30 5.9 -3.3
FLBR Franklin FTSE Brazil ETF 6.1 19 30 13.8 +4.5
RNEM First Trust Emerging Markets Equity Select ETF 5.9 75 -26 8.4 -0.8
AFK VanEck Africa Index ETF 5.7 98 -49 14.8 +5.5
XCNY SPDR S&P Emerging Markets ex-China ETF 5.7 15 34 7.2 -2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.6 45 4 10.0 +0.8
STXE Strive Emerging Markets Ex-China ETF 5.6 32 17 7.3 -2.0
FDEM Fidelity Emerging Markets Multifactor ETF 5.5 25 24 11.9 +2.6
JHEM John Hancock Multifactor Emerging Markets ETF 5.4 49 0 9.3 +0.0
ECON Columbia Emerging Markets Consumer ETF 5.4 49 0 11.5 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 5.3 25 24 6.9 -2.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 5.3 15 34 7.3 -1.9
EWZ iShares MSCI Brazil ETF 5.3 58 -9 12.1 +2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 5.2 49 0 14.6 +5.4
EWT iShares MSCI Taiwan ETF 5.2 58 -9 5.7 -3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.1 50 -1 10.2 +0.9
FLLA Franklin FTSE Latin America ETF 5.1 19 30 12.3 +3.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.1 75 -26 9.7 +0.4
SCHY Schwab International Dividend Equity ETF 5.1 14 35 9.4 +0.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.8 70 -21 11.6 +2.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.8 67 -18 14.8 +5.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.7 20 29 9.6 +0.3
LDEM iShares ESG MSCI EM Leaders ETF 4.6 17 32 13.7 +4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.5 15 34 9.5 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.5 66 -17 8.8 -0.5
SCHE Schwab Emerging Markets Equity ETF 4.5 11 38 10.3 +1.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 4.4 53 -4 7.2 -2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.4 33 16 8.1 -1.2
DVYE iShares Emerging Markets Dividend ETF 4.4 49 0 17.7 +8.5
BKEM BNY Mellon Emerging Markets Equity ETF 4.4 11 38 9.1 -0.2
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
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.2 30 19 9.4 +0.2
VWO Vanguard FTSE Emerging Markets ETF 4.2 7 42 10.0 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.2 45 4 9.4 +0.2
EWW iShares MSCI Mexico ETF 4.2 50 -1 9.2 -0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.2 58 -9 9.4 +0.2
XC WisdomTree Emerging Markets Ex-China Fund 4.1 32 17 5.4 -3.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.1 90 -41 4.9 -4.4
KSA iShares MSCI Saudi Arabia ETF 4.1 74 -25 0.0 -9.3
DEHP Dimensional Emerging Markets High Profitability ETF 4.1 41 8 6.3 -3.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 -11 10.9 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 4.0 7 42 10.2 +0.9
EEM iShares MSCI Emerging Markets ETF 4.0 69 -20 9.3 +0.1
ESGE iShares ESG Aware MSCI EM ETF 4.0 25 24 9.2 -0.1
AVES Avantis Emerging Markets Value ETF 4.0 36 13 10.7 +1.4
FLSA Franklin FTSE Saudi Arabia ETF 3.9 39 10 0.0 -9.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.8 33 16 9.2 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.8 36 13 8.9 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 3.7 9 40 9.6 +0.3
FLMX Franklin FTSE Mexico ETF 3.6 19 30 9.7 +0.5
DFAE Dimensional Emerging Core Equity Market ETF 3.5 35 14 8.5 -0.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 3.5 35 14 15.9 +6.7
FEM First Trust Emerging Markets AlphaDEX Fund 3.4 80 -31 11.3 +2.1
FLN First Trust Latin America AlphaDEX Fund 3.3 80 -31 11.1 +1.8
EMGF iShares Emerging Markets Equity Factor ETF 3.3 25 24 10.6 +1.3
AVEM Avantis Emerging Markets Equity ETF 3.2 33 16 8.1 -1.1
ILF iShares Latin America 40 ETF 3.2 48 1 11.7 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.2 38 11 8.5 -0.8
RODE Hartford Multifactor Diversified International ETF 3.2 29 20 10.3 +1.1
VIDI Vident International Equity Strategy ETF 3.1 61 -12 10.4 +1.1
AVSE Avantis Responsible Emerging Markets Equity ETF 3.1 33 16 7.9 -1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.1 32 17 8.3 -1.0
ACWV iShares MSCI Global Min Vol Factor ETF 2.9 20 29 6.0 -3.3
GMF SPDR S&P Emerging Asia Pacific ETF 2.9 49 0 9.3 0.0
FLAX Franklin FTSE Asia Ex Japan ETF 2.8 19 30 8.3 -1.0
VYMI Vanguard International High Dividend Yield ETF 2.8 17 32 9.1 -0.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.7 88 -39 7.9 -1.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -29 9.0 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 2.7 49 0 8.9 -0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.7 41 8 8.1 -1.2
DFEV Dimensional Emerging Markets Value ETF 2.6 43 6 11.8 +2.5
OTGL OTG Latin America ETF 2.6 269 -220 8.4 -0.9
JCHI JPMorgan Active China ETF 2.5 65 -16 13.8 +4.5
MOTI VanEck Morningstar International Moat ETF 2.5 58 -9 10.6 +1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.4 70 -21 8.3 -1.0
UAE iShares MSCI UAE ETF 2.4 59 -10 0.0 -9.3
EEMO Invesco S&P Emerging Markets Momentum ETF 2.4 29 20 7.5 -1.8
NXTG First Trust Indxx NextG ETF 2.3 70 -21 4.9 -4.3
SDG iShares MSCI Global Sustainable Development Goals ETF 2.3 49 0 4.9 -4.3
EMM Global X Emerging Markets ex-China ETF 2.3 75 -26 7.1 -2.1
FCA First Trust China AlphaDEX Fund 2.2 80 -31 8.9 -0.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.1 42 7 9.5 +0.2
WWJD Inspire International ETF 2.1 80 -31 7.1 -2.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 -3 8.8 -0.5
INCO Columbia India Consumer ETF 2.1 75 -26 1.8 -7.5
INDY iShares India 50 ETF 2.1 89 -40 5.0 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 2 7.8 -1.4
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 -40 5.1 -4.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -11 8.0 -1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 7.7 -1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.8 70 -21 7.5 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -46 10.9 +1.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.7 80 -31 4.6 -4.6
ISHP First Trust Nasdaq Retail ETF 1.7 60 -11 5.5 -3.7
QAT iShares MSCI Qatar ETF 1.7 59 -10 48.5 +39.3
DEW WisdomTree Global High Dividend Fund 1.7 58 -9 8.4 -0.9
MEM Matthews Emerging Markets Equity Active ETF 1.6 79 -30 7.2 -2.1
EMC Global X Emerging Markets Great Consumer ETF 1.6 75 -26 7.3 -1.9
OBOR KraneShares MSCI One Belt One Road Index ETF 1.6 79 -30 7.9 -1.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -16 8.1 -1.2
FXI iShares China Large-Cap ETF 1.4 74 -25 16.4 +7.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -31 14.0 +4.8
VSGX Vanguard ESG International Stock ETF 1.3 10 39 7.5 -1.8
BKF iShares MSCI BIC ETF 1.3 69 -20 12.7 +3.5
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -11 7.7 -1.6
IGRO iShares International Dividend Growth ETF 1.3 15 34 7.1 -2.2
KALL KraneShares MSCI All China Index ETF 1.3 49 0 12.7 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 8 7.1 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 15 7.3 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 45 7.7 -1.6
VXUS Vanguard Total International Stock ETF 1.2 5 44 7.6 -1.7
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 42 7.5 -1.8
EPHE iShares MSCI Philippines ETF 1.1 59 -10 0.0 -9.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 31 7.2 -2.0
RFEU First Trust Riverfront Dynamic Europe ETF 1.1 83 -34 10.0 +0.7
GREK Global X MSCI Greece ETF 1.1 57 -8 11.2 +1.9
BLES Inspire Global Hope ETF 1.1 61 -12 6.8 -2.4
OSEA Harbor International Compounders ETF 1.0 55 -6 4.9 -4.4
IDX VanEck Indonesia Index ETF 1.0 57 -8 7.2 -2.1
EIDO iShares MSCI Indonesia ETF 1.0 59 -10 7.7 -1.6
RCGE RockCreek Global Equality ETF 1.0 95 -46 6.7 -2.6
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 19 7.3 -1.9
WDIV SPDR S&P Global Dividend ETF 1.0 40 9 8.9 -0.3
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 2 8.5 -0.8
BINV Brandes International ETF 1.0 70 -21 9.1 -0.2
FLCH Franklin FTSE China ETF 1.0 19 30 14.9 +5.7
MCHI iShares MSCI China ETF 1.0 59 -10 16.2 +6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.0 30 19 7.5 -1.8
EMIF iShares Emerging Markets Infrastructure ETF 1.0 60 -11 4.6 -4.7
JIG JPMorgan International Growth ETF 0.9 55 -6 4.6 -4.7
INDA iShares MSCI India ETF 0.9 65 -16 4.6 -4.7
FLIN Franklin FTSE India ETF 0.9 19 30 4.0 -5.3
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 39 6.5 -2.8
PIN Invesco India ETF 0.9 78 -29 4.7 -4.6
ARVR First Trust Indxx Metaverse ETF 0.8 70 -21 4.1 -5.2
GVAL Cambria Global Value ETF 0.8 68 -19 10.6 +1.3
GXC SPDR S & P China ETF 0.8 59 -10 15.2 +5.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -34 9.0 -0.3
EPI WisdomTree India Earnings Fund 0.7 85 -36 4.9 -4.4
PBD Invesco Global Clean Energy ETF 0.7 75 -26 0.8 -8.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 39 6.7 -2.5
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -31 7.8 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 37 8.2 -1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.6 80 -31 9.4 +0.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 41 7.3 -2.0
IGF iShares Global Infrastructure ETF 0.6 41 8 4.6 -4.7
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -10 6.8 -2.5
GII SPDR S&P Global Infrastructure ETF 0.6 40 9 4.6 -4.6
CGDG Capital Group Dividend Growers ETF 0.6 47 2 6.1 -3.2
FEP First Trust Europe AlphaDEX Fund 0.5 80 -31 8.1 -1.1
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 5.4 -3.9
VT Vanguard Total World Stock ETF 0.4 6 43 5.7 -3.5
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 2 7.6 -1.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -6 6.9 -2.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -31 8.7 -0.6
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -10 9.0 -0.3
AIA iShares Asia 50 ETF 0.4 50 -1 12.3 +3.1
EPOL iShares MSCI Poland ETF 0.4 59 -10 11.0 +1.7
REET iShares Global REIT ETF 0.4 14 35 7.5 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 29 5.5 -3.8
IXP iShares Global Comm Services ETF 0.3 42 7 5.9 -3.3
CLNR IQ Cleaner Transport ETF 0.3 45 4 5.0 -4.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 37 5.1 -4.2
DFGR Dimensional Global Real Estate ETF 0.3 22 27 7.7 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 39 5.6 -3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 5.5 -3.7
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 7.0 -2.3
TTAI FCF International Quality ETF 0.3 59 -10 7.2 -2.0
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -11 10.5 +1.3
GLOF iShares Global Equity Factor ETF 0.2 20 29 6.7 -2.6
BRF VanEck Brazil Small-Cap ETF 0.2 66 -17 11.5 +2.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -10 11.0 +1.8
XT iShares Exponential Technologies ETF 0.2 46 3 4.6 -4.6
SNSR Global X Internet of Things ETF 0.2 68 -19 4.8 -4.4
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 4.6 -4.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 2 5.3 -3.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 -6 6.2 -3.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.7 -3.6
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.8 -3.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 7.6 -1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 12 7.9 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 7 6.3 -3.0
IXG iShares Global Financials ETF 0.1 42 7 6.6 -2.7
AVRE Avantis Real Estate ETF 0.1 17 32 7.3 -2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 7.0 -2.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 7.8 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 10 11.1 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 10 5.8 -3.5
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 4.6 -4.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 7.3 -2.0
VPL Vanguard FTSE Pacific ETF 0.0 7 42 6.3 -2.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 6.6 -2.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 6.9 -2.4
SPEU SPDR Portfolio Europe ETF 0.0 7 42 7.2 -2.1
VGK Vanguard FTSE Europe ETF 0.0 6 43 7.3 -2.0
SCHF Schwab International Equity ETF 0.0 6 43 6.9 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.7 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 8.5 -0.8
SDIV Global X Superdividend ETF 0.0 58 -9 42.0 +32.8

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 12.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.53
 
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.