SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 9.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.5x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 5.1%


  • 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) $1,160
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) $11,260
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 3.2 %
SINO-AMERICAN SILICON PRODUC 2.5 %
BANCO BRADESCO S.A. 2.3 %
CHINA RAILWAY GROUP LTD - H 2.2 %
SAUDI TELECOM CO. 2.1 %
SINBON ELECTRONINCS CO LTD 2.0 %
PTT PCL-NVDR 1.9 %
ABU DHABI NATIONAL OIL COMPANY FOR 1.8 %
NEPI ROCKCASTLE N.V. 1.8 %
NEDBANK GROUP LTD 1.8 %
Total 21.6 %

TOP COUNTRY EXPOSURE
TAIWAN 22.0 %
THAILAND 12.6 %
MALAYSIA 11.7 %
SOUTH AFRICA 8.4 %
BRAZIL 7.3 %
CHINA 6.3 %
SAUDI ARABIA 4.4 %
MEXICO 3.8 %
UAE 3.5 %
QATAR 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
9.6% 26.4% 13.0% 10.7% 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.42 42%
MSCI EAFE 0.62 65%
MSCI Emg. Mkts. 0.60 75%

Technical Indicators
Recent close $39.44
30d moving avg. $41.44
Annualized volatility 12.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 220
Turnover 0.8%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 223 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™: 9.2%


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 13.4 25 24 6.8 -2.5
DWX SPDR S&P International Dividend ETF 13.2 45 4 6.9 -2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 12.4 40 9 6.8 -2.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.5 44 5 9.7 +0.4
ASEA Global X FTSE Southeast Asia ETF 10.2 65 -16 5.5 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 -14 11.2 +2.0
EWM iShares MSCI Malaysia ETF 9.7 50 -1 6.1 -3.2
ROAM Hartford Multifactor Emerging Markets ETF 8.3 44 5 8.3 -0.9
FRDM Freedom 100 Emerging Markets ETF 7.6 49 0 6.3 -2.9
XC WisdomTree Emerging Markets Ex-China Fund 7.2 32 17 6.5 -2.8
JIVE JPMorgan International Value ETF 7.2 55 -6 8.9 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.1 30 19 8.4 -0.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.0 67 -18 12.8 +3.5
EZA iShares MSCI South Africa ETF 6.9 58 -9 9.1 -0.2
THD iShares MSCI Thailand ETF 6.8 58 -9 0.0 -9.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.8 70 -21 9.5 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.7 39 10 14.5 +5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 6.6 48 1 9.2 +0.0
XCEM Columbia EM Core ex-China ETF 6.4 16 33 5.7 -3.6
VEXC Vanguard Emerging Markets Ex-China ETF 6.0 7 42 6.3 -2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.9 32 17 5.4 -3.9
ECON Columbia Emerging Markets Consumer ETF 5.9 49 0 7.6 -1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.8 24 25 6.1 -3.1
FLLA Franklin FTSE Latin America ETF 5.8 19 30 10.5 +1.3
EYLD Cambria Emerging Shareholder Yield ETF 5.8 66 -17 9.9 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 5.7 75 -26 8.2 -1.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.6 60 -11 10.2 +1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.6 88 -39 8.9 -0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 5.5 15 34 6.2 -3.0
EMXF iShares ESG Advanced MSCI EM ETF 5.4 16 33 7.6 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 5.2 49 0 14.3 +5.1
FLBR Franklin FTSE Brazil ETF 5.1 19 30 11.3 +2.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.0 90 -41 4.4 -4.8
LDEM iShares ESG MSCI EM Leaders ETF 5.0 17 32 12.8 +3.5
AVES Avantis Emerging Markets Value ETF 5.0 36 13 9.5 +0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.0 58 -9 8.7 -0.5
FTHF First Trust Emerging Markets Human Flourishing ETF 5.0 75 -26 6.9 -2.4
EWZ iShares MSCI Brazil ETF 4.9 58 -9 10.1 +0.8
FLTW Franklin FTSE Taiwan ETF 4.9 19 30 4.7 -4.6
JHEM John Hancock Multifactor Emerging Markets ETF 4.8 49 0 8.3 -1.0
STXE Strive Emerging Markets Ex-China ETF 4.8 32 17 6.1 -3.1
SCHY Schwab International Dividend Equity ETF 4.7 14 35 8.5 -0.7
EMXC iShares MSCI Emerging Markets ex China ETF 4.7 25 24 5.8 -3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.6 33 16 7.0 -2.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.5 75 -26 7.2 -2.0
AFK VanEck Africa Index ETF 4.5 98 -49 11.5 +2.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.4 35 14 12.0 +2.8
SCHE Schwab Emerging Markets Equity ETF 4.3 11 38 10.0 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.3 50 -1 8.9 -0.3
ESGE iShares ESG Aware MSCI EM ETF 4.3 25 24 9.1 -0.1
FID First Trust S&P International Dividend Aristocrats ETF 4.2 60 -11 8.2 -1.0
VWO Vanguard FTSE Emerging Markets ETF 4.1 7 42 9.7 +0.5
DVYE iShares Emerging Markets Dividend ETF 4.1 49 0 17.7 +8.5
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 38 8.7 -0.6
SPEM SPDR Portfolio Emerging Markets ETF 4.0 7 42 10.1 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.0 15 34 8.7 -0.5
EWT iShares MSCI Taiwan ETF 4.0 58 -9 4.3 -5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.0 66 -17 8.0 -1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.9 53 -4 5.8 -3.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.9 15 34 9.7 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.9 30 19 8.8 -0.4
EWW iShares MSCI Mexico ETF 3.8 50 -1 8.7 -0.5
FLMX Franklin FTSE Mexico ETF 3.8 19 30 9.2 -0.1
EEM iShares MSCI Emerging Markets ETF 3.7 69 -20 8.7 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.7 45 4 8.9 -0.3
DEHP Dimensional Emerging Markets High Profitability ETF 3.6 41 8 5.4 -3.8
IEMG iShares Core MSCI Emerging Markets ETF 3.6 9 40 9.0 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.6 59 -10 9.2 -0.0
FLN First Trust Latin America AlphaDEX Fund 3.5 80 -31 9.9 +0.7
UAE iShares MSCI UAE ETF 3.5 59 -10 0.0 -9.2
FDEM Fidelity Emerging Markets Multifactor ETF 3.4 25 24 11.2 +1.9
FEM First Trust Emerging Markets AlphaDEX Fund 3.4 80 -31 9.4 +0.2
DFEV Dimensional Emerging Markets Value ETF 3.4 43 6 10.5 +1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.3 36 13 8.4 -0.9
KSA iShares MSCI Saudi Arabia ETF 3.3 74 -25 0.0 -9.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.3 33 16 7.5 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 3.2 35 14 7.7 -1.6
AVSE Avantis Responsible Emerging Markets Equity ETF 3.2 33 16 7.4 -1.8
OBOR KraneShares MSCI One Belt One Road Index ETF 3.2 79 -30 7.2 -2.0
WDIV SPDR S&P Global Dividend ETF 3.1 40 9 9.6 +0.3
MOTI VanEck Morningstar International Moat ETF 3.1 58 -9 9.9 +0.7
JADE JPMorgan Active Developing Markets Equity ETF 3.1 65 -16 6.7 -2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 17 8.2 -1.0
FLSA Franklin FTSE Saudi Arabia ETF 3.0 39 10 0.0 -9.2
AVEM Avantis Emerging Markets Equity ETF 3.0 33 16 7.8 -1.4
EMGF iShares Emerging Markets Equity Factor ETF 3.0 25 24 9.9 +0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.9 38 11 7.6 -1.6
JSTC Adasina Social Justice All Cap Global ETF 2.9 89 -40 4.8 -4.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.7 70 -21 6.7 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 2.6 49 0 9.4 +0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.6 78 -29 10.2 +1.0
OTGL OTG Latin America ETF 2.6 269 -220 7.8 -1.4
VYMI Vanguard International High Dividend Yield ETF 2.6 17 32 8.5 -0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 8 7.4 -1.8
ACWV iShares MSCI Global Min Vol Factor ETF 2.5 20 29 5.8 -3.5
EEMA iShares MSCI Emerging Markets Asia ETF 2.5 49 0 8.5 -0.8
VIDI Vident International Equity Strategy ETF 2.5 61 -12 8.9 -0.3
QAT iShares MSCI Qatar ETF 2.5 59 -10 41.5 +32.3
FLAX Franklin FTSE Asia Ex Japan ETF 2.4 19 30 7.9 -1.3
MOTG VanEck Morningstar Global Wide Moat ETF 2.4 52 -3 7.9 -1.3
NXTG First Trust Indxx NextG ETF 2.4 70 -21 4.8 -4.4
ILF iShares Latin America 40 ETF 2.3 48 1 9.6 +0.3
EMM Global X Emerging Markets ex-China ETF 2.2 75 -26 5.5 -3.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.1 70 -21 7.8 -1.4
EPHE iShares MSCI Philippines ETF 2.1 59 -10 0.0 -9.2
EEMO Invesco S&P Emerging Markets Momentum ETF 2.0 29 20 8.1 -1.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.0 45 4 9.9 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 0 4.9 -4.3
NUEM Nuveen ESG Emerging Markets Equity ETF 1.9 36 13 6.6 -2.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.8 42 7 8.0 -1.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 -11 6.6 -2.6
INCO Columbia India Consumer ETF 1.8 75 -26 2.2 -7.0
INDY iShares India 50 ETF 1.8 89 -40 5.1 -4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -46 10.9 +1.7
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 7.0 -2.3
FCA First Trust China AlphaDEX Fund 1.7 80 -31 7.2 -2.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -31 12.0 +2.8
ISHP First Trust Nasdaq Retail ETF 1.6 60 -11 5.4 -3.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.6 80 -31 4.8 -4.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -16 8.1 -1.2
GREK Global X MSCI Greece ETF 1.3 57 -8 10.3 +1.1
IGRO iShares International Dividend Growth ETF 1.3 15 34 7.1 -2.2
VSGX Vanguard ESG International Stock ETF 1.3 10 39 7.2 -2.0
BKF iShares MSCI BIC ETF 1.2 69 -20 14.1 +4.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 45 7.2 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 15 6.8 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.1 41 8 6.5 -2.7
VXUS Vanguard Total International Stock ETF 1.1 5 44 7.1 -2.1
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 42 7.0 -2.2
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -26 7.9 -1.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.1 80 -31 7.7 -1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 31 6.8 -2.4
RCGE RockCreek Global Equality ETF 1.0 95 -46 6.5 -2.8
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 2 8.1 -1.1
WWJD Inspire International ETF 1.0 80 -31 6.7 -2.6
FXI iShares China Large-Cap ETF 1.0 74 -25 20.3 +11.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 29 -0.2 -9.4
BINV Brandes International ETF 0.9 70 -21 9.0 -0.3
EIDO iShares MSCI Indonesia ETF 0.9 59 -10 8.4 -0.8
IDX VanEck Indonesia Index ETF 0.9 57 -8 7.8 -1.4
JIG JPMorgan International Growth ETF 0.9 55 -6 3.9 -5.3
OSEA Harbor International Compounders ETF 0.9 55 -6 4.4 -4.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 2 8.0 -1.2
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 19 6.9 -2.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 19 6.8 -2.4
PIN Invesco India ETF 0.9 78 -29 5.0 -4.2
SDIV Global X Superdividend ETF 0.9 58 -9 13.7 +4.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 39 8.4 -0.8
MCHI iShares MSCI China ETF 0.8 59 -10 19.4 +10.2
GVAL Cambria Global Value ETF 0.8 68 -19 9.6 +0.4
FLCH Franklin FTSE China ETF 0.8 19 30 17.2 +8.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -34 8.1 -1.2
MEM Matthews Emerging Markets Equity Active ETF 0.8 79 -30 9.4 +0.2
GXC SPDR S & P China ETF 0.7 59 -10 18.0 +8.8
PBD Invesco Global Clean Energy ETF 0.7 75 -26 0.3 -8.9
INDA iShares MSCI India ETF 0.7 65 -16 4.5 -4.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 37 8.6 -0.6
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 39 6.4 -2.9
EPI WisdomTree India Earnings Fund 0.7 85 -36 5.1 -4.1
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -11 2.6 -6.6
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -10 7.2 -2.0
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -31 7.1 -2.2
FLIN Franklin FTSE India ETF 0.7 19 30 4.1 -5.1
FRGN Horizon International Equity ETF 0.6 75 -26 8.7 -0.6
EPOL iShares MSCI Poland ETF 0.6 59 -10 9.9 +0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.7 -2.6
AVRE Avantis Real Estate ETF 0.5 17 32 7.2 -2.0
CGXU Capital Group International Focus Equity ETF 0.5 54 -5 4.3 -4.9
BLES Inspire Global Hope ETF 0.5 61 -12 6.2 -3.1
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.2 -5.0
ARVR First Trust Indxx Metaverse ETF 0.5 70 -21 4.5 -4.7
IGF iShares Global Infrastructure ETF 0.5 41 8 4.2 -5.0
DEW WisdomTree Global High Dividend Fund 0.5 58 -9 7.6 -1.7
FEP First Trust Europe AlphaDEX Fund 0.5 80 -31 7.3 -1.9
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 2 7.5 -1.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 -6 6.2 -3.0
ACWI iShares MSCI ACWI ETF 0.4 32 17 5.1 -4.1
VT Vanguard Total World Stock ETF 0.4 6 43 5.4 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 29 5.1 -4.1
REET iShares Global REIT ETF 0.4 14 35 7.4 -1.8
CLNR IQ Cleaner Transport ETF 0.4 45 4 3.9 -5.4
AIA iShares Asia 50 ETF 0.4 50 -1 9.3 +0.0
IXP iShares Global Comm Services ETF 0.4 42 7 5.7 -3.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -31 7.2 -2.0
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -10 8.5 -0.7
DFGR Dimensional Global Real Estate ETF 0.3 22 27 7.5 -1.8
BRF VanEck Brazil Small-Cap ETF 0.3 66 -17 10.5 +1.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.3 59 -10 11.0 +1.8
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 31 0.0 -9.2
SNSR Global X Internet of Things ETF 0.3 68 -19 4.3 -4.9
CGDG Capital Group Dividend Growers ETF 0.3 47 2 5.4 -3.9
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 39 5.4 -3.8
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 6.7 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 5.3 -3.9
TTAI FCF International Quality ETF 0.3 59 -10 6.6 -2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 37 4.8 -4.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 2 5.1 -4.2
GLOF iShares Global Equity Factor ETF 0.2 20 29 6.1 -3.2
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 -6 5.6 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 12 7.4 -1.9
GEW Cambria Global EW ETF 0.2 29 20 5.7 -3.5
KNCT Invesco Next Gen Connectivity ETF 0.2 40 9 3.9 -5.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 17 13.8 +4.6
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 1 6.1 -3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.4 -1.8
KXI iShares Global Consumer Staples ETF 0.1 41 8 5.4 -3.9
IXG iShares Global Financials ETF 0.1 42 7 6.7 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 6.9 -2.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 25 7.2 -2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 2 5.1 -4.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.4 -2.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 7.2 -2.1
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 5.1 -4.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 10 9.1 -0.2
WRND IQ Global Equity R&D Leaders ETF 0.0 18 31 4.4 -4.8
VPL Vanguard FTSE Pacific ETF 0.0 7 42 5.8 -3.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -21 6.5 -2.8
VGK Vanguard FTSE Europe ETF 0.0 6 43 7.0 -2.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 6.4 -2.8
SPEU SPDR Portfolio Europe ETF 0.0 7 42 6.9 -2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 6.1 -3.1
SCHF Schwab International Equity ETF 0.0 6 43 6.4 -2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 4 7.3 -1.9

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

  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 13.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.52
 
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.