Invesco S&P Emerging Markets Low Volatility ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.5x P/Sales
ratio		 1.5x
P/BV
ratio		 1.2x Div.
yield		 4.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Emerging Markets Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P BMI Emerging Markets Low Volatility Index (the "Underlying Index").

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Jan 13, 2012
Assets (mns) $410
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Volatility
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 190
Wgt avg mkt cap (mns) $30,743
Large cap (>$10bn) 44.2%
Mid cap ($2-10bn) 52.3%
Small cap (<$2bn) 1.6%
Developed mkts 1.9%
Emerging mkts 97.7%

TOP TEN HOLDINGS
ADNOC GAS PLC 5.2 %
IHH HEALTHCARE BHD 1.1 %
MALAYAN BANKING BHD 1.0 %
QL RESOURCES BHD 0.9 %
TISCO FINANCIAL GROUP-NVDR 0.9 %
CHUNGHWA TELECOM CO., LTD 0.9 %
TAIWAN HIGH SPEED RAIL CORPORATION 0.9 %
SAUDI ARABIAN OIL COMPANY (SAUDI A 0.9 %
CHANG HWA COMMERCIAL BANK 0.9 %
KUWAIT FINANCE HOUSE 0.8 %
Total 13.5 %

TOP COUNTRY EXPOSURE
TAIWAN 20.1 %
MALAYSIA 13.2 %
THAILAND 11.0 %
SAUDI ARABIA 9.1 %
BRAZIL 8.7 %
UAE 4.4 %
CHINA 3.8 %
QATAR 3.5 %
KUWAIT 3.3 %
SOUTH KOREA 3.0 %

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.
6.9% 18.3% 5.7% 2.8% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.52 51%
MSCI EAFE 0.61 72%
MSCI Emg. Mkts. 0.63 77%

Technical Indicators
Recent close $24.52
30d moving avg. $25.51
Annualized volatility 12.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 83
Turnover 0.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $3,266

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 potential alternatives to the Invesco S&P Emerging Markets Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with EELV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EELV Expense: 29 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EELV
Ticker Fund
Name		 Overlap1
vs EELV
(%)		 Expense
ratio
(bp)		 Savings
vs EELV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EELV
(%)
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 30.2 25 4 6.6 -2.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.3 40 -11 8.3 -0.4
RNEM First Trust Emerging Markets Equity Select ETF 22.1 75 -46 7.6 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.9 44 -15 10.6 +1.9
EMXF iShares ESG Advanced MSCI EM ETF 21.5 16 13 6.8 -1.9
EDIV SPDR S&P Emerging Markets Dividend ETF 20.8 49 -20 12.0 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.8 30 -1 8.1 -0.6
XCEM Columbia EM Core ex-China ETF 20.2 16 13 7.7 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 18.8 24 5 9.2 +0.5
EMXC iShares MSCI Emerging Markets ex China ETF 18.2 25 4 6.7 -2.0
ECON Columbia Emerging Markets Consumer ETF 18.1 49 -20 7.3 -1.4
LDEM iShares ESG MSCI EM Leaders ETF 17.9 17 12 7.6 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 17.1 39 -10 12.5 +3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 16.8 15 14 6.3 -2.4
EWT iShares MSCI Taiwan ETF 16.5 58 -29 5.7 -3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 16.4 30 -1 7.3 -1.4
STXE Strive Emerging Markets Ex-China ETF 16.4 32 -3 7.0 -1.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 16.3 15 14 10.2 +1.5
SCHE Schwab Emerging Markets Equity ETF 16.0 11 18 7.1 -1.6
ESGE iShares ESG Aware MSCI EM ETF 15.6 25 4 7.1 -1.6
FLTW Franklin FTSE Taiwan ETF 15.5 19 10 5.9 -2.8
JHEM John Hancock Multifactor Emerging Markets ETF 15.4 49 -20 8.2 -0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.2 20 9 6.8 -1.9
ROAM Hartford Multifactor Emerging Markets ETF 15.2 44 -15 15.8 +7.1
EEM iShares MSCI Emerging Markets ETF 15.1 69 -40 6.9 -1.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 15.0 15 14 7.2 -1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 14.9 48 -19 8.8 +0.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 14.8 18 11 6.8 -1.9
BKEM BNY Mellon Emerging Markets Equity ETF 14.8 11 18 8.4 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.7 66 -37 10.0 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 14.4 45 -16 11.0 +2.3
DEM WisdomTree Emerging Markets High Dividend Fund 14.2 63 -34 18.9 +10.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 14.0 36 -7 7.8 -0.9
EMGF iShares Emerging Markets Equity Factor ETF 13.9 25 4 8.5 -0.2
FDEM Fidelity Emerging Markets Multifactor ETF 13.9 25 4 12.3 +3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.6 50 -21 13.0 +4.3
SPEM SPDR Portfolio Emerging Markets ETF 13.4 7 22 7.3 -1.4
VWO Vanguard FTSE Emerging Markets ETF 13.3 8 21 6.9 -1.8
DFAE Dimensional Emerging Core Equity Market ETF 13.3 35 -6 7.3 -1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 13.2 49 -20 12.2 +3.5
IEMG iShares Core MSCI Emerging Markets ETF 13.2 9 20 7.5 -1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 13.2 32 -3 6.9 -1.9
EWM iShares MSCI Malaysia ETF 13.2 50 -21 5.5 -3.2
EQLT iShares MSCI Emerging Markets Quality Factor ETF 11.5 35 -6 7.4 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.4 59 -30 11.3 +2.6
DFEV Dimensional Emerging Markets Value ETF 11.3 43 -14 11.1 +2.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 11.2 35 -6 12.4 +3.7
FLLA Franklin FTSE Latin America ETF 11.2 19 10 13.2 +4.4
DEHP Dimensional Emerging Markets High Profitability ETF 11.2 41 -12 5.0 -3.7
XC WisdomTree Emerging Markets Ex-China Fund 11.0 32 -3 6.0 -2.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 11.0 41 -12 7.4 -1.3
DVYE iShares Emerging Markets Dividend ETF 10.8 49 -20 18.8 +10.0
ASEA Global X FTSE Southeast Asia ETF 10.8 65 -36 6.3 -2.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.7 38 -9 7.8 -0.9
GMF SPDR S&P Emerging Asia Pacific ETF 10.7 49 -20 6.1 -2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.9 90 -61 6.1 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 9.8 36 -7 6.5 -2.3
THD iShares MSCI Thailand ETF 9.5 58 -29 6.1 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 9.4 33 -4 8.2 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.4 32 -3 6.2 -2.5
EEMA iShares MSCI Emerging Markets Asia ETF 9.2 49 -20 6.5 -2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 9.1 75 -46 8.9 +0.2
FLSA Franklin FTSE Saudi Arabia ETF 9.1 39 -10 5.7 -3.0
AVES Avantis Emerging Markets Value ETF 8.9 36 -7 11.6 +2.9
KSA iShares MSCI Saudi Arabia ETF 8.9 74 -45 5.6 -3.1
AVEM Avantis Emerging Markets Equity ETF 8.7 33 -4 8.9 +0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.6 70 -41 6.2 -2.6
FLAX Franklin FTSE Asia Ex Japan ETF 8.2 19 10 6.9 -1.9
ACWV iShares MSCI Global Min Vol Factor ETF 7.9 20 9 6.3 -2.4
EWZ iShares MSCI Brazil ETF 7.8 58 -29 10.4 +1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.8 70 -41 9.2 +0.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.5 67 -38 15.0 +6.3
FLN First Trust Latin America AlphaDEX Fund 7.4 80 -51 8.4 -0.3
FEM First Trust Emerging Markets AlphaDEX Fund 7.4 80 -51 13.0 +4.3
FRDM Freedom 100 Emerging Markets ETF 7.4 49 -20 7.3 -1.5
VYMI Vanguard International High Dividend Yield ETF 7.3 22 7 9.8 +1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.0 45 -16 12.3 +3.6
EEMO Invesco S&P Emerging Markets Momentum ETF 6.9 29 0 5.5 -3.2
FLBR Franklin FTSE Brazil ETF 6.8 19 10 13.2 +4.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.7 49 -20 16.1 +7.4
GVAL Cambria Global Value ETF 6.4 68 -39 13.1 +4.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 6.1 75 -46 8.2 -0.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.0 88 -59 7.4 -1.3
WWJD Inspire International ETF 6.0 80 -51 7.3 -1.4
SCHY Schwab International Dividend Equity ETF 5.8 14 15 9.3 +0.6
RODE Hartford Multifactor Diversified International ETF 5.6 29 0 11.8 +3.1
DWX SPDR S&P International Dividend ETF 5.5 45 -16 6.5 -2.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.3 60 -31 13.4 +4.7
FBZ First Trust Brazil AlphaDEX Fund 5.3 80 -51 13.3 +4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.2 95 -66 10.5 +1.8
EMC Global X Emerging Markets Great Consumer ETF 4.9 75 -46 4.5 -4.2
IQDE FlexShares International Quality Dividend Defensive Index ET 4.8 47 -18 14.8 +6.1
ACWX iShares MSCI ACWI ex U.S. ETF 4.7 34 -5 7.0 -1.8
BKF iShares MSCI BIC ETF 4.6 69 -40 6.9 -1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.6 18 11 7.0 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.6 41 -12 7.4 -1.3
EMM Global X Emerging Markets ex-China ETF 4.5 75 -46 4.2 -4.5
VSGX Vanguard ESG International Stock ETF 4.4 12 17 6.8 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 4.3 8 21 7.3 -1.5
CWI SPDR MSCI ACWI ex-US ETF 4.2 30 -1 6.9 -1.8
IXUS iShares Core MSCI Total International Stock ETF 4.2 7 22 7.2 -1.5
UAE iShares MSCI UAE ETF 3.9 59 -30 8.4 -0.3
VXUS Vanguard Total International Stock ETF 3.9 7 22 7.2 -1.5
NXTG First Trust Indxx NextG ETF 3.8 70 -41 6.2 -2.5
DEW WisdomTree Global High Dividend Fund 3.8 58 -29 8.5 -0.2
ILF iShares Latin America 40 ETF 3.8 48 -19 10.4 +1.7
QAT iShares MSCI Qatar ETF 3.5 59 -30 9.4 +0.7
VIDI Vident International Equity Strategy ETF 3.4 61 -32 10.2 +1.5
AIA iShares Asia 50 ETF 3.4 50 -21 6.6 -2.1
BLES Inspire Global Hope ETF 3.3 61 -32 6.4 -2.3
ICLN iShares Global Clean Energy ETF 3.3 41 -12 6.0 -2.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 -36 8.2 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.2 30 -1 8.0 -0.8
IQDF FlexShares International Quality Dividend Index Fund 3.1 47 -18 12.9 +4.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.8 58 -29 10.2 +1.5
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -37 13.2 +4.5
VEGI iShares MSCI Agriculture Producers ETF 2.7 39 -10 9.2 +0.5
FXI iShares China Large-Cap ETF 2.7 74 -45 8.2 -0.5
ECH iShares MSCI Chile ETF 2.7 58 -29 9.8 +1.0
FLMX Franklin FTSE Mexico ETF 2.6 19 10 16.2 +7.5
KALL KraneShares MSCI All China Index ETF 2.6 49 -20 9.0 +0.3
FCA First Trust China AlphaDEX Fund 2.4 80 -51 16.2 +7.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.4 46 -17 9.3 +0.6
MEM Matthews Emerging Markets Equity Active ETF 2.3 79 -50 5.4 -3.3
EMIF iShares Emerging Markets Infrastructure ETF 2.3 60 -31 8.5 -0.2
FLCH Franklin FTSE China ETF 2.2 19 10 8.8 +0.1
MCHI iShares MSCI China ETF 2.2 59 -30 8.4 -0.4
GXC SPDR S&P China ETF 2.2 59 -30 8.3 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.1 20 9 5.2 -3.6
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -31 9.0 +0.2
WDIV SPDR S&P Global Dividend ETF 2.1 40 -11 9.4 +0.6
BRAZ Global X Brazil Active ETF 2.1 75 -46 10.1 +1.4
EWY iShares MSCI South Korea ETF 2.1 58 -29 9.8 +1.1
IXG iShares Global Financials ETF 2.0 42 -13 6.2 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.0 78 -49 9.0 +0.3
OBOR KraneShares MSCI One Belt One Road Index ETF 1.9 79 -50 10.3 +1.6
MOO VanEck Agribusiness ETF 1.9 53 -24 9.7 +1.0
BJK VanEck Gaming ETF 1.9 65 -36 1.4 -7.3
JSTC Adasina Social Justice All Cap Global ETF 1.8 89 -60 4.9 -3.8
FLKR Franklin FTSE South Korea ETF 1.8 9 20 10.6 +1.9
IWTR iShares MSCI Water Management Multisector ETF 1.8 47 -18 5.0 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 -18 9.4 +0.7
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 -26 8.0 -0.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.7 56 -27 13.5 +4.8
AFK VanEck Africa Index ETF 1.7 98 -69 9.1 +0.4
EZA iShares MSCI South Africa ETF 1.7 58 -29 10.3 +1.6
KLMT Invesco MSCI Global Climate 500 ETF 1.6 10 19 5.4 -3.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 -10 12.8 +4.1
ACWI iShares MSCI ACWI ETF 1.6 32 -3 5.3 -3.4
TTAI FCF International Quality ETF 1.6 59 -30 5.6 -3.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -51 12.3 +3.6
EWW iShares MSCI Mexico ETF 1.5 50 -21 13.2 +4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.5 47 -18 5.5 -3.3
GLOF iShares Global Equity Factor ETF 1.4 20 9 7.0 -1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.4 80 -51 7.6 -1.1
EIDO iShares MSCI Indonesia ETF 1.4 59 -30 7.5 -1.3
IDX VanEck Indonesia Index ETF 1.4 57 -28 8.8 +0.0
VT Vanguard Total World Stock ETF 1.4 7 22 5.5 -3.2
DGT SPDR Global Dow ETF 1.4 50 -21 6.8 -1.9
SDIV Global X Superdividend ETF 1.4 58 -29 14.9 +6.2
GINX SGI Enhanced Global Income ETF 1.3 98 -69 5.6 -3.1
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.3 68 -39 8.2 -0.5
GREK Global X MSCI Greece ETF 1.3 57 -28 -4.0 -12.7
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -41 9.7 +0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.2 55 -26 9.7 +1.0
RNRG Global X Renewable Energy Producers ETF 1.2 66 -37 5.5 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 17 4.8 -3.9
FILL iShares MSCI Global Energy Producers ETF 1.2 39 -10 9.6 +0.9
APIE ActivePassive International Equity ETF 1.1 45 -16 8.1 -0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 -20 5.6 -3.1
FPXI First Trust International Equity Opportunities ETF 1.1 70 -41 4.9 -3.8
CRAK VanEck Oil Refiners ETF 1.0 61 -32 14.7 +6.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -41 7.7 -1.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.0 45 -16 5.7 -3.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 20 5.4 -3.4
GSIB Themes Global Systemically Important Banks ETF 1.0 35 -6 13.4 +4.7
UIVM VictoryShares International Value Momentum ETF 0.9 35 -6 11.0 +2.3
GII SPDR S&P Global Infrastructure ETF 0.9 40 -11 4.3 -4.4
IGF iShares Global Infrastructure ETF 0.9 41 -12 4.3 -4.4
IQRA IQ CBRE Real Assets ETF 0.9 65 -36 5.2 -3.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 -8 8.9 +0.2
GXG Global X MSCI Colombia ETF 0.9 62 -33 15.8 +7.1
NDIA Global X India Active ETF 0.9 75 -46 7.2 -1.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.9 60 -31 9.8 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 0.9 83 -54 11.1 +2.4
LNGG Roundhill Alerian LNG ETF 0.8 65 -36 9.1 +0.4
EPHE iShares MSCI Philippines ETF 0.8 59 -30 8.9 +0.2
KXI iShares Global Consumer Staples ETF 0.8 41 -12 5.7 -3.0
JIG JPMorgan International Growth ETF 0.8 55 -26 4.6 -4.1
SHPP Pacer Industrials and Logistics ETF 0.8 60 -31 9.9 +1.1
IGRO iShares International Dividend Growth ETF 0.8 15 14 7.5 -1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.8 58 -29 4.6 -4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -54 10.0 +1.2
VIGI Vanguard International Dividend Appreciation ETF 0.7 15 14 6.4 -2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 -13 8.1 -0.7
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -31 12.5 +3.8
PID Invesco International Dividend Achievers ETF 0.6 53 -24 7.0 -1.7
ISHP First Trust Nasdaq Retail ETF 0.5 60 -31 2.9 -5.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 19 7.7 -1.1
NLR VanEck Uranium+Nuclear Energy ETF 0.5 61 -32 2.9 -5.9
CLNR IQ Cleaner Transport ETF 0.5 45 -16 6.8 -1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 5 8.7 -0.1
HART IQ Healthy Hearts ETF 0.5 45 -16 5.0 -3.8
KNCT Invesco Next Gen Connectivity ETF 0.5 40 -11 5.6 -3.1
MCH Matthews China Active ETF 0.5 79 -50 5.4 -3.3
JCHI JPMorgan Active China ETF 0.5 65 -36 8.0 -0.8
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -16 -4.6 -13.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -51 9.1 +0.4
OSEA Harbor International Compounders ETF 0.5 55 -26 4.3 -4.5
CBSE Clough Select Equity ETF 0.5 85 -56 0.4 -8.4
RGEF Rockefeller Global Equity ETF 0.5 55 -26 5.0 -3.8
EPOL iShares MSCI Poland ETF 0.5 59 -30 12.9 +4.2
CUT Invesco MSCI Global Timber ETF 0.5 61 -32 8.4 -0.3
WOOD iShares Global Timber & Forestry ETF 0.5 42 -13 9.8 +1.0
SMOG VanEck Low Carbon Energy ETF 0.4 61 -32 2.4 -6.4
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -33 3.6 -5.1
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 -46 1.6 -7.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.4 60 -31 0.5 -8.3
BNGE First Trust S-Network Streaming and Gaming ETF 0.4 70 -41 -3.5 -12.2
AQWA Global X Clean Water ETF 0.4 50 -21 4.2 -4.5
CGW Invesco S&P Global Water Index ETF 0.4 57 -28 4.4 -4.3
PIO Invesco Global Water ETF 0.4 75 -46 5.2 -3.6
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -66 3.5 -5.3
SNSR Global X Internet of Things ETF 0.4 68 -39 4.6 -4.1
XT iShares Exponential Technologies ETF 0.4 46 -17 4.8 -4.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 -20 5.7 -3.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 -18 4.9 -3.8
ICOP iShares Copper and Metals Mining ETF 0.4 47 -18 10.1 +1.4
IDV iShares International Select Dividend ETF 0.4 51 -22 12.2 +3.5
JXI iShares Global Utilities ETF 0.4 43 -14 5.9 -2.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 -5 5.9 -2.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -51 10.8 +2.1
FAN First Trust Global Wind Energy ETF 0.4 60 -31 5.5 -3.2
WNDY Global X Wind Energy ETF 0.4 50 -21 6.1 -2.7
HAP VanEck Natural Resources ETF 0.4 50 -21 10.0 +1.3
FEP First Trust Europe AlphaDEX Fund 0.4 80 -51 7.8 -0.9
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -51 6.7 -2.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.4 68 -39 2.1 -6.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.4 60 -31 4.1 -4.7
DGIN VanEck Digital India ETF 0.4 71 -42 0.1 -8.6
FVD First Trust Value Line Dividend Index Fund 0.4 65 -36 6.3 -2.5
GLIN VanEck India Growth Leaders ETF 0.4 77 -48 5.7 -3.1
KOCG FIS Knights of Columbus Global Belief ETF 0.4 75 -46 5.0 -3.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 -21 5.7 -3.0
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -30 7.4 -1.4
SUPL ProShares Supply Chain Logistics ETF 0.4 58 -29 14.2 +5.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -57 1.6 -7.1
EPI WisdomTree India Earnings Fund 0.4 85 -56 6.1 -2.7
FLIN Franklin FTSE India ETF 0.4 19 10 4.7 -4.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -57 1.2 -7.5
CGGO Capital Group Global Growth Equity ETF 0.4 47 -18 4.6 -4.2
CGXU Capital Group International Focus Equity ETF 0.4 54 -25 4.9 -3.9
INQQ India Internet & Ecommerce ETF 0.4 86 -57 2.6 -6.2
MINV Matthews Asia Innovators Active ETF 0.4 79 -50 3.0 -5.7
JGLO JPMorgan Global Select Equity ETF 0.3 33 -4 4.5 -4.3
IXP iShares Global Comm Services ETF 0.3 42 -13 5.1 -3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -20 7.0 -1.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 -17 4.9 -3.8
VPL Vanguard FTSE Pacific ETF 0.3 8 21 7.7 -1.0
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -39 4.0 -4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -10 7.2 -1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 -3 6.1 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 22 6.7 -2.0
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -26 11.0 +2.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -36 8.2 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 4 9.9 +1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 9 7.1 -1.7
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -21 6.1 -2.6
VEA Vanguard FTSE Developed Markets ETF 0.1 5 24 7.3 -1.4
SCHF Schwab International Equity ETF 0.1 6 23 7.5 -1.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 9 1.0 -7.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 -16 8.9 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 26 7.2 -1.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 18 6.6 -2.2
ERNZ TrueShares Active Yield ETF 0.1 75 -46 10.9 +2.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 17 8.3 -0.5
EXI iShares Global Industrials ETF 0.0 42 -13 4.5 -4.2
SPEU SPDR Portfolio Europe ETF 0.0 7 22 7.1 -1.7
VGK Vanguard FTSE Europe ETF 0.0 11 18 7.1 -1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -10 7.4 -1.3

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
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
  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:		 Invesco S&P Emerging Markets Low Volatility 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 10.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.