Invesco S&P Emerging Markets Low Volatility ETF
ALTAR
Score™		 8.3% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.5x P/Sales
ratio		 1.3x
P/BV
ratio		 1.2x Div.
yield		 4.5%


  • 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 PowerShares
Website www.powershares.com
Inception date Jan 13, 2012
Assets (mns) $445
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 193
Wgt avg mkt cap (mns) $29,883
Large cap (>$10bn) 37.8%
Mid cap ($2-10bn) 58.2%
Small cap (<$2bn) 3.3%
Developed mkts 0.9%
Emerging mkts 99.2%

TOP TEN HOLDINGS
BOROUGE PLC 4.0 %
MALAYAN BANKING BHD 1.0 %
CHANG HWA COMMERCIAL BANK 0.9 %
CHUNGHWA TELECOM CO., LTD 0.9 %
TAIWAN MOBILE CO. LTD. 0.9 %
HIGHWEALTH CONSTRUCTION CORP 0.9 %
HONG LEONG BANK BERHAD 0.9 %
PETRONAS GAS BHD 0.9 %
RHB CAPITAL BHD 0.9 %
TAIWAN COOPERATIVE FINANCIAL 0.8 %
Total 12.2 %

TOP COUNTRY EXPOSURE
TAIWAN 30.0 %
MALAYSIA 12.7 %
THAILAND 9.5 %
SAUDI ARABIA 6.9 %
BRAZIL 6.5 %
SOUTH KOREA 4.6 %
KUWAIT 4.3 %
UAE 3.5 %
SOUTH AFRICA 3.2 %
INDONESIA 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.0% 8.6% 4.0% 2.5% 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.50 53%
MSCI EAFE 0.61 73%
MSCI Emg. Mkts. 0.60 75%

Technical Indicators
Recent close $23.35
30d moving avg. $23.30
Annualized volatility 12.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 106
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $7,184

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 275 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™: 8.3%


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 29.2 25 4 7.0 -1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.7 40 -11 7.1 -1.2
XCEM Columbia EM Core ex-China ETF 23.2 16 13 7.4 -1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.2 44 -15 10.3 +2.0
EWT iShares MSCI Taiwan ETF 22.7 58 -29 5.7 -2.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 22.2 24 5 7.1 -1.2
FLTW Franklin FTSE Taiwan ETF 21.1 19 10 6.0 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 21.0 16 13 7.4 -0.9
RNEM First Trust Emerging Markets Equity Select ETF 20.5 75 -46 8.2 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 20.2 25 4 6.7 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.0 30 -1 8.5 +0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 18.7 39 -10 12.5 +4.2
LDEM iShares ESG MSCI EM Leaders ETF 18.6 17 12 7.7 -0.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.9 15 14 7.1 -1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 17.7 30 -1 7.5 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 17.6 49 -20 8.3 +0.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.6 50 -21 10.5 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 17.6 45 -16 8.6 +0.3
EMMF WisdomTree Emerging Markets Multifactor Fund 17.5 48 -19 9.4 +1.1
ESGE iShares ESG Aware MSCI EM ETF 17.4 25 4 7.7 -0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.4 20 9 7.5 -0.8
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 16.9 18 11 7.9 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 16.6 11 18 7.7 -0.6
STXE Strive Emerging Markets Ex-China ETF 16.6 32 -3 6.9 -1.4
SCHE Schwab Emerging Markets Equity ETF 16.6 11 18 7.6 -0.7
EEM iShares MSCI Emerging Markets ETF 16.3 69 -40 7.0 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 16.3 44 -15 11.7 +3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.2 66 -37 7.2 -1.1
EDIV SPDR S&P Emerging Markets Dividend ETF 16.1 49 -20 10.9 +2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.9 36 -7 7.5 -0.9
FDEM Fidelity Emerging Markets Multifactor ETF 15.8 25 4 11.9 +3.6
DEM WisdomTree Emerging Markets High Dividend Fund 15.5 63 -34 12.9 +4.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.5 32 -3 7.6 -0.7
XC WisdomTree Emerging Markets Ex-China Fund 14.5 32 -3 6.2 -2.1
VWO Vanguard FTSE Emerging Markets ETF 14.5 8 21 7.6 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 14.4 9 20 7.5 -0.8
DFAE Dimensional Emerging Core Equity Market ETF 14.3 35 -6 7.7 -0.6
EMGF iShares Emerging Markets Equity Factor ETF 14.0 25 4 8.7 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 13.9 7 22 7.5 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 13.6 49 -20 12.4 +4.1
DFEV Dimensional Emerging Markets Value ETF 13.4 43 -14 10.9 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.2 32 -3 6.3 -2.0
GMF SPDR S&P Emerging Asia Pacific ETF 12.5 49 -20 6.4 -1.9
EWM iShares MSCI Malaysia ETF 12.3 50 -21 5.7 -2.6
DEHP Dimensional Emerging Markets High Profitability ETF 11.9 41 -12 7.3 -1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 11.7 38 -9 8.2 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 11.7 49 -20 6.7 -1.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 11.7 41 -12 7.8 -0.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.5 33 -4 7.2 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.5 59 -30 9.6 +1.3
ASEA Global X FTSE Southeast Asia ETF 11.4 65 -36 6.5 -1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.0 70 -41 6.3 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 10.9 19 10 7.2 -1.1
AVES Avantis Emerging Markets Value ETF 10.5 36 -7 12.1 +3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.3 88 -59 6.2 -2.1
AVEM Avantis Emerging Markets Equity ETF 10.0 33 -4 9.1 +0.8
ECON Columbia Emerging Markets Consumer ETF 9.8 49 -20 4.8 -3.5
NUEM Nuveen ESG Emerging Markets Equity ETF 9.0 36 -7 6.8 -1.5
FLLA Franklin FTSE Latin America ETF 9.0 19 10 11.7 +3.4
DVYE iShares Emerging Markets Dividend ETF 8.6 49 -20 16.6 +8.3
RODE Hartford Multifactor Diversified International ETF 8.6 29 0 11.5 +3.2
FRDM Freedom 100 Emerging Markets ETF 8.2 49 -20 7.3 -1.0
THD iShares MSCI Thailand ETF 8.0 58 -29 5.8 -2.5
ACWV iShares MSCI Global Min Vol Factor ETF 7.9 20 9 6.7 -1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.8 70 -41 11.4 +3.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 7.6 20 9 10.7 +2.4
VIDI Vident International Equity Strategy ETF 7.5 61 -32 11.9 +3.6
EEMD AAM S&P Emerging Markets High Dividend Value ETF 7.1 49 -20 19.0 +10.7
VYMI Vanguard International High Dividend Yield ETF 7.1 22 7 9.7 +1.4
DWX SPDR S&P International Dividend ETF 6.9 45 -16 7.1 -1.2
FEM First Trust Emerging Markets AlphaDEX Fund 6.7 80 -51 16.3 +8.0
GVAL Cambria Global Value ETF 6.7 68 -39 12.3 +4.0
FLSA Franklin FTSE Saudi Arabia ETF 6.6 39 -10 5.7 -2.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 6.4 75 -46 9.6 +1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.4 58 -29 10.1 +1.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.2 90 -61 7.0 -1.4
EWZ iShares MSCI Brazil ETF 6.0 58 -29 11.9 +3.6
KSA iShares MSCI Saudi Arabia ETF 6.0 74 -45 5.6 -2.8
FLBR Franklin FTSE Brazil ETF 5.9 19 10 12.4 +4.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.8 45 -16 12.7 +4.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.8 60 -31 14.7 +6.4
EMC Global X Emerging Markets Great Consumer ETF 5.5 75 -46 4.9 -3.4
IQDE FlexShares International Quality Dividend Defensive Index ET 5.5 47 -18 10.7 +2.4
SCHY Schwab International Dividend Equity ETF 5.4 14 15 9.3 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 5.3 34 -5 6.7 -1.6
VSGX Vanguard ESG International Stock ETF 5.2 12 17 6.8 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.2 41 -12 6.7 -1.6
AIA iShares Asia 50 ETF 5.1 50 -21 6.9 -1.4
FBZ First Trust Brazil AlphaDEX Fund 4.9 80 -51 11.9 +3.6
VEU Vanguard FTSE All-World ex-US Index Fund 4.9 8 21 7.2 -1.1
WWJD Inspire International ETF 4.8 80 -51 7.1 -1.2
IXUS iShares Core MSCI Total International Stock ETF 4.8 7 22 6.9 -1.4
VXUS Vanguard Total International Stock ETF 4.6 7 22 7.1 -1.2
DEW WisdomTree Global High Dividend Fund 4.3 58 -29 9.1 +0.8
EMM Global X Emerging Markets ex-China ETF 4.1 75 -46 3.7 -4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.1 95 -66 11.4 +3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.0 30 -1 7.8 -0.5
IQDF FlexShares International Quality Dividend Index Fund 4.0 47 -18 10.7 +2.4
NXTG First Trust Indxx NextG ETF 4.0 70 -41 6.0 -2.3
FLN First Trust Latin America AlphaDEX Fund 3.7 80 -51 11.1 +2.8
EEMO Invesco S&P Emerging Markets Momentum ETF 3.6 29 0 6.2 -2.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 3.5 80 -51 14.2 +5.9
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -60 4.8 -3.5
EYLD Cambria Emerging Shareholder Yield ETF 3.4 66 -37 12.1 +3.8
CWI SPDR MSCI ACWI ex-US ETF 3.3 30 -1 6.8 -1.5
EZA iShares MSCI South Africa ETF 3.2 58 -29 11.4 +3.1
AFK VanEck Africa Index ETF 3.2 98 -69 10.0 +1.7
BKF iShares MSCI BIC ETF 3.2 69 -40 7.1 -1.2
EWY iShares MSCI South Korea ETF 3.1 58 -29 8.5 +0.2
FLKR Franklin FTSE South Korea ETF 3.1 9 20 9.4 +1.1
EIDO iShares MSCI Indonesia ETF 2.8 59 -30 7.6 -0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.8 56 -27 13.9 +5.6
ILF iShares Latin America 40 ETF 2.7 48 -19 10.3 +2.0
BLES Inspire Global Hope ETF 2.7 61 -32 6.3 -2.0
FLMX Franklin FTSE Mexico ETF 2.7 19 10 10.8 +2.5
UAE iShares MSCI UAE ETF 2.6 59 -30 9.0 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.6 20 9 5.6 -2.7
IDX VanEck Indonesia Index ETF 2.5 57 -28 7.9 -0.4
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 -26 8.0 -0.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 -38 17.5 +9.2
ACWI iShares MSCI ACWI ETF 2.4 32 -3 5.5 -2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.4 47 -18 10.3 +2.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.3 65 -36 8.4 +0.1
OBOR KraneShares MSCI One Belt One Road Index ETF 2.2 79 -50 10.3 +2.0
VT Vanguard Total World Stock ETF 2.2 7 22 5.8 -2.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.1 70 -41 7.2 -1.1
GLOF iShares Global Equity Factor ETF 2.1 20 9 7.1 -1.2
KNCT Invesco Next Gen Connectivity ETF 2.0 40 -11 5.9 -2.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.0 46 -17 8.8 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.0 42 -13 6.8 -1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.9 78 -49 8.8 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -31 9.8 +1.5
WDIV SPDR S&P Global Dividend ETF 1.8 40 -11 10.2 +1.9
TTAI FCF International Quality ETF 1.8 59 -30 7.4 -0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 1.8 37 -8 8.7 +0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.8 80 -51 10.0 +1.7
IWTR iShares MSCI Water Management Multisector ETF 1.8 47 -18 4.8 -3.5
QAT iShares MSCI Qatar ETF 1.7 59 -30 9.3 +1.0
MEM Matthews Emerging Markets Equity Active ETF 1.7 79 -50 5.7 -2.6
EMIF iShares Emerging Markets Infrastructure ETF 1.7 60 -31 4.6 -3.7
EWW iShares MSCI Mexico ETF 1.6 50 -21 9.7 +1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.6 47 -18 5.9 -2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 -5 10.6 +2.3
BRAZ Global X Brazil Active ETF 1.5 75 -46 10.3 +2.0
BJK VanEck Gaming ETF 1.5 65 -36 1.8 -6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.4 12 17 5.1 -3.2
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 -10 9.2 +0.9
UIVM VictoryShares International Value Momentum ETF 1.4 35 -6 10.7 +2.4
IXN iShares Global Tech ETF 1.4 41 -12 4.3 -4.0
IDV iShares International Select Dividend ETF 1.4 51 -22 12.3 +4.0
MCHI iShares MSCI China ETF 1.3 59 -30 8.9 +0.6
FXI iShares China Large-Cap ETF 1.3 74 -45 9.6 +1.3
SDIV Global X Superdividend ETF 1.3 58 -29 17.6 +9.3
WRND IQ Global Equity R&D Leaders ETF 1.3 18 11 7.2 -1.1
GXC SPDR S&P China ETF 1.3 59 -30 9.0 +0.7
FLCH Franklin FTSE China ETF 1.3 19 10 9.6 +1.3
CGV Conductor Global Equity Value ETF 1.3 130 -101 11.3 +3.0
JIG JPMorgan International Growth ETF 1.3 55 -26 4.3 -4.0
MINV Matthews Asia Innovators Active ETF 1.2 79 -50 2.8 -5.5
ECH iShares MSCI Chile ETF 1.2 58 -29 10.7 +2.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.2 60 -31 0.9 -7.4
IXG iShares Global Financials ETF 1.2 42 -13 6.8 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 -10 11.0 +2.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.1 80 -51 10.8 +2.5
CRAK VanEck Oil Refiners ETF 1.1 61 -32 13.1 +4.8
CN Xtrackers MSCI All China Equity ETF 1.0 50 -21 8.7 +0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 19 8.2 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 20 5.7 -2.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 -20 5.8 -2.5
MOO VanEck Agribusiness ETF 1.0 53 -24 9.4 +1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 -36 7.7 -0.6
FCA First Trust China AlphaDEX Fund 0.9 80 -51 17.6 +9.3
ISHP First Trust Nasdaq Retail ETF 0.9 60 -31 3.2 -5.2
KXI iShares Global Consumer Staples ETF 0.9 41 -12 5.6 -2.7
CGXU Capital Group International Focus Equity ETF 0.9 54 -25 4.1 -4.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 -29 4.6 -3.8
LNGG Roundhill Alerian LNG ETF 0.9 65 -36 8.5 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.9 24 5 8.6 +0.3
GREK Global X MSCI Greece ETF 0.8 57 -28 -1.6 -9.9
MOTG VanEck Morningstar Global Wide Moat ETF 0.8 52 -23 5.8 -2.5
MOTI VanEck Morningstar International Moat ETF 0.8 58 -29 6.9 -1.4
VPL Vanguard FTSE Pacific ETF 0.8 8 21 7.0 -1.4
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -41 9.1 +0.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -31 10.0 +1.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.8 32 -3 5.7 -2.6
XT iShares Exponential Technologies ETF 0.8 46 -17 3.9 -4.4
APIE ActivePassive International Equity ETF 0.8 45 -16 7.7 -0.6
GLIF AGF Global Infrastructure ETF 0.8 45 -16 5.5 -2.8
FILL iShares MSCI Global Energy Producers ETF 0.7 39 -10 9.0 +0.7
QINT American Century Quality Diversified International ETF 0.7 39 -10 7.4 -0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.7 20 9 6.8 -1.5
KOIN Capital Link Global Fintech Leaders ETF 0.7 75 -46 4.6 -3.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 4 9.1 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -54 9.0 +0.7
CLNR IQ Cleaner Transport ETF 0.6 45 -16 8.3 -0.0
KALL KraneShares MSCI All China Index ETF 0.6 49 -20 9.4 +1.1
VIGI Vanguard International Dividend Appreciation ETF 0.6 15 14 5.6 -2.8
HAP VanEck Natural Resources ETF 0.6 50 -21 9.5 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.6 5 24 7.0 -1.3
IGRO iShares International Dividend Growth ETF 0.6 15 14 7.1 -1.2
SCHF Schwab International Equity ETF 0.6 6 23 7.0 -1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 -16 8.5 +0.2
RNRG Global X Renewable Energy Producers ETF 0.6 66 -37 4.9 -3.4
IGF iShares Global Infrastructure ETF 0.5 41 -12 5.0 -3.3
GII SPDR S&P Global Infrastructure ETF 0.5 40 -11 5.0 -3.3
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 0.5 68 -39 8.8 +0.5
OSEA Harbor International Compounders ETF 0.5 55 -26 3.7 -4.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 22 6.5 -1.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -51 11.0 +2.7
HART IQ Healthy Hearts ETF 0.5 45 -16 5.3 -3.0
EPOL iShares MSCI Poland ETF 0.5 59 -30 10.5 +2.2
NDIA Global X India Active ETF 0.5 75 -46 6.5 -1.8
CBSE Clough Select Equity ETF 0.5 85 -56 -2.3 -10.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.5 47 -18 0.7 -7.7
IVRS iShares Future Metaverse Tech and Communications ETF 0.5 47 -18 -5.3 -13.6
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 -39 4.2 -4.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.5 45 -16 1.4 -7.0
FMET Fidelity Metaverse ETF 0.5 39 -10 4.4 -3.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 -32 -4.0 -12.3
METV Roundhill Ball Metaverse ETF 0.5 59 -30 3.4 -4.9
GGME Invesco Next Gen Media and Gaming ETF 0.5 60 -31 4.1 -4.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.5 61 -32 -13.0 -21.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -41 3.5 -4.9
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -36 4.3 -4.0
DINT Davis Select International ETF 0.5 55 -26 4.7 -3.6
IOO iShares Global 100 ETF 0.5 41 -12 4.8 -3.5
DWLD Davis Select Worldwide ETF 0.5 63 -34 5.6 -2.7
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -33 3.7 -4.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.5 12 17 8.7 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -20 6.7 -1.6
WOOD iShares Global Timber & Forestry ETF 0.4 42 -13 9.6 +1.3
CUT Invesco MSCI Global Timber ETF 0.4 61 -32 8.6 +0.3
NLR VanEck Uranium+Nuclear Energy ETF 0.4 61 -32 4.5 -3.8
FPXI First Trust International Equity Opportunities ETF 0.4 70 -41 3.6 -4.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -36 1.6 -6.7
FEP First Trust Europe AlphaDEX Fund 0.4 80 -51 8.6 +0.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -51 8.3 +0.0
GBUY Goldman Sachs Future Consumer Equity ETF 0.4 75 -46 3.1 -5.2
CHAT Roundhill Generative AI & Technology ETF 0.4 75 -46 4.2 -4.1
CGUS Capital Group Core Equity ETF 0.4 33 -4 4.7 -3.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.4 45 -16 6.2 -2.1
RFEU First Trust Riverfront Dynamic Europe ETF 0.4 83 -54 8.7 +0.4
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 -46 1.9 -6.5
EPHE iShares MSCI Philippines ETF 0.4 59 -30 8.9 +0.6
ICLN iShares Global Clean Energy ETF 0.4 41 -12 4.3 -4.0
EMFQ Amplify Emerging Markets FinTech ETF 0.4 69 -40 5.4 -2.9
ARKF ARK Fintech Innovation ETF 0.4 75 -46 -2.2 -10.5
MXI iShares Global Materials ETF 0.4 41 -12 6.6 -1.7
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -30 7.2 -1.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.4 75 -46 3.2 -5.1
OCEN IQ Clean Oceans ETF 0.4 45 -16 5.3 -3.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -16 4.9 -3.4
SMOG VanEck Low Carbon Energy ETF 0.4 61 -32 3.0 -5.3
CTEC Global X CleanTech ETF 0.4 50 -21 1.0 -7.3
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -30 2.9 -5.4
IXP iShares Global Comm Services ETF 0.4 42 -13 5.3 -3.0
CRUZ Defiance Hotel Airline and Cruise ETF 0.3 45 -16 -4.9 -13.2
JRNY ALPS Global Travel Beneficiaries ETF 0.3 65 -36 0.0 -8.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -10 6.9 -1.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -26 9.1 +0.8
MVPS Amplify Thematic All-Stars ETF 0.3 49 -20 1.7 -6.7
TPIF Timothy Plan International ETF 0.2 62 -33 6.7 -1.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.2 51 -22 6.8 -1.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 -16 6.9 -1.5
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -31 13.6 +5.3
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -21 6.9 -1.4
PID Invesco International Dividend Achievers ETF 0.2 53 -24 6.7 -1.6
DGT SPDR Global Dow ETF 0.2 50 -21 6.7 -1.7
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 0 5.8 -2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 26 6.9 -1.4
SCHC Schwab International Small-Cap Equity ETF 0.1 11 18 6.4 -1.9
EXI iShares Global Industrials ETF 0.0 42 -13 4.7 -3.6
VGK Vanguard FTSE Europe ETF 0.0 11 18 6.8 -1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -10 7.3 -1.0
SPEU SPDR Portfolio Europe ETF 0.0 7 22 6.6 -1.7

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

  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 10.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.39
 
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.