iShares MSCI EAFE Min Vol Factor ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.9x Div.
yield		 4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI EAFE Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI EAFE Minimum Volatility Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Oct 18, 2011
Assets (mns) $5,156
Currency USD
Expense ratio 22 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 233
Wgt avg mkt cap (mns) $57,908
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 16.7%
Small cap (<$2bn) 0.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NOVARTIS AG 1.6 %
SWISSCOM AG 1.5 %
IBERDROLA SA 1.5 %
ZURICH FINANCIAL SERVICES AG 1.5 %
DBS GROUP HOLDINGS LTD 1.5 %
ORANGE SA 1.4 %
ROYAL AHOLD DELHAIZE N.V. 1.4 %
SHELL PLC 1.4 %
SAMPO OYJ CLASS A 1.3 %
UNILEVER PLC 1.3 %
Total 14.4 %

TOP COUNTRY EXPOSURE
JAPAN 26.5 %
SWITZERLAND 11.2 %
BRITAIN 10.6 %
HONG KONG 6.7 %
FRANCE 6.6 %
SINGAPORE 5.5 %
SPAIN 4.3 %
AUSTRALIA 4.1 %
GERMANY 3.8 %
NETHERLANDS 3.7 %

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.
19.3% 14.3% 7.3% 5.2% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.45 24%
MSCI EAFE 0.57 49%
MSCI Emg. Mkts. 0.51 46%

Technical Indicators
Recent close $85.51
30d moving avg. $85.07
Annualized volatility 12.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 424
Turnover 0.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $12,126

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 470 potential alternatives to the iShares MSCI EAFE Min Vol Factor ETF ETF based on the alternatives' overlap in portfolio holdings with EFAV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAV Expense: 22 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAV
Ticker Fund
Name		 Overlap1
vs EFAV
(%)		 Expense
ratio
(bp)		 Savings
vs EFAV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EFAV
(%)
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 52.9 32 -10 6.0 +0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 52.6 30 -8 6.8 +0.9
DOL WisdomTree International LargeCap Dividend Fund 38.8 48 -26 6.9 +1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 36.8 80 -58 6.0 +0.1
DWM WisdomTree International Equity Fund 34.4 48 -26 7.1 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 34.3 40 -18 7.1 +1.2
JHMD John Hancock Multifactor Developed International ETF 33.8 39 -17 7.2 +1.3
DWMF WisdomTree International Multifactor Fund 33.2 38 -16 7.0 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.2 36 -14 6.3 +0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 32.6 29 -7 7.6 +1.7
EFA iShares MSCI EAFE ETF 32.4 35 -13 6.4 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 32.4 20 2 6.6 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 32.3 9 13 7.6 +1.7
GSID Goldman Sachs MarketBeta International Equity ETF 32.1 20 2 6.5 +0.6
CIL VictoryShares International Volatility Wtd ETF 32.0 45 -23 6.4 +0.5
ESGD iShares ESG Aware MSCI EAFE ETF 31.7 20 2 6.5 +0.6
IDLV Invesco S&P International Developed Low Volatility ETF 31.6 25 -3 6.6 +0.7
IQLT iShares MSCI Intl Quality Factor ETF 31.1 30 -8 6.2 +0.3
EFV iShares MSCI EAFE Value ETF 29.9 34 -12 8.6 +2.7
BKIE BNY Mellon International Equity ETF 29.7 4 18 6.7 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 29.6 20 2 6.2 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.4 46 -24 6.5 +0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 29.2 9 13 8.8 +2.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 29.1 35 -13 6.3 +0.4
FDEV Fidelity International Multifactor ETF 29.0 18 4 7.5 +1.6
BBEU JPMorgan BetaBuilders Europe ETF 28.9 9 13 7.0 +1.1
IEV iShares Europe ETF 28.7 67 -45 6.6 +0.7
IEFA iShares Core MSCI EAFE ETF 28.5 7 15 6.8 +0.8
JIRE JPMorgan International Research Enhanced Equity ETF 28.2 24 -2 6.9 +1.0
IQSI IQ Candriam International Equity ETF 28.1 15 7 6.3 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 28.1 34 -12 5.7 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 27.8 39 -17 6.4 +0.5
STXI Strive International Developed Markets ETF 27.8 29 -7 6.4 +0.5
FLEE Franklin FTSE Europe ETF 27.7 9 13 7.0 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.5 25 -3 6.9 +1.0
IEUR iShares Core MSCI Europe ETF 27.4 11 11 7.1 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.9 25 -3 7.1 +1.2
TPIF Timothy Plan International ETF 26.7 62 -40 6.1 +0.2
JPIN J.P. Morgan Diversified Return International Equity ETF 26.5 37 -15 7.9 +1.9
VGK Vanguard FTSE Europe ETF 26.3 6 16 7.3 +1.4
FENI Fidelity Enhanced International ETF 26.3 28 -6 6.2 +0.3
SPEU SPDR Portfolio Europe ETF 25.9 7 15 7.2 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 25.9 4 18 6.8 +0.8
DTH WisdomTree International High Dividend Fund 25.8 58 -36 8.0 +2.1
VYMI Vanguard International High Dividend Yield ETF 25.6 17 5 9.1 +3.2
DMXF iShares ESG Advanced MSCI EAFE ETF 25.3 12 10 5.3 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.8 45 -23 8.4 +2.5
EFG iShares MSCI EAFE Growth ETF 24.6 36 -14 4.3 -1.7
DFAI Dimensional International Core Equity Market ETF 24.6 18 4 6.8 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.4 14 8 6.0 +0.0
SPDW SPDR Portfolio Developed World ex-US ETF 24.3 3 19 6.7 +0.8
VEA Vanguard FTSE Developed Markets ETF 24.2 3 19 6.9 +1.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 24.0 20 2 6.1 +0.2
SCHF Schwab International Equity ETF 24.0 6 16 6.9 +1.0
IVLU iShares MSCI Intl Value Factor ETF 23.8 30 -8 9.7 +3.8
VWID Virtus WMC International Dividend ETF 23.6 49 -27 8.0 +2.1
FNDF Schwab Fundamental International Large Co. Index ETF 23.2 25 -3 9.0 +3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 23.2 24 -2 7.2 +1.3
IMTM iShares MSCI Intl Momentum Factor ETF 23.0 30 -8 5.4 -0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 22.7 12 10 5.9 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.7 41 -19 7.1 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 22.3 18 4 7.3 +1.4
LVHI Franklin International Low Volatility High Dividend Index ET 21.8 40 -18 9.6 +3.7
CWI SPDR MSCI ACWI ex-US ETF 21.8 30 -8 7.4 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 21.6 34 -12 7.3 +1.4
INTF iShares International Equity Factor ETF 21.5 15 7 7.4 +1.4
DWX SPDR S&P International Dividend ETF 20.9 45 -23 7.2 +1.3
DIHP Dimensional International High Profitability ETF 20.8 29 -7 6.7 +0.8
GCOW Pacer Global Cash Cows Dividend ETF 20.8 60 -38 10.3 +4.4
RODE Hartford Multifactor Diversified International ETF 20.2 29 -7 10.3 +4.4
EZU iShares MSCI Eurozone ETF 20.1 52 -30 6.4 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.1 39 -17 7.7 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 19.7 4 18 7.7 +1.8
IDHQ Invesco S&P International Developed High Quality ETF 19.5 29 -7 6.4 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.2 45 -23 6.7 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 19.0 83 -61 9.0 +3.1
IXUS iShares Core MSCI Total International Stock ETF 19.0 7 15 7.5 +1.6
IPAC iShares Core MSCI Pacific ETF 18.8 9 13 6.1 +0.2
VXUS Vanguard Total International Stock ETF 18.5 5 17 7.6 +1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 18.5 50 -28 5.9 +0.0
BBJP JPMorgan BetaBuilders Japan ETF 18.2 19 3 6.1 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.0 47 -25 5.7 -0.3
EWJ iShares MSCI Japan ETF 17.6 50 -28 5.6 -0.3
AVDE Avantis International Equity ETF 17.6 23 -1 7.1 +1.2
DFIC Dimensional International Core Equity 2 ETF 17.5 23 -1 7.1 +1.2
AIVI WisdomTree International AI Enhanced Value Fund 17.4 58 -36 6.9 +1.0
VSGX Vanguard ESG International Stock ETF 17.4 10 12 7.5 +1.6
IGRO iShares International Dividend Growth ETF 17.3 15 7 7.1 +1.1
QINT American Century Quality Diversified International ETF 17.1 39 -17 6.9 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 17.0 25 -3 6.0 +0.1
DFSI Dimensional International Sustainability Core 1 ETF 17.0 24 -2 6.2 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 16.8 20 2 5.9 +0.0
FIVA Fidelity International Value Factor ETF 16.7 18 4 9.3 +3.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 16.6 25 -3 6.2 +0.3
VPL Vanguard FTSE Pacific ETF 16.6 7 15 6.4 +0.5
FLJP Franklin FTSE Japan ETF 16.5 9 13 5.8 -0.1
UMMA Wahed Dow Jones Islamic World ETF 16.5 65 -43 4.8 -1.1
RFEU First Trust Riverfront Dynamic Europe ETF 16.5 83 -61 10.0 +4.1
AVSD Avantis Responsible International Equity ETF 16.5 23 -1 5.1 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 16.4 31 -9 5.9 +0.0
FLJH Franklin FTSE Japan Hedged ETF 16.4 9 13 5.8 -0.2
DIM WisdomTree International MidCap Dividend Fund 16.3 58 -36 7.2 +1.3
QWLD SPDR MSCI World StrategicFactors ETF 16.3 30 -8 5.9 -0.1
INEQ Columbia International Equity Income ETF 16.2 45 -23 7.6 +1.7
JPXN iShares JPX-Nikkei 400 ETF 15.8 48 -26 6.3 +0.4
WWJD Inspire International ETF 15.6 80 -58 7.1 +1.2
FICS First Trust International Developed Capital Strength ETF 15.5 70 -48 7.4 +1.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 15.5 65 -43 4.7 -1.2
AVIV Avantis International Large Cap Value ETF 15.5 25 -3 8.3 +2.4
DFIV Dimensional International Value ETF 15.5 27 -5 8.9 +3.0
IDMO Invesco S&P International Developed Momentum ETF 15.4 25 -3 5.9 -0.1
EWJV iShares MSCI Japan Value ETF 15.3 15 7 8.1 +2.2
JHID John Hancock International High Dividend ETF 15.1 46 -24 8.6 +2.7
SCHY Schwab International Dividend Equity ETF 14.9 14 8 9.4 +3.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 14.8 58 -36 6.6 +0.7
CGIE Capital Group International Equity ETF 14.6 54 -32 4.9 -1.0
UIVM VictoryShares International Value Momentum ETF 14.5 35 -13 8.3 +2.4
CGDG Capital Group Dividend Growers ETF 14.3 47 -25 6.1 +0.2
IQDF FlexShares International Quality Dividend Index Fund 14.3 47 -25 8.4 +2.5
VIGI Vanguard International Dividend Appreciation ETF 14.2 10 12 6.4 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 14.2 47 -25 5.3 -0.7
DXIV Dimensional International Vector Equity ETF 14.2 34 -12 7.6 +1.7
ESGG FlexShares STOXX Global ESG Select Index Fund 14.1 42 -20 5.3 -0.6
FIDI Fidelity International High Dividend ETF 14.0 18 4 8.1 +2.2
FEZ SPDR EURO STOXX 50 ETF 14.0 29 -7 6.4 +0.5
TTAI FCF International Quality ETF 13.3 59 -37 7.3 +1.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 13.2 19 3 5.5 -0.4
PPIE Putnam PanAgora ESG International Equity ETF 12.4 49 -27 7.1 +1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 12.0 30 -8 7.5 +1.6
RCGE RockCreek Global Equality ETF 11.8 95 -73 6.8 +0.8
JIVE JPMorgan International Value ETF 11.6 55 -33 10.9 +5.0
DEW WisdomTree Global High Dividend Fund 11.4 58 -36 8.3 +2.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 11.3 47 -25 5.7 -0.2
EUDV ProShares MSCI Europe Dividend Growers ETF 11.3 55 -33 6.2 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 11.1 57 -35 8.6 +2.7
DTAN Sparkline International Intangible Value ETF 11.1 55 -33 8.1 +2.2
PATN Pacer Nasdaq International Patent Leaders ETF 11.1 65 -43 5.4 -0.6
IDV iShares International Select Dividend ETF 11.0 51 -29 10.0 +4.1
KXI iShares Global Consumer Staples ETF 11.0 41 -19 5.8 -0.1
IDOG ALPS International Sector Dividend Dogs ETF 10.5 50 -28 11.4 +5.5
DGT State Street SPDR Global Dow ETF 10.5 50 -28 6.6 +0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.5 47 -25 7.8 +1.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.5 65 -43 10.2 +4.3
FLGB Franklin FTSE United Kingdom ETF 10.4 9 13 7.3 +1.4
EWL iShares MSCI Switzerland ETF 10.4 50 -28 6.2 +0.3
EWU iShares MSCI United Kingdom ETF 10.4 50 -28 7.9 +2.0
BLES Inspire Global Hope ETF 10.3 61 -39 7.0 +1.0
CZAR Themes Natural Monopoly ETF 10.1 35 -13 5.7 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 10.0 42 -20 6.6 +0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.0 58 -36 6.5 +0.6
KLMT Invesco MSCI Global Climate 500 ETF 9.7 10 12 5.7 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 9.7 58 -36 6.5 +0.6
IXJ iShares Global Healthcare ETF 9.6 42 -20 6.7 +0.8
URTH iShares MSCI World ETF 9.6 24 -2 5.0 -0.9
FLSW Franklin FTSE Switzerland ETF 9.4 9 13 6.3 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 9.3 59 -37 11.3 +5.4
KOKU Xtrackers MSCI Kokusai Equity ETF 9.3 9 13 5.2 -0.8
DXJ WisdomTree Japan Hedged Equity Fund 9.0 48 -26 6.7 +0.8
VIDI Vident International Equity Strategy ETF 8.9 61 -39 10.4 +4.5
JIG JPMorgan International Growth ETF 8.8 55 -33 4.7 -1.2
FEP First Trust Europe AlphaDEX Fund 8.7 80 -58 8.1 +2.2
ACWI iShares MSCI ACWI ETF 8.6 32 -10 5.4 -0.5
FEUZ First Trust Eurozone AlphaDEX ETF 8.5 80 -58 7.7 +1.8
TOK iShares MSCI Kokusai ETF 8.5 26 -4 5.0 -0.9
DSTX Distillate International Fundamental Stability & Value ETF 8.5 55 -33 7.7 +1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.3 56 -34 10.4 +4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 8.1 12 10 5.1 -0.8
WRND IQ Global Equity R&D Leaders ETF 8.0 18 4 7.7 +1.7
FID First Trust S&P International Dividend Aristocrats ETF 8.0 60 -38 7.6 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.8 9 13 5.6 -0.3
BINV Brandes International ETF 7.5 70 -48 9.1 +3.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.5 80 -58 4.2 -1.7
VT Vanguard Total World Stock ETF 7.5 6 16 5.8 -0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.4 65 -43 8.1 +2.2
FEOE First Eagle Overseas Equity ETF 7.4 79 -57 7.1 +1.2
EUFN iShares MSCI Europe Financials ETF 7.3 51 -29 7.9 +2.0
WDIV SPDR S&P Global Dividend ETF 7.2 40 -18 8.9 +3.0
WLDR Affinity World Leaders Equity ETF 7.2 67 -45 7.4 +1.5
DVYA iShares Asia/Pacific Dividend ETF 7.2 49 -27 7.3 +1.4
FSZ First Trust Switzerland AlphaDEX Fund 7.1 80 -58 6.4 +0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 7.1 20 2 5.6 -0.3
GLOF iShares Global Equity Factor ETF 7.1 20 2 6.8 +0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 7.1 80 -58 8.6 +2.7
EWH iShares MSCI Hong Kong ETF 6.7 50 -28 5.0 -0.9
IOO iShares Global 100 ETF 6.6 41 -19 4.6 -1.3
EWQ iShares MSCI France ETF 6.6 53 -31 6.8 +0.9
MOTG VanEck Morningstar Global Wide Moat ETF 6.5 52 -30 8.9 +3.0
IXG iShares Global Financials ETF 6.4 42 -20 6.7 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 6.3 49 -27 5.0 -0.9
XT iShares Exponential Technologies ETF 6.2 46 -24 4.7 -1.2
FLHK Franklin FTSE Hong Kong ETF 6.1 9 13 4.3 -1.6
NXTG First Trust Indxx NextG ETF 6.0 70 -48 5.0 -0.9
GEW Cambria Global EW ETF 5.9 29 -7 0.0 -5.9
FJP First Trust Japan AlphaDEX Fund 5.9 80 -58 8.4 +2.5
EXI iShares Global Industrials ETF 5.8 42 -20 4.4 -1.5
IXP iShares Global Comm Services ETF 5.7 42 -20 6.0 +0.1
BKCI BNY Mellon Concentrated International ETF 5.7 80 -58 5.2 -0.8
FEGE First Eagle Global Equity ETF 5.6 79 -57 6.6 +0.7
JSTC Adasina Social Justice All Cap Global ETF 5.6 89 -67 5.2 -0.7
IXC iShares Global Energy ETF 5.6 44 -22 9.8 +3.9
EWS iShares MSCI Singapore ETF 5.5 50 -28 4.8 -1.2
IPKW Invesco International BuyBack Achievers ETF 5.5 55 -33 9.0 +3.1
JGLO JPMorgan Global Select Equity ETF 5.4 33 -11 5.0 -0.9
KNO AXS Knowledge Leaders ETF 5.3 78 -56 5.8 -0.1
GVAL Cambria Global Value ETF 5.1 68 -46 10.5 +4.6
JXI iShares Global Utilities ETF 5.0 43 -21 5.5 -0.5
IVAL Alpha Architect International Quantitative Value ETF 4.8 49 -27 10.5 +4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.7 42 -20 6.4 +0.4
AGQI First Trust Active Global Quality Income ETF 4.7 85 -63 4.6 -1.3
ITOL Tema International Durable Quality ETF 4.7 60 -38 0.0 -5.9
JDOC JPMorgan Healthcare Leaders ETF 4.7 65 -43 3.9 -2.0
IQRA IQ CBRE Real Assets ETF 4.6 65 -43 5.7 -0.2
KOCG FIS Knights of Columbus Global Belief ETF 4.6 75 -53 4.8 -1.1
IDNA iShares Genomics Immunology and Healthcare ETF 4.6 47 -25 -2.2 -8.1
GNR SPDR S&P Global Natural Resources ETF 4.6 40 -18 10.4 +4.5
OSEA Harbor International Compounders ETF 4.5 55 -33 4.9 -1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.5 46 -24 9.6 +3.7
ASEA Global X FTSE Southeast Asia ETF 4.3 65 -43 6.3 +0.4
KNCT Invesco Next Gen Connectivity ETF 4.3 40 -18 4.6 -1.3
EWP iShares MSCI Spain ETF 4.3 50 -28 6.7 +0.8
RXI iShares Global Consumer Discretionary ETF 4.3 41 -19 8.4 +2.5
CLNR IQ Cleaner Transport ETF 4.3 45 -23 5.0 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 4.3 19 3 8.3 +2.4
DIVS SmartETFs Dividend Builder ETF 4.2 65 -43 5.1 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.2 70 -48 8.3 +2.4
FKU First Trust United Kingdom AlphaDEX Fund 4.1 80 -58 7.8 +1.9
MOTI VanEck Morningstar International Moat ETF 4.1 58 -36 10.8 +4.9
EWA iShares MSCI Australia ETF 4.1 50 -28 6.0 +0.1
FLAU Franklin FTSE Australia ETF 4.0 9 13 6.3 +0.4
GLBL Pacer MSCI World Industry Advantage ETF 3.9 65 -43 4.3 -1.7
CCNR ALPS CoreCommodity Natural Resources ETF 3.9 39 -17 9.3 +3.4
FDD First Trust Stoxx European Select Dividend Index Fund 3.9 58 -36 11.2 +5.3
DAX Global X DAX Germany ETF 3.8 21 1 6.8 +0.8
EWG iShares MSCI Germany ETF 3.8 50 -28 6.3 +0.4
AIA iShares Asia 50 ETF 3.8 50 -28 12.5 +6.6
HART IQ Healthy Hearts ETF 3.7 45 -23 6.4 +0.5
CGXU Capital Group International Focus Equity ETF 3.7 54 -32 5.5 -0.4
RGEF Rockefeller Global Equity ETF 3.6 55 -33 4.6 -1.3
QTUM Defiance Quantum ETF 3.5 40 -18 5.5 -0.5
IMOM Alpha Architect International Quantitative Momentum ETF 3.4 49 -27 4.5 -1.4
GII SPDR S&P Global Infrastructure ETF 3.4 40 -18 4.6 -1.3
IGF iShares Global Infrastructure ETF 3.4 41 -19 4.6 -1.3
FNDC Schwab Fundamental International Small Co. Index ETF 3.4 39 -17 5.8 -0.1
FLGR Franklin FTSE Germany ETF 3.3 9 13 7.1 +1.2
ICPY Tweedy, Browne International Insider Value ETF 3.2 80 -58 0.0 -5.9
EIS iShares MSCI Israel ETF 3.2 58 -36 7.5 +1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.2 58 -36 4.4 -1.5
EWN iShares MSCI Netherlands ETF 3.2 50 -28 5.3 -0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.2 46 -24 5.6 -0.3
EWI iShares MSCI Italy ETF 3.1 50 -28 10.6 +4.7
CRTC Xtrackers US National Critical Technologies ETF 3.1 35 -13 4.8 -1.1
SAGP Strategas Global Policy Opportunities ETF 3.0 65 -43 5.6 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -27 5.9 +0.0
RAYJ Rayliant SMDAM Japan Equity ETF 2.9 72 -50 3.4 -2.5
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.9 60 -38 3.9 -2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.9 12 10 8.3 +2.4
EFNL iShares MSCI Finland ETF 2.8 56 -34 6.4 +0.5
ISRA VanEck Israel ETF 2.8 59 -37 6.8 +0.9
GINN Goldman Sachs Innovate Equity ETF 2.8 52 -30 3.8 -2.2
OCEN IQ Clean Oceans ETF 2.8 45 -23 5.1 -0.8
CGGO Capital Group Global Growth Equity ETF 2.7 47 -25 4.2 -1.7
WDNA WisdomTree BioRevolution Fund 2.7 45 -23 -2.3 -8.2
HRTS Tema Heart & Health ETF 2.7 75 -53 2.1 -3.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -56 8.9 +3.0
POW VistaShares Electrification Supercycle ETF 2.7 75 -53 3.6 -2.4
CANC Tema Oncology ETF 2.6 75 -53 -2.5 -8.4
COPY Tweedy, Browne Insider + Value ETF 2.6 80 -58 12.1 +6.2
RAYD Rayliant Quantitative Developed Market Equity ETF 2.6 80 -58 4.5 -1.5
VCLN Virtus Duff & Phelps Clean Energy ETF 2.5 59 -37 4.1 -1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.4 49 -27 7.0 +1.0
ICLN iShares Global Clean Energy ETF 2.3 41 -19 3.2 -2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.3 10 12 6.8 +0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 2.2 79 -57 7.9 +2.0
EWK iShares MSCI Belgium ETF 2.2 50 -28 4.0 -1.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.1 75 -53 6.8 +0.9
FAN First Trust Global Wind Energy ETF 2.1 60 -38 4.1 -1.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.0 45 -23 1.4 -4.6
DINT Davis Select International ETF 1.9 55 -33 7.8 +1.9
DFIS Dimensional International Small Cap ETF 1.9 39 -17 7.1 +1.2
TEMP JPMorgan Climate Change Solutions ETF 1.9 49 -27 5.6 -0.3
AGNG Global X Aging Population ETF 1.9 50 -28 4.6 -1.3
BCDF Horizon Kinetics Blockchain Development ETF 1.8 85 -63 3.8 -2.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.8 85 -63 3.7 -2.2
SMOG VanEck Low Carbon Energy ETF 1.8 61 -39 1.6 -4.4
IFGL iShares International Developed Real Estate ETF 1.8 48 -26 7.0 +1.1
FDFF Fidelity Disruptive Finance ETF 1.7 50 -28 4.7 -1.2
FGM First Trust Germany AlphaDEX Fund 1.7 80 -58 6.8 +0.9
SHLD Global X Defense Tech ETF 1.7 50 -28 3.2 -2.8
GDFN Tema International Defense Innov ETF 1.7 75 -53 3.1 -2.8
ERET iShares Environmentally Aware Real Estate ETF 1.6 30 -8 7.3 +1.4
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 -53 4.2 -1.7
HAP VanEck Natural Resources ETF 1.6 50 -28 8.9 +3.0
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.6 56 -34 2.8 -3.1
DFNL Davis Select Financial ETF 1.6 63 -41 7.7 +1.8
RWX SPDR Dow Jones International Real Estate ETF 1.6 59 -37 6.9 +1.0
OAIM OneAscent International Equity ETF 1.6 95 -73 5.5 -0.4
IXN iShares Global Tech ETF 1.5 41 -19 3.5 -2.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 -39 2.3 -3.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.5 79 -57 5.1 -0.9
BITQ Bitwise Crypto Industry Innovators ETF 1.5 85 -63 -2.2 -8.1
SHPP Pacer Industrials and Logistics ETF 1.5 60 -38 8.3 +2.4
MXI iShares Global Materials ETF 1.4 41 -19 7.3 +1.4
OZEM Roundhill GLP-1 & Weight Loss ETF 1.3 59 -37 3.3 -2.6
THNR Amplify Weight Loss Drug & Treatment ETF 1.3 59 -37 7.0 +1.1
GDOC Goldman Sachs Future Health Care Equity ETF 1.3 75 -53 2.6 -3.3
RWO SPDR Dow Jones Global Real Estate ETF 1.3 50 -28 7.1 +1.2
NATO Themes Transatlantic Defense ETF 1.3 35 -13 2.4 -3.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.3 70 -48 4.0 -1.9
VOLT Tema Electrification ETF 1.3 75 -53 3.6 -2.3
DISV Dimensional International Small Cap Value ETF 1.3 42 -20 9.0 +3.0
ANEW ProShares MSCI Transformational Changes ETF 1.2 45 -23 5.3 -0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -73 10.9 +5.0
BLOK Amplify Transformational Data Sharing ETF 1.2 75 -53 0.5 -5.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.2 80 -58 9.3 +3.4
ENOR iShares MSCI Norway ETF 1.1 53 -31 10.7 +4.8
NORW Global X MSCI Norway ETF 1.1 50 -28 10.8 +4.9
PAWZ ProShares Pet Care ETF 1.1 50 -28 3.8 -2.1
CLOD Themes Cloud Computing ETF 1.0 35 -13 3.6 -2.3
ISCF iShares International SmallCap Equity Factor ETF 1.0 23 -1 8.2 +2.3
FFLC Fidelity Fundamental Large Cap Core ETF 1.0 38 -16 4.6 -1.3
EDEN iShares MSCI Denmark ETF 0.9 53 -31 6.4 +0.5
TRFK Pacer Data and Digital Revolution ETF 0.9 60 -38 3.0 -3.0
DTEC ALPS Disruptive Technologies ETF 0.9 50 -28 3.8 -2.1
AIQ Global X Artificial Intelligence & Technology ETF 0.9 68 -46 3.7 -2.2
ITEQ BlueStar Israel Technology ETF 0.9 75 -53 1.7 -4.2
IZRL ARK Israel Innovative Technology ETF 0.9 49 -27 1.5 -4.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.9 15 7 4.9 -1.0
SUPL ProShares Supply Chain Logistics ETF 0.9 58 -36 10.5 +4.6
BMED Future Health ETF 0.8 85 -63 0.3 -5.6
JETS U.S. Global Jets ETF 0.8 60 -38 3.5 -2.4
AIRL Themes Airlines ETF 0.8 35 -13 3.2 -2.7
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -23 8.0 +2.1
PCGG Polen Capital Global Growth ETF 0.8 85 -63 4.2 -1.7
GNOM Global X Genomics & Biotechnology ETF 0.8 50 -28 -2.8 -8.7
CIBR First Trust NASDAQ Cybersecurity ETF 0.8 60 -38 4.2 -1.7
RSHO Tema American Reshoring ETF 0.7 75 -53 4.7 -1.2
IBAT iShares Energy Storage & Materials ETF 0.7 47 -25 2.7 -3.2
TOKE Cambria Cannabis ETF 0.7 42 -20 2.3 -3.6
CRAK VanEck Oil Refiners ETF 0.7 61 -39 11.3 +5.3
MDEV First Trust Indxx Medical Devices ETF 0.7 70 -48 4.9 -1.0
TMFG Motley Fool Global Opportunities ETF 0.7 85 -63 4.2 -1.8
EIRL iShares MSCI Ireland ETF 0.7 50 -28 8.1 +2.2
AKAF The Frontier Economic Fund 0.6 20 2 6.6 +0.6
CGUS Capital Group Core Equity ETF 0.6 33 -11 4.5 -1.5
CGDV Capital Group Dividend Value ETF 0.6 33 -11 4.6 -1.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.6 58 -36 8.5 +2.6
VGSR Vert Global Sustainable Real Estate ETF 0.6 47 -25 7.8 +1.9
AVRE Avantis Real Estate ETF 0.6 17 5 7.4 +1.5
ARKX ARK Space Exploration & Innovation ETF 0.6 75 -53 0.3 -5.7
JEDI Defiance Drone and Modern Warfare ETF 0.6 69 -47 0.0 -5.9
FINE Themes European Luxury ETF 0.6 35 -13 3.9 -2.1
HELX Franklin Genomic Advancements ETF 0.6 50 -28 -0.4 -6.3
FRNW Fidelity Clean Energy ETF 0.5 39 -17 2.2 -3.7
ENZL iShares MSCI New Zealand ETF 0.5 50 -28 3.6 -2.3
FPAG FPA Global Equity ETF 0.5 49 -27 5.9 -0.0
AADR AdvisorShares Dorsey Wright ADR ETF 0.5 110 -88 4.8 -1.1
BUG Global X Cybersecurity ETF 0.5 51 -29 2.6 -3.3
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -50 7.6 +1.7
FITE State Street SPDR S&P Kensho Future Security ETF 0.5 45 -23 1.6 -4.3
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.5 60 -38 3.1 -2.8
IHAK iShares Cybersecurity & Tech ETF 0.5 47 -25 4.5 -1.4
JOET Virtus Terranova US Quality Momentum ETF 0.5 29 -7 5.0 -0.9
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.5 12 10 6.1 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 0 5.8 -0.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 2 4.6 -1.3
TMAT Main Thematic Innovation ETF 0.5 164 -142 -1.5 -7.4
WCBR WisdomTree Cybersecurity Fund 0.5 45 -23 1.9 -4.0
XITK State Street SPDR FactSet Innovative Technology ETF 0.5 45 -23 -0.0 -5.9
PRAY FIS Christian Stock Fund 0.5 69 -47 5.2 -0.7
SPAM Themes Cybersecurity ETF 0.5 35 -13 2.5 -3.4
RJMG FT Raymond James Multicap Growth Equity ETF 0.5 85 -63 3.1 -2.8
THRO iShares U.S. Thematic Rotation Active ETF 0.5 90 -68 4.3 -1.6
BEEX BeeHive ETF 0.5 84 -62 4.4 -1.5
LST Leuthold Select Industries ETF 0.5 91 -69 5.4 -0.5
ABLG Abacus FCF International Leaders ETF 0.5 59 -37 6.6 +0.7
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 7 7.0 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 -28 10.2 +4.3
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 -3 5.3 -0.6
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 -26 2.3 -3.6
FDTX Fidelity Disruptive Technology ETF 0.5 50 -28 2.6 -3.3
FMED Fidelity Disruptive Medicine ETF 0.5 50 -28 -0.7 -6.6
REET iShares Global REIT ETF 0.4 14 8 7.7 +1.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 -11 9.3 +3.4
DFGR Dimensional Global Real Estate ETF 0.4 22 0 7.9 +2.0
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 -57 7.3 +1.4
FDVV Fidelity High Dividend ETF 0.4 15 7 7.7 +1.8
IBUY Amplify Online Retail ETF 0.4 65 -43 2.8 -3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 7 7.4 +1.4
ARKQ ARK Autonomous Technology & Robotics ETF 0.4 75 -53 1.2 -4.7
PPA Invesco Aerospace & Defense ETF 0.4 58 -36 2.4 -3.5
UFO Procure Space ETF 0.3 75 -53 0.3 -5.7
JAPN Horizon Kinetics Japan Owner Operator ETF 0.3 85 -63 5.4 -0.6
PBD Invesco Global Clean Energy ETF 0.3 75 -53 0.9 -5.0
JADE JPMorgan Active Developing Markets Equity ETF 0.3 65 -43 7.6 +1.7
NUKZ Range Nuclear Renaissance Index ETF 0.3 85 -63 1.4 -4.5
URAN Themes Uranium & Nuclear ETF 0.3 35 -13 1.4 -4.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.3 40 -18 4.0 -2.0
CLOU Global X Cloud Computing ETF 0.3 68 -46 2.4 -3.5
DWLD Davis Select Worldwide ETF 0.3 63 -41 7.4 +1.5
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 -3 10.6 +4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 1 3.8 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 -17 15.3 +9.4
ION ProShares S&P Global Core Battery Metals ETF 0.3 58 -36 7.2 +1.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 -46 2.3 -3.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -46 4.5 -1.4
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -17 9.2 +3.2
FPXI First Trust International Equity Opportunities ETF 0.2 70 -48 4.3 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 -27 14.7 +8.8
APIE ActivePassive International Equity ETF 0.2 45 -23 7.2 +1.3
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -40 3.4 -2.5
EWO iShares MSCI Austria ETF 0.2 50 -28 10.0 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 -14 9.0 +3.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 7 9.5 +3.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -33 6.9 +1.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -48 7.8 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 11 9.2 +3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -37 8.5 +2.6
CGV Conductor Global Equity Value ETF 0.2 130 -108 8.0 +2.0
FBCV Fidelity Blue Chip Value ETF 0.2 59 -37 7.5 +1.6
FVD First Trust Value Line Dividend Index Fund 0.2 65 -43 6.3 +0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.2 58 -36 4.6 -1.3
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 2 4.2 -1.7
QQQ Invesco QQQ Trust Series I 0.2 20 2 4.2 -1.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.2 35 -13 4.2 -1.7
QQQM Invesco NASDAQ 100 ETF 0.2 15 7 4.2 -1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.2 60 -38 5.1 -0.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.2 20 2 4.9 -1.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 -27 3.9 -2.1
QQLV Invesco QQQ Low Volatility ETF 0.2 25 -3 4.7 -1.2
URA Global X Uranium ETF 0.2 69 -47 1.4 -4.5
BJK VanEck Gaming ETF 0.2 65 -43 4.7 -1.2
BUYZ Franklin Disruptive Commerce ETF 0.2 50 -28 2.7 -3.3
RNRG Global X Renewable Energy Producers ETF 0.1 66 -44 5.1 -0.8
FDHT Fidelity Digital Health ETF 0.1 39 -17 1.5 -4.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 2 3.0 -2.9
RVRB Reverb ETF 0.1 30 -8 4.6 -1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -18 6.6 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 -38 10.1 +4.2
ISHP First Trust Nasdaq Retail ETF 0.1 60 -38 5.8 -0.2
BOAT SonicShares Global Shipping ETF 0.1 69 -47 25.6 +19.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 -7 7.4 +1.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 -3 12.0 +6.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 -27 9.3 +3.4
GXC SPDR S & P China ETF 0.1 59 -37 15.4 +9.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 -10 5.1 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 15 10.3 +4.4
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -48 8.5 +2.6
EV Mast Global Battery Recycling & Production ETF 0.1 65 -43 6.7 +0.8
SYNB Putnam BioRevolution ETF 0.1 70 -48 2.5 -3.4
CGGR Capital Group Growth ETF 0.1 39 -17 3.5 -2.4
MOO VanEck Agribusiness ETF 0.1 53 -31 11.0 +5.1
ESPO VanEck Video Gaming and eSports ETF 0.1 56 -34 5.3 -0.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.1 75 -53 3.4 -2.5
NERD Roundhill Video Games ETF 0.1 50 -28 6.6 +0.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.1 60 -38 2.9 -3.1
LRGE ClearBridge Large Cap Growth ESG ETF 0.1 59 -37 4.2 -1.7
RUNN Running Oak Efficient Growth ETF 0.1 58 -36 5.3 -0.6
BKWO BNY Mellon Women's Opportunities ETF 0.1 50 -28 3.7 -2.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 -13 5.3 -0.7
BWEB Bitwise Web3 ETF 0.1 85 -63 0.0 -5.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 13 4.8 -1.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -27 9.3 +3.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -17 6.9 +1.0
EBI Longview Advantage ETF 0.0 35 -13 6.8 +0.9
AVDV Avantis International Small Cap Value ETF 0.0 36 -14 9.0 +3.1
GWX SPDR S&P International Small Cap ETF 0.0 40 -18 6.8 +0.9
SCHC Schwab International Small-Cap Equity ETF 0.0 11 11 7.6 +1.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -18 6.9 +1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 14 7.3 +1.4
AVDS Avantis International Small Cap Equity ETF 0.0 30 -8 7.0 +1.1

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:		 iShares MSCI EAFE Min Vol Factor ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.0 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 22 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 CATEGORY
AVERAGE		 1.64
 
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.