ETF Research Center

iShares MSCI Emerging Markets Value Factor ETF

ALTAR
Score™

19.7%

Recommen-
dation

SPECULATIVE

2025E 2026E
P/E ratio	5.8x	P/Sales ratio	0.6x
P/BV ratio	0.6x	Div. yield	4.4%

Description
Performance
Comps
Fundamentals
Valuation
Rating

The iShares MSCI Emerging Markets Value Factor ETF seeks to provide investment results that correspond generally to the performance of an index composed of emerging market stocks with value characteristics.

FUND BASICS
Category	Emerging Market Equities
Fund Sponsor	iShares
Website	www.blackrock.com/us/individual/products/338704/ishares-msci-emerging-markets-value-factor-etf
Inception date	Sep 04, 2024
Assets (mns)	$8
Currency	USD
Expense ratio	35 bp
Distributions

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	261
Wgt avg mkt cap (mns)	$52,478
Large cap (>$10bn)	77.4%
Mid cap ($2-10bn)	20.5%
Small cap (<$2bn)	0.3%
Developed mkts	4.8%
Emerging mkts	95.3%

TOP TEN HOLDINGS
Total	31.4 %
ALIBABA GROUP HOLDING LTD.	6.6 %
CHINA CONSTRUCTION BANK-H	4.0 %
HYNIX SEMICONDUCTOR INC	4.0 %
IND & COMM BK OF CHINA - H	2.9 %
MEDIATEK INC	2.8 %
INFOSYS TECHNOLOGIES LTD	2.6 %
HON HAI PRECISION INDUSTRY	2.3 %
BAIDU, INC. CLASS A	2.2 %
BANK OF CHINA LTD - H	2.0 %
SAUDI TELECOM CO.	1.9 %

TOP COUNTRY EXPOSURE
	CHINA	29.2 %
	INDIA	14.9 %
	TAIWAN	14.7 %
	SOUTH KOREA	9.9 %
	SAUDI ARABIA	4.9 %
	BRAZIL	4.2 %
	HONG KONG	2.9 %
	SOUTH AFRICA	2.4 %
	MEXICO	1.9 %
	UAE	1.4 %

Standardized Annual Returns (thru May 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
6.9%	--	--	--	4.2%

Market Correlations
versus...	Beta	R-squared
S&P500	--	--
MSCI EAFE	--	--
MSCI Emg. Mkts.	--	--

Technical Indicators
Recent close	$27.22
30d moving avg.	$26.16
Annualized volatility	0.0%
Short interest (ETF)	2.9%
Relative strength (RSI)	60

Liquidity measures
Avg. volume (thou.)	2
Turnover	0.7%
Bid/Ask (% of price)	0.00%
ADV underlying (mns)	$8,477

FINDING ALTERNATIVE FUNDS

Below is a list of 376 potential alternatives to the iShares MSCI Emerging Markets Value Factor ETF ETF based on the alternatives' overlap in portfolio holdings with EVLU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

EVLU

Expense:

35 bp

ALTAR Score™:

19.7%

ALTERNATIVE ETFs BASED ON OVERLAP WITH EVLU
Ticker	Fund Name	Overlap¹ vs EVLU (%)	Expense ratio (bp)	Savings vs EVLU (bp)	ALTAR Score™ (%)	ALTAR vs EVLU (%)
PXH	Invesco FTSE RAFI Emerging Markets ETF	43.0	49	-14	16.3	-3.5
FNDE	Schwab Fundamental Emerging Markets Large Co. Index ETF	41.8	39	-4	16.6	-3.2
DFEV	Dimensional Emerging Markets Value ETF	36.5	43	-8	13.7	-6.1
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	35.6	50	-15	11.7	-8.0
ECON	Columbia Emerging Markets Consumer ETF	34.1	49	-14	12.8	-6.9
ROAM	Hartford Multifactor Emerging Markets ETF	34.1	44	-9	12.2	-7.6
JHEM	John Hancock Multifactor Emerging Markets ETF	32.1	49	-14	10.6	-9.1
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	28.5	45	-10	10.9	-8.9
DEM	WisdomTree Emerging Markets High Dividend Fund	27.3	63	-28	13.5	-6.3
AIA	iShares Asia 50 ETF	26.9	50	-15	13.7	-6.0
BKF	iShares MSCI BIC ETF	26.8	69	-34	13.4	-6.3
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	26.8	30	5	10.2	-9.5
EMXF	iShares ESG Advanced MSCI EM ETF	26.8	16	19	8.7	-11.1
EEMA	iShares MSCI Emerging Markets Asia ETF	26.2	49	-14	10.4	-9.3
EEM	iShares MSCI Emerging Markets ETF	25.9	69	-34	10.5	-9.2
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	25.9	66	-31	10.2	-9.6
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	25.7	15	20	10.6	-9.2
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	25.6	15	20	8.3	-11.5
BKEM	BNY Mellon Emerging Markets Equity ETF	25.5	11	24	10.4	-9.3
MCHI	iShares MSCI China ETF	25.1	59	-24	17.7	-2.0
FXI	iShares China Large-Cap ETF	25.1	74	-39	17.0	-2.7
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	25.0	36	-1	10.2	-9.5
UEVM	VictoryShares Emerging Markets Value Momentum ETF	25.0	45	-10	10.9	-8.9
EMXC	iShares MSCI Emerging Markets ex China ETF	24.8	25	10	8.0	-11.8
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free ETF	24.7	30	5	10.7	-9.1
EMGF	iShares Emerging Markets Equity Factor ETF	24.6	25	10	12.2	-7.6
LDEM	iShares ESG MSCI EM Leaders ETF	24.5	17	18	13.5	-6.2
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	24.4	24	11	8.5	-11.2
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	24.0	44	-9	11.1	-8.7
SCHE	Schwab Emerging Markets Equity ETF	23.9	11	24	11.4	-8.3
AAXJ	iShares MSCI All Country Asia ex Japan ETF	23.7	70	-35	9.5	-10.2
FLAX	Franklin FTSE Asia Ex Japan ETF	23.3	19	16	9.7	-10.1
STXE	Strive Emerging Markets Ex-China ETF	23.1	32	3	8.1	-11.7
FLCH	Franklin FTSE China ETF	23.0	19	16	16.7	-3.1
AVEM	Avantis Emerging Markets Equity ETF	22.9	33	2	9.4	-10.4
GMF	SPDR S&P Emerging Asia Pacific ETF	22.7	49	-14	9.7	-10.0
GXC	SPDR S&P China ETF	22.5	59	-24	16.4	-3.4
EEMO	Invesco S&P Emerging Markets Momentum ETF	22.5	29	6	6.7	-13.0
FDEM	Fidelity Emerging Markets Multifactor ETF	22.4	25	10	13.1	-6.7
IEMG	iShares Core MSCI Emerging Markets ETF	22.2	9	26	10.7	-9.0
AVES	Avantis Emerging Markets Value ETF	21.9	36	-1	11.8	-8.0
VWO	Vanguard FTSE Emerging Markets ETF	21.7	8	27	10.8	-8.9
KALL	KraneShares MSCI All China Index ETF	21.2	49	-14	14.7	-5.1
EMSG	Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF	21.0	20	15	10.9	-8.9
DFAE	Dimensional Emerging Core Equity Market ETF	20.9	35	0	9.7	-10.0
ESGE	iShares ESG Aware MSCI EM ETF	20.8	25	10	10.4	-9.4
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	20.3	33	2	10.4	-9.3
SPEM	SPDR Portfolio Emerging Markets ETF	20.2	7	28	10.8	-9.0
XCEM	Columbia EM Core ex-China ETF	20.1	16	19	8.5	-11.3
XCNY	SPDR S&P Emerging Markets ex-China ETF	19.6	15	20	7.8	-11.9
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	19.3	59	-24	12.1	-7.6
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	19.0	25	10	6.6	-13.2
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	18.8	38	-3	9.7	-10.1
XC	WisdomTree Emerging Markets Ex-China Fund	18.8	32	3	6.3	-13.5
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	18.0	95	-60	13.2	-6.5
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	17.8	32	3	9.5	-10.2
DEHP	Dimensional Emerging Markets High Profitability ETF	17.8	41	-6	7.0	-12.7
NUEM	Nuveen ESG Emerging Markets Equity ETF	17.6	36	-1	8.2	-11.6
EWT	iShares MSCI Taiwan ETF	17.2	58	-23	6.7	-13.1
FLTW	Franklin FTSE Taiwan ETF	17.2	19	16	6.9	-12.8
DVYE	iShares Emerging Markets Dividend ETF	17.0	49	-14	18.8	-0.9
DGRE	WisdomTree Emerging Markets Quality Dividend Growth Fund	17.0	32	3	7.0	-12.7
FEM	First Trust Emerging Markets AlphaDEX Fund	16.6	80	-45	12.3	-7.5
EMMF	WisdomTree Emerging Markets Multifactor Fund	16.5	48	-13	7.9	-11.8
FRDM	Freedom 100 Emerging Markets ETF	15.7	49	-14	9.0	-10.7
RNEM	First Trust Emerging Markets Equity Select ETF	15.3	75	-40	7.1	-12.7
MCH	Matthews China Active ETF	15.3	79	-44	15.5	-4.3
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	15.0	41	-6	9.1	-10.6
EMDM	First Trust Bloomberg Emerging Market Democracies ETF	14.9	75	-40	10.3	-9.5
INDA	iShares MSCI India ETF	14.4	65	-30	4.5	-15.2
FLIN	Franklin FTSE India ETF	14.2	19	16	4.0	-15.7
MEM	Matthews Emerging Markets Equity Active ETF	14.2	79	-44	8.2	-11.5
JCHI	JPMorgan Active China ETF	14.1	65	-30	16.1	-3.7
RODE	Hartford Multifactor Diversified International ETF	13.4	29	6	11.0	-8.8
QLVE	FlexShares Emerging Markets Quality Low Volatility Index Fun	13.4	40	-5	7.3	-12.5
PIN	Invesco India ETF	12.9	78	-43	4.4	-15.3
IVES	Wedbush ETFMG Global Cloud Technology ETF	12.8	68	-33	16.2	-3.6
EPI	WisdomTree India Earnings Fund	12.7	85	-50	4.9	-14.9
KEMQ	KraneShares Emerging Markets Consumer Technology Index ETF	12.3	60	-25	10.8	-9.0
FTHF	First Trust Emerging Markets Human Flourishing ETF	12.3	75	-40	8.8	-11.0
INDY	iShares India 50 ETF	11.8	89	-54	4.7	-15.0
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	11.8	78	-43	9.6	-10.1
EELV	Invesco S&P Emerging Markets Low Volatility ETF	11.3	29	6	8.9	-10.9
MINV	Matthews Asia Innovators Active ETF	11.3	79	-44	7.9	-11.9
RAYE	Rayliant Quantamental Emerging Market ex-China Equity ETF	11.3	88	-53	9.8	-10.0
EMC	Global X Emerging Markets Great Consumer ETF	11.0	75	-40	9.1	-10.6
NFTY	First Trust India NIFTY 50 Equal Weight ETF	10.9	80	-45	5.1	-14.7
CHAT	Roundhill Generative AI & Technology ETF	10.7	75	-40	8.5	-11.2
CXSE	WisdomTree China ex-State-Owned Enterprises Fund	10.6	32	3	17.5	-2.3
EDIV	SPDR S&P Emerging Markets Dividend ETF	10.2	49	-14	12.0	-7.8
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	10.1	67	-32	14.1	-5.6
KWEB	KraneShares CSI China Internet ETF	9.6	69	-34	24.5	+4.7
KTEC	KraneShares Hang Seng TECH Index ETF	9.6	69	-34	18.5	-1.3
EYLD	Cambria Emerging Shareholder Yield ETF	9.6	66	-31	12.6	-7.1
VYMI	Vanguard International High Dividend Yield ETF	9.6	22	13	9.8	-9.9
AIVC	Amplify Bloomberg AI Value Chain ETF	9.5	59	-24	6.5	-13.3
FLKR	Franklin FTSE South Korea ETF	9.3	9	26	10.3	-9.5
FDNI	First Trust Dow Jones International Internet ETF	8.9	65	-30	18.4	-1.3
VIDI	Vident International Equity Strategy ETF	8.9	61	-26	11.5	-8.2
EMQQ	EMQQ The Emerging Markets Internet & Ecommerce ETF	8.6	86	-51	13.6	-6.2
EWY	iShares MSCI South Korea ETF	8.4	58	-23	9.7	-10.1
TCHI	iShares MSCI China Multisector Tech ETF	8.4	59	-24	18.1	-1.7
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	8.3	70	-35	14.7	-5.0
EMM	Global X Emerging Markets ex-China ETF	8.3	75	-40	6.4	-13.3
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	8.1	47	-12	8.6	-11.2
IQDF	FlexShares International Quality Dividend Index Fund	7.9	47	-12	9.3	-10.4
FCA	First Trust China AlphaDEX Fund	7.8	80	-45	9.2	-10.6
PIE	Invesco Dorsey Wright Emerging Markets Momentum ETF	7.7	90	-55	7.9	-11.8
ACWX	iShares MSCI ACWI ex U.S. ETF	7.6	34	1	7.9	-11.9
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	7.6	18	17	7.9	-11.8
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	7.3	41	-6	7.8	-12.0
CHIQ	Global X MSCI China Consumer Discretionary ETF	7.2	65	-30	16.0	-3.7
VSGX	Vanguard ESG International Stock ETF	7.0	12	23	8.0	-11.8
VEU	Vanguard FTSE All-World ex-US Index Fund	6.9	8	27	8.3	-11.5
AIS	VistaShares Artificial Intelligence Supercycle ETF	6.8	75	-40	3.9	-15.9
GSIB	Themes Global Systemically Important Banks ETF	6.6	35	0	10.3	-9.4
FLLA	Franklin FTSE Latin America ETF	6.6	19	16	13.4	-6.4
IXUS	iShares Core MSCI Total International Stock ETF	6.5	7	28	8.1	-11.7
VXUS	Vanguard Total International Stock ETF	6.5	7	28	8.1	-11.6
ACWV	iShares MSCI Global Min Vol Factor ETF	6.4	20	15	5.9	-13.8
CWI	SPDR MSCI ACWI ex-US ETF	6.0	30	5	7.9	-11.8
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	6.0	30	5	8.2	-11.6
DEW	WisdomTree Global High Dividend Fund	6.0	58	-23	8.8	-11.0
NXTG	First Trust Indxx NextG ETF	6.0	70	-35	5.5	-14.2
SCHY	Schwab International Dividend Equity ETF	5.8	14	21	9.6	-10.2
FLN	First Trust Latin America AlphaDEX Fund	5.8	80	-45	10.5	-9.3
PATN	Pacer Nasdaq International Patent Leaders ETF	5.5	65	-30	6.5	-13.3
FPA	First Trust Asia Pacific ex-Japan AlphaDEX Fund	5.2	80	-45	10.0	-9.8
GVAL	Cambria Global Value ETF	5.1	68	-33	11.3	-8.5
WRND	IQ Global Equity R&D Leaders ETF	5.0	18	17	8.6	-11.1
MOTI	VanEck Morningstar International Moat ETF	4.9	58	-23	11.1	-8.6
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	4.8	42	-7	6.8	-13.0
FLSA	Franklin FTSE Saudi Arabia ETF	4.7	39	-4	0.0	-19.7
KSA	iShares MSCI Saudi Arabia ETF	4.7	74	-39	0.0	-19.7
IPKW	Invesco International BuyBack Achievers ETF	4.7	55	-20	13.5	-6.3
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	4.7	75	-40	3.2	-16.5
RXI	iShares Global Consumer Discretionary ETF	4.5	41	-6	9.2	-10.5
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	4.4	45	-10	3.1	-16.7
XT	iShares Exponential Technologies ETF	4.4	46	-11	5.0	-14.7
EWZ	iShares MSCI Brazil ETF	4.2	58	-23	13.2	-6.5
FLBR	Franklin FTSE Brazil ETF	4.1	19	16	15.0	-4.8
LOUP	Innovator Deepwater Frontier Tech ETF	4.0	70	-35	1.3	-18.5
FILL	iShares MSCI Global Energy Producers ETF	3.9	39	-4	11.7	-8.1
LEGR	First Trust Indxx Innovative Transaction & Process ETF	3.9	65	-30	7.6	-12.2
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	3.9	65	-30	11.7	-8.1
INCO	Columbia India Consumer ETF	3.9	75	-40	2.0	-17.8
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	3.8	46	-11	10.3	-9.5
GLOF	iShares Global Equity Factor ETF	3.5	20	15	6.9	-12.9
DSTX	Distillate International Fundamental Stability & Value ETF	3.5	55	-20	8.2	-11.6
FBZ	First Trust Brazil AlphaDEX Fund	3.4	80	-45	12.1	-7.6
PICK	iShares MSCI Global Metals & Mining Producers ETF	3.4	39	-4	14.1	-5.6
IGPT	Invesco AI and Next Gen Software ETF	3.3	60	-25	4.5	-15.3
GGME	Invesco Next Gen Media and Gaming ETF	3.2	60	-25	4.5	-15.2
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	3.2	80	-45	10.2	-9.6
ANEW	ProShares MSCI Transformational Changes ETF	3.2	45	-10	6.2	-13.6
IDAT	iShares Future Cloud 5G and Tech ETF	2.8	47	-12	5.1	-14.7
CGXU	Capital Group International Focus Equity ETF	2.8	54	-19	5.8	-13.9
OBOR	KraneShares MSCI One Belt One Road Index ETF	2.7	79	-44	9.2	-10.6
ACWI	iShares MSCI ACWI ETF	2.7	32	3	5.8	-13.9
QTUM	Defiance Quantum ETF	2.7	40	-5	5.7	-14.1
GLIN	VanEck India Growth Leaders ETF	2.7	77	-42	6.5	-13.3
JSTC	Adasina Social Justice All Cap Global ETF	2.6	89	-54	4.9	-14.8
JPIN	J.P. Morgan Diversified Return International Equity ETF	2.5	37	-2	8.6	-11.1
CRBN	iShares MSCI ACWI Low Carbon Target ETF	2.5	20	15	5.9	-13.8
CQQQ	Invesco China Technology ETF	2.4	70	-35	10.6	-9.2
VT	Vanguard Total World Stock ETF	2.4	7	28	6.2	-13.6
WWJD	Inspire International ETF	2.3	80	-45	7.4	-12.4
EDOG	ALPS Emerging Sector Dividend Dogs ETF	2.3	60	-25	11.0	-8.8
EZA	iShares MSCI South Africa ETF	2.3	58	-23	10.6	-9.1
IMFL	Invesco International Developed Dynamic Multifactor ETF	2.3	34	1	6.0	-13.8
SDIV	Global X Superdividend ETF	2.2	58	-23	42.0	+22.2
IXG	iShares Global Financials ETF	2.2	42	-7	7.0	-12.8
DGT	SPDR Global Dow ETF	2.2	50	-15	7.4	-12.4
VPL	Vanguard FTSE Pacific ETF	2.2	8	27	7.3	-12.4
KNCT	Invesco Next Gen Connectivity ETF	2.2	40	-5	5.2	-14.6
NDIA	Global X India Active ETF	2.1	75	-40	4.8	-14.9
DTCR	Global X Data Center & Digital Infrastructure ETF	2.0	50	-15	4.6	-15.2
DRIV	Global X Autonomous & Electric Vehicles ETF	2.0	68	-33	5.8	-14.0
AFK	VanEck Africa Index ETF	2.0	98	-63	12.4	-7.4
FID	First Trust S&P International Dividend Aristocrats ETF	1.9	60	-25	8.2	-11.6
FEOE	First Eagle Overseas Equity ETF	1.9	79	-44	8.2	-11.5
FCLD	Fidelity Cloud Computing ETF	1.9	39	-4	3.2	-16.5
SNSR	Global X Internet of Things ETF	1.9	68	-33	4.7	-15.0
IXN	iShares Global Tech ETF	1.9	41	-6	4.1	-15.6
IWTR	iShares MSCI Water Management Multisector ETF	1.9	47	-12	5.9	-13.9
BLES	Inspire Global Hope ETF	1.9	61	-26	6.9	-12.8
ILF	iShares Latin America 40 ETF	1.9	48	-13	13.1	-6.6
IGRO	iShares International Dividend Growth ETF	1.8	15	20	7.1	-12.7
EWW	iShares MSCI Mexico ETF	1.8	50	-15	10.2	-9.6
EMDV	ProShares MSCI Emerging Markets Dividend Growers ETF	1.8	60	-25	7.3	-12.5
FTAG	First Trust Indxx Global Agriculture ETF	1.8	70	-35	8.4	-11.3
ICOP	iShares Copper and Metals Mining ETF	1.8	47	-12	9.2	-10.5
FGD	First Trust Dow Jones Global Select Dividend Index Fund	1.8	56	-21	11.3	-8.5
SDG	iShares MSCI Global Sustainable Development Goals ETF	1.8	49	-14	6.2	-13.5
WDIV	SPDR S&P Global Dividend ETF	1.7	40	-5	9.5	-10.2
KLMT	Invesco MSCI Global Climate 500 ETF	1.7	10	25	6.0	-13.7
UIVM	VictoryShares International Value Momentum ETF	1.7	35	0	9.2	-10.6
CCNR	ALPS CoreCommodity Natural Resources ETF	1.7	39	-4	11.5	-8.2
FNDF	Schwab Fundamental International Large Co. Index ETF	1.7	25	10	9.7	-10.0
AGQI	First Trust Active Global Quality Income ETF	1.6	85	-50	5.4	-14.4
IDV	iShares International Select Dividend ETF	1.6	51	-16	11.2	-8.6
VIGI	Vanguard International Dividend Appreciation ETF	1.5	15	20	6.1	-13.7
FLMX	Franklin FTSE Mexico ETF	1.5	19	16	10.5	-9.3
JIG	JPMorgan International Growth ETF	1.5	55	-20	4.8	-15.0
IPAV	Global X Infrastructure Development ex-U.S. ETF	1.4	55	-20	7.9	-11.9
IDHQ	Invesco S&P International Developed High Quality ETF	1.4	29	6	6.6	-13.2
DINT	Davis Select International ETF	1.4	55	-20	8.3	-11.5
DWLD	Davis Select Worldwide ETF	1.4	63	-28	7.7	-12.1
AIQ	Global X Artificial Intelligence & Technology ETF	1.4	68	-33	4.0	-15.8
DGIN	VanEck Digital India ETF	1.4	71	-36	2.1	-17.7
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	1.4	24	11	7.6	-12.1
INDF	Nifty India Financials ETF	1.3	75	-40	6.5	-13.3
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	1.3	75	-40	5.1	-14.6
UAE	iShares MSCI UAE ETF	1.3	59	-24	0.0	-19.7
FEGE	First Eagle Global Equity ETF	1.3	79	-44	7.1	-12.7
GCOW	Pacer Global Cash Cows Dividend ETF	1.3	60	-25	11.0	-8.8
IBUY	Amplify Online Retail ETF	1.3	65	-30	1.3	-18.4
METV	Roundhill Ball Metaverse ETF	1.3	59	-24	5.9	-13.9
MOTG	VanEck Morningstar Global Wide Moat ETF	1.3	52	-17	6.8	-12.9
HFXI	IQ FTSE International Equity Currency Neutral ETF	1.3	20	15	7.2	-12.5
ASEA	Global X FTSE Southeast Asia ETF	1.2	65	-30	7.0	-12.8
TUR	iShares MSCI Turkey ETF	1.2	58	-23	21.9	+2.2
EPOL	iShares MSCI Poland ETF	1.2	59	-24	11.7	-8.0
MOO	VanEck Agribusiness ETF	1.2	53	-18	10.3	-9.4
CGV	Conductor Global Equity Value ETF	1.2	130	-95	8.7	-11.0
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	1.2	9	26	6.1	-13.7
SUPL	ProShares Supply Chain Logistics ETF	1.2	58	-23	11.6	-8.2
RCGE	RockCreek Global Equality ETF	1.2	95	-60	6.5	-13.3
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.2	12	23	5.4	-14.4
VNQI	Vanguard Global ex-U.S. Real Estate ETF	1.2	12	23	8.2	-11.5
OCEN	IQ Clean Oceans ETF	1.1	45	-10	6.2	-13.5
ABLG	Abacus FCF International Leaders ETF	1.1	59	-24	6.3	-13.4
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	1.1	45	-10	9.0	-10.7
IXC	iShares Global Energy ETF	1.1	44	-9	10.1	-9.6
THD	iShares MSCI Thailand ETF	1.0	58	-23	0.0	-19.7
CLNR	IQ Cleaner Transport ETF	1.0	45	-10	6.5	-13.2
COPY	Tweedy, Browne Insider + Value ETF	1.0	80	-45	12.3	-7.5
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	1.0	58	-23	10.0	-9.7
EWM	iShares MSCI Malaysia ETF	1.0	50	-15	7.0	-12.8
ROBO	ROBO Global Robotics & Automation Index ETF	1.0	95	-60	3.8	-15.9
CGGO	Capital Group Global Growth Equity ETF	1.0	47	-12	4.8	-14.9
MOTO	SmartETFs Smart Transportation & Technology ETF	0.9	68	-33	7.6	-12.2
UMMA	Wahed Dow Jones Islamic World ETF	0.9	65	-30	5.2	-14.6
SCHF	Schwab International Equity ETF	0.9	6	29	7.5	-12.3
VEGI	iShares MSCI Agriculture Producers ETF	0.9	39	-4	8.5	-11.2
CARZ	First Trust NASDAQ Global Auto Index Fund	0.9	70	-35	5.5	-14.2
BUYZ	Franklin Disruptive Commerce ETF	0.9	50	-15	2.4	-17.3
EIDO	iShares MSCI Indonesia ETF	0.9	59	-24	9.3	-10.5
IDX	VanEck Indonesia Index ETF	0.9	57	-22	9.2	-10.5
VEA	Vanguard FTSE Developed Markets ETF	0.9	5	30	7.4	-12.4
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.9	65	-30	2.4	-17.4
EMIF	iShares Emerging Markets Infrastructure ETF	0.8	60	-25	6.7	-13.1
FLHK	Franklin FTSE Hong Kong ETF	0.8	9	26	6.8	-13.0
DFNL	Davis Select Financial ETF	0.8	63	-28	8.1	-11.7
PGJ	Invesco Golden Dragon China ETF	0.7	70	-35	10.0	-9.7
SPDW	SPDR Portfolio Developed World ex-US ETF	0.7	3	32	7.2	-12.5
GREK	Global X MSCI Greece ETF	0.6	57	-22	10.9	-8.8
GINN	Goldman Sachs Innovate Equity ETF	0.6	52	-17	3.9	-15.9
GII	SPDR S&P Global Infrastructure ETF	0.6	40	-5	4.8	-15.0
IGF	iShares Global Infrastructure ETF	0.6	41	-6	4.7	-15.0
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.6	46	-11	5.5	-14.3
DTAN	Sparkline International Intangible Value ETF	0.6	55	-20	8.3	-11.4
ECH	iShares MSCI Chile ETF	0.6	58	-23	8.9	-10.9
IDOG	ALPS International Sector Dividend Dogs ETF	0.6	50	-15	12.3	-7.4
CRAK	VanEck Oil Refiners ETF	0.6	61	-26	15.0	-4.7
SHPP	Pacer Industrials and Logistics ETF	0.6	60	-25	8.7	-11.1
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	0.6	80	-45	14.6	-5.1
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	0.6	47	-12	5.8	-14.0
FEP	First Trust Europe AlphaDEX Fund	0.6	80	-45	9.4	-10.3
FEUZ	First Trust Eurozone AlphaDEX ETF	0.6	80	-45	9.4	-10.4
MXI	iShares Global Materials ETF	0.5	41	-6	8.0	-11.8
IXP	iShares Global Comm Services ETF	0.5	42	-7	5.8	-13.9
ISHP	First Trust Nasdaq Retail ETF	0.5	60	-25	5.4	-14.3
CGDG	Capital Group Dividend Growers ETF	0.4	47	-12	6.3	-13.5
FDD	First Trust Stoxx European Select Dividend Index Fund	0.4	58	-23	11.8	-8.0
BOAT	SonicShares Global Shipping ETF	0.4	69	-34	29.5	+9.8
IQRA	IQ CBRE Real Assets ETF	0.4	65	-30	5.7	-14.0
KURE	KraneShares MSCI All China Health Care Index ETF	0.4	65	-30	2.9	-16.8
BRAZ	Global X Brazil Active ETF	0.4	75	-40	12.7	-7.0
QAT	iShares MSCI Qatar ETF	0.4	59	-24	47.3	+27.5
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.4	45	-10	4.5	-15.2
SMOG	VanEck Low Carbon Energy ETF	0.4	61	-26	1.6	-18.1
JETS	U.S. Global Jets ETF	0.4	60	-25	3.1	-16.7
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	0.4	65	-30	8.0	-11.7
CNYA	iShares MSCI China A ETF	0.4	60	-25	7.2	-12.6
EBIZ	Global X E-Commerce ETF	0.4	50	-15	4.2	-15.6
CGGR	Capital Group Growth ETF	0.3	39	-4	3.4	-16.4
ERTH	Invesco MSCI Sustainable Future ETF	0.3	62	-27	3.6	-16.1
KGRN	KraneShares MSCI China Clean Technology Index ETF	0.3	79	-44	3.7	-16.1
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	0.3	10	25	8.3	-11.5
TTAI	FCF International Quality ETF	0.3	59	-24	6.9	-12.8
GMET	VanEck Green Metals ETF	0.3	63	-28	10.1	-9.6
ION	ProShares S&P Global Core Battery Metals ETF	0.3	58	-23	12.1	-7.7
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	0.3	80	-45	11.5	-8.2
OAIM	OneAscent International Equity ETF	0.3	95	-60	5.8	-14.0
RING	iShares MSCI Global Gold Miners ETF	0.3	39	-4	5.4	-14.4
SLVP	iShares MSCI Global Silver Miners ETF	0.3	39	-4	8.1	-11.6
EPHE	iShares MSCI Philippines ETF	0.3	59	-24	0.0	-19.7
ICLN	iShares Global Clean Energy ETF	0.3	41	-6	5.8	-13.9
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	0.3	49	-14	7.1	-12.6
ESPO	VanEck Video Gaming and eSports ETF	0.3	56	-21	4.3	-15.4
ODDS	Pacer BlueStar Digital Entertainment ETF	0.3	60	-25	2.2	-17.5
CIL	VictoryShares International Volatility Wtd ETF	0.3	45	-10	6.7	-13.0
TPIF	Timothy Plan International ETF	0.3	62	-27	6.3	-13.4
IQSI	IQ Candriam International Equity ETF	0.3	15	20	6.7	-13.1
COPX	Global X Copper Miners ETF	0.3	65	-30	8.6	-11.1
KXI	iShares Global Consumer Staples ETF	0.3	41	-6	5.5	-14.3
AGMI	Themes Silver Miners ETF	0.3	35	0	6.6	-13.2
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	0.3	80	-45	4.9	-14.8
APIE	ActivePassive International Equity ETF	0.3	45	-10	7.6	-12.1
DTEC	ALPS Disruptive Technologies ETF	0.2	50	-15	3.9	-15.8
DWX	SPDR S&P International Dividend ETF	0.2	45	-10	6.2	-13.6
FRNW	Fidelity Clean Energy ETF	0.2	39	-4	4.1	-15.6
SOLR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	0.2	79	-44	5.5	-14.3
ARGT	Global X MSCI Argentina ETF	0.2	59	-24	4.2	-15.6
HAP	VanEck Natural Resources ETF	0.2	50	-15	9.7	-10.1
GSID	Goldman Sachs MarketBeta International Equity ETF	0.2	20	15	7.0	-12.7
BKIE	BNY Mellon International Equity ETF	0.2	4	31	7.1	-12.6
GXG	Global X MSCI Colombia ETF	0.2	62	-27	18.1	-1.7
BBEU	JPMorgan BetaBuilders Europe ETF	0.2	9	26	7.2	-12.6
PTEC	Global X PropTech ETF	0.2	50	-15	1.8	-17.9
CGRO	CoreValues Alpha Greater China Growth ETF	0.2	75	-40	3.7	-16.0
PNQI	Invesco NASDAQ Internet ETF	0.2	60	-25	3.4	-16.4
VGK	Vanguard FTSE Europe ETF	0.2	11	24	7.4	-12.4
TAN	Invesco Solar ETF	0.2	67	-32	7.8	-11.9
ETEC	iShares Breakthrough Environmental Solutions ETF	0.2	47	-12	3.6	-16.1
GNR	SPDR S&P Global Natural Resources ETF	0.2	40	-5	11.6	-8.2
SAGP	Strategas Global Policy Opportunities ETF	0.2	65	-30	5.3	-14.4
SPEU	SPDR Portfolio Europe ETF	0.2	7	28	7.3	-12.4
FLEE	Franklin FTSE Europe ETF	0.2	9	26	7.3	-12.4
JGLO	JPMorgan Global Select Equity ETF	0.2	33	2	5.1	-14.7
SILJ	ETFMG Prime Junior Silver Miners ETF	0.2	69	-34	3.0	-16.8
SETM	Sprott Energy Transition Materials ETF	0.2	65	-30	3.9	-15.8
DMAT	Global X Disruptive Materials ETF	0.2	59	-24	10.1	-9.6
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.2	85	-50	9.9	-9.9
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.1	70	-35	8.1	-11.7
AVRE	Avantis Real Estate ETF	0.1	17	18	7.1	-12.6
ARTY	iShares Future AI & Tech ETF	0.1	47	-12	3.5	-16.2
REET	iShares Global REIT ETF	0.1	14	21	7.6	-12.2
RWO	SPDR Dow Jones Global Real Estate ETF	0.1	50	-15	7.1	-12.7
RWX	SPDR Dow Jones International Real Estate ETF	0.1	59	-24	7.1	-12.7
DFGR	Dimensional Global Real Estate ETF	0.1	22	13	7.5	-12.3
BINV	Brandes International ETF	0.1	70	-35	9.7	-10.1
CTEC	Global X CleanTech ETF	0.1	50	-15	2.8	-16.9
PBD	Invesco Global Clean Energy ETF	0.1	75	-40	0.6	-19.1
RAYS	Global X Solar ETF	0.1	51	-16	7.5	-12.2
KBA	KraneShares Bosera MSCI China A 50 Connect Index ETF	0.1	55	-20	8.3	-11.4
RAYC	Rayliant Quantamental China Equity ETF	0.1	80	-45	8.7	-11.0
RFDI	First Trust Riverfront Dynamic Developed International ETF	0.1	83	-48	9.7	-10.1
FAN	First Trust Global Wind Energy ETF	0.1	60	-25	4.7	-15.1
RNRG	Global X Renewable Energy Producers ETF	0.1	66	-31	5.9	-13.9
WNDY	Global X Wind Energy ETF	0.1	50	-15	5.7	-14.0
BLLD	JPMorgan Sustainable Infrastructure ETF	0.1	49	-14	6.1	-13.7
FNDC	Schwab Fundamental International Small Co. Index ETF	0.1	39	-4	6.0	-13.7
BATT	Amplify Lithium & Battery Technology ETF	0.1	59	-24	4.0	-15.7
BJK	VanEck Gaming ETF	0.1	65	-30	4.6	-15.1
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	0.1	7	28	7.0	-12.7
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	0.1	39	-4	8.3	-11.5
SCHC	Schwab International Small-Cap Equity ETF	0.1	11	24	7.0	-12.7
AQWA	Global X Clean Water ETF	0.1	50	-15	5.0	-14.7
CGW	Invesco S&P Global Water Index ETF	0.1	57	-22	4.7	-15.0
EFRA	iShares Environmental Infrastructure and Industrials ETF	0.1	47	-12	5.3	-14.4
EWX	SPDR S&P Emerging Markets Small Cap ETF	0.1	65	-30	8.3	-11.4
CUT	Invesco MSCI Global Timber ETF	0.1	61	-26	10.4	-9.4
WOOD	iShares Global Timber & Forestry ETF	0.1	42	-7	12.3	-7.5
JXI	iShares Global Utilities ETF	0.1	43	-8	5.9	-13.8
DIVI	Franklin International Core Dividend Tilt Index ETF	0.1	9	26	8.1	-11.6
ARVR	First Trust Indxx Metaverse ETF	0.1	70	-35	4.3	-15.5
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.1	42	-7	5.6	-14.2
EPU	iShares MSCI Peru and Global Exposure ETF	0.0	59	-24	7.4	-12.4
GDX	VanEck Gold Miners ETF	0.0	51	-16	4.2	-15.6
GDXJ	VanEck Junior Gold Miners ETF	0.0	52	-17	5.4	-14.4
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	0.0	60	-25	3.6	-16.2
SIL	Global X Silver Miners ETF	0.0	65	-30	3.7	-16.1
COPA	Themes Copper Miners ETF	0.0	35	0	7.0	-12.8
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	0.0	39	-4	6.8	-12.9

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%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	iShares MSCI Emerging Markets Value Factor ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

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