iShares MSCI Germany ETF
ALTAR
Score™		 6.0% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 17.0x P/Sales
ratio		 1.4x
P/BV
ratio		 1.9x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Germany Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German equity market, as measured by the MSCI Germany Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $1,463
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $115,935
Large cap (>$10bn) 97.5%
Mid cap ($2-10bn) 2.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SIEMENS AG-REG 11.7 %
SAP AG 9.9 %
ALLIANZ SE-REG 8.4 %
SIEMENS ENERGY AG 7.3 %
INFINEON TECHNOLOGIES AG 5.7 %
DEUTSCHE TELEKOM AG 5.7 %
MUENCHENER RUECKVER AG-REG 3.5 %
RHEINMETALL AG 3.3 %
DEUTSCHE BANK AG-REGISTERED 2.9 %
BASF SE 2.7 %
Total 61.2 %

TOP COUNTRY EXPOSURE
GERMANY 94.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% 5.2% 6.5% 7.9% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 52%
MSCI EAFE 1.05 83%
MSCI Emg. Mkts. 0.65 56%

Technical Indicators
Recent close $42.04
30d moving avg. $42.59
Annualized volatility 18.9%
Short interest (ETF) 8.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1,038
Turnover 3.0%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $2,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 312 potential alternatives to the iShares MSCI Germany ETF ETF based on the alternatives' overlap in portfolio holdings with EWG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWG Expense: 50 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWG
Ticker Fund
Name		 Overlap1
vs EWG
(%)		 Expense
ratio
(bp)		 Savings
vs EWG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWG
(%)
DAX Global X DAX Germany ETF 89.2 21 29 6.2 +0.3
FEZ SPDR EURO STOXX 50 ETF 28.0 29 21 5.7 -0.3
FGM First Trust Germany AlphaDEX Fund 27.0 80 -30 5.0 -0.9
JIVE JPMorgan International Value ETF 26.2 55 -5 8.3 +2.4
EZU iShares MSCI Eurozone ETF 24.0 52 -2 5.5 -0.4
HEZU iShares Currency Hedged MSCI Eurozone ETF 24.0 53 -3 5.4 -0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.9 45 5 5.5 -0.5
HEDJ WisdomTree Europe Hedged Equity Fund 20.1 58 -8 5.9 -0.1
CLNR IQ Cleaner Transport ETF 16.7 45 5 3.9 -2.0
IDMO Invesco S&P International Developed Momentum ETF 15.2 25 25 5.3 -0.7
DTAN Sparkline International Intangible Value ETF 15.0 55 -5 7.1 +1.2
OCEN IQ Clean Oceans ETF 14.3 45 5 4.6 -1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.7 46 4 5.5 -0.5
BBEU JPMorgan BetaBuilders Europe ETF 13.5 9 41 6.2 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.4 25 25 6.3 +0.3
FLEE Franklin FTSE Europe ETF 13.1 9 41 6.3 +0.3
IEV iShares Europe ETF 12.9 67 -17 5.8 -0.1
INEQ Columbia International Equity Income ETF 12.3 45 5 7.9 +1.9
EUFN iShares MSCI Europe Financials ETF 11.9 51 -1 7.1 +1.1
VGK Vanguard FTSE Europe ETF 11.9 6 44 6.5 +0.6
IEUR iShares Core MSCI Europe ETF 11.8 11 39 6.3 +0.4
SPEU SPDR Portfolio Europe ETF 11.5 7 43 6.5 +0.5
JIRE JPMorgan International Research Enhanced Equity ETF 11.3 24 26 5.8 -0.1
MOTO SmartETFs Smart Transportation & Technology ETF 11.3 68 -18 5.1 -0.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 10.5 79 -29 3.6 -2.3
DIVI Franklin International Core Dividend Tilt Index ETF 10.5 9 41 6.6 +0.6
SHPP Pacer Industrials and Logistics ETF 10.4 60 -10 6.6 +0.6
IVLU iShares MSCI Intl Value Factor ETF 10.4 30 20 8.0 +2.1
JHMD John Hancock Multifactor Developed International ETF 10.0 39 11 6.2 +0.3
AGIX KraneShares Artificial Intelligence and Technology ETF 9.9 99 -49 1.1 -4.9
FEUZ First Trust Eurozone AlphaDEX ETF 9.5 80 -30 6.4 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 9.1 20 30 5.7 -0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.1 35 15 5.7 -0.3
EFG iShares MSCI EAFE Growth ETF 9.0 36 14 3.7 -2.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.9 36 14 5.3 -0.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 8.8 70 -20 3.8 -2.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.7 58 -8 6.4 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 8.7 31 19 5.6 -0.4
FENI Fidelity Enhanced International ETF 8.6 28 22 5.8 -0.1
FIVA Fidelity International Value Factor ETF 8.6 18 32 7.3 +1.3
EFA iShares MSCI EAFE ETF 8.4 35 15 5.7 -0.2
CGIE Capital Group International Equity ETF 8.4 54 -4 4.6 -1.4
HEFA iShares Currency Hedged MSCI EAFE ETF 8.4 35 15 5.7 -0.2
STXI Strive International Developed Markets ETF 8.3 29 21 6.2 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 8.3 20 30 5.9 -0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 8.2 20 30 5.6 -0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 8.2 9 41 7.8 +1.8
ESGD iShares ESG Aware MSCI EAFE ETF 8.1 20 30 5.8 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.0 25 25 6.2 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.0 45 5 6.7 +0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.0 20 30 5.7 -0.3
EFV iShares MSCI EAFE Value ETF 7.9 34 16 7.6 +1.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.9 65 -15 7.2 +1.3
DFIV Dimensional International Value ETF 7.8 27 23 7.8 +1.9
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.7 48 2 4.7 -1.3
IQDG WisdomTree International Quality Dividend Growth Fund 7.7 42 8 5.7 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.7 58 -8 5.3 -0.6
IVSI Applied Finance IVS International Large ETF 7.4 65 -15 6.0 +0.0
DIHP Dimensional International High Profitability ETF 7.4 29 21 5.8 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 7.4 12 38 4.9 -1.1
IQSI IQ Candriam International Equity ETF 7.3 15 35 5.6 -0.4
IEFA iShares Core MSCI EAFE ETF 7.2 7 43 6.0 +0.1
BKIE BNY Mellon International Equity ETF 7.2 4 46 6.0 +0.0
AVIV Avantis International Large Cap Value ETF 7.2 25 25 7.0 +1.1
PPIE Putnam PanAgora ESG International Equity ETF 7.1 49 1 6.2 +0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.1 30 20 6.2 +0.2
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 2 5.6 -0.3
UMMA Wahed Dow Jones Islamic World ETF 6.8 65 -15 3.4 -2.5
FEP First Trust Europe AlphaDEX Fund 6.6 80 -30 6.8 +0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.5 58 -8 7.3 +1.3
PATN Pacer Nasdaq International Patent Leaders ETF 6.4 65 -15 4.0 -2.0
DFAI Dimensional International Core Equity Market ETF 6.4 18 32 6.0 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 6.3 4 46 6.0 +0.1
SCHF Schwab International Equity ETF 6.3 6 44 5.9 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 6.3 25 25 7.4 +1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.2 47 3 5.0 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 6.2 24 26 5.7 -0.3
INTF iShares International Equity Factor ETF 6.1 15 35 6.5 +0.5
AVSD Avantis Responsible International Equity ETF 6.1 23 27 6.0 +0.1
IQLT iShares MSCI Intl Quality Factor ETF 6.0 30 20 5.5 -0.5
SCHY Schwab International Dividend Equity ETF 6.0 14 36 8.4 +2.5
UIVM VictoryShares International Value Momentum ETF 6.0 35 15 8.2 +2.3
DFIC Dimensional International Core Equity 2 ETF 6.0 23 27 6.2 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 6.0 50 0 9.1 +3.2
FPXI First Trust International Equity Opportunities ETF 6.0 70 -20 3.7 -2.3
AVDE Avantis International Equity ETF 5.9 23 27 6.3 +0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.8 65 -15 7.9 +2.0
VEA Vanguard FTSE Developed Markets ETF 5.8 3 47 5.9 -0.0
IMFL Invesco International Developed Dynamic Multifactor ETF 5.8 34 16 5.1 -0.8
JHID John Hancock International High Dividend ETF 5.8 46 4 7.9 +1.9
WRND IQ Global Equity R&D Leaders ETF 5.7 18 32 4.0 -2.0
FDD First Trust Stoxx European Select Dividend Index Fund 5.7 58 -8 9.7 +3.7
DWM WisdomTree International Equity Fund 5.6 48 2 5.6 -0.3
BKCI BNY Mellon Concentrated International ETF 5.6 80 -30 4.8 -1.1
CIL VictoryShares International Volatility Wtd ETF 5.6 45 5 5.8 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.6 41 9 6.0 +0.0
SPDW SPDR Portfolio Developed World ex-US ETF 5.5 3 47 5.8 -0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.5 12 38 5.3 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.5 40 10 5.7 -0.3
VIGI Vanguard International Dividend Appreciation ETF 5.5 10 40 6.1 +0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 5.4 55 -5 5.7 -0.3
DWMF WisdomTree International Multifactor Fund 5.4 38 12 6.9 +1.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 5.2 39 11 1.0 -5.0
WWJD Inspire International ETF 5.2 80 -30 6.3 +0.4
PRNT 3D Printing ETF 5.1 66 -16 1.2 -4.8
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 21 5.3 -0.7
LVHI Franklin International Low Volatility High Dividend Index ET 5.1 40 10 7.7 +1.7
DXIV Dimensional International Vector Equity ETF 5.0 34 16 6.6 +0.7
FTAG First Trust Indxx Global Agriculture ETF 5.0 70 -20 7.3 +1.4
CWI SPDR MSCI ACWI ex-US ETF 5.0 30 20 6.4 +0.5
QINT American Century Quality Diversified International ETF 5.0 39 11 6.6 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 5.0 83 -33 7.7 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.9 39 11 7.0 +1.0
EXI iShares Global Industrials ETF 4.9 42 8 3.6 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 4.9 34 16 6.3 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.9 18 32 6.3 +0.4
JIG JPMorgan International Growth ETF 4.9 55 -5 3.6 -2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.8 80 -30 5.5 -0.4
MOTI VanEck Morningstar International Moat ETF 4.8 58 -8 10.3 +4.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.7 58 -8 3.4 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 4.6 4 46 6.7 +0.7
FIDI Fidelity International High Dividend ETF 4.6 18 32 7.2 +1.3
AIVI WisdomTree International AI Enhanced Value Fund 4.6 58 -8 6.3 +0.3
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -25 4.5 -1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.5 32 18 5.4 -0.6
VSGX Vanguard ESG International Stock ETF 4.3 10 40 6.5 +0.6
VXUS Vanguard Total International Stock ETF 4.3 5 45 6.6 +0.6
IXUS iShares Core MSCI Total International Stock ETF 4.2 7 43 6.5 +0.6
IMTM iShares MSCI Intl Momentum Factor ETF 4.2 30 20 4.7 -1.3
NATO Themes Transatlantic Defense ETF 4.1 35 15 1.9 -4.1
DTH WisdomTree International High Dividend Fund 4.1 58 -8 7.4 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.1 29 21 7.0 +1.0
GCOW Pacer Global Cash Cows Dividend ETF 4.1 60 -10 9.4 +3.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.0 14 36 5.3 -0.7
JXI iShares Global Utilities ETF 4.0 43 7 5.2 -0.8
MOTG VanEck Morningstar Global Wide Moat ETF 3.9 52 -2 8.0 +2.0
VYMI Vanguard International High Dividend Yield ETF 3.9 17 33 8.0 +2.1
CLOD Themes Cloud Computing ETF 3.8 35 15 3.1 -2.8
TPIF Timothy Plan International ETF 3.8 62 -12 5.6 -0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.8 30 20 6.4 +0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.8 80 -30 3.6 -2.4
IMOM Alpha Architect International Quantitative Momentum ETF 3.7 49 1 4.2 -1.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.7 22 28 5.7 -0.2
FAN First Trust Global Wind Energy ETF 3.7 60 -10 2.8 -3.2
XT iShares Exponential Technologies ETF 3.7 46 4 3.8 -2.1
IDV iShares International Select Dividend ETF 3.7 51 -1 9.1 +3.1
SHLD Global X Defense Tech ETF 3.6 50 0 3.1 -2.9
FICS First Trust International Developed Capital Strength ETF 3.6 70 -20 6.7 +0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.5 50 0 5.7 -0.3
ROBO ROBO Global Robotics & Automation Index ETF 3.5 95 -45 2.3 -3.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.5 39 11 6.2 +0.3
DSTX Distillate International Fundamental Stability & Value ETF 3.4 55 -5 6.7 +0.7
DGT State Street SPDR Global Dow ETF 3.4 50 0 5.6 -0.3
DINT Davis Select International ETF 3.4 55 -5 6.1 +0.1
FBOT Fidelity Disruptive Automation ETF 3.3 50 0 2.9 -3.1
KNO AXS Knowledge Leaders ETF 3.3 78 -28 4.0 -2.0
IPKW Invesco International BuyBack Achievers ETF 3.2 55 -5 8.2 +2.2
DRIV Global X Autonomous & Electric Vehicles ETF 3.2 68 -18 2.9 -3.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.2 56 -6 9.7 +3.8
PIEL Pacer International Export Leaders ETF 3.2 60 -10 4.0 -1.9
JGLO JPMorgan Global Select Equity ETF 3.2 33 17 4.3 -1.6
WUGI AXS Esoterica NextG Economy ETF 3.2 75 -25 1.4 -4.6
GSIB Themes Global Systemically Important Banks ETF 2.9 35 15 8.3 +2.4
POW VistaShares Electrification Supercycle ETF 2.9 75 -25 2.0 -4.0
IXP iShares Global Comm Services ETF 2.9 42 8 5.7 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.9 24 26 6.9 +1.0
MXI iShares Global Materials ETF 2.9 41 9 6.0 +0.0
RCGE RockCreek Global Equality ETF 2.9 95 -45 6.1 +0.2
CGXU Capital Group International Focus Equity ETF 2.9 54 -4 3.8 -2.2
GEW Cambria Global EW ETF 2.8 29 21 5.4 -0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 8 4.0 -1.9
AIQ Global X Artificial Intelligence & Technology ETF 2.8 68 -18 2.6 -3.3
IVAL Alpha Architect International Quantitative Value ETF 2.8 49 1 7.7 +1.7
IBAT iShares Energy Storage & Materials ETF 2.8 47 3 1.5 -4.5
IXG iShares Global Financials ETF 2.8 42 8 6.2 +0.3
BLES Inspire Global Hope ETF 2.7 61 -11 5.7 -0.2
FDEV Fidelity International Multifactor ETF 2.7 18 32 7.3 +1.4
DIVS SmartETFs Dividend Builder ETF 2.7 65 -15 4.4 -1.5
BCDF Horizon Kinetics Blockchain Development ETF 2.7 85 -35 3.8 -2.1
CGDG Capital Group Dividend Growers ETF 2.6 47 3 5.2 -0.8
NETZ TCW Transform Systems ETF 2.6 75 -25 1.3 -4.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.5 85 -35 2.9 -3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.5 75 -25 1.7 -4.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.4 80 -30 6.6 +0.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.4 46 4 5.1 -0.9
RXI iShares Global Consumer Discretionary ETF 2.4 41 9 8.2 +2.2
IOO iShares Global 100 ETF 2.4 41 9 3.8 -2.1
GII SPDR S&P Global Infrastructure ETF 2.4 40 10 4.3 -1.6
IGF iShares Global Infrastructure ETF 2.4 41 9 4.3 -1.7
IGRO iShares International Dividend Growth ETF 2.4 15 35 6.7 +0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 2.4 9 41 4.4 -1.6
LOUP Innovator Deepwater Frontier Tech ETF 2.4 70 -20 0.8 -5.1
IDLV Invesco S&P International Developed Low Volatility ETF 2.3 25 25 6.4 +0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 13 7.1 +1.2
TTAI FCF International Quality ETF 2.3 59 -9 6.8 +0.8
ICPY Tweedy, Browne International Insider Value ETF 2.3 80 -30 21.4 +15.5
QWLD SPDR MSCI World StrategicFactors ETF 2.3 30 20 5.2 -0.8
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 40 5.0 -1.0
IQDF FlexShares International Quality Dividend Index Fund 2.2 47 3 7.5 +1.6
NXTG First Trust Indxx NextG ETF 2.2 70 -20 3.4 -2.5
TOK iShares MSCI Kokusai ETF 2.1 26 24 4.3 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.1 47 3 7.2 +1.2
HAP VanEck Natural Resources ETF 2.1 50 0 6.9 +0.9
MOO VanEck Agribusiness ETF 2.1 53 -3 9.3 +3.4
KROP Global X AgTech & Food Innovation ETF 2.1 50 0 6.9 +0.9
IDNA iShares Genomics Immunology and Healthcare ETF 2.1 47 3 -0.3 -6.2
DWLD Davis Select Worldwide ETF 2.1 63 -13 6.8 +0.8
FRGN Horizon International Equity ETF 2.0 75 -25 7.7 +1.8
URTH iShares MSCI World ETF 2.0 24 26 4.3 -1.6
CZAR Themes Natural Monopoly ETF 2.0 35 15 5.4 -0.5
BINV Brandes International ETF 2.0 70 -20 8.6 +2.6
HART IQ Healthy Hearts ETF 2.0 45 5 5.8 -0.1
DFIS Dimensional International Small Cap ETF 1.9 39 11 6.1 +0.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.9 25 25 5.4 -0.6
FEOE First Eagle Overseas Equity ETF 1.9 79 -29 6.2 +0.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.9 75 -25 6.1 +0.1
VIDI Vident International Equity Strategy ETF 1.9 61 -11 8.1 +2.2
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -30 14.8 +8.9
VCLN Virtus Duff & Phelps Clean Energy ETF 1.8 59 -9 2.3 -3.7
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.8 60 -10 3.4 -2.5
IDRV iShares Self-driving EV & Tech ETF 1.8 47 3 1.3 -4.7
DEW WisdomTree Global High Dividend Fund 1.8 58 -8 7.2 +1.3
FRNW Fidelity Clean Energy ETF 1.8 39 11 1.8 -4.2
ACWI iShares MSCI ACWI ETF 1.8 32 18 4.6 -1.3
IQRA IQ CBRE Real Assets ETF 1.7 65 -15 5.9 -0.1
CARZ First Trust NASDAQ Global Auto Index Fund 1.7 70 -20 2.2 -3.7
QTUM Defiance Quantum ETF 1.7 40 10 3.5 -2.5
FEGE First Eagle Global Equity ETF 1.7 79 -29 6.0 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.6 9 41 4.9 -1.1
CGGO Capital Group Global Growth Equity ETF 1.6 47 3 4.0 -2.0
DIM WisdomTree International MidCap Dividend Fund 1.6 58 -8 6.3 +0.4
VT Vanguard Total World Stock ETF 1.6 6 44 5.0 -1.0
RGEF Rockefeller Global Equity ETF 1.6 55 -5 3.8 -2.1
GINN Goldman Sachs Innovate Equity ETF 1.6 52 -2 3.7 -2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 30 4.7 -1.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 -22 2.2 -3.8
WDNA WisdomTree BioRevolution Fund 1.5 45 5 -2.2 -8.2
IBLC iShares Blockchain and Tech ETF 1.4 47 3 -1.2 -7.2
GINX SGI Enhanced Global Income ETF 1.4 98 -48 6.7 +0.7
IPAV Global X Infrastructure Development ex-U.S. ETF 1.4 55 -5 5.8 -0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 1.4 42 8 4.0 -1.9
IXJ iShares Global Healthcare ETF 1.4 42 8 6.3 +0.3
FDTX Fidelity Disruptive Technology ETF 1.4 50 0 1.5 -4.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -15 1.4 -4.6
KNCT Invesco Next Gen Connectivity ETF 1.3 40 10 2.9 -3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 1 4.5 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -10 7.7 +1.8
ISCF iShares International SmallCap Equity Factor ETF 1.3 23 27 7.3 +1.3
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 5 4.4 -1.6
IXN iShares Global Tech ETF 1.2 41 9 2.6 -3.4
FPAG FPA Global Equity ETF 1.2 49 1 5.8 -0.2
IQM Franklin Intelligent Machines ETF 1.1 50 0 1.1 -4.9
AGQI First Trust Active Global Quality Income ETF 1.1 85 -35 6.4 +0.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -11 1.5 -4.4
GLOF iShares Global Equity Factor ETF 1.0 20 30 5.6 -0.4
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 10.1 +4.1
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -15 24.7 +18.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 38 4.4 -1.5
OGIG ALPS O'Shares Global Internet Giants ETF 0.9 48 2 2.5 -3.4
WDIV SPDR S&P Global Dividend ETF 0.9 40 10 9.0 +3.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.9 65 -15 4.1 -1.9
DISV Dimensional International Small Cap Value ETF 0.9 42 8 8.1 +2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.9 20 30 5.7 -0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 40 8.6 +2.6
IFGL iShares International Developed Real Estate ETF 0.9 48 2 7.4 +1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 38 8.7 +2.7
ERET iShares Environmentally Aware Real Estate ETF 0.9 30 20 6.8 +0.8
JDOC JPMorgan Healthcare Leaders ETF 0.8 65 -15 3.5 -2.5
ISHP First Trust Nasdaq Retail ETF 0.8 60 -10 5.5 -0.5
PCGG Polen Capital Global Growth ETF 0.8 85 -35 3.9 -2.0
KXI iShares Global Consumer Staples ETF 0.8 41 9 5.3 -0.7
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -39 4.3 -1.7
FDHT Fidelity Digital Health ETF 0.7 39 11 1.7 -4.2
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.7 68 -18 2.4 -3.5
MDEV First Trust Indxx Medical Devices ETF 0.7 70 -20 5.0 -1.0
IBUY Amplify Online Retail ETF 0.7 65 -15 2.3 -3.7
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 35 5.7 -0.2
TMFG Motley Fool Global Opportunities ETF 0.6 85 -35 3.7 -2.2
GKAT Scharf Global Opportunity ETF 0.6 57 -7 5.7 -0.2
ARB AltShares Merger Arbitrage ETF 0.6 77 -27 2.6 -3.3
DWX SPDR S&P International Dividend ETF 0.6 45 5 6.8 +0.8
GLBL Pacer MSCI World Industry Advantage ETF 0.6 65 -15 3.4 -2.6
TCAI Tortoise AI Infrastructure ETF 0.5 65 -15 1.2 -4.8
SUPL ProShares Supply Chain Logistics ETF 0.5 58 -8 7.3 +1.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.8 +0.9
AQLT iShares MSCI Global Quality Factor ETF 0.5 18 32 0.0 -6.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.1 +0.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 12 3.8 -2.1
DRNZ REX Drone ETF 0.4 65 -15 -1.7 -7.6
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -15 4.9 -1.1
AGNG Global X Aging Population ETF 0.4 50 0 4.4 -1.6
APIE ActivePassive International Equity ETF 0.4 45 5 6.4 +0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -36 13.4 +7.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -36 0.3 -5.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.4 60 -10 9.0 +3.1
OND ProShares On-Demand ETF 0.4 58 -8 0.5 -5.5
HELX Franklin Genomic Advancements ETF 0.4 50 0 -1.4 -7.3
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.5 -3.5
AIRL Themes Airlines ETF 0.3 35 15 1.6 -4.3
JETS U.S. Global Jets ETF 0.3 60 -10 2.5 -3.5
BAI iShares AI Innovation and Tech Active ETF 0.3 55 -5 0.9 -5.1
JEDI Defiance Drone and Modern Warfare ETF 0.3 69 -19 0.9 -5.0
FINE Themes European Luxury ETF 0.3 35 15 3.7 -2.2
EFAS Global X MSCI SuperDividend EAFE ETF 0.2 57 -7 7.4 +1.5
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -10 4.5 -1.5
DTEC ALPS Disruptive Technologies ETF 0.2 50 0 3.6 -2.3
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -10 0.3 -5.7
TOGA Tremblant Global ETF 0.2 69 -19 -0.2 -6.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -10 2.3 -3.7
RVRB Reverb ETF 0.1 30 20 3.8 -2.2
WSGE Warren Street Global Equity ETF 0.0 80 -30 2.8 -3.1
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -15 0.0 -6.0

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 Germany 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 12.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 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.