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) $1,560
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 12.4 %
ALLIANZ SE-REG 10.0 %
SAP AG 9.0 %
SIEMENS ENERGY AG 7.2 %
DEUTSCHE TELEKOM AG 5.6 %
INFINEON TECHNOLOGIES AG 5.1 %
MUENCHENER RUECKVER AG-REG 4.1 %
DEUTSCHE BANK AG-REGISTERED 3.4 %
RHEINMETALL AG 2.9 %
DEUTSCHE BOERSE AG 2.9 %
Total 62.4 %

TOP COUNTRY EXPOSURE
GERMANY 97.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.7% -0.3% 6.3% 8.1% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.03 52%
MSCI EAFE 1.03 83%
MSCI Emg. Mkts. 0.55 51%

Technical Indicators
Recent close $41.94
30d moving avg. $41.36
Annualized volatility 18.9%
Short interest (ETF) 8.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1,028
Turnover 2.8%
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 +0.2
FGM First Trust Germany AlphaDEX Fund 33.6 80 -30 5.1 -0.9
JIVE JPMorgan International Value ETF 33.1 55 -5 8.2 +2.1
FEZ SPDR EURO STOXX 50 ETF 27.7 29 21 5.8 -0.3
EZU iShares MSCI Eurozone ETF 24.2 52 -2 5.7 -0.4
HEZU iShares Currency Hedged MSCI Eurozone ETF 24.1 53 -3 5.5 -0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.9 45 5 5.5 -0.5
HEDJ WisdomTree Europe Hedged Equity Fund 19.7 58 -8 6.0 -0.0
DTAN Sparkline International Intangible Value ETF 16.7 55 -5 7.0 +1.0
OSEA Harbor International Compounders ETF 13.7 55 -5 4.4 -1.7
BBEU JPMorgan BetaBuilders Europe ETF 12.9 9 41 6.2 +0.2
IEV iShares Europe ETF 12.8 67 -17 5.9 -0.2
FLEE Franklin FTSE Europe ETF 12.7 9 41 6.3 +0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.6 25 25 6.3 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.3 46 4 5.3 -0.7
MOTO SmartETFs Smart Transportation & Technology ETF 12.3 68 -18 5.9 -0.1
EUFN iShares MSCI Europe Financials ETF 12.2 51 -1 6.6 +0.6
IEUR iShares Core MSCI Europe ETF 11.8 11 39 6.4 +0.3
CLNR IQ Cleaner Transport ETF 11.6 45 5 4.0 -2.1
VGK Vanguard FTSE Europe ETF 11.6 6 44 6.5 +0.5
OCEN IQ Clean Oceans ETF 11.4 45 5 4.6 -1.4
SPEU SPDR Portfolio Europe ETF 11.2 7 43 6.5 +0.4
IVLU iShares MSCI Intl Value Factor ETF 10.4 30 20 8.0 +2.0
JIRE JPMorgan International Research Enhanced Equity ETF 10.4 24 26 5.8 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 9.6 80 -30 6.6 +0.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.6 58 -8 9.1 +3.1
SHPP Pacer Industrials and Logistics ETF 9.5 60 -10 6.6 +0.6
JHMD John Hancock Multifactor Developed International ETF 9.4 39 11 6.2 +0.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 9.3 79 -29 3.7 -2.3
INEQ Columbia International Equity Income ETF 9.3 45 5 7.7 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 8.9 20 30 5.6 -0.4
FIVA Fidelity International Value Factor ETF 8.8 18 32 7.2 +1.2
EFG iShares MSCI EAFE Growth ETF 8.7 36 14 3.9 -2.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.6 35 15 5.7 -0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 8.6 70 -20 4.2 -1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.5 58 -8 6.3 +0.3
EFA iShares MSCI EAFE ETF 8.4 35 15 5.8 -0.3
HEFA iShares Currency Hedged MSCI EAFE ETF 8.4 35 15 5.7 -0.4
STXI Strive International Developed Markets ETF 8.3 29 21 6.3 +0.3
EFV iShares MSCI EAFE Value ETF 8.2 34 16 7.4 +1.4
ESGD iShares ESG Aware MSCI EAFE ETF 8.2 20 30 5.8 -0.3
FENI Fidelity Enhanced International ETF 8.1 28 22 5.8 -0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 8.0 9 41 7.4 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.0 36 14 5.2 -0.9
GSID Goldman Sachs MarketBeta International Equity ETF 7.7 20 30 5.8 -0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 7.7 31 19 5.5 -0.6
DFIV Dimensional International Value ETF 7.7 27 23 7.7 +1.6
IVSI Applied Finance IVS International Large ETF 7.7 65 -15 5.8 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.6 25 25 6.1 +0.1
DIHP Dimensional International High Profitability ETF 7.5 29 21 5.8 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 7.4 9 41 6.6 +0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.4 65 -15 7.5 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 7.4 12 38 5.0 -1.1
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.3 48 2 4.7 -1.3
IQDG WisdomTree International Quality Dividend Growth Fund 7.3 42 8 5.7 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.3 58 -8 5.3 -0.8
IEFA iShares Core MSCI EAFE ETF 7.2 7 43 6.1 +0.0
IDMO Invesco S&P International Developed Momentum ETF 7.2 25 25 5.3 -0.7
CGIE Capital Group International Equity ETF 7.2 54 -4 4.7 -1.4
IDHQ Invesco S&P International Developed High Quality ETF 7.1 29 21 5.0 -1.0
HFXI IQ FTSE International Equity Currency Neutral ETF 7.1 20 30 5.7 -0.3
PATN Pacer Nasdaq International Patent Leaders ETF 7.0 65 -15 4.4 -1.6
BKIE BNY Mellon International Equity ETF 7.0 4 46 17.9 +11.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.0 30 20 6.0 -0.1
MOTI VanEck Morningstar International Moat ETF 6.9 58 -8 9.7 +3.7
GCOW Pacer Global Cash Cows Dividend ETF 6.9 60 -10 9.1 +3.0
IQSI IQ Candriam International Equity ETF 6.9 15 35 5.6 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 6.8 25 25 7.4 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 6.8 45 5 6.8 +0.8
AVIV Avantis International Large Cap Value ETF 6.7 25 25 6.9 +0.9
FEP First Trust Europe AlphaDEX Fund 6.6 80 -30 6.9 +0.9
UMMA Wahed Dow Jones Islamic World ETF 6.4 65 -15 3.8 -2.2
IQLT iShares MSCI Intl Quality Factor ETF 6.3 30 20 5.5 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 6.3 4 46 6.0 0.0
DFSI Dimensional International Sustainability Core 1 ETF 6.3 24 26 5.7 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 6.3 50 0 9.2 +3.1
DFAI Dimensional International Core Equity Market ETF 6.3 18 32 6.0 0.0
DOL WisdomTree International LargeCap Dividend Fund 6.2 48 2 5.7 -0.4
SCHF Schwab International Equity ETF 6.1 6 44 6.0 -0.0
DFIC Dimensional International Core Equity 2 ETF 6.1 23 27 6.3 +0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.0 47 3 5.0 -1.0
QINT American Century Quality Diversified International ETF 6.0 39 11 6.6 +0.6
UIVM VictoryShares International Value Momentum ETF 6.0 35 15 8.0 +1.9
JHID John Hancock International High Dividend ETF 6.0 46 4 7.8 +1.8
INTF iShares International Equity Factor ETF 5.8 15 35 6.5 +0.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 5.8 20 30 5.7 -0.4
FTAG First Trust Indxx Global Agriculture ETF 5.7 70 -20 7.0 +1.0
VEA Vanguard FTSE Developed Markets ETF 5.7 3 47 6.0 0.0
AVDE Avantis International Equity ETF 5.7 23 27 6.3 +0.2
AVSD Avantis Responsible International Equity ETF 5.7 23 27 5.9 -0.1
DWMF WisdomTree International Multifactor Fund 5.6 38 12 7.0 +0.9
BKCI BNY Mellon Concentrated International ETF 5.6 80 -30 4.9 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 5.6 3 47 6.0 -0.1
WRND IQ Global Equity R&D Leaders ETF 5.6 18 32 4.3 -1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.5 12 38 5.3 -0.7
WWJD Inspire International ETF 5.5 80 -30 6.3 +0.3
FPXI First Trust International Equity Opportunities ETF 5.4 70 -20 4.3 -1.7
PRNT 3D Printing ETF 5.4 66 -16 1.3 -4.8
FDD First Trust Stoxx European Select Dividend Index Fund 5.4 58 -8 9.6 +3.6
CIL VictoryShares International Volatility Wtd ETF 5.4 45 5 5.9 -0.2
DXIV Dimensional International Vector Equity ETF 5.3 34 16 6.6 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 5.2 83 -33 7.5 +1.5
JIG JPMorgan International Growth ETF 5.2 55 -5 3.9 -2.2
DWM WisdomTree International Equity Fund 5.2 48 2 5.6 -0.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 5.1 39 11 1.1 -4.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.1 80 -30 5.2 -0.8
VIGI Vanguard International Dividend Appreciation ETF 5.1 10 40 5.9 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.0 40 10 5.6 -0.4
CWI SPDR MSCI ACWI ex-US ETF 5.0 30 20 6.6 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 5.0 34 16 6.5 +0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 4.8 55 -5 5.7 -0.4
PIEL Pacer International Export Leaders ETF 4.8 60 -10 4.2 -1.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.8 58 -8 3.9 -2.1
EXI iShares Global Industrials ETF 4.7 42 8 3.7 -2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 4.7 34 16 5.2 -0.9
LVHI Franklin International Low Volatility High Dividend Index ET 4.7 40 10 7.2 +1.2
FIDI Fidelity International High Dividend ETF 4.6 18 32 7.0 +0.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.6 18 32 6.5 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 4.6 4 46 6.9 +0.8
SCHY Schwab International Dividend Equity ETF 4.6 14 36 8.2 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.5 41 9 6.0 0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.5 39 11 7.0 +1.0
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -25 4.5 -1.5
AIVI WisdomTree International AI Enhanced Value Fund 4.4 58 -8 6.2 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.4 14 36 5.3 -0.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.3 65 -15 7.9 +1.9
IXUS iShares Core MSCI Total International Stock ETF 4.3 7 43 6.8 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 4.3 30 20 4.9 -1.2
VSGX Vanguard ESG International Stock ETF 4.3 10 40 6.8 +0.7
VXUS Vanguard Total International Stock ETF 4.2 5 45 6.8 +0.7
ROBO ROBO Global Robotics & Automation Index ETF 4.2 95 -45 2.6 -3.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.1 32 18 5.2 -0.8
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 1 4.8 -1.2
JXI iShares Global Utilities ETF 4.1 43 7 5.2 -0.8
VYMI Vanguard International High Dividend Yield ETF 3.9 17 33 7.8 +1.8
FICS First Trust International Developed Capital Strength ETF 3.9 70 -20 6.6 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.9 30 20 6.6 +0.6
FAN First Trust Global Wind Energy ETF 3.9 60 -10 3.1 -3.0
CLOD Themes Cloud Computing ETF 3.8 35 15 3.2 -2.8
DINT Davis Select International ETF 3.8 55 -5 6.0 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.8 29 21 7.0 +0.9
NATO Themes Transatlantic Defense ETF 3.7 35 15 1.8 -4.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.7 22 28 5.5 -0.5
IDV iShares International Select Dividend ETF 3.7 51 -1 9.1 +3.1
DTH WisdomTree International High Dividend Fund 3.6 58 -8 7.2 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.5 39 11 6.3 +0.3
DGT State Street SPDR Global Dow ETF 3.5 50 0 5.7 -0.4
TPIF Timothy Plan International ETF 3.5 62 -12 5.6 -0.4
FBOT Fidelity Disruptive Automation ETF 3.4 50 0 3.1 -2.9
MOTG VanEck Morningstar Global Wide Moat ETF 3.4 52 -2 7.8 +1.8
GSIB Themes Global Systemically Important Banks ETF 3.4 35 15 7.7 +1.7
LOUP Innovator Deepwater Frontier Tech ETF 3.3 70 -20 1.0 -5.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -30 4.0 -2.0
CGXU Capital Group International Focus Equity ETF 3.3 54 -4 4.0 -2.0
SHLD Global X Defense Tech ETF 3.2 50 0 3.2 -2.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 0 5.6 -0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.1 56 -6 9.4 +3.4
NETZ TCW Transform Systems ETF 3.1 75 -25 1.4 -4.6
XT iShares Exponential Technologies ETF 3.1 46 4 4.1 -1.9
DRIV Global X Autonomous & Electric Vehicles ETF 3.1 68 -18 3.7 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 3.0 59 -9 2.9 -3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.0 75 -25 2.1 -3.9
KNO AXS Knowledge Leaders ETF 3.0 78 -28 4.1 -2.0
RCGE RockCreek Global Equality ETF 2.9 95 -45 5.8 -0.3
AIQ Global X Artificial Intelligence & Technology ETF 2.9 68 -18 3.1 -2.9
POW VistaShares Electrification Supercycle ETF 2.9 75 -25 2.6 -3.4
MXI iShares Global Materials ETF 2.9 41 9 6.2 +0.2
BCDF Horizon Kinetics Blockchain Development ETF 2.9 85 -35 3.8 -2.3
KBWR Invesco KBW Regional Banking ETF 2.9 35 15 8.4 +2.3
GEW Cambria Global EW ETF 2.8 29 21 5.4 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 8 4.2 -1.9
IXG iShares Global Financials ETF 2.8 42 8 5.9 -0.2
IXP iShares Global Comm Services ETF 2.8 42 8 6.0 -0.1
IBAT iShares Energy Storage & Materials ETF 2.8 47 3 1.9 -4.1
HAP VanEck Natural Resources ETF 2.8 50 0 6.9 +0.8
KROP Global X AgTech & Food Innovation ETF 2.8 50 0 6.6 +0.5
IDNA iShares Genomics Immunology and Healthcare ETF 2.8 47 3 -0.3 -6.3
MOO VanEck Agribusiness ETF 2.8 53 -3 8.7 +2.7
DIVS SmartETFs Dividend Builder ETF 2.8 65 -15 4.3 -1.8
BLES Inspire Global Hope ETF 2.8 61 -11 5.7 -0.3
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -35 2.8 -3.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.7 24 26 6.9 +0.9
FDEV Fidelity International Multifactor ETF 2.7 18 32 7.1 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.7 46 4 5.1 -0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 2.7 70 -20 6.9 +0.9
GII SPDR S&P Global Infrastructure ETF 2.5 40 10 4.3 -1.8
IOO iShares Global 100 ETF 2.5 41 9 4.0 -2.1
IGF iShares Global Infrastructure ETF 2.5 41 9 4.3 -1.8
IGRO iShares International Dividend Growth ETF 2.5 15 35 6.5 +0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 2.4 37 13 7.1 +1.0
ICPY Tweedy, Browne International Insider Value ETF 2.4 80 -30 20.5 +14.5
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 -5 6.4 +0.3
RXI iShares Global Consumer Discretionary ETF 2.4 41 9 8.4 +2.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -30 7.3 +1.3
TTAI FCF International Quality ETF 2.3 59 -9 6.9 +0.9
DWLD Davis Select Worldwide ETF 2.3 63 -13 6.7 +0.6
WUGI AXS Esoterica NextG Economy ETF 2.3 75 -25 1.8 -4.2
FRGN Horizon International Equity ETF 2.2 75 -25 8.1 +2.1
KOKU Xtrackers MSCI Kokusai Equity ETF 2.2 9 41 4.5 -1.6
QWLD SPDR MSCI World StrategicFactors ETF 2.2 30 20 5.1 -0.9
TOK iShares MSCI Kokusai ETF 2.2 26 24 4.4 -1.7
KLMT Invesco MSCI Global Climate 500 ETF 2.2 10 40 5.0 -1.0
DFIS Dimensional International Small Cap ETF 2.1 39 11 6.3 +0.2
VIDI Vident International Equity Strategy ETF 2.1 61 -11 8.5 +2.5
IQDF FlexShares International Quality Dividend Index Fund 2.1 47 3 7.6 +1.6
HART IQ Healthy Hearts ETF 2.1 45 5 5.9 -0.1
FEOE First Eagle Overseas Equity ETF 2.1 79 -29 6.0 -0.0
HUMN Roundhill Humanoid Robotics ETF 2.1 75 -25 1.6 -4.5
URTH iShares MSCI World ETF 2.0 24 26 4.4 -1.6
CARZ First Trust NASDAQ Global Auto Index Fund 2.0 70 -20 2.7 -3.3
CZAR Themes Natural Monopoly ETF 2.0 35 15 5.2 -0.8
COPY Tweedy, Browne Insider + Value ETF 1.9 80 -30 14.2 +8.1
IDLV Invesco S&P International Developed Low Volatility ETF 1.9 25 25 6.1 +0.1
ACWI iShares MSCI ACWI ETF 1.8 32 18 4.8 -1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 3 7.4 +1.4
DIM WisdomTree International MidCap Dividend Fund 1.8 58 -8 6.3 +0.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.8 60 -10 3.4 -2.7
FRNW Fidelity Clean Energy ETF 1.7 39 11 2.1 -3.9
CGGO Capital Group Global Growth Equity ETF 1.7 47 3 4.3 -1.8
FPAG FPA Global Equity ETF 1.7 49 1 5.6 -0.4
IDRV iShares Self-driving EV & Tech ETF 1.7 47 3 1.5 -4.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.7 25 25 5.4 -0.6
IQRA IQ CBRE Real Assets ETF 1.7 65 -15 5.7 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.6 9 41 5.0 -1.1
FEGE First Eagle Global Equity ETF 1.6 79 -29 6.0 -0.1
NXTG First Trust Indxx NextG ETF 1.6 70 -20 3.8 -2.3
VT Vanguard Total World Stock ETF 1.6 6 44 5.1 -0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.6 20 30 4.9 -1.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -15 1.5 -4.6
IBLC iShares Blockchain and Tech ETF 1.6 47 3 -1.4 -7.4
IXJ iShares Global Healthcare ETF 1.5 42 8 6.0 -0.1
RGEF Rockefeller Global Equity ETF 1.5 55 -5 4.0 -2.1
GINN Goldman Sachs Innovate Equity ETF 1.5 52 -2 3.8 -2.3
GINX SGI Enhanced Global Income ETF 1.5 98 -48 6.5 +0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 -22 2.6 -3.4
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -10 7.7 +1.6
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 6.9 +0.9
CGDG Capital Group Dividend Growers ETF 1.4 47 3 5.1 -0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.4 55 -5 6.2 +0.1
TCAI Tortoise AI Infrastructure ETF 1.3 65 -15 1.7 -4.4
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 1 4.6 -1.4
ISCF iShares International SmallCap Equity Factor ETF 1.3 23 27 7.4 +1.4
WDNA WisdomTree BioRevolution Fund 1.3 45 5 -2.0 -8.1
AGQI First Trust Active Global Quality Income ETF 1.3 85 -35 6.4 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 1.3 42 8 4.1 -1.9
DISV Dimensional International Small Cap Value ETF 1.2 42 8 8.2 +2.1
JGLO JPMorgan Global Select Equity ETF 1.2 33 17 4.4 -1.7
BINV Brandes International ETF 1.2 70 -20 8.2 +2.1
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 5 4.4 -1.7
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -15 24.7 +18.7
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 8.8 +2.8
QTUM Defiance Quantum ETF 1.0 40 10 4.2 -1.8
IXN iShares Global Tech ETF 1.0 41 9 3.0 -3.1
FDTX Fidelity Disruptive Technology ETF 1.0 50 0 1.9 -4.2
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 2 2.6 -3.5
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 -9 10.1 +4.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 38 4.6 -1.5
IFGL iShares International Developed Real Estate ETF 0.9 48 2 7.2 +1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 40 8.4 +2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 38 8.4 +2.4
AGIX KraneShares Artificial Intelligence and Technology ETF 0.9 99 -49 1.3 -4.7
GLOF iShares Global Equity Factor ETF 0.9 20 30 5.7 -0.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.9 65 -15 4.4 -1.7
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 20 6.6 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 35 5.7 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.8 20 30 5.6 -0.4
KXI iShares Global Consumer Staples ETF 0.8 41 9 5.2 -0.9
PCGG Polen Capital Global Growth ETF 0.8 85 -35 4.1 -1.9
IQM Franklin Intelligent Machines ETF 0.8 50 0 1.4 -4.6
KNCT Invesco Next Gen Connectivity ETF 0.8 40 10 3.3 -2.8
ISHP First Trust Nasdaq Retail ETF 0.8 60 -10 5.2 -0.8
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -39 4.4 -1.7
IBUY Amplify Online Retail ETF 0.7 65 -15 2.1 -3.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.7 68 -18 2.2 -3.9
MDEV First Trust Indxx Medical Devices ETF 0.7 70 -20 4.7 -1.3
FDHT Fidelity Digital Health ETF 0.7 39 11 1.8 -4.3
GKAT Scharf Global Opportunity ETF 0.7 57 -7 6.0 -0.1
TMFG Motley Fool Global Opportunities ETF 0.7 85 -35 3.8 -2.3
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 1 7.5 +1.4
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -15 3.5 -2.6
DWX SPDR S&P International Dividend ETF 0.7 45 5 6.6 +0.5
JDOC JPMorgan Healthcare Leaders ETF 0.6 65 -15 3.3 -2.8
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -8 7.5 +1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.2 +0.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 11 6.9 +0.9
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -15 4.7 -1.4
AGNG Global X Aging Population ETF 0.5 50 0 4.1 -2.0
AQLT iShares MSCI Global Quality Factor ETF 0.5 18 32 0.0 -6.0
DRNZ REX Drone ETF 0.5 65 -15 -2.0 -8.0
APIE ActivePassive International Equity ETF 0.4 45 5 6.4 +0.4
CGV Conductor Global Equity Value ETF 0.4 130 -80 8.1 +2.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.4 60 -10 9.4 +3.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -36 12.9 +6.8
OND ProShares On-Demand ETF 0.4 58 -8 0.5 -5.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -36 0.2 -5.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 12 4.0 -2.1
HELX Franklin Genomic Advancements ETF 0.3 50 0 -1.3 -7.3
JETS U.S. Global Jets ETF 0.3 60 -10 2.3 -3.7
AIRL Themes Airlines ETF 0.3 35 15 1.7 -4.4
JEDI Defiance Drone and Modern Warfare ETF 0.3 69 -19 1.7 -4.3
BUYZ Franklin Disruptive Commerce ETF 0.3 50 0 2.5 -3.6
FINE Themes European Luxury ETF 0.3 35 15 3.7 -2.3
EFAS Global X MSCI SuperDividend EAFE ETF 0.3 57 -7 7.0 +1.0
ARB AltShares Merger Arbitrage ETF 0.2 77 -27 2.7 -3.4
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -10 0.3 -5.7
DTEC ALPS Disruptive Technologies ETF 0.2 50 0 3.6 -2.5
TOGA Tremblant Global ETF 0.2 69 -19 -0.2 -6.2
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -10 4.5 -1.5
RVRB Reverb ETF 0.1 30 20 3.6 -2.4
IGPT Invesco AI and Next Gen Software ETF 0.0 60 -10 2.8 -3.2
WSGE Warren Street Global Equity ETF 0.0 80 -30 2.9 -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 1.8 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.