SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.4x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Emerging SmallCap ETF objective is to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date May 12, 2008
Assets (mns) $673
Currency USD
Expense ratio 65 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1342
Wgt avg mkt cap (mns) $595
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 9.9%
Small cap (<$2bn) 87.8%
Developed mkts 8.0%
Emerging mkts 92.0%

TOP TEN HOLDINGS
GLOBAL X HEALTHTECH ETF 25.8 %
INFRACAP EQUITY INCOME FUND ETF 1.9 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.9 %
LANDMARK OPTOELECTRONICS CORP. 0.8 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.8 %
KINSUS INTERCONNECT TECH 0.6 %
MACRONIX INTERNATIONAL 0.6 %
WINWAY TECHNOLOGY CO LTD 0.5 %
CLOCKWISE CORE EQUITY & INNOVATION 0.5 %
Total 33.2 %

TOP COUNTRY EXPOSURE
TAIWAN 22.2 %
INDIA 6.3 %
CHINA 4.1 %
MALAYSIA 3.0 %
SOUTH AFRICA 2.8 %
BRAZIL 2.7 %
THAILAND 2.1 %
SAUDI ARABIA 1.8 %
TURKEY 1.5 %
HONG KONG 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.7% 13.6% 6.9% 8.7% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 53%
MSCI EAFE 0.86 58%
MSCI Emg. Mkts. 0.62 77%

Technical Indicators
Recent close $72.39
30d moving avg. $70.49
Annualized volatility 12.3%
Short interest (ETF) 3.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 345 potential alternatives to the SPDR S&P Emerging Markets Small Cap ETF ETF based on the alternatives' overlap in portfolio holdings with EWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWX Expense: 65 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWX
Ticker Fund
Name		 Overlap1
vs EWX
(%)		 Expense
ratio
(bp)		 Savings
vs EWX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWX
(%)
EEMS iShares MSCI Emerging Markets Small Cap ETF 26.9 70 -5 6.4 -0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 17.3 58 7 8.4 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.7 59 6 8.4 +1.8
XCNY SPDR S&P Emerging Markets ex-China ETF 12.4 15 50 5.6 -1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.8 8 57 6.3 -0.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 9.9 53 12 5.0 -1.6
AVES Avantis Emerging Markets Value ETF 9.0 36 29 9.0 +2.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.3 38 27 6.9 +0.3
DFEV Dimensional Emerging Markets Value ETF 8.2 43 22 9.1 +2.5
DEM WisdomTree Emerging Markets High Dividend Fund 7.9 63 2 9.9 +3.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 7.7 33 32 6.0 -0.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 7.4 80 -15 12.0 +5.5
AVSE Avantis Responsible Emerging Markets Equity ETF 7.3 33 32 6.6 0.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 5.9 41 24 6.9 +0.3
AVEM Avantis Emerging Markets Equity ETF 4.7 33 32 7.0 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 4.5 7 58 9.4 +2.8
SMIN iShares MSCI India Small Cap ETF 4.5 79 -14 3.3 -3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.4 90 -25 3.4 -3.1
VWO Vanguard FTSE Emerging Markets ETF 4.4 7 58 9.1 +2.6
DFAE Dimensional Emerging Core Equity Market ETF 4.3 35 30 6.9 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 3.5 9 56 8.1 +1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.4 12 53 8.8 +2.3
GMF SPDR S&P Emerging Asia Pacific ETF 3.3 49 16 8.6 +2.0
ECNS iShares MSCI China Small-Cap ETF 2.9 59 6 10.1 +3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 35 6.3 -0.3
EPI WisdomTree India Earnings Fund 2.6 85 -20 5.3 -1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.3 10 55 8.8 +2.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 21 9.2 +2.6
BRF VanEck Brazil Small-Cap ETF 2.2 66 -1 11.4 +4.9
EWZS iShares MSCI Brazil Small-Cap ETF 2.1 59 6 11.8 +5.2
EYLD Cambria Emerging Shareholder Yield ETF 1.9 66 -1 8.5 +1.9
GXC SPDR S & P China ETF 1.8 59 6 19.8 +13.2
DVYE iShares Emerging Markets Dividend ETF 1.7 49 16 16.7 +10.2
THD iShares MSCI Thailand ETF 1.6 58 7 0.0 -6.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -15 8.5 +2.0
MINV Matthews Asia Innovators Active ETF 1.4 79 -14 5.8 -0.8
VSGX Vanguard ESG International Stock ETF 1.4 10 55 6.5 -0.1
EDIV SPDR S&P Emerging Markets Dividend ETF 1.3 49 16 9.0 +2.4
KSA iShares MSCI Saudi Arabia ETF 1.2 74 -9 0.0 -6.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 15 7.9 +1.4
SDIV Global X Superdividend ETF 1.2 58 7 13.7 +7.2
VXUS Vanguard Total International Stock ETF 1.2 5 60 6.5 -0.1
FLTW Franklin FTSE Taiwan ETF 1.2 19 46 3.2 -3.4
VIDI Vident International Equity Strategy ETF 1.1 61 4 7.9 +1.4
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 26 7.1 +0.5
TUR iShares MSCI Turkey ETF 1.1 58 7 13.2 +6.6
DFGR Dimensional Global Real Estate ETF 1.0 22 43 7.2 +0.6
IXUS iShares Core MSCI Total International Stock ETF 1.0 7 58 6.5 -0.1
AVRE Avantis Real Estate ETF 1.0 17 48 7.1 +0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.0 60 5 9.4 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 56 4.8 -1.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 20 9.5 +2.9
EWW iShares MSCI Mexico ETF 0.9 50 15 8.6 +2.0
VEXC Vanguard Emerging Markets Ex-China ETF 0.8 7 58 5.6 -1.0
XC WisdomTree Emerging Markets Ex-China Fund 0.8 32 33 6.5 -0.1
REET iShares Global REIT ETF 0.8 14 51 7.1 +0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 26 7.9 +1.3
JIVE JPMorgan International Value ETF 0.8 55 10 7.8 +1.3
FLLA Franklin FTSE Latin America ETF 0.8 19 46 10.3 +3.7
SCHE Schwab Emerging Markets Equity ETF 0.7 11 54 9.4 +2.8
GREK Global X MSCI Greece ETF 0.7 57 8 7.9 +1.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 18 5.2 -1.4
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 40 10.3 +3.7
UAE iShares MSCI UAE ETF 0.6 59 6 0.0 -6.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 33 7.5 +1.0
BLDG Cambria Global Real Estate ETF 0.5 60 5 11.1 +4.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 32 6.7 +0.1
CGV Conductor Global Equity Value ETF 0.5 130 -65 7.6 +1.1
EIDO iShares MSCI Indonesia ETF 0.5 59 6 10.6 +4.0
IDX VanEck Indonesia Index ETF 0.5 57 8 9.3 +2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -30 9.5 +2.9
FLBR Franklin FTSE Brazil ETF 0.5 19 46 11.2 +4.6
AIS VistaShares Artificial Intelligence Supercycle ETF 0.5 75 -10 1.0 -5.6
WSGE Warren Street Global Equity ETF 0.4 80 -15 2.9 -3.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 16 13.0 +6.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 36 8.7 +2.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 33 15.4 +8.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 46 7.1 +0.5
ECH iShares MSCI Chile ETF 0.4 58 7 7.6 +1.0
FLSA Franklin FTSE Saudi Arabia ETF 0.4 39 26 0.0 -6.6
FRGN Horizon International Equity ETF 0.4 75 -10 7.7 +1.2
BOAT SonicShares Global Shipping ETF 0.4 69 -4 17.2 +10.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 26 13.1 +6.6
PBD Invesco Global Clean Energy ETF 0.4 75 -10 0.4 -6.2
DEEP Roundhill Acquirers Deep Value ETF 0.4 80 -15 15.0 +8.4
VT Vanguard Total World Stock ETF 0.4 6 59 5.0 -1.6
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -5 6.7 +0.1
CUT Invesco MSCI Global Timber ETF 0.4 61 4 8.2 +1.6
CGW Invesco S&P Global Water Index ETF 0.4 57 8 4.6 -1.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -14 7.0 +0.4
QAT iShares MSCI Qatar ETF 0.3 59 6 53.5 +47.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.3 70 -5 9.4 +2.8
ICLN iShares Global Clean Energy ETF 0.3 41 24 2.1 -4.5
PGJ Invesco Golden Dragon China ETF 0.3 70 -5 17.4 +10.8
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.4 -3.2
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 6 7.3 +0.7
IBAT iShares Energy Storage & Materials ETF 0.3 47 18 1.7 -4.9
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 3.5 -3.1
FLMX Franklin FTSE Mexico ETF 0.3 19 46 9.0 +2.5
IPKW Invesco International BuyBack Achievers ETF 0.3 55 10 7.8 +1.2
CTEC Global X CleanTech ETF 0.3 50 15 0.0 -6.6
GINN Goldman Sachs Innovate Equity ETF 0.3 52 13 3.7 -2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -15 8.8 +2.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 4.8 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 50 8.9 +2.3
FLCH Franklin FTSE China ETF 0.2 19 46 19.1 +12.5
MEM Matthews Emerging Markets Equity Active ETF 0.2 79 -14 8.6 +2.0
AQWA Global X Clean Water ETF 0.2 50 15 5.3 -1.3
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 40 8.8 +2.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 3.7 -2.9
DWX SPDR S&P International Dividend ETF 0.2 45 20 6.7 +0.1
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 6.5 -0.1
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.3 +0.7
TAN Invesco Solar ETF 0.2 67 -2 5.5 -1.1
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 4.5 -2.1
GLIN VanEck India Growth Leaders ETF 0.2 77 -12 5.6 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 7.9 +1.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 26 7.8 +1.2
SGDJ Sprott Junior Gold Miners ETF 0.2 50 15 2.0 -4.6
DGIN VanEck Digital India ETF 0.2 71 -6 1.4 -5.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 42 7.2 +0.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 26 6.6 +0.0
AUAU Global X Gold Miners ETF 0.2 35 30 2.4 -4.2
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 15 6.4 -0.1
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 6.7 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 6.6 +0.0
SCHY Schwab International Dividend Equity ETF 0.2 14 51 8.4 +1.9
FLIN Franklin FTSE India ETF 0.2 19 46 4.3 -2.3
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 5.9 -0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 19 7.3 +0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 5.9 -0.6
RING iShares MSCI Global Gold Miners ETF 0.2 39 26 3.1 -3.5
KGRN KraneShares MSCI China Clean Technology Index ETF 0.2 79 -14 4.1 -2.5
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 7.7 +1.1
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -6.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 18 5.0 -1.6
AFK VanEck Africa Index ETF 0.1 98 -33 10.4 +3.8
PIO Invesco Global Water ETF 0.1 75 -10 4.7 -1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.5 +1.0
AGNG Global X Aging Population ETF 0.1 50 15 4.3 -2.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 6.1 -0.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 7.4 +0.8
SVAL iShares US Small Cap Value Factor ETF 0.1 20 45 6.9 +0.3
COLO Global X MSCI Colombia ETF 0.1 62 3 12.8 +6.2
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 3.6 -3.0
SPEU SPDR Portfolio Europe ETF 0.1 7 58 6.5 -0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 4.0 -2.6
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.3 -0.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 6.0 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 24.1 +17.6
OTGL OTG Latin America ETF 0.1 269 -204 7.5 +0.9
EPOL iShares MSCI Poland ETF 0.1 59 6 8.0 +1.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 45 0.9 -5.7
GVAL Cambria Global Value ETF 0.1 68 -3 8.0 +1.4
FINX Global X FinTech ETF 0.1 68 -3 2.9 -3.6
AVDV Avantis International Small Cap Value ETF 0.1 36 29 7.5 +0.9
APIE ActivePassive International Equity ETF 0.1 45 20 6.4 -0.2
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 7.3 +0.7
FPAG FPA Global Equity ETF 0.1 49 16 5.7 -0.9
BRAZ Global X Brazil Active ETF 0.1 75 -10 9.6 +3.0
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 8.5 +2.0
GOEX Global X Gold Explorers ETF 0.1 65 0 1.9 -4.7
GDXJ VanEck Junior Gold Miners ETF 0.1 52 13 2.7 -3.9
SOCL Global X Social Media ETF 0.1 65 0 13.9 +7.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 6.8 +0.2
RECS Columbia Research Enhanced Core ETF 0.1 15 50 5.3 -1.3
GXPC Global X PureCap MSCI Communication Services ETF 0.1 25 40 4.2 -2.4
DAK Dakota Active Equity ETF 0.1 43 22 3.8 -2.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 10 6.0 -0.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 30 1.1 -5.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 6.4 -0.2
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 6.1 -0.5
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 7.8 +1.3
DIV Global X SuperDividend US ETF 0.1 45 20 9.5 +3.0
PXJ Invesco Oil & Gas Services ETF 0.1 63 2 2.5 -4.1
SLX VanEck Steel ETF 0.1 56 9 10.0 +3.4
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.5 +1.9
MOO VanEck Agribusiness ETF 0.1 53 12 8.4 +1.8
IGRO iShares International Dividend Growth ETF 0.1 15 50 6.6 +0.0
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 1.8 -4.8
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 11.1 +4.5
INQQ India Internet & Ecommerce ETF 0.1 86 -21 0.5 -6.1
IWN iShares Russell 2000 Value ETF 0.1 24 41 4.6 -2.0
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 4.8 -1.8
PSC Principal U.S. Small-Cap ETF 0.1 38 27 3.6 -3.0
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 5.7 -0.9
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.1 45 20 0.0 -6.6
SNSR Global X Internet of Things ETF 0.1 68 -3 3.6 -3.0
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 6.3 -0.3
OAIM OneAscent International Equity ETF 0.1 95 -30 4.4 -2.2
DWM WisdomTree International Equity Fund 0.1 48 17 5.6 -1.0
SMCF Themes US Small Cap Cash Flow Champions ETF 0.1 29 36 9.6 +3.0
CLNR IQ Cleaner Transport ETF 0.1 45 20 4.0 -2.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 6.4 -0.2
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 5.3 -1.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 8.8 +2.2
COPX Global X Copper Miners ETF 0.1 65 0 4.0 -2.6
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 10.7 +4.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -24 4.4 -2.2
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 4.9 -1.7
IPAC iShares Core MSCI Pacific ETF 0.1 9 56 5.3 -1.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -0.7 -7.3
IWC iShares Micro-Cap ETF 0.1 60 5 -1.3 -7.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 39 5.6 -1.0
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.4 -3.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.1 70 -5 2.5 -4.1
FAN First Trust Global Wind Energy ETF 0.1 60 5 3.0 -3.6
NERD Roundhill Video Games ETF 0.1 50 15 7.5 +1.0
HERO Global X Video Games & Esports ETF 0.1 50 15 5.8 -0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.1 72 -7 2.6 -4.0
ARTY iShares Future AI & Tech ETF 0.1 47 18 2.4 -4.2
WRND IQ Global Equity R&D Leaders ETF 0.1 18 47 4.1 -2.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.4 -1.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 3.5 -3.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 5.7 -0.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 2.1 -4.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -21 0.2 -6.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -21 13.8 +7.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 6.2 -0.4
IBLC iShares Blockchain and Tech ETF 0.0 47 18 -1.3 -7.9
EPU iShares MSCI Peru and Global Exposure ETF 0.0 59 6 4.2 -2.3
DTH WisdomTree International High Dividend Fund 0.0 58 7 7.0 +0.5
BKCH Global X Blockchain ETF 0.0 50 15 -3.1 -9.7
BWEB Bitwise Web3 ETF 0.0 85 -20 -0.1 -6.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.0 70 -5 4.2 -2.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 5.0 -1.6
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.1 -2.5
VPL Vanguard FTSE Pacific ETF 0.0 7 58 5.0 -1.5
RSSL Global X Russell 2000 ETF 0.0 8 57 2.7 -3.9
MCH Matthews China Active ETF 0.0 79 -14 15.3 +8.7
ROAM Hartford Multifactor Emerging Markets ETF 0.0 44 21 7.3 +0.8
IWM iShares Russell 2000 ETF 0.0 19 46 2.6 -4.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -3.4 -10.0
RCGE RockCreek Global Equality ETF 0.0 95 -30 6.0 -0.6
VTWO Vanguard Russell 2000 ETF 0.0 7 58 2.8 -3.8
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 3.3 -3.3
BITQ Bitwise Crypto Industry Innovators ETF 0.0 85 -20 -2.2 -8.8
STCE Schwab Crypto Thematic ETF 0.0 30 35 2.7 -3.9
TBLU Tortoise Global Water ESG ETF 0.0 40 25 4.7 -1.8
DAPP VanEck Digital Transformation ETF 0.0 50 15 0.0 -6.6
PBW Invesco WilderHill Clean Energy ETF 0.0 66 -1 -3.3 -9.9
KROP Global X AgTech & Food Innovation ETF 0.0 50 15 6.1 -0.5
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 3.5 -3.1
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 6 1.8 -4.8
IDRV iShares Self-driving EV & Tech ETF 0.0 47 18 1.5 -5.1
EV Mast Global Battery Recycling & Production ETF 0.0 65 0 6.4 -0.2
WSML iShares MSCI World Small-Cap ETF 0.0 15 50 5.4 -1.2
SETM Sprott Energy Transition Materials ETF 0.0 65 0 1.8 -4.8
CQQQ Invesco China Technology ETF 0.0 70 -5 17.8 +11.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 28 6.9 +0.3
FYLD Cambria Foreign Shareholder Yield ETF 0.0 59 6 9.6 +3.0
DFIS Dimensional International Small Cap ETF 0.0 39 26 6.0 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.1 -0.5
DISV Dimensional International Small Cap Value ETF 0.0 42 23 7.7 +1.1
FRNW Fidelity Clean Energy ETF 0.0 39 26 2.1 -4.5
GII SPDR S&P Global Infrastructure ETF 0.0 40 25 4.5 -2.1
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 -0.4 -7.0
BUG Global X Cybersecurity ETF 0.0 51 14 2.2 -4.4
FITE State Street SPDR S&P Kensho Future Security ETF 0.0 45 20 1.1 -5.5
EMIF iShares Emerging Markets Infrastructure ETF 0.0 60 5 2.9 -3.7
SPAM Themes Cybersecurity ETF 0.0 35 30 1.9 -4.7
IGF iShares Global Infrastructure ETF 0.0 41 24 4.5 -2.1
SBIO ALPS Medical Breakthroughs ETF 0.0 50 15 0.0 -6.6
IBBQ Invesco Nasdaq Biotechnology ETF 0.0 19 46 0.2 -6.3
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.0 45 20 -1.5 -8.1
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 3.4 -3.2
SFGV Sequoia Global Value ETF 0.0 23 42 7.0 +0.4
IBB iShares Biotechnology ETF 0.0 45 20 -0.5 -7.1
FDHT Fidelity Digital Health ETF 0.0 39 26 1.8 -4.8
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 40 4.5 -2.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 6.0 -0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 6.2 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 26 2.2 -4.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 5.8 -0.7
DRNZ REX Drone ETF 0.0 65 0 -1.9 -8.5
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -6.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 40 6.2 -0.4
EBI Longview Advantage ETF 0.0 35 30 5.8 -0.7
DXIV Dimensional International Vector Equity ETF 0.0 34 31 6.4 -0.2
SMMD iShares Russell 2500 ETF 0.0 15 50 5.5 -1.0
EBIZ Global X E-Commerce ETF 0.0 50 15 5.0 -1.6
BLES Inspire Global Hope ETF 0.0 61 4 5.7 -0.9
WWJD Inspire International ETF 0.0 80 -15 6.1 -0.5
VERS ProShares Metaverse ETF 0.0 58 7 0.4 -6.2
NIKL Sprott Nickel Miners ETF 0.0 75 -10 8.4 +1.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 4.6 -2.0
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 6.1 -0.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 4.7 -1.9
FESM Fidelity Enhanced Small Cap ETF 0.0 28 37 2.2 -4.4
AWAY ETFMG Travel Tech ETF 0.0 76 -11 1.1 -5.5
DEW WisdomTree Global High Dividend Fund 0.0 58 7 7.0 +0.4
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 4.9 -1.7
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 5.9 -0.7
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.9 -0.7
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.6 -0.0
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -3.2 -9.8
BOTT Themes Robotics & Automation ETF 0.0 35 30 -5.0 -11.6
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -1.2 -7.8
MNRS Grayscale Bitcoin Miners ETF 0.0 59 6 -2.4 -8.9
DXUV Dimensional US Vector Equity ETF 0.0 28 37 5.2 -1.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.0 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 5.9 -0.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.3 -2.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 5.9 -0.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 4.7 -1.9
NATO Themes Transatlantic Defense ETF 0.0 35 30 2.0 -4.6
SCHF Schwab International Equity ETF 0.0 6 59 5.8 -0.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.0 65 0 4.8 -1.8
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.1 -2.5
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.2 -2.4
IWV iShares Russell 3000 ETF 0.0 20 45 4.0 -2.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.0 -0.6
XT iShares Exponential Technologies ETF 0.0 46 19 4.0 -2.6
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.6 -0.0
AVUS Avantis U.S. Equity ETF 0.0 15 50 4.7 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 4.6 -2.0
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 12.7 +6.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 8.0 +1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 5.8 -0.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.6 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 23 4.2 -2.4
AVIV Avantis International Large Cap Value ETF 0.0 25 40 6.7 +0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 9.9 +3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 5.1 -1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.4 +0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 7.9 +1.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 7.4 +0.8
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 9.6 +3.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 5.6 -1.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.0 -1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.5 -2.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.5 +0.9
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.8 +1.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.3 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 4.6 -2.0
AVDE Avantis International Equity ETF 0.0 23 42 6.1 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 4.7 -1.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -4 7.7 +1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.0 -3.6
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.4 -0.2
GLOF iShares Global Equity Factor ETF 0.0 20 45 5.5 -1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.8 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.0 -0.6
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 5.2 -1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 7.4 +0.8

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:		 SPDR S&P Emerging Markets Small Cap 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 9.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.53
 
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.