SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.7x 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) $725
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 1341
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 21.8 %
INFRACAP EQUITY INCOME FUND ETF 1.7 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.7 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.7 %
MACRONIX INTERNATIONAL 0.7 %
WINWAY TECHNOLOGY CO LTD 0.6 %
CLOCKWISE CORE EQUITY & INNOVATION 0.6 %
KINSUS INTERCONNECT TECH 0.6 %
LANDMARK OPTOELECTRONICS CORP. 0.5 %
Total 28.9 %

TOP COUNTRY EXPOSURE
TAIWAN 22.3 %
INDIA 6.0 %
CHINA 4.2 %
MALAYSIA 3.0 %
SOUTH AFRICA 2.7 %
BRAZIL 2.6 %
THAILAND 2.0 %
SAUDI ARABIA 1.8 %
TURKEY 1.6 %
HONG KONG 1.4 %

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.
14.1% 29.8% 7.7% 10.0% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.86 48%
MSCI EAFE 0.75 58%
MSCI Emg. Mkts. 0.65 76%

Technical Indicators
Recent close $73.24
30d moving avg. $73.89
Annualized volatility 12.3%
Short interest (ETF) 3.3%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 343 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™: 6.4%


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
(%)
AVEE Avantis Emerging Markets Small Cap Equity ETF 26.4 42 23 7.4 +1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 16.9 58 7 8.1 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.5 59 6 8.1 +1.7
XCNY SPDR S&P Emerging Markets ex-China ETF 12.2 15 50 5.6 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 12.1 8 57 6.2 -0.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 10.6 53 12 4.8 -1.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.9 38 27 6.7 +0.3
DFEV Dimensional Emerging Markets Value ETF 8.8 43 22 9.0 +2.6
AVES Avantis Emerging Markets Value ETF 8.0 36 29 8.7 +2.3
DEM WisdomTree Emerging Markets High Dividend Fund 7.9 63 2 10.0 +3.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 7.3 80 -15 11.8 +5.5
AVSE Avantis Responsible Emerging Markets Equity ETF 7.0 33 32 6.4 +0.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 6.7 33 32 5.8 -0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.5 41 24 6.6 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 4.5 7 58 9.3 +2.9
SMIN iShares MSCI India Small Cap ETF 4.5 79 -14 3.5 -2.9
VWO Vanguard FTSE Emerging Markets ETF 4.5 7 58 9.0 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 4.4 35 30 6.7 +0.3
AVEM Avantis Emerging Markets Equity ETF 4.4 33 32 6.7 +0.4
IEMG iShares Core MSCI Emerging Markets ETF 3.5 9 56 7.9 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 3.5 49 16 8.5 +2.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.4 12 53 8.5 +2.1
ECNS iShares MSCI China Small-Cap ETF 3.2 59 6 9.1 +2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.0 30 35 6.2 -0.1
EPI WisdomTree India Earnings Fund 2.8 85 -20 5.2 -1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.2 10 55 8.4 +2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.2 44 21 9.4 +3.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.2 59 6 11.6 +5.2
BRF VanEck Brazil Small-Cap ETF 2.1 66 -1 11.1 +4.7
GXC SPDR S & P China ETF 1.8 59 6 18.6 +12.3
EYLD Cambria Emerging Shareholder Yield ETF 1.8 66 -1 8.8 +2.4
EDIV SPDR S&P Emerging Markets Dividend ETF 1.7 49 16 8.8 +2.5
DVYE iShares Emerging Markets Dividend ETF 1.6 49 16 17.5 +11.2
THD iShares MSCI Thailand ETF 1.5 58 7 0.0 -6.4
VSGX Vanguard ESG International Stock ETF 1.5 10 55 6.4 +0.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -15 8.7 +2.4
VXUS Vanguard Total International Stock ETF 1.2 5 60 6.5 +0.1
KSA iShares MSCI Saudi Arabia ETF 1.2 74 -9 0.0 -6.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 15 7.9 +1.5
VIDI Vident International Equity Strategy ETF 1.1 61 4 7.9 +1.5
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 26 7.8 +1.4
TUR iShares MSCI Turkey ETF 1.1 58 7 13.0 +6.7
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 58 6.4 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 56 4.8 -1.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -25 3.6 -2.8
SDIV Global X Superdividend ETF 1.0 58 7 13.6 +7.2
AVRE Avantis Real Estate ETF 1.0 17 48 6.7 +0.4
DFGR Dimensional Global Real Estate ETF 1.0 22 43 6.9 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 33 6.5 +0.1
VEXC Vanguard Emerging Markets Ex-China ETF 0.9 7 58 5.6 -0.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 20 9.5 +3.1
MINV Matthews Asia Innovators Active ETF 0.9 79 -14 4.8 -1.5
FLLA Franklin FTSE Latin America ETF 0.8 19 46 10.6 +4.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 26 7.7 +1.4
FLTW Franklin FTSE Taiwan ETF 0.8 19 46 3.2 -3.1
EWW iShares MSCI Mexico ETF 0.8 50 15 8.1 +1.8
SCHE Schwab Emerging Markets Equity ETF 0.8 11 54 9.3 +3.0
REET iShares Global REIT ETF 0.8 14 51 6.8 +0.5
EIDO iShares MSCI Indonesia ETF 0.7 59 6 11.1 +4.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 18 5.1 -1.3
JIVE JPMorgan International Value ETF 0.7 55 10 8.2 +1.8
CGW Invesco S&P Global Water Index ETF 0.6 57 8 4.6 -1.7
GREK Global X MSCI Greece ETF 0.6 57 8 8.9 +2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 16 13.2 +6.9
FLBR Franklin FTSE Brazil ETF 0.6 19 46 12.0 +5.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 33 7.1 +0.7
PBD Invesco Global Clean Energy ETF 0.5 75 -10 0.2 -6.2
UAE iShares MSCI UAE ETF 0.5 59 6 0.0 -6.4
IDX VanEck Indonesia Index ETF 0.5 57 8 10.3 +3.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 32 6.4 +0.1
AIS VistaShares Artificial Intelligence Supercycle ETF 0.5 75 -10 0.8 -5.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -30 9.7 +3.4
ICLN iShares Global Clean Energy ETF 0.4 41 24 1.7 -4.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 26 13.5 +7.1
WSGE Warren Street Global Equity ETF 0.4 80 -15 2.8 -3.5
BLDG Cambria Global Real Estate ETF 0.4 60 5 10.8 +4.4
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 40 9.9 +3.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 33 13.7 +7.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 7.4 +1.1
VT Vanguard Total World Stock ETF 0.4 6 59 5.0 -1.4
PGJ Invesco Golden Dragon China ETF 0.4 70 -5 15.4 +9.1
FLSA Franklin FTSE Saudi Arabia ETF 0.4 39 26 0.0 -6.4
FRGN Horizon International Equity ETF 0.4 75 -10 7.6 +1.2
CGV Conductor Global Equity Value ETF 0.4 130 -65 7.5 +1.2
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -5 7.3 +0.9
ECH iShares MSCI Chile ETF 0.4 58 7 7.3 +0.9
CUT Invesco MSCI Global Timber ETF 0.4 61 4 8.6 +2.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 46 6.8 +0.5
QAT iShares MSCI Qatar ETF 0.3 59 6 45.2 +38.9
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 42 7.2 +0.8
CTEC Global X CleanTech ETF 0.3 50 15 -0.1 -6.4
DEEP Roundhill Acquirers Deep Value ETF 0.3 80 -15 15.1 +8.8
BOAT SonicShares Global Shipping ETF 0.3 69 -4 20.9 +14.5
FLCH Franklin FTSE China ETF 0.3 19 46 18.0 +11.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -15 8.8 +2.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.3 60 5 8.9 +2.5
FLMX Franklin FTSE Mexico ETF 0.3 19 46 8.6 +2.2
IBAT iShares Energy Storage & Materials ETF 0.3 47 18 1.5 -4.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 2.9 -3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 50 8.8 +2.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 7 3.3 -3.0
TAN Invesco Solar ETF 0.2 67 -2 3.9 -2.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 4.5 -1.9
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 3 3.0 -3.3
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 4.5 -1.8
AQWA Global X Clean Water ETF 0.2 50 15 5.0 -1.3
FLIN Franklin FTSE India ETF 0.2 19 46 4.2 -2.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 26 6.7 +0.3
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.0 +1.7
PIN Invesco India ETF 0.2 78 -13 4.8 -1.5
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 6.6 +0.2
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 6.6 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 6.6 +0.2
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 6.8 +0.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 45 0.8 -5.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.2 79 -14 3.4 -2.9
SGDJ Sprott Junior Gold Miners ETF 0.2 50 15 2.4 -3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 6.0 -0.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 7.9 +1.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 19 7.8 +1.5
GLIN VanEck India Growth Leaders ETF 0.2 77 -12 5.4 -1.0
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 3.7 -2.6
DGIN VanEck Digital India ETF 0.2 71 -6 1.5 -4.8
SCHY Schwab International Dividend Equity ETF 0.2 14 51 8.3 +1.9
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 8.1 +1.7
RING iShares MSCI Global Gold Miners ETF 0.2 39 26 3.8 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 54 7.6 +1.2
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -6.4
AGNG Global X Aging Population ETF 0.1 50 15 4.3 -2.0
AFK VanEck Africa Index ETF 0.1 98 -33 11.0 +4.7
AVDS Avantis International Small Cap Equity ETF 0.1 30 35 6.0 -0.3
APIE ActivePassive International Equity ETF 0.1 45 20 6.3 -0.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 4.9 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.3 +1.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 30 0.9 -5.5
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.6 -2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 8.5 +2.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 6.0 -0.3
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 3.6 -2.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.1 70 -5 9.4 +3.0
AUAU Global X Gold Miners ETF 0.1 35 30 2.9 -3.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 3.9 -2.5
SPEU SPDR Portfolio Europe ETF 0.1 7 58 6.3 -0.0
PIO Invesco Global Water ETF 0.1 75 -10 4.5 -1.9
FINX Global X FinTech ETF 0.1 68 -3 3.1 -3.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 5.9 -0.4
SVAL iShares US Small Cap Value Factor ETF 0.1 20 45 7.1 +0.7
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.4 +0.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 7.4 +1.1
GVAL Cambria Global Value ETF 0.1 68 -3 8.7 +2.3
GDXJ VanEck Junior Gold Miners ETF 0.1 52 13 3.2 -3.1
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.1 45 20 -0.1 -6.4
IGRO iShares International Dividend Growth ETF 0.1 15 50 6.7 +0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 10 5.6 -0.7
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 7.7 +1.4
BRAZ Global X Brazil Active ETF 0.1 75 -10 10.7 +4.3
FPAG FPA Global Equity ETF 0.1 49 16 5.8 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 26 8.1 +1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.4 +0.1
RECS Columbia Research Enhanced Core ETF 0.1 15 50 5.3 -1.0
DAK Dakota Active Equity ETF 0.1 43 22 3.7 -2.6
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 6.1 -0.3
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 8.8 +2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 6.9 +0.5
AVDV Avantis International Small Cap Value ETF 0.1 36 29 7.7 +1.4
SOCL Global X Social Media ETF 0.1 65 0 12.5 +6.2
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 1.6 -4.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1 29 36 8.7 +2.3
MOO VanEck Agribusiness ETF 0.1 53 12 9.3 +2.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.1 69 -4 1.9 -4.5
GOEX Global X Gold Explorers ETF 0.1 65 0 2.5 -3.9
COLO Global X MSCI Colombia ETF 0.1 62 3 15.1 +8.7
PSC Principal U.S. Small-Cap ETF 0.1 38 27 3.6 -2.8
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.4 +2.1
INQQ India Internet & Ecommerce ETF 0.1 86 -21 0.7 -5.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 7.3 +0.9
SNSR Global X Internet of Things ETF 0.1 68 -3 3.2 -3.2
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 5.6 -0.8
SLX VanEck Steel ETF 0.1 56 9 9.9 +3.5
FYLD Cambria Foreign Shareholder Yield ETF 0.1 59 6 10.0 +3.6
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 5.2 -1.1
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 4.3 -2.1
DIV Global X SuperDividend US ETF 0.1 45 20 9.7 +3.3
OTGL OTG Latin America ETF 0.1 269 -204 7.6 +1.3
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -10 5.5 -0.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 6.2 -0.1
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 9.3 +2.9
SMCF Themes US Small Cap Cash Flow Champions ETF 0.1 29 36 9.7 +3.4
HERO Global X Video Games & Esports ETF 0.1 50 15 6.2 -0.2
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -24 4.2 -2.1
NERD Roundhill Video Games ETF 0.1 50 15 8.1 +1.8
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 9.4 +3.1
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.1 +0.8
FAN First Trust Global Wind Energy ETF 0.1 60 5 2.8 -3.6
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 11.6 +5.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 2.2 -4.1
IWN iShares Russell 2000 Value ETF 0.1 24 41 4.7 -1.7
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 4.8 -1.6
OAIM OneAscent International Equity ETF 0.1 95 -30 4.4 -1.9
ARTY iShares Future AI & Tech ETF 0.1 47 18 2.3 -4.0
IPAC iShares Core MSCI Pacific ETF 0.1 9 56 5.4 -0.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.0 -1.3
COPX Global X Copper Miners ETF 0.1 65 0 4.2 -2.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 18 2.7 -3.6
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 5.4 -0.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 39 5.4 -0.9
WISE Themes Generative Artificial Intelligence ETF 0.1 35 30 -0.4 -6.7
CLNR IQ Cleaner Transport ETF 0.1 45 20 3.9 -2.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 4 1.5 -4.8
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -2.7 -9.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -0.7 -7.1
WRND IQ Global Equity R&D Leaders ETF 0.1 18 47 4.0 -2.4
IDRV iShares Self-driving EV & Tech ETF 0.0 47 18 1.3 -5.1
EV Mast Global Battery Recycling & Production ETF 0.0 65 0 6.3 -0.0
EPOL iShares MSCI Poland ETF 0.0 59 6 8.7 +2.4
FRNW Fidelity Clean Energy ETF 0.0 39 26 1.8 -4.6
WSML iShares MSCI World Small-Cap ETF 0.0 15 50 5.2 -1.1
TBLU Tortoise Global Water ESG ETF 0.0 40 25 4.6 -1.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -21 13.4 +7.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -21 0.3 -6.0
ROAM Hartford Multifactor Emerging Markets ETF 0.0 44 21 7.3 +1.0
RCGE RockCreek Global Equality ETF 0.0 95 -30 6.0 -0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.0 72 -7 2.1 -4.2
BKCH Global X Blockchain ETF 0.0 50 15 -2.7 -9.0
IBLC iShares Blockchain and Tech ETF 0.0 47 18 -1.2 -7.5
MCH Matthews China Active ETF 0.0 79 -14 14.5 +8.2
BWEB Bitwise Web3 ETF 0.0 85 -20 -0.1 -6.5
IWC iShares Micro-Cap ETF 0.0 60 5 -1.4 -7.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 4.8 -1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 36 6.0 -0.4
VPL Vanguard FTSE Pacific ETF 0.0 7 58 5.0 -1.3
DWM WisdomTree International Equity Fund 0.0 48 17 5.6 -0.8
EPU iShares MSCI Peru and Global Exposure ETF 0.0 59 6 4.4 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.1 -0.2
RSSL Global X Russell 2000 ETF 0.0 8 57 2.6 -3.7
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.0 45 20 -1.4 -7.7
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 3.9 -2.4
DFIS Dimensional International Small Cap ETF 0.0 39 26 6.1 -0.3
CQQQ Invesco China Technology ETF 0.0 70 -5 15.0 +8.6
IWM iShares Russell 2000 ETF 0.0 19 46 2.5 -3.8
KROP Global X AgTech & Food Innovation ETF 0.0 50 15 6.9 +0.6
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 15 6.2 -0.2
EMC Global X Emerging Markets Great Consumer ETF 0.0 75 -10 6.8 +0.4
BITQ Bitwise Crypto Industry Innovators ETF 0.0 85 -20 -2.1 -8.4
DAPP VanEck Digital Transformation ETF 0.0 50 15 0.0 -6.4
STCE Schwab Crypto Thematic ETF 0.0 30 35 2.3 -4.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 3.2 -3.2
DTH WisdomTree International High Dividend Fund 0.0 58 7 7.2 +0.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 28 7.0 +0.6
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 3.3 -3.0
SFGV Sequoia Global Value ETF 0.0 23 42 7.0 +0.7
BUG Global X Cybersecurity ETF 0.0 51 14 2.6 -3.8
FITE State Street SPDR S&P Kensho Future Security ETF 0.0 45 20 1.0 -5.4
DISV Dimensional International Small Cap Value ETF 0.0 42 23 8.0 +1.7
SPAM Themes Cybersecurity ETF 0.0 35 30 2.1 -4.3
VTWO Vanguard Russell 2000 ETF 0.0 7 58 2.7 -3.7
SETM Sprott Energy Transition Materials ETF 0.0 65 0 1.7 -4.7
EMIF iShares Emerging Markets Infrastructure ETF 0.0 60 5 2.9 -3.5
GII SPDR S&P Global Infrastructure ETF 0.0 40 25 4.3 -2.1
IGF iShares Global Infrastructure ETF 0.0 41 24 4.2 -2.2
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 2.7 -3.6
DRNZ REX Drone ETF 0.0 65 0 -1.7 -8.0
FDHT Fidelity Digital Health ETF 0.0 39 26 1.7 -4.6
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 6 1.9 -4.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 6.7 +0.4
IBB iShares Biotechnology ETF 0.0 45 20 -0.5 -6.8
DXIV Dimensional International Vector Equity ETF 0.0 34 31 6.5 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 5.6 -0.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 5.8 -0.6
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 4.8 -1.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 5.9 -0.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 3.4 -2.9
EBI Longview Advantage ETF 0.0 35 30 5.9 -0.5
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -6.4
EBIZ Global X E-Commerce ETF 0.0 50 15 4.9 -1.5
SMMD iShares Russell 2500 ETF 0.0 15 50 5.3 -1.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -3.6 -9.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 6.1 -0.2
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.3 +0.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 4.6 -1.8
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.5 -5.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 6.0 -0.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 4.6 -1.7
AVIV Avantis International Large Cap Value ETF 0.0 25 40 6.9 +0.6
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 40 4.5 -1.8
DEW WisdomTree Global High Dividend Fund 0.0 58 7 7.1 +0.8
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 40 5.9 -0.4
NIKL Sprott Nickel Miners ETF 0.0 75 -10 8.8 +2.5
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.9 -0.4
BOTT Themes Robotics & Automation ETF 0.0 35 30 -4.1 -10.4
BLES Inspire Global Hope ETF 0.0 61 4 5.7 -0.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 0.6 -5.7
WWJD Inspire International ETF 0.0 80 -15 6.3 -0.1
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.4 +0.1
AWAY ETFMG Travel Tech ETF 0.0 76 -11 1.1 -5.3
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -2.4 -8.8
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -1.2 -7.5
MNRS Grayscale Bitcoin Miners ETF 0.0 59 6 -2.0 -8.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.0 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 5.9 -0.4
DXUV Dimensional US Vector Equity ETF 0.0 28 37 5.2 -1.2
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.3 -2.1
XT iShares Exponential Technologies ETF 0.0 46 19 3.8 -2.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 5.9 -0.4
SCHF Schwab International Equity ETF 0.0 6 59 5.8 -0.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 4.6 -1.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.0 65 0 4.5 -1.9
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.1 -2.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.1 -0.3
IWV iShares Russell 3000 ETF 0.0 20 45 4.0 -2.4
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.1 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.6 +0.2
GLOF iShares Global Equity Factor ETF 0.0 20 45 5.5 -0.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.6 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.2 -0.2
AVDE Avantis International Equity ETF 0.0 23 42 6.2 -0.2
AVUS Avantis U.S. Equity ETF 0.0 15 50 4.7 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 4.7 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.3 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 5.9 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 6.9 +0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 4.6 -1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 23 3.9 -2.4
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.5 +1.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.2 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 7.6 +1.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 4.8 -1.6
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.4 +0.1
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.0 +3.7
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 5.0 -1.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -4 7.1 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 7.2 +0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 5.0 -1.4
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 12.3 +6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.4 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 5.9 -0.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 2.9 -3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 7.4 +1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 4.4 -1.9
XCEM Columbia EM Core ex-China ETF 0.0 16 49 4.7 -1.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 5.6 -0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 7.7 +1.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 9.8 +3.4

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 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.4 %
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.