SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.0x 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) $756
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 1350
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 23.8 %
INFRACAP EQUITY INCOME FUND ETF 1.8 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.8 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.6 %
CLOCKWISE CORE EQUITY & INNOVATION 0.6 %
MACRONIX INTERNATIONAL 0.5 %
ISHARES MSCI INDIA ETF 0.4 %
FLEXSHARES TRUST FLEXSHARES STOXX 0.4 %
PROSHARES S&P GLOBAL CORE BATTERY 0.4 %
Total 30.2 %

TOP COUNTRY EXPOSURE
TAIWAN 17.2 %
INDIA 6.9 %
CHINA 5.3 %
BRAZIL 3.3 %
SOUTH AFRICA 3.2 %
MALAYSIA 2.8 %
SAUDI ARABIA 2.2 %
THAILAND 2.2 %
TURKEY 1.8 %
HONG KONG 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.0% 22.1% 8.7% 9.7% 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.54 45%
MSCI EAFE 0.70 57%
MSCI Emg. Mkts. 0.77 81%

Technical Indicators
Recent close $70.00
30d moving avg. $68.30
Annualized volatility 12.3%
Short interest (ETF) 3.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.5%
Bid/Ask (% of price) 0.19%
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™: 6.5%


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 28.4 42 23 7.4 +0.9
EIDO iShares MSCI Indonesia ETF 24.8 59 6 7.2 +0.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 16.8 58 7 8.0 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.8 59 6 8.3 +1.8
XCNY SPDR S&P Emerging Markets ex-China ETF 11.8 15 50 5.7 -0.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 11.1 53 12 5.3 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 10.7 8 57 6.0 -0.5
AVES Avantis Emerging Markets Value ETF 9.1 36 29 8.5 +2.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.7 38 27 7.0 +0.5
DFEV Dimensional Emerging Markets Value ETF 8.4 43 22 9.7 +3.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.2 33 32 6.3 -0.3
DEM WisdomTree Emerging Markets High Dividend Fund 8.0 63 2 10.5 +4.0
AVSE Avantis Responsible Emerging Markets Equity ETF 7.7 33 32 6.7 +0.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.6 41 24 6.8 +0.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.3 80 -15 11.1 +4.6
SMIN iShares MSCI India Small Cap ETF 5.7 79 -14 3.3 -3.2
IEMG iShares Core MSCI Emerging Markets ETF 5.4 9 56 8.2 +1.6
AVEM Avantis Emerging Markets Equity ETF 5.2 33 32 7.1 +0.6
SPEM SPDR Portfolio Emerging Markets ETF 4.7 7 58 9.2 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 4.6 35 30 7.0 +0.4
ECNS iShares MSCI China Small-Cap ETF 4.4 59 6 7.6 +1.1
VWO Vanguard FTSE Emerging Markets ETF 4.1 7 58 8.9 +2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.7 12 53 7.5 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 3.2 49 16 8.5 +2.0
BRF VanEck Brazil Small-Cap ETF 2.8 66 -1 9.3 +2.8
EPI WisdomTree India Earnings Fund 2.8 85 -20 4.5 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.6 30 35 6.2 -0.4
EWZS iShares MSCI Brazil Small-Cap ETF 2.6 59 6 9.6 +3.1
UAE iShares MSCI UAE ETF 2.5 59 6 0.0 -6.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.5 10 55 7.5 +1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 21 8.8 +2.3
GXC SPDR S & P China ETF 2.1 59 6 16.6 +10.1
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 33 5.7 -0.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 16 8.4 +1.9
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -1 9.1 +2.6
THD iShares MSCI Thailand ETF 1.6 58 7 0.0 -6.5
KSA iShares MSCI Saudi Arabia ETF 1.6 74 -9 0.0 -6.5
TUR iShares MSCI Turkey ETF 1.4 58 7 11.7 +5.2
DVYE iShares Emerging Markets Dividend ETF 1.4 49 16 16.9 +10.3
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 26 7.2 +0.7
VSGX Vanguard ESG International Stock ETF 1.3 10 55 6.4 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 15 8.1 +1.6
VXUS Vanguard Total International Stock ETF 1.1 5 60 6.5 -0.1
FLTW Franklin FTSE Taiwan ETF 1.1 19 46 4.4 -2.2
IGRO iShares International Dividend Growth ETF 1.1 15 50 6.4 -0.1
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 58 6.4 -0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -25 4.0 -2.5
AVRE Avantis Real Estate ETF 1.0 17 48 6.6 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 56 4.9 -1.6
VIDI Vident International Equity Strategy ETF 1.0 61 4 8.1 +1.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.9 47 18 4.5 -2.0
DFGR Dimensional Global Real Estate ETF 0.9 22 43 6.9 +0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 26 7.5 +1.0
VEXC Vanguard Emerging Markets Ex-China ETF 0.9 7 58 5.7 -0.8
FLLA Franklin FTSE Latin America ETF 0.8 19 46 9.6 +3.1
SCHE Schwab Emerging Markets Equity ETF 0.8 11 54 9.2 +2.7
EPOL iShares MSCI Poland ETF 0.8 59 6 9.1 +2.6
REET iShares Global REIT ETF 0.8 14 51 6.8 +0.3
EWW iShares MSCI Mexico ETF 0.7 50 15 7.5 +1.0
IDX VanEck Indonesia Index ETF 0.7 57 8 6.5 -0.0
FLSA Franklin FTSE Saudi Arabia ETF 0.7 39 26 0.0 -6.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 33 7.4 +0.9
CGW Invesco S&P Global Water Index ETF 0.7 57 8 4.0 -2.5
SDIV Global X Superdividend ETF 0.6 58 7 12.8 +6.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 16 13.1 +6.5
PBD Invesco Global Clean Energy ETF 0.6 75 -10 0.3 -6.2
BLDG Cambria Global Real Estate ETF 0.6 60 5 10.8 +4.2
JIVE JPMorgan International Value ETF 0.6 55 10 8.1 +1.6
FLBR Franklin FTSE Brazil ETF 0.6 19 46 10.6 +4.1
GREK Global X MSCI Greece ETF 0.6 57 8 9.1 +2.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -15 8.4 +1.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.6 32 33 12.8 +6.3
WSGE Warren Street Global Equity ETF 0.5 80 -15 2.8 -3.7
PGJ Invesco Golden Dragon China ETF 0.5 70 -5 12.7 +6.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 13.3 +6.8
CUT Invesco MSCI Global Timber ETF 0.5 61 4 7.3 +0.8
CGV Conductor Global Equity Value ETF 0.5 130 -65 6.9 +0.4
ECH iShares MSCI Chile ETF 0.5 58 7 6.6 +0.1
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 42 6.9 +0.3
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 23 6.4 -0.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 6.5 0.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -30 10.1 +3.5
FRGN Horizon International Equity ETF 0.4 75 -10 7.8 +1.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 32 6.8 +0.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 46 7.3 +0.8
ICLN iShares Global Clean Energy ETF 0.4 41 24 1.9 -4.6
VT Vanguard Total World Stock ETF 0.4 6 59 5.1 -1.5
QAT iShares MSCI Qatar ETF 0.4 59 6 38.8 +32.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 7.9 +1.4
FLCH Franklin FTSE China ETF 0.4 19 46 16.0 +9.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 25 5.9 -0.7
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -10 1.7 -4.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 7 3.5 -3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 50 8.8 +2.3
BOAT SonicShares Global Shipping ETF 0.3 69 -4 20.8 +14.3
FLIN Franklin FTSE India ETF 0.3 19 46 3.7 -2.8
TAN Invesco Solar ETF 0.3 67 -2 4.2 -2.3
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.0 -3.6
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.4 -2.1
FLMX Franklin FTSE Mexico ETF 0.3 19 46 7.9 +1.4
AQWA Global X Clean Water ETF 0.3 50 15 4.3 -2.2
CTEC Global X CleanTech ETF 0.3 50 15 -0.0 -6.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 45 0.9 -5.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -14 3.0 -3.5
VGSR Vert Global Sustainable Real Estate ETF 0.3 47 18 6.8 +0.3
PIN Invesco India ETF 0.3 78 -13 4.2 -2.3
AFK VanEck Africa Index ETF 0.3 98 -33 9.2 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 26 6.5 -0.1
RING iShares MSCI Global Gold Miners ETF 0.3 39 26 2.4 -4.1
SGDJ Sprott Junior Gold Miners ETF 0.3 50 15 1.4 -5.2
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 6.7 +0.2
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 10.1 +3.6
DGIN VanEck Digital India ETF 0.2 71 -6 1.3 -5.2
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 4.9 -1.7
IBAT iShares Energy Storage & Materials ETF 0.2 47 18 1.9 -4.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 4.9 -1.6
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 6.2 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 6.5 +0.0
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 5.7 -0.8
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 6.7 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 5.7 -0.8
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 3.8 -2.7
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 7.7 +1.2
FPAG FPA Global Equity ETF 0.2 49 16 5.7 -0.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 54 7.9 +1.4
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -6.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.2 70 -5 8.9 +2.4
SCHY Schwab International Dividend Equity ETF 0.2 14 51 7.8 +1.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 0.9 -5.6
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 10.1 +3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 29 7.6 +1.1
AGNG Global X Aging Population ETF 0.2 50 15 3.9 -2.7
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.2 45 20 -0.0 -6.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -3 3.4 -3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 10 5.4 -1.1
AUAU Global X Gold Miners ETF 0.2 35 30 1.8 -4.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 7.7 +1.2
APIE ActivePassive International Equity ETF 0.2 45 20 6.1 -0.4
SOCL Global X Social Media ETF 0.2 65 0 11.1 +4.6
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 1.8 -4.7
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 4.2 -2.3
GLIN VanEck India Growth Leaders ETF 0.1 77 -12 5.0 -1.6
BRAZ Global X Brazil Active ETF 0.1 75 -10 9.0 +2.5
GOEX Global X Gold Explorers ETF 0.1 65 0 1.3 -5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 7.7 +1.2
PIO Invesco Global Water ETF 0.1 75 -10 3.8 -2.7
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.4 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 6.3 -0.2
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 9.4 +2.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.0 +1.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 7.3 +0.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.0 -2.5
IGF iShares Global Infrastructure ETF 0.1 41 24 4.0 -2.5
WSML iShares MSCI World Small-Cap ETF 0.1 15 50 5.3 -1.2
GVAL Cambria Global Value ETF 0.1 68 -3 8.7 +2.1
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 16.0 +9.5
CLNR IQ Cleaner Transport ETF 0.1 45 20 3.9 -2.7
FRNW Fidelity Clean Energy ETF 0.1 39 26 1.9 -4.6
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 8.2 +1.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 5.9 -0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 4.8 -1.8
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 9.0 +2.5
SPEU SPDR Portfolio Europe ETF 0.1 7 58 6.1 -0.4
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 4.7 -1.8
AVDV Avantis International Small Cap Value ETF 0.1 36 29 7.3 +0.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 4.1 -2.4
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.5 -2.1
INQQ India Internet & Ecommerce ETF 0.1 86 -21 0.5 -6.0
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 2.4 -4.2
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 7.1 +0.6
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 5.7 -0.8
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 9.5 +3.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 8.4 +1.9
RECS Columbia Research Enhanced Core ETF 0.1 15 50 5.3 -1.2
MINV Matthews Asia Innovators Active ETF 0.1 79 -14 6.1 -0.4
DAK Dakota Active Equity ETF 0.1 43 22 3.8 -2.7
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 4.8 -1.7
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 9.8 +3.3
FINX Global X FinTech ETF 0.1 68 -3 2.9 -3.6
TRFM AAM Transformers ETF 0.1 49 16 1.1 -5.4
POW VistaShares Electrification Supercycle ETF 0.1 75 -10 2.3 -4.2
COPX Global X Copper Miners ETF 0.1 65 0 3.5 -3.0
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 4.8 -1.7
PSC Principal U.S. Small-Cap ETF 0.1 38 27 3.7 -2.8
SLX VanEck Steel ETF 0.1 56 9 10.6 +4.1
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 8.9 +2.4
OTGL OTG Latin America ETF 0.1 269 -204 6.8 +0.3
MOO VanEck Agribusiness ETF 0.1 53 12 8.4 +1.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 7.0 +0.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 4 1.5 -5.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.6 +2.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -0.7 -7.2
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.1 -9.6
SNSR Global X Internet of Things ETF 0.1 68 -3 3.9 -2.6
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -10 6.0 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 6.5 0.0
SMCF Themes US Small Cap Cash Flow Champions ETF 0.1 29 36 10.1 +3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1 29 36 8.2 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 6.6 +0.1
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 5.2 -1.3
KAT Scharf ETF 0.1 87 -22 5.8 -0.8
GKAT Scharf Global Opportunity ETF 0.1 57 8 5.5 -1.0
TBLU Tortoise Global Water ESG ETF 0.1 40 25 3.9 -2.6
IPAC iShares Core MSCI Pacific ETF 0.1 9 56 5.3 -1.2
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 1.2 -5.3
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 6.2 -0.3
IWN iShares Russell 2000 Value ETF 0.1 24 41 4.9 -1.6
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 5.1 -1.4
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 18 2.8 -3.7
FAN First Trust Global Wind Energy ETF 0.1 60 5 2.8 -3.7
HERO Global X Video Games & Esports ETF 0.1 50 15 5.3 -1.2
NERD Roundhill Video Games ETF 0.1 50 15 7.1 +0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 4.9 -1.6
WRND IQ Global Equity R&D Leaders ETF 0.1 18 47 4.1 -2.5
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.7 +0.2
BKCH Global X Blockchain ETF 0.1 50 15 -3.2 -9.7
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -1.4 -7.9
BWEB Bitwise Web3 ETF 0.1 85 -20 -0.1 -6.6
COLO Global X MSCI Colombia ETF 0.1 62 3 15.9 +9.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 2.3 -4.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 10.8 +4.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -21 0.1 -6.4
CQQQ Invesco China Technology ETF 0.1 70 -5 14.2 +7.7
DIV Global X SuperDividend US ETF 0.1 45 20 9.4 +2.9
RCGE RockCreek Global Equality ETF 0.1 95 -30 5.8 -0.7
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 -1.5 -8.0
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.4 -8.9
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -6.5
ARTY iShares Future AI & Tech ETF 0.1 47 18 3.2 -3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 -0.9 -7.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.1 -0.4
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 4.9 -1.6
SHLD Global X Defense Tech ETF 0.1 50 15 2.4 -4.1
IWC iShares Micro-Cap ETF 0.0 60 5 -1.4 -7.9
RNRG Global X Renewable Energy Producers ETF 0.0 66 -1 4.3 -2.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 5.6 -0.9
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.2 -2.3
MCH Matthews China Active ETF 0.0 79 -14 14.0 +7.5
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 4 6.3 -0.2
DRNZ REX Drone ETF 0.0 65 0 -1.6 -8.1
EPU iShares MSCI Peru and Global Exposure ETF 0.0 59 6 3.8 -2.7
VPL Vanguard FTSE Pacific ETF 0.0 7 58 5.2 -1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 28 6.7 +0.2
DMAT Global X Disruptive Materials ETF 0.0 59 6 4.5 -2.0
TMAT Main Thematic Innovation ETF 0.0 164 -99 -2.0 -8.5
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 6 1.8 -4.7
IWM iShares Russell 2000 ETF 0.0 19 46 2.7 -3.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 5.0 -1.5
SETM Sprott Energy Transition Materials ETF 0.0 65 0 1.3 -5.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 36 7.5 +1.0
DWM WisdomTree International Equity Fund 0.0 48 17 5.3 -1.2
RSSL Global X Russell 2000 ETF 0.0 8 57 2.8 -3.7
FDHT Fidelity Digital Health ETF 0.0 39 26 1.7 -4.8
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 -0.4 -6.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 5.8 -0.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 5.8 -0.7
DXIV Dimensional International Vector Equity ETF 0.0 34 31 6.3 -0.3
VTWO Vanguard Russell 2000 ETF 0.0 7 58 2.9 -3.6
DFIS Dimensional International Small Cap ETF 0.0 39 26 5.8 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 5.9 -0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 5.4 -1.2
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.7 -0.9
VRAI Virtus Real Asset Income ETF 0.0 55 10 8.6 +2.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 3.5 -3.0
BFOR ALPS Barron's 400 ETF 0.0 65 0 4.8 -1.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 3.5 -3.0
DISV Dimensional International Small Cap Value ETF 0.0 42 23 7.7 +1.2
IBB iShares Biotechnology ETF 0.0 45 20 -0.5 -7.0
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -6.5
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 2.6 -3.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.0 88 -23 7.7 +1.2
EBI Longview Advantage ETF 0.0 35 30 6.0 -0.5
AVDE Avantis International Equity ETF 0.0 23 42 5.9 -0.6
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 5.8 -0.7
DTH WisdomTree International High Dividend Fund 0.0 58 7 7.0 +0.5
SFGV Sequoia Global Value ETF 0.0 23 42 6.9 +0.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 5.8 -0.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 3.6 -2.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 1.7 -4.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.1 -10.6
NIKL Sprott Nickel Miners ETF 0.0 75 -10 5.9 -0.7
EBIZ Global X E-Commerce ETF 0.0 50 15 4.4 -2.2
BLES Inspire Global Hope ETF 0.0 61 4 5.7 -0.9
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.1 +0.5
WWJD Inspire International ETF 0.0 80 -15 6.0 -0.5
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -3.2 -9.7
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -1.3 -7.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 6.3 -0.3
MNRS Grayscale Bitcoin Miners ETF 0.0 59 6 -2.6 -9.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 4.7 -1.8
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.5 -6.0
AVIV Avantis International Large Cap Value ETF 0.0 25 40 6.6 +0.1
DEW WisdomTree Global High Dividend Fund 0.0 58 7 7.1 +0.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.1 -3.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 5.9 -0.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 8.0 +1.5
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 5.1 -1.4
AWAY ETFMG Travel Tech ETF 0.0 76 -11 1.1 -5.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 4.7 -1.9
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 0.7 -5.9
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.2 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 5.8 -0.8
XT iShares Exponential Technologies ETF 0.0 46 19 4.1 -2.4
DXUV Dimensional US Vector Equity ETF 0.0 28 37 5.3 -1.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 5.7 -0.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.4 -2.1
SCHF Schwab International Equity ETF 0.0 6 59 5.8 -0.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.0 65 0 4.2 -2.4
IWV iShares Russell 3000 ETF 0.0 20 45 4.1 -2.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 4.7 -1.8
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.2 -2.3
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.2 -2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 7.1 +0.6
GLOF iShares Global Equity Factor ETF 0.0 20 45 5.7 -0.9
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.7 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.2 -0.3
AVUS Avantis U.S. Equity ETF 0.0 15 50 4.9 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 4.8 -1.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.2 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.0 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.4 +0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 4.9 -1.7
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.8 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.6 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 8.0 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.3 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.9 +0.4
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 8.8 +2.3
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 9.0 +2.5
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 5.5 -1.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 7.6 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 5.4 -1.1
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 11.6 +5.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.5 -2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 6.0 -0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 7.7 +1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 4.6 -2.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 9.2 +2.7
XCEM Columbia EM Core ex-China ETF 0.0 16 49 5.1 -1.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 5.3 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 6.2 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 10.8 +4.3
BLOK Amplify Transformational Data Sharing ETF -0.0 75 -10 -0.1 -6.6

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 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.52
 
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.