SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 7.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.6x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 1.9%


  • 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) $750
Currency USD
Expense ratio 65 bp
Distributions Semi-Annually

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 1356
Wgt avg mkt cap (mns) $579
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 31.1 %
INFRACAP EQUITY INCOME FUND ETF 1.7 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.8 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.8 %
SSI US GOV MONEY MARKET CLASS 0.7 %
CLOCKWISE CORE EQUITY & INNOVATION 0.6 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.6 %
ISHARES MSCI INDIA ETF 0.5 %
FLEXSHARES TRUST FLEXSHARES STOXX 0.4 %
PROSHARES S&P GLOBAL CORE BATTERY 0.3 %
Total 37.4 %

TOP COUNTRY EXPOSURE
TAIWAN 16.9 %
INDIA 7.2 %
CHINA 5.6 %
BRAZIL 3.1 %
SOUTH AFRICA 3.1 %
MALAYSIA 2.9 %
THAILAND 2.4 %
SAUDI ARABIA 2.4 %
TURKEY 1.8 %
HONG KONG 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 8.6% 8.3% 8.1% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.52 40%
MSCI EAFE 0.70 51%
MSCI Emg. Mkts. 0.80 76%

Technical Indicators
Recent close $66.37
30d moving avg. $66.78
Annualized volatility 12.3%
Short interest (ETF) 3.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 98
Turnover 0.9%
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™: 7.8%


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 37.9 70 -5 7.4 -0.4
EIDO iShares MSCI Indonesia ETF 32.1 59 6 7.7 -0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 25.5 42 23 9.6 +1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 18.5 58 7 9.4 +1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 14.2 15 50 7.2 -0.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 12.0 53 12 7.2 -0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.9 59 6 8.5 +0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.2 8 57 7.1 -0.7
AVES Avantis Emerging Markets Value ETF 11.1 36 29 10.7 +2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.2 38 27 8.5 +0.7
DFEV Dimensional Emerging Markets Value ETF 9.1 43 22 11.8 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.4 33 32 8.0 +0.2
DEM WisdomTree Emerging Markets High Dividend Fund 8.3 63 2 12.7 +4.9
AVSE Avantis Responsible Emerging Markets Equity ETF 7.4 33 32 7.8 +0.0
AVEM Avantis Emerging Markets Equity ETF 7.4 33 32 8.1 +0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.2 41 24 8.1 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 6.2 9 56 9.7 +1.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.1 80 -15 13.8 +6.0
SMIN iShares MSCI India Small Cap ETF 6.0 79 -14 3.7 -4.1
SPEM SPDR Portfolio Emerging Markets ETF 4.9 7 58 10.3 +2.5
DFAE Dimensional Emerging Core Equity Market ETF 4.8 35 30 8.5 +0.7
ECNS iShares MSCI China Small-Cap ETF 4.5 59 6 9.1 +1.3
VWO Vanguard FTSE Emerging Markets ETF 4.2 7 58 10.1 +2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.8 12 53 8.2 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 3.2 49 16 9.3 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 35 7.4 -0.4
BRF VanEck Brazil Small-Cap ETF 2.7 66 -1 10.9 +3.1
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 6 10.7 +2.9
UAE iShares MSCI UAE ETF 2.5 59 6 0.0 -7.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 6.6 -1.2
EPI WisdomTree India Earnings Fund 2.2 85 -20 4.8 -3.0
XC WisdomTree Emerging Markets Ex-China Fund 2.1 32 33 5.4 -2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.0 44 21 10.4 +2.6
GXC SPDR S & P China ETF 1.9 59 6 15.7 +7.9
THD iShares MSCI Thailand ETF 1.8 58 7 0.0 -7.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 16 9.3 +1.5
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -1 11.6 +3.8
KSA iShares MSCI Saudi Arabia ETF 1.7 74 -9 0.0 -7.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 15 10.2 +2.4
IGRO iShares International Dividend Growth ETF 1.5 15 50 7.0 -0.9
FLTW Franklin FTSE Taiwan ETF 1.4 19 46 5.9 -1.9
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 26 9.1 +1.3
TUR iShares MSCI Turkey ETF 1.4 58 7 17.4 +9.5
DVYE iShares Emerging Markets Dividend ETF 1.4 49 16 17.8 +9.9
VSGX Vanguard ESG International Stock ETF 1.3 10 55 7.4 -0.4
VXUS Vanguard Total International Stock ETF 1.2 5 60 7.6 -0.3
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 58 7.5 -0.4
FLLA Franklin FTSE Latin America ETF 1.1 19 46 12.1 +4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 26 10.7 +2.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -25 4.8 -3.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 56 5.6 -2.3
DFGR Dimensional Global Real Estate ETF 0.9 22 43 7.7 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 33 8.4 +0.5
SCHE Schwab Emerging Markets Equity ETF 0.8 11 54 10.4 +2.6
EPOL iShares MSCI Poland ETF 0.8 59 6 11.0 +3.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 18 5.3 -2.5
IDX VanEck Indonesia Index ETF 0.8 57 8 7.1 -0.7
FLBR Franklin FTSE Brazil ETF 0.8 19 46 13.4 +5.6
SDIV Global X Superdividend ETF 0.7 58 7 41.6 +33.8
FLSA Franklin FTSE Saudi Arabia ETF 0.7 39 26 0.0 -7.8
EWW iShares MSCI Mexico ETF 0.7 50 15 9.2 +1.3
REET iShares Global REIT ETF 0.7 14 51 7.5 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 16 14.7 +6.9
PGJ Invesco Golden Dragon China ETF 0.7 70 -5 13.8 +6.0
CGW Invesco S&P Global Water Index ETF 0.6 57 8 4.7 -3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 32 9.2 +1.4
AVRE Avantis Real Estate ETF 0.6 17 48 7.3 -0.6
VIDI Vident International Equity Strategy ETF 0.6 61 4 10.3 +2.5
PBD Invesco Global Clean Energy ETF 0.6 75 -10 0.9 -7.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 50 7.4 -0.4
BLDG Cambria Global Real Estate ETF 0.5 60 5 11.6 +3.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 15.3 +7.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.5 19 46 8.4 +0.5
CUT Invesco MSCI Global Timber ETF 0.5 61 4 10.9 +3.0
QAT iShares MSCI Qatar ETF 0.5 59 6 51.4 +43.5
XCEM Columbia EM Core ex-China ETF 0.5 16 49 7.6 -0.2
CGV Conductor Global Equity Value ETF 0.5 130 -65 7.8 -0.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -15 10.6 +2.8
DWCR Arrow DWA Tactical: International ETF 0.5 134 -69 7.2 -0.7
ECH iShares MSCI Chile ETF 0.5 58 7 7.1 -0.8
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 23 7.2 -0.6
GREK Global X MSCI Greece ETF 0.5 57 8 10.7 +2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -23 7.9 +0.1
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 42 7.9 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -30 10.8 +3.0
FLCH Franklin FTSE China ETF 0.4 19 46 15.4 +7.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 7.8 -0.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 9.0 +1.2
JIVE JPMorgan International Value ETF 0.4 55 10 10.7 +2.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 25 6.8 -1.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 45 2.9 -5.0
ICLN iShares Global Clean Energy ETF 0.4 41 24 3.2 -4.7
VT Vanguard Total World Stock ETF 0.4 6 59 5.7 -2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 29 9.0 +1.1
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.4 -4.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 54 9.2 +1.4
CTEC Global X CleanTech ETF 0.3 50 15 0.6 -7.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 10 6.7 -1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 6.3 -1.5
FLIN Franklin FTSE India ETF 0.3 19 46 3.9 -3.9
RING iShares MSCI Global Gold Miners ETF 0.3 39 26 3.6 -4.2
SGDJ Sprott Junior Gold Miners ETF 0.3 50 15 3.0 -4.8
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -10 2.6 -5.2
TAN Invesco Solar ETF 0.3 67 -2 5.8 -2.1
GEW Cambria Global EW ETF 0.3 29 36 0.0 -7.8
FLMX Franklin FTSE Mexico ETF 0.3 19 46 9.7 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 26 5.6 -2.2
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 5.0 -2.8
BOAT SonicShares Global Shipping ETF 0.3 69 -4 25.8 +18.0
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -5 8.3 +0.5
PIN Invesco India ETF 0.3 78 -13 4.6 -3.2
HART IQ Healthy Hearts ETF 0.3 45 20 6.4 -1.4
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -14 0.4 -7.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.2 -6.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.4 -3.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 12.0 +4.2
AQWA Global X Clean Water ETF 0.2 50 15 5.1 -2.7
AFK VanEck Africa Index ETF 0.2 98 -33 14.3 +6.5
DGIN VanEck Digital India ETF 0.2 71 -6 1.8 -6.0
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 4.8 -3.0
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.2 45 20 1.5 -6.3
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 7.4 -0.5
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.6 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 7.6 -0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 33 13.5 +5.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 6.3 -1.5
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 3.4 -4.4
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 6.8 -1.0
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 11.1 +3.3
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 9.0 +1.2
APIE ActivePassive International Equity ETF 0.2 45 20 7.1 -0.7
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 8.1 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 6.8 -1.0
SCHY Schwab International Dividend Equity ETF 0.2 14 51 9.2 +1.4
FPAG FPA Global Equity ETF 0.2 49 16 5.7 -2.1
AGNG Global X Aging Population ETF 0.2 50 15 4.4 -3.4
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 3.6 -4.2
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -7.8
INQQ India Internet & Ecommerce ETF 0.2 86 -21 1.3 -6.5
DEW WisdomTree Global High Dividend Fund 0.2 58 7 8.2 +0.3
BRAZ Global X Brazil Active ETF 0.2 75 -10 11.3 +3.5
SOCL Global X Social Media ETF 0.2 65 0 11.1 +3.3
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 8.7 +0.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.2 45 20 2.6 -5.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.2 60 5 2.8 -5.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 4 2.2 -5.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 4 -0.6 -8.4
ARVR First Trust Indxx Metaverse ETF 0.2 70 -5 4.1 -3.7
CLNR IQ Cleaner Transport ETF 0.2 45 20 5.0 -2.8
GOEX Global X Gold Explorers ETF 0.1 65 0 2.6 -5.3
GLIN VanEck India Growth Leaders ETF 0.1 77 -12 5.7 -2.1
IBAT iShares Energy Storage & Materials ETF 0.1 47 18 2.7 -5.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.6 -2.2
AVDV Avantis International Small Cap Value ETF 0.1 36 29 8.7 +0.8
PIO Invesco Global Water ETF 0.1 75 -10 4.4 -3.4
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.1 -9.9
BKCH Global X Blockchain ETF 0.1 50 15 -4.2 -12.0
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -1.6 -9.4
BWEB Bitwise Web3 ETF 0.1 85 -20 -0.0 -7.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.5 -3.3
IGF iShares Global Infrastructure ETF 0.1 41 24 4.5 -3.3
POW VistaShares Electrification Supercycle ETF 0.1 75 -10 3.5 -4.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.1 45 20 10.1 +2.2
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 7.0 -0.9
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 7.4 -0.4
SPEU SPDR Portfolio Europe ETF 0.1 7 58 7.1 -0.8
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 6.8 -1.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.6 +2.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 9.1 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 9.4 +1.6
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.2 -2.6
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 18.4 +10.6
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.2 -11.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 9.8 +2.0
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.8 -1.0
GVAL Cambria Global Value ETF 0.1 68 -3 10.4 +2.6
IWN iShares Russell 2000 Value ETF 0.1 24 41 7.6 -0.3
OTGL OTG Latin America ETF 0.1 269 -204 8.1 +0.3
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 4.5 -3.3
XT iShares Exponential Technologies ETF 0.1 46 19 4.6 -3.2
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.6 -4.2
DAK Dakota Active Equity ETF 0.1 43 22 4.4 -3.4
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 7.7 -0.2
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 8.4 +0.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.5 -2.3
FINX Global X FinTech ETF 0.1 68 -3 3.1 -4.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 10.3 +2.5
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 6 2.4 -5.4
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 9.8 +2.0
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -7.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 7.9 +0.1
FRNW Fidelity Clean Energy ETF 0.1 39 26 2.3 -5.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -3 4.6 -3.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 11.0 +3.2
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 13.1 +5.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.5 -2.3
HERO Global X Video Games & Esports ETF 0.1 50 15 4.5 -3.3
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -60 6.7 -1.1
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 7.0 -0.8
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.6 -3.3
MOO VanEck Agribusiness ETF 0.1 53 12 10.6 +2.8
SNSR Global X Internet of Things ETF 0.1 68 -3 4.9 -2.9
IWC iShares Micro-Cap ETF 0.1 60 5 -1.6 -9.4
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 10.8 +3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1 29 36 8.8 +1.0
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 10.7 +2.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 6.2 -1.7
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.3 +2.4
DWM WisdomTree International Equity Fund 0.1 48 17 7.0 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 20 9.5 +1.7
FAN First Trust Global Wind Energy ETF 0.1 60 5 4.1 -3.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 9.9 +2.1
FLHK Franklin FTSE Hong Kong ETF 0.1 9 56 4.3 -3.5
NERD Roundhill Video Games ETF 0.1 50 15 6.5 -1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 8.2 +0.4
COPX Global X Copper Miners ETF 0.1 65 0 5.4 -2.4
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 7.5 -0.3
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 1.3 -6.5
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 6.8 -1.1
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 1.4 -6.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.0 -0.8
TBLU Tortoise Global Water ESG ETF 0.1 40 25 4.6 -3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 1.4 -6.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 9.3 +1.5
COLO Global X MSCI Colombia ETF 0.1 62 3 20.1 +12.3
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -4.6 -12.4
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -0.8 -8.6
MNRS Grayscale Bitcoin Miners ETF 0.1 59 6 0.0 -7.8
IWM iShares Russell 2000 ETF 0.1 19 46 4.1 -3.7
VTWO Vanguard Russell 2000 ETF 0.1 7 58 4.2 -3.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 14.2 +6.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -21 0.5 -7.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.1 65 0 5.2 -2.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 4.2 -3.6
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 7.1 -0.7
RCGE RockCreek Global Equality ETF 0.1 95 -30 6.6 -1.2
EBIZ Global X E-Commerce ETF 0.1 50 15 4.1 -3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 7.5 -0.3
RSSL Global X Russell 2000 ETF 0.1 8 57 4.1 -3.8
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 3.8 -4.0
KAT Scharf ETF 0.1 87 -22 5.9 -1.9
GKAT Scharf Global Opportunity ETF 0.1 57 8 6.0 -1.8
IPAC iShares Core MSCI Pacific ETF 0.1 9 56 6.1 -1.8
DIV Global X SuperDividend US ETF 0.1 45 20 10.5 +2.7
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 6 5.7 -2.1
RODE Hartford Multifactor Diversified International ETF 0.1 29 36 10.4 +2.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.9 -0.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 5.4 -2.5
VPL Vanguard FTSE Pacific ETF 0.1 7 58 6.3 -1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.5 +1.7
CQQQ Invesco China Technology ETF 0.0 70 -5 15.5 +7.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 10.8 +3.0
RNRG Global X Renewable Energy Producers ETF 0.0 66 -1 5.1 -2.7
DMAT Global X Disruptive Materials ETF 0.0 59 6 6.7 -1.1
DXIV Dimensional International Vector Equity ETF 0.0 34 31 7.4 -0.4
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.6 -1.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 7.6 -0.2
MCH Matthews China Active ETF 0.0 79 -14 14.0 +6.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.0 47 18 3.6 -4.2
DTH WisdomTree International High Dividend Fund 0.0 58 7 7.8 +0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 28 7.8 -0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 36 7.5 -0.3
DFIS Dimensional International Small Cap ETF 0.0 39 26 6.9 -0.9
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.2 -3.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 6.7 -1.2
FDHT Fidelity Digital Health ETF 0.0 39 26 1.5 -6.3
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 -0.4 -8.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.3 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.3 -1.6
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 7.7 -0.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 2.9 -4.9
VRAI Virtus Real Asset Income ETF 0.0 55 10 10.6 +2.8
BFOR ALPS Barron's 400 ETF 0.0 65 0 5.9 -1.9
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 7.4 -0.4
SETM Sprott Energy Transition Materials ETF 0.0 65 0 1.9 -6.0
DISV Dimensional International Small Cap Value ETF 0.0 42 23 8.6 +0.8
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 0.4 -7.4
TMAT Main Thematic Innovation ETF 0.0 164 -99 -1.5 -9.3
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 3.7 -4.1
DINT Davis Select International ETF 0.0 55 10 7.7 -0.1
DWLD Davis Select Worldwide ETF 0.0 63 2 7.2 -0.7
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -7.8
VICE AdvisorShares Vice ETF 0.0 99 -34 6.6 -1.2
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 6.8 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 8.8 +1.0
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.0 -2.8
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.3 -1.5
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 2.1 -5.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 5.7 -2.1
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.8 -7.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 1.0 -6.9
EBI Longview Advantage ETF 0.0 35 30 6.6 -1.2
NIKL Sprott Nickel Miners ETF 0.0 75 -10 9.3 +1.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.0 -0.8
PKW Invesco Buyback Achievers ETF 0.0 62 3 8.1 +0.3
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.4 -0.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.4 -12.2
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 8.3 +0.5
AVIV Avantis International Large Cap Value ETF 0.0 25 40 8.1 +0.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.5 -2.4
VXF Vanguard Extended Market ETF 0.0 5 60 4.7 -3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.2 -0.6
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 5.8 -2.0
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -0.1 -7.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.4 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.7 -1.2
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.2 -0.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 6.7 -1.1
DXUV Dimensional US Vector Equity ETF 0.0 28 37 6.1 -1.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 -2.8
SCHF Schwab International Equity ETF 0.0 6 59 6.8 -1.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 -3.1
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 -3.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 -3.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.8 -3.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.3 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 8.4 +0.5
GLOF iShares Global Equity Factor ETF 0.0 20 45 6.6 -1.2
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.3 -2.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.3 -0.6
AVDE Avantis International Equity ETF 0.0 23 42 7.0 -0.9
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.7 -2.2
BLES Inspire Global Hope ETF 0.0 61 4 6.8 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.5 -2.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.5 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.1 -0.8
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 9.4 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 9.0 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.8 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 6.9 -0.9
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 7.9 +0.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 11.3 +3.5
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.9 +3.0
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 7.2 -0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 7.2 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 13.8 +6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.1 -2.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 7.3 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 9.0 +1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 4.9 -2.9
WWJD Inspire International ETF 0.0 80 -15 7.0 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.1 -1.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 16.1 +8.3

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 9.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.54
 
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.