SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.2x P/Sales
ratio		 0.7x
P/BV
ratio		 1.2x Div.
yield		 3.5%


  • 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) $729
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 1391
Wgt avg mkt cap (mns) $630
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 6.2%
Small cap (<$2bn) 91.5%
Developed mkts 8.0%
Emerging mkts 92.0%

TOP TEN HOLDINGS
INVESCO DORSEY WRIGHT CONSUMER STA 0.8 %
INFRACAP EQUITY INCOME FUND ETF 0.6 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.5 %
ISHARES MSCI INDIA ETF 0.4 %
CLOCKWISE CORE EQUITY & INNOVATION 0.3 %
VST INDUSTRIES LTD 0.3 %
VANGUARD MEGA CAP ETF 0.3 %
PROSHARES S&P GLOBAL CORE BATTERY 0.2 %
ZAI LAB LTD 0.2 %
CHINASOFT INTERNATIONAL LTD 0.2 %
Total 3.9 %

TOP COUNTRY EXPOSURE
TAIWAN 17.8 %
INDIA 8.3 %
CHINA 7.1 %
MALAYSIA 3.1 %
SOUTH AFRICA 2.7 %
THAILAND 2.6 %
BRAZIL 2.3 %
TURKEY 1.9 %
SAUDI ARABIA 1.9 %
HONG KONG 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.8% 22.0% 9.4% 5.5% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.63 61%
MSCI EAFE 0.67 71%
MSCI Emg. Mkts. 0.77 91%

Technical Indicators
Recent close $60.24
30d moving avg. $61.43
Annualized volatility 14.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $11,697

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™: 8.2%


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 31.7 70 -5 7.7 -0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 17.4 58 7 10.2 +2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.8 59 6 11.3 +3.1
AVES Avantis Emerging Markets Value ETF 12.5 36 29 11.6 +3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.9 7 58 6.7 -1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 11.1 38 27 7.8 -0.3
DFEV Dimensional Emerging Markets Value ETF 10.0 43 22 11.1 +2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.5 41 24 7.4 -0.8
AVEM Avantis Emerging Markets Equity ETF 8.2 33 32 8.9 +0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 7.8 15 50 6.3 -1.9
SMIN iShares MSCI India Small Cap ETF 7.6 79 -14 3.5 -4.7
ECNS iShares MSCI China Small-Cap ETF 6.4 59 6 14.2 +6.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.3 80 -15 12.3 +4.1
DFAE Dimensional Emerging Core Equity Market ETF 6.1 35 30 7.3 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 6.1 7 58 7.3 -0.8
DEM WisdomTree Emerging Markets High Dividend Fund 5.8 63 2 18.9 +10.7
IEMG iShares Core MSCI Emerging Markets ETF 5.5 9 56 7.5 -0.7
VWO Vanguard FTSE Emerging Markets ETF 5.2 8 57 6.9 -1.2
GMF SPDR S&P Emerging Asia Pacific ETF 4.3 49 16 6.1 -2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.1 12 53 8.3 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 35 8.0 -0.2
GXC SPDR S&P China ETF 3.0 59 6 8.3 +0.2
EPI WisdomTree India Earnings Fund 2.4 85 -20 6.1 -2.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.3 10 55 7.7 -0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.3 90 -25 6.1 -2.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.1 59 6 10.9 +2.7
THD iShares MSCI Thailand ETF 2.1 58 7 6.1 -2.0
BRF VanEck Brazil Small-Cap ETF 2.0 66 -1 9.7 +1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 15 13.0 +4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 2.0 49 16 12.0 +3.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.8 44 21 10.6 +2.5
VSGX Vanguard ESG International Stock ETF 1.8 12 53 6.8 -1.4
KSA iShares MSCI Saudi Arabia ETF 1.6 74 -9 5.6 -2.6
TUR iShares MSCI Turkey ETF 1.6 58 7 19.7 +11.5
EYLD Cambria Emerging Shareholder Yield ETF 1.6 66 -1 13.2 +5.0
VEGI iShares MSCI Agriculture Producers ETF 1.5 39 26 9.2 +1.1
VXUS Vanguard Total International Stock ETF 1.5 7 58 7.2 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 26 12.8 +4.7
IXUS iShares Core MSCI Total International Stock ETF 1.4 7 58 7.2 -1.0
FLTW Franklin FTSE Taiwan ETF 1.3 19 46 5.9 -2.3
EIDO iShares MSCI Indonesia ETF 1.2 59 6 7.5 -0.7
SCHE Schwab Emerging Markets Equity ETF 1.2 11 54 7.1 -1.0
DVYE iShares Emerging Markets Dividend ETF 1.2 49 16 18.8 +10.6
FLCH Franklin FTSE China ETF 1.2 19 46 8.8 +0.7
UAE iShares MSCI UAE ETF 1.1 59 6 8.4 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 56 5.4 -2.8
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 33 6.0 -2.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.0 88 -23 7.4 -0.7
IDX VanEck Indonesia Index ETF 0.9 57 8 8.8 +0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 32 8.2 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 46 6.9 -1.3
AVRE Avantis Real Estate ETF 0.8 17 48 5.9 -2.3
SDIV Global X Superdividend ETF 0.8 58 7 14.9 +6.8
EWW iShares MSCI Mexico ETF 0.8 50 15 13.2 +5.0
DFGR Dimensional Global Real Estate ETF 0.7 22 43 6.2 -1.9
CUT Invesco MSCI Global Timber ETF 0.7 61 4 8.4 +0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.7 32 33 6.1 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 26 12.5 +4.3
FLLA Franklin FTSE Latin America ETF 0.6 19 46 13.2 +5.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -30 10.5 +2.4
PGJ Invesco Golden Dragon China ETF 0.6 70 -5 4.9 -3.2
VIDI Vident International Equity Strategy ETF 0.6 61 4 10.2 +2.1
EPOL iShares MSCI Poland ETF 0.6 59 6 12.9 +4.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.6 41 24 5.0 -3.2
GREK Global X MSCI Greece ETF 0.6 57 8 -4.0 -12.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.6 11 54 8.4 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 16 12.2 +4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 10.2 +2.1
REET iShares Global REIT ETF 0.5 14 51 6.2 -1.9
QAT iShares MSCI Qatar ETF 0.5 59 6 9.4 +1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 29 7.8 -0.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 40 12.3 +4.2
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 3 3.6 -4.5
PBD Invesco Global Clean Energy ETF 0.5 75 -10 -5.3 -13.4
FLBR Franklin FTSE Brazil ETF 0.5 19 46 13.2 +5.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 26 7.2 -1.0
VT Vanguard Total World Stock ETF 0.5 7 58 5.5 -2.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -14 5.6 -2.5
DWCR Arrow DWA Tactical: International ETF 0.4 134 -69 7.0 -1.1
GLIN VanEck India Growth Leaders ETF 0.4 77 -12 5.7 -2.5
ICLN iShares Global Clean Energy ETF 0.4 41 24 6.0 -2.2
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 21 15.8 +7.6
ECH iShares MSCI Chile ETF 0.4 58 7 9.8 +1.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 18 4.9 -3.3
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 40 8.5 +0.3
FLSA Franklin FTSE Saudi Arabia ETF 0.4 39 26 5.7 -2.4
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 5 3.5 -4.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 33 6.2 -1.9
BLDG Cambria Global Real Estate ETF 0.4 60 5 14.3 +6.1
GVAL Cambria Global Value ETF 0.3 68 -3 13.1 +4.9
CGW Invesco S&P Global Water Index ETF 0.3 57 8 4.4 -3.8
IBAT iShares Energy Storage & Materials ETF 0.3 47 18 3.1 -5.1
SCHC Schwab International Small-Cap Equity ETF 0.3 11 54 6.6 -1.6
EPHE iShares MSCI Philippines ETF 0.3 59 6 8.9 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 57 7.3 -0.9
CGV Conductor Global Equity Value ETF 0.3 130 -65 10.9 +2.7
AFK VanEck Africa Index ETF 0.3 98 -33 9.1 +0.9
XCEM Columbia EM Core ex-China ETF 0.3 16 49 7.7 -0.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -14 10.3 +2.1
VYMI Vanguard International High Dividend Yield ETF 0.3 22 43 9.8 +1.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.3 60 5 0.5 -7.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 20 5.7 -2.5
FILL iShares MSCI Global Energy Producers ETF 0.3 39 26 9.6 +1.5
GINN Goldman Sachs Innovate Equity ETF 0.3 52 13 2.8 -5.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 26 4.1 -4.1
IWTR iShares MSCI Water Management Multisector ETF 0.3 47 18 5.0 -3.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 45 1.0 -7.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 0 6.2 -2.0
CQQQ Invesco China Technology ETF 0.3 70 -5 -7.9 -16.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 26 11.0 +2.9
GOEX Global X Gold Explorers ETF 0.3 65 0 4.4 -3.7
RODE Hartford Multifactor Diversified International ETF 0.3 29 36 11.8 +3.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 19 9.3 +1.2
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 9.8 +1.6
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -24 4.9 -3.2
FAN First Trust Global Wind Energy ETF 0.2 60 5 5.5 -2.6
BOAT SonicShares Global Shipping ETF 0.2 69 -4 34.8 +26.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 10 9.7 +1.5
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 4.5 -3.6
EMFQ Amplify Emerging Markets FinTech ETF 0.2 69 -4 5.3 -2.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 26 7.4 -0.7
INQQ India Internet & Ecommerce ETF 0.2 86 -21 2.6 -5.6
EMM Global X Emerging Markets ex-China ETF 0.2 75 -10 4.2 -3.9
IGRO iShares International Dividend Growth ETF 0.2 15 50 7.5 -0.6
TAN Invesco Solar ETF 0.2 67 -2 10.4 +2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.6 -3.6
FLIN Franklin FTSE India ETF 0.2 19 46 4.7 -3.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 18 8.0 -0.2
WNDY Global X Wind Energy ETF 0.2 50 15 6.1 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 36 5.5 -2.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 -10 4.6 -3.6
HERO Global X Video Games & Esports ETF 0.2 50 15 4.4 -3.7
DGIN VanEck Digital India ETF 0.2 71 -6 0.1 -8.0
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 5.6 -2.6
SOCL Global X Social Media ETF 0.2 65 0 -6.4 -14.5
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 9.7 +1.5
MOTI VanEck Morningstar International Moat ETF 0.2 58 7 5.9 -2.3
XT iShares Exponential Technologies ETF 0.2 46 19 4.8 -3.4
SGDJ Sprott Junior Gold Miners ETF 0.2 50 15 5.6 -2.5
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 42 9.1 +1.0
RAYS Global X Solar ETF 0.2 51 14 6.9 -1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.2 29 36 8.7 +0.6
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 10 4.6 -3.5
CTEC Global X CleanTech ETF 0.2 50 15 2.9 -5.3
APIE ActivePassive International Equity ETF 0.2 45 20 8.1 -0.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 4 1.2 -6.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 4 -2.4 -10.6
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 9.9 +1.7
FRDM Freedom 100 Emerging Markets ETF 0.2 49 16 7.3 -0.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.9 -6.2
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 11.0 +2.9
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 20 2.8 -5.3
SMOG VanEck Low Carbon Energy ETF 0.2 61 4 2.4 -5.8
KTEC KraneShares Hang Seng TECH Index ETF 0.2 69 -4 -3.6 -11.8
KWEB KraneShares CSI China Internet ETF 0.2 69 -4 -1.4 -9.5
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 13.6 +5.5
BATT Amplify Lithium & Battery Technology ETF 0.2 59 6 -0.1 -8.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 7.0 -1.2
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 40 4.7 -3.5
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 -0.4 -8.6
AGNG Global X Aging Population ETF 0.1 50 15 4.2 -3.9
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 8.8 +0.7
AQWA Global X Clean Water ETF 0.1 50 15 4.2 -3.9
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 4.5 -3.6
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 6 5.5 -2.6
FRNW Fidelity Clean Energy ETF 0.1 39 26 2.6 -5.6
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.1 49 16 16.1 +8.0
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 21.0 +12.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.5 -2.7
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.6 -0.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -5 9.8 +1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 4.9 -3.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.0 -0.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 6.6 -1.6
PSC Principal U.S. Small-Cap ETF 0.1 38 27 5.9 -2.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.0 +1.8
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.4 -0.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.8 +0.6
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.3 -3.9
IGF iShares Global Infrastructure ETF 0.1 41 24 4.3 -3.9
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 3.8 -4.4
FBZ First Trust Brazil AlphaDEX Fund 0.1 80 -15 13.3 +5.2
FMET Fidelity Metaverse ETF 0.1 39 26 5.4 -2.8
IWC iShares Micro-Cap ETF 0.1 60 5 -4.9 -13.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 4.6 -3.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 1.6 -6.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -3 4.8 -3.3
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.2 -4.9
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 5.5 -2.6
FLMX Franklin FTSE Mexico ETF 0.1 19 46 16.2 +8.1
DMAT Global X Disruptive Materials ETF 0.1 59 6 10.5 +2.3
IWN iShares Russell 2000 Value ETF 0.1 24 41 4.8 -3.4
VTWV Vanguard Russell 2000 Value ETF 0.1 15 50 4.9 -3.2
SEA U.S. Global Sea to Sky Cargo ETF 0.1 60 5 21.5 +13.4
ERNZ TrueShares Active Yield ETF 0.1 75 -10 10.9 +2.8
BDFIX Baron Discovery 0.1 75 -10 0.2 -8.0
SETM Sprott Energy Transition Materials ETF 0.1 65 0 6.0 -2.2
BNE Blue Horizon BNE ETF 0.1 87 -22 4.6 -3.6
EDOC Global X Telemedicine & Digital Health ETF Registered 0.1 68 -3 -4.1 -12.2
FDHT Fidelity Digital Health ETF 0.1 39 26 -2.3 -10.5
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -13.7 -21.9
DTH WisdomTree International High Dividend Fund 0.1 58 7 10.1 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 7.2 -0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -15 10.8 +2.7
MOO VanEck Agribusiness ETF 0.1 53 12 9.7 +1.6
FPAG FPA Global Equity ETF 0.1 49 16 5.4 -2.7
SNSR Global X Internet of Things ETF 0.1 68 -3 4.6 -3.5
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 0.8 -7.4
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -24 2.1 -6.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 6.6 -1.6
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -1.9 -10.0
BKCH Global X Blockchain ETF 0.1 50 15 -2.8 -10.9
DAPP VanEck Digital Transformation ETF 0.1 50 15 -2.9 -11.0
BWEB Bitwise Web3 ETF 0.1 85 -20 0.7 -7.4
HAIL SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 -3.0 -11.2
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 8.3 +0.1
CNXT VanEck ChiNext ETF 0.1 65 0 4.1 -4.1
COPX Global X Copper Miners ETF 0.1 65 0 8.2 +0.0
IWM iShares Russell 2000 ETF 0.1 19 46 2.8 -5.4
BIGFX Baron International Growth Retail 0.1 75 -10 3.1 -5.0
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 7.8 -0.4
CVY Invesco Zacks Multi-Asset Income ETF 0.1 106 -41 9.8 +1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 6.5 -1.6
VTWO Vanguard Russell 2000 ETF 0.1 10 55 2.9 -5.3
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 12.2 +4.1
RSSL Global X Russell 2000 ETF 0.1 8 57 2.6 -5.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -5 3.5 -4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 29 6.5 -1.7
KURE KraneShares MSCI All China Health Care Index ETF 0.1 65 0 4.3 -3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.1 67 -2 15.0 +6.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 30 12.4 +4.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 7.2 -1.0
URA Global X Uranium ETF 0.1 69 -4 2.4 -5.8
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -2.4 -10.6
BRAZ Global X Brazil Active ETF 0.1 75 -10 10.1 +2.0
URAN Themes Uranium & Nuclear ETF 0.1 35 30 1.9 -6.3
PIO Invesco Global Water ETF 0.1 75 -10 5.2 -3.0
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.1 -2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.1 70 -5 9.2 +1.0
RING iShares MSCI Global Gold Miners ETF 0.1 39 26 5.6 -2.6
AVDV Avantis International Small Cap Value ETF 0.1 36 29 8.1 -0.0
GXG Global X MSCI Colombia ETF 0.1 62 3 15.8 +7.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 5.8 -2.4
GFOF Grayscale Future of Finance ETF 0.1 70 -5 -0.7 -8.9
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -6.3 -14.4
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -1.7 -9.8
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -1.7 -9.8
DARP Grizzle Growth ETF 0.1 75 -10 3.3 -4.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 18.6 +10.5
DFIS Dimensional International Small Cap ETF 0.1 39 26 6.9 -1.3
CRAK VanEck Oil Refiners ETF 0.1 61 4 14.7 +6.6
SPEU SPDR Portfolio Europe ETF 0.1 7 58 7.1 -1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.1 48 17 8.8 +0.6
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 10.1 +2.0
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -45 5.6 -2.6
CGGO Capital Group Global Growth Equity ETF 0.1 47 18 4.6 -3.6
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 8.5 +0.4
DWM WisdomTree International Equity Fund 0.1 48 17 8.0 -0.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 10.2 +2.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.0 65 0 0.2 -7.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 23 8.1 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 20 11.0 +2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 10.0 +1.8
GLOF iShares Global Equity Factor ETF 0.0 20 45 7.0 -1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.9 -1.3
IQIN IQ 500 International ETF 0.0 25 40 9.2 +1.0
SXUS Janus Henderson International Sustainable Equity ETF 0.0 60 5 4.2 -4.0
AHOY Newday Ocean Health ETF 0.0 75 -10 6.2 -2.0
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 5.5 -2.7
VGK Vanguard FTSE Europe ETF 0.0 11 54 7.1 -1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.0 -1.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -21 1.2 -6.9
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 8.6 +0.4
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.6 -7.6
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 50 0.7 -7.5
EBIZ Global X E-Commerce ETF 0.0 50 15 2.1 -6.1
IBUY Amplify Online Retail ETF 0.0 65 0 1.4 -6.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 12.3 +4.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.0 45 20 -0.6 -8.7
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 2.4 -5.8
VRAI Virtus Real Asset Income ETF 0.0 55 10 8.0 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.2 -3.0
FLHK Franklin FTSE Hong Kong ETF 0.0 9 56 6.8 -1.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 60 7.3 -0.8
WUGI AXS Esoterica NextG Economy ETF 0.0 75 -10 2.5 -5.6
BGAIX Baron Global Advantage 0.0 75 -10 0.6 -7.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 7.9 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 45 6.8 -1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 8.2 +0.0
VPL Vanguard FTSE Pacific ETF 0.0 8 57 7.7 -0.4
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 3.9 -4.2
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 6.7 -1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 8.1 -0.0
JFWD Jacob Forward ETF 0.0 75 -10 0.0 -8.2
VICE AdvisorShares Vice ETF 0.0 99 -34 5.0 -3.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 40 6.0 -2.2
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 6.9 -1.3
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 7.2 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.4 -0.7
DEW WisdomTree Global High Dividend Fund 0.0 58 7 8.5 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 7.5 -0.6
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 52 2.1 -6.0
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 6.1 -2.1
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 4.7 -3.5
FINX Global X FinTech ETF 0.0 68 -3 2.6 -5.5
DISV Dimensional International Small Cap Value ETF 0.0 42 23 9.1 +1.0
JETS U.S. Global Jets ETF 0.0 60 5 -13.3 -21.4
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.8 -1.3
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 13.0 +4.9
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 8.4 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.8 -3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 4.6 -3.5
MEM Matthews Emerging Markets Equity Active ETF 0.0 79 -14 5.4 -2.8
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 50 6.4 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.0 -1.2
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 1.6 -6.6
ION ProShares S&P Global Core Battery Metals ETF 0.0 58 7 15.5 +7.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.7 -0.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.3 -2.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.2 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.5 -1.7
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.3 -2.9
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.6 -2.5
AVSD Avantis Responsible International Equity ETF 0.0 23 42 7.1 -1.1
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -5.2 -13.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.1 -1.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.1 -1.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.3 -0.9
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.3 -2.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 -3.1
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 -3.5
VTHR Vanguard Russell 3000 ETF 0.0 10 55 4.7 -3.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.8 -1.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.4 -2.7
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 -3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.2 -2.0
AVDE Avantis International Equity ETF 0.0 23 42 8.1 -0.1
BLES Inspire Global Hope ETF 0.0 61 4 6.4 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.9 -1.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 6.5 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 7.3 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 9.2 +1.1
WWJD Inspire International ETF 0.0 80 -15 7.3 -0.9
STXE Strive Emerging Markets Ex-China ETF 0.0 32 33 7.0 -1.2
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.0 35 30 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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.48
 
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.