SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.6x P/Sales
ratio		 0.8x
P/BV
ratio		 1.3x Div.
yield		 3.3%


  • 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) $721
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 1479
Wgt avg mkt cap (mns) $890
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 18.6%
Small cap (<$2bn) 79.7%
Developed mkts 6.4%
Emerging mkts 93.6%

TOP TEN HOLDINGS
STATE STREET INSTITUTIONAL LIQ 0.7 %
WISDOMTREE US ESG FUND OF BENEF IN 0.6 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.5 %
FORTUNE ELECTRIC CO LTD 0.5 %
ISHARES MSCI INDIA ETF 0.5 %
CLOCKWISE CORE EQUITY & INNOVATION 0.3 %
MR PRICE GROUP LIMITED 0.3 %
CHUNG HSIN ELECTRIC & MACHIN 0.3 %
COMPEQ MANUFACTURING CO LTD 0.2 %
RADIANT OPTO-ELECTRONICS COR 0.2 %
Total 4.0 %

TOP COUNTRY EXPOSURE
TAIWAN 20.7 %
INDIA 12.9 %
CHINA 4.9 %
SOUTH AFRICA 3.7 %
MALAYSIA 3.7 %
BRAZIL 2.8 %
SAUDI ARABIA 2.5 %
THAILAND 2.3 %
TURKEY 2.2 %
HONG KONG 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.7% 13.2% 8.2% 4.1% 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.60 61%
MSCI EAFE 0.69 75%
MSCI Emg. Mkts. 0.74 89%

Technical Indicators
Recent close $57.22
30d moving avg. $58.67
Annualized volatility 13.9%
Short interest (ETF) 0.5%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $7,130

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 346 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™: 7.1%


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 40.1 70 -5 7.2 +0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 22.7 58 7 9.9 +2.8
AVES Avantis Emerging Markets Value ETF 15.3 36 29 10.9 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.6 59 6 9.2 +2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 14.5 7 58 6.4 -0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 14.3 38 27 8.1 +0.9
DFEV Dimensional Emerging Markets Value ETF 12.3 43 22 11.1 +4.0
SMIN iShares MSCI India Small Cap ETF 12.2 79 -14 3.6 -3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 12.2 41 24 7.5 +0.4
AVEM Avantis Emerging Markets Equity ETF 10.8 33 32 8.8 +1.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 8.9 80 -15 13.4 +6.2
DFAE Dimensional Emerging Core Equity Market ETF 7.7 35 30 7.4 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 7.3 7 58 7.4 +0.2
DEM WisdomTree Emerging Markets High Dividend Fund 7.2 63 2 12.6 +5.5
IEMG iShares Core MSCI Emerging Markets ETF 6.9 9 56 7.5 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 5.0 49 16 6.2 -0.9
EPI WisdomTree India Earnings Fund 5.0 85 -20 6.2 -1.0
ECNS iShares MSCI China Small-Cap ETF 4.8 59 6 14.5 +7.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.4 30 35 7.9 +0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.1 12 53 8.0 +0.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.0 90 -25 6.3 -0.9
VWO Vanguard FTSE Emerging Markets ETF 3.9 8 57 7.2 +0.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.9 50 15 10.9 +3.8
EDIV SPDR S&P Emerging Markets Dividend ETF 2.9 49 16 10.5 +3.4
GXC SPDR S&P China ETF 2.7 59 6 9.1 +2.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.7 88 -23 5.4 -1.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.7 10 55 7.6 +0.5
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 6 8.2 +1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.5 44 21 10.3 +3.2
BRF VanEck Brazil Small-Cap ETF 2.4 66 -1 7.6 +0.5
KSA iShares MSCI Saudi Arabia ETF 2.2 74 -9 5.7 -1.5
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 -1 13.1 +6.0
XC WisdomTree Emerging Markets Ex-China Fund 2.1 32 33 5.8 -1.3
DVYE iShares Emerging Markets Dividend ETF 2.0 49 16 15.5 +8.3
VSGX Vanguard ESG International Stock ETF 2.0 12 53 6.5 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 1.9 39 26 12.7 +5.6
THD iShares MSCI Thailand ETF 1.9 58 7 6.1 -1.1
TUR iShares MSCI Turkey ETF 1.9 58 7 17.4 +10.2
IXUS iShares Core MSCI Total International Stock ETF 1.8 7 58 7.0 -0.2
FLTW Franklin FTSE Taiwan ETF 1.8 19 46 5.6 -1.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.7 41 24 6.6 -0.6
FDEM Fidelity Emerging Markets Multifactor ETF 1.7 25 40 11.4 +4.2
VEGI iShares MSCI Agriculture Producers ETF 1.6 39 26 9.5 +2.3
VXUS Vanguard Total International Stock ETF 1.5 7 58 6.9 -0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 1.4 29 36 6.1 -1.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 20 10.9 +3.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.3 86 -21 2.0 -5.1
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 21 11.3 +4.2
SCHE Schwab Emerging Markets Equity ETF 1.3 11 54 7.3 +0.2
EPOL iShares MSCI Poland ETF 1.3 59 6 10.5 +3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 56 5.7 -1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.2 33 32 7.1 -0.1
EIDO iShares MSCI Indonesia ETF 1.2 59 6 7.1 0.0
GLIN VanEck India Growth Leaders ETF 1.1 77 -12 5.7 -1.5
VIDI Vident International Equity Strategy ETF 1.1 61 4 11.9 +4.7
AFK VanEck Africa Index ETF 1.0 98 -33 8.8 +1.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -15 14.2 +7.1
DGIN VanEck Digital India ETF 1.0 71 -6 1.3 -5.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 33 6.3 -0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.9 86 -21 1.6 -5.5
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 40 8.7 +1.6
GVAL Cambria Global Value ETF 0.8 68 -3 12.9 +5.8
PBD Invesco Global Clean Energy ETF 0.8 75 -10 -7.0 -14.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -30 10.6 +3.5
DFGR Dimensional Global Real Estate ETF 0.8 22 43 6.5 -0.7
SCHC Schwab International Small-Cap Equity ETF 0.7 11 54 6.2 -0.9
IDX VanEck Indonesia Index ETF 0.7 57 8 8.3 +1.2
XCEM Columbia EM Core ex-China ETF 0.7 16 49 7.2 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 16 12.7 +5.6
FRDM Freedom 100 Emerging Markets ETF 0.7 49 16 6.7 -0.5
SDIV Global X Superdividend ETF 0.7 58 7 15.0 +7.9
RODE Hartford Multifactor Diversified International ETF 0.7 29 36 11.4 +4.3
AVRE Avantis Real Estate ETF 0.7 17 48 6.1 -1.0
REET iShares Global REIT ETF 0.6 14 51 6.6 -0.6
PGJ Invesco Golden Dragon China ETF 0.6 70 -5 5.4 -1.7
GREK Global X MSCI Greece ETF 0.6 57 8 -3.6 -10.7
EWW iShares MSCI Mexico ETF 0.6 50 15 11.7 +4.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 7 4.7 -2.4
VT Vanguard Total World Stock ETF 0.6 7 58 5.8 -1.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 26 7.0 -0.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.6 70 -5 9.3 +2.2
CUT Invesco MSCI Global Timber ETF 0.6 61 4 8.2 +1.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.6 49 16 18.2 +11.0
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 3 3.2 -3.9
SETM Sprott Energy Transition Materials ETF 0.5 65 0 6.4 -0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 29 7.1 -0.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.5 19 46 7.0 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 7.3 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 54 7.5 +0.3
BLDG Cambria Global Real Estate ETF 0.5 60 5 9.5 +2.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 16 6.4 -0.7
EWT iShares MSCI Taiwan ETF 0.5 58 7 5.3 -1.9
DWCR Arrow DWA Tactical: International ETF 0.5 134 -69 7.6 +0.4
SHPP Pacer Industrials and Logistics ETF 0.5 60 5 8.5 +1.4
UAE iShares MSCI UAE ETF 0.5 59 6 9.1 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 26 4.3 -2.9
FLCH Franklin FTSE China ETF 0.5 19 46 9.8 +2.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 9.9 +2.8
ICLN iShares Global Clean Energy ETF 0.4 41 24 4.8 -2.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 36 8.3 +1.2
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 18 4.9 -2.2
IPKW Invesco International BuyBack Achievers ETF 0.4 55 10 9.5 +2.4
INQQ India Internet & Ecommerce ETF 0.4 86 -21 2.6 -4.5
QAT iShares MSCI Qatar ETF 0.4 59 6 9.9 +2.8
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 5 3.9 -3.3
BOAT SonicShares Global Shipping ETF 0.4 69 -4 31.0 +23.8
ECH iShares MSCI Chile ETF 0.4 58 7 9.6 +2.5
CGV Conductor Global Equity Value ETF 0.4 130 -65 10.5 +3.3
FLBR Franklin FTSE Brazil ETF 0.4 19 46 13.6 +6.5
FLLA Franklin FTSE Latin America ETF 0.4 19 46 12.9 +5.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.4 79 -14 6.5 -0.6
EPHE iShares MSCI Philippines ETF 0.4 59 6 8.7 +1.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 45 -8.8 -15.9
SCHY Schwab International Dividend Equity ETF 0.4 14 51 8.9 +1.8
VYMI Vanguard International High Dividend Yield ETF 0.4 22 43 9.6 +2.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 26 12.3 +5.2
HJEN Direxion Hydrogen ETF 0.3 45 20 -6.7 -13.9
EMM Global X Emerging Markets ex-China ETF 0.3 75 -10 3.8 -3.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 19 9.3 +2.1
CTEC Global X CleanTech ETF 0.3 50 15 2.5 -4.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 18 4.9 -2.2
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 42 8.7 +1.6
FILL iShares MSCI Global Energy Producers ETF 0.3 39 26 10.0 +2.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.3 47 18 1.9 -5.2
BATT Amplify Lithium & Battery Technology ETF 0.3 59 6 0.6 -6.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 57 7.0 -0.2
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 26 5.7 -1.5
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -5 9.2 +2.1
FBZ First Trust Brazil AlphaDEX Fund 0.3 80 -15 12.3 +5.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 45 1.1 -6.0
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -10 5.9 -1.2
FLIN Franklin FTSE India ETF 0.3 19 46 5.1 -2.1
GLOF iShares Global Equity Factor ETF 0.3 20 45 7.2 +0.1
SMOG VanEck Low Carbon Energy ETF 0.3 61 4 2.7 -4.4
CGW Invesco S&P Global Water Index ETF 0.3 57 8 3.7 -3.4
DEEP Roundhill Acquirers Deep Value ETF 0.2 80 -15 14.1 +7.0
TAN Invesco Solar ETF 0.2 67 -2 3.2 -3.9
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 15 2.7 -4.5
BRAZ Global X Brazil Active ETF 0.2 75 -10 10.2 +3.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 -10 5.0 -2.1
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -24 4.9 -2.3
DWX SPDR S&P International Dividend ETF 0.2 45 20 6.6 -0.5
TRFM AAM Transformers ETF 0.2 49 16 1.5 -5.7
FAN First Trust Global Wind Energy ETF 0.2 60 5 5.3 -1.9
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 2.7 -4.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 35 7.9 +0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 20 -0.5 -7.6
MINV Matthews Asia Innovators Active ETF 0.2 79 -14 1.0 -6.2
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 40 9.0 +1.9
HERO Global X Video Games & Esports ETF 0.2 50 15 4.3 -2.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 5 0.5 -6.6
MOTI VanEck Morningstar International Moat ETF 0.2 58 7 6.2 -0.9
XT iShares Exponential Technologies ETF 0.2 46 19 4.7 -2.4
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 9.4 +2.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -2 17.6 +10.4
RAYS Global X Solar ETF 0.2 51 14 7.1 -0.1
EMFQ Amplify Emerging Markets FinTech ETF 0.2 69 -4 5.7 -1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 33 6.8 -0.4
DINT Davis Select International ETF 0.2 55 10 6.2 -0.9
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 40 4.6 -2.6
IGPT Invesco AI and Next Gen Software ETF 0.2 60 5 4.3 -2.9
AVDV Avantis International Small Cap Value ETF 0.2 36 29 7.7 +0.5
AGNG Global X Aging Population ETF 0.2 50 15 3.9 -3.2
IWFH iShares Virtual Work and Life Multisector ETF 0.2 47 18 -4.2 -11.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -5 10.0 +2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 7.4 +0.3
SCAP InfraCap Small Cap Income ETF 0.2 135 -70 8.0 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 18 5.7 -1.4
PIN Invesco India ETF 0.2 78 -13 4.7 -2.4
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 12.2 +5.0
IGRO iShares International Dividend Growth ETF 0.1 15 50 7.1 0.0
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -3 1.6 -5.6
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 6 6.0 -1.1
GXG Global X MSCI Colombia ETF 0.1 62 3 14.7 +7.6
SOCL Global X Social Media ETF 0.1 65 0 -6.1 -13.2
WNDY Global X Wind Energy ETF 0.1 50 15 5.4 -1.7
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 4.6 -2.5
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 8.5 +1.3
MAKX ProShares S&P Kensho Smart Factories ETF 0.1 58 7 1.1 -6.1
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 4.8 -2.3
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.4 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 7.7 +0.5
DISV Dimensional International Small Cap Value ETF 0.1 42 23 8.8 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 8.1 +0.9
COPX Global X Copper Miners ETF 0.1 65 0 8.0 +0.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.7 +1.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 6.8 -0.4
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.1 -1.1
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.3 +3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 6.2 -1.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 20 5.8 -1.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 7.5 +0.3
SPEU SPDR Portfolio Europe ETF 0.1 7 58 6.6 -0.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 4 2.7 -4.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -1.0 -8.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 20 7.9 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 6.6 -0.6
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 7.9 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 40 6.5 -0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 6.1 -1.1
AQWA Global X Clean Water ETF 0.1 50 15 4.1 -3.0
JETS U.S. Global Jets ETF 0.1 60 5 -15.6 -22.8
DFIS Dimensional International Small Cap ETF 0.1 39 26 6.4 -0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -15 9.4 +2.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 18 8.0 +0.9
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.2 -3.9
APIE ActivePassive International Equity ETF 0.1 45 20 7.6 +0.4
IWN iShares Russell 2000 Value ETF 0.1 24 41 5.1 -2.0
MOO VanEck Agribusiness ETF 0.1 53 12 9.6 +2.5
VGK Vanguard FTSE Europe ETF 0.1 11 54 6.7 -0.5
VTWV Vanguard Russell 2000 Value ETF 0.1 15 50 5.0 -2.2
DMAT Global X Disruptive Materials ETF 0.1 59 6 12.1 +4.9
SEA U.S. Global Sea to Sky Cargo ETF 0.1 60 5 17.7 +10.5
EEM iShares MSCI Emerging Markets ETF 0.1 69 -4 6.9 -0.3
DTH WisdomTree International High Dividend Fund 0.1 58 7 10.0 +2.8
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 -0.4 -7.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 30 2.5 -4.6
SNSR Global X Internet of Things ETF 0.1 68 -3 4.3 -2.9
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 1.7 -5.5
FPAG FPA Global Equity ETF 0.1 49 16 5.5 -1.7
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -11.5 -18.7
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 13.0 +5.9
BNE Blue Horizon BNE ETF 0.1 87 -22 5.2 -1.9
CNRG SPDR S&P Kensho Clean Power ETF 0.1 45 20 2.4 -4.8
FRNW Fidelity Clean Energy ETF 0.1 39 26 3.7 -3.4
PIO Invesco Global Water ETF 0.1 75 -10 5.8 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.3 -0.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.8 -2.3
IGF iShares Global Infrastructure ETF 0.1 41 24 4.8 -2.4
VEA Vanguard FTSE Developed Markets ETF 0.1 5 60 6.9 -0.3
IWC iShares Micro-Cap ETF 0.1 60 5 -3.6 -10.7
GDXJ VanEck Junior Gold Miners ETF 0.1 52 13 4.5 -2.6
GOEX Global X Gold Explorers ETF 0.1 65 0 4.8 -2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 6.8 -0.3
SGDJ Sprott Junior Gold Miners ETF 0.1 50 15 6.0 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -1 6.8 -0.4
HART IQ Healthy Hearts ETF 0.1 45 20 5.2 -1.9
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 4.8 -2.4
FLHK Franklin FTSE Hong Kong ETF 0.1 9 56 7.4 +0.2
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 4 4.0 -3.1
URA Global X Uranium ETF 0.1 69 -4 3.2 -3.9
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -2.2 -9.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 40 6.5 -0.6
CQQQ Invesco China Technology ETF 0.1 70 -5 -6.9 -14.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -3 5.7 -1.5
HAIL SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 -2.8 -9.9
WUGI AXS Esoterica NextG Economy ETF 0.1 75 -10 2.8 -4.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 16 6.6 -0.5
VPL Vanguard FTSE Pacific ETF 0.1 8 57 6.9 -0.2
CRAK VanEck Oil Refiners ETF 0.1 61 4 13.9 +6.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -5 6.3 -0.9
IWM iShares Russell 2000 ETF 0.1 19 46 3.4 -3.8
DFAS Dimensional U.S. Small Cap ETF 0.1 26 39 5.7 -1.4
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 4.6 -2.5
RSSL Global X Russell 2000 ETF 0.1 8 57 3.0 -4.2
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -45 5.9 -1.2
CGGO Capital Group Global Growth Equity ETF 0.1 47 18 4.8 -2.4
DWM WisdomTree International Equity Fund 0.1 48 17 7.8 +0.6
VTWO Vanguard Russell 2000 ETF 0.1 10 55 3.3 -3.8
RING iShares MSCI Global Gold Miners ETF 0.0 39 26 5.6 -1.6
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.8 -0.3
BITQ Bitwise Crypto Industry Innovators ETF 0.0 85 -20 -1.5 -8.7
BKCH Global X Blockchain ETF 0.0 50 15 -3.7 -10.8
DAPP VanEck Digital Transformation ETF 0.0 50 15 -1.6 -8.7
GFOF Grayscale Future of Finance ETF 0.0 70 -5 0.2 -6.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -0.7 -7.8
IBLC iShares Blockchain and Tech ETF 0.0 47 18 -0.9 -8.1
EV Mast Global Battery Recycling & Production ETF 0.0 65 0 13.2 +6.0
MOON Direxion Moonshot Innovators ETF 0.0 65 0 0.0 -7.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.5 +0.3
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 7.0 -0.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 8.5 +1.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.0 46 19 5.4 -1.8
VRAI Virtus Real Asset Income ETF 0.0 55 10 8.3 +1.1
DWLD Davis Select Worldwide ETF 0.0 63 2 7.0 -0.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 40 6.2 -0.9
SXUS Janus Henderson International Sustainable Equity ETF 0.0 60 5 4.1 -3.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.0 65 0 7.0 -0.1
EBIZ Global X E-Commerce ETF 0.0 50 15 1.2 -6.0
IBUY Amplify Online Retail ETF 0.0 65 0 1.5 -5.6
AVIV Avantis International Large Cap Value ETF 0.0 25 40 8.8 +1.7
JFWD Jacob Forward ETF 0.0 75 -10 0.0 -7.1
MRAD SmartETFs Advertising & Marketing Technology ETF 0.0 68 -3 5.7 -1.5
VICE AdvisorShares Vice ETF 0.0 99 -34 5.4 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.8 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.3 -1.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 4.0 -3.2
DAT ProShares Big Data Refiners ETF 0.0 58 7 1.5 -5.7
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 7.5 +0.4
AVDE Avantis International Equity ETF 0.0 23 42 7.8 +0.6
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -7.0 -14.1
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 4.9 -2.2
DARP Grizzle Growth ETF 0.0 75 -10 3.9 -3.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.0 20 45 10.2 +3.1
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 2.5 -4.6
AHOY Newday Ocean Health ETF 0.0 75 -10 5.5 -1.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.1 -1.0
PTEC Global X PropTech ETF 0.0 50 15 1.6 -5.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 45 6.9 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.7 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 7.2 +0.1
FCA First Trust China AlphaDEX Fund 0.0 80 -15 18.1 +11.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 7.9 +0.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.0 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.0 70 -5 3.8 -3.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 6.7 -0.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.6 -1.6
CLOU Global X Cloud Computing ETF 0.0 68 -3 2.1 -5.1
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 52 2.3 -4.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.0 68 -3 4.2 -2.9
BWEB Bitwise Web3 ETF 0.0 85 -20 0.9 -6.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.6 +0.4
MCHI iShares MSCI China ETF 0.0 59 6 9.1 +1.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 5.4 -1.8
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.9 -1.2
DEW WisdomTree Global High Dividend Fund 0.0 58 7 8.7 +1.5
FINX Global X FinTech ETF 0.0 68 -3 3.4 -3.8
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 8.9 +1.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 4 19.9 +12.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.8 -0.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 59 7.1 0.0
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -4.3 -11.4
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.8 -0.4
BKF iShares MSCI BIC ETF 0.0 69 -4 7.3 +0.2
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 50 5.7 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 45 6.2 -0.9
NIKL Sprott Nickel Miners ETF 0.0 75 -10 10.6 +3.5
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.7 -0.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.3 -1.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 5.1 -2.0
IWV iShares Russell 3000 ETF 0.0 20 45 5.0 -2.2
SCHF Schwab International Equity ETF 0.0 6 59 7.1 -0.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 50 1.5 -5.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.0 -0.2
IWO iShares Russell 2000 Growth ETF 0.0 24 41 1.4 -5.7
VTHR Vanguard Russell 3000 ETF 0.0 10 55 5.1 -2.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 5.1 -2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.6 -1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 6.7 -0.4
BLES Inspire Global Hope ETF 0.0 61 4 6.4 -0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.6 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 7.4 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 6.6 -0.6
WWJD Inspire International ETF 0.0 80 -15 6.9 -0.2
STXE Strive Emerging Markets Ex-China ETF 0.0 32 33 6.8 -0.3

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%.

Content on this tab for subscribers only**

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 9.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.