SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 1.8%


  • 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) $698
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 1349
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 24.1 %
INFRACAP EQUITY INCOME FUND ETF 1.8 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.7 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.7 %
CLOCKWISE CORE EQUITY & INNOVATION 0.6 %
WINWAY TECHNOLOGY CO LTD 0.5 %
MACRONIX INTERNATIONAL 0.5 %
FLEXSHARES TRUST FLEXSHARES STOXX 0.4 %
PROSHARES S&P GLOBAL CORE BATTERY 0.4 %
Total 30.5 %

TOP COUNTRY EXPOSURE
TAIWAN 18.0 %
INDIA 7.0 %
CHINA 5.4 %
BRAZIL 3.0 %
MALAYSIA 2.9 %
SOUTH AFRICA 2.9 %
THAILAND 2.3 %
SAUDI ARABIA 2.1 %
TURKEY 1.8 %
HONG KONG 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
6.7% 26.4% 8.2% 10.0% 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.54 46%
MSCI EAFE 0.72 59%
MSCI Emg. Mkts. 0.76 80%

Technical Indicators
Recent close $65.88
30d moving avg. $68.20
Annualized volatility 12.3%
Short interest (ETF) 3.3%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 38
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 340 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™: 7.0%


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 26.7 70 -5 6.9 -0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 16.9 58 7 8.8 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.7 59 6 9.3 +2.3
XCNY SPDR S&P Emerging Markets ex-China ETF 12.8 15 50 6.3 -0.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 11.2 53 12 6.0 -1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 10.9 8 57 6.6 -0.4
AVES Avantis Emerging Markets Value ETF 9.1 36 29 9.5 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.9 38 27 7.7 +0.7
DFEV Dimensional Emerging Markets Value ETF 8.6 43 22 10.7 +3.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.2 33 32 7.1 +0.1
DEM WisdomTree Emerging Markets High Dividend Fund 7.9 63 2 11.3 +4.3
AVSE Avantis Responsible Emerging Markets Equity ETF 7.7 33 32 7.5 +0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.7 41 24 7.5 +0.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.4 80 -15 12.0 +5.0
SMIN iShares MSCI India Small Cap ETF 5.5 79 -14 3.7 -3.3
AVEM Avantis Emerging Markets Equity ETF 5.2 33 32 7.9 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 4.7 7 58 10.0 +3.0
DFAE Dimensional Emerging Core Equity Market ETF 4.6 35 30 7.7 +0.7
ECNS iShares MSCI China Small-Cap ETF 4.5 59 6 8.1 +1.1
VWO Vanguard FTSE Emerging Markets ETF 4.2 7 58 9.6 +2.7
IEMG iShares Core MSCI Emerging Markets ETF 3.8 9 56 9.0 +2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.6 12 53 8.5 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 3.3 49 16 9.2 +2.2
EPI WisdomTree India Earnings Fund 2.8 85 -20 5.0 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.7 30 35 6.8 -0.2
BRF VanEck Brazil Small-Cap ETF 2.6 66 -1 11.0 +4.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 6 11.4 +4.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 8.3 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 21 9.6 +2.6
GXC SPDR S & P China ETF 2.1 59 6 17.1 +10.1
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 33 6.5 -0.5
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 16 9.2 +2.2
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -1 10.0 +3.0
THD iShares MSCI Thailand ETF 1.6 58 7 0.0 -7.0
KSA iShares MSCI Saudi Arabia ETF 1.5 74 -9 0.0 -7.0
DVYE iShares Emerging Markets Dividend ETF 1.4 49 16 17.8 +10.8
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 26 7.3 +0.3
VSGX Vanguard ESG International Stock ETF 1.3 10 55 7.1 +0.2
TUR iShares MSCI Turkey ETF 1.3 58 7 12.7 +5.7
VXUS Vanguard Total International Stock ETF 1.2 5 60 7.1 +0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 15 9.1 +2.1
FLTW Franklin FTSE Taiwan ETF 1.1 19 46 4.8 -2.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.1 90 -25 4.5 -2.5
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 58 7.0 +0.0
EIDO iShares MSCI Indonesia ETF 1.1 59 6 8.4 +1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 56 5.3 -1.7
AVRE Avantis Real Estate ETF 1.0 17 48 7.0 +0.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 26 8.8 +1.8
VIDI Vident International Equity Strategy ETF 0.9 61 4 9.0 +2.0
EWW iShares MSCI Mexico ETF 0.9 50 15 8.6 +1.6
DFGR Dimensional Global Real Estate ETF 0.9 22 43 7.2 +0.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.9 47 18 5.0 -2.0
VEXC Vanguard Emerging Markets Ex-China ETF 0.9 7 58 6.3 -0.7
SDIV Global X Superdividend ETF 0.8 58 7 13.7 +6.7
SCHE Schwab Emerging Markets Equity ETF 0.8 11 54 9.9 +2.9
FLLA Franklin FTSE Latin America ETF 0.8 19 46 10.8 +3.8
REET iShares Global REIT ETF 0.8 14 51 7.2 +0.2
UAE iShares MSCI UAE ETF 0.8 59 6 0.0 -7.0
FLSA Franklin FTSE Saudi Arabia ETF 0.7 39 26 0.0 -7.0
IDX VanEck Indonesia Index ETF 0.7 57 8 7.7 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 33 8.3 +1.3
CGW Invesco S&P Global Water Index ETF 0.6 57 8 4.4 -2.6
PBD Invesco Global Clean Energy ETF 0.6 75 -10 0.3 -6.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 16 14.1 +7.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -15 9.4 +2.4
JIVE JPMorgan International Value ETF 0.6 55 10 9.0 +2.0
GREK Global X MSCI Greece ETF 0.6 57 8 10.5 +3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 33 13.2 +6.2
PGJ Invesco Golden Dragon China ETF 0.5 70 -5 13.2 +6.2
FLBR Franklin FTSE Brazil ETF 0.5 19 46 11.8 +4.8
BLDG Cambria Global Real Estate ETF 0.5 60 5 11.4 +4.4
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 42 7.6 +0.6
CUT Invesco MSCI Global Timber ETF 0.5 61 4 8.1 +1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 14.4 +7.4
WSGE Warren Street Global Equity ETF 0.5 80 -15 3.1 -3.9
CGV Conductor Global Equity Value ETF 0.5 130 -65 7.8 +0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 7.0 +0.0
ECH iShares MSCI Chile ETF 0.4 58 7 7.6 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -30 11.0 +4.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 32 7.6 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 46 8.0 +1.0
FRGN Horizon International Equity ETF 0.4 75 -10 8.7 +1.7
ICLN iShares Global Clean Energy ETF 0.4 41 24 2.0 -5.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 8.2 +1.3
QAT iShares MSCI Qatar ETF 0.4 59 6 41.1 +34.1
VT Vanguard Total World Stock ETF 0.4 6 59 5.4 -1.6
AIS VistaShares Artificial Intelligence Supercycle ETF 0.4 75 -10 1.8 -5.2
FLCH Franklin FTSE China ETF 0.4 19 46 16.4 +9.4
TAN Invesco Solar ETF 0.3 67 -2 4.4 -2.6
BOAT SonicShares Global Shipping ETF 0.3 69 -4 22.7 +15.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 7 3.8 -3.2
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.1 -3.9
FLIN Franklin FTSE India ETF 0.3 19 46 4.1 -2.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 50 9.7 +2.7
CTEC Global X CleanTech ETF 0.3 50 15 -0.0 -7.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.8 -2.2
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -14 2.8 -4.2
FLMX Franklin FTSE Mexico ETF 0.3 19 46 9.1 +2.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 45 0.9 -6.1
FYLD Cambria Foreign Shareholder Yield ETF 0.3 59 6 10.7 +3.7
PIN Invesco India ETF 0.3 78 -13 4.7 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 26 7.2 +0.2
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -5 7.0 +0.0
DGIN VanEck Digital India ETF 0.3 71 -6 1.6 -5.4
AFK VanEck Africa Index ETF 0.3 98 -33 11.3 +4.3
RING iShares MSCI Global Gold Miners ETF 0.2 39 26 3.0 -4.0
SGDJ Sprott Junior Gold Miners ETF 0.2 50 15 1.8 -5.2
IBAT iShares Energy Storage & Materials ETF 0.2 47 18 2.1 -4.9
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 5.0 -2.0
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.3 +0.3
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 6.9 -0.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 5.5 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 7.2 +0.2
APIE ActivePassive International Equity ETF 0.2 45 20 6.7 -0.3
AQWA Global X Clean Water ETF 0.2 50 15 4.8 -2.2
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 6.3 -0.7
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 7.4 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 6.3 -0.7
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 4.0 -3.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 8.4 +1.4
SCHY Schwab International Dividend Equity ETF 0.2 14 51 8.5 +1.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 54 8.7 +1.7
AUAU Global X Gold Miners ETF 0.2 35 30 2.2 -4.8
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -7.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.0 -6.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 11.2 +4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 29 8.4 +1.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 25 6.5 -0.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -3 3.9 -3.1
AGNG Global X Aging Population ETF 0.2 50 15 4.2 -2.8
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.2 45 20 0.0 -7.0
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 8.4 +1.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.2 70 -5 9.7 +2.7
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 2.4 -4.6
SOCL Global X Social Media ETF 0.2 65 0 11.9 +4.9
ARVR First Trust Indxx Metaverse ETF 0.2 70 -5 4.4 -2.6
GLIN VanEck India Growth Leaders ETF 0.2 77 -12 5.6 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 8.4 +1.4
FPAG FPA Global Equity ETF 0.1 49 16 6.3 -0.7
PIO Invesco Global Water ETF 0.1 75 -10 4.4 -2.6
AVDV Avantis International Small Cap Value ETF 0.1 36 29 8.2 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.0 +3.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.7 +1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 10.0 +3.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.2 -2.8
IGF iShares Global Infrastructure ETF 0.1 41 24 4.2 -2.8
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 17.4 +10.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 7.4 +0.4
GOEX Global X Gold Explorers ETF 0.1 65 0 1.7 -5.3
BRAZ Global X Brazil Active ETF 0.1 75 -10 10.0 +3.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 10 6.2 -0.8
GVAL Cambria Global Value ETF 0.1 68 -3 9.6 +2.6
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 8.8 +1.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 6.4 -0.6
FRNW Fidelity Clean Energy ETF 0.1 39 26 2.0 -5.0
SPEU SPDR Portfolio Europe ETF 0.1 7 58 6.8 -0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.0 -2.0
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.4 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 8.1 +1.1
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.1 +0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 4.5 -2.5
INQQ India Internet & Ecommerce ETF 0.1 86 -21 0.6 -6.4
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 2.7 -4.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 9.4 +2.4
MINV Matthews Asia Innovators Active ETF 0.1 79 -14 6.7 -0.3
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 5.6 -1.4
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 6.4 -0.6
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 10.1 +3.1
RECS Columbia Research Enhanced Core ETF 0.1 15 50 5.6 -1.4
DAK Dakota Active Equity ETF 0.1 43 22 4.0 -3.0
IGRO iShares International Dividend Growth ETF 0.1 15 50 7.0 -0.0
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.2 -1.8
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 7.9 +1.0
PSC Principal U.S. Small-Cap ETF 0.1 38 27 4.1 -2.9
SLX VanEck Steel ETF 0.1 56 9 12.2 +5.2
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 9.6 +2.7
TRFM AAM Transformers ETF 0.1 49 16 1.2 -5.8
POW VistaShares Electrification Supercycle ETF 0.1 75 -10 2.5 -4.5
MOO VanEck Agribusiness ETF 0.1 53 12 8.5 +1.5
FINX Global X FinTech ETF 0.1 68 -3 3.0 -4.0
OTGL OTG Latin America ETF 0.1 269 -204 7.8 +0.8
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 11.0 +4.0
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 9.4 +2.4
COLO Global X MSCI Colombia ETF 0.1 62 3 16.9 +9.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1 29 36 8.8 +1.8
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.2 -10.2
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 7.7 +0.7
KAT Scharf ETF 0.1 87 -22 6.1 -0.9
GKAT Scharf Global Opportunity ETF 0.1 57 8 6.0 -1.0
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 5.5 -1.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 4 1.5 -5.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -0.7 -7.7
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -10 6.6 -0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 7.0 0.0
SMCF Themes US Small Cap Cash Flow Champions ETF 0.1 29 36 10.7 +3.7
SNSR Global X Internet of Things ETF 0.1 68 -3 4.3 -2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 7.3 +0.4
CLNR IQ Cleaner Transport ETF 0.1 45 20 3.9 -3.1
COPX Global X Copper Miners ETF 0.1 65 0 4.5 -2.5
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 6.0 -1.0
DIV Global X SuperDividend US ETF 0.1 45 20 9.7 +2.7
TBLU Tortoise Global Water ESG ETF 0.1 40 25 4.4 -2.6
FAN First Trust Global Wind Energy ETF 0.1 60 5 3.0 -4.0
IWN iShares Russell 2000 Value ETF 0.1 24 41 5.3 -1.7
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 5.5 -1.5
IPAC iShares Core MSCI Pacific ETF 0.1 9 56 5.8 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.0 -2.0
WRND IQ Global Equity R&D Leaders ETF 0.1 18 47 4.4 -2.6
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 7.2 +0.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 18 3.0 -4.0
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 1.4 -5.6
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 6.2 -0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 11.8 +4.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -21 0.3 -6.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 2.6 -4.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.1 69 -4 2.0 -5.0
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 -1.6 -8.6
BKCH Global X Blockchain ETF 0.1 50 15 -3.3 -10.3
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -1.4 -8.4
BWEB Bitwise Web3 ETF 0.1 85 -20 -0.0 -7.0
RCGE RockCreek Global Equality ETF 0.1 95 -30 6.4 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 -0.9 -7.9
HERO Global X Video Games & Esports ETF 0.1 50 15 5.6 -1.4
NERD Roundhill Video Games ETF 0.1 50 15 7.3 +0.3
WSML iShares MSCI World Small-Cap ETF 0.1 15 50 5.8 -1.2
ARTY iShares Future AI & Tech ETF 0.1 47 18 3.5 -3.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 28 7.3 +0.3
CQQQ Invesco China Technology ETF 0.1 70 -5 15.2 +8.2
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.5 -0.5
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.4 -9.4
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -7.0
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 5.6 -1.4
EPOL iShares MSCI Poland ETF 0.1 59 6 10.2 +3.2
IWC iShares Micro-Cap ETF 0.1 60 5 -1.5 -8.5
SHLD Global X Defense Tech ETF 0.1 50 15 2.4 -4.6
DRNZ REX Drone ETF 0.1 65 0 -1.6 -8.5
RSSL Global X Russell 2000 ETF 0.1 8 57 3.0 -4.0
VPL Vanguard FTSE Pacific ETF 0.1 7 58 5.9 -1.1
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.1 -0.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 4 6.5 -0.5
RNRG Global X Renewable Energy Producers ETF 0.0 66 -1 4.6 -2.4
EPU iShares MSCI Peru and Global Exposure ETF 0.0 59 6 4.6 -2.4
MCH Matthews China Active ETF 0.0 79 -14 14.7 +7.7
IWM iShares Russell 2000 ETF 0.0 19 46 3.0 -4.0
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.6 -2.4
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 6 1.9 -5.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 36 8.0 +1.0
TMAT Main Thematic Innovation ETF 0.0 164 -99 -2.0 -9.0
DWM WisdomTree International Equity Fund 0.0 48 17 5.9 -1.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 5.5 -1.5
DXIV Dimensional International Vector Equity ETF 0.0 34 31 6.9 -0.1
DFIS Dimensional International Small Cap ETF 0.0 39 26 6.5 -0.5
SETM Sprott Energy Transition Materials ETF 0.0 65 0 1.7 -5.3
FDHT Fidelity Digital Health ETF 0.0 39 26 1.7 -5.3
VTWO Vanguard Russell 2000 ETF 0.0 7 58 3.1 -3.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 6.1 -0.9
DISV Dimensional International Small Cap Value ETF 0.0 42 23 8.6 +1.6
VRAI Virtus Real Asset Income ETF 0.0 55 10 8.7 +1.7
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 -0.4 -7.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.4 -0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 5.9 -1.1
AVSD Avantis Responsible International Equity ETF 0.0 23 42 6.3 -0.7
BFOR ALPS Barron's 400 ETF 0.0 65 0 5.3 -1.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 3.7 -3.3
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 2.9 -4.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 3.6 -3.4
IBB iShares Biotechnology ETF 0.0 45 20 -0.5 -7.5
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -7.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 6.4 -0.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.0 88 -23 9.1 +2.1
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 6.4 -0.6
EBI Longview Advantage ETF 0.0 35 30 6.4 -0.6
AVDE Avantis International Equity ETF 0.0 23 42 6.5 -0.5
DTH WisdomTree International High Dividend Fund 0.0 58 7 7.6 +0.6
SFGV Sequoia Global Value ETF 0.0 23 42 7.4 +0.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.2 -0.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 3.9 -3.1
EBIZ Global X E-Commerce ETF 0.0 50 15 4.7 -2.3
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.6 -6.4
NIKL Sprott Nickel Miners ETF 0.0 75 -10 7.3 +0.3
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.4 -11.4
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.6 +0.6
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -3.5 -10.5
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -1.3 -8.3
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 6.6 -0.4
MNRS Grayscale Bitcoin Miners ETF 0.0 59 6 -2.8 -9.8
BLES Inspire Global Hope ETF 0.0 61 4 6.1 -0.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.0 -2.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 0.7 -6.3
WWJD Inspire International ETF 0.0 80 -15 6.6 -0.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 6.5 -0.5
AVIV Avantis International Large Cap Value ETF 0.0 25 40 7.3 +0.3
DEW WisdomTree Global High Dividend Fund 0.0 58 7 7.5 +0.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.2 -3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 8.8 +1.8
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 5.5 -1.5
AWAY ETFMG Travel Tech ETF 0.0 76 -11 1.2 -5.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 4.9 -2.1
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.9 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.3 -0.7
XT iShares Exponential Technologies ETF 0.0 46 19 4.4 -2.6
DXUV Dimensional US Vector Equity ETF 0.0 28 37 5.6 -1.4
SCHF Schwab International Equity ETF 0.0 6 59 6.4 -0.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 6.3 -0.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.6 -2.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.0 65 0 4.4 -2.6
IWV iShares Russell 3000 ETF 0.0 20 45 4.3 -2.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.0 -2.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.4 -2.6
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.4 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 7.8 +0.8
GLOF iShares Global Equity Factor ETF 0.0 20 45 6.0 -1.0
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.0 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.8 -0.2
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.2 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.1 -1.9
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.9 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.5 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 8.0 +1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 5.5 -1.5
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 8.7 +1.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 8.5 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 8.9 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 6.0 -1.0
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 7.6 +0.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 9.4 +2.4
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.3 +3.3
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 6.5 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 8.3 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 6.3 -0.7
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 12.7 +5.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 4.8 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 6.7 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 8.5 +1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 4.8 -2.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 9.9 +2.9
XCEM Columbia EM Core ex-China ETF 0.0 16 49 5.8 -1.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 5.9 -1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 6.8 -0.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 12.1 +5.1

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 7.0 %
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.