SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.2x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 2.0%


  • 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) $732
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 1358
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 30.2 %
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 36.5 %

TOP COUNTRY EXPOSURE
TAIWAN 16.8 %
INDIA 7.4 %
CHINA 5.5 %
SOUTH AFRICA 3.1 %
BRAZIL 3.0 %
MALAYSIA 3.0 %
THAILAND 2.5 %
SAUDI ARABIA 2.5 %
TURKEY 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.
14.8% 9.8% 11.2% 8.2% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.65 46%
MSCI EAFE 0.47 32%
MSCI Emg. Mkts. 0.56 52%

Technical Indicators
Recent close $64.81
30d moving avg. $67.16
Annualized volatility 12.3%
Short interest (ETF) 3.6%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 91
Turnover 0.8%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 342 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™: 8.0%


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 37.5 70 -5 7.7 -0.4
EIDO iShares MSCI Indonesia ETF 31.3 59 6 7.8 -0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 25.5 42 23 9.8 +1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 18.5 58 7 9.6 +1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 14.0 15 50 7.3 -0.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 12.0 53 12 7.3 -0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.9 59 6 8.7 +0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.3 8 57 7.4 -0.6
AVES Avantis Emerging Markets Value ETF 11.1 36 29 10.9 +2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.2 38 27 8.7 +0.7
DFEV Dimensional Emerging Markets Value ETF 9.0 43 22 12.1 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.4 33 32 8.2 +0.2
DEM WisdomTree Emerging Markets High Dividend Fund 8.3 63 2 13.0 +4.9
AVSE Avantis Responsible Emerging Markets Equity ETF 7.4 33 32 8.1 +0.1
AVEM Avantis Emerging Markets Equity ETF 7.4 33 32 8.3 +0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.2 41 24 8.3 +0.3
SMIN iShares MSCI India Small Cap ETF 6.3 79 -14 3.7 -4.3
IEMG iShares Core MSCI Emerging Markets ETF 6.2 9 56 9.9 +1.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.1 80 -15 14.3 +6.3
SPEM SPDR Portfolio Emerging Markets ETF 4.9 7 58 10.5 +2.5
DFAE Dimensional Emerging Core Equity Market ETF 4.8 35 30 8.7 +0.7
ECNS iShares MSCI China Small-Cap ETF 4.4 59 6 9.4 +1.4
VWO Vanguard FTSE Emerging Markets ETF 4.2 7 58 10.3 +2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.8 12 53 8.3 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 3.3 49 16 9.6 +1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 35 7.7 -0.4
BRF VanEck Brazil Small-Cap ETF 2.7 66 -1 11.6 +3.6
UAE iShares MSCI UAE ETF 2.5 59 6 0.0 -8.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 6 11.4 +3.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 6.8 -1.2
EPI WisdomTree India Earnings Fund 2.2 85 -20 4.9 -3.1
XC WisdomTree Emerging Markets Ex-China Fund 2.1 32 33 5.5 -2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.1 44 21 10.5 +2.5
KSA iShares MSCI Saudi Arabia ETF 2.0 74 -9 0.0 -8.0
GXC SPDR S & P China ETF 1.9 59 6 16.0 +8.0
THD iShares MSCI Thailand ETF 1.9 58 7 0.0 -8.0
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 16 9.4 +1.4
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -1 11.8 +3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 15 10.4 +2.4
IGRO iShares International Dividend Growth ETF 1.5 15 50 7.1 -0.9
FLTW Franklin FTSE Taiwan ETF 1.4 19 46 6.2 -1.8
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 26 9.1 +1.1
TUR iShares MSCI Turkey ETF 1.4 58 7 17.1 +9.1
DVYE iShares Emerging Markets Dividend ETF 1.4 49 16 18.0 +10.0
VSGX Vanguard ESG International Stock ETF 1.3 10 55 7.6 -0.4
VXUS Vanguard Total International Stock ETF 1.2 5 60 7.8 -0.3
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 58 7.7 -0.4
FLLA Franklin FTSE Latin America ETF 1.0 19 46 12.5 +4.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 26 11.3 +3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -25 5.0 -3.0
DFGR Dimensional Global Real Estate ETF 0.9 22 43 7.8 -0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 33 8.5 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 56 5.7 -2.3
SCHE Schwab Emerging Markets Equity ETF 0.9 11 54 10.7 +2.6
EPOL iShares MSCI Poland ETF 0.8 59 6 11.3 +3.3
IDX VanEck Indonesia Index ETF 0.8 57 8 7.2 -0.8
SDIV Global X Superdividend ETF 0.8 58 7 42.2 +34.2
FLSA Franklin FTSE Saudi Arabia ETF 0.8 39 26 0.0 -8.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 18 5.5 -2.5
FLBR Franklin FTSE Brazil ETF 0.7 19 46 14.0 +5.9
EWW iShares MSCI Mexico ETF 0.7 50 15 9.5 +1.5
REET iShares Global REIT ETF 0.7 14 51 7.7 -0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 16 15.0 +7.0
PGJ Invesco Golden Dragon China ETF 0.7 70 -5 14.3 +6.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 32 9.4 +1.4
AVRE Avantis Real Estate ETF 0.6 17 48 7.4 -0.6
CGW Invesco S&P Global Water Index ETF 0.6 57 8 4.8 -3.2
VIDI Vident International Equity Strategy ETF 0.6 61 4 10.6 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 50 7.6 -0.4
PBD Invesco Global Clean Energy ETF 0.6 75 -10 1.0 -7.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 15.6 +7.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.5 19 46 8.5 +0.5
BLDG Cambria Global Real Estate ETF 0.5 60 5 11.7 +3.7
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 23 7.5 -0.5
QAT iShares MSCI Qatar ETF 0.5 59 6 51.4 +43.4
CUT Invesco MSCI Global Timber ETF 0.5 61 4 11.3 +3.3
XCEM Columbia EM Core ex-China ETF 0.5 16 49 7.8 -0.3
CGV Conductor Global Equity Value ETF 0.5 130 -65 8.1 +0.1
GREK Global X MSCI Greece ETF 0.5 57 8 10.8 +2.8
DWCR Arrow DWA Tactical: International ETF 0.5 134 -69 7.2 -0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -15 11.1 +3.1
ECH iShares MSCI Chile ETF 0.5 58 7 7.4 -0.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -23 8.1 +0.1
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 42 8.3 +0.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -30 11.1 +3.1
JIVE JPMorgan International Value ETF 0.4 55 10 11.0 +3.0
FLCH Franklin FTSE China ETF 0.4 19 46 15.7 +7.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -14 8.1 +0.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 9.5 +1.5
ICLN iShares Global Clean Energy ETF 0.4 41 24 3.4 -4.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 45 3.1 -5.0
VT Vanguard Total World Stock ETF 0.4 6 59 5.9 -2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 29 9.2 +1.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 25 7.0 -1.0
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.5 -4.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 54 9.4 +1.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 10 7.0 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 6.5 -1.5
CTEC Global X CleanTech ETF 0.3 50 15 0.7 -7.3
FLIN Franklin FTSE India ETF 0.3 19 46 4.0 -4.0
RING iShares MSCI Global Gold Miners ETF 0.3 39 26 4.1 -3.9
SGDJ Sprott Junior Gold Miners ETF 0.3 50 15 3.5 -4.5
FLMX Franklin FTSE Mexico ETF 0.3 19 46 10.0 +2.0
GEW Cambria Global EW ETF 0.3 29 36 0.0 -8.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 5.2 -2.8
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -10 2.8 -5.2
TAN Invesco Solar ETF 0.3 67 -2 6.2 -1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 26 5.9 -2.2
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -5 8.4 +0.4
BOAT SonicShares Global Shipping ETF 0.3 69 -4 25.8 +17.8
PIN Invesco India ETF 0.3 78 -13 4.7 -3.4
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -14 0.5 -7.6
HART IQ Healthy Hearts ETF 0.2 45 20 6.4 -1.6
DGIN VanEck Digital India ETF 0.2 71 -6 1.8 -6.2
AFK VanEck Africa Index ETF 0.2 98 -33 15.0 +7.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 12.2 +4.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 24 6.5 -1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.6 -3.5
SCHC Schwab International Small-Cap Equity ETF 0.2 11 54 7.7 -0.3
AQWA Global X Clean Water ETF 0.2 50 15 5.2 -2.8
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 5 5.0 -3.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.3 -6.7
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.8 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 61 7.8 -0.2
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.2 45 20 1.7 -6.3
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 4.1 -3.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 33 13.9 +5.9
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 11.4 +3.4
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 7.1 -0.9
APIE ActivePassive International Equity ETF 0.2 45 20 7.3 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 7.0 -1.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 48 9.2 +1.2
SHPP Pacer Industrials and Logistics ETF 0.2 60 5 8.4 +0.4
SCHY Schwab International Dividend Equity ETF 0.2 14 51 9.4 +1.4
FPAG FPA Global Equity ETF 0.2 49 16 5.9 -2.1
AGNG Global X Aging Population ETF 0.2 50 15 4.5 -3.5
GINN Goldman Sachs Innovate Equity ETF 0.2 52 13 3.8 -4.2
EPHE iShares MSCI Philippines ETF 0.2 59 6 0.0 -8.0
INQQ India Internet & Ecommerce ETF 0.2 86 -21 1.3 -6.7
DEW WisdomTree Global High Dividend Fund 0.2 58 7 8.3 +0.3
BRAZ Global X Brazil Active ETF 0.2 75 -10 11.9 +3.9
SOCL Global X Social Media ETF 0.2 65 0 11.6 +3.6
IPKW Invesco International BuyBack Achievers ETF 0.2 55 10 9.1 +1.1
ARVR First Trust Indxx Metaverse ETF 0.2 70 -5 4.3 -3.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.2 45 20 2.8 -5.3
GLIN VanEck India Growth Leaders ETF 0.2 77 -12 5.8 -2.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.2 60 5 3.3 -4.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 4 2.4 -5.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 4 -0.6 -8.6
CLNR IQ Cleaner Transport ETF 0.1 45 20 5.0 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.7 -2.3
AVDV Avantis International Small Cap Value ETF 0.1 36 29 9.1 +1.1
GOEX Global X Gold Explorers ETF 0.1 65 0 3.0 -5.0
PIO Invesco Global Water ETF 0.1 75 -10 4.5 -3.5
IBAT iShares Energy Storage & Materials ETF 0.1 47 18 2.8 -5.2
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.7 -3.3
IGF iShares Global Infrastructure ETF 0.1 41 24 4.7 -3.4
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 7.6 -0.4
SPEU SPDR Portfolio Europe ETF 0.1 7 58 7.3 -0.7
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.0 -1.1
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.3 -10.3
BKCH Global X Blockchain ETF 0.1 50 15 -5.0 -13.0
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -1.8 -9.8
BWEB Bitwise Web3 ETF 0.1 85 -20 0.1 -7.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.1 45 20 10.3 +2.3
FEOE First Eagle Overseas Equity ETF 0.1 79 -14 7.2 -0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 9.7 +1.7
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.4 -2.6
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 11.0 +3.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 9.5 +1.5
POW VistaShares Electrification Supercycle ETF 0.1 75 -10 3.7 -4.3
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 19.1 +11.1
GVAL Cambria Global Value ETF 0.1 68 -3 10.7 +2.7
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.4 -11.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 10.1 +2.0
PSC Principal U.S. Small-Cap ETF 0.1 38 27 7.2 -0.9
XT iShares Exponential Technologies ETF 0.1 46 19 4.8 -3.2
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 4.7 -3.4
OTGL OTG Latin America ETF 0.1 269 -204 8.6 +0.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 10.6 +2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.8 -2.2
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.9 -4.1
DAK Dakota Active Equity ETF 0.1 43 22 4.6 -3.5
IWN iShares Russell 2000 Value ETF 0.1 24 41 7.9 -0.1
FINX Global X FinTech ETF 0.1 68 -3 3.3 -4.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.3 +0.2
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 10.2 +2.2
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 8.0 +0.0
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 11.2 +3.2
FRNW Fidelity Clean Energy ETF 0.1 39 26 2.4 -5.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -3 4.9 -3.1
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 8.5 +0.5
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 6 2.7 -5.3
WOOD iShares Global Timber & Forestry ETF 0.1 42 23 13.6 +5.6
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -8.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.6 -2.4
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.7 -3.4
MOO VanEck Agribusiness ETF 0.1 53 12 11.0 +2.9
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -60 7.0 -1.0
HERO Global X Video Games & Esports ETF 0.1 50 15 4.6 -3.4
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 7 7.4 -0.6
SNSR Global X Internet of Things ETF 0.1 68 -3 5.1 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1 29 36 9.0 +0.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 10 6.3 -1.8
DRGN Themes China Generative Artificial Intelligence ETF 0.1 39 26 11.3 +3.3
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 10.9 +2.9
IWC iShares Micro-Cap ETF 0.1 60 5 -1.6 -9.6
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.7 +2.7
FLHK Franklin FTSE Hong Kong ETF 0.1 9 56 4.3 -3.7
DWM WisdomTree International Equity Fund 0.1 48 17 7.2 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 20 9.7 +1.7
FAN First Trust Global Wind Energy ETF 0.1 60 5 4.2 -3.8
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 10.3 +2.2
IDRV iShares Self-driving EV & Tech ETF 0.1 47 18 1.4 -6.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 8.5 +0.5
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 6.8 -1.3
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.1 45 20 1.5 -6.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 1.4 -6.7
NERD Roundhill Video Games ETF 0.1 50 15 6.7 -1.3
COPX Global X Copper Miners ETF 0.1 65 0 6.0 -2.0
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 8.2 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.2 -0.9
TBLU Tortoise Global Water ESG ETF 0.1 40 25 4.7 -3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 9.6 +1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 14.6 +6.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -21 0.5 -7.5
COLO Global X MSCI Colombia ETF 0.1 62 3 21.0 +13.0
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 7.3 -0.7
RCGE RockCreek Global Equality ETF 0.1 95 -30 6.8 -1.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.1 65 0 5.4 -2.6
IWM iShares Russell 2000 ETF 0.1 19 46 4.4 -3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 4.5 -3.6
VTWO Vanguard Russell 2000 ETF 0.1 7 58 4.4 -3.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 4.1 -3.9
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -5.6 -13.6
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -0.9 -8.9
MNRS Grayscale Bitcoin Miners ETF 0.1 59 6 0.0 -8.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 7.8 -0.2
RSSL Global X Russell 2000 ETF 0.1 8 57 4.3 -3.7
EBIZ Global X E-Commerce ETF 0.1 50 15 4.3 -3.7
DIV Global X SuperDividend US ETF 0.1 45 20 10.8 +2.8
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 6 6.2 -1.8
RODE Hartford Multifactor Diversified International ETF 0.1 29 36 10.3 +2.3
KAT Scharf ETF 0.1 87 -22 6.1 -1.9
GKAT Scharf Global Opportunity ETF 0.1 57 8 6.3 -1.8
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 7.1 -1.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.8 +1.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 4 5.5 -2.5
VPL Vanguard FTSE Pacific ETF 0.0 7 58 6.5 -1.5
DMAT Global X Disruptive Materials ETF 0.0 59 6 7.3 -0.7
RNRG Global X Renewable Energy Producers ETF 0.0 66 -1 5.3 -2.7
CQQQ Invesco China Technology ETF 0.0 70 -5 16.1 +8.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.2 -1.8
DXIV Dimensional International Vector Equity ETF 0.0 34 31 7.7 -0.4
MCH Matthews China Active ETF 0.0 79 -14 14.3 +6.3
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.9 -1.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 7.9 -0.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.0 47 18 3.8 -4.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 11.3 +3.3
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.1 +0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 28 7.9 -0.1
DFIS Dimensional International Small Cap ETF 0.0 39 26 7.2 -0.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 36 7.7 -0.3
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.3 -3.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 6.9 -1.2
BFOR ALPS Barron's 400 ETF 0.0 65 0 6.2 -1.9
FDHT Fidelity Digital Health ETF 0.0 39 26 1.5 -6.5
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 -0.5 -8.5
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 3.0 -5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.5 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.4 -1.6
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 8.0 -0.0
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.0 12 53 7.6 -0.4
VRAI Virtus Real Asset Income ETF 0.0 55 10 10.8 +2.8
SETM Sprott Energy Transition Materials ETF 0.0 65 0 2.1 -5.9
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 4.0 -4.1
DISV Dimensional International Small Cap Value ETF 0.0 42 23 9.1 +1.0
DINT Davis Select International ETF 0.0 55 10 8.0 -0.1
DWLD Davis Select Worldwide ETF 0.0 63 2 7.5 -0.6
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 0.5 -7.5
TMAT Main Thematic Innovation ETF 0.0 164 -99 -1.5 -9.5
IBRN iShares Neuroscience and Healthcare ETF 0.0 47 18 0.0 -8.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 62 7.0 -1.0
VICE AdvisorShares Vice ETF 0.0 99 -34 6.8 -1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 9.0 +1.0
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.2 -2.8
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.5 -1.6
BOTZ Global X Robotics & Artificial Intelligence ETF 0.0 69 -4 2.3 -5.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 6.0 -2.0
IWO iShares Russell 2000 Growth ETF 0.0 24 41 0.9 -7.1
EBI Longview Advantage ETF 0.0 35 30 6.9 -1.2
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 1.0 -7.0
NIKL Sprott Nickel Miners ETF 0.0 75 -10 9.9 +1.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.2 -0.8
PKW Invesco Buyback Achievers ETF 0.0 62 3 8.4 +0.4
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.6 -0.4
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 3.9 -4.2
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.7 -12.7
AVIV Avantis International Large Cap Value ETF 0.0 25 40 8.4 +0.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.7 -2.4
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 8.2 +0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.4 -0.6
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 6.0 -2.0
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -0.1 -8.1
VXF Vanguard Extended Market ETF 0.0 5 60 4.9 -3.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.5 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.8 -1.2
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.4 -0.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 6.9 -1.1
DXUV Dimensional US Vector Equity ETF 0.0 28 37 6.3 -1.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.2 -2.9
SCHF Schwab International Equity ETF 0.0 6 59 7.0 -1.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.9 -3.2
VTHR Vanguard Russell 3000 ETF 0.0 7 58 5.0 -3.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 -3.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 5.0 -3.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.5 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 8.6 +0.5
GLOF iShares Global Equity Factor ETF 0.0 20 45 6.9 -1.2
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 -2.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.5 -0.6
AVDE Avantis International Equity ETF 0.0 23 42 7.2 -0.8
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.9 -2.1
BLES Inspire Global Hope ETF 0.0 61 4 7.0 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.7 -2.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.5 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.2 -0.8
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 9.6 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 9.2 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.8 +1.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 7.1 -1.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 11.7 +3.7
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 11.3 +3.3
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 7.5 -0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 7.4 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.2 -2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 7.3 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 8.8 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 5.1 -2.9
WWJD Inspire International ETF 0.0 80 -15 7.2 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.3 -1.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 16.5 +8.5

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 1.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.0 %
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.