SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.1x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Emerging SmallCap ETF objective is to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date May 12, 2008
Assets (mns) $647
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 1387
Wgt avg mkt cap (mns) $667
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
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
INFRACAP EQUITY INCOME FUND ETF 0.6 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.5 %
ISHARES MSCI INDIA ETF 0.4 %
SSI US GOV MONEY MARKET CLASS 0.3 %
VST INDUSTRIES LTD 0.3 %
VANGUARD MEGA CAP ETF 0.3 %
CLOCKWISE CORE EQUITY & INNOVATION 0.3 %
ZAI LAB LTD 0.3 %
ASSECO POLAND SA 0.2 %
Total 4.1 %

TOP COUNTRY EXPOSURE
TAIWAN 18.0 %
CHINA 8.4 %
INDIA 8.3 %
MALAYSIA 3.2 %
SOUTH AFRICA 2.6 %
THAILAND 2.6 %
BRAZIL 2.2 %
SAUDI ARABIA 2.0 %
TURKEY 2.0 %
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.
-2.5% 2.8% 9.0% 4.9% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.61 55%
MSCI EAFE 0.66 65%
MSCI Emg. Mkts. 0.76 87%

Technical Indicators
Recent close $57.28
30d moving avg. $58.27
Annualized volatility 14.1%
Short interest (ETF) 1.5%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 42
Turnover 0.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 332 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™: 8.1%


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 31.4 70 -5 7.8 -0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 20.3 58 7 10.1 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.7 59 6 13.7 +5.6
AVES Avantis Emerging Markets Value ETF 12.2 36 29 12.2 +4.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 12.1 7 58 7.0 -1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 11.0 38 27 9.9 +1.9
DFEV Dimensional Emerging Markets Value ETF 10.4 43 22 14.5 +6.4
DEM WisdomTree Emerging Markets High Dividend Fund 9.2 63 2 13.6 +5.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.2 41 24 9.4 +1.3
AVEM Avantis Emerging Markets Equity ETF 8.2 33 32 9.7 +1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 8.0 15 50 0.0 -8.1
ECNS iShares MSCI China Small-Cap ETF 7.4 59 6 10.8 +2.8
SMIN iShares MSCI India Small Cap ETF 7.0 79 -14 3.3 -4.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.8 80 -15 13.6 +5.5
SPEM SPDR Portfolio Emerging Markets ETF 6.1 7 58 10.9 +2.9
DFAE Dimensional Emerging Core Equity Market ETF 6.0 35 30 10.2 +2.1
VWO Vanguard FTSE Emerging Markets ETF 5.3 8 57 10.9 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 5.3 9 56 10.9 +2.9
GMF SPDR S&P Emerging Asia Pacific ETF 4.3 49 16 10.0 +2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.2 12 53 7.7 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.4 30 35 8.6 +0.5
GXC SPDR S&P China ETF 3.0 59 6 16.7 +8.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.5 90 -25 8.4 +0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 7.5 -0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 2.2 49 16 11.6 +3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.1 50 15 11.6 +3.5
THD iShares MSCI Thailand ETF 2.0 58 7 5.1 -3.0
EPI WisdomTree India Earnings Fund 2.0 85 -20 4.7 -3.4
BRF VanEck Brazil Small-Cap ETF 2.0 66 -1 12.9 +4.9
EYLD Cambria Emerging Shareholder Yield ETF 1.8 66 -1 13.1 +5.0
EWZS iShares MSCI Brazil Small-Cap ETF 1.8 59 6 13.3 +5.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.8 44 21 11.0 +3.0
VSGX Vanguard ESG International Stock ETF 1.7 12 53 8.2 +0.1
XC WisdomTree Emerging Markets Ex-China Fund 1.7 32 33 5.5 -2.6
TUR iShares MSCI Turkey ETF 1.7 58 7 19.2 +11.1
KSA iShares MSCI Saudi Arabia ETF 1.6 74 -9 5.7 -2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 26 14.1 +6.1
VEGI iShares MSCI Agriculture Producers ETF 1.5 39 26 8.8 +0.7
VXUS Vanguard Total International Stock ETF 1.5 7 58 8.3 +0.2
FLTW Franklin FTSE Taiwan ETF 1.4 19 46 7.0 -1.0
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 58 8.3 +0.2
DVYE iShares Emerging Markets Dividend ETF 1.3 49 16 18.9 +10.8
SCHE Schwab Emerging Markets Equity ETF 1.2 11 54 11.6 +3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.2 32 33 17.8 +9.7
UAE iShares MSCI UAE ETF 1.1 59 6 9.0 +0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 56 6.1 -2.0
EIDO iShares MSCI Indonesia ETF 1.0 59 6 8.5 +0.4
PGJ Invesco Golden Dragon China ETF 1.0 70 -5 13.9 +5.8
FLCH Franklin FTSE China ETF 0.9 19 46 17.2 +9.1
VIDI Vident International Equity Strategy ETF 0.8 61 4 12.0 +3.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 32 10.6 +2.5
IDX VanEck Indonesia Index ETF 0.8 57 8 8.4 +0.3
DFGR Dimensional Global Real Estate ETF 0.8 22 43 3.2 -4.9
EWW iShares MSCI Mexico ETF 0.8 50 15 9.6 +1.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 26 6.3 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -30 13.1 +5.0
EPOL iShares MSCI Poland ETF 0.7 59 6 11.6 +3.5
FLLA Franklin FTSE Latin America ETF 0.7 19 46 13.5 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 46 10.8 +2.8
IPKW Invesco International BuyBack Achievers ETF 0.7 55 10 15.3 +7.3
GREK Global X MSCI Greece ETF 0.7 57 8 11.7 +3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -23 10.3 +2.2
CUT Invesco MSCI Global Timber ETF 0.6 61 4 9.1 +1.1
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 18 6.5 -1.6
AVRE Avantis Real Estate ETF 0.6 17 48 3.3 -4.8
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 3 2.5 -5.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 26 16.9 +8.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 16 16.7 +8.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.6 41 24 6.5 -1.5
PBD Invesco Global Clean Energy ETF 0.6 75 -10 0.4 -7.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.6 29 36 8.7 +0.6
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 40 13.5 +5.5
GINN Goldman Sachs Innovate Equity ETF 0.5 52 13 4.4 -3.7
QAT iShares MSCI Qatar ETF 0.5 59 6 40.5 +32.5
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -14 3.8 -4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 8.6 +0.5
REET iShares Global REIT ETF 0.5 14 51 3.3 -4.7
GVAL Cambria Global Value ETF 0.5 68 -3 11.3 +3.2
ECH iShares MSCI Chile ETF 0.5 58 7 9.3 +1.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 18 4.4 -3.7
VT Vanguard Total World Stock ETF 0.5 7 58 6.3 -1.8
SDIV Global X Superdividend ETF 0.5 58 7 13.9 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 33 9.6 +1.6
ICLN iShares Global Clean Energy ETF 0.5 41 24 6.4 -1.7
FLBR Franklin FTSE Brazil ETF 0.5 19 46 15.3 +7.3
SCHC Schwab International Small-Cap Equity ETF 0.5 11 54 7.1 -1.0
DWCR Arrow DWA Tactical: International ETF 0.4 134 -69 7.6 -0.5
GLIN VanEck India Growth Leaders ETF 0.4 77 -12 6.4 -1.7
CGW Invesco S&P Global Water Index ETF 0.4 57 8 4.8 -3.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 11.0 +3.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 45 3.7 -4.4
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 5 5.0 -3.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 54 11.8 +3.7
CGV Conductor Global Equity Value ETF 0.4 130 -65 9.2 +1.1
AIS VistaShares Artificial Intelligence Supercycle ETF 0.4 75 -10 4.6 -3.4
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 21 11.3 +3.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 10 4.5 -3.6
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 40 12.4 +4.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 29 11.2 +3.1
FLSA Franklin FTSE Saudi Arabia ETF 0.4 39 26 5.9 -2.1
BLDG Cambria Global Real Estate ETF 0.4 60 5 4.2 -3.9
APIE ActivePassive International Equity ETF 0.4 45 20 7.7 -0.4
SOCL Global X Social Media ETF 0.3 65 0 12.9 +4.8
IBAT iShares Energy Storage & Materials ETF 0.3 47 18 5.3 -2.8
CQQQ Invesco China Technology ETF 0.3 70 -5 18.3 +10.3
XCEM Columbia EM Core ex-China ETF 0.3 16 49 8.5 +0.4
EPHE iShares MSCI Philippines ETF 0.3 59 6 10.1 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 57 8.5 +0.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.3 61 4 1.4 -6.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.3 61 4 -1.1 -9.1
VYMI Vanguard International High Dividend Yield ETF 0.3 22 43 10.0 +1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 26 8.3 +0.3
FBZ First Trust Brazil AlphaDEX Fund 0.3 80 -15 13.4 +5.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 18 5.8 -2.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 6.8 -1.3
GOEX Global X Gold Explorers ETF 0.3 65 0 4.6 -3.5
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.5 -3.6
FILL iShares MSCI Global Energy Producers ETF 0.3 39 26 11.4 +3.4
FAN First Trust Global Wind Energy ETF 0.3 60 5 5.3 -2.8
AFK VanEck Africa Index ETF 0.3 98 -33 12.6 +4.5
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 42 8.6 +0.5
FLMX Franklin FTSE Mexico ETF 0.2 19 46 9.9 +1.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 0 4.4 -3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 6.8 -1.3
IDRV iShares Self-driving EV & Tech ETF 0.2 47 18 2.5 -5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 26 4.0 -4.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -14 7.7 -0.4
BOAT SonicShares Global Shipping ETF 0.2 69 -4 31.6 +23.5
HERO Global X Video Games & Esports ETF 0.2 50 15 4.6 -3.5
FMET Fidelity Metaverse ETF 0.2 39 26 5.1 -2.9
GDXJ VanEck Junior Gold Miners ETF 0.2 52 13 4.9 -3.2
FLIN Franklin FTSE India ETF 0.2 19 46 3.9 -4.2
TAN Invesco Solar ETF 0.2 67 -2 8.6 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 5.5 -2.6
TMAT Main Thematic Innovation ETF 0.2 164 -99 -1.5 -9.6
WNDY Global X Wind Energy ETF 0.2 50 15 3.2 -4.9
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 9.5 +1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 16 7.3 -0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 5 13.3 +5.2
XT iShares Exponential Technologies ETF 0.2 46 19 5.5 -2.6
RAYS Global X Solar ETF 0.2 51 14 6.2 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 36 6.2 -1.9
HAIL SPDR S&P Kensho Smart Mobility ETF 0.2 45 20 2.0 -6.1
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 8.1 +0.0
RODE Hartford Multifactor Diversified International ETF 0.2 29 36 9.9 +1.8
AQWA Global X Clean Water ETF 0.2 50 15 5.0 -3.1
EMM Global X Emerging Markets ex-China ETF 0.2 75 -10 5.0 -3.0
CTEC Global X CleanTech ETF 0.2 50 15 2.2 -5.9
AGNG Global X Aging Population ETF 0.2 50 15 4.2 -3.9
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 6 7.7 -0.3
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 10 2.3 -5.7
SGDJ Sprott Junior Gold Miners ETF 0.2 50 15 5.5 -2.5
DGIN VanEck Digital India ETF 0.2 71 -6 1.9 -6.1
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 20 -0.1 -8.2
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.9 -6.2
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -4 2.6 -5.5
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 2.8 -5.3
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -45 5.1 -3.0
IGRO iShares International Dividend Growth ETF 0.2 15 50 7.3 -0.8
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 12.5 +4.4
FRNW Fidelity Clean Energy ETF 0.2 39 26 4.2 -3.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.7 -2.4
SHPP Pacer Industrials and Logistics ETF 0.1 60 5 5.1 -3.0
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 6.1 -2.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 4.9 -3.2
SNSR Global X Internet of Things ETF 0.1 68 -3 5.0 -3.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 4.9 -3.2
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 1.0 -7.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -5 8.6 +0.5
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 19.9 +11.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.9 +0.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.9 -3.2
IGF iShares Global Infrastructure ETF 0.1 41 24 4.9 -3.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 13.7 +5.7
DEW WisdomTree Global High Dividend Fund 0.1 58 7 7.7 -0.3
BATT Amplify Lithium & Battery Technology ETF 0.1 59 6 3.8 -4.2
BOUT Innovator IBD Breakout Opportunities ETF 0.1 81 -16 4.8 -3.3
CGRO CoreValues Alpha Greater China Growth ETF 0.1 75 -10 4.0 -4.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 10.4 +2.4
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.8 -4.3
INQQ India Internet & Ecommerce ETF 0.1 86 -21 1.1 -7.0
CLOU Global X Cloud Computing ETF 0.1 68 -3 1.9 -6.2
FCLD Fidelity Cloud Computing ETF 0.1 39 26 3.0 -5.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 1.7 -6.3
SPAM Themes Cybersecurity ETF 0.1 35 30 1.7 -6.4
FDLS Inspire Fidelis Multi Factor ETF 0.1 76 -11 5.8 -2.3
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 8.5 +0.4
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 5.9 -2.2
DMAT Global X Disruptive Materials ETF 0.1 59 6 9.2 +1.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.5 -2.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -15 11.8 +3.7
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 5.9 -2.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 9.8 +1.7
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 6.6 -1.5
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -6.0 -14.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 11.7 +3.6
HART IQ Healthy Hearts ETF 0.1 45 20 6.6 -1.5
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.9 -1.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 7.4 -0.7
RING iShares MSCI Global Gold Miners ETF 0.1 39 26 5.8 -2.3
FPAG FPA Global Equity ETF 0.1 49 16 6.3 -1.8
SETM Sprott Energy Transition Materials ETF 0.1 65 0 4.7 -3.4
EBIZ Global X E-Commerce ETF 0.1 50 15 4.3 -3.7
BRAZ Global X Brazil Active ETF 0.1 75 -10 13.1 +5.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -5 4.5 -3.5
MOO VanEck Agribusiness ETF 0.1 53 12 10.8 +2.8
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -24 1.6 -6.5
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.8 -10.9
BKCH Global X Blockchain ETF 0.1 50 15 -4.3 -12.4
DAPP VanEck Digital Transformation ETF 0.1 50 15 -5.3 -13.4
BWEB Bitwise Web3 ETF 0.1 85 -20 0.1 -8.0
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 11.6 +3.5
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 10.8 +2.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 6.9 -1.2
AVDV Avantis International Small Cap Value ETF 0.1 36 29 10.9 +2.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.1 70 -5 6.0 -2.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 26 -1.1 -9.2
IQM Franklin Intelligent Machines ETF 0.1 50 15 2.6 -5.4
XITK SPDR FactSet Innovative Technology ETF 0.1 45 20 0.5 -7.5
PIO Invesco Global Water ETF 0.1 75 -10 4.9 -3.1
COPX Global X Copper Miners ETF 0.1 65 0 8.9 +0.8
IWC iShares Micro-Cap ETF 0.1 60 5 -1.1 -9.1
IWN iShares Russell 2000 Value ETF 0.1 24 41 5.8 -2.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 30 21.6 +13.5
VTWV Vanguard Russell 2000 Value ETF 0.1 15 50 5.9 -2.1
SMOG VanEck Low Carbon Energy ETF 0.1 61 4 1.5 -6.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.5 -0.5
CNXT VanEck ChiNext ETF 0.1 65 0 5.8 -2.2
GXG Global X MSCI Colombia ETF 0.1 62 3 18.8 +10.7
RSSL Global X Russell 2000 ETF 0.1 8 57 3.6 -4.5
DWM WisdomTree International Equity Fund 0.1 48 17 7.7 -0.4
KTEC KraneShares Hang Seng TECH Index ETF 0.1 69 -4 19.6 +11.6
KWEB KraneShares CSI China Internet ETF 0.1 69 -4 25.8 +17.7
IWM iShares Russell 2000 ETF 0.1 19 46 3.6 -4.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 8.1 +0.0
VTWO Vanguard Russell 2000 ETF 0.1 10 55 3.8 -4.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 0.0 -8.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 17.4 +9.3
URA Global X Uranium ETF 0.1 69 -4 3.5 -4.6
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -4.4 -12.4
URAN Themes Uranium & Nuclear ETF 0.1 35 30 2.7 -5.4
SPEU SPDR Portfolio Europe ETF 0.1 7 58 7.5 -0.6
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.7 -4.4
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -10.5 -18.5
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -0.5 -8.5
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -4.1 -12.1
CRAK VanEck Oil Refiners ETF 0.1 61 4 15.4 +7.3
DFIS Dimensional International Small Cap ETF 0.1 39 26 7.9 -0.2
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.9 +2.9
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 10.0 +2.0
DTH WisdomTree International High Dividend Fund 0.1 58 7 9.1 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 7.4 -0.7
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 7.9 -0.2
VGK Vanguard FTSE Europe ETF 0.1 11 54 7.5 -0.6
ICOP iShares Copper and Metals Mining ETF 0.0 47 18 10.0 +1.9
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 15 2.9 -5.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 12.7 +4.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 60 7.6 -0.5
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 0.6 -7.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 8.1 +0.1
VICE AdvisorShares Vice ETF 0.0 99 -34 6.2 -1.9
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 5.0 -3.1
GLOF iShares Global Equity Factor ETF 0.0 20 45 6.8 -1.3
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 4.5 -3.6
VPL Vanguard FTSE Pacific ETF 0.0 8 57 7.7 -0.4
IWO iShares Russell 2000 Growth ETF 0.0 24 41 1.5 -6.6
VRAI Virtus Real Asset Income ETF 0.0 55 10 7.5 -0.6
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 50 1.5 -6.5
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.9 -1.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 7.1 -1.0
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -10 7.0 -1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 5.4 -2.6
LQPE PEO AlphaQuest Thematic PE ETF 0.0 125 -60 6.9 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 9.3 +1.3
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 9.0 +1.0
IBUY Amplify Online Retail ETF 0.0 65 0 3.7 -4.4
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 0.4 -7.7
FINX Global X FinTech ETF 0.0 68 -3 2.6 -5.4
VERS ProShares Metaverse ETF 0.0 58 7 0.1 -7.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 7.0 -1.1
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 8.5 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 10.8 +2.7
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 0.0 -8.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 2.1 -6.0
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 50 6.2 -1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 6.0 -2.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 8.0 -0.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.9 -0.1
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 10.7 +2.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.4 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 10.6 +2.5
PKW Invesco Buyback Achievers ETF 0.0 62 3 8.0 -0.1
DISV Dimensional International Small Cap Value ETF 0.0 42 23 9.7 +1.6
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.8 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.1 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 10.2 +2.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 40 6.6 -1.5
ION ProShares S&P Global Core Battery Metals ETF 0.0 58 7 11.2 +3.2
AVSD Avantis Responsible International Equity ETF 0.0 23 42 6.8 -1.2
AWAY ETFMG Travel Tech ETF 0.0 76 -11 0.0 -8.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 6.0 -2.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 6.0 -2.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 8.1 +0.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.6 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.4 -0.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.6 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 8.1 +0.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.5 -2.5
VTHR Vanguard Russell 3000 ETF 0.0 10 55 5.2 -2.9
IWV iShares Russell 3000 ETF 0.0 20 45 5.0 -3.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 5.3 -2.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.3 -0.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.8 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 9.8 +1.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 6.0 -2.1
AVDE Avantis International Equity ETF 0.0 23 42 8.0 -0.1
AVUS Avantis U.S. Equity ETF 0.0 15 50 6.3 -1.8
BLES Inspire Global Hope ETF 0.0 61 4 6.8 -1.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 8.2 +0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 7.0 -1.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 10.7 +2.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 13.8 +5.8
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.6 +2.5
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 9.1 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 10.5 +2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 8.3 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.1 -2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 8.1 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 6.0 -2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 11.1 +3.0
WWJD Inspire International ETF 0.0 80 -15 7.6 -0.5
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 6.4 -1.7

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 10.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.50
 
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.