SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.3x 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) $705
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 1393
Wgt avg mkt cap (mns) $636
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 11.2 %
SSI US GOV MONEY MARKET CLASS 1.8 %
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 0.5 %
VST INDUSTRIES LTD 0.3 %
VANGUARD MEGA CAP ETF 0.3 %
ASSECO POLAND SA 0.3 %
CLOCKWISE CORE EQUITY & INNOVATION 0.3 %
Total 16.6 %

TOP COUNTRY EXPOSURE
TAIWAN 16.7 %
CHINA 8.4 %
INDIA 7.1 %
MALAYSIA 3.0 %
SOUTH AFRICA 2.6 %
BRAZIL 2.4 %
THAILAND 2.2 %
HONG KONG 2.0 %
SAUDI ARABIA 1.8 %
TURKEY 1.5 %

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.
5.8% 7.1% 11.0% 5.8% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.57 47%
MSCI EAFE 0.56 47%
MSCI Emg. Mkts. 0.69 75%

Technical Indicators
Recent close $62.40
30d moving avg. $60.45
Annualized volatility 13.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.1%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 347 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 33.0 70 -5 7.8 -0.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 26.7 42 23 9.9 +1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 19.4 58 7 9.7 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.2 59 6 11.7 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 13.0 53 12 7.7 -0.5
EIDO iShares MSCI Indonesia ETF 12.2 59 6 9.9 +1.8
AVES Avantis Emerging Markets Value ETF 11.9 36 29 11.6 +3.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 10.8 8 57 6.8 -1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.2 38 27 9.4 +1.3
DFEV Dimensional Emerging Markets Value ETF 10.1 43 22 13.3 +5.1
XCNY SPDR S&P Emerging Markets ex-China ETF 9.8 15 50 7.6 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 8.9 63 2 13.2 +5.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.7 41 24 8.9 +0.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.4 33 32 8.6 +0.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 8.2 80 -15 14.4 +6.2
AVEM Avantis Emerging Markets Equity ETF 8.1 33 32 9.2 +1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 8.0 33 32 8.6 +0.5
ECNS iShares MSCI China Small-Cap ETF 7.8 59 6 9.6 +1.5
SMIN iShares MSCI India Small Cap ETF 5.9 79 -14 3.6 -4.5
SPEM SPDR Portfolio Emerging Markets ETF 5.8 7 58 10.6 +2.5
IEMG iShares Core MSCI Emerging Markets ETF 5.5 9 56 10.5 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 5.4 35 30 9.4 +1.3
VWO Vanguard FTSE Emerging Markets ETF 4.9 7 58 10.6 +2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.1 12 53 7.9 -0.2
GMF SPDR S&P Emerging Asia Pacific ETF 4.1 49 16 9.5 +1.4
GXC SPDR S&P China ETF 3.3 59 6 16.4 +8.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.2 90 -25 7.7 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.2 30 35 8.1 -0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 8.1 -0.0
BRF VanEck Brazil Small-Cap ETF 2.4 66 -1 11.0 +2.8
EDIV SPDR S&P Emerging Markets Dividend ETF 2.1 49 16 11.8 +3.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 15 11.4 +3.3
EWZS iShares MSCI Brazil Small-Cap ETF 1.9 59 6 10.6 +2.5
EPI WisdomTree India Earnings Fund 1.8 85 -20 4.8 -3.4
XC WisdomTree Emerging Markets Ex-China Fund 1.7 32 33 6.0 -2.1
EYLD Cambria Emerging Shareholder Yield ETF 1.6 66 -1 12.3 +4.1
VSGX Vanguard ESG International Stock ETF 1.6 10 55 7.9 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 26 13.6 +5.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.5 44 21 10.9 +2.8
THD iShares MSCI Thailand ETF 1.5 58 7 0.0 -8.1
KSA iShares MSCI Saudi Arabia ETF 1.5 74 -9 0.0 -8.1
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 26 8.4 +0.3
VXUS Vanguard Total International Stock ETF 1.4 5 60 8.0 -0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 33 17.5 +9.4
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 58 8.0 -0.2
FLTW Franklin FTSE Taiwan ETF 1.2 19 46 6.6 -1.5
DVYE iShares Emerging Markets Dividend ETF 1.1 49 16 18.7 +10.5
TUR iShares MSCI Turkey ETF 1.1 58 7 20.6 +12.4
UAE iShares MSCI UAE ETF 1.1 59 6 0.0 -8.1
SCHE Schwab Emerging Markets Equity ETF 1.0 11 54 11.1 +3.0
EPOL iShares MSCI Poland ETF 0.9 59 6 10.9 +2.7
FLCH Franklin FTSE China ETF 0.9 19 46 16.7 +8.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 56 5.9 -2.3
VIDI Vident International Equity Strategy ETF 0.9 61 4 11.4 +3.2
PGJ Invesco Golden Dragon China ETF 0.8 70 -5 9.9 +1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -30 12.7 +4.6
DFGR Dimensional Global Real Estate ETF 0.8 22 43 7.5 -0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -15 11.2 +3.1
IDX VanEck Indonesia Index ETF 0.8 57 8 9.6 +1.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 26 5.9 -2.3
EWW iShares MSCI Mexico ETF 0.7 50 15 10.1 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 46 9.5 +1.3
GREK Global X MSCI Greece ETF 0.7 57 8 10.3 +2.2
FLLA Franklin FTSE Latin America ETF 0.7 19 46 13.3 +5.2
GVAL Cambria Global Value ETF 0.7 68 -3 11.0 +2.9
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 3 3.6 -4.5
IPKW Invesco International BuyBack Achievers ETF 0.7 55 10 13.6 +5.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 32 10.1 +2.0
REET iShares Global REIT ETF 0.7 14 51 7.6 -0.5
ICLN iShares Global Clean Energy ETF 0.6 41 24 5.8 -2.3
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 18 5.6 -2.5
IGRO iShares International Dividend Growth ETF 0.6 15 50 7.2 -1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -23 9.3 +1.2
SCHC Schwab International Small-Cap Equity ETF 0.6 11 54 6.8 -1.4
BLDG Cambria Global Real Estate ETF 0.6 60 5 12.0 +3.9
ECH iShares MSCI Chile ETF 0.6 58 7 8.9 +0.8
SDIV Global X Superdividend ETF 0.6 58 7 40.4 +32.3
AVRE Avantis Real Estate ETF 0.6 17 48 7.1 -1.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 18 5.2 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 40 12.8 +4.7
CUT Invesco MSCI Global Timber ETF 0.5 61 4 10.0 +1.8
PBD Invesco Global Clean Energy ETF 0.5 75 -10 0.6 -7.6
SOCL Global X Social Media ETF 0.5 65 0 7.9 -0.2
QAT iShares MSCI Qatar ETF 0.5 59 6 47.2 +39.1
GINN Goldman Sachs Innovate Equity ETF 0.5 52 13 3.7 -4.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 8.2 +0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 16 15.9 +7.8
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -14 3.6 -4.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 45 2.8 -5.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 24 6.8 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 36 8.7 +0.6
CGW Invesco S&P Global Water Index ETF 0.5 57 8 4.6 -3.6
DWCR Arrow DWA Tactical: International ETF 0.5 134 -69 7.2 -1.0
FLBR Franklin FTSE Brazil ETF 0.4 19 46 14.9 +6.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 26 16.2 +8.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 33 9.3 +1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 40 11.9 +3.8
VT Vanguard Total World Stock ETF 0.4 6 59 6.0 -2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 54 10.1 +2.0
CGV Conductor Global Equity Value ETF 0.4 130 -65 8.7 +0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 29 9.9 +1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.4 61 4 1.5 -6.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.4 61 4 -2.3 -10.5
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 21 11.9 +3.8
FBZ First Trust Brazil AlphaDEX Fund 0.3 80 -15 12.0 +3.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 16 6.9 -1.2
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 26 0.0 -8.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 10 7.5 -0.6
EPHE iShares MSCI Philippines ETF 0.3 59 6 0.0 -8.1
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.8 -3.4
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 5 4.3 -3.9
FAN First Trust Global Wind Energy ETF 0.3 60 5 4.5 -3.6
CQQQ Invesco China Technology ETF 0.3 70 -5 10.4 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 26 8.2 +0.0
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 42 8.4 +0.2
FMET Fidelity Metaverse ETF 0.3 39 26 4.8 -3.3
XCEM Columbia EM Core ex-China ETF 0.3 16 49 8.1 -0.1
GDXJ VanEck Junior Gold Miners ETF 0.3 52 13 5.7 -2.5
AFK VanEck Africa Index ETF 0.3 98 -33 11.8 +3.7
VYMI Vanguard International High Dividend Yield ETF 0.3 17 48 9.8 +1.7
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 5.4 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 61 8.2 +0.0
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -10 3.6 -4.6
CTEC Global X CleanTech ETF 0.3 50 15 2.6 -5.5
GOEX Global X Gold Explorers ETF 0.2 65 0 4.3 -3.9
HERO Global X Video Games & Esports ETF 0.2 50 15 3.9 -4.2
FLMX Franklin FTSE Mexico ETF 0.2 19 46 10.5 +2.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 26 11.4 +3.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 6.6 -1.5
FILL iShares MSCI Global Energy Producers ETF 0.2 39 26 12.0 +3.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.7 -3.4
IBAT iShares Energy Storage & Materials ETF 0.2 47 18 5.4 -2.8
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 8.2 +0.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 0 5.9 -2.2
BOAT SonicShares Global Shipping ETF 0.2 69 -4 31.6 +23.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 36 6.5 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -14 8.7 +0.6
AGNG Global X Aging Population ETF 0.2 50 15 4.9 -3.3
SCHY Schwab International Dividend Equity ETF 0.2 14 51 9.6 +1.4
FLIN Franklin FTSE India ETF 0.2 19 46 3.9 -4.2
IDRV iShares Self-driving EV & Tech ETF 0.2 47 18 1.6 -6.5
AQWA Global X Clean Water ETF 0.2 50 15 4.9 -3.3
TAN Invesco Solar ETF 0.2 67 -2 7.4 -0.8
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 6 7.2 -1.0
ESPO VanEck Video Gaming and eSports ETF 0.2 56 9 4.2 -3.9
ODDS Pacer BlueStar Digital Entertainment ETF 0.2 60 5 2.1 -6.1
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 11.9 +3.7
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.3 -0.8
RODE Hartford Multifactor Diversified International ETF 0.2 29 36 12.7 +4.5
HAIL SPDR S&P Kensho Smart Mobility ETF 0.2 45 20 1.1 -7.1
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 11.9 +3.8
PIO Invesco Global Water ETF 0.2 75 -10 4.7 -3.5
TMAT Main Thematic Innovation ETF 0.2 164 -99 -1.4 -9.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 18 3.5 -4.7
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 10 6.0 -2.1
FPXI First Trust International Equity Opportunities ETF 0.2 70 -5 3.5 -4.7
RNRG Global X Renewable Energy Producers ETF 0.2 66 -1 5.6 -2.5
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -4 2.4 -5.8
CNRG SPDR S&P Kensho Clean Power ETF 0.1 45 20 0.6 -7.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 30 1.1 -7.0
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 17.5 +9.4
RAYS Global X Solar ETF 0.1 51 14 7.1 -1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.8 -2.4
FRNW Fidelity Clean Energy ETF 0.1 39 26 4.0 -4.2
DGIN VanEck Digital India ETF 0.1 71 -6 2.0 -6.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.6 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 6.6 -1.5
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.0 -1.2
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -45 5.1 -3.0
BRAZ Global X Brazil Active ETF 0.1 75 -10 12.4 +4.3
SHPP Pacer Industrials and Logistics ETF 0.1 60 5 8.4 +0.3
BATT Amplify Lithium & Battery Technology ETF 0.1 59 6 3.8 -4.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -5 4.7 -3.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -21 13.3 +5.2
APIE ActivePassive International Equity ETF 0.1 45 20 7.4 -0.8
DEW WisdomTree Global High Dividend Fund 0.1 58 7 8.7 +0.5
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 8.8 +0.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.4 +0.3
SNSR Global X Internet of Things ETF 0.1 68 -3 4.4 -3.7
SETM Sprott Energy Transition Materials ETF 0.1 65 0 3.6 -4.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 10.2 +2.1
COPX Global X Copper Miners ETF 0.1 65 0 7.9 -0.3
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.0 -1.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 35 7.6 -0.6
INQQ India Internet & Ecommerce ETF 0.1 86 -21 1.2 -6.9
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 3.5 -4.6
WNDY Global X Wind Energy ETF 0.1 50 15 5.5 -2.6
MOO VanEck Agribusiness ETF 0.1 53 12 10.2 +2.0
HART IQ Healthy Hearts ETF 0.1 45 20 6.6 -1.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 7.0 -1.2
FPAG FPA Global Equity ETF 0.1 49 16 5.8 -2.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.7 -3.4
IGF iShares Global Infrastructure ETF 0.1 41 24 4.8 -3.4
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -4.6 -12.8
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 6.0 -2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 6.0 -2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 10.3 +2.1
XT iShares Exponential Technologies ETF 0.1 46 19 4.8 -3.3
RSSL Global X Russell 2000 ETF 0.1 8 57 4.5 -3.6
GLOF iShares Global Equity Factor ETF 0.1 20 45 6.7 -1.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.1 70 -5 5.2 -3.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 26 -0.9 -9.0
IQM Franklin Intelligent Machines ETF 0.1 50 15 2.2 -6.0
XITK SPDR FactSet Innovative Technology ETF 0.1 45 20 -0.3 -8.5
TRFM AAM Transformers ETF 0.1 49 16 1.5 -6.6
ARVR First Trust Indxx Metaverse ETF 0.1 70 -5 4.0 -4.1
EBIZ Global X E-Commerce ETF 0.1 50 15 4.1 -4.1
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 4 2.1 -6.0
URA Global X Uranium ETF 0.1 69 -4 1.9 -6.3
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -3.2 -11.4
URAN Themes Uranium & Nuclear ETF 0.1 35 30 1.8 -6.3
AVDV Avantis International Small Cap Value ETF 0.1 36 29 10.1 +2.0
GLIN VanEck India Growth Leaders ETF 0.1 77 -12 6.3 -1.9
SPEU SPDR Portfolio Europe ETF 0.1 7 58 7.3 -0.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 9.3 +1.2
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 6 2.4 -5.7
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.4 -10.6
BKCH Global X Blockchain ETF 0.1 50 15 -5.1 -13.2
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -3.6 -11.7
BWEB Bitwise Web3 ETF 0.1 85 -20 0.0 -8.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.6 -0.6
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.9 -1.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 11.2 +3.0
PIN Invesco India ETF 0.1 78 -13 4.3 -3.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 30 19.3 +11.1
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 10.2 +2.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 9.8 +1.6
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 6.0 -2.2
DWM WisdomTree International Equity Fund 0.1 48 17 7.5 -0.7
RING iShares MSCI Global Gold Miners ETF 0.1 39 26 5.6 -2.6
SGDJ Sprott Junior Gold Miners ETF 0.1 50 15 5.0 -3.2
IWN iShares Russell 2000 Value ETF 0.1 24 41 7.8 -0.4
VGK Vanguard FTSE Europe ETF 0.1 6 59 7.4 -0.8
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -24 1.7 -6.4
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 7.9 -0.3
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 10.6 +2.5
VTWO Vanguard Russell 2000 ETF 0.1 7 58 4.6 -3.5
IWM iShares Russell 2000 ETF 0.1 19 46 4.6 -3.6
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.2 -5.0
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -8.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 8.7 +0.6
COLO Global X MSCI Colombia ETF 0.1 62 3 18.1 +9.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 7.5 -0.7
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 4.2 -4.0
CLOU Global X Cloud Computing ETF 0.1 68 -3 2.2 -6.0
FCLD Fidelity Cloud Computing ETF 0.1 39 26 3.1 -5.0
IWC iShares Micro-Cap ETF 0.1 60 5 -0.6 -8.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 10 3.7 -4.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 4.4 -3.8
SPAM Themes Cybersecurity ETF 0.1 35 30 1.9 -6.2
FDLS Inspire Fidelis Multi Factor ETF 0.1 76 -11 5.3 -2.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 4.5 -3.6
CRAK VanEck Oil Refiners ETF 0.1 61 4 14.1 +6.0
DFIS Dimensional International Small Cap ETF 0.1 39 26 7.4 -0.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -5 8.1 -0.1
CGGO Capital Group Global Growth Equity ETF 0.1 47 18 4.7 -3.4
KTEC KraneShares Hang Seng TECH Index ETF 0.1 69 -4 18.6 +10.4
KWEB KraneShares CSI China Internet ETF 0.1 69 -4 24.8 +16.7
VEA Vanguard FTSE Developed Markets ETF 0.1 3 62 7.3 -0.9
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 8.7 +0.5
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 5 6.6 -1.5
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.9 +0.8
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 15 7.1 -1.1
DXIV Dimensional International Vector Equity ETF 0.0 34 31 8.0 -0.2
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 10.4 +2.3
VPL Vanguard FTSE Pacific ETF 0.0 7 58 7.1 -1.0
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 3.9 -4.2
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 37 9.5 +1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 36 8.7 +0.6
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 0.4 -7.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.7 -1.4
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -10 -7.1 -15.2
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 26 -1.1 -9.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.6 -0.6
IWO iShares Russell 2000 Growth ETF 0.0 24 41 1.4 -6.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 55 1.5 -6.6
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -10 7.7 -0.5
FINX Global X FinTech ETF 0.0 68 -3 2.2 -6.0
PSP Invesco Global Listed Private Equity ETF 0.0 106 -41 6.1 -2.1
DMAT Global X Disruptive Materials ETF 0.0 59 6 9.4 +1.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 11.9 +3.8
IBUY Amplify Online Retail ETF 0.0 65 0 1.2 -6.9
VICE AdvisorShares Vice ETF 0.0 99 -34 6.1 -2.1
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.6 -1.5
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 8.6 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 9.9 +1.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 26 6.1 -2.1
VRAI Virtus Real Asset Income ETF 0.0 55 10 10.5 +2.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.0 70 -5 14.4 +6.3
CNXT VanEck ChiNext ETF 0.0 65 0 6.1 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.7 -1.4
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 8.2 +0.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 10.4 +2.2
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 2.0 -6.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.6 +1.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.1 -2.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 7.7 -0.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.2 -1.0
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 7.9 -0.3
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 -0.0 -8.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.8 -2.4
DISV Dimensional International Small Cap Value ETF 0.0 42 23 9.5 +1.4
VERS ProShares Metaverse ETF 0.0 58 7 -1.2 -9.3
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -2.7 -10.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.6 -0.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 10.3 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.9 +0.7
AWAY ETFMG Travel Tech ETF 0.0 76 -11 0.0 -8.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.8 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 10.0 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 10.3 +2.2
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.7 -2.5
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.4 -0.8
ION ProShares S&P Global Core Battery Metals ETF 0.0 58 7 11.3 +3.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.3 -0.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.6 -0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.4 -1.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.6 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.2 -1.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.5 -2.7
DXUV Dimensional US Vector Equity ETF 0.0 28 37 6.3 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.8 -0.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.1 -3.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.9 -3.3
VTHR Vanguard Russell 3000 ETF 0.0 7 58 5.0 -3.2
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 -3.2
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.5 -2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 9.3 +1.1
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.7 -2.5
AVDE Avantis International Equity ETF 0.0 23 42 7.6 -0.6
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.9 -2.3
BLES Inspire Global Hope ETF 0.0 61 4 6.8 -1.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.7 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.8 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 10.1 +2.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 12.2 +4.1
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.2 +2.1
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 8.7 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 10.4 +2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 8.1 -0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.2 -2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 7.8 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 6.2 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 10.6 +2.5
WWJD Inspire International ETF 0.0 80 -15 7.2 -0.9
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 6.1 -2.0
EBI Longview Advantage ETF 0.0 35 30 6.7 -1.4

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		 1.63 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.