SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 7.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.4x P/Sales
ratio		 1.0x
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) $736
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 1401
Wgt avg mkt cap (mns) $655
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 31.0 %
PROSHARES ULTRA GOLD 2.2 %
INVESCO DORSEY WRIGHT CONSUMER STA 0.9 %
INVESCO DORSEY WRIGHT EMERGING MAR 0.6 %
INFRACAP EQUITY INCOME FUND ETF 0.6 %
ISHARES MSCI INDIA ETF 0.4 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.4 %
VANGUARD MEGA CAP ETF 0.3 %
VST INDUSTRIES LTD 0.3 %
MEITU, INC 0.3 %
Total 36.9 %

TOP COUNTRY EXPOSURE
TAIWAN 15.9 %
CHINA 9.6 %
INDIA 6.6 %
MALAYSIA 2.9 %
SOUTH AFRICA 2.5 %
BRAZIL 2.5 %
THAILAND 2.1 %
HONG KONG 2.1 %
SAUDI ARABIA 1.7 %
TURKEY 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.4% 13.1% 10.3% 8.6% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.65 51%
MSCI EAFE 0.53 40%
MSCI Emg. Mkts. 0.65 63%

Technical Indicators
Recent close $68.12
30d moving avg. $65.54
Annualized volatility 13.7%
Short interest (ETF) 2.3%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.3%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 352 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™: 7.6%


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 41.6 70 -5 7.5 -0.1
EIDO iShares MSCI Indonesia ETF 32.0 59 6 8.2 +0.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 26.8 42 23 9.4 +1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 19.0 58 7 9.5 +1.9
XCNY SPDR S&P Emerging Markets ex-China ETF 14.6 15 50 7.5 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.0 59 6 8.5 +0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 12.6 53 12 7.6 -0.0
AVES Avantis Emerging Markets Value ETF 12.2 36 29 10.7 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.2 8 57 6.0 -1.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.0 38 27 8.9 +1.3
DFEV Dimensional Emerging Markets Value ETF 9.8 43 22 12.9 +5.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.7 33 32 8.4 +0.8
AVEM Avantis Emerging Markets Equity ETF 8.7 33 32 8.4 +0.7
ECNS iShares MSCI China Small-Cap ETF 8.6 59 6 7.7 +0.0
DEM WisdomTree Emerging Markets High Dividend Fund 8.5 63 2 13.0 +5.4
AVSE Avantis Responsible Emerging Markets Equity ETF 8.5 33 32 8.1 +0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.5 41 24 8.4 +0.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 8.4 80 -15 13.5 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 7.2 9 56 10.1 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 5.6 7 58 10.2 +2.6
SMIN iShares MSCI India Small Cap ETF 5.4 79 -14 3.9 -3.7
DFAE Dimensional Emerging Core Equity Market ETF 5.3 35 30 9.0 +1.3
VWO Vanguard FTSE Emerging Markets ETF 4.9 7 58 9.8 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 4.2 49 16 9.1 +1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.1 12 53 8.0 +0.3
GXC SPDR S&P China ETF 3.4 59 6 14.4 +6.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.2 30 35 7.7 +0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.7 90 -25 6.7 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 7.9 +0.3
BRF VanEck Brazil Small-Cap ETF 2.3 66 -1 10.7 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.1 50 15 10.6 +3.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.0 59 6 9.5 +1.9
XC WisdomTree Emerging Markets Ex-China Fund 1.8 32 33 6.2 -1.5
EPI WisdomTree India Earnings Fund 1.7 85 -20 5.2 -2.5
VSGX Vanguard ESG International Stock ETF 1.6 10 55 7.5 -0.1
EYLD Cambria Emerging Shareholder Yield ETF 1.6 66 -1 12.2 +4.6
EDIV SPDR S&P Emerging Markets Dividend ETF 1.5 49 16 11.6 +4.0
IGRO iShares International Dividend Growth ETF 1.5 15 50 7.2 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 26 12.3 +4.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.4 32 33 14.8 +7.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 21 10.4 +2.7
THD iShares MSCI Thailand ETF 1.4 58 7 0.0 -7.6
VIDI Vident International Equity Strategy ETF 1.4 61 4 10.7 +3.1
VXUS Vanguard Total International Stock ETF 1.4 5 60 7.7 +0.1
KSA iShares MSCI Saudi Arabia ETF 1.3 74 -9 0.0 -7.6
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 26 8.8 +1.2
FLCH Franklin FTSE China ETF 1.3 19 46 14.8 +7.2
EPOL iShares MSCI Poland ETF 1.3 59 6 11.2 +3.6
FLTW Franklin FTSE Taiwan ETF 1.3 19 46 6.5 -1.2
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 58 7.8 +0.1
SCHE Schwab Emerging Markets Equity ETF 1.1 11 54 10.6 +2.9
DVYE iShares Emerging Markets Dividend ETF 1.1 49 16 18.4 +10.8
UAE iShares MSCI UAE ETF 1.0 59 6 0.0 -7.6
TUR iShares MSCI Turkey ETF 1.0 58 7 17.6 +9.9
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 26 5.6 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 56 5.6 -2.0
PGJ Invesco Golden Dragon China ETF 0.9 70 -5 11.0 +3.4
IDX VanEck Indonesia Index ETF 0.8 57 8 7.2 -0.4
DFGR Dimensional Global Real Estate ETF 0.8 22 43 7.4 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 46 8.9 +1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -30 11.4 +3.7
GREK Global X MSCI Greece ETF 0.8 57 8 10.9 +3.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -15 10.3 +2.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 13 3.6 -4.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 32 9.7 +2.0
FLLA Franklin FTSE Latin America ETF 0.7 19 46 12.4 +4.7
GVAL Cambria Global Value ETF 0.7 68 -3 10.3 +2.7
EWW iShares MSCI Mexico ETF 0.7 50 15 9.6 +1.9
REET iShares Global REIT ETF 0.7 14 51 7.5 -0.2
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 3 3.6 -4.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 40 12.2 +4.6
ICLN iShares Global Clean Energy ETF 0.6 41 24 5.0 -2.7
BLDG Cambria Global Real Estate ETF 0.6 60 5 11.5 +3.9
AVRE Avantis Real Estate ETF 0.6 17 48 7.2 -0.5
ECH iShares MSCI Chile ETF 0.6 58 7 8.3 +0.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 18 5.3 -2.4
SCHC Schwab International Small-Cap Equity ETF 0.6 11 54 6.5 -1.1
FCA First Trust China AlphaDEX Fund 0.6 80 -15 7.9 +0.2
SOCL Global X Social Media ETF 0.6 65 0 8.3 +0.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -23 8.5 +0.8
SDIV Global X Superdividend ETF 0.6 58 7 40.8 +33.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 45 2.4 -5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 16 15.1 +7.5
PBD Invesco Global Clean Energy ETF 0.6 75 -10 -0.3 -8.0
CUT Invesco MSCI Global Timber ETF 0.5 61 4 10.5 +2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 40 11.3 +3.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -14 0.3 -7.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 7.6 -0.1
QAT iShares MSCI Qatar ETF 0.5 59 6 46.1 +38.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 26 7.8 +0.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 36 9.1 +1.4
CGW Invesco S&P Global Water Index ETF 0.5 57 8 4.7 -2.9
IPKW Invesco International BuyBack Achievers ETF 0.5 55 10 12.4 +4.7
FLBR Franklin FTSE Brazil ETF 0.5 19 46 13.9 +6.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 15.7 +8.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 33 8.8 +1.2
DWCR Arrow DWA Tactical: International ETF 0.4 134 -69 8.0 +0.4
VT Vanguard Total World Stock ETF 0.4 6 59 5.8 -1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.4 61 4 1.3 -6.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.4 61 4 -1.9 -9.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 16 6.7 -0.9
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 5 4.2 -3.5
CGV Conductor Global Equity Value ETF 0.4 130 -65 8.0 +0.4
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 23 7.2 -0.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 24 6.5 -1.2
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 42 8.1 +0.4
CTEC Global X CleanTech ETF 0.3 50 15 -0.1 -7.7
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.8 -2.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 26 10.7 +3.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 54 9.6 +2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 29 9.4 +1.8
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 21 11.8 +4.2
GOEX Global X Gold Explorers ETF 0.3 65 0 2.9 -4.8
HERO Global X Video Games & Esports ETF 0.3 50 15 3.7 -4.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 25 6.8 -0.8
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 26 0.0 -7.6
GDXJ VanEck Junior Gold Miners ETF 0.3 52 13 4.2 -3.5
CQQQ Invesco China Technology ETF 0.3 70 -5 11.5 +3.8
FMET Fidelity Metaverse ETF 0.3 39 26 4.5 -3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 10 7.6 -0.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 61 8.0 +0.3
VYMI Vanguard International High Dividend Yield ETF 0.3 17 48 9.4 +1.8
EPHE iShares MSCI Philippines ETF 0.3 59 6 0.0 -7.6
APIE ActivePassive International Equity ETF 0.3 45 20 7.3 -0.3
ESPO VanEck Video Gaming and eSports ETF 0.3 56 9 3.7 -4.0
ODDS Pacer BlueStar Digital Entertainment ETF 0.3 60 5 2.1 -5.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 4.8 -2.8
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -10 2.8 -4.9
AGNG Global X Aging Population ETF 0.3 50 15 4.9 -2.8
AFK VanEck Africa Index ETF 0.3 98 -33 11.5 +3.9
XCEM Columbia EM Core ex-China ETF 0.2 16 49 8.1 +0.4
FAN First Trust Global Wind Energy ETF 0.2 60 5 4.6 -3.1
IBAT iShares Energy Storage & Materials ETF 0.2 47 18 3.5 -4.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -14 8.8 +1.2
TMAT Main Thematic Innovation ETF 0.2 164 -99 -1.5 -9.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 0 4.7 -2.9
FLMX Franklin FTSE Mexico ETF 0.2 19 46 9.9 +2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.6 -3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 36 6.3 -1.3
BOAT SonicShares Global Shipping ETF 0.2 69 -4 25.9 +18.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -21 12.6 +5.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 26 11.5 +3.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -4 2.4 -5.3
TAN Invesco Solar ETF 0.2 67 -2 6.6 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 7.0 -0.6
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 6 6.2 -1.5
IDRV iShares Self-driving EV & Tech ETF 0.2 47 18 1.8 -5.9
AQWA Global X Clean Water ETF 0.2 50 15 5.0 -2.6
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 12.1 +4.5
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 8.4 +0.7
HAIL SPDR S&P Kensho Smart Mobility ETF 0.2 45 20 0.3 -7.3
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 20 0.9 -6.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.0 -6.6
SCHY Schwab International Dividend Equity ETF 0.2 14 51 9.7 +2.0
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.3 -0.3
SPEU SPDR Portfolio Europe ETF 0.2 7 58 7.4 -0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 18 5.8 -1.8
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -45 4.7 -2.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 18 3.2 -4.4
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 11.4 +3.7
ARVR First Trust Indxx Metaverse ETF 0.2 70 -5 3.9 -3.7
RODE Hartford Multifactor Diversified International ETF 0.2 29 36 11.4 +3.8
FRNW Fidelity Clean Energy ETF 0.2 39 26 3.1 -4.5
FLIN Franklin FTSE India ETF 0.2 19 46 4.2 -3.5
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 10 6.1 -1.5
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 4.2 -3.4
PIO Invesco Global Water ETF 0.1 75 -10 4.3 -3.3
FPXI First Trust International Equity Opportunities ETF 0.1 70 -5 4.2 -3.5
DEEP Roundhill Acquirers Deep Value ETF 0.1 80 -15 16.8 +9.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 9.8 +2.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -5 4.8 -2.8
MCHI iShares MSCI China ETF 0.1 59 6 16.3 +8.7
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.5 -0.1
BRAZ Global X Brazil Active ETF 0.1 75 -10 12.2 +4.5
SHPP Pacer Industrials and Logistics ETF 0.1 60 5 8.7 +1.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 5.3 -2.4
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 1.4 -6.3
DGIN VanEck Digital India ETF 0.1 71 -6 2.1 -5.5
DEW WisdomTree Global High Dividend Fund 0.1 58 7 8.3 +0.7
BATT Amplify Lithium & Battery Technology ETF 0.1 59 6 3.3 -4.4
FDHT Fidelity Digital Health ETF 0.1 39 26 0.9 -6.8
COPX Global X Copper Miners ETF 0.1 65 0 7.0 -0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.5 -2.1
CARZ First Trust NASDAQ Global Auto Index Fund 0.1 70 -5 4.6 -3.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 26 -0.9 -8.5
IQM Franklin Intelligent Machines ETF 0.1 50 15 2.0 -5.7
XITK SPDR FactSet Innovative Technology ETF 0.1 45 20 -0.3 -7.9
TRFM AAM Transformers ETF 0.1 49 16 1.3 -6.4
BOTT Themes Robotics & Automation ETF 0.1 35 30 3.8 -3.9
SNSR Global X Internet of Things ETF 0.1 68 -3 4.5 -3.2
SETM Sprott Energy Transition Materials ETF 0.1 65 0 2.6 -5.0
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 10.6 +3.0
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 6.8 -0.8
AVDS Avantis International Small Cap Equity ETF 0.1 30 35 7.2 -0.4
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.3 -9.9
BKCH Global X Blockchain ETF 0.1 50 15 -3.6 -11.2
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -2.6 -10.3
BWEB Bitwise Web3 ETF 0.1 85 -20 -0.2 -7.8
RING iShares MSCI Global Gold Miners ETF 0.1 39 26 4.2 -3.5
SGDJ Sprott Junior Gold Miners ETF 0.1 50 15 3.9 -3.7
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.5 -2.1
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.0 +0.3
IWN iShares Russell 2000 Value ETF 0.1 24 41 7.3 -0.4
INQQ India Internet & Ecommerce ETF 0.1 86 -21 1.3 -6.3
CLOU Global X Cloud Computing ETF 0.1 68 -3 2.2 -5.4
FCLD Fidelity Cloud Computing ETF 0.1 39 26 3.1 -4.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 10 3.7 -3.9
SPAM Themes Cybersecurity ETF 0.1 35 30 2.0 -5.6
FDLS Inspire Fidelis Multi Factor ETF 0.1 76 -11 5.0 -2.6
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 49 8.3 +0.6
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 7.3 -0.4
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.5 -11.2
FPAG FPA Global Equity ETF 0.1 49 16 5.7 -1.9
GLOF iShares Global Equity Factor ETF 0.1 20 45 6.4 -1.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.1 60 5 3.6 -4.0
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.1 -3.6
HART IQ Healthy Hearts ETF 0.1 45 20 6.7 -1.0
KTEC KraneShares Hang Seng TECH Index ETF 0.1 69 -4 17.5 +9.9
KWEB KraneShares CSI China Internet ETF 0.1 69 -4 22.3 +14.7
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -7.6
IWC iShares Micro-Cap ETF 0.1 60 5 -0.8 -8.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.9 +1.3
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 6 2.3 -5.4
RSSL Global X Russell 2000 ETF 0.1 8 57 4.3 -3.3
VTWO Vanguard Russell 2000 ETF 0.1 7 58 4.3 -3.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 9.4 +1.7
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.8 -0.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.6 -2.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.8 +3.2
IWM iShares Russell 2000 ETF 0.1 19 46 4.3 -3.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.7 -2.9
IGF iShares Global Infrastructure ETF 0.1 41 24 4.7 -3.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 10.0 +2.3
XT iShares Exponential Technologies ETF 0.1 46 19 4.8 -2.8
BKF iShares MSCI BIC ETF 0.1 69 -4 13.0 +5.3
MOO VanEck Agribusiness ETF 0.1 53 12 10.5 +2.9
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 4 1.7 -6.0
URA Global X Uranium ETF 0.1 69 -4 1.5 -6.1
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -2.5 -10.1
URAN Themes Uranium & Nuclear ETF 0.1 35 30 1.4 -6.2
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -24 1.1 -6.5
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 9.7 +2.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 4.1 -3.5
DWM WisdomTree International Equity Fund 0.1 48 17 7.3 -0.3
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 10.5 +2.9
VGK Vanguard FTSE Europe ETF 0.1 6 59 7.5 -0.2
PIN Invesco India ETF 0.1 78 -13 4.7 -3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 35 10.0 +2.4
AVDV Avantis International Small Cap Value ETF 0.1 36 29 9.3 +1.7
GLIN VanEck India Growth Leaders ETF 0.1 77 -12 6.7 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.4 -0.3
EEM iShares MSCI Emerging Markets ETF 0.1 69 -4 9.9 +2.3
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -4.3 -12.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -1.3 -8.9
EBIZ Global X E-Commerce ETF 0.1 50 15 3.6 -4.0
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 7.9 +0.2
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.0 -4.6
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 6.3 -1.4
VEA Vanguard FTSE Developed Markets ETF 0.1 3 62 7.1 -0.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 7.4 -0.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 4.0 -3.6
COLO Global X MSCI Colombia ETF 0.1 62 3 16.5 +8.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 16 9.8 +2.1
VPL Vanguard FTSE Pacific ETF 0.1 7 58 6.7 -1.0
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.0 +2.4
CRAK VanEck Oil Refiners ETF 0.1 61 4 13.2 +5.6
IWO iShares Russell 2000 Growth ETF 0.1 24 41 1.3 -6.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 5.8 -1.9
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 55 1.4 -6.2
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 8.1 +0.4
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 9.2 +1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 36 8.2 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -5 8.9 +1.3
FINX Global X FinTech ETF 0.1 68 -3 2.1 -5.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 15 6.9 -0.7
DIV Global X SuperDividend US ETF 0.0 45 20 11.9 +4.2
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -20 4.1 -3.5
EMIF iShares Emerging Markets Infrastructure ETF 0.0 60 5 4.8 -2.8
DXIV Dimensional International Vector Equity ETF 0.0 34 31 7.7 +0.1
DFIS Dimensional International Small Cap ETF 0.0 39 26 7.2 -0.4
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.4 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 7.5 -0.2
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.6 -3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 7.5 -0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 17.5 +9.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 11.2 +3.6
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -10 7.5 -0.1
PSP Invesco Global Listed Private Equity ETF 0.0 106 -41 5.7 -1.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.2 -1.4
DMAT Global X Disruptive Materials ETF 0.0 59 6 7.4 -0.3
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.4 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 8.9 +1.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.0 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.6 -1.0
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 7.9 +0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.8 +0.2
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 7.3 -0.4
VICE AdvisorShares Vice ETF 0.0 99 -34 6.1 -1.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.0 70 -5 13.0 +5.3
CNXT VanEck ChiNext ETF 0.0 65 0 3.7 -4.0
VRAI Virtus Real Asset Income ETF 0.0 55 10 10.0 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.6 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.5 +1.8
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 2.7 -5.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 9.9 +2.2
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.6 -2.0
IBUY Amplify Online Retail ETF 0.0 65 0 0.8 -6.9
DISV Dimensional International Small Cap Value ETF 0.0 42 23 8.8 +1.2
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.3 -1.3
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 -0.4 -8.0
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 0.0 65 0 3.6 -4.0
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 6.6 -1.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.5 -0.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.3 -0.3
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.2 -0.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.0 -11.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.7 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.4 -0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 9.2 +1.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.5 -0.2
ION ProShares S&P Global Core Battery Metals ETF 0.0 58 7 9.2 +1.6
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 5.9 -1.7
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -0.9 -8.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.6 -2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.5 -2.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.3 -1.3
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.3 -2.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.1 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 6.9 -0.7
DXUV Dimensional US Vector Equity ETF 0.0 28 37 6.2 -1.5
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 -2.2
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 0.4 -7.2
EBI Longview Advantage ETF 0.0 35 30 6.5 -1.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 -2.7
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 -2.8
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 -2.9
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.7 -2.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.3 -2.3
AVDE Avantis International Equity ETF 0.0 23 42 7.3 -0.3
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.7 -2.0
BLES Inspire Global Hope ETF 0.0 61 4 6.8 -0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 6.8 -0.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 10.9 +3.3
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.0 +2.3
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 8.1 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.8 +2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 7.8 +0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.1 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 7.7 +0.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 5.7 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 10.5 +2.9
WWJD Inspire International ETF 0.0 80 -15 7.2 -0.4

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 10.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.51
 
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.