SPDR S&P Emerging Markets Small Cap ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x 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) $709
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 1404
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 10.2 %
PROSHARES ULTRA GOLD 2.0 %
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 %
SPDR DOW JONES INDUSTRIAL AVERAGE 0.4 %
MEITU, INC 0.4 %
VST INDUSTRIES LTD 0.3 %
VANGUARD MEGA CAP ETF 0.3 %
Total 16.0 %

TOP COUNTRY EXPOSURE
TAIWAN 16.1 %
CHINA 9.6 %
INDIA 6.6 %
MALAYSIA 2.9 %
SOUTH AFRICA 2.5 %
BRAZIL 2.4 %
THAILAND 2.1 %
HONG KONG 2.0 %
SAUDI ARABIA 1.8 %
TURKEY 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
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 $65.65
30d moving avg. $64.60
Annualized volatility 13.7%
Short interest (ETF) 2.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $9,047

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 350 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™: 7.9%


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 34.1 70 -5 7.9 -0.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 26.6 42 23 9.9 +2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 19.1 58 7 10.0 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.2 59 6 9.1 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 13.1 53 12 8.1 +0.2
AVES Avantis Emerging Markets Value ETF 11.8 36 29 11.2 +3.3
EIDO iShares MSCI Indonesia ETF 11.3 59 6 8.3 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 11.1 8 57 6.2 -1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.3 38 27 9.4 +1.5
DFEV Dimensional Emerging Markets Value ETF 9.9 43 22 13.6 +5.7
XCNY SPDR S&P Emerging Markets ex-China ETF 9.6 15 50 8.0 +0.1
DEM WisdomTree Emerging Markets High Dividend Fund 8.7 63 2 13.5 +5.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.6 41 24 8.8 +0.9
ECNS iShares MSCI China Small-Cap ETF 8.6 59 6 8.0 +0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 8.5 80 -15 13.9 +6.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 8.4 33 32 9.0 +1.0
AVEM Avantis Emerging Markets Equity ETF 8.2 33 32 8.9 +1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 8.1 33 32 8.7 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 5.8 7 58 10.7 +2.8
SMIN iShares MSCI India Small Cap ETF 5.7 79 -14 4.0 -3.9
IEMG iShares Core MSCI Emerging Markets ETF 5.5 9 56 10.7 +2.8
DFAE Dimensional Emerging Core Equity Market ETF 5.4 35 30 9.5 +1.6
VWO Vanguard FTSE Emerging Markets ETF 4.9 7 58 10.4 +2.5
GMF SPDR S&P Emerging Asia Pacific ETF 4.2 49 16 9.7 +1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.1 12 53 8.2 +0.3
GXC SPDR S&P China ETF 3.5 59 6 15.3 +7.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.2 30 35 8.0 +0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.7 90 -25 7.0 -1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.4 10 55 8.2 +0.3
BRF VanEck Brazil Small-Cap ETF 2.3 66 -1 11.6 +3.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 15 11.2 +3.3
EWZS iShares MSCI Brazil Small-Cap ETF 1.9 59 6 10.3 +2.4
EPI WisdomTree India Earnings Fund 1.8 85 -20 5.4 -2.5
XC WisdomTree Emerging Markets Ex-China Fund 1.7 32 33 6.4 -1.5
EDIV SPDR S&P Emerging Markets Dividend ETF 1.6 49 16 12.1 +4.2
EYLD Cambria Emerging Shareholder Yield ETF 1.6 66 -1 12.6 +4.7
VSGX Vanguard ESG International Stock ETF 1.6 10 55 7.8 -0.1
THD iShares MSCI Thailand ETF 1.5 58 7 0.0 -7.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.5 32 33 15.8 +7.9
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 26 12.8 +4.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.5 44 21 10.7 +2.8
KSA iShares MSCI Saudi Arabia ETF 1.4 74 -9 0.0 -7.9
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 26 8.7 +0.8
VIDI Vident International Equity Strategy ETF 1.4 61 4 11.1 +3.2
VXUS Vanguard Total International Stock ETF 1.4 5 60 8.0 +0.1
EPOL iShares MSCI Poland ETF 1.3 59 6 11.6 +3.7
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 58 8.0 +0.1
FLTW Franklin FTSE Taiwan ETF 1.2 19 46 7.1 -0.8
TUR iShares MSCI Turkey ETF 1.2 58 7 17.8 +9.9
SCHE Schwab Emerging Markets Equity ETF 1.1 11 54 11.2 +3.2
DVYE iShares Emerging Markets Dividend ETF 1.1 49 16 18.8 +10.8
UAE iShares MSCI UAE ETF 1.1 59 6 0.0 -7.9
FLCH Franklin FTSE China ETF 1.0 19 46 15.7 +7.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 56 5.8 -2.1
PGJ Invesco Golden Dragon China ETF 0.9 70 -5 12.2 +4.3
IDX VanEck Indonesia Index ETF 0.8 57 8 7.4 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -30 11.9 +4.0
DFGR Dimensional Global Real Estate ETF 0.8 22 43 7.5 -0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -15 10.7 +2.8
GREK Global X MSCI Greece ETF 0.8 57 8 11.2 +3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 26 5.8 -2.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 46 9.5 +1.6
EWW iShares MSCI Mexico ETF 0.7 50 15 10.1 +2.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 32 10.3 +2.4
SOCL Global X Social Media ETF 0.7 65 0 9.1 +1.2
FLLA Franklin FTSE Latin America ETF 0.7 19 46 13.1 +5.2
GVAL Cambria Global Value ETF 0.7 68 -3 10.6 +2.7
REET iShares Global REIT ETF 0.7 14 51 7.5 -0.4
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 3 3.8 -4.1
BLDG Cambria Global Real Estate ETF 0.6 60 5 11.6 +3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -23 9.1 +1.2
SCHC Schwab International Small-Cap Equity ETF 0.6 11 54 6.7 -1.2
IGRO iShares International Dividend Growth ETF 0.6 15 50 7.3 -0.6
ICLN iShares Global Clean Energy ETF 0.6 41 24 5.3 -2.6
SDIV Global X Superdividend ETF 0.6 58 7 41.6 +33.7
AVRE Avantis Real Estate ETF 0.6 17 48 7.2 -0.7
ECH iShares MSCI Chile ETF 0.6 58 7 8.5 +0.6
FCA First Trust China AlphaDEX Fund 0.6 80 -15 8.2 +0.3
CUT Invesco MSCI Global Timber ETF 0.6 61 4 10.4 +2.5
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 18 5.8 -2.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 18 5.3 -2.7
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 40 13.0 +5.0
GINN Goldman Sachs Innovate Equity ETF 0.5 52 13 3.7 -4.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 45 2.6 -5.3
PBD Invesco Global Clean Energy ETF 0.5 75 -10 -0.3 -8.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 16 16.0 +8.1
QAT iShares MSCI Qatar ETF 0.5 59 6 45.6 +37.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 50 8.1 +0.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 36 9.3 +1.4
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 40 12.0 +4.1
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -14 0.4 -7.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 4 1.5 -6.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.5 61 4 -2.1 -10.0
DWCR Arrow DWA Tactical: International ETF 0.4 134 -69 8.0 +0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 26 16.6 +8.6
CGW Invesco S&P Global Water Index ETF 0.4 57 8 4.7 -3.2
IPKW Invesco International BuyBack Achievers ETF 0.4 55 10 12.7 +4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 33 9.4 +1.5
FLBR Franklin FTSE Brazil ETF 0.4 19 46 14.8 +6.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 54 10.3 +2.3
VT Vanguard Total World Stock ETF 0.4 6 59 5.9 -2.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 24 6.8 -1.1
CGV Conductor Global Equity Value ETF 0.4 130 -65 8.4 +0.4
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 23 7.5 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 29 10.0 +2.1
FMET Fidelity Metaverse ETF 0.4 39 26 4.8 -3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 16 6.9 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 21 12.4 +4.5
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 5 4.3 -3.7
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 26 0.0 -7.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 10 7.9 -0.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -24 4.9 -3.0
EPHE iShares MSCI Philippines ETF 0.3 59 6 0.0 -7.9
HERO Global X Video Games & Esports ETF 0.3 50 15 3.9 -4.0
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 42 8.3 +0.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 25 7.0 -0.9
CQQQ Invesco China Technology ETF 0.3 70 -5 12.6 +4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 26 8.0 +0.1
GDXJ VanEck Junior Gold Miners ETF 0.3 52 13 4.4 -3.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -3 5.2 -2.7
XCEM Columbia EM Core ex-China ETF 0.3 16 49 8.6 +0.6
CTEC Global X CleanTech ETF 0.3 50 15 -0.1 -8.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 61 8.2 +0.3
VYMI Vanguard International High Dividend Yield ETF 0.3 17 48 9.6 +1.7
GOEX Global X Gold Explorers ETF 0.3 65 0 3.0 -4.9
AGNG Global X Aging Population ETF 0.3 50 15 4.8 -3.1
FAN First Trust Global Wind Energy ETF 0.3 60 5 4.7 -3.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 26 11.0 +3.1
IBAT iShares Energy Storage & Materials ETF 0.3 47 18 3.9 -4.0
AFK VanEck Africa Index ETF 0.3 98 -33 11.9 +4.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -14 9.1 +1.2
ESPO VanEck Video Gaming and eSports ETF 0.3 56 9 4.0 -4.0
ODDS Pacer BlueStar Digital Entertainment ETF 0.3 60 5 2.2 -5.7
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -10 3.2 -4.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 7.4 -0.5
FLMX Franklin FTSE Mexico ETF 0.2 19 46 10.4 +2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 36 6.7 -1.2
IDRV iShares Self-driving EV & Tech ETF 0.2 47 18 1.9 -6.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 4.9 -3.1
FILL iShares MSCI Global Energy Producers ETF 0.2 39 26 11.5 +3.6
BOAT SonicShares Global Shipping ETF 0.2 69 -4 27.7 +19.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 0 5.0 -2.9
TAN Invesco Solar ETF 0.2 67 -2 7.0 -1.0
TMAT Main Thematic Innovation ETF 0.2 164 -99 -1.4 -9.4
SCHY Schwab International Dividend Equity ETF 0.2 14 51 9.8 +1.9
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -5 8.4 +0.5
FLIN Franklin FTSE India ETF 0.2 19 46 4.3 -3.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 18 3.4 -4.5
WOOD iShares Global Timber & Forestry ETF 0.2 42 23 12.1 +4.2
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 6 6.5 -1.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -4 2.5 -5.4
HAIL SPDR S&P Kensho Smart Mobility ETF 0.2 45 20 0.4 -7.5
AQWA Global X Clean Water ETF 0.2 50 15 4.9 -3.0
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 18 7.5 -0.5
SPEU SPDR Portfolio Europe ETF 0.2 7 58 7.6 -0.4
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 20 1.1 -6.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 30 1.1 -6.9
RODE Hartford Multifactor Diversified International ETF 0.2 29 36 11.4 +3.5
FYLD Cambria Foreign Shareholder Yield ETF 0.2 59 6 11.7 +3.8
ARVR First Trust Indxx Metaverse ETF 0.2 70 -5 4.1 -3.8
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 10 6.2 -1.7
BATT Amplify Lithium & Battery Technology ETF 0.2 59 6 3.7 -4.3
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -45 4.9 -3.0
RAYS Global X Solar ETF 0.2 51 14 6.5 -1.4
DEEP Roundhill Acquirers Deep Value ETF 0.2 80 -15 17.2 +9.2
PIO Invesco Global Water ETF 0.1 75 -10 4.3 -3.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 18 5.9 -2.1
FPXI First Trust International Equity Opportunities ETF 0.1 70 -5 4.3 -3.7
FRNW Fidelity Clean Energy ETF 0.1 39 26 3.4 -4.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -5 4.9 -3.0
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.8 -0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 26 5.4 -2.6
SHPP Pacer Industrials and Logistics ETF 0.1 60 5 8.8 +0.8
DGIN VanEck Digital India ETF 0.1 71 -6 2.2 -5.7
RNRG Global X Renewable Energy Producers ETF 0.1 66 -1 1.4 -6.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 19 5.7 -2.2
KTEC KraneShares Hang Seng TECH Index ETF 0.1 69 -4 19.2 +11.3
KWEB KraneShares CSI China Internet ETF 0.1 69 -4 24.7 +16.8
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 15 4.5 -3.4
BRAZ Global X Brazil Active ETF 0.1 75 -10 12.8 +4.9
SNSR Global X Internet of Things ETF 0.1 68 -3 4.6 -3.3
COPX Global X Copper Miners ETF 0.1 65 0 7.4 -0.5
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -10 11.2 +3.3
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 8.4 +0.5
APIE ActivePassive International Equity ETF 0.1 45 20 7.7 -0.2
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -20 -2.5 -10.4
BKCH Global X Blockchain ETF 0.1 50 15 -4.3 -12.2
IBLC iShares Blockchain and Tech ETF 0.1 47 18 -3.0 -10.9
BWEB Bitwise Web3 ETF 0.1 85 -20 -0.1 -8.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.2 +0.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 19 9.9 +1.9
AVDS Avantis International Small Cap Equity ETF 0.1 30 35 7.4 -0.5
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 6 7.0 -0.9
IWN iShares Russell 2000 Value ETF 0.1 24 41 7.4 -0.6
DAPP VanEck Digital Transformation ETF 0.1 50 15 0.0 -7.9
SETM Sprott Energy Transition Materials ETF 0.1 65 0 2.7 -5.2
IHAK iShares Cybersecurity & Tech ETF 0.1 47 18 4.1 -3.8
INQQ India Internet & Ecommerce ETF 0.1 86 -21 1.4 -6.6
WNDY Global X Wind Energy ETF 0.1 50 15 5.6 -2.4
VTWV Vanguard Russell 2000 Value ETF 0.1 10 55 7.4 -0.6
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 6 2.5 -5.4
IWC iShares Micro-Cap ETF 0.1 60 5 -0.8 -8.7
FPAG FPA Global Equity ETF 0.1 49 16 5.8 -2.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 30 18.8 +10.9
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.6 -2.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.6 -2.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.1 70 -5 5.0 -3.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 26 -0.9 -8.8
HART IQ Healthy Hearts ETF 0.1 45 20 6.6 -1.3
IQM Franklin Intelligent Machines ETF 0.1 50 15 2.1 -5.8
XITK SPDR FactSet Innovative Technology ETF 0.1 45 20 -0.3 -8.2
TRFM AAM Transformers ETF 0.1 49 16 1.4 -6.5
MOO VanEck Agribusiness ETF 0.1 53 12 10.5 +2.6
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -1 -3.8 -11.7
GLOF iShares Global Equity Factor ETF 0.1 20 45 6.6 -1.3
IWM iShares Russell 2000 ETF 0.1 19 46 4.3 -3.6
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.8 -3.1
IGF iShares Global Infrastructure ETF 0.1 41 24 4.8 -3.2
RSSL Global X Russell 2000 ETF 0.1 8 57 4.4 -3.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 5 11.3 +3.4
XT iShares Exponential Technologies ETF 0.1 46 19 5.0 -2.9
CLOU Global X Cloud Computing ETF 0.1 68 -3 2.3 -5.6
FCLD Fidelity Cloud Computing ETF 0.1 39 26 3.3 -4.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 10 3.8 -4.1
VTWO Vanguard Russell 2000 ETF 0.1 7 58 4.4 -3.5
SPAM Themes Cybersecurity ETF 0.1 35 30 2.1 -5.8
FDLS Inspire Fidelis Multi Factor ETF 0.1 76 -11 5.1 -2.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 8.9 +1.0
PSC Principal U.S. Small-Cap ETF 0.1 38 27 6.9 -1.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 10.8 +2.9
AVDV Avantis International Small Cap Value ETF 0.1 36 29 9.6 +1.7
PIN Invesco India ETF 0.1 78 -13 4.8 -3.1
RING iShares MSCI Global Gold Miners ETF 0.1 39 26 4.4 -3.5
SGDJ Sprott Junior Gold Miners ETF 0.1 50 15 4.1 -3.8
GLIN VanEck India Growth Leaders ETF 0.1 77 -12 7.1 -0.8
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 40 9.7 +1.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 30 9.4 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.5 -0.4
WGMI Valkyrie Bitcoin Miners ETF 0.1 75 -10 -5.3 -13.2
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 26 -1.4 -9.3
VGK Vanguard FTSE Europe ETF 0.1 6 59 7.6 -0.3
FDHT Fidelity Digital Health ETF 0.1 39 26 0.9 -7.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 4.4 -3.5
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 4 1.8 -6.1
URA Global X Uranium ETF 0.1 69 -4 1.8 -6.2
URNJ Sprott Junior Uranium Miners ETF 0.1 80 -15 -2.6 -10.5
URAN Themes Uranium & Nuclear ETF 0.1 35 30 1.5 -6.4
EBIZ Global X E-Commerce ETF 0.1 50 15 3.9 -4.0
EMM Global X Emerging Markets ex-China ETF 0.1 75 -10 6.7 -1.2
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -24 1.1 -6.8
DWM WisdomTree International Equity Fund 0.1 48 17 7.5 -0.4
EV Mast Global Battery Recycling & Production ETF 0.1 65 0 10.5 +2.6
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 4 8.2 +0.2
AESR Anfield U.S. Equity Sector Rotation ETF 0.1 108 -43 3.1 -4.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 53 7.3 -0.6
VEA Vanguard FTSE Developed Markets ETF 0.1 3 62 7.3 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 20 4.0 -3.9
VPL Vanguard FTSE Pacific ETF 0.1 7 58 6.9 -1.0
COLO Global X MSCI Colombia ETF 0.1 62 3 16.8 +8.9
IWO iShares Russell 2000 Growth ETF 0.1 24 41 1.3 -6.6
CRAK VanEck Oil Refiners ETF 0.1 61 4 13.8 +5.9
FINX Global X FinTech ETF 0.1 68 -3 2.2 -5.7
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 55 1.5 -6.5
ICOP iShares Copper and Metals Mining ETF 0.1 47 18 8.5 +0.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 5.9 -2.0
BCDF Horizon Kinetics Blockchain Development ETF 0.1 85 -20 4.2 -3.8
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 10.0 +2.1
DFIS Dimensional International Small Cap ETF 0.0 39 26 7.4 -0.5
EMIF iShares Emerging Markets Infrastructure ETF 0.0 60 5 5.1 -2.8
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 15 7.1 -0.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 37 9.2 +1.3
DXIV Dimensional International Vector Equity ETF 0.0 34 31 7.9 +0.0
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.6 +0.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 36 8.3 +0.4
WISE Themes Generative Artificial Intelligence ETF 0.0 35 30 0.5 -7.5
CGGO Capital Group Global Growth Equity ETF 0.0 47 18 4.8 -3.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.0 70 -5 7.5 -0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 8.1 +0.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.0 49 16 11.3 +3.3
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -10 7.6 -0.3
PSP Invesco Global Listed Private Equity ETF 0.0 106 -41 5.8 -2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 35 9.3 +1.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.4 -1.5
DMAT Global X Disruptive Materials ETF 0.0 59 6 7.7 -0.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 39 6.4 -1.5
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -15 7.4 -0.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.1 -0.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.0 70 -5 13.3 +5.4
VICE AdvisorShares Vice ETF 0.0 99 -34 6.1 -1.8
VRAI Virtus Real Asset Income ETF 0.0 55 10 10.1 +2.2
CNXT VanEck ChiNext ETF 0.0 65 0 4.1 -3.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 8.0 +0.0
IBUY Amplify Online Retail ETF 0.0 65 0 0.9 -7.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 6.8 -1.1
VFMF Vanguard U.S. Multifactor ETF 0.0 18 47 7.9 +0.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 10.5 +2.6
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -10 2.6 -5.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 55 6.4 -1.5
DISV Dimensional International Small Cap Value ETF 0.0 42 23 9.2 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.7 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.7 +1.8
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 30 7.0 -0.9
AVSD Avantis Responsible International Equity ETF 0.0 23 42 5.8 -2.2
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -10 -0.4 -8.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 0.0 65 0 3.7 -4.3
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 10.6 +2.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 10.7 +2.8
VERS ProShares Metaverse ETF 0.0 58 7 -1.1 -9.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 45 -4.2 -12.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 42 7.5 -0.4
PKW Invesco Buyback Achievers ETF 0.0 62 3 7.2 -0.8
AWAY ETFMG Travel Tech ETF 0.0 76 -11 -0.9 -8.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.5 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 9.8 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 9.0 +1.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.5 -0.4
ION ProShares S&P Global Core Battery Metals ETF 0.0 58 7 9.6 +1.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.5 -2.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 47 7.2 -0.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 41 6.5 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.1 -0.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.4 -2.5
DXUV Dimensional US Vector Equity ETF 0.0 28 37 6.2 -1.7
EBI Longview Advantage ETF 0.0 35 30 6.6 -1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.9 -0.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.1 -2.8
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.9 -3.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.8 -3.1
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 -3.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.4 -2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 9.5 +1.6
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.6 -2.3
AVDE Avantis International Equity ETF 0.0 23 42 7.5 -0.4
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.8 -2.1
BLES Inspire Global Hope ETF 0.0 61 4 6.9 -1.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.8 -0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.0 32 33 7.1 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 10.5 +2.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -15 11.3 +3.4
FLN First Trust Latin America AlphaDEX Fund 0.0 80 -15 10.5 +2.6
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 8.6 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 10.4 +2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.0 24 41 8.4 +0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.3 -2.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 29 8.2 +0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 5.9 -2.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 20 10.8 +2.9
WWJD Inspire International ETF 0.0 80 -15 7.4 -0.5
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 50 6.0 -1.9

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 7.9 %
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.