iShares MSCI Eurozone ETF
ALTAR
Score™		 6.0% info Recommen-
dation		 UNDERWEIGHT
2023E    2024E
P/E
ratio		 12.5x P/Sales
ratio		 1.2x
P/BV
ratio		 1.7x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EMU Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 25, 2000
Assets (mns) $6,436
Currency USD
Expense ratio 52 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 229
Wgt avg mkt cap (mns) $83,828
Large cap (>$10bn) 92.1%
Mid cap ($2-10bn) 7.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 5.4 %
LVMH MOET HENNESSY LOUIS VUI 4.2 %
SAP AG 3.1 %
TOTAL SA 3.0 %
SIEMENS AG-REG 2.4 %
L'OREAL 2.2 %
SANOFI-AVENTIS 2.1 %
ALLIANZ SE-REG 2.0 %
SCHNEIDER ELECTRIC SA 1.9 %
AIR LIQUIDE SA 1.9 %
Total 28.0 %

TOP COUNTRY EXPOSURE
FRANCE 32.8 %
GERMANY 25.1 %
NETHERLANDS 15.2 %
SPAIN 7.9 %
ITALY 6.8 %
FINLAND 2.6 %
BELGIUM 2.4 %
IRELAND 1.8 %
BRITAIN 1.3 %
SWITZERLAND 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.8% 15.2% 6.9% 3.9% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.05 73%
MSCI EAFE 1.22 91%
MSCI Emg. Mkts. 0.92 56%

Technical Indicators
Recent close $45.65
30d moving avg. $41.54
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 3,793
Turnover 2.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $9,622

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 425 potential alternatives to the iShares MSCI Eurozone ETF ETF based on the alternatives' overlap in portfolio holdings with EZU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EZU Expense: 52 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EZU
Ticker Fund
Name		 Overlap1
vs EZU
(%)		 Expense
ratio
(bp)		 Savings
vs EZU
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EZU
(%)
FLEU Franklin FTSE Eurozone ETF 95.8 9 43 6.9 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 89.1 45 7 6.2 +0.2
FEZ SPDR EURO STOXX 50 ETF 63.6 29 23 6.0 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 49.7 46 6 6.5 +0.5
IEV iShares Europe ETF 49.4 67 -15 6.1 +0.1
HEDJ WisdomTree Europe Hedged Equity Fund 47.9 58 -6 9.1 +3.1
FLEE Franklin FTSE Europe ETF 46.9 9 43 6.7 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 46.2 9 43 6.6 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 45.8 25 27 7.3 +1.4
IEUR iShares Core MSCI Europe ETF 44.9 9 43 6.6 +0.7
VGK Vanguard FTSE Europe ETF 42.7 11 41 6.7 +0.7
SPEU SPDR Portfolio Europe ETF 42.6 7 45 6.6 +0.6
DOL WisdomTree International LargeCap Dividend Fund 36.3 48 4 7.4 +1.4
EWQ iShares MSCI France ETF 35.8 53 -1 5.3 -0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 35.6 30 22 5.5 -0.5
OEUR ALPS O'shares Europe Quality Dividend ETF 34.4 48 4 5.8 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 33.1 20 32 5.9 -0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 32.7 40 12 8.0 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 32.0 36 16 6.4 +0.4
DWM WisdomTree International Equity Fund 31.4 48 4 7.7 +1.8
JHMD John Hancock Multifactor Developed International ETF 31.0 39 13 6.9 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.4 14 38 6.0 +0.0
DIVI Franklin International Core Dividend Tilt Index ETF 30.3 9 43 8.1 +2.2
IQIN IQ 500 International ETF 29.8 25 27 7.9 +1.9
IDMO Invesco S&P International Developed Momentum ETF 29.8 25 27 7.0 +1.0
IQSI IQ Candriam ESG International Equity ETF 29.6 15 37 6.4 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 29.4 20 32 6.4 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 28.9 20 32 6.7 +0.7
FEUZ First Trust Eurozone AlphaDEX ETF 28.7 80 -28 7.4 +1.5
EFG iShares MSCI EAFE Growth ETF 28.6 35 17 4.1 -1.9
JIRE JPMorgan International Research Enhanced Equity ETF 28.4 24 28 6.4 +0.4
BKIE BNY Mellon International Equity ETF 28.2 4 48 6.6 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 28.1 58 -6 5.9 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 28.0 25 27 7.3 +1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 28.0 12 40 5.5 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 26.8 30 22 6.5 +0.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 26.8 20 32 6.6 +0.7
SCHF Schwab International Equity ETF 25.9 6 46 6.8 +0.8
DTH WisdomTree International High Dividend Fund 25.8 58 -6 9.4 +3.5
RESD WisdomTree International ESG Fund 25.4 30 22 6.3 +0.3
EWG iShares MSCI Germany ETF 25.3 50 2 6.0 +0.0
FLGR Franklin FTSE Germany ETF 25.2 9 43 6.6 +0.7
DBGR Xtrackers MSCI Germany Hedged Equity ETF 25.2 45 7 6.2 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 24.9 25 27 8.3 +2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 24.8 20 32 6.2 +0.2
EFA iShares MSCI EAFE ETF 24.6 32 20 6.3 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 24.2 45 7 6.6 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 23.6 31 21 6.2 +0.3
DAX Global X DAX Germany ETF 23.4 21 31 6.5 +0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 23.1 30 22 10.0 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.0 45 7 7.6 +1.7
SPDW SPDR Portfolio Developed World ex-US ETF 22.9 3 49 6.5 +0.5
INTF iShares Edge MSCI Multifactor Intl ETF 22.6 15 37 7.7 +1.8
FIVA Fidelity International Value Factor ETF 22.1 39 13 9.4 +3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 22.1 39 13 7.2 +1.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 21.5 35 17 6.0 +0.0
EFV iShares MSCI EAFE Value ETF 21.5 35 17 8.3 +2.4
IDHQ Invesco S&P International Developed Quality ETF 21.2 29 23 6.5 +0.5
QINT American Century Quality Diversified International ETF 20.8 39 13 7.8 +1.9
CWI SPDR MSCI ACWI ex-US ETF 20.8 30 22 6.4 +0.5
UMMA Wahed Dow Jones Islamic World ETF 20.7 65 -13 4.3 -1.7
TPIF Timothy Plan International ETF 20.7 62 -10 6.5 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.5 41 11 6.6 +0.6
RFEU First Trust Riverfront Dynamic Europe ETF 20.0 83 -31 8.8 +2.9
DWCR Arrow DWA Country Rotation ETF 19.9 113 -61 6.0 0.0
FEP First Trust Europe AlphaDEX Fund 19.9 80 -28 8.1 +2.2
OSEA Harbor International Compounders ETF 19.5 55 -3 3.6 -2.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 19.2 30 22 5.7 -0.3
BKCI BNY Mellon Concentrated International ETF 18.9 80 -28 6.0 +0.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.8 58 -6 5.5 -0.5
IQDG WisdomTree International Quality Dividend Growth Fund 18.8 42 10 5.5 -0.5
JIG JPMorgan International Growth ETF 18.7 55 -3 4.6 -1.4
IEFA iShares Core MSCI EAFE ETF 18.5 7 45 6.5 +0.5
AVDE Avantis International Equity ETF 18.2 23 29 7.7 +1.7
ESGN Columbia Sustainable International Equity Income ETF 18.1 45 7 8.2 +2.2
BKIS BNY Mellon Sustainable International Equity ETF 17.9 70 -18 5.0 -1.0
DIHP Dimensional International High Profitability ETF 17.5 29 23 6.7 +0.7
EUFN iShares MSCI Europe Financials ETF 17.4 48 4 7.6 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 17.3 4 48 6.6 +0.6
AVIV Avantis International Large Cap Value ETF 17.2 25 27 8.5 +2.5
DFIV Dimensional International Value ETF 17.2 27 25 9.4 +3.4
ACWX iShares MSCI ACWI ex U.S. ETF 17.2 32 20 6.6 +0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 17.1 20 32 10.4 +4.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.0 35 17 9.8 +3.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.9 39 13 7.5 +1.6
FDEV Fidelity Targeted International Factor ETF 16.8 39 13 7.0 +1.0
WWJD Inspire International ESG ETF 16.7 80 -28 6.8 +0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.5 80 -28 5.5 -0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.4 9 43 8.9 +3.0
DFSI Dimensional International Sustainability Core 1 ETF 16.2 24 28 6.1 +0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.0 32 20 6.5 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 15.9 24 28 8.2 +2.2
DWMF WisdomTree International Multifactor Fund 15.7 38 14 7.1 +1.2
DFAI Dimensional International Core Equity Market ETF 15.6 18 34 6.6 +0.6
VYMI Vanguard International High Dividend Yield ETF 15.4 22 30 9.3 +3.3
VEA Vanguard FTSE Developed Markets ETF 15.4 5 47 6.7 +0.7
FIDI Fidelity International High Dividend ETF 15.4 39 13 9.2 +3.3
FICS First Trust International Developed Capital Strength ETF 15.2 70 -18 6.8 +0.8
CGGO Capital Group Global Growth Equity ETF 15.0 47 5 4.0 -2.0
VWID Virtus WMC International Dividend ETF 14.7 49 3 9.2 +3.3
CGXU Capital Group International Focus Equity ETF 14.7 54 -2 4.1 -1.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 14.2 45 7 8.8 +2.9
RXI iShares Global Consumer Discretionary ETF 14.2 41 11 5.5 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 44 4.8 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.9 47 5 9.7 +3.7
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 13.8 39 13 5.1 -0.9
DGT SPDR Global Dow ETF 13.8 50 2 6.4 +0.5
ISZE iShares Edge MSCI Intl Size Factor ETF 13.8 30 22 6.5 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 13.7 65 -13 8.4 +2.4
EXI iShares Global Industrials ETF 13.4 42 10 5.0 -0.9
EWN iShares MSCI Netherlands ETF 13.4 50 2 4.5 -1.4
IXUS ishares Core MSCI Total International Stock ETF 13.4 7 45 6.8 +0.8
DFIC Dimensional International Core Equity 2 ETF 13.0 23 29 7.1 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.0 29 23 8.4 +2.4
DSTX Distillate International Fundamental Stability & Value ETF 12.9 39 13 7.9 +2.0
JPIN JPMorgan Diversified Return International Equity ETF 12.8 37 15 8.2 +2.3
VXUS Vanguard Total International Stock ETF 12.5 7 45 4.9 -1.1
JHID John Hancock International High Dividend ETF 12.4 46 6 11.0 +5.0
IQDE FlexShares International Quality Dividend Defensive Index ET 12.3 47 5 9.9 +4.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 11.9 42 10 5.4 -0.6
SXUS Janus Henderson International Sustainable Equity ETF 11.9 60 -8 4.2 -1.8
FGM First Trust Germany AlphaDEX Fund 11.9 80 -28 9.4 +3.4
IMOM Alpha Architect International Quantitative Momentum ETF 11.8 49 3 5.8 -0.2
IGRO iShares International Dividend Growth ETF 11.5 15 37 7.6 +1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 11.5 83 -31 8.8 +2.9
LUX Tema Luxury ETF 11.5 75 -23 1.2 -4.8
AIVI WisdomTree International AI Enhanced Value Fund 11.4 58 -6 8.3 +2.4
CLNR IQ Cleaner Transport ETF 11.2 45 7 6.4 +0.5
VSGX Vanguard ESG International Stock ETF 11.1 12 40 4.0 -2.0
NTZG Nuveen Global Net Zero Transition ETF 11.1 55 -3 5.1 -0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 11.0 20 32 5.6 -0.3
IDOG ALPS International Sector Dividend Dogs ETF 10.9 50 2 10.3 +4.4
OCEN IQ Clean Oceans ETF 10.9 45 7 5.6 -0.3
BLES Inspire Global Hope Large Cap ETF 10.8 61 -9 6.4 +0.5
WRND IQ Global Equity R&D Leaders ETF 10.8 18 34 7.2 +1.2
WKLY SoFi Weekly Dividend ETF 10.7 49 3 7.7 +1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.4 42 10 6.8 +0.8
VIGI Vanguard International Dividend Appreciation ETF 10.3 15 37 5.4 -0.6
WLDR Affinity World Leaders Equity ETF 10.3 67 -15 8.7 +2.8
IXG iShares Global Financials ETF 10.1 42 10 6.9 +0.9
PIZ Invesco DWA Developed Markets Momentum ETF 10.1 80 -28 5.5 -0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 10.0 55 -3 5.2 -0.8
IDLV Invesco S&P International Developed Low Volatility ETF 9.8 25 27 6.0 -0.0
DEW WisdomTree Global High Dividend Fund 9.7 58 -6 9.2 +3.2
LUXX Roundhill S&P Global Luxury ETF 9.6 45 7 2.5 -3.5
RODE Hartford Multifactor Diversified International ETF 9.6 29 23 11.2 +5.2
TEMP JPMorgan Climate Change Solutions ETF 9.6 49 3 5.3 -0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 9.5 30 22 7.5 +1.6
IQDF FlexShares International Quality Dividend Index Fund 9.5 47 5 10.2 +4.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 9.5 59 -7 7.0 +1.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 9.4 45 7 5.9 -0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 9.2 9 43 5.7 -0.3
JRNY ALPS Global Travel Beneficiaries ETF 9.1 65 -13 0.6 -5.4
MOTI VanEck Morningstar International Moat ETF 8.9 58 -6 6.9 +1.0
MOTG VanEck Morningstar Global Wide Moat ETF 8.7 52 0 6.2 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 8.6 30 22 6.1 +0.1
TOK iShares MSCI Kokusai ETF 8.6 25 27 5.4 -0.6
IOO iShares Global 100 ETF 8.5 41 11 4.8 -1.2
GVAL Cambria Global Value ETF 8.5 68 -16 12.8 +6.8
KOCG FIS Knights of Columbus Global Belief ETF 8.2 75 -23 5.2 -0.7
URTH iShares MSCI World ETF 8.1 24 28 5.5 -0.5
GCOW Pacer Global High Dividend ETF 8.1 60 -8 13.0 +7.0
LVHI Legg Mason International Low Volatility High Dividend ETF 8.0 40 12 10.1 +4.1
EWI iShares MSCI Italy ETF 7.9 50 2 8.6 +2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.9 47 5 5.8 -0.2
EWP iShares MSCI Spain ETF 7.7 50 2 7.9 +1.9
DIM WisdomTree International MidCap Dividend Fund 7.7 58 -6 8.4 +2.4
TOLL Tema Monopolies and Oligopolies ETF 7.6 75 -23 3.8 -2.2
CIRC JPMorgan Sustainable Consumption ETF 7.5 49 3 5.2 -0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.5 9 43 5.7 -0.3
KXI iShares Global Consumer Staples ETF 7.4 41 11 5.6 -0.4
UPWD JPMorgan Social Advancement ETF 7.3 49 3 4.8 -1.1
ACWI iShares MSCI ACWI ETF 7.2 32 20 5.6 -0.4
VIDI Vident International Equity Fund 7.2 61 -9 11.5 +5.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 7.1 12 40 5.4 -0.6
FDT First Trust Developed Markets ex-US Alphadex Fund 7.0 80 -28 9.6 +3.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.9 25 27 6.2 +0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 6.9 51 1 7.0 +1.1
FYLD Cambria Foreign Shareholder Yield ETF 6.8 59 -7 11.6 +5.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 6.8 50 2 5.2 -0.8
GSFP Goldman Sachs Future Planet Equity ETF 6.7 75 -23 4.7 -1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.6 65 -13 13.9 +8.0
BECO BlackRock Future Climate and Sustainable Economy ETF 6.5 70 -18 18.9 +12.9
FDD First Trust Stoxx European Select Dividend Index Fund 6.3 58 -6 11.3 +5.4
BLLD JPMorgan Sustainable Infrastructure ETF 6.2 49 3 6.4 +0.5
BNE Blue Horizon BNE ETF 6.2 87 -35 4.2 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.1 20 32 5.8 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 6.1 57 -5 10.3 +4.4
HAP VanEck Natural Resources ETF 6.1 50 2 8.1 +2.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 6.0 39 13 11.5 +5.6
BKES BNY Mellon Sustainable Global Emerging Markets ETF 6.0 75 -23 3.9 -2.1
JXI iShares Global Utilities ETF 5.9 43 9 6.8 +0.9
JSTC Adasina Social Justice All Cap Global ETF 5.9 89 -37 4.6 -1.3
GLIF AGFiQ Global Infrastructure ETF 5.9 45 7 5.2 -0.7
VT Vanguard Total World Stock ETF 5.8 7 45 5.1 -0.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 5.7 58 -6 4.9 -1.1
GLOF iShares Global Equity Factor ETF 5.7 20 32 7.2 +1.2
KOIN Innovation Shares NextGen Protocol ETF 5.7 75 -23 5.6 -0.4
SYNB Putnam BioRevolution ETF 5.6 70 -18 2.8 -3.2
ENRG SoFi Smart Energy ETF 5.5 59 -7 -2.5 -8.5
MXI iShares Global Materials ETF 5.4 41 11 6.5 +0.5
IPKW Invesco International BuyBack Achievers ETF 5.3 55 -3 8.6 +2.6
GNR SPDR S&P Global Natural Resources ETF 5.3 40 12 8.9 +3.0
IXJ iShares Global Healthcare ETF 5.3 42 10 6.8 +0.8
XT iShares Exponential Technologies ETF 5.1 46 6 3.5 -2.5
GBUY Goldman Sachs Future Consumer Equity ETF 5.0 75 -23 3.4 -2.6
IXN iShares Global Tech ETF 4.8 41 11 4.6 -1.4
SOLR SmartETFs Sustainable Energy II Fund 4.8 79 -27 5.4 -0.5
IGF iShares Global Infrastructure ETF 4.7 41 11 5.0 -1.0
GII SPDR S&P Global Infrastructure ETF 4.7 40 12 5.1 -0.9
IXC iShares Global Energy ETF 4.7 44 8 7.9 +2.0
FILL iShares MSCI Global Energy Producers ETF 4.7 39 13 8.7 +2.8
DWX SPDR S&P International Dividend ETF 4.6 45 7 6.8 +0.8
CARZ First Trust NASDAQ Global Auto Index Fund 4.5 70 -18 4.6 -1.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.5 45 7 0.7 -5.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.5 46 6 8.6 +2.7
TINY ProShares Nanotechnology ETF 4.5 58 -6 2.4 -3.6
FAN First Trust Global Wind Energy ETF 4.5 60 -8 6.6 +0.7
KLDW Gavekal Knowledge Leaders Developed World ETF 4.3 75 -23 5.0 -1.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.3 75 -23 7.1 +1.2
SCHY Schwab International Dividend Equity ETF 4.1 14 38 8.2 +2.2
AIQ Global X Future Analytics Tech ETF 4.1 68 -16 4.0 -2.0
IXP iShares Global Comm Services ETF 4.1 42 10 5.5 -0.4
NXTG First Trust Indxx NextG ETF 3.9 87 -35 5.5 -0.5
NETZ Engine No 1 Transform Climate ETF 3.9 75 -23 3.8 -2.1
IDV iShares International Select Dividend ETF 3.9 51 1 14.2 +8.3
SHPP Pacer Industrials and Logistics ETF 3.9 60 -8 9.4 +3.4
BULD Pacer BlueStar Engineering the Future ETF 3.8 60 -8 -0.6 -6.6
DIVS SmartETFs Dividend Builder ETF 3.7 65 -13 5.1 -0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.6 56 -4 13.9 +8.0
HART IQ Healthy Hearts ETF 3.6 45 7 5.7 -0.3
LOUP Innovator Loup Frontier Tech ETF 3.4 70 -18 2.1 -3.9
PRNT The 3D Printing ETF 3.4 66 -14 -3.2 -9.1
FID First Trust S&P International Dividend Aristocrats ETF 3.4 60 -8 9.5 +3.5
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 3.3 50 2 3.2 -2.7
FNDC Schwab Fundamental International Small Co. Index ETF 3.3 39 13 6.0 -0.0
DRIV Global X Autonomous & Electric Vehicles ETF 3.2 68 -16 4.5 -1.5
WDIV SPDR Global Dividend ETF 3.1 40 12 9.7 +3.8
SMOG VanEck Low Carbon Energy ETF 3.1 61 -9 3.0 -2.9
KNCT Invesco Next Gen Connectivity ETF 3.0 63 -11 5.8 -0.2
DTEC ALPS Disruptive Technologies ETF 3.0 50 2 3.7 -2.2
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 3.0 75 -23 4.7 -1.2
SNSR Global X Internet of Things Thematic ETF 3.0 68 -16 4.2 -1.8
DINT Davis Select International ETF 3.0 64 -12 5.6 -0.3
ROBO Robo Global Robotics & Automation Index ETF 3.0 95 -43 3.2 -2.8
IBOT Vaneck Robotics ETF 3.0 47 5 3.4 -2.6
IVEG iShares Emergent Food and AgTech Multisector ETF 3.0 47 5 8.2 +2.2
EWK iShares MSCI Belgium Capped ETF 2.9 50 2 7.4 +1.4
MOTO SmartETFs Smart Transportation & Technology ETF 2.9 68 -16 6.9 +0.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 -18 4.3 -1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.9 47 5 5.6 -0.4
INNO Harbor Disruptive Innovation ETF 2.9 75 -23 -6.0 -12.0
VCLN Virtus Duff & Phelps Clean Energy ETF 2.8 59 -7 3.8 -2.2
GDVD R3 Global Dividend Growth ETF 2.7 88 -36 6.0 +0.0
QTUM Defiance Quantum ETF 2.7 40 12 4.3 -1.6
IQM Franklin Intelligent Machines ETF 2.6 50 2 3.3 -2.7
TINT ProShares Smart Materials ETF 2.6 58 -6 4.2 -1.8
CGGR Capital Group Growth ETF 2.6 39 13 3.7 -2.3
EFNL iShares MSCI Finland Capped ETF 2.6 53 -1 7.5 +1.5
RAYD Rayliant Quantitative Developed Market Equity ETF 2.6 80 -28 5.5 -0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 2.6 34 18 10.0 +4.1
ISHP First Trust S-Network E-Commerce ETF 2.5 60 -8 3.6 -2.4
FPAG FPA Global Equity ETF 2.5 49 3 5.4 -0.5
FDNI First Trust Dow Jones International Internet ETF 2.3 65 -13 2.2 -3.8
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 2.3 23 29 8.4 +2.4
DFIS Dimensional International Small Cap ETF 2.3 39 13 6.6 +0.6
ARKX ARK Space Exploration & Innovation ETF 2.2 70 -18 1.7 -4.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.2 58 -6 9.3 +3.3
JETS US Global Jets ETF 2.1 60 -8 -12.8 -18.8
LNGG Roundhill Alerian LNG ETF 2.1 65 -13 8.8 +2.8
FDVV Fidelity Core Dividend ETF 2.1 29 23 9.1 +3.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.1 72 -20 2.5 -3.5
IDNA iShares Genomics Immunology & Healthcare ETF 2.1 47 5 -8.5 -14.5
XDNA Strategic CRISPR & Gene Editing Technology ETF 2.1 78 -26 -8.4 -14.3
CGUS Capital Group Core Equity ETF 2.0 33 19 5.2 -0.8
ACWV iShares MSCI Global Min Vol Factor ETF 2.0 20 32 6.6 +0.6
FDRR Fidelity Dividend ETF for Rising Rates 2.0 29 23 8.1 +2.2
UFO Procure Space ETF 2.0 75 -23 0.4 -5.6
HJEN Direxion Hydrogen ETF 1.9 45 7 -2.7 -8.6
HDRO Defiance Next Gen H2 ETF 1.9 30 22 -12.7 -18.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.9 65 -13 2.4 -3.5
FTAG First Trust Indxx Global Agriculture ETF 1.8 70 -18 9.2 +3.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.8 75 -23 3.6 -2.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.7 47 5 -1.9 -7.8
IQRA IQ CBRE Real Assets ETF 1.7 65 -13 5.8 -0.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.5 45 7 1.1 -4.9
EIRL iShares MSCI Ireland Capped ETF 1.5 50 2 4.8 -1.1
BFIT Global X Health & Wellness ETF 1.5 50 2 5.6 -0.3
SDG iShares Sustainable MSCI Global Impact ETF 1.5 49 3 6.6 +0.6
SAGP Strategas Global Policy Opportunities ETF 1.5 65 -13 4.6 -1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 3 5.4 -0.5
SUPL ProShares Supply Chain Logistics ETF 1.5 58 -6 12.9 +6.9
BTEK BlackRock Future Tech ETF 1.5 88 -36 1.8 -4.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.4 68 -16 3.0 -3.0
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 7 4.8 -1.2
IDAT iShares Cloud 5G and Tech ETF 1.3 47 5 5.1 -0.9
MEM Matthews Emerging Markets Equity Active ETF 1.2 79 -27 5.6 -0.4
IBUY Amplify Online Retail ETF 1.1 65 -13 0.6 -5.4
DWLD Davis Select Worldwide ETF 1.1 62 -10 6.9 +1.0
PBD Invesco Global Clean Energy ETF 1.1 75 -23 -1.6 -7.6
TMFG Motley Fool Global Opportunities ETF 1.1 85 -33 3.4 -2.5
MVPS Amplify Thematic All-Stars ETF 1.1 49 3 2.0 -4.0
YUMY VanEck Future of Food ETF 1.1 69 -17 5.5 -0.4
MDEV First Trust Indxx Medical Devices ETF 1.0 70 -18 4.1 -1.8
WDNA WisdomTree BioRevolution Fund 1.0 45 7 -5.8 -11.7
IDRV iShares Self-driving EV & Tech ETF 1.0 47 5 -1.1 -7.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.0 39 13 -0.1 -6.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 40 9.2 +3.3
HAUZ Xtrackers International Real Estate ETF 1.0 10 42 8.9 +2.9
ERET iShares Environmentally Aware Real Estate ETF 1.0 30 22 7.2 +1.3
IFGL iShares International Developed Real Estate ETF 1.0 48 4 7.5 +1.5
WPS iShares International Developed Property ETF 1.0 48 4 7.5 +1.5
DFNL Davis Select Financial ETF 1.0 63 -11 8.0 +2.0
BUYZ Franklin Disruptive Commerce ETF 1.0 50 2 1.7 -4.2
MOO VanEck Agribusiness ETF 0.9 53 -1 8.6 +2.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.9 68 -16 1.6 -4.4
TRFK Pacer Data and Digital Revolution ETF 0.9 60 -8 4.5 -1.5
SEA U.S. Global Sea to Sky Cargo ETF 0.9 60 -8 31.7 +25.8
DISV Dimensional International Small Cap Value ETF 0.8 42 10 9.4 +3.5
BPAY BlackRock Future Financial and Technology ETF 0.8 70 -18 10.4 +4.5
SANE Subversive Mental Health ETF 0.7 75 -23 4.3 -1.7
FPXI First Trust International Equity Opportunities ETF 0.7 70 -18 3.8 -2.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.7 18 34 7.5 +1.5
ERTH Invesco MSCI Sustainable Future ETF 0.7 56 -4 3.8 -2.1
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 3 3.8 -2.1
CUT Invesco MSCI Global Timber ETF 0.7 61 -9 8.8 +2.8
WOOD iShares Global Timber & Forestry ETF 0.7 42 10 9.1 +3.2
GGME Invesco Next Gen Media and Gaming ETF 0.7 63 -11 4.1 -1.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.7 85 -33 5.6 -0.3
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -33 0.1 -5.8
IGPT Invesco AI and Next Gen Software ETF 0.7 56 -4 4.7 -1.2
PGAL Global X FTSE Portugal 20 ETF 0.7 61 -9 6.8 +0.8
ETEC iShares Breakthrough Environmental Solutions ETF 0.7 47 5 5.6 -0.4
IPAY ETFMG Prime Mobile Payments ETF 0.6 75 -23 7.6 +1.6
BJK VanEck Gaming ETF 0.6 65 -13 1.7 -4.3
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 -23 0.7 -5.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.6 60 -8 2.0 -4.0
GRNR Global X Green Building ETF 0.6 45 7 7.2 +1.2
VERS ProShares Metaverse ETF 0.6 58 -6 -9.7 -15.7
ARVR First Trust Indxx Metaverse ETF 0.6 70 -18 2.1 -3.8
IVRS iShares Future Metaverse Tech and Communications ETF 0.6 47 5 4.4 -1.6
AWAY ETFMG Travel Tech ETF 0.6 76 -24 -4.6 -10.6
FMET Fidelity Metaverse ETF 0.6 39 13 4.2 -1.8
OGIG O'Shares Global Internet Giants ETF 0.6 48 4 0.1 -5.9
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 2 6.8 +0.8
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -7 6.5 +0.5
CRAK VanEck Oil Refiners ETF 0.6 61 -9 11.9 +5.9
EWO iShares MSCI Austria ETF 0.6 50 2 13.3 +7.3
FINX Global X FinTech Thematic ETF 0.6 68 -16 4.6 -1.4
SHLD Global X Defense Tech ETF 0.6 50 2 6.6 +0.6
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 -6 5.2 -0.8
ICLN iShares Global Clean Energy ETF 0.6 41 11 4.2 -1.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 5 5.9 -0.1
DFGR Dimensional Global Real Estate ETF 0.5 22 30 7.1 +1.1
REET iShares Global REIT ETF 0.5 14 38 7.3 +1.4
ARKF ARK Fintech Innovation ETF 0.5 75 -23 -2.5 -8.4
BYOB SoFi Be Your Own Boss ETF 0.5 59 -7 -3.0 -9.0
WUGI AXS Esoterica NextG Economy ETF 0.5 75 -23 3.1 -2.8
PIO Invesco Global Water ETF 0.5 75 -23 5.1 -0.8
BYTE Roundhill IO Digital Infrastructure ETF 0.5 46 6 9.2 +3.2
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 0.5 55 -3 6.0 0.0
CZA Invesco Zacks Mid-Cap ETF 0.5 69 -17 6.7 +0.7
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 -23 6.6 +0.6
ROYA Tema Global Royalties ETF 0.4 75 -23 4.0 -2.0
AGNG Global X Aging Population ETF 0.4 50 2 4.0 -2.0
EBLU Ecofin Global Water ESG Fund 0.4 40 12 4.2 -1.7
FDHT Fidelity Digital Health ETF 0.4 39 13 -3.5 -9.5
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 5 5.6 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.4 45 7 7.3 +1.3
FRNW Fidelity Clean Energy ETF 0.3 39 13 4.5 -1.4
BMED BlackRock Future Health ETF 0.3 85 -33 0.7 -5.3
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.3 60 -8 3.9 -2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 13 10.2 +4.2
CANC Tema Oncology ETF 0.3 75 -23 -4.4 -10.4
AVRE Avantis Real Estate ETF 0.3 17 35 6.6 +0.6
NLR VanEck Uranium+Nuclear Energy ETF 0.3 61 -9 4.3 -1.7
VEGI iShares MSCI Global Agriculture Producers ETF 0.3 39 13 9.0 +3.0
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 32 6.1 +0.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 0.2 75 -23 4.3 -1.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.2 15 37 5.7 -0.3
FBCV Fidelity Blue Chip Value ETF 0.2 59 -7 7.1 +1.1
QQQN VictoryShares Nasdaq Next 50 ETF 0.2 18 34 3.6 -2.4
USVT US Value ETF 0.2 49 3 12.1 +6.1
BOUT Innovator IBD Breakout Opportunities ETF 0.2 81 -29 5.3 -0.7
KRUZ Unusual Whales Subversive Republican Trading ETF 0.2 75 -23 4.1 -1.9
RNRG Global X Renewable Energy Producers ETF 0.2 66 -14 4.8 -1.1
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 7 -4.2 -10.1
AVDV Avantis International Small Cap Value ETF 0.2 36 16 7.1 +1.2
PTEC Global X PropTech ETF 0.2 50 2 2.4 -3.6
CGV Conductor Global Equity Value ETF 0.2 130 -78 9.8 +3.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -23 6.5 +0.5
JEMA JPMorgan Emerging Markets Equity Core ETF 0.2 33 19 7.1 +1.1
APIE ActivePassive International Equity ETF 0.2 45 7 8.1 +2.1
PSP Invesco Global Listed Private Equity ETF 0.2 144 -92 11.1 +5.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.2 39 13 -1.0 -6.9
HELX Franklin Genomic Advancements ETF 0.2 50 2 1.9 -4.0
RVRB Reverb ETF 0.1 30 22 5.3 -0.7
GAMR ETFMG Video Game Tech ETF 0.1 75 -23 5.2 -0.7
HOTL Kelly Hotel & Lodging Sector ETF 0.1 78 -26 3.4 -2.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -34 1.6 -4.3
OND ProShares On-Demand ETF 0.1 58 -6 -6.5 -12.5
IWFH iShares Virtual Work and Life Multisector ETF 0.1 47 5 -6.2 -12.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -34 1.8 -4.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 31 4.0 -1.9
GDOC Goldman Sachs Future Health Care Equity ETF 0.1 75 -23 3.1 -2.9
ECLN First Trust EIP Carbon Impact ETF 0.1 96 -44 5.3 -0.7
SRET Global X SuperDividend REIT ETF 0.1 59 -7 10.1 +4.1
BLDG Cambria Global Real Estate ETF 0.1 60 -8 9.3 +3.3
BATT Amplify Lithium & Battery Technology ETF 0.1 59 -7 1.8 -4.2
PEX ProShares Global Listed Private Equity ETF 0.1 81 -29 14.3 +8.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 13 7.1 +1.1
VYM Vanguard High Dividend Yield Index ETF 0.1 6 46 7.8 +1.8
DTRE Alerian Disruptive Technology Real Estate ETF 0.1 60 -8 3.7 -2.3
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 0.1 55 -3 6.0 +0.0
STXV Strive 1000 Value ETF 0.1 18 34 8.5 +2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 27 7.2 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 0.1 32 20 5.3 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.1 25 27 7.2 +1.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 43 5.3 -0.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 0 52 0.0 -6.0
IPOS Renaissance International IPO ETF 0.0 80 -28 -104.7 -110.6
WNDY Global X Wind Energy ETF 0.0 50 2 5.1 -0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.0 40 12 7.8 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 45 1.1 -4.8
ARB AltShares Merger Arbitrage ETF -0.9 77 -25 -0.4 -6.4

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI Eurozone 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 10.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.52
 
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.