Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™
13.2% info Recommen-
dation
SPECULATIVE
2022E    2023E
P/E
ratio
8.1x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted Emerging Markets Factor Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Feb 26, 2019
Assets (mns) $21
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 214
Wgt avg mkt cap (mns) $19,750
Large cap (>$10bn) 25.4%
Mid cap ($2-10bn) 49.5%
Small cap (<$2bn) 8.0%
Developed mkts 6.8%
Emerging mkts 93.2%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 3.1 %
EMAAR PROPERTIES PJSC 2.0 %
RUENTEX DEVELOPMENT CO LTD 2.0 %
PETROBRAS - PETROLEO BRAS-PR 1.5 %
CPFL ENERGIA SA 1.5 %
KALBE FARMA PT 1.5 %
POWER GRID CORP OF INDIA LTD 1.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.4 %
CHINA OVERSEAS LAND & INVEST 1.4 %
GAIL INDIA LTD 1.3 %
Total 17.2 %

TOP COUNTRY EXPOSURE
CHINA 19.9 %
INDIA 16.4 %
TAIWAN 13.7 %
SOUTH KOREA 9.8 %
INDONESIA 6.1 %
BRAZIL 4.7 %
HONG KONG 4.1 %
SOUTH AFRICA 4.0 %
TURKEY 2.6 %
MALAYSIA 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.2% -21.8% -- -- -3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.60 55%
MSCI EAFE 0.70 68%
MSCI Emg. Mkts. 0.80 91%

Technical Indicators
Recent close $21.47
30d moving avg. $20.44
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 1.04%
ADV underlying (mns) $9,873

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 448 potential alternatives to the Fidelity Emerging Markets Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDEM Expense: 45 bp ALTAR Score™: 13.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDEM
Ticker Fund
Name
Overlap1
vs FDEM
(%)
Expense
ratio
(bp)
Savings
vs FDEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDEM
(%)
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 31.0 45 0 14.7 +1.5
ROAM Hartford Multifactor Emerging Markets ETF 29.3 44 1 12.6 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 28.6 48 -3 12.4 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 26.9 49 -4 9.1 -4.2
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 25.2 44 1 9.9 -3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 25.1 45 0 9.3 -3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 25.0 51 -6 10.0 -3.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 24.6 32 13 8.6 -4.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.7 40 5 8.4 -4.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 23.6 36 9 7.9 -5.3
EEM iShares MSCI Emerging Markets ETF 23.1 68 -23 8.1 -5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 22.9 30 15 9.7 -3.6
BKEM BNY Mellon Emerging Markets Equity ETF 22.5 11 34 8.6 -4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.5 30 15 8.5 -4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 22.4 66 -21 8.0 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 22.4 15 30 9.5 -3.7
EMXC iShares MSCI Emerging Markets ex China ETF 22.0 25 20 7.6 -5.6
EEMO Invesco S&P Emerging Markets Momentum ETF 21.9 31 14 7.4 -5.8
IEMG iShares Core MSCI Emerging Markets ETF 21.4 9 36 8.4 -4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.1 39 6 13.7 +0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 20.7 50 -5 12.4 -0.8
EMGF iShares MSCI Emerging Markets Multifactor ETF 20.5 45 0 11.7 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 20.3 50 -5 7.8 -5.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.2 23 22 6.9 -6.3
DFAE Dimensional Emerging Core Equity Market ETF 20.2 35 10 8.9 -4.3
ESGE iShares ESG Aware MSCI EM ETF 19.7 25 20 8.8 -4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.6 29 16 9.2 -4.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 19.4 25 20 8.2 -5.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.0 69 -24 7.4 -5.8
FLAX Franklin FTSE Asia Ex Japan ETF 18.5 19 26 8.2 -5.0
SCHE Schwab Emerging Markets Equity ETF 18.4 11 34 8.1 -5.1
FEM First Trust Emerging Markets AlphaDEX Fund 18.3 80 -35 17.1 +3.9
RESE WisdomTree Emerging Markets ESG Fund 18.3 32 13 8.1 -5.1
AVEM Avantis Emerging Markets Equity ETF 18.3 33 12 9.8 -3.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 18.2 50 -5 15.9 +2.7
JEMA JPMorgan Emerging Markets Equity Core ETF 18.2 39 6 7.8 -5.4
DEM WisdomTree Emerging Markets High Dividend Fund 18.0 63 -18 14.6 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 17.7 11 34 8.2 -5.0
RNEM First Trust Emerging Markets Equity Select ETF 17.6 75 -30 10.7 -2.5
VWO Vanguard FTSE Emerging Markets ETF 17.5 8 37 8.4 -4.8
EMXF iShares ESG Advanced MSCI EM ETF 17.4 16 29 8.9 -4.3
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 17.4 16 29 9.9 -3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 17.4 59 -14 10.8 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 17.2 49 -4 7.6 -5.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 17.2 18 27 8.2 -5.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 17.0 70 -25 15.4 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 16.9 39 6 9.4 -3.8
BKF iShares MSCI BRIC ETF 16.4 70 -25 9.6 -3.6
XCEM Columbia EM Core ex-China ETF 16.3 16 29 7.4 -5.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.1 95 -50 16.8 +3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 16.1 32 13 6.5 -6.7
DEHP Dimensional Emerging Markets High Profitability ETF 16.0 41 4 8.9 -4.3
DFEV Dimensional Emerging Markets Value ETF 15.2 43 2 12.7 -0.5
RODE Hartford Multifactor Diversified International ETF 14.9 29 16 12.5 -0.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 14.8 49 -4 24.4 +11.2
DVYE iShares Emerging Markets Dividend ETF 14.5 49 -4 23.9 +10.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 14.4 16 29 8.2 -5.0
AVES Avantis Emerging Markets Value ETF 14.2 36 9 15.0 +1.8
EPI WisdomTree India Earnings Fund 13.3 84 -39 18.7 +5.5
FLIN Franklin FTSE India ETF 12.9 19 26 5.5 -7.7
PIN Invesco India ETF 12.8 78 -33 3.9 -9.3
EYLD Cambria Emerging Shareholder Yield ETF 12.6 64 -19 13.3 +0.1
INDA iShares MSCI India ETF 12.3 65 -20 3.2 -10.1
ISEM Invesco RAFI Strategic Emerging Markets ETF 12.2 35 10 13.0 -0.2
LDEM iShares ESG MSCI EM Leaders ETF 12.2 16 29 8.8 -4.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 12.1 80 -35 8.4 -4.9
RAYE Rayliant Quantamental Emerging Market Equity ETF 12.0 80 -35 13.4 +0.2
VIDI Vident International Equity Fund 11.7 61 -16 12.5 -0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.6 20 25 8.0 -5.2
IQDF FlexShares International Quality Dividend Index Fund 11.3 47 -2 10.6 -2.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.3 61 -16 13.0 -0.2
INDY iShares India 50 ETF 10.7 89 -44 3.3 -9.9
EMFM Global X MSCI Next Emerging & Frontier ETF 10.6 63 -18 6.4 -6.8
NUEM Nuveen ESG Emerging Markets Equity ETF 10.5 35 10 7.5 -5.7
GXC SPDR S&P China ETF 10.5 59 -14 10.7 -2.6
FRDM Freedom 100 Emerging Markets ETF 10.3 49 -4 8.6 -4.6
PIE Invesco DWA Emerging Markets Momentum ETF 9.6 90 -45 7.1 -6.2
ECON Columbia Emerging Markets Consumer ETF 9.3 49 -4 4.0 -9.2
MCHI iShares MSCI China ETF 9.1 57 -12 10.9 -2.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 8.9 58 -13 12.4 -0.8
IQDE FlexShares International Quality Dividend Defensive Index ET 8.8 47 -2 8.9 -4.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.7 67 -22 22.7 +9.5
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 8.7 58 -13 5.2 -8.0
FLCH Franklin FTSE China ETF 8.6 19 26 11.1 -2.1
FLKR Franklin FTSE South Korea ETF 8.2 9 36 9.5 -3.8
EDIV SPDR S&P Emerging Markets Dividend ETF 8.1 49 -4 20.5 +7.3
FCA First Trust China AlphaDEX Fund 8.1 80 -35 23.0 +9.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 8.1 20 25 10.9 -2.3
EWY iShares MSCI South Korea ETF 8.0 57 -12 8.7 -4.5
KALL KraneShares MSCI All China Index ETF 7.8 48 -3 11.5 -1.7
FLTW Franklin FTSE Taiwan ETF 7.6 19 26 7.8 -5.4
EWT iShares MSCI Taiwan ETF 7.6 57 -12 7.4 -5.8
FXI iShares China Large-Cap ETF 7.3 74 -29 15.2 +2.0
VYMI Vanguard International High Dividend Yield ETF 7.3 22 23 10.2 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.2 47 -2 9.9 -3.3
ACWX iShares MSCI ACWI ex U.S. ETF 7.1 32 13 7.5 -5.7
AIA iShares Asia 50 ETF 7.0 50 -5 9.8 -3.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.0 60 -15 12.2 -1.1
GVAL Cambria Global Value ETF 6.8 71 -26 11.5 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.8 41 4 7.6 -5.6
CN Xtrackers MSCI All China Equity ETF 6.7 50 -5 12.1 -1.2
EIDO iShares MSCI Indonesia ETF 6.5 57 -12 8.2 -5.0
VSGX Vanguard ESG International Stock ETF 6.5 12 33 7.2 -6.1
FLLA Franklin FTSE Latin America ETF 6.5 19 26 8.6 -4.6
ACWF iShares MSCI Global Multifactor ETF 6.5 35 10 9.5 -3.8
IXUS ishares Core MSCI Total International Stock ETF 6.4 7 38 7.4 -5.9
BICK First Trust BICK Index Fund 6.4 64 -19 6.6 -6.6
IDX VanEck Indonesia Index ETF 6.3 57 -12 7.5 -5.8
ACWV iShares MSCI Global Min Vol Factor ETF 6.3 20 25 6.9 -6.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.2 65 -20 9.9 -3.4
VXUS Vanguard Total International Stock ETF 6.2 7 38 7.4 -5.8
SCHY Schwab International Dividend Equity ETF 6.1 14 31 9.3 -4.0
VEU Vanguard FTSE All-World ex-US Index Fund 5.8 7 38 7.6 -5.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.8 31 14 9.2 -4.0
SDIV Global X SuperDividend ETF 5.6 58 -13 21.9 +8.6
KESG KraneShares MSCI China ESG Leaders Index ETF 5.5 59 -14 12.2 -1.0
FLN First Trust Latin America AlphaDEX Fund 5.4 80 -35 12.4 -0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 5.4 70 -25 17.6 +4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.1 78 -33 10.6 -2.6
AIQ Global X Future Analytics Tech ETF 5.1 68 -23 5.8 -7.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.0 80 -35 8.4 -4.8
DEW WisdomTree Global High Dividend Fund 4.9 58 -13 9.8 -3.4
DWLD Davis Select Worldwide ETF 4.9 62 -17 9.2 -4.0
DINT Davis Select International ETF 4.9 64 -19 6.8 -6.4
VPL Vanguard FTSE Pacific ETF 4.9 8 37 7.2 -6.1
CWI SPDR MSCI ACWI ex-US ETF 4.8 30 15 7.4 -5.8
GLIN VanEck India Growth Leaders ETF 4.7 82 -37 16.7 +3.5
UMMA Wahed Dow Jones Islamic World ETF 4.6 65 -20 5.7 -7.5
KMED KraneShares Emerging Markets Healthcare Index ETF 4.5 81 -36 2.2 -11.1
DWCR Arrow DWA Country Rotation ETF 4.5 111 -66 7.1 -6.1
NXTG First Trust Indxx NextG ETF 4.4 70 -25 7.2 -6.0
CARZ First Trust NASDAQ Global Auto Index Fund 4.3 70 -25 6.0 -7.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.3 42 3 6.1 -7.1
IMFL Invesco International Developed Dynamic Multifactor ETF 4.1 34 11 7.4 -5.9
FLBR Franklin FTSE Brazil ETF 4.1 19 26 9.5 -3.7
FID First Trust S&P International Dividend Aristocrats ETF 4.1 60 -15 9.1 -4.2
INCO Columbia India Consumer ETF 4.0 75 -30 2.5 -10.7
EWZ iShares MSCI Brazil Capped ETF 4.0 57 -12 7.9 -5.4
CHIX Global X MSCI China Financials ETF 3.8 65 -20 24.3 +11.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.8 68 -23 6.5 -6.8
IDRV iShares Self-driving EV & Tech ETF 3.7 47 -2 7.8 -5.4
WDIV SPDR Global Dividend ETF 3.5 40 5 9.4 -3.8
WRND IQ Global Equity R&D Leaders ETF 3.5 18 27 8.7 -4.5
EWEB Global X Emerging Markets Internet & E-commerce ETF 3.5 65 -20 4.8 -8.4
CGV Conductor Global Equity Value ETF 3.4 128 -83 9.5 -3.7
FLZA Franklin FTSE South Africa ETF 3.4 19 26 7.6 -5.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.4 45 0 2.5 -10.7
CHIE Global X MSCI China Energy ETF 3.3 67 -22 12.2 -1.1
WWJD Inspire International ESG ETF 3.3 69 -24 6.8 -6.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.3 32 13 6.4 -6.8
CHIQ Global X MSCI China Consumer ETF 3.2 65 -20 3.5 -9.7
FBZ First Trust Brazil AlphaDEX Fund 3.2 80 -35 16.5 +3.3
METV Roundhill Ball Metaverse ETF 3.1 59 -14 5.8 -7.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.1 20 25 6.9 -6.3
FNI First Trust Chindia ETF 3.1 59 -14 0.3 -13.0
DWX SPDR S&P International Dividend ETF 3.0 45 0 8.7 -4.6
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 -10 8.1 -5.1
CHNA Loncar China BioPharma ETF 2.9 79 -34 -0.3 -13.6
DUSA Davis Select U.S. Equity ETF 2.9 61 -16 10.6 -2.6
DGT SPDR Global Dow ETF 2.8 50 -5 7.8 -5.5
LOUP Innovator Loup Frontier Tech ETF 2.8 70 -25 7.3 -5.9
PGJ Invesco Golden Dragon China ETF 2.8 70 -25 2.9 -10.3
CGXU Capital Group International Focus Equity ETF 2.7 54 -9 4.5 -8.7
ACWI iShares MSCI ACWI ETF 2.7 32 13 6.7 -6.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.7 60 -15 3.5 -9.7
HFXI IQ 50 Percent Hedged FTSE International ETF 2.6 20 25 7.4 -5.8
FNDF Schwab Fundamental International Large Co. Index ETF 2.6 25 20 8.5 -4.7
IXN iShares Global Tech ETF 2.6 40 5 6.2 -7.0
IGRO iShares International Dividend Growth ETF 2.6 15 30 9.2 -4.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 2.5 23 22 8.0 -5.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.5 78 -33 9.0 -4.2
JPIN JPMorgan Diversified Return International Equity ETF 2.5 37 8 8.8 -4.5
BKES BNY Mellon Sustainable Global Emerging Markets ETF 2.4 11 34 5.0 -8.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 2.4 29 16 6.5 -6.7
EBIZ Global X E-Commerce ETF 2.3 50 -5 2.7 -10.6
FICS First Trust International Developed Capital Strength ETF 2.3 70 -25 6.5 -6.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.3 12 33 9.8 -3.4
CHIR Global X MSCI China Real Estate ETF 2.3 66 -21 25.2 +11.9
XT iShares Exponential Technologies ETF 2.3 46 -1 4.3 -8.9
MOTI VanEck Morningstar International Moat ETF 2.3 57 -12 9.2 -4.1
VT Vanguard Total World Stock ETF 2.3 7 38 6.8 -6.4
ASEA Global X Southeast Asia ETF 2.3 65 -20 7.4 -5.8
FLSA Franklin FTSE Saudi Arabia ETF 2.3 39 6 6.5 -6.8
KSA iShares MSCI Saudi Arabia Capped ETF 2.3 74 -29 5.7 -7.5
INDF Nifty India Financials ETF 2.3 75 -30 5.2 -8.0
EWM iShares MSCI Malaysia ETF 2.3 50 -5 7.7 -5.5
BYOB SoFi Be Your Own Boss ETF 2.2 59 -14 -6.2 -19.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 2.2 7 38 7.3 -5.9
PNQI Invesco NASDAQ Internet ETF 2.2 60 -15 3.8 -9.4
ONLN ProShares Online Retail ETF 2.2 58 -13 -5.5 -18.7
VIGI Vanguard International Dividend Appreciation ETF 2.2 15 30 6.2 -7.0
RSX VanEck Russia ETF 2.2 70 -25 26.7 +13.5
EZA iShares MSCI South Africa ETF 2.1 57 -12 8.5 -4.7
FDNI First Trust Dow Jones International Internet ETF 2.1 65 -20 2.8 -10.4
FILL iShares MSCI Global Energy Producers ETF 2.1 39 6 7.6 -5.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.1 12 33 6.5 -6.8
TUR iShares MSCI Turkey ETF 2.1 57 -12 11.5 -1.7
MINV Matthews Asia Innovators Active ETF 2.1 79 -34 4.4 -8.8
AFK VanEck Africa Index ETF 2.1 77 -32 8.7 -4.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 2.0 45 0 7.1 -6.2
ERUS iShares MSCI Russia ETF 2.0 57 -12 0.0 -13.2
BLES Inspire Global Hope Large Cap ETF 2.0 49 -4 6.6 -6.6
UAE iShares MSCI UAE Capped ETF 2.0 59 -14 5.9 -7.3
ISHP First Trust S-Network E-Commerce ETF 2.0 60 -15 5.9 -7.3
SCHF Schwab International Equity ETF 2.0 6 39 7.5 -5.8
TCHI iShares MSCI China Multisector Tech ETF 2.0 59 -14 4.6 -8.6
ILF iShares Latin America 40 ETF 2.0 47 -2 7.6 -5.7
FDT First Trust Developed Markets ex-US Alphadex Fund 1.9 80 -35 9.4 -3.8
CHIH Global X MSCI China Health Care ETF 1.9 65 -20 2.3 -10.9
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.9 80 -35 15.8 +2.6
FLMX Franklin FTSE Mexico ETF 1.9 19 26 6.2 -7.0
EWW iShares MSCI Mexico Capped ETF 1.9 50 -5 5.9 -7.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 0 8.1 -5.1
IXG iShares Global Financials ETF 1.8 40 5 9.3 -3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 1.8 39 6 11.3 -1.9
VEA Vanguard FTSE Developed Markets ETF 1.8 5 40 7.2 -6.0
XNTK SPDR NYSE Technology ETF 1.8 35 10 5.9 -7.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.8 24 21 8.1 -5.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.8 61 -16 8.8 -4.4
KURE KraneShares MSCI All China Health Care Index ETF 1.7 65 -20 2.6 -10.6
ECH iShares MSCI Chile ETF 1.7 57 -12 9.9 -3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 1.7 65 -20 7.3 -5.9
CHIS Global X MSCI China Consumer Staples ETF 1.7 65 -20 4.0 -9.2
GLCN VanEck China Growth Leaders ETF 1.7 60 -15 10.7 -2.5
THNQ ROBO Global Artificial Intelligence ETF 1.5 68 -23 3.2 -10.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 57 -12 13.0 -0.2
EPHE iShares MSCI Philippines ETF 1.5 57 -12 7.8 -5.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.5 68 -23 1.9 -11.3
BTEK BlackRock Future Tech ETF 1.4 88 -43 0.8 -12.4
TPIF Timothy Plan International ETF 1.4 62 -17 6.8 -6.4
GURU Global X Guru Index ETF 1.4 75 -30 4.5 -8.7
GVIP Goldman Sachs Hedge Industry VIP ETF 1.4 45 0 5.1 -8.1
WFH Direxion Work From Home ETF 1.4 45 0 0.0 -13.2
GRNR Global X Green Building ETF 1.4 45 0 8.1 -5.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.4 50 -5 3.7 -9.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.4 46 -1 7.7 -5.5
BATT Amplify Lithium & Battery Technology ETF 1.4 59 -14 3.3 -9.9
KBUY KraneShares CICC China Consumer Leaders Index ETF 1.4 68 -23 5.3 -7.9
OGIG O'Shares Global Internet Giants ETF 1.4 48 -3 0.6 -12.7
PLAT WisdomTree Modern Tech Platforms Fund 1.3 20 25 -0.0 -13.2
HAUZ Xtrackers International Real Estate ETF 1.3 10 35 8.2 -5.0
IOO iShares Global 100 ETF 1.3 40 5 6.8 -6.4
QTUM Defiance Quantum ETF 1.3 40 5 5.0 -8.2
CHIU Global X MSCI China Utilities ETF 1.2 67 -22 10.8 -2.4
DGIN VanEck Digital India ETF 1.2 75 -30 0.2 -13.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.2 70 -25 2.2 -11.0
CGGO Capital Group Global Growth Equity ETF 1.1 47 -2 4.7 -8.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -35 10.6 -2.7
CIL VictoryShares International Volatility Weighted Index ETF 1.1 45 0 7.3 -5.9
VR Global X Metaverse ETF 1.1 50 -5 8.7 -4.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 0 5.6 -7.6
MEM Matthews Emerging Markets Equity Active ETF 1.1 79 -34 5.8 -7.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.1 86 -41 2.0 -11.3
TRFM AAM Transformers ETF 1.0 49 -4 2.8 -10.4
RNDM First Trust Developed International Equity Select ETF 1.0 65 -20 6.4 -6.8
HAP VanEck Natural Resources ETF 1.0 49 -4 7.5 -5.7
ARGT Global X MSCI Argentina ETF 1.0 59 -14 6.6 -6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 36 6.4 -6.8
KOIN Innovation Shares NextGen Protocol ETF 1.0 75 -30 7.7 -5.5
KWEB KraneShares CSI China Internet ETF 1.0 69 -24 0.5 -12.7
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -44 6.4 -6.8
NLR VanEck Uranium+Nuclear Energy ETF 1.0 60 -15 1.6 -11.6
SFYF SoFi 50 ETF 1.0 29 16 -4.3 -17.5
GCOW Pacer Global High Dividend ETF 1.0 60 -15 12.4 -0.8
QINT American Century Quality Diversified International ETF 1.0 39 6 8.4 -4.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 1.0 65 -20 6.2 -7.0
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.9 47 -2 -0.3 -13.5
THD iShares MSCI Thailand ETF 0.9 57 -12 4.6 -8.7
AWAY ETFMG Travel Tech ETF 0.9 75 -30 -5.5 -18.7
CQQQ Invesco China Technology ETF 0.9 70 -25 -3.2 -16.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 60 -15 -33.4 -46.7
CHIK Global X MSCI China Information Technology ETF 0.9 65 -20 6.7 -6.5
FLHK Franklin FTSE Hong Kong ETF 0.8 9 36 7.3 -5.9
NTZG Nuveen Global Net Zero Transition ETF 0.8 55 -10 5.7 -7.5
EPOL iShares MSCI Poland Capped ETF 0.8 57 -12 11.5 -1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -20 13.2 -0.1
FM iShares MSCI Frontier and Select EM ETF 0.8 79 -34 13.0 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -20 3.1 -10.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -4 5.4 -7.8
LIT Global X Lithium & Battery Tech ETF 0.8 75 -30 3.1 -10.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.8 45 0 3.7 -9.6
JFWD Jacob Forward ETF 0.8 75 -30 -13.9 -27.1
SDG iShares Sustainable MSCI Global Impact ETF 0.8 49 -4 8.9 -4.3
VEGI iShares MSCI Global Agriculture Producers ETF 0.8 39 6 6.5 -6.8
IXP iShares Global Comm Services ETF 0.8 40 5 9.7 -3.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 7 38 6.2 -7.0
BNE Blue Horizon BNE ETF 0.7 87 -42 3.8 -9.4
CTEC Global X CleanTech ETF 0.7 50 -5 1.2 -12.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 4 41 6.9 -6.4
SMOG VanEck Low Carbon Energy ETF 0.7 55 -10 2.5 -10.7
MOTO SmartETFs Smart Transportation & Technology ETF 0.7 68 -23 7.8 -5.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 10 6.1 -7.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.7 57 -12 6.0 -7.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.7 60 -15 5.5 -7.7
BUYZ Franklin Disruptive Commerce ETF 0.7 50 -5 2.9 -10.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.7 39 6 -1.2 -14.4
PBD Invesco Global Clean Energy ETF 0.7 75 -30 -1.8 -15.0
GLIF AGFiQ Global Infrastructure ETF 0.7 45 0 5.3 -7.9
FBCG Fidelity Blue Chip Growth ETF 0.7 59 -14 3.1 -10.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.6 45 0 7.7 -5.5
EQOP Natixis U.S. Equity Opportunities ETF 0.6 85 -40 6.4 -6.8
MVPS Amplify Thematic All-Stars ETF 0.6 49 -4 2.3 -11.0
FPXI First Trust International Equity Opportunities ETF 0.6 70 -25 0.8 -12.4
CRAK VanEck Oil Refiners ETF 0.6 59 -14 10.5 -2.8
GENY Principal Millennials Index ETF 0.6 45 0 5.3 -7.9
QAT iShares MSCI Qatar Capped ETF 0.6 59 -14 6.4 -6.8
IPKW Invesco International BuyBack Achievers ETF 0.5 55 -10 10.1 -3.2
BFIT Global X Health & Wellness ETF 0.5 50 -5 5.8 -7.4
IBUY Amplify Online Retail ETF 0.5 65 -20 -4.9 -18.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 47 -2 4.9 -8.4
JRNY ALPS Global Travel Beneficiaries ETF 0.5 65 -20 0.9 -12.3
JETS US Global Jets ETF 0.5 60 -15 -4.6 -17.8
CVAR Cultivar ETF 0.5 87 -42 8.3 -4.9
MCH Matthews China Active ETF 0.5 79 -34 7.8 -5.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 6 6.7 -6.5
BYTE Roundhill IO Digital Infrastructure ETF 0.5 76 -31 4.8 -8.5
IPOS Renaissance International IPO ETF 0.5 80 -35 -7.8 -21.0
CLOU Global X Cloud Computing ETF 0.5 68 -23 2.4 -10.9
KTEC KraneShares Hang Seng TECH Index ETF 0.5 68 -23 -1.3 -14.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.5 59 -14 1.3 -11.9
FYLD Cambria Foreign Shareholder Yield ETF 0.5 59 -14 12.3 -0.9
IDV iShares International Select Dividend ETF 0.5 49 -4 14.5 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.5 29 16 9.5 -3.7
ERSX ERShares NextGen Entrepreneurs ETF 0.4 75 -30 6.9 -6.4
CLNR IQ Cleaner Transport ETF 0.4 45 0 7.6 -5.7
ICLN iShares Global Clean Energy ETF 0.4 40 5 2.8 -10.4
QYLD Global X NASDAQ 100 Covered Call ETF 0.4 60 -15 5.9 -7.4
NUSI Nationwide Risk-Managed Income ETF 0.4 68 -23 5.9 -7.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 0.4 60 -15 5.9 -7.3
SMIN iShares MSCI India Small Cap ETF 0.4 74 -29 2.3 -10.9
QRMI Global X NASDAQ 100 Risk Managed Income ETF 0.4 60 -15 6.0 -7.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.4 63 -18 4.2 -9.0
JOYY Infusive Compounding Global Equities ETF 0.4 51 -6 0.0 -13.2
QQQM Invesco NASDAQ 100 ETF 0.4 15 30 6.7 -6.5
QQQ Invesco QQQ Trust 0.4 20 25 6.3 -6.9
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -25 7.8 -5.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -2 6.1 -7.1
QTR Global X NASDAQ 100 Tail Risk ETF 0.4 60 -15 6.0 -7.2
QCLR Global X NASDAQ 100 Collar 95-110 ETF 0.4 60 -15 6.0 -7.3
CHIC Global X MSCI China Communication Services ETF 0.4 65 -20 -2.2 -15.4
RTH VanEck Retail ETF 0.4 35 10 6.1 -7.1
IVSG Invesco Select Growth ETF 0.4 48 -3 4.3 -8.9
ARKF ARK Fintech Innovation ETF 0.4 75 -30 -1.6 -14.8
CTRU ARK Transparency ETF 0.4 55 -10 0.0 -13.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.4 21 24 4.7 -8.5
BKIS BNY Mellon Sustainable International Equity ETF 0.4 70 -25 5.9 -7.3
BECO BlackRock Future Climate and Sustainable Economy ETF 0.4 70 -25 5.2 -8.1
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 -4 4.6 -8.6
IQM Franklin Intelligent Machines ETF 0.4 50 -5 3.9 -9.3
SOLR SmartETFs Sustainable Energy II Fund 0.4 79 -34 3.7 -9.5
RXI iShares Global Consumer Discretionary ETF 0.4 40 5 6.3 -6.9
ESPO VanEck Video Gaming & eSports ETF 0.4 55 -10 8.5 -4.7
KWT iShares MSCI Kuwait ETF 0.4 74 -29 4.5 -8.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -41 1.0 -12.2
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 57 -12 10.8 -2.4
SIL Global X Silver Miners ETF 0.3 65 -20 2.1 -11.1
MOTG VanEck Morningstar Global Wide Moat ETF 0.3 52 -7 6.9 -6.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -23 5.0 -8.2
GREK Global X FTSE Greece 20 ETF 0.3 56 -11 -9.1 -22.3
SNSR Global X Internet of Things Thematic ETF 0.3 68 -23 4.7 -8.5
ROBO Robo Global Robotics & Automation Index ETF 0.3 95 -50 3.4 -9.8
KOCG FIS Knights of Columbus Global Belief ETF 0.3 75 -30 8.0 -5.3
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 0.3 58 -13 4.3 -8.9
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 78 -33 9.7 -3.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 56 -11 3.6 -9.7
MXI iShares Global Materials ETF 0.3 40 5 7.4 -5.8
CHII Global X MSCI China Industrials ETF 0.3 66 -21 13.4 +0.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.3 40 5 8.7 -4.5
AVDV Avantis International Small Cap Value ETF 0.3 36 9 8.2 -5.0
DIM WisdomTree International MidCap Dividend Fund 0.3 58 -13 8.4 -4.8
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 0.3 60 -15 7.3 -6.0
DMAT Global X Disruptive Materials ETF 0.3 59 -14 6.5 -6.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.3 85 -40 5.1 -8.1
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 25 6.8 -6.4
CHIM Global X MSCI China Materials ETF 0.2 66 -21 11.4 -1.8
GMET VanEck Green Metals ETF 0.2 59 -14 9.0 -4.2
EQUL IQ Engender Equality ETF 0.2 45 0 7.5 -5.7
SHE SPDR SSGA Gender Diversity Index ETF 0.2 20 25 6.6 -6.6
LGLV SPDR Russell 1000 Low Volatility ETF 0.2 12 33 5.8 -7.5
ROCI ROC ETF 0.2 49 -4 5.3 -7.9
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.2 18 27 5.0 -8.2
TMFG Motley Fool Global Opportunities ETF 0.2 85 -40 4.6 -8.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 25 5.6 -7.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.2 15 30 4.5 -8.8
BJK VanEck Gaming ETF 0.2 62 -17 1.8 -11.5
VPN Global X Data Center REITs & Digital Infrastructure ETF 0.2 50 -5 6.4 -6.8
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -13 4.6 -8.6
DRW WisdomTree Global ex-US Real Estate Fund 0.2 58 -13 3.6 -9.6
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 0 -4.7 -17.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 0.2 50 -5 17.7 +4.5
HERO Global X Video Games & Esports ETF 0.2 50 -5 9.2 -4.0
GAMR ETFMG Video Game Tech ETF 0.2 75 -30 8.6 -4.6
KOMP SPDR Kensho New Economies Composite ETF 0.2 20 25 0.8 -12.4
EMIF iShares Emerging Markets Infrastructure ETF 0.2 60 -15 5.9 -7.3
DTH WisdomTree International High Dividend Fund 0.2 58 -13 9.5 -3.7
FPAG FPA Global Equity ETF 0.2 49 -4 7.0 -6.2
MOO VanEck Agribusiness ETF 0.2 52 -7 6.9 -6.3
IDHQ Invesco S&P International Developed Quality ETF 0.2 29 16 7.3 -5.9
AVIV Avantis International Large Cap Value ETF 0.1 25 20 10.5 -2.7
EDUT Global X Education ETF 0.1 50 -5 1.2 -12.0
JIDA JPMorgan ActiveBuilders International Equity ETF 0.1 25 20 7.8 -5.4
SHPP Pacer Industrials and Logistics ETF 0.1 60 -15 10.1 -3.1
GII SPDR S&P Global Infrastructure ETF 0.1 40 5 4.1 -9.1
IGF iShares Global Infrastructure ETF 0.1 40 5 4.1 -9.1
SDGA Impact Shares Sustainable Development Goals Global ETF 0.1 75 -30 7.2 -6.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 5 8.5 -4.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 39 6 5.8 -7.5
DWM WisdomTree International Equity Fund 0.1 48 -3 8.2 -5.0
FMET Fidelity Metaverse ETF 0.1 39 6 6.5 -6.7
APXH Apex Healthcare ETF 0.1 90 -45 8.9 -4.3
VDNI V-Shares US Leadership Diversity ETF 0.1 29 16 6.8 -6.4
ESG FlexShares STOXX US ESG Impact Index Fund 0.1 32 13 6.3 -6.9
IQSU IQ Candriam ESG US Equity ETF 0.1 9 36 6.1 -7.1
AVDE Avantis International Equity ETF 0.1 23 22 8.2 -5.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 6 7.9 -5.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 34 5.9 -7.3
HAIL SPDR S&P Kensho Smart Mobility ETF 0.1 45 0 -1.7 -14.9
IPO Renaissance IPO ETF 0.1 60 -15 -28.1 -41.3
DTOX Amplify Cleaner Living ETF 0.1 59 -14 0.0 -13.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 38 6.3 -6.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 35 6.8 -6.5
GBGR Global Beta Momentum-Growth ETF 0.1 29 16 0.0 -13.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 33 6.9 -6.3
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -65 6.8 -6.4
KXI iShares Global Consumer Staples ETF 0.1 40 5 5.3 -7.9
INQQ India Internet & Ecommerce ETF 0.1 86 -41 0.6 -12.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 34 6.3 -6.9
GWX SPDR S&P International Small Cap ETF 0.0 40 5 5.3 -7.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 6 7.7 -5.5
VGK Vanguard FTSE Europe ETF 0.0 8 37 7.0 -6.2
IPAC iShares Core MSCI Pacific ETF 0.0 9 36 6.7 -6.5
WUGI Esoterica NextG Economy ETF 0.0 75 -30 3.1 -10.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 25 7.1 -6.1
EMFQ Amplify Emerging Markets FinTech ETF 0.0 69 -24 6.3 -6.9
SPEU SPDR Portfolio Europe ETF 0.0 9 36 6.8 -6.4
WKLY SoFi Weekly Dividend ETF 0.0 49 -4 8.3 -4.9
INTF iShares Edge MSCI Multifactor Intl ETF 0.0 15 30 8.3 -4.9
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 36 7.2 -6.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.0 42 3 6.7 -6.5
FLEH Franklin FTSE Europe Hedged ETF 0.0 9 36 7.6 -5.6
FLEE Franklin FTSE Europe ETF 0.0 9 36 7.3 -5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 6 4.9 -8.3
TINT ProShares Smart Materials ETF 0.0 58 -13 6.8 -6.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 6 7.4 -5.9
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 41 6.9 -6.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 38 6.9 -6.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 36 6.4 -6.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 -5 8.4 -4.8

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity Emerging Markets Multifactor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 13.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.39
 
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.