Fidelity International Multifactor ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.7x Div.
yield		 3.4%


  • 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 International Factor Index.

FUND BASICS
Category International Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Feb 26, 2019
Assets (mns) $65
Currency USD
Expense ratio 18 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 224
Wgt avg mkt cap (mns) $58,658
Large cap (>$10bn) 66.5%
Mid cap ($2-10bn) 33.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 2.4 %
NOVARTIS AG 1.4 %
PSP SWISS PROPERTY AG-REG 1.4 %
ASTRAZENECA PLC 1.4 %
SNAM RETE GAS 1.3 %
ROCHE HOLDING LTD 1.3 %
TOKYO GAS CO LTD 1.3 %
RED ELECTRICA CORP. SA 1.3 %
ASML HOLDING NV 1.2 %
ENDESA SA 1.2 %
Total 14.3 %

TOP COUNTRY EXPOSURE
JAPAN 22.8 %
BRITAIN 13.8 %
CANADA 9.2 %
SWITZERLAND 8.2 %
FRANCE 8.2 %
AUSTRALIA 4.8 %
GERMANY 4.8 %
DENMARK 4.1 %
NETHERLANDS 3.6 %
ITALY 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.1% 11.3% -- -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.77 78%
MSCI EAFE 0.88 95%
MSCI Emg. Mkts. 0.67 59%

Technical Indicators
Recent close $26.73
30d moving avg. $25.51
Annualized volatility 15.5%
Short interest (ETF) 0.8%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 23
Turnover 1.0%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $12,513

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 459 potential alternatives to the Fidelity International Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDEV Expense: 18 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDEV
Ticker Fund
Name		 Overlap1
vs FDEV
(%)		 Expense
ratio
(bp)		 Savings
vs FDEV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FDEV
(%)
GSIE Goldman Sachs ActiveBeta International Equity ETF 34.8 25 -7 7.4 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 33.1 29 -11 8.8 +1.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 32.5 30 -12 6.8 -0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 32.0 25 -7 7.4 -0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 30.8 32 -14 6.7 -0.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 30.2 22 -4 6.2 -1.3
IQLT iShares MSCI Intl Quality Factor ETF 29.5 30 -12 5.7 -1.8
DWMF WisdomTree International Multifactor Fund 29.3 38 -20 7.3 -0.2
EFA iShares MSCI EAFE ETF 28.5 35 -17 6.4 -1.1
QINT American Century Quality Diversified International ETF 28.3 39 -21 7.4 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.2 36 -18 6.4 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 28.2 20 -2 6.7 -0.9
DOL WisdomTree International LargeCap Dividend Fund 28.0 48 -30 7.7 +0.2
BKIE BNY Mellon International Equity ETF 27.7 4 14 6.9 -0.7
FIVA Fidelity International Value Factor ETF 27.7 18 0 9.3 +1.8
INTF iShares International Equity Factor ETF 27.6 15 3 7.8 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 27.5 46 -28 6.3 -1.2
FLEE Franklin FTSE Europe ETF 27.5 9 9 6.8 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 27.2 9 9 6.7 -0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 26.7 20 -2 6.8 -0.7
JHMD John Hancock Multifactor Developed International ETF 26.7 39 -21 7.4 -0.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 26.7 51 -33 6.8 -0.7
IEV iShares Europe ETF 26.6 67 -49 6.1 -1.4
CIL VictoryShares International Volatility Wtd ETF 26.6 45 -27 6.9 -0.7
DIVI Franklin International Core Dividend Tilt Index ETF 26.5 9 9 8.0 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.5 20 -2 6.3 -1.3
DWM WisdomTree International Equity Fund 26.4 48 -30 7.8 +0.3
IEUR iShares Core MSCI Europe ETF 26.2 11 7 -1.3 -8.8
ESGD iShares ESG Aware MSCI EAFE ETF 26.1 20 -2 6.3 -1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.1 40 -22 7.8 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 26.0 39 -21 7.6 +0.1
SPEU SPDR Portfolio Europe ETF 25.8 7 11 6.6 -1.0
IEFA iShares Core MSCI EAFE ETF 25.6 7 11 2.7 -4.8
SCHF Schwab International Equity ETF 25.5 6 12 7.0 -0.5
VGK Vanguard FTSE Europe ETF 25.4 11 7 6.8 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 25.3 4 14 6.7 -0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 25.0 83 -65 9.0 +1.5
IQIN IQ 500 International ETF 24.3 25 -7 8.8 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 24.2 3 15 6.9 -0.6
IQSI IQ Candriam International Equity ETF 24.2 15 3 6.4 -1.1
VEA Vanguard FTSE Developed Markets ETF 23.9 5 13 7.0 -0.5
IMTM iShares MSCI Intl Momentum Factor ETF 23.7 30 -12 6.8 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 23.6 58 -40 6.0 -1.6
JPIN J.P. Morgan Diversified Return International Equity ETF 23.4 37 -19 8.7 +1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 23.2 24 -6 8.6 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 22.6 83 -65 8.7 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 22.5 24 -6 6.7 -0.8
IQDF FlexShares International Quality Dividend Index Fund 22.5 47 -29 10.7 +3.2
IDLV Invesco S&P International Developed Low Volatility ETF 22.4 25 -7 5.8 -1.7
IQDE FlexShares International Quality Dividend Defensive Index ET 22.3 47 -29 10.7 +3.1
IVLU iShares MSCI Intl Value Factor ETF 22.1 30 -12 10.6 +3.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.0 80 -62 5.4 -2.2
CWI SPDR MSCI ACWI ex-US ETF 21.9 30 -12 6.8 -0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 21.8 20 -2 6.9 -0.6
DFAI Dimensional International Core Equity Market ETF 21.6 18 0 6.9 -0.6
EFG iShares MSCI EAFE Growth ETF 21.6 36 -18 4.1 -3.4
TPIF Timothy Plan International ETF 21.5 62 -44 6.7 -0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 21.4 35 -17 6.4 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 21.2 34 -16 6.7 -0.8
EFV iShares MSCI EAFE Value ETF 21.2 34 -16 9.1 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.1 45 -27 8.5 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 21.0 41 -23 6.7 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 20.9 25 -7 9.1 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.8 14 4 6.2 -1.4
VYMI Vanguard International High Dividend Yield ETF 20.6 22 -4 9.7 +2.2
DMXF iShares ESG Advanced MSCI EAFE ETF 20.4 12 6 5.4 -2.1
RODE Hartford Multifactor Diversified International ETF 20.4 29 -11 11.5 +4.0
DIHP Dimensional International High Profitability ETF 20.2 29 -11 6.9 -0.6
ISZE iShares MSCI Intl Size Factor ETF 20.2 30 -12 6.6 -0.9
IDHQ Invesco S&P International Developed High Quality ETF 20.0 29 -11 5.8 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 19.7 8 10 7.2 -0.3
IDMO Invesco S&P International Developed Momentum ETF 19.4 25 -7 7.0 -0.6
DFSI Dimensional International Sustainability Core 1 ETF 19.2 24 -6 6.2 -1.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 19.1 48 -30 5.7 -1.8
TTAI FCF International Quality ETF 19.0 59 -41 7.4 -0.1
IXUS iShares Core MSCI Total International Stock ETF 18.9 7 11 6.9 -0.6
VXUS Vanguard Total International Stock ETF 18.4 7 11 7.1 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.1 39 -21 7.3 -0.2
UMMA Wahed Dow Jones Islamic World ETF 18.1 65 -47 4.3 -3.2
VSGX Vanguard ESG International Stock ETF 18.0 12 6 6.8 -0.7
IGRO iShares International Dividend Growth ETF 18.0 15 3 7.1 -0.5
UIVM VictoryShares International Value Momentum ETF 17.7 35 -17 10.7 +3.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 17.4 58 -40 5.6 -2.0
IQDG WisdomTree International Quality Dividend Growth Fund 17.3 42 -24 5.8 -1.7
NUDM Nuveen ESG International Developed Markets Equity ETF 17.2 31 -13 6.4 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 16.6 9 9 9.8 +2.2
AVDE Avantis International Equity ETF 16.3 23 -5 7.9 +0.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 16.0 80 -62 5.6 -1.9
VIGI Vanguard International Dividend Appreciation ETF 15.7 15 3 5.6 -2.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 15.6 20 -2 10.7 +3.2
AVIV Avantis International Large Cap Value ETF 15.6 25 -7 8.9 +1.4
JHID John Hancock International High Dividend ETF 15.5 46 -28 11.5 +3.9
DFIC Dimensional International Core Equity 2 ETF 15.3 23 -5 7.4 -0.1
DWX SPDR S&P International Dividend ETF 14.7 45 -27 7.1 -0.4
VWID Virtus WMC International Dividend ETF 14.6 49 -31 9.4 +1.9
DFIV Dimensional International Value ETF 14.6 27 -9 9.8 +2.3
SCHY Schwab International Dividend Equity ETF 14.6 14 4 9.3 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 14.5 47 -29 10.3 +2.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 14.3 25 -7 7.7 +0.2
FLEU Franklin FTSE Eurozone ETF 14.2 9 9 6.7 -0.8
EZU iShares MSCI Eurozone ETF 14.1 52 -34 6.2 -1.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.1 45 -27 6.2 -1.3
WWJD Inspire International ETF 13.7 80 -62 7.1 -0.4
JPXN iShares JPX-Nikkei 400 ETF 13.6 48 -30 7.5 -0.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.5 50 -32 5.1 -2.4
DIM WisdomTree International MidCap Dividend Fund 13.5 58 -40 7.7 +0.2
DTH WisdomTree International High Dividend Fund 13.1 58 -40 10.1 +2.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.1 42 -24 6.8 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 13.0 30 -12 6.1 -1.5
FICS First Trust International Developed Capital Strength ETF 12.7 70 -52 6.1 -1.4
BBJP JPMorgan BetaBuilders Japan ETF 12.5 19 -1 7.1 -0.4
EWJ iShares MSCI Japan ETF 12.5 50 -32 6.7 -0.8
IPAC iShares Core MSCI Pacific ETF 12.4 9 9 6.7 -0.9
CID VictoryShares International High Div Volatility Wtd ETF 12.3 45 -27 9.5 +1.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.2 47 -29 6.6 -0.9
AIVI WisdomTree International AI Enhanced Value Fund 12.1 58 -40 8.0 +0.5
FLJP Franklin FTSE Japan ETF 12.1 9 9 7.1 -0.4
ESGN Columbia International ESG Equity Income ETF 12.1 45 -27 9.0 +1.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 12.0 25 -7 6.1 -1.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 11.9 80 -62 10.8 +3.2
FLJH Franklin FTSE Japan Hedged ETF 11.9 9 9 6.9 -0.6
FIDI Fidelity International High Dividend ETF 11.8 18 0 10.1 +2.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 11.5 39 -21 12.7 +5.1
DSTX Distillate International Fundamental Stability & Value ETF 11.4 55 -37 8.0 +0.5
RAYD Rayliant Quantitative Developed Market Equity ETF 11.1 80 -62 4.5 -3.0
JIG JPMorgan International Growth ETF 11.1 55 -37 4.3 -3.2
VPL Vanguard FTSE Pacific ETF 10.9 8 10 7.0 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.7 30 -12 7.8 +0.3
VIDI Vident International Equity Strategy ETF 10.5 61 -43 11.9 +4.4
HEDJ WisdomTree Europe Hedged Equity Fund 10.5 58 -40 8.4 +0.9
FLGB Franklin FTSE United Kingdom ETF 10.3 9 9 8.3 +0.8
LVHI Franklin International Low Volatility High Dividend Index ET 10.0 40 -22 10.2 +2.7
FEZ SPDR EURO STOXX 50 ETF 10.0 29 -11 6.2 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 9.9 55 -37 5.0 -2.6
FEP First Trust Europe AlphaDEX Fund 9.8 80 -62 8.6 +1.1
WRND IQ Global Equity R&D Leaders ETF 9.7 18 0 7.2 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 9.5 42 -24 5.1 -2.4
EXI iShares Global Industrials ETF 9.5 42 -24 4.7 -2.9
FID First Trust S&P International Dividend Aristocrats ETF 9.4 60 -42 9.8 +2.3
URTH iShares MSCI World ETF 9.2 24 -6 5.4 -2.1
OSEA Harbor International Compounders ETF 9.2 55 -37 3.7 -3.8
EWU iShares MSCI United Kingdom ETF 9.1 50 -32 7.8 +0.3
FJP First Trust Japan AlphaDEX Fund 8.9 80 -62 10.1 +2.6
GLOF iShares Global Equity Factor ETF 8.9 20 -2 7.1 -0.5
EWJV iShares MSCI Japan Value ETF 8.7 15 3 9.0 +1.5
WDIV SPDR S&P Global Dividend ETF 8.7 40 -22 10.2 +2.7
IXJ iShares Global Healthcare ETF 8.6 42 -24 6.1 -1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 8.5 9 9 5.5 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 8.5 9 9 5.7 -1.8
TOK iShares MSCI Kokusai ETF 8.4 26 -8 5.3 -2.2
BKCI BNY Mellon Concentrated International ETF 8.4 80 -62 5.2 -2.3
BLES Inspire Global Hope ETF 8.4 61 -43 6.3 -1.2
DGT SPDR Global Dow ETF 8.4 50 -32 6.7 -0.9
ACWI iShares MSCI ACWI ETF 8.3 32 -14 5.5 -2.1
CGGO Capital Group Global Growth Equity ETF 8.2 47 -29 4.3 -3.2
WLDR Affinity World Leaders Equity ETF 8.2 67 -49 8.5 +1.0
CGXU Capital Group International Focus Equity ETF 8.1 54 -36 4.1 -3.4
IOO iShares Global 100 ETF 8.0 41 -23 4.8 -2.7
GDVD R3 Global Dividend Growth ETF 7.9 88 -70 5.8 -1.7
DXJ WisdomTree Japan Hedged Equity Fund 7.9 48 -30 7.7 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 7.9 50 -32 11.6 +4.1
HART IQ Healthy Hearts ETF 7.8 45 -27 5.3 -2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.8 65 -47 12.8 +5.3
FEUZ First Trust Eurozone AlphaDEX ETF 7.8 80 -62 8.3 +0.8
KXI iShares Global Consumer Staples ETF 7.6 41 -23 5.6 -1.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.5 56 -38 13.9 +6.4
MOTG VanEck Morningstar Global Wide Moat ETF 7.4 52 -34 5.8 -1.8
FKU First Trust United Kingdom AlphaDEX Fund 7.4 80 -62 7.5 -0.0
VT Vanguard Total World Stock ETF 7.3 7 11 5.8 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 7.3 20 -2 5.6 -1.9
IDV iShares International Select Dividend ETF 7.3 51 -33 12.3 +4.8
IMFL Invesco International Developed Dynamic Multifactor ETF 7.1 34 -16 10.6 +3.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 7.1 12 6 5.1 -2.5
EWQ iShares MSCI France ETF 7.0 53 -35 5.4 -2.1
KOCG FIS Knights of Columbus Global Belief ETF 6.9 75 -57 5.3 -2.2
EWC iShares MSCI Canada ETF 6.8 50 -32 6.9 -0.7
DIVS SmartETFs Dividend Builder ETF 6.7 65 -47 4.7 -2.9
ACWV iShares MSCI Global Min Vol Factor ETF 6.7 20 -2 6.7 -0.8
DEW WisdomTree Global High Dividend Fund 6.6 58 -40 9.1 +1.6
FSZ First Trust Switzerland AlphaDEX Fund 6.4 80 -62 4.1 -3.4
SDG iShares MSCI Global Sustainable Development Goals ETF 6.3 49 -31 5.8 -1.7
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 -41 12.0 +4.4
BBCA JPMorgan BetaBuilders Canada ETF 6.2 19 -1 7.0 -0.5
IXG iShares Global Financials ETF 5.9 42 -24 6.8 -0.7
FLSW Franklin FTSE Switzerland ETF 5.8 9 9 5.1 -2.5
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.8 68 -50 8.8 +1.3
EPP iShares MSCI Pacific ex-Japan ETF 5.8 47 -29 5.4 -2.2
IMOM Alpha Architect International Quantitative Momentum ETF 5.7 49 -31 7.3 -0.2
MOTI VanEck Morningstar International Moat ETF 5.7 58 -40 6.9 -0.6
EWL iShares MSCI Switzerland ETF 5.6 50 -32 4.1 -3.4
GCOW Pacer Global Cash Cows Dividend ETF 5.5 60 -42 13.6 +6.1
SAGP Strategas Global Policy Opportunities ETF 5.4 65 -47 4.5 -3.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 5.4 19 -1 5.8 -1.7
NTZG Nuveen Global Net Zero Transition ETF 5.4 56 -38 4.9 -2.6
IVAL Alpha Architect International Quantitative Value ETF 5.3 49 -31 5.8 -1.7
KLDW Knowledge Leaders Developed World ETF 5.3 75 -57 4.9 -2.6
FLCA Franklin FTSE Canada ETF 5.3 9 9 7.2 -0.3
RXI iShares Global Consumer Discretionary ETF 5.2 41 -23 5.5 -2.0
EUFN iShares MSCI Europe Financials ETF 5.2 51 -33 8.1 +0.6
SXUS Janus Henderson International Sustainable Equity ETF 4.9 60 -42 4.6 -2.9
EWG iShares MSCI Germany ETF 4.8 50 -32 6.5 -1.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.8 45 -27 6.4 -1.1
IPKW Invesco International BuyBack Achievers ETF 4.8 55 -37 9.1 +1.6
FLGR Franklin FTSE Germany ETF 4.8 9 9 7.1 -0.5
EFAS Global X MSCI SuperDividend EAFE ETF 4.7 57 -39 9.7 +2.2
FNDC Schwab Fundamental International Small Co. Index ETF 4.7 39 -21 6.9 -0.6
JSTC Adasina Social Justice All Cap Global ETF 4.7 89 -71 4.8 -2.8
TOLL Tema Monopolies and Oligopolies ETF 4.4 75 -57 2.6 -4.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 4.4 10 8 8.2 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.4 65 -47 8.4 +0.8
WPS iShares International Developed Property ETF 4.3 48 -30 7.2 -0.3
EWA iShares MSCI Australia ETF 4.3 50 -32 5.3 -2.2
FLAU Franklin FTSE Australia ETF 4.3 9 9 5.8 -1.7
AGQI First Trust Active Global Quality Income ETF 4.3 85 -67 5.8 -1.7
FDD First Trust Stoxx European Select Dividend Index Fund 4.2 58 -40 12.9 +5.4
IXP iShares Global Comm Services ETF 4.2 42 -24 5.3 -2.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.1 70 -52 4.6 -3.0
EDEN iShares MSCI Denmark ETF 4.1 53 -35 6.2 -1.4
XT iShares Exponential Technologies ETF 4.1 46 -28 3.9 -3.7
RWX SPDR Dow Jones International Real Estate ETF 4.0 59 -41 7.2 -0.3
DAX Global X DAX Germany ETF 4.0 21 -3 6.9 -0.6
IFGL iShares International Developed Real Estate ETF 4.0 48 -30 7.0 -0.5
GDOC Goldman Sachs Future Health Care Equity ETF 3.8 75 -57 3.2 -4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.8 47 -29 5.9 -1.6
IEUS iShares MSCI Europe Small-Cap ETF 3.6 42 -24 0.0 -7.5
EWN iShares MSCI Netherlands ETF 3.6 50 -32 4.7 -2.8
AGNG Global X Aging Population ETF 3.6 50 -32 4.1 -3.4
GVAL Cambria Global Value ETF 3.5 68 -50 12.3 +4.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.5 12 6 8.7 +1.2
GINN Goldman Sachs Innovate Equity ETF 3.5 52 -34 2.7 -4.8
DFIS Dimensional International Small Cap ETF 3.4 39 -21 6.7 -0.8
SCZ iShares MSCI EAFE Small-Cap ETF 3.4 40 -22 0.0 -7.5
ISCF iShares International SmallCap Equity Factor ETF 3.1 23 -5 8.8 +1.3
FGM First Trust Germany AlphaDEX Fund 3.1 80 -62 9.2 +1.7
NXTG First Trust Indxx NextG ETF 3.1 70 -52 6.0 -1.5
EWI iShares MSCI Italy ETF 3.0 50 -32 8.2 +0.7
EWD iShares MSCI Sweden ETF 3.0 54 -36 6.0 -1.5
DVYA iShares Asia/Pacific Dividend ETF 2.9 49 -31 9.1 +1.6
EWP iShares MSCI Spain ETF 2.9 50 -32 8.5 +1.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.8 47 -29 -5.2 -12.7
SCHC Schwab International Small-Cap Equity ETF 2.8 11 7 6.4 -1.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.8 46 -28 5.6 -2.0
CANC Tema Oncology ETF 2.8 75 -57 -4.4 -11.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.7 7 11 6.5 -1.0
GLIF AGF Global Infrastructure ETF 2.7 45 -27 5.5 -2.0
ISHP First Trust Nasdaq Retail ETF 2.7 60 -42 3.2 -4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.6 49 -31 6.7 -0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.6 80 -62 10.0 +2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.6 46 -28 8.8 +1.3
SCJ iShares MSCI Japan Small-Cap ETF 2.5 50 -32 6.4 -1.1
QTUM Defiance Quantum ETF 2.5 40 -22 3.9 -3.6
IXN iShares Global Tech ETF 2.5 41 -23 4.3 -3.2
EWUS iShares MSCI United Kingdom Small Cap ETF 2.4 59 -41 6.2 -1.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.3 78 -60 8.8 +1.3
CGUS Capital Group Core Equity ETF 2.3 33 -15 4.7 -2.8
KNCT Invesco Next Gen Connectivity ETF 2.3 40 -22 5.9 -1.6
LOUP Innovator Deepwater Frontier Tech ETF 2.3 70 -52 2.3 -5.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.2 75 -57 7.8 +0.3
FAN First Trust Global Wind Energy ETF 2.2 60 -42 5.5 -2.0
JXI iShares Global Utilities ETF 2.2 43 -25 6.7 -0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.2 58 -40 9.1 +1.6
GNR SPDR S&P Global Natural Resources ETF 2.1 40 -22 9.2 +1.7
FDNI First Trust Dow Jones International Internet ETF 2.1 65 -47 2.8 -4.7
BMED Future Health ETF 2.1 85 -67 0.2 -7.3
EIS iShares MSCI Israel ETF 2.0 58 -40 9.5 +2.0
SANE Subversive Mental Health ETF 2.0 75 -57 0.0 -7.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.0 58 -40 4.6 -3.0
FDVV Fidelity High Dividend ETF 2.0 15 3 8.9 +1.4
LUX Tema Luxury ETF 2.0 75 -57 3.3 -4.2
CGGR Capital Group Growth ETF 2.0 39 -21 3.5 -4.1
CLNR IQ Cleaner Transport ETF 2.0 45 -27 8.3 +0.7
AVDV Avantis International Small Cap Value ETF 2.0 36 -18 8.0 +0.4
GQRE FlexShares Global Quality Real Estate Index Fund 1.9 45 -27 6.9 -0.6
MXI iShares Global Materials ETF 1.9 41 -23 6.6 -0.9
ICLN iShares Global Clean Energy ETF 1.8 41 -23 4.3 -3.2
AIQ Global X Artificial Intelligence & Technology ETF 1.8 68 -50 4.2 -3.4
EWS iShares MSCI Singapore ETF 1.7 50 -32 4.0 -3.5
FDRR Fidelity Dividend ETF for Rising Rates 1.7 15 3 7.9 +0.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.7 45 -27 6.2 -1.3
EWH iShares MSCI Hong Kong ETF 1.7 50 -32 7.0 -0.6
ERET iShares Environmentally Aware Real Estate ETF 1.7 30 -12 7.3 -0.2
DISV Dimensional International Small Cap Value ETF 1.7 42 -24 9.2 +1.7
FLHK Franklin FTSE Hong Kong ETF 1.7 9 9 7.4 -0.1
TEMP JPMorgan Climate Change Solutions ETF 1.6 49 -31 4.7 -2.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.5 85 -67 4.9 -2.7
BCDF Horizon Kinetics Blockchain Development ETF 1.5 85 -67 -0.7 -8.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.5 60 -42 3.0 -4.5
ANEW ProShares MSCI Transformational Changes ETF 1.5 45 -27 3.3 -4.2
JRNY ALPS Global Travel Beneficiaries ETF 1.5 65 -47 0.0 -7.5
RWO SPDR Dow Jones Global Real Estate ETF 1.5 50 -32 6.9 -0.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.5 49 -31 6.2 -1.3
ISRA VanEck Israel ETF 1.4 59 -41 8.9 +1.4
ASEA Global X FTSE Southeast Asia ETF 1.4 65 -47 6.5 -1.0
SHPP Pacer Industrials and Logistics ETF 1.4 60 -42 8.9 +1.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.4 68 -50 1.1 -6.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.4 45 -27 4.9 -2.6
KROP Global X AgTech & Food Innovation ETF 1.4 50 -32 4.7 -2.9
TOKE Cambria Cannabis ETF 1.4 42 -24 -6.2 -13.7
BNE Blue Horizon BNE ETF 1.4 87 -69 5.0 -2.5
FILL iShares MSCI Global Energy Producers ETF 1.3 39 -21 9.0 +1.5
CGV Conductor Global Equity Value ETF 1.3 130 -112 11.3 +3.8
FPXI First Trust International Equity Opportunities ETF 1.2 70 -52 3.6 -3.9
FMET Fidelity Metaverse ETF 1.2 39 -21 4.4 -3.2
IWFH iShares Virtual Work and Life Multisector ETF 1.2 47 -29 -3.5 -11.0
LUXX Roundhill S&P Global Luxury ETF 1.2 45 -27 2.7 -4.8
INNO Harbor Disruptive Innovation ETF 1.2 75 -57 -3.5 -11.0
TINY ProShares Nanotechnology ETF 1.2 58 -40 1.9 -5.6
VERS ProShares Metaverse ETF 1.2 58 -40 -8.3 -15.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.2 75 -57 5.2 -2.3
NLR VanEck Uranium+Nuclear Energy ETF 1.2 61 -43 4.5 -3.0
DTEC ALPS Disruptive Technologies ETF 1.2 50 -32 3.3 -4.2
FINE Themes European Luxury ETF 1.2 35 -17 -2.2 -9.7
REET iShares Global REIT ETF 1.2 14 4 7.1 -0.4
IXC iShares Global Energy ETF 1.2 44 -26 8.2 +0.7
SYNB Putnam BioRevolution ETF 1.2 70 -52 2.9 -4.6
IQM Franklin Intelligent Machines ETF 1.2 50 -32 3.1 -4.5
OCEN IQ Clean Oceans ETF 1.2 45 -27 5.3 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -52 6.3 -1.2
WDNA WisdomTree BioRevolution Fund 1.2 45 -27 -4.5 -12.1
FPAG FPA Global Equity ETF 1.2 49 -31 5.7 -1.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.2 68 -50 5.3 -2.3
CARZ First Trust NASDAQ Global Auto Index Fund 1.1 70 -52 3.5 -4.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.1 19 -1 7.2 -0.4
RITA ETFB Green SRI REITs ETF 1.1 50 -32 6.0 -1.6
AVRE Avantis Real Estate ETF 1.1 17 1 6.6 -0.9
ION ProShares S&P Global Core Battery Metals ETF 1.1 58 -40 11.6 +4.1
SUPL ProShares Supply Chain Logistics ETF 1.0 58 -40 13.1 +5.6
SEA U.S. Global Sea to Sky Cargo ETF 1.0 60 -42 24.1 +16.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.0 60 -42 0.9 -6.6
OND ProShares On-Demand ETF 1.0 58 -40 -2.5 -10.0
ARVR First Trust Indxx Metaverse ETF 1.0 70 -52 2.5 -5.0
NERD Roundhill Video Games ETF 1.0 50 -32 8.0 +0.5
ESPO VanEck Video Gaming and eSports ETF 1.0 56 -38 4.5 -3.0
HERO Global X Video Games & Esports ETF 1.0 50 -32 5.1 -2.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.0 86 -68 1.9 -5.6
SOCL Global X Social Media ETF 1.0 65 -47 -5.8 -13.3
PTEC Global X PropTech ETF 1.0 50 -32 1.7 -5.9
FRNW Fidelity Clean Energy ETF 1.0 39 -21 3.7 -3.8
RNRG Global X Renewable Energy Producers ETF 1.0 66 -48 4.9 -2.6
ACES ALPS Clean Energy ETF 1.0 55 -37 -5.0 -12.5
WNDY Global X Wind Energy ETF 1.0 50 -32 5.2 -2.4
SMOG VanEck Low Carbon Energy ETF 1.0 61 -43 3.0 -4.5
MJ ETFMG Alternative Harvest ETFMG Alternative Harvest 1.0 75 -57 -35.0 -42.5
ERTH Invesco MSCI Sustainable Future ETF 1.0 62 -44 3.7 -3.9
GGME Invesco Next Gen Media and Gaming ETF 1.0 60 -42 4.1 -3.4
SHLD Global X Defense Tech ETF 1.0 50 -32 4.8 -2.7
BTEK Future Tech ETF 0.9 88 -70 2.1 -5.4
JRE Janus Henderson U.S. Real Estate ETF 0.9 65 -47 6.4 -1.1
IVRA Invesco Real Assets ESG ETF 0.9 59 -41 7.1 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 -21 11.0 +3.5
IQRA IQ CBRE Real Assets ETF 0.9 65 -47 5.9 -1.6
PRNT 3D Printing ETF 0.9 66 -48 -4.1 -11.6
ROBO ROBO Global Robotics & Automation Index ETF 0.9 95 -77 2.8 -4.7
BULD Pacer BlueStar Engineering the Future ETF 0.9 60 -42 1.2 -6.4
IBOT Vaneck Robotics ETF 0.9 47 -29 3.7 -3.8
PID Invesco International Dividend Achievers ETF 0.9 53 -35 6.7 -0.8
URA Global X Uranium ETF 0.9 69 -51 3.9 -3.7
PSP Invesco Global Listed Private Equity ETF 0.9 106 -88 9.1 +1.6
FIXT Procure Disaster Recovery Strategy ETF 0.9 75 -57 5.7 -1.9
NORW Global X MSCI Norway ETF 0.9 50 -32 7.5 -0.1
ENOR iShares MSCI Norway ETF 0.9 53 -35 7.6 +0.0
ROOF IQ CBRE NextGen Real Estate ETF 0.9 60 -42 7.9 +0.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 -50 3.4 -4.2
TINT ProShares Smart Materials ETF 0.9 58 -40 5.6 -1.9
DFGR Dimensional Global Real Estate ETF 0.9 22 -4 7.1 -0.5
CGDV Capital Group Dividend Value ETF 0.8 33 -15 5.8 -1.8
AADR AdvisorShares Dorsey Wright ADR ETF 0.8 110 -92 5.4 -2.2
VRAI Virtus Real Asset Income ETF 0.8 55 -37 8.6 +1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.8 86 -68 1.9 -5.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.7 75 -57 4.7 -2.8
HAP VanEck Natural Resources ETF 0.7 50 -32 9.5 +2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -61 10.3 +2.8
WOOD iShares Global Timber & Forestry ETF 0.7 42 -24 9.6 +2.1
EIRL iShares MSCI Ireland ETF 0.7 50 -32 5.8 -1.8
KOIN Capital Link Global Fintech Leaders ETF 0.7 75 -57 4.6 -2.9
CGW Invesco S&P Global Water Index ETF 0.7 57 -39 3.8 -3.8
PIO Invesco Global Water ETF 0.7 75 -57 4.9 -2.6
EBLU Ecofin Global Water ESG Fund 0.7 40 -22 3.9 -3.6
EFNL iShares MSCI Finland ETF 0.7 56 -38 8.0 +0.5
APIE ActivePassive International Equity ETF 0.7 45 -27 7.7 +0.2
CLOD Themes Cloud Computing ETF 0.6 35 -17 3.7 -3.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.6 47 -29 0.7 -6.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -77 11.4 +3.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 -47 1.6 -5.9
AIA iShares Asia 50 ETF 0.6 50 -32 6.9 -0.7
TMFG Motley Fool Global Opportunities ETF 0.6 85 -67 3.3 -4.3
ECLN First Trust EIP Carbon Impact ETF 0.6 96 -78 5.3 -2.2
IBUY Amplify Online Retail ETF 0.6 65 -47 1.8 -5.7
CIBR First Trust NASDAQ Cybersecurity ETF 0.6 60 -42 3.9 -3.6
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 -57 6.6 -0.9
CHAT Roundhill Generative AI & Technology ETF 0.6 75 -57 4.2 -3.3
MVPS Amplify Thematic All-Stars ETF 0.6 49 -31 1.7 -5.9
TRFK Pacer Data and Digital Revolution ETF 0.6 60 -42 4.0 -3.5
ARKX ARK Space Exploration & Innovation ETF 0.5 75 -57 1.7 -5.8
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.5 75 -57 4.9 -2.6
BJK VanEck Gaming ETF 0.5 65 -47 1.8 -5.7
BETZ Roundhill Sports Betting & iGaming ETF 0.5 75 -57 1.9 -5.7
DINT Davis Select International ETF 0.5 55 -37 4.7 -2.8
PEX ProShares Global Listed Private Equity ETF 0.5 81 -63 12.2 +4.7
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 -21 9.2 +1.7
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -67 -4.7 -12.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.5 68 -50 1.4 -6.1
BECO BlackRock Future Climate and Sustainable Economy ETF 0.4 70 -52 13.7 +6.2
CUT Invesco MSCI Global Timber ETF 0.4 61 -43 8.6 +1.0
NANR SPDR S&P North American Natural Resources ETF 0.4 35 -17 6.6 -0.9
COPX Global X Copper Miners ETF 0.4 65 -47 6.9 -0.6
EV Mast Global Battery Recycling & Production ETF 0.4 65 -47 12.8 +5.2
IGPT Invesco AI and Next Gen Software ETF 0.4 60 -42 3.8 -3.7
RVRB Reverb ETF 0.4 30 -12 5.0 -2.6
FDHT Fidelity Digital Health ETF 0.4 39 -21 -2.4 -10.0
RSHO Tema American Reshoring ETF 0.4 75 -57 3.6 -3.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -62 11.0 +3.5
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.4 39 -21 -1.3 -8.9
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -57 8.2 +0.7
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 -30 0.5 -7.1
IWTR iShares MSCI Water Management Multisector ETF 0.3 47 -29 4.8 -2.7
STCE Schwab Crypto Thematic ETF 0.3 30 -12 -8.0 -15.5
UFO Procure Space ETF 0.3 75 -57 -4.0 -11.5
PHO Invesco Water Resources ETF 0.3 60 -42 4.3 -3.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 -29 5.2 -2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 -32 10.5 +3.0
AHOY Newday Ocean Health ETF 0.3 75 -57 5.6 -1.9
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -41 2.9 -4.6
GBUY Goldman Sachs Future Consumer Equity ETF 0.3 75 -57 3.1 -4.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 -15 7.2 -0.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 -7 8.7 +1.1
BOAT SonicShares Global Shipping ETF 0.3 69 -51 29.1 +21.6
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -52 9.1 +1.6
ZIG Acquirers Fund 0.3 84 -66 14.1 +6.6
NDIV Amplify Natural Resources Dividend Income ETF 0.3 59 -41 9.7 +2.2
WCBR WisdomTree Cybersecurity Fund 0.2 45 -27 1.9 -5.7
XDAT Franklin Exponential Data ETF 0.2 50 -32 2.9 -4.7
BUG Global X Cybersecurity ETF 0.2 51 -33 2.4 -5.1
IHAK iShares Cybersecurity & Tech ETF 0.2 47 -29 3.2 -4.3
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.2 60 -42 3.8 -3.7
SPAM Themes Cybersecurity ETF 0.2 35 -17 2.0 -5.6
LNGG Roundhill Alerian LNG ETF 0.2 65 -47 8.5 +1.0
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 -29 -5.3 -12.8
MOO VanEck Agribusiness ETF 0.2 53 -35 9.4 +1.9
GSFP Goldman Sachs Future Planet Equity ETF 0.2 75 -57 4.5 -3.0
SGDM Sprott Gold Miners ETF 0.2 50 -32 5.9 -1.6
RING iShares MSCI Global Gold Miners ETF 0.2 39 -21 5.7 -1.8
CBSE Clough Select Equity ETF 0.2 85 -67 -2.3 -9.8
FTWO Strive FAANG 2.0 ETF 0.2 49 -31 4.7 -2.8
FCLD Fidelity Cloud Computing ETF 0.2 39 -21 2.4 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 3 7.1 -0.5
IDAT iShares Future Cloud 5G and Tech ETF 0.2 47 -29 4.5 -3.0
GVLU Gotham 1000 Value ETF 0.1 50 -32 7.4 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -18 7.5 -0.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 7 7.7 +0.2
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -40 8.8 +1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -41 9.6 +2.0
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -77 5.4 -2.2
CRAK VanEck Oil Refiners ETF 0.0 61 -43 13.1 +5.5
IGF iShares Global Infrastructure ETF 0.0 41 -23 5.0 -2.6
GII SPDR S&P Global Infrastructure ETF 0.0 40 -22 5.0 -2.6
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -41 2.6 -5.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -57 3.8 -3.8
GWX SPDR S&P International Small Cap ETF 0.0 40 -22 6.6 -0.9

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

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

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.