SPDR EURO STOXX 50 ETF
ALTAR
Score™		 6.8% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.8x Div.
yield		 3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DJ EURO STOXX 50 Fund is an exchange-traded fund which represents a passive management strategy designed to track the performance of the Dow Jones EURO STOXX 50 Index. The Dow Jones STOXX 50 Index represents the performance of the 50 largest companies, across all components the 19 Dow Jones EURO STOXX 600 market sector indices.

FUND BASICS
Category International Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Oct 15, 2002
Assets (mns) $3,414
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $138,646
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 7.5 %
SAP AG 6.6 %
LVMH MOET HENNESSY LOUIS VUI 4.4 %
SIEMENS AG-REG 4.2 %
SCHNEIDER ELECTRIC SA 4.1 %
TOTAL SA 4.1 %
ALLIANZ SE-REG 3.3 %
SANOFI-AVENTIS 3.1 %
DEUTSCHE TELEKOM AG 3.0 %
AIR LIQUIDE SA 2.8 %
Total 43.1 %

TOP COUNTRY EXPOSURE
FRANCE 36.7 %
GERMANY 27.4 %
NETHERLANDS 16.1 %
SPAIN 7.7 %
ITALY 7.6 %
FINLAND 1.8 %
BELGIUM 1.5 %
BRITAIN 0.8 %



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.
7.7% 25.5% 8.2% 5.8% 6.7%

Market Correlations
versus... Beta R-squared
S&P500 1.10 70%
MSCI EAFE 1.22 89%
MSCI Emg. Mkts. 1.00 58%

Technical Indicators
Recent close $47.82
30d moving avg. $51.79
Annualized volatility 22.9%
Short interest (ETF) 2.7%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1,296
Turnover 1.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $7,787

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 330 potential alternatives to the SPDR EURO STOXX 50 ETF ETF based on the alternatives' overlap in portfolio holdings with FEZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEZ Expense: 29 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEZ
Ticker Fund
Name		 Overlap1
vs FEZ
(%)		 Expense
ratio
(bp)		 Savings
vs FEZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FEZ
(%)
EZU iShares MSCI Eurozone ETF 65.2 52 -23 6.6 -0.2
FLEU Franklin FTSE Eurozone ETF 63.3 9 20 7.3 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 57.2 45 -16 6.5 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 44.3 58 -29 9.5 +2.6
EWQ iShares MSCI France ETF 39.1 53 -24 6.3 -0.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 34.1 48 -19 5.7 -1.1
IEV iShares Europe ETF 33.6 67 -38 6.6 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 31.5 9 20 7.1 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.2 46 -17 6.5 -0.4
IEUR iShares Core MSCI Europe ETF 29.5 11 18 7.1 +0.2
SPEU SPDR Portfolio Europe ETF 29.1 7 22 7.1 +0.3
FLEE Franklin FTSE Europe ETF 28.3 9 20 7.2 +0.3
VGK Vanguard FTSE Europe ETF 27.5 11 18 7.1 +0.2
DAX Global X DAX Germany ETF 27.4 21 8 6.9 +0.1
EWG iShares MSCI Germany ETF 27.4 50 -21 6.4 -0.4
DOL WisdomTree International LargeCap Dividend Fund 26.3 48 -19 7.9 +1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.3 25 4 7.2 +0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.0 35 -6 6.6 -0.2
FLGR Franklin FTSE Germany ETF 25.5 9 20 7.0 +0.2
STXI Strive International Developed Markets ETF 24.3 29 0 6.9 +0.1
OSEA Harbor International Compounders ETF 24.2 55 -26 4.3 -2.6
IDHQ Invesco S&P International Developed High Quality ETF 23.9 29 0 6.5 -0.4
JIRE JPMorgan International Research Enhanced Equity ETF 23.7 24 5 7.1 +0.3
PATN Pacer Nasdaq International Patent Leaders ETF 23.0 65 -36 6.5 -0.3
EFG iShares MSCI EAFE Growth ETF 22.3 36 -7 4.5 -2.3
EQIN Columbia US Equity Income ETF 22.2 35 -6 8.3 +1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.9 20 9 6.5 -0.3
BKCI BNY Mellon Concentrated International ETF 21.9 80 -51 4.2 -2.6
CGIE Capital Group International Equity ETF 21.8 54 -25 4.9 -1.9
ESGD iShares ESG Aware MSCI EAFE ETF 21.5 20 9 6.9 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 21.5 9 20 8.1 +1.3
EFA iShares MSCI EAFE ETF 21.4 35 -6 6.9 +0.1
FENI Fidelity Enhanced International ETF 21.3 28 1 8.1 +1.2
EUFN iShares MSCI Europe Financials ETF 21.2 51 -22 8.1 +1.3
IQSI IQ Candriam International Equity ETF 21.2 15 14 6.6 -0.2
IMFL Invesco International Developed Dynamic Multifactor ETF 21.0 34 -5 5.9 -0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.9 58 -29 6.5 -0.3
RFEU First Trust Riverfront Dynamic Europe ETF 20.6 83 -54 11.1 +4.3
EFV iShares MSCI EAFE Value ETF 20.6 34 -5 9.4 +2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.4 14 15 6.2 -0.6
IVLU iShares MSCI Intl Value Factor ETF 20.3 30 -1 11.4 +4.6
FIVA Fidelity International Value Factor ETF 20.3 18 11 10.2 +3.4
IQLT iShares MSCI Intl Quality Factor ETF 20.2 30 -1 6.2 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 20.1 20 9 7.0 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.9 36 -7 6.6 -0.2
DWM WisdomTree International Equity Fund 19.7 48 -19 8.0 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 19.4 40 -11 7.9 +1.1
DTAN Sparkline International Intangible Value ETF 19.0 55 -26 9.2 +2.3
JHMD John Hancock Multifactor Developed International ETF 18.9 39 -10 7.8 +0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 18.9 31 -2 6.7 -0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.9 20 9 6.9 +0.1
UMMA Wahed Dow Jones Islamic World ETF 18.7 65 -36 4.6 -2.3
DMXF iShares ESG Advanced MSCI EAFE ETF 18.6 12 17 5.5 -1.3
HFXI IQ FTSE International Equity Currency Neutral ETF 18.4 20 9 7.1 +0.2
IEFA iShares Core MSCI EAFE ETF 18.3 7 22 7.1 +0.3
IDMO Invesco S&P International Developed Momentum ETF 18.3 25 4 5.9 -0.9
BKIE BNY Mellon International Equity ETF 18.1 4 25 7.1 +0.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 17.9 9 20 9.9 +3.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 17.6 30 -1 7.3 +0.5
SCHF Schwab International Equity ETF 17.3 6 23 7.5 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 17.3 45 -16 8.9 +2.1
AGQI First Trust Active Global Quality Income ETF 17.3 85 -56 5.9 -1.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 17.2 12 17 5.9 -1.0
IQIN IQ 500 International ETF 16.9 25 4 9.2 +2.4
SXUS Janus Henderson International Sustainable Equity ETF 16.9 60 -31 4.2 -2.6
DTH WisdomTree International High Dividend Fund 16.8 58 -29 10.1 +3.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 16.3 32 -3 6.0 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 16.3 25 4 9.9 +3.0
VWID Virtus WMC International Dividend ETF 16.1 49 -20 9.6 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 16.0 4 25 7.1 +0.3
IMTM iShares MSCI Intl Momentum Factor ETF 15.5 30 -1 6.3 -0.5
JIG JPMorgan International Growth ETF 15.1 55 -26 4.6 -2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.8 25 4 7.2 +0.4
VEA Vanguard FTSE Developed Markets ETF 14.8 5 24 7.3 +0.5
DIHP Dimensional International High Profitability ETF 14.8 29 0 7.6 +0.8
INTF iShares International Equity Factor ETF 14.7 15 14 8.2 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 14.7 3 26 7.2 +0.4
FGM First Trust Germany AlphaDEX Fund 14.7 80 -51 6.0 -0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.4 83 -54 10.0 +3.1
CWI SPDR MSCI ACWI ex-US ETF 14.3 30 -1 6.9 +0.1
CGGO Capital Group Global Growth Equity ETF 14.0 47 -18 4.6 -2.3
CGXU Capital Group International Focus Equity ETF 14.0 54 -25 4.9 -2.0
IQDG WisdomTree International Quality Dividend Growth Fund 13.8 42 -13 6.8 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.7 58 -29 6.4 -0.5
DFAI Dimensional International Core Equity Market ETF 13.7 18 11 7.3 +0.5
EWN iShares MSCI Netherlands ETF 13.7 50 -21 5.1 -1.7
VYMI Vanguard International High Dividend Yield ETF 13.4 22 7 9.8 +3.0
DFIV Dimensional International Value ETF 13.4 27 2 10.0 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 13.2 34 -5 7.0 +0.1
LUXX Roundhill S&P Global Luxury ETF 13.1 45 -16 2.9 -4.0
FIDI Fidelity International High Dividend ETF 12.9 18 11 10.9 +4.1
CID VictoryShares International High Div Volatility Wtd ETF 12.8 45 -16 11.9 +5.1
FEUZ First Trust Eurozone AlphaDEX ETF 12.8 80 -51 6.7 -0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 12.5 18 11 7.0 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.5 41 -12 7.4 +0.6
OCEN IQ Clean Oceans ETF 12.2 45 -16 6.1 -0.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 12.2 22 7 6.6 -0.3
VIGI Vanguard International Dividend Appreciation ETF 12.2 15 14 6.4 -0.4
IGRO iShares International Dividend Growth ETF 12.2 15 14 7.5 +0.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.8 65 -36 12.8 +5.9
CLNR IQ Cleaner Transport ETF 11.7 45 -16 6.8 0.0
VEU Vanguard FTSE All-World ex-US Index Fund 11.6 8 21 7.3 +0.4
FICS First Trust International Developed Capital Strength ETF 11.6 70 -41 5.3 -1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.4 80 -51 5.6 -1.2
SCHY Schwab International Dividend Equity ETF 11.4 14 15 9.3 +2.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 11.3 65 -36 8.2 +1.3
IXUS iShares Core MSCI Total International Stock ETF 11.3 7 22 7.2 +0.4
DFSI Dimensional International Sustainability Core 1 ETF 11.3 24 5 6.5 -0.4
LUX Tema Luxury ETF 11.2 75 -46 3.0 -3.8
AVIV Avantis International Large Cap Value ETF 11.2 25 4 9.0 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.1 39 -10 7.4 +0.6
IDOG ALPS International Sector Dividend Dogs ETF 11.0 50 -21 12.8 +6.0
LVHI Franklin International Low Volatility High Dividend Index ET 11.0 40 -11 10.1 +3.3
QINT American Century Quality Diversified International ETF 10.9 39 -10 7.7 +0.9
VXUS Vanguard Total International Stock ETF 10.7 7 22 7.2 +0.4
IMOM Alpha Architect International Quantitative Momentum ETF 10.5 49 -20 5.7 -1.1
CGDG Capital Group Dividend Growers ETF 10.3 47 -18 6.6 -0.2
TEMP JPMorgan Climate Change Solutions ETF 10.1 49 -20 5.5 -1.3
DGT SPDR Global Dow ETF 9.9 50 -21 6.8 -0.0
DWMF WisdomTree International Multifactor Fund 9.9 38 -9 7.4 +0.6
NTZG Nuveen Global Net Zero Transition ETF 9.8 56 -27 4.7 -2.1
GCOW Pacer Global Cash Cows Dividend ETF 9.8 60 -31 12.5 +5.7
IDLV Invesco S&P International Developed Low Volatility ETF 9.8 25 4 6.2 -0.6
IQDE FlexShares International Quality Dividend Defensive Index ET 9.4 47 -18 14.8 +8.0
IPKW Invesco International BuyBack Achievers ETF 9.4 55 -26 11.0 +4.2
CIL VictoryShares International Volatility Wtd ETF 9.3 45 -16 7.0 +0.2
DFIC Dimensional International Core Equity 2 ETF 9.3 23 6 7.7 +0.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 9.3 51 -22 7.1 +0.3
JHID John Hancock International High Dividend ETF 9.2 46 -17 11.3 +4.5
UIVM VictoryShares International Value Momentum ETF 9.2 35 -6 11.0 +4.2
GSFP Goldman Sachs Future Planet Equity ETF 9.2 75 -46 4.2 -2.6
RXI iShares Global Consumer Discretionary ETF 9.1 41 -12 5.4 -1.5
VSGX Vanguard ESG International Stock ETF 9.1 12 17 6.8 -0.1
PCGG Polen Capital Global Growth ETF 9.0 85 -56 3.5 -3.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.0 39 -10 7.5 +0.7
FDEV Fidelity International Multifactor ETF 9.0 18 11 7.8 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.9 47 -18 9.4 +2.6
AVSD Avantis Responsible International Equity ETF 8.9 23 6 7.1 +0.3
IDV iShares International Select Dividend ETF 8.6 51 -22 12.2 +5.4
EXI iShares Global Industrials ETF 8.6 42 -13 4.5 -2.3
OAIM OneAscent International Equity ETF 8.5 95 -66 5.1 -1.7
BINV Brandes International ETF 8.5 70 -41 8.5 +1.7
EWI iShares MSCI Italy ETF 8.4 50 -21 8.1 +1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 8.4 55 -26 5.3 -1.6
MOTG VanEck Morningstar Global Wide Moat ETF 8.1 52 -23 5.6 -1.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 8.1 39 -10 12.1 +5.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.1 65 -36 4.3 -2.5
AVDE Avantis International Equity ETF 8.0 23 6 8.1 +1.2
DSTX Distillate International Fundamental Stability & Value ETF 7.9 55 -26 8.0 +1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.9 47 -18 5.5 -1.4
EWP iShares MSCI Spain ETF 7.7 50 -21 8.4 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.6 42 -13 8.1 +1.2
SHPP Pacer Industrials and Logistics ETF 7.6 60 -31 9.9 +3.0
IVAL Alpha Architect International Quantitative Value ETF 7.6 49 -20 9.5 +2.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 7.6 79 -50 5.1 -1.7
CZAR Themes Natural Monopoly ETF 7.6 35 -6 6.3 -0.6
WRND IQ Global Equity R&D Leaders ETF 7.6 18 11 7.5 +0.7
FDD First Trust Stoxx European Select Dividend Index Fund 7.4 58 -29 13.6 +6.8
IQDF FlexShares International Quality Dividend Index Fund 7.3 47 -18 12.9 +6.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.3 29 0 8.6 +1.8
IBAT iShares Energy Storage & Materials ETF 7.1 47 -18 3.1 -3.7
FINE Themes European Luxury ETF 7.0 35 -6 -2.3 -9.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.8 80 -51 3.2 -3.6
ESGG FlexShares STOXX Global ESG Select Index Fund 6.7 42 -13 5.1 -1.7
RODE Hartford Multifactor Diversified International ETF 6.7 29 0 11.8 +5.0
MOTI VanEck Morningstar International Moat ETF 6.5 58 -29 5.9 -0.9
FEP First Trust Europe AlphaDEX Fund 6.5 80 -51 7.8 +1.0
TPIF Timothy Plan International ETF 6.4 62 -33 6.8 -0.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 6.4 58 -29 4.6 -2.2
WWJD Inspire International ETF 6.4 80 -51 7.3 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.3 30 -1 8.0 +1.1
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 -30 13.6 +6.8
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 6.1 55 -26 2.9 -4.0
KXI iShares Global Consumer Staples ETF 6.1 41 -12 5.7 -1.1
IXG iShares Global Financials ETF 6.1 42 -13 6.2 -0.6
IOO iShares Global 100 ETF 6.1 41 -12 4.8 -2.0
FDTX Fidelity Disruptive Technology ETF 6.0 50 -21 2.8 -4.1
JGLO JPMorgan Global Select Equity ETF 5.9 33 -4 4.5 -2.4
CLOD Themes Cloud Computing ETF 5.9 35 -6 2.6 -4.2
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 -8 8.9 +2.1
DINT Davis Select International ETF 5.7 55 -26 6.0 -0.8
KLMT Invesco MSCI Global Climate 500 ETF 5.7 10 19 5.4 -1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 5.5 9 20 5.2 -1.6
QWLD SPDR MSCI World StrategicFactors ETF 5.4 30 -1 5.9 -0.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 5.4 45 -16 5.7 -1.1
EFAS Global X MSCI SuperDividend EAFE ETF 5.4 57 -28 10.3 +3.4
DWX SPDR S&P International Dividend ETF 5.4 45 -16 6.5 -0.4
RGEF Rockefeller Global Equity ETF 5.3 55 -26 5.0 -1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.3 50 -21 5.3 -1.5
TOK iShares MSCI Kokusai ETF 5.3 26 3 5.0 -1.8
TTAI FCF International Quality ETF 5.3 59 -30 5.6 -1.2
DEW WisdomTree Global High Dividend Fund 5.2 58 -29 8.5 +1.7
DIVS SmartETFs Dividend Builder ETF 5.1 65 -36 5.0 -1.8
FILL iShares MSCI Global Energy Producers ETF 5.0 39 -10 9.6 +2.8
IXC iShares Global Energy ETF 5.0 44 -15 8.7 +1.9
URTH iShares MSCI World ETF 5.0 24 5 5.2 -1.6
KOCG FIS Knights of Columbus Global Belief ETF 4.9 75 -46 5.0 -1.8
NATO Themes Transatlantic Defense ETF 4.9 35 -6 3.2 -3.7
CARZ First Trust NASDAQ Global Auto Index Fund 4.8 70 -41 3.8 -3.0
IDRV iShares Self-driving EV & Tech ETF 4.6 47 -18 -0.4 -7.3
ACWI iShares MSCI ACWI ETF 4.5 32 -3 5.3 -1.5
VIDI Vident International Equity Strategy ETF 4.4 61 -32 10.2 +3.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.4 56 -27 13.5 +6.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.3 9 20 5.4 -1.5
TINY ProShares Nanotechnology ETF 4.3 58 -29 1.9 -4.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.2 25 4 5.6 -1.2
LOUP Innovator Deepwater Frontier Tech ETF 4.2 70 -41 1.3 -5.5
IBOT Vaneck Robotics ETF 4.2 47 -18 4.1 -2.7
BULD Pacer BlueStar Engineering the Future ETF 4.2 60 -31 1.7 -5.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 9 5.2 -1.7
FPAG FPA Global Equity ETF 4.1 49 -20 5.4 -1.4
HART IQ Healthy Hearts ETF 4.0 45 -16 5.0 -1.9
BIGFX Baron International Growth Retail 4.0 75 -46 3.1 -3.7
MXI iShares Global Materials ETF 3.9 41 -12 7.0 +0.2
SMOG VanEck Low Carbon Energy ETF 3.9 61 -32 2.4 -4.5
IGF iShares Global Infrastructure ETF 3.9 41 -12 4.3 -2.5
JXI iShares Global Utilities ETF 3.9 43 -14 5.9 -0.9
GII SPDR S&P Global Infrastructure ETF 3.9 40 -11 4.3 -2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.9 12 17 4.8 -2.0
GNR SPDR S&P Global Natural Resources ETF 3.8 40 -11 9.7 +2.9
VT Vanguard Total World Stock ETF 3.8 7 22 5.5 -1.3
IXN iShares Global Tech ETF 3.7 41 -12 4.5 -2.3
AIQ Global X Artificial Intelligence & Technology ETF 3.7 68 -39 4.0 -2.8
FAN First Trust Global Wind Energy ETF 3.7 60 -31 5.5 -1.3
BNE Blue Horizon BNE ETF 3.6 87 -58 4.6 -2.2
NETZ TCW Transform Systems ETF 3.6 75 -46 3.6 -3.3
PRNT 3D Printing ETF 3.6 66 -37 0.7 -6.1
VCLN Virtus Duff & Phelps Clean Energy ETF 3.5 59 -30 3.9 -3.0
WLDR Affinity World Leaders Equity ETF 3.4 67 -38 8.1 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 -17 9.3 +2.5
XT iShares Exponential Technologies ETF 3.3 46 -17 4.8 -2.1
BLES Inspire Global Hope ETF 3.2 61 -32 6.4 -0.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 3.2 65 -36 1.6 -5.2
IDNA iShares Genomics Immunology and Healthcare ETF 3.1 47 -18 -4.3 -11.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.0 45 -16 -0.6 -7.4
AIVI WisdomTree International AI Enhanced Value Fund 3.0 58 -29 8.5 +1.7
IVEG iShares Emergent Food and AgTech Multisector ETF 3.0 47 -18 8.0 +1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.0 24 5 8.7 +1.8
GBUY Goldman Sachs Future Consumer Equity ETF 2.9 75 -46 3.3 -3.5
FID First Trust S&P International Dividend Aristocrats ETF 2.9 60 -31 9.0 +2.1
HAP VanEck Natural Resources ETF 2.9 50 -21 10.0 +3.2
GLOF iShares Global Equity Factor ETF 2.9 20 9 7.0 +0.2
ISHP First Trust Nasdaq Retail ETF 2.9 60 -31 2.9 -4.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.9 80 -51 9.1 +2.3
MOTO SmartETFs Smart Transportation & Technology ETF 2.8 68 -39 7.3 +0.5
GDVD R3 Global Dividend Growth ETF 2.8 88 -59 5.5 -1.3
FBOT Fidelity Disruptive Automation ETF 2.8 50 -21 3.6 -3.2
GVAL Cambria Global Value ETF 2.8 68 -39 13.1 +6.3
HDRO Defiance Next Gen H2 ETF 2.8 30 -1 -21.5 -28.3
DTEC ALPS Disruptive Technologies ETF 2.7 50 -21 3.7 -3.2
FDNI First Trust Dow Jones International Internet ETF 2.7 65 -36 2.1 -4.7
IXJ iShares Global Healthcare ETF 2.7 42 -13 6.5 -0.3
RAYD Rayliant Quantitative Developed Market Equity ETF 2.6 80 -51 3.8 -3.0
BWEB Bitwise Web3 ETF 2.6 85 -56 0.7 -6.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 2.6 56 -27 1.1 -5.7
TOLL Tema Monopolies and Oligopolies ETF 2.6 75 -46 3.3 -3.5
BECO BlackRock Future Climate and Sustainable Economy ETF 2.6 70 -41 11.9 +5.1
DRIV Global X Autonomous & Electric Vehicles ETF 2.5 68 -39 4.8 -2.0
IXP iShares Global Comm Services ETF 2.5 42 -13 5.1 -1.8
BLLD JPMorgan Sustainable Infrastructure ETF 2.5 49 -20 5.7 -1.1
QTUM Defiance Quantum ETF 2.4 40 -11 3.6 -3.2
ROBO ROBO Global Robotics & Automation Index ETF 2.3 95 -66 3.5 -3.4
ICLN iShares Global Clean Energy ETF 2.3 41 -12 6.0 -0.8
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.3 75 -46 7.9 +1.1
SNSR Global X Internet of Things ETF 2.3 68 -39 4.6 -2.2
WDIV SPDR S&P Global Dividend ETF 2.1 40 -11 9.4 +2.5
KNCT Invesco Next Gen Connectivity ETF 2.0 40 -11 5.6 -1.2
KNO AXS Knowledge Leaders ETF 1.9 78 -49 4.9 -1.9
IDAT iShares Future Cloud 5G and Tech ETF 1.8 47 -18 4.3 -2.5
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 -30 5.8 -1.0
EFNL iShares MSCI Finland ETF 1.8 56 -27 8.0 +1.2
IVES Wedbush ETFMG Global Cloud Technology ETF 1.8 68 -39 5.8 -1.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.8 46 -17 4.9 -1.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.8 55 -26 9.7 +2.9
LNGG Roundhill Alerian LNG ETF 1.7 65 -36 9.1 +2.3
SYNB Putnam BioRevolution ETF 1.7 70 -41 3.0 -3.8
FTAG First Trust Indxx Global Agriculture ETF 1.7 70 -41 9.7 +2.8
UFO Procure Space ETF 1.7 75 -46 -2.0 -8.8
FDRR Fidelity Dividend ETF for Rising Rates 1.7 15 14 7.4 +0.6
GINN Goldman Sachs Innovate Equity ETF 1.7 52 -23 2.8 -4.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 -19 1.9 -4.9
DWLD Davis Select Worldwide ETF 1.6 63 -34 6.7 -0.1
NXTG First Trust Indxx NextG ETF 1.6 70 -41 6.2 -0.6
GLBL Pacer MSCI World Industry Advantage ETF 1.5 65 -36 4.7 -2.1
EWK iShares MSCI Belgium ETF 1.5 50 -21 7.9 +1.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.5 75 -46 4.6 -2.2
CGDV Capital Group Dividend Value ETF 1.5 33 -4 5.6 -1.2
IQM Franklin Intelligent Machines ETF 1.4 50 -21 3.2 -3.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -32 1.2 -5.6
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 9 6.3 -0.5
CHAT Roundhill Generative AI & Technology ETF 1.2 75 -46 3.8 -3.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.2 85 -56 3.5 -3.3
BCDF Horizon Kinetics Blockchain Development ETF 1.2 85 -56 3.9 -2.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.2 39 -10 -1.7 -8.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -46 2.9 -4.0
BTEK Future Tech ETF 1.1 88 -59 2.3 -4.6
ARKX ARK Space Exploration & Innovation ETF 1.1 75 -46 2.4 -4.4
BPAY BlackRock Future Financial and Technology ETF 1.1 70 -41 8.2 +1.4
FDFF Fidelity Disruptive Finance ETF 1.1 50 -21 4.1 -2.7
BFTHX Baron Fifth Avenue Growth Retail 1.1 75 -46 1.7 -5.2
BGAIX Baron Global Advantage 1.1 75 -46 0.6 -6.2
ARKF ARK Fintech Innovation ETF 1.1 75 -46 -0.4 -7.2
FINX Global X FinTech ETF 1.1 68 -39 2.6 -4.2
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 1.1 75 -46 4.7 -2.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.1 18 11 6.8 0.0
DFNL Davis Select Financial ETF 1.1 63 -34 6.6 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.0 65 -36 0.2 -6.6
SUPL ProShares Supply Chain Logistics ETF 1.0 58 -29 14.2 +7.4
SEA U.S. Global Sea to Sky Cargo ETF 1.0 60 -31 21.5 +14.7
TOGA Tremblant Global ETF 1.0 69 -40 1.9 -5.0
IBUY Amplify Online Retail ETF 0.9 65 -36 1.4 -5.5
CGGR Capital Group Growth ETF 0.9 39 -10 3.2 -3.6
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -21 1.8 -5.0
JETS U.S. Global Jets ETF 0.8 60 -31 -13.3 -20.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 -10 11.0 +4.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 -31 0.5 -6.4
TRFK Pacer Data and Digital Revolution ETF 0.7 60 -31 4.0 -2.8
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 -16 3.6 -3.3
WDNA WisdomTree BioRevolution Fund 0.6 45 -16 -3.8 -10.6
MOO VanEck Agribusiness ETF 0.6 53 -24 9.7 +2.9
KROP Global X AgTech & Food Innovation ETF 0.6 50 -21 4.7 -2.1
FDVV Fidelity High Dividend ETF 0.6 15 14 8.7 +1.9
IQRA IQ CBRE Real Assets ETF 0.5 65 -36 5.2 -1.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -60 4.9 -1.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 -4 8.2 +1.4
MVPS Amplify Thematic All-Stars ETF 0.3 49 -20 2.7 -4.2
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 -6 5.1 -1.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 -39 2.1 -4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -10 7.2 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 22 7.3 +0.5

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:		 SPDR EURO STOXX 50 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 12.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.60
 
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.