SPDR EURO STOXX 50 ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 13.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.9x Div.
yield		 3.3%


  • 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) $3,412
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) $155,894
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 9.4 %
LVMH MOET HENNESSY LOUIS VUI 5.8 %
SAP AG 5.4 %
TOTAL SA 4.5 %
SIEMENS AG-REG 3.6 %
SCHNEIDER ELECTRIC SA 3.3 %
ALLIANZ SE-REG 3.0 %
SANOFI-AVENTIS 2.8 %
L'OREAL 2.8 %
EADS NV 2.8 %
Total 43.4 %

TOP COUNTRY EXPOSURE
FRANCE 37.7 %
GERMANY 25.4 %
NETHERLANDS 17.8 %
SPAIN 7.1 %
ITALY 6.7 %
BRITAIN 1.6 %
FINLAND 1.5 %
BELGIUM 1.4 %



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.
10.1% 20.7% 10.6% 5.2% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.09 71%
MSCI EAFE 1.26 89%
MSCI Emg. Mkts. 0.99 59%

Technical Indicators
Recent close $50.18
30d moving avg. $45.28
Annualized volatility 22.8%
Short interest (ETF) 4.8%
Relative strength (RSI) 80

Liquidity measures
Avg. volume (thou.) 1,370
Turnover 2.0%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $8,025

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 311 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™: 6.3%


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 66.4 52 -23 6.3 -0.0
FLEU Franklin FTSE Eurozone ETF 63.7 9 20 6.8 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 59.1 45 -16 6.3 -0.0
HEDJ WisdomTree Europe Hedged Equity Fund 46.7 58 -29 8.5 +2.1
OEUR ALPS O'Shares Europe Quality Dividend ETF 43.8 48 -19 5.8 -0.5
EWQ iShares MSCI France ETF 40.5 53 -24 5.5 -0.8
IEV iShares Europe ETF 34.9 67 -38 6.2 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 33.4 9 20 6.8 +0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 33.2 46 -17 6.4 +0.1
FLEE Franklin FTSE Europe ETF 32.1 9 20 7.0 +0.6
IEUR iShares Core MSCI Europe ETF 30.4 11 18 -1.3 -7.7
DOL WisdomTree International LargeCap Dividend Fund 30.3 48 -19 7.9 +1.6
SPEU SPDR Portfolio Europe ETF 29.8 7 22 6.7 +0.4
VGK Vanguard FTSE Europe ETF 29.4 11 18 7.0 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.0 25 4 7.5 +1.2
IDHQ Invesco S&P International Developed High Quality ETF 27.1 29 0 5.8 -0.5
RFEU First Trust Riverfront Dynamic Europe ETF 26.7 83 -54 9.0 +2.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.3 35 -6 6.5 +0.2
OSEA Harbor International Compounders ETF 26.0 55 -26 3.8 -2.6
EWG iShares MSCI Germany ETF 25.4 50 -21 6.6 +0.3
DBGR Xtrackers MSCI Germany Hedged Equity ETF 25.4 45 -16 6.4 +0.1
FLGR Franklin FTSE Germany ETF 25.4 9 20 7.2 +0.9
DAX Global X DAX Germany ETF 25.4 21 8 7.1 +0.7
JIRE JPMorgan International Research Enhanced Equity ETF 24.6 24 5 6.8 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.4 58 -29 6.1 -0.2
EFG iShares MSCI EAFE Growth ETF 23.8 36 -7 4.2 -2.2
BKCI BNY Mellon Concentrated International ETF 23.4 80 -51 5.3 -1.0
IQLT iShares MSCI Intl Quality Factor ETF 23.2 30 -1 5.8 -0.6
DWM WisdomTree International Equity Fund 22.7 48 -19 7.9 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.7 20 9 6.4 +0.0
IQSI IQ Candriam International Equity ETF 22.7 15 14 6.5 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.5 40 -11 8.0 +1.6
EFA iShares MSCI EAFE ETF 22.5 35 -6 6.5 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 22.5 20 9 6.4 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.9 14 15 6.3 -0.1
IVLU iShares MSCI Intl Value Factor ETF 21.7 30 -1 10.8 +4.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.6 36 -7 6.5 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 21.4 20 9 6.8 +0.4
UMMA Wahed Dow Jones Islamic World ETF 21.2 65 -36 4.4 -2.0
EFV iShares MSCI EAFE Value ETF 21.2 34 -5 9.3 +2.9
FIVA Fidelity International Value Factor ETF 21.0 18 11 9.5 +3.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 20.8 20 9 7.0 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 20.6 9 20 8.2 +1.8
EUFN iShares MSCI Europe Financials ETF 20.2 51 -22 8.3 +2.0
JHMD John Hancock Multifactor Developed International ETF 19.9 39 -10 7.5 +1.2
DTH WisdomTree International High Dividend Fund 19.9 58 -29 10.3 +4.0
DMXF iShares ESG Advanced MSCI EAFE ETF 19.9 12 17 5.5 -0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 19.7 20 9 6.9 +0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 19.4 9 20 10.0 +3.7
IEFA iShares Core MSCI EAFE ETF 19.4 7 22 2.7 -3.6
NUDM Nuveen ESG International Developed Markets Equity ETF 19.2 31 -2 6.5 +0.2
JIG JPMorgan International Growth ETF 19.1 55 -26 4.4 -2.0
BKIE BNY Mellon International Equity ETF 18.9 4 25 7.0 +0.6
IMTM iShares MSCI Intl Momentum Factor ETF 18.7 30 -1 6.9 +0.5
IQIN IQ 500 International ETF 18.5 25 4 8.9 +2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 18.4 20 9 10.9 +4.6
ESGN Columbia International ESG Equity Income ETF 18.4 45 -16 9.1 +2.8
SCHF Schwab International Equity ETF 18.1 6 23 7.1 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.0 45 -16 8.6 +2.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 17.7 30 -1 7.0 +0.6
CGXU Capital Group International Focus Equity ETF 17.4 54 -25 4.2 -2.1
IDEV iShares Core MSCI International Developed Markets ETF 17.3 4 25 6.8 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 17.2 42 -13 5.9 -0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 17.1 58 -29 5.6 -0.7
FEUZ First Trust Eurozone AlphaDEX ETF 16.8 80 -51 8.6 +2.2
FNDF Schwab Fundamental International Large Co. Index ETF 16.5 25 4 9.2 +2.9
FICS First Trust International Developed Capital Strength ETF 16.5 70 -41 6.2 -0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 16.5 83 -54 9.2 +2.8
DIHP Dimensional International High Profitability ETF 16.3 29 0 7.0 +0.6
VEA Vanguard FTSE Developed Markets ETF 16.3 5 24 7.1 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.1 25 4 7.6 +1.2
INTF iShares International Equity Factor ETF 15.8 15 14 7.9 +1.6
LUX Tema Luxury ETF 15.8 75 -46 3.3 -3.0
SPDW SPDR Portfolio Developed World ex-US ETF 15.8 3 26 7.0 +0.7
CWI SPDR MSCI ACWI ex-US ETF 15.6 30 -1 6.9 +0.6
VYMI Vanguard International High Dividend Yield ETF 15.4 22 7 9.9 +3.6
SXUS Janus Henderson International Sustainable Equity ETF 15.3 60 -31 4.6 -1.7
DFIV Dimensional International Value ETF 15.0 27 2 10.0 +3.7
EWN iShares MSCI Netherlands ETF 15.0 50 -21 4.8 -1.5
CGGO Capital Group Global Growth Equity ETF 14.8 47 -18 4.3 -2.0
DFAI Dimensional International Core Equity Market ETF 14.1 18 11 7.0 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.0 32 -3 6.9 +0.5
VWID Virtus WMC International Dividend ETF 13.9 49 -20 9.6 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 13.8 34 -5 6.8 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.7 41 -12 6.8 +0.4
LUXX Roundhill S&P Global Luxury ETF 13.6 45 -16 2.7 -3.6
IDMO Invesco S&P International Developed Momentum ETF 13.2 25 4 6.9 +0.6
FIDI Fidelity International High Dividend ETF 13.2 18 11 10.3 +4.0
VEU Vanguard FTSE All-World ex-US Index Fund 13.2 8 21 7.3 +1.0
CLNR IQ Cleaner Transport ETF 13.0 45 -16 8.3 +2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.7 39 -10 7.7 +1.4
IDOG ALPS International Sector Dividend Dogs ETF 12.6 50 -21 11.8 +5.5
RXI iShares Global Consumer Discretionary ETF 12.5 41 -12 5.6 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 12.5 65 -36 8.6 +2.2
VIGI Vanguard International Dividend Appreciation ETF 12.4 15 14 5.6 -0.7
AGQI First Trust Active Global Quality Income ETF 12.3 85 -56 5.9 -0.4
DFSI Dimensional International Sustainability Core 1 ETF 12.3 24 5 6.3 -0.0
VXUS Vanguard Total International Stock ETF 12.1 7 22 7.2 +0.9
IXUS iShares Core MSCI Total International Stock ETF 12.1 7 22 7.0 +0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.0 47 -18 10.4 +4.1
AVIV Avantis International Large Cap Value ETF 11.8 25 4 9.0 +2.7
SCHY Schwab International Dividend Equity ETF 11.8 14 15 9.4 +3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.6 39 -10 7.4 +1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.4 80 -51 5.5 -0.8
JHID John Hancock International High Dividend ETF 11.3 46 -17 11.6 +5.3
FEP First Trust Europe AlphaDEX Fund 11.3 80 -51 8.9 +2.5
IGRO iShares International Dividend Growth ETF 11.2 15 14 7.2 +0.9
FGM First Trust Germany AlphaDEX Fund 11.2 80 -51 9.3 +3.0
DGT SPDR Global Dow ETF 10.9 50 -21 6.8 +0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.9 42 -13 6.9 +0.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 10.8 22 7 6.3 +0.0
OCEN IQ Clean Oceans ETF 10.6 45 -16 5.4 -1.0
VSGX Vanguard ESG International Stock ETF 10.4 12 17 6.9 +0.6
QINT American Century Quality Diversified International ETF 10.2 39 -10 7.5 +1.2
NTZG Nuveen Global Net Zero Transition ETF 10.1 56 -27 5.0 -1.4
FDEV Fidelity International Multifactor ETF 10.0 18 11 7.6 +1.3
MOTG VanEck Morningstar Global Wide Moat ETF 9.9 52 -23 5.9 -0.4
DWMF WisdomTree International Multifactor Fund 9.8 38 -9 7.4 +1.1
IDV iShares International Select Dividend ETF 9.7 51 -22 12.6 +6.3
JRNY ALPS Global Travel Beneficiaries ETF 9.6 65 -36 0.0 -6.3
TEMP JPMorgan Climate Change Solutions ETF 9.6 49 -20 4.7 -1.6
DFIC Dimensional International Core Equity 2 ETF 9.4 23 6 7.5 +1.2
UIVM VictoryShares International Value Momentum ETF 9.2 35 -6 10.8 +4.5
MOTI VanEck Morningstar International Moat ETF 9.2 58 -29 7.1 +0.8
IQDE FlexShares International Quality Dividend Defensive Index ET 9.1 47 -18 10.9 +4.6
EXI iShares Global Industrials ETF 9.1 42 -13 4.7 -1.6
CIL VictoryShares International Volatility Wtd ETF 9.1 45 -16 7.0 +0.6
AVDE Avantis International Equity ETF 9.0 23 6 8.0 +1.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 9.0 80 -51 5.7 -0.6
WRND IQ Global Equity R&D Leaders ETF 8.9 18 11 7.2 +0.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 8.9 51 -22 6.9 +0.6
DSTX Distillate International Fundamental Stability & Value ETF 8.7 55 -26 8.1 +1.8
CID VictoryShares International High Div Volatility Wtd ETF 8.6 45 -16 9.7 +3.4
EUDV ProShares MSCI Europe Dividend Growers ETF 8.5 55 -26 5.0 -1.3
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 -18 10.9 +4.5
EWI iShares MSCI Italy ETF 8.3 50 -21 8.4 +2.1
RODE Hartford Multifactor Diversified International ETF 8.2 29 0 11.7 +5.4
GVAL Cambria Global Value ETF 8.2 68 -39 12.6 +6.3
FDD First Trust Stoxx European Select Dividend Index Fund 8.1 58 -29 13.2 +6.8
GCOW Pacer Global Cash Cows Dividend ETF 8.1 60 -31 13.9 +7.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 8.0 39 -10 12.8 +6.5
LVHI Franklin International Low Volatility High Dividend Index ET 7.9 40 -11 10.3 +4.0
FINE Themes European Luxury ETF 7.9 35 -6 -2.2 -8.6
IOO iShares Global 100 ETF 7.8 41 -12 4.8 -1.5
FYLD Cambria Foreign Shareholder Yield ETF 7.7 59 -30 12.1 +5.8
WWJD Inspire International ETF 7.7 80 -51 7.2 +0.9
TOLL Tema Monopolies and Oligopolies ETF 7.7 75 -46 2.6 -3.7
GSFP Goldman Sachs Future Planet Equity ETF 7.7 75 -46 4.6 -1.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 7.6 45 -16 6.4 +0.1
IXG iShares Global Financials ETF 7.3 42 -13 7.0 +0.7
EWP iShares MSCI Spain ETF 7.1 50 -21 8.7 +2.4
ESGG FlexShares STOXX Global ESG Select Index Fund 7.0 42 -13 5.2 -1.2
KOCG FIS Knights of Columbus Global Belief ETF 6.8 75 -46 5.4 -1.0
KOIN Capital Link Global Fintech Leaders ETF 6.8 75 -46 4.7 -1.7
IDLV Invesco S&P International Developed Low Volatility ETF 6.8 25 4 5.9 -0.4
KXI iShares Global Consumer Staples ETF 6.7 41 -12 5.7 -0.6
AIVI WisdomTree International AI Enhanced Value Fund 6.6 58 -29 8.2 +1.8
DEW WisdomTree Global High Dividend Fund 6.5 58 -29 9.3 +3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.5 30 -1 7.9 +1.6
SHPP Pacer Industrials and Logistics ETF 6.5 60 -31 9.0 +2.7
EFAS Global X MSCI SuperDividend EAFE ETF 6.5 57 -28 9.9 +3.5
CLOD Themes Cloud Computing ETF 6.5 35 -6 3.7 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.4 47 -18 6.0 -0.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.4 79 -50 5.3 -1.1
TOK iShares MSCI Kokusai ETF 6.2 26 3 5.3 -1.0
NETZ TCW Transform Systems ETF 6.1 75 -46 3.5 -2.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 6.1 29 0 8.9 +2.6
KOKU Xtrackers MSCI Kokusai Equity ETF 6.1 9 20 5.5 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 5.9 30 -1 6.1 -0.2
ISZE iShares MSCI Intl Size Factor ETF 5.9 30 -1 6.7 +0.3
URTH iShares MSCI World ETF 5.9 24 5 5.4 -0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 -8 8.8 +2.5
BECO BlackRock Future Climate and Sustainable Economy ETF 5.8 70 -41 14.0 +7.7
WLDR Affinity World Leaders Equity ETF 5.8 67 -38 8.5 +2.2
TPIF Timothy Plan International ETF 5.6 62 -33 6.8 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.5 58 -29 4.6 -1.7
IMOM Alpha Architect International Quantitative Momentum ETF 5.5 49 -20 7.2 +0.9
FILL iShares MSCI Global Energy Producers ETF 5.4 39 -10 9.3 +2.9
IXC iShares Global Energy ETF 5.4 44 -15 8.5 +2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.4 56 -27 14.3 +8.0
IPKW Invesco International BuyBack Achievers ETF 5.4 55 -26 9.3 +3.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.4 50 -21 5.1 -1.2
DIVS SmartETFs Dividend Builder ETF 5.2 65 -36 4.8 -1.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 5.2 45 -16 4.8 -1.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 5.2 55 -26 3.7 -2.6
ACWI iShares MSCI ACWI ETF 5.1 32 -3 5.5 -0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.0 9 20 5.8 -0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.9 80 -51 10.9 +4.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.8 24 5 8.7 +2.3
GNR SPDR S&P Global Natural Resources ETF 4.8 40 -11 9.3 +3.0
RAYD Rayliant Quantitative Developed Market Equity ETF 4.8 80 -51 4.5 -1.8
TINY ProShares Nanotechnology ETF 4.7 58 -29 1.9 -4.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 9 5.7 -0.7
DINT Davis Select International ETF 4.6 55 -26 5.0 -1.4
VT Vanguard Total World Stock ETF 4.5 7 22 5.9 -0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.5 65 -36 13.0 +6.7
IXN iShares Global Tech ETF 4.4 41 -12 4.3 -2.0
GLIF AGF Global Infrastructure ETF 4.3 45 -16 5.5 -0.8
CARZ First Trust NASDAQ Global Auto Index Fund 4.3 70 -41 3.5 -2.8
MXI iShares Global Materials ETF 4.1 41 -12 6.6 +0.3
LOUP Innovator Deepwater Frontier Tech ETF 4.1 70 -41 2.3 -4.0
IDRV iShares Self-driving EV & Tech ETF 4.1 47 -18 -0.5 -6.8
INNO Harbor Disruptive Innovation ETF 4.0 75 -46 -3.5 -9.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.0 12 17 5.1 -1.2
IVAL Alpha Architect International Quantitative Value ETF 3.9 49 -20 5.8 -0.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.8 25 4 6.1 -0.2
BNE Blue Horizon BNE ETF 3.8 87 -58 5.1 -1.3
AIQ Global X Artificial Intelligence & Technology ETF 3.8 68 -39 4.1 -2.2
BLES Inspire Global Hope ETF 3.8 61 -32 6.4 +0.1
VIDI Vident International Equity Strategy ETF 3.7 61 -32 12.1 +5.8
PRNT 3D Printing ETF 3.6 66 -37 -4.1 -10.4
BULD Pacer BlueStar Engineering the Future ETF 3.6 60 -31 1.2 -5.1
IBOT Vaneck Robotics ETF 3.6 47 -18 3.7 -2.6
TTAI FCF International Quality ETF 3.6 59 -30 7.4 +1.1
MOTO SmartETFs Smart Transportation & Technology ETF 3.6 68 -39 6.8 +0.4
GLOF iShares Global Equity Factor ETF 3.6 20 9 7.1 +0.8
ISHP First Trust Nasdaq Retail ETF 3.5 60 -31 3.2 -3.1
DRIV Global X Autonomous & Electric Vehicles ETF 3.5 68 -39 3.4 -3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.5 46 -17 9.0 +2.6
HART IQ Healthy Hearts ETF 3.5 45 -16 5.4 -0.9
DWX SPDR S&P International Dividend ETF 3.5 45 -16 7.2 +0.9
FPAG FPA Global Equity ETF 3.4 49 -20 5.7 -0.6
XT iShares Exponential Technologies ETF 3.2 46 -17 3.9 -2.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.2 75 -46 8.0 +1.6
IGF iShares Global Infrastructure ETF 3.2 41 -12 5.2 -1.2
JXI iShares Global Utilities ETF 3.2 43 -14 6.9 +0.6
FAN First Trust Global Wind Energy ETF 3.2 60 -31 5.6 -0.8
SMOG VanEck Low Carbon Energy ETF 3.2 61 -32 3.1 -3.3
GII SPDR S&P Global Infrastructure ETF 3.2 40 -11 5.2 -1.2
IVEG iShares Emergent Food and AgTech Multisector ETF 3.2 47 -18 8.3 +1.9
DTEC ALPS Disruptive Technologies ETF 3.1 50 -21 3.3 -3.0
FID First Trust S&P International Dividend Aristocrats ETF 3.1 60 -31 10.0 +3.7
GBUY Goldman Sachs Future Consumer Equity ETF 3.1 75 -46 3.1 -3.2
VCLN Virtus Duff & Phelps Clean Energy ETF 3.0 59 -30 3.6 -2.8
TINT ProShares Smart Materials ETF 2.8 58 -29 5.7 -0.7
IDNA iShares Genomics Immunology and Healthcare ETF 2.8 47 -18 -5.2 -11.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.8 68 -39 5.4 -0.9
HJEN Direxion Hydrogen ETF 2.8 45 -16 -3.1 -9.4
HDRO Defiance Next Gen H2 ETF 2.8 30 -1 -10.8 -17.2
IXJ iShares Global Healthcare ETF 2.7 42 -13 6.2 -0.1
HAP VanEck Natural Resources ETF 2.6 50 -21 9.6 +3.3
GDVD R3 Global Dividend Growth ETF 2.6 88 -59 5.9 -0.4
QTUM Defiance Quantum ETF 2.6 40 -11 4.0 -2.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 2.5 56 -27 1.7 -4.6
BLLD JPMorgan Sustainable Infrastructure ETF 2.5 49 -20 6.3 -0.0
FDNI First Trust Dow Jones International Internet ETF 2.4 65 -36 3.0 -3.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.4 72 -43 2.1 -4.2
UFO Procure Space ETF 2.4 75 -46 -4.0 -10.4
WDIV SPDR S&P Global Dividend ETF 2.3 40 -11 10.5 +4.1
FDRR Fidelity Dividend ETF for Rising Rates 2.2 15 14 8.0 +1.7
ROBO ROBO Global Robotics & Automation Index ETF 2.2 95 -66 2.9 -3.5
FTAG First Trust Indxx Global Agriculture ETF 2.1 70 -41 9.1 +2.8
LNGG Roundhill Alerian LNG ETF 2.1 65 -36 8.6 +2.3
IXP iShares Global Comm Services ETF 2.0 42 -13 5.2 -1.1
SYNB Putnam BioRevolution ETF 2.0 70 -41 2.9 -3.4
VERS ProShares Metaverse ETF 2.0 58 -29 -8.3 -14.7
SNSR Global X Internet of Things ETF 1.9 68 -39 4.4 -1.9
CGGR Capital Group Growth ETF 1.9 39 -10 3.4 -2.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.9 46 -17 5.7 -0.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.9 47 -18 0.7 -5.7
CGUS Capital Group Core Equity ETF 1.8 33 -4 4.7 -1.6
GINN Goldman Sachs Innovate Equity ETF 1.8 52 -23 2.7 -3.6
KLDW Knowledge Leaders Developed World ETF 1.7 75 -46 5.0 -1.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.7 75 -46 5.0 -1.4
KNCT Invesco Next Gen Connectivity ETF 1.7 40 -11 5.9 -0.4
IDAT iShares Future Cloud 5G and Tech ETF 1.6 47 -18 4.6 -1.7
ARKX ARK Space Exploration & Innovation ETF 1.6 75 -46 1.8 -4.6
IQM Franklin Intelligent Machines ETF 1.6 50 -21 3.1 -3.2
EFNL iShares MSCI Finland ETF 1.5 56 -27 8.1 +1.8
NXTG First Trust Indxx NextG ETF 1.5 70 -41 6.1 -0.3
JSTC Adasina Social Justice All Cap Global ETF 1.5 89 -60 4.8 -1.5
EWK iShares MSCI Belgium ETF 1.4 50 -21 7.8 +1.5
MEM Matthews Emerging Markets Equity Active ETF 1.4 79 -50 5.9 -0.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 -32 -4.2 -10.5
MVPS Amplify Thematic All-Stars ETF 1.3 49 -20 1.7 -4.7
OGIG ALPS O'Shares Global Internet Giants ETF 1.3 48 -19 0.5 -5.9
DWLD Davis Select Worldwide ETF 1.2 63 -34 5.8 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 9 6.8 +0.5
ARKF ARK Fintech Innovation ETF 1.2 75 -46 -2.2 -8.6
FINX Global X FinTech ETF 1.2 68 -39 3.2 -3.1
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 1.2 75 -46 5.4 -0.9
BPAY BlackRock Future Financial and Technology ETF 1.2 70 -41 8.3 +1.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.2 39 -10 -3.6 -9.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -46 3.2 -3.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 -36 1.6 -4.7
SUPL ProShares Supply Chain Logistics ETF 1.1 58 -29 13.3 +6.9
SEA U.S. Global Sea to Sky Cargo ETF 1.1 60 -31 24.9 +18.5
JETS U.S. Global Jets ETF 1.1 60 -31 -15.6 -21.9
BITQ Bitwise Crypto Industry Innovators ETF 1.0 85 -56 -5.1 -11.4
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.0 85 -56 4.9 -1.4
BCDF Horizon Kinetics Blockchain Development ETF 1.0 85 -56 -0.7 -7.1
BTEK Future Tech ETF 1.0 88 -59 2.1 -4.2
IBUY Amplify Online Retail ETF 1.0 65 -36 1.8 -4.5
DFNL Davis Select Financial ETF 1.0 63 -34 7.1 +0.8
SANE Subversive Mental Health ETF 0.9 75 -46 0.0 -6.3
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.9 18 11 8.0 +1.7
SAGP Strategas Global Policy Opportunities ETF 0.8 65 -36 4.6 -1.8
MOO VanEck Agribusiness ETF 0.8 53 -24 9.4 +3.1
CHAT Roundhill Generative AI & Technology ETF 0.7 75 -46 4.2 -2.2
BUYZ Franklin Disruptive Commerce ETF 0.7 50 -21 2.1 -4.3
FDVV Fidelity High Dividend ETF 0.7 15 14 9.1 +2.8
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 -16 3.4 -3.0
WUGI AXS Esoterica NextG Economy ETF 0.6 75 -46 2.1 -4.2
WDNA WisdomTree BioRevolution Fund 0.5 45 -16 -4.5 -10.9
TRFK Pacer Data and Digital Revolution ETF 0.5 60 -31 4.1 -2.3
IQRA IQ CBRE Real Assets ETF 0.3 65 -36 6.1 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -46 4.7 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -10 6.9 +0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -11 7.2 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 -4 7.3 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 22 7.6 +1.3

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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 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.