Fidelity International Value Factor ETF
ALTAR
Score™		 9.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fidelity International Value Factor ETF tracks a multi-factor index of large- and midcap value stocks from developed markets, ex-US.

FUND BASICS
Category International Equities
Fund Sponsor Fidelity
Website screener.fidelity.com
Inception date Jan 16, 2018
Assets (mns) $297
Currency USD
Expense ratio 18 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 129
Wgt avg mkt cap (mns) $101,084
Large cap (>$10bn) 88.3%
Mid cap ($2-10bn) 10.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNICREDIT S.P.A. 2.0 %
HSBC HOLDINGS PLC 1.9 %
NESTLE SA-REG 1.8 %
SONY CORP 1.8 %
ASML HOLDING NV 1.7 %
BAE SYSTEMS PLC 1.7 %
SBI HOLDINGS INC 1.7 %
MITSUBISHI CORP 1.7 %
ASTRAZENECA PLC 1.7 %
BANCO SANTANDER SA 1.7 %
Total 17.6 %

TOP COUNTRY EXPOSURE
JAPAN 25.7 %
BRITAIN 18.6 %
CANADA 12.3 %
GERMANY 12.1 %
FRANCE 10.2 %
SWITZERLAND 9.2 %
AUSTRALIA 6.2 %
SWEDEN 3.2 %
SPAIN 3.1 %
HONG KONG 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
36.3% 31.1% 12.6% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.63 53%
MSCI EAFE 0.97 91%
MSCI Emg. Mkts. 0.73 59%

Technical Indicators
Recent close $33.00
30d moving avg. $31.87
Annualized volatility 14.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.7%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $9,121

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 452 potential alternatives to the Fidelity International Value Factor ETF ETF based on the alternatives' overlap in portfolio holdings with FIVA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIVA Expense: 18 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIVA
Ticker Fund
Name		 Overlap1
vs FIVA
(%)		 Expense
ratio
(bp)		 Savings
vs FIVA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FIVA
(%)
JIRE JPMorgan International Research Enhanced Equity ETF 39.5 24 -6 6.8 -2.3
DIVI Franklin International Core Dividend Tilt Index ETF 39.3 9 9 7.5 -1.6
DOL WisdomTree International LargeCap Dividend Fund 38.2 48 -30 6.8 -2.3
BBEU JPMorgan BetaBuilders Europe ETF 37.4 9 9 7.0 -2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 37.3 46 -28 6.5 -2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 37.0 25 -7 7.1 -2.0
FENI Fidelity Enhanced International ETF 36.9 28 -10 6.2 -3.0
FLEE Franklin FTSE Europe ETF 36.6 9 9 7.0 -2.1
IVLU iShares MSCI Intl Value Factor ETF 36.2 30 -12 9.6 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.2 36 -18 6.3 -2.8
STXI Strive International Developed Markets ETF 35.6 29 -11 6.3 -2.8
GSID Goldman Sachs MarketBeta International Equity ETF 35.4 20 -2 6.5 -2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 35.1 20 -2 6.6 -2.6
FIDI Fidelity International High Dividend ETF 34.9 18 0 8.0 -1.1
BKIE BNY Mellon International Equity ETF 34.3 4 14 6.6 -2.5
LVHI Franklin International Low Volatility High Dividend Index ET 33.7 40 -22 10.1 +1.0
JHID John Hancock International High Dividend ETF 33.0 46 -28 9.2 +0.1
JHMD John Hancock Multifactor Developed International ETF 32.2 39 -21 7.1 -2.0
IEV iShares Europe ETF 32.0 67 -49 6.6 -2.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 31.5 25 -7 6.9 -2.2
EFV iShares MSCI EAFE Value ETF 31.3 34 -16 8.5 -0.6
EFA iShares MSCI EAFE ETF 30.7 35 -17 6.4 -2.8
VWID Virtus WMC International Dividend ETF 30.5 49 -31 7.9 -1.2
DWM WisdomTree International Equity Fund 30.4 48 -30 6.9 -2.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 30.3 20 -2 6.1 -3.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.2 40 -22 7.0 -2.1
VGK Vanguard FTSE Europe ETF 30.0 6 12 7.2 -1.9
IEUR iShares Core MSCI Europe ETF 30.0 11 7 7.1 -2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 29.6 83 -65 8.9 -0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 29.0 30 -12 6.7 -2.4
SPEU SPDR Portfolio Europe ETF 29.0 7 11 7.1 -2.0
ESGD iShares ESG Aware MSCI EAFE ETF 28.0 20 -2 6.3 -2.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 27.7 20 -2 6.1 -3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 27.6 45 -27 8.3 -0.8
IQSI IQ Candriam International Equity ETF 27.3 15 3 6.2 -2.9
FNDF Schwab Fundamental International Large Co. Index ETF 26.8 25 -7 8.9 -0.2
IEFA iShares Core MSCI EAFE ETF 26.5 7 11 6.7 -2.4
FDEV Fidelity International Multifactor ETF 26.0 18 0 7.4 -1.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 25.8 35 -17 6.2 -2.9
QINT American Century Quality Diversified International ETF 25.8 39 -21 6.8 -2.3
JIVE JPMorgan International Value ETF 25.6 55 -37 10.7 +1.6
INTF iShares International Equity Factor ETF 25.5 15 3 7.3 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 24.9 4 14 6.6 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.4 41 -23 7.1 -2.0
VYMI Vanguard International High Dividend Yield ETF 24.3 17 1 9.0 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 24.1 18 0 7.3 -1.8
DTH WisdomTree International High Dividend Fund 24.0 58 -40 7.9 -1.2
SCHF Schwab International Equity ETF 23.8 6 12 6.8 -2.3
IQDF FlexShares International Quality Dividend Index Fund 23.7 47 -29 8.4 -0.8
VEA Vanguard FTSE Developed Markets ETF 23.6 3 15 6.8 -2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.5 14 4 5.9 -3.2
SPDW SPDR Portfolio Developed World ex-US ETF 23.4 3 15 6.7 -2.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.8 45 -27 6.8 -2.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 22.7 12 6 5.7 -3.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 22.7 65 -47 10.6 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 22.5 39 -21 7.5 -1.6
IMTM iShares MSCI Intl Momentum Factor ETF 22.5 30 -12 5.2 -4.0
EZU iShares MSCI Eurozone ETF 22.3 52 -34 6.4 -2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.1 29 -11 7.4 -1.7
RFEU First Trust Riverfront Dynamic Europe ETF 22.0 83 -65 10.0 +0.8
CWI SPDR MSCI ACWI ex-US ETF 21.8 30 -12 7.3 -1.8
IQLT iShares MSCI Intl Quality Factor ETF 21.4 30 -12 6.1 -3.1
FEZ SPDR EURO STOXX 50 ETF 21.3 29 -11 6.4 -2.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 21.1 32 -14 5.9 -3.2
CGIE Capital Group International Equity ETF 21.1 54 -36 4.9 -4.3
IMFL Invesco International Developed Dynamic Multifactor ETF 20.7 34 -16 5.8 -3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 20.5 31 -13 5.9 -3.2
DFAI Dimensional International Core Equity Market ETF 20.3 18 0 6.7 -2.4
DFIV Dimensional International Value ETF 20.1 27 -9 8.9 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 20.1 34 -16 7.3 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 19.9 60 -42 10.3 +1.2
EFG iShares MSCI EAFE Growth ETF 19.8 36 -18 4.1 -5.0
EWJV iShares MSCI Japan Value ETF 19.5 15 3 7.8 -1.3
RODE Hartford Multifactor Diversified International ETF 19.4 29 -11 10.3 +1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 19.4 58 -40 6.6 -2.5
IDMO Invesco S&P International Developed Momentum ETF 19.2 25 -7 5.7 -3.4
PATN Pacer Nasdaq International Patent Leaders ETF 19.2 65 -47 5.4 -3.8
CIL VictoryShares International Volatility Wtd ETF 18.9 45 -27 6.4 -2.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.7 25 -7 6.1 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 18.7 4 14 7.6 -1.5
DTAN Sparkline International Intangible Value ETF 18.6 55 -37 8.1 -1.0
OEFA ALPS O’Shares International Developed Quality Dividend ETF 18.5 48 -30 5.3 -3.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.2 47 -29 7.7 -1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.1 9 9 8.9 -0.2
DWMF WisdomTree International Multifactor Fund 18.1 38 -20 7.0 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.0 39 -21 6.4 -2.7
IDHQ Invesco S&P International Developed High Quality ETF 17.9 29 -11 6.3 -2.8
UIVM VictoryShares International Value Momentum ETF 17.7 35 -17 8.4 -0.7
FEP First Trust Europe AlphaDEX Fund 17.6 80 -62 7.9 -1.2
DGT State Street SPDR Global Dow ETF 17.5 50 -32 6.6 -2.6
UMMA Wahed Dow Jones Islamic World ETF 17.4 65 -47 4.8 -4.4
IXUS iShares Core MSCI Total International Stock ETF 17.3 7 11 7.5 -1.6
VXUS Vanguard Total International Stock ETF 17.2 5 13 7.6 -1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 17.2 37 -19 7.8 -1.4
AVIV Avantis International Large Cap Value ETF 17.2 25 -7 8.2 -0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 17.1 22 -4 5.8 -3.3
DIHP Dimensional International High Profitability ETF 17.0 29 -11 6.5 -2.6
DMXF iShares ESG Advanced MSCI EAFE ETF 16.9 12 6 5.4 -3.8
VSGX Vanguard ESG International Stock ETF 16.7 10 8 7.5 -1.6
IGRO iShares International Dividend Growth ETF 16.4 15 3 6.9 -2.2
JPXN iShares JPX-Nikkei 400 ETF 16.2 48 -30 6.1 -3.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 16.1 47 -29 5.6 -3.5
BBJP JPMorgan BetaBuilders Japan ETF 16.0 19 -1 6.0 -3.1
IPAC iShares Core MSCI Pacific ETF 16.0 9 9 6.0 -3.1
ESGG FlexShares STOXX Global ESG Select Index Fund 15.9 42 -24 5.2 -3.9
WRND IQ Global Equity R&D Leaders ETF 15.8 18 0 7.5 -1.6
FLGB Franklin FTSE United Kingdom ETF 15.7 9 9 7.2 -1.9
EUFN iShares MSCI Europe Financials ETF 15.6 51 -33 7.7 -1.4
CGXU Capital Group International Focus Equity ETF 15.5 54 -36 5.3 -3.8
PPIE Putnam PanAgora ESG International Equity ETF 15.4 49 -31 7.1 -2.0
DXJ WisdomTree Japan Hedged Equity Fund 15.1 48 -30 6.6 -2.5
EWJ iShares MSCI Japan ETF 15.1 50 -32 5.5 -3.6
FEUZ First Trust Eurozone AlphaDEX ETF 14.9 80 -62 7.5 -1.7
OSEA Harbor International Compounders ETF 14.8 55 -37 4.8 -4.3
FLJP Franklin FTSE Japan ETF 14.7 9 9 5.7 -3.4
FLJH Franklin FTSE Japan Hedged ETF 14.7 9 9 5.7 -3.4
AVSD Avantis Responsible International Equity ETF 14.7 23 -5 5.1 -4.0
AVDE Avantis International Equity ETF 14.6 23 -5 7.0 -2.1
VPL Vanguard FTSE Pacific ETF 14.4 7 11 6.3 -2.8
VIGI Vanguard International Dividend Appreciation ETF 14.3 10 8 6.3 -2.8
IDOG ALPS International Sector Dividend Dogs ETF 14.2 50 -32 11.4 +2.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 13.8 65 -47 8.0 -1.2
EWU iShares MSCI United Kingdom ETF 13.8 50 -32 7.8 -1.4
DEW WisdomTree Global High Dividend Fund 13.8 58 -40 8.2 -1.0
FICS First Trust International Developed Capital Strength ETF 13.8 70 -52 7.3 -1.8
SCHY Schwab International Dividend Equity ETF 13.5 14 4 9.6 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.4 58 -40 6.8 -2.4
IQDG WisdomTree International Quality Dividend Growth Fund 13.4 42 -24 6.8 -2.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.2 50 -32 5.8 -3.3
INEQ Columbia International Equity Income ETF 13.1 45 -27 7.5 -1.6
CGGO Capital Group Global Growth Equity ETF 12.7 47 -29 4.4 -4.7
CGDG Capital Group Dividend Growers ETF 12.5 47 -29 6.0 -3.2
DFIC Dimensional International Core Equity 2 ETF 12.4 23 -5 7.1 -2.1
DFSI Dimensional International Sustainability Core 1 ETF 12.3 24 -6 6.1 -3.0
EWG iShares MSCI Germany ETF 11.8 50 -32 6.6 -2.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 11.8 80 -62 8.4 -0.7
FLGR Franklin FTSE Germany ETF 11.8 9 9 7.2 -1.9
FKU First Trust United Kingdom AlphaDEX Fund 11.8 80 -62 7.6 -1.5
IXG iShares Global Financials ETF 11.7 42 -24 6.5 -2.6
EUDV ProShares MSCI Europe Dividend Growers ETF 11.7 55 -37 6.1 -3.0
IDV iShares International Select Dividend ETF 11.6 51 -33 10.2 +1.1
DAX Global X DAX Germany ETF 11.5 21 -3 7.1 -2.1
TPIF Timothy Plan International ETF 11.4 62 -44 6.0 -3.1
IPKW Invesco International BuyBack Achievers ETF 11.3 55 -37 8.8 -0.4
HEDJ WisdomTree Europe Hedged Equity Fund 11.2 58 -40 6.4 -2.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 11.0 65 -47 4.6 -4.6
IOO iShares Global 100 ETF 10.6 41 -23 4.6 -4.6
QWLD SPDR MSCI World StrategicFactors ETF 10.6 30 -12 5.7 -3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 10.5 24 -6 7.1 -2.0
IDLV Invesco S&P International Developed Low Volatility ETF 10.5 25 -7 6.5 -2.6
BBCA JPMorgan BetaBuilders Canada ETF 10.2 19 -1 6.1 -3.0
KNO AXS Knowledge Leaders ETF 10.1 78 -60 5.6 -3.5
FJP First Trust Japan AlphaDEX Fund 10.1 80 -62 7.9 -1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.9 80 -62 5.9 -3.3
ICPY Tweedy, Browne International Insider Value ETF 9.8 80 -62 11.4 +2.3
GEW Cambria Global EW ETF 9.7 29 -11 5.9 -3.2
BKCI BNY Mellon Concentrated International ETF 9.7 80 -62 5.1 -4.0
TTAI FCF International Quality ETF 9.7 59 -41 7.4 -1.7
FEOE First Eagle Overseas Equity ETF 9.6 79 -61 6.8 -2.3
DXIV Dimensional International Vector Equity ETF 9.6 34 -16 7.4 -1.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 9.6 46 -28 9.4 +0.3
EPP iShares MSCI Pacific ex-Japan ETF 9.4 47 -29 5.2 -3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 9.4 9 9 5.1 -4.0
JGLO JPMorgan Global Select Equity ETF 9.3 33 -15 5.0 -4.1
FLCA Franklin FTSE Canada ETF 9.3 9 9 6.2 -2.9
FYLD Cambria Foreign Shareholder Yield ETF 9.3 59 -41 11.1 +2.0
AGQI First Trust Active Global Quality Income ETF 9.2 85 -67 5.2 -4.0
EWQ iShares MSCI France ETF 9.1 53 -35 6.8 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 8.8 55 -37 7.6 -1.5
JIG JPMorgan International Growth ETF 8.7 55 -37 4.7 -4.4
WWJD Inspire International ETF 8.6 80 -62 7.1 -2.0
AIVI WisdomTree International AI Enhanced Value Fund 8.6 58 -40 6.7 -2.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.6 19 -1 5.5 -3.7
VIDI Vident International Equity Strategy ETF 8.5 61 -43 10.3 +1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.4 56 -38 10.6 +1.5
FLSW Franklin FTSE Switzerland ETF 8.2 9 9 6.1 -3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.2 30 -12 7.4 -1.7
DWX SPDR S&P International Dividend ETF 8.1 45 -27 7.2 -1.9
FGM First Trust Germany AlphaDEX Fund 8.1 80 -62 6.8 -2.3
KLMT Invesco MSCI Global Climate 500 ETF 8.1 10 8 5.6 -3.6
GNR SPDR S&P Global Natural Resources ETF 8.0 40 -22 10.2 +1.1
URTH iShares MSCI World ETF 8.0 24 -6 4.9 -4.2
WLDR Affinity World Leaders Equity ETF 7.9 67 -49 7.2 -2.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 7.8 45 -27 1.7 -7.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.8 80 -62 4.2 -4.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 7.7 25 -7 6.0 -3.1
ITOL Tema International Durable Quality ETF 7.6 60 -42 5.7 -3.4
FEGE First Eagle Global Equity ETF 7.5 79 -61 6.5 -2.7
IXJ iShares Global Healthcare ETF 7.3 42 -24 6.6 -2.5
TOK iShares MSCI Kokusai ETF 7.2 26 -8 4.9 -4.2
COPY Tweedy, Browne Insider + Value ETF 7.2 80 -62 11.6 +2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.2 9 9 5.5 -3.6
EXI iShares Global Industrials ETF 7.1 42 -24 4.4 -4.8
ACWI iShares MSCI ACWI ETF 7.1 32 -14 5.3 -3.8
FID First Trust S&P International Dividend Aristocrats ETF 7.0 60 -42 7.7 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.0 42 -24 6.6 -2.6
CLNR IQ Cleaner Transport ETF 6.9 45 -27 5.2 -3.9
OAIM OneAscent International Equity ETF 6.9 95 -77 5.4 -3.8
RAYD Rayliant Quantitative Developed Market Equity ETF 6.7 80 -62 4.5 -4.6
KOCG FIS Knights of Columbus Global Belief ETF 6.7 75 -57 4.9 -4.2
EWC iShares MSCI Canada ETF 6.6 50 -32 5.8 -3.3
RXI iShares Global Consumer Discretionary ETF 6.5 41 -23 8.3 -0.8
JDOC JPMorgan Healthcare Leaders ETF 6.4 65 -47 3.8 -5.3
CZAR Themes Natural Monopoly ETF 6.4 35 -17 5.6 -3.6
IVAL Alpha Architect International Quantitative Value ETF 6.4 49 -31 9.9 +0.8
BINV Brandes International ETF 6.4 70 -52 9.2 +0.1
VT Vanguard Total World Stock ETF 6.3 6 12 5.7 -3.4
WDIV SPDR S&P Global Dividend ETF 6.3 40 -22 8.9 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.2 20 -2 5.3 -3.8
FLAU Franklin FTSE Australia ETF 6.2 9 9 6.3 -2.9
EWA iShares MSCI Australia ETF 6.2 50 -32 5.8 -3.3
GLOF iShares Global Equity Factor ETF 6.2 20 -2 6.6 -2.5
MOTG VanEck Morningstar Global Wide Moat ETF 6.0 52 -34 8.8 -0.3
EWL iShares MSCI Switzerland ETF 5.8 50 -32 6.0 -3.1
GVAL Cambria Global Value ETF 5.7 68 -50 10.4 +1.3
HART IQ Healthy Hearts ETF 5.7 45 -27 6.0 -3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 5.7 39 -21 10.6 +1.5
DIVS SmartETFs Dividend Builder ETF 5.5 65 -47 5.0 -4.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 5.4 60 -42 4.0 -5.1
KXI iShares Global Consumer Staples ETF 5.4 41 -23 5.7 -3.4
XT iShares Exponential Technologies ETF 5.4 46 -28 4.5 -4.6
NXTG First Trust Indxx NextG ETF 5.4 70 -52 4.9 -4.2
GSIB Themes Global Systemically Important Banks ETF 5.4 35 -17 9.0 -0.1
MXI iShares Global Materials ETF 5.0 41 -23 7.2 -1.9
RCGE RockCreek Global Equality ETF 5.0 95 -77 6.6 -2.5
GINN Goldman Sachs Innovate Equity ETF 4.9 52 -34 3.6 -5.5
MOTO SmartETFs Smart Transportation & Technology ETF 4.9 68 -50 6.4 -2.7
OCEN IQ Clean Oceans ETF 4.8 45 -27 5.3 -3.8
CRTC Xtrackers US National Critical Technologies ETF 4.8 35 -17 4.7 -4.4
TEMP JPMorgan Climate Change Solutions ETF 4.8 49 -31 5.8 -3.3
FDD First Trust Stoxx European Select Dividend Index Fund 4.7 58 -40 11.0 +1.9
IMOM Alpha Architect International Quantitative Momentum ETF 4.6 49 -31 4.7 -4.4
BLES Inspire Global Hope ETF 4.6 61 -43 6.8 -2.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.6 12 6 4.9 -4.2
DIM WisdomTree International MidCap Dividend Fund 4.4 58 -40 7.2 -2.0
IXN iShares Global Tech ETF 4.4 41 -23 3.5 -5.6
DVYA iShares Asia/Pacific Dividend ETF 4.4 49 -31 7.3 -1.8
FSZ First Trust Switzerland AlphaDEX Fund 4.3 80 -62 6.3 -2.8
IXC iShares Global Energy ETF 4.3 44 -26 9.8 +0.7
SAGP Strategas Global Policy Opportunities ETF 4.2 65 -47 5.5 -3.6
HRTS Tema Heart & Health ETF 4.2 75 -57 2.2 -6.9
ACWV iShares MSCI Global Min Vol Factor ETF 4.1 20 -2 5.7 -3.4
GLBL Pacer MSCI World Industry Advantage ETF 4.0 65 -47 4.1 -5.0
RGEF Rockefeller Global Equity ETF 4.0 55 -37 4.6 -4.5
CARZ First Trust NASDAQ Global Auto Index Fund 3.8 70 -52 4.0 -5.1
HAP VanEck Natural Resources ETF 3.8 50 -32 8.7 -0.4
RAYJ Rayliant SMDAM Japan Equity ETF 3.7 72 -54 3.6 -5.6
IDNA iShares Genomics Immunology and Healthcare ETF 3.7 47 -29 -2.6 -11.7
MOTI VanEck Morningstar International Moat ETF 3.6 58 -40 10.5 +1.4
PID Invesco International Dividend Achievers ETF 3.6 53 -35 5.1 -4.0
DRIV Global X Autonomous & Electric Vehicles ETF 3.5 68 -50 4.7 -4.4
IPAV Global X Infrastructure Development ex-U.S. ETF 3.5 55 -37 6.5 -2.6
ION ProShares S&P Global Core Battery Metals ETF 3.5 58 -40 7.3 -1.8
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 -31 5.1 -4.0
IXP iShares Global Comm Services ETF 3.3 42 -24 5.7 -3.4
FDTX Fidelity Disruptive Technology ETF 3.3 50 -32 2.6 -6.5
GDOC Goldman Sachs Future Health Care Equity ETF 3.3 75 -57 2.6 -6.5
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 -21 8.3 -0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.2 47 -29 5.8 -3.3
SHPP Pacer Industrials and Logistics ETF 3.2 60 -42 8.3 -0.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.2 68 -50 6.4 -2.7
CANC Tema Oncology ETF 3.1 75 -57 -2.3 -11.5
EFAS Global X MSCI SuperDividend EAFE ETF 3.1 57 -39 8.4 -0.8
EWP iShares MSCI Spain ETF 3.1 50 -32 6.6 -2.5
QTUM Defiance Quantum ETF 3.1 40 -22 5.0 -4.1
FLHK Franklin FTSE Hong Kong ETF 3.1 9 9 4.3 -4.9
EWH iShares MSCI Hong Kong ETF 3.1 50 -32 5.1 -4.0
EV Mast Global Battery Recycling & Production ETF 3.1 65 -47 7.6 -1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.0 58 -40 4.4 -4.8
JXI iShares Global Utilities ETF 3.0 43 -25 5.6 -3.5
GINX SGI Enhanced Global Income ETF 2.9 98 -80 7.9 -1.2
AGNG Global X Aging Population ETF 2.9 50 -32 4.5 -4.6
FDRR Fidelity Dividend ETF for Rising Rates 2.9 15 3 6.8 -2.4
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -71 4.8 -4.3
PCGG Polen Capital Global Growth ETF 2.6 85 -67 4.2 -4.9
ROBO ROBO Global Robotics & Automation Index ETF 2.6 95 -77 3.1 -6.0
CGUS Capital Group Core Equity ETF 2.6 33 -15 4.4 -4.7
CGDV Capital Group Dividend Value ETF 2.6 33 -15 4.6 -4.6
KNCT Invesco Next Gen Connectivity ETF 2.5 40 -22 4.6 -4.5
EWN iShares MSCI Netherlands ETF 2.5 50 -32 5.3 -3.8
MBOX Freedom Day Dividend ETF 2.5 39 -21 7.7 -1.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.5 65 -47 1.9 -7.2
AIRL Themes Airlines ETF 2.3 35 -17 2.2 -6.9
COPX Global X Copper Miners ETF 2.2 65 -47 5.6 -3.5
ICOP iShares Copper and Metals Mining ETF 2.2 47 -29 7.4 -1.7
COPA Themes Copper Miners ETF 2.2 35 -17 4.4 -4.7
AIQ Global X Artificial Intelligence & Technology ETF 2.2 68 -50 3.6 -5.5
EDEN iShares MSCI Denmark ETF 2.2 53 -35 6.2 -2.9
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 -27 5.3 -3.9
DINT Davis Select International ETF 2.1 55 -37 7.8 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.1 12 6 8.2 -0.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.1 61 -43 2.0 -7.1
EWI iShares MSCI Italy ETF 2.0 50 -32 10.7 +1.6
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 -1 8.5 -0.6
VRAI Virtus Real Asset Income ETF 1.9 55 -37 10.0 +0.9
IQRA IQ CBRE Real Assets ETF 1.9 65 -47 5.7 -3.4
BMED Future Health ETF 1.9 85 -67 0.2 -8.9
JETS U.S. Global Jets ETF 1.9 60 -42 2.8 -6.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 -52 8.5 -0.6
PAWZ ProShares Pet Care ETF 1.8 50 -32 3.8 -5.3
EWD iShares MSCI Sweden ETF 1.8 54 -36 5.2 -3.9
ARVR First Trust Indxx Metaverse ETF 1.8 70 -52 3.9 -5.2
BNGE First Trust S-Network Streaming and Gaming ETF 1.8 70 -52 2.6 -6.5
IVRS iShares Future Metaverse Tech and Communications ETF 1.8 47 -29 3.1 -6.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.8 75 -57 3.5 -5.7
METV Roundhill Ball Metaverse ETF 1.8 59 -41 9.0 -0.1
IVES Wedbush ETFMG Global Cloud Technology ETF 1.7 68 -50 6.0 -3.1
TINY ProShares Nanotechnology ETF 1.7 58 -40 3.5 -5.6
LOUP Innovator Deepwater Frontier Tech ETF 1.7 70 -52 1.0 -8.1
AIVC Amplify Bloomberg AI Value Chain ETF 1.7 59 -41 5.7 -3.4
AIA iShares Asia 50 ETF 1.7 50 -32 12.8 +3.7
SHLD Global X Defense Tech ETF 1.7 50 -32 3.3 -5.8
NATO Themes Transatlantic Defense ETF 1.7 35 -17 2.3 -6.9
GDFN Tema International Defense Innov ETF 1.7 75 -57 3.3 -5.8
BLOK Amplify Transformational Data Sharing ETF 1.7 75 -57 0.5 -8.7
GNOM Global X Genomics & Biotechnology ETF 1.7 50 -32 -3.2 -12.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.7 46 -28 5.6 -3.5
TOKE Cambria Cannabis ETF 1.7 42 -24 2.1 -7.0
AFK VanEck Africa Index ETF 1.6 98 -80 14.0 +4.9
GDX VanEck Gold Miners ETF 1.6 51 -33 3.6 -5.6
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 -57 4.4 -4.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 -41 4.0 -5.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.6 85 -67 3.4 -5.7
DISV Dimensional International Small Cap Value ETF 1.6 42 -24 8.9 -0.2
IBOT Vaneck Robotics ETF 1.6 47 -29 3.9 -5.2
SUPL ProShares Supply Chain Logistics ETF 1.6 58 -40 10.2 +1.1
CLOD Themes Cloud Computing ETF 1.6 35 -17 3.4 -5.7
JADE JPMorgan Active Developing Markets Equity ETF 1.5 65 -47 7.7 -1.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.5 68 -50 1.9 -7.2
WDNA WisdomTree BioRevolution Fund 1.5 45 -27 -1.9 -11.0
FBOT Fidelity Disruptive Automation ETF 1.5 50 -32 3.4 -5.8
PRNT 3D Printing ETF 1.5 66 -48 1.8 -7.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 -40 8.4 -0.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -57 7.2 -2.0
FAN First Trust Global Wind Energy ETF 1.4 60 -42 4.3 -4.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.3 10 8 6.7 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -60 9.0 -0.1
GVLU Gotham 1000 Value ETF 1.3 50 -32 9.0 -0.1
LST Leuthold Select Industries ETF 1.3 91 -73 5.7 -3.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.3 33 -15 9.4 +0.3
URA Global X Uranium ETF 1.3 69 -51 1.0 -8.1
BATT Amplify Lithium & Battery Technology ETF 1.3 59 -41 1.9 -7.2
AVRE Avantis Real Estate ETF 1.3 17 1 7.4 -1.8
IFGL iShares International Developed Real Estate ETF 1.3 48 -30 6.9 -2.2
RWX SPDR Dow Jones International Real Estate ETF 1.3 59 -41 6.8 -2.3
BLDG Cambria Global Real Estate ETF 1.3 60 -42 11.3 +2.2
FRNW Fidelity Clean Energy ETF 1.3 39 -21 2.3 -6.8
QUVU Hartford Quality Value ETF 1.2 46 -28 7.4 -1.7
DWLD Davis Select Worldwide ETF 1.2 63 -45 7.2 -1.9
BWEB Bitwise Web3 ETF 1.2 85 -67 -0.0 -9.1
FINE Themes European Luxury ETF 1.2 35 -17 6.6 -2.5
AKRE Akre Focus ETF 1.2 106 -88 4.0 -5.1
DMAT Global X Disruptive Materials ETF 1.2 59 -41 6.8 -2.4
DFIS Dimensional International Small Cap ETF 1.2 39 -21 7.0 -2.1
AADR AdvisorShares Dorsey Wright ADR ETF 1.2 110 -92 4.9 -4.3
FFND Future Fund Active ETF 1.2 100 -82 3.8 -5.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.2 80 -62 9.4 +0.3
CGV Conductor Global Equity Value ETF 1.1 130 -112 7.7 -1.4
HUMN Roundhill Humanoid Robotics ETF 1.1 75 -57 1.1 -8.0
ISCF iShares International SmallCap Equity Factor ETF 1.1 23 -5 8.1 -1.0
ISHP First Trust Nasdaq Retail ETF 1.1 60 -42 5.7 -3.4
BOAT SonicShares Global Shipping ETF 1.1 69 -51 26.2 +17.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.1 48 -30 2.2 -6.9
RWO SPDR Dow Jones Global Real Estate ETF 1.0 50 -32 7.0 -2.1
FPAG FPA Global Equity ETF 1.0 49 -31 5.6 -3.5
GMET VanEck Green Metals ETF 1.0 63 -45 7.2 -1.9
TIIV AAM Todd International Intrinsic Value ETF 1.0 54 -36 11.1 +2.0
IGE iShares North American Natural Resources ETF 1.0 41 -23 7.3 -1.8
NDIV Amplify Natural Resources Dividend Income ETF 1.0 59 -41 14.5 +5.4
SWP SWP Growth & Income ETF 1.0 99 -81 4.1 -5.0
ERET iShares Environmentally Aware Real Estate ETF 0.9 30 -12 7.3 -1.8
EIPX FT Energy Income Partners Strategy ETF 0.9 95 -77 7.8 -1.3
NANR SPDR S&P North American Natural Resources ETF 0.9 35 -17 7.9 -1.2
NVIR Horizon Kinetics Energy and Remediation ETF 0.9 85 -67 6.5 -2.7
TOLL Tema Durable Quality ETF 0.9 75 -57 5.1 -4.1
DFGR Dimensional Global Real Estate ETF 0.9 22 -4 7.8 -1.3
REET iShares Global REIT ETF 0.9 14 4 7.6 -1.5
CZA Invesco Zacks Mid-Cap ETF 0.9 72 -54 7.5 -1.7
BULD Pacer BlueStar Engineering the Future ETF 0.9 60 -42 0.4 -8.8
RVRB Reverb ETF 0.8 30 -12 4.5 -4.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -27 7.9 -1.2
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -44 3.4 -5.8
VGSR Vert Global Sustainable Real Estate ETF 0.8 47 -29 7.7 -1.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.8 72 -54 -1.3 -10.4
LIT Global X Lithium & Battery Tech ETF 0.8 75 -57 6.6 -2.5
SCJ iShares MSCI Japan Small-Cap ETF 0.7 50 -32 6.4 -2.7
STCE Schwab Crypto Thematic ETF 0.7 30 -12 3.2 -5.9
ARTY iShares Future AI & Tech ETF 0.7 47 -29 3.5 -5.6
APIE ActivePassive International Equity ETF 0.7 45 -27 7.1 -2.1
SNSR Global X Internet of Things ETF 0.7 68 -50 4.7 -4.4
KLMN Invesco MSCI North America Climate ETF 0.7 9 9 5.0 -4.1
ASEA Global X FTSE Southeast Asia ETF 0.7 65 -47 6.1 -3.0
FTAG First Trust Indxx Global Agriculture ETF 0.7 70 -52 8.4 -0.7
MOO VanEck Agribusiness ETF 0.7 53 -35 10.6 +1.5
EWS iShares MSCI Singapore ETF 0.7 50 -32 4.4 -4.7
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 -21 9.0 -0.1
AKAF The Frontier Economic Fund 0.6 20 -2 6.3 -2.8
CIBR First Trust NASDAQ Cybersecurity ETF 0.6 60 -42 4.1 -5.0
FDVV Fidelity High Dividend ETF 0.6 15 3 7.6 -1.5
FBCV Fidelity Blue Chip Value ETF 0.6 59 -41 7.3 -1.8
CGGR Capital Group Growth ETF 0.6 39 -21 3.4 -5.7
FDCF Fidelity Disruptive Communications ETF 0.6 50 -32 3.9 -5.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.5 45 -27 1.6 -7.6
SCHC Schwab International Small-Cap Equity ETF 0.5 11 7 7.3 -1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 -32 10.3 +1.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 -41 7.7 -1.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 -21 -1.3 -10.4
IQM Franklin Intelligent Machines ETF 0.5 50 -32 2.0 -7.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -61 5.0 -4.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 -20 4.5 -4.6
SRET Global X SuperDividend REIT ETF 0.5 59 -41 12.3 +3.1
POW VistaShares Electrification Supercycle ETF 0.4 75 -57 3.4 -5.7
TRFK Pacer Data and Digital Revolution ETF 0.4 60 -42 3.1 -6.1
FVD First Trust Value Line Dividend Index Fund 0.4 65 -47 6.3 -2.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -22 6.8 -2.3
FPWR First Trust EIP Power Solutions ETF 0.4 96 -78 4.9 -4.2
AVDV Avantis International Small Cap Value ETF 0.4 36 -18 8.7 -0.5
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 -24 7.3 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 3 7.5 -1.6
RUNN Running Oak Efficient Growth ETF 0.4 58 -40 5.1 -4.0
BKWO BNY Mellon Women's Opportunities ETF 0.4 50 -32 3.9 -5.3
MDEV First Trust Indxx Medical Devices ETF 0.4 70 -52 4.7 -4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 10 7.1 -2.0
AVDS Avantis International Small Cap Equity ETF 0.4 30 -12 6.7 -2.5
TRFM AAM Transformers ETF 0.3 49 -31 1.2 -7.9
QQQS Invesco NASDAQ Future Gen 200 ETF 0.3 20 -2 -4.4 -13.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -31 6.8 -2.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 -7 10.9 +1.8
LRGE ClearBridge Large Cap Growth ESG ETF 0.3 59 -41 4.2 -4.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 -21 15.5 +6.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -21 5.7 -3.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 -31 14.9 +5.8
FCLD Fidelity Cloud Computing ETF 0.2 39 -21 3.5 -5.6
EIS iShares MSCI Israel ETF 0.2 58 -40 7.6 -1.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -62 10.7 +1.6
IGPT Invesco AI and Next Gen Software ETF 0.2 60 -42 4.4 -4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 -18 9.2 +0.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 3 9.6 +0.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 7 9.3 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -41 8.5 -0.6
PNQI Invesco NASDAQ Internet ETF 0.1 60 -42 3.7 -5.5
BUZZ VanEck Social Sentiment ETF 0.1 75 -57 -0.8 -9.9
IBLC iShares Blockchain and Tech ETF 0.1 47 -29 -1.5 -10.6
STXV Strive 1000 Value ETF 0.1 18 0 8.1 -1.0
FSST Fidelity Sustainable U.S. Equity ETF 0.1 59 -41 4.3 -4.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 -2 3.0 -6.1
OSCV Opus Small Cap Value ETF 0.1 79 -61 7.1 -2.1
AMID Argent Mid Cap ETF Argent Mid Cap ETF 0.1 52 -34 6.3 -2.9
ALIL Argent Focused Small Cap ETF 0.1 74 -56 6.6 -2.5
EBI Longview Advantage ETF 0.1 35 -17 6.7 -2.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 -3 3.7 -5.4
STRV Strive 500 ETF 0.0 5 13 4.8 -4.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Value Factor 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 11.9 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.64
 
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.