Fidelity International Value Factor ETF
ALTAR
Score™		 11.3% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 9.2x P/Sales
ratio		 0.5x
P/BV
ratio		 0.9x Div.
yield		 4.3%


  • 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) $44
Currency USD
Expense ratio 39 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 107
Wgt avg mkt cap (mns) $14,571
Large cap (>$10bn) 21.6%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 1.9 %
SANOFI-AVENTIS 1.7 %
JAPAN TOBACCO INC 1.5 %
SHELL PLC 1.5 %
ROCHE HOLDING LTD 1.4 %
DEUTSCHE POST AG-REG 1.4 %
NOVARTIS AG 1.4 %
SONY CORP 1.4 %
ROYAL AHOLD DELHAIZE N.V. 1.3 %
DEUTSCHE TELEKOM AG 1.3 %
Total 14.8 %

TOP COUNTRY EXPOSURE
JAPAN 22.5 %
BRITAIN 13.5 %
FRANCE 12.5 %
GERMANY 11.0 %
CANADA 10.6 %
NETHERLANDS 6.5 %
SWITZERLAND 5.9 %
AUSTRALIA 5.4 %
SWEDEN 3.9 %
HONG KONG 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% -1.0% 2.2% -- 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.88 69%
MSCI EAFE 1.05 94%
MSCI Emg. Mkts. 0.77 60%

Technical Indicators
Recent close $21.97
30d moving avg. $22.41
Annualized volatility 22.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.8%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $10,261

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 399 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: 39 bp ALTAR Score™: 11.3%


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
(%)
IVLU iShares Edge MSCI Intl Value Factor ETF 40.9 30 9 12.1 +0.9
EFV iShares MSCI EAFE Value ETF 33.0 35 4 10.3 -1.0
DOL WisdomTree International LargeCap Dividend Fund 31.6 48 -9 9.6 -1.7
IQIN IQ 500 International ETF 30.0 25 14 8.7 -2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 29.8 45 -6 9.2 -2.1
BKIE BNY Mellon International Equity ETF 29.7 4 35 8.4 -2.9
RDMX SPDR Bloomberg SASB Developed Markets EX US ESG Select ETF 29.3 12 27 7.6 -3.7
JIDA JPMorgan ActiveBuilders International Equity ETF 29.1 25 14 7.6 -3.7
IEV iShares Europe ETF 28.4 58 -19 7.4 -3.9
VYMI Vanguard International High Dividend Yield ETF 28.1 22 17 11.3 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 28.0 25 14 9.6 -1.7
FDEV Fidelity Targeted International Factor ETF 27.8 39 0 7.9 -3.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 27.4 25 14 8.2 -3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 27.3 46 -7 7.7 -3.5
EFA iShares MSCI EAFE ETF 27.2 32 7 7.7 -3.6
FLEH Franklin FTSE Europe Hedged ETF 27.2 9 30 8.2 -3.1
JIRE JPMorgan International Research Enhanced Equity ETF 27.2 24 15 7.8 -3.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 27.2 35 4 7.8 -3.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.2 40 -1 9.6 -1.7
BBEU JPMorgan BetaBuilders Europe ETF 27.1 9 30 8.0 -3.3
FLEE Franklin FTSE Europe ETF 26.9 9 30 8.0 -3.3
PXUS Principal International Adaptive Multi-Factor ETF 26.9 24 15 7.7 -3.6
DWM WisdomTree International Equity Fund 26.6 48 -9 9.4 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 26.6 20 19 7.9 -3.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 26.1 20 19 7.2 -4.1
QEFA SPDR MSCI EAFE Quality Mix ETF 26.1 30 9 7.8 -3.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.0 30 9 8.5 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.8 25 14 8.9 -2.3
IEUR iShares Core MSCI Europe ETF 25.7 9 30 7.7 -3.6
JHMD John Hancock Multifactor Developed International ETF 25.5 39 0 8.6 -2.7
IQSI IQ Candriam ESG International Equity ETF 25.3 15 24 7.8 -3.5
VGK Vanguard FTSE Europe ETF 25.0 8 31 7.8 -3.4
HFXI IQ 50 Percent Hedged FTSE International ETF 25.0 20 19 8.1 -3.2
FIDI Fidelity International High Dividend ETF 24.9 39 0 13.2 +1.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 24.6 35 4 7.8 -3.5
ESGD iShares MSCI EAFE ESG Optimized ETF 24.6 20 19 7.5 -3.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 24.4 39 0 9.0 -2.2
INTF iShares Edge MSCI Multifactor Intl ETF 24.3 15 24 9.1 -2.1
SPEU SPDR Portfolio Europe ETF 24.3 9 30 7.6 -3.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 24.3 7 32 8.0 -3.3
SCHF Schwab International Equity ETF 24.2 6 33 8.2 -3.1
VWID Virtus WMC International Dividend ETF 23.6 49 -10 10.3 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.5 20 19 7.4 -3.9
IDEV iShares Core MSCI International Developed Markets ETF 23.4 4 35 7.8 -3.5
IEFA iShares Core MSCI EAFE ETF 23.4 7 32 7.7 -3.6
QINT American Century Quality Diversified International ETF 23.2 39 0 9.6 -1.7
DTH WisdomTree International High Dividend Fund 23.1 58 -19 11.4 +0.2
DWMF WisdomTree International Multifactor Fund 23.0 38 1 9.3 -1.9
RFEU First Trust Riverfront Dynamic Europe ETF 22.5 83 -44 8.7 -2.6
VEA Vanguard FTSE Developed Markets ETF 22.2 5 34 8.0 -3.3
SPDW SPDR Portfolio Developed World ex-US ETF 22.1 4 35 7.6 -3.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.0 30 9 8.2 -3.1
EZU iShares MSCI Eurozone ETF 21.7 50 -11 7.4 -3.9
IMFL Invesco International Developed Dynamic Multifactor ETF 21.5 34 5 11.2 -0.1
RODE Hartford Multifactor Diversified International ETF 21.5 29 10 13.6 +2.3
IDMO Invesco S&P International Developed Momentum ETF 21.1 25 14 9.5 -1.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.1 32 7 7.1 -4.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.0 29 10 10.1 -1.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 20.9 45 -6 10.9 -0.4
DGT SPDR Global Dow ETF 20.9 50 -11 8.4 -2.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.8 47 -8 7.5 -3.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.8 35 4 10.3 -0.9
CWI SPDR MSCI ACWI ex-US ETF 20.7 30 9 8.1 -3.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 20.7 20 19 12.7 +1.4
DFIV Dimensional International Value ETF 20.6 30 9 10.0 -1.3
RESD WisdomTree International ESG Fund 20.5 30 9 7.8 -3.5
RFDI First Trust Riverfront Dynamic Developed International ETF 20.4 83 -44 12.3 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.4 20 19 10.5 -0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.3 14 25 7.3 -4.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.9 20 19 6.6 -4.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.6 41 -2 8.2 -3.1
ESGN Columbia Sustainable International Equity Income ETF 19.5 45 -6 9.0 -2.3
ACWX iShares MSCI ACWI ex U.S. ETF 19.5 32 7 8.1 -3.2
IDOG ALPS International Sector Dividend Dogs ETF 18.9 50 -11 13.6 +2.4
AVIV Avantis International Large Cap Value ETF 18.4 25 14 10.3 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 18.1 45 -6 7.9 -3.3
DFAI Dimensional International Core Equity Market ETF 18.0 18 21 7.9 -3.4
RNDM First Trust Developed International Equity Select ETF 18.0 65 -26 7.1 -4.2
VEU Vanguard FTSE All-World ex-US Index Fund 17.9 7 32 8.3 -3.0
IDHQ Invesco S&P International Developed Quality ETF 17.8 29 10 8.3 -3.0
WKLY SoFi Weekly Dividend ETF 17.8 49 -10 9.4 -1.9
FEP First Trust Europe AlphaDEX Fund 17.8 80 -41 9.8 -1.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 17.8 39 0 18.9 +7.6
IGRO iShares International Dividend Growth ETF 17.6 15 24 9.4 -1.9
FEZ SPDR EURO STOXX 50 ETF 17.4 29 10 13.6 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.4 39 0 8.6 -2.7
FEUZ First Trust Eurozone AlphaDEX ETF 17.0 80 -41 8.9 -2.4
DMXF iShares ESG Advanced MSCI EAFE ETF 16.8 12 27 6.6 -4.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 16.7 25 14 9.0 -2.3
IXUS ishares Core MSCI Total International Stock ETF 16.7 7 32 8.0 -3.3
UMMA Wahed Dow Jones Islamic World ETF 16.5 65 -26 5.3 -6.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 16.5 58 -19 6.5 -4.8
NUDM Nuveen ESG International Developed Markets Equity ETF 16.5 30 9 8.6 -2.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 16.5 65 -26 16.8 +5.5
VXUS Vanguard Total International Stock ETF 16.1 7 32 8.1 -3.1
LVHI Legg Mason International Low Volatility High Dividend ETF 16.0 40 -1 9.9 -1.4
GCOW Pacer Global High Dividend ETF 16.0 60 -21 16.1 +4.8
JPIN JPMorgan Diversified Return International Equity ETF 15.7 37 2 9.5 -1.7
VSGX Vanguard ESG International Stock ETF 15.1 12 27 7.8 -3.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 15.0 46 -7 8.5 -2.8
IPAC iShares Core MSCI Pacific ETF 14.9 9 30 7.6 -3.7
EWJ iShares MSCI Japan ETF 14.8 50 -11 8.2 -3.1
JPXN iShares JPX-Nikkei 400 ETF 14.8 48 -9 8.9 -2.4
EWJV iShares MSCI Japan Value ETF 14.7 15 24 10.1 -1.2
DIHP Dimensional International High Profitability ETF 14.7 29 10 9.0 -2.3
IQDE FlexShares International Quality Dividend Defensive Index ET 14.5 47 -8 10.7 -0.6
OEUR ALPS O'shares Europe Quality Dividend ETF 14.5 48 -9 8.3 -3.0
FDT First Trust Developed Markets ex-US Alphadex Fund 14.5 80 -41 11.3 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 14.5 19 20 8.3 -3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.3 80 -41 6.1 -5.1
FLJH Franklin FTSE Japan Hedged ETF 14.2 9 30 8.6 -2.6
WLDR Affinity World Leaders Equity ETF 14.1 67 -28 10.6 -0.6
FJP First Trust Japan AlphaDEX Fund 14.0 80 -41 13.0 +1.7
FLJP Franklin FTSE Japan ETF 13.9 9 30 8.3 -3.0
EFG iShares MSCI EAFE Growth ETF 13.7 35 4 5.2 -6.0
DXJ WisdomTree Japan Hedged Equity Fund 13.7 48 -9 12.1 +0.8
IQDF FlexShares International Quality Dividend Index Fund 13.5 47 -8 11.9 +0.6
VPL Vanguard FTSE Pacific ETF 13.4 8 31 7.9 -3.4
SCHY Schwab International Dividend Equity ETF 13.1 14 25 9.2 -2.1
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 12.9 39 0 6.8 -4.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.6 51 -12 6.6 -4.7
HEDJ WisdomTree Europe Hedged Equity Fund 12.6 58 -19 9.7 -1.6
VIDI Vident International Equity Fund 12.5 61 -22 12.3 +1.0
FYLD Cambria Foreign Shareholder Yield ETF 12.5 59 -20 14.1 +2.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.5 61 -22 9.3 -2.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.4 24 15 8.9 -2.4
IOO iShares Global 100 ETF 12.4 40 -1 7.2 -4.0
TPIF Timothy Plan International ETF 12.4 62 -23 7.4 -3.8
EWU iShares MSCI United Kingdom ETF 12.3 50 -11 8.9 -2.4
FLGB Franklin FTSE United Kingdom ETF 12.3 9 30 9.3 -2.0
DFIC Dimensional International Core Equity 2 ETF 12.3 23 16 8.4 -2.9
PIZ Invesco DWA Developed Markets Momentum ETF 12.1 80 -41 6.3 -4.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 12.0 65 -26 9.0 -2.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 12.0 42 -3 7.1 -4.2
IDLV Invesco S&P International Developed Low Volatility ETF 12.0 25 14 6.7 -4.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.9 58 -19 5.9 -5.4
IXG iShares Global Financials ETF 11.8 40 -1 10.4 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 11.7 42 -3 5.9 -5.4
AVDE Avantis International Equity ETF 11.6 23 16 9.3 -2.0
WRND IQ Global Equity R&D Leaders ETF 11.6 18 21 8.5 -2.8
ISZE iShares Edge MSCI Intl Size Factor ETF 11.4 30 9 7.4 -3.9
VIGI Vanguard International Dividend Appreciation ETF 11.4 15 24 6.6 -4.6
EUDV ProShares MSCI Europe Dividend Growers ETF 11.2 56 -17 6.2 -5.0
FICS First Trust International Developed Capital Strength ETF 11.0 70 -31 7.0 -4.3
BKIS BNY Mellon Sustainable International Equity ETF 10.8 70 -31 5.6 -5.7
AIVI WisdomTree International AI Enhanced Value Fund 10.8 58 -19 8.9 -2.4
QWLD SPDR MSCI World StrategicFactors ETF 10.7 30 9 7.6 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.7 47 -8 11.6 +0.4
EWG iShares MSCI Germany ETF 10.7 50 -11 8.1 -3.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 10.7 45 -6 8.3 -3.0
FLGR Franklin FTSE Germany ETF 10.6 9 30 8.8 -2.5
FID First Trust S&P International Dividend Aristocrats ETF 10.4 60 -21 11.5 +0.2
DEW WisdomTree Global High Dividend Fund 10.3 58 -19 11.0 -0.3
IDV iShares International Select Dividend ETF 10.2 49 -10 16.3 +5.1
JIG JPMorgan International Growth ETF 10.1 55 -16 5.2 -6.1
EWQ iShares MSCI France ETF 10.1 50 -11 7.2 -4.1
FLCA Franklin FTSE Canada ETF 10.0 9 30 9.5 -1.8
DAX Global X DAX Germany ETF 10.0 20 19 8.1 -3.1
MOTG VanEck Morningstar Global Wide Moat ETF 9.9 52 -13 7.1 -4.2
BBCA JPMorgan BetaBuilders Canada ETF 9.9 19 20 8.9 -2.4
WWJD Inspire International ESG ETF 9.8 69 -30 7.6 -3.6
FKU First Trust United Kingdom AlphaDEX Fund 9.6 80 -41 10.1 -1.2
WDIV SPDR Global Dividend ETF 9.6 40 -1 11.8 +0.6
FLFR Franklin FTSE France ETF 9.4 9 30 7.5 -3.7
GNR SPDR S&P Global Natural Resources ETF 9.4 40 -1 10.5 -0.7
EWC iShares MSCI Canada ETF 9.3 50 -11 8.7 -2.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 9.3 46 -7 10.0 -1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.2 42 -3 6.6 -4.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.0 57 -18 14.0 +2.7
BKCI BNY Mellon Concentrated International ETF 8.8 80 -41 4.5 -6.8
IVAL Alpha Architect International Quantitative Value ETF 8.8 60 -21 13.1 +1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 8.7 25 14 7.8 -3.5
EXI iShares Global Industrials ETF 8.7 40 -1 6.5 -4.8
URTH iShares MSCI World ETF 8.7 24 15 7.1 -4.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.6 31 8 8.9 -2.4
EUFN iShares MSCI Europe Financials ETF 8.6 48 -9 11.4 +0.1
DXGE WisdomTree Germany Hedged Equity Fund 8.6 48 -9 10.5 -0.8
EPP iShares MSCI Pacific ex-Japan ETF 8.3 47 -8 6.3 -5.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.3 19 20 6.8 -4.5
DWX SPDR S&P International Dividend ETF 8.2 45 -6 8.8 -2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 8.0 9 30 7.2 -4.1
TOK iShares MSCI Kokusai ETF 8.0 25 14 7.0 -4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 8.0 39 0 12.8 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.8 47 -8 6.3 -5.0
ACWI iShares MSCI ACWI ETF 7.7 32 7 7.2 -4.1
HAP VanEck Natural Resources ETF 7.6 49 -10 9.4 -1.9
CGGO Capital Group Global Growth Equity ETF 7.5 47 -8 4.9 -6.4
KOCG FIS Knights of Columbus Global Belief ETF 7.4 75 -36 8.0 -3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.4 9 30 7.0 -4.3
DSTX Distillate International Fundamental Stability & Value ETF 7.4 55 -16 8.6 -2.7
ACWV iShares MSCI Global Min Vol Factor ETF 7.2 20 19 8.3 -3.0
MXI iShares Global Materials ETF 7.1 40 -1 8.3 -2.9
IPKW Invesco International BuyBack Achievers ETF 7.1 55 -16 11.6 +0.4
ACWF iShares MSCI Global Multifactor ETF 7.0 35 4 9.8 -1.4
VT Vanguard Total World Stock ETF 6.7 7 32 7.3 -4.0
EFAS Global X MSCI SuperDividend EAFE ETF 6.7 55 -16 12.1 +0.8
UPWD JPMorgan Social Advancement ETF 6.6 49 -10 6.7 -4.5
NXTG First Trust Indxx NextG ETF 6.5 70 -31 6.9 -4.4
IXJ iShares Global Healthcare ETF 6.5 40 -1 8.2 -3.1
EWN iShares MSCI Netherlands ETF 6.5 50 -11 5.4 -5.9
CGXU Capital Group International Focus Equity ETF 6.4 54 -15 4.3 -7.0
SHPP Pacer Industrials and Logistics ETF 6.4 60 -21 10.9 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.3 20 19 7.5 -3.8
RXI iShares Global Consumer Discretionary ETF 6.0 40 -1 6.7 -4.6
NTZG Nuveen Global Net Zero Transition ETF 6.0 55 -16 6.1 -5.2
FGM First Trust Germany AlphaDEX Fund 6.0 80 -41 11.0 -0.2
KOIN Innovation Shares NextGen Protocol ETF 5.6 75 -36 7.6 -3.7
EWA iShares MSCI Australia ETF 5.4 50 -11 6.5 -4.8
FLAU Franklin FTSE Australia ETF 5.4 9 30 7.0 -4.3
FDD First Trust Stoxx European Select Dividend Index Fund 5.3 58 -19 14.4 +3.2
GVAL Cambria Global Value ETF 5.3 71 -32 14.5 +3.2
IXC iShares Global Energy ETF 5.1 40 -1 9.5 -1.8
FILL iShares MSCI Global Energy Producers ETF 5.1 39 0 10.5 -0.7
SAGP Strategas Global Policy Opportunities ETF 5.1 65 -26 7.7 -3.5
BLES Inspire Global Hope Large Cap ETF 5.0 49 -10 7.2 -4.1
KLDW Gavekal Knowledge Leaders Developed World ETF 5.0 75 -36 5.3 -6.0
KXI iShares Global Consumer Staples ETF 5.0 40 -1 5.7 -5.5
DIM WisdomTree International MidCap Dividend Fund 4.8 58 -19 9.8 -1.5
DVYA iShares Asia/Pacific Dividend ETF 4.5 49 -10 13.7 +2.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 4.4 45 -6 7.9 -3.4
EWL iShares MSCI Switzerland ETF 4.3 50 -11 5.3 -6.0
IXN iShares Global Tech ETF 4.3 40 -1 5.9 -5.4
XT iShares Exponential Technologies ETF 4.3 46 -7 3.8 -7.5
FLSW Franklin FTSE Switzerland ETF 4.2 9 30 5.9 -5.3
IDNA iShares Genomics Immunology & Healthcare ETF 4.2 47 -8 -8.3 -19.5
CLNR IQ Cleaner Transport ETF 4.1 45 -6 7.2 -4.1
SDG iShares Sustainable MSCI Global Impact ETF 4.1 49 -10 7.2 -4.1
SEA U.S. Global Sea to Sky Cargo ETF 4.1 60 -21 31.5 +20.2
FDVV Fidelity Core Dividend ETF 4.1 29 10 12.1 +0.8
DWCR Arrow DWA Country Rotation ETF 4.0 111 -72 6.3 -5.0
FSZ First Trust Switzerland AlphaDEX Fund 3.9 80 -41 5.0 -6.3
EWD iShares MSCI Sweden ETF 3.9 54 -15 8.8 -2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.8 12 27 6.7 -4.6
FEMA Procure Disaster Recovery Strategy ETF 3.7 75 -36 5.9 -5.4
IXP iShares Global Comm Services ETF 3.7 40 -1 8.0 -3.3
SUBS Fount Subscription Economy ETF 3.6 70 -31 5.4 -5.9
DIVS SmartETFs Dividend Builder ETF 3.5 65 -26 5.9 -5.4
DINT Davis Select International ETF 3.5 64 -25 8.0 -3.2
HART IQ Healthy Hearts ETF 3.4 45 -6 6.2 -5.1
ISHP First Trust S-Network E-Commerce ETF 3.4 60 -21 4.5 -6.8
COPX Global X Copper Miners ETF 3.4 65 -26 8.1 -3.2
CIRC JPMorgan Sustainable Consumption ETF 3.3 49 -10 5.8 -5.5
MOTI VanEck Morningstar International Moat ETF 3.3 57 -18 9.1 -2.2
SDIV Global X SuperDividend ETF 3.2 58 -19 19.7 +8.4
ION ProShares S&P Global Core Battery Metals ETF 3.1 58 -19 10.1 -1.2
XDNA Strategic CRISPR & Gene Editing Technology ETF 3.1 78 -39 -3.3 -14.6
BKES BNY Mellon Sustainable Global Emerging Markets ETF 3.1 11 28 5.1 -6.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.1 69 -30 10.3 -1.0
SUPL ProShares Supply Chain Logistics ETF 3.0 58 -19 16.3 +5.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.0 80 -41 9.1 -2.2
DRIV Global X Autonomous & Electric Vehicles ETF 3.0 68 -29 5.0 -6.3
BNE Blue Horizon BNE ETF 2.9 87 -48 5.2 -6.0
JXI iShares Global Utilities ETF 2.9 40 -1 6.4 -4.9
FDRR Fidelity Dividend ETF for Rising Rates 2.8 29 10 9.8 -1.5
SANE Subversive Mental Health ETF 2.8 75 -36 6.3 -5.0
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 2.8 50 -11 3.7 -7.6
RAYD Rayliant Quantitative Developed Market Equity ETF 2.7 80 -41 9.5 -1.7
FAN First Trust Global Wind Energy ETF 2.7 62 -23 5.0 -6.3
QTUM Defiance Quantum ETF 2.6 40 -1 4.7 -6.6
GLIF AGFiQ Global Infrastructure ETF 2.6 45 -6 6.2 -5.1
EWH iShares MSCI Hong Kong ETF 2.5 50 -11 6.4 -4.8
FLHK Franklin FTSE Hong Kong ETF 2.5 9 30 6.7 -4.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.4 60 -21 2.9 -8.4
JSTC Adasina Social Justice All Cap Global ETF 2.4 89 -50 6.7 -4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.4 69 -30 7.7 -3.6
WDNA WisdomTree BioRevolution Fund 2.4 45 -6 -4.2 -15.5
OCEN IQ Clean Oceans ETF 2.4 45 -6 6.8 -4.5
DWLD Davis Select Worldwide ETF 2.3 62 -23 9.2 -2.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 20 8.5 -2.8
CARZ First Trust NASDAQ Global Auto Index Fund 2.3 70 -31 6.6 -4.7
URA Global X Uranium ETF 2.3 69 -30 3.0 -8.3
MOTO SmartETFs Smart Transportation & Technology ETF 2.3 68 -29 7.7 -3.6
FLIY Franklin FTSE Italy ETF 2.2 9 30 10.2 -1.0
EWI iShares MSCI Italy ETF 2.2 50 -11 10.5 -0.8
FPAG FPA Global Equity ETF 2.2 49 -10 6.8 -4.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 2.2 68 -29 0.0 -11.3
DKRB Subversive Decarbonization ETF 2.1 75 -36 5.1 -6.2
GENY Principal Millennials Index ETF 2.1 45 -6 6.7 -4.5
BNGE First Trust S-Network Streaming and Gaming ETF 2.0 70 -31 0.7 -10.6
BATT Amplify Lithium & Battery Technology ETF 2.0 59 -20 4.9 -6.4
GMET VanEck Green Metals ETF 1.9 59 -20 10.0 -1.2
LOUP Innovator Loup Frontier Tech ETF 1.9 70 -31 2.1 -9.2
TINY ProShares Nanotechnology ETF 1.9 58 -19 1.8 -9.5
WPS iShares International Developed Property ETF 1.9 48 -9 8.1 -3.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.9 12 27 10.5 -0.7
PID Invesco International Dividend Achievers ETF 1.8 56 -17 8.3 -2.9
AIA iShares Asia 50 ETF 1.8 50 -11 9.6 -1.7
DUSA Davis Select U.S. Equity ETF 1.8 61 -22 10.3 -1.0
CGGR Capital Group Growth ETF 1.8 39 0 5.0 -6.3
BOAT SonicShares Global Shipping ETF 1.8 69 -30 18.3 +7.1
ANEW ProShares MSCI Transformational Changes ETF 1.7 45 -6 6.0 -5.3
INNO Harbor Disruptive Innovation ETF 1.7 75 -36 -3.6 -14.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.7 47 -8 -0.9 -12.1
SYNB Putnam BioRevolution ETF 1.7 70 -31 3.8 -7.5
CGUS Capital Group Core Equity ETF 1.7 33 6 6.7 -4.6
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.7 75 -36 3.6 -7.7
NANR SPDR S&P North American Natural Resources ETF 1.6 35 4 7.6 -3.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.6 45 -6 4.8 -6.5
FTRI First Trust Indxx Global Natural Resources Income ETF 1.6 70 -31 21.2 +9.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.5 75 -36 5.9 -5.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 1.4 75 -36 7.7 -3.6
TOKE Cambria Cannabis ETF 1.4 42 -3 -21.3 -32.6
METV Roundhill Ball Metaverse ETF 1.4 59 -20 4.8 -6.5
ARVR First Trust Indxx Metaverse ETF 1.4 70 -31 4.7 -6.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.3 45 -6 3.2 -8.0
MJ ETFMG Alternative Harvest ETF 1.3 75 -36 0.0 -11.3
ASEA Global X Southeast Asia ETF 1.2 65 -26 7.9 -3.3
EWS iShares MSCI Singapore ETF 1.2 50 -11 5.3 -6.0
KROP Global X AgTech & Food Innovation ETF 1.2 50 -11 -2.1 -13.4
FCLD Fidelity Cloud Computing ETF 1.2 39 0 4.9 -6.4
IMOM Alpha Architect International Quantitative Momentum ETF 1.2 60 -21 9.0 -2.3
FDNI First Trust Dow Jones International Internet ETF 1.2 65 -26 2.8 -8.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.2 70 -31 6.2 -5.1
FPXI First Trust International Equity Opportunities ETF 1.2 70 -31 -0.6 -11.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.2 86 -47 2.4 -8.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.2 40 -1 8.9 -2.3
DFNL Davis Select Financial ETF 1.2 62 -23 9.9 -1.4
MEM Matthews Emerging Markets Equity Active ETF 1.2 79 -40 6.8 -4.5
GVLU Gotham 1000 Value ETF 1.1 50 -11 12.1 +0.8
ERET iShares Environmentally Aware Real Estate ETF 1.1 30 9 7.6 -3.7
IFGL iShares International Developed Real Estate ETF 1.1 48 -9 7.9 -3.4
HAUZ Xtrackers International Real Estate ETF 1.1 10 29 9.3 -2.0
JZRO Janus Henderson Net Zero Transition Resources ETF 1.1 60 -21 7.7 -3.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.1 49 -10 5.5 -5.8
DISV Dimensional International Small Cap Value ETF 1.1 42 -3 10.3 -1.0
GII SPDR S&P Global Infrastructure ETF 1.1 40 -1 4.8 -6.5
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 -20 4.0 -7.3
IGF iShares Global Infrastructure ETF 1.1 40 -1 4.8 -6.5
MBOX Freedom Day Dividend ETF 1.1 39 0 9.1 -2.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.1 85 -46 6.1 -5.2
IDRV iShares Self-driving EV & Tech ETF 1.1 47 -8 1.0 -10.3
IDAT iShares Cloud 5G and Tech ETF 1.0 47 -8 6.5 -4.8
TRFK Pacer Data and Digital Revolution ETF 1.0 60 -21 5.8 -5.5
AIQ Global X Future Analytics Tech ETF 1.0 68 -29 5.3 -6.0
RVRB Reverb ETF 1.0 30 9 6.7 -4.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 70 -31 3.2 -8.1
TEMP JPMorgan Climate Change Solutions ETF 1.0 49 -10 4.6 -6.7
AADR AdvisorShares Dorsey Wright ADR ETF 1.0 110 -71 8.7 -2.6
EWP iShares MSCI Spain ETF 1.0 50 -11 8.7 -2.5
CGV Conductor Global Equity Value ETF 1.0 128 -89 13.4 +2.1
CVY Invesco Zacks Multi-Asset Income ETF 1.0 100 -61 13.6 +2.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.0 45 -6 0.1 -11.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.9 68 -29 0.6 -10.7
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -11 2.6 -8.7
IWTR iShares MSCI Water Management Multisector ETF 0.9 47 -8 5.4 -5.9
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -31 3.5 -7.7
AFK VanEck Africa Index ETF 0.9 77 -38 11.6 +0.3
DMAT Global X Disruptive Materials ETF 0.9 59 -20 9.5 -1.7
AGNG Global X Aging Population ETF 0.9 50 -11 4.4 -6.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 -39 10.5 -0.8
HACK ETFMG Prime Cyber Security ETF 0.9 60 -21 4.9 -6.4
CGDV Capital Group Dividend Value ETF 0.9 33 6 6.9 -4.4
EDEN iShares MSCI Denmark Capped ETF 0.8 53 -14 5.8 -5.5
BTEK BlackRock Future Tech ETF 0.8 88 -49 0.8 -10.5
WOOD iShares Global Timber & Forestry ETF 0.8 40 -1 11.3 -0.0
JEMA JPMorgan Emerging Markets Equity Core ETF 0.8 39 0 8.0 -3.3
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.8 40 -1 10.6 -0.7
TMFG Motley Fool Global Opportunities ETF 0.8 85 -46 4.5 -6.8
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.8 18 21 8.5 -2.8
IVEG iShares Emergent Food and AgTech Multisector ETF 0.7 47 -8 9.0 -2.3
VEGI iShares MSCI Global Agriculture Producers ETF 0.7 39 0 9.0 -2.3
DFIS Dimensional International Small Cap ETF 0.7 39 0 6.4 -4.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 78 -39 11.2 -0.1
CZA Invesco Zacks Mid-Cap ETF 0.6 69 -30 7.8 -3.5
MTVR Fount Metaverse ETF 0.6 70 -31 6.6 -4.7
BJK VanEck Gaming ETF 0.6 62 -23 1.4 -9.8
ESPO VanEck Video Gaming & eSports ETF 0.6 55 -16 7.2 -4.1
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 -36 0.9 -10.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.6 60 -21 6.0 -5.3
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 -36 7.2 -4.0
EFNL iShares MSCI Finland Capped ETF 0.6 55 -16 7.2 -4.1
IEUS iShares MSCI Europe Small-Cap ETF 0.5 40 -1 6.3 -5.0
PRAY FIS Biblically Responsible Risk Managed ETF 0.5 68 -29 7.3 -4.0
SCHC Schwab International Small-Cap Equity ETF 0.5 11 28 6.6 -4.7
OGIG O'Shares Global Internet Giants ETF 0.5 48 -9 0.5 -10.8
GQRE FlexShares Global Quality Real Estate Index Fund 0.4 45 -6 7.7 -3.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 30 7.4 -3.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 39 0 6.5 -4.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -26 2.4 -8.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 32 6.9 -4.4
NDIV Amplify Natural Resources Dividend Income ETF 0.4 59 -20 15.8 +4.5
SMOG VanEck Low Carbon Energy ETF 0.4 55 -16 3.4 -7.9
RNRG Global X Renewable Energy Producers ETF 0.4 65 -26 3.8 -7.5
WNDY Global X Wind Energy ETF 0.4 50 -11 4.1 -7.2
ACES ALPS Clean Energy ETF 0.4 55 -16 -2.4 -13.7
FRNW Fidelity Clean Energy ETF 0.4 39 0 2.0 -9.3
ICLN iShares Global Clean Energy ETF 0.4 40 -1 3.6 -7.7
ECLN First Trust EIP Carbon Impact ETF 0.4 95 -56 4.6 -6.7
SCJ iShares MSCI Japan Small-Cap ETF 0.4 50 -11 6.9 -4.4
ITAN Sparkline Intangible Value ETF 0.3 50 -11 7.8 -3.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -41 12.5 +1.3
GRNR Global X Green Building ETF 0.3 45 -6 9.2 -2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.3 63 -24 5.1 -6.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 30 7.1 -4.1
KOMP SPDR Kensho New Economies Composite ETF 0.2 20 19 -1.3 -12.6
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.2 20 19 7.2 -4.1
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -56 5.9 -5.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 28 8.7 -2.6
AVDV Avantis International Small Cap Value ETF 0.0 36 3 10.3 -1.0

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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 10.1 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.53
 
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.