Fidelity International Value Factor ETF
ALTAR
Score™		 10.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 10.2x P/Sales
ratio		 0.8x
P/BV
ratio		 1.1x Div.
yield		 4.4%


  • 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) $166
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 125
Wgt avg mkt cap (mns) $70,880
Large cap (>$10bn) 90.6%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 2.2 %
ROCHE HOLDING AG-BR 1.8 %
NESTLE SA-REG 1.8 %
ASTRAZENECA PLC 1.7 %
BOC HONG KONG HOLDINGS LTD 1.6 %
SHELL PLC 1.6 %
NOVARTIS AG 1.6 %
BRITISH AMERICAN TOBACCO PLC 1.4 %
JAPAN TOBACCO INC 1.4 %
SIEMENS AG-REG 1.4 %
Total 16.6 %

TOP COUNTRY EXPOSURE
JAPAN 22.8 %
BRITAIN 14.1 %
GERMANY 10.2 %
CANADA 9.9 %
FRANCE 9.4 %
SWITZERLAND 8.8 %
NETHERLANDS 5.9 %
AUSTRALIA 5.0 %
SWEDEN 3.1 %
ITALY 2.4 %

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.
6.5% 19.3% 6.8% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.83 64%
MSCI EAFE 0.97 92%
MSCI Emg. Mkts. 0.80 61%

Technical Indicators
Recent close $24.83
30d moving avg. $26.04
Annualized volatility 17.9%
Short interest (ETF) 0.6%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $16,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 458 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™: 10.2%


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 MSCI Intl Value Factor ETF 40.0 30 -12 11.4 +1.2
DOL WisdomTree International LargeCap Dividend Fund 34.5 48 -30 7.9 -2.3
DIVI Franklin International Core Dividend Tilt Index ETF 32.7 9 9 8.1 -2.1
STXI Strive International Developed Markets ETF 31.9 29 -11 6.9 -3.4
IQIN IQ 500 International ETF 31.7 25 -7 9.2 -1.1
JIRE JPMorgan International Research Enhanced Equity ETF 31.3 24 -6 7.1 -3.1
BBEU JPMorgan BetaBuilders Europe ETF 31.2 9 9 7.1 -3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.9 46 -28 6.5 -3.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 30.6 25 -7 7.2 -3.1
EFV iShares MSCI EAFE Value ETF 30.2 34 -16 9.4 -0.8
FENI Fidelity Enhanced International ETF 29.9 28 -10 8.1 -2.2
BKIE BNY Mellon International Equity ETF 29.6 4 14 7.1 -3.2
GSID Goldman Sachs MarketBeta International Equity ETF 29.4 20 -2 7.0 -3.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.3 36 -18 6.6 -3.7
FLEE Franklin FTSE Europe ETF 29.0 9 9 7.2 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.8 45 -27 8.9 -1.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 28.6 20 -2 6.9 -3.3
FDEV Fidelity International Multifactor ETF 28.5 18 0 7.8 -2.5
DWM WisdomTree International Equity Fund 27.9 48 -30 8.0 -2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.8 40 -22 7.9 -2.3
IEV iShares Europe ETF 27.7 67 -49 6.6 -3.6
HFXI IQ FTSE International Equity Currency Neutral ETF 27.6 20 -2 7.1 -3.2
JHMD John Hancock Multifactor Developed International ETF 27.3 39 -21 7.8 -2.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.9 25 -7 7.2 -3.0
FNDF Schwab Fundamental International Large Co. Index ETF 26.7 25 -7 9.9 -0.4
FIDI Fidelity International High Dividend ETF 26.5 18 0 10.9 +0.7
VYMI Vanguard International High Dividend Yield ETF 26.4 22 -4 9.8 -0.4
EFA iShares MSCI EAFE ETF 26.2 35 -17 6.9 -3.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 26.0 30 -12 7.3 -3.0
IEUR iShares Core MSCI Europe ETF 25.4 11 7 7.1 -3.2
DFIV Dimensional International Value ETF 25.2 27 -9 10.0 -0.3
ESGD iShares ESG Aware MSCI EAFE ETF 24.9 20 -2 6.9 -3.3
VGK Vanguard FTSE Europe ETF 24.9 11 7 7.1 -3.2
RFDI First Trust Riverfront Dynamic Developed International ETF 24.8 83 -65 10.0 -0.3
QINT American Century Quality Diversified International ETF 24.7 39 -21 7.7 -2.5
SPEU SPDR Portfolio Europe ETF 24.4 7 11 7.1 -3.2
CID VictoryShares International High Div Volatility Wtd ETF 24.3 45 -27 11.9 +1.7
INTF iShares International Equity Factor ETF 24.2 15 3 8.2 -2.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.3 29 -11 8.6 -1.7
IQDE FlexShares International Quality Dividend Defensive Index ET 22.9 47 -29 14.8 +4.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 22.9 32 -14 6.0 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.8 20 -2 6.5 -3.7
IQSI IQ Candriam International Equity ETF 22.8 15 3 6.6 -3.6
EZU iShares MSCI Eurozone ETF 22.7 52 -34 6.6 -3.6
IEFA iShares Core MSCI EAFE ETF 22.5 7 11 7.1 -3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.5 45 -27 6.5 -3.7
IQDF FlexShares International Quality Dividend Index Fund 22.3 47 -29 12.9 +2.6
JHID John Hancock International High Dividend ETF 22.3 46 -28 11.3 +1.1
DWMF WisdomTree International Multifactor Fund 22.2 38 -20 7.4 -2.8
IDEV iShares Core MSCI International Developed Markets ETF 22.1 4 14 7.1 -3.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 22.0 35 -17 6.6 -3.6
FLEU Franklin FTSE Eurozone ETF 21.9 9 9 7.3 -3.0
SCHF Schwab International Equity ETF 21.7 6 12 7.5 -2.8
RODE Hartford Multifactor Diversified International ETF 21.7 29 -11 11.8 +1.5
DTAN Sparkline International Intangible Value ETF 21.6 55 -37 9.2 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.5 14 4 6.2 -4.1
VWID Virtus WMC International Dividend ETF 21.5 49 -31 9.6 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 21.4 3 15 7.2 -3.1
UIVM VictoryShares International Value Momentum ETF 21.1 35 -17 11.0 +0.8
VEA Vanguard FTSE Developed Markets ETF 21.0 5 13 7.3 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.5 41 -23 7.4 -2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 20.5 18 0 7.0 -3.2
FEZ SPDR EURO STOXX 50 ETF 20.3 29 -11 6.8 -3.4
IMTM iShares MSCI Intl Momentum Factor ETF 19.6 30 -12 6.3 -3.9
CWI SPDR MSCI ACWI ex-US ETF 19.6 30 -12 6.9 -3.3
DGT SPDR Global Dow ETF 19.5 50 -32 6.8 -3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.4 39 -21 7.5 -2.7
RFEU First Trust Riverfront Dynamic Europe ETF 19.4 83 -65 11.1 +0.9
DTH WisdomTree International High Dividend Fund 19.2 58 -40 10.1 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 19.1 30 -12 6.2 -4.0
DFAI Dimensional International Core Equity Market ETF 18.9 18 0 7.3 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.7 47 -29 9.4 -0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.7 39 -21 7.4 -2.8
CIL VictoryShares International Volatility Wtd ETF 18.4 45 -27 7.0 -3.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.4 9 9 9.9 -0.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 18.3 51 -33 7.1 -3.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 18.3 12 6 5.9 -4.4
NUDM Nuveen ESG International Developed Markets Equity ETF 18.2 31 -13 6.7 -3.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.1 25 -7 8.6 -1.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 18.0 58 -40 6.5 -3.7
ACWX iShares MSCI ACWI ex U.S. ETF 18.0 34 -16 7.0 -3.3
JPXN iShares JPX-Nikkei 400 ETF 17.8 48 -30 8.7 -1.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 17.5 22 -4 6.6 -3.7
IGRO iShares International Dividend Growth ETF 17.1 15 3 7.5 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 16.7 8 10 7.3 -3.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 16.7 47 -29 7.4 -2.9
EWJ iShares MSCI Japan ETF 16.6 50 -32 8.0 -2.3
EWJV iShares MSCI Japan Value ETF 16.5 15 3 10.2 -0.1
AVIV Avantis International Large Cap Value ETF 16.3 25 -7 9.0 -1.3
BBJP JPMorgan BetaBuilders Japan ETF 16.3 19 -1 7.8 -2.4
EFG iShares MSCI EAFE Growth ETF 16.2 36 -18 4.5 -5.7
IDHQ Invesco S&P International Developed High Quality ETF 16.1 29 -11 6.5 -3.8
CGIE Capital Group International Equity ETF 16.0 54 -36 4.9 -5.3
DIHP Dimensional International High Profitability ETF 15.8 29 -11 7.6 -2.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 15.7 65 -47 12.8 +2.5
PATN Pacer Nasdaq International Patent Leaders ETF 15.7 65 -47 6.5 -3.8
FICS First Trust International Developed Capital Strength ETF 15.6 70 -52 5.3 -5.0
IMFL Invesco International Developed Dynamic Multifactor ETF 15.5 34 -16 5.9 -4.4
FLJP Franklin FTSE Japan ETF 15.4 9 9 7.8 -2.4
IXUS iShares Core MSCI Total International Stock ETF 15.4 7 11 7.2 -3.1
FLJH Franklin FTSE Japan Hedged ETF 15.4 9 9 7.7 -2.6
LVHI Franklin International Low Volatility High Dividend Index ET 15.3 40 -22 10.1 -0.2
WRND IQ Global Equity R&D Leaders ETF 15.3 18 0 7.5 -2.7
IPAC iShares Core MSCI Pacific ETF 15.2 9 9 7.2 -3.0
VXUS Vanguard Total International Stock ETF 15.1 7 11 7.2 -3.1
JPIN J.P. Morgan Diversified Return International Equity ETF 15.0 37 -19 8.9 -1.4
IDOG ALPS International Sector Dividend Dogs ETF 14.9 50 -32 12.8 +2.6
EQIN Columbia US Equity Income ETF 14.7 35 -17 8.3 -1.9
UMMA Wahed Dow Jones Islamic World ETF 14.6 65 -47 4.6 -5.7
IDMO Invesco S&P International Developed Momentum ETF 14.3 25 -7 5.9 -4.4
FLGB Franklin FTSE United Kingdom ETF 14.2 9 9 7.9 -2.4
OEUR ALPS O'Shares Europe Quality Dividend ETF 14.0 48 -30 5.7 -4.6
VPL Vanguard FTSE Pacific ETF 14.0 8 10 7.7 -2.5
VSGX Vanguard ESG International Stock ETF 14.0 12 6 6.8 -3.5
SCHY Schwab International Dividend Equity ETF 13.4 14 4 9.3 -0.9
DFIC Dimensional International Core Equity 2 ETF 13.4 23 -5 7.7 -2.5
DXJ WisdomTree Japan Hedged Equity Fund 13.3 48 -30 8.5 -1.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 13.1 39 -21 12.1 +1.8
EWU iShares MSCI United Kingdom ETF 13.0 50 -32 8.4 -1.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 13.0 65 -47 4.3 -5.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 12.9 80 -62 9.1 -1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.9 58 -40 6.4 -3.9
IQDG WisdomTree International Quality Dividend Growth Fund 12.9 42 -24 6.8 -3.5
AVDE Avantis International Equity ETF 12.9 23 -5 8.1 -2.2
GCOW Pacer Global Cash Cows Dividend ETF 12.7 60 -42 12.5 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 12.6 58 -40 9.5 -0.8
FEUZ First Trust Eurozone AlphaDEX ETF 12.5 80 -62 6.7 -3.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 12.2 24 -6 8.7 -1.6
VIGI Vanguard International Dividend Appreciation ETF 12.1 15 3 6.4 -3.8
BINV Brandes International ETF 12.1 70 -52 8.5 -1.8
IDLV Invesco S&P International Developed Low Volatility ETF 12.1 25 -7 6.2 -4.0
DMXF iShares ESG Advanced MSCI EAFE ETF 11.9 12 6 5.5 -4.7
FEP First Trust Europe AlphaDEX Fund 11.7 80 -62 7.8 -2.5
IVAL Alpha Architect International Quantitative Value ETF 11.7 49 -31 9.5 -0.7
TPIF Timothy Plan International ETF 11.7 62 -44 6.8 -3.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.6 80 -62 5.6 -4.7
AVSD Avantis Responsible International Equity ETF 11.3 23 -5 7.1 -3.2
CGDG Capital Group Dividend Growers ETF 11.1 47 -29 6.6 -3.6
WWJD Inspire International ETF 10.8 80 -62 7.3 -3.0
AIVI WisdomTree International AI Enhanced Value Fund 10.6 58 -40 8.5 -1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 10.6 65 -47 8.2 -2.1
CGXU Capital Group International Focus Equity ETF 10.5 54 -36 4.9 -5.4
EUFN iShares MSCI Europe Financials ETF 10.4 51 -33 8.1 -2.1
IDV iShares International Select Dividend ETF 10.4 51 -33 12.2 +2.0
MOTI VanEck Morningstar International Moat ETF 10.4 58 -40 5.9 -4.4
EUDV ProShares MSCI Europe Dividend Growers ETF 10.3 55 -37 5.3 -5.0
FJP First Trust Japan AlphaDEX Fund 10.3 80 -62 10.3 +0.1
FLGR Franklin FTSE Germany ETF 10.2 9 9 7.0 -3.2
EWG iShares MSCI Germany ETF 10.2 50 -32 6.4 -3.9
VIDI Vident International Equity Strategy ETF 10.2 61 -43 10.2 -0.0
IXG iShares Global Financials ETF 10.0 42 -24 6.2 -4.1
ESGG FlexShares STOXX Global ESG Select Index Fund 10.0 42 -24 5.1 -5.1
DSTX Distillate International Fundamental Stability & Value ETF 10.0 55 -37 8.0 -2.3
DAX Global X DAX Germany ETF 9.7 21 -3 6.9 -3.3
GNR SPDR S&P Global Natural Resources ETF 9.7 40 -22 9.7 -0.6
IPKW Invesco International BuyBack Achievers ETF 9.6 55 -37 11.0 +0.8
DFSI Dimensional International Sustainability Core 1 ETF 9.6 24 -6 6.5 -3.8
BKCI BNY Mellon Concentrated International ETF 9.6 80 -62 4.2 -6.1
OSEA Harbor International Compounders ETF 9.5 55 -37 4.3 -6.0
BBCA JPMorgan BetaBuilders Canada ETF 9.4 19 -1 6.6 -3.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.3 50 -32 5.3 -4.9
CGGO Capital Group Global Growth Equity ETF 9.2 47 -29 4.6 -5.7
IOO iShares Global 100 ETF 9.2 41 -23 4.8 -5.4
WLDR Affinity World Leaders Equity ETF 9.1 67 -49 8.1 -2.2
FLCA Franklin FTSE Canada ETF 8.9 9 9 6.8 -3.4
EWQ iShares MSCI France ETF 8.9 53 -35 6.3 -4.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.8 30 -12 8.0 -2.3
FKU First Trust United Kingdom AlphaDEX Fund 8.6 80 -62 8.5 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 8.6 30 -12 5.9 -4.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 8.5 46 -28 9.3 -0.9
FYLD Cambria Foreign Shareholder Yield ETF 8.5 59 -41 13.6 +3.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.4 42 -24 8.1 -2.2
MOTG VanEck Morningstar Global Wide Moat ETF 8.3 52 -34 5.6 -4.6
EXI iShares Global Industrials ETF 8.3 42 -24 4.5 -5.7
DEW WisdomTree Global High Dividend Fund 8.2 58 -40 8.5 -1.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 8.1 80 -62 3.2 -7.1
TTAI FCF International Quality ETF 8.1 59 -41 5.6 -4.6
KOKU Xtrackers MSCI Kokusai Equity ETF 7.7 9 9 5.2 -5.0
EWC iShares MSCI Canada ETF 7.5 50 -32 6.5 -3.8
NXTG First Trust Indxx NextG ETF 7.4 70 -52 6.2 -4.0
CLNR IQ Cleaner Transport ETF 7.3 45 -27 6.8 -3.4
RAYD Rayliant Quantitative Developed Market Equity ETF 7.3 80 -62 3.8 -6.4
EFAS Global X MSCI SuperDividend EAFE ETF 7.1 57 -39 10.3 +0.0
EPP iShares MSCI Pacific ex-Japan ETF 7.0 47 -29 4.9 -5.3
URTH iShares MSCI World ETF 6.8 24 -6 5.2 -5.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.8 56 -38 13.5 +3.2
FGM First Trust Germany AlphaDEX Fund 6.8 80 -62 6.0 -4.3
GVAL Cambria Global Value ETF 6.7 68 -50 13.1 +2.8
GLOF iShares Global Equity Factor ETF 6.6 20 -2 7.0 -3.2
KOCG FIS Knights of Columbus Global Belief ETF 6.5 75 -57 5.0 -5.2
DWX SPDR S&P International Dividend ETF 6.4 45 -27 6.5 -3.8
KLMT Invesco MSCI Global Climate 500 ETF 6.4 10 8 5.4 -4.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 6.4 19 -1 5.4 -4.9
IXJ iShares Global Healthcare ETF 6.3 42 -24 6.5 -3.7
FLSW Franklin FTSE Switzerland ETF 6.3 9 9 5.3 -5.0
DIVS SmartETFs Dividend Builder ETF 6.3 65 -47 5.0 -5.2
SXUS Janus Henderson International Sustainable Equity ETF 6.3 60 -42 4.2 -6.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 6.2 9 9 5.4 -4.9
ACWI iShares MSCI ACWI ETF 6.1 32 -14 5.3 -5.0
KXI iShares Global Consumer Staples ETF 6.0 41 -23 5.7 -4.5
JIG JPMorgan International Growth ETF 6.0 55 -37 4.6 -5.6
MXI iShares Global Materials ETF 6.0 41 -23 7.0 -3.3
EWN iShares MSCI Netherlands ETF 5.9 50 -32 5.1 -5.1
NTZG Nuveen Global Net Zero Transition ETF 5.9 56 -38 4.7 -5.5
TOK iShares MSCI Kokusai ETF 5.9 26 -8 5.0 -5.2
RXI iShares Global Consumer Discretionary ETF 5.8 41 -23 5.4 -4.9
AGQI First Trust Active Global Quality Income ETF 5.8 85 -67 5.9 -4.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.7 25 -7 5.6 -4.6
BLES Inspire Global Hope ETF 5.6 61 -43 6.4 -3.8
TEMP JPMorgan Climate Change Solutions ETF 5.6 49 -31 5.5 -4.8
KNO AXS Knowledge Leaders ETF 5.5 78 -60 4.9 -5.3
PID Invesco International Dividend Achievers ETF 5.5 53 -35 7.0 -3.2
VT Vanguard Total World Stock ETF 5.4 7 11 5.5 -4.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.3 20 -2 5.2 -5.1
SDG iShares MSCI Global Sustainable Development Goals ETF 5.3 49 -31 5.6 -4.6
XT iShares Exponential Technologies ETF 5.3 46 -28 4.8 -5.5
IMOM Alpha Architect International Quantitative Momentum ETF 5.2 49 -31 5.7 -4.5
EWL iShares MSCI Switzerland ETF 5.0 50 -32 4.5 -5.8
FLAU Franklin FTSE Australia ETF 5.0 9 9 5.4 -4.8
EWA iShares MSCI Australia ETF 5.0 50 -32 4.9 -5.4
JGLO JPMorgan Global Select Equity ETF 5.0 33 -15 4.5 -5.8
OCEN IQ Clean Oceans ETF 4.9 45 -27 6.1 -4.2
SAGP Strategas Global Policy Opportunities ETF 4.9 65 -47 5.3 -5.0
HART IQ Healthy Hearts ETF 4.9 45 -27 5.0 -5.3
GDVD R3 Global Dividend Growth ETF 4.7 88 -70 5.5 -4.7
FDD First Trust Stoxx European Select Dividend Index Fund 4.7 58 -40 13.6 +3.4
IXC iShares Global Energy ETF 4.6 44 -26 8.7 -1.6
FILL iShares MSCI Global Energy Producers ETF 4.6 39 -21 9.6 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 4.5 39 -21 12.8 +2.6
GSIB Themes Global Systemically Important Banks ETF 4.4 35 -17 13.4 +3.2
DVYA iShares Asia/Pacific Dividend ETF 4.4 49 -31 9.0 -1.3
HAP VanEck Natural Resources ETF 4.4 50 -32 10.0 -0.3
CZAR Themes Natural Monopoly ETF 4.3 35 -17 6.3 -4.0
GINN Goldman Sachs Innovate Equity ETF 4.3 52 -34 2.8 -7.5
FDVV Fidelity High Dividend ETF 4.2 15 3 8.7 -1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.2 47 -29 5.5 -4.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.2 45 -27 5.7 -4.6
BIGFX Baron International Growth Retail 4.2 75 -57 3.1 -7.1
BNE Blue Horizon BNE ETF 4.0 87 -69 4.6 -5.7
QTUM Defiance Quantum ETF 4.0 40 -22 3.6 -6.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.0 80 -62 7.6 -2.7
FDRR Fidelity Dividend ETF for Rising Rates 4.0 15 3 7.4 -2.8
CARZ First Trust NASDAQ Global Auto Index Fund 3.9 70 -52 3.8 -6.4
MOTO SmartETFs Smart Transportation & Technology ETF 3.9 68 -50 7.3 -3.0
GLBL Pacer MSCI World Industry Advantage ETF 3.9 65 -47 4.7 -5.5
ACWV iShares MSCI Global Min Vol Factor ETF 3.8 20 -2 6.3 -3.9
CGDV Capital Group Dividend Value ETF 3.7 33 -15 5.6 -4.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.6 45 -27 -0.6 -10.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.6 12 6 4.8 -5.5
RGEF Rockefeller Global Equity ETF 3.5 55 -37 5.0 -5.3
FSZ First Trust Switzerland AlphaDEX Fund 3.5 80 -62 4.2 -6.0
CANC Tema Oncology ETF 3.3 75 -57 -3.6 -13.8
IXN iShares Global Tech ETF 3.2 41 -23 4.5 -5.8
FID First Trust S&P International Dividend Aristocrats ETF 3.1 60 -42 9.0 -1.3
FTAG First Trust Indxx Global Agriculture ETF 3.1 70 -52 9.7 -0.6
OAIM OneAscent International Equity ETF 3.1 95 -77 5.1 -5.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -31 5.7 -4.6
KNCT Invesco Next Gen Connectivity ETF 3.0 40 -22 5.6 -4.7
JXI iShares Global Utilities ETF 3.0 43 -25 5.9 -4.3
EV Mast Global Battery Recycling & Production ETF 3.0 65 -47 12.2 +2.0
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 3.0 75 -57 -1.6 -11.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.0 85 -67 3.5 -6.7
NDIV Amplify Natural Resources Dividend Income ETF 3.0 59 -41 8.5 -1.7
IPAV Global X Infrastructure Development ex-U.S. ETF 3.0 55 -37 9.7 -0.6
ION ProShares S&P Global Core Battery Metals ETF 2.9 58 -40 15.5 +5.3
AIQ Global X Artificial Intelligence & Technology ETF 2.9 68 -50 4.0 -6.3
GSFP Goldman Sachs Future Planet Equity ETF 2.9 75 -57 4.2 -6.0
CRTC Xtrackers US National Critical Technologies ETF 2.9 35 -17 5.1 -5.2
ANEW ProShares MSCI Transformational Changes ETF 2.8 45 -27 3.6 -6.7
FDTX Fidelity Disruptive Technology ETF 2.8 50 -32 2.8 -7.5
WDNA WisdomTree BioRevolution Fund 2.6 45 -27 -3.8 -14.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.6 47 -29 -4.3 -14.5
TOKE Cambria Cannabis ETF 2.5 42 -24 1.8 -8.4
FIXT Procure Disaster Recovery Strategy ETF 2.5 75 -57 5.8 -4.4
EWI iShares MSCI Italy ETF 2.4 50 -32 8.1 -2.1
WDIV SPDR S&P Global Dividend ETF 2.4 40 -22 9.4 -0.9
IVEG iShares Emergent Food and AgTech Multisector ETF 2.4 47 -29 8.0 -2.2
FPAG FPA Global Equity ETF 2.4 49 -31 5.4 -4.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.4 58 -40 4.6 -5.7
FLHK Franklin FTSE Hong Kong ETF 2.4 9 9 6.8 -3.4
EWH iShares MSCI Hong Kong ETF 2.4 50 -32 6.2 -4.1
DIM WisdomTree International MidCap Dividend Fund 2.4 58 -40 7.7 -2.5
AGNG Global X Aging Population ETF 2.3 50 -32 4.2 -6.0
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.3 68 -50 8.2 -2.0
COPX Global X Copper Miners ETF 2.3 65 -47 8.2 -2.1
ICOP iShares Copper and Metals Mining ETF 2.3 47 -29 10.1 -0.1
COPA Themes Copper Miners ETF 2.3 35 -17 7.3 -3.0
UDI USCF Dividend Income Fund 2.3 65 -47 7.3 -3.0
EWD iShares MSCI Sweden ETF 2.3 54 -36 6.6 -3.6
CGUS Capital Group Core Equity ETF 2.3 33 -15 4.4 -5.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 -60 9.0 -1.3
DINT Davis Select International ETF 2.2 55 -37 6.0 -4.2
IGF iShares Global Infrastructure ETF 2.2 41 -23 4.3 -6.0
GII SPDR S&P Global Infrastructure ETF 2.2 40 -22 4.3 -5.9
TINY ProShares Nanotechnology ETF 2.2 58 -40 1.9 -8.4
LOUP Innovator Deepwater Frontier Tech ETF 2.2 70 -52 1.3 -9.0
FAN First Trust Global Wind Energy ETF 2.2 60 -42 5.5 -4.7
CCNR ALPS CoreCommodity Natural Resources ETF 2.1 39 -21 11.0 +0.8
IXP iShares Global Comm Services ETF 2.1 42 -24 5.1 -5.2
ROBO ROBO Global Robotics & Automation Index ETF 2.1 95 -77 3.5 -6.8
IBOT Vaneck Robotics ETF 2.1 47 -29 4.1 -6.1
URA Global X Uranium ETF 2.1 69 -51 2.4 -7.9
BECO BlackRock Future Climate and Sustainable Economy ETF 2.1 70 -52 11.9 +1.7
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.1 49 -31 10.4 +0.2
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 -71 4.9 -5.3
IQRA IQ CBRE Real Assets ETF 2.0 65 -47 5.2 -5.1
NANR SPDR S&P North American Natural Resources ETF 1.9 35 -17 7.4 -2.8
TOLL Tema Monopolies and Oligopolies ETF 1.9 75 -57 3.3 -6.9
CGV Conductor Global Equity Value ETF 1.9 130 -112 10.9 +0.6
BNGE First Trust S-Network Streaming and Gaming ETF 1.8 70 -52 -3.5 -13.7
LUX Tema Luxury ETF 1.8 75 -57 3.0 -7.2
LUXX Roundhill S&P Global Luxury ETF 1.8 45 -27 2.9 -7.4
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 -41 5.8 -4.4
PAWZ ProShares Pet Care ETF 1.8 50 -32 3.8 -6.5
IVES Wedbush ETFMG Global Cloud Technology ETF 1.8 68 -50 5.8 -4.5
SUPL ProShares Supply Chain Logistics ETF 1.8 58 -40 14.2 +4.0
SHLD Global X Defense Tech ETF 1.8 50 -32 4.6 -5.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.7 12 6 8.3 -2.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.7 68 -50 -0.1 -10.4
IDAT iShares Future Cloud 5G and Tech ETF 1.7 47 -29 4.3 -6.0
GDOC Goldman Sachs Future Health Care Equity ETF 1.7 75 -57 3.7 -6.6
VCLN Virtus Duff & Phelps Clean Energy ETF 1.7 59 -41 3.9 -6.4
EWP iShares MSCI Spain ETF 1.7 50 -32 8.4 -1.9
VEGI iShares MSCI Agriculture Producers ETF 1.7 39 -21 9.2 -1.0
ARTY iShares Future AI & Tech ETF 1.6 47 -29 3.8 -6.5
DRIV Global X Autonomous & Electric Vehicles ETF 1.6 68 -50 4.8 -5.4
MJ ETFMG Alternative Harvest 1.5 75 -57 -42.4 -52.6
NATO Themes Transatlantic Defense ETF 1.5 35 -17 3.2 -7.1
SHPP Pacer Industrials and Logistics ETF 1.5 60 -42 9.9 -0.4
IQM Franklin Intelligent Machines ETF 1.5 50 -32 3.2 -7.0
FBOT Fidelity Disruptive Automation ETF 1.4 50 -32 3.6 -6.6
PRNT 3D Printing ETF 1.4 66 -48 0.7 -9.6
BULD Pacer BlueStar Engineering the Future ETF 1.4 60 -42 1.7 -8.5
ISHP First Trust Nasdaq Retail ETF 1.4 60 -42 2.9 -7.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.3 85 -67 8.6 -1.7
GMET VanEck Green Metals ETF 1.3 63 -45 10.7 +0.4
TOGA Tremblant Global ETF 1.3 69 -51 1.9 -8.4
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -44 3.6 -6.6
ASEA Global X FTSE Southeast Asia ETF 1.3 65 -47 6.3 -3.9
EWS iShares MSCI Singapore ETF 1.3 50 -32 5.0 -5.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -43 1.2 -9.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -47 0.2 -10.0
MOO VanEck Agribusiness ETF 1.3 53 -35 9.7 -0.5
FPXI First Trust International Equity Opportunities ETF 1.3 70 -52 4.9 -5.3
CHAT Roundhill Generative AI & Technology ETF 1.2 75 -57 3.8 -6.4
BTEK Future Tech ETF 1.2 88 -70 2.3 -8.0
ARVR First Trust Indxx Metaverse ETF 1.2 70 -52 0.8 -9.4
IVRS iShares Future Metaverse Tech and Communications ETF 1.2 47 -29 -4.9 -15.1
METV Roundhill Ball Metaverse ETF 1.2 59 -41 3.4 -6.9
SMOG VanEck Low Carbon Energy ETF 1.2 61 -43 2.4 -7.9
AADR AdvisorShares Dorsey Wright ADR ETF 1.2 110 -92 5.6 -4.7
RVRB Reverb ETF 1.2 30 -12 4.7 -5.6
CGGR Capital Group Growth ETF 1.2 39 -21 3.2 -7.0
LNGG Roundhill Alerian LNG ETF 1.2 65 -47 9.1 -1.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -37 2.9 -7.4
DWLD Davis Select Worldwide ETF 1.1 63 -45 6.7 -3.5
FDNI First Trust Dow Jones International Internet ETF 1.1 65 -47 2.1 -8.1
CLOD Themes Cloud Computing ETF 1.1 35 -17 2.6 -7.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.1 10 8 7.7 -2.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.1 18 0 6.8 -3.4
DFNL Davis Select Financial ETF 1.1 63 -45 6.6 -3.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.0 68 -50 2.1 -8.2
IVRA Invesco Real Assets ESG ETF 1.0 59 -41 5.4 -4.9
IGE iShares North American Natural Resources ETF 1.0 41 -23 6.1 -4.1
MBOX Freedom Day Dividend ETF 1.0 39 -21 7.4 -2.8
VRAI Virtus Real Asset Income ETF 1.0 55 -37 8.0 -2.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.0 75 -57 4.6 -5.7
SNSR Global X Internet of Things ETF 1.0 68 -50 4.6 -5.6
BOTT Themes Robotics & Automation ETF 1.0 35 -17 4.7 -5.5
KEAT Keating Active ETF 1.0 85 -67 0.0 -10.2
NVIR Horizon Kinetics Energy and Remediation ETF 1.0 85 -67 1.5 -8.7
CZA Invesco Zacks Mid-Cap ETF 1.0 72 -54 5.6 -4.6
FTWO Strive FAANG 2.0 ETF 1.0 49 -31 4.7 -5.6
BATT Amplify Lithium & Battery Technology ETF 0.9 59 -41 -0.1 -10.4
IBAT iShares Energy Storage & Materials ETF 0.9 47 -29 3.1 -7.1
FMIL Fidelity New Millennium ETF 0.9 59 -41 4.8 -5.5
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -32 1.8 -8.4
MINV Matthews Asia Innovators Active ETF 0.9 79 -61 3.0 -7.3
FDCF Fidelity Disruptive Communications ETF 0.9 50 -32 2.6 -7.7
TMFG Motley Fool Global Opportunities ETF 0.9 85 -67 3.2 -7.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.9 46 -28 4.9 -5.4
FBCV Fidelity Blue Chip Value ETF 0.8 59 -41 7.0 -3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.8 70 -52 6.2 -4.1
IBUY Amplify Online Retail ETF 0.8 65 -47 1.4 -8.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.8 75 -57 4.6 -5.7
HAIL SPDR S&P Kensho Smart Mobility ETF 0.7 45 -27 -3.0 -13.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 -1 6.9 -3.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.7 72 -54 1.0 -9.3
LIT Global X Lithium & Battery Tech ETF 0.7 75 -57 9.1 -1.2
APIE ActivePassive International Equity ETF 0.7 45 -27 8.1 -2.1
RNEM First Trust Emerging Markets Equity Select ETF 0.7 75 -57 7.6 -2.7
AVRE Avantis Real Estate ETF 0.7 17 1 5.9 -4.4
IFGL iShares International Developed Real Estate ETF 0.7 48 -30 6.9 -3.3
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -41 7.4 -2.9
EDEN iShares MSCI Denmark ETF 0.7 53 -35 6.9 -3.3
ACTV LeaderShares Activist Leaders ETF 0.7 75 -57 6.7 -3.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.6 58 -40 9.2 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 -27 5.9 -4.3
BLDG Cambria Global Real Estate ETF 0.6 60 -42 14.3 +4.0
VGSR Vert Global Sustainable Real Estate ETF 0.6 47 -29 5.6 -4.6
BJK VanEck Gaming ETF 0.6 65 -47 1.4 -8.9
ESPO VanEck Video Gaming and eSports ETF 0.6 56 -38 3.5 -6.7
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 -42 3.5 -6.7
ODDS Pacer BlueStar Digital Entertainment ETF 0.6 60 -42 2.3 -8.0
BOAT SonicShares Global Shipping ETF 0.6 69 -51 34.8 +24.6
CVAR Cultivar ETF 0.6 87 -69 6.7 -3.6
GVLU Gotham 1000 Value ETF 0.6 50 -32 7.4 -2.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 -21 -1.7 -11.9
GBUY Goldman Sachs Future Consumer Equity ETF 0.6 75 -57 3.3 -6.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 -57 2.9 -7.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.6 79 -61 5.1 -5.2
DFIS Dimensional International Small Cap ETF 0.6 39 -21 6.9 -3.4
THNR Amplify Weight Loss Drug & Treatment ETF 0.6 59 -41 5.2 -5.1
KROP Global X AgTech & Food Innovation ETF 0.6 50 -32 4.7 -5.6
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -32 6.1 -4.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -52 9.8 -0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.5 60 -42 0.5 -9.8
EFNL iShares MSCI Finland ETF 0.5 56 -38 8.0 -2.2
TRFK Pacer Data and Digital Revolution ETF 0.5 60 -42 4.0 -6.2
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -27 -4.6 -14.8
JETS U.S. Global Jets ETF 0.5 60 -42 -13.3 -23.5
AIRL Themes Airlines ETF 0.5 35 -17 -16.7 -26.9
ERET iShares Environmentally Aware Real Estate ETF 0.5 30 -12 6.5 -3.8
DFGR Dimensional Global Real Estate ETF 0.5 22 -4 6.2 -4.0
REET iShares Global REIT ETF 0.5 14 4 6.2 -4.0
SCHC Schwab International Small-Cap Equity ETF 0.5 11 7 6.6 -3.7
IGPT Invesco AI and Next Gen Software ETF 0.5 60 -42 3.8 -6.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 -20 4.8 -5.5
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 -5 9.1 -1.1
AIA iShares Asia 50 ETF 0.4 50 -32 6.6 -3.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 11 6.7 -3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 -32 13.0 +2.7
ECLN First Trust EIP Carbon Impact ETF 0.3 96 -78 4.3 -5.9
EIPI FT Energy Income Partners Enhanced Income ETF 0.3 110 -92 5.1 -5.1
EMLP First Trust North American Energy Infrastructure Fund 0.3 95 -77 4.5 -5.7
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 -32 7.0 -3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -31 7.0 -3.3
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 -42 21.5 +11.3
MVPS Amplify Thematic All-Stars ETF 0.3 49 -31 2.7 -7.6
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 -24 6.4 -3.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -57 4.3 -6.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -22 6.6 -3.7
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 -7 8.5 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 3 10.2 -0.0
STXV Strive 1000 Value ETF 0.2 18 0 7.5 -2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 -15 8.2 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -21 7.2 -3.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 -2 1.0 -9.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -18 7.8 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 3 7.2 -3.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 -21 12.5 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 7 8.4 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -41 11.3 +1.1
DISV Dimensional International Small Cap Value ETF 0.1 42 -24 9.1 -1.1
JRE Janus Henderson U.S. Real Estate ETF 0.1 65 -47 5.6 -4.7
ROOF IQ CBRE NextGen Real Estate ETF 0.1 60 -42 8.1 -2.1
STRV Strive 500 ETF 0.1 5 13 4.9 -5.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 11 7.3 -2.9

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

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Fidelity International 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 10.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.