Franklin FTSE Eurozone ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Europe Hedged ETF tracks a market-cap-weighted and currency-hedged index of large- and midcap companies in developed Europe.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $19
Currency USD
Expense ratio 9 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 281
Wgt avg mkt cap (mns) $100,922
Large cap (>$10bn) 93.2%
Mid cap ($2-10bn) 6.5%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 6.7 %
LVMH MOET HENNESSY LOUIS VUI 4.0 %
SAP AG 3.6 %
SIEMENS AG-REG 2.6 %
TOTAL SA 2.5 %
SCHNEIDER ELECTRIC SA 2.1 %
L'OREAL 1.9 %
ALLIANZ SE-REG 1.9 %
AIR LIQUIDE SA 1.8 %
SANOFI-AVENTIS 1.8 %
Total 28.9 %

TOP COUNTRY EXPOSURE
FRANCE 31.7 %
GERMANY 25.3 %
NETHERLANDS 16.5 %
SPAIN 7.7 %
ITALY 7.4 %
FINLAND 3.1 %
BELGIUM 2.2 %
BRITAIN 1.0 %
SWITZERLAND 0.9 %
IRELAND 0.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.6% 19.3% 7.5% -- 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.76 64%
MSCI EAFE 0.83 79%
MSCI Emg. Mkts. 0.60 40%

Technical Indicators
Recent close $24.22
30d moving avg. $26.05
Annualized volatility 16.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $13,153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 458 potential alternatives to the Franklin FTSE Eurozone ETF ETF based on the alternatives' overlap in portfolio holdings with FLEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLEU Expense: 9 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLEU
Ticker Fund
Name		 Overlap1
vs FLEU
(%)		 Expense
ratio
(bp)		 Savings
vs FLEU
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLEU
(%)
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 86.9 45 -36 6.5 -0.7
EZU iShares MSCI Eurozone ETF 86.9 52 -43 6.6 -0.7
FEZ SPDR EURO STOXX 50 ETF 63.3 29 -20 6.8 -0.5
IEV iShares Europe ETF 49.7 67 -58 6.6 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 46.7 9 0 7.1 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.6 46 -37 6.5 -0.8
HEDJ WisdomTree Europe Hedged Equity Fund 45.7 58 -49 9.5 +2.2
IEUR iShares Core MSCI Europe ETF 45.1 11 -2 7.1 -0.2
SPEU SPDR Portfolio Europe ETF 44.9 7 2 7.1 -0.2
FLEE Franklin FTSE Europe ETF 44.6 9 0 7.2 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 43.5 25 -16 7.2 -0.1
VGK Vanguard FTSE Europe ETF 43.3 11 -2 7.1 -0.2
DOL WisdomTree International LargeCap Dividend Fund 34.4 48 -39 7.9 +0.6
EWQ iShares MSCI France ETF 34.0 53 -44 6.3 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 33.2 20 -11 6.5 -0.8
EFV iShares MSCI EAFE Value ETF 32.9 34 -25 9.4 +2.2
DMXF iShares ESG Advanced MSCI EAFE ETF 32.1 12 -3 5.5 -1.7
EFA iShares MSCI EAFE ETF 32.1 35 -26 6.9 -0.4
EFG iShares MSCI EAFE Growth ETF 31.1 36 -27 4.5 -2.8
ESGD iShares ESG Aware MSCI EAFE ETF 31.1 20 -11 6.9 -0.4
DIVI Franklin International Core Dividend Tilt Index ETF 31.0 9 0 8.1 +0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.9 40 -31 7.9 +0.6
DWM WisdomTree International Equity Fund 30.7 48 -39 8.0 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.7 36 -27 6.6 -0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 30.4 35 -26 6.6 -0.7
IVLU iShares MSCI Intl Value Factor ETF 30.1 30 -21 11.4 +4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.0 14 -5 6.2 -1.1
JIRE JPMorgan International Research Enhanced Equity ETF 29.9 24 -15 7.1 -0.2
IQSI IQ Candriam International Equity ETF 29.8 15 -6 6.6 -0.7
IQIN IQ 500 International ETF 29.8 25 -16 9.2 +1.9
STXI Strive International Developed Markets ETF 29.4 29 -20 6.9 -0.4
JHMD John Hancock Multifactor Developed International ETF 29.2 39 -30 7.8 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 28.8 20 -11 7.1 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 28.8 20 -11 7.0 -0.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 28.7 48 -39 5.7 -1.6
FEUZ First Trust Eurozone AlphaDEX ETF 28.7 80 -71 6.7 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.5 45 -36 8.9 +1.7
IEFA iShares Core MSCI EAFE ETF 28.0 7 2 7.1 -0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 28.0 30 -21 7.3 -0.0
FENI Fidelity Enhanced International ETF 27.0 28 -19 8.1 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.9 25 -16 7.2 -0.1
SCHF Schwab International Equity ETF 26.3 6 3 7.5 +0.2
BKIE BNY Mellon International Equity ETF 26.0 4 5 7.1 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 25.8 25 -16 9.9 +2.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 25.7 20 -11 6.9 -0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 25.7 12 -3 5.9 -1.4
IQLT iShares MSCI Intl Quality Factor ETF 25.7 30 -21 6.2 -1.1
IDHQ Invesco S&P International Developed High Quality ETF 25.5 29 -20 6.5 -0.8
CIL VictoryShares International Volatility Wtd ETF 24.9 45 -36 7.0 -0.3
EWG iShares MSCI Germany ETF 24.8 50 -41 6.4 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 24.8 4 5 7.1 -0.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 24.8 51 -42 7.1 -0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.6 58 -49 6.5 -0.8
DTH WisdomTree International High Dividend Fund 24.4 58 -49 10.1 +2.9
FLGR Franklin FTSE Germany ETF 23.7 9 0 7.0 -0.3
DAX Global X DAX Germany ETF 23.3 21 -12 6.9 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 23.1 3 6 7.2 -0.1
VEA Vanguard FTSE Developed Markets ETF 22.9 5 4 7.3 +0.0
DFAI Dimensional International Core Equity Market ETF 22.8 18 -9 7.3 +0.0
IMTM iShares MSCI Intl Momentum Factor ETF 22.5 30 -21 6.3 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 22.5 24 -15 6.5 -0.8
PATN Pacer Nasdaq International Patent Leaders ETF 22.2 65 -56 6.5 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 22.2 31 -22 6.7 -0.6
EQIN Columbia US Equity Income ETF 21.9 35 -26 8.3 +1.0
FIVA Fidelity International Value Factor ETF 21.9 18 -9 10.2 +3.0
DTAN Sparkline International Intangible Value ETF 21.7 55 -46 9.2 +1.9
DIHP Dimensional International High Profitability ETF 21.5 29 -20 7.6 +0.4
DFIV Dimensional International Value ETF 21.4 27 -18 10.0 +2.7
INTF iShares International Equity Factor ETF 21.2 15 -6 8.2 +0.9
IMFL Invesco International Developed Dynamic Multifactor ETF 21.1 34 -25 5.9 -1.4
CGIE Capital Group International Equity ETF 20.9 54 -45 4.9 -2.4
DFIC Dimensional International Core Equity 2 ETF 20.9 23 -14 7.7 +0.4
TPIF Timothy Plan International ETF 20.6 62 -53 6.8 -0.5
RFEU First Trust Riverfront Dynamic Europe ETF 20.5 83 -74 11.1 +3.8
VYMI Vanguard International High Dividend Yield ETF 20.4 22 -13 9.8 +2.5
IDMO Invesco S&P International Developed Momentum ETF 20.2 25 -16 5.9 -1.4
CWI SPDR MSCI ACWI ex-US ETF 20.0 30 -21 6.9 -0.3
UMMA Wahed Dow Jones Islamic World ETF 20.0 65 -56 4.6 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 19.8 34 -25 7.0 -0.3
OSEA Harbor International Compounders ETF 19.5 55 -46 4.3 -3.0
FEP First Trust Europe AlphaDEX Fund 19.3 80 -71 7.8 +0.5
QINT American Century Quality Diversified International ETF 19.1 39 -30 7.7 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.1 41 -32 7.4 +0.1
AVDE Avantis International Equity ETF 18.8 23 -14 8.1 +0.8
BKCI BNY Mellon Concentrated International ETF 18.7 80 -71 4.2 -3.1
AVSD Avantis Responsible International Equity ETF 18.6 23 -14 7.1 -0.2
DWMF WisdomTree International Multifactor Fund 18.6 38 -29 7.4 +0.2
IDLV Invesco S&P International Developed Low Volatility ETF 18.4 25 -16 6.2 -1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.4 39 -30 7.5 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 18.2 8 1 7.3 -0.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 17.9 18 -9 7.0 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.7 39 -30 7.4 +0.2
VWID Virtus WMC International Dividend ETF 17.7 49 -40 9.6 +2.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 17.7 22 -13 6.6 -0.7
UIVM VictoryShares International Value Momentum ETF 17.5 35 -26 11.0 +3.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 17.5 32 -23 6.0 -1.3
EUFN iShares MSCI Europe Financials ETF 17.5 51 -42 8.1 +0.8
IXUS iShares Core MSCI Total International Stock ETF 17.3 7 2 7.2 -0.1
FGM First Trust Germany AlphaDEX Fund 17.2 80 -71 6.0 -1.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 17.2 58 -49 6.4 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 17.1 42 -33 6.8 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 16.7 83 -74 10.0 +2.7
VXUS Vanguard Total International Stock ETF 16.6 7 2 7.2 -0.1
CID VictoryShares International High Div Volatility Wtd ETF 16.6 45 -36 11.9 +4.6
AVIV Avantis International Large Cap Value ETF 16.6 25 -16 9.0 +1.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.4 80 -71 5.6 -1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 15.4 9 0 9.9 +2.6
VSGX Vanguard ESG International Stock ETF 14.9 12 -3 6.8 -0.5
JIG JPMorgan International Growth ETF 14.6 55 -46 4.6 -2.6
EWN iShares MSCI Netherlands ETF 14.4 50 -41 5.1 -2.2
FIDI Fidelity International High Dividend ETF 14.1 18 -9 10.9 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 14.0 30 -21 8.0 +0.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 13.8 24 -15 8.7 +1.4
CGGO Capital Group Global Growth Equity ETF 13.6 47 -38 4.6 -2.7
WWJD Inspire International ETF 13.6 80 -71 7.3 0.0
CGXU Capital Group International Focus Equity ETF 13.5 54 -45 4.9 -2.4
SXUS Janus Henderson International Sustainable Equity ETF 13.3 60 -51 4.2 -3.1
FDEV Fidelity International Multifactor ETF 13.1 18 -9 7.8 +0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 13.0 65 -56 8.2 +0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 12.8 37 -28 8.9 +1.6
DGT SPDR Global Dow ETF 12.7 50 -41 6.8 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.6 29 -20 8.6 +1.3
IQDE FlexShares International Quality Dividend Defensive Index ET 12.6 47 -38 14.8 +7.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 12.4 65 -56 12.8 +5.5
EXI iShares Global Industrials ETF 12.3 42 -33 4.5 -2.8
FICS First Trust International Developed Capital Strength ETF 12.3 70 -61 5.3 -2.0
JHID John Hancock International High Dividend ETF 12.3 46 -37 11.3 +4.1
LVHI Franklin International Low Volatility High Dividend Index ET 12.2 40 -31 10.1 +2.8
IGRO iShares International Dividend Growth ETF 11.9 15 -6 7.5 +0.3
OCEN IQ Clean Oceans ETF 11.9 45 -36 6.1 -1.2
LUXX Roundhill S&P Global Luxury ETF 11.7 45 -36 2.9 -4.4
IDOG ALPS International Sector Dividend Dogs ETF 11.6 50 -41 12.8 +5.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.5 47 -38 9.4 +2.1
AGQI First Trust Active Global Quality Income ETF 11.1 85 -76 5.9 -1.4
CLNR IQ Cleaner Transport ETF 11.1 45 -36 6.8 -0.5
RXI iShares Global Consumer Discretionary ETF 10.8 41 -32 5.4 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 10.7 60 -51 12.5 +5.2
VIGI Vanguard International Dividend Appreciation ETF 10.4 15 -6 6.4 -0.9
LUX Tema Luxury ETF 10.2 75 -66 3.0 -4.3
ESGG FlexShares STOXX Global ESG Select Index Fund 10.2 42 -33 5.1 -2.2
WRND IQ Global Equity R&D Leaders ETF 9.7 18 -9 7.5 +0.2
IDV iShares International Select Dividend ETF 9.6 51 -42 12.2 +5.0
NTZG Nuveen Global Net Zero Transition ETF 9.6 56 -47 4.7 -2.6
DSTX Distillate International Fundamental Stability & Value ETF 9.4 55 -46 8.0 +0.7
TEMP JPMorgan Climate Change Solutions ETF 9.4 49 -40 5.5 -1.8
IXG iShares Global Financials ETF 9.4 42 -33 6.2 -1.1
DEW WisdomTree Global High Dividend Fund 9.4 58 -49 8.5 +1.2
SCHY Schwab International Dividend Equity ETF 9.3 14 -5 9.3 +2.1
CGDG Capital Group Dividend Growers ETF 9.3 47 -38 6.6 -0.7
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 -38 12.9 +5.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 9.2 65 -56 4.3 -3.0
BLES Inspire Global Hope ETF 9.2 61 -52 6.4 -0.8
DIM WisdomTree International MidCap Dividend Fund 9.0 58 -49 7.7 +0.4
MOTG VanEck Morningstar Global Wide Moat ETF 9.0 52 -43 5.6 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.0 42 -33 8.1 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 8.9 30 -21 5.9 -1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 8.9 80 -71 9.1 +1.8
EUDV ProShares MSCI Europe Dividend Growers ETF 8.8 55 -46 5.3 -2.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 8.8 80 -71 3.2 -4.1
RODE Hartford Multifactor Diversified International ETF 8.6 29 -20 11.8 +4.5
EFAS Global X MSCI SuperDividend EAFE ETF 8.6 57 -48 10.3 +3.0
KOKU Xtrackers MSCI Kokusai Equity ETF 8.5 9 0 5.2 -2.1
DMDV AAM S&P Developed Markets High Dividend Value ETF 8.5 39 -30 12.1 +4.8
BINV Brandes International ETF 8.5 70 -61 8.5 +1.2
IMOM Alpha Architect International Quantitative Momentum ETF 8.2 49 -40 5.7 -1.6
CZAR Themes Natural Monopoly ETF 8.2 35 -26 6.3 -1.0
VIDI Vident International Equity Strategy ETF 8.1 61 -52 10.2 +2.9
EWI iShares MSCI Italy ETF 8.1 50 -41 8.1 +0.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 8.0 25 -16 5.6 -1.7
FYLD Cambria Foreign Shareholder Yield ETF 7.9 59 -50 13.6 +6.3
TOK iShares MSCI Kokusai ETF 7.9 26 -17 5.0 -2.3
MOTI VanEck Morningstar International Moat ETF 7.8 58 -49 5.9 -1.4
URTH iShares MSCI World ETF 7.5 24 -15 5.2 -2.1
OAIM OneAscent International Equity ETF 7.4 95 -86 5.1 -2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.4 47 -38 5.5 -1.8
TTAI FCF International Quality ETF 7.3 59 -50 5.6 -1.7
FDD First Trust Stoxx European Select Dividend Index Fund 7.3 58 -49 13.6 +6.3
DWX SPDR S&P International Dividend ETF 7.2 45 -36 6.5 -0.8
XT iShares Exponential Technologies ETF 7.2 46 -37 4.8 -2.5
IVAL Alpha Architect International Quantitative Value ETF 7.0 49 -40 9.5 +2.2
EWP iShares MSCI Spain ETF 7.0 50 -41 8.4 +1.1
WLDR Affinity World Leaders Equity ETF 6.9 67 -58 8.1 +0.8
AIVI WisdomTree International AI Enhanced Value Fund 6.9 58 -49 8.5 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 6.8 10 -1 5.4 -1.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 6.8 45 -36 5.7 -1.6
PCGG Polen Capital Global Growth ETF 6.7 85 -76 3.5 -3.8
ACWI iShares MSCI ACWI ETF 6.7 32 -23 5.3 -2.0
IOO iShares Global 100 ETF 6.5 41 -32 4.8 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 6.5 9 0 5.4 -1.9
KXI iShares Global Consumer Staples ETF 6.5 41 -32 5.7 -1.6
IPKW Invesco International BuyBack Achievers ETF 6.5 55 -46 11.0 +3.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 6.4 50 -41 5.3 -2.0
FDTX Fidelity Disruptive Technology ETF 6.4 50 -41 2.8 -4.5
GSFP Goldman Sachs Future Planet Equity ETF 6.2 75 -66 4.2 -3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 6.2 12 -3 4.8 -2.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.1 56 -47 13.5 +6.2
FINE Themes European Luxury ETF 6.0 35 -26 -2.3 -9.5
JGLO JPMorgan Global Select Equity ETF 6.0 33 -24 4.5 -2.8
VT Vanguard Total World Stock ETF 5.9 7 2 5.5 -1.8
KOCG FIS Knights of Columbus Global Belief ETF 5.9 75 -66 5.0 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.9 20 -11 5.2 -2.1
GLOF iShares Global Equity Factor ETF 5.8 20 -11 7.0 -0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.6 58 -49 4.6 -2.7
DFIS Dimensional International Small Cap ETF 5.4 39 -30 6.9 -0.4
RAYD Rayliant Quantitative Developed Market Equity ETF 5.4 80 -71 3.8 -3.4
IBAT iShares Energy Storage & Materials ETF 5.0 47 -38 3.1 -4.2
BLLD JPMorgan Sustainable Infrastructure ETF 5.0 49 -40 5.7 -1.6
JXI iShares Global Utilities ETF 4.9 43 -34 5.9 -1.3
BIGFX Baron International Growth Retail 4.9 75 -66 3.1 -4.1
CLOD Themes Cloud Computing ETF 4.9 35 -26 2.6 -4.7
IXJ iShares Global Healthcare ETF 4.9 42 -33 6.5 -0.8
MXI iShares Global Materials ETF 4.8 41 -32 7.0 -0.3
BNE Blue Horizon BNE ETF 4.8 87 -78 4.6 -2.7
CARZ First Trust NASDAQ Global Auto Index Fund 4.8 70 -61 3.8 -3.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.6 79 -70 5.1 -2.2
RGEF Rockefeller Global Equity ETF 4.6 55 -46 5.0 -2.3
SHPP Pacer Industrials and Logistics ETF 4.5 60 -51 9.9 +2.6
KNO AXS Knowledge Leaders ETF 4.3 78 -69 4.9 -2.3
IXN iShares Global Tech ETF 4.3 41 -32 4.5 -2.8
TINY ProShares Nanotechnology ETF 4.3 58 -49 1.9 -5.4
GNR SPDR S&P Global Natural Resources ETF 4.2 40 -31 9.7 +2.4
GVAL Cambria Global Value ETF 4.2 68 -59 13.1 +5.8
IXC iShares Global Energy ETF 4.1 44 -35 8.7 +1.4
NATO Themes Transatlantic Defense ETF 4.0 35 -26 3.2 -4.1
BULD Pacer BlueStar Engineering the Future ETF 4.0 60 -51 1.7 -5.5
LOUP Innovator Deepwater Frontier Tech ETF 4.0 70 -61 1.3 -6.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.9 58 -49 9.2 +2.0
FID First Trust S&P International Dividend Aristocrats ETF 3.9 60 -51 9.0 +1.7
FNDC Schwab Fundamental International Small Co. Index ETF 3.9 39 -30 7.2 -0.1
DIVS SmartETFs Dividend Builder ETF 3.9 65 -56 5.0 -2.3
FILL iShares MSCI Global Energy Producers ETF 3.9 39 -30 9.6 +2.3
IXP iShares Global Comm Services ETF 3.9 42 -33 5.1 -2.2
PRNT 3D Printing ETF 3.8 66 -57 0.7 -6.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.8 46 -37 9.3 +2.1
NXTG First Trust Indxx NextG ETF 3.8 70 -61 6.2 -1.1
AIQ Global X Artificial Intelligence & Technology ETF 3.8 68 -59 4.0 -3.3
BECO BlackRock Future Climate and Sustainable Economy ETF 3.8 70 -61 11.9 +4.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.8 45 -36 -0.6 -7.8
GINN Goldman Sachs Innovate Equity ETF 3.7 52 -43 2.8 -4.5
GBUY Goldman Sachs Future Consumer Equity ETF 3.7 75 -66 3.3 -3.9
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 3.6 55 -46 2.9 -4.4
ISCF iShares International SmallCap Equity Factor ETF 3.6 23 -14 9.1 +1.8
FAN First Trust Global Wind Energy ETF 3.5 60 -51 5.5 -1.8
GII SPDR S&P Global Infrastructure ETF 3.5 40 -31 4.3 -3.0
IGF iShares Global Infrastructure ETF 3.5 41 -32 4.3 -3.0
HART IQ Healthy Hearts ETF 3.5 45 -36 5.0 -2.3
WDIV SPDR S&P Global Dividend ETF 3.2 40 -31 9.4 +2.1
ROBO ROBO Global Robotics & Automation Index ETF 3.2 95 -86 3.5 -3.8
VCLN Virtus Duff & Phelps Clean Energy ETF 3.2 59 -50 3.9 -3.4
FBOT Fidelity Disruptive Automation ETF 3.2 50 -41 3.6 -3.6
GDVD R3 Global Dividend Growth ETF 3.2 88 -79 5.5 -1.8
IBOT Vaneck Robotics ETF 3.2 47 -38 4.1 -3.2
DTEC ALPS Disruptive Technologies ETF 3.1 50 -41 3.7 -3.6
DRIV Global X Autonomous & Electric Vehicles ETF 3.1 68 -59 4.8 -2.5
SNSR Global X Internet of Things ETF 3.1 68 -59 4.6 -2.6
MOTO SmartETFs Smart Transportation & Technology ETF 3.1 68 -59 7.3 0.0
DINT Davis Select International ETF 3.0 55 -46 6.0 -1.3
DISV Dimensional International Small Cap Value ETF 3.0 42 -33 9.1 +1.9
IDRV iShares Self-driving EV & Tech ETF 2.9 47 -38 -0.4 -7.7
KNCT Invesco Next Gen Connectivity ETF 2.8 40 -31 5.6 -1.7
TOLL Tema Monopolies and Oligopolies ETF 2.8 75 -66 3.3 -3.9
QTUM Defiance Quantum ETF 2.8 40 -31 3.6 -3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.8 46 -37 4.9 -2.4
IPAV Global X Infrastructure Development ex-U.S. ETF 2.7 55 -46 9.7 +2.4
EWK iShares MSCI Belgium ETF 2.7 50 -41 7.9 +0.6
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.7 75 -66 4.6 -2.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.6 75 -66 7.9 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.6 49 -40 7.0 -0.3
BWEB Bitwise Web3 ETF 2.6 85 -76 0.7 -6.6
ACWV iShares MSCI Global Min Vol Factor ETF 2.6 20 -11 6.3 -0.9
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -80 4.9 -2.4
SMOG VanEck Low Carbon Energy ETF 2.6 61 -52 2.4 -4.9
ISHP First Trust Nasdaq Retail ETF 2.5 60 -51 2.9 -4.4
IQM Franklin Intelligent Machines ETF 2.5 50 -41 3.2 -4.0
FPAG FPA Global Equity ETF 2.5 49 -40 5.4 -1.9
HAP VanEck Natural Resources ETF 2.4 50 -41 10.0 +2.7
NETZ TCW Transform Systems ETF 2.4 75 -66 3.6 -3.7
EFNL iShares MSCI Finland ETF 2.3 56 -47 8.0 +0.7
IVEG iShares Emergent Food and AgTech Multisector ETF 2.3 47 -38 8.0 +0.7
IQRA IQ CBRE Real Assets ETF 2.2 65 -56 5.2 -2.1
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.1 65 -56 1.6 -5.6
OGIG ALPS O'Shares Global Internet Giants ETF 2.1 48 -39 1.9 -5.4
UFO Procure Space ETF 2.1 75 -66 -2.0 -9.3
IEUS iShares MSCI Europe Small-Cap ETF 2.0 42 -33 6.4 -0.9
SCZ iShares MSCI EAFE Small-Cap ETF 2.0 40 -31 6.6 -0.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.0 70 -61 3.5 -3.8
NBCC Neuberger Berman Next Generation Connected Consumer ETF 2.0 56 -47 1.1 -6.2
SYNB Putnam BioRevolution ETF 2.0 70 -61 3.0 -4.3
BTEK Future Tech ETF 2.0 88 -79 2.3 -5.0
ARKX ARK Space Exploration & Innovation ETF 1.9 75 -66 2.4 -4.9
FDNI First Trust Dow Jones International Internet ETF 1.9 65 -56 2.1 -5.2
HDRO Defiance Next Gen H2 ETF 1.8 30 -21 -21.5 -28.8
IDNA iShares Genomics Immunology and Healthcare ETF 1.8 47 -38 -4.3 -11.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.8 65 -56 0.2 -7.0
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 -50 5.8 -1.4
LNGG Roundhill Alerian LNG ETF 1.8 65 -56 9.1 +1.8
IVES Wedbush ETFMG Global Cloud Technology ETF 1.8 68 -59 5.8 -1.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 -66 2.9 -4.4
JETS U.S. Global Jets ETF 1.7 60 -51 -13.3 -20.6
GLBL Pacer MSCI World Industry Advantage ETF 1.6 65 -56 4.7 -2.6
ICLN iShares Global Clean Energy ETF 1.6 41 -32 6.0 -1.3
FDRR Fidelity Dividend ETF for Rising Rates 1.6 15 -6 7.4 +0.1
IDAT iShares Future Cloud 5G and Tech ETF 1.6 47 -38 4.3 -3.0
CGGR Capital Group Growth ETF 1.6 39 -30 3.2 -4.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 -30 11.0 +3.8
FTAG First Trust Indxx Global Agriculture ETF 1.5 70 -61 9.7 +2.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.4 39 -30 -1.7 -9.0
SUPL ProShares Supply Chain Logistics ETF 1.4 58 -49 14.2 +6.9
TMFG Motley Fool Global Opportunities ETF 1.3 85 -76 3.2 -4.1
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 -36 3.6 -3.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -52 1.2 -6.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -40 5.6 -1.6
CHAT Roundhill Generative AI & Technology ETF 1.2 75 -66 3.8 -3.4
ARTY iShares Future AI & Tech ETF 1.2 47 -38 3.8 -3.5
PBD Invesco Global Clean Energy ETF 1.2 75 -66 -5.3 -12.6
IBUY Amplify Online Retail ETF 1.1 65 -56 1.4 -5.9
BPAY BlackRock Future Financial and Technology ETF 1.1 70 -61 8.2 +0.9
GSIB Themes Global Systemically Important Banks ETF 1.1 35 -26 13.4 +6.2
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 1.0 75 -66 4.7 -2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 -1 7.7 +0.4
FDFF Fidelity Disruptive Finance ETF 1.0 50 -41 4.1 -3.2
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -61 4.3 -3.0
FINX Global X FinTech ETF 0.9 68 -59 2.6 -4.7
TOGA Tremblant Global ETF 0.9 69 -60 1.9 -5.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.9 68 -59 -0.1 -7.4
CGDV Capital Group Dividend Value ETF 0.9 33 -24 5.6 -1.7
BGAIX Baron Global Advantage 0.9 75 -66 0.6 -6.7
DWLD Davis Select Worldwide ETF 0.9 63 -54 6.7 -0.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 -3 8.3 +1.0
FPXI First Trust International Equity Opportunities ETF 0.8 70 -61 4.9 -2.4
SHLD Global X Defense Tech ETF 0.8 50 -41 4.6 -2.7
WDNA WisdomTree BioRevolution Fund 0.8 45 -36 -3.8 -11.1
IFGL iShares International Developed Real Estate ETF 0.8 48 -39 6.9 -0.3
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 -21 6.5 -0.8
EIRL iShares MSCI Ireland ETF 0.8 50 -41 7.1 -0.2
ARKF ARK Fintech Innovation ETF 0.8 75 -66 -0.4 -7.7
BFTHX Baron Fifth Avenue Growth Retail 0.8 75 -66 1.7 -5.6
SEA U.S. Global Sea to Sky Cargo ETF 0.8 60 -51 21.5 +14.3
BUYZ Franklin Disruptive Commerce ETF 0.8 50 -41 1.8 -5.5
DFNL Davis Select Financial ETF 0.8 63 -54 6.6 -0.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.8 18 -9 6.8 -0.5
TRFK Pacer Data and Digital Revolution ETF 0.8 60 -51 4.0 -3.3
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 -53 3.6 -3.7
SAGP Strategas Global Policy Opportunities ETF 0.7 65 -56 5.3 -2.0
GGME Invesco Next Gen Media and Gaming ETF 0.7 60 -51 3.5 -3.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.7 85 -76 3.5 -3.8
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -76 3.9 -3.4
IGPT Invesco AI and Next Gen Software ETF 0.6 60 -51 3.8 -3.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 -24 8.2 +1.0
EWO iShares MSCI Austria ETF 0.6 50 -41 14.1 +6.8
FMET Fidelity Metaverse ETF 0.6 39 -30 5.4 -1.9
IVRS iShares Future Metaverse Tech and Communications ETF 0.6 47 -38 -4.9 -12.1
ARVR First Trust Indxx Metaverse ETF 0.6 70 -61 0.8 -6.5
FDVV Fidelity High Dividend ETF 0.6 15 -6 8.7 +1.4
MOO VanEck Agribusiness ETF 0.6 53 -44 9.7 +2.5
CRTC Xtrackers US National Critical Technologies ETF 0.6 35 -26 5.1 -2.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.5 45 -36 3.1 -4.2
KROP Global X AgTech & Food Innovation ETF 0.5 50 -41 4.7 -2.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 2 6.7 -0.6
SCHC Schwab International Small-Cap Equity ETF 0.5 11 -2 6.6 -0.7
CGW Invesco S&P Global Water Index ETF 0.5 57 -48 4.4 -2.9
AWAY ETFMG Travel Tech ETF 0.5 76 -67 -5.2 -12.5
IWTR iShares MSCI Water Management Multisector ETF 0.5 47 -38 5.0 -2.3
AGNG Global X Aging Population ETF 0.5 50 -41 4.2 -3.1
FRNW Fidelity Clean Energy ETF 0.5 39 -30 2.6 -4.7
AVDV Avantis International Small Cap Value ETF 0.5 36 -27 8.1 +0.9
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -41 6.1 -1.2
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -50 7.4 +0.1
CRAK VanEck Oil Refiners ETF 0.5 61 -52 14.7 +7.5
CUT Invesco MSCI Global Timber ETF 0.4 61 -52 8.4 +1.1
WOOD iShares Global Timber & Forestry ETF 0.4 42 -33 9.8 +2.5
PIO Invesco Global Water ETF 0.4 75 -66 5.2 -2.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 -38 4.9 -2.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 -46 1.9 -5.3
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 -49 0.3 -6.9
FDCF Fidelity Disruptive Communications ETF 0.4 50 -41 2.6 -4.7
THNR Amplify Weight Loss Drug & Treatment ETF 0.4 59 -50 5.2 -2.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.4 39 -30 -1.7 -8.9
AHOY Newday Ocean Health ETF 0.4 75 -66 6.2 -1.1
FMED Fidelity Disruptive Medicine ETF 0.4 50 -41 -0.4 -7.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 -38 8.0 +0.7
REET iShares Global REIT ETF 0.4 14 -5 6.2 -1.0
DFGR Dimensional Global Real Estate ETF 0.4 22 -13 6.2 -1.1
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 -38 5.6 -1.7
TINT ProShares Smart Materials ETF 0.4 58 -49 6.4 -0.9
EBLU Ecofin Global Water ESG Fund 0.3 40 -31 4.9 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 -30 12.8 +5.6
BMED Future Health ETF 0.3 85 -76 -0.2 -7.5
HELX Franklin Genomic Advancements ETF 0.3 50 -41 0.4 -6.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 -36 5.9 -1.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.3 60 -51 0.5 -6.8
BOTT Themes Robotics & Automation ETF 0.3 35 -26 4.7 -2.5
AVRE Avantis Real Estate ETF 0.3 17 -8 5.9 -1.4
EV Mast Global Battery Recycling & Production ETF 0.3 65 -56 12.2 +4.9
AZTD Aztlan Global Stock Selection DM SMID ETF 0.3 75 -66 7.8 +0.5
CANC Tema Oncology ETF 0.3 75 -66 -3.6 -10.9
FDHT Fidelity Digital Health ETF 0.3 39 -30 -2.3 -9.6
MVPS Amplify Thematic All-Stars ETF 0.3 49 -40 2.7 -4.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 -51 4.1 -3.2
BTECX Baron Technology 0.2 75 -66 2.4 -4.9
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 -36 -4.6 -11.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 -59 2.1 -5.2
APIE ActivePassive International Equity ETF 0.2 45 -36 8.1 +0.8
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 -52 2.9 -4.4
RNRG Global X Renewable Energy Producers ETF 0.2 66 -57 5.5 -1.8
PTEC Global X PropTech ETF 0.2 50 -41 1.6 -5.7
FMIL Fidelity New Millennium ETF 0.2 59 -50 4.8 -2.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 -66 4.6 -2.7
AUSF Global X Adaptive U.S. Factor ETF 0.2 27 -18 8.6 +1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 5 5.6 -1.7
EDOC Global X Telemedicine & Digital Health ETF Registered 0.2 68 -59 -4.1 -11.3
GNOM Global X Genomics & Biotechnology ETF 0.2 50 -41 -5.6 -12.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.2 24 -15 7.3 +0.1
QLV FlexShares US Quality Low Volatility Index Fund 0.2 22 -13 3.8 -3.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.2 15 -6 5.8 -1.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 -29 4.8 -2.5
PSP Invesco Global Listed Private Equity ETF 0.1 106 -97 7.7 +0.4
IBLC iShares Blockchain and Tech ETF 0.1 47 -38 -1.7 -8.9
OND ProShares On-Demand ETF 0.1 58 -49 -2.2 -9.4
PEX ProShares Global Listed Private Equity ETF 0.1 81 -72 11.7 +4.4
ODDS Pacer BlueStar Digital Entertainment ETF 0.1 60 -51 2.3 -5.0
GDOC Goldman Sachs Future Health Care Equity ETF 0.1 75 -66 3.7 -3.6
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 -9 6.4 -0.9
URAN Themes Uranium & Nuclear ETF 0.1 35 -26 1.9 -5.4
BLDG Cambria Global Real Estate ETF 0.1 60 -51 14.3 +7.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -77 1.6 -5.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -77 1.2 -6.0
AIRL Themes Airlines ETF 0.1 35 -26 -16.7 -24.0
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.1 60 -51 6.4 -0.9
INDS Pacer Industrial Real Estate ETF 0.1 55 -46 5.7 -1.6
BATT Amplify Lithium & Battery Technology ETF 0.1 59 -50 -0.1 -7.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.1 72 -63 1.0 -6.3
FIXT Procure Disaster Recovery Strategy ETF 0.1 75 -66 5.8 -1.4
LIMI Themes Lithium & Battery Metal Miners ETF 0.1 35 -26 4.7 -2.6
BETZ Roundhill Sports Betting & iGaming ETF 0.1 75 -66 1.6 -5.7
BJK VanEck Gaming ETF 0.1 65 -56 1.4 -5.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -71 10.8 +3.5
ECLN First Trust EIP Carbon Impact ETF 0.1 96 -87 4.3 -2.9
RECS Columbia Research Enhanced Core ETF 0.1 15 -6 5.5 -1.8
SDIV Global X Superdividend ETF 0.1 58 -49 14.9 +7.6
RVRB Reverb ETF 0.1 30 -21 4.7 -2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 -20 5.5 -1.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 -6 6.3 -1.0
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 -30 9.2 +1.9
ESPO VanEck Video Gaming and eSports ETF 0.0 56 -47 3.5 -3.8
HERO Global X Video Games & Esports ETF 0.0 50 -41 4.4 -2.8
NERD Roundhill Video Games ETF 0.0 50 -41 7.1 -0.1
SRET Global X SuperDividend REIT ETF 0.0 59 -50 9.7 +2.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 -3 6.2 -1.1
GWX SPDR S&P International Small Cap ETF 0.0 40 -31 6.5 -0.8
TAN Invesco Solar ETF 0.0 67 -58 10.4 +3.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 -8 6.9 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 2 7.3 +0.0
CGV Conductor Global Equity Value ETF 0.0 130 -121 10.9 +3.6
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 -52 18.6 +11.3
IPOS Renaissance International IPO ETF 0.0 80 -71 -0.8 -8.1
WNDY Global X Wind Energy ETF 0.0 50 -41 6.1 -1.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 -2 4.9 -2.4

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

  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:		 Franklin FTSE Eurozone ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.