Franklin FTSE Hong Kong ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 1.6x
P/BV
ratio		 1.0x Div.
yield		 4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLHK offers market-cap-based exposure to large- and midcap Hong Kong equities

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $14
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 72
Wgt avg mkt cap (mns) $37,527
Large cap (>$10bn) 83.1%
Mid cap ($2-10bn) 15.4%
Small cap (<$2bn) 1.5%
Developed mkts 95.0%
Emerging mkts 5.0%

TOP TEN HOLDINGS
AIA GROUP LTD 20.8 %
HONG KONG EXCHANGES & CLEAR 13.4 %
TECHTRONIC INDUSTRIES CO 4.6 %
CK HUTCHISON HOLDINGS LTD 4.1 %
SUN HUNG KAI PROPERTIES 3.4 %
BOC HONG KONG HOLDINGS LTD 3.3 %
CLP HOLDINGS LTD 3.3 %
LENOVO GROUP LTD 3.0 %
LINK REIT 2.9 %
HANG SENG BANK LTD 2.4 %
Total 61.1 %

TOP COUNTRY EXPOSURE
HONG KONG 92.1 %
MACAU 1.9 %
BERMUDA 1.1 %
CHINA 1.0 %
ITALY 1.0 %
LUXEMBOURG 0.9 %
SINGAPORE 0.6 %
UNITED STATES 0.2 %
CAMBODIA 0.1 %
TAIWAN 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.6% 18.6% -0.0% -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.51 11%
MSCI EAFE 0.85 33%
MSCI Emg. Mkts. 1.10 59%

Technical Indicators
Recent close $19.17
30d moving avg. $19.43
Annualized volatility 24.3%
Short interest (ETF) 1.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $910

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 293 potential alternatives to the Franklin FTSE Hong Kong ETF ETF based on the alternatives' overlap in portfolio holdings with FLHK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLHK Expense: 9 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLHK
Ticker Fund
Name		 Overlap1
vs FLHK
(%)		 Expense
ratio
(bp)		 Savings
vs FLHK
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLHK
(%)
EWH iShares MSCI Hong Kong ETF 79.0 50 -41 5.2 -1.5
DVYA iShares Asia/Pacific Dividend ETF 24.3 49 -40 7.7 +1.0
EPP iShares MSCI Pacific ex-Japan ETF 18.3 47 -38 5.1 -1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 18.3 19 -10 5.8 -0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.0 80 -71 5.9 -0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 9.2 80 -71 9.1 +2.4
IFGL iShares International Developed Real Estate ETF 8.2 48 -39 7.0 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 7.9 57 -48 8.3 +1.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.8 10 -1 8.0 +1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.2 12 -3 8.1 +1.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.2 78 -69 9.4 +2.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.2 56 -47 10.7 +4.0
IDV iShares International Select Dividend ETF 6.3 51 -42 10.6 +3.9
AIA iShares Asia 50 ETF 6.1 50 -41 12.9 +6.2
GVAL Cambria Global Value ETF 5.9 68 -59 10.5 +3.8
VPL Vanguard FTSE Pacific ETF 5.8 7 2 6.8 +0.2
BKCI BNY Mellon Concentrated International ETF 5.6 80 -71 5.3 -1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.4 32 -23 6.0 -0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.4 22 -13 5.8 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 5.3 19 -10 9.4 +2.7
GCOW Pacer Global Cash Cows Dividend ETF 5.3 60 -51 10.9 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.2 70 -61 9.5 +2.8
FID First Trust S&P International Dividend Aristocrats ETF 5.1 60 -51 7.9 +1.2
IPAC iShares Core MSCI Pacific ETF 5.1 9 0 6.3 -0.4
DTH WisdomTree International High Dividend Fund 5.0 58 -49 8.4 +1.7
WWJD Inspire International ETF 4.9 80 -71 7.3 +0.6
GQRE FlexShares Global Quality Real Estate Index Fund 4.9 45 -36 7.8 +1.1
RWX SPDR Dow Jones International Real Estate ETF 4.8 59 -50 6.9 +0.2
DIM WisdomTree International MidCap Dividend Fund 4.7 58 -49 7.5 +0.8
AIVI WisdomTree International AI Enhanced Value Fund 4.6 58 -49 7.0 +0.3
DINT Davis Select International ETF 4.4 55 -46 8.1 +1.4
WDIV SPDR S&P Global Dividend ETF 4.3 40 -31 9.2 +2.5
UIVM VictoryShares International Value Momentum ETF 4.3 35 -26 8.9 +2.2
RODE Hartford Multifactor Diversified International ETF 4.3 29 -20 11.4 +4.7
TCHI iShares MSCI China Multisector Tech ETF 4.1 59 -50 16.6 +9.9
JPIN J.P. Morgan Diversified Return International Equity ETF 4.0 37 -28 8.3 +1.7
MCH Matthews China Active ETF 4.0 79 -70 14.3 +7.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.9 47 -38 8.4 +1.7
FEOE First Eagle Overseas Equity ETF 3.9 79 -70 8.0 +1.4
FYLD Cambria Foreign Shareholder Yield ETF 3.8 59 -50 11.6 +4.9
KTEC KraneShares Hang Seng TECH Index ETF 3.7 69 -60 19.3 +12.6
FIDI Fidelity International High Dividend ETF 3.6 18 -9 8.7 +2.0
DWMF WisdomTree International Multifactor Fund 3.6 38 -29 7.0 +0.3
JHID John Hancock International High Dividend ETF 3.6 46 -37 9.5 +2.8
FENI Fidelity Enhanced International ETF 3.5 28 -19 6.6 -0.1
OSEA Harbor International Compounders ETF 3.5 55 -46 4.8 -1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.5 29 -20 7.7 +1.1
BJK VanEck Gaming ETF 3.4 65 -56 3.9 -2.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.4 80 -71 9.6 +2.9
AGQI First Trust Active Global Quality Income ETF 3.3 85 -76 4.9 -1.8
IQDF FlexShares International Quality Dividend Index Fund 3.2 47 -38 8.9 +2.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.2 65 -56 4.3 -2.4
ERET iShares Environmentally Aware Real Estate ETF 3.1 30 -21 7.3 +0.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.1 65 -56 12.1 +5.4
IQRA IQ CBRE Real Assets ETF 3.0 65 -56 5.7 -1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 3.0 12 -3 5.5 -1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.9 30 -21 7.0 +0.3
DWM WisdomTree International Equity Fund 2.9 48 -39 7.4 +0.7
SRET Global X SuperDividend REIT ETF 2.9 59 -50 12.0 +5.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.8 40 -31 7.4 +0.7
TPIF Timothy Plan International ETF 2.8 62 -53 6.2 -0.5
CIL VictoryShares International Volatility Wtd ETF 2.7 45 -36 6.6 -0.1
FIVA Fidelity International Value Factor ETF 2.7 18 -9 9.9 +3.2
BLES Inspire Global Hope ETF 2.7 61 -52 6.8 +0.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.7 24 -15 7.4 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 -40 5.8 -0.9
IDLV Invesco S&P International Developed Low Volatility ETF 2.6 25 -16 6.3 -0.4
CGDG Capital Group Dividend Growers ETF 2.6 47 -38 6.3 -0.4
IQLT iShares MSCI Intl Quality Factor ETF 2.6 30 -21 6.3 -0.4
CGIE Capital Group International Equity ETF 2.6 54 -45 5.1 -1.6
VEA Vanguard FTSE Developed Markets ETF 2.5 3 6 7.2 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.4 50 -41 6.0 -0.7
DWLD Davis Select Worldwide ETF 2.4 63 -54 7.2 +0.5
DOL WisdomTree International LargeCap Dividend Fund 2.4 48 -39 7.2 +0.5
IVLU iShares MSCI Intl Value Factor ETF 2.4 30 -21 10.4 +3.7
CGXU Capital Group International Focus Equity ETF 2.4 54 -45 5.6 -1.1
VIDI Vident International Equity Strategy ETF 2.3 61 -52 10.9 +4.2
VWID Virtus WMC International Dividend ETF 2.3 49 -40 8.5 +1.8
INEQ Columbia International Equity Income ETF 2.3 45 -36 8.1 +1.4
JCHI JPMorgan Active China ETF 2.3 65 -56 15.5 +8.8
DIVI Franklin International Core Dividend Tilt Index ETF 2.3 9 0 7.9 +1.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.2 35 -26 6.6 -0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.2 32 -23 16.1 +9.4
HFXI IQ FTSE International Equity Currency Neutral ETF 2.2 20 -11 7.1 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.1 9 0 9.1 +2.4
FEGE First Eagle Global Equity ETF 2.1 79 -70 7.0 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 -30 5.8 -0.9
IGRO iShares International Dividend Growth ETF 2.1 15 -6 7.3 +0.6
VIGI Vanguard International Dividend Appreciation ETF 2.1 10 -1 6.3 -0.4
VSGX Vanguard ESG International Stock ETF 2.1 10 -1 7.7 +1.0
EFV iShares MSCI EAFE Value ETF 2.1 34 -25 9.1 +2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.0 14 -5 6.2 -0.5
EFA iShares MSCI EAFE ETF 2.0 35 -26 6.7 +0.0
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 5 8.1 +1.4
CHIQ Global X MSCI China Consumer Discretionary ETF 2.0 65 -56 16.2 +9.5
EFG iShares MSCI EAFE Growth ETF 2.0 36 -27 4.4 -2.3
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -41 12.1 +5.4
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 -31 10.3 +3.6
IQSI IQ Candriam International Equity ETF 2.0 15 -6 6.6 -0.1
VYMI Vanguard International High Dividend Yield ETF 1.9 17 -8 9.5 +2.9
SCHF Schwab International Equity ETF 1.9 6 3 7.3 +0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.9 20 -11 6.5 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.9 36 -27 6.5 -0.2
IDHQ Invesco S&P International Developed High Quality ETF 1.8 29 -20 6.6 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 1.8 20 -11 6.9 +0.2
IEFA iShares Core MSCI EAFE ETF 1.8 7 2 7.0 +0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 -40 6.8 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.8 20 -11 6.3 -0.4
OAIM OneAscent International Equity ETF 1.8 95 -86 5.7 -1.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.8 45 -36 10.7 +4.0
VXUS Vanguard Total International Stock ETF 1.8 5 4 7.9 +1.2
ESGD iShares ESG Aware MSCI EAFE ETF 1.8 20 -11 6.7 +0.1
INTF iShares International Equity Factor ETF 1.8 15 -6 7.6 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 -24 10.2 +3.5
SDIV Global X Superdividend ETF 1.7 58 -49 41.3 +34.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 -27 8.0 +1.3
ROAM Hartford Multifactor Emerging Markets ETF 1.7 44 -35 12.2 +5.6
IMFL Invesco International Developed Dynamic Multifactor ETF 1.7 34 -25 6.1 -0.6
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 -46 7.9 +1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.7 12 -3 6.0 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.7 39 -30 7.9 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 1.7 4 5 7.0 +0.3
JIRE JPMorgan International Research Enhanced Equity ETF 1.7 24 -15 7.2 +0.5
RGEF Rockefeller Global Equity ETF 1.7 55 -46 4.8 -1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 1.7 31 -22 6.3 -0.4
BKIE BNY Mellon International Equity ETF 1.7 4 5 7.0 +0.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.6 65 -56 8.1 +1.4
CGV Conductor Global Equity Value ETF 1.6 130 -121 8.3 +1.6
FDEV Fidelity International Multifactor ETF 1.6 18 -9 7.5 +0.8
RWO SPDR Dow Jones Global Real Estate ETF 1.6 50 -41 7.0 +0.3
DVYE iShares Emerging Markets Dividend ETF 1.6 49 -40 18.5 +11.8
SPDW SPDR Portfolio Developed World ex-US ETF 1.6 3 6 7.0 +0.3
DFAI Dimensional International Core Equity Market ETF 1.6 18 -9 7.1 +0.4
AVDE Avantis International Equity ETF 1.6 23 -14 7.4 +0.7
AVIV Avantis International Large Cap Value ETF 1.6 25 -16 8.6 +1.9
JIG JPMorgan International Growth ETF 1.6 55 -46 4.8 -1.9
JHMD John Hancock Multifactor Developed International ETF 1.5 39 -30 7.6 +0.9
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 -49 8.1 +1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.5 25 -16 7.1 +0.4
DFIV Dimensional International Value ETF 1.5 27 -18 9.6 +2.9
VEGI iShares MSCI Agriculture Producers ETF 1.5 39 -30 8.6 +1.9
AVSD Avantis Responsible International Equity ETF 1.5 23 -14 5.7 -1.0
NXTG First Trust Indxx NextG ETF 1.4 70 -61 5.3 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 1.4 25 -16 9.6 +2.9
DIHP Dimensional International High Profitability ETF 1.4 29 -20 7.2 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.4 45 -36 8.8 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 -25 7.8 +1.1
JGLO JPMorgan Global Select Equity ETF 1.3 33 -24 4.9 -1.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 -16 13.0 +6.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 -9 7.9 +1.2
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 -66 11.0 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.3 95 -86 11.8 +5.1
DWX SPDR S&P International Dividend ETF 1.3 45 -36 6.1 -0.6
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -14 7.4 +0.7
GXC SPDR S&P China ETF 1.3 59 -50 15.4 +8.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 -11 6.2 -0.5
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 -21 7.7 +1.0
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 2 7.9 +1.2
FDRR Fidelity Dividend ETF for Rising Rates 1.3 15 -6 7.0 +0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -71 11.2 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 -32 7.5 +0.8
DXIV Dimensional International Vector Equity ETF 1.2 34 -25 7.8 +1.1
MCHI iShares MSCI China ETF 1.2 59 -50 17.7 +11.0
IXG iShares Global Financials ETF 1.2 42 -33 6.5 -0.2
BOAT SonicShares Global Shipping ETF 1.2 69 -60 27.3 +20.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.2 42 -33 7.3 +0.6
ERTH Invesco MSCI Sustainable Future ETF 1.1 62 -53 3.7 -3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -41 11.1 +4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 -21 7.9 +1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.1 58 -49 7.1 +0.4
PPIE Putnam PanAgora ESG International Equity ETF 1.1 49 -40 7.4 +0.7
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 -32 6.8 +0.1
DISV Dimensional International Small Cap Value ETF 1.0 42 -33 9.1 +2.4
STXI Strive International Developed Markets ETF 1.0 29 -20 6.7 -0.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 -33 7.2 +0.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 -47 0.3 -6.4
FINE Themes European Luxury ETF 1.0 35 -26 3.5 -3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.0 39 -30 6.7 +0.0
DFIS Dimensional International Small Cap ETF 1.0 39 -30 7.3 +0.6
SHPP Pacer Industrials and Logistics ETF 1.0 60 -51 8.6 +1.9
REET iShares Global REIT ETF 1.0 14 -5 7.4 +0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 -58 13.6 +6.9
AVRE Avantis Real Estate ETF 0.9 17 -8 7.1 +0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -71 10.6 +3.9
MINV Matthews Asia Innovators Active ETF 0.9 79 -70 7.4 +0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 -30 16.5 +9.8
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -80 4.8 -1.9
KALL KraneShares MSCI All China Index ETF 0.9 49 -40 14.9 +8.2
DFSI Dimensional International Sustainability Core 1 ETF 0.9 24 -15 6.3 -0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 -32 8.7 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.9 83 -74 9.4 +2.7
DFGR Dimensional Global Real Estate ETF 0.9 22 -13 7.4 +0.7
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 -21 5.9 -0.8
WTRE WisdomTree New Economy Real Estate Fund 0.9 58 -49 9.9 +3.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.8 40 -31 6.9 +0.2
DTAN Sparkline International Intangible Value ETF 0.8 55 -46 8.5 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.8 33 -24 8.8 +2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.8 33 -24 8.6 +1.9
CGGO Capital Group Global Growth Equity ETF 0.8 47 -38 4.7 -2.0
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 -14 8.2 +1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -30 11.0 +4.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.7 35 -26 18.6 +11.9
BKF iShares MSCI BIC ETF 0.7 69 -60 13.8 +7.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 -33 9.7 +3.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -37 5.6 -1.1
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -49 11.8 +5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.7 15 -6 8.1 +1.4
VT Vanguard Total World Stock ETF 0.7 6 3 5.9 -0.8
DEW WisdomTree Global High Dividend Fund 0.7 58 -49 8.4 +1.7
LDEM iShares ESG MSCI EM Leaders ETF 0.6 17 -8 14.1 +7.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 -29 9.3 +2.6
AVES Avantis Emerging Markets Value ETF 0.6 36 -27 11.1 +4.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 -31 7.2 +0.5
CZAR Themes Natural Monopoly ETF 0.6 35 -26 5.7 -1.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 -40 10.3 +3.6
AVDS Avantis International Small Cap Equity ETF 0.6 30 -21 7.3 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.6 49 -40 9.6 +2.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 -3 5.2 -1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.5 15 -6 10.4 +3.7
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 -16 11.9 +5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 -21 9.2 +2.6
TOK iShares MSCI Kokusai ETF 0.5 26 -17 5.0 -1.7
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 -16 10.4 +3.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 -20 6.6 -0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 -40 15.9 +9.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 0 5.7 -1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 -36 10.5 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 -50 9.0 +2.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 -21 5.5 -1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 -27 10.0 +3.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 0 5.2 -1.5
URTH iShares MSCI World ETF 0.5 24 -15 5.1 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 -11 5.6 -1.1
ACWI iShares MSCI ACWI ETF 0.5 32 -23 5.5 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 2 10.7 +4.0
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 -1 5.7 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 -2 10.2 +3.5
GGME Invesco Next Gen Media and Gaming ETF 0.5 60 -51 4.2 -2.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.5 49 -40 10.4 +3.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 -16 5.9 -0.8
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 -70 8.1 +1.4
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 -7 8.6 +1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 -39 7.5 +0.8
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 -26 9.4 +2.7
EXI iShares Global Industrials ETF 0.4 42 -33 4.5 -2.2
QINT American Century Quality Diversified International ETF 0.4 39 -30 7.3 +0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -57 9.7 +3.0
SCHY Schwab International Dividend Equity ETF 0.4 14 -5 9.7 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 -21 10.6 +3.9
EEM iShares MSCI Emerging Markets ETF 0.4 69 -60 10.5 +3.8
JETS U.S. Global Jets ETF 0.4 60 -51 2.6 -4.1
AIRL Themes Airlines ETF 0.4 35 -26 1.7 -5.0
FDVV Fidelity High Dividend ETF 0.3 15 -6 7.6 +0.9
AVDV Avantis International Small Cap Value ETF 0.3 36 -27 9.5 +2.8
BINV Brandes International ETF 0.3 70 -61 9.4 +2.8
IDX VanEck Indonesia Index ETF 0.3 57 -48 7.2 +0.5
WRND IQ Global Equity R&D Leaders ETF 0.3 18 -9 8.2 +1.6
FPAG FPA Global Equity ETF 0.3 49 -40 5.7 -1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 -23 9.3 +2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 -33 5.4 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 0 10.6 +3.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 -38 5.8 -0.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.3 75 -66 3.1 -3.6
IDMO Invesco S&P International Developed Momentum ETF 0.3 25 -16 5.3 -1.4
ECON Columbia Emerging Markets Consumer ETF 0.3 49 -40 12.6 +6.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.3 85 -76 8.7 +2.0
SETM Sprott Energy Transition Materials ETF 0.3 65 -56 2.8 -3.9
GMET VanEck Green Metals ETF 0.3 63 -54 9.1 +2.4
COPX Global X Copper Miners ETF 0.3 65 -56 7.6 +0.9
DMAT Global X Disruptive Materials ETF 0.3 59 -50 7.8 +1.2
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -50 6.7 0.0
ICOP iShares Copper and Metals Mining ETF 0.3 47 -38 8.6 +1.9
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -50 3.6 -3.1
AGMI Themes Silver Miners ETF 0.3 35 -26 5.6 -1.1
COPA Themes Copper Miners ETF 0.3 35 -26 5.9 -0.8
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -43 3.7 -3.0
PATN Pacer Nasdaq International Patent Leaders ETF 0.2 65 -56 6.2 -0.5
GWX SPDR S&P International Small Cap ETF 0.2 40 -31 6.0 -0.7
GLOF iShares Global Equity Factor ETF 0.2 20 -11 6.5 -0.2
ECNS iShares MSCI China Small-Cap ETF 0.2 59 -50 8.0 +1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -30 12.7 +6.0
RAYD Rayliant Quantitative Developed Market Equity ETF 0.2 80 -71 4.4 -2.3
DFEV Dimensional Emerging Markets Value ETF 0.2 43 -34 13.4 +6.7
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -59 5.0 -1.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 -16 6.6 -0.1
WLDR Affinity World Leaders Equity ETF 0.1 67 -58 7.5 +0.8
BLDG Cambria Global Real Estate ETF 0.1 60 -51 11.5 +4.8
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 -49 9.7 +3.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -61 7.8 +1.1
SCHC Schwab International Small-Cap Equity ETF 0.0 11 -2 6.6 -0.1
IWTR iShares MSCI Water Management Multisector ETF 0.0 47 -38 5.8 -0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 1 6.1 -0.6
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -30 11.6 +4.9

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

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Hong Kong 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 6.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.63
 
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.