Franklin FTSE Hong Kong ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 10.6x P/Sales
ratio		 1.3x
P/BV
ratio		 0.8x 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) $10
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 75
Wgt avg mkt cap (mns) $30,319
Large cap (>$10bn) 75.6%
Mid cap ($2-10bn) 21.3%
Small cap (<$2bn) 3.1%
Developed mkts 96.8%
Emerging mkts 3.2%

TOP TEN HOLDINGS
AIA GROUP LTD 19.2 %
HONG KONG EXCHANGES & CLEAR 10.9 %
SUN HUNG KAI PROPERTIES 4.0 %
TECHTRONIC INDUSTRIES CO 3.9 %
CLP HOLDINGS LTD 3.9 %
CK HUTCHISON HOLDINGS LTD 3.8 %
LINK REIT 3.5 %
GALAXY ENTERTAINMENT GROUP L 3.2 %
BOC HONG KONG HOLDINGS LTD 2.6 %
CK ASSET HOLDINGS LIMITED 2.5 %
Total 57.5 %

TOP COUNTRY EXPOSURE
HONG KONG 90.8 %
MACAU 2.6 %
LUXEMBOURG 1.8 %
ITALY 1.0 %
BERMUDA 1.0 %
SINGAPORE 0.5 %
CHINA 0.5 %
CAMBODIA 0.2 %
UNITED STATES 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.8% -15.6% -5.4% -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.41 11%
MSCI EAFE 0.77 37%
MSCI Emg. Mkts. 0.99 64%

Technical Indicators
Recent close $16.38
30d moving avg. $18.05
Annualized volatility 21.9%
Short interest (ETF) 0.6%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.3%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $757

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 282 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™: 7.5%


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 80.4 50 -41 7.1 -0.5
DVYA iShares Asia/Pacific Dividend ETF 24.4 49 -40 9.1 +1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 17.5 19 -10 5.8 -1.7
EPP iShares MSCI Pacific ex-Japan ETF 16.4 47 -38 5.3 -2.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 10.8 80 -71 10.0 +2.5
WPS iShares International Developed Property ETF 8.5 48 -39 7.2 -0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.1 10 -1 8.1 +0.6
IFGL iShares International Developed Real Estate ETF 7.8 48 -39 7.0 -0.6
FID First Trust S&P International Dividend Aristocrats ETF 7.7 60 -51 9.9 +2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.3 12 -3 8.7 +1.2
WDIV SPDR S&P Global Dividend ETF 6.6 40 -31 10.2 +2.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.4 56 -47 13.9 +6.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 6.3 22 -13 6.2 -1.3
AIA iShares Asia 50 ETF 6.2 50 -41 6.9 -0.6
IDV iShares International Select Dividend ETF 6.0 51 -42 12.3 +4.8
FLAX Franklin FTSE Asia Ex Japan ETF 5.8 19 -10 7.2 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.8 32 -23 6.7 -0.8
CID VictoryShares International High Div Volatility Wtd ETF 5.7 45 -36 9.5 +2.0
BKCI BNY Mellon Concentrated International ETF 5.5 80 -71 5.2 -2.3
BJK VanEck Gaming ETF 5.3 65 -56 1.8 -5.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 5.3 39 -30 12.6 +5.1
MOTI VanEck Morningstar International Moat ETF 5.2 58 -49 6.9 -0.6
RWX SPDR Dow Jones International Real Estate ETF 5.1 59 -50 7.1 -0.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.0 68 -59 8.8 +1.3
JHID John Hancock International High Dividend ETF 5.0 46 -37 11.4 +3.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.0 70 -61 6.3 -1.2
UIVM VictoryShares International Value Momentum ETF 5.0 35 -26 10.6 +3.1
EFAS Global X MSCI SuperDividend EAFE ETF 4.9 57 -48 9.7 +2.2
IPAC iShares Core MSCI Pacific ETF 4.6 9 0 6.6 -0.9
VPL Vanguard FTSE Pacific ETF 4.6 8 1 6.9 -0.6
AIVI WisdomTree International AI Enhanced Value Fund 4.5 58 -49 8.0 +0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.5 78 -69 8.9 +1.4
WWJD Inspire International ETF 4.5 80 -71 7.1 -0.4
ERET iShares Environmentally Aware Real Estate ETF 4.1 30 -21 7.2 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 4.0 34 -25 10.6 +3.1
GVAL Cambria Global Value ETF 4.0 68 -59 12.3 +4.8
GDVD R3 Global Dividend Growth ETF 3.9 88 -79 5.8 -1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 3.7 37 -28 8.7 +1.2
LVHI Franklin International Low Volatility High Dividend Index ET 3.7 40 -31 10.1 +2.6
IQRA IQ CBRE Real Assets ETF 3.6 65 -56 5.9 -1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.6 29 -20 8.7 +1.2
VWID Virtus WMC International Dividend ETF 3.5 49 -40 9.4 +1.9
CGXU Capital Group International Focus Equity ETF 3.3 54 -45 4.1 -3.4
SXUS Janus Henderson International Sustainable Equity ETF 3.3 60 -51 4.6 -2.9
DIM WisdomTree International MidCap Dividend Fund 3.2 58 -49 7.6 +0.1
LUX Tema Luxury ETF 3.2 75 -66 3.3 -4.3
DINT Davis Select International ETF 3.1 55 -46 4.7 -2.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.1 80 -71 5.4 -2.2
DIVI Franklin International Core Dividend Tilt Index ETF 3.0 9 0 8.0 +0.5
TPIF Timothy Plan International ETF 3.0 62 -53 6.7 -0.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.0 30 -21 6.8 -0.7
ISZE iShares MSCI Intl Size Factor ETF 3.0 30 -21 6.5 -1.0
MCH Matthews China Active ETF 3.0 79 -70 6.1 -1.4
DTH WisdomTree International High Dividend Fund 3.0 58 -49 10.1 +2.6
FIDI Fidelity International High Dividend ETF 3.0 18 -9 10.1 +2.6
GCOW Pacer Global Cash Cows Dividend ETF 2.9 60 -51 13.6 +6.1
TCHI iShares MSCI China Multisector Tech ETF 2.9 59 -50 3.1 -4.5
VIDI Vident International Equity Strategy ETF 2.8 61 -52 11.9 +4.4
RODE Hartford Multifactor Diversified International ETF 2.8 29 -20 11.5 +4.0
SRET Global X SuperDividend REIT ETF 2.8 59 -50 10.1 +2.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 2.7 51 -42 6.8 -0.7
DWX SPDR S&P International Dividend ETF 2.7 45 -36 7.1 -0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.7 9 0 9.8 +2.3
FYLD Cambria Foreign Shareholder Yield ETF 2.7 59 -50 11.9 +4.4
CIL VictoryShares International Volatility Wtd ETF 2.6 45 -36 6.8 -0.7
FCA First Trust China AlphaDEX Fund 2.6 80 -71 18.0 +10.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 -41 5.1 -2.5
KOIN Capital Link Global Fintech Leaders ETF 2.6 75 -66 4.5 -3.0
SDG iShares MSCI Global Sustainable Development Goals ETF 2.5 49 -40 5.8 -1.8
KTEC KraneShares Hang Seng TECH Index ETF 2.4 69 -60 -3.9 -11.5
OSEA Harbor International Compounders ETF 2.4 55 -46 3.7 -3.8
FIVA Fidelity International Value Factor ETF 2.3 18 -9 9.3 +1.8
SDIV Global X Superdividend ETF 2.2 58 -49 17.6 +10.1
VIGI Vanguard International Dividend Appreciation ETF 2.2 15 -6 5.5 -2.0
IQLT iShares MSCI Intl Quality Factor ETF 2.2 30 -21 5.7 -1.8
BLES Inspire Global Hope ETF 2.2 61 -52 6.3 -1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.2 49 -40 6.7 -0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 2.2 12 -3 5.4 -2.2
GBUY Goldman Sachs Future Consumer Equity ETF 2.1 75 -66 3.1 -4.4
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 -41 11.6 +4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.0 20 -11 10.7 +3.2
HFXI IQ FTSE International Equity Currency Neutral ETF 2.0 20 -11 6.8 -0.8
EFV iShares MSCI EAFE Value ETF 1.9 34 -25 9.1 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.9 40 -31 7.8 +0.3
NUDM Nuveen ESG International Developed Markets Equity ETF 1.9 31 -22 6.4 -1.1
DWM WisdomTree International Equity Fund 1.9 48 -39 7.8 +0.3
DWLD Davis Select Worldwide ETF 1.9 63 -54 5.6 -1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.9 36 -27 6.4 -1.2
GSID Goldman Sachs MarketBeta International Equity ETF 1.9 20 -11 6.6 -0.9
JCHI JPMorgan Active China ETF 1.8 65 -56 8.0 +0.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 -30 6.8 -0.7
LUXX Roundhill S&P Global Luxury ETF 1.8 45 -36 2.7 -4.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -71 10.7 +3.2
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 -38 10.7 +3.2
IGRO iShares International Dividend Growth ETF 1.8 15 -6 7.1 -0.4
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -70 5.7 -1.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.8 35 -26 6.4 -1.1
IVLU iShares MSCI Intl Value Factor ETF 1.7 30 -21 10.6 +3.1
EFA iShares MSCI EAFE ETF 1.7 35 -26 6.4 -1.2
SCHF Schwab International Equity ETF 1.7 6 3 7.0 -0.5
JRNY ALPS Global Travel Beneficiaries ETF 1.7 65 -56 -0.0 -7.5
ERTH Invesco MSCI Sustainable Future ETF 1.7 62 -53 3.7 -3.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 -11 6.3 -1.2
ESGN Columbia International ESG Equity Income ETF 1.7 45 -36 9.0 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.7 14 -5 6.2 -1.4
FDEV Fidelity International Multifactor ETF 1.7 18 -9 7.5 -0.0
IQSI IQ Candriam International Equity ETF 1.7 15 -6 6.4 -1.1
JIRE JPMorgan International Research Enhanced Equity ETF 1.7 24 -15 6.7 -0.8
AVIV Avantis International Large Cap Value ETF 1.7 25 -16 8.8 +1.3
DOL WisdomTree International LargeCap Dividend Fund 1.7 48 -39 7.7 +0.2
BKIE BNY Mellon International Equity ETF 1.6 4 5 6.9 -0.7
JHMD John Hancock Multifactor Developed International ETF 1.6 39 -30 7.3 -0.2
IEFA iShares Core MSCI EAFE ETF 1.6 7 2 2.7 -4.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.6 80 -71 16.4 +8.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.6 33 -24 7.2 -0.4
AVDE Avantis International Equity ETF 1.6 23 -14 7.8 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.6 20 -11 6.2 -1.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 -11 6.7 -0.8
VEA Vanguard FTSE Developed Markets ETF 1.6 5 4 7.0 -0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.6 32 -23 5.7 -1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.5 25 -16 7.4 -0.1
EFG iShares MSCI EAFE Growth ETF 1.5 36 -27 4.1 -3.5
RWO SPDR Dow Jones Global Real Estate ETF 1.5 50 -41 6.9 -0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 -56 8.4 +0.9
RAYD Rayliant Quantitative Developed Market Equity ETF 1.5 80 -71 4.5 -3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 -30 7.3 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 1.5 25 -16 9.0 +1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -86 11.4 +3.9
IDEV iShares Core MSCI International Developed Markets ETF 1.4 4 5 6.7 -0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.4 20 -11 6.9 -0.6
GQRE FlexShares Global Quality Real Estate Index Fund 1.4 45 -36 6.8 -0.7
DFAI Dimensional International Core Equity Market ETF 1.4 18 -9 6.9 -0.7
VYMI Vanguard International High Dividend Yield ETF 1.4 22 -13 9.7 +2.2
DIHP Dimensional International High Profitability ETF 1.4 29 -20 6.9 -0.6
KBUY KraneShares CICC China Consumer Leaders Index ETF 1.3 69 -60 0.0 -7.5
EDIV SPDR S&P Emerging Markets Dividend ETF 1.3 49 -40 11.0 +3.5
FPXI First Trust International Equity Opportunities ETF 1.3 70 -61 3.6 -3.9
CGV Conductor Global Equity Value ETF 1.3 130 -121 11.3 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 8 1 7.2 -0.4
GXC SPDR S&P China ETF 1.3 59 -50 9.1 +1.6
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 6 6.9 -0.6
INTF iShares International Equity Factor ETF 1.3 15 -6 7.8 +0.3
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -14 7.4 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 -32 6.6 -0.9
DFIV Dimensional International Value ETF 1.2 27 -18 9.8 +2.3
DFIS Dimensional International Small Cap ETF 1.2 39 -30 6.7 -0.8
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 -30 9.2 +1.7
VSGX Vanguard ESG International Stock ETF 1.2 12 -3 6.8 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 -25 6.7 -0.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 -16 12.0 +4.5
CHAT Roundhill Generative AI & Technology ETF 1.2 75 -66 4.2 -3.3
VXUS Vanguard Total International Stock ETF 1.2 7 2 7.1 -0.4
IDLV Invesco S&P International Developed Low Volatility ETF 1.2 25 -16 5.8 -1.7
CGGO Capital Group Global Growth Equity ETF 1.2 47 -38 4.3 -3.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.2 49 -40 19.1 +11.6
SEA U.S. Global Sea to Sky Cargo ETF 1.2 60 -51 24.1 +16.6
DVYE iShares Emerging Markets Dividend ETF 1.2 49 -40 16.6 +9.1
BOAT SonicShares Global Shipping ETF 1.2 69 -60 29.3 +21.8
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 -21 6.8 -0.7
AGQI First Trust Active Global Quality Income ETF 1.1 85 -76 5.8 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 -21 7.8 +0.3
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 2 6.9 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.1 45 -36 8.5 +1.0
NXTG First Trust Indxx NextG ETF 1.1 70 -61 6.0 -1.5
FDVV Fidelity High Dividend ETF 1.1 15 -6 8.9 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.1 39 -30 7.6 +0.1
IXG iShares Global Financials ETF 1.1 42 -33 6.8 -0.7
FINE Themes European Luxury ETF 1.0 35 -26 -2.2 -9.7
AVRE Avantis Real Estate ETF 1.0 17 -8 6.6 -0.9
DWMF WisdomTree International Multifactor Fund 1.0 38 -29 7.3 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 -15 8.5 +1.0
IQDE FlexShares International Quality Dividend Defensive Index ET 1.0 47 -38 10.7 +3.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 1.0 60 -51 3.9 -3.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 -27 6.8 -0.7
SHPP Pacer Industrials and Logistics ETF 1.0 60 -51 8.9 +1.4
MCHI iShares MSCI China ETF 0.9 59 -50 9.0 +1.5
DISV Dimensional International Small Cap Value ETF 0.9 42 -33 9.2 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 -32 7.3 -0.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 -31 0.0 -7.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 -36 12.8 +5.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 -41 10.6 +3.1
AVES Avantis Emerging Markets Value ETF 0.9 36 -27 12.2 +4.7
DFSI Dimensional International Sustainability Core 1 ETF 0.9 24 -15 6.2 -1.3
ROAM Hartford Multifactor Emerging Markets ETF 0.9 44 -35 11.8 +4.3
IDHQ Invesco S&P International Developed High Quality ETF 0.9 29 -20 5.7 -1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.9 83 -74 9.0 +1.5
RNEM First Trust Emerging Markets Equity Select ETF 0.9 75 -66 8.3 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 -21 6.0 -1.5
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.8 18 -9 7.9 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 -38 10.2 +2.7
IQIN IQ 500 International ETF 0.8 25 -16 8.7 +1.2
REET iShares Global REIT ETF 0.8 14 -5 7.1 -0.4
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -16 8.7 +1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -37 5.6 -2.0
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 -16 7.7 +0.2
WTRE WisdomTree New Economy Real Estate Fund 0.7 58 -49 5.0 -2.5
CHIQ Global X MSCI China Consumer Discretionary ETF 0.7 65 -56 5.4 -2.1
DFGR Dimensional Global Real Estate ETF 0.7 22 -13 7.0 -0.5
AVEM Avantis Emerging Markets Equity ETF 0.7 33 -24 9.1 +1.6
XT iShares Exponential Technologies ETF 0.6 46 -37 3.8 -3.7
DEW WisdomTree Global High Dividend Fund 0.6 58 -49 9.0 +1.5
CN Xtrackers MSCI All China Equity ETF 0.6 50 -41 8.7 +1.2
TTAI FCF International Quality ETF 0.6 59 -50 7.3 -0.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 -32 7.8 +0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 -33 6.8 -0.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -71 5.6 -1.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 0 5.5 -2.1
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 -6 7.9 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 -8 7.8 +0.3
KALL KraneShares MSCI All China Index ETF 0.5 49 -40 9.4 +1.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -71 11.0 +3.4
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -36 -4.9 -12.4
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 -14 8.7 +1.2
BKF iShares MSCI BIC ETF 0.5 69 -60 7.1 -0.4
ECNS iShares MSCI China Small-Cap ETF 0.5 59 -50 14.2 +6.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.5 47 -38 0.6 -6.9
TOK iShares MSCI Kokusai ETF 0.5 26 -17 5.3 -2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.5 58 -49 5.5 -2.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 -29 8.3 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 -40 6.4 -1.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 -16 6.0 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 -11 5.6 -1.9
URTH iShares MSCI World ETF 0.5 24 -15 5.4 -2.2
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -80 4.7 -2.8
EXI iShares Global Industrials ETF 0.4 42 -33 4.6 -2.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -71 14.2 +6.7
ACWI iShares MSCI ACWI ETF 0.4 32 -23 5.5 -2.1
VT Vanguard Total World Stock ETF 0.4 7 2 5.8 -1.7
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 -51 4.1 -3.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 -33 5.8 -1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 0 5.7 -1.8
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 -38 4.8 -2.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 -11 7.5 -0.0
SPEM SPDR Portfolio Emerging Markets ETF 0.4 7 2 7.5 0.0
FPAG FPA Global Equity ETF 0.4 49 -40 5.6 -2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 -50 9.6 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 -6 7.1 -0.4
DFEV Dimensional Emerging Markets Value ETF 0.4 43 -34 10.9 +3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 -3 5.0 -2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 -36 8.6 +1.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 -40 8.4 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 -40 6.7 -0.8
EMC Global X Emerging Markets Great Consumer ETF 0.3 75 -66 4.9 -2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 -38 5.9 -1.6
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 -26 7.7 +0.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 -21 6.7 -0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 -27 7.5 -0.0
GWX SPDR S&P International Small Cap ETF 0.3 40 -31 6.6 -1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 -23 6.3 -1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 -21 7.5 0.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 -2 7.7 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 -21 8.6 +1.1
IDX VanEck Indonesia Index ETF 0.3 57 -48 7.9 +0.4
CLNR IQ Cleaner Transport ETF 0.2 45 -36 8.2 +0.7
EEM iShares MSCI Emerging Markets ETF 0.2 69 -60 7.0 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 0 7.5 +0.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -61 7.3 -0.3
AVDV Avantis International Small Cap Value ETF 0.2 36 -27 7.9 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -57 7.2 -0.3
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -51 1.2 -6.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 -33 5.1 -2.4
WRND IQ Global Equity R&D Leaders ETF 0.2 18 -9 7.1 -0.4
WLDR Affinity World Leaders Equity ETF 0.2 67 -58 8.4 +0.9
EATV VegTech Plant-based Innovation & Climate ETF 0.2 75 -66 1.0 -6.5
COPJ Sprott Junior Copper Miners ETF 0.2 75 -66 9.9 +2.3
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -50 5.6 -2.0
SETM Sprott Energy Transition Materials ETF 0.2 65 -56 5.4 -2.2
GMET VanEck Green Metals ETF 0.2 63 -54 10.1 +2.6
COPX Global X Copper Miners ETF 0.2 65 -56 7.2 -0.4
DMAT Global X Disruptive Materials ETF 0.2 59 -50 10.1 +2.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 -16 7.0 -0.5
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 -7 7.5 -0.0
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -49 8.7 +1.2
QINT American Century Quality Diversified International ETF 0.2 39 -30 7.4 -0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 -30 11.0 +3.5
GLOF iShares Global Equity Factor ETF 0.1 20 -11 7.0 -0.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -59 3.3 -4.2
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -46 9.1 +1.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -56 7.7 +0.2
GINN Goldman Sachs Innovate Equity ETF 0.1 52 -43 2.7 -4.8
SCHC Schwab International Small-Cap Equity ETF 0.0 11 -2 6.4 -1.1
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -30 9.0 +1.5

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 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 5.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.34 CATEGORY
AVERAGE		 1.51
 
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.