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
ESR CAYMAN LTD. 49.2 %
AIA GROUP LTD 23.4 %
HONG KONG EXCHANGES & CLEAR 16.1 %
TECHTRONIC INDUSTRIES CO 4.3 %
CK HUTCHISON HOLDINGS LTD 4.2 %
BOC HONG KONG HOLDINGS LTD 4.1 %
SUN HUNG KAI PROPERTIES 4.1 %
CLP HOLDINGS LTD 3.3 %
LINK REIT 3.3 %
JARDINE MATHESON HLDGS LTD 2.9 %
Total 114.9 %

TOP COUNTRY EXPOSURE
HONG KONG 151.3 %
MACAU 2.2 %
BERMUDA 1.6 %
CHINA 0.9 %
LUXEMBOURG 0.7 %
ITALY 0.7 %
SINGAPORE 0.6 %
CAMBODIA 0.2 %
UNITED STATES 0.2 %
TAIWAN 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.6% -0.8% -0.5% -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.39 5%
MSCI EAFE 0.83 28%
MSCI Emg. Mkts. 1.13 56%

Technical Indicators
Recent close $19.17
30d moving avg. $19.43
Annualized volatility 24.0%
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 294 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 88.0 50 -41 5.2 -1.5
WTRE WisdomTree New Economy Real Estate Fund 42.1 58 -49 9.0 +2.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 29.8 19 -10 5.9 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 28.4 10 -1 7.9 +1.2
DVYA iShares Asia/Pacific Dividend ETF 26.6 49 -40 7.6 +0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.3 32 -23 15.7 +9.0
EPP iShares MSCI Pacific ex-Japan ETF 17.9 47 -38 5.1 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.2 80 -71 6.0 -0.7
EFAS Global X MSCI SuperDividend EAFE ETF 9.6 57 -48 8.4 +1.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.4 56 -47 10.8 +4.1
FLAX Franklin FTSE Asia Ex Japan ETF 8.4 19 -10 8.7 +2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.2 80 -71 8.7 +2.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 8.2 78 -69 9.3 +2.6
IFGL iShares International Developed Real Estate ETF 7.2 48 -39 6.9 +0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.0 12 -3 8.0 +1.2
IDV iShares International Select Dividend ETF 6.6 51 -42 10.6 +3.9
GVAL Cambria Global Value ETF 6.2 68 -59 10.3 +3.6
BKCI BNY Mellon Concentrated International ETF 6.1 80 -71 5.1 -1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.9 32 -23 6.1 -0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.9 22 -13 5.8 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 5.7 45 -36 7.8 +1.1
DTH WisdomTree International High Dividend Fund 5.6 58 -49 8.5 +1.7
DIM WisdomTree International MidCap Dividend Fund 5.4 58 -49 7.6 +0.8
FID First Trust S&P International Dividend Aristocrats ETF 5.4 60 -51 7.9 +1.1
GCOW Pacer Global Cash Cows Dividend ETF 5.4 60 -51 10.9 +4.2
WWJD Inspire International ETF 5.2 80 -71 7.2 +0.5
AIA iShares Asia 50 ETF 5.2 50 -41 11.5 +4.8
AIVI WisdomTree International AI Enhanced Value Fund 5.0 58 -49 7.1 +0.4
RWX SPDR Dow Jones International Real Estate ETF 5.0 59 -50 6.8 +0.1
MCH Matthews China Active ETF 5.0 79 -70 13.7 +6.9
DINT Davis Select International ETF 4.9 55 -46 7.9 +1.1
UIVM VictoryShares International Value Momentum ETF 4.9 35 -26 9.0 +2.3
IPAC iShares Core MSCI Pacific ETF 4.9 9 0 6.2 -0.5
RODE Hartford Multifactor Diversified International ETF 4.8 29 -20 11.5 +4.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.7 70 -61 8.8 +2.1
WDIV SPDR S&P Global Dividend ETF 4.7 40 -31 9.2 +2.5
VPL Vanguard FTSE Pacific ETF 4.7 7 2 6.6 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.6 47 -38 8.1 +1.4
FYLD Cambria Foreign Shareholder Yield ETF 4.5 59 -50 11.7 +4.9
BJK VanEck Gaming ETF 4.4 65 -56 4.5 -2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 4.3 37 -28 8.3 +1.6
FENI Fidelity Enhanced International ETF 4.2 28 -19 6.5 -0.3
FIDI Fidelity International High Dividend ETF 4.1 18 -9 8.6 +1.9
JHID John Hancock International High Dividend ETF 4.1 46 -37 9.4 +2.7
DWMF WisdomTree International Multifactor Fund 4.1 38 -29 7.1 +0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.1 29 -20 7.7 +1.0
OSEA Harbor International Compounders ETF 3.9 55 -46 4.7 -2.0
IQSI IQ Candriam International Equity ETF 3.9 15 -6 6.5 -0.2
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 -38 8.8 +2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 3.8 20 -11 6.8 +0.1
FEOE First Eagle Overseas Equity ETF 3.6 79 -70 7.6 +0.9
TCHI iShares MSCI China Multisector Tech ETF 3.5 59 -50 16.2 +9.4
IQRA IQ CBRE Real Assets ETF 3.3 65 -56 5.6 -1.1
SRET Global X SuperDividend REIT ETF 3.3 59 -50 12.0 +5.3
GSID Goldman Sachs MarketBeta International Equity ETF 3.3 20 -11 6.8 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 3.3 49 -40 5.7 -1.0
IDLV Invesco S&P International Developed Low Volatility ETF 3.3 25 -16 6.4 -0.3
DWM WisdomTree International Equity Fund 3.2 48 -39 7.3 +0.5
ERET iShares Environmentally Aware Real Estate ETF 3.2 30 -21 7.2 +0.5
CGDG Capital Group Dividend Growers ETF 3.2 47 -38 6.2 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.1 40 -31 7.3 +0.6
KTEC KraneShares Hang Seng TECH Index ETF 3.1 69 -60 19.2 +12.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.1 65 -56 11.6 +4.9
FIVA Fidelity International Value Factor ETF 3.1 18 -9 9.7 +3.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.1 30 -21 6.9 +0.2
AGQI First Trust Active Global Quality Income ETF 3.0 85 -76 4.8 -1.9
CGIE Capital Group International Equity ETF 3.0 54 -45 5.0 -1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.0 80 -71 9.3 +2.6
CIL VictoryShares International Volatility Wtd ETF 3.0 45 -36 6.6 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 2.9 12 -3 5.4 -1.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.9 24 -15 7.5 +0.8
TPIF Timothy Plan International ETF 2.9 62 -53 6.1 -0.6
VWID Virtus WMC International Dividend ETF 2.9 49 -40 8.4 +1.7
BKIE BNY Mellon International Equity ETF 2.8 4 5 6.9 +0.2
INEQ Columbia International Equity Income ETF 2.7 45 -36 8.0 +1.3
BLES Inspire Global Hope ETF 2.7 61 -52 6.7 0.0
DWLD Davis Select Worldwide ETF 2.7 63 -54 7.1 +0.4
FNDC Schwab Fundamental International Small Co. Index ETF 2.7 39 -30 5.7 -1.0
DOL WisdomTree International LargeCap Dividend Fund 2.6 48 -39 7.1 +0.4
IQLT iShares MSCI Intl Quality Factor ETF 2.5 30 -21 6.1 -0.6
IDMO Invesco S&P International Developed Momentum ETF 2.5 25 -16 5.3 -1.4
DIVI Franklin International Core Dividend Tilt Index ETF 2.5 9 0 7.8 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.4 9 0 9.1 +2.4
CGXU Capital Group International Focus Equity ETF 2.3 54 -45 5.3 -1.4
IVLU iShares MSCI Intl Value Factor ETF 2.3 30 -21 10.3 +3.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.3 14 -5 6.0 -0.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.3 50 -41 6.0 -0.7
AVSD Avantis Responsible International Equity ETF 2.3 23 -14 5.6 -1.2
CHIQ Global X MSCI China Consumer Discretionary ETF 2.3 65 -56 16.1 +9.4
VIDI Vident International Equity Strategy ETF 2.2 61 -52 10.7 +4.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.2 18 -9 7.8 +1.1
LVHI Franklin International Low Volatility High Dividend Index ET 2.2 40 -31 10.2 +3.4
CGV Conductor Global Equity Value ETF 2.2 130 -121 8.3 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.1 20 -11 6.3 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.1 36 -27 6.3 -0.4
FEGE First Eagle Global Equity ETF 2.1 79 -70 6.7 +0.0
OAIM OneAscent International Equity ETF 2.1 95 -86 5.6 -1.1
JCHI JPMorgan Active China ETF 2.0 65 -56 14.7 +8.0
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -41 11.9 +5.2
EFV iShares MSCI EAFE Value ETF 2.0 34 -25 9.0 +2.3
SDIV Global X Superdividend ETF 2.0 58 -49 41.8 +35.1
FDEV Fidelity International Multifactor ETF 2.0 18 -9 7.4 +0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.0 35 -26 6.5 -0.3
AVDE Avantis International Equity ETF 2.0 23 -14 7.2 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.0 39 -30 7.8 +1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.9 49 -40 6.8 +0.1
IMTM iShares MSCI Intl Momentum Factor ETF 1.9 30 -21 5.5 -1.3
VYMI Vanguard International High Dividend Yield ETF 1.9 17 -8 9.5 +2.8
EFA iShares MSCI EAFE ETF 1.9 35 -26 6.6 -0.2
VIGI Vanguard International Dividend Appreciation ETF 1.9 10 -1 6.3 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 1.9 31 -22 6.1 -0.6
DLS WisdomTree International SmallCap Dividend Fund 1.9 58 -49 8.2 +1.4
JIG JPMorgan International Growth ETF 1.9 55 -46 4.6 -2.1
JIRE JPMorgan International Research Enhanced Equity ETF 1.9 24 -15 7.0 +0.3
AVIV Avantis International Large Cap Value ETF 1.9 25 -16 8.4 +1.7
DVYE iShares Emerging Markets Dividend ETF 1.8 49 -40 18.5 +11.7
IDHQ Invesco S&P International Developed High Quality ETF 1.8 29 -20 6.5 -0.3
IGRO iShares International Dividend Growth ETF 1.8 15 -6 7.2 +0.5
EFG iShares MSCI EAFE Growth ETF 1.8 36 -27 4.2 -2.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.8 33 -24 9.5 +2.8
ESGD iShares ESG Aware MSCI EAFE ETF 1.8 20 -11 6.6 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.8 25 -16 7.1 +0.3
SCHF Schwab International Equity ETF 1.8 6 3 7.1 +0.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.8 65 -56 4.2 -2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 -23 8.8 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.8 36 -27 7.5 +0.8
IEFA iShares Core MSCI EAFE ETF 1.8 7 2 6.9 +0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.7 45 -36 10.6 +3.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.7 20 -11 6.2 -0.5
INTF iShares International Equity Factor ETF 1.7 15 -6 7.5 +0.8
VEA Vanguard FTSE Developed Markets ETF 1.7 3 6 7.0 +0.3
VEGI iShares MSCI Agriculture Producers ETF 1.7 39 -30 8.9 +2.2
BOAT SonicShares Global Shipping ETF 1.7 69 -60 28.1 +21.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.6 12 -3 5.8 -0.9
JHMD John Hancock Multifactor Developed International ETF 1.6 39 -30 7.5 +0.7
JGLO JPMorgan Global Select Equity ETF 1.6 33 -24 4.9 -1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 1.6 34 -25 5.9 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 5 6.8 +0.1
FDRR Fidelity Dividend ETF for Rising Rates 1.6 15 -6 6.9 +0.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 -16 12.4 +5.7
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 -46 7.6 +0.8
DFAI Dimensional International Core Equity Market ETF 1.6 18 -9 7.0 +0.3
RGEF Rockefeller Global Equity ETF 1.5 55 -46 4.7 -2.1
ROAM Hartford Multifactor Emerging Markets ETF 1.5 44 -35 11.6 +4.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.5 3 6 6.8 +0.1
RWO SPDR Dow Jones Global Real Estate ETF 1.5 50 -41 6.9 +0.2
NXTG First Trust Indxx NextG ETF 1.5 70 -61 5.0 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -86 11.4 +4.7
DFIV Dimensional International Value ETF 1.4 27 -18 9.6 +2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.4 45 -36 8.7 +1.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.4 67 -58 13.4 +6.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 -32 7.1 +0.4
EMC Global X Emerging Markets Great Consumer ETF 1.4 75 -66 10.9 +4.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -56 7.7 +0.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 -11 6.2 -0.5
DIHP Dimensional International High Profitability ETF 1.3 29 -20 7.0 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 -16 9.3 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 4 5 7.9 +1.2
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -14 7.3 +0.6
DWX SPDR S&P International Dividend ETF 1.3 45 -36 6.1 -0.6
GXC SPDR S&P China ETF 1.3 59 -50 15.0 +8.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 34 -25 7.5 +0.7
VSGX Vanguard ESG International Stock ETF 1.3 10 -1 7.5 +0.8
BLDG Cambria Global Real Estate ETF 1.2 60 -51 11.9 +5.2
DXIV Dimensional International Vector Equity ETF 1.2 34 -25 7.7 +1.0
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 2 7.7 +0.9
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 -21 7.4 +0.7
VXUS Vanguard Total International Stock ETF 1.2 5 4 7.7 +1.0
DISV Dimensional International Small Cap Value ETF 1.2 42 -33 8.8 +2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 -41 10.7 +4.0
MCHI iShares MSCI China ETF 1.2 59 -50 16.9 +10.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.1 39 -30 6.7 -0.1
SHPP Pacer Industrials and Logistics ETF 1.1 60 -51 8.6 +1.9
DFIS Dimensional International Small Cap ETF 1.1 39 -30 7.2 +0.5
IXG iShares Global Financials ETF 1.1 42 -33 6.7 0.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 -21 7.7 +1.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 -32 6.4 -0.3
AVRE Avantis Real Estate ETF 1.1 17 -8 7.2 +0.4
SUPL ProShares Supply Chain Logistics ETF 1.1 58 -49 12.2 +5.5
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -40 7.2 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 1.0 42 -33 7.2 +0.5
STXI Strive International Developed Markets ETF 1.0 29 -20 6.5 -0.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -71 10.4 +3.6
DTAN Sparkline International Intangible Value ETF 0.9 55 -46 8.5 +1.8
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -53 3.6 -3.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.9 58 -49 6.9 +0.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 -31 6.8 +0.1
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -80 4.8 -1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 -32 8.4 +1.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 -30 15.7 +8.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.9 42 -33 9.7 +3.0
AVEM Avantis Emerging Markets Equity ETF 0.9 33 -24 8.3 +1.6
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 -21 5.9 -0.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.9 33 -24 8.1 +1.4
MINV Matthews Asia Innovators Active ETF 0.9 79 -70 7.0 +0.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 -30 10.1 +3.3
CGGO Capital Group Global Growth Equity ETF 0.8 47 -38 4.5 -2.2
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 -15 6.3 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -74 9.3 +2.6
REET iShares Global REIT ETF 0.8 14 -5 7.4 +0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 -33 7.0 +0.3
KALL KraneShares MSCI All China Index ETF 0.8 49 -40 15.1 +8.4
AVES Avantis Emerging Markets Value ETF 0.8 36 -27 10.8 +4.1
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 -14 8.1 +1.4
DFGR Dimensional Global Real Estate ETF 0.8 22 -13 7.4 +0.7
DEW WisdomTree Global High Dividend Fund 0.7 58 -49 8.4 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.7 15 -6 7.5 +0.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.7 35 -26 16.8 +10.1
BKF iShares MSCI BIC ETF 0.7 69 -60 13.3 +6.6
FINE Themes European Luxury ETF 0.7 35 -26 3.7 -3.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 -47 0.3 -6.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -37 5.6 -1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 -40 15.2 +8.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 -29 8.9 +2.2
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 -70 7.5 +0.7
AVDS Avantis International Small Cap Equity ETF 0.6 30 -21 7.2 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 0.6 17 -8 13.4 +6.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -76 8.8 +2.1
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 -49 8.3 +1.6
GMET VanEck Green Metals ETF 0.6 63 -54 7.6 +0.8
COPX Global X Copper Miners ETF 0.6 65 -56 6.1 -0.6
DMAT Global X Disruptive Materials ETF 0.6 59 -50 6.6 -0.2
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 -50 5.8 -0.9
ICOP iShares Copper and Metals Mining ETF 0.6 47 -38 7.4 +0.6
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -50 3.0 -3.7
COPA Themes Copper Miners ETF 0.6 35 -26 5.0 -1.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 -6 9.8 +3.1
CZAR Themes Natural Monopoly ETF 0.6 35 -26 5.7 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 0 5.1 -1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 -20 6.5 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -36 9.8 +3.1
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 -16 9.7 +2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 -50 8.6 +1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -81 7.0 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 -40 9.2 +2.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 -40 9.6 +2.9
TOK iShares MSCI Kokusai ETF 0.5 26 -17 4.9 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 -3 5.0 -1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 -27 9.3 +2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 -21 8.9 +2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 -2 9.6 +2.9
RCGE RockCreek Global Equality ETF 0.5 95 -86 6.7 -0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.5 40 -31 6.8 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 0 5.5 -1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 -39 7.2 +0.5
BINV Brandes International ETF 0.5 70 -61 9.1 +2.4
IDX VanEck Indonesia Index ETF 0.5 57 -48 7.1 +0.4
GGME Invesco Next Gen Media and Gaming ETF 0.5 60 -51 4.3 -2.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 -16 5.9 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 2 10.2 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 -11 5.5 -1.2
ACWI iShares MSCI ACWI ETF 0.5 32 -23 5.4 -1.3
URTH iShares MSCI World ETF 0.5 24 -15 5.0 -1.7
AVDV Avantis International Small Cap Value ETF 0.5 36 -27 9.1 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 -1 5.6 -1.1
VT Vanguard Total World Stock ETF 0.4 6 3 5.7 -1.0
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 -7 8.1 +1.4
SCHY Schwab International Dividend Equity ETF 0.4 14 -5 9.6 +2.9
FDVV Fidelity High Dividend ETF 0.4 15 -6 7.6 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 49 -40 9.6 +2.9
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 -26 8.9 +2.2
EXI iShares Global Industrials ETF 0.4 42 -33 4.5 -2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -57 9.0 +2.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 -21 9.8 +3.1
EEM iShares MSCI Emerging Markets ETF 0.3 69 -60 9.7 +3.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 -33 5.3 -1.4
FPAG FPA Global Equity ETF 0.3 49 -40 5.7 -1.0
QINT American Century Quality Diversified International ETF 0.3 39 -30 7.2 +0.5
SETM Sprott Energy Transition Materials ETF 0.3 65 -56 2.1 -4.6
AIRL Themes Airlines ETF 0.3 35 -26 1.8 -5.0
JETS U.S. Global Jets ETF 0.3 60 -51 2.9 -3.8
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 -16 11.2 +4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 -38 5.8 -0.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 -30 11.5 +4.7
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 0 10.0 +3.3
WRND IQ Global Equity R&D Leaders ETF 0.3 18 -9 7.9 +1.2
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -43 3.5 -3.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -71 4.4 -2.3
ECON Columbia Emerging Markets Consumer ETF 0.3 49 -40 11.6 +4.8
GLOF iShares Global Equity Factor ETF 0.2 20 -11 6.4 -0.3
PATN Pacer Nasdaq International Patent Leaders ETF 0.2 65 -56 5.7 -1.1
ECNS iShares MSCI China Small-Cap ETF 0.2 59 -50 8.4 +1.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.2 75 -66 2.9 -3.8
DFEV Dimensional Emerging Markets Value ETF 0.2 43 -34 12.7 +6.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -59 4.5 -2.2
WLDR Affinity World Leaders Equity ETF 0.1 67 -58 7.5 +0.7
AGMI Themes Silver Miners ETF 0.1 35 -26 4.5 -2.2
GWX SPDR S&P International Small Cap ETF 0.1 40 -31 5.9 -0.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -56 7.8 +1.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 -16 6.4 -0.3
SCHC Schwab International Small-Cap Equity ETF 0.0 11 -2 6.5 -0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -61 7.7 +0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 1 6.1 -0.7
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -30 11.5 +4.8

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.