Franklin FTSE Hong Kong ETF
ALTAR
Score™		 6.8% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.4x P/Sales
ratio		 1.6x
P/BV
ratio		 0.8x Div.
yield		 4.5%


  • 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) $12
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) $34,920
Large cap (>$10bn) 81.6%
Mid cap ($2-10bn) 16.3%
Small cap (<$2bn) 2.1%
Developed mkts 96.6%
Emerging mkts 3.4%

TOP TEN HOLDINGS
AIA GROUP LTD 19.5 %
HONG KONG EXCHANGES & CLEAR 10.8 %
TECHTRONIC INDUSTRIES CO 4.6 %
CK HUTCHISON HOLDINGS LTD 4.0 %
CLP HOLDINGS LTD 4.0 %
SUN HUNG KAI PROPERTIES 3.7 %
BOC HONG KONG HOLDINGS LTD 3.1 %
LINK REIT 3.1 %
LENOVO GROUP LTD 2.9 %
GALAXY ENTERTAINMENT GROUP L 2.7 %
Total 58.5 %

TOP COUNTRY EXPOSURE
HONG KONG 92.4 %
MACAU 2.0 %
LUXEMBOURG 1.5 %
BERMUDA 1.1 %
ITALY 1.0 %
CHINA 0.7 %
SINGAPORE 0.5 %
CAMBODIA 0.2 %
UNITED STATES 0.1 %


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.
7.2% 13.9% -1.5% -- -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.39 8%
MSCI EAFE 0.75 31%
MSCI Emg. Mkts. 1.08 63%

Technical Indicators
Recent close $17.75
30d moving avg. $18.99
Annualized volatility 23.8%
Short interest (ETF) 1.5%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $1,078

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 301 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™: 6.8%


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 79.7 50 -41 6.2 -0.6
DVYA iShares Asia/Pacific Dividend ETF 25.5 49 -40 9.0 +2.2
EPP iShares MSCI Pacific ex-Japan ETF 16.5 47 -38 4.9 -1.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.8 19 -10 5.4 -1.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.2 80 -71 7.6 +0.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 7.7 39 -30 12.1 +5.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.0 12 -3 8.3 +1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 6.9 10 -1 7.7 +0.8
IFGL iShares International Developed Real Estate ETF 6.8 48 -39 6.9 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 6.7 60 -51 9.0 +2.2
EFAS Global X MSCI SuperDividend EAFE ETF 6.5 57 -48 10.3 +3.4
IDV iShares International Select Dividend ETF 6.1 51 -42 12.2 +5.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.1 56 -47 13.5 +6.7
GVAL Cambria Global Value ETF 6.0 68 -59 13.1 +6.3
AIA iShares Asia 50 ETF 5.9 50 -41 6.6 -0.2
WDIV SPDR S&P Global Dividend ETF 5.8 40 -31 9.4 +2.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.4 78 -69 9.0 +2.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.3 22 -13 6.6 -0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.2 32 -23 6.0 -0.8
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.2 68 -59 8.2 +1.4
BKCI BNY Mellon Concentrated International ETF 5.2 80 -71 4.2 -2.6
JHID John Hancock International High Dividend ETF 4.9 46 -37 11.3 +4.5
IPAC iShares Core MSCI Pacific ETF 4.9 9 0 7.2 +0.4
RWX SPDR Dow Jones International Real Estate ETF 4.9 59 -50 7.4 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 4.8 19 -10 6.9 +0.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.8 70 -61 6.2 -0.7
WWJD Inspire International ETF 4.8 80 -71 7.3 +0.5
VPL Vanguard FTSE Pacific ETF 4.7 8 1 7.7 +0.9
UIVM VictoryShares International Value Momentum ETF 4.5 35 -26 11.0 +4.2
BJK VanEck Gaming ETF 4.3 65 -56 1.4 -5.4
DINT Davis Select International ETF 4.3 55 -46 6.0 -0.8
AIVI WisdomTree International AI Enhanced Value Fund 4.2 58 -49 8.5 +1.7
GCOW Pacer Global Cash Cows Dividend ETF 4.1 60 -51 12.5 +5.7
GDVD R3 Global Dividend Growth ETF 4.0 88 -79 5.5 -1.3
CID VictoryShares International High Div Volatility Wtd ETF 3.9 45 -36 11.9 +5.1
JPIN J.P. Morgan Diversified Return International Equity ETF 3.8 37 -28 8.9 +2.1
VIDI Vident International Equity Strategy ETF 3.7 61 -52 10.2 +3.4
MOTI VanEck Morningstar International Moat ETF 3.7 58 -49 5.9 -0.9
MCH Matthews China Active ETF 3.6 79 -70 5.4 -1.4
TCHI iShares MSCI China Multisector Tech ETF 3.6 59 -50 1.9 -5.0
VWID Virtus WMC International Dividend ETF 3.4 49 -40 9.6 +2.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.3 29 -20 8.6 +1.8
GQRE FlexShares Global Quality Real Estate Index Fund 3.3 45 -36 5.9 -0.9
SXUS Janus Henderson International Sustainable Equity ETF 3.3 60 -51 4.2 -2.6
IQRA IQ CBRE Real Assets ETF 3.2 65 -56 5.2 -1.6
DIM WisdomTree International MidCap Dividend Fund 3.2 58 -49 7.7 +0.9
FIDI Fidelity International High Dividend ETF 3.1 18 -9 10.9 +4.1
LVHI Franklin International Low Volatility High Dividend Index ET 3.0 40 -31 10.1 +3.3
FENI Fidelity Enhanced International ETF 3.0 28 -19 8.1 +1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.0 30 -21 7.3 +0.5
RODE Hartford Multifactor Diversified International ETF 3.0 29 -20 11.8 +5.0
DTH WisdomTree International High Dividend Fund 2.9 58 -49 10.1 +3.3
CGXU Capital Group International Focus Equity ETF 2.9 54 -45 4.9 -2.0
KTEC KraneShares Hang Seng TECH Index ETF 2.9 69 -60 -3.6 -10.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.7 50 -41 5.3 -1.5
TPIF Timothy Plan International ETF 2.7 62 -53 6.8 -0.0
SRET Global X SuperDividend REIT ETF 2.7 59 -50 9.7 +2.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.6 65 -56 4.3 -2.5
LUX Tema Luxury ETF 2.6 75 -66 3.0 -3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 -40 5.6 -1.2
FYLD Cambria Foreign Shareholder Yield ETF 2.6 59 -50 13.6 +6.8
DMXF iShares ESG Advanced MSCI EAFE ETF 2.6 12 -3 5.5 -1.3
IQLT iShares MSCI Intl Quality Factor ETF 2.6 30 -21 6.2 -0.6
LUXX Roundhill S&P Global Luxury ETF 2.6 45 -36 2.9 -4.0
ERET iShares Environmentally Aware Real Estate ETF 2.5 30 -21 6.5 -0.4
SDIV Global X Superdividend ETF 2.5 58 -49 14.9 +8.1
OSEA Harbor International Compounders ETF 2.5 55 -46 4.3 -2.6
CIL VictoryShares International Volatility Wtd ETF 2.5 45 -36 7.0 +0.2
BLES Inspire Global Hope ETF 2.4 61 -52 6.4 -0.4
FIVA Fidelity International Value Factor ETF 2.4 18 -9 10.2 +3.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 2.4 51 -42 7.1 +0.3
DWLD Davis Select Worldwide ETF 2.3 63 -54 6.7 -0.1
CGDG Capital Group Dividend Growers ETF 2.3 47 -38 6.6 -0.2
IGRO iShares International Dividend Growth ETF 2.3 15 -6 7.5 +0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.3 9 0 9.9 +3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 2.2 31 -22 6.7 -0.1
AIVC Amplify Bloomberg AI Value Chain ETF 2.2 59 -50 5.8 -1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.2 47 -38 9.4 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.1 49 -40 7.0 +0.2
JCHI JPMorgan Active China ETF 2.1 65 -56 8.0 +1.2
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 -41 12.8 +6.0
DIVI Franklin International Core Dividend Tilt Index ETF 2.0 9 0 8.1 +1.3
AGQI First Trust Active Global Quality Income ETF 2.0 85 -76 5.9 -1.0
IVES Wedbush ETFMG Global Cloud Technology ETF 2.0 68 -59 5.8 -1.1
EFG iShares MSCI EAFE Growth ETF 2.0 36 -27 4.5 -2.3
FCA First Trust China AlphaDEX Fund 1.9 80 -71 16.2 +9.4
EFA iShares MSCI EAFE ETF 1.9 35 -26 6.9 +0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.9 35 -26 6.6 -0.2
SCHF Schwab International Equity ETF 1.9 6 3 7.5 +0.7
EQIN Columbia US Equity Income ETF 1.9 35 -26 8.3 +1.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.9 39 -30 7.2 +0.4
IVLU iShares MSCI Intl Value Factor ETF 1.9 30 -21 11.4 +4.6
EFV iShares MSCI EAFE Value ETF 1.9 34 -25 9.4 +2.6
HFXI IQ FTSE International Equity Currency Neutral ETF 1.8 20 -11 7.1 +0.3
VIGI Vanguard International Dividend Appreciation ETF 1.8 15 -6 6.4 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.8 40 -31 7.9 +1.1
IEFA iShares Core MSCI EAFE ETF 1.8 7 2 7.1 +0.3
CGIE Capital Group International Equity ETF 1.8 54 -45 4.9 -1.9
DWM WisdomTree International Equity Fund 1.8 48 -39 8.0 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.8 20 -11 6.5 -0.3
AVIV Avantis International Large Cap Value ETF 1.8 25 -16 9.0 +2.1
IQSI IQ Candriam International Equity ETF 1.8 15 -6 6.6 -0.2
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 -11 6.9 +0.1
INTF iShares International Equity Factor ETF 1.7 15 -6 8.2 +1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.7 80 -71 5.6 -1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.7 14 -5 6.2 -0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 1.7 34 -25 5.9 -0.9
VYMI Vanguard International High Dividend Yield ETF 1.7 22 -13 9.8 +3.0
VEA Vanguard FTSE Developed Markets ETF 1.7 5 4 7.3 +0.5
IQDF FlexShares International Quality Dividend Index Fund 1.7 47 -38 12.9 +6.1
GSID Goldman Sachs MarketBeta International Equity ETF 1.7 20 -11 7.0 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 -15 8.7 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 -27 6.5 -0.3
FDEV Fidelity International Multifactor ETF 1.6 18 -9 7.8 +1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.6 80 -71 9.1 +2.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.6 80 -71 13.0 +6.2
JHMD John Hancock Multifactor Developed International ETF 1.6 39 -30 7.8 +1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.6 36 -27 6.6 -0.2
DOL WisdomTree International LargeCap Dividend Fund 1.6 48 -39 7.9 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 5 7.1 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.6 39 -30 7.4 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 1.6 25 -16 9.9 +3.0
RGEF Rockefeller Global Equity ETF 1.5 55 -46 5.0 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.5 95 -86 10.5 +3.7
AVSD Avantis Responsible International Equity ETF 1.5 23 -14 7.1 +0.3
BKIE BNY Mellon International Equity ETF 1.5 4 5 7.1 +0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 -56 8.2 +1.4
DFAI Dimensional International Core Equity Market ETF 1.5 18 -9 7.3 +0.5
VEGI iShares MSCI Agriculture Producers ETF 1.5 39 -30 9.2 +2.4
IQDE FlexShares International Quality Dividend Defensive Index ET 1.5 47 -38 14.8 +8.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 -3 5.9 -1.0
AVDE Avantis International Equity ETF 1.5 23 -14 8.1 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 1.5 24 -15 7.1 +0.3
RAYD Rayliant Quantitative Developed Market Equity ETF 1.4 80 -71 3.8 -3.0
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 6 7.2 +0.4
CGV Conductor Global Equity Value ETF 1.4 130 -121 10.9 +4.1
DWX SPDR S&P International Dividend ETF 1.4 45 -36 6.5 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 -20 6.5 -0.3
DFIV Dimensional International Value ETF 1.4 27 -18 10.0 +3.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.4 20 -11 6.9 +0.1
DIHP Dimensional International High Profitability ETF 1.4 29 -20 7.6 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.4 25 -16 7.2 +0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.3 33 -24 8.2 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 8 1 7.3 +0.4
DVYE iShares Emerging Markets Dividend ETF 1.3 49 -40 18.8 +12.0
BOAT SonicShares Global Shipping ETF 1.3 69 -60 34.8 +28.0
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -14 7.7 +0.9
RWO SPDR Dow Jones Global Real Estate ETF 1.3 50 -41 6.1 -0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 -23 6.1 -0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.3 45 -36 8.9 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 -11 6.3 -0.5
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -53 3.6 -3.2
GXC SPDR S&P China ETF 1.3 59 -50 8.3 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 34 -25 7.0 +0.1
VSGX Vanguard ESG International Stock ETF 1.3 12 -3 6.8 -0.1
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 -21 6.9 +0.1
NXTG First Trust Indxx NextG ETF 1.2 70 -61 6.2 -0.6
VXUS Vanguard Total International Stock ETF 1.2 7 2 7.2 +0.4
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 2 7.2 +0.4
GBUY Goldman Sachs Future Consumer Equity ETF 1.2 75 -66 3.3 -3.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 -16 12.3 +5.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 -32 5.0 -1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.2 18 -9 7.0 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.1 41 -32 7.4 +0.6
JSTC Adasina Social Justice All Cap Global ETF 1.1 89 -80 4.9 -1.9
JGLO JPMorgan Global Select Equity ETF 1.1 33 -24 4.5 -2.4
IXG iShares Global Financials ETF 1.1 42 -33 6.2 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -41 13.0 +6.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 -21 8.0 +1.2
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 -31 6.6 -0.2
DISV Dimensional International Small Cap Value ETF 1.0 42 -33 9.1 +2.3
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 -35 15.8 +9.0
DFIS Dimensional International Small Cap ETF 1.0 39 -30 6.9 +0.1
FDVV Fidelity High Dividend ETF 1.0 15 -6 8.7 +1.9
FINE Themes European Luxury ETF 1.0 35 -26 -2.3 -9.1
MCHI iShares MSCI China ETF 1.0 59 -50 8.4 +1.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.0 35 -26 12.4 +5.6
SHPP Pacer Industrials and Logistics ETF 1.0 60 -51 9.9 +3.1
IQIN IQ 500 International ETF 0.9 25 -16 9.2 +2.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.9 60 -51 6.4 -0.4
DTAN Sparkline International Intangible Value ETF 0.9 55 -46 9.2 +2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 -36 12.3 +5.5
STXI Strive International Developed Markets ETF 0.9 29 -20 6.9 +0.1
BTEK Future Tech ETF 0.9 88 -79 2.3 -4.5
RNEM First Trust Emerging Markets Equity Select ETF 0.9 75 -66 7.6 +0.7
DFSI Dimensional International Sustainability Core 1 ETF 0.9 24 -15 6.5 -0.3
OAIM OneAscent International Equity ETF 0.9 95 -86 5.1 -1.7
DWMF WisdomTree International Multifactor Fund 0.9 38 -29 7.4 +0.6
AVRE Avantis Real Estate ETF 0.8 17 -8 5.9 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 -30 7.5 +0.7
SEA U.S. Global Sea to Sky Cargo ETF 0.8 60 -51 21.5 +14.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -66 2.9 -4.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.8 18 -9 6.8 +0.0
BIGFX Baron International Growth Retail 0.8 75 -66 3.1 -3.7
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -74 10.0 +3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 -21 5.9 -0.9
CGGO Capital Group Global Growth Equity ETF 0.8 47 -38 4.6 -2.2
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 -16 7.1 +0.3
WTRE WisdomTree New Economy Real Estate Fund 0.8 58 -49 0.3 -6.5
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -49 14.2 +7.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -37 4.9 -1.9
IDLV Invesco S&P International Developed Low Volatility ETF 0.7 25 -16 6.2 -0.6
MINV Matthews Asia Innovators Active ETF 0.7 79 -70 3.0 -3.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 -32 7.4 +0.6
REET iShares Global REIT ETF 0.7 14 -5 6.2 -0.6
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -16 8.5 +1.7
DFGR Dimensional Global Real Estate ETF 0.7 22 -13 6.2 -0.6
DEW WisdomTree Global High Dividend Fund 0.6 58 -49 8.5 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 -21 6.3 -0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.6 42 -33 8.1 +1.3
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 -51 3.5 -3.3
XT iShares Exponential Technologies ETF 0.6 46 -37 4.8 -2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.6 58 -49 6.4 -0.4
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 -14 9.1 +2.3
KALL KraneShares MSCI All China Index ETF 0.6 49 -40 9.0 +2.2
IQDG WisdomTree International Quality Dividend Growth Fund 0.6 42 -33 6.8 -0.1
BKF iShares MSCI BIC ETF 0.5 69 -60 6.9 +0.1
IPOS Renaissance International IPO ETF 0.5 80 -71 -0.8 -7.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 -11 5.2 -1.7
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -36 -4.6 -11.4
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 -8 7.6 +0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 -3 4.8 -2.0
AVEM Avantis Emerging Markets Equity ETF 0.5 33 -24 8.9 +2.1
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 -6 7.4 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 -40 6.1 -0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -71 10.8 +4.0
TOK iShares MSCI Kokusai ETF 0.5 26 -17 5.0 -1.8
CHIQ Global X MSCI China Consumer Discretionary ETF 0.5 65 -56 5.9 -0.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.5 67 -58 15.0 +8.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 -6 10.2 +3.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 -36 11.0 +4.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.5 25 -16 5.6 -1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 0 5.2 -1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 -11 6.8 -0.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 -29 7.8 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 0 5.4 -1.5
ACWI iShares MSCI ACWI ETF 0.4 32 -23 5.3 -1.5
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 -38 5.0 -1.8
URTH iShares MSCI World ETF 0.4 24 -15 5.2 -1.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 -30 11.0 +4.2
VT Vanguard Total World Stock ETF 0.4 7 2 5.5 -1.3
EXI iShares Global Industrials ETF 0.4 42 -33 4.5 -2.3
SPEM SPDR Portfolio Emerging Markets ETF 0.4 7 2 7.3 +0.5
TTAI FCF International Quality ETF 0.4 59 -50 5.6 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.4 65 -56 12.8 +6.0
FPAG FPA Global Equity ETF 0.4 49 -40 5.4 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 -50 11.3 +4.5
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 -1 5.4 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 -30 12.5 +5.7
AVES Avantis Emerging Markets Value ETF 0.4 36 -27 11.6 +4.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.4 15 -6 7.2 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 -40 8.2 +1.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 -2 8.4 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 -40 6.5 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 -27 7.8 +1.0
GMET VanEck Green Metals ETF 0.3 63 -54 10.7 +3.9
COPX Global X Copper Miners ETF 0.3 65 -56 8.2 +1.4
DMAT Global X Disruptive Materials ETF 0.3 59 -50 10.5 +3.7
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -50 5.5 -1.3
ICOP iShares Copper and Metals Mining ETF 0.3 47 -38 10.1 +3.3
COPA Themes Copper Miners ETF 0.3 35 -26 7.3 +0.5
PATN Pacer Nasdaq International Patent Leaders ETF 0.3 65 -56 6.5 -0.3
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.3 35 -26 7.4 +0.6
BINV Brandes International ETF 0.3 70 -61 8.5 +1.7
IDX VanEck Indonesia Index ETF 0.3 57 -48 8.8 +1.9
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -50 14.2 +7.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 -21 7.3 +0.5
SETM Sprott Energy Transition Materials ETF 0.3 65 -56 6.0 -0.9
ECON Columbia Emerging Markets Consumer ETF 0.3 49 -40 7.3 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 -38 5.5 -1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -31 8.3 +1.5
AIRL Themes Airlines ETF 0.3 35 -26 -16.7 -23.5
AGMI Themes Silver Miners ETF 0.3 35 -26 4.5 -2.3
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 -26 7.3 +0.5
EEM iShares MSCI Emerging Markets ETF 0.3 69 -60 6.9 +0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 -21 8.1 +1.3
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -51 1.7 -5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 -33 5.1 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 -23 6.2 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 0 7.5 +0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -57 10.0 +3.2
AVDV Avantis International Small Cap Value ETF 0.2 36 -27 8.1 +1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 -7 6.8 +0.0
GWX SPDR S&P International Small Cap ETF 0.2 40 -31 6.5 -0.3
DFEV Dimensional Emerging Markets Value ETF 0.2 43 -34 11.1 +4.3
WRND IQ Global Equity R&D Leaders ETF 0.2 18 -9 7.5 +0.7
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -43 2.8 -4.1
GLOF iShares Global Equity Factor ETF 0.2 20 -11 7.0 +0.2
EATV VegTech Plant-based Innovation & Climate ETF 0.2 75 -66 2.1 -4.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 -30 12.8 +6.0
QINT American Century Quality Diversified International ETF 0.1 39 -30 7.7 +0.9
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -59 4.8 -2.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -61 7.7 +0.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 -16 6.6 -0.2
ION ProShares S&P Global Core Battery Metals ETF 0.1 58 -49 15.5 +8.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -49 8.8 +2.0
SCHC Schwab International Small-Cap Equity ETF 0.0 11 -2 6.6 -0.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -56 8.2 +1.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.0 47 -38 -4.9 -11.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 2 6.7 -0.1
FILL iShares MSCI Global Energy Producers ETF 0.0 39 -30 9.6 +2.8

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

  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 5.6 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 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.