FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 40.6x P/Sales
ratio		 3.6x
P/BV
ratio		 4.4x Div.
yield		 0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FMQQ is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts
Website fmqqetf.com/
Inception date Sep 27, 2021
Assets (mns) $30
Currency USD
Expense ratio 86 bp
Distributions Annually

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 43
Wgt avg mkt cap (mns) $263,726
Large cap (>$10bn) 75.3%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 1.4%
Developed mkts 15.3%
Emerging mkts 84.7%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 31.3 %
SEA LTD. (SINGAPORE) SPONSORED ADR 9.0 %
MERCADOLIBRE INC 8.2 %
NU HOLDINGS LTD. CLASS A 6.0 %
BAJAJ FINANCE LIMITED 5.9 %
KASPI.KZ JSC SPONSORED GDR REGS 4.6 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 4.4 %
ZOMATO LTD. 4.0 %
PB FINTECH LIMITED 3.6 %
MAKEMYTRIP LTD 3.4 %
Total 80.3 %

TOP COUNTRY EXPOSURE
INDIA 54.5 %
SINGAPORE 13.4 %
ARGENTINA 8.7 %
SOUTH KOREA 8.5 %
CAYMAN ISLANDS 6.0 %
BRAZIL 5.9 %
KAZAKHSTAN 4.6 %
POLAND 4.3 %
INDONESIA 2.9 %
LUXEMBOURG 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 16.7% -- -- -14.3%

Market Correlations
versus... Beta R-squared
S&P500 1.05 64%
MSCI EAFE 0.95 55%
MSCI Emg. Mkts. 0.98 58%

Technical Indicators
Recent close $14.21
30d moving avg. $13.80
Annualized volatility 22.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 414 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMQQ Expense: 86 bp ALTAR Score™: 0.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FMQQ
Ticker Fund
Name		 Overlap1
vs FMQQ
(%)		 Expense
ratio
(bp)		 Savings
vs FMQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FMQQ
(%)
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 63.4 86 0 14.1 +13.8
INQQ India Internet & Ecommerce ETF 55.9 86 0 1.0 +0.7
EPI WisdomTree India Earnings Fund 30.2 85 1 4.8 +4.5
FLIN Franklin FTSE India ETF 27.7 19 67 3.9 +3.6
MINV Matthews Asia Innovators Active ETF 18.4 79 7 7.8 +7.5
DGIN VanEck Digital India ETF 15.7 71 15 1.9 +1.6
CGXU Capital Group International Focus Equity ETF 15.4 54 32 5.8 +5.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.0 60 26 12.7 +12.4
EWS iShares MSCI Singapore ETF 12.9 50 36 5.2 +4.9
XC WisdomTree Emerging Markets Ex-China Fund 12.0 32 54 6.2 +5.9
FDNI First Trust Dow Jones International Internet ETF 11.1 65 21 19.9 +19.6
EBIZ Global X E-Commerce ETF 10.9 50 36 4.4 +4.1
TOGA Tremblant Global ETF 10.7 69 17 1.8 +1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.5 20 66 10.8 +10.5
BUYZ Franklin Disruptive Commerce ETF 9.1 50 36 2.3 +2.0
ONLN ProShares Online Retail ETF 8.6 58 28 3.5 +3.2
FDCF Fidelity Disruptive Communications ETF 8.3 50 36 3.4 +3.1
ARGT Global X MSCI Argentina ETF 8.2 59 27 3.6 +3.3
OND ProShares On-Demand ETF 8.1 58 28 0.8 +0.5
EWZ iShares MSCI Brazil ETF 8.0 58 28 13.7 +13.4
ISHP First Trust Nasdaq Retail ETF 7.9 60 26 6.0 +5.7
ARKF ARK Fintech Innovation ETF 7.8 75 11 -0.4 -0.7
BRAZ Global X Brazil Active ETF 7.6 75 11 13.2 +12.9
DINT Davis Select International ETF 7.6 55 31 8.3 +8.0
AOTG AOT Growth and Innovation ETF 7.4 75 11 2.1 +1.8
AADR AdvisorShares Dorsey Wright ADR ETF 7.4 110 -24 5.1 +4.8
EPOL iShares MSCI Poland ETF 6.9 59 27 11.4 +11.1
PNQI Invesco NASDAQ Internet ETF 6.8 60 26 3.6 +3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.5 32 54 7.0 +6.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.5 15 71 10.9 +10.6
XCEM Columbia EM Core ex-China ETF 6.4 16 70 8.4 +8.1
LIVR Intelligent Livermore ETF 6.4 69 17 6.5 +6.2
BKEM BNY Mellon Emerging Markets Equity ETF 6.2 11 75 10.6 +10.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.2 36 50 10.4 +10.1
MEM Matthews Emerging Markets Equity Active ETF 6.1 79 7 8.5 +8.2
FLAX Franklin FTSE Asia Ex Japan ETF 6.1 19 67 10.0 +9.7
BPAY BlackRock Future Financial and Technology ETF 6.1 70 16 7.3 +7.0
ILF iShares Latin America 40 ETF 6.0 48 38 13.4 +13.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 66 20 10.5 +10.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.8 75 11 5.2 +4.9
BLOK Amplify Transformational Data Sharing ETF 5.7 75 11 0.3 -0.0
INDF Nifty India Financials ETF 5.6 75 11 6.4 +6.0
LOUP Innovator Deepwater Frontier Tech ETF 5.5 70 16 1.4 +1.1
METV Roundhill Ball Metaverse ETF 5.4 59 27 7.4 +7.1
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 10.7 +10.4
VICE AdvisorShares Vice ETF 5.0 99 -13 6.4 +6.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.0 33 53 10.7 +10.3
FLKR Franklin FTSE South Korea ETF 4.9 9 77 10.6 +10.3
IBUY Amplify Online Retail ETF 4.7 65 21 3.0 +2.7
KPOP KPOP and Korean Entertainment ETF 4.7 75 11 2.5 +2.2
SOCL Global X Social Media ETF 4.7 65 21 12.4 +12.1
CLOD Themes Cloud Computing ETF 4.6 35 51 3.0 +2.7
IPO Renaissance IPO ETF 4.6 60 26 4.5 +4.2
EWY iShares MSCI South Korea ETF 4.4 58 28 10.1 +9.8
BITQ Bitwise Crypto Industry Innovators ETF 4.4 85 1 -2.7 -3.0
GVIP Goldman Sachs Hedge Industry VIP ETF 4.3 45 41 3.5 +3.2
EMC Global X Emerging Markets Great Consumer ETF 4.3 75 11 8.4 +8.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 4.1 80 6 4.9 +4.6
OGIG ALPS O'Shares Global Internet Giants ETF 4.1 48 38 1.6 +1.3
INCO Columbia India Consumer ETF 4.0 75 11 1.8 +1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 24 62 8.5 +8.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 41 11.1 +10.8
MILN Global X Millennial Consumer ETF 3.9 50 36 3.8 +3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.9 29 57 6.8 +6.5
INDA iShares MSCI India ETF 3.8 65 21 4.4 +4.0
DWLD Davis Select Worldwide ETF 3.7 63 23 7.7 +7.4
INDY iShares India 50 ETF 3.7 89 -3 4.6 +4.2
EPP iShares MSCI Pacific ex-Japan ETF 3.7 47 39 5.5 +5.2
FRDM Freedom 100 Emerging Markets ETF 3.6 49 37 8.9 +8.6
AWAY ETFMG Travel Tech ETF 3.4 76 10 -0.1 -0.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 3.2 20 66 4.4 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 27 12.3 +12.0
PWB Invesco Large Cap Growth ETF 3.2 56 30 2.9 +2.6
PEJ Invesco Leisure and Entertainment ETF 3.1 58 28 1.1 +0.8
CBSE Clough Select Equity ETF 3.1 85 1 1.4 +1.1
EMXF iShares ESG Advanced MSCI EM ETF 3.1 16 70 8.6 +8.3
TMFG Motley Fool Global Opportunities ETF 3.0 85 1 3.8 +3.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.0 65 21 3.7 +3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 54 9.7 +9.4
PBJ Invesco Food & Beverage ETF 2.9 57 29 4.8 +4.5
IPOS Renaissance International IPO ETF 2.9 80 6 2.5 +2.2
IDX VanEck Indonesia Index ETF 2.9 57 29 7.4 +7.1
FFTY Innovator IBD 50 ETF 2.9 80 6 -0.4 -0.7
CGGO Capital Group Global Growth Equity ETF 2.9 47 39 4.9 +4.6
TMAT Main Thematic Innovation ETF 2.9 164 -78 -1.5 -1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.9 36 50 8.2 +7.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.9 +10.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.8 49 37 3.9 +3.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.8 75 11 3.3 +3.0
MVPA Miller Value Partners Appreciation ETF 2.8 60 26 8.6 +8.3
TRFM AAM Transformers ETF 2.7 49 37 1.8 +1.4
AFK VanEck Africa Index ETF 2.7 98 -12 12.0 +11.7
ESPO VanEck Video Gaming and eSports ETF 2.7 56 30 4.4 +4.1
HERO Global X Video Games & Esports ETF 2.7 50 36 4.2 +3.9
MOTI VanEck Morningstar International Moat ETF 2.7 58 28 12.8 +12.5
LGCF Themes US Cash Flow Champions ETF 2.6 30 56 8.7 +8.4
NDIA Global X India Active ETF 2.6 75 11 4.7 +4.3
FBZ First Trust Brazil AlphaDEX Fund 2.5 80 6 12.5 +12.2
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 27 11.5 +11.2
EMXC iShares MSCI Emerging Markets ex China ETF 2.5 25 61 8.0 +7.6
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 1 2.3 +2.0
NERD Roundhill Video Games ETF 2.5 50 36 3.3 +3.0
GINN Goldman Sachs Innovate Equity ETF 2.4 52 34 4.2 +3.9
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.4 75 11 4.5 +4.2
FDTX Fidelity Disruptive Technology ETF 2.3 50 36 2.8 +2.5
IWP iShares Russell Mid-Cap Growth ETF 2.3 23 63 3.5 +3.2
BKF iShares MSCI BIC ETF 2.3 69 17 13.8 +13.5
WLDR Affinity World Leaders Equity ETF 2.3 67 19 7.8 +7.5
FMET Fidelity Metaverse ETF 2.3 39 47 5.2 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.2 70 16 9.9 +9.6
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 61 10.7 +10.4
STXE Strive Emerging Markets Ex-China ETF 2.1 32 54 8.0 +7.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 68 8.0 +7.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.1 60 26 4.3 +4.0
USRD Themes US R&D Champions ETF 2.0 29 57 5.1 +4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 71 7.7 +7.4
VCR Vanguard Consumer Discretionary ETF 1.9 10 76 4.7 +4.4
PIN Invesco India ETF 1.9 78 8 4.3 +4.0
EIDO iShares MSCI Indonesia ETF 1.8 59 27 7.5 +7.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.8 30 56 10.9 +10.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.8 40 46 3.9 +3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 45 7.8 +7.5
KOMP SPDR S&P Kensho New Economies Composite ETF 1.8 20 66 3.6 +3.3
EEM iShares MSCI Emerging Markets ETF 1.7 69 17 10.8 +10.5
FDFF Fidelity Disruptive Finance ETF 1.7 50 36 4.1 +3.8
JIG JPMorgan International Growth ETF 1.7 55 31 4.7 +4.4
IEMG iShares Core MSCI Emerging Markets ETF 1.6 9 77 11.0 +10.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 71 8.6 +8.3
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 69 14.0 +13.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.6 8 78 4.7 +4.4
ARKW ARK Next Generation Internet ETF 1.6 87 -1 -0.6 -1.0
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 4.9 +4.6
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.5 39 47 -1.0 -1.3
GURU Global X Guru Index ETF 1.5 75 11 4.1 +3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -2 9.8 +9.5
SFYF SoFi Social 50 ETF 1.5 29 57 0.2 -0.1
NULC Nuveen ESG Large-Cap ETF 1.5 21 65 5.0 +4.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 7.3 +7.0
ODDS Pacer BlueStar Digital Entertainment ETF 1.4 60 26 2.3 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 37 10.9 +10.6
JSTC Adasina Social Justice All Cap Global ETF 1.4 89 -3 4.5 +4.2
FFOG Franklin Focused Growth ETF 1.4 61 25 2.5 +2.2
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 3.4 +3.1
IDMO Invesco S&P International Developed Momentum ETF 1.3 25 61 5.4 +5.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.3 61 25 8.0 +7.6
CGIE Capital Group International Equity ETF 1.3 54 32 5.0 +4.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.3 68 18 0.3 0.0
FXO First Trust Financials AlphaDEX Fund 1.3 62 24 8.7 +8.4
FINX Global X FinTech ETF 1.3 68 18 2.5 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 79 11.0 +10.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.2 15 71 5.5 +5.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 51 4.4 +4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -9 13.3 +13.0
FTHF First Trust Emerging Markets Human Flourishing ETF 1.2 75 11 8.9 +8.6
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 11 5.1 +4.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 5.2 +4.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 28 4.1 +3.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.1 75 11 10.3 +10.0
MOTG VanEck Morningstar Global Wide Moat ETF 1.1 52 34 6.8 +6.5
JETS U.S. Global Jets ETF 1.1 60 26 3.8 +3.5
ABLG Abacus FCF International Leaders ETF 1.1 59 27 6.2 +5.9
HAIL SPDR S&P Kensho Smart Mobility ETF 1.1 45 41 2.7 +2.4
LRGF iShares U.S. Equity Factor ETF 1.1 8 78 5.8 +5.5
AVEM Avantis Emerging Markets Equity ETF 1.1 33 53 9.5 +9.2
BUZZ VanEck Social Sentiment ETF 1.1 75 11 -0.2 -0.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 6 12.0 +11.7
DTEC ALPS Disruptive Technologies ETF 1.0 50 36 3.9 +3.6
IPAC iShares Core MSCI Pacific ETF 1.0 9 77 6.9 +6.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 37 10.1 +9.8
EFG iShares MSCI EAFE Growth ETF 0.9 36 50 4.4 +4.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 50 5.1 +4.7
GVAL Cambria Global Value ETF 0.9 68 18 11.2 +10.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 21 3.3 +3.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 27 2.9 +2.6
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 37 7.1 +6.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 70 16 7.8 +7.5
IYF iShares U.S. Financials ETF 0.8 40 46 6.2 +5.9
FENI Fidelity Enhanced International ETF 0.8 28 58 6.7 +6.4
QQQM Invesco NASDAQ 100 ETF 0.8 15 71 4.4 +4.0
QQQ Invesco QQQ Trust Series I 0.8 20 66 4.3 +4.0
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 51 5.0 +4.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.8 34 52 7.9 +7.6
VWO Vanguard FTSE Emerging Markets ETF 0.8 8 78 11.1 +10.8
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.9 +7.6
FEOE First Eagle Overseas Equity ETF 0.7 79 7 8.3 +8.0
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 4.3 +4.0
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 79 8.1 +7.8
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 41 6.3 +6.0
ECON Columbia Emerging Markets Consumer ETF 0.7 49 37 13.3 +12.9
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 56 5.4 +5.0
IWR iShares Russell Midcap ETF 0.7 19 67 6.1 +5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 38 8.1 +7.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 45 9.5 +9.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 6.7 +6.4
PSC Principal U.S. Small-Cap ETF 0.6 38 48 7.2 +6.9
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 6.1 +5.8
AIA iShares Asia 50 ETF 0.6 50 36 14.7 +14.4
SMIN iShares MSCI India Small Cap ETF 0.6 79 7 3.6 +3.2
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 51 10.2 +9.9
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 6.4 +6.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 68 5.7 +5.4
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 76 4.9 +4.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.6 35 51 5.4 +5.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 83 7.2 +6.9
AVES Avantis Emerging Markets Value ETF 0.6 36 50 12.0 +11.6
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 3.8 +3.5
USMV iShares MSCI USA Min Vol Factor ETF 0.5 15 71 5.6 +5.3
IDHQ Invesco S&P International Developed High Quality ETF 0.5 29 57 6.6 +6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 4.1 +3.7
WRND IQ Global Equity R&D Leaders ETF 0.5 18 68 8.9 +8.6
WWJD Inspire International ETF 0.5 80 6 7.3 +7.0
SCHE Schwab Emerging Markets Equity ETF 0.5 11 75 11.8 +11.5
ILCG iShares Morningstar Growth ETF 0.5 4 82 3.9 +3.6
AVSU Avantis Responsible U.S. Equity ETF 0.5 15 71 6.4 +6.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 51 6.8 +6.5
VSGX Vanguard ESG International Stock ETF 0.5 12 74 8.0 +7.7
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 77 5.0 +4.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 77 5.0 +4.7
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 58 4.4 +4.1
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 18 4.3 +4.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 66 6.4 +6.1
IXP iShares Global Comm Services ETF 0.4 42 44 6.3 +5.9
GLIN VanEck India Growth Leaders ETF 0.4 77 9 6.2 +5.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 6.1 +5.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 6 4.6 +4.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 27 6.3 +6.0
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 4.3 +4.0
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 76 5.2 +4.9
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 73 5.7 +5.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 2.4 +2.1
EFA iShares MSCI EAFE ETF 0.4 35 51 6.9 +6.6
ACWI iShares MSCI ACWI ETF 0.4 32 54 5.9 +5.6
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.9 +6.6
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 61 12.3 +12.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 66 7.0 +6.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 66 6.0 +5.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.6 +8.3
VPL Vanguard FTSE Pacific ETF 0.4 8 78 7.4 +7.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 66 7.2 +6.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 5.8 +5.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 61 13.6 +13.3
AVUS Avantis U.S. Equity ETF 0.4 15 71 6.2 +5.9
VT Vanguard Total World Stock ETF 0.4 7 79 6.2 +5.9
OPTZ Optimize Strategy Index ETF 0.4 50 36 5.3 +4.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.9 +9.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 50 6.7 +6.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.4 10 76 4.6 +4.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 78 8.3 +8.0
IEFA iShares Core MSCI EAFE ETF 0.4 7 79 7.2 +6.9
VXUS Vanguard Total International Stock ETF 0.4 7 79 8.2 +7.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.5 +5.2
EMM Global X Emerging Markets ex-China ETF 0.4 75 11 6.1 +5.8
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 62 7.2 +6.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 76 5.2 +4.9
JGRO JPMorgan Active Growth ETF 0.4 44 42 3.7 +3.4
FLGR Franklin FTSE Germany ETF 0.4 9 77 6.6 +6.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 37 7.3 +7.0
RVRB Reverb ETF 0.3 30 56 4.9 +4.5
BKIE BNY Mellon International Equity ETF 0.3 4 82 7.1 +6.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 10.0 +9.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 44 6.8 +6.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 5.3 +5.0
VTWV Vanguard Russell 2000 Value ETF 0.3 15 71 8.4 +8.0
BOUT Innovator IBD Breakout Opportunities ETF 0.3 81 5 3.1 +2.8
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 7.2 +6.8
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 6.9 +6.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 66 6.2 +5.9
IXG iShares Global Financials ETF 0.3 42 44 6.8 +6.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 76 4.5 +4.2
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 5.2 +4.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 79 7.0 +6.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 4.2 +3.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.9 +6.6
PTL Inspire 500 ETF 0.3 9 77 5.6 +5.3
FPAG FPA Global Equity ETF 0.3 49 37 6.1 +5.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 6.1 +5.8
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.3 +6.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 80 8.6 +8.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 21 12.0 +11.7
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 21 4.5 +4.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.3 +5.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 47 6.9 +6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 6.1 +5.8
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 66 10.0 +9.7
SUSA iShares MSCI USA ESG Select ETF 0.3 25 61 5.0 +4.7
VTWO Vanguard Russell 2000 ETF 0.3 10 76 4.9 +4.6
TOK iShares MSCI Kokusai ETF 0.3 26 60 5.3 +5.0
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 7.0 +6.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 4.7 +4.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 14.5 +14.2
EWG iShares MSCI Germany ETF 0.3 50 36 6.2 +5.8
PID Invesco International Dividend Achievers ETF 0.3 53 33 5.6 +5.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.9 +4.6
URTH iShares MSCI World ETF 0.3 24 62 5.4 +5.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 47 6.8 +6.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.3 +5.0
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.6 +4.3
BLES Inspire Global Hope ETF 0.3 61 25 7.0 +6.7
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.6 +4.3
VONG Vanguard Russell 1000 Growth ETF 0.3 8 78 4.7 +4.4
STXI Strive International Developed Markets ETF 0.3 29 57 7.0 +6.7
KLMN Invesco MSCI North America Climate ETF 0.3 9 77 5.3 +5.0
VOTE TCW Transform 500 ETF 0.3 5 81 5.2 +4.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 7.2 +6.9
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.8 +5.4
APIE ActivePassive International Equity ETF 0.2 45 41 7.6 +7.3
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 5.1 +4.8
TPIF Timothy Plan International ETF 0.2 62 24 6.3 +6.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 5.2 +4.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 5.2 +4.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 5.1 +4.8
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 71 1.5 +1.2
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 3.2 +2.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 61 6.5 +6.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 5.2 +4.9
RSSL Global X Russell 2000 ETF 0.2 8 78 4.8 +4.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.4 +5.1
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 76 6.0 +5.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.1 +5.7
PBUS Invesco MSCI USA ETF 0.2 4 82 5.2 +4.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 56 10.2 +9.9
IWM iShares Russell 2000 ETF 0.2 19 67 4.9 +4.6
IWN iShares Russell 2000 Value ETF 0.2 24 62 8.4 +8.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 8.5 +8.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 7.3 +6.9
IWO iShares Russell 2000 Growth ETF 0.2 24 62 1.5 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 36 11.9 +11.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 34 5.6 +5.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.6 +5.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.3 +6.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 52 5.9 +5.6
IUS Invesco RAFI Strategic US ETF 0.2 19 67 7.0 +6.7
VEA Vanguard FTSE Developed Markets ETF 0.2 5 81 7.4 +7.1
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 5.0 +4.6
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 71 5.8 +5.5
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 11.9 +11.6
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 8.2 +7.9
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.7 +3.4
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.7 +6.4
SCHF Schwab International Equity ETF 0.2 6 80 7.5 +7.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 6.1 +5.8
VTHR Vanguard Russell 3000 ETF 0.2 10 76 5.2 +4.9
IWV iShares Russell 3000 ETF 0.2 20 66 5.1 +4.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.9 +4.6
VONE Vanguard Russell 1000 ETF 0.1 8 78 5.2 +4.9
IWB iShares Russell 1000 ETF 0.1 15 71 5.2 +4.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 37 17.0 +16.7
AVSD Avantis Responsible International Equity ETF 0.1 23 63 5.7 +5.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 61 7.2 +6.9
VGK Vanguard FTSE Europe ETF 0.1 11 75 7.3 +7.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.5 +5.2
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.7 +7.4
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.3 +7.0
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 51 6.1 +5.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 46 6.0 +5.7
SMMD iShares Russell 2500 ETF 0.1 15 71 6.8 +6.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 66 6.6 +6.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.3 +6.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 3.2 +2.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 6.2 +5.9
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 6.1 +5.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 9.0 +8.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 7.2 +6.9
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.5 +8.2
QINT American Century Quality Diversified International ETF 0.1 39 47 7.4 +7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 8.3 +8.0
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 9.1 +8.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.6 +6.3
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.1 +6.8
YOKE Yoke Core ETF 0.1 42 44 4.5 +4.2
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.7 +6.4
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 7.1 +6.8
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.0 +6.7
AVDE Avantis International Equity ETF 0.1 23 63 7.7 +7.4
DFUS Dimensional U.S. Equity ETF 0.1 9 77 5.1 +4.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.7 +6.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 10.0 +9.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.6 +5.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 7.2 +6.9
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.4 +5.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.7 +5.4
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.6 +6.3
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 68 4.0 +3.7
ILCV iShares Morningstar Value ETF 0.1 4 82 6.9 +6.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 5.9 +5.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.2 +4.8
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 8.4 +8.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 72 5.7 +5.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 6.6 +6.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 8.1 +7.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 8.4 +8.1
IEV iShares Europe ETF 0.0 67 19 6.8 +6.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 9.8 +9.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.5 +7.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.6 +8.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 6.7 +6.4
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 7.1 +6.8
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.3 +7.0
STXG Strive 1000 Growth ETF 0.0 18 68 4.1 +3.8
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.7 +3.4
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.7 +6.4
VONV Vanguard Russell 1000 Value ETF 0.0 8 78 6.8 +6.5
STRV Strive 500 ETF 0.0 5 81 5.1 +4.8
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 14.1 +13.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 5.2 +4.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.8 +6.5
TAX Cambria Tax Aware ETF 0.0 49 37 5.3 +5.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.6 +7.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 7.0 +6.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.6 +7.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.6 +5.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 71 6.1 +5.8
EBI Longview Advantage ETF 0.0 35 51 7.0 +6.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.8 +4.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  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:		 FMQQ The Next Frontier Internet & Ecommerce ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.9 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.50
 
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.