FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 35.9x P/Sales
ratio		 3.3x
P/BV
ratio		 4.2x 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) $27
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 45
Wgt avg mkt cap (mns) $272,993
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 26.7 %
MERCADOLIBRE INC 8.2 %
NU HOLDINGS LTD. CLASS A 8.1 %
BAJAJ FINANCE LTD 8.0 %
ZOMATO LTD. 7.7 %
SEA LTD. (SINGAPORE) SPONSORED ADR 7.7 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 4.7 %
KASPI.KZ JSC SPONSORED GDR REGS 4.7 %
JIO FINANCIAL SERVICES LTD 4.1 %
COUPANG, INC. CLASS A 3.3 %
Total 83.1 %

TOP COUNTRY EXPOSURE
INDIA 41.7 %
SINGAPORE 12.4 %
SOUTH KOREA 9.3 %
ARGENTINA 8.2 %
CAYMAN ISLANDS 8.1 %
BRAZIL 4.8 %
KAZAKHSTAN 4.7 %
LUXEMBOURG 2.1 %
GERMANY 1.4 %
URUGUAY 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.8% 10.8% -- -- -12.8%

Market Correlations
versus... Beta R-squared
S&P500 0.77 56%
MSCI EAFE 0.88 51%
MSCI Emg. Mkts. 0.88 59%

Technical Indicators
Recent close $13.99
30d moving avg. $13.94
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 449 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™: 0.4%


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 63.7 86 0 11.7 +11.3
INQQ India Internet & Ecommerce ETF 41.6 86 0 1.2 +0.8
EPI WisdomTree India Earnings Fund 25.0 85 1 4.3 +4.0
FLIN Franklin FTSE India ETF 22.1 19 67 3.6 +3.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 18.5 60 26 8.9 +8.5
XC WisdomTree Emerging Markets Ex-China Fund 17.6 32 54 5.5 +5.1
MINV Matthews Asia Innovators Active ETF 15.1 79 7 5.5 +5.2
CGXU Capital Group International Focus Equity ETF 12.6 54 32 4.7 +4.4
DGIN VanEck Digital India ETF 12.5 71 15 1.2 +0.9
EWS iShares MSCI Singapore ETF 11.7 50 36 4.1 +3.8
BPAY BlackRock Future Financial and Technology ETF 10.4 70 16 5.5 +5.2
TOGA Tremblant Global ETF 10.2 69 17 1.2 +0.9
EWZ iShares MSCI Brazil ETF 9.8 58 28 12.0 +11.6
FDNI First Trust Dow Jones International Internet ETF 9.6 65 21 18.4 +18.0
BRAZ Global X Brazil Active ETF 9.0 75 11 10.5 +10.2
EBIZ Global X E-Commerce ETF 9.0 50 36 3.3 +2.9
OTGL OTG Latin America ETF 8.6 269 -183 7.2 +6.9
BUYZ Franklin Disruptive Commerce ETF 8.2 50 36 2.0 +1.6
ARGT Global X MSCI Argentina ETF 8.2 59 27 3.0 +2.7
ILF iShares Latin America 40 ETF 8.1 48 38 10.7 +10.3
ONLN ProShares Online Retail ETF 7.8 58 28 1.9 +1.5
ISHP First Trust Nasdaq Retail ETF 7.6 60 26 5.0 +4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.6 20 66 22,159.8 +22,159.5
AOTG AOT Growth and Innovation ETF 6.7 75 11 1.4 +1.1
ARKF ARK Fintech Innovation ETF 6.6 75 11 0.1 -0.3
PNQI Invesco NASDAQ Internet ETF 6.1 60 26 3.0 +2.6
LOUP Innovator Deepwater Frontier Tech ETF 6.1 70 16 0.7 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.9 24 62 6.4 +6.1
MEM Matthews Emerging Markets Equity Active ETF 5.9 79 7 6.4 +6.0
OND ProShares On-Demand ETF 5.6 58 28 -0.6 -0.9
FDCF Fidelity Disruptive Communications ETF 5.4 50 36 3.3 +2.9
MVPA Miller Value Partners Appreciation ETF 5.3 60 26 7.8 +7.4
BLOK Amplify Transformational Data Sharing ETF 5.3 75 11 0.3 -0.1
INCO Columbia India Consumer ETF 5.1 75 11 1.5 +1.2
CDIG City Different Investments Global Equity ETF 5.0 75 11 0.5 +0.1
SOCL Global X Social Media ETF 4.9 65 21 9.0 +8.6
BCOR Grayscale Bitcoin Adopters ETF 4.8 59 27 2.1 +1.8
TMAT Main Thematic Innovation ETF 4.7 164 -78 -1.5 -1.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.7 75 11 3.0 +2.6
FLAX Franklin FTSE Asia Ex Japan ETF 4.6 19 67 7.5 +7.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.6 33 53 8.2 +7.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.5 15 71 8.5 +8.2
BKEM BNY Mellon Emerging Markets Equity ETF 4.4 11 75 8.0 +7.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.4 36 50 8.0 +7.7
JHEM John Hancock Multifactor Emerging Markets ETF 4.3 49 37 8.3 +8.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.2 66 20 7.8 +7.4
LOGO Alpha Brands Consumption Leaders ETF 4.1 69 17 2.5 +2.1
JADE JPMorgan Active Developing Markets Equity ETF 4.1 65 21 6.6 +6.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.1 32 54 5.4 +5.0
EMC Global X Emerging Markets Great Consumer ETF 4.1 75 11 7.0 +6.6
IBUY Amplify Online Retail ETF 3.9 65 21 1.3 +0.9
ITOL Tema International Durable Quality ETF 3.9 60 26 4.7 +4.4
GVIP Goldman Sachs Hedge Industry VIP ETF 3.6 45 41 2.7 +2.3
CLOD Themes Cloud Computing ETF 3.6 35 51 2.9 +2.5
ABLG Abacus FCF International Leaders ETF 3.5 59 27 5.7 +5.4
NDIA Global X India Active ETF 3.4 75 11 4.8 +4.4
FLKR Franklin FTSE South Korea ETF 3.4 9 77 5.8 +5.5
DINT Davis Select International ETF 3.3 55 31 6.7 +6.3
OGIG ALPS O'Shares Global Internet Giants ETF 3.2 48 38 1.8 +1.5
METV Roundhill Ball Metaverse ETF 3.2 59 27 7.6 +7.2
EWY iShares MSCI South Korea ETF 3.2 58 28 5.0 +4.7
IPO Renaissance IPO ETF 3.1 60 26 2.7 +2.4
FLN First Trust Latin America AlphaDEX Fund 3.1 80 6 10.4 +10.0
OSEA Harbor International Compounders ETF 3.0 55 31 4.3 +4.0
MILN Global X Millennial Consumer ETF 3.0 50 36 3.4 +3.0
EPP iShares MSCI Pacific ex-Japan ETF 3.0 47 39 5.0 +4.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.8 45 41 8.5 +8.2
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.8 75 11 4.7 +4.3
FDFF Fidelity Disruptive Finance ETF 2.7 50 36 3.9 +3.5
CGGO Capital Group Global Growth Equity ETF 2.7 47 39 3.8 +3.5
ARTY iShares Future AI & Tech ETF 2.7 47 39 2.9 +2.6
ANEW ProShares MSCI Transformational Changes ETF 2.6 45 41 4.6 +4.2
TMFG Motley Fool Global Opportunities ETF 2.4 85 1 3.5 +3.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.4 75 11 2.4 +2.0
XCEM Columbia EM Core ex-China ETF 2.4 16 70 6.6 +6.2
AADR AdvisorShares Dorsey Wright ADR ETF 2.3 110 -24 4.0 +3.7
CBSE Clough Select Equity ETF 2.3 85 1 0.9 +0.5
AWAY ETFMG Travel Tech ETF 2.3 76 10 -0.2 -0.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.3 20 66 4.2 +3.8
EMM Global X Emerging Markets ex-China ETF 2.3 75 11 5.6 +5.3
BITQ Bitwise Crypto Industry Innovators ETF 2.2 85 1 -2.0 -2.3
FMET Fidelity Metaverse ETF 2.2 39 47 4.3 +3.9
FFOG Franklin Focused Growth ETF 2.2 61 25 1.9 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.2 59 27 7.6 +7.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.1 44 42 9.5 +9.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 54 7.1 +6.7
EPOL iShares MSCI Poland ETF 2.1 59 27 9.7 +9.3
FDLS Inspire Fidelis Multi Factor ETF 2.1 76 10 4.1 +3.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.0 58 28 3.9 +3.6
FDIG Fidelity Crypto Industry and Digital Payments ETF 2.0 39 47 -0.8 -1.1
FXO First Trust Financials AlphaDEX Fund 2.0 62 24 7.2 +6.8
EMXF iShares ESG Advanced MSCI EM ETF 2.0 16 70 7.2 +6.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 2.0 80 6 4.4 +4.0
PCGG Polen Capital Global Growth ETF 1.9 85 1 3.4 +3.0
ESGE iShares ESG Aware MSCI EM ETF 1.9 25 61 8.5 +8.2
FINX Global X FinTech ETF 1.9 68 18 2.5 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 6.6 +6.3
LGCF Themes US Cash Flow Champions ETF 1.8 30 56 7.2 +6.9
TRFM AAM Transformers ETF 1.8 49 37 1.0 +0.6
USRD Themes US R&D Champions ETF 1.8 29 57 4.0 +3.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.8 60 26 4.4 +4.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 18 5.9 +5.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 61 5.9 +5.5
BKF iShares MSCI BIC ETF 1.7 69 17 11.8 +11.4
INDY iShares India 50 ETF 1.7 89 -3 4.9 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 50 6.7 +6.4
FDTX Fidelity Disruptive Technology ETF 1.7 50 36 2.1 +1.7
JIG JPMorgan International Growth ETF 1.7 55 31 4.0 +3.6
AFK VanEck Africa Index ETF 1.6 98 -12 11.2 +10.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 68 6.5 +6.2
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 4.2 +3.8
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.1 +4.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 6.2 +5.8
NULG Nuveen ESG Large-Cap Growth ETF 1.5 26 60 2.7 +2.4
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.1 +2.8
GINN Goldman Sachs Innovate Equity ETF 1.4 52 34 3.2 +2.8
VCR Vanguard Consumer Discretionary ETF 1.4 9 77 3.9 +3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.4 15 71 6.3 +6.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 78 3.7 +3.4
XRT State Street SPDR S&P Retail ETF 1.3 35 51 6.9 +6.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.3 30 56 8.1 +7.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 16 7.3 +6.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 3.9 +3.5
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 69 11.4 +11.1
SFYF SoFi Social 50 ETF 1.3 29 57 0.9 +0.5
EEM iShares MSCI Emerging Markets ETF 1.3 69 17 8.1 +7.8
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.3 40 46 3.1 +2.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 3.7 +3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 45 6.5 +6.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.1 58 28 7.3 +7.0
YNOT Horizon Digital Frontier ETF 1.1 75 11 2.5 +2.2
INDA iShares MSCI India ETF 1.1 65 21 4.0 +3.7
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 77 8.6 +8.2
STXE Strive Emerging Markets Ex-China ETF 1.1 32 54 6.2 +5.9
GURU Global X Guru Index ETF 1.1 75 11 2.4 +2.1
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 37 3.4 +3.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.1 61 25 6.1 +5.8
CGIE Capital Group International Equity ETF 1.1 54 32 4.3 +3.9
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.4 +4.0
IWP iShares Russell Mid-Cap Growth ETF 1.0 23 63 2.6 +2.3
ARKW ARK Next Generation Internet ETF 1.0 87 -1 0.7 +0.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 51 3.6 +3.3
WRND IQ Global Equity R&D Leaders ETF 1.0 18 68 6.6 +6.3
IYF iShares U.S. Financials ETF 1.0 40 46 5.2 +4.9
MID American Century Mid Cap Growth Impact ETF 1.0 45 41 2.9 +2.5
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 1.3 +1.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.9 45 41 2.1 +1.8
QGRW WisdomTree U.S. Quality Growth Fund 0.9 28 58 3.3 +2.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.8 33 53 7.0 +6.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.6 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 79 9.3 +9.0
DWLD Davis Select Worldwide ETF 0.8 63 23 6.3 +6.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.8 33 53 7.0 +6.7
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.2 +3.9
DTEC ALPS Disruptive Technologies ETF 0.8 50 36 3.3 +2.9
EWZS iShares MSCI Brazil Small-Cap ETF 0.8 59 27 11.2 +10.9
FEOE First Eagle Overseas Equity ETF 0.8 79 7 6.1 +5.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.8 20 66 2.6 +2.3
FRDM Freedom 100 Emerging Markets ETF 0.8 49 37 6.0 +5.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.8 36 50 4.2 +3.9
PSC Principal U.S. Small-Cap ETF 0.7 38 48 6.0 +5.6
IPAC iShares Core MSCI Pacific ETF 0.7 9 77 5.8 +5.4
NULC Nuveen ESG Large-Cap ETF 0.7 21 65 4.4 +4.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 37 7.9 +7.6
GVAL Cambria Global Value ETF 0.7 68 18 9.4 +9.1
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 61 9.6 +9.2
EFG iShares MSCI EAFE Growth ETF 0.7 36 50 3.7 +3.3
GGRW Gabelli Growth Innovators ETF 0.7 90 -4 1.8 +1.5
FEGE First Eagle Global Equity ETF 0.7 79 7 5.7 +5.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 11 8.5 +8.2
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 3.3 +3.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.7 30 56 5.8 +5.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 27 1.6 +1.2
AIA iShares Asia 50 ETF 0.6 50 36 10.6 +10.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 21 9.9 +9.5
AVEM Avantis Emerging Markets Equity ETF 0.6 33 53 7.3 +7.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 52 6.5 +6.2
RGEF Rockefeller Global Equity ETF 0.6 55 31 4.0 +3.6
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 5.3 +4.9
ECON Columbia Emerging Markets Consumer ETF 0.6 49 37 10.0 +9.7
QQQ Invesco QQQ Trust Series I 0.6 20 66 3.4 +3.0
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 3.4 +3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 5.8 +5.5
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 11 7.5 +7.2
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 56 6.5 +6.2
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 5.2 +4.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 6.0 +5.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 45 7.2 +6.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 41 9.5 +9.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.5 65 21 4.1 +3.7
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 79 6.8 +6.4
IXP iShares Global Comm Services ETF 0.5 42 44 5.3 +4.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 71 5.3 +4.9
JETS U.S. Global Jets ETF 0.5 60 26 2.1 +1.7
JGRO JPMorgan Active Growth ETF 0.5 44 42 2.9 +2.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 51 6.5 +6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 38 6.1 +5.7
SMIN iShares MSCI India Small Cap ETF 0.5 79 7 3.4 +3.0
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 51 7.5 +7.1
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 3.2 +2.8
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 66 4.6 +4.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 21 1.8 +1.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 5.0 +4.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 56 4.7 +4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 4.8 +4.4
LRGF iShares U.S. Equity Factor ETF 0.4 8 78 4.7 +4.4
IXG iShares Global Financials ETF 0.4 42 44 5.8 +5.5
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 71 5.0 +4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 5.3 +5.0
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 2.9 +2.5
VPL Vanguard FTSE Pacific ETF 0.4 7 79 5.9 +5.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 51 5.8 +5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 37 6.2 +5.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 37 8.5 +8.1
SUSA iShares MSCI USA ESG Select ETF 0.4 25 61 3.9 +3.6
PPIE Putnam PanAgora ESG International Equity ETF 0.4 49 37 7.0 +6.6
VXF Vanguard Extended Market ETF 0.4 5 81 3.9 +3.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 65 3.1 +2.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 74 5.2 +4.9
WWJD Inspire International ETF 0.4 80 6 6.5 +6.1
AVES Avantis Emerging Markets Value ETF 0.4 36 50 9.6 +9.3
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.1 +3.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 4.0 +3.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 5.3 +5.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.1 +7.7
RECS Columbia Research Enhanced Core ETF 0.4 15 71 5.0 +4.7
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.0 +4.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 11 4.8 +4.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 48 3.9 +3.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 83 6.1 +5.7
ESPO VanEck Video Gaming and eSports ETF 0.4 56 30 4.9 +4.5
HERO Global X Video Games & Esports ETF 0.4 50 36 4.3 +3.9
NERD Roundhill Video Games ETF 0.4 50 36 6.2 +5.9
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 26 2.8 +2.4
CGV Conductor Global Equity Value ETF 0.4 130 -44 7.0 +6.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 3.6 +3.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 66 5.5 +5.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 3.6 +3.3
JIRE JPMorgan International Research Enhanced Equity ETF 0.3 24 62 6.3 +6.0
GLOF iShares Global Equity Factor ETF 0.3 20 66 5.9 +5.6
EFA iShares MSCI EAFE ETF 0.3 35 51 5.8 +5.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 77 4.1 +3.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 16 3.3 +2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 22 0.9 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 27 5.1 +4.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 33 6.2 +5.8
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 5.8 +5.5
IWO iShares Russell 2000 Growth ETF 0.3 24 62 0.6 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 50 5.9 +5.5
AVUS Avantis U.S. Equity ETF 0.3 15 71 5.0 +4.6
ACWI iShares MSCI ACWI ETF 0.3 32 54 4.7 +4.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 8.0 +7.7
FLGR Franklin FTSE Germany ETF 0.3 9 77 6.4 +6.1
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.0 +4.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 5.1 +4.8
IWF iShares Russell 1000 Growth ETF 0.3 19 67 3.2 +2.8
IWR iShares Russell Midcap ETF 0.3 19 67 5.5 +5.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 76 4.2 +3.8
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 73 5.3 +4.9
TPIF Timothy Plan International ETF 0.3 62 24 5.5 +5.1
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.1 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 7.6 +7.3
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 6.2 +5.8
VSGX Vanguard ESG International Stock ETF 0.3 10 76 6.7 +6.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.3 +4.0
VT Vanguard Total World Stock ETF 0.3 6 80 5.1 +4.8
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 28 5.0 +4.7
PTL Inspire 500 ETF 0.3 9 77 4.8 +4.4
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 18 2.9 +2.6
ILCG iShares Morningstar Growth ETF 0.3 4 82 3.0 +2.7
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 3.5 +3.1
RVRB Reverb ETF 0.3 30 56 4.0 +3.6
EWG iShares MSCI Germany ETF 0.3 50 36 5.8 +5.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 5.0 +4.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 66 5.9 +5.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 16 6.9 +6.5
PID Invesco International Dividend Achievers ETF 0.3 53 33 4.9 +4.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 5.8 +5.4
VTWG Vanguard Russell 2000 Growth ETF 0.3 10 76 0.8 +0.4
AVUQ Avantis U.S. Quality ETF 0.3 15 71 3.5 +3.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 6.1 +5.8
OPTZ Optimize Strategy Index ETF 0.2 50 36 4.2 +3.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 76 3.6 +3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 77 4.9 +4.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 48 7.6 +7.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 4.4 +4.1
FPAG FPA Global Equity ETF 0.2 49 37 5.0 +4.6
BKIE BNY Mellon International Equity ETF 0.2 4 82 6.1 +5.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 79 9.1 +8.8
IMCB iShares Morningstar Mid-Cap ETF 0.2 4 82 5.5 +5.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.3 +3.9
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 42 10.4 +10.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 76 4.5 +4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 6.2 +5.9
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 3.3 +2.9
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 5.8 +5.4
UIVM VictoryShares International Value Momentum ETF 0.2 35 51 7.6 +7.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 61 6.4 +6.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 6.9 +6.6
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.1 +3.8
AFSM First Trust Active Factor Small Cap ETF 0.2 75 11 6.6 +6.2
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.0 +5.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 4.3 +3.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.2 +3.8
VOTE TCW Transform 500 ETF 0.2 5 81 4.2 +3.9
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 3.6 +3.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 61 10.8 +10.4
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 4.2 +3.8
VXUS Vanguard Total International Stock ETF 0.2 5 81 6.9 +6.5
TMFC Motley Fool 100 Index ETF 0.2 50 36 2.9 +2.5
SCHF Schwab International Equity ETF 0.2 6 80 6.3 +5.9
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 3.5 +3.1
GEW Cambria Global EW ETF 0.2 29 57 5.4 +5.0
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 61 4.5 +4.2
BLES Inspire Global Hope ETF 0.2 61 25 6.1 +5.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 4.5 +4.2
GXLC Global X U.S. 500 ETF 0.2 2 84 4.1 +3.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 44 8.7 +8.3
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.3 +4.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 4.3 +3.9
STXI Strive International Developed Markets ETF 0.2 29 57 5.7 +5.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 6.7 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 6.2 +5.8
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 63 7.4 +7.1
RSSL Global X Russell 2000 ETF 0.2 8 78 3.2 +2.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 4.2 +3.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 66 5.6 +5.3
URTH iShares MSCI World ETF 0.2 24 62 4.4 +4.1
IWM iShares Russell 2000 ETF 0.2 19 67 3.2 +2.8
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 9.4 +9.0
FENI Fidelity Enhanced International ETF 0.2 28 58 5.6 +5.3
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 2.5 +2.2
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 4.3 +4.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 6.4 +6.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 5.5 +5.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 66 4.8 +4.4
APIE ActivePassive International Equity ETF 0.2 45 41 6.5 +6.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 5.5 +5.2
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.2 20 66 9.2 +8.8
PBUS Invesco MSCI USA ETF 0.2 4 82 4.2 +3.9
VTWO Vanguard Russell 2000 ETF 0.2 7 79 3.3 +3.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 6.6 +6.2
AVSD Avantis Responsible International Equity ETF 0.2 23 63 4.7 +4.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 7.6 +7.2
IWV iShares Russell 3000 ETF 0.2 20 66 4.1 +3.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 5.3 +5.0
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 5.3 +4.9
IWB iShares Russell 1000 ETF 0.1 15 71 4.2 +3.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 4.3 +4.0
VTHR Vanguard Russell 3000 ETF 0.1 7 79 4.2 +3.8
VONE Vanguard Russell 1000 ETF 0.1 7 79 4.3 +3.9
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 71 5.0 +4.6
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 39 3.1 +2.7
IMCV iShares Morningstar Mid-Cap Value ETF 0.1 6 80 7.3 +6.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 61 4.7 +4.4
ILCV iShares Morningstar Value ETF 0.1 4 82 5.6 +5.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 36 9.4 +9.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 66 6.0 +5.7
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 3.9 +3.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.0 +4.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.6 +5.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 62 6.5 +6.1
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 26 4.2 +3.8
IWL iShares Russell Top 200 ETF 0.1 15 71 3.9 +3.5
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.1 +2.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 4.5 +4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 47 2.7 +2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 5.4 +5.0
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 6.7 +6.4
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 2.2 +1.8
DAK Dakota Active Equity ETF 0.1 43 43 3.7 +3.4
GWX SPDR S&P International Small Cap ETF 0.1 40 46 6.0 +5.6
SMMD iShares Russell 2500 ETF 0.1 15 71 5.8 +5.5
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.3 +6.0
REVS Columbia Research Enhanced Value ETF 0.1 19 67 6.9 +6.6
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 7.1 +6.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.1 +4.8
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.0 +4.6
VGK Vanguard FTSE Europe ETF 0.1 6 80 6.4 +6.1
AVDE Avantis International Equity ETF 0.1 23 63 6.4 +6.1
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.4 +6.0
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 6.0 +5.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 6.7 +6.3
EZU iShares MSCI Eurozone ETF 0.1 52 34 5.7 +5.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 49 7.3 +7.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 7.2 +6.8
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 11 7.8 +7.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.3 +6.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 72 4.2 +3.9
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 38 6.2 +5.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.1 +5.7
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.1 +3.8
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 4.3 +4.0
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 5.4 +5.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 3.8 +3.5
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 4.5 +4.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 78 6.5 +6.2
SCHX Schwab U.S. Large-Cap ETF 0.1 3 83 4.3 +3.9
SCHK Schwab 1000 Index ETF 0.1 5 81 4.3 +3.9
IYY iShares Dow Jones U.S. ETF 0.1 20 66 4.1 +3.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 82 5.1 +4.8
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 6.1 +5.7
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -4 3.0 +2.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 83 4.3 +3.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 83 4.2 +3.8
IWN iShares Russell 2000 Value ETF 0.0 24 62 5.8 +5.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 8.3 +8.0
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 5.9 +5.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 45 5.3 +4.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 69 4.7 +4.4
IEV iShares Europe ETF 0.0 67 19 5.8 +5.5
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 10.6 +10.3
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 4.6 +4.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 4.6 +4.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 5.6 +5.3
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 6.3 +5.9
IQSI IQ Candriam International Equity ETF 0.0 15 71 5.7 +5.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 5.9 +5.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 77 7.0 +6.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 47 5.9 +5.6
IEUR iShares Core MSCI Europe ETF 0.0 11 75 6.3 +6.0
XT iShares Exponential Technologies ETF 0.0 46 40 4.2 +3.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 6.3 +6.0
STXG Strive 1000 Growth ETF 0.0 18 68 3.1 +2.8
FESM Fidelity Enhanced Small Cap ETF 0.0 28 58 2.8 +2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 28 8.7 +8.3
STRV Strive 500 ETF 0.0 5 81 4.1 +3.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.1 +5.7
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 68 6.0 +5.6
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 5.8 +5.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 5.8 +5.4
IWD iShares Russell 1000 Value ETF 0.0 19 67 5.6 +5.3
DFIS Dimensional International Small Cap ETF 0.0 39 47 6.3 +5.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 6.4 +6.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 5.5 +5.2
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 37 4.7 +4.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 44 4.7 +4.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 44 5.6 +5.3
IGRO iShares International Dividend Growth ETF 0.0 15 71 6.3 +6.0
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 6.4 +6.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 6.1 +5.8
EBI Longview Advantage ETF 0.0 35 51 5.8 +5.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 3.9 +3.5
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 7.6 +7.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 6.8 +6.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 13.7 +13.4
IDX VanEck Indonesia Index ETF 0.0 57 29 6.7 +6.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 75 9.5 +9.2
EIDO iShares MSCI Indonesia ETF 0.0 59 27 7.1 +6.8

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:		 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 5.1 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.54
 
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.