FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 38.3x P/Sales
ratio		 3.2x
P/BV
ratio		 4.3x Div.
yield		 0.2%


  • 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) $22
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) $226,180
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 24.4 %
BAJAJ FINANCE LTD 8.7 %
MERCADOLIBRE INC 6.0 %
ZOMATO LTD. 5.6 %
NU HOLDINGS LTD. CLASS A 5.6 %
SEA LTD. (SINGAPORE) SPONSORED ADR 5.0 %
KASPI.KZ JSC SPONSORED GDR REGS 4.6 %
JIO FINANCIAL SERVICES LTD 3.9 %
BILLIONBRAINS GARAGE VENTURES LTD 3.7 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 3.1 %
Total 70.5 %

TOP COUNTRY EXPOSURE
INDIA 36.5 %
SINGAPORE 8.1 %
SOUTH KOREA 6.9 %
ARGENTINA 6.0 %
CAYMAN ISLANDS 5.6 %
KAZAKHSTAN 4.6 %
BRAZIL 3.8 %
LUXEMBOURG 2.3 %
GERMANY 1.4 %
INDONESIA 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.8% -13.9% -- -- -12.6%

Market Correlations
versus... Beta R-squared
S&P500 1.10 50%
MSCI EAFE 0.88 48%
MSCI Emg. Mkts. 0.51 40%

Technical Indicators
Recent close $13.01
30d moving avg. $12.38
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.6%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 430 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™: 0.2%


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
(%)
INQQ India Internet & Ecommerce ETF 30.3 86 0 0.5 +0.3
EPI WisdomTree India Earnings Fund 21.7 85 1 5.1 +4.9
FLIN Franklin FTSE India ETF 20.0 19 67 4.1 +3.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.3 60 26 9.1 +8.9
XC WisdomTree Emerging Markets Ex-China Fund 13.5 32 54 6.3 +6.2
DGIN VanEck Digital India ETF 12.1 71 15 1.3 +1.1
BPAY BlackRock Future Financial and Technology ETF 11.3 70 16 4.9 +4.7
FDNI First Trust Dow Jones International Internet ETF 11.1 65 21 25.2 +25.1
EBIZ Global X E-Commerce ETF 11.0 50 36 4.7 +4.5
TOGA Tremblant Global ETF 9.1 69 17 -0.2 -0.3
OTGL OTG Latin America ETF 7.9 269 -183 7.5 +7.3
EWS iShares MSCI Singapore ETF 7.3 50 36 3.5 +3.3
BRAZ Global X Brazil Active ETF 7.2 75 11 9.8 +9.6
EWZ iShares MSCI Brazil ETF 7.1 58 28 10.2 +10.0
ISHP First Trust Nasdaq Retail ETF 6.6 60 26 5.3 +5.1
ONLN ProShares Online Retail ETF 6.5 58 28 1.3 +1.2
ARKF ARK Fintech Innovation ETF 6.3 75 11 0.2 -0.0
DINT Davis Select International ETF 6.2 55 31 5.9 +5.7
INCO Columbia India Consumer ETF 6.1 75 11 2.1 +1.9
ARGT Global X MSCI Argentina ETF 6.0 59 27 3.2 +3.0
CDIG City Different Investments Global Equity ETF 6.0 75 11 -1.6 -1.8
MVPA Miller Value Partners Appreciation ETF 5.9 60 26 9.0 +8.9
AOTG AOT Growth and Innovation ETF 5.7 75 11 1.2 +1.0
ILF iShares Latin America 40 ETF 5.6 48 38 9.3 +9.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.2 24 62 5.0 +4.8
CGXU Capital Group International Focus Equity ETF 5.2 54 32 3.7 +3.5
PNQI Invesco NASDAQ Internet ETF 5.1 60 26 3.6 +3.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.0 75 11 3.2 +3.0
IBUY Amplify Online Retail ETF 5.0 65 21 2.2 +2.0
EMMF WisdomTree Emerging Markets Multifactor Fund 5.0 48 38 8.3 +8.1
BCOR Grayscale Bitcoin Adopters ETF 5.0 59 27 1.7 +1.5
BLOK Amplify Transformational Data Sharing ETF 4.7 75 11 -0.2 -0.3
OND ProShares On-Demand ETF 4.7 58 28 0.5 +0.3
LOGO Alpha Brands Consumption Leaders ETF 4.6 69 17 2.7 +2.5
OSEA Harbor International Compounders ETF 4.6 55 31 4.4 +4.2
METV Roundhill Ball Metaverse ETF 4.5 59 27 7.4 +7.3
FDCF Fidelity Disruptive Communications ETF 4.4 50 36 1.8 +1.6
BUYZ Franklin Disruptive Commerce ETF 4.4 50 36 2.4 +2.3
DWLD Davis Select Worldwide ETF 4.0 63 23 6.8 +6.6
BJK VanEck Gaming ETF 4.0 65 21 4.6 +4.4
GVIP Goldman Sachs Hedge Industry VIP ETF 4.0 45 41 2.4 +2.3
JHEM John Hancock Multifactor Emerging Markets ETF 3.9 49 37 7.2 +7.0
NDIA Global X India Active ETF 3.8 75 11 5.1 +4.9
MILN Global X Millennial Consumer ETF 3.7 50 36 4.0 +3.8
LOUP Innovator Deepwater Frontier Tech ETF 3.6 70 16 1.0 +0.8
FLAX Franklin FTSE Asia Ex Japan ETF 3.6 19 67 6.9 +6.7
SOCL Global X Social Media ETF 3.6 65 21 13.4 +13.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.6 15 71 7.8 +7.6
OGIG ALPS O'Shares Global Internet Giants ETF 3.5 48 38 2.4 +2.2
MEM Matthews Emerging Markets Equity Active ETF 3.5 79 7 8.3 +8.1
GKAT Scharf Global Opportunity ETF 3.5 57 29 5.7 +5.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.4 33 53 6.5 +6.3
BKEM BNY Mellon Emerging Markets Equity ETF 3.4 11 75 23.5 +23.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.4 36 50 7.4 +7.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.3 66 20 7.2 +7.0
PXH Invesco FTSE RAFI Emerging Markets ETF 3.3 49 37 12.7 +12.6
CLOD Themes Cloud Computing ETF 3.3 35 51 3.0 +2.8
VUSG Vanguard Wellington U.S. Growth Active ETF 3.2 35 51 2.5 +2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.1 32 54 4.5 +4.4
EMC Global X Emerging Markets Great Consumer ETF 2.9 75 11 6.9 +6.7
MINV Matthews Asia Innovators Active ETF 2.8 79 7 5.6 +5.5
GPT Intelligent Alpha Atlas ETF 2.8 69 17 6.1 +5.9
ARTY iShares Future AI & Tech ETF 2.6 47 39 2.3 +2.1
FDFF Fidelity Disruptive Finance ETF 2.6 50 36 4.8 +4.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 2.5 80 6 4.9 +4.8
PCGG Polen Capital Global Growth ETF 2.3 85 1 3.9 +3.7
EPOL iShares MSCI Poland ETF 2.3 59 27 8.0 +7.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.3 58 28 3.1 +2.9
FMET Fidelity Metaverse ETF 2.3 39 47 4.3 +4.1
TMFG Motley Fool Global Opportunities ETF 2.3 85 1 3.8 +3.6
EWY iShares MSCI South Korea ETF 2.2 58 28 3.1 +2.9
ABLG Abacus FCF International Leaders ETF 2.2 59 27 6.5 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.2 45 41 7.7 +7.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.1 60 26 4.2 +4.0
INDY iShares India 50 ETF 2.1 89 -3 5.3 +5.1
EPP iShares MSCI Pacific ex-Japan ETF 2.1 47 39 4.7 +4.5
BKF iShares MSCI BIC ETF 2.1 69 17 14.7 +14.5
IPO Renaissance IPO ETF 2.1 60 26 1.6 +1.5
JADE JPMorgan Active Developing Markets Equity ETF 2.0 65 21 5.7 +5.6
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.0 75 11 5.7 +5.6
USRD Themes US R&D Champions ETF 2.0 29 57 4.0 +3.9
ANEW ProShares MSCI Transformational Changes ETF 1.9 45 41 4.1 +4.0
INDA iShares MSCI India ETF 1.9 65 21 4.5 +4.3
BITQ Bitwise Crypto Industry Innovators ETF 1.9 85 1 -2.1 -2.3
FLKR Franklin FTSE South Korea ETF 1.9 9 77 4.0 +3.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.9 20 66 4.1 +3.9
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 70 6.4 +6.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 27 8.2 +8.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 28 9.2 +9.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.7 44 42 9.1 +8.9
LGCF Themes US Cash Flow Champions ETF 1.7 30 56 6.7 +6.6
EWZS iShares MSCI Brazil Small-Cap ETF 1.7 59 27 11.9 +11.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.6 75 11 1.9 +1.7
MID American Century Mid Cap Growth Impact ETF 1.6 45 41 3.0 +2.8
GINN Goldman Sachs Innovate Equity ETF 1.6 52 34 3.6 +3.4
TRFM AAM Transformers ETF 1.5 49 37 1.0 +0.8
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.8 +3.6
EMM Global X Emerging Markets ex-China ETF 1.5 75 11 4.5 +4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.5 32 54 7.3 +7.1
ESGE iShares ESG Aware MSCI EM ETF 1.5 25 61 7.9 +7.7
MVAL VanEck Morningstar Wide Moat Value ETF 1.4 49 37 6.1 +5.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.4 39 47 -1.2 -1.3
VCR Vanguard Consumer Discretionary ETF 1.4 9 77 4.6 +4.4
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 3.0 +2.8
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 40 5.3 +5.1
EMXC iShares MSCI Emerging Markets ex China ETF 1.4 25 61 4.9 +4.7
XRT State Street SPDR S&P Retail ETF 1.4 35 51 7.5 +7.4
DSTX Distillate International Fundamental Stability & Value ETF 1.4 55 31 6.2 +6.0
XCEM Columbia EM Core ex-China ETF 1.3 16 70 4.8 +4.6
GURU Global X Guru Index ETF 1.3 75 11 2.3 +2.1
FFF Founders 100 ETF 1.3 75 11 2.3 +2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 68 6.1 +5.9
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 69 12.4 +12.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.3 18 68 5.0 +4.8
TMFX Motley Fool Next Index ETF 1.2 50 36 2.7 +2.6
AWAY ETFMG Travel Tech ETF 1.2 76 10 1.0 +0.8
CBSE Clough Select Equity ETF 1.2 85 1 0.4 +0.2
ARKW ARK Next Generation Internet ETF 1.2 87 -1 0.5 +0.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 71 8.6 +8.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.2 40 46 6.0 +5.8
FGM First Trust Germany AlphaDEX Fund 1.1 80 6 5.0 +4.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 56 7.7 +7.5
FINX Global X FinTech ETF 1.1 68 18 2.7 +2.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.1 69 17 7.5 +7.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 78 4.6 +4.4
FXO First Trust Financials AlphaDEX Fund 1.1 62 24 7.6 +7.4
EEM iShares MSCI Emerging Markets ETF 1.1 69 17 7.5 +7.4
XCNY SPDR S&P Emerging Markets ex-China ETF 1.1 15 71 5.5 +5.3
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.6 +4.4
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 -1.5 -1.7
AFK VanEck Africa Index ETF 1.0 98 -12 10.1 +9.9
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 77 7.9 +7.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 70 16 6.6 +6.4
MFVL Motley Fool Value Factor ETF 1.0 50 36 5.3 +5.1
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.9 49 37 3.0 +2.8
IYF iShares U.S. Financials ETF 0.9 40 46 5.3 +5.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 45 6.6 +6.4
WRND IQ Global Equity R&D Leaders ETF 0.9 18 68 4.0 +3.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 45 5.8 +5.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.9 40 46 2.8 +2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 51 3.4 +3.2
DBSC Deepwater Beachfront Small Cap ETF 0.8 85 1 1.2 +1.0
GVAL Cambria Global Value ETF 0.8 68 18 8.0 +7.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.8 47 39 7.2 +7.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.3 +1.1
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 79 9.2 +9.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 50 5.7 +5.5
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 10 3.0 +2.9
NULC Nuveen ESG Large-Cap ETF 0.7 21 65 3.9 +3.7
JETS U.S. Global Jets ETF 0.7 60 26 2.6 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 51 6.7 +6.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 71 3.8 +3.7
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 57 3.8 +3.6
STXE Strive Emerging Markets Ex-China ETF 0.6 32 54 5.0 +4.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 66 5.5 +5.3
SURE AdvisorShares Insiders Advantage ETF 0.6 90 -4 7.5 +7.4
DTEC ALPS Disruptive Technologies ETF 0.6 50 36 3.4 +3.2
FEOE First Eagle Overseas Equity ETF 0.6 79 7 5.9 +5.7
QGRW WisdomTree U.S. Quality Growth Fund 0.6 28 58 2.9 +2.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 11 6.0 +5.8
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 76 4.8 +4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 53 6.4 +6.2
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -3 4.3 +4.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 37 7.2 +7.0
ROAM Hartford Multifactor Emerging Markets ETF 0.6 44 42 7.3 +7.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 37 5.8 +5.6
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.6 38 48 5.0 +4.8
FENI Fidelity Enhanced International ETF 0.6 28 58 5.6 +5.4
IXP iShares Global Comm Services ETF 0.6 42 44 5.9 +5.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 53 5.9 +5.7
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 63 3.0 +2.9
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 61 8.6 +8.4
AFSM First Trust Active Factor Small Cap ETF 0.5 75 11 5.5 +5.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 61 5.8 +5.6
IPAC iShares Core MSCI Pacific ETF 0.5 9 77 5.2 +5.0
ECON Columbia Emerging Markets Consumer ETF 0.5 49 37 6.3 +6.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 52 6.1 +5.9
EFG iShares MSCI EAFE Growth ETF 0.5 36 50 3.7 +3.5
FFTY Innovator IBD 50 ETF 0.5 80 6 0.1 -0.1
FLGR Franklin FTSE Germany ETF 0.5 9 77 6.5 +6.3
DFEV Dimensional Emerging Markets Value ETF 0.5 43 43 8.9 +8.7
FFOG Franklin Focused Growth ETF 0.5 61 25 1.7 +1.5
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -20 9.6 +9.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 71 4.8 +4.6
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 56 6.2 +6.0
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 66 4.2 +4.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 47 6.5 +6.3
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 79 6.3 +6.2
AIA iShares Asia 50 ETF 0.5 50 36 7.3 +7.1
CGIE Capital Group International Equity ETF 0.5 54 32 4.4 +4.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 71 7.5 +7.3
NERD Roundhill Video Games ETF 0.4 50 36 7.3 +7.1
HERO Global X Video Games & Esports ETF 0.4 50 36 5.6 +5.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 26 4.5 +4.3
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 66 7.2 +7.0
CGV Conductor Global Equity Value ETF 0.4 130 -44 7.5 +7.3
ESPO VanEck Video Gaming and eSports ETF 0.4 56 30 6.3 +6.1
APIE ActivePassive International Equity ETF 0.4 45 41 6.2 +6.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 48 6.8 +6.6
FRDM Freedom 100 Emerging Markets ETF 0.4 49 37 5.1 +5.0
PSC Principal U.S. Small-Cap ETF 0.4 38 48 3.5 +3.3
WWJD Inspire International ETF 0.4 80 6 6.0 +5.8
CZA Invesco Zacks Mid-Cap ETF 0.4 72 14 5.7 +5.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 37 8.4 +8.2
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.2 +5.0
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 55 5.3 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 56 7.2 +7.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 71 3.3 +3.2
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 66 3.2 +3.1
QQQ Invesco QQQ Trust Series I 0.4 20 66 3.3 +3.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 7.4 +7.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.4 35 51 5.8 +5.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 11 4.6 +4.4
IXG iShares Global Financials ETF 0.4 42 44 5.7 +5.5
AVEM Avantis Emerging Markets Equity ETF 0.4 33 53 6.8 +6.6
IPKW Invesco International BuyBack Achievers ETF 0.4 55 31 7.6 +7.5
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 3.8 +3.6
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 51 3.3 +3.2
AIVI WisdomTree International AI Enhanced Value Fund 0.4 58 28 5.9 +5.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 50 4.0 +3.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 16 6.3 +6.1
FEGE First Eagle Global Equity ETF 0.3 79 7 5.7 +5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 66 4.6 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 56 3.9 +3.7
GGRW Gabelli Growth Innovators ETF 0.3 90 -4 2.1 +1.9
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 79 5.5 +5.3
FPAG FPA Global Equity ETF 0.3 49 37 5.5 +5.3
USEW Cambria US EW ETF 0.3 30 56 4.1 +3.9
SUSA iShares MSCI USA ESG Select ETF 0.3 25 61 3.9 +3.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 45 4.7 +4.5
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 77 4.1 +3.9
CGGO Capital Group Global Growth Equity ETF 0.3 47 39 4.0 +3.8
IYC iShares U.S. Consumer Discretionary ETF 0.3 40 46 3.8 +3.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 66 0.8 +0.6
TPIF Timothy Plan International ETF 0.3 62 24 5.4 +5.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 51 5.4 +5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 65 2.9 +2.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 68 3.1 +2.9
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.3 50 36 3.5 +3.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.3 65 21 4.6 +4.4
EWG iShares MSCI Germany ETF 0.3 50 36 5.8 +5.6
AVES Avantis Emerging Markets Value ETF 0.3 36 50 8.6 +8.5
VPL Vanguard FTSE Pacific ETF 0.3 7 79 4.9 +4.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 5.1 +5.0
RECS Columbia Research Enhanced Core ETF 0.3 15 71 5.2 +5.0
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 63 7.0 +6.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 21 7.8 +7.6
GLOF iShares Global Equity Factor ETF 0.3 20 66 5.4 +5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.4 +4.2
FTHF First Trust Emerging Markets Human Flourishing ETF 0.3 75 11 5.3 +5.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 83 5.6 +5.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 66 5.4 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 3.3 +3.1
ACWI iShares MSCI ACWI ETF 0.3 32 54 4.5 +4.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 33 4.9 +4.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 3.6 +3.4
LRGF iShares U.S. Equity Factor ETF 0.3 8 78 4.5 +4.3
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.1 +3.9
VSGX Vanguard ESG International Stock ETF 0.3 10 76 6.3 +6.1
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 4.9 +4.7
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 51 5.6 +5.4
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 79 8.9 +8.7
EFA iShares MSCI EAFE ETF 0.2 35 51 5.5 +5.3
VXF Vanguard Extended Market ETF 0.2 5 81 3.7 +3.5
VT Vanguard Total World Stock ETF 0.2 6 80 4.9 +4.7
IWN iShares Russell 2000 Value ETF 0.2 24 62 4.5 +4.3
VTWV Vanguard Russell 2000 Value ETF 0.2 10 76 4.7 +4.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 77 4.2 +4.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 48 3.8 +3.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 76 4.1 +4.0
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 73 5.3 +5.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 50 5.1 +4.9
UIVM VictoryShares International Value Momentum ETF 0.2 35 51 7.5 +7.3
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 5.3 +5.2
VONG Vanguard Russell 1000 Growth ETF 0.2 7 79 3.8 +3.6
RVRB Reverb ETF 0.2 30 56 3.7 +3.5
IWF iShares Russell 1000 Growth ETF 0.2 19 67 15.2 +15.0
IEFA iShares Core MSCI EAFE ETF 0.2 7 79 5.8 +5.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 6.5 +6.3
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 5.3 +5.2
GEW Cambria Global EW ETF 0.2 29 57 5.2 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 77 4.7 +4.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 66 5.6 +5.4
VXUS Vanguard Total International Stock ETF 0.2 5 81 6.4 +6.2
IWR iShares Russell Midcap ETF 0.2 19 67 5.2 +5.0
BKIE BNY Mellon International Equity ETF 0.2 4 82 17.2 +17.1
PTL Inspire 500 ETF 0.2 9 77 4.5 +4.3
BLES Inspire Global Hope ETF 0.2 61 25 5.6 +5.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 76 4.2 +4.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 5.8 +5.6
ILCG iShares Morningstar Growth ETF 0.2 4 82 3.2 +3.0
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 3.8 +3.6
RSSL Global X Russell 2000 ETF 0.2 8 78 2.6 +2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 61 6.1 +6.0
SMMD iShares Russell 2500 ETF 0.2 15 71 5.4 +5.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 5.9 +5.7
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 68 6.0 +5.8
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 71 4.8 +4.6
SCHF Schwab International Equity ETF 0.2 6 80 5.7 +5.5
IWM iShares Russell 2000 ETF 0.2 19 67 2.5 +2.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 5.7 +5.5
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 3.4 +3.2
ACSG American Century Small Cap Growth Insights ETF 0.2 49 37 4.7 +4.5
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.2 +5.0
AVUS Avantis U.S. Equity ETF 0.2 15 71 4.6 +4.5
VTWO Vanguard Russell 2000 ETF 0.2 7 79 2.7 +2.5
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.2 +4.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 4.1 +3.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.3 +4.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 66 5.9 +5.7
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.2 15 71 4.9 +4.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 61 5.5 +5.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 4.1 +3.9
VOTE TCW Transform 500 ETF 0.2 5 81 4.1 +3.9
GXLC Global X U.S. 500 ETF 0.2 2 84 4.0 +3.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.0 +3.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 62 5.6 +5.4
URTH iShares MSCI World ETF 0.2 24 62 4.2 +4.0
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.1 +3.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 5.9 +5.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 12.3 +12.1
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 26 4.4 +4.2
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 5.3 +5.1
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 5.2 +5.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 4.3 +4.1
IUS Invesco RAFI Strategic US ETF 0.2 19 67 5.3 +5.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 4.3 +4.1
ILCV iShares Morningstar Value ETF 0.1 4 82 5.1 +4.9
SMIN iShares MSCI India Small Cap ETF 0.1 79 7 3.2 +3.0
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 8.5 +8.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 73 8.5 +8.4
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 6.0 +5.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 75 4.1 +3.9
KLMN Invesco MSCI North America Climate ETF 0.1 9 77 4.2 +4.1
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 44 5.4 +5.2
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 11 7.7 +7.6
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 82 5.0 +4.9
VGK Vanguard FTSE Europe ETF 0.1 6 80 6.4 +6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 66 3.8 +3.7
STXI Strive International Developed Markets ETF 0.1 29 57 6.3 +6.2
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 3.5 +3.3
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.3 +6.1
PBUS Invesco MSCI USA ETF 0.1 4 82 4.2 +4.0
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.2 +6.0
IWV iShares Russell 3000 ETF 0.1 20 66 4.0 +3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 6.1 +6.0
VTHR Vanguard Russell 3000 ETF 0.1 7 79 4.1 +3.9
VONE Vanguard Russell 1000 ETF 0.1 7 79 4.2 +4.0
IWB iShares Russell 1000 ETF 0.1 15 71 4.1 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 6.4 +6.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 66 5.4 +5.3
IWO iShares Russell 2000 Growth ETF 0.1 24 62 0.5 +0.3
AVUQ Avantis U.S. Quality ETF 0.1 15 71 3.7 +3.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 61 4.8 +4.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.0 +4.9
IWL iShares Russell Top 200 ETF 0.1 15 71 3.8 +3.7
AVSD Avantis Responsible International Equity ETF 0.1 23 63 5.7 +5.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 76 0.6 +0.5
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 64 4.1 +3.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 5.4 +5.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 4.9 +4.8
REVS Columbia Research Enhanced Value ETF 0.1 19 67 6.3 +6.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 4.0 +3.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.3 +3.2
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.1 53 33 5.4 +5.2
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 5.8 +5.6
EZU iShares MSCI Eurozone ETF 0.1 52 34 5.5 +5.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 4.7 +4.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 52 5.0 +4.9
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 49 6.8 +6.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.1 +4.9
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 46 3.8 +3.6
IEV iShares Europe ETF 0.1 67 19 5.7 +5.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 4.2 +4.0
SFGV Sequoia Global Value ETF 0.1 23 63 6.9 +6.7
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 4.8 +4.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 4.6 +4.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 61 6.0 +5.8
IQSI IQ Candriam International Equity ETF 0.1 15 71 5.4 +5.2
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 6.1 +5.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 6.3 +6.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 5.3 +5.1
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 38 5.4 +5.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 62 6.7 +6.5
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 6.3 +6.1
GWX SPDR S&P International Small Cap ETF 0.0 40 46 5.6 +5.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 21 6.4 +6.2
XT iShares Exponential Technologies ETF 0.0 46 40 3.9 +3.7
AVDE Avantis International Equity ETF 0.0 23 63 5.9 +5.8
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 73 1.7 +1.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.1 +3.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.0 4 82 15.2 +15.0
IEUR iShares Core MSCI Europe ETF 0.0 11 75 6.2 +6.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 6.0 +5.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 7.0 +6.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 5.8 +5.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 68 4.6 +4.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 66 5.5 +5.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 47 3.4 +3.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 4.4 +4.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 6.6 +6.5
IYY iShares Dow Jones U.S. ETF 0.0 20 66 4.0 +3.8
SCHX Schwab U.S. Large-Cap ETF 0.0 3 83 4.2 +4.0
SCHK Schwab 1000 Index ETF 0.0 5 81 4.2 +4.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 83 4.1 +3.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 83 4.2 +4.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 69 4.6 +4.4
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 5.1 +5.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 4.5 +4.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 28 8.3 +8.1
DFIS Dimensional International Small Cap ETF 0.0 39 47 5.9 +5.7
IWD iShares Russell 1000 Value ETF 0.0 19 67 5.0 +4.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 5.1 +4.9
STXG Strive 1000 Growth ETF 0.0 18 68 3.3 +3.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 56 4.5 +4.4
DFUS Dimensional U.S. Equity ETF 0.0 9 77 4.0 +3.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 5.9 +5.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 74 4.2 +4.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 61 5.9 +5.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 78 6.1 +6.0
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 37 4.8 +4.6
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 63 5.2 +5.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 52 5.4 +5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 44 4.0 +3.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 44 3.9 +3.7
IGRO iShares International Dividend Growth ETF 0.0 15 71 6.4 +6.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 3.7 +3.5
FBCG Fidelity Blue Chip Growth ETF 0.0 59 27 2.3 +2.1
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 71 5.6 +5.5
EBI Longview Advantage ETF 0.0 35 51 5.7 +5.5

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

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 4.1 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 CATEGORY
AVERAGE		 1.53
 
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.