FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.8% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 38.5x P/Sales
ratio		 3.5x
P/BV
ratio		 4.6x Div.
yield		 0.4%


  • 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) $33
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 June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.8% 22.8% -- -- -12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.98 59%
MSCI EAFE 0.87 49%
MSCI Emg. Mkts. 0.91 56%

Technical Indicators
Recent close $15.00
30d moving avg. $14.41
Annualized volatility 20.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.1%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 428 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™: 0.8%


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 13.2 +12.3
INQQ India Internet & Ecommerce ETF 55.9 86 0 1.2 +0.4
EPI WisdomTree India Earnings Fund 30.2 85 1 4.7 +3.9
FLIN Franklin FTSE India ETF 27.7 19 67 3.9 +3.1
MINV Matthews Asia Innovators Active ETF 18.4 79 7 7.7 +6.8
CGXU Capital Group International Focus Equity ETF 15.4 54 32 5.8 +5.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.0 60 26 10.2 +9.4
DGIN VanEck Digital India ETF 14.4 71 15 2.0 +1.2
EWS iShares MSCI Singapore ETF 13.4 50 36 5.3 +4.5
XC WisdomTree Emerging Markets Ex-China Fund 12.0 32 54 6.1 +5.3
FDNI First Trust Dow Jones International Internet ETF 12.0 65 21 18.2 +17.4
EBIZ Global X E-Commerce ETF 10.5 50 36 4.1 +3.3
TOGA Tremblant Global ETF 10.0 69 17 1.5 +0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.5 20 66 10.7 +9.9
BUYZ Franklin Disruptive Commerce ETF 9.1 50 36 2.3 +1.5
ONLN ProShares Online Retail ETF 8.6 58 28 2.3 +1.5
FDCF Fidelity Disruptive Communications ETF 8.3 50 36 3.0 +2.2
ARGT Global X MSCI Argentina ETF 8.2 59 27 4.3 +3.5
OND ProShares On-Demand ETF 8.1 58 28 0.7 -0.1
EWZ iShares MSCI Brazil ETF 8.1 58 28 12.9 +12.1
ISHP First Trust Nasdaq Retail ETF 7.9 60 26 5.2 +4.4
DINT Davis Select International ETF 7.6 55 31 8.0 +7.2
BRAZ Global X Brazil Active ETF 7.5 75 11 12.5 +11.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.5 80 6 4.9 +4.1
AADR AdvisorShares Dorsey Wright ADR ETF 7.4 110 -24 5.1 +4.3
AOTG AOT Growth and Innovation ETF 7.2 75 11 1.8 +1.0
EPOL iShares MSCI Poland ETF 6.9 59 27 10.9 +10.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.5 32 54 6.8 +6.0
ARKF ARK Fintech Innovation ETF 6.5 75 11 -0.4 -1.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.5 15 71 10.4 +9.6
PNQI Invesco NASDAQ Internet ETF 6.5 60 26 3.2 +2.4
XCEM Columbia EM Core ex-China ETF 6.4 16 70 8.2 +7.3
BKEM BNY Mellon Emerging Markets Equity ETF 6.2 11 75 10.2 +9.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.2 36 50 9.9 +9.1
MEM Matthews Emerging Markets Equity Active ETF 6.1 79 7 8.0 +7.2
FLAX Franklin FTSE Asia Ex Japan ETF 6.1 19 67 9.5 +8.7
BPAY BlackRock Future Financial and Technology ETF 6.1 70 16 6.4 +5.6
EMC Global X Emerging Markets Great Consumer ETF 6.1 75 11 8.8 +8.0
LOUP Innovator Deepwater Frontier Tech ETF 6.0 70 16 1.1 +0.3
ILF iShares Latin America 40 ETF 6.0 48 38 13.0 +12.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.9 95 -9 12.8 +12.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 66 20 10.0 +9.2
INDF Nifty India Financials ETF 5.6 75 11 6.2 +5.4
BCOR Grayscale Bitcoin Adopters ETF 5.5 59 27 2.6 +1.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.4 33 53 8.7 +7.9
BLOK Amplify Transformational Data Sharing ETF 5.3 75 11 -0.0 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 10.5 +9.7
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 8.7 +7.8
SPYA Twin Oak Endure ETF 5.1 80 6 -2.2 -3.0
VICE AdvisorShares Vice ETF 5.0 99 -13 6.1 +5.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.0 33 53 10.1 +9.3
EWY iShares MSCI South Korea ETF 4.9 58 28 9.0 +8.2
FLKR Franklin FTSE South Korea ETF 4.9 9 77 9.6 +8.8
ABLG Abacus FCF International Leaders ETF 4.8 59 27 6.3 +5.5
KPOP KPOP and Korean Entertainment ETF 4.7 75 11 2.3 +1.5
SOCL Global X Social Media ETF 4.7 65 21 7.8 +7.0
METV Roundhill Ball Metaverse ETF 4.6 59 27 5.6 +4.8
IPO Renaissance IPO ETF 4.6 60 26 4.3 +3.5
IBUY Amplify Online Retail ETF 4.6 65 21 1.2 +0.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.6 75 11 4.9 +4.1
CLOD Themes Cloud Computing ETF 4.5 35 51 3.0 +2.2
BITQ Bitwise Crypto Industry Innovators ETF 4.4 85 1 -2.5 -3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 4.3 45 41 3.5 +2.7
OGIG ALPS O'Shares Global Internet Giants ETF 4.2 48 38 1.6 +0.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.1 75 11 9.9 +9.1
INCO Columbia India Consumer ETF 4.0 75 11 1.9 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 24 62 8.2 +7.4
EEMO Invesco S&P Emerging Markets Momentum ETF 4.0 29 57 6.5 +5.7
FRDM Freedom 100 Emerging Markets ETF 3.9 49 37 8.8 +8.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 41 10.5 +9.7
DWLD Davis Select Worldwide ETF 3.7 63 23 7.4 +6.6
EPP iShares MSCI Pacific ex-Japan ETF 3.6 47 39 5.4 +4.6
SCHE Schwab Emerging Markets Equity ETF 3.6 11 75 11.2 +10.3
MILN Global X Millennial Consumer ETF 3.6 50 36 3.6 +2.8
AWAY ETFMG Travel Tech ETF 3.4 76 10 0.0 -0.8
LIVR Intelligent Livermore ETF 3.3 69 17 6.2 +5.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 27 11.8 +11.0
NDIA Global X India Active ETF 3.1 75 11 4.6 +3.8
CBSE Clough Select Equity ETF 3.1 85 1 1.1 +0.2
TMFG Motley Fool Global Opportunities ETF 3.0 85 1 3.9 +3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 54 9.3 +8.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.9 65 21 3.6 +2.8
IPOS Renaissance International IPO ETF 2.9 80 6 10.0 +9.2
IDX VanEck Indonesia Index ETF 2.9 57 29 9.6 +8.8
CGGO Capital Group Global Growth Equity ETF 2.9 47 39 4.7 +3.9
TMAT Main Thematic Innovation ETF 2.9 164 -78 -1.4 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.9 36 50 7.9 +7.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 11.0 +10.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.8 80 6 12.2 +11.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.8 75 11 3.1 +2.3
MVPA Miller Value Partners Appreciation ETF 2.8 60 26 9.4 +8.5
ESPO VanEck Video Gaming and eSports ETF 2.7 56 30 4.1 +3.3
HERO Global X Video Games & Esports ETF 2.7 50 36 3.8 +3.0
NERD Roundhill Video Games ETF 2.7 50 36 3.1 +2.3
LOGO Alpha Brands Consumption Leaders ETF 2.7 69 17 6.2 +5.4
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.6 49 37 3.7 +2.9
LGCF Themes US Cash Flow Champions ETF 2.5 30 56 8.4 +7.6
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 1 2.2 +1.4
MID American Century Mid Cap Growth Impact ETF 2.5 45 41 3.1 +2.3
FBZ First Trust Brazil AlphaDEX Fund 2.5 80 6 11.9 +11.1
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 27 10.5 +9.7
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.5 75 11 4.3 +3.5
FOVL iShares Focused Value Factor ETF 2.5 25 61 10.0 +9.2
GINN Goldman Sachs Innovate Equity ETF 2.4 52 34 3.7 +2.9
IWP iShares Russell Mid-Cap Growth ETF 2.4 23 63 3.4 +2.6
FDTX Fidelity Disruptive Technology ETF 2.3 50 36 2.6 +1.8
ESGE iShares ESG Aware MSCI EM ETF 2.3 25 61 10.1 +9.3
WLDR Affinity World Leaders Equity ETF 2.3 67 19 7.7 +6.9
FMET Fidelity Metaverse ETF 2.3 39 47 4.8 +4.0
AFK VanEck Africa Index ETF 2.2 98 -12 11.9 +11.1
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 70 8.5 +7.7
EMXC iShares MSCI Emerging Markets ex China ETF 2.2 25 61 7.7 +6.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 68 7.7 +6.9
TRFM AAM Transformers ETF 2.1 49 37 1.5 +0.7
FFTY Innovator IBD 50 ETF 2.0 80 6 0.5 -0.3
TIME Clockwise Core Equity & Innovation ETF 1.9 95 -9 2.8 +2.0
VCR Vanguard Consumer Discretionary ETF 1.9 9 77 4.6 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.9 70 16 9.3 +8.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.9 40 46 3.6 +2.8
USRD Themes US R&D Champions ETF 1.9 29 57 4.5 +3.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.9 60 26 4.3 +3.5
LDEM iShares ESG MSCI EM Leaders ETF 1.8 17 69 13.2 +12.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 45 7.8 +7.0
FDFF Fidelity Disruptive Finance ETF 1.7 50 36 4.0 +3.2
JIG JPMorgan International Growth ETF 1.7 55 31 4.7 +3.9
STXE Strive Emerging Markets Ex-China ETF 1.7 32 54 7.8 +7.0
BKF iShares MSCI BIC ETF 1.6 69 17 13.2 +12.4
INDY iShares India 50 ETF 1.6 89 -3 4.6 +3.8
FTHF First Trust Emerging Markets Human Flourishing ETF 1.6 75 11 8.5 +7.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 71 8.2 +7.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.6 30 56 10.4 +9.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.6 8 78 4.6 +3.8
INDA iShares MSCI India ETF 1.6 65 21 4.4 +3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 71 7.7 +6.9
EMM Global X Emerging Markets ex-China ETF 1.6 75 11 6.0 +5.2
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 4.7 +3.9
MOTI VanEck Morningstar International Moat ETF 1.6 58 28 11.1 +10.2
EEM iShares MSCI Emerging Markets ETF 1.5 69 17 10.3 +9.5
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.5 39 47 -1.1 -1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -2 9.3 +8.5
EIDO iShares MSCI Indonesia ETF 1.5 59 27 9.9 +9.1
SFYF SoFi Social 50 ETF 1.5 29 57 0.3 -0.5
NULC Nuveen ESG Large-Cap ETF 1.5 21 65 4.8 +4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 7.1 +6.3
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 77 10.5 +9.7
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.4 61 25 7.5 +6.7
BUZZ VanEck Social Sentiment ETF 1.4 75 11 0.1 -0.8
FFOG Franklin Focused Growth ETF 1.4 61 25 2.4 +1.6
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 3.3 +2.5
PWB Invesco Large Cap Growth ETF 1.4 56 30 2.8 +2.0
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 26 2.0 +1.2
CGIE Capital Group International Equity ETF 1.3 54 32 5.0 +4.2
ARKW ARK Next Generation Internet ETF 1.3 87 -1 -0.5 -1.3
FXO First Trust Financials AlphaDEX Fund 1.3 62 24 8.4 +7.6
FINX Global X FinTech ETF 1.3 68 18 2.2 +1.4
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 61 5.4 +4.6
GURU Global X Guru Index ETF 1.2 75 11 3.5 +2.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.2 65 21 2.2 +1.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.2 15 71 4.6 +3.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 51 4.2 +3.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.1 20 66 4.8 +4.0
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 11 5.1 +4.2
QTOP iShares Nasdaq Top 30 Stocks ETF 1.1 20 66 4.3 +3.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.1 68 18 2.5 +1.7
AVEM Avantis Emerging Markets Equity ETF 1.1 33 53 9.2 +8.4
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 37 10.2 +9.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 28 4.0 +3.1
FEOE First Eagle Overseas Equity ETF 1.0 79 7 8.2 +7.4
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 1.1 +0.3
DTEC ALPS Disruptive Technologies ETF 1.0 50 36 3.8 +3.0
LRGF iShares U.S. Equity Factor ETF 0.9 8 78 5.6 +4.8
IPAC iShares Core MSCI Pacific ETF 0.9 9 77 6.7 +5.9
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 79 10.6 +9.8
GVAL Cambria Global Value ETF 0.9 68 18 11.1 +10.3
FTC First Trust Large Cap Growth AlphaDEX Fund 0.9 59 27 2.8 +2.0
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 37 6.7 +5.9
FEGE First Eagle Global Equity ETF 0.9 79 7 7.0 +6.2
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 50 4.9 +4.1
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -3 4.8 +4.0
IYF iShares U.S. Financials ETF 0.8 40 46 5.9 +5.1
AIA iShares Asia 50 ETF 0.8 50 36 13.4 +12.6
EFG iShares MSCI EAFE Growth ETF 0.8 36 50 4.3 +3.5
FENI Fidelity Enhanced International ETF 0.8 28 58 6.7 +5.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 66 2.8 +2.0
QQQ Invesco QQQ Trust Series I 0.8 20 66 4.1 +3.3
QQQM Invesco NASDAQ 100 ETF 0.8 15 71 4.2 +3.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.7 49 37 4.3 +3.5
GQQQ Astoria US Quality Growth Kings ETF 0.7 35 51 4.8 +4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 16 7.8 +7.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 45 8.9 +8.1
IWR iShares Russell Midcap ETF 0.7 19 67 5.9 +5.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 52 7.9 +7.0
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 41 6.0 +5.2
ECON Columbia Emerging Markets Consumer ETF 0.7 49 37 12.4 +11.6
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 51 9.5 +8.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 56 5.4 +4.6
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.8 +7.0
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 38 7.8 +7.0
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 4.2 +3.4
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 79 8.0 +7.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 6.4 +5.6
PSC Principal U.S. Small-Cap ETF 0.6 38 48 6.9 +6.1
VWO Vanguard FTSE Emerging Markets ETF 0.6 7 79 10.6 +9.8
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 5.8 +5.0
FPXI First Trust International Equity Opportunities ETF 0.6 70 16 3.4 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 83 7.2 +6.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 6.3 +5.5
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 68 5.7 +4.9
IXP iShares Global Comm Services ETF 0.6 42 44 5.6 +4.8
SMIN iShares MSCI India Small Cap ETF 0.6 79 7 3.6 +2.8
IYC iShares U.S. Consumer Discretionary ETF 0.6 40 46 3.8 +3.0
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 76 4.7 +3.8
AVES Avantis Emerging Markets Value ETF 0.6 36 50 11.6 +10.8
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 5 3.4 +2.6
VPL Vanguard FTSE Pacific ETF 0.5 7 79 7.2 +6.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.6 +8.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 3.9 +3.1
WRND IQ Global Equity R&D Leaders ETF 0.5 18 68 8.4 +7.6
WWJD Inspire International ETF 0.5 80 6 7.3 +6.5
JETS U.S. Global Jets ETF 0.5 60 26 2.8 +2.0
AVSU Avantis Responsible U.S. Equity ETF 0.5 15 71 6.1 +5.3
ILCG iShares Morningstar Growth ETF 0.5 4 82 3.8 +3.0
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 18 3.8 +3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 5.8 +5.0
VSGX Vanguard ESG International Stock ETF 0.5 10 76 7.9 +7.1
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 77 4.8 +4.0
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 21 5.1 +4.3
MTUM iShares MSCI USA Momentum Factor ETF 0.5 15 71 3.6 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 51 6.8 +6.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 77 5.0 +4.1
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 58 4.2 +3.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 27 6.0 +5.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 22 2.4 +1.6
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.7 +5.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 5.9 +5.1
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 6 4.4 +3.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 5.9 +5.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 66 6.5 +5.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 4.2 +3.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 80 4.1 +3.3
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 73 5.7 +4.9
GLIN VanEck India Growth Leaders ETF 0.4 77 9 6.3 +5.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 37 7.0 +6.2
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.6 +4.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 61 6.5 +5.7
EFA iShares MSCI EAFE ETF 0.4 35 51 6.9 +6.1
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 76 5.0 +4.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.4 20 66 7.1 +6.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 33 7.7 +6.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 66 7.0 +6.2
ACWI iShares MSCI ACWI ETF 0.4 32 54 5.7 +4.9
VT Vanguard Total World Stock ETF 0.4 6 80 6.0 +5.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 61 12.9 +12.1
AVUS Avantis U.S. Equity ETF 0.4 15 71 5.9 +5.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.8 +9.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 50 7.0 +6.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 82 8.2 +7.4
VXUS Vanguard Total International Stock ETF 0.4 5 81 8.0 +7.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 48 9.5 +8.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.3 +4.5
OPTZ Optimize Strategy Index ETF 0.4 50 36 5.1 +4.3
IEFA iShares Core MSCI EAFE ETF 0.4 7 79 7.2 +6.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 62 7.1 +6.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 76 5.1 +4.3
JGRO JPMorgan Active Growth ETF 0.4 44 42 3.5 +2.7
FLGR Franklin FTSE Germany ETF 0.4 9 77 6.7 +5.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.9 +9.1
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.5 +3.6
RVRB Reverb ETF 0.3 30 56 4.7 +3.9
BKIE BNY Mellon International Equity ETF 0.3 4 82 7.1 +6.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 6.1 +5.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 57 8.8 +8.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.3 +4.4
IXG iShares Global Financials ETF 0.3 42 44 6.7 +5.9
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 6.8 +6.0
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.1 +5.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 44 6.7 +5.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 5.1 +4.3
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.9 +5.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 12.0 +11.2
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 7.2 +6.4
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.3 +3.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 13.6 +12.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 9.9 +9.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 66 6.0 +5.2
PTL Inspire 500 ETF 0.3 9 77 5.4 +4.6
FPAG FPA Global Equity ETF 0.3 49 37 5.8 +5.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 66 9.7 +8.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 5.9 +5.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 6.8 +6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.9 +5.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 76 4.5 +3.6
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 5.0 +4.2
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 7.0 +6.2
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.9 +6.1
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 21 4.3 +3.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 4.6 +3.8
STXI Strive International Developed Markets ETF 0.3 29 57 7.0 +6.2
SUSA iShares MSCI USA ESG Select ETF 0.3 25 61 4.9 +4.1
TOK iShares MSCI Kokusai ETF 0.3 26 60 5.2 +4.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.7 +3.9
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 4.6 +3.8
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.5 +3.7
VEA Vanguard FTSE Developed Markets ETF 0.3 3 83 7.3 +6.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 47 6.8 +5.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.1 +4.3
BLES Inspire Global Hope ETF 0.3 61 25 6.8 +6.0
URTH iShares MSCI World ETF 0.3 24 62 5.3 +4.5
EWG iShares MSCI Germany ETF 0.3 50 36 6.1 +5.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 61 8.1 +7.3
VOTE TCW Transform 500 ETF 0.3 5 81 5.0 +4.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 7.2 +6.4
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.5 +4.7
SCHF Schwab International Equity ETF 0.2 6 80 7.4 +6.6
TPIF Timothy Plan International ETF 0.2 62 24 6.2 +5.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 5.0 +4.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 5.0 +4.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.9 +4.1
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 3.2 +2.4
IWM iShares Russell 2000 ETF 0.2 19 67 4.7 +3.8
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 76 1.5 +0.7
IWN iShares Russell 2000 Value ETF 0.2 24 62 7.9 +7.1
VTWO Vanguard Russell 2000 ETF 0.2 7 79 4.7 +3.9
IWO iShares Russell 2000 Growth ETF 0.2 24 62 1.4 +0.6
VTWV Vanguard Russell 2000 Value ETF 0.2 10 76 8.0 +7.2
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.9 +4.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 7.0 +6.2
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.8 +6.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 5.0 +4.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.3 +4.5
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 5.1 +4.3
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.2 +7.4
APIE ActivePassive International Equity ETF 0.2 45 41 7.5 +6.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 36 11.5 +10.7
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 34 5.5 +4.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.4 +4.6
RSSL Global X Russell 2000 ETF 0.2 8 78 4.6 +3.8
PBUS Invesco MSCI USA ETF 0.2 4 82 5.0 +4.2
PID Invesco International Dividend Achievers ETF 0.2 53 33 5.6 +4.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 47 6.7 +5.9
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 4.7 +3.9
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.6 +2.8
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 11.3 +10.5
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 7.9 +7.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.1 +5.3
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.6 +5.8
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 5.8 +5.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.9 +5.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 8.9 +8.1
VTHR Vanguard Russell 3000 ETF 0.2 7 79 5.0 +4.2
IWV iShares Russell 3000 ETF 0.2 20 66 4.9 +4.1
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 71 5.7 +4.9
IWB iShares Russell 1000 ETF 0.2 15 71 5.0 +4.2
VONE Vanguard Russell 1000 ETF 0.2 7 79 5.1 +4.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.7 +3.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 5.2 +4.4
VGK Vanguard FTSE Europe ETF 0.1 6 80 7.4 +6.6
AVSD Avantis Responsible International Equity ETF 0.1 23 63 5.7 +4.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 61 7.2 +6.3
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.3 +6.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.5 +4.7
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.7 +6.9
SMMD iShares Russell 2500 ETF 0.1 15 71 6.5 +5.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 51 5.9 +5.1
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 46 5.8 +5.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 66 6.6 +5.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.3 +5.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 3.0 +2.1
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.8 +5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 8.1 +7.3
QINT American Century Quality Diversified International ETF 0.1 39 47 7.4 +6.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.4 +7.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 6.9 +6.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.4 +5.6
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 9.1 +8.3
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.0 +6.2
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.9 +6.1
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.9 +4.1
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.4 +6.6
AVDE Avantis International Equity ETF 0.1 23 63 7.6 +6.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 6.1 +5.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 7.2 +6.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 9.8 +9.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.5 +4.7
YOKE Yoke Core ETF 0.1 42 44 4.4 +3.6
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.2 +4.4
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.5 +4.7
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.7 +5.9
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.7 +5.8
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 68 3.8 +3.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 5.7 +4.9
DCOR Dimensional US Core Equity 1 ETF 0.1 14 72 5.5 +4.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.0 +4.2
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 8.2 +7.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 61 9.6 +8.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 6.9 +6.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.6 +5.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 7.1 +6.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 8.1 +7.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 8.2 +7.4
ILCV iShares Morningstar Value ETF 0.0 4 82 6.7 +5.9
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.3 +2.5
IEV iShares Europe ETF 0.0 67 19 6.9 +6.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.2 +6.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.5 +7.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 6.5 +5.7
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 7.2 +6.4
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.3 +6.5
STXG Strive 1000 Growth ETF 0.0 18 68 4.0 +3.2
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.5 +5.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 6.6 +5.8
STRV Strive 500 ETF 0.0 5 81 4.9 +4.1
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 13.4 +12.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 16.0 +15.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 5.0 +4.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.6 +5.8
TAX Cambria Tax Aware ETF 0.0 49 37 5.3 +4.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.3 +6.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 7.0 +6.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.5 +6.7
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.4 +4.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.6 +6.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.4 +5.6
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 76 6.1 +5.3
EBI Longview Advantage ETF 0.0 35 51 6.7 +5.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.5 +3.7
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 8.9 +8.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 7.3 +6.5

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%.

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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 7.2 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 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.