FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 37.8x P/Sales
ratio		 3.4x
P/BV
ratio		 4.4x 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) $31
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 41
Wgt avg mkt cap (mns) $276,180
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 31.3 %
SEA LTD. (SINGAPORE) SPONSORED ADR 12.7 %
MERCADOLIBRE INC 9.8 %
NU HOLDINGS LTD. CLASS A 8.2 %
BAJAJ FINANCE LIMITED 6.7 %
ZOMATO LTD. 6.1 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 5.0 %
KASPI.KZ JSC SPONSORED GDR REGS 4.1 %
XP INC. CLASS A 4.1 %
MAKEMYTRIP LTD 3.9 %
Total 91.9 %

TOP COUNTRY EXPOSURE
INDIA 55.9 %
SINGAPORE 17.7 %
SOUTH KOREA 10.5 %
ARGENTINA 10.4 %
CAYMAN ISLANDS 8.2 %
BRAZIL 8.1 %
POLAND 4.8 %
KAZAKHSTAN 4.1 %
LUXEMBOURG 3.4 %
INDONESIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.0% 12.3% -- -- -11.8%

Market Correlations
versus... Beta R-squared
S&P500 1.08 54%
MSCI EAFE 0.75 34%
MSCI Emg. Mkts. 0.79 44%

Technical Indicators
Recent close $14.74
30d moving avg. $14.99
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 437 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 71.1 86 0 13.4 +12.9
INQQ India Internet & Ecommerce ETF 58.5 86 0 1.3 +0.9
EPI WisdomTree India Earnings Fund 30.2 85 1 4.8 +4.4
FLIN Franklin FTSE India ETF 28.4 19 67 4.0 +3.5
MINV Matthews Asia Innovators Active ETF 24.5 79 7 6.7 +6.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.9 60 26 9.9 +9.5
EWS iShares MSCI Singapore ETF 17.7 50 36 4.8 +4.4
CGXU Capital Group International Focus Equity ETF 17.2 54 32 5.4 +4.9
DGIN VanEck Digital India ETF 14.9 71 15 1.8 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 12.7 32 54 5.4 +5.0
BUYZ Franklin Disruptive Commerce ETF 11.2 50 36 2.4 +2.0
FDCF Fidelity Disruptive Communications ETF 11.2 50 36 4.1 +3.7
EBIZ Global X E-Commerce ETF 10.2 50 36 4.0 +3.6
EWZ iShares MSCI Brazil ETF 9.9 58 28 12.6 +12.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.8 20 66 9.4 +9.0
ARGT Global X MSCI Argentina ETF 9.8 59 27 3.7 +3.3
DINT Davis Select International ETF 9.7 55 31 7.6 +7.2
TOGA Tremblant Global ETF 9.5 69 17 2.2 +1.8
AADR AdvisorShares Dorsey Wright ADR ETF 9.4 110 -24 4.9 +4.4
BRAZ Global X Brazil Active ETF 9.3 75 11 12.3 +11.8
ISHP First Trust Nasdaq Retail ETF 9.2 60 26 5.5 +5.1
ONLN ProShares Online Retail ETF 8.6 58 28 2.4 +2.0
OND ProShares On-Demand ETF 8.5 58 28 -0.5 -0.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.3 80 6 4.6 +4.2
ILF iShares Latin America 40 ETF 8.2 48 38 12.1 +11.7
EPOL iShares MSCI Poland ETF 7.9 59 27 11.2 +10.8
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 7 7.1 +6.7
FDNI First Trust Dow Jones International Internet ETF 7.3 65 21 21.1 +20.7
VICE AdvisorShares Vice ETF 7.0 99 -13 6.5 +6.0
BPAY BlackRock Future Financial and Technology ETF 6.8 70 16 6.5 +6.1
XCEM Columbia EM Core ex-China ETF 6.8 16 70 7.5 +7.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.7 95 -9 10.9 +10.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.7 15 71 9.4 +9.0
EMC Global X Emerging Markets Great Consumer ETF 6.6 75 11 7.2 +6.8
BKEM BNY Mellon Emerging Markets Equity ETF 6.6 11 75 9.0 +8.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.5 36 50 8.9 +8.4
AOTG AOT Growth and Innovation ETF 6.5 75 11 1.9 +1.5
INDF Nifty India Financials ETF 6.4 75 11 6.7 +6.2
FLAX Franklin FTSE Asia Ex Japan ETF 6.3 19 67 8.2 +7.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.2 66 20 8.7 +8.3
PNQI Invesco NASDAQ Internet ETF 6.1 60 26 3.5 +3.1
INCO Columbia India Consumer ETF 6.1 75 11 1.7 +1.3
ARKF ARK Fintech Innovation ETF 6.0 75 11 0.1 -0.3
LOUP Innovator Deepwater Frontier Tech ETF 5.9 70 16 1.2 +0.8
FLKR Franklin FTSE South Korea ETF 5.9 9 77 6.8 +6.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.8 32 54 6.3 +5.9
KPOP KPOP and Korean Entertainment ETF 5.8 75 11 2.6 +2.2
SOCL Global X Social Media ETF 5.8 65 21 10.7 +10.3
BITQ Bitwise Crypto Industry Innovators ETF 5.6 85 1 -1.9 -2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.3 33 53 8.0 +7.6
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 9.3 +8.9
GVIP Goldman Sachs Hedge Industry VIP ETF 5.3 45 41 3.2 +2.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.2 33 53 9.1 +8.7
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 7.8 +7.4
DWLD Davis Select Worldwide ETF 4.6 63 23 7.2 +6.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.4 24 62 7.2 +6.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.3 75 11 9.7 +9.3
BLOK Amplify Transformational Data Sharing ETF 4.2 75 11 0.3 -0.1
IPO Renaissance IPO ETF 4.1 60 26 3.3 +2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.1 45 41 9.5 +9.0
BCOR Grayscale Bitcoin Adopters ETF 4.1 59 27 2.1 +1.6
EWZS iShares MSCI Brazil Small-Cap ETF 4.0 59 27 11.1 +10.7
METV Roundhill Ball Metaverse ETF 4.0 59 27 8.9 +8.4
IBUY Amplify Online Retail ETF 3.9 65 21 2.7 +2.3
TMAT Main Thematic Innovation ETF 3.9 164 -78 -1.5 -1.9
ABLG Abacus FCF International Leaders ETF 3.9 59 27 6.6 +6.2
NDIA Global X India Active ETF 3.9 75 11 5.3 +4.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.7 75 11 3.3 +2.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 11 2.8 +2.3
CLOD Themes Cloud Computing ETF 3.6 35 51 3.4 +2.9
AWAY ETFMG Travel Tech ETF 3.6 76 10 -0.1 -0.5
EWY iShares MSCI South Korea ETF 3.5 58 28 6.1 +5.7
EPP iShares MSCI Pacific ex-Japan ETF 3.5 47 39 5.2 +4.8
FLN First Trust Latin America AlphaDEX Fund 3.4 80 6 11.4 +11.0
MILN Global X Millennial Consumer ETF 3.4 50 36 4.2 +3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.4 32 54 8.2 +7.8
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.4 75 11 5.8 +5.3
ESPO VanEck Video Gaming and eSports ETF 3.3 56 30 5.1 +4.7
HERO Global X Video Games & Esports ETF 3.3 50 36 4.3 +3.9
FDTX Fidelity Disruptive Technology ETF 3.3 50 36 2.4 +2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 27 8.4 +8.0
SCHE Schwab Emerging Markets Equity ETF 3.2 11 75 10.4 +9.9
SAMM Strategas Macro Momentum ETF 3.2 66 20 2.2 +1.8
OGIG ALPS O'Shares Global Internet Giants ETF 3.2 48 38 2.1 +1.7
GINN Goldman Sachs Innovate Equity ETF 3.2 52 34 3.6 +3.2
LOGO Alpha Brands Consumption Leaders ETF 3.1 69 17 3.0 +2.6
CBSE Clough Select Equity ETF 3.1 85 1 0.8 +0.3
CGGO Capital Group Global Growth Equity ETF 3.0 47 39 4.2 +3.7
WLDR Affinity World Leaders Equity ETF 2.9 67 19 7.2 +6.7
FRDM Freedom 100 Emerging Markets ETF 2.9 49 37 7.3 +6.9
ANEW ProShares MSCI Transformational Changes ETF 2.9 45 41 5.2 +4.8
MVPA Miller Value Partners Appreciation ETF 2.9 60 26 8.8 +8.4
NERD Roundhill Video Games ETF 2.8 50 36 6.3 +5.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.5 +10.0
MID American Century Mid Cap Growth Impact ETF 2.8 45 41 3.4 +3.0
SPYA Twin Oak Endure ETF 2.6 80 6 -0.4 -0.9
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.6 49 37 3.6 +3.1
TMFG Motley Fool Global Opportunities ETF 2.5 85 1 4.0 +3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 50 7.1 +6.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.4 20 66 4.7 +4.3
FMET Fidelity Metaverse ETF 2.4 39 47 4.6 +4.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 68 7.3 +6.8
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 70 7.8 +7.4
FDFF Fidelity Disruptive Finance ETF 2.2 50 36 4.5 +4.1
JIG JPMorgan International Growth ETF 2.1 55 31 4.6 +4.1
JOET Virtus Terranova US Quality Momentum ETF 2.1 29 57 4.9 +4.4
FXO First Trust Financials AlphaDEX Fund 2.0 62 24 8.4 +8.0
LGCF Themes US Cash Flow Champions ETF 2.0 30 56 8.3 +7.9
IPOS Renaissance International IPO ETF 2.0 80 6 2.3 +1.8
IDX VanEck Indonesia Index ETF 2.0 57 29 7.4 +6.9
INDY iShares India 50 ETF 1.9 89 -3 5.0 +4.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 45 7.1 +6.6
AFK VanEck Africa Index ETF 1.9 98 -12 15.1 +14.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 7.3 +6.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.9 8 78 4.4 +4.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 61 6.8 +6.4
ESGE iShares ESG Aware MSCI EM ETF 1.9 25 61 9.2 +8.7
RVER Trenchless Fund ETF 1.8 65 21 3.0 +2.5
NULC Nuveen ESG Large-Cap ETF 1.8 21 65 4.7 +4.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.8 60 26 2.7 +2.3
BOUT Innovator IBD Breakout Opportunities ETF 1.7 81 5 0.8 +0.3
USRD Themes US R&D Champions ETF 1.7 29 57 4.6 +4.2
FFOG Franklin Focused Growth ETF 1.7 61 25 2.4 +2.0
NULG Nuveen ESG Large-Cap Growth ETF 1.7 26 60 3.3 +2.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -2 7.7 +7.3
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.6 39 47 -0.8 -1.2
BKF iShares MSCI BIC ETF 1.6 69 17 12.8 +12.4
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.6 25 61 3.7 +3.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 71 7.1 +6.7
CGIE Capital Group International Equity ETF 1.6 54 32 4.9 +4.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 26 5.1 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 16 8.2 +7.8
TRFM AAM Transformers ETF 1.5 49 37 1.2 +0.8
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.9 +5.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.5 40 46 3.8 +3.4
EMM Global X Emerging Markets ex-China ETF 1.5 75 11 7.0 +6.6
VCR Vanguard Consumer Discretionary ETF 1.5 9 77 4.6 +4.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 6.6 +6.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 56 9.4 +9.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.4 35 51 4.1 +3.7
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.4 61 25 7.7 +7.3
FINX Global X FinTech ETF 1.4 68 18 2.8 +2.4
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 69 13.5 +13.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.4 68 18 3.8 +3.4
EEM iShares MSCI Emerging Markets ETF 1.3 69 17 9.3 +8.9
SFYF SoFi Social 50 ETF 1.3 29 57 1.0 +0.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 4.9 +4.4
STXE Strive Emerging Markets Ex-China ETF 1.3 32 54 7.2 +6.8
IWP iShares Russell Mid-Cap Growth ETF 1.3 23 63 3.3 +2.9
AVEM Avantis Emerging Markets Equity ETF 1.3 33 53 8.1 +7.7
INDA iShares MSCI India ETF 1.2 65 21 4.6 +4.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 4.5 +4.1
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 77 9.6 +9.1
FENI Fidelity Enhanced International ETF 1.2 28 58 6.2 +5.8
HAPI Harbor Human Capital Factor US Large Cap ETF 1.1 36 50 4.9 +4.4
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.8 +4.4
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 1.4 +0.9
FFTY Innovator IBD 50 ETF 1.0 80 6 -2.4 -2.9
LRGF iShares U.S. Equity Factor ETF 1.0 8 78 5.4 +5.0
DTEC ALPS Disruptive Technologies ETF 1.0 50 36 3.6 +3.2
IYF iShares U.S. Financials ETF 1.0 40 46 6.1 +5.7
ARKW ARK Next Generation Internet ETF 0.9 87 -1 0.6 +0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 38 7.0 +6.5
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 79 10.2 +9.8
IPAC iShares Core MSCI Pacific ETF 0.9 9 77 6.1 +5.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 28 4.5 +4.1
FTC First Trust Large Cap Growth AlphaDEX Fund 0.9 59 27 2.0 +1.6
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 5.0 +4.6
GVAL Cambria Global Value ETF 0.8 68 18 10.8 +10.4
FEOE First Eagle Overseas Equity ETF 0.8 79 7 7.2 +6.7
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 63 6.0 +5.6
EFG iShares MSCI EAFE Growth ETF 0.8 36 50 4.2 +3.8
PSC Principal U.S. Small-Cap ETF 0.8 38 48 7.0 +6.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 37 8.8 +8.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 21 1.9 +1.4
FEGE First Eagle Global Equity ETF 0.7 79 7 6.7 +6.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 56 5.5 +5.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 66 2.8 +2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 55 5.9 +5.5
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 4.1 +3.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.7 65 21 4.7 +4.3
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.4 +6.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 52 7.3 +6.9
EIDO iShares MSCI Indonesia ETF 0.7 59 27 7.7 +7.3
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 11 9.2 +8.7
RGEF Rockefeller Global Equity ETF 0.6 55 31 4.6 +4.1
WRND IQ Global Equity R&D Leaders ETF 0.6 18 68 7.4 +7.0
AVES Avantis Emerging Markets Value ETF 0.6 36 50 10.7 +10.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 45 8.1 +7.6
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 6 4.4 +4.0
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 71 5.9 +5.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.6 21 65 3.7 +3.2
AIA iShares Asia 50 ETF 0.6 50 36 12.3 +11.8
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 79 7.5 +7.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 21 2.3 +1.9
IYC iShares U.S. Consumer Discretionary ETF 0.6 40 46 4.0 +3.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 6.4 +5.9
QGRW WisdomTree U.S. Quality Growth Fund 0.6 28 58 4.1 +3.7
ECON Columbia Emerging Markets Consumer ETF 0.6 49 37 11.4 +11.0
QQQ Invesco QQQ Trust Series I 0.6 20 66 4.0 +3.6
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 4.1 +3.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.6 9 77 4.8 +4.4
BUZZ VanEck Social Sentiment ETF 0.6 75 11 -1.0 -1.4
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 51 8.4 +8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 47 5.8 +5.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 6.1 +5.6
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.6 49 37 3.7 +3.3
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 6.0 +5.6
WWJD Inspire International ETF 0.6 80 6 7.1 +6.7
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 61 11.9 +11.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 16 7.4 +7.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 66 6.6 +6.1
VXF Vanguard Extended Market ETF 0.5 5 81 4.7 +4.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 51 6.3 +5.8
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 5.9 +5.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.2 +8.8
IXP iShares Global Comm Services ETF 0.5 42 44 5.9 +5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 37 7.0 +6.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 62 6.9 +6.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 50 6.3 +5.9
SMIN iShares MSCI India Small Cap ETF 0.5 79 7 3.6 +3.2
BKIE BNY Mellon International Equity ETF 0.5 4 82 6.7 +6.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 68 3.9 +3.5
AVUS Avantis U.S. Equity ETF 0.5 15 71 5.7 +5.3
JETS U.S. Global Jets ETF 0.5 60 26 3.5 +3.0
SUSA iShares MSCI USA ESG Select ETF 0.4 25 61 4.6 +4.2
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 4.7 +4.3
VPL Vanguard FTSE Pacific ETF 0.4 7 79 6.3 +5.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 6.0 +5.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 66 5.5 +5.1
IXG iShares Global Financials ETF 0.4 42 44 6.7 +6.3
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.2 +4.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 66 5.7 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 80 4.1 +3.7
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.7 +4.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 27 5.9 +5.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 1.1 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 76 4.9 +4.5
JGRO JPMorgan Active Growth ETF 0.4 44 42 3.5 +3.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 66 6.2 +5.7
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.4 79 7 6.2 +5.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 83 6.7 +6.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.5 +9.1
SHE SPDR MSCI USA Gender Diversity ETF 0.4 20 66 5.1 +4.7
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.8 +5.4
ILCG iShares Morningstar Growth ETF 0.4 4 82 3.7 +3.3
EFA iShares MSCI EAFE ETF 0.4 35 51 6.4 +6.0
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.7 +6.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.9 +8.5
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 71 3.7 +3.2
IWO iShares Russell 2000 Growth ETF 0.4 24 62 0.8 +0.4
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 76 1.0 +0.5
PTL Inspire 500 ETF 0.4 9 77 5.4 +4.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.4 12 74 4.5 +4.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 33 7.1 +6.7
IWR iShares Russell Midcap ETF 0.4 19 67 6.3 +5.9
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 18 3.5 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 47 6.4 +6.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.5 +9.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 8.6 +8.2
VSGX Vanguard ESG International Stock ETF 0.3 10 76 7.5 +7.1
ACWI iShares MSCI ACWI ETF 0.3 32 54 5.4 +4.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 5.9 +5.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.5 +6.1
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 6.8 +6.3
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.5 +4.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 36 10.2 +9.8
FLGR Franklin FTSE Germany ETF 0.3 9 77 7.1 +6.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.5 +4.1
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.3 +5.8
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.9 +4.4
VT Vanguard Total World Stock ETF 0.3 6 80 5.7 +5.3
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 79 10.0 +9.6
VOTE TCW Transform 500 ETF 0.3 5 81 4.8 +4.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.0 +4.6
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 73 3.0 +2.6
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 7.6 +7.2
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 9.1 +8.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 77 5.1 +4.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 84 4.9 +4.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 79 4.8 +4.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.3 +4.8
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 6.8 +6.3
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.6 +5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 8.5 +8.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 5.6 +5.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 6.9 +6.5
RVRB Reverb ETF 0.3 30 56 4.5 +4.1
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.2 +3.7
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 4.3 +3.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 86 4.9 +4.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 10.5 +10.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 6.6 +6.2
FPAG FPA Global Equity ETF 0.3 49 37 5.8 +5.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.0 +4.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 5.8 +5.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 28 5.7 +5.2
BLES Inspire Global Hope ETF 0.3 61 25 6.9 +6.5
OPTZ Optimize Strategy Index ETF 0.3 50 36 4.8 +4.4
TPIF Timothy Plan International ETF 0.3 62 24 6.1 +5.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 75 4.8 +4.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.3 +3.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 7.3 +6.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.5 +5.1
EWG iShares MSCI Germany ETF 0.3 50 36 6.3 +5.8
PID Invesco International Dividend Achievers ETF 0.3 53 33 5.3 +4.9
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 8.5 +8.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 5.0 +4.5
STXI Strive International Developed Markets ETF 0.3 29 57 6.4 +6.0
VXUS Vanguard Total International Stock ETF 0.3 5 81 7.6 +7.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 7.7 +7.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 9.1 +8.6
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.4 +2.9
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 8.0 +7.5
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 11.1 +10.7
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 4.8 +4.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 44 6.3 +5.9
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 6.9 +6.5
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.7 +4.2
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.9 +4.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 4.3 +3.8
IWM iShares Russell 2000 ETF 0.2 19 67 4.2 +3.8
VTWO Vanguard Russell 2000 ETF 0.2 7 79 4.3 +3.9
GXLC Global X U.S. 500 ETF 0.2 2 84 4.8 +4.4
RSSL Global X Russell 2000 ETF 0.2 8 78 4.2 +3.7
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 4.1 +3.7
URTH iShares MSCI World ETF 0.2 24 62 5.0 +4.5
SCHF Schwab International Equity ETF 0.2 6 80 6.9 +6.5
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.3 +7.9
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.9 +6.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.5 +5.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.5 +4.1
APIE ActivePassive International Equity ETF 0.2 45 41 7.2 +6.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 6.9 +6.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.4 +6.0
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 4.3 +3.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 57 7.4 +7.0
AVSD Avantis Responsible International Equity ETF 0.2 23 63 5.1 +4.7
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 66 10.4 +10.0
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 4.9 +4.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 7.3 +6.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 66 6.1 +5.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 6.1 +5.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 6.1 +5.6
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 7.3 +6.9
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.3 +5.9
PBUS Invesco MSCI USA ETF 0.2 4 82 4.8 +4.4
IWV iShares Russell 3000 ETF 0.2 20 66 4.7 +4.3
VTHR Vanguard Russell 3000 ETF 0.2 7 79 4.8 +4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 8.5 +8.1
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 4.4 +3.9
IWB iShares Russell 1000 ETF 0.2 15 71 4.8 +4.4
VONE Vanguard Russell 1000 ETF 0.2 7 79 4.9 +4.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 74 5.3 +4.8
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 71 5.7 +5.3
FBCG Fidelity Blue Chip Growth ETF 0.2 59 27 2.8 +2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 5.8 +5.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 5.2 +4.8
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.8 +3.4
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.7 +5.3
SIZE iShares MSCI USA Size Factor ETF 0.1 15 71 6.2 +5.7
VGK Vanguard FTSE Europe ETF 0.1 6 80 7.3 +6.9
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.2 +6.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.0 +5.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.3 +5.9
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.0 +6.6
QINT American Century Quality Diversified International ETF 0.1 39 47 6.9 +6.5
IWL iShares Russell Top 200 ETF 0.1 15 71 4.5 +4.1
SMMD iShares Russell 2500 ETF 0.1 15 71 7.0 +6.6
DAK Dakota Active Equity ETF 0.1 43 43 4.4 +4.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.3 +4.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 47 4.4 +4.0
AVDE Avantis International Equity ETF 0.1 23 63 7.2 +6.7
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.2 +7.7
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.1 +6.7
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.3 +5.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 9.9 +9.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.9 +5.4
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -4 4.2 +3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 7.6 +7.1
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 8.2 +7.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.0 +4.6
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 8.0 +7.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.7 +6.2
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 7.0 +6.6
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.8 +4.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.0 +4.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.3 +4.9
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.5 +6.0
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 7.3 +6.9
SCHX Schwab U.S. Large-Cap ETF 0.1 3 83 4.9 +4.5
IYY iShares Dow Jones U.S. ETF 0.1 20 66 4.7 +4.3
SCHK Schwab 1000 Index ETF 0.1 5 81 4.9 +4.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 7.7 +7.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 83 5.0 +4.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 83 4.8 +4.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 6.2 +5.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 5.5 +5.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.4 +6.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 4.6 +4.2
DCOR Dimensional US Core Equity 1 ETF 0.1 14 72 5.4 +5.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 57 6.5 +6.1
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 7.1 +6.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 61 9.2 +8.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 7.7 +7.3
IWN iShares Russell 2000 Value ETF 0.0 24 62 7.9 +7.4
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 7.9 +7.5
ILCV iShares Morningstar Value ETF 0.0 4 82 6.4 +6.0
IEV iShares Europe ETF 0.0 67 19 6.6 +6.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 7.7 +7.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.0 +7.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 6.5 +6.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 47 6.8 +6.4
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.1 +6.7
STXG Strive 1000 Growth ETF 0.0 18 68 3.8 +3.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.2 +6.8
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.4 +3.0
XT iShares Exponential Technologies ETF 0.0 46 40 4.6 +4.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.6 +6.2
STRV Strive 500 ETF 0.0 5 81 4.7 +4.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 11.8 +11.4
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.5 +6.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 6.7 +6.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.8 +4.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.3 +4.9
DFIS Dimensional International Small Cap ETF 0.0 39 47 7.1 +6.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.5 +7.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.2 +5.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.9 +6.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.3 +6.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 14.8 +14.4
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 68 3.6 +3.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.2 +6.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 6.9 +6.5
EBI Longview Advantage ETF 0.0 35 51 6.8 +6.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.4 +4.0
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 9.2 +8.7

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 4.0 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		 1.53
 
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.