FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 33.7x P/Sales
ratio		 3.1x
P/BV
ratio		 4.0x Div.
yield		 0.3%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts
Website fmqqetf.com/
Inception date Sep 27, 2021
Assets (mns) $32
Currency USD
Expense ratio 86 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 45
Wgt avg mkt cap (mns) $272,993
Large cap (>$10bn) 75.3%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 1.4%
Developed mkts 15.3%
Emerging mkts 84.7%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 26.7 %
MERCADOLIBRE INC 8.2 %
NU HOLDINGS LTD. CLASS A 8.1 %
BAJAJ FINANCE LTD 8.0 %
ZOMATO LTD. 7.7 %
SEA LTD. (SINGAPORE) SPONSORED ADR 7.7 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 4.7 %
KASPI.KZ JSC SPONSORED GDR REGS 4.7 %
JIO FINANCIAL SERVICES LTD 4.1 %
COUPANG, INC. CLASS A 3.3 %
Total 83.1 %

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

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% 4.6% -- -- -13.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 58%
MSCI EAFE 0.89 55%
MSCI Emg. Mkts. 0.85 59%

Technical Indicators
Recent close $13.15
30d moving avg. $13.62
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.4%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 449 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMQQ Expense: 86 bp ALTAR Score™: 0.5%


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 41.6 86 0 1.3 +0.8
EPI WisdomTree India Earnings Fund 25.0 85 1 4.4 +4.0
FLIN Franklin FTSE India ETF 22.1 19 67 3.7 +3.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 18.5 60 26 9.3 +8.9
XC WisdomTree Emerging Markets Ex-China Fund 17.6 32 54 5.4 +4.9
MINV Matthews Asia Innovators Active ETF 15.1 79 7 5.4 +4.9
CGXU Capital Group International Focus Equity ETF 12.6 54 32 4.5 +4.1
DGIN VanEck Digital India ETF 12.4 71 15 1.4 +1.0
EWS iShares MSCI Singapore ETF 11.0 50 36 4.1 +3.6
EBIZ Global X E-Commerce ETF 10.6 50 36 4.0 +3.6
TOGA Tremblant Global ETF 10.4 69 17 1.7 +1.2
BPAY BlackRock Future Financial and Technology ETF 10.4 70 16 6.9 +6.5
EWZ iShares MSCI Brazil ETF 9.9 58 28 10.2 +9.8
FDNI First Trust Dow Jones International Internet ETF 9.7 65 21 22.2 +21.8
BRAZ Global X Brazil Active ETF 9.0 75 11 9.1 +8.6
AOTG AOT Growth and Innovation ETF 9.0 75 11 1.8 +1.3
MVPA Miller Value Partners Appreciation ETF 8.5 60 26 8.6 +8.2
BUYZ Franklin Disruptive Commerce ETF 8.2 50 36 2.7 +2.2
ARGT Global X MSCI Argentina ETF 8.2 59 27 3.2 +2.7
ILF iShares Latin America 40 ETF 8.1 48 38 9.3 +8.8
ONLN ProShares Online Retail ETF 7.8 58 28 2.4 +1.9
ISHP First Trust Nasdaq Retail ETF 7.6 60 26 5.9 +5.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.6 20 66 22,159.8 +22,159.4
ARKF ARK Fintech Innovation ETF 7.4 75 11 0.3 -0.1
OTGL OTG Latin America ETF 6.9 269 -183 6.4 +5.9
PNQI Invesco NASDAQ Internet ETF 6.1 60 26 3.7 +3.2
LOUP Innovator Deepwater Frontier Tech ETF 6.1 70 16 0.8 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.9 24 62 5.7 +5.2
MEM Matthews Emerging Markets Equity Active ETF 5.9 79 7 5.9 +5.5
BLOK Amplify Transformational Data Sharing ETF 5.6 75 11 0.5 +0.0
OND ProShares On-Demand ETF 5.6 58 28 -0.6 -1.0
FDCF Fidelity Disruptive Communications ETF 5.4 50 36 3.7 +3.2
BCOR Grayscale Bitcoin Adopters ETF 5.2 59 27 2.8 +2.3
INCO Columbia India Consumer ETF 5.1 75 11 1.5 +1.1
SOCL Global X Social Media ETF 4.9 65 21 10.6 +10.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.9 75 11 3.5 +3.0
CDIG City Different Investments Global Equity ETF 4.8 75 11 0.5 +0.0
TMAT Main Thematic Innovation ETF 4.7 164 -78 -1.5 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 4.6 19 67 7.1 +6.7
METV Roundhill Ball Metaverse ETF 4.6 59 27 9.1 +8.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.6 33 53 7.6 +7.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.5 15 71 8.1 +7.6
BKEM BNY Mellon Emerging Markets Equity ETF 4.4 11 75 7.5 +7.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.4 36 50 7.6 +7.1
CLOD Themes Cloud Computing ETF 4.4 35 51 3.6 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 4.3 49 37 7.9 +7.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.2 66 20 7.3 +6.9
JADE JPMorgan Active Developing Markets Equity ETF 4.1 65 21 6.1 +5.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.1 32 54 4.9 +4.5
EMC Global X Emerging Markets Great Consumer ETF 3.8 75 11 6.7 +6.3
OGIG ALPS O'Shares Global Internet Giants ETF 3.6 48 38 2.4 +1.9
GVIP Goldman Sachs Hedge Industry VIP ETF 3.6 45 41 2.7 +2.3
IBUY Amplify Online Retail ETF 3.6 65 21 1.7 +1.3
ITOL Tema International Durable Quality ETF 3.5 60 26 4.8 +4.4
NDIA Global X India Active ETF 3.5 75 11 4.9 +4.4
FLKR Franklin FTSE South Korea ETF 3.4 9 77 4.8 +4.3
DINT Davis Select International ETF 3.3 55 31 6.9 +6.4
IPO Renaissance IPO ETF 3.1 60 26 3.1 +2.7
ABLG Abacus FCF International Leaders ETF 3.0 59 27 5.8 +5.3
OSEA Harbor International Compounders ETF 3.0 55 31 4.3 +3.9
FLN First Trust Latin America AlphaDEX Fund 2.9 80 6 9.0 +8.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.8 45 41 8.0 +7.5
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.8 75 11 6.0 +5.5
FDFF Fidelity Disruptive Finance ETF 2.7 50 36 4.6 +4.1
CGGO Capital Group Global Growth Equity ETF 2.7 47 39 3.8 +3.4
MILN Global X Millennial Consumer ETF 2.7 50 36 4.0 +3.6
EWY iShares MSCI South Korea ETF 2.6 58 28 4.0 +3.6
ARTY iShares Future AI & Tech ETF 2.6 47 39 2.9 +2.5
ANEW ProShares MSCI Transformational Changes ETF 2.6 45 41 4.9 +4.4
LOGO Alpha Brands Consumption Leaders ETF 2.4 69 17 2.8 +2.3
FXO First Trust Financials AlphaDEX Fund 2.4 62 24 7.5 +7.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.4 75 11 2.3 +1.9
TMFG Motley Fool Global Opportunities ETF 2.4 85 1 3.8 +3.4
XCEM Columbia EM Core ex-China ETF 2.4 16 70 6.0 +5.6
EPP iShares MSCI Pacific ex-Japan ETF 2.4 47 39 4.6 +4.1
FINX Global X FinTech ETF 2.4 68 18 3.6 +3.1
AADR AdvisorShares Dorsey Wright ADR ETF 2.3 110 -24 3.8 +3.4
CBSE Clough Select Equity ETF 2.3 85 1 0.9 +0.4
AWAY ETFMG Travel Tech ETF 2.3 76 10 -0.0 -0.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.3 20 66 4.4 +3.9
BITQ Bitwise Crypto Industry Innovators ETF 2.2 85 1 -2.2 -2.7
FMET Fidelity Metaverse ETF 2.2 39 47 4.7 +4.2
FFOG Franklin Focused Growth ETF 2.2 61 25 2.2 +1.7
EMM Global X Emerging Markets ex-China ETF 2.2 75 11 5.1 +4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.2 59 27 7.0 +6.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.1 58 28 4.4 +4.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.1 44 42 9.0 +8.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 54 6.7 +6.3
EPOL iShares MSCI Poland ETF 2.1 59 27 9.2 +8.7
FDLS Inspire Fidelis Multi Factor ETF 2.1 76 10 4.0 +3.5
FDIG Fidelity Crypto Industry and Digital Payments ETF 2.0 39 47 -0.9 -1.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 2.0 80 6 4.5 +4.0
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 70 6.8 +6.3
PCGG Polen Capital Global Growth ETF 1.9 85 1 4.0 +3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 6.3 +5.8
ESGE iShares ESG Aware MSCI EM ETF 1.8 25 61 8.1 +7.6
BKF iShares MSCI BIC ETF 1.8 69 17 11.9 +11.5
USRD Themes US R&D Champions ETF 1.8 29 57 4.2 +3.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 26 4.5 +4.1
INDY iShares India 50 ETF 1.7 89 -3 5.1 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 50 6.4 +5.9
FDTX Fidelity Disruptive Technology ETF 1.7 50 36 2.4 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.7 25 61 5.3 +4.9
JIG JPMorgan International Growth ETF 1.7 55 31 3.9 +3.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 68 6.2 +5.7
TRFM AAM Transformers ETF 1.6 49 37 1.0 +0.6
LGCF Themes US Cash Flow Champions ETF 1.6 30 56 7.4 +6.9
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 4.4 +3.9
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.0 +4.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 5.9 +5.4
NULG Nuveen ESG Large-Cap Growth ETF 1.5 26 60 2.9 +2.4
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.5 +3.0
GINN Goldman Sachs Innovate Equity ETF 1.4 52 34 3.4 +3.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 78 4.0 +3.6
VCR Vanguard Consumer Discretionary ETF 1.4 9 77 4.2 +3.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 4.0 +3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.3 15 71 6.0 +5.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.3 30 56 7.7 +7.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 3.9 +3.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.2 40 46 3.5 +3.0
EEM iShares MSCI Emerging Markets ETF 1.2 69 17 7.6 +7.2
ARKW ARK Next Generation Internet ETF 1.2 87 -1 1.0 +0.6
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 69 11.0 +10.5
INDA iShares MSCI India ETF 1.2 65 21 4.1 +3.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 16 6.9 +6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 45 6.2 +5.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.1 58 28 6.9 +6.5
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 37 3.8 +3.3
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 77 8.1 +7.6
TIME Clockwise Core Equity & Innovation ETF 1.1 95 -9 3.5 +3.0
CGIE Capital Group International Equity ETF 1.1 54 32 4.2 +3.8
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.4 +4.0
AFK VanEck Africa Index ETF 1.0 98 -12 10.8 +10.3
YNOT Horizon Digital Frontier ETF 1.0 75 11 2.7 +2.2
IYF iShares U.S. Financials ETF 1.0 40 46 5.7 +5.2
STXE Strive Emerging Markets Ex-China ETF 1.0 32 54 5.6 +5.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 51 3.8 +3.3
WRND IQ Global Equity R&D Leaders ETF 1.0 18 68 6.6 +6.2
MID American Century Mid Cap Growth Impact ETF 1.0 45 41 3.0 +2.6
XRT State Street SPDR S&P Retail ETF 1.0 35 51 7.3 +6.8
GURU Global X Guru Index ETF 1.0 75 11 2.6 +2.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.9 45 41 2.2 +1.7
QGRW WisdomTree U.S. Quality Growth Fund 0.9 28 58 3.5 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.8 33 53 6.3 +5.9
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 79 9.0 +8.6
IWP iShares Russell Mid-Cap Growth ETF 0.8 23 63 2.8 +2.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.8 +1.4
DWLD Davis Select Worldwide ETF 0.8 63 23 6.6 +6.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.8 33 53 6.6 +6.1
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.8 45 41 1.4 +1.0
DTEC ALPS Disruptive Technologies ETF 0.8 50 36 3.7 +3.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.8 59 27 9.9 +9.5
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.3 +3.8
HAPI Harbor Human Capital Factor US Large Cap ETF 0.8 36 50 4.4 +3.9
PSC Principal U.S. Small-Cap ETF 0.7 38 48 6.1 +5.6
NULC Nuveen ESG Large-Cap ETF 0.7 21 65 4.5 +4.1
GPT Intelligent Alpha Atlas ETF 0.7 69 17 4.8 +4.4
FEOE First Eagle Overseas Equity ETF 0.7 79 7 5.6 +5.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.7 20 66 2.8 +2.3
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 61 8.9 +8.5
GGRW Gabelli Growth Innovators ETF 0.7 90 -4 2.0 +1.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 37 7.5 +7.1
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 3.6 +3.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.7 30 56 5.9 +5.5
FEGE First Eagle Global Equity ETF 0.6 79 7 5.4 +4.9
AVEM Avantis Emerging Markets Equity ETF 0.6 33 53 6.8 +6.4
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 5.2 +4.8
ECON Columbia Emerging Markets Consumer ETF 0.6 49 37 9.3 +8.8
GVAL Cambria Global Value ETF 0.6 68 18 8.6 +8.1
BUZZ VanEck Social Sentiment ETF 0.6 75 11 -0.8 -1.2
QQQ Invesco QQQ Trust Series I 0.6 20 66 3.5 +3.1
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 3.6 +3.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 11 7.4 +7.0
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 5.5 +5.0
IPAC iShares Core MSCI Pacific ETF 0.6 9 77 5.2 +4.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 21 9.1 +8.6
AIA iShares Asia 50 ETF 0.6 50 36 9.8 +9.3
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 5.3 +4.9
RGEF Rockefeller Global Equity ETF 0.6 55 31 4.0 +3.5
EFG iShares MSCI EAFE Growth ETF 0.6 36 50 3.6 +3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 41 9.1 +8.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 5.7 +5.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 52 6.2 +5.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 71 5.3 +4.9
IXP iShares Global Comm Services ETF 0.5 42 44 5.3 +4.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 45 6.8 +6.3
JGRO JPMorgan Active Growth ETF 0.5 44 42 3.1 +2.6
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 56 6.2 +5.7
SMIN iShares MSCI India Small Cap ETF 0.5 79 7 3.5 +3.0
FTHF First Trust Emerging Markets Human Flourishing ETF 0.5 75 11 6.5 +6.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 51 6.5 +6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 38 5.7 +5.3
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 79 6.4 +6.0
LRGF iShares U.S. Equity Factor ETF 0.5 8 78 4.9 +4.4
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 51 7.0 +6.6
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 66 4.6 +4.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 7 5.0 +4.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 5.0 +4.6
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 68 3.2 +2.7
IXG iShares Global Financials ETF 0.4 42 44 6.0 +5.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.4 65 21 3.9 +3.5
FRDM Freedom 100 Emerging Markets ETF 0.4 49 37 5.4 +4.9
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 71 5.1 +4.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 4.9 +4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 66 4.8 +4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 37 5.7 +5.3
PPIE Putnam PanAgora ESG International Equity ETF 0.4 49 37 6.6 +6.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 65 3.3 +2.8
SUSA iShares MSCI USA ESG Select ETF 0.4 25 61 4.1 +3.6
WWJD Inspire International ETF 0.4 80 6 6.1 +5.6
AVES Avantis Emerging Markets Value ETF 0.4 36 50 8.9 +8.5
VPL Vanguard FTSE Pacific ETF 0.4 7 79 5.2 +4.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 4.0 +3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 7.6 +7.2
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.3 +3.8
RECS Columbia Research Enhanced Core ETF 0.4 15 71 5.2 +4.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 5.2 +4.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 37 8.2 +7.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 48 3.9 +3.5
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.1 +4.6
IYC iShares U.S. Consumer Discretionary ETF 0.4 40 46 3.4 +3.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 56 4.5 +4.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 11 5.0 +4.6
CGV Conductor Global Equity Value ETF 0.4 130 -44 6.4 +6.0
ESPO VanEck Video Gaming and eSports ETF 0.4 56 30 5.5 +5.1
HERO Global X Video Games & Esports ETF 0.4 50 36 4.7 +4.3
NERD Roundhill Video Games ETF 0.4 50 36 7.1 +6.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 26 3.4 +3.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 51 5.5 +5.0
IWO iShares Russell 2000 Growth ETF 0.3 24 62 0.7 +0.2
VTWG Vanguard Russell 2000 Growth ETF 0.3 10 76 0.8 +0.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 3.9 +3.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.3 24 62 6.0 +5.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.3 65 21 1.8 +1.4
GLOF iShares Global Equity Factor ETF 0.3 20 66 5.9 +5.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 77 4.3 +3.9
JETS U.S. Global Jets ETF 0.3 60 26 2.1 +1.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 5.0 +4.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 83 5.7 +5.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 50 5.7 +5.2
AVUS Avantis U.S. Equity ETF 0.3 15 71 5.0 +4.5
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 7.6 +7.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 16 3.2 +2.8
VXF Vanguard Extended Market ETF 0.3 5 81 4.0 +3.6
FLGR Franklin FTSE Germany ETF 0.3 9 77 6.4 +6.0
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.0 +4.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 4.6 +4.1
ACWI iShares MSCI ACWI ETF 0.3 32 54 4.7 +4.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 76 4.3 +3.9
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 73 5.4 +5.0
TPIF Timothy Plan International ETF 0.3 62 24 5.1 +4.6
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.2 +3.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 33 5.6 +5.2
IWF iShares Russell 1000 Growth ETF 0.3 19 67 3.5 +3.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 66 5.2 +4.8
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 3.7 +3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.4 +4.0
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 28 5.1 +4.6
PTL Inspire 500 ETF 0.3 9 77 4.7 +4.3
EWG iShares MSCI Germany ETF 0.3 50 36 5.8 +5.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 7.2 +6.7
VSGX Vanguard ESG International Stock ETF 0.3 10 76 6.4 +5.9
DFEV Dimensional Emerging Markets Value ETF 0.3 43 43 9.7 +9.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 5.7 +5.2
VT Vanguard Total World Stock ETF 0.3 6 80 5.1 +4.6
EFA iShares MSCI EAFE ETF 0.3 35 51 5.5 +5.0
ILCG iShares Morningstar Growth ETF 0.3 4 82 3.2 +2.8
FTC First Trust Large Cap Growth AlphaDEX Fund 0.3 59 27 1.7 +1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 16 6.4 +6.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 4.9 +4.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 66 5.6 +5.1
PID Invesco International Dividend Achievers ETF 0.3 53 33 4.6 +4.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 3.8 +3.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 3.7 +3.3
RVRB Reverb ETF 0.3 30 56 4.1 +3.6
AVUQ Avantis U.S. Quality ETF 0.3 15 71 3.7 +3.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 4.6 +4.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.5 +4.0
FPAG FPA Global Equity ETF 0.2 49 37 4.9 +4.5
BKIE BNY Mellon International Equity ETF 0.2 4 82 5.8 +5.3
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 3.5 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 48 7.1 +6.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 79 8.8 +8.4
IWR iShares Russell Midcap ETF 0.2 19 67 5.5 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 77 4.9 +4.4
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 42 9.6 +9.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 76 4.7 +4.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 6.0 +5.5
AFSM First Trust Active Factor Small Cap ETF 0.2 75 11 6.6 +6.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 79 5.8 +5.4
OPTZ Optimize Strategy Index ETF 0.2 50 36 4.2 +3.7
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 5.6 +5.2
UIVM VictoryShares International Value Momentum ETF 0.2 35 51 6.9 +6.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 61 6.2 +5.8
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 3.9 +3.4
IUS Invesco RAFI Strategic US ETF 0.2 19 67 5.9 +5.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 4.4 +4.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.3 +3.9
VOTE TCW Transform 500 ETF 0.2 5 81 4.3 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 6.5 +6.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 61 10.1 +9.7
GEW Cambria Global EW ETF 0.2 29 57 5.3 +4.9
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 5.8 +5.4
IWM iShares Russell 2000 ETF 0.2 19 67 3.2 +2.7
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 61 4.7 +4.2
BLES Inspire Global Hope ETF 0.2 61 25 5.9 +5.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 4.6 +4.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 44 8.2 +7.7
RSSL Global X Russell 2000 ETF 0.2 8 78 3.2 +2.7
VTWO Vanguard Russell 2000 ETF 0.2 7 79 3.3 +2.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 4.4 +3.9
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.2 61 25 6.4 +6.0
VXUS Vanguard Total International Stock ETF 0.2 5 81 6.5 +6.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 66 5.5 +5.0
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 3.7 +3.2
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 4.3 +3.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 4.3 +3.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 66 5.4 +4.9
SCHF Schwab International Equity ETF 0.2 6 80 5.9 +5.4
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.3 +3.8
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.4 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 5.8 +5.4
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 63 7.0 +6.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.2 20 66 8.7 +8.3
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 9.2 +8.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 18 6.4 +6.0
FENI Fidelity Enhanced International ETF 0.2 28 58 5.3 +4.8
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 2.5 +2.1
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 4.5 +4.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 6.2 +5.8
IMCB iShares Morningstar Mid-Cap ETF 0.2 4 82 5.5 +5.0
URTH iShares MSCI World ETF 0.2 24 62 4.4 +4.0
GXLC Global X U.S. 500 ETF 0.2 2 84 4.3 +3.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 66 4.8 +4.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 5.6 +5.1
PBUS Invesco MSCI USA ETF 0.2 4 82 4.3 +3.9
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 39 3.8 +3.4
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 5.6 +5.1
STXI Strive International Developed Markets ETF 0.2 29 57 5.5 +5.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 6.1 +5.7
AVSD Avantis Responsible International Equity ETF 0.2 23 63 4.4 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 6.9 +6.4
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.1 +2.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 5.3 +4.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 5.2 +4.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 4.3 +3.8
IWV iShares Russell 3000 ETF 0.1 20 66 4.2 +3.7
APIE ActivePassive International Equity ETF 0.1 45 41 6.2 +5.7
VTHR Vanguard Russell 3000 ETF 0.1 7 79 4.3 +3.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 61 4.8 +4.3
VONE Vanguard Russell 1000 ETF 0.1 7 79 4.4 +3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 36 8.5 +8.0
IWB iShares Russell 1000 ETF 0.1 15 71 4.3 +3.8
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 71 5.0 +4.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 61 6.6 +6.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 22 0.9 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 66 5.7 +5.2
ILCV iShares Morningstar Value ETF 0.1 4 82 5.6 +5.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.3 +4.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 62 5.9 +5.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 4.1 +3.6
IWL iShares Russell Top 200 ETF 0.1 15 71 4.0 +3.6
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 26 4.9 +4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 47 2.7 +2.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 4.8 +4.4
SMMD iShares Russell 2500 ETF 0.1 15 71 5.8 +5.3
IMCV iShares Morningstar Mid-Cap Value ETF 0.1 6 80 7.1 +6.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 5.3 +4.9
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 6.6 +6.1
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 2.4 +2.0
DAK Dakota Active Equity ETF 0.1 43 43 3.9 +3.4
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 7.4 +6.9
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.1 +5.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.4 +2.9
REVS Columbia Research Enhanced Value ETF 0.1 19 67 6.9 +6.4
GWX SPDR S&P International Small Cap ETF 0.1 40 46 5.5 +5.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 4.5 +4.1
VGK Vanguard FTSE Europe ETF 0.1 6 80 6.2 +5.8
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.1 +4.6
AVDE Avantis International Equity ETF 0.1 23 63 6.0 +5.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.0 +4.6
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.2 +5.7
EZU iShares MSCI Eurozone ETF 0.1 52 34 5.6 +5.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 49 6.7 +6.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 6.2 +5.8
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.2 +5.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 7.0 +6.5
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 27 5.0 +4.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 72 4.4 +3.9
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 38 5.7 +5.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.0 +5.5
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 11 7.5 +7.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 5.0 +4.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 5.2 +4.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 3.9 +3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 78 6.2 +5.7
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -4 3.2 +2.8
IWN iShares Russell 2000 Value ETF 0.1 24 62 5.6 +5.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 82 5.1 +4.7
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 5.9 +5.5
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 5.7 +5.2
DFUS Dimensional U.S. Equity ETF 0.0 9 77 4.2 +3.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 7.5 +7.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 74 4.4 +4.0
IEV iShares Europe ETF 0.0 67 19 5.6 +5.2
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 68 4.7 +4.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 4.7 +4.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 5.4 +5.0
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 6.1 +5.6
IQSI IQ Candriam International Equity ETF 0.0 15 71 5.3 +4.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 5.8 +5.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 77 6.5 +6.1
SCHX Schwab U.S. Large-Cap ETF 0.0 3 83 4.4 +3.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 47 5.8 +5.4
SCHK Schwab 1000 Index ETF 0.0 5 81 4.4 +3.9
IYY iShares Dow Jones U.S. ETF 0.0 20 66 4.2 +3.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 83 4.4 +3.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 83 4.3 +3.8
IEUR iShares Core MSCI Europe ETF 0.0 11 75 6.1 +5.7
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 6.0 +5.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 69 4.8 +4.3
XT iShares Exponential Technologies ETF 0.0 46 40 4.3 +3.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 4.7 +4.2
FESM Fidelity Enhanced Small Cap ETF 0.0 28 58 2.8 +2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 28 8.0 +7.5
STXG Strive 1000 Growth ETF 0.0 18 68 3.3 +2.9
IWD iShares Russell 1000 Value ETF 0.0 19 67 5.5 +5.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 5.6 +5.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 5.7 +5.3
STRV Strive 500 ETF 0.0 5 81 4.2 +3.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 68 5.9 +5.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 5.6 +5.2
DFIS Dimensional International Small Cap ETF 0.0 39 47 5.9 +5.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 5.3 +4.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 6.2 +5.8
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 37 4.9 +4.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 44 4.7 +4.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 44 5.6 +5.1
IGRO iShares International Dividend Growth ETF 0.0 15 71 6.0 +5.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 6.0 +5.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 5.8 +5.3
EBI Longview Advantage ETF 0.0 35 51 5.7 +5.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 3.9 +3.5
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 7.4 +6.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 6.4 +6.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 12.9 +12.5
IDX VanEck Indonesia Index ETF 0.0 57 29 7.2 +6.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 75 9.2 +8.8
EIDO iShares MSCI Indonesia ETF 0.0 59 27 7.6 +7.2

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 3.9 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.