FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 1.6% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 32.1x P/Sales
ratio		 2.4x
P/BV
ratio		 3.1x Div.
yield		 0.5%


  • 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) $28
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 77
Wgt avg mkt cap (mns) $57,120
Large cap (>$10bn) 76.4%
Mid cap ($2-10bn) 18.0%
Small cap (<$2bn) 5.7%
Developed mkts 21.4%
Emerging mkts 78.6%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 13.9 %
SEA LTD. (SINGAPORE) SPONSORED ADR 10.0 %
NU HOLDINGS LTD. CLASS A 7.7 %
BAJAJ FINANCE LIMITED 6.4 %
MERCADOLIBRE INC 6.4 %
COUPANG, INC. CLASS A 6.1 %
JIO FINANCIAL SERVICES LTD 5.5 %
ZOMATO LTD. 4.6 %
NHN CORP 4.4 %
DAUM COMMUNICATIONS CORP 3.2 %
Total 68.2 %

TOP COUNTRY EXPOSURE
INDIA 33.4 %
SOUTH KOREA 16.5 %
SINGAPORE 12.8 %
CAYMAN ISLANDS 7.7 %
ARGENTINA 6.6 %
BRAZIL 5.2 %
JAPAN 2.9 %
GERMANY 2.5 %
KAZAKHSTAN 2.0 %
LUXEMBOURG 1.8 %

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.
6.6% 10.8% -- -- -21.9%

Market Correlations
versus... Beta R-squared
S&P500 1.25 72%
MSCI EAFE 1.21 65%
MSCI Emg. Mkts. 1.18 61%

Technical Indicators
Recent close $12.25
30d moving avg. $12.50
Annualized volatility 27.5%
Short interest (ETF) 2.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $4,074

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 433 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™: 1.6%


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 43.9 86 0 2.0 +0.4
INQQ India Internet & Ecommerce ETF 33.4 86 0 2.6 +1.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.2 60 26 0.5 -1.1
EMFQ Amplify Emerging Markets FinTech ETF 18.9 69 17 5.7 +4.0
MINV Matthews Asia Innovators Active ETF 14.8 79 7 1.0 -0.7
FLIN Franklin FTSE India ETF 14.1 19 67 5.1 +3.4
OND ProShares On-Demand ETF 13.1 58 28 -2.2 -3.8
EPI WisdomTree India Earnings Fund 12.5 85 1 6.2 +4.5
DGIN VanEck Digital India ETF 11.3 71 15 1.3 -0.4
SOCL Global X Social Media ETF 11.0 65 21 -6.1 -7.7
EBIZ Global X E-Commerce ETF 10.3 50 36 1.2 -0.5
CGXU Capital Group International Focus Equity ETF 10.2 54 32 5.1 +3.4
ONLN ProShares Online Retail ETF 9.7 58 28 3.6 +1.9
FDCF Fidelity Disruptive Communications ETF 9.5 50 36 2.7 +1.1
FDNI First Trust Dow Jones International Internet ETF 9.3 65 21 3.0 +1.3
BRAZ Global X Brazil Active ETF 8.6 75 11 10.2 +8.6
IPO Renaissance IPO ETF 8.4 60 26 -2.0 -3.6
BPAY BlackRock Future Financial and Technology ETF 8.2 70 16 8.9 +7.2
KPOP KPOP and Korean Entertainment ETF 8.1 75 11 -9.1 -10.7
DINT Davis Select International ETF 8.1 55 31 6.2 +4.6
AOTG AOT Growth and Innovation ETF 8.1 75 11 3.5 +1.8
ILF iShares Latin America 40 ETF 7.5 48 38 11.3 +9.7
MEM Matthews Emerging Markets Equity Active ETF 7.3 79 7 5.8 +4.1
ISHP First Trust Nasdaq Retail ETF 7.0 60 26 3.2 +1.6
EWS iShares MSCI Singapore ETF 6.8 50 36 5.6 +4.0
XC WisdomTree Emerging Markets Ex-China Fund 6.7 32 54 5.8 +4.2
ARGT Global X MSCI Argentina ETF 6.6 59 27 6.5 +4.8
CBSE Clough Select Equity ETF 6.5 85 1 -1.5 -3.1
ARKF ARK Fintech Innovation ETF 6.4 75 11 -0.3 -1.9
FPXI First Trust International Equity Opportunities ETF 6.3 70 16 4.0 +2.4
IWFH iShares Virtual Work and Life Multisector ETF 6.3 47 39 -4.2 -5.8
BUYZ Franklin Disruptive Commerce ETF 6.1 50 36 2.2 +0.5
IBUY Amplify Online Retail ETF 5.7 65 21 1.5 -0.1
FLN First Trust Latin America AlphaDEX Fund 5.6 80 6 9.9 +8.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.6 20 66 6.9 +5.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.6 75 11 5.0 +3.4
LOUP Innovator Deepwater Frontier Tech ETF 5.4 70 16 1.9 +0.3
PNQI Invesco NASDAQ Internet ETF 5.2 60 26 2.6 +0.9
BLOK Amplify Transformational Data Sharing ETF 5.1 75 11 0.9 -0.7
HERO Global X Video Games & Esports ETF 4.8 50 36 4.3 +2.6
NERD Roundhill Video Games ETF 4.8 50 36 7.0 +5.3
INDF Nifty India Financials ETF 4.6 75 11 5.3 +3.7
ESPO VanEck Video Gaming and eSports ETF 4.5 56 30 4.2 +2.5
FLKR Franklin FTSE South Korea ETF 4.3 9 77 9.3 +7.6
FBZ First Trust Brazil AlphaDEX Fund 4.3 80 6 12.3 +10.7
FMET Fidelity Metaverse ETF 4.2 39 47 5.1 +3.5
EMM Global X Emerging Markets ex-China ETF 4.2 75 11 3.8 +2.2
FRDM Freedom 100 Emerging Markets ETF 4.1 49 37 6.7 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 75 7.5 +5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 4.1 29 57 6.1 +4.5
GVIP Goldman Sachs Hedge Industry VIP ETF 4.0 45 41 5.3 +3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.0 36 50 7.1 +5.5
CLOD Themes Cloud Computing ETF 3.9 35 51 3.7 +2.1
EMC Global X Emerging Markets Great Consumer ETF 3.7 75 11 4.8 +3.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.7 32 54 6.6 +5.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.7 18 68 7.0 +5.4
DWLD Davis Select Worldwide ETF 3.7 63 23 7.0 +5.3
EWY iShares MSCI South Korea ETF 3.6 58 28 8.4 +6.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.5 75 11 3.1 +1.4
BTEK Future Tech ETF 3.5 88 -2 2.3 +0.6
INDA iShares MSCI India ETF 3.5 65 21 4.5 +2.9
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 3.5 106 -20 4.0 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.4 66 20 6.8 +5.1
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 67 7.0 +5.3
EPOL iShares MSCI Poland ETF 3.2 59 27 10.5 +8.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 53 7.1 +5.5
GBUY Goldman Sachs Future Consumer Equity ETF 3.0 75 11 3.7 +2.0
JHEM John Hancock Multifactor Emerging Markets ETF 3.0 49 37 8.1 +6.4
MILN Global X Millennial Consumer ETF 2.9 50 36 3.1 +1.4
OGIG ALPS O'Shares Global Internet Giants ETF 2.9 48 38 0.6 -1.1
ARVR First Trust Indxx Metaverse ETF 2.9 70 16 1.7 +0.0
NDIA Global X India Active ETF 2.8 75 11 6.4 +4.8
METV Roundhill Ball Metaverse ETF 2.8 59 27 3.4 +1.7
FFTY Innovator IBD 50 ETF 2.8 80 6 1.3 -0.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.7 70 16 3.8 +2.2
TRFM AAM Transformers ETF 2.7 49 37 1.5 -0.2
INNO Harbor Disruptive Innovation ETF 2.7 75 11 -1.5 -3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.7 36 50 6.7 +5.1
BITQ Bitwise Crypto Industry Innovators ETF 2.7 85 1 -1.5 -3.2
IWP iShares Russell Mid-Cap Growth ETF 2.5 23 63 4.0 +2.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.5 68 18 4.2 +2.6
XNTK SPDR NYSE Technology ETF 2.5 35 51 4.1 +2.4
GINN Goldman Sachs Innovate Equity ETF 2.5 52 34 2.7 +1.1
ODDS Pacer BlueStar Digital Entertainment ETF 2.4 60 26 2.3 +0.7
AADR AdvisorShares Dorsey Wright ADR ETF 2.4 110 -24 5.9 +4.3
FDTX Fidelity Disruptive Technology ETF 2.4 50 36 3.0 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.3 24 62 6.6 +4.9
BOUT Innovator IBD Breakout Opportunities ETF 2.3 81 5 2.9 +1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.3 32 54 6.3 +4.6
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.3 75 11 5.7 +4.1
FDFF Fidelity Disruptive Finance ETF 2.3 50 36 4.6 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.2 45 41 7.9 +6.3
FINX Global X FinTech ETF 2.2 68 18 3.4 +1.7
CHAT Roundhill Generative AI & Technology ETF 2.2 75 11 4.1 +2.4
TIME Clockwise Core Equity & Innovation ETF 2.2 95 -9 1.4 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.1 59 27 9.2 +7.6
AWAY ETFMG Travel Tech ETF 2.1 76 10 -4.3 -5.9
SFYF SoFi Social 50 ETF 2.1 29 57 -3.4 -5.0
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 70 7.0 +5.4
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 61 7.4 +5.8
FXO First Trust Financials AlphaDEX Fund 2.0 62 24 8.2 +6.5
ARKW ARK Next Generation Internet ETF 2.0 87 -1 -0.9 -2.5
CGGO Capital Group Global Growth Equity ETF 1.9 47 39 4.8 +3.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.9 88 -2 5.4 +3.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.9 80 6 6.1 +4.4
TMFG Motley Fool Global Opportunities ETF 1.9 85 1 3.4 +1.8
JOET Virtus Terranova US Quality Momentum ETF 1.8 29 57 5.2 +3.6
INDY iShares India 50 ETF 1.8 89 -3 4.8 +3.1
PEJ Invesco Leisure and Entertainment ETF 1.8 58 28 1.0 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 16 6.3 +4.6
PIN Invesco India ETF 1.8 78 8 4.7 +3.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 26 9.7 +8.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 26 5.5 +3.9
EPP iShares MSCI Pacific ex-Japan ETF 1.7 47 39 5.3 +3.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.7 15 71 7.3 +5.6
SMIN iShares MSCI India Small Cap ETF 1.7 79 7 3.6 +1.9
LDEM iShares ESG MSCI EM Leaders ETF 1.7 17 69 7.5 +5.9
RAYD Rayliant Quantitative Developed Market Equity ETF 1.6 80 6 4.5 +2.9
BNGE First Trust S-Network Streaming and Gaming ETF 1.6 70 16 -2.1 -3.8
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.6 40 46 4.3 +2.7
SMCP AlphaMark Actively Managed Small Cap ETF 1.6 90 -4 6.7 +5.0
AFK VanEck Africa Index ETF 1.6 98 -12 8.8 +7.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 61 6.5 +4.9
STXE Strive Emerging Markets Ex-China ETF 1.6 32 54 6.8 +5.2
KOMP SPDR S&P Kensho New Economies Composite ETF 1.6 20 66 1.1 -0.5
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 4.7 +3.0
GURU Global X Guru Index ETF 1.4 75 11 1.8 +0.1
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 41 3.6 +2.0
IDX VanEck Indonesia Index ETF 1.4 57 29 8.3 +6.7
EIDO iShares MSCI Indonesia ETF 1.4 59 27 7.1 +5.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 78 5.0 +3.4
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.4 39 47 -0.7 -2.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 42 10.3 +8.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 37 6.6 +5.0
JIG JPMorgan International Growth ETF 1.4 55 31 4.3 +2.6
PWB Invesco Large Cap Growth ETF 1.4 56 30 3.5 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 79 7.4 +5.7
BKF iShares MSCI BIC ETF 1.3 69 17 7.3 +5.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 6 14.2 +12.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.3 40 46 6.7 +5.1
NULC Nuveen ESG Large-Cap ETF 1.3 21 65 5.7 +4.1
VCR Vanguard Consumer Discretionary ETF 1.2 10 76 4.9 +3.2
FPAG FPA Global Equity ETF 1.2 49 37 5.5 +3.8
XCEM Columbia EM Core ex-China ETF 1.2 16 70 7.2 +5.6
EEM iShares MSCI Emerging Markets ETF 1.2 69 17 6.9 +5.2
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 77 7.5 +5.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.1 75 11 3.6 +2.0
AVEM Avantis Emerging Markets Equity ETF 1.1 33 53 8.8 +7.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.1 41 45 6.7 +5.0
FDEV Fidelity International Multifactor ETF 1.1 18 68 7.4 +5.8
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.1 47 39 1.9 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.1 75 11 7.4 +5.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 16 7.2 +5.6
PSC Principal U.S. Small-Cap ETF 1.1 38 48 6.1 +4.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 28 5.0 +3.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 56 7.4 +5.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 51 5.1 +3.5
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 -2.8 -4.4
IPOS Renaissance International IPO ETF 1.0 80 6 -0.6 -2.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 37 6.2 +4.6
IYF iShares U.S. Financials ETF 1.0 40 46 6.0 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -9 10.6 +9.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 45 7.5 +5.9
MOTG VanEck Morningstar Global Wide Moat ETF 0.9 52 34 5.7 +4.0
GGME Invesco Next Gen Media and Gaming ETF 0.9 60 26 3.9 +2.3
LRGF iShares U.S. Equity Factor ETF 0.9 8 78 5.9 +4.3
JRNY ALPS Global Travel Beneficiaries ETF 0.9 65 21 -1.2 -2.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.9 15 71 4.7 +3.0
DTEC ALPS Disruptive Technologies ETF 0.9 50 36 3.2 +1.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 21 7.1 +5.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.9 45 41 3.2 +1.6
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.9 +3.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.8 61 25 4.9 +3.3
IXP iShares Global Comm Services ETF 0.8 42 44 5.4 +3.8
AVLV Avantis U.S. Large Cap Value ETF 0.8 15 71 7.5 +5.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.7 20 66 5.6 +3.9
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 31 8.6 +7.0
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 51 7.4 +5.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 21 1.3 -0.4
WUGI AXS Esoterica NextG Economy ETF 0.7 75 11 2.8 +1.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.7 90 -4 6.3 +4.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 50 4.8 +3.2
IWR iShares Russell Midcap ETF 0.7 19 67 5.6 +4.0
GLIN VanEck India Growth Leaders ETF 0.7 77 9 5.7 +4.0
AIA iShares Asia 50 ETF 0.6 50 36 6.7 +5.0
KOCG FIS Knights of Columbus Global Belief ETF 0.6 75 11 5.4 +3.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 61 11.4 +9.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 6 13.4 +11.7
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 61 8.7 +7.1
BRF VanEck Brazil Small-Cap ETF 0.6 66 20 7.6 +6.0
AVES Avantis Emerging Markets Value ETF 0.6 36 50 10.9 +9.3
JETS U.S. Global Jets ETF 0.6 60 26 -15.6 -17.3
QQQ Invesco QQQ Trust Series I 0.6 20 66 4.7 +3.1
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 4.8 +3.1
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 56 6.7 +5.1
IPAC iShares Core MSCI Pacific ETF 0.6 9 77 6.8 +5.2
EWZS iShares MSCI Brazil Small-Cap ETF 0.6 59 27 8.2 +6.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 48 8.1 +6.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 47 7.0 +5.3
VPL Vanguard FTSE Pacific ETF 0.5 8 78 6.9 +5.3
EFG iShares MSCI EAFE Growth ETF 0.5 36 50 4.3 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 52 6.8 +5.1
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 66 4.8 +3.2
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 79 7.0 +5.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 4.0 +2.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 47 4.3 +2.6
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 78 7.2 +5.5
ISZE iShares MSCI Intl Size Factor ETF 0.5 30 56 6.7 +5.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 71 5.4 +3.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 83 6.8 +5.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.5 12 74 4.9 +3.2
VIDI Vident International Equity Strategy ETF 0.5 61 25 11.9 +10.2
SCHE Schwab Emerging Markets Equity ETF 0.4 11 75 7.3 +5.7
JGRO JPMorgan Active Growth ETF 0.4 44 42 3.6 +2.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 79 6.4 +4.7
IYC iShares U.S. Consumer Discretionary ETF 0.4 40 46 3.9 +2.2
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 58 4.9 +3.3
VIGI Vanguard International Dividend Appreciation ETF 0.4 15 71 5.7 +4.1
VSGX Vanguard ESG International Stock ETF 0.4 12 74 6.5 +4.9
TPIF Timothy Plan International ETF 0.4 62 24 6.5 +4.9
ILCG iShares Morningstar Growth ETF 0.4 4 82 4.1 +2.5
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.4 18 68 5.8 +4.2
FBCG Fidelity Blue Chip Growth ETF 0.4 59 27 2.8 +1.2
FLGR Franklin FTSE Germany ETF 0.4 9 77 7.1 +5.5
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 5.4 +3.7
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 73 2.3 +0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 57 6.2 +4.6
WWJD Inspire International ETF 0.4 80 6 6.9 +5.3
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 5.1 +3.5
MVPS Amplify Thematic All-Stars ETF 0.4 49 37 3.1 +1.4
AVUS Avantis U.S. Equity ETF 0.4 15 71 5.9 +4.3
MOON Direxion Moonshot Innovators ETF 0.4 65 21 0.0 -1.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.4 65 21 5.8 +4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 66 5.3 +3.7
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 61 5.6 +3.9
GLOF iShares Global Equity Factor ETF 0.4 20 66 7.2 +5.6
WRND IQ Global Equity R&D Leaders ETF 0.4 18 68 7.1 +5.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 78 7.0 +5.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 28 9.9 +8.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 37 6.4 +4.8
VXUS Vanguard Total International Stock ETF 0.3 7 79 6.9 +5.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 57 8.3 +6.7
VT Vanguard Total World Stock ETF 0.3 7 79 5.8 +4.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 7.2 +5.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 77 4.9 +3.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 66 6.7 +5.0
PTL Inspire 500 ETF 0.3 9 77 5.8 +4.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.3 30 56 4.8 +3.2
IXG iShares Global Financials ETF 0.3 42 44 6.6 +5.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 11 4.3 +2.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 4.4 +2.8
RVRB Reverb ETF 0.3 30 56 5.0 +3.4
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 73 7.4 +5.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 6.8 +5.2
BKIE BNY Mellon International Equity ETF 0.3 4 82 6.9 +5.2
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 5.3 +3.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 37 5.2 +3.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 51 6.2 +4.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 62 7.7 +6.1
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 71 1.5 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 76 5.3 +3.7
EWG iShares MSCI Germany ETF 0.3 50 36 6.5 +4.8
ACWI iShares MSCI ACWI ETF 0.3 32 54 5.5 +3.8
IWN iShares Russell 2000 Value ETF 0.3 24 62 5.1 +3.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.3 20 66 6.1 +4.4
IWM iShares Russell 2000 ETF 0.3 19 67 3.4 +1.7
CIL VictoryShares International Volatility Wtd ETF 0.3 45 41 6.8 +5.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 66 9.9 +8.3
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.3 51 35 6.7 +5.1
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 68 4.6 +2.9
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 6.2 +4.6
JPXN iShares JPX-Nikkei 400 ETF 0.3 48 38 7.8 +6.1
RSSL Global X Russell 2000 ETF 0.3 8 78 3.0 +1.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 61 6.2 +4.6
BFOR ALPS Barron's 400 ETF 0.3 65 21 6.4 +4.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.3 36 50 6.5 +4.9
EFA iShares MSCI EAFE ETF 0.3 35 51 6.5 +4.9
TTAC FCF US Quality ETF 0.3 59 27 6.3 +4.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 76 5.5 +3.8
IWO iShares Russell 2000 Growth ETF 0.3 24 62 1.4 -0.2
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.9 +3.3
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.6 +3.0
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 11 5.9 +4.3
VEA Vanguard FTSE Developed Markets ETF 0.2 5 81 6.9 +5.2
APIE ActivePassive International Equity ETF 0.2 45 41 7.6 +5.9
DFEV Dimensional Emerging Markets Value ETF 0.2 43 43 11.1 +9.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 34 5.4 +3.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.3 +3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 74 4.8 +3.2
IMCB iShares Morningstar Mid-Cap ETF 0.2 4 82 6.2 +4.6
IQDE FlexShares International Quality Dividend Defensive Index ET 0.2 47 39 8.2 +6.6
VTWO Vanguard Russell 2000 ETF 0.2 10 76 3.3 +1.7
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 62 6.8 +5.2
GWX SPDR S&P International Small Cap ETF 0.2 40 46 6.2 +4.6
IEFA iShares Core MSCI EAFE ETF 0.2 7 79 6.7 +5.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 5.2 +3.6
SCHF Schwab International Equity ETF 0.2 6 80 7.1 +5.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.2 65 21 5.4 +3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 77 5.7 +4.0
VOTE TCW Transform 500 ETF 0.2 5 81 5.2 +3.5
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 5.2 +3.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 5.2 +3.6
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 5.2 +3.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 5.3 +3.7
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 39 -3.9 -5.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 5.2 +3.5
AIQ Global X Artificial Intelligence & Technology ETF 0.2 68 18 4.0 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 6.8 +5.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 4.7 +3.0
BBJP JPMorgan BetaBuilders Japan ETF 0.2 19 67 6.9 +5.3
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 61 9.0 +7.4
FLBR Franklin FTSE Brazil ETF 0.2 19 67 13.6 +12.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 5.2 +3.5
BLES Inspire Global Hope ETF 0.2 61 25 6.4 +4.7
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 66 6.4 +4.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 5.8 +4.2
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 31 4.8 +3.2
EWJ iShares MSCI Japan ETF 0.2 50 36 7.1 +5.4
VTWV Vanguard Russell 2000 Value ETF 0.2 15 71 5.0 +3.4
SUSA iShares MSCI USA ESG Select ETF 0.2 25 61 5.3 +3.6
URTH iShares MSCI World ETF 0.2 24 62 5.4 +3.7
TOK iShares MSCI Kokusai ETF 0.2 26 60 5.2 +3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.4 +3.8
VONG Vanguard Russell 1000 Growth ETF 0.2 8 78 5.0 +3.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 68 7.4 +5.8
TTAI FCF International Quality ETF 0.2 59 27 6.6 +5.0
PID Invesco International Dividend Achievers ETF 0.2 53 33 6.8 +5.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.2 70 16 9.3 +7.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 55 6.3 +4.6
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 5.3 +3.6
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 71 5.8 +4.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 27 6.0 +4.3
IUS Invesco RAFI Strategic US ETF 0.2 19 67 7.2 +5.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.1 +6.4
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.9 +2.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.2 47 39 6.9 +5.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 56 7.9 +6.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 36 10.9 +9.3
PBUS Invesco MSCI USA ETF 0.2 4 82 5.2 +3.6
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.0 +4.4
IWV iShares Russell 3000 ETF 0.2 20 66 5.0 +3.3
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.0 +4.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.6 +3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 66 6.1 +4.4
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 51 5.9 +4.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 46 5.9 +4.3
DFIS Dimensional International Small Cap ETF 0.1 39 47 6.4 +4.7
IWB iShares Russell 1000 ETF 0.1 15 71 5.1 +3.5
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 77 7.3 +5.6
FLJP Franklin FTSE Japan ETF 0.1 9 77 7.0 +5.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 56 7.9 +6.2
VFVA Vanguard U.S. Value Factor ETF 0.1 13 73 10.3 +8.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 37 12.7 +11.1
VTHR Vanguard Russell 3000 ETF 0.1 10 76 5.1 +3.5
FMIL Fidelity New Millennium ETF 0.1 59 27 4.6 +3.0
FTA First Trust Large Cap Value AlphaDEX Fund 0.1 59 27 8.4 +6.7
QINT American Century Quality Diversified International ETF 0.1 39 47 7.7 +6.0
RECS Columbia Research Enhanced Core ETF 0.1 15 71 5.6 +4.0
SMMD iShares Russell 2500 ETF 0.1 15 71 5.8 +4.2
VONE Vanguard Russell 1000 ETF 0.1 8 78 5.3 +3.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.7 +7.1
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.6 +4.9
FLLA Franklin FTSE Latin America ETF 0.1 19 67 12.9 +11.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 8.6 +7.0
VGK Vanguard FTSE Europe ETF 0.1 11 75 6.7 +5.0
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.4 +4.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.1 15 71 9.9 +8.2
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 68 5.0 +3.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 72 5.2 +3.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 6.9 +5.3
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.9 +5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 7.7 +6.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.6 +5.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 44 7.4 +5.8
AVDV Avantis International Small Cap Value ETF 0.1 36 50 7.7 +6.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 8.5 +6.8
FLEU Franklin FTSE Eurozone ETF 0.1 9 77 6.9 +5.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.8 +4.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 6 9.4 +7.7
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.4 +5.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.1 +3.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.2 +3.6
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.5 +4.8
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 5.8 +4.2
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 7.1 +5.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 56 6.0 +4.3
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.3 +4.7
VONV Vanguard Russell 1000 Value ETF 0.1 8 78 6.6 +4.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.0 +3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 19 9.2 +7.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 71 5.9 +4.3
REVS Columbia Research Enhanced Value ETF 0.1 19 67 7.6 +6.0
AVDE Avantis International Equity ETF 0.1 23 63 7.8 +6.1
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 38 8.1 +6.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 62 6.1 +4.5
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 1 -1.0 -2.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 66 6.8 +5.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 6.5 +4.9
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 44 5.8 +4.2
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 68 4.7 +3.0
DFAI Dimensional International Core Equity Market ETF 0.1 18 68 7.0 +5.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 77 7.6 +6.0
IEUR iShares Core MSCI Europe ETF 0.0 11 75 6.6 +5.0
IEV iShares Europe ETF 0.0 67 19 6.2 +4.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 61 7.0 +5.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 9.3 +7.6
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.1 +5.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.0 4 82 5.1 +3.4
ILCV iShares Morningstar Value ETF 0.0 4 82 6.4 +4.8
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 69 7.1 +5.5
EPS WisdomTree U.S. LargeCap Fund 0.0 8 78 6.2 +4.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 47 7.2 +5.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.5 +6.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.0 25 61 7.7 +6.1
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.5 +4.8
STXG Strive 1000 Growth ETF 0.0 18 68 4.3 +2.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 46 6.2 +4.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.7 +5.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 52 10.8 +9.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 71 5.0 +3.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.5 +5.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 45 6.6 +4.9
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 11 3.9 +2.3
STRV Strive 500 ETF 0.0 5 81 5.2 +3.6
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 63 6.3 +4.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.0 +5.3
HDUS Hartford Disciplined US Equity ETF 0.0 19 67 6.2 +4.5
TGRW T. Rowe Price Growth Stock ETF 0.0 52 34 4.0 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 56 5.9 +4.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 8.3 +6.7
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 29 3.5 +1.9
STXV Strive 1000 Value ETF 0.0 18 68 7.7 +6.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.0 45 41 10.9 +9.3

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 7.3 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 1.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.48
 
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.