FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 39.5x P/Sales
ratio		 3.5x
P/BV
ratio		 4.5x 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) $33
Currency USD
Expense ratio 86 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $266,489
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 August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.6% 11.2% -- -- -12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.00 55%
MSCI EAFE 0.79 40%
MSCI Emg. Mkts. 0.89 53%

Technical Indicators
Recent close $15.42
30d moving avg. $14.82
Annualized volatility 20.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 430 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMQQ Expense: 86 bp ALTAR Score™: 0.4%


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 13.1 +12.7
INQQ India Internet & Ecommerce ETF 58.5 86 0 1.3 +1.0
EPI WisdomTree India Earnings Fund 30.2 85 1 5.3 +4.9
FLIN Franklin FTSE India ETF 28.4 19 67 4.2 +3.8
MINV Matthews Asia Innovators Active ETF 24.5 79 7 7.0 +6.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.9 60 26 10.4 +10.0
EWS iShares MSCI Singapore ETF 17.7 50 36 4.7 +4.3
CGXU Capital Group International Focus Equity ETF 17.2 54 32 5.5 +5.1
DGIN VanEck Digital India ETF 15.6 71 15 2.2 +1.8
XC WisdomTree Emerging Markets Ex-China Fund 12.7 32 54 6.3 +5.9
FDNI First Trust Dow Jones International Internet ETF 12.6 65 21 20.2 +19.8
EBIZ Global X E-Commerce ETF 11.6 50 36 3.7 +3.3
BUYZ Franklin Disruptive Commerce ETF 11.2 50 36 2.2 +1.8
FDCF Fidelity Disruptive Communications ETF 11.2 50 36 2.7 +2.3
EWZ iShares MSCI Brazil ETF 10.0 58 28 13.0 +12.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.8 20 66 10.5 +10.1
ARGT Global X MSCI Argentina ETF 9.8 59 27 5.2 +4.8
TOGA Tremblant Global ETF 9.7 69 17 1.8 +1.4
DINT Davis Select International ETF 9.7 55 31 7.9 +7.5
BRAZ Global X Brazil Active ETF 9.5 75 11 12.5 +12.1
AADR AdvisorShares Dorsey Wright ADR ETF 9.4 110 -24 4.7 +4.3
ISHP First Trust Nasdaq Retail ETF 9.2 60 26 5.3 +4.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.7 80 6 5.2 +4.8
ONLN ProShares Online Retail ETF 8.6 58 28 1.9 +1.5
OND ProShares On-Demand ETF 8.5 58 28 0.7 +0.3
ILF iShares Latin America 40 ETF 8.2 48 38 12.6 +12.2
EPOL iShares MSCI Poland ETF 8.2 59 27 11.2 +10.8
LOUP Innovator Deepwater Frontier Tech ETF 8.0 70 16 1.2 +0.8
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 7 7.7 +7.3
AOTG AOT Growth and Innovation ETF 7.2 75 11 1.7 +1.3
VICE AdvisorShares Vice ETF 7.0 99 -13 6.1 +5.7
EMC Global X Emerging Markets Great Consumer ETF 7.0 75 11 10.8 +10.4
BPAY BlackRock Future Financial and Technology ETF 6.8 70 16 7.7 +7.3
XCEM Columbia EM Core ex-China ETF 6.8 16 70 8.2 +7.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.7 95 -9 11.5 +11.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.7 15 71 10.0 +9.7
BKEM BNY Mellon Emerging Markets Equity ETF 6.6 11 75 9.8 +9.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.5 36 50 9.6 +9.2
ARKF ARK Fintech Innovation ETF 6.5 75 11 -0.4 -0.8
INDF Nifty India Financials ETF 6.4 75 11 8.6 +8.2
PNQI Invesco NASDAQ Internet ETF 6.4 60 26 3.3 +2.9
FLAX Franklin FTSE Asia Ex Japan ETF 6.3 19 67 9.1 +8.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.2 66 20 9.4 +9.0
INCO Columbia India Consumer ETF 6.1 75 11 1.9 +1.5
FLKR Franklin FTSE South Korea ETF 5.9 9 77 8.8 +8.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.8 32 54 6.9 +6.5
SOCL Global X Social Media ETF 5.8 65 21 8.6 +8.2
KPOP KPOP and Korean Entertainment ETF 5.8 75 11 2.0 +1.6
BITQ Bitwise Crypto Industry Innovators ETF 5.6 85 1 -2.4 -2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.3 33 53 8.5 +8.2
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 10.0 +9.6
GVIP Goldman Sachs Hedge Industry VIP ETF 5.3 45 41 3.1 +2.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.3 75 11 4.7 +4.3
ABLG Abacus FCF International Leaders ETF 5.3 59 27 6.9 +6.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.2 33 53 9.8 +9.5
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 8.3 +7.9
BLOK Amplify Transformational Data Sharing ETF 4.8 75 11 -0.4 -0.8
DWLD Davis Select Worldwide ETF 4.6 63 23 7.1 +6.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.4 24 62 7.9 +7.5
IBUY Amplify Online Retail ETF 4.4 65 21 0.8 +0.4
EWY iShares MSCI South Korea ETF 4.3 58 28 8.2 +7.8
BCOR Grayscale Bitcoin Adopters ETF 4.3 59 27 2.4 +2.0
METV Roundhill Ball Metaverse ETF 4.3 59 27 7.4 +7.0
IPO Renaissance IPO ETF 4.1 60 26 3.3 +3.0
EPP iShares MSCI Pacific ex-Japan ETF 4.1 47 39 5.0 +4.6
EEMO Invesco S&P Emerging Markets Momentum ETF 4.1 29 57 6.4 +6.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.1 45 41 10.1 +9.7
MILN Global X Millennial Consumer ETF 4.1 50 36 3.7 +3.3
OGIG ALPS O'Shares Global Internet Giants ETF 4.1 48 38 1.5 +1.1
CLOD Themes Cloud Computing ETF 4.0 35 51 3.2 +2.8
EWZS iShares MSCI Brazil Small-Cap ETF 4.0 59 27 9.9 +9.5
TMAT Main Thematic Innovation ETF 3.9 164 -78 -1.5 -1.8
NDIA Global X India Active ETF 3.8 75 11 5.0 +4.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 3.7 75 11 9.2 +8.9
AWAY ETFMG Travel Tech ETF 3.7 76 10 -0.9 -1.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 11 3.0 +2.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.4 65 21 4.2 +3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.4 32 54 9.0 +8.6
SCHE Schwab Emerging Markets Equity ETF 3.4 11 75 10.8 +10.4
HERO Global X Video Games & Esports ETF 3.3 50 36 3.7 +3.4
ESPO VanEck Video Gaming and eSports ETF 3.3 56 30 3.7 +3.4
FDTX Fidelity Disruptive Technology ETF 3.3 50 36 2.7 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 27 8.7 +8.3
FRDM Freedom 100 Emerging Markets ETF 3.3 49 37 8.2 +7.8
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.2 75 11 4.6 +4.2
SAMM Strategas Macro Momentum ETF 3.2 66 20 2.3 +1.9
GINN Goldman Sachs Innovate Equity ETF 3.2 52 34 3.6 +3.2
NERD Roundhill Video Games ETF 3.1 50 36 2.9 +2.5
CBSE Clough Select Equity ETF 3.1 85 1 0.9 +0.5
CGGO Capital Group Global Growth Equity ETF 3.0 47 39 4.7 +4.3
MVPA Miller Value Partners Appreciation ETF 2.9 60 26 9.2 +8.8
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.9 49 37 3.8 +3.4
WLDR Affinity World Leaders Equity ETF 2.9 67 19 7.3 +7.0
ANEW ProShares MSCI Transformational Changes ETF 2.9 45 41 6.1 +5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.5 +10.1
MID American Century Mid Cap Growth Impact ETF 2.8 45 41 3.2 +2.8
TMFG Motley Fool Global Opportunities ETF 2.7 85 1 3.9 +3.5
SPYA Twin Oak Endure ETF 2.6 80 6 -2.1 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.6 80 6 11.0 +10.6
LOGO Alpha Brands Consumption Leaders ETF 2.5 69 17 3.0 +2.7
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 50 7.8 +7.4
AFK VanEck Africa Index ETF 2.4 98 -12 11.5 +11.1
FMET Fidelity Metaverse ETF 2.4 39 47 4.6 +4.2
RJMG FT Raymond James Multicap Growth Equity ETF 2.3 85 1 2.0 +1.6
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 70 8.4 +8.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 68 7.8 +7.4
FXO First Trust Financials AlphaDEX Fund 2.2 62 24 8.1 +7.7
LGCF Themes US Cash Flow Champions ETF 2.2 30 56 8.2 +7.9
FDFF Fidelity Disruptive Finance ETF 2.2 50 36 4.3 +3.9
JIG JPMorgan International Growth ETF 2.1 55 31 4.7 +4.3
EMXC iShares MSCI Emerging Markets ex China ETF 2.1 25 61 7.6 +7.2
JOET Virtus Terranova US Quality Momentum ETF 2.1 29 57 4.7 +4.3
TRFM AAM Transformers ETF 2.1 49 37 1.3 +0.9
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 61 10.0 +9.6
INDY iShares India 50 ETF 2.0 89 -3 5.1 +4.7
IPOS Renaissance International IPO ETF 2.0 80 6 2.2 +1.8
IDX VanEck Indonesia Index ETF 2.0 57 29 7.3 +6.9
RVER Trenchless Fund ETF 1.9 65 21 4.4 +4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 45 7.4 +7.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 7.8 +7.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.9 8 78 4.4 +4.0
USRD Themes US R&D Champions ETF 1.9 29 57 4.5 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 16 9.1 +8.7
NULC Nuveen ESG Large-Cap ETF 1.8 21 65 4.7 +4.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.7 40 46 3.7 +3.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 26 4.6 +4.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 71 7.7 +7.3
FFOG Franklin Focused Growth ETF 1.7 61 25 2.3 +1.9
NULG Nuveen ESG Large-Cap Growth ETF 1.7 26 60 3.3 +2.9
BOUT Innovator IBD Breakout Opportunities ETF 1.6 81 5 2.7 +2.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -2 8.6 +8.2
BKF iShares MSCI BIC ETF 1.6 69 17 13.3 +12.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.6 39 47 -1.3 -1.7
VCR Vanguard Consumer Discretionary ETF 1.6 9 77 4.3 +3.9
CGIE Capital Group International Equity ETF 1.6 54 32 5.1 +4.7
MOTI VanEck Morningstar International Moat ETF 1.5 58 28 11.8 +11.4
STXE Strive Emerging Markets Ex-China ETF 1.5 32 54 7.7 +7.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 56 10.2 +9.8
EMM Global X Emerging Markets ex-China ETF 1.5 75 11 6.4 +6.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 7.0 +6.6
LDEM iShares ESG MSCI EM Leaders ETF 1.5 17 69 13.6 +13.2
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.3 +4.9
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.4 61 25 7.2 +6.8
EEM iShares MSCI Emerging Markets ETF 1.4 69 17 10.1 +9.7
FTHF First Trust Emerging Markets Human Flourishing ETF 1.4 75 11 8.2 +7.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.4 35 51 4.2 +3.8
SFYF SoFi Social 50 ETF 1.4 29 57 0.4 -0.0
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 77 10.3 +9.9
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 26 2.1 +1.7
IWP iShares Russell Mid-Cap Growth ETF 1.3 23 63 3.4 +3.0
FINX Global X FinTech ETF 1.3 68 18 2.2 +1.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 4.6 +4.3
AVEM Avantis Emerging Markets Equity ETF 1.3 33 53 8.5 +8.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 4.6 +4.2
INDA iShares MSCI India ETF 1.2 65 21 4.7 +4.3
FENI Fidelity Enhanced International ETF 1.2 28 58 6.5 +6.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.1 45 41 0.4 -0.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 21 2.1 +1.7
ARKW ARK Next Generation Internet ETF 1.1 87 -1 -0.3 -0.7
IPAC iShares Core MSCI Pacific ETF 1.1 9 77 6.2 +5.8
HAPI Harbor Human Capital Factor US Large Cap ETF 1.1 36 50 4.8 +4.4
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 5.2 +4.8
FFTY Innovator IBD 50 ETF 1.0 80 6 -2.4 -2.7
DTEC ALPS Disruptive Technologies ETF 1.0 50 36 3.9 +3.5
BUZZ VanEck Social Sentiment ETF 1.0 75 11 -0.4 -0.8
EFG iShares MSCI EAFE Growth ETF 1.0 36 50 4.3 +3.9
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 79 10.4 +10.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 28 4.2 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 38 7.3 +7.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.9 59 27 2.7 +2.3
LRGF iShares U.S. Equity Factor ETF 0.9 8 78 5.3 +5.0
SMOT VanEck Morningstar SMID Moat ETF 0.9 49 37 6.5 +6.2
QTOP iShares Nasdaq Top 30 Stocks ETF 0.9 20 66 4.0 +3.6
IYF iShares U.S. Financials ETF 0.9 40 46 5.7 +5.3
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -3 4.8 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 56 5.4 +5.0
GVAL Cambria Global Value ETF 0.9 68 18 10.4 +10.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 37 10.0 +9.6
FEOE First Eagle Overseas Equity ETF 0.8 79 7 7.8 +7.4
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 63 5.7 +5.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 66 2.5 +2.1
PSC Principal U.S. Small-Cap ETF 0.8 38 48 6.8 +6.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.7 49 37 3.7 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 52 7.6 +7.2
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.6 +7.2
EIDO iShares MSCI Indonesia ETF 0.7 59 27 8.3 +7.9
RGEF Rockefeller Global Equity ETF 0.7 55 31 4.7 +4.3
FEGE First Eagle Global Equity ETF 0.7 79 7 6.8 +6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 45 8.5 +8.1
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 79 7.8 +7.4
AIA iShares Asia 50 ETF 0.7 50 36 12.1 +11.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 55 6.2 +5.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 16 7.6 +7.2
QQQ Invesco QQQ Trust Series I 0.7 20 66 4.0 +3.6
QQQM Invesco NASDAQ 100 ETF 0.7 15 71 4.1 +3.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 83 6.9 +6.5
WRND IQ Global Equity R&D Leaders ETF 0.6 18 68 8.1 +7.7
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 51 9.1 +8.7
AVES Avantis Emerging Markets Value ETF 0.6 36 50 10.8 +10.4
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 6 4.3 +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 +3.3
IYC iShares U.S. Consumer Discretionary ETF 0.6 40 46 3.7 +3.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 6.5 +6.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 5.8 +5.4
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 12.1 +11.7
SMIN iShares MSCI India Small Cap ETF 0.6 79 7 4.0 +3.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.6 9 77 4.8 +4.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 47 5.7 +5.3
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 66 4.1 +3.7
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 51 4.6 +4.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 68 5.8 +5.5
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 5.7 +5.3
WWJD Inspire International ETF 0.6 80 6 7.3 +6.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 61 12.5 +12.1
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 68 3.9 +3.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 66 6.8 +6.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.3 +8.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.5 20 66 6.3 +5.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 51 6.6 +6.2
SUSA iShares MSCI USA ESG Select ETF 0.5 25 61 4.7 +4.3
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 76 4.6 +4.2
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 21 5.4 +5.0
EFA iShares MSCI EAFE ETF 0.5 35 51 6.7 +6.3
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 62 7.2 +6.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 50 6.5 +6.1
JETS U.S. Global Jets ETF 0.5 60 26 2.7 +2.3
VPL Vanguard FTSE Pacific ETF 0.5 7 79 6.7 +6.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 5.6 +5.2
IXP iShares Global Comm Services ETF 0.5 42 44 5.4 +5.0
BKIE BNY Mellon International Equity ETF 0.5 4 82 7.0 +6.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 7 4.4 +4.1
AVUS Avantis U.S. Equity ETF 0.5 15 71 5.7 +5.3
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 66 5.0 +4.7
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 27 5.8 +5.4
FPXI First Trust International Equity Opportunities ETF 0.5 70 16 4.2 +3.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 66 6.1 +5.8
ESGV Vanguard ESG U.S. Stock ETF 0.5 9 77 4.7 +4.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 22 2.2 +1.8
GLIN VanEck India Growth Leaders ETF 0.5 77 9 6.9 +6.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 80 4.0 +3.6
ILCG iShares Morningstar Growth ETF 0.4 4 82 3.6 +3.2
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.8 +5.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.1 +4.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 66 5.5 +5.2
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 71 3.4 +3.0
IEFA iShares Core MSCI EAFE ETF 0.4 7 79 7.0 +6.6
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 3.3 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 37 6.7 +6.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 66 6.7 +6.3
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.4 +6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.6 +9.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 33 7.8 +7.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 74 5.9 +5.6
IWO iShares Russell 2000 Growth ETF 0.4 24 62 1.3 +0.9
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 76 1.4 +1.0
IWR iShares Russell Midcap ETF 0.4 19 67 5.7 +5.4
PTL Inspire 500 ETF 0.4 9 77 5.1 +4.7
ACWI iShares MSCI ACWI ETF 0.4 32 54 5.5 +5.1
IXG iShares Global Financials ETF 0.4 42 44 6.5 +6.1
VSGX Vanguard ESG International Stock ETF 0.4 10 76 7.6 +7.2
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 82 6.9 +6.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.4 12 74 4.4 +4.1
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 76 4.9 +4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 56 9.0 +8.6
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 18 3.7 +3.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 47 6.6 +6.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.6 +9.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 9.1 +8.7
VT Vanguard Total World Stock ETF 0.3 6 80 5.8 +5.4
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.0 +5.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 57 9.1 +8.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 36 10.8 +10.4
FLGR Franklin FTSE Germany ETF 0.3 9 77 7.1 +6.7
STXI Strive International Developed Markets ETF 0.3 29 57 6.6 +6.2
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 79 10.0 +9.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.7 +5.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.5 +4.1
RVRB Reverb ETF 0.3 30 56 4.5 +4.1
EWG iShares MSCI Germany ETF 0.3 50 36 6.4 +6.0
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 12.4 +12.0
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 2.9 +2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.1 +4.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 6.9 +6.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.6 +5.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.3 +3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 77 5.2 +4.8
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 4.7 +4.4
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.3 +4.9
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.2 +3.8
OPTZ Optimize Strategy Index ETF 0.3 50 36 4.6 +4.2
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 6.5 +6.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 86 4.9 +4.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 7.0 +6.6
FPAG FPA Global Equity ETF 0.3 49 37 5.7 +5.3
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.3 +3.9
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 4.4 +4.0
APIE ActivePassive International Equity ETF 0.3 45 41 7.4 +7.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 4.9 +4.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 5.6 +5.2
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 28 5.5 +5.1
BLES Inspire Global Hope ETF 0.3 61 25 6.8 +6.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 11.5 +11.1
VXUS Vanguard Total International Stock ETF 0.3 5 81 7.8 +7.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 7.6 +7.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 6.0 +5.6
TPIF Timothy Plan International ETF 0.3 62 24 6.2 +5.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 75 4.8 +4.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 82 8.0 +7.6
TOK iShares MSCI Kokusai ETF 0.3 26 60 5.0 +4.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 6.0 +5.7
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 4.8 +4.4
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 71 4.7 +4.3
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 76 4.3 +3.9
URTH iShares MSCI World ETF 0.3 24 62 5.0 +4.6
VEA Vanguard FTSE Developed Markets ETF 0.3 3 83 7.1 +6.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 8.2 +7.8
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 4.1 +3.7
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 7.8 +7.4
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 10.8 +10.4
SCHF Schwab International Equity ETF 0.2 6 80 7.2 +6.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 44 7.1 +6.7
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.8 +6.4
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.0 +7.6
IWM iShares Russell 2000 ETF 0.2 19 67 4.3 +3.9
VTWO Vanguard Russell 2000 ETF 0.2 7 79 4.3 +3.9
RSSL Global X Russell 2000 ETF 0.2 8 78 4.3 +4.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.6 +5.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.6 +4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 47 5.3 +4.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 18 2.7 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 7.0 +6.6
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.6 +6.2
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 4.5 +4.1
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 4.9 +4.5
PID Invesco International Dividend Achievers ETF 0.2 53 33 5.5 +5.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 6.8 +6.4
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 66 9.5 +9.1
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.4 +3.0
PBUS Invesco MSCI USA ETF 0.2 4 82 4.8 +4.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.1 +5.7
AVSD Avantis Responsible International Equity ETF 0.2 23 63 5.6 +5.2
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 4.2 +3.8
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 71 5.7 +5.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 66 6.4 +6.0
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 5.9 +5.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 5.8 +5.5
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 7.5 +7.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 74 5.5 +5.1
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
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
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 47 5.8 +5.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 51 5.1 +4.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.1 +5.7
VGK Vanguard FTSE Europe ETF 0.2 6 80 7.5 +7.1
FBCG Fidelity Blue Chip Growth ETF 0.2 59 27 2.8 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 8.7 +8.3
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.4 +7.0
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.6 +5.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.2 +5.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.3 +5.9
SMMD iShares Russell 2500 ETF 0.1 15 71 6.1 +5.7
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 7.3 +6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 7.7 +7.4
IWL iShares Russell Top 200 ETF 0.1 15 71 4.6 +4.2
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.1 +7.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.4 +5.0
AVDE Avantis International Equity ETF 0.1 23 63 7.3 +6.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.9 +5.5
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 9.1 +8.7
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.3 +6.9
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.6 +6.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 9.4 +9.0
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.7 +6.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 5.1 +4.8
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.0 +4.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 4.9 +4.5
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 7.8 +7.5
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.8 +4.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.9 +6.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.3 +4.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 6.6 +6.2
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.7 +6.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 5.5 +5.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 72 5.3 +4.9
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.6 +6.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 6.7 +6.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 4.5 +4.1
IEV iShares Europe ETF 0.1 67 19 6.9 +6.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 57 6.3 +6.0
ILCV iShares Morningstar Value ETF 0.1 4 82 6.4 +6.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 7.2 +6.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 61 9.5 +9.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 7.9 +7.5
IWN iShares Russell 2000 Value ETF 0.0 24 62 7.3 +6.9
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 7.3 +6.9
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.4 +7.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 7.8 +7.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.2 +7.8
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.5 +3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 6.7 +6.3
STXG Strive 1000 Growth ETF 0.0 18 68 3.8 +3.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 6.9 +6.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.5 +6.1
STRV Strive 500 ETF 0.0 5 81 4.8 +4.4
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 13.0 +12.6
DFIS Dimensional International Small Cap ETF 0.0 39 47 7.2 +6.8
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.4 +6.0
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 6.5 +6.1
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
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 15.3 +15.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.3 +5.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.2 +6.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 7.0 +6.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.3 +6.9
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 68 3.7 +3.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.3 +6.9
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 7.1 +6.7
EBI Longview Advantage ETF 0.0 35 51 6.5 +6.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.3 +3.9
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 8.6 +8.2

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 4.1 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		 1.50 CATEGORY
AVERAGE		 1.51
 
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.