FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 38.7x P/Sales
ratio		 3.4x
P/BV
ratio		 4.4x 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 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 9.0 %
MERCADOLIBRE INC 8.2 %
NU HOLDINGS LTD. CLASS A 6.0 %
BAJAJ FINANCE LIMITED 5.9 %
KASPI.KZ JSC SPONSORED GDR REGS 4.6 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 4.4 %
ZOMATO LTD. 4.0 %
PB FINTECH LIMITED 3.6 %
MAKEMYTRIP LTD 3.4 %
Total 80.3 %

TOP COUNTRY EXPOSURE
INDIA 54.5 %
SINGAPORE 13.4 %
ARGENTINA 8.7 %
SOUTH KOREA 8.5 %
CAYMAN ISLANDS 6.0 %
BRAZIL 5.9 %
KAZAKHSTAN 4.6 %
POLAND 4.3 %
INDONESIA 2.9 %
LUXEMBOURG 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.4% 14.6% -- -- -13.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 55%
MSCI EAFE 0.84 45%
MSCI Emg. Mkts. 0.91 56%

Technical Indicators
Recent close $15.09
30d moving avg. $14.61
Annualized volatility 20.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 432 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 63.4 86 0 13.6 +13.2
INQQ India Internet & Ecommerce ETF 55.9 86 0 1.3 +0.9
EPI WisdomTree India Earnings Fund 30.2 85 1 5.3 +4.9
FLIN Franklin FTSE India ETF 27.7 19 67 4.2 +3.8
MINV Matthews Asia Innovators Active ETF 18.4 79 7 7.4 +7.0
CGXU Capital Group International Focus Equity ETF 15.4 54 32 5.6 +5.2
DGIN VanEck Digital India ETF 15.1 71 15 2.2 +1.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.0 60 26 11.1 +10.7
EWS iShares MSCI Singapore ETF 13.2 50 36 4.9 +4.5
XC WisdomTree Emerging Markets Ex-China Fund 12.0 32 54 6.3 +5.9
FDNI First Trust Dow Jones International Internet ETF 11.2 65 21 21.3 +20.9
EBIZ Global X E-Commerce ETF 10.1 50 36 3.8 +3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.5 20 66 10.9 +10.5
BUYZ Franklin Disruptive Commerce ETF 9.1 50 36 2.2 +1.8
TOGA Tremblant Global ETF 9.1 69 17 1.8 +1.4
ONLN ProShares Online Retail ETF 8.6 58 28 2.0 +1.6
FDCF Fidelity Disruptive Communications ETF 8.3 50 36 2.8 +2.4
ARGT Global X MSCI Argentina ETF 8.2 59 27 4.5 +4.1
OND ProShares On-Demand ETF 8.1 58 28 0.7 +0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.9 80 6 5.2 +4.8
ISHP First Trust Nasdaq Retail ETF 7.9 60 26 5.4 +5.0
EWZ iShares MSCI Brazil ETF 7.8 58 28 13.2 +12.8
DINT Davis Select International ETF 7.6 55 31 8.1 +7.7
AADR AdvisorShares Dorsey Wright ADR ETF 7.4 110 -24 4.9 +4.5
BRAZ Global X Brazil Active ETF 7.3 75 11 12.6 +12.2
EPOL iShares MSCI Poland ETF 6.9 59 27 11.3 +10.8
EMC Global X Emerging Markets Great Consumer ETF 6.8 75 11 11.0 +10.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.5 32 54 7.0 +6.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.5 15 71 10.4 +10.0
XCEM Columbia EM Core ex-China ETF 6.4 16 70 8.4 +8.0
AOTG AOT Growth and Innovation ETF 6.3 75 11 1.7 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 6.2 11 75 10.2 +9.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.2 36 50 10.0 +9.6
MEM Matthews Emerging Markets Equity Active ETF 6.1 79 7 8.1 +7.7
FLAX Franklin FTSE Asia Ex Japan ETF 6.1 19 67 9.4 +9.0
BPAY BlackRock Future Financial and Technology ETF 6.1 70 16 7.5 +7.0
ILF iShares Latin America 40 ETF 6.0 48 38 12.9 +12.5
PNQI Invesco NASDAQ Internet ETF 5.9 60 26 3.3 +2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.9 95 -9 11.8 +11.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 66 20 9.7 +9.3
ARKF ARK Fintech Innovation ETF 5.8 75 11 -0.4 -0.9
INDF Nifty India Financials ETF 5.6 75 11 8.6 +8.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.4 33 53 8.8 +8.4
LOUP Innovator Deepwater Frontier Tech ETF 5.3 70 16 1.3 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 10.3 +9.9
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 8.6 +8.2
ABLG Abacus FCF International Leaders ETF 5.0 59 27 6.9 +6.5
VICE AdvisorShares Vice ETF 5.0 99 -13 6.0 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.0 33 53 10.2 +9.8
FLKR Franklin FTSE South Korea ETF 4.9 9 77 9.4 +9.0
BLOK Amplify Transformational Data Sharing ETF 4.7 75 11 -0.4 -0.8
KPOP KPOP and Korean Entertainment ETF 4.7 75 11 2.0 +1.6
SOCL Global X Social Media ETF 4.7 65 21 8.9 +8.5
IPO Renaissance IPO ETF 4.6 60 26 3.4 +3.0
EWY iShares MSCI South Korea ETF 4.6 58 28 8.7 +8.3
BITQ Bitwise Crypto Industry Innovators ETF 4.4 85 1 -2.6 -3.0
BCOR Grayscale Bitcoin Adopters ETF 4.3 59 27 2.5 +2.1
GVIP Goldman Sachs Hedge Industry VIP ETF 4.3 45 41 3.3 +2.9
IBUY Amplify Online Retail ETF 4.2 65 21 0.9 +0.4
CLOD Themes Cloud Computing ETF 4.2 35 51 3.2 +2.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.2 75 11 4.7 +4.3
INCO Columbia India Consumer ETF 4.0 75 11 1.9 +1.5
OGIG ALPS O'Shares Global Internet Giants ETF 4.0 48 38 1.6 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 24 62 8.2 +7.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 41 10.5 +10.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 3.9 75 11 9.7 +9.3
METV Roundhill Ball Metaverse ETF 3.8 59 27 7.8 +7.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.7 29 57 6.6 +6.2
DWLD Davis Select Worldwide ETF 3.7 63 23 7.2 +6.8
NDIA Global X India Active ETF 3.6 75 11 5.0 +4.6
SCHE Schwab Emerging Markets Equity ETF 3.5 11 75 11.1 +10.7
AWAY ETFMG Travel Tech ETF 3.4 76 10 -0.9 -1.3
FRDM Freedom 100 Emerging Markets ETF 3.4 49 37 8.5 +8.1
MILN Global X Millennial Consumer ETF 3.3 50 36 3.6 +3.2
EPP iShares MSCI Pacific ex-Japan ETF 3.3 47 39 5.1 +4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 27 9.0 +8.6
CBSE Clough Select Equity ETF 3.1 85 1 0.9 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 54 9.3 +8.9
LIVR Intelligent Livermore ETF 2.9 69 17 5.4 +5.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.9 65 21 4.3 +3.9
IPOS Renaissance International IPO ETF 2.9 80 6 2.3 +1.9
IDX VanEck Indonesia Index ETF 2.9 57 29 7.2 +6.8
CGGO Capital Group Global Growth Equity ETF 2.9 47 39 4.7 +4.3
TMAT Main Thematic Innovation ETF 2.9 164 -78 -1.5 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.9 36 50 8.0 +7.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.7 +10.2
TMFG Motley Fool Global Opportunities ETF 2.8 85 1 3.9 +3.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.8 75 11 3.1 +2.7
SAMM Strategas Macro Momentum ETF 2.8 66 20 2.4 +2.0
MVPA Miller Value Partners Appreciation ETF 2.8 60 26 9.3 +8.9
ESPO VanEck Video Gaming and eSports ETF 2.7 56 30 3.9 +3.5
HERO Global X Video Games & Esports ETF 2.7 50 36 3.8 +3.4
NERD Roundhill Video Games ETF 2.6 50 36 3.1 +2.7
FEM First Trust Emerging Markets AlphaDEX Fund 2.6 80 6 11.2 +10.8
AFK VanEck Africa Index ETF 2.5 98 -12 12.0 +11.6
MID American Century Mid Cap Growth Impact ETF 2.5 45 41 3.1 +2.7
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 27 10.1 +9.7
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.5 75 11 4.4 +4.0
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 1 2.0 +1.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.4 49 37 3.8 +3.4
GINN Goldman Sachs Innovate Equity ETF 2.4 52 34 3.7 +3.3
LOGO Alpha Brands Consumption Leaders ETF 2.4 69 17 3.1 +2.7
FDTX Fidelity Disruptive Technology ETF 2.3 50 36 2.7 +2.3
LGCF Themes US Cash Flow Champions ETF 2.3 30 56 8.2 +7.8
WLDR Affinity World Leaders Equity ETF 2.3 67 19 7.5 +7.1
FMET Fidelity Metaverse ETF 2.3 39 47 4.7 +4.3
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 61 10.4 +10.0
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 70 8.6 +8.2
FOVL iShares Focused Value Factor ETF 2.1 25 61 10.7 +10.3
SPYA Twin Oak Endure ETF 2.1 80 6 -2.1 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 68 7.9 +7.5
EMXC iShares MSCI Emerging Markets ex China ETF 2.1 25 61 7.8 +7.4
FXO First Trust Financials AlphaDEX Fund 1.9 62 24 8.1 +7.7
INDY iShares India 50 ETF 1.9 89 -3 5.1 +4.7
TRFM AAM Transformers ETF 1.9 49 37 1.3 +0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 45 7.5 +7.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 16 9.5 +9.1
INDA iShares MSCI India ETF 1.7 65 21 4.8 +4.3
STXE Strive Emerging Markets Ex-China ETF 1.7 32 54 7.9 +7.5
FDFF Fidelity Disruptive Finance ETF 1.7 50 36 4.2 +3.8
JIG JPMorgan International Growth ETF 1.7 55 31 4.8 +4.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 26 4.6 +4.2
LDEM iShares ESG MSCI EM Leaders ETF 1.7 17 69 14.1 +13.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.7 40 46 3.7 +3.3
MOTI VanEck Morningstar International Moat ETF 1.7 58 28 12.0 +11.6
VCR Vanguard Consumer Discretionary ETF 1.7 9 77 4.3 +3.9
USRD Themes US R&D Champions ETF 1.7 29 57 4.5 +4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 71 8.1 +7.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.6 8 78 4.4 +4.0
BKF iShares MSCI BIC ETF 1.6 69 17 13.8 +13.4
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 4.7 +4.3
EIDO iShares MSCI Indonesia ETF 1.6 59 27 8.1 +7.7
EMM Global X Emerging Markets ex-China ETF 1.6 75 11 6.5 +6.1
XCNY SPDR S&P Emerging Markets ex-China ETF 1.5 15 71 7.8 +7.4
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.5 39 47 -1.4 -1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -2 8.9 +8.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 56 10.6 +10.2
NULC Nuveen ESG Large-Cap ETF 1.5 21 65 4.6 +4.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 7.2 +6.8
FTHF First Trust Emerging Markets Human Flourishing ETF 1.5 75 11 8.6 +8.2
EEM iShares MSCI Emerging Markets ETF 1.4 69 17 10.5 +10.1
FFOG Franklin Focused Growth ETF 1.4 61 25 2.4 +1.9
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 3.3 +2.9
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 77 10.6 +10.2
SFYF SoFi Social 50 ETF 1.3 29 57 0.4 -0.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.3 61 25 7.1 +6.7
CGIE Capital Group International Equity ETF 1.3 54 32 5.1 +4.7
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 26 2.1 +1.7
FINX Global X FinTech ETF 1.2 68 18 2.2 +1.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.2 68 18 2.8 +2.4
PWB Invesco Large Cap Growth ETF 1.2 56 30 3.1 +2.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 51 4.2 +3.8
IWP iShares Russell Mid-Cap Growth ETF 1.2 23 63 3.4 +3.0
IDMO Invesco S&P International Developed Momentum ETF 1.1 25 61 5.3 +4.9
ARKW ARK Next Generation Internet ETF 1.1 87 -1 -0.3 -0.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.1 15 71 4.7 +4.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 21 2.1 +1.6
GURU Global X Guru Index ETF 1.1 75 11 3.0 +2.6
BUZZ VanEck Social Sentiment ETF 1.1 75 11 -0.4 -0.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.1 20 66 4.6 +4.2
AVEM Avantis Emerging Markets Equity ETF 1.1 33 53 8.8 +8.4
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 5.2 +4.8
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 0.4 -0.0
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 37 10.4 +10.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 28 4.2 +3.8
DTEC ALPS Disruptive Technologies ETF 0.9 50 36 3.9 +3.5
GVAL Cambria Global Value ETF 0.9 68 18 10.5 +10.1
QTOP iShares Nasdaq Top 30 Stocks ETF 0.9 20 66 4.1 +3.6
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 79 10.7 +10.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 50 4.8 +4.4
IPAC iShares Core MSCI Pacific ETF 0.8 9 77 6.3 +5.9
LRGF iShares U.S. Equity Factor ETF 0.8 8 78 5.4 +5.0
FEOE First Eagle Overseas Equity ETF 0.8 79 7 8.0 +7.6
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 27 2.7 +2.3
SMOT VanEck Morningstar SMID Moat ETF 0.8 49 37 6.4 +6.0
FENI Fidelity Enhanced International ETF 0.8 28 58 6.6 +6.2
EFG iShares MSCI EAFE Growth ETF 0.8 36 50 4.4 +3.9
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.8 +4.4
IYF iShares U.S. Financials ETF 0.8 40 46 5.7 +5.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 66 2.5 +2.1
FEGE First Eagle Global Equity ETF 0.7 79 7 7.0 +6.6
RGEF Rockefeller Global Equity ETF 0.7 55 31 4.8 +4.4
AIA iShares Asia 50 ETF 0.7 50 36 12.9 +12.5
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 41 6.1 +5.7
ECON Columbia Emerging Markets Consumer ETF 0.7 49 37 12.6 +12.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 45 8.7 +8.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 16 7.8 +7.4
QQQ Invesco QQQ Trust Series I 0.7 20 66 4.1 +3.6
QQQM Invesco NASDAQ 100 ETF 0.7 15 71 4.1 +3.7
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.7 49 37 3.8 +3.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 38 7.5 +7.1
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 51 9.4 +9.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 52 7.8 +7.3
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.7 +7.3
PSC Principal U.S. Small-Cap ETF 0.6 38 48 6.8 +6.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 56 5.5 +5.1
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 5.7 +5.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 21 3.5 +3.1
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 79 7.9 +7.5
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 51 4.6 +4.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 6.3 +5.9
SMIN iShares MSCI India Small Cap ETF 0.6 79 7 4.1 +3.6
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 66 4.1 +3.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 5.9 +5.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 83 7.0 +6.6
AVES Avantis Emerging Markets Value ETF 0.6 36 50 11.1 +10.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 68 5.8 +5.4
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 3.7 +3.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.6 +9.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 3.7 +3.3
WRND IQ Global Equity R&D Leaders ETF 0.5 18 68 8.2 +7.8
WWJD Inspire International ETF 0.5 80 6 7.3 +6.9
FPXI First Trust International Equity Opportunities ETF 0.5 70 16 4.2 +3.8
AVSU Avantis Responsible U.S. Equity ETF 0.5 15 71 6.0 +5.5
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 76 4.5 +4.1
IXP iShares Global Comm Services ETF 0.5 42 44 5.6 +5.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 7 4.5 +4.1
JETS U.S. Global Jets ETF 0.5 60 26 2.6 +2.2
VPL Vanguard FTSE Pacific ETF 0.5 7 79 6.8 +6.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 77 4.9 +4.4
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 58 4.2 +3.7
GLIN VanEck India Growth Leaders ETF 0.5 77 9 7.1 +6.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 5.6 +5.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 6.2 +5.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 61 6.6 +6.2
ILCG iShares Morningstar Growth ETF 0.4 4 82 3.6 +3.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 5.8 +5.3
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 6 4.4 +4.0
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 21 5.4 +5.0
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 73 5.7 +5.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 51 6.6 +6.2
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.7 +4.3
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 71 3.5 +3.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 66 6.3 +5.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 2.2 +1.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 27 5.8 +5.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 37 6.8 +6.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 66 6.9 +6.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 33 7.9 +7.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 80 3.9 +3.5
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.8 +5.4
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.5 +6.1
EFA iShares MSCI EAFE ETF 0.4 35 51 6.7 +6.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 3.9 +3.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 61 13.0 +12.6
AVUS Avantis U.S. Equity ETF 0.4 15 71 5.7 +5.3
VSGX Vanguard ESG International Stock ETF 0.4 10 76 7.7 +7.3
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 76 4.9 +4.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.8 +9.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 50 6.5 +6.1
ACWI iShares MSCI ACWI ETF 0.4 32 54 5.5 +5.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.1 +4.7
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 62 7.2 +6.8
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 3.4 +3.0
FLGR Franklin FTSE Germany ETF 0.4 9 77 7.0 +6.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.7 +9.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 9.3 +8.9
IWR iShares Russell Midcap ETF 0.3 19 67 5.7 +5.3
BKIE BNY Mellon International Equity ETF 0.3 4 82 7.0 +6.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 57 9.2 +8.8
IWO iShares Russell 2000 Growth ETF 0.3 24 62 1.3 +0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 44 7.2 +6.8
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 7.0 +6.6
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 79 10.3 +9.9
VTWG Vanguard Russell 2000 Growth ETF 0.3 10 76 1.4 +1.0
VT Vanguard Total World Stock ETF 0.3 6 80 5.9 +5.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 6.0 +5.6
OPTZ Optimize Strategy Index ETF 0.3 50 36 4.6 +4.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.3 +3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 66 5.5 +5.1
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 18 3.8 +3.4
IXG iShares Global Financials ETF 0.3 42 44 6.5 +6.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.2 +4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 9.2 +8.8
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.2 +3.8
PTL Inspire 500 ETF 0.3 9 77 5.2 +4.8
FPAG FPA Global Equity ETF 0.3 49 37 5.7 +5.3
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.0 +5.6
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 7.0 +6.6
RVRB Reverb ETF 0.3 30 56 4.5 +4.1
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 6.6 +6.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.7 +5.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 4.9 +4.5
EWG iShares MSCI Germany ETF 0.3 50 36 6.2 +5.8
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 7.7 +7.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 4.5 +4.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 11.9 +11.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 6.1 +5.7
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.5 +4.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 82 8.1 +7.7
VXUS Vanguard Total International Stock ETF 0.3 5 81 7.9 +7.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 6.9 +6.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.7 +6.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.7 +5.3
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 76 4.3 +3.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 6.1 +5.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 47 6.7 +6.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.1 +4.6
BLES Inspire Global Hope ETF 0.3 61 25 6.8 +6.4
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 4.8 +4.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 12.5 +12.1
STXI Strive International Developed Markets ETF 0.3 29 57 6.7 +6.3
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 21 4.1 +3.7
VEA Vanguard FTSE Developed Markets ETF 0.3 3 83 7.2 +6.8
VOTE TCW Transform 500 ETF 0.3 5 81 4.8 +4.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 7.1 +6.7
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.4 +4.9
TOK iShares MSCI Kokusai ETF 0.2 26 60 5.0 +4.6
SUSA iShares MSCI USA ESG Select ETF 0.2 25 61 4.7 +4.3
IWF iShares Russell 1000 Growth ETF 0.2 19 67 4.4 +4.0
VONG Vanguard Russell 1000 Growth ETF 0.2 7 79 4.4 +4.0
TPIF Timothy Plan International ETF 0.2 62 24 6.2 +5.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 4.9 +4.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 4.9 +4.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.8 +4.4
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 3.0 +2.6
APIE ActivePassive International Equity ETF 0.2 45 41 7.6 +7.1
URTH iShares MSCI World ETF 0.2 24 62 5.1 +4.7
SCHF Schwab International Equity ETF 0.2 6 80 7.3 +6.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 4.9 +4.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.2 +4.8
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 8.2 +7.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 36 11.1 +10.7
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 34 5.5 +5.1
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.4 +5.0
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.9 +6.5
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.7 +4.3
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 4.2 +3.8
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 4.9 +4.5
RSSL Global X Russell 2000 ETF 0.2 8 78 4.4 +4.0
PID Invesco International Dividend Achievers ETF 0.2 53 33 5.5 +5.1
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
PBUS Invesco MSCI USA ETF 0.2 4 82 4.8 +4.4
VTWO Vanguard Russell 2000 ETF 0.2 7 79 4.3 +3.9
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 10.8 +10.4
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 7.7 +7.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 47 5.3 +4.9
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 66 9.4 +9.0
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.6 +6.2
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.5 +3.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.6 +5.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 6.8 +6.3
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.1 +5.6
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 4.5 +4.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.0 +5.6
VGK Vanguard FTSE Europe ETF 0.2 6 80 7.5 +7.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.6 +4.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 8.8 +8.4
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 71 5.7 +5.3
IWV iShares Russell 3000 ETF 0.1 20 66 4.7 +4.3
VTHR Vanguard Russell 3000 ETF 0.1 7 79 4.8 +4.4
AVSD Avantis Responsible International Equity ETF 0.1 23 63 5.7 +5.3
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.4 +7.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 61 7.1 +6.7
IWB iShares Russell 1000 ETF 0.1 15 71 4.8 +4.4
VONE Vanguard Russell 1000 ETF 0.1 7 79 4.9 +4.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 5.1 +4.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.5 +5.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 5.8 +5.4
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.6 +7.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 51 5.9 +5.4
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 46 5.8 +5.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 66 6.5 +6.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.2 +5.8
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 2.8 +2.4
SMMD iShares Russell 2500 ETF 0.1 15 71 6.1 +5.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.7 +5.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 7.9 +7.5
QINT American Century Quality Diversified International ETF 0.1 39 47 7.3 +6.9
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.2 +7.8
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 9.3 +8.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.3 +5.9
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.0 +6.6
IWL iShares Russell Top 200 ETF 0.1 15 71 4.6 +4.2
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.8 +6.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 5.3 +4.9
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.3 +6.9
AVDE Avantis International Equity ETF 0.1 23 63 7.4 +7.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.9 +6.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 9.3 +8.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.4 +5.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 6.8 +6.4
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.0 +4.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.9 +5.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.7 +6.3
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.8 +4.4
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.6 +6.2
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.3 +4.9
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 7.9 +7.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.6 +6.2
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
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 6.8 +6.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 61 9.6 +9.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 6.7 +6.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 7.9 +7.5
IEV iShares Europe ETF 0.1 67 19 6.9 +6.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 7.9 +7.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 57 4.4 +4.0
IWN iShares Russell 2000 Value ETF 0.0 24 62 7.3 +6.9
ILCV iShares Morningstar Value ETF 0.0 4 82 6.4 +6.0
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 7.3 +6.9
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.6 +3.2
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.4 +7.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.3 +7.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 6.4 +6.0
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 7.2 +6.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.0 +6.6
STXG Strive 1000 Growth ETF 0.0 18 68 3.8 +3.4
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 13.4 +13.0
STRV Strive 500 ETF 0.0 5 81 4.8 +4.4
DFIS Dimensional International Small Cap ETF 0.0 39 47 7.3 +6.9
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
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 15.9 +15.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.8 +4.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.5 +6.1
TAX Cambria Tax Aware ETF 0.0 49 37 5.0 +4.6
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 7.4 +7.0
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.3 +4.9
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 7.4 +7.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.3 +5.9
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 4.4 +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 4.0 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 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.