FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 37.6x P/Sales
ratio		 3.3x
P/BV
ratio		 4.1x 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) $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 43
Wgt avg mkt cap (mns) $59,284
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 February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% 6.5% -- -- -18.4%

Market Correlations
versus... Beta R-squared
S&P500 1.21 74%
MSCI EAFE 1.15 68%
MSCI Emg. Mkts. 1.11 64%

Technical Indicators
Recent close $12.78
30d moving avg. $12.74
Annualized volatility 24.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.1%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 413 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 13.7 +13.4
INQQ India Internet & Ecommerce ETF 55.9 86 0 1.1 +0.8
EPI WisdomTree India Earnings Fund 30.2 85 1 4.7 +4.3
FLIN Franklin FTSE India ETF 27.7 19 67 3.9 +3.6
MINV Matthews Asia Innovators Active ETF 18.4 79 7 7.7 +7.4
DGIN VanEck Digital India ETF 15.9 71 15 2.0 +1.6
CGXU Capital Group International Focus Equity ETF 15.4 54 32 5.9 +5.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.0 60 26 13.3 +12.9
EWS iShares MSCI Singapore ETF 12.8 50 36 5.2 +4.8
XC WisdomTree Emerging Markets Ex-China Fund 12.0 32 54 5.5 +5.2
TOGA Tremblant Global ETF 11.1 69 17 2.5 +2.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.5 20 66 11.3 +10.9
BUYZ Franklin Disruptive Commerce ETF 9.1 50 36 2.6 +2.2
EBIZ Global X E-Commerce ETF 8.9 50 36 4.3 +4.0
ARGT Global X MSCI Argentina ETF 8.7 59 27 4.2 +3.9
FDNI First Trust Dow Jones International Internet ETF 8.7 65 21 19.5 +19.1
ONLN ProShares Online Retail ETF 8.6 58 28 2.6 +2.3
FDCF Fidelity Disruptive Communications ETF 8.3 50 36 3.3 +2.9
OND ProShares On-Demand ETF 8.1 58 28 1.5 +1.2
ISHP First Trust Nasdaq Retail ETF 7.9 60 26 5.5 +5.2
ARKF ARK Fintech Innovation ETF 7.7 75 11 -0.3 -0.6
EWZ iShares MSCI Brazil ETF 7.7 58 28 13.7 +13.3
BRAZ Global X Brazil Active ETF 7.7 75 11 13.1 +12.7
DINT Davis Select International ETF 7.6 55 31 8.3 +8.0
AOTG AOT Growth and Innovation ETF 7.4 75 11 2.4 +2.0
AADR AdvisorShares Dorsey Wright ADR ETF 7.4 110 -24 5.1 +4.7
EPOL iShares MSCI Poland ETF 6.9 59 27 11.6 +11.2
LOUP Innovator Deepwater Frontier Tech ETF 6.8 70 16 1.8 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.5 32 54 7.0 +6.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.5 15 71 10.8 +10.4
XCEM Columbia EM Core ex-China ETF 6.4 16 70 8.5 +8.1
BLOK Amplify Transformational Data Sharing ETF 6.3 75 11 0.4 0.0
BKEM BNY Mellon Emerging Markets Equity ETF 6.2 11 75 11.8 +11.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.2 36 50 11.2 +10.8
MEM Matthews Emerging Markets Equity Active ETF 6.1 79 7 8.5 +8.1
FLAX Franklin FTSE Asia Ex Japan ETF 6.1 19 67 10.8 +10.5
BPAY BlackRock Future Financial and Technology ETF 6.1 70 16 7.5 +7.1
ILF iShares Latin America 40 ETF 6.0 48 38 13.5 +13.1
PNQI Invesco NASDAQ Internet ETF 5.9 60 26 3.8 +3.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 66 20 10.2 +9.8
INDF Nifty India Financials ETF 5.6 75 11 6.6 +6.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.4 75 11 5.9 +5.6
IBUY Amplify Online Retail ETF 5.4 65 21 3.7 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 10.5 +10.2
METV Roundhill Ball Metaverse ETF 5.2 59 27 8.3 +7.9
VICE AdvisorShares Vice ETF 5.0 99 -13 6.2 +5.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.0 33 53 10.6 +10.2
FLKR Franklin FTSE South Korea ETF 4.9 9 77 11.2 +10.8
EWY iShares MSCI South Korea ETF 4.8 58 28 10.5 +10.1
MILN Global X Millennial Consumer ETF 4.8 50 36 3.1 +2.7
KPOP KPOP and Korean Entertainment ETF 4.7 75 11 1.2 +0.9
SOCL Global X Social Media ETF 4.7 65 21 12.9 +12.6
IPO Renaissance IPO ETF 4.6 60 26 4.9 +4.5
BITQ Bitwise Crypto Industry Innovators ETF 4.4 85 1 -2.8 -3.1
CLOD Themes Cloud Computing ETF 4.3 35 51 2.1 +1.8
GVIP Goldman Sachs Hedge Industry VIP ETF 4.3 45 41 3.0 +2.7
EEMO Invesco S&P Emerging Markets Momentum ETF 4.3 29 57 6.2 +5.8
INCO Columbia India Consumer ETF 4.0 75 11 1.8 +1.4
EMM Global X Emerging Markets ex-China ETF 4.0 75 11 5.0 +4.7
AWAY ETFMG Travel Tech ETF 4.0 76 10 0.0 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 24 62 8.3 +8.0
INDA iShares MSCI India ETF 3.9 65 21 4.3 +4.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 41 11.0 +10.7
DWLD Davis Select Worldwide ETF 3.7 63 23 8.5 +8.2
EMC Global X Emerging Markets Great Consumer ETF 3.7 75 11 8.5 +8.1
FRDM Freedom 100 Emerging Markets ETF 3.7 49 37 9.1 +8.7
EPP iShares MSCI Pacific ex-Japan ETF 3.2 47 39 5.7 +5.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 27 13.7 +13.3
CBSE Clough Select Equity ETF 3.1 85 1 1.6 +1.3
EMXF iShares ESG Advanced MSCI EM ETF 3.1 16 70 8.4 +8.1
PEJ Invesco Leisure and Entertainment ETF 3.1 58 28 1.2 +0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 54 9.6 +9.3
PWB Invesco Large Cap Growth ETF 2.9 56 30 3.2 +2.9
IPOS Renaissance International IPO ETF 2.9 80 6 2.4 +2.1
IDX VanEck Indonesia Index ETF 2.9 57 29 8.4 +8.0
EIDO iShares MSCI Indonesia ETF 2.9 59 27 8.5 +8.1
CGGO Capital Group Global Growth Equity ETF 2.9 47 39 5.0 +4.7
TMAT Main Thematic Innovation ETF 2.9 164 -78 -1.5 -1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.9 36 50 8.1 +7.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 11.0 +10.7
PBJ Invesco Food & Beverage ETF 2.8 57 29 4.9 +4.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.8 75 11 3.5 +3.1
MVPA Miller Value Partners Appreciation ETF 2.8 60 26 8.4 +8.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.7 20 66 4.5 +4.1
ESPO VanEck Video Gaming and eSports ETF 2.7 56 30 4.8 +4.4
HERO Global X Video Games & Esports ETF 2.7 50 36 4.6 +4.3
NERD Roundhill Video Games ETF 2.7 50 36 3.9 +3.5
ESGE iShares ESG Aware MSCI EM ETF 2.6 25 61 10.7 +10.3
EMXC iShares MSCI Emerging Markets ex China ETF 2.6 25 61 8.0 +7.6
TMFG Motley Fool Global Opportunities ETF 2.6 85 1 3.5 +3.2
FBZ First Trust Brazil AlphaDEX Fund 2.5 80 6 13.4 +13.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.5 59 27 13.3 +13.0
TRFM AAM Transformers ETF 2.5 49 37 1.9 +1.5
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 1 2.6 +2.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 2.5 80 6 4.8 +4.5
NDIA Global X India Active ETF 2.5 75 11 4.7 +4.4
GINN Goldman Sachs Innovate Equity ETF 2.4 52 34 4.4 +4.0
PIN Invesco India ETF 2.4 78 8 4.3 +3.9
FDTX Fidelity Disruptive Technology ETF 2.3 50 36 3.0 +2.7
MOTI VanEck Morningstar International Moat ETF 2.3 58 28 12.8 +12.5
IWP iShares Russell Mid-Cap Growth ETF 2.3 23 63 3.7 +3.3
WLDR Affinity World Leaders Equity ETF 2.3 67 19 8.0 +7.7
FMET Fidelity Metaverse ETF 2.3 39 47 5.1 +4.8
INDY iShares India 50 ETF 2.2 89 -3 4.6 +4.3
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.2 75 11 4.5 +4.1
BKF iShares MSCI BIC ETF 2.2 69 17 13.0 +12.6
USRD Themes US R&D Champions ETF 2.2 29 57 5.6 +5.3
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 2.1 49 37 2.2 +1.8
STXE Strive Emerging Markets Ex-China ETF 2.1 32 54 8.2 +7.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.1 70 16 9.8 +9.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.1 60 26 4.4 +4.0
OGIG ALPS O'Shares Global Internet Giants ETF 2.1 48 38 1.9 +1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.1 18 68 8.1 +7.8
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 71 0.0 -0.4
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 37 4.8 +4.4
FFTY Innovator IBD 50 ETF 2.0 80 6 -2.5 -2.9
AFK VanEck Africa Index ETF 1.9 98 -12 12.6 +12.3
MOTG VanEck Morningstar Global Wide Moat ETF 1.9 52 34 6.7 +6.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.9 30 56 10.6 +10.2
SFYF SoFi Social 50 ETF 1.8 29 57 0.1 -0.3
FLN First Trust Latin America AlphaDEX Fund 1.8 80 6 10.6 +10.2
EEM iShares MSCI Emerging Markets ETF 1.8 69 17 10.7 +10.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 45 7.1 +6.8
LDEM iShares ESG MSCI EM Leaders ETF 1.8 17 69 12.9 +12.5
ARKW ARK Next Generation Internet ETF 1.8 87 -1 -1.3 -1.7
FDFF Fidelity Disruptive Finance ETF 1.7 50 36 4.1 +3.8
JIG JPMorgan International Growth ETF 1.7 55 31 4.8 +4.5
VCR Vanguard Consumer Discretionary ETF 1.7 10 76 4.9 +4.6
ODDS Pacer BlueStar Digital Entertainment ETF 1.7 60 26 4.9 +4.6
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 77 10.9 +10.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.6 15 71 8.6 +8.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.6 8 78 4.9 +4.5
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 57 5.3 +5.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.5 39 47 -0.5 -0.8
KOMP SPDR S&P Kensho New Economies Composite ETF 1.5 20 66 3.7 +3.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.5 40 46 4.0 +3.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -2 10.3 +9.9
NULC Nuveen ESG Large-Cap ETF 1.5 21 65 5.0 +4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 5.6 +5.2
EEMA iShares MSCI Emerging Markets Asia ETF 1.5 49 37 10.7 +10.4
FFOG Franklin Focused Growth ETF 1.4 61 25 2.8 +2.4
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 3.7 +3.4
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 -3 4.5 +4.1
CGIE Capital Group International Equity ETF 1.3 54 32 5.1 +4.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.3 75 11 10.3 +9.9
FTHF First Trust Emerging Markets Human Flourishing ETF 1.3 75 11 9.8 +9.5
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 79 10.9 +10.6
FXO First Trust Financials AlphaDEX Fund 1.2 62 24 8.5 +8.1
GURU Global X Guru Index ETF 1.2 75 11 4.2 +3.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.2 58 28 4.3 +4.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 51 4.5 +4.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.2 15 71 5.7 +5.3
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.1 20 66 4.5 +4.2
FINX Global X FinTech ETF 1.1 68 18 2.6 +2.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -9 13.1 +12.7
AVEM Avantis Emerging Markets Equity ETF 1.1 33 53 9.7 +9.3
LRGF iShares U.S. Equity Factor ETF 1.0 8 78 6.6 +6.3
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 6.1 +5.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 6 13.6 +13.2
JETS U.S. Global Jets ETF 1.0 60 26 4.2 +3.8
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 2.0 +1.7
DTEC ALPS Disruptive Technologies ETF 1.0 50 36 4.0 +3.7
DEEP Roundhill Acquirers Deep Value ETF 1.0 80 6 19.9 +19.5
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.0 61 25 7.8 +7.5
FPXI First Trust International Equity Opportunities ETF 1.0 70 16 3.9 +3.5
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 37 10.0 +9.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 21 3.5 +3.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 50 5.1 +4.8
IPAC iShares Core MSCI Pacific ETF 0.8 9 77 7.1 +6.8
FENI Fidelity Enhanced International ETF 0.8 28 58 7.0 +6.7
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 27 3.1 +2.7
BUZZ VanEck Social Sentiment ETF 0.8 75 11 -1.3 -1.6
IYF iShares U.S. Financials ETF 0.8 40 46 6.9 +6.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.8 34 52 8.1 +7.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 45 9.4 +9.0
VWO Vanguard FTSE Emerging Markets ETF 0.7 8 78 10.9 +10.5
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 8.2 +7.8
EFG iShares MSCI EAFE Growth ETF 0.7 36 50 4.5 +4.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 16 7.8 +7.4
GLIN VanEck India Growth Leaders ETF 0.7 77 9 6.4 +6.0
QQQ Invesco QQQ Trust Series I 0.7 20 66 4.6 +4.2
AIA iShares Asia 50 ETF 0.7 50 36 14.7 +14.3
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 41 7.0 +6.7
ECON Columbia Emerging Markets Consumer ETF 0.7 49 37 12.9 +12.6
QQQM Invesco NASDAQ 100 ETF 0.7 15 71 4.6 +4.3
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 79 8.3 +8.0
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 38 7.8 +7.4
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 6 9.2 +8.9
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 51 10.2 +9.8
PSC Principal U.S. Small-Cap ETF 0.6 38 48 6.9 +6.6
SMIN iShares MSCI India Small Cap ETF 0.6 79 7 3.3 +2.9
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 63 5.8 +5.5
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 66 4.6 +4.3
IWR iShares Russell Midcap ETF 0.6 19 67 5.8 +5.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 6.0 +5.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 55 6.6 +6.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 56 5.6 +5.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.6 68 18 2.7 +2.4
AVES Avantis Emerging Markets Value ETF 0.6 36 50 12.2 +11.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.5 80 6 13.8 +13.5
IXP iShares Global Comm Services ETF 0.5 42 44 6.7 +6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 65 4.3 +3.9
WRND IQ Global Equity R&D Leaders ETF 0.5 18 68 7.9 +7.5
WWJD Inspire International ETF 0.5 80 6 7.6 +7.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 3 83 7.5 +7.2
AVSU Avantis Responsible U.S. Equity ETF 0.5 15 71 6.4 +6.1
FEP First Trust Europe AlphaDEX Fund 0.5 80 6 9.3 +9.0
SCHE Schwab Emerging Markets Equity ETF 0.5 11 75 11.6 +11.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.5 35 51 4.5 +4.1
VSGX Vanguard ESG International Stock ETF 0.5 12 74 8.2 +7.8
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 71 6.2 +5.9
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 76 4.9 +4.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 4.9 +4.6
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 4.1 +3.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 77 5.0 +4.6
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 58 4.7 +4.4
GLOF iShares Global Equity Factor ETF 0.5 20 66 7.0 +6.6
IDHQ Invesco S&P International Developed High Quality ETF 0.5 29 57 6.7 +6.3
ILCG iShares Morningstar Growth ETF 0.4 4 82 4.1 +3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 47 6.3 +5.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 6 4.7 +4.4
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 73 5.5 +5.1
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 61 12.4 +12.1
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.6 +5.2
VPL Vanguard FTSE Pacific ETF 0.4 8 78 7.7 +7.3
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 5.0 +4.7
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 51 5.6 +5.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 51 5.9 +5.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 47 4.0 +3.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 66 7.1 +6.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 2.5 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 48 9.9 +9.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.7 +8.4
ACWI iShares MSCI ACWI ETF 0.4 32 54 6.1 +5.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 66 6.3 +6.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 66 6.6 +6.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 61 13.5 +13.2
AVUS Avantis U.S. Equity ETF 0.4 15 71 6.6 +6.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 27 7.1 +6.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 4.5 +4.1
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 18 4.7 +4.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 10.1 +9.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 50 6.9 +6.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 78 8.5 +8.1
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 76 5.3 +5.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.4 +5.0
EFA iShares MSCI EAFE ETF 0.4 35 51 7.0 +6.7
VXUS Vanguard Total International Stock ETF 0.4 7 79 8.3 +7.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 62 7.4 +7.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 76 5.3 +5.0
JGRO JPMorgan Active Growth ETF 0.4 44 42 4.0 +3.7
FLGR Franklin FTSE Germany ETF 0.4 9 77 6.8 +6.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 6 10.0 +9.7
VT Vanguard Total World Stock ETF 0.4 7 79 6.4 +6.0
BKIE BNY Mellon International Equity ETF 0.3 4 82 7.3 +7.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 7.2 +6.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 44 6.8 +6.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 1.0 +0.7
IXG iShares Global Financials ETF 0.3 42 44 8.1 +7.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 66 7.6 +7.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 66 5.5 +5.2
OPTZ Optimize Strategy Index ETF 0.3 50 36 5.3 +5.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.2 +3.8
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 7.4 +7.0
RVRB Reverb ETF 0.3 30 56 2.6 +2.2
PTL Inspire 500 ETF 0.3 9 77 5.4 +5.1
FPAG FPA Global Equity ETF 0.3 49 37 6.3 +5.9
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 5.0 +4.6
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 7.1 +6.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 21 12.2 +11.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 79 7.0 +6.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 37 7.3 +7.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 76 3.3 +2.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 4.8 +4.5
PID Invesco International Dividend Achievers ETF 0.3 53 33 5.8 +5.4
EWG iShares MSCI Germany ETF 0.3 50 36 6.5 +6.2
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 7.4 +7.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 78 5.3 +4.9
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.9 +4.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 4.1 +3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 5.2 +4.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 47 7.0 +6.6
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.2 +4.9
BLES Inspire Global Hope ETF 0.3 61 25 6.9 +6.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 6.0 +5.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 6.2 +5.8
IWN iShares Russell 2000 Value ETF 0.3 24 62 5.8 +5.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 7.1 +6.8
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.0 +5.6
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 5.4 +5.1
VTWV Vanguard Russell 2000 Value ETF 0.3 15 71 5.9 +5.6
VOTE TCW Transform 500 ETF 0.3 5 81 5.4 +5.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 7.4 +7.0
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 6.5 +6.2
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 21 5.0 +4.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 7.9 +7.5
TPIF Timothy Plan International ETF 0.2 62 24 6.5 +6.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 5.5 +5.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 5.5 +5.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 5.4 +5.1
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 73 3.4 +3.0
TOK iShares MSCI Kokusai ETF 0.2 26 60 5.0 +4.7
SUSA iShares MSCI USA ESG Select ETF 0.2 25 61 5.0 +4.7
IWF iShares Russell 1000 Growth ETF 0.2 19 67 4.8 +4.4
VONG Vanguard Russell 1000 Growth ETF 0.2 8 78 4.9 +4.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 75 5.5 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 56 9.3 +9.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 5.6 +5.2
IWM iShares Russell 2000 ETF 0.2 19 67 3.6 +3.3
URTH iShares MSCI World ETF 0.2 24 62 5.5 +5.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 66 9.1 +8.7
VTWO Vanguard Russell 2000 ETF 0.2 10 76 3.8 +3.5
RSSL Global X Russell 2000 ETF 0.2 8 78 3.6 +3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 36 11.6 +11.2
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 34 5.6 +5.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.6 +5.3
VEA Vanguard FTSE Developed Markets ETF 0.2 5 81 7.6 +7.2
IPKW Invesco International BuyBack Achievers ETF 0.2 55 31 15.3 +15.0
STXI Strive International Developed Markets ETF 0.2 29 57 6.0 +5.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 5.3 +4.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 7.0 +6.6
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 76 6.1 +5.7
DFEV Dimensional Emerging Markets Value ETF 0.2 43 43 14.5 +14.1
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 5.5 +5.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 61 6.5 +6.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 6.6 +6.2
SCHF Schwab International Equity ETF 0.2 6 80 7.7 +7.4
PBUS Invesco MSCI USA ETF 0.2 4 82 5.4 +5.1
IWO iShares Russell 2000 Growth ETF 0.2 24 62 1.5 +1.1
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 71 1.5 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 11.7 +11.3
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 8.1 +7.8
APIE ActivePassive International Equity ETF 0.2 45 41 7.7 +7.3
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.2 +5.8
IUS Invesco RAFI Strategic US ETF 0.2 19 67 7.3 +6.9
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.4 +6.0
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 7.0 +6.6
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 44 4.1 +3.7
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.8 +3.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 6.0 +5.7
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 71 6.1 +5.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 37 16.7 +16.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 2.8 +2.4
AVSD Avantis Responsible International Equity ETF 0.1 23 63 6.8 +6.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 61 7.5 +7.1
IWV iShares Russell 3000 ETF 0.1 20 66 5.2 +4.8
VTHR Vanguard Russell 3000 ETF 0.1 10 76 5.3 +4.9
IWB iShares Russell 1000 ETF 0.1 15 71 5.4 +5.0
VONE Vanguard Russell 1000 ETF 0.1 8 78 5.5 +5.1
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 7.8 +7.4
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 51 6.5 +6.2
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 46 6.5 +6.1
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.5 +7.1
VGK Vanguard FTSE Europe ETF 0.1 11 75 7.5 +7.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.8 +5.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 66 6.7 +6.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.0 +5.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 27 3.5 +3.1
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 6.4 +6.1
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.6 +8.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 8.6 +8.3
SMMD iShares Russell 2500 ETF 0.1 15 71 6.2 +5.9
QINT American Century Quality Diversified International ETF 0.1 39 47 7.6 +7.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 9.3 +9.0
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 9.2 +8.9
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 6.9 +6.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 6.0 +5.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.1 +5.8
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.3 +7.0
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.8 +6.4
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.0 +6.7
AVDE Avantis International Equity ETF 0.1 23 63 8.0 +7.6
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 47 7.5 +7.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.6 +6.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 6.9 +6.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.2 +4.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 45 6.5 +6.2
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.7 +6.3
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 6.5 +6.2
DFUS Dimensional U.S. Equity ETF 0.1 9 77 5.5 +5.1
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.7 +5.4
IETC iShares U.S. Tech Independence Focused ETF 0.1 18 68 4.7 +4.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.3 +5.0
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 8.5 +8.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.8 +5.5
ILCV iShares Morningstar Value ETF 0.1 4 82 6.8 +6.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 6.2 +5.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 6.8 +6.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 8.2 +7.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 47 8.3 +8.0
IEV iShares Europe ETF 0.0 67 19 6.9 +6.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 47 5.4 +5.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 5.9 +5.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 10.1 +9.8
ARTY iShares Future AI & Tech ETF 0.0 47 39 4.1 +3.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 8.9 +8.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 57 6.6 +6.3
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 77 7.2 +6.9
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.4 +7.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.3 +7.0
STXG Strive 1000 Growth ETF 0.0 18 68 4.0 +3.6
STRV Strive 500 ETF 0.0 5 81 5.4 +5.0
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.7 +6.4
VONV Vanguard Russell 1000 Value ETF 0.0 8 78 6.8 +6.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 5.3 +5.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.8 +6.4
TAX Cambria Tax Aware ETF 0.0 49 37 8.0 +7.6
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.6 +6.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.6 +7.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 7.3 +6.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 6.4 +6.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 6.0 +5.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 5.4 +5.0

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 4.8 %
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		 1.45 CATEGORY
AVERAGE		 1.50
 
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.