FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 35.7x P/Sales
ratio		 3.3x
P/BV
ratio		 4.2x 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) $30
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 41
Wgt avg mkt cap (mns) $272,993
Large cap (>$10bn) 75.3%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 1.4%
Developed mkts 15.3%
Emerging mkts 84.7%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 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 November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.1% 5.9% -- -- -12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.77 54%
MSCI EAFE 0.84 47%
MSCI Emg. Mkts. 0.85 53%

Technical Indicators
Recent close $13.91
30d moving avg. $14.16
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 437 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH FMQQ
Ticker Fund
Name		 Overlap1
vs FMQQ
(%)		 Expense
ratio
(bp)		 Savings
vs FMQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FMQQ
(%)
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 71.1 86 0 14.8 +14.2
INQQ India Internet & Ecommerce ETF 58.5 86 0 1.3 +0.8
EPI WisdomTree India Earnings Fund 30.2 85 1 4.8 +4.3
FLIN Franklin FTSE India ETF 28.4 19 67 4.0 +3.4
MINV Matthews Asia Innovators Active ETF 24.5 79 7 7.3 +6.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.9 60 26 10.9 +10.3
CGXU Capital Group International Focus Equity ETF 17.2 54 32 5.4 +4.9
EWS iShares MSCI Singapore ETF 16.8 50 36 4.7 +4.1
DGIN VanEck Digital India ETF 14.1 71 15 1.3 +0.8
XC WisdomTree Emerging Markets Ex-China Fund 12.7 32 54 6.2 +5.7
BUYZ Franklin Disruptive Commerce ETF 11.2 50 36 2.6 +2.0
FDCF Fidelity Disruptive Communications ETF 11.2 50 36 3.9 +3.4
TOGA Tremblant Global ETF 10.1 69 17 1.6 +1.1
EWZ iShares MSCI Brazil ETF 10.1 58 28 13.7 +13.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.8 20 66 9.7 +9.2
ARGT Global X MSCI Argentina ETF 9.8 59 27 3.5 +3.0
DINT Davis Select International ETF 9.7 55 31 7.6 +7.1
EBIZ Global X E-Commerce ETF 9.6 50 36 4.1 +3.6
AADR AdvisorShares Dorsey Wright ADR ETF 9.4 110 -24 4.9 +4.3
OTGL OTG Latin America ETF 9.2 269 -183 8.4 +7.9
BRAZ Global X Brazil Active ETF 9.2 75 11 12.1 +11.5
ISHP First Trust Nasdaq Retail ETF 9.2 60 26 5.7 +5.2
ONLN ProShares Online Retail ETF 8.6 58 28 2.5 +1.9
OND ProShares On-Demand ETF 8.5 58 28 -0.6 -1.1
ILF iShares Latin America 40 ETF 8.2 48 38 12.2 +11.7
LOUP Innovator Deepwater Frontier Tech ETF 8.2 70 16 1.0 +0.5
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 7 7.7 +7.2
EPOL iShares MSCI Poland ETF 7.6 59 27 10.9 +10.4
FDNI First Trust Dow Jones International Internet ETF 7.1 65 21 23.6 +23.1
VICE AdvisorShares Vice ETF 7.0 99 -13 6.7 +6.1
AOTG AOT Growth and Innovation ETF 6.8 75 11 2.0 +1.5
BPAY BlackRock Future Financial and Technology ETF 6.8 70 16 6.5 +6.0
XCEM Columbia EM Core ex-China ETF 6.8 16 70 7.9 +7.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.7 15 71 9.8 +9.3
BKEM BNY Mellon Emerging Markets Equity ETF 6.6 11 75 9.3 +8.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.5 36 50 9.2 +8.6
INDF Nifty India Financials ETF 6.4 75 11 6.6 +6.1
ARKF ARK Fintech Innovation ETF 6.3 75 11 0.2 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 6.3 19 67 8.7 +8.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.2 66 20 9.1 +8.6
PNQI Invesco NASDAQ Internet ETF 6.1 60 26 3.7 +3.2
INCO Columbia India Consumer ETF 6.1 75 11 1.8 +1.3
FLKR Franklin FTSE South Korea ETF 5.9 9 77 7.4 +6.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.8 32 54 6.3 +5.8
KPOP KPOP and Korean Entertainment ETF 5.8 75 11 1.4 +0.9
SOCL Global X Social Media ETF 5.8 65 21 11.1 +10.6
BITQ Bitwise Crypto Industry Innovators ETF 5.6 85 1 -2.1 -2.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.3 33 53 8.0 +7.5
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 9.4 +8.9
GVIP Goldman Sachs Hedge Industry VIP ETF 5.3 45 41 3.2 +2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.2 33 53 9.8 +9.2
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 8.0 +7.5
CDIG City Different Investments Global Equity ETF 5.0 75 11 0.6 +0.1
BLOK Amplify Transformational Data Sharing ETF 5.0 75 11 0.6 +0.0
BCOR Grayscale Bitcoin Adopters ETF 4.7 59 27 2.4 +1.9
DWLD Davis Select Worldwide ETF 4.6 63 23 7.1 +6.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.4 24 62 7.2 +6.7
EMC Global X Emerging Markets Great Consumer ETF 4.2 75 11 8.7 +8.2
IPO Renaissance IPO ETF 4.1 60 26 3.3 +2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.1 45 41 9.7 +9.1
TMAT Main Thematic Innovation ETF 3.9 164 -78 -1.5 -2.0
IBUY Amplify Online Retail ETF 3.9 65 21 1.7 +1.2
ITOL Tema International Durable Quality ETF 3.9 60 26 5.6 +5.1
METV Roundhill Ball Metaverse ETF 3.7 59 27 9.4 +8.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 11 3.0 +2.5
JADE JPMorgan Active Developing Markets Equity ETF 3.7 65 21 8.0 +7.4
NDIA Global X India Active ETF 3.6 75 11 5.3 +4.8
CLOD Themes Cloud Computing ETF 3.5 35 51 3.6 +3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.4 32 54 8.5 +8.0
AWAY ETFMG Travel Tech ETF 3.4 76 10 -0.1 -0.6
ABLG Abacus FCF International Leaders ETF 3.4 59 27 6.5 +6.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.3 75 11 3.6 +3.1
ESPO VanEck Video Gaming and eSports ETF 3.3 56 30 5.5 +5.0
HERO Global X Video Games & Esports ETF 3.3 50 36 4.7 +4.1
FDTX Fidelity Disruptive Technology ETF 3.3 50 36 2.7 +2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 27 8.7 +8.2
EWY iShares MSCI South Korea ETF 3.3 58 28 6.7 +6.2
SCHE Schwab Emerging Markets Equity ETF 3.3 11 75 11.0 +10.5
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.2 75 11 5.8 +5.3
SAMM Strategas Macro Momentum ETF 3.2 66 20 2.3 +1.7
GINN Goldman Sachs Innovate Equity ETF 3.2 52 34 3.7 +3.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.1 48 38 2.3 +1.7
CBSE Clough Select Equity ETF 3.1 85 1 1.2 +0.7
FLN First Trust Latin America AlphaDEX Fund 3.1 80 6 11.9 +11.4
LOGO Alpha Brands Consumption Leaders ETF 3.0 69 17 3.1 +2.6
CGGO Capital Group Global Growth Equity ETF 3.0 47 39 4.4 +3.9
NERD Roundhill Video Games ETF 2.9 50 36 7.0 +6.5
MILN Global X Millennial Consumer ETF 2.9 50 36 4.2 +3.6
WLDR Affinity World Leaders Equity ETF 2.9 67 19 7.6 +7.1
ANEW ProShares MSCI Transformational Changes ETF 2.9 45 41 5.4 +4.8
EPP iShares MSCI Pacific ex-Japan ETF 2.9 47 39 5.3 +4.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.3 +9.8
MID American Century Mid Cap Growth Impact ETF 2.8 45 41 3.6 +3.1
SPYA Twin Oak Endure ETF 2.8 80 6 -0.5 -1.0
FRDM Freedom 100 Emerging Markets ETF 2.6 49 37 7.2 +6.7
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 50 7.5 +7.0
TMFG Motley Fool Global Opportunities ETF 2.4 85 1 4.1 +3.6
FMET Fidelity Metaverse ETF 2.4 39 47 4.8 +4.3
MVPA Miller Value Partners Appreciation ETF 2.4 60 26 8.9 +8.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.3 20 66 4.8 +4.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 68 7.2 +6.7
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 70 8.1 +7.5
FDFF Fidelity Disruptive Finance ETF 2.2 50 36 4.6 +4.1
JIG JPMorgan International Growth ETF 2.1 55 31 4.8 +4.3
JOET Virtus Terranova US Quality Momentum ETF 2.1 29 57 4.9 +4.4
ESGE iShares ESG Aware MSCI EM ETF 2.0 25 61 10.0 +9.5
FXO First Trust Financials AlphaDEX Fund 2.0 62 24 8.0 +7.5
IPOS Renaissance International IPO ETF 2.0 80 6 2.2 +1.6
IDX VanEck Indonesia Index ETF 2.0 57 29 7.0 +6.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 61 7.1 +6.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 45 7.2 +6.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 7.6 +7.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.9 8 78 4.4 +3.9
EMM Global X Emerging Markets ex-China ETF 1.8 75 11 6.8 +6.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.8 60 26 3.1 +2.6
USRD Themes US R&D Champions ETF 1.8 29 57 4.8 +4.2
LGCF Themes US Cash Flow Champions ETF 1.8 30 56 8.3 +7.7
NULC Nuveen ESG Large-Cap ETF 1.8 21 65 5.2 +4.7
BKF iShares MSCI BIC ETF 1.8 69 17 13.4 +12.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.8 80 6 4.9 +4.4
INDY iShares India 50 ETF 1.7 89 -3 5.4 +4.9
AFK VanEck Africa Index ETF 1.7 98 -12 13.4 +12.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 18 6.7 +6.2
FFOG Franklin Focused Growth ETF 1.7 61 25 2.6 +2.1
NULG Nuveen ESG Large-Cap Growth ETF 1.7 26 60 3.5 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -2 8.5 +8.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.6 39 47 -0.8 -1.4
CGIE Capital Group International Equity ETF 1.6 54 32 4.8 +4.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.5 15 71 7.1 +6.6
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.6 +5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 6.8 +6.3
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.9 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.4 30 56 9.6 +9.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.4 60 26 5.0 +4.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.4 35 51 4.2 +3.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.4 40 46 3.8 +3.3
FINX Global X FinTech ETF 1.4 68 18 3.0 +2.5
TRFM AAM Transformers ETF 1.4 49 37 1.3 +0.7
EEM iShares MSCI Emerging Markets ETF 1.4 69 17 9.7 +9.2
VCR Vanguard Consumer Discretionary ETF 1.4 9 77 4.6 +4.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 16 8.6 +8.1
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 69 13.2 +12.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 4.5 +4.0
SFYF SoFi Social 50 ETF 1.3 29 57 1.0 +0.5
AVEM Avantis Emerging Markets Equity ETF 1.3 33 53 8.3 +7.8
EWZS iShares MSCI Brazil Small-Cap ETF 1.2 59 27 12.7 +12.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 4.3 +3.7
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 77 10.0 +9.5
STXE Strive Emerging Markets Ex-China ETF 1.2 32 54 7.5 +7.0
INDA iShares MSCI India ETF 1.2 65 21 4.5 +3.9
FENI Fidelity Enhanced International ETF 1.2 28 58 6.1 +5.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.1 61 25 7.2 +6.7
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 37 4.2 +3.7
DTEC ALPS Disruptive Technologies ETF 1.1 50 36 3.7 +3.2
IWP iShares Russell Mid-Cap Growth ETF 1.1 23 63 3.3 +2.8
GURU Global X Guru Index ETF 1.1 75 11 2.8 +2.2
HAPI Harbor Human Capital Factor US Large Cap ETF 1.1 36 50 5.0 +4.5
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.9 +4.4
IYF iShares U.S. Financials ETF 1.0 40 46 5.9 +5.4
LRGF iShares U.S. Equity Factor ETF 1.0 8 78 5.5 +5.0
ARKW ARK Next Generation Internet ETF 1.0 87 -1 0.8 +0.3
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 1.6 +1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 38 7.0 +6.5
YNOT Horizon Digital Frontier ETF 0.9 75 11 3.2 +2.7
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 79 10.5 +10.0
EIDO iShares MSCI Indonesia ETF 0.8 59 27 7.8 +7.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.8 58 28 4.5 +4.0
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 63 6.0 +5.5
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.8 +4.3
PSC Principal U.S. Small-Cap ETF 0.8 38 48 6.8 +6.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.9 +1.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 37 9.4 +8.9
FEOE First Eagle Overseas Equity ETF 0.8 79 7 6.7 +6.2
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 27 2.0 +1.5
GVAL Cambria Global Value ETF 0.7 68 18 10.5 +10.0
IPAC iShares Core MSCI Pacific ETF 0.7 9 77 6.2 +5.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 11 10.3 +9.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 55 6.3 +5.8
FEGE First Eagle Global Equity ETF 0.7 79 7 6.4 +5.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.7 20 66 3.1 +2.5
EFG iShares MSCI EAFE Growth ETF 0.7 36 50 4.2 +3.7
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 4.3 +3.7
WRND IQ Global Equity R&D Leaders ETF 0.6 18 68 7.7 +7.1
AVES Avantis Emerging Markets Value ETF 0.6 36 50 10.7 +10.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 52 7.3 +6.8
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 56 7.3 +6.8
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 6 4.3 +3.8
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 71 5.8 +5.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.6 21 65 3.8 +3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 45 8.2 +7.7
RGEF Rockefeller Global Equity ETF 0.6 55 31 4.6 +4.1
QGRW WisdomTree U.S. Quality Growth Fund 0.6 28 58 4.3 +3.8
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 11 9.2 +8.7
AIA iShares Asia 50 ETF 0.6 50 36 13.1 +12.6
ECON Columbia Emerging Markets Consumer ETF 0.6 49 37 11.8 +11.3
QQQ Invesco QQQ Trust Series I 0.6 20 66 4.2 +3.7
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 4.3 +3.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.6 9 77 4.8 +4.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 47 5.8 +5.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 6.4 +5.9
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 79 7.6 +7.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.6 65 21 4.5 +4.0
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 6.0 +5.4
WWJD Inspire International ETF 0.6 80 6 7.1 +6.6
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 61 12.4 +11.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 71 5.9 +5.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 37 3.7 +3.2
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 51 8.7 +8.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 66 6.4 +5.9
JETS U.S. Global Jets ETF 0.5 60 26 2.6 +2.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 21 2.1 +1.6
SMIN iShares MSCI India Small Cap ETF 0.5 79 7 3.8 +3.3
IYC iShares U.S. Consumer Discretionary ETF 0.5 40 46 3.8 +3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 37 6.7 +6.2
IXP iShares Global Comm Services ETF 0.5 42 44 6.0 +5.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 62 6.9 +6.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 50 6.4 +5.9
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 66 5.3 +4.8
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 5.8 +5.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.5 +9.0
BKIE BNY Mellon International Equity ETF 0.5 4 82 6.5 +6.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 5.4 +4.9
AVUS Avantis U.S. Equity ETF 0.5 15 71 5.7 +5.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 68 3.8 +3.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 56 5.3 +4.7
IXG iShares Global Financials ETF 0.4 42 44 6.4 +5.9
VXF Vanguard Extended Market ETF 0.4 5 81 4.4 +3.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.3 +4.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 66 5.4 +4.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 51 6.2 +5.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 76 5.0 +4.5
JGRO JPMorgan Active Growth ETF 0.4 44 42 3.6 +3.1
SUSA iShares MSCI USA ESG Select ETF 0.4 25 61 4.7 +4.2
VPL Vanguard FTSE Pacific ETF 0.4 7 79 6.4 +5.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.5 +9.0
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 4.8 +4.2
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.8 +4.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 74 5.7 +5.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.8 +8.3
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.8 +5.3
PTL Inspire 500 ETF 0.4 9 77 5.4 +4.9
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.7 +6.2
ILCG iShares Morningstar Growth ETF 0.4 4 82 3.8 +3.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.4 12 74 4.7 +4.2
BUZZ VanEck Social Sentiment ETF 0.4 75 11 -0.8 -1.3
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 80 4.3 +3.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 83 6.6 +6.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 1.2 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 47 6.3 +5.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.5 +9.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 33 7.2 +6.7
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 27 5.8 +5.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 66 6.0 +5.5
IWO iShares Russell 2000 Growth ETF 0.3 24 62 0.8 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 5.1 +4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 36 10.3 +9.8
FLGR Franklin FTSE Germany ETF 0.3 9 77 7.1 +6.6
VTWG Vanguard Russell 2000 Growth ETF 0.3 10 76 0.9 +0.4
EFA iShares MSCI EAFE ETF 0.3 35 51 6.4 +5.9
VSGX Vanguard ESG International Stock ETF 0.3 10 76 7.5 +7.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 48 4.6 +4.0
ACWI iShares MSCI ACWI ETF 0.3 32 54 5.4 +4.9
VOTE TCW Transform 500 ETF 0.3 5 81 4.9 +4.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 79 5.1 +4.6
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 73 3.0 +2.4
IWR iShares Russell Midcap ETF 0.3 19 67 6.2 +5.7
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 8.5 +8.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 77 5.1 +4.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.3 2 84 5.0 +4.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 79 4.9 +4.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.3 +4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 8.5 +8.0
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 76 5.6 +5.1
SCHC Schwab International Small-Cap Equity ETF 0.3 11 75 7.5 +7.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 5.7 +5.2
VT Vanguard Total World Stock ETF 0.3 6 80 5.8 +5.2
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.9 +4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 86 4.9 +4.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 6.6 +6.1
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 18 3.6 +3.1
FPAG FPA Global Equity ETF 0.3 49 37 5.6 +5.1
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 4.5 +4.0
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 11.0 +10.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.9 +4.4
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 79 10.5 +10.0
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.2 +3.7
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 5.8 +5.2
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 28 5.7 +5.2
BLES Inspire Global Hope ETF 0.3 61 25 6.8 +6.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 8.7 +8.2
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 6.7 +6.2
RVRB Reverb ETF 0.3 30 56 4.6 +4.0
TPIF Timothy Plan International ETF 0.3 62 24 6.0 +5.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 75 4.9 +4.4
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 6.8 +6.2
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.3 +5.8
EWG iShares MSCI Germany ETF 0.3 50 36 6.5 +5.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.3 +5.8
PID Invesco International Dividend Achievers ETF 0.3 53 33 5.2 +4.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 16 7.7 +7.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.2 +3.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 7.2 +6.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.5 +5.0
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 4.8 +4.3
OPTZ Optimize Strategy Index ETF 0.2 50 36 4.8 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 6.7 +6.2
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 11 8.4 +7.9
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 7.7 +7.2
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 10.4 +9.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.9 +4.4
VXUS Vanguard Total International Stock ETF 0.2 5 81 7.7 +7.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 44 6.6 +6.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 7.7 +7.2
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.9 +4.3
AFSM First Trust Active Factor Small Cap ETF 0.2 75 11 7.4 +6.9
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 6.8 +6.3
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 76 4.2 +3.7
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.8 +6.3
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 4.3 +3.8
SCHF Schwab International Equity ETF 0.2 6 80 6.9 +6.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 61 5.4 +4.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 71 4.7 +4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 6.8 +6.2
GEW Cambria Global EW ETF 0.2 29 57 5.9 +5.4
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.3 +5.8
GXLC Global X U.S. 500 ETF 0.2 2 84 4.8 +4.3
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.9 +4.4
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 4.1 +3.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 7.6 +7.1
STXI Strive International Developed Markets ETF 0.2 29 57 6.3 +5.8
IWM iShares Russell 2000 ETF 0.2 19 67 3.5 +3.0
VTWO Vanguard Russell 2000 ETF 0.2 7 79 3.6 +3.1
RSSL Global X Russell 2000 ETF 0.2 8 78 3.5 +3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 57 7.6 +7.1
URTH iShares MSCI World ETF 0.2 24 62 5.0 +4.5
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.5 +3.0
AVSD Avantis Responsible International Equity ETF 0.2 23 63 5.1 +4.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 77 5.0 +4.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 7.1 +6.6
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.3 +5.8
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.2 20 66 10.2 +9.7
APIE ActivePassive International Equity ETF 0.2 45 41 7.0 +6.5
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.2 +7.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 66 6.1 +5.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 6.1 +5.6
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 6.0 +5.5
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 7.0 +6.5
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.3 +5.8
PBUS Invesco MSCI USA ETF 0.2 4 82 4.9 +4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 8.2 +7.7
IWV iShares Russell 3000 ETF 0.2 20 66 4.7 +4.2
VTHR Vanguard Russell 3000 ETF 0.2 7 79 4.8 +4.3
VONE Vanguard Russell 1000 ETF 0.2 7 79 4.9 +4.4
IWB iShares Russell 1000 ETF 0.2 15 71 4.8 +4.3
FBCG Fidelity Blue Chip Growth ETF 0.2 59 27 2.9 +2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 4.9 +4.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 4.7 +4.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 71 5.7 +5.2
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 5.7 +5.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 6.0 +5.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.5 +5.0
VGK Vanguard FTSE Europe ETF 0.1 6 80 7.2 +6.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.8 +3.3
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.0 +6.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.3 +5.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 5.2 +4.7
IWL iShares Russell Top 200 ETF 0.1 15 71 4.5 +4.0
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 7.0 +6.4
QINT American Century Quality Diversified International ETF 0.1 39 47 6.8 +6.3
SMMD iShares Russell 2500 ETF 0.1 15 71 6.7 +6.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.3 +4.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 47 3.0 +2.5
AVDE Avantis International Equity ETF 0.1 23 63 7.0 +6.5
DAK Dakota Active Equity ETF 0.1 43 43 4.5 +4.0
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.1 +7.6
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.9 +6.4
IQSI IQ Candriam International Equity ETF 0.1 15 71 6.2 +5.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 51 7.3 +6.7
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 8.3 +7.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.7 +5.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 7.4 +6.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.0 +4.4
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 7.6 +7.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.8 +6.3
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 6.8 +6.3
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -4 3.8 +3.3
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.4 +5.9
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 7.2 +6.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 7.9 +7.3
DFUS Dimensional U.S. Equity ETF 0.1 9 77 4.8 +4.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 74 5.0 +4.5
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.3 +4.8
SCHX Schwab U.S. Large-Cap ETF 0.1 3 83 5.0 +4.4
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.3 +5.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 4.7 +4.2
IYY iShares Dow Jones U.S. ETF 0.1 20 66 4.8 +4.2
SCHK Schwab 1000 Index ETF 0.1 5 81 5.0 +4.5
SCHB Schwab U.S. Broad Market ETF 0.1 3 83 5.0 +4.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 83 4.8 +4.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 57 6.4 +5.9
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 6.8 +6.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 7.6 +7.0
IWN iShares Russell 2000 Value ETF 0.1 24 62 6.3 +5.8
VTWV Vanguard Russell 2000 Value ETF 0.0 10 76 6.4 +5.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 9.1 +8.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 5.4 +4.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 69 5.5 +5.0
IEV iShares Europe ETF 0.0 67 19 6.5 +6.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 7.5 +7.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.0 37 49 7.7 +7.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 6.6 +6.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 47 6.7 +6.2
ILCV iShares Morningstar Value ETF 0.0 4 82 6.3 +5.8
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.1 +6.5
XT iShares Exponential Technologies ETF 0.0 46 40 4.9 +4.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.1 +6.6
STXG Strive 1000 Growth ETF 0.0 18 68 3.9 +3.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.5 +6.0
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 11.9 +11.4
STRV Strive 500 ETF 0.0 5 81 4.8 +4.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 45 6.4 +5.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.6 +6.1
IWD iShares Russell 1000 Value ETF 0.0 19 67 6.4 +5.9
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 6.5 +6.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.9 +4.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.4 +4.8
DFIS Dimensional International Small Cap ETF 0.0 39 47 6.9 +6.4
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 37 5.9 +5.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 7.2 +6.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.1 +5.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.0 +6.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 15.0 +14.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.0 +6.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 6.7 +6.2
EBI Longview Advantage ETF 0.0 35 51 6.7 +6.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.5 +4.0
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 8.7 +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 3.7 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

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

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

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

 

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