FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 36.8x P/Sales
ratio		 3.4x
P/BV
ratio		 4.3x 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) $31
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 $14.33
30d moving avg. $14.59
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 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 14.2 +13.8
INQQ India Internet & Ecommerce ETF 58.5 86 0 1.3 +0.8
EPI WisdomTree India Earnings Fund 30.2 85 1 4.8 +4.4
FLIN Franklin FTSE India ETF 28.4 19 67 4.0 +3.5
MINV Matthews Asia Innovators Active ETF 24.5 79 7 7.1 +6.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.9 60 26 10.8 +10.3
CGXU Capital Group International Focus Equity ETF 17.2 54 32 5.3 +4.9
EWS iShares MSCI Singapore ETF 17.0 50 36 4.4 +4.0
DGIN VanEck Digital India ETF 13.9 71 15 1.3 +0.9
XC WisdomTree Emerging Markets Ex-China Fund 12.7 32 54 5.6 +5.2
BUYZ Franklin Disruptive Commerce ETF 11.2 50 36 2.5 +2.1
FDCF Fidelity Disruptive Communications ETF 11.2 50 36 3.9 +3.4
EWZ iShares MSCI Brazil ETF 10.3 58 28 12.2 +11.8
EBIZ Global X E-Commerce ETF 10.0 50 36 4.1 +3.6
TOGA Tremblant Global ETF 9.9 69 17 1.7 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.8 20 66 9.6 +9.1
ARGT Global X MSCI Argentina ETF 9.8 59 27 3.4 +3.0
OTGL OTG Latin America ETF 9.8 269 -183 8.1 +7.6
DINT Davis Select International ETF 9.7 55 31 7.8 +7.3
AADR AdvisorShares Dorsey Wright ADR ETF 9.4 110 -24 4.9 +4.4
BRAZ Global X Brazil Active ETF 9.2 75 11 11.1 +10.6
ISHP First Trust Nasdaq Retail ETF 9.2 60 26 5.7 +5.2
LOUP Innovator Deepwater Frontier Tech ETF 8.8 70 16 1.0 +0.5
ONLN ProShares Online Retail ETF 8.6 58 28 2.4 +2.0
OND ProShares On-Demand ETF 8.5 58 28 -0.6 -1.0
ILF iShares Latin America 40 ETF 8.2 48 38 11.4 +11.0
EPOL iShares MSCI Poland ETF 7.8 59 27 11.3 +10.8
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 7 7.3 +6.8
FDNI First Trust Dow Jones International Internet ETF 7.4 65 21 23.1 +22.7
VICE AdvisorShares Vice ETF 7.0 99 -13 6.7 +6.2
AOTG AOT Growth and Innovation ETF 7.0 75 11 2.0 +1.5
BPAY BlackRock Future Financial and Technology ETF 6.8 70 16 6.0 +5.5
XCEM Columbia EM Core ex-China ETF 6.8 16 70 7.7 +7.2
ARKF ARK Fintech Innovation ETF 6.7 75 11 0.2 -0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.7 15 71 9.6 +9.1
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 +8.7
EMC Global X Emerging Markets Great Consumer ETF 6.5 75 11 8.7 +8.2
INDF Nifty India Financials ETF 6.4 75 11 6.6 +6.1
FLAX Franklin FTSE Asia Ex Japan ETF 6.3 19 67 8.5 +8.0
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 7.2 +6.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.8 32 54 6.4 +5.9
KPOP KPOP and Korean Entertainment ETF 5.8 75 11 1.4 +0.9
SOCL Global X Social Media ETF 5.8 65 21 11.0 +10.5
BITQ Bitwise Crypto Industry Innovators ETF 5.6 85 1 -2.0 -2.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.3 33 53 7.9 +7.5
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 37 9.5 +9.0
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 9.4 +8.9
AVSE Avantis Responsible Emerging Markets Equity ETF 5.1 33 53 7.9 +7.4
BLOK Amplify Transformational Data Sharing ETF 5.0 75 11 0.5 -0.0
CDIG City Different Investments Global Equity ETF 4.8 75 11 0.6 +0.1
BCOR Grayscale Bitcoin Adopters ETF 4.8 59 27 2.3 +1.8
DWLD Davis Select Worldwide ETF 4.6 63 23 7.2 +6.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.4 24 62 7.3 +6.9
ITOL Tema International Durable Quality ETF 4.2 60 26 5.7 +5.2
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 +9.2
IBUY Amplify Online Retail ETF 4.0 65 21 1.7 +1.2
METV Roundhill Ball Metaverse ETF 3.9 59 27 9.0 +8.5
TMAT Main Thematic Innovation ETF 3.9 164 -78 -1.5 -2.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 11 3.0 +2.5
NDIA Global X India Active ETF 3.7 75 11 5.4 +4.9
JADE JPMorgan Active Developing Markets Equity ETF 3.7 65 21 7.7 +7.2
CLOD Themes Cloud Computing ETF 3.6 35 51 3.4 +2.9
ABLG Abacus FCF International Leaders ETF 3.6 59 27 6.5 +6.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.6 75 11 3.5 +3.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.5 75 11 5.9 +5.4
STRN SMART Trend 25 ETF 3.5 59 27 3.4 +2.9
EWY iShares MSCI South Korea ETF 3.4 58 28 6.6 +6.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.4 32 54 8.5 +8.1
HERO Global X Video Games & Esports ETF 3.3 50 36 4.5 +4.0
ESPO VanEck Video Gaming and eSports ETF 3.3 56 30 5.3 +4.8
FDTX Fidelity Disruptive Technology ETF 3.3 50 36 2.6 +2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 27 8.5 +8.0
SCHE Schwab Emerging Markets Equity ETF 3.3 11 75 10.6 +10.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.3 48 38 2.2 +1.7
FLN First Trust Latin America AlphaDEX Fund 3.3 80 6 11.3 +10.8
EPP iShares MSCI Pacific ex-Japan ETF 3.2 47 39 5.2 +4.7
MILN Global X Millennial Consumer ETF 3.2 50 36 4.1 +3.7
SAMM Strategas Macro Momentum ETF 3.2 66 20 2.3 +1.8
GINN Goldman Sachs Innovate Equity ETF 3.2 52 34 3.6 +3.2
LOGO Alpha Brands Consumption Leaders ETF 3.1 69 17 3.1 +2.6
CBSE Clough Select Equity ETF 3.1 85 1 1.1 +0.7
AWAY ETFMG Travel Tech ETF 3.1 76 10 -0.1 -0.6
CGGO Capital Group Global Growth Equity ETF 3.0 47 39 4.4 +3.9
NERD Roundhill Video Games ETF 2.9 50 36 6.6 +6.1
WLDR Affinity World Leaders Equity ETF 2.9 67 19 7.2 +6.7
ANEW ProShares MSCI Transformational Changes ETF 2.9 45 41 5.3 +4.8
SPYA Twin Oak Endure ETF 2.8 80 6 -0.5 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.8 44 42 10.2 +9.8
FRDM Freedom 100 Emerging Markets ETF 2.8 49 37 7.3 +6.9
MID American Century Mid Cap Growth Impact ETF 2.8 45 41 3.5 +3.0
MVPA Miller Value Partners Appreciation ETF 2.7 60 26 8.9 +8.5
TMFG Motley Fool Global Opportunities ETF 2.5 85 1 4.0 +3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 50 7.2 +6.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.4 20 66 4.7 +4.2
FMET Fidelity Metaverse ETF 2.4 39 47 4.8 +4.3
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 70 7.9 +7.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 68 7.3 +6.8
FDFF Fidelity Disruptive Finance ETF 2.2 50 36 4.7 +4.2
FXO First Trust Financials AlphaDEX Fund 2.2 62 24 8.2 +7.7
JIG JPMorgan International Growth ETF 2.1 55 31 4.7 +4.2
ESGE iShares ESG Aware MSCI EM ETF 2.1 25 61 9.8 +9.3
JOET Virtus Terranova US Quality Momentum ETF 2.1 29 57 4.9 +4.4
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 61 6.9 +6.5
IPOS Renaissance International IPO ETF 2.0 80 6 2.2 +1.7
IDX VanEck Indonesia Index ETF 2.0 57 29 7.0 +6.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 45 7.1 +6.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 71 7.5 +7.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.9 8 78 4.4 +4.0
LGCF Themes US Cash Flow Champions ETF 1.9 30 56 8.1 +7.6
USRD Themes US R&D Champions ETF 1.8 29 57 4.6 +4.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.8 60 26 3.0 +2.6
BKF iShares MSCI BIC ETF 1.8 69 17 13.1 +12.6
NULC Nuveen ESG Large-Cap ETF 1.8 21 65 4.7 +4.2
INDY iShares India 50 ETF 1.8 89 -3 5.0 +4.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.8 80 6 4.9 +4.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 18 6.4 +5.9
FFOG Franklin Focused Growth ETF 1.7 61 25 2.5 +2.0
NULG Nuveen ESG Large-Cap Growth ETF 1.7 26 60 3.4 +2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -2 8.5 +8.1
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.6 39 47 -0.8 -1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 71 7.2 +6.7
CGIE Capital Group International Equity ETF 1.6 54 32 4.9 +4.4
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 61 5.7 +5.3
AFK VanEck Africa Index ETF 1.5 98 -12 14.0 +13.6
EMM Global X Emerging Markets ex-China ETF 1.5 75 11 6.8 +6.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.5 30 56 9.6 +9.2
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.9 +3.5
TRFM AAM Transformers ETF 1.5 49 37 1.2 +0.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 26 5.0 +4.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 46 6.7 +6.2
SFYF SoFi Social 50 ETF 1.5 29 57 1.0 +0.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.5 40 46 3.7 +3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 16 8.5 +8.0
VCR Vanguard Consumer Discretionary ETF 1.4 9 77 4.7 +4.2
FINX Global X FinTech ETF 1.4 68 18 3.0 +2.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.4 35 51 4.1 +3.7
EEM iShares MSCI Emerging Markets ETF 1.4 69 17 9.5 +9.1
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 69 12.8 +12.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 71 4.6 +4.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 1.3 61 25 7.4 +6.9
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 77 9.8 +9.4
AVEM Avantis Emerging Markets Equity ETF 1.3 33 53 8.2 +7.7
EWZS iShares MSCI Brazil Small-Cap ETF 1.2 59 27 11.0 +10.6
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 66 4.3 +3.8
STXE Strive Emerging Markets Ex-China ETF 1.2 32 54 7.5 +7.0
IWP iShares Russell Mid-Cap Growth ETF 1.2 23 63 3.3 +2.8
INDA iShares MSCI India ETF 1.2 65 21 4.5 +4.0
FENI Fidelity Enhanced International ETF 1.2 28 58 6.2 +5.7
DTEC ALPS Disruptive Technologies ETF 1.1 50 36 3.7 +3.2
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 37 4.1 +3.6
IYF iShares U.S. Financials ETF 1.1 40 46 5.9 +5.5
HAPI Harbor Human Capital Factor US Large Cap ETF 1.1 36 50 4.9 +4.5
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.9 +4.4
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
LRGF iShares U.S. Equity Factor ETF 1.0 8 78 5.4 +5.0
YNOT Horizon Digital Frontier ETF 1.0 75 11 3.1 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 38 7.0 +6.5
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 79 10.5 +10.0
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -3 4.8 +4.3
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
EIDO iShares MSCI Indonesia ETF 0.8 59 27 7.7 +7.2
IPAC iShares Core MSCI Pacific ETF 0.8 9 77 6.0 +5.5
FTC First Trust Large Cap Growth AlphaDEX Fund 0.8 59 27 2.0 +1.6
FEOE First Eagle Overseas Equity ETF 0.8 79 7 6.8 +6.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 37 9.3 +8.8
PSC Principal U.S. Small-Cap ETF 0.8 38 48 6.8 +6.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.9 +1.4
GVAL Cambria Global Value ETF 0.7 68 18 10.4 +9.9
EFG iShares MSCI EAFE Growth ETF 0.7 36 50 4.1 +3.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 11 10.0 +9.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.7 20 66 3.0 +2.5
FEGE First Eagle Global Equity ETF 0.7 79 7 6.5 +6.0
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 55 5.9 +5.4
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 66 4.2 +3.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 52 7.3 +6.8
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 56 7.3 +6.9
WRND IQ Global Equity R&D Leaders ETF 0.6 18 68 7.5 +7.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 45 8.2 +7.7
AVES Avantis Emerging Markets Value ETF 0.6 36 50 10.6 +10.1
RAYD Rayliant Quantitative Developed Market Equity ETF 0.6 80 6 4.5 +4.0
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 71 5.8 +5.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.6 21 65 3.7 +3.3
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 11 9.1 +8.7
RGEF Rockefeller Global Equity ETF 0.6 55 31 4.6 +4.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.6 65 21 4.6 +4.1
AIA iShares Asia 50 ETF 0.6 50 36 12.8 +12.3
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 79 7.5 +7.0
QGRW WisdomTree U.S. Quality Growth Fund 0.6 28 58 4.2 +3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 61 6.3 +5.8
ECON Columbia Emerging Markets Consumer ETF 0.6 49 37 11.6 +11.1
QQQ Invesco QQQ Trust Series I 0.6 20 66 4.1 +3.7
QQQM Invesco NASDAQ 100 ETF 0.6 15 71 4.2 +3.7
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 5.7 +5.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 21 2.1 +1.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 71 5.9 +5.5
IYC iShares U.S. Consumer Discretionary ETF 0.6 40 46 3.8 +3.4
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 51 8.7 +8.2
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 73 5.9 +5.4
WWJD Inspire International ETF 0.6 80 6 7.1 +6.6
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 37 3.6 +3.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 61 12.2 +11.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 66 6.5 +6.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 56 5.2 +4.7
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 66 5.3 +4.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 37 6.8 +6.3
SMIN iShares MSCI India Small Cap ETF 0.5 79 7 3.7 +3.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 62 6.8 +6.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 50 6.3 +5.8
IXP iShares Global Comm Services ETF 0.5 42 44 5.7 +5.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 68 5.7 +5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 66 5.3 +4.9
VXF Vanguard Extended Market ETF 0.5 5 81 4.4 +3.9
BKIE BNY Mellon International Equity ETF 0.5 4 82 6.6 +6.1
IXG iShares Global Financials ETF 0.5 42 44 6.5 +6.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.5 49 37 9.5 +9.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 51 6.2 +5.8
AVUS Avantis U.S. Equity ETF 0.5 15 71 5.7 +5.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 68 3.7 +3.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 74 5.7 +5.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 76 5.2 +4.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 66 5.4 +4.9
VPL Vanguard FTSE Pacific ETF 0.4 7 79 6.3 +5.8
SUSA iShares MSCI USA ESG Select ETF 0.4 25 61 4.6 +4.1
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 77 4.8 +4.3
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 3.5 +3.0
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 76 4.7 +4.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 28 9.4 +9.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 66 5.7 +5.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 80 4.2 +3.7
GLOF iShares Global Equity Factor ETF 0.4 20 66 6.6 +6.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.4 79 7 5.8 +5.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 22 1.2 +0.7
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 71 5.7 +5.2
BUZZ VanEck Social Sentiment ETF 0.4 75 11 -0.8 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 57 8.7 +8.3
ILCG iShares Morningstar Growth ETF 0.4 4 82 3.7 +3.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 27 5.8 +5.3
PTL Inspire 500 ETF 0.4 9 77 5.3 +4.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 83 6.7 +6.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.4 20 66 6.1 +5.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.4 12 74 4.6 +4.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 33 7.2 +6.7
IWO iShares Russell 2000 Growth ETF 0.4 24 62 0.8 +0.3
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 76 0.9 +0.5
EFA iShares MSCI EAFE ETF 0.4 35 51 6.4 +5.9
JETS U.S. Global Jets ETF 0.4 60 26 2.8 +2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 47 6.4 +5.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 9.3 +8.8
IWR iShares Russell Midcap ETF 0.3 19 67 6.2 +5.7
ACWI iShares MSCI ACWI ETF 0.3 32 54 5.3 +4.9
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 26 4.9 +4.5
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 7.2 +6.8
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 4.5 +4.0
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 2.9 +2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 56 8.5 +8.0
VT Vanguard Total World Stock ETF 0.3 6 80 5.7 +5.2
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 76 4.9 +4.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 31 8.8 +8.3
IEFA iShares Core MSCI EAFE ETF 0.3 7 79 6.7 +6.2
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 4.9 +4.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.3 7 79 4.8 +4.3
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 61 5.2 +4.8
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 18 3.6 +3.1
VONG Vanguard Russell 1000 Growth ETF 0.3 7 79 4.4 +4.0
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 7.3 +6.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 52 5.8 +5.3
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 61 10.9 +10.4
IWF iShares Russell 1000 Growth ETF 0.3 19 67 4.1 +3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.9 +4.4
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 82 6.3 +5.8
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.3 20 66 6.8 +6.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.3 0 86 4.9 +4.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 48 8.7 +8.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 66 6.6 +6.1
FPAG FPA Global Equity ETF 0.3 49 37 5.6 +5.1
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 79 10.2 +9.8
RVRB Reverb ETF 0.3 30 56 4.5 +4.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 5.7 +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
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 66 6.3 +5.8
TPIF Timothy Plan International ETF 0.3 62 24 6.0 +5.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.3 11 75 4.9 +4.4
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 82 6.6 +6.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 16 7.5 +7.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 78 7.1 +6.6
ILCB iShares Morningstar U.S. Equity ETF 0.3 3 83 4.8 +4.3
OPTZ Optimize Strategy Index ETF 0.3 50 36 4.8 +4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 77 5.5 +5.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 76 4.1 +3.6
PID Invesco International Dividend Achievers ETF 0.3 53 33 5.1 +4.7
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 11 8.4 +7.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.9 +4.4
EWG iShares MSCI Germany ETF 0.2 50 36 6.6 +6.1
VXUS Vanguard Total International Stock ETF 0.2 5 81 7.6 +7.1
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 71 7.7 +7.3
VFVA Vanguard U.S. Value Factor ETF 0.2 13 73 10.5 +10.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 7.6 +7.2
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 71 4.8 +4.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 44 6.6 +6.1
STXI Strive International Developed Markets ETF 0.2 29 57 6.3 +5.8
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 61 7.6 +7.2
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
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 4.2 +3.7
IWM iShares Russell 2000 ETF 0.2 19 67 3.5 +3.0
IUS Invesco RAFI Strategic US ETF 0.2 19 67 6.8 +6.3
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.9 +4.4
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 4.6 +4.2
VTWO Vanguard Russell 2000 ETF 0.2 7 79 3.6 +3.1
GEW Cambria Global EW ETF 0.2 29 57 5.9 +5.4
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 4.1 +3.6
SCHF Schwab International Equity ETF 0.2 6 80 6.8 +6.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 6.9 +6.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.2 20 66 10.2 +9.7
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 6.4 +5.9
GXLC Global X U.S. 500 ETF 0.2 2 84 4.8 +4.3
RSSL Global X Russell 2000 ETF 0.2 8 78 3.5 +3.0
URTH iShares MSCI World ETF 0.2 24 62 4.9 +4.5
TMFC Motley Fool 100 Index ETF 0.2 50 36 3.5 +3.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 80 8.2 +7.7
APIE ActivePassive International Equity ETF 0.2 45 41 7.1 +6.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 57 7.6 +7.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 6.3 +5.8
AVSD Avantis Responsible International Equity ETF 0.2 23 63 5.1 +4.7
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
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 6.2 +5.8
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 +5.6
JHMD John Hancock Multifactor Developed International ETF 0.2 39 47 7.1 +6.7
PBUS Invesco MSCI USA ETF 0.2 4 82 4.8 +4.4
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
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 41 8.3 +7.9
FBCG Fidelity Blue Chip Growth ETF 0.2 59 27 2.8 +2.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 4.6 +4.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 47 4.9 +4.4
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
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 5.4 +4.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.8 +3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.9 +5.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 5.1 +4.7
VGK Vanguard FTSE Europe ETF 0.1 6 80 7.2 +6.7
SPEU SPDR Portfolio Europe ETF 0.1 7 79 7.1 +6.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 6.2 +5.7
SMMD iShares Russell 2500 ETF 0.1 15 71 6.7 +6.2
IWL iShares Russell Top 200 ETF 0.1 15 71 4.5 +4.0
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 6.9 +6.5
QINT American Century Quality Diversified International ETF 0.1 39 47 6.8 +6.3
DAK Dakota Active Equity ETF 0.1 43 43 4.4 +4.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 44 5.2 +4.8
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 +6.6
FLEE Franklin FTSE Europe ETF 0.1 9 77 7.0 +6.5
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 +6.9
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -39 6.9 +6.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.7 +5.3
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 63 8.1 +7.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 7.4 +7.0
RXI iShares Global Consumer Discretionary ETF 0.1 41 45 8.3 +7.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 54 5.0 +4.5
VFMF Vanguard U.S. Multifactor ETF 0.1 18 68 7.7 +7.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 6.8 +6.3
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 7.1 +6.7
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -4 3.8 +3.3
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
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 7.9 +7.4
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 68 5.2 +4.8
EZU iShares MSCI Eurozone ETF 0.1 52 34 6.4 +6.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 83 4.9 +4.4
IYY iShares Dow Jones U.S. ETF 0.1 20 66 4.7 +4.2
SCHK Schwab 1000 Index ETF 0.1 5 81 4.9 +4.4
SCHB Schwab U.S. Broad Market ETF 0.1 3 83 4.9 +4.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 83 4.8 +4.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 6.3 +5.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 4.7 +4.2
IWN iShares Russell 2000 Value ETF 0.1 24 62 6.3 +5.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 69 5.4 +5.0
VTWV Vanguard Russell 2000 Value ETF 0.1 10 76 6.4 +5.9
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 7.0 +6.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 7.5 +7.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 5.3 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 8.9 +8.4
ILCV iShares Morningstar Value ETF 0.0 4 82 6.3 +5.8
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 7.8 +7.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 40 6.5 +6.0
IEV iShares Europe ETF 0.0 67 19 6.6 +6.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 47 6.7 +6.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 7.0 +6.5
XT iShares Exponential Technologies ETF 0.0 46 40 4.5 +4.0
ARTY iShares Future AI & Tech ETF 0.0 47 39 3.5 +3.1
STXG Strive 1000 Growth ETF 0.0 18 68 3.8 +3.3
IEUR iShares Core MSCI Europe ETF 0.0 11 75 7.1 +6.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 6.5 +6.0
STRV Strive 500 ETF 0.0 5 81 4.8 +4.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 43 11.8 +11.3
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
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 6.7 +6.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.8 +4.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 5.3 +4.9
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
DFIS Dimensional International Small Cap ETF 0.0 39 47 7.0 +6.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 62 6.1 +5.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 62 7.1 +6.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 37 14.9 +14.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 45 6.4 +5.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 63 7.1 +6.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 68 6.7 +6.3
EBI Longview Advantage ETF 0.0 35 51 6.7 +6.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 4.4 +4.0
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 66 8.8 +8.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  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 3.8 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.