Goldman Sachs ActiveBeta Emerging Markets Equity ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 10.9x P/Sales
ratio		 1.0x
P/BV
ratio		 1.4x Div.
yield		 3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GEM tracks an index of emerging market stocks comprising 4 subindexes: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Goldman Sachs
Website assetmanagement.gs.com
Inception date Sep 25, 2015
Assets (mns) $931
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 761
Wgt avg mkt cap (mns) $111,439
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 28.9%
Small cap (<$2bn) 0.4%
Developed mkts 4.6%
Emerging mkts 95.4%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 6.7 %
SAMSUNG ELECTRONICS CO LTD 3.4 %
TENCENT HOLDINGS LTD 2.8 %
ALIBABA GROUP HOLDING LTD. 1.7 %
RELIANCE INDUSTRIES LTD 1.0 %
INFOSYS TECHNOLOGIES LTD 0.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 0.7 %
TATA CONSULTANCY SVS LTD 0.7 %
CHINA CONSTRUCTION BANK-H 0.7 %
MEDIATEK INC 0.7 %
Total 19.3 %

TOP COUNTRY EXPOSURE
CHINA 27.2 %
INDIA 16.6 %
TAIWAN 16.3 %
SOUTH KOREA 11.9 %
BRAZIL 5.4 %
SAUDI ARABIA 4.1 %
SOUTH AFRICA 2.7 %
MEXICO 2.6 %
INDONESIA 1.8 %
HONG KONG 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.0% 5.9% 1.7% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.67 48%
MSCI EAFE 0.86 74%
MSCI Emg. Mkts. 0.96 98%

Technical Indicators
Recent close $31.09
30d moving avg. $29.57
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 128
Turnover 0.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $39,280

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 462 potential alternatives to the Goldman Sachs ActiveBeta Emerging Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GEM Expense: 45 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GEM
Ticker Fund
Name		 Overlap1
vs GEM
(%)		 Expense
ratio
(bp)		 Savings
vs GEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GEM
(%)
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 67.7 66 -21 7.2 -1.4
EEM iShares MSCI Emerging Markets ETF 66.0 69 -24 7.0 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 65.7 36 9 7.5 -1.1
BKEM BNY Mellon Emerging Markets Equity ETF 65.7 11 34 7.7 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 61.7 49 -4 8.3 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 61.2 9 36 7.5 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 58.3 30 15 7.5 -1.1
DFAE Dimensional Emerging Core Equity Market ETF 56.2 35 10 7.7 -0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 56.1 15 30 7.1 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 55.9 49 -4 6.7 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 55.3 25 20 6.7 -1.9
SCHE Schwab Emerging Markets Equity ETF 55.0 11 34 7.6 -1.0
FLAX Franklin FTSE Asia Ex Japan ETF 54.7 19 26 7.2 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 54.6 70 -25 6.3 -2.3
VWO Vanguard FTSE Emerging Markets ETF 54.3 8 37 7.6 -1.0
EMGF iShares Emerging Markets Equity Factor ETF 54.1 25 20 8.7 +0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 49.1 30 15 8.5 -0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 47.6 33 12 7.2 -1.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 46.8 38 7 8.2 -0.4
ESGE iShares ESG Aware MSCI EM ETF 46.7 25 20 7.7 -0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 46.7 59 -14 9.6 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 46.4 7 38 7.5 -1.1
STXE Strive Emerging Markets Ex-China ETF 46.2 32 13 6.9 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 45.7 32 13 6.3 -2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 44.7 41 4 7.8 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 44.5 49 -4 12.4 +3.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 43.4 20 25 7.5 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 42.9 39 6 12.5 +3.9
XC WisdomTree Emerging Markets Ex-China Fund 42.6 32 13 6.2 -2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 42.6 24 21 7.1 -1.4
LDEM iShares ESG MSCI EM Leaders ETF 42.2 17 28 7.7 -0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 41.9 50 -5 10.5 +2.0
EMXF iShares ESG Advanced MSCI EM ETF 41.9 16 29 7.4 -1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 41.6 32 13 7.6 -1.0
DEHP Dimensional Emerging Markets High Profitability ETF 41.4 41 4 7.3 -1.3
BKF iShares MSCI BIC ETF 38.2 69 -24 7.1 -1.5
XCEM Columbia EM Core ex-China ETF 36.5 16 29 7.4 -1.2
AVEM Avantis Emerging Markets Equity ETF 35.1 33 12 9.1 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 34.7 49 -4 6.4 -2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 33.8 44 1 10.3 +1.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 32.9 18 27 7.9 -0.7
ROAM Hartford Multifactor Emerging Markets ETF 32.8 44 1 11.7 +3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.8 40 5 7.1 -1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 32.6 48 -3 9.4 +0.8
FDEM Fidelity Emerging Markets Multifactor ETF 31.1 25 20 11.9 +3.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 30.5 25 20 7.0 -1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 30.0 36 9 6.8 -1.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 29.5 75 -30 9.6 +1.0
DFEV Dimensional Emerging Markets Value ETF 29.2 43 2 10.9 +2.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 26.5 95 -50 11.4 +2.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 26.0 88 -43 6.2 -2.4
AIA iShares Asia 50 ETF 24.7 50 -5 6.9 -1.7
FLCH Franklin FTSE China ETF 23.4 19 26 9.6 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 22.9 34 11 6.7 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.4 41 4 6.7 -1.9
MCHI iShares MSCI China ETF 22.1 59 -14 8.9 +0.3
RNEM First Trust Emerging Markets Equity Select ETF 20.9 75 -30 8.2 -0.4
AVES Avantis Emerging Markets Value ETF 20.5 36 9 12.1 +3.5
VEU Vanguard FTSE All-World ex-US Index Fund 20.1 8 37 7.2 -1.4
VSGX Vanguard ESG International Stock ETF 20.0 12 33 6.8 -1.8
IXUS iShares Core MSCI Total International Stock ETF 19.9 7 38 6.9 -1.7
KALL KraneShares MSCI All China Index ETF 19.7 49 -4 9.4 +0.8
MINV Matthews Asia Innovators Active ETF 19.5 79 -34 2.8 -5.7
VXUS Vanguard Total International Stock ETF 19.5 7 38 7.1 -1.5
GXC SPDR S&P China ETF 19.4 59 -14 9.0 +0.4
DEM WisdomTree Emerging Markets High Dividend Fund 19.4 63 -18 12.9 +4.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.6 29 16 8.3 -0.3
VYMI Vanguard International High Dividend Yield ETF 17.6 22 23 9.7 +1.1
EMC Global X Emerging Markets Great Consumer ETF 17.4 75 -30 4.9 -3.7
MEM Matthews Emerging Markets Equity Active ETF 16.7 79 -34 5.7 -2.9
CN Xtrackers MSCI All China Equity ETF 16.6 50 -5 8.7 +0.1
FLIN Franklin FTSE India ETF 16.5 19 26 5.2 -3.4
EWT iShares MSCI Taiwan ETF 16.3 58 -13 5.7 -2.8
FLTW Franklin FTSE Taiwan ETF 16.2 19 26 6.0 -2.6
CWI SPDR MSCI ACWI ex-US ETF 15.9 30 15 6.8 -1.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 15.5 20 25 10.7 +2.1
INDA iShares MSCI India ETF 15.5 65 -20 3.7 -4.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.4 42 3 6.8 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 15.2 29 16 6.2 -2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 14.6 30 15 7.8 -0.8
PIN Invesco India ETF 14.6 78 -33 3.8 -4.8
ACWV iShares MSCI Global Min Vol Factor ETF 14.4 20 25 6.7 -1.9
EPI WisdomTree India Earnings Fund 14.3 85 -40 6.6 -2.0
ECON Columbia Emerging Markets Consumer ETF 14.2 49 -4 4.8 -3.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 12.7 60 -15 0.9 -7.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.6 45 0 12.7 +4.1
KNCT Invesco Next Gen Connectivity ETF 12.3 40 5 5.9 -2.7
RODE Hartford Multifactor Diversified International ETF 12.1 29 16 11.5 +3.0
FRDM Freedom 100 Emerging Markets ETF 12.0 49 -4 7.3 -1.2
FLKR Franklin FTSE South Korea ETF 11.6 9 36 9.4 +0.8
FXI iShares China Large-Cap ETF 11.5 74 -29 9.6 +1.0
FEM First Trust Emerging Markets AlphaDEX Fund 11.5 80 -35 16.3 +7.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 11.3 80 -35 6.1 -2.5
EWY iShares MSCI South Korea ETF 11.3 58 -13 8.5 -0.1
INDY iShares India 50 ETF 10.7 89 -44 3.7 -4.9
IQDF FlexShares International Quality Dividend Index Fund 10.6 47 -2 10.7 +2.1
DEW WisdomTree Global High Dividend Fund 10.3 58 -13 9.1 +0.5
WRND IQ Global Equity R&D Leaders ETF 10.1 18 27 7.2 -1.4
TCHI iShares MSCI China Multisector Tech ETF 9.9 59 -14 3.0 -5.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 9.3 86 -41 1.9 -6.6
MCH Matthews China Active ETF 9.2 79 -34 6.1 -2.5
IQDE FlexShares International Quality Dividend Defensive Index ET 9.1 47 -2 10.7 +2.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 8.9 32 13 5.7 -2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 8.8 20 25 5.6 -3.0
MOTI VanEck Morningstar International Moat ETF 8.8 58 -13 6.9 -1.7
VPL Vanguard FTSE Pacific ETF 8.7 8 37 7.0 -1.6
JCHI JPMorgan Active China ETF 8.6 65 -20 7.9 -0.7
ACWI iShares MSCI ACWI ETF 8.5 32 13 5.5 -3.1
FLLA Franklin FTSE Latin America ETF 8.5 19 26 11.7 +3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.4 47 -2 10.3 +1.7
IXN iShares Global Tech ETF 8.4 41 4 4.3 -4.3
CNYA iShares MSCI China A ETF 8.4 60 -15 8.6 +0.1
GLOF iShares Global Equity Factor ETF 8.2 20 25 7.1 -1.5
IWTR iShares MSCI Water Management Multisector ETF 7.9 47 -2 4.8 -3.8
EMM Global X Emerging Markets ex-China ETF 7.9 75 -30 3.7 -4.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 7.9 65 -20 8.9 +0.3
VIDI Vident International Equity Strategy ETF 7.8 61 -16 11.9 +3.3
KWEB KraneShares CSI China Internet ETF 7.8 69 -24 -0.7 -9.2
GGME Invesco Next Gen Media and Gaming ETF 7.8 60 -15 4.1 -4.5
GBUY Goldman Sachs Future Consumer Equity ETF 7.7 75 -30 3.1 -5.5
FDNI First Trust Dow Jones International Internet ETF 7.6 65 -20 2.8 -5.8
CHAT Roundhill Generative AI & Technology ETF 7.6 75 -30 4.2 -4.4
METV Roundhill Ball Metaverse ETF 7.4 59 -14 3.4 -5.2
AIQ Global X Artificial Intelligence & Technology ETF 7.4 68 -23 4.2 -4.4
NXTG First Trust Indxx NextG ETF 7.2 70 -25 6.0 -2.6
EDIV SPDR S&P Emerging Markets Dividend ETF 7.2 49 -4 10.9 +2.3
VT Vanguard Total World Stock ETF 7.1 7 38 5.8 -2.8
KTEC KraneShares Hang Seng TECH Index ETF 7.0 69 -24 -3.9 -12.5
DVYE iShares Emerging Markets Dividend ETF 7.0 49 -4 16.6 +8.0
DSTX Distillate International Fundamental Stability & Value ETF 6.8 55 -10 8.0 -0.6
FMET Fidelity Metaverse ETF 6.8 39 6 4.4 -4.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.6 90 -45 7.0 -1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 6.4 12 33 5.1 -3.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.3 70 -25 11.4 +2.8
CHIQ Global X MSCI China Consumer Discretionary ETF 6.2 65 -20 5.3 -3.2
CGXU Capital Group International Focus Equity ETF 6.2 54 -9 4.1 -4.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.1 60 -15 10.0 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 5.7 25 20 9.1 +0.5
EYLD Cambria Emerging Shareholder Yield ETF 5.7 66 -21 12.1 +3.5
TTAI FCF International Quality ETF 5.7 59 -14 7.4 -1.2
SCHY Schwab International Dividend Equity ETF 5.4 14 31 9.3 +0.7
EWZ iShares MSCI Brazil ETF 5.4 58 -13 11.9 +3.3
FLBR Franklin FTSE Brazil ETF 5.4 19 26 12.4 +3.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.3 67 -22 17.5 +8.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.2 65 -20 8.4 -0.2
UMMA Wahed Dow Jones Islamic World ETF 5.1 65 -20 4.3 -4.3
IGRO iShares International Dividend Growth ETF 5.1 15 30 7.1 -1.5
CGRO CoreValues Alpha Greater China Growth ETF 5.1 75 -30 2.6 -6.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 4.9 49 -4 19.0 +10.4
FCA First Trust China AlphaDEX Fund 4.9 80 -35 17.6 +9.1
CQQQ Invesco China Technology ETF 4.8 70 -25 -5.7 -14.3
JIG JPMorgan International Growth ETF 4.8 55 -10 4.3 -4.3
WWJD Inspire International ETF 4.7 80 -35 7.1 -1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 4.6 20 25 6.8 -1.8
CARZ First Trust NASDAQ Global Auto Index Fund 4.5 70 -25 3.5 -5.1
FILL iShares MSCI Global Energy Producers ETF 4.5 39 6 9.0 +0.4
FLN First Trust Latin America AlphaDEX Fund 4.5 80 -35 11.1 +2.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.5 80 -35 10.0 +1.4
MOTG VanEck Morningstar Global Wide Moat ETF 4.4 52 -7 5.8 -2.8
JPIN J.P. Morgan Diversified Return International Equity ETF 4.4 37 8 8.7 +0.1
DINT Davis Select International ETF 4.3 55 -10 4.7 -3.9
DWLD Davis Select Worldwide ETF 4.3 63 -18 5.6 -3.0
XT iShares Exponential Technologies ETF 4.3 46 -1 3.9 -4.7
BLES Inspire Global Hope ETF 4.3 61 -16 6.3 -2.3
EMFQ Amplify Emerging Markets FinTech ETF 4.2 69 -24 5.4 -3.2
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 4.2 47 -2 0.7 -7.9
RAYC Rayliant Quantamental China Equity ETF 4.2 80 -35 8.7 +0.1
NDIA Global X India Active ETF 4.1 75 -30 6.5 -2.1
CLNR IQ Cleaner Transport ETF 4.1 45 0 8.3 -0.3
FLSA Franklin FTSE Saudi Arabia ETF 4.1 39 6 5.7 -2.8
KSA iShares MSCI Saudi Arabia ETF 4.0 74 -29 5.6 -3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.0 45 0 8.5 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 4.0 34 11 10.6 +2.1
SCHF Schwab International Equity ETF 4.0 6 39 7.0 -1.6
IVRS iShares Future Metaverse Tech and Communications ETF 3.9 47 -2 -5.3 -13.9
ANEW ProShares MSCI Transformational Changes ETF 3.9 45 0 3.3 -5.2
IXP iShares Global Comm Services ETF 3.9 42 3 5.3 -3.3
DGT SPDR Global Dow ETF 3.9 50 -5 6.7 -1.9
VIGI Vanguard International Dividend Appreciation ETF 3.8 15 30 5.6 -3.0
RXI iShares Global Consumer Discretionary ETF 3.8 41 4 5.5 -3.0
VEA Vanguard FTSE Developed Markets ETF 3.7 5 40 7.0 -1.6
FBZ First Trust Brazil AlphaDEX Fund 3.6 80 -35 11.9 +3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.5 9 36 5.7 -2.9
INCO Columbia India Consumer ETF 3.4 75 -30 1.6 -7.0
ARVR First Trust Indxx Metaverse ETF 3.4 70 -25 2.5 -6.1
JSTC Adasina Social Justice All Cap Global ETF 3.3 89 -44 4.8 -3.8
AFTY Pacer CSOP FTSE China A50 ETF 3.3 70 -25 9.2 +0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.3 46 -1 8.8 +0.2
UIVM VictoryShares International Value Momentum ETF 3.3 35 10 10.7 +2.1
SOCL Global X Social Media ETF 3.3 65 -20 -5.8 -14.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.3 24 21 8.6 -0.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.2 78 -33 8.8 +0.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 3.2 65 -20 6.3 -2.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -35 10.8 +2.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 3.2 61 -16 -4.0 -12.6
IXG iShares Global Financials ETF 3.1 42 3 6.8 -1.8
KOIN Capital Link Global Fintech Leaders ETF 3.1 75 -30 4.6 -4.0
ESPO VanEck Video Gaming and eSports ETF 3.1 56 -11 4.5 -4.1
GVAL Cambria Global Value ETF 3.1 68 -23 12.3 +3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.1 60 -15 14.7 +6.1
GLIN VanEck India Growth Leaders ETF 3.0 77 -32 5.3 -3.3
IWFH iShares Virtual Work and Life Multisector ETF 3.0 47 -2 -3.5 -12.1
ILF iShares Latin America 40 ETF 3.0 48 -3 10.3 +1.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 3.0 55 -10 8.4 -0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 -4 5.8 -2.8
ODDS Pacer BlueStar Digital Entertainment ETF 2.8 60 -15 3.0 -5.6
QINT American Century Quality Diversified International ETF 2.8 39 6 7.4 -1.2
MRAD SmartETFs Advertising & Marketing Technology ETF 2.8 68 -23 4.2 -4.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 -13 10.1 +1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 79 -34 10.3 +1.7
EZA iShares MSCI South Africa ETF 2.6 58 -13 11.4 +2.8
IBUY Amplify Online Retail ETF 2.6 65 -20 1.8 -6.8
FLMX Franklin FTSE Mexico ETF 2.6 19 26 10.8 +2.2
AFK VanEck Africa Index ETF 2.6 98 -53 10.0 +1.5
GINN Goldman Sachs Innovate Equity ETF 2.5 52 -7 2.7 -5.9
DGIN VanEck Digital India ETF 2.5 71 -26 1.6 -7.0
OGIG ALPS O'Shares Global Internet Giants ETF 2.5 48 -3 0.5 -8.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.4 75 -30 3.2 -5.4
TPIF Timothy Plan International ETF 2.4 62 -17 6.7 -1.9
EWW iShares MSCI Mexico ETF 2.3 50 -5 9.7 +1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 6 11.0 +2.4
KURE KraneShares MSCI All China Health Care Index ETF 2.3 65 -20 3.6 -5.0
INDF Nifty India Financials ETF 2.3 75 -30 6.0 -2.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.3 68 -23 8.8 +0.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 2.3 51 -6 6.8 -1.8
CIL VictoryShares International Volatility Wtd ETF 2.3 45 0 6.9 -1.7
IOO iShares Global 100 ETF 2.2 41 4 4.8 -3.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.2 45 0 1.4 -7.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 2.2 61 -16 -13.0 -21.6
SPDW SPDR Portfolio Developed World ex-US ETF 2.1 3 42 6.9 -1.7
WUGI AXS Esoterica NextG Economy ETF 2.0 75 -30 2.1 -6.4
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -20 6.5 -2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.9 49 -4 6.7 -1.9
ISHP First Trust Nasdaq Retail ETF 1.9 60 -15 3.2 -5.4
BUYZ Franklin Disruptive Commerce ETF 1.8 50 -5 2.1 -6.5
CGGO Capital Group Global Growth Equity ETF 1.8 47 -2 4.3 -4.3
EIDO iShares MSCI Indonesia ETF 1.8 59 -14 7.6 -1.0
KBUY KraneShares CICC China Consumer Leaders Index ETF 1.7 69 -24 0.0 -8.6
MVPS Amplify Thematic All-Stars ETF 1.7 49 -4 1.7 -6.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.7 45 0 6.2 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 -11 13.9 +5.3
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -30 5.3 -3.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.5 86 -41 1.9 -6.7
IDX VanEck Indonesia Index ETF 1.5 57 -12 7.9 -0.7
BTEK Future Tech ETF 1.5 88 -43 2.1 -6.5
BWEB Bitwise Web3 ETF 1.4 85 -40 0.9 -7.7
DWX SPDR S&P International Dividend ETF 1.4 45 0 7.1 -1.5
UAE iShares MSCI UAE ETF 1.4 59 -14 9.0 +0.4
THD iShares MSCI Thailand ETF 1.3 58 -13 5.8 -2.8
PGJ Invesco Golden Dragon China ETF 1.3 70 -25 4.9 -3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -20 1.6 -7.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 6 6.9 -1.7
INQQ India Internet & Ecommerce ETF 1.3 86 -41 10.8 +2.2
IGPT Invesco AI and Next Gen Software ETF 1.2 60 -15 3.8 -4.8
EPOL iShares MSCI Poland ETF 1.2 59 -14 10.5 +1.9
CGUS Capital Group Core Equity ETF 1.2 33 12 4.7 -3.9
BRAZ Global X Brazil Active ETF 1.1 75 -30 10.3 +1.7
FPXI First Trust International Equity Opportunities ETF 1.1 70 -25 3.6 -5.0
EBIZ Global X E-Commerce ETF 1.1 50 -5 1.2 -7.4
SNSR Global X Internet of Things ETF 1.1 68 -23 4.3 -4.3
KXI iShares Global Consumer Staples ETF 1.1 41 4 5.6 -3.0
OND ProShares On-Demand ETF 1.1 58 -13 -2.5 -11.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.1 75 -30 5.2 -3.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.1 80 -35 14.2 +5.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -35 11.0 +2.4
IDV iShares International Select Dividend ETF 1.0 51 -6 12.3 +3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 0 4.9 -3.7
SDIV Global X Superdividend ETF 1.0 58 -13 17.6 +9.0
APIE ActivePassive International Equity ETF 1.0 45 0 7.7 -0.9
QAT iShares MSCI Qatar ETF 0.9 59 -14 9.3 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 0.9 60 -15 9.8 +1.3
WDIV SPDR S&P Global Dividend ETF 0.9 40 5 10.2 +1.7
QTUM Defiance Quantum ETF 0.9 40 5 3.9 -4.7
BNE Blue Horizon BNE ETF 0.9 87 -42 5.0 -3.6
IDAT iShares Future Cloud 5G and Tech ETF 0.8 47 -2 4.5 -4.1
GREK Global X MSCI Greece ETF 0.8 57 -12 -1.6 -10.2
TUR iShares MSCI Turkey ETF 0.8 58 -13 18.6 +10.0
MXI iShares Global Materials ETF 0.8 41 4 6.6 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 0.8 60 -15 13.6 +5.0
ONLN ProShares Online Retail ETF 0.7 58 -13 3.1 -5.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 10 4.8 -3.8
XNTK SPDR NYSE Technology ETF 0.7 35 10 4.0 -4.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.7 58 -13 4.8 -3.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.7 57 -12 3.8 -4.8
IDHQ Invesco S&P International Developed High Quality ETF 0.7 29 16 5.8 -2.8
CGV Conductor Global Equity Value ETF 0.7 130 -85 11.3 +2.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 -13 4.6 -4.0
FM iShares Frontier and Select EM ETF 0.7 80 -35 9.5 +0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -25 10.6 +2.0
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -34 6.5 -2.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.7 68 -23 3.4 -5.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 -2 5.9 -2.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 -20 12.8 +4.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.7 72 -27 2.2 -6.4
MOTO SmartETFs Smart Transportation & Technology ETF 0.7 68 -23 6.6 -2.0
LOUP Innovator Deepwater Frontier Tech ETF 0.7 70 -25 2.3 -6.3
ROBO ROBO Global Robotics & Automation Index ETF 0.7 95 -50 2.8 -5.7
TRFM AAM Transformers ETF 0.6 49 -4 1.2 -7.3
IPKW Invesco International BuyBack Achievers ETF 0.6 55 -10 9.1 +0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.6 12 33 8.7 +0.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 -2 5.3 -3.3
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.6 65 -20 5.0 -3.6
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 6 9.2 +0.6
QQQ Invesco QQQ Trust Series I 0.6 20 25 4.6 -3.9
QQQM Invesco NASDAQ 100 ETF 0.6 15 30 4.7 -3.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -38 9.0 +0.4
FEP First Trust Europe AlphaDEX Fund 0.6 80 -35 8.6 +0.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.6 80 -35 8.3 -0.3
LUXX Roundhill S&P Global Luxury ETF 0.6 45 0 2.7 -5.9
IQSI IQ Candriam International Equity ETF 0.6 15 30 6.4 -2.2
CID VictoryShares International High Div Volatility Wtd ETF 0.5 45 0 9.5 +0.9
AGQI First Trust Active Global Quality Income ETF 0.5 85 -40 5.8 -2.8
IDRV iShares Self-driving EV & Tech ETF 0.5 47 -2 -0.5 -9.1
ICLN iShares Global Clean Energy ETF 0.5 41 4 4.3 -4.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 -25 7.2 -1.3
FPAG FPA Global Equity ETF 0.5 49 -4 5.7 -2.9
OCEN IQ Clean Oceans ETF 0.5 45 0 5.3 -3.3
ECH iShares MSCI Chile ETF 0.5 58 -13 10.7 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 25 6.7 -1.9
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 36 6.7 -1.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.4 39 6 -3.5 -12.1
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -25 9.1 +0.6
BKIE BNY Mellon International Equity ETF 0.4 4 41 6.9 -1.7
IXC iShares Global Energy ETF 0.4 44 1 8.2 -0.4
FLEE Franklin FTSE Europe ETF 0.4 9 36 6.8 -1.8
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -14 2.9 -5.7
SPEU SPDR Portfolio Europe ETF 0.4 7 38 6.6 -2.0
ION ProShares S&P Global Core Battery Metals ETF 0.4 58 -13 11.6 +3.0
VGK Vanguard FTSE Europe ETF 0.4 11 34 6.8 -1.8
CRAK VanEck Oil Refiners ETF 0.4 61 -16 13.1 +4.5
EMIF iShares Emerging Markets Infrastructure ETF 0.4 60 -15 4.6 -4.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 -1 5.6 -3.0
EV Mast Global Battery Recycling & Production ETF 0.4 65 -20 12.8 +4.2
SMOG VanEck Low Carbon Energy ETF 0.4 61 -16 3.0 -5.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 24 3.9 -4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 38 6.5 -2.1
AADR AdvisorShares Dorsey Wright ADR ETF 0.4 110 -65 5.4 -3.2
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -17 3.7 -4.9
NTZG Nuveen Global Net Zero Transition ETF 0.3 56 -11 4.9 -3.7
FLHK Franklin FTSE Hong Kong ETF 0.3 9 36 7.4 -1.2
GDVD R3 Global Dividend Growth ETF 0.3 88 -43 5.8 -2.8
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -14 14.2 +5.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 25 4.7 -3.9
PBD Invesco Global Clean Energy ETF 0.3 75 -30 -3.9 -12.5
CGW Invesco S&P Global Water Index ETF 0.3 57 -12 3.8 -4.8
HAP VanEck Natural Resources ETF 0.3 50 -5 9.5 +0.9
LIT Global X Lithium & Battery Tech ETF 0.3 75 -30 10.2 +1.6
RING iShares MSCI Global Gold Miners ETF 0.3 39 6 5.7 -2.8
KPOP KPOP and Korean Entertainment ETF 0.3 75 -30 -9.1 -17.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 35 8.2 -0.4
FBCG Fidelity Blue Chip Growth ETF 0.3 59 -14 2.6 -6.0
LUX Tema Luxury ETF 0.3 75 -30 3.3 -5.3
PNQI Invesco NASDAQ Internet ETF 0.3 60 -15 2.6 -6.0
SUPL ProShares Supply Chain Logistics ETF 0.3 58 -13 13.1 +4.5
TMFG Motley Fool Global Opportunities ETF 0.3 85 -40 3.3 -5.3
IHAK iShares Cybersecurity & Tech ETF 0.3 47 -2 3.2 -5.4
OSEA Harbor International Compounders ETF 0.3 55 -10 3.7 -4.9
GMET VanEck Green Metals ETF 0.3 63 -18 9.8 +1.2
BJK VanEck Gaming ETF 0.3 65 -20 1.8 -6.8
IGF iShares Global Infrastructure ETF 0.2 41 4 5.0 -3.6
GII SPDR S&P Global Infrastructure ETF 0.2 40 5 5.0 -3.6
CUT Invesco MSCI Global Timber ETF 0.2 61 -16 8.6 -0.0
WOOD iShares Global Timber & Forestry ETF 0.2 42 3 9.6 +1.0
DFNL Davis Select Financial ETF 0.2 63 -18 6.8 -1.8
GSFP Goldman Sachs Future Planet Equity ETF 0.2 75 -30 4.5 -4.0
BPAY BlackRock Future Financial and Technology ETF 0.2 70 -25 8.3 -0.3
BOAT SonicShares Global Shipping ETF 0.2 69 -24 29.1 +20.5
RFEU First Trust Riverfront Dynamic Europe ETF 0.2 83 -38 8.7 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 6 7.3 -1.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 25 2.1 -6.5
HART IQ Healthy Hearts ETF 0.2 45 0 5.3 -3.2
EXI iShares Global Industrials ETF 0.2 42 3 4.7 -3.9
URA Global X Uranium ETF 0.2 69 -24 3.9 -4.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.2 56 -11 1.7 -6.9
HJEN Direxion Hydrogen ETF 0.2 45 0 -3.2 -11.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 36 8.0 -0.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.2 85 -40 8.1 -0.5
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 -5 2.7 -5.9
CTEC Global X CleanTech ETF 0.2 50 -5 1.0 -7.6
RNRG Global X Renewable Energy Producers ETF 0.2 66 -21 4.9 -3.7
AQWA Global X Clean Water ETF 0.2 50 -5 4.3 -4.3
PIO Invesco Global Water ETF 0.2 75 -30 4.9 -3.7
SHPP Pacer Industrials and Logistics ETF 0.2 60 -15 8.9 +0.3
ARGT Global X MSCI Argentina ETF 0.2 59 -14 7.4 -1.2
MOO VanEck Agribusiness ETF 0.2 53 -8 9.4 +0.8
JRNY ALPS Global Travel Beneficiaries ETF 0.2 65 -20 0.0 -8.6
BETZ Roundhill Sports Betting & iGaming ETF 0.2 75 -30 1.9 -6.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.2 61 -16 14.8 +6.2
SEA U.S. Global Sea to Sky Cargo ETF 0.2 60 -15 24.1 +15.5
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 -16 4.5 -4.1
IPOS Renaissance International IPO ETF 0.2 80 -35 -168.9 -177.5
GXG Global X MSCI Colombia ETF 0.2 62 -17 15.2 +6.7
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -20 4.5 -4.1
RAYS Global X Solar ETF 0.1 51 -6 4.7 -3.9
INTF iShares International Equity Factor ETF 0.1 15 30 7.8 -0.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -10 2.9 -5.7
JXI iShares Global Utilities ETF 0.1 43 2 6.7 -1.9
IBRN iShares Neuroscience and Healthcare ETF 0.1 47 -2 -5.0 -13.5
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -5 11.6 +3.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 10 2.3 -6.3
TAN Invesco Solar ETF 0.1 67 -22 6.2 -2.4
CNRG SPDR S&P Kensho Clean Power ETF 0.1 45 0 -7.5 -16.1
SHLD Global X Defense Tech ETF 0.1 50 -5 4.8 -3.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.1 80 -35 5.6 -2.9
DMAT Global X Disruptive Materials ETF 0.1 59 -14 9.9 +1.4
EPHE iShares MSCI Philippines ETF 0.1 59 -14 8.9 +0.3
CGGR Capital Group Growth ETF 0.1 39 6 3.5 -5.1
NERD Roundhill Video Games ETF 0.1 50 -5 8.0 -0.6
HERO Global X Video Games & Esports ETF 0.1 50 -5 5.1 -3.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -20 7.7 -0.9
COPX Global X Copper Miners ETF 0.1 65 -20 6.9 -1.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 34 6.4 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 6 7.6 -1.0
GLIF AGF Global Infrastructure ETF 0.1 45 0 5.5 -3.1
GDX VanEck Gold Miners ETF 0.1 51 -6 4.7 -3.9
JETS U.S. Global Jets ETF 0.1 60 -15 -15.6 -24.2
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 -14 5.5 -3.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -34 5.1 -3.4
IQRA IQ CBRE Real Assets ETF 0.1 65 -20 5.9 -2.7
IQIN IQ 500 International ETF 0.1 25 20 8.8 +0.2
FYLD Cambria Foreign Shareholder Yield ETF 0.1 59 -14 12.0 +3.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -30 4.7 -3.9
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -44 2.7 -5.9
CRUZ Defiance Hotel Airline and Cruise ETF 0.1 45 0 -4.9 -13.5
HELX Franklin Genomic Advancements ETF 0.1 50 -5 1.7 -6.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 36 5.0 -3.6
AGNG Global X Aging Population ETF 0.1 50 -5 4.1 -4.5
IXJ iShares Global Healthcare ETF 0.1 42 3 6.1 -2.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 3 5.1 -3.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 35 5.4 -3.2
BECO BlackRock Future Climate and Sustainable Economy ETF 0.1 70 -25 13.7 +5.1
TEMP JPMorgan Climate Change Solutions ETF 0.1 49 -4 4.7 -3.9
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 -4 6.2 -2.4
FDHT Fidelity Digital Health ETF 0.1 39 6 -2.4 -11.0
EDOC Global X Telemedicine & Digital Health ETF Registered 0.1 68 -23 -5.5 -14.1
NIKL Sprott Nickel Miners ETF 0.0 75 -30 7.5 -1.1
GOEX Global X Gold Explorers ETF 0.0 65 -20 4.9 -3.7
IDNA iShares Genomics Immunology and Healthcare ETF 0.0 47 -2 -5.2 -13.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 -5 5.8 -2.8
JFWD Jacob Forward ETF 0.0 75 -30 0.0 -8.6
FDD First Trust Stoxx European Select Dividend Index Fund 0.0 58 -13 12.9 +4.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 45 5.3 -3.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 38 5.2 -3.4
GDXJ VanEck Junior Gold Miners ETF 0.0 52 -7 4.8 -3.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 34 5.2 -3.4
RWO SPDR Dow Jones Global Real Estate ETF 0.0 50 -5 6.9 -1.7
RWX SPDR Dow Jones International Real Estate ETF 0.0 59 -14 7.2 -1.4
WNDY Global X Wind Energy ETF 0.0 50 -5 5.2 -3.4
JHMD John Hancock Multifactor Developed International ETF 0.0 39 6 7.4 -1.2
DFAI Dimensional International Core Equity Market ETF 0.0 18 27 6.9 -1.7
DIHP Dimensional International High Profitability ETF 0.0 29 16 6.9 -1.7
LNGG Roundhill Alerian LNG ETF 0.0 65 -20 8.5 -0.0
BEDZ AdvisorShares Hotel ETF 0.0 100 -55 2.9 -5.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.0 19 26 5.8 -2.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.0 35 10 6.4 -2.2
SIL Global X Silver Miners ETF 0.0 65 -20 2.6 -6.0
RVRB Reverb ETF 0.0 30 15 5.0 -3.6
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 21 6.2 -2.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.0 68 -23 1.1 -7.4
ARKF ARK Fintech Innovation ETF 0.0 75 -30 -2.2 -10.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 22 7.4 -1.2
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -30 4.9 -3.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.39
 
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.