Goldman Sachs ActiveBeta Europe Equity ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2021E    2022E
P/E
ratio		 18.7x P/Sales
ratio		 1.3x
P/BV
ratio		 2.0x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Goldman Sachs ActiveBeta Europe Equity ETF tracks an index of developed Europe large- and midcap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score.

FUND BASICS
Category International Equities
Fund Sponsor Goldman Sachs
Website assetmanagement.gs.com
Inception date Mar 02, 2016
Assets (mns) $20
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 400
Wgt avg mkt cap (mns) $70,742
Large cap (>$10bn) 85.7%
Mid cap ($2-10bn) 11.8%
Small cap (<$2bn) 0.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 2.8 %
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
ASML HOLDING NV 1.9 %
LVMH MOET HENNESSY LOUIS VUI 1.7 %
NOVARTIS AG-REG 1.5 %
NOVO NORDISK A/S-B 1.2 %
L'OREAL 1.1 %
SAP AG 1.0 %
UNILEVER PLC 1.0 %
ASTRAZENECA PLC 1.0 %
Total 15.3 %

TOP COUNTRY EXPOSURE
BRITAIN 20.5 %
FRANCE 17.4 %
GERMANY 15.8 %
SWITZERLAND 14.7 %
NETHERLANDS 6.5 %
SWEDEN 5.8 %
DENMARK 4.2 %
ITALY 3.8 %
SPAIN 3.1 %
FINLAND 1.6 %

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.
4.2% 46.3% -- -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.92 83%
MSCI EAFE 1.01 98%
MSCI Emg. Mkts. 0.77 71%

Technical Indicators
Recent close $35.85
30d moving avg. $34.75
Annualized volatility 18.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $31,982

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 387 potential alternatives to the Goldman Sachs ActiveBeta Europe Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GSEU Expense: 25 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSEU
Ticker Fund
Name		 Overlap1
vs GSEU
(%)		 Expense
ratio
(bp)		 Savings
vs GSEU
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GSEU
(%)
DFAI Dimensional International Core Equity Market ETF 80.4 18 7 6.0 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 70.1 46 -21 5.7 +0.0
FLEH Franklin FTSE Europe Hedged ETF 69.1 9 16 6.1 +0.4
FLEE Franklin FTSE Europe ETF 68.8 9 16 6.0 +0.3
BBEU JPMorgan BetaBuilders Europe ETF 68.7 9 16 3.0 -2.6
IEV iShares Europe ETF 67.5 59 -34 5.7 +0.0
IEUR iShares Core MSCI Europe ETF 67.3 9 16 6.0 +0.4
SPEU SPDR Portfolio Europe ETF 65.6 9 16 6.0 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 57.5 25 0 5.8 +0.1
EFA iShares MSCI EAFE ETF 54.8 32 -7 5.9 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 54.3 20 5 5.9 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 54.1 36 -11 5.9 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 50.7 20 5 5.9 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 50.6 20 5 5.9 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 49.5 20 5 6.2 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 49.1 30 -5 5.7 +0.1
BKIE BNY Mellon International Equity ETF 48.7 4 21 6.3 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 48.3 7 18 6.2 +0.5
IEFA iShares Core MSCI EAFE ETF 47.8 7 18 6.1 +0.5
IQSI IQ Candriam ESG International Equity ETF 47.7 15 10 6.0 +0.4
JHMD John Hancock Multifactor Developed International ETF 47.2 39 -14 6.0 +0.4
SCHF Schwab International Equity ETF 45.0 6 19 6.2 +0.5
EZU iShares MSCI Eurozone ETF 43.9 51 -26 5.3 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 43.8 5 20 6.0 +0.4
PDEV Principal International Multi-Factor Core Index ETF 42.6 25 0 6.6 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 42.5 47 -22 5.5 -0.1
EURZ Xtrackers Eurozone Equity ETF 41.9 9 16 5.8 +0.1
EFG iShares MSCI EAFE Growth ETF 41.8 40 -15 3.7 -1.9
SPDW SPDR Portfolio Developed World ex-US ETF 40.6 4 21 5.8 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 40.4 45 -20 6.9 +1.3
RESD WisdomTree International ESG Fund 40.1 30 -5 5.9 +0.3
DOL WisdomTree International LargeCap Dividend Fund 39.9 48 -23 6.7 +1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 39.7 58 -33 6.0 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 39.6 45 -20 5.9 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 39.5 45 -20 5.9 +0.3
DWM WisdomTree International Equity Fund 39.4 48 -23 6.7 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 39.2 40 -15 6.9 +1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 37.5 35 -10 5.7 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 37.4 12 13 5.6 -0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 36.9 14 11 5.7 +0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 36.8 30 -5 5.1 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 36.7 32 -7 6.1 +0.5
CWI SPDR MSCI ACWI ex-US ETF 36.3 30 -5 6.0 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.1 41 -16 6.0 +0.4
VGK Vanguard FTSE Europe ETF 35.9 8 17 6.1 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 35.6 30 -5 5.8 +0.2
EFV iShares MSCI EAFE Value ETF 35.6 39 -14 7.8 +2.2
IQIN IQ 500 International ETF 35.6 25 0 7.0 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 34.6 25 0 7.4 +1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 33.7 29 -4 6.7 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 33.5 39 -14 5.6 -0.0
TPIF Timothy Plan International ETF 33.0 62 -37 5.6 0.0
RFEU First Trust Riverfront Dynamic Europe ETF 32.5 83 -58 4.7 -0.9
IXUS ishares Core MSCI Total International Stock ETF 31.9 9 16 6.2 +0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 31.7 30 -5 3.7 -1.9
RBIN Nationwide Risk-Based International Equity ETF 31.7 42 -17 5.5 -0.1
FDEV Fidelity Targeted International Factor ETF 31.6 39 -14 5.5 -0.1
RNDM First Trust Developed International Equity Select ETF 31.4 65 -40 5.3 -0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 30.7 48 -23 4.5 -1.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 30.6 16 9 5.8 +0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 30.3 23 2 6.0 +0.4
FEP First Trust Europe AlphaDEX Fund 29.5 80 -55 6.5 +0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 28.9 39 -14 6.6 +1.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.8 20 5 4.9 -0.8
AVDE Avantis International Equity ETF 27.6 23 2 6.4 +0.7
QINT American Century Quality Diversified International ETF 27.6 39 -14 6.2 +0.6
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 27.1 61 -36 4.3 -1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 26.5 40 -15 5.6 -0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 26.4 30 -5 9.4 +3.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.3 35 -10 7.6 +1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 26.2 83 -58 5.0 -0.6
FIVA Fidelity International Value Factor ETF 26.2 39 -14 8.0 +2.4
VWID Virtus WMC International Dividend ETF 25.7 49 -24 7.2 +1.6
JPIN JPMorgan Diversified Return International Equity ETF 25.3 37 -12 6.9 +1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 25.2 24 1 6.5 +0.8
DWMF WisdomTree International Multifactor Fund 24.4 38 -13 6.0 +0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.3 29 -4 7.1 +1.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.9 45 -20 5.7 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.4 32 -7 5.5 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 23.0 80 -55 6.2 +0.6
FEZ SPDR EURO STOXX 50 ETF 22.9 29 -4 5.4 -0.2
IDHQ Invesco S&P International Developed Quality ETF 22.9 29 -4 4.9 -0.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.8 80 -55 5.5 -0.1
INTF iShares Edge MSCI Multifactor Intl ETF 22.6 30 -5 7.2 +1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 22.2 34 -9 8.1 +2.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 21.8 42 -17 4.6 -1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 21.1 58 -33 5.8 +0.2
VEA Vanguard FTSE Developed Markets ETF 20.7 5 20 6.1 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 20.5 42 -17 6.0 +0.3
IQDE FlexShares International Quality Dividend Defensive Index ET 20.3 47 -22 10.3 +4.7
HEDJ WisdomTree Europe Hedged Equity Fund 20.0 58 -33 5.4 -0.3
TOK iShares MSCI Kokusai ETF 19.6 25 0 4.7 -0.9
IGRO iShares International Dividend Growth ETF 19.5 15 10 6.6 +1.0
ZGBR SPDR Solactive United Kingdom ETF 19.5 14 11 7.1 +1.5
IOO iShares Global 100 ETF 19.5 40 -15 4.6 -1.0
EWU iShares MSCI United Kingdom ETF 19.3 51 -26 6.6 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 19.2 30 -5 5.2 -0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 19.2 9 16 4.8 -0.8
FLGB Franklin FTSE United Kingdom ETF 19.1 9 16 6.9 +1.3
IQDF FlexShares International Quality Dividend Index Fund 18.8 47 -22 7.9 +2.3
IDLV Invesco S&P International Developed Low Volatility ETF 18.7 25 0 5.7 +0.0
EUDV ProShares MSCI Europe Dividend Growers ETF 18.5 56 -31 4.7 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.4 47 -22 8.7 +3.1
URTH iShares MSCI World ETF 18.2 24 1 4.8 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 18.1 8 17 6.4 +0.8
DTH WisdomTree International High Dividend Fund 17.6 58 -33 8.1 +2.5
VYMI Vanguard International High Dividend Yield ETF 17.5 27 -2 8.6 +3.0
EWQ iShares MSCI France ETF 17.5 51 -26 4.9 -0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.9 20 5 8.1 +2.5
FDT First Trust Developed Markets ex-US Alphadex Fund 16.8 80 -55 7.0 +1.4
FLFR Franklin FTSE France ETF 16.8 9 16 5.3 -0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 16.3 51 -26 4.8 -0.9
ACWI iShares MSCI ACWI ETF 16.0 32 -7 4.9 -0.7
EWG iShares MSCI Germany ETF 15.9 51 -26 5.8 +0.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 15.8 20 5 9.1 +3.5
RODE Hartford Multifactor Diversified International ETF 15.7 29 -4 9.4 +3.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 15.7 45 -20 6.0 +0.3
FLGR Franklin FTSE Germany ETF 15.6 9 16 6.3 +0.6
FIDI Fidelity International High Dividend ETF 15.4 39 -14 8.1 +2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 15.4 20 5 5.1 -0.5
LVHI Legg Mason International Low Volatility High Dividend ETF 15.4 40 -15 8.2 +2.6
WWJD Inspire International ESG ETF 15.3 80 -55 5.3 -0.4
FICS First Trust International Developed Capital Strength ETF 15.2 70 -45 4.3 -1.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 15.1 20 5 5.1 -0.5
VSGX Vanguard ESG International Stock ETF 15.1 17 8 6.1 +0.4
DGT SPDR Global Dow ETF 14.7 50 -25 6.1 +0.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 14.6 45 -20 8.1 +2.5
VXUS Vanguard Total International Stock ETF 14.4 8 17 6.3 +0.7
IDMO Invesco S&P International Developed Momentum ETF 14.4 25 0 3.3 -2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 14.1 9 16 5.1 -0.5
JIG JPMorgan International Growth ETF 14.0 55 -30 2.5 -3.1
FLSW Franklin FTSE Switzerland ETF 14.0 9 16 4.8 -0.8
EWL iShares MSCI Switzerland ETF 14.0 51 -26 4.3 -1.3
PIZ Invesco DWA Developed Markets Momentum ETF 13.9 80 -55 3.2 -2.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 13.1 65 -40 9.6 +4.0
JSTC Adasina Social Justice All Cap Global ETF 13.0 89 -64 4.8 -0.8
DOO WisdomTree International Dividend ex-Financials Fund 13.0 58 -33 7.3 +1.7
BLES Inspire Global Hope Large Cap ETF 12.9 52 -27 4.9 -0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.5 58 -33 4.9 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 12.3 80 -55 7.3 +1.7
EXI iShares Global Industrials ETF 12.3 46 -21 4.3 -1.3
ZDEU SPDR Solactive Germany ETF 12.2 14 11 6.7 +1.1
IXJ iShares Global Healthcare ETF 12.2 46 -21 6.0 +0.4
DEW WisdomTree Global High Dividend Fund 11.9 58 -33 8.1 +2.5
KLDW Gavekal Knowledge Leaders Developed World ETF 11.8 75 -50 4.0 -1.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 11.6 30 -5 7.4 +1.8
EUFN iShares MSCI Europe Financials ETF 11.5 48 -23 9.6 +4.0
IDOG ALPS International Sector Dividend Dogs ETF 11.4 50 -25 7.8 +2.2
VIGI Vanguard International Dividend Appreciation ETF 11.4 20 5 4.6 -1.0
XT iShares Exponential Technologies ETF 11.3 47 -22 4.4 -1.2
KXI iShares Global Consumer Staples ETF 11.2 46 -21 4.9 -0.8
DIM WisdomTree International MidCap Dividend Fund 11.0 58 -33 6.6 +1.0
DIVS SmartETFs Dividend Builder ETF 10.9 65 -40 5.5 -0.2
DXGE WisdomTree Germany Hedged Equity Fund 10.8 48 -23 7.3 +1.6
SDGA Impact Shares Sustainable Development Goals Global ETF 10.5 75 -50 4.7 -0.9
VIDI Vident International Equity Fund 10.4 59 -34 8.8 +3.2
RXI iShares Global Consumer Discretionary ETF 10.4 46 -21 3.5 -2.1
JOYY Infusive Compounding Global Equities ETF 10.4 50 -25 3.5 -2.1
WLDR Affinity World Leaders Equity ETF 10.3 47 -22 7.6 +1.9
HART IQ Healthy Hearts ETF 10.0 45 -20 4.7 -1.0
DAX Global X DAX Germany ETF 10.0 21 4 6.2 +0.6
FSZ First Trust Switzerland AlphaDEX Fund 9.8 80 -55 3.6 -2.0
ACWF iShares MSCI Global Multifactor ETF 9.0 35 -10 6.6 +1.0
DWCR Arrow DWA Country Rotation ETF 8.8 136 -111 3.2 -2.4
FGM First Trust Germany AlphaDEX Fund 8.7 80 -55 5.2 -0.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 8.6 39 -14 8.7 +3.0
DSTX Distillate International Fundamental Stability & Value ETF 8.6 55 -30 6.0 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 8.3 20 5 5.3 -0.3
IDV iShares International Select Dividend ETF 8.1 49 -24 9.2 +3.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 8.1 65 -40 8.0 +2.4
GDVD Principal Active Global Dividend Income ETF 8.0 58 -33 0.0 -5.6
IXG iShares Global Financials ETF 7.9 46 -21 7.9 +2.3
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.7 52 -27 4.7 -0.9
VT Vanguard Total World Stock ETF 7.7 8 17 5.2 -0.4
EFAS Global X MSCI SuperDividend EAFE ETF 7.5 56 -31 7.5 +1.9
ESGN Columbia Sustainable International Equity Income ETF 7.2 45 -20 8.5 +2.9
MXI iShares Global Materials ETF 7.1 45 -20 5.0 -0.6
MOTI VanEck Vectors Morningstar International Moat ETF 7.0 58 -33 7.6 +2.0
GXF Global X FTSE Nordic Region ETF 6.6 56 -31 7.3 +1.7
DWX SPDR S&P International Dividend ETF 6.5 45 -20 6.9 +1.3
EWN iShares MSCI Netherlands ETF 6.4 51 -26 3.9 -1.7
AIIQ AI Powered International Equity ETF 6.2 79 -54 4.0 -1.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 6.1 50 -25 3.3 -2.3
EWD iShares MSCI Sweden ETF 5.9 51 -26 7.4 +1.8
SMEZ SPDR EURO STOXX Small Cap ETF 5.6 45 -20 5.7 +0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.5 47 -22 5.1 -0.5
IXN iShares Global Tech ETF 5.5 46 -21 3.7 -1.9
FDD First Trust Stoxx European Select Dividend Index Fund 5.4 58 -33 8.2 +2.6
HAP VanEck Vectors Natural Resources ETF 5.4 50 -25 5.0 -0.6
SDG iShares Sustainable MSCI Global Impact ETF 5.2 49 -24 5.3 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.1 59 -34 10.5 +4.9
BNE Blue Horizon BNE ETF 5.1 87 -62 2.7 -2.9
IMOM Alpha Architect International Quantitative Momentum ETF 5.1 59 -34 3.0 -2.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.1 70 -45 2.1 -3.5
KOIN Innovation Shares NextGen Protocol ETF 5.0 95 -70 3.6 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 5.0 39 -14 5.0 -0.6
GRES IQ Global Resources ETF 4.9 78 -53 5.6 -0.0
IVAL Alpha Architect International Quantitative Value ETF 4.6 59 -34 7.7 +2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.6 49 -24 4.4 -1.2
LUXE Emles Luxury Goods ETF 4.5 60 -35 1.6 -4.1
FYLD Cambria Foreign Shareholder Yield ETF 4.4 59 -34 6.7 +1.1
FID First Trust S&P International Dividend Aristocrats ETF 4.4 60 -35 8.4 +2.8
FLIY Franklin FTSE Italy ETF 4.3 9 16 7.5 +1.9
EWI iShares MSCI Italy ETF 4.3 51 -26 7.0 +1.4
GENY Principal Millennials Index ETF 4.3 45 -20 3.0 -2.6
JXI iShares Global Utilities ETF 4.3 46 -21 5.3 -0.3
WDIV SPDR Global Dividend ETF 4.2 40 -15 8.6 +3.0
EDEN iShares MSCI Denmark Capped ETF 4.2 53 -28 4.7 -0.9
GVAL Cambria Global Value ETF 4.2 65 -40 8.5 +2.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.9 46 -21 5.5 -0.1
INFR Legg Mason Global Infrastructure ETF 3.8 40 -15 4.9 -0.7
GCOW Pacer Global High Dividend ETF 3.7 60 -35 9.5 +3.9
GNR SPDR S&P Global Natural Resources ETF 3.5 40 -15 5.7 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 3.4 70 -45 3.4 -2.3
DINT Davis Select International ETF 3.4 65 -40 5.3 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 3.3 39 -14 6.7 +1.1
FAN First Trust Global Wind Energy ETF 3.3 62 -37 3.7 -1.9
EWP iShares MSCI Spain ETF 3.1 51 -26 7.2 +1.6
GLIF AGFiQ Global Infrastructure ETF 3.0 45 -20 4.2 -1.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 3.0 68 -43 1.1 -4.6
AGNG Global X Aging Population ETF 3.0 50 -25 3.2 -2.4
IXP iShares Global Comm Services ETF 2.9 46 -21 4.8 -0.8
IDRV iShares Self-driving EV & Tech ETF 2.9 47 -22 5.1 -0.5
PAWZ ProShares Pet Care ETF 2.8 50 -25 2.3 -3.4
DTEC ALPS Disruptive Technologies ETF 2.6 50 -25 2.7 -3.0
NXTG First Trust Indxx NextG ETF 2.6 70 -45 5.1 -0.5
GII SPDR S&P Global Infrastructure ETF 2.6 40 -15 4.2 -1.5
IGF iShares Global Infrastructure ETF 2.6 46 -21 4.1 -1.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 -40 1.4 -4.2
ROBO Robo Global Robotics & Automation Index ETF 2.5 95 -70 2.2 -3.4
FPXI First Trust International Equity Opportunities ETF 2.5 70 -45 2.3 -3.4
QTUM Defiance Quantum ETF 2.4 40 -15 4.4 -1.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 2.4 95 -70 4.8 -0.9
SULR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.3 79 -54 3.8 -1.8
PRNT The 3D Printing ETF 2.3 66 -41 1.3 -4.3
FDNI First Trust Dow Jones International Internet ETF 2.2 65 -40 1.8 -3.8
OGIG O'Shares Global Internet Giants ETF 2.2 48 -23 1.0 -4.6
FLM First Trust Global Engineering and Construction ETF 2.2 70 -45 7.4 +1.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.1 58 -33 6.6 +1.0
BFIT Global X Health & Wellness ETF 2.1 50 -25 3.9 -1.8
FDRR Fidelity Dividend ETF for Rising Rates 2.0 29 -4 6.2 +0.5
FILL iShares MSCI Global Energy Producers ETF 2.0 39 -14 5.7 +0.1
IXC iShares Global Energy ETF 2.0 46 -21 5.3 -0.3
PIO Invesco Global Water ETF 2.0 75 -50 3.5 -2.2
AIQ Global X Future Analytics Tech ETF 2.0 68 -43 3.2 -2.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.9 47 -22 4.6 -1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.9 70 -45 3.4 -2.2
XBUY Amplify International Online Retail ETF 1.9 69 -44 1.1 -4.5
PSP Invesco Global Listed Private Equity ETF 1.8 158 -133 5.7 +0.1
AVDV Avantis International Small Cap Value ETF 1.8 36 -11 6.3 +0.7
SDIV Global X SuperDividend ETF 1.7 59 -34 14.1 +8.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 -43 4.3 -1.3
EBLU Ecofin Global Water ESG Fund 1.6 40 -15 3.6 -2.0
IBUY Amplify Online Retail ETF 1.6 65 -40 -0.3 -6.0
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.6 47 -22 1.3 -4.4
ANEW ProShares MSCI Transformational Changes ETF 1.5 45 -20 2.6 -3.0
BMED BlackRock Future Health ETF 1.5 85 -60 -0.7 -6.4
PBD Invesco Global Clean Energy ETF 1.5 75 -50 0.4 -5.2
EFNL iShares MSCI Finland Capped ETF 1.5 53 -28 4.7 -1.0
SNSR Global X Internet of Things Thematic ETF 1.5 68 -43 3.7 -1.9
IDNA iShares Genomics Immunology & Healthcare ETF 1.5 47 -22 -2.8 -8.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.4 68 -43 5.2 -0.5
FDVV Fidelity Core Dividend ETF 1.4 29 -4 6.1 +0.5
MJ ETFMG Alternative Harvest ETF 1.4 75 -50 -2.5 -8.1
CARZ First Trust NASDAQ Global Auto Index Fund 1.3 70 -45 8.9 +3.2
NORW Global X MSCI Norway ETF 1.3 50 -25 7.6 +2.0
ENOR iShares MSCI Norway ETF 1.3 53 -28 7.6 +2.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.2 68 -43 4.4 -1.2
EWK iShares MSCI Belgium Capped ETF 1.1 51 -26 6.1 +0.4
EWO iShares MSCI Austria ETF 1.1 51 -26 7.8 +2.1
CGW Invesco S&P Global Water Index ETF 1.1 57 -32 3.6 -2.1
IPOS Renaissance International IPO ETF 1.0 80 -55 -0.1 -5.7
BJK VanEck Vectors Gaming ETF 1.0 65 -40 1.8 -3.8
ICLN iShares Global Clean Energy ETF 1.0 46 -21 3.1 -2.5
URA Global X Uranium ETF 1.0 69 -44 1.2 -4.4
HAUZ Xtrackers International Real Estate ETF 0.9 10 15 7.4 +1.7
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 -45 4.7 -0.9
WPS iShares International Developed Property ETF 0.9 48 -23 6.2 +0.6
IFGL iShares International Developed Real Estate ETF 0.9 48 -23 6.1 +0.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.9 60 -35 5.4 -0.2
BETZ Roundhill Sports Betting & iGaming ETF 0.9 75 -50 3.5 -2.1
TOKE Cambria Cannabis ETF 0.9 42 -17 -0.4 -6.0
BUYZ Franklin Disruptive Commerce ETF 0.8 50 -25 -0.1 -5.8
IPKW Invesco International BuyBack Achievers ETF 0.8 55 -30 6.3 +0.7
DRW WisdomTree Global ex-US Real Estate Fund 0.8 58 -33 8.9 +3.2
EIRL iShares MSCI Ireland Capped ETF 0.8 51 -26 4.7 -1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 13 8.5 +2.9
BTEK BlackRock Future Tech ETF 0.8 88 -63 -0.2 -5.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.7 75 -50 1.8 -3.8
BATT Amplify Advanced Battery Metals & Materials ETF 0.7 59 -34 2.7 -2.9
CTEC Global X CleanTech ETF 0.7 50 -25 1.7 -3.9
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -34 5.4 -0.3
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 -25 5.3 -0.3
HJEN Direxion Hydrogen ETF 0.6 45 -20 -0.2 -5.8
PZD Invesco Cleantech ETF 0.6 65 -40 3.6 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -70 8.4 +2.8
MOO VanEck Vectors Agribusiness ETF 0.6 56 -31 4.0 -1.6
PGAL Global X FTSE Portugal 20 ETF 0.6 58 -33 6.3 +0.7
SMOG VanEck Vectors Low Carbon Energy ETF 0.6 62 -37 1.2 -4.5
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 0.5 25 0 2.7 -3.0
WOOD iShares Global Timber & Forestry ETF 0.5 46 -21 7.0 +1.3
CUT Invesco MSCI Global Timber ETF 0.5 61 -36 6.6 +1.0
GIGE SoFi Gig Economy ETF 0.5 59 -34 -0.4 -6.0
IPAY ETFMG Prime Mobile Payments ETF 0.5 75 -50 4.6 -1.0
TPAY Tortoise Digital Payments Infrastructure Fund 0.5 40 -15 4.1 -1.5
AQWA Global X Clean Water ETF 0.5 50 -25 3.6 -2.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -45 9.0 +3.4
COPX Global X Copper Miners ETF 0.5 65 -40 5.2 -0.4
IWFH iShares Virtual Work and Life Multisector ETF 0.5 47 -22 0.5 -5.1
HELX Franklin Genomic Advancements ETF 0.5 50 -25 -1.0 -6.6
HDRO Defiance Next Gen H2 ETF 0.5 30 -5 -10.3 -15.9
IQM Franklin Intelligent Machines ETF 0.4 50 -25 1.7 -3.9
THNQ ROBO Global Artificial Intelligence ETF 0.4 68 -43 1.6 -4.0
JEMA JPMorgan Emerging Markets Equity Core ETF 0.4 39 -14 5.8 +0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -61 2.3 -3.4
FFTY Innovator IBD 50 ETF 0.4 80 -55 11.1 +5.5
PID Invesco International Dividend Achievers ETF 0.4 53 -28 8.0 +2.3
BOUT Innovator IBD Breakout Opportunities ETF 0.4 80 -55 7.3 +1.7
AADR AdvisorShares Dorsey Wright ADR ETF 0.4 110 -85 4.6 -1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 0.4 75 -50 2.9 -2.7
QQQN VictoryShares Nasdaq Next 50 ETF 0.4 18 7 2.9 -2.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 10 2.3 -3.3
GAMR ETFMG Video Game Tech ETF 0.4 75 -50 2.8 -2.8
FINX Global X FinTech Thematic ETF 0.4 68 -43 2.5 -3.2
ARKX ARK Space Exploration & Innovation ETF 0.3 75 -50 3.0 -2.7
RNRG Global X Renewable Energy Producers ETF 0.3 65 -40 2.4 -3.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 0.3 83 -58 5.3 -0.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.3 68 -43 2.3 -3.3
WUGI Esoterica NextG Economy ETF 0.3 75 -50 0.8 -4.8
ARKF ARK Fintech Innovation ETF 0.3 75 -50 0.5 -5.1
NLR VanEck Vectors Uranium+Nuclear Energy ETF 0.3 61 -36 7.0 +1.4
REET iShares Global REIT ETF 0.3 14 11 5.6 -0.0
RBUS Nationwide Risk-Based U.S. Equity ETF 0.3 30 -5 4.6 -1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -15 6.2 +0.5
ECLN First Trust EIP Carbon Impact ETF 0.3 97 -72 3.0 -2.6
AFK VanEck Vectors Africa Index ETF 0.2 79 -54 7.7 +2.1
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 0.2 60 -35 3.2 -2.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.2 45 -20 5.7 +0.1
LOUP Innovator Loup Frontier Tech ETF 0.2 70 -45 1.8 -3.8
DVYE iShares Emerging Markets Dividend ETF 0.2 49 -24 16.4 +10.8
RSX VanEck Vectors Russia ETF 0.2 67 -42 14.9 +9.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.2 50 -25 13.0 +7.3
VEGI iShares MSCI Global Agriculture Producers ETF 0.2 39 -14 4.2 -1.5
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.2 60 -35 3.0 -2.6
NKEF Sample Portfolio 0.2 0 25 3.8 -1.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.2 85 -60 3.4 -2.2
CRAK VanEck Vectors Oil Refiners ETF 0.2 60 -35 7.1 +1.5
UFO Procure Space ETF 0.2 75 -50 3.3 -2.4
PLAT WisdomTree Modern Tech Platforms Fund 0.2 20 5 1.3 -4.3
BFTR Future Innovators ETF 0.2 80 -55 -0.7 -6.3
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 69 -44 3.5 -2.2
EBIZ Global X E-Commerce ETF 0.2 50 -25 3.1 -2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 -7 5.5 -0.1
HACK ETFMG Prime Cyber Security ETF 0.2 60 -35 3.1 -2.5
CZA Invesco Zacks Mid-Cap ETF 0.2 69 -44 5.3 -0.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.2 60 -35 1.6 -4.0
DBLV AdvisorShares DoubleLine Value Equity ETF 0.1 91 -66 5.5 -0.2
CACG ClearBridge All Cap Growth ETF 0.1 53 -28 3.8 -1.8
LRGE ClearBridge Large Cap Growth ESG ETF 0.1 59 -34 3.2 -2.5
FPX First Trust US IPO Index Fund 0.1 58 -33 1.4 -4.2
DWLD Davis Select Worldwide ETF 0.1 63 -38 6.1 +0.5
DFNL Davis Select Financial ETF 0.1 64 -39 6.1 +0.5
HERO Global X Video Games & Esports ETF 0.1 50 -25 3.9 -1.7
HERU-GB Global X Video Games & Esports UCITS ETF 0.1 50 -25 3.4 -2.2
ESPO VanEck Vectors Video Gaming & eSports ETF 0.1 55 -30 3.0 -2.6
RAFE PIMCO RAFI ESG U.S. ETF 0.1 30 -5 6.3 +0.7
PEX ProShares Global Listed Private Equity ETF 0.1 341 -316 5.1 -0.5
AWAY ETFMG Travel Tech ETF 0.1 75 -50 -2.2 -7.8
SOCL Global X Social Media ETF 0.1 65 -40 1.9 -3.7
EDUT Global X Education ETF 0.1 50 -25 2.0 -3.6
HLAL Wahed FTSE USA Shariah ETF 0.1 50 -25 4.0 -1.6
SCHC Schwab International Small-Cap Equity ETF 0.1 11 14 5.0 -0.6
SIL Global X Silver Miners ETF 0.1 65 -40 2.8 -2.9
SLVP iShares MSCI Global Silver Miners ETF 0.1 39 -14 2.5 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -14 5.6 -0.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 0.1 75 -50 5.7 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 0.1 32 -7 4.5 -1.2
DUSA Davis Select U.S. Equity ETF 0.1 62 -37 6.1 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.1 25 0 5.4 -0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 0 5.4 -0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 14 6.8 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 11 14 5.3 -0.3
VFQY Vanguard U.S. Quality Factor ETF 0.0 13 12 5.1 -0.6
OLD The Long-Term Care ETF 0.0 30 -5 5.0 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 30 -5 4.9 -0.7
HAIL SPDR S&P Kensho Smart Mobility ETF 0.0 45 -20 4.3 -1.3
KOMP SPDR Kensho New Economies Composite ETF 0.0 20 5 1.9 -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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Europe Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.