SPDR S & P China ETF
ALTAR
Score™		 15.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.2x P/Sales
ratio		 0.9x
P/BV
ratio		 0.8x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P China ETF objective is to replicate the performance of the S&P China BMI Index. The Index measures publicly traded companies domiciled in China, but legally available to foreign inves

FUND BASICS
Category Emerging Market Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Mar 19, 2007
Assets (mns) $488
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 571
Wgt avg mkt cap (mns) $168,100
Large cap (>$10bn) 81.2%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 3.7%
Developed mkts 22.0%
Emerging mkts 78.0%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 12.7 %
ALIBABA GROUP HOLDING LTD. 10.3 %
PINDUODUO, INC. SPONSORED ADR CLAS 2.6 %
CHINA CONSTRUCTION BANK-H 2.6 %
XIAOMI CORP. CLASS B 2.6 %
MEITUAN DIANPING 1.8 %
IND & COMM BK OF CHINA - H 1.5 %
NETEASE, INC 1.3 %
BYD CO LTD-H 1.3 %
JD.COM, INC. CLASS A 1.2 %
Total 38.0 %

TOP COUNTRY EXPOSURE
CHINA 70.4 %
HONG KONG 5.5 %
CANADA 0.1 %
UNITED STATES 0.1 %
SINGAPORE 0.0 %
BRITISH VIRGIN ISLANDS 0.0 %
CAYMAN ISLANDS 0.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
34.3% 27.8% -2.1% 4.8% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.77 12%
MSCI EAFE 1.09 32%
MSCI Emg. Mkts. 1.32 54%

Technical Indicators
Recent close $101.68
30d moving avg. $103.09
Annualized volatility 28.7%
Short interest (ETF) 1.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $26,974

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 455 potential alternatives to the SPDR S & P China ETF ETF based on the alternatives' overlap in portfolio holdings with GXC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GXC Expense: 59 bp ALTAR Score™: 15.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GXC
Ticker Fund
Name		 Overlap1
vs GXC
(%)		 Expense
ratio
(bp)		 Savings
vs GXC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GXC
(%)
FLCH Franklin FTSE China ETF 69.0 19 40 15.0 -0.3
MCHI iShares MSCI China ETF 67.3 59 0 16.2 +1.0
KALL KraneShares MSCI All China Index ETF 55.2 49 10 12.7 -2.6
BKF iShares MSCI BIC ETF 50.1 69 -10 12.7 -2.6
FXI iShares China Large-Cap ETF 45.4 74 -15 16.5 +1.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 44.0 32 27 13.0 -2.2
AIA iShares Asia 50 ETF 41.4 50 9 12.1 -3.1
MCH Matthews China Active ETF 38.4 79 -20 13.6 -1.7
JCHI JPMorgan Active China ETF 36.8 65 -6 13.8 -1.5
KWEB KraneShares CSI China Internet ETF 34.5 69 -10 24.3 +9.0
GMF SPDR S&P Emerging Asia Pacific ETF 32.9 49 10 9.2 -6.1
FLAX Franklin FTSE Asia Ex Japan ETF 32.3 19 40 8.2 -7.0
PXH Invesco FTSE RAFI Emerging Markets ETF 32.0 49 10 14.6 -0.6
KTEC KraneShares Hang Seng TECH Index ETF 31.6 69 -10 18.8 +3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.5 20 39 9.3 -5.9
EEMO Invesco S&P Emerging Markets Momentum ETF 31.3 29 30 7.4 -7.8
EEMA iShares MSCI Emerging Markets Asia ETF 30.9 49 10 8.7 -6.5
LDEM iShares ESG MSCI EM Leaders ETF 30.3 17 42 13.4 -1.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 29.4 86 -27 13.2 -2.0
FDNI First Trust Dow Jones International Internet ETF 29.3 65 -6 20.9 +5.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.9 70 -11 8.1 -7.1
ECON Columbia Emerging Markets Consumer ETF 28.7 49 10 11.2 -4.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 28.3 15 44 7.2 -8.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 28.2 66 -7 8.6 -6.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 27.2 15 44 9.3 -5.9
JHEM John Hancock Multifactor Emerging Markets ETF 26.9 49 10 9.2 -6.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 26.8 36 23 8.8 -6.5
BKEM BNY Mellon Emerging Markets Equity ETF 26.7 11 48 9.0 -6.3
SPEM SPDR Portfolio Emerging Markets ETF 26.3 7 52 10.1 -5.1
SCHE Schwab Emerging Markets Equity ETF 26.3 11 48 10.3 -5.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 25.9 45 14 9.4 -5.9
VWO Vanguard FTSE Emerging Markets ETF 25.8 7 52 9.9 -5.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 25.7 30 29 9.3 -5.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.0 39 20 15.3 +0.0
EEM iShares MSCI Emerging Markets ETF 25.0 69 -10 9.2 -6.0
AVEM Avantis Emerging Markets Equity ETF 24.0 33 26 8.0 -7.2
ESGE iShares ESG Aware MSCI EM ETF 23.0 25 34 9.1 -6.2
CHIQ Global X MSCI China Consumer Discretionary ETF 22.7 65 -6 13.8 -1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 22.4 33 26 9.1 -6.2
IEMG iShares Core MSCI Emerging Markets ETF 22.2 9 50 9.5 -5.8
DFAE Dimensional Emerging Core Equity Market ETF 22.2 35 24 8.4 -6.9
TCHI iShares MSCI China Multisector Tech ETF 22.0 59 0 15.8 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 21.8 41 18 7.9 -7.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 21.7 38 21 8.4 -6.9
EMXF iShares ESG Advanced MSCI EM ETF 21.1 16 43 7.7 -7.5
FDEM Fidelity Emerging Markets Multifactor ETF 21.0 25 34 11.8 -3.4
CGRO CoreValues Alpha Greater China Growth ETF 20.9 75 -16 3.3 -11.9
EMGF iShares Emerging Markets Equity Factor ETF 20.7 25 34 10.4 -4.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 20.5 35 24 15.8 +0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.2 30 29 8.6 -6.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 20.0 60 -1 9.7 -5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.4 59 0 8.4 -6.9
DFEV Dimensional Emerging Markets Value ETF 19.2 43 16 11.7 -3.6
AVSE Avantis Responsible Emerging Markets Equity ETF 18.7 33 26 7.8 -7.5
MINV Matthews Asia Innovators Active ETF 18.6 79 -20 6.7 -8.6
DEHP Dimensional Emerging Markets High Profitability ETF 18.4 41 18 6.2 -9.1
EMC Global X Emerging Markets Great Consumer ETF 18.4 75 -16 7.1 -8.1
MEM Matthews Emerging Markets Equity Active ETF 18.2 79 -20 7.0 -8.2
CQQQ Invesco China Technology ETF 17.6 70 -11 14.5 -0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 17.4 36 23 7.1 -8.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.1 32 27 8.1 -7.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.8 50 9 10.1 -5.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 14.3 40 19 6.5 -8.7
ROAM Hartford Multifactor Emerging Markets ETF 14.1 44 15 11.0 -4.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 14.0 45 14 10.0 -5.2
DEM WisdomTree Emerging Markets High Dividend Fund 12.1 63 -4 12.8 -2.5
SOCL Global X Social Media ETF 11.1 65 -6 10.7 -4.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.9 95 -36 10.8 -4.4
PATN Pacer Nasdaq International Patent Leaders ETF 10.6 65 -6 5.2 -10.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.5 25 34 6.3 -8.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.6 75 -16 3.2 -12.0
ODDS Pacer BlueStar Digital Entertainment ETF 9.0 60 -1 2.7 -12.6
AVES Avantis Emerging Markets Value ETF 8.9 36 23 10.6 -4.6
DVYE iShares Emerging Markets Dividend ETF 8.6 49 10 17.9 +2.7
ESPO VanEck Video Gaming and eSports ETF 8.5 56 3 5.0 -10.2
RNEM First Trust Emerging Markets Equity Select ETF 8.5 75 -16 8.4 -6.8
RXI iShares Global Consumer Discretionary ETF 8.1 41 18 8.1 -7.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.0 41 18 7.0 -8.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.0 18 41 7.2 -8.1
ACWX iShares MSCI ACWI ex U.S. ETF 7.9 34 25 7.3 -8.0
VEU Vanguard FTSE All-World ex-US Index Fund 7.8 4 55 7.6 -7.6
CWI SPDR MSCI ACWI ex-US ETF 7.7 30 29 7.3 -7.9
FCA First Trust China AlphaDEX Fund 7.7 80 -21 9.0 -6.2
FEM First Trust Emerging Markets AlphaDEX Fund 7.5 80 -21 11.3 -3.9
WRND IQ Global Equity R&D Leaders ETF 7.4 18 41 7.4 -7.8
VXUS Vanguard Total International Stock ETF 7.3 5 54 7.6 -7.7
IXUS iShares Core MSCI Total International Stock ETF 7.2 7 52 7.5 -7.8
VSGX Vanguard ESG International Stock ETF 7.1 10 49 7.5 -7.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.1 44 15 10.4 -4.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.0 30 29 7.5 -7.8
CHAT Roundhill Generative AI & Technology ETF 6.9 75 -16 7.1 -8.2
IXP iShares Global Comm Services ETF 6.8 42 17 5.8 -9.4
BNGE First Trust S-Network Streaming and Gaming ETF 6.8 70 -11 2.7 -12.6
MOTI VanEck Morningstar International Moat ETF 6.7 58 1 10.5 -4.7
ARVR First Trust Indxx Metaverse ETF 6.5 70 -11 4.0 -11.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -19 8.9 -6.3
RODE Hartford Multifactor Diversified International ETF 6.4 29 30 10.3 -4.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.4 90 -31 4.8 -10.5
FMET Fidelity Metaverse ETF 6.1 39 20 4.6 -10.7
IVRS iShares Future Metaverse Tech and Communications ETF 6.1 47 12 3.1 -12.2
OGIG ALPS O'Shares Global Internet Giants ETF 6.1 48 11 2.1 -13.1
MOTG VanEck Morningstar Global Wide Moat ETF 6.0 52 7 8.6 -6.6
JIG JPMorgan International Growth ETF 5.8 55 4 4.5 -10.7
ISHP First Trust Nasdaq Retail ETF 5.6 60 -1 5.5 -9.8
VYMI Vanguard International High Dividend Yield ETF 5.5 17 42 9.2 -6.1
ACWV iShares MSCI Global Min Vol Factor ETF 5.4 20 39 6.0 -9.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.2 67 -8 14.8 -0.4
METV Roundhill Ball Metaverse ETF 5.1 59 0 8.7 -6.5
ANEW ProShares MSCI Transformational Changes ETF 5.1 45 14 5.2 -10.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.0 65 -6 8.0 -7.3
GSIB Themes Global Systemically Important Banks ETF 4.9 35 24 9.3 -5.9
CNYA iShares MSCI China A ETF 4.9 60 -1 7.0 -8.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 4.8 42 17 9.4 -5.9
GGME Invesco Next Gen Media and Gaming ETF 4.8 60 -1 4.5 -10.7
FDCF Fidelity Disruptive Communications ETF 4.6 50 9 4.1 -11.2
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 12 8.5 -6.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 4.4 65 -6 6.9 -8.4
IBUY Amplify Online Retail ETF 4.1 65 -6 2.7 -12.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.0 60 -1 8.0 -7.2
XT iShares Exponential Technologies ETF 4.0 46 13 4.5 -10.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.9 47 12 7.9 -7.4
IVES Wedbush ETFMG Global Cloud Technology ETF 3.9 68 -9 5.7 -9.6
ECNS iShares MSCI China Small-Cap ETF 3.8 59 0 8.9 -6.3
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 4 7.6 -7.6
AIQ Global X Artificial Intelligence & Technology ETF 3.7 68 -9 3.5 -11.8
UMMA Wahed Dow Jones Islamic World ETF 3.7 65 -6 4.8 -10.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.5 70 -11 7.3 -7.9
DINT Davis Select International ETF 3.4 55 4 7.6 -7.7
DWLD Davis Select Worldwide ETF 3.4 63 -4 7.2 -8.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.3 75 -16 2.7 -12.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.3 80 -21 9.3 -6.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.2 70 -11 11.7 -3.5
GINN Goldman Sachs Innovate Equity ETF 3.1 52 7 3.6 -11.7
KGRN KraneShares MSCI China Clean Technology Index ETF 3.1 79 -20 0.4 -14.9
TTAI FCF International Quality ETF 3.1 59 0 7.2 -8.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.0 20 39 5.5 -9.8
IBLC iShares Blockchain and Tech ETF 3.0 47 12 -1.4 -16.6
EBIZ Global X E-Commerce ETF 2.9 50 9 4.0 -11.2
GLOF iShares Global Equity Factor ETF 2.8 20 39 6.6 -8.6
ACWI iShares MSCI ACWI ETF 2.8 32 27 5.3 -9.9
WUGI AXS Esoterica NextG Economy ETF 2.8 75 -16 2.2 -13.1
EYLD Cambria Emerging Shareholder Yield ETF 2.8 66 -7 11.6 -3.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.8 49 10 4.9 -10.3
CLNR IQ Cleaner Transport ETF 2.8 45 14 5.0 -10.2
PGJ Invesco Golden Dragon China ETF 2.7 70 -11 13.1 -2.2
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -1 7.7 -7.5
DEW WisdomTree Global High Dividend Fund 2.7 58 1 8.4 -6.8
VT Vanguard Total World Stock ETF 2.7 6 53 5.7 -9.6
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 49 5.5 -9.7
ONLN ProShares Online Retail ETF 2.6 58 1 2.4 -12.8
XNTK SPDR NYSE Technology ETF 2.6 35 24 3.5 -11.8
ERTH Invesco MSCI Sustainable Future ETF 2.6 62 -3 3.3 -12.0
WDIV SPDR S&P Global Dividend ETF 2.5 40 19 9.1 -6.2
IPKW Invesco International BuyBack Achievers ETF 2.5 55 4 9.0 -6.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.5 9 50 5.5 -9.8
KURE KraneShares MSCI All China Health Care Index ETF 2.5 65 -6 2.9 -12.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.4 12 47 5.0 -10.2
FEOE First Eagle Overseas Equity ETF 2.4 79 -20 7.1 -8.1
CGXU Capital Group International Focus Equity ETF 2.4 54 5 5.3 -9.9
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 -20 7.9 -7.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.4 29 30 8.8 -6.4
IXG iShares Global Financials ETF 2.3 42 17 6.6 -8.6
BUYZ Franklin Disruptive Commerce ETF 2.3 50 9 2.4 -12.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.2 57 2 3.8 -11.4
FPXI First Trust International Equity Opportunities ETF 2.2 70 -11 4.2 -11.0
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -16 4.8 -10.4
IGRO iShares International Dividend Growth ETF 2.2 15 44 7.1 -8.1
CARZ First Trust NASDAQ Global Auto Index Fund 2.1 70 -11 4.1 -11.2
DGT SPDR Global Dow ETF 2.1 50 9 6.6 -8.7
DRIV Global X Autonomous & Electric Vehicles ETF 2.1 68 -9 4.5 -10.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.1 39 20 -1.2 -16.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 -21 8.6 -6.6
JSTC Adasina Social Justice All Cap Global ETF 2.1 89 -30 5.0 -10.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.1 55 4 7.1 -8.2
IDRV iShares Self-driving EV & Tech ETF 2.1 47 12 1.3 -13.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.0 20 39 4.7 -10.6
EWX SPDR S&P Emerging Markets Small Cap ETF 2.0 65 -6 7.6 -7.6
BATT Amplify Lithium & Battery Technology ETF 2.0 59 0 2.7 -12.5
AIVC Amplify Bloomberg AI Value Chain ETF 1.9 59 0 5.4 -9.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.9 8 51 7.2 -8.0
SMOG VanEck Low Carbon Energy ETF 1.9 61 -2 1.5 -13.8
FDTX Fidelity Disruptive Technology ETF 1.9 50 9 2.4 -12.8
RAYC Rayliant Quantamental China Equity ETF 1.8 80 -21 8.2 -7.1
MOTO SmartETFs Smart Transportation & Technology ETF 1.6 68 -9 6.4 -8.9
APIE ActivePassive International Equity ETF 1.6 45 14 7.1 -8.2
FEGE First Eagle Global Equity ETF 1.6 79 -20 6.7 -8.6
OND ProShares On-Demand ETF 1.5 58 1 -0.5 -15.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 -13 -1.3 -16.5
BWEB Bitwise Web3 ETF 1.4 85 -26 -0.1 -15.3
IOO iShares Global 100 ETF 1.4 41 18 4.5 -10.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.4 39 20 9.4 -5.9
SCHY Schwab International Dividend Equity ETF 1.4 14 45 9.5 -5.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 1 9.4 -5.8
NXTG First Trust Indxx NextG ETF 1.3 70 -11 4.8 -10.4
KNCT Invesco Next Gen Connectivity ETF 1.3 40 19 4.5 -10.8
PBD Invesco Global Clean Energy ETF 1.3 75 -16 0.8 -14.4
FILL iShares MSCI Global Energy Producers ETF 1.3 39 20 11.4 -3.8
LIT Global X Lithium & Battery Tech ETF 1.3 75 -16 4.6 -10.6
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 20 11.1 -4.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 24 4.1 -11.2
FLHK Franklin FTSE Hong Kong ETF 1.3 9 50 4.3 -10.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 47 8.3 -6.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.2 48 11 6.9 -8.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.2 70 -11 7.9 -7.3
CGIE Capital Group International Equity ETF 1.2 54 5 4.9 -10.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.2 65 -6 5.1 -10.2
VIDI Vident International Equity Strategy ETF 1.2 61 -2 10.4 -4.8
COPX Global X Copper Miners ETF 1.2 65 -6 5.9 -9.4
ION ProShares S&P Global Core Battery Metals ETF 1.1 58 1 8.3 -7.0
EMIF iShares Emerging Markets Infrastructure ETF 1.1 60 -1 4.6 -10.6
OAIM OneAscent International Equity ETF 1.1 95 -36 5.4 -9.8
INTF iShares International Equity Factor ETF 1.0 15 44 7.4 -7.9
AGMI Themes Silver Miners ETF 1.0 35 24 4.7 -10.6
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 12 3.4 -11.9
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 20 5.8 -9.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 1 4.5 -10.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 17 6.2 -9.0
IGF iShares Global Infrastructure ETF 0.9 41 18 4.6 -10.6
GNR SPDR S&P Global Natural Resources ETF 0.9 40 19 10.6 -4.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.9 46 13 9.7 -5.5
GII SPDR S&P Global Infrastructure ETF 0.9 40 19 4.7 -10.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.9 20 39 2.7 -12.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -21 13.9 -1.4
TRFM AAM Transformers ETF 0.9 49 10 1.2 -14.1
GCOW Pacer Global Cash Cows Dividend ETF 0.9 60 -1 10.6 -4.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.9 65 -6 10.3 -4.9
DFNL Davis Select Financial ETF 0.9 63 -4 7.6 -7.7
GVAL Cambria Global Value ETF 0.8 68 -9 10.7 -4.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 22 7.9 -7.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 49 6.8 -8.5
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 10 9.3 -6.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 10 6.9 -8.3
RING iShares MSCI Global Gold Miners ETF 0.8 39 20 4.3 -11.0
UIVM VictoryShares International Value Momentum ETF 0.7 35 24 8.4 -6.9
IGPT Invesco AI and Next Gen Software ETF 0.7 60 -1 4.1 -11.2
FBOT Fidelity Disruptive Automation ETF 0.7 50 9 3.3 -12.0
CGV Conductor Global Equity Value ETF 0.7 130 -71 8.0 -7.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 40 5.4 -9.9
OZEM Roundhill GLP-1 & Weight Loss ETF 0.7 59 0 3.7 -11.6
THNR Amplify Weight Loss Drug & Treatment ETF 0.7 59 0 7.5 -7.8
CZA Invesco Zacks Mid-Cap ETF 0.6 72 -13 7.5 -7.8
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 49 6.4 -8.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.6 60 -1 10.9 -4.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 13 5.7 -9.5
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -26 6.1 -9.2
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 12 5.1 -10.1
IXC iShares Global Energy ETF 0.6 44 15 10.2 -5.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.6 29 30 7.6 -7.6
ICLN iShares Global Clean Energy ETF 0.6 41 18 2.9 -12.3
VPL Vanguard FTSE Pacific ETF 0.5 7 52 6.3 -9.0
CGDG Capital Group Dividend Growers ETF 0.5 47 12 6.1 -9.2
FENI Fidelity Enhanced International ETF 0.5 28 31 6.2 -9.1
IXN iShares Global Tech ETF 0.5 41 18 3.3 -11.9
SHPP Pacer Industrials and Logistics ETF 0.5 60 -1 8.1 -7.1
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 20 9.1 -6.1
FDLS Inspire Fidelis Multi Factor ETF 0.5 76 -17 4.6 -10.6
QQQ Invesco QQQ Trust Series I 0.5 20 39 4.0 -11.2
QQQM Invesco NASDAQ 100 ETF 0.5 15 44 4.1 -11.2
IQSI IQ Candriam International Equity ETF 0.5 15 44 6.2 -9.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 10 3.7 -11.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -21 11.0 -4.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 55 6.0 -9.2
EATZ AdvisorShares Restaurant ETF 0.4 101 -42 7.9 -7.4
JOET Virtus Terranova US Quality Momentum ETF 0.4 29 30 4.8 -10.4
TMFG Motley Fool Global Opportunities ETF 0.4 85 -26 4.0 -11.3
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 44 6.1 -9.1
LYLD Cambria Large Cap Shareholder Yield ETF 0.4 59 0 10.0 -5.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 4 6.9 -8.4
BOTT Themes Robotics & Automation ETF 0.4 35 24 -1.2 -16.4
FBCG Fidelity Blue Chip Growth ETF 0.4 59 0 2.8 -12.4
AVIV Avantis International Large Cap Value ETF 0.4 25 34 8.4 -6.9
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 29 9.8 -5.5
FDHT Fidelity Digital Health ETF 0.4 39 20 1.5 -13.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 12 5.7 -9.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -6 1.8 -13.4
TMAT Main Thematic Innovation ETF 0.4 164 -105 -1.5 -16.7
DIHP Dimensional International High Profitability ETF 0.4 29 30 6.7 -8.5
BOAT SonicShares Global Shipping ETF 0.4 69 -10 26.2 +10.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 12 5.3 -9.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 38 3.6 -11.6
HAIL SPDR S&P Kensho Smart Mobility ETF 0.4 45 14 1.3 -14.0
COPA Themes Copper Miners ETF 0.4 35 24 4.6 -10.6
WWJD Inspire International ETF 0.4 80 -21 7.1 -8.2
FYLD Cambria Foreign Shareholder Yield ETF 0.4 59 0 11.6 -3.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 39 6.5 -8.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 24 1.2 -14.0
SPYA Twin Oak Endure ETF 0.4 80 -21 -0.4 -15.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 35 7.2 -8.0
IPAC iShares Core MSCI Pacific ETF 0.4 9 50 6.1 -9.2
EFAS Global X MSCI SuperDividend EAFE ETF 0.3 57 2 8.7 -6.5
EWH iShares MSCI Hong Kong ETF 0.3 50 9 5.0 -10.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 50 8.9 -6.3
SUPL ProShares Supply Chain Logistics ETF 0.3 58 1 10.3 -4.9
AVDE Avantis International Equity ETF 0.3 23 36 7.1 -8.1
TEMP JPMorgan Climate Change Solutions ETF 0.3 49 10 5.6 -9.7
BKIE BNY Mellon International Equity ETF 0.3 4 55 6.6 -8.6
PBW Invesco WilderHill Clean Energy ETF 0.3 66 -7 -3.1 -18.3
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 19 9.8 -5.4
JGLO JPMorgan Global Select Equity ETF 0.3 33 26 4.9 -10.3
SETM Sprott Energy Transition Materials ETF 0.3 65 -6 2.2 -13.0
BLES Inspire Global Hope ETF 0.3 61 -2 6.8 -8.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 1 4.2 -11.1
DXIV Dimensional International Vector Equity ETF 0.3 34 25 7.6 -7.6
IQRA IQ CBRE Real Assets ETF 0.3 65 -6 5.7 -9.5
DTAN Sparkline International Intangible Value ETF 0.3 55 4 8.0 -7.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 39 4.0 -11.2
FRNW Fidelity Clean Energy ETF 0.3 39 20 2.1 -13.2
SFYF SoFi Social 50 ETF 0.3 29 30 0.9 -14.3
DFIC Dimensional International Core Equity 2 ETF 0.3 23 36 7.2 -8.1
DTH WisdomTree International High Dividend Fund 0.3 58 1 8.1 -7.1
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 36 8.1 -7.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 19 6.9 -8.3
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 20 5.8 -9.4
CTEC Global X CleanTech ETF 0.3 50 9 0.5 -14.7
DMAT Global X Disruptive Materials ETF 0.2 59 0 7.3 -7.9
DFIV Dimensional International Value ETF 0.2 27 32 9.1 -6.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 14 8.5 -6.8
TAN Invesco Solar ETF 0.2 67 -8 5.4 -9.8
SCHC Schwab International Small-Cap Equity ETF 0.2 11 48 7.6 -7.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.2 68 -9 2.3 -13.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 34 6.9 -8.4
HAP VanEck Natural Resources ETF 0.2 50 9 9.1 -6.2
AVDS Avantis International Small Cap Equity ETF 0.2 30 29 7.0 -8.2
FAN First Trust Global Wind Energy ETF 0.2 60 -1 3.9 -11.3
DIM WisdomTree International MidCap Dividend Fund 0.2 58 1 7.2 -8.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.2 32 27 6.0 -9.2
JHID John Hancock International High Dividend ETF 0.2 46 13 8.7 -6.5
FCLD Fidelity Cloud Computing ETF 0.2 39 20 3.2 -12.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 20 6.4 -8.9
HERO Global X Video Games & Esports ETF 0.2 50 9 4.3 -10.9
DTEC ALPS Disruptive Technologies ETF 0.2 50 9 3.6 -11.7
NERD Roundhill Video Games ETF 0.2 50 9 6.3 -9.0
SDIV Global X Superdividend ETF 0.2 58 1 42.3 +27.1
EWS iShares MSCI Singapore ETF 0.2 50 9 4.8 -10.5
IVAL Alpha Architect International Quantitative Value ETF 0.2 49 10 10.5 -4.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.2 80 -21 4.2 -11.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.2 65 -6 4.7 -10.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 39 6.6 -8.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 9.1 -6.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.2 79 -20 4.8 -10.5
AGNG Global X Aging Population ETF 0.2 50 9 4.8 -10.5
ICOP iShares Copper and Metals Mining ETF 0.2 47 12 8.0 -7.2
VEA Vanguard FTSE Developed Markets ETF 0.2 3 56 6.8 -8.4
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 25 5.6 -9.7
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 29 6.2 -9.1
GDXJ VanEck Junior Gold Miners ETF 0.2 52 7 4.2 -11.0
GMET VanEck Green Metals ETF 0.2 63 -4 7.9 -7.3
PNQI Invesco NASDAQ Internet ETF 0.2 60 -1 3.5 -11.7
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -47 12.0 -3.2
SCHF Schwab International Equity ETF 0.2 6 53 6.8 -8.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 10 5.9 -9.3
GDX VanEck Gold Miners ETF 0.2 51 8 4.1 -11.2
BINV Brandes International ETF 0.2 70 -11 9.2 -6.1
AUMI Themes Gold Miners ETF 0.2 35 24 4.2 -11.1
DFIS Dimensional International Small Cap ETF 0.2 39 20 7.1 -8.1
MOO VanEck Agribusiness ETF 0.2 53 6 11.0 -4.2
DWM WisdomTree International Equity Fund 0.2 48 11 7.1 -8.1
EFV iShares MSCI EAFE Value ETF 0.2 34 25 8.7 -6.5
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -51 4.8 -10.5
DWMF WisdomTree International Multifactor Fund 0.2 38 21 7.0 -8.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 21 4.5 -10.8
DFAI Dimensional International Core Equity Market ETF 0.1 18 41 6.9 -8.4
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 -2 5.5 -9.7
RNRG Global X Renewable Energy Producers ETF 0.1 66 -7 5.1 -10.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 19 7.1 -8.1
AQWA Global X Clean Water ETF 0.1 50 9 5.0 -10.3
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 0 5.9 -9.3
KSTR KraneShares SSE STAR Market 50 Index ETF 0.1 89 -30 0.8 -14.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 29 6.9 -8.4
IEFA iShares Core MSCI EAFE ETF 0.1 7 52 6.7 -8.5
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 9 11.7 -3.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.1 60 -1 3.4 -11.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 -2 1.9 -13.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 -2 -0.6 -15.8
VWID Virtus WMC International Dividend ETF 0.1 49 10 8.1 -7.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 29 5.4 -9.8
GNOM Global X Genomics & Biotechnology ETF 0.1 50 9 -2.8 -18.1
AWAY ETFMG Travel Tech ETF 0.1 76 -17 -0.1 -15.3
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 55 6.7 -8.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 39 -4.5 -19.8
CNXT VanEck ChiNext ETF 0.1 65 -6 3.7 -11.6
HEAL Global X HealthTech ETF 0.1 50 9 -0.6 -15.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 39 6.1 -9.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 23 6.3 -9.0
EFA iShares MSCI EAFE ETF 0.1 35 24 6.4 -8.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 1 8.2 -7.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 20 7.7 -7.6
MDEV First Trust Indxx Medical Devices ETF 0.1 70 -11 4.8 -10.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.1 69 -10 2.0 -13.3
JETS U.S. Global Jets ETF 0.1 60 -1 3.3 -12.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 14 1.4 -13.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 47 5.2 -10.0
AVDV Avantis International Small Cap Value ETF 0.1 36 23 9.1 -6.2
ARKX ARK Space Exploration & Innovation ETF 0.1 75 -16 0.2 -15.1
EBLU Ecofin Global Water ESG Fund 0.1 40 19 4.4 -10.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 37 6.0 -9.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.1 59 0 3.8 -11.4
IBAT iShares Energy Storage & Materials ETF 0.1 47 12 2.4 -12.8
CUT Invesco MSCI Global Timber ETF 0.1 61 -2 11.2 -4.0
WFH Direxion Work From Home ETF 0.1 45 14 3.7 -11.5
BBP Virtus LifeSci Biotech Products ETF 0.1 79 -20 -1.6 -16.9
IBB iShares Biotechnology ETF 0.1 45 14 -0.0 -15.3
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 40 0.3 -14.9
SYNB Putnam BioRevolution ETF 0.1 70 -11 2.6 -12.7
MEDI Harbor Health Care ETF 0.1 80 -21 -1.8 -17.1
CANC Tema Oncology ETF 0.1 75 -16 -2.7 -17.9
FMED Fidelity Disruptive Medicine ETF 0.1 50 9 -0.7 -15.9
CNRG SPDR S&P Kensho Clean Power ETF 0.1 45 14 1.4 -13.8
CGW Invesco S&P Global Water Index ETF 0.1 57 2 4.7 -10.6
FSST Fidelity Sustainable U.S. Equity ETF 0.1 59 0 4.2 -11.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 50 7.7 -7.6
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 35 6.2 -9.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.8 -9.4
ILIT iShares Lithium Miners and Producers ETF 0.1 47 12 5.6 -9.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -24 9.0 -6.2
IQM Franklin Intelligent Machines ETF 0.1 50 9 1.9 -13.3
XITK SPDR FactSet Innovative Technology ETF 0.1 45 14 -0.1 -15.3
WOOD iShares Global Timber & Forestry ETF 0.0 42 17 13.4 -1.9
AVSD Avantis Responsible International Equity ETF 0.0 23 36 5.1 -10.2
AIS VistaShares Artificial Intelligence Supercycle ETF 0.0 75 -16 2.4 -12.9
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 4.2 -11.1
NUKZ Range Nuclear Renaissance Index ETF 0.0 85 -26 1.2 -14.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 50 5.1 -10.2
CLOU Global X Cloud Computing ETF 0.0 68 -9 2.3 -13.0
NLR VanEck Uranium+Nuclear Energy ETF 0.0 61 -2 1.4 -13.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.0 55 4 4.2 -11.0
URA Global X Uranium ETF 0.0 69 -10 1.1 -14.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.0 50 9 3.6 -11.7
URNJ Sprott Junior Uranium Miners ETF 0.0 80 -21 -3.7 -18.9
SPAM Themes Cybersecurity ETF 0.0 35 24 2.4 -12.9
URAN Themes Uranium & Nuclear ETF 0.0 35 24 1.3 -14.0
REMX VanEck Rare Earth/Strategic Metals ETF 0.0 54 5 4.2 -11.0
LITP Sprott Lithium Miners ETF 0.0 65 -6 2.3 -12.9
FINX Global X FinTech ETF 0.0 68 -9 2.8 -12.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.0 56 3 2.8 -12.5
BITQ Bitwise Crypto Industry Innovators ETF 0.0 85 -26 -1.9 -17.1
BKCH Global X Blockchain ETF 0.0 50 9 -3.3 -18.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 48 4.8 -10.4
FTAG First Trust Indxx Global Agriculture ETF 0.0 70 -11 8.5 -6.8
TOK iShares MSCI Kokusai ETF 0.0 26 33 4.9 -10.3
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 0 2.0 -13.3
URTH iShares MSCI World ETF 0.0 24 35 4.9 -10.3
EV Mast Global Battery Recycling & Production ETF 0.0 65 -6 6.7 -8.5
DAPP VanEck Digital Transformation ETF 0.0 50 9 0.0 -15.2
LIMI Themes Lithium & Battery Metal Miners ETF 0.0 35 24 4.3 -11.0
BLOK Amplify Transformational Data Sharing ETF 0.0 75 -16 0.3 -15.0
WGMI Valkyrie Bitcoin Miners ETF 0.0 75 -16 -3.7 -18.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.0 39 20 -0.7 -16.0
BFOR ALPS Barron's 400 ETF 0.0 65 -6 6.0 -9.2
KROP Global X AgTech & Food Innovation ETF 0.0 50 9 7.0 -8.3
VICE AdvisorShares Vice ETF 0.0 99 -40 6.4 -8.9
HRTS Tema Heart & Health ETF 0.0 75 -16 2.3 -13.0
DISV Dimensional International Small Cap Value ETF 0.0 42 17 9.0 -6.2
WISE Themes Generative Artificial Intelligence ETF 0.0 35 24 -0.4 -15.7
EBI Longview Advantage ETF 0.0 35 24 6.7 -8.5

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:		 SPDR S & P China ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 15.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.53
 
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.