iShares International Developed Real Estate ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 14.3x P/Sales
ratio		 3.3x
P/BV
ratio		 0.7x Div.
yield		 4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares FTSE EPRA/NAREIT Developed Real Estate ex-US Index Fund seeks investment results that correspond to the performance of the FTSE EPRA/NAREIT Global Real Estate ex-US Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 12, 2007
Assets (mns) $111
Currency USD
Expense ratio 48 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 261
Wgt avg mkt cap (mns) $9,276
Large cap (>$10bn) 29.9%
Mid cap ($2-10bn) 52.2%
Small cap (<$2bn) 18.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
GOODMAN GROUP 6.1 %
MITSUI FUDOSAN CO LTD 4.6 %
MITSUBISHI ESTATE CO LTD 3.3 %
DEUTSCHE ANNINGTON IMMOBILIE 3.1 %
SEGRO PLC 2.3 %
SUMITOMO REALTY & DEVELOPMNT 2.3 %
SUN HUNG KAI PROPERTIES 2.1 %
SCENTRE GROUP 1.8 %
LINK REIT 1.7 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 1.4 %
Total 28.7 %

TOP COUNTRY EXPOSURE
JAPAN 26.6 %
AUSTRALIA 14.4 %
BRITAIN 10.0 %
SINGAPORE 7.7 %
HONG KONG 7.5 %
CANADA 6.5 %
GERMANY 4.7 %
SWITZERLAND 2.9 %
SWEDEN 2.8 %
FRANCE 2.7 %

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.
-1.7% 6.5% -3.3% 0.8% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.86 60%
MSCI EAFE 1.03 80%
MSCI Emg. Mkts. 0.84 57%

Technical Indicators
Recent close $20.19
30d moving avg. $19.96
Annualized volatility 19.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $1,827

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 248 potential alternatives to the iShares International Developed Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with IFGL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IFGL Expense: 48 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IFGL
Ticker Fund
Name		 Overlap1
vs IFGL
(%)		 Expense
ratio
(bp)		 Savings
vs IFGL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IFGL
(%)
WPS iShares International Developed Property ETF 83.1 48 0 7.2 +0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 68.8 10 38 8.1 +1.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 65.1 12 36 8.7 +1.7
RWX SPDR Dow Jones International Real Estate ETF 58.0 59 -11 7.1 +0.2
ERET iShares Environmentally Aware Real Estate ETF 36.9 30 18 7.2 +0.3
RWO SPDR Dow Jones Global Real Estate ETF 27.1 50 -2 6.9 -0.1
REET iShares Global REIT ETF 26.8 14 34 7.1 +0.1
AVRE Avantis Real Estate ETF 25.1 17 31 6.6 -0.3
GQRE FlexShares Global Quality Real Estate Index Fund 23.8 45 3 6.8 -0.1
DFGR Dimensional Global Real Estate ETF 22.5 22 26 7.0 +0.1
WTRE WisdomTree New Economy Real Estate Fund 19.5 58 -10 5.0 -1.9
IQRA IQ CBRE Real Assets ETF 15.4 65 -17 5.9 -1.1
ROOF IQ CBRE NextGen Real Estate ETF 14.0 60 -12 7.9 +0.9
DWX SPDR S&P International Dividend ETF 9.8 45 3 7.1 +0.1
INDS Pacer Industrial Real Estate ETF 9.3 55 -7 6.2 -0.8
IDLV Invesco S&P International Developed Low Volatility ETF 8.7 25 23 5.8 -1.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.5 19 29 5.8 -1.1
EPP iShares MSCI Pacific ex-Japan ETF 8.4 47 1 5.3 -1.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 8.4 60 -12 3.9 -3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.3 49 -1 6.7 -0.3
FLHK Franklin FTSE Hong Kong ETF 7.8 9 39 7.5 +0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 7.7 37 11 8.7 +1.7
SCZ iShares MSCI EAFE Small-Cap ETF 7.5 40 8 0.0 -7.0
ERTH Invesco MSCI Sustainable Future ETF 7.5 62 -14 3.7 -3.3
EWH iShares MSCI Hong Kong ETF 7.3 50 -2 7.1 +0.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 7.2 75 -27 4.9 -2.1
SPRE SP Funds S&P Global REIT Sharia ETF 7.2 55 -7 5.4 -1.6
IEUS iShares MSCI Europe Small-Cap ETF 7.2 42 6 0.0 -7.0
DIM WisdomTree International MidCap Dividend Fund 7.2 58 -10 7.6 +0.6
RITA ETFB Green SRI REITs ETF 7.0 50 -2 5.9 -1.0
AIVI WisdomTree International AI Enhanced Value Fund 6.9 58 -10 8.0 +1.0
SCHC Schwab International Small-Cap Equity ETF 6.9 11 37 6.4 -0.6
BLLD JPMorgan Sustainable Infrastructure ETF 6.8 49 -1 6.2 -0.8
SCJ iShares MSCI Japan Small-Cap ETF 6.8 50 -2 6.3 -0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 6.6 49 -1 5.8 -1.2
EWUS iShares MSCI United Kingdom Small Cap ETF 6.5 59 -11 6.2 -0.7
EWA iShares MSCI Australia ETF 6.1 50 -2 5.3 -1.7
ISCF iShares International SmallCap Equity Factor ETF 5.6 23 25 8.7 +1.8
FLAU Franklin FTSE Australia ETF 5.5 9 39 5.8 -1.2
DVYA iShares Asia/Pacific Dividend ETF 5.3 49 -1 9.1 +2.2
FNDC Schwab Fundamental International Small Co. Index ETF 5.3 39 9 6.8 -0.1
ISZE iShares MSCI Intl Size Factor ETF 5.2 30 18 6.5 -0.4
IPAC iShares Core MSCI Pacific ETF 5.1 9 39 6.6 -0.4
EWJV iShares MSCI Japan Value ETF 5.1 15 33 8.8 +1.9
GWX SPDR S&P International Small Cap ETF 4.9 40 8 6.6 -0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 4.9 7 41 6.5 -0.5
VPL Vanguard FTSE Pacific ETF 4.3 8 40 6.9 -0.1
EWS iShares MSCI Singapore ETF 4.3 50 -2 4.1 -2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 4.2 83 -35 9.0 +2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.1 80 -32 10.0 +3.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.1 58 -10 9.0 +2.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.0 78 -30 8.9 +2.0
FDEV Fidelity International Multifactor ETF 4.0 18 30 7.5 +0.5
BLDG Cambria Global Real Estate ETF 3.9 60 -12 9.3 +2.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.9 39 9 12.6 +5.6
DLS WisdomTree International SmallCap Dividend Fund 3.9 58 -10 8.7 +1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 3.7 12 36 5.4 -1.6
UIVM VictoryShares International Value Momentum ETF 3.6 35 13 10.6 +3.7
DTH WisdomTree International High Dividend Fund 3.6 58 -10 10.1 +3.2
EFV iShares MSCI EAFE Value ETF 3.5 34 14 9.1 +2.1
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.5 68 -20 8.8 +1.9
FID First Trust S&P International Dividend Aristocrats ETF 3.3 60 -12 9.9 +2.9
GVAL Cambria Global Value ETF 3.3 68 -20 12.3 +5.4
SRET Global X SuperDividend REIT ETF 3.3 59 -11 10.1 +3.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -2 5.1 -1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.2 29 19 8.7 +1.8
LVHI Franklin International Low Volatility High Dividend Index ET 3.2 40 8 10.1 +3.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.0 39 9 7.3 +0.3
INTF iShares International Equity Factor ETF 3.0 15 33 7.8 +0.8
WDIV SPDR S&P Global Dividend ETF 2.9 40 8 10.2 +3.2
FLJP Franklin FTSE Japan ETF 2.9 9 39 7.0 +0.1
IEFA iShares Core MSCI EAFE ETF 2.8 7 41 2.7 -4.3
FLJH Franklin FTSE Japan Hedged ETF 2.7 9 39 6.9 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 2.6 4 44 6.7 -0.3
EWJ iShares MSCI Japan ETF 2.6 50 -2 6.6 -0.4
VEA Vanguard FTSE Developed Markets ETF 2.5 5 43 7.0 +0.0
DIVI Franklin International Core Dividend Tilt Index ETF 2.5 9 39 8.0 +1.1
EWK iShares MSCI Belgium ETF 2.4 50 -2 7.6 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.4 14 34 6.2 -0.8
VSGX Vanguard ESG International Stock ETF 2.3 12 36 6.8 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 2.3 19 29 7.0 +0.1
WWJD Inspire International ETF 2.3 80 -32 7.1 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.3 3 45 6.9 -0.1
IQSI IQ Candriam International Equity ETF 2.3 15 33 6.4 -0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.2 24 24 8.5 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.2 40 8 7.8 +0.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.2 47 1 6.5 -0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 2.2 20 28 6.8 -0.2
IMFL Invesco International Developed Dynamic Multifactor ETF 2.2 34 14 10.6 +3.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.2 20 28 6.2 -0.7
DWM WisdomTree International Equity Fund 2.1 48 0 7.8 +0.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.1 49 -1 7.2 +0.2
JPXN iShares JPX-Nikkei 400 ETF 2.1 48 0 7.4 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.0 45 3 8.5 +1.5
SCHF Schwab International Equity ETF 2.0 6 42 7.0 +0.0
EFA iShares MSCI EAFE ETF 2.0 35 13 6.4 -0.6
DFE WisdomTree Europe SmallCap Dividend Fund 2.0 58 -10 10.9 +3.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.0 36 12 6.4 -0.6
DFIS Dimensional International Small Cap ETF 2.0 39 9 6.7 -0.3
ASEA Global X FTSE Southeast Asia ETF 1.9 65 -17 6.5 -0.5
FKU First Trust United Kingdom AlphaDEX Fund 1.9 80 -32 7.5 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.9 39 9 7.6 +0.6
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 41 6.9 -0.1
DISV Dimensional International Small Cap Value ETF 1.9 42 6 9.2 +2.3
GSID Goldman Sachs MarketBeta International Equity ETF 1.9 20 28 6.6 -0.3
JHID John Hancock International High Dividend ETF 1.9 46 2 11.4 +4.5
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -9 9.7 +2.8
VXUS Vanguard Total International Stock ETF 1.9 7 41 7.1 +0.2
FLGR Franklin FTSE Germany ETF 1.8 9 39 7.0 +0.1
EWG iShares MSCI Germany ETF 1.8 50 -2 6.5 -0.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 1.8 45 3 6.4 -0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.8 32 16 6.7 -0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.8 80 -32 5.4 -1.6
BKIE BNY Mellon International Equity ETF 1.8 4 44 6.9 -0.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.8 20 28 6.3 -0.7
IVRA Invesco Real Assets ESG ETF 1.7 59 -11 7.1 +0.1
RODE Hartford Multifactor Diversified International ETF 1.7 29 19 11.5 +4.6
JHMD John Hancock Multifactor Developed International ETF 1.6 39 9 7.3 +0.4
JIRE JPMorgan International Research Enhanced Equity ETF 1.6 24 24 6.7 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 1.6 30 18 5.7 -1.3
IEUR iShares Core MSCI Europe ETF 1.5 11 37 -1.3 -8.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 8 40 7.2 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 28 6.9 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 29 7.2 +0.2
VGK Vanguard FTSE Europe ETF 1.4 11 37 6.8 -0.2
AVDV Avantis International Small Cap Value ETF 1.4 36 12 7.9 +1.0
TPIF Timothy Plan International ETF 1.4 62 -14 6.7 -0.3
SPEU SPDR Portfolio Europe ETF 1.4 7 41 6.5 -0.4
JRE Janus Henderson U.S. Real Estate ETF 1.4 65 -17 6.4 -0.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.4 51 -3 6.8 -0.2
DFIV Dimensional International Value ETF 1.4 27 21 9.8 +2.8
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 1 10.7 +3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.4 12 36 5.0 -1.9
CIL VictoryShares International Volatility Wtd ETF 1.4 45 3 6.8 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 17 6.4 -0.6
DAX Global X DAX Germany ETF 1.3 21 27 6.9 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 34 14 6.7 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.3 25 23 7.6 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 3 6.2 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 7 6.6 -0.3
AVDE Avantis International Equity ETF 1.3 23 25 7.8 +0.9
IDMO Invesco S&P International Developed Momentum ETF 1.3 25 23 6.8 -0.1
IVLU iShares MSCI Intl Value Factor ETF 1.2 30 18 10.6 +3.6
BLES Inspire Global Hope ETF 1.2 61 -13 6.3 -0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 56 -8 13.9 +6.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.2 35 13 6.4 -0.6
FGM First Trust Germany AlphaDEX Fund 1.2 80 -32 9.2 +2.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.2 22 26 6.2 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 1.2 24 24 6.2 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -22 6.3 -0.7
MOTI VanEck Morningstar International Moat ETF 1.2 58 -10 6.9 -0.1
IMTM iShares MSCI Intl Momentum Factor ETF 1.1 30 18 6.7 -0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.1 9 39 9.8 +2.8
FIVA Fidelity International Value Factor ETF 1.1 18 30 9.3 +2.3
BKCI BNY Mellon Concentrated International ETF 1.1 80 -32 5.2 -1.8
EWQ iShares MSCI France ETF 1.1 53 -5 5.4 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.1 80 -32 10.7 +3.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.1 30 18 6.8 -0.1
FLGB Franklin FTSE United Kingdom ETF 1.1 9 39 8.4 +1.4
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -27 5.3 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 28 5.6 -1.4
DFIC Dimensional International Core Equity 2 ETF 1.0 23 25 7.4 +0.4
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 18 6.8 -0.2
GLOF iShares Global Equity Factor ETF 1.0 20 28 7.0 +0.1
VIDI Vident International Equity Strategy ETF 1.0 61 -13 11.9 +5.0
IQDE FlexShares International Quality Dividend Defensive Index ET 1.0 47 1 10.7 +3.7
JIG JPMorgan International Growth ETF 1.0 55 -7 4.3 -2.7
EZU iShares MSCI Eurozone ETF 1.0 52 -4 6.1 -0.8
AIA iShares Asia 50 ETF 1.0 50 -2 6.9 -0.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.0 80 -32 11.0 +4.0
FLSW Franklin FTSE Switzerland ETF 0.9 9 39 5.0 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.9 25 23 9.0 +2.1
DEW WisdomTree Global High Dividend Fund 0.9 58 -10 9.0 +2.1
DFAI Dimensional International Core Equity Market ETF 0.9 18 30 6.9 -0.1
CRUZ Defiance Hotel Airline and Cruise ETF 0.9 45 3 -4.9 -11.9
CID VictoryShares International High Div Volatility Wtd ETF 0.9 45 3 9.5 +2.5
NTZG Nuveen Global Net Zero Transition ETF 0.9 56 -8 4.9 -2.0
EWD iShares MSCI Sweden ETF 0.9 54 -6 5.9 -1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.9 25 23 7.4 +0.4
FLEE Franklin FTSE Europe ETF 0.9 9 39 6.8 -0.2
ISRA VanEck Israel ETF 0.8 59 -11 8.8 +1.9
EIS iShares MSCI Israel ETF 0.8 58 -10 9.4 +2.4
FLEU Franklin FTSE Eurozone ETF 0.8 9 39 6.7 -0.3
FJP First Trust Japan AlphaDEX Fund 0.8 80 -32 9.9 +2.9
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -32 4.1 -2.8
EWU iShares MSCI United Kingdom ETF 0.8 50 -2 7.9 +1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.8 20 28 10.7 +3.8
EUDV ProShares MSCI Europe Dividend Growers ETF 0.8 55 -7 4.9 -2.0
VYMI Vanguard International High Dividend Yield ETF 0.8 22 26 9.7 +2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 1 10.2 +3.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 2 6.3 -0.7
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -35 8.8 +1.8
IEV iShares Europe ETF 0.7 67 -19 6.1 -0.9
VT Vanguard Total World Stock ETF 0.7 7 41 5.8 -1.2
DOL WisdomTree International LargeCap Dividend Fund 0.7 48 0 7.7 +0.8
AVIV Avantis International Large Cap Value ETF 0.7 25 23 8.8 +1.9
ESGN Columbia International ESG Equity Income ETF 0.6 45 3 9.0 +2.0
IGRO iShares International Dividend Growth ETF 0.6 15 33 7.1 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 18 7.8 +0.8
AGNG Global X Aging Population ETF 0.6 50 -2 4.1 -2.9
EWL iShares MSCI Switzerland ETF 0.6 50 -2 4.0 -2.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 6 5.1 -1.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.6 42 6 5.8 -1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.6 58 -10 5.5 -1.4
EFG iShares MSCI EAFE Growth ETF 0.5 36 12 4.1 -2.9
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 39 6.7 -0.3
URTH iShares MSCI World ETF 0.5 24 24 5.4 -1.6
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 33 5.5 -1.4
ACWI iShares MSCI ACWI ETF 0.5 32 16 5.5 -1.5
IDV iShares International Select Dividend ETF 0.5 51 -3 12.3 +5.4
JPRE JPMorgan Realty Income ETF 0.5 50 -2 6.8 -0.1
HOMZ Hoya Capital Housing ETF 0.5 30 18 8.1 +1.1
HAUS Residential REIT ETF 0.5 60 -12 5.9 -1.0
VWID Virtus WMC International Dividend ETF 0.4 49 -1 9.4 +2.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 39 5.5 -1.5
TOK iShares MSCI Kokusai ETF 0.4 26 22 5.3 -1.7
GLIF AGF Global Infrastructure ETF 0.4 45 3 5.5 -1.5
ENZL iShares MSCI New Zealand ETF 0.4 50 -2 2.6 -4.4
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 18 6.0 -0.9
EFNL iShares MSCI Finland ETF 0.4 56 -8 7.9 +0.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -32 4.5 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 39 5.7 -1.3
GDVD R3 Global Dividend Growth ETF 0.3 88 -40 5.8 -1.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.3 68 -20 1.4 -5.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -7 2.9 -4.1
QINT American Century Quality Diversified International ETF 0.3 39 9 7.4 +0.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -7 9.1 +2.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -2 2.7 -4.3
BBCA JPMorgan BetaBuilders Canada ETF 0.3 19 29 7.1 +0.1
EWC iShares MSCI Canada ETF 0.3 50 -2 6.9 -0.1
EWN iShares MSCI Netherlands ETF 0.2 50 -2 4.7 -2.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 23 7.3 +0.4
SDIV Global X Superdividend ETF 0.2 58 -10 17.6 +10.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 28 6.7 -0.3
WLDR Affinity World Leaders Equity ETF 0.2 67 -19 8.4 +1.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 23 6.0 -1.0
EWO iShares MSCI Austria ETF 0.2 50 -2 12.5 +5.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -10 7.4 +0.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -10 7.2 +0.2
ENOR iShares MSCI Norway ETF 0.1 53 -5 7.7 +0.7
NORW Global X MSCI Norway ETF 0.1 50 -2 7.6 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -10 6.0 -1.0
EIRL iShares MSCI Ireland ETF 0.1 50 -2 5.7 -1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -22 7.3 +0.3
CLOU Global X Cloud Computing ETF 0.1 68 -20 2.0 -4.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 1 5.9 -1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 39 7.5 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -11 9.6 +2.6

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
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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
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Price-to-earnings ** ** **
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Historical valuation trends

Forward
multiple:		 iShares International Developed Real Estate 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 5.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.51
 
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.