iShares Latin America 40 ETF
ALTAR
Score™		 10.4% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 9.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.3x Div.
yield		 5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P Latin America 40 Index fund seeks investment results that correspond to the price and yield performance of Standard & Poor's Latin America 40 Index. The index consists primarily of large cap stocks traded in the Mexican and South American equity markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 25, 2001
Assets (mns) $1,298
Currency USD
Expense ratio 48 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 41
Wgt avg mkt cap (mns) $35,714
Large cap (>$10bn) 78.7%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 1.5%
Developed mkts 14.5%
Emerging mkts 85.5%

TOP TEN HOLDINGS
NU HOLDINGS LTD. CLASS A 10.8 %
VALE SA-SP ADR 8.5 %
ITAU UNIBANCO HLDNG-PREF ADR 6.9 %
PETROLEO BRASILEIRO-SPON ADR 6.9 %
PETROLEO BRASILEIRO S.A.-ADR 6.3 %
GRUPO FINANCIERO BANORTE-O 4.1 %
FOMENTO ECONOMICO MEXICANO SAB DE 3.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 3.7 %
AMERICA MOVIL B 3.4 %
WEG SA 3.3 %
Total 57.9 %

TOP COUNTRY EXPOSURE
BRAZIL 50.5 %
MEXICO 20.6 %
CAYMAN ISLANDS 10.8 %
CHILE 6.4 %
PERU 3.1 %
UNITED STATES 2.1 %
COLOMBIA 1.7 %




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.
-14.2% 3.6% 0.1% 0.2% 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 41%
MSCI EAFE 0.93 43%
MSCI Emg. Mkts. 0.70 24%

Technical Indicators
Recent close $24.03
30d moving avg. $25.55
Annualized volatility 25.1%
Short interest (ETF) 2.3%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 937
Turnover 1.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,509

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 305 potential alternatives to the iShares Latin America 40 ETF ETF based on the alternatives' overlap in portfolio holdings with ILF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ILF Expense: 48 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ILF
Ticker Fund
Name		 Overlap1
vs ILF
(%)		 Expense
ratio
(bp)		 Savings
vs ILF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ILF
(%)
BRAZ Global X Brazil Active ETF 45.9 75 -27 10.1 -0.3
FLLA Franklin FTSE Latin America ETF 29.1 19 29 13.2 +2.7
EWZ iShares MSCI Brazil ETF 25.0 58 -10 10.4 -0.1
FLMX Franklin FTSE Mexico ETF 20.6 19 29 16.2 +5.8
EWW iShares MSCI Mexico ETF 20.6 50 -2 13.2 +2.7
FLN First Trust Latin America AlphaDEX Fund 18.5 80 -32 8.4 -2.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.3 75 -27 8.2 -2.2
FLBR Franklin FTSE Brazil ETF 12.2 19 29 13.2 +2.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.5 70 -22 9.2 -1.2
IPO Renaissance IPO ETF 10.3 60 -12 -4.3 -14.8
FTHF First Trust Emerging Markets Human Flourishing ETF 9.3 75 -27 8.9 -1.6
SLX VanEck Steel ETF 8.7 56 -8 21.4 +10.9
FRDM Freedom 100 Emerging Markets ETF 8.3 49 -1 7.3 -3.2
FBZ First Trust Brazil AlphaDEX Fund 7.8 80 -32 13.3 +2.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.2 86 -38 1.2 -9.2
GMET VanEck Green Metals ETF 7.1 63 -15 10.7 +0.2
EV Mast Global Battery Recycling & Production ETF 7.0 65 -17 12.2 +1.8
EMM Global X Emerging Markets ex-China ETF 6.5 75 -27 4.2 -6.2
EPU iShares MSCI Peru and Global Exposure ETF 6.3 59 -11 5.5 -4.9
LIVR Intelligent Livermore ETF 6.2 69 -21 6.0 -4.4
ICOP iShares Copper and Metals Mining ETF 5.8 47 1 10.1 -0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.7 60 -12 13.4 +3.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.4 86 -38 1.6 -8.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.2 60 -12 9.8 -0.6
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 -11 8.5 -1.9
EMC Global X Emerging Markets Great Consumer ETF 5.0 75 -27 4.5 -5.9
AOTG AOT Growth and Innovation ETF 5.0 75 -27 3.1 -7.4
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 5.0 69 -21 8.1 -2.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.9 44 4 10.6 +0.2
BINV Brandes International ETF 4.8 70 -22 8.5 -2.0
LOUP Innovator Deepwater Frontier Tech ETF 4.8 70 -22 1.3 -9.2
BPAY BlackRock Future Financial and Technology ETF 4.7 70 -22 8.2 -2.2
VRAI Virtus Real Asset Income ETF 4.6 55 -7 8.0 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 4.6 7 41 7.3 -3.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.6 67 -19 15.0 +4.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.6 24 24 9.2 -1.2
MEM Matthews Emerging Markets Equity Active ETF 4.5 79 -31 5.4 -5.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.5 33 15 8.2 -2.2
DEM WisdomTree Emerging Markets High Dividend Fund 4.5 63 -15 18.9 +8.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.4 30 18 8.1 -2.3
ECH iShares MSCI Chile ETF 4.3 58 -10 9.8 -0.7
FPXI First Trust International Equity Opportunities ETF 4.2 70 -22 4.9 -5.5
EDIV SPDR S&P Emerging Markets Dividend ETF 4.2 49 -1 12.0 +1.6
RNEM First Trust Emerging Markets Equity Select ETF 4.2 75 -27 7.6 -2.9
XCEM Columbia EM Core ex-China ETF 4.1 16 32 7.7 -2.7
EMXC iShares MSCI Emerging Markets ex China ETF 4.1 25 23 6.7 -3.8
STXE Strive Emerging Markets Ex-China ETF 4.0 32 16 7.0 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.9 45 3 12.3 +1.9
EQLT iShares MSCI Emerging Markets Quality Factor ETF 3.8 35 13 7.4 -3.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.8 29 19 8.7 -1.7
EMFQ Amplify Emerging Markets FinTech ETF 3.7 69 -21 5.3 -5.2
XCNY SPDR S&P Emerging Markets ex-China ETF 3.7 15 33 6.3 -4.1
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 -7 8.0 -2.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.6 32 16 6.9 -3.6
AVEM Avantis Emerging Markets Equity ETF 3.6 33 15 8.9 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 3.4 17 31 7.6 -2.8
MXI iShares Global Materials ETF 3.4 41 7 7.0 -3.5
NUEM Nuveen ESG Emerging Markets Equity ETF 3.4 36 12 6.5 -4.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 3.4 85 -37 8.6 -1.9
SETM Sprott Energy Transition Materials ETF 3.4 65 -17 6.0 -4.5
BNE Blue Horizon BNE ETF 3.4 87 -39 4.6 -5.8
AVES Avantis Emerging Markets Value ETF 3.3 36 12 11.6 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.3 15 33 10.2 -0.2
ECON Columbia Emerging Markets Consumer ETF 3.2 49 -1 7.3 -3.1
GVAL Cambria Global Value ETF 3.2 68 -20 13.1 +2.6
ION ProShares S&P Global Core Battery Metals ETF 3.1 58 -10 15.5 +5.1
EMXF iShares ESG Advanced MSCI EM ETF 3.1 16 32 6.8 -3.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.0 18 30 6.8 -3.6
BFIIX Baron FinTech 3.0 75 -27 3.4 -7.0
WWJD Inspire International ETF 3.0 80 -32 7.3 -3.2
EEM iShares MSCI Emerging Markets ETF 2.9 69 -21 6.9 -3.6
XC WisdomTree Emerging Markets Ex-China Fund 2.9 32 16 6.0 -4.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.7 39 9 12.5 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.7 30 18 7.3 -3.1
BLOK Amplify Transformational Data Sharing ETF 2.7 75 -27 0.0 -10.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.6 36 12 7.8 -2.6
ESGE iShares ESG Aware MSCI EM ETF 2.6 25 23 7.1 -3.3
BKEM BNY Mellon Emerging Markets Equity ETF 2.6 11 37 8.4 -2.1
GNR SPDR S&P Global Natural Resources ETF 2.6 40 8 9.7 -0.7
CGXU Capital Group International Focus Equity ETF 2.6 54 -6 4.9 -5.6
EMMF WisdomTree Emerging Markets Multifactor Fund 2.5 48 0 8.8 -1.7
PWB Invesco Large Cap Growth ETF 2.5 56 -8 3.2 -7.2
JHEM John Hancock Multifactor Emerging Markets ETF 2.5 49 -1 8.2 -2.3
BKF iShares MSCI BIC ETF 2.5 69 -21 6.9 -3.5
IEMG iShares Core MSCI Emerging Markets ETF 2.5 9 39 7.5 -3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.5 66 -18 10.0 -0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.5 20 28 6.8 -3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.4 32 16 6.2 -4.2
PXH Invesco FTSE RAFI Emerging Markets ETF 2.4 49 -1 12.2 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 9 12.8 +2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.4 15 33 7.2 -3.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.4 80 -32 13.0 +2.6
TIME Clockwise Core Equity & Innovation ETF 2.4 95 -47 2.3 -8.2
BIGFX Baron International Growth Retail 2.3 75 -27 3.1 -7.3
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 4 15.8 +5.4
HAP VanEck Natural Resources ETF 2.3 50 -2 10.0 -0.5
SCHE Schwab Emerging Markets Equity ETF 2.2 11 37 7.1 -3.3
VIDI Vident International Equity Strategy ETF 2.2 61 -13 10.2 -0.2
VWO Vanguard FTSE Emerging Markets ETF 2.1 8 40 6.9 -3.5
JIG JPMorgan International Growth ETF 2.1 55 -7 4.6 -5.8
COPX Global X Copper Miners ETF 2.1 65 -17 8.2 -2.2
DMAT Global X Disruptive Materials ETF 2.1 59 -11 10.5 +0.1
CCSO Carbon Collective Climate Solutions US Equity ETF 2.1 35 13 1.9 -8.5
AGMI Themes Silver Miners ETF 2.1 35 13 4.5 -5.9
COPA Themes Copper Miners ETF 2.1 35 13 7.3 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.1 45 3 11.0 +0.5
IXC iShares Global Energy ETF 2.1 44 4 8.7 -1.8
DFEV Dimensional Emerging Markets Value ETF 2.0 43 5 11.1 +0.6
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 13 7.3 -3.1
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.0 49 -1 10.4 -0.0
GDVD R3 Global Dividend Growth ETF 1.8 88 -40 5.5 -4.9
ICLN iShares Global Clean Energy ETF 1.8 41 7 6.0 -4.5
FXZ First Trust Materials AlphaDEX Fund 1.7 61 -13 11.3 +0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 -11 11.3 +0.9
BLES Inspire Global Hope ETF 1.7 61 -13 6.4 -4.0
CVY Invesco Zacks Multi-Asset Income ETF 1.7 106 -58 9.8 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 19 5.5 -4.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.7 49 -1 16.1 +5.7
SFYF SoFi Social 50 ETF 1.7 29 19 -2.2 -12.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.7 90 -42 6.1 -4.3
EMGF iShares Emerging Markets Equity Factor ETF 1.7 25 23 8.5 -1.9
ARKF ARK Fintech Innovation ETF 1.6 75 -27 -0.4 -10.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.6 41 7 7.4 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 23 12.3 +1.9
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 9 11.0 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.5 95 -47 10.5 +0.1
IWP iShares Russell Mid-Cap Growth ETF 1.5 23 25 3.1 -7.4
BITQ Bitwise Crypto Industry Innovators ETF 1.5 85 -37 -1.9 -12.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.4 38 10 7.8 -2.6
IYM iShares U.S. Basic Materials ETF 1.4 40 8 6.7 -3.7
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 18 6.9 -3.5
IXG iShares Global Financials ETF 1.4 42 6 6.2 -4.3
GXG Global X MSCI Colombia ETF 1.4 62 -14 15.8 +5.3
KXI iShares Global Consumer Staples ETF 1.4 41 7 5.7 -4.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 13 12.4 +2.0
RNRG Global X Renewable Energy Producers ETF 1.4 66 -18 5.5 -4.9
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 -41 4.9 -5.5
LITP Sprott Lithium Miners ETF 1.3 65 -17 16.9 +6.5
REMX VanEck Rare Earth/Strategic Metals ETF 1.3 54 -6 13.9 +3.5
LIT Global X Lithium & Battery Tech ETF 1.3 75 -27 9.1 -1.4
PBW Invesco WilderHill Clean Energy ETF 1.3 66 -18 -13.7 -24.1
ILIT iShares Lithium Miners and Producers ETF 1.3 47 1 12.3 +1.9
LIMI Themes Lithium & Battery Metal Miners ETF 1.3 35 13 4.7 -5.7
HAIL SPDR S&P Kensho Smart Mobility ETF 1.2 45 3 -3.0 -13.4
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 -22 9.7 -0.8
BATT Amplify Lithium & Battery Technology ETF 1.2 59 -11 -0.1 -10.5
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -33 3.6 -6.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 -2 13.0 +2.6
EYLD Cambria Emerging Shareholder Yield ETF 1.1 66 -18 13.2 +2.7
ZSB USCF Sustainable Battery Metals Strategy Fund 1.1 61 -13 18.6 +8.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.1 68 -20 2.1 -8.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 -7 9.7 -0.7
BTHM BlackRock Future U.S. Themes ETF 1.1 60 -12 4.2 -6.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.1 42 6 8.1 -2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.1 40 8 8.3 -2.2
MINV Matthews Asia Innovators Active ETF 1.1 79 -31 3.0 -7.5
APIE ActivePassive International Equity ETF 1.1 45 3 8.1 -2.3
DRIV Global X Autonomous & Electric Vehicles ETF 1.1 68 -20 4.8 -5.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 2 9.3 -1.1
PBD Invesco Global Clean Energy ETF 1.1 75 -27 -5.3 -15.7
FDFF Fidelity Disruptive Finance ETF 1.1 50 -2 4.1 -6.3
GINX SGI Enhanced Global Income ETF 1.0 98 -50 5.6 -4.8
TTAI FCF International Quality ETF 1.0 59 -11 5.6 -4.8
VYMI Vanguard International High Dividend Yield ETF 1.0 22 26 9.8 -0.6
FXO First Trust Financials AlphaDEX Fund 0.9 62 -14 7.4 -3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 7 5.0 -5.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.9 25 23 6.6 -3.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 34 14 7.0 -3.5
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 19 4.7 -5.7
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.9 58 -10 -3.0 -13.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 8 40 7.3 -3.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 30 7.0 -3.4
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 13 6.3 -4.1
DEW WisdomTree Global High Dividend Fund 0.8 58 -10 8.5 -1.9
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 1 12.9 +2.5
IXUS iShares Core MSCI Total International Stock ETF 0.8 7 41 7.2 -3.3
IYF iShares U.S. Financials ETF 0.8 40 8 5.4 -5.0
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -11 7.4 -3.1
ARKW ARK Next Generation Internet ETF 0.7 87 -39 -0.7 -11.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 7 7.4 -3.0
PTL Inspire 500 ETF 0.7 9 39 5.6 -4.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 3 -0.6 -11.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 1 9.4 -1.1
VSGX Vanguard ESG International Stock ETF 0.6 12 36 6.8 -3.7
INNO Harbor Disruptive Innovation ETF 0.6 75 -27 1.6 -8.9
ARGT Global X MSCI Argentina ETF 0.6 59 -11 5.4 -5.1
NXTG First Trust Indxx NextG ETF 0.6 70 -22 6.2 -4.2
VXUS Vanguard Total International Stock ETF 0.6 7 41 7.2 -3.2
JGLO JPMorgan Global Select Equity ETF 0.6 33 15 4.5 -6.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 36 4.5 -5.9
CGDG Capital Group Dividend Growers ETF 0.6 47 1 6.6 -3.8
JXI iShares Global Utilities ETF 0.5 43 5 5.9 -4.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 3 5.7 -4.8
EMIF iShares Emerging Markets Infrastructure ETF 0.5 60 -12 8.5 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 39 5.4 -5.1
FFTY Innovator IBD 50 ETF 0.5 80 -32 -0.6 -11.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.5 88 -40 7.4 -3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -22 9.8 -0.7
SDIV Global X Superdividend ETF 0.5 58 -10 14.9 +4.5
IGRO iShares International Dividend Growth ETF 0.5 15 33 7.5 -2.9
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -17 4.6 -5.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -22 3.8 -6.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 38 7.7 -2.8
RODE Hartford Multifactor Diversified International ETF 0.4 29 19 11.8 +1.3
SMOG VanEck Low Carbon Energy ETF 0.4 61 -13 2.4 -8.1
CUT Invesco MSCI Global Timber ETF 0.4 61 -13 8.4 -2.0
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -1 18.8 +8.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 -1 5.6 -4.8
WOOD iShares Global Timber & Forestry ETF 0.4 42 6 9.8 -0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 18 8.0 -2.5
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 38 5.4 -5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 30 7.2 -3.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 1 5.5 -5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 28 5.2 -5.3
EXI iShares Global Industrials ETF 0.4 42 6 4.5 -5.9
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 -32 3.8 -6.6
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 35 2.1 -8.3
IWR iShares Russell Midcap ETF 0.4 19 29 5.4 -5.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 36 4.8 -5.7
GINN Goldman Sachs Innovate Equity ETF 0.4 52 -4 2.8 -7.7
CGGR Capital Group Growth ETF 0.4 39 9 3.2 -7.2
AVRE Avantis Real Estate ETF 0.3 17 31 5.9 -4.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 36 8.3 -2.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -32 12.3 +1.9
VT Vanguard Total World Stock ETF 0.3 7 41 5.5 -4.9
LRGF iShares U.S. Equity Factor ETF 0.3 8 40 5.6 -4.8
ACWI iShares MSCI ACWI ETF 0.3 32 16 5.3 -5.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 28 6.3 -4.2
JHDV John Hancock U.S. High Dividend ETF 0.3 34 14 6.2 -4.2
BUZZ VanEck Social Sentiment ETF 0.3 75 -27 0.3 -10.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 36 4.5 -6.0
RVRB Reverb ETF 0.3 30 18 4.7 -5.8
SCHY Schwab International Dividend Equity ETF 0.2 14 34 9.3 -1.1
BFOR ALPS Barron's 400 ETF 0.2 65 -17 5.6 -4.8
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 36 5.8 -4.7
QDF FlexShares Quality Dividend Index Fund 0.2 37 11 4.2 -6.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 23 6.0 -4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 9 4.1 -6.4
IQDE FlexShares International Quality Dividend Defensive Index ET 0.2 47 1 14.8 +4.4
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -2 6.1 -4.3
REET iShares Global REIT ETF 0.2 14 34 6.2 -4.2
QDEF FlexShares Quality Dividend Defensive Index Fund 0.2 37 11 3.9 -6.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 33 4.7 -5.7
IWF iShares Russell 1000 Growth ETF 0.2 19 29 4.5 -6.0
VONG Vanguard Russell 1000 Growth ETF 0.2 8 40 4.6 -5.9
DGT SPDR Global Dow ETF 0.2 50 -2 6.8 -3.6
GLOF iShares Global Equity Factor ETF 0.2 20 28 7.0 -3.4
EPS WisdomTree U.S. LargeCap Fund 0.2 8 40 5.9 -4.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 28 1.0 -9.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -10 4.6 -5.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 -2 5.7 -4.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 38 5.3 -5.1
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.8 -5.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 13 5.1 -5.3
VYM Vanguard High Dividend Yield Index ETF 0.1 6 42 6.8 -3.6
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 5.9 -4.6
DFGR Dimensional Global Real Estate ETF 0.1 22 26 6.2 -4.2
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 30 4.6 -5.8
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -7 5.8 -4.6
ERNZ TrueShares Active Yield ETF 0.1 75 -27 10.9 +0.5
GDEF Goldman Sachs Defensive Equity ETF 0.1 55 -7 4.7 -5.7
IWB iShares Russell 1000 ETF 0.1 15 33 4.8 -5.6
VONE Vanguard Russell 1000 ETF 0.1 8 40 4.9 -5.5
IWV iShares Russell 3000 ETF 0.1 20 28 4.7 -5.8
VTHR Vanguard Russell 3000 ETF 0.1 10 38 4.7 -5.7
RXI iShares Global Consumer Discretionary ETF 0.1 41 7 5.4 -5.1
IXP iShares Global Comm Services ETF 0.1 42 6 5.1 -5.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 6 5.1 -5.3
IXJ iShares Global Healthcare ETF 0.1 42 6 6.5 -3.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 6.8 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 9 6.8 -3.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 16 4.8 -5.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -27 4.3 -6.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 19 4.3 -6.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 34 5.0 -5.4
AVUS Avantis U.S. Equity ETF 0.0 15 33 5.6 -4.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 23 6.8 -3.7
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -2 4.9 -5.6
DFVX Dimensional US Large Cap Vector ETF 0.0 22 26 6.1 -4.4
CCMG CCM Global Equity ETF 0.0 34 14 7.6 -2.9
IWY iShares Russell Top 200 Growth ETF 0.0 20 28 4.6 -5.8
IUS Invesco RAFI Strategic US ETF 0.0 19 29 6.8 -3.6
ILCV iShares Morningstar Value ETF 0.0 4 44 6.2 -4.2
DIVB iShares Core Dividend ETF 0.0 5 43 7.5 -3.0
JHML John Hancock Multifactor Large Cap ETF 0.0 29 19 5.3 -5.1
VFMF Vanguard U.S. Multifactor ETF 0.0 18 30 8.5 -1.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 31 6.9 -3.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -1 5.0 -5.5
DUHP Dimensional US High Profitability ETF 0.0 21 27 6.5 -4.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 23 6.8 -3.6
IWL iShares Russell Top 200 ETF 0.0 15 33 4.7 -5.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 46 5.0 -5.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 48 5.0 -5.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 41 4.9 -5.5
VOTE TCW Transform 500 ETF 0.0 5 43 4.9 -5.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.9 -5.5
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 45 4.9 -5.5
DFUS Dimensional U.S. Equity ETF 0.0 9 39 4.9 -5.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 36 5.0 -5.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 31 5.3 -5.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 19 6.4 -4.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 23 5.2 -5.2
DCOR Dimensional US Core Equity 1 ETF 0.0 14 34 5.3 -5.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 30 5.4 -5.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 18 4.7 -5.7

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:		 iShares Latin America 40 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.48
 
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.