iShares Latin America 40 ETF
ALTAR
Score™		 13.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.0x P/Sales
ratio		 1.0x
P/BV
ratio		 1.2x Div.
yield		 5.6%


  • 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) $1,336
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 42
Wgt avg mkt cap (mns) $31,963
Large cap (>$10bn) 80.5%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 1.9%
Developed mkts 11.7%
Emerging mkts 88.3%

TOP TEN HOLDINGS
NU HOLDINGS LTD. CLASS A 9.2 %
VALE SA-SP ADR 8.5 %
ITAU UNIBANCO HLDNG-PREF ADR 7.0 %
PETROLEO BRASILEIRO-SPON ADR 6.6 %
PETROLEO BRASILEIRO S.A.-ADR 6.0 %
GRUPO FINANCIERO BANORTE-O 4.4 %
FOMENTO ECONOMICO MEXICANO SAB DE 4.1 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 3.9 %
BANCO DO BRASIL SA 3.4 %
AMERICA MOVIL B 3.3 %
Total 56.6 %

TOP COUNTRY EXPOSURE
BRAZIL 51.5 %
MEXICO 21.1 %
CAYMAN ISLANDS 8.0 %
CHILE 7.7 %
PERU 3.0 %
COLOMBIA 2.3 %
UNITED STATES 2.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% -18.1% 1.4% 0.7% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 48%
MSCI EAFE 1.06 51%
MSCI Emg. Mkts. 0.78 28%

Technical Indicators
Recent close $23.96
30d moving avg. $23.47
Annualized volatility 25.8%
Short interest (ETF) 3.8%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1,217
Turnover 2.2%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,162

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 284 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™: 13.5%


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 37.8 75 -27 13.1 -0.4
FLLA Franklin FTSE Latin America ETF 30.3 19 29 13.5 0.0
EWZ iShares MSCI Brazil ETF 23.8 58 -10 13.7 +0.2
FLMX Franklin FTSE Mexico ETF 21.6 19 29 9.9 -3.6
EWW iShares MSCI Mexico ETF 21.6 50 -2 9.6 -3.9
FLN First Trust Latin America AlphaDEX Fund 18.9 80 -32 10.6 -2.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.7 75 -27 10.3 -3.2
FLBR Franklin FTSE Brazil ETF 12.4 19 29 15.3 +1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.4 70 -22 15.8 +2.3
FTHF First Trust Emerging Markets Human Flourishing ETF 10.2 75 -27 9.8 -3.7
SLX VanEck Steel ETF 9.5 56 -8 17.7 +4.2
FRDM Freedom 100 Emerging Markets ETF 9.4 49 -1 9.1 -4.4
EV Mast Global Battery Recycling & Production ETF 7.6 65 -17 11.6 -1.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 7.5 85 -37 8.0 -5.5
GMET VanEck Green Metals ETF 7.5 63 -15 10.8 -2.7
FBZ First Trust Brazil AlphaDEX Fund 7.1 80 -32 13.4 -0.1
EMM Global X Emerging Markets ex-China ETF 6.7 75 -27 5.0 -8.5
BINV Brandes International ETF 6.5 70 -22 9.5 -4.0
EPU iShares MSCI Peru and Global Exposure ETF 6.3 59 -11 7.7 -5.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 6.0 86 -38 0.4 -13.1
ICOP iShares Copper and Metals Mining ETF 6.0 47 1 10.0 -3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 5.9 29 19 8.7 -4.8
NDIV Amplify Natural Resources Dividend Income ETF 5.8 59 -11 10.2 -3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.7 44 4 11.0 -2.5
ECH iShares MSCI Chile ETF 5.5 58 -10 9.3 -4.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.1 24 24 8.3 -5.2
EMC Global X Emerging Markets Great Consumer ETF 5.0 75 -27 8.5 -5.0
BATT Amplify Lithium & Battery Technology ETF 4.9 59 -11 3.8 -9.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.6 33 15 10.6 -2.9
AOTG AOT Growth and Innovation ETF 4.6 75 -27 2.4 -11.1
RNEM First Trust Emerging Markets Equity Select ETF 4.6 75 -27 1.0 -12.5
SPEM SPDR Portfolio Emerging Markets ETF 4.5 7 41 10.9 -2.6
EMXC iShares MSCI Emerging Markets ex China ETF 4.3 25 23 8.0 -5.5
STXE Strive Emerging Markets Ex-China ETF 4.3 32 16 8.2 -5.3
ABLD Abacus FCF Real Assets Leaders ETF 4.3 69 -21 5.7 -7.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.3 60 -12 11.0 -2.5
EMXF iShares ESG Advanced MSCI EM ETF 4.1 16 32 8.4 -5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.1 30 18 9.3 -4.2
MEM Matthews Emerging Markets Equity Active ETF 4.0 79 -31 8.5 -5.0
XCEM Columbia EM Core ex-China ETF 3.9 16 32 8.5 -5.0
XCNY SPDR S&P Emerging Markets ex-China ETF 3.9 15 33 0.0 -13.5
GVAL Cambria Global Value ETF 3.6 68 -20 11.3 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 3.6 36 12 8.1 -5.4
EDIV SPDR S&P Emerging Markets Dividend ETF 3.6 49 -1 11.6 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 3.5 17 31 12.9 -0.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.5 86 -38 13.7 +0.2
SETM Sprott Energy Transition Materials ETF 3.5 65 -17 4.7 -8.8
MXI iShares Global Materials ETF 3.5 41 7 8.1 -5.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.5 60 -12 8.0 -5.5
AVES Avantis Emerging Markets Value ETF 3.4 36 12 12.2 -1.3
BLOK Amplify Transformational Data Sharing ETF 3.3 75 -27 0.4 -13.1
AVEM Avantis Emerging Markets Equity ETF 3.3 33 15 9.7 -3.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.3 39 9 16.9 +3.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.2 67 -19 13.3 -0.2
ESGE iShares ESG Aware MSCI EM ETF 3.2 25 23 10.7 -2.8
LOUP Innovator Deepwater Frontier Tech ETF 3.1 70 -22 1.8 -11.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.1 15 33 8.6 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.1 30 18 10.6 -2.9
WWJD Inspire International ETF 3.0 80 -32 7.6 -5.9
CVY Invesco Zacks Multi-Asset Income ETF 3.0 106 -58 10.9 -2.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.0 20 28 11.3 -2.2
BPAY BlackRock Future Financial and Technology ETF 2.9 70 -22 7.5 -6.0
EEM iShares MSCI Emerging Markets ETF 2.9 69 -21 10.7 -2.8
ECON Columbia Emerging Markets Consumer ETF 2.9 49 -1 12.9 -0.6
XC WisdomTree Emerging Markets Ex-China Fund 2.9 32 16 5.5 -8.0
EMMF WisdomTree Emerging Markets Multifactor Fund 2.9 48 0 7.8 -5.7
DSTX Distillate International Fundamental Stability & Value ETF 2.8 55 -7 8.4 -5.1
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 4 11.3 -2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.7 66 -18 10.2 -3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.6 32 16 7.0 -6.5
GNR SPDR S&P Global Natural Resources ETF 2.6 40 8 11.4 -2.1
VIDI Vident International Equity Strategy ETF 2.6 61 -13 12.0 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 2.5 9 39 10.9 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 2.5 39 9 14.1 +0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.5 32 16 9.6 -3.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.4 45 3 11.0 -2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.4 49 -1 16.7 +3.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.4 80 -32 13.8 +0.3
BKEM BNY Mellon Emerging Markets Equity ETF 2.4 11 37 11.8 -1.7
CGXU Capital Group International Focus Equity ETF 2.4 54 -6 5.9 -7.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.4 63 -15 13.6 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.4 36 12 11.2 -2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.3 45 3 11.1 -2.4
SCHE Schwab Emerging Markets Equity ETF 2.3 11 37 11.6 -1.9
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 -1 10.5 -3.0
BKF iShares MSCI BIC ETF 2.2 69 -21 13.0 -0.5
VWO Vanguard FTSE Emerging Markets ETF 2.2 8 40 10.9 -2.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.2 49 -1 8.7 -4.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.2 15 33 10.8 -2.7
HAP VanEck Natural Resources ETF 2.2 50 -2 10.0 -3.5
DFEV Dimensional Emerging Markets Value ETF 2.2 43 5 14.5 +1.0
IXC iShares Global Energy ETF 2.1 44 4 9.8 -3.7
BITQ Bitwise Crypto Industry Innovators ETF 2.0 85 -37 -2.8 -16.3
COPX Global X Copper Miners ETF 2.0 65 -17 8.9 -4.6
DMAT Global X Disruptive Materials ETF 2.0 59 -11 9.2 -4.3
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 9 10.3 -3.2
CCSO Carbon Collective Climate Solutions US Equity ETF 2.0 35 13 1.9 -11.6
AGMI Themes Silver Miners ETF 2.0 35 13 3.1 -10.4
COPA Themes Copper Miners ETF 2.0 35 13 9.0 -4.5
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 13 10.2 -3.3
ICLN iShares Global Clean Energy ETF 1.9 41 7 6.4 -7.1
BLES Inspire Global Hope ETF 1.9 61 -13 6.9 -6.6
SFYF SoFi Social 50 ETF 1.8 29 19 0.1 -13.4
EMGF iShares Emerging Markets Equity Factor ETF 1.8 25 23 12.4 -1.1
LIVR Intelligent Livermore ETF 1.8 69 -21 8.2 -5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -47 13.1 -0.4
VRAI Virtus Real Asset Income ETF 1.7 55 -7 7.5 -6.0
ARKF ARK Fintech Innovation ETF 1.7 75 -27 -0.3 -13.8
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 19 6.2 -7.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.7 35 13 21.6 +8.1
GXG Global X MSCI Colombia ETF 1.6 62 -14 18.8 +5.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.6 41 7 9.4 -4.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.5 59 -11 6.2 -7.3
RNRG Global X Renewable Energy Producers ETF 1.5 66 -18 6.1 -7.4
DINT Davis Select International ETF 1.5 55 -7 8.3 -5.2
KXI iShares Global Consumer Staples ETF 1.5 41 7 5.4 -8.1
CWI SPDR MSCI ACWI ex-US ETF 1.5 30 18 8.2 -5.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.5 45 3 0.0 -13.5
LITP Sprott Lithium Miners ETF 1.5 65 -17 4.8 -8.7
REMX VanEck Rare Earth/Strategic Metals ETF 1.5 54 -6 5.6 -7.9
LIT Global X Lithium & Battery Tech ETF 1.5 75 -27 5.9 -7.6
PBW Invesco WilderHill Clean Energy ETF 1.5 66 -18 -6.0 -19.5
ILIT iShares Lithium Miners and Producers ETF 1.5 47 1 7.0 -6.5
LIMI Themes Lithium & Battery Metal Miners ETF 1.5 35 13 0.0 -13.5
TTAI FCF International Quality ETF 1.5 59 -11 6.9 -6.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -11 13.7 +0.2
IYM iShares U.S. Basic Materials ETF 1.4 40 8 6.7 -6.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 -2 11.6 -1.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.4 38 10 9.9 -3.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.4 39 9 11.0 -2.5
IXG iShares Global Financials ETF 1.3 42 6 8.1 -5.4
IWP iShares Russell Mid-Cap Growth ETF 1.3 23 25 3.7 -9.8
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -22 8.1 -5.4
HAIL SPDR S&P Kensho Smart Mobility ETF 1.3 45 3 2.0 -11.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 23 13.5 +0.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.2 68 -20 6.8 -6.7
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -18 13.1 -0.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.2 58 -10 -3.5 -17.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -40 10.3 -3.2
APIE ActivePassive International Equity ETF 1.1 45 3 7.7 -5.8
PBD Invesco Global Clean Energy ETF 1.0 75 -27 0.4 -13.1
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -41 4.5 -9.0
ZSB USCF Sustainable Battery Metals Strategy Fund 1.0 61 -13 17.4 +3.9
FXZ First Trust Materials AlphaDEX Fund 1.0 61 -13 11.0 -2.5
VYMI Vanguard International High Dividend Yield ETF 1.0 22 26 10.0 -3.5
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 9 8.3 -5.2
LQPE PEO AlphaQuest Thematic PE ETF 1.0 125 -77 6.9 -6.6
CVAR Cultivar ETF 1.0 87 -39 6.1 -7.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.9 40 8 5.6 -7.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 34 14 8.1 -5.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -7 4.5 -9.0
FDFF Fidelity Disruptive Finance ETF 0.8 50 -2 4.1 -9.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 2 10.4 -3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.8 8 40 8.5 -5.0
ARGT Global X MSCI Argentina ETF 0.8 59 -11 4.2 -9.3
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -11 5.9 -7.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 7 6.5 -7.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 1 9.0 -4.5
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 1 9.5 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 7 7.1 -6.4
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 41 8.3 -5.2
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 19 5.3 -8.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 30 8.1 -5.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 -1 6.0 -7.5
IYF iShares U.S. Financials ETF 0.7 40 8 6.9 -6.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 23 6.5 -7.0
VSGX Vanguard ESG International Stock ETF 0.6 12 36 8.2 -5.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -22 8.6 -4.9
SDIV Global X Superdividend ETF 0.6 58 -10 13.9 +0.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -22 6.0 -7.5
JXI iShares Global Utilities ETF 0.6 43 5 6.0 -7.5
NXTG First Trust Indxx NextG ETF 0.6 70 -22 5.8 -7.7
DEW WisdomTree Global High Dividend Fund 0.6 58 -10 7.7 -5.8
VXUS Vanguard Total International Stock ETF 0.6 7 41 8.3 -5.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.6 68 -20 2.7 -10.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 28 6.3 -7.2
JIG JPMorgan International Growth ETF 0.5 55 -7 4.8 -8.7
CGDG Capital Group Dividend Growers ETF 0.5 47 1 6.3 -7.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 39 6.0 -7.5
EMIF iShares Emerging Markets Infrastructure ETF 0.5 60 -12 7.9 -5.6
PTL Inspire 500 ETF 0.5 9 39 5.4 -8.1
CUT Invesco MSCI Global Timber ETF 0.5 61 -13 9.1 -4.4
DVYE iShares Emerging Markets Dividend ETF 0.5 49 -1 18.9 +5.4
WOOD iShares Global Timber & Forestry ETF 0.5 42 6 9.5 -4.0
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -17 5.3 -8.2
RODE Hartford Multifactor Diversified International ETF 0.4 29 19 9.9 -3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 36 5.2 -8.3
BUZZ VanEck Social Sentiment ETF 0.4 75 -27 -1.3 -14.7
SMOG VanEck Low Carbon Energy ETF 0.4 61 -13 1.5 -12.0
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 13 5.6 -7.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.4 49 -1 4.7 -8.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 38 7.5 -6.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 30 7.8 -5.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 36 7.7 -5.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 18 8.6 -4.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -32 13.6 +0.1
EXI iShares Global Industrials ETF 0.3 42 6 4.9 -8.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 38 6.1 -7.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 28 7.0 -6.5
IWR iShares Russell Midcap ETF 0.3 19 29 5.8 -7.7
JHDV John Hancock U.S. High Dividend ETF 0.3 34 14 6.3 -7.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 1 5.7 -7.8
ACWI iShares MSCI ACWI ETF 0.3 32 16 6.1 -7.4
LRGF iShares U.S. Equity Factor ETF 0.3 8 40 6.6 -6.9
VT Vanguard Total World Stock ETF 0.3 7 41 6.4 -7.1
IGRO iShares International Dividend Growth ETF 0.3 15 33 7.3 -6.2
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -4 4.4 -9.1
CGGR Capital Group Growth ETF 0.3 39 9 3.7 -9.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 6 6.8 -6.7
BFOR ALPS Barron's 400 ETF 0.2 65 -17 6.2 -7.3
AVRE Avantis Real Estate ETF 0.2 17 31 3.3 -10.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 13 4.5 -9.0
RVRB Reverb ETF 0.2 30 18 2.6 -10.9
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -2 2.9 -10.6
SCHY Schwab International Dividend Equity ETF 0.2 14 34 9.8 -3.7
REET iShares Global REIT ETF 0.2 14 34 3.3 -10.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 9 4.0 -9.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 23 6.6 -6.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 28 3.7 -9.8
GLOF iShares Global Equity Factor ETF 0.2 20 28 7.0 -6.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 36 5.0 -8.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 36 4.8 -8.7
FPAG FPA Global Equity ETF 0.2 49 -1 6.3 -7.2
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 36 6.2 -7.3
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 35 6.6 -6.9
IWF iShares Russell 1000 Growth ETF 0.2 19 29 4.8 -8.7
VONG Vanguard Russell 1000 Growth ETF 0.2 8 40 4.9 -8.6
DGT SPDR Global Dow ETF 0.2 50 -2 8.1 -5.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 33 2.8 -10.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 -2 6.5 -7.0
DFGR Dimensional Global Real Estate ETF 0.1 22 26 3.2 -10.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -10 5.5 -8.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 38 5.4 -8.1
VYM Vanguard High Dividend Yield Index ETF 0.1 6 42 7.3 -6.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 5.0 -8.5
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 35 3.4 -10.1
RXI iShares Global Consumer Discretionary ETF 0.1 41 7 9.2 -4.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 6.2 -7.3
IWB iShares Russell 1000 ETF 0.1 15 33 5.4 -8.1
VONE Vanguard Russell 1000 ETF 0.1 8 40 5.5 -8.0
IXP iShares Global Comm Services ETF 0.1 42 6 6.7 -6.8
VTHR Vanguard Russell 3000 ETF 0.1 10 38 5.3 -8.2
IWV iShares Russell 3000 ETF 0.1 20 28 5.2 -8.3
GVLU Gotham 1000 Value ETF 0.1 50 -2 9.1 -4.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 7.2 -6.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 9 7.5 -6.0
IXJ iShares Global Healthcare ETF 0.1 42 6 6.6 -6.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 6 5.2 -8.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 16 5.3 -8.2
VFMF Vanguard U.S. Multifactor ETF 0.1 18 30 8.5 -5.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -11 3.5 -10.0
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -7 6.9 -6.6
CCMG CCM Global Equity ETF 0.1 34 14 8.5 -5.0
TAX Cambria Tax Aware ETF 0.0 49 -1 8.0 -5.5
DFVX Dimensional US Large Cap Vector ETF 0.0 22 26 6.6 -6.9
ILCV iShares Morningstar Value ETF 0.0 4 44 6.8 -6.7
IWY iShares Russell Top 200 Growth ETF 0.0 20 28 4.9 -8.6
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -2 5.2 -8.3
DUHP Dimensional US High Profitability ETF 0.0 21 27 6.6 -6.9
AVUS Avantis U.S. Equity ETF 0.0 15 33 6.6 -6.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 31 7.3 -6.2
IUS Invesco RAFI Strategic US ETF 0.0 19 29 7.3 -6.2
DIVB iShares Core Dividend ETF 0.0 5 43 7.7 -5.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 23 7.6 -5.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -1 4.9 -8.6
IWL iShares Russell Top 200 ETF 0.0 15 33 5.2 -8.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 46 5.5 -8.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 41 5.4 -8.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 19 6.0 -7.5
VOTE TCW Transform 500 ETF 0.0 5 43 5.4 -8.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 5.5 -8.0
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 45 5.4 -8.1
DFUS Dimensional U.S. Equity ETF 0.0 9 39 5.5 -8.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 36 5.7 -7.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 31 6.2 -7.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 23 7.8 -5.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 48 5.5 -8.0
QDF FlexShares Quality Dividend Index Fund 0.0 37 11 6.2 -7.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 23 6.0 -7.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 34 5.9 -7.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 30 5.8 -7.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 18 5.4 -8.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 19 6.6 -6.9
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 11 5.9 -7.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 iShares Latin America 40 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 16.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 13.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.50
 
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.