iShares Latin America 40 ETF
ALTAR
Score™		 13.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.5x P/Sales
ratio		 1.0x
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) $1,728
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) $27,188
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 9.5 %
ITAU UNIBANCO HLDNG-PREF ADR 7.7 %
VALE SA-SP ADR 7.7 %
PETROLEO BRASILEIRO-SPON ADR 5.4 %
PETROLEO BRASILEIRO S.A.-ADR 5.1 %
GRUPO FINANCIERO BANORTE-O 4.9 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.1 %
FOMENTO ECONOMICO MEXICANO SAB DE 3.9 %
WALMART DE MEXICO-SER V 3.6 %
AMERICA MOVIL B 3.6 %
Total 55.4 %

TOP COUNTRY EXPOSURE
BRAZIL 48.8 %
MEXICO 22.1 %
CAYMAN ISLANDS 9.5 %
CHILE 7.1 %
PERU 3.3 %
UNITED STATES 2.0 %
COLOMBIA 1.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.3% 10.2% 10.8% 3.3% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.69 29%
MSCI EAFE 0.80 40%
MSCI Emg. Mkts. 0.63 26%

Technical Indicators
Recent close $26.28
30d moving avg. $25.69
Annualized volatility 20.7%
Short interest (ETF) 1.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1,845
Turnover 2.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,162

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 294 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™: 13.0%


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 38.0 75 -27 12.6 -0.4
FLLA Franklin FTSE Latin America ETF 31.0 19 29 13.4 +0.5
EWZ iShares MSCI Brazil ETF 25.2 58 -10 13.0 +0.0
FLMX Franklin FTSE Mexico ETF 22.5 19 29 10.6 -2.4
EWW iShares MSCI Mexico ETF 22.5 50 -2 10.3 -2.7
FLN First Trust Latin America AlphaDEX Fund 18.6 80 -32 10.4 -2.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 15.5 75 -27 9.8 -3.1
FLBR Franklin FTSE Brazil ETF 13.6 19 29 15.0 +2.0
FTHF First Trust Emerging Markets Human Flourishing ETF 13.5 75 -27 8.5 -4.5
LIVR Intelligent Livermore ETF 13.2 69 -21 6.2 -6.7
FRDM Freedom 100 Emerging Markets ETF 9.3 49 -1 8.8 -4.2
SLX VanEck Steel ETF 8.5 56 -8 15.2 +2.2
FBZ First Trust Brazil AlphaDEX Fund 8.0 80 -32 12.0 -1.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 7.2 85 -37 9.9 -3.1
GMET VanEck Green Metals ETF 7.2 63 -15 9.4 -3.6
EV Mast Global Battery Recycling & Production ETF 6.9 65 -17 10.6 -2.4
BINV Brandes International ETF 6.7 70 -22 9.6 -3.4
EPU iShares MSCI Peru and Global Exposure ETF 6.5 59 -11 7.3 -5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.1 44 4 11.0 -2.0
DMAT Global X Disruptive Materials ETF 6.1 59 -11 9.3 -3.6
ICOP iShares Copper and Metals Mining ETF 6.1 47 1 8.9 -4.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.1 29 19 8.8 -4.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 6.0 86 -38 0.8 -12.2
FEM First Trust Emerging Markets AlphaDEX Fund 5.9 80 -32 12.2 -0.8
EMC Global X Emerging Markets Great Consumer ETF 5.4 75 -27 8.9 -4.1
ECH iShares MSCI Chile ETF 5.2 58 -10 9.0 -4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.2 24 24 8.2 -4.8
SPYA Twin Oak Endure ETF 5.1 80 -32 -2.2 -15.1
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 -11 13.3 +0.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.8 33 15 8.7 -4.3
STXE Strive Emerging Markets Ex-China ETF 4.8 32 16 7.8 -5.2
BATT Amplify Lithium & Battery Technology ETF 4.7 59 -11 3.8 -9.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.7 33 15 10.2 -2.8
SPEM SPDR Portfolio Emerging Markets ETF 4.6 7 41 10.6 -2.3
EDIV SPDR S&P Emerging Markets Dividend ETF 4.4 49 -1 11.9 -1.0
EMXC iShares MSCI Emerging Markets ex China ETF 4.4 25 23 7.7 -5.3
AOTG AOT Growth and Innovation ETF 4.3 75 -27 1.8 -11.2
EMXF iShares ESG Advanced MSCI EM ETF 4.1 16 32 8.5 -4.5
DSTX Distillate International Fundamental Stability & Value ETF 4.1 55 -7 8.2 -4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 4.0 15 33 7.7 -5.3
MEM Matthews Emerging Markets Equity Active ETF 4.0 79 -31 8.0 -5.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.0 30 18 9.9 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.9 39 9 16.3 +3.3
XCEM Columbia EM Core ex-China ETF 3.9 16 32 8.1 -4.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.8 70 -22 14.6 +1.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.6 60 -12 7.2 -5.8
NUEM Nuveen ESG Emerging Markets Equity ETF 3.6 36 12 7.8 -5.2
MXI iShares Global Materials ETF 3.6 41 7 7.9 -5.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.5 86 -38 13.3 +0.3
GVAL Cambria Global Value ETF 3.5 68 -20 11.1 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 3.4 17 31 13.1 +0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 3.3 48 0 7.8 -5.2
AVES Avantis Emerging Markets Value ETF 3.3 36 12 11.6 -1.3
AVEM Avantis Emerging Markets Equity ETF 3.2 33 15 9.2 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.2 30 18 10.4 -2.6
VCLN Virtus Duff & Phelps Clean Energy ETF 3.2 59 -11 5.5 -7.5
PXH Invesco FTSE RAFI Emerging Markets ETF 3.2 49 -1 16.0 +3.0
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 -27 6.7 -6.3
LOUP Innovator Deepwater Frontier Tech ETF 3.1 70 -22 1.1 -11.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.1 15 33 8.2 -4.8
EEM iShares MSCI Emerging Markets ETF 3.1 69 -21 10.3 -2.7
WWJD Inspire International ETF 3.0 80 -32 7.3 -5.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.0 20 28 10.8 -2.2
BPAY BlackRock Future Financial and Technology ETF 2.9 70 -22 6.4 -6.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 -12 11.0 -2.0
ECON Columbia Emerging Markets Consumer ETF 2.9 49 -1 12.4 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 2.8 39 9 13.7 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 2.8 32 16 6.1 -6.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.8 53 -5 7.7 -5.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.8 32 16 6.9 -6.1
ROAM Hartford Multifactor Emerging Markets ETF 2.8 44 4 12.0 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.7 66 -18 9.9 -3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 2.7 29 19 6.5 -6.4
BLOK Amplify Transformational Data Sharing ETF 2.7 75 -27 -0.0 -13.0
ESGE iShares ESG Aware MSCI EM ETF 2.7 25 23 10.1 -2.9
FEOE First Eagle Overseas Equity ETF 2.6 79 -31 8.3 -4.7
VIDI Vident International Equity Strategy ETF 2.6 61 -13 11.4 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 2.6 9 39 10.6 -2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 2.6 33 15 8.7 -4.3
BKF iShares MSCI BIC ETF 2.6 69 -21 13.3 +0.3
MID American Century Mid Cap Growth Impact ETF 2.5 45 3 3.1 -9.9
BKEM BNY Mellon Emerging Markets Equity ETF 2.5 11 37 10.2 -2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.5 45 3 10.5 -2.4
GNR SPDR S&P Global Natural Resources ETF 2.5 40 8 11.4 -1.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.4 88 -40 9.4 -3.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 3 10.7 -2.3
DFEV Dimensional Emerging Markets Value ETF 2.4 43 5 13.3 +0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.4 36 12 9.9 -3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.4 32 16 9.3 -3.7
CGXU Capital Group International Focus Equity ETF 2.4 54 -6 5.8 -7.2
DEM WisdomTree Emerging Markets High Dividend Fund 2.4 63 -15 13.2 +0.2
SCHE Schwab Emerging Markets Equity ETF 2.3 11 37 11.2 -1.8
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 -1 10.5 -2.5
VWO Vanguard FTSE Emerging Markets ETF 2.3 7 41 10.6 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.3 15 33 10.4 -2.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.2 49 -1 9.4 -3.6
EMM Global X Emerging Markets ex-China ETF 2.2 75 -27 6.0 -7.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.2 67 -19 13.8 +0.8
HAP VanEck Natural Resources ETF 2.1 50 -2 9.6 -3.4
AQWA Global X Clean Water ETF 2.1 50 -2 4.9 -8.1
CGW Invesco S&P Global Water Index ETF 2.1 57 -9 4.6 -8.4
PIO Invesco Global Water ETF 2.1 75 -27 4.7 -8.3
EFRA iShares Environmental Infrastructure and Industrials ETF 2.1 47 1 5.2 -7.8
IWTR iShares MSCI Water Management Multisector ETF 2.1 47 1 5.6 -7.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.1 35 13 19.3 +6.4
BITQ Bitwise Crypto Industry Innovators ETF 2.0 85 -37 -2.5 -15.5
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 13 9.5 -3.5
SETM Sprott Energy Transition Materials ETF 2.0 65 -17 3.6 -9.4
FXZ First Trust Materials AlphaDEX Fund 2.0 61 -13 10.7 -2.3
COPX Global X Copper Miners ETF 2.0 65 -17 8.1 -4.9
QVAL Alpha Architect US Quantitative Value ETF 2.0 39 9 9.8 -3.2
CCSO Carbon Collective Climate Solutions US Equity ETF 2.0 35 13 1.1 -11.9
AGMI Themes Silver Miners ETF 2.0 35 13 6.7 -6.3
COPA Themes Copper Miners ETF 2.0 35 13 6.4 -6.6
TIME Clockwise Core Equity & Innovation ETF 1.9 95 -47 2.8 -10.2
IXC iShares Global Energy ETF 1.9 44 4 10.3 -2.6
BLES Inspire Global Hope ETF 1.9 61 -13 6.8 -6.2
ICLN iShares Global Clean Energy ETF 1.8 41 7 5.8 -7.2
EMGF iShares Emerging Markets Equity Factor ETF 1.8 25 23 11.9 -1.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.8 39 9 11.4 -1.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.8 49 -1 6.1 -6.9
ABLG Abacus FCF International Leaders ETF 1.7 59 -11 6.3 -6.7
IYM iShares U.S. Basic Materials ETF 1.6 40 8 6.6 -6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.6 41 7 8.9 -4.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.6 25 23 6.5 -6.5
VRAI Virtus Real Asset Income ETF 1.6 55 -7 10.5 -2.5
DINT Davis Select International ETF 1.5 55 -7 8.0 -4.9
FEGE First Eagle Global Equity ETF 1.5 79 -31 7.0 -6.0
KXI iShares Global Consumer Staples ETF 1.5 41 7 5.6 -7.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.5 38 10 9.5 -3.5
ABLD Abacus FCF Real Assets Leaders ETF 1.5 69 -21 7.1 -5.9
SFYF SoFi Social 50 ETF 1.5 29 19 0.3 -12.7
TTAI FCF International Quality ETF 1.5 59 -11 7.0 -6.0
RNRG Global X Renewable Energy Producers ETF 1.4 66 -18 5.7 -7.3
COLO Global X MSCI Colombia ETF 1.4 62 -14 18.3 +5.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 -2 11.4 -1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -47 12.9 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -11 11.8 -1.2
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 18 7.8 -5.2
IXG iShares Global Financials ETF 1.4 42 6 6.8 -6.2
IWP iShares Russell Mid-Cap Growth ETF 1.3 23 25 3.4 -9.6
ARKF ARK Fintech Innovation ETF 1.3 75 -27 -0.5 -13.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.3 46 2 10.3 -2.7
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 23 13.0 -0.0
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -18 12.4 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 3 4.5 -8.5
LITP Sprott Lithium Miners ETF 1.1 65 -17 4.7 -8.3
REMX VanEck Rare Earth/Strategic Metals ETF 1.1 54 -6 5.1 -7.9
LIT Global X Lithium & Battery Tech ETF 1.1 75 -27 5.3 -7.7
ILIT iShares Lithium Miners and Producers ETF 1.1 47 1 8.0 -4.9
LIMI Themes Lithium & Battery Metal Miners ETF 1.1 35 13 7.6 -5.4
APIE ActivePassive International Equity ETF 1.1 45 3 7.5 -5.5
CZA Invesco Zacks Mid-Cap ETF 1.1 72 -24 6.5 -6.5
FTAG First Trust Indxx Global Agriculture ETF 1.1 70 -22 8.2 -4.8
PBW Invesco WilderHill Clean Energy ETF 1.1 66 -18 -4.5 -17.4
JXI iShares Global Utilities ETF 1.1 43 5 6.0 -7.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.1 68 -20 2.4 -10.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.1 90 -42 7.7 -5.3
VYMI Vanguard International High Dividend Yield ETF 1.0 17 31 9.9 -3.1
RCGE RockCreek Global Equality ETF 1.0 95 -47 6.3 -6.7
ZSB USCF Sustainable Battery Metals Strategy Fund 1.0 61 -13 8.9 -4.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.0 58 -10 -3.0 -16.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.0 68 -20 5.4 -7.6
CVAR Cultivar ETF 1.0 87 -39 6.9 -6.1
ARGT Global X MSCI Argentina ETF 0.9 59 -11 4.3 -8.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 34 14 7.9 -5.1
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -58 11.9 -1.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 7 6.9 -6.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.9 40 8 7.1 -5.8
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -41 4.8 -8.2
PBD Invesco Global Clean Energy ETF 0.9 75 -27 0.6 -12.4
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 -11 7.1 -5.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.8 4 44 8.2 -4.8
FDFF Fidelity Disruptive Finance ETF 0.8 50 -2 4.0 -9.0
BUZZ VanEck Social Sentiment ETF 0.8 75 -27 0.0 -12.9
IXUS iShares Core MSCI Total International Stock ETF 0.8 7 41 8.0 -5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 1 8.5 -4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.8 41 7 7.7 -5.2
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 1 9.3 -3.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.8 49 -1 4.4 -8.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 30 7.8 -5.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 1 5.8 -7.2
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 19 4.7 -8.3
IYF iShares U.S. Financials ETF 0.7 40 8 6.0 -7.0
VSGX Vanguard ESG International Stock ETF 0.6 10 38 7.9 -5.1
VXUS Vanguard Total International Stock ETF 0.6 5 43 8.0 -4.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 -1 6.3 -6.7
DEW WisdomTree Global High Dividend Fund 0.6 58 -10 8.7 -4.3
NXTG First Trust Indxx NextG ETF 0.6 70 -22 5.3 -7.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 28 5.8 -7.2
JIG JPMorgan International Growth ETF 0.5 55 -7 4.7 -8.3
CGDG Capital Group Dividend Growers ETF 0.5 47 1 6.2 -6.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 -7 7.6 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 39 5.9 -7.1
SDIV Global X Superdividend ETF 0.5 58 -10 40.3 +27.3
PTL Inspire 500 ETF 0.5 9 39 5.4 -7.6
RODE Hartford Multifactor Diversified International ETF 0.4 29 19 12.7 -0.3
SMOG VanEck Low Carbon Energy ETF 0.4 61 -13 1.6 -11.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -22 5.2 -7.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 36 5.3 -7.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 38 8.2 -4.8
SCHY Schwab International Dividend Equity ETF 0.4 14 34 9.7 -3.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 36 8.0 -5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 30 7.8 -5.2
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 38 5.9 -7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 18 8.1 -4.9
CUT Invesco MSCI Global Timber ETF 0.4 61 -13 10.1 -2.9
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -1 18.8 +5.9
WOOD iShares Global Timber & Forestry ETF 0.4 42 6 12.1 -0.9
LRGF iShares U.S. Equity Factor ETF 0.4 8 40 5.6 -7.4
IWR iShares Russell Midcap ETF 0.4 19 29 5.9 -7.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 28 7.0 -6.0
ACWI iShares MSCI ACWI ETF 0.3 32 16 5.7 -7.3
JHDV John Hancock U.S. High Dividend ETF 0.3 34 14 6.7 -6.3
VT Vanguard Total World Stock ETF 0.3 6 42 6.0 -7.0
EXI iShares Global Industrials ETF 0.3 42 6 4.5 -8.4
GINN Goldman Sachs Innovate Equity ETF 0.3 52 -4 3.7 -9.3
CGGR Capital Group Growth ETF 0.3 39 9 3.3 -9.7
IGRO iShares International Dividend Growth ETF 0.3 15 33 7.2 -5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 6 6.7 -6.3
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -2 7.2 -5.8
REET iShares Global REIT ETF 0.2 14 34 7.7 -5.3
AVRE Avantis Real Estate ETF 0.2 17 31 7.2 -5.8
SFYX SoFi Next 500 ETF 0.2 0 48 6.0 -7.0
RVRB Reverb ETF 0.2 30 18 4.7 -8.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 23 8.0 -5.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 36 4.5 -8.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 36 4.6 -8.4
FPAG FPA Global Equity ETF 0.2 49 -1 5.8 -7.2
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 36 5.9 -7.1
DFGR Dimensional Global Real Estate ETF 0.2 22 26 7.6 -5.4
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 28 2.7 -10.2
IWF iShares Russell 1000 Growth ETF 0.2 19 29 4.4 -8.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 41 4.6 -8.4
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 35 6.4 -6.6
GLOF iShares Global Equity Factor ETF 0.2 20 28 6.7 -6.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 33 4.7 -8.3
DGT SPDR Global Dow ETF 0.1 50 -2 7.3 -5.7
GVLU Gotham 1000 Value ETF 0.1 50 -2 9.0 -4.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 38 5.3 -7.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 -2 5.4 -7.6
VYM Vanguard High Dividend Yield Index ETF 0.1 6 42 7.2 -5.8
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.8 -8.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 9 6.6 -6.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 35 3.2 -9.8
IXJ iShares Global Healthcare ETF 0.1 42 6 7.2 -5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -10 4.8 -8.2
IWB iShares Russell 1000 ETF 0.1 15 33 5.0 -8.0
VONE Vanguard Russell 1000 ETF 0.1 7 41 5.0 -8.0
IXP iShares Global Comm Services ETF 0.1 42 6 5.7 -7.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 5.5 -7.5
RXI iShares Global Consumer Discretionary ETF 0.1 41 7 9.2 -3.8
IWV iShares Russell 3000 ETF 0.1 20 28 4.9 -8.1
VTHR Vanguard Russell 3000 ETF 0.1 7 41 5.0 -8.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 7.1 -5.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 6 5.5 -7.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 16 5.0 -8.0
VFMF Vanguard U.S. Multifactor ETF 0.1 18 30 8.2 -4.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -11 2.9 -10.1
IUS Invesco RAFI Strategic US ETF 0.1 19 29 6.8 -6.2
CCMG CCM Global Equity ETF 0.1 34 14 8.6 -4.3
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -7 6.2 -6.8
DFVX Dimensional US Large Cap Vector ETF 0.1 22 26 6.3 -6.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 9 6.9 -6.1
IWY iShares Russell Top 200 Growth ETF 0.0 20 28 4.6 -8.4
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -2 4.9 -8.1
ILCV iShares Morningstar Value ETF 0.0 4 44 6.7 -6.3
DUHP Dimensional US High Profitability ETF 0.0 21 27 6.4 -6.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 13 5.2 -7.8
AVUS Avantis U.S. Equity ETF 0.0 15 33 5.9 -7.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 31 7.1 -5.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -1 4.9 -8.1
DIVB iShares Core Dividend ETF 0.0 5 43 7.7 -5.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 46 5.0 -8.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 41 4.9 -8.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 19 5.4 -7.5
VOTE TCW Transform 500 ETF 0.0 5 43 5.0 -8.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 5.0 -8.0
IWL iShares Russell Top 200 ETF 0.0 15 33 4.7 -8.3
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 45 5.0 -8.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 36 5.2 -7.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 23 7.3 -5.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 31 5.6 -7.3
DFUS Dimensional U.S. Equity ETF 0.0 9 39 4.9 -8.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 34 5.5 -7.5
DXUV Dimensional US Vector Equity ETF 0.0 28 20 6.4 -6.6
EBI Longview Advantage ETF 0.0 35 13 6.7 -6.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 48 5.0 -8.0
QDF FlexShares Quality Dividend Index Fund 0.0 37 11 6.4 -6.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 23 5.8 -7.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 30 5.5 -7.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 18 4.5 -8.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 19 6.5 -6.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 11 6.2 -6.8

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:		 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 13.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 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.