Invesco International BuyBack Achievers ETF
ALTAR
Score™		 14.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.3x P/Sales
ratio		 0.9x
P/BV
ratio		 1.1x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco International BuyBack Achievers Portfolio is an exchange-traded fund incorporated in the USA. The Fund is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.

FUND BASICS
Category International Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Feb 24, 2014
Assets (mns) $184
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Grantor Trust
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 120
Wgt avg mkt cap (mns) $91,419
Large cap (>$10bn) 84.6%
Mid cap ($2-10bn) 12.1%
Small cap (<$2bn) 3.3%
Developed mkts 94.8%
Emerging mkts 5.2%

TOP TEN HOLDINGS
SAP AG 5.5 %
UNICREDIT S.P.A. 5.4 %
PROSUS N.V. CLASS N 5.3 %
HSBC HOLDINGS PLC 5.0 %
ALIBABA GROUP HOLDING LTD. 4.8 %
TOTAL SA 4.5 %
SHELL PLC 4.5 %
BP PLC 4.4 %
NATWEST GROUP PLC 2.8 %
BAE SYSTEMS PLC 2.8 %
Total 44.8 %

TOP COUNTRY EXPOSURE
BRITAIN 29.5 %
JAPAN 14.3 %
NETHERLANDS 8.8 %
CHINA 8.4 %
GERMANY 8.3 %
ITALY 5.5 %
CANADA 5.2 %
FRANCE 4.7 %
SOUTH KOREA 2.7 %
NORWAY 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 16.8% 15.8% 8.0% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.74 51%
MSCI EAFE 0.94 88%
MSCI Emg. Mkts. 0.76 58%

Technical Indicators
Recent close $47.19
30d moving avg. $43.94
Annualized volatility 17.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 95
Turnover 2.4%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $3,321

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 455 potential alternatives to the Invesco International BuyBack Achievers ETF ETF based on the alternatives' overlap in portfolio holdings with IPKW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPKW Expense: 55 bp ALTAR Score™: 14.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPKW
Ticker Fund
Name		 Overlap1
vs IPKW
(%)		 Expense
ratio
(bp)		 Savings
vs IPKW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IPKW
(%)
EWU iShares MSCI United Kingdom ETF 21.5 50 5 8.6 -5.9
FILL iShares MSCI Global Energy Producers ETF 15.6 39 16 12.3 -2.3
FLGB Franklin FTSE United Kingdom ETF 15.1 9 46 8.0 -6.6
FEZ SPDR EURO STOXX 50 ETF 15.0 29 26 7.1 -7.4
FKU First Trust United Kingdom AlphaDEX Fund 14.9 80 -25 7.6 -7.0
IXC iShares Global Energy ETF 14.4 44 11 10.7 -3.9
EUFN iShares MSCI Europe Financials ETF 14.3 51 4 8.3 -6.2
RFDI First Trust Riverfront Dynamic Developed International ETF 14.1 83 -28 9.8 -4.7
IDMO Invesco S&P International Developed Momentum ETF 13.8 25 30 5.5 -9.0
INEQ Columbia International Equity Income ETF 13.2 45 10 8.7 -5.8
FYLD Cambria Foreign Shareholder Yield ETF 13.1 59 -4 12.1 -2.4
IEV iShares Europe ETF 12.8 67 -12 6.9 -7.6
IVLU iShares MSCI Intl Value Factor ETF 12.8 30 25 11.0 -3.5
CGIE Capital Group International Equity ETF 12.6 54 1 5.0 -9.5
IDV iShares International Select Dividend ETF 12.5 51 4 12.0 -2.5
EFV iShares MSCI EAFE Value ETF 12.4 34 21 9.4 -5.1
FDD First Trust Stoxx European Select Dividend Index Fund 12.2 58 -3 12.0 -2.6
EZU iShares MSCI Eurozone ETF 11.8 52 3 6.8 -7.8
FDNI First Trust Dow Jones International Internet ETF 11.6 65 -10 19.2 +4.7
IEUR iShares Core MSCI Europe ETF 11.6 11 44 7.4 -7.1
VGK Vanguard FTSE Europe ETF 11.4 11 44 7.4 -7.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.2 45 10 6.7 -7.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.1 45 10 9.2 -5.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.0 58 -3 6.8 -7.7
IQDG WisdomTree International Quality Dividend Growth Fund 11.0 42 13 7.1 -7.5
GNR SPDR S&P Global Natural Resources ETF 11.0 40 15 11.7 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 10.7 9 46 7.2 -7.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 10.7 46 9 6.6 -7.9
DTH WisdomTree International High Dividend Fund 10.6 58 -3 9.1 -5.5
RFEU First Trust Riverfront Dynamic Europe ETF 10.5 83 -28 10.6 -4.0
SPEU SPDR Portfolio Europe ETF 10.5 7 48 7.4 -7.1
FNDF Schwab Fundamental International Large Co. Index ETF 10.3 25 30 10.0 -4.6
IMTM iShares MSCI Intl Momentum Factor ETF 10.1 30 25 5.5 -9.1
FIVA Fidelity International Value Factor ETF 10.0 18 37 10.5 -4.0
FLEE Franklin FTSE Europe ETF 9.9 9 46 7.3 -7.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 9.8 46 9 10.6 -3.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.7 25 30 7.4 -7.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.6 35 20 6.8 -7.7
FEP First Trust Europe AlphaDEX Fund 9.4 80 -25 9.6 -4.9
STXI Strive International Developed Markets ETF 9.3 29 26 7.1 -7.4
ESGD iShares ESG Aware MSCI EAFE ETF 9.2 20 35 7.0 -7.5
INTF iShares International Equity Factor ETF 9.2 15 40 7.9 -6.6
JPIN J.P. Morgan Diversified Return International Equity ETF 9.2 37 18 8.8 -5.7
IVAL Alpha Architect International Quantitative Value ETF 9.1 49 6 11.5 -3.0
EFA iShares MSCI EAFE ETF 8.9 35 20 7.0 -7.6
UIVM VictoryShares International Value Momentum ETF 8.9 35 20 9.6 -4.9
DTAN Sparkline International Intangible Value ETF 8.9 55 0 8.4 -6.2
FDEV Fidelity International Multifactor ETF 8.8 18 37 7.7 -6.9
FENI Fidelity Enhanced International ETF 8.8 28 27 6.9 -7.7
DOL WisdomTree International LargeCap Dividend Fund 8.8 48 7 7.5 -7.1
EWN iShares MSCI Netherlands ETF 8.8 50 5 5.6 -8.9
LVHI Franklin International Low Volatility High Dividend Index ET 8.8 40 15 10.8 -3.7
BKCI BNY Mellon Concentrated International ETF 8.7 80 -25 5.0 -9.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.6 58 -3 6.8 -7.8
OEUR ALPS O'Shares Europe Quality Dividend ETF 8.5 48 7 5.9 -8.6
JHMD John Hancock Multifactor Developed International ETF 8.5 39 16 7.8 -6.8
FEOE First Eagle Overseas Equity ETF 8.4 79 -24 8.4 -6.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 8.3 80 -25 10.5 -4.0
JHID John Hancock International High Dividend ETF 8.2 46 9 11.0 -3.5
SHPP Pacer Industrials and Logistics ETF 8.2 60 -5 8.3 -6.2
FXI iShares China Large-Cap ETF 8.1 74 -19 18.5 +3.9
DFIV Dimensional International Value ETF 8.1 27 28 10.2 -4.3
IEFA iShares Core MSCI EAFE ETF 8.1 7 48 7.3 -7.3
FLGR Franklin FTSE Germany ETF 8.0 9 46 6.8 -7.8
JIRE JPMorgan International Research Enhanced Equity ETF 7.9 24 31 7.4 -7.2
CGXU Capital Group International Focus Equity ETF 7.9 54 1 5.8 -8.7
EFAS Global X MSCI SuperDividend EAFE ETF 7.9 57 -2 8.4 -6.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.8 80 -25 5.0 -9.5
IMFL Invesco International Developed Dynamic Multifactor ETF 7.8 34 21 6.0 -8.5
DAX Global X DAX Germany ETF 7.8 21 34 6.6 -7.9
HFXI IQ FTSE International Equity Currency Neutral ETF 7.8 20 35 7.3 -7.3
EWG iShares MSCI Germany ETF 7.7 50 5 6.3 -8.2
DFAI Dimensional International Core Equity Market ETF 7.7 18 37 7.5 -7.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.6 36 19 6.7 -7.8
CGDG Capital Group Dividend Growers ETF 7.6 47 8 6.3 -8.2
GSID Goldman Sachs MarketBeta International Equity ETF 7.6 20 35 7.2 -7.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 7.6 20 35 6.7 -7.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.6 40 15 7.7 -6.8
CLOD Themes Cloud Computing ETF 7.5 35 20 3.0 -11.6
IDEV iShares Core MSCI International Developed Markets ETF 7.5 4 51 7.3 -7.3
SCHF Schwab International Equity ETF 7.5 6 49 7.6 -7.0
SPDW SPDR Portfolio Developed World ex-US ETF 7.5 3 52 7.4 -7.2
VYMI Vanguard International High Dividend Yield ETF 7.4 22 33 9.9 -4.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.4 30 25 7.1 -7.4
DWM WisdomTree International Equity Fund 7.4 48 7 7.7 -6.9
RXI iShares Global Consumer Discretionary ETF 7.4 41 14 8.9 -5.6
CWI SPDR MSCI ACWI ex-US ETF 7.3 30 25 8.0 -6.6
DIVI Franklin International Core Dividend Tilt Index ETF 7.3 9 46 8.2 -6.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.3 29 26 8.1 -6.5
VEA Vanguard FTSE Developed Markets ETF 7.2 5 50 7.5 -7.0
FLCH Franklin FTSE China ETF 7.2 19 36 17.4 +2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.1 86 -31 13.5 -1.1
MCHI iShares MSCI China ETF 7.1 59 -4 18.3 +3.7
ACWX iShares MSCI ACWI ex U.S. ETF 7.0 34 21 8.0 -6.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.0 25 30 7.3 -7.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 7.0 32 23 18.4 +3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.9 39 16 8.6 -6.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 6.9 22 33 5.8 -8.8
GXC SPDR S&P China ETF 6.9 59 -4 17.0 +2.5
KALL KraneShares MSCI All China Index ETF 6.8 49 6 14.9 +0.3
BKIE BNY Mellon International Equity ETF 6.8 4 51 7.3 -7.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.8 60 -5 12.3 -2.3
KTEC KraneShares Hang Seng TECH Index ETF 6.8 69 -14 20.6 +6.1
KWEB KraneShares CSI China Internet ETF 6.8 69 -14 26.9 +12.3
MCH Matthews China Active ETF 6.8 79 -24 15.8 +1.3
CHIQ Global X MSCI China Consumer Discretionary ETF 6.8 65 -10 14.5 -0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 6.7 20 35 10.6 -3.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.7 20 35 6.5 -8.0
VEU Vanguard FTSE All-World ex-US Index Fund 6.6 8 47 8.4 -6.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.6 9 46 9.3 -5.2
TCHI iShares MSCI China Multisector Tech ETF 6.5 59 -4 20.9 +6.4
DMXF iShares ESG Advanced MSCI EAFE ETF 6.5 12 43 5.5 -9.0
AIA iShares Asia 50 ETF 6.4 50 5 14.3 -0.2
IXUS iShares Core MSCI Total International Stock ETF 6.4 7 48 8.2 -6.4
VXUS Vanguard Total International Stock ETF 6.4 7 48 8.2 -6.3
MOTI VanEck Morningstar International Moat ETF 6.3 58 -3 12.9 -1.7
QINT American Century Quality Diversified International ETF 6.2 39 16 7.6 -7.0
EWI iShares MSCI Italy ETF 6.2 50 5 10.0 -4.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.2 18 37 8.0 -6.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.1 41 14 7.7 -6.8
BKF iShares MSCI BIC ETF 6.1 69 -14 13.4 -1.1
ECON Columbia Emerging Markets Consumer ETF 6.1 49 6 12.9 -1.6
VIGI Vanguard International Dividend Appreciation ETF 6.0 15 40 6.2 -8.3
LDEM iShares ESG MSCI EM Leaders ETF 6.0 17 38 13.7 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.0 39 16 6.9 -7.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.9 32 23 6.0 -8.6
FEGE First Eagle Global Equity ETF 5.8 79 -24 7.2 -7.4
FEUZ First Trust Eurozone AlphaDEX ETF 5.7 80 -25 9.6 -4.9
GCOW Pacer Global Cash Cows Dividend ETF 5.7 60 -5 11.1 -3.4
MOTG VanEck Morningstar Global Wide Moat ETF 5.6 52 3 6.9 -7.7
FJP First Trust Japan AlphaDEX Fund 5.5 80 -25 10.1 -4.5
PXH Invesco FTSE RAFI Emerging Markets ETF 5.5 49 6 16.6 +2.1
VWID Virtus WMC International Dividend ETF 5.5 49 6 8.9 -5.7
OSEA Harbor International Compounders ETF 5.5 55 0 4.7 -9.9
PCGG Polen Capital Global Growth ETF 5.5 85 -30 3.7 -10.9
DGT SPDR Global Dow ETF 5.4 50 5 7.5 -7.1
FGM First Trust Germany AlphaDEX Fund 5.4 80 -25 8.3 -6.3
CIL VictoryShares International Volatility Wtd ETF 5.3 45 10 6.8 -7.7
EEMA iShares MSCI Emerging Markets Asia ETF 5.3 49 6 10.6 -3.9
DINT Davis Select International ETF 5.3 55 0 8.2 -6.4
AIVI WisdomTree International AI Enhanced Value Fund 5.3 58 -3 7.4 -7.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.2 65 -10 12.1 -2.5
AGQI First Trust Active Global Quality Income ETF 5.2 85 -30 5.0 -9.6
EFG iShares MSCI EAFE Growth ETF 5.2 36 19 4.4 -10.1
DWLD Davis Select Worldwide ETF 5.1 63 -8 7.6 -6.9
FLAX Franklin FTSE Asia Ex Japan ETF 5.1 19 36 9.8 -4.7
SCHY Schwab International Dividend Equity ETF 5.1 14 41 9.7 -4.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.1 35 20 20.5 +6.0
VSGX Vanguard ESG International Stock ETF 5.1 12 43 8.0 -6.5
IDOG ALPS International Sector Dividend Dogs ETF 5.0 50 5 12.6 -1.9
PATN Pacer Nasdaq International Patent Leaders ETF 5.0 65 -10 6.6 -7.9
FIDI Fidelity International High Dividend ETF 4.9 18 37 9.2 -5.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.9 12 43 6.3 -8.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.8 70 -15 9.7 -4.8
RODE Hartford Multifactor Diversified International ETF 4.8 29 26 11.0 -3.5
MINV Matthews Asia Innovators Active ETF 4.8 79 -24 7.6 -6.9
JCHI JPMorgan Active China ETF 4.8 65 -10 16.0 +1.4
IQLT iShares MSCI Intl Quality Factor ETF 4.8 30 25 6.3 -8.3
DFEV Dimensional Emerging Markets Value ETF 4.7 43 12 14.0 -0.5
DFIC Dimensional International Core Equity 2 ETF 4.7 23 32 7.8 -6.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.7 25 30 13.4 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 4.7 49 6 10.5 -4.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.7 15 40 10.7 -3.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.7 39 16 16.8 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 4.6 58 -3 6.4 -8.1
EUDV ProShares MSCI Europe Dividend Growers ETF 4.6 55 0 5.8 -8.7
IQDF FlexShares International Quality Dividend Index Fund 4.6 47 8 9.3 -5.2
MEM Matthews Emerging Markets Equity Active ETF 4.6 79 -24 8.3 -6.2
BKEM BNY Mellon Emerging Markets Equity ETF 4.6 11 44 10.4 -4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.6 36 19 10.2 -4.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.6 24 31 7.7 -6.8
SHLD Global X Defense Tech ETF 4.5 50 5 3.4 -11.2
EWQ iShares MSCI France ETF 4.5 53 2 7.1 -7.4
DIHP Dimensional International High Profitability ETF 4.5 29 26 7.3 -7.2
IDHQ Invesco S&P International Developed High Quality ETF 4.5 29 26 6.7 -7.9
EWJV iShares MSCI Japan Value ETF 4.5 15 40 9.6 -5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.4 66 -11 10.3 -4.2
DSTX Distillate International Fundamental Stability & Value ETF 4.3 55 0 8.4 -6.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.3 30 25 8.4 -6.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.3 45 10 10.9 -3.6
EMGF iShares Emerging Markets Equity Factor ETF 4.3 25 30 12.2 -2.3
IGRO iShares International Dividend Growth ETF 4.2 15 40 7.3 -7.2
DEW WisdomTree Global High Dividend Fund 4.2 58 -3 8.8 -5.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.2 59 -4 12.2 -2.3
DWMF WisdomTree International Multifactor Fund 4.2 38 17 7.0 -7.5
TPIF Timothy Plan International ETF 4.2 62 -7 6.4 -8.1
EEM iShares MSCI Emerging Markets ETF 4.2 69 -14 10.6 -3.9
GMF SPDR S&P Emerging Asia Pacific ETF 4.2 49 6 9.9 -4.7
IVES Wedbush ETFMG Global Cloud Technology ETF 4.2 68 -13 8.3 -6.2
IQSI IQ Candriam International Equity ETF 4.2 15 40 6.7 -7.8
SCHE Schwab Emerging Markets Equity ETF 4.1 11 44 11.5 -3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.1 30 25 10.7 -3.9
ANEW ProShares MSCI Transformational Changes ETF 4.1 45 10 6.2 -8.3
DIM WisdomTree International MidCap Dividend Fund 4.1 58 -3 7.8 -6.7
NUDM Nuveen ESG International Developed Markets Equity ETF 4.0 31 24 6.5 -8.0
IXG iShares Global Financials ETF 4.0 42 13 6.8 -7.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.0 32 23 9.5 -5.0
DFSI Dimensional International Sustainability Core 1 ETF 4.0 24 31 6.6 -7.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.9 49 6 7.4 -7.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.9 14 41 6.4 -8.1
UMMA Wahed Dow Jones Islamic World ETF 3.9 65 -10 5.3 -9.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.9 33 22 10.5 -4.1
IMOM Alpha Architect International Quantitative Momentum ETF 3.8 49 6 4.6 -9.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.8 95 -40 13.0 -1.5
WRND IQ Global Equity R&D Leaders ETF 3.8 18 37 8.9 -5.7
PPIE Putnam PanAgora ESG International Equity ETF 3.8 49 6 7.6 -6.9
EMC Global X Emerging Markets Great Consumer ETF 3.8 75 -20 8.2 -6.3
VWO Vanguard FTSE Emerging Markets ETF 3.8 8 47 10.9 -3.7
IEMG iShares Core MSCI Emerging Markets ETF 3.8 9 46 10.8 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.7 47 8 8.6 -6.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.7 65 -10 3.7 -10.8
DISV Dimensional International Small Cap Value ETF 3.7 42 13 9.8 -4.7
IDLV Invesco S&P International Developed Low Volatility ETF 3.7 25 30 6.6 -7.9
VIDI Vident International Equity Strategy ETF 3.6 61 -6 11.3 -3.2
DFIS Dimensional International Small Cap ETF 3.6 39 16 7.8 -6.8
IOO iShares Global 100 ETF 3.6 41 14 5.2 -9.4
SCHC Schwab International Small-Cap Equity ETF 3.6 11 44 7.1 -7.5
AVDE Avantis International Equity ETF 3.6 23 32 7.9 -6.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.6 65 -10 8.2 -6.3
CGGO Capital Group Global Growth Equity ETF 3.5 47 8 4.9 -9.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.5 25 30 7.8 -6.8
AVDV Avantis International Small Cap Value ETF 3.5 36 19 10.6 -4.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.5 45 10 4.4 -10.1
SPEM SPDR Portfolio Emerging Markets ETF 3.5 7 48 10.8 -3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.4 56 -1 12.3 -2.2
FNDC Schwab Fundamental International Small Co. Index ETF 3.4 39 16 6.2 -8.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.4 80 -25 9.9 -4.6
IEUS iShares MSCI Europe Small-Cap ETF 3.3 42 13 7.4 -7.1
AVSD Avantis Responsible International Equity ETF 3.3 23 32 5.9 -8.7
ESGE iShares ESG Aware MSCI EM ETF 3.3 25 30 10.5 -4.0
DFAE Dimensional Emerging Core Equity Market ETF 3.2 35 20 10.0 -4.5
ISCF iShares International SmallCap Equity Factor ETF 3.2 23 32 8.7 -5.8
SCJ iShares MSCI Japan Small-Cap ETF 3.2 50 5 7.3 -7.2
AVIV Avantis International Large Cap Value ETF 3.2 25 30 9.1 -5.4
RCGE RockCreek Global Equality ETF 3.2 95 -40 6.4 -8.1
KNO AXS Knowledge Leaders ETF 3.1 78 -23 6.1 -8.4
GLOF iShares Global Equity Factor ETF 3.1 20 35 6.9 -7.7
FDTX Fidelity Disruptive Technology ETF 3.1 50 5 2.8 -11.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.1 7 48 7.1 -7.4
TTAI FCF International Quality ETF 3.1 59 -4 7.1 -7.4
CLNR IQ Cleaner Transport ETF 3.1 45 10 6.9 -7.6
EEMO Invesco S&P Emerging Markets Momentum ETF 3.0 29 26 6.7 -7.8
CHAT Roundhill Generative AI & Technology ETF 2.9 75 -20 7.0 -7.6
DWX SPDR S&P International Dividend ETF 2.9 45 10 6.2 -8.3
KOCG FIS Knights of Columbus Global Belief ETF 2.9 75 -20 5.1 -9.5
WLDR Affinity World Leaders Equity ETF 2.9 67 -12 7.9 -6.6
JIG JPMorgan International Growth ETF 2.8 55 0 4.7 -9.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.8 38 17 9.9 -4.7
NATO Themes Transatlantic Defense ETF 2.8 35 20 2.8 -11.8
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.8 60 -5 3.8 -10.8
QWLD SPDR MSCI World StrategicFactors ETF 2.8 30 25 6.2 -8.4
SCZ iShares MSCI EAFE Small-Cap ETF 2.7 40 15 7.4 -7.2
LUX Tema Luxury ETF 2.7 75 -20 4.3 -10.2
KLMT Invesco MSCI Global Climate 500 ETF 2.7 10 45 6.0 -8.5
FLJH Franklin FTSE Japan Hedged ETF 2.7 9 46 6.8 -7.8
ESGG FlexShares STOXX Global ESG Select Index Fund 2.7 42 13 5.6 -8.9
FLJP Franklin FTSE Japan ETF 2.7 9 46 7.0 -7.5
DXJ WisdomTree Japan Hedged Equity Fund 2.7 48 7 8.3 -6.2
JPXN iShares JPX-Nikkei 400 ETF 2.7 48 7 7.4 -7.2
IBUY Amplify Online Retail ETF 2.7 65 -10 3.0 -11.6
FLKR Franklin FTSE South Korea ETF 2.6 9 46 10.9 -3.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 5 5.9 -8.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.6 9 46 6.1 -8.5
ACWI iShares MSCI ACWI ETF 2.6 32 23 5.8 -8.7
BBJP JPMorgan BetaBuilders Japan ETF 2.6 19 36 7.5 -7.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.6 47 8 6.9 -7.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.6 41 14 9.4 -5.1
EWJ iShares MSCI Japan ETF 2.5 50 5 6.9 -7.6
EWY iShares MSCI South Korea ETF 2.5 58 -3 10.4 -4.2
MOTO SmartETFs Smart Transportation & Technology ETF 2.4 68 -13 7.6 -7.0
FPAG FPA Global Equity ETF 2.4 49 6 6.1 -8.5
VT Vanguard Total World Stock ETF 2.4 7 48 6.2 -8.4
URTH iShares MSCI World ETF 2.4 24 31 5.4 -9.1
TOK iShares MSCI Kokusai ETF 2.3 26 29 5.3 -9.2
EWUS iShares MSCI United Kingdom Small Cap ETF 2.3 59 -4 7.4 -7.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.3 80 -25 5.5 -9.0
DLS WisdomTree International SmallCap Dividend Fund 2.3 58 -3 8.7 -5.8
NORW Global X MSCI Norway ETF 2.2 50 5 10.2 -4.3
ENOR iShares MSCI Norway ETF 2.2 53 2 10.2 -4.3
OAIM OneAscent International Equity ETF 2.2 95 -40 6.2 -8.4
OCEN IQ Clean Oceans ETF 2.1 45 10 6.6 -8.0
RAYD Rayliant Quantitative Developed Market Equity ETF 2.1 80 -25 4.6 -9.9
CGV Conductor Global Equity Value ETF 2.1 130 -75 9.3 -5.2
GVAL Cambria Global Value ETF 2.1 68 -13 11.1 -3.5
COPY Tweedy, Browne Insider + Value ETF 2.1 80 -25 12.6 -2.0
WWJD Inspire International ETF 2.1 80 -25 7.4 -7.2
CGRO CoreValues Alpha Greater China Growth ETF 2.0 75 -20 4.1 -10.5
VPL Vanguard FTSE Pacific ETF 2.0 8 47 7.5 -7.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.0 20 35 5.9 -8.6
IXN iShares Global Tech ETF 2.0 41 14 4.1 -10.4
KOKU Xtrackers MSCI Kokusai Equity ETF 2.0 9 46 5.4 -9.2
AIVC Amplify Bloomberg AI Value Chain ETF 1.9 59 -4 6.5 -8.1
IPAC iShares Core MSCI Pacific ETF 1.9 9 46 7.0 -7.5
TOKE Cambria Cannabis ETF 1.9 42 13 -0.3 -14.8
GWX SPDR S&P International Small Cap ETF 1.8 40 15 6.7 -7.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 -25 12.3 -2.2
CZAR Themes Natural Monopoly ETF 1.8 35 20 5.6 -8.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 25 10.1 -4.5
EWC iShares MSCI Canada ETF 1.7 50 5 6.5 -8.1
ISHP First Trust Nasdaq Retail ETF 1.7 60 -5 5.8 -8.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 19 8.1 -6.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.6 39 16 12.1 -2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.6 25 30 6.0 -8.5
SAGP Strategas Global Policy Opportunities ETF 1.6 65 -10 5.4 -9.2
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 7 1.6 -12.9
ROAM Hartford Multifactor Emerging Markets ETF 1.6 44 11 12.2 -2.4
MDEV First Trust Indxx Medical Devices ETF 1.5 70 -15 4.3 -10.2
BUYZ Franklin Disruptive Commerce ETF 1.5 50 5 2.3 -12.2
EIRL iShares MSCI Ireland ETF 1.5 50 5 8.8 -5.8
AVES Avantis Emerging Markets Value ETF 1.5 36 19 12.0 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -25 11.9 -2.6
AZTD Aztlan Global Stock Selection DM SMID ETF 1.4 75 -20 8.0 -6.5
DVYE iShares Emerging Markets Dividend ETF 1.4 49 6 18.6 +4.0
METV Roundhill Ball Metaverse ETF 1.4 59 -4 7.4 -7.2
XT iShares Exponential Technologies ETF 1.4 46 9 5.6 -9.0
EXI iShares Global Industrials ETF 1.4 42 13 4.6 -9.9
EWP iShares MSCI Spain ETF 1.3 50 5 7.7 -6.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.3 63 -8 13.5 -1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 43 5.3 -9.2
DFNL Davis Select Financial ETF 1.3 63 -8 7.8 -6.7
DFJ WisdomTree Japan SmallCap Dividend Fund 1.3 58 -3 8.5 -6.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.3 58 -3 8.2 -6.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -6 1.4 -13.1
BINV Brandes International ETF 1.2 70 -15 9.9 -4.7
FINE Themes European Luxury ETF 1.2 35 20 6.7 -7.8
CRAK VanEck Oil Refiners ETF 1.2 61 -6 15.9 +1.4
ABLG Abacus FCF International Leaders ETF 1.2 59 -4 6.2 -8.3
GINN Goldman Sachs Innovate Equity ETF 1.2 52 3 4.1 -10.4
JXI iShares Global Utilities ETF 1.2 43 12 5.9 -8.6
EMXF iShares ESG Advanced MSCI EM ETF 1.1 16 39 8.5 -6.0
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 16 8.6 -6.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 14 7.0 -7.5
EDEN iShares MSCI Denmark ETF 1.1 53 2 6.9 -7.6
BLES Inspire Global Hope ETF 1.1 61 -6 6.9 -7.6
EYLD Cambria Emerging Shareholder Yield ETF 1.0 66 -11 13.2 -1.3
JGLO JPMorgan Global Select Equity ETF 1.0 33 22 5.1 -9.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 5 11.8 -2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 13 6.7 -7.8
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -5 8.5 -6.0
WDIV SPDR S&P Global Dividend ETF 1.0 40 15 9.7 -4.8
AVEM Avantis Emerging Markets Equity ETF 1.0 33 22 9.4 -5.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 6 6.3 -8.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -15 7.9 -6.6
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 40 7.6 -6.9
JETS U.S. Global Jets ETF 0.9 60 -5 3.8 -10.7
AIRL Themes Airlines ETF 0.9 35 20 3.3 -11.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.9 40 15 7.2 -7.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 -3 8.2 -6.4
EIPI FT Energy Income Partners Enhanced Income ETF 0.9 110 -55 6.3 -8.3
EIPX FT Energy Income Partners Strategy ETF 0.9 95 -40 7.8 -6.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 23 6.9 -7.7
CRTC Xtrackers US National Critical Technologies ETF 0.9 35 20 5.1 -9.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.9 46 9 5.5 -9.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 10 10.7 -3.9
KXI iShares Global Consumer Staples ETF 0.8 41 14 5.4 -9.1
FTHF First Trust Emerging Markets Human Flourishing ETF 0.8 75 -20 8.9 -5.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 11 10.8 -3.8
BOAT SonicShares Global Shipping ETF 0.7 69 -14 27.5 +13.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -10 8.2 -6.3
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -3 10.7 -3.8
BBCA JPMorgan BetaBuilders Canada ETF 0.7 19 36 6.8 -7.8
MOO VanEck Agribusiness ETF 0.6 53 2 10.5 -4.0
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -15 6.0 -8.5
TEMP JPMorgan Climate Change Solutions ETF 0.6 49 6 5.9 -8.7
CGUS Capital Group Core Equity ETF 0.6 33 22 4.6 -10.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.6 25 30 7.8 -6.7
XCEM Columbia EM Core ex-China ETF 0.5 16 39 8.3 -6.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 30 6.4 -8.1
STXE Strive Emerging Markets Ex-China ETF 0.5 32 23 7.9 -6.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 58 -3 9.9 -4.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -25 15.1 +0.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.5 75 -20 10.2 -4.3
SDIV Global X Superdividend ETF 0.5 58 -3 42.2 +27.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 35 5.8 -8.7
NANR SPDR S&P North American Natural Resources ETF 0.5 35 20 8.7 -5.8
FLAU Franklin FTSE Australia ETF 0.5 9 46 6.3 -8.2
FBZ First Trust Brazil AlphaDEX Fund 0.5 80 -25 12.5 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -34 4.5 -10.1
STCE Schwab Crypto Thematic ETF 0.4 30 25 1.4 -13.1
ISRA VanEck Israel ETF 0.4 59 -4 7.4 -7.1
EWA iShares MSCI Australia ETF 0.4 50 5 6.0 -8.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -33 9.7 -4.8
PEX ProShares Global Listed Private Equity ETF 0.4 81 -26 10.6 -3.9
PSP Invesco Global Listed Private Equity ETF 0.4 106 -51 5.8 -8.7
THD iShares MSCI Thailand ETF 0.4 58 -3 0.0 -14.5
BJK VanEck Gaming ETF 0.4 65 -10 4.3 -10.2
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -4 10.9 -3.6
ITEQ BlueStar Israel Technology ETF 0.3 75 -20 2.0 -12.5
IXP iShares Global Comm Services ETF 0.3 42 13 6.3 -8.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -13 0.3 -14.2
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 23 6.1 -8.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.3 70 -15 15.3 +0.8
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.3 39 16 -1.0 -15.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.3 86 -31 0.3 -14.2
TMAT Main Thematic Innovation ETF 0.3 164 -109 -1.5 -16.1
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -13 4.2 -10.4
FINX Global X FinTech ETF 0.3 68 -13 2.5 -12.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.3 59 -4 11.5 -3.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.3 75 -20 4.4 -10.1
TRFM AAM Transformers ETF 0.3 49 6 1.7 -12.8
LIVR Intelligent Livermore ETF 0.3 69 -14 6.5 -8.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -3 8.7 -5.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 36 6.2 -8.3
FLLA Franklin FTSE Latin America ETF 0.3 19 36 13.2 -1.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -4 5.8 -8.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 40 8.5 -6.1
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -15 8.4 -6.1
EPOL iShares MSCI Poland ETF 0.3 59 -4 11.4 -3.2
EDIV SPDR S&P Emerging Markets Dividend ETF 0.3 49 6 11.8 -2.7
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -20 6.8 -7.7
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 8 5.5 -9.0
IXJ iShares Global Healthcare ETF 0.2 42 13 7.2 -7.3
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -5 4.5 -10.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -14 2.5 -12.1
EFNL iShares MSCI Finland ETF 0.2 56 -1 7.2 -7.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 40 7.5 -7.0
FLBR Franklin FTSE Brazil ETF 0.2 19 36 15.3 +0.8
FLN First Trust Latin America AlphaDEX Fund 0.2 80 -25 10.1 -4.5
EWZ iShares MSCI Brazil ETF 0.2 58 -3 13.3 -1.3
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -3 12.6 -1.9
IWO iShares Russell 2000 Growth ETF 0.2 24 31 1.4 -13.1
INQQ India Internet & Ecommerce ETF 0.2 86 -31 1.0 -13.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -15 4.9 -9.6
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 40 1.5 -13.1
IWM iShares Russell 2000 ETF 0.2 19 36 4.7 -9.8
VTWO Vanguard Russell 2000 ETF 0.2 10 45 4.7 -9.8
IWN iShares Russell 2000 Value ETF 0.2 24 31 8.1 -6.4
RSSL Global X Russell 2000 ETF 0.2 8 47 4.7 -9.8
VTWV Vanguard Russell 2000 Value ETF 0.2 15 40 8.1 -6.4
PAWZ ProShares Pet Care ETF 0.2 50 5 3.7 -10.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 16 -1.2 -15.7
AFK VanEck Africa Index ETF 0.1 98 -43 12.3 -2.2
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.1 55 0 10.6 -3.9
FCG First Trust Natural Gas ETF 0.1 60 -5 19.4 +4.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 45 8.4 -6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 35 6.1 -8.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.1 48 7 8.0 -6.6
FLMX Franklin FTSE Mexico ETF 0.1 19 36 9.5 -5.0
EWW iShares MSCI Mexico ETF 0.1 50 5 9.3 -5.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 40 6.5 -8.0
NVIR Horizon Kinetics Energy and Remediation ETF 0.1 85 -30 6.7 -7.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.1 45 10 7.8 -6.8
EIS iShares MSCI Israel ETF 0.1 58 -3 8.2 -6.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 43 8.3 -6.2
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -10 4.5 -10.1
WUGI AXS Esoterica NextG Economy ETF 0.0 75 -20 2.6 -12.0
VRAI Virtus Real Asset Income ETF 0.0 55 0 10.4 -4.1
GXG Global X MSCI Colombia ETF 0.0 62 -7 17.1 +2.5
DEEP Roundhill Acquirers Deep Value ETF 0.0 80 -25 18.6 +4.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 16 6.7 -7.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 34 4.0 -10.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 46 4.9 -9.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 16 7.1 -7.5
IWV iShares Russell 3000 ETF 0.0 20 35 5.0 -9.6
VTHR Vanguard Russell 3000 ETF 0.0 10 45 5.1 -9.4

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:		 Invesco International BuyBack Achievers 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 16.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 14.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.61
 
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.