Invesco International BuyBack Achievers ETF
ALTAR
Score™		 7.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x 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) $428
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 139
Wgt avg mkt cap (mns) $64,343
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
HSBC HOLDINGS PLC 5.3 %
DBS GROUP HOLDINGS LTD 5.3 %
UNICREDIT S.P.A. 5.1 %
SHELL PLC 4.7 %
BP PLC 3.9 %
BARCLAYS PLC 3.1 %
LLOYDS BANKING GROUP PLC 2.9 %
KUAISHOU TECHNOLOGY CLASS B 2.8 %
NASPERS LTD 2.8 %
NATIONAL GRID PLC 2.8 %
Total 38.6 %

TOP COUNTRY EXPOSURE
BRITAIN 29.4 %
JAPAN 17.9 %
CHINA 7.4 %
CANADA 7.1 %
IRELAND 6.9 %
NETHERLANDS 5.3 %
SINGAPORE 5.3 %
GERMANY 5.1 %
ITALY 5.1 %
SOUTH KOREA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 44.6% 13.3% 12.6% 10.5%

Market Correlations
versus... Beta R-squared
S&P500 0.71 60%
MSCI EAFE 0.98 85%
MSCI Emg. Mkts. 0.81 68%

Technical Indicators
Recent close $59.23
30d moving avg. $57.08
Annualized volatility 13.9%
Short interest (ETF) 0.6%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 72
Turnover 1.0%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $3,321

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 470 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™: 7.6%


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 26.9 50 5 6.6 -1.0
EUFN iShares MSCI Europe Financials ETF 22.9 51 4 6.9 -0.7
FLGB Franklin FTSE United Kingdom ETF 20.2 9 46 6.4 -1.2
INEQ Columbia International Equity Income ETF 19.5 45 10 6.9 -0.7
IVLU iShares MSCI Intl Value Factor ETF 14.4 30 25 8.0 +0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 14.3 58 -3 6.9 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 14.0 83 -28 7.6 -0.0
FDD First Trust Stoxx European Select Dividend Index Fund 13.5 58 -3 9.4 +1.8
EFV iShares MSCI EAFE Value ETF 13.2 34 21 7.2 -0.4
FKU First Trust United Kingdom AlphaDEX Fund 12.9 80 -25 6.2 -1.4
IDMO Invesco S&P International Developed Momentum ETF 12.6 25 30 5.0 -2.6
FYLD Cambria Foreign Shareholder Yield ETF 12.1 59 -4 9.3 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 12.0 9 46 7.7 +0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.8 65 -10 9.1 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.4 45 10 6.9 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 11.3 25 30 7.5 -0.1
DTAN Sparkline International Intangible Value ETF 11.1 55 0 7.1 -0.5
DTH WisdomTree International High Dividend Fund 11.0 58 -3 6.9 -0.7
UIVM VictoryShares International Value Momentum ETF 10.8 35 20 6.9 -0.7
IMTM iShares MSCI Intl Momentum Factor ETF 10.8 30 25 4.5 -3.1
IEV iShares Europe ETF 10.8 67 -12 5.6 -2.0
DFIV Dimensional International Value ETF 10.0 27 28 7.5 -0.1
IDV iShares International Select Dividend ETF 9.9 51 4 8.8 +1.2
IEUR iShares Core MSCI Europe ETF 9.9 11 44 6.1 -1.5
VGK Vanguard FTSE Europe ETF 9.7 6 49 6.2 -1.4
INTF iShares International Equity Factor ETF 9.3 15 40 6.2 -1.4
PPIE Putnam PanAgora ESG International Equity ETF 9.2 49 6 6.6 -1.0
VYMI Vanguard International High Dividend Yield ETF 9.2 17 38 7.6 0.0
IXC iShares Global Energy ETF 9.2 44 11 8.1 +0.5
CLNR IQ Cleaner Transport ETF 8.9 45 10 4.9 -2.7
SPEU SPDR Portfolio Europe ETF 8.6 7 48 6.2 -1.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8.6 25 30 6.2 -1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.5 58 -3 5.6 -2.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.5 35 20 5.5 -2.2
JIRE JPMorgan International Research Enhanced Equity ETF 8.5 24 31 6.0 -1.6
QINT American Century Quality Diversified International ETF 8.4 39 16 5.9 -1.7
STXI Strive International Developed Markets ETF 8.2 29 26 5.5 -2.2
EFA iShares MSCI EAFE ETF 8.1 35 20 5.5 -2.1
FLEE Franklin FTSE Europe ETF 8.0 9 46 6.1 -1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.0 46 9 5.8 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 8.0 9 46 6.1 -1.6
JHMD John Hancock Multifactor Developed International ETF 7.8 39 16 6.1 -1.5
ESGD iShares ESG Aware MSCI EAFE ETF 7.8 20 35 5.5 -2.1
IQDG WisdomTree International Quality Dividend Growth Fund 7.7 42 13 5.8 -1.8
FDEV Fidelity International Multifactor ETF 7.7 18 37 6.3 -1.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.7 58 -3 5.9 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.5 25 30 6.0 -1.6
JPIN J.P. Morgan Diversified Return International Equity ETF 7.5 37 18 6.7 -0.9
IEFA iShares Core MSCI EAFE ETF 7.5 7 48 5.8 -1.8
DOL WisdomTree International LargeCap Dividend Fund 7.5 48 7 5.7 -1.9
DFAI Dimensional International Core Equity Market ETF 7.2 18 37 5.8 -1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.1 30 25 5.7 -1.9
IXG iShares Global Financials ETF 7.1 42 13 6.0 -1.6
FIVA Fidelity International Value Factor ETF 7.1 18 37 7.6 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 7.1 4 51 5.8 -1.8
LVHI Franklin International Low Volatility High Dividend Index ET 7.0 40 15 8.6 +1.0
ITOL Tema International Durable Quality ETF 7.0 60 -5 4.8 -2.8
DIVI Franklin International Core Dividend Tilt Index ETF 6.9 9 46 6.5 -1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.9 39 16 5.4 -2.2
KTEC KraneShares Hang Seng TECH Index ETF 6.8 69 -14 18.8 +11.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 6.8 20 35 5.2 -2.4
EIRL iShares MSCI Ireland ETF 6.8 50 5 7.2 -0.4
SCHF Schwab International Equity ETF 6.8 6 49 5.9 -1.7
FEP First Trust Europe AlphaDEX Fund 6.7 80 -25 6.6 -1.0
GCOW Pacer Global Cash Cows Dividend ETF 6.7 60 -5 8.8 +1.2
FJP First Trust Japan AlphaDEX Fund 6.6 80 -25 6.2 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 6.6 3 52 5.7 -1.9
VEA Vanguard FTSE Developed Markets ETF 6.6 3 52 5.8 -1.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.6 45 10 1.6 -6.0
FDNI First Trust Dow Jones International Internet ETF 6.5 65 -10 22.2 +14.6
HFXI IQ FTSE International Equity Currency Neutral ETF 6.5 20 35 5.7 -1.9
DWM WisdomTree International Equity Fund 6.4 48 7 6.0 -1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.4 36 19 5.7 -1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.4 40 15 6.2 -1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.3 80 -25 3.3 -4.3
DIM WisdomTree International MidCap Dividend Fund 6.3 58 -3 6.0 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 6.3 20 35 5.6 -2.0
GNR SPDR S&P Global Natural Resources ETF 6.2 40 15 8.2 +0.6
CGIE Capital Group International Equity ETF 6.2 54 1 4.2 -3.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.0 80 -25 6.6 -1.0
CWI SPDR MSCI ACWI ex-US ETF 5.9 30 25 6.2 -1.4
FEZ SPDR EURO STOXX 50 ETF 5.9 29 26 5.5 -2.1
FENI Fidelity Enhanced International ETF 5.9 28 27 5.3 -2.3
BKIE BNY Mellon International Equity ETF 5.9 4 51 5.8 -1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.9 39 16 6.4 -1.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 5.8 20 35 5.4 -2.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.6 22 33 5.2 -2.4
DXIV Dimensional International Vector Equity ETF 5.6 34 21 6.2 -1.4
EZU iShares MSCI Eurozone ETF 5.6 52 3 5.6 -2.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.4 46 9 7.6 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 5.4 34 21 6.2 -1.4
KWEB KraneShares CSI China Internet ETF 5.3 69 -14 24.7 +17.1
TCHI iShares MSCI China Multisector Tech ETF 5.3 59 -4 15.7 +8.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 5.3 24 31 5.9 -1.7
EWN iShares MSCI Netherlands ETF 5.3 50 5 4.6 -3.0
ASEA Global X FTSE Southeast Asia ETF 5.3 65 -10 5.1 -2.5
EWS iShares MSCI Singapore ETF 5.3 50 5 4.1 -3.5
FIDI Fidelity International High Dividend ETF 5.2 18 37 6.9 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 4 51 6.5 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 5.2 29 26 6.4 -1.2
IXUS iShares Core MSCI Total International Stock ETF 5.1 7 48 6.4 -1.2
EWI iShares MSCI Italy ETF 5.1 50 5 8.5 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 5.1 24 31 5.3 -2.3
FGM First Trust Germany AlphaDEX Fund 5.1 80 -25 5.5 -2.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 5.1 45 10 6.0 -1.6
DEW WisdomTree Global High Dividend Fund 5.1 58 -3 7.0 -0.6
VXUS Vanguard Total International Stock ETF 5.0 5 50 6.5 -1.1
AVIV Avantis International Large Cap Value ETF 5.0 25 30 7.0 -0.6
FDFF Fidelity Disruptive Finance ETF 4.9 50 5 4.6 -3.0
CIL VictoryShares International Volatility Wtd ETF 4.9 45 10 5.6 -2.0
CGRO CoreValues Alpha Greater China Growth ETF 4.9 75 -20 3.2 -4.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.9 60 -5 9.3 +1.7
SCJ iShares MSCI Japan Small-Cap ETF 4.9 50 5 5.3 -2.3
DFIC Dimensional International Core Equity 2 ETF 4.8 23 32 6.0 -1.6
IQSI IQ Candriam International Equity ETF 4.8 15 40 5.3 -2.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.8 25 30 5.1 -2.5
IQLT iShares MSCI Intl Quality Factor ETF 4.7 30 25 5.2 -2.4
VIDI Vident International Equity Strategy ETF 4.7 61 -6 8.6 +1.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.7 19 36 4.7 -2.9
JHID John Hancock International High Dividend ETF 4.7 46 9 7.8 +0.2
MCH Matthews China Active ETF 4.7 79 -24 13.0 +5.4
AVSD Avantis Responsible International Equity ETF 4.7 23 32 4.4 -3.2
FXI iShares China Large-Cap ETF 4.7 74 -19 16.4 +8.8
AIVI WisdomTree International AI Enhanced Value Fund 4.6 58 -3 5.6 -2.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.6 12 43 5.0 -2.6
EPP iShares MSCI Pacific ex-Japan ETF 4.6 47 8 4.6 -3.0
IMOM Alpha Architect International Quantitative Momentum ETF 4.6 49 6 3.6 -4.0
GVAL Cambria Global Value ETF 4.6 68 -13 8.6 +1.0
EWJV iShares MSCI Japan Value ETF 4.5 15 40 6.5 -1.1
TPIF Timothy Plan International ETF 4.5 62 -7 5.1 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.4 41 14 6.2 -1.4
IDOG ALPS International Sector Dividend Dogs ETF 4.4 50 5 9.9 +2.3
AVDS Avantis International Small Cap Equity ETF 4.4 30 25 5.6 -2.0
FEUZ First Trust Eurozone AlphaDEX ETF 4.4 80 -25 6.2 -1.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.3 86 -31 13.2 +5.6
HEDJ WisdomTree Europe Hedged Equity Fund 4.2 58 -3 5.6 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.2 18 37 6.2 -1.4
DVYA iShares Asia/Pacific Dividend ETF 4.2 49 6 6.2 -1.4
FLGR Franklin FTSE Germany ETF 4.2 9 46 6.4 -1.2
RCGE RockCreek Global Equality ETF 4.1 95 -40 5.9 -1.7
DFIS Dimensional International Small Cap ETF 4.1 39 16 5.9 -1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.1 65 -10 7.2 -0.4
AVDE Avantis International Equity ETF 4.1 23 32 6.0 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.1 80 -25 5.1 -2.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.0 72 -17 -1.3 -8.9
OCEN IQ Clean Oceans ETF 4.0 45 10 5.1 -2.5
EWG iShares MSCI Germany ETF 4.0 50 5 5.8 -1.8
CHIQ Global X MSCI China Consumer Discretionary ETF 4.0 65 -10 11.6 +4.0
AVDV Avantis International Small Cap Value ETF 4.0 36 19 7.0 -0.6
VSGX Vanguard ESG International Stock ETF 3.9 10 45 6.4 -1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.9 32 23 5.2 -2.4
JXI iShares Global Utilities ETF 3.9 43 12 4.9 -2.7
NUDM Nuveen ESG International Developed Markets Equity ETF 3.9 31 24 5.5 -2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.9 46 9 4.9 -2.7
DXJ WisdomTree Japan Hedged Equity Fund 3.9 48 7 5.3 -2.3
DAX Global X DAX Germany ETF 3.8 21 34 6.2 -1.4
GLOF iShares Global Equity Factor ETF 3.8 20 35 5.9 -1.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.8 48 7 4.6 -3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.8 30 25 6.2 -1.4
DISV Dimensional International Small Cap Value ETF 3.7 42 13 7.3 -0.3
IPAC iShares Core MSCI Pacific ETF 3.7 9 46 5.2 -2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.6 49 6 5.7 -1.9
FNDC Schwab Fundamental International Small Co. Index ETF 3.6 39 16 4.9 -2.7
FLJP Franklin FTSE Japan ETF 3.6 9 46 5.0 -2.7
VWID Virtus WMC International Dividend ETF 3.6 49 6 6.9 -0.7
FLJH Franklin FTSE Japan Hedged ETF 3.6 9 46 5.1 -2.5
OAIM OneAscent International Equity ETF 3.5 95 -40 4.3 -3.3
DGT State Street SPDR Global Dow ETF 3.5 50 5 5.7 -1.9
JPXN iShares JPX-Nikkei 400 ETF 3.5 48 7 5.1 -2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 3.5 12 43 4.8 -2.8
AIA iShares Asia 50 ETF 3.4 50 5 9.8 +2.2
EWJ iShares MSCI Japan ETF 3.3 50 5 4.7 -2.9
SCZ iShares MSCI EAFE Small-Cap ETF 3.3 40 15 5.9 -1.7
ISCF iShares International SmallCap Equity Factor ETF 3.3 23 32 7.0 -0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.3 14 41 5.3 -2.3
SCHC Schwab International Small-Cap Equity ETF 3.2 11 44 6.4 -1.2
BBJP JPMorgan BetaBuilders Japan ETF 3.2 19 36 5.2 -2.4
VPL Vanguard FTSE Pacific ETF 3.1 7 48 5.2 -2.4
DWMF WisdomTree International Multifactor Fund 3.1 38 17 6.1 -1.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.1 47 8 4.6 -3.0
IQDF FlexShares International Quality Dividend Index Fund 3.1 47 8 7.2 -0.4
EFAS Global X MSCI SuperDividend EAFE ETF 3.0 57 -2 7.2 -0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.0 78 -23 8.4 +0.8
ICPY Tweedy, Browne International Insider Value ETF 2.9 80 -25 9.4 +1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.9 8 47 6.2 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 2.8 25 30 5.9 -1.8
BNGE First Trust S-Network Streaming and Gaming ETF 2.8 70 -15 2.9 -4.7
CQQQ Invesco China Technology ETF 2.8 70 -15 13.4 +5.8
SOCL Global X Social Media ETF 2.8 65 -10 10.6 +3.0
IVRS iShares Future Metaverse Tech and Communications ETF 2.8 47 8 3.8 -3.8
DRGN Themes China Generative Artificial Intelligence ETF 2.8 39 16 8.9 +1.3
RXI iShares Global Consumer Discretionary ETF 2.8 41 14 7.4 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.8 36 19 6.4 -1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.8 58 -3 3.4 -4.2
EWC iShares MSCI Canada ETF 2.7 50 5 5.2 -2.4
MOTO SmartETFs Smart Transportation & Technology ETF 2.7 68 -13 5.2 -2.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.7 32 23 11.8 +4.2
IEUS iShares MSCI Europe Small-Cap ETF 2.7 42 13 6.4 -1.2
GEW Cambria Global EW ETF 2.7 29 26 5.3 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 2.7 30 25 5.0 -2.6
DSTX Distillate International Fundamental Stability & Value ETF 2.7 55 0 6.4 -1.2
ISHP First Trust Nasdaq Retail ETF 2.7 60 -5 5.9 -1.8
FEOE First Eagle Overseas Equity ETF 2.6 79 -24 5.6 -2.0
IOO iShares Global 100 ETF 2.6 41 14 4.0 -3.6
CGXU Capital Group International Focus Equity ETF 2.6 54 1 4.5 -3.1
DFNL Davis Select Financial ETF 2.6 63 -8 6.7 -0.9
KOCG FIS Knights of Columbus Global Belief ETF 2.5 75 -20 4.4 -3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 2.5 34 21 4.6 -3.0
DLS WisdomTree International SmallCap Dividend Fund 2.5 58 -3 6.8 -0.8
EFG iShares MSCI EAFE Growth ETF 2.5 36 19 3.6 -4.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 3 8.9 +1.3
GII SPDR S&P Global Infrastructure ETF 2.4 40 15 4.1 -3.5
MCHI iShares MSCI China ETF 2.4 59 -4 16.0 +8.4
CGDG Capital Group Dividend Growers ETF 2.4 47 8 5.2 -2.4
FLCH Franklin FTSE China ETF 2.4 19 36 14.7 +7.1
IGF iShares Global Infrastructure ETF 2.4 41 14 4.1 -3.5
COPY Tweedy, Browne Insider + Value ETF 2.4 80 -25 9.7 +2.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.3 80 -25 8.3 +0.7
GWX SPDR S&P International Small Cap ETF 2.3 40 15 5.5 -2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.3 56 -1 9.2 +1.6
GXC SPDR S & P China ETF 2.3 59 -4 14.7 +7.1
DINT Davis Select International ETF 2.3 55 0 6.9 -0.7
CRAK VanEck Oil Refiners ETF 2.2 61 -6 9.8 +2.2
URTH iShares MSCI World ETF 2.2 24 31 4.4 -3.2
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 45 5.0 -2.6
WLDR Affinity World Leaders Equity ETF 2.1 67 -12 6.1 -1.5
SCHY Schwab International Dividend Equity ETF 2.1 14 41 8.1 +0.5
IQRA IQ CBRE Real Assets ETF 2.1 65 -10 5.0 -2.6
MOTI VanEck Morningstar International Moat ETF 2.1 58 -3 9.4 +1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 2.1 42 13 4.7 -3.0
KNO AXS Knowledge Leaders ETF 2.1 78 -23 4.7 -2.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.1 70 -15 3.3 -4.3
TOK iShares MSCI Kokusai ETF 2.1 26 29 4.4 -3.2
ACWI iShares MSCI ACWI ETF 2.0 32 23 4.7 -2.9
POW VistaShares Electrification Supercycle ETF 2.0 75 -20 2.4 -5.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 8 6.6 -1.0
AKAF The Frontier Economic Fund 1.9 20 35 5.4 -2.2
PATN Pacer Nasdaq International Patent Leaders ETF 1.9 65 -10 4.2 -3.4
DRIV Global X Autonomous & Electric Vehicles ETF 1.9 68 -13 4.1 -3.5
VT Vanguard Total World Stock ETF 1.9 6 49 5.1 -2.5
FLCA Franklin FTSE Canada ETF 1.9 9 46 5.6 -2.0
FEGE First Eagle Global Equity ETF 1.9 79 -24 5.4 -2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 46 4.9 -2.8
ANEW ProShares MSCI Transformational Changes ETF 1.8 45 10 4.9 -2.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.8 19 36 7.1 -0.5
BBCA JPMorgan BetaBuilders Canada ETF 1.8 19 36 5.5 -2.1
AVES Avantis Emerging Markets Value ETF 1.8 36 19 8.9 +1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 -15 6.9 -0.7
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -20 6.7 -0.9
DFJ WisdomTree Japan SmallCap Dividend Fund 1.7 58 -3 5.7 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.7 70 -15 10.7 +3.1
KOKU Xtrackers MSCI Kokusai Equity ETF 1.6 9 46 4.6 -3.0
DEHP Dimensional Emerging Markets High Profitability ETF 1.6 41 14 5.0 -2.6
IDRV iShares Self-driving EV & Tech ETF 1.6 47 8 3.1 -4.5
SHPP Pacer Industrials and Logistics ETF 1.6 60 -5 7.1 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 38 11.0 +3.4
RGEF Rockefeller Global Equity ETF 1.6 55 0 4.0 -3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.6 47 8 5.2 -2.4
JSTC Adasina Social Justice All Cap Global ETF 1.5 89 -34 4.3 -3.3
JIG JPMorgan International Growth ETF 1.5 55 0 3.9 -3.7
ERTH Invesco MSCI Sustainable Future ETF 1.5 62 -7 3.0 -4.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.5 39 16 -1.3 -8.9
KGRN KraneShares MSCI China Clean Technology Index ETF 1.5 79 -24 0.3 -7.3
BOTT Themes Robotics & Automation ETF 1.5 35 20 -1.2 -8.8
JGLO JPMorgan Global Select Equity ETF 1.5 33 22 4.4 -3.2
BLOK Amplify Transformational Data Sharing ETF 1.5 75 -20 0.5 -7.1
IGRO iShares International Dividend Growth ETF 1.5 15 40 6.0 -1.6
ETEC iShares Breakthrough Environmental Solutions ETF 1.5 47 8 2.8 -4.8
BKF iShares MSCI BIC ETF 1.4 69 -14 11.9 +4.3
BINV Brandes International ETF 1.4 70 -15 7.7 +0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 1.4 55 0 5.3 -2.3
TMFG Motley Fool Global Opportunities ETF 1.4 85 -30 3.8 -3.8
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 39 6.8 -0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 35 4.8 -2.8
EV Mast Global Battery Recycling & Production ETF 1.4 65 -10 7.2 -0.4
IXP iShares Global Comm Services ETF 1.4 42 13 5.3 -2.3
MINV Matthews Asia Innovators Active ETF 1.3 79 -24 5.4 -2.3
EWUS iShares MSCI United Kingdom Small Cap ETF 1.3 59 -4 6.8 -0.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.3 65 -10 3.9 -3.7
TTAI FCF International Quality ETF 1.3 59 -4 6.6 -1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 5 5.3 -2.3
JETS U.S. Global Jets ETF 1.2 60 -5 2.1 -5.5
AIRL Themes Airlines ETF 1.2 35 20 2.0 -5.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.2 58 -3 5.2 -2.4
BITQ Bitwise Crypto Industry Innovators ETF 1.2 85 -30 -2.2 -9.8
IDHQ Invesco S&P International Developed High Quality ETF 1.2 29 26 5.2 -2.5
DWX SPDR S&P International Dividend ETF 1.2 45 10 6.3 -1.4
ECON Columbia Emerging Markets Consumer ETF 1.2 49 6 9.3 +1.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 -20 2.3 -5.3
CGV Conductor Global Equity Value ETF 1.1 130 -75 6.4 -1.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 30 10.1 +2.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 6 7.9 +0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.1 35 20 11.0 +3.4
WWJD Inspire International ETF 1.1 80 -25 6.1 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 14 6.8 -0.8
DIHP Dimensional International High Profitability ETF 1.0 29 26 5.6 -2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 23 6.7 -0.9
GINN Goldman Sachs Innovate Equity ETF 1.0 52 3 3.4 -4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 40 6.3 -1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 6 4.7 -2.9
VIGI Vanguard International Dividend Appreciation ETF 1.0 10 45 5.6 -2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 26 6.8 -0.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.9 33 22 6.6 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.9 49 6 7.5 -0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.9 25 30 5.3 -2.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 44 7.5 -0.1
ABLD Abacus FCF Real Assets Leaders ETF 0.9 69 -14 5.8 -1.8
FICS First Trust International Developed Capital Strength ETF 0.9 70 -15 6.3 -1.3
EIPI FT Energy Income Partners Enhanced Income ETF 0.9 110 -55 5.9 -1.7
EIPX FT Energy Income Partners Strategy ETF 0.9 95 -40 6.5 -1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -25 7.3 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 19 7.6 -0.1
IVAL Alpha Architect International Quantitative Value ETF 0.9 49 6 8.1 +0.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -33 6.9 -0.7
FLKR Franklin FTSE South Korea ETF 0.9 9 46 4.8 -2.8
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 40 6.1 -1.5
FCA First Trust China AlphaDEX Fund 0.9 80 -25 7.8 +0.2
AVEM Avantis Emerging Markets Equity ETF 0.9 33 22 6.8 -0.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 6 8.2 +0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 17 7.1 -0.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 16 6.8 -0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 40 8.1 +0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -11 7.3 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 -4 7.0 -0.6
OGIG ALPS O'Shares Global Internet Giants ETF 0.8 48 7 2.4 -5.2
ARKF ARK Fintech Innovation ETF 0.8 75 -20 0.3 -7.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.8 60 -5 3.2 -4.4
VWO Vanguard FTSE Emerging Markets ETF 0.8 7 48 8.8 +1.2
FINX Global X FinTech ETF 0.8 68 -13 3.6 -4.0
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.8 75 -20 6.0 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.8 30 25 7.7 +0.1
SCHE Schwab Emerging Markets Equity ETF 0.8 11 44 9.2 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 10 8.0 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 25 7.2 -0.4
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 30 8.1 +0.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -3 7.0 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 46 8.1 +0.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 13 8.2 +0.6
EEM iShares MSCI Emerging Markets ETF 0.7 69 -14 7.6 +0.0
EXI iShares Global Industrials ETF 0.7 42 13 3.5 -4.1
MJSC MUFG Japan Small Cap Active ETF 0.7 85 -30 4.5 -3.1
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 48 9.0 +1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 13 5.6 -2.0
EWK iShares MSCI Belgium ETF 0.7 50 5 3.6 -4.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -25 9.6 +2.0
IBUY Amplify Online Retail ETF 0.7 65 -10 1.7 -5.9
SIL Global X Silver Miners ETF 0.7 65 -10 1.3 -6.3
EDEN iShares MSCI Denmark ETF 0.6 53 2 5.8 -1.9
CZAR Themes Natural Monopoly ETF 0.6 35 20 5.0 -2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 43 4.4 -3.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -35 4.1 -3.5
NXTG First Trust Indxx NextG ETF 0.6 70 -15 4.1 -3.5
FPXI First Trust International Equity Opportunities ETF 0.6 70 -15 3.3 -4.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -15 6.4 -1.2
NANR SPDR S&P North American Natural Resources ETF 0.6 35 20 6.2 -1.4
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 20 7.0 -0.6
FID First Trust S&P International Dividend Aristocrats ETF 0.6 60 -5 6.8 -0.8
WDIV SPDR S&P Global Dividend ETF 0.6 40 15 7.8 +0.2
BLES Inspire Global Hope ETF 0.5 61 -6 5.9 -1.8
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 30 8.9 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 5 8.5 +0.9
EWY iShares MSCI South Korea ETF 0.5 58 -3 4.0 -3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -40 9.6 +2.0
BOAT SonicShares Global Shipping ETF 0.5 69 -14 22.7 +15.1
SUPL ProShares Supply Chain Logistics ETF 0.5 58 -3 8.8 +1.2
BPAY BlackRock Future Financial and Technology ETF 0.5 70 -15 6.9 -0.7
CRTC Xtrackers US National Critical Technologies ETF 0.5 35 20 4.3 -3.3
DFEV Dimensional Emerging Markets Value ETF 0.4 43 12 9.7 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 35 5.2 -2.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -15 3.2 -4.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.4 33 22 6.3 -1.3
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -4 8.7 +1.1
EWA iShares MSCI Australia ETF 0.4 50 5 5.0 -2.6
KXI iShares Global Consumer Staples ETF 0.4 41 14 4.7 -2.9
XT iShares Exponential Technologies ETF 0.4 46 9 4.3 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 10 9.1 +1.5
FLAU Franklin FTSE Australia ETF 0.3 9 46 5.5 -2.1
SMOG VanEck Low Carbon Energy ETF 0.3 61 -6 1.4 -6.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 45 6.0 -1.7
PSP Invesco Global Listed Private Equity ETF 0.3 106 -51 6.1 -1.6
KNCT Invesco Next Gen Connectivity ETF 0.3 40 15 3.8 -3.8
ISRA VanEck Israel ETF 0.3 59 -4 5.6 -2.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 2 5.6 -2.0
EWZ iShares MSCI Brazil ETF 0.3 58 -3 10.2 +2.6
FLN First Trust Latin America AlphaDEX Fund 0.3 80 -25 9.0 +1.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.3 35 20 6.5 -1.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.3 86 -31 0.5 -7.2
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.3 39 16 -0.9 -8.5
FDLS Inspire Fidelis Multi Factor ETF 0.3 76 -21 4.0 -3.6
GPT Intelligent Alpha Atlas ETF 0.3 69 -14 4.8 -2.8
PEX ProShares Global Listed Private Equity ETF 0.3 81 -26 11.4 +3.8
AAUM Tema Alternative Asset Managers ETF 0.3 99 -44 3.5 -4.1
GPZ VanEck Alternative Asset Manager ETF 0.3 40 15 4.8 -2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 6 12.9 +5.3
SLX VanEck Steel ETF 0.3 56 -1 10.7 +3.1
IWO iShares Russell 2000 Growth ETF 0.3 24 31 0.7 -6.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 23 4.9 -2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 16 8.1 +0.5
PRNT 3D Printing ETF 0.3 66 -11 1.7 -5.9
VTWG Vanguard Russell 2000 Growth ETF 0.3 10 45 0.8 -6.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 43 7.5 -0.1
ITEQ BlueStar Israel Technology ETF 0.2 75 -20 1.4 -6.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 -3 8.0 +0.4
EWP iShares MSCI Spain ETF 0.2 50 5 5.8 -1.8
DVYE iShares Emerging Markets Dividend ETF 0.2 49 6 15.6 +8.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 16 13.7 +6.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -24 6.8 -0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 0 5.4 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -10 3.7 -3.9
BATT Amplify Lithium & Battery Technology ETF 0.2 59 -4 1.6 -6.0
CTEC Global X CleanTech ETF 0.2 50 5 0.7 -7.0
EWW iShares MSCI Mexico ETF 0.2 50 5 7.3 -0.3
FLLA Franklin FTSE Latin America ETF 0.2 19 36 10.2 +2.6
FLMX Franklin FTSE Mexico ETF 0.2 19 36 7.9 +0.3
GMET VanEck Green Metals ETF 0.2 63 -8 5.1 -2.6
HYDR Global X Hydrogen ETF 0.2 50 5 -7.5 -15.1
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -4 6.2 -1.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.2 79 -24 4.2 -3.4
EMM Global X Emerging Markets ex-China ETF 0.2 75 -20 5.1 -2.5
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 23 5.4 -2.3
JADE JPMorgan Active Developing Markets Equity ETF 0.2 65 -10 6.1 -1.5
MXI iShares Global Materials ETF 0.2 41 14 5.7 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 5 6.3 -1.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -10 7.0 -0.6
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 42 5.4 -2.2
AWAY ETFMG Travel Tech ETF 0.1 76 -21 -0.0 -7.6
EVX VanEck Environmental Services ETF 0.1 55 0 2.1 -5.5
RNRG Global X Renewable Energy Producers ETF 0.1 66 -11 4.6 -3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -15 6.1 -1.5
RSSL Global X Russell 2000 ETF 0.1 8 47 3.2 -4.4
IWM iShares Russell 2000 ETF 0.1 19 36 3.2 -4.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 16 4.3 -3.3
VTWO Vanguard Russell 2000 ETF 0.1 7 48 3.3 -4.3
AZTD Aztlan Global Stock Selection DM SMID ETF 0.1 75 -20 5.2 -2.4
XCEM Columbia EM Core ex-China ETF 0.1 16 39 6.0 -1.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 30 5.3 -2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 22 7.6 +0.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -25 12.1 +4.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 40 6.0 -1.7
TRFK Pacer Data and Digital Revolution ETF 0.1 60 -5 2.7 -4.9
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -20 7.5 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 31 5.7 -1.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 40 5.3 -2.3
INQQ India Internet & Ecommerce ETF 0.1 86 -31 1.3 -6.3
EBIZ Global X E-Commerce ETF 0.1 50 5 4.0 -3.6
HERO Global X Video Games & Esports ETF 0.1 50 5 4.7 -2.9
NERD Roundhill Video Games ETF 0.1 50 5 7.1 -0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 35 4.8 -2.8
EIS iShares MSCI Israel ETF 0.1 58 -3 5.9 -1.7
NVIR Horizon Kinetics Energy and Remediation ETF 0.1 85 -30 5.3 -2.3
PAWZ ProShares Pet Care ETF 0.1 50 5 3.6 -4.0
SNSR Global X Internet of Things ETF 0.0 68 -13 4.1 -3.5
IXJ iShares Global Healthcare ETF 0.0 42 13 5.7 -1.9
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 42 2.5 -5.1
VFVA Vanguard U.S. Value Factor ETF 0.0 13 42 9.2 +1.6
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -5 4.9 -2.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.0 68 -13 6.4 -1.2
UFO Procure Space ETF 0.0 75 -20 0.1 -7.5
FESM Fidelity Enhanced Small Cap ETF 0.0 28 27 2.8 -4.8
IXN iShares Global Tech ETF 0.0 41 14 3.0 -4.7
DEEP Roundhill Acquirers Deep Value ETF 0.0 80 -25 17.7 +10.1
COLO Global X MSCI Colombia ETF 0.0 62 -7 16.2 +8.6
VRAI Virtus Real Asset Income ETF 0.0 55 0 8.9 +1.3
IBAT iShares Energy Storage & Materials ETF 0.0 47 8 2.2 -5.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 34 3.3 -4.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 46 4.3 -3.3
IWV iShares Russell 3000 ETF 0.0 20 35 4.2 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 16 2.7 -4.9
VTHR Vanguard Russell 3000 ETF 0.0 7 48 4.3 -3.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 16 5.8 -1.8

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:		 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 10.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.64
 
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.