Renaissance International IPO ETF
ALTAR
Score™		 -168.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 20.9x P/Sales
ratio		 1.0x
P/BV
ratio		 2.8x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Renaissance International IPO ETF tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing.

FUND BASICS
Category International Equities
Fund Sponsor Renaissance Capital
Website www.renaissancecapital.com
Inception date Oct 06, 2014
Assets (mns) $5
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $5,041
Large cap (>$10bn) 32.1%
Mid cap ($2-10bn) 44.2%
Small cap (<$2bn) 9.0%
Developed mkts 72.5%
Emerging mkts 27.5%

TOP TEN HOLDINGS
WISE PLC CLASS A 9.6 %
PORSCHE AG 8.8 %
KUAISHOU TECHNOLOGY CLASS B 7.6 %
SOCIONEXT INC. 4.9 %
PT GOTO GOJEK TOKOPEDIA TBK 3.6 %
INPOST S.A. 3.5 %
DEFINITY FINANCIAL CORP. 2.7 %
ALLFUNDS GROUP PLC 2.6 %
VOLVO CAR AB CLASS B 2.4 %
DARKTRACE PLC 2.0 %
Total 47.7 %

TOP COUNTRY EXPOSURE
BRITAIN 16.0 %
CHINA 10.0 %
JAPAN 4.9 %
INDONESIA 3.6 %
NORWAY 3.2 %
CANADA 2.7 %
SWEDEN 2.4 %
NETHERLANDS 1.8 %
THAILAND 1.5 %
PHILIPPINES 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% -17.4% -8.0% -- -2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.74 23%
MSCI EAFE 1.12 49%
MSCI Emg. Mkts. 1.39 80%

Technical Indicators
Recent close $13.60
30d moving avg. $13.78
Annualized volatility 27.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $401

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 242 potential alternatives to the Renaissance International IPO ETF ETF based on the alternatives' overlap in portfolio holdings with IPOS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPOS Expense: 80 bp ALTAR Score™: -168.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPOS
Ticker Fund
Name		 Overlap1
vs IPOS
(%)		 Expense
ratio
(bp)		 Savings
vs IPOS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IPOS
(%)
FPXE First Trust IPOX Europe Equity Opportunities ETF 10.1 70 10 4.5 +172.5
FPXI First Trust International Equity Opportunities ETF 8.9 70 10 3.6 +171.6
KTEC KraneShares Hang Seng TECH Index ETF 7.5 69 11 -3.9 +164.1
SOCL Global X Social Media ETF 6.3 65 15 -5.7 +162.3
CQQQ Invesco China Technology ETF 5.9 70 10 -5.7 +162.3
IVRS iShares Future Metaverse Tech and Communications ETF 4.6 47 33 -5.3 +162.7
LOUP Innovator Deepwater Frontier Tech ETF 4.4 70 10 2.3 +170.3
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 3.5 75 5 5.2 +173.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.4 72 8 2.2 +170.2
KWEB KraneShares CSI China Internet ETF 3.3 69 11 -0.7 +167.3
TCHI iShares MSCI China Multisector Tech ETF 3.1 59 21 3.1 +171.1
FINX Global X FinTech ETF 3.1 68 12 3.1 +171.1
DSTX Distillate International Fundamental Stability & Value ETF 2.3 55 25 8.0 +176.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.2 32 48 5.7 +173.7
QTUM Defiance Quantum ETF 2.1 40 40 3.9 +171.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.0 60 20 0.9 +168.9
LUX Tema Luxury ETF 2.0 75 5 3.3 +171.3
SPAM Themes Cybersecurity ETF 2.0 35 45 1.9 +169.9
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 2.0 60 20 3.8 +171.8
CIBR First Trust NASDAQ Cybersecurity ETF 2.0 60 20 3.9 +171.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.0 65 15 1.6 +169.6
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 5 6.6 +174.6
BUG Global X Cybersecurity ETF 2.0 51 29 2.4 +170.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -6 1.9 +169.9
IHAK iShares Cybersecurity & Tech ETF 2.0 47 33 3.2 +171.2
SUPL ProShares Supply Chain Logistics ETF 1.9 58 22 13.2 +181.2
CGRO CoreValues Alpha Greater China Growth ETF 1.9 75 5 2.6 +170.6
FXI iShares China Large-Cap ETF 1.9 74 6 9.6 +177.6
MCH Matthews China Active ETF 1.8 79 1 6.1 +174.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.7 69 11 2.3 +170.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.7 47 33 0.6 +168.6
EWN iShares MSCI Netherlands ETF 1.6 50 30 4.7 +172.7
WCBR WisdomTree Cybersecurity Fund 1.6 45 35 1.9 +169.9
FKU First Trust United Kingdom AlphaDEX Fund 1.6 80 0 7.5 +175.5
DTEC ALPS Disruptive Technologies ETF 1.6 50 30 3.2 +171.2
FDNI First Trust Dow Jones International Internet ETF 1.5 65 15 2.7 +170.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.5 70 10 11.4 +179.4
ISHP First Trust Nasdaq Retail ETF 1.5 60 20 3.1 +171.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.4 86 -6 1.9 +169.9
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 33 10.7 +178.7
WNDY Global X Wind Energy ETF 1.3 50 30 5.2 +173.2
FRNW Fidelity Clean Energy ETF 1.3 39 41 3.7 +171.7
ARKX ARK Space Exploration & Innovation ETF 1.3 75 5 1.7 +169.7
VIDI Vident International Equity Strategy ETF 1.3 61 19 11.9 +179.9
ROBO ROBO Global Robotics & Automation Index ETF 1.3 95 -15 2.8 +170.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 33 10.2 +178.2
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.2 75 5 4.9 +172.9
BNE Blue Horizon BNE ETF 1.1 87 -7 5.0 +173.0
INNO Harbor Disruptive Innovation ETF 1.1 75 5 -3.5 +164.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.0 45 35 1.3 +169.3
SDIV Global X Superdividend ETF 1.0 58 22 17.6 +185.6
IWFH iShares Virtual Work and Life Multisector ETF 1.0 47 33 -3.5 +164.5
DIM WisdomTree International MidCap Dividend Fund 1.0 58 22 7.6 +175.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 44 6.8 +174.8
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 32 0.4 +168.4
XT iShares Exponential Technologies ETF 0.9 46 34 3.8 +171.8
PBD Invesco Global Clean Energy ETF 0.9 75 5 -3.8 +164.2
FLCH Franklin FTSE China ETF 0.9 19 61 9.6 +177.6
INTF iShares International Equity Factor ETF 0.9 15 65 7.8 +175.8
MCHI iShares MSCI China ETF 0.9 59 21 9.0 +177.0
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 21 6.2 +174.2
ICLN iShares Global Clean Energy ETF 0.8 41 39 4.3 +172.3
SHPP Pacer Industrials and Logistics ETF 0.8 60 20 8.9 +176.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.8 18 62 7.9 +175.9
EWG iShares MSCI Germany ETF 0.8 50 30 6.5 +174.5
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 57 8.7 +176.7
DAX Global X DAX Germany ETF 0.8 21 59 6.9 +174.9
GXC SPDR S&P China ETF 0.7 59 21 9.1 +177.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 0.7 45 35 6.4 +174.4
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 38 0.0 +168.0
LUXX Roundhill S&P Global Luxury ETF 0.7 45 35 2.7 +170.7
BTEK Future Tech ETF 0.7 88 -8 2.1 +170.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.6 34 46 10.6 +178.6
IBOT Vaneck Robotics ETF 0.6 47 33 3.7 +171.7
ECON Columbia Emerging Markets Consumer ETF 0.6 49 31 4.8 +172.8
GLOF iShares Global Equity Factor ETF 0.6 20 60 7.0 +175.0
AIA iShares Asia 50 ETF 0.6 50 30 6.9 +174.9
KALL KraneShares MSCI All China Index ETF 0.6 49 31 9.4 +177.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 48 6.3 +174.3
ECNS iShares MSCI China Small-Cap ETF 0.6 59 21 14.2 +182.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 40 0.0 +168.0
SCJ iShares MSCI Japan Small-Cap ETF 0.5 50 30 6.3 +174.3
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 35 3.3 +171.3
CN Xtrackers MSCI All China Equity ETF 0.5 50 30 8.7 +176.7
MVPS Amplify Thematic All-Stars ETF 0.5 49 31 1.6 +169.6
GINN Goldman Sachs Innovate Equity ETF 0.5 52 28 2.7 +170.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 0 10.7 +178.7
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 63 7.8 +175.8
BKF iShares MSCI BIC ETF 0.4 69 11 7.1 +175.1
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 31 6.2 +174.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 60 7.5 +175.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 31 6.7 +174.7
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 64 7.5 +175.5
IQDE FlexShares International Quality Dividend Defensive Index ET 0.4 47 33 10.7 +178.7
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 56 6.2 +174.2
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 12 4.1 +172.1
AVIV Avantis International Large Cap Value ETF 0.4 25 55 8.8 +176.8
KROP Global X AgTech & Food Innovation ETF 0.4 50 30 4.7 +172.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 10 10.7 +178.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 55 7.3 +175.3
IXP iShares Global Comm Services ETF 0.4 42 38 5.1 +173.1
FLGB Franklin FTSE United Kingdom ETF 0.3 9 71 8.4 +176.4
DFIS Dimensional International Small Cap ETF 0.3 39 41 6.7 +174.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -8 6.2 +174.2
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 51 5.7 +173.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 61 7.2 +175.2
EUFN iShares MSCI Europe Financials ETF 0.3 51 29 8.1 +176.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 65 7.1 +175.1
IQLT iShares MSCI Intl Quality Factor ETF 0.3 30 50 5.7 +173.7
SPEU SPDR Portfolio Europe ETF 0.3 7 73 6.5 +174.5
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 35 6.8 +174.8
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 8.7 +176.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 31 6.7 +174.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.3 45 35 6.2 +174.2
WPS iShares International Developed Property ETF 0.3 48 32 7.2 +175.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 14 7.2 +175.2
DTH WisdomTree International High Dividend Fund 0.3 58 22 10.1 +178.1
EWU iShares MSCI United Kingdom ETF 0.3 50 30 7.9 +175.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 10 6.3 +174.3
VWO Vanguard FTSE Emerging Markets ETF 0.3 8 72 7.6 +175.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 73 6.5 +174.5
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 7.6 +175.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 50 7.5 +175.5
IQIN IQ 500 International ETF 0.2 25 55 8.7 +176.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 7.7 +175.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 7.5 +175.5
ISZE iShares MSCI Intl Size Factor ETF 0.2 30 50 6.5 +174.5
DIHP Dimensional International High Profitability ETF 0.2 29 51 6.9 +174.9
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 71 6.7 +174.7
IEUR iShares Core MSCI Europe ETF 0.2 11 69 -1.3 +166.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 70 8.1 +176.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 68 8.7 +176.7
EEM iShares MSCI Emerging Markets ETF 0.2 69 11 7.0 +175.0
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 48 6.2 +174.2
VGK Vanguard FTSE Europe ETF 0.2 11 69 6.8 +174.8
SCHC Schwab International Small-Cap Equity ETF 0.2 11 69 6.4 +174.4
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 73 7.5 +175.5
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 55 7.7 +175.7
EFG iShares MSCI EAFE Growth ETF 0.2 36 44 4.1 +172.1
VSGX Vanguard ESG International Stock ETF 0.2 12 68 6.8 +174.8
FLEE Franklin FTSE Europe ETF 0.2 9 71 6.8 +174.8
EZU iShares MSCI Eurozone ETF 0.2 52 28 6.1 +174.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 55 7.4 +175.4
IBLC iShares Blockchain and Tech ETF 0.2 47 33 -0.9 +167.1
DFIC Dimensional International Core Equity 2 ETF 0.2 23 57 7.4 +175.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 51 6.2 +174.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 34 6.3 +174.3
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 71 7.5 +175.5
TPIF Timothy Plan International ETF 0.2 62 18 6.7 +174.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 76 6.7 +174.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 73 2.7 +170.7
WRND IQ Global Equity R&D Leaders ETF 0.2 18 62 7.1 +175.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 40 7.8 +175.8
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 20 1.2 +169.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 51 8.7 +176.7
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 73 6.9 +174.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 60 6.6 +174.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 31 6.4 +174.4
DWM WisdomTree International Equity Fund 0.2 48 32 7.8 +175.8
VXUS Vanguard Total International Stock ETF 0.2 7 73 7.1 +175.1
RXI iShares Global Consumer Discretionary ETF 0.2 41 39 5.5 +173.5
QINT American Century Quality Diversified International ETF 0.2 39 41 7.4 +175.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 39 6.6 +174.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 35 8.6 +176.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 72 7.2 +175.2
BKIE BNY Mellon International Equity ETF 0.2 4 76 6.9 +174.9
FLEU Franklin FTSE Eurozone ETF 0.2 9 71 6.7 +174.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 41 6.8 +174.8
FEP First Trust Europe AlphaDEX Fund 0.1 80 0 8.6 +176.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 41 7.3 +175.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 50 7.8 +175.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 46 6.7 +174.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 9.6 +177.6
VEA Vanguard FTSE Developed Markets ETF 0.1 5 75 7.0 +175.0
CIL VictoryShares International Volatility Wtd ETF 0.1 45 35 6.8 +174.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.1 51 29 6.8 +174.8
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 32 7.6 +175.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 62 6.9 +174.9
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 5 8.3 +176.3
IQSI IQ Candriam International Equity ETF 0.1 15 65 6.4 +174.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 44 6.4 +174.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 31 12.5 +180.5
XCEM Columbia EM Core ex-China ETF 0.1 16 64 7.4 +175.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 45 6.4 +174.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 60 6.2 +174.2
SCHF Schwab International Equity ETF 0.1 6 74 7.0 +175.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 50 6.8 +174.8
EFA iShares MSCI EAFE ETF 0.1 35 45 6.4 +174.4
FLJP Franklin FTSE Japan ETF 0.1 9 71 7.0 +175.0
AVES Avantis Emerging Markets Value ETF 0.1 36 44 12.2 +180.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 50 6.8 +174.8
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 55 6.8 +174.8
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 71 6.9 +174.9
IEV iShares Europe ETF 0.1 67 13 6.1 +174.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 77 6.9 +174.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 60 6.8 +174.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 31 8.4 +176.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 60 5.6 +173.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 43 8.7 +176.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 39 7.8 +175.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 56 8.5 +176.5
AVDE Avantis International Equity ETF 0.1 23 57 7.8 +175.8
IPAC iShares Core MSCI Pacific ETF 0.1 9 71 6.6 +174.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 68 5.4 +173.4
DEW WisdomTree Global High Dividend Fund 0.1 58 22 9.0 +177.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -9 4.7 +172.7
VT Vanguard Total World Stock ETF 0.1 7 73 5.8 +173.8
IGPT Invesco AI and Next Gen Software ETF 0.1 60 20 3.8 +171.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 37 10.9 +178.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 7.2 +175.2
AVEM Avantis Emerging Markets Equity ETF 0.0 33 47 9.1 +177.1
ACWI iShares MSCI ACWI ETF 0.0 32 48 5.5 +173.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 71 5.5 +173.5
JHMD John Hancock Multifactor Developed International ETF 0.0 39 41 7.3 +175.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 42 8.3 +176.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 71 5.7 +173.7
VYMI Vanguard International High Dividend Yield ETF 0.0 22 58 9.7 +177.7
TOK iShares MSCI Kokusai ETF 0.0 26 54 5.3 +173.3
URTH iShares MSCI World ETF 0.0 24 56 5.4 +173.4
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 45 7.7 +175.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 55 9.0 +177.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 35 8.5 +176.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 50 8.6 +176.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 50 6.0 +174.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 71 8.0 +176.0
VPL Vanguard FTSE Pacific ETF 0.0 8 72 6.9 +174.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 38 5.1 +173.1
DISV Dimensional International Small Cap Value ETF 0.0 42 38 9.2 +177.2
IDX VanEck Indonesia Index ETF 0.0 57 23 7.9 +175.9
EIDO iShares MSCI Indonesia ETF 0.0 59 21 7.5 +175.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 55 6.7 +174.7
EMFQ Amplify Emerging Markets FinTech ETF 0.0 69 11 5.4 +173.4
FRDM Freedom 100 Emerging Markets ETF 0.0 49 31 7.3 +175.3
BATT Amplify Lithium & Battery Technology ETF 0.0 59 21 2.9 +170.9
ASEA Global X FTSE Southeast Asia ETF 0.0 65 15 6.5 +174.5
STXE Strive Emerging Markets Ex-China ETF 0.0 32 48 6.9 +174.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.0 70 10 3.4 +171.4
SMOG VanEck Low Carbon Energy ETF 0.0 61 19 3.0 +171.0
CHIQ Global X MSCI China Consumer Discretionary ETF 0.0 65 15 5.4 +173.4
SETM Sprott Energy Transition Materials ETF 0.0 65 15 5.4 +173.4
ERTH Invesco MSCI Sustainable Future ETF 0.0 62 18 3.7 +171.7
GMET VanEck Green Metals ETF 0.0 63 17 10.1 +178.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Renaissance International IPO ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -444.5 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score -168.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.51
 
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.