JPMorgan Diversified Return Emerging Markets Equity ETF
ALTAR
Score™		 13.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.8x P/Sales
ratio		 0.8x
P/BV
ratio		 1.4x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JPMorgan Diversified Return Emerging Markets Equity ETF is a U.S. registered exchange-traded fund. The Fund seeks investment results of the FTSE Emerging Diversified Factor Index, which employs a unique risk framework to diversify risks across regions and super sectors, and a multi-factor stock ranking process to identify companies with strong fundamentals.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor JP Morgan Investment Managemen
Website www.jpmorganetfs.com
Inception date Jan 07, 2015
Assets (mns) $314
Currency USD
Expense ratio 44 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian JPMorgan Chase Bank
Weighting Tiered
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 551
Wgt avg mkt cap (mns) $58,096
Large cap (>$10bn) 47.2%
Mid cap ($2-10bn) 43.6%
Small cap (<$2bn) 7.7%
Developed mkts 4.2%
Emerging mkts 95.7%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 2.7 %
TAIWAN SEMICONDUCTOR MANUFAC 1.9 %
INFOSYS TECHNOLOGIES LTD 1.6 %
BANK OF CHINA LTD - H 1.1 %
CHINA CONSTRUCTION BANK-H 1.1 %
VALE SA 1.0 %
HINDUSTAN UNILEVER LIMITED 1.0 %
PETROBRAS - PETROLEO BRAS-PR 0.9 %
TATA CONSULTANCY SVS LTD 0.9 %
SAUDI TELECOM CO. 0.7 %
Total 12.9 %

TOP COUNTRY EXPOSURE
CHINA 17.7 %
INDIA 14.7 %
TAIWAN 10.6 %
BRAZIL 9.6 %
TURKEY 8.6 %
MEXICO 5.9 %
SOUTH AFRICA 4.6 %
SAUDI ARABIA 3.8 %
MALAYSIA 3.7 %
INDONESIA 2.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% 2.2% 2.1% -- 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.51 48%
MSCI EAFE 0.64 75%
MSCI Emg. Mkts. 0.66 81%

Technical Indicators
Recent close $52.31
30d moving avg. $52.61
Annualized volatility 12.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $11,288

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 369 potential alternatives to the JPMorgan Diversified Return Emerging Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with JPEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JPEM Expense: 44 bp ALTAR Score™: 13.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JPEM
Ticker Fund
Name		 Overlap1
vs JPEM
(%)		 Expense
ratio
(bp)		 Savings
vs JPEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JPEM
(%)
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 32.8 50 -6 13.4 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 31.3 30 14 7.9 -5.2
JHEM John Hancock Multifactor Emerging Markets ETF 31.0 49 -5 8.1 -5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 30.6 45 -1 10.9 -2.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 30.2 39 5 12.5 -0.7
XCEM Columbia EM Core ex-China ETF 29.9 16 28 7.5 -5.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.4 24 20 9.2 -4.0
BKEM BNY Mellon Emerging Markets Equity ETF 28.5 11 33 7.9 -5.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 27.9 66 -22 10.2 -3.0
XCNY SPDR S&P Emerging Markets ex-China ETF 27.8 15 29 6.3 -6.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.7 32 12 6.2 -7.0
SCHE Schwab Emerging Markets Equity ETF 27.7 11 33 7.0 -6.2
ECON Columbia Emerging Markets Consumer ETF 27.7 49 -5 7.0 -6.2
EMXC iShares MSCI Emerging Markets ex China ETF 27.5 25 19 6.5 -6.7
PXH Invesco FTSE RAFI Emerging Markets ETF 27.4 49 -5 11.8 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 27.2 36 8 7.6 -5.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 26.9 15 29 7.0 -6.1
ROAM Hartford Multifactor Emerging Markets ETF 26.8 44 0 15.2 +2.0
EMGF iShares Emerging Markets Equity Factor ETF 26.8 25 19 8.3 -4.9
STXE Strive Emerging Markets Ex-China ETF 26.0 32 12 6.8 -6.3
EMXF iShares ESG Advanced MSCI EM ETF 25.9 16 28 6.6 -6.5
VWO Vanguard FTSE Emerging Markets ETF 25.2 8 36 7.1 -6.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 25.1 15 29 10.3 -2.8
RNEM First Trust Emerging Markets Equity Select ETF 24.9 75 -31 7.2 -6.0
EEM iShares MSCI Emerging Markets ETF 24.7 69 -25 6.7 -6.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 24.3 35 9 12.0 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 24.3 25 19 10.2 -3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 24.1 29 15 8.3 -4.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 24.0 33 11 8.1 -5.1
LDEM iShares ESG MSCI EM Leaders ETF 23.8 17 27 7.3 -5.9
DEHP Dimensional Emerging Markets High Profitability ETF 23.7 41 3 5.0 -8.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.7 25 19 6.4 -6.7
EMMF WisdomTree Emerging Markets Multifactor Fund 23.7 48 -4 6.7 -6.4
XC WisdomTree Emerging Markets Ex-China Fund 23.6 32 12 5.8 -7.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.5 30 14 6.8 -6.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.3 59 -15 12.1 -1.1
DEM WisdomTree Emerging Markets High Dividend Fund 23.0 63 -19 18.3 +5.1
SPEM SPDR Portfolio Emerging Markets ETF 23.0 7 37 7.3 -5.8
IEMG iShares Core MSCI Emerging Markets ETF 22.6 9 35 7.3 -5.9
DFAE Dimensional Emerging Core Equity Market ETF 22.5 35 9 7.1 -6.0
EQLT iShares MSCI Emerging Markets Quality Factor ETF 21.5 35 9 7.1 -6.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 21.0 38 6 7.8 -5.4
FLAX Franklin FTSE Asia Ex Japan ETF 20.9 19 25 6.7 -6.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.6 40 4 7.8 -5.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 19.5 45 -1 12.4 -0.8
EEMO Invesco S&P Emerging Markets Momentum ETF 19.5 29 15 5.8 -7.4
ESGE iShares ESG Aware MSCI EM ETF 19.0 25 19 6.9 -6.2
BKF iShares MSCI BIC ETF 18.9 69 -25 6.6 -6.6
GMF SPDR S&P Emerging Asia Pacific ETF 18.8 49 -5 6.2 -7.0
EEMA iShares MSCI Emerging Markets Asia ETF 18.5 49 -5 6.4 -6.8
AVEM Avantis Emerging Markets Equity ETF 18.3 33 11 8.7 -4.5
DFEV Dimensional Emerging Markets Value ETF 18.0 43 1 10.6 -2.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 17.6 41 3 7.4 -5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.5 32 12 6.2 -7.0
AVES Avantis Emerging Markets Value ETF 17.4 36 8 11.6 -1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 17.4 70 -26 6.0 -7.1
FEM First Trust Emerging Markets AlphaDEX Fund 17.0 80 -36 12.9 -0.3
FLLA Franklin FTSE Latin America ETF 16.9 19 25 12.2 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 16.4 36 8 5.5 -7.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.7 20 24 6.7 -6.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 15.3 75 -31 8.0 -5.2
FLIN Franklin FTSE India ETF 14.4 19 25 4.8 -8.4
EDIV SPDR S&P Emerging Markets Dividend ETF 13.6 49 -5 11.6 -1.6
EPI WisdomTree India Earnings Fund 13.5 85 -41 6.2 -7.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 13.2 95 -51 10.1 -3.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.1 70 -26 10.9 -2.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 12.9 88 -44 7.3 -5.9
DVYE iShares Emerging Markets Dividend ETF 12.8 49 -5 18.3 +5.2
RODE Hartford Multifactor Diversified International ETF 12.0 29 15 11.1 -2.0
FTHF First Trust Emerging Markets Human Flourishing ETF 11.5 75 -31 8.7 -4.5
FLN First Trust Latin America AlphaDEX Fund 11.3 80 -36 8.3 -4.9
VYMI Vanguard International High Dividend Yield ETF 11.1 22 22 9.4 -3.7
INDA iShares MSCI India ETF 11.1 65 -21 4.1 -9.1
PIN Invesco India ETF 10.8 78 -34 4.6 -8.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.6 18 26 6.8 -6.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.5 90 -46 6.6 -6.6
FLTW Franklin FTSE Taiwan ETF 10.3 19 25 5.9 -7.2
ACWV iShares MSCI Global Min Vol Factor ETF 10.0 20 24 6.1 -7.1
MEM Matthews Emerging Markets Equity Active ETF 10.0 79 -35 5.0 -8.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.0 41 3 7.1 -6.1
FLBR Franklin FTSE Brazil ETF 9.8 19 25 12.9 -0.3
EWT iShares MSCI Taiwan ETF 9.6 58 -14 5.7 -7.4
IQDF FlexShares International Quality Dividend Index Fund 9.5 47 -3 13.3 +0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.4 67 -23 13.7 +0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 9.3 47 -3 16.6 +3.4
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 8 36 6.9 -6.2
ACWX iShares MSCI ACWI ex U.S. ETF 9.2 34 10 6.6 -6.5
FLCH Franklin FTSE China ETF 9.1 19 25 8.6 -4.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.1 47 -3 9.3 -3.9
VXUS Vanguard Total International Stock ETF 8.8 7 37 6.9 -6.3
IXUS iShares Core MSCI Total International Stock ETF 8.6 7 37 6.9 -6.3
VSGX Vanguard ESG International Stock ETF 8.5 12 32 6.5 -6.7
FBZ First Trust Brazil AlphaDEX Fund 8.1 80 -36 13.7 +0.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.1 80 -36 6.3 -6.9
MCHI iShares MSCI China ETF 7.9 59 -15 8.1 -5.1
TUR iShares MSCI Turkey ETF 7.9 58 -14 18.8 +5.7
FRDM Freedom 100 Emerging Markets ETF 7.9 49 -5 7.0 -6.2
INDY iShares India 50 ETF 7.9 89 -45 4.4 -8.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.8 58 -14 10.2 -3.0
GXC SPDR S&P China ETF 7.7 59 -15 8.2 -4.9
EWZ iShares MSCI Brazil ETF 7.5 58 -14 10.2 -3.0
KALL KraneShares MSCI All China Index ETF 7.4 49 -5 9.0 -4.1
SCHY Schwab International Dividend Equity ETF 7.2 14 30 9.1 -4.0
DEW WisdomTree Global High Dividend Fund 7.1 58 -14 8.3 -4.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.1 30 14 7.7 -5.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.8 42 2 6.2 -7.0
GVAL Cambria Global Value ETF 6.7 68 -24 17.0 +3.8
AIA iShares Asia 50 ETF 6.7 50 -6 6.5 -6.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 6.4 80 -36 12.2 -1.0
EYLD Cambria Emerging Shareholder Yield ETF 6.0 66 -22 13.9 +0.7
CWI SPDR MSCI ACWI ex-US ETF 6.0 30 14 6.7 -6.5
VIDI Vident International Equity Strategy ETF 5.9 61 -17 10.1 -3.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 5.9 70 -26 7.7 -5.5
EWW iShares MSCI Mexico ETF 5.8 50 -6 13.7 +0.5
FCA First Trust China AlphaDEX Fund 5.6 80 -36 15.8 +2.6
GLOF iShares Global Equity Factor ETF 5.3 20 24 6.6 -6.6
ILF iShares Latin America 40 ETF 5.2 48 -4 10.5 -2.7
FLMX Franklin FTSE Mexico ETF 5.2 19 25 13.9 +0.7
EMM Global X Emerging Markets ex-China ETF 5.1 75 -31 4.0 -9.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.1 46 -2 9.2 -4.0
FXI iShares China Large-Cap ETF 5.0 74 -30 7.7 -5.5
CGXU Capital Group International Focus Equity ETF 4.9 54 -10 4.4 -8.8
EMC Global X Emerging Markets Great Consumer ETF 4.9 75 -31 4.8 -8.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.8 60 -16 11.5 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 4.6 79 -35 10.4 -2.8
WWJD Inspire International ETF 4.6 80 -36 7.3 -5.9
NXTG First Trust Indxx NextG ETF 4.2 70 -26 6.6 -6.6
IGRO iShares International Dividend Growth ETF 4.1 15 29 7.1 -6.1
FILL iShares MSCI Global Energy Producers ETF 4.0 39 5 9.7 -3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.9 20 24 5.2 -8.0
KSA iShares MSCI Saudi Arabia ETF 3.8 74 -30 5.2 -7.9
AFK VanEck Africa Index ETF 3.8 98 -54 9.0 -4.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 3.8 65 -21 6.3 -6.9
EWM iShares MSCI Malaysia ETF 3.7 50 -6 5.5 -7.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 3.7 65 -21 8.0 -5.2
FLSA Franklin FTSE Saudi Arabia ETF 3.5 39 5 5.4 -7.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.5 39 5 13.7 +0.5
SDIV Global X Superdividend ETF 3.5 58 -14 13.3 +0.2
BLES Inspire Global Hope ETF 3.5 61 -17 6.5 -6.6
EZA iShares MSCI South Africa ETF 3.5 58 -14 10.5 -2.7
ACWI iShares MSCI ACWI ETF 3.5 32 12 5.2 -8.0
JSTC Adasina Social Justice All Cap Global ETF 3.4 89 -45 4.4 -8.8
VIGI Vanguard International Dividend Appreciation ETF 3.4 15 29 6.0 -7.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.4 60 -16 7.4 -5.7
MINV Matthews Asia Innovators Active ETF 3.3 79 -35 0.7 -12.5
VT Vanguard Total World Stock ETF 3.2 7 37 5.5 -7.7
INCO Columbia India Consumer ETF 3.1 75 -31 1.9 -11.3
KLMT Invesco MSCI Global Climate 500 ETF 3.1 10 34 5.3 -7.9
ASEA Global X FTSE Southeast Asia ETF 3.1 65 -21 6.4 -6.8
JIG JPMorgan International Growth ETF 3.1 55 -11 4.3 -8.8
EIDO iShares MSCI Indonesia ETF 2.9 59 -15 7.7 -5.5
CNYA iShares MSCI China A ETF 2.8 60 -16 8.2 -5.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.8 65 -21 7.8 -5.4
IWTR iShares MSCI Water Management Multisector ETF 2.8 47 -3 5.7 -7.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.8 86 -42 2.4 -10.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.8 86 -42 1.9 -11.3
INQQ India Internet & Ecommerce ETF 2.7 86 -42 3.0 -10.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.7 12 32 4.6 -8.5
KNCT Invesco Next Gen Connectivity ETF 2.6 40 4 4.8 -8.4
IDX VanEck Indonesia Index ETF 2.6 57 -13 9.0 -4.2
DSTX Distillate International Fundamental Stability & Value ETF 2.5 55 -11 7.7 -5.5
UAE iShares MSCI UAE ETF 2.5 59 -15 8.4 -4.8
JCHI JPMorgan Active China ETF 2.4 65 -21 8.2 -5.0
CLNR IQ Cleaner Transport ETF 2.4 45 -1 6.5 -6.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.3 60 -16 0.9 -12.3
DGT SPDR Global Dow ETF 2.3 50 -6 6.5 -6.7
GLIN VanEck India Growth Leaders ETF 2.2 77 -33 7.1 -6.0
GSIB Themes Global Systemically Important Banks ETF 2.2 35 9 11.7 -1.4
BIGFX Baron International Growth Retail 2.2 75 -31 3.2 -10.0
IVES Wedbush ETFMG Global Cloud Technology ETF 2.2 68 -24 4.6 -8.5
IXN iShares Global Tech ETF 2.2 41 3 4.6 -8.6
AIVC Amplify Bloomberg AI Value Chain ETF 2.2 59 -15 5.1 -8.1
PATN Pacer Nasdaq International Patent Leaders ETF 2.2 65 -21 6.1 -7.1
NDIA Global X India Active ETF 2.2 75 -31 8.3 -4.9
IXG iShares Global Financials ETF 2.2 42 2 5.8 -7.3
XT iShares Exponential Technologies ETF 2.1 46 -2 4.8 -8.4
DWX SPDR S&P International Dividend ETF 2.1 45 -1 6.6 -6.6
GBUY Goldman Sachs Future Consumer Equity ETF 2.0 75 -31 3.5 -9.7
CGGO Capital Group Global Growth Equity ETF 2.0 47 -3 4.5 -8.7
MCH Matthews China Active ETF 2.0 79 -35 5.6 -7.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 -5 5.4 -7.7
GREK Global X MSCI Greece ETF 2.0 57 -13 -3.6 -16.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.0 78 -34 8.7 -4.5
MOTG VanEck Morningstar Global Wide Moat ETF 1.9 52 -8 5.5 -7.7
CHAT Roundhill Generative AI & Technology ETF 1.9 75 -31 3.6 -9.6
AGQI First Trust Active Global Quality Income ETF 1.9 85 -41 5.4 -7.8
FBOT Fidelity Disruptive Automation ETF 1.9 50 -6 3.6 -9.5
BTECX Baron Technology 1.9 75 -31 2.2 -11.0
BDAIX Baron Durable Advantage 1.9 75 -31 3.6 -9.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.9 32 12 6.3 -6.9
ICLN iShares Global Clean Energy ETF 1.8 41 3 6.1 -7.1
RAYC Rayliant Quantamental China Equity ETF 1.8 80 -36 9.3 -3.8
EWX SPDR S&P Emerging Markets Small Cap ETF 1.7 65 -21 8.2 -4.9
CGV Conductor Global Equity Value ETF 1.6 130 -86 8.9 -4.3
TTAI FCF International Quality ETF 1.6 59 -15 4.9 -8.2
BIOPX Baron Opportunity Retail 1.5 75 -31 1.0 -12.2
ARTY iShares Future AI & Tech ETF 1.5 47 -3 4.3 -8.9
DGIN VanEck Digital India ETF 1.5 71 -27 0.5 -12.6
ECH iShares MSCI Chile ETF 1.5 58 -14 9.0 -4.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.4 47 -3 5.7 -7.4
ICOP iShares Copper and Metals Mining ETF 1.4 47 -3 10.8 -2.4
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.4 55 -11 8.4 -4.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 32 8.3 -4.9
WRND IQ Global Equity R&D Leaders ETF 1.4 18 26 7.4 -5.7
JGLO JPMorgan Global Select Equity ETF 1.4 33 11 4.6 -8.6
QAT iShares MSCI Qatar ETF 1.4 59 -15 9.3 -3.9
EWZS iShares MSCI Brazil Small-Cap ETF 1.3 59 -15 12.4 -0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 -11 10.2 -3.0
EMIF iShares Emerging Markets Infrastructure ETF 1.3 60 -16 8.6 -4.6
FEP First Trust Europe AlphaDEX Fund 1.2 80 -36 7.3 -5.9
FEUZ First Trust Eurozone AlphaDEX ETF 1.2 80 -36 6.1 -7.1
KURE KraneShares MSCI All China Health Care Index ETF 1.2 65 -21 4.4 -8.8
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 5 8.5 -4.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 35 5.3 -7.9
EFRA iShares Environmental Infrastructure and Industrials ETF 1.0 47 -3 5.1 -8.1
KXI iShares Global Consumer Staples ETF 1.0 41 3 5.6 -7.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 5 10.0 -3.2
MXI iShares Global Materials ETF 0.9 41 3 7.0 -6.1
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 -15 4.8 -8.4
TCHI iShares MSCI China Multisector Tech ETF 0.9 59 -15 1.3 -11.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.8 85 -41 10.4 -2.8
BRAZ Global X Brazil Active ETF 0.8 75 -31 9.9 -3.3
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -26 9.2 -4.0
CHIQ Global X MSCI China Consumer Discretionary ETF 0.8 65 -21 6.0 -7.2
FID First Trust S&P International Dividend Aristocrats ETF 0.7 60 -16 8.9 -4.3
WDIV SPDR S&P Global Dividend ETF 0.7 40 4 9.5 -3.7
BRF VanEck Brazil Small-Cap ETF 0.7 66 -22 9.5 -3.7
JETS U.S. Global Jets ETF 0.7 60 -16 -13.6 -26.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -2 5.0 -8.2
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -14 13.3 +0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.7 80 -36 3.0 -10.2
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -39 10.4 -2.8
HAP VanEck Natural Resources ETF 0.7 50 -6 10.0 -3.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 -14 4.8 -8.4
MOO VanEck Agribusiness ETF 0.7 53 -9 9.6 -3.5
SHPP Pacer Industrials and Logistics ETF 0.7 60 -16 8.9 -4.3
GMET VanEck Green Metals ETF 0.7 63 -19 11.5 -1.6
GII SPDR S&P Global Infrastructure ETF 0.6 40 4 4.3 -8.9
IGF iShares Global Infrastructure ETF 0.6 41 3 4.3 -8.9
CRAK VanEck Oil Refiners ETF 0.6 61 -17 14.8 +1.6
ISHP First Trust Nasdaq Retail ETF 0.6 60 -16 2.8 -10.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -39 9.3 -3.9
OSEA Harbor International Compounders ETF 0.5 55 -11 4.0 -9.2
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -1 -4.5 -17.6
BLLD JPMorgan Sustainable Infrastructure ETF 0.5 49 -5 5.6 -7.6
BJK VanEck Gaming ETF 0.5 65 -21 1.5 -11.7
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 -14 18.0 +4.8
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -15 7.5 -5.7
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 -1 3.7 -9.5
UIVM VictoryShares International Value Momentum ETF 0.5 35 9 9.5 -3.7
ARGT Global X MSCI Argentina ETF 0.5 59 -15 4.8 -8.4
DMAT Global X Disruptive Materials ETF 0.5 59 -15 11.3 -1.9
CGW Invesco S&P Global Water Index ETF 0.5 57 -13 4.6 -8.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 34 7.8 -5.4
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -6 6.3 -6.9
IXC iShares Global Energy ETF 0.4 44 0 9.0 -4.1
BINV Brandes International ETF 0.4 70 -26 8.5 -4.7
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -15 13.0 -0.2
FPXI First Trust International Equity Opportunities ETF 0.4 70 -26 5.0 -8.2
REET iShares Global REIT ETF 0.4 14 30 6.4 -6.8
HART IQ Healthy Hearts ETF 0.4 45 -1 6.0 -7.1
RNRG Global X Renewable Energy Producers ETF 0.4 66 -22 6.1 -7.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -36 8.8 -4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.4 75 -31 2.6 -10.6
IXP iShares Global Comm Services ETF 0.4 42 2 4.9 -8.2
OCEN IQ Clean Oceans ETF 0.4 45 -1 6.9 -6.3
INDF Nifty India Financials ETF 0.3 75 -31 5.9 -7.3
NLR VanEck Uranium+Nuclear Energy ETF 0.3 61 -17 3.7 -9.5
AQWA Global X Clean Water ETF 0.3 50 -6 4.3 -8.8
JXI iShares Global Utilities ETF 0.3 43 1 6.1 -7.0
PIO Invesco Global Water ETF 0.3 75 -31 5.1 -8.1
DFGR Dimensional Global Real Estate ETF 0.3 22 22 6.4 -6.8
EPHE iShares MSCI Philippines ETF 0.3 59 -15 9.8 -3.4
EWS iShares MSCI Singapore ETF 0.3 50 -6 4.5 -8.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -36 7.3 -5.9
IDOG ALPS International Sector Dividend Dogs ETF 0.3 50 -6 11.0 -2.2
IVAL Alpha Architect International Quantitative Value ETF 0.3 49 -5 12.6 -0.6
MOTI VanEck Morningstar International Moat ETF 0.3 58 -14 6.4 -6.8
RING iShares MSCI Global Gold Miners ETF 0.3 39 5 5.3 -7.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 15 8.0 -5.2
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 5 2.9 -10.3
IDAT iShares Future Cloud 5G and Tech ETF 0.3 47 -3 4.1 -9.1
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -16 3.7 -9.5
QTUM Defiance Quantum ETF 0.3 40 4 5.5 -7.7
SNSR Global X Internet of Things ETF 0.3 68 -24 4.5 -8.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.3 45 -1 3.2 -10.0
CGDG Capital Group Dividend Growers ETF 0.3 47 -3 6.5 -6.7
AVRE Avantis Real Estate ETF 0.3 17 27 6.1 -7.1
PID Invesco International Dividend Achievers ETF 0.3 53 -9 7.1 -6.1
BOAT SonicShares Global Shipping ETF 0.3 69 -25 40.0 +26.8
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -26 3.6 -9.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -26 10.1 -3.1
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 -16 34.4 +21.2
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 -3 4.9 -8.3
SHLD Global X Defense Tech ETF 0.3 50 -6 4.8 -8.3
INTF iShares International Equity Factor ETF 0.3 15 29 7.5 -5.6
BETZ Roundhill Sports Betting & iGaming ETF 0.3 75 -31 1.4 -11.8
BNGE First Trust S-Network Streaming and Gaming ETF 0.3 70 -26 -3.4 -16.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -35 6.9 -6.2
CGGR Capital Group Growth ETF 0.3 39 5 2.6 -10.5
GXG Global X MSCI Colombia ETF 0.3 62 -18 14.8 +1.7
EXI iShares Global Industrials ETF 0.2 42 2 4.4 -8.8
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -11 10.7 -2.5
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -31 4.3 -8.9
THD iShares MSCI Thailand ETF 0.2 58 -14 6.3 -6.9
FDNI First Trust Dow Jones International Internet ETF 0.2 65 -21 2.5 -10.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 -31 4.9 -8.3
HERO Global X Video Games & Esports ETF 0.2 50 -6 4.3 -8.9
OND ProShares On-Demand ETF 0.2 58 -14 -2.4 -15.6
BATT Amplify Lithium & Battery Technology ETF 0.2 59 -15 -0.3 -13.5
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -18 3.6 -9.5
BLDG Cambria Global Real Estate ETF 0.2 60 -16 15.7 +2.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 -3 7.9 -5.3
CGRO CoreValues Alpha Greater China Growth ETF 0.2 75 -31 3.9 -9.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -36 10.5 -2.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.2 60 -16 3.3 -9.8
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 -3 5.9 -7.3
AVIV Avantis International Large Cap Value ETF 0.2 25 19 8.0 -5.2
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -15 5.9 -7.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 -1 -4.4 -17.6
GNR SPDR S&P Global Natural Resources ETF 0.2 40 4 9.8 -3.4
IQRA IQ CBRE Real Assets ETF 0.2 65 -21 5.3 -7.9
OAIM OneAscent International Equity ETF 0.1 95 -51 5.7 -7.5
SPRE SP Funds S&P Global REIT Sharia ETF 0.1 55 -11 4.6 -8.6
AVDE Avantis International Equity ETF 0.1 23 21 7.5 -5.7
FENI Fidelity Enhanced International ETF 0.1 28 16 7.7 -5.5
CUT Invesco MSCI Global Timber ETF 0.1 61 -17 8.2 -5.0
WOOD iShares Global Timber & Forestry ETF 0.1 42 2 9.4 -3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 5 6.8 -6.4
SMIN iShares MSCI India Small Cap ETF 0.1 79 -35 3.9 -9.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 14 5.4 -7.7
URA Global X Uranium ETF 0.1 69 -25 2.8 -10.4
IPAC iShares Core MSCI Pacific ETF 0.1 9 35 7.1 -6.1
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 14 5.6 -7.6
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 14 10.8 -2.4
IHAK iShares Cybersecurity & Tech ETF 0.1 47 -3 3.3 -9.9
SMOG VanEck Low Carbon Energy ETF 0.1 61 -17 2.6 -10.6
VRAI Virtus Real Asset Income ETF 0.1 55 -11 8.6 -4.6
DIHP Dimensional International High Profitability ETF 0.1 29 15 7.2 -6.0
IXJ iShares Global Healthcare ETF 0.1 42 2 6.4 -6.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 8 3.9 -9.2
IBLC iShares Blockchain and Tech ETF 0.1 47 -3 -1.1 -14.3
IQSI IQ Candriam International Equity ETF 0.1 15 29 6.2 -7.0
RXI iShares Global Consumer Discretionary ETF 0.0 41 3 5.2 -7.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 21 7.4 -5.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 5 6.8 -6.4
SETM Sprott Energy Transition Materials ETF 0.0 65 -21 7.5 -5.7
NIKL Sprott Nickel Miners ETF 0.0 75 -31 11.8 -1.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 14 7.0 -6.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 24 6.0 -7.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 26 6.9 -6.3
EFA iShares MSCI EAFE ETF 0.0 35 9 6.4 -6.8
BKIE BNY Mellon International Equity ETF 0.0 4 40 6.8 -6.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 8 6.4 -6.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 24 6.7 -6.5
KSTR KraneShares SSE STAR Market 50 Index ETF 0.0 89 -45 2.2 -11.0
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 20 6.1 -7.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 40 6.7 -6.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 37 6.7 -6.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 19 6.8 -6.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.0 50 -6 4.6 -8.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 41 6.9 -6.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 14 6.0 -7.2
CTEC Global X CleanTech ETF 0.0 50 -6 2.7 -10.5
GINN Goldman Sachs Innovate Equity ETF 0.0 52 -8 2.4 -10.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 35 5.1 -8.1
TOK iShares MSCI Kokusai ETF 0.0 26 18 4.9 -8.2
URTH iShares MSCI World ETF 0.0 24 20 5.1 -8.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 37 6.5 -6.7

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

  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

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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:		 JPMorgan Diversified Return Emerging Markets Equity 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 17.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 44 bp
Equals: ALTAR Score 13.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.48
 
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.