KraneShares MSCI Emerging Markets EX China Index ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 11.9x P/Sales
ratio		 1.2x
P/BV
ratio		 1.5x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor KraneShares
Website kraneshares.com
Inception date Apr 12, 2019
Assets (mns) $63
Currency USD
Expense ratio 24 bp
Distributions Annually

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 296
Wgt avg mkt cap (mns) $144,320
Large cap (>$10bn) 81.5%
Mid cap ($2-10bn) 17.6%
Small cap (<$2bn) 0.0%
Developed mkts 0.6%
Emerging mkts 99.4%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 13.1 %
SAMSUNG ELECTRONICS CO LTD 3.5 %
RELIANCE INDS-SPONS GDR 144A 2.1 %
INFOSYS TECHNOLOGIES-SP ADR 1.8 %
ICICI BANK LTD 1.6 %
MEDIATEK INC 1.6 %
HYNIX SEMICONDUCTOR INC 1.5 %
HON HAI PRECISION INDUSTRY 1.5 %
HDFC BANK LIMITED 1.5 %
NASPERS LTD CLASS N 1.5 %
Total 29.7 %

TOP COUNTRY EXPOSURE
TAIWAN 29.7 %
INDIA 22.0 %
SOUTH KOREA 15.8 %
BRAZIL 6.3 %
SOUTH AFRICA 5.0 %
MEXICO 3.0 %
MALAYSIA 2.5 %
INDONESIA 2.4 %
POLAND 2.1 %
THAILAND 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.6% 4.9% 10.6% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.85 67%
MSCI EAFE 0.80 63%
MSCI Emg. Mkts. 0.84 68%

Technical Indicators
Recent close $30.10
30d moving avg. $29.37
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 24
Turnover 1.1%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $6,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 455 potential alternatives to the KraneShares MSCI Emerging Markets EX China Index ETF ETF based on the alternatives' overlap in portfolio holdings with KEMX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KEMX Expense: 24 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KEMX
Ticker Fund
Name		 Overlap1
vs KEMX
(%)		 Expense
ratio
(bp)		 Savings
vs KEMX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KEMX
(%)
STXE Strive Emerging Markets Ex-China ETF 62.5 32 -8 8.0 -0.5
EMXC iShares MSCI Emerging Markets ex China ETF 62.3 25 -1 8.0 -0.6
XCEM Columbia EM Core ex-China ETF 58.1 16 8 8.4 -0.1
XC WisdomTree Emerging Markets Ex-China Fund 56.1 32 -8 6.2 -2.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 51.2 15 9 8.6 +0.1
XCNY SPDR S&P Emerging Markets ex-China ETF 46.6 15 9 7.7 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 46.3 49 -25 10.7 +2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 45.3 30 -6 10.9 +2.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 45.1 75 -51 10.3 +1.8
ECON Columbia Emerging Markets Consumer ETF 44.8 49 -25 13.3 +4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 44.6 66 -42 10.5 +2.0
EEM iShares MSCI Emerging Markets ETF 44.4 69 -45 10.8 +2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 44.2 32 -8 7.0 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 44.1 33 -9 10.7 +2.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 43.7 15 9 10.9 +2.4
EEMA iShares MSCI Emerging Markets Asia ETF 43.3 49 -25 10.9 +2.4
BKEM BNY Mellon Emerging Markets Equity ETF 43.3 11 13 10.6 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 42.5 16 8 8.6 +0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 42.1 45 -21 11.1 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 42.1 32 -8 9.7 +1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 42.0 36 -12 10.4 +1.9
ESGE iShares ESG Aware MSCI EM ETF 40.3 25 -1 10.7 +2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.4 70 -46 9.9 +1.4
LDEM iShares ESG MSCI EM Leaders ETF 39.0 17 7 14.0 +5.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 38.3 20 4 10.8 +2.3
IEMG iShares Core MSCI Emerging Markets ETF 38.2 9 15 11.0 +2.5
FLAX Franklin FTSE Asia Ex Japan ETF 37.4 19 5 10.0 +1.5
EMGF iShares Emerging Markets Equity Factor ETF 37.3 25 -1 12.3 +3.8
FTHF First Trust Emerging Markets Human Flourishing ETF 36.2 75 -51 8.9 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 36.1 30 -6 10.2 +1.7
SCHE Schwab Emerging Markets Equity ETF 34.9 11 13 11.8 +3.3
DFAE Dimensional Emerging Core Equity Market ETF 33.8 35 -11 10.2 +1.7
VWO Vanguard FTSE Emerging Markets ETF 33.1 8 16 11.1 +2.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 32.8 50 -26 11.9 +3.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.7 39 -15 17.2 +8.6
SPEM SPDR Portfolio Emerging Markets ETF 32.6 7 17 11.0 +2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 31.3 49 -25 17.0 +8.5
FLTW Franklin FTSE Taiwan ETF 30.1 19 5 6.9 -1.6
AIA iShares Asia 50 ETF 29.8 50 -26 14.7 +6.2
EWT iShares MSCI Taiwan ETF 29.7 58 -34 6.7 -1.8
FDEM Fidelity Emerging Markets Multifactor ETF 29.3 25 -1 13.6 +5.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 29.0 44 -20 10.9 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 28.8 44 -20 12.3 +3.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 28.6 40 -16 7.3 -1.2
RNEM First Trust Emerging Markets Equity Select ETF 28.6 75 -51 7.0 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 28.3 59 -35 12.3 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 28.1 48 -24 8.1 -0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 28.1 36 -12 8.2 -0.3
DEHP Dimensional Emerging Markets High Profitability ETF 27.7 41 -17 7.2 -1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 27.6 88 -64 9.8 +1.3
MEM Matthews Emerging Markets Equity Active ETF 26.7 79 -55 8.5 -0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 26.3 29 -5 6.8 -1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 25.6 38 -14 10.0 +1.4
FRDM Freedom 100 Emerging Markets ETF 25.6 49 -25 8.9 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 24.4 49 -25 10.1 +1.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 24.4 35 -11 20.9 +12.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.1 95 -71 13.3 +4.8
AVEM Avantis Emerging Markets Equity ETF 23.0 33 -9 9.5 +1.0
DFEV Dimensional Emerging Markets Value ETF 23.0 43 -19 14.1 +5.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 22.6 25 -1 6.5 -2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.4 41 -17 9.5 +1.0
AVES Avantis Emerging Markets Value ETF 21.6 36 -12 12.0 +3.4
MINV Matthews Asia Innovators Active ETF 21.3 79 -55 7.8 -0.7
BKF iShares MSCI BIC ETF 20.8 69 -45 13.8 +5.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 20.4 29 -5 8.6 +0.1
FLIN Franklin FTSE India ETF 20.1 19 5 3.9 -4.6
EPI WisdomTree India Earnings Fund 18.5 85 -61 4.8 -3.8
PATN Pacer Nasdaq International Patent Leaders ETF 18.2 65 -41 6.6 -2.0
INDA iShares MSCI India ETF 17.7 65 -41 4.4 -4.2
PIN Invesco India ETF 17.1 78 -54 4.3 -4.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 16.6 80 -56 4.9 -3.6
INDY iShares India 50 ETF 16.3 89 -65 4.6 -4.0
DEM WisdomTree Emerging Markets High Dividend Fund 16.3 63 -39 13.6 +5.1
FLKR Franklin FTSE South Korea ETF 15.9 9 15 10.6 +2.1
EWY iShares MSCI South Korea ETF 15.6 58 -34 10.1 +1.5
KNCT Invesco Next Gen Connectivity ETF 14.7 40 -16 5.2 -3.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.5 18 6 8.0 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 13.0 34 -10 7.9 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.9 41 -17 7.8 -0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.8 45 -21 10.8 +2.3
VSGX Vanguard ESG International Stock ETF 12.7 12 12 8.0 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 11.8 8 16 8.3 -0.2
IXUS iShares Core MSCI Total International Stock ETF 11.3 7 17 8.1 -0.4
VXUS Vanguard Total International Stock ETF 11.0 7 17 8.2 -0.3
VYMI Vanguard International High Dividend Yield ETF 10.6 22 2 9.8 +1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.4 42 -18 6.8 -1.8
NXTG First Trust Indxx NextG ETF 10.2 70 -46 5.6 -2.9
CGXU Capital Group International Focus Equity ETF 10.2 54 -30 5.8 -2.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.1 90 -66 8.1 -0.4
FLLA Franklin FTSE Latin America ETF 10.1 19 5 13.4 +4.9
IVES Wedbush ETFMG Global Cloud Technology ETF 10.0 68 -44 8.4 -0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.9 47 -23 8.5 -0.0
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 -23 9.3 +0.8
AIVC Amplify Bloomberg AI Value Chain ETF 9.3 59 -35 6.8 -1.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 9.2 80 -56 9.8 +1.3
EMM Global X Emerging Markets ex-China ETF 9.0 75 -51 6.1 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 8.9 80 -56 12.0 +3.5
EMC Global X Emerging Markets Great Consumer ETF 8.8 75 -51 8.4 -0.1
RODE Hartford Multifactor Diversified International ETF 8.8 29 -5 11.0 +2.4
NDIA Global X India Active ETF 8.7 75 -51 4.7 -3.9
ACWV iShares MSCI Global Min Vol Factor ETF 8.4 20 4 5.8 -2.7
CWI SPDR MSCI ACWI ex-US ETF 8.2 30 -6 7.9 -0.6
IXN iShares Global Tech ETF 7.9 41 -17 4.2 -4.3
JIG JPMorgan International Growth ETF 7.7 55 -31 4.7 -3.8
WWJD Inspire International ETF 7.6 80 -56 7.3 -1.2
IWTR iShares MSCI Water Management Multisector ETF 7.5 47 -23 6.1 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.1 30 -6 8.3 -0.2
VPL Vanguard FTSE Pacific ETF 7.1 8 16 7.4 -1.1
EYLD Cambria Emerging Shareholder Yield ETF 7.1 66 -42 13.0 +4.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.5 70 -46 15.5 +7.0
GLIN VanEck India Growth Leaders ETF 6.3 77 -53 6.2 -2.4
FLBR Franklin FTSE Brazil ETF 6.3 19 5 15.7 +7.2
FLN First Trust Latin America AlphaDEX Fund 6.3 80 -56 10.2 +1.7
EWZ iShares MSCI Brazil ETF 6.3 58 -34 13.7 +5.2
FBOT Fidelity Disruptive Automation ETF 6.1 50 -26 3.9 -4.7
WRND IQ Global Equity R&D Leaders ETF 6.0 18 6 8.9 +0.4
VIDI Vident International Equity Strategy ETF 6.0 61 -37 11.2 +2.7
BLES Inspire Global Hope ETF 5.8 61 -37 7.0 -1.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.8 65 -41 8.2 -0.3
INDF Nifty India Financials ETF 5.8 75 -51 6.4 -2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.8 60 -36 12.7 +4.2
AGQI First Trust Active Global Quality Income ETF 5.7 85 -61 4.9 -3.6
DEW WisdomTree Global High Dividend Fund 5.5 58 -34 8.8 +0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 -25 11.9 +3.4
ILF iShares Latin America 40 ETF 5.2 48 -24 13.4 +4.9
CARZ First Trust NASDAQ Global Auto Index Fund 5.2 70 -46 6.1 -2.4
JSTC Adasina Social Justice All Cap Global ETF 5.1 89 -65 4.5 -4.0
EZA iShares MSCI South Africa ETF 5.0 58 -34 10.3 +1.8
DGIN VanEck Digital India ETF 4.9 71 -47 1.9 -6.6
DVYE iShares Emerging Markets Dividend ETF 4.9 49 -25 18.7 +10.1
CHAT Roundhill Generative AI & Technology ETF 4.8 75 -51 7.0 -1.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 4.8 45 -21 3.1 -5.5
DSTX Distillate International Fundamental Stability & Value ETF 4.8 55 -31 8.3 -0.2
ACWI iShares MSCI ACWI ETF 4.8 32 -8 5.9 -2.7
ASEA Global X FTSE Southeast Asia ETF 4.7 65 -41 6.9 -1.7
FBZ First Trust Brazil AlphaDEX Fund 4.7 80 -56 12.5 +3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 4 6.0 -2.5
CLNR IQ Cleaner Transport ETF 4.6 45 -21 6.9 -1.6
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 -44 4.3 -4.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.5 80 -56 10.2 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.5 25 -1 9.8 +1.3
KLMT Invesco MSCI Global Climate 500 ETF 4.5 10 14 6.0 -2.5
SCHY Schwab International Dividend Equity ETF 4.4 14 10 9.6 +1.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.4 60 -36 7.1 -1.4
GVAL Cambria Global Value ETF 4.3 68 -44 11.2 +2.7
AFK VanEck Africa Index ETF 4.2 98 -74 12.0 +3.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 -22 10.7 +2.1
VT Vanguard Total World Stock ETF 4.2 7 17 6.2 -2.3
GLOF iShares Global Equity Factor ETF 4.1 20 4 6.9 -1.6
FMET Fidelity Metaverse ETF 4.0 39 -15 5.2 -3.3
UMMA Wahed Dow Jones Islamic World ETF 4.0 65 -41 5.3 -3.3
INCO Columbia India Consumer ETF 4.0 75 -51 1.8 -6.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.0 75 -51 3.3 -5.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.0 86 -62 14.1 +5.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.0 86 -62 0.3 -8.2
FEOE First Eagle Overseas Equity ETF 3.9 79 -55 8.3 -0.2
XT iShares Exponential Technologies ETF 3.8 46 -22 5.7 -2.9
HFXI IQ FTSE International Equity Currency Neutral ETF 3.8 20 4 7.2 -1.3
IMFL Invesco International Developed Dynamic Multifactor ETF 3.7 34 -10 5.9 -2.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.5 60 -36 10.8 +2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.5 45 -21 9.0 +0.5
DTCR Global X Data Center & Digital Infrastructure ETF 3.5 50 -26 4.7 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.5 12 12 5.3 -3.2
DINT Davis Select International ETF 3.5 55 -31 8.3 -0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 3.4 39 -15 14.1 +5.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -54 9.8 +1.3
DWLD Davis Select Worldwide ETF 3.3 63 -39 7.7 -0.8
JPIN J.P. Morgan Diversified Return International Equity ETF 3.3 37 -13 8.6 +0.1
TTAI FCF International Quality ETF 3.2 59 -35 7.1 -1.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.1 67 -43 14.0 +5.5
UIVM VictoryShares International Value Momentum ETF 3.1 35 -11 9.3 +0.8
OAIM OneAscent International Equity ETF 3.1 95 -71 6.1 -2.4
EWW iShares MSCI Mexico ETF 3.0 50 -26 9.2 +0.7
CGGO Capital Group Global Growth Equity ETF 3.0 47 -23 4.9 -3.6
ABLG Abacus FCF International Leaders ETF 3.0 59 -35 6.2 -2.3
AIS VistaShares Artificial Intelligence Supercycle ETF 3.0 75 -51 4.0 -4.5
COPY Tweedy, Browne Insider + Value ETF 2.9 80 -56 12.5 +4.0
SCHF Schwab International Equity ETF 2.9 6 18 7.5 -1.1
FILL iShares MSCI Global Energy Producers ETF 2.8 39 -15 12.7 +4.1
FLMX Franklin FTSE Mexico ETF 2.8 19 5 9.5 +1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.7 24 0 7.6 -1.0
INQQ India Internet & Ecommerce ETF 2.7 86 -62 1.0 -7.6
VEA Vanguard FTSE Developed Markets ETF 2.7 5 19 7.4 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.6 65 -41 12.0 +3.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 -41 3.3 -5.3
FDTX Fidelity Disruptive Technology ETF 2.6 50 -26 2.8 -5.7
EWM iShares MSCI Malaysia ETF 2.5 50 -26 7.0 -1.5
DWX SPDR S&P International Dividend ETF 2.4 45 -21 6.1 -2.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 -28 6.8 -1.7
FEGE First Eagle Global Equity ETF 2.3 79 -55 7.2 -1.3
EIDO iShares MSCI Indonesia ETF 2.2 59 -35 7.5 -1.0
IDX VanEck Indonesia Index ETF 2.2 57 -33 7.4 -1.1
SDIV Global X Superdividend ETF 2.2 58 -34 42.4 +33.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.2 55 -31 7.9 -0.7
TPIF Timothy Plan International ETF 2.1 62 -38 6.3 -2.2
EPOL iShares MSCI Poland ETF 2.1 59 -35 11.4 +2.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.1 56 -32 12.1 +3.6
QTUM Defiance Quantum ETF 1.9 40 -16 6.6 -1.9
IGRO iShares International Dividend Growth ETF 1.9 15 9 7.1 -1.4
LOUP Innovator Deepwater Frontier Tech ETF 1.9 70 -46 1.4 -7.1
PID Invesco International Dividend Achievers ETF 1.9 53 -29 5.6 -2.9
METV Roundhill Ball Metaverse ETF 1.8 59 -35 7.4 -1.1
AADR AdvisorShares Dorsey Wright ADR ETF 1.8 110 -86 5.1 -3.4
CIBR First Trust NASDAQ Cybersecurity ETF 1.8 60 -36 3.9 -4.6
IXG iShares Global Financials ETF 1.8 42 -18 6.8 -1.7
GGME Invesco Next Gen Media and Gaming ETF 1.8 60 -36 4.6 -3.9
DRIV Global X Autonomous & Electric Vehicles ETF 1.8 68 -44 6.9 -1.6
IDV iShares International Select Dividend ETF 1.7 51 -27 11.8 +3.2
VIGI Vanguard International Dividend Appreciation ETF 1.7 15 9 6.1 -2.4
RCGE RockCreek Global Equality ETF 1.7 95 -71 6.4 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 15 6.1 -2.4
CIL VictoryShares International Volatility Wtd ETF 1.7 45 -21 6.7 -1.8
MOTI VanEck Morningstar International Moat ETF 1.7 58 -34 12.8 +4.3
ICOP iShares Copper and Metals Mining ETF 1.7 47 -23 9.5 +1.0
ARTY iShares Future AI & Tech ETF 1.6 47 -23 3.7 -4.9
RGEF Rockefeller Global Equity ETF 1.6 55 -31 5.1 -3.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.6 3 21 7.2 -1.3
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -71 3.9 -4.7
IDAT iShares Future Cloud 5G and Tech ETF 1.6 47 -23 5.2 -3.3
SNSR Global X Internet of Things ETF 1.6 68 -44 4.8 -3.8
JGLO JPMorgan Global Select Equity ETF 1.6 33 -9 5.2 -3.4
IGPT Invesco AI and Next Gen Software ETF 1.5 60 -36 5.0 -3.6
DGT SPDR Global Dow ETF 1.5 50 -26 7.4 -1.1
FCLD Fidelity Cloud Computing ETF 1.5 39 -15 3.2 -5.4
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 -5 6.6 -1.9
GINN Goldman Sachs Innovate Equity ETF 1.5 52 -28 4.2 -4.3
MXI iShares Global Materials ETF 1.5 41 -17 8.0 -0.6
IBAT iShares Energy Storage & Materials ETF 1.4 47 -23 5.7 -2.8
OCEN IQ Clean Oceans ETF 1.4 45 -21 6.6 -1.9
IDRV iShares Self-driving EV & Tech ETF 1.4 47 -23 2.7 -5.9
UAE iShares MSCI UAE ETF 1.3 59 -35 0.0 -8.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.3 45 -21 4.5 -4.0
BRAZ Global X Brazil Active ETF 1.3 75 -51 13.2 +4.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 -25 6.4 -2.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -37 1.5 -7.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 -15 12.0 +3.5
QAT iShares MSCI Qatar ETF 1.2 59 -35 42.6 +34.1
FTAG First Trust Indxx Global Agriculture ETF 1.1 70 -46 8.5 +0.0
MOTO SmartETFs Smart Transportation & Technology ETF 1.1 68 -44 7.7 -0.8
RING iShares MSCI Global Gold Miners ETF 1.0 39 -15 5.6 -2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 -25 7.3 -1.3
KXI iShares Global Consumer Staples ETF 1.0 41 -17 5.3 -3.2
EV Mast Global Battery Recycling & Production ETF 1.0 65 -41 10.8 +2.3
GCOW Pacer Global Cash Cows Dividend ETF 1.0 60 -36 11.0 +2.5
EPU iShares MSCI Peru and Global Exposure ETF 1.0 59 -35 7.5 -1.0
BATT Amplify Lithium & Battery Technology ETF 1.0 59 -35 3.8 -4.8
EPHE iShares MSCI Philippines ETF 1.0 59 -35 0.0 -8.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 -15 6.1 -2.5
TUR iShares MSCI Turkey ETF 0.9 58 -34 22.7 +14.2
ISHP First Trust Nasdaq Retail ETF 0.9 60 -36 6.0 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 -23 5.7 -2.8
ECH iShares MSCI Chile ETF 0.9 58 -34 8.8 +0.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -37 -2.3 -10.8
FID First Trust S&P International Dividend Aristocrats ETF 0.9 60 -36 8.3 -0.3
WDIV SPDR S&P Global Dividend ETF 0.9 40 -16 9.6 +1.0
PBD Invesco Global Clean Energy ETF 0.9 75 -51 0.5 -8.0
GMET VanEck Green Metals ETF 0.8 63 -39 10.4 +1.9
OSEA Harbor International Compounders ETF 0.8 55 -31 4.6 -3.9
IXP iShares Global Comm Services ETF 0.8 42 -18 6.3 -2.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.8 39 -15 -1.3 -9.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 12 8.2 -0.3
CRAK VanEck Oil Refiners ETF 0.8 61 -37 15.9 +7.4
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -51 5.1 -3.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.8 72 -48 -0.9 -9.4
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -41 19.9 +11.4
SOCL Global X Social Media ETF 0.8 65 -41 12.4 +3.9
KPOP KPOP and Korean Entertainment ETF 0.8 75 -51 2.5 -6.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -55 8.8 +0.3
HAP VanEck Natural Resources ETF 0.7 50 -26 10.1 +1.6
DMAT Global X Disruptive Materials ETF 0.7 59 -35 10.6 +2.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -61 10.5 +2.0
IOO iShares Global 100 ETF 0.7 41 -17 5.2 -3.3
FPAG FPA Global Equity ETF 0.6 49 -25 6.1 -2.4
RXI iShares Global Consumer Discretionary ETF 0.6 41 -17 9.1 +0.6
CGGR Capital Group Growth ETF 0.6 39 -15 3.4 -5.1
SETM Sprott Energy Transition Materials ETF 0.6 65 -41 4.3 -4.2
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -51 4.7 -3.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.6 10 14 8.3 -0.3
GINX SGI Enhanced Global Income ETF 0.6 98 -74 7.4 -1.2
LIT Global X Lithium & Battery Tech ETF 0.6 75 -51 6.5 -2.1
AGNG Global X Aging Population ETF 0.6 50 -26 4.9 -3.6
ARKF ARK Fintech Innovation ETF 0.6 75 -51 -0.4 -8.9
ICLN iShares Global Clean Energy ETF 0.6 41 -17 6.2 -2.3
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -38 3.6 -4.9
FDCF Fidelity Disruptive Communications ETF 0.5 50 -26 3.4 -5.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.5 75 -51 5.2 -3.3
BINV Brandes International ETF 0.5 70 -46 9.8 +1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -34 5.0 -3.5
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 15 7.1 -1.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 15 8.1 -0.4
COPA Themes Copper Miners ETF 0.5 35 -11 7.1 -1.5
FVD First Trust Value Line Dividend Index Fund 0.5 65 -41 6.3 -2.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -55 5.7 -2.8
VGK Vanguard FTSE Europe ETF 0.5 11 13 7.3 -1.2
JETS U.S. Global Jets ETF 0.5 60 -36 3.8 -4.7
FLEE Franklin FTSE Europe ETF 0.5 9 15 7.0 -1.5
SPEU SPDR Portfolio Europe ETF 0.5 7 17 7.3 -1.2
TRFM AAM Transformers ETF 0.5 49 -25 1.8 -6.8
IQSI IQ Candriam International Equity ETF 0.5 15 9 6.6 -1.9
IXJ iShares Global Healthcare ETF 0.4 42 -18 7.2 -1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 -34 9.9 +1.4
CGDG Capital Group Dividend Growers ETF 0.4 47 -23 6.3 -2.2
SHPP Pacer Industrials and Logistics ETF 0.4 60 -36 8.4 -0.1
BOUT Innovator IBD Breakout Opportunities ETF 0.4 81 -57 3.1 -5.4
CZA Invesco Zacks Mid-Cap ETF 0.4 72 -48 6.6 -1.9
SLVP iShares MSCI Global Silver Miners ETF 0.4 39 -15 5.7 -2.8
SILJ ETFMG Prime Junior Silver Miners ETF 0.4 69 -45 2.4 -6.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 -26 6.0 -2.5
APIE ActivePassive International Equity ETF 0.4 45 -21 7.6 -0.9
COPX Global X Copper Miners ETF 0.4 65 -41 8.5 -0.0
AGMI Themes Silver Miners ETF 0.4 35 -11 5.9 -2.6
JXI iShares Global Utilities ETF 0.4 43 -19 5.9 -2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.4 59 -35 5.9 -2.7
HELX Franklin Genomic Advancements ETF 0.4 50 -26 -0.2 -8.7
SIL Global X Silver Miners ETF 0.4 65 -41 3.1 -5.4
CGV Conductor Global Equity Value ETF 0.4 130 -106 9.1 +0.6
BITQ Bitwise Crypto Industry Innovators ETF 0.3 85 -61 -2.7 -11.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -44 0.3 -8.2
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -51 0.3 -8.2
HART IQ Healthy Hearts ETF 0.3 45 -21 6.6 -1.9
IWP iShares Russell Mid-Cap Growth ETF 0.3 23 1 3.5 -5.0
IYF iShares U.S. Financials ETF 0.3 40 -16 6.2 -2.3
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 -5 4.9 -3.7
LRGF iShares U.S. Equity Factor ETF 0.3 8 16 5.8 -2.7
SFYF SoFi Social 50 ETF 0.3 29 -5 0.2 -8.3
AOTG AOT Growth and Innovation ETF 0.3 75 -51 2.1 -6.4
BPAY BlackRock Future Financial and Technology ETF 0.3 70 -46 7.3 -1.2
FDFF Fidelity Disruptive Finance ETF 0.3 50 -26 4.1 -4.4
IWR iShares Russell Midcap ETF 0.3 19 5 6.1 -2.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 4 7.0 -1.5
JHDV John Hancock U.S. High Dividend ETF 0.3 34 -10 7.0 -1.5
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 -21 6.3 -2.2
BUZZ VanEck Social Sentiment ETF 0.3 75 -51 -0.2 -8.8
IDOG ALPS International Sector Dividend Dogs ETF 0.3 50 -26 12.4 +3.9
SMOG VanEck Low Carbon Energy ETF 0.3 61 -37 1.6 -6.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 4 7.3 -1.3
BKIE BNY Mellon International Equity ETF 0.3 4 20 7.1 -1.4
SHLD Global X Defense Tech ETF 0.3 50 -26 3.2 -5.3
IHAK iShares Cybersecurity & Tech ETF 0.3 47 -23 3.6 -4.9
URA Global X Uranium ETF 0.3 69 -45 2.3 -6.2
THD iShares MSCI Thailand ETF 0.3 58 -34 0.0 -8.5
IQRA IQ CBRE Real Assets ETF 0.3 65 -41 5.7 -2.9
GDX VanEck Gold Miners ETF 0.3 51 -27 4.3 -4.2
GDXJ VanEck Junior Gold Miners ETF 0.3 52 -28 4.6 -3.9
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.3 60 -36 3.8 -4.8
CUT Invesco MSCI Global Timber ETF 0.3 61 -37 10.2 +1.7
WOOD iShares Global Timber & Forestry ETF 0.3 42 -18 12.1 +3.6
CTEC Global X CleanTech ETF 0.2 50 -26 3.1 -5.4
COWZ Pacer US Cash Cows 100 ETF 0.2 49 -25 9.8 +1.3
FXZ First Trust Materials AlphaDEX Fund 0.2 61 -37 11.7 +3.2
GNR SPDR S&P Global Natural Resources ETF 0.2 40 -16 11.8 +3.3
IYM iShares U.S. Basic Materials ETF 0.2 40 -16 6.9 -1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 6 7.9 -0.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 -11 1.2 -7.3
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.2 49 -25 4.4 -4.2
PTL Inspire 500 ETF 0.2 9 15 5.6 -2.9
LIVR Intelligent Livermore ETF 0.2 69 -45 6.5 -2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -15 8.4 -0.1
MOO VanEck Agribusiness ETF 0.2 53 -29 10.6 +2.0
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -15 8.7 +0.2
SFYX SoFi Next 500 ETF 0.2 0 24 6.0 -2.6
EXI iShares Global Industrials ETF 0.2 42 -18 4.6 -3.9
RVRB Reverb ETF 0.2 30 -6 4.9 -3.7
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -34 12.7 +4.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 -1 8.5 -0.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 12 4.7 -3.8
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 12 4.7 -3.9
AQWA Global X Clean Water ETF 0.2 50 -26 5.0 -3.5
CGW Invesco S&P Global Water Index ETF 0.2 57 -33 4.7 -3.9
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 12 6.0 -2.6
PIO Invesco Global Water ETF 0.2 75 -51 4.9 -3.7
ESPO VanEck Video Gaming and eSports ETF 0.2 56 -32 4.4 -4.1
HERO Global X Video Games & Esports ETF 0.2 50 -26 4.2 -4.3
NERD Roundhill Video Games ETF 0.2 50 -26 3.3 -5.3
OND ProShares On-Demand ETF 0.2 58 -34 0.8 -7.7
ODDS Pacer BlueStar Digital Entertainment ETF 0.2 60 -36 2.3 -6.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -56 15.1 +6.6
RNRG Global X Renewable Energy Producers ETF 0.2 66 -42 5.8 -2.7
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 11 6.6 -1.9
IWF iShares Russell 1000 Growth ETF 0.2 19 5 4.6 -3.9
VONG Vanguard Russell 1000 Growth ETF 0.2 8 16 4.7 -3.8
GVLU Gotham 1000 Value ETF 0.2 50 -26 9.3 +0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 -15 6.9 -1.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 9 4.9 -3.6
FDD First Trust Stoxx European Select Dividend Index Fund 0.2 58 -34 11.8 +3.3
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 -37 2.4 -6.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 -11 5.4 -3.1
GXG Global X MSCI Colombia ETF 0.1 62 -38 17.3 +8.7
ARVR First Trust Indxx Metaverse ETF 0.1 70 -46 4.5 -4.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 14 5.5 -3.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -18 5.6 -2.9
INTF iShares International Equity Factor ETF 0.1 15 9 7.8 -0.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 13 6.9 -1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 17 7.0 -1.5
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 -25 6.2 -2.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -23 5.3 -3.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 15 5.0 -3.5
VYM Vanguard High Dividend Yield Index ETF 0.1 6 18 7.5 -1.1
AVRE Avantis Real Estate ETF 0.1 17 7 7.1 -1.5
REET iShares Global REIT ETF 0.1 14 10 7.5 -1.0
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -26 7.0 -1.6
RWX SPDR Dow Jones International Real Estate ETF 0.1 59 -35 6.9 -1.6
DFGR Dimensional Global Real Estate ETF 0.1 22 2 7.4 -1.1
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 11 3.2 -5.3
FEP First Trust Europe AlphaDEX Fund 0.1 80 -56 9.3 +0.7
FEUZ First Trust Eurozone AlphaDEX ETF 0.1 80 -56 9.2 +0.7
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 9 5.7 -2.8
GREK Global X MSCI Greece ETF 0.1 57 -33 11.0 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -59 9.6 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 0.1 83 -59 10.4 +1.8
SUPL ProShares Supply Chain Logistics ETF 0.1 58 -34 11.0 +2.5
IWB iShares Russell 1000 ETF 0.1 15 9 5.2 -3.4
VONE Vanguard Russell 1000 ETF 0.1 8 16 5.2 -3.3
VTHR Vanguard Russell 3000 ETF 0.1 10 14 5.2 -3.4
IWV iShares Russell 3000 ETF 0.1 20 4 5.1 -3.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 4 7.2 -1.3
BJK VanEck Gaming ETF 0.1 65 -41 4.4 -4.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -56 11.9 +3.4
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -15 7.2 -1.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 -8 5.2 -3.4
VFMF Vanguard U.S. Multifactor ETF 0.1 18 6 8.4 -0.1
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -31 6.3 -2.2
CCMG CCM Global Equity ETF 0.1 34 -10 8.9 +0.4
DFVX Dimensional US Large Cap Vector ETF 0.0 22 2 6.5 -2.0
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -26 5.1 -3.4
IWY iShares Russell Top 200 Growth ETF 0.0 20 4 4.7 -3.8
ILCV iShares Morningstar Value ETF 0.0 4 20 6.9 -1.6
AVUS Avantis U.S. Equity ETF 0.0 15 9 6.2 -2.4
TINT ProShares Smart Materials ETF 0.0 58 -34 7.8 -0.7
DUHP Dimensional US High Profitability ETF 0.0 21 3 6.6 -2.0
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 7 7.1 -1.4
IUS Invesco RAFI Strategic US ETF 0.0 19 5 7.0 -1.5
DIVB iShares Core Dividend ETF 0.0 5 19 8.0 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -25 5.1 -3.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 22 5.2 -3.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 17 5.1 -3.4
IWL iShares Russell Top 200 ETF 0.0 15 9 4.9 -3.6
JHML John Hancock Multifactor Large Cap ETF 0.0 29 -5 5.6 -2.9
VOTE TCW Transform 500 ETF 0.0 5 19 5.2 -3.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 13 5.2 -3.3
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 21 5.2 -3.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 12 5.4 -3.1
DFUS Dimensional U.S. Equity ETF 0.0 9 15 5.1 -3.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 7 5.9 -2.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 -1 7.6 -0.9
EBI Longview Advantage ETF 0.0 35 -11 7.0 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 24 5.2 -3.4
QDF FlexShares Quality Dividend Index Fund 0.0 37 -13 6.6 -1.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 -1 6.1 -2.4
DCOR Dimensional US Core Equity 1 ETF 0.0 14 10 5.7 -2.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 6 5.7 -2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 -6 4.8 -3.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -41 8.3 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 -5 6.7 -1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 -13 6.3 -2.3

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:		 KraneShares MSCI Emerging Markets EX China Index ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.