Matthews Asia Innovators Active ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 2.6x
P/BV
ratio		 2.8x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MINV is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth.

FUND BASICS
Category International Equities
Fund Sponsor Matthews International Capital Management
Website www.matthewsasia.com/funds/etfs/asia-innovators-active-etf/
Inception date Jul 13, 2022
Assets (mns) $79
Currency USD
Expense ratio 79 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $268,801
Large cap (>$10bn) 89.7%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 0.0%
Developed mkts 15.1%
Emerging mkts 85.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 12.6 %
TENCENT HOLDINGS LTD 6.9 %
SAMSUNG ELECTRONICS CO LTD 5.5 %
ALIBABA GROUP HOLDING LTD. 4.4 %
RELIANCE INDS-SPONS GDR 144A 3.8 %
HYNIX SEMICONDUCTOR INC 3.7 %
ZOMATO LTD. 3.2 %
BEIJING SEVENSTAR ELECTRONICS CO., 3.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.1 %
SEA LTD. (SINGAPORE) SPONSORED ADR 2.3 %
Total 48.6 %

TOP COUNTRY EXPOSURE
CHINA 34.1 %
TAIWAN 20.8 %
SOUTH KOREA 17.8 %
INDIA 11.5 %
SINGAPORE 3.1 %
HONG KONG 2.0 %
JAPAN 2.0 %




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.
30.9% 30.9% -- -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.81 50%
MSCI EAFE 0.95 49%
MSCI Emg. Mkts. 1.19 88%

Technical Indicators
Recent close $35.31
30d moving avg. $34.88
Annualized volatility 20.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $8,419

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 396 potential alternatives to the Matthews Asia Innovators Active ETF ETF based on the alternatives' overlap in portfolio holdings with MINV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MINV Expense: 79 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MINV
Ticker Fund
Name		 Overlap1
vs MINV
(%)		 Expense
ratio
(bp)		 Savings
vs MINV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MINV
(%)
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 44.5 20 59 27,699.8 +27,694.0
MEM Matthews Emerging Markets Equity Active ETF 42.6 79 0 6.7 +0.8
JADE JPMorgan Active Developing Markets Equity ETF 39.1 65 14 6.9 +1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 38.2 33 46 8.5 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 38.0 19 60 7.8 +1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 34.7 15 64 8.8 +3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34.6 66 13 8.1 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 34.0 30 49 8.5 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 33.9 15 64 6.8 +1.0
BKEM BNY Mellon Emerging Markets Equity ETF 33.2 11 68 8.3 +2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 32.8 36 43 8.4 +2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 32.2 32 47 7.3 +1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 32.0 86 -7 11.9 +6.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 31.6 24 55 6.7 +0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 31.4 45 34 8.8 +3.0
PATN Pacer Nasdaq International Patent Leaders ETF 28.5 65 14 4.9 -1.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 28.4 60 19 9.4 +3.6
JHEM John Hancock Multifactor Emerging Markets ETF 28.1 49 30 8.6 +2.8
DEHP Dimensional Emerging Markets High Profitability ETF 27.7 41 38 5.5 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 27.7 25 54 11.2 +5.3
XCEM Columbia EM Core ex-China ETF 27.5 16 63 6.8 +1.0
MCH Matthews China Active ETF 27.2 79 0 13.2 +7.4
STXE Strive Emerging Markets Ex-China ETF 27.1 32 47 6.5 +0.7
ECON Columbia Emerging Markets Consumer ETF 26.9 49 30 10.4 +4.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 26.2 32 47 5.5 -0.3
SCHE Schwab Emerging Markets Equity ETF 26.0 11 68 9.8 +4.0
DFAE Dimensional Emerging Core Equity Market ETF 26.0 35 44 7.8 +1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.2 40 39 6.3 +0.5
EMC Global X Emerging Markets Great Consumer ETF 24.4 75 4 7.2 +1.4
VWO Vanguard FTSE Emerging Markets ETF 24.3 7 72 9.4 +3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.8 32 47 11.7 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 23.1 7 72 9.6 +3.7
FDNI First Trust Dow Jones International Internet ETF 22.8 65 14 18.9 +13.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 22.5 75 4 8.9 +3.1
JIVE JPMorgan International Value ETF 21.8 55 24 10.0 +4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.7 95 -16 10.6 +4.8
NUEM Nuveen ESG Emerging Markets Equity ETF 21.6 36 43 6.9 +1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 21.5 48 31 6.3 +0.5
JCHI JPMorgan Active China ETF 21.4 65 14 13.3 +7.4
FTHF First Trust Emerging Markets Human Flourishing ETF 21.0 75 4 7.9 +2.1
FLCH Franklin FTSE China ETF 20.2 19 60 14.7 +8.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 19.8 88 -9 7.4 +1.6
TCHI iShares MSCI China Multisector Tech ETF 19.5 59 20 15.7 +9.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 19.4 38 41 7.8 +2.0
FLTW Franklin FTSE Taiwan ETF 19.3 19 60 5.4 -0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.1 59 20 7.9 +2.0
KWEB KraneShares CSI China Internet ETF 18.9 69 10 23.2 +17.3
CGXU Capital Group International Focus Equity ETF 18.8 54 25 4.9 -0.9
GXC SPDR S & P China ETF 18.4 59 20 15.1 +9.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.4 30 49 7.8 +2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 18.3 49 30 14.1 +8.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 18.2 41 38 7.4 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 18.0 49 30 8.7 +2.8
CGRO CoreValues Alpha Greater China Growth ETF 17.7 75 4 3.0 -2.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 17.4 53 26 6.3 +0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 17.0 15 64 6.5 +0.6
JIG JPMorgan International Growth ETF 16.7 55 24 4.1 -1.7
CHAT Roundhill Generative AI & Technology ETF 15.7 75 4 6.5 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.6 42 37 5.8 -0.1
KTEC KraneShares Hang Seng TECH Index ETF 15.6 69 10 17.6 +11.7
KNCT Invesco Next Gen Connectivity ETF 15.4 40 39 4.1 -1.8
FLKR Franklin FTSE South Korea ETF 15.1 9 70 6.3 +0.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 15.1 86 -7 0.4 -5.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 14.5 75 4 2.5 -3.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.0 39 40 15.0 +9.1
EEMO Invesco S&P Emerging Markets Momentum ETF 13.9 29 50 7.2 +1.4
CQQQ Invesco China Technology ETF 12.4 70 9 13.3 +7.5
FRDM Freedom 100 Emerging Markets ETF 12.3 49 30 6.3 +0.5
AVEM Avantis Emerging Markets Equity ETF 11.7 33 46 7.6 +1.7
AIVC Amplify Bloomberg AI Value Chain ETF 11.5 59 20 4.5 -1.3
DINT Davis Select International ETF 11.0 55 24 6.9 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.9 41 38 6.7 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.9 18 61 6.7 +0.9
CLNR IQ Cleaner Transport ETF 10.7 45 34 4.9 -1.0
AIQ Global X Artificial Intelligence & Technology ETF 10.6 68 11 3.0 -2.9
AVSE Avantis Responsible Emerging Markets Equity ETF 10.6 33 46 7.3 +1.4
SOCL Global X Social Media ETF 10.5 65 14 9.3 +3.5
FMET Fidelity Metaverse ETF 10.2 39 40 4.3 -1.6
UMMA Wahed Dow Jones Islamic World ETF 10.0 65 14 4.1 -1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.8 50 29 9.7 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 9.8 4 75 7.1 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 9.6 44 35 10.7 +4.9
INQQ India Internet & Ecommerce ETF 9.5 86 -7 1.1 -4.7
VSGX Vanguard ESG International Stock ETF 9.4 10 69 6.9 +1.1
IMFL Invesco International Developed Dynamic Multifactor ETF 9.3 34 45 5.2 -0.6
DWLD Davis Select Worldwide ETF 9.2 63 16 6.4 +0.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.2 75 4 2.9 -2.9
VXUS Vanguard Total International Stock ETF 9.0 5 74 7.0 +1.2
VPL Vanguard FTSE Pacific ETF 8.6 7 72 6.1 +0.2
CHIQ Global X MSCI China Consumer Discretionary ETF 8.3 65 14 11.3 +5.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.7 47 32 7.3 +1.4
MOTI VanEck Morningstar International Moat ETF 7.5 58 21 9.6 +3.7
FBOT Fidelity Disruptive Automation ETF 7.4 50 29 2.9 -2.9
WRND IQ Global Equity R&D Leaders ETF 7.3 18 61 6.8 +0.9
DGIN VanEck Digital India ETF 7.2 71 8 1.2 -4.6
DFEV Dimensional Emerging Markets Value ETF 7.1 43 36 10.9 +5.0
BNGE First Trust S-Network Streaming and Gaming ETF 7.1 70 9 2.3 -3.5
OGIG ALPS O'Shares Global Internet Giants ETF 7.1 48 31 1.8 -4.0
BUYZ Franklin Disruptive Commerce ETF 7.0 50 29 2.0 -3.9
FLIN Franklin FTSE India ETF 7.0 19 60 3.6 -2.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 7.0 55 24 6.4 +0.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.9 80 -1 9.0 +3.2
ESPO VanEck Video Gaming and eSports ETF 6.9 56 23 4.9 -1.0
ODDS Pacer BlueStar Digital Entertainment ETF 6.9 60 19 2.7 -3.1
EMM Global X Emerging Markets ex-China ETF 6.8 75 4 5.8 -0.1
IQDF FlexShares International Quality Dividend Index Fund 6.8 47 32 7.9 +2.1
EBIZ Global X E-Commerce ETF 6.6 50 29 3.4 -2.4
FDCF Fidelity Disruptive Communications ETF 6.5 50 29 3.3 -2.5
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 6.5 65 14 6.4 +0.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.5 90 -11 4.8 -1.1
DOL WisdomTree International LargeCap Dividend Fund 6.4 48 31 6.3 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 6.3 32 47 5.6 -0.3
LIT Global X Lithium & Battery Tech ETF 6.3 75 4 6.0 +0.1
FEOE First Eagle Overseas Equity ETF 6.3 79 0 6.2 +0.4
ANEW ProShares MSCI Transformational Changes ETF 6.2 45 34 4.6 -1.2
ISHP First Trust Nasdaq Retail ETF 6.1 60 19 5.2 -0.7
CARZ First Trust NASDAQ Global Auto Index Fund 6.1 70 9 3.6 -2.2
MOTG VanEck Morningstar Global Wide Moat ETF 6.0 52 27 9.0 +3.2
CHPX Global X AI Semiconductor & Quantum ETF 5.9 50 29 2.7 -3.1
EPI WisdomTree India Earnings Fund 5.9 85 -6 4.3 -1.6
IGPT Invesco AI and Next Gen Software ETF 5.7 60 19 3.5 -2.4
ONLN ProShares Online Retail ETF 5.7 58 21 2.0 -3.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.6 33 46 7.2 +1.3
CWI SPDR MSCI ACWI ex-US ETF 5.6 30 49 6.7 +0.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.5 45 34 2.2 -3.7
GKAT Scharf Global Opportunity ETF 5.0 57 22 5.6 -0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.0 60 19 7.6 +1.7
AGQI First Trust Active Global Quality Income ETF 4.9 85 -6 4.8 -1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.6 30 49 6.8 +1.0
CGGO Capital Group Global Growth Equity ETF 4.6 47 32 3.9 -1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.5 44 35 9.7 +3.8
NXTG First Trust Indxx NextG ETF 4.5 70 9 4.5 -1.3
FEGE First Eagle Global Equity ETF 4.4 79 0 5.9 +0.0
AADR AdvisorShares Dorsey Wright ADR ETF 4.3 110 -31 4.2 -1.7
IDHQ Invesco S&P International Developed High Quality ETF 4.3 29 50 5.6 -0.3
FDTX Fidelity Disruptive Technology ETF 4.2 50 29 2.1 -3.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.2 25 54 8.5 +2.6
RNEM First Trust Emerging Markets Equity Select ETF 4.1 75 4 7.9 +2.1
KLMT Invesco MSCI Global Climate 500 ETF 4.1 10 69 5.0 -0.8
RGEF Rockefeller Global Equity ETF 4.0 55 24 4.0 -1.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 4.0 80 -1 4.4 -1.5
OAIM OneAscent International Equity ETF 4.0 95 -16 4.8 -1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 3.9 20 59 6.2 +0.4
KGRN KraneShares MSCI China Clean Technology Index ETF 3.9 79 0 0.3 -5.5
INCO Columbia India Consumer ETF 3.8 75 4 1.5 -4.3
AIS VistaShares Artificial Intelligence Supercycle ETF 3.7 75 4 2.2 -3.7
PNQI Invesco NASDAQ Internet ETF 3.7 60 19 3.0 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.7 45 34 7.7 +1.9
DTCR Global X Data Center & Digital Infrastructure ETF 3.7 50 29 3.5 -2.4
NDIA Global X India Active ETF 3.7 75 4 4.8 -1.1
GINN Goldman Sachs Innovate Equity ETF 3.7 52 27 3.3 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 3.6 80 -1 10.8 +4.9
ITOL Tema International Durable Quality ETF 3.5 60 19 4.8 -1.0
ARVR First Trust Indxx Metaverse ETF 3.5 70 9 3.6 -2.3
NUKZ Range Nuclear Renaissance Index ETF 3.5 85 -6 1.1 -4.8
VT Vanguard Total World Stock ETF 3.4 6 73 5.2 -0.6
ARKF ARK Fintech Innovation ETF 3.3 75 4 0.1 -5.8
SCHF Schwab International Equity ETF 3.3 6 73 6.4 +0.6
QTUM Defiance Quantum ETF 3.2 40 39 4.6 -1.3
BATT Amplify Lithium & Battery Technology ETF 3.1 59 20 1.8 -4.0
CDIG City Different Investments Global Equity ETF 3.1 75 4 0.5 -5.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.1 45 34 9.9 +4.0
IBUY Amplify Online Retail ETF 3.1 65 14 1.3 -4.5
FPXI First Trust International Equity Opportunities ETF 3.0 70 9 3.7 -2.1
VEA Vanguard FTSE Developed Markets ETF 3.0 3 76 6.3 +0.5
POW VistaShares Electrification Supercycle ETF 3.0 75 4 3.2 -2.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.9 65 14 1.7 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.9 12 67 4.4 -1.5
JGLO JPMorgan Global Select Equity ETF 2.8 33 46 4.4 -1.4
AWAY ETFMG Travel Tech ETF 2.8 76 3 -0.2 -6.0
TTAI FCF International Quality ETF 2.7 59 20 6.4 +0.6
TMAT Main Thematic Innovation ETF 2.7 164 -85 -1.5 -7.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.7 65 14 7.3 +1.5
KURE KraneShares MSCI All China Health Care Index ETF 2.6 65 14 3.0 -2.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.4 80 -1 3.6 -2.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 22 3.4 -2.5
GPT Intelligent Alpha Atlas ETF 2.4 69 10 5.0 -0.9
MILN Global X Millennial Consumer ETF 2.3 50 29 3.5 -2.4
METV Roundhill Ball Metaverse ETF 2.3 59 20 7.7 +1.9
BPAY BlackRock Future Financial and Technology ETF 2.3 70 9 5.8 -0.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -1 7.8 +1.9
CGIE Capital Group International Equity ETF 2.3 54 25 4.4 -1.5
EV Mast Global Battery Recycling & Production ETF 2.2 65 14 7.2 +1.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.2 72 7 -1.3 -7.1
AVES Avantis Emerging Markets Value ETF 2.2 36 43 9.8 +4.0
OCEN IQ Clean Oceans ETF 2.2 45 34 5.0 -0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.1 58 21 4.0 -1.9
VIGI Vanguard International Dividend Appreciation ETF 2.1 10 69 5.8 -0.0
PIN Invesco India ETF 2.1 78 1 4.5 -1.3
HYP Golden Eagle Dynamic Hypergrowth ETF 2.0 85 -6 -1.2 -7.0
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.0 48 31 4.7 -1.1
FAN First Trust Global Wind Energy ETF 2.0 60 19 4.0 -1.9
DTAN Sparkline International Intangible Value ETF 2.0 55 24 7.5 +1.7
BBJP JPMorgan BetaBuilders Japan ETF 2.0 19 60 6.1 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.0 47 32 5.3 -0.6
FLJH Franklin FTSE Japan Hedged ETF 2.0 9 70 5.7 -0.1
FLJP Franklin FTSE Japan ETF 2.0 9 70 5.7 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.0 25 54 5.9 +0.1
RAYJ Rayliant SMDAM Japan Equity ETF 2.0 72 7 3.5 -2.4
FCA First Trust China AlphaDEX Fund 2.0 80 -1 9.4 +3.6
TRFM AAM Transformers ETF 1.9 49 30 1.0 -4.8
ABLG Abacus FCF International Leaders ETF 1.9 59 20 5.8 -0.0
PBD Invesco Global Clean Energy ETF 1.8 75 4 0.7 -5.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.8 3 76 6.2 +0.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.8 20 59 3.8 -2.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.8 15 64 4.1 -1.8
SHLD Global X Defense Tech ETF 1.8 50 29 2.8 -3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 70 5.0 -0.9
OND ProShares On-Demand ETF 1.7 58 21 -0.6 -6.4
TOGA Tremblant Global ETF 1.6 69 10 1.3 -4.6
CBSE Clough Select Equity ETF 1.6 85 -6 1.0 -4.9
AFK VanEck Africa Index ETF 1.6 98 -19 11.4 +5.6
JSTC Adasina Social Justice All Cap Global ETF 1.6 89 -10 4.3 -1.5
JETS U.S. Global Jets ETF 1.6 60 19 2.2 -3.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 59 5.7 -0.1
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 54 5.3 -0.6
URA Global X Uranium ETF 1.5 69 10 1.1 -4.7
FPAG FPA Global Equity ETF 1.5 49 30 5.2 -0.7
GLIN VanEck India Growth Leaders ETF 1.5 77 2 4.8 -1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.5 47 32 5.7 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.5 14 65 5.7 -0.2
GGME Invesco Next Gen Media and Gaming ETF 1.5 60 19 4.1 -1.8
JIRE JPMorgan International Research Enhanced Equity ETF 1.4 24 55 6.5 +0.6
BWEB Bitwise Web3 ETF 1.4 85 -6 -0.1 -5.9
FENI Fidelity Enhanced International ETF 1.4 28 51 5.8 -0.1
APIE ActivePassive International Equity ETF 1.3 45 34 6.7 +0.8
IPKW Invesco International BuyBack Achievers ETF 1.3 55 24 8.1 +2.2
DRGN Themes China Generative Artificial Intelligence ETF 1.3 39 40 9.4 +3.5
UIVM VictoryShares International Value Momentum ETF 1.3 35 44 7.8 +1.9
XDAT Franklin Exponential Data ETF 1.3 50 29 1.9 -4.0
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 4 4.4 -1.5
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 24 6.9 +1.0
WUGI AXS Esoterica NextG Economy ETF 1.2 75 4 2.3 -3.5
BEDZ AdvisorShares Hotel ETF 1.2 100 -21 6.2 +0.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 34 1.6 -4.2
DXJ WisdomTree Japan Hedged Equity Fund 1.2 48 31 6.1 +0.3
CIL VictoryShares International Volatility Wtd ETF 1.2 45 34 5.9 +0.1
JPIN J.P. Morgan Diversified Return International Equity ETF 1.2 37 42 7.4 +1.6
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 13 11.1 +5.3
SNSR Global X Internet of Things ETF 1.2 68 11 4.3 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 1.2 63 16 12.2 +6.4
ROBO ROBO Global Robotics & Automation Index ETF 1.2 95 -16 2.9 -3.0
PGJ Invesco Golden Dragon China ETF 1.2 70 9 12.6 +6.8
CGDG Capital Group Dividend Growers ETF 1.2 47 32 5.5 -0.4
DGT State Street SPDR Global Dow ETF 1.1 50 29 6.1 +0.2
TPIF Timothy Plan International ETF 1.1 62 17 5.6 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.1 20 59 5.6 -0.3
IQSI IQ Candriam International Equity ETF 1.1 15 64 5.8 -0.1
GURU Global X Guru Index ETF 1.1 75 4 2.4 -3.4
TIIV AAM Todd International Intrinsic Value ETF 1.0 54 25 10.1 +4.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.0 58 21 3.9 -1.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 44 3.7 -2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 43 6.0 +0.2
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 30 7.1 +1.2
STXI Strive International Developed Markets ETF 1.0 29 50 5.8 -0.0
ICPY Tweedy, Browne International Insider Value ETF 1.0 80 -1 10.3 +4.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 59 6.0 +0.2
GEW Cambria Global EW ETF 0.9 29 50 5.5 -0.4
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 17 3.1 -2.7
SMOG VanEck Low Carbon Energy ETF 0.9 61 18 1.5 -4.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 11 4.5 -1.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 40 -1.3 -7.1
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 11 5.8 -0.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 0.8 61 18 6.4 +0.6
XRT State Street SPDR S&P Retail ETF 0.8 35 44 7.3 +1.5
MVPA Miller Value Partners Appreciation ETF 0.8 60 19 8.2 +2.4
GVIP Goldman Sachs Hedge Industry VIP ETF 0.8 45 34 2.7 -3.1
BKIE BNY Mellon International Equity ETF 0.8 4 75 6.2 +0.4
FFOG Franklin Focused Growth ETF 0.8 61 18 1.9 -4.0
LIVR Intelligent Livermore ETF 0.8 69 10 3.0 -2.8
OZEM Roundhill GLP-1 & Weight Loss ETF 0.8 59 20 4.0 -1.8
THNR Amplify Weight Loss Drug & Treatment ETF 0.8 59 20 5.9 +0.1
CGGR Capital Group Growth ETF 0.8 39 40 2.7 -3.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 37 6.2 +0.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 20 3.9 -2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.8 58 21 6.1 +0.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.8 45 34 1.5 -4.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 14 10.1 +4.2
VIDI Vident International Equity Strategy ETF 0.7 61 18 9.6 +3.8
KAT Scharf ETF 0.7 87 -8 4.7 -1.1
HELX Franklin Genomic Advancements ETF 0.7 50 29 -0.4 -6.2
BMED Future Health ETF 0.7 85 -6 0.2 -5.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 30 6.4 +0.5
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -1 10.7 +4.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 60 5.2 -0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.7 70 9 12.1 +6.3
JHMD John Hancock Multifactor Developed International ETF 0.7 39 40 6.7 +0.8
DIHP Dimensional International High Profitability ETF 0.7 29 50 6.0 +0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 20 1.6 -4.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.7 24 55 6.6 +0.7
YNOT Horizon Digital Frontier ETF 0.6 75 4 2.6 -3.2
VFMV Vanguard U.S. Minimum Volatility ETF 0.6 13 66 5.4 -0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.6 31 48 5.9 +0.1
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 9 7.9 +2.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.5 65 14 4.2 -1.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.5 20 59 2.8 -3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 54 6.4 +0.5
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 56 5.3 -0.5
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 21 6.2 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 55 5.6 -0.2
KSTR KraneShares SSE STAR Market 50 Index ETF 0.5 89 -10 0.7 -5.1
DFAI Dimensional International Core Equity Market ETF 0.5 18 61 6.2 +0.4
JHID John Hancock International High Dividend ETF 0.5 46 33 8.6 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 44 5.9 +0.1
QQQ Invesco QQQ Trust Series I 0.5 20 59 3.4 -2.5
QQQM Invesco NASDAQ 100 ETF 0.5 15 64 3.4 -2.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.5 65 14 1.9 -4.0
VYMI Vanguard International High Dividend Yield ETF 0.5 17 62 8.4 +2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 40 5.5 -0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 40 6.0 +0.1
IQM Franklin Intelligent Machines ETF 0.4 50 29 1.6 -4.2
VXF Vanguard Extended Market ETF 0.4 5 74 4.1 -1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 50 8.2 +2.3
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 14 3.5 -2.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 58 3.1 -2.8
DFIC Dimensional International Core Equity 2 ETF 0.4 23 56 6.5 +0.7
RECS Columbia Research Enhanced Core ETF 0.3 15 64 5.1 -0.8
QGRW WisdomTree U.S. Quality Growth Fund 0.3 28 51 3.3 -2.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 15 0.9 -4.9
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 20 5.2 -0.6
AVDE Avantis International Equity ETF 0.3 23 56 6.6 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 40 7.0 +1.1
JGRO JPMorgan Active Growth ETF 0.3 44 35 2.8 -3.0
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.3 58 21 5.0 -0.8
PTL Inspire 500 ETF 0.3 9 70 4.8 -1.0
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 59 3.4 -2.5
DXIV Dimensional International Vector Equity ETF 0.3 34 45 6.8 +1.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 27 5.1 -0.7
PID Invesco International Dividend Achievers ETF 0.3 53 26 4.9 -1.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 24 4.4 -1.4
DWM WisdomTree International Equity Fund 0.2 48 31 6.5 +0.7
DEW WisdomTree Global High Dividend Fund 0.2 58 21 7.8 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 39 6.6 +0.8
TMFC Motley Fool 100 Index ETF 0.2 50 29 2.9 -3.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 37 4.8 -1.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 54 7.1 +1.2
AVSD Avantis Responsible International Equity ETF 0.2 23 56 4.8 -1.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 49 6.2 +0.3
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -27 10.7 +4.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 70 7.1 +1.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 59 6.0 +0.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 44 5.4 -0.4
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 39 5.4 -0.5
AVIV Avantis International Large Cap Value ETF 0.1 25 54 7.7 +1.8
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 66 2.6 -3.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 37 8.8 +3.0
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 66 5.4 -0.4
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 64 5.1 -0.7
QINT American Century Quality Diversified International ETF 0.1 39 40 6.3 +0.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 67 3.6 -2.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 75 3.1 -2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 14 7.3 +1.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 44 4.6 -1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 60 5.5 -0.4
VFMF Vanguard U.S. Multifactor ETF 0.1 18 61 6.9 +1.1
VONG Vanguard Russell 1000 Growth ETF 0.1 7 72 3.4 -2.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 70 4.1 -1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 70 4.6 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 49 5.2 -0.7
IUS Invesco RAFI Strategic US ETF 0.1 19 60 6.1 +0.3
RVRB Reverb ETF 0.1 30 49 4.0 -1.9
FBCG Fidelity Blue Chip Growth ETF 0.1 59 20 2.2 -3.6
AVUS Avantis U.S. Equity ETF 0.1 15 64 5.1 -0.8
DFUS Dimensional U.S. Equity ETF 0.1 9 70 4.2 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 59 6.6 +0.7
DFAU Dimensional US Core Equity Market ETF 0.1 12 67 4.4 -1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 50 3.9 -2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 61 4.6 -1.3
SCHX Schwab U.S. Large-Cap ETF 0.1 3 76 4.3 -1.5
GXLC Global X U.S. 500 ETF 0.1 2 77 4.2 -1.7
SCHK Schwab 1000 Index ETF 0.1 5 74 4.3 -1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 77 4.3 -1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 72 4.2 -1.6
VOTE TCW Transform 500 ETF 0.1 5 74 4.3 -1.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 76 4.3 -1.5
VONE Vanguard Russell 1000 ETF 0.0 7 72 4.3 -1.5
VTHR Vanguard Russell 3000 ETF 0.0 7 72 4.2 -1.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 62 4.8 -1.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 65 4.7 -1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 79 4.3 -1.6
JHML John Hancock Multifactor Large Cap ETF 0.0 29 50 4.7 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 50 5.7 -0.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 68 4.3 -1.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 65 4.2 -1.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 54 4.8 -1.1
STXG Strive 1000 Growth ETF 0.0 18 61 3.1 -2.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 40 6.1 +0.2
STRV Strive 500 ETF 0.0 5 74 4.2 -1.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 62 6.2 +0.4
EPS WisdomTree U.S. LargeCap Fund 0.0 8 71 5.0 -0.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 61 6.2 +0.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 54 6.6 +0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 40 2.9 -3.0
EBI Longview Advantage ETF 0.0 35 44 5.9 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 49 3.9 -2.0
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 59 7.9 +2.0

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:		 Matthews Asia Innovators Active 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 18.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 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.