Nuveen ESG Emerging Markets Equity ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 NEUTRAL
2023E    2024E
P/E
ratio		 12.6x P/Sales
ratio		 0.9x
P/BV
ratio		 1.5x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Emerging Markets Equity ETF tracks an index of large- and midcap emerging-market stocks that score highly on environmental, social, and governance criteria. The index is optimized for marketlike risk and return characteristics.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Jun 06, 2017
Assets (mns) $225
Currency USD
Expense ratio 35 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 237
Wgt avg mkt cap (mns) $40,860
Large cap (>$10bn) 49.7%
Mid cap ($2-10bn) 19.7%
Small cap (<$2bn) 0.4%
Developed mkts 6.0%
Emerging mkts 94.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 8.1 %
ALIBABA GROUP HOLDING LTD. 3.7 %
CHINA CONSTRUCTION BANK-H 2.2 %
BAIDU, INC. CLASS A 2.1 %
DELTA ELECTRONICS INC 1.6 %
SAUDI BASIC INDUSTRIES CORP. 1.6 %
NETEASE, INC 1.6 %
AXIS BANK LIMITED 1.5 %
HINDUSTAN UNILEVER LIMITED 1.5 %
HYNIX SEMICONDUCTOR INC 1.4 %
Total 25.3 %

TOP COUNTRY EXPOSURE
CHINA 28.0 %
TAIWAN 16.0 %
INDIA 13.0 %
SOUTH KOREA 11.4 %
BRAZIL 4.7 %
SAUDI ARABIA 4.6 %
SOUTH AFRICA 3.3 %
HONG KONG 3.3 %
MEXICO 2.7 %
INDONESIA 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% -14.5% -1.1% -- 2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.71 47%
MSCI EAFE 0.83 61%
MSCI Emg. Mkts. 0.95 95%

Technical Indicators
Recent close $26.44
30d moving avg. $26.29
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 70
Turnover 0.8%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $9,057

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 449 potential alternatives to the Nuveen ESG Emerging Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with NUEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUEM Expense: 35 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUEM
Ticker Fund
Name		 Overlap1
vs NUEM
(%)		 Expense
ratio
(bp)		 Savings
vs NUEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NUEM
(%)
EMXF iShares ESG Advanced MSCI EM ETF 48.9 16 19 9.6 +1.4
ESGE iShares ESG Aware MSCI EM ETF 44.8 25 10 8.9 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 43.5 16 19 9.3 +1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 43.4 20 15 8.6 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.5 30 5 8.7 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.7 32 3 7.1 -1.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 34.6 18 17 8.5 +0.3
EEMA iShares MSCI Emerging Markets Asia ETF 34.4 50 -15 8.2 -0.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 33.7 66 -31 8.3 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 33.7 11 24 9.2 +1.0
EEM iShares MSCI Emerging Markets ETF 33.3 68 -33 8.3 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 31.3 15 20 9.3 +1.1
SCHE Schwab Emerging Markets Equity ETF 31.3 11 24 8.7 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 31.1 69 -34 7.7 -0.5
EMXC iShares MSCI Emerging Markets ex China ETF 30.5 25 10 7.8 -0.4
XC WisdomTree Emerging Markets Ex-China Fund 30.4 32 3 7.7 -0.5
JEMA JPMorgan Emerging Markets Equity Core ETF 30.3 39 -4 8.0 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.1 23 12 7.6 -0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.8 45 -10 9.9 +1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 29.8 50 -15 13.6 +5.4
EMGF iShares MSCI Emerging Markets Multifactor ETF 29.4 45 -10 12.9 +4.7
JHEM John Hancock Multifactor Emerging Markets ETF 29.3 49 -14 9.5 +1.3
IEMG iShares Core MSCI Emerging Markets ETF 29.1 9 26 8.7 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 29.0 19 16 8.5 +0.3
RESE WisdomTree Emerging Markets ESG Fund 28.6 32 3 8.9 +0.7
AIA iShares Asia 50 ETF 28.6 50 -15 9.6 +1.4
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 28.5 16 19 9.9 +1.7
STXE Strive Emerging Markets Ex-China ETF 28.3 32 3 7.7 -0.5
VWO Vanguard FTSE Emerging Markets ETF 28.0 8 27 8.8 +0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 27.9 16 19 8.8 +0.5
BKF iShares MSCI BRIC ETF 27.4 70 -35 9.2 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 27.4 35 0 9.4 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 27.3 11 24 8.7 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.3 39 -4 13.9 +5.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 26.8 36 -1 8.6 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.9 30 5 10.0 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 25.8 32 3 9.5 +1.3
XCEM Columbia EM Core ex-China ETF 25.6 16 19 8.2 +0.0
MCHI iShares MSCI China ETF 24.1 57 -22 10.8 +2.6
DEHP Dimensional Emerging Markets High Profitability ETF 24.1 41 -6 9.3 +1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 24.0 39 -4 10.1 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.3 51 -16 10.8 +2.6
KESG KraneShares MSCI China ESG Leaders Index ETF 22.7 59 -24 12.5 +4.3
FLCH Franklin FTSE China ETF 22.3 19 16 11.0 +2.8
GMF SPDR S&P Emerging Asia Pacific ETF 21.8 49 -14 7.9 -0.3
KALL KraneShares MSCI All China Index ETF 21.8 48 -13 11.5 +3.3
DFEV Dimensional Emerging Markets Value ETF 21.5 43 -8 13.9 +5.7
ROAM Hartford Multifactor Emerging Markets ETF 20.5 44 -9 13.3 +5.1
GXC SPDR S&P China ETF 20.4 59 -24 10.1 +1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 19.8 48 -13 13.5 +5.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.2 59 -24 11.8 +3.6
FXI iShares China Large-Cap ETF 18.4 74 -39 14.6 +6.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 18.2 25 10 8.2 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.1 40 -5 8.9 +0.7
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 17.9 44 -9 11.2 +3.0
CN Xtrackers MSCI All China Equity ETF 17.0 50 -15 11.4 +3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 16.7 32 3 6.8 -1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.7 95 -60 16.8 +8.6
DEM WisdomTree Emerging Markets High Dividend Fund 16.2 63 -28 15.9 +7.7
EWT iShares MSCI Taiwan ETF 15.9 57 -22 7.5 -0.7
FLTW Franklin FTSE Taiwan ETF 15.8 19 16 7.8 -0.4
AVEM Avantis Emerging Markets Equity ETF 15.1 33 2 10.6 +2.4
BICK First Trust BICK Index Fund 14.5 64 -29 6.8 -1.4
MINV Matthews Asia Innovators Active ETF 14.2 79 -44 -0.6 -8.8
TCHI iShares MSCI China Multisector Tech ETF 13.5 59 -24 4.0 -4.2
KTEC KraneShares Hang Seng TECH Index ETF 12.8 68 -33 -1.2 -9.4
INDA iShares MSCI India ETF 12.7 65 -30 4.3 -3.9
BKES BNY Mellon Sustainable Global Emerging Markets ETF 12.6 11 24 5.1 -3.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 12.4 86 -51 2.4 -5.8
FLIN Franklin FTSE India ETF 12.3 19 16 6.3 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.0 42 -7 6.6 -1.6
PIN Invesco India ETF 11.9 78 -43 5.2 -3.1
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 11.9 58 -23 5.7 -2.5
AVES Avantis Emerging Markets Value ETF 11.7 36 -1 15.0 +6.8
INDY iShares India 50 ETF 11.4 89 -54 4.6 -3.6
NFTY First Trust India NIFTY 50 Equal Weight ETF 11.4 80 -45 8.5 +0.3
EWY iShares MSCI South Korea ETF 11.3 57 -22 8.8 +0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 11.3 31 4 9.7 +1.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.3 59 -24 2.1 -6.1
FRDM Freedom 100 Emerging Markets ETF 11.2 49 -14 9.4 +1.2
FLKR Franklin FTSE South Korea ETF 11.1 9 26 9.6 +1.4
MEM Matthews Emerging Markets Equity Active ETF 11.1 79 -44 6.8 -1.4
FDNI First Trust Dow Jones International Internet ETF 11.0 65 -30 2.8 -5.4
ECON Columbia Emerging Markets Consumer ETF 11.0 49 -14 4.5 -3.7
RNEM First Trust Emerging Markets Equity Select ETF 10.9 75 -40 11.6 +3.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 10.6 45 -10 14.0 +5.8
ACWX iShares MSCI ACWI ex U.S. ETF 10.1 32 3 8.1 -0.1
KWEB KraneShares CSI China Internet ETF 10.0 69 -34 -0.4 -8.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.0 41 -6 8.2 -0.0
VSGX Vanguard ESG International Stock ETF 9.9 12 23 7.8 -0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.9 29 6 9.8 +1.6
FDEM Fidelity Emerging Markets Multifactor ETF 9.5 45 -10 13.7 +5.5
EMFM Global X MSCI Next Emerging & Frontier ETF 9.4 63 -28 7.4 -0.8
EPI WisdomTree India Earnings Fund 9.3 84 -49 17.4 +9.2
KEJI Global X China Innovation ETF 9.0 75 -40 3.5 -4.7
IXUS ishares Core MSCI Total International Stock ETF 8.8 7 28 8.0 -0.2
MCH Matthews China Active ETF 8.7 79 -44 10.3 +2.1
VXUS Vanguard Total International Stock ETF 8.6 7 28 8.1 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 8.6 7 28 8.3 +0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 8.5 20 15 12.7 +4.5
FLLA Franklin FTSE Latin America ETF 8.1 19 16 10.3 +2.1
NXTG First Trust Indxx NextG ETF 8.0 70 -35 6.9 -1.3
IWTR iShares MSCI Water Management Multisector ETF 7.8 47 -12 5.4 -2.8
CHIQ Global X MSCI China Consumer ETF 7.8 65 -30 4.5 -3.7
RODE Hartford Multifactor Diversified International ETF 7.6 29 6 13.6 +5.4
CWI SPDR MSCI ACWI ex-US ETF 7.3 30 5 8.1 -0.2
FEM First Trust Emerging Markets AlphaDEX Fund 7.1 80 -45 18.7 +10.5
MOTI VanEck Morningstar International Moat ETF 6.9 57 -22 9.1 +0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.8 80 -45 9.1 +0.9
VYMI Vanguard International High Dividend Yield ETF 6.7 22 13 11.3 +3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 6.6 49 -14 15.0 +6.8
ACWV iShares MSCI Global Min Vol Factor ETF 6.5 20 15 8.3 +0.1
SCHY Schwab International Dividend Equity ETF 6.3 14 21 9.2 +1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.1 31 4 8.9 +0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.0 47 -12 11.6 +3.4
VIDI Vident International Equity Fund 6.0 61 -26 12.3 +4.1
CHIX Global X MSCI China Financials ETF 5.9 65 -30 24.8 +16.6
GBUY Goldman Sachs Future Consumer Equity ETF 5.6 75 -40 3.2 -5.0
CGXU Capital Group International Focus Equity ETF 5.6 54 -19 4.3 -3.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.5 78 -43 10.5 +2.3
INCO Columbia India Consumer ETF 5.5 75 -40 3.0 -5.2
DSTX Distillate International Fundamental Stability & Value ETF 5.4 55 -20 8.6 +0.4
PIE Invesco DWA Emerging Markets Momentum ETF 5.3 90 -55 9.0 +0.8
CHIC Global X MSCI China Communication Services ETF 5.2 65 -30 -3.3 -11.5
IQDF FlexShares International Quality Dividend Index Fund 5.2 47 -12 11.9 +3.7
WRND IQ Global Equity R&D Leaders ETF 4.9 18 17 8.5 +0.3
DVYE iShares Emerging Markets Dividend ETF 4.9 49 -14 19.3 +11.1
WWJD Inspire International ESG ETF 4.7 69 -34 7.6 -0.6
EWZ iShares MSCI Brazil Capped ETF 4.7 57 -22 10.5 +2.3
FLBR Franklin FTSE Brazil ETF 4.7 19 16 12.1 +3.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.7 61 -26 9.3 +1.1
FLSA Franklin FTSE Saudi Arabia ETF 4.6 39 -4 6.5 -1.7
KSA iShares MSCI Saudi Arabia Capped ETF 4.6 74 -39 5.9 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 15 7.5 -0.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 4.5 65 -30 8.9 +0.7
CNYA iShares MSCI China A ETF 4.5 60 -25 8.8 +0.6
ILF iShares Latin America 40 ETF 4.5 47 -12 10.0 +1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.5 65 -30 9.0 +0.7
RAYE Rayliant Quantamental Emerging Market Equity ETF 4.4 80 -45 14.7 +6.5
RXI iShares Global Consumer Discretionary ETF 4.4 40 -5 6.7 -1.6
MTVR Fount Metaverse ETF 4.4 70 -35 6.6 -1.6
DEW WisdomTree Global High Dividend Fund 4.4 58 -23 11.0 +2.8
IGRO iShares International Dividend Growth ETF 4.3 15 20 9.4 +1.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.3 75 -40 4.2 -4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.2 67 -32 18.4 +10.2
CQQQ Invesco China Technology ETF 4.2 70 -35 -5.4 -13.6
ACWI iShares MSCI ACWI ETF 4.2 32 3 7.2 -1.0
IQDE FlexShares International Quality Dividend Defensive Index ET 4.1 47 -12 10.7 +2.5
FLN First Trust Latin America AlphaDEX Fund 4.1 80 -45 15.2 +7.0
ASEA Global X Southeast Asia ETF 4.0 65 -30 7.9 -0.3
ACWF iShares MSCI Global Multifactor ETF 4.0 35 0 9.8 +1.6
BKIS BNY Mellon Sustainable International Equity ETF 3.9 70 -35 5.6 -2.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.9 47 -12 -0.9 -9.1
IXN iShares Global Tech ETF 3.9 40 -5 5.9 -2.3
KOIN Innovation Shares NextGen Protocol ETF 3.8 75 -40 7.6 -0.6
GVAL Cambria Global Value ETF 3.7 71 -36 14.5 +6.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 -17 7.1 -1.1
IXP iShares Global Comm Services ETF 3.5 40 -5 8.0 -0.2
CLNR IQ Cleaner Transport ETF 3.5 45 -10 7.2 -1.0
VT Vanguard Total World Stock ETF 3.5 7 28 7.3 -0.9
FBZ First Trust Brazil AlphaDEX Fund 3.4 80 -45 14.8 +6.6
IXG iShares Global Financials ETF 3.3 40 -5 10.4 +2.2
FLZA Franklin FTSE South Africa ETF 3.3 19 16 9.8 +1.6
EZA iShares MSCI South Africa ETF 3.3 57 -22 10.5 +2.3
SUBS Fount Subscription Economy ETF 3.3 70 -35 5.4 -2.8
LOUP Innovator Loup Frontier Tech ETF 3.2 70 -35 2.1 -6.1
VIGI Vanguard International Dividend Appreciation ETF 3.2 15 20 6.6 -1.6
BNE Blue Horizon BNE ETF 3.2 87 -52 5.2 -3.0
AFK VanEck Africa Index ETF 3.2 77 -42 11.6 +3.4
BLES Inspire Global Hope Large Cap ETF 3.1 49 -14 7.2 -1.0
KBA KraneShares Bosera MSCI China A Share ETF 3.1 56 -21 10.4 +2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 23 6.7 -1.5
SDG iShares Sustainable MSCI Global Impact ETF 3.0 49 -14 7.2 -1.0
ARVR First Trust Indxx Metaverse ETF 2.8 70 -35 4.7 -3.5
EWW iShares MSCI Mexico Capped ETF 2.7 50 -15 6.6 -1.7
FLMX Franklin FTSE Mexico ETF 2.7 19 16 6.8 -1.4
AFTY Pacer CSOP FTSE China A50 ETF 2.7 70 -35 11.4 +3.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.7 69 -34 10.3 +2.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 -10 3.2 -5.0
TPIF Timothy Plan International ETF 2.7 62 -27 7.4 -0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 78 -43 11.2 +3.0
IDAT iShares Cloud 5G and Tech ETF 2.6 47 -12 6.5 -1.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.6 70 -35 3.2 -5.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.6 39 -4 12.8 +4.6
INDF Nifty India Financials ETF 2.6 75 -40 7.3 -1.0
FDT First Trust Developed Markets ex-US Alphadex Fund 2.5 80 -45 11.3 +3.1
GSFP Goldman Sachs Future Planet Equity ETF 2.5 75 -40 4.0 -4.2
GLIN VanEck India Growth Leaders ETF 2.5 82 -47 15.8 +7.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 2.5 35 0 10.3 +2.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 2.5 65 -30 5.6 -2.6
IBUY Amplify Online Retail ETF 2.4 65 -30 -4.6 -12.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.4 49 -14 20.0 +11.8
DGT SPDR Global Dow ETF 2.4 50 -15 8.4 +0.2
WDIV SPDR Global Dividend ETF 2.4 40 -5 11.8 +3.6
CHIK Global X MSCI China Information Technology ETF 2.4 65 -30 6.8 -1.4
VPN Global X Data Center REITs & Digital Infrastructure ETF 2.3 50 -15 5.8 -2.4
DWX SPDR S&P International Dividend ETF 2.3 45 -10 8.8 +0.6
JPIN JPMorgan Diversified Return International Equity ETF 2.2 37 -2 9.5 +1.3
ISHP First Trust S-Network E-Commerce ETF 2.2 60 -25 4.5 -3.7
OGIG O'Shares Global Internet Giants ETF 2.2 48 -13 0.5 -7.7
VPL Vanguard FTSE Pacific ETF 2.2 8 27 7.9 -0.3
FPXI First Trust International Equity Opportunities ETF 2.2 70 -35 -0.6 -8.8
CHIH Global X MSCI China Health Care ETF 2.2 65 -30 3.0 -5.2
KURE KraneShares MSCI All China Health Care Index ETF 2.2 65 -30 3.2 -5.0
IDV iShares International Select Dividend ETF 2.2 49 -14 16.3 +8.1
FID First Trust S&P International Dividend Aristocrats ETF 2.2 60 -25 11.5 +3.3
GENY Principal Millennials Index ETF 2.2 45 -10 6.7 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.2 12 23 10.5 +2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.2 70 -35 15.7 +7.5
BATT Amplify Lithium & Battery Technology ETF 2.1 59 -24 4.9 -3.3
AIQ Global X Future Analytics Tech ETF 2.1 68 -33 5.3 -2.9
BUYZ Franklin Disruptive Commerce ETF 2.1 50 -15 2.6 -5.6
EIDO iShares MSCI Indonesia ETF 2.1 57 -22 8.5 +0.3
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 -10 6.0 -2.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.1 46 -11 10.0 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 26 7.0 -1.2
EMFQ Amplify Emerging Markets FinTech ETF 2.0 69 -34 6.3 -1.9
KGRN KraneShares MSCI China Clean Technology Index ETF 2.0 78 -43 6.7 -1.5
CGV Conductor Global Equity Value ETF 2.0 128 -93 13.4 +5.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.9 57 -22 14.0 +5.8
SOCL Global X Social Media ETF 1.9 65 -30 -0.7 -8.9
KMED KraneShares Emerging Markets Healthcare Index ETF 1.9 81 -46 3.1 -5.1
XT iShares Exponential Technologies ETF 1.9 46 -11 3.8 -4.4
BTEK BlackRock Future Tech ETF 1.9 88 -53 0.8 -7.4
IPOS Renaissance International IPO ETF 1.9 80 -45 -35.9 -44.1
OND ProShares On-Demand ETF 1.9 58 -23 -5.5 -13.7
KBUY KraneShares CICC China Consumer Leaders Index ETF 1.9 68 -33 5.3 -2.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 1.8 45 -10 10.9 +2.7
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -40 8.0 -0.2
CHII Global X MSCI China Industrials ETF 1.8 66 -31 13.7 +5.5
EWM iShares MSCI Malaysia ETF 1.8 50 -15 7.5 -0.7
JSTC Adasina Social Justice All Cap Global ETF 1.8 89 -54 6.7 -1.5
RAYC Rayliant Quantamental China Equity ETF 1.7 80 -45 12.3 +4.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.7 61 -26 9.3 +1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -23 13.3 +5.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.6 24 11 8.9 +0.7
CHIU Global X MSCI China Utilities ETF 1.6 67 -32 10.4 +2.2
CIL VictoryShares International Volatility Weighted Index ETF 1.6 45 -10 7.9 -0.3
CHIM Global X MSCI China Materials ETF 1.5 66 -31 11.9 +3.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.5 86 -51 1.8 -6.5
FLHK Franklin FTSE Hong Kong ETF 1.5 9 26 6.7 -1.6
CRAK VanEck Oil Refiners ETF 1.5 59 -24 11.3 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 1.5 25 10 9.6 +1.4
CHNA Loncar China BioPharma ETF 1.5 79 -44 -5.7 -13.9
HAUZ Xtrackers International Real Estate ETF 1.5 10 25 9.3 +1.1
UAE iShares MSCI UAE Capped ETF 1.5 59 -24 7.5 -0.7
FPAG FPA Global Equity ETF 1.5 49 -14 6.8 -1.4
EYLD Cambria Emerging Shareholder Yield ETF 1.5 64 -29 15.5 +7.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.5 45 -10 4.8 -3.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.4 45 -10 2.2 -6.0
METV Roundhill Ball Metaverse ETF 1.4 59 -24 4.8 -3.4
JIG JPMorgan International Growth ETF 1.4 55 -20 5.2 -3.0
DINT Davis Select International ETF 1.4 64 -29 8.0 -0.2
DWLD Davis Select Worldwide ETF 1.4 62 -27 9.2 +1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -30 2.4 -5.8
ROBO Robo Global Robotics & Automation Index ETF 1.3 95 -60 3.4 -4.8
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -23 10.1 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.3 45 -10 9.2 +1.0
LIT Global X Lithium & Battery Tech ETF 1.3 75 -40 6.0 -2.2
CNXT VanEck ChiNext ETF 1.3 65 -30 3.9 -4.3
FM iShares MSCI Frontier and Select EM ETF 1.3 79 -44 11.6 +3.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.3 65 -30 16.8 +8.6
HFXI IQ 50 Percent Hedged FTSE International ETF 1.2 20 15 8.1 -0.1
BNGE First Trust S-Network Streaming and Gaming ETF 1.2 70 -35 0.7 -7.5
PEJ Invesco Dynamic Leisure & Entertainment ETF 1.2 55 -20 3.9 -4.3
TMFG Motley Fool Global Opportunities ETF 1.2 85 -50 4.5 -3.8
CHB Global X MSCI China Biotech Innovation ETF 1.2 67 -32 2.5 -5.7
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 -30 5.3 -2.9
MVPS Amplify Thematic All-Stars ETF 1.2 49 -14 2.1 -6.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.2 47 -12 5.6 -2.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.2 50 -15 3.7 -4.5
GLIF AGFiQ Global Infrastructure ETF 1.2 45 -10 6.2 -2.0
CHIS Global X MSCI China Consumer Staples ETF 1.2 65 -30 4.6 -3.6
VEGI iShares MSCI Global Agriculture Producers ETF 1.2 39 -4 9.0 +0.8
QINT American Century Quality Diversified International ETF 1.1 39 -4 9.6 +1.4
CGGO Capital Group Global Growth Equity ETF 1.1 47 -12 4.9 -3.3
NTZG Nuveen Global Net Zero Transition ETF 1.1 55 -20 6.1 -2.1
HAP VanEck Natural Resources ETF 1.1 49 -14 9.4 +1.2
IDRV iShares Self-driving EV & Tech ETF 1.1 47 -12 1.0 -7.2
CGUS Capital Group Core Equity ETF 1.1 33 2 6.7 -1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 1.0 7 28 8.0 -0.2
DWCR Arrow DWA Country Rotation ETF 1.0 111 -76 6.3 -1.9
ERTH Invesco MSCI Sustainable Future ETF 1.0 56 -21 4.4 -3.8
FCA First Trust China AlphaDEX Fund 1.0 80 -45 19.3 +11.1
OCEN IQ Clean Oceans ETF 1.0 45 -10 6.8 -1.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.0 85 -50 9.0 +0.8
IDX VanEck Indonesia Index ETF 1.0 57 -22 8.3 +0.1
CHIR Global X MSCI China Real Estate ETF 1.0 66 -31 24.9 +16.7
SCHF Schwab International Equity ETF 0.9 6 29 8.2 +0.0
QTUM Defiance Quantum ETF 0.9 40 -5 4.7 -3.5
TEMP JPMorgan Climate Change Solutions ETF 0.9 49 -14 4.6 -3.6
DUSA Davis Select U.S. Equity ETF 0.9 61 -26 10.3 +2.1
DGIN VanEck Digital India ETF 0.9 75 -40 0.3 -7.9
VEA Vanguard FTSE Developed Markets ETF 0.9 5 30 8.0 -0.2
DMAT Global X Disruptive Materials ETF 0.9 59 -24 9.5 +1.3
EPHE iShares MSCI Philippines ETF 0.9 57 -22 7.7 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 4 31 7.6 -0.6
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -35 10.3 +2.1
UPWD JPMorgan Social Advancement ETF 0.8 49 -14 6.7 -1.5
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 0.8 19 16 6.8 -1.4
SDIV Global X SuperDividend ETF 0.8 58 -23 19.7 +11.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.8 70 -35 6.6 -1.6
QAT iShares MSCI Qatar Capped ETF 0.7 59 -24 8.0 -0.2
EQOP Natixis U.S. Equity Opportunities ETF 0.7 85 -50 6.5 -1.7
KPOP KPOP and Korean Entertainment ETF 0.7 75 -40 -1.4 -9.6
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.7 65 -30 5.1 -3.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.7 59 -24 5.0 -3.2
LGLV SPDR Russell 1000 Low Volatility ETF 0.7 12 23 6.2 -2.0
JRNY ALPS Global Travel Beneficiaries ETF 0.7 65 -30 0.8 -7.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 -45 16.7 +8.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.7 68 -33 5.0 -3.2
RNDM First Trust Developed International Equity Select ETF 0.7 65 -30 7.1 -1.1
KFYP KraneShares CICC China Leaders 100 Index ETF 0.7 68 -33 17.4 +9.2
TUR iShares MSCI Turkey ETF 0.7 57 -22 24.5 +16.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 -4 -1.2 -9.4
PBD Invesco Global Clean Energy ETF 0.6 75 -40 -1.3 -9.5
MXI iShares Global Materials ETF 0.6 40 -5 8.3 +0.1
ROCI ROC ETF 0.6 49 -14 5.5 -2.7
JETS US Global Jets ETF 0.6 60 -25 -16.0 -24.2
KXI iShares Global Consumer Staples ETF 0.6 40 -5 5.7 -2.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 -14 6.2 -2.0
PGJ Invesco Golden Dragon China ETF 0.6 70 -35 4.5 -3.7
IWFH iShares Virtual Work and Life Multisector ETF 0.6 47 -12 -1.3 -9.5
EMIF iShares Emerging Markets Infrastructure ETF 0.6 60 -25 5.2 -3.0
ECH iShares MSCI Chile ETF 0.6 57 -22 12.4 +4.2
SIL Global X Silver Miners ETF 0.6 65 -30 2.3 -5.9
EPOL iShares MSCI Poland Capped ETF 0.6 57 -22 13.9 +5.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 -4 7.2 -1.0
IBLC iShares Blockchain and Tech ETF 0.5 47 -12 -29.5 -37.7
SETM Sprott Energy Transition Materials ETF 0.5 65 -30 5.4 -2.8
GCOW Pacer Global High Dividend ETF 0.5 60 -25 16.1 +7.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -45 12.5 +4.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.5 60 -25 13.6 +5.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.5 49 -14 5.5 -2.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 1 11.2 +3.0
RING iShares MSCI Global Gold Miners ETF 0.5 39 -4 6.2 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 -12 6.3 -1.9
DFNL Davis Select Financial ETF 0.5 62 -27 9.9 +1.7
GREK Global X FTSE Greece 20 ETF 0.5 56 -21 -6.2 -14.4
PLAT WisdomTree Modern Tech Platforms Fund 0.5 20 15 1.2 -7.0
GMET VanEck Green Metals ETF 0.5 59 -24 10.0 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -35 21.2 +13.0
FILL iShares MSCI Global Energy Producers ETF 0.4 39 -4 10.5 +2.3
SMOG VanEck Low Carbon Energy ETF 0.4 55 -20 3.4 -4.8
ESPO VanEck Video Gaming & eSports ETF 0.4 55 -20 7.2 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.4 45 -10 7.9 -0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -30 7.9 -0.3
GXG Global X MSCI Colombia ETF 0.3 61 -26 16.3 +8.1
REMX VanEck Rare Earth/Strategic Metals ETF 0.3 53 -18 8.6 +0.4
LITP Sprott Lithium Miners ETF 0.3 65 -30 8.7 +0.5
IDNA iShares Genomics Immunology & Healthcare ETF 0.3 47 -12 -8.3 -16.5
AQWA Global X Clean Water ETF 0.3 50 -15 5.1 -3.1
PIO Invesco Global Water ETF 0.3 75 -40 5.7 -2.5
BMED BlackRock Future Health ETF 0.3 85 -50 2.1 -6.1
GLCN VanEck China Growth Leaders ETF 0.3 60 -25 12.2 +4.0
CGW Invesco S&P Global Water Index ETF 0.3 57 -22 4.6 -3.6
IXJ iShares Global Healthcare ETF 0.3 40 -5 8.2 -0.0
MOO VanEck Agribusiness ETF 0.3 52 -17 9.0 +0.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 0.3 29 6 7.5 -0.7
EXI iShares Global Industrials ETF 0.3 40 -5 6.5 -1.7
INQQ India Internet & Ecommerce ETF 0.3 86 -51 3.0 -5.2
ARGT Global X MSCI Argentina ETF 0.3 59 -24 6.6 -1.6
IQSI IQ Candriam ESG International Equity ETF 0.3 15 20 7.8 -0.4
BYOB SoFi Be Your Own Boss ETF 0.3 59 -24 -3.2 -11.4
MDEV First Trust Indxx Medical Devices ETF 0.3 70 -35 3.5 -4.7
FDHT Fidelity Digital Health ETF 0.3 39 -4 0.2 -8.0
EDOC Global X Telemedicine & Digital Health ETF 0.3 68 -33 -6.0 -14.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -30 6.1 -2.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 15 7.9 -0.3
SFYF SoFi 50 ETF 0.3 29 6 -7.9 -16.1
TRFM AAM Transformers ETF 0.3 49 -14 2.0 -6.2
PBW Invesco WilderHill Clean Energy ETF 0.3 61 -26 -7.9 -16.1
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 0.3 35 0 3.5 -4.8
HAIL SPDR S&P Kensho Smart Mobility ETF 0.3 45 -10 -5.4 -13.6
MEME Roundhill MEME ETF 0.3 69 -34 -4.1 -12.3
GAMR ETFMG Video Game Tech ETF 0.3 75 -40 7.0 -1.2
CUT Invesco MSCI Global Timber ETF 0.3 60 -25 9.8 +1.6
WOOD iShares Global Timber & Forestry ETF 0.3 40 -5 11.3 +3.1
SNSR Global X Internet of Things Thematic ETF 0.2 68 -33 5.0 -3.2
IGF iShares Global Infrastructure ETF 0.2 40 -5 4.8 -3.4
GII SPDR S&P Global Infrastructure ETF 0.2 40 -5 4.8 -3.4
VR Global X Metaverse ETF 0.2 50 -15 6.7 -1.5
USVT US Value ETF 0.2 49 -14 12.8 +4.6
CVY Invesco Zacks Multi-Asset Income ETF 0.2 100 -65 13.6 +5.4
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 0.2 60 -25 6.5 -1.7
EPU iShares MSCI All Peru Capped ETF 0.2 57 -22 5.6 -2.6
WUGI AXS Esoterica NextG Economy ETF 0.2 75 -40 3.6 -4.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 0.2 50 -15 19.5 +11.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -35 6.2 -2.1
HERO Global X Video Games & Esports ETF 0.2 50 -15 10.4 +2.2
FMET Fidelity Metaverse ETF 0.2 39 -4 5.7 -2.5
ICLN iShares Global Clean Energy ETF 0.2 40 -5 3.6 -4.6
KOMP SPDR Kensho New Economies Composite ETF 0.2 20 15 -1.3 -9.5
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.2 35 0 13.6 +5.4
MRAD SmartETFs Advertising & Marketing Technology ETF 0.2 68 -33 5.2 -3.0
QGRO American Century STOXX U.S. Quality Growth ETF 0.2 29 6 7.2 -1.0
SEA U.S. Global Sea to Sky Cargo ETF 0.2 60 -25 31.5 +23.3
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -75 8.7 +0.4
BKIE BNY Mellon International Equity ETF 0.2 4 31 8.4 +0.2
JIDA JPMorgan ActiveBuilders International Equity ETF 0.1 25 10 7.6 -0.6
JXI iShares Global Utilities ETF 0.1 40 -5 6.4 -1.8
ESG FlexShares STOXX US ESG Impact Index Fund 0.1 32 3 6.6 -1.6
IDHQ Invesco S&P International Developed Quality ETF 0.1 29 6 8.3 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -4 8.6 +0.4
SUPL ProShares Supply Chain Logistics ETF 0.1 58 -23 16.3 +8.1
VDNI V-Shares US Leadership Diversity ETF 0.1 29 6 6.8 -1.4
IQSU IQ Candriam ESG US Equity ETF 0.1 9 26 6.3 -1.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.1 42 -7 7.1 -1.1
COPX Global X Copper Miners ETF 0.1 65 -30 8.1 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 28 6.9 -1.3
IPO Renaissance IPO ETF 0.1 60 -25 -49.6 -57.8
XITK SPDR FactSet Innovative Technology ETF 0.1 45 -10 0.2 -8.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -24 2.9 -5.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.1 68 -33 0.6 -7.6
SCHC Schwab International Small-Cap Equity ETF 0.1 11 24 6.6 -1.6
IXC iShares Global Energy ETF 0.1 40 -5 9.5 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -4 9.0 +0.8
VGK Vanguard FTSE Europe ETF 0.1 8 27 7.8 -0.4
SPEU SPDR Portfolio Europe ETF 0.1 9 26 7.6 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 28 6.7 -1.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 25 7.0 -1.2
STRV Strive 500 ETF 0.1 5 30 6.6 -1.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 26 8.0 -0.2
CHIE Global X MSCI China Energy ETF 0.1 67 -32 16.0 +7.8
FLEE Franklin FTSE Europe ETF 0.1 9 26 8.0 -0.3
FLEH Franklin FTSE Europe Hedged ETF 0.1 9 26 8.2 -0.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 6.7 -1.6
ONLN ProShares Online Retail ETF 0.1 58 -23 -11.3 -19.5
EBIZ Global X E-Commerce ETF 0.1 50 -15 0.8 -7.4
PNQI Invesco NASDAQ Internet ETF 0.1 60 -25 3.4 -4.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.1 35 0 7.8 -0.4
RVRB Reverb ETF 0.1 30 5 6.7 -1.5
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 8.8 +0.6
WNDY Global X Wind Energy ETF 0.1 50 -15 4.1 -4.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.1 63 -28 5.1 -3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -4 8.3 +0.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 60 -25 2.9 -5.3
MOTO SmartETFs Smart Transportation & Technology ETF 0.1 68 -33 7.7 -0.5
BOUT Innovator IBD Breakout Opportunities ETF 0.1 80 -45 7.0 -1.2
KSTR KraneShares SSE STAR Market 50 Index ETF 0.0 88 -53 2.2 -6.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.0 25 10 8.3 +0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 10 8.2 +0.0
WKLY SoFi Weekly Dividend ETF 0.0 49 -14 9.4 +1.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 6.5 -1.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.0 60 -25 -26.0 -34.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 14 4.7 -3.5
EDUT Global X Education ETF 0.0 50 -15 1.8 -6.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.0 23 12 9.6 +1.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.0 47 -12 5.3 -2.9

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Nuveen ESG Emerging Markets Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.38 CATEGORY
AVERAGE		 1.40
 
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.