ETF Research Center

Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF

ALTAR
Score™

8.0%

Recommen-
dation

NEUTRAL

2025E 2026E
P/E ratio	11.8x	P/Sales ratio	0.7x
P/BV ratio	1.0x	Div. yield	3.6%

Description
Performance
Comps
Fundamentals
Valuation
Rating

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio seeks investment results that correspond to the price and yield of the FTSE RAFI Developed Markets ex-U.S. Small-Mid Index

FUND BASICS
Category	International Equities
Fund Sponsor	Invesco
Website	www.invesco.com
Inception date	Sep 27, 2007
Assets (mns)	$367
Currency	USD
Expense ratio	49 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Bank of New York Mellon
Weighting	Fundamental
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	1704
Wgt avg mkt cap (mns)	$4,927
Large cap (>$10bn)	9.1%
Mid cap ($2-10bn)	49.2%
Small cap (<$2bn)	41.5%
Developed mkts	91.0%
Emerging mkts	9.0%

TOP TEN HOLDINGS
Total	5.9 %
FILTRONA PLC	2.9 %
SAMSUNG TECHWIN CO LTD	0.5 %
DOOSAN CORP	0.5 %
AAC TECHNOLOGIES HOLDINGS INC.	0.4 %
AUTO1 GROUP SE	0.4 %
ASICS CORP	0.3 %
IAMGOLD CORP	0.3 %
PAN AMERICAN SILVER CORP	0.3 %
BUZZI UNICEM S.P.A.	0.3 %
ALAMOS GOLD INC.	0.2 %

TOP COUNTRY EXPOSURE
	JAPAN	31.1 %
	BRITAIN	8.4 %
	CANADA	8.2 %
	SOUTH KOREA	7.4 %
	AUSTRALIA	5.4 %
	SWEDEN	3.6 %
	FRANCE	3.2 %
	SWITZERLAND	3.2 %
	GERMANY	3.0 %
	ITALY	2.6 %

Standardized Annual Returns (thru February 28)
Year-to-date	1 year	5 years	10 years	Since Incep.
4.9%	7.1%	6.4%	4.4%	4.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.86	68%
MSCI EAFE	1.01	95%
MSCI Emg. Mkts.	0.86	69%

Technical Indicators
Recent close	$30.95
30d moving avg.	$33.96
Annualized volatility	17.9%
Short interest (ETF)	0.1%
Relative strength (RSI)	52

Liquidity measures
Avg. volume (thou.)	23
Turnover	0.2%
Bid/Ask (% of price)	0.18%
ADV underlying (mns)	$12,405

FINDING ALTERNATIVE FUNDS

Below is a list of 621 potential alternatives to the Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF ETF based on the alternatives' overlap in portfolio holdings with PDN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

PDN

Expense:

49 bp

ALTAR Score™:

8.0%

ALTERNATIVE ETFs BASED ON OVERLAP WITH PDN
Ticker	Fund Name	Overlap¹ vs PDN (%)	Expense ratio (bp)	Savings vs PDN (bp)	ALTAR Score™ (%)	ALTAR vs PDN (%)
FNDC	Schwab Fundamental International Small Co. Index ETF	54.2	39	10	6.8	-1.2
SCZ	iShares MSCI EAFE Small-Cap ETF	41.6	40	9	8.1	+0.1
SCHC	Schwab International Small-Cap Equity ETF	38.2	11	38	7.7	-0.3
DFIS	Dimensional International Small Cap ETF	37.1	39	10	8.6	+0.6
GWX	SPDR S&P International Small Cap ETF	31.9	40	9	7.3	-0.7
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	31.1	7	42	7.6	-0.4
SCJ	iShares MSCI Japan Small-Cap ETF	28.4	50	-1	7.3	-0.7
DISV	Dimensional International Small Cap Value ETF	26.4	42	7	10.7	+2.7
DLS	WisdomTree International SmallCap Dividend Fund	26.2	58	-9	9.7	+1.7
AVDV	Avantis International Small Cap Value ETF	25.3	36	13	12.2	+4.2
IEUS	iShares MSCI Europe Small-Cap ETF	23.5	42	7	7.8	-0.2
ISCF	iShares International SmallCap Equity Factor ETF	22.7	23	26	9.4	+1.4
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	20.4	39	10	9.2	+1.2
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	17.5	80	-31	13.0	+5.0
DFJ	WisdomTree Japan SmallCap Dividend Fund	16.1	58	-9	9.0	+1.0
DXJS	WisdomTree Japan Hedged SmallCap Equity Fund	16.1	58	-9	8.5	+0.5
DFIC	Dimensional International Core Equity 2 ETF	16.0	23	26	8.7	+0.7
DIM	WisdomTree International MidCap Dividend Fund	15.3	58	-9	8.4	+0.4
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	15.1	24	25	6.9	-1.2
DFSI	Dimensional International Sustainability Core 1 ETF	14.3	24	25	7.2	-0.8
AVSD	Avantis Responsible International Equity ETF	14.1	23	26	7.5	-0.5
VPL	Vanguard FTSE Pacific ETF	13.4	8	41	8.4	+0.4
AVDE	Avantis International Equity ETF	12.7	23	26	8.8	+0.7
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	12.1	30	19	9.4	+1.4
IPAC	iShares Core MSCI Pacific ETF	12.0	9	40	7.9	-0.1
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	11.0	39	10	7.5	-0.5
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	11.0	40	9	8.3	+0.3
DWM	WisdomTree International Equity Fund	10.7	48	1	8.4	+0.4
VEA	Vanguard FTSE Developed Markets ETF	10.0	5	44	8.2	+0.2
IDEV	iShares Core MSCI International Developed Markets ETF	9.7	4	45	8.0	+0.0
DFE	WisdomTree Europe SmallCap Dividend Fund	9.6	58	-9	9.2	+1.2
DFAI	Dimensional International Core Equity Market ETF	9.5	18	31	8.3	+0.3
IEFA	iShares Core MSCI EAFE ETF	9.3	7	42	8.1	+0.0
DTH	WisdomTree International High Dividend Fund	8.9	58	-9	9.9	+1.9
DXJ	WisdomTree Japan Hedged Equity Fund	8.9	48	1	9.7	+1.7
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	8.9	10	39	7.9	-0.2
VNQI	Vanguard Global ex-U.S. Real Estate ETF	8.6	12	37	8.0	+0.0
VSGX	Vanguard ESG International Stock ETF	8.2	12	37	8.9	+0.9
SPDW	SPDR Portfolio Developed World ex-US ETF	8.2	3	46	8.2	+0.2
FLJP	Franklin FTSE Japan ETF	8.1	9	40	7.7	-0.3
IXUS	iShares Core MSCI Total International Stock ETF	8.1	7	42	9.0	+1.0
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	8.0	58	-9	10.0	+1.9
FLJH	Franklin FTSE Japan Hedged ETF	7.9	9	40	7.6	-0.4
JPIN	J.P. Morgan Diversified Return International Equity ETF	7.9	37	12	9.6	+1.5
VGK	Vanguard FTSE Europe ETF	7.7	11	38	8.1	+0.1
IFGL	iShares International Developed Real Estate ETF	7.7	48	1	6.6	-1.5
SPEU	SPDR Portfolio Europe ETF	7.6	7	42	8.1	+0.1
JPXN	iShares JPX-Nikkei 400 ETF	7.4	48	1	8.3	+0.3
VXUS	Vanguard Total International Stock ETF	7.3	7	42	9.0	+1.0
ERET	iShares Environmentally Aware Real Estate ETF	7.1	30	19	3.3	-4.7
IEUR	iShares Core MSCI Europe ETF	7.1	11	38	8.1	+0.1
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	6.7	58	-9	7.8	-0.2
IQDG	WisdomTree International Quality Dividend Growth Fund	6.5	42	7	7.9	-0.1
EWUS	iShares MSCI United Kingdom Small Cap ETF	6.2	59	-10	8.1	+0.1
INTF	iShares International Equity Factor ETF	5.9	15	34	9.0	+1.0
EUDG	WisdomTree Europe Quality Dividend Growth Fund	5.9	58	-9	7.0	-1.0
SCHF	Schwab International Equity ETF	5.7	6	43	8.4	+0.4
FLKR	Franklin FTSE South Korea ETF	5.5	9	40	11.9	+3.9
REET	iShares Global REIT ETF	5.5	14	35	3.6	-4.4
AVIV	Avantis International Large Cap Value ETF	5.3	25	24	10.2	+2.2
CCNR	ALPS CoreCommodity Natural Resources ETF	5.3	39	10	12.6	+4.6
RWX	SPDR Dow Jones International Real Estate ETF	5.3	59	-10	6.1	-1.9
DFGR	Dimensional Global Real Estate ETF	5.1	22	27	3.4	-4.6
RWO	SPDR Dow Jones Global Real Estate ETF	5.1	50	-1	3.1	-4.9
DIHP	Dimensional International High Profitability ETF	4.9	29	20	8.0	+0.0
IGRO	iShares International Dividend Growth ETF	4.8	15	34	7.8	-0.2
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	4.7	80	-31	11.1	+3.1
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	4.6	45	4	7.4	-0.7
QINT	American Century Quality Diversified International ETF	4.5	39	10	8.4	+0.4
AVRE	Avantis Real Estate ETF	4.4	17	32	3.5	-4.5
EEMS	iShares MSCI Emerging Markets Small Cap ETF	4.4	70	-21	8.4	+0.4
VEU	Vanguard FTSE All-World ex-US Index Fund	4.4	8	41	9.2	+1.2
JSTC	Adasina Social Justice All Cap Global ETF	4.1	89	-40	5.0	-3.0
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	4.0	41	8	10.1	+2.1
VIGI	Vanguard International Dividend Appreciation ETF	4.0	15	34	6.7	-1.3
IPKW	Invesco International BuyBack Achievers ETF	4.0	55	-6	17.3	+9.3
FEP	First Trust Europe AlphaDEX Fund	3.9	80	-31	10.4	+2.4
EFG	iShares MSCI EAFE Growth ETF	3.9	36	13	5.0	-3.1
AVEM	Avantis Emerging Markets Equity ETF	3.9	33	16	10.5	+2.5
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	3.9	12	37	6.7	-1.3
GSIE	Goldman Sachs ActiveBeta International Equity ETF	3.9	25	24	8.2	+0.2
HFXI	IQ FTSE International Equity Currency Neutral ETF	3.9	20	29	8.1	+0.1
AVES	Avantis Emerging Markets Value ETF	3.8	36	13	13.1	+5.1
DMXF	iShares ESG Advanced MSCI EAFE ETF	3.8	12	37	6.3	-1.7
FDEV	Fidelity International Multifactor ETF	3.7	18	31	8.2	+0.2
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	3.7	58	-9	10.8	+2.8
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	3.6	42	7	7.4	-0.6
IQSI	IQ Candriam International Equity ETF	3.6	15	34	7.3	-0.8
VIDI	Vident International Equity Strategy ETF	3.6	61	-12	13.1	+5.1
BKIE	BNY Mellon International Equity ETF	3.6	4	45	8.0	+0.0
VGSR	Vert Global Sustainable Real Estate ETF	3.5	47	2	3.1	-4.9
GSID	Goldman Sachs MarketBeta International Equity ETF	3.5	20	29	7.8	-0.2
CIL	VictoryShares International Volatility Wtd ETF	3.4	45	4	7.5	-0.5
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	3.4	29	20	8.8	+0.8
QEFA	SPDR MSCI EAFE StrategicFactors ETF	3.3	30	19	7.8	-0.2
FLEE	Franklin FTSE Europe ETF	3.3	9	40	7.6	-0.4
TPIF	Timothy Plan International ETF	3.3	62	-13	7.1	-0.9
EWY	iShares MSCI South Korea ETF	3.2	58	-9	11.2	+3.2
IMFL	Invesco International Developed Dynamic Multifactor ETF	3.2	34	15	6.6	-1.4
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	3.1	38	11	10.7	+2.7
IDHQ	Invesco S&P International Developed High Quality ETF	3.1	29	20	7.2	-0.8
DEHP	Dimensional Emerging Markets High Profitability ETF	3.0	41	8	7.1	-0.9
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	3.0	25	24	7.9	-0.1
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	2.9	18	31	8.8	+0.8
GQRE	FlexShares Global Quality Real Estate Index Fund	2.9	45	4	4.5	-3.6
FLAU	Franklin FTSE Australia ETF	2.9	9	40	7.2	-0.9
FLAX	Franklin FTSE Asia Ex Japan ETF	2.9	19	30	11.7	+3.7
EFAX	SPDR MSCI EAFE Fossil Fuel Free ETF	2.9	20	29	7.3	-0.8
IQLT	iShares MSCI Intl Quality Factor ETF	2.8	30	19	6.9	-1.1
DFAE	Dimensional Emerging Core Equity Market ETF	2.8	35	14	11.0	+3.0
EFA	iShares MSCI EAFE ETF	2.7	35	14	7.7	-0.3
VT	Vanguard Total World Stock ETF	2.7	7	42	7.1	-1.0
EFAV	iShares MSCI EAFE Min Vol Factor ETF	2.7	22	27	6.0	-2.0
ACWX	iShares MSCI ACWI ex U.S. ETF	2.6	34	15	8.9	+0.9
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	2.6	36	13	7.6	-0.4
XC	WisdomTree Emerging Markets Ex-China Fund	2.6	32	17	6.0	-2.0
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	2.6	59	-10	14.7	+6.7
CGV	Conductor Global Equity Value ETF	2.6	130	-81	10.0	+2.0
IMTM	iShares MSCI Intl Momentum Factor ETF	2.6	30	19	6.2	-1.8
IEMG	iShares Core MSCI Emerging Markets ETF	2.5	9	40	11.8	+3.8
COPY	Tweedy, Browne Insider + Value ETF	2.5	80	-31	14.0	+6.0
FKU	First Trust United Kingdom AlphaDEX Fund	2.5	80	-31	8.6	+0.6
FYLD	Cambria Foreign Shareholder Yield ETF	2.4	59	-10	13.9	+5.9
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	2.4	41	8	7.9	-0.2
JHMD	John Hancock Multifactor Developed International ETF	2.4	39	10	8.5	+0.5
GLOF	iShares Global Equity Factor ETF	2.4	20	29	7.7	-0.3
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	2.3	46	3	7.5	-0.6
IDLV	Invesco S&P International Developed Low Volatility ETF	2.3	25	24	6.6	-1.4
TTAI	FCF International Quality ETF	2.3	59	-10	6.9	-1.1
EMXC	iShares MSCI Emerging Markets ex China ETF	2.3	25	24	8.6	+0.6
FLHK	Franklin FTSE Hong Kong ETF	2.3	9	40	7.5	-0.5
BBEU	JPMorgan BetaBuilders Europe ETF	2.3	9	40	7.9	-0.1
DIVI	Franklin International Core Dividend Tilt Index ETF	2.2	9	40	9.0	+1.0
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	2.2	50	-1	12.4	+4.4
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	2.2	32	17	10.5	+2.4
DFEV	Dimensional Emerging Markets Value ETF	2.2	43	6	15.6	+7.6
PICK	iShares MSCI Global Metals & Mining Producers ETF	2.2	39	10	16.4	+8.4
NANR	SPDR S&P North American Natural Resources ETF	2.2	35	14	9.8	+1.8
IPAV	Global X Infrastructure Development ex-U.S. ETF	2.2	55	-6	4.9	-3.1
HEDJ	WisdomTree Europe Hedged Equity Fund	2.2	58	-9	7.3	-0.8
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	2.2	80	-31	5.4	-2.6
GINN	Goldman Sachs Innovate Equity ETF	2.2	52	-3	5.0	-3.0
UIVM	VictoryShares International Value Momentum ETF	2.2	35	14	10.2	+2.2
EMGF	iShares Emerging Markets Equity Factor ETF	2.2	25	24	13.4	+5.4
FNDF	Schwab Fundamental International Large Co. Index ETF	2.2	25	24	11.1	+3.1
DFIV	Dimensional International Value ETF	2.2	27	22	11.5	+3.5
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	2.1	20	29	7.4	-0.6
FEUZ	First Trust Eurozone AlphaDEX ETF	2.1	80	-31	10.2	+2.2
DWMF	WisdomTree International Multifactor Fund	2.1	38	11	7.3	-0.7
RFDI	First Trust Riverfront Dynamic Developed International ETF	2.0	83	-34	11.1	+3.1
KNO	AXS Knowledge Leaders ETF	2.0	78	-29	6.8	-1.3
ENOR	iShares MSCI Norway ETF	2.0	53	-4	11.6	+3.6
NORW	Global X MSCI Norway ETF	2.0	50	-1	11.6	+3.6
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free ETF	2.0	30	19	11.5	+3.5
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	2.0	45	4	11.9	+3.9
JHEM	John Hancock Multifactor Emerging Markets ETF	2.0	49	0	11.4	+3.4
SGDM	Sprott Gold Miners ETF	2.0	50	-1	5.1	-2.9
AAXJ	iShares MSCI All Country Asia ex Japan ETF	1.9	70	-21	10.7	+2.7
GOEX	Global X Gold Explorers ETF	1.9	65	-16	5.1	-2.9
EMXF	iShares ESG Advanced MSCI EM ETF	1.9	16	33	9.1	+1.1
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	1.9	36	13	12.1	+4.1
VYMI	Vanguard International High Dividend Yield ETF	1.9	22	27	10.9	+2.8
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	1.8	14	35	6.6	-1.4
RING	iShares MSCI Global Gold Miners ETF	1.8	39	10	6.4	-1.6
EEM	iShares MSCI Emerging Markets ETF	1.8	69	-20	11.7	+3.7
BKEM	BNY Mellon Emerging Markets Equity ETF	1.8	11	38	12.9	+4.8
IDV	iShares International Select Dividend ETF	1.8	51	-2	12.5	+4.5
EEMA	iShares MSCI Emerging Markets Asia ETF	1.8	49	0	11.7	+3.6
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	1.8	66	-17	11.0	+3.0
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	1.8	33	16	11.6	+3.6
ESGD	iShares ESG Aware MSCI EAFE ETF	1.8	20	29	7.8	-0.2
FGD	First Trust Dow Jones Global Select Dividend Index Fund	1.7	56	-7	13.6	+5.6
EIS	iShares MSCI Israel ETF	1.7	58	-9	9.3	+1.3
FID	First Trust S&P International Dividend Aristocrats ETF	1.7	60	-11	9.5	+1.5
WDIV	SPDR S&P Global Dividend ETF	1.7	40	9	10.2	+2.2
LDEM	iShares ESG MSCI EM Leaders ETF	1.7	17	32	13.9	+5.8
ERTH	Invesco MSCI Sustainable Future ETF	1.7	62	-13	2.7	-5.3
BBJP	JPMorgan BetaBuilders Japan ETF	1.7	19	30	8.4	+0.4
DGRE	WisdomTree Emerging Markets Quality Dividend Growth Fund	1.6	32	17	7.6	-0.4
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	1.6	47	2	6.0	-2.0
IDMO	Invesco S&P International Developed Momentum ETF	1.6	25	24	6.4	-1.6
BBAX	JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF	1.6	19	30	7.0	-1.0
FPA	First Trust Asia Pacific ex-Japan AlphaDEX Fund	1.6	80	-31	10.6	+2.6
ISRA	VanEck Israel ETF	1.6	59	-10	8.5	+0.5
SHPP	Pacer Industrials and Logistics ETF	1.6	60	-11	5.7	-2.3
RODE	Hartford Multifactor Diversified International ETF	1.6	29	20	10.6	+2.6
EZU	iShares MSCI Eurozone ETF	1.6	52	-3	7.4	-0.6
SHLD	Global X Defense Tech ETF	1.6	50	-1	4.2	-3.8
AUMI	Themes Gold Miners ETF	1.5	35	14	6.2	-1.8
CRBN	iShares MSCI ACWI Low Carbon Target ETF	1.5	20	29	7.0	-1.0
DVYA	iShares Asia/Pacific Dividend ETF	1.5	49	0	9.9	+1.9
BLES	Inspire Global Hope ETF	1.5	61	-12	7.6	-0.4
WWJD	Inspire International ETF	1.5	80	-31	8.3	+0.3
CEFA	Global X S&P Catholic Values Developed ex-US ETF	1.5	35	14	6.4	-1.6
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	1.5	15	34	11.6	+3.6
FPXE	First Trust IPOX Europe Equity Opportunities ETF	1.5	70	-21	5.1	-2.9
IQRA	IQ CBRE Real Assets ETF	1.5	65	-16	2.9	-5.1
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.5	12	37	5.7	-2.4
EDEN	iShares MSCI Denmark ETF	1.4	53	-4	7.6	-0.4
EWJ	iShares MSCI Japan ETF	1.4	50	-1	8.0	-0.1
NUEM	Nuveen ESG Emerging Markets Equity ETF	1.4	36	13	8.7	+0.7
LVHI	Franklin International Low Volatility High Dividend Index ET	1.4	40	9	11.9	+3.9
DBJP	Xtrackers MSCI Japan Hedged Equity ETF	1.4	47	2	8.2	+0.2
ESGG	FlexShares STOXX Global ESG Select Index Fund	1.4	42	7	5.8	-2.3
PBD	Invesco Global Clean Energy ETF	1.4	75	-26	0.5	-7.5
EPOL	iShares MSCI Poland ETF	1.4	59	-10	13.3	+5.3
CWI	SPDR MSCI ACWI ex-US ETF	1.4	30	19	8.9	+0.9
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	1.4	15	34	9.3	+1.3
EEMO	Invesco S&P Emerging Markets Momentum ETF	1.3	29	20	6.7	-1.3
DWX	SPDR S&P International Dividend ETF	1.3	45	4	6.8	-1.3
XT	iShares Exponential Technologies ETF	1.3	46	3	6.2	-1.8
OCEN	IQ Clean Oceans ETF	1.3	45	4	6.2	-1.8
EWK	iShares MSCI Belgium ETF	1.3	50	-1	4.8	-3.2
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	1.3	60	-11	4.7	-3.3
IEV	iShares Europe ETF	1.3	67	-18	7.6	-0.4
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	1.3	80	-31	5.9	-2.1
NUDM	Nuveen ESG International Developed Markets Equity ETF	1.3	31	18	7.3	-0.7
IMOM	Alpha Architect International Quantitative Momentum ETF	1.3	49	0	5.4	-2.6
GSJY	Goldman Sachs ActiveBeta Japan Equity ETF	1.3	25	24	8.3	+0.3
GDXJ	VanEck Junior Gold Miners ETF	1.2	52	-3	5.5	-2.5
GGME	Invesco Next Gen Media and Gaming ETF	1.2	60	-11	5.7	-2.3
FSZ	First Trust Switzerland AlphaDEX Fund	1.2	80	-31	5.5	-2.5
ACWV	iShares MSCI Global Min Vol Factor ETF	1.2	20	29	8.0	-0.0
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	1.2	46	3	5.2	-2.8
GVAL	Cambria Global Value ETF	1.2	68	-19	12.2	+4.2
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	1.2	24	25	9.0	+1.0
EPP	iShares MSCI Pacific ex-Japan ETF	1.2	47	2	6.4	-1.6
EWN	iShares MSCI Netherlands ETF	1.2	50	-1	6.4	-1.6
FILL	iShares MSCI Global Energy Producers ETF	1.2	39	10	13.3	+5.3
ROAM	Hartford Multifactor Emerging Markets ETF	1.2	44	5	12.2	+4.2
FLSW	Franklin FTSE Switzerland ETF	1.1	9	40	6.5	-1.5
FDEM	Fidelity Emerging Markets Multifactor ETF	1.1	25	24	14.3	+6.3
QWLD	SPDR MSCI World StrategicFactors ETF	1.1	30	19	6.5	-1.5
SGDJ	Sprott Junior Gold Miners ETF	1.1	50	-1	6.1	-1.9
OAIM	OneAscent International Equity ETF	1.1	95	-46	6.8	-1.2
SMOG	VanEck Low Carbon Energy ETF	1.1	61	-12	1.7	-6.3
FENI	Fidelity Enhanced International ETF	1.1	28	21	7.7	-0.3
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	1.1	65	-16	13.4	+5.4
SDG	iShares MSCI Global Sustainable Development Goals ETF	1.0	49	0	6.4	-1.6
FLGR	Franklin FTSE Germany ETF	1.0	9	40	7.4	-0.6
EWC	iShares MSCI Canada ETF	1.0	50	-1	7.2	-0.8
AGNG	Global X Aging Population ETF	1.0	50	-1	4.5	-3.5
AIVI	WisdomTree International AI Enhanced Value Fund	1.0	58	-9	8.1	+0.1
DEW	WisdomTree Global High Dividend Fund	1.0	58	-9	8.5	+0.4
VEGI	iShares MSCI Agriculture Producers ETF	1.0	39	10	9.5	+1.5
SLVP	iShares MSCI Global Silver Miners ETF	1.0	39	10	6.8	-1.2
FJP	First Trust Japan AlphaDEX Fund	1.0	80	-31	11.6	+3.6
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	1.0	25	24	7.1	-1.0
ICLN	iShares Global Clean Energy ETF	1.0	41	8	6.6	-1.4
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	1.0	65	-16	4.6	-3.5
STXE	Strive Emerging Markets Ex-China ETF	1.0	32	17	8.8	+0.7
GDX	VanEck Gold Miners ETF	1.0	51	-2	5.0	-3.0
ACWI	iShares MSCI ACWI ETF	1.0	32	17	6.8	-1.2
EMMF	WisdomTree Emerging Markets Multifactor Fund	0.9	48	1	8.4	+0.4
FDNI	First Trust Dow Jones International Internet ETF	0.9	65	-16	21.9	+13.9
DOL	WisdomTree International LargeCap Dividend Fund	0.9	48	1	8.1	+0.1
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	0.9	30	19	10.0	+2.0
EUFN	iShares MSCI Europe Financials ETF	0.9	51	-2	9.6	+1.6
EFAD	ProShares MSCI EAFE Dividend Growers ETF	0.9	50	-1	6.2	-1.8
NERD	Roundhill Video Games ETF	0.9	50	-1	4.3	-3.8
EWD	iShares MSCI Sweden ETF	0.9	54	-5	6.3	-1.7
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	0.9	32	17	6.4	-1.6
DTRE	First Trust Alerian Disruptive Technology Real Estate ETF	0.9	60	-11	2.7	-5.3
CUT	Invesco MSCI Global Timber ETF	0.9	61	-12	9.9	+1.9
HERO	Global X Video Games & Esports ETF	0.9	50	-1	5.0	-3.0
EFV	iShares MSCI EAFE Value ETF	0.9	34	15	10.3	+2.3
GII	SPDR S&P Global Infrastructure ETF	0.9	40	9	5.2	-2.8
IGF	iShares Global Infrastructure ETF	0.9	41	8	5.2	-2.8
DEM	WisdomTree Emerging Markets High Dividend Fund	0.9	63	-14	14.5	+6.5
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.9	45	4	0.0	-8.0
LST	Leuthold Select Industries ETF	0.9	91	-42	6.9	-1.2
INDS	Pacer Industrial Real Estate ETF	0.9	55	-6	4.3	-3.7
DTAN	Sparkline International Intangible Value ETF	0.9	55	-6	8.0	+0.0
FRNW	Fidelity Clean Energy ETF	0.9	39	10	4.5	-3.5
FLGB	Franklin FTSE United Kingdom ETF	0.9	9	40	8.7	+0.7
FTHF	First Trust Emerging Markets Human Flourishing ETF	0.8	75	-26	10.8	+2.7
HART	IQ Healthy Hearts ETF	0.8	45	4	7.1	-0.9
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	0.8	47	2	9.8	+1.8
FRDM	Freedom 100 Emerging Markets ETF	0.8	49	0	10.0	+1.9
BLLD	JPMorgan Sustainable Infrastructure ETF	0.8	49	0	4.8	-3.2
XCEM	Columbia EM Core ex-China ETF	0.8	16	33	9.2	+1.2
CRTC	Xtrackers US National Critical Technologies ETF	0.8	35	14	6.0	-2.1
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.8	85	-36	8.0	-0.0
IQDF	FlexShares International Quality Dividend Index Fund	0.8	47	2	10.4	+2.4
SAGP	Strategas Global Policy Opportunities ETF	0.8	65	-16	5.7	-2.3
ESGE	iShares ESG Aware MSCI EM ETF	0.8	25	24	11.6	+3.6
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	0.8	9	40	9.8	+1.8
URTH	iShares MSCI World ETF	0.8	24	25	6.2	-1.9
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.8	9	40	6.6	-1.4
SDIV	Global X Superdividend ETF	0.8	58	-9	15.4	+7.4
XCNY	SPDR S&P Emerging Markets ex-China ETF	0.8	15	34	0.0	-8.0
NATO	Themes Transatlantic Defense ETF	0.8	35	14	3.6	-4.4
EWQ	iShares MSCI France ETF	0.7	53	-4	7.6	-0.4
EFRA	iShares Environmental Infrastructure and Industrials ETF	0.7	47	2	4.7	-3.3
CLNR	IQ Cleaner Transport ETF	0.7	45	4	8.1	+0.1
AGMI	Themes Silver Miners ETF	0.7	35	14	3.6	-4.4
TOK	iShares MSCI Kokusai ETF	0.7	26	23	5.6	-2.4
FAN	First Trust Global Wind Energy ETF	0.7	60	-11	5.7	-2.3
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	0.7	58	-9	6.1	-1.9
KOKU	Xtrackers MSCI Kokusai Equity ETF	0.7	9	40	6.2	-1.8
RFEU	First Trust Riverfront Dynamic Europe ETF	0.7	83	-34	10.9	+2.9
SILJ	ETFMG Prime Junior Silver Miners ETF	0.7	69	-20	3.2	-4.8
JETS	U.S. Global Jets ETF	0.7	60	-11	4.9	-3.1
ROBO	ROBO Global Robotics & Automation Index ETF	0.7	95	-46	4.7	-3.3
BBCA	JPMorgan BetaBuilders Canada ETF	0.7	19	30	7.4	-0.6
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.7	70	-21	9.6	+1.6
INEQ	Columbia International Equity Income ETF	0.7	45	4	9.7	+1.6
MOO	VanEck Agribusiness ETF	0.7	53	-4	11.8	+3.8
JIG	JPMorgan International Growth ETF	0.7	55	-6	5.3	-2.7
IXJ	iShares Global Healthcare ETF	0.7	42	7	7.1	-1.0
RNRG	Global X Renewable Energy Producers ETF	0.7	66	-17	6.4	-1.6
IVAL	Alpha Architect International Quantitative Value ETF	0.7	49	0	11.7	+3.7
EWL	iShares MSCI Switzerland ETF	0.7	50	-1	6.3	-1.7
GCOW	Pacer Global Cash Cows Dividend ETF	0.7	60	-11	11.8	+3.8
IBOT	Vaneck Robotics ETF	0.7	47	2	5.4	-2.7
FPXI	First Trust International Equity Opportunities ETF	0.6	70	-21	4.3	-3.7
DRIV	Global X Autonomous & Electric Vehicles ETF	0.6	68	-19	7.8	-0.2
BJK	VanEck Gaming ETF	0.6	65	-16	4.4	-3.6
RAYE	Rayliant Quantamental Emerging Market ex-China Equity ETF	0.6	88	-39	11.1	+3.1
VWID	Virtus WMC International Dividend ETF	0.6	49	0	9.6	+1.5
ODDS	Pacer BlueStar Digital Entertainment ETF	0.6	60	-11	5.5	-2.6
RNEM	First Trust Emerging Markets Equity Select ETF	0.6	75	-26	1.1	-7.0
SCHY	Schwab International Dividend Equity ETF	0.6	14	35	10.3	+2.3
SETM	Sprott Energy Transition Materials ETF	0.6	65	-16	5.5	-2.5
CXSE	WisdomTree China ex-State-Owned Enterprises Fund	0.6	32	17	19.4	+11.4
ARVR	First Trust Indxx Metaverse ETF	0.6	70	-21	6.7	-1.3
BOTT	Themes Robotics & Automation ETF	0.6	35	14	5.2	-2.8
IBAT	iShares Energy Storage & Materials ETF	0.6	47	2	5.9	-2.2
HYDR	Global X Hydrogen ETF	0.6	50	-1	-9.1	-17.1
BOAT	SonicShares Global Shipping ETF	0.5	69	-20	36.6	+28.6
SPEM	SPDR Portfolio Emerging Markets ETF	0.5	7	42	11.8	+3.8
ESPO	VanEck Video Gaming and eSports ETF	0.5	56	-7	5.3	-2.7
LIVR	Intelligent Livermore ETF	0.5	69	-20	9.5	+1.5
COPA	Themes Copper Miners ETF	0.5	35	14	10.9	+2.9
CGW	Invesco S&P Global Water Index ETF	0.5	57	-8	5.1	-2.9
PIO	Invesco Global Water ETF	0.5	75	-26	5.4	-2.6
MDEV	First Trust Indxx Medical Devices ETF	0.5	70	-21	1.3	-6.7
CRUZ	Defiance Hotel Airline and Cruise ETF	0.5	45	4	3.6	-4.4
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	0.5	25	24	6.8	-1.2
IVEG	iShares Emergent Food and AgTech Multisector ETF	0.5	47	2	9.3	+1.3
DMAT	Global X Disruptive Materials ETF	0.5	59	-10	10.7	+2.7
IWTR	iShares MSCI Water Management Multisector ETF	0.5	47	2	7.1	-0.9
GVLU	Gotham 1000 Value ETF	0.5	50	-1	10.2	+2.2
UEVM	VictoryShares Emerging Markets Value Momentum ETF	0.5	45	4	11.9	+3.9
GXC	SPDR S&P China ETF	0.5	59	-10	18.1	+10.0
ICOP	iShares Copper and Metals Mining ETF	0.5	47	2	11.9	+3.9
EXI	iShares Global Industrials ETF	0.5	42	7	5.5	-2.5
EPU	iShares MSCI Peru and Global Exposure ETF	0.5	59	-10	8.7	+0.7
WOOD	iShares Global Timber & Forestry ETF	0.5	42	7	10.4	+2.4
PTEC	Global X PropTech ETF	0.5	50	-1	2.7	-5.3
WDNA	WisdomTree BioRevolution Fund	0.5	45	4	0.0	-8.0
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.5	39	10	-1.2	-9.2
SIL	Global X Silver Miners ETF	0.5	65	-16	3.9	-4.1
ITEQ	BlueStar Israel Technology ETF	0.5	75	-26	2.4	-5.6
ENZL	iShares MSCI New Zealand ETF	0.5	50	-1	3.7	-4.4
BATT	Amplify Lithium & Battery Technology ETF	0.5	59	-10	4.4	-3.6
BULD	Pacer BlueStar Engineering the Future ETF	0.5	60	-11	2.4	-5.6
JIRE	JPMorgan International Research Enhanced Equity ETF	0.4	24	25	8.1	+0.1
PSP	Invesco Global Listed Private Equity ETF	0.4	106	-57	6.7	-1.3
EWH	iShares MSCI Hong Kong ETF	0.4	50	-1	6.6	-1.4
ETEC	iShares Breakthrough Environmental Solutions ETF	0.4	47	2	6.5	-1.5
FCA	First Trust China AlphaDEX Fund	0.4	80	-31	12.3	+4.3
BNGE	First Trust S-Network Streaming and Gaming ETF	0.4	70	-21	4.2	-3.9
COPX	Global X Copper Miners ETF	0.4	65	-16	10.7	+2.7
ISHP	First Trust Nasdaq Retail ETF	0.4	60	-11	6.3	-1.8
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.4	75	-26	9.4	+1.4
EUDV	ProShares MSCI Europe Dividend Growers ETF	0.4	55	-6	7.2	-0.8
EWG	iShares MSCI Germany ETF	0.4	50	-1	7.1	-0.9
EFNL	iShares MSCI Finland ETF	0.4	56	-7	8.1	+0.1
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	0.4	80	-31	14.9	+6.9
IZRL	ARK Israel Innovative Technology ETF	0.4	49	0	1.5	-6.5
WTRE	WisdomTree New Economy Real Estate Fund	0.4	58	-9	10.3	+2.3
QLVE	FlexShares Emerging Markets Quality Low Volatility Index Fun	0.4	40	9	5.9	-2.1
MCHI	iShares MSCI China ETF	0.4	59	-10	19.4	+11.4
EWI	iShares MSCI Italy ETF	0.4	50	-1	11.2	+3.2
PIE	Invesco Dorsey Wright Emerging Markets Momentum ETF	0.4	90	-41	9.2	+1.2
TCHI	iShares MSCI China Multisector Tech ETF	0.4	59	-10	24.9	+16.9
TINT	ProShares Smart Materials ETF	0.4	58	-9	3.6	-4.5
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.4	61	-12	18.5	+10.5
EWO	iShares MSCI Austria ETF	0.4	50	-1	13.2	+5.2
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.4	85	-36	4.5	-3.5
EVLU	iShares MSCI Emerging Markets Value Factor ETF	0.4	35	14	23.4	+15.4
TEMP	JPMorgan Climate Change Solutions ETF	0.4	49	0	6.5	-1.5
OND	ProShares On-Demand ETF	0.4	58	-9	1.7	-6.3
BETZ	Roundhill Sports Betting & iGaming ETF	0.4	75	-26	2.3	-5.7
IXP	iShares Global Comm Services ETF	0.4	42	7	7.3	-0.7
HELX	Franklin Genomic Advancements ETF	0.4	50	-1	0.1	-7.9
EFAS	Global X MSCI SuperDividend EAFE ETF	0.4	57	-8	9.2	+1.2
IVLU	iShares MSCI Intl Value Factor ETF	0.4	30	19	12.3	+4.3
SRET	Global X SuperDividend REIT ETF	0.4	59	-10	8.7	+0.7
SOCL	Global X Social Media ETF	0.4	65	-16	14.4	+6.4
EWA	iShares MSCI Australia ETF	0.3	50	-1	7.0	-1.0
WNDY	Global X Wind Energy ETF	0.3	50	-1	3.4	-4.6
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	0.3	46	3	11.7	+3.7
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.3	79	-30	8.2	+0.2
BPAY	BlackRock Future Financial and Technology ETF	0.3	70	-21	8.7	+0.7
BUYZ	Franklin Disruptive Commerce ETF	0.3	50	-1	3.0	-5.0
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.3	75	-26	4.1	-3.9
GMET	VanEck Green Metals ETF	0.3	63	-14	12.9	+4.9
RXI	iShares Global Consumer Discretionary ETF	0.3	41	8	10.2	+2.2
FDD	First Trust Stoxx European Select Dividend Index Fund	0.3	58	-9	13.8	+5.8
DTEC	ALPS Disruptive Technologies ETF	0.3	50	-1	4.6	-3.4
RITA	ETFB Green SRI REITs ETF	0.3	50	-1	2.7	-5.4
GSFP	Goldman Sachs Future Planet Equity ETF	0.3	75	-26	5.3	-2.8
ION	ProShares S&P Global Core Battery Metals ETF	0.3	58	-9	12.9	+4.9
EWU	iShares MSCI United Kingdom ETF	0.3	50	-1	9.3	+1.3
FGM	First Trust Germany AlphaDEX Fund	0.3	80	-31	9.9	+1.9
CARZ	First Trust NASDAQ Global Auto Index Fund	0.3	70	-21	7.0	-1.0
EYLD	Cambria Emerging Shareholder Yield ETF	0.3	66	-17	14.2	+6.2
AIRL	Themes Airlines ETF	0.3	35	14	-8.5	-16.5
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	0.3	68	-19	3.2	-4.8
BINV	Brandes International ETF	0.3	70	-21	10.3	+2.3
FFTY	Innovator IBD 50 ETF	0.3	80	-31	-2.7	-10.7
IGPT	Invesco AI and Next Gen Software ETF	0.3	60	-11	5.7	-2.3
FIVA	Fidelity International Value Factor ETF	0.3	18	31	11.6	+3.5
SRVR	Pacer Data & Infrastructure Real Estate ETF	0.3	55	-6	1.2	-6.8
AFK	VanEck Africa Index ETF	0.3	98	-49	14.3	+6.3
VCLN	Virtus Duff & Phelps Clean Energy ETF	0.3	59	-10	6.6	-1.4
IDAT	iShares Future Cloud 5G and Tech ETF	0.3	47	2	5.6	-2.4
PID	Invesco International Dividend Achievers ETF	0.3	53	-4	6.1	-1.9
LUX	Tema Luxury ETF	0.3	75	-26	2.9	-5.1
EWJV	iShares MSCI Japan Value ETF	0.3	15	34	10.9	+2.8
MOTG	VanEck Morningstar Global Wide Moat ETF	0.3	52	-3	7.4	-0.6
ECON	Columbia Emerging Markets Consumer ETF	0.3	49	0	14.1	+6.1
EATV	VegTech Plant-based Innovation & Climate ETF	0.3	75	-26	5.8	-2.2
EIRL	iShares MSCI Ireland ETF	0.3	50	-1	9.2	+1.1
EMQQ	EMQQ The Emerging Markets Internet & Ecommerce ETF	0.3	86	-37	15.2	+7.2
FMQQ	FMQQ The Next Frontier Internet & Ecommerce ETF	0.3	86	-37	0.5	-7.6
MOTI	VanEck Morningstar International Moat ETF	0.3	58	-9	13.7	+5.7
TRFK	Pacer Data and Digital Revolution ETF	0.3	60	-11	4.6	-3.4
IDRV	iShares Self-driving EV & Tech ETF	0.3	47	2	2.8	-5.2
REMX	VanEck Rare Earth/Strategic Metals ETF	0.3	54	-5	6.4	-1.6
FDHT	Fidelity Digital Health ETF	0.3	39	10	2.2	-5.9
STXI	Strive International Developed Markets ETF	0.3	29	20	6.5	-1.5
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.3	65	-16	4.0	-4.0
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	0.3	95	-46	14.2	+6.2
CZAR	Themes Natural Monopoly ETF	0.3	35	14	3.1	-4.9
CCSO	Carbon Collective Climate Solutions US Equity ETF	0.3	35	14	2.1	-5.9
THNR	Amplify Weight Loss Drug & Treatment ETF	0.3	59	-10	6.4	-1.7
KEMQ	KraneShares Emerging Markets Consumer Technology Index ETF	0.3	60	-11	14.7	+6.7
FINX	Global X FinTech ETF	0.3	68	-19	3.1	-4.9
NVIR	Horizon Kinetics Energy and Remediation ETF	0.3	85	-36	6.9	-1.1
ECLN	First Trust EIP Carbon Impact ETF	0.3	96	-47	4.4	-3.7
FTAG	First Trust Indxx Global Agriculture ETF	0.3	70	-21	8.9	+0.9
EMM	Global X Emerging Markets ex-China ETF	0.3	75	-26	5.5	-2.5
EV	Mast Global Battery Recycling & Production ETF	0.3	65	-16	13.0	+5.0
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.2	67	-18	14.2	+6.2
BKF	iShares MSCI BIC ETF	0.2	69	-20	14.1	+6.1
SNSR	Global X Internet of Things ETF	0.2	68	-19	6.0	-2.0
ARKQ	ARK Autonomous Technology & Robotics ETF	0.2	75	-26	0.4	-7.7
ARKX	ARK Space Exploration & Innovation ETF	0.2	75	-26	-0.3	-8.3
PPA	Invesco Aerospace & Defense ETF	0.2	58	-9	3.4	-4.6
QQQJ	Invesco NASDAQ Next Gen 100 ETF	0.2	15	34	6.4	-1.6
AMID	Argent Mid Cap ETF Argent Mid Cap ETF	0.2	52	-3	7.6	-0.4
EMDM	First Trust Bloomberg Emerging Market Democracies ETF	0.2	75	-26	11.3	+3.3
EELV	Invesco S&P Emerging Markets Low Volatility ETF	0.2	29	20	9.2	+1.2
URA	Global X Uranium ETF	0.2	69	-20	3.9	-4.1
JHID	John Hancock International High Dividend ETF	0.2	46	3	11.2	+3.2
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.2	69	-20	3.1	-4.9
SPRE	SP Funds S&P Global REIT Sharia ETF	0.2	55	-6	2.6	-5.4
RNWZ	TrueShares Eagle Global Renewable Energy Income ETF	0.2	75	-26	7.6	-0.4
FINE	Themes European Luxury ETF	0.2	35	14	0.6	-7.5
LIT	Global X Lithium & Battery Tech ETF	0.2	75	-26	6.7	-1.4
FMET	Fidelity Metaverse ETF	0.2	39	10	5.8	-2.2
RAYD	Rayliant Quantitative Developed Market Equity ETF	0.2	80	-31	5.3	-2.7
EBIZ	Global X E-Commerce ETF	0.2	50	-1	5.1	-3.0
AIQ	Global X Artificial Intelligence & Technology ETF	0.2	68	-19	5.4	-2.6
CTEC	Global X CleanTech ETF	0.2	50	-1	2.4	-5.6
EWX	SPDR S&P Emerging Markets Small Cap ETF	0.2	65	-16	8.7	+0.7
FFLC	Fidelity Fundamental Large Cap Core ETF	0.2	38	11	5.6	-2.4
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	0.2	72	-23	-1.2	-9.2
EBLU	Ecofin Global Water ESG Fund	0.2	40	9	4.7	-3.3
IVRS	iShares Future Metaverse Tech and Communications ETF	0.2	47	2	3.2	-4.8
METV	Roundhill Ball Metaverse ETF	0.2	59	-10	9.5	+1.4
COPJ	Sprott Junior Copper Miners ETF	0.2	75	-26	4.8	-3.2
ACES	ALPS Clean Energy ETF	0.2	55	-6	-4.5	-12.5
AIVL	WisdomTree U.S. AI Enhanced Value Fund	0.2	38	11	7.0	-1.1
BOUT	Innovator IBD Breakout Opportunities ETF	0.2	81	-32	5.4	-2.6
PAMC	Pacer Lunt MidCap Multi-Factor Alternator ETF	0.2	60	-11	7.1	-0.9
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	0.2	40	9	7.7	-0.4
RFG	Invesco S&P Midcap 400 Pure Growth ETF	0.2	35	14	6.5	-1.5
RWK	Invesco S&P MidCap 400 Revenue ETF	0.2	39	10	11.5	+3.5
SIXL	ETC 6 Meridian Low Beta Equity ETF	0.2	80	-31	6.1	-1.9
JMEE	JPMorgan Market Expansion Enhanced Equity ETF	0.2	24	25	8.6	+0.6
RUNN	Running Oak Efficient Growth ETF	0.2	58	-9	5.4	-2.6
PRNT	3D Printing ETF	0.2	66	-17	1.8	-6.2
LIMI	Themes Lithium & Battery Metal Miners ETF	0.2	35	14	0.0	-8.0
ACVF	American Conservative Values ETF	0.2	75	-26	5.4	-2.7
FIDI	Fidelity International High Dividend ETF	0.2	18	31	9.7	+1.7
EMC	Global X Emerging Markets Great Consumer ETF	0.2	75	-26	9.2	+1.2
EMLP	First Trust North American Energy Infrastructure Fund	0.2	95	-46	5.7	-2.3
EIPI	FT Energy Income Partners Enhanced Income ETF	0.2	110	-61	6.7	-1.3
EIPX	FT Energy Income Partners Strategy ETF	0.2	95	-46	8.5	+0.5
ONEQ	Fidelity Nasdaq Composite Index ETF	0.2	21	28	4.8	-3.2
IXN	iShares Global Tech ETF	0.2	41	8	5.2	-2.8
CGUS	Capital Group Core Equity ETF	0.2	33	16	5.2	-2.8
PRAY	FIS Christian Stock Fund	0.2	69	-20	6.0	-2.0
IBUY	Amplify Online Retail ETF	0.2	65	-16	4.3	-3.8
AQWA	Global X Clean Water ETF	0.2	50	-1	5.3	-2.7
NIKL	Sprott Nickel Miners ETF	0.2	75	-26	17.3	+9.3
IXG	iShares Global Financials ETF	0.2	42	7	9.2	+1.2
IDX	VanEck Indonesia Index ETF	0.2	57	-8	9.0	+1.0
HAP	VanEck Natural Resources ETF	0.2	50	-1	11.3	+3.3
UFO	Procure Space ETF	0.2	75	-26	-0.5	-8.5
MXI	iShares Global Materials ETF	0.2	41	8	9.0	+1.0
BLDG	Cambria Global Real Estate ETF	0.2	60	-11	4.5	-3.5
IDOG	ALPS International Sector Dividend Dogs ETF	0.2	50	-1	13.3	+5.3
JXI	iShares Global Utilities ETF	0.2	43	6	6.3	-1.7
LEGR	First Trust Indxx Innovative Transaction & Process ETF	0.2	65	-16	9.6	+1.6
MCH	Matthews China Active ETF	0.2	79	-30	16.8	+8.8
NXTG	First Trust Indxx NextG ETF	0.1	70	-21	6.5	-1.5
FBOT	Fidelity Disruptive Automation ETF	0.1	50	-1	4.6	-3.5
OZEM	Roundhill GLP-1 & Weight Loss ETF	0.1	59	-10	1.3	-6.8
CGXU	Capital Group International Focus Equity ETF	0.1	54	-5	6.6	-1.4
TAN	Invesco Solar ETF	0.1	67	-18	9.3	+1.3
WRND	IQ Global Equity R&D Leaders ETF	0.1	18	31	8.8	+0.7
AIA	iShares Asia 50 ETF	0.1	50	-1	16.3	+8.3
GMF	SPDR S&P Emerging Asia Pacific ETF	0.1	49	0	10.9	+2.9
ECNS	iShares MSCI China Small-Cap ETF	0.1	59	-10	11.9	+3.8
FICS	First Trust International Developed Capital Strength ETF	0.1	70	-21	6.1	-1.9
CGIE	Capital Group International Equity ETF	0.1	54	-5	5.6	-2.4
DTCR	Global X Data Center & Digital Infrastructure ETF	0.1	50	-1	2.0	-6.1
KOCG	FIS Knights of Columbus Global Belief ETF	0.1	75	-26	6.8	-1.2
EWS	iShares MSCI Singapore ETF	0.1	50	-1	5.7	-2.3
NBCC	Neuberger Berman Next Generation Connected Consumer ETF	0.1	56	-7	2.9	-5.2
PAWZ	ProShares Pet Care ETF	0.1	50	-1	4.2	-3.8
CGDG	Capital Group Dividend Growers ETF	0.1	47	2	6.9	-1.1
SPAM	Themes Cybersecurity ETF	0.1	35	14	1.9	-6.1
DSTX	Distillate International Fundamental Stability & Value ETF	0.1	55	-6	9.1	+1.1
KROP	Global X AgTech & Food Innovation ETF	0.1	50	-1	7.9	-0.1
FEM	First Trust Emerging Markets AlphaDEX Fund	0.1	80	-31	14.9	+6.9
GXG	Global X MSCI Colombia ETF	0.1	62	-13	20.2	+12.2
CLOU	Global X Cloud Computing ETF	0.1	68	-19	2.2	-5.8
EMDV	ProShares MSCI Emerging Markets Dividend Growers ETF	0.1	60	-11	8.4	+0.3
IHAK	iShares Cybersecurity & Tech ETF	0.1	47	2	4.1	-3.9
STCE	Schwab Crypto Thematic ETF	0.1	30	19	2.1	-6.0
KPOP	KPOP and Korean Entertainment ETF	0.1	75	-26	1.2	-6.8
FPAG	FPA Global Equity ETF	0.1	49	0	7.1	-0.9
KTEC	KraneShares Hang Seng TECH Index ETF	0.1	69	-20	21.8	+13.8
OSCV	Opus Small Cap Value ETF	0.1	79	-30	7.5	-0.5
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.1	68	-19	2.8	-5.3
CHIQ	Global X MSCI China Consumer Discretionary ETF	0.1	65	-16	15.4	+7.4
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	0.1	75	-26	6.9	-1.1
EDIV	SPDR S&P Emerging Markets Dividend ETF	0.1	49	0	12.2	+4.2
TOGA	Tremblant Global ETF	0.1	69	-20	2.9	-5.2
PPIE	Putnam PanAgora ESG International Equity ETF	0.1	49	0	8.6	+0.6
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	0.1	35	14	7.6	-0.4
VFVA	Vanguard U.S. Value Factor ETF	0.1	13	36	13.3	+5.3
BSVO	EA Bridgeway Omni Small-Cap Value ETF	0.1	47	2	11.1	+3.1
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	0.1	20	29	6.2	-1.9
VFMO	Vanguard U.S. Momentum Factor ETF	0.1	13	36	3.9	-4.2
IBLC	iShares Blockchain and Tech ETF	0.1	47	2	-4.6	-12.6
ARB	AltShares Merger Arbitrage ETF	0.1	77	-28	4.1	-3.9
FBCG	Fidelity Blue Chip Growth ETF	0.1	59	-10	4.1	-3.9
FDWM	Fidelity Women's Leadership ETF	0.1	59	-10	3.7	-4.4
FDCF	Fidelity Disruptive Communications ETF	0.1	50	-1	3.8	-4.2
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	0.1	61	-12	1.6	-6.4
SATO	Invesco Alerian Galaxy Crypto Economy ETF	0.1	61	-12	-1.1	-9.1
LITP	Sprott Lithium Miners ETF	0.1	65	-16	5.7	-2.4
BRF	VanEck Brazil Small-Cap ETF	0.1	66	-17	13.7	+5.7
DARP	Grizzle Growth ETF	0.1	75	-26	5.7	-2.3
QTUM	Defiance Quantum ETF	0.1	40	9	8.9	+0.9
GVUS	Marketbeta Russell 1000 Value Equity ETF	0.1	12	37	7.5	-0.5
AVSC	Avantis U.S Small Cap Equity ETF	0.1	25	24	7.4	-0.6
BLOK	Amplify Transformational Data Sharing ETF	0.1	75	-26	0.5	-7.5
CVAR	Cultivar ETF	0.1	87	-38	6.6	-1.4
FSMO	Fidelity Small-Mid Cap Opportunities ETF	0.1	60	-11	6.4	-1.6
OPTZ	Optimize Strategy Index ETF	0.1	50	-1	6.1	-1.9
AIS	VistaShares Artificial Intelligence Supercycle ETF	0.1	75	-26	5.7	-2.3
QQQS	Invesco NASDAQ Future Gen 200 ETF	0.1	20	29	-10.7	-18.7
AWAY	ETFMG Travel Tech ETF	0.1	76	-27	0.1	-7.9
BMED	Future Health ETF	0.1	85	-36	2.7	-5.3
DAX	Global X DAX Germany ETF	0.1	21	28	7.4	-0.6
TMFG	Motley Fool Global Opportunities ETF	0.1	85	-36	3.9	-4.1
ANEW	ProShares MSCI Transformational Changes ETF	0.1	45	4	7.8	-0.2
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	0.1	75	-26	5.3	-2.7
TINY	ProShares Nanotechnology ETF	0.1	58	-9	6.8	-1.2
EQAL	Invesco Russell 1000 Equal Weight ETF	0.1	20	29	7.8	-0.2
DVYE	iShares Emerging Markets Dividend ETF	0.1	49	0	20.4	+12.4
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	0.1	29	20	8.3	+0.3
OGIG	ALPS O'Shares Global Internet Giants ETF	0.1	48	1	2.2	-5.8
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	0.1	78	-29	10.4	+2.4
GDOC	Goldman Sachs Future Health Care Equity ETF	0.1	75	-26	3.0	-5.1
FMED	Fidelity Disruptive Medicine ETF	0.1	50	-1	-1.2	-9.2
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	0.1	20	29	6.0	-2.0
KXI	iShares Global Consumer Staples ETF	0.1	41	8	5.6	-2.4
RSSL	Global X Russell 2000 ETF	0.1	8	41	4.1	-3.9
KLMT	Invesco MSCI Global Climate 500 ETF	0.0	10	39	6.8	-1.3
KNCT	Invesco Next Gen Connectivity ETF	0.0	40	9	5.7	-2.3
IPOS	Renaissance International IPO ETF	0.0	80	-31	2.8	-5.3
GLBL	Pacer MSCI World Industry Advantage ETF	0.0	65	-16	5.6	-2.4
DINT	Davis Select International ETF	0.0	55	-6	9.3	+1.3
DWLD	Davis Select Worldwide ETF	0.0	63	-14	9.6	+1.6
GNR	SPDR S&P Global Natural Resources ETF	0.0	40	9	12.9	+4.9
ILIT	iShares Lithium Miners and Producers ETF	0.0	47	2	8.0	-0.0
FDFF	Fidelity Disruptive Finance ETF	0.0	50	-1	4.7	-3.3
PEX	ProShares Global Listed Private Equity ETF	0.0	81	-32	11.1	+3.1
BITQ	Bitwise Crypto Industry Innovators ETF	0.0	85	-36	-3.1	-11.1
BKCH	Global X Blockchain ETF	0.0	50	-1	-4.9	-13.0
CRPT	First Trust SkyBridge Crypto Industry & Digital Economy ETF	0.0	85	-36	-1.6	-9.6
DAPP	VanEck Digital Transformation ETF	0.0	50	-1	-6.0	-14.0
BCDF	Horizon Kinetics Blockchain Development ETF	0.0	85	-36	4.8	-3.2
BWEB	Bitwise Web3 ETF	0.0	85	-36	0.3	-7.8
DIV	Global X SuperDividend US ETF	0.0	45	4	11.1	+3.1
NDIV	Amplify Natural Resources Dividend Income ETF	0.0	59	-10	11.8	+3.8
SMCF	Themes US Small Cap Cash Flow Champions ETF	0.0	29	20	13.8	+5.8
VFMF	Vanguard U.S. Multifactor ETF	0.0	18	31	9.6	+1.6
BRAZ	Global X Brazil Active ETF	0.0	75	-26	14.0	+6.0
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	0.0	39	10	6.1	-2.0
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.0	39	10	-0.5	-8.5
SYNB	Putnam BioRevolution ETF	0.0	70	-21	3.6	-4.5
DAT	ProShares Big Data Refiners ETF	0.0	58	-9	2.7	-5.4
CBSE	Clough Select Equity ETF	0.0	85	-36	2.0	-6.0
ETHO	Etho Climate Leadership U.S. ETF	0.0	47	2	6.2	-1.8
SUPL	ProShares Supply Chain Logistics ETF	0.0	58	-9	6.0	-2.0
DEEP	Roundhill Acquirers Deep Value ETF	0.0	80	-31	22.2	+14.1
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	0.0	15	34	3.1	-4.9
HDRO	Defiance Next Gen H2 ETF	0.0	30	19	-10.8	-18.9
PBW	Invesco WilderHill Clean Energy ETF	0.0	66	-17	-6.6	-14.6
AVUS	Avantis U.S. Equity ETF	0.0	15	34	7.5	-0.6
APIE	ActivePassive International Equity ETF	0.0	45	4	8.4	+0.4

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%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

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

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

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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

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