Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 15.9x P/Sales
ratio		 1.4x
P/BV
ratio		 1.8x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco DWA Emerging Markets Technical Leaders Portfolio seeks investment results that correspond to the price and yield of the Dorsey Wright Emerging Markets Technical Leaders Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 28, 2007
Assets (mns) $121
Currency USD
Expense ratio 90 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 94
Wgt avg mkt cap (mns) $43,332
Large cap (>$10bn) 27.4%
Mid cap ($2-10bn) 47.5%
Small cap (<$2bn) 25.1%
Developed mkts 1.6%
Emerging mkts 98.4%

TOP TEN HOLDINGS
ACCTON TECHNOLOGY CORP 3.0 %
WANGUO INTERNATIONAL MINING 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 2.9 %
TERA YATIRIM MENKUL DEGERLER AS 2.8 %
TOPCO SCIENTIFIC CO LTD 2.7 %
TISCO FINANCIAL GROUP-NVDR 2.3 %
REMEGEN CO. LTD. CLASS H 2.1 %
HBM HOLDINGS LTD. 2.1 %
GETAC TECHNOLOGY CORP 2.1 %
LITE-ON TECHNOLOGY CORP 2.0 %
Total 25.1 %

TOP COUNTRY EXPOSURE
CHINA 28.8 %
TAIWAN 27.7 %
MEXICO 6.1 %
BRAZIL 4.8 %
SOUTH AFRICA 4.1 %
THAILAND 3.2 %
MALAYSIA 2.6 %
HUNGARY 2.1 %
INDONESIA 1.5 %
TURKEY 1.4 %

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.
26.0% 26.0% 3.1% 7.0% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.72 44%
MSCI EAFE 0.91 50%
MSCI Emg. Mkts. 1.04 74%

Technical Indicators
Recent close $24.59
30d moving avg. $23.94
Annualized volatility 15.9%
Short interest (ETF) 4.8%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.5%
Bid/Ask (% of price) 1.13%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 321 potential alternatives to the Invesco Dorsey Wright Emerging Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIE Expense: 90 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PIE
Ticker Fund
Name		 Overlap1
vs PIE
(%)		 Expense
ratio
(bp)		 Savings
vs PIE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PIE
(%)
FEM First Trust Emerging Markets AlphaDEX Fund 17.7 80 10 10.4 +5.8
FLTW Franklin FTSE Taiwan ETF 15.1 19 71 5.2 +0.6
ECON Columbia Emerging Markets Consumer ETF 14.9 49 41 10.0 +5.5
EWT iShares MSCI Taiwan ETF 14.7 58 32 5.0 +0.5
FDEM Fidelity Emerging Markets Multifactor ETF 13.3 25 65 10.8 +6.3
EMMF WisdomTree Emerging Markets Multifactor Fund 12.9 48 42 6.1 +1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.6 32 58 5.4 +0.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.5 45 45 9.5 +4.9
EEMO Invesco S&P Emerging Markets Momentum ETF 12.3 29 61 7.0 +2.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.9 33 57 8.2 +3.7
ROAM Hartford Multifactor Emerging Markets ETF 11.4 44 46 10.4 +5.9
JHEM John Hancock Multifactor Emerging Markets ETF 11.3 49 41 8.3 +3.7
JIVE JPMorgan International Value ETF 11.3 55 35 9.8 +5.2
EMXF iShares ESG Advanced MSCI EM ETF 11.2 16 74 7.2 +2.6
FTHF First Trust Emerging Markets Human Flourishing ETF 11.1 75 15 7.5 +3.0
PXH Invesco FTSE RAFI Emerging Markets ETF 11.1 49 41 13.7 +9.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 11.0 30 60 8.2 +3.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.0 30 60 7.6 +3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.0 15 75 6.6 +2.1
SCHE Schwab Emerging Markets Equity ETF 10.8 11 79 9.5 +5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.7 66 24 7.8 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 10.7 7 83 9.3 +4.8
EEM iShares MSCI Emerging Markets ETF 10.7 69 21 8.1 +3.6
BKEM BNY Mellon Emerging Markets Equity ETF 10.7 11 79 8.0 +3.5
VWO Vanguard FTSE Emerging Markets ETF 10.5 7 83 9.1 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 10.5 17 73 11.4 +6.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.5 15 75 8.5 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 10.5 15 75 6.3 +1.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.3 36 54 8.0 +3.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.3 25 65 5.9 +1.4
FCA First Trust China AlphaDEX Fund 10.2 80 10 8.7 +4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.1 44 46 9.5 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 10.1 9 81 8.6 +4.0
ESGE iShares ESG Aware MSCI EM ETF 9.9 25 65 8.5 +4.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.9 50 40 9.4 +4.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.8 88 2 7.2 +2.7
EMXC iShares MSCI Emerging Markets ex China ETF 9.8 25 65 5.9 +1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.7 39 51 14.6 +10.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.6 41 49 5.3 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.6 32 58 7.0 +2.5
STXE Strive Emerging Markets Ex-China ETF 9.6 32 58 6.2 +1.7
DFAE Dimensional Emerging Core Equity Market ETF 9.6 35 55 7.5 +2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.5 41 49 7.1 +2.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.4 24 66 6.4 +1.8
EEMA iShares MSCI Emerging Markets Asia ETF 9.4 49 41 7.9 +3.4
JADE JPMorgan Active Developing Markets Equity ETF 9.3 65 25 6.6 +2.0
XCEM Columbia EM Core ex-China ETF 9.3 16 74 6.6 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 9.3 49 41 8.4 +3.9
AVEM Avantis Emerging Markets Equity ETF 9.2 33 57 7.3 +2.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.2 70 20 7.3 +2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.2 45 45 8.5 +4.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.1 38 52 7.6 +3.0
FLAX Franklin FTSE Asia Ex Japan ETF 9.1 19 71 7.5 +2.9
AVES Avantis Emerging Markets Value ETF 9.0 36 54 9.6 +5.1
EMGF iShares Emerging Markets Equity Factor ETF 9.0 25 65 9.5 +5.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.6 29 61 8.1 +3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.3 59 31 7.6 +3.0
RNEM First Trust Emerging Markets Equity Select ETF 8.1 75 15 7.8 +3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.0 20 70 8.4 +3.9
NUEM Nuveen ESG Emerging Markets Equity ETF 7.7 36 54 6.7 +2.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 7.7 75 15 8.5 +3.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 7.3 53 37 6.1 +1.6
MCHI iShares MSCI China ETF 7.3 59 31 15.5 +10.9
FLCH Franklin FTSE China ETF 6.8 19 71 14.3 +9.7
AVSE Avantis Responsible Emerging Markets Equity ETF 6.5 33 57 7.0 +2.5
MINV Matthews Asia Innovators Active ETF 6.5 79 11 5.5 +1.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.4 40 50 6.1 +1.6
AIA iShares Asia 50 ETF 6.3 50 40 10.6 +6.0
GXC SPDR S & P China ETF 6.3 59 31 14.5 +10.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.1 42 48 5.6 +1.0
FLLA Franklin FTSE Latin America ETF 6.0 19 71 11.8 +7.3
EWW iShares MSCI Mexico ETF 6.0 50 40 8.3 +3.8
FLMX Franklin FTSE Mexico ETF 5.9 19 71 9.0 +4.4
XC WisdomTree Emerging Markets Ex-China Fund 5.7 32 58 5.5 +0.9
BKF iShares MSCI BIC ETF 5.6 69 21 11.8 +7.2
FXI iShares China Large-Cap ETF 5.6 74 16 16.0 +11.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.6 32 58 11.3 +6.7
VSGX Vanguard ESG International Stock ETF 5.5 10 80 6.7 +2.2
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 11 6.4 +1.9
ACWX iShares MSCI ACWI ex U.S. ETF 5.4 34 56 6.5 +2.0
DFEV Dimensional Emerging Markets Value ETF 5.3 43 47 10.6 +6.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.3 18 72 6.6 +2.0
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 83 6.8 +2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.2 41 49 6.5 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 4 86 6.9 +2.4
VXUS Vanguard Total International Stock ETF 5.1 5 85 6.9 +2.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.0 95 -5 10.3 +5.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.0 75 15 2.3 -2.3
JIG JPMorgan International Growth ETF 5.0 55 35 4.0 -0.6
EYLD Cambria Emerging Shareholder Yield ETF 4.9 66 24 10.8 +6.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.9 33 57 6.9 +2.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.9 35 55 11.8 +7.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.7 80 10 12.8 +8.3
FLN First Trust Latin America AlphaDEX Fund 4.7 80 10 10.4 +5.9
PATN Pacer Nasdaq International Patent Leaders ETF 4.6 65 25 4.6 +0.1
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 43 7.7 +3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.5 47 43 7.1 +2.5
WRND IQ Global Equity R&D Leaders ETF 4.5 18 72 6.6 +2.1
VIDI Vident International Equity Strategy ETF 4.3 61 29 9.4 +4.8
DEM WisdomTree Emerging Markets High Dividend Fund 4.2 63 27 12.0 +7.5
CGXU Capital Group International Focus Equity ETF 4.2 54 36 4.7 +0.2
KNCT Invesco Next Gen Connectivity ETF 4.2 40 50 4.0 -0.6
CLNR IQ Cleaner Transport ETF 4.1 45 45 4.9 +0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 4.1 49 41 8.8 +4.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.0 60 30 8.9 +4.3
ECNS iShares MSCI China Small-Cap ETF 3.9 59 31 9.1 +4.6
IXN iShares Global Tech ETF 3.8 41 49 2.8 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.4 30 60 6.7 +2.1
DOL WisdomTree International LargeCap Dividend Fund 3.4 48 42 6.2 +1.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.3 42 48 8.7 +4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.3 58 32 8.7 +4.1
KURE KraneShares MSCI All China Health Care Index ETF 3.3 65 25 2.7 -1.9
JCHI JPMorgan Active China ETF 3.2 65 25 12.9 +8.4
IGRO iShares International Dividend Growth ETF 3.2 15 75 6.3 +1.8
ARTY iShares Future AI & Tech ETF 3.2 47 43 2.9 -1.7
ACWV iShares MSCI Global Min Vol Factor ETF 3.2 20 70 5.4 +0.8
ION ProShares S&P Global Core Battery Metals ETF 3.1 58 32 5.5 +0.9
IHAK iShares Cybersecurity & Tech ETF 3.0 47 43 3.8 -0.8
XT iShares Exponential Technologies ETF 2.9 46 44 4.2 -0.4
AGQI First Trust Active Global Quality Income ETF 2.9 85 5 4.7 +0.1
FBOT Fidelity Disruptive Automation ETF 2.9 50 40 2.8 -1.8
OAIM OneAscent International Equity ETF 2.9 95 -5 4.6 +0.1
COPX Global X Copper Miners ETF 2.9 65 25 4.5 -0.1
MOTI VanEck Morningstar International Moat ETF 2.8 58 32 9.3 +4.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.7 67 23 13.5 +9.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.7 60 30 9.9 +5.3
CHAT Roundhill Generative AI & Technology ETF 2.6 75 15 6.2 +1.7
ILF iShares Latin America 40 ETF 2.6 48 42 10.8 +6.2
EWM iShares MSCI Malaysia ETF 2.6 50 40 5.9 +1.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.5 70 20 6.9 +2.3
CCNR ALPS CoreCommodity Natural Resources ETF 2.5 39 51 7.7 +3.2
PICK iShares MSCI Global Metals & Mining Producers ETF 2.5 39 51 9.0 +4.4
FRDM Freedom 100 Emerging Markets ETF 2.5 49 41 6.0 +1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.5 46 44 8.6 +4.1
VYMI Vanguard International High Dividend Yield ETF 2.5 17 73 8.3 +3.8
TCHI iShares MSCI China Multisector Tech ETF 2.4 59 31 15.1 +10.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 78 4.3 -0.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 31 4.3 -0.2
KTEC KraneShares Hang Seng TECH Index ETF 2.3 69 21 17.0 +12.5
DVYE iShares Emerging Markets Dividend ETF 2.3 49 41 17.1 +12.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.3 20 70 4.8 +0.2
ACWI iShares MSCI ACWI ETF 2.2 32 58 4.7 +0.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.2 72 18 -1.3 -5.8
DSTX Distillate International Fundamental Stability & Value ETF 2.2 55 35 6.8 +2.2
CWI SPDR MSCI ACWI ex-US ETF 2.2 30 60 6.5 +2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.1 47 43 5.8 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 80 5.0 +0.4
GDXJ VanEck Junior Gold Miners ETF 2.1 52 38 2.4 -2.1
FLBR Franklin FTSE Brazil ETF 2.1 19 71 13.8 +9.3
BATT Amplify Lithium & Battery Technology ETF 2.1 59 31 1.7 -2.9
BRF VanEck Brazil Small-Cap ETF 2.1 66 24 11.1 +6.6
EWZS iShares MSCI Brazil Small-Cap ETF 2.1 59 31 11.3 +6.8
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 1 4.2 -0.3
HUMN Roundhill Humanoid Robotics ETF 2.0 75 15 1.0 -3.6
GMET VanEck Green Metals ETF 2.0 63 27 5.7 +1.2
GLOF iShares Global Equity Factor ETF 2.0 20 70 5.9 +1.4
ROBO ROBO Global Robotics & Automation Index ETF 2.0 95 -5 2.7 -1.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 38 8.7 +4.2
EWZ iShares MSCI Brazil ETF 2.0 58 32 12.0 +7.5
VT Vanguard Total World Stock ETF 2.0 6 84 5.1 +0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 20 11.9 +7.3
MCH Matthews China Active ETF 1.8 79 11 12.6 +8.1
RING iShares MSCI Global Gold Miners ETF 1.8 39 51 3.0 -1.6
NXTG First Trust Indxx NextG ETF 1.8 70 20 4.4 -0.1
SDIV Global X Superdividend ETF 1.7 58 32 15.8 +11.2
KWEB KraneShares CSI China Internet ETF 1.7 69 21 22.3 +17.7
GDX VanEck Gold Miners ETF 1.7 51 39 2.6 -1.9
SLVP iShares MSCI Global Silver Miners ETF 1.7 39 51 3.4 -1.1
HAP VanEck Natural Resources ETF 1.7 50 40 8.1 +3.5
JGLO JPMorgan Global Select Equity ETF 1.6 33 57 4.3 -0.2
ESPO VanEck Video Gaming and eSports ETF 1.6 56 34 4.9 +0.3
HERO Global X Video Games & Esports ETF 1.6 50 40 4.3 -0.3
NERD Roundhill Video Games ETF 1.6 50 40 6.2 +1.7
ICOP iShares Copper and Metals Mining ETF 1.5 47 43 6.0 +1.5
COPA Themes Copper Miners ETF 1.5 35 55 3.7 -0.8
IDX VanEck Indonesia Index ETF 1.5 57 33 6.7 +2.1
CHIQ Global X MSCI China Consumer Discretionary ETF 1.5 65 25 11.2 +6.6
CGRO CoreValues Alpha Greater China Growth ETF 1.4 75 15 2.9 -1.6
DMAT Global X Disruptive Materials ETF 1.4 59 31 5.2 +0.6
DRGN Themes China Generative Artificial Intelligence ETF 1.4 39 51 8.9 +4.4
GEW Cambria Global EW ETF 1.4 29 61 5.4 +0.8
TUR iShares MSCI Turkey ETF 1.4 58 32 12.3 +7.7
AGMI Themes Silver Miners ETF 1.3 35 55 3.1 -1.4
BLDG Cambria Global Real Estate ETF 1.3 60 30 11.1 +6.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.3 10 80 6.4 +1.8
BRAZ Global X Brazil Active ETF 1.3 75 15 10.6 +6.1
EZA iShares MSCI South Africa ETF 1.3 58 32 8.0 +3.5
BOTZ Global X Robotics & Artificial Intelligence ETF 1.2 69 21 1.7 -2.9
BOTT Themes Robotics & Automation ETF 1.2 35 55 -1.5 -6.0
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 25 3.9 -0.6
THD iShares MSCI Thailand ETF 1.2 58 32 0.0 -4.6
GOEX Global X Gold Explorers ETF 1.1 65 25 1.6 -3.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 45 1.6 -2.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 41 4.8 +0.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.1 60 30 2.8 -1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 20 6.8 +2.3
AUMI Themes Gold Miners ETF 1.0 35 55 2.6 -1.9
EIDO iShares MSCI Indonesia ETF 1.0 59 31 7.1 +2.5
GNR SPDR S&P Global Natural Resources ETF 1.0 40 50 9.4 +4.9
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 25 7.2 +2.6
ASEA Global X FTSE Southeast Asia ETF 1.0 65 25 5.5 +1.0
TMFG Motley Fool Global Opportunities ETF 1.0 85 5 3.5 -1.0
SHPP Pacer Industrials and Logistics ETF 1.0 60 30 7.6 +3.1
EPHE iShares MSCI Philippines ETF 1.0 59 31 0.0 -4.6
EFRA iShares Environmental Infrastructure and Industrials ETF 1.0 47 43 5.0 +0.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 78 8.0 +3.5
GVAL Cambria Global Value ETF 1.0 68 22 9.4 +4.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 35 5.9 +1.3
GGME Invesco Next Gen Media and Gaming ETF 0.9 60 30 4.1 -0.4
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 31 6.5 +2.0
GINN Goldman Sachs Innovate Equity ETF 0.9 52 38 3.2 -1.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.9 70 20 3.4 -1.2
AFK VanEck Africa Index ETF 0.8 98 -8 11.1 +6.6
SCHY Schwab International Dividend Equity ETF 0.8 14 76 8.8 +4.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 82 6.5 +2.0
IXC iShares Global Energy ETF 0.8 44 46 9.7 +5.2
AVRE Avantis Real Estate ETF 0.8 17 73 7.0 +2.5
EMC Global X Emerging Markets Great Consumer ETF 0.8 75 15 7.0 +2.4
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 15 4.4 -0.2
ARVR First Trust Indxx Metaverse ETF 0.8 70 20 3.4 -1.1
FPAG FPA Global Equity ETF 0.8 49 41 5.0 +0.5
MXI iShares Global Materials ETF 0.8 41 49 6.4 +1.8
CGW Invesco S&P Global Water Index ETF 0.8 57 33 4.3 -0.2
PIO Invesco Global Water ETF 0.8 75 15 3.9 -0.6
AQWA Global X Clean Water ETF 0.8 50 40 4.7 +0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 31 3.8 -0.8
MDEV First Trust Indxx Medical Devices ETF 0.7 70 20 4.1 -0.5
CHPX Global X AI Semiconductor & Quantum ETF 0.7 50 40 2.6 -2.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 71 5.2 +0.6
IQRA IQ CBRE Real Assets ETF 0.7 65 25 5.5 +0.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 11 7.2 +2.6
COPY Tweedy, Browne Insider + Value ETF 0.6 80 10 10.5 +5.9
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 10 10.2 +5.6
CQQQ Invesco China Technology ETF 0.6 70 20 12.5 +8.0
SIL Global X Silver Miners ETF 0.6 65 25 1.5 -3.1
SILJ ETFMG Prime Junior Silver Miners ETF 0.6 69 21 0.2 -4.3
IBOT Vaneck Robotics ETF 0.6 47 43 3.4 -1.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 22 4.2 -0.4
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 6.8 +2.3
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 9 4.7 +0.1
FFND Future Fund Active ETF 0.6 100 -10 3.2 -1.4
JHDV John Hancock U.S. High Dividend ETF 0.6 34 56 6.1 +1.5
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 14 4.1 -0.4
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 4.6 +0.1
DTEC ALPS Disruptive Technologies ETF 0.6 50 40 3.3 -1.3
FAN First Trust Global Wind Energy ETF 0.6 60 30 3.7 -0.8
CTEC Global X CleanTech ETF 0.6 50 40 0.7 -3.9
FRNW Fidelity Clean Energy ETF 0.6 39 51 2.1 -2.4
ICLN iShares Global Clean Energy ETF 0.6 41 49 2.9 -1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 12 8.6 +4.1
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 28 3.1 -1.4
IPKW Invesco International BuyBack Achievers ETF 0.6 55 35 8.1 +3.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 51 -1.3 -5.8
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 11 0.3 -4.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 43 3.1 -1.5
IDRV iShares Self-driving EV & Tech ETF 0.6 47 43 3.1 -1.5
WWJD Inspire International ETF 0.6 80 10 6.5 +1.9
PBD Invesco Global Clean Energy ETF 0.6 75 15 0.7 -3.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 25 1.6 -3.0
POW VistaShares Electrification Supercycle ETF 0.6 75 15 3.0 -1.5
OCEN IQ Clean Oceans ETF 0.6 45 45 5.0 +0.5
IBAT iShares Energy Storage & Materials ETF 0.6 47 43 2.5 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 81 4.9 +0.4
DFGR Dimensional Global Real Estate ETF 0.6 22 68 7.5 +3.0
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 40 6.7 +2.2
FDNI First Trust Dow Jones International Internet ETF 0.6 65 25 18.4 +13.9
IBUY Amplify Online Retail ETF 0.6 65 25 1.3 -3.3
FDHT Fidelity Digital Health ETF 0.6 39 51 1.3 -3.2
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 22 1.7 -2.9
ISHP First Trust Nasdaq Retail ETF 0.6 60 30 5.0 +0.5
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 15 2.0 -2.6
JXI iShares Global Utilities ETF 0.5 43 47 5.4 +0.9
GSIB Themes Global Systemically Important Banks ETF 0.5 35 55 8.4 +3.8
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 31 3.9 -0.7
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 31 5.7 +1.1
SHLD Global X Defense Tech ETF 0.5 50 40 2.5 -2.1
IXG iShares Global Financials ETF 0.5 42 48 5.9 +1.3
REET iShares Global REIT ETF 0.5 14 76 7.3 +2.8
JETS U.S. Global Jets ETF 0.5 60 30 2.1 -2.5
CGGR Capital Group Growth ETF 0.5 39 51 2.7 -1.9
BMED Future Health ETF 0.5 85 5 0.2 -4.4
BINV Brandes International ETF 0.5 70 20 8.3 +3.8
NIKL Sprott Nickel Miners ETF 0.5 75 15 6.4 +1.8
SETM Sprott Energy Transition Materials ETF 0.5 65 25 1.5 -3.1
CGV Conductor Global Equity Value ETF 0.5 130 -40 7.0 +2.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 4 11.6 +7.1
BNGE First Trust S-Network Streaming and Gaming ETF 0.5 70 20 2.4 -2.2
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 43 7.2 +2.6
AGNG Global X Aging Population ETF 0.4 50 40 3.9 -0.6
NATO Themes Transatlantic Defense ETF 0.3 35 55 1.7 -2.9
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 30 0.3 -4.3
CGDG Capital Group Dividend Growers ETF 0.3 47 43 5.4 +0.9
BLES Inspire Global Hope ETF 0.3 61 29 6.2 +1.6
SOCL Global X Social Media ETF 0.3 65 25 8.9 +4.4
INTF iShares International Equity Factor ETF 0.3 15 75 6.6 +2.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 53 7.3 +2.8
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 3.3 -1.3
DEW WisdomTree Global High Dividend Fund 0.3 58 32 7.7 +3.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 35 4.3 -0.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 67 7.4 +2.9
TTAI FCF International Quality ETF 0.2 59 31 6.5 +1.9
VIGI Vanguard International Dividend Appreciation ETF 0.2 10 80 5.7 +1.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 6.4 +1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 41 6.2 +1.7
AVDS Avantis International Small Cap Equity ETF 0.1 30 60 6.0 +1.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 81 7.0 +2.4
VPL Vanguard FTSE Pacific ETF 0.0 7 83 5.9 +1.3
SCHC Schwab International Small-Cap Equity ETF 0.0 11 79 6.8 +2.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.1 -0.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 50 6.3 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 6.9 +2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 70 6.0 +1.5
IQSI IQ Candriam International Equity ETF 0.0 15 75 5.7 +1.1
VEA Vanguard FTSE Developed Markets ETF 0.0 3 87 6.2 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 6.0 +1.4
SCHF Schwab International Equity ETF 0.0 6 84 6.3 +1.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 81 5.8 +1.2
EMM Global X Emerging Markets ex-China ETF 0.0 75 15 5.6 +1.1
BKIE BNY Mellon International Equity ETF 0.0 4 86 6.1 +1.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 5.9 +1.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 83 6.2 +1.6

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:		 Invesco Dorsey Wright Emerging Markets Momentum ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.54
 
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.