Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 7.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 2.6%


  • 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) $99
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 95
Wgt avg mkt cap (mns) $28,630
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
POP MART INTERNATIONAL GROUP LIMIT 4.2 %
L&K ENGINEERING CO LTD 3.3 %
TAIWAN SEMICONDUCTOR MANUFAC 3.3 %
TOPCO SCIENTIFIC CO LTD 2.9 %
ADVANCETEK ENTERPRISE CO LTD 2.5 %
SINBON ELECTRONINCS CO LTD 2.4 %
SOLOMON TECHNOLOGY CORP 2.2 %
FORTRESS REIT LTD CLASS B 2.2 %
COMPARTAMOS SAB DE CV 2.0 %
MAGYAR TELEKOM TELECOMMUNICATIONS 2.0 %
Total 27.1 %

TOP COUNTRY EXPOSURE
TAIWAN 33.3 %
CHINA 26.0 %
SOUTH AFRICA 7.4 %
MEXICO 5.2 %
MALAYSIA 4.9 %
TURKEY 4.3 %
BRAZIL 4.2 %
HUNGARY 2.7 %
HONG KONG 1.8 %
THAILAND 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.9% -1.2% 5.3% 3.5% 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.64 40%
MSCI EAFE 0.65 44%
MSCI Emg. Mkts. 0.82 73%

Technical Indicators
Recent close $20.87
30d moving avg. $20.02
Annualized volatility 16.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.8%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 277 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™: 7.7%


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 21.6 80 10 12.2 +4.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 15.2 45 45 10.6 +3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 15.1 29 61 6.5 -1.2
FCA First Trust China AlphaDEX Fund 13.2 80 10 9.0 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 12.6 49 41 15.9 +8.2
EMXF iShares ESG Advanced MSCI EM ETF 12.1 16 74 8.5 +0.8
ECON Columbia Emerging Markets Consumer ETF 11.9 49 41 12.4 +4.7
EYLD Cambria Emerging Shareholder Yield ETF 11.8 66 24 12.3 +4.6
EWT iShares MSCI Taiwan ETF 11.6 58 32 6.4 -1.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.5 15 75 8.2 +0.5
FLTW Franklin FTSE Taiwan ETF 11.4 19 71 6.6 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.9 39 51 16.2 +8.5
ESGE iShares ESG Aware MSCI EM ETF 10.9 25 65 10.1 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 10.8 44 46 11.9 +4.2
SPEM SPDR Portfolio Emerging Markets ETF 10.7 7 83 10.6 +2.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.6 30 60 10.3 +2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.3 45 45 10.5 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.2 44 46 10.9 +3.2
EEM iShares MSCI Emerging Markets ETF 10.2 69 21 10.3 +2.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.2 24 66 8.1 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 10.1 49 41 10.1 +2.5
SCHE Schwab Emerging Markets Equity ETF 10.1 11 79 11.1 +3.5
JHEM John Hancock Multifactor Emerging Markets ETF 10.1 49 41 10.4 +2.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 10.1 41 49 8.9 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 10.1 17 73 13.2 +5.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.0 66 24 10.0 +2.3
VWO Vanguard FTSE Emerging Markets ETF 10.0 7 83 10.6 +2.9
BKEM BNY Mellon Emerging Markets Equity ETF 9.9 11 79 10.2 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.8 15 75 10.4 +2.7
IEMG iShares Core MSCI Emerging Markets ETF 9.7 9 81 10.5 +2.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 9.7 36 54 9.9 +2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 9.7 75 15 8.4 +0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.6 70 20 9.3 +1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 9.6 30 60 9.9 +2.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.5 88 2 9.3 +1.6
FDEM Fidelity Emerging Markets Multifactor ETF 9.5 25 65 12.8 +5.2
DFAE Dimensional Emerging Core Equity Market ETF 9.4 35 55 9.4 +1.8
EMGF iShares Emerging Markets Equity Factor ETF 9.4 25 65 11.9 +4.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.3 50 40 11.4 +3.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.3 38 52 9.4 +1.8
FLAX Franklin FTSE Asia Ex Japan ETF 9.2 19 71 9.5 +1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 9.1 36 54 7.8 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.1 59 31 11.7 +4.1
EMMF WisdomTree Emerging Markets Multifactor Fund 8.9 48 42 7.8 +0.1
GMF SPDR S&P Emerging Asia Pacific ETF 8.8 49 41 9.5 +1.9
XCNY SPDR S&P Emerging Markets ex-China ETF 8.8 15 75 7.6 -0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.8 33 57 10.1 +2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.7 40 50 7.1 -0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.5 32 58 6.8 -0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.4 29 61 8.7 +1.1
AIA iShares Asia 50 ETF 8.3 50 40 13.3 +5.6
XCEM Columbia EM Core ex-China ETF 8.2 16 74 8.1 +0.4
MCHI iShares MSCI China ETF 8.1 59 31 17.8 +10.1
XC WisdomTree Emerging Markets Ex-China Fund 8.0 32 58 6.0 -1.7
STXE Strive Emerging Markets Ex-China ETF 8.0 32 58 7.8 +0.1
DEHP Dimensional Emerging Markets High Profitability ETF 8.0 41 49 6.9 -0.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 8.0 75 15 9.8 +2.1
RNEM First Trust Emerging Markets Equity Select ETF 8.0 75 15 7.0 -0.7
EMXC iShares MSCI Emerging Markets ex China ETF 7.9 25 65 7.7 0.0
AVES Avantis Emerging Markets Value ETF 7.7 36 54 11.6 +3.9
FXI iShares China Large-Cap ETF 7.6 74 16 17.1 +9.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 7.5 80 10 14.4 +6.7
GXC SPDR S&P China ETF 7.5 59 31 16.4 +8.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.4 20 70 10.7 +3.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.4 25 65 6.4 -1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.4 95 -5 12.7 +5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.1 32 58 9.3 +1.6
AVEM Avantis Emerging Markets Equity ETF 7.0 33 57 9.2 +1.5
EDIV SPDR S&P Emerging Markets Dividend ETF 6.8 49 41 11.8 +4.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.8 53 37 7.7 0.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.8 70 20 14.4 +6.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.7 35 55 19.3 +11.6
FLCH Franklin FTSE China ETF 6.7 19 71 16.8 +9.1
DFEV Dimensional Emerging Markets Value ETF 6.5 43 47 13.3 +5.6
DVYE iShares Emerging Markets Dividend ETF 6.5 49 41 18.7 +11.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.2 58 32 9.7 +2.1
MEM Matthews Emerging Markets Equity Active ETF 6.1 79 11 8.0 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 6.0 63 27 13.2 +5.5
BKF iShares MSCI BIC ETF 6.0 69 21 13.3 +5.6
KALL KraneShares MSCI All China Index ETF 5.9 49 41 14.7 +7.1
AVSE Avantis Responsible Emerging Markets Equity ETF 5.9 33 57 8.6 +0.9
RODE Hartford Multifactor Diversified International ETF 5.9 29 61 12.7 +5.0
CHIQ Global X MSCI China Consumer Discretionary ETF 5.7 65 25 16.5 +8.8
VSGX Vanguard ESG International Stock ETF 5.7 10 80 7.9 +0.2
CGRO CoreValues Alpha Greater China Growth ETF 5.7 75 15 3.8 -3.9
VIDI Vident International Equity Strategy ETF 5.6 61 29 11.4 +3.7
PATN Pacer Nasdaq International Patent Leaders ETF 5.5 65 25 6.3 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.1 42 48 6.7 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 5.1 34 56 7.8 +0.2
TCHI iShares MSCI China Multisector Tech ETF 5.0 59 31 17.5 +9.9
CLNR IQ Cleaner Transport ETF 5.0 45 45 6.6 -1.1
ECNS iShares MSCI China Small-Cap ETF 4.8 59 31 9.6 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 4.8 4 86 8.2 +0.5
KNCT Invesco Next Gen Connectivity ETF 4.7 40 50 4.9 -2.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.7 33 57 8.6 +1.0
IXUS iShares Core MSCI Total International Stock ETF 4.6 7 83 8.0 +0.3
KTEC KraneShares Hang Seng TECH Index ETF 4.5 69 21 18.6 +10.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.5 41 49 7.8 +0.1
VXUS Vanguard Total International Stock ETF 4.4 5 85 8.0 +0.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 72 7.6 -0.1
TUR iShares MSCI Turkey ETF 4.3 58 32 20.6 +12.9
FBZ First Trust Brazil AlphaDEX Fund 4.2 80 10 12.0 +4.3
FLN First Trust Latin America AlphaDEX Fund 4.2 80 10 10.2 +2.6
IXN iShares Global Tech ETF 4.2 41 49 3.9 -3.8
FPXI First Trust International Equity Opportunities ETF 4.2 70 20 3.5 -4.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.9 60 30 10.3 +2.6
FLBR Franklin FTSE Brazil ETF 3.9 19 71 14.9 +7.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.8 32 58 17.6 +9.9
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 43 9.3 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.8 47 43 8.5 +0.8
JCHI JPMorgan Active China ETF 3.7 65 25 15.9 +8.2
IWTR iShares MSCI Water Management Multisector ETF 3.7 47 43 5.6 -2.1
EWW iShares MSCI Mexico ETF 3.7 50 40 10.1 +2.4
FLLA Franklin FTSE Latin America ETF 3.7 19 71 13.3 +5.7
NXTG First Trust Indxx NextG ETF 3.6 70 20 5.3 -2.4
EWZ iShares MSCI Brazil ETF 3.6 58 32 12.9 +5.2
EWM iShares MSCI Malaysia ETF 3.4 50 40 7.0 -0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.3 70 20 7.8 +0.1
JIG JPMorgan International Growth ETF 3.3 55 35 4.7 -3.0
MINV Matthews Asia Innovators Active ETF 3.3 79 11 7.7 +0.0
FBOT Fidelity Disruptive Automation ETF 3.3 50 40 3.7 -4.0
AGQI First Trust Active Global Quality Income ETF 3.3 85 5 5.3 -2.4
EWX SPDR S&P Emerging Markets Small Cap ETF 3.2 65 25 8.2 +0.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.2 67 23 13.7 +6.0
CGXU Capital Group International Focus Equity ETF 3.1 54 36 5.7 -1.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.1 42 48 9.9 +2.2
MOTI VanEck Morningstar International Moat ETF 2.9 58 32 11.0 +3.3
AIVC Amplify Bloomberg AI Value Chain ETF 2.9 59 31 6.0 -1.7
ACWV iShares MSCI Global Min Vol Factor ETF 2.9 20 70 5.9 -1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 60 8.1 +0.4
CHAT Roundhill Generative AI & Technology ETF 2.8 75 15 7.9 +0.3
OAIM OneAscent International Equity ETF 2.7 95 -5 5.6 -2.0
FRDM Freedom 100 Emerging Markets ETF 2.4 49 41 8.7 +1.0
VYMI Vanguard International High Dividend Yield ETF 2.4 17 73 9.8 +2.1
MCH Matthews China Active ETF 2.4 79 11 15.3 +7.6
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 22 15.6 +8.0
ARVR First Trust Indxx Metaverse ETF 2.3 70 20 4.0 -3.6
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 38 6.7 -1.0
SDIV Global X Superdividend ETF 2.2 58 32 40.4 +32.8
EMC Global X Emerging Markets Great Consumer ETF 2.1 75 15 8.8 +1.1
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 40 4.4 -3.3
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 60 7.8 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.0 20 70 5.8 -1.9
GGME Invesco Next Gen Media and Gaming ETF 2.0 60 30 4.3 -3.4
KLMT Invesco MSCI Global Climate 500 ETF 1.9 10 80 5.9 -1.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.9 75 15 4.9 -2.8
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 15 3.6 -4.1
CQQQ Invesco China Technology ETF 1.8 70 20 10.4 +2.7
ACWI iShares MSCI ACWI ETF 1.8 32 58 5.7 -2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 78 5.2 -2.5
WRND IQ Global Equity R&D Leaders ETF 1.8 18 72 8.4 +0.7
VT Vanguard Total World Stock ETF 1.7 6 84 6.0 -1.7
JSTC Adasina Social Justice All Cap Global ETF 1.6 89 1 4.8 -2.9
WWJD Inspire International ETF 1.6 80 10 7.2 -0.4
GLOF iShares Global Equity Factor ETF 1.5 20 70 6.7 -1.0
PBD Invesco Global Clean Energy ETF 1.5 75 15 0.6 -7.1
KGRN KraneShares MSCI China Clean Technology Index ETF 1.5 79 11 3.6 -4.1
ARTY iShares Future AI & Tech ETF 1.5 47 43 3.3 -4.4
HERO Global X Video Games & Esports ETF 1.5 50 40 3.9 -3.8
UMMA Wahed Dow Jones Islamic World ETF 1.5 65 25 5.1 -2.6
FLHK Franklin FTSE Hong Kong ETF 1.5 9 81 7.1 -0.6
WAR U.S. Global Tech and Aerospace & Defense ETF 1.4 60 30 3.4 -4.2
GDXJ VanEck Junior Gold Miners ETF 1.4 52 38 5.7 -2.0
EZA iShares MSCI South Africa ETF 1.4 58 32 10.5 +2.8
JGLO JPMorgan Global Select Equity ETF 1.4 33 57 4.9 -2.8
BLDG Cambria Global Real Estate ETF 1.4 60 30 12.0 +4.4
DSTX Distillate International Fundamental Stability & Value ETF 1.3 55 35 8.1 +0.4
GVAL Cambria Global Value ETF 1.3 68 22 11.0 +3.4
DEW WisdomTree Global High Dividend Fund 1.3 58 32 8.7 +1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 25 7.4 -0.3
ESPO VanEck Video Gaming and eSports ETF 1.2 56 34 4.2 -3.5
GSIB Themes Global Systemically Important Banks ETF 1.2 35 55 9.7 +2.0
QTUM Defiance Quantum ETF 1.2 40 50 5.4 -2.3
IXG iShares Global Financials ETF 1.2 42 48 6.8 -0.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 30 10.9 +3.2
XT iShares Exponential Technologies ETF 1.1 46 44 4.8 -2.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 44 10.2 +2.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.1 39 51 -0.9 -8.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 18 -0.8 -8.5
ERTH Invesco MSCI Sustainable Future ETF 1.1 62 28 3.6 -4.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 41 6.2 -1.5
ILF iShares Latin America 40 ETF 1.1 48 42 12.9 +5.2
KURE KraneShares MSCI All China Health Care Index ETF 1.0 65 25 3.1 -4.6
GSFP Goldman Sachs Future Planet Equity ETF 1.0 75 15 4.6 -3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 15 3.1 -4.6
OCEN IQ Clean Oceans ETF 1.0 45 45 6.3 -1.4
ROBO ROBO Global Robotics & Automation Index ETF 1.0 95 -5 3.5 -4.1
IBAT iShares Energy Storage & Materials ETF 1.0 47 43 5.4 -2.3
FMET Fidelity Metaverse ETF 1.0 39 51 4.8 -2.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 82 6.8 -0.9
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 15 5.1 -2.6
IQRA IQ CBRE Real Assets ETF 0.9 65 25 5.8 -1.9
JETS U.S. Global Jets ETF 0.9 60 30 2.8 -4.9
GDX VanEck Gold Miners ETF 0.9 51 39 4.4 -3.3
SLVP iShares MSCI Global Silver Miners ETF 0.9 39 51 8.3 +0.6
AUMI Themes Gold Miners ETF 0.9 35 55 5.7 -2.0
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 31 5.5 -2.1
ICLN iShares Global Clean Energy ETF 0.9 41 49 5.8 -1.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 25 2.2 -5.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 30 2.1 -5.6
SOCL Global X Social Media ETF 0.8 65 25 7.9 +0.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.8 61 29 1.5 -6.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 29 -2.3 -10.0
THD iShares MSCI Thailand ETF 0.8 58 32 0.0 -7.7
DTAN Sparkline International Intangible Value ETF 0.8 55 35 8.1 +0.5
BLES Inspire Global Hope ETF 0.8 61 29 6.8 -0.9
RING iShares MSCI Global Gold Miners ETF 0.8 39 51 5.6 -2.1
FLMX Franklin FTSE Mexico ETF 0.8 19 71 10.5 +2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 51 13.6 +5.9
COPY Tweedy, Browne Insider + Value ETF 0.7 80 10 11.8 +4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 80 8.1 +0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 53 8.5 +0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 25 11.5 +3.9
AFK VanEck Africa Index ETF 0.6 98 -8 11.8 +4.1
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 6.5 -1.2
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 7.2 -0.5
LIVR Intelligent Livermore ETF 0.6 69 21 6.2 -1.5
IDX VanEck Indonesia Index ETF 0.6 57 33 9.6 +1.9
GOEX Global X Gold Explorers ETF 0.6 65 25 4.3 -3.4
EIDO iShares MSCI Indonesia ETF 0.6 59 31 9.9 +2.3
ISHP First Trust Nasdaq Retail ETF 0.5 60 30 5.2 -2.4
BOAT SonicShares Global Shipping ETF 0.5 69 21 31.6 +23.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 43 3.5 -4.2
IDRV iShares Self-driving EV & Tech ETF 0.5 47 43 1.6 -6.1
IPOS Renaissance International IPO ETF 0.5 80 10 10.1 +2.4
SMOG VanEck Low Carbon Energy ETF 0.5 61 29 1.6 -6.1
BATT Amplify Lithium & Battery Technology ETF 0.5 59 31 3.8 -3.9
MDEV First Trust Indxx Medical Devices ETF 0.5 70 20 4.3 -3.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 21 2.4 -5.3
SCHY Schwab International Dividend Equity ETF 0.5 14 76 9.6 +1.9
SUPL ProShares Supply Chain Logistics ETF 0.5 58 32 11.3 +3.6
RCGE RockCreek Global Equality ETF 0.5 95 -5 6.3 -1.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 71 6.0 -1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 5.9 -1.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 22 5.5 -2.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 51 11.4 +3.7
SHLD Global X Defense Tech ETF 0.4 50 40 3.5 -4.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 43 5.8 -1.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 20 5.2 -2.5
INTF iShares International Equity Factor ETF 0.4 15 75 7.8 +0.2
FCLD Fidelity Cloud Computing ETF 0.4 39 51 3.1 -4.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 78 7.9 +0.2
CGDG Capital Group Dividend Growers ETF 0.4 47 43 6.2 -1.5
CGV Conductor Global Equity Value ETF 0.4 130 -40 8.7 +1.0
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 51 8.4 +0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 10 10.0 +2.3
JHDV John Hancock U.S. High Dividend ETF 0.3 34 56 6.7 -1.0
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 30 10.9 +3.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 10 11.2 +3.6
SHPP Pacer Industrials and Logistics ETF 0.3 60 30 8.4 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 4 13.3 +5.7
SNSR Global X Internet of Things ETF 0.2 68 22 4.4 -3.3
NATO Themes Transatlantic Defense ETF 0.2 35 55 2.4 -5.3
GNR SPDR S&P Global Natural Resources ETF 0.2 40 50 11.3 +3.7
GINN Goldman Sachs Innovate Equity ETF 0.2 52 38 3.7 -4.0
VPL Vanguard FTSE Pacific ETF 0.2 7 83 7.1 -0.5
DFGR Dimensional Global Real Estate ETF 0.1 22 68 7.5 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 41 6.9 -0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 70 7.2 -0.5
AVRE Avantis Real Estate ETF 0.1 17 73 7.1 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 66 7.5 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 51 5.9 -1.8
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 7.2 -0.5
SCHC Schwab International Small-Cap Equity ETF 0.1 11 79 6.8 -0.9
SCHF Schwab International Equity ETF 0.1 6 84 7.4 -0.3
REET iShares Global REIT ETF 0.1 14 76 7.6 -0.1
IGRO iShares International Dividend Growth ETF 0.1 15 75 7.2 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 45 8.9 +1.2
VEA Vanguard FTSE Developed Markets ETF 0.1 3 87 7.3 -0.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 81 8.1 +0.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 80 6.1 -1.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.8 -2.9
BKIE BNY Mellon International Equity ETF 0.0 4 86 7.1 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 7.0 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 6.9 -0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 8.2 +0.5
IVRS iShares Future Metaverse Tech and Communications ETF 0.0 47 43 2.7 -5.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

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

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

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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