Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.1x P/Sales
ratio		 1.1x
P/BV
ratio		 2.1x Div.
yield		 3.5%


  • 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 PowerShares
Website www.powershares.com
Inception date Dec 28, 2007
Assets (mns) $131
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) $25,557
Large cap (>$10bn) 22.6%
Mid cap ($2-10bn) 55.9%
Small cap (<$2bn) 19.4%
Developed mkts 3.5%
Emerging mkts 96.5%

TOP TEN HOLDINGS
JINAN ACETATE CHEMICAL CO LTD 4.1 %
TOPCO SCIENTIFIC CO LTD 3.2 %
FRONTKEN CORP. BHD. 3.0 %
FORTUNE ELECTRIC CO LTD 3.0 %
ASIA VITAL COMPONENTS 2.7 %
L&K ENGINEERING CO LTD 2.5 %
SHINY CHEMICAL INDUSTRIAL CO., LTD 2.5 %
TAIWAN SEMICONDUCTOR MANUFAC 2.4 %
SHIHLIN ELECTRIC & ENGINEER 2.3 %
HRT PARTICIPACOES EM PETROLE 2.2 %
Total 27.8 %

TOP COUNTRY EXPOSURE
TAIWAN 48.3 %
TURKEY 11.3 %
MEXICO 10.9 %
CHINA 6.5 %
MALAYSIA 6.0 %
BRAZIL 3.3 %
SOUTH AFRICA 3.1 %
INDONESIA 2.9 %
HONG KONG 0.6 %
PHILIPPINES 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 17.2% 6.9% 3.7% 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 49%
MSCI EAFE 0.91 63%
MSCI Emg. Mkts. 0.99 80%

Technical Indicators
Recent close $20.75
30d moving avg. $18.88
Annualized volatility 19.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.2%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $4,221

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 253 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™: 7.0%


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 16.9 80 10 16.3 +9.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 14.1 45 45 12.7 +5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 11.6 29 61 6.2 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 11.4 58 32 10.1 +3.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 11.3 80 10 14.2 +7.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.0 44 46 10.3 +3.3
EYLD Cambria Emerging Shareholder Yield ETF 10.0 66 24 12.1 +5.1
FLTW Franklin FTSE Taiwan ETF 10.0 19 71 6.0 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 9.9 44 46 11.7 +4.7
DEHP Dimensional Emerging Markets High Profitability ETF 9.5 41 49 7.3 +0.3
FLMX Franklin FTSE Mexico ETF 9.4 19 71 10.8 +3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.3 88 2 6.2 -0.8
FDEM Fidelity Emerging Markets Multifactor ETF 9.2 25 65 11.9 +5.0
EMMF WisdomTree Emerging Markets Multifactor Fund 9.2 48 42 9.4 +2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 9.1 32 58 7.6 +0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 9.0 49 41 12.4 +5.4
EWW iShares MSCI Mexico ETF 8.9 50 40 9.7 +2.7
EWT iShares MSCI Taiwan ETF 8.6 58 32 5.7 -1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.6 70 20 11.4 +4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.6 39 51 12.5 +5.6
AVES Avantis Emerging Markets Value ETF 8.5 36 54 12.1 +5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.1 50 40 10.5 +3.6
TUR iShares MSCI Turkey ETF 8.1 58 32 18.6 +11.7
XC WisdomTree Emerging Markets Ex-China Fund 8.0 32 58 6.2 -0.8
RNEM First Trust Emerging Markets Equity Select ETF 8.0 75 15 8.2 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 7.9 7 83 7.5 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 7.8 49 41 8.3 +1.4
VWO Vanguard FTSE Emerging Markets ETF 7.8 8 82 7.6 +0.6
EMGF iShares Emerging Markets Equity Factor ETF 7.8 25 65 8.7 +1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 7.7 24 66 7.1 +0.2
SCHE Schwab Emerging Markets Equity ETF 7.7 11 79 7.6 +0.6
DFAE Dimensional Emerging Core Equity Market ETF 7.6 35 55 7.7 +0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.6 38 52 8.2 +1.3
FLN First Trust Latin America AlphaDEX Fund 7.5 80 10 11.1 +4.1
XCEM Columbia EM Core ex-China ETF 7.4 16 74 7.4 +0.4
DFEV Dimensional Emerging Markets Value ETF 7.3 43 47 10.9 +4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 7.2 70 20 7.2 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 7.2 9 81 7.5 +0.6
FLLA Franklin FTSE Latin America ETF 7.1 19 71 11.7 +4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.1 95 -5 11.4 +4.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.1 41 49 7.8 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 7.1 25 65 6.7 -0.3
BKEM BNY Mellon Emerging Markets Equity ETF 7.0 11 79 7.7 +0.7
VIDI Vident International Equity Strategy ETF 6.9 61 29 11.9 +5.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.8 36 54 7.5 +0.5
STXE Strive Emerging Markets Ex-China ETF 6.8 32 58 6.9 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.8 59 31 9.6 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.7 32 58 6.3 -0.7
EEM iShares MSCI Emerging Markets ETF 6.7 69 21 7.0 0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 6.6 33 57 7.2 +0.2
DEM WisdomTree Emerging Markets High Dividend Fund 6.6 63 27 12.9 +6.0
EDIV SPDR S&P Emerging Markets Dividend ETF 6.6 49 41 10.9 +3.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.6 45 45 8.6 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.4 66 24 7.2 +0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.3 15 75 7.1 +0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.2 29 61 8.3 +1.4
RODE Hartford Multifactor Diversified International ETF 6.1 29 61 11.5 +4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.9 30 60 7.5 +0.5
ESGE iShares ESG Aware MSCI EM ETF 5.9 25 65 7.7 +0.7
AVEM Avantis Emerging Markets Equity ETF 5.9 33 57 9.1 +2.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 5.9 18 72 7.9 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.8 30 60 8.5 +1.6
GMF SPDR S&P Emerging Asia Pacific ETF 5.8 49 41 6.4 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 5.7 17 73 7.7 +0.8
EMXF iShares ESG Advanced MSCI EM ETF 5.7 16 74 7.4 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 5.6 49 41 6.7 -0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.4 75 15 9.6 +2.6
MEM Matthews Emerging Markets Equity Active ETF 5.4 79 11 5.7 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.4 70 20 6.3 -0.7
FCA First Trust China AlphaDEX Fund 5.3 80 10 17.6 +10.7
FLAX Franklin FTSE Asia Ex Japan ETF 5.3 19 71 7.2 +0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.3 20 70 7.5 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.6 42 48 6.8 -0.1
CHAT Roundhill Generative AI & Technology ETF 4.6 75 15 4.2 -2.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.4 40 50 7.1 +0.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.3 67 23 17.5 +10.5
IQDF FlexShares International Quality Dividend Index Fund 4.0 47 43 10.7 +3.8
EMM Global X Emerging Markets ex-China ETF 4.0 75 15 3.7 -3.3
AIA iShares Asia 50 ETF 4.0 50 40 6.9 -0.1
VSGX Vanguard ESG International Stock ETF 3.8 12 78 6.8 -0.1
EWX SPDR S&P Emerging Markets Small Cap ETF 3.8 65 25 7.7 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 30 10.0 +3.1
ACWX iShares MSCI ACWI ex U.S. ETF 3.5 34 56 6.7 -0.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.5 25 65 7.0 +0.1
MINV Matthews Asia Innovators Active ETF 3.4 79 11 2.8 -4.1
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 83 6.9 -0.0
NUEM Nuveen ESG Emerging Markets Equity ETF 3.3 36 54 6.8 -0.2
VXUS Vanguard Total International Stock ETF 3.3 7 83 7.1 +0.2
FXI iShares China Large-Cap ETF 3.2 74 16 9.6 +2.6
EMC Global X Emerging Markets Great Consumer ETF 3.1 75 15 4.9 -2.1
BRAZ Global X Brazil Active ETF 3.1 75 15 10.3 +3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 41 49 6.7 -0.3
ILF iShares Latin America 40 ETF 3.1 48 42 10.3 +3.3
MCHI iShares MSCI China ETF 3.1 59 31 8.9 +2.0
PBD Invesco Global Clean Energy ETF 3.0 75 15 -3.9 -10.8
EWM iShares MSCI Malaysia ETF 3.0 50 40 5.7 -1.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.9 60 30 0.9 -6.0
CGXU Capital Group International Focus Equity ETF 2.9 54 36 4.1 -2.8
FLCH Franklin FTSE China ETF 2.9 19 71 9.6 +2.6
GXC SPDR S&P China ETF 2.8 59 31 9.0 +2.1
IDX VanEck Indonesia Index ETF 2.8 57 33 7.9 +0.9
EIDO iShares MSCI Indonesia ETF 2.7 59 31 7.6 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 2.7 8 82 7.2 +0.2
FRDM Freedom 100 Emerging Markets ETF 2.6 49 41 7.3 +0.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.6 68 22 8.8 +1.8
IQDE FlexShares International Quality Dividend Defensive Index ET 2.6 47 43 10.7 +3.7
DVYE iShares Emerging Markets Dividend ETF 2.6 49 41 16.6 +9.6
IXN iShares Global Tech ETF 2.5 41 49 4.3 -2.6
EZA iShares MSCI South Africa ETF 2.4 58 32 11.4 +4.4
EWZ iShares MSCI Brazil ETF 2.4 58 32 11.9 +4.9
GBUY Goldman Sachs Future Consumer Equity ETF 2.4 75 15 3.1 -3.8
KNCT Invesco Next Gen Connectivity ETF 2.4 40 50 5.9 -1.1
IWTR iShares MSCI Water Management Multisector ETF 2.4 47 43 4.8 -2.1
CLNR IQ Cleaner Transport ETF 2.4 45 45 8.3 +1.3
FBZ First Trust Brazil AlphaDEX Fund 2.4 80 10 11.9 +5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.4 30 60 7.8 +0.8
MOTI VanEck Morningstar International Moat ETF 2.3 58 32 6.9 -0.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 38 5.8 -1.2
BKF iShares MSCI BIC ETF 2.2 69 21 7.1 +0.1
FTRI First Trust Indxx Global Natural Resources Income ETF 2.2 70 20 10.6 +3.7
VYMI Vanguard International High Dividend Yield ETF 2.2 22 68 9.7 +2.8
JETS U.S. Global Jets ETF 2.2 60 30 -15.6 -22.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.1 49 41 5.8 -1.2
KALL KraneShares MSCI All China Index ETF 2.1 49 41 9.4 +2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.1 7 83 6.5 -0.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 30 14.7 +7.7
OBOR KraneShares MSCI One Belt One Road Index ETF 2.0 79 11 10.3 +3.4
GLOF iShares Global Equity Factor ETF 1.9 20 70 7.1 +0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.9 20 70 10.7 +3.7
RING iShares MSCI Global Gold Miners ETF 1.9 39 51 5.7 -1.2
DWX SPDR S&P International Dividend ETF 1.9 45 45 7.1 +0.1
FLBR Franklin FTSE Brazil ETF 1.9 19 71 12.4 +5.4
COPX Global X Copper Miners ETF 1.8 65 25 6.9 -0.0
CN Xtrackers MSCI All China Equity ETF 1.8 50 40 8.7 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 43 10.3 +3.3
ECON Columbia Emerging Markets Consumer ETF 1.7 49 41 4.8 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 70 6.7 -0.3
DEW WisdomTree Global High Dividend Fund 1.6 58 32 9.1 +2.2
TCHI iShares MSCI China Multisector Tech ETF 1.6 59 31 3.0 -3.9
CHIQ Global X MSCI China Consumer Discretionary ETF 1.6 65 25 5.3 -1.6
IWFH iShares Virtual Work and Life Multisector ETF 1.6 47 43 -3.5 -10.4
BTEK Future Tech ETF 1.6 88 2 2.1 -4.9
FILL iShares MSCI Global Energy Producers ETF 1.5 39 51 9.0 +2.0
WWJD Inspire International ETF 1.5 80 10 7.1 +0.2
ASEA Global X FTSE Southeast Asia ETF 1.5 65 25 6.5 -0.5
HJEN Direxion Hydrogen ETF 1.3 45 45 -3.2 -10.1
ACWI iShares MSCI ACWI ETF 1.3 32 58 5.5 -1.5
GDX VanEck Gold Miners ETF 1.3 51 39 4.7 -2.3
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 35 8.0 +1.1
WRND IQ Global Equity R&D Leaders ETF 1.2 18 72 7.2 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 70 5.6 -1.4
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 60 6.8 -0.1
VT Vanguard Total World Stock ETF 1.2 7 83 5.8 -1.1
ECNS iShares MSCI China Small-Cap ETF 1.1 59 31 14.2 +7.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 44 8.8 +1.9
MXI iShares Global Materials ETF 1.0 41 49 6.6 -0.3
JIG JPMorgan International Growth ETF 1.0 55 35 4.3 -2.6
SCHY Schwab International Dividend Equity ETF 0.9 14 76 9.3 +2.3
CGV Conductor Global Equity Value ETF 0.9 130 -40 11.3 +4.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 32 4.6 -2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 78 5.1 -1.9
BLES Inspire Global Hope ETF 0.8 61 29 6.3 -0.6
MCH Matthews China Active ETF 0.8 79 11 6.1 -0.9
JCHI JPMorgan Active China ETF 0.8 65 25 7.9 +1.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 15 3.2 -3.8
DGT SPDR Global Dow ETF 0.7 50 40 6.7 -0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 43 5.9 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 51 11.0 +4.0
IXC iShares Global Energy ETF 0.7 44 46 8.2 +1.3
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 32 11.6 +4.7
IXG iShares Global Financials ETF 0.7 42 48 6.8 -0.1
XT iShares Exponential Technologies ETF 0.7 46 44 3.9 -3.1
SLVP iShares MSCI Global Silver Miners ETF 0.6 39 51 3.8 -3.1
QINT American Century Quality Diversified International ETF 0.6 39 51 7.4 +0.5
BRF VanEck Brazil Small-Cap ETF 0.6 66 24 7.9 +1.0
EWZS iShares MSCI Brazil Small-Cap ETF 0.6 59 31 8.2 +1.3
CGUS Capital Group Core Equity ETF 0.6 33 57 4.7 -2.3
FYLD Cambria Foreign Shareholder Yield ETF 0.6 59 31 12.0 +5.0
SDIV Global X Superdividend ETF 0.6 58 32 17.6 +10.7
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 43 5.3 -1.6
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 20 9.1 +2.2
EPHE iShares MSCI Philippines ETF 0.6 59 31 8.9 +2.0
TMFG Motley Fool Global Opportunities ETF 0.6 85 5 3.3 -3.7
SHPP Pacer Industrials and Logistics ETF 0.6 60 30 8.9 +1.9
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 31 7.2 +0.2
GMET VanEck Green Metals ETF 0.6 63 27 9.8 +2.8
HAP VanEck Natural Resources ETF 0.6 50 40 9.5 +2.5
DMAT Global X Disruptive Materials ETF 0.6 59 31 9.9 +3.0
AFK VanEck Africa Index ETF 0.5 98 -8 10.0 +3.1
IGRO iShares International Dividend Growth ETF 0.5 15 75 7.1 +0.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.5 49 41 19.0 +12.1
IDAT iShares Future Cloud 5G and Tech ETF 0.5 47 43 4.5 -2.4
CRAK VanEck Oil Refiners ETF 0.5 61 29 13.1 +6.1
THD iShares MSCI Thailand ETF 0.5 58 32 5.8 -1.2
GDVD R3 Global Dividend Growth ETF 0.5 88 2 5.8 -1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 5.7 -1.2
JRNY ALPS Global Travel Beneficiaries ETF 0.5 65 25 0.0 -7.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.5 86 4 1.9 -5.0
LOUP Innovator Deepwater Frontier Tech ETF 0.5 70 20 2.3 -4.7
FPXI First Trust International Equity Opportunities ETF 0.5 70 20 3.6 -3.3
BPAY BlackRock Future Financial and Technology ETF 0.5 70 20 8.3 +1.3
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 67 3.8 -3.1
SFYF SoFi Social 50 ETF 0.5 29 61 -2.6 -9.6
FXO First Trust Financials AlphaDEX Fund 0.5 62 28 9.2 +2.3
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 5 -4.7 -11.6
IPO Renaissance IPO ETF 0.5 60 30 -3.2 -10.2
AOTG AOT Growth and Innovation ETF 0.5 75 15 3.0 -3.9
TIME Clockwise Core Equity & Innovation ETF 0.5 95 -5 2.0 -5.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.5 68 22 5.3 -1.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 4 1.9 -5.0
BLOK Amplify Transformational Data Sharing ETF 0.5 75 15 1.1 -5.8
JOET Virtus Terranova US Quality Momentum ETF 0.5 29 61 5.2 -1.8
CBSE Clough Select Equity ETF 0.5 85 5 -2.3 -9.2
ARKF ARK Fintech Innovation ETF 0.5 75 15 -2.2 -9.2
IYF iShares U.S. Financials ETF 0.5 40 50 6.3 -0.7
EMFQ Amplify Emerging Markets FinTech ETF 0.5 69 21 5.4 -1.5
ARKW ARK Next Generation Internet ETF 0.5 87 3 -2.9 -9.9
TTAI FCF International Quality ETF 0.4 59 31 7.4 +0.4
FM iShares Frontier and Select EM ETF 0.4 80 10 9.5 +2.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 1 4.8 -2.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 43 5.2 -1.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 80 8.2 +1.2
GINN Goldman Sachs Innovate Equity ETF 0.4 52 38 2.7 -4.3
CGGR Capital Group Growth ETF 0.3 39 51 3.5 -3.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 78 8.7 +1.8
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 3.8 -3.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 78 4.8 -2.1
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 51 9.2 +2.3
IWR iShares Russell Midcap ETF 0.2 19 71 5.7 -1.3
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 40 6.9 -0.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 70 2.1 -4.9
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 77 2.8 -4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 51 4.5 -2.4
LRGF iShares U.S. Equity Factor ETF 0.2 8 82 5.8 -1.1
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 75 5.6 -1.4
KXI iShares Global Consumer Staples ETF 0.1 41 49 5.6 -1.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 58 5.2 -1.8
RVRB Reverb ETF 0.1 30 60 5.0 -2.0
IWS iShares Russell Mid-Cap Value ETF 0.1 23 67 6.6 -0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 48 5.1 -1.8
IWF iShares Russell 1000 Growth ETF 0.1 19 71 4.7 -2.2
VONG Vanguard Russell 1000 Growth ETF 0.1 8 82 4.8 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 70 6.0 -1.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 81 5.1 -1.9
IWB iShares Russell 1000 ETF 0.1 15 75 5.1 -1.8
VONE Vanguard Russell 1000 ETF 0.1 8 82 5.2 -1.7
IWV iShares Russell 3000 ETF 0.1 20 70 5.0 -2.0
VTHR Vanguard Russell 3000 ETF 0.1 10 80 5.1 -1.9
AVUS Avantis U.S. Equity ETF 0.0 15 75 6.0 -0.9
VONV Vanguard Russell 1000 Value ETF 0.0 8 82 6.7 -0.2
IWD iShares Russell 1000 Value ETF 0.0 19 71 6.6 -0.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 76 5.4 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 70 7.1 +0.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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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
  2023 2024E 2025E
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Price-to-earnings ** ** **
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Historical valuation trends

Forward
multiple:		 Invesco Dorsey Wright Emerging Markets Momentum 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 15.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.39
 
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.