Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 8.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 10.8x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x Div.
yield		 2.9%


  • 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) $92
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 98
Wgt avg mkt cap (mns) $30,290
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
TOPCO SCIENTIFIC CO LTD 2.9 %
QL RESOURCES BHD 2.8 %
POP MART INTERNATIONAL GROUP LIMIT 2.6 %
TAIWAN SEMICONDUCTOR MANUFAC 2.6 %
SHINY CHEMICAL INDUSTRIAL CO., LTD 2.5 %
ASIA VITAL COMPONENTS 2.5 %
CLICKS GROUP LTD 2.2 %
SEMIRARA MINING AND POWER CO 2.1 %
WIWYNN CORP. 2.1 %
PEGASUS HAVA TASIMACILIGI AS 2.1 %
Total 24.5 %

TOP COUNTRY EXPOSURE
TAIWAN 36.6 %
CHINA 17.4 %
MALAYSIA 10.8 %
TURKEY 7.2 %
SOUTH AFRICA 6.0 %
MEXICO 5.0 %
PHILIPPINES 3.1 %
BRAZIL 2.6 %
THAILAND 2.4 %
HUNGARY 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.4% -6.5% 3.4% 2.0% -0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.71 45%
MSCI EAFE 0.82 61%
MSCI Emg. Mkts. 0.95 83%

Technical Indicators
Recent close $18.20
30d moving avg. $18.94
Annualized volatility 18.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 28
Turnover 0.6%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 246 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™: 8.4%


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 16.8 80 10 13.8 +5.4
EWT iShares MSCI Taiwan ETF 15.9 58 32 6.8 -1.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 15.5 45 45 11.1 +2.7
FLTW Franklin FTSE Taiwan ETF 15.0 19 71 7.0 -1.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 11.6 80 10 13.6 +5.2
FTHF First Trust Emerging Markets Human Flourishing ETF 11.5 75 15 9.8 +1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 11.5 29 61 6.2 -2.2
ECON Columbia Emerging Markets Consumer ETF 11.4 49 41 12.9 +4.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.3 32 58 7.0 -1.4
FCA First Trust China AlphaDEX Fund 10.8 80 10 11.3 +2.9
EYLD Cambria Emerging Shareholder Yield ETF 10.5 66 24 13.1 +4.7
PXH Invesco FTSE RAFI Emerging Markets ETF 10.4 49 41 16.7 +8.3
EMXF iShares ESG Advanced MSCI EM ETF 10.3 16 74 8.4 +0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.2 44 46 11.0 +2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.2 88 2 10.3 +1.9
FDEM Fidelity Emerging Markets Multifactor ETF 10.1 25 65 13.5 +5.1
ROAM Hartford Multifactor Emerging Markets ETF 9.9 44 46 11.3 +2.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.7 39 51 16.9 +8.5
XC WisdomTree Emerging Markets Ex-China Fund 9.5 32 58 5.5 -2.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 9.3 15 75 8.6 +0.2
SCHE Schwab Emerging Markets Equity ETF 9.3 11 79 11.6 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 9.2 49 41 10.5 +2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.2 50 40 11.6 +3.2
EEMA iShares MSCI Emerging Markets Asia ETF 9.2 49 41 10.7 +2.3
VWO Vanguard FTSE Emerging Markets ETF 9.1 8 82 10.9 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 9.1 7 83 10.9 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 9.1 30 60 10.6 +2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.0 24 66 8.3 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.0 45 45 11.0 +2.6
EEM iShares MSCI Emerging Markets ETF 8.9 69 21 10.7 +2.3
ESGE iShares ESG Aware MSCI EM ETF 8.9 25 65 10.7 +2.3
IEMG iShares Core MSCI Emerging Markets ETF 8.9 9 81 10.9 +2.5
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 79 11.8 +3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.8 66 24 10.2 +1.8
EMGF iShares Emerging Markets Equity Factor ETF 8.8 25 65 12.4 +4.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.8 41 49 9.4 +1.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.8 15 75 10.8 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.7 70 20 9.8 +1.4
DFAE Dimensional Emerging Core Equity Market ETF 8.6 35 55 10.2 +1.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.6 36 54 11.2 +2.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.6 33 57 10.6 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 8.6 49 41 10.0 +1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 8.5 15 75 0.0 -8.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 31 13.7 +5.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.4 30 60 9.3 +0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 42 7.8 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.4 32 58 9.6 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 8.3 19 71 10.8 +2.4
XCEM Columbia EM Core ex-China ETF 8.3 16 74 8.5 +0.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.2 38 52 9.9 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 8.1 25 65 8.0 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.7 20 70 11.3 +2.9
TUR iShares MSCI Turkey ETF 7.6 58 32 19.2 +10.8
STXE Strive Emerging Markets Ex-China ETF 7.6 32 58 8.2 -0.3
AIA iShares Asia 50 ETF 7.5 50 40 14.7 +6.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.3 95 -5 13.1 +4.7
EWM iShares MSCI Malaysia ETF 7.3 50 40 6.6 -1.8
AVEM Avantis Emerging Markets Equity ETF 7.2 33 57 9.7 +1.3
RNEM First Trust Emerging Markets Equity Select ETF 7.1 75 15 1.0 -7.4
LDEM iShares ESG MSCI EM Leaders ETF 7.1 17 73 12.9 +4.5
DFEV Dimensional Emerging Markets Value ETF 6.9 43 47 14.5 +6.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.9 40 50 5.6 -2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.8 29 61 8.7 +0.3
DEHP Dimensional Emerging Markets High Profitability ETF 6.8 41 49 6.5 -1.9
DVYE iShares Emerging Markets Dividend ETF 6.5 49 41 18.9 +10.5
AVES Avantis Emerging Markets Value ETF 6.5 36 54 12.2 +3.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.5 58 32 10.1 +1.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.4 25 65 6.5 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.3 70 20 15.8 +7.4
NUEM Nuveen ESG Emerging Markets Equity ETF 5.7 36 54 8.1 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.6 35 55 21.6 +13.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.5 75 15 10.3 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.4 42 48 6.8 -1.6
RODE Hartford Multifactor Diversified International ETF 5.4 29 61 9.9 +1.5
FXI iShares China Large-Cap ETF 5.2 74 16 18.1 +9.7
MEM Matthews Emerging Markets Equity Active ETF 5.2 79 11 8.5 +0.1
VSGX Vanguard ESG International Stock ETF 4.9 12 78 8.2 -0.2
DEM WisdomTree Emerging Markets High Dividend Fund 4.9 63 27 13.6 +5.2
MCHI iShares MSCI China ETF 4.7 59 31 17.8 +9.4
ECNS iShares MSCI China Small-Cap ETF 4.7 59 31 10.8 +2.4
PATN Pacer Nasdaq International Patent Leaders ETF 4.7 65 25 4.0 -4.4
FRDM Freedom 100 Emerging Markets ETF 4.7 49 41 9.1 +0.7
IVES Wedbush ETFMG Global Cloud Technology ETF 4.7 68 22 9.3 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 4.6 34 56 8.1 -0.3
AIVC Amplify Bloomberg AI Value Chain ETF 4.6 59 31 8.6 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.5 41 49 7.1 -1.3
GXC SPDR S&P China ETF 4.5 59 31 16.7 +8.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 72 8.1 -0.3
VIDI Vident International Equity Strategy ETF 4.4 61 29 12.0 +3.6
FLCH Franklin FTSE China ETF 4.4 19 71 17.2 +8.8
VEU Vanguard FTSE All-World ex-US Index Fund 4.3 8 82 8.5 +0.1
IXUS iShares Core MSCI Total International Stock ETF 4.2 7 83 8.3 -0.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.1 70 20 7.8 -0.6
MINV Matthews Asia Innovators Active ETF 4.0 79 11 7.7 -0.7
VXUS Vanguard Total International Stock ETF 4.0 7 83 8.3 -0.1
CHAT Roundhill Generative AI & Technology ETF 4.0 75 15 14.8 +6.4
IXN iShares Global Tech ETF 4.0 41 49 4.5 -3.9
CLNR IQ Cleaner Transport ETF 4.0 45 45 7.3 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.9 47 43 9.0 +0.6
BKF iShares MSCI BIC ETF 3.9 69 21 13.0 +4.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.8 75 15 3.5 -4.9
KNCT Invesco Next Gen Connectivity ETF 3.8 40 50 5.1 -3.4
CGRO CoreValues Alpha Greater China Growth ETF 3.7 75 15 4.0 -4.4
EWW iShares MSCI Mexico ETF 3.7 50 40 9.6 +1.2
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 43 9.5 +1.1
KALL KraneShares MSCI All China Index ETF 3.5 49 41 15.3 +6.9
FLN First Trust Latin America AlphaDEX Fund 3.5 80 10 10.6 +2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.4 60 30 13.3 +4.9
OAIM OneAscent International Equity ETF 3.4 95 -5 6.2 -2.2
CHIQ Global X MSCI China Consumer Discretionary ETF 3.3 65 25 13.7 +5.3
EDIV SPDR S&P Emerging Markets Dividend ETF 3.2 49 41 11.6 +3.2
JIG JPMorgan International Growth ETF 3.1 55 35 4.8 -3.6
EMM Global X Emerging Markets ex-China ETF 3.1 75 15 5.0 -3.4
CGXU Capital Group International Focus Equity ETF 3.1 54 36 5.9 -2.5
AIS VistaShares Artificial Intelligence Supercycle ETF 3.0 75 15 4.6 -3.8
NXTG First Trust Indxx NextG ETF 2.9 70 20 5.8 -2.6
EPHE iShares MSCI Philippines ETF 2.9 59 31 10.1 +1.7
ACWV iShares MSCI Global Min Vol Factor ETF 2.8 20 70 7.6 -0.8
EZA iShares MSCI South Africa ETF 2.7 58 32 10.9 +2.5
FLBR Franklin FTSE Brazil ETF 2.7 19 71 15.3 +6.9
FBZ First Trust Brazil AlphaDEX Fund 2.7 80 10 13.4 +5.0
IWTR iShares MSCI Water Management Multisector ETF 2.7 47 43 6.5 -1.9
KTEC KraneShares Hang Seng TECH Index ETF 2.7 69 21 19.7 +11.3
TCHI iShares MSCI China Multisector Tech ETF 2.6 59 31 22.4 +14.0
EWZ iShares MSCI Brazil ETF 2.6 58 32 13.7 +5.3
FBOT Fidelity Disruptive Automation ETF 2.6 50 40 4.0 -4.4
AGQI First Trust Active Global Quality Income ETF 2.6 85 5 6.6 -1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.6 30 60 8.6 +0.2
EWX SPDR S&P Emerging Markets Small Cap ETF 2.5 65 25 8.1 -0.3
FLLA Franklin FTSE Latin America ETF 2.5 19 71 13.5 +5.1
FPXI First Trust International Equity Opportunities ETF 2.3 70 20 3.9 -4.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.2 32 58 17.8 +9.4
VYMI Vanguard International High Dividend Yield ETF 2.2 22 68 10.0 +1.6
WRND IQ Global Equity R&D Leaders ETF 2.0 18 72 7.9 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 1.9 10 80 6.1 -2.3
MCH Matthews China Active ETF 1.9 79 11 15.3 +6.9
THD iShares MSCI Thailand ETF 1.8 58 32 5.1 -3.3
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 38 6.7 -1.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.8 75 15 5.9 -2.5
JCHI JPMorgan Active China ETF 1.7 65 25 16.8 +8.4
CWI SPDR MSCI ACWI ex-US ETF 1.7 30 60 8.2 -0.2
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 15 8.5 +0.1
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 40 1.7 -6.7
ACWI iShares MSCI ACWI ETF 1.7 32 58 6.1 -2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 30 8.0 -0.4
SDIV Global X Superdividend ETF 1.6 58 32 13.9 +5.5
VT Vanguard Total World Stock ETF 1.5 7 83 6.4 -2.0
JETS U.S. Global Jets ETF 1.5 60 30 4.2 -4.3
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -5 4.0 -4.4
IPKW Invesco International BuyBack Achievers ETF 1.5 55 35 15.3 +6.9
ARTY iShares Future AI & Tech ETF 1.5 47 43 4.1 -4.3
QTUM Defiance Quantum ETF 1.5 40 50 7.7 -0.7
GLOF iShares Global Equity Factor ETF 1.4 20 70 7.0 -1.4
JGLO JPMorgan Global Select Equity ETF 1.4 33 57 5.1 -3.3
GVAL Cambria Global Value ETF 1.3 68 22 11.3 +2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 70 6.3 -2.1
COPY Tweedy, Browne Insider + Value ETF 1.3 80 10 12.6 +4.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 78 5.2 -3.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 7 83 7.0 -1.4
BLDG Cambria Global Real Estate ETF 1.3 60 30 4.2 -4.2
AFK VanEck Africa Index ETF 1.2 98 -8 12.6 +4.2
SHPP Pacer Industrials and Logistics ETF 1.1 60 30 5.1 -3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 43 5.7 -2.8
GGME Invesco Next Gen Media and Gaming ETF 1.1 60 30 5.0 -3.4
ASEA Global X FTSE Southeast Asia ETF 1.0 65 25 6.9 -1.5
TMFG Motley Fool Global Opportunities ETF 1.0 85 5 3.5 -4.9
ARVR First Trust Indxx Metaverse ETF 1.0 70 20 5.9 -2.5
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 15 6.1 -2.3
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 25 5.3 -3.1
WWJD Inspire International ETF 1.0 80 10 7.6 -0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.0 55 35 4.5 -3.9
CRUZ Defiance Hotel Airline and Cruise ETF 1.0 45 45 3.1 -5.3
HERO Global X Video Games & Esports ETF 1.0 50 40 4.6 -3.8
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 35 8.4 +0.0
GSFP Goldman Sachs Future Planet Equity ETF 0.9 75 15 4.8 -3.6
OCEN IQ Clean Oceans ETF 0.9 45 45 5.7 -2.7
PBD Invesco Global Clean Energy ETF 0.9 75 15 0.4 -8.0
IBAT iShares Energy Storage & Materials ETF 0.9 47 43 5.3 -3.1
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 51 8.8 +0.4
IQRA IQ CBRE Real Assets ETF 0.8 65 25 2.7 -5.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.8 86 4 13.7 +5.3
KWEB KraneShares CSI China Internet ETF 0.8 69 21 25.8 +17.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 25 3.5 -4.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 41 6.0 -2.4
FLMX Franklin FTSE Mexico ETF 0.8 19 71 9.9 +1.5
TTAI FCF International Quality ETF 0.8 59 31 6.9 -1.5
IBUY Amplify Online Retail ETF 0.8 65 25 3.7 -4.8
FLHK Franklin FTSE Hong Kong ETF 0.8 9 81 6.8 -1.6
IDAT iShares Future Cloud 5G and Tech ETF 0.8 47 43 4.8 -3.6
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 31 6.2 -2.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 23 13.3 +4.9
ICLN iShares Global Clean Energy ETF 0.8 41 49 6.4 -2.1
DEW WisdomTree Global High Dividend Fund 0.7 58 32 7.7 -0.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 80 7.5 -0.9
GSIB Themes Global Systemically Important Banks ETF 0.7 35 55 12.4 +4.0
FILL iShares MSCI Global Energy Producers ETF 0.6 39 51 11.4 +3.0
IHAK iShares Cybersecurity & Tech ETF 0.6 47 43 3.8 -4.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 5 8.0 -0.4
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 32 11.2 +2.8
COPX Global X Copper Miners ETF 0.6 65 25 8.9 +0.5
DMAT Global X Disruptive Materials ETF 0.6 59 31 9.2 +0.8
ICOP iShares Copper and Metals Mining ETF 0.6 47 43 10.0 +1.6
BATT Amplify Lithium & Battery Technology ETF 0.6 59 31 3.8 -4.6
COPA Themes Copper Miners ETF 0.6 35 55 9.0 +0.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 12 9.6 +1.2
FCLD Fidelity Cloud Computing ETF 0.6 39 51 3.0 -5.4
RXI iShares Global Consumer Discretionary ETF 0.6 41 49 9.2 +0.8
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 45 7.0 -1.4
INTF iShares International Equity Factor ETF 0.6 15 75 8.1 -0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.6 60 30 11.0 +2.6
ISHP First Trust Nasdaq Retail ETF 0.6 60 30 5.5 -2.9
BOAT SonicShares Global Shipping ETF 0.6 69 21 31.6 +23.2
BLES Inspire Global Hope ETF 0.5 61 29 6.9 -1.6
SHLD Global X Defense Tech ETF 0.5 50 40 3.8 -4.6
SUPL ProShares Supply Chain Logistics ETF 0.5 58 32 5.4 -3.0
NATO Themes Transatlantic Defense ETF 0.5 35 55 3.2 -5.2
XT iShares Exponential Technologies ETF 0.5 46 44 5.5 -2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.5 12 78 7.7 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 6.0 -2.4
CGV Conductor Global Equity Value ETF 0.4 130 -40 9.2 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 44 10.4 +2.0
SCHY Schwab International Dividend Equity ETF 0.4 14 76 9.8 +1.4
CGDG Capital Group Dividend Growers ETF 0.4 47 43 6.3 -2.1
IXG iShares Global Financials ETF 0.4 42 48 8.1 -0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 41 7.3 -1.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 1 4.5 -3.9
SMIN iShares MSCI India Small Cap ETF 0.4 79 11 3.3 -5.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 51 11.0 +2.6
IGRO iShares International Dividend Growth ETF 0.2 15 75 7.3 -1.1
IGPT Invesco AI and Next Gen Software ETF 0.2 60 30 4.9 -3.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 25 12.2 +3.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 45 0.0 -8.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 53 8.9 +0.5
DFGR Dimensional Global Real Estate ETF 0.1 22 68 3.2 -5.2
CGW Invesco S&P Global Water Index ETF 0.1 57 33 4.8 -3.6
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 75 6.2 -2.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 51 14.1 +5.7
AVRE Avantis Real Estate ETF 0.1 17 73 3.3 -5.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 51 6.3 -2.1
VPL Vanguard FTSE Pacific ETF 0.1 8 82 7.7 -0.8
REET iShares Global REIT ETF 0.1 14 76 3.3 -5.1
SCHC Schwab International Small-Cap Equity ETF 0.0 11 79 7.1 -1.3
BKIE BNY Mellon International Equity ETF 0.0 4 86 7.3 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 7.1 -1.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 85 7.6 -0.9
SCHF Schwab International Equity ETF 0.0 6 84 7.7 -0.7

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 1.2 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 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.