Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 2.3%


  • 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) $116
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) $36,667
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
WIWYNN CORP. 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 2.9 %
CALIWAY BIOPHARMACEUTICALS CO LTD 2.8 %
POP MART INTERNATIONAL GROUP LIMIT 2.7 %
LITE-ON TECHNOLOGY CORP 2.5 %
SHINKONG INSURANCE CO LTD 2.2 %
GETAC TECHNOLOGY CORP 2.1 %
XD, INC. 2.1 %
ASUSTEK COMPUTER INC 1.9 %
QL RESOURCES BHD 1.9 %
Total 23.8 %

TOP COUNTRY EXPOSURE
TAIWAN 28.9 %
CHINA 25.5 %
MEXICO 7.4 %
MALAYSIA 7.0 %
BRAZIL 6.9 %
SOUTH AFRICA 4.5 %
HUNGARY 2.5 %
PHILIPPINES 1.7 %
THAILAND 1.6 %
TURKEY 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.3% 3.5% 3.8% 4.0% 0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 46%
MSCI EAFE 0.69 46%
MSCI Emg. Mkts. 0.79 63%

Technical Indicators
Recent close $23.44
30d moving avg. $21.87
Annualized volatility 16.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 50
Turnover 1.0%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 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 19.2 80 10 11.2 +4.2
EEMO Invesco S&P Emerging Markets Momentum ETF 13.1 29 61 6.6 -0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 13.0 49 41 15.9 +9.0
EWT iShares MSCI Taiwan ETF 12.9 58 32 6.7 -0.3
FTHF First Trust Emerging Markets Human Flourishing ETF 12.6 75 15 8.6 +1.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.0 45 45 10.7 +3.7
FLTW Franklin FTSE Taiwan ETF 12.0 19 71 6.8 -0.2
EMXF iShares ESG Advanced MSCI EM ETF 11.7 16 74 8.6 +1.6
FCA First Trust China AlphaDEX Fund 11.6 80 10 8.3 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.4 32 58 7.0 +0.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.3 39 51 16.5 +9.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.9 30 60 9.2 +2.3
SCHE Schwab Emerging Markets Equity ETF 10.7 11 79 11.1 +4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.6 15 75 8.1 +1.1
ECON Columbia Emerging Markets Consumer ETF 10.6 49 41 12.6 +5.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.5 30 60 10.6 +3.6
VWO Vanguard FTSE Emerging Markets ETF 10.4 7 83 10.3 +3.3
LDEM iShares ESG MSCI EM Leaders ETF 10.4 17 73 14.1 +7.1
ESGE iShares ESG Aware MSCI EM ETF 10.2 25 65 10.4 +3.4
EEM iShares MSCI Emerging Markets ETF 10.2 69 21 10.5 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 10.2 7 83 10.7 +3.7
IEMG iShares Core MSCI Emerging Markets ETF 10.0 9 81 10.6 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.8 41 49 8.7 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.7 50 40 11.1 +4.1
JHEM John Hancock Multifactor Emerging Markets ETF 9.6 49 41 10.3 +3.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 9.6 80 10 13.8 +6.8
DFAE Dimensional Emerging Core Equity Market ETF 9.5 35 55 9.4 +2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.5 24 66 8.2 +1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.4 44 46 10.7 +3.7
EEMA iShares MSCI Emerging Markets Asia ETF 9.4 49 41 10.4 +3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.4 29 61 9.2 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 9.2 49 41 9.6 +2.6
BKEM BNY Mellon Emerging Markets Equity ETF 9.2 11 79 10.2 +3.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.1 66 24 9.7 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.0 15 75 10.4 +3.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.0 70 20 9.5 +2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 9.0 36 54 10.0 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.0 59 31 9.0 +2.0
XCNY SPDR S&P Emerging Markets ex-China ETF 9.0 15 75 7.8 +0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.9 45 45 10.5 +3.5
STXE Strive Emerging Markets Ex-China ETF 8.8 32 58 7.9 +0.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 8.8 25 65 6.6 -0.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.8 38 52 9.3 +2.3
EMXC iShares MSCI Emerging Markets ex China ETF 8.7 25 65 7.8 +0.8
RNEM First Trust Emerging Markets Equity Select ETF 8.6 75 15 7.7 +0.7
ECNS iShares MSCI China Small-Cap ETF 8.6 59 31 8.0 +1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.6 33 57 10.2 +3.2
EMGF iShares Emerging Markets Equity Factor ETF 8.4 25 65 11.9 +4.9
EYLD Cambria Emerging Shareholder Yield ETF 8.3 66 24 12.3 +5.3
DEHP Dimensional Emerging Markets High Profitability ETF 8.3 41 49 6.8 -0.2
FXI iShares China Large-Cap ETF 8.2 74 16 18.7 +11.8
ROAM Hartford Multifactor Emerging Markets ETF 8.2 44 46 12.2 +5.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.1 40 50 7.2 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 7.9 19 71 9.4 +2.4
XCEM Columbia EM Core ex-China ETF 7.8 16 74 8.4 +1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 7.8 75 15 9.7 +2.7
EMMF WisdomTree Emerging Markets Multifactor Fund 7.8 48 42 7.5 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 7.7 32 58 6.3 -0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.7 20 70 10.9 +3.9
FDEM Fidelity Emerging Markets Multifactor ETF 7.4 25 65 13.0 +6.0
MCHI iShares MSCI China ETF 7.3 59 31 17.7 +10.7
GXC SPDR S&P China ETF 7.3 59 31 15.4 +8.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.2 95 -5 11.8 +4.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.8 88 2 8.9 +1.9
DVYE iShares Emerging Markets Dividend ETF 6.7 49 41 18.5 +11.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.7 32 58 9.3 +2.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.6 53 37 7.9 +0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 6.5 36 54 8.0 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.4 35 55 18.6 +11.6
EWW iShares MSCI Mexico ETF 6.4 50 40 10.2 +3.2
AVEM Avantis Emerging Markets Equity ETF 6.3 33 57 8.8 +1.8
AVSE Avantis Responsible Emerging Markets Equity ETF 6.3 33 57 8.6 +1.6
AIA iShares Asia 50 ETF 6.0 50 40 12.9 +5.9
AVES Avantis Emerging Markets Value ETF 6.0 36 54 11.1 +4.1
EWM iShares MSCI Malaysia ETF 5.7 50 40 6.9 -0.1
BKF iShares MSCI BIC ETF 5.7 69 21 13.8 +6.8
FLCH Franklin FTSE China ETF 5.6 19 71 16.0 +9.0
VSGX Vanguard ESG International Stock ETF 5.5 10 80 7.7 +0.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.5 58 32 9.8 +2.8
DFEV Dimensional Emerging Markets Value ETF 5.3 43 47 13.4 +6.4
KALL KraneShares MSCI All China Index ETF 5.1 49 41 14.9 +7.9
MEM Matthews Emerging Markets Equity Active ETF 5.1 79 11 8.1 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 5.1 34 56 7.8 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 5.0 4 86 8.1 +1.1
FLLA Franklin FTSE Latin America ETF 5.0 19 71 12.9 +5.9
IXUS iShares Core MSCI Total International Stock ETF 4.9 7 83 7.9 +0.9
VXUS Vanguard Total International Stock ETF 4.8 5 85 7.9 +0.9
DEM WisdomTree Emerging Markets High Dividend Fund 4.7 63 27 13.3 +6.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.5 70 20 7.8 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.4 41 49 7.5 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 72 7.9 +0.9
KNCT Invesco Next Gen Connectivity ETF 4.3 40 50 4.8 -2.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.3 33 57 8.8 +1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.3 70 20 13.1 +6.1
IWTR iShares MSCI Water Management Multisector ETF 4.1 47 43 5.8 -1.2
FLMX Franklin FTSE Mexico ETF 4.1 19 71 10.5 +3.5
MINV Matthews Asia Innovators Active ETF 3.9 79 11 7.4 +0.4
PATN Pacer Nasdaq International Patent Leaders ETF 3.9 65 25 6.2 -0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.9 47 43 8.4 +1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.9 42 48 7.2 +0.2
VIDI Vident International Equity Strategy ETF 3.9 61 29 10.9 +3.9
FLN First Trust Latin America AlphaDEX Fund 3.8 80 10 10.4 +3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 3.8 49 41 11.9 +4.9
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 43 8.9 +1.9
CGRO CoreValues Alpha Greater China Growth ETF 3.7 75 15 4.5 -2.5
RODE Hartford Multifactor Diversified International ETF 3.7 29 61 11.4 +4.4
SDG iShares MSCI Global Sustainable Development Goals ETF 3.6 49 41 5.8 -1.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.5 32 58 16.1 +9.1
IXN iShares Global Tech ETF 3.5 41 49 3.6 -3.4
CGXU Capital Group International Focus Equity ETF 3.4 54 36 5.6 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.3 20 70 6.2 -0.8
CLNR IQ Cleaner Transport ETF 3.3 45 45 6.6 -0.4
EWZS iShares MSCI Brazil Small-Cap ETF 3.2 59 31 10.1 +3.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.1 60 30 10.8 +3.8
FLBR Franklin FTSE Brazil ETF 3.0 19 71 14.5 +7.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.9 30 60 7.9 +0.9
JIG JPMorgan International Growth ETF 2.9 55 35 4.8 -2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.9 60 30 11.1 +4.1
FBOT Fidelity Disruptive Automation ETF 2.9 50 40 3.6 -3.4
AGQI First Trust Active Global Quality Income ETF 2.9 85 5 4.9 -2.1
MOTI VanEck Morningstar International Moat ETF 2.9 58 32 12.0 +5.0
BRF VanEck Brazil Small-Cap ETF 2.8 66 24 11.3 +4.4
EWX SPDR S&P Emerging Markets Small Cap ETF 2.7 65 25 7.8 +0.8
ILF iShares Latin America 40 ETF 2.7 48 42 12.9 +5.9
VYMI Vanguard International High Dividend Yield ETF 2.7 17 73 9.5 +2.6
FPXI First Trust International Equity Opportunities ETF 2.7 70 20 4.2 -2.8
CHIQ Global X MSCI China Consumer Discretionary ETF 2.7 65 25 16.2 +9.2
FRDM Freedom 100 Emerging Markets ETF 2.7 49 41 8.5 +1.5
OAIM OneAscent International Equity ETF 2.7 95 -5 5.7 -1.3
CHAT Roundhill Generative AI & Technology ETF 2.6 75 15 9.4 +2.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.6 42 48 9.7 +2.8
EMC Global X Emerging Markets Great Consumer ETF 2.6 75 15 11.0 +4.0
NXTG First Trust Indxx NextG ETF 2.4 70 20 5.3 -1.7
AIVC Amplify Bloomberg AI Value Chain ETF 2.4 59 31 5.5 -1.5
JCHI JPMorgan Active China ETF 2.4 65 25 15.5 +8.5
GVAL Cambria Global Value ETF 2.3 68 22 10.5 +3.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 38 7.7 +0.7
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 22 7.3 +0.3
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 32 9.7 +2.7
EZA iShares MSCI South Africa ETF 2.2 58 32 10.4 +3.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.1 20 70 5.6 -1.4
CWI SPDR MSCI ACWI ex-US ETF 2.1 30 60 7.7 +0.7
RING iShares MSCI Global Gold Miners ETF 2.1 39 51 4.7 -2.3
HERO Global X Video Games & Esports ETF 2.1 50 40 3.8 -3.2
KLMT Invesco MSCI Global Climate 500 ETF 2.0 10 80 5.7 -1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 23 13.6 +6.6
BRAZ Global X Brazil Active ETF 2.0 75 15 12.6 +5.6
EWZ iShares MSCI Brazil ETF 1.9 58 32 13.2 +6.2
ACWI iShares MSCI ACWI ETF 1.9 32 58 5.5 -1.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.9 75 15 4.7 -2.3
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 15 3.0 -4.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 78 5.2 -1.8
ASEA Global X FTSE Southeast Asia ETF 1.8 65 25 6.7 -0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 30 8.1 +1.1
KURE KraneShares MSCI All China Health Care Index ETF 1.8 65 25 2.6 -4.4
EPHE iShares MSCI Philippines ETF 1.8 59 31 0.0 -7.0
VT Vanguard Total World Stock ETF 1.8 6 84 5.9 -1.1
ESPO VanEck Video Gaming and eSports ETF 1.8 56 34 3.9 -3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 15 3.1 -3.9
TUR iShares MSCI Turkey ETF 1.6 58 32 17.0 +10.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 35 7.7 +0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.6 46 44 9.9 +2.9
ARTY iShares Future AI & Tech ETF 1.6 47 43 3.6 -3.4
GDX VanEck Gold Miners ETF 1.6 51 39 3.6 -3.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 80 8.0 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 51 12.7 +5.7
RWX SPDR Dow Jones International Real Estate ETF 1.5 59 31 6.9 -0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.5 47 43 5.8 -1.2
GLOF iShares Global Equity Factor ETF 1.4 20 70 6.5 -0.5
BLDG Cambria Global Real Estate ETF 1.4 60 30 11.5 +4.5
JGLO JPMorgan Global Select Equity ETF 1.4 33 57 4.9 -2.1
SDIV Global X Superdividend ETF 1.3 58 32 41.3 +34.3
THD iShares MSCI Thailand ETF 1.3 58 32 0.0 -7.0
TMFG Motley Fool Global Opportunities ETF 1.3 85 5 3.9 -3.1
WRND IQ Global Equity R&D Leaders ETF 1.3 18 72 8.2 +1.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.3 85 5 8.7 +1.7
EFRA iShares Environmental Infrastructure and Industrials ETF 1.3 47 43 5.1 -1.9
COPX Global X Copper Miners ETF 1.3 65 25 7.6 +0.6
SHPP Pacer Industrials and Logistics ETF 1.3 60 30 8.6 +1.6
AFK VanEck Africa Index ETF 1.3 98 -8 12.0 +5.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 78 8.1 +1.1
IDX VanEck Indonesia Index ETF 1.2 57 33 7.2 +0.2
EIDO iShares MSCI Indonesia ETF 1.2 59 31 8.1 +1.1
MCH Matthews China Active ETF 1.2 79 11 14.3 +7.3
QTUM Defiance Quantum ETF 1.2 40 50 5.5 -1.5
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 30 2.1 -4.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 25 8.1 +1.1
XT iShares Exponential Technologies ETF 1.2 46 44 4.9 -2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 8 82 6.1 -0.9
GGME Invesco Next Gen Media and Gaming ETF 1.1 60 30 4.2 -2.8
GSIB Themes Global Systemically Important Banks ETF 1.1 35 55 9.2 +2.3
IDAT iShares Future Cloud 5G and Tech ETF 1.1 47 43 4.7 -2.3
SOCL Global X Social Media ETF 1.1 65 25 8.9 +1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 29 1.5 -5.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 29 -2.0 -9.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 51 11.0 +4.0
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 35 7.9 +1.0
IXG iShares Global Financials ETF 1.1 42 48 6.5 -0.5
KTEC KraneShares Hang Seng TECH Index ETF 1.0 69 21 19.3 +12.3
TCHI iShares MSCI China Multisector Tech ETF 1.0 59 31 16.6 +9.6
ARVR First Trust Indxx Metaverse ETF 1.0 70 20 4.0 -3.0
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 25 5.4 -1.6
GDXJ VanEck Junior Gold Miners ETF 1.0 52 38 4.8 -2.2
SLVP iShares MSCI Global Silver Miners ETF 1.0 39 51 7.0 +0.1
AUMI Themes Gold Miners ETF 1.0 35 55 4.7 -2.3
EMM Global X Emerging Markets ex-China ETF 1.0 75 15 6.5 -0.5
SCHY Schwab International Dividend Equity ETF 1.0 14 76 9.7 +2.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 20 7.6 +0.6
IHAK iShares Cybersecurity & Tech ETF 0.9 47 43 4.0 -3.0
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 15 5.2 -1.8
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 31 5.0 -2.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.9 49 41 6.1 -0.9
AQWA Global X Clean Water ETF 0.9 50 40 4.8 -2.2
CGW Invesco S&P Global Water Index ETF 0.9 57 33 4.6 -2.4
PIO Invesco Global Water ETF 0.9 75 15 4.2 -2.8
DEW WisdomTree Global High Dividend Fund 0.9 58 32 8.4 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 1 4.8 -2.2
GNR SPDR S&P Global Natural Resources ETF 0.8 40 50 11.0 +4.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 10 11.8 +4.8
ICOP iShares Copper and Metals Mining ETF 0.7 47 43 8.6 +1.6
BATT Amplify Lithium & Battery Technology ETF 0.7 59 31 3.6 -3.4
COPA Themes Copper Miners ETF 0.7 35 55 5.9 -1.1
TTAI FCF International Quality ETF 0.7 59 31 7.2 +0.2
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 40 7.0 -0.0
MDEV First Trust Indxx Medical Devices ETF 0.7 70 20 4.5 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 12 9.4 +2.4
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 6.5 -0.5
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 6.7 -0.3
LIVR Intelligent Livermore ETF 0.6 69 21 5.4 -1.6
FMET Fidelity Metaverse ETF 0.6 39 51 4.7 -2.3
CQQQ Invesco China Technology ETF 0.6 70 20 12.2 +5.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 11 9.0 +2.0
GMET VanEck Green Metals ETF 0.6 63 27 9.1 +2.1
DMAT Global X Disruptive Materials ETF 0.6 59 31 7.8 +0.8
WWJD Inspire International ETF 0.6 80 10 7.3 +0.3
OZEM Roundhill GLP-1 & Weight Loss ETF 0.6 59 31 0.5 -6.5
THNR Amplify Weight Loss Drug & Treatment ETF 0.6 59 31 6.8 -0.2
AGMI Themes Silver Miners ETF 0.6 35 55 5.6 -1.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 71 5.8 -1.2
ICLN iShares Global Clean Energy ETF 0.5 41 49 5.2 -1.8
REET iShares Global REIT ETF 0.5 14 76 7.4 +0.4
DFGR Dimensional Global Real Estate ETF 0.5 22 68 7.4 +0.4
SHLD Global X Defense Tech ETF 0.5 50 40 3.3 -3.7
BINV Brandes International ETF 0.5 70 20 9.4 +2.5
RCGE RockCreek Global Equality ETF 0.5 95 -5 6.7 -0.3
ISHP First Trust Nasdaq Retail ETF 0.5 60 30 5.4 -1.6
BOAT SonicShares Global Shipping ETF 0.5 69 21 27.3 +20.3
JXI iShares Global Utilities ETF 0.5 43 47 5.9 -1.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 18 -0.9 -7.9
CGV Conductor Global Equity Value ETF 0.5 130 -40 8.3 +1.3
NIKL Sprott Nickel Miners ETF 0.5 75 15 10.1 +3.1
GOEX Global X Gold Explorers ETF 0.5 65 25 3.3 -3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 5.7 -1.3
SUPL ProShares Supply Chain Logistics ETF 0.4 58 32 11.8 +4.8
CGDG Capital Group Dividend Growers ETF 0.4 47 43 6.3 -0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 45 4.0 -3.0
INTF iShares International Equity Factor ETF 0.4 15 75 7.6 +0.6
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 43 7.4 +0.4
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 51 8.6 +1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 32 4.7 -2.3
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 4.3 -2.7
AVRE Avantis Real Estate ETF 0.3 17 73 7.1 +0.1
JHDV John Hancock U.S. High Dividend ETF 0.3 34 56 6.6 -0.4
BLES Inspire Global Hope ETF 0.3 61 29 6.8 -0.2
HAP VanEck Natural Resources ETF 0.3 50 40 9.4 +2.4
NATO Themes Transatlantic Defense ETF 0.3 35 55 2.4 -4.6
IPKW Invesco International BuyBack Achievers ETF 0.2 55 35 12.5 +5.5
IGRO iShares International Dividend Growth ETF 0.2 15 75 7.3 +0.3
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 80 6.3 -0.7
KXI iShares Global Consumer Staples ETF 0.1 41 49 5.5 -1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 4 13.6 +6.6
GINN Goldman Sachs Innovate Equity ETF 0.1 52 38 3.7 -3.3
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 7.0 +0.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 79 6.6 -0.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 81 7.9 +1.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.7 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 6.8 -0.2
VPL Vanguard FTSE Pacific ETF 0.0 7 83 6.8 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 7.9 +0.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 87 7.2 +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

  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 1.4 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		 1.58 CATEGORY
AVERAGE		 1.51
 
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.