Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.8x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x 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) $120
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
CALIWAY BIOPHARMACEUTICALS CO LTD 4.1 %
WIWYNN CORP. 3.1 %
TAIWAN SEMICONDUCTOR MANUFAC 2.8 %
LITE-ON TECHNOLOGY CORP 2.7 %
POP MART INTERNATIONAL GROUP LIMIT 2.5 %
GETAC TECHNOLOGY CORP 2.5 %
SHINKONG INSURANCE CO LTD 2.3 %
XD, INC. 2.2 %
REMEGEN CO. LTD. CLASS H 2.1 %
SICHUAN KELUN-BIOTECH BIOPHARMACEU 1.8 %
Total 25.9 %

TOP COUNTRY EXPOSURE
TAIWAN 28.5 %
CHINA 25.9 %
MEXICO 7.0 %
BRAZIL 6.9 %
MALAYSIA 6.6 %
SOUTH AFRICA 4.6 %
HUNGARY 2.3 %
PHILIPPINES 1.6 %
THAILAND 1.5 %
TURKEY 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.4% 15.3% 5.7% 6.0% 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.77 44%
MSCI EAFE 0.62 33%
MSCI Emg. Mkts. 0.75 51%

Technical Indicators
Recent close $24.37
30d moving avg. $23.06
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.7%
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™: 6.7%


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 19.5 80 10 10.9 +4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 14.0 45 45 10.5 +3.8
EWT iShares MSCI Taiwan ETF 13.4 58 32 6.4 -0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 12.8 49 41 15.1 +8.4
EEMO Invesco S&P Emerging Markets Momentum ETF 12.7 29 61 6.3 -0.4
FLTW Franklin FTSE Taiwan ETF 12.7 19 71 6.5 -0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.7 32 58 6.8 +0.0
FTHF First Trust Emerging Markets Human Flourishing ETF 12.4 75 15 8.1 +1.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 12.3 15 75 7.6 +0.9
FCA First Trust China AlphaDEX Fund 12.2 80 10 7.9 +1.1
ECON Columbia Emerging Markets Consumer ETF 11.8 49 41 11.9 +5.2
EMXF iShares ESG Advanced MSCI EM ETF 11.6 16 74 8.3 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 11.5 49 41 9.8 +3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.2 44 46 10.4 +3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 11.2 50 40 10.6 +3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.2 39 51 15.7 +9.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.1 30 60 8.9 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 10.9 11 79 9.6 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.7 66 24 9.2 +2.5
SCHE Schwab Emerging Markets Equity ETF 10.7 11 79 10.6 +3.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.7 30 60 10.0 +3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.7 24 66 7.8 +1.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.6 15 75 9.9 +3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.6 36 54 9.4 +2.7
LDEM iShares ESG MSCI EM Leaders ETF 10.5 17 73 13.3 +6.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 10.5 59 31 8.5 +1.8
VWO Vanguard FTSE Emerging Markets ETF 10.4 7 83 9.8 +3.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.4 45 45 10.0 +3.2
EEM iShares MSCI Emerging Markets ETF 10.3 69 21 9.9 +3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.1 33 57 9.7 +3.0
SPEM SPDR Portfolio Emerging Markets ETF 10.1 7 83 10.2 +3.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.9 41 49 8.4 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 9.9 9 81 10.1 +3.4
ESGE iShares ESG Aware MSCI EM ETF 9.9 25 65 9.8 +3.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 9.6 80 10 13.5 +6.7
DFAE Dimensional Emerging Core Equity Market ETF 9.6 35 55 9.0 +2.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 9.5 25 65 6.5 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 9.5 49 41 9.8 +3.1
ROAM Hartford Multifactor Emerging Markets ETF 9.4 44 46 11.8 +5.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.2 29 61 9.1 +2.3
GMF SPDR S&P Emerging Asia Pacific ETF 9.2 49 41 9.1 +2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 9.1 48 42 7.3 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 9.1 19 71 8.9 +2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.0 70 20 8.9 +2.2
STXE Strive Emerging Markets Ex-China ETF 9.0 32 58 7.6 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 8.9 15 75 7.5 +0.8
XCEM Columbia EM Core ex-China ETF 8.9 16 74 8.1 +1.3
XC WisdomTree Emerging Markets Ex-China Fund 8.8 32 58 6.2 -0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.8 38 52 8.9 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 8.8 25 65 7.5 +0.8
AVEM Avantis Emerging Markets Equity ETF 8.7 33 57 8.4 +1.6
FDEM Fidelity Emerging Markets Multifactor ETF 8.5 25 65 12.2 +5.5
RNEM First Trust Emerging Markets Equity Select ETF 8.5 75 15 7.5 +0.8
DEHP Dimensional Emerging Markets High Profitability ETF 8.4 41 49 6.5 -0.3
EMGF iShares Emerging Markets Equity Factor ETF 8.4 25 65 11.3 +4.6
EYLD Cambria Emerging Shareholder Yield ETF 8.2 66 24 12.2 +5.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.1 40 50 6.9 +0.1
FXI iShares China Large-Cap ETF 8.0 74 16 17.4 +10.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.0 32 58 8.8 +2.1
FLCH Franklin FTSE China ETF 7.8 19 71 14.8 +8.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 7.7 75 15 9.1 +2.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.6 20 70 10.3 +3.5
ECNS iShares MSCI China Small-Cap ETF 7.6 59 31 7.7 +1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 7.6 88 2 8.5 +1.7
AVES Avantis Emerging Markets Value ETF 7.5 36 54 10.7 +4.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.5 58 32 9.5 +2.8
MCHI iShares MSCI China ETF 7.5 59 31 16.3 +9.6
GXC SPDR S&P China ETF 7.2 59 31 14.4 +7.7
NUEM Nuveen ESG Emerging Markets Equity ETF 7.1 36 54 7.7 +1.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.9 95 -5 11.4 +4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 6.7 33 57 8.1 +1.4
DVYE iShares Emerging Markets Dividend ETF 6.6 49 41 18.4 +11.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.6 53 37 7.6 +0.9
KALL KraneShares MSCI All China Index ETF 6.4 49 41 15.0 +8.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.3 35 55 17.5 +10.8
BKF iShares MSCI BIC ETF 6.0 69 21 13.0 +6.3
EWW iShares MSCI Mexico ETF 6.0 50 40 9.6 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 5.8 63 27 13.0 +6.3
AIA iShares Asia 50 ETF 5.8 50 40 11.8 +5.1
FLLA Franklin FTSE Latin America ETF 5.6 19 71 12.4 +5.7
VSGX Vanguard ESG International Stock ETF 5.5 10 80 7.5 +0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.5 32 58 14.8 +8.0
EWM iShares MSCI Malaysia ETF 5.5 50 40 6.7 -0.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.3 18 72 7.8 +1.1
DFEV Dimensional Emerging Markets Value ETF 5.2 43 47 12.9 +6.2
ACWX iShares MSCI ACWI ex U.S. ETF 5.2 34 56 7.6 +0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.2 41 49 7.4 +0.7
MEM Matthews Emerging Markets Equity Active ETF 5.1 79 11 7.5 +0.8
IXUS iShares Core MSCI Total International Stock ETF 5.1 7 83 7.8 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 5.0 4 86 8.0 +1.2
VXUS Vanguard Total International Stock ETF 5.0 5 85 7.7 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.9 47 43 8.2 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.7 42 48 7.0 +0.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.7 33 57 8.4 +1.7
FLMX Franklin FTSE Mexico ETF 4.6 19 71 9.9 +3.2
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 43 8.8 +2.1
KNCT Invesco Next Gen Connectivity ETF 4.3 40 50 4.7 -2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.2 70 20 13.0 +6.3
MINV Matthews Asia Innovators Active ETF 4.2 79 11 6.8 +0.1
RODE Hartford Multifactor Diversified International ETF 3.8 29 61 11.4 +4.7
PATN Pacer Nasdaq International Patent Leaders ETF 3.8 65 25 6.0 -0.7
VIDI Vident International Equity Strategy ETF 3.8 61 29 10.7 +4.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.8 49 41 5.7 -1.0
FLN First Trust Latin America AlphaDEX Fund 3.7 80 10 10.0 +3.2
EDIV SPDR S&P Emerging Markets Dividend ETF 3.7 49 41 11.6 +4.9
ACWV iShares MSCI Global Min Vol Factor ETF 3.6 20 70 6.2 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.5 70 20 7.5 +0.8
IXN iShares Global Tech ETF 3.5 41 49 3.6 -3.2
CGXU Capital Group International Focus Equity ETF 3.5 54 36 5.4 -1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.4 67 23 13.5 +6.8
EWZS iShares MSCI Brazil Small-Cap ETF 3.3 59 31 9.5 +2.8
FLBR Franklin FTSE Brazil ETF 3.2 19 71 13.9 +7.2
CLNR IQ Cleaner Transport ETF 3.2 45 45 6.6 -0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.1 30 60 7.7 +1.0
CGRO CoreValues Alpha Greater China Growth ETF 2.9 75 15 4.1 -2.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 30 10.3 +3.6
BRF VanEck Brazil Small-Cap ETF 2.9 66 24 10.7 +4.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.8 42 48 9.4 +2.7
IVES Wedbush ETFMG Global Cloud Technology ETF 2.8 68 22 6.7 -0.0
JIG JPMorgan International Growth ETF 2.8 55 35 4.7 -2.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.8 60 30 10.0 +3.2
FBOT Fidelity Disruptive Automation ETF 2.8 50 40 3.7 -3.1
OAIM OneAscent International Equity ETF 2.8 95 -5 5.6 -1.1
AGQI First Trust Active Global Quality Income ETF 2.8 85 5 4.8 -1.9
MOTI VanEck Morningstar International Moat ETF 2.8 58 32 11.7 +5.0
ION ProShares S&P Global Core Battery Metals ETF 2.8 58 32 9.2 +2.5
VYMI Vanguard International High Dividend Yield ETF 2.7 17 73 9.4 +2.7
EMC Global X Emerging Markets Great Consumer ETF 2.7 75 15 10.6 +3.9
ILF iShares Latin America 40 ETF 2.7 48 42 12.3 +5.6
EWX SPDR S&P Emerging Markets Small Cap ETF 2.7 65 25 7.6 +0.9
CHAT Roundhill Generative AI & Technology ETF 2.7 75 15 8.6 +1.9
FRDM Freedom 100 Emerging Markets ETF 2.6 49 41 8.1 +1.4
JCHI JPMorgan Active China ETF 2.6 65 25 14.4 +7.7
NXTG First Trust Indxx NextG ETF 2.5 70 20 5.2 -1.6
CHIQ Global X MSCI China Consumer Discretionary ETF 2.5 65 25 15.2 +8.5
FPXI First Trust International Equity Opportunities ETF 2.5 70 20 4.2 -2.6
RING iShares MSCI Global Gold Miners ETF 2.3 39 51 4.2 -2.6
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 38 7.5 +0.8
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 31 5.2 -1.5
GVAL Cambria Global Value ETF 2.3 68 22 10.3 +3.6
EWZ iShares MSCI Brazil ETF 2.3 58 32 12.6 +5.9
EZA iShares MSCI South Africa ETF 2.2 58 32 9.8 +3.1
CWI SPDR MSCI ACWI ex-US ETF 2.2 30 60 7.5 +0.8
HERO Global X Video Games & Esports ETF 2.2 50 40 3.7 -3.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.2 46 44 9.8 +3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.2 20 70 5.6 -1.2
BRAZ Global X Brazil Active ETF 2.1 75 15 12.2 +5.4
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 80 5.6 -1.1
ACWI iShares MSCI ACWI ETF 2.0 32 58 5.5 -1.3
ESPO VanEck Video Gaming and eSports ETF 1.9 56 34 3.7 -3.1
GDX VanEck Gold Miners ETF 1.9 51 39 3.2 -3.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.9 47 43 5.8 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.9 12 78 5.1 -1.6
KURE KraneShares MSCI All China Health Care Index ETF 1.9 65 25 2.4 -4.3
VT Vanguard Total World Stock ETF 1.8 6 84 5.8 -1.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.8 75 15 3.0 -3.7
COPX Global X Copper Miners ETF 1.7 65 25 7.0 +0.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.7 75 15 4.6 -2.1
AIS VistaShares Artificial Intelligence Supercycle ETF 1.7 75 15 2.8 -4.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.7 10 80 7.9 +1.2
JGLO JPMorgan Global Select Equity ETF 1.7 33 57 5.0 -1.8
ASEA Global X FTSE Southeast Asia ETF 1.7 65 25 6.6 -0.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.6 85 5 8.8 +2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 51 12.3 +5.6
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 35 7.6 +0.9
ARTY iShares Future AI & Tech ETF 1.6 47 43 3.5 -3.2
EPHE iShares MSCI Philippines ETF 1.6 59 31 0.0 -6.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 30 8.1 +1.4
WRND IQ Global Equity R&D Leaders ETF 1.5 18 72 8.0 +1.3
GLOF iShares Global Equity Factor ETF 1.4 20 70 6.4 -0.3
TUR iShares MSCI Turkey ETF 1.4 58 32 17.6 +10.8
BLDG Cambria Global Real Estate ETF 1.4 60 30 11.5 +4.8
RWX SPDR Dow Jones International Real Estate ETF 1.4 59 31 6.8 +0.1
SHPP Pacer Industrials and Logistics ETF 1.4 60 30 8.7 +2.0
EFRA iShares Environmental Infrastructure and Industrials ETF 1.3 47 43 5.3 -1.5
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 30 2.1 -4.6
SDIV Global X Superdividend ETF 1.3 58 32 40.8 +34.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 78 8.0 +1.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 51 10.7 +4.0
GDXJ VanEck Junior Gold Miners ETF 1.2 52 38 4.2 -2.5
SLVP iShares MSCI Global Silver Miners ETF 1.2 39 51 6.0 -0.7
AUMI Themes Gold Miners ETF 1.2 35 55 4.2 -2.6
THD iShares MSCI Thailand ETF 1.2 58 32 0.0 -6.7
AFK VanEck Africa Index ETF 1.2 98 -8 11.5 +4.8
QTUM Defiance Quantum ETF 1.2 40 50 5.3 -1.5
MCH Matthews China Active ETF 1.2 79 11 13.2 +6.5
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 35 7.7 +1.0
TMFG Motley Fool Global Opportunities ETF 1.2 85 5 3.9 -2.8
XT iShares Exponential Technologies ETF 1.2 46 44 4.8 -1.9
IDX VanEck Indonesia Index ETF 1.1 57 33 7.2 +0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 8 82 6.0 -0.7
GGME Invesco Next Gen Media and Gaming ETF 1.1 60 30 4.2 -2.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 20 7.5 +0.8
ICOP iShares Copper and Metals Mining ETF 1.1 47 43 8.1 +1.3
BATT Amplify Lithium & Battery Technology ETF 1.1 59 31 3.3 -3.5
COPA Themes Copper Miners ETF 1.1 35 55 5.5 -1.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.0 65 25 7.8 +1.1
GSIB Themes Global Systemically Important Banks ETF 1.0 35 55 9.0 +2.3
IXG iShares Global Financials ETF 1.0 42 48 6.5 -0.2
KTEC KraneShares Hang Seng TECH Index ETF 1.0 69 21 17.5 +10.8
TCHI iShares MSCI China Multisector Tech ETF 1.0 59 31 15.2 +8.5
ARVR First Trust Indxx Metaverse ETF 1.0 70 20 3.9 -2.8
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 25 5.3 -1.4
EIDO iShares MSCI Indonesia ETF 1.0 59 31 8.2 +1.5
DEW WisdomTree Global High Dividend Fund 1.0 58 32 8.3 +1.6
IHAK iShares Cybersecurity & Tech ETF 1.0 47 43 4.1 -2.6
SCHY Schwab International Dividend Equity ETF 1.0 14 76 9.7 +2.9
GNR SPDR S&P Global Natural Resources ETF 1.0 40 50 10.9 +4.2
AQWA Global X Clean Water ETF 0.9 50 40 5.0 -1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 31 4.7 -2.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.9 49 41 6.1 -0.6
CGW Invesco S&P Global Water Index ETF 0.9 57 33 4.7 -2.0
PIO Invesco Global Water ETF 0.9 75 15 4.3 -2.4
EMM Global X Emerging Markets ex-China ETF 0.9 75 15 6.3 -0.4
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 15 5.2 -1.5
SOCL Global X Social Media ETF 0.9 65 25 8.3 +1.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.9 61 29 1.3 -5.4
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 1 4.8 -1.9
SUPL ProShares Supply Chain Logistics ETF 0.8 58 32 11.9 +5.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 29 -1.9 -8.6
WWJD Inspire International ETF 0.7 80 10 7.2 +0.5
COPY Tweedy, Browne Insider + Value ETF 0.7 80 10 11.7 +5.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.7 78 12 9.1 +2.3
AGMI Themes Silver Miners ETF 0.7 35 55 4.9 -1.9
MDEV First Trust Indxx Medical Devices ETF 0.7 70 20 4.6 -2.1
RWO SPDR Dow Jones Global Real Estate ETF 0.7 50 40 6.9 +0.2
CQQQ Invesco China Technology ETF 0.7 70 20 11.5 +4.8
TTAI FCF International Quality ETF 0.7 59 31 7.3 +0.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 71 5.8 -1.0
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 6.6 -0.1
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 6.2 -0.6
FMET Fidelity Metaverse ETF 0.6 39 51 4.5 -2.2
DMAT Global X Disruptive Materials ETF 0.6 59 31 7.4 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 11 8.8 +2.1
GMET VanEck Green Metals ETF 0.6 63 27 8.5 +1.8
OZEM Roundhill GLP-1 & Weight Loss ETF 0.6 59 31 0.5 -6.3
THNR Amplify Weight Loss Drug & Treatment ETF 0.6 59 31 6.7 -0.0
CGDG Capital Group Dividend Growers ETF 0.6 47 43 6.2 -0.5
DFGR Dimensional Global Real Estate ETF 0.5 22 68 7.4 +0.7
JXI iShares Global Utilities ETF 0.5 43 47 5.9 -0.8
REET iShares Global REIT ETF 0.5 14 76 7.5 +0.8
BINV Brandes International ETF 0.5 70 20 9.2 +2.5
ICLN iShares Global Clean Energy ETF 0.5 41 49 5.0 -1.7
RCGE RockCreek Global Equality ETF 0.5 95 -5 6.6 -0.1
SHLD Global X Defense Tech ETF 0.5 50 40 3.1 -3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 5.6 -1.1
GOEX Global X Gold Explorers ETF 0.5 65 25 2.9 -3.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 18 -0.9 -7.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 45 4.0 -2.7
CGV Conductor Global Equity Value ETF 0.5 130 -40 8.0 +1.3
NIKL Sprott Nickel Miners ETF 0.5 75 15 9.7 +3.0
JHDV John Hancock U.S. High Dividend ETF 0.5 34 56 6.5 -0.2
ISHP First Trust Nasdaq Retail ETF 0.4 60 30 5.2 -1.5
BOAT SonicShares Global Shipping ETF 0.4 69 21 25.9 +19.2
AVRE Avantis Real Estate ETF 0.4 17 73 7.2 +0.4
INTF iShares International Equity Factor ETF 0.4 15 75 7.5 +0.8
BLES Inspire Global Hope ETF 0.4 61 29 6.8 +0.0
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 51 8.8 +2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 32 4.6 -2.1
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 4.1 -2.6
VGSR Vert Global Sustainable Real Estate ETF 0.3 47 43 7.3 +0.6
HAP VanEck Natural Resources ETF 0.3 50 40 9.3 +2.6
NATO Themes Transatlantic Defense ETF 0.2 35 55 2.4 -4.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 4 12.6 +5.9
GINN Goldman Sachs Innovate Equity ETF 0.2 52 38 3.6 -3.1
IPKW Invesco International BuyBack Achievers ETF 0.2 55 35 12.4 +5.6
IGRO iShares International Dividend Growth ETF 0.2 15 75 7.2 +0.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 80 6.3 -0.4
KXI iShares Global Consumer Staples ETF 0.1 41 49 5.6 -1.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 7.0 +0.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 79 6.5 -0.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 81 7.9 +1.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.6 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 6.7 -0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 7.8 +1.1
VPL Vanguard FTSE Pacific ETF 0.0 7 83 6.7 -0.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 87 7.1 +0.4

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 6.7 %
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.