Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 15.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.8x Div.
yield		 2.1%


  • 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) $121
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 94
Wgt avg mkt cap (mns) $43,332
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
ACCTON TECHNOLOGY CORP 3.0 %
WANGUO INTERNATIONAL MINING 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 2.9 %
TERA YATIRIM MENKUL DEGERLER AS 2.8 %
TOPCO SCIENTIFIC CO LTD 2.7 %
TISCO FINANCIAL GROUP-NVDR 2.3 %
REMEGEN CO. LTD. CLASS H 2.1 %
HBM HOLDINGS LTD. 2.1 %
GETAC TECHNOLOGY CORP 2.1 %
LITE-ON TECHNOLOGY CORP 2.0 %
Total 25.1 %

TOP COUNTRY EXPOSURE
CHINA 28.8 %
TAIWAN 27.7 %
MEXICO 6.1 %
BRAZIL 4.8 %
SOUTH AFRICA 4.1 %
THAILAND 3.2 %
MALAYSIA 2.6 %
HUNGARY 2.1 %
INDONESIA 1.5 %
TURKEY 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.1% 23.1% 5.0% 6.4% 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.70 41%
MSCI EAFE 0.88 46%
MSCI Emg. Mkts. 1.04 73%

Technical Indicators
Recent close $24.53
30d moving avg. $24.17
Annualized volatility 15.9%
Short interest (ETF) 4.8%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.4%
Bid/Ask (% of price) 1.12%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 317 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™: 5.0%


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 17.7 80 10 11.5 +6.5
EWT iShares MSCI Taiwan ETF 14.7 58 32 5.9 +0.8
FLTW Franklin FTSE Taiwan ETF 13.1 19 71 6.0 +1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 12.3 29 61 7.6 +2.5
ECON Columbia Emerging Markets Consumer ETF 12.0 49 41 11.8 +6.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 12.0 15 75 7.6 +2.5
JHEM John Hancock Multifactor Emerging Markets ETF 11.4 49 41 9.4 +4.4
EMXF iShares ESG Advanced MSCI EM ETF 11.3 16 74 8.1 +3.0
FTHF First Trust Emerging Markets Human Flourishing ETF 11.1 75 15 9.2 +4.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.1 24 66 7.2 +2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 11.1 49 41 15.0 +10.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 11.0 30 60 9.6 +4.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.0 32 58 6.3 +1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.9 30 60 8.5 +3.5
SCHE Schwab Emerging Markets Equity ETF 10.9 11 79 11.0 +6.0
BKEM BNY Mellon Emerging Markets Equity ETF 10.8 11 79 9.3 +4.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.8 33 57 9.8 +4.7
EEM iShares MSCI Emerging Markets ETF 10.8 69 21 9.7 +4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.8 66 24 9.1 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.7 36 54 9.2 +4.1
VWO Vanguard FTSE Emerging Markets ETF 10.7 7 83 10.5 +5.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.6 15 75 9.8 +4.8
SPEM SPDR Portfolio Emerging Markets ETF 10.6 7 83 10.5 +5.4
LDEM iShares ESG MSCI EM Leaders ETF 10.5 17 73 13.2 +8.1
XCNY SPDR S&P Emerging Markets ex-China ETF 10.4 15 75 7.1 +2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.3 39 51 16.3 +11.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 10.2 45 45 10.3 +5.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.2 44 46 10.3 +5.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.2 25 65 6.4 +1.3
FCA First Trust China AlphaDEX Fund 10.1 80 10 9.7 +4.7
IEMG iShares Core MSCI Emerging Markets ETF 10.1 9 81 10.0 +5.0
FDEM Fidelity Emerging Markets Multifactor ETF 10.0 25 65 12.4 +7.4
ESGE iShares ESG Aware MSCI EM ETF 10.0 25 65 10.0 +5.0
EMXC iShares MSCI Emerging Markets ex China ETF 9.9 25 65 7.1 +2.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.6 41 49 6.4 +1.4
STXE Strive Emerging Markets Ex-China ETF 9.6 32 58 7.5 +2.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.6 59 31 8.7 +3.7
DFAE Dimensional Emerging Core Equity Market ETF 9.6 35 55 8.7 +3.7
XC WisdomTree Emerging Markets Ex-China Fund 9.5 32 58 6.2 +1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.5 41 49 8.2 +3.2
EEMA iShares MSCI Emerging Markets Asia ETF 9.4 49 41 9.4 +4.4
ROAM Hartford Multifactor Emerging Markets ETF 9.4 44 46 11.3 +6.3
XCEM Columbia EM Core ex-China ETF 9.3 16 74 7.9 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.3 45 45 9.7 +4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.3 70 20 8.6 +3.6
GMF SPDR S&P Emerging Asia Pacific ETF 9.1 49 41 9.5 +4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.0 50 40 10.3 +5.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.0 38 52 8.7 +3.7
FLAX Franklin FTSE Asia Ex Japan ETF 8.9 19 71 8.7 +3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.8 32 58 8.5 +3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.6 29 61 8.8 +3.7
EMGF iShares Emerging Markets Equity Factor ETF 8.5 25 65 11.0 +6.0
JADE JPMorgan Active Developing Markets Equity ETF 8.4 65 25 8.0 +2.9
RNEM First Trust Emerging Markets Equity Select ETF 8.1 75 15 8.4 +3.4
AVEM Avantis Emerging Markets Equity ETF 7.9 33 57 8.3 +3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.8 20 70 9.7 +4.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 7.7 75 15 10.3 +5.2
MCHI iShares MSCI China ETF 7.3 59 31 17.5 +12.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 7.2 53 37 7.2 +2.1
FLCH Franklin FTSE China ETF 7.0 19 71 16.1 +11.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.8 40 50 6.8 +1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.7 88 2 8.5 +3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 6.6 36 54 7.5 +2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 6.4 48 42 7.0 +2.0
GXC SPDR S & P China ETF 6.4 59 31 16.2 +11.2
AIA iShares Asia 50 ETF 6.3 50 40 13.1 +8.0
EWW iShares MSCI Mexico ETF 6.0 50 40 9.3 +4.2
AVSE Avantis Responsible Emerging Markets Equity ETF 5.9 33 57 8.0 +3.0
AVES Avantis Emerging Markets Value ETF 5.8 36 54 10.7 +5.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.8 58 32 9.5 +4.4
BKF iShares MSCI BIC ETF 5.6 69 21 13.4 +8.3
VSGX Vanguard ESG International Stock ETF 5.6 10 80 7.5 +2.5
KALL KraneShares MSCI All China Index ETF 5.5 49 41 13.4 +8.4
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 11 7.7 +2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.4 18 72 7.2 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 5.4 34 56 7.3 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.3 41 49 7.2 +2.2
FLLA Franklin FTSE Latin America ETF 5.3 19 71 13.1 +8.1
EYLD Cambria Emerging Shareholder Yield ETF 5.3 66 24 12.0 +6.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.3 32 58 13.5 +8.5
IXUS iShares Core MSCI Total International Stock ETF 5.3 7 83 7.6 +2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 42 48 6.6 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 4 86 7.7 +2.7
DFEV Dimensional Emerging Markets Value ETF 5.2 43 47 11.9 +6.8
VXUS Vanguard Total International Stock ETF 5.1 5 85 7.7 +2.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 5.1 33 57 8.0 +3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.0 95 -5 11.9 +6.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.9 35 55 13.2 +8.1
IQDF FlexShares International Quality Dividend Index Fund 4.9 47 43 8.3 +3.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 4.8 80 10 14.6 +9.5
FLMX Franklin FTSE Mexico ETF 4.7 19 71 10.0 +4.9
FLN First Trust Latin America AlphaDEX Fund 4.7 80 10 11.9 +6.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.6 47 43 7.7 +2.6
FXI iShares China Large-Cap ETF 4.6 74 16 17.5 +12.5
PATN Pacer Nasdaq International Patent Leaders ETF 4.6 65 25 5.4 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 4.5 63 27 12.7 +7.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.2 70 20 12.4 +7.4
VIDI Vident International Equity Strategy ETF 4.2 61 29 10.4 +5.4
KNCT Invesco Next Gen Connectivity ETF 4.2 40 50 4.7 -0.3
CLNR IQ Cleaner Transport ETF 4.1 45 45 5.2 +0.2
EDIV SPDR S&P Emerging Markets Dividend ETF 4.1 49 41 9.3 +4.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.0 60 30 10.9 +5.8
MINV Matthews Asia Innovators Active ETF 4.0 79 11 7.3 +2.2
IXN iShares Global Tech ETF 3.8 41 49 3.6 -1.4
ECNS iShares MSCI China Small-Cap ETF 3.7 59 31 9.8 +4.8
CGXU Capital Group International Focus Equity ETF 3.6 54 36 5.4 +0.3
JIG JPMorgan International Growth ETF 3.5 55 35 4.8 -0.2
RODE Hartford Multifactor Diversified International ETF 3.5 29 61 10.4 +5.3
ION ProShares S&P Global Core Battery Metals ETF 3.3 58 32 6.8 +1.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.3 42 48 9.5 +4.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.3 30 60 7.4 +2.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.2 75 15 3.0 -2.0
JIVE JPMorgan International Value ETF 3.1 55 35 10.8 +5.7
JCHI JPMorgan Active China ETF 3.0 65 25 14.9 +9.8
IHAK iShares Cybersecurity & Tech ETF 3.0 47 43 4.6 -0.4
COPX Global X Copper Miners ETF 3.0 65 25 5.3 +0.3
FBOT Fidelity Disruptive Automation ETF 2.9 50 40 3.4 -1.7
OAIM OneAscent International Equity ETF 2.9 95 -5 5.2 +0.2
AGQI First Trust Active Global Quality Income ETF 2.9 85 5 5.2 +0.2
MOTI VanEck Morningstar International Moat ETF 2.9 58 32 10.6 +5.6
XT iShares Exponential Technologies ETF 2.9 46 44 4.9 -0.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.9 85 5 6.2 +1.2
IVES Wedbush ETFMG Global Cloud Technology ETF 2.9 68 22 6.1 +1.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.7 67 23 14.8 +9.8
FLBR Franklin FTSE Brazil ETF 2.7 19 71 15.2 +10.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 38 8.8 +3.8
ILF iShares Latin America 40 ETF 2.6 48 42 12.2 +7.1
FRDM Freedom 100 Emerging Markets ETF 2.6 49 41 7.2 +2.2
EWM iShares MSCI Malaysia ETF 2.6 50 40 6.3 +1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 2.5 39 51 10.4 +5.4
VYMI Vanguard International High Dividend Yield ETF 2.5 17 73 8.9 +3.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.5 47 43 6.1 +1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.5 46 44 9.5 +4.5
CHAT Roundhill Generative AI & Technology ETF 2.4 75 15 8.1 +3.0
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 51 8.6 +3.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.4 70 20 7.7 +2.7
KTEC KraneShares Hang Seng TECH Index ETF 2.3 69 21 20.8 +15.8
DVYE iShares Emerging Markets Dividend ETF 2.3 49 41 18.3 +13.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 78 4.9 -0.1
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 31 5.9 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.2 20 70 5.4 +0.4
WRND IQ Global Equity R&D Leaders ETF 2.2 18 72 7.7 +2.6
CWI SPDR MSCI ACWI ex-US ETF 2.2 30 60 7.3 +2.2
BATT Amplify Lithium & Battery Technology ETF 2.2 59 31 1.9 -3.2
ACWI iShares MSCI ACWI ETF 2.2 32 58 5.4 +0.4
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 80 5.6 +0.6
GDXJ VanEck Junior Gold Miners ETF 2.1 52 38 3.1 -1.9
BRF VanEck Brazil Small-Cap ETF 2.1 66 24 12.2 +7.2
EWZS iShares MSCI Brazil Small-Cap ETF 2.1 59 31 12.7 +7.7
HUMN Roundhill Humanoid Robotics ETF 2.0 75 15 1.1 -3.9
EWZ iShares MSCI Brazil ETF 2.0 58 32 13.7 +8.7
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 1 4.8 -0.2
VT Vanguard Total World Stock ETF 2.0 6 84 5.8 +0.7
KURE KraneShares MSCI All China Health Care Index ETF 1.9 65 25 3.0 -2.0
GLOF iShares Global Equity Factor ETF 1.8 20 70 6.7 +1.7
RING iShares MSCI Global Gold Miners ETF 1.8 39 51 3.7 -1.3
MCH Matthews China Active ETF 1.8 79 11 14.5 +9.5
NXTG First Trust Indxx NextG ETF 1.8 70 20 4.9 -0.1
SDIV Global X Superdividend ETF 1.8 58 32 16.7 +11.7
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 35 7.5 +2.5
TCHI iShares MSCI China Multisector Tech ETF 1.7 59 31 19.1 +14.0
JGLO JPMorgan Global Select Equity ETF 1.7 33 57 5.1 +0.0
HAP VanEck Natural Resources ETF 1.7 50 40 8.7 +3.7
GDX VanEck Gold Miners ETF 1.7 51 39 3.3 -1.8
SLVP iShares MSCI Global Silver Miners ETF 1.7 39 51 4.4 -0.7
ICOP iShares Copper and Metals Mining ETF 1.6 47 43 7.2 +2.2
HERO Global X Video Games & Esports ETF 1.6 50 40 4.7 -0.4
NERD Roundhill Video Games ETF 1.6 50 40 7.0 +2.0
COPA Themes Copper Miners ETF 1.5 35 55 4.4 -0.6
IDX VanEck Indonesia Index ETF 1.5 57 33 7.0 +2.0
CHIQ Global X MSCI China Consumer Discretionary ETF 1.5 65 25 12.9 +7.9
CGRO CoreValues Alpha Greater China Growth ETF 1.4 75 15 3.4 -1.7
GMET VanEck Green Metals ETF 1.4 63 27 6.8 +1.8
DMAT Global X Disruptive Materials ETF 1.4 59 31 6.4 +1.4
DRGN Themes China Generative Artificial Intelligence ETF 1.4 39 51 11.5 +6.4
ESPO VanEck Video Gaming and eSports ETF 1.4 56 34 5.5 +0.5
GEW Cambria Global EW ETF 1.4 29 61 5.9 +0.9
TUR iShares MSCI Turkey ETF 1.4 58 32 15.4 +10.3
AGMI Themes Silver Miners ETF 1.3 35 55 3.9 -1.1
BLDG Cambria Global Real Estate ETF 1.3 60 30 11.7 +6.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.3 10 80 6.8 +1.7
BRAZ Global X Brazil Active ETF 1.3 75 15 12.1 +7.0
EZA iShares MSCI South Africa ETF 1.3 58 32 9.7 +4.7
BOTZ Global X Robotics & Artificial Intelligence ETF 1.2 69 21 2.1 -3.0
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 25 4.8 -0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.2 60 30 7.8 +2.8
BOTT Themes Robotics & Automation ETF 1.2 35 55 -1.6 -6.7
THD iShares MSCI Thailand ETF 1.2 58 32 0.0 -5.0
GOEX Global X Gold Explorers ETF 1.2 65 25 2.1 -2.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 41 5.2 +0.2
EIDO iShares MSCI Indonesia ETF 1.1 59 31 7.8 +2.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 18 -1.3 -6.3
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 20 7.6 +2.5
GNR SPDR S&P Global Natural Resources ETF 1.0 40 50 10.3 +5.3
AUMI Themes Gold Miners ETF 1.0 35 55 3.3 -1.7
ASEA Global X FTSE Southeast Asia ETF 1.0 65 25 6.0 +1.0
EPHE iShares MSCI Philippines ETF 1.0 59 31 0.0 -5.0
TMFG Motley Fool Global Opportunities ETF 1.0 85 5 4.1 -1.0
SHPP Pacer Industrials and Logistics ETF 1.0 60 30 8.3 +3.2
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 25 7.9 +2.8
EFRA iShares Environmental Infrastructure and Industrials ETF 1.0 47 43 5.6 +0.5
GVAL Cambria Global Value ETF 1.0 68 22 10.5 +5.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 78 8.5 +3.5
GGME Invesco Next Gen Media and Gaming ETF 0.9 60 30 5.1 +0.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 35 6.5 +1.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.9 60 30 3.1 -1.9
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 31 6.8 +1.8
SCHY Schwab International Dividend Equity ETF 0.9 14 76 9.6 +4.6
DEW WisdomTree Global High Dividend Fund 0.9 58 32 8.1 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 82 7.2 +2.2
AFK VanEck Africa Index ETF 0.9 98 -8 13.4 +8.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.9 70 20 4.1 -1.0
IXC iShares Global Energy ETF 0.8 44 46 10.5 +5.5
EMC Global X Emerging Markets Great Consumer ETF 0.8 75 15 8.7 +3.7
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 15 4.9 -0.1
ARVR First Trust Indxx Metaverse ETF 0.8 70 20 4.0 -1.0
MXI iShares Global Materials ETF 0.8 41 49 7.1 +2.1
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 31 4.1 -1.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.8 49 41 5.9 +0.9
CGW Invesco S&P Global Water Index ETF 0.8 57 33 4.7 -0.3
PIO Invesco Global Water ETF 0.8 75 15 4.5 -0.5
AQWA Global X Clean Water ETF 0.8 50 40 5.2 +0.1
MDEV First Trust Indxx Medical Devices ETF 0.7 70 20 4.7 -0.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 71 5.4 +0.4
CHPX Global X AI Semiconductor & Quantum ETF 0.7 50 40 3.5 -1.6
IQRA IQ CBRE Real Assets ETF 0.7 65 25 5.8 +0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 11 7.6 +2.5
WWJD Inspire International ETF 0.6 80 10 7.1 +2.1
COPY Tweedy, Browne Insider + Value ETF 0.6 80 10 11.5 +6.5
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 10 11.1 +6.0
CQQQ Invesco China Technology ETF 0.6 70 20 15.9 +10.9
SIL Global X Silver Miners ETF 0.6 65 25 1.9 -3.2
SILJ ETFMG Prime Junior Silver Miners ETF 0.6 69 21 0.5 -4.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 22 4.8 -0.3
GINN Goldman Sachs Innovate Equity ETF 0.6 52 38 3.7 -1.4
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 7.4 +2.4
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 5.6 +0.6
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 9 5.2 +0.2
FRNW Fidelity Clean Energy ETF 0.6 39 51 2.3 -2.7
DTEC ALPS Disruptive Technologies ETF 0.6 50 40 3.7 -1.3
FAN First Trust Global Wind Energy ETF 0.6 60 30 4.2 -0.9
CTEC Global X CleanTech ETF 0.6 50 40 0.8 -4.3
ICLN iShares Global Clean Energy ETF 0.6 41 49 3.2 -1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 12 9.2 +4.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 51 -1.3 -6.4
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 11 0.4 -4.7
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 28 3.3 -1.7
IPKW Invesco International BuyBack Achievers ETF 0.6 55 35 8.5 +3.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 43 3.5 -1.6
IDRV iShares Self-driving EV & Tech ETF 0.6 47 43 3.2 -1.8
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 15 4.4 -0.6
OCEN IQ Clean Oceans ETF 0.6 45 45 5.3 +0.3
ROBO ROBO Global Robotics & Automation Index ETF 0.6 95 -5 3.2 -1.9
PBD Invesco Global Clean Energy ETF 0.6 75 15 0.8 -4.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 25 1.9 -3.1
IBAT iShares Energy Storage & Materials ETF 0.6 47 43 2.8 -2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 81 5.5 +0.5
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 40 7.1 +2.1
JXI iShares Global Utilities ETF 0.6 43 47 5.8 +0.8
FDHT Fidelity Digital Health ETF 0.6 39 51 1.5 -3.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 22 1.9 -3.1
ISHP First Trust Nasdaq Retail ETF 0.6 60 30 5.7 +0.7
KWEB KraneShares CSI China Internet ETF 0.6 69 21 27.1 +22.1
FDNI First Trust Dow Jones International Internet ETF 0.6 65 25 23.6 +18.6
IBUY Amplify Online Retail ETF 0.6 65 25 1.7 -3.4
DFGR Dimensional Global Real Estate ETF 0.6 22 68 8.1 +3.0
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 15 2.8 -2.3
CGDG Capital Group Dividend Growers ETF 0.6 47 43 6.0 +0.9
FLHK Franklin FTSE Hong Kong ETF 0.5 9 81 4.3 -0.8
GSIB Themes Global Systemically Important Banks ETF 0.5 35 55 8.8 +3.8
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 31 5.2 +0.1
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 31 7.0 +2.0
REET iShares Global REIT ETF 0.5 14 76 7.8 +2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 4 14.8 +9.7
IXG iShares Global Financials ETF 0.5 42 48 6.4 +1.4
BINV Brandes International ETF 0.5 70 20 9.1 +4.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 45 1.7 -3.3
CGV Conductor Global Equity Value ETF 0.5 130 -40 7.9 +2.8
NIKL Sprott Nickel Miners ETF 0.5 75 15 8.9 +3.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.5 60 30 10.7 +5.6
SHLD Global X Defense Tech ETF 0.5 50 40 3.2 -1.9
JHDV John Hancock U.S. High Dividend ETF 0.5 34 56 6.8 +1.8
JETS U.S. Global Jets ETF 0.5 60 30 2.6 -2.5
BNGE First Trust S-Network Streaming and Gaming ETF 0.4 70 20 2.7 -2.4
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 43 7.7 +2.7
CGGR Capital Group Growth ETF 0.4 39 51 3.4 -1.6
AVRE Avantis Real Estate ETF 0.4 17 73 7.6 +2.5
BLES Inspire Global Hope ETF 0.4 61 29 6.8 +1.8
AGNG Global X Aging Population ETF 0.4 50 40 4.6 -0.5
FPXI First Trust International Equity Opportunities ETF 0.3 70 20 4.4 -0.6
IGRO iShares International Dividend Growth ETF 0.3 15 75 6.9 +1.9
INTF iShares International Equity Factor ETF 0.3 15 75 7.3 +2.2
NATO Themes Transatlantic Defense ETF 0.3 35 55 2.2 -2.8
SOCL Global X Social Media ETF 0.3 65 25 11.1 +6.1
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 4.4 -0.7
FPAG FPA Global Equity ETF 0.3 49 41 5.6 +0.6
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 67 8.1 +3.1
TTAI FCF International Quality ETF 0.2 59 31 7.4 +2.4
VIGI Vanguard International Dividend Appreciation ETF 0.2 10 80 6.3 +1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 53 7.7 +2.7
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 7.1 +2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 41 6.7 +1.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 51 5.8 +0.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 81 7.6 +2.5
VPL Vanguard FTSE Pacific ETF 0.0 7 83 6.4 +1.4
SCHC Schwab International Small-Cap Equity ETF 0.0 11 79 7.5 +2.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.8 -0.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 50 6.9 +1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 7.5 +2.5
BKIE BNY Mellon International Equity ETF 0.0 4 86 6.5 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 6.4 +1.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 87 6.8 +1.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 6.7 +1.7
SCHF Schwab International Equity ETF 0.0 6 84 6.9 +1.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 81 6.2 +1.1
EMM Global X Emerging Markets ex-China ETF 0.0 75 15 6.8 +1.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 83 6.7 +1.7

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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.54
 
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.