Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 3.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.6x P/Sales
ratio		 1.8x
P/BV
ratio		 2.4x Div.
yield		 1.7%


  • 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) $162
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) $47,174
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 May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
38.2% 73.4% 7.4% 10.3% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 1.23 44%
MSCI EAFE 0.98 45%
MSCI Emg. Mkts. 0.93 70%

Technical Indicators
Recent close $32.80
30d moving avg. $31.76
Annualized volatility 15.9%
Short interest (ETF) 4.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 64
Turnover 1.3%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 328 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™: 3.4%


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
(%)
FLTW Franklin FTSE Taiwan ETF 15.1 19 71 3.2 -0.3
EWT iShares MSCI Taiwan ETF 14.3 58 32 2.8 -0.6
FEM First Trust Emerging Markets AlphaDEX Fund 14.0 80 10 8.7 +5.3
FDEM Fidelity Emerging Markets Multifactor ETF 13.5 25 65 9.9 +6.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 13.4 30 60 7.3 +3.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.8 32 58 4.5 +1.1
EMXF iShares ESG Advanced MSCI EM ETF 12.8 16 74 6.4 +3.0
FTHF First Trust Emerging Markets Human Flourishing ETF 12.7 75 15 5.2 +1.8
JADE JPMorgan Active Developing Markets Equity ETF 12.7 65 25 5.7 +2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 12.6 33 57 6.3 +2.9
EEMO Invesco S&P Emerging Markets Momentum ETF 12.3 29 61 5.8 +2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.3 25 65 5.9 +2.4
JHEM John Hancock Multifactor Emerging Markets ETF 12.2 49 41 7.1 +3.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.5 45 45 9.6 +6.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.5 44 46 9.3 +5.9
VEXC Vanguard Emerging Markets Ex-China ETF 11.5 7 83 5.5 +2.1
XCNY SPDR S&P Emerging Markets ex-China ETF 11.4 15 75 5.4 +2.0
VWO Vanguard FTSE Emerging Markets ETF 11.2 7 83 8.9 +5.5
SCHE Schwab Emerging Markets Equity ETF 11.2 11 79 9.2 +5.8
PXH Invesco FTSE RAFI Emerging Markets ETF 11.1 49 41 13.2 +9.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.1 15 75 8.4 +5.0
SPEM SPDR Portfolio Emerging Markets ETF 11.0 7 83 9.2 +5.8
LDEM iShares ESG MSCI EM Leaders ETF 11.0 17 73 12.4 +9.0
GMF SPDR S&P Emerging Asia Pacific ETF 10.9 49 41 8.3 +4.9
DEHP Dimensional Emerging Markets High Profitability ETF 10.7 41 49 4.5 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 10.6 30 60 7.5 +4.0
BKEM BNY Mellon Emerging Markets Equity ETF 10.5 11 79 7.4 +4.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.5 66 24 6.7 +3.3
AVEM Avantis Emerging Markets Equity ETF 10.5 33 57 6.6 +3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.5 36 54 7.2 +3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.5 15 75 7.5 +4.1
EMGF iShares Emerging Markets Equity Factor ETF 10.4 25 65 8.4 +5.0
EEM iShares MSCI Emerging Markets ETF 10.3 69 21 7.3 +3.9
ESGE iShares ESG Aware MSCI EM ETF 10.3 25 65 7.8 +4.4
ROAM Hartford Multifactor Emerging Markets ETF 10.3 44 46 7.1 +3.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 10.3 69 21 7.0 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 10.3 41 49 6.5 +3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 10.3 48 42 8.0 +4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 10.1 50 40 7.8 +4.4
EEMA iShares MSCI Emerging Markets Asia ETF 10.0 49 41 7.2 +3.7
XCEM Columbia EM Core ex-China ETF 10.0 16 74 4.6 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 9.9 9 81 7.8 +4.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.8 32 58 7.0 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 9.7 35 55 6.6 +3.1
JIVE JPMorgan International Value ETF 9.6 55 35 8.1 +4.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 9.6 75 15 5.8 +2.4
EMXC iShares MSCI Emerging Markets ex China ETF 9.6 25 65 4.7 +1.3
STXE Strive Emerging Markets Ex-China ETF 9.5 32 58 4.7 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.5 38 52 6.6 +3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.5 45 45 7.6 +4.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.4 24 66 4.8 +1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.2 39 51 13.5 +10.1
FLAX Franklin FTSE Asia Ex Japan ETF 9.2 19 71 6.7 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.0 70 20 6.5 +3.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.7 88 2 7.4 +4.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.6 29 61 8.7 +5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 8.4 36 54 5.7 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 31 8.0 +4.6
AVES Avantis Emerging Markets Value ETF 7.9 36 54 8.6 +5.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 7.8 53 37 4.7 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.8 20 70 12.8 +9.3
AVSE Avantis Responsible Emerging Markets Equity ETF 7.8 33 57 6.2 +2.8
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 15 7.9 +4.5
FRGN Horizon International Equity ETF 7.2 75 15 7.5 +4.0
MCHI iShares MSCI China ETF 7.2 59 31 20.9 +17.4
JIG JPMorgan International Growth ETF 7.1 55 35 3.4 -0.0
FLCH Franklin FTSE China ETF 7.1 19 71 18.4 +15.0
MEM Matthews Emerging Markets Equity Active ETF 6.8 79 11 7.9 +4.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.7 40 50 6.0 +2.6
MINV Matthews Asia Innovators Active ETF 6.7 79 11 4.7 +1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.5 42 48 3.9 +0.5
GXC SPDR S & P China ETF 6.2 59 31 18.8 +15.4
AIA iShares Asia 50 ETF 6.2 50 40 7.2 +3.7
VSGX Vanguard ESG International Stock ETF 6.0 10 80 6.3 +2.9
BKF iShares MSCI BIC ETF 5.9 69 21 14.9 +11.4
FLLA Franklin FTSE Latin America ETF 5.8 19 71 10.7 +7.2
FCA First Trust China AlphaDEX Fund 5.7 80 10 7.6 +4.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.7 32 58 13.7 +10.3
FLMX Franklin FTSE Mexico ETF 5.7 19 71 8.4 +5.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.7 75 15 1.6 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 5.7 34 56 6.2 +2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.6 41 49 5.8 +2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.6 18 72 6.2 +2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.6 95 -5 9.6 +6.2
FXI iShares China Large-Cap ETF 5.6 74 16 21.8 +18.4
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 4 86 6.5 +3.1
IXUS iShares Core MSCI Total International Stock ETF 5.5 7 83 6.4 +3.0
VXUS Vanguard Total International Stock ETF 5.5 5 85 6.4 +3.0
XC WisdomTree Emerging Markets Ex-China Fund 5.5 32 58 6.4 +2.9
WRND IQ Global Equity R&D Leaders ETF 5.4 18 72 4.0 +0.5
DFEV Dimensional Emerging Markets Value ETF 5.3 43 47 8.9 +5.4
FLN First Trust Latin America AlphaDEX Fund 5.2 80 10 10.1 +6.7
EDIV SPDR S&P Emerging Markets Dividend ETF 5.2 49 41 8.8 +5.4
EYLD Cambria Emerging Shareholder Yield ETF 5.1 66 24 8.7 +5.2
IQDF FlexShares International Quality Dividend Index Fund 5.0 47 43 7.3 +3.8
EWW iShares MSCI Mexico ETF 4.8 50 40 8.1 +4.7
EMC Global X Emerging Markets Great Consumer ETF 4.8 75 15 6.7 +3.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.7 33 57 5.7 +2.3
JCHI JPMorgan Active China ETF 4.5 65 25 15.6 +12.1
PATN Pacer Nasdaq International Patent Leaders ETF 4.4 65 25 3.8 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 43 6.9 +3.5
OAIM OneAscent International Equity ETF 4.3 95 -5 4.3 +0.9
CGXU Capital Group International Focus Equity ETF 4.3 54 36 3.6 +0.1
AQLT iShares MSCI Global Quality Factor ETF 4.2 18 72 0.0 -3.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.2 30 60 6.2 +2.8
KNCT Invesco Next Gen Connectivity ETF 4.2 40 50 2.7 -0.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.1 63 27 10.0 +6.6
CLNR IQ Cleaner Transport ETF 4.1 45 45 3.9 +0.5
FRDM Freedom 100 Emerging Markets ETF 4.1 49 41 4.8 +1.4
ECNS iShares MSCI China Small-Cap ETF 4.1 59 31 9.4 +6.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.0 60 30 8.9 +5.4
EMM Global X Emerging Markets ex-China ETF 4.0 75 15 4.3 +0.9
IXN iShares Global Tech ETF 4.0 41 49 2.5 -0.9
XT iShares Exponential Technologies ETF 3.8 46 44 3.8 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.8 20 70 5.8 +2.4
KURE KraneShares MSCI All China Health Care Index ETF 3.6 65 25 3.3 -0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.6 12 78 4.4 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 3.5 35 55 9.8 +6.4
DOL WisdomTree International LargeCap Dividend Fund 3.5 48 42 5.5 +2.0
ION ProShares S&P Global Core Battery Metals ETF 3.3 58 32 5.4 +2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.3 58 32 8.1 +4.7
ARTY iShares Future AI & Tech ETF 3.3 47 43 2.2 -1.2
IGRO iShares International Dividend Growth ETF 3.2 15 75 6.7 +3.3
IHAK iShares Cybersecurity & Tech ETF 3.0 47 43 3.7 +0.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.0 42 48 7.3 +3.9
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 38 8.0 +4.6
MOTI VanEck Morningstar International Moat ETF 2.9 58 32 10.3 +6.9
TINY ProShares Nanotechnology ETF 2.9 58 32 1.1 -2.4
AGQI First Trust Active Global Quality Income ETF 2.9 85 5 6.3 +2.9
FBOT Fidelity Disruptive Automation ETF 2.9 50 40 2.9 -0.6
AGIX KraneShares Artificial Intelligence and Technology ETF 2.9 99 -9 1.0 -2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.9 20 70 4.7 +1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.9 70 20 6.2 +2.8
DVYE iShares Emerging Markets Dividend ETF 2.9 49 41 18.1 +14.6
COPX Global X Copper Miners ETF 2.9 65 25 4.0 +0.5
ACWI iShares MSCI ACWI ETF 2.8 32 58 4.6 +1.2
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 1 4.2 +0.8
BAI iShares AI Innovation and Tech Active ETF 2.7 55 35 0.8 -2.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.7 60 30 10.5 +7.1
VIDI Vident International Equity Strategy ETF 2.6 61 29 8.0 +4.6
VYMI Vanguard International High Dividend Yield ETF 2.6 17 73 7.9 +4.5
ILF iShares Latin America 40 ETF 2.6 48 42 9.7 +6.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.6 46 44 7.9 +4.5
VT Vanguard Total World Stock ETF 2.6 6 84 4.9 +1.5
CWI SPDR MSCI ACWI ex-US ETF 2.6 30 60 6.3 +2.9
CHAT Roundhill Generative AI & Technology ETF 2.5 75 15 3.7 +0.2
GLOF iShares Global Equity Factor ETF 2.5 20 70 5.5 +2.1
TCHI iShares MSCI China Multisector Tech ETF 2.4 59 31 13.1 +9.7
KTEC KraneShares Hang Seng TECH Index ETF 2.3 69 21 22.2 +18.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.3 47 43 5.0 +1.6
CCNR ALPS CoreCommodity Natural Resources ETF 2.2 39 51 8.3 +4.8
GDXJ VanEck Junior Gold Miners ETF 2.2 52 38 2.9 -0.5
DTCR Global X Data Center & Digital Infrastructure ETF 2.2 50 40 3.1 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 2.2 39 51 7.7 +4.3
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 80 4.9 +1.5
FLBR Franklin FTSE Brazil ETF 2.1 19 71 12.3 +8.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.1 72 18 2.1 -1.3
BRF VanEck Brazil Small-Cap ETF 2.1 66 24 11.6 +8.2
EWZS iShares MSCI Brazil Small-Cap ETF 2.1 59 31 12.3 +8.9
HUMN Roundhill Humanoid Robotics ETF 2.0 75 15 1.1 -2.3
ROBO ROBO Global Robotics & Automation Index ETF 2.0 95 -5 2.3 -1.2
SDIV Global X Superdividend ETF 2.0 58 32 13.9 +10.5
EWM iShares MSCI Malaysia ETF 2.0 50 40 6.6 +3.1
EWZ iShares MSCI Brazil ETF 1.9 58 32 11.2 +7.7
GMET VanEck Green Metals ETF 1.9 63 27 0.5 -3.0
KWEB KraneShares CSI China Internet ETF 1.9 69 21 26.2 +22.7
BATT Amplify Lithium & Battery Technology ETF 1.9 59 31 1.7 -1.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 70 20 9.5 +6.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.8 69 21 1.9 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 23 12.5 +9.1
HAP VanEck Natural Resources ETF 1.7 50 40 6.8 +3.4
AIVC Amplify Bloomberg AI Value Chain ETF 1.6 59 31 3.2 -0.3
ESPO VanEck Video Gaming and eSports ETF 1.6 56 34 6.8 +3.4
HERO Global X Video Games & Esports ETF 1.6 50 40 6.1 +2.7
NXTG First Trust Indxx NextG ETF 1.6 70 20 3.4 -0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.5 80 10 11.8 +8.4
AUAU Global X Gold Miners ETF 1.5 35 55 2.6 -0.9
COPA Themes Copper Miners ETF 1.5 35 55 2.8 -0.6
ASEA Global X FTSE Southeast Asia ETF 1.5 65 25 5.3 +1.9
IDX VanEck Indonesia Index ETF 1.5 57 33 9.8 +6.4
NERD Roundhill Video Games ETF 1.4 50 40 8.2 +4.7
GDX VanEck Gold Miners ETF 1.4 51 39 3.0 -0.5
CGRO CoreValues Alpha Greater China Growth ETF 1.4 75 15 5.5 +2.1
SLVP iShares MSCI Global Silver Miners ETF 1.4 39 51 4.1 +0.7
DRGN Themes China Generative Artificial Intelligence ETF 1.4 39 51 9.3 +5.9
GOEX Global X Gold Explorers ETF 1.4 65 25 2.2 -1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.4 10 80 8.5 +5.1
ICOP iShares Copper and Metals Mining ETF 1.4 47 43 5.2 +1.8
TUR iShares MSCI Turkey ETF 1.4 58 32 12.8 +9.3
DSTX Distillate International Fundamental Stability & Value ETF 1.3 55 35 6.6 +3.1
AGMI Themes Silver Miners ETF 1.3 35 55 3.9 +0.5
RING iShares MSCI Global Gold Miners ETF 1.3 39 51 3.5 +0.1
BRAZ Global X Brazil Active ETF 1.3 75 15 10.7 +7.3
GEW Cambria Global EW ETF 1.3 29 61 5.3 +1.9
EZA iShares MSCI South Africa ETF 1.3 58 32 9.0 +5.6
BOTT Themes Robotics & Automation ETF 1.2 35 55 -4.1 -7.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.2 65 25 1.4 -2.0
THD iShares MSCI Thailand ETF 1.2 58 32 0.0 -3.4
CHIQ Global X MSCI China Consumer Discretionary ETF 1.1 65 25 14.6 +11.2
IDRV iShares Self-driving EV & Tech ETF 1.1 47 43 1.3 -2.2
AUMI Themes Gold Miners ETF 1.0 35 55 3.3 -0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 78 8.6 +5.2
EPHE iShares MSCI Philippines ETF 1.0 59 31 0.0 -3.4
TMFG Motley Fool Global Opportunities ETF 1.0 85 5 3.8 +0.3
SHPP Pacer Industrials and Logistics ETF 1.0 60 30 6.8 +3.4
EWX SPDR S&P Emerging Markets Small Cap ETF 1.0 65 25 6.2 +2.8
EIDO iShares MSCI Indonesia ETF 1.0 59 31 10.7 +7.3
FTRI First Trust Indxx Global Natural Resources Income ETF 1.0 70 20 6.7 +3.3
GVAL Cambria Global Value ETF 1.0 68 22 8.4 +4.9
EFRA iShares Environmental Infrastructure and Industrials ETF 1.0 47 43 5.1 +1.6
GGME Invesco Next Gen Media and Gaming ETF 0.9 60 30 4.6 +1.1
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 31 7.2 +3.8
AFK VanEck Africa Index ETF 0.9 98 -8 10.8 +7.3
GNR SPDR S&P Global Natural Resources ETF 0.9 40 50 8.6 +5.2
GINN Goldman Sachs Innovate Equity ETF 0.9 52 38 3.7 +0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 41 4.5 +1.1
CHPX Global X AI Semiconductor & Quantum ETF 0.8 50 40 1.4 -2.0
IXC iShares Global Energy ETF 0.8 44 46 7.9 +4.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 15 4.5 +1.0
ARVR First Trust Indxx Metaverse ETF 0.8 70 20 3.6 +0.1
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 30 4.7 +1.3
AVRE Avantis Real Estate ETF 0.8 17 73 6.8 +3.4
UMMA Wahed Dow Jones Islamic World ETF 0.8 65 25 3.3 -0.2
MXI iShares Global Materials ETF 0.8 41 49 5.8 +2.4
CGW Invesco S&P Global Water Index ETF 0.8 57 33 4.6 +1.2
PIO Invesco Global Water ETF 0.8 75 15 4.4 +0.9
FEOE First Eagle Overseas Equity ETF 0.7 79 11 6.1 +2.7
CARZ First Trust NASDAQ Global Auto Index Fund 0.7 70 20 2.1 -1.3
FPAG FPA Global Equity ETF 0.7 49 41 5.8 +2.4
JGLO JPMorgan Global Select Equity ETF 0.7 33 57 4.3 +0.9
ABLG Abacus FCF International Leaders ETF 0.7 59 31 6.1 +2.7
MDEV First Trust Indxx Medical Devices ETF 0.7 70 20 5.2 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 81 4.8 +1.4
BMED Future Health ETF 0.7 85 5 1.3 -2.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 35 5.6 +2.2
IQRA IQ CBRE Real Assets ETF 0.7 65 25 5.9 +2.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 71 5.4 +2.0
SHLD Global X Defense Tech ETF 0.7 50 40 3.1 -0.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 11 7.3 +3.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 82 6.2 +2.8
CQQQ Invesco China Technology ETF 0.6 70 20 14.5 +11.1
SIL Global X Silver Miners ETF 0.6 65 25 1.8 -1.7
IBOT Vaneck Robotics ETF 0.6 47 43 3.1 -0.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 22 2.9 -0.6
IXG iShares Global Financials ETF 0.6 42 48 6.1 +2.7
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 5.9 +2.4
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 4.2 +0.8
FFND Future Fund Active ETF 0.6 100 -10 4.3 +0.9
JHDV John Hancock U.S. High Dividend ETF 0.6 34 56 5.8 +2.4
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 14 3.2 -0.3
OTGL OTG Latin America ETF 0.6 269 -179 7.7 +4.3
CTEC Global X CleanTech ETF 0.6 50 40 -0.1 -3.5
DTEC ALPS Disruptive Technologies ETF 0.6 50 40 3.7 +0.3
FAN First Trust Global Wind Energy ETF 0.6 60 30 2.8 -0.6
FRNW Fidelity Clean Energy ETF 0.6 39 51 1.8 -1.6
ICLN iShares Global Clean Energy ETF 0.6 41 49 1.7 -1.7
WWJD Inspire International ETF 0.6 80 10 6.3 +2.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 12 9.4 +6.0
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 28 3.1 -0.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 51 1.0 -2.5
IPKW Invesco International BuyBack Achievers ETF 0.6 55 35 8.2 +4.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 11 3.5 +0.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 43 2.7 -0.8
CGGR Capital Group Growth ETF 0.6 39 51 2.5 -0.9
OCEN IQ Clean Oceans ETF 0.6 45 45 4.6 +1.2
PBD Invesco Global Clean Energy ETF 0.6 75 15 0.2 -3.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.6 45 45 1.7 -1.7
IBAT iShares Energy Storage & Materials ETF 0.6 47 43 1.4 -2.0
POW VistaShares Electrification Supercycle ETF 0.6 75 15 1.9 -1.6
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 40 6.3 +2.9
JXI iShares Global Utilities ETF 0.6 43 47 5.2 +1.8
DFGR Dimensional Global Real Estate ETF 0.6 22 68 7.0 +3.6
FDHT Fidelity Digital Health ETF 0.6 39 51 1.7 -1.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 22 2.5 -1.0
IBUY Amplify Online Retail ETF 0.6 65 25 2.3 -1.2
ISHP First Trust Nasdaq Retail ETF 0.6 60 30 5.6 +2.1
FDNI First Trust Dow Jones International Internet ETF 0.6 65 25 25.6 +22.1
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 15 0.7 -2.7
REET iShares Global REIT ETF 0.6 14 76 7.0 +3.6
GSIB Themes Global Systemically Important Banks ETF 0.5 35 55 7.9 +4.5
MCH Matthews China Active ETF 0.5 79 11 14.1 +10.6
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 31 5.6 +2.1
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 31 6.0 +2.6
FEGE First Eagle Global Equity ETF 0.5 79 11 6.1 +2.7
SILJ ETFMG Prime Junior Silver Miners ETF 0.5 69 21 0.4 -3.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 35 3.8 +0.3
BINV Brandes International ETF 0.5 70 20 8.5 +5.1
CGV Conductor Global Equity Value ETF 0.5 130 -40 7.5 +4.1
NIKL Sprott Nickel Miners ETF 0.5 75 15 8.4 +5.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 4 13.3 +9.9
SETM Sprott Energy Transition Materials ETF 0.4 65 25 1.6 -1.9
NATO Themes Transatlantic Defense ETF 0.4 35 55 1.8 -1.6
JETS U.S. Global Jets ETF 0.4 60 30 2.3 -1.1
GPT Intelligent Alpha Atlas ETF 0.4 69 21 6.0 +2.6
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 43 7.0 +3.5
BNGE First Trust S-Network Streaming and Gaming ETF 0.4 70 20 3.1 -0.4
SCHY Schwab International Dividend Equity ETF 0.4 14 76 8.4 +4.9
BLES Inspire Global Hope ETF 0.3 61 29 5.7 +2.3
IGPT Invesco AI and Next Gen Software ETF 0.3 60 30 2.1 -1.3
AGNG Global X Aging Population ETF 0.3 50 40 4.4 +1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 53 7.0 +3.6
SOCL Global X Social Media ETF 0.2 65 25 12.9 +9.5
DEW WisdomTree Global High Dividend Fund 0.2 58 32 7.2 +3.8
TTAI FCF International Quality ETF 0.2 59 31 6.8 +3.4
INTF iShares International Equity Factor ETF 0.2 15 75 6.5 +3.0
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 67 7.3 +3.9
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 30 0.2 -3.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 6.0 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 41 6.0 +2.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 81 6.4 +3.0
VPL Vanguard FTSE Pacific ETF 0.0 7 83 4.9 +1.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 65 5.3 +1.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 55 4.2 +0.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 4.1 +0.7
SCHC Schwab International Small-Cap Equity ETF 0.0 11 79 6.5 +3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 50 6.1 +2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 70 5.4 +2.0
IQSI IQ Candriam International Equity ETF 0.0 15 75 5.4 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 6.9 +3.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 87 5.7 +2.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 56 5.6 +2.1
SCHF Schwab International Equity ETF 0.0 6 84 5.7 +2.3
IPAC iShares Core MSCI Pacific ETF 0.0 9 81 5.4 +2.0
WSML iShares MSCI World Small-Cap ETF 0.0 15 75 5.3 +1.9
BKIE BNY Mellon International Equity ETF 0.0 4 86 5.9 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 5.7 +2.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 83 6.0 +2.6
AVSD Avantis Responsible International Equity ETF 0.0 23 67 5.9 +2.4

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:

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 2.3 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.53
 
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.