Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 11.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.2x Div.
yield		 2.8%


  • 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) $90
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 96
Wgt avg mkt cap (mns) $28,630
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
POP MART INTERNATIONAL GROUP LIMIT 3.8 %
TAIWAN SEMICONDUCTOR MANUFAC 3.1 %
TOPCO SCIENTIFIC CO LTD 2.7 %
L&K ENGINEERING CO LTD 2.7 %
SINBON ELECTRONINCS CO LTD 2.6 %
ADVANCETEK ENTERPRISE CO LTD 2.5 %
SOLOMON TECHNOLOGY CORP 2.4 %
FORTRESS REIT LTD CLASS B 2.2 %
COMPARTAMOS SAB DE CV 2.2 %
QL RESOURCES BHD 2.0 %
Total 26.2 %

TOP COUNTRY EXPOSURE
TAIWAN 33.4 %
CHINA 24.9 %
SOUTH AFRICA 7.8 %
MEXICO 5.5 %
MALAYSIA 5.1 %
BRAZIL 4.7 %
TURKEY 4.2 %
HUNGARY 2.7 %
HONG KONG 1.8 %
THAILAND 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% -8.3% 5.0% 2.4% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.73 47%
MSCI EAFE 0.74 51%
MSCI Emg. Mkts. 0.88 72%

Technical Indicators
Recent close $19.30
30d moving avg. $18.82
Annualized volatility 17.9%
Short interest (ETF) 0.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $2,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 274 potential alternatives to the Invesco Dorsey Wright Emerging Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIE Expense: 90 bp ALTAR Score™: 8.1%


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 21.9 80 10 12.0 +4.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 15.7 45 45 10.8 +2.7
EEMO Invesco S&P Emerging Markets Momentum ETF 14.9 29 61 6.8 -1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 12.9 49 41 17.0 +8.9
FCA First Trust China AlphaDEX Fund 12.4 80 10 9.9 +1.8
ECON Columbia Emerging Markets Consumer ETF 11.6 49 41 13.3 +5.2
EWT iShares MSCI Taiwan ETF 11.6 58 32 6.7 -1.4
EMXF iShares ESG Advanced MSCI EM ETF 11.5 16 74 8.6 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.4 39 51 17.2 +9.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.4 15 75 8.6 +0.5
FLTW Franklin FTSE Taiwan ETF 11.3 19 71 6.9 -1.2
EYLD Cambria Emerging Shareholder Yield ETF 11.2 66 24 13.0 +4.9
ROAM Hartford Multifactor Emerging Markets ETF 11.2 44 46 12.3 +4.2
ESGE iShares ESG Aware MSCI EM ETF 10.9 25 65 10.7 +2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.6 44 46 10.9 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.4 30 60 10.9 +2.8
SPEM SPDR Portfolio Emerging Markets ETF 10.3 7 83 11.0 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.2 45 45 11.1 +3.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.1 24 66 8.5 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 10.0 49 41 10.7 +2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.0 88 2 9.8 +1.7
SCHE Schwab Emerging Markets Equity ETF 9.9 11 79 11.8 +3.7
EEM iShares MSCI Emerging Markets ETF 9.9 69 21 10.8 +2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.9 66 24 10.5 +2.4
VWO Vanguard FTSE Emerging Markets ETF 9.8 8 82 11.1 +3.0
LDEM iShares ESG MSCI EM Leaders ETF 9.8 17 73 14.0 +5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.8 50 40 11.9 +3.8
EEMA iShares MSCI Emerging Markets Asia ETF 9.8 49 41 10.9 +2.8
BKEM BNY Mellon Emerging Markets Equity ETF 9.8 11 79 10.6 +2.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.7 41 49 9.5 +1.4
FTHF First Trust Emerging Markets Human Flourishing ETF 9.6 75 15 8.9 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.6 15 75 10.9 +2.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 9.5 36 54 10.4 +2.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.5 29 61 8.6 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 9.5 9 81 11.0 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.3 70 20 9.9 +1.8
FDEM Fidelity Emerging Markets Multifactor ETF 9.3 25 65 13.6 +5.5
DFAE Dimensional Emerging Core Equity Market ETF 9.2 35 55 10.2 +2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 9.1 48 42 8.1 +0.0
EMGF iShares Emerging Markets Equity Factor ETF 9.1 25 65 12.3 +4.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.1 38 52 10.0 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 9.0 19 71 10.0 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.0 59 31 12.3 +4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.9 30 60 10.2 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 8.9 36 54 8.2 +0.1
XCNY SPDR S&P Emerging Markets ex-China ETF 8.7 15 75 7.7 -0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.6 33 57 10.7 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 8.6 49 41 10.1 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.5 40 50 7.3 -0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.3 32 58 7.0 -1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.1 95 -5 13.3 +5.2
XCEM Columbia EM Core ex-China ETF 8.0 16 74 8.4 +0.3
AIA iShares Asia 50 ETF 8.0 50 40 14.7 +6.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 7.9 75 15 10.3 +2.2
AVES Avantis Emerging Markets Value ETF 7.9 36 54 12.0 +3.9
STXE Strive Emerging Markets Ex-China ETF 7.9 32 58 8.0 -0.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.8 25 65 6.5 -1.6
EMXC iShares MSCI Emerging Markets ex China ETF 7.8 25 65 8.0 -0.1
XC WisdomTree Emerging Markets Ex-China Fund 7.8 32 58 6.2 -1.9
RNEM First Trust Emerging Markets Equity Select ETF 7.8 75 15 7.0 -1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 7.7 35 55 20.9 +12.9
MCHI iShares MSCI China ETF 7.7 59 31 18.9 +10.8
DEHP Dimensional Emerging Markets High Profitability ETF 7.7 41 49 7.2 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.2 20 70 10.8 +2.7
GXC SPDR S&P China ETF 7.2 59 31 17.5 +9.4
AVEM Avantis Emerging Markets Equity ETF 7.1 33 57 9.5 +1.4
DVYE iShares Emerging Markets Dividend ETF 7.1 49 41 18.7 +10.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 7.1 80 10 15.1 +7.0
EDIV SPDR S&P Emerging Markets Dividend ETF 6.9 49 41 11.9 +3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.9 32 58 9.7 +1.6
FLCH Franklin FTSE China ETF 6.6 19 71 17.9 +9.8
DFEV Dimensional Emerging Markets Value ETF 6.4 43 47 14.1 +6.0
DEM WisdomTree Emerging Markets High Dividend Fund 6.4 63 27 13.6 +5.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.2 58 32 9.9 +1.8
RODE Hartford Multifactor Diversified International ETF 6.2 29 61 11.0 +2.9
KALL KraneShares MSCI All China Index ETF 5.9 49 41 14.9 +6.8
VIDI Vident International Equity Strategy ETF 5.8 61 29 11.2 +3.1
BKF iShares MSCI BIC ETF 5.8 69 21 13.8 +5.7
MEM Matthews Emerging Markets Equity Active ETF 5.8 79 11 8.5 +0.4
FXI iShares China Large-Cap ETF 5.7 74 16 18.9 +10.8
CHIQ Global X MSCI China Consumer Discretionary ETF 5.7 65 25 15.5 +7.4
VSGX Vanguard ESG International Stock ETF 5.4 12 78 8.0 -0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.2 70 20 15.5 +7.4
PATN Pacer Nasdaq International Patent Leaders ETF 5.2 65 25 6.6 -1.5
CGRO CoreValues Alpha Greater China Growth ETF 5.2 75 15 4.3 -3.8
CLNR IQ Cleaner Transport ETF 5.1 45 45 6.9 -1.2
TCHI iShares MSCI China Multisector Tech ETF 5.0 59 31 22.0 +13.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.0 42 48 6.8 -1.3
FBZ First Trust Brazil AlphaDEX Fund 4.8 80 10 12.5 +4.4
FLN First Trust Latin America AlphaDEX Fund 4.8 80 10 10.2 +2.1
ACWX iShares MSCI ACWI ex U.S. ETF 4.8 34 56 7.9 -0.2
KTEC KraneShares Hang Seng TECH Index ETF 4.6 69 21 21.6 +13.5
FLBR Franklin FTSE Brazil ETF 4.5 19 71 15.7 +7.6
VEU Vanguard FTSE All-World ex-US Index Fund 4.5 8 82 8.3 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.5 41 49 7.8 -0.3
KNCT Invesco Next Gen Connectivity ETF 4.5 40 50 5.2 -2.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 72 8.0 -0.1
ECNS iShares MSCI China Small-Cap ETF 4.4 59 31 10.6 +2.5
TUR iShares MSCI Turkey ETF 4.3 58 32 22.7 +14.6
IXUS iShares Core MSCI Total International Stock ETF 4.3 7 83 8.1 +0.0
FLLA Franklin FTSE Latin America ETF 4.3 19 71 13.4 +5.3
VXUS Vanguard Total International Stock ETF 4.2 7 83 8.2 +0.1
EWZ iShares MSCI Brazil ETF 4.2 58 32 13.7 +5.6
IXN iShares Global Tech ETF 4.0 41 49 4.2 -3.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.9 60 30 12.7 +4.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.9 32 58 19.0 +10.9
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 43 9.3 +1.2
FPXI First Trust International Equity Opportunities ETF 3.8 70 20 3.6 -4.5
EWW iShares MSCI Mexico ETF 3.8 50 40 9.2 +1.1
JCHI JPMorgan Active China ETF 3.7 65 25 16.5 +8.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.7 47 43 8.5 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.7 20 70 5.8 -2.3
NXTG First Trust Indxx NextG ETF 3.6 70 20 5.6 -2.5
CGXU Capital Group International Focus Equity ETF 3.6 54 36 5.8 -2.3
IWTR iShares MSCI Water Management Multisector ETF 3.5 47 43 6.1 -2.0
EWM iShares MSCI Malaysia ETF 3.4 50 40 7.0 -1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 3.2 65 25 8.3 +0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.2 70 20 7.8 -0.3
JIG JPMorgan International Growth ETF 3.1 55 35 4.7 -3.4
MINV Matthews Asia Innovators Active ETF 3.1 79 11 7.8 -0.3
FBOT Fidelity Disruptive Automation ETF 3.1 50 40 3.9 -4.2
AGQI First Trust Active Global Quality Income ETF 3.1 85 5 4.9 -3.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.9 59 31 6.8 -1.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.7 30 60 8.3 +0.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.7 67 23 14.0 +6.0
FRDM Freedom 100 Emerging Markets ETF 2.7 49 41 8.9 +0.8
OAIM OneAscent International Equity ETF 2.7 95 -5 6.1 -2.0
CHAT Roundhill Generative AI & Technology ETF 2.7 75 15 7.0 -1.1
VYMI Vanguard International High Dividend Yield ETF 2.5 22 68 9.8 +1.7
MCH Matthews China Active ETF 2.4 79 11 16.3 +8.2
IVES Wedbush ETFMG Global Cloud Technology ETF 2.3 68 22 8.4 +0.3
ARVR First Trust Indxx Metaverse ETF 2.2 70 20 4.5 -3.6
EMC Global X Emerging Markets Great Consumer ETF 2.1 75 15 8.4 +0.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 38 6.8 -1.3
GGME Invesco Next Gen Media and Gaming ETF 2.0 60 30 4.6 -3.5
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 60 7.9 -0.2
GVAL Cambria Global Value ETF 2.0 68 22 11.2 +3.1
DTCR Global X Data Center & Digital Infrastructure ETF 1.9 50 40 4.7 -3.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.9 75 15 5.2 -2.9
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 15 4.0 -4.1
CQQQ Invesco China Technology ETF 1.8 70 20 19.5 +11.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.8 20 70 6.0 -2.1
WRND IQ Global Equity R&D Leaders ETF 1.8 18 72 8.9 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 1.7 10 80 6.0 -2.1
ACWI iShares MSCI ACWI ETF 1.7 32 58 5.9 -2.2
KGRN KraneShares MSCI China Clean Technology Index ETF 1.7 79 11 3.8 -4.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.7 60 30 10.8 +2.8
VT Vanguard Total World Stock ETF 1.6 7 83 6.2 -1.9
SDIV Global X Superdividend ETF 1.6 58 32 42.4 +34.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.6 12 78 5.3 -2.8
WWJD Inspire International ETF 1.6 80 10 7.3 -0.8
EZA iShares MSCI South Africa ETF 1.5 58 32 10.3 +2.2
FLHK Franklin FTSE Hong Kong ETF 1.5 9 81 7.0 -1.1
QTUM Defiance Quantum ETF 1.5 40 50 6.6 -1.5
DSTX Distillate International Fundamental Stability & Value ETF 1.5 55 35 8.3 +0.2
GDXJ VanEck Junior Gold Miners ETF 1.5 52 38 4.6 -3.5
ARTY iShares Future AI & Tech ETF 1.5 47 43 3.7 -4.4
WAR U.S. Global Tech and Aerospace & Defense ETF 1.5 60 30 3.6 -4.5
GLOF iShares Global Equity Factor ETF 1.4 20 70 6.9 -1.2
BLDG Cambria Global Real Estate ETF 1.4 60 30 12.2 +4.1
JGLO JPMorgan Global Select Equity ETF 1.4 33 57 5.2 -2.9
MOTI VanEck Morningstar International Moat ETF 1.4 58 32 12.8 +4.7
DEW WisdomTree Global High Dividend Fund 1.3 58 32 8.8 +0.7
HERO Global X Video Games & Esports ETF 1.3 50 40 4.2 -3.9
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 1 4.5 -3.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.3 39 51 -1.3 -9.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.3 72 18 -0.9 -9.0
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 28 3.6 -4.5
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 41 6.4 -1.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 25 8.2 +0.2
UMMA Wahed Dow Jones Islamic World ETF 1.2 65 25 5.3 -2.8
GSIB Themes Global Systemically Important Banks ETF 1.2 35 55 10.2 +2.1
IXG iShares Global Financials ETF 1.2 42 48 6.8 -1.3
XT iShares Exponential Technologies ETF 1.2 46 44 5.7 -2.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 44 10.7 +2.6
ILF iShares Latin America 40 ETF 1.1 48 42 13.4 +5.3
JETS U.S. Global Jets ETF 1.0 60 30 3.8 -4.3
ESPO VanEck Video Gaming and eSports ETF 1.0 56 34 4.4 -3.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 7 83 7.0 -1.1
IQRA IQ CBRE Real Assets ETF 1.0 65 25 5.7 -2.4
KURE KraneShares MSCI All China Health Care Index ETF 1.0 65 25 3.1 -5.0
FMET Fidelity Metaverse ETF 1.0 39 51 5.2 -2.9
GDX VanEck Gold Miners ETF 0.9 51 39 4.3 -3.8
SLVP iShares MSCI Global Silver Miners ETF 0.9 39 51 5.7 -2.4
AUMI Themes Gold Miners ETF 0.9 35 55 5.5 -2.6
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 31 5.9 -2.2
ICLN iShares Global Clean Energy ETF 0.9 41 49 6.2 -1.9
CGV Conductor Global Equity Value ETF 0.9 130 -40 9.1 +1.0
GSFP Goldman Sachs Future Planet Equity ETF 0.9 75 15 4.7 -3.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.9 75 15 3.3 -4.8
OCEN IQ Clean Oceans ETF 0.9 45 45 6.6 -1.5
ROBO ROBO Global Robotics & Automation Index ETF 0.9 95 -5 3.9 -4.2
PBD Invesco Global Clean Energy ETF 0.9 75 15 0.5 -7.6
IBAT iShares Energy Storage & Materials ETF 0.9 47 43 5.7 -2.4
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 15 5.1 -3.0
RING iShares MSCI Global Gold Miners ETF 0.8 39 51 5.6 -2.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 30 2.3 -5.8
THD iShares MSCI Thailand ETF 0.8 58 32 0.0 -8.1
DTAN Sparkline International Intangible Value ETF 0.8 55 35 8.2 +0.1
BLES Inspire Global Hope ETF 0.8 61 29 7.0 -1.1
FLMX Franklin FTSE Mexico ETF 0.8 19 71 9.5 +1.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 25 12.0 +3.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 25 3.3 -4.8
COPY Tweedy, Browne Insider + Value ETF 0.7 80 10 12.5 +4.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 80 8.3 +0.2
AFK VanEck Africa Index ETF 0.7 98 -8 12.0 +3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 51 14.1 +6.0
ISHP First Trust Nasdaq Retail ETF 0.6 60 30 6.0 -2.1
BOAT SonicShares Global Shipping ETF 0.6 69 21 28.1 +20.0
SOCL Global X Social Media ETF 0.6 65 25 12.4 +4.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.6 61 29 1.5 -6.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.6 61 29 -2.3 -10.4
IPOS Renaissance International IPO ETF 0.6 80 10 2.5 -5.6
SMOG VanEck Low Carbon Energy ETF 0.6 61 29 1.6 -6.5
BATT Amplify Lithium & Battery Technology ETF 0.6 59 31 3.8 -4.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 53 8.6 +0.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.6 47 43 3.9 -4.2
IDRV iShares Self-driving EV & Tech ETF 0.6 47 43 2.7 -5.4
SUPL ProShares Supply Chain Logistics ETF 0.6 58 32 11.0 +2.9
IDX VanEck Indonesia Index ETF 0.6 57 33 7.4 -0.7
GOEX Global X Gold Explorers ETF 0.6 65 25 4.2 -3.9
EIDO iShares MSCI Indonesia ETF 0.6 59 31 7.5 -0.6
BRAZ Global X Brazil Active ETF 0.6 75 15 13.2 +5.1
CZA Invesco Zacks Mid-Cap ETF 0.6 72 18 6.6 -1.5
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 31 7.5 -0.6
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 9 3.1 -5.0
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 20 6.1 -2.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 21 2.5 -5.6
SCHY Schwab International Dividend Equity ETF 0.5 14 76 9.6 +1.5
SHLD Global X Defense Tech ETF 0.5 50 40 3.2 -4.9
MDEV First Trust Indxx Medical Devices ETF 0.5 70 20 4.4 -3.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 71 6.1 -2.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 22 6.9 -1.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 51 12.0 +4.0
FCLD Fidelity Cloud Computing ETF 0.5 39 51 3.2 -4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 81 6.1 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 43 5.7 -2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 78 8.2 +0.1
RCGE RockCreek Global Equality ETF 0.4 95 -5 6.4 -1.7
CGDG Capital Group Dividend Growers ETF 0.4 47 43 6.3 -1.8
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 51 8.7 +0.6
INTF iShares International Equity Factor ETF 0.4 15 75 7.8 -0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 10 11.9 +3.8
JHDV John Hancock U.S. High Dividend ETF 0.3 34 56 7.0 -1.1
SHPP Pacer Industrials and Logistics ETF 0.3 60 30 8.4 +0.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 10 10.2 +2.1
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 30 11.0 +3.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 4 14.1 +6.0
SNSR Global X Internet of Things ETF 0.2 68 22 4.8 -3.3
NATO Themes Transatlantic Defense ETF 0.2 35 55 2.7 -5.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 41 7.3 -0.8
GNR SPDR S&P Global Natural Resources ETF 0.2 40 50 11.8 +3.7
GINN Goldman Sachs Innovate Equity ETF 0.2 52 38 4.2 -3.9
VPL Vanguard FTSE Pacific ETF 0.2 8 82 7.4 -0.7
DFGR Dimensional Global Real Estate ETF 0.1 22 68 7.4 -0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 70 7.2 -0.9
AVRE Avantis Real Estate ETF 0.1 17 73 7.1 -1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 66 7.6 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 45 9.0 +0.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 51 6.1 -2.0
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 7.5 -0.6
SCHF Schwab International Equity ETF 0.1 6 84 7.5 -0.6
REET iShares Global REIT ETF 0.1 14 76 7.5 -0.6
VEA Vanguard FTSE Developed Markets ETF 0.1 5 85 7.4 -0.7
IGRO iShares International Dividend Growth ETF 0.0 15 75 7.1 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 51 7.2 -0.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 81 8.1 -0.0
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 75 6.1 -2.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 81 5.0 -3.1
BKIE BNY Mellon International Equity ETF 0.0 4 86 7.1 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 70 7.0 -1.1
SCHC Schwab International Small-Cap Equity ETF 0.0 11 79 6.9 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 51 8.4 +0.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.0 47 43 2.9 -5.2

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 1.2 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.