Invesco Dorsey Wright Emerging Markets Momentum ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 12.6x P/Sales
ratio		 1.1x
P/BV
ratio		 1.8x Div.
yield		 3.3%


  • 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) $118
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 93
Wgt avg mkt cap (mns) $34,027
Large cap (>$10bn) 24.3%
Mid cap ($2-10bn) 42.0%
Small cap (<$2bn) 31.4%
Developed mkts 1.8%
Emerging mkts 98.2%

TOP TEN HOLDINGS
WINWAY TECHNOLOGY CO LTD 5.5 %
TOPCO SCIENTIFIC CO LTD 3.3 %
QL RESOURCES BHD 3.0 %
CHAROEN POKPHAND ENTERPRISE 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 3.0 %
CLICKS GROUP LTD 2.5 %
SHINY CHEMICAL INDUSTRIAL CO., LTD 2.4 %
GOLDSUN DEV & CONST 2.3 %
LIEN HWA INDUSTRIAL 2.1 %
KAORI HEAT TREATMENT CO., LTD. 2.0 %
Total 29.2 %

TOP COUNTRY EXPOSURE
TAIWAN 45.0 %
MALAYSIA 8.9 %
SOUTH AFRICA 8.7 %
CHINA 7.8 %
BRAZIL 7.5 %
TURKEY 4.4 %
THAILAND 4.1 %
MEXICO 2.2 %
HUNGARY 1.8 %
PHILIPPINES 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.3% 18.2% 4.4% 2.9% 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.75 49%
MSCI EAFE 0.84 63%
MSCI Emg. Mkts. 0.94 78%

Technical Indicators
Recent close $19.60
30d moving avg. $20.51
Annualized volatility 18.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.6%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $4,068

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 potential alternatives to the Invesco Dorsey Wright Emerging Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIE Expense: 90 bp ALTAR Score™: 6.1%


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 13.6 80 10 13.0 +6.9
FTHF First Trust Emerging Markets Human Flourishing ETF 13.6 75 15 8.9 +2.8
EWT iShares MSCI Taiwan ETF 13.5 58 32 5.7 -0.5
FLTW Franklin FTSE Taiwan ETF 13.0 19 71 5.9 -0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 11.1 29 61 5.5 -0.6
EYLD Cambria Emerging Shareholder Yield ETF 11.1 66 24 13.2 +7.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.0 24 66 9.2 +3.1
EMXF iShares ESG Advanced MSCI EM ETF 10.3 16 74 6.8 +0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 10.3 15 75 6.3 +0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.2 44 46 10.6 +4.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.9 29 61 8.7 +2.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.5 39 51 12.5 +6.3
EMXC iShares MSCI Emerging Markets ex China ETF 9.5 25 65 6.7 +0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 9.4 49 41 12.2 +6.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.3 88 2 7.4 +1.3
ECON Columbia Emerging Markets Consumer ETF 9.2 49 41 7.3 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 9.2 49 41 8.2 +2.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 9.2 18 72 6.8 +0.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.9 32 58 6.9 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 8.8 32 58 6.0 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 8.7 15 75 10.2 +4.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.7 33 57 8.2 +2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 8.6 58 32 10.2 +4.1
RNEM First Trust Emerging Markets Equity Select ETF 8.6 75 15 7.6 +1.4
XCEM Columbia EM Core ex-China ETF 8.5 16 74 7.7 +1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 8.3 30 60 7.3 +1.2
EEM iShares MSCI Emerging Markets ETF 8.2 69 21 6.9 +0.8
STXE Strive Emerging Markets Ex-China ETF 8.2 32 58 7.0 +0.9
SCHE Schwab Emerging Markets Equity ETF 8.2 11 79 7.1 +1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.2 30 60 8.1 +2.0
IEMG iShares Core MSCI Emerging Markets ETF 8.2 9 81 7.5 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 8.1 7 83 7.3 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 8.0 17 73 7.6 +1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 8.0 48 42 8.8 +2.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.0 45 45 12.3 +6.2
VWO Vanguard FTSE Emerging Markets ETF 7.9 8 82 6.9 +0.8
FLN First Trust Latin America AlphaDEX Fund 7.9 80 10 8.4 +2.3
ESGE iShares ESG Aware MSCI EM ETF 7.9 25 65 7.1 +1.0
BKEM BNY Mellon Emerging Markets Equity ETF 7.9 11 79 8.4 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.9 45 45 11.0 +4.8
DFAE Dimensional Emerging Core Equity Market ETF 7.8 35 55 7.3 +1.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.7 38 52 7.8 +1.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 7.7 15 75 7.2 +1.1
EMGF iShares Emerging Markets Equity Factor ETF 7.6 25 65 8.5 +2.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.6 50 40 13.0 +6.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.6 36 54 7.8 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 7.5 41 49 5.0 -1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 7.5 66 24 10.0 +3.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.5 20 70 6.8 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.4 32 58 6.2 +0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.4 59 31 11.3 +5.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.3 41 49 7.4 +1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.1 95 -5 10.5 +4.4
EEMA iShares MSCI Emerging Markets Asia ETF 7.0 49 41 6.5 +0.4
FDEM Fidelity Emerging Markets Multifactor ETF 6.9 25 65 12.3 +6.2
EQLT iShares MSCI Emerging Markets Quality Factor ETF 6.9 35 55 7.4 +1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.7 70 20 6.2 +0.0
GMF SPDR S&P Emerging Asia Pacific ETF 6.7 49 41 6.1 0.0
FLAX Franklin FTSE Asia Ex Japan ETF 6.6 19 71 6.9 +0.7
AVES Avantis Emerging Markets Value ETF 6.5 36 54 11.6 +5.5
DEM WisdomTree Emerging Markets High Dividend Fund 6.5 63 27 18.9 +12.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.4 40 50 8.3 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 6.4 36 54 6.5 +0.3
DFEV Dimensional Emerging Markets Value ETF 6.4 43 47 11.1 +4.9
EWM iShares MSCI Malaysia ETF 6.3 50 40 5.5 -0.6
DVYE iShares Emerging Markets Dividend ETF 6.2 49 41 18.8 +12.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 6.0 75 15 8.2 +2.1
AVEM Avantis Emerging Markets Equity ETF 5.8 33 57 8.9 +2.7
FBZ First Trust Brazil AlphaDEX Fund 5.8 80 10 13.3 +7.2
ROAM Hartford Multifactor Emerging Markets ETF 5.7 44 46 15.8 +9.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.6 80 10 12.3 +6.2
EZA iShares MSCI South Africa ETF 5.6 58 32 10.3 +4.2
FCA First Trust China AlphaDEX Fund 5.5 80 10 16.2 +10.0
AIA iShares Asia 50 ETF 5.5 50 40 6.6 +0.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.3 35 55 12.4 +6.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.3 70 20 9.2 +3.1
MEM Matthews Emerging Markets Equity Active ETF 5.3 79 11 5.4 -0.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.2 25 65 6.6 +0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.2 60 30 0.5 -5.7
MINV Matthews Asia Innovators Active ETF 4.9 79 11 3.0 -3.2
EWZ iShares MSCI Brazil ETF 4.8 58 32 10.4 +4.2
CGXU Capital Group International Focus Equity ETF 4.7 54 36 4.9 -1.3
VSGX Vanguard ESG International Stock ETF 4.6 12 78 6.8 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.5 34 56 7.0 +0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.4 75 15 2.9 -3.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.4 70 20 7.7 +1.6
TUR iShares MSCI Turkey ETF 4.4 58 32 19.7 +13.6
BIGFX Baron International Growth Retail 4.3 75 15 3.1 -3.0
IQDF FlexShares International Quality Dividend Index Fund 4.1 47 43 12.9 +6.8
EMC Global X Emerging Markets Great Consumer ETF 4.1 75 15 4.5 -1.6
IXUS iShares Core MSCI Total International Stock ETF 4.1 7 83 7.2 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 4.1 8 82 7.3 +1.1
EMM Global X Emerging Markets ex-China ETF 4.1 75 15 4.2 -1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.1 18 72 7.0 +0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.0 42 48 8.1 +1.9
FLLA Franklin FTSE Latin America ETF 4.0 19 71 13.2 +7.0
FLBR Franklin FTSE Brazil ETF 4.0 19 71 13.2 +7.1
CLNR IQ Cleaner Transport ETF 4.0 45 45 6.8 +0.7
NTZG Nuveen Global Net Zero Transition ETF 4.0 56 34 4.7 -1.4
VXUS Vanguard Total International Stock ETF 3.9 7 83 7.2 +1.1
JIG JPMorgan International Growth ETF 3.8 55 35 4.6 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.8 41 49 7.4 +1.3
IQDE FlexShares International Quality Dividend Defensive Index ET 3.6 47 43 14.8 +8.7
KNCT Invesco Next Gen Connectivity ETF 3.6 40 50 5.6 -0.6
ARTY iShares Future AI & Tech ETF 3.5 47 43 3.8 -2.3
THD iShares MSCI Thailand ETF 3.4 58 32 6.1 +0.0
VIDI Vident International Equity Strategy ETF 3.3 61 29 10.2 +4.1
IXN iShares Global Tech ETF 3.3 41 49 4.5 -1.6
AFK VanEck Africa Index ETF 3.2 98 -8 9.1 +2.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.1 49 41 16.1 +10.0
GBUY Goldman Sachs Future Consumer Equity ETF 3.0 75 15 3.3 -2.8
FBOT Fidelity Disruptive Automation ETF 3.0 50 40 3.6 -2.5
BDAIX Baron Durable Advantage 3.0 75 15 3.7 -2.4
BTECX Baron Technology 3.0 75 15 2.4 -3.8
AGQI First Trust Active Global Quality Income ETF 3.0 85 5 5.9 -0.3
IWTR iShares MSCI Water Management Multisector ETF 3.0 47 43 5.0 -1.1
CHAT Roundhill Generative AI & Technology ETF 3.0 75 15 3.8 -2.3
PATN Pacer Nasdaq International Patent Leaders ETF 3.0 65 25 6.5 +0.4
ASEA Global X FTSE Southeast Asia ETF 3.0 65 25 6.3 +0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.0 47 43 9.4 +3.2
FRDM Freedom 100 Emerging Markets ETF 2.9 49 41 7.3 +1.1
RODE Hartford Multifactor Diversified International ETF 2.8 29 61 11.8 +5.6
EDIV SPDR S&P Emerging Markets Dividend ETF 2.8 49 41 12.0 +5.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.8 60 30 13.4 +7.3
BRF VanEck Brazil Small-Cap ETF 2.8 66 24 9.7 +3.6
EWZS iShares MSCI Brazil Small-Cap ETF 2.8 59 31 10.9 +4.7
QTUM Defiance Quantum ETF 2.6 40 50 3.6 -2.5
WWJD Inspire International ETF 2.6 80 10 7.3 +1.2
CGV Conductor Global Equity Value ETF 2.5 130 -40 10.9 +4.8
FXI iShares China Large-Cap ETF 2.5 74 16 8.2 +2.1
BKF iShares MSCI BIC ETF 2.5 69 21 6.9 +0.8
DSTX Distillate International Fundamental Stability & Value ETF 2.3 55 35 8.0 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 2.3 20 70 6.3 +0.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 38 5.6 -0.5
FPXI First Trust International Equity Opportunities ETF 2.3 70 20 4.9 -1.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.3 59 31 5.8 -0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 2.3 65 25 8.2 +2.0
IVES Wedbush ETFMG Global Cloud Technology ETF 2.2 68 22 5.8 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.2 30 60 8.0 +1.8
VYMI Vanguard International High Dividend Yield ETF 2.0 22 68 9.8 +3.7
NXTG First Trust Indxx NextG ETF 1.9 70 20 6.2 +0.1
FLCH Franklin FTSE China ETF 1.9 19 71 8.8 +2.7
MCHI iShares MSCI China ETF 1.9 59 31 8.4 +2.2
XT iShares Exponential Technologies ETF 1.7 46 44 4.8 -1.4
FLMX Franklin FTSE Mexico ETF 1.7 19 71 16.2 +10.1
GXC SPDR S&P China ETF 1.7 59 31 8.3 +2.2
ILF iShares Latin America 40 ETF 1.7 48 42 10.4 +4.3
KLMT Invesco MSCI Global Climate 500 ETF 1.7 10 80 5.4 -0.7
JGLO JPMorgan Global Select Equity ETF 1.6 33 57 4.5 -1.7
EPHE iShares MSCI Philippines ETF 1.6 59 31 8.9 +2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 30 9.8 +3.7
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 35 9.7 +3.6
IBAT iShares Energy Storage & Materials ETF 1.6 47 43 3.1 -3.0
ACWI iShares MSCI ACWI ETF 1.5 32 58 5.3 -0.9
BIOPX Baron Opportunity Retail 1.5 75 15 1.0 -5.1
ECNS iShares MSCI China Small-Cap ETF 1.5 59 31 14.2 +8.0
BRAZ Global X Brazil Active ETF 1.5 75 15 10.1 +4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 7 83 6.7 +0.6
TTAI FCF International Quality ETF 1.4 59 31 5.6 -0.5
VT Vanguard Total World Stock ETF 1.4 7 83 5.5 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 70 5.2 -1.0
EWW iShares MSCI Mexico ETF 1.4 50 40 13.2 +7.0
CHIQ Global X MSCI China Consumer Discretionary ETF 1.4 65 25 5.9 -0.2
GLOF iShares Global Equity Factor ETF 1.3 20 70 7.0 +0.9
SCHY Schwab International Dividend Equity ETF 1.3 14 76 9.3 +3.2
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 60 6.9 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 41 5.6 -0.5
KALL KraneShares MSCI All China Index ETF 1.3 49 41 9.0 +2.9
BLES Inspire Global Hope ETF 1.3 61 29 6.4 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 78 4.8 -1.4
OCEN IQ Clean Oceans ETF 1.2 45 45 6.1 -0.1
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 1 4.9 -1.2
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 51 9.2 +3.1
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.2 68 22 8.2 +2.1
TMFG Motley Fool Global Opportunities ETF 1.2 85 5 3.2 -2.9
GDVD R3 Global Dividend Growth ETF 1.1 88 2 5.5 -0.6
MOTI VanEck Morningstar International Moat ETF 1.1 58 32 5.9 -0.2
BTEK Future Tech ETF 1.1 88 2 2.3 -3.9
WRND IQ Global Equity R&D Leaders ETF 1.1 18 72 7.5 +1.4
RING iShares MSCI Global Gold Miners ETF 1.1 39 51 5.6 -0.6
SLVP iShares MSCI Global Silver Miners ETF 1.1 39 51 3.2 -2.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 23 15.0 +8.9
ICLN iShares Global Clean Energy ETF 1.0 41 49 6.0 -0.2
SHPP Pacer Industrials and Logistics ETF 1.0 60 30 9.9 +3.7
BITQ Bitwise Crypto Industry Innovators ETF 1.0 85 5 -1.9 -8.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.0 86 4 1.6 -4.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.0 86 4 1.2 -4.9
IPO Renaissance IPO ETF 1.0 60 30 -4.3 -10.5
BPAY BlackRock Future Financial and Technology ETF 1.0 70 20 8.2 +2.1
FDFF Fidelity Disruptive Finance ETF 1.0 50 40 4.1 -2.0
EMFQ Amplify Emerging Markets FinTech ETF 1.0 69 21 5.3 -0.9
BFIIX Baron FinTech 1.0 75 15 3.4 -2.7
ARKF ARK Fintech Innovation ETF 1.0 75 15 -0.4 -6.5
PWB Invesco Large Cap Growth ETF 1.0 56 34 3.2 -2.9
IWP iShares Russell Mid-Cap Growth ETF 1.0 23 67 3.1 -3.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.0 68 22 2.1 -4.0
BLOK Amplify Transformational Data Sharing ETF 1.0 75 15 0.0 -6.1
BOUT Innovator IBD Breakout Opportunities ETF 1.0 81 9 3.6 -2.5
TIME Clockwise Core Equity & Innovation ETF 1.0 95 -5 2.3 -3.9
LOUP Innovator Deepwater Frontier Tech ETF 1.0 70 20 1.3 -4.9
SFYF SoFi Social 50 ETF 1.0 29 61 -2.2 -8.3
AOTG AOT Growth and Innovation ETF 1.0 75 15 3.1 -3.1
GSFP Goldman Sachs Future Planet Equity ETF 1.0 75 15 4.2 -1.9
ROBO ROBO Global Robotics & Automation Index ETF 1.0 95 -5 3.5 -2.7
PBD Invesco Global Clean Energy ETF 1.0 75 15 -5.3 -11.4
FXO First Trust Financials AlphaDEX Fund 0.9 62 28 7.4 +1.2
CQQQ Invesco China Technology ETF 0.9 70 20 -7.9 -14.0
SDIV Global X Superdividend ETF 0.9 58 32 14.9 +8.8
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 61 4.7 -1.4
FMET Fidelity Metaverse ETF 0.9 39 51 5.4 -0.7
DEW WisdomTree Global High Dividend Fund 0.9 58 32 8.5 +2.4
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 55 6.3 +0.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.8 45 45 3.1 -3.0
JETS U.S. Global Jets ETF 0.8 60 30 -13.3 -19.4
IYF iShares U.S. Financials ETF 0.8 40 50 5.4 -0.7
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 43 4.3 -1.8
ARKW ARK Next Generation Internet ETF 0.7 87 3 -0.7 -6.8
IDX VanEck Indonesia Index ETF 0.7 57 33 8.8 +2.6
EIDO iShares MSCI Indonesia ETF 0.7 59 31 7.5 +1.3
IXG iShares Global Financials ETF 0.7 42 48 6.2 +0.1
EPU iShares MSCI Peru and Global Exposure ETF 0.7 59 31 5.5 -0.6
IHAK iShares Cybersecurity & Tech ETF 0.7 47 43 3.2 -2.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 11 10.3 +4.1
JCHI JPMorgan Active China ETF 0.6 65 25 8.0 +1.8
QINT American Century Quality Diversified International ETF 0.6 39 51 7.7 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 43 5.5 -0.7
FILL iShares MSCI Global Energy Producers ETF 0.6 39 51 9.6 +3.5
INNO Harbor Disruptive Innovation ETF 0.6 75 15 1.6 -4.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 25 0.2 -5.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.6 45 45 -0.6 -6.7
CRAK VanEck Oil Refiners ETF 0.6 61 29 14.7 +8.6
IXC iShares Global Energy ETF 0.6 44 46 8.7 +2.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 45 5.7 -0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 44 9.3 +3.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 80 7.7 +1.5
GVAL Cambria Global Value ETF 0.5 68 22 13.1 +6.9
BDFIX Baron Discovery 0.5 75 15 0.2 -6.0
FFTY Innovator IBD 50 ETF 0.5 80 10 -0.6 -6.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 43 4.9 -1.2
RAYD Rayliant Quantitative Developed Market Equity ETF 0.4 80 10 3.8 -2.3
IWR iShares Russell Midcap ETF 0.4 19 71 5.4 -0.7
GINN Goldman Sachs Innovate Equity ETF 0.4 52 38 2.8 -3.4
IGRO iShares International Dividend Growth ETF 0.4 15 75 7.5 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 78 4.5 -1.6
LRGF iShares U.S. Equity Factor ETF 0.3 8 82 5.6 -0.5
JHDV John Hancock U.S. High Dividend ETF 0.3 34 56 6.2 +0.1
BUZZ VanEck Social Sentiment ETF 0.3 75 15 0.3 -5.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 81 5.4 -0.8
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 78 4.5 -1.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 51 4.1 -2.1
AIQ Global X Artificial Intelligence & Technology ETF 0.2 68 22 4.0 -2.1
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 77 2.1 -4.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 58 6.1 -0.1
IGPT Invesco AI and Next Gen Software ETF 0.2 60 30 3.8 -2.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 75 4.7 -1.4
IWF iShares Russell 1000 Growth ETF 0.2 19 71 4.5 -1.7
VONG Vanguard Russell 1000 Growth ETF 0.2 8 82 4.6 -1.6
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 75 6.4 +0.3
RVRB Reverb ETF 0.1 30 60 4.7 -1.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 81 4.8 -1.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 55 5.1 -1.0
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 72 4.6 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 51 12.8 +6.7
IWB iShares Russell 1000 ETF 0.1 15 75 4.8 -1.3
VONE Vanguard Russell 1000 ETF 0.1 8 82 4.9 -1.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 48 5.1 -1.0
IWV iShares Russell 3000 ETF 0.1 20 70 4.7 -1.5
VTHR Vanguard Russell 3000 ETF 0.1 10 80 4.7 -1.4
VYM Vanguard High Dividend Yield Index ETF 0.1 6 84 6.8 +0.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 58 4.8 -1.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 70 6.3 +0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 70 6.8 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 51 6.8 +0.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 76 5.0 -1.1
AVUS Avantis U.S. Equity ETF 0.0 15 75 5.6 -0.5
IUS Invesco RAFI Strategic US ETF 0.0 19 71 6.8 +0.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 65 6.8 +0.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 65 6.8 +0.6
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 73 6.9 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 60 4.7 -1.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 11.7 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 90 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.48
 
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.