Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.8x P/Sales
ratio		 2.4x
P/BV
ratio		 3.2x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco DWA Developed Markets Technical Leaders Portfolio seeks investment results that correspond to the price and yield of the Dorsey Wright Developed Markets Technical Leaders Index.

FUND BASICS
Category International Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 28, 2007
Assets (mns) $201
Currency USD
Expense ratio 80 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 98
Wgt avg mkt cap (mns) $33,912
Large cap (>$10bn) 64.8%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 0.5%
Developed mkts 96.6%
Emerging mkts 3.4%

TOP TEN HOLDINGS
CONSTELLATION SOFTWARE INC 3.0 %
RHEINMETALL AG 2.7 %
GAMES WORKSHOP GROUP PLC 2.5 %
INTERCONTINENTAL HOTELS GROUP PLC 2.4 %
TECHNOLOGY ONE LTD 2.4 %
BELIMO HOLDING AG 2.3 %
REA GROUP LTD 2.2 %
DESCARTES SYSTEMS GRP/THE 2.2 %
FLUGHAFEN ZURICH AG 2.1 %
HALMA PLC 2.0 %
Total 23.8 %

TOP COUNTRY EXPOSURE
CANADA 15.3 %
BRITAIN 15.3 %
SWITZERLAND 11.1 %
JAPAN 10.0 %
AUSTRALIA 7.2 %
GERMANY 7.1 %
SINGAPORE 5.2 %
ITALY 5.0 %
ISRAEL 2.8 %
SOUTH KOREA 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% 17.4% 9.4% 5.8% 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.05 87%
MSCI EAFE 1.06 91%
MSCI Emg. Mkts. 0.84 58%

Technical Indicators
Recent close $38.47
30d moving avg. $39.34
Annualized volatility 19.2%
Short interest (ETF) 1.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 30
Turnover 0.6%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 414 potential alternatives to the Invesco Dorsey Wright Developed Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIZ Expense: 80 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PIZ
Ticker Fund
Name		 Overlap1
vs PIZ
(%)		 Expense
ratio
(bp)		 Savings
vs PIZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PIZ
(%)
IMTM iShares MSCI Intl Momentum Factor ETF 24.2 30 50 5.6 +0.7
IDMO Invesco S&P International Developed Momentum ETF 22.7 25 55 5.7 +0.8
FDEV Fidelity International Multifactor ETF 17.4 18 62 7.7 +2.8
INTF iShares International Equity Factor ETF 16.6 15 65 8.1 +3.2
EFG iShares MSCI EAFE Growth ETF 16.4 36 44 4.5 -0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.1 12 68 6.2 +1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 16.1 80 0 10.0 +5.1
STXI Strive International Developed Markets ETF 16.1 29 51 5.9 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.0 25 55 7.5 +2.6
IQLT iShares MSCI Intl Quality Factor ETF 15.9 30 50 6.3 +1.4
TPIF Timothy Plan International ETF 14.8 62 18 6.5 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.7 32 48 6.1 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 14.7 34 46 6.2 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 14.4 25 55 6.3 +1.4
TTAI FCF International Quality ETF 14.1 59 21 6.9 +2.0
CIL VictoryShares International Volatility Wtd ETF 14.1 45 35 7.0 +2.0
BKIE BNY Mellon International Equity ETF 14.0 4 76 7.3 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.9 20 60 6.6 +1.7
IMOM Alpha Architect International Quantitative Momentum ETF 13.8 49 31 4.8 -0.2
FENI Fidelity Enhanced International ETF 13.7 28 52 7.0 +2.1
EFA iShares MSCI EAFE ETF 13.7 35 45 7.0 +2.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 13.7 35 45 5.9 +0.9
IDHQ Invesco S&P International Developed High Quality ETF 13.5 29 51 6.7 +1.7
UIVM VictoryShares International Value Momentum ETF 13.4 35 45 9.5 +4.5
IDEV iShares Core MSCI International Developed Markets ETF 13.4 4 76 7.4 +2.4
DFSI Dimensional International Sustainability Core 1 ETF 13.3 24 56 6.6 +1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.3 36 44 6.9 +2.0
HFXI IQ FTSE International Equity Currency Neutral ETF 13.3 20 60 7.4 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 13.2 20 60 7.1 +2.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 13.2 30 50 7.3 +2.4
IEV iShares Europe ETF 13.0 67 13 6.9 +2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 12.9 12 68 5.8 +0.8
ESGD iShares ESG Aware MSCI EAFE ETF 12.9 20 60 7.1 +2.2
DIHP Dimensional International High Profitability ETF 12.9 29 51 7.4 +2.5
VEA Vanguard FTSE Developed Markets ETF 12.7 5 75 7.6 +2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.7 25 55 7.2 +2.3
AVSD Avantis Responsible International Equity ETF 12.6 23 57 6.8 +1.9
SCHF Schwab International Equity ETF 12.6 6 74 7.7 +2.8
DFAI Dimensional International Core Equity Market ETF 12.6 18 62 7.6 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.6 39 41 7.0 +2.0
IEFA iShares Core MSCI EAFE ETF 12.6 7 73 7.4 +2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.6 46 34 6.8 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 12.5 3 77 7.5 +2.6
IQSI IQ Candriam International Equity ETF 12.4 15 65 6.7 +1.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.3 29 51 8.2 +3.3
IEUR iShares Core MSCI Europe ETF 12.3 11 69 7.4 +2.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 12.2 20 60 6.7 +1.8
BBEU JPMorgan BetaBuilders Europe ETF 12.2 9 71 7.2 +2.3
FEP First Trust Europe AlphaDEX Fund 12.2 80 0 9.3 +4.4
VGK Vanguard FTSE Europe ETF 12.2 11 69 7.5 +2.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.1 80 0 5.7 +0.8
SPEU SPDR Portfolio Europe ETF 12.1 7 73 7.5 +2.5
EUFN iShares MSCI Europe Financials ETF 12.0 51 29 8.5 +3.6
FICS First Trust International Developed Capital Strength ETF 11.9 70 10 5.7 +0.8
DWMF WisdomTree International Multifactor Fund 11.5 38 42 6.9 +2.0
JIRE JPMorgan International Research Enhanced Equity ETF 11.5 24 56 7.4 +2.5
DOL WisdomTree International LargeCap Dividend Fund 11.4 48 32 7.5 +2.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 11.4 22 58 5.8 +0.9
FLEE Franklin FTSE Europe ETF 11.4 9 71 7.0 +2.1
EZU iShares MSCI Eurozone ETF 11.3 52 28 6.8 +1.9
CGIE Capital Group International Equity ETF 11.0 54 26 5.1 +0.2
JHMD John Hancock Multifactor Developed International ETF 11.0 39 41 7.8 +2.9
ACWX iShares MSCI ACWI ex U.S. ETF 10.9 34 46 8.1 +3.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 10.9 45 35 6.6 +1.7
QINT American Century Quality Diversified International ETF 10.9 39 41 7.6 +2.7
CWI SPDR MSCI ACWI ex-US ETF 10.9 30 50 8.2 +3.3
JIG JPMorgan International Growth ETF 10.6 55 25 4.8 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.6 45 35 9.3 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.6 41 39 7.1 +2.2
DWM WisdomTree International Equity Fund 10.5 48 32 7.7 +2.8
DIVI Franklin International Core Dividend Tilt Index ETF 10.4 9 71 8.2 +3.3
EWC iShares MSCI Canada ETF 10.4 50 30 6.6 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.4 18 62 8.1 +3.2
VIGI Vanguard International Dividend Appreciation ETF 10.3 15 65 6.2 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.2 40 40 7.5 +2.6
AVDE Avantis International Equity ETF 10.1 23 57 8.0 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 10.0 8 72 8.5 +3.6
DFIC Dimensional International Core Equity 2 ETF 9.9 23 57 7.9 +3.0
IXUS iShares Core MSCI Total International Stock ETF 9.8 7 73 8.3 +3.4
AVIV Avantis International Large Cap Value ETF 9.8 25 55 9.3 +4.4
FEUZ First Trust Eurozone AlphaDEX ETF 9.7 80 0 9.2 +4.3
BBCA JPMorgan BetaBuilders Canada ETF 9.7 19 61 6.9 +1.9
VXUS Vanguard Total International Stock ETF 9.6 7 73 8.3 +3.4
VSGX Vanguard ESG International Stock ETF 9.3 12 68 8.2 +3.2
IXG iShares Global Financials ETF 9.3 42 38 7.2 +2.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 9.2 24 56 6.4 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.0 39 41 8.3 +3.4
EUDV ProShares MSCI Europe Dividend Growers ETF 8.8 55 25 6.9 +2.0
VYMI Vanguard International High Dividend Yield ETF 8.7 22 58 10.0 +5.1
JPIN J.P. Morgan Diversified Return International Equity ETF 8.6 37 43 8.9 +4.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.6 65 15 4.1 -0.8
UMMA Wahed Dow Jones Islamic World ETF 8.4 65 15 5.3 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 8.3 42 38 7.2 +2.3
FLCA Franklin FTSE Canada ETF 8.3 9 71 7.0 +2.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.3 58 22 7.1 +2.1
HEDJ WisdomTree Europe Hedged Equity Fund 8.2 58 22 6.6 +1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.1 80 0 9.7 +4.8
EXI iShares Global Industrials ETF 8.1 42 38 4.9 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 8.1 31 49 6.6 +1.7
IPAC iShares Core MSCI Pacific ETF 8.0 9 71 7.1 +2.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.9 50 30 5.8 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.9 14 66 6.0 +1.1
FKU First Trust United Kingdom AlphaDEX Fund 7.8 80 0 7.9 +3.0
FSZ First Trust Switzerland AlphaDEX Fund 7.8 80 0 5.0 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 7.8 25 55 10.1 +5.2
WWJD Inspire International ETF 7.7 80 0 7.6 +2.6
IGRO iShares International Dividend Growth ETF 7.6 15 65 7.3 +2.4
VPL Vanguard FTSE Pacific ETF 7.5 8 72 7.7 +2.7
DAX Global X DAX Germany ETF 7.4 21 59 6.8 +1.9
EWG iShares MSCI Germany ETF 7.4 50 30 6.5 +1.6
FEZ SPDR EURO STOXX 50 ETF 7.4 29 51 7.2 +2.2
RODE Hartford Multifactor Diversified International ETF 7.4 29 51 9.9 +5.0
DTAN Sparkline International Intangible Value ETF 7.2 55 25 7.2 +2.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 7.1 48 32 5.9 +1.0
EFV iShares MSCI EAFE Value ETF 6.9 34 46 9.4 +4.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.8 30 50 8.6 +3.7
CZAR Themes Natural Monopoly ETF 6.7 35 45 2.8 -2.1
DIM WisdomTree International MidCap Dividend Fund 6.6 58 22 7.7 +2.8
EWUS iShares MSCI United Kingdom Small Cap ETF 6.6 59 21 7.4 +2.5
FJP First Trust Japan AlphaDEX Fund 6.5 80 0 10.3 +5.4
NATO Themes Transatlantic Defense ETF 6.5 35 45 3.2 -1.7
JPXN iShares JPX-Nikkei 400 ETF 6.4 48 32 7.5 +2.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.4 58 22 6.5 +1.6
FLGB Franklin FTSE United Kingdom ETF 6.3 9 71 8.0 +3.1
FLJH Franklin FTSE Japan Hedged ETF 6.0 9 71 6.7 +1.8
FLJP Franklin FTSE Japan ETF 6.0 9 71 7.0 +2.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.9 25 55 7.4 +2.5
EWU iShares MSCI United Kingdom ETF 5.9 50 30 8.6 +3.6
EWS iShares MSCI Singapore ETF 5.8 50 30 5.2 +0.2
FGM First Trust Germany AlphaDEX Fund 5.8 80 0 9.0 +4.1
WLDR Affinity World Leaders Equity ETF 5.7 67 13 8.3 +3.4
EWJ iShares MSCI Japan ETF 5.7 50 30 7.1 +2.2
FLGR Franklin FTSE Germany ETF 5.7 9 71 6.8 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.7 47 33 9.0 +4.0
BBJP JPMorgan BetaBuilders Japan ETF 5.7 19 61 7.6 +2.6
FIDI Fidelity International High Dividend ETF 5.7 18 62 9.0 +4.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 5.7 47 33 7.1 +2.2
RFEU First Trust Riverfront Dynamic Europe ETF 5.6 83 -3 10.0 +5.1
RFDI First Trust Riverfront Dynamic Developed International ETF 5.6 83 -3 10.0 +5.1
IVLU iShares MSCI Intl Value Factor ETF 5.5 30 50 11.1 +6.2
EPP iShares MSCI Pacific ex-Japan ETF 5.4 47 33 5.7 +0.8
CGXU Capital Group International Focus Equity ETF 5.3 54 26 5.9 +0.9
IQDF FlexShares International Quality Dividend Index Fund 5.3 47 33 9.5 +4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.3 42 38 6.8 +1.9
VWID Virtus WMC International Dividend ETF 5.3 49 31 8.8 +3.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.3 25 55 6.0 +1.1
ESGG FlexShares STOXX Global ESG Select Index Fund 5.3 42 38 5.4 +0.5
MOTG VanEck Morningstar Global Wide Moat ETF 5.2 52 28 6.7 +1.8
DXJ WisdomTree Japan Hedged Equity Fund 5.1 48 32 8.4 +3.5
FLSW Franklin FTSE Switzerland ETF 5.1 9 71 6.2 +1.2
FIVA Fidelity International Value Factor ETF 5.1 18 62 10.5 +5.6
IPKW Invesco International BuyBack Achievers ETF 5.0 55 25 15.3 +10.4
FPXI First Trust International Equity Opportunities ETF 5.0 70 10 3.9 -1.1
EWI iShares MSCI Italy ETF 5.0 50 30 10.0 +5.1
CGDG Capital Group Dividend Growers ETF 5.0 47 33 6.3 +1.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.9 19 61 6.3 +1.4
DTH WisdomTree International High Dividend Fund 4.9 58 22 9.1 +4.1
GLOF iShares Global Equity Factor ETF 4.8 20 60 6.8 +1.9
KLMT Invesco MSCI Global Climate 500 ETF 4.8 10 70 6.1 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 4.8 30 50 5.9 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.8 9 71 9.2 +4.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.8 12 68 5.1 +0.2
KNO AXS Knowledge Leaders ETF 4.7 78 2 6.1 +1.2
DFIV Dimensional International Value ETF 4.7 27 53 10.4 +5.5
VIDI Vident International Equity Strategy ETF 4.6 61 19 12.0 +7.1
EWL iShares MSCI Switzerland ETF 4.6 50 30 5.9 +1.0
INEQ Columbia International Equity Income ETF 4.6 45 35 8.7 +3.8
OAIM OneAscent International Equity ETF 4.6 95 -15 6.2 +1.2
MOTI VanEck Morningstar International Moat ETF 4.6 58 22 12.8 +7.9
IEUS iShares MSCI Europe Small-Cap ETF 4.4 42 38 7.2 +2.2
KOCG FIS Knights of Columbus Global Belief ETF 4.4 75 5 5.4 +0.4
URTH iShares MSCI World ETF 4.4 24 56 5.5 +0.6
PIO Invesco Global Water ETF 4.4 75 5 4.9 +0.0
CGGO Capital Group Global Growth Equity ETF 4.4 47 33 5.0 +0.1
PPIE Putnam PanAgora ESG International Equity ETF 4.3 49 31 7.8 +2.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.3 45 35 0.0 -4.9
AIVI WisdomTree International AI Enhanced Value Fund 4.2 58 22 7.5 +2.6
SCHC Schwab International Small-Cap Equity ETF 4.1 11 69 7.1 +2.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.0 65 15 8.6 +3.6
RAYD Rayliant Quantitative Developed Market Equity ETF 4.0 80 0 4.7 -0.2
BLES Inspire Global Hope ETF 4.0 61 19 6.8 +1.9
AZTD Aztlan Global Stock Selection DM SMID ETF 4.0 75 5 8.4 +3.5
JHID John Hancock International High Dividend ETF 4.0 46 34 10.3 +5.4
ACWI iShares MSCI ACWI ETF 3.9 32 48 6.0 +1.1
TOK iShares MSCI Kokusai ETF 3.9 26 54 5.2 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 3.9 9 71 5.5 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.9 20 60 6.0 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.8 9 71 6.1 +1.2
ISCF iShares International SmallCap Equity Factor ETF 3.7 23 57 8.6 +3.7
RGEF Rockefeller Global Equity ETF 3.7 55 25 5.2 +0.3
SHLD Global X Defense Tech ETF 3.7 50 30 3.8 -1.1
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -9 4.5 -0.4
VT Vanguard Total World Stock ETF 3.6 7 73 6.3 +1.4
DEW WisdomTree Global High Dividend Fund 3.5 58 22 7.7 +2.8
OSEA Harbor International Compounders ETF 3.5 55 25 4.7 -0.2
PATN Pacer Nasdaq International Patent Leaders ETF 3.4 65 15 4.0 -0.9
IQM Franklin Intelligent Machines ETF 3.2 50 30 2.6 -2.3
RXI iShares Global Consumer Discretionary ETF 3.2 41 39 9.2 +4.3
LVHI Franklin International Low Volatility High Dividend Index ET 3.2 40 40 11.0 +6.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.2 85 -5 3.9 -1.0
BCDF Horizon Kinetics Blockchain Development ETF 3.2 85 -5 4.5 -0.5
EWA iShares MSCI Australia ETF 3.1 50 30 6.1 +1.2
DFIS Dimensional International Small Cap ETF 3.1 39 41 7.9 +2.9
XT iShares Exponential Technologies ETF 3.1 46 34 5.5 +0.6
FNDC Schwab Fundamental International Small Co. Index ETF 3.1 39 41 6.3 +1.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.1 58 22 9.0 +4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.0 7 73 7.0 +2.1
SCZ iShares MSCI EAFE Small-Cap ETF 3.0 40 40 7.4 +2.5
AVDV Avantis International Small Cap Value ETF 3.0 36 44 10.9 +6.0
ISRA VanEck Israel ETF 3.0 59 21 7.8 +2.9
FLAU Franklin FTSE Australia ETF 2.9 9 71 6.4 +1.4
SAGP Strategas Global Policy Opportunities ETF 2.8 65 15 5.3 +0.3
DGT SPDR Global Dow ETF 2.8 50 30 7.5 +2.6
JGLO JPMorgan Global Select Equity ETF 2.8 33 47 5.1 +0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 79 1 7.7 +2.8
FAN First Trust Global Wind Energy ETF 2.6 60 20 5.3 +0.3
BOTT Themes Robotics & Automation ETF 2.6 35 45 4.5 -0.5
IDV iShares International Select Dividend ETF 2.5 51 29 11.6 +6.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.5 58 22 5.5 +0.6
EWD iShares MSCI Sweden ETF 2.5 54 26 5.6 +0.6
TEMP JPMorgan Climate Change Solutions ETF 2.4 49 31 5.9 +0.9
BKCI BNY Mellon Concentrated International ETF 2.4 80 0 4.9 +0.0
GVAL Cambria Global Value ETF 2.4 68 12 11.3 +6.4
FINE Themes European Luxury ETF 2.4 35 45 0.5 -4.5
EIS iShares MSCI Israel ETF 2.3 58 22 8.6 +3.6
SCHY Schwab International Dividend Equity ETF 2.3 14 66 9.8 +4.9
PSP Invesco Global Listed Private Equity ETF 2.2 106 -26 5.7 +0.8
ISHP First Trust Nasdaq Retail ETF 2.2 60 20 5.5 +0.6
PTEC Global X PropTech ETF 2.2 50 30 2.5 -2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.2 49 31 7.3 +2.4
AMID Argent Mid Cap ETF Argent Mid Cap ETF 2.2 52 28 6.9 +1.9
GLBL Pacer MSCI World Industry Advantage ETF 2.1 65 15 5.0 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 20 9.1 +4.1
FDTX Fidelity Disruptive Technology ETF 2.1 50 30 3.0 -1.9
IXN iShares Global Tech ETF 2.0 41 39 4.5 -0.4
EWQ iShares MSCI France ETF 2.0 53 27 7.0 +2.1
IGF iShares Global Infrastructure ETF 2.0 41 39 4.9 -0.0
GII SPDR S&P Global Infrastructure ETF 2.0 40 40 4.9 -0.0
EWP iShares MSCI Spain ETF 2.0 50 30 7.8 +2.9
DTEC ALPS Disruptive Technologies ETF 2.0 50 30 4.0 -0.9
DWX SPDR S&P International Dividend ETF 2.0 45 35 6.6 +1.6
BUYZ Franklin Disruptive Commerce ETF 2.0 50 30 2.6 -2.4
OGIG ALPS O'Shares Global Internet Giants ETF 2.0 48 32 1.9 -3.0
WDIV SPDR S&P Global Dividend ETF 1.9 40 40 9.6 +4.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.9 56 24 12.6 +7.7
FDNI First Trust Dow Jones International Internet ETF 1.9 65 15 19.5 +14.5
AIQ Global X Artificial Intelligence & Technology ETF 1.9 68 12 4.7 -0.3
EWY iShares MSCI South Korea ETF 1.8 58 22 10.5 +5.6
WRND IQ Global Equity R&D Leaders ETF 1.8 18 62 7.9 +3.0
SCJ iShares MSCI Japan Small-Cap ETF 1.8 50 30 6.8 +1.9
EMM Global X Emerging Markets ex-China ETF 1.8 75 5 5.0 +0.1
FDD First Trust Stoxx European Select Dividend Index Fund 1.8 58 22 12.4 +7.5
EWN iShares MSCI Netherlands ETF 1.8 50 30 5.9 +0.9
SHPP Pacer Industrials and Logistics ETF 1.7 60 20 5.1 +0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 10 9.8 +4.9
FLKR Franklin FTSE South Korea ETF 1.7 9 71 11.2 +6.3
NORW Global X MSCI Norway ETF 1.6 50 30 10.2 +5.3
ENOR iShares MSCI Norway ETF 1.6 53 27 10.2 +5.3
FLAX Franklin FTSE Asia Ex Japan ETF 1.6 19 61 10.8 +5.9
JETS U.S. Global Jets ETF 1.6 60 20 4.2 -0.8
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.6 56 24 2.6 -2.3
ASEA Global X FTSE Southeast Asia ETF 1.5 65 15 6.9 +2.0
AIA iShares Asia 50 ETF 1.5 50 30 14.7 +9.8
DVYA iShares Asia/Pacific Dividend ETF 1.5 49 31 8.9 +4.0
IXJ iShares Global Healthcare ETF 1.5 42 38 6.6 +1.7
URA Global X Uranium ETF 1.5 69 11 3.5 -1.5
NETZ TCW Transform Systems ETF 1.4 75 5 3.4 -1.5
EIRL iShares MSCI Ireland ETF 1.4 50 30 8.5 +3.6
DSTX Distillate International Fundamental Stability & Value ETF 1.4 55 25 8.4 +3.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.4 68 12 2.7 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 60 5.9 +0.9
IOO iShares Global 100 ETF 1.3 41 39 5.4 +0.4
LUX Tema Luxury ETF 1.3 75 5 2.6 -2.3
PID Invesco International Dividend Achievers ETF 1.3 53 27 5.8 +0.8
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.3 49 31 8.7 +3.8
GINX SGI Enhanced Global Income ETF 1.3 98 -18 7.3 +2.4
GSIB Themes Global Systemically Important Banks ETF 1.3 35 45 12.4 +7.4
PBD Invesco Global Clean Energy ETF 1.3 75 5 0.4 -4.5
CRTC Xtrackers US National Critical Technologies ETF 1.3 35 45 5.3 +0.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.3 57 23 8.5 +3.6
CGW Invesco S&P Global Water Index ETF 1.3 57 23 4.8 -0.1
EWJV iShares MSCI Japan Value ETF 1.2 15 65 9.8 +4.8
GINN Goldman Sachs Innovate Equity ETF 1.2 52 28 4.4 -0.6
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 21 12.5 +7.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -15 13.1 +8.2
EFRA iShares Environmental Infrastructure and Industrials ETF 1.2 47 33 4.4 -0.6
XDAT Franklin Exponential Data ETF 1.2 50 30 2.1 -2.8
FDHT Fidelity Digital Health ETF 1.2 39 41 1.9 -3.0
IQRA IQ CBRE Real Assets ETF 1.1 65 15 2.7 -2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 25 4.5 -0.5
QTUM Defiance Quantum ETF 1.1 40 40 7.7 +2.8
DIVS SmartETFs Dividend Builder ETF 1.1 65 15 4.9 +0.0
KXI iShares Global Consumer Staples ETF 1.1 41 39 5.4 +0.5
AGQI First Trust Active Global Quality Income ETF 1.1 85 -5 6.6 +1.7
NXTG First Trust Indxx NextG ETF 1.1 70 10 5.8 +0.9
IBOT Vaneck Robotics ETF 1.0 47 33 4.6 -0.3
CLNR IQ Cleaner Transport ETF 1.0 45 35 7.3 +2.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.0 46 34 4.9 -0.0
DINT Davis Select International ETF 1.0 55 25 8.3 +3.4
ANEW ProShares MSCI Transformational Changes ETF 1.0 45 35 7.0 +2.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 5 3.5 -1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 70 7.5 +2.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 10 4.5 -0.4
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 33 5.8 +0.9
PCGG Polen Capital Global Growth ETF 0.9 85 -5 3.8 -1.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.9 61 19 1.4 -3.5
CLOD Themes Cloud Computing ETF 0.9 35 45 2.1 -2.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 51 6.2 +1.3
RSHO Tema American Reshoring ETF 0.9 75 5 5.5 +0.6
KLMN Invesco MSCI North America Climate ETF 0.9 9 71 5.3 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 0.8 50 30 12.2 +7.3
BOAT SonicShares Global Shipping ETF 0.8 69 11 31.6 +26.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 48 7.0 +2.1
BULD Pacer BlueStar Engineering the Future ETF 0.8 60 20 2.0 -2.9
DISV Dimensional International Small Cap Value ETF 0.8 42 38 9.7 +4.7
GREK Global X MSCI Greece ETF 0.8 57 23 11.7 +6.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.7 70 10 15.8 +10.9
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 31 10.6 +5.7
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 14 13.1 +8.2
EWK iShares MSCI Belgium ETF 0.7 50 30 4.6 -0.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 39 6.5 +1.6
AVES Avantis Emerging Markets Value ETF 0.7 36 44 12.2 +7.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.6 49 31 4.8 -0.1
TOLL Tema Monopolies and Oligopolies ETF 0.6 75 5 3.8 -1.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 22 8.4 +3.5
ITEQ BlueStar Israel Technology ETF 0.6 75 5 2.1 -2.9
CGUS Capital Group Core Equity ETF 0.6 33 47 4.6 -0.3
ICLN iShares Global Clean Energy ETF 0.6 41 39 6.4 +1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 36 11.0 +6.1
KNCT Invesco Next Gen Connectivity ETF 0.6 40 40 5.1 +0.1
CGGR Capital Group Growth ETF 0.6 39 41 3.7 -1.3
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 10.1 +5.2
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 8.8 +3.8
EFNL iShares MSCI Finland ETF 0.5 56 24 7.4 +2.5
AGNG Global X Aging Population ETF 0.5 50 30 4.2 -0.8
CANC Tema Oncology ETF 0.5 75 5 -2.0 -6.9
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.5 75 5 0.9 -4.1
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 21 1.1 -3.8
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 21 5.8 +0.9
HART IQ Healthy Hearts ETF 0.5 45 35 6.6 +1.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 2 9.6 +4.7
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -5 -2.8 -7.7
DFNL Davis Select Financial ETF 0.5 63 17 8.4 +3.4
FDFF Fidelity Disruptive Finance ETF 0.5 50 30 4.1 -0.8
BLOK Amplify Transformational Data Sharing ETF 0.5 75 5 0.4 -4.6
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 11.2 +6.3
UFO Procure Space ETF 0.5 75 5 -0.5 -5.4
IVES Wedbush ETFMG Global Cloud Technology ETF 0.5 68 12 9.3 +4.3
ARTY iShares Future AI & Tech ETF 0.5 47 33 4.1 -0.9
AIVC Amplify Bloomberg AI Value Chain ETF 0.5 59 21 8.6 +3.7
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 22 8.9 +4.0
GSFP Goldman Sachs Future Planet Equity ETF 0.5 75 5 4.8 -0.1
OCEN IQ Clean Oceans ETF 0.5 45 35 5.7 +0.8
ROBO ROBO Global Robotics & Automation Index ETF 0.5 95 -15 4.0 -1.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 5.9 +0.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 10 6.0 +1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 15 3.5 -1.5
SNSR Global X Internet of Things ETF 0.5 68 12 5.0 +0.1
IBAT iShares Energy Storage & Materials ETF 0.5 47 33 5.3 +0.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.5 65 15 -3.8 -8.7
VOLT Tema Electrification ETF 0.5 75 5 3.3 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 35 11.0 +6.1
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 21 6.2 +1.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 0 11.8 +6.8
AFK VanEck Africa Index ETF 0.4 98 -18 12.6 +7.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.4 25 55 8.0 +3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 39 9.4 +4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -8 10.3 +5.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 31 6.0 +1.1
IGPT Invesco AI and Next Gen Software ETF 0.3 60 20 4.9 -0.0
XCEM Columbia EM Core ex-China ETF 0.3 16 64 8.5 +3.6
AVEM Avantis Emerging Markets Equity ETF 0.3 33 47 9.7 +4.7
MXI iShares Global Materials ETF 0.3 41 39 8.0 +3.1
FTHF First Trust Emerging Markets Human Flourishing ETF 0.3 75 5 9.8 +4.9
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 12.4 +7.5
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 64 8.4 +3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 50 10.6 +5.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 65 10.8 +5.8
RVRB Reverb ETF 0.3 30 50 3.7 -1.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.3 36 44 8.1 +3.2
EEM iShares MSCI Emerging Markets ETF 0.3 69 11 10.7 +5.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 14 10.2 +5.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.7 +0.7
DFEV Dimensional Emerging Markets Value ETF 0.3 43 37 14.5 +9.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 31 10.7 +5.8
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 45 10.2 +5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 11.2 +6.3
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 48 5.5 +0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 42 9.9 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 11.8 +6.9
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 71 10.9 +6.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 45 21.6 +16.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 13.7 +8.8
GXC SPDR S&P China ETF 0.2 59 21 16.7 +11.8
FLCH Franklin FTSE China ETF 0.2 19 61 17.2 +12.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 31 10.5 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 47 10.6 +5.7
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 55 13.5 +8.6
IBUY Amplify Online Retail ETF 0.2 65 15 3.7 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 63 12.9 +7.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 50 9.3 +4.4
SCHE Schwab Emerging Markets Equity ETF 0.1 11 69 11.6 +6.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 48 9.6 +4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 4.3 -0.7
STXE Strive Emerging Markets Ex-China ETF 0.1 32 48 8.2 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 31 10.0 +5.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 72 10.9 +6.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 65 8.6 +3.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 30 11.6 +6.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 65 0.0 -4.9
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 55 10.7 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 10.9 +6.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 3.4 -1.6
GWX SPDR S&P International Small Cap ETF 0.0 40 40 6.7 +1.8

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 Developed 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 17.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.60
 
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.