Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 18.1x P/Sales
ratio		 2.3x
P/BV
ratio		 2.8x Div.
yield		 2.3%


  • 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) $355
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 97
Wgt avg mkt cap (mns) $43,261
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
RHEINMETALL AG 3.2 %
SAMSUNG TECHWIN CO LTD 3.0 %
FLUGHAFEN ZURICH AG 3.0 %
CONSTELLATION SOFTWARE INC 2.9 %
HALMA PLC 2.8 %
DOLLARAMA INC 2.8 %
MIZRAHI TEFAHOT BANK LTD 2.6 %
SINGAPORE EXCHANGE LTD 2.1 %
SCHINDLER HOLDING AG PREF 2.0 %
KONGSBERG GRUPPEN ASA 2.0 %
Total 26.3 %

TOP COUNTRY EXPOSURE
CANADA 13.5 %
SWITZERLAND 11.1 %
GERMANY 10.3 %
BRITAIN 8.9 %
JAPAN 8.7 %
SINGAPORE 5.7 %
SOUTH KOREA 5.7 %
ITALY 5.1 %
ISRAEL 4.8 %
FRANCE 4.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.5% 29.8% 12.2% 8.2% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 76%
MSCI EAFE 0.88 63%
MSCI Emg. Mkts. 0.71 43%

Technical Indicators
Recent close $45.45
30d moving avg. $44.54
Annualized volatility 18.2%
Short interest (ETF) 1.2%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 82
Turnover 1.1%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 417 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 28.3 30 50 5.4 +0.6
IDMO Invesco S&P International Developed Momentum ETF 25.6 25 55 5.4 +0.6
INTF iShares International Equity Factor ETF 18.9 15 65 7.8 +3.0
STXI Strive International Developed Markets ETF 18.2 29 51 7.0 +2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 17.3 80 0 10.0 +5.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 17.2 12 68 6.1 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.3 25 55 7.1 +2.3
FEP First Trust Europe AlphaDEX Fund 16.2 80 0 9.3 +4.5
EFG iShares MSCI EAFE Growth ETF 15.8 36 44 4.3 -0.5
TPIF Timothy Plan International ETF 15.6 62 18 6.2 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.5 20 60 6.5 +1.6
FDEV Fidelity International Multifactor ETF 15.3 18 62 7.4 +2.6
IEV iShares Europe ETF 15.2 67 13 6.9 +2.0
FEUZ First Trust Eurozone AlphaDEX ETF 15.2 80 0 9.1 +4.2
EFA iShares MSCI EAFE ETF 15.1 35 45 6.9 +2.0
IQLT iShares MSCI Intl Quality Factor ETF 14.7 30 50 6.2 +1.4
BKIE BNY Mellon International Equity ETF 14.6 4 76 7.1 +2.2
CIL VictoryShares International Volatility Wtd ETF 14.6 45 35 6.6 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 14.6 4 76 7.2 +2.3
VGK Vanguard FTSE Europe ETF 14.6 6 74 7.4 +2.5
IEUR iShares Core MSCI Europe ETF 14.5 11 69 7.3 +2.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.4 25 55 7.3 +2.4
SPEU SPDR Portfolio Europe ETF 14.3 7 73 7.3 +2.5
IMFL Invesco International Developed Dynamic Multifactor ETF 14.3 34 46 6.0 +1.1
ESGD iShares ESG Aware MSCI EAFE ETF 14.2 20 60 6.9 +2.0
VEA Vanguard FTSE Developed Markets ETF 14.1 3 77 7.3 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 14.1 20 60 7.2 +2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.1 46 34 7.0 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 14.1 9 71 7.2 +2.3
SCHF Schwab International Equity ETF 14.0 6 74 7.4 +2.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.0 32 48 5.9 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 13.9 3 77 7.2 +2.3
GSID Goldman Sachs MarketBeta International Equity ETF 13.9 20 60 7.0 +2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.9 36 44 6.9 +2.1
EZU iShares MSCI Eurozone ETF 13.9 52 28 6.7 +1.8
IEFA iShares Core MSCI EAFE ETF 13.8 7 73 7.2 +2.3
FENI Fidelity Enhanced International ETF 13.5 28 52 6.7 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.4 39 41 6.7 +1.9
DFAI Dimensional International Core Equity Market ETF 13.2 18 62 7.3 +2.4
IMOM Alpha Architect International Quantitative Momentum ETF 13.1 49 31 3.2 -1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.9 45 35 7.2 +2.3
FICS First Trust International Developed Capital Strength ETF 12.8 70 10 6.2 +1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 12.8 35 45 6.7 +1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.7 30 50 7.0 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 12.6 29 51 6.6 +1.7
UIVM VictoryShares International Value Momentum ETF 12.5 35 45 9.0 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 12.5 24 56 6.4 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.4 29 51 7.9 +3.1
FLEE Franklin FTSE Europe ETF 12.4 9 71 7.3 +2.5
EUFN iShares MSCI Europe Financials ETF 12.4 51 29 8.4 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 12.3 34 46 7.8 +3.0
AVSD Avantis Responsible International Equity ETF 12.3 23 57 5.7 +0.8
DOL WisdomTree International LargeCap Dividend Fund 12.2 48 32 7.4 +2.5
CWI SPDR MSCI ACWI ex-US ETF 12.2 30 50 7.7 +2.9
DMXF iShares ESG Advanced MSCI EAFE ETF 12.1 12 68 5.5 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 12.1 20 60 6.6 +1.8
IQSI IQ Candriam International Equity ETF 12.0 15 65 6.6 +1.8
JHMD John Hancock Multifactor Developed International ETF 11.9 39 41 7.6 +2.8
DIVI Franklin International Core Dividend Tilt Index ETF 11.7 9 71 8.1 +3.2
DWMF WisdomTree International Multifactor Fund 11.6 38 42 7.0 +2.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 11.5 22 58 5.7 +0.8
EWC iShares MSCI Canada ETF 11.5 50 30 6.4 +1.5
DWM WisdomTree International Equity Fund 11.4 48 32 7.5 +2.6
DIHP Dimensional International High Profitability ETF 11.4 29 51 7.2 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 11.3 4 76 8.2 +3.3
VIGI Vanguard International Dividend Appreciation ETF 11.3 10 70 6.1 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.2 45 35 8.9 +4.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.2 40 40 7.6 +2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.2 41 39 7.8 +2.9
QINT American Century Quality Diversified International ETF 11.1 39 41 7.4 +2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.1 18 62 7.6 +2.7
CGIE Capital Group International Equity ETF 11.1 54 26 5.0 +0.1
IXUS iShares Core MSCI Total International Stock ETF 11.1 7 73 8.0 +3.1
VXUS Vanguard Total International Stock ETF 11.0 5 75 8.0 +3.1
FEZ SPDR EURO STOXX 50 ETF 10.9 29 51 7.1 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.7 39 41 8.2 +3.3
IDLV Invesco S&P International Developed Low Volatility ETF 10.3 25 55 6.5 +1.6
DFIC Dimensional International Core Equity 2 ETF 10.3 23 57 7.6 +2.7
VSGX Vanguard ESG International Stock ETF 10.3 10 70 7.9 +3.0
TTAI FCF International Quality ETF 10.1 59 21 7.0 +2.1
BBCA JPMorgan BetaBuilders Canada ETF 9.9 19 61 6.6 +1.7
AVDE Avantis International Equity ETF 9.9 23 57 7.6 +2.7
IXG iShares Global Financials ETF 9.8 42 38 6.8 +1.9
AVIV Avantis International Large Cap Value ETF 9.8 25 55 8.9 +4.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 9.5 24 56 7.5 +2.6
JIRE JPMorgan International Research Enhanced Equity ETF 9.4 24 56 7.1 +2.3
SHLD Global X Defense Tech ETF 9.4 50 30 3.5 -1.4
VYMI Vanguard International High Dividend Yield ETF 9.3 17 63 9.8 +4.9
EWG iShares MSCI Germany ETF 9.3 50 30 6.0 +1.2
DAX Global X DAX Germany ETF 9.3 21 59 6.4 +1.5
EXI iShares Global Industrials ETF 8.9 42 38 4.5 -0.3
FLCA Franklin FTSE Canada ETF 8.8 9 71 6.8 +1.9
HEDJ WisdomTree Europe Hedged Equity Fund 8.7 58 22 6.8 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 8.6 25 55 9.6 +4.7
RODE Hartford Multifactor Diversified International ETF 8.6 29 51 12.7 +7.8
EUDV ProShares MSCI Europe Dividend Growers ETF 8.6 55 25 5.8 +1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 8.5 37 43 8.5 +3.7
EFV iShares MSCI EAFE Value ETF 8.5 34 46 9.3 +4.5
UMMA Wahed Dow Jones Islamic World ETF 8.4 65 15 5.1 +0.2
DTAN Sparkline International Intangible Value ETF 8.4 55 25 8.1 +3.3
FSZ First Trust Switzerland AlphaDEX Fund 8.2 80 0 5.2 +0.3
FGM First Trust Germany AlphaDEX Fund 8.1 80 0 6.2 +1.3
IGRO iShares International Dividend Growth ETF 7.9 15 65 7.2 +2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.9 14 66 6.3 +1.4
IPKW Invesco International BuyBack Achievers ETF 7.8 55 25 13.6 +8.8
DIM WisdomTree International MidCap Dividend Fund 7.7 58 22 7.6 +2.7
VIDI Vident International Equity Strategy ETF 7.7 61 19 11.4 +6.5
IVLU iShares MSCI Intl Value Factor ETF 7.6 30 50 10.7 +5.8
OEUR ALPS O'Shares Europe Quality Dividend ETF 7.6 48 32 5.9 +1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.6 80 0 9.7 +4.9
NATO Themes Transatlantic Defense ETF 7.5 35 45 2.4 -2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 7.4 31 49 6.3 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.3 50 30 5.8 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.3 30 50 8.1 +3.2
DXIV Dimensional International Vector Equity ETF 7.1 34 46 8.0 +3.1
FIDI Fidelity International High Dividend ETF 7.1 18 62 9.0 +4.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.1 58 22 6.7 +1.9
CZAR Themes Natural Monopoly ETF 7.0 35 45 5.4 +0.6
FIVA Fidelity International Value Factor ETF 7.0 18 62 10.2 +5.3
JIG JPMorgan International Growth ETF 6.9 55 25 4.7 -0.1
RFEU First Trust Riverfront Dynamic Europe ETF 6.8 83 -3 10.4 +5.5
DFIV Dimensional International Value ETF 6.7 27 53 10.0 +5.2
IQDF FlexShares International Quality Dividend Index Fund 6.6 47 33 9.3 +4.4
IQDG WisdomTree International Quality Dividend Growth Fund 6.6 42 38 7.0 +2.2
WWJD Inspire International ETF 6.6 80 0 7.2 +2.4
FLGR Franklin FTSE Germany ETF 6.6 9 71 6.7 +1.9
GLOF iShares Global Equity Factor ETF 6.6 20 60 6.7 +1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.6 58 22 7.1 +2.2
JHID John Hancock International High Dividend ETF 6.5 46 34 9.9 +5.0
FJP First Trust Japan AlphaDEX Fund 6.5 80 0 9.2 +4.3
RFDI First Trust Riverfront Dynamic Developed International ETF 6.4 83 -3 9.7 +4.9
IPAC iShares Core MSCI Pacific ETF 6.4 9 71 6.7 +1.9
VWID Virtus WMC International Dividend ETF 6.4 49 31 8.8 +4.0
DTH WisdomTree International High Dividend Fund 6.3 58 22 8.9 +4.0
VPL Vanguard FTSE Pacific ETF 6.3 7 73 7.1 +2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.1 47 33 8.5 +3.6
OAIM OneAscent International Equity ETF 5.8 95 -15 5.6 +0.8
EWS iShares MSCI Singapore ETF 5.7 50 30 5.3 +0.5
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 5.6 60 20 3.6 -1.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.6 9 71 9.2 +4.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.6 25 55 6.0 +1.1
ESGG FlexShares STOXX Global ESG Select Index Fund 5.6 42 38 5.4 +0.6
EWJ iShares MSCI Japan ETF 5.5 50 30 6.7 +1.8
JPXN iShares JPX-Nikkei 400 ETF 5.5 48 32 7.1 +2.2
DGT SPDR Global Dow ETF 5.4 50 30 7.2 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 5.4 10 70 5.9 +1.0
WLDR Affinity World Leaders Equity ETF 5.4 67 13 7.7 +2.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.4 80 0 5.5 +0.6
KNO AXS Knowledge Leaders ETF 5.3 78 2 6.0 +1.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 5.3 65 15 3.6 -1.2
EWL iShares MSCI Switzerland ETF 5.2 50 30 6.0 +1.2
FLSW Franklin FTSE Switzerland ETF 5.2 9 71 6.3 +1.4
SCHC Schwab International Small-Cap Equity ETF 5.2 11 69 6.8 +1.9
EWI iShares MSCI Italy ETF 5.1 50 30 10.1 +5.3
EWY iShares MSCI South Korea ETF 5.1 58 22 8.9 +4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.1 12 68 5.2 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 5.0 30 50 6.1 +1.2
URTH iShares MSCI World ETF 5.0 24 56 5.2 +0.4
FLJP Franklin FTSE Japan ETF 4.9 9 71 6.7 +1.8
FLJH Franklin FTSE Japan Hedged ETF 4.9 9 71 6.8 +1.9
FLGB Franklin FTSE United Kingdom ETF 4.8 9 71 8.0 +3.1
PATN Pacer Nasdaq International Patent Leaders ETF 4.8 65 15 6.3 +1.4
EWU iShares MSCI United Kingdom ETF 4.8 50 30 8.6 +3.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.8 25 55 7.4 +2.5
ISRA VanEck Israel ETF 4.8 59 21 6.9 +2.1
DEW WisdomTree Global High Dividend Fund 4.8 58 22 8.7 +3.8
RGEF Rockefeller Global Equity ETF 4.7 55 25 4.9 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 4.7 19 61 7.1 +2.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.7 47 33 7.0 +2.1
INEQ Columbia International Equity Income ETF 4.6 45 35 8.3 +3.4
ACWI iShares MSCI ACWI ETF 4.5 32 48 5.7 +0.8
CGDG Capital Group Dividend Growers ETF 4.5 47 33 6.2 +1.3
TOK iShares MSCI Kokusai ETF 4.5 26 54 5.2 +0.3
EWD iShares MSCI Sweden ETF 4.5 54 26 5.5 +0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.4 65 15 7.4 +2.5
FEOE First Eagle Overseas Equity ETF 4.4 79 1 8.2 +3.3
IEUS iShares MSCI Europe Small-Cap ETF 4.4 42 38 7.2 +2.4
CGXU Capital Group International Focus Equity ETF 4.3 54 26 5.7 +0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 4.3 9 71 5.3 +0.4
VT Vanguard Total World Stock ETF 4.1 6 74 6.0 +1.1
EWQ iShares MSCI France ETF 4.0 53 27 7.1 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.0 20 60 5.8 +0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.0 9 71 5.9 +1.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.0 58 22 9.0 +4.1
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 32 8.2 +3.4
LVHI Franklin International Low Volatility High Dividend Index ET 4.0 40 40 10.9 +6.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.0 42 38 6.6 +1.8
FLKR Franklin FTSE South Korea ETF 4.0 9 71 9.5 +4.7
RCGE RockCreek Global Equality ETF 4.0 95 -15 6.3 +1.4
EIS iShares MSCI Israel ETF 3.9 58 22 7.6 +2.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.9 70 10 4.7 -0.1
AIVI WisdomTree International AI Enhanced Value Fund 3.8 58 22 7.4 +2.5
JSTC Adasina Social Justice All Cap Global ETF 3.7 89 -9 4.8 -0.1
FEGE First Eagle Global Equity ETF 3.6 79 1 7.0 +2.1
EPP iShares MSCI Pacific ex-Japan ETF 3.6 47 33 5.4 +0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.5 8 72 6.8 +2.0
AZTD Aztlan Global Stock Selection DM SMID ETF 3.5 75 5 7.7 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 3.5 52 28 6.7 +1.8
BLES Inspire Global Hope ETF 3.5 61 19 6.8 +1.9
IOO iShares Global 100 ETF 3.4 41 39 5.0 +0.1
IDV iShares International Select Dividend ETF 3.4 51 29 11.1 +6.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.4 85 -5 4.0 -0.9
BCDF Horizon Kinetics Blockchain Development ETF 3.4 85 -5 3.9 -0.9
RW Rainwater Equity ETF 3.4 125 -45 2.7 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 3.3 65 15 4.2 -0.6
FNDC Schwab Fundamental International Small Co. Index ETF 3.3 39 41 5.9 +1.0
EWUS iShares MSCI United Kingdom Small Cap ETF 3.2 59 21 7.4 +2.5
PPIE Putnam PanAgora ESG International Equity ETF 3.2 49 31 7.4 +2.5
XT iShares Exponential Technologies ETF 3.2 46 34 4.8 -0.1
CGGO Capital Group Global Growth Equity ETF 3.2 47 33 4.7 -0.2
MOTI VanEck Morningstar International Moat ETF 3.2 58 22 11.0 +6.2
BOTT Themes Robotics & Automation ETF 3.2 35 45 4.7 -0.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.2 49 31 6.9 +2.1
FAN First Trust Global Wind Energy ETF 3.1 60 20 4.5 -0.4
RXI iShares Global Consumer Discretionary ETF 3.0 41 39 9.1 +4.2
RAYD Rayliant Quantitative Developed Market Equity ETF 3.0 80 0 4.5 -0.4
SAGP Strategas Global Policy Opportunities ETF 2.9 65 15 5.2 +0.4
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 0 7.4 +2.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.9 19 61 6.0 +1.1
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 25 8.1 +3.3
DFIS Dimensional International Small Cap ETF 2.9 39 41 7.4 +2.5
PIO Invesco Global Water ETF 2.8 75 5 4.7 -0.2
AVDV Avantis International Small Cap Value ETF 2.8 36 44 10.1 +5.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.8 45 35 4.5 -0.4
KOCG FIS Knights of Columbus Global Belief ETF 2.7 75 5 5.1 +0.2
JGLO JPMorgan Global Select Equity ETF 2.7 33 47 4.9 +0.1
ASEA Global X FTSE Southeast Asia ETF 2.6 65 15 7.1 +2.3
FYLD Cambria Foreign Shareholder Yield ETF 2.5 59 21 11.9 +7.1
SCZ iShares MSCI EAFE Small-Cap ETF 2.5 40 40 7.0 +2.1
IQM Franklin Intelligent Machines ETF 2.4 50 30 2.2 -2.7
WRND IQ Global Equity R&D Leaders ETF 2.4 18 62 8.4 +3.5
IGF iShares Global Infrastructure ETF 2.3 41 39 4.8 -0.1
FPXI First Trust International Equity Opportunities ETF 2.3 70 10 3.5 -1.4
ISCF iShares International SmallCap Equity Factor ETF 2.3 23 57 8.4 +3.5
GVAL Cambria Global Value ETF 2.3 68 12 11.0 +6.2
GII SPDR S&P Global Infrastructure ETF 2.3 40 40 4.7 -0.1
DWX SPDR S&P International Dividend ETF 2.3 45 35 6.2 +1.3
IXJ iShares Global Healthcare ETF 2.3 42 38 7.2 +2.3
PSP Invesco Global Listed Private Equity ETF 2.3 106 -26 6.1 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 2.2 29 51 6.5 +1.6
OBOR KraneShares MSCI One Belt One Road Index ETF 2.2 79 1 8.7 +3.9
FDD First Trust Stoxx European Select Dividend Index Fund 2.1 58 22 11.7 +6.9
OSEA Harbor International Compounders ETF 2.1 55 25 4.6 -0.3
GREK Global X MSCI Greece ETF 2.1 57 23 10.3 +5.5
EYLD Cambria Emerging Shareholder Yield ETF 2.0 66 14 12.3 +7.4
AIA iShares Asia 50 ETF 2.0 50 30 13.3 +8.5
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 20 8.1 +3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.0 70 10 9.3 +4.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 60 5.9 +1.1
WDIV SPDR S&P Global Dividend ETF 1.9 40 40 9.5 +4.6
FTHF First Trust Emerging Markets Human Flourishing ETF 1.8 75 5 8.4 +3.6
EFAS Global X MSCI SuperDividend EAFE ETF 1.8 57 23 8.4 +3.5
EWP iShares MSCI Spain ETF 1.8 50 30 7.3 +2.4
NETZ TCW Transform Systems ETF 1.8 75 5 2.6 -2.3
ETEC iShares Breakthrough Environmental Solutions ETF 1.8 47 33 3.5 -1.4
SCHY Schwab International Dividend Equity ETF 1.8 14 66 9.6 +4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -15 12.7 +7.9
PID Invesco International Dividend Achievers ETF 1.8 53 27 5.5 +0.7
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.8 49 31 9.3 +4.5
GINX SGI Enhanced Global Income ETF 1.8 98 -18 6.9 +2.0
GSIB Themes Global Systemically Important Banks ETF 1.8 35 45 9.7 +4.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 61 9.5 +4.6
IXN iShares Global Tech ETF 1.7 41 39 3.9 -1.0
ABLG Abacus FCF International Leaders ETF 1.6 59 21 6.3 +1.5
SHPP Pacer Industrials and Logistics ETF 1.6 60 20 8.4 +3.6
BKCI BNY Mellon Concentrated International ETF 1.6 80 0 5.0 +0.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.6 56 24 2.5 -2.3
URA Global X Uranium ETF 1.5 69 11 1.9 -3.0
BINV Brandes International ETF 1.5 70 10 9.6 +4.7
CRTC Xtrackers US National Critical Technologies ETF 1.5 35 45 4.9 -0.0
LUX Tema Luxury ETF 1.5 75 5 4.3 -0.6
FINE Themes European Luxury ETF 1.5 35 45 3.3 -1.5
EWJV iShares MSCI Japan Value ETF 1.5 15 65 9.4 +4.6
EIRL iShares MSCI Ireland ETF 1.4 50 30 8.7 +3.9
AVES Avantis Emerging Markets Value ETF 1.4 36 44 11.6 +6.7
DVYA iShares Asia/Pacific Dividend ETF 1.4 49 31 8.4 +3.5
JAPN Horizon Kinetics Japan Owner Operator ETF 1.4 85 -5 4.4 -0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 25 7.5 +2.7
EWA iShares MSCI Australia ETF 1.3 50 30 5.8 +0.9
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 3.7 -1.2
IDOG ALPS International Sector Dividend Dogs ETF 1.2 50 30 12.2 +7.3
IQRA IQ CBRE Real Assets ETF 1.2 65 15 5.8 +0.9
QTUM Defiance Quantum ETF 1.2 40 40 5.4 +0.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 39 6.8 +2.0
AGQI First Trust Active Global Quality Income ETF 1.2 85 -5 5.3 +0.4
CGGR Capital Group Growth ETF 1.2 39 41 3.3 -1.6
XDAT Franklin Exponential Data ETF 1.2 50 30 2.1 -2.8
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 31 5.7 +0.9
MXI iShares Global Materials ETF 1.1 41 39 7.8 +2.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 25 55 7.7 +2.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.1 46 34 5.6 +0.8
AIQ Global X Artificial Intelligence & Technology ETF 1.1 68 12 3.8 -1.1
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 22 8.4 +3.6
CGV Conductor Global Equity Value ETF 1.1 130 -50 8.7 +3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 47 10.1 +5.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 24 11.0 +6.2
AVDS Avantis International Small Cap Equity ETF 1.1 30 50 7.6 +2.7
CANC Tema Oncology ETF 1.0 75 5 -2.7 -7.6
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 1.0 75 5 1.2 -3.7
HART IQ Healthy Hearts ETF 1.0 45 35 6.6 +1.7
DISV Dimensional International Small Cap Value ETF 1.0 42 38 9.5 +4.6
SGDM Sprott Gold Miners ETF 1.0 50 30 4.0 -0.9
RING iShares MSCI Global Gold Miners ETF 1.0 39 41 5.6 +0.7
NANR SPDR S&P North American Natural Resources ETF 1.0 35 45 8.3 +3.4
FTWO Strive FAANG 2.0 ETF 1.0 49 31 4.5 -0.4
AUMI Themes Gold Miners ETF 1.0 35 45 5.7 +0.9
KLMN Invesco MSCI North America Climate ETF 1.0 9 71 5.1 +0.3
FDTX Fidelity Disruptive Technology ETF 1.0 50 30 2.6 -2.2
PCGG Polen Capital Global Growth ETF 1.0 85 -5 3.7 -1.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 32 1.6 -3.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 19 1.5 -3.4
CLOD Themes Cloud Computing ETF 1.0 35 45 3.0 -1.8
KXI iShares Global Consumer Staples ETF 0.9 41 39 5.5 +0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 31 6.2 +1.3
STXE Strive Emerging Markets Ex-China ETF 0.9 32 48 7.8 +2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 48 6.8 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.8 30 50 10.3 +5.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.8 58 22 8.1 +3.2
ITEQ BlueStar Israel Technology ETF 0.8 75 5 1.8 -3.1
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 55 11.9 +7.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 5 9.8 +4.9
EEM iShares MSCI Emerging Markets ETF 0.8 69 11 10.3 +5.4
SCJ iShares MSCI Japan Small-Cap ETF 0.8 50 30 6.7 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 35 10.5 +5.6
BOAT SonicShares Global Shipping ETF 0.8 69 11 31.6 +26.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 39 8.9 +4.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 31 10.1 +5.3
UFO Procure Space ETF 0.7 75 5 -1.8 -6.6
AVEM Avantis Emerging Markets Equity ETF 0.7 33 47 9.2 +4.3
EWK iShares MSCI Belgium ETF 0.7 50 30 4.5 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.7 49 31 6.1 +1.2
TOLL Tema Monopolies and Oligopolies ETF 0.7 75 5 3.9 -1.0
ICLN iShares Global Clean Energy ETF 0.7 41 39 5.8 +1.0
XCEM Columbia EM Core ex-China ETF 0.7 16 64 8.1 +3.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.7 53 27 7.7 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 0.7 9 71 10.5 +5.6
DTEC ALPS Disruptive Technologies ETF 0.7 50 30 3.8 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 66 14 10.0 +5.1
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 10.6 +5.8
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 45 9.4 +4.6
CLNR IQ Cleaner Transport ETF 0.6 45 35 6.6 +1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 22 4.7 -0.1
FLAU Franklin FTSE Australia ETF 0.6 9 71 6.2 +1.3
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 11.3 +6.4
EDEN iShares MSCI Denmark ETF 0.6 53 27 6.6 +1.8
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 8.4 +3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.6 36 44 9.9 +5.0
NXTG First Trust Indxx NextG ETF 0.6 70 10 5.3 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 65 10.4 +5.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.6 11 69 10.1 +5.3
EWO iShares MSCI Austria ETF 0.6 50 30 11.2 +6.4
COPY Tweedy, Browne Insider + Value ETF 0.6 80 0 11.7 +6.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 21 5.5 +0.7
BJK VanEck Gaming ETF 0.6 65 15 4.1 -0.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 47 8.6 +3.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 42 9.4 +4.6
SLVP iShares MSCI Global Silver Miners ETF 0.5 39 41 8.3 +3.4
DARP Grizzle Growth ETF 0.5 75 5 3.1 -1.8
JXI iShares Global Utilities ETF 0.5 43 37 5.9 +1.1
IVAL Alpha Architect International Quantitative Value ETF 0.5 49 31 10.6 +5.7
NORW Global X MSCI Norway ETF 0.5 50 30 10.0 +5.2
ENOR iShares MSCI Norway ETF 0.5 53 27 10.0 +5.2
JETS U.S. Global Jets ETF 0.5 60 20 2.8 -2.1
AGNG Global X Aging Population ETF 0.5 50 30 4.9 +0.0
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 21 -0.6 -5.5
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 21 5.8 +0.9
DIVS SmartETFs Dividend Builder ETF 0.5 65 15 4.9 +0.1
WDNA WisdomTree BioRevolution Fund 0.5 45 35 -1.3 -6.1
GCOW Pacer Global Cash Cows Dividend ETF 0.5 60 20 10.9 +6.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 36 10.9 +6.0
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 63 13.2 +8.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 41 13.6 +8.7
EWN iShares MSCI Netherlands ETF 0.5 50 30 5.4 +0.6
ARKX ARK Space Exploration & Innovation ETF 0.5 75 5 -0.2 -5.1
CIBR First Trust NASDAQ Cybersecurity ETF 0.5 60 20 3.8 -1.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 2 9.4 +4.5
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -5 -2.4 -7.3
DFNL Davis Select Financial ETF 0.5 63 17 7.5 +2.7
DINT Davis Select International ETF 0.5 55 25 8.0 +3.2
FDFF Fidelity Disruptive Finance ETF 0.5 50 30 4.0 -0.9
BLOK Amplify Transformational Data Sharing ETF 0.5 75 5 -0.0 -4.9
GOEX Global X Gold Explorers ETF 0.5 65 15 4.3 -0.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.5 33 47 8.6 +3.8
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 35 6.0 +1.2
DFEV Dimensional Emerging Markets Value ETF 0.5 43 37 13.3 +8.4
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 64 8.5 +3.6
KNCT Invesco Next Gen Connectivity ETF 0.4 40 40 4.9 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 31 10.4 +5.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 32 7.8 +2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -8 9.3 +4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 11.4 +6.6
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 55 10.1 +5.2
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 4.2 -0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 8.2 +3.3
IBOT Vaneck Robotics ETF 0.4 47 33 4.1 -0.8
EFNL iShares MSCI Finland ETF 0.4 56 24 7.1 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 21 11.7 +6.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 41 11.4 +6.5
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 48 6.0 +1.2
ECON Columbia Emerging Markets Consumer ETF 0.3 49 31 12.4 +7.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 48 9.3 +4.4
RVRB Reverb ETF 0.3 30 50 4.7 -0.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 12 2.4 -2.4
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 20 1.4 -3.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.8 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 50 9.9 +5.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 65 7.6 +2.8
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 4.3 -0.6
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 11.1 +6.3
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 73 10.6 +5.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 0 11.2 +6.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 45 19.3 +14.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 16.2 +11.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 10.6 +5.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.8 -1.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 2.9 -1.9
GWX SPDR S&P International Small Cap ETF 0.0 40 40 6.3 +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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 15.2 %
Divided by: Fwd. P/BV 2.7 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		 1.58 CATEGORY
AVERAGE		 1.62
 
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.