Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 15.8x P/Sales
ratio		 1.7x
P/BV
ratio		 2.7x Div.
yield		 2.6%


  • 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 PowerShares
Website www.powershares.com
Inception date Dec 28, 2007
Assets (mns) $124
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 96
Wgt avg mkt cap (mns) $67,826
Large cap (>$10bn) 81.1%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 0.2%
Developed mkts 99.3%
Emerging mkts 0.7%

TOP TEN HOLDINGS
CONSTELLATION SOFTWARE INC 3.0 %
INTERCONTINENTAL HOTELS GROUP PLC 2.8 %
NOVO NORDISK A/S-B 2.7 %
ASM INTERNATIONAL N.V. 2.6 %
ASML HOLDING NV 2.4 %
FLUGHAFEN ZURICH AG 2.4 %
REA GROUP LTD 2.3 %
DOLLARAMA INC 2.2 %
DIPLOMA PLC 2.2 %
FERROVIAL SE 2.2 %
Total 25.0 %

TOP COUNTRY EXPOSURE
JAPAN 12.7 %
CANADA 12.0 %
SWITZERLAND 11.4 %
BRITAIN 9.4 %
SWEDEN 8.2 %
NETHERLANDS 7.6 %
FRANCE 6.2 %
SOUTH KOREA 5.3 %
GERMANY 4.8 %
AUSTRALIA 4.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.8% 17.0% 7.5% 4.0% 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.14 86%
MSCI EAFE 1.16 83%
MSCI Emg. Mkts. 0.86 48%

Technical Indicators
Recent close $33.44
30d moving avg. $29.87
Annualized volatility 21.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.1%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $12,699

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 413 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™: 5.6%


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 21.7 30 50 6.8 +1.2
IDMO Invesco S&P International Developed Momentum ETF 21.4 25 55 7.0 +1.3
EFG iShares MSCI EAFE Growth ETF 20.8 36 44 4.1 -1.6
IQLT iShares MSCI Intl Quality Factor ETF 20.5 30 50 5.7 +0.1
QINT American Century Quality Diversified International ETF 20.4 39 41 7.4 +1.8
INTF iShares International Equity Factor ETF 19.0 15 65 7.8 +2.2
OEUR ALPS O'Shares Europe Quality Dividend ETF 18.6 48 32 5.7 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 18.3 12 68 5.4 -0.2
EFA iShares MSCI EAFE ETF 18.1 35 45 6.4 +0.7
IEV iShares Europe ETF 18.0 67 13 6.1 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.9 20 60 6.3 +0.6
ESGD iShares ESG Aware MSCI EAFE ETF 17.8 20 60 6.3 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.6 36 44 6.4 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 17.5 9 71 6.7 +1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.5 46 34 6.3 +0.7
FLEE Franklin FTSE Europe ETF 17.4 9 71 6.8 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 17.4 24 56 6.7 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.3 25 55 7.4 +1.8
GSID Goldman Sachs MarketBeta International Equity ETF 17.2 20 60 6.7 +1.0
IEUR iShares Core MSCI Europe ETF 17.1 11 69 -1.3 -7.0
SPEU SPDR Portfolio Europe ETF 17.1 7 73 6.6 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.0 25 55 7.4 +1.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.8 30 50 6.8 +1.2
VGK Vanguard FTSE Europe ETF 16.8 11 69 6.8 +1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 16.8 20 60 6.8 +1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.3 14 66 6.2 +0.5
BKIE BNY Mellon International Equity ETF 16.3 4 76 6.9 +1.2
IEFA iShares Core MSCI EAFE ETF 16.2 7 73 2.7 -2.9
IQSI IQ Candriam International Equity ETF 16.1 15 65 6.4 +0.8
FDEV Fidelity International Multifactor ETF 16.0 18 62 7.5 +1.9
IDHQ Invesco S&P International Developed High Quality ETF 15.9 29 51 5.8 +0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 15.8 20 60 6.9 +1.3
FICS First Trust International Developed Capital Strength ETF 15.7 70 10 6.1 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 15.5 4 76 6.7 +1.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 15.4 35 45 6.4 +0.8
JHMD John Hancock Multifactor Developed International ETF 15.4 39 41 7.4 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.1 39 41 7.6 +2.0
TTAI FCF International Quality ETF 15.1 59 21 7.4 +1.8
SCHF Schwab International Equity ETF 15.0 6 74 7.0 +1.4
UMMA Wahed Dow Jones Islamic World ETF 15.0 65 15 4.3 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 15.0 3 77 6.9 +1.3
DIVI Franklin International Core Dividend Tilt Index ETF 14.8 9 71 8.0 +2.4
JIG JPMorgan International Growth ETF 14.6 55 25 4.3 -1.3
VEA Vanguard FTSE Developed Markets ETF 14.4 5 75 7.0 +1.4
FEP First Trust Europe AlphaDEX Fund 14.4 80 0 8.6 +3.0
RFEU First Trust Riverfront Dynamic Europe ETF 14.3 83 -3 8.7 +3.1
DFSI Dimensional International Sustainability Core 1 ETF 14.2 24 56 6.2 +0.6
DOL WisdomTree International LargeCap Dividend Fund 14.1 48 32 7.7 +2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 13.6 80 0 10.8 +5.1
IQDG WisdomTree International Quality Dividend Growth Fund 13.4 42 38 5.8 +0.2
DIHP Dimensional International High Profitability ETF 13.4 29 51 6.9 +1.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 13.3 58 22 6.0 +0.3
IQDF FlexShares International Quality Dividend Index Fund 13.3 47 33 10.7 +5.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.1 58 22 5.6 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 13.1 31 49 6.4 +0.8
DFAI Dimensional International Core Equity Market ETF 13.0 18 62 6.9 +1.3
TPIF Timothy Plan International ETF 13.0 62 18 6.7 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 12.9 34 46 6.7 +1.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 12.8 51 29 6.8 +1.2
CWI SPDR MSCI ACWI ex-US ETF 12.7 30 50 6.8 +1.2
CIL VictoryShares International Volatility Wtd ETF 12.6 45 35 6.9 +1.2
IMOM Alpha Architect International Quantitative Momentum ETF 12.6 49 31 7.3 +1.7
FLEU Franklin FTSE Eurozone ETF 12.5 9 71 6.7 +1.1
EZU iShares MSCI Eurozone ETF 12.4 52 28 6.2 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.4 41 39 6.7 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 12.4 83 -3 9.0 +3.3
DWM WisdomTree International Equity Fund 12.3 48 32 7.8 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.2 40 40 7.8 +2.2
FIVA Fidelity International Value Factor ETF 11.8 18 62 9.3 +3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.8 45 35 6.2 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 11.6 8 72 7.2 +1.5
EXI iShares Global Industrials ETF 11.5 42 38 4.7 -1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 11.5 32 48 6.7 +1.1
IXUS iShares Core MSCI Total International Stock ETF 11.5 7 73 6.9 +1.3
IQIN IQ 500 International ETF 11.4 25 55 8.8 +3.2
WWJD Inspire International ETF 11.4 80 0 7.1 +1.5
UIVM VictoryShares International Value Momentum ETF 11.3 35 45 10.7 +5.0
VIGI Vanguard International Dividend Appreciation ETF 11.1 15 65 5.6 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.1 42 38 6.8 +1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.1 39 41 7.3 +1.7
FEUZ First Trust Eurozone AlphaDEX ETF 11.0 80 0 8.3 +2.7
VXUS Vanguard Total International Stock ETF 11.0 7 73 7.1 +1.5
VSGX Vanguard ESG International Stock ETF 10.9 12 68 6.8 +1.2
SXUS Janus Henderson International Sustainable Equity ETF 10.8 60 20 4.6 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.7 47 33 10.3 +4.6
HEDJ WisdomTree Europe Hedged Equity Fund 10.5 58 22 8.4 +2.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 10.5 24 56 8.6 +2.9
JPIN J.P. Morgan Diversified Return International Equity ETF 10.2 37 43 8.7 +3.1
EUDV ProShares MSCI Europe Dividend Growers ETF 10.0 55 25 5.0 -0.7
OSEA Harbor International Compounders ETF 9.8 55 25 3.7 -1.9
AVDE Avantis International Equity ETF 9.6 23 57 7.9 +2.2
IGRO iShares International Dividend Growth ETF 9.6 15 65 7.1 +1.4
EUFN iShares MSCI Europe Financials ETF 9.6 51 29 8.1 +2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.3 45 35 8.5 +2.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.3 50 30 5.1 -0.6
DFIC Dimensional International Core Equity 2 ETF 9.2 23 57 7.4 +1.8
ISZE iShares MSCI Intl Size Factor ETF 9.2 30 50 6.6 +0.9
JHID John Hancock International High Dividend ETF 9.1 46 34 11.5 +5.8
FEZ SPDR EURO STOXX 50 ETF 9.0 29 51 6.2 +0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.9 29 51 8.8 +3.1
FSZ First Trust Switzerland AlphaDEX Fund 8.8 80 0 4.1 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 8.8 25 55 9.1 +3.4
CGGO Capital Group Global Growth Equity ETF 8.7 47 33 4.3 -1.3
IPAC iShares Core MSCI Pacific ETF 8.2 9 71 6.7 +1.0
IQDE FlexShares International Quality Dividend Defensive Index ET 8.1 47 33 10.7 +5.0
ESGN Columbia International ESG Equity Income ETF 8.1 45 35 9.0 +3.4
JPXN iShares JPX-Nikkei 400 ETF 8.1 48 32 7.5 +1.9
IDLV Invesco S&P International Developed Low Volatility ETF 8.0 25 55 5.8 +0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 8.0 22 58 6.2 +0.6
FLJP Franklin FTSE Japan ETF 8.0 9 71 7.1 +1.5
CGXU Capital Group International Focus Equity ETF 8.0 54 26 4.1 -1.5
FLJH Franklin FTSE Japan Hedged ETF 7.9 9 71 6.9 +1.3
EWC iShares MSCI Canada ETF 7.9 50 30 6.9 +1.2
DWMF WisdomTree International Multifactor Fund 7.9 38 42 7.3 +1.7
BKCI BNY Mellon Concentrated International ETF 7.8 80 0 5.2 -0.4
EWD iShares MSCI Sweden ETF 7.8 54 26 6.0 +0.3
BBJP JPMorgan BetaBuilders Japan ETF 7.7 19 61 7.1 +1.5
EWJ iShares MSCI Japan ETF 7.7 50 30 6.7 +1.1
EWN iShares MSCI Netherlands ETF 7.6 50 30 4.7 -0.9
SAGP Strategas Global Policy Opportunities ETF 7.6 65 15 4.5 -1.1
VPL Vanguard FTSE Pacific ETF 7.5 8 72 7.0 +1.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.4 47 33 6.6 +0.9
DXJ WisdomTree Japan Hedged Equity Fund 7.4 48 32 7.7 +2.1
BBCA JPMorgan BetaBuilders Canada ETF 7.4 19 61 7.0 +1.4
AVIV Avantis International Large Cap Value ETF 7.2 25 55 8.9 +3.3
EFV iShares MSCI EAFE Value ETF 7.1 34 46 9.1 +3.5
FKU First Trust United Kingdom AlphaDEX Fund 7.0 80 0 7.5 +1.9
VYMI Vanguard International High Dividend Yield ETF 7.0 22 58 9.7 +4.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.0 80 0 5.4 -0.3
RODE Hartford Multifactor Diversified International ETF 7.0 29 51 11.5 +5.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 6.9 25 55 7.7 +2.1
RAYD Rayliant Quantitative Developed Market Equity ETF 6.9 80 0 4.5 -1.1
FJP First Trust Japan AlphaDEX Fund 6.7 80 0 10.1 +4.5
IVLU iShares MSCI Intl Value Factor ETF 6.6 30 50 10.6 +5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.6 30 50 7.8 +2.1
FIDI Fidelity International High Dividend ETF 6.5 18 62 10.1 +4.5
DIVS SmartETFs Dividend Builder ETF 6.5 65 15 4.7 -1.0
FLCA Franklin FTSE Canada ETF 6.2 9 71 7.2 +1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 6.1 12 68 5.1 -0.6
EWQ iShares MSCI France ETF 6.0 53 27 5.4 -0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 5.9 42 38 5.1 -0.5
IQM Franklin Intelligent Machines ETF 5.8 50 30 3.1 -2.6
KOCG FIS Knights of Columbus Global Belief ETF 5.8 75 5 5.3 -0.4
BLES Inspire Global Hope ETF 5.7 61 19 6.3 +0.7
QWLD SPDR MSCI World StrategicFactors ETF 5.7 30 50 6.1 +0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.6 65 15 12.8 +7.2
EWU iShares MSCI United Kingdom ETF 5.5 50 30 7.8 +2.2
EWL iShares MSCI Switzerland ETF 5.5 50 30 4.1 -1.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.5 80 0 10.0 +4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.5 20 60 5.6 -0.0
FLGB Franklin FTSE United Kingdom ETF 5.3 9 71 8.3 +2.7
URTH iShares MSCI World ETF 5.3 24 56 5.4 -0.3
DFIV Dimensional International Value ETF 5.2 27 53 9.8 +4.2
TEMP JPMorgan Climate Change Solutions ETF 5.2 49 31 4.7 -1.0
EWJV iShares MSCI Japan Value ETF 5.1 15 65 9.0 +3.3
FINE Themes European Luxury ETF 5.1 35 45 -2.2 -7.9
GLOF iShares Global Equity Factor ETF 5.0 20 60 7.1 +1.4
IXG iShares Global Financials ETF 5.0 42 38 6.8 +1.2
DTH WisdomTree International High Dividend Fund 4.9 58 22 10.1 +4.5
DIM WisdomTree International MidCap Dividend Fund 4.9 58 22 7.7 +2.0
DGT SPDR Global Dow ETF 4.8 50 30 6.7 +1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.8 25 55 6.1 +0.4
ACWI iShares MSCI ACWI ETF 4.8 32 48 5.5 -0.2
FLSW Franklin FTSE Switzerland ETF 4.7 9 71 5.1 -0.6
EWG iShares MSCI Germany ETF 4.6 50 30 6.5 +0.8
FLGR Franklin FTSE Germany ETF 4.6 9 71 7.1 +1.4
DAX Global X DAX Germany ETF 4.6 21 59 6.9 +1.3
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.6 45 35 6.4 +0.8
TOK iShares MSCI Kokusai ETF 4.6 26 54 5.3 -0.4
SHLD Global X Defense Tech ETF 4.6 50 30 4.8 -0.8
IXN iShares Global Tech ETF 4.6 41 39 4.3 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 4.6 9 71 5.5 -0.2
TOLL Tema Monopolies and Oligopolies ETF 4.5 75 5 2.6 -3.1
FIXT Procure Disaster Recovery Strategy ETF 4.5 75 5 5.7 +0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.4 9 71 5.7 +0.1
BTEK Future Tech ETF 4.4 88 -8 2.1 -3.6
IMFL Invesco International Developed Dynamic Multifactor ETF 4.3 34 46 10.6 +5.0
ROBO ROBO Global Robotics & Automation Index ETF 4.3 95 -15 2.8 -2.8
VT Vanguard Total World Stock ETF 4.2 7 73 5.8 +0.2
EDEN iShares MSCI Denmark ETF 4.2 53 27 6.2 +0.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.1 65 15 1.6 -4.0
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 25 8.0 +2.4
AGQI First Trust Active Global Quality Income ETF 3.9 85 -5 5.8 +0.2
KLDW Knowledge Leaders Developed World ETF 3.9 75 5 4.9 -0.7
NTZG Nuveen Global Net Zero Transition ETF 3.8 56 24 4.9 -0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.8 58 22 9.1 +3.4
FNDC Schwab Fundamental International Small Co. Index ETF 3.8 39 41 6.9 +1.3
IBOT Vaneck Robotics ETF 3.8 47 33 3.7 -1.9
AIVI WisdomTree International AI Enhanced Value Fund 3.6 58 22 8.0 +2.4
LUX Tema Luxury ETF 3.6 75 5 3.3 -2.3
GDVD R3 Global Dividend Growth ETF 3.5 88 -8 5.8 +0.2
BULD Pacer BlueStar Engineering the Future ETF 3.5 60 20 1.2 -4.5
WLDR Affinity World Leaders Equity ETF 3.5 67 13 8.5 +2.9
IOO iShares Global 100 ETF 3.4 41 39 4.8 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.4 9 71 9.8 +4.1
SCHC Schwab International Small-Cap Equity ETF 3.4 11 69 6.4 +0.8
XT iShares Exponential Technologies ETF 3.4 46 34 3.9 -1.8
IDRV iShares Self-driving EV & Tech ETF 3.3 47 33 -0.5 -6.2
IEUS iShares MSCI Europe Small-Cap ETF 3.3 42 38 0.0 -5.6
DTEC ALPS Disruptive Technologies ETF 3.3 50 30 3.3 -2.4
FPXI First Trust International Equity Opportunities ETF 3.2 70 10 3.6 -2.0
GDOC Goldman Sachs Future Health Care Equity ETF 3.2 75 5 3.2 -2.5
AGNG Global X Aging Population ETF 3.2 50 30 4.1 -1.5
BNE Blue Horizon BNE ETF 3.2 87 -7 5.0 -0.7
OCEN IQ Clean Oceans ETF 3.2 45 35 5.3 -0.4
SCJ iShares MSCI Japan Small-Cap ETF 3.1 50 30 6.4 +0.7
VWID Virtus WMC International Dividend ETF 3.1 49 31 9.4 +3.8
WRND IQ Global Equity R&D Leaders ETF 3.1 18 62 7.2 +1.5
EPP iShares MSCI Pacific ex-Japan ETF 3.0 47 33 5.4 -0.3
TINY ProShares Nanotechnology ETF 3.0 58 22 1.9 -3.8
IXJ iShares Global Healthcare ETF 3.0 42 38 6.1 +0.5
RXI iShares Global Consumer Discretionary ETF 3.0 41 39 5.5 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 31 5.8 +0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.9 20 60 10.7 +5.1
SCZ iShares MSCI EAFE Small-Cap ETF 2.9 40 40 0.0 -5.6
FYLD Cambria Foreign Shareholder Yield ETF 2.9 59 21 12.0 +6.3
GVAL Cambria Global Value ETF 2.9 68 12 12.3 +6.7
MOTG VanEck Morningstar Global Wide Moat ETF 2.8 52 28 5.8 +0.1
CLNR IQ Cleaner Transport ETF 2.8 45 35 8.3 +2.6
HART IQ Healthy Hearts ETF 2.7 45 35 5.3 -0.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.7 70 10 4.6 -1.1
ISCF iShares International SmallCap Equity Factor ETF 2.7 23 57 8.8 +3.1
PRNT 3D Printing ETF 2.7 66 14 -4.1 -9.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 35 4.9 -0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.6 7 73 6.5 +0.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.6 19 61 5.8 +0.2
GSFP Goldman Sachs Future Planet Equity ETF 2.6 75 5 4.5 -1.1
EWA iShares MSCI Australia ETF 2.5 50 30 5.3 -0.3
EWY iShares MSCI South Korea ETF 2.5 58 22 8.5 +2.9
INNO Harbor Disruptive Innovation ETF 2.4 75 5 -3.5 -9.2
LOUP Innovator Deepwater Frontier Tech ETF 2.4 70 10 2.3 -3.3
OGIG ALPS O'Shares Global Internet Giants ETF 2.4 48 32 0.5 -5.2
FLAU Franklin FTSE Australia ETF 2.4 9 71 5.8 +0.2
PIO Invesco Global Water ETF 2.4 75 5 4.9 -0.7
PTEC Global X PropTech ETF 2.3 50 30 1.7 -4.0
DEW WisdomTree Global High Dividend Fund 2.3 58 22 9.1 +3.5
FGM First Trust Germany AlphaDEX Fund 2.3 80 0 9.2 +3.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.2 58 22 4.6 -1.1
SNSR Global X Internet of Things ETF 2.2 68 12 4.3 -1.4
FID First Trust S&P International Dividend Aristocrats ETF 2.2 60 20 9.8 +4.2
ISHP First Trust Nasdaq Retail ETF 2.2 60 20 3.2 -2.5
LUXX Roundhill S&P Global Luxury ETF 2.1 45 35 2.7 -2.9
FDNI First Trust Dow Jones International Internet ETF 2.1 65 15 2.8 -2.9
GCOW Pacer Global Cash Cows Dividend ETF 2.1 60 20 13.6 +8.0
VIDI Vident International Equity Strategy ETF 2.1 61 19 11.9 +6.3
LVHI Franklin International Low Volatility High Dividend Index ET 2.1 40 40 10.2 +4.5
BMED Future Health ETF 2.1 85 -5 0.2 -5.4
EEMO Invesco S&P Emerging Markets Momentum ETF 2.1 29 51 6.2 +0.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.1 39 41 12.7 +7.0
FLKR Franklin FTSE South Korea ETF 2.0 9 71 9.4 +3.7
DFIS Dimensional International Small Cap ETF 2.0 39 41 6.7 +1.1
VERS ProShares Metaverse ETF 2.0 58 22 -8.3 -13.9
DISV Dimensional International Small Cap Value ETF 2.0 42 38 9.2 +3.6
EYLD Cambria Emerging Shareholder Yield ETF 2.0 66 14 12.1 +6.4
IGF iShares Global Infrastructure ETF 1.9 41 39 5.0 -0.7
GII SPDR S&P Global Infrastructure ETF 1.9 40 40 5.0 -0.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.9 45 35 6.2 +0.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.9 47 33 0.7 -5.0
AIQ Global X Artificial Intelligence & Technology ETF 1.9 68 12 4.2 -1.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.9 75 5 3.2 -2.5
WDIV SPDR S&P Global Dividend ETF 1.9 40 40 10.2 +4.6
ISRA VanEck Israel ETF 1.8 59 21 8.9 +3.3
EIS iShares MSCI Israel ETF 1.8 58 22 9.5 +3.8
IGPT Invesco AI and Next Gen Software ETF 1.8 60 20 3.8 -1.9
JRNY ALPS Global Travel Beneficiaries ETF 1.8 65 15 0.0 -5.6
EFRA iShares Environmental Infrastructure and Industrials ETF 1.8 47 33 5.2 -0.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.7 68 12 6.6 +1.0
GREK Global X MSCI Greece ETF 1.7 57 23 -1.6 -7.2
PEX ProShares Global Listed Private Equity ETF 1.7 81 -1 12.2 +6.6
PSP Invesco Global Listed Private Equity ETF 1.7 106 -26 9.1 +3.5
IDV iShares International Select Dividend ETF 1.7 51 29 12.3 +6.7
CGGR Capital Group Growth ETF 1.7 39 41 3.5 -2.2
URA Global X Uranium ETF 1.6 69 11 3.9 -1.8
QTUM Defiance Quantum ETF 1.6 40 40 3.9 -1.7
SHPP Pacer Industrials and Logistics ETF 1.6 60 20 8.9 +3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 24 13.9 +8.3
CGUS Capital Group Core Equity ETF 1.5 33 47 4.7 -1.0
BECO BlackRock Future Climate and Sustainable Economy ETF 1.5 70 10 13.7 +8.1
DINT Davis Select International ETF 1.5 55 25 4.7 -0.9
CLOD Themes Cloud Computing ETF 1.5 35 45 3.7 -2.0
IVAL Alpha Architect International Quantitative Value ETF 1.5 49 31 5.8 +0.2
CID VictoryShares International High Div Volatility Wtd ETF 1.5 45 35 9.5 +3.8
MVPS Amplify Thematic All-Stars ETF 1.5 49 31 1.7 -4.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 31 6.7 +1.1
JSTC Adasina Social Justice All Cap Global ETF 1.4 89 -9 4.8 -0.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.4 68 12 8.8 +3.2
EWUS iShares MSCI United Kingdom Small Cap ETF 1.4 59 21 6.2 +0.6
EWI iShares MSCI Italy ETF 1.3 50 30 8.2 +2.5
GBUY Goldman Sachs Future Consumer Equity ETF 1.3 75 5 3.1 -2.5
AVDV Avantis International Small Cap Value ETF 1.3 36 44 8.0 +2.3
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 2.7 -2.9
IPKW Invesco International BuyBack Achievers ETF 1.3 55 25 9.1 +3.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.2 55 25 3.6 -2.0
KOIN Capital Link Global Fintech Leaders ETF 1.2 75 5 4.6 -1.0
MXI iShares Global Materials ETF 1.2 41 39 6.6 +1.0
KXI iShares Global Consumer Staples ETF 1.1 41 39 5.6 -0.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 1 5.1 -0.5
EBLU Ecofin Global Water ESG Fund 1.1 40 40 3.9 -1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 1.1 69 11 2.3 -3.3
RSHO Tema American Reshoring ETF 1.1 75 5 3.6 -2.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 21 3.5 -2.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -8 6.2 +0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.1 65 15 8.4 +2.7
BOAT SonicShares Global Shipping ETF 1.0 69 11 29.1 +23.5
SEA U.S. Global Sea to Sky Cargo ETF 1.0 60 20 24.1 +18.4
LNGG Roundhill Alerian LNG ETF 1.0 65 15 8.5 +2.9
FDVV Fidelity High Dividend ETF 1.0 15 65 8.9 +3.3
FDD First Trust Stoxx European Select Dividend Index Fund 1.0 58 22 12.9 +7.3
DWX SPDR S&P International Dividend ETF 1.0 45 35 7.1 +1.5
AVES Avantis Emerging Markets Value ETF 1.0 36 44 12.1 +6.4
CHAT Roundhill Generative AI & Technology ETF 1.0 75 5 4.2 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 70 10 6.3 +0.6
EWS iShares MSCI Singapore ETF 1.0 50 30 4.0 -1.6
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 1 10.3 +4.7
ASEA Global X FTSE Southeast Asia ETF 1.0 65 15 6.5 +0.8
AIA iShares Asia 50 ETF 1.0 50 30 6.9 +1.2
DVYA iShares Asia/Pacific Dividend ETF 1.0 49 31 9.1 +3.5
FMET Fidelity Metaverse ETF 1.0 39 41 4.4 -1.3
ARKX ARK Space Exploration & Innovation ETF 1.0 75 5 1.7 -3.9
GGME Invesco Next Gen Media and Gaming ETF 1.0 60 20 4.1 -1.6
IVRS iShares Future Metaverse Tech and Communications ETF 1.0 47 33 -5.3 -11.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 61 7.2 +1.5
NORW Global X MSCI Norway ETF 0.9 50 30 7.5 +1.8
ENOR iShares MSCI Norway ETF 0.9 53 27 7.6 +1.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 41 11.0 +5.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.8 45 35 1.4 -4.3
ANEW ProShares MSCI Transformational Changes ETF 0.8 45 35 3.3 -2.3
GLIF AGF Global Infrastructure ETF 0.8 45 35 5.5 -0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 70 8.2 +2.5
IXP iShares Global Comm Services ETF 0.8 42 38 5.3 -0.3
SYNB Putnam BioRevolution ETF 0.8 70 10 2.9 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 33 5.9 +0.3
EIRL iShares MSCI Ireland ETF 0.8 50 30 5.8 +0.1
SANE Subversive Mental Health ETF 0.7 75 5 0.0 -5.6
IQRA IQ CBRE Real Assets ETF 0.7 65 15 5.9 +0.3
SCHY Schwab International Dividend Equity ETF 0.7 14 66 9.3 +3.6
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 55 8.7 +3.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.7 85 -5 4.9 -0.8
BCDF Horizon Kinetics Blockchain Development ETF 0.7 85 -5 -0.7 -6.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 55 6.7 +1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 39 7.8 +2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 60 6.7 +1.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.6 68 12 5.3 -0.4
FAN First Trust Global Wind Energy ETF 0.6 60 20 5.5 -0.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 12 3.4 -2.3
CGW Invesco S&P Global Water Index ETF 0.6 57 23 3.8 -1.9
AHOY Newday Ocean Health ETF 0.6 75 5 5.6 -0.0
TRFK Pacer Data and Digital Revolution ETF 0.6 60 20 4.0 -1.6
EWP iShares MSCI Spain ETF 0.6 50 30 8.5 +2.8
NETZ TCW Transform Systems ETF 0.5 75 5 3.4 -2.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 10 3.5 -2.2
PBD Invesco Global Clean Energy ETF 0.5 75 5 -3.9 -9.5
IWTR iShares MSCI Water Management Multisector ETF 0.5 47 33 4.8 -0.8
JXI iShares Global Utilities ETF 0.5 43 37 6.7 +1.0
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.5 75 5 4.9 -0.8
BLLD JPMorgan Sustainable Infrastructure ETF 0.5 49 31 6.2 +0.6
FLHK Franklin FTSE Hong Kong ETF 0.5 9 71 7.4 +1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 19 -4.0 -9.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 32 9.4 +3.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -15 11.4 +5.7
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 11.6 +6.0
STXE Strive Emerging Markets Ex-China ETF 0.5 32 48 6.9 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 65 7.9 +2.3
EFAS Global X MSCI SuperDividend EAFE ETF 0.5 57 23 9.7 +4.0
EEM iShares MSCI Emerging Markets ETF 0.5 69 11 7.0 +1.3
AVEM Avantis Emerging Markets Equity ETF 0.5 33 47 9.1 +3.4
GNR SPDR S&P Global Natural Resources ETF 0.5 40 40 9.2 +3.5
HAP VanEck Natural Resources ETF 0.5 50 30 9.5 +3.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 36 10.3 +4.7
JETS U.S. Global Jets ETF 0.5 60 20 -15.6 -21.2
PID Invesco International Dividend Achievers ETF 0.5 53 27 6.7 +1.1
PHO Invesco Water Resources ETF 0.5 60 20 4.3 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 71 7.5 +1.9
CANC Tema Oncology ETF 0.5 75 5 -4.4 -10.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 39 7.3 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 49 31 6.7 +1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 14 7.2 +1.6
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 45 7.7 +2.1
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 48 6.2 +0.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 69 7.7 +2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 44 7.5 +1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 7.1 +1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 48 6.3 +0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 34 5.6 -0.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 10 7.2 +1.6
GWX SPDR S&P International Small Cap ETF 0.3 40 40 6.6 +1.0
DFEV Dimensional Emerging Markets Value ETF 0.3 43 37 10.9 +5.3
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 64 7.4 +1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 42 8.2 +2.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 21 9.6 +3.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 50 7.5 +1.9
UFO Procure Space ETF 0.2 75 5 -4.0 -9.6
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 22 8.8 +3.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 50 8.5 +2.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.2 75 5 9.6 +3.9
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 55 7.7 +2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 30 10.5 +4.9
XCEM Columbia EM Core ex-China ETF 0.2 16 64 7.4 +1.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 31 8.3 +2.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 48 7.6 +1.9
SCHE Schwab Emerging Markets Equity ETF 0.1 11 69 7.6 +1.9
GVLU Gotham 1000 Value ETF 0.1 50 30 7.4 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 35 8.6 +2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 7.2 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 5 4.7 -0.9
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 72 7.6 +1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 41 12.5 +6.9
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 7.5 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 44 6.8 +1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 22 10.1 +4.5
RVRB Reverb ETF 0.0 30 50 5.0 -0.7
FBCG Fidelity Blue Chip Growth ETF 0.0 59 21 2.6 -3.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.0 25 55 11.9 +6.3

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

  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

Content on this tab for subscribers only

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 Developed 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 16.6 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.51
 
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.