Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 18.0x 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) $415
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) $44,154
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
BELIMO HOLDING AG 3.0 %
TECHNOLOGY ONE LTD 2.8 %
CONSTELLATION SOFTWARE INC 2.7 %
FLUGHAFEN ZURICH AG 2.4 %
ABB LTD. 2.4 %
FUJIKURA LTD 2.4 %
SAMSUNG TECHWIN CO LTD 2.2 %
RHEINMETALL AG 2.1 %
HYUNDAI ELECTRIC & ENERGY SYSTEMS 2.0 %
HALMA PLC 1.9 %
Total 23.8 %

TOP COUNTRY EXPOSURE
SWITZERLAND 14.8 %
CANADA 14.2 %
SOUTH KOREA 9.4 %
JAPAN 8.7 %
GERMANY 7.3 %
AUSTRALIA 5.8 %
BRITAIN 5.5 %
ITALY 4.7 %
SINGAPORE 3.2 %
GREECE 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
25.4% 26.5% 10.9% 7.9% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 76%
MSCI EAFE 0.86 61%
MSCI Emg. Mkts. 0.71 44%

Technical Indicators
Recent close $46.52
30d moving avg. $46.02
Annualized volatility 17.8%
Short interest (ETF) 0.5%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.7%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 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™: 5.0%


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 22.7 30 50 5.5 +0.5
IDMO Invesco S&P International Developed Momentum ETF 22.2 25 55 5.3 +0.3
INTF iShares International Equity Factor ETF 17.4 15 65 7.6 +2.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 17.0 12 68 6.0 +1.0
EFG iShares MSCI EAFE Growth ETF 16.3 36 44 4.4 -0.7
IQLT iShares MSCI Intl Quality Factor ETF 16.2 30 50 6.3 +1.3
STXI Strive International Developed Markets ETF 15.8 29 51 6.7 +1.7
FDEV Fidelity International Multifactor ETF 15.6 18 62 7.5 +2.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 15.3 80 0 9.6 +4.6
FEP First Trust Europe AlphaDEX Fund 15.1 80 0 9.1 +4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.4 25 55 7.1 +2.1
FEUZ First Trust Eurozone AlphaDEX ETF 14.4 80 0 9.1 +4.1
IEV iShares Europe ETF 14.3 67 13 6.9 +1.9
IEUR iShares Core MSCI Europe ETF 13.7 11 69 7.4 +2.4
VGK Vanguard FTSE Europe ETF 13.7 6 74 7.5 +2.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 60 6.3 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.6 25 55 7.3 +2.3
TPIF Timothy Plan International ETF 13.5 62 18 6.2 +1.2
SPEU SPDR Portfolio Europe ETF 13.4 7 73 7.4 +2.4
EFA iShares MSCI EAFE ETF 13.1 35 45 6.7 +1.7
DFSI Dimensional International Sustainability Core 1 ETF 12.9 24 56 6.3 +1.3
IDEV iShares Core MSCI International Developed Markets ETF 12.7 4 76 7.0 +2.0
UIVM VictoryShares International Value Momentum ETF 12.7 35 45 8.9 +3.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 12.7 32 48 6.0 +1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.5 46 34 6.7 +1.7
BKIE BNY Mellon International Equity ETF 12.5 4 76 7.0 +2.0
ESGD iShares ESG Aware MSCI EAFE ETF 12.5 20 60 6.7 +1.7
VEA Vanguard FTSE Developed Markets ETF 12.4 3 77 7.2 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 12.4 9 71 7.2 +2.2
IMFL Invesco International Developed Dynamic Multifactor ETF 12.4 34 46 6.1 +1.1
TTAI FCF International Quality ETF 12.3 59 21 7.2 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 12.3 3 77 7.0 +2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 12.2 12 68 5.5 +0.5
SCHF Schwab International Equity ETF 12.1 6 74 7.3 +2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 12.0 20 60 7.1 +2.1
EZU iShares MSCI Eurozone ETF 12.0 52 28 6.8 +1.8
QINT American Century Quality Diversified International ETF 12.0 39 41 7.3 +2.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.0 30 50 7.0 +2.0
CIL VictoryShares International Volatility Wtd ETF 11.9 45 35 6.6 +1.6
DFAI Dimensional International Core Equity Market ETF 11.9 18 62 7.1 +2.1
IEFA iShares Core MSCI EAFE ETF 11.9 7 73 7.0 +2.0
FENI Fidelity Enhanced International ETF 11.9 28 52 6.6 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.8 36 44 6.5 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 11.7 20 60 6.9 +1.9
DIHP Dimensional International High Profitability ETF 11.7 29 51 7.2 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 11.4 29 51 6.6 +1.6
FLEE Franklin FTSE Europe ETF 11.4 9 71 7.3 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 11.1 20 60 6.5 +1.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 11.1 48 32 6.1 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.7 39 41 6.7 +1.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.7 29 51 7.7 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 10.7 34 46 7.8 +2.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 10.7 45 35 6.9 +1.9
IMOM Alpha Architect International Quantitative Momentum ETF 10.5 49 31 3.3 -1.7
CWI SPDR MSCI ACWI ex-US ETF 10.5 30 50 7.7 +2.7
EWC iShares MSCI Canada ETF 10.4 50 30 6.1 +1.1
AVSD Avantis Responsible International Equity ETF 10.3 23 57 5.7 +0.7
UMMA Wahed Dow Jones Islamic World ETF 10.1 65 15 5.4 +0.4
VIGI Vanguard International Dividend Appreciation ETF 10.1 10 70 6.3 +1.3
DWMF WisdomTree International Multifactor Fund 10.0 38 42 7.0 +2.0
JHMD John Hancock Multifactor Developed International ETF 10.0 39 41 7.6 +2.6
DFIC Dimensional International Core Equity 2 ETF 9.8 23 57 7.4 +2.4
EXI iShares Global Industrials ETF 9.8 42 38 4.5 -0.5
FICS First Trust International Developed Capital Strength ETF 9.8 70 10 7.3 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 9.7 4 76 8.1 +3.1
IDLV Invesco S&P International Developed Low Volatility ETF 9.7 25 55 6.3 +1.3
IXUS iShares Core MSCI Total International Stock ETF 9.7 7 73 7.9 +2.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 9.7 22 58 5.8 +0.8
JIRE JPMorgan International Research Enhanced Equity ETF 9.5 24 56 7.2 +2.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.5 35 45 6.6 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.5 41 39 7.5 +2.5
VXUS Vanguard Total International Stock ETF 9.5 5 75 7.9 +2.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.5 18 62 7.9 +2.9
DOL WisdomTree International LargeCap Dividend Fund 9.3 48 32 7.2 +2.2
EUDV ProShares MSCI Europe Dividend Growers ETF 9.3 55 25 6.2 +1.2
FSZ First Trust Switzerland AlphaDEX Fund 9.0 80 0 5.3 +0.3
EUFN iShares MSCI Europe Financials ETF 8.9 51 29 7.9 +2.9
BBCA JPMorgan BetaBuilders Canada ETF 8.9 19 61 6.3 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.9 45 35 8.8 +3.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.8 24 56 7.4 +2.4
IQSI IQ Candriam International Equity ETF 8.7 15 65 6.6 +1.6
CGIE Capital Group International Equity ETF 8.7 54 26 5.1 +0.1
JIG JPMorgan International Growth ETF 8.6 55 25 4.8 -0.2
VSGX Vanguard ESG International Stock ETF 8.5 10 70 7.7 +2.7
DIVI Franklin International Core Dividend Tilt Index ETF 8.4 9 71 7.9 +2.9
JPIN J.P. Morgan Diversified Return International Equity ETF 8.4 37 43 8.3 +3.3
RFDI First Trust Riverfront Dynamic Developed International ETF 8.4 83 -3 9.4 +4.4
DWM WisdomTree International Equity Fund 8.3 48 32 7.4 +2.4
AVDE Avantis International Equity ETF 8.3 23 57 7.4 +2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.2 39 41 7.9 +2.9
IGRO iShares International Dividend Growth ETF 8.1 15 65 7.3 +2.3
FEZ SPDR EURO STOXX 50 ETF 8.1 29 51 7.2 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.1 40 40 7.4 +2.4
FIVA Fidelity International Value Factor ETF 8.0 18 62 9.9 +4.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.8 80 0 9.1 +4.1
RODE Hartford Multifactor Diversified International ETF 7.6 29 51 11.4 +6.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.6 50 30 6.0 +1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.6 58 22 7.1 +2.1
IQDG WisdomTree International Quality Dividend Growth Fund 7.6 42 38 7.3 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 7.5 58 22 6.6 +1.6
FLCA Franklin FTSE Canada ETF 7.5 9 71 6.5 +1.5
DAX Global X DAX Germany ETF 7.4 21 59 6.7 +1.7
EWG iShares MSCI Germany ETF 7.4 50 30 6.2 +1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.4 30 50 7.9 +2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.3 14 66 6.2 +1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.3 58 22 6.9 +1.9
DIM WisdomTree International MidCap Dividend Fund 7.2 58 22 7.5 +2.5
PIO Invesco Global Water ETF 7.2 75 5 4.2 -0.8
IXG iShares Global Financials ETF 7.0 42 38 6.5 +1.5
AVIV Avantis International Large Cap Value ETF 6.9 25 55 8.6 +3.6
DXIV Dimensional International Vector Equity ETF 6.9 34 46 7.8 +2.8
FNDF Schwab Fundamental International Large Co. Index ETF 6.8 25 55 9.6 +4.6
VYMI Vanguard International High Dividend Yield ETF 6.6 17 63 9.5 +4.5
EWY iShares MSCI South Korea ETF 6.6 58 22 8.7 +3.7
EWL iShares MSCI Switzerland ETF 6.6 50 30 6.2 +1.2
SHLD Global X Defense Tech ETF 6.5 50 30 3.3 -1.7
OAIM OneAscent International Equity ETF 6.5 95 -15 5.7 +0.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.4 65 15 4.3 -0.7
GLOF iShares Global Equity Factor ETF 6.2 20 60 6.5 +1.5
JHID John Hancock International High Dividend ETF 6.1 46 34 9.5 +4.5
EFV iShares MSCI EAFE Value ETF 6.1 34 46 9.1 +4.1
WWJD Inspire International ETF 5.9 80 0 7.3 +2.3
VPL Vanguard FTSE Pacific ETF 5.8 7 73 6.8 +1.8
NATO Themes Transatlantic Defense ETF 5.8 35 45 2.4 -2.6
FJP First Trust Japan AlphaDEX Fund 5.7 80 0 8.9 +3.9
KNO AXS Knowledge Leaders ETF 5.7 78 2 6.0 +1.0
IVLU iShares MSCI Intl Value Factor ETF 5.7 30 50 10.4 +5.4
SCHC Schwab International Small-Cap Equity ETF 5.7 11 69 6.6 +1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.6 42 38 7.2 +2.2
DTAN Sparkline International Intangible Value ETF 5.5 55 25 8.5 +3.5
FLKR Franklin FTSE South Korea ETF 5.5 9 71 9.4 +4.4
FIDI Fidelity International High Dividend ETF 5.5 18 62 8.7 +3.7
CGXU Capital Group International Focus Equity ETF 5.5 54 26 5.6 +0.6
VIDI Vident International Equity Strategy ETF 5.4 61 19 10.9 +5.9
IPAC iShares Core MSCI Pacific ETF 5.4 9 71 6.3 +1.3
FLGR Franklin FTSE Germany ETF 5.4 9 71 7.0 +2.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.3 80 0 5.9 +0.9
AZTD Aztlan Global Stock Selection DM SMID ETF 5.3 75 5 7.4 +2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.2 12 68 5.2 +0.2
DFIV Dimensional International Value ETF 5.1 27 53 9.6 +4.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.0 25 55 5.9 +0.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 4.9 60 20 3.6 -1.4
RFEU First Trust Riverfront Dynamic Europe ETF 4.9 83 -3 10.6 +5.6
DGT SPDR Global Dow ETF 4.8 50 30 7.0 +2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.8 58 22 4.7 -0.3
IEUS iShares MSCI Europe Small-Cap ETF 4.8 42 38 7.2 +2.2
WLDR Affinity World Leaders Equity ETF 4.8 67 13 7.5 +2.5
PPIE Putnam PanAgora ESG International Equity ETF 4.7 49 31 7.4 +2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 4.7 8 72 6.1 +1.1
FGM First Trust Germany AlphaDEX Fund 4.7 80 0 6.3 +1.3
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 70 5.7 +0.7
EWI iShares MSCI Italy ETF 4.6 50 30 10.4 +5.4
PATN Pacer Nasdaq International Patent Leaders ETF 4.6 65 15 6.2 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 4.6 31 49 6.3 +1.3
CZAR Themes Natural Monopoly ETF 4.6 35 45 5.7 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 4.5 42 38 5.4 +0.4
JPXN iShares JPX-Nikkei 400 ETF 4.4 48 32 6.7 +1.7
DTH WisdomTree International High Dividend Fund 4.4 58 22 8.4 +3.4
FLSW Franklin FTSE Switzerland ETF 4.4 9 71 6.4 +1.4
IQDF FlexShares International Quality Dividend Index Fund 4.4 47 33 8.9 +3.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 33 8.4 +3.4
EWJ iShares MSCI Japan ETF 4.4 50 30 6.2 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 4.3 30 50 5.9 +0.9
CGGO Capital Group Global Growth Equity ETF 4.2 47 33 4.7 -0.3
IPKW Invesco International BuyBack Achievers ETF 4.2 55 25 12.5 +7.5
INEQ Columbia International Equity Income ETF 4.2 45 35 8.1 +3.1
JSTC Adasina Social Justice All Cap Global ETF 4.1 89 -9 4.8 -0.2
EWU iShares MSCI United Kingdom ETF 4.1 50 30 8.1 +3.1
URTH iShares MSCI World ETF 4.1 24 56 5.1 +0.1
SAGP Strategas Global Policy Opportunities ETF 4.0 65 15 5.4 +0.4
CGDG Capital Group Dividend Growers ETF 4.0 47 33 6.3 +1.3
EMM Global X Emerging Markets ex-China ETF 3.9 75 5 6.5 +1.5
FLJP Franklin FTSE Japan ETF 3.9 9 71 6.3 +1.3
FLGB Franklin FTSE United Kingdom ETF 3.9 9 71 7.6 +2.6
FEOE First Eagle Overseas Equity ETF 3.9 79 1 8.0 +3.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.9 70 10 4.8 -0.2
FLJH Franklin FTSE Japan Hedged ETF 3.9 9 71 6.1 +1.1
CGW Invesco S&P Global Water Index ETF 3.9 57 23 4.6 -0.4
TOK iShares MSCI Kokusai ETF 3.9 26 54 5.0 +0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.8 25 55 7.0 +2.0
BBJP JPMorgan BetaBuilders Japan ETF 3.8 19 61 6.8 +1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.8 9 71 9.1 +4.1
SHPP Pacer Industrials and Logistics ETF 3.8 60 20 8.6 +3.6
ACWI iShares MSCI ACWI ETF 3.8 32 48 5.5 +0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.8 47 33 6.2 +1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.8 49 31 6.8 +1.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.7 58 22 8.8 +3.8
KOKU Xtrackers MSCI Kokusai Equity ETF 3.7 9 71 5.2 +0.2
NUKZ Range Nuclear Renaissance Index ETF 3.6 85 -5 2.1 -3.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.6 9 71 5.7 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.5 20 60 5.6 +0.6
OSEA Harbor International Compounders ETF 3.5 55 25 4.8 -0.2
VT Vanguard Total World Stock ETF 3.5 6 74 5.9 +0.9
FKU First Trust United Kingdom AlphaDEX Fund 3.5 80 0 7.3 +2.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 15 8.1 +3.1
DFIS Dimensional International Small Cap ETF 3.3 39 41 7.3 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 3.3 29 51 6.6 +1.6
IBOT Vaneck Robotics ETF 3.3 47 33 4.3 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 3.3 39 41 5.8 +0.8
CRTC Xtrackers US National Critical Technologies ETF 3.3 35 45 4.8 -0.2
IQM Franklin Intelligent Machines ETF 3.2 50 30 2.0 -3.0
EWS iShares MSCI Singapore ETF 3.2 50 30 4.9 -0.1
SCZ iShares MSCI EAFE Small-Cap ETF 3.1 40 40 6.9 +1.9
VWID Virtus WMC International Dividend ETF 3.1 49 31 8.5 +3.5
BLES Inspire Global Hope ETF 3.1 61 19 6.8 +1.8
BKCI BNY Mellon Concentrated International ETF 3.1 80 0 5.3 +0.3
GREK Global X MSCI Greece ETF 3.1 57 23 10.9 +5.9
FEGE First Eagle Global Equity ETF 3.0 79 1 7.0 +2.0
EPP iShares MSCI Pacific ex-Japan ETF 2.9 47 33 5.1 +0.1
DEW WisdomTree Global High Dividend Fund 2.9 58 22 8.4 +3.4
SNSR Global X Internet of Things ETF 2.9 68 12 4.4 -0.6
JGLO JPMorgan Global Select Equity ETF 2.8 33 47 4.9 -0.1
GLBL Pacer MSCI World Industry Advantage ETF 2.8 65 15 4.1 -0.9
AVDV Avantis International Small Cap Value ETF 2.8 36 44 9.5 +4.5
XT iShares Exponential Technologies ETF 2.7 46 34 4.9 -0.1
ISCF iShares International SmallCap Equity Factor ETF 2.7 23 57 8.2 +3.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -5 3.9 -1.1
BCDF Horizon Kinetics Blockchain Development ETF 2.7 85 -5 4.1 -0.9
RW Rainwater Equity ETF 2.7 125 -45 2.9 -2.1
DXJ WisdomTree Japan Hedged Equity Fund 2.7 48 32 7.5 +2.5
FTHF First Trust Emerging Markets Human Flourishing ETF 2.7 75 5 8.6 +3.6
EDEN iShares MSCI Denmark ETF 2.7 53 27 7.0 +2.0
KOCG FIS Knights of Columbus Global Belief ETF 2.6 75 5 5.2 +0.2
AIVI WisdomTree International AI Enhanced Value Fund 2.6 58 22 7.0 +2.0
FAN First Trust Global Wind Energy ETF 2.6 60 20 4.5 -0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.6 45 35 4.0 -1.0
FPXI First Trust International Equity Opportunities ETF 2.6 70 10 4.2 -0.8
RXI iShares Global Consumer Discretionary ETF 2.5 41 39 9.3 +4.3
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 28 7.7 +2.7
PCGG Polen Capital Global Growth ETF 2.5 85 -5 3.8 -1.2
QTUM Defiance Quantum ETF 2.5 40 40 5.5 +0.5
JETS U.S. Global Jets ETF 2.5 60 20 2.6 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 25 7.9 +2.9
IGF iShares Global Infrastructure ETF 2.4 41 39 4.7 -0.3
RGEF Rockefeller Global Equity ETF 2.4 55 25 4.8 -0.2
ISRA VanEck Israel ETF 2.4 59 21 7.2 +2.2
RCGE RockCreek Global Equality ETF 2.4 95 -15 6.7 +1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 2.4 69 11 2.4 -2.6
IBAT iShares Energy Storage & Materials ETF 2.4 47 33 3.8 -1.2
IDRV iShares Self-driving EV & Tech ETF 2.4 47 33 1.8 -3.2
RSHO Tema American Reshoring ETF 2.4 75 5 4.4 -0.6
VOLT Tema Electrification ETF 2.4 75 5 2.8 -2.2
GII SPDR S&P Global Infrastructure ETF 2.3 40 40 4.7 -0.3
EBLU Ecofin Global Water ESG Fund 2.3 40 40 4.2 -0.9
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 14 12.3 +7.3
BOTT Themes Robotics & Automation ETF 2.3 35 45 4.1 -0.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.3 19 61 5.8 +0.8
IOO iShares Global 100 ETF 2.2 41 39 4.8 -0.3
HART IQ Healthy Hearts ETF 2.2 45 35 6.6 +1.6
DIVS SmartETFs Dividend Builder ETF 2.2 65 15 5.0 +0.0
WRND IQ Global Equity R&D Leaders ETF 2.2 18 62 8.2 +3.2
SCHY Schwab International Dividend Equity ETF 2.2 14 66 9.7 +4.7
PBD Invesco Global Clean Energy ETF 2.2 75 5 -0.3 -5.3
EWD iShares MSCI Sweden ETF 2.1 54 26 5.4 +0.4
GVAL Cambria Global Value ETF 2.1 68 12 10.5 +5.5
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 20 7.9 +2.9
MOTI VanEck Morningstar International Moat ETF 2.1 58 22 12.0 +7.0
EWA iShares MSCI Australia ETF 2.1 50 30 5.6 +0.6
IXJ iShares Global Healthcare ETF 2.0 42 38 7.3 +2.3
EWP iShares MSCI Spain ETF 2.0 50 30 7.1 +2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.9 70 10 9.5 +4.5
EMC Global X Emerging Markets Great Consumer ETF 1.9 75 5 11.0 +6.0
RAYD Rayliant Quantitative Developed Market Equity ETF 1.9 80 0 4.4 -0.6
WDIV SPDR S&P Global Dividend ETF 1.9 40 40 9.2 +4.2
PID Invesco International Dividend Achievers ETF 1.9 53 27 5.5 +0.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 55 7.8 +2.8
LVHI Franklin International Low Volatility High Dividend Index ET 1.8 40 40 10.3 +5.3
URA Global X Uranium ETF 1.8 69 11 1.7 -3.3
RING iShares MSCI Global Gold Miners ETF 1.8 39 41 4.7 -0.3
SLVP iShares MSCI Global Silver Miners ETF 1.8 39 41 7.0 +2.0
IXN iShares Global Tech ETF 1.8 41 39 3.6 -1.4
STXE Strive Emerging Markets Ex-China ETF 1.8 32 48 7.9 +2.9
AVES Avantis Emerging Markets Value ETF 1.8 36 44 11.1 +6.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.7 41 39 6.8 +1.8
GDOC Goldman Sachs Future Health Care Equity ETF 1.7 75 5 2.8 -2.2
AGNG Global X Aging Population ETF 1.7 50 30 4.9 -0.1
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 1.7 75 5 1.4 -3.6
EIS iShares MSCI Israel ETF 1.7 58 22 8.0 +3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -15 11.8 +6.8
EWQ iShares MSCI France ETF 1.7 53 27 7.3 +2.3
FLAU Franklin FTSE Australia ETF 1.6 9 71 6.1 +1.1
SGDM Sprott Gold Miners ETF 1.5 50 30 3.4 -1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.5 46 34 5.6 +0.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.5 49 31 9.4 +4.4
GSIB Themes Global Systemically Important Banks ETF 1.5 35 45 9.2 +4.2
NETZ TCW Transform Systems ETF 1.4 75 5 2.5 -2.5
ETEC iShares Breakthrough Environmental Solutions ETF 1.4 47 33 3.3 -1.7
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 12 3.8 -1.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 61 9.4 +4.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.4 65 15 12.1 +7.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 50 10.6 +5.6
FYLD Cambria Foreign Shareholder Yield ETF 1.4 59 21 11.6 +6.6
FDHT Fidelity Digital Health ETF 1.4 39 41 0.9 -4.1
HEAL Global X HealthTech ETF 1.4 50 30 -0.7 -5.7
CGGR Capital Group Growth ETF 1.4 39 41 3.1 -1.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.4 33 47 10.2 +5.2
FDTX Fidelity Disruptive Technology ETF 1.4 50 30 2.7 -2.3
AIA iShares Asia 50 ETF 1.4 50 30 12.9 +7.9
EIRL iShares MSCI Ireland ETF 1.3 50 30 8.6 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.3 49 31 10.4 +5.4
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 63 14.1 +9.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 39 8.7 +3.7
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 60 6.2 +1.2
EEM iShares MSCI Emerging Markets ETF 1.3 69 11 10.5 +5.5
EFAS Global X MSCI SuperDividend EAFE ETF 1.3 57 23 8.3 +3.3
KXI iShares Global Consumer Staples ETF 1.3 41 39 5.5 +0.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.2 55 25 7.7 +2.7
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 64 8.6 +3.6
MXI iShares Global Materials ETF 1.2 41 39 7.6 +2.6
IDV iShares International Select Dividend ETF 1.2 51 29 10.6 +5.6
AUMI Themes Gold Miners ETF 1.2 35 45 4.7 -0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 1.2 59 21 7.5 +2.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 27 7.9 +2.9
GOEX Global X Gold Explorers ETF 1.2 65 15 3.3 -1.7
NANR SPDR S&P North American Natural Resources ETF 1.2 35 45 7.9 +2.9
XDAT Franklin Exponential Data ETF 1.2 50 30 2.1 -2.9
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 71 10.6 +5.6
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 45 9.4 +4.4
AVEM Avantis Emerging Markets Equity ETF 1.1 33 47 8.8 +3.8
CLNR IQ Cleaner Transport ETF 1.1 45 35 6.6 +1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 48 7.0 +2.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 47 8.8 +3.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.1 45 35 10.5 +5.5
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 55 11.9 +6.9
BLLD JPMorgan Sustainable Infrastructure ETF 1.1 49 31 6.1 +1.1
IQRA IQ CBRE Real Assets ETF 1.1 65 15 5.7 +0.7
ABLG Abacus FCF International Leaders ETF 1.1 59 21 6.9 +1.9
FINE Themes European Luxury ETF 1.1 35 45 3.5 -1.5
CGV Conductor Global Equity Value ETF 1.1 130 -50 8.3 +3.3
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 31 5.8 +0.8
XCEM Columbia EM Core ex-China ETF 1.1 16 64 8.4 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 42 9.3 +4.3
GINN Goldman Sachs Innovate Equity ETF 1.0 52 28 3.7 -1.3
JXI iShares Global Utilities ETF 1.0 43 37 5.9 +0.9
AVDS Avantis International Small Cap Equity ETF 1.0 30 50 7.3 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 14 9.7 +4.7
AGQI First Trust Active Global Quality Income ETF 0.9 85 -5 4.9 -0.1
EWJV iShares MSCI Japan Value ETF 0.9 15 65 8.8 +3.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 69 10.2 +5.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 44 10.0 +5.0
EWN iShares MSCI Netherlands ETF 0.9 50 30 5.6 +0.6
SCJ iShares MSCI Japan Small-Cap ETF 0.9 50 30 6.6 +1.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -8 8.9 +3.9
BULD Pacer BlueStar Engineering the Future ETF 0.9 60 20 0.5 -4.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.9 15 65 10.4 +5.4
OGIG ALPS O'Shares Global Internet Giants ETF 0.8 48 32 1.6 -3.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.8 61 19 1.5 -3.6
CLOD Themes Cloud Computing ETF 0.8 35 45 3.2 -1.8
KLMN Invesco MSCI North America Climate ETF 0.8 9 71 4.9 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 44 8.0 +3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 30 11.1 +6.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 15 2.1 -3.0
KNCT Invesco Next Gen Connectivity ETF 0.8 40 40 4.8 -0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 5 9.7 +4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 20 8.1 +3.1
XC WisdomTree Emerging Markets Ex-China Fund 0.8 32 48 6.3 +1.3
HYDR Global X Hydrogen ETF 0.8 50 30 -4.1 -9.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 36 10.7 +5.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 1 9.0 +4.0
ASEA Global X FTSE Southeast Asia ETF 0.7 65 15 6.7 +1.7
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 31 7.7 +2.7
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 55 10.4 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 31 10.3 +5.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 22 8.0 +3.0
ITEQ BlueStar Israel Technology ETF 0.7 75 5 1.7 -3.3
EWK iShares MSCI Belgium ETF 0.7 50 30 4.4 -0.6
DISV Dimensional International Small Cap Value ETF 0.7 42 38 9.1 +4.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 24 10.7 +5.7
IDOG ALPS International Sector Dividend Dogs ETF 0.6 50 30 12.1 +7.1
BOAT SonicShares Global Shipping ETF 0.6 69 11 27.3 +22.3
TOLL Tema Monopolies and Oligopolies ETF 0.6 75 5 5.1 +0.1
DFEV Dimensional Emerging Markets Value ETF 0.6 43 37 13.4 +8.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.6 30 50 9.2 +4.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 9.4 +4.4
ICLN iShares Global Clean Energy ETF 0.6 41 39 5.2 +0.2
FTWO Strive FAANG 2.0 ETF 0.6 49 31 4.3 -0.7
DARP Grizzle Growth ETF 0.6 75 5 2.9 -2.1
BINV Brandes International ETF 0.6 70 10 9.4 +4.4
OCEN IQ Clean Oceans ETF 0.6 45 35 6.0 +1.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.6 79 1 4.9 -0.1
TRFK Pacer Data and Digital Revolution ETF 0.6 60 20 3.0 -2.0
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 5 3.0 -2.0
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 21 5.0 -0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 48 9.3 +4.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 10 7.6 +2.6
GDXJ VanEck Junior Gold Miners ETF 0.6 52 28 4.8 -0.2
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 9.7 +4.7
BJK VanEck Gaming ETF 0.6 65 15 3.9 -1.1
DTEC ALPS Disruptive Technologies ETF 0.6 50 30 3.9 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 21 9.0 +4.0
FDD First Trust Stoxx European Select Dividend Index Fund 0.6 58 22 11.3 +6.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 47 8.6 +3.6
EWO iShares MSCI Austria ETF 0.6 50 30 10.7 +5.7
COPY Tweedy, Browne Insider + Value ETF 0.6 80 0 11.8 +6.8
PEX ProShares Global Listed Private Equity ETF 0.5 81 -1 10.7 +5.7
PSP Invesco Global Listed Private Equity ETF 0.5 106 -26 5.7 +0.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.5 75 5 3.1 -1.9
IVES Wedbush ETFMG Global Cloud Technology ETF 0.5 68 12 7.3 +2.3
ARTY iShares Future AI & Tech ETF 0.5 47 33 3.6 -1.4
AIVC Amplify Bloomberg AI Value Chain ETF 0.5 59 21 5.5 +0.5
NXTG First Trust Indxx NextG ETF 0.5 70 10 5.3 +0.3
ECON Columbia Emerging Markets Consumer ETF 0.5 49 31 12.6 +7.6
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 41 8.6 +3.6
GINX SGI Enhanced Global Income ETF 0.5 98 -18 7.1 +2.1
SSPX Janus Henderson U.S. Sustainable Equity ETF 0.5 55 25 4.2 -0.8
LOWV AB US Low Volatility Equity ETF 0.5 48 32 5.2 +0.1
PHO Invesco Water Resources ETF 0.5 60 20 4.3 -0.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 5.1 +0.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 41 11.0 +6.0
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 22 8.1 +3.1
DWX SPDR S&P International Dividend ETF 0.5 45 35 6.1 +1.1
NORW Global X MSCI Norway ETF 0.5 50 30 10.6 +5.6
ENOR iShares MSCI Norway ETF 0.5 53 27 10.9 +5.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 38 9.7 +4.7
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 35 6.1 +1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 0 10.6 +5.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 8.1 +3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 32 7.5 +2.5
EFNL iShares MSCI Finland ETF 0.4 56 24 7.1 +2.1
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 4.3 -0.8
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 73 10.3 +5.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 12 2.8 -2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.8 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 65 7.8 +2.8
UFO Procure Space ETF 0.3 75 5 0.2 -4.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 11.1 +6.1
RVRB Reverb ETF 0.2 30 50 4.5 -0.5
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 4.2 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 10 7.8 +2.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 45 18.6 +13.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 16.5 +11.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 56 8.2 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 10.7 +5.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.7 -1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 5.8 +0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 22 9.8 +4.8
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 36 12.2 +7.2
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 2.8 -2.2
GWX SPDR S&P International Small Cap ETF 0.0 40 40 6.0 +1.0

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 15.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.63
 
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.