Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 21.3x P/Sales
ratio		 2.7x
P/BV
ratio		 4.0x Div.
yield		 2.1%


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

FUND BASICS
Category International Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 28, 2007
Assets (mns) $535
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Momentum
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $45,462
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
TECHNOLOGY ONE LTD 3.0 %
ASML HOLDING NV 2.9 %
SAMSUNG TECHWIN CO LTD 2.7 %
BELIMO HOLDING AG 2.6 %
ABB LTD. 2.5 %
HYUNDAI ELECTRIC & ENERGY SYSTEMS 2.4 %
RHEINMETALL AG 2.3 %
FLUGHAFEN ZURICH AG 2.2 %
FUJIKURA LTD 2.2 %
SAMPO OYJ CLASS A 2.0 %
Total 24.9 %

TOP COUNTRY EXPOSURE
SWITZERLAND 13.9 %
CANADA 13.5 %
SOUTH KOREA 10.5 %
JAPAN 7.4 %
AUSTRALIA 7.2 %
BRITAIN 5.6 %
GERMANY 4.6 %
NETHERLANDS 4.2 %
ITALY 3.7 %
ISRAEL 3.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.3% 37.6% 11.2% 10.6% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.73 53%
MSCI EAFE 1.04 79%
MSCI Emg. Mkts. 0.84 60%

Technical Indicators
Recent close $55.44
30d moving avg. $52.60
Annualized volatility 15.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 140
Turnover 1.5%
Bid/Ask (% of price) 0.63%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 464 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™: 3.3%


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
(%)
INTF iShares International Equity Factor ETF 17.6 15 65 6.2 +2.9
STXI Strive International Developed Markets ETF 16.1 29 51 5.4 +2.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.0 12 68 5.0 +1.7
IDMO Invesco S&P International Developed Momentum ETF 15.7 25 55 5.0 +1.7
JIVE JPMorgan International Value ETF 15.7 55 25 8.1 +4.8
IQLT iShares MSCI Intl Quality Factor ETF 15.5 30 50 5.2 +1.9
EFG iShares MSCI EAFE Growth ETF 15.2 36 44 3.6 +0.3
ESGD iShares ESG Aware MSCI EAFE ETF 14.4 20 60 5.5 +2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.2 25 55 5.9 +2.6
IEV iShares Europe ETF 14.2 67 13 5.5 +2.2
VGK Vanguard FTSE Europe ETF 13.9 6 74 6.2 +2.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 13.9 20 60 5.3 +2.0
IEUR iShares Core MSCI Europe ETF 13.8 11 69 6.0 +2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.7 25 55 6.0 +2.7
EFA iShares MSCI EAFE ETF 13.5 35 45 5.5 +2.2
SPEU SPDR Portfolio Europe ETF 13.5 7 73 6.1 +2.8
FLEE Franklin FTSE Europe ETF 13.5 9 71 6.0 +2.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 13.4 35 45 5.4 +2.1
BBEU JPMorgan BetaBuilders Europe ETF 13.3 9 71 5.9 +2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.2 46 34 5.4 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 12.9 12 68 4.8 +1.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.6 30 50 5.8 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 12.5 4 76 5.8 +2.5
VEA Vanguard FTSE Developed Markets ETF 12.2 3 77 5.8 +2.5
FENI Fidelity Enhanced International ETF 12.2 28 52 5.5 +2.2
BKIE BNY Mellon International Equity ETF 12.2 4 76 5.7 +2.4
IEFA iShares Core MSCI EAFE ETF 12.0 7 73 5.8 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 12.0 3 77 5.7 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 11.9 20 60 5.6 +2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.9 36 44 5.3 +2.0
SCHF Schwab International Equity ETF 11.9 6 74 5.8 +2.5
JIRE JPMorgan International Research Enhanced Equity ETF 11.8 24 56 5.5 +2.2
HFXI IQ FTSE International Equity Currency Neutral ETF 11.8 20 60 5.5 +2.2
QINT American Century Quality Diversified International ETF 11.7 39 41 6.3 +3.0
EZU iShares MSCI Eurozone ETF 11.7 52 28 5.3 +2.0
UIVM VictoryShares International Value Momentum ETF 11.6 35 45 7.8 +4.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.5 45 35 5.5 +2.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 11.4 48 32 4.5 +1.2
TPIF Timothy Plan International ETF 11.4 62 18 5.2 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.4 42 38 3.8 +0.5
FDEV Fidelity International Multifactor ETF 11.4 18 62 6.8 +3.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.3 58 22 5.1 +1.8
IDHQ Invesco S&P International Developed High Quality ETF 11.2 29 51 5.2 +1.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 11.2 80 0 6.3 +3.0
IQSI IQ Candriam International Equity ETF 11.1 15 65 5.3 +2.0
FRGN Horizon International Equity ETF 11.1 75 5 7.8 +4.5
IQDG WisdomTree International Quality Dividend Growth Fund 11.0 42 38 5.3 +2.0
JHMD John Hancock Multifactor Developed International ETF 11.0 39 41 5.9 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 11.0 24 56 5.3 +2.0
IMFL Invesco International Developed Dynamic Multifactor ETF 10.8 34 46 4.8 +1.5
CWI SPDR MSCI ACWI ex-US ETF 10.5 30 50 6.2 +2.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.5 32 48 5.0 +1.7
CGIE Capital Group International Equity ETF 10.4 54 26 4.3 +1.0
DOL WisdomTree International LargeCap Dividend Fund 10.4 48 32 5.5 +2.2
CIL VictoryShares International Volatility Wtd ETF 10.4 45 35 5.7 +2.4
FEP First Trust Europe AlphaDEX Fund 10.2 80 0 6.5 +3.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 10.2 20 60 5.3 +2.0
DIVI Franklin International Core Dividend Tilt Index ETF 10.1 9 71 6.4 +3.1
DFAI Dimensional International Core Equity Market ETF 10.1 18 62 5.7 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 10.0 34 46 6.2 +2.9
TTAI FCF International Quality ETF 9.9 59 21 6.5 +3.2
FEUZ First Trust Eurozone AlphaDEX ETF 9.8 80 0 6.2 +2.9
DWM WisdomTree International Equity Fund 9.7 48 32 5.3 +2.0
FIVA Fidelity International Value Factor ETF 9.7 18 62 7.1 +3.8
EUFN iShares MSCI Europe Financials ETF 9.7 51 29 6.8 +3.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 9.7 14 66 5.1 +1.8
AVSD Avantis Responsible International Equity ETF 9.6 23 57 5.7 +2.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.6 58 22 5.9 +2.6
DIHP Dimensional International High Profitability ETF 9.6 29 51 5.4 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.6 40 40 5.4 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 9.5 4 76 6.5 +3.2
JIG JPMorgan International Growth ETF 9.5 55 25 3.5 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 9.5 83 -3 7.3 +4.0
VSGX Vanguard ESG International Stock ETF 9.2 10 70 6.4 +3.1
VXUS Vanguard Total International Stock ETF 9.1 5 75 6.4 +3.1
AVIV Avantis International Large Cap Value ETF 9.1 25 55 6.6 +3.3
FICS First Trust International Developed Capital Strength ETF 9.0 70 10 6.3 +3.0
IXUS iShares Core MSCI Total International Stock ETF 9.0 7 73 6.4 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.0 41 39 6.0 +2.7
EXI iShares Global Industrials ETF 9.0 42 38 3.4 +0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 9.0 55 25 5.3 +2.0
AVDE Avantis International Equity ETF 8.9 23 57 5.9 +2.6
IVSI Applied Finance IVS International LrgETF 8.9 65 15 5.8 +2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.9 29 51 6.9 +3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.8 18 62 6.2 +2.9
JHID John Hancock International High Dividend ETF 8.6 46 34 7.7 +4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.6 50 30 5.4 +2.1
DFIC Dimensional International Core Equity 2 ETF 8.5 23 57 5.9 +2.6
UMMA Wahed Dow Jones Islamic World ETF 8.4 65 15 3.6 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.4 39 41 5.9 +2.6
FEZ SPDR EURO STOXX 50 ETF 8.1 29 51 5.4 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.1 39 41 6.6 +3.3
HEDJ WisdomTree Europe Hedged Equity Fund 7.9 58 22 5.8 +2.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.6 24 56 6.4 +3.1
EFV iShares MSCI EAFE Value ETF 7.6 34 46 7.2 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.6 45 35 6.6 +3.3
EWC iShares MSCI Canada ETF 7.6 50 30 5.0 +1.7
VYMI Vanguard International High Dividend Yield ETF 7.5 17 63 7.7 +4.4
PIEL Pacer International Export Leaders ETF 7.5 60 20 3.9 +0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 7.5 37 43 6.7 +3.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 7.5 22 58 5.4 +2.1
WRND IQ Global Equity R&D Leaders ETF 7.4 18 62 4.0 +0.7
IVLU iShares MSCI Intl Value Factor ETF 7.3 30 50 7.7 +4.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 7.3 65 15 3.9 +0.6
EWL iShares MSCI Switzerland ETF 7.2 50 30 5.0 +1.7
IXG iShares Global Financials ETF 7.1 42 38 6.2 +2.9
CGXU Capital Group International Focus Equity ETF 6.9 54 26 3.8 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 6.9 31 49 5.3 +2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 6.8 58 22 3.5 +0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.8 30 50 6.1 +2.8
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 33 7.4 +4.1
DXIV Dimensional International Vector Equity ETF 6.6 34 46 6.3 +3.0
IDLV Invesco S&P International Developed Low Volatility ETF 6.5 25 55 5.9 +2.6
GLOF iShares Global Equity Factor ETF 6.4 20 60 5.6 +2.3
IPKW Invesco International BuyBack Achievers ETF 6.3 55 25 7.7 +4.4
PPIE Putnam PanAgora ESG International Equity ETF 6.3 49 31 6.1 +2.8
VIGI Vanguard International Dividend Appreciation ETF 6.2 10 70 5.8 +2.5
PATN Pacer Nasdaq International Patent Leaders ETF 6.2 65 15 4.4 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 6.2 25 55 7.3 +4.0
DIM WisdomTree International MidCap Dividend Fund 6.1 58 22 5.9 +2.6
SHLD Global X Defense Tech ETF 6.1 50 30 2.5 -0.9
FLCA Franklin FTSE Canada ETF 6.0 9 71 5.4 +2.1
IGRO iShares International Dividend Growth ETF 6.0 15 65 6.4 +3.1
VPL Vanguard FTSE Pacific ETF 5.9 7 73 5.2 +1.9
IPAC iShares Core MSCI Pacific ETF 5.9 9 71 5.3 +2.0
IMOM Alpha Architect International Quantitative Momentum ETF 5.9 49 31 3.9 +0.6
VWID Virtus WMC International Dividend ETF 5.8 49 31 7.0 +3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.6 47 33 7.3 +4.0
DWMF WisdomTree International Multifactor Fund 5.6 38 42 6.3 +3.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.6 80 0 6.9 +3.6
AQLT iShares MSCI Global Quality Factor ETF 5.6 18 62 0.0 -3.3
DFIV Dimensional International Value ETF 5.6 27 53 7.5 +4.2
OSEA Harbor International Compounders ETF 5.6 55 25 3.9 +0.6
FIDI Fidelity International High Dividend ETF 5.4 18 62 6.9 +3.6
PIO Invesco Global Water ETF 5.4 75 5 3.8 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.3 25 55 5.3 +2.0
CGGO Capital Group Global Growth Equity ETF 5.3 47 33 4.2 +0.9
JPXN iShares JPX-Nikkei 400 ETF 5.3 48 32 5.2 +1.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.2 80 0 5.1 +1.8
FLKR Franklin FTSE South Korea ETF 5.2 9 71 4.8 +1.5
BBCA JPMorgan BetaBuilders Canada ETF 5.2 19 61 5.3 +2.0
WLDR Affinity World Leaders Equity ETF 5.1 67 13 6.3 +3.0
EWJ iShares MSCI Japan ETF 5.1 50 30 4.8 +1.5
DTH WisdomTree International High Dividend Fund 5.1 58 22 7.0 +3.7
FLSW Franklin FTSE Switzerland ETF 5.0 9 71 5.3 +2.0
BKCI BNY Mellon Concentrated International ETF 4.9 80 0 4.6 +1.3
INEQ Columbia International Equity Income ETF 4.9 45 35 7.3 +4.0
DGT State Street SPDR Global Dow ETF 4.9 50 30 5.6 +2.3
KNO AXS Knowledge Leaders ETF 4.8 78 2 4.2 +0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.8 12 68 4.5 +1.2
BBJP JPMorgan BetaBuilders Japan ETF 4.8 19 61 5.1 +1.8
QWLD SPDR MSCI World StrategicFactors ETF 4.8 30 50 5.0 +1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.8 47 33 4.7 +1.4
NATO Themes Transatlantic Defense ETF 4.8 35 45 1.6 -1.7
IEUS iShares MSCI Europe Small-Cap ETF 4.8 42 38 6.4 +3.1
VIDI Vident International Equity Strategy ETF 4.8 61 19 8.1 +4.8
EWY iShares MSCI South Korea ETF 4.7 58 22 3.8 +0.5
FLJP Franklin FTSE Japan ETF 4.7 9 71 5.2 +1.9
FLJH Franklin FTSE Japan Hedged ETF 4.6 9 71 5.1 +1.8
SAGP Strategas Global Policy Opportunities ETF 4.6 65 15 4.5 +1.2
WWJD Inspire International ETF 4.5 80 0 5.9 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.5 49 31 5.7 +2.4
FSZ First Trust Switzerland AlphaDEX Fund 4.5 80 0 4.7 +1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 4.4 29 51 7.3 +4.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.3 25 55 5.5 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.3 65 15 7.6 +4.3
TBLU Tortoise Global Water ESG ETF 4.2 40 40 4.0 +0.7
GDFN Tema International Defense Innov ETF 4.2 75 5 2.4 -0.9
GEW Cambria Global EW ETF 4.2 29 51 5.3 +2.0
EWN iShares MSCI Netherlands ETF 4.1 50 30 4.6 +1.3
URTH iShares MSCI World ETF 4.1 24 56 4.4 +1.1
DEW WisdomTree Global High Dividend Fund 4.1 58 22 7.1 +3.8
RING iShares MSCI Global Gold Miners ETF 4.1 39 41 2.5 -0.8
OAIM OneAscent International Equity ETF 3.9 95 -15 4.5 +1.2
FEOE First Eagle Overseas Equity ETF 3.9 79 1 5.7 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 3.9 10 70 5.0 +1.7
DFIS Dimensional International Small Cap ETF 3.9 39 41 5.8 +2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 4.9 +1.6
MEM Matthews Emerging Markets Equity Active ETF 3.8 79 1 8.2 +4.9
MOTI VanEck Morningstar International Moat ETF 3.8 58 22 8.7 +5.4
ACWI iShares MSCI ACWI ETF 3.8 32 48 4.7 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.8 9 71 7.3 +4.0
TOK iShares MSCI Kokusai ETF 3.8 26 54 4.3 +1.0
AVDV Avantis International Small Cap Value ETF 3.8 36 44 7.3 +4.0
EWI iShares MSCI Italy ETF 3.7 50 30 10.0 +6.7
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 3.7 60 20 3.3 -0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.7 20 60 4.7 +1.4
ISRA VanEck Israel ETF 3.7 59 21 5.9 +2.6
FLGB Franklin FTSE United Kingdom ETF 3.7 9 71 6.4 +3.1
EWG iShares MSCI Germany ETF 3.7 50 30 5.5 +2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 3.7 42 38 4.2 +0.9
IXN iShares Global Tech ETF 3.7 41 39 3.1 -0.2
ITOL Tema International Durable Quality ETF 3.6 60 20 4.7 +1.4
FLGR Franklin FTSE Germany ETF 3.6 9 71 6.1 +2.8
IBOT Vaneck Robotics ETF 3.6 47 33 3.3 0.0
EWU iShares MSCI United Kingdom ETF 3.5 50 30 6.7 +3.4
VT Vanguard Total World Stock ETF 3.5 6 74 5.0 +1.7
SLVP iShares MSCI Global Silver Miners ETF 3.5 39 41 2.8 -0.5
ISCF iShares International SmallCap Equity Factor ETF 3.4 23 57 6.9 +3.6
CGW Invesco S&P Global Water Index ETF 3.4 57 23 4.0 +0.7
JSTC Adasina Social Justice All Cap Global ETF 3.4 89 -9 4.4 +1.1
SCHC Schwab International Small-Cap Equity ETF 3.3 11 69 6.2 +2.9
AIVC Amplify Bloomberg AI Value Chain ETF 3.3 59 21 4.8 +1.5
GOEX Global X Gold Explorers ETF 3.3 65 15 1.3 -2.0
DAX Global X DAX Germany ETF 3.3 21 59 5.7 +2.4
JADE JPMorgan Active Developing Markets Equity ETF 3.3 65 15 6.0 +2.7
KOKU Xtrackers MSCI Kokusai Equity ETF 3.3 9 71 4.4 +1.1
SGDM Sprott Gold Miners ETF 3.3 50 30 2.0 -1.3
DXJ WisdomTree Japan Hedged Equity Fund 3.2 48 32 5.2 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 3.2 39 41 6.5 +3.2
KOCG FIS Knights of Columbus Global Belief ETF 3.1 75 5 4.3 +1.0
FEGE First Eagle Global Equity ETF 3.1 79 1 5.6 +2.3
AUMI Themes Gold Miners ETF 3.1 35 45 2.2 -1.1
SNSR Global X Internet of Things ETF 3.1 68 12 3.9 +0.6
VOLT Tema Electrification ETF 3.1 75 5 2.5 -0.8
RCGE RockCreek Global Equality ETF 3.0 95 -15 5.9 +2.6
EMM Global X Emerging Markets ex-China ETF 3.0 75 5 4.9 +1.6
EIS iShares MSCI Israel ETF 3.0 58 22 6.4 +3.1
EDEN iShares MSCI Denmark ETF 3.0 53 27 6.4 +3.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.0 58 22 7.3 +4.0
TINY ProShares Nanotechnology ETF 2.9 58 22 1.5 -1.8
LOUP Innovator Deepwater Frontier Tech ETF 2.9 70 10 1.0 -2.3
IOO iShares Global 100 ETF 2.9 41 39 3.9 +0.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 10 3.8 +0.5
RAYJ Rayliant SMDAM Japan Equity ETF 2.8 72 8 3.0 -0.3
SCZ iShares MSCI EAFE Small-Cap ETF 2.8 40 40 5.9 +2.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.7 8 72 6.0 +2.7
NUKZ Range Nuclear Renaissance Index ETF 2.7 85 -5 1.1 -2.2
EPP iShares MSCI Pacific ex-Japan ETF 2.7 47 33 4.7 +1.4
NANR SPDR S&P North American Natural Resources ETF 2.7 35 45 6.0 +2.7
EWS iShares MSCI Singapore ETF 2.7 50 30 4.1 +0.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.6 45 35 -0.9 -4.2
FJP First Trust Japan AlphaDEX Fund 2.6 80 0 6.7 +3.4
FKU First Trust United Kingdom AlphaDEX Fund 2.6 80 0 6.6 +3.3
PBD Invesco Global Clean Energy ETF 2.6 75 5 0.3 -3.0
EWP iShares MSCI Spain ETF 2.6 50 30 5.7 +2.4
BOTZ Global X Robotics & Artificial Intelligence ETF 2.5 69 11 1.7 -1.6
IBAT iShares Energy Storage & Materials ETF 2.5 47 33 1.8 -1.5
IDRV iShares Self-driving EV & Tech ETF 2.5 47 33 1.2 -2.1
SHPP Pacer Industrials and Logistics ETF 2.5 60 20 6.7 +3.4
RSHO Tema American Reshoring ETF 2.5 75 5 3.5 +0.2
LVHI Franklin International Low Volatility High Dividend Index ET 2.5 40 40 7.3 +4.0
EWUS iShares MSCI United Kingdom Small Cap ETF 2.5 59 21 6.8 +3.5
MINV Matthews Asia Innovators Active ETF 2.4 79 1 6.0 +2.7
JETS U.S. Global Jets ETF 2.4 60 20 2.3 -1.0
IDV iShares International Select Dividend ETF 2.3 51 29 8.7 +5.4
EFNL iShares MSCI Finland ETF 2.3 56 24 5.9 +2.6
AIVI WisdomTree International AI Enhanced Value Fund 2.3 58 22 5.9 +2.6
BLES Inspire Global Hope ETF 2.3 61 19 5.7 +2.4
XT iShares Exponential Technologies ETF 2.3 46 34 4.1 +0.8
FGM First Trust Germany AlphaDEX Fund 2.3 80 0 4.4 +1.1
GREK Global X MSCI Greece ETF 2.3 57 23 9.2 +5.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.3 58 22 5.4 +2.1
GLBL Pacer MSCI World Industry Advantage ETF 2.2 65 15 3.6 +0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 2.2 55 25 5.4 +2.1
EWD iShares MSCI Sweden ETF 2.2 54 26 4.7 +1.4
FDD First Trust Stoxx European Select Dividend Index Fund 2.2 58 22 9.7 +6.4
FLAU Franklin FTSE Australia ETF 2.2 9 71 5.5 +2.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.2 19 61 5.0 +1.7
HYP Golden Eagle Dynamic Hypergrowth ETF 2.2 85 -5 -0.8 -4.1
SRVR Pacer Data & Infrastructure Real Estate ETF 2.2 55 25 3.7 +0.4
IGF iShares Global Infrastructure ETF 2.2 41 39 4.0 +0.7
GII SPDR S&P Global Infrastructure ETF 2.2 40 40 4.0 +0.7
GCOW Pacer Global Cash Cows Dividend ETF 2.1 60 20 8.8 +5.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.1 65 15 7.5 +4.2
AVDS Avantis International Small Cap Equity ETF 2.0 30 50 5.7 +2.4
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 39 4.9 +1.6
HART IQ Healthy Hearts ETF 2.0 45 35 5.6 +2.3
EYLD Cambria Emerging Shareholder Yield ETF 2.0 66 14 9.0 +5.7
QTUM Defiance Quantum ETF 2.0 40 40 4.5 +1.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.0 85 -5 2.6 -0.7
BCDF Horizon Kinetics Blockchain Development ETF 2.0 85 -5 3.7 +0.4
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 4.2 +0.9
SCHY Schwab International Dividend Equity ETF 1.9 14 66 7.8 +4.5
CGDG Capital Group Dividend Growers ETF 1.9 47 33 4.9 +1.6
RW Rainwater Equity ETF 1.9 125 -45 2.6 -0.7
RGEF Rockefeller Global Equity ETF 1.9 55 25 3.8 +0.5
EIRL iShares MSCI Ireland ETF 1.8 50 30 7.2 +3.9
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 28 7.1 +3.8
GDX VanEck Gold Miners ETF 1.8 51 29 2.0 -1.3
AUAU Global X Gold Miners ETF 1.8 35 45 1.8 -1.5
JGLO JPMorgan Global Select Equity ETF 1.8 33 47 4.2 +0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 10 7.0 +3.7
URA Global X Uranium ETF 1.7 69 11 0.6 -2.7
IXJ iShares Global Healthcare ETF 1.7 42 38 5.7 +2.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 60 5.5 +2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 1.6 75 5 6.0 +2.7
EBLU Ecofin Global Water ESG Fund 1.6 40 40 4.0 +0.7
AVES Avantis Emerging Markets Value ETF 1.6 36 44 8.4 +5.1
FYLD Cambria Foreign Shareholder Yield ETF 1.6 59 21 10.1 +6.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.6 19 61 7.2 +3.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.6 33 47 6.8 +3.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -8 7.9 +4.6
RXI iShares Global Consumer Discretionary ETF 1.6 41 39 7.4 +4.1
EWA iShares MSCI Australia ETF 1.6 50 30 5.0 +1.7
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 20 7.5 +4.2
WDNA WisdomTree BioRevolution Fund 1.5 45 35 -2.3 -5.6
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 15 3.3 -0.0
AGNG Global X Aging Population ETF 1.5 50 30 3.8 +0.5
HRTS Tema Heart & Health ETF 1.5 75 5 2.7 -0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 48 4.8 +1.5
IQRA IQ CBRE Real Assets ETF 1.4 65 15 5.5 +2.2
STXE Strive Emerging Markets Ex-China ETF 1.4 32 48 5.5 +2.2
EMC Global X Emerging Markets Great Consumer ETF 1.4 75 5 7.0 +3.7
XCEM Columbia EM Core ex-China ETF 1.4 16 64 5.1 +1.8
WSML iShares MSCI World Small-Cap ETF 1.3 15 65 5.3 +2.0
AKAF The Frontier Economic Fund 1.3 20 60 5.0 +1.7
PID Invesco International Dividend Achievers ETF 1.3 53 27 3.9 +0.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.3 49 31 7.8 +4.5
GSIB Themes Global Systemically Important Banks ETF 1.3 35 45 8.7 +5.4
DRNZ REX Drone ETF 1.3 65 15 -1.6 -4.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 55 5.2 +1.9
FDHT Fidelity Digital Health ETF 1.3 39 41 1.7 -1.6
HEAL Global X HealthTech ETF 1.3 50 30 -1.4 -4.7
FPXI First Trust International Equity Opportunities ETF 1.3 70 10 3.8 +0.5
AIA iShares Asia 50 ETF 1.3 50 30 8.4 +5.1
WDIV SPDR S&P Global Dividend ETF 1.3 40 40 8.8 +5.5
GVAL Cambria Global Value ETF 1.3 68 12 8.6 +5.3
ECON Columbia Emerging Markets Consumer ETF 1.2 49 31 6.8 +3.5
AIQ Global X Artificial Intelligence & Technology ETF 1.2 68 12 3.3 -0.0
SILJ ETFMG Prime Junior Silver Miners ETF 1.2 69 11 0.1 -3.2
AGMI Themes Silver Miners ETF 1.2 35 45 2.9 -0.4
GDXJ VanEck Junior Gold Miners ETF 1.2 52 28 1.9 -1.4
ARTY iShares Future AI & Tech ETF 1.2 47 33 3.2 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 44 6.0 +2.7
DTAN Sparkline International Intangible Value ETF 1.2 55 25 6.8 +3.5
AGIX KraneShares Artificial Intelligence and Technology ETF 1.2 99 -19 1.5 -1.9
MXI iShares Global Materials ETF 1.2 41 39 5.5 +2.2
FAN First Trust Global Wind Energy ETF 1.1 60 20 2.8 -0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 30 8.0 +4.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 31 7.6 +4.3
JEDI Defiance Drone and Modern Warfare ETF 1.1 69 11 1.3 -2.1
NXTG First Trust Indxx NextG ETF 1.1 70 10 4.4 +1.1
EWJV iShares MSCI Japan Value ETF 1.1 15 65 6.6 +3.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 50 8.0 +4.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 35 8.0 +4.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.0 46 34 4.9 +1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -15 10.0 +6.7
BULD Pacer BlueStar Engineering the Future ETF 1.0 60 20 0.4 -3.0
GNR SPDR S&P Global Natural Resources ETF 1.0 40 40 8.0 +4.7
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 55 8.9 +5.6
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 25 6.1 +2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.0 33 47 6.2 +2.9
DISV Dimensional International Small Cap Value ETF 1.0 42 38 7.7 +4.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 44 7.5 +4.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 48 7.4 +4.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 14 7.3 +4.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 65 7.9 +4.6
EEM iShares MSCI Emerging Markets ETF 1.0 69 11 7.7 +4.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 69 7.8 +4.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 39 6.7 +3.4
AVEM Avantis Emerging Markets Equity ETF 0.9 33 47 7.0 +3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 15 1.5 -1.8
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 64 6.8 +3.5
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 63 11.3 +8.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.9 75 5 2.3 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 71 8.1 +4.8
KNCT Invesco Next Gen Connectivity ETF 0.8 40 40 3.8 +0.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.8 53 27 5.3 +2.0
FDNI First Trust Dow Jones International Internet ETF 0.8 65 15 21.0 +17.7
CZAR Themes Natural Monopoly ETF 0.8 35 45 5.2 +1.9
GINX SGI Enhanced Global Income ETF 0.8 98 -18 6.5 +3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 42 6.9 +3.6
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 45 6.9 +3.6
EIPI FT Energy Income Partners Enhanced Income ETF 0.7 110 -30 5.3 +2.0
EIPX FT Energy Income Partners Strategy ETF 0.7 95 -15 5.9 +2.6
ABLD Abacus FCF Real Assets Leaders ETF 0.7 69 11 5.8 +2.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 1 6.5 +3.2
ASEA Global X FTSE Southeast Asia ETF 0.7 65 15 5.1 +1.8
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 31 6.6 +3.3
TRFK Pacer Data and Digital Revolution ETF 0.7 60 20 2.8 -0.5
POW VistaShares Electrification Supercycle ETF 0.7 75 5 2.3 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 21 8.3 +5.0
KXI iShares Global Consumer Staples ETF 0.7 41 39 4.8 +1.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 45 3.7 +0.4
TOLL Tema Durable Quality ETF 0.7 75 5 3.9 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 50 7.7 +4.4
FDTX Fidelity Disruptive Technology ETF 0.7 50 30 2.1 -1.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.7 68 12 0.7 -2.6
BAI iShares AI Innovation and Tech Active ETF 0.7 55 25 1.2 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 31 7.5 +4.2
FTWO Strive FAANG 2.0 ETF 0.7 49 31 3.5 +0.2
DARP Grizzle Growth ETF 0.7 75 5 1.7 -1.6
KLMN Invesco MSCI North America Climate ETF 0.7 9 71 4.4 +1.1
ITEQ BlueStar Israel Technology ETF 0.7 75 5 1.3 -2.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 5.8 +2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 9.2 +5.9
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 5 4.0 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 24 9.3 +6.0
EFAS Global X MSCI SuperDividend EAFE ETF 0.6 57 23 7.3 +4.0
ARGT Global X MSCI Argentina ETF 0.6 59 21 3.1 -0.2
FFTY Innovator IBD 50 ETF 0.6 80 0 -0.1 -3.4
LST Leuthold Select Industries ETF 0.6 91 -11 4.9 +1.6
GPT Intelligent Alpha Atlas ETF 0.6 69 11 6.0 +2.7
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 47 6.6 +3.3
EWK iShares MSCI Belgium ETF 0.6 50 30 3.7 +0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 36 8.8 +5.5
SIL Global X Silver Miners ETF 0.6 65 15 1.1 -2.2
PSP Invesco Global Listed Private Equity ETF 0.6 106 -26 6.3 +3.0
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 11.1 +7.8
AAUM Tema Alternative Asset Managers ETF 0.6 99 -19 4.9 +1.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.6 60 20 1.4 -1.9
IXC iShares Global Energy ETF 0.6 44 36 7.7 +4.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.6 48 32 8.5 +5.2
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 4.7 +1.4
CLNR IQ Cleaner Transport ETF 0.5 45 35 3.9 +0.6
OCEN IQ Clean Oceans ETF 0.5 45 35 4.5 +1.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 3.6 +0.3
EWQ iShares MSCI France ETF 0.5 53 27 6.0 +2.7
AIS VistaShares Artificial Intelligence Supercycle ETF 0.5 75 5 1.6 -1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 21 2.4 -0.9
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 55 8.2 +4.9
DTEC ALPS Disruptive Technologies ETF 0.5 50 30 3.7 +0.4
EWO iShares MSCI Austria ETF 0.5 50 30 7.7 +4.4
DINT Davis Select International ETF 0.5 55 25 5.8 +2.5
DWLD Davis Select Worldwide ETF 0.5 63 17 6.6 +3.3
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 22 7.0 +3.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 4.5 +1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.5 70 10 8.9 +5.6
IVAL Alpha Architect International Quantitative Value ETF 0.5 49 31 7.2 +3.9
FRDM Freedom 100 Emerging Markets ETF 0.5 49 31 5.5 +2.2
FINX Global X FinTech ETF 0.5 68 12 3.0 -0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 65 8.7 +5.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 55 6.3 +3.0
BJK VanEck Gaming ETF 0.5 65 15 4.1 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 34 7.3 +4.0
ICLN iShares Global Clean Energy ETF 0.4 41 39 1.9 -1.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 41 7.9 +4.6
GINN Goldman Sachs Innovate Equity ETF 0.4 52 28 3.8 +0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 56 5.4 +2.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.4 75 5 6.3 +3.0
IQM Franklin Intelligent Machines ETF 0.4 50 30 1.2 -2.1
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 36 7.7 +4.4
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 3.3 0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 51 6.5 +3.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 38 7.3 +4.0
RVRB Reverb ETF 0.3 30 50 4.0 +0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 0 8.3 +5.0
DFEV Dimensional Emerging Markets Value ETF 0.3 43 37 9.6 +6.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 4.8 +1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 10 6.1 +2.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 41 3.6 +0.3
GXC SPDR S & P China ETF 0.2 59 21 16.2 +12.9
VEXC Vanguard Emerging Markets Ex-China ETF 0.2 7 73 5.6 +2.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 20 8.2 +4.9
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 9.0 +5.7
FLCH Franklin FTSE China ETF 0.2 19 61 15.6 +12.3
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 30 5.3 +2.0
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 73 8.8 +5.5
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 4.9 +1.6
HAP VanEck Natural Resources ETF 0.2 50 30 6.4 +3.1
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 67 1.8 -1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 41 13.2 +9.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 55 10.1 +6.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.0 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 4.5 +1.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 65 5.6 +2.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 60 4.2 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 31 8.4 +5.1
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 9.1 +5.8
GVLU Gotham 1000 Value ETF 0.1 50 30 8.0 +4.7
WSGE Warren Street Global Equity ETF 0.1 80 0 2.8 -0.5
VFVA Vanguard U.S. Value Factor ETF 0.1 13 67 9.4 +6.1
GWX SPDR S&P International Small Cap ETF 0.0 40 40 5.6 +2.3

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%.

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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 16.2 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.64
 
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.