Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 3.2% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 17.6x P/Sales
ratio		 1.9x
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) $165
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 99
Wgt avg mkt cap (mns) $46,630
Large cap (>$10bn) 70.9%
Mid cap ($2-10bn) 29.1%
Small cap (<$2bn) 0.0%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
INTERCONTINENTAL HOTELS GROUP PLC 3.3 %
REA GROUP LTD 3.0 %
CONSTELLATION SOFTWARE INC 3.0 %
DESCARTES SYSTEMS GRP/THE 2.8 %
BELIMO HOLDING AG 2.5 %
FLUGHAFEN ZURICH AG 2.3 %
DOLLARAMA INC 2.2 %
NOVO NORDISK A/S-B 2.1 %
MIZRAHI TEFAHOT BANK LTD 2.1 %
DIPLOMA PLC 2.1 %
Total 25.3 %

TOP COUNTRY EXPOSURE
CANADA 18.7 %
BRITAIN 14.9 %
SWITZERLAND 11.5 %
JAPAN 8.4 %
AUSTRALIA 7.4 %
GERMANY 6.0 %
SWEDEN 5.7 %
SOUTH KOREA 4.5 %
ITALY 3.8 %
FRANCE 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.2% 35.1% 7.9% 5.6% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 1.12 86%
MSCI EAFE 1.09 84%
MSCI Emg. Mkts. 0.87 53%

Technical Indicators
Recent close $37.15
30d moving avg. $37.51
Annualized volatility 20.9%
Short interest (ETF) 1.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 52
Turnover 1.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $11,429

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 450 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™: 3.2%


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
(%)
IDMO Invesco S&P International Developed Momentum ETF 23.2 25 55 5.9 +2.7
IMTM iShares MSCI Intl Momentum Factor ETF 20.9 30 50 6.3 +3.1
INTF iShares International Equity Factor ETF 18.3 15 65 8.2 +5.0
STXI Strive International Developed Markets ETF 18.2 29 51 6.9 +3.7
IMFL Invesco International Developed Dynamic Multifactor ETF 17.2 34 46 5.9 +2.7
IEV iShares Europe ETF 17.0 67 13 6.6 +3.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.8 12 68 5.9 +2.7
EFG iShares MSCI EAFE Growth ETF 16.7 36 44 4.5 +1.3
IQLT iShares MSCI Intl Quality Factor ETF 16.7 30 50 6.2 +3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.5 25 55 7.2 +4.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.4 20 60 6.5 +3.3
TTAI FCF International Quality ETF 16.2 59 21 5.6 +2.4
DMXF iShares ESG Advanced MSCI EAFE ETF 16.1 12 68 5.5 +2.4
EFA iShares MSCI EAFE ETF 16.0 35 45 6.9 +3.7
IMOM Alpha Architect International Quantitative Momentum ETF 16.0 49 31 5.7 +2.5
SPEU SPDR Portfolio Europe ETF 16.0 7 73 7.1 +3.9
IEUR iShares Core MSCI Europe ETF 15.9 11 69 7.1 +3.9
VGK Vanguard FTSE Europe ETF 15.9 11 69 7.1 +3.9
BBEU JPMorgan BetaBuilders Europe ETF 15.6 9 71 7.1 +3.9
BKIE BNY Mellon International Equity ETF 15.6 4 76 7.1 +3.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.4 46 34 6.5 +3.3
IDEV iShares Core MSCI International Developed Markets ETF 15.3 4 76 7.1 +3.9
IDHQ Invesco S&P International Developed High Quality ETF 15.3 29 51 6.5 +3.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 15.0 25 55 7.2 +4.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.9 36 44 6.6 +3.4
GSID Goldman Sachs MarketBeta International Equity ETF 14.9 20 60 7.0 +3.8
IEFA iShares Core MSCI EAFE ETF 14.7 7 73 7.1 +4.0
ESGD iShares ESG Aware MSCI EAFE ETF 14.7 20 60 6.9 +3.7
FDEV Fidelity International Multifactor ETF 14.7 18 62 7.8 +4.6
HFXI IQ FTSE International Equity Currency Neutral ETF 14.6 20 60 7.1 +3.9
SPDW SPDR Portfolio Developed World ex-US ETF 14.6 3 77 7.2 +4.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 14.6 20 60 6.9 +3.7
VEA Vanguard FTSE Developed Markets ETF 14.6 5 75 7.3 +4.1
SCHF Schwab International Equity ETF 14.6 6 74 7.5 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.2 39 41 7.5 +4.4
QINT American Century Quality Diversified International ETF 14.2 39 41 7.7 +4.5
FLEE Franklin FTSE Europe ETF 14.1 9 71 7.2 +4.0
DFSI Dimensional International Sustainability Core 1 ETF 14.1 24 56 6.5 +3.3
DFAI Dimensional International Core Equity Market ETF 14.1 18 62 7.3 +4.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 14.0 30 50 7.3 +4.1
CIL VictoryShares International Volatility Wtd ETF 13.9 45 35 7.0 +3.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 13.8 80 0 9.1 +5.9
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 13.8 51 29 7.1 +3.9
TPIF Timothy Plan International ETF 13.3 62 18 6.8 +3.6
JHMD John Hancock Multifactor Developed International ETF 13.2 39 41 7.8 +4.6
JIRE JPMorgan International Research Enhanced Equity ETF 13.1 24 56 7.1 +3.9
IDLV Invesco S&P International Developed Low Volatility ETF 13.0 25 55 6.2 +3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.0 14 66 6.2 +3.0
DOL WisdomTree International LargeCap Dividend Fund 12.9 48 32 7.9 +4.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 12.9 32 48 6.0 +2.8
VIGI Vanguard International Dividend Appreciation ETF 12.9 15 65 6.4 +3.2
FICS First Trust International Developed Capital Strength ETF 12.8 70 10 5.3 +2.1
DIHP Dimensional International High Profitability ETF 12.6 29 51 7.6 +4.5
ACWX iShares MSCI ACWI ex U.S. ETF 12.6 34 46 7.0 +3.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 12.6 35 45 6.6 +3.4
CWI SPDR MSCI ACWI ex-US ETF 12.6 30 50 6.9 +3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 12.3 18 62 7.0 +3.8
IQSI IQ Candriam International Equity ETF 12.2 15 65 6.6 +3.4
EUFN iShares MSCI Europe Financials ETF 12.2 51 29 8.1 +4.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 11.9 48 32 5.7 +2.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 11.9 65 15 4.3 +1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 11.9 55 25 5.3 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.8 45 35 8.9 +5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.8 41 39 7.4 +4.2
FENI Fidelity Enhanced International ETF 11.8 28 52 8.1 +4.9
DIVI Franklin International Core Dividend Tilt Index ETF 11.7 9 71 8.1 +4.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.6 40 40 7.9 +4.7
DWM WisdomTree International Equity Fund 11.6 48 32 8.0 +4.8
VEU Vanguard FTSE All-World ex-US Index Fund 11.6 8 72 7.3 +4.1
CGIE Capital Group International Equity ETF 11.6 54 26 4.9 +1.7
FEP First Trust Europe AlphaDEX Fund 11.4 80 0 7.8 +4.6
IXUS iShares Core MSCI Total International Stock ETF 11.4 7 73 7.2 +4.0
VXUS Vanguard Total International Stock ETF 11.2 7 73 7.2 +4.0
UMMA Wahed Dow Jones Islamic World ETF 11.1 65 15 4.6 +1.4
EWC iShares MSCI Canada ETF 11.0 50 30 6.5 +3.3
VSGX Vanguard ESG International Stock ETF 11.0 12 68 6.8 +3.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 10.9 50 30 5.3 +2.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 10.8 80 0 5.6 +2.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 10.8 22 58 6.6 +3.4
DWMF WisdomTree International Multifactor Fund 10.6 38 42 7.4 +4.2
IQDE FlexShares International Quality Dividend Defensive Index ET 10.6 47 33 14.8 +11.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.6 39 41 7.4 +4.2
EZU iShares MSCI Eurozone ETF 10.4 52 28 6.6 +3.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.4 29 51 8.6 +5.4
IGRO iShares International Dividend Growth ETF 10.4 15 65 7.5 +4.4
BBCA JPMorgan BetaBuilders Canada ETF 10.4 19 61 6.6 +3.4
JIG JPMorgan International Growth ETF 10.3 55 25 4.6 +1.5
FKU First Trust United Kingdom AlphaDEX Fund 10.3 80 0 8.5 +5.4
IQIN IQ 500 International ETF 9.9 25 55 9.2 +6.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.8 45 35 6.5 +3.4
DFIC Dimensional International Core Equity 2 ETF 9.8 23 57 7.7 +4.5
NUDM Nuveen ESG International Developed Markets Equity ETF 9.7 31 49 6.7 +3.5
AVSD Avantis Responsible International Equity ETF 9.7 23 57 7.1 +3.9
WWJD Inspire International ETF 9.5 80 0 7.3 +4.1
RFEU First Trust Riverfront Dynamic Europe ETF 9.5 83 -3 11.1 +7.9
FNDF Schwab Fundamental International Large Co. Index ETF 9.3 25 55 9.9 +6.7
JPIN J.P. Morgan Diversified Return International Equity ETF 9.2 37 43 8.9 +5.7
IQDF FlexShares International Quality Dividend Index Fund 9.1 47 33 12.9 +9.7
IQDG WisdomTree International Quality Dividend Growth Fund 9.1 42 38 6.8 +3.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.1 58 22 6.4 +3.2
CZAR Themes Natural Monopoly ETF 9.1 35 45 6.3 +3.1
VYMI Vanguard International High Dividend Yield ETF 8.9 22 58 9.8 +6.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.9 58 22 6.5 +3.3
FLEU Franklin FTSE Eurozone ETF 8.8 9 71 7.3 +4.1
EXI iShares Global Industrials ETF 8.5 42 38 4.5 +1.3
AVDE Avantis International Equity ETF 8.5 23 57 8.1 +4.9
UIVM VictoryShares International Value Momentum ETF 8.5 35 45 11.0 +7.8
EFV iShares MSCI EAFE Value ETF 8.4 34 46 9.4 +6.3
IXG iShares Global Financials ETF 8.3 42 38 6.2 +3.0
FEUZ First Trust Eurozone AlphaDEX ETF 8.3 80 0 6.7 +3.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.3 47 33 9.4 +6.2
FIVA Fidelity International Value Factor ETF 8.1 18 62 10.2 +7.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.9 24 56 8.7 +5.5
DTAN Sparkline International Intangible Value ETF 7.9 55 25 9.2 +6.0
RFDI First Trust Riverfront Dynamic Developed International ETF 7.8 83 -3 10.0 +6.8
OSEA Harbor International Compounders ETF 7.6 55 25 4.3 +1.1
FLGB Franklin FTSE United Kingdom ETF 7.5 9 71 7.9 +4.7
FLCA Franklin FTSE Canada ETF 7.4 9 71 6.8 +3.6
EWU iShares MSCI United Kingdom ETF 7.2 50 30 8.4 +5.2
IVLU iShares MSCI Intl Value Factor ETF 7.2 30 50 11.4 +8.3
EQIN Columbia US Equity Income ETF 7.1 35 45 8.3 +5.1
SXUS Janus Henderson International Sustainable Equity ETF 7.1 60 20 4.2 +1.0
HEDJ WisdomTree Europe Hedged Equity Fund 7.0 58 22 9.5 +6.3
FEZ SPDR EURO STOXX 50 ETF 6.8 29 51 6.8 +3.6
AVIV Avantis International Large Cap Value ETF 6.8 25 55 9.0 +5.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.7 80 0 7.6 +4.4
RODE Hartford Multifactor Diversified International ETF 6.7 29 51 11.8 +8.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.7 30 50 8.0 +4.8
IPAC iShares Core MSCI Pacific ETF 6.6 9 71 7.2 +4.0
BIGFX Baron International Growth Retail 6.5 75 5 3.1 -0.1
VPL Vanguard FTSE Pacific ETF 6.4 8 72 7.7 +4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.4 42 38 8.1 +4.9
DTH WisdomTree International High Dividend Fund 6.3 58 22 10.1 +6.9
FJP First Trust Japan AlphaDEX Fund 6.2 80 0 10.3 +7.1
CGXU Capital Group International Focus Equity ETF 6.0 54 26 4.9 +1.7
DAX Global X DAX Germany ETF 6.0 21 59 6.9 +3.7
EWG iShares MSCI Germany ETF 6.0 50 30 6.4 +3.2
FSZ First Trust Switzerland AlphaDEX Fund 5.9 80 0 4.2 +1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 5.9 42 38 5.1 +1.9
EWD iShares MSCI Sweden ETF 5.7 54 26 6.6 +3.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.6 25 55 5.6 +2.4
VWID Virtus WMC International Dividend ETF 5.6 49 31 9.6 +6.4
DIM WisdomTree International MidCap Dividend Fund 5.6 58 22 7.7 +4.5
GLOF iShares Global Equity Factor ETF 5.5 20 60 7.0 +3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.5 12 68 4.8 +1.6
FIDI Fidelity International High Dividend ETF 5.5 18 62 10.9 +7.7
CGGO Capital Group Global Growth Equity ETF 5.5 47 33 4.6 +1.4
DFIV Dimensional International Value ETF 5.4 27 53 10.0 +6.8
FGM First Trust Germany AlphaDEX Fund 5.4 80 0 6.0 +2.8
FLSW Franklin FTSE Switzerland ETF 5.4 9 71 5.3 +2.1
DIVS SmartETFs Dividend Builder ETF 5.4 65 15 5.0 +1.8
NATO Themes Transatlantic Defense ETF 5.3 35 45 3.2 -0.0
KLMT Invesco MSCI Global Climate 500 ETF 5.3 10 70 5.4 +2.2
JPXN iShares JPX-Nikkei 400 ETF 5.2 48 32 8.7 +5.5
QWLD SPDR MSCI World StrategicFactors ETF 5.2 30 50 5.9 +2.8
OAIM OneAscent International Equity ETF 5.1 95 -15 5.1 +1.9
SAGP Strategas Global Policy Opportunities ETF 5.1 65 15 5.3 +2.1
IDV iShares International Select Dividend ETF 5.0 51 29 12.2 +9.0
RAYD Rayliant Quantitative Developed Market Equity ETF 5.0 80 0 3.8 +0.7
URTH iShares MSCI World ETF 5.0 24 56 5.2 +2.0
EWL iShares MSCI Switzerland ETF 5.0 50 30 4.5 +1.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.9 9 71 9.9 +6.7
KOKU Xtrackers MSCI Kokusai Equity ETF 4.9 9 71 5.2 +2.0
KNO AXS Knowledge Leaders ETF 4.8 78 2 4.9 +1.8
IEUS iShares MSCI Europe Small-Cap ETF 4.8 42 38 6.4 +3.2
BLES Inspire Global Hope ETF 4.8 61 19 6.4 +3.3
DXJ WisdomTree Japan Hedged Equity Fund 4.7 48 32 8.5 +5.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.7 20 60 5.2 +2.0
SCHC Schwab International Small-Cap Equity ETF 4.7 11 69 6.6 +3.4
FLJP Franklin FTSE Japan ETF 4.7 9 71 7.8 +4.6
FLJH Franklin FTSE Japan Hedged ETF 4.7 9 71 7.7 +4.5
TOK iShares MSCI Kokusai ETF 4.7 26 54 5.0 +1.8
EWJ iShares MSCI Japan ETF 4.6 50 30 8.0 +4.8
FLGR Franklin FTSE Germany ETF 4.5 9 71 7.0 +3.8
BBJP JPMorgan BetaBuilders Japan ETF 4.5 19 61 7.8 +4.6
ACWI iShares MSCI ACWI ETF 4.5 32 48 5.3 +2.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.5 47 33 7.4 +4.2
GDVD R3 Global Dividend Growth ETF 4.5 88 -8 5.5 +2.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.5 25 55 8.6 +5.4
BKCI BNY Mellon Concentrated International ETF 4.4 80 0 4.2 +1.0
BNE Blue Horizon BNE ETF 4.4 87 -7 4.6 +1.4
IXJ iShares Global Healthcare ETF 4.4 42 38 6.5 +3.3
LVHI Franklin International Low Volatility High Dividend Index ET 4.3 40 40 10.1 +6.9
PIO Invesco Global Water ETF 4.3 75 5 5.2 +2.0
EPP iShares MSCI Pacific ex-Japan ETF 4.3 47 33 4.9 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.3 9 71 5.4 +2.2
JHID John Hancock International High Dividend ETF 4.3 46 34 11.3 +8.2
RGEF Rockefeller Global Equity ETF 4.2 55 25 5.0 +1.8
SHLD Global X Defense Tech ETF 4.2 50 30 4.6 +1.4
EWA iShares MSCI Australia ETF 4.2 50 30 4.9 +1.7
CGDG Capital Group Dividend Growers ETF 4.2 47 33 6.6 +3.4
NTZG Nuveen Global Net Zero Transition ETF 4.1 56 24 4.7 +1.5
VT Vanguard Total World Stock ETF 4.1 7 73 5.5 +2.3
HART IQ Healthy Hearts ETF 4.1 45 35 5.0 +1.8
EWY iShares MSCI South Korea ETF 4.0 58 22 9.8 +6.6
DGT SPDR Global Dow ETF 4.0 50 30 6.8 +3.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.9 58 22 9.2 +6.0
WLDR Affinity World Leaders Equity ETF 3.9 67 13 8.1 +4.9
KOCG FIS Knights of Columbus Global Belief ETF 3.8 75 5 5.0 +1.8
EWUS iShares MSCI United Kingdom Small Cap ETF 3.8 59 21 5.8 +2.6
TEMP JPMorgan Climate Change Solutions ETF 3.8 49 31 5.5 +2.3
VIDI Vident International Equity Strategy ETF 3.6 61 19 10.2 +7.0
FPXI First Trust International Equity Opportunities ETF 3.6 70 10 4.9 +1.7
AIVI WisdomTree International AI Enhanced Value Fund 3.6 58 22 8.5 +5.3
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 3.6 75 5 -1.6 -4.8
AMID Argent Mid Cap ETF Argent Mid Cap ETF 3.6 52 28 6.7 +3.5
IGF iShares Global Infrastructure ETF 3.5 41 39 4.3 +1.1
GII SPDR S&P Global Infrastructure ETF 3.5 40 40 4.3 +1.1
DEW WisdomTree Global High Dividend Fund 3.5 58 22 8.5 +5.3
GLBL Pacer MSCI World Industry Advantage ETF 3.4 65 15 4.7 +1.5
FDNI First Trust Dow Jones International Internet ETF 3.4 65 15 2.1 -1.1
FID First Trust S&P International Dividend Aristocrats ETF 3.4 60 20 9.0 +5.8
SCZ iShares MSCI EAFE Small-Cap ETF 3.4 40 40 6.6 +3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.3 7 73 6.7 +3.5
PATN Pacer Nasdaq International Patent Leaders ETF 3.3 65 15 6.5 +3.3
WRND IQ Global Equity R&D Leaders ETF 3.3 18 62 7.5 +4.3
FINE Themes European Luxury ETF 3.3 35 45 -2.3 -5.4
DWX SPDR S&P International Dividend ETF 3.3 45 35 6.5 +3.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.3 45 35 5.7 +2.5
FLAU Franklin FTSE Australia ETF 3.3 9 71 5.4 +2.3
IQM Franklin Intelligent Machines ETF 3.3 50 30 3.2 +0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 15 8.2 +5.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.2 58 22 4.6 +1.4
JGLO JPMorgan Global Select Equity ETF 3.2 33 47 4.5 +1.3
IPKW Invesco International BuyBack Achievers ETF 3.2 55 25 11.0 +7.8
FLKR Franklin FTSE South Korea ETF 3.2 9 71 10.6 +7.4
PID Invesco International Dividend Achievers ETF 3.2 53 27 7.0 +3.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.1 19 61 5.4 +2.2
CID VictoryShares International High Div Volatility Wtd ETF 3.1 45 35 11.9 +8.7
SDG iShares MSCI Global Sustainable Development Goals ETF 3.1 49 31 5.6 +2.5
WDIV SPDR S&P Global Dividend ETF 3.1 40 40 9.4 +6.2
AVDV Avantis International Small Cap Value ETF 3.1 36 44 8.1 +5.0
EDEN iShares MSCI Denmark ETF 3.0 53 27 6.9 +3.7
EFAS Global X MSCI SuperDividend EAFE ETF 3.0 57 23 10.3 +7.1
PTEC Global X PropTech ETF 3.0 50 30 1.6 -1.6
PCGG Polen Capital Global Growth ETF 2.9 85 -5 3.5 +0.3
DFIS Dimensional International Small Cap ETF 2.9 39 41 6.9 +3.7
FIXT Procure Disaster Recovery Strategy ETF 2.9 75 5 5.8 +2.7
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.8 55 25 2.9 -0.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.8 70 10 3.5 +0.3
EWQ iShares MSCI France ETF 2.7 53 27 6.3 +3.1
ISHP First Trust Nasdaq Retail ETF 2.7 60 20 2.9 -0.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.7 46 34 4.9 +1.7
AGNG Global X Aging Population ETF 2.7 50 30 4.2 +1.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.6 39 41 7.2 +4.0
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -9 4.9 +1.7
EWN iShares MSCI Netherlands ETF 2.6 50 30 5.1 +1.9
XT iShares Exponential Technologies ETF 2.5 46 34 4.8 +1.6
GDOC Goldman Sachs Future Health Care Equity ETF 2.5 75 5 3.7 +0.5
PSP Invesco Global Listed Private Equity ETF 2.5 106 -26 7.7 +4.5
EWI iShares MSCI Italy ETF 2.5 50 30 8.1 +4.9
EWJV iShares MSCI Japan Value ETF 2.5 15 65 10.2 +7.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 28 5.6 +2.4
AGQI First Trust Active Global Quality Income ETF 2.5 85 -5 5.9 +2.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.5 45 35 -0.6 -3.7
IOO iShares Global 100 ETF 2.5 41 39 4.8 +1.6
RXI iShares Global Consumer Discretionary ETF 2.5 41 39 5.4 +2.2
OGIG ALPS O'Shares Global Internet Giants ETF 2.4 48 32 1.9 -1.3
BTEK Future Tech ETF 2.4 88 -8 2.3 -0.9
BECO BlackRock Future Climate and Sustainable Economy ETF 2.3 70 10 11.9 +8.7
OCEN IQ Clean Oceans ETF 2.3 45 35 6.1 +2.9
CLNR IQ Cleaner Transport ETF 2.3 45 35 6.8 +3.6
BUYZ Franklin Disruptive Commerce ETF 2.3 50 30 1.8 -1.4
AIQ Global X Artificial Intelligence & Technology ETF 2.3 68 12 4.0 +0.8
IQRA IQ CBRE Real Assets ETF 2.2 65 15 5.2 +2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 2.2 29 51 5.5 +2.3
FDD First Trust Stoxx European Select Dividend Index Fund 2.2 58 22 13.6 +10.4
SCJ iShares MSCI Japan Small-Cap ETF 2.1 50 30 7.0 +3.8
ISCF iShares International SmallCap Equity Factor ETF 2.1 23 57 9.1 +5.9
TOLL Tema Monopolies and Oligopolies ETF 2.1 75 5 3.3 +0.2
ISRA VanEck Israel ETF 2.1 59 21 8.0 +4.8
EIS iShares MSCI Israel ETF 2.1 58 22 8.5 +5.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.1 56 24 13.5 +10.3
DTEC ALPS Disruptive Technologies ETF 2.1 50 30 3.7 +0.5
BOTT Themes Robotics & Automation ETF 2.1 35 45 4.7 +1.6
BINV Brandes International ETF 2.0 70 10 8.5 +5.3
URA Global X Uranium ETF 2.0 69 11 2.4 -0.8
FAN First Trust Global Wind Energy ETF 1.9 60 20 5.5 +2.3
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 25 8.0 +4.8
EFRA iShares Environmental Infrastructure and Industrials ETF 1.9 47 33 4.9 +1.7
JETS U.S. Global Jets ETF 1.9 60 20 -13.3 -16.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.9 49 31 7.0 +3.8
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 30 12.8 +9.6
UDI USCF Dividend Income Fund 1.8 65 15 7.3 +4.1
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.8 49 31 10.4 +7.2
GSIB Themes Global Systemically Important Banks ETF 1.8 35 45 13.4 +10.2
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.8 75 5 4.6 +1.4
BLLD JPMorgan Sustainable Infrastructure ETF 1.8 49 31 5.7 +2.5
DISV Dimensional International Small Cap Value ETF 1.7 42 38 9.1 +6.0
TOGA Tremblant Global ETF 1.7 69 11 1.9 -1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 1 10.3 +7.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.7 56 24 1.1 -2.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.7 59 21 3.9 +0.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.7 88 -8 7.4 +4.3
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 35 3.6 +0.4
IXN iShares Global Tech ETF 1.6 41 39 4.5 +1.3
DINT Davis Select International ETF 1.6 55 25 6.0 +2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.6 47 33 5.5 +2.3
SHPP Pacer Industrials and Logistics ETF 1.5 60 20 9.9 +6.7
GVAL Cambria Global Value ETF 1.5 68 12 13.1 +9.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.5 65 15 12.8 +9.6
CRTC Xtrackers US National Critical Technologies ETF 1.5 35 45 5.1 +1.9
CANC Tema Oncology ETF 1.5 75 5 -3.6 -6.8
CLOD Themes Cloud Computing ETF 1.4 35 45 2.6 -0.6
LUX Tema Luxury ETF 1.4 75 5 3.0 -0.2
LUXX Roundhill S&P Global Luxury ETF 1.4 45 35 2.9 -0.3
FDHT Fidelity Digital Health ETF 1.3 39 41 -2.3 -5.5
EDOC Global X Telemedicine & Digital Health ETF Registered 1.3 68 12 -4.1 -7.2
CGUS Capital Group Core Equity ETF 1.3 33 47 4.4 +1.2
NORW Global X MSCI Norway ETF 1.3 50 30 7.6 +4.4
ENOR iShares MSCI Norway ETF 1.3 53 27 7.5 +4.3
GREK Global X MSCI Greece ETF 1.3 57 23 -4.0 -7.2
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 2.8 -0.4
AVES Avantis Emerging Markets Value ETF 1.3 36 44 11.6 +8.4
CGW Invesco S&P Global Water Index ETF 1.3 57 23 4.4 +1.2
FYLD Cambria Foreign Shareholder Yield ETF 1.3 59 21 13.6 +10.4
EIRL iShares MSCI Ireland ETF 1.2 50 30 7.1 +3.9
JXI iShares Global Utilities ETF 1.2 43 37 5.9 +2.8
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.1 68 12 8.2 +5.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.1 85 -5 3.5 +0.3
BCDF Horizon Kinetics Blockchain Development ETF 1.1 85 -5 3.9 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.1 68 12 2.1 -1.1
QTUM Defiance Quantum ETF 1.1 40 40 3.6 +0.4
EWP iShares MSCI Spain ETF 1.1 50 30 8.4 +5.2
MOTI VanEck Morningstar International Moat ETF 1.1 58 22 5.9 +2.7
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 25 9.7 +6.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 10 6.2 +3.0
ACWV iShares MSCI Global Min Vol Factor ETF 1.1 20 60 6.3 +3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.0 48 32 8.8 +5.6
NXTG First Trust Indxx NextG ETF 1.0 70 10 6.2 +3.0
MXI iShares Global Materials ETF 1.0 41 39 7.0 +3.8
AZTD Aztlan Global Stock Selection DM SMID ETF 1.0 75 5 7.8 +4.6
CGDV Capital Group Dividend Value ETF 0.9 33 47 5.6 +2.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 61 6.9 +3.7
ASEA Global X FTSE Southeast Asia ETF 0.9 65 15 6.3 +3.1
AIA iShares Asia 50 ETF 0.9 50 30 6.6 +3.4
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 31 9.0 +5.8
EWS iShares MSCI Singapore ETF 0.9 50 30 5.0 +1.8
PBD Invesco Global Clean Energy ETF 0.9 75 5 -5.3 -8.5
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.9 60 20 6.4 +3.2
SUPL ProShares Supply Chain Logistics ETF 0.9 58 22 14.2 +11.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.8 47 33 8.0 +4.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 70 7.7 +4.5
CGGR Capital Group Growth ETF 0.8 39 41 3.2 +0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 36 10.6 +7.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.8 61 19 1.2 -2.0
CZA Invesco Zacks Mid-Cap ETF 0.8 72 8 5.6 +2.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.8 70 10 9.2 +6.0
IVAL Alpha Architect International Quantitative Value ETF 0.8 49 31 9.5 +6.3
KXI iShares Global Consumer Staples ETF 0.8 41 39 5.7 +2.5
IXP iShares Global Comm Services ETF 0.7 42 38 5.1 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 55 6.7 +3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.7 32 48 6.9 +3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 39 7.4 +4.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 39 5.0 +1.8
GBUY Goldman Sachs Future Consumer Equity ETF 0.7 75 5 3.3 +0.2
EWK iShares MSCI Belgium ETF 0.6 50 30 7.9 +4.7
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 5 8.9 +5.7
SYNB Putnam BioRevolution ETF 0.6 70 10 3.0 -0.2
TMFG Motley Fool Global Opportunities ETF 0.6 85 -5 3.2 +0.0
MINV Matthews Asia Innovators Active ETF 0.6 79 1 3.0 -0.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 12 4.8 +1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -15 10.5 +7.3
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 11.7 +8.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 45 12.4 +9.2
BMED Future Health ETF 0.6 85 -5 -0.2 -3.4
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 15.5 +12.3
SCHY Schwab International Dividend Equity ETF 0.6 14 66 9.3 +6.2
UMI USCF Midstream Energy Income Fund ETF 0.6 85 -5 3.7 +0.5
ENFR Alerian Energy Infrastructure ETF 0.6 35 45 4.0 +0.8
EIPI FT Energy Income Partners Enhanced Income ETF 0.6 110 -30 5.1 +1.9
EIPX FT Energy Income Partners Strategy ETF 0.6 95 -15 6.0 +2.9
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -15 4.5 +1.3
EINC VanEck Energy Income ETF 0.6 48 32 3.6 +0.4
TPYP Tortoise North American Pipeline Fund 0.6 40 40 4.2 +1.1
USAI Pacer American Energy Independence ETF 0.6 75 5 3.0 -0.2
EBLU Ecofin Global Water ESG Fund 0.6 40 40 4.9 +1.7
AHOY Newday Ocean Health ETF 0.6 75 5 6.2 +3.0
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 21 -0.8 -4.0
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 21 5.2 +2.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 55 12.3 +9.1
GINX SGI Enhanced Global Income ETF 0.5 98 -18 5.6 +2.5
GSFP Goldman Sachs Future Planet Equity ETF 0.5 75 5 4.2 +1.1
NETZ TCW Transform Systems ETF 0.5 75 5 3.6 +0.4
ROBO ROBO Global Robotics & Automation Index ETF 0.5 95 -15 3.5 +0.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 5.1 +1.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 10 3.8 +0.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 15 0.2 -3.0
SNSR Global X Internet of Things ETF 0.5 68 12 4.6 +1.5
IBAT iShares Energy Storage & Materials ETF 0.5 47 33 3.1 -0.1
IDRV iShares Self-driving EV & Tech ETF 0.5 47 33 -0.4 -3.6
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.5 65 15 1.6 -1.6
EEM iShares MSCI Emerging Markets ETF 0.5 69 11 6.9 +3.7
AVEM Avantis Emerging Markets Equity ETF 0.5 33 47 8.9 +5.7
CGV Conductor Global Equity Value ETF 0.5 130 -50 10.9 +7.7
KNCT Invesco Next Gen Connectivity ETF 0.5 40 40 5.6 +2.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.5 49 31 6.5 +3.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.5 15 65 7.2 +4.1
WDNA WisdomTree BioRevolution Fund 0.5 45 35 -3.8 -7.0
PHO Invesco Water Resources ETF 0.5 60 20 4.4 +1.2
XCEM Columbia EM Core ex-China ETF 0.5 16 64 7.7 +4.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 35 11.0 +7.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 14 10.0 +6.8
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 45 7.3 +4.1
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 55 8.5 +5.3
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 71 7.5 +4.3
EYLD Cambria Emerging Shareholder Yield ETF 0.5 66 14 13.2 +10.0
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 48 6.0 +2.8
CRAK VanEck Oil Refiners ETF 0.4 61 19 14.7 +11.6
DFEV Dimensional Emerging Markets Value ETF 0.4 43 37 11.1 +7.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 41 11.0 +7.8
WOOD iShares Global Timber & Forestry ETF 0.4 42 38 9.8 +6.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 48 6.2 +3.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 42 7.8 +4.6
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 64 6.8 +3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 50 7.3 +4.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 69 8.4 +5.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 44 7.8 +4.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 10.2 +7.0
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 22 8.8 +5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 21 11.3 +8.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 31 8.2 +5.0
RVRB Reverb ETF 0.3 30 50 4.7 +1.5
IGPT Invesco AI and Next Gen Software ETF 0.3 60 20 3.8 +0.6
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 55 7.1 +3.9
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.2 35 45 7.4 +4.2
FLCH Franklin FTSE China ETF 0.2 19 61 8.8 +5.6
GXC SPDR S&P China ETF 0.2 59 21 8.3 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 50 8.1 +4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 30 13.0 +9.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 7.1 +3.9
UFO Procure Space ETF 0.2 75 5 -2.0 -5.2
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 72 6.9 +3.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.2 20 60 6.8 +3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 47 8.2 +5.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 17 18.9 +15.7
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 63 7.6 +4.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.8 +0.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 65 6.3 +3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 40 8.3 +5.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 31 6.1 +2.9
STXE Strive Emerging Markets Ex-China ETF 0.1 32 48 7.0 +3.8
FILL iShares MSCI Global Energy Producers ETF 0.1 39 41 9.6 +6.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 7.3 +4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 41 12.5 +9.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 5 4.3 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 56 9.2 +6.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 44 6.5 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 36 15.8 +12.6
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 2.8 -0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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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

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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:

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 10.3 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.60
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.