Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 3.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.9x P/Sales
ratio		 2.6x
P/BV
ratio		 4.0x Div.
yield		 2.2%


  • 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) $525
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 March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.4% 32.2% 9.8% 9.6% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.82 51%
MSCI EAFE 1.11 82%
MSCI Emg. Mkts. 0.88 67%

Technical Indicators
Recent close $54.36
30d moving avg. $50.81
Annualized volatility 15.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 77
Turnover 0.8%
Bid/Ask (% of price) 0.61%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 461 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™: 3.4%


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 17.0 15 65 6.4 +3.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.0 12 68 5.3 +1.9
IDMO Invesco S&P International Developed Momentum ETF 15.7 25 55 5.1 +1.7
JIVE JPMorgan International Value ETF 15.7 55 25 8.4 +4.9
STXI Strive International Developed Markets ETF 15.7 29 51 6.2 +2.7
IQLT iShares MSCI Intl Quality Factor ETF 15.3 30 50 5.4 +2.0
EFG iShares MSCI EAFE Growth ETF 15.0 36 44 3.8 +0.3
ESGD iShares ESG Aware MSCI EAFE ETF 14.7 20 60 5.8 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.2 25 55 6.1 +2.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 14.1 20 60 5.6 +2.1
IEV iShares Europe ETF 14.0 67 13 5.8 +2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.7 25 55 6.3 +2.9
VGK Vanguard FTSE Europe ETF 13.7 6 74 6.5 +3.1
IEUR iShares Core MSCI Europe ETF 13.6 11 69 6.3 +2.9
DMXF iShares ESG Advanced MSCI EAFE ETF 13.6 12 68 5.0 +1.6
FLEE Franklin FTSE Europe ETF 13.5 9 71 6.2 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 13.5 35 45 5.7 +2.2
EFA iShares MSCI EAFE ETF 13.5 35 45 5.7 +2.3
SPEU SPDR Portfolio Europe ETF 13.4 7 73 6.4 +3.0
FRGN Horizon International Equity ETF 13.3 75 5 8.1 +4.7
BBEU JPMorgan BetaBuilders Europe ETF 13.3 9 71 6.2 +2.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.2 46 34 5.6 +2.1
IDEV iShares Core MSCI International Developed Markets ETF 12.5 4 76 6.0 +2.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.5 30 50 6.0 +2.6
FENI Fidelity Enhanced International ETF 12.2 28 52 5.8 +2.3
BKIE BNY Mellon International Equity ETF 12.2 4 76 6.0 +2.6
IEFA iShares Core MSCI EAFE ETF 12.1 7 73 6.0 +2.6
EZU iShares MSCI Eurozone ETF 12.0 52 28 5.6 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 11.9 3 77 5.9 +2.5
SCHF Schwab International Equity ETF 11.9 6 74 6.1 +2.6
VEA Vanguard FTSE Developed Markets ETF 11.9 3 77 6.0 +2.6
GSID Goldman Sachs MarketBeta International Equity ETF 11.9 20 60 5.9 +2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.9 36 44 5.4 +2.0
JIRE JPMorgan International Research Enhanced Equity ETF 11.8 24 56 5.8 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 11.8 20 60 5.8 +2.3
QINT American Century Quality Diversified International ETF 11.7 39 41 6.6 +3.1
UIVM VictoryShares International Value Momentum ETF 11.6 35 45 8.2 +4.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.5 45 35 5.7 +2.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.4 58 22 5.4 +1.9
IQDG WisdomTree International Quality Dividend Growth Fund 11.4 42 38 5.7 +2.2
TPIF Timothy Plan International ETF 11.4 62 18 5.5 +2.0
OEFA ALPS O’Shares International Developed Quality Dividend ETF 11.4 48 32 4.6 +1.2
FDEV Fidelity International Multifactor ETF 11.4 18 62 7.0 +3.6
IVSI Applied Finance IVS International LrgETF 11.2 65 15 6.0 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 11.2 24 56 5.6 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 11.2 29 51 5.5 +2.1
IQSI IQ Candriam International Equity ETF 11.1 15 65 5.6 +2.1
JHMD John Hancock Multifactor Developed International ETF 11.0 39 41 6.1 +2.7
IMFL Invesco International Developed Dynamic Multifactor ETF 10.8 34 46 5.2 +1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.8 42 38 4.1 +0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 10.8 80 0 6.7 +3.3
CWI SPDR MSCI ACWI ex-US ETF 10.6 30 50 6.5 +3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.5 32 48 5.2 +1.8
CGIE Capital Group International Equity ETF 10.4 54 26 4.6 +1.1
CIL VictoryShares International Volatility Wtd ETF 10.4 45 35 5.8 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 10.2 20 60 5.6 +2.1
DFAI Dimensional International Core Equity Market ETF 10.2 18 62 6.0 +2.5
EUFN iShares MSCI Europe Financials ETF 10.1 51 29 7.1 +3.6
DIVI Franklin International Core Dividend Tilt Index ETF 10.1 9 71 6.6 +3.1
FEP First Trust Europe AlphaDEX Fund 10.0 80 0 6.7 +3.3
TTAI FCF International Quality ETF 9.9 59 21 6.6 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 9.9 34 46 6.4 +3.0
DIHP Dimensional International High Profitability ETF 9.8 29 51 5.7 +2.2
FEUZ First Trust Eurozone AlphaDEX ETF 9.8 80 0 6.4 +3.0
DOL WisdomTree International LargeCap Dividend Fund 9.7 48 32 5.7 +2.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.7 58 22 6.3 +2.8
FIVA Fidelity International Value Factor ETF 9.7 18 62 7.5 +4.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 9.7 14 66 5.4 +1.9
AVSD Avantis Responsible International Equity ETF 9.6 23 57 6.0 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 9.5 83 -3 7.6 +4.2
JIG JPMorgan International Growth ETF 9.5 55 25 3.6 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 9.3 4 76 6.8 +3.4
DWM WisdomTree International Equity Fund 9.2 48 32 5.6 +2.1
EXI iShares Global Industrials ETF 9.2 42 38 3.5 +0.1
FICS First Trust International Developed Capital Strength ETF 9.1 70 10 6.7 +3.2
AVIV Avantis International Large Cap Value ETF 9.1 25 55 6.8 +3.4
VSGX Vanguard ESG International Stock ETF 9.0 10 70 6.8 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.0 41 39 6.2 +2.7
VXUS Vanguard Total International Stock ETF 9.0 5 75 6.7 +3.3
EUDV ProShares MSCI Europe Dividend Growers ETF 9.0 55 25 5.6 +2.2
IXUS iShares Core MSCI Total International Stock ETF 8.9 7 73 6.7 +3.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.9 40 40 5.6 +2.2
AVDE Avantis International Equity ETF 8.9 23 57 6.1 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.9 29 51 6.9 +3.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.8 18 62 6.5 +3.0
JHID John Hancock International High Dividend ETF 8.6 46 34 7.9 +4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.6 50 30 5.7 +2.2
DFIC Dimensional International Core Equity 2 ETF 8.5 23 57 6.2 +2.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.4 65 15 4.1 +0.6
UMMA Wahed Dow Jones Islamic World ETF 8.4 65 15 3.9 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.4 39 41 6.1 +2.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 8.2 58 22 3.5 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.1 39 41 7.0 +3.5
FEZ SPDR EURO STOXX 50 ETF 8.0 29 51 5.7 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 7.9 58 22 6.0 +2.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 7.6 22 58 5.5 +2.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.6 24 56 6.8 +3.3
EFV iShares MSCI EAFE Value ETF 7.6 34 46 7.5 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.6 45 35 6.9 +3.5
EWC iShares MSCI Canada ETF 7.6 50 30 5.2 +1.7
PIEL Pacer International Export Leaders ETF 7.5 60 20 4.3 +0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 7.5 37 43 7.0 +3.5
VYMI Vanguard International High Dividend Yield ETF 7.4 17 63 8.0 +4.5
WRND IQ Global Equity R&D Leaders ETF 7.4 18 62 4.2 +0.8
IVLU iShares MSCI Intl Value Factor ETF 7.2 30 50 8.1 +4.6
IXG iShares Global Financials ETF 7.2 42 38 6.4 +2.9
CGXU Capital Group International Focus Equity ETF 6.9 54 26 4.0 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 6.9 31 49 5.6 +2.2
EWL iShares MSCI Switzerland ETF 6.9 50 30 5.5 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.8 30 50 6.4 +3.0
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 33 7.7 +4.2
DXIV Dimensional International Vector Equity ETF 6.6 34 46 6.5 +3.1
IDLV Invesco S&P International Developed Low Volatility ETF 6.5 25 55 6.2 +2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.3 80 0 5.3 +1.9
VIGI Vanguard International Dividend Appreciation ETF 6.3 10 70 6.1 +2.7
IPKW Invesco International BuyBack Achievers ETF 6.3 55 25 8.0 +4.6
PPIE Putnam PanAgora ESG International Equity ETF 6.3 49 31 6.4 +3.0
GLOF iShares Global Equity Factor ETF 6.2 20 60 5.8 +2.4
PATN Pacer Nasdaq International Patent Leaders ETF 6.1 65 15 4.7 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 6.1 25 55 7.5 +4.1
SHLD Global X Defense Tech ETF 6.1 50 30 2.6 -0.9
IPAC iShares Core MSCI Pacific ETF 6.1 9 71 5.5 +2.1
IGRO iShares International Dividend Growth ETF 6.1 15 65 6.7 +3.3
FLCA Franklin FTSE Canada ETF 6.0 9 71 5.5 +2.1
VWID Virtus WMC International Dividend ETF 5.8 49 31 7.2 +3.8
DIM WisdomTree International MidCap Dividend Fund 5.7 58 22 6.1 +2.7
VPL Vanguard FTSE Pacific ETF 5.7 7 73 5.5 +2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.6 47 33 7.5 +4.0
JPXN iShares JPX-Nikkei 400 ETF 5.6 48 32 5.5 +2.1
OSEA Harbor International Compounders ETF 5.6 55 25 4.1 +0.7
DFIV Dimensional International Value ETF 5.5 27 53 7.7 +4.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.5 80 0 7.6 +4.1
AQLT iShares MSCI Global Quality Factor ETF 5.4 18 62 0.0 -3.4
FIDI Fidelity International High Dividend ETF 5.4 18 62 7.0 +3.6
DWMF WisdomTree International Multifactor Fund 5.4 38 42 6.6 +3.1
PIO Invesco Global Water ETF 5.4 75 5 4.1 +0.7
EWJ iShares MSCI Japan ETF 5.4 50 30 5.0 +1.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 5.3 25 55 5.6 +2.1
CGGO Capital Group Global Growth Equity ETF 5.3 47 33 4.4 +1.0
FLKR Franklin FTSE South Korea ETF 5.2 9 71 5.3 +1.8
BBCA JPMorgan BetaBuilders Canada ETF 5.2 19 61 5.5 +2.0
WLDR Affinity World Leaders Equity ETF 5.1 67 13 6.5 +3.1
QWLD SPDR MSCI World StrategicFactors ETF 5.0 30 50 5.2 +1.8
DGT State Street SPDR Global Dow ETF 5.0 50 30 5.9 +2.4
FLSW Franklin FTSE Switzerland ETF 5.0 9 71 5.7 +2.3
DTH WisdomTree International High Dividend Fund 5.0 58 22 7.1 +3.7
BKCI BNY Mellon Concentrated International ETF 4.9 80 0 4.9 +1.5
INEQ Columbia International Equity Income ETF 4.9 45 35 7.5 +4.1
KNO AXS Knowledge Leaders ETF 4.8 78 2 4.5 +1.0
BBJP JPMorgan BetaBuilders Japan ETF 4.8 19 61 5.4 +2.0
NATO Themes Transatlantic Defense ETF 4.8 35 45 1.7 -1.7
EWY iShares MSCI South Korea ETF 4.8 58 22 4.2 +0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.8 47 33 4.8 +1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.7 12 68 4.6 +1.2
VIDI Vident International Equity Strategy ETF 4.7 61 19 8.4 +5.0
FLJP Franklin FTSE Japan ETF 4.7 9 71 5.5 +2.1
FLJH Franklin FTSE Japan Hedged ETF 4.6 9 71 5.3 +1.8
SAGP Strategas Global Policy Opportunities ETF 4.6 65 15 4.8 +1.4
WWJD Inspire International ETF 4.5 80 0 6.2 +2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.5 49 31 6.0 +2.5
FSZ First Trust Switzerland AlphaDEX Fund 4.5 80 0 5.1 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 4.4 29 51 7.5 +4.0
IEUS iShares MSCI Europe Small-Cap ETF 4.4 42 38 6.7 +3.3
MOTI VanEck Morningstar International Moat ETF 4.3 58 22 9.7 +6.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.3 25 55 5.6 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.3 65 15 7.7 +4.3
EWN iShares MSCI Netherlands ETF 4.1 50 30 4.7 +1.3
DFIS Dimensional International Small Cap ETF 4.1 39 41 6.1 +2.7
GEW Cambria Global EW ETF 4.1 29 51 5.5 +2.1
URTH iShares MSCI World ETF 4.1 24 56 4.5 +1.1
EMM Global X Emerging Markets ex-China ETF 4.1 75 5 5.2 +1.7
TBLU Tortoise Global Water ESG ETF 4.1 40 40 4.2 +0.8
RCGE RockCreek Global Equality ETF 4.0 95 -15 6.1 +2.7
OAIM OneAscent International Equity ETF 3.9 95 -15 4.6 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 3.9 10 70 5.2 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 5.1 +1.6
IXN iShares Global Tech ETF 3.9 41 39 3.3 -0.2
MEM Matthews Emerging Markets Equity Active ETF 3.8 79 1 9.0 +5.6
FEOE First Eagle Overseas Equity ETF 3.8 79 1 6.2 +2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.8 9 71 7.5 +4.0
TOK iShares MSCI Kokusai ETF 3.8 26 54 4.5 +1.1
EWG iShares MSCI Germany ETF 3.8 50 30 5.9 +2.5
AVDV Avantis International Small Cap Value ETF 3.8 36 44 7.7 +4.2
EWI iShares MSCI Italy ETF 3.7 50 30 10.4 +7.0
ACWI iShares MSCI ACWI ETF 3.7 32 48 4.9 +1.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 3.7 60 20 3.4 -0.0
AIVI WisdomTree International AI Enhanced Value Fund 3.7 58 22 6.1 +2.7
ISRA VanEck Israel ETF 3.7 59 21 5.8 +2.4
FLGB Franklin FTSE United Kingdom ETF 3.7 9 71 6.6 +3.2
ESGG FlexShares STOXX Global ESG Select Index Fund 3.7 42 38 4.4 +0.9
DEW WisdomTree Global High Dividend Fund 3.7 58 22 7.3 +3.8
ITOL Tema International Durable Quality ETF 3.6 60 20 5.0 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 60 5.0 +1.5
FLGR Franklin FTSE Germany ETF 3.6 9 71 6.5 +3.1
IBOT Vaneck Robotics ETF 3.6 47 33 3.5 +0.1
EWU iShares MSCI United Kingdom ETF 3.5 50 30 6.9 +3.5
VT Vanguard Total World Stock ETF 3.4 6 74 5.2 +1.8
CGW Invesco S&P Global Water Index ETF 3.4 57 23 4.2 +0.8
FJP First Trust Japan AlphaDEX Fund 3.4 80 0 7.3 +3.9
AIVC Amplify Bloomberg AI Value Chain ETF 3.4 59 21 4.8 +1.4
DAX Global X DAX Germany ETF 3.3 21 59 6.2 +2.8
JADE JPMorgan Active Developing Markets Equity ETF 3.3 65 15 6.3 +2.9
DXJ WisdomTree Japan Hedged Equity Fund 3.3 48 32 5.4 +1.9
JSTC Adasina Social Justice All Cap Global ETF 3.3 89 -9 4.7 +1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 3.3 9 71 4.6 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 3.2 39 41 6.7 +3.3
RING iShares MSCI Global Gold Miners ETF 3.1 39 41 2.9 -0.6
KOCG FIS Knights of Columbus Global Belief ETF 3.1 75 5 4.4 +0.9
AUMI Themes Gold Miners ETF 3.1 35 45 2.6 -0.9
FEGE First Eagle Global Equity ETF 3.1 79 1 6.1 +2.6
FYLD Cambria Foreign Shareholder Yield ETF 3.0 59 21 10.1 +6.6
EIS iShares MSCI Israel ETF 3.0 58 22 6.2 +2.8
IOO iShares Global 100 ETF 3.0 41 39 4.1 +0.6
EDEN iShares MSCI Denmark ETF 3.0 53 27 6.4 +2.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.0 58 22 7.2 +3.8
ISCF iShares International SmallCap Equity Factor ETF 3.0 23 57 7.2 +3.7
LOUP Innovator Deepwater Frontier Tech ETF 2.9 70 10 1.1 -2.3
TINY ProShares Nanotechnology ETF 2.9 58 22 1.5 -1.9
SGDM Sprott Gold Miners ETF 2.9 50 30 2.3 -1.1
EPP iShares MSCI Pacific ex-Japan ETF 2.9 47 33 4.8 +1.4
SCZ iShares MSCI EAFE Small-Cap ETF 2.8 40 40 6.1 +2.7
RAYJ Rayliant SMDAM Japan Equity ETF 2.8 72 8 3.1 -0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.7 8 72 6.3 +2.8
NUKZ Range Nuclear Renaissance Index ETF 2.7 85 -5 1.3 -2.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 35 -0.9 -4.4
ABLD Abacus FCF Real Assets Leaders ETF 2.7 69 11 6.1 +2.7
FKU First Trust United Kingdom AlphaDEX Fund 2.7 80 0 7.1 +3.7
EWS iShares MSCI Singapore ETF 2.7 50 30 4.1 +0.7
SNSR Global X Internet of Things ETF 2.6 68 12 4.1 +0.6
PBD Invesco Global Clean Energy ETF 2.6 75 5 0.3 -3.2
EWP iShares MSCI Spain ETF 2.6 50 30 5.9 +2.4
SLVP iShares MSCI Global Silver Miners ETF 2.6 39 41 3.5 +0.0
NANR SPDR S&P North American Natural Resources ETF 2.5 35 45 6.0 +2.6
BOTZ Global X Robotics & Artificial Intelligence ETF 2.5 69 11 2.0 -1.5
IDRV iShares Self-driving EV & Tech ETF 2.5 47 33 1.3 -2.2
SHPP Pacer Industrials and Logistics ETF 2.5 60 20 7.1 +3.6
RSHO Tema American Reshoring ETF 2.5 75 5 3.6 +0.1
IBAT iShares Energy Storage & Materials ETF 2.5 47 33 1.8 -1.7
VOLT Tema Electrification ETF 2.5 75 5 2.4 -1.0
LVHI Franklin International Low Volatility High Dividend Index ET 2.5 40 40 7.4 +4.0
EWUS iShares MSCI United Kingdom Small Cap ETF 2.5 59 21 7.3 +3.9
GOEX Global X Gold Explorers ETF 2.4 65 15 1.7 -1.8
MINV Matthews Asia Innovators Active ETF 2.4 79 1 6.2 +2.7
RGEF Rockefeller Global Equity ETF 2.4 55 25 4.0 +0.6
SCHC Schwab International Small-Cap Equity ETF 2.3 11 69 6.5 +3.1
IDV iShares International Select Dividend ETF 2.3 51 29 8.9 +5.5
EFNL iShares MSCI Finland ETF 2.3 56 24 5.8 +2.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.3 70 10 3.9 +0.5
BLES Inspire Global Hope ETF 2.3 61 19 5.9 +2.4
FGM First Trust Germany AlphaDEX Fund 2.3 80 0 4.8 +1.3
GREK Global X MSCI Greece ETF 2.3 57 23 9.4 +6.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.3 58 22 5.3 +1.8
IPAV Global X Infrastructure Development ex-U.S. ETF 2.2 55 25 5.7 +2.2
EWD iShares MSCI Sweden ETF 2.2 54 26 4.9 +1.5
FDD First Trust Stoxx European Select Dividend Index Fund 2.2 58 22 9.9 +6.5
FLAU Franklin FTSE Australia ETF 2.2 9 71 5.6 +2.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.2 19 61 5.2 +1.7
HYP Golden Eagle Dynamic Hypergrowth ETF 2.2 85 -5 -0.8 -4.2
GII SPDR S&P Global Infrastructure ETF 2.2 40 40 4.1 +0.6
IGF iShares Global Infrastructure ETF 2.2 41 39 4.1 +0.6
ASEA Global X FTSE Southeast Asia ETF 2.2 65 15 5.4 +2.0
GLBL Pacer MSCI World Industry Advantage ETF 2.2 65 15 3.7 +0.3
DTAN Sparkline International Intangible Value ETF 2.1 55 25 7.3 +3.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 12 0.7 -2.7
EMC Global X Emerging Markets Great Consumer ETF 2.0 75 5 7.6 +4.1
AVDS Avantis International Small Cap Equity ETF 2.0 30 50 6.0 +2.5
GCOW Pacer Global Cash Cows Dividend ETF 2.0 60 20 9.0 +5.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.0 65 15 7.8 +4.3
HART IQ Healthy Hearts ETF 2.0 45 35 5.7 +2.3
QTUM Defiance Quantum ETF 2.0 40 40 4.7 +1.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.0 85 -5 2.7 -0.8
BCDF Horizon Kinetics Blockchain Development ETF 2.0 85 -5 3.7 +0.3
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 4.3 +0.9
EYLD Cambria Emerging Shareholder Yield ETF 2.0 66 14 9.4 +5.9
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 39 5.2 +1.7
XT iShares Exponential Technologies ETF 2.0 46 34 4.3 +0.9
SCHY Schwab International Dividend Equity ETF 2.0 14 66 8.2 +4.7
SRVR Pacer Data & Infrastructure Real Estate ETF 2.0 55 25 3.7 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 60 5.7 +2.3
CGDG Capital Group Dividend Growers ETF 1.9 47 33 5.1 +1.7
JETS U.S. Global Jets ETF 1.9 60 20 2.7 -0.8
RW Rainwater Equity ETF 1.9 125 -45 2.9 -0.5
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.8 60 20 1.8 -1.7
EIRL iShares MSCI Ireland ETF 1.8 50 30 7.4 +4.0
GDX VanEck Gold Miners ETF 1.8 51 29 2.4 -1.1
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 28 7.7 +4.2
JGLO JPMorgan Global Select Equity ETF 1.8 33 47 4.4 +0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 10 7.5 +4.0
AUAU Global X Gold Miners ETF 1.8 35 45 2.1 -1.3
FPXI First Trust International Equity Opportunities ETF 1.7 70 10 4.0 +0.5
URA Global X Uranium ETF 1.7 69 11 0.7 -2.8
IXJ iShares Global Healthcare ETF 1.7 42 38 6.2 +2.8
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 25 6.5 +3.1
EBLU Ecofin Global Water ESG Fund 1.6 40 40 4.3 +0.8
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 20 7.9 +4.4
AVES Avantis Emerging Markets Value ETF 1.6 36 44 9.0 +5.6
FTHF First Trust Emerging Markets Human Flourishing ETF 1.6 75 5 6.3 +2.9
FLAX Franklin FTSE Asia Ex Japan ETF 1.6 19 61 7.6 +4.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.6 33 47 7.1 +3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.6 88 -8 8.3 +4.9
EWA iShares MSCI Australia ETF 1.6 50 30 5.0 +1.6
RXI iShares Global Consumer Discretionary ETF 1.5 41 39 8.0 +4.6
HRTS Tema Heart & Health ETF 1.5 75 5 2.9 -0.5
JDOC JPMorgan Healthcare Leaders ETF 1.5 65 15 3.5 +0.1
AIA iShares Asia 50 ETF 1.5 50 30 8.9 +5.5
AGNG Global X Aging Population ETF 1.4 50 30 4.1 +0.7
IQRA IQ CBRE Real Assets ETF 1.4 65 15 5.7 +2.3
STXE Strive Emerging Markets Ex-China ETF 1.4 32 48 5.8 +2.3
WDNA WisdomTree BioRevolution Fund 1.4 45 35 -2.3 -5.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.4 32 48 5.1 +1.7
XCEM Columbia EM Core ex-China ETF 1.4 16 64 5.3 +1.9
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 12 3.4 0.0
WDIV SPDR S&P Global Dividend ETF 1.3 40 40 9.2 +5.7
WSML iShares MSCI World Small-Cap ETF 1.3 15 65 5.5 +2.1
PID Invesco International Dividend Achievers ETF 1.3 53 27 4.1 +0.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.3 49 31 7.9 +4.5
GSIB Themes Global Systemically Important Banks ETF 1.3 35 45 8.8 +5.4
HEAL Global X HealthTech ETF 1.3 50 30 -1.5 -5.0
FDHT Fidelity Digital Health ETF 1.3 39 41 1.7 -1.7
GVAL Cambria Global Value ETF 1.3 68 12 8.8 +5.3
ECON Columbia Emerging Markets Consumer ETF 1.2 49 31 7.3 +3.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 55 5.5 +2.1
SILJ ETFMG Prime Junior Silver Miners ETF 1.2 69 11 0.3 -3.2
AGMI Themes Silver Miners ETF 1.2 35 45 3.6 +0.1
GDXJ VanEck Junior Gold Miners ETF 1.2 52 28 2.3 -1.1
ARTY iShares Future AI & Tech ETF 1.2 47 33 3.3 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 44 6.2 +2.8
AKAF The Frontier Economic Fund 1.2 20 60 5.2 +1.7
AGIX KraneShares Artificial Intelligence and Technology ETF 1.2 99 -19 1.5 -1.9
MXI iShares Global Materials ETF 1.2 41 39 5.7 +2.2
IVAL Alpha Architect International Quantitative Value ETF 1.1 49 31 7.5 +4.1
FAN First Trust Global Wind Energy ETF 1.1 60 20 2.6 -0.8
DRNZ REX Drone ETF 1.1 65 15 -1.7 -5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 30 8.6 +5.1
NXTG First Trust Indxx NextG ETF 1.1 70 10 4.4 +1.0
GNR SPDR S&P Global Natural Resources ETF 1.1 40 40 8.0 +4.6
EWJV iShares MSCI Japan Value ETF 1.1 15 65 7.0 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 31 8.1 +4.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 35 8.5 +5.0
BULD Pacer BlueStar Engineering the Future ETF 1.0 60 20 0.4 -3.1
IMOM Alpha Architect International Quantitative Momentum ETF 1.0 49 31 4.1 +0.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.0 46 34 4.9 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.0 30 50 8.5 +5.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -15 10.4 +7.0
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 55 9.4 +6.0
DISV Dimensional International Small Cap Value ETF 1.0 42 38 8.1 +4.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.0 33 47 6.6 +3.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 44 8.0 +4.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 14 7.6 +4.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 65 8.4 +4.9
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 69 8.3 +4.9
EEM iShares MSCI Emerging Markets ETF 1.0 69 11 8.2 +4.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 39 7.1 +3.7
AVEM Avantis Emerging Markets Equity ETF 0.9 33 47 7.4 +4.0
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 63 12.2 +8.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.9 75 5 2.3 -1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 48 7.8 +4.4
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 64 7.2 +3.8
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 71 8.5 +5.1
KNCT Invesco Next Gen Connectivity ETF 0.8 40 40 3.8 +0.3
GINX SGI Enhanced Global Income ETF 0.8 98 -18 6.7 +3.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 15 1.7 -1.7
CZAR Themes Natural Monopoly ETF 0.8 35 45 5.4 +2.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.8 53 27 5.5 +2.1
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 45 7.3 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 50 8.0 +4.6
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 31 6.8 +3.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 1 6.9 +3.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 42 7.3 +3.8
TRFK Pacer Data and Digital Revolution ETF 0.7 60 20 2.7 -0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 21 8.8 +5.4
KXI iShares Global Consumer Staples ETF 0.7 41 39 5.2 +1.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 45 3.9 +0.4
TOLL Tema Durable Quality ETF 0.7 75 5 4.1 +0.7
POW VistaShares Electrification Supercycle ETF 0.7 75 5 2.2 -1.3
FDTX Fidelity Disruptive Technology ETF 0.7 50 30 2.1 -1.3
BAI iShares AI Innovation and Tech Active ETF 0.7 55 25 1.2 -2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 31 7.9 +4.5
FTWO Strive FAANG 2.0 ETF 0.7 49 31 3.6 +0.2
ITEQ BlueStar Israel Technology ETF 0.7 75 5 1.3 -2.2
KLMN Invesco MSCI North America Climate ETF 0.7 9 71 4.5 +1.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 6.0 +2.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 10.0 +6.6
EFAS Global X MSCI SuperDividend EAFE ETF 0.6 57 23 7.2 +3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 24 9.8 +6.4
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 5 4.2 +0.8
ARGT Global X MSCI Argentina ETF 0.6 59 21 3.1 -0.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 55 6.5 +3.0
LST Leuthold Select Industries ETF 0.6 91 -11 5.1 +1.6
GPT Intelligent Alpha Atlas ETF 0.6 69 11 6.2 +2.8
FDNI First Trust Dow Jones International Internet ETF 0.6 65 15 23.5 +20.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 47 7.1 +3.6
EWK iShares MSCI Belgium ETF 0.6 50 30 3.9 +0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 36 9.1 +5.7
SIL Global X Silver Miners ETF 0.6 65 15 1.4 -2.0
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 55 8.7 +5.2
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 12.0 +8.5
PSP Invesco Global Listed Private Equity ETF 0.6 106 -26 6.9 +3.4
AAUM Tema Alternative Asset Managers ETF 0.6 99 -19 5.5 +2.0
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 5.1 +1.7
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 22 7.3 +3.9
FFTY Innovator IBD 50 ETF 0.6 80 0 0.0 -3.4
CLNR IQ Cleaner Transport ETF 0.5 45 35 3.9 +0.4
EWQ iShares MSCI France ETF 0.5 53 27 6.4 +2.9
OCEN IQ Clean Oceans ETF 0.5 45 35 4.5 +1.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 3.9 +0.4
AIS VistaShares Artificial Intelligence Supercycle ETF 0.5 75 5 1.6 -1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 21 2.5 -1.0
IXC iShares Global Energy ETF 0.5 44 36 7.2 +3.8
JEDI Defiance Drone and Modern Warfare ETF 0.5 69 11 1.2 -2.3
DTEC ALPS Disruptive Technologies ETF 0.5 50 30 4.1 +0.6
EWO iShares MSCI Austria ETF 0.5 50 30 7.8 +4.4
DINT Davis Select International ETF 0.5 55 25 6.1 +2.7
DWLD Davis Select Worldwide ETF 0.5 63 17 6.9 +3.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.5 70 10 9.0 +5.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 4.7 +1.3
FINX Global X FinTech ETF 0.5 68 12 3.2 -0.2
FRDM Freedom 100 Emerging Markets ETF 0.5 49 31 5.9 +2.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 65 9.3 +5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 32 9.0 +5.5
ICLN iShares Global Clean Energy ETF 0.5 41 39 1.9 -1.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 34 7.2 +3.8
HAP VanEck Natural Resources ETF 0.4 50 30 6.4 +3.0
GINN Goldman Sachs Innovate Equity ETF 0.4 52 28 4.0 +0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 56 5.7 +2.3
IQM Franklin Intelligent Machines ETF 0.4 50 30 1.2 -2.2
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 36 8.0 +4.5
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 3.5 +0.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.4 75 5 6.6 +3.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 51 6.6 +3.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 38 7.6 +4.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 41 7.9 +4.4
EIPX FT Energy Income Partners Strategy ETF 0.3 95 -15 5.7 +2.3
RVRB Reverb ETF 0.3 30 50 4.0 +0.6
DFEV Dimensional Emerging Markets Value ETF 0.3 43 37 10.1 +6.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 4.9 +1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 10 6.5 +3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 0 8.9 +5.5
GVLU Gotham 1000 Value ETF 0.2 50 30 8.4 +4.9
GXC SPDR S & P China ETF 0.2 59 21 17.6 +14.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 41 3.7 +0.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.2 60 20 9.3 +5.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.2 45 35 2.6 -0.9
FLCH Franklin FTSE China ETF 0.2 19 61 16.8 +13.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 9.5 +6.1
VEXC Vanguard Emerging Markets Ex-China ETF 0.2 7 73 5.9 +2.5
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 5.1 +1.6
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 73 9.2 +5.8
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 30 5.6 +2.2
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 67 1.8 -1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 4.6 +1.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 55 10.7 +7.2
WSGE Warren Street Global Equity ETF 0.1 80 0 3.0 -0.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.1 -0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 41 13.7 +10.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 31 9.0 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 60 4.3 +0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 65 5.9 +2.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 9.6 +6.1
VFVA Vanguard U.S. Value Factor ETF 0.1 13 67 9.8 +6.4
GWX SPDR S&P International Small Cap ETF 0.0 40 40 5.9 +2.4

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

  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 3.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.4 %
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.