Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 18.1x P/Sales
ratio		 2.3x
P/BV
ratio		 2.8x Div.
yield		 2.3%


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

FUND BASICS
Category International Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 28, 2007
Assets (mns) $452
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) $44,154
Large cap (>$10bn) 64.8%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 0.5%
Developed mkts 96.6%
Emerging mkts 3.4%

TOP TEN HOLDINGS
FUJIKURA LTD 3.0 %
BELIMO HOLDING AG 2.8 %
TECHNOLOGY ONE LTD 2.7 %
CONSTELLATION SOFTWARE INC 2.5 %
ABB LTD. 2.5 %
SAMSUNG TECHWIN CO LTD 2.5 %
FLUGHAFEN ZURICH AG 2.5 %
HYUNDAI ELECTRIC & ENERGY SYSTEMS 2.4 %
RHEINMETALL AG 2.4 %
HALMA PLC 1.9 %
Total 25.1 %

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 September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
31.3% 26.9% 10.5% 9.3% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 68%
MSCI EAFE 0.72 49%
MSCI Emg. Mkts. 0.56 34%

Technical Indicators
Recent close $46.88
30d moving avg. $47.26
Annualized volatility 15.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 39
Turnover 0.4%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 potential alternatives to the Invesco Dorsey Wright Developed Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIZ Expense: 80 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PIZ
Ticker Fund
Name		 Overlap1
vs PIZ
(%)		 Expense
ratio
(bp)		 Savings
vs PIZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PIZ
(%)
IMTM iShares MSCI Intl Momentum Factor ETF 23.6 30 50 5.5 +0.5
IDMO Invesco S&P International Developed Momentum ETF 22.2 25 55 5.4 +0.3
INTF iShares International Equity Factor ETF 17.2 15 65 7.7 +2.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.9 12 68 6.0 +0.9
FDEV Fidelity International Multifactor ETF 16.9 18 62 7.6 +2.6
EFG iShares MSCI EAFE Growth ETF 16.9 36 44 4.4 -0.7
IQLT iShares MSCI Intl Quality Factor ETF 16.5 30 50 6.3 +1.3
STXI Strive International Developed Markets ETF 16.1 29 51 6.7 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.0 25 55 7.2 +2.2
TPIF Timothy Plan International ETF 15.9 62 18 6.4 +1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 15.3 80 0 9.6 +4.6
UIVM VictoryShares International Value Momentum ETF 15.0 35 45 9.2 +4.1
FEP First Trust Europe AlphaDEX Fund 14.7 80 0 9.1 +4.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.6 25 55 7.3 +2.3
IEV iShares Europe ETF 14.3 67 13 6.9 +1.9
CIL VictoryShares International Volatility Wtd ETF 13.9 45 35 6.8 +1.7
FEUZ First Trust Eurozone AlphaDEX ETF 13.8 80 0 9.1 +4.1
BKIE BNY Mellon International Equity ETF 13.7 4 76 7.1 +2.1
VGK Vanguard FTSE Europe ETF 13.7 6 74 7.6 +2.5
IEUR iShares Core MSCI Europe ETF 13.7 11 69 7.4 +2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.7 46 34 6.6 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 60 6.4 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 13.6 9 71 7.2 +2.2
IMOM Alpha Architect International Quantitative Momentum ETF 13.3 49 31 3.2 -1.8
SPEU SPDR Portfolio Europe ETF 13.2 7 73 7.5 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 13.2 32 48 6.2 +1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 13.2 20 60 7.1 +2.0
EFA iShares MSCI EAFE ETF 13.2 35 45 6.8 +1.7
QINT American Century Quality Diversified International ETF 13.0 39 41 7.4 +2.4
DFSI Dimensional International Sustainability Core 1 ETF 12.8 24 56 6.4 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.8 36 44 6.5 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 12.7 20 60 7.0 +2.0
IDEV iShares Core MSCI International Developed Markets ETF 12.6 4 76 7.0 +2.0
ESGD iShares ESG Aware MSCI EAFE ETF 12.6 20 60 6.8 +1.7
AVSD Avantis Responsible International Equity ETF 12.6 23 57 5.7 +0.7
VEA Vanguard FTSE Developed Markets ETF 12.5 3 77 7.3 +2.2
TTAI FCF International Quality ETF 12.3 59 21 7.4 +2.3
FLEE Franklin FTSE Europe ETF 12.2 9 71 7.3 +2.3
IMFL Invesco International Developed Dynamic Multifactor ETF 12.2 34 46 6.2 +1.1
FENI Fidelity Enhanced International ETF 12.2 28 52 6.6 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.2 45 35 6.9 +1.9
EZU iShares MSCI Eurozone ETF 12.1 52 28 6.7 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.1 39 41 6.8 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 12.1 3 77 7.0 +2.0
SCHF Schwab International Equity ETF 12.0 6 74 7.3 +2.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 11.9 30 50 7.1 +2.1
IEFA iShares Core MSCI EAFE ETF 11.8 7 73 7.1 +2.0
DFAI Dimensional International Core Equity Market ETF 11.8 18 62 7.2 +2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.8 29 51 7.9 +2.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 11.6 20 60 6.5 +1.4
DIHP Dimensional International High Profitability ETF 11.6 29 51 7.2 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 11.3 29 51 6.7 +1.6
OEUR ALPS O'Shares Europe Quality Dividend ETF 11.1 48 32 5.9 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 10.9 12 68 5.6 +0.5
JHMD John Hancock Multifactor Developed International ETF 10.8 39 41 7.7 +2.6
DWMF WisdomTree International Multifactor Fund 10.6 38 42 7.2 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 10.6 34 46 7.7 +2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.5 41 39 7.4 +2.3
EWC iShares MSCI Canada ETF 10.5 50 30 6.0 +1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.5 18 62 8.0 +3.0
AVDE Avantis International Equity ETF 10.5 23 57 7.4 +2.4
CWI SPDR MSCI ACWI ex-US ETF 10.4 30 50 7.6 +2.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 10.3 24 56 7.7 +2.7
UMMA Wahed Dow Jones Islamic World ETF 10.2 65 15 5.3 +0.3
EXI iShares Global Industrials ETF 10.1 42 38 4.6 -0.5
VIGI Vanguard International Dividend Appreciation ETF 10.1 10 70 6.5 +1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 9.9 37 43 8.6 +3.6
DOL WisdomTree International LargeCap Dividend Fund 9.9 48 32 7.3 +2.3
DFIC Dimensional International Core Equity 2 ETF 9.8 23 57 7.5 +2.5
FICS First Trust International Developed Capital Strength ETF 9.7 70 10 7.5 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 9.6 4 76 8.2 +3.1
IDLV Invesco S&P International Developed Low Volatility ETF 9.6 25 55 6.5 +1.5
IXUS iShares Core MSCI Total International Stock ETF 9.5 7 73 7.9 +2.9
VXUS Vanguard Total International Stock ETF 9.5 5 75 7.9 +2.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.4 35 45 6.7 +1.7
BBCA JPMorgan BetaBuilders Canada ETF 9.4 19 61 6.3 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 9.3 24 56 7.2 +2.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 9.2 22 58 5.9 +0.9
IQSI IQ Candriam International Equity ETF 9.2 15 65 6.7 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.2 39 41 8.0 +3.0
DWM WisdomTree International Equity Fund 9.1 48 32 7.5 +2.5
EUDV ProShares MSCI Europe Dividend Growers ETF 9.1 55 25 6.4 +1.4
EUFN iShares MSCI Europe Financials ETF 9.0 51 29 8.0 +3.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.9 40 40 7.5 +2.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.7 58 22 7.1 +2.1
IQDG WisdomTree International Quality Dividend Growth Fund 8.7 42 38 7.4 +2.4
CGIE Capital Group International Equity ETF 8.7 54 26 5.1 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.7 45 35 8.9 +3.9
DIM WisdomTree International MidCap Dividend Fund 8.6 58 22 7.8 +2.7
AVIV Avantis International Large Cap Value ETF 8.6 25 55 8.6 +3.6
FSZ First Trust Switzerland AlphaDEX Fund 8.6 80 0 5.5 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 8.5 9 71 8.1 +3.0
VSGX Vanguard ESG International Stock ETF 8.5 10 70 7.7 +2.7
RFDI First Trust Riverfront Dynamic Developed International ETF 8.4 83 -3 9.6 +4.6
FEZ SPDR EURO STOXX 50 ETF 8.2 29 51 7.2 +2.1
IGRO iShares International Dividend Growth ETF 8.1 15 65 7.4 +2.3
RODE Hartford Multifactor Diversified International ETF 8.1 29 51 11.5 +6.4
JIG JPMorgan International Growth ETF 8.1 55 25 4.8 -0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.1 80 0 9.3 +4.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.9 58 22 7.0 +2.0
FLCA Franklin FTSE Canada ETF 7.8 9 71 6.4 +1.4
EWY iShares MSCI South Korea ETF 7.5 58 22 8.0 +3.0
HEDJ WisdomTree Europe Hedged Equity Fund 7.5 58 22 6.6 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.4 14 66 6.2 +1.2
DAX Global X DAX Germany ETF 7.4 21 59 6.8 +1.7
EWG iShares MSCI Germany ETF 7.4 50 30 6.4 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.4 30 50 8.0 +2.9
SHLD Global X Defense Tech ETF 7.3 50 30 3.0 -2.0
FIVA Fidelity International Value Factor ETF 7.3 18 62 9.9 +4.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.3 50 30 6.2 +1.1
DXIV Dimensional International Vector Equity ETF 6.9 34 46 8.0 +2.9
IXG iShares Global Financials ETF 6.8 42 38 6.8 +1.7
PIO Invesco Global Water ETF 6.8 75 5 4.3 -0.7
EWL iShares MSCI Switzerland ETF 6.8 50 30 6.3 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 6.6 25 55 9.6 +4.6
OAIM OneAscent International Equity ETF 6.5 95 -15 5.8 +0.7
VYMI Vanguard International High Dividend Yield ETF 6.5 17 63 9.8 +4.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.5 42 38 7.3 +2.3
FLKR Franklin FTSE South Korea ETF 6.4 9 71 8.7 +3.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.4 65 15 4.2 -0.8
WWJD Inspire International ETF 6.4 80 0 7.5 +2.4
NATO Themes Transatlantic Defense ETF 6.3 35 45 2.4 -2.7
GLOF iShares Global Equity Factor ETF 6.2 20 60 6.6 +1.5
FJP First Trust Japan AlphaDEX Fund 6.2 80 0 9.3 +4.2
EFV iShares MSCI EAFE Value ETF 6.0 34 46 9.2 +4.2
VPL Vanguard FTSE Pacific ETF 6.0 7 73 7.0 +1.9
KNO AXS Knowledge Leaders ETF 5.9 78 2 6.2 +1.1
JHID John Hancock International High Dividend ETF 5.8 46 34 9.6 +4.6
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 5.7 60 20 3.6 -1.4
DTAN Sparkline International Intangible Value ETF 5.7 55 25 8.7 +3.7
SCHC Schwab International Small-Cap Equity ETF 5.7 11 69 6.7 +1.6
IVLU iShares MSCI Intl Value Factor ETF 5.6 30 50 10.6 +5.5
FIDI Fidelity International High Dividend ETF 5.5 18 62 8.7 +3.7
IPAC iShares Core MSCI Pacific ETF 5.5 9 71 6.5 +1.4
FLGR Franklin FTSE Germany ETF 5.4 9 71 7.1 +2.1
CGXU Capital Group International Focus Equity ETF 5.4 54 26 5.5 +0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.3 25 55 6.0 +1.0
VIDI Vident International Equity Strategy ETF 5.3 61 19 11.1 +6.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.2 80 0 6.2 +1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.1 58 22 4.6 -0.5
JPXN iShares JPX-Nikkei 400 ETF 5.1 48 32 6.8 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.1 12 68 5.2 +0.1
AZTD Aztlan Global Stock Selection DM SMID ETF 5.1 75 5 8.0 +2.9
FLSW Franklin FTSE Switzerland ETF 5.0 9 71 6.3 +1.3
WLDR Affinity World Leaders Equity ETF 5.0 67 13 7.5 +2.5
PPIE Putnam PanAgora ESG International Equity ETF 4.9 49 31 7.4 +2.4
EWJ iShares MSCI Japan ETF 4.9 50 30 6.3 +1.3
FGM First Trust Germany AlphaDEX Fund 4.9 80 0 6.3 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 4.8 8 72 6.2 +1.2
DGT SPDR Global Dow ETF 4.8 50 30 7.0 +2.0
RFEU First Trust Riverfront Dynamic Europe ETF 4.8 83 -3 10.6 +5.6
DFIV Dimensional International Value ETF 4.8 27 53 9.8 +4.8
ESGG FlexShares STOXX Global ESG Select Index Fund 4.7 42 38 5.4 +0.4
DTH WisdomTree International High Dividend Fund 4.6 58 22 8.7 +3.6
EWI iShares MSCI Italy ETF 4.6 50 30 10.9 +5.9
CZAR Themes Natural Monopoly ETF 4.6 35 45 5.8 +0.8
FLJP Franklin FTSE Japan ETF 4.5 9 71 6.5 +1.4
KLMT Invesco MSCI Global Climate 500 ETF 4.5 10 70 5.8 +0.7
FLJH Franklin FTSE Japan Hedged ETF 4.5 9 71 6.0 +1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.5 25 55 7.1 +2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 33 8.5 +3.5
PATN Pacer Nasdaq International Patent Leaders ETF 4.4 65 15 6.0 +0.9
BBJP JPMorgan BetaBuilders Japan ETF 4.4 19 61 6.9 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 4.3 30 50 6.0 +1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.3 47 33 6.1 +1.1
FNDC Schwab Fundamental International Small Co. Index ETF 4.3 39 41 5.9 +0.9
IPKW Invesco International BuyBack Achievers ETF 4.2 55 25 13.0 +7.9
IQDF FlexShares International Quality Dividend Index Fund 4.2 47 33 9.1 +4.1
NUDM Nuveen ESG International Developed Markets Equity ETF 4.2 31 49 6.2 +1.2
INEQ Columbia International Equity Income ETF 4.1 45 35 8.3 +3.2
FEOE First Eagle Overseas Equity ETF 4.1 79 1 7.9 +2.8
AVDV Avantis International Small Cap Value ETF 4.1 36 44 9.4 +4.4
URTH iShares MSCI World ETF 4.1 24 56 5.1 +0.1
EWU iShares MSCI United Kingdom ETF 4.1 50 30 8.2 +3.2
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -9 5.0 -0.1
FLGB Franklin FTSE United Kingdom ETF 4.0 9 71 7.6 +2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 4.0 9 71 5.2 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 3.9 9 71 9.3 +4.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.9 58 22 8.6 +3.6
SHPP Pacer Industrials and Logistics ETF 3.8 60 20 8.9 +3.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.8 49 31 7.0 +2.0
ACWI iShares MSCI ACWI ETF 3.8 32 48 5.6 +0.5
TOK iShares MSCI Kokusai ETF 3.8 26 54 5.0 +0.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.8 70 10 5.0 -0.0
CGDG Capital Group Dividend Growers ETF 3.7 47 33 6.4 +1.3
EMM Global X Emerging Markets ex-China ETF 3.6 75 5 6.5 +1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.6 29 51 6.8 +1.8
CGW Invesco S&P Global Water Index ETF 3.6 57 23 4.8 -0.3
IBOT Vaneck Robotics ETF 3.6 47 33 4.3 -0.8
SAGP Strategas Global Policy Opportunities ETF 3.6 65 15 5.5 +0.5
NUKZ Range Nuclear Renaissance Index ETF 3.6 85 -5 1.8 -3.3
DXJ WisdomTree Japan Hedged Equity Fund 3.6 48 32 7.5 +2.4
IEUS iShares MSCI Europe Small-Cap ETF 3.5 42 38 7.4 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.5 9 71 5.7 +0.7
CGGO Capital Group Global Growth Equity ETF 3.5 47 33 4.7 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 60 5.7 +0.6
VT Vanguard Total World Stock ETF 3.4 6 74 5.9 +0.9
OSEA Harbor International Compounders ETF 3.4 55 25 4.9 -0.2
FKU First Trust United Kingdom AlphaDEX Fund 3.4 80 0 7.4 +2.3
BLES Inspire Global Hope ETF 3.4 61 19 6.9 +1.9
IQM Franklin Intelligent Machines ETF 3.4 50 30 1.9 -3.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 15 8.0 +2.9
DEW WisdomTree Global High Dividend Fund 3.3 58 22 8.6 +3.6
VWID Virtus WMC International Dividend ETF 3.2 49 31 8.6 +3.6
EWS iShares MSCI Singapore ETF 3.2 50 30 4.9 -0.1
BKCI BNY Mellon Concentrated International ETF 3.1 80 0 5.3 +0.2
FEGE First Eagle Global Equity ETF 3.1 79 1 6.9 +1.9
DFIS Dimensional International Small Cap ETF 3.0 39 41 7.4 +2.3
EPP iShares MSCI Pacific ex-Japan ETF 2.9 47 33 5.2 +0.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 28 7.8 +2.8
SNSR Global X Internet of Things ETF 2.9 68 12 4.7 -0.3
CRTC Xtrackers US National Critical Technologies ETF 2.8 35 45 4.8 -0.2
EDEN iShares MSCI Denmark ETF 2.8 53 27 7.1 +2.1
FTHF First Trust Emerging Markets Human Flourishing ETF 2.7 75 5 8.1 +3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 35 4.0 -1.0
ISCF iShares International SmallCap Equity Factor ETF 2.7 23 57 8.3 +3.3
AIVI WisdomTree International AI Enhanced Value Fund 2.7 58 22 7.3 +2.3
FPXI First Trust International Equity Opportunities ETF 2.7 70 10 4.3 -0.8
GLBL Pacer MSCI World Industry Advantage ETF 2.6 65 15 4.2 -0.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.6 85 -5 4.0 -1.1
BCDF Horizon Kinetics Blockchain Development ETF 2.6 85 -5 4.1 -0.9
RW Rainwater Equity ETF 2.5 125 -45 3.2 -1.9
RXI iShares Global Consumer Discretionary ETF 2.5 41 39 9.5 +4.5
PCGG Polen Capital Global Growth ETF 2.5 85 -5 3.9 -1.1
RAYD Rayliant Quantitative Developed Market Equity ETF 2.5 80 0 4.4 -0.6
KOCG FIS Knights of Columbus Global Belief ETF 2.5 75 5 5.3 +0.2
QTUM Defiance Quantum ETF 2.5 40 40 5.1 +0.0
JGLO JPMorgan Global Select Equity ETF 2.5 33 47 5.1 +0.0
HART IQ Healthy Hearts ETF 2.5 45 35 6.7 +1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 2.5 69 11 2.3 -2.7
IBAT iShares Energy Storage & Materials ETF 2.5 47 33 3.5 -1.6
IDRV iShares Self-driving EV & Tech ETF 2.5 47 33 1.9 -3.2
RSHO Tema American Reshoring ETF 2.5 75 5 4.6 -0.4
VOLT Tema Electrification ETF 2.5 75 5 2.6 -2.5
XT iShares Exponential Technologies ETF 2.5 46 34 4.8 -0.2
FAN First Trust Global Wind Energy ETF 2.5 60 20 4.3 -0.7
IGF iShares Global Infrastructure ETF 2.5 41 39 4.7 -0.4
GII SPDR S&P Global Infrastructure ETF 2.4 40 40 4.7 -0.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.4 19 61 6.0 +1.0
RCGE RockCreek Global Equality ETF 2.4 95 -15 6.9 +1.9
MOTI VanEck Morningstar International Moat ETF 2.4 58 22 12.0 +7.0
ISRA VanEck Israel ETF 2.4 59 21 7.1 +2.1
AVES Avantis Emerging Markets Value ETF 2.4 36 44 11.3 +6.3
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 25 7.9 +2.8
RGEF Rockefeller Global Equity ETF 2.3 55 25 4.8 -0.2
DIVS SmartETFs Dividend Builder ETF 2.2 65 15 5.1 +0.1
GREK Global X MSCI Greece ETF 2.2 57 23 10.7 +5.7
EBLU Ecofin Global Water ESG Fund 2.2 40 40 4.3 -0.7
EYLD Cambria Emerging Shareholder Yield ETF 2.2 66 14 13.0 +8.0
EWD iShares MSCI Sweden ETF 2.2 54 26 5.4 +0.3
RING iShares MSCI Global Gold Miners ETF 2.2 39 41 3.8 -1.2
SLVP iShares MSCI Global Silver Miners ETF 2.2 39 41 5.4 +0.4
SCHY Schwab International Dividend Equity ETF 2.2 14 66 9.9 +4.8
PBD Invesco Global Clean Energy ETF 2.1 75 5 -0.4 -5.4
SCZ iShares MSCI EAFE Small-Cap ETF 2.1 40 40 7.0 +2.0
IXJ iShares Global Healthcare ETF 2.1 42 38 7.1 +2.1
IOO iShares Global 100 ETF 2.1 41 39 4.7 -0.3
EWA iShares MSCI Australia ETF 2.1 50 30 5.8 +0.8
GVAL Cambria Global Value ETF 2.1 68 12 10.7 +5.7
EWP iShares MSCI Spain ETF 2.1 50 30 7.1 +2.1
PID Invesco International Dividend Achievers ETF 2.0 53 27 5.6 +0.6
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 20 8.1 +3.0
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 40 10.4 +5.3
ACWV iShares MSCI Global Min Vol Factor ETF 2.0 20 60 6.3 +1.2
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 55 7.6 +2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.0 70 10 9.3 +4.3
FLAU Franklin FTSE Australia ETF 1.9 9 71 6.2 +1.2
STXE Strive Emerging Markets Ex-China ETF 1.9 32 48 7.7 +2.7
WRND IQ Global Equity R&D Leaders ETF 1.9 18 62 8.1 +3.1
JETS U.S. Global Jets ETF 1.8 60 20 3.0 -2.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.8 41 39 6.7 +1.7
AGNG Global X Aging Population ETF 1.8 50 30 4.9 -0.1
GDOC Goldman Sachs Future Health Care Equity ETF 1.8 75 5 2.8 -2.2
HRTS Tema Heart & Health ETF 1.8 75 5 1.2 -3.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.8 19 61 9.2 +4.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.8 33 47 10.0 +5.0
WDIV SPDR S&P Global Dividend ETF 1.8 40 40 9.5 +4.5
AVEM Avantis Emerging Markets Equity ETF 1.8 33 47 8.7 +3.7
EIS iShares MSCI Israel ETF 1.8 58 22 7.7 +2.7
IXN iShares Global Tech ETF 1.8 41 39 3.5 -1.5
SGDM Sprott Gold Miners ETF 1.7 50 30 2.9 -2.2
URA Global X Uranium ETF 1.7 69 11 1.2 -3.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.7 95 -15 12.0 +7.0
EWQ iShares MSCI France ETF 1.7 53 27 7.4 +2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.7 45 35 10.3 +5.3
XCEM Columbia EM Core ex-China ETF 1.6 16 64 8.2 +3.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.6 49 31 9.7 +4.6
GSIB Themes Global Systemically Important Banks ETF 1.6 35 45 9.5 +4.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.6 46 34 5.7 +0.7
GINN Goldman Sachs Innovate Equity ETF 1.6 52 28 3.6 -1.4
AIQ Global X Artificial Intelligence & Technology ETF 1.5 68 12 3.6 -1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 48 7.0 +1.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.5 65 15 12.3 +7.2
GOEX Global X Gold Explorers ETF 1.4 65 15 2.5 -2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 50 10.3 +5.3
FDTX Fidelity Disruptive Technology ETF 1.4 50 30 2.7 -2.3
FYLD Cambria Foreign Shareholder Yield ETF 1.4 59 21 12.0 +7.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 14 9.4 +4.4
AUMI Themes Gold Miners ETF 1.4 35 45 3.7 -1.3
NANR SPDR S&P North American Natural Resources ETF 1.4 35 45 7.8 +2.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 31 10.2 +5.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 44 9.7 +4.7
EIRL iShares MSCI Ireland ETF 1.4 50 30 8.8 +3.7
NETZ TCW Transform Systems ETF 1.4 75 5 2.3 -2.7
ETEC iShares Breakthrough Environmental Solutions ETF 1.4 47 33 3.3 -1.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 69 10.1 +5.1
HEAL Global X HealthTech ETF 1.4 50 30 -0.6 -5.6
FDHT Fidelity Digital Health ETF 1.4 39 41 0.9 -4.1
AIA iShares Asia 50 ETF 1.4 50 30 12.2 +7.2
EEM iShares MSCI Emerging Markets ETF 1.3 69 11 10.2 +5.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.3 50 30 11.3 +6.3
MXI iShares Global Materials ETF 1.3 41 39 7.6 +2.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.3 15 65 10.3 +5.2
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 64 8.6 +3.5
XC WisdomTree Emerging Markets Ex-China Fund 1.3 32 48 6.4 +1.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.3 57 23 8.6 +3.5
KXI iShares Global Consumer Staples ETF 1.3 41 39 5.7 +0.7
IQRA IQ CBRE Real Assets ETF 1.3 65 15 5.8 +0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 39 8.8 +3.8
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 63 14.1 +9.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.2 55 25 7.8 +2.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 27 7.9 +2.9
CGGR Capital Group Growth ETF 1.2 39 41 3.2 -1.8
IDV iShares International Select Dividend ETF 1.2 51 29 10.9 +5.9
EMC Global X Emerging Markets Great Consumer ETF 1.2 75 5 11.1 +6.1
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 45 9.4 +4.3
BLLD JPMorgan Sustainable Infrastructure ETF 1.2 49 31 6.2 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 55 11.7 +6.7
CLNR IQ Cleaner Transport ETF 1.1 45 35 6.7 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 71 10.5 +5.4
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 21 7.6 +2.6
XDAT Franklin Exponential Data ETF 1.1 50 30 2.2 -2.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 31 10.2 +5.2
AVDS Avantis International Small Cap Equity ETF 1.1 30 50 7.3 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 47 8.7 +3.6
FINE Themes European Luxury ETF 1.1 35 45 3.7 -1.4
CGV Conductor Global Equity Value ETF 1.0 130 -50 8.5 +3.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 42 9.3 +4.3
TEMP JPMorgan Climate Change Solutions ETF 1.0 49 31 5.7 +0.7
ABLG Abacus FCF International Leaders ETF 1.0 59 21 7.0 +2.0
BULD Pacer BlueStar Engineering the Future ETF 1.0 60 20 0.4 -4.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 48 9.2 +4.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.0 88 -8 8.7 +3.7
AGQI First Trust Active Global Quality Income ETF 1.0 85 -5 4.9 -0.1
JXI iShares Global Utilities ETF 1.0 43 37 5.6 +0.5
EWN iShares MSCI Netherlands ETF 0.9 50 30 5.3 +0.3
ECON Columbia Emerging Markets Consumer ETF 0.9 49 31 12.2 +7.2
KNCT Invesco Next Gen Connectivity ETF 0.9 40 40 4.7 -0.4
EWJV iShares MSCI Japan Value ETF 0.9 15 65 9.1 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.9 59 21 9.0 +4.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 5 9.1 +4.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 15 2.0 -3.1
KLMN Invesco MSCI North America Climate ETF 0.8 9 71 5.0 -0.0
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.8 60 20 3.3 -1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 36 10.8 +5.8
GNR SPDR S&P Global Natural Resources ETF 0.7 40 40 11.1 +6.1
FTWO Strive FAANG 2.0 ETF 0.7 49 31 4.1 -0.9
DARP Grizzle Growth ETF 0.7 75 5 2.8 -2.3
ASEA Global X FTSE Southeast Asia ETF 0.7 65 15 7.0 +1.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 1 8.6 +3.6
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 31 7.8 +2.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 32 7.6 +2.5
OGIG ALPS O'Shares Global Internet Giants ETF 0.7 48 32 1.6 -3.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.7 61 19 1.2 -3.9
CLOD Themes Cloud Computing ETF 0.7 35 45 3.2 -1.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.7 75 5 3.1 -2.0
IVES Wedbush ETFMG Global Cloud Technology ETF 0.7 68 12 6.6 +1.5
ARTY iShares Future AI & Tech ETF 0.7 47 33 3.3 -1.7
AIVC Amplify Bloomberg AI Value Chain ETF 0.7 59 21 5.1 +0.1
TOLL Tema Durable Quality ETF 0.7 75 5 5.3 +0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 24 11.2 +6.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 10 7.6 +2.6
GDXJ VanEck Junior Gold Miners ETF 0.6 52 28 3.7 -1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.6 30 50 9.3 +4.3
IDOG ALPS International Sector Dividend Dogs ETF 0.6 50 30 12.5 +7.4
BOAT SonicShares Global Shipping ETF 0.6 69 11 29.9 +24.9
OCEN IQ Clean Oceans ETF 0.6 45 35 6.1 +1.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.6 79 1 4.8 -0.2
TRFK Pacer Data and Digital Revolution ETF 0.6 60 20 2.8 -2.3
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 5 2.6 -2.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 9.7 +4.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 22 8.3 +3.3
ITEQ BlueStar Israel Technology ETF 0.6 75 5 1.7 -3.4
DFEV Dimensional Emerging Markets Value ETF 0.6 43 37 13.5 +8.5
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 55 10.1 +5.1
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 8.7 +3.6
EWK iShares MSCI Belgium ETF 0.6 50 30 4.4 -0.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 21 4.3 -0.7
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 22 8.3 +3.3
ICLN iShares Global Clean Energy ETF 0.6 41 39 4.8 -0.3
BINV Brandes International ETF 0.6 70 10 9.4 +4.4
BJK VanEck Gaming ETF 0.6 65 15 4.6 -0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 47 8.5 +3.5
DTEC ALPS Disruptive Technologies ETF 0.6 50 30 3.9 -1.1
NXTG First Trust Indxx NextG ETF 0.6 70 10 5.2 +0.2
HYDR Global X Hydrogen ETF 0.6 50 30 -2.9 -7.9
GINX SGI Enhanced Global Income ETF 0.6 98 -18 7.2 +2.2
EWO iShares MSCI Austria ETF 0.5 50 30 10.9 +5.8
COPY Tweedy, Browne Insider + Value ETF 0.5 80 0 12.1 +7.1
FDD First Trust Stoxx European Select Dividend Index Fund 0.5 58 22 11.7 +6.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 65 7.9 +2.8
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 41 9.2 +4.2
SSPX Janus Henderson U.S. Sustainable Equity ETF 0.5 55 25 4.2 -0.8
LOWV AB US Low Volatility Equity ETF 0.5 48 32 5.2 +0.2
PHO Invesco Water Resources ETF 0.5 60 20 4.5 -0.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 5.4 +0.3
PEX ProShares Global Listed Private Equity ETF 0.5 81 -1 12.0 +6.9
PSP Invesco Global Listed Private Equity ETF 0.5 106 -26 6.3 +1.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 41 10.5 +5.4
NORW Global X MSCI Norway ETF 0.5 50 30 10.9 +5.9
ENOR iShares MSCI Norway ETF 0.5 53 27 11.1 +6.1
DWX SPDR S&P International Dividend ETF 0.5 45 35 6.3 +1.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 38 10.0 +5.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 44 7.9 +2.9
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 35 6.3 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 0 10.8 +5.7
EFNL iShares MSCI Finland ETF 0.4 56 24 7.0 +2.0
DISV Dimensional International Small Cap Value ETF 0.4 42 38 9.1 +4.0
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 4.1 -1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.9 +0.8
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 6.9 +1.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 56 8.0 +2.9
UFO Procure Space ETF 0.3 75 5 0.1 -4.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 12 2.4 -2.6
RVRB Reverb ETF 0.2 30 50 4.6 -0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 65 7.8 +2.7
SCHE Schwab Emerging Markets Equity ETF 0.2 11 69 11.0 +6.0
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 4.4 -0.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 73 10.3 +5.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 45 18.1 +13.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 16.5 +11.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 3.7 -1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 5.9 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 10.6 +5.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 22 10.2 +5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 36 12.2 +7.2
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 2.9 -2.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 55 6.7 +1.6
GWX SPDR S&P International Small Cap ETF 0.0 40 40 6.1 +1.0

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Invesco Dorsey Wright Developed Markets Momentum ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


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

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.63
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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