Putnam PanAgora ESG International Equity ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 1.4x
P/BV
ratio		 1.9x Div.
yield		 3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Putnam PanAgora ESG International Equity ETF seeks to provide long-term capital appreciation by investing in non-U.S. equity securities with a focus on environmental, social, and governance (ESG) factors.

FUND BASICS
Category International Equities
Fund Sponsor Putnam
Website www.putnam.com/Individual/etf/853-putnam-panagora-esg-international-equity-etf
Inception date Jan 19, 2023
Assets (mns) $253
Currency USD
Expense ratio 49 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 94
Wgt avg mkt cap (mns) $71,557
Large cap (>$10bn) 90.0%
Mid cap ($2-10bn) 10.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVARTIS AG 4.0 %
SONY CORP 4.0 %
INTESA SANPAOLO S.P.A. 3.5 %
SWISS RE AG 3.5 %
3I GROUP PLC 3.4 %
VINCI SA 2.9 %
NOVO NORDISK A/S-B 2.7 %
NEC CORP 2.7 %
ASML HOLDING NV-NY REG SHS 2.4 %
TESCO PLC 2.4 %
Total 31.5 %

TOP COUNTRY EXPOSURE
JAPAN 20.3 %
BRITAIN 12.2 %
FRANCE 11.2 %
SWITZERLAND 9.4 %
GERMANY 7.7 %
ITALY 4.2 %
AUSTRALIA 4.0 %
NETHERLANDS 3.8 %
DENMARK 3.7 %
SPAIN 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.0% 9.2% -- -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 0.68 45%
MSCI EAFE 0.73 58%
MSCI Emg. Mkts. 0.63 37%

Technical Indicators
Recent close $27.37
30d moving avg. $26.89
Annualized volatility 12.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.1%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $6,878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 477 potential alternatives to the Putnam PanAgora ESG International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with PPIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PPIE Expense: 49 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PPIE
Ticker Fund
Name		 Overlap1
vs PPIE
(%)		 Expense
ratio
(bp)		 Savings
vs PPIE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PPIE
(%)
NUDM Nuveen ESG International Developed Markets Equity ETF 24.0 31 18 6.3 -1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.4 14 35 6.2 -1.2
ESGD iShares ESG Aware MSCI EAFE ETF 21.1 20 29 6.7 -0.7
DOL WisdomTree International LargeCap Dividend Fund 19.4 48 1 7.2 -0.3
JIRE JPMorgan International Research Enhanced Equity ETF 19.4 24 25 7.2 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 19.0 9 40 7.9 +0.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 18.8 48 1 6.1 -1.4
FENI Fidelity Enhanced International ETF 18.8 28 21 6.6 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.8 9 40 9.1 +1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 18.7 12 37 5.5 -1.9
LVHI Franklin International Low Volatility High Dividend Index ET 18.0 40 9 10.3 +2.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.9 46 3 6.7 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.7 25 24 7.3 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 17.7 9 40 7.2 -0.2
EFV iShares MSCI EAFE Value ETF 17.6 34 15 9.1 +1.6
STXI Strive International Developed Markets ETF 17.4 29 20 6.7 -0.8
RFEU First Trust Riverfront Dynamic Europe ETF 17.4 83 -34 10.6 +3.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.3 36 13 6.5 -0.9
JHMD John Hancock Multifactor Developed International ETF 17.3 39 10 7.6 +0.1
IEV iShares Europe ETF 17.2 67 -18 6.9 -0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.0 35 14 6.6 -0.8
FLEE Franklin FTSE Europe ETF 16.9 9 40 7.3 -0.1
VWID Virtus WMC International Dividend ETF 16.9 49 0 8.5 +1.0
GSID Goldman Sachs MarketBeta International Equity ETF 16.9 20 29 6.9 -0.5
EFA iShares MSCI EAFE ETF 16.8 35 14 6.7 -0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 16.8 20 29 7.1 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 16.7 83 -34 9.4 +1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.4 30 19 7.0 -0.4
IVLU iShares MSCI Intl Value Factor ETF 16.3 30 19 10.4 +2.9
IMFL Invesco International Developed Dynamic Multifactor ETF 16.2 34 15 6.1 -1.4
EZU iShares MSCI Eurozone ETF 16.1 52 -3 6.8 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.1 45 4 6.9 -0.5
FIVA Fidelity International Value Factor ETF 16.0 18 31 9.9 +2.4
VIGI Vanguard International Dividend Appreciation ETF 15.6 10 39 6.3 -1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.4 12 37 6.0 -1.5
IQLT iShares MSCI Intl Quality Factor ETF 15.2 30 19 6.3 -1.2
IEUR iShares Core MSCI Europe ETF 15.2 11 38 7.4 -0.0
DWM WisdomTree International Equity Fund 15.1 48 1 7.4 -0.1
BKIE BNY Mellon International Equity ETF 15.1 4 45 7.0 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.0 40 9 7.4 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.0 20 29 6.3 -1.1
VGK Vanguard FTSE Europe ETF 15.0 6 43 7.5 +0.1
IQSI IQ Candriam International Equity ETF 15.0 15 34 6.6 -0.8
IQDF FlexShares International Quality Dividend Index Fund 14.6 47 2 8.9 +1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 14.5 20 29 6.5 -1.0
EFG iShares MSCI EAFE Growth ETF 14.4 36 13 4.4 -3.1
IEFA iShares Core MSCI EAFE ETF 14.3 7 42 7.0 -0.4
SPEU SPDR Portfolio Europe ETF 14.3 7 42 7.4 -0.0
EWJ iShares MSCI Japan ETF 14.2 50 -1 6.2 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.1 25 24 7.1 -0.4
FDEV Fidelity International Multifactor ETF 14.0 18 31 7.5 +0.0
INEQ Columbia International Equity Income ETF 13.9 45 4 8.1 +0.6
DWMF WisdomTree International Multifactor Fund 13.6 38 11 7.0 -0.4
FEZ SPDR EURO STOXX 50 ETF 13.6 29 20 7.2 -0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 13.5 47 2 6.2 -1.2
BBJP JPMorgan BetaBuilders Japan ETF 13.2 19 30 6.8 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.1 45 4 8.8 +1.4
DIHP Dimensional International High Profitability ETF 13.1 29 20 7.2 -0.3
SCHF Schwab International Equity ETF 13.0 6 43 7.3 -0.1
VYMI Vanguard International High Dividend Yield ETF 13.0 17 32 9.5 +2.1
DTH WisdomTree International High Dividend Fund 13.0 58 -9 8.4 +1.0
UMMA Wahed Dow Jones Islamic World ETF 13.0 65 -16 5.4 -2.0
IGRO iShares International Dividend Growth ETF 12.9 15 34 7.3 -0.2
IMTM iShares MSCI Intl Momentum Factor ETF 12.9 30 19 5.5 -2.0
INTF iShares International Equity Factor ETF 12.8 15 34 7.6 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 12.8 4 45 7.0 -0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.5 25 24 7.0 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.5 29 20 7.7 +0.3
DFAI Dimensional International Core Equity Market ETF 12.4 18 31 7.1 -0.3
QINT American Century Quality Diversified International ETF 12.4 39 10 7.3 -0.1
JPXN iShares JPX-Nikkei 400 ETF 12.4 48 1 6.7 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 12.1 3 46 7.0 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 12.1 37 12 8.3 +0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 12.1 22 27 5.8 -1.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.1 58 -9 6.9 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 12.1 25 24 9.6 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 12.0 65 -16 12.1 +4.6
SCHY Schwab International Dividend Equity ETF 12.0 14 35 9.7 +2.2
VEA Vanguard FTSE Developed Markets ETF 12.0 3 46 7.2 -0.2
FLJP Franklin FTSE Japan ETF 11.9 9 40 6.3 -1.1
IDHQ Invesco S&P International Developed High Quality ETF 11.7 29 20 6.6 -0.8
AVIV Avantis International Large Cap Value ETF 11.7 25 24 8.6 +1.1
FLJH Franklin FTSE Japan Hedged ETF 11.7 9 40 6.1 -1.3
IPAC iShares Core MSCI Pacific ETF 11.6 9 40 6.3 -1.1
CGIE Capital Group International Equity ETF 11.2 54 -5 5.1 -2.3
EUFN iShares MSCI Europe Financials ETF 11.1 51 -2 7.9 +0.5
EWQ iShares MSCI France ETF 11.1 53 -4 7.3 -0.1
DFSI Dimensional International Sustainability Core 1 ETF 10.9 24 25 6.3 -1.1
CWI SPDR MSCI ACWI ex-US ETF 10.9 30 19 7.7 +0.2
FICS First Trust International Developed Capital Strength ETF 10.9 70 -21 7.3 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.8 41 8 7.5 +0.0
JIG JPMorgan International Growth ETF 10.8 55 -6 4.8 -2.7
CIL VictoryShares International Volatility Wtd ETF 10.8 45 4 6.6 -0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.7 32 17 6.0 -1.4
OSEA Harbor International Compounders ETF 10.7 55 -6 4.8 -2.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 10.7 80 -31 5.9 -1.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 10.6 65 -16 4.3 -3.2
DFIV Dimensional International Value ETF 10.6 27 22 9.6 +2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.6 18 31 7.9 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 10.5 34 15 7.8 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.5 39 10 6.7 -0.7
BINV Brandes International ETF 10.3 70 -21 9.4 +2.0
VPL Vanguard FTSE Pacific ETF 10.3 7 42 6.8 -0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.1 58 -9 7.1 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 9.9 42 7 7.3 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.8 47 2 8.4 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 9.7 4 45 8.1 +0.7
GCOW Pacer Global Cash Cows Dividend ETF 9.6 60 -11 10.9 +3.4
WWJD Inspire International ETF 9.5 80 -31 7.3 -0.1
IDMO Invesco S&P International Developed Momentum ETF 9.5 25 24 5.3 -2.1
RODE Hartford Multifactor Diversified International ETF 9.4 29 20 11.4 +3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.4 39 10 7.9 +0.5
EWL iShares MSCI Switzerland ETF 9.2 50 -1 6.2 -1.2
FIDI Fidelity International High Dividend ETF 9.2 18 31 8.7 +1.2
TTAI FCF International Quality ETF 9.2 59 -10 7.2 -0.2
DWX SPDR S&P International Dividend ETF 9.1 45 4 6.1 -1.3
DTAN Sparkline International Intangible Value ETF 9.1 55 -6 8.5 +1.1
DFIC Dimensional International Core Equity 2 ETF 9.0 23 26 7.4 -0.0
IXUS iShares Core MSCI Total International Stock ETF 9.0 7 42 7.9 +0.5
AVSD Avantis Responsible International Equity ETF 8.9 23 26 5.7 -1.8
FLSW Franklin FTSE Switzerland ETF 8.8 9 40 6.4 -1.1
VXUS Vanguard Total International Stock ETF 8.7 5 44 7.9 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.7 50 -1 6.0 -1.5
TPIF Timothy Plan International ETF 8.6 62 -13 6.2 -1.2
VSGX Vanguard ESG International Stock ETF 8.6 10 39 7.7 +0.2
JHID John Hancock International High Dividend ETF 8.6 46 3 9.5 +2.1
PATN Pacer Nasdaq International Patent Leaders ETF 8.6 65 -16 6.2 -1.2
IDLV Invesco S&P International Developed Low Volatility ETF 8.5 25 24 6.3 -1.2
AVDE Avantis International Equity ETF 8.5 23 26 7.4 -0.1
IXJ iShares Global Healthcare ETF 8.4 42 7 7.3 -0.2
DXJ WisdomTree Japan Hedged Equity Fund 8.2 48 1 7.5 +0.1
DSTX Distillate International Fundamental Stability & Value ETF 8.0 55 -6 7.9 +0.5
AIVI WisdomTree International AI Enhanced Value Fund 7.8 58 -9 7.0 -0.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.8 24 25 7.4 -0.0
EUDV ProShares MSCI Europe Dividend Growers ETF 7.7 55 -6 6.2 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.7 42 7 7.2 -0.2
DXIV Dimensional International Vector Equity ETF 7.7 34 15 7.8 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 7.6 42 7 5.4 -2.1
UIVM VictoryShares International Value Momentum ETF 7.5 35 14 8.9 +1.5
CZAR Themes Natural Monopoly ETF 7.5 35 14 5.7 -1.7
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 7.5 75 -26 1.4 -6.1
HART IQ Healthy Hearts ETF 7.3 45 4 6.6 -0.8
FLGR Franklin FTSE Germany ETF 7.3 9 40 7.0 -0.4
BKCI BNY Mellon Concentrated International ETF 7.1 80 -31 5.3 -2.2
HEDJ WisdomTree Europe Hedged Equity Fund 7.0 58 -9 6.6 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 6.7 49 0 5.8 -1.6
IDOG ALPS International Sector Dividend Dogs ETF 6.6 50 -1 12.1 +4.7
DGT SPDR Global Dow ETF 6.6 50 -1 7.0 -0.4
FEP First Trust Europe AlphaDEX Fund 6.6 80 -31 9.1 +1.7
CGDG Capital Group Dividend Growers ETF 6.5 47 2 6.3 -1.2
DIVS SmartETFs Dividend Builder ETF 6.4 65 -16 5.0 -2.4
EWU iShares MSCI United Kingdom ETF 6.4 50 -1 8.1 +0.7
IDV iShares International Select Dividend ETF 6.4 51 -2 10.6 +3.2
EWG iShares MSCI Germany ETF 6.4 50 -1 6.2 -1.2
DAX Global X DAX Germany ETF 6.3 21 28 6.7 -0.8
RGEF Rockefeller Global Equity ETF 6.2 55 -6 4.8 -2.7
KNO AXS Knowledge Leaders ETF 6.2 78 -29 6.0 -1.5
RCGE RockCreek Global Equality ETF 6.1 95 -46 6.7 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.1 30 19 7.9 +0.4
CGXU Capital Group International Focus Equity ETF 6.1 54 -5 5.6 -1.8
CGGO Capital Group Global Growth Equity ETF 6.0 47 2 4.7 -2.7
FKU First Trust United Kingdom AlphaDEX Fund 6.0 80 -31 7.3 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 6.0 80 -31 9.1 +1.7
FLGB Franklin FTSE United Kingdom ETF 5.9 9 40 7.6 +0.1
AGNG Global X Aging Population ETF 5.9 50 -1 4.9 -2.6
DEW WisdomTree Global High Dividend Fund 5.8 58 -9 8.4 +0.9
IXG iShares Global Financials ETF 5.7 42 7 6.5 -0.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.6 46 3 9.9 +2.4
IBOT Vaneck Robotics ETF 5.5 47 2 4.3 -3.1
RXI iShares Global Consumer Discretionary ETF 5.5 41 8 9.3 +1.8
EWJV iShares MSCI Japan Value ETF 5.4 15 34 8.8 +1.4
KLMT Invesco MSCI Global Climate 500 ETF 5.4 10 39 5.7 -1.7
BLES Inspire Global Hope ETF 5.2 61 -12 6.8 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 5.2 30 19 5.9 -1.5
GNR SPDR S&P Global Natural Resources ETF 5.1 40 9 11.0 +3.5
FYLD Cambria Foreign Shareholder Yield ETF 5.0 59 -10 11.6 +4.2
NXTG First Trust Indxx NextG ETF 5.0 70 -21 5.3 -2.2
ABLG Abacus FCF International Leaders ETF 5.0 59 -10 6.9 -0.5
CANC Tema Oncology ETF 5.0 75 -26 -2.8 -10.3
WLDR Affinity World Leaders Equity ETF 4.9 67 -18 7.5 +0.1
OAIM OneAscent International Equity ETF 4.9 95 -46 5.7 -1.8
VIDI Vident International Equity Strategy ETF 4.8 61 -12 10.9 +3.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.7 80 -31 5.0 -2.4
BULD Pacer BlueStar Engineering the Future ETF 4.7 60 -11 0.5 -7.0
KXI iShares Global Consumer Staples ETF 4.7 41 8 5.5 -1.9
EXI iShares Global Industrials ETF 4.7 42 7 4.5 -3.0
FEOE First Eagle Overseas Equity ETF 4.6 79 -30 8.0 +0.6
IOO iShares Global 100 ETF 4.6 41 8 4.8 -2.7
EPP iShares MSCI Pacific ex-Japan ETF 4.6 47 2 5.1 -2.3
OCEN IQ Clean Oceans ETF 4.6 45 4 6.0 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.6 12 37 5.2 -2.3
CLNR IQ Cleaner Transport ETF 4.4 45 4 6.6 -0.8
QTUM Defiance Quantum ETF 4.4 40 9 5.5 -1.9
JSTC Adasina Social Justice All Cap Global ETF 4.3 89 -40 4.8 -2.7
WRND IQ Global Equity R&D Leaders ETF 4.3 18 31 8.2 +0.8
DIM WisdomTree International MidCap Dividend Fund 4.3 58 -9 7.5 +0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.2 25 24 5.9 -1.6
GLOF iShares Global Equity Factor ETF 4.2 20 29 6.5 -1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.2 47 2 5.8 -1.7
URTH iShares MSCI World ETF 4.1 24 25 5.1 -2.4
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 0 3.3 -4.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.1 19 30 5.8 -1.7
CCNR ALPS CoreCommodity Natural Resources ETF 4.1 39 10 11.0 +3.6
BNGE First Trust S-Network Streaming and Gaming ETF 4.0 70 -21 2.6 -4.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.0 75 -26 4.7 -2.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.0 65 -16 8.1 +0.6
GDOC Goldman Sachs Future Health Care Equity ETF 4.0 75 -26 2.8 -4.7
EWA iShares MSCI Australia ETF 3.9 50 -1 5.6 -1.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.9 46 3 5.6 -1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 3.7 9 40 5.2 -2.3
COPY Tweedy, Browne Insider + Value ETF 3.7 80 -31 11.8 +4.3
ACWI iShares MSCI ACWI ETF 3.7 32 17 5.5 -1.9
EDEN iShares MSCI Denmark ETF 3.7 53 -4 7.0 -0.4
AGQI First Trust Active Global Quality Income ETF 3.6 85 -36 4.9 -2.5
ROBO ROBO Global Robotics & Automation Index ETF 3.6 95 -46 3.4 -4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.6 9 40 5.7 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 29 5.6 -1.8
CRTC Xtrackers US National Critical Technologies ETF 3.6 35 14 4.8 -2.7
FLAU Franklin FTSE Australia ETF 3.6 9 40 6.1 -1.4
IVRS iShares Future Metaverse Tech and Communications ETF 3.5 47 2 2.5 -5.0
EWI iShares MSCI Italy ETF 3.5 50 -1 10.4 +3.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.5 65 -16 2.1 -5.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.4 80 -31 9.6 +2.2
PEX ProShares Global Listed Private Equity ETF 3.4 81 -32 10.7 +3.2
PSP Invesco Global Listed Private Equity ETF 3.4 106 -57 5.7 -1.8
IVAL Alpha Architect International Quantitative Value ETF 3.4 49 0 9.8 +2.4
TOK iShares MSCI Kokusai ETF 3.3 26 23 5.0 -2.4
EV Mast Global Battery Recycling & Production ETF 3.3 65 -16 10.5 +3.0
ARVR First Trust Indxx Metaverse ETF 3.3 70 -21 4.0 -3.5
URA Global X Uranium ETF 3.3 69 -20 1.7 -5.7
VT Vanguard Total World Stock ETF 3.2 6 43 5.9 -1.6
MXI iShares Global Materials ETF 3.2 41 8 7.6 +0.1
FSZ First Trust Switzerland AlphaDEX Fund 3.2 80 -31 5.3 -2.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.1 56 -7 10.7 +3.2
FRNW Fidelity Clean Energy ETF 3.0 39 10 3.3 -4.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.0 58 -9 4.7 -2.8
MOTG VanEck Morningstar Global Wide Moat ETF 3.0 52 -3 7.7 +0.3
FDD First Trust Stoxx European Select Dividend Index Fund 2.9 58 -9 11.3 +3.9
GVAL Cambria Global Value ETF 2.9 68 -19 10.5 +3.0
IPAV Global X Infrastructure Development ex-U.S. ETF 2.9 55 -6 7.7 +0.3
APIE ActivePassive International Equity ETF 2.9 45 4 7.6 +0.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.9 79 -30 4.9 -2.5
ACWV iShares MSCI Global Min Vol Factor ETF 2.8 20 29 6.2 -1.3
METV Roundhill Ball Metaverse ETF 2.7 59 -10 7.8 +0.3
FILL iShares MSCI Global Energy Producers ETF 2.7 39 10 11.6 +4.1
IXC iShares Global Energy ETF 2.7 44 5 10.0 +2.6
CARZ First Trust NASDAQ Global Auto Index Fund 2.7 70 -21 4.8 -2.6
KOCG FIS Knights of Columbus Global Belief ETF 2.7 75 -26 5.2 -2.3
PCGG Polen Capital Global Growth ETF 2.7 85 -36 3.8 -3.7
XT iShares Exponential Technologies ETF 2.6 46 3 4.9 -2.5
EWN iShares MSCI Netherlands ETF 2.6 50 -1 5.6 -1.8
DTEC ALPS Disruptive Technologies ETF 2.6 50 -1 3.9 -3.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.6 45 4 2.7 -4.7
COPX Global X Copper Miners ETF 2.5 65 -16 7.6 +0.2
COPA Themes Copper Miners ETF 2.5 35 14 5.9 -1.6
SUPL ProShares Supply Chain Logistics ETF 2.5 58 -9 11.8 +4.4
GINN Goldman Sachs Innovate Equity ETF 2.4 52 -3 3.7 -3.8
NBDS Neuberger Berman Disrupters ETF 2.4 55 -6 0.7 -6.7
SMH VanEck Semiconductor ETF 2.4 35 14 3.9 -3.6
SOXQ Invesco PHLX Semiconductor ETF 2.4 19 30 4.5 -2.9
SOXX iShares Semiconductor ETF 2.4 35 14 4.8 -2.6
XNTK SPDR NYSE Technology ETF 2.4 35 14 3.7 -3.8
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 2.4 40 9 3.3 -4.2
DARP Grizzle Growth ETF 2.4 75 -26 2.9 -4.5
SNSR Global X Internet of Things ETF 2.4 68 -19 4.4 -3.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 10 12.7 +5.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.3 45 4 4.0 -3.5
FPXI First Trust International Equity Opportunities ETF 2.3 70 -21 4.2 -3.3
GSFP Goldman Sachs Future Planet Equity ETF 2.3 75 -26 4.8 -2.7
IPKW Invesco International BuyBack Achievers ETF 2.2 55 -6 12.5 +5.0
TEMP JPMorgan Climate Change Solutions ETF 2.2 49 0 5.8 -1.7
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 -9 9.7 +2.3
FEGE First Eagle Global Equity ETF 2.2 79 -30 7.0 -0.4
MBOX Freedom Day Dividend ETF 2.2 39 10 7.4 -0.1
EWO iShares MSCI Austria ETF 2.1 50 -1 10.7 +3.2
EWP iShares MSCI Spain ETF 2.1 50 -1 7.1 -0.3
IXP iShares Global Comm Services ETF 2.1 42 7 5.6 -1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.1 57 -8 3.8 -3.6
BELT iShares Long-Term U.S. Equity Active ETF 2.0 75 -26 3.0 -4.4
LRGE ClearBridge Large Cap Growth ESG ETF 2.0 59 -10 3.9 -3.6
AADR AdvisorShares Dorsey Wright ADR ETF 2.0 110 -61 4.9 -2.6
GSIB Themes Global Systemically Important Banks ETF 2.0 35 14 9.2 +1.8
CBSE Clough Select Equity ETF 2.0 85 -36 0.9 -6.6
FBOT Fidelity Disruptive Automation ETF 2.0 50 -1 3.6 -3.8
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 -20 2.4 -5.1
GGRW Gabelli Growth Innovators ETF 1.9 90 -41 2.3 -5.1
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 1.9 65 -16 3.6 -3.9
GOP Unusual Whales Subversive Republican Trading ETF 1.9 50 -1 5.5 -1.9
IVEG iShares Emergent Food and AgTech Multisector ETF 1.9 47 2 9.2 +1.7
DINT Davis Select International ETF 1.9 55 -6 8.1 +0.7
EWD iShares MSCI Sweden ETF 1.9 54 -5 5.4 -2.1
BKWO BNY Mellon Women's Opportunities ETF 1.9 50 -1 3.6 -3.9
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 -8 8.3 +0.8
DVYA iShares Asia/Pacific Dividend ETF 1.8 49 0 7.7 +0.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.8 80 -31 9.1 +1.7
ISHP First Trust Nasdaq Retail ETF 1.8 60 -11 5.4 -2.0
MDEV First Trust Indxx Medical Devices ETF 1.8 70 -21 4.5 -2.9
RUNN Running Oak Efficient Growth ETF 1.8 58 -9 4.9 -2.6
NETZ TCW Transform Systems ETF 1.8 75 -26 2.5 -5.0
IBAT iShares Energy Storage & Materials ETF 1.8 47 2 3.8 -3.7
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.8 65 -16 -1.5 -9.0
VOLT Tema Electrification ETF 1.8 75 -26 2.8 -4.6
FGM First Trust Germany AlphaDEX Fund 1.8 80 -31 6.3 -1.2
AIQ Global X Artificial Intelligence & Technology ETF 1.8 68 -19 3.8 -3.6
LST Leuthold Select Industries ETF 1.7 91 -42 5.1 -2.4
VCLN Virtus Duff & Phelps Clean Energy ETF 1.7 59 -10 5.0 -2.5
FID First Trust S&P International Dividend Aristocrats ETF 1.7 60 -11 7.9 +0.4
RAYD Rayliant Quantitative Developed Market Equity ETF 1.7 80 -31 4.4 -3.0
IQRA IQ CBRE Real Assets ETF 1.7 65 -16 5.7 -1.8
WDNA WisdomTree BioRevolution Fund 1.7 45 4 -1.4 -8.9
IQM Franklin Intelligent Machines ETF 1.6 50 -1 2.0 -5.4
SAGP Strategas Global Policy Opportunities ETF 1.6 65 -16 5.4 -2.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 39 8.0 +0.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.6 12 37 8.1 +0.7
OZEM Roundhill GLP-1 & Weight Loss ETF 1.5 59 -10 0.5 -7.0
THNR Amplify Weight Loss Drug & Treatment ETF 1.5 59 -10 6.8 -0.7
GK AdvisorShares Gerber Kawasaki ETF 1.5 75 -26 2.4 -5.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.5 20 29 4.4 -3.0
GLBL Pacer MSCI World Industry Advantage ETF 1.5 65 -16 4.1 -3.3
WDIV SPDR S&P Global Dividend ETF 1.5 40 9 9.2 +1.8
JXI iShares Global Utilities ETF 1.4 43 6 5.9 -1.6
HAP VanEck Natural Resources ETF 1.4 50 -1 9.4 +1.9
ICOP iShares Copper and Metals Mining ETF 1.4 47 2 8.6 +1.2
BATT Amplify Lithium & Battery Technology ETF 1.4 59 -10 3.6 -3.8
MOTI VanEck Morningstar International Moat ETF 1.4 58 -9 12.0 +4.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.4 49 0 6.1 -1.3
GDX VanEck Gold Miners ETF 1.3 51 -2 3.6 -3.9
AUMI Themes Gold Miners ETF 1.3 35 14 4.7 -2.8
JGLO JPMorgan Global Select Equity ETF 1.3 33 16 4.9 -2.5
EFNL iShares MSCI Finland ETF 1.3 56 -7 7.1 -0.3
AZTD Aztlan Global Stock Selection DM SMID ETF 1.3 75 -26 7.4 -0.1
ARTY iShares Future AI & Tech ETF 1.3 47 2 3.6 -3.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.3 75 -26 7.8 +0.3
KNCT Invesco Next Gen Connectivity ETF 1.3 40 9 4.8 -2.6
GQRE FlexShares Global Quality Real Estate Index Fund 1.2 45 4 7.8 +0.3
FJP First Trust Japan AlphaDEX Fund 1.2 80 -31 8.9 +1.4
IVES Wedbush ETFMG Global Cloud Technology ETF 1.2 68 -19 7.3 -0.1
FDTX Fidelity Disruptive Technology ETF 1.2 50 -1 2.7 -4.8
AIVC Amplify Bloomberg AI Value Chain ETF 1.2 59 -10 5.5 -1.9
GVIP Goldman Sachs Hedge Industry VIP ETF 1.2 45 4 3.3 -4.2
ASLV Allspring Special Large Value ETF 1.2 35 14 6.4 -1.0
CZA Invesco Zacks Mid-Cap ETF 1.2 72 -23 6.5 -0.9
DFIS Dimensional International Small Cap ETF 1.2 39 10 7.3 -0.1
AWAY ETFMG Travel Tech ETF 1.2 76 -27 -0.9 -8.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -29 9.4 +2.0
GURU Global X Guru Index ETF 1.2 75 -26 3.0 -4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -26 3.1 -4.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.1 58 -9 8.8 +1.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.1 56 -7 0.3 -7.1
IZRL ARK Israel Innovative Technology ETF 1.1 49 0 1.2 -6.3
ISRA VanEck Israel ETF 1.1 59 -10 7.2 -0.2
ITEQ BlueStar Israel Technology ETF 1.1 75 -26 1.7 -5.7
FLHK Franklin FTSE Hong Kong ETF 1.1 9 40 6.7 -0.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.1 85 -36 8.7 +1.3
GMET VanEck Green Metals ETF 1.1 63 -14 9.1 +1.7
DMAT Global X Disruptive Materials ETF 1.1 59 -10 7.8 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 14 4.2 -3.2
AVRE Avantis Real Estate ETF 1.0 17 32 7.1 -0.3
DFGR Dimensional Global Real Estate ETF 1.0 22 27 7.4 0.0
ERET iShares Environmentally Aware Real Estate ETF 1.0 30 19 7.3 -0.1
IFGL iShares International Developed Real Estate ETF 1.0 48 1 7.0 -0.5
REET iShares Global REIT ETF 1.0 14 35 7.4 -0.0
RWO SPDR Dow Jones Global Real Estate ETF 1.0 50 -1 7.0 -0.5
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -10 6.9 -0.6
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 2 7.4 -0.1
VERS ProShares Metaverse ETF 1.0 58 -9 -1.1 -8.5
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -16 21.3 +13.9
TOLL Tema Monopolies and Oligopolies ETF 1.0 75 -26 5.1 -2.3
IGF iShares Global Infrastructure ETF 1.0 41 8 4.7 -2.8
GII SPDR S&P Global Infrastructure ETF 1.0 40 9 4.7 -2.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.0 50 -1 5.5 -2.0
PKW Invesco Buyback Achievers ETF 1.0 62 -13 7.1 -0.3
JETS U.S. Global Jets ETF 0.9 60 -11 2.6 -4.8
IXN iShares Global Tech ETF 0.9 41 8 3.6 -3.9
CGGR Capital Group Growth ETF 0.9 39 10 3.1 -4.3
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -19 7.2 -0.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 -9 4.2 -3.2
BMED Future Health ETF 0.9 85 -36 0.5 -7.0
TAX Cambria Tax Aware ETF 0.9 49 0 5.0 -2.4
NORW Global X MSCI Norway ETF 0.9 50 -1 10.6 +3.1
ENOR iShares MSCI Norway ETF 0.9 53 -4 10.9 +3.5
PRNT 3D Printing ETF 0.9 66 -17 1.3 -6.2
NUKZ Range Nuclear Renaissance Index ETF 0.9 85 -36 2.1 -5.4
NLR VanEck Uranium+Nuclear Energy ETF 0.9 61 -12 1.8 -5.6
SILJ ETFMG Prime Junior Silver Miners ETF 0.8 69 -20 2.6 -4.8
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 26 8.2 +0.7
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 0.8 41 8 6.0 -1.4
SIXG Defiance Connective Technologies ETF 0.8 30 19 3.6 -3.8
SRET Global X SuperDividend REIT ETF 0.7 59 -10 12.0 +4.6
EWS iShares MSCI Singapore ETF 0.7 50 -1 4.9 -2.5
FFOG Franklin Focused Growth ETF 0.7 61 -12 2.4 -5.1
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 -13 3.7 -3.8
GINX SGI Enhanced Global Income ETF 0.7 98 -49 7.1 -0.4
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 4 6.1 -1.4
SYNB Putnam BioRevolution ETF 0.7 70 -21 2.9 -4.6
TMFG Motley Fool Global Opportunities ETF 0.7 85 -36 3.9 -3.6
FINE Themes European Luxury ETF 0.7 35 14 3.5 -3.9
AVDV Avantis International Small Cap Value ETF 0.7 36 13 9.5 +2.1
DAT ProShares Big Data Refiners ETF 0.6 58 -9 2.1 -5.3
IBUY Amplify Online Retail ETF 0.6 65 -16 0.9 -6.6
PBD Invesco Global Clean Energy ETF 0.6 75 -26 -0.3 -7.8
TRFK Pacer Data and Digital Revolution ETF 0.6 60 -11 3.0 -4.4
AIS VistaShares Artificial Intelligence Supercycle ETF 0.6 75 -26 3.0 -4.4
DISV Dimensional International Small Cap Value ETF 0.6 42 7 9.1 +1.6
STXM Strive Mid-Cap ETF 0.6 18 31 6.1 -1.3
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 29 4.1 -3.3
MOO VanEck Agribusiness ETF 0.6 53 -4 10.3 +2.9
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 8.6 +1.1
SHPP Pacer Industrials and Logistics ETF 0.6 60 -11 8.6 +1.2
JEPI JPMorgan Equity Premium Income ETF 0.6 35 14 5.6 -1.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.5 60 -11 3.6 -3.8
TRFM AAM Transformers ETF 0.5 49 0 1.3 -6.1
BUYZ Franklin Disruptive Commerce ETF 0.5 50 -1 2.2 -5.2
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 6 6.1 -1.4
WCLD WisdomTree Cloud Computing Fund 0.5 45 4 1.6 -5.9
XDAT Franklin Exponential Data ETF 0.5 50 -1 2.1 -5.3
SKYY First Trust Cloud Computing ETF 0.5 60 -11 2.8 -4.6
CLOU Global X Cloud Computing ETF 0.5 68 -19 2.3 -5.2
EIS iShares MSCI Israel ETF 0.5 58 -9 8.0 +0.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 10 -0.9 -8.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -19 5.0 -2.4
IDAT iShares Future Cloud 5G and Tech ETF 0.5 47 2 4.7 -2.8
CVAR Cultivar ETF 0.5 87 -38 6.8 -0.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 29 4.6 -2.9
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 34 7.0 -0.5
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 1 1.6 -5.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 70 -21 9.5 +2.0
EWH iShares MSCI Hong Kong ETF 0.5 50 -1 5.2 -2.3
BGRO iShares Large Cap Growth Active ETF 0.4 55 -6 3.0 -4.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 30 9.4 +2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 -1 11.1 +3.6
ASEA Global X FTSE Southeast Asia ETF 0.4 65 -16 6.7 -0.7
ICLN iShares Global Clean Energy ETF 0.4 41 8 5.2 -2.3
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 2 5.8 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 10 5.8 -1.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 34 4.7 -2.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -10 7.5 +0.1
IDNA iShares Genomics Immunology and Healthcare ETF 0.4 47 2 -2.2 -9.6
APUE ActivePassive U.S. Equity ETF 0.4 45 4 4.6 -2.9
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 7 7.2 -0.2
QQQ Invesco QQQ Trust Series I 0.4 20 29 4.1 -3.4
QQQM Invesco NASDAQ 100 ETF 0.4 15 34 4.1 -3.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 0 3.8 -3.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 34 5.9 -1.6
JAVA JPMorgan Active Value ETF 0.3 44 5 6.4 -1.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -21 4.8 -2.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 10 16.5 +9.0
BLDG Cambria Global Real Estate ETF 0.3 60 -11 11.5 +4.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 24 11.9 +4.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 28 3.7 -3.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 34 8.1 +0.6
CLOD Themes Cloud Computing ETF 0.3 35 14 3.2 -4.3
LOWV AB US Low Volatility Equity ETF 0.3 48 1 5.2 -2.3
LRGF iShares U.S. Equity Factor ETF 0.2 8 41 5.4 -2.1
OPTZ Optimize Strategy Index ETF 0.2 50 -1 4.6 -2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 0 15.9 +8.5
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 3.3 -4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 13 10.0 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 34 10.4 +2.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 9 6.9 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 38 10.2 +2.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -10 9.0 +1.5
STXV Strive 1000 Value ETF 0.1 18 31 8.0 +0.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 11 4.5 -2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.8 -0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 16 10.2 +2.8
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -10 2.8 -4.6
RVRB Reverb ETF 0.1 30 19 4.5 -2.9
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 40 4.7 -2.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 10 6.8 -0.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.0 20 29 2.5 -4.9
JGRO JPMorgan Active Growth ETF 0.0 44 5 3.4 -4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 10 5.3 -2.1
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 24 5.5 -1.9
EBI Longview Advantage ETF 0.0 35 14 6.5 -1.0
AVDS Avantis International Small Cap Equity ETF 0.0 30 19 7.3 -0.1
AVUS Avantis U.S. Equity ETF 0.0 15 34 5.7 -1.7

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:		 Putnam PanAgora ESG International Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.