Putnam PanAgora ESG International Equity ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.7x Div.
yield		 3.5%


  • 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) $215
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) $67,881
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 March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.3% 4.4% -- -- 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.71 49%
MSCI EAFE 0.94 93%
MSCI Emg. Mkts. 0.72 51%

Technical Indicators
Recent close $23.84
30d moving avg. $23.79
Annualized volatility 13.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 79
Turnover 0.9%
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™: 7.9%


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 6.7 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.4 14 35 6.2 -1.7
ESGD iShares ESG Aware MSCI EAFE ETF 21.1 20 29 7.3 -0.6
DMXF iShares ESG Advanced MSCI EAFE ETF 20.7 12 37 5.8 -2.0
DOL WisdomTree International LargeCap Dividend Fund 19.4 48 1 7.6 -0.2
JIRE JPMorgan International Research Enhanced Equity ETF 19.4 24 25 7.6 -0.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 19.0 48 1 5.9 -1.9
DIVI Franklin International Core Dividend Tilt Index ETF 19.0 9 40 8.4 +0.6
EFV iShares MSCI EAFE Value ETF 19.0 34 15 9.7 +1.8
FENI Fidelity Enhanced International ETF 18.8 28 21 7.2 -0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.8 9 40 9.3 +1.4
STXI Strive International Developed Markets ETF 18.2 29 20 6.1 -1.7
IEV iShares Europe ETF 18.0 67 -18 7.1 -0.8
LVHI Franklin International Low Volatility High Dividend Index ET 18.0 40 9 11.7 +3.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.9 46 3 7.2 -0.6
RFEU First Trust Riverfront Dynamic Europe ETF 17.9 83 -34 10.2 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 17.8 83 -34 10.3 +2.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.7 25 24 7.3 -0.5
BBEU JPMorgan BetaBuilders Europe ETF 17.7 9 40 7.4 -0.5
EFA iShares MSCI EAFE ETF 17.6 35 14 7.2 -0.7
IMFL Invesco International Developed Dynamic Multifactor ETF 17.6 34 15 6.2 -1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.3 36 13 7.4 -0.5
IDMO Invesco S&P International Developed Momentum ETF 17.3 25 24 5.8 -2.1
JHMD John Hancock Multifactor Developed International ETF 17.3 39 10 7.9 +0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.2 35 14 6.0 -1.8
IVLU iShares MSCI Intl Value Factor ETF 17.0 30 19 11.5 +3.6
FLEE Franklin FTSE Europe ETF 16.9 9 40 7.1 -0.7
VWID Virtus WMC International Dividend ETF 16.9 49 0 9.0 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 16.9 20 29 7.3 -0.6
HFXI IQ FTSE International Equity Currency Neutral ETF 16.8 20 29 7.7 -0.2
EZU iShares MSCI Eurozone ETF 16.6 52 -3 6.9 -0.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.5 30 19 7.3 -0.5
IEUR iShares Core MSCI Europe ETF 16.1 11 38 7.6 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 16.1 29 20 6.8 -1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.1 12 37 6.2 -1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.1 45 4 7.1 -0.8
FIVA Fidelity International Value Factor ETF 16.0 18 31 10.8 +2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 15.9 65 -16 12.7 +4.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.8 20 29 6.7 -1.1
VGK Vanguard FTSE Europe ETF 15.6 11 38 7.6 -0.2
IQLT iShares MSCI Intl Quality Factor ETF 15.6 30 19 6.4 -1.4
SPEU SPDR Portfolio Europe ETF 15.3 7 42 7.6 -0.3
IEFA iShares Core MSCI EAFE ETF 15.2 7 42 7.5 -0.4
DWM WisdomTree International Equity Fund 15.1 48 1 7.8 -0.0
BKIE BNY Mellon International Equity ETF 15.1 4 45 7.5 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.0 40 9 7.7 -0.1
IQSI IQ Candriam International Equity ETF 15.0 15 34 6.8 -1.1
VIGI Vanguard International Dividend Appreciation ETF 14.6 15 34 6.3 -1.5
IQDF FlexShares International Quality Dividend Index Fund 14.6 47 2 9.8 +2.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.5 45 4 9.6 +1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.5 80 -31 5.6 -2.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 14.5 20 29 6.9 -1.0
FICS First Trust International Developed Capital Strength ETF 14.4 70 -21 5.7 -2.2
FEZ SPDR EURO STOXX 50 ETF 14.2 29 20 7.4 -0.5
EFG iShares MSCI EAFE Growth ETF 14.2 36 13 4.6 -3.3
INTF iShares International Equity Factor ETF 14.2 15 34 8.3 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.1 25 24 7.6 -0.3
EWJ iShares MSCI Japan ETF 14.0 50 -1 7.2 -0.6
FDEV Fidelity International Multifactor ETF 14.0 18 31 7.7 -0.1
INEQ Columbia International Equity Income ETF 13.9 45 4 9.0 +1.2
VYMI Vanguard International High Dividend Yield ETF 13.9 22 27 10.3 +2.4
SCHF Schwab International Equity ETF 13.8 6 43 7.9 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 13.6 4 45 7.5 -0.4
DWMF WisdomTree International Multifactor Fund 13.6 38 11 6.9 -0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 13.5 47 2 7.6 -0.2
UMMA Wahed Dow Jones Islamic World ETF 13.3 65 -16 5.5 -2.4
DFAI Dimensional International Core Equity Market ETF 13.3 18 31 7.7 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 13.2 19 30 7.7 -0.2
DTH WisdomTree International High Dividend Fund 13.0 58 -9 9.3 +1.5
FNDF Schwab Fundamental International Large Co. Index ETF 12.9 25 24 10.4 +2.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 12.9 65 -16 4.2 -3.7
SPDW SPDR Portfolio Developed World ex-US ETF 12.9 3 46 7.7 -0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 12.9 22 27 5.8 -2.1
IGRO iShares International Dividend Growth ETF 12.8 15 34 7.4 -0.5
VEA Vanguard FTSE Developed Markets ETF 12.8 5 44 7.7 -0.2
DIHP Dimensional International High Profitability ETF 12.8 29 20 7.5 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.5 25 24 7.6 -0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.5 29 20 8.3 +0.4
QINT American Century Quality Diversified International ETF 12.4 39 10 7.7 -0.1
JPIN J.P. Morgan Diversified Return International Equity ETF 12.1 37 12 9.0 +1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.1 58 -9 6.6 -1.2
JPXN iShares JPX-Nikkei 400 ETF 12.1 48 1 7.6 -0.3
IPAC iShares Core MSCI Pacific ETF 11.9 9 40 7.2 -0.6
DFIV Dimensional International Value ETF 11.9 27 22 10.7 +2.9
FLJP Franklin FTSE Japan ETF 11.9 9 40 7.1 -0.8
CWI SPDR MSCI ACWI ex-US ETF 11.8 30 19 8.4 +0.6
AVIV Avantis International Large Cap Value ETF 11.7 25 24 9.5 +1.6
FLJH Franklin FTSE Japan Hedged ETF 11.7 9 40 7.1 -0.8
SCHY Schwab International Dividend Equity ETF 11.6 14 35 9.9 +2.0
DFSI Dimensional International Sustainability Core 1 ETF 11.5 24 25 6.7 -1.2
ACWX iShares MSCI ACWI ex U.S. ETF 11.2 34 15 8.4 +0.5
CGIE Capital Group International Equity ETF 11.2 54 -5 5.3 -2.6
EUFN iShares MSCI Europe Financials ETF 11.1 51 -2 8.7 +0.8
EWQ iShares MSCI France ETF 11.1 53 -4 7.2 -0.6
IDLV Invesco S&P International Developed Low Volatility ETF 11.0 25 24 6.3 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.8 41 8 7.6 -0.3
JIG JPMorgan International Growth ETF 10.8 55 -6 4.9 -2.9
CIL VictoryShares International Volatility Wtd ETF 10.8 45 4 7.1 -0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.7 32 17 6.0 -1.8
OSEA Harbor International Compounders ETF 10.7 55 -6 4.9 -3.0
VPL Vanguard FTSE Pacific ETF 10.7 8 41 7.8 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.6 18 31 8.3 +0.5
IMTM iShares MSCI Intl Momentum Factor ETF 10.6 30 19 5.7 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.5 39 10 7.0 -0.9
BINV Brandes International ETF 10.3 70 -21 9.8 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 10.2 8 41 8.7 +0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.1 58 -9 7.5 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 9.9 42 7 7.3 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.8 47 2 9.3 +1.5
IXUS iShares Core MSCI Total International Stock ETF 9.6 7 42 8.5 +0.7
FEP First Trust Europe AlphaDEX Fund 9.6 80 -31 9.4 +1.5
WWJD Inspire International ETF 9.5 80 -31 7.7 -0.1
DFIC Dimensional International Core Equity 2 ETF 9.5 23 26 8.1 +0.2
FEUZ First Trust Eurozone AlphaDEX ETF 9.5 80 -31 9.3 +1.5
RODE Hartford Multifactor Diversified International ETF 9.4 29 20 10.1 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.4 39 10 8.5 +0.7
FSZ First Trust Switzerland AlphaDEX Fund 9.4 80 -31 5.0 -2.9
DSTX Distillate International Fundamental Stability & Value ETF 9.3 55 -6 8.6 +0.8
DTAN Sparkline International Intangible Value ETF 9.3 55 -6 7.6 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 9.2 49 0 6.2 -1.7
FIDI Fidelity International High Dividend ETF 9.2 18 31 9.1 +1.3
VXUS Vanguard Total International Stock ETF 9.2 7 42 8.5 +0.7
TTAI FCF International Quality ETF 9.2 59 -10 7.0 -0.9
VSGX Vanguard ESG International Stock ETF 9.1 12 37 8.4 +0.5
EWL iShares MSCI Switzerland ETF 9.0 50 -1 5.9 -1.9
AVSD Avantis Responsible International Equity ETF 8.9 23 26 6.9 -0.9
FLSW Franklin FTSE Switzerland ETF 8.8 9 40 6.2 -1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.7 50 -1 5.8 -2.1
TPIF Timothy Plan International ETF 8.6 62 -13 6.6 -1.3
JHID John Hancock International High Dividend ETF 8.6 46 3 10.5 +2.7
AVDE Avantis International Equity ETF 8.5 23 26 8.1 +0.3
PATN Pacer Nasdaq International Patent Leaders ETF 8.2 65 -16 4.2 -3.7
DXJ WisdomTree Japan Hedged Equity Fund 8.2 48 1 9.1 +1.2
IXJ iShares Global Healthcare ETF 8.0 42 7 6.9 -0.9
AIVI WisdomTree International AI Enhanced Value Fund 7.8 58 -9 7.6 -0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 7.8 24 25 6.4 -1.5
EUDV ProShares MSCI Europe Dividend Growers ETF 7.7 55 -6 6.8 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.7 42 7 7.0 -0.9
ESGG FlexShares STOXX Global ESG Select Index Fund 7.6 42 7 6.5 -1.4
UIVM VictoryShares International Value Momentum ETF 7.5 35 14 9.6 +1.8
DWX SPDR S&P International Dividend ETF 7.4 45 4 6.4 -1.4
EWG iShares MSCI Germany ETF 7.3 50 -1 6.6 -1.3
HART IQ Healthy Hearts ETF 7.3 45 4 7.0 -0.9
FLGR Franklin FTSE Germany ETF 7.3 9 40 6.9 -1.0
BKCI BNY Mellon Concentrated International ETF 7.1 80 -31 5.1 -2.7
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 7.0 75 -26 1.0 -6.9
HEDJ WisdomTree Europe Hedged Equity Fund 7.0 58 -9 7.0 -0.8
FKU First Trust United Kingdom AlphaDEX Fund 7.0 80 -31 7.9 +0.0
IDOG ALPS International Sector Dividend Dogs ETF 6.8 50 -1 12.6 +4.8
IDV iShares International Select Dividend ETF 6.8 51 -2 11.8 +3.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.6 30 19 8.9 +1.0
DGT SPDR Global Dow ETF 6.5 50 -1 8.2 +0.3
CGDG Capital Group Dividend Growers ETF 6.5 47 2 6.6 -1.3
DAX Global X DAX Germany ETF 6.5 21 28 6.9 -1.0
DIVS SmartETFs Dividend Builder ETF 6.4 65 -16 5.1 -2.8
RGEF Rockefeller Global Equity ETF 6.3 55 -6 5.5 -2.3
KNO AXS Knowledge Leaders ETF 6.2 78 -29 6.3 -1.5
CGXU Capital Group International Focus Equity ETF 6.1 54 -5 6.2 -1.6
EWU iShares MSCI United Kingdom ETF 6.1 50 -1 8.8 +1.0
IVAL Alpha Architect International Quantitative Value ETF 6.1 49 0 10.8 +2.9
CGGO Capital Group Global Growth Equity ETF 6.0 47 2 5.2 -2.6
EWJV iShares MSCI Japan Value ETF 5.9 15 34 9.9 +2.1
FLGB Franklin FTSE United Kingdom ETF 5.9 9 40 8.2 +0.4
GCOW Pacer Global Cash Cows Dividend ETF 5.9 60 -11 11.6 +3.7
DEW WisdomTree Global High Dividend Fund 5.8 58 -9 8.2 +0.4
AGQI First Trust Active Global Quality Income ETF 5.8 85 -36 6.8 -1.0
VIDI Vident International Equity Strategy ETF 5.7 61 -12 12.4 +4.6
IXG iShares Global Financials ETF 5.6 42 7 7.5 -0.3
RXI iShares Global Consumer Discretionary ETF 5.6 41 8 9.9 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.6 46 3 11.1 +3.2
QWLD SPDR MSCI World StrategicFactors ETF 5.6 30 19 7.1 -0.8
FGM First Trust Germany AlphaDEX Fund 5.6 80 -31 8.8 +1.0
AGNG Global X Aging Population ETF 5.5 50 -1 4.4 -3.4
CANC Tema Oncology ETF 5.5 75 -26 -2.1 -9.9
KLMT Invesco MSCI Global Climate 500 ETF 5.5 10 39 6.4 -1.5
IBOT Vaneck Robotics ETF 5.3 47 2 4.9 -2.9
BLES Inspire Global Hope ETF 5.2 61 -12 7.2 -0.6
NXTG First Trust Indxx NextG ETF 5.2 70 -21 6.1 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.2 12 37 5.3 -2.5
EXI iShares Global Industrials ETF 5.1 42 7 5.1 -2.8
IOO iShares Global 100 ETF 5.1 41 8 5.6 -2.2
GNR SPDR S&P Global Natural Resources ETF 5.1 40 9 12.3 +4.5
QTUM Defiance Quantum ETF 5.0 40 9 8.2 +0.3
WLDR Affinity World Leaders Equity ETF 4.9 67 -18 9.1 +1.2
OAIM OneAscent International Equity ETF 4.9 95 -46 6.3 -1.6
FJP First Trust Japan AlphaDEX Fund 4.9 80 -31 10.5 +2.6
CCNR ALPS CoreCommodity Natural Resources ETF 4.9 39 10 11.7 +3.8
METV Roundhill Ball Metaverse ETF 4.8 59 -10 9.0 +1.1
BULD Pacer BlueStar Engineering the Future ETF 4.7 60 -11 2.1 -5.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.7 80 -31 10.1 +2.3
GLOF iShares Global Equity Factor ETF 4.7 20 29 7.8 -0.0
KXI iShares Global Consumer Staples ETF 4.6 41 8 5.4 -2.4
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 -10 13.2 +5.4
OCEN IQ Clean Oceans ETF 4.6 45 4 6.4 -1.5
EPP iShares MSCI Pacific ex-Japan ETF 4.6 47 2 6.0 -1.9
URTH iShares MSCI World ETF 4.5 24 25 6.0 -1.8
IMOM Alpha Architect International Quantitative Momentum ETF 4.4 49 0 4.7 -3.1
COPY Tweedy, Browne Insider + Value ETF 4.4 80 -31 13.2 +5.4
CLNR IQ Cleaner Transport ETF 4.4 45 4 8.3 +0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.3 80 -31 4.8 -3.0
WRND IQ Global Equity R&D Leaders ETF 4.3 18 31 8.4 +0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.3 56 -7 13.0 +5.1
DIM WisdomTree International MidCap Dividend Fund 4.3 58 -9 7.8 -0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.2 25 24 6.6 -1.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.2 47 2 5.7 -2.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.1 65 -16 9.0 +1.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.1 19 30 6.6 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.0 9 40 6.5 -1.3
BNGE First Trust S-Network Streaming and Gaming ETF 4.0 70 -21 3.8 -4.1
IVRS iShares Future Metaverse Tech and Communications ETF 4.0 47 2 3.0 -4.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.0 75 -26 6.3 -1.6
ACWI iShares MSCI ACWI ETF 4.0 32 17 6.4 -1.5
GDOC Goldman Sachs Future Health Care Equity ETF 4.0 75 -26 2.8 -5.0
CZAR Themes Natural Monopoly ETF 3.9 35 14 2.9 -4.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.9 46 3 5.0 -2.9
EWA iShares MSCI Australia ETF 3.8 50 -1 6.3 -1.6
IPKW Invesco International BuyBack Achievers ETF 3.8 55 -6 16.5 +8.6
KOKU Xtrackers MSCI Kokusai Equity ETF 3.7 9 40 6.0 -1.9
TOK iShares MSCI Kokusai ETF 3.7 26 23 5.9 -2.0
EDEN iShares MSCI Denmark ETF 3.7 53 -4 7.0 -0.9
ROBO ROBO Global Robotics & Automation Index ETF 3.6 95 -46 4.4 -3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 29 6.3 -1.5
CRTC Xtrackers US National Critical Technologies ETF 3.6 35 14 5.6 -2.2
FLAU Franklin FTSE Australia ETF 3.6 9 40 6.5 -1.4
VT Vanguard Total World Stock ETF 3.5 7 42 6.7 -1.1
EWI iShares MSCI Italy ETF 3.5 50 -1 10.4 +2.5
KOCG FIS Knights of Columbus Global Belief ETF 3.5 75 -26 6.0 -1.9
ARVR First Trust Indxx Metaverse ETF 3.4 70 -21 6.3 -1.6
PEX ProShares Global Listed Private Equity ETF 3.4 81 -32 10.6 +2.8
PSP Invesco Global Listed Private Equity ETF 3.4 106 -57 6.2 -1.6
EV Mast Global Battery Recycling & Production ETF 3.3 65 -16 12.5 +4.6
URA Global X Uranium ETF 3.3 69 -20 3.6 -4.3
JSTC Adasina Social Justice All Cap Global ETF 3.2 89 -40 4.7 -3.2
EFAS Global X MSCI SuperDividend EAFE ETF 3.2 57 -8 8.6 +0.8
MXI iShares Global Materials ETF 3.2 41 8 8.4 +0.5
FRNW Fidelity Clean Energy ETF 3.0 39 10 4.4 -3.5
ACWV iShares MSCI Global Min Vol Factor ETF 3.0 20 29 7.1 -0.7
FDD First Trust Stoxx European Select Dividend Index Fund 3.0 58 -9 12.6 +4.7
GVAL Cambria Global Value ETF 2.9 68 -19 11.7 +3.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.9 65 -16 3.8 -4.1
IPAV Global X Infrastructure Development ex-U.S. ETF 2.9 55 -6 4.6 -3.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.9 79 -30 6.2 -1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.9 58 -9 5.7 -2.2
FILL iShares MSCI Global Energy Producers ETF 2.7 39 10 13.5 +5.6
IXC iShares Global Energy ETF 2.7 44 5 11.6 +3.8
CARZ First Trust NASDAQ Global Auto Index Fund 2.7 70 -21 6.5 -1.4
XT iShares Exponential Technologies ETF 2.7 46 3 5.9 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -11 9.1 +1.3
PCGG Polen Capital Global Growth ETF 2.7 85 -36 4.1 -3.8
DTEC ALPS Disruptive Technologies ETF 2.7 50 -1 4.3 -3.6
AZTD Aztlan Global Stock Selection DM SMID ETF 2.6 75 -26 8.6 +0.8
EWN iShares MSCI Netherlands ETF 2.6 50 -1 5.9 -2.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.6 45 4 3.7 -4.2
GLBL Pacer MSCI World Industry Advantage ETF 2.5 65 -16 5.2 -2.6
APIE ActivePassive International Equity ETF 2.5 45 4 8.0 +0.1
WDIV SPDR S&P Global Dividend ETF 2.5 40 9 9.8 +2.0
COPX Global X Copper Miners ETF 2.5 65 -16 9.7 +1.8
COPA Themes Copper Miners ETF 2.5 35 14 9.9 +2.0
SUPL ProShares Supply Chain Logistics ETF 2.5 58 -9 5.8 -2.0
GINN Goldman Sachs Innovate Equity ETF 2.4 52 -3 4.7 -3.2
NBDS Neuberger Berman Disrupters ETF 2.4 55 -6 1.0 -6.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 -8 4.7 -3.2
SMH VanEck Semiconductor ETF 2.4 35 14 5.4 -2.4
SOXQ Invesco PHLX Semiconductor ETF 2.4 19 30 6.2 -1.7
SOXX iShares Semiconductor ETF 2.4 35 14 6.6 -1.2
XNTK SPDR NYSE Technology ETF 2.4 35 14 4.7 -3.1
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 2.4 40 9 4.9 -3.0
DARP Grizzle Growth ETF 2.4 75 -26 5.2 -2.7
SNSR Global X Internet of Things ETF 2.4 68 -19 5.5 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 10 15.1 +7.3
BOTT Themes Robotics & Automation ETF 2.4 35 14 4.7 -3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.3 45 4 0.0 -7.9
GSFP Goldman Sachs Future Planet Equity ETF 2.3 75 -26 5.0 -2.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 -3 7.0 -0.8
IXP iShares Global Comm Services ETF 2.2 42 7 6.9 -0.9
TEMP JPMorgan Climate Change Solutions ETF 2.2 49 0 6.0 -1.8
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 -9 11.8 +4.0
EWO iShares MSCI Austria ETF 2.1 50 -1 11.9 +4.0
EWP iShares MSCI Spain ETF 2.1 50 -1 7.9 0.0
LST Leuthold Select Industries ETF 2.1 91 -42 6.4 -1.4
LRGE ClearBridge Large Cap Growth ESG ETF 2.0 59 -10 4.2 -3.6
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 2.0 65 -16 4.2 -3.7
AADR AdvisorShares Dorsey Wright ADR ETF 2.0 110 -61 5.4 -2.5
GSIB Themes Global Systemically Important Banks ETF 2.0 35 14 13.2 +5.3
CBSE Clough Select Equity ETF 2.0 85 -36 1.8 -6.0
FBOT Fidelity Disruptive Automation ETF 2.0 50 -1 4.2 -3.6
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 -20 2.9 -5.0
GGRW Gabelli Growth Innovators ETF 1.9 90 -41 2.7 -5.2
IVEG iShares Emergent Food and AgTech Multisector ETF 1.9 47 2 8.9 +1.1
DINT Davis Select International ETF 1.9 55 -6 9.0 +1.2
EWD iShares MSCI Sweden ETF 1.9 54 -5 5.8 -2.1
BKWO BNY Mellon Women's Opportunities ETF 1.9 50 -1 4.3 -3.6
MDEV First Trust Indxx Medical Devices ETF 1.9 70 -21 1.3 -6.6
DVYA iShares Asia/Pacific Dividend ETF 1.8 49 0 9.5 +1.6
ISHP First Trust Nasdaq Retail ETF 1.8 60 -11 5.9 -2.0
NETZ TCW Transform Systems ETF 1.8 75 -26 3.7 -4.2
IBAT iShares Energy Storage & Materials ETF 1.8 47 2 5.6 -2.3
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.8 65 -16 -4.2 -12.1
VOLT Tema Electrification ETF 1.8 75 -26 3.4 -4.5
AIQ Global X Artificial Intelligence & Technology ETF 1.8 68 -19 5.0 -2.8
RUNN Running Oak Efficient Growth ETF 1.8 58 -9 5.2 -2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.7 59 -10 6.4 -1.4
RAYD Rayliant Quantitative Developed Market Equity ETF 1.7 80 -31 5.0 -2.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.7 20 29 4.7 -3.1
IQRA IQ CBRE Real Assets ETF 1.7 65 -16 2.8 -5.1
WDNA WisdomTree BioRevolution Fund 1.7 45 4 0.0 -7.9
IQM Franklin Intelligent Machines ETF 1.6 50 -1 2.7 -5.1
SAGP Strategas Global Policy Opportunities ETF 1.6 65 -16 5.4 -2.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 39 7.4 -0.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.6 12 37 7.6 -0.2
FPXI First Trust International Equity Opportunities ETF 1.6 70 -21 3.9 -3.9
MBOX Freedom Day Dividend ETF 1.5 39 10 7.9 +0.1
OZEM Roundhill GLP-1 & Weight Loss ETF 1.5 59 -10 1.2 -6.7
THNR Amplify Weight Loss Drug & Treatment ETF 1.5 59 -10 6.2 -1.7
GK AdvisorShares Gerber Kawasaki ETF 1.5 75 -26 3.1 -4.8
JXI iShares Global Utilities ETF 1.5 43 6 6.0 -1.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.4 50 -1 6.9 -1.0
HAP VanEck Natural Resources ETF 1.4 50 -1 10.7 +2.8
ICOP iShares Copper and Metals Mining ETF 1.4 47 2 10.6 +2.7
BATT Amplify Lithium & Battery Technology ETF 1.4 59 -10 4.1 -3.7
BLLD JPMorgan Sustainable Infrastructure ETF 1.4 49 0 4.8 -3.0
GDX VanEck Gold Miners ETF 1.3 51 -2 4.1 -3.8
AUMI Themes Gold Miners ETF 1.3 35 14 5.0 -2.9
JGLO JPMorgan Global Select Equity ETF 1.3 33 16 5.4 -2.4
EFNL iShares MSCI Finland ETF 1.3 56 -7 7.5 -0.3
ARTY iShares Future AI & Tech ETF 1.3 47 2 4.3 -3.6
SHPP Pacer Industrials and Logistics ETF 1.3 60 -11 5.5 -2.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.3 75 -26 7.3 -0.6
GQRE FlexShares Global Quality Real Estate Index Fund 1.2 45 4 4.3 -3.5
BGRO iShares Large Cap Growth Active ETF 1.2 55 -6 3.5 -4.4
IVES Wedbush ETFMG Global Cloud Technology ETF 1.2 68 -19 9.9 +2.0
FDTX Fidelity Disruptive Technology ETF 1.2 50 -1 3.2 -4.6
AIVC Amplify Bloomberg AI Value Chain ETF 1.2 59 -10 9.4 +1.5
GVIP Goldman Sachs Hedge Industry VIP ETF 1.2 45 4 3.1 -4.7
GURU Global X Guru Index ETF 1.2 75 -26 4.6 -3.3
CZA Invesco Zacks Mid-Cap ETF 1.2 72 -23 6.4 -1.5
KNCT Invesco Next Gen Connectivity ETF 1.2 40 9 5.3 -2.6
AWAY ETFMG Travel Tech ETF 1.2 76 -27 0.1 -7.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -29 10.1 +2.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -26 3.8 -4.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.1 58 -9 9.3 +1.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.1 56 -7 2.7 -5.2
LUX Tema Luxury ETF 1.1 75 -26 2.8 -5.1
IZRL ARK Israel Innovative Technology ETF 1.1 49 0 1.4 -6.4
ISRA VanEck Israel ETF 1.1 59 -10 8.0 +0.1
ITEQ BlueStar Israel Technology ETF 1.1 75 -26 2.2 -5.7
FLHK Franklin FTSE Hong Kong ETF 1.1 9 40 7.5 -0.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.1 85 -36 8.0 +0.2
GMET VanEck Green Metals ETF 1.1 63 -14 11.7 +3.9
DMAT Global X Disruptive Materials ETF 1.1 59 -10 9.8 +1.9
SILJ ETFMG Prime Junior Silver Miners ETF 1.1 69 -20 2.5 -5.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.1 80 -31 9.9 +2.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 14 4.8 -3.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 -9 4.6 -3.2
AVRE Avantis Real Estate ETF 1.0 17 32 3.4 -4.4
DFGR Dimensional Global Real Estate ETF 1.0 22 27 3.3 -4.6
ERET iShares Environmentally Aware Real Estate ETF 1.0 30 19 3.2 -4.7
IFGL iShares International Developed Real Estate ETF 1.0 48 1 6.2 -1.7
REET iShares Global REIT ETF 1.0 14 35 3.5 -4.3
RWO SPDR Dow Jones Global Real Estate ETF 1.0 50 -1 3.0 -4.9
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -10 5.7 -2.1
VGSR Vert Global Sustainable Real Estate ETF 1.0 47 2 3.0 -4.8
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -16 21.4 +13.5
IXN iShares Global Tech ETF 1.0 41 8 4.8 -3.1
VERS ProShares Metaverse ETF 1.0 58 -9 0.2 -7.7
JETS U.S. Global Jets ETF 1.0 60 -11 4.7 -3.2
IGF iShares Global Infrastructure ETF 1.0 41 8 5.0 -2.9
GII SPDR S&P Global Infrastructure ETF 1.0 40 9 5.0 -2.9
CGGR Capital Group Growth ETF 0.9 39 10 3.9 -4.0
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -19 8.4 +0.5
BMED Future Health ETF 0.9 85 -36 2.6 -5.3
AIS VistaShares Artificial Intelligence Supercycle ETF 0.9 75 -26 5.3 -2.6
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 26 8.6 +0.8
PKW Invesco Buyback Achievers ETF 0.9 62 -13 8.8 +0.9
NORW Global X MSCI Norway ETF 0.9 50 -1 10.9 +3.0
ENOR iShares MSCI Norway ETF 0.9 53 -4 10.9 +3.0
PRNT 3D Printing ETF 0.9 66 -17 1.6 -6.2
NLR VanEck Uranium+Nuclear Energy ETF 0.9 61 -12 3.4 -4.5
LIVR Intelligent Livermore ETF 0.9 69 -20 8.8 +0.9
DFIS Dimensional International Small Cap ETF 0.8 39 10 7.9 +0.1
FIVG Defiance Next Gen Connectivity ETF 0.8 30 19 6.0 -1.9
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 0.8 41 8 3.0 -4.9
SIXG Defiance Connective Technologies ETF 0.8 30 19 4.9 -3.0
SRET Global X SuperDividend REIT ETF 0.7 59 -10 8.8 +1.0
EWS iShares MSCI Singapore ETF 0.7 50 -1 5.6 -2.3
OPTZ Optimize Strategy Index ETF 0.7 50 -1 5.8 -2.1
FFOG Franklin Focused Growth ETF 0.7 61 -12 2.9 -4.9
OGIG ALPS O'Shares Global Internet Giants ETF 0.7 48 1 2.0 -5.8
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 -13 2.6 -5.3
IBUY Amplify Online Retail ETF 0.7 65 -16 4.0 -3.9
TRFM AAM Transformers ETF 0.7 49 0 2.0 -5.8
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 29 4.8 -3.0
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 4 7.4 -0.4
SYNB Putnam BioRevolution ETF 0.7 70 -21 3.4 -4.4
TMFG Motley Fool Global Opportunities ETF 0.7 85 -36 3.7 -4.2
FINE Themes European Luxury ETF 0.7 35 14 0.5 -7.3
AVDV Avantis International Small Cap Value ETF 0.7 36 13 11.1 +3.3
DAT ProShares Big Data Refiners ETF 0.6 58 -9 2.4 -5.5
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.6 65 -16 5.3 -2.6
PBD Invesco Global Clean Energy ETF 0.6 75 -26 0.4 -7.4
TRFK Pacer Data and Digital Revolution ETF 0.6 60 -11 4.1 -3.7
STXM Strive Mid-Cap ETF 0.6 18 31 4.0 -3.9
MOO VanEck Agribusiness ETF 0.6 53 -4 11.3 +3.4
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 9.0 +1.1
JEPI JPMorgan Equity Premium Income ETF 0.6 35 14 5.9 -1.9
BUYZ Franklin Disruptive Commerce ETF 0.5 50 -1 2.7 -5.1
WCLD WisdomTree Cloud Computing Fund 0.5 45 4 1.8 -6.1
XDAT Franklin Exponential Data ETF 0.5 50 -1 2.2 -5.6
RJMG FT Raymond James Multicap Growth Equity ETF 0.5 85 -36 2.8 -5.1
SKYY First Trust Cloud Computing ETF 0.5 60 -11 3.6 -4.2
CLOU Global X Cloud Computing ETF 0.5 68 -19 2.1 -5.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 29 4.9 -3.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.5 15 34 6.1 -1.8
EIS iShares MSCI Israel ETF 0.5 58 -9 8.7 +0.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 34 6.5 -1.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 10 -1.2 -9.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -19 7.4 -0.5
IDAT iShares Future Cloud 5G and Tech ETF 0.5 47 2 5.2 -2.7
APUE ActivePassive U.S. Equity ETF 0.5 45 4 5.6 -2.3
CVAR Cultivar ETF 0.5 87 -38 6.5 -1.3
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 34 8.1 +0.2
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -26 0.9 -7.0
EWH iShares MSCI Hong Kong ETF 0.5 50 -1 6.7 -1.2
QQQ Invesco QQQ Trust Series I 0.4 20 29 4.8 -3.1
DISV Dimensional International Small Cap Value ETF 0.4 42 7 9.8 +2.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -21 10.4 +2.5
QQQM Invesco NASDAQ 100 ETF 0.4 15 34 4.8 -3.0
CLOD Themes Cloud Computing ETF 0.4 35 14 2.2 -5.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 30 11.4 +3.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 -1 12.1 +4.2
ASEA Global X FTSE Southeast Asia ETF 0.4 65 -16 7.3 -0.6
ICLN iShares Global Clean Energy ETF 0.4 41 8 6.5 -1.4
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 2 6.8 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 10 6.3 -1.6
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -10 7.4 -0.5
IDNA iShares Genomics Immunology and Healthcare ETF 0.4 47 2 -2.2 -10.0
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 7 7.1 -0.7
LRGF iShares U.S. Equity Factor ETF 0.4 8 41 6.6 -1.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -46 0.8 -7.0
JAVA JPMorgan Active Value ETF 0.3 44 5 7.3 -0.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -21 4.6 -3.2
BLDG Cambria Global Real Estate ETF 0.3 60 -11 4.5 -3.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 28 4.5 -3.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 34 9.0 +1.2
PNQI Invesco NASDAQ Internet ETF 0.3 60 -11 4.1 -3.7
GINX SGI Enhanced Global Income ETF 0.3 98 -49 7.7 -0.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 24 13.0 +5.2
LOWV AB US Low Volatility Equity ETF 0.3 48 1 5.6 -2.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 10 18.0 +10.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 9 7.4 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 13 11.7 +3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 34 11.2 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 38 12.4 +4.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -10 14.4 +6.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 11 5.2 -2.6
RVRB Reverb ETF 0.1 30 19 5.5 -2.4
STXV Strive 1000 Value ETF 0.1 18 31 8.9 +1.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 29 4.0 -3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 16 11.2 +3.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -10 3.6 -4.2
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 10 7.8 -0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 7.4 -0.5
TAX Cambria Tax Aware ETF 0.1 49 0 6.8 -1.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 40 5.3 -2.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 14 5.9 -2.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 10 4.4 -3.4
JGRO JPMorgan Active Growth ETF 0.0 44 5 4.3 -3.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 24 8.1 +0.3
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 24 7.3 -0.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 24 8.1 +0.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 23 7.6 -0.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 32 6.5 -1.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 37 6.0 -1.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 35 6.2 -1.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 31 6.2 -1.6
DFUS Dimensional U.S. Equity ETF 0.0 9 40 5.7 -2.1
AVUS Avantis U.S. Equity ETF 0.0 15 34 6.9 -0.9

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 14.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.61
 
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.