Putnam PanAgora ESG International Equity ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.2x P/Sales
ratio		 1.5x
P/BV
ratio		 2.0x Div.
yield		 3.1%


  • 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) $268
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 132
Wgt avg mkt cap (mns) $82,832
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
SONY CORP 4.6 %
NOVARTIS AG 4.6 %
INTESA SANPAOLO S.P.A. 4.1 %
SWISS RE AG 3.7 %
3I GROUP PLC 3.7 %
VINCI SA 3.1 %
TESCO PLC 2.9 %
ERSTE GROUP BANK AG 2.7 %
ASML HOLDING NV-NY REG SHS 2.6 %
BARCLAYS PLC-SPONS ADR 2.5 %
Total 34.5 %

TOP COUNTRY EXPOSURE
JAPAN 19.9 %
BRITAIN 14.0 %
FRANCE 11.9 %
SWITZERLAND 9.9 %
GERMANY 7.1 %
ITALY 4.6 %
AUSTRALIA 4.3 %
NETHERLANDS 4.1 %
AUSTRIA 2.7 %
DENMARK 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.0% 20.2% -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 0.69 46%
MSCI EAFE 0.63 46%
MSCI Emg. Mkts. 0.49 25%

Technical Indicators
Recent close $28.40
30d moving avg. $28.34
Annualized volatility 12.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.1%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 478 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™: 7.0%


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 25.0 31 18 5.9 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.4 14 35 6.0 -1.1
ESGD iShares ESG Aware MSCI EAFE ETF 20.6 20 29 6.5 -0.6
DOL WisdomTree International LargeCap Dividend Fund 20.2 48 1 6.9 -0.1
JIRE JPMorgan International Research Enhanced Equity ETF 20.0 24 25 6.9 -0.2
DIVI Franklin International Core Dividend Tilt Index ETF 19.9 9 40 7.6 +0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 19.5 9 40 8.8 +1.8
FENI Fidelity Enhanced International ETF 19.4 28 21 6.2 -0.9
LVHI Franklin International Low Volatility High Dividend Index ET 19.2 40 9 9.8 +2.7
VWID Virtus WMC International Dividend ETF 18.1 49 0 8.0 +1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.9 46 3 6.5 -0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 17.8 12 37 5.3 -1.8
EFV iShares MSCI EAFE Value ETF 17.8 34 15 8.6 +1.6
JHMD John Hancock Multifactor Developed International ETF 17.8 39 10 7.2 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.7 36 13 6.3 -0.8
RFEU First Trust Riverfront Dynamic Europe ETF 17.7 83 -34 10.0 +2.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.6 25 24 7.1 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 17.6 9 40 7.0 -0.0
STXI Strive International Developed Markets ETF 17.4 29 20 6.3 -0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.3 35 14 6.2 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 17.3 20 29 6.5 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 17.2 83 -34 9.0 +1.9
HFXI IQ FTSE International Equity Currency Neutral ETF 17.2 20 29 6.6 -0.5
FLEE Franklin FTSE Europe ETF 17.0 9 40 7.0 +0.0
IEV iShares Europe ETF 16.8 67 -18 6.6 -0.5
EFA iShares MSCI EAFE ETF 16.7 35 14 6.4 -0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.6 45 4 6.7 -0.4
IVLU iShares MSCI Intl Value Factor ETF 16.5 30 19 9.7 +2.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 16.4 30 19 6.8 -0.2
EZU iShares MSCI Eurozone ETF 16.1 52 -3 6.4 -0.6
VIGI Vanguard International Dividend Appreciation ETF 16.0 10 39 6.5 -0.6
DWM WisdomTree International Equity Fund 15.9 48 1 7.1 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.8 40 9 7.1 +0.1
IQLT iShares MSCI Intl Quality Factor ETF 15.8 30 19 6.2 -0.8
IQSI IQ Candriam International Equity ETF 15.7 15 34 6.2 -0.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.5 12 37 5.9 -1.2
FIVA Fidelity International Value Factor ETF 15.4 18 31 9.4 +2.4
BKIE BNY Mellon International Equity ETF 15.3 4 45 6.6 -0.4
IQDF FlexShares International Quality Dividend Index Fund 15.2 47 2 8.5 +1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 15.1 20 29 6.1 -0.9
IEUR iShares Core MSCI Europe ETF 15.0 11 38 7.1 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 14.8 20 29 6.1 -0.9
INEQ Columbia International Equity Income ETF 14.6 45 4 7.6 +0.6
EWJ iShares MSCI Japan ETF 14.5 50 -1 5.6 -1.5
VGK Vanguard FTSE Europe ETF 14.5 6 43 7.3 +0.2
DWMF WisdomTree International Multifactor Fund 14.5 38 11 7.0 -0.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 14.3 47 2 5.7 -1.3
IEFA iShares Core MSCI EAFE ETF 14.3 7 42 6.7 -0.3
EFG iShares MSCI EAFE Growth ETF 14.3 36 13 4.2 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.2 25 24 6.9 -0.2
SPEU SPDR Portfolio Europe ETF 14.2 7 42 7.2 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 14.0 19 30 6.1 -1.0
DIHP Dimensional International High Profitability ETF 14.0 29 20 6.7 -0.3
DTH WisdomTree International High Dividend Fund 13.8 58 -9 8.0 +1.0
FICS First Trust International Developed Capital Strength ETF 13.7 70 -21 7.4 +0.3
FDEV Fidelity International Multifactor ETF 13.5 18 31 7.5 +0.5
FEZ SPDR EURO STOXX 50 ETF 13.5 29 20 6.4 -0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 13.2 25 24 6.2 -0.9
VYMI Vanguard International High Dividend Yield ETF 13.1 17 32 9.1 +2.1
INTF iShares International Equity Factor ETF 13.0 15 34 7.4 +0.3
IGRO iShares International Dividend Growth ETF 13.0 15 34 7.1 +0.1
UMMA Wahed Dow Jones Islamic World ETF 12.8 65 -16 4.8 -2.2
IMFL Invesco International Developed Dynamic Multifactor ETF 12.8 34 15 5.6 -1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 12.7 37 12 7.9 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.7 45 4 8.5 +1.4
IDEV iShares Core MSCI International Developed Markets ETF 12.6 4 45 6.7 -0.3
FLJP Franklin FTSE Japan ETF 12.6 9 40 5.8 -1.3
QINT American Century Quality Diversified International ETF 12.6 39 10 6.9 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.6 29 20 7.6 +0.6
SCHF Schwab International Equity ETF 12.5 6 43 6.9 -0.2
FLJH Franklin FTSE Japan Hedged ETF 12.5 9 40 5.8 -1.3
DFAI Dimensional International Core Equity Market ETF 12.4 18 31 6.8 -0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 12.3 22 27 5.9 -1.1
IPAC iShares Core MSCI Pacific ETF 12.3 9 40 6.1 -1.0
JPXN iShares JPX-Nikkei 400 ETF 12.2 48 1 6.2 -0.8
SCHY Schwab International Dividend Equity ETF 12.1 14 35 9.4 +2.4
FNDF Schwab Fundamental International Large Co. Index ETF 12.0 25 24 9.1 +2.0
IDHQ Invesco S&P International Developed High Quality ETF 12.0 29 20 6.4 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 11.9 3 46 6.7 -0.4
AVIV Avantis International Large Cap Value ETF 11.8 25 24 8.3 +1.3
EWQ iShares MSCI France ETF 11.7 53 -4 6.9 -0.2
VEA Vanguard FTSE Developed Markets ETF 11.7 3 46 6.9 -0.2
JIG JPMorgan International Growth ETF 11.7 55 -6 4.6 -2.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.6 65 -16 10.3 +3.3
EUFN iShares MSCI Europe Financials ETF 11.6 51 -2 7.8 +0.8
IMTM iShares MSCI Intl Momentum Factor ETF 11.4 30 19 5.4 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.4 80 -31 6.0 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 11.2 24 25 6.2 -0.9
CIL VictoryShares International Volatility Wtd ETF 11.2 45 4 6.4 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.1 41 8 7.1 +0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.9 58 -9 6.7 -0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.9 18 31 7.2 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.9 39 10 6.4 -0.7
VPL Vanguard FTSE Pacific ETF 10.8 7 42 6.3 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.7 32 17 6.0 -1.1
OSEA Harbor International Compounders ETF 10.6 55 -6 4.9 -2.2
CGIE Capital Group International Equity ETF 10.6 54 -5 4.9 -2.2
CWI SPDR MSCI ACWI ex-US ETF 10.5 30 19 7.3 +0.3
BINV Brandes International ETF 10.5 70 -21 9.1 +2.1
WWJD Inspire International ETF 10.5 80 -31 7.1 +0.1
DFIV Dimensional International Value ETF 10.2 27 22 9.0 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 10.1 34 15 7.3 +0.3
DTAN Sparkline International Intangible Value ETF 10.1 55 -6 8.1 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.0 47 2 7.8 +0.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 10.0 65 -16 4.7 -2.3
GCOW Pacer Global Cash Cows Dividend ETF 9.8 60 -11 10.5 +3.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.7 39 10 7.7 +0.6
DWX SPDR S&P International Dividend ETF 9.6 45 4 7.3 +0.2
FIDI Fidelity International High Dividend ETF 9.4 18 31 8.1 +1.1
EWL iShares MSCI Switzerland ETF 9.4 50 -1 6.3 -0.8
FLSW Franklin FTSE Switzerland ETF 9.3 9 40 6.4 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 4 45 7.7 +0.6
TTAI FCF International Quality ETF 9.1 59 -10 7.2 +0.2
DXJ WisdomTree Japan Hedged Equity Fund 9.1 48 1 6.8 -0.2
RODE Hartford Multifactor Diversified International ETF 9.1 29 20 10.3 +3.3
AVSD Avantis Responsible International Equity ETF 9.0 23 26 5.1 -2.0
DFIC Dimensional International Core Equity 2 ETF 8.9 23 26 7.2 +0.1
JHID John Hancock International High Dividend ETF 8.9 46 3 8.7 +1.6
FEP First Trust Europe AlphaDEX Fund 8.8 80 -31 8.1 +1.1
TPIF Timothy Plan International ETF 8.8 62 -13 6.1 -1.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.8 50 -1 5.9 -1.2
AVDE Avantis International Equity ETF 8.7 23 26 7.1 +0.1
IXUS iShares Core MSCI Total International Stock ETF 8.7 7 42 7.5 +0.5
AIVI WisdomTree International AI Enhanced Value Fund 8.5 58 -9 6.9 -0.2
VXUS Vanguard Total International Stock ETF 8.3 5 44 7.6 +0.6
UIVM VictoryShares International Value Momentum ETF 8.3 35 14 8.4 +1.3
IDMO Invesco S&P International Developed Momentum ETF 8.3 25 24 5.8 -1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 8.2 24 25 7.3 +0.2
VSGX Vanguard ESG International Stock ETF 8.2 10 39 7.5 +0.5
PATN Pacer Nasdaq International Patent Leaders ETF 8.1 65 -16 5.3 -1.7
ESGG FlexShares STOXX Global ESG Select Index Fund 7.9 42 7 5.3 -1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.8 58 -9 6.5 -0.6
DXIV Dimensional International Vector Equity ETF 7.6 34 15 7.6 +0.5
IDLV Invesco S&P International Developed Low Volatility ETF 7.6 25 24 6.6 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 7.6 42 7 6.6 -0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 7.6 55 -6 6.2 -0.9
CZAR Themes Natural Monopoly ETF 7.6 35 14 5.7 -1.4
HEDJ WisdomTree Europe Hedged Equity Fund 7.3 58 -9 6.5 -0.6
IXJ iShares Global Healthcare ETF 7.2 42 7 7.0 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 7.1 80 -31 7.8 +0.7
HART IQ Healthy Hearts ETF 7.0 45 4 6.4 -0.7
DSTX Distillate International Fundamental Stability & Value ETF 6.9 55 -6 7.7 +0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 6.9 49 0 4.9 -2.1
FLGB Franklin FTSE United Kingdom ETF 6.8 9 40 7.2 +0.2
EWU iShares MSCI United Kingdom ETF 6.8 50 -1 7.8 +0.7
IDV iShares International Select Dividend ETF 6.7 51 -2 10.1 +3.1
FLGR Franklin FTSE Germany ETF 6.6 9 40 7.0 0.0
CGDG Capital Group Dividend Growers ETF 6.6 47 2 6.1 -1.0
EWG iShares MSCI Germany ETF 6.6 50 -1 6.3 -0.8
RGEF Rockefeller Global Equity ETF 6.6 55 -6 4.6 -2.4
FKU First Trust United Kingdom AlphaDEX Fund 6.4 80 -31 7.6 +0.6
RCGE RockCreek Global Equality ETF 6.4 95 -46 6.7 -0.3
IBOT Vaneck Robotics ETF 6.3 47 2 4.1 -3.0
KNO AXS Knowledge Leaders ETF 6.3 78 -29 5.8 -1.3
DEW WisdomTree Global High Dividend Fund 6.3 58 -9 8.4 +1.3
HRTS Tema Heart & Health ETF 6.2 75 -26 2.3 -4.8
DAX Global X DAX Germany ETF 6.0 21 28 6.7 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.0 30 19 7.5 +0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 6.0 46 3 9.6 +2.6
RAYJ Rayliant SMDAM Japan Equity ETF 6.0 72 -23 3.3 -3.7
DGT State Street SPDR Global Dow ETF 6.0 50 -1 6.6 -0.4
BKCI BNY Mellon Concentrated International ETF 6.0 80 -31 5.1 -2.0
BLES Inspire Global Hope ETF 5.8 61 -12 6.8 -0.2
GNR SPDR S&P Global Natural Resources ETF 5.8 40 9 10.5 +3.5
DIVS SmartETFs Dividend Builder ETF 5.7 65 -16 5.1 -1.9
WLDR Affinity World Leaders Equity ETF 5.7 67 -18 7.2 +0.2
AGQI First Trust Active Global Quality Income ETF 5.6 85 -36 4.6 -2.4
IXG iShares Global Financials ETF 5.6 42 7 6.6 -0.4
BULD Pacer BlueStar Engineering the Future ETF 5.5 60 -11 0.4 -6.6
IDOG ALPS International Sector Dividend Dogs ETF 5.5 50 -1 11.5 +4.5
CGXU Capital Group International Focus Equity ETF 5.5 54 -5 5.4 -1.6
CGGO Capital Group Global Growth Equity ETF 5.3 47 2 4.2 -2.9
KLMT Invesco MSCI Global Climate 500 ETF 5.3 10 39 5.6 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 42 7 6.3 -0.8
RXI iShares Global Consumer Discretionary ETF 5.2 41 8 8.2 +1.2
OAIM OneAscent International Equity ETF 5.2 95 -46 5.5 -1.6
AGNG Global X Aging Population ETF 5.2 50 -1 4.8 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 5.2 30 19 5.8 -1.2
FEOE First Eagle Overseas Equity ETF 5.1 79 -30 7.1 +0.1
OCEN IQ Clean Oceans ETF 5.1 45 4 5.1 -1.9
EPP iShares MSCI Pacific ex-Japan ETF 5.0 47 2 5.2 -1.9
EWJV iShares MSCI Japan Value ETF 5.0 15 34 8.1 +1.1
KXI iShares Global Consumer Staples ETF 5.0 41 8 5.8 -1.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.0 80 -31 4.2 -2.8
VIDI Vident International Equity Strategy ETF 5.0 61 -12 10.4 +3.4
CANC Tema Oncology ETF 4.9 75 -26 -2.7 -9.7
CLNR IQ Cleaner Transport ETF 4.9 45 4 5.0 -2.0
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -10 11.4 +4.4
DIM WisdomTree International MidCap Dividend Fund 4.7 58 -9 7.2 +0.1
IVRS iShares Future Metaverse Tech and Communications ETF 4.6 47 2 3.2 -3.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.6 75 -26 3.3 -3.7
EXI iShares Global Industrials ETF 4.6 42 7 4.3 -2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.5 12 37 5.1 -2.0
IOO iShares Global 100 ETF 4.4 41 8 4.6 -2.5
BNGE First Trust S-Network Streaming and Gaming ETF 4.4 70 -21 2.8 -4.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.3 25 24 6.0 -1.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.3 19 30 5.4 -1.7
WRND IQ Global Equity R&D Leaders ETF 4.3 18 31 7.6 +0.5
EWA iShares MSCI Australia ETF 4.3 50 -1 5.8 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.3 46 3 5.7 -1.4
JSTC Adasina Social Justice All Cap Global ETF 4.1 89 -40 5.1 -2.0
EWI iShares MSCI Italy ETF 4.1 50 -1 10.6 +3.6
COPY Tweedy, Browne Insider + Value ETF 4.1 80 -31 12.0 +5.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.1 65 -16 8.1 +1.0
URTH iShares MSCI World ETF 4.1 24 25 5.0 -2.1
NXTG First Trust Indxx NextG ETF 4.0 70 -21 4.9 -2.1
QTUM Defiance Quantum ETF 3.9 40 9 5.2 -1.9
GLOF iShares Global Equity Factor ETF 3.9 20 29 6.7 -0.4
ROBO ROBO Global Robotics & Automation Index ETF 3.7 95 -46 3.2 -3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.7 80 -31 8.7 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 3.7 9 40 5.1 -1.9
FLAU Franklin FTSE Australia ETF 3.7 9 40 6.2 -0.9
MXI iShares Global Materials ETF 3.7 41 8 7.3 +0.3
PEX ProShares Global Listed Private Equity ETF 3.7 81 -32 10.8 +3.8
PSP Invesco Global Listed Private Equity ETF 3.7 106 -57 6.1 -1.0
URA Global X Uranium ETF 3.6 69 -20 1.2 -5.8
ACWI iShares MSCI ACWI ETF 3.6 32 17 5.4 -1.7
METV Roundhill Ball Metaverse ETF 3.5 59 -10 8.9 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.5 20 29 5.5 -1.5
EV Mast Global Battery Recycling & Production ETF 3.5 65 -16 6.7 -0.3
CCNR ALPS CoreCommodity Natural Resources ETF 3.4 39 10 9.2 +2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.4 9 40 5.5 -1.5
FRNW Fidelity Clean Energy ETF 3.4 39 10 2.1 -4.9
FSZ First Trust Switzerland AlphaDEX Fund 3.3 80 -31 6.5 -0.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.3 65 -16 1.9 -5.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.2 56 -7 10.5 +3.4
TOK iShares MSCI Kokusai ETF 3.2 26 23 5.0 -2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.2 58 -9 4.3 -2.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 3.2 79 -30 4.8 -2.2
VT Vanguard Total World Stock ETF 3.1 6 43 5.7 -1.3
XT iShares Exponential Technologies ETF 3.1 46 3 4.6 -2.4
MOTI VanEck Morningstar International Moat ETF 3.1 58 -9 10.6 +3.6
GVAL Cambria Global Value ETF 3.1 68 -19 10.6 +3.5
EWN iShares MSCI Netherlands ETF 3.1 50 -1 5.3 -1.8
CRTC Xtrackers US National Critical Technologies ETF 3.0 35 14 4.7 -2.3
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 -3 8.8 +1.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.9 49 0 4.6 -2.4
IXC iShares Global Energy ETF 2.8 44 5 9.9 +2.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.8 70 -21 4.2 -2.9
ARVR First Trust Indxx Metaverse ETF 2.8 70 -21 4.1 -3.0
DTEC ALPS Disruptive Technologies ETF 2.8 50 -1 3.7 -3.4
GDOC Goldman Sachs Future Health Care Equity ETF 2.8 75 -26 2.7 -4.4
EWO iShares MSCI Austria ETF 2.7 50 -1 10.0 +3.0
SNSR Global X Internet of Things ETF 2.7 68 -19 4.8 -2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.7 47 2 5.7 -1.4
FDD First Trust Stoxx European Select Dividend Index Fund 2.7 58 -9 11.2 +4.2
KOCG FIS Knights of Columbus Global Belief ETF 2.7 75 -26 4.8 -2.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.7 45 4 2.5 -4.6
IPAV Global X Infrastructure Development ex-U.S. ETF 2.7 55 -6 6.9 -0.1
APIE ActivePassive International Equity ETF 2.6 45 4 7.1 +0.1
EDEN iShares MSCI Denmark ETF 2.6 53 -4 6.5 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 2.6 20 29 6.0 -1.1
COPX Global X Copper Miners ETF 2.6 65 -16 5.7 -1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.6 39 10 11.1 +4.1
COPA Themes Copper Miners ETF 2.6 35 14 4.5 -2.5
NBDS Neuberger Berman Disrupters ETF 2.6 55 -6 0.7 -6.3
SOXQ Invesco PHLX Semiconductor ETF 2.6 19 30 3.8 -3.3
SMH VanEck Semiconductor ETF 2.6 35 14 3.5 -3.5
CHPX Global X AI Semiconductor & Quantum ETF 2.6 50 -1 3.1 -3.9
BELT iShares Long-Term U.S. Equity Active ETF 2.6 75 -26 3.2 -3.8
SOXX iShares Semiconductor ETF 2.6 35 14 4.0 -3.1
XNTK State Street SPDR NYSE Technology ETF 2.6 35 14 3.6 -3.5
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 2.6 65 -16 3.8 -3.3
MBOX Freedom Day Dividend ETF 2.6 39 10 7.8 +0.8
SHOC Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF 2.6 40 9 3.1 -3.9
AADR AdvisorShares Dorsey Wright ADR ETF 2.5 110 -61 4.8 -2.3
GSIB Themes Global Systemically Important Banks ETF 2.5 35 14 9.3 +2.3
GINN Goldman Sachs Innovate Equity ETF 2.4 52 -3 3.6 -3.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 -8 3.9 -3.1
IPKW Invesco International BuyBack Achievers ETF 2.4 55 -6 8.9 +1.9
GOP Unusual Whales Subversive Republican Trading ETF 2.4 50 -1 5.4 -1.6
DINT Davis Select International ETF 2.4 55 -6 7.7 +0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.4 45 4 1.4 -5.7
GSFP Goldman Sachs Future Planet Equity ETF 2.4 75 -26 4.2 -2.9
DARP Grizzle Growth ETF 2.3 75 -26 2.7 -4.3
FPXI First Trust International Equity Opportunities ETF 2.2 70 -21 4.3 -2.7
FEGE First Eagle Global Equity ETF 2.2 79 -30 6.7 -0.4
TEMP JPMorgan Climate Change Solutions ETF 2.2 49 0 5.6 -1.4
LRGE ClearBridge Large Cap Growth ESG ETF 2.1 59 -10 4.1 -2.9
DVYA iShares Asia/Pacific Dividend ETF 2.1 49 0 7.4 +0.4
GGRW Gabelli Growth Innovators ETF 2.0 90 -41 2.4 -4.6
ION ProShares S&P Global Core Battery Metals ETF 2.0 58 -9 8.1 +1.1
EWP iShares MSCI Spain ETF 2.0 50 -1 6.7 -0.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.0 20 29 4.8 -2.3
IQRA IQ CBRE Real Assets ETF 2.0 65 -16 5.7 -1.4
CBSE Clough Select Equity ETF 2.0 85 -36 0.8 -6.3
CHAT Roundhill Generative AI & Technology ETF 1.9 75 -26 7.4 +0.3
FJP First Trust Japan AlphaDEX Fund 1.9 80 -31 8.3 +1.3
ARTY iShares Future AI & Tech ETF 1.9 47 2 3.5 -3.5
NETZ TCW Transform Systems ETF 1.9 75 -26 2.5 -4.5
IBAT iShares Energy Storage & Materials ETF 1.9 47 2 2.5 -4.6
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.9 65 -16 0.1 -7.0
VOLT Tema Electrification ETF 1.9 75 -26 3.4 -3.6
WDNA WisdomTree BioRevolution Fund 1.9 45 4 -2.4 -9.4
FBOT Fidelity Disruptive Automation ETF 1.9 50 -1 3.4 -3.7
BOTZ Global X Robotics & Artificial Intelligence ETF 1.9 69 -20 2.1 -5.0
HUMN Roundhill Humanoid Robotics ETF 1.9 75 -26 1.8 -5.2
HAP VanEck Natural Resources ETF 1.9 50 -1 9.0 +2.0
IVES Wedbush ETFMG Global Cloud Technology ETF 1.9 68 -19 5.8 -1.2
FDTX Fidelity Disruptive Technology ETF 1.9 50 -1 2.5 -4.6
AIVC Amplify Bloomberg AI Value Chain ETF 1.9 59 -10 5.5 -1.5
YOKE Yoke Core ETF 1.9 42 7 5.0 -2.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.9 59 -10 3.9 -3.2
IXP iShares Global Comm Services ETF 1.9 42 7 5.9 -1.1
EWD iShares MSCI Sweden ETF 1.9 54 -5 5.3 -1.7
JXI iShares Global Utilities ETF 1.8 43 6 5.5 -1.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.8 75 -26 2.8 -4.3
RAYD Rayliant Quantitative Developed Market Equity ETF 1.8 80 -31 4.4 -2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.8 10 39 6.7 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.7 12 37 8.2 +1.2
FID First Trust S&P International Dividend Aristocrats ETF 1.7 60 -11 7.7 +0.6
PCGG Polen Capital Global Growth ETF 1.7 85 -36 4.1 -3.0
IQM Franklin Intelligent Machines ETF 1.7 50 -1 2.0 -5.1
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -19 3.6 -3.5
BLLD JPMorgan Sustainable Infrastructure ETF 1.7 49 0 5.9 -1.1
GDX VanEck Gold Miners ETF 1.6 51 -2 4.0 -3.1
AUMI Themes Gold Miners ETF 1.6 35 14 4.1 -3.0
RUNN Running Oak Efficient Growth ETF 1.6 58 -9 5.2 -1.8
BKWO BNY Mellon Women's Opportunities ETF 1.6 50 -1 3.7 -3.3
MDEV First Trust Indxx Medical Devices ETF 1.6 70 -21 4.8 -2.2
GK AdvisorShares Gerber Kawasaki ETF 1.6 75 -26 2.6 -4.5
ICOP iShares Copper and Metals Mining ETF 1.6 47 2 7.9 +0.9
BATT Amplify Lithium & Battery Technology ETF 1.6 59 -10 2.7 -4.3
WDIV SPDR S&P Global Dividend ETF 1.5 40 9 8.9 +1.9
EFAS Global X MSCI SuperDividend EAFE ETF 1.5 57 -8 8.6 +1.6
GVIP Goldman Sachs Hedge Industry VIP ETF 1.5 45 4 3.2 -3.8
ASLV Allspring Special Large Value ETF 1.5 35 14 6.7 -0.3
GLBL Pacer MSCI World Industry Advantage ETF 1.5 65 -16 4.2 -2.9
OZEM Roundhill GLP-1 & Weight Loss ETF 1.5 59 -10 3.7 -3.4
THNR Amplify Weight Loss Drug & Treatment ETF 1.5 59 -10 7.5 +0.5
FGM First Trust Germany AlphaDEX Fund 1.5 80 -31 6.8 -0.2
EFNL iShares MSCI Finland ETF 1.4 56 -7 6.3 -0.7
SUPL ProShares Supply Chain Logistics ETF 1.4 58 -9 10.3 +3.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -26 6.9 -0.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.4 78 -29 9.0 +2.0
GQRE FlexShares Global Quality Real Estate Index Fund 1.4 45 4 8.0 +1.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 -9 8.6 +1.5
GURU Global X Guru Index ETF 1.4 75 -26 3.1 -3.9
IVAL Alpha Architect International Quantitative Value ETF 1.3 49 0 10.4 +3.4
CZA Invesco Zacks Mid-Cap ETF 1.2 72 -23 7.5 +0.4
DFIS Dimensional International Small Cap ETF 1.2 39 10 7.1 +0.1
AVRE Avantis Real Estate ETF 1.2 17 32 7.3 +0.3
DFGR Dimensional Global Real Estate ETF 1.2 22 27 7.7 +0.7
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 19 7.3 +0.2
IFGL iShares International Developed Real Estate ETF 1.2 48 1 7.0 -0.1
REET iShares Global REIT ETF 1.2 14 35 7.5 +0.5
RWO SPDR Dow Jones Global Real Estate ETF 1.2 50 -1 7.0 -0.1
RWX SPDR Dow Jones International Real Estate ETF 1.2 59 -10 6.8 -0.2
VGSR Vert Global Sustainable Real Estate ETF 1.2 47 2 7.6 +0.6
AWAY ETFMG Travel Tech ETF 1.2 76 -27 -0.1 -7.1
IGF iShares Global Infrastructure ETF 1.1 41 8 4.6 -2.4
GII SPDR S&P Global Infrastructure ETF 1.1 40 9 4.6 -2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 14 4.2 -2.9
KNCT Invesco Next Gen Connectivity ETF 1.1 40 9 4.6 -2.5
IXN iShares Global Tech ETF 1.1 41 8 3.4 -3.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.1 70 -21 4.0 -3.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 -9 4.5 -2.5
JGLO JPMorgan Global Select Equity ETF 1.0 33 16 5.0 -2.1
PKW Invesco Buyback Achievers ETF 1.0 62 -13 8.2 +1.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.0 85 -36 6.1 -0.9
GMET VanEck Green Metals ETF 1.0 63 -14 7.7 +0.7
DMAT Global X Disruptive Materials ETF 1.0 59 -10 7.2 +0.1
SILJ ETFMG Prime Junior Silver Miners ETF 1.0 69 -20 1.4 -5.6
TAX Cambria Tax Aware ETF 1.0 49 0 6.1 -0.9
LST Leuthold Select Industries ETF 1.0 91 -42 5.3 -1.7
NORW Global X MSCI Norway ETF 1.0 50 -1 10.8 +3.8
ENOR iShares MSCI Norway ETF 1.0 53 -4 10.7 +3.6
SAGP Strategas Global Policy Opportunities ETF 1.0 65 -16 5.5 -1.5
FLHK Franklin FTSE Hong Kong ETF 1.0 9 40 4.3 -2.7
JETS U.S. Global Jets ETF 1.0 60 -11 3.3 -3.8
IZRL ARK Israel Innovative Technology ETF 1.0 49 0 1.5 -5.6
ISRA VanEck Israel ETF 1.0 59 -10 6.8 -0.3
ITEQ BlueStar Israel Technology ETF 1.0 75 -26 1.6 -5.4
CGGR Capital Group Growth ETF 0.9 39 10 3.4 -3.7
BMED Future Health ETF 0.9 85 -36 0.3 -6.7
NUKZ Range Nuclear Renaissance Index ETF 0.9 85 -36 1.3 -5.8
NLR VanEck Uranium+Nuclear Energy ETF 0.9 61 -12 1.5 -5.5
TOLL Tema Durable Quality ETF 0.9 75 -26 5.2 -1.9
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -19 6.5 -0.5
PRNT 3D Printing ETF 0.9 66 -17 1.8 -5.2
SRET Global X SuperDividend REIT ETF 0.8 59 -10 12.2 +5.2
EWS iShares MSCI Singapore ETF 0.8 50 -1 4.7 -2.3
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -13 3.3 -3.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.8 56 -7 2.8 -4.2
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -16 21.4 +14.4
PBD Invesco Global Clean Energy ETF 0.8 75 -26 0.8 -6.2
TRFK Pacer Data and Digital Revolution ETF 0.8 60 -11 2.8 -4.2
AIS VistaShares Artificial Intelligence Supercycle ETF 0.8 75 -26 2.5 -4.6
FFOG Franklin Focused Growth ETF 0.8 61 -12 2.5 -4.6
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 26 8.1 +1.1
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 29 4.1 -2.9
BRIF FIS Bright Portfolios Focused Equity ETF 0.7 65 -16 4.6 -2.4
ISHP First Trust Nasdaq Retail ETF 0.7 60 -11 5.5 -1.5
VERS ProShares Metaverse ETF 0.7 58 -9 0.2 -6.9
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF 0.7 41 8 5.4 -1.6
SIXG Defiance Connective Technologies ETF 0.7 30 19 3.9 -3.2
GINX SGI Enhanced Global Income ETF 0.7 98 -49 8.1 +1.1
MOO VanEck Agribusiness ETF 0.7 53 -4 11.0 +4.0
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 10 9.2 +2.1
STXM Strive Mid-Cap ETF 0.6 18 31 6.5 -0.5
OPTZ Optimize Strategy Index ETF 0.6 50 -1 4.8 -2.3
AVDV Avantis International Small Cap Value ETF 0.6 36 13 9.0 +2.0
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 4 5.2 -1.8
SYNB Putnam BioRevolution ETF 0.6 70 -21 2.6 -4.5
TMFG Motley Fool Global Opportunities ETF 0.6 85 -36 4.1 -3.0
DAT ProShares Big Data Refiners ETF 0.6 58 -9 2.5 -4.5
KAT Scharf ETF 0.6 87 -38 5.8 -1.2
GKAT Scharf Global Opportunity ETF 0.6 57 -8 6.2 -0.8
BGRO iShares Large Cap Growth Active ETF 0.6 55 -6 2.8 -4.2
JEPI JPMorgan Equity Premium Income ETF 0.6 35 14 5.8 -1.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.6 50 -1 5.6 -1.5
EWH iShares MSCI Hong Kong ETF 0.6 50 -1 5.0 -2.0
TRFM AAM Transformers ETF 0.6 49 0 1.2 -5.8
DISV Dimensional International Small Cap Value ETF 0.5 42 7 9.0 +1.9
IBUY Amplify Online Retail ETF 0.5 65 -16 2.7 -4.4
ICLN iShares Global Clean Energy ETF 0.5 41 8 3.0 -4.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 -1 10.2 +3.2
CVAR Cultivar ETF 0.5 87 -38 7.1 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.5 19 30 8.3 +1.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.5 60 -11 3.8 -3.2
ASEA Global X FTSE Southeast Asia ETF 0.5 65 -16 6.3 -0.7
QQQ Invesco QQQ Trust Series I 0.5 20 29 4.1 -2.9
QQQM Invesco NASDAQ 100 ETF 0.5 15 34 4.2 -2.9
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 0 3.8 -3.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 10 -1.3 -8.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -19 4.6 -2.4
IDNA iShares Genomics Immunology and Healthcare ETF 0.4 47 2 -2.3 -9.4
FINE Themes European Luxury ETF 0.4 35 14 3.8 -3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -21 8.3 +1.2
APUE ActivePassive U.S. Equity ETF 0.4 45 4 4.7 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 0.4 15 34 6.9 -0.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 10 5.8 -1.3
JAVA JPMorgan Active Value ETF 0.4 44 5 6.4 -0.6
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.4 43 6 6.2 -0.8
BUYZ Franklin Disruptive Commerce ETF 0.4 50 -1 2.5 -4.5
WCLD WisdomTree Cloud Computing Fund 0.4 45 4 1.7 -5.4
XDAT Franklin Exponential Data ETF 0.4 50 -1 2.3 -4.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.4 20 29 4.4 -2.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 34 4.8 -2.3
SKYY First Trust Cloud Computing ETF 0.4 60 -11 2.9 -4.2
CLOU Global X Cloud Computing ETF 0.4 68 -19 2.3 -4.8
EIS iShares MSCI Israel ETF 0.4 58 -9 7.6 +0.6
ABLG Abacus FCF International Leaders ETF 0.4 59 -10 6.6 -0.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 34 6.0 -1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 34 7.3 +0.3
SDIV Global X Superdividend ETF 0.4 58 -9 42.0 +35.0
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -10 7.6 +0.6
BLDG Cambria Global Real Estate ETF 0.4 60 -11 11.6 +4.5
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 7 7.4 +0.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 24 10.6 +3.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 28 3.7 -3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 10 15.3 +8.2
CLOD Themes Cloud Computing ETF 0.3 35 14 3.4 -3.6
LRGF iShares U.S. Equity Factor ETF 0.2 8 41 5.4 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 0 14.6 +7.6
LOWV AB US Low Volatility Equity ETF 0.2 48 1 5.3 -1.7
SHPP Pacer Industrials and Logistics ETF 0.2 60 -11 8.2 +1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 13 8.9 +1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 34 9.5 +2.4
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 3.6 -3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 0 7.0 -0.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 38 9.1 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -10 8.5 +1.4
STXV Strive 1000 Value ETF 0.2 18 31 8.3 +1.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 9 6.9 -0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 16 9.2 +2.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 11 4.5 -2.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -10 2.9 -4.1
RVRB Reverb ETF 0.1 30 19 4.6 -2.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 40 4.8 -2.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.0 20 29 2.8 -4.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 10 6.8 -0.2
JGRO JPMorgan Active Growth ETF 0.0 44 5 3.5 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 10 4.4 -2.7
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 24 5.4 -1.7
EBI Longview Advantage ETF 0.0 35 14 6.7 -0.3
AVDS Avantis International Small Cap Equity ETF 0.0 30 19 7.0 -0.0
AVUS Avantis U.S. Equity ETF 0.0 15 34 5.7 -1.3

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 13.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.64
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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