Invesco FTSE RAFI Emerging Markets ETF
ALTAR
Score™		 16.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.5x P/Sales
ratio		 0.7x
P/BV
ratio		 0.6x Div.
yield		 4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco FTSE RAFI Emerging Markets Portfolio seeks investment results that correspond to the FTSE RAFI Emerging Markets Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Sep 27, 2007
Assets (mns) $1,299
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 384
Wgt avg mkt cap (mns) $138,052
Large cap (>$10bn) 81.4%
Mid cap ($2-10bn) 15.4%
Small cap (<$2bn) 1.0%
Developed mkts 5.1%
Emerging mkts 94.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. 6.6 %
TAIWAN SEMICONDUCTOR MANUFAC 5.6 %
TENCENT HOLDINGS LTD 4.1 %
IND & COMM BK OF CHINA - H 3.1 %
CHINA CONSTRUCTION BANK-H 2.8 %
PING AN INSURANCE GROUP CO-H 2.4 %
BANK OF CHINA LTD - H 2.2 %
XIAOMI CORP. CLASS B 2.0 %
PETROBRAS - PETROLEO BRAS-PR 1.9 %
JD.COM, INC. CLASS A 1.8 %
Total 32.7 %

TOP COUNTRY EXPOSURE
CHINA 40.5 %
TAIWAN 16.3 %
BRAZIL 10.7 %
INDIA 10.5 %
SOUTH AFRICA 3.4 %
THAILAND 2.7 %
HONG KONG 2.6 %
SAUDI ARABIA 2.4 %
MEXICO 1.7 %
TURKEY 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.0% 16.5% 6.6% 4.8% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.60 37%
MSCI EAFE 0.77 63%
MSCI Emg. Mkts. 0.94 93%

Technical Indicators
Recent close $21.78
30d moving avg. $22.06
Annualized volatility 16.9%
Short interest (ETF) 1.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 219
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $16,296

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 399 potential alternatives to the Invesco FTSE RAFI Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with PXH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PXH Expense: 49 bp ALTAR Score™: 16.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PXH
Ticker Fund
Name		 Overlap1
vs PXH
(%)		 Expense
ratio
(bp)		 Savings
vs PXH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PXH
(%)
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 69.7 39 10 16.9 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 51.4 49 0 10.5 -6.1
SCHE Schwab Emerging Markets Equity ETF 51.2 11 38 11.6 -5.1
EEM iShares MSCI Emerging Markets ETF 50.5 69 -20 10.7 -5.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 48.8 30 19 10.6 -6.1
VWO Vanguard FTSE Emerging Markets ETF 48.6 8 41 10.9 -5.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 48.3 15 34 10.8 -5.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 48.1 66 -17 10.2 -6.5
BKEM BNY Mellon Emerging Markets Equity ETF 47.7 11 38 11.8 -4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 47.4 36 13 11.2 -5.5
ECON Columbia Emerging Markets Consumer ETF 47.2 49 0 12.9 -3.7
EEMA iShares MSCI Emerging Markets Asia ETF 47.1 49 0 10.7 -5.9
IEMG iShares Core MSCI Emerging Markets ETF 47.0 9 40 10.9 -5.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 45.3 45 4 11.0 -5.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 44.7 70 -21 9.8 -6.8
BKF iShares MSCI BIC ETF 44.5 69 -20 13.0 -3.7
SPEM SPDR Portfolio Emerging Markets ETF 44.2 7 42 10.9 -5.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 43.9 35 14 21.6 +4.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 43.7 15 34 8.6 -8.1
DFAE Dimensional Emerging Core Equity Market ETF 43.4 35 14 10.2 -6.5
LDEM iShares ESG MSCI EM Leaders ETF 43.2 17 32 12.9 -3.8
FLAX Franklin FTSE Asia Ex Japan ETF 42.3 19 30 10.8 -5.8
EMGF iShares Emerging Markets Equity Factor ETF 41.5 25 24 12.4 -4.2
ESGE iShares ESG Aware MSCI EM ETF 40.1 25 24 10.7 -6.0
GMF SPDR S&P Emerging Asia Pacific ETF 39.0 49 0 10.0 -6.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 38.1 20 29 11.3 -5.4
MCHI iShares MSCI China ETF 38.1 59 -10 17.8 +1.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 37.7 38 11 9.9 -6.7
EMXF iShares ESG Advanced MSCI EM ETF 37.4 16 33 8.4 -8.2
FLCH Franklin FTSE China ETF 37.4 19 30 17.2 +0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 37.4 50 -1 11.6 -5.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 37.3 33 16 10.6 -6.1
FXI iShares China Large-Cap ETF 36.6 74 -25 18.1 +1.5
AIA iShares Asia 50 ETF 36.5 50 -1 14.7 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 36.4 30 19 9.3 -7.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 36.2 59 -10 13.7 -3.0
GXC SPDR S&P China ETF 36.1 59 -10 16.7 +0.0
EMXC iShares MSCI Emerging Markets ex China ETF 36.0 25 24 8.0 -8.7
ROAM Hartford Multifactor Emerging Markets ETF 35.9 44 5 11.3 -5.4
XCNY SPDR S&P Emerging Markets ex-China ETF 35.9 15 34 0.0 -16.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 35.6 32 17 9.6 -7.1
KALL KraneShares MSCI All China Index ETF 35.6 49 0 15.3 -1.4
DFEV Dimensional Emerging Markets Value ETF 35.1 43 6 14.5 -2.2
FDEM Fidelity Emerging Markets Multifactor ETF 34.0 25 24 13.5 -3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 33.5 41 8 9.4 -7.3
STXE Strive Emerging Markets Ex-China ETF 32.9 32 17 8.2 -8.5
AVEM Avantis Emerging Markets Equity ETF 32.1 33 16 9.7 -7.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.2 24 25 8.3 -8.3
XCEM Columbia EM Core ex-China ETF 28.6 16 33 8.5 -8.2
NUEM Nuveen ESG Emerging Markets Equity ETF 27.7 36 13 8.1 -8.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.8 44 5 11.0 -5.6
DEHP Dimensional Emerging Markets High Profitability ETF 26.7 41 8 6.5 -10.1
XC WisdomTree Emerging Markets Ex-China Fund 26.3 32 17 5.5 -11.2
MEM Matthews Emerging Markets Equity Active ETF 25.8 79 -30 8.5 -8.2
DEM WisdomTree Emerging Markets High Dividend Fund 25.3 63 -14 13.6 -3.1
RNEM First Trust Emerging Markets Equity Select ETF 25.3 75 -26 1.0 -15.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.0 95 -46 13.1 -3.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 24.3 75 -26 10.3 -6.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 24.0 40 9 5.6 -11.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 24.0 45 4 11.1 -5.6
MCH Matthews China Active ETF 23.7 79 -30 15.3 -1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.5 32 17 7.0 -9.6
FEM First Trust Emerging Markets AlphaDEX Fund 21.1 80 -31 13.8 -2.8
MINV Matthews Asia Innovators Active ETF 20.5 79 -30 7.7 -8.9
JCHI JPMorgan Active China ETF 20.2 65 -16 16.8 +0.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 20.2 25 24 6.5 -10.2
AVES Avantis Emerging Markets Value ETF 20.1 36 13 12.2 -4.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 19.9 32 17 17.8 +1.1
DVYE iShares Emerging Markets Dividend ETF 19.3 49 0 18.9 +2.2
EEMO Invesco S&P Emerging Markets Momentum ETF 18.9 29 20 6.2 -10.5
EMMF WisdomTree Emerging Markets Multifactor Fund 18.6 48 1 7.8 -8.9
EMC Global X Emerging Markets Great Consumer ETF 18.1 75 -26 8.5 -8.2
ACWX iShares MSCI ACWI ex U.S. ETF 17.9 34 15 8.1 -8.5
KTEC KraneShares Hang Seng TECH Index ETF 17.2 69 -20 19.7 +3.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 17.0 60 -11 13.3 -3.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 16.8 18 31 8.1 -8.5
VEU Vanguard FTSE All-World ex-US Index Fund 16.6 8 41 8.5 -8.2
FLTW Franklin FTSE Taiwan ETF 16.4 19 30 7.0 -9.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.2 41 8 7.1 -9.6
EWT iShares MSCI Taiwan ETF 16.0 58 -9 6.8 -9.8
IXUS iShares Core MSCI Total International Stock ETF 15.8 7 42 8.3 -8.4
KWEB KraneShares CSI China Internet ETF 15.7 69 -20 25.8 +9.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.6 86 -37 13.7 -2.9
PATN Pacer Nasdaq International Patent Leaders ETF 15.5 65 -16 4.0 -12.7
VSGX Vanguard ESG International Stock ETF 15.5 12 37 8.2 -8.5
VXUS Vanguard Total International Stock ETF 15.4 7 42 8.3 -8.4
FTHF First Trust Emerging Markets Human Flourishing ETF 15.3 75 -26 9.8 -6.8
FDNI First Trust Dow Jones International Internet ETF 15.0 65 -16 19.5 +2.8
TCHI iShares MSCI China Multisector Tech ETF 14.6 59 -10 22.4 +5.7
VYMI Vanguard International High Dividend Yield ETF 13.7 22 27 10.0 -6.7
CHAT Roundhill Generative AI & Technology ETF 13.3 75 -26 14.8 -1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 13.3 88 -39 10.3 -6.4
CWI SPDR MSCI ACWI ex-US ETF 12.8 30 19 8.2 -8.5
RODE Hartford Multifactor Diversified International ETF 12.2 29 20 9.9 -6.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.0 29 20 8.7 -8.0
FLLA Franklin FTSE Latin America ETF 12.0 19 30 13.5 -3.2
CHIQ Global X MSCI China Consumer Discretionary ETF 11.6 65 -16 13.7 -2.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 11.5 78 -29 9.6 -7.1
FCA First Trust China AlphaDEX Fund 11.1 80 -31 11.3 -5.4
IQDF FlexShares International Quality Dividend Index Fund 10.8 47 2 9.5 -7.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.8 47 2 9.0 -7.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.6 30 19 8.6 -8.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 10.5 67 -18 13.3 -3.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.4 90 -41 8.4 -8.3
FLBR Franklin FTSE Brazil ETF 10.1 19 30 15.3 -1.3
INDA iShares MSCI India ETF 9.9 65 -16 4.3 -12.3
EWZ iShares MSCI Brazil ETF 9.8 58 -9 13.7 -3.0
CGRO CoreValues Alpha Greater China Growth ETF 9.7 75 -26 4.0 -12.7
ACWV iShares MSCI Global Min Vol Factor ETF 9.7 20 29 7.6 -9.1
EDIV SPDR S&P Emerging Markets Dividend ETF 9.6 49 0 11.6 -5.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.6 42 7 6.8 -9.9
PIN Invesco India ETF 9.5 78 -29 4.3 -12.4
JIG JPMorgan International Growth ETF 9.5 55 -6 4.8 -11.9
FRDM Freedom 100 Emerging Markets ETF 9.3 49 0 9.1 -7.6
MOTI VanEck Morningstar International Moat ETF 9.3 58 -9 12.8 -3.8
IPKW Invesco International BuyBack Achievers ETF 9.1 55 -6 15.3 -1.3
FLIN Franklin FTSE India ETF 9.1 19 30 3.9 -12.8
IVES Wedbush ETFMG Global Cloud Technology ETF 9.0 68 -19 9.3 -7.4
KNCT Invesco Next Gen Connectivity ETF 8.9 40 9 5.1 -11.6
AIVC Amplify Bloomberg AI Value Chain ETF 8.8 59 -10 8.6 -8.1
EYLD Cambria Emerging Shareholder Yield ETF 8.5 66 -17 13.1 -3.6
WRND IQ Global Equity R&D Leaders ETF 8.5 18 31 7.9 -8.8
FLN First Trust Latin America AlphaDEX Fund 8.4 80 -31 10.6 -6.1
GVAL Cambria Global Value ETF 8.3 68 -19 11.3 -5.4
EPI WisdomTree India Earnings Fund 8.2 85 -36 4.7 -12.0
INDY iShares India 50 ETF 8.2 89 -40 4.6 -12.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.2 80 -31 4.8 -11.8
RXI iShares Global Consumer Discretionary ETF 7.9 41 8 9.2 -7.4
DEW WisdomTree Global High Dividend Fund 7.8 58 -9 7.7 -8.9
FBZ First Trust Brazil AlphaDEX Fund 7.8 80 -31 13.4 -3.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.4 65 -16 8.6 -8.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.1 70 -21 15.8 -0.9
ANEW ProShares MSCI Transformational Changes ETF 7.0 45 4 7.0 -9.6
METV Roundhill Ball Metaverse ETF 7.0 59 -10 8.3 -8.4
IWTR iShares MSCI Water Management Multisector ETF 6.9 47 2 6.5 -10.2
MOTG VanEck Morningstar Global Wide Moat ETF 6.9 52 -3 6.7 -10.0
DSTX Distillate International Fundamental Stability & Value ETF 6.9 55 -6 8.4 -8.2
KLMT Invesco MSCI Global Climate 500 ETF 6.8 10 39 6.1 -10.6
ARVR First Trust Indxx Metaverse ETF 6.7 70 -21 5.9 -10.8
ACWI iShares MSCI ACWI ETF 6.6 32 17 6.1 -10.6
IXN iShares Global Tech ETF 6.5 41 8 4.5 -12.2
VIDI Vident International Equity Strategy ETF 6.4 61 -12 12.0 -4.7
GSIB Themes Global Systemically Important Banks ETF 6.4 35 14 12.4 -4.3
EMM Global X Emerging Markets ex-China ETF 6.3 75 -26 5.0 -11.6
NXTG First Trust Indxx NextG ETF 6.3 70 -21 5.8 -10.8
CGXU Capital Group International Focus Equity ETF 6.1 54 -5 5.9 -10.8
CQQQ Invesco China Technology ETF 6.1 70 -21 18.3 +1.7
FBOT Fidelity Disruptive Automation ETF 6.0 50 -1 4.0 -12.7
FILL iShares MSCI Global Energy Producers ETF 5.8 39 10 11.4 -5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.8 20 29 6.3 -10.3
VT Vanguard Total World Stock ETF 5.8 7 42 6.4 -10.3
PICK iShares MSCI Global Metals & Mining Producers ETF 5.5 39 10 14.1 -2.5
IXP iShares Global Comm Services ETF 5.3 42 7 6.7 -10.0
XT iShares Exponential Technologies ETF 5.2 46 3 5.5 -11.2
AIQ Global X Artificial Intelligence & Technology ETF 5.1 68 -19 4.7 -12.0
CLNR IQ Cleaner Transport ETF 5.1 45 4 7.3 -9.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.9 46 3 10.4 -6.2
GLOF iShares Global Equity Factor ETF 4.8 20 29 7.0 -9.7
AGQI First Trust Active Global Quality Income ETF 4.8 85 -36 6.6 -10.1
FMET Fidelity Metaverse ETF 4.5 39 10 5.1 -11.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.5 75 -26 5.9 -10.7
SCHY Schwab International Dividend Equity ETF 4.5 14 35 9.8 -6.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.4 60 -11 8.0 -8.7
IVRS iShares Future Metaverse Tech and Communications ETF 4.3 47 2 2.8 -13.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.3 12 37 5.2 -11.5
BNGE First Trust S-Network Streaming and Gaming ETF 4.3 70 -21 3.6 -13.0
SOCL Global X Social Media ETF 4.3 65 -16 12.9 -3.8
ESPO VanEck Video Gaming and eSports ETF 4.2 56 -7 4.8 -11.9
ODDS Pacer BlueStar Digital Entertainment ETF 4.2 60 -11 4.9 -11.8
IBLC iShares Blockchain and Tech ETF 4.1 47 2 -4.1 -20.7
DGT SPDR Global Dow ETF 4.1 50 -1 8.1 -8.6
IGRO iShares International Dividend Growth ETF 3.9 15 34 7.3 -9.4
IBUY Amplify Online Retail ETF 3.8 65 -16 3.7 -13.0
DINT Davis Select International ETF 3.6 55 -6 8.3 -8.3
DWLD Davis Select Worldwide ETF 3.6 63 -14 8.5 -8.2
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -40 4.5 -12.2
GGME Invesco Next Gen Media and Gaming ETF 3.4 60 -11 5.0 -11.7
NDIA Global X India Active ETF 3.4 75 -26 4.7 -12.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.4 9 40 6.0 -10.7
FID First Trust S&P International Dividend Aristocrats ETF 3.3 60 -11 9.1 -7.6
OAIM OneAscent International Equity ETF 3.2 95 -46 6.2 -10.5
IXG iShares Global Financials ETF 3.2 42 7 8.1 -8.6
KOCG FIS Knights of Columbus Global Belief ETF 3.1 75 -26 6.1 -10.6
ASEA Global X FTSE Southeast Asia ETF 3.1 65 -16 6.9 -9.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.1 79 -30 7.7 -9.0
WDIV SPDR S&P Global Dividend ETF 3.0 40 9 9.6 -7.0
SDIV Global X Superdividend ETF 2.8 58 -9 13.9 -2.8
UMMA Wahed Dow Jones Islamic World ETF 2.7 65 -16 5.3 -11.4
EZA iShares MSCI South Africa ETF 2.7 58 -9 10.9 -5.8
WWJD Inspire International ETF 2.7 80 -31 7.6 -9.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.6 75 -26 3.5 -13.2
VIGI Vanguard International Dividend Appreciation ETF 2.6 15 34 6.2 -10.5
AFK VanEck Africa Index ETF 2.5 98 -49 12.6 -4.1
BLES Inspire Global Hope ETF 2.5 61 -12 6.9 -9.8
THD iShares MSCI Thailand ETF 2.5 58 -9 5.1 -11.6
FLSA Franklin FTSE Saudi Arabia ETF 2.4 39 10 5.9 -10.7
KSA iShares MSCI Saudi Arabia ETF 2.4 74 -25 5.7 -10.9
ILF iShares Latin America 40 ETF 2.4 48 1 13.5 -3.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.4 70 -21 7.8 -8.9
BUYZ Franklin Disruptive Commerce ETF 2.2 50 -1 2.6 -14.1
WUGI AXS Esoterica NextG Economy ETF 2.1 75 -26 2.9 -13.7
ICOP iShares Copper and Metals Mining ETF 2.0 47 2 10.0 -6.7
OGIG ALPS O'Shares Global Internet Giants ETF 2.0 48 1 1.9 -14.8
INDF Nifty India Financials ETF 2.0 75 -26 6.6 -10.1
FDCF Fidelity Disruptive Communications ETF 1.9 50 -1 3.3 -13.4
ISHP First Trust Nasdaq Retail ETF 1.9 60 -11 5.5 -11.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.9 65 -16 7.9 -8.8
CNYA iShares MSCI China A ETF 1.9 60 -11 7.2 -9.4
DTCR Global X Data Center & Digital Infrastructure ETF 1.8 50 -1 1.7 -14.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.8 61 -12 1.4 -15.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.8 55 -6 4.5 -12.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.7 60 -11 11.0 -5.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.7 39 10 11.0 -5.7
TUR iShares MSCI Turkey ETF 1.7 58 -9 19.2 +2.5
EWW iShares MSCI Mexico ETF 1.5 50 -1 9.6 -7.0
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.5 61 -12 -1.1 -17.7
QTUM Defiance Quantum ETF 1.5 40 9 7.7 -8.9
IOO iShares Global 100 ETF 1.5 41 8 5.4 -11.3
FLMX Franklin FTSE Mexico ETF 1.5 19 30 9.9 -6.8
TTAI FCF International Quality ETF 1.5 59 -10 6.9 -9.7
ARTY iShares Future AI & Tech ETF 1.5 47 2 4.1 -12.6
BWEB Bitwise Web3 ETF 1.4 85 -36 0.1 -16.6
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -3 4.4 -12.3
JGLO JPMorgan Global Select Equity ETF 1.4 33 16 5.1 -11.5
ROBO ROBO Global Robotics & Automation Index ETF 1.3 95 -46 4.0 -12.7
IDAT iShares Future Cloud 5G and Tech ETF 1.3 47 2 4.8 -11.9
OND ProShares On-Demand ETF 1.3 58 -9 1.5 -15.2
GLIN VanEck India Growth Leaders ETF 1.2 77 -28 6.4 -10.3
SUPL ProShares Supply Chain Logistics ETF 1.2 58 -9 5.4 -11.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.2 55 -6 8.1 -8.6
RAYC Rayliant Quantamental China Equity ETF 1.1 80 -31 9.0 -7.6
IXC iShares Global Energy ETF 1.1 44 5 9.8 -6.8
SNSR Global X Internet of Things ETF 1.1 68 -19 5.0 -11.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.1 45 4 3.5 -13.2
AIS VistaShares Artificial Intelligence Supercycle ETF 1.1 75 -26 4.6 -12.0
CGIE Capital Group International Equity ETF 1.1 54 -5 5.1 -11.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 37 7.7 -9.0
FCLD Fidelity Cloud Computing ETF 1.1 39 10 3.0 -13.7
DGIN VanEck Digital India ETF 1.0 71 -22 2.0 -14.7
INCO Columbia India Consumer ETF 1.0 75 -26 1.8 -14.9
IDX VanEck Indonesia Index ETF 1.0 57 -8 8.4 -8.3
CGDG Capital Group Dividend Growers ETF 1.0 47 2 6.3 -10.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -16 3.5 -13.2
EIDO iShares MSCI Indonesia ETF 0.9 59 -10 8.5 -8.2
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 -9 11.2 -5.5
IGPT Invesco AI and Next Gen Software ETF 0.9 60 -11 4.9 -11.8
CARZ First Trust NASDAQ Global Auto Index Fund 0.9 70 -21 6.0 -10.7
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -19 7.8 -8.9
PGJ Invesco Golden Dragon China ETF 0.9 70 -21 13.9 -2.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 0 6.0 -10.7
OCEN IQ Clean Oceans ETF 0.8 45 4 5.7 -11.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 39 7.5 -9.2
CGV Conductor Global Equity Value ETF 0.8 130 -81 9.2 -7.5
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -10 3.8 -12.8
SMOG VanEck Low Carbon Energy ETF 0.8 61 -12 1.5 -15.1
DFNL Davis Select Financial ETF 0.8 63 -14 9.3 -7.4
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -13 2.5 -14.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -36 8.0 -8.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -30 3.8 -12.9
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -11 7.9 -8.8
ICLN iShares Global Clean Energy ETF 0.7 41 8 6.4 -10.3
DWX SPDR S&P International Dividend ETF 0.7 45 4 6.6 -10.1
DMAT Global X Disruptive Materials ETF 0.7 59 -10 9.2 -7.5
BRAZ Global X Brazil Active ETF 0.7 75 -26 13.1 -3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 58 -9 10.1 -6.5
GMET VanEck Green Metals ETF 0.6 63 -14 10.8 -5.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.6 72 -23 -1.2 -17.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 -9 5.5 -11.2
HAP VanEck Natural Resources ETF 0.6 50 -1 10.0 -6.6
PBD Invesco Global Clean Energy ETF 0.6 75 -26 0.4 -16.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -16 8.1 -8.6
IDRV iShares Self-driving EV & Tech ETF 0.6 47 2 2.5 -14.2
INTF iShares International Equity Factor ETF 0.6 15 34 8.1 -8.5
KXI iShares Global Consumer Staples ETF 0.6 41 8 5.4 -11.2
EWM iShares MSCI Malaysia ETF 0.6 50 -1 6.6 -10.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -21 8.6 -8.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 -10 13.3 -3.4
KURE KraneShares MSCI All China Health Care Index ETF 0.5 65 -16 3.2 -13.5
APIE ActivePassive International Equity ETF 0.5 45 4 7.7 -9.0
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 -10 6.2 -10.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -31 13.6 -3.1
MXI iShares Global Materials ETF 0.5 41 8 8.1 -8.6
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -31 12.6 -4.0
IGF iShares Global Infrastructure ETF 0.5 41 8 4.9 -11.8
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.9 -11.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 3 4.9 -11.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -19 6.8 -9.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 5.7 -11.0
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 10 8.8 -7.9
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -21 8.1 -8.6
RING iShares MSCI Global Gold Miners ETF 0.4 39 10 5.8 -10.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.4 39 10 -1.1 -17.8
LIT Global X Lithium & Battery Tech ETF 0.4 75 -26 5.9 -10.7
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 0 5.9 -10.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 11 4.9 -11.7
CTEC Global X CleanTech ETF 0.4 50 -1 2.2 -14.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 42 7.0 -9.6
GNR SPDR S&P Global Natural Resources ETF 0.4 40 9 11.4 -5.2
ECH iShares MSCI Chile ETF 0.4 58 -9 9.3 -7.4
TAN Invesco Solar ETF 0.4 67 -18 8.6 -8.1
GSFP Goldman Sachs Future Planet Equity ETF 0.3 75 -26 4.8 -11.8
IBAT iShares Energy Storage & Materials ETF 0.3 47 2 5.3 -11.4
COPX Global X Copper Miners ETF 0.3 65 -16 8.9 -7.8
AGMI Themes Silver Miners ETF 0.3 35 14 3.1 -13.6
BOAT SonicShares Global Shipping ETF 0.3 69 -20 31.6 +14.9
EBIZ Global X E-Commerce ETF 0.3 50 -1 4.3 -12.3
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -10 10.8 -5.8
BINV Brandes International ETF 0.3 70 -21 9.5 -7.1
MOO VanEck Agribusiness ETF 0.3 53 -4 10.8 -5.8
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 5.1 -11.6
CGGO Capital Group Global Growth Equity ETF 0.3 47 2 5.0 -11.7
IQSI IQ Candriam International Equity ETF 0.3 15 34 6.7 -10.0
CRAK VanEck Oil Refiners ETF 0.2 61 -12 15.4 -1.3
URA Global X Uranium ETF 0.2 69 -20 3.5 -13.2
IDOG ALPS International Sector Dividend Dogs ETF 0.2 50 -1 12.3 -4.4
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 2 5.8 -10.9
CGGR Capital Group Growth ETF 0.2 39 10 3.7 -13.0
OSEA Harbor International Compounders ETF 0.2 55 -6 4.7 -12.0
CUT Invesco MSCI Global Timber ETF 0.2 61 -12 9.1 -7.5
WOOD iShares Global Timber & Forestry ETF 0.2 42 7 9.5 -7.2
JXI iShares Global Utilities ETF 0.2 43 6 6.0 -10.7
RNRG Global X Renewable Energy Producers ETF 0.2 66 -17 6.1 -10.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 29 3.7 -12.9
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -61 5.1 -11.6
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -57 10.9 -5.7
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 4 -0.1 -16.8
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 14 1.9 -14.8
BOUT Innovator IBD Breakout Opportunities ETF 0.2 81 -32 4.8 -11.9
PTEC Global X PropTech ETF 0.2 50 -1 2.5 -14.2
FPAG FPA Global Equity ETF 0.2 49 0 6.3 -10.4
JETS U.S. Global Jets ETF 0.2 60 -11 4.2 -12.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 28 4.3 -12.4
AQWA Global X Clean Water ETF 0.2 50 -1 5.0 -11.7
GDX VanEck Gold Miners ETF 0.2 51 -2 4.5 -12.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 3.8 -12.8
FRNW Fidelity Clean Energy ETF 0.2 39 10 4.2 -12.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 29 7.1 -9.5
BRF VanEck Brazil Small-Cap ETF 0.2 66 -17 12.9 -3.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -37 0.4 -16.3
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 4 3.1 -13.5
REET iShares Global REIT ETF 0.2 14 35 3.3 -13.3
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 2.9 -13.8
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -10 5.9 -10.8
DFGR Dimensional Global Real Estate ETF 0.2 22 27 3.2 -13.5
AVRE Avantis Real Estate ETF 0.1 17 32 3.3 -13.4
TIME Clockwise Core Equity & Innovation ETF 0.1 95 -46 8.1 -8.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -10 3.5 -13.2
FFTY Innovator IBD 50 ETF 0.1 80 -31 -2.5 -19.2
ONLN ProShares Online Retail ETF 0.1 58 -9 2.6 -14.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.1 58 -9 4.3 -12.3
QQMG Invesco ESG NASDAQ 100 ETF 0.1 20 29 4.6 -12.0
QQQ Invesco QQQ Trust Series I 0.1 20 29 4.6 -12.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.1 35 14 4.5 -12.1
QQQM Invesco NASDAQ 100 ETF 0.1 15 34 4.6 -12.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.1 57 -8 4.3 -12.3
XNTK SPDR NYSE Technology ETF 0.1 35 14 4.4 -12.3
TRFM AAM Transformers ETF 0.1 49 0 1.9 -14.8
FDTX Fidelity Disruptive Technology ETF 0.1 50 -1 3.0 -13.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.1 20 29 4.5 -12.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 30 6.3 -10.3
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.3 -9.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 1.1 -15.6
WTRE WisdomTree New Economy Real Estate Fund 0.1 58 -9 9.6 -7.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 6.3 -10.4
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -17 -6.0 -22.6
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 2.7 -14.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.1 80 -31 9.7 -7.0
UIVM VictoryShares International Value Momentum ETF 0.1 35 14 9.5 -7.2
ARKF ARK Fintech Innovation ETF 0.1 75 -26 -0.3 -16.9
CGW Invesco S&P Global Water Index ETF 0.1 57 -8 4.8 -11.9
PIO Invesco Global Water ETF 0.1 75 -26 4.9 -11.7
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 0 4.8 -11.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 2 4.4 -12.3
INQQ India Internet & Ecommerce ETF 0.1 86 -37 1.1 -15.6
OZEM Roundhill GLP-1 & Weight Loss ETF 0.1 59 -10 1.1 -15.5
SRET Global X SuperDividend REIT ETF 0.1 59 -10 8.1 -8.5
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 2 2.8 -13.9
RAYS Global X Solar ETF 0.1 51 -2 6.3 -10.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -30 5.9 -10.8
FLHK Franklin FTSE Hong Kong ETF 0.1 9 40 6.8 -9.8
GCOW Pacer Global Cash Cows Dividend ETF 0.1 60 -11 10.9 -5.7
EBLU Ecofin Global Water ESG Fund 0.1 40 9 4.4 -12.2
EXI iShares Global Industrials ETF 0.1 42 7 4.9 -11.8
VPL Vanguard FTSE Pacific ETF 0.1 8 41 7.7 -9.0
SMIN iShares MSCI India Small Cap ETF 0.1 79 -30 3.3 -13.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.1 45 4 0.0 -16.7
IPOS Renaissance International IPO ETF 0.1 80 -31 2.4 -14.2
DTEC ALPS Disruptive Technologies ETF 0.1 50 -1 4.0 -12.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 29 7.4 -9.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.2 -8.4
GWX SPDR S&P International Small Cap ETF 0.0 40 9 6.7 -9.9
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 29 -9.4 -26.0
SCHF Schwab International Equity ETF 0.0 6 43 7.7 -8.9
VEA Vanguard FTSE Developed Markets ETF 0.0 5 44 7.6 -9.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 8.3 -8.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 46 7.5 -9.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 24 10.1 -6.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 25 6.4 -10.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 7.0 -9.7

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:		 Invesco FTSE RAFI Emerging Markets ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.6 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 16.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.50
 
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.