Invesco FTSE RAFI Emerging Markets ETF
ALTAR
Score™		 12.4% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.1x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 4.1%


  • 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 PowerShares
Website www.powershares.com
Inception date Sep 27, 2007
Assets (mns) $1,230
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 348
Wgt avg mkt cap (mns) $100,338
Large cap (>$10bn) 77.8%
Mid cap ($2-10bn) 18.3%
Small cap (<$2bn) 0.9%
Developed mkts 4.0%
Emerging mkts 96.0%

TOP TEN HOLDINGS
INVESCO GOVERNMENT & AGENCY PORTFO 6.9 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
ALIBABA GROUP HOLDING LTD. 3.7 %
PETROBRAS - PETROLEO BRAS-PR 2.8 %
TENCENT HOLDINGS LTD 2.7 %
VALE SA 2.6 %
IND & COMM BK OF CHINA - H 2.4 %
CHINA CONSTRUCTION BANK-H 2.2 %
PETROBRAS - PETROLEO BRAS 2.0 %
BANK OF CHINA LTD - H 1.8 %
Total 32.2 %

TOP COUNTRY EXPOSURE
CHINA 32.4 %
TAIWAN 16.9 %
BRAZIL 14.3 %
INDIA 11.8 %
SOUTH AFRICA 3.2 %
THAILAND 3.0 %
SAUDI ARABIA 2.8 %
MEXICO 2.2 %
HONG KONG 2.1 %
TURKEY 2.0 %

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.
2.2% 13.4% 2.9% 3.7% 1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.58 36%
MSCI EAFE 0.79 63%
MSCI Emg. Mkts. 0.91 88%

Technical Indicators
Recent close $19.60
30d moving avg. $18.29
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 160
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $17,624

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 382 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™: 12.4%


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 69.2 39 10 12.5 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 50.3 49 0 8.3 -4.1
SCHE Schwab Emerging Markets Equity ETF 49.6 11 38 7.6 -4.8
EEM iShares MSCI Emerging Markets ETF 48.5 69 -20 7.0 -5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 47.9 66 -17 7.2 -5.2
VWO Vanguard FTSE Emerging Markets ETF 47.5 8 41 7.6 -4.8
BKEM BNY Mellon Emerging Markets Equity ETF 47.5 11 38 7.7 -4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 46.7 36 13 7.5 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 45.0 30 19 7.5 -4.9
IEMG iShares Core MSCI Emerging Markets ETF 44.6 9 40 7.5 -4.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 44.5 45 4 8.6 -3.8
EEMA iShares MSCI Emerging Markets Asia ETF 42.9 49 0 6.7 -5.7
DFAE Dimensional Emerging Core Equity Market ETF 42.4 35 14 7.7 -4.7
BKF iShares MSCI BIC ETF 41.9 69 -20 7.1 -5.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.1 70 -21 6.3 -6.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 40.9 50 -1 10.5 -1.9
EMXF iShares ESG Advanced MSCI EM ETF 40.6 16 33 7.4 -5.0
LDEM iShares ESG MSCI EM Leaders ETF 40.5 17 32 7.7 -4.7
FLAX Franklin FTSE Asia Ex Japan ETF 40.5 19 30 7.2 -5.2
SPEM SPDR Portfolio Emerging Markets ETF 40.3 7 42 7.5 -4.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 39.8 15 34 7.1 -5.3
EMXC iShares MSCI Emerging Markets ex China ETF 39.2 25 24 6.7 -5.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 39.0 20 29 7.5 -4.9
EMGF iShares Emerging Markets Equity Factor ETF 38.4 25 24 8.7 -3.7
ESGE iShares ESG Aware MSCI EM ETF 36.5 25 24 7.7 -4.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 36.1 38 11 8.2 -4.2
GMF SPDR S&P Emerging Asia Pacific ETF 35.5 49 0 6.4 -6.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 34.9 59 -10 9.6 -2.8
DFEV Dimensional Emerging Markets Value ETF 34.9 43 6 10.9 -1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 34.7 33 16 7.2 -5.2
ROAM Hartford Multifactor Emerging Markets ETF 34.5 44 5 11.7 -0.7
STXE Strive Emerging Markets Ex-China ETF 34.2 32 17 6.9 -5.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 33.8 30 19 8.5 -3.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.1 24 25 7.1 -5.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 31.1 32 17 6.3 -6.1
MCHI iShares MSCI China ETF 31.1 59 -10 8.9 -3.5
FLCH Franklin FTSE China ETF 31.0 19 30 9.6 -2.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 31.0 41 8 7.8 -4.6
GXC SPDR S&P China ETF 29.4 59 -10 9.0 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 28.8 36 13 6.8 -5.6
DEM WisdomTree Emerging Markets High Dividend Fund 28.8 63 -14 12.9 +0.5
XCEM Columbia EM Core ex-China ETF 28.4 16 33 7.4 -5.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 28.2 18 31 7.9 -4.5
XC WisdomTree Emerging Markets Ex-China Fund 28.1 32 17 6.2 -6.2
AVEM Avantis Emerging Markets Equity ETF 27.9 33 16 9.1 -3.3
AIA iShares Asia 50 ETF 27.4 50 -1 6.9 -5.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.3 32 17 7.6 -4.8
FXI iShares China Large-Cap ETF 27.3 74 -25 9.6 -2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 27.2 44 5 10.3 -2.1
KALL KraneShares MSCI All China Index ETF 27.1 49 0 9.4 -3.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 26.4 75 -26 9.6 -2.8
DEHP Dimensional Emerging Markets High Profitability ETF 25.8 41 8 7.3 -5.1
FDEM Fidelity Emerging Markets Multifactor ETF 24.9 25 24 11.9 -0.5
CN Xtrackers MSCI All China Equity ETF 24.5 50 -1 8.7 -3.7
EMMF WisdomTree Emerging Markets Multifactor Fund 24.2 48 1 9.4 -3.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.0 40 9 7.1 -5.3
RNEM First Trust Emerging Markets Equity Select ETF 21.8 75 -26 8.2 -4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 20.9 45 4 12.7 +0.3
AVES Avantis Emerging Markets Value ETF 20.8 36 13 12.1 -0.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 20.6 95 -46 11.4 -1.0
DVYE iShares Emerging Markets Dividend ETF 20.0 49 0 16.6 +4.2
EEMO Invesco S&P Emerging Markets Momentum ETF 18.9 29 20 6.2 -6.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 17.7 25 24 7.0 -5.4
FEM First Trust Emerging Markets AlphaDEX Fund 17.7 80 -31 16.3 +3.9
FLLA Franklin FTSE Latin America ETF 16.9 19 30 11.7 -0.7
MCH Matthews China Active ETF 16.4 79 -30 6.1 -6.3
FLTW Franklin FTSE Taiwan ETF 16.4 19 30 6.0 -6.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 16.4 88 -39 6.2 -6.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 16.4 20 29 10.7 -1.7
EWT iShares MSCI Taiwan ETF 16.2 58 -9 5.7 -6.7
ACWX iShares MSCI ACWI ex U.S. ETF 16.2 34 15 6.7 -5.7
JCHI JPMorgan Active China ETF 15.7 65 -16 7.9 -4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 41 8 6.7 -5.7
VYMI Vanguard International High Dividend Yield ETF 14.8 22 27 9.7 -2.7
ECON Columbia Emerging Markets Consumer ETF 14.3 49 0 4.8 -7.6
RODE Hartford Multifactor Diversified International ETF 14.3 29 20 11.5 -0.9
FLBR Franklin FTSE Brazil ETF 14.3 19 30 12.4 0.0
VEU Vanguard FTSE All-World ex-US Index Fund 14.2 8 41 7.2 -5.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 14.2 60 -11 0.9 -11.5
IXUS iShares Core MSCI Total International Stock ETF 14.2 7 42 6.9 -5.5
VXUS Vanguard Total International Stock ETF 14.1 7 42 7.1 -5.3
MEM Matthews Emerging Markets Equity Active ETF 14.0 79 -30 5.7 -6.7
VSGX Vanguard ESG International Stock ETF 14.0 12 37 6.8 -5.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.6 29 20 8.3 -4.1
EWZ iShares MSCI Brazil ETF 13.6 58 -9 11.9 -0.5
MINV Matthews Asia Innovators Active ETF 13.6 79 -30 2.8 -9.6
EDIV SPDR S&P Emerging Markets Dividend ETF 12.6 49 0 10.9 -1.5
ACWV iShares MSCI Global Min Vol Factor ETF 12.5 20 29 6.7 -5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.8 42 7 6.8 -5.6
FLIN Franklin FTSE India ETF 11.5 19 30 5.2 -7.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 11.5 67 -18 17.5 +5.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 11.4 86 -37 1.9 -10.5
INDA iShares MSCI India ETF 11.4 65 -16 3.7 -8.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 11.3 32 17 5.7 -6.7
FCA First Trust China AlphaDEX Fund 11.2 80 -31 17.6 +5.3
CWI SPDR MSCI ACWI ex-US ETF 11.1 30 19 6.8 -5.6
IQDF FlexShares International Quality Dividend Index Fund 10.8 47 2 10.7 -1.7
FLN First Trust Latin America AlphaDEX Fund 10.8 80 -31 11.1 -1.3
EMC Global X Emerging Markets Great Consumer ETF 10.8 75 -26 4.9 -7.5
EPI WisdomTree India Earnings Fund 10.8 85 -36 6.6 -5.8
PIN Invesco India ETF 10.7 78 -29 3.8 -8.6
TCHI iShares MSCI China Multisector Tech ETF 10.6 59 -10 3.0 -9.4
KTEC KraneShares Hang Seng TECH Index ETF 10.6 69 -20 -3.9 -16.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.2 30 19 7.8 -4.6
KWEB KraneShares CSI China Internet ETF 10.2 69 -20 -0.7 -13.1
DEW WisdomTree Global High Dividend Fund 10.0 58 -9 9.1 -3.3
FDNI First Trust Dow Jones International Internet ETF 9.7 65 -16 2.8 -9.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.6 47 2 10.3 -2.1
FBZ First Trust Brazil AlphaDEX Fund 9.4 80 -31 11.9 -0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 9.2 78 -29 8.8 -3.6
INDY iShares India 50 ETF 9.2 89 -40 3.7 -8.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.2 80 -31 6.1 -6.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.0 90 -41 7.0 -5.4
MOTI VanEck Morningstar International Moat ETF 8.9 58 -9 6.9 -5.5
FRDM Freedom 100 Emerging Markets ETF 8.6 49 0 7.3 -5.1
VIDI Vident International Equity Strategy ETF 8.6 61 -12 11.9 -0.5
EYLD Cambria Emerging Shareholder Yield ETF 8.6 66 -17 12.1 -0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.3 70 -21 11.4 -1.0
CHAT Roundhill Generative AI & Technology ETF 7.8 75 -26 4.2 -8.2
IQDE FlexShares International Quality Dividend Defensive Index ET 7.8 47 2 10.7 -1.7
GBUY Goldman Sachs Future Consumer Equity ETF 7.8 75 -26 3.1 -9.3
CHIQ Global X MSCI China Consumer Discretionary ETF 7.4 65 -16 5.3 -7.1
DSTX Distillate International Fundamental Stability & Value ETF 7.2 55 -6 8.0 -4.4
FILL iShares MSCI Global Energy Producers ETF 7.0 39 10 9.0 -3.4
WRND IQ Global Equity R&D Leaders ETF 6.9 18 31 7.2 -5.2
KNCT Invesco Next Gen Connectivity ETF 6.9 40 9 5.9 -6.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.4 65 -16 8.4 -4.0
EMM Global X Emerging Markets ex-China ETF 6.2 75 -26 3.7 -8.7
PICK iShares MSCI Global Metals & Mining Producers ETF 6.2 39 10 11.0 -1.4
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.2 49 0 19.0 +6.6
EMFQ Amplify Emerging Markets FinTech ETF 6.1 69 -20 5.4 -7.0
ACWI iShares MSCI ACWI ETF 6.1 32 17 5.5 -6.9
IWTR iShares MSCI Water Management Multisector ETF 6.0 47 2 4.8 -7.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.6 46 3 8.8 -3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.5 20 29 5.6 -6.8
IXN iShares Global Tech ETF 5.5 41 8 4.3 -8.1
CLNR IQ Cleaner Transport ETF 5.2 45 4 8.3 -4.1
GVAL Cambria Global Value ETF 5.1 68 -19 12.3 -0.1
VT Vanguard Total World Stock ETF 5.1 7 42 5.8 -6.6
CGXU Capital Group International Focus Equity ETF 5.1 54 -5 4.1 -8.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.0 60 -11 14.7 +2.3
SCHY Schwab International Dividend Equity ETF 5.0 14 35 9.3 -3.1
MOTG VanEck Morningstar Global Wide Moat ETF 5.0 52 -3 5.8 -6.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 4.9 68 -19 8.8 -3.6
NXTG First Trust Indxx NextG ETF 4.8 70 -21 6.0 -6.4
CGRO CoreValues Alpha Greater China Growth ETF 4.8 75 -26 2.6 -9.8
GLOF iShares Global Equity Factor ETF 4.7 20 29 7.1 -5.3
GGME Invesco Next Gen Media and Gaming ETF 4.6 60 -11 4.1 -8.3
METV Roundhill Ball Metaverse ETF 4.5 59 -10 3.4 -9.0
JIG JPMorgan International Growth ETF 4.4 55 -6 4.3 -8.1
CQQQ Invesco China Technology ETF 4.3 70 -21 -5.7 -18.1
RXI iShares Global Consumer Discretionary ETF 4.2 41 8 5.5 -6.9
DGT SPDR Global Dow ETF 4.2 50 -1 6.7 -5.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 -11 10.0 -2.4
IGRO iShares International Dividend Growth ETF 4.1 15 34 7.1 -5.3
IXP iShares Global Comm Services ETF 4.0 42 7 5.3 -7.1
ARVR First Trust Indxx Metaverse ETF 4.0 70 -21 2.5 -9.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.9 12 37 5.1 -7.3
NDIA Global X India Active ETF 3.7 75 -26 6.5 -5.9
ASEA Global X FTSE Southeast Asia ETF 3.7 65 -16 6.5 -5.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.7 47 2 0.7 -11.7
XT iShares Exponential Technologies ETF 3.6 46 3 3.9 -8.5
ANEW ProShares MSCI Transformational Changes ETF 3.5 45 4 3.3 -9.1
ILF iShares Latin America 40 ETF 3.5 48 1 10.3 -2.1
WWJD Inspire International ETF 3.4 80 -31 7.1 -5.3
KOIN Capital Link Global Fintech Leaders ETF 3.4 75 -26 4.6 -7.8
AIQ Global X Artificial Intelligence & Technology ETF 3.4 68 -19 4.2 -8.2
OBOR KraneShares MSCI One Belt One Road Index ETF 3.2 79 -30 10.3 -2.1
IVRS iShares Future Metaverse Tech and Communications ETF 3.1 47 2 -5.3 -17.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.1 75 -26 3.2 -9.2
BLES Inspire Global Hope ETF 3.1 61 -12 6.3 -6.1
FMET Fidelity Metaverse ETF 3.1 39 10 4.4 -8.0
EZA iShares MSCI South Africa ETF 3.1 58 -9 11.4 -1.0
IXG iShares Global Financials ETF 3.0 42 7 6.8 -5.6
SOCL Global X Social Media ETF 2.9 65 -16 -5.8 -18.2
THD iShares MSCI Thailand ETF 2.8 58 -9 5.8 -6.6
VIGI Vanguard International Dividend Appreciation ETF 2.8 15 34 5.6 -6.8
FLSA Franklin FTSE Saudi Arabia ETF 2.8 39 10 5.7 -6.7
KSA iShares MSCI Saudi Arabia ETF 2.8 74 -25 5.6 -6.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.8 9 40 5.7 -6.7
ESPO VanEck Video Gaming and eSports ETF 2.8 56 -7 4.5 -7.9
IBUY Amplify Online Retail ETF 2.7 65 -16 1.8 -10.6
IWFH iShares Virtual Work and Life Multisector ETF 2.7 47 2 -3.5 -15.9
ODDS Pacer BlueStar Digital Entertainment ETF 2.7 60 -11 3.0 -9.4
MRAD SmartETFs Advertising & Marketing Technology ETF 2.7 68 -19 4.2 -8.2
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -40 4.8 -7.6
IPKW Invesco International BuyBack Achievers ETF 2.6 55 -6 9.1 -3.3
DINT Davis Select International ETF 2.5 55 -6 4.7 -7.7
DWLD Davis Select Worldwide ETF 2.5 63 -14 5.6 -6.8
FTRI First Trust Indxx Global Natural Resources Income ETF 2.4 70 -21 10.6 -1.8
AFK VanEck Africa Index ETF 2.3 98 -49 10.0 -2.4
EWW iShares MSCI Mexico ETF 2.2 50 -1 9.7 -2.7
FLMX Franklin FTSE Mexico ETF 2.2 19 30 10.8 -1.6
INDF Nifty India Financials ETF 2.2 75 -26 6.0 -6.4
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -11 9.8 -2.6
TUR iShares MSCI Turkey ETF 2.0 58 -9 18.6 +6.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.0 70 -21 7.2 -5.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.9 65 -16 8.9 -3.5
CNYA iShares MSCI China A ETF 1.9 60 -11 8.6 -3.8
OGIG ALPS O'Shares Global Internet Giants ETF 1.9 48 1 0.5 -11.9
SDIV Global X Superdividend ETF 1.8 58 -9 17.6 +5.2
GLIN VanEck India Growth Leaders ETF 1.8 77 -28 5.3 -7.1
QINT American Century Quality Diversified International ETF 1.7 39 10 7.4 -5.0
MVPS Amplify Thematic All-Stars ETF 1.7 49 0 1.7 -10.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.6 61 -12 -4.0 -16.4
TTAI FCF International Quality ETF 1.6 59 -10 7.4 -5.0
CGGO Capital Group Global Growth Equity ETF 1.6 47 2 4.3 -8.1
WDIV SPDR S&P Global Dividend ETF 1.6 40 9 10.2 -2.2
WUGI AXS Esoterica NextG Economy ETF 1.6 75 -26 2.1 -10.3
KOCG FIS Knights of Columbus Global Belief ETF 1.5 75 -26 5.3 -7.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.5 45 4 6.2 -6.2
BWEB Bitwise Web3 ETF 1.4 85 -36 0.9 -11.5
UMMA Wahed Dow Jones Islamic World ETF 1.4 65 -16 4.3 -8.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 -9 10.1 -2.3
CGV Conductor Global Equity Value ETF 1.4 130 -81 11.3 -1.1
ISHP First Trust Nasdaq Retail ETF 1.4 60 -11 3.2 -9.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.3 86 -37 1.9 -10.5
INQQ India Internet & Ecommerce ETF 1.3 86 -37 10.8 -1.6
SUPL ProShares Supply Chain Logistics ETF 1.3 58 -9 13.1 +0.7
EIDO iShares MSCI Indonesia ETF 1.2 59 -10 7.6 -4.8
HJEN Direxion Hydrogen ETF 1.2 45 4 -3.2 -15.6
QTUM Defiance Quantum ETF 1.2 40 9 3.9 -8.5
GINN Goldman Sachs Innovate Equity ETF 1.2 52 -3 2.7 -9.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.2 55 -6 8.4 -4.0
IDX VanEck Indonesia Index ETF 1.2 57 -8 7.9 -4.5
INCO Columbia India Consumer ETF 1.2 75 -26 1.6 -10.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 37 8.7 -3.7
DWX SPDR S&P International Dividend ETF 1.2 45 4 7.1 -5.3
AFTY Pacer CSOP FTSE China A50 ETF 1.2 70 -21 9.2 -3.2
BRAZ Global X Brazil Active ETF 1.1 75 -26 10.3 -2.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 -12 -13.0 -25.4
DGIN VanEck Digital India ETF 1.1 71 -22 1.6 -10.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 0 5.8 -6.6
BUYZ Franklin Disruptive Commerce ETF 1.1 50 -1 2.1 -10.3
IDAT iShares Future Cloud 5G and Tech ETF 1.1 47 2 4.5 -7.9
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 -9 11.6 -0.8
HAP VanEck Natural Resources ETF 1.0 50 -1 9.5 -2.9
IOO iShares Global 100 ETF 1.0 41 8 4.8 -7.6
RAYC Rayliant Quantamental China Equity ETF 1.0 80 -31 8.7 -3.7
IGPT Invesco AI and Next Gen Software ETF 0.9 60 -11 3.8 -8.6
OND ProShares On-Demand ETF 0.9 58 -9 -2.5 -14.9
SNSR Global X Internet of Things ETF 0.9 68 -19 4.3 -8.1
KXI iShares Global Consumer Staples ETF 0.9 41 8 5.6 -6.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.9 75 -26 5.2 -7.2
SMOG VanEck Low Carbon Energy ETF 0.9 61 -12 3.0 -9.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 39 8.2 -4.2
DMAT Global X Disruptive Materials ETF 0.8 59 -10 9.9 -2.5
CGUS Capital Group Core Equity ETF 0.8 33 16 4.7 -7.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -16 1.6 -10.8
MXI iShares Global Materials ETF 0.8 41 8 6.6 -5.8
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.8 65 -16 5.0 -7.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -16 7.7 -4.7
GMET VanEck Green Metals ETF 0.7 63 -14 9.8 -2.6
PGJ Invesco Golden Dragon China ETF 0.7 70 -21 4.9 -7.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 14.2 +1.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -36 8.1 -4.3
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.7 69 -20 0.0 -12.4
IXC iShares Global Energy ETF 0.7 44 5 8.2 -4.2
DFNL Davis Select Financial ETF 0.7 63 -14 6.8 -5.6
EMIF iShares Emerging Markets Infrastructure ETF 0.6 60 -11 4.6 -7.8
BTEK Future Tech ETF 0.6 88 -39 2.1 -10.3
OCEN IQ Clean Oceans ETF 0.6 45 4 5.3 -7.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 42 6.5 -5.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 3 5.6 -6.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 2 5.9 -6.5
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 -10 8.2 -4.2
EWM iShares MSCI Malaysia ETF 0.5 50 -1 5.7 -6.7
CTEC Global X CleanTech ETF 0.5 50 -1 1.0 -11.4
KURE KraneShares MSCI All China Health Care Index ETF 0.5 65 -16 3.6 -8.8
BNE Blue Horizon BNE ETF 0.5 87 -38 5.0 -7.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -21 3.5 -8.9
MOTO SmartETFs Smart Transportation & Technology ETF 0.5 68 -19 6.6 -5.8
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 9.2 -3.2
TAN Invesco Solar ETF 0.5 67 -18 6.2 -6.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -9 4.6 -7.8
APIE ActivePassive International Equity ETF 0.5 45 4 7.7 -4.7
RING iShares MSCI Global Gold Miners ETF 0.4 39 10 5.7 -6.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -23 2.2 -10.2
COPX Global X Copper Miners ETF 0.4 65 -16 6.9 -5.5
GSFP Goldman Sachs Future Planet Equity ETF 0.4 75 -26 4.5 -7.9
KGRN KraneShares MSCI China Clean Technology Index ETF 0.4 79 -30 6.5 -5.9
IGF iShares Global Infrastructure ETF 0.4 41 8 5.0 -7.4
GII SPDR S&P Global Infrastructure ETF 0.4 40 9 5.0 -7.4
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -21 9.1 -3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 4 4.9 -7.5
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.7 -8.7
URA Global X Uranium ETF 0.4 69 -20 3.9 -8.5
ECH iShares MSCI Chile ETF 0.4 58 -9 10.7 -1.7
CRAK VanEck Oil Refiners ETF 0.4 61 -12 13.1 +0.7
ICLN iShares Global Clean Energy ETF 0.4 41 8 4.3 -8.1
PBD Invesco Global Clean Energy ETF 0.3 75 -26 -3.9 -16.3
EBIZ Global X E-Commerce ETF 0.3 50 -1 1.2 -11.2
FPXI First Trust International Equity Opportunities ETF 0.3 70 -21 3.6 -8.8
MOO VanEck Agribusiness ETF 0.3 53 -4 9.4 -3.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 2 5.3 -7.1
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -10 2.9 -9.5
CUT Invesco MSCI Global Timber ETF 0.3 61 -12 8.6 -3.8
WOOD iShares Global Timber & Forestry ETF 0.3 42 7 9.6 -2.8
NTZG Nuveen Global Net Zero Transition ETF 0.3 56 -7 4.9 -7.5
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -46 2.8 -9.6
CGGR Capital Group Growth ETF 0.3 39 10 3.5 -8.9
JRNY ALPS Global Travel Beneficiaries ETF 0.3 65 -16 0.0 -12.4
FPAG FPA Global Equity ETF 0.3 49 0 5.7 -6.7
BOAT SonicShares Global Shipping ETF 0.3 69 -20 29.1 +16.7
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 -11 24.1 +11.7
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -10 14.2 +1.8
LNGG Roundhill Alerian LNG ETF 0.3 65 -16 8.5 -3.9
OSEA Harbor International Compounders ETF 0.3 55 -6 3.7 -8.7
CNRG SPDR S&P Kensho Clean Power ETF 0.3 45 4 -7.5 -19.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 14 2.3 -10.1
RNRG Global X Renewable Energy Producers ETF 0.3 66 -17 4.9 -7.5
JXI iShares Global Utilities ETF 0.3 43 6 6.7 -5.7
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.9 -3.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -19 3.4 -9.0
FRNW Fidelity Clean Energy ETF 0.3 39 10 3.7 -8.7
LIT Global X Lithium & Battery Tech ETF 0.2 75 -26 10.2 -2.2
IDRV iShares Self-driving EV & Tech ETF 0.2 47 2 -0.5 -12.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 10 -3.5 -15.9
GLIF AGF Global Infrastructure ETF 0.2 45 4 5.5 -6.9
JETS U.S. Global Jets ETF 0.2 60 -11 -15.6 -28.0
GDX VanEck Gold Miners ETF 0.2 51 -2 4.7 -7.7
BPAY BlackRock Future Financial and Technology ETF 0.2 70 -21 8.3 -4.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 -1 2.7 -9.7
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 2.6 -9.8
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -61 5.4 -7.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 28 3.9 -8.5
DFGR Dimensional Global Real Estate ETF 0.2 22 27 7.1 -5.3
SRET Global X SuperDividend REIT ETF 0.2 59 -10 10.1 -2.3
REET iShares Global REIT ETF 0.2 14 35 7.1 -5.3
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.9 -5.5
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -10 7.2 -5.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.2 79 -30 5.1 -7.3
RAYS Global X Solar ETF 0.2 51 -2 4.7 -7.7
XNTK SPDR NYSE Technology ETF 0.2 35 14 4.0 -8.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.2 35 14 4.8 -7.6
TRFM AAM Transformers ETF 0.2 49 0 1.2 -11.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.2 58 -9 4.8 -7.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.2 57 -8 3.8 -8.6
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 29 4.7 -7.7
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -10 2.6 -9.8
QQQ Invesco QQQ Trust Series I 0.2 20 29 4.6 -7.8
QQQM Invesco NASDAQ 100 ETF 0.2 15 34 4.7 -7.7
ONLN ProShares Online Retail ETF 0.2 58 -9 3.1 -9.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 29 2.1 -10.3
AQWA Global X Clean Water ETF 0.2 50 -1 4.3 -8.1
PBW Invesco WilderHill Clean Energy ETF 0.2 66 -17 -19.8 -32.2
IQSI IQ Candriam International Equity ETF 0.1 15 34 6.4 -6.0
CRUZ Defiance Hotel Airline and Cruise ETF 0.1 45 4 -4.9 -17.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.7 -5.7
EXI iShares Global Industrials ETF 0.1 42 7 4.7 -7.7
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.9 -5.5
LUX Tema Luxury ETF 0.1 75 -26 3.3 -9.1
IPOS Renaissance International IPO ETF 0.1 80 -31 -168.9 -181.3
GDVD R3 Global Dividend Growth ETF 0.1 88 -39 5.8 -6.6
PTEC Global X PropTech ETF 0.1 50 -1 1.7 -10.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 2.9 -9.5
BRF VanEck Brazil Small-Cap ETF 0.1 66 -17 7.9 -4.5
PIO Invesco Global Water ETF 0.1 75 -26 4.9 -7.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 2 5.2 -7.2
DTEC ALPS Disruptive Technologies ETF 0.1 50 -1 3.3 -9.1
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 -12 4.5 -7.9
AVRE Avantis Real Estate ETF 0.1 17 32 6.6 -5.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 30 5.8 -6.6
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.1 56 -7 1.7 -10.7
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 20 5.8 -6.6
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -1 11.6 -0.8
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 5.9 -6.5
SMIN iShares MSCI India Small Cap ETF 0.1 79 -30 4.3 -8.1
BLDG Cambria Global Real Estate ETF 0.1 60 -11 9.4 -3.0
UIVM VictoryShares International Value Momentum ETF 0.1 35 14 10.7 -1.7
FIXT Procure Disaster Recovery Strategy ETF 0.1 75 -26 5.7 -6.7
ARKF ARK Fintech Innovation ETF 0.1 75 -26 -2.2 -14.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.1 55 -6 3.6 -8.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -31 11.0 -1.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 29 -7.8 -20.2
BECO BlackRock Future Climate and Sustainable Economy ETF 0.1 70 -21 13.7 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 46 6.9 -5.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.0 -4.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.3 -5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.1 -7.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 7.6 -4.8
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -26 4.9 -7.5

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 11.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.39
 
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.