Invesco FTSE RAFI Emerging Markets ETF
ALTAR
Score™		 12.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.3x P/Sales
ratio		 0.8x
P/BV
ratio		 1.0x Div.
yield		 3.9%


  • 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) $1,174
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 344
Wgt avg mkt cap (mns) $119,001
Large cap (>$10bn) 79.1%
Mid cap ($2-10bn) 17.5%
Small cap (<$2bn) 0.8%
Developed mkts 4.1%
Emerging mkts 95.9%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 6.3 %
AMERICA MOVIL SAB DE CV 5.8 %
ALIBABA GROUP HOLDING LTD. 3.9 %
TENCENT HOLDINGS LTD 3.1 %
IND & COMM BK OF CHINA - H 2.8 %
PETROBRAS - PETROLEO BRAS-PR 2.4 %
CHINA CONSTRUCTION BANK-H 2.3 %
VALE SA 2.2 %
PING AN INSURANCE GROUP CO-H 1.8 %
BANK OF CHINA LTD - H 1.8 %
Total 32.4 %

TOP COUNTRY EXPOSURE
CHINA 33.0 %
TAIWAN 18.7 %
INDIA 12.8 %
BRAZIL 12.4 %
SOUTH AFRICA 3.4 %
THAILAND 2.7 %
SAUDI ARABIA 2.6 %
HONG KONG 2.2 %
TURKEY 2.2 %
MEXICO 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.0% 16.2% 3.7% 3.3% 1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.57 36%
MSCI EAFE 0.76 60%
MSCI Emg. Mkts. 0.91 89%

Technical Indicators
Recent close $19.87
30d moving avg. $20.54
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 209
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $19,120

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 388 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™: 12.7%


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 70.0 39 10 12.3 -0.4
JHEM John Hancock Multifactor Emerging Markets ETF 50.9 49 0 8.1 -4.6
SCHE Schwab Emerging Markets Equity ETF 50.4 11 38 7.3 -5.4
EEM iShares MSCI Emerging Markets ETF 49.0 69 -20 6.9 -5.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 47.2 66 -17 6.8 -5.9
BKEM BNY Mellon Emerging Markets Equity ETF 47.0 11 38 7.5 -5.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 46.6 30 19 7.4 -5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 45.7 36 13 7.1 -5.6
IEMG iShares Core MSCI Emerging Markets ETF 45.2 9 40 7.5 -5.2
EEMA iShares MSCI Emerging Markets Asia ETF 44.6 49 0 6.6 -6.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 44.4 45 4 7.9 -4.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 42.7 15 34 7.3 -5.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 42.7 70 -21 6.3 -6.4
DFAE Dimensional Emerging Core Equity Market ETF 42.7 35 14 7.4 -5.3
SPEM SPDR Portfolio Emerging Markets ETF 42.1 7 42 7.4 -5.3
LDEM iShares ESG MSCI EM Leaders ETF 41.9 17 32 7.5 -5.2
BKF iShares MSCI BIC ETF 40.9 69 -20 7.3 -5.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 40.9 50 -1 10.9 -1.8
EMXC iShares MSCI Emerging Markets ex China ETF 40.0 25 24 6.5 -6.2
EMGF iShares Emerging Markets Equity Factor ETF 40.0 25 24 8.7 -4.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 39.0 20 29 6.9 -5.8
ESGE iShares ESG Aware MSCI EM ETF 38.0 25 24 7.4 -5.3
EMXF iShares ESG Advanced MSCI EM ETF 37.5 16 33 7.0 -5.7
FLAX Franklin FTSE Asia Ex Japan ETF 37.3 19 30 7.0 -5.7
STXE Strive Emerging Markets Ex-China ETF 36.8 32 17 6.8 -5.9
GMF SPDR S&P Emerging Asia Pacific ETF 36.5 49 0 6.2 -6.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 36.2 32 17 6.3 -6.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 36.1 38 11 8.1 -4.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 35.2 33 16 7.1 -5.6
ROAM Hartford Multifactor Emerging Markets ETF 34.9 44 5 11.3 -1.4
DFEV Dimensional Emerging Markets Value ETF 34.5 43 6 11.1 -1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 34.4 59 -10 9.2 -3.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 34.2 24 25 6.6 -6.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 32.5 30 19 7.9 -4.8
VWO Vanguard FTSE Emerging Markets ETF 32.2 8 41 7.2 -5.5
MCHI iShares MSCI China ETF 31.7 59 -10 9.1 -3.6
FLCH Franklin FTSE China ETF 31.3 19 30 9.8 -2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 31.3 41 8 7.5 -5.2
AIA iShares Asia 50 ETF 30.1 50 -1 6.7 -6.0
GXC SPDR S&P China ETF 30.0 59 -10 9.1 -3.6
AVEM Avantis Emerging Markets Equity ETF 29.3 33 16 8.8 -3.9
XC WisdomTree Emerging Markets Ex-China Fund 29.2 32 17 5.8 -6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 29.2 36 13 6.7 -6.0
XCEM Columbia EM Core ex-China ETF 29.2 16 33 7.2 -5.5
KALL KraneShares MSCI All China Index ETF 28.5 49 0 9.7 -3.0
FXI iShares China Large-Cap ETF 28.2 74 -25 9.7 -3.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 27.8 75 -26 7.4 -5.3
DEHP Dimensional Emerging Markets High Profitability ETF 27.6 41 8 6.6 -6.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 27.5 18 31 7.0 -5.7
DEM WisdomTree Emerging Markets High Dividend Fund 27.2 63 -14 12.6 -0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.8 44 5 10.3 -2.4
FDEM Fidelity Emerging Markets Multifactor ETF 25.2 25 24 11.4 -1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.0 40 9 6.7 -6.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 24.7 32 17 6.6 -6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 24.2 48 1 9.0 -3.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.0 95 -46 10.6 -2.1
RNEM First Trust Emerging Markets Equity Select ETF 22.0 75 -26 5.9 -6.8
AVES Avantis Emerging Markets Value ETF 20.8 36 13 10.9 -1.8
MEM Matthews Emerging Markets Equity Active ETF 20.5 79 -30 5.8 -6.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 20.4 45 4 10.9 -1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 19.2 88 -39 5.4 -7.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 19.1 25 24 6.5 -6.2
DVYE iShares Emerging Markets Dividend ETF 19.0 49 0 15.5 +2.8
MINV Matthews Asia Innovators Active ETF 18.2 79 -30 1.0 -11.7
FLTW Franklin FTSE Taiwan ETF 18.2 19 30 5.6 -7.1
EEMO Invesco S&P Emerging Markets Momentum ETF 18.1 29 20 6.1 -6.6
EWT iShares MSCI Taiwan ETF 18.0 58 -9 5.3 -7.4
FEM First Trust Emerging Markets AlphaDEX Fund 17.4 80 -31 14.2 +1.5
JCHI JPMorgan Active China ETF 17.1 65 -16 8.5 -4.2
MCH Matthews China Active ETF 17.1 79 -30 6.4 -6.3
ACWX iShares MSCI ACWI ex U.S. ETF 16.9 34 15 6.8 -5.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 16.0 20 29 10.2 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.7 41 8 6.7 -6.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.4 32 17 6.8 -5.9
IXUS iShares Core MSCI Total International Stock ETF 14.7 7 42 7.0 -5.7
ECON Columbia Emerging Markets Consumer ETF 14.7 49 0 5.1 -7.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.5 42 7 7.4 -5.3
VYMI Vanguard International High Dividend Yield ETF 14.3 22 27 9.6 -3.1
FLLA Franklin FTSE Latin America ETF 14.2 19 30 12.9 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 14.1 8 41 7.0 -5.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 13.9 60 -11 0.5 -12.2
EDIV SPDR S&P Emerging Markets Dividend ETF 12.9 49 0 10.5 -2.2
VSGX Vanguard ESG International Stock ETF 12.7 12 37 6.5 -6.2
VXUS Vanguard Total International Stock ETF 12.6 7 42 6.9 -5.8
RODE Hartford Multifactor Diversified International ETF 12.6 29 20 11.4 -1.3
INDA iShares MSCI India ETF 12.5 65 -16 4.5 -8.2
FCA First Trust China AlphaDEX Fund 12.1 80 -31 18.1 +5.4
FLBR Franklin FTSE Brazil ETF 12.0 19 30 13.6 +0.9
EMC Global X Emerging Markets Great Consumer ETF 11.9 75 -26 4.8 -7.9
EWZ iShares MSCI Brazil ETF 11.8 58 -9 13.0 +0.3
PIN Invesco India ETF 11.7 78 -29 4.7 -8.0
IQDF FlexShares International Quality Dividend Index Fund 11.5 47 2 8.9 -3.8
CWI SPDR MSCI ACWI ex-US ETF 11.4 30 19 6.7 -6.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.4 29 20 8.3 -4.4
FLIN Franklin FTSE India ETF 11.3 19 30 5.1 -7.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.2 47 2 9.1 -3.6
KTEC KraneShares Hang Seng TECH Index ETF 11.1 69 -20 -4.1 -16.8
ACWV iShares MSCI Global Min Vol Factor ETF 11.0 20 29 6.2 -6.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 10.9 86 -37 2.0 -10.7
KWEB KraneShares CSI China Internet ETF 10.9 69 -20 -0.9 -13.6
TCHI iShares MSCI China Multisector Tech ETF 10.7 59 -10 2.2 -10.5
EPI WisdomTree India Earnings Fund 10.5 85 -36 6.2 -6.5
FDNI First Trust Dow Jones International Internet ETF 10.4 65 -16 3.0 -9.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.4 30 19 7.9 -4.8
INDY iShares India 50 ETF 10.3 89 -40 4.8 -7.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 10.3 80 -31 6.1 -6.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 10.2 78 -29 9.3 -3.4
GBUY Goldman Sachs Future Consumer Equity ETF 10.0 75 -26 3.7 -9.0
DEW WisdomTree Global High Dividend Fund 9.5 58 -9 8.7 -4.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.5 90 -41 6.3 -6.4
FLN First Trust Latin America AlphaDEX Fund 9.4 80 -31 9.9 -2.8
CHAT Roundhill Generative AI & Technology ETF 9.1 75 -26 4.1 -8.6
FRDM Freedom 100 Emerging Markets ETF 9.1 49 0 6.7 -6.0
FBZ First Trust Brazil AlphaDEX Fund 9.0 80 -31 12.3 -0.4
JIG JPMorgan International Growth ETF 8.8 55 -6 4.3 -8.4
EYLD Cambria Emerging Shareholder Yield ETF 8.6 66 -17 13.1 +0.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.5 70 -21 9.3 -3.4
GVAL Cambria Global Value ETF 8.4 68 -19 12.9 +0.2
VIDI Vident International Equity Strategy ETF 8.4 61 -12 11.9 -0.8
IQDE FlexShares International Quality Dividend Defensive Index ET 8.4 47 2 8.2 -4.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.2 67 -18 17.6 +4.9
WRND IQ Global Equity R&D Leaders ETF 8.0 18 31 7.1 -5.6
KNCT Invesco Next Gen Connectivity ETF 8.0 40 9 5.7 -7.0
EMM Global X Emerging Markets ex-China ETF 7.8 75 -26 3.8 -8.9
CHIQ Global X MSCI China Consumer Discretionary ETF 7.6 65 -16 6.0 -6.7
IWTR iShares MSCI Water Management Multisector ETF 7.0 47 2 4.9 -7.8
CLNR IQ Cleaner Transport ETF 6.9 45 4 6.3 -6.4
DSTX Distillate International Fundamental Stability & Value ETF 6.8 55 -6 8.6 -4.1
CGRO CoreValues Alpha Greater China Growth ETF 6.7 75 -26 0.0 -12.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.7 65 -16 8.3 -4.4
FILL iShares MSCI Global Energy Producers ETF 6.7 39 10 10.0 -2.7
FBOT Fidelity Disruptive Automation ETF 6.5 50 -1 3.8 -8.9
MOTI VanEck Morningstar International Moat ETF 6.5 58 -9 6.2 -6.5
PICK iShares MSCI Global Metals & Mining Producers ETF 6.4 39 10 12.7 +0.1
IXN iShares Global Tech ETF 6.3 41 8 4.3 -8.4
CGXU Capital Group International Focus Equity ETF 6.3 54 -5 5.1 -7.6
ACWI iShares MSCI ACWI ETF 6.2 32 17 5.5 -7.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.0 49 0 18.2 +5.5
EMFQ Amplify Emerging Markets FinTech ETF 5.9 69 -20 5.7 -7.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.5 20 29 5.3 -7.4
VT Vanguard Total World Stock ETF 5.3 7 42 5.8 -6.9
NXTG First Trust Indxx NextG ETF 5.3 70 -21 5.9 -6.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.0 46 3 9.3 -3.4
SCHY Schwab International Dividend Equity ETF 4.8 14 35 8.9 -3.8
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 4.8 68 -19 8.3 -4.4
CQQQ Invesco China Technology ETF 4.8 70 -21 -6.9 -19.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -11 12.7 -0.0
GLOF iShares Global Equity Factor ETF 4.6 20 29 7.2 -5.5
RXI iShares Global Consumer Discretionary ETF 4.4 41 8 5.8 -6.9
MOTG VanEck Morningstar Global Wide Moat ETF 4.4 52 -3 5.7 -7.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.4 60 -11 9.7 -3.0
DGT SPDR Global Dow ETF 4.3 50 -1 6.6 -6.1
ARVR First Trust Indxx Metaverse ETF 4.3 70 -21 1.7 -11.0
NTZG Nuveen Global Net Zero Transition ETF 4.3 56 -7 4.8 -7.9
IXP iShares Global Comm Services ETF 4.3 42 7 5.4 -7.3
AGQI First Trust Active Global Quality Income ETF 4.3 85 -36 5.4 -7.3
NDIA Global X India Active ETF 4.3 75 -26 6.4 -6.3
ANEW ProShares MSCI Transformational Changes ETF 4.2 45 4 3.6 -9.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.1 12 37 4.8 -7.9
METV Roundhill Ball Metaverse ETF 4.1 59 -10 3.4 -9.3
XT iShares Exponential Technologies ETF 4.0 46 3 4.7 -8.0
IGRO iShares International Dividend Growth ETF 4.0 15 34 7.1 -5.6
AIQ Global X Artificial Intelligence & Technology ETF 3.9 68 -19 4.0 -8.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.6 47 2 1.9 -10.8
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -40 4.9 -7.8
ASEA Global X FTSE Southeast Asia ETF 3.5 65 -16 6.3 -6.4
IVRS iShares Future Metaverse Tech and Communications ETF 3.5 47 2 -3.9 -16.6
FMET Fidelity Metaverse ETF 3.5 39 10 5.1 -7.6
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 -30 9.9 -2.8
BNGE First Trust S-Network Streaming and Gaming ETF 3.3 70 -21 -2.1 -14.8
SOCL Global X Social Media ETF 3.3 65 -16 -6.1 -18.8
VIGI Vanguard International Dividend Appreciation ETF 3.2 15 34 5.7 -7.0
EZA iShares MSCI South Africa ETF 3.2 58 -9 10.5 -2.2
ESPO VanEck Video Gaming and eSports ETF 3.2 56 -7 4.2 -8.5
MRAD SmartETFs Advertising & Marketing Technology ETF 3.1 68 -19 5.7 -7.0
ODDS Pacer BlueStar Digital Entertainment ETF 3.1 60 -11 2.3 -10.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.1 75 -26 3.1 -9.6
IBUY Amplify Online Retail ETF 3.0 65 -16 1.5 -11.2
IXG iShares Global Financials ETF 3.0 42 7 6.6 -6.1
ILF iShares Latin America 40 ETF 3.0 48 1 11.3 -1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.9 9 40 5.7 -7.0
WWJD Inspire International ETF 2.9 80 -31 6.9 -5.8
IWFH iShares Virtual Work and Life Multisector ETF 2.8 47 2 -4.2 -16.9
DINT Davis Select International ETF 2.7 55 -6 6.2 -6.5
DWLD Davis Select Worldwide ETF 2.7 63 -14 7.0 -5.7
FLSA Franklin FTSE Saudi Arabia ETF 2.6 39 10 5.7 -7.0
KSA iShares MSCI Saudi Arabia ETF 2.6 74 -25 5.7 -7.0
THD iShares MSCI Thailand ETF 2.6 58 -9 6.1 -6.6
AFK VanEck Africa Index ETF 2.6 98 -49 8.8 -3.9
BLES Inspire Global Hope ETF 2.5 61 -12 6.4 -6.3
INDF Nifty India Financials ETF 2.4 75 -26 5.3 -7.4
IPKW Invesco International BuyBack Achievers ETF 2.2 55 -6 9.5 -3.2
TUR iShares MSCI Turkey ETF 2.1 58 -9 17.4 +4.7
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -11 9.4 -3.3
OGIG ALPS O'Shares Global Internet Giants ETF 2.1 48 1 0.6 -12.1
GGME Invesco Next Gen Media and Gaming ETF 2.0 60 -11 3.9 -8.8
JGLO JPMorgan Global Select Equity ETF 2.0 33 16 4.5 -8.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.0 45 4 5.8 -6.9
EWW iShares MSCI Mexico ETF 1.9 50 -1 11.7 -1.0
TTAI FCF International Quality ETF 1.9 59 -10 6.6 -6.1
GLIN VanEck India Growth Leaders ETF 1.9 77 -28 5.7 -7.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.9 65 -16 9.0 -3.7
CNYA iShares MSCI China A ETF 1.9 60 -11 8.9 -3.8
FLMX Franklin FTSE Mexico ETF 1.8 19 30 13.7 +1.0
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -26 5.4 -7.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.8 70 -21 7.2 -5.5
FDCF Fidelity Disruptive Communications ETF 1.7 50 -1 2.7 -10.0
FTRI First Trust Indxx Global Natural Resources Income ETF 1.7 70 -21 10.0 -2.7
QINT American Century Quality Diversified International ETF 1.7 39 10 7.7 -5.0
WUGI AXS Esoterica NextG Economy ETF 1.7 75 -26 2.8 -9.9
WDIV SPDR S&P Global Dividend ETF 1.6 40 9 9.6 -3.1
UMMA Wahed Dow Jones Islamic World ETF 1.6 65 -16 4.6 -8.1
CGV Conductor Global Equity Value ETF 1.5 130 -81 10.5 -2.2
ISHP First Trust Nasdaq Retail ETF 1.5 60 -11 3.2 -9.5
MVPS Amplify Thematic All-Stars ETF 1.5 49 0 3.1 -9.6
QTUM Defiance Quantum ETF 1.4 40 9 4.4 -8.3
BWEB Bitwise Web3 ETF 1.4 85 -36 0.9 -11.8
SUPL ProShares Supply Chain Logistics ETF 1.4 58 -9 14.1 +1.5
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -3 2.7 -10.0
IDAT iShares Future Cloud 5G and Tech ETF 1.3 47 2 4.4 -8.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -12 2.7 -10.0
BUYZ Franklin Disruptive Commerce ETF 1.2 50 -1 2.2 -10.5
IXC iShares Global Energy ETF 1.2 44 5 9.1 -3.6
HJEN Direxion Hydrogen ETF 1.2 45 4 -6.7 -19.4
EIDO iShares MSCI Indonesia ETF 1.2 59 -10 7.1 -5.6
DGIN VanEck Digital India ETF 1.2 71 -22 1.3 -11.4
IDX VanEck Indonesia Index ETF 1.2 57 -8 8.3 -4.4
RAYC Rayliant Quantamental China Equity ETF 1.2 80 -31 8.9 -3.8
SDIV Global X Superdividend ETF 1.2 58 -9 15.0 +2.3
AFTY Pacer CSOP FTSE China A50 ETF 1.1 70 -21 9.6 -3.1
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.1 55 -6 8.9 -3.8
DWX SPDR S&P International Dividend ETF 1.1 45 4 6.6 -6.1
BRAZ Global X Brazil Active ETF 1.1 75 -26 10.2 -2.5
SNSR Global X Internet of Things ETF 1.1 68 -19 4.3 -8.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.1 45 4 3.2 -9.5
IOO iShares Global 100 ETF 1.0 41 8 4.9 -7.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 37 8.0 -4.7
OND ProShares On-Demand ETF 1.0 58 -9 -2.2 -14.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.0 58 -9 9.9 -2.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 0 5.6 -7.1
IGPT Invesco AI and Next Gen Software ETF 0.9 60 -11 4.3 -8.4
HAP VanEck Natural Resources ETF 0.9 50 -1 10.0 -2.7
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 -9 13.0 +0.3
CGGO Capital Group Global Growth Equity ETF 0.8 47 2 4.8 -7.9
SMOG VanEck Low Carbon Energy ETF 0.8 61 -12 2.7 -10.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 39 7.6 -5.1
KXI iShares Global Consumer Staples ETF 0.8 41 8 5.5 -7.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -16 1.3 -11.4
FPXI First Trust International Equity Opportunities ETF 0.8 70 -21 4.0 -8.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 4 -0.5 -13.1
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.8 65 -16 4.8 -7.9
CGUS Capital Group Core Equity ETF 0.7 33 16 4.6 -8.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.7 75 -26 5.0 -7.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 -12 -1.0 -13.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -16 7.1 -5.6
PGJ Invesco Golden Dragon China ETF 0.7 70 -21 5.4 -7.3
DMAT Global X Disruptive Materials ETF 0.7 59 -10 12.1 -0.6
DFNL Davis Select Financial ETF 0.7 63 -14 7.2 -5.5
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -11 4.6 -8.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 13.4 +0.7
GMET VanEck Green Metals ETF 0.7 63 -14 10.6 -2.1
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 -30 6.5 -6.2
OCEN IQ Clean Oceans ETF 0.6 45 4 5.6 -7.1
EWM iShares MSCI Malaysia ETF 0.6 50 -1 5.4 -7.3
MXI iShares Global Materials ETF 0.6 41 8 6.8 -5.9
ICLN iShares Global Clean Energy ETF 0.5 41 8 4.8 -7.9
APIE ActivePassive International Equity ETF 0.5 45 4 7.6 -5.1
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 9.5 -3.2
BNE Blue Horizon BNE ETF 0.5 87 -38 5.2 -7.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -21 2.9 -9.8
MOTO SmartETFs Smart Transportation & Technology ETF 0.5 68 -19 7.1 -5.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.5 85 -36 8.7 -4.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 3 5.4 -7.3
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -21 9.2 -3.5
KURE KraneShares MSCI All China Health Care Index ETF 0.5 65 -16 4.9 -7.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -9 4.7 -8.0
GSFP Goldman Sachs Future Planet Equity ETF 0.5 75 -26 4.5 -8.2
CTEC Global X CleanTech ETF 0.4 50 -1 2.5 -10.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 5.7 -7.0
IGF iShares Global Infrastructure ETF 0.4 41 8 4.8 -7.9
GII SPDR S&P Global Infrastructure ETF 0.4 40 9 4.8 -7.9
TAN Invesco Solar ETF 0.4 67 -18 3.2 -9.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 42 6.4 -6.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 -10 8.2 -4.5
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -46 3.3 -9.4
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.2 -9.5
RING iShares MSCI Global Gold Miners ETF 0.4 39 10 5.6 -7.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -23 0.1 -12.6
COPX Global X Copper Miners ETF 0.4 65 -16 8.0 -4.7
JRNY ALPS Global Travel Beneficiaries ETF 0.4 65 -16 -1.2 -13.9
INCO Columbia India Consumer ETF 0.3 75 -26 1.5 -11.2
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -10 0.6 -12.1
EBIZ Global X E-Commerce ETF 0.3 50 -1 1.2 -11.5
ECH iShares MSCI Chile ETF 0.3 58 -9 9.6 -3.1
BOAT SonicShares Global Shipping ETF 0.3 69 -20 31.0 +18.3
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 -11 17.7 +5.0
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -10 14.5 +1.9
PBD Invesco Global Clean Energy ETF 0.3 75 -26 -7.0 -19.7
URA Global X Uranium ETF 0.3 69 -20 3.2 -9.5
CRAK VanEck Oil Refiners ETF 0.3 61 -12 13.9 +1.2
BTEK Future Tech ETF 0.3 88 -39 2.3 -10.4
FRNW Fidelity Clean Energy ETF 0.3 39 10 3.7 -9.0
FPAG FPA Global Equity ETF 0.3 49 0 5.5 -7.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 29 1.1 -11.6
CGGR Capital Group Growth ETF 0.3 39 10 3.6 -9.1
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.5 -4.2
OSEA Harbor International Compounders ETF 0.3 55 -6 3.9 -8.8
MOO VanEck Agribusiness ETF 0.3 53 -4 9.6 -3.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.3 39 10 -2.7 -15.4
IDRV iShares Self-driving EV & Tech ETF 0.3 47 2 -0.4 -13.1
LIT Global X Lithium & Battery Tech ETF 0.3 75 -26 14.0 +1.3
LNGG Roundhill Alerian LNG ETF 0.3 65 -16 8.5 -4.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 2 8.0 -4.7
CUT Invesco MSCI Global Timber ETF 0.3 61 -12 8.2 -4.5
WOOD iShares Global Timber & Forestry ETF 0.3 42 7 9.4 -3.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -19 5.7 -7.0
JXI iShares Global Utilities ETF 0.2 43 6 6.3 -6.4
RNRG Global X Renewable Energy Producers ETF 0.2 66 -17 4.6 -8.1
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 4 2.4 -10.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 14 2.5 -10.2
JETS U.S. Global Jets ETF 0.2 60 -11 -15.6 -28.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 28 4.0 -8.7
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 -1 2.7 -10.0
GDVD R3 Global Dividend Growth ETF 0.2 88 -39 5.6 -7.1
GDX VanEck Gold Miners ETF 0.2 51 -2 4.5 -8.2
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -10 2.8 -9.9
ONLN ProShares Online Retail ETF 0.2 58 -9 3.6 -9.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.2 58 -9 5.0 -7.7
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 29 4.8 -7.9
QQQ Invesco QQQ Trust Series I 0.2 20 29 4.7 -8.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.2 35 14 5.1 -7.6
QQQM Invesco NASDAQ 100 ETF 0.2 15 34 4.8 -7.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.2 57 -8 4.2 -8.5
XNTK SPDR NYSE Technology ETF 0.2 35 14 4.1 -8.6
TRFM AAM Transformers ETF 0.2 49 0 1.5 -11.2
FDTX Fidelity Disruptive Technology ETF 0.2 50 -1 3.0 -9.7
BPAY BlackRock Future Financial and Technology ETF 0.2 70 -21 8.9 -3.8
REET iShares Global REIT ETF 0.2 14 35 6.6 -6.1
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.3 -6.4
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -10 6.6 -6.1
DFGR Dimensional Global Real Estate ETF 0.2 22 27 6.5 -6.2
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 2.6 -10.1
AQWA Global X Clean Water ETF 0.2 50 -1 4.1 -8.6
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -17 -11.5 -24.2
CRUZ Defiance Hotel Airline and Cruise ETF 0.1 45 4 -5.1 -17.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -37 1.6 -11.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.7 -6.0
IQSI IQ Candriam International Equity ETF 0.1 15 34 6.4 -6.3
RAYS Global X Solar ETF 0.1 51 -2 7.1 -5.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -30 4.9 -7.8
PTEC Global X PropTech ETF 0.1 50 -1 1.6 -11.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 2.0 -10.7
WTRE WisdomTree New Economy Real Estate Fund 0.1 58 -9 4.8 -7.9
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.9 -5.8
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 5.5 -7.2
BRF VanEck Brazil Small-Cap ETF 0.1 66 -17 7.6 -5.1
LUX Tema Luxury ETF 0.1 75 -26 3.9 -8.8
CVY Invesco Zacks Multi-Asset Income ETF 0.1 106 -57 11.4 -1.3
EXI iShares Global Industrials ETF 0.1 42 7 4.9 -7.8
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -61 5.9 -6.8
CGW Invesco S&P Global Water Index ETF 0.1 57 -8 3.7 -9.0
PIO Invesco Global Water ETF 0.1 75 -26 5.8 -6.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 2 4.9 -7.8
INQQ India Internet & Ecommerce ETF 0.1 86 -37 2.6 -10.1
SRET Global X SuperDividend REIT ETF 0.1 59 -10 9.5 -3.2
UIVM VictoryShares International Value Momentum ETF 0.1 35 14 10.5 -2.2
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 20 6.2 -6.5
FIXT Procure Disaster Recovery Strategy ETF 0.1 75 -26 5.9 -6.8
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -1 11.5 -1.2
AVRE Avantis Real Estate ETF 0.1 17 32 6.1 -6.6
ARKF ARK Fintech Innovation ETF 0.1 75 -26 -0.3 -13.0
SMIN iShares MSCI India Small Cap ETF 0.1 79 -30 3.6 -9.1
BLDG Cambria Global Real Estate ETF 0.1 60 -11 9.5 -3.2
BINV Brandes International ETF 0.1 70 -21 8.2 -4.5
DTEC ALPS Disruptive Technologies ETF 0.1 50 -1 3.2 -9.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 30 5.7 -7.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.1 70 -21 12.8 +0.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -31 9.4 -3.3
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 29 -8.8 -21.5
EBLU Ecofin Global Water ESG Fund 0.1 40 9 3.9 -8.8
IPOS Renaissance International IPO ETF 0.0 80 -31 -0.6 -13.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 46 6.8 -5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.7 -5.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.6 -5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.2 -7.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 24 9.3 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 7.2 -5.5
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -26 5.7 -7.0

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 12.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 12.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.48
 
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.