Invesco FTSE RAFI Emerging Markets ETF
ALTAR
Score™		 12.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.0x P/Sales
ratio		 0.8x
P/BV
ratio		 1.1x Div.
yield		 3.7%


  • 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) $1,215
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 343
Wgt avg mkt cap (mns) $135,292
Large cap (>$10bn) 80.9%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 1.1%
Developed mkts 4.9%
Emerging mkts 95.1%

TOP TEN HOLDINGS
INVESCO GOVERNMENT & AGENCY PORTFO 6.8 %
TAIWAN SEMICONDUCTOR MANUFAC 6.5 %
ALIBABA GROUP HOLDING LTD. 4.5 %
TENCENT HOLDINGS LTD 3.3 %
IND & COMM BK OF CHINA - H 2.7 %
CHINA CONSTRUCTION BANK-H 2.5 %
PING AN INSURANCE GROUP CO-H 2.4 %
RELIANCE INDUSTRIES LTD 2.3 %
PETROBRAS - PETROLEO BRAS-PR 2.1 %
VALE SA 1.9 %
Total 34.9 %

TOP COUNTRY EXPOSURE
CHINA 35.7 %
TAIWAN 18.5 %
INDIA 13.1 %
BRAZIL 11.4 %
SOUTH AFRICA 3.4 %
THAILAND 2.9 %
SAUDI ARABIA 2.5 %
HONG KONG 2.3 %
TURKEY 1.6 %
MEXICO 1.6 %

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.
15.5% 29.1% 5.4% 4.5% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.62 38%
MSCI EAFE 0.75 58%
MSCI Emg. Mkts. 0.95 90%

Technical Indicators
Recent close $20.85
30d moving avg. $21.89
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 161
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $21,576

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 419 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™: 12.2%


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 70.3 39 10 12.5 +0.2
SCHE Schwab Emerging Markets Equity ETF 51.2 11 38 7.1 -5.1
EEM iShares MSCI Emerging Markets ETF 50.9 69 -20 6.9 -5.4
JHEM John Hancock Multifactor Emerging Markets ETF 49.6 49 0 8.2 -4.1
VWO Vanguard FTSE Emerging Markets ETF 48.7 8 41 6.9 -5.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 47.8 30 19 7.3 -5.0
IEMG iShares Core MSCI Emerging Markets ETF 47.2 9 40 7.5 -4.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 46.8 66 -17 10.0 -2.3
EEMA iShares MSCI Emerging Markets Asia ETF 46.7 49 0 6.5 -5.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 46.3 15 34 7.2 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 45.8 11 38 8.4 -3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 45.5 36 13 7.8 -4.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 44.7 70 -21 6.2 -6.1
DFAE Dimensional Emerging Core Equity Market ETF 44.2 35 14 7.3 -4.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 43.8 45 4 11.0 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 43.2 17 32 7.6 -4.6
SPEM SPDR Portfolio Emerging Markets ETF 42.8 7 42 7.3 -4.9
BKF iShares MSCI BIC ETF 42.5 69 -20 6.9 -5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 42.2 15 34 10.2 -2.0
EMGF iShares Emerging Markets Equity Factor ETF 42.2 25 24 8.5 -3.8
ECON Columbia Emerging Markets Consumer ETF 40.4 49 0 7.3 -4.9
FLAX Franklin FTSE Asia Ex Japan ETF 40.3 19 30 6.9 -5.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 40.2 35 14 12.4 +0.2
ESGE iShares ESG Aware MSCI EM ETF 40.0 25 24 7.1 -5.1
EMXC iShares MSCI Emerging Markets ex China ETF 39.9 25 24 6.7 -5.6
XCNY SPDR S&P Emerging Markets ex-China ETF 39.2 15 34 6.3 -6.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 38.5 50 -1 13.0 +0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 38.3 20 29 6.8 -5.5
EMXF iShares ESG Advanced MSCI EM ETF 38.1 16 33 6.8 -5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 37.6 38 11 7.8 -4.4
GMF SPDR S&P Emerging Asia Pacific ETF 37.4 49 0 6.1 -6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 37.2 59 -10 11.3 -1.0
STXE Strive Emerging Markets Ex-China ETF 37.0 32 17 7.0 -5.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 35.7 32 17 6.2 -6.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 35.1 33 16 8.2 -4.0
DFEV Dimensional Emerging Markets Value ETF 34.9 43 6 11.1 -1.2
EQLT iShares MSCI Emerging Markets Quality Factor ETF 34.4 35 14 7.4 -4.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 33.9 30 19 8.1 -4.1
MCHI iShares MSCI China ETF 33.8 59 -10 8.4 -3.9
FLCH Franklin FTSE China ETF 33.7 19 30 8.8 -3.4
ROAM Hartford Multifactor Emerging Markets ETF 33.4 44 5 15.8 +3.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.2 24 25 9.2 -3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 32.7 41 8 7.4 -4.8
AIA iShares Asia 50 ETF 32.2 50 -1 6.6 -5.6
GXC SPDR S&P China ETF 31.6 59 -10 8.3 -3.9
XCEM Columbia EM Core ex-China ETF 30.8 16 33 7.7 -4.5
FXI iShares China Large-Cap ETF 30.6 74 -25 8.2 -4.1
KALL KraneShares MSCI All China Index ETF 30.6 49 0 9.0 -3.2
AVEM Avantis Emerging Markets Equity ETF 29.2 33 16 8.9 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 28.8 36 13 6.5 -5.8
XC WisdomTree Emerging Markets Ex-China Fund 28.3 32 17 6.0 -6.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 28.0 75 -26 8.2 -4.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 27.5 18 31 6.8 -5.4
DEHP Dimensional Emerging Markets High Profitability ETF 27.1 41 8 5.0 -7.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.5 44 5 10.6 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 25.8 63 -14 18.9 +6.6
RNEM First Trust Emerging Markets Equity Select ETF 25.3 75 -26 7.6 -4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.2 40 9 8.3 -4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.1 95 -46 10.5 -1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 24.1 32 17 6.9 -5.4
FDEM Fidelity Emerging Markets Multifactor ETF 24.1 25 24 12.3 +0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 23.2 48 1 8.8 -3.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 22.2 45 4 12.3 +0.1
MEM Matthews Emerging Markets Equity Active ETF 21.9 79 -30 5.4 -6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 21.1 29 20 5.5 -6.7
FEM First Trust Emerging Markets AlphaDEX Fund 20.3 80 -31 13.0 +0.8
AVES Avantis Emerging Markets Value ETF 20.0 36 13 11.6 -0.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 19.8 88 -39 7.4 -4.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 19.7 25 24 6.6 -5.6
MCH Matthews China Active ETF 19.0 79 -30 5.4 -6.9
MINV Matthews Asia Innovators Active ETF 18.7 79 -30 3.0 -9.3
JCHI JPMorgan Active China ETF 18.7 65 -16 8.0 -4.3
DVYE iShares Emerging Markets Dividend ETF 18.7 49 0 18.8 +6.5
ACWX iShares MSCI ACWI ex U.S. ETF 18.3 34 15 7.0 -5.3
EWT iShares MSCI Taiwan ETF 18.0 58 -9 5.7 -6.6
FLTW Franklin FTSE Taiwan ETF 17.9 19 30 5.9 -6.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 17.3 32 17 6.1 -6.2
VEU Vanguard FTSE All-World ex-US Index Fund 16.6 8 41 7.3 -5.0
FTHF First Trust Emerging Markets Human Flourishing ETF 16.5 75 -26 8.9 -3.4
IXUS iShares Core MSCI Total International Stock ETF 15.9 7 42 7.2 -5.1
VXUS Vanguard Total International Stock ETF 15.9 7 42 7.2 -5.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.8 18 31 7.0 -5.2
VSGX Vanguard ESG International Stock ETF 15.5 12 37 6.8 -5.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 41 8 7.4 -4.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.1 60 -11 0.5 -11.8
PATN Pacer Nasdaq International Patent Leaders ETF 14.6 65 -16 6.5 -5.8
VYMI Vanguard International High Dividend Yield ETF 14.5 22 27 9.8 -2.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.0 42 7 8.1 -4.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.2 29 20 8.7 -3.5
INDA iShares MSCI India ETF 13.0 65 -16 4.4 -7.9
KTEC KraneShares Hang Seng TECH Index ETF 12.9 69 -20 -3.6 -15.9
FLLA Franklin FTSE Latin America ETF 12.6 19 30 13.2 +0.9
PIN Invesco India ETF 12.5 78 -29 4.5 -7.8
CWI SPDR MSCI ACWI ex-US ETF 12.3 30 19 6.9 -5.3
KWEB KraneShares CSI China Internet ETF 12.2 69 -20 -1.4 -13.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 12.2 86 -37 1.6 -10.6
EMC Global X Emerging Markets Great Consumer ETF 12.0 75 -26 4.5 -7.7
TCHI iShares MSCI China Multisector Tech ETF 11.9 59 -10 1.9 -10.4
RODE Hartford Multifactor Diversified International ETF 11.8 29 20 11.8 -0.5
FDNI First Trust Dow Jones International Internet ETF 11.6 65 -16 2.1 -10.1
IQDF FlexShares International Quality Dividend Index Fund 11.4 47 2 12.9 +0.6
ACWV iShares MSCI Global Min Vol Factor ETF 11.0 20 29 6.3 -5.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.0 47 2 9.4 -2.9
EWZ iShares MSCI Brazil ETF 10.8 58 -9 10.4 -1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 10.8 30 19 8.0 -4.3
INDY iShares India 50 ETF 10.8 89 -40 4.6 -7.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 10.8 80 -31 6.3 -6.0
FLBR Franklin FTSE Brazil ETF 10.7 19 30 13.2 +0.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 10.7 78 -29 9.0 -3.3
FLIN Franklin FTSE India ETF 10.6 19 30 4.7 -7.6
EDIV SPDR S&P Emerging Markets Dividend ETF 10.4 49 0 12.0 -0.2
EPI WisdomTree India Earnings Fund 9.8 85 -36 6.1 -6.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.6 67 -18 15.0 +2.8
GBUY Goldman Sachs Future Consumer Equity ETF 9.4 75 -26 3.3 -8.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.4 90 -41 6.1 -6.1
EYLD Cambria Emerging Shareholder Yield ETF 9.2 66 -17 13.2 +0.9
JIG JPMorgan International Growth ETF 9.0 55 -6 4.6 -7.6
KNCT Invesco Next Gen Connectivity ETF 9.0 40 9 5.6 -6.7
CHIQ Global X MSCI China Consumer Discretionary ETF 8.9 65 -16 5.9 -6.4
FLN First Trust Latin America AlphaDEX Fund 8.9 80 -31 8.4 -3.8
FCA First Trust China AlphaDEX Fund 8.9 80 -31 16.2 +3.9
DEW WisdomTree Global High Dividend Fund 8.9 58 -9 8.5 -3.7
FRDM Freedom 100 Emerging Markets ETF 8.8 49 0 7.3 -5.0
CHAT Roundhill Generative AI & Technology ETF 8.6 75 -26 3.8 -8.4
GVAL Cambria Global Value ETF 8.5 68 -19 13.1 +0.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.4 70 -21 9.2 -3.1
FBZ First Trust Brazil AlphaDEX Fund 8.4 80 -31 13.3 +1.1
IQDE FlexShares International Quality Dividend Defensive Index ET 8.2 47 2 14.8 +2.6
CGRO CoreValues Alpha Greater China Growth ETF 7.9 75 -26 2.0 -10.3
DSTX Distillate International Fundamental Stability & Value ETF 7.7 55 -6 8.0 -4.3
FILL iShares MSCI Global Energy Producers ETF 7.3 39 10 9.6 -2.6
IWTR iShares MSCI Water Management Multisector ETF 7.2 47 2 5.0 -7.2
VIDI Vident International Equity Strategy ETF 7.2 61 -12 10.2 -2.0
EMM Global X Emerging Markets ex-China ETF 7.1 75 -26 4.2 -8.0
WRND IQ Global Equity R&D Leaders ETF 6.9 18 31 7.5 -4.7
IVES Wedbush ETFMG Global Cloud Technology ETF 6.9 68 -19 5.8 -6.5
AIVC Amplify Bloomberg AI Value Chain ETF 6.8 59 -10 5.8 -6.4
FBOT Fidelity Disruptive Automation ETF 6.8 50 -1 3.6 -8.6
IXN iShares Global Tech ETF 6.6 41 8 4.5 -7.8
KLMT Invesco MSCI Global Climate 500 ETF 6.4 10 39 5.4 -6.8
EMFQ Amplify Emerging Markets FinTech ETF 6.4 69 -20 5.3 -7.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.4 65 -16 8.2 -4.1
ACWI iShares MSCI ACWI ETF 6.3 32 17 5.3 -7.0
BIGFX Baron International Growth Retail 5.9 75 -26 3.1 -9.1
CGXU Capital Group International Focus Equity ETF 5.9 54 -5 4.9 -7.4
PICK iShares MSCI Global Metals & Mining Producers ETF 5.8 39 10 12.8 +0.6
MOTI VanEck Morningstar International Moat ETF 5.7 58 -9 5.9 -6.4
RXI iShares Global Consumer Discretionary ETF 5.5 41 8 5.4 -6.9
NXTG First Trust Indxx NextG ETF 5.5 70 -21 6.2 -6.0
GSIB Themes Global Systemically Important Banks ETF 5.5 35 14 13.4 +1.2
MOTG VanEck Morningstar Global Wide Moat ETF 5.5 52 -3 5.6 -6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.5 20 29 5.2 -7.1
VT Vanguard Total World Stock ETF 5.4 7 42 5.5 -6.7
AGQI First Trust Active Global Quality Income ETF 5.3 85 -36 5.9 -6.4
CQQQ Invesco China Technology ETF 5.2 70 -21 -7.9 -20.2
CLNR IQ Cleaner Transport ETF 5.1 45 4 6.8 -5.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.0 68 -19 8.2 -4.0
SCHY Schwab International Dividend Equity ETF 5.0 14 35 9.3 -2.9
GLOF iShares Global Equity Factor ETF 4.7 20 29 7.0 -5.2
IGRO iShares International Dividend Growth ETF 4.6 15 34 7.5 -4.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.6 46 3 9.3 -2.9
BTECX Baron Technology 4.6 75 -26 2.4 -9.9
DGT SPDR Global Dow ETF 4.5 50 -1 6.8 -5.5
IXP iShares Global Comm Services ETF 4.4 42 7 5.1 -7.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 -11 13.4 +1.2
BDAIX Baron Durable Advantage 4.4 75 -26 3.7 -8.5
ANEW ProShares MSCI Transformational Changes ETF 4.4 45 4 3.6 -8.7
ARVR First Trust Indxx Metaverse ETF 4.4 70 -21 0.8 -11.4
EEMD AAM S&P Emerging Markets High Dividend Value ETF 4.4 49 0 16.1 +3.9
VIGI Vanguard International Dividend Appreciation ETF 4.3 15 34 6.4 -5.8
NTZG Nuveen Global Net Zero Transition ETF 4.3 56 -7 4.7 -7.5
IPKW Invesco International BuyBack Achievers ETF 4.3 55 -6 11.0 -1.2
AIQ Global X Artificial Intelligence & Technology ETF 4.2 68 -19 4.0 -8.3
METV Roundhill Ball Metaverse ETF 4.1 59 -10 3.4 -8.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 -11 9.8 -2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.0 12 37 4.8 -7.5
NDIA Global X India Active ETF 4.0 75 -26 7.2 -5.0
XT iShares Exponential Technologies ETF 3.9 46 3 4.8 -7.5
IVRS iShares Future Metaverse Tech and Communications ETF 3.7 47 2 -4.9 -17.1
FMET Fidelity Metaverse ETF 3.6 39 10 5.4 -6.8
ASEA Global X FTSE Southeast Asia ETF 3.6 65 -16 6.3 -5.9
DINT Davis Select International ETF 3.5 55 -6 6.0 -6.2
DWLD Davis Select Worldwide ETF 3.5 63 -14 6.7 -5.5
BNGE First Trust S-Network Streaming and Gaming ETF 3.5 70 -21 -3.5 -15.7
SOCL Global X Social Media ETF 3.5 65 -16 -6.4 -18.6
JSTC Adasina Social Justice All Cap Global ETF 3.4 89 -40 4.9 -7.3
ESPO VanEck Video Gaming and eSports ETF 3.4 56 -7 3.5 -8.7
ODDS Pacer BlueStar Digital Entertainment ETF 3.4 60 -11 2.3 -10.0
MRAD SmartETFs Advertising & Marketing Technology ETF 3.3 68 -19 5.5 -6.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.2 79 -30 10.3 -2.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.2 75 -26 2.9 -9.4
EZA iShares MSCI South Africa ETF 3.2 58 -9 10.3 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.0 9 40 5.4 -6.9
IBUY Amplify Online Retail ETF 3.0 65 -16 1.4 -10.9
WWJD Inspire International ETF 2.9 80 -31 7.3 -5.0
IXG iShares Global Financials ETF 2.9 42 7 6.2 -6.1
ARTY iShares Future AI & Tech ETF 2.7 47 2 3.8 -8.5
THD iShares MSCI Thailand ETF 2.7 58 -9 6.1 -6.1
AFK VanEck Africa Index ETF 2.7 98 -49 9.1 -3.2
BLES Inspire Global Hope ETF 2.7 61 -12 6.4 -5.8
IBLC iShares Blockchain and Tech ETF 2.6 47 2 -1.7 -13.9
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 -11 9.0 -3.3
FLSA Franklin FTSE Saudi Arabia ETF 2.5 39 10 5.7 -6.5
KSA iShares MSCI Saudi Arabia ETF 2.5 74 -25 5.6 -6.7
GGME Invesco Next Gen Media and Gaming ETF 2.4 60 -11 3.5 -8.7
ILF iShares Latin America 40 ETF 2.4 48 1 10.4 -1.8
INDF Nifty India Financials ETF 2.3 75 -26 5.3 -7.0
SDIV Global X Superdividend ETF 2.2 58 -9 14.9 +2.7
ICOP iShares Copper and Metals Mining ETF 2.1 47 2 10.1 -2.1
KOCG FIS Knights of Columbus Global Belief ETF 2.1 75 -26 5.0 -7.2
UMMA Wahed Dow Jones Islamic World ETF 2.0 65 -16 4.6 -7.7
WUGI AXS Esoterica NextG Economy ETF 2.0 75 -26 2.5 -9.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.9 65 -16 7.9 -4.3
CNYA iShares MSCI China A ETF 1.9 60 -11 8.0 -4.3
WDIV SPDR S&P Global Dividend ETF 1.9 40 9 9.4 -2.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.9 45 4 5.7 -6.6
IPAV Global X Infrastructure Development ex-U.S. ETF 1.8 55 -6 9.7 -2.6
ISHP First Trust Nasdaq Retail ETF 1.8 60 -11 2.9 -9.4
OGIG ALPS O'Shares Global Internet Giants ETF 1.8 48 1 1.9 -10.3
JGLO JPMorgan Global Select Equity ETF 1.8 33 16 4.5 -7.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.7 70 -21 7.7 -4.5
FDCF Fidelity Disruptive Communications ETF 1.7 50 -1 2.6 -9.7
SUPL ProShares Supply Chain Logistics ETF 1.7 58 -9 14.2 +2.0
TUR iShares MSCI Turkey ETF 1.6 58 -9 19.7 +7.4
CGV Conductor Global Equity Value ETF 1.6 130 -81 10.9 -1.4
EWW iShares MSCI Mexico ETF 1.6 50 -1 13.2 +0.9
QINT American Century Quality Diversified International ETF 1.5 39 10 7.7 -4.5
BIOPX Baron Opportunity Retail 1.5 75 -26 1.0 -11.2
QTUM Defiance Quantum ETF 1.5 40 9 3.6 -8.7
GLIN VanEck India Growth Leaders ETF 1.5 77 -28 5.7 -6.6
FLMX Franklin FTSE Mexico ETF 1.5 19 30 16.2 +4.0
BWEB Bitwise Web3 ETF 1.4 85 -36 0.7 -11.5
TTAI FCF International Quality ETF 1.3 59 -10 5.6 -6.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -12 1.2 -11.0
OND ProShares On-Demand ETF 1.2 58 -9 -2.2 -14.4
MVPS Amplify Thematic All-Stars ETF 1.2 49 0 2.7 -9.6
IDAT iShares Future Cloud 5G and Tech ETF 1.2 47 2 4.3 -8.0
BUYZ Franklin Disruptive Commerce ETF 1.2 50 -1 1.8 -10.4
IDX VanEck Indonesia Index ETF 1.2 57 -8 8.8 -3.5
BRAZ Global X Brazil Active ETF 1.2 75 -26 10.1 -2.1
DGIN VanEck Digital India ETF 1.2 71 -22 0.1 -12.1
AFTY Pacer CSOP FTSE China A50 ETF 1.2 70 -21 9.0 -3.2
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.2 55 -6 8.5 -3.8
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 1.2 65 -16 3.9 -8.3
GINN Goldman Sachs Innovate Equity ETF 1.2 52 -3 2.8 -9.5
WISE Themes Generative Artificial Intelligence ETF 1.2 35 14 0.5 -11.8
EIDO iShares MSCI Indonesia ETF 1.2 59 -10 7.5 -4.8
IOO iShares Global 100 ETF 1.1 41 8 4.8 -7.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 37 8.3 -4.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 10 11.0 -1.2
CGIE Capital Group International Equity ETF 1.1 54 -5 4.9 -7.3
IXC iShares Global Energy ETF 1.1 44 5 8.7 -3.6
SNSR Global X Internet of Things ETF 1.1 68 -19 4.6 -7.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.1 45 4 3.1 -9.1
RAYC Rayliant Quantamental China Equity ETF 1.0 80 -31 8.6 -3.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 0 5.6 -6.6
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 -9 15.5 +3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 -9 10.2 -2.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.8 75 -26 4.6 -7.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 39 7.7 -4.6
SMOG VanEck Low Carbon Energy ETF 0.8 61 -12 2.4 -9.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -16 0.2 -12.0
IGPT Invesco AI and Next Gen Software ETF 0.8 60 -11 3.8 -8.5
PGJ Invesco Golden Dragon China ETF 0.8 70 -21 4.9 -7.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 -12 -2.4 -14.7
CGGO Capital Group Global Growth Equity ETF 0.7 47 2 4.6 -7.7
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -11 8.5 -3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 4 -0.6 -12.8
DWX SPDR S&P International Dividend ETF 0.7 45 4 6.5 -5.8
ICLN iShares Global Clean Energy ETF 0.7 41 8 6.0 -6.3
DMAT Global X Disruptive Materials ETF 0.7 59 -10 10.5 -1.8
PBD Invesco Global Clean Energy ETF 0.6 75 -26 -5.3 -17.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -21 3.8 -8.4
MOTO SmartETFs Smart Transportation & Technology ETF 0.6 68 -19 7.3 -5.0
GMET VanEck Green Metals ETF 0.6 63 -14 10.7 -1.6
EWM iShares MSCI Malaysia ETF 0.6 50 -1 5.5 -6.7
HAP VanEck Natural Resources ETF 0.6 50 -1 10.0 -2.3
DFNL Davis Select Financial ETF 0.6 63 -14 6.6 -5.6
OAIM OneAscent International Equity ETF 0.6 95 -46 5.1 -7.1
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 -30 5.6 -6.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 -31 12.3 +0.0
KXI iShares Global Consumer Staples ETF 0.6 41 8 5.7 -6.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -21 9.8 -2.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -16 8.2 -4.1
OCEN IQ Clean Oceans ETF 0.5 45 4 6.1 -6.2
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 9.2 -3.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.5 85 -36 8.6 -3.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -23 1.0 -11.3
KURE KraneShares MSCI All China Health Care Index ETF 0.5 65 -16 4.3 -8.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -9 4.6 -7.7
BNE Blue Horizon BNE ETF 0.5 87 -38 4.6 -7.7
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.3 -7.9
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -21 9.7 -2.6
IGF iShares Global Infrastructure ETF 0.5 41 8 4.3 -8.0
MXI iShares Global Materials ETF 0.5 41 8 7.0 -5.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 3 4.9 -7.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 5.5 -6.8
CTEC Global X CleanTech ETF 0.4 50 -1 2.9 -9.4
TAN Invesco Solar ETF 0.4 67 -18 10.4 -1.8
APIE ActivePassive International Equity ETF 0.4 45 4 8.1 -4.1
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.6 -8.6
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 -10 10.9 -1.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 42 6.7 -5.6
GSFP Goldman Sachs Future Planet Equity ETF 0.4 75 -26 4.2 -8.0
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -46 3.5 -8.8
IBAT iShares Energy Storage & Materials ETF 0.4 47 2 3.1 -9.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -19 4.8 -7.4
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -10 -0.1 -12.4
BOAT SonicShares Global Shipping ETF 0.3 69 -20 34.8 +22.6
SEA U.S. Global Sea to Sky Cargo ETF 0.3 60 -11 21.5 +9.3
INCO Columbia India Consumer ETF 0.3 75 -26 1.5 -10.7
ECNS iShares MSCI China Small-Cap ETF 0.3 59 -10 14.2 +1.9
RING iShares MSCI Global Gold Miners ETF 0.3 39 10 5.6 -6.7
COPX Global X Copper Miners ETF 0.3 65 -16 8.2 -4.1
AGMI Themes Silver Miners ETF 0.3 35 14 4.5 -7.7
ECH iShares MSCI Chile ETF 0.3 58 -9 9.8 -2.5
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 9.9 -2.4
GNR SPDR S&P Global Natural Resources ETF 0.3 40 9 9.7 -2.6
EBIZ Global X E-Commerce ETF 0.3 50 -1 2.1 -10.2
MOO VanEck Agribusiness ETF 0.3 53 -4 9.7 -2.5
FPAG FPA Global Equity ETF 0.3 49 0 5.4 -6.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.3 39 10 -1.7 -13.9
IDRV iShares Self-driving EV & Tech ETF 0.3 47 2 -0.4 -12.7
LIT Global X Lithium & Battery Tech ETF 0.3 75 -26 9.1 -3.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 2 8.0 -4.3
OSEA Harbor International Compounders ETF 0.3 55 -6 4.3 -8.0
URA Global X Uranium ETF 0.3 69 -20 2.4 -9.9
CRAK VanEck Oil Refiners ETF 0.3 61 -12 14.7 +2.5
CUT Invesco MSCI Global Timber ETF 0.3 61 -12 8.4 -3.9
WOOD iShares Global Timber & Forestry ETF 0.3 42 7 9.8 -2.5
BTEK Future Tech ETF 0.3 88 -39 2.3 -10.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 29 1.0 -11.2
CGGR Capital Group Growth ETF 0.2 39 10 3.2 -9.0
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 -1 4.7 -7.6
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -61 5.6 -6.7
LNGG Roundhill Alerian LNG ETF 0.2 65 -16 9.1 -3.2
CNRG SPDR S&P Kensho Clean Power ETF 0.2 45 4 2.8 -9.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 14 1.9 -10.3
JXI iShares Global Utilities ETF 0.2 43 6 5.9 -6.3
RNRG Global X Renewable Energy Producers ETF 0.2 66 -17 5.5 -6.7
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.6 -5.6
CGDG Capital Group Dividend Growers ETF 0.2 47 2 6.6 -5.6
BRF VanEck Brazil Small-Cap ETF 0.2 66 -17 9.7 -2.6
FRNW Fidelity Clean Energy ETF 0.2 39 10 2.6 -9.7
JETS U.S. Global Jets ETF 0.2 60 -11 -13.3 -25.5
PTEC Global X PropTech ETF 0.2 50 -1 1.6 -10.7
FPXI First Trust International Equity Opportunities ETF 0.2 70 -21 4.9 -7.3
AQWA Global X Clean Water ETF 0.2 50 -1 4.2 -8.0
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 4 -4.6 -16.8
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -57 9.8 -2.5
REET iShares Global REIT ETF 0.2 14 35 6.2 -6.0
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.1 -6.1
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -10 7.4 -4.9
DFGR Dimensional Global Real Estate ETF 0.2 22 27 6.2 -6.0
GDX VanEck Gold Miners ETF 0.2 51 -2 4.5 -7.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 28 3.8 -8.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -37 1.2 -11.0
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 2.3 -10.0
GINX SGI Enhanced Global Income ETF 0.2 98 -49 5.6 -6.6
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -10 2.8 -9.4
ONLN ProShares Online Retail ETF 0.1 58 -9 3.3 -8.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.1 58 -9 5.0 -7.2
QQMG Invesco ESG NASDAQ 100 ETF 0.1 20 29 4.7 -7.5
QQQ Invesco QQQ Trust Series I 0.1 20 29 4.5 -7.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.1 35 14 4.6 -7.7
QQQM Invesco NASDAQ 100 ETF 0.1 15 34 4.6 -7.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.1 57 -8 5.9 -6.4
XNTK SPDR NYSE Technology ETF 0.1 35 14 4.2 -8.1
TRFM AAM Transformers ETF 0.1 49 0 2.0 -10.3
FDTX Fidelity Disruptive Technology ETF 0.1 50 -1 2.8 -9.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.1 20 29 5.2 -7.1
LIVR Intelligent Livermore ETF 0.1 69 -20 6.0 -6.2
BPAY BlackRock Future Financial and Technology ETF 0.1 70 -21 8.2 -4.1
GDVD R3 Global Dividend Growth ETF 0.1 88 -39 5.5 -6.7
BINV Brandes International ETF 0.1 70 -21 8.5 -3.8
PBW Invesco WilderHill Clean Energy ETF 0.1 66 -17 -13.7 -26.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 7.0 -5.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 1.9 -10.3
WTRE WisdomTree New Economy Real Estate Fund 0.1 58 -9 0.3 -11.9
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.1 -5.2
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 5.2 -7.1
OZEM Roundhill GLP-1 & Weight Loss ETF 0.1 59 -10 -0.8 -13.0
ARKF ARK Fintech Innovation ETF 0.1 75 -26 -0.4 -12.6
RAYS Global X Solar ETF 0.1 51 -2 6.9 -5.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -30 5.1 -7.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.1 80 -31 7.6 -4.7
UIVM VictoryShares International Value Momentum ETF 0.1 35 14 11.0 -1.2
CGW Invesco S&P Global Water Index ETF 0.1 57 -8 4.4 -7.9
PIO Invesco Global Water ETF 0.1 75 -26 5.2 -7.1
SRET Global X SuperDividend REIT ETF 0.1 59 -10 9.7 -2.6
INQQ India Internet & Ecommerce ETF 0.1 86 -37 2.6 -9.7
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 0 5.7 -6.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 2 4.9 -7.3
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 2 5.6 -6.6
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -1 12.8 +0.6
EXI iShares Global Industrials ETF 0.1 42 7 4.5 -7.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.1 60 -11 4.8 -7.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.1 19 30 5.4 -6.9
FIXT Procure Disaster Recovery Strategy ETF 0.1 75 -26 5.8 -6.4
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 20 6.5 -5.8
SMIN iShares MSCI India Small Cap ETF 0.1 79 -30 3.5 -8.8
AVRE Avantis Real Estate ETF 0.1 17 32 5.9 -6.4
VPL Vanguard FTSE Pacific ETF 0.1 8 41 7.7 -4.5
EBLU Ecofin Global Water ESG Fund 0.1 40 9 4.9 -7.3
DTEC ALPS Disruptive Technologies ETF 0.1 50 -1 3.7 -8.6
IPOS Renaissance International IPO ETF 0.1 80 -31 -0.8 -13.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 10 7.2 -5.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.0 70 -21 11.9 -0.3
GWX SPDR S&P International Small Cap ETF 0.0 40 9 6.5 -5.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.0 20 29 -10.7 -23.0
SCHF Schwab International Equity ETF 0.0 6 43 7.5 -4.8
VEA Vanguard FTSE Developed Markets ETF 0.0 5 44 7.3 -4.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.1 -4.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 24 9.9 -2.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 46 7.2 -5.1
INTF iShares International Equity Factor ETF 0.0 15 34 8.2 -4.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.1 -7.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 7.5 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.4 -4.8

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 12.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 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.