FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
ALTAR
Score™		 6.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 14.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares Developed Markets ex-US Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from developed markets excluding the United States.

FUND BASICS
Category International Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Jul 15, 2019
Assets (mns) $47
Currency USD
Expense ratio 32 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 178
Wgt avg mkt cap (mns) $76,222
Large cap (>$10bn) 81.7%
Mid cap ($2-10bn) 18.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.7 %
ROCHE HOLDING LTD 3.4 %
UNILEVER PLC 2.4 %
SANOFI-AVENTIS 2.4 %
AIR LIQUIDE SA 1.8 %
NOVARTIS AG 1.7 %
CANADIAN NATL RAILWAY CO 1.6 %
SUMITOMO MITSUI FINANCIAL GR 1.6 %
NOVO NORDISK A/S-B 1.6 %
SHELL PLC 1.3 %
Total 21.4 %

TOP COUNTRY EXPOSURE
JAPAN 23.2 %
SWITZERLAND 12.2 %
CANADA 10.2 %
BRITAIN 9.9 %
FRANCE 7.4 %
HONG KONG 5.8 %
SINGAPORE 4.5 %
NETHERLANDS 3.9 %
GERMANY 3.8 %
ISRAEL 3.8 %

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.
2.9% 8.9% -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.62 70%
MSCI EAFE 0.73 91%
MSCI Emg. Mkts. 0.58 61%

Technical Indicators
Recent close $26.12
30d moving avg. $25.05
Annualized volatility 13.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 28
Turnover 1.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $12,032

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 460 potential alternatives to the FlexShares Developed Markets ex-US Quality Low Volatility Index Fund ETF based on the alternatives' overlap in portfolio holdings with QLVD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QLVD Expense: 32 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QLVD
Ticker Fund
Name		 Overlap1
vs QLVD
(%)		 Expense
ratio
(bp)		 Savings
vs QLVD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs QLVD
(%)
EFAV iShares MSCI EAFE Min Vol Factor ETF 51.3 22 10 6.2 -0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 38.6 30 2 6.8 +0.2
DWMF WisdomTree International Multifactor Fund 33.1 38 -6 7.3 +0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 32.0 80 -48 5.4 -1.3
FDEV Fidelity International Multifactor ETF 30.8 18 14 7.5 +0.8
DOL WisdomTree International LargeCap Dividend Fund 30.1 48 -16 7.7 +1.1
IQDE FlexShares International Quality Dividend Defensive Index ET 30.0 47 -15 10.7 +4.0
IQLT iShares MSCI Intl Quality Factor ETF 29.3 30 2 5.7 -1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 27.5 29 3 8.8 +2.1
IDLV Invesco S&P International Developed Low Volatility ETF 27.3 25 7 5.8 -0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.9 25 7 7.4 +0.7
IQSI IQ Candriam International Equity ETF 26.6 15 17 6.4 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 26.4 9 23 8.0 +1.3
DWM WisdomTree International Equity Fund 26.1 48 -16 7.8 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.0 40 -8 7.8 +1.2
OEUR ALPS O'Shares Europe Quality Dividend ETF 25.9 48 -16 5.7 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 25.7 29 3 5.8 -0.9
JIRE JPMorgan International Research Enhanced Equity ETF 25.6 24 8 6.7 +0.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 25.6 58 -26 6.0 -0.7
BKIE BNY Mellon International Equity ETF 25.5 4 28 6.9 +0.2
JHMD John Hancock Multifactor Developed International ETF 25.2 39 -7 7.4 +0.7
GSID Goldman Sachs MarketBeta International Equity ETF 25.1 20 12 6.7 -0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 25.0 36 -4 6.4 -0.3
EFA iShares MSCI EAFE ETF 24.9 35 -3 6.4 -0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 24.8 25 7 7.4 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 24.7 9 23 6.7 0.0
FLEE Franklin FTSE Europe ETF 24.4 9 23 6.8 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 24.3 39 -7 7.6 +0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 24.3 46 -14 6.3 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 24.1 20 12 6.8 +0.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 24.1 51 -19 6.8 +0.1
CIL VictoryShares International Volatility Wtd ETF 24.0 45 -13 6.9 +0.2
IEV iShares Europe ETF 23.9 67 -35 6.1 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.6 20 12 6.3 -0.4
RFEU First Trust Riverfront Dynamic Europe ETF 23.2 83 -51 8.7 +2.1
ESGD iShares ESG Aware MSCI EAFE ETF 23.2 20 12 6.3 -0.4
IGRO iShares International Dividend Growth ETF 23.1 15 17 7.1 +0.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 23.0 20 12 6.9 +0.2
VIGI Vanguard International Dividend Appreciation ETF 22.9 15 17 5.6 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 22.6 9 23 9.8 +3.1
EFV iShares MSCI EAFE Value ETF 22.5 34 -2 9.1 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 22.4 4 28 6.7 +0.0
IEFA iShares Core MSCI EAFE ETF 22.3 7 25 2.7 -4.0
FIVA Fidelity International Value Factor ETF 21.9 18 14 9.3 +2.6
IEUR iShares Core MSCI Europe ETF 21.9 11 21 -1.3 -8.0
SCHF Schwab International Equity ETF 21.8 6 26 7.0 +0.3
VGK Vanguard FTSE Europe ETF 21.7 11 21 6.8 +0.1
VEA Vanguard FTSE Developed Markets ETF 21.6 5 27 7.0 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 21.4 3 29 6.9 +0.2
INTF iShares International Equity Factor ETF 21.2 15 17 7.8 +1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 21.1 83 -51 9.0 +2.3
SPEU SPDR Portfolio Europe ETF 21.0 7 25 6.6 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.5 14 18 6.2 -0.5
IMTM iShares MSCI Intl Momentum Factor ETF 20.4 30 2 6.8 +0.1
UMMA Wahed Dow Jones Islamic World ETF 20.4 65 -33 4.3 -2.4
IQIN IQ 500 International ETF 20.4 25 7 8.8 +2.1
CWI SPDR MSCI ACWI ex-US ETF 20.1 30 2 6.8 +0.1
VYMI Vanguard International High Dividend Yield ETF 20.1 22 10 9.7 +3.0
DFAI Dimensional International Core Equity Market ETF 20.0 18 14 6.9 +0.2
JPIN J.P. Morgan Diversified Return International Equity ETF 20.0 37 -5 8.7 +2.0
FICS First Trust International Developed Capital Strength ETF 19.8 70 -38 6.1 -0.6
DIHP Dimensional International High Profitability ETF 19.8 29 3 6.9 +0.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 19.7 20 12 10.7 +4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.7 41 -9 6.7 -0.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 19.6 35 -3 6.4 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.6 45 -13 8.5 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 19.5 34 -2 6.7 0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 19.3 12 20 5.4 -1.3
TPIF Timothy Plan International ETF 19.2 62 -30 6.7 +0.0
EFG iShares MSCI EAFE Growth ETF 19.1 36 -4 4.1 -2.6
IQDF FlexShares International Quality Dividend Index Fund 18.9 47 -15 10.7 +4.0
FNDF Schwab Fundamental International Large Co. Index ETF 18.9 25 7 9.1 +2.4
IVLU iShares MSCI Intl Value Factor ETF 18.8 30 2 10.6 +4.0
VEU Vanguard FTSE All-World ex-US Index Fund 18.5 8 24 7.2 +0.5
TTAI FCF International Quality ETF 18.5 59 -27 7.4 +0.7
VWID Virtus WMC International Dividend ETF 18.5 49 -17 9.4 +2.7
RODE Hartford Multifactor Diversified International ETF 18.3 29 3 11.5 +4.8
ISZE iShares MSCI Intl Size Factor ETF 17.2 30 2 6.6 -0.1
VXUS Vanguard Total International Stock ETF 17.2 7 25 7.1 +0.4
IXUS iShares Core MSCI Total International Stock ETF 17.1 7 25 6.9 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.9 39 -7 7.3 +0.6
UIVM VictoryShares International Value Momentum ETF 16.8 35 -3 10.7 +4.0
VSGX Vanguard ESG International Stock ETF 16.8 12 20 6.8 +0.1
EZU iShares MSCI Eurozone ETF 16.3 52 -20 6.2 -0.5
FIDI Fidelity International High Dividend ETF 16.3 18 14 10.1 +3.4
DWX SPDR S&P International Dividend ETF 16.2 45 -13 7.1 +0.4
IDMO Invesco S&P International Developed Momentum ETF 16.1 25 7 7.0 +0.3
FLEU Franklin FTSE Eurozone ETF 16.0 9 23 6.7 0.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 15.9 24 8 8.6 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 15.9 30 2 6.1 -0.6
SCHY Schwab International Dividend Equity ETF 15.9 14 18 9.3 +2.6
LVHI Franklin International Low Volatility High Dividend Index ET 15.8 40 -8 10.2 +3.5
JIG JPMorgan International Growth ETF 15.7 55 -23 4.3 -2.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 15.5 25 7 7.7 +1.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 15.3 45 -13 6.2 -0.5
QINT American Century Quality Diversified International ETF 15.0 39 -7 7.4 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 15.0 31 1 6.4 -0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 15.0 25 7 6.1 -0.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 14.9 50 -18 5.1 -1.6
IPAC iShares Core MSCI Pacific ETF 14.9 9 23 6.7 -0.0
EWJ iShares MSCI Japan ETF 14.8 50 -18 6.7 +0.0
WWJD Inspire International ETF 14.8 80 -48 7.1 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 14.6 19 13 7.1 +0.4
BKCI BNY Mellon Concentrated International ETF 14.4 80 -48 5.2 -1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 14.3 47 -15 6.6 -0.1
DTH WisdomTree International High Dividend Fund 14.3 58 -26 10.1 +3.5
EWJV iShares MSCI Japan Value ETF 14.3 15 17 9.0 +2.3
IQDG WisdomTree International Quality Dividend Growth Fund 14.2 42 -10 5.8 -0.9
EUDV ProShares MSCI Europe Dividend Growers ETF 14.2 55 -23 5.0 -1.7
FEZ SPDR EURO STOXX 50 ETF 14.1 29 3 6.2 -0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.9 58 -26 5.6 -1.1
ACWV iShares MSCI Global Min Vol Factor ETF 13.9 20 12 6.7 +0.0
FLJP Franklin FTSE Japan ETF 13.5 9 23 7.1 +0.5
FLJH Franklin FTSE Japan Hedged ETF 13.1 9 23 6.9 +0.3
VPL Vanguard FTSE Pacific ETF 13.1 8 24 7.0 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 13.0 24 8 6.2 -0.5
AIVI WisdomTree International AI Enhanced Value Fund 12.9 58 -26 8.0 +1.4
CID VictoryShares International High Div Volatility Wtd ETF 12.9 45 -13 9.5 +2.8
AVDE Avantis International Equity ETF 12.7 23 9 7.9 +1.2
HEDJ WisdomTree Europe Hedged Equity Fund 12.6 58 -26 8.4 +1.7
JHID John Hancock International High Dividend ETF 12.4 46 -14 11.5 +4.8
JPXN iShares JPX-Nikkei 400 ETF 12.1 48 -16 7.5 +0.8
FLSW Franklin FTSE Switzerland ETF 12.1 9 23 5.1 -1.6
DFIC Dimensional International Core Equity 2 ETF 11.9 23 9 7.4 +0.7
DFIV Dimensional International Value ETF 11.8 27 5 9.8 +3.1
AVIV Avantis International Large Cap Value ETF 11.6 25 7 8.9 +2.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 11.5 80 -48 5.6 -1.1
DIM WisdomTree International MidCap Dividend Fund 11.4 58 -26 7.7 +1.0
EPP iShares MSCI Pacific ex-Japan ETF 11.2 47 -15 5.4 -1.3
EWL iShares MSCI Switzerland ETF 11.0 50 -18 4.1 -2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.9 47 -15 5.9 -0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.8 42 -10 6.8 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 10.8 60 -28 9.8 +3.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 10.7 19 13 5.8 -0.9
WDIV SPDR S&P Global Dividend ETF 10.0 40 -8 10.2 +3.6
FLGB Franklin FTSE United Kingdom ETF 9.9 9 23 8.3 +1.6
DIVS SmartETFs Dividend Builder ETF 9.7 65 -33 4.7 -2.0
GDVD R3 Global Dividend Growth ETF 9.7 88 -56 5.8 -0.9
MOTG VanEck Morningstar Global Wide Moat ETF 9.7 52 -20 5.8 -0.9
KXI iShares Global Consumer Staples ETF 9.6 41 -9 5.6 -1.1
ESGN Columbia International ESG Equity Income ETF 9.4 45 -13 9.0 +2.3
BBCA JPMorgan BetaBuilders Canada ETF 9.2 19 13 7.0 +0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.9 30 2 7.8 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.9 47 -15 10.3 +3.6
IDOG ALPS International Sector Dividend Dogs ETF 8.9 50 -18 11.6 +4.9
ESGG FlexShares STOXX Global ESG Select Index Fund 8.7 42 -10 5.1 -1.6
URTH iShares MSCI World ETF 8.7 24 8 5.4 -1.3
IOO iShares Global 100 ETF 8.5 41 -9 4.8 -1.9
OSEA Harbor International Compounders ETF 8.5 55 -23 3.7 -3.0
EWC iShares MSCI Canada ETF 8.4 50 -18 6.9 +0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 8.4 80 -48 10.8 +4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 8.3 9 23 5.5 -1.2
RAYD Rayliant Quantitative Developed Market Equity ETF 8.3 80 -48 4.5 -2.2
FLCA Franklin FTSE Canada ETF 8.1 9 23 7.2 +0.6
BLES Inspire Global Hope ETF 8.1 61 -29 6.3 -0.4
TOK iShares MSCI Kokusai ETF 8.1 26 6 5.3 -1.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 8.0 39 -7 12.7 +6.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 7.9 20 12 5.6 -1.1
ACWI iShares MSCI ACWI ETF 7.9 32 0 5.5 -1.2
IXJ iShares Global Healthcare ETF 7.8 42 -10 6.1 -0.6
WRND IQ Global Equity R&D Leaders ETF 7.7 18 14 7.2 +0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 7.6 9 23 5.7 -1.0
DGT SPDR Global Dow ETF 7.6 50 -18 6.7 -0.0
EWU iShares MSCI United Kingdom ETF 7.4 50 -18 7.8 +1.2
KOCG FIS Knights of Columbus Global Belief ETF 7.4 75 -43 5.3 -1.4
VIDI Vident International Equity Strategy ETF 7.3 61 -29 11.9 +5.2
GLOF iShares Global Equity Factor ETF 7.3 20 12 7.1 +0.4
AGQI First Trust Active Global Quality Income ETF 7.3 85 -53 5.8 -0.9
EWQ iShares MSCI France ETF 7.1 53 -21 5.4 -1.3
VT Vanguard Total World Stock ETF 6.9 7 25 5.8 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 6.9 12 20 5.1 -1.6
EXI iShares Global Industrials ETF 6.6 42 -10 4.7 -2.0
CGXU Capital Group International Focus Equity ETF 6.5 54 -22 4.1 -2.6
DVYA iShares Asia/Pacific Dividend ETF 6.5 49 -17 9.1 +2.5
HART IQ Healthy Hearts ETF 6.5 45 -13 5.3 -1.4
IDV iShares International Select Dividend ETF 6.4 51 -19 12.3 +5.6
SDG iShares MSCI Global Sustainable Development Goals ETF 6.4 49 -17 5.8 -0.9
JSTC Adasina Social Justice All Cap Global ETF 6.4 89 -57 4.8 -1.9
IQRA IQ CBRE Real Assets ETF 6.0 65 -33 5.9 -0.8
GVAL Cambria Global Value ETF 6.0 68 -36 12.3 +5.7
IXG iShares Global Financials ETF 5.9 42 -10 6.8 +0.1
GCOW Pacer Global Cash Cows Dividend ETF 5.9 60 -28 13.6 +6.9
NXTG First Trust Indxx NextG ETF 5.9 70 -38 6.0 -0.7
IDNA iShares Genomics Immunology and Healthcare ETF 5.8 47 -15 -5.2 -11.8
FEP First Trust Europe AlphaDEX Fund 5.8 80 -48 8.6 +1.9
FLHK Franklin FTSE Hong Kong ETF 5.8 9 23 7.4 +0.7
DEW WisdomTree Global High Dividend Fund 5.7 58 -26 9.1 +2.4
DXJ WisdomTree Japan Hedged Equity Fund 5.7 48 -16 7.7 +1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.6 65 -33 8.4 +1.7
EWH iShares MSCI Hong Kong ETF 5.5 50 -18 7.0 +0.3
NTZG Nuveen Global Net Zero Transition ETF 5.5 56 -24 4.9 -1.8
FEUZ First Trust Eurozone AlphaDEX ETF 5.5 80 -48 8.3 +1.6
IXP iShares Global Comm Services ETF 5.5 42 -10 5.3 -1.4
FJP First Trust Japan AlphaDEX Fund 5.4 80 -48 10.1 +3.5
IMFL Invesco International Developed Dynamic Multifactor ETF 5.3 34 -2 10.6 +3.9
IPKW Invesco International BuyBack Achievers ETF 5.3 55 -23 9.1 +2.4
CGGO Capital Group Global Growth Equity ETF 5.3 47 -15 4.3 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 5.2 55 -23 8.0 +1.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.1 80 -48 10.0 +3.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 56 -24 13.9 +7.2
FKU First Trust United Kingdom AlphaDEX Fund 5.0 80 -48 7.5 +0.8
SXUS Janus Henderson International Sustainable Equity ETF 4.9 60 -28 4.6 -2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.9 46 -14 5.6 -1.1
TOLL Tema Monopolies and Oligopolies ETF 4.9 75 -43 2.6 -4.1
WLDR Affinity World Leaders Equity ETF 4.8 67 -35 8.5 +1.8
MOTI VanEck Morningstar International Moat ETF 4.8 58 -26 6.9 +0.2
SAGP Strategas Global Policy Opportunities ETF 4.7 65 -33 4.5 -2.2
RXI iShares Global Consumer Discretionary ETF 4.7 41 -9 5.5 -1.2
EFAS Global X MSCI SuperDividend EAFE ETF 4.7 57 -25 9.7 +3.0
GLIF AGF Global Infrastructure ETF 4.7 45 -13 5.5 -1.2
JXI iShares Global Utilities ETF 4.6 43 -11 6.7 -0.0
EWS iShares MSCI Singapore ETF 4.5 50 -18 4.0 -2.7
EUFN iShares MSCI Europe Financials ETF 4.5 51 -19 8.1 +1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.4 70 -38 6.3 -0.4
FSZ First Trust Switzerland AlphaDEX Fund 4.4 80 -48 4.1 -2.6
FLAX Franklin FTSE Asia Ex Japan ETF 4.1 19 13 7.2 +0.5
KLDW Knowledge Leaders Developed World ETF 4.1 75 -43 4.9 -1.8
EWN iShares MSCI Netherlands ETF 3.9 50 -18 4.7 -2.0
EWG iShares MSCI Germany ETF 3.8 50 -18 6.5 -0.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 3.8 45 -13 6.4 -0.3
FLGR Franklin FTSE Germany ETF 3.8 9 23 7.1 +0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.8 65 -33 12.8 +6.1
EIS iShares MSCI Israel ETF 3.8 58 -26 9.5 +2.8
AIA iShares Asia 50 ETF 3.7 50 -18 6.9 +0.2
KNCT Invesco Next Gen Connectivity ETF 3.7 40 -8 5.9 -0.8
PAWZ ProShares Pet Care ETF 3.7 50 -18 4.0 -2.7
DAX Global X DAX Germany ETF 3.6 21 11 6.9 +0.2
KOIN Capital Link Global Fintech Leaders ETF 3.6 75 -43 4.6 -2.1
WPS iShares International Developed Property ETF 3.5 48 -16 7.2 +0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.5 12 20 8.7 +2.0
ASEA Global X FTSE Southeast Asia ETF 3.5 65 -33 6.5 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.4 70 -38 4.6 -2.1
FYLD Cambria Foreign Shareholder Yield ETF 3.4 59 -27 12.0 +5.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.4 45 -13 6.2 -0.5
EWP iShares MSCI Spain ETF 3.3 50 -18 8.5 +1.8
IGF iShares Global Infrastructure ETF 3.1 41 -9 5.0 -1.7
GII SPDR S&P Global Infrastructure ETF 3.1 40 -8 5.0 -1.7
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.1 68 -36 8.8 +2.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -17 6.2 -0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 -14 8.8 +2.1
KROP Global X AgTech & Food Innovation ETF 2.9 50 -18 4.7 -2.0
GNR SPDR S&P Global Natural Resources ETF 2.9 40 -8 9.2 +2.5
IXC iShares Global Energy ETF 2.8 44 -12 8.2 +1.5
XT iShares Exponential Technologies ETF 2.7 46 -14 3.9 -2.8
MXI iShares Global Materials ETF 2.7 41 -9 6.6 -0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.7 10 22 8.2 +1.5
SHPP Pacer Industrials and Logistics ETF 2.6 60 -28 8.9 +2.2
DINT Davis Select International ETF 2.6 55 -23 4.7 -2.0
ISRA VanEck Israel ETF 2.5 59 -27 8.9 +2.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.5 58 -26 4.6 -2.1
FILL iShares MSCI Global Energy Producers ETF 2.4 39 -7 9.0 +2.3
TINT ProShares Smart Materials ETF 2.4 58 -26 5.6 -1.1
FPXI First Trust International Equity Opportunities ETF 2.4 70 -38 3.6 -3.1
GINN Goldman Sachs Innovate Equity ETF 2.3 52 -20 2.7 -4.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.3 78 -46 8.8 +2.1
PID Invesco International Dividend Achievers ETF 2.3 53 -21 6.7 +0.0
EFNL iShares MSCI Finland ETF 2.3 56 -24 8.0 +1.3
HJEN Direxion Hydrogen ETF 2.2 45 -13 -3.2 -9.9
OBOR KraneShares MSCI One Belt One Road Index ETF 2.2 79 -47 10.3 +3.6
SHLD Global X Defense Tech ETF 2.2 50 -18 4.8 -1.9
AGNG Global X Aging Population ETF 2.2 50 -18 4.1 -2.6
EWA iShares MSCI Australia ETF 2.1 50 -18 5.3 -1.4
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 -13 3.3 -3.4
CANC Tema Oncology ETF 2.1 75 -43 -4.4 -11.1
CLNR IQ Cleaner Transport ETF 2.1 45 -13 8.3 +1.6
FLAU Franklin FTSE Australia ETF 2.1 9 23 5.8 -0.9
IXN iShares Global Tech ETF 2.0 41 -9 4.3 -2.4
GDOC Goldman Sachs Future Health Care Equity ETF 2.0 75 -43 3.2 -3.5
BITQ Bitwise Crypto Industry Innovators ETF 2.0 85 -53 -4.7 -11.4
TINY ProShares Nanotechnology ETF 1.8 58 -26 1.9 -4.8
TMFG Motley Fool Global Opportunities ETF 1.8 85 -53 3.3 -3.4
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 -7 6.9 +0.2
HDRO Defiance Next Gen H2 ETF 1.8 30 2 -11.1 -17.8
IFGL iShares International Developed Real Estate ETF 1.8 48 -16 7.0 +0.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 -36 5.3 -1.4
FDD First Trust Stoxx European Select Dividend Index Fund 1.8 58 -26 12.9 +6.2
LUXX Roundhill S&P Global Luxury ETF 1.8 45 -13 2.7 -4.0
FINE Themes European Luxury ETF 1.8 35 -3 -2.2 -8.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.7 85 -53 4.9 -1.8
BCDF Horizon Kinetics Blockchain Development ETF 1.7 85 -53 -0.7 -7.4
EWI iShares MSCI Italy ETF 1.7 50 -18 8.2 +1.5
HAP VanEck Natural Resources ETF 1.6 50 -18 9.5 +2.8
SANE Subversive Mental Health ETF 1.6 75 -43 0.0 -6.7
ERET iShares Environmentally Aware Real Estate ETF 1.6 30 2 7.3 +0.6
TEMP JPMorgan Climate Change Solutions ETF 1.6 49 -17 4.7 -2.0
QTUM Defiance Quantum ETF 1.6 40 -8 3.9 -2.8
EDEN iShares MSCI Denmark ETF 1.6 53 -21 6.2 -0.5
BMED Future Health ETF 1.6 85 -53 0.2 -6.5
CGV Conductor Global Equity Value ETF 1.6 130 -98 11.3 +4.7
SUPL ProShares Supply Chain Logistics ETF 1.5 58 -26 13.1 +6.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 -29 -4.0 -10.7
CGGR Capital Group Growth ETF 1.4 39 -7 3.5 -3.2
OCEN IQ Clean Oceans ETF 1.4 45 -13 5.3 -1.4
FPAG FPA Global Equity ETF 1.4 49 -17 5.7 -1.0
IVAL Alpha Architect International Quantitative Value ETF 1.3 49 -17 5.8 -0.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 -17 6.7 0.0
ECLN First Trust EIP Carbon Impact ETF 1.3 96 -64 5.3 -1.4
JRNY ALPS Global Travel Beneficiaries ETF 1.3 65 -33 0.0 -6.7
BTEK Future Tech ETF 1.3 88 -56 2.1 -4.6
FGM First Trust Germany AlphaDEX Fund 1.3 80 -48 9.2 +2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.3 95 -63 11.4 +4.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 1.3 75 -43 4.7 -2.0
DTEC ALPS Disruptive Technologies ETF 1.2 50 -18 3.3 -3.4
AIQ Global X Artificial Intelligence & Technology ETF 1.2 68 -36 4.2 -2.5
CRAK VanEck Oil Refiners ETF 1.2 61 -29 13.1 +6.4
NDIV Amplify Natural Resources Dividend Income ETF 1.2 59 -27 9.7 +3.0
IVES Wedbush ETFMG Global Cloud Technology ETF 1.2 68 -36 1.4 -5.3
GSFP Goldman Sachs Future Planet Equity ETF 1.2 75 -43 4.5 -2.2
INNO Harbor Disruptive Innovation ETF 1.2 75 -43 -3.5 -10.2
LOUP Innovator Deepwater Frontier Tech ETF 1.2 70 -38 2.3 -4.4
VERS ProShares Metaverse ETF 1.2 58 -26 -8.3 -15.0
WDNA WisdomTree BioRevolution Fund 1.2 45 -13 -4.5 -11.2
JETS U.S. Global Jets ETF 1.2 60 -28 -15.6 -22.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -23 3.6 -3.1
AQWA Global X Clean Water ETF 1.1 50 -18 4.3 -2.4
PIO Invesco Global Water ETF 1.1 75 -43 4.9 -1.8
GURU Global X Guru Index ETF 1.1 75 -43 2.5 -4.2
AMID Argent Mid Cap ETF Argent Mid Cap ETF 1.1 52 -20 7.0 +0.3
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.1 69 -37 8.3 +1.6
EBLU Ecofin Global Water ESG Fund 1.1 40 -8 3.9 -2.8
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.1 29 3 8.1 +1.4
FIW First Trust Water ETF 1.1 53 -21 4.5 -2.2
PHO Invesco Water Resources ETF 1.1 60 -28 4.3 -2.4
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -7 9.2 +2.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.0 68 -36 1.1 -5.6
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.0 61 -29 6.2 -0.5
IBUY Amplify Online Retail ETF 1.0 65 -33 1.8 -4.9
ARKX ARK Space Exploration & Innovation ETF 1.0 75 -43 1.7 -5.0
CGUS Capital Group Core Equity ETF 1.0 33 -1 4.7 -2.0
SMOG VanEck Low Carbon Energy ETF 1.0 61 -29 3.0 -3.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.0 75 -43 7.8 +1.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.0 79 -47 5.1 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 1.0 59 -27 3.5 -3.2
FAN First Trust Global Wind Energy ETF 1.0 60 -28 5.5 -1.2
DFNL Davis Select Financial ETF 1.0 63 -31 6.8 +0.1
DWLD Davis Select Worldwide ETF 1.0 63 -31 5.6 -1.1
BLOK Amplify Transformational Data Sharing ETF 1.0 75 -43 1.1 -5.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.9 47 -15 0.7 -6.0
EMLP First Trust North American Energy Infrastructure Fund 0.9 95 -63 5.4 -1.3
SEA U.S. Global Sea to Sky Cargo ETF 0.9 60 -28 24.1 +17.4
GBUY Goldman Sachs Future Consumer Equity ETF 0.9 75 -43 3.1 -3.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -13 6.9 +0.2
TPYP Tortoise North American Pipeline Fund 0.8 40 -8 5.3 -1.4
USAI Pacer American Energy Independence ETF 0.8 75 -43 4.1 -2.6
UMI USCF Midstream Energy Income Fund ETF 0.8 85 -53 4.5 -2.2
ENFR Alerian Energy Infrastructure ETF 0.8 35 -3 4.8 -1.9
IVRA Invesco Real Assets ESG ETF 0.8 59 -27 7.1 +0.4
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -18 6.9 +0.2
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -27 7.2 +0.5
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 -38 13.7 +7.0
RVRB Reverb ETF 0.8 30 2 5.0 -1.7
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 -30 3.7 -3.0
CIBR First Trust NASDAQ Cybersecurity ETF 0.8 60 -28 3.9 -2.8
FIXT Procure Disaster Recovery Strategy ETF 0.8 75 -43 5.7 -1.0
ZIG Acquirers Fund 0.8 84 -52 14.1 +7.4
VRAI Virtus Real Asset Income ETF 0.8 55 -23 8.6 +1.9
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -38 9.1 +2.5
MAGA Point Bridge America First ETF 0.7 72 -40 6.3 -0.4
AVRE Avantis Real Estate ETF 0.7 17 15 6.6 -0.1
REET iShares Global REIT ETF 0.7 14 18 7.1 +0.5
IWFH iShares Virtual Work and Life Multisector ETF 0.7 47 -15 -3.5 -10.2
DUHP Dimensional US High Profitability ETF 0.7 21 11 7.0 +0.3
DFGR Dimensional Global Real Estate ETF 0.7 22 10 7.1 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 0.7 75 -43 8.2 +1.5
SRET Global X SuperDividend REIT ETF 0.7 59 -27 10.1 +3.4
IGPT Invesco AI and Next Gen Software ETF 0.7 60 -28 3.8 -2.9
URA Global X Uranium ETF 0.7 69 -37 3.9 -2.8
TTAC FCF US Quality ETF 0.6 59 -27 6.5 -0.2
DFIS Dimensional International Small Cap ETF 0.6 39 -7 6.7 +0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 -1 7.2 +0.5
BNE Blue Horizon BNE ETF 0.6 87 -55 5.0 -1.7
LUX Tema Luxury ETF 0.6 75 -43 3.3 -3.4
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 -47 5.7 -1.0
EV Mast Global Battery Recycling & Production ETF 0.6 65 -33 12.8 +6.1
CHAT Roundhill Generative AI & Technology ETF 0.6 75 -43 4.2 -2.5
AHOY Newday Ocean Health ETF 0.6 75 -43 5.6 -1.1
TRFK Pacer Data and Digital Revolution ETF 0.6 60 -28 4.0 -2.7
EWK iShares MSCI Belgium ETF 0.5 50 -18 7.6 +0.9
GGME Invesco Next Gen Media and Gaming ETF 0.5 60 -28 4.1 -2.6
FCLD Fidelity Cloud Computing ETF 0.5 39 -7 2.4 -4.3
NANR SPDR S&P North American Natural Resources ETF 0.5 35 -3 6.6 -0.1
FTWO Strive FAANG 2.0 ETF 0.5 49 -17 4.7 -2.0
ABEQ Absolute Select Value ETF 0.5 85 -53 4.7 -2.0
SGDM Sprott Gold Miners ETF 0.5 50 -18 5.9 -0.8
UFO Procure Space ETF 0.5 75 -43 -4.0 -10.7
MDLV Morgan Dempsey Large Cap Value ETF 0.5 58 -26 8.6 +1.9
IMOM Alpha Architect International Quantitative Momentum ETF 0.5 49 -17 7.3 +0.6
FMET Fidelity Metaverse ETF 0.4 39 -7 4.4 -2.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -13 4.9 -1.8
LNGG Roundhill Alerian LNG ETF 0.4 65 -33 8.5 +1.9
SCHC Schwab International Small-Cap Equity ETF 0.4 11 21 6.4 -0.3
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 -43 6.6 -0.1
FDVV Fidelity High Dividend ETF 0.4 15 17 8.9 +2.3
FDRR Fidelity Dividend ETF for Rising Rates 0.4 15 17 7.9 +1.2
EINC VanEck Energy Income ETF 0.4 48 -16 4.5 -2.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 7 11.9 +5.2
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.4 69 -37 0.0 -6.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 -17 10.9 +4.2
BJK VanEck Gaming ETF 0.4 65 -33 1.8 -4.9
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 -16 0.5 -6.2
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 -10 0.0 -6.7
IQM Franklin Intelligent Machines ETF 0.3 50 -18 3.1 -3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 -18 10.5 +3.8
CRUZ Defiance Hotel Airline and Cruise ETF 0.3 45 -13 -4.9 -11.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 25 6.5 -0.2
IVRS iShares Future Metaverse Tech and Communications ETF 0.3 47 -15 -5.3 -12.0
APUE ActivePassive U.S. Equity ETF 0.3 45 -13 5.0 -1.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.3 75 -43 5.2 -1.5
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 7 8.7 +2.0
GXC SPDR S&P China ETF 0.3 59 -27 9.0 +2.3
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 14 5.7 -1.0
ODDS Pacer BlueStar Digital Entertainment ETF 0.2 60 -28 3.0 -3.7
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -28 1.2 -5.5
ROBO ROBO Global Robotics & Automation Index ETF 0.2 95 -63 2.8 -3.9
CLOD Themes Cloud Computing ETF 0.2 35 -3 3.7 -3.0
PRNT 3D Printing ETF 0.2 66 -34 -4.1 -10.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.2 65 -33 1.6 -5.1
IBOT Vaneck Robotics ETF 0.2 47 -15 3.7 -3.0
METV Roundhill Ball Metaverse ETF 0.2 59 -27 3.4 -3.3
NERD Roundhill Video Games ETF 0.2 50 -18 8.0 +1.3
ARVR First Trust Indxx Metaverse ETF 0.2 70 -38 2.5 -4.2
ESPO VanEck Video Gaming and eSports ETF 0.2 56 -24 4.5 -2.2
HERO Global X Video Games & Esports ETF 0.2 50 -18 5.1 -1.6
MCH Matthews China Active ETF 0.2 79 -47 6.1 -0.6
ICLN iShares Global Clean Energy ETF 0.2 41 -9 4.3 -2.4
ENZL iShares MSCI New Zealand ETF 0.2 50 -18 2.6 -4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 17 7.1 +0.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.2 75 -43 4.9 -1.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 15 5.7 -1.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -8 0.0 -6.7
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 9 8.8 +2.1
GVLU Gotham 1000 Value ETF 0.2 50 -18 7.4 +0.7
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -26 11.6 +4.9
COPX Global X Copper Miners ETF 0.2 65 -33 6.9 +0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 -7 11.0 +4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -4 7.5 +0.8
DFAU Dimensional US Core Equity Market ETF 0.1 12 20 5.4 -1.3
PBD Invesco Global Clean Energy ETF 0.1 75 -43 -3.9 -10.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 21 7.7 +1.0
RSHO Tema American Reshoring ETF 0.1 75 -43 3.6 -3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -27 9.6 +2.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 -17 6.4 -0.3
STRV Strive 500 ETF 0.1 5 27 5.2 -1.5
PBUS Invesco MSCI USA ETF 0.1 4 28 5.3 -1.4
STXV Strive 1000 Value ETF 0.1 18 14 7.8 +1.1
DFUS Dimensional U.S. Equity ETF 0.1 9 23 5.1 -1.6
STXG Strive 1000 Growth ETF 0.1 18 14 4.2 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 25 7.5 +0.8
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -43 4.9 -1.8
AADR AdvisorShares Dorsey Wright ADR ETF 0.1 110 -78 5.4 -1.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -43 3.8 -2.9
DISV Dimensional International Small Cap Value ETF 0.1 42 -10 9.2 +2.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 12 6.0 -0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.0 58 -26 9.1 +2.4
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -27 2.6 -4.1
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -43 1.9 -4.8
FRNW Fidelity Clean Energy ETF 0.0 39 -7 3.7 -3.0
RNRG Global X Renewable Energy Producers ETF 0.0 66 -34 4.9 -1.8
IWTR iShares MSCI Water Management Multisector ETF 0.0 47 -15 4.8 -1.9
AVDV Avantis International Small Cap Value ETF 0.0 36 -4 8.0 +1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.51
 
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.