FlexShares Emerging Markets Quality Low Volatility Index Fund
ALTAR
Score™		 6.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 1.7x
P/BV
ratio		 1.5x Div.
yield		 3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares Emerging Markets Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from emerging markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Jul 15, 2019
Assets (mns) $15
Currency USD
Expense ratio 40 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 190
Wgt avg mkt cap (mns) $237,686
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 0.0%
Developed mkts 3.0%
Emerging mkts 96.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 12.4 %
TENCENT HOLDINGS LTD 4.4 %
SAMSUNG ELECTRONICS CO LTD 3.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.9 %
HDFC BANK LIMITED 2.1 %
HYNIX SEMICONDUCTOR INC 1.7 %
TATA CONSULTANCY SVS LTD 1.7 %
HINDUSTAN UNILEVER LIMITED 1.1 %
RELIANCE INDS-SPONS GDR 144A 1.1 %
BANK OF CHINA LTD - H 1.1 %
Total 31.7 %

TOP COUNTRY EXPOSURE
INDIA 21.5 %
TAIWAN 19.1 %
CHINA 17.8 %
SOUTH KOREA 8.2 %
MALAYSIA 5.1 %
BRAZIL 3.9 %
QATAR 3.8 %
SAUDI ARABIA 3.6 %
UAE 3.2 %
PHILIPPINES 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.9% 21.9% 5.0% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.48 57%
MSCI EAFE 0.60 62%
MSCI Emg. Mkts. 0.69 93%

Technical Indicators
Recent close $30.30
30d moving avg. $29.28
Annualized volatility 11.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $6,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 448 potential alternatives to the FlexShares Emerging Markets Quality Low Volatility Index Fund ETF based on the alternatives' overlap in portfolio holdings with QLVE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QLVE Expense: 40 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QLVE
Ticker Fund
Name		 Overlap1
vs QLVE
(%)		 Expense
ratio
(bp)		 Savings
vs QLVE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs QLVE
(%)
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 40.3 25 15 5.9 -0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 37.4 66 -26 7.7 +1.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 37.2 15 25 8.5 +2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 36.8 30 10 8.1 +2.0
EMMF WisdomTree Emerging Markets Multifactor Fund 36.4 48 -8 6.1 -0.1
EEM iShares MSCI Emerging Markets ETF 36.3 69 -29 8.1 +2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 36.1 45 -5 8.5 +2.3
FLAX Franklin FTSE Asia Ex Japan ETF 36.1 19 21 7.4 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 35.8 49 -9 7.9 +1.8
BKEM BNY Mellon Emerging Markets Equity ETF 35.6 11 29 8.0 +1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 35.3 15 25 6.6 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 35.0 36 4 8.0 +1.9
FDEM Fidelity Emerging Markets Multifactor ETF 34.8 25 15 10.8 +4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 34.8 70 -30 7.2 +1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 34.7 20 20 8.4 +2.2
ESGE iShares ESG Aware MSCI EM ETF 34.6 25 15 8.5 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 33.7 30 10 7.6 +1.4
EMGF iShares Emerging Markets Equity Factor ETF 33.5 25 15 9.5 +3.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 33.2 32 8 5.3 -0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.0 24 16 6.4 +0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 32.9 33 7 8.2 +2.0
IEMG iShares Core MSCI Emerging Markets ETF 32.8 9 31 8.5 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 31.6 35 5 7.5 +1.3
EMXC iShares MSCI Emerging Markets ex China ETF 31.3 25 15 5.8 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 30.7 32 8 7.0 +0.9
STXE Strive Emerging Markets Ex-China ETF 30.5 32 8 6.2 +0.0
JHEM John Hancock Multifactor Emerging Markets ETF 30.4 49 -9 8.3 +2.2
SCHE Schwab Emerging Markets Equity ETF 30.2 11 29 9.5 +3.4
VWO Vanguard FTSE Emerging Markets ETF 29.7 7 33 9.1 +3.0
XCEM Columbia EM Core ex-China ETF 29.5 16 24 6.6 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 28.1 7 33 9.3 +3.2
MEM Matthews Emerging Markets Equity Active ETF 28.0 79 -39 6.4 +0.2
ECON Columbia Emerging Markets Consumer ETF 27.6 49 -9 10.0 +3.9
AIA iShares Asia 50 ETF 27.5 50 -10 10.5 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 27.4 95 -55 10.3 +4.2
JADE JPMorgan Active Developing Markets Equity ETF 27.4 65 -25 6.6 +0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 26.9 88 -48 7.4 +1.2
DEHP Dimensional Emerging Markets High Profitability ETF 26.0 41 -1 5.3 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 26.0 36 4 6.7 +0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 25.8 15 25 6.3 +0.2
MINV Matthews Asia Innovators Active ETF 25.2 79 -39 5.5 -0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 24.7 38 2 7.6 +1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 24.2 59 -19 7.6 +1.4
EMXF iShares ESG Advanced MSCI EM ETF 24.0 16 24 7.2 +1.0
LDEM iShares ESG MSCI EM Leaders ETF 23.2 17 23 11.4 +5.3
ROAM Hartford Multifactor Emerging Markets ETF 23.2 44 -4 10.4 +4.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 23.1 75 -35 8.5 +2.3
JIVE JPMorgan International Value ETF 22.9 55 -15 9.7 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.6 41 -1 7.1 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 22.1 49 -9 13.7 +7.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 21.8 53 -13 6.1 -0.0
RNEM First Trust Emerging Markets Equity Select ETF 21.6 75 -35 7.8 +1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 21.5 29 11 8.1 +2.0
PATN Pacer Nasdaq International Patent Leaders ETF 21.3 65 -25 4.6 -1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.8 39 1 14.6 +8.5
BKF iShares MSCI BIC ETF 19.3 69 -29 11.8 +5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.8 44 -4 9.5 +3.3
GMF SPDR S&P Emerging Asia Pacific ETF 18.8 49 -9 8.4 +2.3
AVEM Avantis Emerging Markets Equity ETF 18.7 33 7 7.3 +1.2
EWT iShares MSCI Taiwan ETF 18.1 58 -18 5.0 -1.1
FLIN Franklin FTSE India ETF 17.4 19 21 3.6 -2.5
FLTW Franklin FTSE Taiwan ETF 17.3 19 21 5.2 -1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 17.0 33 7 7.0 +0.9
FTHF First Trust Emerging Markets Human Flourishing ETF 16.8 75 -35 7.5 +1.3
PIN Invesco India ETF 16.6 78 -38 4.6 -1.5
INDA iShares MSCI India ETF 16.6 65 -25 4.1 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 16.1 50 -10 9.4 +3.2
EEMO Invesco S&P Emerging Markets Momentum ETF 15.7 29 11 7.0 +0.8
EMC Global X Emerging Markets Great Consumer ETF 15.7 75 -35 7.0 +0.8
CGXU Capital Group International Focus Equity ETF 14.8 54 -14 4.7 -1.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.7 35 5 11.9 +5.7
KNCT Invesco Next Gen Connectivity ETF 14.6 40 0 3.9 -2.2
XC WisdomTree Emerging Markets Ex-China Fund 14.4 32 8 5.5 -0.7
EPI WisdomTree India Earnings Fund 13.8 85 -45 4.4 -1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.6 42 -2 5.5 -0.6
NFTY First Trust India NIFTY 50 Equal Weight ETF 13.5 80 -40 4.4 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 13.3 34 6 6.5 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.2 41 -1 6.4 +0.3
JIG JPMorgan International Growth ETF 13.2 55 -15 4.0 -2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.1 18 22 6.5 +0.4
INDY iShares India 50 ETF 13.0 89 -49 5.0 -1.2
VSGX Vanguard ESG International Stock ETF 12.8 10 30 6.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 12.3 4 36 6.9 +0.7
IXUS iShares Core MSCI Total International Stock ETF 11.6 7 33 6.7 +0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 11.5 49 -9 8.7 +2.6
VXUS Vanguard Total International Stock ETF 11.5 5 35 6.8 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 11.1 60 -20 8.8 +2.7
AIQ Global X Artificial Intelligence & Technology ETF 11.0 68 -28 2.9 -3.3
MCHI iShares MSCI China ETF 10.8 59 -19 15.4 +9.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 10.8 45 -5 9.5 +3.3
DEM WisdomTree Emerging Markets High Dividend Fund 10.6 63 -23 12.0 +5.9
FLCH Franklin FTSE China ETF 10.5 19 21 14.2 +8.1
GXC SPDR S & P China ETF 10.4 59 -19 14.5 +8.3
ACWV iShares MSCI Global Min Vol Factor ETF 10.2 20 20 5.3 -0.8
CHAT Roundhill Generative AI & Technology ETF 10.1 75 -35 6.3 +0.1
IQDF FlexShares International Quality Dividend Index Fund 10.0 47 -7 7.7 +1.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 9.8 33 7 6.9 +0.8
FRDM Freedom 100 Emerging Markets ETF 9.7 49 -9 5.9 -0.2
FXI iShares China Large-Cap ETF 9.7 74 -34 16.0 +9.9
IXN iShares Global Tech ETF 9.6 41 -1 2.8 -3.3
DFEV Dimensional Emerging Markets Value ETF 9.4 43 -3 10.6 +4.4
DVYE iShares Emerging Markets Dividend ETF 9.3 49 -9 17.0 +10.9
JCHI JPMorgan Active China ETF 8.9 65 -25 13.0 +6.8
CGRO CoreValues Alpha Greater China Growth ETF 8.9 75 -35 2.9 -3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.8 47 -7 7.0 +0.9
NXTG First Trust Indxx NextG ETF 8.7 70 -30 4.4 -1.7
FMET Fidelity Metaverse ETF 8.5 39 1 4.3 -1.9
AIVC Amplify Bloomberg AI Value Chain ETF 7.9 59 -19 4.4 -1.8
FLKR Franklin FTSE South Korea ETF 7.8 9 31 5.7 -0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.6 65 -25 7.1 +1.0
EWY iShares MSCI South Korea ETF 7.6 58 -18 4.9 -1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.1 86 -46 11.7 +5.6
CWI SPDR MSCI ACWI ex-US ETF 6.8 30 10 6.5 +0.3
DOL WisdomTree International LargeCap Dividend Fund 6.7 48 -8 6.1 0.0
FBOT Fidelity Disruptive Automation ETF 6.5 50 -10 2.8 -3.4
CLNR IQ Cleaner Transport ETF 6.5 45 -5 4.9 -1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.4 90 -50 4.5 -1.6
INCO Columbia India Consumer ETF 6.4 75 -35 1.5 -4.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.4 30 10 6.6 +0.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.4 80 -40 8.5 +2.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 6.4 32 8 11.2 +5.1
MCH Matthews China Active ETF 6.3 79 -39 12.6 +6.4
NDIA Global X India Active ETF 6.3 75 -35 4.8 -1.3
FDNI First Trust Dow Jones International Internet ETF 6.2 65 -25 18.5 +12.4
UMMA Wahed Dow Jones Islamic World ETF 5.9 65 -25 3.9 -2.3
AVES Avantis Emerging Markets Value ETF 5.9 36 4 9.6 +3.4
ESPO VanEck Video Gaming and eSports ETF 5.8 56 -16 4.9 -1.3
ODDS Pacer BlueStar Digital Entertainment ETF 5.8 60 -20 2.8 -3.4
WRND IQ Global Equity R&D Leaders ETF 5.7 18 22 6.6 +0.4
VPL Vanguard FTSE Pacific ETF 5.6 7 33 5.8 -0.4
METV Roundhill Ball Metaverse ETF 5.6 59 -19 7.6 +1.4
IMFL Invesco International Developed Dynamic Multifactor ETF 5.6 34 6 5.1 -1.1
MOTI VanEck Morningstar International Moat ETF 5.6 58 -18 9.2 +3.0
KWEB KraneShares CSI China Internet ETF 5.6 69 -29 22.1 +16.0
CQQQ Invesco China Technology ETF 5.4 70 -30 12.3 +6.2
SOCL Global X Social Media ETF 5.3 65 -25 9.0 +2.8
DWX SPDR S&P International Dividend ETF 5.2 45 -5 6.8 +0.7
VIDI Vident International Equity Strategy ETF 5.2 61 -21 9.3 +3.2
BNGE First Trust S-Network Streaming and Gaming ETF 5.2 70 -30 2.4 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.1 20 20 4.8 -1.4
EWM iShares MSCI Malaysia ETF 5.1 50 -10 5.9 -0.3
AGQI First Trust Active Global Quality Income ETF 5.1 85 -45 4.6 -1.6
OAIM OneAscent International Equity ETF 5.1 95 -55 4.6 -1.5
GLIN VanEck India Growth Leaders ETF 5.1 77 -37 4.9 -1.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.1 75 -35 3.0 -3.2
KLMT Invesco MSCI Global Climate 500 ETF 5.1 10 30 4.9 -1.2
VYMI Vanguard International High Dividend Yield ETF 5.0 17 23 8.3 +2.1
KTEC KraneShares Hang Seng TECH Index ETF 5.0 69 -29 16.9 +10.7
IXP iShares Global Comm Services ETF 5.0 42 -2 5.2 -0.9
IVRS iShares Future Metaverse Tech and Communications ETF 5.0 47 -7 3.0 -3.1
ARTY iShares Future AI & Tech ETF 4.8 47 -7 2.9 -3.3
ACWI iShares MSCI ACWI ETF 4.8 32 8 4.7 -1.4
DINT Davis Select International ETF 4.8 55 -15 6.7 +0.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.7 60 -20 7.5 +1.4
DWLD Davis Select Worldwide ETF 4.7 63 -23 6.3 +0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.6 78 -38 8.6 +2.4
RGEF Rockefeller Global Equity ETF 4.6 55 -15 3.9 -2.2
MOTG VanEck Morningstar Global Wide Moat ETF 4.6 52 -12 8.6 +2.5
ISHP First Trust Nasdaq Retail ETF 4.5 60 -20 5.0 -1.2
ASEA Global X FTSE Southeast Asia ETF 4.5 65 -25 5.6 -0.6
SCHY Schwab International Dividend Equity ETF 4.5 14 26 8.8 +2.7
FDCF Fidelity Disruptive Communications ETF 4.4 50 -10 3.3 -2.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.4 67 -27 13.6 +7.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.4 70 -30 11.8 +5.6
OGIG ALPS O'Shares Global Internet Giants ETF 4.3 48 -8 1.8 -4.3
EYLD Cambria Emerging Shareholder Yield ETF 4.3 66 -26 10.7 +4.5
VT Vanguard Total World Stock ETF 4.3 6 34 5.1 -1.1
EBIZ Global X E-Commerce ETF 4.3 50 -10 3.3 -2.9
TCHI iShares MSCI China Multisector Tech ETF 4.2 59 -19 14.9 +8.8
EMM Global X Emerging Markets ex-China ETF 4.2 75 -35 5.6 -0.5
IGRO iShares International Dividend Growth ETF 4.1 15 25 6.3 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 4.1 25 15 8.2 +2.1
IBLC iShares Blockchain and Tech ETF 4.1 47 -7 -1.4 -7.6
JSTC Adasina Social Justice All Cap Global ETF 3.9 89 -49 4.2 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.9 12 28 4.3 -1.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.8 60 -20 9.9 +3.7
QAT iShares MSCI Qatar ETF 3.8 59 -19 35.0 +28.9
PGJ Invesco Golden Dragon China ETF 3.7 70 -30 12.4 +6.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.6 45 -5 2.1 -4.1
ONLN ProShares Online Retail ETF 3.6 58 -18 1.9 -4.3
FEGE First Eagle Global Equity ETF 3.6 79 -39 5.6 -0.5
FEOE First Eagle Overseas Equity ETF 3.6 79 -39 6.0 -0.1
FEM First Trust Emerging Markets AlphaDEX Fund 3.5 80 -40 10.3 +4.1
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 20 6.0 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.5 45 -5 7.5 +1.4
FLSA Franklin FTSE Saudi Arabia ETF 3.5 39 1 0.0 -6.1
JGLO JPMorgan Global Select Equity ETF 3.4 33 7 4.3 -1.8
FLBR Franklin FTSE Brazil ETF 3.4 19 21 13.6 +7.5
APIE ActivePassive International Equity ETF 3.3 45 -5 6.4 +0.3
DGT State Street SPDR Global Dow ETF 3.3 50 -10 6.0 -0.2
SCHF Schwab International Equity ETF 3.2 6 34 6.2 +0.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.2 70 -30 3.4 -2.8
GKAT Scharf Global Opportunity ETF 3.2 57 -17 5.4 -0.7
KSA iShares MSCI Saudi Arabia ETF 3.1 74 -34 0.0 -6.1
FLLA Franklin FTSE Latin America ETF 3.1 19 21 11.7 +5.5
TIIV AAM Todd International Intrinsic Value ETF 3.1 54 -14 9.9 +3.8
EWZ iShares MSCI Brazil ETF 3.1 58 -18 11.9 +5.8
CGGO Capital Group Global Growth Equity ETF 3.1 47 -7 3.8 -2.4
DGIN VanEck Digital India ETF 3.1 71 -31 1.2 -4.9
VEA Vanguard FTSE Developed Markets ETF 3.0 3 37 6.1 -0.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.0 80 -40 7.4 +1.3
PNQI Invesco NASDAQ Internet ETF 2.9 60 -20 3.0 -3.2
IVES Wedbush ETFMG Global Cloud Technology ETF 2.9 68 -28 4.8 -1.3
LOGO Alpha Brands Consumption Leaders ETF 2.9 69 -29 2.5 -3.7
GLOF iShares Global Equity Factor ETF 2.9 20 20 5.9 -0.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.8 65 -25 1.6 -4.6
XT iShares Exponential Technologies ETF 2.8 46 -6 4.2 -2.0
FLN First Trust Latin America AlphaDEX Fund 2.8 80 -40 10.2 +4.1
BINV Brandes International ETF 2.7 70 -30 8.2 +2.1
XNTK State Street SPDR NYSE Technology ETF 2.7 35 5 2.8 -3.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.6 75 -35 2.3 -3.8
IOO iShares Global 100 ETF 2.6 41 -1 3.9 -2.3
ARVR First Trust Indxx Metaverse ETF 2.5 70 -30 3.4 -2.7
SDIV Global X Superdividend ETF 2.5 58 -18 15.5 +9.4
BUYZ Franklin Disruptive Commerce ETF 2.4 50 -10 2.0 -4.2
UAE iShares MSCI UAE ETF 2.3 59 -19 0.0 -6.1
UIVM VictoryShares International Value Momentum ETF 2.2 35 5 7.6 +1.4
XDAT Franklin Exponential Data ETF 2.2 50 -10 1.9 -4.2
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 -5 4.6 -1.6
IGPT Invesco AI and Next Gen Software ETF 2.1 60 -20 3.3 -2.9
CHPX Global X AI Semiconductor & Quantum ETF 2.1 50 -10 2.6 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 2.1 37 3 7.3 +1.1
TTAI FCF International Quality ETF 2.0 59 -19 6.5 +0.3
YNOT Horizon Digital Frontier ETF 2.0 75 -35 2.5 -3.7
FCA First Trust China AlphaDEX Fund 2.0 80 -40 8.6 +2.4
WWJD Inspire International ETF 2.0 80 -40 6.4 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.9 47 -7 5.8 -0.4
EPHE iShares MSCI Philippines ETF 1.9 59 -19 0.0 -6.1
GEW Cambria Global EW ETF 1.9 29 11 5.3 -0.8
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 -5 2.6 -3.5
AADR AdvisorShares Dorsey Wright ADR ETF 1.9 110 -70 4.0 -2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 31 4.9 -1.3
IXG iShares Global Financials ETF 1.8 42 -2 5.8 -0.3
GSIB Themes Global Systemically Important Banks ETF 1.8 35 5 8.3 +2.1
QTUM Defiance Quantum ETF 1.8 40 0 4.3 -1.9
IDHQ Invesco S&P International Developed High Quality ETF 1.7 29 11 5.3 -0.8
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 -10 3.1 -3.0
AIS VistaShares Artificial Intelligence Supercycle ETF 1.7 75 -35 2.0 -4.2
ICPY Tweedy, Browne International Insider Value ETF 1.7 80 -40 10.1 +3.9
DARP Grizzle Growth ETF 1.7 75 -35 2.1 -4.1
GINN Goldman Sachs Innovate Equity ETF 1.7 52 -12 3.2 -3.0
THD iShares MSCI Thailand ETF 1.6 58 -18 0.0 -6.1
EMIF iShares Emerging Markets Infrastructure ETF 1.6 60 -20 3.1 -3.0
WUGI AXS Esoterica NextG Economy ETF 1.6 75 -35 2.3 -3.9
CGV Conductor Global Equity Value ETF 1.6 130 -90 6.9 +0.8
CHIQ Global X MSCI China Consumer Discretionary ETF 1.5 65 -25 11.1 +5.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.5 86 -46 0.4 -5.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.5 46 -6 8.5 +2.4
DEW WisdomTree Global High Dividend Fund 1.5 58 -18 7.6 +1.5
BWEB Bitwise Web3 ETF 1.4 85 -45 -0.1 -6.2
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 37 6.0 -0.1
OBOR KraneShares MSCI One Belt One Road Index ETF 1.4 79 -39 7.2 +1.1
HERO Global X Video Games & Esports ETF 1.4 50 -10 4.2 -1.9
NERD Roundhill Video Games ETF 1.4 50 -10 6.2 +0.1
COPY Tweedy, Browne Insider + Value ETF 1.4 80 -40 10.3 +4.2
FFND Future Fund Active ETF 1.4 100 -60 3.1 -3.0
CIL VictoryShares International Volatility Wtd ETF 1.3 45 -5 5.8 -0.4
INQQ India Internet & Ecommerce ETF 1.3 86 -46 1.2 -5.0
DSTX Distillate International Fundamental Stability & Value ETF 1.3 55 -15 6.7 +0.6
IBUY Amplify Online Retail ETF 1.3 65 -25 1.3 -4.9
VIGI Vanguard International Dividend Appreciation ETF 1.3 10 30 5.7 -0.5
GVAL Cambria Global Value ETF 1.3 68 -28 9.4 +3.3
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -35 4.4 -1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -21 1.8 -4.4
GPT Intelligent Alpha Atlas ETF 1.2 69 -29 4.9 -1.3
GURU Global X Guru Index ETF 1.2 75 -35 2.4 -3.7
TPIF Timothy Plan International ETF 1.2 62 -22 5.4 -0.7
TUR iShares MSCI Turkey ETF 1.2 58 -18 12.1 +6.0
FDLS Inspire Fidelis Multi Factor ETF 1.2 76 -36 4.1 -2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -9 4.8 -1.4
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 -30 7.6 +1.5
ARKF ARK Fintech Innovation ETF 1.2 75 -35 0.1 -6.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.2 68 -28 5.8 -0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -16 10.1 +4.0
BLES Inspire Global Hope ETF 1.1 61 -21 6.1 -0.1
OND ProShares On-Demand ETF 1.1 58 -18 -0.6 -6.7
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 -20 7.3 +1.2
WDIV SPDR S&P Global Dividend ETF 1.1 40 0 8.4 +2.2
TIME Clockwise Core Equity & Innovation ETF 1.1 95 -55 3.2 -2.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 16 6.4 +0.3
MOO VanEck Agribusiness ETF 1.1 53 -13 9.8 +3.6
FDTX Fidelity Disruptive Technology ETF 1.0 50 -10 2.1 -4.1
CGIE Capital Group International Equity ETF 1.0 54 -14 4.2 -1.9
KAT Scharf ETF 0.8 87 -47 4.6 -1.6
ARKW ARK Next Generation Internet ETF 0.8 87 -47 0.7 -5.5
FPXI First Trust International Equity Opportunities ETF 0.8 70 -30 3.5 -2.6
SHPP Pacer Industrials and Logistics ETF 0.8 60 -20 7.6 +1.4
CGGR Capital Group Growth ETF 0.8 39 1 2.7 -3.5
RXI iShares Global Consumer Discretionary ETF 0.8 41 -1 7.0 +0.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.8 20 20 3.7 -2.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.8 15 25 3.9 -2.3
ARKK ARK Innovation ETF 0.7 75 -35 -2.8 -9.0
EBLU Ecofin Global Water ESG Fund 0.7 40 0 4.3 -1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.7 59 -19 3.7 -2.4
AQWA Global X Clean Water ETF 0.7 50 -10 4.6 -1.6
TBLU Tortoise Global Water ESG ETF 0.7 40 0 4.2 -1.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 -7 4.8 -1.3
IGF iShares Global Infrastructure ETF 0.7 41 -1 4.5 -1.7
GII SPDR S&P Global Infrastructure ETF 0.7 40 0 4.5 -1.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 -15 4.2 -1.9
OTGL OTG Latin America ETF 0.7 269 -229 7.2 +1.0
CVY Invesco Zacks Multi-Asset Income ETF 0.6 106 -66 10.3 +4.2
VICE AdvisorShares Vice ETF 0.6 99 -59 6.0 -0.1
ABLG Abacus FCF International Leaders ETF 0.6 59 -19 5.7 -0.5
POW VistaShares Electrification Supercycle ETF 0.6 75 -35 3.0 -3.1
GINX SGI Enhanced Global Income ETF 0.6 98 -58 7.0 +0.9
ICLN iShares Global Clean Energy ETF 0.6 41 -1 2.9 -3.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 1 7.6 +1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.6 35 5 3.6 -2.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.6 58 -18 3.9 -2.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.6 57 -17 3.3 -2.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.6 20 20 4.2 -2.0
CDIG City Different Investments Global Equity ETF 0.6 75 -35 0.4 -5.7
ROBO ROBO Global Robotics & Automation Index ETF 0.6 95 -55 2.7 -3.5
SHLD Global X Defense Tech ETF 0.6 50 -10 2.3 -3.8
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 -19 4.4 -1.7
ILF iShares Latin America 40 ETF 0.6 48 -8 10.6 +4.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -30 6.6 +0.5
DVYA iShares Asia/Pacific Dividend ETF 0.5 49 -9 6.9 +0.8
AGNG Global X Aging Population ETF 0.5 50 -10 3.9 -2.2
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -32 6.7 +0.6
JHDV John Hancock U.S. High Dividend ETF 0.5 34 6 6.0 -0.2
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -41 4.6 -1.6
IQRA IQ CBRE Real Assets ETF 0.5 65 -25 5.4 -0.7
CGDG Capital Group Dividend Growers ETF 0.5 47 -7 5.4 -0.8
RCGE RockCreek Global Equality ETF 0.5 95 -55 6.0 -0.1
QQQ Invesco QQQ Trust Series I 0.5 20 20 3.3 -2.8
QQQM Invesco NASDAQ 100 ETF 0.5 15 25 3.4 -2.8
OCEN IQ Clean Oceans ETF 0.5 45 -5 5.0 -1.1
DFNL Davis Select Financial ETF 0.5 63 -23 6.5 +0.3
JGRO JPMorgan Active Growth ETF 0.5 44 -4 2.8 -3.3
CRAK VanEck Oil Refiners ETF 0.5 61 -21 11.2 +5.0
SUPL ProShares Supply Chain Logistics ETF 0.4 58 -18 9.3 +3.1
CLOU Global X Cloud Computing ETF 0.4 68 -28 2.5 -3.7
NUKZ Range Nuclear Renaissance Index ETF 0.4 85 -45 1.0 -5.2
TRFM AAM Transformers ETF 0.4 49 -9 1.0 -5.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 20 2.6 -3.5
HELX Franklin Genomic Advancements ETF 0.4 50 -10 -0.4 -6.5
SNSR Global X Internet of Things ETF 0.4 68 -28 4.2 -2.0
FLMX Franklin FTSE Mexico ETF 0.4 19 21 8.8 +2.7
EWW iShares MSCI Mexico ETF 0.4 50 -10 8.2 +2.0
INTF iShares International Equity Factor ETF 0.4 15 25 6.6 +0.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -22 3.1 -3.0
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -20 4.2 -1.9
NATO Themes Transatlantic Defense ETF 0.3 35 5 1.6 -4.5
QINT American Century Quality Diversified International ETF 0.3 39 1 6.2 +0.0
PBD Invesco Global Clean Energy ETF 0.3 75 -35 0.7 -5.5
IBAT iShares Energy Storage & Materials ETF 0.3 47 -7 2.5 -3.7
IXJ iShares Global Healthcare ETF 0.3 42 -2 5.7 -0.5
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 20 3.3 -2.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 1 5.3 -0.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 19 3.1 -3.1
PID Invesco International Dividend Achievers ETF 0.3 53 -13 4.8 -1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -9 6.2 +0.0
FCLD Fidelity Cloud Computing ETF 0.3 39 1 2.8 -3.3
BMED Future Health ETF 0.2 85 -45 0.2 -6.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 1 9.0 +2.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -25 9.8 +3.7
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 15 5.1 -1.0
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 31 6.2 +0.1
BKIE BNY Mellon International Equity ETF 0.2 4 36 6.0 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 4 5.8 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 -6 5.9 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 -5 6.0 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 26 5.5 -0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -18 5.8 -0.4
FDEV Fidelity International Multifactor ETF 0.2 18 22 6.6 +0.5
FIVA Fidelity International Value Factor ETF 0.2 18 22 8.1 +1.9
FLEE Franklin FTSE Europe ETF 0.2 9 31 6.3 +0.1
FPAG FPA Global Equity ETF 0.2 49 -9 4.9 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 15 6.4 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 20 5.8 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -18 5.8 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 -2 6.0 -0.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 1 6.5 +0.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 20 5.6 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 9 5.8 -0.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 16 6.3 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 31 6.9 +0.8
OSEA Harbor International Compounders ETF 0.2 55 -15 4.3 -1.9
FENI Fidelity Enhanced International ETF 0.2 28 12 5.6 -0.5
PPIE Putnam PanAgora ESG International Equity ETF 0.2 49 -9 6.9 +0.8
OEFA ALPS O’Shares International Developed Quality Dividend ETF 0.2 48 -8 4.6 -1.5
FEP First Trust Europe AlphaDEX Fund 0.2 80 -40 6.9 +0.8
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -40 6.5 +0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -30 3.3 -2.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 5 5.8 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 28 5.0 -1.2
EFA iShares MSCI EAFE ETF 0.2 35 5 5.8 -0.4
EFG iShares MSCI EAFE Growth ETF 0.2 36 4 3.6 -2.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 20 5.7 -0.4
EWN iShares MSCI Netherlands ETF 0.2 50 -10 4.7 -1.5
EZU iShares MSCI Eurozone ETF 0.2 52 -12 5.7 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 36 6.1 -0.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 33 6.1 -0.0
IEUR iShares Core MSCI Europe ETF 0.2 11 29 6.3 +0.2
IEV iShares Europe ETF 0.2 67 -27 5.8 -0.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 10 4.7 -1.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 28 5.2 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 20 5.4 -0.7
FEZ SPDR EURO STOXX 50 ETF 0.2 29 11 5.6 -0.6
SPEU SPDR Portfolio Europe ETF 0.2 7 33 6.3 +0.2
CLOD Themes Cloud Computing ETF 0.2 35 5 2.9 -3.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.2 65 -25 4.0 -2.1
STXI Strive International Developed Markets ETF 0.2 29 11 5.7 -0.5
VGK Vanguard FTSE Europe ETF 0.2 6 34 6.4 +0.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 -5 1.6 -4.5
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -18 6.5 +0.3
HAP VanEck Natural Resources ETF 0.2 50 -10 7.9 +1.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 -6 5.5 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 15 6.2 +0.1
GDX VanEck Gold Miners ETF 0.2 51 -11 2.6 -3.6
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -12 2.4 -3.7
SLVP iShares MSCI Global Silver Miners ETF 0.2 39 1 3.3 -2.8
AUMI Themes Gold Miners ETF 0.2 35 5 2.6 -3.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 0 6.4 +0.3
DWM WisdomTree International Equity Fund 0.2 48 -8 6.4 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 1 6.8 +0.7
AVSD Avantis Responsible International Equity ETF 0.2 23 17 4.7 -1.5
AVDE Avantis International Equity ETF 0.1 23 17 6.4 +0.2
DTH WisdomTree International High Dividend Fund 0.1 58 -18 7.5 +1.3
LIVR Intelligent Livermore ETF 0.1 69 -29 3.0 -3.1
TMAT Main Thematic Innovation ETF 0.1 164 -124 -1.5 -7.7
RTH VanEck Retail ETF 0.1 35 5 4.5 -1.7
TOK iShares MSCI Kokusai ETF 0.1 26 14 4.3 -1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -2 4.7 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 31 4.5 -1.6
URTH iShares MSCI World ETF 0.1 24 16 4.4 -1.8
VYM Vanguard High Dividend Yield Index ETF 0.1 6 34 6.3 +0.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 -15 5.9 -0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -18 8.6 +2.5
AVRE Avantis Real Estate ETF 0.1 17 23 7.0 +0.9
DFGR Dimensional Global Real Estate ETF 0.1 22 18 7.5 +1.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -30 6.9 +0.7
REET iShares Global REIT ETF 0.1 14 26 7.3 +1.1
SMIN iShares MSCI India Small Cap ETF 0.1 79 -39 3.4 -2.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 28 8.0 +1.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 31 4.1 -2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 10 6.0 -0.1
CGW Invesco S&P Global Water Index ETF 0.0 57 -17 4.2 -1.9
PIO Invesco Global Water ETF 0.0 75 -35 3.8 -2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 -2 8.6 +2.5
ECH iShares MSCI Chile ETF 0.0 58 -18 6.2 +0.0
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 1 8.3 +2.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 1 5.9 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 10 5.1 -1.0
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -19 2.2 -4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 32 6.5 +0.4

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

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 FlexShares Emerging Markets Quality Low Volatility Index Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.54
 
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.