FlexShares Emerging Markets Quality Low Volatility Index Fund
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.1x P/Sales
ratio		 1.7x
P/BV
ratio		 1.7x Div.
yield		 3.6%


  • 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) $12
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 192
Wgt avg mkt cap (mns) $105,813
Large cap (>$10bn) 64.3%
Mid cap ($2-10bn) 35.3%
Small cap (<$2bn) 0.0%
Developed mkts 1.6%
Emerging mkts 98.4%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 7.3 %
SAMSUNG ELECTRONICS CO LTD 3.0 %
TENCENT HOLDINGS LTD 2.8 %
TATA CONSULTANCY SVS LTD 2.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.5 %
CHINA CONSTRUCTION BANK-H 1.9 %
HCL TECHNOLOGIES LTD 1.3 %
HINDUSTAN UNILEVER LIMITED 1.3 %
POWER GRID CORP OF INDIA LTD 1.2 %
BANK OF CHINA LTD - H 1.1 %
Total 25.2 %

TOP COUNTRY EXPOSURE
INDIA 20.9 %
CHINA 19.1 %
TAIWAN 16.0 %
SOUTH KOREA 8.2 %
SAUDI ARABIA 7.6 %
UAE 5.1 %
MALAYSIA 5.0 %
QATAR 3.9 %
KUWAIT 2.8 %
THAILAND 2.5 %

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.
2.5% 10.2% -- -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.48 45%
MSCI EAFE 0.60 64%
MSCI Emg. Mkts. 0.69 92%

Technical Indicators
Recent close $23.96
30d moving avg. $22.54
Annualized volatility 12.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 15
Turnover 3.0%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $8,963

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 389 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™: 7.1%


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 43.5 25 15 7.0 -0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 36.1 30 10 8.5 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 32.8 45 -5 8.6 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 32.5 49 -9 8.3 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 31.5 25 15 8.7 +1.5
EEM iShares MSCI Emerging Markets ETF 31.2 69 -29 7.0 -0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 31.1 66 -26 7.2 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 30.9 11 29 7.7 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 30.7 36 4 7.5 +0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 30.3 15 25 7.1 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 30.1 30 10 7.5 +0.4
ESGE iShares ESG Aware MSCI EM ETF 29.8 25 15 7.7 +0.6
EEMA iShares MSCI Emerging Markets Asia ETF 29.2 49 -9 6.7 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 29.1 9 31 7.5 +0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 28.8 48 -8 9.4 +2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 28.8 32 8 7.6 +0.4
SCHE Schwab Emerging Markets Equity ETF 28.3 11 29 7.6 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.2 70 -30 6.3 -0.8
DEHP Dimensional Emerging Markets High Profitability ETF 28.0 41 -1 7.3 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 28.0 19 21 7.2 +0.0
DFAE Dimensional Emerging Core Equity Market ETF 28.0 35 5 7.7 +0.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 27.8 18 22 7.9 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 27.5 25 15 6.7 -0.5
STXE Strive Emerging Markets Ex-China ETF 26.4 32 8 6.9 -0.2
VWO Vanguard FTSE Emerging Markets ETF 26.2 8 32 7.6 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 25.9 20 20 7.5 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.9 24 16 7.1 +0.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 25.7 29 11 8.3 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 25.3 17 23 7.7 +0.6
EMXF iShares ESG Advanced MSCI EM ETF 25.2 16 24 7.4 +0.3
FDEM Fidelity Emerging Markets Multifactor ETF 24.8 25 15 11.9 +4.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 24.6 33 7 7.2 +0.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.4 39 1 12.5 +5.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.4 95 -55 11.4 +4.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 23.3 38 2 8.2 +1.1
XC WisdomTree Emerging Markets Ex-China Fund 23.1 32 8 6.2 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 23.1 7 33 7.5 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 23.0 49 -9 12.4 +5.3
NUEM Nuveen ESG Emerging Markets Equity ETF 22.9 36 4 6.8 -0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.0 41 -1 7.8 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.7 50 -10 10.5 +3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 21.4 32 8 6.3 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.2 44 -4 10.3 +3.2
ROAM Hartford Multifactor Emerging Markets ETF 20.9 44 -4 11.7 +4.6
XCEM Columbia EM Core ex-China ETF 20.5 16 24 7.4 +0.2
BKF iShares MSCI BIC ETF 20.1 69 -29 7.1 -0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.8 59 -19 9.6 +2.4
RNEM First Trust Emerging Markets Equity Select ETF 19.7 75 -35 8.2 +1.1
EDIV SPDR S&P Emerging Markets Dividend ETF 18.9 49 -9 10.9 +3.8
AIA iShares Asia 50 ETF 18.7 50 -10 6.9 -0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 18.1 75 -35 9.6 +2.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 17.9 88 -48 6.2 -0.9
GMF SPDR S&P Emerging Asia Pacific ETF 17.8 49 -9 6.4 -0.8
PIN Invesco India ETF 17.2 78 -38 3.8 -3.4
FLIN Franklin FTSE India ETF 17.2 19 21 5.2 -1.9
INDA iShares MSCI India ETF 17.1 65 -25 3.7 -3.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 16.4 80 -40 6.1 -1.0
INDY iShares India 50 ETF 16.2 89 -49 3.7 -3.4
MINV Matthews Asia Innovators Active ETF 15.4 79 -39 2.8 -4.3
ECON Columbia Emerging Markets Consumer ETF 15.4 49 -9 4.8 -2.4
EWT iShares MSCI Taiwan ETF 15.1 58 -18 5.7 -1.4
DEM WisdomTree Emerging Markets High Dividend Fund 15.1 63 -23 12.9 +5.8
EPI WisdomTree India Earnings Fund 14.8 85 -45 6.6 -0.5
AVEM Avantis Emerging Markets Equity ETF 14.5 33 7 9.1 +2.0
FLTW Franklin FTSE Taiwan ETF 13.4 19 21 6.0 -1.1
MEM Matthews Emerging Markets Equity Active ETF 12.3 79 -39 5.7 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 12.0 20 20 6.7 -0.4
DFEV Dimensional Emerging Markets Value ETF 11.8 43 -3 10.9 +3.8
EMC Global X Emerging Markets Great Consumer ETF 11.7 75 -35 4.9 -2.3
MCHI iShares MSCI China ETF 11.6 59 -19 8.9 +1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.5 42 -2 6.8 -0.3
FLCH Franklin FTSE China ETF 11.3 19 21 9.6 +2.5
GXC SPDR S&P China ETF 11.3 59 -19 9.0 +1.9
ACWX iShares MSCI ACWI ex U.S. ETF 11.1 34 6 6.7 -0.4
FXI iShares China Large-Cap ETF 11.0 74 -34 9.6 +2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 10.9 29 11 6.2 -1.0
KALL KraneShares MSCI All China Index ETF 10.9 49 -9 9.4 +2.2
RODE Hartford Multifactor Diversified International ETF 10.8 29 11 11.5 +4.4
KNCT Invesco Next Gen Connectivity ETF 10.5 40 0 5.9 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.5 41 -1 6.7 -0.5
DVYE iShares Emerging Markets Dividend ETF 10.3 49 -9 16.6 +9.5
CN Xtrackers MSCI All China Equity ETF 10.1 50 -10 8.7 +1.5
VXUS Vanguard Total International Stock ETF 9.7 7 33 7.1 0.0
IXUS iShares Core MSCI Total International Stock ETF 9.7 7 33 6.9 -0.2
VSGX Vanguard ESG International Stock ETF 9.5 12 28 6.8 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 9.4 8 32 7.2 +0.1
AIQ Global X Artificial Intelligence & Technology ETF 8.6 68 -28 4.2 -3.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.6 45 -5 12.7 +5.6
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 -7 10.7 +3.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 7.9 60 -20 0.9 -6.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 -25 8.4 +1.2
IQDE FlexShares International Quality Dividend Defensive Index ET 7.8 47 -7 10.7 +3.5
NXTG First Trust Indxx NextG ETF 7.7 70 -30 6.0 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 7.7 20 20 10.7 +3.6
FLSA Franklin FTSE Saudi Arabia ETF 7.5 39 1 5.7 -1.4
IWTR iShares MSCI Water Management Multisector ETF 7.3 47 -7 4.8 -2.3
MCH Matthews China Active ETF 7.3 79 -39 6.1 -1.1
AVES Avantis Emerging Markets Value ETF 7.2 36 4 12.1 +4.9
CGRO CoreValues Alpha Greater China Growth ETF 7.0 75 -35 2.6 -4.5
KSA iShares MSCI Saudi Arabia ETF 7.0 74 -34 5.6 -1.6
GBUY Goldman Sachs Future Consumer Equity ETF 7.0 75 -35 3.1 -4.0
GLIN VanEck India Growth Leaders ETF 6.9 77 -37 5.3 -1.8
EWY iShares MSCI South Korea ETF 6.7 58 -18 8.5 +1.4
FCA First Trust China AlphaDEX Fund 6.7 80 -40 17.6 +10.5
FLKR Franklin FTSE South Korea ETF 6.7 9 31 9.4 +2.2
IXN iShares Global Tech ETF 6.6 41 -1 4.3 -2.8
METV Roundhill Ball Metaverse ETF 6.6 59 -19 3.4 -3.8
NDIA Global X India Active ETF 6.5 75 -35 6.5 -0.6
SCHY Schwab International Dividend Equity ETF 6.4 14 26 9.3 +2.1
GGME Invesco Next Gen Media and Gaming ETF 6.3 60 -20 4.1 -3.0
VYMI Vanguard International High Dividend Yield ETF 6.2 22 18 9.7 +2.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.2 67 -27 17.5 +10.4
MOTI VanEck Morningstar International Moat ETF 6.1 58 -18 6.9 -0.2
JCHI JPMorgan Active China ETF 6.0 65 -25 7.9 +0.8
FRDM Freedom 100 Emerging Markets ETF 6.0 49 -9 7.3 +0.2
FMET Fidelity Metaverse ETF 5.9 39 1 4.4 -2.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.8 30 10 7.8 +0.7
CWI SPDR MSCI ACWI ex-US ETF 5.7 30 10 6.8 -0.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.7 49 -9 19.0 +11.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.6 70 -30 11.4 +4.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.5 47 -7 10.3 +3.1
CGXU Capital Group International Focus Equity ETF 5.4 54 -14 4.1 -3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.4 60 -20 10.0 +2.9
INCO Columbia India Consumer ETF 5.1 75 -35 1.6 -5.5
WRND IQ Global Equity R&D Leaders ETF 5.0 18 22 7.2 +0.1
DINT Davis Select International ETF 4.9 55 -15 4.7 -2.4
EWM iShares MSCI Malaysia ETF 4.7 50 -10 5.7 -1.5
DEW WisdomTree Global High Dividend Fund 4.6 58 -18 9.1 +2.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 4.6 61 -21 -4.0 -11.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.4 86 -46 1.9 -5.2
DGIN VanEck Digital India ETF 4.4 71 -31 1.6 -5.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.4 90 -50 7.0 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.3 20 20 5.6 -1.5
FEM First Trust Emerging Markets AlphaDEX Fund 4.2 80 -40 16.3 +9.2
DGT SPDR Global Dow ETF 4.1 50 -10 6.7 -0.5
JIG JPMorgan International Growth ETF 4.1 55 -15 4.3 -2.8
CHAT Roundhill Generative AI & Technology ETF 4.1 75 -35 4.2 -2.9
ACWI iShares MSCI ACWI ETF 4.1 32 8 5.5 -1.7
UMMA Wahed Dow Jones Islamic World ETF 4.0 65 -25 4.3 -2.8
EBIZ Global X E-Commerce ETF 4.0 50 -10 1.2 -6.0
QAT iShares MSCI Qatar ETF 3.9 59 -19 9.3 +2.2
EYLD Cambria Emerging Shareholder Yield ETF 3.9 66 -26 12.1 +5.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.9 78 -38 8.8 +1.7
FDNI First Trust Dow Jones International Internet ETF 3.8 65 -25 2.8 -4.3
VIDI Vident International Equity Strategy ETF 3.7 61 -21 11.9 +4.8
CQQQ Invesco China Technology ETF 3.7 70 -30 -5.7 -12.8
KWEB KraneShares CSI China Internet ETF 3.7 69 -29 -0.7 -7.8
DWX SPDR S&P International Dividend ETF 3.7 45 -5 7.1 -0.0
ESPO VanEck Video Gaming and eSports ETF 3.7 56 -16 4.5 -2.6
SOCL Global X Social Media ETF 3.7 65 -25 -5.8 -12.9
ODDS Pacer BlueStar Digital Entertainment ETF 3.7 60 -20 3.0 -4.1
VPL Vanguard FTSE Pacific ETF 3.6 8 32 7.0 -0.2
EMM Global X Emerging Markets ex-China ETF 3.6 75 -35 3.7 -3.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.6 60 -20 14.7 +7.6
CLNR IQ Cleaner Transport ETF 3.5 45 -5 8.3 +1.1
TCHI iShares MSCI China Multisector Tech ETF 3.5 59 -19 3.0 -4.1
VT Vanguard Total World Stock ETF 3.5 7 33 5.8 -1.3
DWLD Davis Select Worldwide ETF 3.5 63 -23 5.6 -1.5
ISHP First Trust Nasdaq Retail ETF 3.4 60 -20 3.2 -4.0
ASEA Global X FTSE Southeast Asia ETF 3.4 65 -25 6.5 -0.6
IVRS iShares Future Metaverse Tech and Communications ETF 3.3 47 -7 -5.3 -12.4
PGJ Invesco Golden Dragon China ETF 3.3 70 -30 4.9 -2.2
IXP iShares Global Comm Services ETF 3.2 42 -2 5.3 -1.8
OGIG ALPS O'Shares Global Internet Giants ETF 3.2 48 -8 0.5 -6.7
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 -12 5.8 -1.4
XNTK SPDR NYSE Technology ETF 3.1 35 5 4.0 -3.2
ONLN ProShares Online Retail ETF 3.1 58 -18 3.1 -4.1
KTEC KraneShares Hang Seng TECH Index ETF 3.1 69 -29 -3.9 -11.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.0 70 -30 3.5 -3.7
GLOF iShares Global Equity Factor ETF 3.0 20 20 7.1 -0.1
VIGI Vanguard International Dividend Appreciation ETF 3.0 15 25 5.6 -1.6
KOIN Capital Link Global Fintech Leaders ETF 3.0 75 -35 4.6 -2.5
UAE iShares MSCI UAE ETF 2.9 59 -19 9.0 +1.9
ARVR First Trust Indxx Metaverse ETF 2.8 70 -30 2.5 -4.6
MRAD SmartETFs Advertising & Marketing Technology ETF 2.8 68 -28 4.2 -2.9
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -49 4.8 -2.4
TTAI FCF International Quality ETF 2.6 59 -19 7.4 +0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.6 80 -40 10.0 +2.9
PNQI Invesco NASDAQ Internet ETF 2.6 60 -20 2.6 -4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.6 12 28 5.1 -2.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.6 32 8 5.7 -1.5
THD iShares MSCI Thailand ETF 2.5 58 -18 5.8 -1.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.5 47 -7 0.7 -6.5
FNDF Schwab Fundamental International Large Co. Index ETF 2.5 25 15 9.1 +2.0
FID First Trust S&P International Dividend Aristocrats ETF 2.4 60 -20 9.8 +2.7
WDIV SPDR S&P Global Dividend ETF 2.4 40 0 10.2 +3.1
EMFQ Amplify Emerging Markets FinTech ETF 2.3 69 -29 5.4 -1.7
GVAL Cambria Global Value ETF 2.3 68 -28 12.3 +5.2
GINN Goldman Sachs Innovate Equity ETF 2.3 52 -12 2.7 -4.4
IWFH iShares Virtual Work and Life Multisector ETF 2.2 47 -7 -3.5 -10.6
IOO iShares Global 100 ETF 2.2 41 -1 4.8 -2.3
FPXI First Trust International Equity Opportunities ETF 2.2 70 -30 3.6 -3.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.2 68 -28 5.3 -1.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 2.2 61 -21 -13.0 -20.1
DSTX Distillate International Fundamental Stability & Value ETF 2.2 55 -15 8.0 +0.9
XT iShares Exponential Technologies ETF 2.1 46 -6 3.9 -3.3
IGRO iShares International Dividend Growth ETF 2.1 15 25 7.1 -0.1
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 -5 4.6 -2.5
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 -9 5.8 -1.3
EMIF iShares Emerging Markets Infrastructure ETF 1.9 60 -20 4.6 -2.5
LNGG Roundhill Alerian LNG ETF 1.8 65 -25 8.5 +1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.8 20 20 6.8 -0.3
APIE ActivePassive International Equity ETF 1.8 45 -5 7.7 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.8 45 -5 8.5 +1.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.8 56 -16 13.9 +6.8
CGV Conductor Global Equity Value ETF 1.7 130 -90 11.3 +4.2
QTUM Defiance Quantum ETF 1.7 40 0 3.9 -3.2
FILL iShares MSCI Global Energy Producers ETF 1.7 39 1 9.0 +1.9
ANEW ProShares MSCI Transformational Changes ETF 1.7 45 -5 3.3 -3.8
SCHF Schwab International Equity ETF 1.6 6 34 7.0 -0.1
IXG iShares Global Financials ETF 1.6 42 -2 6.8 -0.3
IDX VanEck Indonesia Index ETF 1.6 57 -17 7.9 +0.8
FLBR Franklin FTSE Brazil ETF 1.6 19 21 12.4 +5.3
WWJD Inspire International ETF 1.6 80 -40 7.1 +0.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.6 75 -35 5.2 -1.9
WUGI AXS Esoterica NextG Economy ETF 1.6 75 -35 2.1 -5.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.6 46 -6 8.8 +1.7
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.5 68 -28 8.8 +1.7
FLLA Franklin FTSE Latin America ETF 1.5 19 21 11.7 +4.6
VEA Vanguard FTSE Developed Markets ETF 1.5 5 35 7.0 -0.1
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 3 8.7 +1.6
BWEB Bitwise Web3 ETF 1.4 85 -45 0.9 -6.2
QINT American Century Quality Diversified International ETF 1.4 39 1 7.4 +0.3
KOCG FIS Knights of Columbus Global Belief ETF 1.4 75 -35 5.3 -1.8
SDIV Global X Superdividend ETF 1.3 58 -18 17.6 +10.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 31 5.7 -1.4
TPIF Timothy Plan International ETF 1.3 62 -22 6.7 -0.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -25 1.6 -5.5
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -39 10.3 +3.2
TRFM AAM Transformers ETF 1.3 49 -9 1.2 -5.9
EWZ iShares MSCI Brazil ETF 1.2 58 -18 11.9 +4.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.2 45 -5 1.4 -5.8
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 1 9.2 +2.1
SFYF SoFi Social 50 ETF 1.2 29 11 -2.6 -9.8
CGGO Capital Group Global Growth Equity ETF 1.2 47 -7 4.3 -2.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.1 51 -11 6.8 -0.3
CIL VictoryShares International Volatility Wtd ETF 1.1 45 -5 6.9 -0.3
INDF Nifty India Financials ETF 1.1 75 -35 6.0 -1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 16 8.6 +1.5
BLOK Amplify Transformational Data Sharing ETF 1.0 75 -35 1.1 -6.0
FTRI First Trust Indxx Global Natural Resources Income ETF 1.0 70 -30 10.6 +3.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 -7 5.9 -1.2
FBZ First Trust Brazil AlphaDEX Fund 0.9 80 -40 11.9 +4.8
FM iShares Frontier and Select EM ETF 0.9 80 -40 9.5 +2.4
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -40 11.1 +4.0
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -10 2.1 -5.1
EIDO iShares MSCI Indonesia ETF 0.9 59 -19 7.6 +0.5
CHIQ Global X MSCI China Consumer Discretionary ETF 0.9 65 -25 5.3 -1.8
IBUY Amplify Online Retail ETF 0.9 65 -25 1.8 -5.3
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 -30 9.1 +2.0
UIVM VictoryShares International Value Momentum ETF 0.9 35 5 10.7 +3.5
BLES Inspire Global Hope ETF 0.9 61 -21 6.3 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.8 58 -18 10.1 +3.0
MVPS Amplify Thematic All-Stars ETF 0.8 49 -9 1.7 -5.5
HERO Global X Video Games & Esports ETF 0.8 50 -10 5.1 -2.0
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.8 20 20 5.4 -1.7
QQQN VictoryShares Nasdaq Next 50 ETF 0.8 18 22 4.5 -2.6
VICE AdvisorShares Vice ETF 0.8 99 -59 7.5 +0.4
VERS ProShares Metaverse ETF 0.8 58 -18 -8.3 -15.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.8 15 25 4.7 -2.4
CVAR Cultivar ETF 0.8 87 -47 6.9 -0.2
GLIF AGF Global Infrastructure ETF 0.8 45 -5 5.5 -1.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 20 2.1 -5.0
AFK VanEck Africa Index ETF 0.7 98 -58 10.0 +2.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.7 86 -46 1.9 -5.2
INQQ India Internet & Ecommerce ETF 0.7 86 -46 10.8 +3.7
BLLD JPMorgan Sustainable Infrastructure ETF 0.7 49 -9 6.2 -0.9
EWZS iShares MSCI Brazil Small-Cap ETF 0.7 59 -19 8.2 +1.1
KURE KraneShares MSCI All China Health Care Index ETF 0.7 65 -25 3.6 -3.5
FPAG FPA Global Equity ETF 0.7 49 -9 5.7 -1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.6 34 6 10.6 +3.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.6 57 -17 3.8 -3.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.6 35 5 4.8 -2.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.6 58 -18 4.8 -2.3
URA Global X Uranium ETF 0.6 69 -29 3.9 -3.3
CGUS Capital Group Core Equity ETF 0.6 33 7 4.7 -2.4
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.6 69 -29 0.0 -7.1
QQQ Invesco QQQ Trust Series I 0.6 20 20 4.6 -2.5
QQQM Invesco NASDAQ 100 ETF 0.6 15 25 4.7 -2.4
IGF iShares Global Infrastructure ETF 0.6 41 -1 5.0 -2.2
GII SPDR S&P Global Infrastructure ETF 0.6 40 0 5.0 -2.2
OSEA Harbor International Compounders ETF 0.5 55 -15 3.7 -3.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.5 45 -5 6.2 -0.9
IPKW Invesco International BuyBack Achievers ETF 0.5 55 -15 9.1 +2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -40 11.0 +3.9
EPHE iShares MSCI Philippines ETF 0.5 59 -19 8.9 +1.8
IQRA IQ CBRE Real Assets ETF 0.5 65 -25 5.9 -1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -18 4.6 -2.6
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -22 3.7 -3.5
HART IQ Healthy Hearts ETF 0.5 45 -5 5.3 -1.8
FBCG Fidelity Blue Chip Growth ETF 0.4 59 -19 2.6 -4.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.4 75 -35 3.2 -4.0
SNSR Global X Internet of Things ETF 0.4 68 -28 4.3 -2.8
IDAT iShares Future Cloud 5G and Tech ETF 0.4 47 -7 4.5 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 1 11.0 +3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -40 10.8 +3.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 19 3.9 -3.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -40 14.2 +7.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -9 6.7 -0.4
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 20 4.7 -2.4
CGW Invesco S&P Global Water Index ETF 0.3 57 -17 3.8 -3.4
CLOU Global X Cloud Computing ETF 0.3 68 -28 2.1 -5.1
RXI iShares Global Consumer Discretionary ETF 0.3 41 -1 5.5 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 37 6.9 -0.2
SAGP Strategas Global Policy Opportunities ETF 0.3 65 -25 4.5 -2.6
OND ProShares On-Demand ETF 0.2 58 -18 -2.5 -9.6
DFNL Davis Select Financial ETF 0.2 63 -23 6.8 -0.3
ICLN iShares Global Clean Energy ETF 0.2 41 -1 4.3 -2.8
BJK VanEck Gaming ETF 0.2 65 -25 1.8 -5.3
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 11 5.8 -1.3
IXC iShares Global Energy ETF 0.2 44 -4 8.2 +1.1
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -20 13.6 +6.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 33 6.5 -0.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 1 6.9 -0.2
IDV iShares International Select Dividend ETF 0.1 51 -11 12.3 +5.2
LUXX Roundhill S&P Global Luxury ETF 0.1 45 -5 2.7 -4.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -30 7.2 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -6 5.6 -1.6
RNRG Global X Renewable Energy Producers ETF 0.1 66 -26 4.9 -2.2
EWW iShares MSCI Mexico ETF 0.1 50 -10 9.7 +2.6
ILF iShares Latin America 40 ETF 0.1 48 -8 10.3 +3.2
FLMX Franklin FTSE Mexico ETF 0.1 19 21 10.8 +3.7
HELX Franklin Genomic Advancements ETF 0.1 50 -10 1.7 -5.4
FEZ SPDR EURO STOXX 50 ETF 0.1 29 11 6.2 -0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 20 6.7 -0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 16 6.2 -0.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -2 5.1 -2.0
IEV iShares Europe ETF 0.1 67 -27 6.1 -1.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 20 6.9 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 -6 6.3 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 20 6.3 -0.8
FEP First Trust Europe AlphaDEX Fund 0.1 80 -40 8.6 +1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -18 6.0 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 10 6.8 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 1 7.3 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 -5 6.2 -0.9
EWN iShares MSCI Netherlands ETF 0.1 50 -10 4.7 -2.4
HEDJ WisdomTree Europe Hedged Equity Fund 0.1 58 -18 8.4 +1.3
AVDE Avantis International Equity ETF 0.1 23 17 7.9 +0.7
FEUZ First Trust Eurozone AlphaDEX ETF 0.1 80 -40 8.3 +1.2
FIVA Fidelity International Value Factor ETF 0.1 18 22 9.3 +2.2
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 10 6.6 -0.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 16 6.7 -0.4
EZU iShares MSCI Eurozone ETF 0.1 52 -12 6.2 -1.0
SPEU SPDR Portfolio Europe ETF 0.1 7 33 6.6 -0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -18 5.6 -1.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 31 6.7 -0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 5 6.4 -0.7
TOK iShares MSCI Kokusai ETF 0.1 26 14 5.3 -1.8
FLEE Franklin FTSE Europe ETF 0.1 9 31 6.8 -0.3
DFAI Dimensional International Core Equity Market ETF 0.1 18 22 6.9 -0.2
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -8 7.7 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 36 6.7 -0.4
CLOD Themes Cloud Computing ETF 0.1 35 5 3.7 -3.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -2 5.8 -1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 28 5.4 -1.7
URTH iShares MSCI World ETF 0.1 24 16 5.4 -1.7
FLEU Franklin FTSE Eurozone ETF 0.1 9 31 6.7 -0.4
DFIC Dimensional International Core Equity 2 ETF 0.1 23 17 7.4 +0.3
IEFA iShares Core MSCI EAFE ETF 0.1 7 33 2.7 -4.4
VGK Vanguard FTSE Europe ETF 0.1 11 29 6.8 -0.3
JHMD John Hancock Multifactor Developed International ETF 0.1 39 1 7.4 +0.3
BKIE BNY Mellon International Equity ETF 0.1 4 36 6.9 -0.3
EFA iShares MSCI EAFE ETF 0.1 35 5 6.4 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 20 6.3 -0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 15 7.4 +0.2
DFIV Dimensional International Value ETF 0.1 27 13 9.8 +2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 26 6.2 -1.0
IEUR iShares Core MSCI Europe ETF 0.1 11 29 -1.3 -8.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 31 5.5 -1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 4 6.4 -0.7
EFG iShares MSCI EAFE Growth ETF 0.1 36 4 4.1 -3.0
DWM WisdomTree International Equity Fund 0.1 48 -8 7.8 +0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 10 6.8 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 0 7.8 +0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 15 7.4 +0.3
DFGR Dimensional Global Real Estate ETF 0.0 22 18 7.1 -0.1
REET iShares Global REIT ETF 0.0 14 26 7.1 +0.0
SMIN iShares MSCI India Small Cap ETF 0.0 79 -39 4.3 -2.8
TGRW T. Rowe Price Growth Stock ETF 0.0 52 -12 4.2 -2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 28 8.7 +1.6
AVRE Avantis Real Estate ETF 0.0 17 23 6.6 -0.5
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 -17 3.6 -3.6
KXI iShares Global Consumer Staples ETF 0.0 41 -1 5.6 -1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.0 65 -25 12.8 +5.7
IDRV iShares Self-driving EV & Tech ETF 0.0 47 -7 -0.5 -7.6
EPU iShares MSCI Peru and Global Exposure ETF 0.0 59 -19 5.5 -1.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 10 6.1 -1.1
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -35 4.9 -2.2

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

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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:		 FlexShares Emerging Markets 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 12.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.39
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.