Rayliant Quantamental Emerging Market ex-China Equity ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.7x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RAYE is an actively managed portfolio of emerging market equities that are selected and weighted using a combination of quantitative and fundamental, quantamental, proprietary research.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Rayliant Investment Research
Website funds.rayliant.com/raye.html
Inception date Dec 16, 2021
Assets (mns) $86
Currency USD
Expense ratio 88 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 266
Wgt avg mkt cap (mns) $178,461
Large cap (>$10bn) 54.2%
Mid cap ($2-10bn) 41.7%
Small cap (<$2bn) 3.3%
Developed mkts 2.5%
Emerging mkts 97.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 9.5 %
TENCENT HOLDINGS LTD 3.5 %
MEDIATEK INC 2.6 %
NETEASE, INC 2.3 %
XIAOMI CORP. CLASS B 2.2 %
HCL TECHNOLOGIES LTD 1.8 %
AGRICULTURAL BANK OF CHINA-H 1.6 %
KIA MOTORS CORPORATION 1.5 %
ALIBABA GROUP HOLDING LTD. 1.5 %
PICC PROPERTY & CASUALTY -H 1.4 %
Total 28.0 %

TOP COUNTRY EXPOSURE
CHINA 25.7 %
TAIWAN 21.3 %
INDIA 14.2 %
SOUTH KOREA 12.1 %
HONG KONG 3.9 %
SOUTH AFRICA 2.8 %
BRAZIL 2.5 %
POLAND 1.9 %
INDONESIA 1.4 %
SAUDI ARABIA 1.1 %

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.
25.4% 25.4% -- -- 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.57 19%
MSCI EAFE 0.70 21%
MSCI Emg. Mkts. 0.80 29%

Technical Indicators
Recent close $31.52
30d moving avg. $29.04
Annualized volatility 15.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.4%
Bid/Ask (% of price) 6.05%
ADV underlying (mns) $3,169

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 473 potential alternatives to the Rayliant Quantamental Emerging Market ex-China Equity ETF ETF based on the alternatives' overlap in portfolio holdings with RAYE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RAYE Expense: 88 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYE
Ticker Fund
Name		 Overlap1
vs RAYE
(%)		 Expense
ratio
(bp)		 Savings
vs RAYE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RAYE
(%)
FDEM Fidelity Emerging Markets Multifactor ETF 33.5 25 63 10.5 +2.0
EMGF iShares Emerging Markets Equity Factor ETF 31.3 25 63 9.2 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 29.7 48 40 8.8 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 29.5 66 22 7.4 -1.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 29.4 15 73 8.2 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 29.1 11 77 8.1 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 28.8 36 52 7.8 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 28.5 30 58 7.8 -0.7
EEM iShares MSCI Emerging Markets ETF 28.4 69 19 8.0 -0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 28.1 30 58 8.2 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 28.0 19 69 7.4 -1.1
EEMA iShares MSCI Emerging Markets Asia ETF 28.0 49 39 7.9 -0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 27.8 15 73 9.1 +0.5
IEMG iShares Core MSCI Emerging Markets ETF 27.3 9 79 8.3 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 27.3 49 39 7.8 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 27.0 70 18 7.3 -1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 26.9 40 48 6.4 -2.1
SCHE Schwab Emerging Markets Equity ETF 26.9 11 77 9.3 +0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 26.6 95 -7 10.2 +1.7
VWO Vanguard FTSE Emerging Markets ETF 26.6 7 81 9.1 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 26.5 7 81 9.4 +0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 26.3 32 56 7.6 -0.9
ECON Columbia Emerging Markets Consumer ETF 26.2 49 39 7.0 -1.5
DEHP Dimensional Emerging Markets High Profitability ETF 26.2 41 47 5.0 -3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 26.1 33 55 6.9 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 26.1 49 39 13.3 +4.7
DFAE Dimensional Emerging Core Equity Market ETF 26.0 35 53 7.1 -1.5
ESGE iShares ESG Aware MSCI EM ETF 25.1 25 63 8.5 -0.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 24.6 41 47 6.9 -1.7
AIA iShares Asia 50 ETF 24.3 50 38 8.6 +0.0
JIVE JPMorgan International Value ETF 24.3 55 33 8.3 -0.3
JADE JPMorgan Active Developing Markets Equity ETF 24.3 65 23 6.1 -2.4
ROAM Hartford Multifactor Emerging Markets ETF 23.7 44 44 7.8 -0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 23.6 38 50 7.1 -1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 23.6 24 64 5.6 -3.0
EMXF iShares ESG Advanced MSCI EM ETF 23.5 16 72 7.0 -1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.5 20 68 8.7 +0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.5 39 49 13.4 +4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.3 50 38 8.3 -0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 22.5 32 56 5.0 -3.6
GMF SPDR S&P Emerging Asia Pacific ETF 21.9 49 39 8.8 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 21.6 36 52 6.0 -2.5
EMXC iShares MSCI Emerging Markets ex China ETF 21.1 25 63 5.4 -3.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 20.9 35 53 11.3 +2.7
LDEM iShares ESG MSCI EM Leaders ETF 20.7 17 71 12.0 +3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 20.2 59 29 8.6 +0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 19.9 29 59 7.2 -1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 19.9 15 73 5.7 -2.8
VEXC Vanguard Emerging Markets Ex-China ETF 19.8 7 81 5.8 -2.8
XCEM Columbia EM Core ex-China ETF 19.8 16 72 5.2 -3.4
MINV Matthews Asia Innovators Active ETF 19.8 79 9 5.9 -2.6
FLTW Franklin FTSE Taiwan ETF 19.5 19 69 4.2 -4.3
MEM Matthews Emerging Markets Equity Active ETF 19.1 79 9 8.7 +0.1
EWT iShares MSCI Taiwan ETF 18.5 58 30 3.8 -4.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 18.5 53 35 5.3 -3.2
STXE Strive Emerging Markets Ex-China ETF 18.5 32 56 5.6 -3.0
BKF iShares MSCI BIC ETF 18.3 69 19 13.4 +4.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 18.3 25 63 6.3 -2.2
AVEM Avantis Emerging Markets Equity ETF 17.7 33 55 7.2 -1.3
FLCH Franklin FTSE China ETF 17.6 19 69 16.5 +8.0
PATN Pacer Nasdaq International Patent Leaders ETF 17.6 65 23 4.5 -4.0
EMC Global X Emerging Markets Great Consumer ETF 17.3 75 13 7.4 -1.2
FXI iShares China Large-Cap ETF 17.0 74 14 19.6 +11.0
MCHI iShares MSCI China ETF 16.6 59 29 18.7 +10.1
FTHF First Trust Emerging Markets Human Flourishing ETF 16.5 75 13 6.1 -2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 16.4 45 43 9.2 +0.7
GXC SPDR S & P China ETF 16.1 59 29 17.3 +8.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 15.8 75 13 6.4 -2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.7 44 44 9.0 +0.5
RNEM First Trust Emerging Markets Equity Select ETF 15.7 75 13 7.6 -0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.5 42 46 4.0 -4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 15.3 33 55 6.9 -1.7
AVES Avantis Emerging Markets Value ETF 14.1 36 52 8.8 +0.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.2 32 56 13.0 +4.4
DEM WisdomTree Emerging Markets High Dividend Fund 13.1 63 25 10.6 +2.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 12.9 60 28 9.1 +0.5
JCHI JPMorgan Active China ETF 12.1 65 23 14.7 +6.1
EMM Global X Emerging Markets ex-China ETF 12.1 75 13 5.0 -3.6
TCHI iShares MSCI China Multisector Tech ETF 12.0 59 29 14.0 +5.5
DFEV Dimensional Emerging Markets Value ETF 12.0 43 45 9.9 +1.3
IQDF FlexShares International Quality Dividend Index Fund 11.9 47 41 7.5 -1.0
KNCT Invesco Next Gen Connectivity ETF 11.9 40 48 3.7 -4.9
ACWX iShares MSCI ACWI ex U.S. ETF 11.8 34 54 6.3 -2.2
JIG JPMorgan International Growth ETF 11.6 55 33 3.5 -5.0
FRGN Horizon International Equity ETF 11.6 75 13 8.0 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.6 41 47 6.1 -2.5
VSGX Vanguard ESG International Stock ETF 11.5 10 78 6.7 -1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.4 18 70 6.4 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 11.3 4 84 6.7 -1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.2 47 41 7.3 -1.2
KTEC KraneShares Hang Seng TECH Index ETF 10.9 69 19 19.2 +10.7
VXUS Vanguard Total International Stock ETF 10.8 5 83 6.6 -2.0
IXUS iShares Core MSCI Total International Stock ETF 10.6 7 81 6.5 -2.0
PIN Invesco India ETF 10.3 78 10 4.7 -3.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.3 29 59 8.4 -0.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.2 33 55 6.4 -2.2
INDA iShares MSCI India ETF 10.1 65 23 4.4 -4.2
FLKR Franklin FTSE South Korea ETF 10.1 9 79 5.0 -3.6
FLIN Franklin FTSE India ETF 10.1 19 69 4.0 -4.6
EYLD Cambria Emerging Shareholder Yield ETF 10.0 66 22 9.1 +0.6
CGXU Capital Group International Focus Equity ETF 9.9 54 34 3.9 -4.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.8 90 -2 3.9 -4.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 9.8 80 8 7.3 -1.2
KWEB KraneShares CSI China Internet ETF 9.6 69 19 21.7 +13.2
EWY iShares MSCI South Korea ETF 9.3 58 30 3.9 -4.7
FDNI First Trust Dow Jones International Internet ETF 9.2 65 23 22.6 +14.1
DVYE iShares Emerging Markets Dividend ETF 9.0 49 39 16.6 +8.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.8 86 2 11.7 +3.2
EPI WisdomTree India Earnings Fund 8.5 85 3 4.9 -3.7
AQLT iShares MSCI Global Quality Factor ETF 8.3 18 70 0.0 -8.6
XC WisdomTree Emerging Markets Ex-China Fund 8.2 32 56 6.0 -2.6
FEM First Trust Emerging Markets AlphaDEX Fund 8.2 80 8 8.5 -0.0
MCH Matthews China Active ETF 8.0 79 9 14.6 +6.1
CHAT Roundhill Generative AI & Technology ETF 7.8 75 13 4.9 -3.7
WRND IQ Global Equity R&D Leaders ETF 7.8 18 70 4.1 -4.5
AIVC Amplify Bloomberg AI Value Chain ETF 7.6 59 29 4.6 -4.0
MOTI VanEck Morningstar International Moat ETF 7.3 58 30 9.5 +0.9
CGRO CoreValues Alpha Greater China Growth ETF 7.3 75 13 4.5 -4.1
FMET Fidelity Metaverse ETF 7.2 39 49 4.7 -3.8
ARVR First Trust Indxx Metaverse ETF 7.1 70 18 4.1 -4.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.1 30 58 6.3 -2.3
FBOT Fidelity Disruptive Automation ETF 7.1 50 38 3.0 -5.6
NXTG First Trust Indxx NextG ETF 7.0 70 18 4.3 -4.2
VIDI Vident International Equity Strategy ETF 6.9 61 27 8.3 -0.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.8 67 21 11.8 +3.2
BNGE First Trust S-Network Streaming and Gaming ETF 6.7 70 18 2.9 -5.6
IXN iShares Global Tech ETF 6.7 41 47 3.1 -5.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.6 80 8 6.6 -1.9
MOTG VanEck Morningstar Global Wide Moat ETF 6.6 52 36 7.5 -1.1
FRDM Freedom 100 Emerging Markets ETF 6.6 49 39 5.7 -2.9
CLNR IQ Cleaner Transport ETF 6.4 45 43 3.9 -4.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.2 70 18 8.9 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 6.1 20 68 5.7 -2.9
DOL WisdomTree International LargeCap Dividend Fund 6.1 48 40 5.6 -2.9
IVRS iShares Future Metaverse Tech and Communications ETF 6.1 47 41 5.2 -3.4
METV Roundhill Ball Metaverse ETF 5.6 59 29 8.3 -0.2
CWI SPDR MSCI ACWI ex-US ETF 5.6 30 58 6.4 -2.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 5.5 70 18 6.3 -2.2
EDIV SPDR S&P Emerging Markets Dividend ETF 5.5 49 39 8.8 +0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 5.4 80 8 4.7 -3.9
GLOF iShares Global Equity Factor ETF 5.4 20 68 5.7 -2.9
FCA First Trust China AlphaDEX Fund 5.3 80 8 6.8 -1.8
IGRO iShares International Dividend Growth ETF 5.2 15 73 6.6 -1.9
ARTY iShares Future AI & Tech ETF 5.1 47 41 3.0 -5.5
FLLA Franklin FTSE Latin America ETF 5.1 19 69 9.3 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.0 20 68 4.9 -3.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.0 75 13 2.2 -6.4
DSTX Distillate International Fundamental Stability & Value ETF 5.0 55 33 6.4 -2.1
INDY iShares India 50 ETF 4.9 89 -1 5.0 -3.6
IXP iShares Global Comm Services ETF 4.9 42 46 5.5 -3.1
GGME Invesco Next Gen Media and Gaming ETF 4.8 60 28 4.9 -3.7
XT iShares Exponential Technologies ETF 4.7 46 42 4.2 -4.4
VYMI Vanguard International High Dividend Yield ETF 4.7 17 71 7.9 -0.7
ACWI iShares MSCI ACWI ETF 4.6 32 56 4.8 -3.8
CQQQ Invesco China Technology ETF 4.6 70 18 15.5 +6.9
AIQ Global X Artificial Intelligence & Technology ETF 4.5 68 20 3.3 -5.3
CHIQ Global X MSCI China Consumer Discretionary ETF 4.5 65 23 11.7 +3.2
ESPO VanEck Video Gaming and eSports ETF 4.4 56 32 6.3 -2.3
ODDS Pacer BlueStar Digital Entertainment ETF 4.4 60 28 4.6 -4.0
ANEW ProShares MSCI Transformational Changes ETF 4.3 45 43 4.6 -4.0
UIVM VictoryShares International Value Momentum ETF 4.3 35 53 8.1 -0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.3 65 23 7.6 -1.0
VT Vanguard Total World Stock ETF 4.3 6 82 5.1 -3.4
AGIX KraneShares Artificial Intelligence and Technology ETF 4.2 99 -11 1.4 -7.1
AGQI First Trust Active Global Quality Income ETF 4.2 85 3 6.5 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 4.1 10 78 5.1 -3.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.1 75 13 3.7 -4.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.0 60 28 6.3 -2.3
SOCL Global X Social Media ETF 3.9 65 23 12.2 +3.7
JPIN J.P. Morgan Diversified Return International Equity ETF 3.8 37 51 6.9 -1.7
OGIG ALPS O'Shares Global Internet Giants ETF 3.7 48 40 2.7 -5.9
GINN Goldman Sachs Innovate Equity ETF 3.7 52 36 3.9 -4.7
OAIM OneAscent International Equity ETF 3.6 95 -7 4.5 -4.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 23 7.7 -0.9
GSIB Themes Global Systemically Important Banks ETF 3.6 35 53 8.7 +0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.5 12 76 4.5 -4.1
IBLC iShares Blockchain and Tech ETF 3.5 47 41 -1.3 -9.8
FLN First Trust Latin America AlphaDEX Fund 3.4 80 8 8.9 +0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.4 58 30 8.2 -0.4
BUYZ Franklin Disruptive Commerce ETF 3.4 50 38 2.3 -6.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.3 68 20 0.7 -7.9
SCHY Schwab International Dividend Equity ETF 3.3 14 74 8.1 -0.4
GVAL Cambria Global Value ETF 3.2 68 20 8.6 +0.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.2 42 46 7.5 -1.1
COPY Tweedy, Browne Insider + Value ETF 3.1 80 8 15.1 +6.6
FEOE First Eagle Overseas Equity ETF 3.0 79 9 6.1 -2.5
RXI iShares Global Consumer Discretionary ETF 3.0 41 47 7.9 -0.7
ICPY Tweedy, Browne International Insider Value ETF 3.0 80 8 21.8 +13.2
OND ProShares On-Demand ETF 3.0 58 30 0.5 -8.1
UMMA Wahed Dow Jones Islamic World ETF 2.9 65 23 3.8 -4.8
JGLO JPMorgan Global Select Equity ETF 2.8 33 55 4.3 -4.3
INCO Columbia India Consumer ETF 2.8 75 13 2.1 -6.5
FID First Trust S&P International Dividend Aristocrats ETF 2.8 60 28 7.8 -0.8
WDIV SPDR S&P Global Dividend ETF 2.8 40 48 9.1 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.7 24 64 6.7 -1.9
HUMN Roundhill Humanoid Robotics ETF 2.6 75 13 1.3 -7.3
DRGN Themes China Generative Artificial Intelligence ETF 2.6 39 49 9.6 +1.1
VPL Vanguard FTSE Pacific ETF 2.6 7 81 5.4 -3.2
AFK VanEck Africa Index ETF 2.6 98 -10 10.1 +1.5
CHPX Global X AI Semiconductor & Quantum ETF 2.6 50 38 2.2 -6.4
JSTC Adasina Social Justice All Cap Global ETF 2.5 89 -1 4.5 -4.0
FLBR Franklin FTSE Brazil ETF 2.5 19 69 9.9 +1.4
SNSR Global X Internet of Things ETF 2.5 68 20 3.9 -4.6
EZA iShares MSCI South Africa ETF 2.5 58 30 7.9 -0.7
TTAI FCF International Quality ETF 2.5 59 29 6.6 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 2.4 25 63 7.5 -1.1
FDTX Fidelity Disruptive Technology ETF 2.4 50 38 2.0 -6.5
CARZ First Trust NASDAQ Global Auto Index Fund 2.3 70 18 2.8 -5.8
IOO iShares Global 100 ETF 2.3 41 47 4.0 -4.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.3 72 16 2.0 -6.6
IMFL Invesco International Developed Dynamic Multifactor ETF 2.3 34 54 5.2 -3.4
FDCF Fidelity Disruptive Communications ETF 2.3 50 38 1.9 -6.6
FEGE First Eagle Global Equity ETF 2.2 79 9 6.0 -2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.2 45 43 6.8 -1.8
DTCR Global X Data Center & Digital Infrastructure ETF 2.2 50 38 3.6 -4.9
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 13 4.4 -4.2
MOTO SmartETFs Smart Transportation & Technology ETF 2.1 68 20 5.6 -3.0
IGPT Invesco AI and Next Gen Software ETF 2.1 60 28 3.2 -5.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.1 20 68 5.7 -2.9
QTUM Defiance Quantum ETF 2.0 40 48 4.5 -4.1
IBUY Amplify Online Retail ETF 2.0 65 23 2.2 -6.3
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 19 1.9 -6.7
VEA Vanguard FTSE Developed Markets ETF 1.9 3 85 5.9 -2.6
EPOL iShares MSCI Poland ETF 1.9 59 29 8.7 +0.1
EWZ iShares MSCI Brazil ETF 1.9 58 30 8.9 +0.3
SCHF Schwab International Equity ETF 1.9 6 82 5.9 -2.6
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 13 1.5 -7.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.8 60 28 9.7 +1.1
RGEF Rockefeller Global Equity ETF 1.7 55 33 3.9 -4.6
GEW Cambria Global EW ETF 1.7 29 59 5.4 -3.1
KURE KraneShares MSCI All China Health Care Index ETF 1.7 65 23 2.5 -6.1
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 9 6.8 -1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.6 9 79 5.0 -3.6
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -7 2.6 -6.0
WWJD Inspire International ETF 1.6 80 8 6.1 -2.5
IDV iShares International Select Dividend ETF 1.6 51 37 8.8 +0.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.6 80 8 3.3 -5.2
DGT State Street SPDR Global Dow ETF 1.5 50 38 5.8 -2.8
SDIV Global X Superdividend ETF 1.5 58 30 12.8 +4.3
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 23 6.1 -2.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.5 80 8 11.2 +2.6
ILF iShares Latin America 40 ETF 1.5 48 40 8.5 -0.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.4 39 49 6.6 -1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.4 46 42 7.2 -1.3
SMIN iShares MSCI India Small Cap ETF 1.4 79 9 3.4 -5.1
BWEB Bitwise Web3 ETF 1.4 85 3 -0.1 -8.6
AGMI Themes Silver Miners ETF 1.4 35 53 3.4 -5.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 39 5.9 -2.7
EIDO iShares MSCI Indonesia ETF 1.4 59 29 7.9 -0.6
IDX VanEck Indonesia Index ETF 1.4 57 31 7.1 -1.4
ECNS iShares MSCI China Small-Cap ETF 1.4 59 29 8.0 -0.5
BLES Inspire Global Hope ETF 1.4 61 27 5.8 -2.8
GLIN VanEck India Growth Leaders ETF 1.3 77 11 5.2 -3.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 33 5.6 -3.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 10 9.9 +1.3
DINT Davis Select International ETF 1.3 55 33 6.0 -2.5
DWLD Davis Select Worldwide ETF 1.3 63 25 6.8 -1.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.3 45 43 2.4 -6.1
XDAT Franklin Exponential Data ETF 1.3 50 38 1.3 -7.2
GKAT Scharf Global Opportunity ETF 1.3 57 31 5.8 -2.7
WUGI AXS Esoterica NextG Economy ETF 1.2 75 13 1.7 -6.9
OTGL OTG Latin America ETF 1.2 269 -181 6.8 -1.7
FEP First Trust Europe AlphaDEX Fund 1.1 80 8 6.6 -1.9
FLSA Franklin FTSE Saudi Arabia ETF 1.1 39 49 0.0 -8.6
KSA iShares MSCI Saudi Arabia ETF 1.1 74 14 0.0 -8.6
GREK Global X MSCI Greece ETF 1.1 57 31 9.2 +0.6
CIL VictoryShares International Volatility Wtd ETF 1.1 45 43 5.8 -2.8
EBIZ Global X E-Commerce ETF 1.1 50 38 4.6 -4.0
TIIV AAM Todd International Intrinsic Value ETF 1.1 54 34 9.5 +0.9
NDIA Global X India Active ETF 1.1 75 13 4.8 -3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 32 9.7 +1.2
GCOW Pacer Global Cash Cows Dividend ETF 1.1 60 28 9.0 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 41 4.9 -3.6
PGJ Invesco Golden Dragon China ETF 1.1 70 18 13.5 +5.0
EWW iShares MSCI Mexico ETF 1.1 50 38 7.8 -0.7
FLMX Franklin FTSE Mexico ETF 1.1 19 69 8.3 -0.3
CRAK VanEck Oil Refiners ETF 1.1 61 27 9.2 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 49 7.7 -0.8
TPIF Timothy Plan International ETF 1.0 62 26 5.4 -3.2
NUKZ Range Nuclear Renaissance Index ETF 1.0 85 3 1.2 -7.3
IQRA IQ CBRE Real Assets ETF 1.0 65 23 5.7 -2.9
EMIF iShares Emerging Markets Infrastructure ETF 1.0 60 28 2.5 -6.1
KAT Scharf ETF 1.0 87 1 6.1 -2.5
CGIE Capital Group International Equity ETF 1.0 54 34 4.5 -4.1
IXG iShares Global Financials ETF 0.9 42 46 6.2 -2.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.9 55 33 6.4 -2.2
IPKW Invesco International BuyBack Achievers ETF 0.9 55 33 7.9 -0.7
HERO Global X Video Games & Esports ETF 0.9 50 38 5.6 -3.0
NERD Roundhill Video Games ETF 0.9 50 38 7.5 -1.1
COLO Global X MSCI Colombia ETF 0.9 62 26 15.1 +6.5
APIE ActivePassive International Equity ETF 0.9 45 43 6.3 -2.2
EPU iShares MSCI Peru and Global Exposure ETF 0.9 59 29 4.2 -4.4
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 26 2.9 -5.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 23 1.6 -6.9
DEW WisdomTree Global High Dividend Fund 0.8 58 30 7.3 -1.3
FDEV Fidelity International Multifactor ETF 0.8 18 70 7.0 -1.6
FIVA Fidelity International Value Factor ETF 0.8 18 70 7.4 -1.2
FKU First Trust United Kingdom AlphaDEX Fund 0.8 80 8 6.9 -1.6
GDX VanEck Gold Miners ETF 0.8 51 37 2.3 -6.2
SIL Global X Silver Miners ETF 0.8 65 23 1.4 -7.2
SILJ ETFMG Prime Junior Silver Miners ETF 0.8 69 19 0.3 -8.3
SLVP iShares MSCI Global Silver Miners ETF 0.8 39 49 3.4 -5.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.8 65 23 4.0 -4.6
AUAU Global X Gold Miners ETF 0.8 35 53 2.1 -6.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 80 6.2 -2.4
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 78 6.0 -2.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 18 6.0 -2.5
CZA Invesco Zacks Mid-Cap ETF 0.7 72 16 5.9 -2.7
FFND Future Fund Active ETF 0.7 100 -12 4.4 -4.2
FFTY Innovator IBD 50 ETF 0.7 80 8 -0.0 -8.6
JHDV John Hancock U.S. High Dividend ETF 0.7 34 54 6.3 -2.3
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 12 3.3 -5.3
ASEA Global X FTSE Southeast Asia ETF 0.7 65 23 5.3 -3.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 49 7.9 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 85 5.8 -2.7
CGDG Capital Group Dividend Growers ETF 0.7 47 41 5.1 -3.5
COPX Global X Copper Miners ETF 0.7 65 23 3.9 -4.6
SHPP Pacer Industrials and Logistics ETF 0.7 60 28 7.0 -1.6
ISHP First Trust Nasdaq Retail ETF 0.7 60 28 5.2 -3.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 39 4.5 -4.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.6 55 33 3.6 -4.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.6 45 43 -0.9 -9.5
BATT Amplify Lithium & Battery Technology ETF 0.6 59 29 1.7 -6.8
DWX SPDR S&P International Dividend ETF 0.6 45 43 6.6 -1.9
DGIN VanEck Digital India ETF 0.6 71 17 1.5 -7.0
INTF iShares International Equity Factor ETF 0.6 15 73 6.3 -2.2
IDOG ALPS International Sector Dividend Dogs ETF 0.6 50 38 9.0 +0.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 20 3.4 -5.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 49 1.1 -7.5
IDRV iShares Self-driving EV & Tech ETF 0.5 47 41 1.2 -7.3
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 9 2.8 -5.8
LIT Global X Lithium & Battery Tech ETF 0.5 75 13 4.8 -3.8
PBD Invesco Global Clean Energy ETF 0.5 75 13 0.2 -8.3
SMOG VanEck Low Carbon Energy ETF 0.5 61 27 1.2 -7.4
AQWA Global X Clean Water ETF 0.5 50 38 4.6 -3.9
ECH iShares MSCI Chile ETF 0.5 58 30 6.7 -1.8
BAI iShares AI Innovation and Tech Active ETF 0.5 55 33 1.1 -7.4
RCGE RockCreek Global Equality ETF 0.5 95 -7 6.0 -2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.5 83 5 7.5 -1.0
AGNG Global X Aging Population ETF 0.5 50 38 4.1 -4.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 42 5.0 -3.6
AOTS AOT Software Platform ETF 0.5 49 39 4.6 -3.9
HAP VanEck Natural Resources ETF 0.5 50 38 6.4 -2.1
JETS U.S. Global Jets ETF 0.5 60 28 2.6 -6.0
FPXI First Trust International Equity Opportunities ETF 0.5 70 18 3.8 -4.7
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 49 7.2 -1.3
IGF iShares Global Infrastructure ETF 0.5 41 47 4.1 -4.5
GII SPDR S&P Global Infrastructure ETF 0.5 40 48 4.1 -4.5
VRAI Virtus Real Asset Income ETF 0.5 55 33 8.4 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 8 6.3 -2.2
IQM Franklin Intelligent Machines ETF 0.4 50 38 1.2 -7.4
QAT iShares MSCI Qatar ETF 0.4 59 29 41.2 +32.6
SCHC Schwab International Small-Cap Equity ETF 0.4 11 77 6.4 -2.2
IQSI IQ Candriam International Equity ETF 0.4 15 73 5.5 -3.1
ONLN ProShares Online Retail ETF 0.4 58 30 1.2 -7.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.4 58 30 3.5 -5.0
QQQ Invesco QQQ Trust Series I 0.4 20 68 3.4 -5.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.4 35 53 3.8 -4.8
QQQM Invesco NASDAQ 100 ETF 0.4 15 73 3.5 -5.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.4 57 31 3.1 -5.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.4 20 68 4.4 -4.2
ABLG Abacus FCF International Leaders ETF 0.4 59 29 6.1 -2.4
CDIG City Different Investments Global Equity ETF 0.4 75 13 -1.5 -10.1
GPT Intelligent Alpha Atlas ETF 0.4 69 19 6.1 -2.5
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 59 5.4 -3.2
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 13 3.5 -5.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 76 8.1 -0.5
TRFM AAM Transformers ETF 0.4 49 39 1.1 -7.5
ARGT Global X MSCI Argentina ETF 0.4 59 29 3.1 -5.4
FENI Fidelity Enhanced International ETF 0.4 28 60 5.7 -2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 8 8.7 +0.1
URA Global X Uranium ETF 0.3 69 19 0.6 -7.9
EWU iShares MSCI United Kingdom ETF 0.3 50 38 6.9 -1.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 38 5.3 -3.2
CNYA iShares MSCI China A ETF 0.3 60 28 6.2 -2.3
VGK Vanguard FTSE Europe ETF 0.3 6 82 6.4 -2.1
BINV Brandes International ETF 0.3 70 18 8.3 -0.2
CGV Conductor Global Equity Value ETF 0.3 130 -42 7.3 -1.2
CGW Invesco S&P Global Water Index ETF 0.3 57 31 4.2 -4.4
PIO Invesco Global Water ETF 0.3 75 13 4.1 -4.5
SPEU SPDR Portfolio Europe ETF 0.3 7 81 6.3 -2.2
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 18 6.7 -1.9
IXC iShares Global Energy ETF 0.3 44 44 7.3 -1.2
UAE iShares MSCI UAE ETF 0.3 59 29 0.0 -8.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 79 6.5 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 68 5.8 -2.8
ARKF ARK Fintech Innovation ETF 0.3 75 13 0.2 -8.3
EPHE iShares MSCI Philippines ETF 0.3 59 29 0.0 -8.6
CGGO Capital Group Global Growth Equity ETF 0.3 47 41 4.3 -4.3
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 68 3.4 -5.1
AVRE Avantis Real Estate ETF 0.3 17 71 6.8 -1.8
IHAK iShares Cybersecurity & Tech ETF 0.3 47 41 4.6 -4.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 30 3.5 -5.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 79 6.1 -2.5
DWMF WisdomTree International Multifactor Fund 0.3 38 50 6.6 -2.0
FLGB Franklin FTSE United Kingdom ETF 0.3 9 79 6.5 -2.0
FLEE Franklin FTSE Europe ETF 0.3 9 79 6.1 -2.4
BKIE BNY Mellon International Equity ETF 0.3 4 84 5.9 -2.6
REET iShares Global REIT ETF 0.2 14 74 7.0 -1.6
EBLU Ecofin Global Water ESG Fund 0.2 40 48 4.3 -4.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 63 6.2 -2.4
VCLN Virtus Duff & Phelps Clean Energy ETF 0.2 59 29 2.4 -6.2
TBLU Tortoise Global Water ESG ETF 0.2 40 48 4.2 -4.3
YNOT Horizon Digital Frontier ETF 0.2 75 13 2.7 -5.9
POW VistaShares Electrification Supercycle ETF 0.2 75 13 2.1 -6.4
AVIV Avantis International Large Cap Value ETF 0.2 25 63 6.8 -1.8
DFGR Dimensional Global Real Estate ETF 0.2 22 66 7.0 -1.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 67 3.0 -5.5
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 30 4.8 -3.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 58 4.6 -4.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.2 58 30 7.2 -1.4
FDD First Trust Stoxx European Select Dividend Index Fund 0.2 58 30 9.7 +1.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 28 3.7 -4.8
ICLN iShares Global Clean Energy ETF 0.2 41 47 1.8 -6.8
TUR iShares MSCI Turkey ETF 0.2 58 30 11.6 +3.1
CUT Invesco MSCI Global Timber ETF 0.2 61 27 8.0 -0.6
WOOD iShares Global Timber & Forestry ETF 0.2 42 46 10.7 +2.1
FDHT Fidelity Digital Health ETF 0.2 39 49 1.7 -6.9
FPAG FPA Global Equity ETF 0.2 49 39 5.9 -2.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 18 3.8 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 49 6.9 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 63 6.0 -2.5
DXIV Dimensional International Vector Equity ETF 0.1 34 54 6.5 -2.1
GOEX Global X Gold Explorers ETF 0.1 65 23 1.6 -6.9
RING iShares MSCI Global Gold Miners ETF 0.1 39 49 2.8 -5.8
SETM Sprott Energy Transition Materials ETF 0.1 65 23 1.4 -7.1
NIKL Sprott Nickel Miners ETF 0.1 75 13 6.6 -2.0
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 64 5.5 -3.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 27 1.5 -7.1
DIVS SmartETFs Dividend Builder ETF 0.1 65 23 4.5 -4.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 27 -0.7 -9.3
BPAY BlackRock Future Financial and Technology ETF 0.1 70 18 5.5 -3.1
DIHP Dimensional International High Profitability ETF 0.1 29 59 5.6 -3.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 49 6.0 -2.5
OZEM Roundhill GLP-1 & Weight Loss ETF 0.1 59 29 5.2 -3.4
THNR Amplify Weight Loss Drug & Treatment ETF 0.1 59 29 5.7 -2.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 68 0.8 -7.7
VYM Vanguard High Dividend Yield Index ETF 0.1 6 82 6.2 -2.4
EFG iShares MSCI EAFE Growth ETF 0.1 36 52 3.7 -4.9
KXI iShares Global Consumer Staples ETF 0.1 41 47 5.3 -3.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 65 6.1 -2.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 48 5.6 -3.0
DWM WisdomTree International Equity Fund 0.1 48 40 5.5 -3.1
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 58 5.3 -3.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.1 65 23 4.4 -4.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 42 5.5 -3.1
GMET VanEck Green Metals ETF 0.1 63 25 0.3 -8.3
ICOP iShares Copper and Metals Mining ETF 0.1 47 41 5.3 -3.3
COPA Themes Copper Miners ETF 0.1 35 53 3.0 -5.5
IEUR iShares Core MSCI Europe ETF 0.1 11 77 6.2 -2.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 41 4.7 -3.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 41 2.8 -5.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 68 5.5 -3.1
DFAI Dimensional International Core Equity Market ETF 0.1 18 70 5.9 -2.6
EFA iShares MSCI EAFE ETF 0.0 35 53 5.6 -2.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 53 4.5 -4.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 79 4.3 -4.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 58 5.9 -2.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 81 5.9 -2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 52 5.4 -3.2
JHMD John Hancock Multifactor Developed International ETF 0.0 39 49 6.0 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 84 5.9 -2.6
AVDE Avantis International Equity ETF 0.0 23 65 6.1 -2.5
SUPL ProShares Supply Chain Logistics ETF 0.0 58 30 7.8 -0.8
WSGE Warren Street Global Equity ETF 0.0 80 8 2.9 -5.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 23 6.4 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 54 5.9 -2.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 58 5.2 -3.4
TOK iShares MSCI Kokusai ETF 0.0 26 62 4.4 -4.2
URTH iShares MSCI World ETF 0.0 24 64 4.4 -4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 79 4.5 -4.0
DFIS Dimensional International Small Cap ETF 0.0 39 49 6.0 -2.5
FBCG Fidelity Blue Chip Growth ETF 0.0 59 29 2.2 -6.3

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%.

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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

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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:		 Rayliant Quantamental Emerging Market ex-China Equity ETF
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 12.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 88 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.52
 
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.