Hartford Multifactor Emerging Markets ETF
ALTAR
Score™		 11.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.6x P/Sales
ratio		 0.7x
P/BV
ratio		 1.1x Div.
yield		 4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Hartford Multifactor Emerging Markets ETF seeks to provide investment results that, before fees and expenses, correspond to the total return performance of Hartford Risk-Optimized Multifactor Emerging Markets Index, which tracks the performance of emerging market equity securities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Hartford
Website www.hartfordfunds.com
Inception date Feb 25, 2015
Assets (mns) $20
Currency USD
Expense ratio 44 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 342
Wgt avg mkt cap (mns) $38,326
Large cap (>$10bn) 65.7%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 1.9%
Developed mkts 3.7%
Emerging mkts 96.3%

TOP TEN HOLDINGS
KIA MOTORS CORPORATION 1.4 %
CHICONY ELECTRONICS CO LTD 1.2 %
COAL INDIA LTD 1.1 %
POWER FINANCE CORPORATION 1.1 %
RURAL ELECTRIFICATION CORP 1.1 %
POWSZECHNY ZAKLAD UBEZPIECZE 1.0 %
CHINA CONSTRUCTION BANK-H 1.0 %
CHINA TOWER CORP. LTD. CLASS H 1.0 %
PETROBRAS - PETROLEO BRAS-PR 0.9 %
SAMSUNG ELECTRONICS CO LTD 0.9 %
Total 10.7 %

TOP COUNTRY EXPOSURE
INDIA 19.2 %
CHINA 17.4 %
TAIWAN 17.2 %
SOUTH KOREA 12.7 %
BRAZIL 4.7 %
THAILAND 3.4 %
MALAYSIA 3.4 %
INDONESIA 3.3 %
MEXICO 3.1 %
SOUTH AFRICA 2.9 %

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.
2.0% 17.7% 3.8% -- 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.69 59%
MSCI EAFE 0.85 83%
MSCI Emg. Mkts. 0.87 92%

Technical Indicators
Recent close $23.02
30d moving avg. $21.86
Annualized volatility 16.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.1%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $15,914

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 453 potential alternatives to the Hartford Multifactor Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with ROAM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ROAM Expense: 44 bp ALTAR Score™: 11.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROAM
Ticker Fund
Name		 Overlap1
vs ROAM
(%)		 Expense
ratio
(bp)		 Savings
vs ROAM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ROAM
(%)
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 38.7 50 -6 10.5 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 38.7 49 -5 8.3 -3.4
RODE Hartford Multifactor Diversified International ETF 35.6 29 15 11.5 -0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 35.3 39 5 12.5 +0.8
EMMF WisdomTree Emerging Markets Multifactor Fund 35.2 48 -4 9.4 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 34.5 49 -5 12.4 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 32.8 45 -1 8.6 -3.1
FDEM Fidelity Emerging Markets Multifactor ETF 32.5 25 19 11.9 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.4 24 20 7.1 -4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 32.2 30 14 8.5 -3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 31.8 45 -1 12.7 +1.0
EEMA iShares MSCI Emerging Markets Asia ETF 30.5 49 -5 6.7 -5.0
AVEM Avantis Emerging Markets Equity ETF 30.4 33 11 9.1 -2.6
EEM iShares MSCI Emerging Markets ETF 30.3 69 -25 7.0 -4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.2 66 -22 7.2 -4.5
EMGF iShares Emerging Markets Equity Factor ETF 30.0 25 19 8.7 -3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 29.9 30 14 7.5 -4.2
DFAE Dimensional Emerging Core Equity Market ETF 29.8 35 9 7.7 -4.0
BKEM BNY Mellon Emerging Markets Equity ETF 29.7 11 33 7.7 -4.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.3 32 12 7.6 -4.1
DEHP Dimensional Emerging Markets High Profitability ETF 29.1 41 3 7.3 -4.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 29.1 36 8 7.5 -4.2
EMXC iShares MSCI Emerging Markets ex China ETF 29.0 25 19 6.7 -5.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.8 70 -26 6.3 -5.4
FLAX Franklin FTSE Asia Ex Japan ETF 28.8 19 25 7.2 -4.5
DEM WisdomTree Emerging Markets High Dividend Fund 28.2 63 -19 12.9 +1.2
DFEV Dimensional Emerging Markets Value ETF 27.8 43 1 10.9 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 27.3 9 35 7.5 -4.2
AVES Avantis Emerging Markets Value ETF 27.3 36 8 12.1 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 27.2 49 -5 6.4 -5.3
SCHE Schwab Emerging Markets Equity ETF 27.2 11 33 7.6 -4.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 25.8 38 6 8.2 -3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 25.7 15 29 7.1 -4.6
EMXF iShares ESG Advanced MSCI EM ETF 25.7 16 28 7.4 -4.3
VWO Vanguard FTSE Emerging Markets ETF 25.1 8 36 7.6 -4.1
STXE Strive Emerging Markets Ex-China ETF 25.0 32 12 6.9 -4.8
EEMO Invesco S&P Emerging Markets Momentum ETF 24.5 29 15 6.2 -5.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.3 44 0 10.3 -1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 24.2 33 11 7.2 -4.5
LDEM iShares ESG MSCI EM Leaders ETF 24.2 17 27 7.7 -3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.9 25 19 7.0 -4.7
SPEM SPDR Portfolio Emerging Markets ETF 23.8 7 37 7.5 -4.2
BKF iShares MSCI BIC ETF 23.5 69 -25 7.1 -4.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.3 20 24 7.5 -4.2
XC WisdomTree Emerging Markets Ex-China Fund 23.2 32 12 6.2 -5.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.0 32 12 6.3 -5.4
XCEM Columbia EM Core ex-China ETF 23.0 16 28 7.4 -4.3
ESGE iShares ESG Aware MSCI EM ETF 22.8 25 19 7.7 -4.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.7 41 3 7.8 -3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.5 59 -15 9.6 -2.1
RNEM First Trust Emerging Markets Equity Select ETF 21.5 75 -31 8.2 -3.5
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 21.1 18 26 7.9 -3.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 20.9 40 4 7.1 -4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.8 95 -51 11.4 -0.3
FEM First Trust Emerging Markets AlphaDEX Fund 19.4 80 -36 16.3 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 19.3 36 8 6.8 -4.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 18.6 88 -44 6.2 -5.5
VIDI Vident International Equity Strategy ETF 17.6 61 -17 11.9 +0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 17.0 75 -31 9.6 -2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.3 29 15 8.3 -3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 16.0 49 -5 10.9 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 15.5 20 24 10.7 -1.0
EYLD Cambria Emerging Shareholder Yield ETF 15.4 66 -22 12.1 +0.4
FLIN Franklin FTSE India ETF 14.8 19 25 5.2 -6.5
EPI WisdomTree India Earnings Fund 14.4 85 -41 6.6 -5.1
INDA iShares MSCI India ETF 14.2 65 -21 3.7 -8.0
PIN Invesco India ETF 14.2 78 -34 3.8 -7.9
MCHI iShares MSCI China ETF 13.9 59 -15 8.9 -2.8
FXI iShares China Large-Cap ETF 13.8 74 -30 9.6 -2.1
DVYE iShares Emerging Markets Dividend ETF 13.8 49 -5 16.6 +4.9
KALL KraneShares MSCI All China Index ETF 13.4 49 -5 9.4 -2.3
FLCH Franklin FTSE China ETF 13.2 19 25 9.6 -2.1
FRDM Freedom 100 Emerging Markets ETF 13.1 49 -5 7.3 -4.3
AIA iShares Asia 50 ETF 12.9 50 -6 6.9 -4.8
GXC SPDR S&P China ETF 12.9 59 -15 9.0 -2.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 12.7 70 -26 11.4 -0.3
FLTW Franklin FTSE Taiwan ETF 12.4 19 25 6.0 -5.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 12.0 80 -36 6.1 -5.6
EWT iShares MSCI Taiwan ETF 11.6 58 -14 5.7 -5.9
VYMI Vanguard International High Dividend Yield ETF 11.6 22 22 9.7 -2.0
EWY iShares MSCI South Korea ETF 11.3 58 -14 8.5 -3.2
EMC Global X Emerging Markets Great Consumer ETF 11.3 75 -31 4.9 -6.8
CN Xtrackers MSCI All China Equity ETF 11.1 50 -6 8.7 -3.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 11.1 49 -5 19.0 +7.3
INDY iShares India 50 ETF 11.1 89 -45 3.7 -8.0
NXTG First Trust Indxx NextG ETF 11.0 70 -26 6.0 -5.7
ACWV iShares MSCI Global Min Vol Factor ETF 10.9 20 24 6.7 -5.0
IQDF FlexShares International Quality Dividend Index Fund 10.9 47 -3 10.7 -1.0
FLKR Franklin FTSE South Korea ETF 10.9 9 35 9.4 -2.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 10.8 67 -23 17.5 +5.8
VEU Vanguard FTSE All-World ex-US Index Fund 10.7 8 36 7.2 -4.5
ACWX iShares MSCI ACWI ex U.S. ETF 10.4 34 10 6.7 -5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.4 47 -3 10.3 -1.4
FCA First Trust China AlphaDEX Fund 10.4 80 -36 17.6 +6.0
EMM Global X Emerging Markets ex-China ETF 10.2 75 -31 3.7 -8.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.2 41 3 6.7 -5.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.9 90 -46 7.0 -4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 9.6 30 14 7.8 -3.9
CWI SPDR MSCI ACWI ex-US ETF 9.6 30 14 6.8 -4.9
IXUS iShares Core MSCI Total International Stock ETF 9.5 7 37 6.9 -4.8
VXUS Vanguard Total International Stock ETF 9.4 7 37 7.1 -4.6
IQDE FlexShares International Quality Dividend Defensive Index ET 9.4 47 -3 10.7 -1.0
VSGX Vanguard ESG International Stock ETF 9.3 12 32 6.8 -4.9
DEW WisdomTree Global High Dividend Fund 9.0 58 -14 9.1 -2.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.1 80 -36 10.0 -1.7
DSTX Distillate International Fundamental Stability & Value ETF 8.0 55 -11 8.0 -3.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 -21 8.4 -3.3
ASEA Global X FTSE Southeast Asia ETF 7.5 65 -21 6.5 -5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.9 42 2 6.8 -4.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.9 58 -14 10.1 -1.6
JCHI JPMorgan Active China ETF 6.7 65 -21 7.9 -3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.7 60 -16 14.7 +3.0
ECON Columbia Emerging Markets Consumer ETF 6.6 49 -5 4.8 -6.9
FLLA Franklin FTSE Latin America ETF 6.6 19 25 11.7 -0.0
WRND IQ Global Equity R&D Leaders ETF 6.6 18 26 7.2 -4.5
GVAL Cambria Global Value ETF 6.5 68 -24 12.3 +0.7
SCHY Schwab International Dividend Equity ETF 6.2 14 30 9.3 -2.4
WWJD Inspire International ETF 6.0 80 -36 7.1 -4.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.0 78 -34 8.8 -2.9
MCH Matthews China Active ETF 5.8 79 -35 6.1 -5.6
GLOF iShares Global Equity Factor ETF 5.8 20 24 7.1 -4.6
NDIA Global X India Active ETF 5.6 75 -31 6.5 -5.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.6 68 -24 8.8 -2.9
MINV Matthews Asia Innovators Active ETF 5.4 79 -35 2.8 -8.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.3 60 -16 10.0 -1.7
MEM Matthews Emerging Markets Equity Active ETF 5.1 79 -35 5.7 -6.0
DGT SPDR Global Dow ETF 4.9 50 -6 6.7 -5.0
FLN First Trust Latin America AlphaDEX Fund 4.8 80 -36 11.1 -0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 4.5 37 7 8.7 -3.0
VPL Vanguard FTSE Pacific ETF 4.4 8 36 7.0 -4.7
GLIN VanEck India Growth Leaders ETF 4.3 77 -33 5.3 -6.4
BLES Inspire Global Hope ETF 4.3 61 -17 6.3 -5.4
IMFL Invesco International Developed Dynamic Multifactor ETF 4.2 34 10 10.6 -1.1
ACWI iShares MSCI ACWI ETF 4.2 32 12 5.5 -6.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.2 80 -36 10.8 -0.9
INCO Columbia India Consumer ETF 4.2 75 -31 1.6 -10.1
DWX SPDR S&P International Dividend ETF 4.2 45 -1 7.1 -4.6
CHAT Roundhill Generative AI & Technology ETF 4.2 75 -31 4.2 -7.5
FLBR Franklin FTSE Brazil ETF 4.1 19 25 12.4 +0.7
EWZ iShares MSCI Brazil ETF 4.1 58 -14 11.9 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.0 20 24 5.6 -6.1
UIVM VictoryShares International Value Momentum ETF 4.0 35 9 10.7 -1.0
CGXU Capital Group International Focus Equity ETF 3.9 54 -10 4.1 -7.5
VT Vanguard Total World Stock ETF 3.9 7 37 5.8 -5.9
CARZ First Trust NASDAQ Global Auto Index Fund 3.9 70 -26 3.5 -8.2
FILL iShares MSCI Global Energy Producers ETF 3.8 39 5 9.0 -2.7
FNDF Schwab Fundamental International Large Co. Index ETF 3.7 25 19 9.1 -2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.5 9 35 5.7 -6.0
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -45 4.8 -6.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.5 70 -26 7.2 -4.4
THD iShares MSCI Thailand ETF 3.3 58 -14 5.8 -5.9
EIDO iShares MSCI Indonesia ETF 3.3 59 -15 7.6 -4.1
FBZ First Trust Brazil AlphaDEX Fund 3.3 80 -36 11.9 +0.2
EWM iShares MSCI Malaysia ETF 3.2 50 -6 5.7 -6.0
KNCT Invesco Next Gen Connectivity ETF 3.2 40 4 5.9 -5.8
FTRI First Trust Indxx Global Natural Resources Income ETF 3.2 70 -26 10.6 -1.1
MOTI VanEck Morningstar International Moat ETF 3.2 58 -14 6.9 -4.8
IDX VanEck Indonesia Index ETF 3.0 57 -13 7.9 -3.8
TTAI FCF International Quality ETF 3.0 59 -15 7.4 -4.3
HFXI IQ FTSE International Equity Currency Neutral ETF 3.0 20 24 6.8 -4.9
XT iShares Exponential Technologies ETF 2.9 46 -2 3.9 -7.8
ILF iShares Latin America 40 ETF 2.9 48 -4 10.3 -1.4
IGRO iShares International Dividend Growth ETF 2.9 15 29 7.1 -4.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.9 24 20 8.6 -3.1
TCHI iShares MSCI China Multisector Tech ETF 2.9 59 -15 3.0 -8.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.9 32 12 5.7 -6.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.9 60 -16 0.9 -10.7
AFK VanEck Africa Index ETF 2.8 98 -54 10.0 -1.6
APIE ActivePassive International Equity ETF 2.8 45 -1 7.7 -4.0
UMMA Wahed Dow Jones Islamic World ETF 2.8 65 -21 4.3 -7.4
DGIN VanEck Digital India ETF 2.7 71 -27 1.6 -10.1
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.7 47 -3 0.7 -11.0
KTEC KraneShares Hang Seng TECH Index ETF 2.7 69 -25 -3.9 -15.6
INDF Nifty India Financials ETF 2.7 75 -31 6.0 -5.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.7 45 -1 8.5 -3.2
EPOL iShares MSCI Poland ETF 2.7 59 -15 10.5 -1.2
GGME Invesco Next Gen Media and Gaming ETF 2.7 60 -16 4.1 -7.6
IXN iShares Global Tech ETF 2.7 41 3 4.3 -7.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.7 56 -12 13.9 +2.2
TUR iShares MSCI Turkey ETF 2.6 58 -14 18.6 +6.9
MOTO SmartETFs Smart Transportation & Technology ETF 2.5 68 -24 6.6 -5.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.5 45 -1 1.4 -10.3
BTEK Future Tech ETF 2.5 88 -44 2.1 -9.6
IXG iShares Global Financials ETF 2.5 42 2 6.8 -4.9
SCHF Schwab International Equity ETF 2.4 6 38 7.0 -4.7
AIQ Global X Artificial Intelligence & Technology ETF 2.4 68 -24 4.2 -7.5
METV Roundhill Ball Metaverse ETF 2.4 59 -15 3.4 -8.3
VEA Vanguard FTSE Developed Markets ETF 2.4 5 39 7.0 -4.7
EPHE iShares MSCI Philippines ETF 2.4 59 -15 8.9 -2.8
DRIV Global X Autonomous & Electric Vehicles ETF 2.3 68 -24 3.4 -8.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.3 65 -21 12.8 +1.1
CGV Conductor Global Equity Value ETF 2.3 130 -86 11.3 -0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.2 12 32 5.1 -6.6
JIG JPMorgan International Growth ETF 2.2 55 -11 4.3 -7.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.1 75 -31 3.2 -8.5
OBOR KraneShares MSCI One Belt One Road Index ETF 2.1 79 -35 10.3 -1.4
IDAT iShares Future Cloud 5G and Tech ETF 2.1 47 -3 4.5 -7.2
RXI iShares Global Consumer Discretionary ETF 2.1 41 3 5.5 -6.1
KURE KraneShares MSCI All China Health Care Index ETF 2.1 65 -21 3.6 -8.1
EZA iShares MSCI South Africa ETF 2.1 58 -14 11.4 -0.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.0 61 -17 -4.0 -15.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 2.0 61 -17 -13.0 -24.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 -2 8.8 -2.9
TPIF Timothy Plan International ETF 1.9 62 -18 6.7 -5.0
QINT American Century Quality Diversified International ETF 1.9 39 5 7.4 -4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 1.9 39 5 11.0 -0.7
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.8 51 -7 6.8 -4.9
CIL VictoryShares International Volatility Wtd ETF 1.8 45 -1 6.9 -4.8
GINN Goldman Sachs Innovate Equity ETF 1.8 52 -8 2.7 -9.0
CHIQ Global X MSCI China Consumer Discretionary ETF 1.8 65 -21 5.3 -6.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.7 80 -36 11.0 -0.7
QTUM Defiance Quantum ETF 1.7 40 4 3.9 -7.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.7 75 -31 5.2 -6.5
FM iShares Frontier and Select EM ETF 1.7 80 -36 9.5 -2.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.7 65 -21 1.6 -10.1
CGRO CoreValues Alpha Greater China Growth ETF 1.6 75 -31 2.6 -9.1
KOIN Capital Link Global Fintech Leaders ETF 1.6 75 -31 4.6 -7.1
PID Invesco International Dividend Achievers ETF 1.6 53 -9 6.7 -5.0
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -31 5.3 -6.4
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 -16 9.8 -1.8
WDIV SPDR S&P Global Dividend ETF 1.6 40 4 10.2 -1.4
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 -1 3.3 -8.3
FMET Fidelity Metaverse ETF 1.6 39 5 4.4 -7.3
VIGI Vanguard International Dividend Appreciation ETF 1.5 15 29 5.6 -6.1
BRAZ Global X Brazil Active ETF 1.5 75 -31 10.3 -1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 34 8.2 -3.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.5 86 -42 1.9 -9.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.5 50 -6 5.8 -5.9
EWW iShares MSCI Mexico ETF 1.5 50 -6 9.7 -2.0
FLMX Franklin FTSE Mexico ETF 1.5 19 25 10.8 -0.9
MVPS Amplify Thematic All-Stars ETF 1.4 49 -5 1.7 -10.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.4 49 -5 5.8 -5.9
FDNI First Trust Dow Jones International Internet ETF 1.4 65 -21 2.8 -8.9
FTAG First Trust Indxx Global Agriculture ETF 1.4 70 -26 9.1 -2.5
DWLD Davis Select Worldwide ETF 1.4 63 -19 5.6 -6.1
DINT Davis Select International ETF 1.4 55 -11 4.7 -7.0
KWEB KraneShares CSI China Internet ETF 1.4 69 -25 -0.7 -12.3
IGPT Invesco AI and Next Gen Software ETF 1.4 60 -16 3.8 -7.9
ARVR First Trust Indxx Metaverse ETF 1.4 70 -26 2.5 -9.2
VRAI Virtus Real Asset Income ETF 1.3 55 -11 8.6 -3.1
BNE Blue Horizon BNE ETF 1.3 87 -43 5.0 -6.7
IOO iShares Global 100 ETF 1.3 41 3 4.8 -6.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.3 68 -24 5.3 -6.4
GNR SPDR S&P Global Natural Resources ETF 1.3 40 4 9.2 -2.5
MXI iShares Global Materials ETF 1.2 41 3 6.6 -5.0
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 41 6.9 -4.8
CID VictoryShares International High Div Volatility Wtd ETF 1.2 45 -1 9.5 -2.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 32 8.7 -3.0
IVRS iShares Future Metaverse Tech and Communications ETF 1.2 47 -3 -5.3 -17.0
GDVD R3 Global Dividend Growth ETF 1.2 88 -44 5.8 -5.9
HAP VanEck Natural Resources ETF 1.2 50 -6 9.5 -2.2
EMFQ Amplify Emerging Markets FinTech ETF 1.2 69 -25 5.4 -6.3
WUGI AXS Esoterica NextG Economy ETF 1.2 75 -31 2.1 -9.5
SDIV Global X Superdividend ETF 1.1 58 -14 17.6 +5.9
ISHP First Trust Nasdaq Retail ETF 1.1 60 -16 3.2 -8.5
DTCR Global X Data Center & Digital Infrastructure ETF 1.1 50 -6 2.7 -9.0
BWEB Bitwise Web3 ETF 1.1 85 -41 0.9 -10.8
TMFG Motley Fool Global Opportunities ETF 1.1 85 -41 3.3 -8.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 -3 5.9 -5.8
FVD First Trust Value Line Dividend Index Fund 1.0 65 -21 6.0 -5.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -36 14.2 +2.5
NTZG Nuveen Global Net Zero Transition ETF 1.0 56 -12 4.9 -6.8
AADR AdvisorShares Dorsey Wright ADR ETF 1.0 110 -66 5.4 -6.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 -1 4.9 -6.8
IDRV iShares Self-driving EV & Tech ETF 1.0 47 -3 -0.5 -12.2
IDV iShares International Select Dividend ETF 1.0 51 -7 12.3 +0.6
SRVR Pacer Data & Infrastructure Real Estate ETF 1.0 55 -11 2.9 -8.8
EV Mast Global Battery Recycling & Production ETF 1.0 65 -21 12.8 +1.1
CVY Invesco Zacks Multi-Asset Income ETF 1.0 106 -62 8.9 -2.8
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 -14 11.6 -0.1
IDOG ALPS International Sector Dividend Dogs ETF 0.9 50 -6 11.6 -0.1
FLHK Franklin FTSE Hong Kong ETF 0.9 9 35 7.4 -4.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.9 49 -5 6.7 -5.0
OSEA Harbor International Compounders ETF 0.8 55 -11 3.7 -8.0
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 -5 4.7 -7.0
IXP iShares Global Comm Services ETF 0.8 42 2 5.3 -6.4
LOUP Innovator Deepwater Frontier Tech ETF 0.8 70 -26 2.3 -9.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.8 45 -1 6.2 -5.4
ESPO VanEck Video Gaming and eSports ETF 0.8 56 -12 4.5 -7.2
IBUY Amplify Online Retail ETF 0.8 65 -21 1.8 -9.9
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -14 13.1 +1.4
BOAT SonicShares Global Shipping ETF 0.8 69 -25 29.1 +17.4
SEA U.S. Global Sea to Sky Cargo ETF 0.8 60 -16 24.1 +12.4
GCOW Pacer Global Cash Cows Dividend ETF 0.8 60 -16 13.6 +1.9
SNSR Global X Internet of Things ETF 0.8 68 -24 4.3 -7.4
MOTG VanEck Morningstar Global Wide Moat ETF 0.8 52 -8 5.8 -5.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 37 6.5 -5.2
JAVA JPMorgan Active Value ETF 0.7 44 0 6.3 -5.4
BKCI BNY Mellon Concentrated International ETF 0.7 80 -36 5.2 -6.5
XNTK SPDR NYSE Technology ETF 0.7 35 9 4.0 -7.7
RSHO Tema American Reshoring ETF 0.7 75 -31 3.6 -8.1
DIVS SmartETFs Dividend Builder ETF 0.7 65 -21 4.7 -7.0
SXUS Janus Henderson International Sustainable Equity ETF 0.7 60 -16 4.6 -7.1
RFFC ALPS Active Equity Opportunity ETF 0.7 48 -4 4.5 -7.2
BLOK Amplify Transformational Data Sharing ETF 0.7 75 -31 1.1 -10.6
DARP Grizzle Growth ETF 0.7 75 -31 3.2 -8.5
ARKQ ARK Autonomous Technology & Robotics ETF 0.7 75 -31 1.6 -10.1
FMIL Fidelity New Millennium ETF 0.7 59 -15 4.3 -7.4
DIVZ TrueShares Low Volatility Equity Income ETF 0.7 65 -21 8.6 -3.1
SMH VanEck Semiconductor ETF 0.7 35 9 4.2 -7.5
TINY ProShares Nanotechnology ETF 0.7 58 -14 1.9 -9.8
GVIP Goldman Sachs Hedge Industry VIP ETF 0.7 45 -1 4.6 -7.0
SOXQ Invesco PHLX Semiconductor ETF 0.7 19 25 5.1 -6.6
CGGO Capital Group Global Growth Equity ETF 0.7 47 -3 4.3 -7.4
AOTG AOT Growth and Innovation ETF 0.7 75 -31 3.0 -8.7
AGQI First Trust Active Global Quality Income ETF 0.7 85 -41 5.8 -5.9
IQM Franklin Intelligent Machines ETF 0.7 50 -6 3.1 -8.6
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 0.7 65 -21 3.8 -7.9
SOXX iShares Semiconductor ETF 0.7 35 9 5.3 -6.4
CGGR Capital Group Growth ETF 0.7 39 5 3.5 -8.2
HERO Global X Video Games & Esports ETF 0.7 50 -6 5.1 -6.6
NERD Roundhill Video Games ETF 0.7 50 -6 8.0 -3.7
CLNR IQ Cleaner Transport ETF 0.7 45 -1 8.3 -3.4
OCEN IQ Clean Oceans ETF 0.7 45 -1 5.3 -6.4
GDX VanEck Gold Miners ETF 0.7 51 -7 4.7 -7.0
ARKW ARK Next Generation Internet ETF 0.7 87 -43 -2.9 -14.6
IXC iShares Global Energy ETF 0.7 44 0 8.2 -3.5
TRFM AAM Transformers ETF 0.7 49 -5 1.2 -10.4
WGMI Valkyrie Bitcoin Miners ETF 0.7 75 -31 -10.7 -22.3
ECH iShares MSCI Chile ETF 0.7 58 -14 10.7 -1.0
CRAK VanEck Oil Refiners ETF 0.7 61 -17 13.1 +1.4
GBUY Goldman Sachs Future Consumer Equity ETF 0.7 75 -31 3.1 -8.6
LIT Global X Lithium & Battery Tech ETF 0.6 75 -31 10.2 -1.5
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -15 2.9 -8.8
BUYZ Franklin Disruptive Commerce ETF 0.6 50 -6 2.1 -9.6
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.6 69 -25 8.3 -3.4
SLX VanEck Steel ETF 0.6 56 -12 20.6 +8.9
IDHQ Invesco S&P International Developed High Quality ETF 0.6 29 15 5.8 -5.9
PBD Invesco Global Clean Energy ETF 0.6 75 -31 -3.9 -15.6
WFH Direxion Work From Home ETF 0.6 45 -1 0.0 -11.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 -2 5.6 -6.1
CGUS Capital Group Core Equity ETF 0.6 33 11 4.7 -7.0
SGDM Sprott Gold Miners ETF 0.6 50 -6 5.9 -5.8
FPAG FPA Global Equity ETF 0.6 49 -5 5.7 -6.0
SHPP Pacer Industrials and Logistics ETF 0.6 60 -16 8.9 -2.8
FBCG Fidelity Blue Chip Growth ETF 0.5 59 -15 2.6 -9.1
AVRE Avantis Real Estate ETF 0.5 17 27 6.6 -5.0
SRET Global X SuperDividend REIT ETF 0.5 59 -15 10.1 -1.6
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -15 7.2 -4.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -21 7.7 -4.0
CIBR First Trust NASDAQ Cybersecurity ETF 0.5 60 -16 3.9 -7.8
CGW Invesco S&P Global Water Index ETF 0.5 57 -13 3.8 -7.9
PIO Invesco Global Water ETF 0.5 75 -31 4.9 -6.8
AQWA Global X Clean Water ETF 0.5 50 -6 4.3 -7.4
BLDG Cambria Global Real Estate ETF 0.5 60 -16 9.4 -2.3
SMOG VanEck Low Carbon Energy ETF 0.5 61 -17 3.0 -8.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 5 6.9 -4.8
FDD First Trust Stoxx European Select Dividend Index Fund 0.5 58 -14 12.9 +1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -14 4.6 -7.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.4 39 5 -3.5 -15.2
CUT Invesco MSCI Global Timber ETF 0.4 61 -17 8.6 -3.1
WOOD iShares Global Timber & Forestry ETF 0.4 42 2 9.6 -2.1
SMIN iShares MSCI India Small Cap ETF 0.4 79 -35 4.3 -7.4
FPXI First Trust International Equity Opportunities ETF 0.4 70 -26 3.6 -8.1
GXG Global X MSCI Colombia ETF 0.4 62 -18 15.2 +3.6
JGRO JPMorgan Active Growth ETF 0.4 44 0 3.4 -8.3
REET iShares Global REIT ETF 0.4 14 30 7.1 -4.5
HJEN Direxion Hydrogen ETF 0.4 45 -1 -3.2 -14.9
DFNL Davis Select Financial ETF 0.4 63 -19 6.8 -4.9
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 -4 0.5 -11.2
CQQQ Invesco China Technology ETF 0.4 70 -26 -5.7 -17.4
IWFH iShares Virtual Work and Life Multisector ETF 0.4 47 -3 -3.5 -15.2
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -6 6.9 -4.8
BPAY BlackRock Future Financial and Technology ETF 0.4 70 -26 8.3 -3.4
DFGR Dimensional Global Real Estate ETF 0.4 22 22 7.1 -4.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.3 60 -16 3.0 -8.7
MRAD SmartETFs Advertising & Marketing Technology ETF 0.3 68 -24 4.2 -7.5
SOCL Global X Social Media ETF 0.3 65 -21 -5.8 -17.4
OND ProShares On-Demand ETF 0.3 58 -14 -2.5 -14.1
KXI iShares Global Consumer Staples ETF 0.3 41 3 5.6 -6.1
VGK Vanguard FTSE Europe ETF 0.3 11 33 6.8 -4.9
IQSI IQ Candriam International Equity ETF 0.3 15 29 6.4 -5.3
SPEU SPDR Portfolio Europe ETF 0.3 7 37 6.6 -5.1
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -35 6.5 -5.2
LNGG Roundhill Alerian LNG ETF 0.3 65 -21 8.5 -3.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 35 6.7 -5.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 35 8.0 -3.7
FLEE Franklin FTSE Europe ETF 0.3 9 35 6.8 -4.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.3 61 -17 14.8 +3.1
MOO VanEck Agribusiness ETF 0.3 53 -9 9.4 -2.3
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -18 3.7 -8.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 24 6.7 -5.0
BKIE BNY Mellon International Equity ETF 0.2 4 40 6.9 -4.8
JRNY ALPS Global Travel Beneficiaries ETF 0.2 65 -21 0.0 -11.7
URA Global X Uranium ETF 0.2 69 -25 3.9 -7.8
ROBO ROBO Global Robotics & Automation Index ETF 0.2 95 -51 2.8 -8.8
GMET VanEck Green Metals ETF 0.2 63 -19 9.8 -1.9
REMX VanEck Rare Earth/Strategic Metals ETF 0.2 54 -10 11.9 +0.2
PBW Invesco WilderHill Clean Energy ETF 0.2 66 -22 -19.8 -31.5
LITP Sprott Lithium Miners ETF 0.2 65 -21 12.4 +0.7
SETM Sprott Energy Transition Materials ETF 0.2 65 -21 5.3 -6.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.2 58 -14 -0.3 -12.0
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.2 69 -25 0.0 -11.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.2 65 -21 5.0 -6.7
INTF iShares International Equity Factor ETF 0.2 15 29 7.8 -3.9
ARGT Global X MSCI Argentina ETF 0.2 59 -15 7.4 -4.3
ICLN iShares Global Clean Energy ETF 0.2 41 3 4.3 -7.4
IHAK iShares Cybersecurity & Tech ETF 0.2 47 -3 3.2 -8.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 5 7.3 -4.4
CBSE Clough Select Equity ETF 0.2 85 -41 -2.3 -14.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -28 2.2 -9.5
GWX SPDR S&P International Small Cap ETF 0.1 40 4 6.6 -5.1
GSFP Goldman Sachs Future Planet Equity ETF 0.1 75 -31 4.5 -7.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 -3 5.3 -6.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 -5 6.2 -5.5
CTEC Global X CleanTech ETF 0.1 50 -6 1.0 -10.7
BECO BlackRock Future Climate and Sustainable Economy ETF 0.1 70 -26 13.7 +2.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -35 5.1 -6.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 4 5.0 -6.7
GLIF AGF Global Infrastructure ETF 0.1 45 -1 5.5 -6.2
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -16 4.6 -7.1
IGF iShares Global Infrastructure ETF 0.1 41 3 5.0 -6.7
CRUZ Defiance Hotel Airline and Cruise ETF 0.1 45 -1 -4.9 -16.6
JETS U.S. Global Jets ETF 0.1 60 -16 -15.6 -27.3
COPX Global X Copper Miners ETF 0.1 65 -21 6.9 -4.8
EXI iShares Global Industrials ETF 0.1 42 2 4.7 -7.0
RING iShares MSCI Global Gold Miners ETF 0.1 39 5 5.7 -5.9
SCHC Schwab International Small-Cap Equity ETF 0.1 11 33 6.4 -5.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 24 2.1 -9.6
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -31 4.9 -6.8
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 -41 -0.9 -12.5
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 5 9.2 -2.5
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.1 85 -41 8.1 -3.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.1 60 -16 6.2 -5.5
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -31 3.8 -7.9
HART IQ Healthy Hearts ETF 0.1 45 -1 5.3 -6.3
IWTR iShares MSCI Water Management Multisector ETF 0.0 47 -3 4.8 -6.9
DFIV Dimensional International Value ETF 0.0 27 17 9.8 -1.9
DIM WisdomTree International MidCap Dividend Fund 0.0 58 -14 7.7 -4.0
IEUR iShares Core MSCI Europe ETF 0.0 11 33 -1.3 -13.0
DTH WisdomTree International High Dividend Fund 0.0 58 -14 10.1 -1.5
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 2 0.0 -11.7
FKU First Trust United Kingdom AlphaDEX Fund 0.0 80 -36 7.5 -4.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 21 8.8 -2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.0 83 -39 9.0 -2.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 4 0.0 -11.7
AVDE Avantis International Equity ETF 0.0 23 21 7.9 -3.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.0 59 -15 6.2 -5.4
AVDV Avantis International Small Cap Value ETF 0.0 36 8 8.0 -3.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 21 7.4 -4.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 4 7.8 -3.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 20 6.2 -5.5
LUXX Roundhill S&P Global Luxury ETF 0.0 45 -1 2.7 -9.0
DWM WisdomTree International Equity Fund 0.0 48 -4 7.8 -3.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -42 1.9 -9.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 26 6.9 -4.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 40 6.7 -5.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 37 2.7 -9.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 2 5.1 -6.6
TAN Invesco Solar ETF 0.0 67 -23 6.2 -5.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 5 7.6 -4.1
FLSA Franklin FTSE Saudi Arabia ETF 0.0 39 5 5.7 -5.9
KSA iShares MSCI Saudi Arabia ETF 0.0 74 -30 5.6 -6.1

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

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Hartford Multifactor Emerging Markets ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 44 bp
Equals: ALTAR Score 11.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 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.