SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.9x P/Sales
ratio		 5.1x
P/BV
ratio		 0.8x Div.
yield		 6.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR DJ Wilshire International Real Estate ETF objective is to track as closely as possible, before fees and expenses, the total performance of the Dow Jones Wilshire Ex-US Real Estate Securit

FUND BASICS
Category International Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Dec 15, 2006
Assets (mns) $267
Currency USD
Expense ratio 59 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 115
Wgt avg mkt cap (mns) $8,249
Large cap (>$10bn) 18.4%
Mid cap ($2-10bn) 64.2%
Small cap (<$2bn) 17.4%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
MITSUI FUDOSAN CO LTD 7.1 %
SWISS PRIME SITE-REG 3.2 %
SCENTRE GROUP 2.9 %
SEGRO PLC 2.9 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.8 %
LINK REIT 2.7 %
CAPITAMALL TRUST 2.3 %
PSP SWISS PROPERTY AG-REG 2.1 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
KLEPIERRE 1.8 %
Total 29.6 %

TOP COUNTRY EXPOSURE
JAPAN 29.4 %
BRITAIN 11.0 %
SINGAPORE 9.7 %
AUSTRALIA 8.4 %
SWITZERLAND 5.8 %
HONG KONG 5.0 %
SWEDEN 4.1 %
FRANCE 3.5 %
NETHERLANDS 2.8 %
BELGIUM 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
8.7% 31.1% 1.8% 2.6% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.29 19%
MSCI EAFE 0.57 53%
MSCI Emg. Mkts. 0.39 31%

Technical Indicators
Recent close $26.18
30d moving avg. $29.19
Annualized volatility 17.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 41
Turnover 0.4%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 288 potential alternatives to the SPDR Dow Jones International Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with RWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWX Expense: 59 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWX
Ticker Fund
Name		 Overlap1
vs RWX
(%)		 Expense
ratio
(bp)		 Savings
vs RWX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RWX
(%)
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.7 10 49 8.7 +1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 39.6 12 47 8.9 +1.4
RWO SPDR Dow Jones Global Real Estate ETF 27.1 50 9 6.9 -0.6
VGSR Vert Global Sustainable Real Estate ETF 23.0 47 12 7.7 +0.3
ERET iShares Environmentally Aware Real Estate ETF 22.6 30 29 7.3 -0.1
AVRE Avantis Real Estate ETF 19.0 17 42 7.4 -0.1
REET iShares Global REIT ETF 18.0 14 45 7.6 +0.2
DFGR Dimensional Global Real Estate ETF 16.5 22 37 7.6 +0.2
ERTH Invesco MSCI Sustainable Future ETF 13.6 62 -3 3.2 -4.2
GQRE FlexShares Global Quality Real Estate Index Fund 13.5 45 14 7.9 +0.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 12.9 60 -1 6.0 -1.4
INDS Pacer Industrial Real Estate ETF 12.4 55 4 6.7 -0.7
IDLV Invesco S&P International Developed Low Volatility ETF 12.2 25 34 6.5 -1.0
JIVE JPMorgan International Value ETF 10.6 55 4 9.1 +1.6
IQRA IQ CBRE Real Assets ETF 10.4 65 -6 6.1 -1.4
DWX SPDR S&P International Dividend ETF 9.3 45 14 7.0 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 7.2 59 0 8.0 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.2 80 -21 5.7 -1.7
SCJ iShares MSCI Japan Small-Cap ETF 6.5 50 9 6.1 -1.3
FID First Trust S&P International Dividend Aristocrats ETF 6.2 60 -1 8.3 +0.9
SCZ iShares MSCI EAFE Small-Cap ETF 6.0 40 19 6.7 -0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 22 7.5 +0.1
EFAS Global X MSCI SuperDividend EAFE ETF 5.5 57 2 7.7 +0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.4 49 10 6.5 -0.9
WDIV SPDR S&P Global Dividend ETF 5.3 40 19 9.6 +2.2
IEUS iShares MSCI Europe Small-Cap ETF 5.0 42 17 7.4 -0.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.0 12 47 5.8 -1.6
DIM WisdomTree International MidCap Dividend Fund 4.9 58 1 6.7 -0.7
REAI Intelligent Real Estate ETF 4.7 59 0 6.2 -1.2
FKU First Trust United Kingdom AlphaDEX Fund 4.5 80 -21 7.8 +0.4
BYRE Principal Real Estate Active Opportunities ETF 4.4 65 -6 7.6 +0.1
FIDI Fidelity International High Dividend ETF 4.3 18 41 7.4 +0.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.2 78 -19 10.4 +3.0
EWS iShares MSCI Singapore ETF 4.2 50 9 4.3 -3.1
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 20 7.3 -0.1
RCGE RockCreek Global Equality ETF 4.0 95 -36 6.6 -0.9
RITA ETFB Green SRI REITs ETF 3.9 50 9 6.0 -1.4
SRET Global X SuperDividend REIT ETF 3.9 59 0 13.4 +6.0
FEP First Trust Europe AlphaDEX Fund 3.9 80 -21 7.5 +0.1
EWH iShares MSCI Hong Kong ETF 3.8 50 9 5.2 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 3.7 49 10 4.9 -2.5
BLDG Cambria Global Real Estate ETF 3.6 60 -1 12.2 +4.8
ISCF iShares International SmallCap Equity Factor ETF 3.5 23 36 7.8 +0.4
RAYJ Rayliant SMDAM Japan Equity ETF 3.5 72 -13 3.4 -4.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.3 19 40 5.6 -1.8
SCHC Schwab International Small-Cap Equity ETF 3.3 11 48 7.1 -0.4
FEUZ First Trust Eurozone AlphaDEX ETF 3.2 80 -21 7.2 -0.2
VWID Virtus WMC International Dividend ETF 3.0 49 10 7.7 +0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.0 32 27 5.5 -1.9
GVAL Cambria Global Value ETF 2.9 68 -9 9.7 +2.3
EWK iShares MSCI Belgium ETF 2.8 50 9 4.4 -3.0
FDEV Fidelity International Multifactor ETF 2.8 18 41 7.4 -0.0
EPP iShares MSCI Pacific ex-Japan ETF 2.6 47 12 5.2 -2.2
IPAC iShares Core MSCI Pacific ETF 2.6 9 50 6.0 -1.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 9 6.1 -1.3
EWW iShares MSCI Mexico ETF 2.5 50 9 8.6 +1.1
FLMX Franklin FTSE Mexico ETF 2.5 19 40 9.0 +1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.5 12 47 5.0 -2.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 51 6.8 -0.6
DWMF WisdomTree International Multifactor Fund 2.4 38 21 7.0 -0.5
DTH WisdomTree International High Dividend Fund 2.4 58 1 7.7 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.4 24 35 7.3 -0.2
WSML iShares MSCI World Small-Cap ETF 2.2 15 44 5.9 -1.5
FLLA Franklin FTSE Latin America ETF 2.2 19 40 10.5 +3.1
FLAU Franklin FTSE Australia ETF 2.2 9 50 6.2 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 4 6.0 -1.4
UIVM VictoryShares International Value Momentum ETF 2.1 35 24 8.8 +1.4
FLJP Franklin FTSE Japan ETF 2.1 9 50 5.9 -1.5
FSZ First Trust Switzerland AlphaDEX Fund 2.1 80 -21 5.4 -2.1
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 5.7 -1.8
VPL Vanguard FTSE Pacific ETF 2.1 7 52 6.0 -1.4
AIVI WisdomTree International AI Enhanced Value Fund 2.0 58 1 6.7 -0.7
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -6 5.6 -1.8
EIS iShares MSCI Israel ETF 1.9 58 1 6.9 -0.5
ISRA VanEck Israel ETF 1.9 59 0 6.3 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 1.9 12 47 5.5 -1.9
BKCI BNY Mellon Concentrated International ETF 1.9 80 -21 5.3 -2.1
JHID John Hancock International High Dividend ETF 1.8 46 13 8.4 +1.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.8 22 37 5.8 -1.7
IEFA iShares Core MSCI EAFE ETF 1.6 7 52 6.6 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.6 29 30 7.4 -0.1
FLN First Trust Latin America AlphaDEX Fund 1.6 80 -21 10.2 +2.7
FGM First Trust Germany AlphaDEX Fund 1.6 80 -21 5.4 -2.0
INTF iShares International Equity Factor ETF 1.6 15 44 7.0 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 1.5 4 55 6.5 -0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 1 7.9 +0.5
GWX SPDR S&P International Small Cap ETF 1.5 40 19 6.3 -1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.5 80 -21 7.4 -0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 20 6.6 -0.8
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.1 -1.4
VEA Vanguard FTSE Developed Markets ETF 1.4 3 56 6.6 -0.9
EWA iShares MSCI Australia ETF 1.4 50 9 5.6 -1.9
EFV iShares MSCI EAFE Value ETF 1.4 34 25 8.1 +0.6
VSGX Vanguard ESG International Stock ETF 1.4 10 49 7.4 -0.0
EWQ iShares MSCI France ETF 1.3 53 6 7.0 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.3 20 39 6.3 -1.2
DISV Dimensional International Small Cap Value ETF 1.3 42 17 8.7 +1.3
EWD iShares MSCI Sweden ETF 1.3 54 5 5.5 -1.9
DFIS Dimensional International Small Cap ETF 1.3 39 20 6.7 -0.8
LVHI Franklin International Low Volatility High Dividend Index ET 1.3 40 19 7.7 +0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 14 10.0 +2.6
FLSW Franklin FTSE Switzerland ETF 1.2 9 50 6.1 -1.3
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 56 6.4 -1.0
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 1 8.0 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 1.1 32 27 6.6 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 1 8.9 +1.5
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 52 7.2 -0.2
SCHF Schwab International Equity ETF 1.1 6 53 6.6 -0.9
DWM WisdomTree International Equity Fund 1.1 48 11 6.0 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 19 6.0 -1.4
BBJP JPMorgan BetaBuilders Japan ETF 1.1 19 40 5.9 -1.6
VXUS Vanguard Total International Stock ETF 1.1 5 54 7.3 -0.1
IEUR iShares Core MSCI Europe ETF 1.1 11 48 6.9 -0.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 39 6.3 -1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -24 8.3 +0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 30 8.9 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 20 7.5 +0.1
VGK Vanguard FTSE Europe ETF 1.0 6 53 7.1 -0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -21 9.5 +2.1
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 6.4 -1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.0 45 14 7.5 +0.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 28 6.1 -1.3
EWL iShares MSCI Switzerland ETF 1.0 50 9 5.9 -1.6
SPEU SPDR Portfolio Europe ETF 1.0 7 52 7.0 -0.4
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 7.0 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.0 20 39 6.1 -1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -31 4.5 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 55 7.4 -0.0
EWJ iShares MSCI Japan ETF 0.9 50 9 5.5 -1.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 34 11.7 +4.2
BINV Brandes International ETF 0.9 70 -11 9.1 +1.6
JPXN iShares JPX-Nikkei 400 ETF 0.9 48 11 6.0 -1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 5.2 -2.2
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 7.1 -0.3
BKIE BNY Mellon International Equity ETF 0.9 4 55 6.5 -1.0
EFA iShares MSCI EAFE ETF 0.9 35 24 6.2 -1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.9 30 29 6.4 -1.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -21 9.6 +2.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -21 8.2 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 39 5.3 -2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.8 14 45 5.9 -1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.8 36 23 5.8 -1.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 4 4.1 -3.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 4.3 -3.2
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 12 8.3 +0.9
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 4.3 -3.1
ECH iShares MSCI Chile ETF 0.7 58 1 7.6 +0.2
FRDM Freedom 100 Emerging Markets ETF 0.7 49 10 6.6 -0.8
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 10 7.3 -0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 3 10.3 +2.9
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 10 9.4 +2.0
ILF iShares Latin America 40 ETF 0.7 48 11 9.6 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 40 8.3 +0.9
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.8 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 -11 7.0 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 6.6 -0.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 6.0 -1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 41 7.0 -0.4
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 5.8 -1.7
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 5.9 -1.6
JHMD John Hancock Multifactor Developed International ETF 0.6 39 20 6.6 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 7.0 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 -4 11.4 +4.0
AVSD Avantis Responsible International Equity ETF 0.6 23 36 6.5 -0.9
FIVA Fidelity International Value Factor ETF 0.6 18 41 8.1 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 6.9 -0.6
EWU iShares MSCI United Kingdom ETF 0.6 50 9 7.5 +0.1
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 34 5.7 -1.7
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 35 6.1 -1.3
AVDE Avantis International Equity ETF 0.6 23 36 6.7 -0.7
GLOF iShares Global Equity Factor ETF 0.6 20 39 6.3 -1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 6.2 -1.2
DEW WisdomTree Global High Dividend Fund 0.5 58 1 7.6 +0.2
EWJV iShares MSCI Japan Value ETF 0.5 15 44 7.5 +0.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 17 8.2 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 6.6 -0.8
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 8.7 +1.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 11.2 +3.8
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 35 6.3 -1.1
THD iShares MSCI Thailand ETF 0.5 58 1 0.0 -7.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.9 +2.5
FENI Fidelity Enhanced International ETF 0.5 28 31 6.3 -1.1
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 6.7 -0.7
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.3 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 70 -11 8.2 +0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 34 6.9 -0.5
WWJD Inspire International ETF 0.5 80 -21 6.7 -0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 6.0 -1.4
IEV iShares Europe ETF 0.5 67 -8 6.4 -1.0
AVIV Avantis International Large Cap Value ETF 0.4 25 34 7.4 -0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 27 5.6 -1.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.5 -1.0
CGDG Capital Group Dividend Growers ETF 0.4 47 12 5.4 -2.0
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 49 6.5 -0.9
EFNL iShares MSCI Finland ETF 0.4 56 3 6.4 -1.0
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 49 5.6 -1.9
VT Vanguard Total World Stock ETF 0.4 6 53 5.6 -1.8
XCEM Columbia EM Core ex-China ETF 0.4 16 43 5.9 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 7.1 -0.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 1 8.1 +0.7
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 1 -0.3 -7.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 6.2 -1.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 39 6.0 -1.4
FLBR Franklin FTSE Brazil ETF 0.4 19 40 11.4 +3.9
BRAZ Global X Brazil Active ETF 0.4 75 -16 9.8 +2.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 5.2 -2.2
EFG iShares MSCI EAFE Growth ETF 0.3 36 23 4.2 -3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.0 -0.4
AVDS Avantis International Small Cap Equity ETF 0.3 30 29 6.5 -0.9
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 52 6.5 -1.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 7.2 -0.3
FRGN Horizon International Equity ETF 0.3 75 -16 9.0 +1.6
DXIV Dimensional International Vector Equity ETF 0.3 34 25 7.1 -0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 5.6 -1.9
TPIF Timothy Plan International ETF 0.3 62 -3 5.9 -1.5
FJP First Trust Japan AlphaDEX Fund 0.3 80 -21 7.9 +0.4
AGNG Global X Aging Population ETF 0.3 50 9 4.3 -3.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 4.7 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 43 7.8 +0.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 8.6 +1.2
VYMI Vanguard International High Dividend Yield ETF 0.3 17 42 8.6 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 35 6.4 -1.0
EWG iShares MSCI Germany ETF 0.3 50 9 6.5 -0.9
FLGR Franklin FTSE Germany ETF 0.3 9 50 7.1 -0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 6.4 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 8.3 +0.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 10.3 +2.8
DFIV Dimensional International Value ETF 0.2 27 32 8.3 +0.8
BLES Inspire Global Hope ETF 0.2 61 -2 6.2 -1.2
FLSA Franklin FTSE Saudi Arabia ETF 0.2 39 20 0.0 -7.4
KSA iShares MSCI Saudi Arabia ETF 0.2 74 -15 0.0 -7.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 10.1 +2.7
URTH iShares MSCI World ETF 0.2 24 35 4.9 -2.6
ACWI iShares MSCI ACWI ETF 0.2 32 27 5.3 -2.2
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 13.1 +5.7
AFK VanEck Africa Index ETF 0.2 98 -39 11.6 +4.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 14 4.9 -2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 29 8.6 +1.2
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 9.3 +1.9
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 52 10.0 +2.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 14 5.8 -1.7
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 50 6.7 -0.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 4 8.6 +1.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 6.1 -1.3
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 11 6.3 -1.2
SCHY Schwab International Dividend Equity ETF 0.2 14 45 8.6 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 12 8.2 +0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 4.9 -2.5
TOK iShares MSCI Kokusai ETF 0.2 26 33 4.8 -2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 14.4 +7.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 26 7.3 -0.2
STXI Strive International Developed Markets ETF 0.2 29 30 6.1 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 8.1 +0.7
IGRO iShares International Dividend Growth ETF 0.2 15 44 7.2 -0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -7 8.3 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 8.6 +1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 23 8.7 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 29 9.3 +1.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 10.7 +3.3
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 9.1 +1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.4 -2.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 9.0 +1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 6.1 -1.3
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 34 9.5 +2.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.5 -1.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 1 7.0 -0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.1 -2.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 7.7 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 9.5 +2.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.1 -0.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 7.8 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.3 +2.9
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 8.1 +0.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 4.0 -3.4
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 3.9 -3.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 8.0 +0.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 9.1 +1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.8 +0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 30 8.6 +1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 7.9 +0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 -1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 39 5.8 -1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 8.9 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 9.3 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 9.2 +1.8
AVES Avantis Emerging Markets Value ETF 0.0 36 23 9.7 +2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 8.6 +1.2
AVDV Avantis International Small Cap Value ETF 0.0 36 23 8.4 +1.0

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:		 SPDR Dow Jones International Real Estate ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.64
 
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.