SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.1x P/Sales
ratio		 5.3x
P/BV
ratio		 0.8x Div.
yield		 5.9%


  • 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) $252
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 114
Wgt avg mkt cap (mns) $5,341
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 6.1 %
LINK REIT 3.2 %
SEGRO PLC 3.1 %
SCENTRE GROUP 2.8 %
SWISS PRIME SITE-REG 2.4 %
CAPITAMALL TRUST 2.3 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.2 %
KLEPIERRE 1.9 %
NIPPON BUILDING FUND INC 1.8 %
ASCENDAS REAL ESTATE INV TRT 1.8 %
Total 27.5 %

TOP COUNTRY EXPOSURE
JAPAN 30.6 %
BRITAIN 11.8 %
SINGAPORE 10.5 %
AUSTRALIA 8.5 %
HONG KONG 5.0 %
SWITZERLAND 4.3 %
FRANCE 3.9 %
SWEDEN 3.8 %
BELGIUM 2.5 %
CANADA 2.5 %

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.
4.7% -0.0% -4.0% -1.4% -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.84 49%
MSCI EAFE 1.06 80%
MSCI Emg. Mkts. 0.87 54%

Technical Indicators
Recent close $24.51
30d moving avg. $24.32
Annualized volatility 20.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.5%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 273 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™: 5.9%


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
(%)
IFGL iShares International Developed Real Estate ETF 56.8 48 11 6.3 +0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.3 10 49 7.5 +1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 40.0 12 47 7.7 +1.8
RWO SPDR Dow Jones Global Real Estate ETF 25.9 50 9 2.9 -3.0
VGSR Vert Global Sustainable Real Estate ETF 22.0 47 12 2.8 -3.1
ERET iShares Environmentally Aware Real Estate ETF 21.3 30 29 3.1 -2.8
REET iShares Global REIT ETF 17.7 14 45 3.3 -2.5
DFGR Dimensional Global Real Estate ETF 16.2 22 37 3.2 -2.7
AVRE Avantis Real Estate ETF 16.2 17 42 3.3 -2.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.9 60 -1 2.5 -3.4
ERTH Invesco MSCI Sustainable Future ETF 13.4 62 -3 2.5 -3.4
INDS Pacer Industrial Real Estate ETF 12.6 55 4 3.9 -1.9
IQRA IQ CBRE Real Assets ETF 12.2 65 -6 2.7 -3.2
DWX SPDR S&P International Dividend ETF 11.8 45 14 6.6 +0.7
GQRE FlexShares Global Quality Real Estate Index Fund 11.8 45 14 4.1 -1.8
SRET Global X SuperDividend REIT ETF 11.3 59 0 8.1 +2.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.4 58 1 9.0 +3.1
SCJ iShares MSCI Japan Small-Cap ETF 7.4 50 9 6.8 +0.9
IDLV Invesco S&P International Developed Low Volatility ETF 6.9 25 34 6.3 +0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 6.8 59 0 7.4 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.7 78 -19 9.6 +3.7
SCZ iShares MSCI EAFE Small-Cap ETF 6.0 40 19 7.4 +1.5
DIM WisdomTree International MidCap Dividend Fund 5.7 58 1 7.7 +1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 5.3 37 22 8.9 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.3 49 10 7.3 +1.5
EWS iShares MSCI Singapore ETF 5.2 50 9 5.2 -0.7
RITA ETFB Green SRI REITs ETF 5.1 50 9 2.4 -3.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.1 80 -21 5.7 -0.2
FIDI Fidelity International High Dividend ETF 5.0 18 41 9.0 +3.1
FLHK Franklin FTSE Hong Kong ETF 4.8 9 50 6.8 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 4.7 60 -1 9.1 +3.2
IEUS iShares MSCI Europe Small-Cap ETF 4.6 42 17 7.2 +1.3
WDIV SPDR S&P Global Dividend ETF 4.3 40 19 9.6 +3.8
EWH iShares MSCI Hong Kong ETF 4.2 50 9 6.1 +0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.1 12 47 6.2 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 3.9 39 20 6.3 +0.4
ISCF iShares International SmallCap Equity Factor ETF 3.8 23 36 8.6 +2.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.7 19 40 6.3 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 10 6.0 +0.1
EPP iShares MSCI Pacific ex-Japan ETF 3.3 47 12 5.7 -0.2
SCHC Schwab International Small-Cap Equity ETF 3.2 11 48 7.1 +1.2
ASEA Global X FTSE Southeast Asia ETF 3.0 65 -6 6.9 +1.1
BLDG Cambria Global Real Estate ETF 2.9 60 -1 4.2 -1.7
IPAC iShares Core MSCI Pacific ETF 2.9 9 50 7.1 +1.2
FDEV Fidelity International Multifactor ETF 2.7 18 41 7.7 +1.8
GVAL Cambria Global Value ETF 2.7 68 -9 11.3 +5.4
BLLD JPMorgan Sustainable Infrastructure ETF 2.6 49 10 4.8 -1.1
EWK iShares MSCI Belgium ETF 2.6 50 9 4.6 -1.3
VPL Vanguard FTSE Pacific ETF 2.5 8 51 7.7 +1.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 9 5.8 -0.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.4 7 52 7.0 +1.1
DTH WisdomTree International High Dividend Fund 2.3 58 1 9.1 +3.2
EWW iShares MSCI Mexico ETF 2.2 50 9 9.6 +3.8
FLJP Franklin FTSE Japan ETF 2.2 9 50 7.0 +1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.2 12 47 5.1 -0.7
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 4 6.9 +1.0
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 6.7 +0.8
FKU First Trust United Kingdom AlphaDEX Fund 2.0 80 -21 7.9 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 2.0 12 47 5.8 -0.1
INTF iShares International Equity Factor ETF 1.9 15 44 8.1 +2.3
FLAU Franklin FTSE Australia ETF 1.9 9 50 6.4 +0.5
GWX SPDR S&P International Small Cap ETF 1.9 40 19 6.7 +0.8
EWA iShares MSCI Australia ETF 1.9 50 9 6.1 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 1.9 57 2 8.5 +2.7
JHID John Hancock International High Dividend ETF 1.8 46 13 10.3 +4.4
BKCI BNY Mellon Concentrated International ETF 1.8 80 -21 4.9 -0.9
EFV iShares MSCI EAFE Value ETF 1.8 34 25 9.4 +3.6
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 1 7.5 +1.6
FLN First Trust Latin America AlphaDEX Fund 1.7 80 -21 10.6 +4.7
EWJV iShares MSCI Japan Value ETF 1.7 15 44 9.8 +3.9
IEFA iShares Core MSCI EAFE ETF 1.7 7 52 7.4 +1.5
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 55 7.4 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -21 13.8 +7.9
EWD iShares MSCI Sweden ETF 1.5 54 5 5.6 -0.3
VEA Vanguard FTSE Developed Markets ETF 1.5 5 54 7.6 +1.7
CRUZ Defiance Hotel Airline and Cruise ETF 1.5 45 14 3.1 -2.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 40 19 7.5 +1.7
VSGX Vanguard ESG International Stock ETF 1.4 12 47 8.2 +2.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.4 22 37 5.8 -0.1
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.7 +0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 1.4 20 39 7.4 +1.5
DWM WisdomTree International Equity Fund 1.4 48 11 7.7 +1.8
FLMX Franklin FTSE Mexico ETF 1.4 19 40 9.9 +4.0
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 56 7.5 +1.6
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 1 8.9 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 20 8.3 +2.5
SCHF Schwab International Equity ETF 1.2 6 53 7.7 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 14 9.3 +3.5
LVHI Franklin International Low Volatility High Dividend Index ET 1.2 40 19 11.0 +5.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 35 6.4 +0.6
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 39 7.1 +1.3
EWQ iShares MSCI France ETF 1.2 53 6 7.0 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 20 7.0 +1.1
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 52 8.3 +2.4
DISV Dimensional International Small Cap Value ETF 1.2 42 17 9.7 +3.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 1 10.1 +4.3
FEUZ First Trust Eurozone AlphaDEX ETF 1.2 80 -21 9.2 +3.3
FLLA Franklin FTSE Latin America ETF 1.2 19 40 13.5 +7.6
VXUS Vanguard Total International Stock ETF 1.1 7 52 8.3 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -24 10.0 +4.2
INEQ Columbia International Equity Income ETF 1.1 45 14 8.7 +2.8
DFIS Dimensional International Small Cap ETF 1.1 39 20 7.9 +2.0
FIVA Fidelity International Value Factor ETF 1.1 18 41 10.5 +4.6
SDIV Global X Superdividend ETF 1.1 58 1 13.9 +8.0
FLSW Franklin FTSE Switzerland ETF 1.0 9 50 6.2 +0.3
IEUR iShares Core MSCI Europe ETF 1.0 11 48 7.4 +1.5
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 7.8 +1.9
BBJP JPMorgan BetaBuilders Japan ETF 1.0 19 40 7.6 +1.7
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 51 8.5 +2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 45 6.0 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 7.1 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.0 20 39 6.6 +0.7
VGK Vanguard FTSE Europe ETF 1.0 11 48 7.5 +1.6
EFA iShares MSCI EAFE ETF 0.9 35 24 7.0 +1.2
BKIE BNY Mellon International Equity ETF 0.9 4 55 7.3 +1.4
SPEU SPDR Portfolio Europe ETF 0.9 7 52 7.5 +1.6
DWMF WisdomTree International Multifactor Fund 0.9 38 21 6.9 +1.0
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 8.0 +2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -21 9.7 +3.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 1 8.4 +2.5
EWJ iShares MSCI Japan ETF 0.9 50 9 7.1 +1.2
BINV Brandes International ETF 0.9 70 -11 9.5 +3.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.9 67 -8 13.3 +7.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 10 11.6 +5.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 7.1 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 23 6.9 +1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 30 8.7 +2.8
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -21 5.0 -0.9
UIVM VictoryShares International Value Momentum ETF 0.8 35 24 9.5 +3.6
ILF iShares Latin America 40 ETF 0.8 48 11 13.5 +7.6
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 5.4 -0.5
JPXN iShares JPX-Nikkei 400 ETF 0.8 48 11 7.5 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.8 32 27 6.1 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 10.8 +5.0
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 1.7 -4.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 4 1.1 -4.8
JHMD John Hancock Multifactor Developed International ETF 0.8 39 20 7.8 +1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.7 30 29 7.3 +1.4
JRE Janus Henderson U.S. Real Estate ETF 0.7 65 -6 1.6 -4.3
ISRA VanEck Israel ETF 0.7 59 0 7.8 +1.9
EIS iShares MSCI Israel ETF 0.7 58 1 8.6 +2.7
EWL iShares MSCI Switzerland ETF 0.7 50 9 5.9 +0.0
CGDG Capital Group Dividend Growers ETF 0.7 47 12 6.3 +0.4
VWID Virtus WMC International Dividend ETF 0.7 49 10 8.8 +2.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 41 8.1 +2.2
GLOF iShares Global Equity Factor ETF 0.7 20 39 6.8 +0.9
EWU iShares MSCI United Kingdom ETF 0.6 50 9 8.6 +2.7
FLEE Franklin FTSE Europe ETF 0.6 9 50 7.0 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 8.1 +2.3
FEP First Trust Europe AlphaDEX Fund 0.6 80 -21 9.3 +3.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 7.5 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 39 6.0 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 6.6 +0.8
JIRE JPMorgan International Research Enhanced Equity ETF 0.6 24 35 7.4 +1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 12.6 +6.7
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 8.9 +3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 27 7.0 +1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 -11 9.8 +4.0
FGM First Trust Germany AlphaDEX Fund 0.6 80 -21 9.0 +3.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 7.2 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 7.4 +1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.8 +1.9
AVSD Avantis Responsible International Equity ETF 0.6 23 36 6.8 +0.9
AVDE Avantis International Equity ETF 0.6 23 36 8.0 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 7.1 +1.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -21 13.6 +7.7
EMM Global X Emerging Markets ex-China ETF 0.5 75 -16 5.0 -0.9
THD iShares MSCI Thailand ETF 0.5 58 1 5.1 -0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 11.0 +5.2
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 1 9.6 +3.7
IQLT iShares MSCI Intl Quality Factor ETF 0.5 30 29 6.3 +0.5
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.8 +0.9
WWJD Inspire International ETF 0.5 80 -21 7.6 +1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 6.8 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 6.6 +0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 49 6.1 +0.2
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 11.1 +5.3
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 7.9 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 8.2 +2.3
IEV iShares Europe ETF 0.4 67 -8 6.9 +1.1
DEW WisdomTree Global High Dividend Fund 0.4 58 1 7.7 +1.9
EFNL iShares MSCI Finland ETF 0.4 56 3 7.4 +1.5
VT Vanguard Total World Stock ETF 0.4 7 52 6.3 +0.4
TPIF Timothy Plan International ETF 0.4 62 -3 6.5 +0.7
AIA iShares Asia 50 ETF 0.4 50 9 14.7 +8.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 7.6 +1.7
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 0 13.3 +7.4
IDMO Invesco S&P International Developed Momentum ETF 0.4 25 34 5.7 -0.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 29 5.6 -0.2
FENI Fidelity Enhanced International ETF 0.3 28 31 7.0 +1.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 24 5.9 -0.0
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 5.9 +0.1
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 27 5.5 -0.4
IGRO iShares International Dividend Growth ETF 0.3 15 44 7.3 +1.4
FLGR Franklin FTSE Germany ETF 0.3 9 50 6.8 +0.9
EWG iShares MSCI Germany ETF 0.3 50 9 6.5 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 8.6 +2.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -21 11.8 +5.9
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 5.7 -0.2
DFIV Dimensional International Value ETF 0.3 27 32 10.4 +4.5
AGNG Global X Aging Population ETF 0.3 50 9 4.2 -1.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.4 -0.5
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 44 6.2 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 0 13.7 +7.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 9.6 +3.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 39 6.7 +0.9
FLBR Franklin FTSE Brazil ETF 0.3 19 40 15.3 +9.5
CIL VictoryShares International Volatility Wtd ETF 0.3 45 14 7.0 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 50 7.2 +1.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 1.0 -4.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 8.2 +2.4
EWO iShares MSCI Austria ETF 0.3 50 9 11.9 +6.0
VYMI Vanguard International High Dividend Yield ETF 0.3 22 37 10.0 +4.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 0.0 -5.9
BLES Inspire Global Hope ETF 0.2 61 -2 6.8 +1.0
XCEM Columbia EM Core ex-China ETF 0.2 16 43 8.5 +2.6
ACWI iShares MSCI ACWI ETF 0.2 32 27 6.0 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 10.1 +4.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -4 13.6 +7.7
URTH iShares MSCI World ETF 0.2 24 35 5.5 -0.4
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 11.6 +5.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.5 -0.4
AFK VanEck Africa Index ETF 0.2 98 -39 12.6 +6.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 28 6.6 +0.7
TOK iShares MSCI Kokusai ETF 0.2 26 33 5.2 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 10.9 +5.0
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 11.3 +5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 6.1 +0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 1 7.7 +1.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 1 8.3 +2.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 8.0 +2.1
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 51 10.9 +5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 16.7 +10.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 30 8.2 +2.3
STXI Strive International Developed Markets ETF 0.1 29 30 5.9 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 11.2 +5.3
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 7.5 +1.6
QINT American Century Quality Diversified International ETF 0.1 39 20 7.6 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 29 10.6 +4.7
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 40 6.9 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.9 +0.1
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 10.7 +4.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 11.8 +5.9
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 9.7 +3.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 10.2 +4.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 35 8.3 +2.5
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 12.9 +7.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 8.1 +2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.7 -0.2
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 42 12.9 +7.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 21.6 +15.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 +0.2
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 5.0 -0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 10.6 +4.7
AVIV Avantis International Large Cap Value ETF 0.1 25 34 9.3 +3.4
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 43 8.4 +2.6
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 10.2 +4.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 16.9 +11.0
AVES Avantis Emerging Markets Value ETF 0.1 36 23 12.2 +6.3
TUR iShares MSCI Turkey ETF 0.1 58 1 19.2 +13.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.9 +5.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 25 6.2 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 11.0 +5.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 10.7 +4.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 9.9 +4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 8.6 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 10.8 +4.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 18 9.4 +3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 9.3 +3.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 11.6 +5.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 10.5 +4.6
AVDV Avantis International Small Cap Value ETF 0.0 36 23 10.9 +5.1
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 4.5 -1.4

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

Content on this tab for subscribers only**

RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

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

Historical valuation trends

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

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

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.4 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.60
 
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.