SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.1x P/Sales
ratio		 2.5x
P/BV
ratio		 0.7x Div.
yield		 5.1%


  • 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) $290
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 118
Wgt avg mkt cap (mns) $5,687
Large cap (>$10bn) 20.0%
Mid cap ($2-10bn) 67.8%
Small cap (<$2bn) 12.2%
Developed mkts 95.1%
Emerging mkts 5.0%

TOP TEN HOLDINGS
MITSUI FUDOSAN CO LTD 7.5 %
SEGRO PLC 3.7 %
SCENTRE GROUP 2.8 %
LINK REIT 2.7 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.1 %
SWISS PRIME SITE-REG 1.9 %
CAPITAMALL TRUST 1.8 %
ASCENDAS REAL ESTATE INV TRT 1.8 %
NIPPON BUILDING FUND INC 1.7 %
LAND SECURITIES GROUP PLC 1.6 %
Total 27.6 %

TOP COUNTRY EXPOSURE
JAPAN 31.7 %
BRITAIN 13.6 %
SINGAPORE 9.7 %
AUSTRALIA 8.4 %
HONG KONG 5.1 %
SWITZERLAND 3.4 %
CANADA 3.3 %
FRANCE 3.3 %
BELGIUM 2.7 %
MEXICO 2.6 %

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.
-3.7% 4.6% -2.9% 0.3% -0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.84 60%
MSCI EAFE 1.01 79%
MSCI Emg. Mkts. 0.80 53%

Technical Indicators
Recent close $24.86
30d moving avg. $25.08
Annualized volatility 19.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 51
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $1,318

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 284 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™: 7.1%


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 58.0 48 11 7.0 -0.2
WPS iShares International Developed Property ETF 51.6 48 11 7.2 +0.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 45.7 10 49 8.1 +1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 40.6 12 47 8.7 +1.5
RWO SPDR Dow Jones Global Real Estate ETF 28.6 50 9 6.9 -0.3
ERET iShares Environmentally Aware Real Estate ETF 25.0 30 29 7.2 +0.1
REET iShares Global REIT ETF 20.3 14 45 7.1 -0.0
AVRE Avantis Real Estate ETF 19.6 17 42 6.6 -0.5
WTRE WisdomTree New Economy Real Estate Fund 19.2 58 1 5.0 -2.1
DFGR Dimensional Global Real Estate ETF 17.4 22 37 7.0 -0.1
ROOF IQ CBRE NextGen Real Estate ETF 15.2 60 -1 7.9 +0.7
GQRE FlexShares Global Quality Real Estate Index Fund 14.3 45 14 6.8 -0.3
INDS Pacer Industrial Real Estate ETF 14.0 55 4 6.2 -1.0
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.0 60 -1 3.9 -3.3
IQRA IQ CBRE Real Assets ETF 12.3 65 -6 5.9 -1.3
ERTH Invesco MSCI Sustainable Future ETF 9.8 62 -3 3.7 -3.5
DWX SPDR S&P International Dividend ETF 9.8 45 14 7.1 -0.0
IDLV Invesco S&P International Developed Low Volatility ETF 9.6 25 34 5.8 -1.3
RITA ETFB Green SRI REITs ETF 7.9 50 9 5.9 -1.2
EWUS iShares MSCI United Kingdom Small Cap ETF 7.0 59 0 6.2 -0.9
SRET Global X SuperDividend REIT ETF 6.5 59 0 10.1 +3.0
EWS iShares MSCI Singapore ETF 6.1 50 9 4.1 -3.1
DIM WisdomTree International MidCap Dividend Fund 6.1 58 1 7.6 +0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 6.0 49 10 6.7 -0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 22 8.7 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.8 78 -19 8.9 +1.8
SCJ iShares MSCI Japan Small-Cap ETF 5.8 50 9 6.3 -0.9
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 5.3 75 -16 4.9 -2.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.2 50 9 5.1 -2.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.1 58 1 9.0 +1.9
FLHK Franklin FTSE Hong Kong ETF 5.1 9 50 7.5 +0.4
SCZ iShares MSCI EAFE Small-Cap ETF 5.0 40 19 0.0 -7.1
AIVI WisdomTree International AI Enhanced Value Fund 4.9 58 1 8.0 +0.8
EWH iShares MSCI Hong Kong ETF 4.8 50 9 7.1 -0.1
BLDG Cambria Global Real Estate ETF 4.8 60 -1 9.3 +2.2
BLLD JPMorgan Sustainable Infrastructure ETF 4.5 49 10 6.2 -1.0
IEUS iShares MSCI Europe Small-Cap ETF 4.5 42 17 0.0 -7.1
SDG iShares MSCI Global Sustainable Development Goals ETF 4.2 49 10 5.8 -1.4
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 20 6.8 -0.3
EPP iShares MSCI Pacific ex-Japan ETF 4.1 47 12 5.3 -1.8
FDEV Fidelity International Multifactor ETF 4.0 18 41 7.5 +0.3
ISZE iShares MSCI Intl Size Factor ETF 3.9 30 29 6.5 -0.6
ISCF iShares International SmallCap Equity Factor ETF 3.9 23 36 8.7 +1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.9 19 40 5.8 -1.3
SCHC Schwab International Small-Cap Equity ETF 3.8 11 48 6.4 -0.8
EFAS Global X MSCI SuperDividend EAFE ETF 3.4 57 2 9.7 +2.6
EWJV iShares MSCI Japan Value ETF 3.3 15 44 8.8 +1.7
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.2 68 -9 8.8 +1.7
IPAC iShares Core MSCI Pacific ETF 3.1 9 50 6.6 -0.5
JHID John Hancock International High Dividend ETF 2.9 46 13 11.4 +4.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.8 39 20 12.6 +5.5
ASEA Global X FTSE Southeast Asia ETF 2.8 65 -6 6.5 -0.7
DLS WisdomTree International SmallCap Dividend Fund 2.8 58 1 8.7 +1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.7 7 52 6.5 -0.6
EWK iShares MSCI Belgium ETF 2.7 50 9 7.6 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 2.7 83 -24 9.0 +1.8
EWW iShares MSCI Mexico ETF 2.6 50 9 9.7 +2.5
FLMX Franklin FTSE Mexico ETF 2.6 19 40 10.8 +3.7
DTH WisdomTree International High Dividend Fund 2.5 58 1 10.1 +3.0
VPL Vanguard FTSE Pacific ETF 2.4 8 51 6.9 -0.3
EFV iShares MSCI EAFE Value ETF 2.4 34 25 9.1 +1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 2.2 12 47 5.4 -1.8
EWA iShares MSCI Australia ETF 2.2 50 9 5.3 -1.9
FLJP Franklin FTSE Japan ETF 2.1 9 50 7.0 -0.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.1 49 10 7.2 +0.0
FLLA Franklin FTSE Latin America ETF 2.1 19 40 11.6 +4.5
FKU First Trust United Kingdom AlphaDEX Fund 2.0 80 -21 7.5 +0.4
FLJH Franklin FTSE Japan Hedged ETF 2.0 9 50 6.9 -0.3
FGM First Trust Germany AlphaDEX Fund 2.0 80 -21 9.2 +2.0
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 19 10.1 +3.0
FLAU Franklin FTSE Australia ETF 1.9 9 50 5.8 -1.3
UIVM VictoryShares International Value Momentum ETF 1.9 35 24 10.6 +3.5
INTF iShares International Equity Factor ETF 1.9 15 44 7.8 +0.6
FLN First Trust Latin America AlphaDEX Fund 1.9 80 -21 11.0 +3.9
MOTI VanEck Morningstar International Moat ETF 1.8 58 1 6.9 -0.3
IEFA iShares Core MSCI EAFE ETF 1.8 7 52 2.7 -4.5
BKCI BNY Mellon Concentrated International ETF 1.8 80 -21 5.2 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 1.7 4 55 6.7 -0.5
DFE WisdomTree Europe SmallCap Dividend Fund 1.7 58 1 10.9 +3.7
GVAL Cambria Global Value ETF 1.7 68 -9 12.3 +5.2
EWJ iShares MSCI Japan ETF 1.7 50 9 6.6 -0.6
DIVI Franklin International Core Dividend Tilt Index ETF 1.6 9 50 8.0 +0.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.6 49 10 19.1 +12.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.6 39 20 7.3 +0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 30 8.7 +1.6
VSGX Vanguard ESG International Stock ETF 1.5 12 47 6.8 -0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -21 16.4 +9.3
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 25 10.6 +3.4
VEA Vanguard FTSE Developed Markets ETF 1.5 5 54 7.0 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.5 47 12 6.5 -0.7
GWX SPDR S&P International Small Cap ETF 1.5 40 19 6.6 -0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.5 24 35 8.5 +1.4
BBJP JPMorgan BetaBuilders Japan ETF 1.5 19 40 7.0 -0.1
CRUZ Defiance Hotel Airline and Cruise ETF 1.4 45 14 -4.9 -12.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.4 40 19 7.8 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 1.4 20 39 6.8 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 56 6.9 -0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 14 12.8 +5.7
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.4 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.4 39 20 7.6 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.3 80 -21 5.4 -1.8
DWM WisdomTree International Equity Fund 1.3 48 11 7.8 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.3 45 14 8.5 +1.3
IVRA Invesco Real Assets ESG ETF 1.3 59 0 7.1 -0.1
SCHF Schwab International Equity ETF 1.3 6 53 7.0 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.3 20 39 6.2 -0.9
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 52 6.9 -0.2
EUDV ProShares MSCI Europe Dividend Growers ETF 1.3 55 4 4.9 -2.2
DFIS Dimensional International Small Cap ETF 1.2 39 20 6.7 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.2 14 45 6.2 -1.0
EFA iShares MSCI EAFE ETF 1.2 35 24 6.4 -0.8
VXUS Vanguard Total International Stock ETF 1.2 7 52 7.1 -0.0
SPRE SP Funds S&P Global REIT Sharia ETF 1.2 55 4 5.4 -1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.2 36 23 6.4 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 39 6.3 -0.9
DISV Dimensional International Small Cap Value ETF 1.1 42 17 9.2 +2.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 -8 17.5 +10.3
EWQ iShares MSCI France ETF 1.1 53 6 5.4 -1.8
IEUR iShares Core MSCI Europe ETF 1.1 11 48 -1.3 -8.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 47 5.0 -2.1
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 -1 9.9 +2.7
FLGB Franklin FTSE United Kingdom ETF 1.1 9 50 8.4 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 1.1 20 39 6.6 -0.5
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -16 5.3 -1.9
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 27 6.2 -1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 28 6.4 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 18 6.6 -0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.0 58 1 10.2 +3.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 51 7.2 +0.0
VGK Vanguard FTSE Europe ETF 1.0 11 48 6.8 -0.3
BKIE BNY Mellon International Equity ETF 1.0 4 55 6.9 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 40 7.2 +0.0
SPEU SPDR Portfolio Europe ETF 1.0 7 52 6.5 -0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.0 25 34 7.6 +0.5
EWD iShares MSCI Sweden ETF 1.0 54 5 5.9 -1.2
ILF iShares Latin America 40 ETF 0.9 48 11 10.2 +3.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.9 22 37 6.2 -1.0
FLSW Franklin FTSE Switzerland ETF 0.9 9 50 5.0 -2.1
JPXN iShares JPX-Nikkei 400 ETF 0.9 48 11 7.4 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 39 6.9 -0.3
JHMD John Hancock Multifactor Developed International ETF 0.9 39 20 7.3 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 34 25 6.7 -0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.8 32 27 6.7 -0.5
RFEU First Trust Riverfront Dynamic Europe ETF 0.8 83 -24 8.8 +1.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 -4 12.9 +5.8
WDIV SPDR S&P Global Dividend ETF 0.8 40 19 10.2 +3.1
IDMO Invesco S&P International Developed Momentum ETF 0.8 25 34 6.8 -0.3
FJP First Trust Japan AlphaDEX Fund 0.8 80 -21 9.9 +2.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -21 10.0 +2.9
JRE Janus Henderson U.S. Real Estate ETF 0.8 65 -6 6.4 -0.8
DEW WisdomTree Global High Dividend Fund 0.8 58 1 9.0 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.8 70 -11 6.3 -0.8
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -21 4.1 -3.0
DVYA iShares Asia/Pacific Dividend ETF 0.8 49 10 9.1 +2.0
EWU iShares MSCI United Kingdom ETF 0.8 50 9 7.9 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -7 7.2 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.7 45 14 6.2 -1.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.7 30 29 6.8 -0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 39 7.5 +0.4
XCEM Columbia EM Core ex-China ETF 0.7 16 43 7.4 +0.2
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 -20 5.7 -1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 10 11.0 +3.8
FIVA Fidelity International Value Factor ETF 0.7 18 41 9.3 +2.1
JIRE JPMorgan International Research Enhanced Equity ETF 0.7 24 35 6.7 -0.5
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 12 10.7 +3.6
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.8 -0.3
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 3.7 -3.4
EWZS iShares MSCI Brazil Small-Cap ETF 0.6 59 0 8.1 +1.0
THD iShares MSCI Thailand ETF 0.6 58 1 5.8 -1.4
ISRA VanEck Israel ETF 0.6 59 0 8.8 +1.7
EIS iShares MSCI Israel ETF 0.6 58 1 9.4 +2.2
EWL iShares MSCI Switzerland ETF 0.6 50 9 4.0 -3.1
EZU iShares MSCI Eurozone ETF 0.6 52 7 6.1 -1.0
AVDE Avantis International Equity ETF 0.6 23 36 7.8 +0.7
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 29 6.8 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 5.7 -1.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.3 +0.1
TPIF Timothy Plan International ETF 0.6 62 -3 6.7 -0.4
GLOF iShares Global Equity Factor ETF 0.6 20 39 7.0 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 7.4 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 35 6.2 -1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -31 6.9 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 39 5.6 -1.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 13 6.3 -0.9
RODE Hartford Multifactor Diversified International ETF 0.5 29 30 11.5 +4.4
GDVD R3 Global Dividend Growth ETF 0.5 88 -29 5.8 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 0.5 44 15 11.8 +4.6
EFNL iShares MSCI Finland ETF 0.5 56 3 7.9 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.5 56 3 13.9 +6.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 27 7.6 +0.4
VWID Virtus WMC International Dividend ETF 0.5 49 10 9.4 +2.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 24 6.4 -0.8
WWJD Inspire International ETF 0.5 80 -21 7.1 -0.0
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 7.4 +0.2
IEV iShares Europe ETF 0.5 67 -8 6.1 -1.1
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 10.6 +3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 0 9.6 +2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 10.4 +3.2
FLEU Franklin FTSE Eurozone ETF 0.5 9 50 6.7 -0.5
VT Vanguard Total World Stock ETF 0.4 7 52 5.8 -1.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 29 6.7 -0.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.4 50 9 2.7 -4.5
IVES Wedbush ETFMG Global Cloud Technology ETF 0.4 68 -9 1.4 -5.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 4 2.9 -4.3
EWG iShares MSCI Germany ETF 0.4 50 9 6.5 -0.7
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.9 -0.3
AIA iShares Asia 50 ETF 0.4 50 9 6.9 -0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -21 11.0 +3.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.4 51 8 6.8 -0.4
CIL VictoryShares International Volatility Wtd ETF 0.4 45 14 6.8 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -16 8.3 +1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.3 +1.2
FLGR Franklin FTSE Germany ETF 0.4 9 50 7.0 -0.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.4 18 41 7.9 +0.7
DFIV Dimensional International Value ETF 0.4 27 32 9.8 +2.7
EWO iShares MSCI Austria ETF 0.4 50 9 12.5 +5.3
DBGR Xtrackers MSCI Germany Hedged Equity ETF 0.4 45 14 6.4 -0.8
GLIF AGF Global Infrastructure ETF 0.4 45 14 5.5 -1.7
BRAZ Global X Brazil Active ETF 0.4 75 -16 10.2 +3.0
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 43 7.5 +0.3
URTH iShares MSCI World ETF 0.3 24 35 5.4 -1.8
ACWI iShares MSCI ACWI ETF 0.3 32 27 5.5 -1.7
VYMI Vanguard International High Dividend Yield ETF 0.3 22 37 9.7 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 6.3 -0.9
FLBR Franklin FTSE Brazil ETF 0.3 19 40 12.3 +5.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 34 9.0 +1.9
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 44 5.5 -1.6
AGNG Global X Aging Population ETF 0.3 50 9 4.1 -3.1
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 50 6.7 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.8 +0.6
SCHE Schwab Emerging Markets Equity ETF 0.3 11 48 7.6 +0.4
QINT American Century Quality Diversified International ETF 0.3 39 20 7.4 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.1 -2.1
AFK VanEck Africa Index ETF 0.3 98 -39 10.0 +2.9
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 5.7 -1.4
BRF VanEck Brazil Small-Cap ETF 0.3 66 -7 7.9 +0.7
IDV iShares International Select Dividend ETF 0.3 51 8 12.3 +5.2
BBCA JPMorgan BetaBuilders Canada ETF 0.3 19 40 7.1 -0.1
EWC iShares MSCI Canada ETF 0.3 50 9 6.9 -0.3
VIDI Vident International Equity Strategy ETF 0.2 61 -2 11.9 +4.8
BLES Inspire Global Hope ETF 0.2 61 -2 6.3 -0.8
TOK iShares MSCI Kokusai ETF 0.2 26 33 5.3 -1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 29 6.0 -1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.5 -1.7
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 7.8 +0.6
IPKW Invesco International BuyBack Achievers ETF 0.2 55 4 9.1 +1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 34 7.3 +0.2
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 7.5 +0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.2 80 -21 10.7 +3.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 6.7 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 39 6.7 -0.5
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 51 7.6 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 5.7 -1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 7.1 -0.1
AVIV Avantis International Large Cap Value ETF 0.2 25 34 8.8 +1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 35 7.2 +0.0
AVEM Avantis Emerging Markets Equity ETF 0.2 33 26 9.1 +2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 50 9.8 +2.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 12.5 +5.3
ESGN Columbia International ESG Equity Income ETF 0.2 45 14 9.0 +1.8
EEM iShares MSCI Emerging Markets ETF 0.2 69 -10 7.0 -0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 26 7.2 +0.0
AVDV Avantis International Small Cap Value ETF 0.2 36 23 7.9 +0.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 23 4.1 -3.1
STXE Strive Emerging Markets Ex-China ETF 0.1 32 27 6.9 -0.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 -1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 7.5 +0.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 7.7 +0.6
IGRO iShares International Dividend Growth ETF 0.1 15 44 7.1 -0.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 10 8.4 +1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.7 +0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.1 20 39 10.7 +3.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 1 6.0 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 10.6 +3.4
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 7.7 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.8 +0.7
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.7 +0.6
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 7.5 +0.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 8.3 +1.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 10 6.7 -0.5
TUR iShares MSCI Turkey ETF 0.1 58 1 18.7 +11.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.9 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 8.6 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 8.6 +1.5

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:		 SPDR Dow Jones International Real Estate 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 5.6 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.51
 
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.