SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 5.6x
P/BV
ratio		 0.9x Div.
yield		 5.7%


  • 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) $411
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) $7,233
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 2.9 %
SCENTRE GROUP 2.8 %
SWISS PRIME SITE-REG 2.7 %
CAPITAMALL TRUST 2.2 %
KLEPIERRE 2.0 %
PSP SWISS PROPERTY AG-REG 1.9 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 1.9 %
NIPPON BUILDING FUND INC 1.8 %
Total 27.5 %

TOP COUNTRY EXPOSURE
JAPAN 28.8 %
BRITAIN 12.9 %
SINGAPORE 9.8 %
AUSTRALIA 8.3 %
HONG KONG 5.2 %
SWITZERLAND 4.6 %
FRANCE 4.0 %
SWEDEN 3.8 %
BELGIUM 2.6 %
CANADA 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
18.9% 15.4% 2.5% 0.3% 0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.74 35%
MSCI EAFE 0.95 61%
MSCI Emg. Mkts. 0.80 46%

Technical Indicators
Recent close $27.49
30d moving avg. $26.80
Annualized volatility 20.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 92
Turnover 0.6%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 277 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™: 7.0%


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 56.3 48 11 7.0 +0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.0 10 49 8.1 +1.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 40.8 12 47 7.9 +1.0
RWO SPDR Dow Jones Global Real Estate ETF 28.2 50 9 7.1 +0.1
ERET iShares Environmentally Aware Real Estate ETF 23.3 30 29 7.4 +0.5
VGSR Vert Global Sustainable Real Estate ETF 23.2 47 12 7.3 +0.4
REET iShares Global REIT ETF 18.7 14 45 7.6 +0.7
DFGR Dimensional Global Real Estate ETF 17.2 22 37 7.5 +0.5
AVRE Avantis Real Estate ETF 16.3 17 42 7.1 +0.2
ERTH Invesco MSCI Sustainable Future ETF 13.6 62 -3 3.6 -3.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.0 60 -1 5.9 -1.0
IQRA IQ CBRE Real Assets ETF 12.5 65 -6 5.8 -1.2
INDS Pacer Industrial Real Estate ETF 11.7 55 4 6.7 -0.3
DWX SPDR S&P International Dividend ETF 11.6 45 14 6.2 -0.8
GQRE FlexShares Global Quality Real Estate Index Fund 11.6 45 14 7.8 +0.9
SRET Global X SuperDividend REIT ETF 11.2 59 0 12.1 +5.1
IDLV Invesco S&P International Developed Low Volatility ETF 10.0 25 34 6.5 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.3 80 -21 5.5 -1.5
EWUS iShares MSCI United Kingdom Small Cap ETF 7.9 59 0 7.4 +0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.6 58 1 9.0 +2.0
SCJ iShares MSCI Japan Small-Cap ETF 7.3 50 9 6.7 -0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.5 78 -19 9.4 +2.4
SCZ iShares MSCI EAFE Small-Cap ETF 6.1 40 19 7.0 +0.0
DIM WisdomTree International MidCap Dividend Fund 5.7 58 1 7.6 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.6 49 10 6.9 -0.0
IEUS iShares MSCI Europe Small-Cap ETF 5.4 42 17 7.2 +0.3
JPIN J.P. Morgan Diversified Return International Equity ETF 5.2 37 22 8.5 +1.6
FIDI Fidelity International High Dividend ETF 5.1 18 41 9.0 +2.0
EWS iShares MSCI Singapore ETF 5.0 50 9 5.3 -1.6
FID First Trust S&P International Dividend Aristocrats ETF 4.9 60 -1 8.1 +1.2
FLHK Franklin FTSE Hong Kong ETF 4.8 9 50 7.1 +0.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.7 12 47 6.1 -0.8
RITA ETFB Green SRI REITs ETF 4.6 50 9 6.5 -0.5
WDIV SPDR S&P Global Dividend ETF 4.5 40 19 9.5 +2.5
EWH iShares MSCI Hong Kong ETF 4.2 50 9 5.5 -1.4
GVAL Cambria Global Value ETF 3.9 68 -9 11.0 +4.1
FNDC Schwab Fundamental International Small Co. Index ETF 3.8 39 20 5.9 -1.1
ISCF iShares International SmallCap Equity Factor ETF 3.7 23 36 8.4 +1.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.7 19 40 6.0 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 10 6.2 -0.8
SCHC Schwab International Small-Cap Equity ETF 3.3 11 48 6.8 -0.2
ASEA Global X FTSE Southeast Asia ETF 3.1 65 -6 7.1 +0.2
EPP iShares MSCI Pacific ex-Japan ETF 3.0 47 12 5.4 -1.6
RCGE RockCreek Global Equality ETF 2.9 95 -36 6.3 -0.7
IPAC iShares Core MSCI Pacific ETF 2.8 9 50 6.7 -0.2
FDEV Fidelity International Multifactor ETF 2.7 18 41 7.4 +0.5
EFAS Global X MSCI SuperDividend EAFE ETF 2.7 57 2 8.4 +1.5
BLLD JPMorgan Sustainable Infrastructure ETF 2.7 49 10 6.1 -0.9
EWK iShares MSCI Belgium ETF 2.6 50 9 4.5 -2.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 9 5.8 -1.2
VPL Vanguard FTSE Pacific ETF 2.5 7 52 7.1 +0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.4 12 47 5.2 -1.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.3 8 51 6.8 -0.1
DTH WisdomTree International High Dividend Fund 2.3 58 1 8.9 +1.9
FEP First Trust Europe AlphaDEX Fund 2.2 80 -21 9.3 +2.4
EWW iShares MSCI Mexico ETF 2.2 50 9 10.1 +3.2
FLJP Franklin FTSE Japan ETF 2.1 9 50 6.7 -0.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 4 5.8 -1.1
BLDG Cambria Global Real Estate ETF 2.1 60 -1 12.0 +5.1
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 6.8 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 2.0 12 47 5.5 -1.4
FKU First Trust United Kingdom AlphaDEX Fund 2.0 80 -21 7.4 +0.4
FLAU Franklin FTSE Australia ETF 1.9 9 50 6.2 -0.8
EWJV iShares MSCI Japan Value ETF 1.9 15 44 9.4 +2.5
INTF iShares International Equity Factor ETF 1.9 15 44 7.8 +0.9
EFV iShares MSCI EAFE Value ETF 1.8 34 25 9.3 +2.4
GWX SPDR S&P International Small Cap ETF 1.8 40 19 6.3 -0.7
JHID John Hancock International High Dividend ETF 1.8 46 13 9.9 +2.9
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 1 7.4 +0.4
IEFA iShares Core MSCI EAFE ETF 1.7 7 52 7.2 +0.2
BKCI BNY Mellon Concentrated International ETF 1.7 80 -21 5.0 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 55 7.2 +0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 37 5.7 -1.3
VEA Vanguard FTSE Developed Markets ETF 1.5 3 56 7.3 +0.3
VSGX Vanguard ESG International Stock ETF 1.5 10 49 7.9 +0.9
FLN First Trust Latin America AlphaDEX Fund 1.5 80 -21 10.2 +3.3
EWA iShares MSCI Australia ETF 1.4 50 9 5.8 -1.2
FLMX Franklin FTSE Mexico ETF 1.4 19 40 10.5 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.4 40 19 7.6 +0.6
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.6 -0.3
EWD iShares MSCI Sweden ETF 1.4 54 5 5.5 -1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.4 20 39 7.2 +0.3
DWM WisdomTree International Equity Fund 1.4 48 11 7.5 +0.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.4 20 39 6.9 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 56 7.2 +0.2
EWQ iShares MSCI France ETF 1.3 53 6 7.1 +0.2
FEUZ First Trust Eurozone AlphaDEX ETF 1.3 80 -21 9.1 +2.2
SCHF Schwab International Equity ETF 1.3 6 53 7.4 +0.4
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 1 8.4 +1.5
DFIS Dimensional International Small Cap ETF 1.2 39 20 7.4 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 20 8.2 +1.2
LVHI Franklin International Low Volatility High Dividend Index ET 1.2 40 19 10.9 +3.9
DISV Dimensional International Small Cap Value ETF 1.2 42 17 9.5 +2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -24 9.7 +2.8
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 52 8.0 +1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 35 7.5 +0.5
VXUS Vanguard Total International Stock ETF 1.2 5 54 8.0 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 20 6.7 -0.2
FLLA Franklin FTSE Latin America ETF 1.2 19 40 13.3 +6.4
IEUR iShares Core MSCI Europe ETF 1.1 11 48 7.3 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.1 45 14 8.9 +1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 1 9.7 +2.8
VGK Vanguard FTSE Europe ETF 1.1 6 53 7.4 +0.4
INEQ Columbia International Equity Income ETF 1.1 45 14 8.3 +1.3
FIVA Fidelity International Value Factor ETF 1.1 18 41 10.2 +3.2
SPEU SPDR Portfolio Europe ETF 1.0 7 52 7.3 +0.4
FLSW Franklin FTSE Switzerland ETF 1.0 9 50 6.3 -0.7
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 7.4 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 4 55 8.2 +1.2
BBJP JPMorgan BetaBuilders Japan ETF 1.0 19 40 7.1 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 45 6.3 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.0 20 39 6.5 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 7.0 +0.0
EFA iShares MSCI EAFE ETF 0.9 35 24 6.9 -0.1
FSZ First Trust Switzerland AlphaDEX Fund 0.9 80 -21 5.2 -1.8
DWMF WisdomTree International Multifactor Fund 0.9 38 21 7.0 +0.0
BKIE BNY Mellon International Equity ETF 0.9 4 55 7.1 +0.1
EWJ iShares MSCI Japan ETF 0.9 50 9 6.7 -0.3
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 8.0 +1.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 1 8.1 +1.2
BINV Brandes International ETF 0.9 70 -11 9.6 +2.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -21 10.0 +3.0
ILF iShares Latin America 40 ETF 0.9 48 11 12.9 +5.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 7.0 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 23 6.9 -0.0
EWL iShares MSCI Switzerland ETF 0.8 50 9 6.0 -0.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.8 30 29 7.0 +0.1
UIVM VictoryShares International Value Momentum ETF 0.8 35 24 9.0 +2.0
JPXN iShares JPX-Nikkei 400 ETF 0.8 48 11 7.1 +0.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 5.1 -1.9
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 4 3.7 -3.2
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 4.4 -2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.8 32 27 5.9 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 9.5 +2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 10 11.8 +4.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -21 12.2 +5.2
JHMD John Hancock Multifactor Developed International ETF 0.8 39 20 7.6 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 39 5.8 -1.2
EIS iShares MSCI Israel ETF 0.7 58 1 7.6 +0.6
ISRA VanEck Israel ETF 0.7 59 0 6.9 -0.0
FGM First Trust Germany AlphaDEX Fund 0.7 80 -21 6.2 -0.8
CGDG Capital Group Dividend Growers ETF 0.7 47 12 6.2 -0.8
VWID Virtus WMC International Dividend ETF 0.7 49 10 8.8 +1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 41 7.6 +0.6
EWU iShares MSCI United Kingdom ETF 0.7 50 9 8.6 +1.6
GLOF iShares Global Equity Factor ETF 0.7 20 39 6.7 -0.2
FLEE Franklin FTSE Europe ETF 0.6 9 50 7.3 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 7.8 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 7.1 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 6.2 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 7.2 +0.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.6 24 35 7.1 +0.2
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 8.4 +1.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 11.0 +4.1
SDIV Global X Superdividend ETF 0.6 58 1 40.4 +33.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 27 6.8 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 -11 9.3 +2.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 7.3 +0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 7.4 +0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.8 +0.8
EFNL iShares MSCI Finland ETF 0.5 56 3 7.1 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 6.4 -0.5
AVDE Avantis International Equity ETF 0.5 23 36 7.6 +0.6
AVSD Avantis Responsible International Equity ETF 0.5 23 36 5.7 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 7.8 +0.8
JRE Janus Henderson U.S. Real Estate ETF 0.5 65 -6 7.7 +0.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -21 11.2 +4.3
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 7.6 +0.6
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.7 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 10.9 +4.0
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 1 8.8 +1.9
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 10.7 +3.7
WWJD Inspire International ETF 0.5 80 -21 7.2 +0.3
EMM Global X Emerging Markets ex-China ETF 0.5 75 -16 6.0 -1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 7.0 +0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.7 +1.8
IEV iShares Europe ETF 0.5 67 -8 6.9 -0.1
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 29 7.7 +0.8
THD iShares MSCI Thailand ETF 0.4 58 1 0.0 -7.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 7.3 +0.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 0 10.6 +3.7
DEW WisdomTree Global High Dividend Fund 0.4 58 1 8.7 +1.7
VT Vanguard Total World Stock ETF 0.4 6 53 6.0 -1.0
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 49 5.9 -1.1
TPIF Timothy Plan International ETF 0.4 62 -3 6.2 -0.8
AVDS Avantis International Small Cap Equity ETF 0.4 30 29 7.6 +0.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 6.7 -0.2
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 49 6.1 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 29 8.1 +1.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 42 9.8 +2.9
FENI Fidelity Enhanced International ETF 0.3 28 31 6.7 -0.3
EWG iShares MSCI Germany ETF 0.3 50 9 6.0 -0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -21 9.7 +2.8
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 27 6.0 -0.9
FLBR Franklin FTSE Brazil ETF 0.3 19 40 14.9 +8.0
AGNG Global X Aging Population ETF 0.3 50 9 4.9 -2.1
FLGR Franklin FTSE Germany ETF 0.3 9 50 6.7 -0.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 5.4 -1.5
IGRO iShares International Dividend Growth ETF 0.3 15 44 7.2 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.4 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 0 11.7 +4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 9.3 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 39 6.6 -0.3
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 0.0 -7.0
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 0.0 -7.0
DFIV Dimensional International Value ETF 0.3 27 32 10.0 +3.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 6.0 -1.0
EWO iShares MSCI Austria ETF 0.3 50 9 11.2 +4.3
CIL VictoryShares International Volatility Wtd ETF 0.3 45 14 6.6 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 50 7.2 +0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 17 9.9 +2.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 8.1 +1.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -11 4.7 -2.2
DXIV Dimensional International Vector Equity ETF 0.3 34 25 8.0 +1.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 44 7.6 +0.7
BLES Inspire Global Hope ETF 0.2 61 -2 6.8 -0.2
XCEM Columbia EM Core ex-China ETF 0.2 16 43 8.1 +1.1
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -16 7.0 +0.0
ACWI iShares MSCI ACWI ETF 0.2 32 27 5.7 -1.3
URTH iShares MSCI World ETF 0.2 24 35 5.2 -1.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -4 13.2 +6.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.3 -1.7
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 11.1 +4.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 28 6.3 -0.7
AFK VanEck Africa Index ETF 0.2 98 -39 11.8 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 9.6 +2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 5.9 -1.1
TOK iShares MSCI Kokusai ETF 0.2 26 33 5.2 -1.8
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 11.9 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 10.5 +3.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 1 8.0 +1.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 1 8.0 +1.1
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 52 10.6 +3.6
SCHY Schwab International Dividend Equity ETF 0.2 14 45 9.6 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 7.7 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 15.9 +8.9
STXI Strive International Developed Markets ETF 0.2 29 30 7.0 0.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 30 7.9 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 9.9 +2.9
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 7.4 +0.4
QINT American Century Quality Diversified International ETF 0.1 39 20 7.4 +0.4
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 40 6.6 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 6.1 -0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 29 10.3 +3.4
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 11.0 +4.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 10.1 +3.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 9.2 +2.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 10.3 +3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 8.1 +1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 10.0 +3.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 35 8.1 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 42 13.2 +6.3
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 4.2 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.8 -1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 7.7 +0.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 4.2 -2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 10.1 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 26 8.6 +1.7
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 9.4 +2.5
AVES Avantis Emerging Markets Value ETF 0.1 36 23 11.6 +4.7
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 43 8.5 +1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 9.4 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.6 +3.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 8.6 +1.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 16.2 +9.2
EFG iShares MSCI EAFE Growth ETF 0.1 36 23 4.3 -2.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 10.5 +3.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 10.1 +3.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 18 8.9 +1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 8.2 +1.2
AVIV Avantis International Large Cap Value ETF 0.0 25 34 8.9 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 10.4 +3.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 9.9 +3.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 10.4 +3.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 11.4 +4.5
AVDV Avantis International Small Cap Value ETF 0.0 36 23 10.1 +3.2

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:

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 6.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.62
 
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.