SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 12.4x P/Sales
ratio		 5.3x
P/BV
ratio		 0.9x 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) $280
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 7.8 %
SEGRO PLC 3.0 %
SWISS PRIME SITE-REG 2.9 %
SCENTRE GROUP 2.9 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.6 %
LINK REIT 2.4 %
CAPITAMALL TRUST 2.3 %
PSP SWISS PROPERTY AG-REG 1.9 %
SHOEI CO LTD/CHIYODA-KU 1.8 %
KLEPIERRE 1.8 %
Total 29.4 %

TOP COUNTRY EXPOSURE
JAPAN 28.7 %
BRITAIN 11.7 %
SINGAPORE 8.9 %
AUSTRALIA 8.3 %
SWITZERLAND 5.5 %
HONG KONG 4.9 %
SWEDEN 4.0 %
FRANCE 3.6 %
BELGIUM 2.9 %
NETHERLANDS 2.6 %

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 $27.45
30d moving avg. $29.57
Annualized volatility 17.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.3%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 286 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
(%)
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.9 10 49 8.3 +1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 39.6 12 47 8.5 +1.4
RWO SPDR Dow Jones Global Real Estate ETF 28.0 50 9 6.5 -0.6
VGSR Vert Global Sustainable Real Estate ETF 23.4 47 12 7.3 +0.2
ERET iShares Environmentally Aware Real Estate ETF 23.3 30 29 7.0 -0.1
AVRE Avantis Real Estate ETF 19.1 17 42 7.0 -0.1
REET iShares Global REIT ETF 17.8 14 45 7.2 +0.2
DFGR Dimensional Global Real Estate ETF 17.1 22 37 7.2 +0.2
ERTH Invesco MSCI Sustainable Future ETF 13.6 62 -3 3.1 -3.9
GQRE FlexShares Global Quality Real Estate Index Fund 13.4 45 14 7.5 +0.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.0 60 -1 5.7 -1.4
INDS Pacer Industrial Real Estate ETF 12.5 55 4 6.4 -0.7
IDLV Invesco S&P International Developed Low Volatility ETF 12.2 25 34 6.3 -0.7
JIVE JPMorgan International Value ETF 11.2 55 4 9.0 +1.9
IQRA IQ CBRE Real Assets ETF 10.4 65 -6 5.8 -1.3
DWX SPDR S&P International Dividend ETF 9.3 45 14 6.9 -0.2
EWUS iShares MSCI United Kingdom Small Cap ETF 7.9 59 0 7.6 +0.6
FID First Trust S&P International Dividend Aristocrats ETF 6.4 60 -1 8.2 +1.1
SCJ iShares MSCI Japan Small-Cap ETF 6.3 50 9 6.0 -1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.1 80 -21 5.6 -1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 22 7.3 +0.3
SCZ iShares MSCI EAFE Small-Cap ETF 5.7 40 19 6.5 -0.5
WDIV SPDR S&P Global Dividend ETF 5.5 40 19 9.5 +2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.4 49 10 6.3 -0.7
IEUS iShares MSCI Europe Small-Cap ETF 5.3 42 17 7.2 +0.1
FKU First Trust United Kingdom AlphaDEX Fund 5.1 80 -21 7.5 +0.4
DIM WisdomTree International MidCap Dividend Fund 5.0 58 1 6.5 -0.5
REAI Intelligent Real Estate ETF 4.9 59 0 5.8 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.9 12 47 5.6 -1.5
SRET Global X SuperDividend REIT ETF 4.7 59 0 12.8 +5.7
FIDI Fidelity International High Dividend ETF 4.3 18 41 7.4 +0.3
BYRE Principal Real Estate Active Opportunities ETF 4.3 65 -6 7.2 +0.1
FEP First Trust Europe AlphaDEX Fund 4.3 80 -21 7.3 +0.3
RITA ETFB Green SRI REITs ETF 4.2 50 9 5.7 -1.4
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 20 7.2 +0.1
BLDG Cambria Global Real Estate ETF 4.2 60 -1 11.4 +4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.0 78 -19 10.1 +3.0
EWS iShares MSCI Singapore ETF 4.0 50 9 4.4 -2.6
RCGE RockCreek Global Equality ETF 4.0 95 -36 6.4 -0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 3.8 49 10 4.8 -2.3
EWH iShares MSCI Hong Kong ETF 3.6 50 9 5.1 -1.9
RAYJ Rayliant SMDAM Japan Equity ETF 3.5 72 -13 3.3 -3.8
EFAS Global X MSCI SuperDividend EAFE ETF 3.4 57 2 7.8 +0.7
SCHC Schwab International Small-Cap Equity ETF 3.3 11 48 6.9 -0.2
FEUZ First Trust Eurozone AlphaDEX ETF 3.3 80 -21 7.1 +0.0
ISCF iShares International SmallCap Equity Factor ETF 3.3 23 36 7.6 +0.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.3 19 40 5.5 -1.6
VWID Virtus WMC International Dividend ETF 3.0 49 10 7.6 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.0 32 27 5.4 -1.7
GVAL Cambria Global Value ETF 2.9 68 -9 9.6 +2.6
EWK iShares MSCI Belgium ETF 2.9 50 9 4.2 -2.8
FDEV Fidelity International Multifactor ETF 2.8 18 41 7.3 +0.2
EPP iShares MSCI Pacific ex-Japan ETF 2.6 47 12 5.1 -2.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 9 5.9 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 51 6.6 -0.5
IPAC iShares Core MSCI Pacific ETF 2.5 9 50 5.8 -1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.5 12 47 4.8 -2.3
FLMX Franklin FTSE Mexico ETF 2.5 19 40 9.1 +2.0
EWW iShares MSCI Mexico ETF 2.5 50 9 8.6 +1.6
DWMF WisdomTree International Multifactor Fund 2.5 38 21 6.8 -0.3
DTH WisdomTree International High Dividend Fund 2.4 58 1 7.6 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.4 24 35 7.1 +0.1
WSML iShares MSCI World Small-Cap ETF 2.2 15 44 5.8 -1.3
FLLA Franklin FTSE Latin America ETF 2.2 19 40 10.8 +3.7
FLAU Franklin FTSE Australia ETF 2.2 9 50 6.0 -1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 4 5.8 -1.3
UIVM VictoryShares International Value Momentum ETF 2.1 35 24 8.7 +1.6
FLJP Franklin FTSE Japan ETF 2.1 9 50 5.8 -1.2
VPL Vanguard FTSE Pacific ETF 2.1 7 52 5.9 -1.2
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 5.6 -1.5
AIVI WisdomTree International AI Enhanced Value Fund 2.0 58 1 6.6 -0.5
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -6 5.7 -1.4
FSZ First Trust Switzerland AlphaDEX Fund 1.9 80 -21 5.2 -1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 1.9 12 47 5.3 -1.8
ISRA VanEck Israel ETF 1.8 59 0 6.1 -1.0
EIS iShares MSCI Israel ETF 1.8 58 1 6.6 -0.4
JHID John Hancock International High Dividend ETF 1.8 46 13 8.3 +1.3
BKCI BNY Mellon Concentrated International ETF 1.8 80 -21 5.1 -2.0
FGM First Trust Germany AlphaDEX Fund 1.7 80 -21 5.3 -1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.7 80 -21 7.2 +0.1
IEFA iShares Core MSCI EAFE ETF 1.6 7 52 6.4 -0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 37 5.7 -1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.6 29 30 7.3 +0.2
FLN First Trust Latin America AlphaDEX Fund 1.6 80 -21 10.3 +3.2
INTF iShares International Equity Factor ETF 1.6 15 44 6.8 -0.2
GWX SPDR S&P International Small Cap ETF 1.5 40 19 6.1 -0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 1 7.7 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 1.5 4 55 6.3 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 20 6.4 -0.6
EWA iShares MSCI Australia ETF 1.5 50 9 5.4 -1.7
IQSI IQ Candriam International Equity ETF 1.4 15 44 5.8 -1.2
VEA Vanguard FTSE Developed Markets ETF 1.4 3 56 6.4 -0.7
VSGX Vanguard ESG International Stock ETF 1.4 10 49 7.1 +0.1
EFV iShares MSCI EAFE Value ETF 1.4 34 25 8.0 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 1.3 20 39 6.1 -1.0
EWQ iShares MSCI France ETF 1.3 53 6 6.8 -0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 1 8.8 +1.8
LVHI Franklin International Low Volatility High Dividend Index ET 1.3 40 19 7.7 +0.6
DISV Dimensional International Small Cap Value ETF 1.2 42 17 8.6 +1.6
DFIS Dimensional International Small Cap ETF 1.2 39 20 6.5 -0.6
EWD iShares MSCI Sweden ETF 1.2 54 5 5.2 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 14 9.9 +2.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 56 6.3 -0.8
FLSW Franklin FTSE Switzerland ETF 1.2 9 50 5.9 -1.2
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 52 7.0 -0.0
SCHF Schwab International Equity ETF 1.1 6 53 6.4 -0.7
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 1 7.7 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 1.1 32 27 6.5 -0.6
DWM WisdomTree International Equity Fund 1.1 48 11 5.9 -1.2
VXUS Vanguard Total International Stock ETF 1.1 5 54 7.1 +0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -24 8.1 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 19 5.9 -1.2
BBJP JPMorgan BetaBuilders Japan ETF 1.1 19 40 5.7 -1.3
IEUR iShares Core MSCI Europe ETF 1.1 11 48 6.7 -0.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 39 6.1 -1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 30 8.8 +1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 20 7.3 +0.3
VGK Vanguard FTSE Europe ETF 1.0 6 53 6.9 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 6.2 -0.9
SPEU SPDR Portfolio Europe ETF 1.0 7 52 6.8 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.0 45 14 7.3 +0.3
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 28 5.9 -1.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.0 25 34 11.2 +4.2
BINV Brandes International ETF 1.0 70 -11 8.9 +1.8
JPXN iShares JPX-Nikkei 400 ETF 1.0 48 11 5.8 -1.2
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 6.8 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.0 20 39 5.9 -1.2
EWJ iShares MSCI Japan ETF 1.0 50 9 5.4 -1.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -21 9.4 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 55 7.2 +0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -31 4.5 -2.6
EWL iShares MSCI Switzerland ETF 0.9 50 9 5.6 -1.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 5.1 -1.9
EFA iShares MSCI EAFE ETF 0.9 35 24 6.1 -1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -21 7.9 +0.8
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 6.9 -0.1
BKIE BNY Mellon International Equity ETF 0.9 4 55 6.3 -0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -21 9.4 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 39 5.1 -2.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.8 30 29 6.3 -0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.8 14 45 5.7 -1.4
SDIV Global X Superdividend ETF 0.8 58 1 13.7 +6.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.8 36 23 5.7 -1.4
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 12 8.1 +1.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 4.3 -2.7
DTCR Global X Data Center & Digital Infrastructure ETF 0.7 50 9 4.0 -3.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 4 3.9 -3.2
ILF iShares Latin America 40 ETF 0.7 48 11 9.7 +2.7
ECH iShares MSCI Chile ETF 0.7 58 1 7.6 +0.6
FRDM Freedom 100 Emerging Markets ETF 0.7 49 10 6.5 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 40 8.0 +0.9
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.6 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 10.3 +3.2
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 7.1 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 6.5 -0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 10 9.2 +2.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 5.9 -1.2
EWU iShares MSCI United Kingdom ETF 0.6 50 9 7.3 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 5.7 -1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 41 6.8 -0.2
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 5.6 -1.5
JHMD John Hancock Multifactor Developed International ETF 0.6 39 20 6.5 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 6.8 -0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 6.9 -0.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 -4 11.3 +4.2
AVSD Avantis Responsible International Equity ETF 0.6 23 36 6.3 -0.7
FIVA Fidelity International Value Factor ETF 0.6 18 41 7.9 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 6.7 -0.4
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 34 5.5 -1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 35 5.9 -1.2
AVDE Avantis International Equity ETF 0.6 23 36 6.5 -0.5
GLOF iShares Global Equity Factor ETF 0.6 20 39 6.0 -1.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 6.0 -1.1
DEW WisdomTree Global High Dividend Fund 0.5 58 1 7.5 +0.4
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 8.6 +1.6
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 11.4 +4.4
EWJV iShares MSCI Japan Value ETF 0.5 15 44 7.5 +0.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 17 8.1 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 6.5 -0.6
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 35 6.1 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.6 +2.5
FENI Fidelity Enhanced International ETF 0.5 28 31 6.1 -1.0
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 6.5 -0.5
IEV iShares Europe ETF 0.5 67 -8 6.2 -0.9
WWJD Inspire International ETF 0.5 80 -21 6.6 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 5.8 -1.3
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.0 -1.0
THD iShares MSCI Thailand ETF 0.5 58 1 0.0 -7.1
AVIV Avantis International Large Cap Value ETF 0.4 25 34 7.3 +0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -11 7.8 +0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 27 5.5 -1.5
EFNL iShares MSCI Finland ETF 0.4 56 3 6.3 -0.8
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.3 -0.7
CGDG Capital Group Dividend Growers ETF 0.4 47 12 5.3 -1.8
VT Vanguard Total World Stock ETF 0.4 6 53 5.4 -1.7
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 49 6.2 -0.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 1 7.9 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 49 5.4 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 6.9 -0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 6.0 -1.0
XCEM Columbia EM Core ex-China ETF 0.4 16 43 5.8 -1.3
EFG iShares MSCI EAFE Growth ETF 0.4 36 23 4.0 -3.1
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 1 -0.3 -7.4
FLBR Franklin FTSE Brazil ETF 0.4 19 40 11.8 +4.7
BRAZ Global X Brazil Active ETF 0.4 75 -16 10.0 +2.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 39 5.9 -1.2
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 52 6.3 -0.7
FRGN Horizon International Equity ETF 0.3 75 -16 8.7 +1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.8 -0.3
FJP First Trust Japan AlphaDEX Fund 0.3 80 -21 7.7 +0.7
AVDS Avantis International Small Cap Equity ETF 0.3 30 29 6.3 -0.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 7.0 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 5.4 -1.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 5.0 -2.0
TPIF Timothy Plan International ETF 0.3 62 -3 5.8 -1.3
AGNG Global X Aging Population ETF 0.3 50 9 4.2 -2.9
DXIV Dimensional International Vector Equity ETF 0.3 34 25 6.9 -0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 4.5 -2.5
EWG iShares MSCI Germany ETF 0.3 50 9 6.2 -0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 8.3 +1.2
VYMI Vanguard International High Dividend Yield ETF 0.3 17 42 8.4 +1.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 8.1 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 35 6.3 -0.8
FLGR Franklin FTSE Germany ETF 0.3 9 50 6.8 -0.2
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 0.0 -7.1
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 0.0 -7.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 6.3 -0.7
DFIV Dimensional International Value ETF 0.3 27 32 8.2 +1.2
SCHE Schwab Emerging Markets Equity ETF 0.3 11 48 9.9 +2.9
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 43 7.6 +0.6
URTH iShares MSCI World ETF 0.2 24 35 4.7 -2.4
BLES Inspire Global Hope ETF 0.2 61 -2 6.1 -1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 9.7 +2.6
AFK VanEck Africa Index ETF 0.2 98 -39 11.3 +4.2
ACWI iShares MSCI ACWI ETF 0.2 32 27 5.0 -2.0
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 52 9.6 +2.6
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 12.7 +5.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 14 4.6 -2.5
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 9.0 +2.0
CIL VictoryShares International Volatility Wtd ETF 0.2 45 14 5.7 -1.3
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 50 6.5 -0.5
IPKW Invesco International BuyBack Achievers ETF 0.2 55 4 8.4 +1.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 6.0 -1.1
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 11 6.1 -1.0
STXI Strive International Developed Markets ETF 0.2 29 30 6.0 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 12 8.0 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 4.7 -2.4
TOK iShares MSCI Kokusai ETF 0.2 26 33 4.6 -2.4
SCHY Schwab International Dividend Equity ETF 0.2 14 45 8.5 +1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 14.1 +7.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 26 7.1 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 8.0 +1.0
IGRO iShares International Dividend Growth ETF 0.2 15 44 7.0 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -7 8.0 +1.0
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 8.4 +1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 23 8.4 +1.4
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 8.7 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.3 -1.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 11.0 +3.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.0 -0.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 6.0 -1.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 8.7 +1.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.3 -1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 29 8.9 +1.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.0 -2.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 1 6.9 -0.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 7.5 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 9.3 +2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.8 -3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 7.6 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.0 +2.9
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 7.9 +0.8
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 3.6 -3.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.7 +0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.5 +0.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 8.8 +1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 7.7 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 30 8.0 +1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.7 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 9.1 +2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 9.0 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 8.5 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 8.5 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 8.3 +1.3
AVES Avantis Emerging Markets Value ETF 0.0 36 23 9.5 +2.4
AVDV Avantis International Small Cap Value ETF 0.0 36 23 8.2 +1.1

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

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RESULTS & ESTIMATES

  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 0.9 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		 1.65 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.