SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 5.9x
P/BV
ratio		 0.9x Div.
yield		 5.6%


  • 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) $289
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) $7,977
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 7.0 %
SCENTRE GROUP 3.1 %
SEGRO PLC 2.8 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.7 %
SWISS PRIME SITE-REG 2.7 %
LINK REIT 2.5 %
CAPITAMALL TRUST 2.3 %
KLEPIERRE 1.9 %
ASCENDAS REAL ESTATE INV TRT 1.8 %
PSP SWISS PROPERTY AG-REG 1.8 %
Total 28.6 %

TOP COUNTRY EXPOSURE
JAPAN 29.4 %
BRITAIN 11.8 %
SINGAPORE 9.4 %
AUSTRALIA 8.8 %
SWITZERLAND 5.0 %
HONG KONG 4.6 %
SWEDEN 4.1 %
FRANCE 3.6 %
BELGIUM 2.8 %
NETHERLANDS 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.2% 26.2% 0.2% 1.6% 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.30 21%
MSCI EAFE 0.58 55%
MSCI Emg. Mkts. 0.42 32%

Technical Indicators
Recent close $28.39
30d moving avg. $27.99
Annualized volatility 17.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.5%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 278 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™: 6.6%


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 51.1 48 11 6.6 +0.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.6 10 49 6.4 -0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 40.5 12 47 8.0 +1.5
RWO SPDR Dow Jones Global Real Estate ETF 28.3 50 9 6.6 +0.1
VGSR Vert Global Sustainable Real Estate ETF 24.5 47 12 7.1 +0.5
ERET iShares Environmentally Aware Real Estate ETF 24.0 30 29 7.0 +0.4
AVRE Avantis Real Estate ETF 19.1 17 42 6.9 +0.3
REET iShares Global REIT ETF 18.5 14 45 7.2 +0.6
DFGR Dimensional Global Real Estate ETF 17.8 22 37 7.4 +0.8
DWX SPDR S&P International Dividend ETF 15.6 45 14 6.8 +0.2
ERTH Invesco MSCI Sustainable Future ETF 13.6 62 -3 3.1 -3.4
GQRE FlexShares Global Quality Real Estate Index Fund 13.4 45 14 7.5 +0.9
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.0 60 -1 5.4 -1.2
INDS Pacer Industrial Real Estate ETF 12.4 55 4 6.1 -0.4
IDLV Invesco S&P International Developed Low Volatility ETF 12.2 25 34 6.2 -0.3
SRET Global X SuperDividend REIT ETF 10.8 59 0 11.1 +4.5
IQRA IQ CBRE Real Assets ETF 10.5 65 -6 5.4 -1.2
JIVE JPMorgan International Value ETF 10.3 55 4 9.5 +3.0
EWUS iShares MSCI United Kingdom Small Cap ETF 7.7 59 0 6.9 +0.3
SCJ iShares MSCI Japan Small-Cap ETF 7.0 50 9 5.9 -0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.4 80 -21 5.5 -1.1
SCZ iShares MSCI EAFE Small-Cap ETF 5.9 40 19 6.2 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 22 7.2 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.4 49 10 6.1 -0.5
FKU First Trust United Kingdom AlphaDEX Fund 5.4 80 -21 6.4 -0.2
IEUS iShares MSCI Europe Small-Cap ETF 5.1 42 17 6.6 +0.0
DIM WisdomTree International MidCap Dividend Fund 5.0 58 1 6.5 -0.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.9 12 47 5.2 -1.4
FID First Trust S&P International Dividend Aristocrats ETF 4.9 60 -1 7.2 +0.7
REAI Intelligent Real Estate ETF 4.7 59 0 14.4 +7.8
WDIV SPDR S&P Global Dividend ETF 4.5 40 19 8.3 +1.7
FIDI Fidelity International High Dividend ETF 4.4 18 41 7.4 +0.8
BYRE Principal Real Estate Active Opportunities ETF 4.3 65 -6 6.3 -0.3
FEP First Trust Europe AlphaDEX Fund 4.3 80 -21 6.8 +0.3
BLDG Cambria Global Real Estate ETF 4.2 60 -1 10.9 +4.4
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 20 5.2 -1.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.1 78 -19 8.6 +2.1
EWS iShares MSCI Singapore ETF 4.1 50 9 4.2 -2.4
RCGE RockCreek Global Equality ETF 3.9 95 -36 6.1 -0.5
SDG iShares MSCI Global Sustainable Development Goals ETF 3.8 49 10 4.8 -1.7
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 2 7.7 +1.1
EWH iShares MSCI Hong Kong ETF 3.5 50 9 4.9 -1.7
RAYJ Rayliant SMDAM Japan Equity ETF 3.5 72 -13 3.2 -3.3
SCHC Schwab International Small-Cap Equity ETF 3.4 11 48 6.7 +0.1
ISCF iShares International SmallCap Equity Factor ETF 3.4 23 36 7.3 +0.7
RITA ETFB Green SRI REITs ETF 3.4 50 9 5.5 -1.1
FEUZ First Trust Eurozone AlphaDEX ETF 3.3 80 -21 6.6 -0.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.3 19 40 5.1 -1.5
VWID Virtus WMC International Dividend ETF 3.0 49 10 7.4 +0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.0 32 27 5.5 -1.1
FDEV Fidelity International Multifactor ETF 2.8 18 41 6.6 0.0
EWK iShares MSCI Belgium ETF 2.8 50 9 4.0 -2.6
GVAL Cambria Global Value ETF 2.8 68 -9 9.0 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 2.8 47 12 4.9 -1.6
IPAC iShares Core MSCI Pacific ETF 2.7 9 50 5.7 -0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 9 5.5 -1.1
DWMF WisdomTree International Multifactor Fund 2.5 38 21 6.4 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 51 6.4 -0.2
FLMX Franklin FTSE Mexico ETF 2.4 19 40 8.3 +1.8
EWW iShares MSCI Mexico ETF 2.4 50 9 7.7 +1.1
DTH WisdomTree International High Dividend Fund 2.4 58 1 7.4 +0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.4 12 47 4.4 -2.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.4 24 35 6.4 -0.2
FSZ First Trust Switzerland AlphaDEX Fund 2.4 80 -21 5.6 -0.9
VPL Vanguard FTSE Pacific ETF 2.3 7 52 5.7 -0.9
FLAU Franklin FTSE Australia ETF 2.2 9 50 5.9 -0.6
EUDV ProShares MSCI Europe Dividend Growers ETF 2.2 55 4 5.5 -1.1
UIVM VictoryShares International Value Momentum ETF 2.1 35 24 7.5 +0.9
ASEA Global X FTSE Southeast Asia ETF 2.1 65 -6 5.4 -1.1
FLJP Franklin FTSE Japan ETF 2.1 9 50 5.5 -1.1
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 5.4 -1.1
AIVI WisdomTree International AI Enhanced Value Fund 2.0 58 1 6.1 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 1.9 12 47 5.0 -1.6
JHID John Hancock International High Dividend ETF 1.9 46 13 8.3 +1.8
BKCI BNY Mellon Concentrated International ETF 1.8 80 -21 4.6 -2.0
FLLA Franklin FTSE Latin America ETF 1.8 19 40 11.0 +4.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -21 7.1 +0.6
ISRA VanEck Israel ETF 1.8 59 0 5.8 -0.8
EIS iShares MSCI Israel ETF 1.8 58 1 6.2 -0.4
IEFA iShares Core MSCI EAFE ETF 1.7 7 52 6.1 -0.5
INTF iShares International Equity Factor ETF 1.7 15 44 6.6 -0.0
EWA iShares MSCI Australia ETF 1.6 50 9 5.5 -1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.6 29 30 6.9 +0.3
FLN First Trust Latin America AlphaDEX Fund 1.6 80 -21 9.7 +3.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 37 5.6 -1.0
GWX SPDR S&P International Small Cap ETF 1.6 40 19 5.8 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 55 6.1 -0.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 1 7.3 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 20 5.7 -0.8
VEA Vanguard FTSE Developed Markets ETF 1.4 3 56 6.1 -0.5
IQSI IQ Candriam International Equity ETF 1.4 15 44 5.6 -0.9
EFV iShares MSCI EAFE Value ETF 1.4 34 25 7.8 +1.2
VSGX Vanguard ESG International Stock ETF 1.4 10 49 6.7 +0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 1.3 20 39 6.0 -0.6
EWQ iShares MSCI France ETF 1.3 53 6 6.2 -0.4
EWD iShares MSCI Sweden ETF 1.3 54 5 4.5 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 1 8.4 +1.8
LVHI Franklin International Low Volatility High Dividend Index ET 1.3 40 19 9.2 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 56 6.0 -0.6
DISV Dimensional International Small Cap Value ETF 1.2 42 17 7.9 +1.3
DFIS Dimensional International Small Cap ETF 1.2 39 20 6.1 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 14 9.3 +2.8
FLSW Franklin FTSE Switzerland ETF 1.2 9 50 5.5 -1.1
SCHF Schwab International Equity ETF 1.2 6 53 6.2 -0.4
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 52 6.7 +0.1
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 1 7.2 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 1.1 32 27 5.5 -1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -24 8.0 +1.4
DWM WisdomTree International Equity Fund 1.1 48 11 6.4 -0.2
VXUS Vanguard Total International Stock ETF 1.1 5 54 6.8 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 19 6.4 -0.2
BBJP JPMorgan BetaBuilders Japan ETF 1.1 19 40 5.8 -0.8
IEUR iShares Core MSCI Europe ETF 1.1 11 48 6.3 -0.3
ESGD iShares ESG Aware MSCI EAFE ETF 1.0 20 39 5.7 -0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 20 6.8 +0.2
VGK Vanguard FTSE Europe ETF 1.0 6 53 6.4 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 5.8 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.0 45 14 7.4 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -21 7.9 +1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 28 5.8 -0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.0 80 -21 9.2 +2.7
SPEU SPDR Portfolio Europe ETF 1.0 7 52 6.3 -0.2
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 6.9 +0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -21 10.1 +3.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.9 20 39 5.5 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 55 6.8 +0.3
EWJ iShares MSCI Japan ETF 0.9 50 9 5.2 -1.4
JPXN iShares JPX-Nikkei 400 ETF 0.9 48 11 5.7 -0.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -31 4.3 -2.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 34 10.6 +4.0
BINV Brandes International ETF 0.9 70 -11 8.2 +1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 4.9 -1.6
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 6.6 +0.1
BKIE BNY Mellon International Equity ETF 0.9 4 55 6.0 -0.5
EFA iShares MSCI EAFE ETF 0.9 35 24 5.8 -0.8
EWL iShares MSCI Switzerland ETF 0.9 50 9 5.2 -1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.8 14 45 5.5 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 39 4.8 -1.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.8 30 29 6.0 -0.5
SDIV Global X Superdividend ETF 0.8 58 1 15.1 +8.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.8 36 23 5.8 -0.8
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 12 7.5 +1.0
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 4.4 -2.2
DTCR Global X Data Center & Digital Infrastructure ETF 0.7 50 9 3.1 -3.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 4 4.1 -2.5
ILF iShares Latin America 40 ETF 0.7 48 11 10.0 +3.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 40 7.4 +0.8
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.3 -0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 6.2 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 5.6 -0.9
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 5.4 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 41 6.4 -0.1
EWU iShares MSCI United Kingdom ETF 0.6 50 9 6.9 +0.3
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 5.6 -1.0
JHMD John Hancock Multifactor Developed International ETF 0.6 39 20 6.5 -0.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 10 8.6 +2.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 -4 11.7 +5.2
AVSD Avantis Responsible International Equity ETF 0.6 23 36 4.6 -1.9
FIVA Fidelity International Value Factor ETF 0.6 18 41 8.0 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 6.5 -0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 10.0 +3.4
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 6.7 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 6.4 -0.2
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 34 5.1 -1.4
AVDE Avantis International Equity ETF 0.6 23 36 6.3 -0.3
GLOF iShares Global Equity Factor ETF 0.6 20 39 6.0 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 6.8 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 6.1 -0.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 7.9 +1.4
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 5.5 -1.1
DEW WisdomTree Global High Dividend Fund 0.5 58 1 7.5 +0.9
EWJV iShares MSCI Japan Value ETF 0.5 15 44 7.4 +0.8
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 8.7 +2.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 17 8.5 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 6.4 -0.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.5 24 35 6.3 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.3 +2.7
FENI Fidelity Enhanced International ETF 0.5 28 31 5.6 -1.0
THD iShares MSCI Thailand ETF 0.5 58 1 0.0 -6.6
EFNL iShares MSCI Finland ETF 0.5 56 3 5.8 -0.8
EZU iShares MSCI Eurozone ETF 0.5 52 7 5.7 -0.9
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 6.3 -0.3
WWJD Inspire International ETF 0.5 80 -21 6.4 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 5.9 -0.7
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 10.7 +4.2
IEV iShares Europe ETF 0.5 67 -8 5.8 -0.8
AVIV Avantis International Large Cap Value ETF 0.4 25 34 7.4 +0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 27 5.3 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -11 7.1 +0.6
CGDG Capital Group Dividend Growers ETF 0.4 47 12 5.4 -1.2
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 1 7.2 +0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 49 5.0 -1.6
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.0 -0.5
VT Vanguard Total World Stock ETF 0.4 6 53 5.1 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 6.5 -0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 5.7 -0.8
XCEM Columbia EM Core ex-China ETF 0.4 16 43 6.5 -0.1
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 1 4.8 -1.7
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 49 5.8 -0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 39 5.6 -1.0
EFG iShares MSCI EAFE Growth ETF 0.3 36 23 3.6 -2.9
AVDS Avantis International Small Cap Equity ETF 0.3 30 29 5.9 -0.7
FLBR Franklin FTSE Brazil ETF 0.3 19 40 12.8 +6.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 6.9 +0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.6 -0.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 5.0 -1.6
DXIV Dimensional International Vector Equity ETF 0.3 34 25 6.6 +0.0
TPIF Timothy Plan International ETF 0.3 62 -3 5.4 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 4.7 -1.9
AGNG Global X Aging Population ETF 0.3 50 9 4.0 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 4.7 -1.8
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 0.0 -6.6
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 0.0 -6.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 7.0 +0.4
EWG iShares MSCI Germany ETF 0.3 50 9 5.9 -0.7
VYMI Vanguard International High Dividend Yield ETF 0.3 17 42 8.2 +1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 35 6.1 -0.5
FLGR Franklin FTSE Germany ETF 0.3 9 50 6.5 -0.0
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 7.8 +1.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 6.2 -0.3
DFIV Dimensional International Value ETF 0.3 27 32 8.0 +1.5
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 43 7.1 +0.5
BLES Inspire Global Hope ETF 0.2 61 -2 6.0 -0.6
AFK VanEck Africa Index ETF 0.2 98 -39 10.9 +4.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 9.4 +2.9
URTH iShares MSCI World ETF 0.2 24 35 4.4 -2.1
ACWI iShares MSCI ACWI ETF 0.2 32 27 4.7 -1.8
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 14 4.6 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 11.2 +4.6
CIL VictoryShares International Volatility Wtd ETF 0.2 45 14 5.7 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 50 6.2 -0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 6.5 -0.1
IPKW Invesco International BuyBack Achievers ETF 0.2 55 4 7.9 +1.4
SCHY Schwab International Dividend Equity ETF 0.2 14 45 8.8 +2.2
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 11 6.1 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 8.4 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 12 6.9 +0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 4.6 -2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 13.4 +6.8
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 52 9.0 +2.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 26 6.8 +0.2
TOK iShares MSCI Kokusai ETF 0.2 26 33 4.4 -2.2
STXI Strive International Developed Markets ETF 0.2 29 30 5.7 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 8.1 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 5.7 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 10.1 +3.6
IGRO iShares International Dividend Growth ETF 0.1 15 44 6.3 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.9 -1.7
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 10.6 +4.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 7.9 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 29 8.0 +1.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.1 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.2 -1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.8 -0.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 1 6.4 -0.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 6.9 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 7.5 +1.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 7.9 +1.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 6.0 -0.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 8.0 +1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 8.0 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 7.4 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 9.2 +2.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.5 -3.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 3.2 -3.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 7.2 +0.6
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.3 +0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 7.4 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 8.4 +1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.5 -1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.0 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 7.8 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 8.9 +2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 8.3 +1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 7.5 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 8.2 +1.6
AVES Avantis Emerging Markets Value ETF 0.0 36 23 9.3 +2.8
AVDV Avantis International Small Cap Value ETF 0.0 36 23 7.6 +1.0

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

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

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 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.