SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 12.5x 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) $265
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 119
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 5.6 %
SEGRO PLC 3.8 %
SCENTRE GROUP 3.1 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 3.0 %
LINK REIT 2.8 %
SWISS PRIME SITE-REG 2.7 %
CAPITAMALL TRUST 2.5 %
KLEPIERRE 2.1 %
ASCENDAS REAL ESTATE INV TRT 1.7 %
PSP SWISS PROPERTY AG-REG 1.7 %
Total 29.0 %

TOP COUNTRY EXPOSURE
JAPAN 25.8 %
BRITAIN 13.2 %
SINGAPORE 9.4 %
AUSTRALIA 8.1 %
HONG KONG 5.7 %
SWITZERLAND 4.9 %
FRANCE 3.7 %
SWEDEN 3.4 %
NETHERLANDS 3.0 %
ISRAEL 3.0 %

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.
-1.6% 2.6% -1.9% 0.7% 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.58 28%
MSCI EAFE 0.68 61%
MSCI Emg. Mkts. 0.35 33%

Technical Indicators
Recent close $27.60
30d moving avg. $26.97
Annualized volatility 17.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 43
Turnover 0.5%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 294 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 43.6 10 49 8.5 +1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 42.6 12 47 8.5 +1.5
RWO SPDR Dow Jones Global Real Estate ETF 25.0 50 9 5.9 -1.1
VGSR Vert Global Sustainable Real Estate ETF 23.0 47 12 6.7 -0.4
ERET iShares Environmentally Aware Real Estate ETF 21.3 30 29 6.6 -0.5
AVRE Avantis Real Estate ETF 17.3 17 42 6.5 -0.5
REET iShares Global REIT ETF 17.2 14 45 6.6 -0.5
DFGR Dimensional Global Real Estate ETF 16.2 22 37 6.7 -0.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 14.4 60 -1 5.4 -1.7
ERTH Invesco MSCI Sustainable Future ETF 14.1 62 -3 3.3 -3.8
INDS Pacer Industrial Real Estate ETF 13.2 55 4 5.8 -1.3
IDLV Invesco S&P International Developed Low Volatility ETF 12.0 25 34 6.3 -0.8
WTRE WisdomTree New Economy Real Estate Fund 11.7 58 1 -0.3 -7.4
GQRE FlexShares Global Quality Real Estate Index Fund 11.3 45 14 7.0 -0.1
IQRA IQ CBRE Real Assets ETF 9.7 65 -6 5.6 -1.5
JIVE JPMorgan International Value ETF 8.4 55 4 8.1 +1.1
DWX SPDR S&P International Dividend ETF 8.3 45 14 6.7 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 7.6 59 0 7.2 +0.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.2 80 -21 5.3 -1.7
EFAS Global X MSCI SuperDividend EAFE ETF 7.0 57 2 7.1 +0.0
FID First Trust S&P International Dividend Aristocrats ETF 6.6 60 -1 7.7 +0.6
SCZ iShares MSCI EAFE Small-Cap ETF 5.8 40 19 6.2 -0.9
REAI Intelligent Real Estate ETF 5.8 59 0 5.4 -1.6
SCJ iShares MSCI Japan Small-Cap ETF 5.6 50 9 5.6 -1.5
WDIV SPDR S&P Global Dividend ETF 5.5 40 19 8.9 +1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 5.2 37 22 7.1 +0.0
IEUS iShares MSCI Europe Small-Cap ETF 5.2 42 17 6.9 -0.2
FEP First Trust Europe AlphaDEX Fund 4.9 80 -21 6.9 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.8 49 10 6.1 -0.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.7 12 47 5.3 -1.8
DIM WisdomTree International MidCap Dividend Fund 4.5 58 1 6.3 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 4.4 80 -21 7.2 +0.1
FIDI Fidelity International High Dividend ETF 4.4 18 41 7.1 -0.0
EWS iShares MSCI Singapore ETF 4.2 50 9 3.8 -3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.2 78 -19 9.5 +2.4
FEUZ First Trust Eurozone AlphaDEX ETF 4.0 80 -21 6.6 -0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.0 80 -21 7.0 -0.0
RCGE RockCreek Global Equality ETF 4.0 95 -36 5.9 -1.2
BLDG Cambria Global Real Estate ETF 4.0 60 -1 10.5 +3.4
FNDC Schwab Fundamental International Small Co. Index ETF 3.9 39 20 6.9 -0.2
EWH iShares MSCI Hong Kong ETF 3.9 50 9 5.3 -1.8
ISCF iShares International SmallCap Equity Factor ETF 3.8 23 36 7.4 +0.3
SRET Global X SuperDividend REIT ETF 3.6 59 0 12.2 +5.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.6 80 -21 7.7 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.5 24 35 6.9 -0.1
SCHC Schwab International Small-Cap Equity ETF 3.2 11 48 6.8 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 3.2 49 10 4.7 -2.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.2 19 40 5.3 -1.8
JHID John Hancock International High Dividend ETF 3.1 46 13 7.9 +0.8
GVAL Cambria Global Value ETF 3.0 68 -9 8.6 +1.5
EIS iShares MSCI Israel ETF 3.0 58 1 6.8 -0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.8 32 27 5.3 -1.8
FLMX Franklin FTSE Mexico ETF 2.8 19 40 8.9 +1.8
EWW iShares MSCI Mexico ETF 2.8 50 9 8.4 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.6 50 9 5.8 -1.3
FLLA Franklin FTSE Latin America ETF 2.6 19 40 10.7 +3.7
EWK iShares MSCI Belgium ETF 2.6 50 9 3.8 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.6 12 47 4.5 -2.6
EPP iShares MSCI Pacific ex-Japan ETF 2.6 47 12 4.9 -2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 51 6.5 -0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 2.3 55 4 5.8 -1.2
IPAC iShares Core MSCI Pacific ETF 2.3 9 50 5.5 -1.6
DTH WisdomTree International High Dividend Fund 2.3 58 1 7.3 +0.2
ISRA VanEck Israel ETF 2.1 59 0 6.1 -1.0
FLN First Trust Latin America AlphaDEX Fund 2.1 80 -21 10.0 +2.9
WSML iShares MSCI World Small-Cap ETF 2.1 15 44 5.4 -1.7
FLAU Franklin FTSE Australia ETF 2.0 9 50 5.9 -1.2
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -6 5.2 -1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.9 58 1 8.7 +1.7
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 1 6.2 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.9 29 30 7.0 -0.1
BYRE Principal Real Estate Active Opportunities ETF 1.8 65 -6 6.7 -0.4
VPL Vanguard FTSE Pacific ETF 1.8 7 52 5.3 -1.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.8 22 37 5.7 -1.4
BKCI BNY Mellon Concentrated International ETF 1.7 80 -21 4.9 -2.1
FSZ First Trust Switzerland AlphaDEX Fund 1.7 80 -21 5.3 -1.8
GWX SPDR S&P International Small Cap ETF 1.7 40 19 6.1 -1.0
RITA ETFB Green SRI REITs ETF 1.6 50 9 5.1 -2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 1.5 12 47 4.9 -2.2
INTF iShares International Equity Factor ETF 1.5 15 44 6.5 -0.6
IEFA iShares Core MSCI EAFE ETF 1.5 7 52 6.1 -1.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 1 9.1 +2.0
FLJP Franklin FTSE Japan ETF 1.5 9 50 5.4 -1.7
EWA iShares MSCI Australia ETF 1.5 50 9 5.3 -1.8
FLJH Franklin FTSE Japan Hedged ETF 1.5 9 50 5.0 -2.1
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 1 7.5 +0.5
EFV iShares MSCI EAFE Value ETF 1.5 34 25 7.5 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 1.4 4 55 6.0 -1.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.4 80 -21 9.6 +2.5
EWQ iShares MSCI France ETF 1.4 53 6 6.7 -0.4
RAYJ Rayliant SMDAM Japan Equity ETF 1.4 72 -13 3.1 -3.9
EWJV iShares MSCI Japan Value ETF 1.3 15 44 6.7 -0.3
LVHI Franklin International Low Volatility High Dividend Index ET 1.3 40 19 7.3 +0.2
VEA Vanguard FTSE Developed Markets ETF 1.3 3 56 6.0 -1.1
FRDM Freedom 100 Emerging Markets ETF 1.3 49 10 5.6 -1.5
ECH iShares MSCI Chile ETF 1.3 58 1 7.8 +0.7
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 12 7.5 +0.5
VSGX Vanguard ESG International Stock ETF 1.3 10 49 6.7 -0.4
DISV Dimensional International Small Cap Value ETF 1.2 42 17 8.2 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 20 6.3 -0.8
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 39 5.8 -1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 14 9.7 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 56 5.9 -1.2
FLSW Franklin FTSE Switzerland ETF 1.2 9 50 5.8 -1.3
IQSI IQ Candriam International Equity ETF 1.2 15 44 5.6 -1.5
DFIS Dimensional International Small Cap ETF 1.1 39 20 6.2 -0.8
DWM WisdomTree International Equity Fund 1.1 48 11 5.6 -1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 40 19 5.6 -1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.1 20 39 5.6 -1.5
SCHF Schwab International Equity ETF 1.1 6 53 6.0 -1.1
BINV Brandes International ETF 1.0 70 -11 8.5 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -21 9.1 +2.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 -8 12.5 +5.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.0 25 34 10.8 +3.7
IXUS iShares Core MSCI Total International Stock ETF 1.0 7 52 6.7 -0.4
IEUR iShares Core MSCI Europe ETF 1.0 11 48 6.4 -0.7
VXUS Vanguard Total International Stock ETF 1.0 5 54 6.7 -0.4
VGK Vanguard FTSE Europe ETF 1.0 6 53 6.6 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -24 7.5 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 20 7.0 -0.1
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 27 6.6 -0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.0 34 25 5.3 -1.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -31 3.8 -3.3
EWD iShares MSCI Sweden ETF 0.9 54 5 5.2 -1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.9 70 -11 6.9 -0.2
SPEU SPDR Portfolio Europe ETF 0.9 7 52 6.5 -0.6
EWL iShares MSCI Switzerland ETF 0.9 50 9 5.6 -1.5
DVYA iShares Asia/Pacific Dividend ETF 0.9 49 10 6.9 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 55 6.8 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.9 20 39 5.8 -1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.9 30 29 6.1 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.9 20 39 5.6 -1.5
IMOM Alpha Architect International Quantitative Momentum ETF 0.8 49 10 4.5 -2.6
BKIE BNY Mellon International Equity ETF 0.8 4 55 18.0 +10.9
EFA iShares MSCI EAFE ETF 0.8 35 24 5.8 -1.3
HEFA iShares Currency Hedged MSCI EAFE ETF 0.8 35 24 5.6 -1.4
FLGB Franklin FTSE United Kingdom ETF 0.8 9 50 6.7 -0.4
BBJP JPMorgan BetaBuilders Japan ETF 0.8 19 40 5.3 -1.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 -4 10.4 +3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 14 6.8 -0.3
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 4.5 -2.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 3.5 -3.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 4 4.1 -3.0
ILF iShares Latin America 40 ETF 0.7 48 11 9.6 +2.6
EWU iShares MSCI United Kingdom ETF 0.7 50 9 7.2 +0.1
FDD First Trust Stoxx European Select Dividend Index Fund 0.7 58 1 9.8 +2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 10 8.9 +1.8
JPXN iShares JPX-Nikkei 400 ETF 0.7 48 11 5.4 -1.7
EWJ iShares MSCI Japan ETF 0.7 50 9 4.9 -2.2
EMM Global X Emerging Markets ex-China ETF 0.7 75 -16 5.0 -2.1
HEWJ iShares Currency Hedged MSCI Japan ETF 0.7 50 9 5.3 -1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.7 36 23 5.2 -1.9
AVSD Avantis Responsible International Equity ETF 0.7 23 36 5.9 -1.1
AVDS Avantis International Small Cap Equity ETF 0.7 30 29 6.1 -0.9
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 5.5 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.6 14 45 5.3 -1.8
IPKW Invesco International BuyBack Achievers ETF 0.6 55 4 8.0 +0.9
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 0 4.5 -2.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.6 47 12 4.5 -2.5
FIVA Fidelity International Value Factor ETF 0.6 18 41 7.2 +0.1
FLEE Franklin FTSE Europe ETF 0.6 9 50 6.3 -0.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 9.6 +2.5
FENI Fidelity Enhanced International ETF 0.6 28 31 5.8 -1.3
JHMD John Hancock Multifactor Developed International ETF 0.6 39 20 6.2 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 40 7.4 +0.3
UIVM VictoryShares International Value Momentum ETF 0.6 35 24 8.0 +0.9
THD iShares MSCI Thailand ETF 0.6 58 1 0.0 -7.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 6.1 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 0.6 44 15 7.7 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.9 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 39 4.8 -2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 17 8.1 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 25 6.4 -0.6
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 5.7 -1.4
AVDE Avantis International Equity ETF 0.5 23 36 6.2 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.5 45 14 5.4 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 41 6.4 -0.7
FEOE First Eagle Overseas Equity ETF 0.5 79 -20 6.1 -0.9
GLOF iShares Global Equity Factor ETF 0.5 20 39 5.6 -1.4
FRGN Horizon International Equity ETF 0.5 75 -16 7.9 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 49 5.0 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.6 +2.5
IEV iShares Europe ETF 0.5 67 -8 5.9 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 6.3 -0.8
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 12.4 +5.3
TPIF Timothy Plan International ETF 0.5 62 -3 5.6 -1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 39 5.7 -1.4
DEW WisdomTree Global High Dividend Fund 0.5 58 1 7.0 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 34 6.3 -0.7
AGNG Global X Aging Population ETF 0.5 50 9 4.2 -2.9
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 29 8.0 +1.0
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -16 8.0 +0.9
AVIV Avantis International Large Cap Value ETF 0.4 25 34 6.9 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 18 5.9 -1.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.4 25 34 5.5 -1.6
WWJD Inspire International ETF 0.4 80 -21 6.4 -0.7
DWMF WisdomTree International Multifactor Fund 0.4 38 21 6.8 -0.3
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 11 8.9 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 27 4.9 -2.1
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.0 -1.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 34 6.2 -0.9
EZU iShares MSCI Eurozone ETF 0.4 52 7 5.7 -1.4
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.4 53 6 5.4 -1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -11 7.2 +0.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 1 7.7 +0.6
VT Vanguard Total World Stock ETF 0.4 6 53 5.1 -2.0
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 6.5 -0.6
EFNL iShares MSCI Finland ETF 0.4 56 3 6.0 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.4 46 13 5.3 -1.8
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 52 5.8 -1.3
FLBR Franklin FTSE Brazil ETF 0.3 19 40 11.9 +4.9
BRAZ Global X Brazil Active ETF 0.3 75 -16 10.4 +3.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -21 12.6 +5.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 24 5.7 -1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 5.8 -1.3
DFIV Dimensional International Value ETF 0.3 27 32 7.7 +0.6
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 49 6.0 -1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -6 6.9 -0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.5 -0.6
DXIV Dimensional International Vector Equity ETF 0.3 34 25 6.6 -0.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 4.7 -2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -29 8.4 +1.3
IDV iShares International Select Dividend ETF 0.3 51 8 9.2 +2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 28 5.4 -1.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.3 33 26 6.3 -0.8
SCHE Schwab Emerging Markets Equity ETF 0.3 11 48 9.6 +2.5
AFK VanEck Africa Index ETF 0.3 98 -39 11.7 +4.6
XCEM Columbia EM Core ex-China ETF 0.3 16 43 5.1 -1.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 4.0 -3.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 7.8 +0.7
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 52 9.4 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 52 9.7 +2.6
FLGR Franklin FTSE Germany ETF 0.2 9 50 6.8 -0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 30 7.0 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 35 5.4 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 8.5 +1.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 50 6.6 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 13.1 +6.1
FLSA Franklin FTSE Saudi Arabia ETF 0.2 39 20 0.0 -7.1
KSA iShares MSCI Saudi Arabia ETF 0.2 74 -15 0.0 -7.1
BLES Inspire Global Hope ETF 0.2 61 -2 5.7 -1.3
ACWI iShares MSCI ACWI ETF 0.2 32 27 4.7 -2.4
URTH iShares MSCI World ETF 0.2 24 35 4.4 -2.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 9.2 +2.1
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 50 6.2 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 29 7.7 +0.7
SCHY Schwab International Dividend Equity ETF 0.2 14 45 8.4 +1.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.2 53 6 5.3 -1.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 5.3 -1.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 26 6.9 -0.2
STXI Strive International Developed Markets ETF 0.2 29 30 6.3 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 13.5 +6.5
TOK iShares MSCI Kokusai ETF 0.2 26 33 4.3 -2.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 7.4 +0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 29 8.3 +1.2
CIL VictoryShares International Volatility Wtd ETF 0.2 45 14 5.9 -1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 23 7.9 +0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 0 8.8 +1.8
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 34 5.2 -1.9
VYMI Vanguard International High Dividend Yield ETF 0.1 17 42 7.9 +0.8
IGRO iShares International Dividend Growth ETF 0.1 15 44 6.6 -0.5
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 43 6.8 -0.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 7.3 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 4.4 -2.6
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 5.6 -1.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 69 -10 7.8 +0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.9 -2.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 8.1 +1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 7.6 +0.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 24.9 +17.9
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 14 4.5 -2.6
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 12.0 +4.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.2 +0.1
AVES Avantis Emerging Markets Value ETF 0.1 36 23 9.3 +2.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.2 -1.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 10 7.8 +0.7
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.2 +0.2
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 6.6 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 8.3 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 7.3 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 8.3 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 35 5.8 -1.3
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.5 -3.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 10 7.7 +0.7
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 2.5 -4.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.4 -1.7
AVDV Avantis International Small Cap Value ETF 0.1 36 23 7.9 +0.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 39 5.7 -1.3
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 34 9.3 +2.2
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 3.9 -3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 8.4 +1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 26 6.9 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 17 4.1 -2.9

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.