SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.5x P/Sales
ratio		 5.4x
P/BV
ratio		 0.8x 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) $276
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 6.7 %
LINK REIT 3.2 %
SCENTRE GROUP 3.0 %
SEGRO PLC 2.9 %
SWISS PRIME SITE-REG 2.6 %
CAPITAMALL TRUST 2.2 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.0 %
KLEPIERRE 2.0 %
PSP SWISS PROPERTY AG-REG 1.9 %
NIPPON BUILDING FUND INC 1.9 %
Total 28.2 %

TOP COUNTRY EXPOSURE
JAPAN 30.2 %
BRITAIN 11.8 %
SINGAPORE 9.8 %
AUSTRALIA 8.8 %
HONG KONG 5.0 %
SWITZERLAND 4.5 %
FRANCE 4.0 %
SWEDEN 3.6 %
BELGIUM 2.6 %
CANADA 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.3% 7.9% 2.3% -0.6% 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.78 40%
MSCI EAFE 1.01 70%
MSCI Emg. Mkts. 0.87 52%

Technical Indicators
Recent close $26.15
30d moving avg. $25.30
Annualized volatility 20.6%
Short interest (ETF) 0.7%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 239
Turnover 2.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 272 potential alternatives to the SPDR Dow Jones International Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with RWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWX Expense: 59 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWX
Ticker Fund
Name		 Overlap1
vs RWX
(%)		 Expense
ratio
(bp)		 Savings
vs RWX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RWX
(%)
IFGL iShares International Developed Real Estate ETF 56.8 48 11 7.3 +0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 42.9 10 49 8.4 +1.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 41.0 12 47 8.3 +1.2
RWO SPDR Dow Jones Global Real Estate ETF 27.5 50 9 7.0 -0.2
ERET iShares Environmentally Aware Real Estate ETF 22.6 30 29 7.5 +0.3
VGSR Vert Global Sustainable Real Estate ETF 22.5 47 12 7.2 +0.1
REET iShares Global REIT ETF 18.5 14 45 7.5 +0.4
DFGR Dimensional Global Real Estate ETF 16.8 22 37 7.4 +0.3
AVRE Avantis Real Estate ETF 16.1 17 42 7.1 -0.1
ERTH Invesco MSCI Sustainable Future ETF 13.8 62 -3 3.5 -3.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 12.7 60 -1 5.9 -1.2
IQRA IQ CBRE Real Assets ETF 12.2 65 -6 5.7 -1.5
DWX SPDR S&P International Dividend ETF 12.0 45 14 6.2 -0.9
GQRE FlexShares Global Quality Real Estate Index Fund 11.6 45 14 7.8 +0.6
INDS Pacer Industrial Real Estate ETF 11.4 55 4 6.7 -0.4
SRET Global X SuperDividend REIT ETF 10.9 59 0 12.4 +5.2
IDLV Invesco S&P International Developed Low Volatility ETF 8.1 25 34 6.6 -0.5
SCJ iShares MSCI Japan Small-Cap ETF 7.6 50 9 7.3 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.5 58 1 8.7 +1.5
EWUS iShares MSCI United Kingdom Small Cap ETF 7.2 59 0 7.4 +0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.5 78 -19 9.9 +2.8
SCZ iShares MSCI EAFE Small-Cap ETF 6.1 40 19 7.4 +0.2
DIM WisdomTree International MidCap Dividend Fund 5.7 58 1 7.8 +0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.7 49 10 7.4 +0.3
JPIN J.P. Morgan Diversified Return International Equity ETF 5.3 37 22 8.8 +1.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.3 80 -21 5.5 -1.6
RITA ETFB Green SRI REITs ETF 5.2 50 9 6.2 -0.9
IEUS iShares MSCI Europe Small-Cap ETF 5.1 42 17 7.4 +0.3
FIDI Fidelity International High Dividend ETF 5.0 18 41 9.2 +2.1
EWS iShares MSCI Singapore ETF 5.0 50 9 5.2 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 4.7 60 -1 8.5 +1.4
FLHK Franklin FTSE Hong Kong ETF 4.7 9 50 7.0 -0.1
WDIV SPDR S&P Global Dividend ETF 4.4 40 19 9.7 +2.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.4 12 47 6.3 -0.9
EWH iShares MSCI Hong Kong ETF 4.1 50 9 6.0 -1.2
FNDC Schwab Fundamental International Small Co. Index ETF 3.9 39 20 6.2 -1.0
ISCF iShares International SmallCap Equity Factor ETF 3.7 23 36 8.7 +1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.7 19 40 6.2 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 3.6 49 10 6.3 -0.8
RCGE RockCreek Global Equality ETF 3.4 95 -36 6.4 -0.7
SCHC Schwab International Small-Cap Equity ETF 3.4 11 48 7.1 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 3.4 47 12 5.5 -1.6
IPAC iShares Core MSCI Pacific ETF 3.0 9 50 7.0 -0.1
ASEA Global X FTSE Southeast Asia ETF 2.9 65 -6 6.8 -0.4
FDEV Fidelity International Multifactor ETF 2.7 18 41 7.7 +0.5
BLLD JPMorgan Sustainable Infrastructure ETF 2.6 49 10 6.2 -1.0
EWK iShares MSCI Belgium ETF 2.6 50 9 4.7 -2.5
VPL Vanguard FTSE Pacific ETF 2.6 8 51 7.5 +0.4
GVAL Cambria Global Value ETF 2.5 68 -9 11.1 +3.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 9 5.9 -1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 7 52 7.1 -0.0
FEP First Trust Europe AlphaDEX Fund 2.3 80 -21 9.6 +2.5
DTH WisdomTree International High Dividend Fund 2.3 58 1 9.1 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 47 5.3 -1.8
EWW iShares MSCI Mexico ETF 2.2 50 9 9.3 +2.1
FLJP Franklin FTSE Japan ETF 2.2 9 50 7.0 -0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 4 5.8 -1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 2.1 12 47 5.5 -1.6
FLJH Franklin FTSE Japan Hedged ETF 2.1 9 50 6.8 -0.4
FKU First Trust United Kingdom AlphaDEX Fund 2.0 80 -21 7.6 +0.4
EWA iShares MSCI Australia ETF 2.0 50 9 6.0 -1.2
INTF iShares International Equity Factor ETF 2.0 15 44 7.9 +0.8
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 2 8.4 +1.2
FLAU Franklin FTSE Australia ETF 1.9 9 50 6.3 -0.8
EWJV iShares MSCI Japan Value ETF 1.9 15 44 9.6 +2.5
GWX SPDR S&P International Small Cap ETF 1.9 40 19 6.7 -0.4
EFV iShares MSCI EAFE Value ETF 1.9 34 25 9.4 +2.3
JHID John Hancock International High Dividend ETF 1.8 46 13 11.0 +3.9
IEFA iShares Core MSCI EAFE ETF 1.8 7 52 7.3 +0.2
BLDG Cambria Global Real Estate ETF 1.7 60 -1 12.2 +5.1
AIVI WisdomTree International AI Enhanced Value Fund 1.7 58 1 7.4 +0.3
BKCI BNY Mellon Concentrated International ETF 1.7 80 -21 5.1 -2.1
IDEV iShares Core MSCI International Developed Markets ETF 1.6 4 55 7.3 +0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 37 5.8 -1.4
VEA Vanguard FTSE Developed Markets ETF 1.6 5 54 7.5 +0.4
VSGX Vanguard ESG International Stock ETF 1.6 12 47 8.0 +0.9
EWD iShares MSCI Sweden ETF 1.5 54 5 5.4 -1.7
FLN First Trust Latin America AlphaDEX Fund 1.5 80 -21 10.1 +2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 40 19 7.7 +0.6
FLMX Franklin FTSE Mexico ETF 1.4 19 40 9.5 +2.4
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.7 -0.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.4 20 39 7.3 +0.1
DWM WisdomTree International Equity Fund 1.4 48 11 7.7 +0.5
FEUZ First Trust Eurozone AlphaDEX ETF 1.3 80 -21 9.6 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 56 7.4 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 1.3 20 39 7.0 -0.1
SCHF Schwab International Equity ETF 1.3 6 53 7.6 +0.4
EWQ iShares MSCI France ETF 1.3 53 6 7.1 -0.0
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 1 8.8 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 20 8.6 +1.5
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 52 8.2 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 14 9.2 +2.1
LVHI Franklin International Low Volatility High Dividend Index ET 1.2 40 19 10.8 +3.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 35 7.7 +0.6
VXUS Vanguard Total International Stock ETF 1.2 7 52 8.2 +1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -24 9.8 +2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 20 6.9 -0.2
DFIS Dimensional International Small Cap ETF 1.2 39 20 7.8 +0.6
FLLA Franklin FTSE Latin America ETF 1.2 19 40 13.2 +6.1
DISV Dimensional International Small Cap Value ETF 1.1 42 17 9.8 +2.7
IEUR iShares Core MSCI Europe ETF 1.1 11 48 7.4 +0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 1 9.9 +2.8
INEQ Columbia International Equity Income ETF 1.1 45 14 8.7 +1.6
FIVA Fidelity International Value Factor ETF 1.1 18 41 10.5 +3.4
VGK Vanguard FTSE Europe ETF 1.1 11 48 7.4 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 51 8.4 +1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.0 20 39 6.5 -0.6
FLSW Franklin FTSE Switzerland ETF 1.0 9 50 6.2 -1.0
SPEU SPDR Portfolio Europe ETF 1.0 7 52 7.4 +0.3
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 10 7.6 +0.5
BBJP JPMorgan BetaBuilders Japan ETF 1.0 19 40 7.5 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.0 14 45 6.4 -0.7
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 7.2 +0.0
EFA iShares MSCI EAFE ETF 1.0 35 24 7.0 -0.2
EWJ iShares MSCI Japan ETF 1.0 50 9 6.9 -0.2
SDIV Global X Superdividend ETF 0.9 58 1 42.2 +35.1
BKIE BNY Mellon International Equity ETF 0.9 4 55 7.3 +0.1
FSZ First Trust Switzerland AlphaDEX Fund 0.9 80 -21 4.9 -2.2
DWMF WisdomTree International Multifactor Fund 0.9 38 21 7.0 -0.1
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 8.0 +0.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 1 8.2 +1.1
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -16 5.1 -2.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -21 10.5 +3.4
JPXN iShares JPX-Nikkei 400 ETF 0.9 48 11 7.4 +0.3
BINV Brandes International ETF 0.9 70 -11 9.9 +2.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.9 67 -8 13.7 +6.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 12 6.9 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 23 6.7 -0.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.8 30 29 7.1 -0.0
EWL iShares MSCI Switzerland ETF 0.8 50 9 6.0 -1.2
ILF iShares Latin America 40 ETF 0.8 48 11 13.0 +5.9
UIVM VictoryShares International Value Momentum ETF 0.8 35 24 9.6 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -21 11.9 +4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 10 11.8 +4.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.8 32 27 6.0 -1.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 9.8 +2.7
JHMD John Hancock Multifactor Developed International ETF 0.8 39 20 7.8 +0.7
DTCR Global X Data Center & Digital Infrastructure ETF 0.7 50 9 4.6 -2.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 4 3.8 -3.4
CGDG Capital Group Dividend Growers ETF 0.7 47 12 6.3 -0.8
VWID Virtus WMC International Dividend ETF 0.7 49 10 8.9 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 41 8.0 +0.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 25 8.0 +0.9
ISRA VanEck Israel ETF 0.7 59 0 7.4 +0.3
EIS iShares MSCI Israel ETF 0.7 58 1 8.2 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 39 5.9 -1.2
EWU iShares MSCI United Kingdom ETF 0.7 50 9 8.6 +1.5
FLEE Franklin FTSE Europe ETF 0.6 9 50 7.3 +0.1
GLOF iShares Global Equity Factor ETF 0.6 20 39 6.9 -0.3
FGM First Trust Germany AlphaDEX Fund 0.6 80 -21 8.3 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 34 7.4 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.6 45 14 6.7 -0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 -11 9.7 +2.6
JIRE JPMorgan International Research Enhanced Equity ETF 0.6 24 35 7.4 +0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.9 +0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 27 6.9 -0.3
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 6.0 -1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -21 12.3 +5.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 7.4 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.6 25 34 7.8 +0.6
AVSD Avantis Responsible International Equity ETF 0.6 23 36 5.9 -1.3
AVDE Avantis International Equity ETF 0.6 23 36 7.9 +0.8
JRE Janus Henderson U.S. Real Estate ETF 0.5 65 -6 7.5 +0.4
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 6.6 -0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.5 56 3 12.3 +5.2
DVYA iShares Asia/Pacific Dividend ETF 0.5 49 10 8.7 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 18 7.7 +0.6
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 7.8 +0.7
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.8 -0.4
EFNL iShares MSCI Finland ETF 0.5 56 3 7.2 +0.1
IQLT iShares MSCI Intl Quality Factor ETF 0.5 30 29 6.3 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 10.8 +3.6
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 11.0 +3.9
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 1 9.1 +1.9
WWJD Inspire International ETF 0.5 80 -21 7.4 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 6.6 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 49 6.0 -1.1
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 29 8.0 +0.8
IEV iShares Europe ETF 0.5 67 -8 6.9 -0.2
THD iShares MSCI Thailand ETF 0.5 58 1 0.0 -7.1
DFAI Dimensional International Core Equity Market ETF 0.5 18 41 7.5 +0.3
VT Vanguard Total World Stock ETF 0.4 7 52 6.2 -1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.5 +1.4
DEW WisdomTree Global High Dividend Fund 0.4 58 1 8.8 +1.7
TPIF Timothy Plan International ETF 0.4 62 -3 6.4 -0.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.4 30 29 5.5 -1.7
EWZS iShares MSCI Brazil Small-Cap ETF 0.4 59 0 11.5 +4.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 6.8 -0.3
VIGI Vanguard International Dividend Appreciation ETF 0.4 15 44 6.2 -0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 29 8.4 +1.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.4 80 -21 10.0 +2.8
IGRO iShares International Dividend Growth ETF 0.3 15 44 7.3 +0.2
EWG iShares MSCI Germany ETF 0.3 50 9 6.3 -0.8
FENI Fidelity Enhanced International ETF 0.3 28 31 6.9 -0.3
VYMI Vanguard International High Dividend Yield ETF 0.3 22 37 9.9 +2.8
DFIV Dimensional International Value ETF 0.3 27 32 10.2 +3.1
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 27 6.1 -1.1
FLGR Franklin FTSE Germany ETF 0.3 9 50 6.8 -0.4
AGNG Global X Aging Population ETF 0.3 50 9 5.0 -2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.6 -1.5
FLBR Franklin FTSE Brazil ETF 0.3 19 40 15.3 +8.2
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
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 0 12.2 +5.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 6.0 -1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 9.5 +2.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 39 6.7 -0.4
CIL VictoryShares International Volatility Wtd ETF 0.3 45 14 6.8 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 50 7.2 +0.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 8.2 +1.1
EWO iShares MSCI Austria ETF 0.3 50 9 11.2 +4.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 7.5 +0.4
ACWI iShares MSCI ACWI ETF 0.2 32 27 5.8 -1.3
URTH iShares MSCI World ETF 0.2 24 35 5.4 -1.7
BLES Inspire Global Hope ETF 0.2 61 -2 6.9 -0.2
XCEM Columbia EM Core ex-China ETF 0.2 16 43 8.3 +1.2
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -16 6.8 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 10.0 +2.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -4 13.5 +6.4
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 11.5 +4.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.4 -1.8
TOK iShares MSCI Kokusai ETF 0.2 26 33 5.3 -1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 28 6.5 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 6.1 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 10.8 +3.7
AFK VanEck Africa Index ETF 0.2 98 -39 12.3 +5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 12.2 +5.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 1 8.2 +1.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 1 8.5 +1.3
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 51 10.9 +3.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 7.8 +0.7
STXI Strive International Developed Markets ETF 0.2 29 30 7.1 -0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 16.6 +9.5
SCHY Schwab International Dividend Equity ETF 0.2 14 45 9.7 +2.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 30 8.1 +0.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 10.2 +3.1
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 7.5 +0.3
QINT American Century Quality Diversified International ETF 0.1 39 20 7.6 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 6.2 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 29 10.7 +3.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 20.5 +13.4
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 40 6.8 -0.4
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 10.6 +3.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 10.4 +3.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 9.4 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 10.3 +3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 35 8.4 +1.3
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 12.2 +5.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 8.2 +1.1
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 4.5 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.8 -1.4
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 42 13.7 +6.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 -1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 10.5 +3.3
AVIV Avantis International Large Cap Value ETF 0.1 25 34 9.1 +2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 16.8 +9.7
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 10.0 +2.9
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 43 8.5 +1.4
AVES Avantis Emerging Markets Value ETF 0.1 36 23 12.0 +4.9
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.8 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 9.9 +2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 10.9 +3.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 10.6 +3.5
TUR iShares MSCI Turkey ETF 0.0 58 1 20.8 +13.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 18 9.4 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 8.5 +1.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 10.7 +3.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 10.1 +2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 11.8 +4.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 10.5 +3.4
AVDV Avantis International Small Cap Value ETF 0.0 36 23 10.6 +3.4
EFG iShares MSCI EAFE Growth ETF 0.0 36 23 4.4 -2.7

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 6.4 %
Divided by: Fwd. P/BV 0.8 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		 1.64 CATEGORY
AVERAGE		 1.61
 
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.