SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 14.0x P/Sales
ratio		 3.3x
P/BV
ratio		 0.7x Div.
yield		 5.5%


  • 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) $251
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 113
Wgt avg mkt cap (mns) $5,713
Large cap (>$10bn) 17.9%
Mid cap ($2-10bn) 69.4%
Small cap (<$2bn) 12.7%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
MITSUI FUDOSAN CO LTD 6.1 %
SEGRO PLC 3.4 %
SCENTRE GROUP 3.1 %
LINK REIT 2.9 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.3 %
SWISS PRIME SITE-REG 2.1 %
CAPITAMALL TRUST 2.1 %
ASCENDAS REAL ESTATE INV TRT 2.0 %
NIPPON BUILDING FUND INC 1.8 %
KLEPIERRE 1.7 %
Total 27.5 %

TOP COUNTRY EXPOSURE
JAPAN 29.0 %
BRITAIN 12.5 %
SINGAPORE 11.2 %
AUSTRALIA 9.1 %
HONG KONG 4.9 %
FRANCE 3.9 %
SWITZERLAND 3.8 %
SWEDEN 3.2 %
CANADA 3.0 %
BELGIUM 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.0% 13.4% -4.4% -0.6% -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 53%
MSCI EAFE 1.03 79%
MSCI Emg. Mkts. 0.86 54%

Technical Indicators
Recent close $24.09
30d moving avg. $26.62
Annualized volatility 20.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.6%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $1,066

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 289 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™: 7.4%


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 56.4 48 11 6.9 -0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 43.8 10 49 7.7 +0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 40.0 12 47 8.3 +0.9
RWO SPDR Dow Jones Global Real Estate ETF 25.5 50 9 6.1 -1.3
ERET iShares Environmentally Aware Real Estate ETF 20.9 30 29 6.5 -0.9
VGSR Vert Global Sustainable Real Estate ETF 20.8 47 12 5.6 -1.8
AVRE Avantis Real Estate ETF 17.4 17 42 5.9 -1.5
REET iShares Global REIT ETF 17.2 14 45 6.2 -1.1
DFGR Dimensional Global Real Estate ETF 15.3 22 37 6.2 -1.2
ROOF IQ CBRE NextGen Real Estate ETF 14.1 60 -1 8.1 +0.7
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.8 60 -1 6.4 -1.0
INDS Pacer Industrial Real Estate ETF 13.4 55 4 5.7 -1.7
DWX SPDR S&P International Dividend ETF 12.8 45 14 6.5 -0.9
GQRE FlexShares Global Quality Real Estate Index Fund 12.6 45 14 5.9 -1.4
IQRA IQ CBRE Real Assets ETF 11.0 65 -6 5.2 -2.2
ERTH Invesco MSCI Sustainable Future ETF 10.0 62 -3 3.6 -3.8
SCJ iShares MSCI Japan Small-Cap ETF 6.7 50 9 7.0 -0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.7 78 -19 9.0 +1.6
RITA ETFB Green SRI REITs ETF 6.3 50 9 4.9 -2.4
JPIN J.P. Morgan Diversified Return International Equity ETF 6.0 37 22 8.9 +1.5
DIM WisdomTree International MidCap Dividend Fund 5.9 58 1 7.7 +0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 5.9 59 0 5.8 -1.6
IDLV Invesco S&P International Developed Low Volatility ETF 5.8 25 34 6.2 -1.1
SRET Global X SuperDividend REIT ETF 5.8 59 0 9.7 +2.3
SCZ iShares MSCI EAFE Small-Cap ETF 5.6 40 19 6.6 -0.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.6 58 1 9.2 +1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.6 49 10 7.0 -0.4
EWS iShares MSCI Singapore ETF 5.3 50 9 5.0 -2.4
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 4.9 75 -16 4.6 -2.8
FLHK Franklin FTSE Hong Kong ETF 4.9 9 50 6.8 -0.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.5 12 47 5.9 -1.5
IEUS iShares MSCI Europe Small-Cap ETF 4.3 42 17 6.4 -1.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 4.2 50 9 5.3 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 20 7.2 -0.2
EWH iShares MSCI Hong Kong ETF 4.0 50 9 6.2 -1.2
FDEV Fidelity International Multifactor ETF 3.8 18 41 7.8 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 3.8 49 10 5.6 -1.7
ISCF iShares International SmallCap Equity Factor ETF 3.8 23 36 9.1 +1.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.7 19 40 5.4 -2.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.6 80 -21 5.6 -1.8
SCHC Schwab International Small-Cap Equity ETF 3.5 11 48 6.6 -0.8
EPP iShares MSCI Pacific ex-Japan ETF 3.4 47 12 4.9 -2.5
BLLD JPMorgan Sustainable Infrastructure ETF 3.3 49 10 5.7 -1.7
GVAL Cambria Global Value ETF 3.2 68 -9 13.1 +5.7
JHID John Hancock International High Dividend ETF 3.2 46 13 11.3 +4.0
EFAS Global X MSCI SuperDividend EAFE ETF 3.1 57 2 10.3 +2.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.1 68 -9 8.2 +0.9
IPAC iShares Core MSCI Pacific ETF 2.9 9 50 7.2 -0.1
BLDG Cambria Global Real Estate ETF 2.9 60 -1 14.3 +6.9
ASEA Global X FTSE Southeast Asia ETF 2.6 65 -6 6.3 -1.1
VPL Vanguard FTSE Pacific ETF 2.5 8 51 7.7 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 7 52 6.7 -0.7
DLS WisdomTree International SmallCap Dividend Fund 2.4 58 1 8.8 +1.4
DTH WisdomTree International High Dividend Fund 2.3 58 1 10.1 +2.8
EWK iShares MSCI Belgium ETF 2.3 50 9 7.9 +0.5
EWW iShares MSCI Mexico ETF 2.3 50 9 13.2 +5.8
EWJV iShares MSCI Japan Value ETF 2.2 15 44 10.2 +2.8
FLJP Franklin FTSE Japan ETF 2.2 9 50 7.8 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 2.2 12 47 5.5 -1.8
EWA iShares MSCI Australia ETF 2.2 50 9 4.9 -2.5
FLJH Franklin FTSE Japan Hedged ETF 2.2 9 50 7.7 +0.3
EFV iShares MSCI EAFE Value ETF 2.1 34 25 9.4 +2.1
EWD iShares MSCI Sweden ETF 2.1 54 5 6.6 -0.7
BKCI BNY Mellon Concentrated International ETF 2.0 80 -21 4.2 -3.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.0 39 20 12.1 +4.7
FLAU Franklin FTSE Australia ETF 1.9 9 50 5.4 -1.9
VWID Virtus WMC International Dividend ETF 1.9 49 10 9.6 +2.2
MOTI VanEck Morningstar International Moat ETF 1.8 58 1 5.9 -1.5
INTF iShares International Equity Factor ETF 1.8 15 44 8.2 +0.8
UIVM VictoryShares International Value Momentum ETF 1.8 35 24 11.0 +3.7
GWX SPDR S&P International Small Cap ETF 1.8 40 19 6.5 -0.9
IEFA iShares Core MSCI EAFE ETF 1.8 7 52 7.1 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 47 4.8 -2.6
FLN First Trust Latin America AlphaDEX Fund 1.7 80 -21 8.4 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 1.7 4 55 7.1 -0.3
VEA Vanguard FTSE Developed Markets ETF 1.6 5 54 7.3 -0.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.6 20 39 6.9 -0.4
VSGX Vanguard ESG International Stock ETF 1.6 12 47 6.8 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.6 39 20 7.4 +0.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -21 13.0 +5.7
AIVI WisdomTree International AI Enhanced Value Fund 1.5 58 1 8.5 +1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 1.5 20 39 7.1 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 1.5 80 -21 6.7 -0.7
BBJP JPMorgan BetaBuilders Japan ETF 1.4 19 40 7.8 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 56 7.2 -0.2
FLMX Franklin FTSE Mexico ETF 1.4 19 40 16.2 +8.9
CRUZ Defiance Hotel Airline and Cruise ETF 1.4 45 14 -4.6 -11.9
EWQ iShares MSCI France ETF 1.4 53 6 6.3 -1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.4 45 14 8.9 +1.6
IQSI IQ Candriam International Equity ETF 1.4 15 44 6.6 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.4 39 20 7.5 +0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 35 8.7 +1.3
SCHF Schwab International Equity ETF 1.3 6 53 7.5 +0.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 14 12.3 +4.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.3 40 19 7.9 +0.6
IVRA Invesco Real Assets ESG ETF 1.3 59 0 5.4 -2.0
DWM WisdomTree International Equity Fund 1.3 48 11 8.0 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -24 10.0 +2.6
LVHI Franklin International Low Volatility High Dividend Index ET 1.2 40 19 10.1 +2.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.2 47 12 7.4 0.0
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 52 7.2 -0.2
DISV Dimensional International Small Cap Value ETF 1.2 42 17 9.1 +1.8
VXUS Vanguard Total International Stock ETF 1.2 7 52 7.2 -0.2
FLLA Franklin FTSE Latin America ETF 1.2 19 40 13.2 +5.8
DFIS Dimensional International Small Cap ETF 1.2 39 20 6.9 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.2 20 39 6.5 -0.9
IEUR iShares Core MSCI Europe ETF 1.2 11 48 7.1 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.1 14 45 6.2 -1.2
EFA iShares MSCI EAFE ETF 1.1 35 24 6.9 -0.5
VGK Vanguard FTSE Europe ETF 1.1 11 48 7.1 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 1.1 20 39 7.0 -0.4
FLGB Franklin FTSE United Kingdom ETF 1.1 9 50 7.9 +0.5
EWJ iShares MSCI Japan ETF 1.1 50 9 8.0 +0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 1.1 31 28 6.7 -0.7
SPEU SPDR Portfolio Europe ETF 1.1 7 52 7.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 8 51 7.3 -0.1
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -1 9.0 +1.6
SDIV Global X Superdividend ETF 1.0 58 1 14.9 +7.5
BKIE BNY Mellon International Equity ETF 1.0 4 55 7.1 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 23 6.6 -0.8
EUDV ProShares MSCI Europe Dividend Growers ETF 1.0 55 4 5.3 -2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 12 9.4 +2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -21 7.6 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.0 25 34 8.6 +1.2
FSZ First Trust Switzerland AlphaDEX Fund 0.9 80 -21 4.2 -3.1
FLSW Franklin FTSE Switzerland ETF 0.9 9 50 5.3 -2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 10 12.0 +4.6
JHMD John Hancock Multifactor Developed International ETF 0.8 39 20 7.8 +0.4
CID VictoryShares International High Div Volatility Wtd ETF 0.8 45 14 11.9 +4.5
BINV Brandes International ETF 0.8 70 -11 8.5 +1.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 -8 15.0 +7.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.8 22 37 6.6 -0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 34 7.2 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 6.9 -0.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.8 58 1 10.7 +3.4
FKU First Trust United Kingdom AlphaDEX Fund 0.8 80 -21 8.5 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 41 7.0 -0.4
CGDG Capital Group Dividend Growers ETF 0.8 47 12 6.6 -0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.8 32 27 6.0 -1.4
FENI Fidelity Enhanced International ETF 0.8 28 31 8.1 +0.7
JPXN iShares JPX-Nikkei 400 ETF 0.8 48 11 8.7 +1.3
WDIV SPDR S&P Global Dividend ETF 0.8 40 19 9.4 +2.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.8 24 35 7.1 -0.3
FEP First Trust Europe AlphaDEX Fund 0.8 80 -21 7.8 +0.4
ILF iShares Latin America 40 ETF 0.8 48 11 10.4 +3.1
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -16 5.0 -2.4
ISRA VanEck Israel ETF 0.7 59 0 8.0 +0.6
EIS iShares MSCI Israel ETF 0.7 58 1 8.5 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 25 7.0 -0.4
EWU iShares MSCI United Kingdom ETF 0.7 50 9 8.4 +1.1
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 29 11.4 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 18 7.4 +0.0
FIVA Fidelity International Value Factor ETF 0.7 18 41 10.2 +2.9
GLOF iShares Global Equity Factor ETF 0.7 20 39 7.0 -0.4
FLEE Franklin FTSE Europe ETF 0.7 9 50 7.2 -0.2
JRE Janus Henderson U.S. Real Estate ETF 0.7 65 -6 5.6 -1.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 29 6.3 -1.1
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 -20 5.4 -2.0
DEW WisdomTree Global High Dividend Fund 0.7 58 1 8.5 +1.1
EZU iShares MSCI Eurozone ETF 0.7 52 7 6.6 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.7 45 14 6.5 -0.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.7 30 29 7.3 -0.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.6 49 10 16.1 +8.8
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 12 12.9 +5.5
EWL iShares MSCI Switzerland ETF 0.6 50 9 4.5 -2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 39 5.2 -2.2
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 49 5.4 -1.9
AVDE Avantis International Equity ETF 0.6 23 36 8.1 +0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 -11 6.2 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 34 7.2 -0.2
AVSD Avantis Responsible International Equity ETF 0.6 23 36 7.1 -0.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 -21 12.3 +4.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.7 +0.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.6 50 9 4.7 -2.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.6 55 4 1.9 -5.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 58 1 10.2 +2.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 13.5 +6.1
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 9.0 +1.6
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 29 6.9 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.5 63 -4 18.9 +11.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 6.5 -0.9
IQLT iShares MSCI Intl Quality Factor ETF 0.5 30 29 6.2 -1.1
THD iShares MSCI Thailand ETF 0.5 58 1 6.1 -1.2
IEV iShares Europe ETF 0.5 67 -8 6.6 -0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 39 6.9 -0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 6.5 -0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 24 6.6 -0.8
DFIC Dimensional International Core Equity 2 ETF 0.5 23 36 7.7 +0.4
WWJD Inspire International ETF 0.5 80 -21 7.3 -0.1
TPIF Timothy Plan International ETF 0.5 62 -3 6.8 -0.6
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 10.9 +3.5
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 1 0.3 -7.0
EFNL iShares MSCI Finland ETF 0.5 56 3 8.0 +0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 10.6 +3.3
FLEU Franklin FTSE Eurozone ETF 0.5 9 50 7.3 -0.1
EWG iShares MSCI Germany ETF 0.5 50 9 6.4 -1.0
EMM Global X Emerging Markets ex-China ETF 0.4 75 -16 4.2 -3.1
FLGR Franklin FTSE Germany ETF 0.4 9 50 7.0 -0.4
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 7.3 -0.1
VT Vanguard Total World Stock ETF 0.4 7 52 5.5 -1.9
EQIN Columbia US Equity Income ETF 0.4 35 24 8.3 +0.9
IDMO Invesco S&P International Developed Momentum ETF 0.4 25 34 5.9 -1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 30 8.6 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 15 15.8 +8.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.7 +1.4
BRAZ Global X Brazil Active ETF 0.4 75 -16 10.1 +2.8
CIL VictoryShares International Volatility Wtd ETF 0.4 45 14 7.0 -0.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.4 51 8 7.1 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 50 7.1 -0.3
DFIV Dimensional International Value ETF 0.3 27 32 10.0 +2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.1 -2.3
RODE Hartford Multifactor Diversified International ETF 0.3 29 30 11.8 +4.4
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 5.7 -1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 8.0 +0.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.3 18 41 6.8 -0.6
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 5.6 -1.8
FLBR Franklin FTSE Brazil ETF 0.3 19 40 13.2 +5.8
AFK VanEck Africa Index ETF 0.3 98 -39 9.1 +1.7
AGNG Global X Aging Population ETF 0.3 50 9 4.2 -3.1
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 7.6 +0.2
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 44 6.4 -1.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 8.1 +0.7
ACWI iShares MSCI ACWI ETF 0.3 32 27 5.3 -2.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 34 9.9 +2.5
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 43 6.8 -0.6
URTH iShares MSCI World ETF 0.3 24 35 5.2 -2.2
EWO iShares MSCI Austria ETF 0.3 50 9 14.1 +6.7
QINT American Century Quality Diversified International ETF 0.3 39 20 7.7 +0.3
VYMI Vanguard International High Dividend Yield ETF 0.3 22 37 9.8 +2.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 44 6.3 -1.1
BLES Inspire Global Hope ETF 0.2 61 -2 6.4 -0.9
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 27 6.0 -1.4
XCEM Columbia EM Core ex-China ETF 0.2 16 43 7.7 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 27 6.2 -1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.2 -2.2
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 7.1 -0.3
TOK iShares MSCI Kokusai ETF 0.2 26 33 5.0 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 7.5 +0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 34 5.6 -1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 5.4 -2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 27 6.9 -0.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -21 10.8 +3.4
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 51 6.9 -0.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 6.7 -0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 12.2 +4.9
STXI Strive International Developed Markets ETF 0.2 29 30 6.9 -0.5
VIDI Vident International Equity Strategy ETF 0.1 61 -2 10.2 +2.8
AVIV Avantis International Large Cap Value ETF 0.1 25 34 9.0 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 11.3 +3.9
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 40 6.6 -0.8
IGRO iShares International Dividend Growth ETF 0.1 15 44 7.5 +0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 7.8 +0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 10.0 +2.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.9 -1.4
EWC iShares MSCI Canada ETF 0.1 50 9 6.5 -0.9
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 6.9 -0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 8.2 +0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 35 9.2 +1.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 9.7 +2.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 8.4 +1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 8.2 +0.9
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 8.9 +1.5
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 11 7.9 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 39 6.8 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 42 7.6 +0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 1 6.5 -0.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 12.4 +5.0
STXE Strive Emerging Markets Ex-China ETF 0.1 32 27 7.0 -0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -11 3.5 -3.9
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 4.7 -2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 11.0 +3.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 10 8.2 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.5 -1.9
AVES Avantis Emerging Markets Value ETF 0.1 36 23 11.6 +4.2
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.3 -0.1
EFG iShares MSCI EAFE Growth ETF 0.1 36 23 4.5 -2.9
AVDV Avantis International Small Cap Value ETF 0.1 36 23 8.1 +0.8
TUR iShares MSCI Turkey ETF 0.1 58 1 19.7 +12.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 50 9.9 +2.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 25 5.9 -1.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 7.3 -0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 44 10.2 +2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 18 7.4 +0.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 7.8 +0.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 6.5 -0.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 7.2 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.0 39 20 12.5 +5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 13.0 +5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 8.1 +0.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 5.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.60
 
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.