ETF Research Center

Schwab International Dividend Equity ETF

ALTAR
Score™

9.3%

Recommen-
dation

OVERWEIGHT

2024E 2025E
P/E ratio	10.9x	P/Sales ratio	1.1x
P/BV ratio	1.6x	Div. yield	5.3%

Description
Performance
Comps
Fundamentals
Valuation
Rating

SCHY tracks a modified market-cap-weighted index of 100 high-dividend-yielding stocks located outside of the US. Stocks are selected based on additional fundamental criteria and low volatility.

FUND BASICS
Category	International Equities
Fund Sponsor	Charles Schwab
Website	www.schwabassetmanagement.com/products/schy
Inception date	Apr 29, 2021
Assets (mns)	$774
Currency	USD
Expense ratio	14 bp
Distributions	Semi-annual

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	134
Wgt avg mkt cap (mns)	$68,643
Large cap (>$10bn)	88.1%
Mid cap ($2-10bn)	11.7%
Small cap (<$2bn)	0.2%
Developed mkts	83.1%
Emerging mkts	16.9%

TOP TEN HOLDINGS
Total	38.7 %
BHP BILLITON LTD	4.5 %
ENEL SPA	4.1 %
ROCHE HOLDING LTD	4.0 %
TOTAL SA	3.9 %
UNILEVER PLC	3.9 %
VINCI SA	3.9 %
WESFARMERS LIMITED	3.8 %
ONO PHARMACEUTICAL CO LTD	3.7 %
BRITISH AMERICAN TOBACCO PLC	3.5 %
KDDI CORPORATION	3.5 %

TOP COUNTRY EXPOSURE
	BRITAIN	13.8 %
	AUSTRALIA	12.3 %
	FRANCE	11.0 %
	JAPAN	10.0 %
	ITALY	7.4 %
	CANADA	6.3 %
	INDIA	4.6 %
	SWITZERLAND	4.3 %
	GERMANY	3.0 %
	SINGAPORE	2.7 %

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.
3.4%	16.5%	--	--	2.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.67	57%
MSCI EAFE	0.82	87%
MSCI Emg. Mkts.	0.70	62%

Technical Indicators
Recent close	$24.05
30d moving avg.	$25.53
Annualized volatility	15.4%
Short interest (ETF)	0.3%
Relative strength (RSI)	42

Liquidity measures
Avg. volume (thou.)	252
Turnover	0.8%
Bid/Ask (% of price)	0.07%
ADV underlying (mns)	$5,324

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 457 potential alternatives to the Schwab International Dividend Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SCHY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

SCHY

Expense:

14 bp

ALTAR Score™:

9.3%

ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHY
Ticker	Fund Name	Overlap¹ vs SCHY (%)	Expense ratio (bp)	Savings vs SCHY (bp)	ALTAR Score™ (%)	ALTAR vs SCHY (%)
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	30.2	9	5	9.9	+0.6
LVHI	Franklin International Low Volatility High Dividend Index ET	23.4	40	-26	10.1	+0.7
DTH	WisdomTree International High Dividend Fund	22.6	58	-44	10.1	+0.8
VWID	Virtus WMC International Dividend ETF	22.4	49	-35	9.6	+0.2
IDV	iShares International Select Dividend ETF	20.7	51	-37	12.2	+2.9
IDOG	ALPS International Sector Dividend Dogs ETF	20.1	50	-36	12.8	+3.5
OEUR	ALPS O'Shares Europe Quality Dividend ETF	17.6	48	-34	5.7	-3.7
CID	VictoryShares International High Div Volatility Wtd ETF	17.4	45	-31	11.9	+2.6
DOL	WisdomTree International LargeCap Dividend Fund	16.7	48	-34	7.9	-1.4
VYMI	Vanguard International High Dividend Yield ETF	16.2	22	-8	9.8	+0.5
IDLV	Invesco S&P International Developed Low Volatility ETF	16.1	25	-11	6.2	-3.1
FIDI	Fidelity International High Dividend ETF	15.8	18	-4	10.9	+1.6
EFV	iShares MSCI EAFE Value ETF	15.6	34	-20	9.4	+0.1
EFAV	iShares MSCI EAFE Min Vol Factor ETF	15.1	22	-8	6.6	-2.8
RFEU	First Trust Riverfront Dynamic Europe ETF	14.9	83	-69	11.1	+1.8
IVAL	Alpha Architect International Quantitative Value ETF	14.9	49	-35	9.5	+0.2
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	14.8	32	-18	6.0	-3.4
RFDI	First Trust Riverfront Dynamic Developed International ETF	14.5	83	-69	10.0	+0.6
IQLT	iShares MSCI Intl Quality Factor ETF	14.5	30	-16	6.2	-3.1
IVLU	iShares MSCI Intl Value Factor ETF	14.0	30	-16	11.4	+2.1
QEFA	SPDR MSCI EAFE StrategicFactors ETF	14.0	30	-16	7.3	-2.1
FICS	First Trust International Developed Capital Strength ETF	13.8	70	-56	5.3	-4.1
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	13.7	65	-51	12.8	+3.4
DIVI	Franklin International Core Dividend Tilt Index ETF	13.7	9	5	8.1	-1.2
DWMF	WisdomTree International Multifactor Fund	13.6	38	-24	7.4	-1.9
IDHQ	Invesco S&P International Developed High Quality ETF	13.4	29	-15	6.5	-2.9
FIVA	Fidelity International Value Factor ETF	13.4	18	-4	10.2	+0.9
DIHP	Dimensional International High Profitability ETF	13.4	29	-15	7.6	-1.7
FDEV	Fidelity International Multifactor ETF	13.3	18	-4	7.8	-1.6
DWM	WisdomTree International Equity Fund	13.1	48	-34	8.0	-1.4
GCOW	Pacer Global Cash Cows Dividend ETF	13.1	60	-46	12.5	+3.2
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	13.0	40	-26	7.9	-1.4
BBAX	JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF	12.8	19	-5	5.4	-4.0
EPP	iShares MSCI Pacific ex-Japan ETF	12.4	47	-33	4.9	-4.4
IGRO	iShares International Dividend Growth ETF	12.3	15	-1	7.5	-1.8
IMTM	iShares MSCI Intl Momentum Factor ETF	12.3	30	-16	6.3	-3.0
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	12.3	80	-66	5.6	-3.8
STXI	Strive International Developed Markets ETF	12.2	29	-15	6.9	-2.5
TTAI	FCF International Quality ETF	12.1	59	-45	5.6	-3.7
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	12.1	45	-31	8.9	-0.4
DMDV	AAM S&P Developed Markets High Dividend Value ETF	12.0	39	-25	12.1	+2.7
EWA	iShares MSCI Australia ETF	12.0	50	-36	4.9	-4.5
EWU	iShares MSCI United Kingdom ETF	11.9	50	-36	8.4	-0.9
FLAU	Franklin FTSE Australia ETF	11.9	9	5	5.4	-3.9
FNDF	Schwab Fundamental International Large Co. Index ETF	11.9	25	-11	9.9	+0.5
IQDF	FlexShares International Quality Dividend Index Fund	11.8	47	-33	12.9	+3.5
FID	First Trust S&P International Dividend Aristocrats ETF	11.7	60	-46	9.0	-0.4
IQDE	FlexShares International Quality Dividend Defensive Index ET	11.4	47	-33	14.8	+5.5
FEZ	SPDR EURO STOXX 50 ETF	11.4	29	-15	6.8	-2.5
FLGB	Franklin FTSE United Kingdom ETF	11.3	9	5	7.9	-1.5
IQIN	IQ 500 International ETF	10.7	25	-11	9.2	-0.2
EQIN	Columbia US Equity Income ETF	10.7	35	-21	8.3	-1.0
IMFL	Invesco International Developed Dynamic Multifactor ETF	10.5	34	-20	5.9	-3.5
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	10.5	29	-15	8.6	-0.7
IEV	iShares Europe ETF	10.4	67	-53	6.6	-2.7
EUDG	WisdomTree Europe Quality Dividend Growth Fund	10.4	58	-44	6.5	-2.8
JPIN	J.P. Morgan Diversified Return International Equity ETF	10.3	37	-23	8.9	-0.5
JHID	John Hancock International High Dividend ETF	10.1	46	-32	11.3	+2.0
AIVI	WisdomTree International AI Enhanced Value Fund	10.0	58	-44	8.5	-0.9
DVYA	iShares Asia/Pacific Dividend ETF	9.7	49	-35	9.0	-0.4
WDIV	SPDR S&P Global Dividend ETF	9.7	40	-26	9.4	+0.0
EZU	iShares MSCI Eurozone ETF	9.6	52	-38	6.6	-2.7
EFA	iShares MSCI EAFE ETF	9.5	35	-21	6.9	-2.4
GNR	SPDR S&P Global Natural Resources ETF	9.5	40	-26	9.7	+0.4
EWQ	iShares MSCI France ETF	9.4	53	-39	6.3	-3.1
FLEU	Franklin FTSE Eurozone ETF	9.3	9	5	7.3	-2.1
SPEU	SPDR Portfolio Europe ETF	9.2	7	7	7.1	-2.3
CWI	SPDR MSCI ACWI ex-US ETF	9.1	30	-16	6.9	-2.4
IEUR	iShares Core MSCI Europe ETF	9.1	11	3	7.1	-2.3
RODE	Hartford Multifactor Diversified International ETF	9.1	29	-15	11.8	+2.4
SCHF	Schwab International Equity ETF	9.0	6	8	7.5	-1.9
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	9.0	47	-33	9.4	+0.0
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	8.9	58	-44	6.4	-3.0
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	8.9	45	-31	6.5	-2.8
VGK	Vanguard FTSE Europe ETF	8.9	11	3	7.1	-2.3
IQDG	WisdomTree International Quality Dividend Growth Fund	8.9	42	-28	6.8	-2.6
ESGD	iShares ESG Aware MSCI EAFE ETF	8.9	20	-6	6.9	-2.4
JHMD	John Hancock Multifactor Developed International ETF	8.8	39	-25	7.8	-1.6
INTF	iShares International Equity Factor ETF	8.8	15	-1	8.2	-1.2
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	8.7	25	-11	7.2	-2.2
CEFA	Global X S&P Catholic Values Developed ex-US ETF	8.7	35	-21	6.6	-2.7
JIRE	JPMorgan International Research Enhanced Equity ETF	8.7	24	-10	7.1	-2.2
CIL	VictoryShares International Volatility Wtd ETF	8.5	45	-31	7.0	-2.4
IDEV	iShares Core MSCI International Developed Markets ETF	8.5	4	10	7.1	-2.2
CIZ	VictoryShares Developed Enhanced Volatility Wtd ETF	8.5	51	-37	7.1	-2.2
KXI	iShares Global Consumer Staples ETF	8.4	41	-27	5.7	-3.6
IDNA	iShares Genomics Immunology and Healthcare ETF	8.4	47	-33	-4.3	-13.6
DFIV	Dimensional International Value ETF	8.4	27	-13	10.0	+0.6
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	8.4	14	0	6.2	-3.2
BBEU	JPMorgan BetaBuilders Europe ETF	8.3	9	5	7.1	-2.2
BKIE	BNY Mellon International Equity ETF	8.3	4	10	7.1	-2.3
GSID	Goldman Sachs MarketBeta International Equity ETF	8.2	20	-6	7.0	-2.4
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	8.2	65	-51	4.3	-5.0
IEFA	iShares Core MSCI EAFE ETF	8.2	7	7	7.1	-2.2
EFAX	SPDR MSCI EAFE Fossil Fuel Free ETF	8.1	20	-6	6.5	-2.8
VEA	Vanguard FTSE Developed Markets ETF	8.1	5	9	7.3	-2.0
DFAI	Dimensional International Core Equity Market ETF	8.1	18	-4	7.3	-2.1
SPDW	SPDR Portfolio Developed World ex-US ETF	8.1	3	11	7.2	-2.2
EFAS	Global X MSCI SuperDividend EAFE ETF	8.1	57	-43	10.3	+0.9
ACWX	iShares MSCI ACWI ex U.S. ETF	8.1	34	-20	7.0	-2.4
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	8.0	46	-32	6.5	-2.9
DEW	WisdomTree Global High Dividend Fund	8.0	58	-44	8.5	-0.8
FGD	First Trust Dow Jones Global Select Dividend Index Fund	8.0	56	-42	13.5	+4.1
GSIE	Goldman Sachs ActiveBeta International Equity ETF	8.0	25	-11	7.2	-2.1
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	8.0	36	-22	6.6	-2.8
UMMA	Wahed Dow Jones Islamic World ETF	7.9	65	-51	4.6	-4.8
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	7.9	46	-32	9.3	0.0
FLEE	Franklin FTSE Europe ETF	7.8	9	5	7.2	-2.2
MOTG	VanEck Morningstar Global Wide Moat ETF	7.8	52	-38	5.6	-3.7
FENI	Fidelity Enhanced International ETF	7.7	28	-14	8.1	-1.3
NUDM	Nuveen ESG International Developed Markets Equity ETF	7.6	31	-17	6.7	-2.7
ROAM	Hartford Multifactor Emerging Markets ETF	7.6	44	-30	15.8	+6.5
HFXI	IQ FTSE International Equity Currency Neutral ETF	7.6	20	-6	7.1	-2.3
DSTX	Distillate International Fundamental Stability & Value ETF	7.5	55	-41	8.0	-1.4
VEU	Vanguard FTSE All-World ex-US Index Fund	7.5	8	6	7.3	-2.1
IQSI	IQ Candriam International Equity ETF	7.5	15	-1	6.6	-2.7
EWI	iShares MSCI Italy ETF	7.4	50	-36	8.1	-1.2
QLVE	FlexShares Emerging Markets Quality Low Volatility Index Fun	7.3	40	-26	8.3	-1.1
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	7.2	39	-25	7.5	-1.8
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	7.2	12	2	5.9	-3.5
BINV	Brandes International ETF	7.2	70	-56	8.5	-0.9
EVLU	iShares MSCI Emerging Markets Value Factor ETF	7.2	35	-21	12.4	+3.1
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	7.1	18	-4	7.0	-2.3
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	7.0	44	-30	10.6	+1.3
IXUS	iShares Core MSCI Total International Stock ETF	6.9	7	7	7.2	-2.2
NXTG	First Trust Indxx NextG ETF	6.9	70	-56	6.2	-3.1
IPAC	iShares Core MSCI Pacific ETF	6.9	9	5	7.2	-2.1
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	6.9	20	-6	6.9	-2.4
AVIV	Avantis International Large Cap Value ETF	6.9	25	-11	9.0	-0.4
PICK	iShares MSCI Global Metals & Mining Producers ETF	6.8	39	-25	12.8	+3.5
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	6.8	30	-16	8.1	-1.2
DEM	WisdomTree Emerging Markets High Dividend Fund	6.8	63	-49	18.9	+9.5
VXUS	Vanguard Total International Stock ETF	6.7	7	7	7.2	-2.2
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	6.6	41	-27	7.4	-1.9
EDIV	SPDR S&P Emerging Markets Dividend ETF	6.6	49	-35	12.0	+2.7
VSGX	Vanguard ESG International Stock ETF	6.5	12	2	6.8	-2.6
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	6.4	24	-10	8.7	-0.7
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	6.3	25	-11	6.6	-2.7
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	6.3	47	-33	5.5	-3.9
TPIF	Timothy Plan International ETF	6.2	62	-48	6.8	-2.6
DMXF	iShares ESG Advanced MSCI EAFE ETF	6.2	12	2	5.5	-3.8
MOTI	VanEck Morningstar International Moat ETF	6.1	58	-44	5.9	-3.5
EMXF	iShares ESG Advanced MSCI EM ETF	6.1	16	-2	6.8	-2.5
VPL	Vanguard FTSE Pacific ETF	6.1	8	6	7.7	-1.6
CGIE	Capital Group International Equity ETF	6.1	54	-40	4.9	-4.4
DFIC	Dimensional International Core Equity 2 ETF	6.0	23	-9	7.7	-1.6
FDEM	Fidelity Emerging Markets Multifactor ETF	5.9	25	-11	12.3	+3.0
WWJD	Inspire International ETF	5.9	80	-66	7.3	-2.1
VIDI	Vident International Equity Strategy ETF	5.8	61	-47	10.2	+0.9
EELV	Invesco S&P Emerging Markets Low Volatility ETF	5.8	29	-15	8.7	-0.6
CGDG	Capital Group Dividend Growers ETF	5.8	47	-33	6.6	-2.7
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	5.7	25	-11	5.6	-3.7
FNDE	Schwab Fundamental Emerging Markets Large Co. Index ETF	5.7	39	-25	12.5	+3.1
MXI	iShares Global Materials ETF	5.7	41	-27	7.0	-2.4
NUEM	Nuveen ESG Emerging Markets Equity ETF	5.6	36	-22	6.5	-2.9
BKCI	BNY Mellon Concentrated International ETF	5.6	80	-66	4.2	-5.2
EWC	iShares MSCI Canada ETF	5.5	50	-36	6.5	-2.9
FILL	iShares MSCI Global Energy Producers ETF	5.5	39	-25	9.6	+0.3
IDMO	Invesco S&P International Developed Momentum ETF	5.5	25	-11	5.9	-3.5
GDVD	R3 Global Dividend Growth ETF	5.4	88	-74	5.5	-3.8
OAIM	OneAscent International Equity ETF	5.4	95	-81	5.1	-4.2
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	5.4	39	-25	7.4	-1.9
DTAN	Sparkline International Intangible Value ETF	5.4	55	-41	9.2	-0.2
UIVM	VictoryShares International Value Momentum ETF	5.4	35	-21	11.0	+1.7
EMMF	WisdomTree Emerging Markets Multifactor Fund	5.3	48	-34	8.8	-0.6
EWJV	iShares MSCI Japan Value ETF	5.2	15	-1	10.2	+0.8
IXC	iShares Global Energy ETF	5.2	44	-30	8.7	-0.7
AVSD	Avantis Responsible International Equity ETF	5.2	23	-9	7.1	-2.3
DWX	SPDR S&P International Dividend ETF	5.2	45	-31	6.5	-2.9
AGQI	First Trust Active Global Quality Income ETF	5.2	85	-71	5.9	-3.5
FEUZ	First Trust Eurozone AlphaDEX ETF	5.2	80	-66	6.7	-2.7
IPKW	Invesco International BuyBack Achievers ETF	5.1	55	-41	11.0	+1.7
EQLT	iShares MSCI Emerging Markets Quality Factor ETF	5.1	35	-21	7.4	-2.0
IXG	iShares Global Financials ETF	5.0	42	-28	6.2	-3.2
QINT	American Century Quality Diversified International ETF	5.0	39	-25	7.7	-1.6
PXH	Invesco FTSE RAFI Emerging Markets ETF	5.0	49	-35	12.2	+2.9
FYLD	Cambria Foreign Shareholder Yield ETF	4.9	59	-45	13.6	+4.3
VIGI	Vanguard International Dividend Appreciation ETF	4.9	15	-1	6.4	-2.9
DGRE	WisdomTree Emerging Markets Quality Dividend Growth Fund	4.9	32	-18	6.9	-2.5
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	4.8	50	-36	13.0	+3.6
DGT	SPDR Global Dow ETF	4.8	50	-36	6.8	-2.6
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	4.8	30	-16	8.0	-1.4
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	4.8	15	-1	10.2	+0.9
TOKE	Cambria Cannabis ETF	4.7	42	-28	1.8	-7.5
JHEM	John Hancock Multifactor Emerging Markets ETF	4.7	49	-35	8.2	-1.2
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free ETF	4.6	30	-16	7.3	-2.1
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	4.6	42	-28	8.1	-1.3
AAXJ	iShares MSCI All Country Asia ex Japan ETF	4.6	70	-56	6.2	-3.2
BATT	Amplify Lithium & Battery Technology ETF	4.6	59	-45	-0.1	-9.5
DFSI	Dimensional International Sustainability Core 1 ETF	4.6	24	-10	6.5	-2.9
LDEM	iShares ESG MSCI EM Leaders ETF	4.6	17	-3	7.6	-1.7
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	4.5	45	-31	11.0	+1.6
COPX	Global X Copper Miners ETF	4.5	65	-51	8.2	-1.2
ICOP	iShares Copper and Metals Mining ETF	4.5	47	-33	10.1	+0.8
EV	Mast Global Battery Recycling & Production ETF	4.5	65	-51	12.2	+2.9
COPA	Themes Copper Miners ETF	4.5	35	-21	7.3	-2.1
STXE	Strive Emerging Markets Ex-China ETF	4.5	32	-18	7.0	-2.3
GCLN	Goldman Sachs Bloomberg Clean Energy Equity ETF	4.4	45	-31	5.7	-3.7
PATN	Pacer Nasdaq International Patent Leaders ETF	4.4	65	-51	6.5	-2.9
ACWV	iShares MSCI Global Min Vol Factor ETF	4.4	20	-6	6.3	-3.0
AVDE	Avantis International Equity ETF	4.4	23	-9	8.1	-1.3
EMGF	iShares Emerging Markets Equity Factor ETF	4.4	25	-11	8.5	-0.8
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	4.4	24	-10	9.2	-0.1
SMOG	VanEck Low Carbon Energy ETF	4.3	61	-47	2.4	-7.0
DEHP	Dimensional Emerging Markets High Profitability ETF	4.2	41	-27	5.0	-4.4
FLAX	Franklin FTSE Asia Ex Japan ETF	4.2	19	-5	6.9	-2.5
EMSG	Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF	4.2	20	-6	6.8	-2.6
PIN	Invesco India ETF	4.2	78	-64	4.5	-4.9
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	4.2	46	-32	4.9	-4.5
FKU	First Trust United Kingdom AlphaDEX Fund	4.1	80	-66	8.5	-0.8
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	4.1	15	-1	7.2	-2.1
GSFP	Goldman Sachs Future Planet Equity ETF	4.1	75	-61	4.2	-5.1
QWLD	SPDR MSCI World StrategicFactors ETF	4.1	30	-16	5.9	-3.4
WLDR	Affinity World Leaders Equity ETF	4.0	67	-53	8.1	-1.3
EMXC	iShares MSCI Emerging Markets ex China ETF	4.0	25	-11	6.7	-2.7
SCHE	Schwab Emerging Markets Equity ETF	4.0	11	3	7.1	-2.2
ECON	Columbia Emerging Markets Consumer ETF	4.0	49	-35	7.3	-2.0
EWL	iShares MSCI Switzerland ETF	4.0	50	-36	4.5	-4.9
OZEM	Roundhill GLP-1 & Weight Loss ETF	4.0	59	-45	-0.8	-10.1
THNR	Amplify Weight Loss Drug & Treatment ETF	4.0	59	-45	5.2	-4.2
EPI	WisdomTree India Earnings Fund	3.9	85	-71	6.1	-3.3
EEM	iShares MSCI Emerging Markets ETF	3.9	69	-55	6.9	-2.5
XCNY	SPDR S&P Emerging Markets ex-China ETF	3.9	15	-1	6.3	-3.1
XCEM	Columbia EM Core ex-China ETF	3.9	16	-2	7.7	-1.6
RNEM	First Trust Emerging Markets Equity Select ETF	3.9	75	-61	7.6	-1.8
KROP	Global X AgTech & Food Innovation ETF	3.9	50	-36	4.7	-4.7
IXJ	iShares Global Healthcare ETF	3.9	42	-28	6.5	-2.8
ASEA	Global X FTSE Southeast Asia ETF	3.8	65	-51	6.3	-3.0
NFTY	First Trust India NIFTY 50 Equal Weight ETF	3.8	80	-66	6.3	-3.1
BKF	iShares MSCI BIC ETF	3.8	69	-55	6.9	-2.4
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	3.8	33	-19	8.2	-1.1
ESGE	iShares ESG Aware MSCI EM ETF	3.8	25	-11	7.1	-2.2
HEDJ	WisdomTree Europe Hedged Equity Fund	3.8	58	-44	9.5	+0.1
GVAL	Cambria Global Value ETF	3.8	68	-54	13.1	+3.7
JXI	iShares Global Utilities ETF	3.8	43	-29	5.9	-3.4
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	3.8	66	-52	10.0	+0.6
KOCG	FIS Knights of Columbus Global Belief ETF	3.7	75	-61	5.0	-4.3
INDA	iShares MSCI India ETF	3.7	65	-51	4.4	-5.0
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	3.7	36	-22	7.8	-1.5
BKEM	BNY Mellon Emerging Markets Equity ETF	3.7	11	3	8.4	-1.0
FLIN	Franklin FTSE India ETF	3.7	19	-5	4.7	-4.7
BBCA	JPMorgan BetaBuilders Canada ETF	3.7	19	-5	6.6	-2.8
INDY	iShares India 50 ETF	3.6	89	-75	4.6	-4.8
AIA	iShares Asia 50 ETF	3.6	50	-36	6.6	-2.7
GSIB	Themes Global Systemically Important Banks ETF	3.6	35	-21	13.4	+4.1
DFAE	Dimensional Emerging Core Equity Market ETF	3.6	35	-21	7.3	-2.0
FEP	First Trust Europe AlphaDEX Fund	3.6	80	-66	7.8	-1.6
DIM	WisdomTree International MidCap Dividend Fund	3.6	58	-44	7.7	-1.6
FLCA	Franklin FTSE Canada ETF	3.5	9	5	6.8	-2.5
IXP	iShares Global Comm Services ETF	3.5	42	-28	5.1	-4.3
NTZG	Nuveen Global Net Zero Transition ETF	3.4	56	-42	4.7	-4.6
IEMG	iShares Core MSCI Emerging Markets ETF	3.4	9	5	7.5	-1.9
VWO	Vanguard FTSE Emerging Markets ETF	3.4	8	6	6.9	-2.4
GLOF	iShares Global Equity Factor ETF	3.4	20	-6	7.0	-2.3
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	3.4	38	-24	7.8	-1.5
EFG	iShares MSCI EAFE Growth ETF	3.4	36	-22	4.5	-4.8
EEMA	iShares MSCI Emerging Markets Asia ETF	3.3	49	-35	6.5	-2.8
SPEM	SPDR Portfolio Emerging Markets ETF	3.3	7	7	7.3	-2.0
BLES	Inspire Global Hope ETF	3.3	61	-47	6.4	-2.9
EEMO	Invesco S&P Emerging Markets Momentum ETF	3.3	29	-15	5.5	-3.8
FEEM	FlexShares ESG & Climate Emerging Markets Core Index ETF	3.2	18	-4	6.8	-2.5
JPXN	iShares JPX-Nikkei 400 ETF	3.2	48	-34	8.7	-0.7
OCEN	IQ Clean Oceans ETF	3.2	45	-31	6.1	-3.3
GMF	SPDR S&P Emerging Asia Pacific ETF	3.1	49	-35	6.1	-3.2
DIVS	SmartETFs Dividend Builder ETF	3.1	65	-51	5.0	-4.3
DVYE	iShares Emerging Markets Dividend ETF	3.0	49	-35	18.8	+9.4
FLGR	Franklin FTSE Germany ETF	2.9	9	5	7.0	-2.3
SUPL	ProShares Supply Chain Logistics ETF	2.9	58	-44	14.2	+4.9
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	2.9	59	-45	11.3	+2.0
EWJ	iShares MSCI Japan ETF	2.9	50	-36	8.0	-1.4
AVEM	Avantis Emerging Markets Equity ETF	2.9	33	-19	8.9	-0.5
KLMT	Invesco MSCI Global Climate 500 ETF	2.8	10	4	5.4	-3.9
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	2.8	78	-64	9.0	-0.4
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	2.8	41	-27	7.4	-1.9
FDVV	Fidelity High Dividend ETF	2.8	15	-1	8.7	-0.7
DBJP	Xtrackers MSCI Japan Hedged Equity ETF	2.8	47	-33	7.4	-2.0
FPA	First Trust Asia Pacific ex-Japan AlphaDEX Fund	2.8	80	-66	7.6	-1.8
SHPP	Pacer Industrials and Logistics ETF	2.8	60	-46	9.9	+0.5
BBJP	JPMorgan BetaBuilders Japan ETF	2.7	19	-5	7.8	-1.5
ACWI	iShares MSCI ACWI ETF	2.7	32	-18	5.3	-4.1
IPAV	Global X Infrastructure Development ex-U.S. ETF	2.7	55	-41	9.7	+0.4
CRBN	iShares MSCI ACWI Low Carbon Target ETF	2.7	20	-6	5.2	-4.2
SEA	U.S. Global Sea to Sky Cargo ETF	2.6	60	-46	21.5	+12.2
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	2.6	80	-66	9.1	-0.3
RGEF	Rockefeller Global Equity ETF	2.6	55	-41	5.0	-4.4
CZAR	Themes Natural Monopoly ETF	2.6	35	-21	6.3	-3.1
IOO	iShares Global 100 ETF	2.6	41	-27	4.8	-4.5
EFNL	iShares MSCI Finland ETF	2.6	56	-42	8.0	-1.3
URTH	iShares MSCI World ETF	2.6	24	-10	5.2	-4.2
EWN	iShares MSCI Netherlands ETF	2.6	50	-36	5.1	-4.2
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	2.6	9	5	5.4	-4.0
MEM	Matthews Emerging Markets Equity Active ETF	2.6	79	-65	5.4	-3.9
FLJP	Franklin FTSE Japan ETF	2.6	9	5	7.8	-1.5
TOK	iShares MSCI Kokusai ETF	2.6	26	-12	5.0	-4.3
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	2.6	95	-81	10.5	+1.2
EWG	iShares MSCI Germany ETF	2.6	50	-36	6.4	-3.0
EWS	iShares MSCI Singapore ETF	2.5	50	-36	5.0	-4.3
FLJH	Franklin FTSE Japan Hedged ETF	2.5	9	5	7.7	-1.7
DXJ	WisdomTree Japan Hedged Equity Fund	2.5	48	-34	8.5	-0.8
ECOW	Pacer Emerging Markets Cash Cows 100 ETF	2.5	70	-56	9.2	-0.2
GSJY	Goldman Sachs ActiveBeta Japan Equity ETF	2.5	25	-11	8.6	-0.8
ESGG	FlexShares STOXX Global ESG Select Index Fund	2.5	42	-28	5.1	-4.2
DFEV	Dimensional Emerging Markets Value ETF	2.5	43	-29	11.1	+1.7
DAX	Global X DAX Germany ETF	2.5	21	-7	6.9	-2.4
EMDV	ProShares MSCI Emerging Markets Dividend Growers ETF	2.4	60	-46	9.8	+0.5
VT	Vanguard Total World Stock ETF	2.4	7	7	5.5	-3.8
OSEA	Harbor International Compounders ETF	2.3	55	-41	4.3	-5.1
KOKU	Xtrackers MSCI Kokusai Equity ETF	2.3	9	5	5.2	-4.1
EUFN	iShares MSCI Europe Financials ETF	2.3	51	-37	8.1	-1.2
AVES	Avantis Emerging Markets Value ETF	2.2	36	-22	11.6	+2.3
JIG	JPMorgan International Growth ETF	2.2	55	-41	4.6	-4.7
CGDV	Capital Group Dividend Value ETF	2.2	33	-19	5.6	-3.8
FGM	First Trust Germany AlphaDEX Fund	2.2	80	-66	6.0	-3.4
KNO	AXS Knowledge Leaders ETF	2.2	78	-64	4.9	-4.4
FIXT	Procure Disaster Recovery Strategy ETF	2.2	75	-61	5.8	-3.5
LEGR	First Trust Indxx Innovative Transaction & Process ETF	2.1	65	-51	8.2	-1.2
KNCT	Invesco Next Gen Connectivity ETF	2.1	40	-26	5.6	-3.8
RAYE	Rayliant Quantamental Emerging Market ex-China Equity ETF	2.0	88	-74	7.4	-1.9
FAN	First Trust Global Wind Energy ETF	2.0	60	-46	5.5	-3.8
CRTC	Xtrackers US National Critical Technologies ETF	2.0	35	-21	5.1	-4.3
ION	ProShares S&P Global Core Battery Metals ETF	2.0	58	-44	15.5	+6.2
PID	Invesco International Dividend Achievers ETF	2.0	53	-39	7.0	-2.3
FJP	First Trust Japan AlphaDEX Fund	2.0	80	-66	10.3	+1.0
CGGO	Capital Group Global Growth Equity ETF	1.9	47	-33	4.6	-4.8
IGF	iShares Global Infrastructure ETF	1.9	41	-27	4.3	-5.1
GII	SPDR S&P Global Infrastructure ETF	1.9	40	-26	4.3	-5.0
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	1.9	12	2	4.8	-4.6
URA	Global X Uranium ETF	1.9	69	-55	2.4	-7.0
XC	WisdomTree Emerging Markets Ex-China Fund	1.8	32	-18	6.0	-3.4
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	1.8	67	-53	15.0	+5.7
LNGG	Roundhill Alerian LNG ETF	1.7	65	-51	9.1	-0.3
FLCH	Franklin FTSE China ETF	1.7	19	-5	8.8	-0.5
KALL	KraneShares MSCI All China Index ETF	1.7	49	-35	9.0	-0.3
FXI	iShares China Large-Cap ETF	1.7	74	-60	8.2	-1.2
MCHI	iShares MSCI China ETF	1.7	59	-45	8.4	-1.0
GXC	SPDR S&P China ETF	1.7	59	-45	8.3	-1.0
FSZ	First Trust Switzerland AlphaDEX Fund	1.7	80	-66	4.2	-5.1
FLSA	Franklin FTSE Saudi Arabia ETF	1.7	39	-25	5.7	-3.6
KSA	iShares MSCI Saudi Arabia ETF	1.7	74	-60	5.6	-3.8
GLBL	Pacer MSCI World Industry Advantage ETF	1.7	65	-51	4.7	-4.6
DGIN	VanEck Digital India ETF	1.7	71	-57	0.1	-9.2
GLIN	VanEck India Growth Leaders ETF	1.7	77	-63	5.7	-3.7
EYLD	Cambria Emerging Shareholder Yield ETF	1.7	66	-52	13.2	+3.8
CGUS	Capital Group Core Equity ETF	1.6	33	-19	4.4	-4.9
MCH	Matthews China Active ETF	1.6	79	-65	5.4	-4.0
JCHI	JPMorgan Active China ETF	1.6	65	-51	8.0	-1.4
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	1.6	32	-18	6.2	-3.1
EEMD	AAM S&P Emerging Markets High Dividend Value ETF	1.5	49	-35	16.1	+6.8
ISHP	First Trust Nasdaq Retail ETF	1.5	60	-46	2.9	-6.5
MJ	ETFMG Alternative Harvest	1.5	75	-61	-42.4	-51.7
FLLA	Franklin FTSE Latin America ETF	1.5	19	-5	13.2	+3.8
EMDM	First Trust Bloomberg Emerging Market Democracies ETF	1.5	75	-61	8.2	-1.1
EXI	iShares Global Industrials ETF	1.5	42	-28	4.5	-4.8
GREI	Goldman Sachs Future Real Estate and Infrastructure Equity E	1.5	75	-61	4.6	-4.8
EDOG	ALPS Emerging Sector Dividend Dogs ETF	1.5	60	-46	13.4	+4.1
EIDO	iShares MSCI Indonesia ETF	1.5	59	-45	7.5	-1.9
FCA	First Trust China AlphaDEX Fund	1.4	80	-66	16.2	+6.8
EWZ	iShares MSCI Brazil ETF	1.4	58	-44	10.4	+1.0
JGLO	JPMorgan Global Select Equity ETF	1.4	33	-19	4.5	-4.9
FEM	First Trust Emerging Markets AlphaDEX Fund	1.3	80	-66	13.0	+3.7
PIE	Invesco Dorsey Wright Emerging Markets Momentum ETF	1.3	90	-76	6.1	-3.2
FBZ	First Trust Brazil AlphaDEX Fund	1.3	80	-66	13.3	+4.0
CGV	Conductor Global Equity Value ETF	1.3	130	-116	10.9	+1.6
RXI	iShares Global Consumer Discretionary ETF	1.2	41	-27	5.4	-4.0
CCNR	ALPS CoreCommodity Natural Resources ETF	1.2	39	-25	11.0	+1.7
PRNT	3D Printing ETF	1.2	66	-52	0.7	-8.7
BITQ	Bitwise Crypto Industry Innovators ETF	1.2	85	-71	-1.9	-11.2
DFNL	Davis Select Financial ETF	1.2	63	-49	6.6	-2.7
DINT	Davis Select International ETF	1.2	55	-41	6.0	-3.3
DWLD	Davis Select Worldwide ETF	1.2	63	-49	6.7	-2.6
FDFF	Fidelity Disruptive Finance ETF	1.2	50	-36	4.1	-5.2
KDIV	KraneShares S&P Pan Asia Dividend Aristocrats Index ETF	1.2	68	-54	8.2	-1.1
BLLD	JPMorgan Sustainable Infrastructure ETF	1.2	49	-35	5.7	-3.7
BLOK	Amplify Transformational Data Sharing ETF	1.2	75	-61	0.0	-9.3
FLBR	Franklin FTSE Brazil ETF	1.2	19	-5	13.2	+3.8
FLN	First Trust Latin America AlphaDEX Fund	1.1	80	-66	8.4	-0.9
JSTC	Adasina Social Justice All Cap Global ETF	1.1	89	-75	4.9	-4.4
RAYD	Rayliant Quantitative Developed Market Equity ETF	1.1	80	-66	3.8	-5.5
QUVU	Hartford Quality Value ETF	1.0	46	-32	6.6	-2.7
QTUM	Defiance Quantum ETF	1.0	40	-26	3.6	-5.8
FDRR	Fidelity Dividend ETF for Rising Rates	1.0	15	-1	7.4	-1.9
IDX	VanEck Indonesia Index ETF	0.9	57	-43	8.8	-0.6
EMM	Global X Emerging Markets ex-China ETF	0.9	75	-61	4.2	-5.1
GINN	Goldman Sachs Innovate Equity ETF	0.9	52	-38	2.8	-6.6
AFK	VanEck Africa Index ETF	0.8	98	-84	9.1	-0.3
EZA	iShares MSCI South Africa ETF	0.8	58	-44	10.3	+1.0
WRND	IQ Global Equity R&D Leaders ETF	0.8	18	-4	7.5	-1.8
FTHF	First Trust Emerging Markets Human Flourishing ETF	0.8	75	-61	8.9	-0.5
FLTW	Franklin FTSE Taiwan ETF	0.8	19	-5	5.9	-3.5
HAP	VanEck Natural Resources ETF	0.8	50	-36	10.0	+0.6
XT	iShares Exponential Technologies ETF	0.8	46	-32	4.8	-4.6
QAT	iShares MSCI Qatar ETF	0.8	59	-45	9.4	+0.1
FNDC	Schwab Fundamental International Small Co. Index ETF	0.7	39	-25	7.2	-2.1
NORW	Global X MSCI Norway ETF	0.7	50	-36	7.6	-1.8
ENOR	iShares MSCI Norway ETF	0.7	53	-39	7.5	-1.8
DFIS	Dimensional International Small Cap ETF	0.7	39	-25	6.9	-2.5
FLKR	Franklin FTSE South Korea ETF	0.6	9	5	10.6	+1.3
EWY	iShares MSCI South Korea ETF	0.6	58	-44	9.8	+0.5
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	0.6	49	-35	7.0	-2.4
EFAD	ProShares MSCI EAFE Dividend Growers ETF	0.6	50	-36	5.3	-4.0
EUDV	ProShares MSCI Europe Dividend Growers ETF	0.6	55	-41	5.3	-4.1
FPXE	First Trust IPOX Europe Equity Opportunities ETF	0.6	70	-56	3.5	-5.8
THD	iShares MSCI Thailand ETF	0.6	58	-44	6.1	-3.2
EEMS	iShares MSCI Emerging Markets Small Cap ETF	0.6	70	-56	7.7	-1.6
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	0.6	80	-66	3.2	-6.2
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	0.6	58	-44	10.2	+0.9
EWT	iShares MSCI Taiwan ETF	0.5	58	-44	5.7	-3.7
FDD	First Trust Stoxx European Select Dividend Index Fund	0.5	58	-44	13.6	+4.3
NLR	VanEck Uranium+Nuclear Energy ETF	0.5	61	-47	2.9	-6.5
EWP	iShares MSCI Spain ETF	0.5	50	-36	8.4	-1.0
RNWZ	TrueShares Eagle Global Renewable Energy Income ETF	0.5	75	-61	7.9	-1.4
GQRE	FlexShares Global Quality Real Estate Index Fund	0.5	45	-31	5.9	-3.4
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	0.5	10	4	7.7	-1.7
VNQI	Vanguard Global ex-U.S. Real Estate ETF	0.5	12	2	8.3	-1.1
UEVM	VictoryShares Emerging Markets Value Momentum ETF	0.5	45	-31	12.3	+3.0
IQRA	IQ CBRE Real Assets ETF	0.5	65	-51	5.2	-4.2
MINV	Matthews Asia Innovators Active ETF	0.4	79	-65	3.0	-6.4
FPXI	First Trust International Equity Opportunities ETF	0.4	70	-56	4.9	-4.4
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	0.4	58	-44	4.6	-4.8
FTAG	First Trust Indxx Global Agriculture ETF	0.4	70	-56	9.7	+0.3
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.4	79	-65	10.3	+0.9
UAE	iShares MSCI UAE ETF	0.4	59	-45	8.4	-0.9
SCJ	iShares MSCI Japan Small-Cap ETF	0.4	50	-36	7.0	-2.4
CRAK	VanEck Oil Refiners ETF	0.4	61	-47	14.7	+5.4
EMC	Global X Emerging Markets Great Consumer ETF	0.4	75	-61	4.5	-4.8
FLMX	Franklin FTSE Mexico ETF	0.3	19	-5	16.2	+6.9
EWW	iShares MSCI Mexico ETF	0.3	50	-36	13.2	+3.8
ROBO	ROBO Global Robotics & Automation Index ETF	0.3	95	-81	3.5	-5.9
SNSR	Global X Internet of Things ETF	0.3	68	-54	4.6	-4.7
FRDM	Freedom 100 Emerging Markets ETF	0.3	49	-35	7.3	-2.1
SDG	iShares MSCI Global Sustainable Development Goals ETF	0.3	49	-35	5.6	-3.7
RVRB	Reverb ETF	0.3	30	-16	4.7	-4.7
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	0.3	58	-44	9.2	-0.1
CUT	Invesco MSCI Global Timber ETF	0.3	61	-47	8.4	-1.0
WOOD	iShares Global Timber & Forestry ETF	0.3	42	-28	9.8	+0.4
ENZL	iShares MSCI New Zealand ETF	0.3	50	-36	3.7	-5.7
AIQ	Global X Artificial Intelligence & Technology ETF	0.3	68	-54	4.0	-5.4
EWM	iShares MSCI Malaysia ETF	0.2	50	-36	5.5	-3.8
ILF	iShares Latin America 40 ETF	0.2	48	-34	10.4	+1.1
SCZ	iShares MSCI EAFE Small-Cap ETF	0.2	40	-26	6.6	-2.8
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	0.2	80	-66	10.8	+1.5
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	0.2	7	7	6.7	-2.7
ICLN	iShares Global Clean Energy ETF	0.2	41	-27	6.0	-3.4
EDEN	iShares MSCI Denmark ETF	0.2	53	-39	6.9	-2.4
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.2	85	-71	3.5	-5.8
BCDF	Horizon Kinetics Blockchain Development ETF	0.2	85	-71	3.9	-5.4
AVDV	Avantis International Small Cap Value ETF	0.1	36	-22	8.1	-1.2
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.1	45	-31	-0.6	-9.9
CTEC	Global X CleanTech ETF	0.1	50	-36	2.9	-6.5
RNRG	Global X Renewable Energy Producers ETF	0.1	66	-52	5.5	-3.8
DISV	Dimensional International Small Cap Value ETF	0.1	42	-28	9.1	-0.2
URAN	Themes Uranium & Nuclear ETF	0.1	35	-21	1.9	-7.5
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	0.1	75	-61	4.3	-5.1
SCHC	Schwab International Small-Cap Equity ETF	0.1	11	3	6.6	-2.8
GVLU	Gotham 1000 Value ETF	0.0	50	-36	7.4	-1.9
ISCF	iShares International SmallCap Equity Factor ETF	0.0	23	-9	9.1	-0.2
SDIV	Global X Superdividend ETF	0.0	58	-44	14.9	+5.6

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	**	**	**	**	**	**	**
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:	Schwab International Dividend Equity 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	14.1	%
Divided by: Fwd. P/BV	1.5	x
Less: Expense ratio	14	bp
Equals: ALTAR Score	9.3	%

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.