ETF Research Center

Vanguard FTSE Europe ETF

ALTAR
Score™

8.1%

Recommen-
dation

NEUTRAL

2025E 2026E
P/E ratio	12.7x	P/Sales ratio	1.3x
P/BV ratio	1.8x	Div. yield	3.6%

Description
Performance
Comps
Fundamentals
Valuation
Rating

The Vanguard FTSE Europe ETF seeks to track the performance of the FTSE Developed Europe All Cap Index, which measures the investment return of stocks issued by companies located in the major markets of Europe.

FUND BASICS
Category	International Equities
Fund Sponsor	Vanguard
Website	www.vanguard.com
Inception date	Mar 04, 2005
Assets (mns)	$18,765
Currency	USD
Expense ratio	11 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Brown Brothers Harriman & Co
Weighting	Market Cap
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	1267
Wgt avg mkt cap (mns)	$96,644
Large cap (>$10bn)	86.3%
Mid cap ($2-10bn)	11.4%
Small cap (<$2bn)	2.1%
Developed mkts	99.3%
Emerging mkts	0.6%

TOP TEN HOLDINGS
Total	17.8 %
SAP AG	2.2 %
ASML HOLDING NV	2.1 %
NESTLE SA-REG	2.0 %
NOVO NORDISK A/S-B	1.8 %
ROCHE HOLDING LTD	1.8 %
ASTRAZENECA PLC	1.8 %
NOVARTIS AG	1.7 %
HSBC HOLDINGS PLC	1.5 %
SHELL PLC	1.4 %
SIEMENS AG-REG	1.4 %

TOP COUNTRY EXPOSURE
	BRITAIN	22.1 %
	SWITZERLAND	14.5 %
	GERMANY	13.9 %
	FRANCE	13.0 %
	NETHERLANDS	7.0 %
	SWEDEN	5.1 %
	SPAIN	4.7 %
	ITALY	4.6 %
	DENMARK	3.3 %
	IRELAND	1.7 %

Standardized Annual Returns (thru March 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
11.1%	6.6%	13.5%	5.9%	5.5%

Market Correlations
versus...	Beta	R-squared
S&P500	0.88	62%
MSCI EAFE	1.09	96%
MSCI Emg. Mkts.	0.85	58%

Technical Indicators
Recent close	$65.02
30d moving avg.	$71.09
Annualized volatility	19.4%
Short interest (ETF)	4.0%
Relative strength (RSI)	39

Liquidity measures
Avg. volume (thou.)	5,915
Turnover	2.1%
Bid/Ask (% of price)	0.02%
ADV underlying (mns)	$20,973

FINDING ALTERNATIVE FUNDS

Below is a list of 626 potential alternatives to the Vanguard FTSE Europe ETF ETF based on the alternatives' overlap in portfolio holdings with VGK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

VGK

Expense:

11 bp

ALTAR Score™:

8.1%

ALTERNATIVE ETFs BASED ON OVERLAP WITH VGK
Ticker	Fund Name	Overlap¹ vs VGK (%)	Expense ratio (bp)	Savings vs VGK (bp)	ALTAR Score™ (%)	ALTAR vs VGK (%)
SPEU	SPDR Portfolio Europe ETF	92.0	7	4	8.1	-0.0
IEUR	iShares Core MSCI Europe ETF	91.6	11	0	8.1	-0.1
IEV	iShares Europe ETF	83.8	67	-56	7.6	-0.5
FLEE	Franklin FTSE Europe ETF	80.3	9	2	7.6	-0.5
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	79.0	46	-35	7.5	-0.7
BBEU	JPMorgan BetaBuilders Europe ETF	77.7	9	2	7.9	-0.3
EFAX	SPDR MSCI EAFE Fossil Fuel Free ETF	64.7	20	-9	7.3	-0.9
EFA	iShares MSCI EAFE ETF	64.6	35	-24	7.7	-0.4
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	62.4	25	-14	7.9	-0.3
IEFA	iShares Core MSCI EAFE ETF	61.0	7	4	8.1	-0.1
STXI	Strive International Developed Markets ETF	60.9	29	-18	6.5	-1.6
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	58.9	36	-25	7.6	-0.5
HFXI	IQ FTSE International Equity Currency Neutral ETF	57.9	20	-9	8.1	-0.1
GSID	Goldman Sachs MarketBeta International Equity ETF	55.8	20	-9	7.8	-0.3
ESGD	iShares ESG Aware MSCI EAFE ETF	55.7	20	-9	7.8	-0.3
IDEV	iShares Core MSCI International Developed Markets ETF	54.9	4	7	8.0	-0.1
QEFA	SPDR MSCI EAFE StrategicFactors ETF	54.6	30	-19	7.8	-0.3
VEA	Vanguard FTSE Developed Markets ETF	53.3	5	6	8.2	+0.1
DFAI	Dimensional International Core Equity Market ETF	51.0	18	-7	8.3	+0.1
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	50.9	45	-34	10.3	+2.1
SPDW	SPDR Portfolio Developed World ex-US ETF	50.6	3	8	8.2	+0.1
BKIE	BNY Mellon International Equity ETF	50.2	4	7	8.0	-0.1
SCHF	Schwab International Equity ETF	49.2	6	5	8.4	+0.3
CEFA	Global X S&P Catholic Values Developed ex-US ETF	48.4	35	-24	6.4	-1.7
EFV	iShares MSCI EAFE Value ETF	47.4	34	-23	10.3	+2.2
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	47.3	40	-29	8.3	+0.2
DWM	WisdomTree International Equity Fund	47.3	48	-37	8.4	+0.2
DIVI	Franklin International Core Dividend Tilt Index ETF	47.2	9	2	9.0	+0.9
JHMD	John Hancock Multifactor Developed International ETF	47.1	39	-28	8.5	+0.4
IQSI	IQ Candriam International Equity ETF	47.1	15	-4	7.3	-0.9
DOL	WisdomTree International LargeCap Dividend Fund	46.6	48	-37	8.1	-0.0
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	46.5	12	-1	6.7	-1.4
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	46.3	45	-34	7.4	-0.8
VYMI	Vanguard International High Dividend Yield ETF	45.0	22	-11	10.9	+2.7
EZU	iShares MSCI Eurozone ETF	44.2	52	-41	7.4	-0.7
IQLT	iShares MSCI Intl Quality Factor ETF	43.7	30	-19	6.9	-1.3
EFG	iShares MSCI EAFE Growth ETF	43.4	36	-25	5.0	-3.2
JIRE	JPMorgan International Research Enhanced Equity ETF	43.2	24	-13	8.1	-0.0
GSIE	Goldman Sachs ActiveBeta International Equity ETF	42.8	25	-14	8.2	+0.0
DFSI	Dimensional International Sustainability Core 1 ETF	41.7	24	-13	7.2	-0.9
ACWX	iShares MSCI ACWI ex U.S. ETF	41.4	34	-23	8.9	+0.8
CWI	SPDR MSCI ACWI ex-US ETF	41.0	30	-19	9.0	+0.8
FNDF	Schwab Fundamental International Large Co. Index ETF	40.1	25	-14	11.1	+2.9
VEU	Vanguard FTSE All-World ex-US Index Fund	39.7	8	3	9.2	+1.1
IXUS	iShares Core MSCI Total International Stock ETF	39.3	7	4	9.0	+0.9
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	38.9	14	-3	6.6	-1.6
VXUS	Vanguard Total International Stock ETF	38.9	7	4	9.0	+0.9
DFIC	Dimensional International Core Equity 2 ETF	38.7	23	-12	8.7	+0.5
DMXF	iShares ESG Advanced MSCI EAFE ETF	38.4	12	-1	6.3	-1.8
FENI	Fidelity Enhanced International ETF	38.4	28	-17	7.7	-0.4
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	38.0	20	-9	7.4	-0.8
INTF	iShares International Equity Factor ETF	37.9	15	-4	9.0	+0.8
CIL	VictoryShares International Volatility Wtd ETF	37.4	45	-34	7.5	-0.6
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	37.3	39	-28	9.2	+1.0
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	37.2	41	-30	7.9	-0.3
IVLU	iShares MSCI Intl Value Factor ETF	36.9	30	-19	12.3	+4.2
VSGX	Vanguard ESG International Stock ETF	36.5	12	-1	8.9	+0.8
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	35.4	18	-7	8.8	+0.7
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	35.2	39	-28	7.5	-0.6
IMFL	Invesco International Developed Dynamic Multifactor ETF	35.2	34	-23	6.6	-1.5
IMTM	iShares MSCI Intl Momentum Factor ETF	35.1	30	-19	6.2	-1.9
AVDE	Avantis International Equity ETF	33.8	23	-12	8.8	+0.6
AVSD	Avantis Responsible International Equity ETF	33.8	23	-12	7.5	-0.7
EUDG	WisdomTree Europe Quality Dividend Growth Fund	33.3	58	-47	7.0	-1.1
IDHQ	Invesco S&P International Developed High Quality ETF	33.2	29	-18	7.2	-0.9
OEUR	ALPS O'Shares Europe Quality Dividend ETF	32.1	48	-37	6.3	-1.8
FIVA	Fidelity International Value Factor ETF	29.6	18	-7	11.6	+3.4
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	29.5	30	-19	9.4	+1.3
FEZ	SPDR EURO STOXX 50 ETF	29.1	29	-18	7.8	-0.3
UMMA	Wahed Dow Jones Islamic World ETF	29.0	65	-54	5.8	-2.3
RFEU	First Trust Riverfront Dynamic Europe ETF	27.6	83	-72	10.9	+2.8
NUDM	Nuveen ESG International Developed Markets Equity ETF	27.2	31	-20	7.3	-0.8
DIHP	Dimensional International High Profitability ETF	27.0	29	-18	8.1	-0.1
EFAV	iShares MSCI EAFE Min Vol Factor ETF	26.6	22	-11	6.0	-2.1
TPIF	Timothy Plan International ETF	26.3	62	-51	7.1	-1.1
RFDI	First Trust Riverfront Dynamic Developed International ETF	26.0	83	-72	11.1	+2.9
DFIV	Dimensional International Value ETF	25.6	27	-16	11.5	+3.4
QINT	American Century Quality Diversified International ETF	24.8	39	-28	8.4	+0.3
FDEV	Fidelity International Multifactor ETF	24.6	18	-7	8.2	+0.1
DWMF	WisdomTree International Multifactor Fund	23.9	38	-27	7.3	-0.8
IDMO	Invesco S&P International Developed Momentum ETF	23.7	25	-14	6.4	-1.8
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	23.6	24	-13	6.9	-1.3
IDLV	Invesco S&P International Developed Low Volatility ETF	23.6	25	-14	6.6	-1.6
JPIN	J.P. Morgan Diversified Return International Equity ETF	23.6	37	-26	9.6	+1.4
CGIE	Capital Group International Equity ETF	23.5	54	-43	5.6	-2.5
DTH	WisdomTree International High Dividend Fund	23.0	58	-47	9.9	+1.8
ESGG	FlexShares STOXX Global ESG Select Index Fund	23.0	42	-31	5.8	-2.4
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	22.5	80	-69	5.9	-2.2
HEDJ	WisdomTree Europe Hedged Equity Fund	22.4	58	-47	7.3	-0.9
FEP	First Trust Europe AlphaDEX Fund	21.4	80	-69	10.4	+2.3
PATN	Pacer Nasdaq International Patent Leaders ETF	21.3	65	-54	4.4	-3.8
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	21.3	32	-21	6.4	-1.8
IGRO	iShares International Dividend Growth ETF	20.7	15	-4	7.8	-0.4
IQDG	WisdomTree International Quality Dividend Growth Fund	20.3	42	-31	7.9	-0.3
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	20.3	58	-47	7.8	-0.4
QWLD	SPDR MSCI World StrategicFactors ETF	20.3	30	-19	6.5	-1.7
AVIV	Avantis International Large Cap Value ETF	20.2	25	-14	10.2	+2.1
LVHI	Franklin International Low Volatility High Dividend Index ET	19.9	40	-29	11.9	+3.7
DTAN	Sparkline International Intangible Value ETF	19.7	55	-44	8.0	-0.1
EUFN	iShares MSCI Europe Financials ETF	19.4	51	-40	9.6	+1.5
IXG	iShares Global Financials ETF	19.4	42	-31	9.2	+1.1
EWU	iShares MSCI United Kingdom ETF	19.4	50	-39	9.3	+1.2
FICS	First Trust International Developed Capital Strength ETF	19.3	70	-59	6.1	-2.1
FLGB	Franklin FTSE United Kingdom ETF	19.1	9	2	8.7	+0.6
DGT	SPDR Global Dow ETF	18.8	50	-39	9.1	+0.9
VIGI	Vanguard International Dividend Appreciation ETF	18.7	15	-4	6.7	-1.4
EUDV	ProShares MSCI Europe Dividend Growers ETF	18.4	55	-44	7.2	-0.9
FEUZ	First Trust Eurozone AlphaDEX ETF	18.4	80	-69	10.2	+2.1
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	17.8	29	-18	8.8	+0.7
FIDI	Fidelity International High Dividend ETF	17.7	18	-7	9.7	+1.6
IQDF	FlexShares International Quality Dividend Index Fund	17.6	47	-36	10.4	+2.3
TOK	iShares MSCI Kokusai ETF	17.6	26	-15	5.6	-2.5
VWID	Virtus WMC International Dividend ETF	17.5	49	-38	9.6	+1.4
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	17.4	65	-54	4.6	-3.6
CGXU	Capital Group International Focus Equity ETF	17.2	54	-43	6.6	-1.5
OSEA	Harbor International Compounders ETF	17.1	55	-44	5.1	-3.0
UIVM	VictoryShares International Value Momentum ETF	16.9	35	-24	10.2	+2.1
URTH	iShares MSCI World ETF	16.6	24	-13	6.2	-2.0
KOKU	Xtrackers MSCI Kokusai Equity ETF	16.4	9	2	6.2	-1.9
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	16.2	9	2	9.8	+1.7
JIG	JPMorgan International Growth ETF	16.2	55	-44	5.3	-2.8
TTAI	FCF International Quality ETF	16.0	59	-48	6.9	-1.2
DEW	WisdomTree Global High Dividend Fund	15.9	58	-47	8.5	+0.3
PPIE	Putnam PanAgora ESG International Equity ETF	15.6	49	-38	8.6	+0.4
JHID	John Hancock International High Dividend ETF	15.6	46	-35	11.2	+3.1
IOO	iShares Global 100 ETF	15.5	41	-30	6.0	-2.1
KLMT	Invesco MSCI Global Climate 500 ETF	15.5	10	1	6.8	-1.4
EFAD	ProShares MSCI EAFE Dividend Growers ETF	15.2	50	-39	6.2	-2.0
EXI	iShares Global Industrials ETF	15.2	42	-31	5.5	-2.6
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	15.0	47	-36	9.8	+1.7
ACWI	iShares MSCI ACWI ETF	15.0	32	-21	6.8	-1.4
VT	Vanguard Total World Stock ETF	14.6	7	4	7.1	-1.1
WWJD	Inspire International ETF	14.5	80	-69	8.3	+0.1
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	14.3	9	2	6.6	-1.5
EWQ	iShares MSCI France ETF	13.7	53	-42	7.6	-0.5
FKU	First Trust United Kingdom AlphaDEX Fund	13.6	80	-69	8.6	+0.5
EWG	iShares MSCI Germany ETF	13.4	50	-39	7.1	-1.0
LEGR	First Trust Indxx Innovative Transaction & Process ETF	13.3	65	-54	9.6	+1.4
CGGO	Capital Group Global Growth Equity ETF	13.3	47	-36	5.6	-2.6
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	13.0	42	-31	7.4	-0.7
CRBN	iShares MSCI ACWI Low Carbon Target ETF	12.9	20	-9	7.0	-1.1
RODE	Hartford Multifactor Diversified International ETF	12.9	29	-18	10.6	+2.5
EWL	iShares MSCI Switzerland ETF	12.9	50	-39	6.3	-1.8
DAX	Global X DAX Germany ETF	12.8	21	-10	7.4	-0.7
IXJ	iShares Global Healthcare ETF	12.5	42	-31	7.1	-1.1
FLGR	Franklin FTSE Germany ETF	12.5	9	2	7.4	-0.7
WRND	IQ Global Equity R&D Leaders ETF	12.5	18	-7	8.8	+0.6
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	12.3	12	-1	5.7	-2.5
CGDG	Capital Group Dividend Growers ETF	12.2	47	-36	6.9	-1.3
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	12.2	80	-69	5.4	-2.7
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	12.1	25	-14	7.1	-1.1
DWX	SPDR S&P International Dividend ETF	12.1	45	-34	6.8	-1.4
BLES	Inspire Global Hope ETF	11.6	61	-50	7.6	-0.6
DIM	WisdomTree International MidCap Dividend Fund	11.6	58	-47	8.4	+0.2
IPKW	Invesco International BuyBack Achievers ETF	11.5	55	-44	17.3	+9.2
MOTG	VanEck Morningstar Global Wide Moat ETF	11.2	52	-41	7.4	-0.8
FNDC	Schwab Fundamental International Small Co. Index ETF	11.2	39	-28	6.8	-1.4
GLOF	iShares Global Equity Factor ETF	11.1	20	-9	7.7	-0.4
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	11.1	80	-69	11.1	+2.9
FGM	First Trust Germany AlphaDEX Fund	10.9	80	-69	9.9	+1.8
BKCI	BNY Mellon Concentrated International ETF	10.8	80	-69	5.4	-2.8
FLSW	Franklin FTSE Switzerland ETF	10.4	9	2	6.5	-1.6
DSTX	Distillate International Fundamental Stability & Value ETF	10.3	55	-44	9.1	+1.0
IDOG	ALPS International Sector Dividend Dogs ETF	10.2	50	-39	13.3	+5.2
KOCG	FIS Knights of Columbus Global Belief ETF	10.1	75	-64	6.8	-1.4
VIDI	Vident International Equity Strategy ETF	10.0	61	-50	13.1	+5.0
JGLO	JPMorgan Global Select Equity ETF	9.9	33	-22	5.7	-2.5
INEQ	Columbia International Equity Income ETF	9.8	45	-34	9.7	+1.5
DFIS	Dimensional International Small Cap ETF	9.8	39	-28	8.6	+0.5
AIVI	WisdomTree International AI Enhanced Value Fund	9.4	58	-47	8.1	-0.0
FSZ	First Trust Switzerland AlphaDEX Fund	9.2	80	-69	5.5	-2.7
SCHY	Schwab International Dividend Equity ETF	9.0	14	-3	10.3	+2.1
IDV	iShares International Select Dividend ETF	9.0	51	-40	12.5	+4.4
CZAR	Themes Natural Monopoly ETF	8.6	35	-24	3.1	-5.1
JSTC	Adasina Social Justice All Cap Global ETF	8.4	89	-78	5.0	-3.2
DIVS	SmartETFs Dividend Builder ETF	8.3	65	-54	5.4	-2.8
FYLD	Cambria Foreign Shareholder Yield ETF	8.2	59	-48	13.9	+5.8
SCZ	iShares MSCI EAFE Small-Cap ETF	8.2	40	-29	8.1	-0.1
IEUS	iShares MSCI Europe Small-Cap ETF	8.2	42	-31	7.8	-0.3
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	8.1	65	-54	13.4	+5.3
IMOM	Alpha Architect International Quantitative Momentum ETF	8.0	49	-38	5.4	-2.7
KXI	iShares Global Consumer Staples ETF	7.9	41	-30	5.6	-2.5
FDD	First Trust Stoxx European Select Dividend Index Fund	7.8	58	-47	13.8	+5.6
AGQI	First Trust Active Global Quality Income ETF	7.8	85	-74	7.3	-0.9
RXI	iShares Global Consumer Discretionary ETF	7.7	41	-30	10.2	+2.1
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	7.7	49	-38	8.0	-0.1
GLBL	Pacer MSCI World Industry Advantage ETF	7.5	65	-54	5.6	-2.5
HART	IQ Healthy Hearts ETF	7.2	45	-34	7.1	-1.0
EFAS	Global X MSCI SuperDividend EAFE ETF	7.1	57	-46	9.2	+1.1
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	7.0	7	4	7.6	-0.5
GVAL	Cambria Global Value ETF	6.9	68	-57	12.2	+4.1
SCHC	Schwab International Small-Cap Equity ETF	6.8	11	0	7.7	-0.4
MOTI	VanEck Morningstar International Moat ETF	6.7	58	-47	13.7	+5.6
GCOW	Pacer Global Cash Cows Dividend ETF	6.6	60	-49	11.8	+3.7
FGD	First Trust Dow Jones Global Select Dividend Index Fund	6.6	56	-45	13.6	+5.5
ISCF	iShares International SmallCap Equity Factor ETF	6.6	23	-12	9.4	+1.3
COPY	Tweedy, Browne Insider + Value ETF	6.6	80	-69	14.0	+5.9
BINV	Brandes International ETF	6.4	70	-59	10.3	+2.2
WLDR	Affinity World Leaders Equity ETF	6.1	67	-56	9.1	+1.0
XT	iShares Exponential Technologies ETF	6.1	46	-35	6.2	-1.9
OCEN	IQ Clean Oceans ETF	6.1	45	-34	6.3	-1.9
KNO	AXS Knowledge Leaders ETF	6.0	78	-67	6.8	-1.4
GINN	Goldman Sachs Innovate Equity ETF	6.0	52	-41	5.0	-3.2
EWN	iShares MSCI Netherlands ETF	5.9	50	-39	6.4	-1.7
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	5.9	58	-47	6.1	-2.0
RGEF	Rockefeller Global Equity ETF	5.9	55	-44	5.9	-2.2
WBAT	WisdomTree Battery Value Chain and Innovation Fund	5.9	45	-34	0.0	-8.1
CLNR	IQ Cleaner Transport ETF	5.7	45	-34	8.1	-0.0
RAYD	Rayliant Quantitative Developed Market Equity ETF	5.7	80	-69	5.3	-2.8
IXN	iShares Global Tech ETF	5.6	41	-30	5.2	-2.9
TEMP	JPMorgan Climate Change Solutions ETF	5.6	49	-38	6.5	-1.7
CRTC	Xtrackers US National Critical Technologies ETF	5.4	35	-24	6.0	-2.2
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	5.4	46	-35	11.7	+3.5
HRTS	Tema GLP-1 Obesity & Cardiometabolic ETF	5.3	75	-64	1.0	-7.1
IDNA	iShares Genomics Immunology and Healthcare ETF	5.2	47	-36	-2.2	-10.4
OAIM	OneAscent International Equity ETF	5.2	95	-84	6.8	-1.3
SDG	iShares MSCI Global Sustainable Development Goals ETF	5.0	49	-38	6.4	-1.8
GNR	SPDR S&P Global Natural Resources ETF	4.9	40	-29	12.9	+4.8
FDTX	Fidelity Disruptive Technology ETF	4.9	50	-39	3.6	-4.6
DISV	Dimensional International Small Cap Value ETF	4.8	42	-31	10.7	+2.6
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	4.6	47	-36	6.0	-2.2
PCGG	Polen Capital Global Growth ETF	4.5	85	-74	4.3	-3.9
EWD	iShares MSCI Sweden ETF	4.4	54	-43	6.3	-1.9
MXI	iShares Global Materials ETF	4.4	41	-30	9.0	+0.8
LUX	Tema Luxury ETF	4.2	75	-64	2.9	-5.2
EWI	iShares MSCI Italy ETF	4.2	50	-39	11.2	+3.1
EWP	iShares MSCI Spain ETF	4.0	50	-39	8.5	+0.4
FID	First Trust S&P International Dividend Aristocrats ETF	4.0	60	-49	9.5	+1.4
ACWV	iShares MSCI Global Min Vol Factor ETF	4.0	20	-9	8.0	-0.2
SAGP	Strategas Global Policy Opportunities ETF	4.0	65	-54	5.8	-2.4
GDOC	Goldman Sachs Future Health Care Equity ETF	4.0	75	-64	3.0	-5.2
FILL	iShares MSCI Global Energy Producers ETF	3.9	39	-28	13.3	+5.2
NATO	Themes Transatlantic Defense ETF	3.8	35	-24	3.6	-4.6
IXC	iShares Global Energy ETF	3.8	44	-33	11.5	+3.4
WDIV	SPDR S&P Global Dividend ETF	3.8	40	-29	10.2	+2.1
SHPP	Pacer Industrials and Logistics ETF	3.8	60	-49	5.7	-2.4
IVAL	Alpha Architect International Quantitative Value ETF	3.8	49	-38	11.7	+3.5
GSFP	Goldman Sachs Future Planet Equity ETF	3.6	75	-64	5.3	-2.9
FINE	Themes European Luxury ETF	3.6	35	-24	0.6	-7.6
EDEN	iShares MSCI Denmark ETF	3.6	53	-42	7.6	-0.5
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	3.5	58	-47	10.0	+1.8
CANC	Tema Oncology ETF	3.4	75	-64	-2.1	-10.3
BLLD	JPMorgan Sustainable Infrastructure ETF	3.3	49	-38	4.8	-3.3
FPXE	First Trust IPOX Europe Equity Opportunities ETF	3.3	70	-59	5.1	-3.0
JXI	iShares Global Utilities ETF	3.2	43	-32	6.3	-1.9
FPAG	FPA Global Equity ETF	3.2	49	-38	7.1	-1.1
AGNG	Global X Aging Population ETF	3.1	50	-39	4.5	-3.7
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	3.1	61	-50	1.6	-6.5
CLOD	Themes Cloud Computing ETF	3.0	35	-24	2.4	-5.7
CCNR	ALPS CoreCommodity Natural Resources ETF	3.0	39	-28	12.6	+4.5
AVDV	Avantis International Small Cap Value ETF	2.9	36	-25	12.2	+4.0
MOTO	SmartETFs Smart Transportation & Technology ETF	2.9	68	-57	9.0	+0.8
IBOT	Vaneck Robotics ETF	2.9	47	-36	5.4	-2.8
ROBO	ROBO Global Robotics & Automation Index ETF	2.8	95	-84	4.7	-3.5
IXP	iShares Global Comm Services ETF	2.8	42	-31	7.3	-0.8
IQRA	IQ CBRE Real Assets ETF	2.7	65	-54	2.9	-5.3
NXTG	First Trust Indxx NextG ETF	2.7	70	-59	6.5	-1.7
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	2.6	65	-54	4.1	-4.1
CARZ	First Trust NASDAQ Global Auto Index Fund	2.6	70	-59	7.0	-1.2
PRNT	3D Printing ETF	2.6	66	-55	1.8	-6.3
SOLR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	2.6	79	-68	6.5	-1.6
LOUP	Innovator Deepwater Frontier Tech ETF	2.5	70	-59	2.2	-5.9
AIQ	Global X Artificial Intelligence & Technology ETF	2.5	68	-57	5.4	-2.7
DTEC	ALPS Disruptive Technologies ETF	2.4	50	-39	4.6	-3.5
EWUS	iShares MSCI United Kingdom Small Cap ETF	2.4	59	-48	8.1	0.0
VOLT	Tema Electrification ETF	2.4	75	-64	3.7	-4.5
IBAT	iShares Energy Storage & Materials ETF	2.4	47	-36	5.9	-2.3
KNCT	Invesco Next Gen Connectivity ETF	2.4	40	-29	5.7	-2.4
HAP	VanEck Natural Resources ETF	2.4	50	-39	11.3	+3.2
IPAV	Global X Infrastructure Development ex-U.S. ETF	2.3	55	-44	4.9	-3.2
DLS	WisdomTree International SmallCap Dividend Fund	2.3	58	-47	9.7	+1.6
FAN	First Trust Global Wind Energy ETF	2.2	60	-49	5.7	-2.5
NETZ	TCW Transform Systems ETF	2.2	75	-64	4.0	-4.1
GII	SPDR S&P Global Infrastructure ETF	2.2	40	-29	5.2	-2.9
IGF	iShares Global Infrastructure ETF	2.2	41	-30	5.2	-2.9
TOLL	Tema Monopolies and Oligopolies ETF	2.2	75	-64	4.3	-3.9
TINY	ProShares Nanotechnology ETF	2.2	58	-47	6.8	-1.3
QTUM	Defiance Quantum ETF	2.2	40	-29	8.9	+0.8
IVES	Wedbush ETFMG Global Cloud Technology ETF	2.1	68	-57	9.9	+1.8
AIVC	Amplify Bloomberg AI Value Chain ETF	2.1	59	-48	10.2	+2.1
OGIG	ALPS O'Shares Global Internet Giants ETF	2.1	48	-37	2.2	-5.9
GWX	SPDR S&P International Small Cap ETF	2.1	40	-29	7.3	-0.8
BULD	Pacer BlueStar Engineering the Future ETF	2.1	60	-49	2.4	-5.8
SNSR	Global X Internet of Things ETF	2.1	68	-57	6.0	-2.2
WDNA	WisdomTree BioRevolution Fund	2.1	45	-34	0.0	-8.1
THNR	Amplify Weight Loss Drug & Treatment ETF	2.0	59	-48	6.4	-1.8
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	2.0	46	-35	5.2	-2.9
NBCC	Neuberger Berman Next Generation Connected Consumer ETF	2.0	56	-45	2.9	-5.3
FBOT	Fidelity Disruptive Automation ETF	2.0	50	-39	4.6	-3.6
PAWZ	ProShares Pet Care ETF	2.0	50	-39	4.2	-4.0
RSHO	Tema American Reshoring ETF	1.9	75	-64	6.2	-1.9
DFE	WisdomTree Europe SmallCap Dividend Fund	1.9	58	-47	9.2	+1.1
OZEM	Roundhill GLP-1 & Weight Loss ETF	1.9	59	-48	1.3	-6.9
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.8	59	-48	6.6	-1.5
RNWZ	TrueShares Eagle Global Renewable Energy Income ETF	1.8	75	-64	7.6	-0.5
PICK	iShares MSCI Global Metals & Mining Producers ETF	1.8	39	-28	16.4	+8.2
SMOG	VanEck Low Carbon Energy ETF	1.7	61	-50	1.7	-6.5
ISHP	First Trust Nasdaq Retail ETF	1.6	60	-49	6.3	-1.9
SHLD	Global X Defense Tech ETF	1.6	50	-39	4.2	-4.0
EWK	iShares MSCI Belgium ETF	1.6	50	-39	4.8	-3.3
GSIB	Themes Global Systemically Important Banks ETF	1.5	35	-24	14.1	+6.0
FPXI	First Trust International Equity Opportunities ETF	1.5	70	-59	4.3	-3.9
BWEB	Bitwise Web3 ETF	1.5	85	-74	0.3	-7.9
VNQI	Vanguard Global ex-U.S. Real Estate ETF	1.4	12	-1	8.0	-0.1
IVEG	iShares Emergent Food and AgTech Multisector ETF	1.4	47	-36	9.3	+1.2
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	1.4	10	1	7.9	-0.3
IFGL	iShares International Developed Real Estate ETF	1.4	48	-37	6.6	-1.6
ERET	iShares Environmentally Aware Real Estate ETF	1.4	30	-19	3.3	-4.8
FDFF	Fidelity Disruptive Finance ETF	1.3	50	-39	4.8	-3.4
INFL	Horizon Kinetics Inflation Beneficiaries ETF	1.3	85	-74	4.5	-3.6
JETS	U.S. Global Jets ETF	1.3	60	-49	4.9	-3.2
KROP	Global X AgTech & Food Innovation ETF	1.3	50	-39	7.9	-0.3
EFNL	iShares MSCI Finland ETF	1.3	56	-45	8.1	-0.1
TMFG	Motley Fool Global Opportunities ETF	1.3	85	-74	3.9	-4.2
ICLN	iShares Global Clean Energy ETF	1.3	41	-30	6.6	-1.5
BMED	Future Health ETF	1.3	85	-74	2.7	-5.4
FDNI	First Trust Dow Jones International Internet ETF	1.2	65	-54	21.9	+13.8
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	1.2	33	-22	11.6	+3.4
MDEV	First Trust Indxx Medical Devices ETF	1.2	70	-59	1.3	-6.8
ENOR	iShares MSCI Norway ETF	1.2	53	-42	11.6	+3.5
NORW	Global X MSCI Norway ETF	1.2	50	-39	11.6	+3.4
ARKX	ARK Space Exploration & Innovation ETF	1.2	75	-64	-0.3	-8.4
CGGR	Capital Group Growth ETF	1.2	39	-28	4.2	-3.9
PBD	Invesco Global Clean Energy ETF	1.1	75	-64	0.5	-7.6
UFO	Procure Space ETF	1.1	75	-64	-0.5	-8.6
FRNW	Fidelity Clean Energy ETF	1.1	39	-28	4.5	-3.6
DINT	Davis Select International ETF	1.0	55	-44	9.3	+1.2
BCDF	Horizon Kinetics Blockchain Development ETF	1.0	85	-74	4.8	-3.3
ANEW	ProShares MSCI Transformational Changes ETF	1.0	45	-34	7.8	-0.3
TEKX	SPDR Galaxy Transformative Tech Accelerators ETF	1.0	65	-54	-4.4	-12.5
IDRV	iShares Self-driving EV & Tech ETF	1.0	47	-36	2.8	-5.3
IDAT	iShares Future Cloud 5G and Tech ETF	1.0	47	-36	5.6	-2.5
IBUY	Amplify Online Retail ETF	1.0	65	-54	4.3	-3.9
RWO	SPDR Dow Jones Global Real Estate ETF	1.0	50	-39	3.1	-5.0
RWX	SPDR Dow Jones International Real Estate ETF	1.0	59	-48	6.1	-2.1
DFNL	Davis Select Financial ETF	1.0	63	-52	10.7	+2.6
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.9	68	-57	2.8	-5.4
GMET	VanEck Green Metals ETF	0.9	63	-52	12.9	+4.8
DRIV	Global X Autonomous & Electric Vehicles ETF	0.9	68	-57	7.8	-0.3
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	0.9	80	-69	13.0	+4.9
TOKE	Cambria Cannabis ETF	0.9	42	-31	1.6	-6.5
DWLD	Davis Select Worldwide ETF	0.8	63	-52	9.6	+1.5
PSP	Invesco Global Listed Private Equity ETF	0.8	106	-95	6.7	-1.4
AADR	AdvisorShares Dorsey Wright ADR ETF	0.8	110	-99	5.9	-2.2
FFND	Future Fund Active ETF	0.8	100	-89	5.3	-2.8
GINX	SGI Enhanced Global Income ETF	0.8	98	-87	8.1	-0.1
ION	ProShares S&P Global Core Battery Metals ETF	0.8	58	-47	12.9	+4.7
PIO	Invesco Global Water ETF	0.8	75	-64	5.4	-2.7
SUPL	ProShares Supply Chain Logistics ETF	0.8	58	-47	6.0	-2.1
XCNY	SPDR S&P Emerging Markets ex-China ETF	0.8	15	-4	0.0	-8.1
IQM	Franklin Intelligent Machines ETF	0.8	50	-39	3.1	-5.0
EPOL	iShares MSCI Poland ETF	0.8	59	-48	13.3	+5.2
ICOP	iShares Copper and Metals Mining ETF	0.8	47	-36	11.9	+3.8
IEMG	iShares Core MSCI Emerging Markets ETF	0.8	9	2	11.8	+3.7
FFLC	Fidelity Fundamental Large Cap Core ETF	0.8	38	-27	5.6	-2.6
APIE	ActivePassive International Equity ETF	0.8	45	-34	8.4	+0.3
CGUS	Capital Group Core Equity ETF	0.8	33	-22	5.2	-2.9
CGV	Conductor Global Equity Value ETF	0.8	130	-119	10.0	+1.9
REET	iShares Global REIT ETF	0.7	14	-3	3.6	-4.5
DFGR	Dimensional Global Real Estate ETF	0.7	22	-11	3.4	-4.7
DFAE	Dimensional Emerging Core Equity Market ETF	0.7	35	-24	11.0	+2.9
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.7	69	-58	3.1	-5.1
HELX	Franklin Genomic Advancements ETF	0.7	50	-39	0.1	-8.0
VGSR	Vert Global Sustainable Real Estate ETF	0.7	47	-36	3.1	-5.1
FTAG	First Trust Indxx Global Agriculture ETF	0.7	70	-59	8.9	+0.8
AVEM	Avantis Emerging Markets Equity ETF	0.7	33	-22	10.5	+2.3
CGW	Invesco S&P Global Water Index ETF	0.7	57	-46	5.1	-3.0
ERTH	Invesco MSCI Sustainable Future ETF	0.7	62	-51	2.7	-5.4
IGPT	Invesco AI and Next Gen Software ETF	0.6	60	-49	5.7	-2.4
JHEM	John Hancock Multifactor Emerging Markets ETF	0.6	49	-38	11.4	+3.3
BPAY	BlackRock Future Financial and Technology ETF	0.6	70	-59	8.7	+0.6
SPEM	SPDR Portfolio Emerging Markets ETF	0.6	7	4	11.8	+3.7
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.6	75	-64	9.4	+1.3
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	0.6	38	-27	10.7	+2.6
CGDV	Capital Group Dividend Value ETF	0.6	33	-22	5.5	-2.7
AVRE	Avantis Real Estate ETF	0.6	17	-6	3.5	-4.6
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	0.6	66	-55	11.0	+2.9
EEM	iShares MSCI Emerging Markets ETF	0.6	69	-58	11.7	+3.5
EMXC	iShares MSCI Emerging Markets ex China ETF	0.6	25	-14	8.6	+0.5
EV	Mast Global Battery Recycling & Production ETF	0.6	65	-54	13.0	+4.9
RNEM	First Trust Emerging Markets Equity Select ETF	0.6	75	-64	1.0	-7.1
FDRR	Fidelity Dividend ETF for Rising Rates	0.6	15	-4	8.4	+0.3
COPX	Global X Copper Miners ETF	0.6	65	-54	10.8	+2.6
ODDS	Pacer BlueStar Digital Entertainment ETF	0.6	60	-49	5.5	-2.7
FMED	Fidelity Disruptive Medicine ETF	0.6	50	-39	-1.2	-9.3
GGME	Invesco Next Gen Media and Gaming ETF	0.5	60	-49	5.7	-2.4
COPA	Themes Copper Miners ETF	0.5	35	-24	10.9	+2.7
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.5	39	-28	-1.2	-9.4
BUYZ	Franklin Disruptive Commerce ETF	0.5	50	-39	3.0	-5.2
EBLU	Ecofin Global Water ESG Fund	0.5	40	-29	4.7	-3.4
EWO	iShares MSCI Austria ETF	0.5	50	-39	13.2	+5.1
FINX	Global X FinTech ETF	0.5	68	-57	3.1	-5.0
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Free ETF	0.5	30	-19	11.5	+3.4
FTHF	First Trust Emerging Markets Human Flourishing ETF	0.5	75	-64	10.8	+2.6
RVRB	Reverb ETF	0.5	30	-19	2.9	-5.2
EIRL	iShares MSCI Ireland ETF	0.5	50	-39	9.2	+1.0
EATV	VegTech Plant-based Innovation & Climate ETF	0.5	75	-64	5.8	-2.4
DIVZ	TrueShares Low Volatility Equity Income ETF	0.5	65	-54	7.1	-1.1
DSTL	Distillate US Fundamental Stability & Value ETF	0.5	39	-28	9.2	+1.0
FBCV	Fidelity Blue Chip Value ETF	0.5	59	-48	8.9	+0.8
FLV	American Century Focused Large Cap Value ETF	0.5	42	-31	7.6	-0.6
FMAT	Fidelity MSCI Materials Index ETF	0.5	8	3	7.2	-0.9
GVIP	Goldman Sachs Hedge Industry VIP ETF	0.5	45	-34	3.5	-4.6
MAGA	Point Bridge America First ETF	0.5	72	-61	8.6	+0.4
PAVE	Global X U.S. Infrastructure Development ETF	0.5	47	-36	7.1	-1.0
PKB	Invesco Building & Construction ETF	0.5	62	-51	5.9	-2.3
RECS	Columbia Research Enhanced Core ETF	0.5	15	-4	6.9	-1.2
REVS	Columbia Research Enhanced Value ETF	0.5	19	-8	8.5	+0.4
FELC	Fidelity Enhanced Large Cap Core ETF	0.5	18	-7	6.4	-1.8
FELV	Fidelity Enhanced Large Cap Value ETF	0.5	18	-7	8.0	-0.2
FMDE	Fidelity Enhanced Mid Cap ETF	0.5	23	-12	6.6	-1.6
BDIV	AAM Brentview Dividend Growth ETF	0.5	49	-38	4.8	-3.4
HWAY	Themes US Infrastructure ETF	0.5	29	-18	4.8	-3.3
KEMX	KraneShares MSCI Emerging Markets EX China Index ETF	0.5	24	-13	9.0	+0.9
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.5	41	-30	10.1	+2.0
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	0.5	75	-64	5.3	-2.9
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	0.5	45	-34	11.9	+3.8
ETEC	iShares Breakthrough Environmental Solutions ETF	0.5	47	-36	6.5	-1.7
PTL	Inspire 500 ETF	0.5	9	2	6.1	-2.0
EMXF	iShares ESG Advanced MSCI EM ETF	0.5	16	-5	9.1	+0.9
TRFK	Pacer Data and Digital Revolution ETF	0.5	60	-49	4.6	-3.5
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	0.5	30	-19	10.0	+1.9
TINT	ProShares Smart Materials ETF	0.5	58	-47	3.6	-4.6
FDHT	Fidelity Digital Health ETF	0.5	39	-28	2.2	-6.0
ROAM	Hartford Multifactor Emerging Markets ETF	0.4	44	-33	12.2	+4.0
DGRE	WisdomTree Emerging Markets Quality Dividend Growth Fund	0.4	32	-21	7.6	-0.6
DMAT	Global X Disruptive Materials ETF	0.4	59	-48	10.7	+2.5
IWTR	iShares MSCI Water Management Multisector ETF	0.4	47	-36	7.1	-1.0
TOGA	Tremblant Global ETF	0.4	69	-58	2.9	-5.3
CUT	Invesco MSCI Global Timber ETF	0.4	61	-50	9.9	+1.8
MOO	VanEck Agribusiness ETF	0.4	53	-42	11.8	+3.7
STXE	Strive Emerging Markets Ex-China ETF	0.4	32	-21	8.8	+0.6
XC	WisdomTree Emerging Markets Ex-China Fund	0.4	32	-21	6.0	-2.1
FLQL	Franklin LibertyQ U.S. Equity ETF	0.4	15	-4	6.9	-1.2
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	0.4	32	-21	10.5	+2.3
VFMF	Vanguard U.S. Multifactor ETF	0.4	18	-7	9.6	+1.5
PEX	ProShares Global Listed Private Equity ETF	0.4	81	-70	11.1	+2.9
EFRA	iShares Environmental Infrastructure and Industrials ETF	0.4	47	-36	4.7	-3.4
ARKF	ARK Fintech Innovation ETF	0.4	75	-64	-0.2	-8.3
LDEM	iShares ESG MSCI EM Leaders ETF	0.4	17	-6	13.9	+5.7
DEM	WisdomTree Emerging Markets High Dividend Fund	0.4	63	-52	14.6	+6.4
GQRE	FlexShares Global Quality Real Estate Index Fund	0.4	45	-34	4.5	-3.7
LST	Leuthold Select Industries ETF	0.4	91	-80	6.9	-1.3
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	0.4	68	-57	3.2	-5.0
AFK	VanEck Africa Index ETF	0.3	98	-87	14.3	+6.2
AVES	Avantis Emerging Markets Value ETF	0.3	36	-25	13.1	+5.0
EMMF	WisdomTree Emerging Markets Multifactor Fund	0.3	48	-37	8.4	+0.2
VFVA	Vanguard U.S. Value Factor ETF	0.3	13	-2	13.3	+5.2
DEHP	Dimensional Emerging Markets High Profitability ETF	0.3	41	-30	7.1	-1.0
XCEM	Columbia EM Core ex-China ETF	0.3	16	-5	9.2	+1.0
RUNN	Running Oak Efficient Growth ETF	0.3	58	-47	5.4	-2.7
BKWO	BNY Mellon Women's Opportunities ETF	0.3	50	-39	4.6	-3.6
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.3	75	-64	4.1	-4.0
WOOD	iShares Global Timber & Forestry ETF	0.3	42	-31	10.4	+2.3
DEUS	Xtrackers Russell US Multifactor ETF	0.3	17	-6	8.0	-0.1
JVAL	JPMorgan U.S. Value Factor ETF	0.3	12	-1	9.7	+1.5
LRGE	ClearBridge Large Cap Growth ESG ETF	0.3	59	-48	4.5	-3.6
EEMO	Invesco S&P Emerging Markets Momentum ETF	0.3	29	-18	6.7	-1.4
BOTT	Themes Robotics & Automation ETF	0.3	35	-24	5.2	-2.9
VFMO	Vanguard U.S. Momentum Factor ETF	0.3	13	-2	3.9	-4.3
EYLD	Cambria Emerging Shareholder Yield ETF	0.3	66	-55	14.2	+6.0
EMDM	First Trust Bloomberg Emerging Market Democracies ETF	0.3	75	-64	11.3	+3.2
ARTY	iShares Future AI & Tech ETF	0.3	47	-36	4.8	-3.4
ESG	FlexShares Trust FlexShares STOXX US ESG Select Index Fund	0.3	32	-21	6.0	-2.2
DFLV	Dimensional US Large Cap Value ETF	0.3	22	-11	9.9	+1.7
CVLC	Calvert US Large-Cap Core Responsible Index ETF	0.3	15	-4	5.7	-2.5
AWAY	ETFMG Travel Tech ETF	0.3	76	-65	0.1	-8.0
FVAL	Fidelity Value Factor ETF	0.3	15	-4	8.7	+0.5
IQSU	IQ Candriam U.S. Large Cap Equity ETF	0.3	9	2	5.6	-2.6
GVUS	Marketbeta Russell 1000 Value Equity ETF	0.3	12	-1	7.5	-0.6
INDS	Pacer Industrial Real Estate ETF	0.3	55	-44	4.3	-3.8
FDVV	Fidelity High Dividend ETF	0.3	15	-4	8.3	+0.2
FDMO	Fidelity Momentum Factor ETF	0.3	15	-4	4.8	-3.4
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	0.3	10	1	5.9	-2.3
DFUV	Dimensional US Marketwide Value ETF	0.3	22	-11	9.6	+1.5
DFEV	Dimensional Emerging Markets Value ETF	0.2	43	-32	15.6	+7.5
FRDM	Freedom 100 Emerging Markets ETF	0.2	49	-38	10.0	+1.8
VEGI	iShares MSCI Agriculture Producers ETF	0.2	39	-28	9.5	+1.4
SDIV	Global X Superdividend ETF	0.2	58	-47	15.4	+7.2
AIS	VistaShares Artificial Intelligence Supercycle ETF	0.2	75	-64	5.7	-2.4
QARP	Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	0.2	19	-8	6.8	-1.4
FMET	Fidelity Metaverse ETF	0.2	39	-28	5.8	-2.4
IVRS	iShares Future Metaverse Tech and Communications ETF	0.2	47	-36	3.2	-5.0
NACP	Impact Shares NAACP Minority Empowerment ETF	0.2	49	-38	5.6	-2.5
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	0.2	29	-18	4.7	-3.4
MFEM	PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF	0.2	50	-39	12.4	+4.3
HDRO	Defiance Next Gen H2 ETF	0.2	30	-19	-10.8	-19.0
CRAK	VanEck Oil Refiners ETF	0.2	61	-50	17.6	+9.4
KEMQ	KraneShares Emerging Markets Consumer Technology Index ETF	0.2	60	-49	14.7	+6.5
WNDY	Global X Wind Energy ETF	0.2	50	-39	3.4	-4.8
PTEC	Global X PropTech ETF	0.2	50	-39	2.7	-5.4
SRVR	Pacer Data & Infrastructure Real Estate ETF	0.2	55	-44	1.2	-6.9
BETZ	Roundhill Sports Betting & iGaming ETF	0.2	75	-64	2.3	-5.8
WTRE	WisdomTree New Economy Real Estate Fund	0.2	58	-47	10.4	+2.2
STXV	Strive 1000 Value ETF	0.2	18	-7	8.8	+0.6
BJK	VanEck Gaming ETF	0.2	65	-54	4.4	-3.8
DTRE	First Trust Alerian Disruptive Technology Real Estate ETF	0.2	60	-49	2.7	-5.4
EVLU	iShares MSCI Emerging Markets Value Factor ETF	0.2	35	-24	23.4	+15.3
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	0.2	9	2	7.2	-0.9
LCTU	BlackRock U.S. Carbon Transition Readiness ETF	0.2	14	-3	6.0	-2.2
CIBR	First Trust NASDAQ Cybersecurity ETF	0.2	60	-49	4.8	-3.4
XMAG	Defiance Large Cap ex-Mag 7 ETF	0.2	35	-24	5.0	-3.1
CRUZ	Defiance Hotel Airline and Cruise ETF	0.2	45	-34	3.6	-4.5
RAFE	PIMCO RAFI ESG U.S. ETF	0.2	29	-18	8.1	-0.0
USCA	Xtrackers MSCI USA Climate Action Equity ETF	0.2	7	4	5.9	-2.3
CTEC	Global X CleanTech ETF	0.2	50	-39	2.4	-5.7
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.2	10	1	6.0	-2.2
FDCF	Fidelity Disruptive Communications ETF	0.2	50	-39	3.8	-4.4
RNRG	Global X Renewable Energy Producers ETF	0.2	66	-55	6.4	-1.7
EEMS	iShares MSCI Emerging Markets Small Cap ETF	0.2	70	-59	8.4	+0.3
NUEM	Nuveen ESG Emerging Markets Equity ETF	0.2	36	-25	8.7	+0.6
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.2	85	-74	8.0	-0.2
KLMN	Invesco MSCI North America Climate ETF	0.2	9	2	5.9	-2.2
EPS	WisdomTree U.S. LargeCap Fund	0.2	8	3	7.2	-1.0
ESGE	iShares ESG Aware MSCI EM ETF	0.2	25	-14	11.6	+3.4
BNGE	First Trust S-Network Streaming and Gaming ETF	0.1	70	-59	4.2	-4.0
DFVX	Dimensional US Large Cap Vector ETF	0.1	22	-11	7.3	-0.8
PBUS	Invesco MSCI USA ETF	0.1	4	7	6.1	-2.1
SILJ	ETFMG Prime Junior Silver Miners ETF	0.1	69	-58	3.2	-5.0
STRV	Strive 500 ETF	0.1	5	6	6.0	-2.1
ARVR	First Trust Indxx Metaverse ETF	0.1	70	-59	6.7	-1.4
AQWA	Global X Clean Water ETF	0.1	50	-39	5.3	-2.8
BBUS	JP Morgan Betabuilders U.S. Equity ETF	0.1	2	9	6.1	-2.0
BKLC	BNY Mellon US Large Cap Core Equity ETF	0.1	0	11	6.1	-2.0
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	0.1	7	4	6.0	-2.1
VOTE	TCW Transform 500 ETF	0.1	5	6	6.1	-2.1
EMQQ	EMQQ The Emerging Markets Internet & Ecommerce ETF	0.1	86	-75	15.2	+7.1
FMQQ	FMQQ The Next Frontier Internet & Ecommerce ETF	0.1	86	-75	0.5	-7.7
DFUS	Dimensional U.S. Equity ETF	0.1	9	2	6.2	-2.0
ONEQ	Fidelity Nasdaq Composite Index ETF	0.1	21	-10	4.9	-3.3
WTAI	WisdomTree Artificial Intelligence and Innovation Fund	0.1	45	-34	4.1	-4.0
AIRL	Themes Airlines ETF	0.1	35	-24	-8.5	-16.7
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.1	11	0	6.1	-2.0
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.1	39	-28	-0.5	-8.6
SYNB	Putnam BioRevolution ETF	0.1	70	-59	3.6	-4.6
NLR	VanEck Uranium+Nuclear Energy ETF	0.1	61	-50	3.8	-4.4
DGS	WisdomTree Emerging Markets SmallCap Dividend Fund	0.1	58	-47	10.8	+2.7
EMM	Global X Emerging Markets ex-China ETF	0.1	75	-64	5.5	-2.6
EMC	Global X Emerging Markets Great Consumer ETF	0.1	75	-64	9.2	+1.1
FEM	First Trust Emerging Markets AlphaDEX Fund	0.1	80	-69	14.9	+6.7
BOAT	SonicShares Global Shipping ETF	0.1	69	-58	36.6	+28.4
SDEM	Global X MSCI SuperDividend Emerging Markets ETF	0.1	67	-56	14.2	+6.1
SETM	Sprott Energy Transition Materials ETF	0.1	65	-54	5.5	-2.6
OND	ProShares On-Demand ETF	0.1	58	-47	1.7	-6.4
BLDG	Cambria Global Real Estate ETF	0.1	60	-49	4.5	-3.6
BATT	Amplify Lithium & Battery Technology ETF	0.1	59	-48	4.4	-3.7
EMGF	iShares Emerging Markets Equity Factor ETF	0.1	25	-14	13.4	+5.3
AVUS	Avantis U.S. Equity ETF	0.1	15	-4	7.5	-0.7
TILT	FlexShares Morningstar US Market Factor Tilt Index Fund	0.1	25	-14	6.8	-1.4
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	0.1	95	-84	14.2	+6.1
DFAU	Dimensional US Core Equity Market ETF	0.1	12	-1	6.4	-1.7
SFY	SoFi Select 500 ETF	0.1	0	11	5.7	-2.5
STXG	Strive 1000 Growth ETF	0.1	18	-7	4.5	-3.7
ECLN	First Trust EIP Carbon Impact ETF	0.1	96	-85	4.4	-3.8
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	0.1	29	-18	7.4	-0.8
QLVE	FlexShares Emerging Markets Quality Low Volatility Index Fun	0.1	40	-29	5.9	-2.3
IBLC	iShares Blockchain and Tech ETF	0.1	47	-36	-4.6	-12.7
TAX	Cambria Tax Aware ETF	0.1	49	-38	8.9	+0.8
DCOR	Dimensional US Core Equity 1 ETF	0.1	14	-3	6.6	-1.5
PRAY	FIS Christian Stock Fund	0.1	69	-58	6.1	-2.1
RITA	ETFB Green SRI REITs ETF	0.1	50	-39	2.7	-5.5
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.1	70	-59	9.6	+1.5
AGMI	Themes Silver Miners ETF	0.1	35	-24	3.6	-4.5
FBCG	Fidelity Blue Chip Growth ETF	0.1	59	-48	4.1	-4.1
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	0.1	9	2	6.6	-1.6
HDUS	Hartford Disciplined US Equity ETF	0.1	19	-8	7.0	-1.1
URAN	Themes Uranium & Nuclear ETF	0.1	35	-24	3.0	-5.2
EWX	SPDR S&P Emerging Markets Small Cap ETF	0.1	65	-54	8.7	+0.5
DFAC	Dimensional U.S. Core Equity 2 ETF	0.1	17	-6	7.0	-1.1
EQAL	Invesco Russell 1000 Equal Weight ETF	0.1	20	-9	7.8	-0.3
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.0	79	-68	8.2	+0.1
RAYE	Rayliant Quantamental Emerging Market ex-China Equity ETF	0.0	88	-77	11.1	+3.0
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	0.0	80	-69	14.9	+6.7
NERD	Roundhill Video Games ETF	0.0	50	-39	4.3	-3.9
ESPO	VanEck Video Gaming and eSports ETF	0.0	56	-45	5.3	-2.8
HERO	Global X Video Games & Esports ETF	0.0	50	-39	5.0	-3.1
TAN	Invesco Solar ETF	0.0	67	-56	9.3	+1.2
SRET	Global X SuperDividend REIT ETF	0.0	59	-48	8.7	+0.6
STCE	Schwab Crypto Thematic ETF	0.0	30	-19	2.1	-6.1
HYDR	Global X Hydrogen ETF	0.0	50	-39	-9.1	-17.3
IHAK	iShares Cybersecurity & Tech ETF	0.0	47	-36	4.2	-4.0
ISRA	VanEck Israel ETF	0.0	59	-48	8.5	+0.3
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	0.0	72	-61	-1.2	-9.4
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.0	61	-50	18.5	+10.4
GDXJ	VanEck Junior Gold Miners ETF	0.0	52	-41	5.5	-2.7
SIL	Global X Silver Miners ETF	0.0	65	-54	3.9	-4.2
LIMI	Themes Lithium & Battery Metal Miners ETF	0.0	35	-24	0.0	-8.1
SOCL	Global X Social Media ETF	0.0	65	-54	14.4	+6.2
IPOS	Renaissance International IPO ETF	0.0	80	-69	2.8	-5.4
ITEQ	BlueStar Israel Technology ETF	0.0	75	-64	2.4	-5.7
DVYE	iShares Emerging Markets Dividend ETF	0.0	49	-38	20.4	+12.3
EDIV	SPDR S&P Emerging Markets Dividend ETF	0.0	49	-38	12.2	+4.1
FDEM	Fidelity Emerging Markets Multifactor ETF	0.0	25	-14	14.3	+6.2
UEVM	VictoryShares Emerging Markets Value Momentum ETF	0.0	45	-34	11.9	+3.8
INQQ	India Internet & Ecommerce ETF	0.0	86	-75	1.2	-6.9
SPAM	Themes Cybersecurity ETF	0.0	35	-24	1.9	-6.2
GSSC	Goldman Sachs Activebeta U.S. Small Cap Equity ETF	0.0	20	-9	6.2	-2.0
SATO	Invesco Alerian Galaxy Crypto Economy ETF	0.0	61	-50	-1.1	-9.3
ARB	AltShares Merger Arbitrage ETF	0.0	77	-66	4.1	-4.1
IPAC	iShares Core MSCI Pacific ETF	0.0	9	2	7.9	-0.3
RSSL	Global X Russell 2000 ETF	0.0	8	3	4.1	-4.1
LIT	Global X Lithium & Battery Tech ETF	0.0	75	-64	6.7	-1.5
RAYS	Global X Solar ETF	0.0	51	-40	6.7	-1.5
REMX	VanEck Rare Earth/Strategic Metals ETF	0.0	54	-43	6.4	-1.8
DEEP	Roundhill Acquirers Deep Value ETF	0.0	80	-69	22.2	+14.0
EPU	iShares MSCI Peru and Global Exposure ETF	0.0	59	-48	8.7	+0.6
FLQS	Franklin U.S. Small Cap Multifactor Index ETF	0.0	35	-24	7.6	-0.5
GOEX	Global X Gold Explorers ETF	0.0	65	-54	5.1	-3.1
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	0.0	39	-28	6.1	-2.1
RING	iShares MSCI Global Gold Miners ETF	0.0	39	-28	6.4	-1.7
SGDJ	Sprott Junior Gold Miners ETF	0.0	50	-39	6.1	-2.0
SLVP	iShares MSCI Global Silver Miners ETF	0.0	39	-28	6.8	-1.4
BSVO	EA Bridgeway Omni Small-Cap Value ETF	0.0	47	-36	11.1	+3.0
DIV	Global X SuperDividend US ETF	0.0	45	-34	11.1	+2.9
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	0.0	29	-18	8.3	+0.1
NDIV	Amplify Natural Resources Dividend Income ETF	0.0	59	-48	11.8	+3.7
NIKL	Sprott Nickel Miners ETF	0.0	75	-64	17.3	+9.2
SMCF	Themes US Small Cap Cash Flow Champions ETF	0.0	29	-18	13.8	+5.6
BITQ	Bitwise Crypto Industry Innovators ETF	0.0	85	-74	-3.1	-11.2
BKCH	Global X Blockchain ETF	0.0	50	-39	-4.9	-13.1
DAPP	VanEck Digital Transformation ETF	0.0	50	-39	-6.0	-14.2
IBRN	iShares Neuroscience and Healthcare ETF	0.0	47	-36	-2.7	-10.8
DFAS	Dimensional U.S. Small Cap ETF	0.0	26	-15	7.8	-0.3
DFAT	Dimensional U.S. Targeted Value ETF	0.0	28	-17	11.4	+3.3
UAE	iShares MSCI UAE ETF	0.0	59	-48	9.9	+1.7
DFSV	Dimensional US Small Cap Value ETF	0.0	31	-20	12.5	+4.3

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%.

	2020	2021	2022	2023	2024	2025E	2026E
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		**%	**%	**%	**%	**%	**%

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

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

Forward multiple:	Vanguard FTSE Europe ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

	Custom date range	Compare to
	thru

Revision activity*

*Six months ago = 100