Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.4x P/Sales
ratio		 2.6x
P/BV
ratio		 0.9x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Global ex-U.S. Real Estate ETF seeks to track the S&P Global ex-US Property Index, which includes real estate companies in both developed and emerging markets.

FUND BASICS
Category Global Equities
Fund Sponsor Vanguard Group
Website www.vanguard.com
Inception date Nov 01, 2010
Assets (mns) $3,342
Currency USD
Expense ratio 12 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 717
Wgt avg mkt cap (mns) $10,294
Large cap (>$10bn) 33.0%
Mid cap ($2-10bn) 44.9%
Small cap (<$2bn) 21.9%
Developed mkts 81.1%
Emerging mkts 18.9%

TOP TEN HOLDINGS
GOODMAN GROUP 3.7 %
MITSUI FUDOSAN CO LTD 3.1 %
MITSUBISHI ESTATE CO LTD 2.8 %
DEUTSCHE ANNINGTON IMMOBILIE 2.4 %
SUMITOMO REALTY & DEVELOPMNT 2.2 %
EMAAR PROPERTIES PJSC 2.1 %
DAIWA HOUSE INDUSTRY CO LTD 1.9 %
SUN HUNG KAI PROPERTIES 1.8 %
SCENTRE GROUP 1.3 %
SEGRO PLC 1.2 %
Total 22.4 %

TOP COUNTRY EXPOSURE
JAPAN 22.6 %
AUSTRALIA 10.5 %
HONG KONG 9.1 %
BRITAIN 5.5 %
SINGAPORE 5.3 %
GERMANY 3.4 %
UAE 3.3 %
SWITZERLAND 2.8 %
SWEDEN 2.7 %
INDIA 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.9% 10.2% 0.3% 2.6% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.38 28%
MSCI EAFE 0.67 63%
MSCI Emg. Mkts. 0.51 41%

Technical Indicators
Recent close $47.24
30d moving avg. $47.50
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 185
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 366 potential alternatives to the Vanguard Global ex-U.S. Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with VNQI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VNQI Expense: 12 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VNQI
Ticker Fund
Name		 Overlap1
vs VNQI
(%)		 Expense
ratio
(bp)		 Savings
vs VNQI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VNQI
(%)
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 71.6 10 2 6.7 -1.5
IFGL iShares International Developed Real Estate ETF 62.4 48 -36 7.0 -1.2
RWX SPDR Dow Jones International Real Estate ETF 39.7 59 -47 6.9 -1.3
ERET iShares Environmentally Aware Real Estate ETF 36.5 30 -18 7.3 -0.9
VGSR Vert Global Sustainable Real Estate ETF 29.5 47 -35 7.7 -0.5
RWO SPDR Dow Jones Global Real Estate ETF 27.3 50 -38 7.0 -1.2
AVRE Avantis Real Estate ETF 25.8 17 -5 7.4 -0.8
REET iShares Global REIT ETF 25.0 14 -2 7.7 -0.5
DFGR Dimensional Global Real Estate ETF 24.2 22 -10 7.8 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 22.5 45 -33 7.9 -0.3
IQRA IQ CBRE Real Assets ETF 11.9 65 -53 5.7 -2.5
IDLV Invesco S&P International Developed Low Volatility ETF 11.7 25 -13 6.5 -1.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 9.6 19 -7 5.5 -2.7
SCZ iShares MSCI EAFE Small-Cap ETF 9.6 40 -28 6.8 -1.4
DIM WisdomTree International MidCap Dividend Fund 9.2 58 -46 7.2 -1.0
SCJ iShares MSCI Japan Small-Cap ETF 9.1 50 -38 6.4 -1.8
DWX SPDR S&P International Dividend ETF 9.0 45 -33 7.2 -1.0
ERTH Invesco MSCI Sustainable Future ETF 8.3 62 -50 3.4 -4.8
JPIN J.P. Morgan Diversified Return International Equity ETF 8.3 37 -25 7.8 -0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.1 49 -37 6.8 -1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.0 80 -68 5.9 -2.3
IEUS iShares MSCI Europe Small-Cap ETF 7.6 42 -30 7.3 -0.9
EPP iShares MSCI Pacific ex-Japan ETF 7.6 47 -35 5.2 -3.0
FLAU Franklin FTSE Australia ETF 7.5 9 3 6.3 -1.9
FLHK Franklin FTSE Hong Kong ETF 7.2 9 3 4.3 -3.9
SCHC Schwab International Small-Cap Equity ETF 6.8 11 1 7.3 -0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.7 8 4 7.1 -1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.7 12 0 5.7 -2.5
FNDC Schwab Fundamental International Small Co. Index ETF 6.5 39 -27 5.7 -2.5
EWH iShares MSCI Hong Kong ETF 6.2 50 -38 5.1 -3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 5.6 49 -37 5.1 -3.1
GWX SPDR S&P International Small Cap ETF 5.6 40 -28 6.5 -1.7
EWA iShares MSCI Australia ETF 5.5 50 -38 5.8 -2.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.5 60 -48 5.6 -2.6
IPAC iShares Core MSCI Pacific ETF 5.5 9 3 6.0 -2.2
INDS Pacer Industrial Real Estate ETF 5.5 55 -43 6.6 -1.6
ISCF iShares International SmallCap Equity Factor ETF 4.9 23 -11 8.1 -0.1
DVYA iShares Asia/Pacific Dividend ETF 4.8 49 -37 7.3 -0.9
SPRE SP Funds S&P Global REIT Sharia ETF 4.8 55 -43 6.2 -2.0
DTH WisdomTree International High Dividend Fund 4.8 58 -46 8.0 -0.2
GVAL Cambria Global Value ETF 4.8 68 -56 10.5 +2.3
RCGE RockCreek Global Equality ETF 4.7 95 -83 6.6 -1.6
VPL Vanguard FTSE Pacific ETF 4.7 7 5 6.3 -1.9
SRET Global X SuperDividend REIT ETF 4.7 59 -47 12.3 +4.1
AIVI WisdomTree International AI Enhanced Value Fund 4.5 58 -46 6.7 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 4.4 60 -48 7.7 -0.5
WDIV SPDR S&P Global Dividend ETF 4.4 40 -28 8.9 +0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.3 58 -46 8.4 +0.2
FLJP Franklin FTSE Japan ETF 3.9 9 3 5.7 -2.5
BLDG Cambria Global Real Estate ETF 3.9 60 -48 11.4 +3.2
FLJH Franklin FTSE Japan Hedged ETF 3.9 9 3 5.7 -2.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.8 80 -68 9.3 +1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 3.8 65 -53 7.8 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 3.7 59 -47 7.7 -0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 3.7 12 0 5.4 -2.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.6 70 -58 7.5 -0.7
FEP First Trust Europe AlphaDEX Fund 3.6 80 -68 7.9 -0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.5 78 -66 9.0 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.5 39 -27 7.5 -0.7
RITA ETFB Green SRI REITs ETF 3.5 50 -38 5.8 -2.4
INEQ Columbia International Equity Income ETF 3.4 45 -33 7.6 -0.6
DWM WisdomTree International Equity Fund 3.3 48 -36 6.9 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.3 40 -28 7.0 -1.2
UAE iShares MSCI UAE ETF 3.3 59 -47 0.0 -8.2
UIVM VictoryShares International Value Momentum ETF 3.3 35 -23 8.4 +0.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 -38 5.8 -2.4
JIVE JPMorgan International Value ETF 3.2 55 -43 10.7 +2.5
BBJP JPMorgan BetaBuilders Japan ETF 3.1 19 -7 6.0 -2.2
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 -46 7.9 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.1 59 -47 8.4 +0.2
VSGX Vanguard ESG International Stock ETF 3.1 10 2 7.5 -0.7
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -37 5.9 -2.3
INTF iShares International Equity Factor ETF 3.0 15 -3 7.3 -0.9
IEFA iShares Core MSCI EAFE ETF 3.0 7 5 6.7 -1.5
EWJV iShares MSCI Japan Value ETF 3.0 15 -3 7.8 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.9 12 0 4.9 -3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.9 20 -8 6.6 -1.6
WWJD Inspire International ETF 2.9 80 -68 7.1 -1.1
IQSI IQ Candriam International Equity ETF 2.8 15 -3 6.2 -2.0
JPXN iShares JPX-Nikkei 400 ETF 2.8 48 -36 6.1 -2.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.8 24 -12 7.1 -1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.8 22 -10 5.9 -2.3
FKU First Trust United Kingdom AlphaDEX Fund 2.8 80 -68 7.6 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 2.8 4 8 6.6 -1.6
FDEV Fidelity International Multifactor ETF 2.8 18 -6 7.4 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 -46 9.4 +1.3
EFV iShares MSCI EAFE Value ETF 2.7 34 -22 8.5 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 2.7 57 -45 8.4 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.6 47 -35 5.6 -2.6
DFIS Dimensional International Small Cap ETF 2.6 39 -27 7.0 -1.2
VEA Vanguard FTSE Developed Markets ETF 2.6 3 9 6.8 -1.4
DFEV Dimensional Emerging Markets Value ETF 2.6 43 -31 11.7 +3.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 -17 7.4 -0.8
FEUZ First Trust Eurozone AlphaDEX ETF 2.6 80 -68 7.5 -0.7
DISV Dimensional International Small Cap Value ETF 2.5 42 -30 8.9 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.5 39 -27 6.4 -1.8
AVDS Avantis International Small Cap Equity ETF 2.5 30 -18 6.6 -1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.5 32 -20 5.9 -2.3
SPDW SPDR Portfolio Developed World ex-US ETF 2.5 3 9 6.6 -1.6
IXUS iShares Core MSCI Total International Stock ETF 2.4 7 5 7.5 -0.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.4 80 -68 8.4 +0.2
VXUS Vanguard Total International Stock ETF 2.4 5 7 7.6 -0.6
EWJ iShares MSCI Japan ETF 2.4 50 -38 5.5 -2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.4 14 -2 5.9 -2.3
JHID John Hancock International High Dividend ETF 2.4 46 -34 9.2 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 -7 8.4 +0.2
FIDI Fidelity International High Dividend ETF 2.3 18 -6 8.0 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 2.3 20 -8 6.5 -1.7
AVSD Avantis Responsible International Equity ETF 2.3 23 -11 5.1 -3.1
EIS iShares MSCI Israel ETF 2.2 58 -46 7.6 -0.6
VWID Virtus WMC International Dividend ETF 2.2 49 -37 8.0 -0.2
SCHF Schwab International Equity ETF 2.1 6 6 6.8 -1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 -3 7.2 -1.0
BKIE BNY Mellon International Equity ETF 2.1 4 8 6.6 -1.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.1 41 -29 8.1 -0.1
FIVA Fidelity International Value Factor ETF 2.1 18 -6 9.1 +0.9
DWMF WisdomTree International Multifactor Fund 2.1 38 -26 7.1 -1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.0 20 -8 6.1 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 8 7.6 -0.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -30 9.3 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 2.0 20 -8 6.1 -2.1
JHMD John Hancock Multifactor Developed International ETF 2.0 39 -27 7.1 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.0 36 -24 6.3 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 -33 8.3 +0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 -38 10.2 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.9 18 -6 7.3 -0.9
VWO Vanguard FTSE Emerging Markets ETF 1.8 7 5 10.2 +2.0
EFA iShares MSCI EAFE ETF 1.8 35 -23 6.4 -1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.8 44 -32 10.3 +2.1
ECON Columbia Emerging Markets Consumer ETF 1.8 49 -37 11.5 +3.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -55 14.6 +6.4
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 -35 8.4 +0.2
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -67 7.3 -0.9
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 -4 7.9 -0.3
DFIV Dimensional International Value ETF 1.8 27 -15 8.9 +0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.8 38 -26 8.6 +0.4
RODE Hartford Multifactor Diversified International ETF 1.8 29 -17 10.3 +2.1
EWS iShares MSCI Singapore ETF 1.8 50 -38 4.5 -3.7
PPIE Putnam PanAgora ESG International Equity ETF 1.8 49 -37 7.1 -1.1
AVDE Avantis International Equity ETF 1.7 23 -11 7.0 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 5 10.4 +2.2
LVHI Franklin International Low Volatility High Dividend Index ET 1.7 40 -28 10.1 +1.9
BLES Inspire Global Hope ETF 1.7 61 -49 6.8 -1.4
IVLU iShares MSCI Intl Value Factor ETF 1.7 30 -18 9.6 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 -18 7.4 -0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 1.6 83 -71 8.9 +0.7
ISRA VanEck Israel ETF 1.6 59 -47 7.0 -1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 1.6 31 -19 5.9 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.6 41 -29 7.1 -1.1
FLGR Franklin FTSE Germany ETF 1.6 9 3 7.2 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.1 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 -58 8.4 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 1.6 30 -18 6.1 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -17 7.5 -0.7
TPIF Timothy Plan International ETF 1.6 62 -50 6.0 -2.2
AVSE Avantis Responsible Emerging Markets Equity ETF 1.6 33 -21 7.8 -0.4
XCEM Columbia EM Core ex-China ETF 1.6 16 -4 7.6 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 -18 6.7 -1.5
FSZ First Trust Switzerland AlphaDEX Fund 1.6 80 -68 6.4 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 1.6 9 3 9.8 +1.6
ESGD iShares ESG Aware MSCI EAFE ETF 1.5 20 -8 6.3 -1.9
EWG iShares MSCI Germany ETF 1.5 50 -38 6.5 -1.7
EWK iShares MSCI Belgium ETF 1.5 50 -38 4.3 -3.9
IEUR iShares Core MSCI Europe ETF 1.5 11 1 7.1 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.5 39 -27 15.5 +7.3
AVES Avantis Emerging Markets Value ETF 1.5 36 -24 10.5 +2.3
VGK Vanguard FTSE Europe ETF 1.5 6 6 7.2 -1.0
AVDV Avantis International Small Cap Value ETF 1.5 36 -24 8.6 +0.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 1 9.2 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 -35 7.7 -0.5
DFIC Dimensional International Core Equity 2 ETF 1.4 23 -11 7.1 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 -8 5.3 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 -22 7.3 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -51 12.7 +4.5
VYMI Vanguard International High Dividend Yield ETF 1.4 17 -5 9.0 +0.8
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 -23 8.6 +0.4
FLCH Franklin FTSE China ETF 1.4 19 -7 15.4 +7.2
SPEU SPDR Portfolio Europe ETF 1.4 7 5 7.1 -1.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 -41 7.2 -1.0
IDV iShares International Select Dividend ETF 1.4 51 -39 10.3 +2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 -24 9.1 +0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.4 56 -44 10.6 +2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -54 9.0 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 1.4 49 -37 14.8 +6.7
JIRE JPMorgan International Research Enhanced Equity ETF 1.4 24 -12 6.8 -1.4
EWQ iShares MSCI France ETF 1.3 53 -41 6.8 -1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 -23 12.5 +4.3
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 -5 12.8 +4.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.3 9 3 8.9 +0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 6.2 -2.0
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 -32 11.2 +3.1
DXIV Dimensional International Vector Equity ETF 1.3 34 -22 7.4 -0.8
SCHE Schwab Emerging Markets Equity ETF 1.3 11 1 10.6 +2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 -33 6.8 -1.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.3 15 -3 9.5 +1.3
SDIV Global X Superdividend ETF 1.3 58 -46 16.7 +8.5
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 6.7 -1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 -3 7.4 -0.8
FLIN Franklin FTSE India ETF 1.3 19 -7 3.9 -4.3
GXC SPDR S & P China ETF 1.3 59 -47 15.9 +7.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.3 25 -13 6.1 -2.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.2 80 -68 10.6 +2.4
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 6.1 -2.1
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -33 6.4 -1.8
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 8.1 -0.1
INDA iShares MSCI India ETF 1.2 65 -53 4.5 -3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.2 33 -21 9.3 +1.2
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 -18 7.3 -0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 -18 9.6 +1.4
KALL KraneShares MSCI All China Index ETF 1.2 49 -37 13.4 +5.2
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 6.1 -2.1
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 -13 5.7 -2.5
EMC Global X Emerging Markets Great Consumer ETF 1.2 75 -63 8.6 +0.4
DIVI Franklin International Core Dividend Tilt Index ETF 1.2 9 3 7.5 -0.7
EWW iShares MSCI Mexico ETF 1.2 50 -38 9.3 +1.1
DAX Global X DAX Germany ETF 1.2 21 -9 7.0 -1.2
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 9.2 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 25 -13 6.9 -1.3
FEOE First Eagle Overseas Equity ETF 1.1 79 -67 6.8 -1.4
GLOF iShares Global Equity Factor ETF 1.1 20 -8 6.6 -1.6
XC WisdomTree Emerging Markets Ex-China Fund 1.1 32 -20 5.7 -2.5
EEM iShares MSCI Emerging Markets ETF 1.1 69 -57 9.5 +1.3
VIGI Vanguard International Dividend Appreciation ETF 1.1 10 2 6.3 -1.9
DOL WisdomTree International LargeCap Dividend Fund 1.1 48 -36 6.8 -1.4
DFE WisdomTree Europe SmallCap Dividend Fund 1.0 58 -46 8.0 -0.2
MCHI iShares MSCI China ETF 1.0 59 -47 16.9 +8.7
WLDR Affinity World Leaders Equity ETF 1.0 67 -55 7.1 -1.1
CGDG Capital Group Dividend Growers ETF 1.0 47 -35 6.0 -2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 6.9 -1.3
ASEA Global X FTSE Southeast Asia ETF 1.0 65 -53 6.1 -2.1
FENI Fidelity Enhanced International ETF 1.0 28 -16 6.2 -2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 -24 7.2 -1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -78 5.1 -3.1
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 -13 10.8 +2.6
FXI iShares China Large-Cap ETF 0.9 74 -62 16.9 +8.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 -20 6.3 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.9 25 -13 8.9 +0.7
BKF iShares MSCI BIC ETF 0.9 69 -57 13.1 +4.9
PIN Invesco India ETF 0.9 78 -66 4.6 -3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 -20 8.5 +0.3
FLLA Franklin FTSE Latin America ETF 0.9 19 -7 12.8 +4.6
FLEE Franklin FTSE Europe ETF 0.9 9 3 7.0 -1.2
EPI WisdomTree India Earnings Fund 0.9 85 -73 4.8 -3.4
EWD iShares MSCI Sweden ETF 0.9 54 -42 5.2 -3.0
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 7.3 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.9 24 -12 7.3 -0.9
EFG iShares MSCI EAFE Growth ETF 0.9 36 -24 4.1 -4.1
VT Vanguard Total World Stock ETF 0.9 6 6 5.7 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -37 9.4 +1.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 -18 5.2 -3.0
EWL iShares MSCI Switzerland ETF 0.8 50 -38 6.0 -2.2
EZU iShares MSCI Eurozone ETF 0.8 52 -40 6.4 -1.8
IGRO iShares International Dividend Growth ETF 0.8 15 -3 6.9 -1.3
EMM Global X Emerging Markets ex-China ETF 0.8 75 -63 6.8 -1.4
FLN First Trust Latin America AlphaDEX Fund 0.8 80 -68 11.8 +3.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -68 14.2 +6.0
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 5.1 -3.1
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 3.7 -4.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 -17 8.8 +0.6
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.9 -3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 -37 9.4 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 -22 5.8 -2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 8.4 +0.2
KSA iShares MSCI Saudi Arabia ETF 0.7 74 -62 0.0 -8.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.7 42 -30 5.2 -3.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 6.5 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 -37 9.2 +1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -37 9.4 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.7 25 -13 7.1 -1.1
STXI Strive International Developed Markets ETF 0.7 29 -17 6.3 -1.9
IEV iShares Europe ETF 0.7 67 -55 6.6 -1.6
EPHE iShares MSCI Philippines ETF 0.7 59 -47 0.0 -8.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 -33 9.6 +1.4
STXE Strive Emerging Markets Ex-China ETF 0.6 32 -20 7.4 -0.8
DEW WisdomTree Global High Dividend Fund 0.6 58 -46 8.2 -0.0
JIG JPMorgan International Growth ETF 0.6 55 -43 4.7 -3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 -8 27,699.8 +27,691.6
FLMX Franklin FTSE Mexico ETF 0.6 19 -7 9.9 +1.8
AVIV Avantis International Large Cap Value ETF 0.6 25 -13 8.2 +0.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 -21 7.9 -0.3
EWU iShares MSCI United Kingdom ETF 0.6 50 -38 7.8 -0.4
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.6 -2.6
CGGO Capital Group Global Growth Equity ETF 0.6 47 -35 4.4 -3.8
IVAL Alpha Architect International Quantitative Value ETF 0.6 49 -37 10.0 +1.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 7.1 -1.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.5 58 -46 7.0 -1.2
FEGE First Eagle Global Equity ETF 0.5 79 -67 6.5 -1.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 -20 13.3 +5.1
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 7.0 -1.2
ACWI iShares MSCI ACWI ETF 0.5 32 -20 5.3 -2.9
AIA iShares Asia 50 ETF 0.5 50 -38 12.6 +4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 5.5 -2.7
SCHY Schwab International Dividend Equity ETF 0.5 14 -2 9.6 +1.4
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -8.2
ECH iShares MSCI Chile ETF 0.4 58 -46 7.2 -1.0
VIDI Vident International Equity Strategy ETF 0.4 61 -49 10.3 +2.1
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 4.7 -3.5
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -63 8.4 +0.2
URTH iShares MSCI World ETF 0.4 24 -12 4.9 -3.3
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -73 5.7 -2.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 -29 6.4 -1.8
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 -13 9.7 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -68 11.4 +3.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.1 -3.1
REAI Intelligent Real Estate ETF 0.4 59 -47 19.5 +11.3
FJP First Trust Japan AlphaDEX Fund 0.4 80 -68 7.9 -0.3
ILF iShares Latin America 40 ETF 0.4 48 -36 11.9 +3.8
BINV Brandes International ETF 0.4 70 -58 9.3 +1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 -33 10.0 +1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -76 8.8 +0.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 4.7 -3.5
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.9 -4.3
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.9 -3.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -28 6.7 -1.5
DIHP Dimensional International High Profitability ETF 0.3 29 -17 6.6 -1.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -53 5.1 -3.1
NDIA Global X India Active ETF 0.3 75 -63 5.3 -2.9
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 5.7 -2.5
MCH Matthews China Active ETF 0.3 79 -67 14.0 +5.8
AGNG Global X Aging Population ETF 0.3 50 -38 4.5 -3.7
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 8.8 +0.6
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 4.1 -4.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 -13 6.3 -1.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -58 3.9 -4.3
EFNL iShares MSCI Finland ETF 0.3 56 -44 6.3 -1.9
QAT iShares MSCI Qatar ETF 0.2 59 -47 51.2 +43.0
FCA First Trust China AlphaDEX Fund 0.2 80 -68 9.4 +1.2
AFK VanEck Africa Index ETF 0.2 98 -86 14.0 +5.8
FRDM Freedom 100 Emerging Markets ETF 0.2 49 -37 7.3 -0.9
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -53 8.0 -0.2
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -33 5.3 -2.9
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -47 6.0 -2.2
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.8 -3.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 6.0 -2.2
EWO iShares MSCI Austria ETF 0.2 50 -38 9.1 +0.9
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 5.8 -2.4
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.5 -4.7
QINT American Century Quality Diversified International ETF 0.2 39 -27 6.8 -1.4
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -46 7.1 -1.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 5.7 -2.5
DVYE iShares Emerging Markets Dividend ETF 0.1 49 -37 18.1 +9.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.8 -2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 11.7 +3.5
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.8 -1.4
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.8 +3.7
TUR iShares MSCI Turkey ETF 0.1 58 -46 15.7 +7.5
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 11.6 +3.4
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 -7 6.1 -2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 -30 6.5 -1.7
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 7.7 -0.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 6.3 -1.9
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 4.3 -3.9
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 12.0 +3.8
CNYA iShares MSCI China A ETF 0.1 60 -48 6.9 -1.3
EWN iShares MSCI Netherlands ETF 0.1 50 -38 5.3 -2.9
IDX VanEck Indonesia Index ETF 0.1 57 -45 7.0 -1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -46 6.8 -1.4
GREK Global X MSCI Greece ETF 0.1 57 -45 10.8 +2.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -30 6.9 -1.3
EIRL iShares MSCI Ireland ETF 0.1 50 -38 7.9 -0.3
ENOR iShares MSCI Norway ETF 0.1 53 -41 10.5 +2.3
NORW Global X MSCI Norway ETF 0.1 50 -38 10.6 +2.4
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 7.0 -1.2
WAR U.S. Global Tech and Aerospace & Defense ETF 0.0 60 -48 5.0 -3.2
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 14.6 +6.4
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -68 8.2 +0.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 Vanguard Global ex-U.S. Real Estate ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.58
 
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.