Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.6x P/Sales
ratio		 2.1x
P/BV
ratio		 0.8x Div.
yield		 4.6%


  • 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) $3,193
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 714
Wgt avg mkt cap (mns) $10,816
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 4.3 %
MITSUBISHI ESTATE CO LTD 2.9 %
MITSUI FUDOSAN CO LTD 2.5 %
SUN HUNG KAI PROPERTIES 2.3 %
SUMITOMO REALTY & DEVELOPMNT 2.0 %
DEUTSCHE ANNINGTON IMMOBILIE 1.9 %
EMAAR PROPERTIES PJSC 1.9 %
DAIWA HOUSE INDUSTRY CO LTD 1.5 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 1.4 %
SCENTRE GROUP 1.3 %
Total 22.1 %

TOP COUNTRY EXPOSURE
JAPAN 20.4 %
AUSTRALIA 10.4 %
HONG KONG 10.2 %
BRITAIN 5.7 %
SINGAPORE 5.7 %
ISRAEL 3.1 %
UAE 3.0 %
SWITZERLAND 2.9 %
GERMANY 2.8 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% 9.1% -0.8% 2.7% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.70 39%
MSCI EAFE 0.76 74%
MSCI Emg. Mkts. 0.48 51%

Technical Indicators
Recent close $44.36
30d moving avg. $46.35
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 287
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 369 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™: 8.7%


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
(%)
IFGL iShares International Developed Real Estate ETF 62.5 48 -36 7.4 -1.3
RWX SPDR Dow Jones International Real Estate ETF 40.3 59 -47 7.3 -1.4
ERET iShares Environmentally Aware Real Estate ETF 33.7 30 -18 6.8 -1.9
VGSR Vert Global Sustainable Real Estate ETF 29.4 47 -35 6.9 -1.8
AVRE Avantis Real Estate ETF 25.5 17 -5 6.8 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 25.1 50 -38 6.2 -2.5
REET iShares Global REIT ETF 24.0 14 -2 6.9 -1.8
DFGR Dimensional Global Real Estate ETF 22.2 22 -10 6.9 -1.8
GQRE FlexShares Global Quality Real Estate Index Fund 21.6 45 -33 7.2 -1.5
JIVE JPMorgan International Value ETF 12.3 55 -43 8.3 -0.4
IQRA IQ CBRE Real Assets ETF 12.1 65 -53 5.9 -2.8
IDLV Invesco S&P International Developed Low Volatility ETF 11.2 25 -13 6.4 -2.3
WTRE WisdomTree New Economy Real Estate Fund 10.7 58 -46 -0.3 -9.0
ERTH Invesco MSCI Sustainable Future ETF 8.6 62 -50 3.0 -5.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.6 80 -68 5.5 -3.2
SCZ iShares MSCI EAFE Small-Cap ETF 8.6 40 -28 6.1 -2.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.1 19 -7 5.5 -3.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.0 49 -37 6.1 -2.6
JPIN J.P. Morgan Diversified Return International Equity ETF 7.9 37 -25 7.1 -1.6
DIM WisdomTree International MidCap Dividend Fund 7.2 58 -46 6.3 -2.4
DWX SPDR S&P International Dividend ETF 7.0 45 -33 6.8 -1.9
SCJ iShares MSCI Japan Small-Cap ETF 7.0 50 -38 5.6 -3.1
IEUS iShares MSCI Europe Small-Cap ETF 7.0 42 -30 6.7 -2.0
EPP iShares MSCI Pacific ex-Japan ETF 6.9 47 -35 5.1 -3.6
EWH iShares MSCI Hong Kong ETF 6.9 50 -38 5.5 -3.2
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.1 60 -48 5.4 -3.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.0 12 0 5.3 -3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.0 8 4 6.3 -2.4
FNDC Schwab Fundamental International Small Co. Index ETF 5.9 39 -27 6.8 -1.9
SCHC Schwab International Small-Cap Equity ETF 5.8 11 1 6.7 -2.0
FLAU Franklin FTSE Australia ETF 5.8 9 3 5.9 -2.8
INDS Pacer Industrial Real Estate ETF 5.7 55 -43 6.0 -2.7
GWX SPDR S&P International Small Cap ETF 5.4 40 -28 5.9 -2.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.4 32 -20 5.4 -3.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 5.2 24 -12 6.9 -1.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.2 80 -68 6.7 -2.0
DWMF WisdomTree International Multifactor Fund 5.2 38 -26 6.9 -1.8
SPRE SP Funds S&P Global REIT Sharia ETF 5.2 55 -43 5.3 -3.4
EFAS Global X MSCI SuperDividend EAFE ETF 5.1 57 -45 7.4 -1.3
DTH WisdomTree International High Dividend Fund 5.0 58 -46 7.4 -1.3
ISCF iShares International SmallCap Equity Factor ETF 4.9 23 -11 7.3 -1.4
GVAL Cambria Global Value ETF 4.9 68 -56 8.9 +0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.9 80 -68 6.6 -2.1
EWA iShares MSCI Australia ETF 4.9 50 -38 5.4 -3.3
UIVM VictoryShares International Value Momentum ETF 4.7 35 -23 8.2 -0.5
IPAC iShares Core MSCI Pacific ETF 4.5 9 3 5.5 -3.2
RCGE RockCreek Global Equality ETF 4.4 95 -83 6.1 -2.6
SDG iShares MSCI Global Sustainable Development Goals ETF 4.3 49 -37 4.5 -4.2
FEP First Trust Europe AlphaDEX Fund 4.2 80 -68 6.8 -1.9
JHID John Hancock International High Dividend ETF 4.1 46 -34 7.9 -0.8
FID First Trust S&P International Dividend Aristocrats ETF 3.9 60 -48 7.7 -1.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.9 70 -58 6.4 -2.3
EWUS iShares MSCI United Kingdom Small Cap ETF 3.9 59 -47 7.3 -1.4
BYRE Principal Real Estate Active Opportunities ETF 3.8 65 -53 6.9 -1.8
FEUZ First Trust Eurozone AlphaDEX ETF 3.7 80 -68 6.4 -2.3
VPL Vanguard FTSE Pacific ETF 3.6 7 5 5.2 -3.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.6 29 -17 7.0 -1.7
WDIV SPDR S&P Global Dividend ETF 3.6 40 -28 9.0 +0.3
DLS WisdomTree International SmallCap Dividend Fund 3.6 58 -46 7.4 -1.3
EWX SPDR S&P Emerging Markets Small Cap ETF 3.4 65 -53 6.4 -2.3
AIVI WisdomTree International AI Enhanced Value Fund 3.3 58 -46 6.3 -2.4
FLJH Franklin FTSE Japan Hedged ETF 3.3 9 3 5.1 -3.6
FLJP Franklin FTSE Japan ETF 3.3 9 3 5.4 -3.3
WSML iShares MSCI World Small-Cap ETF 3.1 15 -3 5.3 -3.4
EWJV iShares MSCI Japan Value ETF 3.1 15 -3 6.9 -1.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.0 50 -38 5.7 -3.0
EIS iShares MSCI Israel ETF 3.0 58 -46 6.4 -2.3
UAE iShares MSCI UAE ETF 3.0 59 -47 0.0 -8.7
DMXF iShares ESG Advanced MSCI EAFE ETF 2.9 12 0 4.9 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.9 12 0 4.4 -4.3
FKU First Trust United Kingdom AlphaDEX Fund 2.8 80 -68 7.3 -1.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.8 22 -10 5.7 -3.0
DVYA iShares Asia/Pacific Dividend ETF 2.7 49 -37 7.1 -1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 -46 8.4 -0.3
BBJP JPMorgan BetaBuilders Japan ETF 2.7 19 -7 5.3 -3.4
FIDI Fidelity International High Dividend ETF 2.6 18 -6 7.2 -1.5
AVDS Avantis International Small Cap Equity ETF 2.6 30 -18 6.1 -2.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.6 67 -55 12.8 +4.1
DWM WisdomTree International Equity Fund 2.6 48 -36 5.6 -3.1
IEFA iShares Core MSCI EAFE ETF 2.6 7 5 6.0 -2.7
EFV iShares MSCI EAFE Value ETF 2.6 34 -22 7.6 -1.1
VSGX Vanguard ESG International Stock ETF 2.6 10 2 6.5 -2.2
FGM First Trust Germany AlphaDEX Fund 2.6 80 -68 5.0 -3.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.6 42 -30 7.6 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.6 59 -47 8.4 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.6 39 -27 6.2 -2.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.5 40 -28 5.7 -3.0
RAYJ Rayliant SMDAM Japan Equity ETF 2.5 72 -60 3.1 -5.6
TPIF Timothy Plan International ETF 2.5 62 -50 5.6 -3.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -66 9.7 +1.0
DISV Dimensional International Small Cap Value ETF 2.5 42 -30 8.1 -0.6
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 -8 5.6 -3.1
INTF iShares International Equity Factor ETF 2.5 15 -3 6.5 -2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.4 39 -27 7.0 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 2.4 4 8 6.0 -2.7
IQSI IQ Candriam International Equity ETF 2.4 15 -3 5.6 -3.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.3 49 -37 4.2 -4.5
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -35 7.5 -1.2
WWJD Inspire International ETF 2.3 80 -68 6.3 -2.4
AVSD Avantis Responsible International Equity ETF 2.3 23 -11 6.0 -2.7
VEA Vanguard FTSE Developed Markets ETF 2.3 3 9 5.9 -2.8
AVES Avantis Emerging Markets Value ETF 2.3 36 -24 8.9 +0.2
DFIS Dimensional International Small Cap ETF 2.2 39 -27 6.1 -2.6
RITA ETFB Green SRI REITs ETF 2.2 50 -38 5.5 -3.2
DFEV Dimensional Emerging Markets Value ETF 2.2 43 -31 9.3 +0.6
JPXN iShares JPX-Nikkei 400 ETF 2.2 48 -36 5.4 -3.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.2 47 -35 4.6 -4.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 3 9 5.8 -2.9
REAI Intelligent Real Estate ETF 2.1 59 -47 5.5 -3.2
VXUS Vanguard Total International Stock ETF 2.1 5 7 6.6 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 -8 5.9 -2.8
XC WisdomTree Emerging Markets Ex-China Fund 2.0 32 -20 6.6 -2.1
INEQ Columbia International Equity Income ETF 2.0 45 -33 7.9 -0.8
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 5 6.5 -2.2
CIL VictoryShares International Volatility Wtd ETF 2.0 45 -33 5.8 -2.9
ISRA VanEck Israel ETF 1.9 59 -47 5.9 -2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 1.9 31 -19 5.6 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 -33 6.7 -2.0
BLDG Cambria Global Real Estate ETF 1.9 60 -48 10.9 +2.2
AVSE Avantis Responsible Emerging Markets Equity ETF 1.9 33 -21 6.5 -2.2
LVHI Franklin International Low Volatility High Dividend Index ET 1.9 40 -28 7.7 -1.0
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 -51 10.2 +1.5
BKIE BNY Mellon International Equity ETF 1.8 4 8 6.0 -2.7
FLLA Franklin FTSE Latin America ETF 1.8 19 -7 10.9 +2.2
SCHF Schwab International Equity ETF 1.8 6 6 5.9 -2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.8 14 -2 5.3 -3.4
EWJ iShares MSCI Japan ETF 1.8 50 -38 4.9 -3.8
EWS iShares MSCI Singapore ETF 1.8 50 -38 4.2 -4.5
HEWJ iShares Currency Hedged MSCI Japan ETF 1.8 50 -38 5.4 -3.3
FLAX Franklin FTSE Asia Ex Japan ETF 1.8 19 -7 7.0 -1.7
FIVA Fidelity International Value Factor ETF 1.7 18 -6 7.3 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.7 20 -8 5.7 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 4 8 6.7 -2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 -29 6.8 -1.9
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 -3 5.6 -3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 5.3 -3.4
SRET Global X SuperDividend REIT ETF 1.7 59 -47 12.5 +3.8
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 5 9.1 +0.4
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -17 6.3 -2.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.6 20 -8 5.8 -2.9
EFA iShares MSCI EAFE ETF 1.6 35 -23 5.7 -3.0
HEFA iShares Currency Hedged MSCI EAFE ETF 1.6 35 -23 5.7 -3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.5 80 -68 9.3 +0.6
EWK iShares MSCI Belgium ETF 1.5 50 -38 3.8 -4.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.5 30 -18 6.2 -2.5
FJP First Trust Japan AlphaDEX Fund 1.5 80 -68 7.5 -1.2
DFIV Dimensional International Value ETF 1.5 27 -15 7.8 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 5 9.4 +0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.5 18 -6 6.3 -2.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 -8 5.7 -3.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.5 25 -13 5.5 -3.2
EWW iShares MSCI Mexico ETF 1.5 50 -38 8.4 -0.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 -46 7.3 -1.4
FENI Fidelity Enhanced International ETF 1.5 28 -16 5.8 -2.9
DFSI Dimensional International Sustainability Core 1 ETF 1.5 24 -12 5.7 -3.0
AVDE Avantis International Equity ETF 1.5 23 -11 6.3 -2.4
JHMD John Hancock Multifactor Developed International ETF 1.4 39 -27 6.2 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 -18 6.4 -2.3
FEOE First Eagle Overseas Equity ETF 1.4 79 -67 6.2 -2.5
BLES Inspire Global Hope ETF 1.4 61 -49 5.7 -3.0
IVLU iShares MSCI Intl Value Factor ETF 1.4 30 -18 8.0 -0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.4 38 -26 6.9 -1.8
IQLT iShares MSCI Intl Quality Factor ETF 1.4 30 -18 5.5 -3.2
GXC SPDR S & P China ETF 1.3 59 -47 18.6 +9.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 -3 8.7 +0.0
MCH Matthews China Active ETF 1.3 79 -67 14.4 +5.7
VGK Vanguard FTSE Europe ETF 1.3 6 6 6.5 -2.2
FLGR Franklin FTSE Germany ETF 1.3 9 3 6.6 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 44 -32 9.5 +0.8
IEUR iShares Core MSCI Europe ETF 1.3 11 1 6.3 -2.4
FRGN Horizon International Equity ETF 1.3 75 -63 7.7 -1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 49 -37 13.4 +4.7
EWQ iShares MSCI France ETF 1.3 53 -41 6.4 -2.3
IDV iShares International Select Dividend ETF 1.3 51 -39 9.1 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 -29 6.0 -2.7
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -11 6.2 -2.5
FLSW Franklin FTSE Switzerland ETF 1.3 9 3 5.7 -3.0
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 -4 6.6 -2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 9.7 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.3 83 -71 7.7 -1.0
FLCH Franklin FTSE China ETF 1.3 19 -7 18.0 +9.3
EUDV ProShares MSCI Europe Dividend Growers ETF 1.3 55 -43 5.7 -3.0
VEXC Vanguard Emerging Markets Ex-China ETF 1.2 7 5 5.7 -3.0
SPEU SPDR Portfolio Europe ETF 1.2 7 5 6.5 -2.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 -27 13.7 +5.0
FLIN Franklin FTSE India ETF 1.2 19 -7 4.2 -4.5
FLMX Franklin FTSE Mexico ETF 1.2 19 -7 8.8 +0.1
XCEM Columbia EM Core ex-China ETF 1.2 16 -4 4.8 -3.9
DIVI Franklin International Core Dividend Tilt Index ETF 1.2 9 3 6.6 -2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 -33 9.6 +0.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.2 80 -68 12.1 +3.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.2 25 -13 6.2 -2.5
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 6.9 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 -22 6.3 -2.4
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 3 8.1 -0.6
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 -13 5.3 -3.4
DFAI Dimensional International Core Equity Market ETF 1.2 18 -6 6.0 -2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 -58 6.8 -1.9
JIRE JPMorgan International Research Enhanced Equity ETF 1.1 24 -12 5.8 -2.9
FXI iShares China Large-Cap ETF 1.1 74 -62 21.1 +12.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.1 35 -23 5.7 -3.0
INDA iShares MSCI India ETF 1.1 65 -53 4.7 -4.0
VYMI Vanguard International High Dividend Yield ETF 1.1 17 -5 8.0 -0.7
JADE JPMorgan Active Developing Markets Equity ETF 1.1 65 -53 6.0 -2.7
MCHI iShares MSCI China ETF 1.1 59 -47 20.3 +11.6
DOL WisdomTree International LargeCap Dividend Fund 1.1 48 -36 5.6 -3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -38 8.0 -0.7
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 7.4 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 1.1 17 -5 12.6 +3.9
SCHE Schwab Emerging Markets Equity ETF 1.1 11 1 9.4 +0.7
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 9.2 +0.5
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 -23 6.9 -1.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 -21 6.0 -2.7
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 -13 10.2 +1.5
DXIV Dimensional International Vector Equity ETF 1.1 34 -22 6.6 -2.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -78 3.7 -5.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.0 35 -23 10.0 +1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 -35 7.2 -1.5
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 -18 6.4 -2.3
IMTM iShares MSCI Intl Momentum Factor ETF 1.0 30 -18 4.7 -4.0
AVDV Avantis International Small Cap Value ETF 1.0 36 -24 7.8 -0.9
ECON Columbia Emerging Markets Consumer ETF 1.0 49 -37 6.4 -2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 -33 5.5 -3.2
ASEA Global X FTSE Southeast Asia ETF 1.0 65 -53 5.5 -3.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 1 7.7 -1.0
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -68 10.3 +1.6
BKF iShares MSCI BIC ETF 0.9 69 -57 14.9 +6.2
DEW WisdomTree Global High Dividend Fund 0.9 58 -46 7.2 -1.5
PIN Invesco India ETF 0.9 78 -66 4.8 -3.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 -41 5.0 -3.7
EWL iShares MSCI Switzerland ETF 0.9 50 -38 5.5 -3.2
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 7.0 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 -8 4.7 -4.0
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 2 6.1 -2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 -24 7.5 -1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.9 9 3 7.8 -0.9
DAX Global X DAX Germany ETF 0.9 21 -9 6.2 -2.5
PPIE Putnam PanAgora ESG International Equity ETF 0.9 49 -37 6.2 -2.5
EWG iShares MSCI Germany ETF 0.9 50 -38 6.0 -2.7
EPI WisdomTree India Earnings Fund 0.9 85 -73 5.2 -3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 -18 7.8 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -54 7.0 -1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 -17 8.8 +0.2
FLEE Franklin FTSE Europe ETF 0.8 9 3 6.3 -2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 5.2 -3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 -3 7.9 -0.8
GLOF iShares Global Equity Factor ETF 0.8 20 -8 5.6 -3.1
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 4.8 -3.9
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 -37 9.0 +0.3
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.2 -3.5
EWD iShares MSCI Sweden ETF 0.8 54 -42 5.1 -3.6
WLDR Affinity World Leaders Equity ETF 0.8 67 -55 5.7 -3.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 -37 8.5 -0.2
EEM iShares MSCI Emerging Markets ETF 0.8 69 -57 7.7 -1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 -18 7.5 -1.2
VT Vanguard Total World Stock ETF 0.8 6 6 5.0 -3.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.8 69 -57 7.3 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.5 -4.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 -22 5.1 -3.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -46 7.6 -1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -13 8.7 +0.0
FLGB Franklin FTSE United Kingdom ETF 0.7 9 3 6.8 -1.9
FRDM Freedom 100 Emerging Markets ETF 0.7 49 -37 5.1 -3.6
SMIN iShares MSCI India Small Cap ETF 0.7 79 -67 3.5 -5.2
QINT American Century Quality Diversified International ETF 0.7 39 -27 6.6 -2.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 -13 7.4 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 -13 4.9 -3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 -24 6.0 -2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 -20 7.3 -1.4
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -68 8.9 +0.2
KSA iShares MSCI Saudi Arabia ETF 0.6 74 -62 0.0 -8.7
EMM Global X Emerging Markets ex-China ETF 0.6 75 -63 4.6 -4.1
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -63 7.0 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 8.0 -0.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 -37 7.4 -1.3
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.0 -3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 -21 6.6 -2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 -34 5.5 -3.2
EZU iShares MSCI Eurozone ETF 0.6 52 -40 5.5 -3.2
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.6 53 -41 5.4 -3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 -37 7.4 -1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 6.3 -2.4
EWU iShares MSCI United Kingdom ETF 0.6 50 -38 7.3 -1.4
IEV iShares Europe ETF 0.6 67 -55 5.8 -2.9
ECH iShares MSCI Chile ETF 0.6 58 -46 7.6 -1.1
EFG iShares MSCI EAFE Growth ETF 0.6 36 -24 3.7 -5.0
STXI Strive International Developed Markets ETF 0.6 29 -17 6.2 -2.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 -20 4.7 -4.0
CGV Conductor Global Equity Value ETF 0.5 130 -118 7.7 -1.0
SCHY Schwab International Dividend Equity ETF 0.5 14 -2 8.4 -0.3
FEGE First Eagle Global Equity ETF 0.5 79 -67 6.0 -2.7
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 8.2 -0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 -30 4.0 -4.7
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 6.6 -2.1
VIDI Vident International Equity Strategy ETF 0.5 61 -49 8.1 -0.6
EPHE iShares MSCI Philippines ETF 0.5 59 -47 0.0 -8.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 -13 6.0 -2.7
IGRO iShares International Dividend Growth ETF 0.5 15 -3 6.7 -2.0
AGNG Global X Aging Population ETF 0.5 50 -38 4.4 -4.3
AIA iShares Asia 50 ETF 0.4 50 -38 7.5 -1.2
FPXI First Trust International Equity Opportunities ETF 0.4 70 -58 3.7 -5.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -77 4.3 -4.4
ILF iShares Latin America 40 ETF 0.4 48 -36 9.9 +1.2
BINV Brandes International ETF 0.4 70 -58 8.6 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 3 4.9 -3.8
ACWI iShares MSCI ACWI ETF 0.4 32 -20 4.6 -4.1
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -73 4.6 -4.1
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 3.4 -5.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 -20 13.6 +5.0
URTH iShares MSCI World ETF 0.4 24 -12 4.3 -4.4
STXE Strive Emerging Markets Ex-China ETF 0.4 32 -20 5.1 -3.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -76 7.5 -1.2
DIHP Dimensional International High Profitability ETF 0.4 29 -17 5.8 -2.9
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 3 6.2 -2.5
OAIM OneAscent International Equity ETF 0.4 95 -83 4.6 -4.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 -13 5.4 -3.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.8 -4.9
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.1 -5.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 3 4.4 -4.3
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 -27 0.0 -8.7
FDD First Trust Stoxx European Select Dividend Index Fund 0.3 58 -46 9.7 +1.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 4.7 -4.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -46 5.3 -3.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -30 5.7 -3.0
SDIV Global X Superdividend ETF 0.3 58 -46 13.8 +5.1
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.3 -4.4
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 -13 8.1 -0.6
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 8.2 -0.5
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -47 4.6 -4.1
NDIA Global X India Active ETF 0.2 75 -63 5.3 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 -18 5.2 -3.5
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -33 4.4 -4.3
QAT iShares MSCI Qatar ETF 0.2 59 -47 45.0 +36.4
AFK VanEck Africa Index ETF 0.2 98 -86 11.3 +2.6
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -53 3.4 -5.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 4.5 -4.2
FCA First Trust China AlphaDEX Fund 0.2 80 -68 7.5 -1.2
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.8 -4.9
DVYE iShares Emerging Markets Dividend ETF 0.2 49 -37 17.9 +9.2
EWO iShares MSCI Austria ETF 0.2 50 -38 7.5 -1.2
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -47 11.9 +3.2
EFNL iShares MSCI Finland ETF 0.2 56 -44 5.5 -3.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 9.8 +1.1
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.4 +2.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 5.7 -3.0
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 5.3 -3.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.0 -3.7
IVSI Applied Finance IVS International Large ETF 0.1 65 -53 6.0 -2.7
NORW Global X MSCI Norway ETF 0.1 50 -38 7.7 -1.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 2.3 -6.4
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 9.1 +0.4
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 -6 0.0 -8.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.1 -2.6
EWN iShares MSCI Netherlands ETF 0.1 50 -38 4.4 -4.3
TUR iShares MSCI Turkey ETF 0.1 58 -46 13.2 +4.6
CUT Invesco MSCI Global Timber ETF 0.1 61 -49 8.5 -0.2
FLTW Franklin FTSE Taiwan ETF 0.1 19 -7 3.3 -5.4
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 11.6 +2.9
EIRL iShares MSCI Ireland ETF 0.1 50 -38 7.1 -1.6
CNYA iShares MSCI China A ETF 0.1 60 -48 6.3 -2.4
GREK Global X MSCI Greece ETF 0.1 57 -45 9.2 +0.5
ENOR iShares MSCI Norway ETF 0.1 53 -41 7.7 -1.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.0 70 -58 3.8 -4.9
IDX VanEck Indonesia Index ETF 0.0 57 -45 10.6 +1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.0 40 -28 6.2 -2.5
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.3 -2.4
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 12.3 +3.6
BRAZ Global X Brazil Active ETF 0.0 75 -63 10.9 +2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 -30 4.0 -4.7

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 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 6.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.7 %
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.