Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 2.2x
P/BV
ratio		 0.8x Div.
yield		 4.3%


  • 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) $3,311
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) $10,816
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 3.7 %
MITSUBISHI ESTATE CO LTD 3.3 %
MITSUI FUDOSAN CO LTD 2.8 %
SUMITOMO REALTY & DEVELOPMNT 2.6 %
SUN HUNG KAI PROPERTIES 2.5 %
DEUTSCHE ANNINGTON IMMOBILIE 2.1 %
EMAAR PROPERTIES PJSC 1.8 %
DAIWA HOUSE INDUSTRY CO LTD 1.7 %
SWISS PRIME SITE-REG 1.3 %
SCENTRE GROUP 1.2 %
Total 23.0 %

TOP COUNTRY EXPOSURE
JAPAN 22.1 %
AUSTRALIA 10.4 %
HONG KONG 10.1 %
BRITAIN 5.5 %
SINGAPORE 5.5 %
GERMANY 3.1 %
SWITZERLAND 3.0 %
ISRAEL 3.0 %
UAE 3.0 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.0% 15.3% 0.3% 2.8% 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.59 32%
MSCI EAFE 0.75 71%
MSCI Emg. Mkts. 0.48 47%

Technical Indicators
Recent close $46.57
30d moving avg. $46.03
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 254
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 367 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™: 8.3%


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 63.0 48 -36 7.0 -1.2
RWX SPDR Dow Jones International Real Estate ETF 40.1 59 -47 7.0 -1.3
ERET iShares Environmentally Aware Real Estate ETF 35.8 30 -18 6.8 -1.5
VGSR Vert Global Sustainable Real Estate ETF 28.3 47 -35 7.0 -1.2
AVRE Avantis Real Estate ETF 27.6 17 -5 6.7 -1.5
RWO SPDR Dow Jones Global Real Estate ETF 27.0 50 -38 6.3 -2.0
REET iShares Global REIT ETF 25.0 14 -2 7.0 -1.3
DFGR Dimensional Global Real Estate ETF 22.9 22 -10 7.0 -1.3
GQRE FlexShares Global Quality Real Estate Index Fund 22.4 45 -33 7.2 -1.0
JIVE JPMorgan International Value ETF 13.4 55 -43 8.5 +0.2
IDLV Invesco S&P International Developed Low Volatility ETF 11.2 25 -13 6.3 -2.0
IQRA IQ CBRE Real Assets ETF 10.9 65 -53 5.7 -2.5
WTRE WisdomTree New Economy Real Estate Fund 10.1 58 -46 -0.3 -8.6
SCZ iShares MSCI EAFE Small-Cap ETF 9.2 40 -28 6.2 -2.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.8 80 -68 5.5 -2.8
ERTH Invesco MSCI Sustainable Future ETF 8.3 62 -50 3.0 -5.3
JPIN J.P. Morgan Diversified Return International Equity ETF 8.3 37 -25 7.1 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.1 49 -37 6.0 -2.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.1 19 -7 5.4 -2.9
SCJ iShares MSCI Japan Small-Cap ETF 7.8 50 -38 5.8 -2.5
DWX SPDR S&P International Dividend ETF 7.5 45 -33 6.8 -1.5
IEUS iShares MSCI Europe Small-Cap ETF 7.4 42 -30 6.7 -1.5
EPP iShares MSCI Pacific ex-Japan ETF 7.3 47 -35 5.0 -3.3
EWH iShares MSCI Hong Kong ETF 7.2 50 -38 5.0 -3.3
DIM WisdomTree International MidCap Dividend Fund 7.1 58 -46 6.3 -2.0
FLAU Franklin FTSE Australia ETF 6.5 9 3 5.8 -2.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.4 12 0 5.4 -2.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.3 8 4 6.2 -2.1
SCHC Schwab International Small-Cap Equity ETF 6.2 11 1 6.5 -1.8
FNDC Schwab Fundamental International Small Co. Index ETF 6.1 39 -27 6.7 -1.5
INDS Pacer Industrial Real Estate ETF 5.9 55 -43 6.2 -2.0
UIVM VictoryShares International Value Momentum ETF 5.5 35 -23 8.3 +0.1
GWX SPDR S&P International Small Cap ETF 5.5 40 -28 5.7 -2.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.4 60 -48 5.5 -2.8
BYRE Principal Real Estate Active Opportunities ETF 5.3 65 -53 6.9 -1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 5.2 49 -37 4.5 -3.8
IPAC iShares Core MSCI Pacific ETF 5.2 9 3 5.6 -2.7
ISCF iShares International SmallCap Equity Factor ETF 4.9 23 -11 7.3 -1.0
DTH WisdomTree International High Dividend Fund 4.9 58 -46 7.3 -0.9
DWMF WisdomTree International Multifactor Fund 4.7 38 -26 6.8 -1.4
SPRE SP Funds S&P Global REIT Sharia ETF 4.6 55 -43 5.3 -3.0
EWA iShares MSCI Australia ETF 4.6 50 -38 5.2 -3.0
GVAL Cambria Global Value ETF 4.6 68 -56 9.0 +0.8
RCGE RockCreek Global Equality ETF 4.4 95 -83 6.2 -2.1
FID First Trust S&P International Dividend Aristocrats ETF 4.3 60 -48 7.8 -0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.3 70 -58 6.2 -2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.2 32 -20 5.4 -2.9
VPL Vanguard FTSE Pacific ETF 4.2 7 5 5.4 -2.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.1 24 -12 6.9 -1.3
WDIV SPDR S&P Global Dividend ETF 4.1 40 -28 9.1 +0.9
VWID Virtus WMC International Dividend ETF 3.8 49 -37 7.3 -1.0
EWUS iShares MSCI United Kingdom Small Cap ETF 3.8 59 -47 7.4 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.7 29 -17 7.0 -1.3
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 -45 7.2 -1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 3.7 12 0 5.1 -3.2
EWX SPDR S&P Emerging Markets Small Cap ETF 3.6 65 -53 6.3 -1.9
FLJP Franklin FTSE Japan ETF 3.6 9 3 5.5 -2.7
FLJH Franklin FTSE Japan Hedged ETF 3.6 9 3 5.3 -2.9
WSML iShares MSCI World Small-Cap ETF 3.5 15 -3 5.4 -2.9
DLS WisdomTree International SmallCap Dividend Fund 3.5 58 -46 7.4 -0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.5 80 -68 6.8 -1.4
FEP First Trust Europe AlphaDEX Fund 3.4 80 -68 6.9 -1.4
JHID John Hancock International High Dividend ETF 3.3 46 -34 8.0 -0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -38 5.7 -2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 0 4.4 -3.8
AIVI WisdomTree International AI Enhanced Value Fund 3.0 58 -46 6.4 -1.9
UAE iShares MSCI UAE ETF 3.0 59 -47 0.0 -8.3
FDEV Fidelity International Multifactor ETF 3.0 18 -6 7.1 -1.1
EWJV iShares MSCI Japan Value ETF 2.9 15 -3 7.2 -1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.9 22 -10 5.7 -2.6
VSGX Vanguard ESG International Stock ETF 2.9 10 2 6.7 -1.6
IEFA iShares Core MSCI EAFE ETF 2.9 7 5 6.1 -2.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.8 42 -30 7.3 -1.0
FGM First Trust Germany AlphaDEX Fund 2.8 80 -68 5.0 -3.3
RAYJ Rayliant SMDAM Japan Equity ETF 2.8 72 -60 3.0 -5.3
BBJP JPMorgan BetaBuilders Japan ETF 2.8 19 -7 5.5 -2.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.7 59 -47 8.4 +0.2
EIS iShares MSCI Israel ETF 2.7 58 -46 5.9 -2.3
JPXN iShares JPX-Nikkei 400 ETF 2.7 48 -36 5.5 -2.7
FKU First Trust United Kingdom AlphaDEX Fund 2.7 80 -68 7.4 -0.9
DVYA iShares Asia/Pacific Dividend ETF 2.7 49 -37 6.9 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 2.6 4 8 6.1 -2.2
INTF iShares International Equity Factor ETF 2.6 15 -3 6.5 -1.7
EFV iShares MSCI EAFE Value ETF 2.6 34 -22 7.7 -0.6
DISV Dimensional International Small Cap Value ETF 2.6 42 -30 8.2 -0.0
AVDS Avantis International Small Cap Equity ETF 2.6 30 -18 6.0 -2.2
FEUZ First Trust Eurozone AlphaDEX ETF 2.5 80 -68 6.5 -1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.5 39 -27 7.0 -1.2
DWM WisdomTree International Equity Fund 2.5 48 -36 5.7 -2.6
IQSI IQ Candriam International Equity ETF 2.5 15 -3 5.7 -2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.5 39 -27 6.2 -2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 58 -46 8.3 +0.0
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 -8 5.8 -2.5
DFIS Dimensional International Small Cap ETF 2.4 39 -27 6.2 -2.1
VEA Vanguard FTSE Developed Markets ETF 2.4 3 9 6.0 -2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.4 40 -28 5.8 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -66 9.7 +1.5
SPDW SPDR Portfolio Developed World ex-US ETF 2.4 3 9 5.9 -2.3
DFEV Dimensional Emerging Markets Value ETF 2.3 43 -31 9.5 +1.3
EWJ iShares MSCI Japan ETF 2.3 50 -38 5.1 -3.2
IMOM Alpha Architect International Quantitative Momentum ETF 2.3 49 -37 4.1 -4.2
VXUS Vanguard Total International Stock ETF 2.3 5 7 6.7 -1.6
FIDI Fidelity International High Dividend ETF 2.3 18 -6 7.2 -1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.3 47 -35 4.9 -3.4
IXUS iShares Core MSCI Total International Stock ETF 2.2 7 5 6.6 -1.6
RITA ETFB Green SRI REITs ETF 2.2 50 -38 5.5 -2.8
WWJD Inspire International ETF 2.2 80 -68 6.2 -2.0
BLDG Cambria Global Real Estate ETF 2.2 60 -48 11.3 +3.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.2 80 -68 6.6 -1.6
TPIF Timothy Plan International ETF 2.1 62 -50 5.6 -2.7
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 -8 6.0 -2.3
AVSE Avantis Responsible Emerging Markets Equity ETF 2.1 33 -21 6.7 -1.5
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 -28 7.6 -0.7
AVSD Avantis Responsible International Equity ETF 2.0 23 -11 6.0 -2.2
SCHF Schwab International Equity ETF 2.0 6 6 6.1 -2.2
REAI Intelligent Real Estate ETF 2.0 59 -47 5.5 -2.7
CIL VictoryShares International Volatility Wtd ETF 2.0 45 -33 5.8 -2.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.9 20 -8 5.7 -2.6
SRET Global X SuperDividend REIT ETF 1.9 59 -47 12.3 +4.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 -33 6.9 -1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.9 14 -2 5.4 -2.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 -3 5.7 -2.6
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 -20 6.3 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 -7 7.2 -1.1
BKIE BNY Mellon International Equity ETF 1.9 4 8 6.1 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.8 4 8 6.8 -1.5
ISRA VanEck Israel ETF 1.8 59 -47 5.5 -2.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 -51 10.5 +2.3
NUDM Nuveen ESG International Developed Markets Equity ETF 1.8 31 -19 5.7 -2.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.8 41 -29 6.8 -1.5
EFA iShares MSCI EAFE ETF 1.8 35 -23 5.8 -2.4
EWS iShares MSCI Singapore ETF 1.8 50 -38 4.2 -4.0
VWO Vanguard FTSE Emerging Markets ETF 1.7 7 5 9.0 +0.7
DFIV Dimensional International Value ETF 1.7 27 -15 7.9 -0.4
FJP First Trust Japan AlphaDEX Fund 1.7 80 -68 7.5 -0.8
AVES Avantis Emerging Markets Value ETF 1.7 36 -24 8.8 +0.6
INEQ Columbia International Equity Income ETF 1.7 45 -33 7.8 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 5.5 -2.7
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -35 7.7 -0.6
IVLU iShares MSCI Intl Value Factor ETF 1.6 30 -18 8.2 -0.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.6 20 -8 5.9 -2.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 -18 6.1 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -17 6.8 -1.5
EWK iShares MSCI Belgium ETF 1.6 50 -38 4.0 -4.2
SPEM SPDR Portfolio Emerging Markets ETF 1.6 7 5 9.3 +1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 -6 6.4 -1.8
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 5.7 -2.6
XCEM Columbia EM Core ex-China ETF 1.6 16 -4 5.0 -3.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.5 25 -13 5.6 -2.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 -18 6.4 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.5 45 -33 9.4 +1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 70 -58 7.0 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 1.5 16 -4 6.9 -1.4
FIVA Fidelity International Value Factor ETF 1.5 18 -6 7.6 -0.7
IQLT iShares MSCI Intl Quality Factor ETF 1.5 30 -18 5.5 -2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.5 38 -26 6.9 -1.3
FLLA Franklin FTSE Latin America ETF 1.5 19 -7 10.0 +1.7
AVDE Avantis International Equity ETF 1.5 23 -11 6.3 -2.0
MEM Matthews Emerging Markets Equity Active ETF 1.5 79 -67 8.3 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 -8 4.8 -3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.5 15 -3 8.9 +0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 -8 5.7 -2.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 -38 8.2 -0.1
EWW iShares MSCI Mexico ETF 1.5 50 -38 8.2 -0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 -32 9.3 +1.0
JHMD John Hancock Multifactor Developed International ETF 1.4 39 -27 6.3 -2.0
DFIC Dimensional International Core Equity 2 ETF 1.4 23 -11 6.3 -2.0
IEUR iShares Core MSCI Europe ETF 1.4 11 1 6.5 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 3 8.1 -0.1
VGK Vanguard FTSE Europe ETF 1.4 6 6 6.7 -1.6
VEXC Vanguard Emerging Markets Ex-China ETF 1.4 7 5 5.7 -2.5
FLGR Franklin FTSE Germany ETF 1.4 9 3 6.6 -1.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.4 67 -55 12.5 +4.2
RFDI First Trust Riverfront Dynamic Developed International ETF 1.4 83 -71 7.8 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 -22 6.4 -1.8
EWG iShares MSCI Germany ETF 1.3 50 -38 6.0 -2.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.3 58 -46 7.3 -1.0
SPEU SPDR Portfolio Europe ETF 1.3 7 5 6.6 -1.7
VYMI Vanguard International High Dividend Yield ETF 1.3 17 -5 8.1 -0.2
BLES Inspire Global Hope ETF 1.3 61 -49 5.8 -2.5
EWQ iShares MSCI France ETF 1.3 53 -41 6.6 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 49 -37 13.3 +5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 -35 7.4 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 -29 6.1 -2.1
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 6.1 -2.2
IDV iShares International Select Dividend ETF 1.3 51 -39 9.0 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 9.7 +1.5
INDA iShares MSCI India ETF 1.3 65 -53 4.5 -3.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 5.8 -2.5
GXC SPDR S & P China ETF 1.2 59 -47 17.5 +9.2
DXIV Dimensional International Vector Equity ETF 1.2 34 -22 6.6 -1.6
ECON Columbia Emerging Markets Consumer ETF 1.2 49 -37 6.8 -1.4
VIGI Vanguard International Dividend Appreciation ETF 1.2 10 2 6.1 -2.1
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 -23 6.9 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 -5 12.1 +3.9
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 7.1 -1.2
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 5.8 -2.4
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 -12 5.9 -2.3
FEOE First Eagle Overseas Equity ETF 1.2 79 -67 6.3 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 -27 13.5 +5.2
FLCH Franklin FTSE China ETF 1.2 19 -7 16.8 +8.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 -12 5.4 -2.9
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 -13 5.2 -3.0
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 5.6 -2.6
SCHE Schwab Emerging Markets Equity ETF 1.2 11 1 9.3 +1.0
FLMX Franklin FTSE Mexico ETF 1.2 19 -7 8.7 +0.4
FLIN Franklin FTSE India ETF 1.1 19 -7 4.1 -4.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -54 7.3 -1.0
IMTM iShares MSCI Intl Momentum Factor ETF 1.1 30 -18 4.7 -3.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.1 35 -23 10.9 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.1 11 1 7.8 -0.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.1 53 -41 5.2 -3.1
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 -18 6.5 -1.8
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 7.7 -0.6
DIVI Franklin International Core Dividend Tilt Index ETF 1.1 9 3 6.7 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 -24 7.6 -0.7
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 -13 10.3 +2.1
DOL WisdomTree International LargeCap Dividend Fund 1.1 48 -36 5.8 -2.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 -21 6.2 -2.0
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 8.2 -0.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -68 8.7 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -78 3.6 -4.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 6.2 -2.0
MCHI iShares MSCI China ETF 1.0 59 -47 19.0 +10.8
DAX Global X DAX Germany ETF 1.0 21 -9 6.2 -2.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 -33 5.8 -2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 -3 8.0 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.0 30 -18 8.0 -0.2
ASEA Global X FTSE Southeast Asia ETF 1.0 65 -53 5.5 -2.7
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -37 6.6 -1.7
GLOF iShares Global Equity Factor ETF 1.0 20 -8 5.6 -2.6
DEW WisdomTree Global High Dividend Fund 0.9 58 -46 7.3 -1.0
AVDV Avantis International Small Cap Value ETF 0.9 36 -24 7.8 -0.5
BKF iShares MSCI BIC ETF 0.9 69 -57 13.8 +5.5
PIN Invesco India ETF 0.9 78 -66 4.8 -3.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 -46 7.5 -0.7
EWL iShares MSCI Switzerland ETF 0.9 50 -38 5.6 -2.7
EEM iShares MSCI Emerging Markets ETF 0.9 69 -57 7.8 -0.5
FXI iShares China Large-Cap ETF 0.9 74 -62 19.8 +11.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.9 36 -24 5.9 -2.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.9 9 3 7.7 -0.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.9 25 -13 5.2 -3.1
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 6.8 -1.5
FRGN Horizon International Equity ETF 0.9 75 -63 8.0 -0.3
EWD iShares MSCI Sweden ETF 0.9 54 -42 5.1 -3.1
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -68 9.4 +1.2
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 7.0 -1.2
FLEE Franklin FTSE Europe ETF 0.9 9 3 6.4 -1.9
QINT American Century Quality Diversified International ETF 0.8 39 -27 6.7 -1.6
VT Vanguard Total World Stock ETF 0.8 6 6 5.1 -3.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 -17 8.6 +0.3
EFG iShares MSCI EAFE Growth ETF 0.8 36 -24 3.8 -4.4
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.2 -3.0
FRDM Freedom 100 Emerging Markets ETF 0.8 49 -37 5.6 -2.6
FENI Fidelity Enhanced International ETF 0.8 28 -16 5.9 -2.4
EPI WisdomTree India Earnings Fund 0.8 85 -73 5.0 -3.3
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 -13 8.9 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 -37 8.6 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.8 25 -13 7.6 -0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 -21 6.7 -1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 -18 7.6 -0.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -68 11.4 +3.2
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 4.9 -3.3
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 3.5 -4.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 -33 8.1 -0.2
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.4 -3.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 -22 5.2 -3.0
EZU iShares MSCI Eurozone ETF 0.7 52 -40 5.8 -2.5
EMC Global X Emerging Markets Great Consumer ETF 0.7 75 -63 7.2 -1.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -37 9.1 +0.8
EMM Global X Emerging Markets ex-China ETF 0.7 75 -63 4.8 -3.5
AIA iShares Asia 50 ETF 0.7 50 -38 8.1 -0.2
MCH Matthews China Active ETF 0.7 79 -67 14.6 +6.3
KSA iShares MSCI Saudi Arabia ETF 0.7 74 -62 0.0 -8.3
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 8.4 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 -37 7.5 -0.7
FPXI First Trust International Equity Opportunities ETF 0.6 70 -58 3.9 -4.4
ECH iShares MSCI Chile ETF 0.6 58 -46 7.4 -0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 -34 5.7 -2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 -20 4.8 -3.4
IEV iShares Europe ETF 0.6 67 -55 6.0 -2.3
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.0 -3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 -20 7.4 -0.8
FEGE First Eagle Global Equity ETF 0.6 79 -67 6.1 -2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 -30 4.3 -4.0
CGDG Capital Group Dividend Growers ETF 0.6 47 -35 5.2 -3.1
EPHE iShares MSCI Philippines ETF 0.6 59 -47 0.0 -8.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 6.4 -1.8
CGV Conductor Global Equity Value ETF 0.6 130 -118 7.3 -0.9
IGRO iShares International Dividend Growth ETF 0.6 15 -3 6.8 -1.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 -13 6.2 -2.0
STXI Strive International Developed Markets ETF 0.6 29 -17 6.2 -2.1
EWU iShares MSCI United Kingdom ETF 0.5 50 -38 7.2 -1.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 -37 7.6 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 4.9 -3.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 6.8 -1.5
ACWI iShares MSCI ACWI ETF 0.5 32 -20 4.7 -3.5
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -8.3
STXE Strive Emerging Markets Ex-China ETF 0.5 32 -20 5.4 -2.8
MJSC MUFG Japan Small Cap Active ETF 0.5 85 -73 4.8 -3.4
URTH iShares MSCI World ETF 0.5 24 -12 4.4 -3.9
ILF iShares Latin America 40 ETF 0.4 48 -36 9.1 +0.9
BINV Brandes International ETF 0.4 70 -58 8.6 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -63 7.9 -0.3
VIDI Vident International Equity Strategy ETF 0.4 61 -49 8.3 +0.1
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 3.7 -4.5
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 -13 8.3 +0.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -68 8.4 +0.1
DIHP Dimensional International High Profitability ETF 0.4 29 -17 5.8 -2.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 -29 4.8 -3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 -20 13.1 +4.8
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 3 6.3 -1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -76 8.3 +0.1
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.3 -3.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -46 5.6 -2.7
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -30 5.9 -2.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 3 4.5 -3.8
FDD First Trust Stoxx European Select Dividend Index Fund 0.3 58 -46 9.9 +1.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.6 -4.7
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.4 -4.9
AGNG Global X Aging Population ETF 0.3 50 -38 4.3 -3.9
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -47 4.8 -3.5
SDIV Global X Superdividend ETF 0.3 58 -46 13.0 +4.7
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 3.4 -4.9
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 5.2 -3.1
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 8.1 -0.2
QAT iShares MSCI Qatar ETF 0.2 59 -47 42.7 +34.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 5.5 -2.8
NDIA Global X India Active ETF 0.2 75 -63 5.0 -3.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 -8 5.7 -2.5
AFK VanEck Africa Index ETF 0.2 98 -86 10.9 +2.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -33 4.5 -3.8
WLDR Affinity World Leaders Equity ETF 0.2 67 -55 6.2 -2.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 4.3 -4.0
DVYE iShares Emerging Markets Dividend ETF 0.2 49 -37 17.2 +9.0
FCA First Trust China AlphaDEX Fund 0.2 80 -68 6.9 -1.4
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -47 10.5 +2.3
EWO iShares MSCI Austria ETF 0.2 50 -38 7.8 -0.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.5 -3.8
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.8 -4.4
EFNL iShares MSCI Finland ETF 0.2 56 -44 5.6 -2.7
IVSI Applied Finance IVS International LrgETF 0.2 65 -53 6.2 -2.1
BRF VanEck Brazil Small-Cap ETF 0.2 66 -54 10.0 +1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 4.9 -3.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 9.8 +1.6
FLTW Franklin FTSE Taiwan ETF 0.1 19 -7 3.7 -4.5
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 -6 0.0 -8.3
TUR iShares MSCI Turkey ETF 0.1 58 -46 11.9 +3.6
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 5.5 -2.8
ENOR iShares MSCI Norway ETF 0.1 53 -41 7.3 -1.0
NORW Global X MSCI Norway ETF 0.1 50 -38 7.2 -1.1
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 9.3 +1.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 2.7 -5.6
CUT Invesco MSCI Global Timber ETF 0.1 61 -49 8.6 +0.3
EWN iShares MSCI Netherlands ETF 0.1 50 -38 4.8 -3.5
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 9.0 +0.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.0 -2.2
CNYA iShares MSCI China A ETF 0.1 60 -48 6.1 -2.1
IDX VanEck Indonesia Index ETF 0.1 57 -45 8.2 -0.0
EIRL iShares MSCI Ireland ETF 0.1 50 -38 7.5 -0.8
GREK Global X MSCI Greece ETF 0.1 57 -45 9.9 +1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -58 3.9 -4.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -28 6.3 -1.9
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 10.6 +2.4
BRAZ Global X Brazil Active ETF 0.0 75 -63 9.2 +1.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.2 -2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 -30 4.0 -4.2

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 8.3 %
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.