Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.3x P/Sales
ratio		 2.4x
P/BV
ratio		 0.8x Div.
yield		 4.1%


  • 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) $3,093
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 683
Wgt avg mkt cap (mns) $8,821
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 4.5 %
DEUTSCHE ANNINGTON IMMOBILIE 2.9 %
MITSUI FUDOSAN CO LTD 2.7 %
MITSUBISHI ESTATE CO LTD 2.3 %
EMAAR PROPERTIES PJSC 2.3 %
DAIWA HOUSE INDUSTRY CO LTD 2.1 %
SUMITOMO REALTY & DEVELOPMNT 1.8 %
SUN HUNG KAI PROPERTIES 1.7 %
LINK REIT 1.4 %
SEGRO PLC 1.3 %
Total 23.1 %

TOP COUNTRY EXPOSURE
JAPAN 21.7 %
AUSTRALIA 11.1 %
HONG KONG 9.1 %
BRITAIN 6.3 %
SINGAPORE 5.3 %
GERMANY 4.1 %
UAE 3.6 %
SWITZERLAND 2.8 %
SWEDEN 2.6 %
INDIA 2.5 %

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.
11.7% 5.9% 1.7% 0.9% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.78 43%
MSCI EAFE 0.93 66%
MSCI Emg. Mkts. 0.94 66%

Technical Indicators
Recent close $45.98
30d moving avg. $44.52
Annualized volatility 19.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 296
Turnover 0.4%
Bid/Ask (% of price) 0.15%
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™: 8.0%


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 72.4 10 2 8.2 +0.2
IFGL iShares International Developed Real Estate ETF 64.1 48 -36 7.1 -0.9
RWX SPDR Dow Jones International Real Estate ETF 40.8 59 -47 7.0 -1.0
ERET iShares Environmentally Aware Real Estate ETF 35.9 30 -18 7.5 -0.5
VGSR Vert Global Sustainable Real Estate ETF 29.8 47 -35 7.4 -0.6
RWO SPDR Dow Jones Global Real Estate ETF 27.9 50 -38 7.2 -0.8
REET iShares Global REIT ETF 26.2 14 -2 7.7 -0.3
DFGR Dimensional Global Real Estate ETF 24.2 22 -10 7.6 -0.4
AVRE Avantis Real Estate ETF 23.6 17 -5 7.2 -0.7
GQRE FlexShares Global Quality Real Estate Index Fund 21.9 45 -33 7.9 -0.1
IQRA IQ CBRE Real Assets ETF 12.3 65 -53 5.8 -2.2
IDLV Invesco S&P International Developed Low Volatility ETF 9.8 25 -13 6.5 -1.5
SCZ iShares MSCI EAFE Small-Cap ETF 9.6 40 -28 7.0 -1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.6 80 -68 5.6 -2.4
SCJ iShares MSCI Japan Small-Cap ETF 9.0 50 -38 6.7 -1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.7 49 -37 7.0 -1.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.7 19 -7 6.1 -1.9
DIM WisdomTree International MidCap Dividend Fund 8.4 58 -46 7.6 -0.4
IEUS iShares MSCI Europe Small-Cap ETF 7.9 42 -30 7.3 -0.7
EPP iShares MSCI Pacific ex-Japan ETF 7.8 47 -35 5.5 -2.5
RITA ETFB Green SRI REITs ETF 7.7 50 -38 6.5 -1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 7.6 37 -25 8.6 +0.6
FLHK Franklin FTSE Hong Kong ETF 7.4 9 3 7.1 -0.9
ERTH Invesco MSCI Sustainable Future ETF 7.3 62 -50 3.7 -4.3
DWX SPDR S&P International Dividend ETF 7.3 45 -33 6.2 -1.8
FLAU Franklin FTSE Australia ETF 6.2 9 3 6.3 -1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.2 12 0 6.1 -1.9
SCHC Schwab International Small-Cap Equity ETF 6.2 11 1 6.8 -1.2
FNDC Schwab Fundamental International Small Co. Index ETF 6.1 39 -27 5.9 -2.1
EWH iShares MSCI Hong Kong ETF 6.1 50 -38 5.6 -2.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.0 60 -48 6.0 -2.0
GWX SPDR S&P International Small Cap ETF 5.8 40 -28 6.3 -1.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 5.7 8 4 6.9 -1.1
EWA iShares MSCI Australia ETF 5.6 50 -38 5.9 -2.1
IPAC iShares Core MSCI Pacific ETF 5.5 9 3 6.7 -1.3
SPRE SP Funds S&P Global REIT Sharia ETF 5.5 55 -43 6.1 -1.9
SDG iShares MSCI Global Sustainable Development Goals ETF 5.4 49 -37 6.4 -1.6
INDS Pacer Industrial Real Estate ETF 5.2 55 -43 6.8 -1.2
GVAL Cambria Global Value ETF 5.1 68 -56 11.3 +3.3
ISCF iShares International SmallCap Equity Factor ETF 5.1 23 -11 8.4 +0.4
VPL Vanguard FTSE Pacific ETF 5.0 7 5 7.1 -0.8
SRET Global X SuperDividend REIT ETF 4.8 59 -47 12.3 +4.3
DVYA iShares Asia/Pacific Dividend ETF 4.5 49 -37 8.6 +0.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.5 58 -46 9.0 +1.0
EWJV iShares MSCI Japan Value ETF 4.4 15 -3 9.4 +1.4
EWUS iShares MSCI United Kingdom Small Cap ETF 4.3 59 -47 7.2 -0.8
FID First Trust S&P International Dividend Aristocrats ETF 4.3 60 -48 8.2 +0.3
WDIV SPDR S&P Global Dividend ETF 4.3 40 -28 9.6 +1.6
AIVI WisdomTree International AI Enhanced Value Fund 4.2 58 -46 7.4 -0.6
DTH WisdomTree International High Dividend Fund 4.1 58 -46 9.0 +1.0
EWX SPDR S&P Emerging Markets Small Cap ETF 4.1 65 -53 8.2 +0.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.9 70 -58 7.8 -0.2
RCGE RockCreek Global Equality ETF 3.9 95 -83 6.4 -1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 3.8 12 0 5.5 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.8 78 -66 9.4 +1.4
FLJP Franklin FTSE Japan ETF 3.6 9 3 6.6 -1.4
UAE iShares MSCI UAE ETF 3.6 59 -47 0.0 -8.0
FLJH Franklin FTSE Japan Hedged ETF 3.6 9 3 6.6 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.4 12 0 5.3 -2.7
BLLD JPMorgan Sustainable Infrastructure ETF 3.3 49 -37 6.1 -1.9
VSGX Vanguard ESG International Stock ETF 3.2 10 2 7.9 -0.1
EFV iShares MSCI EAFE Value ETF 3.2 34 -22 9.4 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -38 5.8 -2.2
IEFA iShares Core MSCI EAFE ETF 3.1 7 5 7.2 -0.8
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -46 8.5 +0.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.0 22 -10 5.7 -2.3
INTF iShares International Equity Factor ETF 3.0 15 -3 7.9 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.0 39 -27 8.2 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.0 59 -47 11.9 +3.9
DFEV Dimensional Emerging Markets Value ETF 2.9 43 -31 13.5 +5.5
DWM WisdomTree International Equity Fund 2.9 48 -36 7.5 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.9 40 -28 7.6 -0.4
FDEV Fidelity International Multifactor ETF 2.9 18 -6 7.4 -0.6
UIVM VictoryShares International Value Momentum ETF 2.9 35 -23 9.0 +1.0
IDEV iShares Core MSCI International Developed Markets ETF 2.9 4 8 7.2 -0.8
INEQ Columbia International Equity Income ETF 2.8 45 -33 8.3 +0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.8 80 -68 9.9 +1.9
VEA Vanguard FTSE Developed Markets ETF 2.7 3 9 7.3 -0.7
JPXN iShares JPX-Nikkei 400 ETF 2.7 48 -36 7.0 -1.0
DFIS Dimensional International Small Cap ETF 2.7 39 -27 7.4 -0.6
EFAS Global X MSCI SuperDividend EAFE ETF 2.7 57 -45 8.5 +0.5
WWJD Inspire International ETF 2.7 80 -68 7.4 -0.6
FIDI Fidelity International High Dividend ETF 2.6 18 -6 9.1 +1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 -46 9.9 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 9 7.2 -0.8
VXUS Vanguard Total International Stock ETF 2.6 5 7 8.1 +0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 -8 7.2 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 2.6 19 -7 7.1 -0.9
IQSI IQ Candriam International Equity ETF 2.6 15 -3 6.6 -1.4
JHID John Hancock International High Dividend ETF 2.5 46 -34 9.9 +1.9
IXUS iShares Core MSCI Total International Stock ETF 2.5 7 5 8.0 +0.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.5 24 -12 7.6 -0.4
BLDG Cambria Global Real Estate ETF 2.5 60 -48 12.1 +4.2
AVDS Avantis International Small Cap Equity ETF 2.4 30 -18 7.6 -0.4
DISV Dimensional International Small Cap Value ETF 2.4 42 -30 9.6 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.3 29 -17 8.0 -0.0
EWJ iShares MSCI Japan ETF 2.3 50 -38 6.6 -1.4
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 -7 9.5 +1.5
SCHF Schwab International Equity ETF 2.2 6 6 7.4 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.2 39 -27 6.7 -1.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.2 41 -29 9.0 +1.0
EWS iShares MSCI Singapore ETF 2.2 50 -38 5.3 -2.7
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 -3 7.7 -0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.2 47 -35 6.8 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 8 8.2 +0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 -20 5.9 -2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 -2 6.3 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 -8 7.0 -1.0
EIS iShares MSCI Israel ETF 2.1 58 -46 7.8 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.1 45 -33 9.0 +1.0
AVSD Avantis Responsible International Equity ETF 2.0 23 -11 5.7 -2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -30 10.0 +2.0
DWMF WisdomTree International Multifactor Fund 2.0 38 -26 7.0 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.0 20 -8 6.5 -1.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 -55 13.9 +5.9
VWO Vanguard FTSE Emerging Markets ETF 2.0 7 5 10.6 +2.6
FCA First Trust China AlphaDEX Fund 1.9 80 -68 9.1 +1.1
EFA iShares MSCI EAFE ETF 1.9 35 -23 6.9 -1.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.9 20 -8 6.9 -1.1
BKIE BNY Mellon International Equity ETF 1.9 4 8 7.0 -1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 -38 11.5 +3.5
VWID Virtus WMC International Dividend ETF 1.8 49 -37 8.9 +0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.8 39 -27 16.4 +8.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 -58 9.3 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.8 38 -26 9.5 +1.5
FIVA Fidelity International Value Factor ETF 1.8 18 -6 10.3 +2.3
DFIV Dimensional International Value ETF 1.8 27 -15 10.1 +2.1
FEP First Trust Europe AlphaDEX Fund 1.8 80 -68 9.3 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 1.8 7 5 10.7 +2.7
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -67 8.0 +0.0
JHMD John Hancock Multifactor Developed International ETF 1.8 39 -27 7.7 -0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 -18 8.2 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 6.9 -1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 -6 7.7 -0.3
IVLU iShares MSCI Intl Value Factor ETF 1.7 30 -18 10.7 +2.8
ECON Columbia Emerging Markets Consumer ETF 1.7 49 -37 12.5 +4.5
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 -17 6.5 -1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.7 20 -8 6.7 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 3 10.6 +2.6
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 -4 8.5 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 1.7 83 -71 9.7 +1.8
IQLT iShares MSCI Intl Quality Factor ETF 1.7 30 -18 6.2 -1.8
EWG iShares MSCI Germany ETF 1.7 50 -38 6.0 -2.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.7 30 -18 7.1 -0.9
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -35 9.3 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 -32 11.1 +3.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.6 53 -41 7.8 -0.2
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.4 -1.6
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 -23 9.5 +1.6
RODE Hartford Multifactor Diversified International ETF 1.6 29 -17 12.7 +4.7
AVDE Avantis International Equity ETF 1.6 23 -11 7.6 -0.4
IEUR iShares Core MSCI Europe ETF 1.6 11 1 7.3 -0.6
VYMI Vanguard International High Dividend Yield ETF 1.6 17 -5 9.9 +1.9
VGK Vanguard FTSE Europe ETF 1.6 6 6 7.4 -0.6
PPIE Putnam PanAgora ESG International Equity ETF 1.6 49 -37 7.4 -0.6
TPIF Timothy Plan International ETF 1.6 62 -50 6.2 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.5 34 -22 7.9 -0.1
EWK iShares MSCI Belgium ETF 1.5 50 -38 4.6 -3.4
SPEU SPDR Portfolio Europe ETF 1.5 7 5 7.4 -0.6
ISRA VanEck Israel ETF 1.5 59 -47 7.1 -0.9
DFIC Dimensional International Core Equity 2 ETF 1.5 23 -11 7.6 -0.4
BLES Inspire Global Hope ETF 1.5 61 -49 6.9 -1.1
LVHI Franklin International Low Volatility High Dividend Index ET 1.5 40 -28 11.0 +3.0
AVES Avantis Emerging Markets Value ETF 1.5 36 -24 11.7 +3.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 -21 8.7 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 1.5 31 -19 6.3 -1.7
FLGR Franklin FTSE Germany ETF 1.5 9 3 6.7 -1.3
GXC SPDR S&P China ETF 1.5 59 -47 16.3 +8.4
EDIV SPDR S&P Emerging Markets Dividend ETF 1.4 49 -37 12.0 +4.0
ASEA Global X FTSE Southeast Asia ETF 1.4 65 -53 7.2 -0.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -51 13.4 +5.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 1 10.1 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 -29 7.8 -0.2
XCEM Columbia EM Core ex-China ETF 1.4 16 -4 8.2 +0.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -68 14.7 +6.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 -8 5.8 -2.2
FLIN Franklin FTSE India ETF 1.4 19 -7 3.9 -4.1
FKU First Trust United Kingdom AlphaDEX Fund 1.4 80 -68 7.3 -0.7
SCHE Schwab Emerging Markets Equity ETF 1.4 11 1 11.2 +3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 -24 9.9 +1.9
AVDV Avantis International Small Cap Value ETF 1.3 36 -24 10.2 +2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 -35 8.5 +0.5
FLCH Franklin FTSE China ETF 1.3 19 -7 16.7 +8.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 11.2 +3.2
IDV iShares International Select Dividend ETF 1.3 51 -39 11.2 +3.2
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 -5 13.3 +5.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 -54 10.0 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.3 30 -18 10.4 +2.4
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 -18 7.8 -0.2
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 7.3 -0.7
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 -13 7.8 -0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 6.8 -1.2
EWQ iShares MSCI France ETF 1.3 53 -41 7.2 -0.8
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 -63 8.8 +0.8
INDA iShares MSCI India ETF 1.3 65 -53 4.4 -3.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 49 -37 16.1 +8.1
EUDV ProShares MSCI Europe Dividend Growers ETF 1.3 55 -43 5.8 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.3 36 -24 7.9 -0.1
DAX Global X DAX Germany ETF 1.3 21 -9 6.4 -1.6
FEUZ First Trust Eurozone AlphaDEX ETF 1.2 80 -68 9.2 +1.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 -3 10.4 +2.4
DXIV Dimensional International Vector Equity ETF 1.2 34 -22 8.0 +0.0
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -33 6.6 -1.4
EEM iShares MSCI Emerging Markets ETF 1.2 69 -57 10.4 +2.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.2 9 3 9.3 +1.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 -23 19.4 +11.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 -3 8.2 +0.2
DFE WisdomTree Europe SmallCap Dividend Fund 1.2 58 -46 8.1 +0.1
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 9.3 +1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -68 10.1 +2.1
SDIV Global X Superdividend ETF 1.2 58 -46 41.6 +33.6
JIRE JPMorgan International Research Enhanced Equity ETF 1.1 24 -12 7.1 -0.9
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 9.8 +1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.1 45 -33 7.2 -0.8
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 12.1 +4.1
KALL KraneShares MSCI All China Index ETF 1.1 49 -37 14.7 +6.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 -13 7.3 -0.7
GLOF iShares Global Equity Factor ETF 1.1 20 -8 6.8 -1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 -21 10.1 +2.1
MCHI iShares MSCI China ETF 1.1 59 -47 17.7 +9.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 -20 6.9 -1.1
EWW iShares MSCI Mexico ETF 1.1 50 -38 10.3 +2.3
PIN Invesco India ETF 1.1 78 -66 4.3 -3.7
BKF iShares MSCI BIC ETF 1.0 69 -57 13.2 +5.3
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 -20 6.1 -1.9
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 3 8.1 +0.1
FLSW Franklin FTSE Switzerland ETF 1.0 9 3 6.3 -1.7
FEOE First Eagle Overseas Equity ETF 1.0 79 -67 8.3 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 -13 9.7 +1.7
EWD iShares MSCI Sweden ETF 1.0 54 -42 5.5 -2.5
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 2 6.1 -1.9
VT Vanguard Total World Stock ETF 0.9 6 6 6.0 -2.0
EPI WisdomTree India Earnings Fund 0.9 85 -73 4.8 -3.2
WLDR Affinity World Leaders Equity ETF 0.9 67 -55 7.8 -0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 -20 9.3 +1.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -37 9.6 +1.6
CGDG Capital Group Dividend Growers ETF 0.9 47 -35 6.2 -1.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 -20 17.5 +9.5
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 7.9 -0.1
FXI iShares China Large-Cap ETF 0.9 74 -62 17.0 +9.0
EZU iShares MSCI Eurozone ETF 0.9 52 -40 6.7 -1.3
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 7.4 -0.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -68 11.4 +3.4
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 -13 12.0 +4.0
EMM Global X Emerging Markets ex-China ETF 0.9 75 -63 6.0 -2.0
FENI Fidelity Enhanced International ETF 0.9 28 -16 6.7 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 -13 7.2 -0.8
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.2 -2.8
FLEE Franklin FTSE Europe ETF 0.8 9 3 7.4 -0.6
EWL iShares MSCI Switzerland ETF 0.8 50 -38 6.1 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 8.3 +0.3
EPHE iShares MSCI Philippines ETF 0.8 59 -47 0.0 -8.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 -37 10.2 +2.2
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 5.1 -2.9
IGRO iShares International Dividend Growth ETF 0.8 15 -3 7.2 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 -18 10.0 +2.0
KSA iShares MSCI Saudi Arabia ETF 0.8 74 -62 0.0 -8.0
BKCI BNY Mellon Concentrated International ETF 0.7 80 -68 5.0 -3.0
STXE Strive Emerging Markets Ex-China ETF 0.7 32 -20 7.9 -0.1
SMIN iShares MSCI India Small Cap ETF 0.7 79 -67 3.6 -4.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 -18 5.4 -2.6
FLLA Franklin FTSE Latin America ETF 0.7 19 -7 13.7 +5.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 -37 10.5 +2.5
FLN First Trust Latin America AlphaDEX Fund 0.7 80 -68 10.5 +2.6
IEV iShares Europe ETF 0.7 67 -55 6.9 -1.1
VIDI Vident International Equity Strategy ETF 0.7 61 -49 11.5 +3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 -8 10.7 +2.7
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 -47 12.0 +4.0
EWU iShares MSCI United Kingdom ETF 0.7 50 -38 8.6 +0.6
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 -37 10.6 +2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 7.0 -1.0
FJP First Trust Japan AlphaDEX Fund 0.6 80 -68 9.1 +1.1
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.9 -2.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 10.6 +2.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 -21 8.7 +0.8
FLMX Franklin FTSE Mexico ETF 0.6 19 -7 10.7 +2.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 7.3 -0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 -30 5.5 -2.5
EFG iShares MSCI EAFE Growth ETF 0.6 36 -24 4.3 -3.7
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 9.7 +1.7
STXI Strive International Developed Markets ETF 0.6 29 -17 7.0 -1.0
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 -46 9.1 +1.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -68 12.4 +4.4
DEW WisdomTree Global High Dividend Fund 0.6 58 -46 8.8 +0.8
AVIV Avantis International Large Cap Value ETF 0.6 25 -13 9.0 +1.0
JIG JPMorgan International Growth ETF 0.6 55 -43 4.7 -3.3
ACWI iShares MSCI ACWI ETF 0.6 32 -20 5.7 -2.3
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 -13 5.4 -2.6
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -8.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 5.9 -2.1
AIA iShares Asia 50 ETF 0.5 50 -38 13.4 +5.4
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -53 5.1 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 -17 8.8 +0.9
CGGO Capital Group Global Growth Equity ETF 0.5 47 -35 4.7 -3.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -58 4.7 -3.3
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 7.0 -1.0
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 8.0 0.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.5 58 -46 7.9 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 7.2 -0.8
URTH iShares MSCI World ETF 0.5 24 -12 5.3 -2.7
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 -13 10.2 +2.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 -22 5.9 -2.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -78 7.7 -0.3
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -37 19.1 +11.2
ILF iShares Latin America 40 ETF 0.4 48 -36 13.2 +5.2
BINV Brandes International ETF 0.4 70 -58 9.7 +1.8
DIHP Dimensional International High Profitability ETF 0.4 29 -17 7.2 -0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 -13 6.5 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.3 -2.7
TOK iShares MSCI Kokusai ETF 0.4 26 -14 5.2 -2.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 -33 10.8 +2.8
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 6.1 -1.9
NDIA Global X India Active ETF 0.3 75 -63 4.6 -3.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.8 -4.2
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 4.4 -3.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 6.9 -1.1
FGM First Trust Germany AlphaDEX Fund 0.3 80 -68 6.2 -1.8
AGNG Global X Aging Population ETF 0.3 50 -38 4.9 -3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -28 7.1 -0.9
FRDM Freedom 100 Emerging Markets ETF 0.3 49 -37 8.8 +0.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -76 9.4 +1.4
MCH Matthews China Active ETF 0.3 79 -67 15.1 +7.1
EFNL iShares MSCI Finland ETF 0.3 56 -44 7.2 -0.8
QAT iShares MSCI Qatar ETF 0.3 59 -47 47.1 +39.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -53 6.0 -2.0
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 4.3 -3.7
PTEC Global X PropTech ETF 0.2 50 -38 1.8 -6.2
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -53 7.7 -0.3
GLIN VanEck India Growth Leaders ETF 0.2 77 -65 6.3 -1.7
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.8 -3.2
AFK VanEck Africa Index ETF 0.2 98 -86 12.1 +4.1
EWT iShares MSCI Taiwan ETF 0.2 58 -46 6.5 -1.5
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 6.7 -1.3
EWO iShares MSCI Austria ETF 0.2 50 -38 11.3 +3.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 6.0 -2.0
FPXI First Trust International Equity Opportunities ETF 0.2 70 -58 3.4 -4.6
EYLD Cambria Emerging Shareholder Yield ETF 0.2 66 -54 12.5 +4.5
EIDO iShares MSCI Indonesia ETF 0.2 59 -47 9.9 +1.9
QINT American Century Quality Diversified International ETF 0.1 39 -27 7.4 -0.6
ECH iShares MSCI Chile ETF 0.1 58 -46 9.1 +1.1
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 -47 7.4 -0.6
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 -7 6.7 -1.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 6.6 -1.4
IDX VanEck Indonesia Index ETF 0.1 57 -45 9.6 +1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 -30 6.7 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.8 -2.2
ENZL iShares MSCI New Zealand ETF 0.1 50 -38 3.6 -4.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 12.9 +4.9
TUR iShares MSCI Turkey ETF 0.1 58 -46 22.3 +14.3
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 7.9 -0.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 4.2 -3.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.1 +3.1
ENOR iShares MSCI Norway ETF 0.1 53 -41 10.1 +2.1
NORW Global X MSCI Norway ETF 0.1 50 -38 10.1 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 5.9 -2.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 10.7 +2.7
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -43 13.7 +5.7
EWN iShares MSCI Netherlands ETF 0.1 50 -38 5.4 -2.6
EIRL iShares MSCI Ireland ETF 0.1 50 -38 8.8 +0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -46 7.0 -1.0
GREK Global X MSCI Greece ETF 0.1 57 -45 10.5 +2.6
CNYA iShares MSCI China A ETF 0.1 60 -48 7.1 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -30 7.0 -1.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 8.2 +0.2
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 15.3 +7.3
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -68 8.7 +0.7

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 6.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.57
 
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.