Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 2.3x
P/BV
ratio		 0.8x 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) $3,094
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 686
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 4.2 %
DEUTSCHE ANNINGTON IMMOBILIE 2.9 %
MITSUI FUDOSAN CO LTD 2.9 %
DAIWA HOUSE INDUSTRY CO LTD 2.3 %
MITSUBISHI ESTATE CO LTD 2.3 %
EMAAR PROPERTIES PJSC 2.1 %
SUMITOMO REALTY & DEVELOPMNT 1.9 %
SUN HUNG KAI PROPERTIES 1.6 %
LINK REIT 1.4 %
SCENTRE GROUP 1.3 %
Total 23.0 %

TOP COUNTRY EXPOSURE
JAPAN 22.6 %
AUSTRALIA 11.1 %
HONG KONG 8.8 %
BRITAIN 6.3 %
SINGAPORE 5.4 %
GERMANY 4.1 %
UAE 3.4 %
SWITZERLAND 2.8 %
SWEDEN 2.6 %
INDIA 2.4 %

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.
8.4% 5.6% 1.6% 0.3% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.78 43%
MSCI EAFE 0.98 71%
MSCI Emg. Mkts. 0.97 70%

Technical Indicators
Recent close $43.44
30d moving avg. $41.58
Annualized volatility 19.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 453
Turnover 0.6%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 358 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
(%)
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 73.1 10 2 8.4 +0.1
IFGL iShares International Developed Real Estate ETF 64.0 48 -36 7.3 -1.0
RWX SPDR Dow Jones International Real Estate ETF 41.0 59 -47 7.1 -1.2
ERET iShares Environmentally Aware Real Estate ETF 35.0 30 -18 7.5 -0.9
VGSR Vert Global Sustainable Real Estate ETF 29.7 47 -35 7.2 -1.1
RWO SPDR Dow Jones Global Real Estate ETF 27.3 50 -38 7.0 -1.4
REET iShares Global REIT ETF 25.9 14 -2 7.5 -0.8
AVRE Avantis Real Estate ETF 23.7 17 -5 7.1 -1.3
DFGR Dimensional Global Real Estate ETF 23.7 22 -10 7.4 -0.9
GQRE FlexShares Global Quality Real Estate Index Fund 21.6 45 -33 7.8 -0.5
IQRA IQ CBRE Real Assets ETF 12.3 65 -53 5.7 -2.6
SCZ iShares MSCI EAFE Small-Cap ETF 9.9 40 -28 7.4 -1.0
SCJ iShares MSCI Japan Small-Cap ETF 9.3 50 -38 7.3 -1.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 9.0 49 -37 7.4 -0.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.7 19 -7 6.2 -2.1
DIM WisdomTree International MidCap Dividend Fund 8.4 58 -46 7.8 -0.5
EPP iShares MSCI Pacific ex-Japan ETF 8.1 47 -35 5.5 -2.8
IEUS iShares MSCI Europe Small-Cap ETF 7.9 42 -30 7.4 -0.9
RITA ETFB Green SRI REITs ETF 7.9 50 -38 6.2 -2.1
IDLV Invesco S&P International Developed Low Volatility ETF 7.7 25 -13 6.6 -1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 7.6 37 -25 8.8 +0.5
DWX SPDR S&P International Dividend ETF 7.6 45 -33 6.2 -2.1
ERTH Invesco MSCI Sustainable Future ETF 7.2 62 -50 3.5 -4.8
FLHK Franklin FTSE Hong Kong ETF 7.1 9 3 7.0 -1.3
SCHC Schwab International Small-Cap Equity ETF 6.6 11 1 7.1 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.3 7 5 7.1 -1.2
FLAU Franklin FTSE Australia ETF 6.2 9 3 6.3 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 6.1 39 -27 6.2 -2.2
EWA iShares MSCI Australia ETF 6.1 50 -38 6.0 -2.4
GWX SPDR S&P International Small Cap ETF 5.9 40 -28 6.7 -1.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.9 60 -48 5.9 -2.4
EWH iShares MSCI Hong Kong ETF 5.8 50 -38 6.0 -2.4
IPAC iShares Core MSCI Pacific ETF 5.8 9 3 7.0 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.7 12 0 6.3 -2.1
SDG iShares MSCI Global Sustainable Development Goals ETF 5.6 49 -37 6.3 -2.0
ISCF iShares International SmallCap Equity Factor ETF 5.3 23 -11 8.7 +0.4
SPRE SP Funds S&P Global REIT Sharia ETF 5.2 55 -43 6.0 -2.4
VPL Vanguard FTSE Pacific ETF 5.2 8 4 7.5 -0.8
INDS Pacer Industrial Real Estate ETF 5.2 55 -43 6.7 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.0 80 -68 5.5 -2.8
SRET Global X SuperDividend REIT ETF 4.7 59 -47 12.4 +4.1
EWJV iShares MSCI Japan Value ETF 4.7 15 -3 9.6 +1.3
GVAL Cambria Global Value ETF 4.5 68 -56 11.1 +2.8
RCGE RockCreek Global Equality ETF 4.4 95 -83 6.4 -1.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.4 58 -46 8.7 +0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 4.3 65 -53 8.2 -0.1
DVYA iShares Asia/Pacific Dividend ETF 4.3 49 -37 8.7 +0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 4.3 59 -47 7.4 -0.9
FID First Trust S&P International Dividend Aristocrats ETF 4.2 60 -48 8.5 +0.2
WDIV SPDR S&P Global Dividend ETF 4.2 40 -28 9.7 +1.4
DTH WisdomTree International High Dividend Fund 4.2 58 -46 9.1 +0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.2 70 -58 7.9 -0.4
AIVI WisdomTree International AI Enhanced Value Fund 4.1 58 -46 7.4 -0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 3.9 12 0 5.5 -2.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.8 78 -66 9.9 +1.6
FLJP Franklin FTSE Japan ETF 3.6 9 3 7.0 -1.3
FLJH Franklin FTSE Japan Hedged ETF 3.6 9 3 6.8 -1.6
EFV iShares MSCI EAFE Value ETF 3.4 34 -22 9.4 +1.1
UAE iShares MSCI UAE ETF 3.4 59 -47 0.0 -8.3
VSGX Vanguard ESG International Stock ETF 3.3 12 0 8.0 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 3.2 49 -37 6.2 -2.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -38 5.9 -2.4
INTF iShares International Equity Factor ETF 3.2 15 -3 7.9 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 0 5.3 -3.0
IEFA iShares Core MSCI EAFE ETF 3.1 7 5 7.3 -1.0
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -46 8.8 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.0 39 -27 8.6 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.0 59 -47 12.2 +3.9
DFEV Dimensional Emerging Markets Value ETF 3.0 43 -31 14.0 +5.7
DWM WisdomTree International Equity Fund 2.9 48 -36 7.7 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 2.9 4 8 7.3 -1.1
FDEV Fidelity International Multifactor ETF 2.9 18 -6 7.7 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.9 40 -28 7.7 -0.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.9 80 -68 10.0 +1.6
UIVM VictoryShares International Value Momentum ETF 2.9 35 -23 9.6 +1.3
JPXN iShares JPX-Nikkei 400 ETF 2.8 48 -36 7.4 -0.9
VEA Vanguard FTSE Developed Markets ETF 2.8 5 7 7.5 -0.8
INEQ Columbia International Equity Income ETF 2.8 45 -33 8.7 +0.4
VXUS Vanguard Total International Stock ETF 2.6 7 5 8.2 -0.1
DFIS Dimensional International Small Cap ETF 2.6 39 -27 7.8 -0.5
WWJD Inspire International ETF 2.6 80 -68 7.4 -1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 -46 9.9 +1.6
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 9 7.4 -1.0
FIDI Fidelity International High Dividend ETF 2.6 18 -6 9.2 +0.9
IXUS iShares Core MSCI Total International Stock ETF 2.6 7 5 8.2 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 -8 7.3 -1.1
BBJP JPMorgan BetaBuilders Japan ETF 2.6 19 -7 7.5 -0.8
IQSI IQ Candriam International Equity ETF 2.6 15 -3 6.7 -1.6
JHID John Hancock International High Dividend ETF 2.5 46 -34 11.0 +2.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.5 24 -12 7.7 -0.6
EWJ iShares MSCI Japan ETF 2.4 50 -38 6.9 -1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.3 29 -17 8.1 -0.3
SCHF Schwab International Equity ETF 2.3 6 6 7.6 -0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.3 41 -29 9.4 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 -7 9.8 +1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.3 39 -27 6.9 -1.4
DISV Dimensional International Small Cap Value ETF 2.2 42 -30 9.8 +1.5
EFAS Global X MSCI SuperDividend EAFE ETF 2.2 57 -45 8.4 +0.0
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 -3 7.5 -0.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.2 22 -10 5.8 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 8 4 8.4 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.2 45 -33 9.2 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.2 47 -35 6.9 -1.4
EWS iShares MSCI Singapore ETF 2.1 50 -38 5.2 -3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 -20 6.0 -2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 -2 6.4 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 -8 7.2 -1.2
VWO Vanguard FTSE Emerging Markets ETF 2.1 8 4 10.9 +2.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.0 20 -8 6.5 -1.8
DWMF WisdomTree International Multifactor Fund 2.0 38 -26 7.0 -1.3
AVSD Avantis Responsible International Equity ETF 2.0 23 -11 5.9 -2.5
ESGD iShares ESG Aware MSCI EAFE ETF 2.0 20 -8 7.0 -1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.0 39 -27 16.8 +8.5
EFA iShares MSCI EAFE ETF 2.0 35 -23 7.0 -1.3
FCA First Trust China AlphaDEX Fund 1.9 80 -68 10.1 +1.8
BLDG Cambria Global Real Estate ETF 1.9 60 -48 12.2 +3.9
DFIV Dimensional International Value ETF 1.9 27 -15 10.2 +1.9
BKIE BNY Mellon International Equity ETF 1.9 4 8 7.3 -1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 -26 9.9 +1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.9 70 -58 9.7 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 -38 11.8 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 1.8 7 5 10.8 +2.4
VWID Virtus WMC International Dividend ETF 1.8 49 -37 8.9 +0.5
EIS iShares MSCI Israel ETF 1.8 58 -46 8.2 -0.1
FIVA Fidelity International Value Factor ETF 1.8 18 -6 10.5 +2.2
IVLU iShares MSCI Intl Value Factor ETF 1.8 30 -18 11.0 +2.7
IQLT iShares MSCI Intl Quality Factor ETF 1.8 30 -18 6.3 -2.1
FEP First Trust Europe AlphaDEX Fund 1.8 80 -68 9.6 +1.3
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -67 8.3 +0.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 -18 8.4 +0.1
JHMD John Hancock Multifactor Developed International ETF 1.8 39 -27 7.8 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 1.8 9 3 10.8 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 6.7 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 -6 8.0 -0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 -17 6.7 -1.6
ECON Columbia Emerging Markets Consumer ETF 1.7 49 -37 13.0 +4.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.7 20 -8 6.7 -1.6
EWG iShares MSCI Germany ETF 1.7 50 -38 6.3 -2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.7 83 -71 9.8 +1.5
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 -23 10.0 +1.7
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.6 -1.7
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -35 9.3 +1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 -32 10.8 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.6 34 -22 8.0 -0.3
RODE Hartford Multifactor Diversified International ETF 1.6 29 -17 11.0 +2.7
AVDE Avantis International Equity ETF 1.6 23 -11 7.9 -0.4
IEUR iShares Core MSCI Europe ETF 1.6 11 1 7.4 -0.9
VYMI Vanguard International High Dividend Yield ETF 1.6 22 -10 9.9 +1.6
PPIE Putnam PanAgora ESG International Equity ETF 1.6 49 -37 7.6 -0.7
TPIF Timothy Plan International ETF 1.6 62 -50 6.4 -1.9
VGK Vanguard FTSE Europe ETF 1.6 11 1 7.4 -0.9
EWK iShares MSCI Belgium ETF 1.5 50 -38 4.7 -3.7
DFIC Dimensional International Core Equity 2 ETF 1.5 23 -11 7.8 -0.5
SPEU SPDR Portfolio Europe ETF 1.5 7 5 7.4 -0.9
LDEM iShares ESG MSCI EM Leaders ETF 1.5 17 -5 13.7 +5.4
BLES Inspire Global Hope ETF 1.5 61 -49 6.9 -1.4
GXC SPDR S&P China ETF 1.5 59 -47 17.1 +8.7
LVHI Franklin International Low Volatility High Dividend Index ET 1.5 40 -28 10.8 +2.5
AVES Avantis Emerging Markets Value ETF 1.5 36 -24 12.0 +3.7
NUDM Nuveen ESG International Developed Markets Equity ETF 1.5 31 -19 6.5 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 -8 5.9 -2.4
FLGR Franklin FTSE Germany ETF 1.5 9 3 6.8 -1.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -68 15.1 +6.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.4 49 -37 11.8 +3.5
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -51 13.5 +5.2
SCHE Schwab Emerging Markets Equity ETF 1.4 11 1 11.5 +3.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 1 10.4 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 -29 7.7 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.4 30 -18 7.1 -1.2
XCEM Columbia EM Core ex-China ETF 1.4 16 -4 8.3 -0.0
FLIN Franklin FTSE India ETF 1.4 19 -7 3.9 -4.5
ASEA Global X FTSE Southeast Asia ETF 1.4 65 -53 6.8 -1.5
FKU First Trust United Kingdom AlphaDEX Fund 1.4 80 -68 7.6 -0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 -24 10.2 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 -18 10.7 +2.4
FLCH Franklin FTSE China ETF 1.4 19 -7 17.4 +9.1
AVDV Avantis International Small Cap Value ETF 1.3 36 -24 10.6 +2.2
ISRA VanEck Israel ETF 1.3 59 -47 7.4 -0.9
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 7.5 -0.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 -13 7.8 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 -54 10.3 +2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 -35 8.6 +0.2
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 -18 8.0 -0.4
EWQ iShares MSCI France ETF 1.3 53 -41 7.1 -1.2
IDV iShares International Select Dividend ETF 1.3 51 -39 12.0 +3.7
SDIV Global X Superdividend ETF 1.3 58 -46 42.2 +33.9
NUEM Nuveen ESG Emerging Markets Equity ETF 1.3 36 -24 8.1 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 1.3 80 -68 9.6 +1.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 12.3 +4.0
EEM iShares MSCI Emerging Markets ETF 1.3 69 -57 10.6 +2.3
IMTM iShares MSCI Intl Momentum Factor ETF 1.3 30 -18 5.5 -2.8
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 -4 8.5 +0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 6.8 -1.5
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 5.8 -2.5
DAX Global X DAX Germany ETF 1.2 21 -9 6.6 -1.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 -3 10.7 +2.4
INDA iShares MSCI India ETF 1.2 65 -53 4.3 -4.0
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -33 6.8 -1.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.2 9 3 9.3 +1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 -3 8.5 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 -37 16.6 +8.3
DFE WisdomTree Europe SmallCap Dividend Fund 1.2 58 -46 8.2 -0.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -68 10.5 +2.2
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 9.4 +1.1
EMC Global X Emerging Markets Great Consumer ETF 1.2 75 -63 8.2 -0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 -23 20.5 +12.2
ECNS iShares MSCI China Small-Cap ETF 1.2 59 -47 10.9 +2.6
JIRE JPMorgan International Research Enhanced Equity ETF 1.1 24 -12 7.4 -1.0
KALL KraneShares MSCI All China Index ETF 1.1 49 -37 14.9 +6.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.1 45 -33 6.7 -1.6
MCHI iShares MSCI China ETF 1.1 59 -47 18.3 +9.9
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 12.2 +3.8
GLOF iShares Global Equity Factor ETF 1.1 20 -8 6.9 -1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 -13 7.8 -0.5
PIN Invesco India ETF 1.1 78 -66 4.2 -4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 -20 6.9 -1.5
EWW iShares MSCI Mexico ETF 1.1 50 -38 9.3 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 -21 10.5 +2.2
FNDF Schwab Fundamental International Large Co. Index ETF 1.1 25 -13 10.0 +1.7
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 -20 6.1 -2.3
BKF iShares MSCI BIC ETF 1.0 69 -57 13.5 +5.1
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 3 8.2 -0.1
FLSW Franklin FTSE Switzerland ETF 1.0 9 3 6.2 -2.1
EWD iShares MSCI Sweden ETF 1.0 54 -42 5.4 -2.9
VT Vanguard Total World Stock ETF 1.0 7 5 6.2 -2.2
VIGI Vanguard International Dividend Appreciation ETF 1.0 15 -3 6.2 -2.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 -37 9.9 +1.6
FXI iShares China Large-Cap ETF 1.0 74 -62 18.5 +10.1
EPI WisdomTree India Earnings Fund 1.0 85 -73 4.7 -3.6
CGDG Capital Group Dividend Growers ETF 0.9 47 -35 6.3 -2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 -20 18.4 +10.1
WLDR Affinity World Leaders Equity ETF 0.9 67 -55 7.9 -0.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 -20 9.5 +1.2
EMM Global X Emerging Markets ex-China ETF 0.9 75 -63 6.0 -2.3
EZU iShares MSCI Eurozone ETF 0.9 52 -40 6.8 -1.5
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 8.0 -0.3
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -63 5.1 -3.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -68 12.3 +4.0
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 7.5 -0.9
IGRO iShares International Dividend Growth ETF 0.9 15 -3 7.3 -1.0
FENI Fidelity Enhanced International ETF 0.9 28 -16 6.9 -1.4
EPHE iShares MSCI Philippines ETF 0.8 59 -47 0.0 -8.3
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 4.9 -3.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 -13 7.4 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 -37 10.6 +2.3
FLEE Franklin FTSE Europe ETF 0.8 9 3 7.3 -1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 8.4 +0.1
EWL iShares MSCI Switzerland ETF 0.8 50 -38 6.0 -2.4
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 -13 12.2 +3.9
KLMT Invesco MSCI Global Climate 500 ETF 0.8 10 2 6.0 -2.3
FEOE First Eagle Overseas Equity ETF 0.8 79 -67 8.4 +0.0
KSA iShares MSCI Saudi Arabia ETF 0.8 74 -62 0.0 -8.3
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 3.6 -4.7
BKCI BNY Mellon Concentrated International ETF 0.7 80 -68 5.1 -3.3
FLLA Franklin FTSE Latin America ETF 0.7 19 -7 13.2 +4.9
STXE Strive Emerging Markets Ex-China ETF 0.7 32 -20 7.9 -0.4
VIDI Vident International Equity Strategy ETF 0.7 61 -49 11.3 +3.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 -37 10.5 +2.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 -8 10.6 +2.3
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 -47 12.1 +3.8
IVAL Alpha Architect International Quantitative Value ETF 0.7 49 -37 11.5 +3.2
FLN First Trust Latin America AlphaDEX Fund 0.7 80 -68 10.1 +1.7
IEV iShares Europe ETF 0.7 67 -55 6.9 -1.4
FJP First Trust Japan AlphaDEX Fund 0.7 80 -68 10.1 +1.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 10.1 +1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 6.6 -1.7
EWU iShares MSCI United Kingdom ETF 0.7 50 -38 8.6 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 10.9 +2.6
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 9.7 +1.4
FLMX Franklin FTSE Mexico ETF 0.6 19 -7 9.5 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 7.4 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 -30 5.6 -2.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -68 11.9 +3.6
ACWI iShares MSCI ACWI ETF 0.6 32 -20 5.8 -2.5
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 -46 9.1 +0.7
STXI Strive International Developed Markets ETF 0.6 29 -17 7.1 -1.2
FLSA Franklin FTSE Saudi Arabia ETF 0.6 39 -27 0.0 -8.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 3 6.1 -2.3
DEW WisdomTree Global High Dividend Fund 0.6 58 -46 8.8 +0.5
AVIV Avantis International Large Cap Value ETF 0.6 25 -13 9.1 +0.8
JIG JPMorgan International Growth ETF 0.6 55 -43 4.7 -3.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 8.5 +0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.5 58 -46 8.2 -0.1
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 -13 5.5 -2.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.5 67 -55 13.7 +5.4
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -53 5.3 -3.1
CGGO Capital Group Global Growth Equity ETF 0.5 47 -35 4.9 -3.5
URTH iShares MSCI World ETF 0.5 24 -12 5.4 -2.9
AIA iShares Asia 50 ETF 0.5 50 -38 14.3 +6.0
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 6.8 -1.5
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 7.2 -1.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 -22 6.0 -2.3
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -37 18.6 +10.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -78 8.1 -0.3
DIHP Dimensional International High Profitability ETF 0.4 29 -17 7.3 -1.0
TOK iShares MSCI Kokusai ETF 0.4 26 -14 5.3 -3.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.4 -2.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 -33 10.7 +2.4
ILF iShares Latin America 40 ETF 0.4 48 -36 13.0 +4.7
BINV Brandes International ETF 0.4 70 -58 9.9 +1.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 -13 6.4 -1.9
EFG iShares MSCI EAFE Growth ETF 0.3 36 -24 4.4 -3.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.3 29 -17 8.5 +0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 7.0 -1.3
FRDM Freedom 100 Emerging Markets ETF 0.3 49 -37 8.8 +0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -28 7.2 -1.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.8 -4.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 4.6 -3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -76 9.7 +1.4
MCH Matthews China Active ETF 0.3 79 -67 15.8 +7.5
AGNG Global X Aging Population ETF 0.3 50 -38 5.0 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 6.2 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 4.5 -3.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -53 6.1 -2.2
FGM First Trust Germany AlphaDEX Fund 0.3 80 -68 8.3 -0.1
QAT iShares MSCI Qatar ETF 0.3 59 -47 41.8 +33.5
NDIA Global X India Active ETF 0.3 75 -63 4.6 -3.8
EFNL iShares MSCI Finland ETF 0.3 56 -44 7.2 -1.1
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -53 7.5 -0.8
ECH iShares MSCI Chile ETF 0.2 58 -46 8.5 +0.2
GLIN VanEck India Growth Leaders ETF 0.2 77 -65 6.2 -2.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -58 4.9 -3.4
PTEC Global X PropTech ETF 0.2 50 -38 1.6 -6.7
EWT iShares MSCI Taiwan ETF 0.2 58 -46 6.5 -1.8
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 6.7 -1.7
AFK VanEck Africa Index ETF 0.2 98 -86 12.3 +4.0
FPXI First Trust International Equity Opportunities ETF 0.2 70 -58 3.6 -4.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 6.0 -2.3
EWO iShares MSCI Austria ETF 0.2 50 -38 11.2 +2.9
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 -13 10.5 +2.2
EYLD Cambria Emerging Shareholder Yield ETF 0.2 66 -54 13.2 +4.9
EIDO iShares MSCI Indonesia ETF 0.2 59 -47 7.7 -0.6
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -47 7.8 -0.5
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -77 4.5 -3.9
QINT American Century Quality Diversified International ETF 0.1 39 -27 7.6 -0.8
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 -7 6.8 -1.6
IDX VanEck Indonesia Index ETF 0.1 57 -45 7.6 -0.8
ENZL iShares MSCI New Zealand ETF 0.1 50 -38 3.6 -4.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 -30 6.7 -1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.8 -2.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 7.8 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 13.0 +4.7
TUR iShares MSCI Turkey ETF 0.1 58 -46 20.8 +12.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 6.7 -1.7
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 12.2 +3.8
ENOR iShares MSCI Norway ETF 0.1 53 -41 10.2 +1.9
NORW Global X MSCI Norway ETF 0.1 50 -38 10.2 +1.9
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 11.5 +3.2
EWN iShares MSCI Netherlands ETF 0.1 50 -38 5.6 -2.7
CNYA iShares MSCI China A ETF 0.1 60 -48 7.0 -1.3
EIRL iShares MSCI Ireland ETF 0.1 50 -38 8.8 +0.5
GREK Global X MSCI Greece ETF 0.1 57 -45 11.5 +3.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -46 6.8 -1.5
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -43 14.5 +6.2
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.1 55 -43 8.1 -0.2
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -30 7.1 -1.2
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 15.3 +7.0
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -68 8.8 +0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 8.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.55
 
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.