Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 2.1x
P/BV
ratio		 0.8x Div.
yield		 4.5%


  • 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) $3,200
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 710
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 4.0 %
MITSUBISHI ESTATE CO LTD 2.8 %
MITSUI FUDOSAN CO LTD 2.6 %
SUN HUNG KAI PROPERTIES 2.3 %
SUMITOMO REALTY & DEVELOPMNT 1.9 %
DEUTSCHE ANNINGTON IMMOBILIE 1.9 %
EMAAR PROPERTIES PJSC 1.8 %
DAIWA HOUSE INDUSTRY CO LTD 1.8 %
SEGRO PLC 1.7 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 1.4 %
Total 22.0 %

TOP COUNTRY EXPOSURE
JAPAN 20.9 %
AUSTRALIA 10.4 %
HONG KONG 9.9 %
BRITAIN 6.5 %
SINGAPORE 5.7 %
UAE 3.0 %
ISRAEL 2.9 %
SWITZERLAND 2.9 %
GERMANY 2.7 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% -0.5% -1.5% 1.9% 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.64 35%
MSCI EAFE 0.74 69%
MSCI Emg. Mkts. 0.35 39%

Technical Indicators
Recent close $44.95
30d moving avg. $45.68
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 276
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 363 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™: 8.6%


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 62.6 48 -36 7.5 -1.2
RWX SPDR Dow Jones International Real Estate ETF 42.9 59 -47 7.2 -1.5
ERET iShares Environmentally Aware Real Estate ETF 33.0 30 -18 6.9 -1.7
VGSR Vert Global Sustainable Real Estate ETF 29.4 47 -35 7.1 -1.6
RWO SPDR Dow Jones Global Real Estate ETF 25.7 50 -38 6.3 -2.3
AVRE Avantis Real Estate ETF 25.1 17 -5 7.0 -1.7
REET iShares Global REIT ETF 23.9 14 -2 7.0 -1.6
DFGR Dimensional Global Real Estate ETF 23.1 22 -10 7.1 -1.6
GQRE FlexShares Global Quality Real Estate Index Fund 19.9 45 -33 7.4 -1.2
ERTH Invesco MSCI Sustainable Future ETF 11.5 62 -50 3.3 -5.3
IDLV Invesco S&P International Developed Low Volatility ETF 11.1 25 -13 6.2 -2.5
WTRE WisdomTree New Economy Real Estate Fund 10.9 58 -46 -0.3 -9.0
DWX SPDR S&P International Dividend ETF 9.7 45 -33 6.6 -2.0
SCZ iShares MSCI EAFE Small-Cap ETF 8.6 40 -28 5.9 -2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.6 80 -68 5.3 -3.3
JPIN J.P. Morgan Diversified Return International Equity ETF 7.7 37 -25 6.8 -1.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 7.5 19 -7 5.1 -3.6
IEUS iShares MSCI Europe Small-Cap ETF 7.3 42 -30 6.6 -2.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.0 49 -37 5.8 -2.8
SCJ iShares MSCI Japan Small-Cap ETF 6.6 50 -38 5.3 -3.3
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.5 60 -48 5.5 -3.1
DIM WisdomTree International MidCap Dividend Fund 6.5 58 -46 6.1 -2.5
EWH iShares MSCI Hong Kong ETF 6.3 50 -38 5.2 -3.5
INDS Pacer Industrial Real Estate ETF 6.2 55 -43 6.3 -2.3
EPP iShares MSCI Pacific ex-Japan ETF 5.9 47 -35 4.7 -3.9
FLAU Franklin FTSE Australia ETF 5.9 9 3 5.6 -3.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 5.8 8 4 6.2 -2.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.8 12 0 5.2 -3.5
SCHC Schwab International Small-Cap Equity ETF 5.7 11 1 6.4 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 5.4 39 -27 6.5 -2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.1 32 -20 5.2 -3.5
GWX SPDR S&P International Small Cap ETF 5.0 40 -28 5.6 -3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.9 24 -12 6.7 -1.9
GVAL Cambria Global Value ETF 4.9 68 -56 8.0 -0.7
SPRE SP Funds S&P Global REIT Sharia ETF 4.8 55 -43 5.6 -3.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.8 80 -68 7.0 -1.7
ISCF iShares International SmallCap Equity Factor ETF 4.8 23 -11 7.1 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.7 80 -68 6.5 -2.1
EFAS Global X MSCI SuperDividend EAFE ETF 4.7 57 -45 6.9 -1.7
RCGE RockCreek Global Equality ETF 4.4 95 -83 5.8 -2.8
DTH WisdomTree International High Dividend Fund 4.4 58 -46 7.0 -1.7
JHID John Hancock International High Dividend ETF 4.3 46 -34 7.6 -1.0
FID First Trust S&P International Dividend Aristocrats ETF 4.3 60 -48 7.4 -1.2
IPAC iShares Core MSCI Pacific ETF 4.2 9 3 5.2 -3.5
FEP First Trust Europe AlphaDEX Fund 4.2 80 -68 6.6 -2.0
EWUS iShares MSCI United Kingdom Small Cap ETF 4.1 59 -47 7.1 -1.6
SDG iShares MSCI Global Sustainable Development Goals ETF 4.1 49 -37 4.5 -4.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.1 70 -58 6.4 -2.3
EWA iShares MSCI Australia ETF 4.0 50 -38 5.1 -3.6
WDIV SPDR S&P Global Dividend ETF 3.9 40 -28 8.7 +0.1
UIVM VictoryShares International Value Momentum ETF 3.9 35 -23 7.5 -1.1
FEUZ First Trust Eurozone AlphaDEX ETF 3.6 80 -68 6.4 -2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 3.4 65 -53 6.5 -2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.4 29 -17 6.9 -1.8
VPL Vanguard FTSE Pacific ETF 3.4 7 5 4.9 -3.7
DLS WisdomTree International SmallCap Dividend Fund 3.3 58 -46 7.2 -1.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 -38 5.5 -3.1
BLDG Cambria Global Real Estate ETF 3.3 60 -48 11.0 +2.3
BYRE Principal Real Estate Active Opportunities ETF 3.2 65 -53 7.1 -1.5
WSML iShares MSCI World Small-Cap ETF 3.1 15 -3 5.2 -3.4
IQDF FlexShares International Quality Dividend Index Fund 3.0 47 -35 7.1 -1.5
UAE iShares MSCI UAE ETF 3.0 59 -47 0.0 -8.6
EWJV iShares MSCI Japan Value ETF 2.9 15 -3 6.3 -2.3
EIS iShares MSCI Israel ETF 2.9 58 -46 6.6 -2.0
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 -68 7.0 -1.7
FIDI Fidelity International High Dividend ETF 2.8 18 -6 6.9 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.8 12 0 4.4 -4.3
FLJP Franklin FTSE Japan ETF 2.7 9 3 5.1 -3.6
DVYA iShares Asia/Pacific Dividend ETF 2.7 49 -37 6.6 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 -46 8.3 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 2.7 12 0 4.7 -3.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.7 22 -10 5.5 -3.1
FLJH Franklin FTSE Japan Hedged ETF 2.6 9 3 5.0 -3.7
REAI Intelligent Real Estate ETF 2.6 59 -47 5.6 -3.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.5 67 -55 11.9 +3.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.5 42 -30 7.5 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.5 59 -47 8.2 -0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -66 9.1 +0.5
IEFA iShares Core MSCI EAFE ETF 2.5 7 5 5.9 -2.8
AIVI WisdomTree International AI Enhanced Value Fund 2.5 58 -46 5.9 -2.7
VSGX Vanguard ESG International Stock ETF 2.4 10 2 6.3 -2.3
RITA ETFB Green SRI REITs ETF 2.4 50 -38 5.5 -3.2
AVDS Avantis International Small Cap Equity ETF 2.3 30 -18 5.8 -2.9
INTF iShares International Equity Factor ETF 2.3 15 -3 6.3 -2.4
DWM WisdomTree International Equity Fund 2.3 48 -36 5.5 -3.2
EFV iShares MSCI EAFE Value ETF 2.3 34 -22 7.2 -1.5
JIVE JPMorgan International Value ETF 2.3 55 -43 7.7 -0.9
DISV Dimensional International Small Cap Value ETF 2.2 42 -30 7.6 -1.0
IDEV iShares Core MSCI International Developed Markets ETF 2.2 4 8 5.8 -2.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.2 39 -27 6.7 -2.0
JPXN iShares JPX-Nikkei 400 ETF 2.2 48 -36 5.1 -3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.2 40 -28 5.6 -3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.2 39 -27 6.0 -2.6
WWJD Inspire International ETF 2.2 80 -68 6.0 -2.6
IQSI IQ Candriam International Equity ETF 2.1 15 -3 5.4 -3.2
BBJP JPMorgan BetaBuilders Japan ETF 2.1 19 -7 5.0 -3.7
LVHI Franklin International Low Volatility High Dividend Index ET 2.1 40 -28 7.3 -1.3
VEA Vanguard FTSE Developed Markets ETF 2.1 3 9 5.7 -2.9
DFIS Dimensional International Small Cap ETF 2.1 39 -27 5.9 -2.7
SPDW SPDR Portfolio Developed World ex-US ETF 2.0 3 9 5.6 -3.0
INEQ Columbia International Equity Income ETF 2.0 45 -33 7.4 -1.3
VXUS Vanguard Total International Stock ETF 2.0 5 7 6.4 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.0 20 -8 5.5 -3.2
TPIF Timothy Plan International ETF 2.0 62 -50 5.4 -3.2
AVSE Avantis Responsible Emerging Markets Equity ETF 1.9 33 -21 6.4 -2.2
ISRA VanEck Israel ETF 1.9 59 -47 5.9 -2.8
FLLA Franklin FTSE Latin America ETF 1.9 19 -7 10.2 +1.6
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 5 6.4 -2.3
DFEV Dimensional Emerging Markets Value ETF 1.9 43 -31 8.9 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 -20 6.4 -2.3
FGM First Trust Germany AlphaDEX Fund 1.9 80 -68 4.9 -3.7
EWS iShares MSCI Singapore ETF 1.9 50 -38 3.5 -5.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 -51 9.8 +1.1
AVSD Avantis Responsible International Equity ETF 1.8 23 -11 5.8 -2.9
HEWJ iShares Currency Hedged MSCI Japan ETF 1.8 50 -38 5.2 -3.4
FJP First Trust Japan AlphaDEX Fund 1.8 80 -68 7.3 -1.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.8 20 -8 5.6 -3.1
GSID Goldman Sachs MarketBeta International Equity ETF 1.8 20 -8 5.6 -3.0
EWJ iShares MSCI Japan ETF 1.7 50 -38 4.6 -4.1
AVES Avantis Emerging Markets Value ETF 1.7 36 -24 8.8 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.7 47 -35 4.5 -4.1
EUDV ProShares MSCI Europe Dividend Growers ETF 1.7 55 -43 5.8 -2.9
SCHF Schwab International Equity ETF 1.7 6 6 5.7 -2.9
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 -3 5.4 -3.2
EWW iShares MSCI Mexico ETF 1.7 50 -38 8.4 -0.3
BKIE BNY Mellon International Equity ETF 1.7 4 8 17.3 +8.7
SRET Global X SuperDividend REIT ETF 1.6 59 -47 12.9 +4.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.6 80 -68 8.7 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 4 8 6.5 -2.2
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 5 8.9 +0.3
EWK iShares MSCI Belgium ETF 1.6 50 -38 3.8 -4.9
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 -22 5.1 -3.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.5 20 -8 5.4 -3.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 -46 9.2 +0.5
IDMO Invesco S&P International Developed Momentum ETF 1.5 25 -13 4.9 -3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.5 41 -29 6.7 -2.0
FIVA Fidelity International Value Factor ETF 1.5 18 -6 7.0 -1.7
DFIV Dimensional International Value ETF 1.5 27 -15 7.4 -1.3
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 5 9.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.5 45 -33 6.4 -2.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.5 14 -2 5.1 -3.5
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 -7 6.9 -1.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.4 30 -18 5.9 -2.8
HEFA iShares Currency Hedged MSCI EAFE ETF 1.4 35 -23 5.6 -3.0
EFA iShares MSCI EAFE ETF 1.4 35 -23 5.6 -3.1
DFSI Dimensional International Sustainability Core 1 ETF 1.4 24 -12 5.5 -3.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 -32 9.1 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.4 36 -24 5.1 -3.5
FEOE First Eagle Overseas Equity ETF 1.4 79 -67 5.9 -2.7
RAYJ Rayliant SMDAM Japan Equity ETF 1.4 72 -60 3.2 -5.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.4 20 -8 5.5 -3.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.3 80 -68 11.8 +3.2
EWQ iShares MSCI France ETF 1.3 53 -41 6.6 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 -6 6.1 -2.5
IQLT iShares MSCI Intl Quality Factor ETF 1.3 30 -18 5.3 -3.3
IEUR iShares Core MSCI Europe ETF 1.3 11 1 6.3 -2.4
DWMF WisdomTree International Multifactor Fund 1.3 38 -26 6.8 -1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -78 3.4 -5.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.3 33 -21 5.9 -2.8
VGK Vanguard FTSE Europe ETF 1.3 6 6 6.4 -2.2
IVLU iShares MSCI Intl Value Factor ETF 1.3 30 -18 7.7 -1.0
FLCH Franklin FTSE China ETF 1.3 19 -7 18.7 +10.1
FLMX Franklin FTSE Mexico ETF 1.3 19 -7 8.9 +0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 -18 6.2 -2.5
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -11 6.0 -2.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 9.1 +0.5
FRGN Horizon International Equity ETF 1.3 75 -63 7.5 -1.1
FENI Fidelity Enhanced International ETF 1.3 28 -16 5.6 -3.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 -19 5.3 -3.4
AVDE Avantis International Equity ETF 1.3 23 -11 6.0 -2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -71 7.2 -1.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.2 38 -26 6.8 -1.9
BLES Inspire Global Hope ETF 1.2 61 -49 5.6 -3.1
VEXC Vanguard Emerging Markets Ex-China ETF 1.2 7 5 5.5 -3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 -35 6.9 -1.8
IDV iShares International Select Dividend ETF 1.2 51 -39 8.9 +0.2
SPEU SPDR Portfolio Europe ETF 1.2 7 5 6.4 -2.3
JHMD John Hancock Multifactor Developed International ETF 1.2 39 -27 6.0 -2.7
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 6.8 -1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 -37 12.8 +4.2
MCH Matthews China Active ETF 1.2 79 -67 15.1 +6.4
GXC SPDR S & P China ETF 1.2 59 -47 19.3 +10.7
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 -4 6.4 -2.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 -33 9.4 +0.7
JADE JPMorgan Active Developing Markets Equity ETF 1.2 65 -53 5.8 -2.9
FLGR Franklin FTSE Germany ETF 1.2 9 3 6.5 -2.1
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 5.9 -2.8
DXIV Dimensional International Vector Equity ETF 1.2 34 -22 6.3 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 3 7.9 -0.7
INDA iShares MSCI India ETF 1.2 65 -53 4.6 -4.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 -13 5.1 -3.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 -3 8.7 +0.0
EMM Global X Emerging Markets ex-China ETF 1.1 75 -63 4.4 -4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 -58 6.6 -2.0
ASEA Global X FTSE Southeast Asia ETF 1.1 65 -53 4.9 -3.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.1 34 -22 6.1 -2.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 -13 10.1 +1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.1 35 -23 5.4 -3.2
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -63 6.9 -1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -38 7.8 -0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 -27 13.0 +4.4
SCHE Schwab Emerging Markets Equity ETF 1.1 11 1 9.2 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 5.9 -2.7
DFAI Dimensional International Core Equity Market ETF 1.0 18 -6 5.8 -2.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.0 35 -23 9.8 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 -29 5.9 -2.8
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 -23 6.7 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 1.0 17 -5 12.4 +3.8
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 -32 7.3 -1.4
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 2 4.8 -3.8
MCHI iShares MSCI China ETF 1.0 59 -47 21.0 +12.4
VYMI Vanguard International High Dividend Yield ETF 1.0 17 -5 7.6 -1.1
XCEM Columbia EM Core ex-China ETF 1.0 16 -4 4.7 -3.9
FLN First Trust Latin America AlphaDEX Fund 1.0 80 -68 9.7 +1.0
AVDV Avantis International Small Cap Value ETF 0.9 36 -24 7.4 -1.3
ECON Columbia Emerging Markets Consumer ETF 0.9 49 -37 6.3 -2.4
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 5.4 -3.3
FXI iShares China Large-Cap ETF 0.9 74 -62 21.3 +12.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 -17 8.6 -0.0
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 -18 6.2 -2.4
FLIN Franklin FTSE India ETF 0.9 19 -7 4.2 -4.5
ECNS iShares MSCI China Small-Cap ETF 0.9 59 -47 9.8 +1.2
BKF iShares MSCI BIC ETF 0.9 69 -57 14.8 +6.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 -24 7.3 -1.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 -41 4.9 -3.8
EWL iShares MSCI Switzerland ETF 0.9 50 -38 5.7 -3.0
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 6.6 -2.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.9 24 -12 5.6 -3.1
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 2 5.9 -2.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.8 45 -33 5.4 -3.2
DEW WisdomTree Global High Dividend Fund 0.8 58 -46 7.0 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 -8 4.7 -4.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.8 11 1 23.5 +14.9
EWG iShares MSCI Germany ETF 0.8 50 -38 5.9 -2.8
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.3 -3.4
GLOF iShares Global Equity Factor ETF 0.8 20 -8 5.4 -3.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 3 6.4 -2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 4.9 -3.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -54 7.2 -1.4
DAX Global X DAX Germany ETF 0.8 21 -9 6.1 -2.6
FRDM Freedom 100 Emerging Markets ETF 0.8 49 -37 5.1 -3.6
FLGB Franklin FTSE United Kingdom ETF 0.8 9 3 6.6 -2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.8 30 -18 7.7 -1.0
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 3.2 -5.4
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 4.9 -3.8
FLEE Franklin FTSE Europe ETF 0.8 9 3 6.2 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 -37 8.8 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 -3 7.8 -0.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.8 9 3 7.5 -1.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.6 -4.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.7 69 -57 7.5 -1.2
EEM iShares MSCI Emerging Markets ETF 0.7 69 -57 7.5 -1.1
QINT American Century Quality Diversified International ETF 0.7 39 -27 6.4 -2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 -24 5.7 -3.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -46 7.4 -1.2
VT Vanguard Total World Stock ETF 0.7 6 6 4.9 -3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 -21 6.5 -2.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.7 49 -37 8.4 -0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 7.2 -1.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 -13 4.8 -3.8
EWU iShares MSCI United Kingdom ETF 0.7 50 -38 7.1 -1.6
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -13 8.6 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 -13 7.0 -1.6
EPI WisdomTree India Earnings Fund 0.7 85 -73 5.2 -3.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -68 8.5 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 7.7 -0.9
ECH iShares MSCI Chile ETF 0.6 58 -46 7.3 -1.3
IVAL Alpha Architect International Quantitative Value ETF 0.6 49 -37 7.3 -1.3
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 8.3 -0.3
WLDR Affinity World Leaders Equity ETF 0.6 67 -55 5.4 -3.2
IGRO iShares International Dividend Growth ETF 0.6 15 -3 6.5 -2.1
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.6 53 -41 5.4 -3.3
EZU iShares MSCI Eurozone ETF 0.6 52 -40 5.5 -3.1
KSA iShares MSCI Saudi Arabia ETF 0.6 74 -62 0.0 -8.6
IEV iShares Europe ETF 0.6 67 -55 5.8 -2.9
STXI Strive International Developed Markets ETF 0.6 29 -17 6.4 -2.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 -18 4.6 -4.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.5 49 -37 7.2 -1.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 -13 5.8 -2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 -20 7.3 -1.3
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 6.2 -2.5
EPHE iShares MSCI Philippines ETF 0.5 59 -47 0.0 -8.6
VIDI Vident International Equity Strategy ETF 0.5 61 -49 7.9 -0.8
FEGE First Eagle Global Equity ETF 0.5 79 -67 5.8 -2.9
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 7.8 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 -37 7.2 -1.4
CGV Conductor Global Equity Value ETF 0.5 130 -118 7.6 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 -20 4.5 -4.1
EFG iShares MSCI EAFE Growth ETF 0.5 36 -24 3.7 -4.9
AIA iShares Asia 50 ETF 0.5 50 -38 7.3 -1.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 -30 3.9 -4.7
BINV Brandes International ETF 0.5 70 -58 8.2 -0.4
ILF iShares Latin America 40 ETF 0.5 48 -36 9.2 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 -36 8.3 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 -34 5.3 -3.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 -13 6.2 -2.5
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -73 4.6 -4.1
AGNG Global X Aging Population ETF 0.4 50 -38 4.2 -4.5
IPKW Invesco International BuyBack Achievers ETF 0.4 55 -43 7.7 -0.9
STXE Strive Emerging Markets Ex-China ETF 0.4 32 -20 4.9 -3.7
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 -13 7.9 -0.8
DIHP Dimensional International High Profitability ETF 0.4 29 -17 5.6 -3.0
ACWI iShares MSCI ACWI ETF 0.4 32 -20 4.6 -4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 3 4.8 -3.9
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 3.5 -5.1
IMOM Alpha Architect International Quantitative Momentum ETF 0.4 49 -37 4.5 -4.2
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -77 4.3 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -76 8.5 -0.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 4.2 -4.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.5 -5.2
URTH iShares MSCI World ETF 0.3 24 -12 4.3 -4.4
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 -27 0.0 -8.6
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 3 6.1 -2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 -17 6.2 -2.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 -20 15.0 +6.4
OAIM OneAscent International Equity ETF 0.3 95 -83 4.3 -4.4
FDD First Trust Stoxx European Select Dividend Index Fund 0.3 58 -46 9.2 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -30 5.6 -3.0
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -47 4.1 -4.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 3 4.3 -4.3
NDIA Global X India Active ETF 0.3 75 -63 5.2 -3.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 4.7 -3.9
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.2 -4.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -46 5.3 -3.4
AFK VanEck Africa Index ETF 0.2 98 -86 10.0 +1.4
QAT iShares MSCI Qatar ETF 0.2 59 -47 53.0 +44.4
PIN Invesco India ETF 0.2 78 -66 5.4 -3.2
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 -18 5.1 -3.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 5.5 -3.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 4.7 -4.0
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -53 3.4 -5.2
DVYE iShares Emerging Markets Dividend ETF 0.2 49 -37 16.6 +8.0
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.6 -5.0
EWO iShares MSCI Austria ETF 0.2 50 -38 6.8 -1.8
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -47 11.8 +3.2
EFNL iShares MSCI Finland ETF 0.2 56 -44 5.5 -3.2
SDIV Global X Superdividend ETF 0.2 58 -46 13.6 +4.9
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.4 +2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 9.4 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -28 6.0 -2.7
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 -33 4.2 -4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 4.9 -3.7
IVSI Applied Finance IVS International Large ETF 0.1 65 -53 5.7 -2.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.4 -2.2
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 8.4 -0.3
EWN iShares MSCI Netherlands ETF 0.1 50 -38 4.4 -4.3
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 -6 0.0 -8.6
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 4.9 -3.7
TUR iShares MSCI Turkey ETF 0.1 58 -46 13.1 +4.5
FLTW Franklin FTSE Taiwan ETF 0.1 19 -7 3.1 -5.6
EIRL iShares MSCI Ireland ETF 0.1 50 -38 6.6 -2.1
GREK Global X MSCI Greece ETF 0.1 57 -45 7.9 -0.8
IDX VanEck Indonesia Index ETF 0.1 57 -45 9.1 +0.4
CNYA iShares MSCI China A ETF 0.1 60 -48 6.6 -2.0
NORW Global X MSCI Norway ETF 0.1 50 -38 7.6 -1.1
ENOR iShares MSCI Norway ETF 0.1 53 -41 7.4 -1.2
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 10.3 +1.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 5.6 -3.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 2.4 -6.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.5 -2.1
BRAZ Global X Brazil Active ETF 0.0 75 -63 9.6 +1.0
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 11.2 +2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 -30 4.0 -4.6

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 8.6 %
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.