Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 7.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.3x P/Sales
ratio		 2.8x
P/BV
ratio		 0.9x Div.
yield		 3.9%


  • 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) $3,582
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 720
Wgt avg mkt cap (mns) $10,294
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 3.0 %
MITSUI FUDOSAN CO LTD 3.0 %
SUMITOMO REALTY & DEVELOPMNT 2.5 %
EMAAR PROPERTIES PJSC 2.4 %
SUN HUNG KAI PROPERTIES 2.2 %
DEUTSCHE ANNINGTON IMMOBILIE 2.2 %
DAIWA HOUSE INDUSTRY CO LTD 1.9 %
SCENTRE GROUP 1.3 %
SWISS PRIME SITE-REG 1.2 %
Total 23.4 %

TOP COUNTRY EXPOSURE
JAPAN 22.4 %
AUSTRALIA 10.2 %
HONG KONG 9.6 %
BRITAIN 5.6 %
SINGAPORE 5.2 %
UAE 3.7 %
GERMANY 3.2 %
SWITZERLAND 3.0 %
ISRAEL 2.6 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.6% 25.2% 2.1% 4.2% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.40 35%
MSCI EAFE 0.65 71%
MSCI Emg. Mkts. 0.50 48%

Technical Indicators
Recent close $50.44
30d moving avg. $47.24
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 378
Turnover 0.5%
Bid/Ask (% of price) 0.03%
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™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VNQI
Ticker Fund
Name		 Overlap1
vs VNQI
(%)		 Expense
ratio
(bp)		 Savings
vs VNQI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VNQI
(%)
IFGL iShares International Developed Real Estate ETF 62.5 48 -36 6.1 -1.4
RWX SPDR Dow Jones International Real Estate ETF 39.8 59 -47 6.2 -1.3
ERET iShares Environmentally Aware Real Estate ETF 36.9 30 -18 6.5 -0.9
VGSR Vert Global Sustainable Real Estate ETF 28.9 47 -35 6.7 -0.8
RWO SPDR Dow Jones Global Real Estate ETF 27.7 50 -38 6.2 -1.3
AVRE Avantis Real Estate ETF 27.3 17 -5 6.5 -0.9
REET iShares Global REIT ETF 24.9 14 -2 6.8 -0.6
DFGR Dimensional Global Real Estate ETF 24.1 22 -10 7.0 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 22.0 45 -33 7.1 -0.4
JIVE JPMorgan International Value ETF 14.2 55 -43 8.9 +1.4
IDLV Invesco S&P International Developed Low Volatility ETF 11.3 25 -13 5.8 -1.6
IQRA IQ CBRE Real Assets ETF 11.1 65 -53 5.0 -2.5
SCZ iShares MSCI EAFE Small-Cap ETF 9.2 40 -28 5.9 -1.6
SCJ iShares MSCI Japan Small-Cap ETF 8.3 50 -38 5.3 -2.1
JPIN J.P. Morgan Diversified Return International Equity ETF 8.3 37 -25 6.7 -0.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.1 19 -7 4.7 -2.8
ERTH Invesco MSCI Sustainable Future ETF 8.1 62 -50 3.0 -4.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.1 49 -37 5.7 -1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.0 80 -68 5.0 -2.4
DWX SPDR S&P International Dividend ETF 7.7 45 -33 6.2 -1.2
EPP iShares MSCI Pacific ex-Japan ETF 7.7 47 -35 4.6 -2.9
IEUS iShares MSCI Europe Small-Cap ETF 7.6 42 -30 6.4 -1.1
DIM WisdomTree International MidCap Dividend Fund 7.4 58 -46 6.0 -1.4
EWH iShares MSCI Hong Kong ETF 6.8 50 -38 4.8 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.6 8 4 6.2 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.6 12 0 5.0 -2.5
FLAU Franklin FTSE Australia ETF 6.5 9 3 5.5 -2.0
SCHC Schwab International Small-Cap Equity ETF 6.5 11 1 6.3 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 6.1 39 -27 4.9 -2.6
DVYA iShares Asia/Pacific Dividend ETF 5.6 49 -37 6.2 -1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 5.6 49 -37 4.7 -2.8
GWX SPDR S&P International Small Cap ETF 5.5 40 -28 5.5 -2.0
INDS Pacer Industrial Real Estate ETF 5.5 55 -43 6.0 -1.5
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.5 60 -48 5.1 -2.4
BYRE Principal Real Estate Active Opportunities ETF 5.4 65 -53 6.0 -1.5
UIVM VictoryShares International Value Momentum ETF 5.3 35 -23 6.9 -0.5
IPAC iShares Core MSCI Pacific ETF 5.3 9 3 5.2 -2.3
DTH WisdomTree International High Dividend Fund 5.1 58 -46 6.9 -0.5
EWA iShares MSCI Australia ETF 5.1 50 -38 5.0 -2.5
AIVI WisdomTree International AI Enhanced Value Fund 4.9 58 -46 5.6 -1.9
SPRE SP Funds S&P Global REIT Sharia ETF 4.8 55 -43 5.3 -2.2
GVAL Cambria Global Value ETF 4.7 68 -56 8.6 +1.2
RCGE RockCreek Global Equality ETF 4.6 95 -83 5.9 -1.6
ISCF iShares International SmallCap Equity Factor ETF 4.6 23 -11 7.0 -0.4
DWMF WisdomTree International Multifactor Fund 4.5 38 -26 6.1 -1.4
FID First Trust S&P International Dividend Aristocrats ETF 4.4 60 -48 6.8 -0.7
VPL Vanguard FTSE Pacific ETF 4.4 7 5 5.2 -2.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.2 32 -20 5.2 -2.3
WDIV SPDR S&P Global Dividend ETF 4.1 40 -28 7.8 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.1 24 -12 5.9 -1.6
VWID Virtus WMC International Dividend ETF 3.9 49 -37 6.9 -0.6
EWUS iShares MSCI United Kingdom Small Cap ETF 3.8 59 -47 6.7 -0.8
BLDG Cambria Global Real Estate ETF 3.8 60 -48 10.5 +3.0
EWX SPDR S&P Emerging Markets Small Cap ETF 3.7 65 -53 7.0 -0.5
UAE iShares MSCI UAE ETF 3.7 59 -47 0.0 -7.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.7 29 -17 6.4 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 3.7 12 0 4.8 -2.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.7 70 -58 6.4 -1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.7 80 -68 7.2 -0.3
DLS WisdomTree International SmallCap Dividend Fund 3.6 58 -46 6.8 -0.7
FLJP Franklin FTSE Japan ETF 3.6 9 3 4.9 -2.5
FLJH Franklin FTSE Japan Hedged ETF 3.6 9 3 5.1 -2.4
FEP First Trust Europe AlphaDEX Fund 3.4 80 -68 6.6 -0.9
RITA ETFB Green SRI REITs ETF 3.4 50 -38 5.2 -2.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 -38 5.3 -2.2
EFAS Global X MSCI SuperDividend EAFE ETF 3.2 57 -45 7.2 -0.3
JHID John Hancock International High Dividend ETF 3.2 46 -34 7.8 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 0 4.4 -3.0
RAYJ Rayliant SMDAM Japan Equity ETF 3.0 72 -60 2.9 -4.6
VSGX Vanguard ESG International Stock ETF 3.0 10 2 6.4 -1.1
IEFA iShares Core MSCI EAFE ETF 3.0 7 5 5.8 -1.7
FDEV Fidelity International Multifactor ETF 2.9 18 -6 6.2 -1.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.9 42 -30 8.2 +0.7
FGM First Trust Germany AlphaDEX Fund 2.9 80 -68 5.5 -2.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.9 22 -10 5.2 -2.3
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 -68 6.2 -1.3
EWJV iShares MSCI Japan Value ETF 2.9 15 -3 6.5 -1.0
INTF iShares International Equity Factor ETF 2.9 15 -3 6.2 -1.3
JPXN iShares JPX-Nikkei 400 ETF 2.8 48 -36 5.1 -2.4
BBJP JPMorgan BetaBuilders Japan ETF 2.8 19 -7 5.2 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.7 59 -47 6.9 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 2.7 4 8 5.8 -1.7
EFV iShares MSCI EAFE Value ETF 2.7 34 -22 7.2 -0.2
DISV Dimensional International Small Cap Value ETF 2.6 42 -30 7.3 -0.1
EIS iShares MSCI Israel ETF 2.6 58 -46 5.9 -1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.6 40 -28 6.2 -1.3
DWM WisdomTree International Equity Fund 2.6 48 -36 6.0 -1.5
VEA Vanguard FTSE Developed Markets ETF 2.5 3 9 5.8 -1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.5 39 -27 6.4 -1.1
AVDS Avantis International Small Cap Equity ETF 2.5 30 -18 5.6 -1.9
IQSI IQ Candriam International Equity ETF 2.5 15 -3 5.3 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.5 39 -27 5.4 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 58 -46 7.9 +0.5
DFIS Dimensional International Small Cap ETF 2.5 39 -27 5.8 -1.6
DFEV Dimensional Emerging Markets Value ETF 2.5 43 -31 9.7 +2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 -8 5.7 -1.8
FEUZ First Trust Eurozone AlphaDEX ETF 2.4 80 -68 6.3 -1.2
EWJ iShares MSCI Japan ETF 2.4 50 -38 4.7 -2.8
SPDW SPDR Portfolio Developed World ex-US ETF 2.4 3 9 5.7 -1.8
IXUS iShares Core MSCI Total International Stock ETF 2.4 7 5 6.4 -1.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 -66 8.4 +1.0
VXUS Vanguard Total International Stock ETF 2.4 5 7 6.5 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -68 6.6 -0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.3 47 -35 4.6 -2.9
WWJD Inspire International ETF 2.2 80 -68 6.1 -1.4
TPIF Timothy Plan International ETF 2.1 62 -50 5.1 -2.4
FIDI Fidelity International High Dividend ETF 2.1 18 -6 6.9 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 -8 5.6 -1.9
AVSE Avantis Responsible Emerging Markets Equity ETF 2.1 33 -21 6.6 -0.9
REAI Intelligent Real Estate ETF 2.1 59 -47 13.6 +6.1
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 -3 6.0 -1.5
SCHF Schwab International Equity ETF 2.1 6 6 5.9 -1.6
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 -28 8.6 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.0 41 -29 6.7 -0.7
AVSD Avantis Responsible International Equity ETF 2.0 23 -11 4.4 -3.0
CIL VictoryShares International Volatility Wtd ETF 2.0 45 -33 5.6 -1.9
SRET Global X SuperDividend REIT ETF 2.0 59 -47 11.1 +3.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 2.0 20 -8 5.2 -2.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -55 12.7 +5.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.9 4 8 6.5 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 -33 6.8 -0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.9 14 -2 5.3 -2.2
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 -20 5.4 -2.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 -51 11.1 +3.7
VWO Vanguard FTSE Emerging Markets ETF 1.9 7 5 8.8 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 -7 7.1 -0.4
BKIE BNY Mellon International Equity ETF 1.9 4 8 5.7 -1.7
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 -4 6.8 -0.7
EFA iShares MSCI EAFE ETF 1.8 35 -23 5.5 -2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.8 31 -19 5.5 -2.0
FJP First Trust Japan AlphaDEX Fund 1.8 80 -68 6.2 -1.3
ISRA VanEck Israel ETF 1.8 59 -47 5.7 -1.8
AVES Avantis Emerging Markets Value ETF 1.8 36 -24 8.9 +1.5
EWS iShares MSCI Singapore ETF 1.8 50 -38 4.1 -3.4
DFIV Dimensional International Value ETF 1.7 27 -15 7.5 +0.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.7 38 -26 7.1 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 5 9.0 +1.5
INEQ Columbia International Equity Income ETF 1.7 45 -33 6.9 -0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 5.7 -1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 -18 6.2 -1.3
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -35 7.1 -0.3
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 5.3 -2.2
IVLU iShares MSCI Intl Value Factor ETF 1.6 30 -18 8.1 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 -58 6.8 -0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 -18 5.7 -1.8
IQLT iShares MSCI Intl Quality Factor ETF 1.6 30 -18 5.2 -2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 -33 9.1 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -17 6.8 -0.7
EWK iShares MSCI Belgium ETF 1.6 50 -38 3.6 -3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 -6 6.2 -1.3
XCEM Columbia EM Core ex-China ETF 1.6 16 -4 6.0 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 3 8.1 +0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.5 25 -13 5.1 -2.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.5 20 -8 5.5 -2.0
FIVA Fidelity International Value Factor ETF 1.5 18 -6 7.6 +0.1
AVDE Avantis International Equity ETF 1.5 23 -11 6.0 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 -8 4.8 -2.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 -46 7.1 -0.4
MEM Matthews Emerging Markets Equity Active ETF 1.5 79 -67 5.9 -1.6
IDV iShares International Select Dividend ETF 1.5 51 -39 8.8 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 -38 8.4 +1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.5 15 -3 6.3 -1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 1.5 83 -71 7.6 +0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 -8 5.3 -2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 56 -44 9.2 +1.7
IEUR iShares Core MSCI Europe ETF 1.5 11 1 6.1 -1.3
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 -22 6.2 -1.3
DFIC Dimensional International Core Equity 2 ETF 1.4 23 -11 6.0 -1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 -32 9.0 +1.5
JHMD John Hancock Multifactor Developed International ETF 1.4 39 -27 6.1 -1.4
VGK Vanguard FTSE Europe ETF 1.4 6 6 6.2 -1.3
VYMI Vanguard International High Dividend Yield ETF 1.4 17 -5 7.6 +0.1
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 -5 11.0 +3.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 -23 11.0 +3.5
EWG iShares MSCI Germany ETF 1.4 50 -38 5.8 -1.7
FLLA Franklin FTSE Latin America ETF 1.4 19 -7 10.3 +2.8
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 -23 7.0 -0.5
FLGR Franklin FTSE Germany ETF 1.4 9 3 6.4 -1.1
SDIV Global X Superdividend ETF 1.4 58 -46 14.9 +7.4
SPEU SPDR Portfolio Europe ETF 1.4 7 5 6.2 -1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.4 49 -37 13.0 +5.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.4 39 -27 13.7 +6.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.3 53 -41 5.6 -1.9
BLES Inspire Global Hope ETF 1.3 61 -49 5.8 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 -35 6.6 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 -29 6.2 -1.3
GXC SPDR S & P China ETF 1.3 59 -47 14.8 +7.3
SCHE Schwab Emerging Markets Equity ETF 1.3 11 1 9.2 +1.8
EWQ iShares MSCI France ETF 1.3 53 -41 6.0 -1.5
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 5.7 -1.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 5.5 -2.0
DXIV Dimensional International Vector Equity ETF 1.3 34 -22 6.2 -1.3
ECON Columbia Emerging Markets Consumer ETF 1.2 49 -37 9.2 +1.7
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 5.3 -2.2
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 6.8 -0.7
INDA iShares MSCI India ETF 1.2 65 -53 4.2 -3.3
VIGI Vanguard International Dividend Appreciation ETF 1.2 10 2 5.6 -1.9
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 5.2 -2.2
FLCH Franklin FTSE China ETF 1.2 19 -7 14.7 +7.2
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 -12 6.0 -1.5
EWW iShares MSCI Mexico ETF 1.2 50 -38 7.2 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 -12 5.7 -1.8
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 -13 5.0 -2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 -18 7.6 +0.2
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 -18 6.2 -1.3
FLIN Franklin FTSE India ETF 1.1 19 -7 3.7 -3.8
FEOE First Eagle Overseas Equity ETF 1.1 79 -67 5.5 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -54 7.3 -0.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -68 8.2 +0.8
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 8.6 +1.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.1 11 1 7.4 -0.0
DIVI Franklin International Core Dividend Tilt Index ETF 1.1 9 3 6.6 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 9.6 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 25 -13 5.3 -2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 -24 7.5 +0.1
EEM iShares MSCI Emerging Markets ETF 1.1 69 -57 7.6 +0.1
DOL WisdomTree International LargeCap Dividend Fund 1.1 48 -36 5.7 -1.8
MCHI iShares MSCI China ETF 1.1 59 -47 16.1 +8.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 -21 6.3 -1.2
FLMX Franklin FTSE Mexico ETF 1.1 19 -7 7.8 +0.3
GLOF iShares Global Equity Factor ETF 1.0 20 -8 5.9 -1.6
DAX Global X DAX Germany ETF 1.0 21 -9 6.2 -1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 5.9 -1.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.0 25 -13 10.1 +2.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.0 45 -33 6.0 -1.5
ASEA Global X FTSE Southeast Asia ETF 1.0 65 -53 5.2 -2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 -3 8.1 +0.6
FXI iShares China Large-Cap ETF 1.0 74 -62 16.6 +9.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -78 4.1 -3.4
DEW WisdomTree Global High Dividend Fund 1.0 58 -46 7.0 -0.5
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -37 6.6 -0.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 -46 7.0 -0.5
BKF iShares MSCI BIC ETF 0.9 69 -57 12.0 +4.5
AVDV Avantis International Small Cap Value ETF 0.9 36 -24 7.0 -0.5
PIN Invesco India ETF 0.9 78 -66 4.7 -2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 -13 8.9 +1.4
EWL iShares MSCI Switzerland ETF 0.9 50 -38 4.9 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.9 36 -24 6.4 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.9 9 3 7.7 +0.3
VT Vanguard Total World Stock ETF 0.9 6 6 5.1 -2.4
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 6.4 -1.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.9 30 -18 4.6 -2.9
EFG iShares MSCI EAFE Growth ETF 0.9 36 -24 3.6 -3.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.9 25 -13 7.5 -0.0
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 6.9 -0.5
EMC Global X Emerging Markets Great Consumer ETF 0.9 75 -63 6.7 -0.8
FLEE Franklin FTSE Europe ETF 0.9 9 3 6.1 -1.4
EWD iShares MSCI Sweden ETF 0.9 54 -42 4.3 -3.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 -37 8.2 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 -17 7.6 +0.2
EPI WisdomTree India Earnings Fund 0.8 85 -73 4.4 -3.0
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.4 -2.1
FENI Fidelity Enhanced International ETF 0.8 28 -16 5.3 -2.2
FLN First Trust Latin America AlphaDEX Fund 0.8 80 -68 9.1 +1.7
FRDM Freedom 100 Emerging Markets ETF 0.8 49 -37 5.4 -2.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 -21 7.6 +0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -68 12.1 +4.6
EMM Global X Emerging Markets ex-China ETF 0.8 75 -63 5.1 -2.4
QINT American Century Quality Diversified International ETF 0.8 39 -27 5.9 -1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 -33 7.9 +0.5
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 4.6 -2.9
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 3.5 -4.0
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.4 -3.0
EZU iShares MSCI Eurozone ETF 0.7 52 -40 5.6 -1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 -22 4.6 -2.9
MCH Matthews China Active ETF 0.7 79 -67 13.1 +5.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.7 32 -20 4.9 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 7.1 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 -20 6.7 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 -37 7.5 +0.0
STXE Strive Emerging Markets Ex-China ETF 0.7 32 -20 5.6 -1.9
KSA iShares MSCI Saudi Arabia ETF 0.7 74 -62 0.0 -7.5
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -37 8.2 +0.7
CGDG Capital Group Dividend Growers ETF 0.6 47 -35 5.2 -2.3
AIA iShares Asia 50 ETF 0.6 50 -38 9.7 +2.3
IEV iShares Europe ETF 0.6 67 -55 5.6 -1.9
EPHE iShares MSCI Philippines ETF 0.6 59 -47 0.0 -7.5
EWU iShares MSCI United Kingdom ETF 0.6 50 -38 6.6 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.6 46 -34 5.9 -1.6
IGRO iShares International Dividend Growth ETF 0.6 15 -3 6.0 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.0 -2.5
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 8.0 +0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 -30 4.7 -2.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 6.2 -1.3
CGV Conductor Global Equity Value ETF 0.6 130 -118 6.4 -1.1
ECH iShares MSCI Chile ETF 0.6 58 -46 6.0 -1.5
FEGE First Eagle Global Equity ETF 0.5 79 -67 5.3 -2.1
STXI Strive International Developed Markets ETF 0.5 29 -17 5.4 -2.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 -37 7.8 +0.3
ACWI iShares MSCI ACWI ETF 0.5 32 -20 4.7 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 4.8 -2.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 5.8 -1.7
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -7.5
URTH iShares MSCI World ETF 0.5 24 -12 4.4 -3.1
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 -13 8.0 +0.5
MJSC MUFG Japan Small Cap Active ETF 0.5 85 -73 4.5 -2.9
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 7.6 +0.1
VIDI Vident International Equity Strategy ETF 0.4 61 -49 8.6 +1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 -20 11.8 +4.3
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 3.6 -3.9
ILF iShares Latin America 40 ETF 0.4 48 -36 9.4 +1.9
BINV Brandes International ETF 0.4 70 -58 7.6 +0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 -29 4.9 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -68 9.6 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 3 6.1 -1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -76 7.2 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 42 -30 5.8 -1.6
DIHP Dimensional International High Profitability ETF 0.3 29 -17 5.5 -2.0
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.4 -3.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -46 5.9 -1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 3 4.6 -2.9
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.8 -3.7
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 2.7 -4.7
AGNG Global X Aging Population ETF 0.3 50 -38 3.9 -3.6
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 5.0 -2.5
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 3.7 -3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 -13 5.7 -1.8
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 7.6 +0.2
NDIA Global X India Active ETF 0.3 75 -63 4.9 -2.6
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -47 4.0 -3.5
AFK VanEck Africa Index ETF 0.2 98 -86 10.5 +3.1
QAT iShares MSCI Qatar ETF 0.2 59 -47 34.8 +27.4
FCA First Trust China AlphaDEX Fund 0.2 80 -68 8.1 +0.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 5.4 -2.1
EFNL iShares MSCI Finland ETF 0.2 56 -44 5.7 -1.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 3.9 -3.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -33 4.9 -2.6
WLDR Affinity World Leaders Equity ETF 0.2 67 -55 6.1 -1.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.2 -3.2
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -46 4.7 -2.7
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.4 -4.0
EWO iShares MSCI Austria ETF 0.2 50 -38 7.5 +0.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 -8 5.2 -2.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -58 3.2 -4.3
DVYE iShares Emerging Markets Dividend ETF 0.1 49 -37 15.8 +8.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.2 -2.3
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 9.9 +2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 9.6 +2.2
FLTW Franklin FTSE Taiwan ETF 0.1 19 -7 4.7 -2.8
TUR iShares MSCI Turkey ETF 0.1 58 -46 10.8 +3.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 5.1 -2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.3 -1.2
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 7.7 +0.2
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 10.0 +2.6
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 3.3 -4.1
CUT Invesco MSCI Global Timber ETF 0.1 61 -49 9.0 +1.6
EWN iShares MSCI Netherlands ETF 0.1 50 -38 4.6 -2.8
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 9.8 +2.3
CNYA iShares MSCI China A ETF 0.1 60 -48 6.3 -1.2
IDX VanEck Indonesia Index ETF 0.1 57 -45 7.2 -0.3
GREK Global X MSCI Greece ETF 0.1 57 -45 9.1 +1.6
EIRL iShares MSCI Ireland ETF 0.1 50 -38 7.2 -0.2
ENOR iShares MSCI Norway ETF 0.1 53 -41 8.3 +0.8
NORW Global X MSCI Norway ETF 0.1 50 -38 8.4 +1.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -28 5.9 -1.6
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.6 -0.9
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 11.7 +4.2
BRAZ Global X Brazil Active ETF 0.0 75 -63 9.2 +1.7

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 7.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 7.5 %
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.