Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 12.0x P/Sales
ratio		 1.6x
P/BV
ratio		 0.7x Div.
yield		 4.8%


  • 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) $3,854
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 674
Wgt avg mkt cap (mns) $8,873
Large cap (>$10bn) 31.2%
Mid cap ($2-10bn) 47.9%
Small cap (<$2bn) 20.8%
Developed mkts 82.6%
Emerging mkts 17.5%

TOP TEN HOLDINGS
GOODMAN GROUP 4.3 %
MITSUBISHI ESTATE CO LTD 2.8 %
DEUTSCHE ANNINGTON IMMOBILIE 2.6 %
DAIWA HOUSE INDUSTRY CO LTD 2.3 %
SUMITOMO REALTY & DEVELOPMNT 2.1 %
EMAAR PROPERTIES PJSC 1.7 %
SUN HUNG KAI PROPERTIES 1.7 %
SEGRO PLC 1.6 %
SCENTRE GROUP 1.3 %
LINK REIT 1.3 %
Total 21.6 %

TOP COUNTRY EXPOSURE
JAPAN 22.4 %
AUSTRALIA 11.7 %
HONG KONG 9.4 %
BRITAIN 7.3 %
SINGAPORE 6.0 %
GERMANY 3.8 %
CANADA 2.8 %
INDIA 2.7 %
UAE 2.6 %
SWITZERLAND 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.5% 2.9% -4.0% 0.9% 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.77 56%
MSCI EAFE 0.98 83%
MSCI Emg. Mkts. 0.89 74%

Technical Indicators
Recent close $40.18
30d moving avg. $40.83
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 173
Turnover 0.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $4,246

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 375 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™: 8.7%


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 75.9 10 2 8.1 -0.6
WPS iShares International Developed Property ETF 74.2 48 -36 7.2 -1.5
IFGL iShares International Developed Real Estate ETF 65.4 48 -36 7.0 -1.7
RWX SPDR Dow Jones International Real Estate ETF 40.7 59 -47 7.2 -1.5
ERET iShares Environmentally Aware Real Estate ETF 35.0 30 -18 7.3 -1.4
REET iShares Global REIT ETF 27.8 14 -2 7.1 -1.6
AVRE Avantis Real Estate ETF 27.6 17 -5 6.6 -2.0
RWO SPDR Dow Jones Global Real Estate ETF 26.8 50 -38 6.9 -1.8
DFGR Dimensional Global Real Estate ETF 24.1 22 -10 7.0 -1.7
GQRE FlexShares Global Quality Real Estate Index Fund 21.7 45 -33 6.8 -1.8
WTRE WisdomTree New Economy Real Estate Fund 13.8 58 -46 5.0 -3.7
IQRA IQ CBRE Real Assets ETF 12.4 65 -53 6.0 -2.7
ROOF IQ CBRE NextGen Real Estate ETF 9.9 60 -48 7.9 -0.8
EPP iShares MSCI Pacific ex-Japan ETF 9.3 47 -35 5.4 -3.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 9.2 19 -7 5.9 -2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 9.2 49 -37 6.7 -2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 9.0 49 -37 5.8 -2.9
SCZ iShares MSCI EAFE Small-Cap ETF 8.7 40 -28 0.0 -8.7
JPIN J.P. Morgan Diversified Return International Equity ETF 8.5 37 -25 8.7 +0.1
DWX SPDR S&P International Dividend ETF 8.5 45 -33 7.2 -1.5
DIM WisdomTree International MidCap Dividend Fund 7.7 58 -46 7.6 -1.0
SCJ iShares MSCI Japan Small-Cap ETF 7.6 50 -38 6.1 -2.5
FLHK Franklin FTSE Hong Kong ETF 7.4 9 3 7.7 -1.0
ERTH Invesco MSCI Sustainable Future ETF 7.4 62 -50 3.7 -5.0
IDLV Invesco S&P International Developed Low Volatility ETF 7.3 25 -13 5.9 -2.8
SCHC Schwab International Small-Cap Equity ETF 7.2 11 1 6.4 -2.3
IEUS iShares MSCI Europe Small-Cap ETF 7.2 42 -30 0.0 -8.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.9 7 5 6.5 -2.2
EWH iShares MSCI Hong Kong ETF 6.8 50 -38 7.3 -1.4
AIVI WisdomTree International AI Enhanced Value Fund 6.8 58 -46 8.1 -0.6
EWA iShares MSCI Australia ETF 6.3 50 -38 5.3 -3.4
INDS Pacer Industrial Real Estate ETF 6.1 55 -43 6.0 -2.7
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 6.1 75 -63 4.9 -3.8
ISZE iShares MSCI Intl Size Factor ETF 6.0 30 -18 6.6 -2.1
FLAU Franklin FTSE Australia ETF 6.0 9 3 5.8 -2.9
GWX SPDR S&P International Small Cap ETF 6.0 40 -28 6.5 -2.2
EWJV iShares MSCI Japan Value ETF 6.0 15 -3 8.7 -0.0
FNDC Schwab Fundamental International Small Co. Index ETF 6.0 39 -27 6.9 -1.8
IPAC iShares Core MSCI Pacific ETF 5.9 9 3 6.5 -2.2
BLLD JPMorgan Sustainable Infrastructure ETF 5.8 49 -37 6.3 -2.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.6 60 -48 3.7 -4.9
SPRE SP Funds S&P Global REIT Sharia ETF 5.4 55 -43 5.3 -3.4
ISCF iShares International SmallCap Equity Factor ETF 5.4 23 -11 8.7 +0.0
RITA ETFB Green SRI REITs ETF 5.3 50 -38 6.0 -2.7
VPL Vanguard FTSE Pacific ETF 5.1 8 4 6.8 -1.9
UIVM VictoryShares International Value Momentum ETF 5.1 35 -23 10.7 +2.0
LVHI Franklin International Low Volatility High Dividend Index ET 4.8 40 -28 10.2 +1.6
EWUS iShares MSCI United Kingdom Small Cap ETF 4.6 59 -47 6.3 -2.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 4.5 68 -56 9.0 +0.3
DVYA iShares Asia/Pacific Dividend ETF 4.5 49 -37 9.3 +0.6
BLDG Cambria Global Real Estate ETF 4.4 60 -48 9.5 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 4.3 83 -71 9.1 +0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.2 70 -58 7.3 -1.4
DLS WisdomTree International SmallCap Dividend Fund 4.0 58 -46 8.7 +0.1
EFV iShares MSCI EAFE Value ETF 4.0 34 -22 9.1 +0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 4.0 12 0 5.4 -3.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.0 80 -68 10.3 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.0 39 -27 7.3 -1.4
GVAL Cambria Global Value ETF 4.0 68 -56 12.7 +4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 3.8 65 -53 7.7 -1.0
DTH WisdomTree International High Dividend Fund 3.8 58 -46 10.3 +1.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.8 39 -27 12.8 +4.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.7 29 -17 8.8 +0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 -66 9.1 +0.4
FLJP Franklin FTSE Japan ETF 3.6 9 3 6.9 -1.8
FDEV Fidelity International Multifactor ETF 3.5 18 -6 7.6 -1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.5 32 -20 6.8 -1.9
FLJH Franklin FTSE Japan Hedged ETF 3.4 9 3 6.8 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 -47 9.6 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 3.3 60 -48 9.9 +1.3
VSGX Vanguard ESG International Stock ETF 3.3 12 0 6.8 -1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 3.3 34 -22 10.6 +1.9
EWS iShares MSCI Singapore ETF 3.2 50 -38 4.3 -4.4
IEFA iShares Core MSCI EAFE ETF 3.2 7 5 2.7 -6.0
SRET Global X SuperDividend REIT ETF 3.1 59 -47 10.4 +1.7
EWJ iShares MSCI Japan ETF 3.1 50 -38 6.5 -2.2
BBJP JPMorgan BetaBuilders Japan ETF 3.1 19 -7 6.9 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 3.0 4 8 6.7 -2.0
INTF iShares International Equity Factor ETF 2.9 15 -3 7.8 -0.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.9 24 -12 8.5 -0.2
WDIV SPDR S&P Global Dividend ETF 2.9 40 -28 10.4 +1.7
JPXN iShares JPX-Nikkei 400 ETF 2.8 48 -36 7.2 -1.5
VEA Vanguard FTSE Developed Markets ETF 2.8 5 7 7.0 -1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.8 47 -35 6.4 -2.3
DFEV Dimensional Emerging Markets Value ETF 2.8 43 -31 11.0 +2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.8 58 -46 9.2 +0.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.8 49 -37 19.0 +10.3
RODE Hartford Multifactor Diversified International ETF 2.7 29 -17 11.6 +2.9
DFIS Dimensional International Small Cap ETF 2.7 39 -27 6.7 -2.0
DIVI Franklin International Core Dividend Tilt Index ETF 2.7 9 3 8.1 -0.6
WWJD Inspire International ETF 2.7 80 -68 7.1 -1.5
UAE iShares MSCI UAE ETF 2.6 59 -47 8.6 -0.1
VXUS Vanguard Total International Stock ETF 2.6 7 5 7.2 -1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 -8 6.8 -1.9
IQSI IQ Candriam International Equity ETF 2.6 15 -3 6.4 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 2.6 19 -7 7.3 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 9 6.9 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.6 40 -28 7.9 -0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.6 14 -2 6.2 -2.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 -38 5.1 -3.6
IXUS iShares Core MSCI Total International Stock ETF 2.5 7 5 6.9 -1.7
DWM WisdomTree International Equity Fund 2.5 48 -36 7.9 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.4 20 -8 6.3 -2.4
FDEM Fidelity Emerging Markets Multifactor ETF 2.4 25 -13 12.0 +3.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 -33 12.8 +4.1
NUDM Nuveen ESG International Developed Markets Equity ETF 2.4 31 -19 6.5 -2.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.3 80 -68 5.5 -3.2
SCHF Schwab International Equity ETF 2.3 6 6 7.0 -1.7
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -35 10.7 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.3 45 -33 8.5 -0.2
DISV Dimensional International Small Cap Value ETF 2.3 42 -30 9.2 +0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.2 58 -46 10.1 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.2 39 -27 7.6 -1.1
EFA iShares MSCI EAFE ETF 2.2 35 -23 6.4 -2.3
JHID John Hancock International High Dividend ETF 2.2 46 -34 11.5 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 2.2 20 -8 6.7 -2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 2.2 36 -24 6.9 -1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.2 70 -58 6.4 -2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.2 36 -24 6.4 -2.3
IQLT iShares MSCI Intl Quality Factor ETF 2.1 30 -18 5.7 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 8 4 7.2 -1.5
TPIF Timothy Plan International ETF 2.1 62 -50 6.7 -2.0
BKIE BNY Mellon International Equity ETF 2.0 4 8 6.9 -1.8
JIRE JPMorgan International Research Enhanced Equity ETF 2.0 24 -12 6.8 -1.9
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -45 9.8 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.0 9 3 9.9 +1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.0 25 -13 7.5 -1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.0 41 -29 7.9 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.0 20 -8 10.8 +2.1
DFIV Dimensional International Value ETF 2.0 27 -15 9.8 +1.2
VWO Vanguard FTSE Emerging Markets ETF 1.9 8 4 7.7 -1.0
IVLU iShares MSCI Intl Value Factor ETF 1.9 30 -18 10.7 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 -29 6.7 -2.0
IDMO Invesco S&P International Developed Momentum ETF 1.9 25 -13 6.8 -1.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.9 20 -8 6.3 -2.3
JHMD John Hancock Multifactor Developed International ETF 1.9 39 -27 7.4 -1.3
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.9 51 -39 6.8 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 0 5.1 -3.6
FLGR Franklin FTSE Germany ETF 1.8 9 3 7.2 -1.5
LDEM iShares ESG MSCI EM Leaders ETF 1.8 17 -5 7.9 -0.8
FIVA Fidelity International Value Factor ETF 1.8 18 -6 9.4 +0.7
DBGR Xtrackers MSCI Germany Hedged Equity ETF 1.8 45 -33 6.4 -2.3
EWG iShares MSCI Germany ETF 1.8 50 -38 6.6 -2.1
CIL VictoryShares International Volatility Wtd ETF 1.8 45 -33 6.9 -1.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.8 20 -8 7.6 -1.1
KALL KraneShares MSCI All China Index ETF 1.8 49 -37 9.7 +1.0
AVDV Avantis International Small Cap Value ETF 1.8 36 -24 7.9 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 5 7.6 -1.1
FKU First Trust United Kingdom AlphaDEX Fund 1.7 80 -68 7.6 -1.1
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -63 4.9 -3.8
IQDE FlexShares International Quality Dividend Defensive Index ET 1.7 47 -35 10.8 +2.1
ACWX iShares MSCI ACWI ex U.S. ETF 1.7 34 -22 6.7 -2.0
FJP First Trust Japan AlphaDEX Fund 1.7 80 -68 9.5 +0.9
AVDE Avantis International Equity ETF 1.7 23 -11 7.9 -0.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.7 38 -26 8.3 -0.4
FXI iShares China Large-Cap ETF 1.7 74 -62 10.2 +1.5
EDIV SPDR S&P Emerging Markets Dividend ETF 1.7 49 -37 11.1 +2.4
EWK iShares MSCI Belgium ETF 1.7 50 -38 7.8 -0.9
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.2 -2.5
EWW iShares MSCI Mexico ETF 1.6 50 -38 9.5 +0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 -18 7.8 -0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.6 39 -27 12.7 +4.0
IMTM iShares MSCI Intl Momentum Factor ETF 1.6 30 -18 6.7 -1.9
EIS iShares MSCI Israel ETF 1.6 58 -46 9.4 +0.7
IEUR iShares Core MSCI Europe ETF 1.5 11 1 -1.3 -10.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.5 20 -8 7.0 -1.7
FLLA Franklin FTSE Latin America ETF 1.5 19 -7 11.6 +2.9
FLCH Franklin FTSE China ETF 1.5 19 -7 10.0 +1.3
VGK Vanguard FTSE Europe ETF 1.5 11 1 6.9 -1.8
SCHE Schwab Emerging Markets Equity ETF 1.5 11 1 7.6 -1.1
DFIC Dimensional International Core Equity 2 ETF 1.5 23 -11 7.4 -1.3
GXC SPDR S&P China ETF 1.5 59 -47 9.4 +0.7
SPEU SPDR Portfolio Europe ETF 1.4 7 5 6.6 -2.1
BLES Inspire Global Hope ETF 1.4 61 -49 6.3 -2.4
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 3 7.6 -1.1
ASEA Global X FTSE Southeast Asia ETF 1.4 65 -53 6.6 -2.1
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 -18 6.8 -1.8
XC WisdomTree Emerging Markets Ex-China Fund 1.4 32 -20 6.2 -2.5
DFE WisdomTree Europe SmallCap Dividend Fund 1.4 58 -46 10.9 +2.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.4 35 -23 6.4 -2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.4 29 -17 6.3 -2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -54 7.3 -1.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.4 22 -10 6.3 -2.4
MEM Matthews Emerging Markets Equity Active ETF 1.4 79 -67 5.8 -2.9
ESGN Columbia International ESG Equity Income ETF 1.4 45 -33 9.0 +0.3
MCHI iShares MSCI China ETF 1.4 59 -47 9.4 +0.7
VYMI Vanguard International High Dividend Yield ETF 1.4 22 -10 9.8 +1.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.3 30 -18 6.9 -1.8
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 -23 7.8 -0.9
CID VictoryShares International High Div Volatility Wtd ETF 1.3 45 -33 9.6 +0.9
VWID Virtus WMC International Dividend ETF 1.3 49 -37 9.5 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.3 50 -38 10.6 +1.9
EMM Global X Emerging Markets ex-China ETF 1.3 75 -63 3.7 -5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 -8 5.6 -3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 -33 6.3 -2.4
DAX Global X DAX Germany ETF 1.3 21 -9 7.0 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 -13 9.1 +0.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 -3 7.1 -1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.3 80 -68 10.9 +2.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 14.2 +5.6
PIN Invesco India ETF 1.3 78 -66 3.8 -4.8
AVES Avantis Emerging Markets Value ETF 1.3 36 -24 12.2 +3.5
EMXF iShares ESG Advanced MSCI EM ETF 1.2 16 -4 7.5 -1.2
FLMX Franklin FTSE Mexico ETF 1.2 19 -7 10.6 +2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 -37 12.6 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.2 63 -51 12.8 +4.2
ROAM Hartford Multifactor Emerging Markets ETF 1.2 44 -32 11.7 +3.0
EPHE iShares MSCI Philippines ETF 1.2 59 -47 8.8 +0.1
DFAI Dimensional International Core Equity Market ETF 1.2 18 -6 6.9 -1.8
ISRA VanEck Israel ETF 1.2 59 -47 8.9 +0.2
XCEM Columbia EM Core ex-China ETF 1.2 16 -4 7.3 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 1 7.8 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 -35 10.3 +1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 -24 7.5 -1.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.1 49 -37 7.0 -1.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 -37 6.5 -2.2
AVEM Avantis Emerging Markets Equity ETF 1.1 33 -21 9.2 +0.5
SMIN iShares MSCI India Small Cap ETF 1.1 79 -67 4.5 -4.2
EWQ iShares MSCI France ETF 1.1 53 -41 5.5 -3.2
FLGB Franklin FTSE United Kingdom ETF 1.1 9 3 8.5 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 -18 7.5 -1.1
FLIN Franklin FTSE India ETF 1.0 19 -7 5.3 -3.4
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -63 5.3 -3.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 7.5 -1.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 -20 6.3 -2.4
DEW WisdomTree Global High Dividend Fund 1.0 58 -46 9.3 +0.6
EMXC iShares MSCI Emerging Markets ex China ETF 1.0 25 -13 6.6 -2.1
GLOF iShares Global Equity Factor ETF 1.0 20 -8 7.0 -1.7
AIA iShares Asia 50 ETF 1.0 50 -38 7.0 -1.7
VT Vanguard Total World Stock ETF 1.0 7 5 5.8 -2.9
JIG JPMorgan International Growth ETF 1.0 55 -43 4.3 -4.4
FM iShares Frontier and Select EM ETF 0.9 80 -68 9.5 +0.8
EZU iShares MSCI Eurozone ETF 0.9 52 -40 6.3 -2.4
FLSW Franklin FTSE Switzerland ETF 0.9 9 3 5.1 -3.6
EEM iShares MSCI Emerging Markets ETF 0.9 69 -57 7.0 -1.7
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 8.9 +0.2
INDA iShares MSCI India ETF 0.9 65 -53 3.7 -5.0
FGM First Trust Germany AlphaDEX Fund 0.9 80 -68 9.2 +0.5
NTZG Nuveen Global Net Zero Transition ETF 0.9 56 -44 4.9 -3.8
FLEE Franklin FTSE Europe ETF 0.9 9 3 6.9 -1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.9 44 -32 10.3 +1.6
STXE Strive Emerging Markets Ex-China ETF 0.9 32 -20 6.9 -1.8
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 7.8 -0.9
MOTI VanEck Morningstar International Moat ETF 0.9 58 -46 7.1 -1.6
IVAL Alpha Architect International Quantitative Value ETF 0.9 49 -37 5.7 -3.0
IDV iShares International Select Dividend ETF 0.9 51 -39 12.6 +3.9
FLEU Franklin FTSE Eurozone ETF 0.9 9 3 6.8 -1.9
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -68 10.9 +2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.9 24 -12 7.0 -1.7
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 5.3 -3.4
IGRO iShares International Dividend Growth ETF 0.8 15 -3 7.1 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 -37 6.8 -1.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -68 14.1 +5.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -76 6.1 -2.5
EPI WisdomTree India Earnings Fund 0.8 85 -73 6.8 -1.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -68 16.4 +7.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 -37 8.4 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 -30 5.8 -2.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.8 58 -46 5.5 -3.2
EWU iShares MSCI United Kingdom ETF 0.8 50 -38 8.1 -0.6
VIDI Vident International Equity Strategy ETF 0.8 61 -49 12.1 +3.4
SDIV Global X Superdividend ETF 0.7 58 -46 18.0 +9.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 6.4 -2.3
RNEM First Trust Emerging Markets Equity Select ETF 0.7 75 -63 8.4 -0.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.7 32 -20 5.9 -2.8
CN Xtrackers MSCI All China Equity ETF 0.7 50 -38 9.3 +0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.7 32 -20 7.6 -1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.7 80 -68 10.6 +2.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.7 18 -6 7.9 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 8.6 -0.1
FSZ First Trust Switzerland AlphaDEX Fund 0.7 80 -68 4.1 -4.6
DVYE iShares Emerging Markets Dividend ETF 0.7 49 -37 16.7 +8.0
IEV iShares Europe ETF 0.7 67 -55 6.2 -2.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.7 25 -13 7.0 -1.7
BKF iShares MSCI BIC ETF 0.7 69 -57 7.3 -1.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.7 42 -30 5.1 -3.6
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 -13 7.7 -1.0
ACWI iShares MSCI ACWI ETF 0.6 32 -20 5.5 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 8.6 -0.1
EWD iShares MSCI Sweden ETF 0.6 54 -42 5.9 -2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 -21 7.2 -1.5
CRUZ Defiance Hotel Airline and Cruise ETF 0.6 45 -33 -5.1 -13.8
EFG iShares MSCI EAFE Growth ETF 0.6 36 -24 4.1 -4.6
URTH iShares MSCI World ETF 0.6 24 -12 5.4 -3.3
EWL iShares MSCI Switzerland ETF 0.6 50 -38 4.1 -4.6
IVRA Invesco Real Assets ESG ETF 0.6 59 -47 7.2 -1.5
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 9.3 +0.6
KSA iShares MSCI Saudi Arabia ETF 0.6 74 -62 5.3 -3.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.6 67 -55 17.1 +8.4
ILF iShares Latin America 40 ETF 0.6 48 -36 10.2 +1.6
ECNS iShares MSCI China Small-Cap ETF 0.6 59 -47 14.4 +5.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.6 58 -46 7.3 -1.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.6 58 -46 7.1 -1.6
RFEU First Trust Riverfront Dynamic Europe ETF 0.6 83 -71 8.9 +0.2
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 -13 8.7 +0.0
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 6.8 -1.9
EUDV ProShares MSCI Europe Dividend Growers ETF 0.5 55 -43 5.0 -3.7
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 -3 5.5 -3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 5.7 -3.0
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 5.5 -3.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.5 -3.2
TOK iShares MSCI Kokusai ETF 0.4 26 -14 5.3 -3.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -17 8.2 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 -18 6.1 -2.6
CNYA iShares MSCI China A ETF 0.4 60 -48 8.5 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -68 8.5 -0.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.4 65 -53 8.8 +0.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 -13 6.1 -2.6
DIHP Dimensional International High Profitability ETF 0.4 29 -17 6.9 -1.8
GLIF AGF Global Infrastructure ETF 0.4 45 -33 5.5 -3.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -78 6.8 -1.9
JRE Janus Henderson U.S. Real Estate ETF 0.4 65 -53 6.3 -2.3
CGXU Capital Group International Focus Equity ETF 0.4 54 -42 4.2 -4.5
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -68 4.5 -4.2
DWMF WisdomTree International Multifactor Fund 0.3 38 -26 7.4 -1.3
JPRE JPMorgan Realty Income ETF 0.3 50 -38 6.9 -1.8
HOMZ Hoya Capital Housing ETF 0.3 30 -18 8.2 -0.5
HAUS Residential REIT ETF 0.3 60 -48 6.1 -2.6
EWZS iShares MSCI Brazil Small-Cap ETF 0.3 59 -47 8.1 -0.6
QAT iShares MSCI Qatar ETF 0.3 59 -47 9.2 +0.5
FRDM Freedom 100 Emerging Markets ETF 0.3 49 -37 7.3 -1.4
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 9.2 +0.5
QINT American Century Quality Diversified International ETF 0.3 39 -27 7.4 -1.2
EFNL iShares MSCI Finland ETF 0.3 56 -44 8.1 -0.6
AGNG Global X Aging Population ETF 0.3 50 -38 4.1 -4.6
MCH Matthews China Active ETF 0.3 79 -67 6.4 -2.3
ENZL iShares MSCI New Zealand ETF 0.3 50 -38 2.6 -6.1
EWO iShares MSCI Austria ETF 0.3 50 -38 12.9 +4.2
BBCA JPMorgan BetaBuilders Canada ETF 0.3 19 -7 7.1 -1.6
NDIA Global X India Active ETF 0.3 75 -63 6.6 -2.1
FCA First Trust China AlphaDEX Fund 0.3 80 -68 17.6 +8.9
IVES Wedbush ETFMG Global Cloud Technology ETF 0.3 68 -56 1.4 -7.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 2.9 -5.8
EWC iShares MSCI Canada ETF 0.3 50 -38 7.0 -1.7
AFK VanEck Africa Index ETF 0.2 98 -86 9.6 +0.9
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.2 55 -43 8.4 -0.2
GDVD R3 Global Dividend Growth ETF 0.2 88 -76 5.8 -2.8
EIDO iShares MSCI Indonesia ETF 0.2 59 -47 7.3 -1.4
EWT iShares MSCI Taiwan ETF 0.2 58 -46 5.6 -3.1
RAYC Rayliant Quantamental China Equity ETF 0.2 80 -68 8.6 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 -13 7.5 -1.2
IPOS Renaissance International IPO ETF 0.2 80 -68 -166.0 -174.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -58 4.5 -4.2
IDX VanEck Indonesia Index ETF 0.2 57 -45 7.8 -0.9
FPXI First Trust International Equity Opportunities ETF 0.2 70 -58 3.6 -5.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 -8 6.8 -1.9
DTCR Global X Data Center & Digital Infrastructure ETF 0.2 50 -38 2.7 -6.0
WLDR Affinity World Leaders Equity ETF 0.2 67 -55 8.4 -0.3
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 5.8 -2.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 6.2 -2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.2 95 -83 11.5 +2.8
BRF VanEck Brazil Small-Cap ETF 0.2 66 -54 7.8 -0.9
ECH iShares MSCI Chile ETF 0.2 58 -46 10.8 +2.1
EWN iShares MSCI Netherlands ETF 0.2 50 -38 4.7 -4.0
FLBR Franklin FTSE Brazil ETF 0.2 19 -7 12.4 +3.7
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -77 4.7 -3.9
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 -47 5.6 -3.1
TUR iShares MSCI Turkey ETF 0.1 58 -46 18.7 +10.0
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 5.8 -2.9
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 12.2 +3.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -46 6.1 -2.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.1 60 -48 10.1 +1.4
NORW Global X MSCI Norway ETF 0.1 50 -38 7.5 -1.2
ENOR iShares MSCI Norway ETF 0.1 53 -41 7.6 -1.1
KGRN KraneShares MSCI China Clean Technology Index ETF 0.1 79 -67 6.3 -2.3
GREK Global X MSCI Greece ETF 0.1 57 -45 -1.6 -10.3
FYLD Cambria Foreign Shareholder Yield ETF 0.1 59 -47 12.0 +3.3
EIRL iShares MSCI Ireland ETF 0.1 50 -38 5.8 -2.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 6.0 -2.7
CLOU Global X Cloud Computing ETF 0.1 68 -56 2.0 -6.7
PTEC Global X PropTech ETF 0.0 50 -38 1.7 -7.0
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.0 69 -57 0.0 -8.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.0 40 -28 7.2 -1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 -30 6.8 -1.9
THD iShares MSCI Thailand ETF 0.0 58 -46 5.6 -3.0

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 6.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.50
 
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.