Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.1x P/Sales
ratio		 2.2x
P/BV
ratio		 0.8x Div.
yield		 4.4%


  • 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) $3,294
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 715
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 2.9 %
MITSUI FUDOSAN CO LTD 2.5 %
SUN HUNG KAI PROPERTIES 2.3 %
SUMITOMO REALTY & DEVELOPMNT 2.0 %
DEUTSCHE ANNINGTON IMMOBILIE 1.9 %
EMAAR PROPERTIES PJSC 1.8 %
SEGRO PLC 1.7 %
DAIWA HOUSE INDUSTRY CO LTD 1.6 %
SCENTRE GROUP 1.4 %
Total 22.2 %

TOP COUNTRY EXPOSURE
JAPAN 20.9 %
AUSTRALIA 10.3 %
HONG KONG 10.0 %
BRITAIN 6.6 %
SINGAPORE 5.7 %
UAE 2.9 %
SWITZERLAND 2.9 %
GERMANY 2.8 %
ISRAEL 2.8 %
SWEDEN 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.2% 1.8% -1.1% 2.3% 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.66 36%
MSCI EAFE 0.74 70%
MSCI Emg. Mkts. 0.39 41%

Technical Indicators
Recent close $46.11
30d moving avg. $45.25
Annualized volatility 17.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 218
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 365 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™: 8.4%


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 63.3 48 -36 7.2 -1.2
RWX SPDR Dow Jones International Real Estate ETF 42.6 59 -47 7.0 -1.4
ERET iShares Environmentally Aware Real Estate ETF 33.0 30 -18 6.5 -1.9
VGSR Vert Global Sustainable Real Estate ETF 29.6 47 -35 6.7 -1.7
AVRE Avantis Real Estate ETF 25.2 17 -5 6.5 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 24.8 50 -38 6.0 -2.4
REET iShares Global REIT ETF 23.6 14 -2 6.6 -1.8
DFGR Dimensional Global Real Estate ETF 22.4 22 -10 6.7 -1.7
GQRE FlexShares Global Quality Real Estate Index Fund 20.6 45 -33 7.0 -1.4
JIVE JPMorgan International Value ETF 12.0 55 -43 8.1 -0.3
ERTH Invesco MSCI Sustainable Future ETF 11.8 62 -50 3.3 -5.1
IQRA IQ CBRE Real Assets ETF 11.5 65 -53 5.7 -2.7
IDLV Invesco S&P International Developed Low Volatility ETF 11.1 25 -13 6.2 -2.2
WTRE WisdomTree New Economy Real Estate Fund 11.0 58 -46 -0.3 -8.7
SCZ iShares MSCI EAFE Small-Cap ETF 8.8 40 -28 6.2 -2.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.7 80 -68 5.2 -3.2
JPIN J.P. Morgan Diversified Return International Equity ETF 7.7 37 -25 7.0 -1.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 7.5 19 -7 5.2 -3.2
IEUS iShares MSCI Europe Small-Cap ETF 7.3 42 -30 6.8 -1.6
DWX SPDR S&P International Dividend ETF 7.2 45 -33 6.6 -1.8
SCJ iShares MSCI Japan Small-Cap ETF 7.1 50 -38 5.6 -2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.1 49 -37 6.1 -2.3
EWH iShares MSCI Hong Kong ETF 6.9 50 -38 5.2 -3.2
DIM WisdomTree International MidCap Dividend Fund 6.9 58 -46 6.3 -2.1
EPP iShares MSCI Pacific ex-Japan ETF 6.8 47 -35 4.8 -3.6
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 6.5 60 -48 5.3 -3.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.3 12 0 5.3 -3.1
INDS Pacer Industrial Real Estate ETF 6.2 55 -43 5.7 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.1 8 4 6.6 -1.8
SCHC Schwab International Small-Cap Equity ETF 6.0 11 1 6.8 -1.6
FLAU Franklin FTSE Australia ETF 5.9 9 3 5.8 -2.6
FNDC Schwab Fundamental International Small Co. Index ETF 5.6 39 -27 6.8 -1.6
GWX SPDR S&P International Small Cap ETF 5.4 40 -28 6.2 -2.2
EFAS Global X MSCI SuperDividend EAFE ETF 5.2 57 -45 7.0 -1.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.2 80 -68 8.0 -0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.1 32 -20 5.2 -3.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.0 80 -68 7.2 -1.2
ISCF iShares International SmallCap Equity Factor ETF 5.0 23 -11 7.4 -1.0
GVAL Cambria Global Value ETF 4.9 68 -56 8.6 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 4.9 24 -12 6.9 -1.5
SPRE SP Funds S&P Global REIT Sharia ETF 4.9 55 -43 5.2 -3.2
EWA iShares MSCI Australia ETF 4.8 50 -38 5.2 -3.2
DTH WisdomTree International High Dividend Fund 4.7 58 -46 7.2 -1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 4.6 49 -37 4.6 -3.8
IPAC iShares Core MSCI Pacific ETF 4.6 9 3 5.5 -2.9
FEP First Trust Europe AlphaDEX Fund 4.4 80 -68 6.9 -1.5
RCGE RockCreek Global Equality ETF 4.4 95 -83 5.7 -2.7
FID First Trust S&P International Dividend Aristocrats ETF 4.4 60 -48 7.6 -0.8
JHID John Hancock International High Dividend ETF 4.3 46 -34 7.8 -0.6
UIVM VictoryShares International Value Momentum ETF 4.3 35 -23 8.0 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 4.2 59 -47 7.1 -1.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.1 70 -58 7.0 -1.4
WDIV SPDR S&P Global Dividend ETF 4.0 40 -28 8.8 +0.4
FEUZ First Trust Eurozone AlphaDEX ETF 3.8 80 -68 6.6 -1.8
BYRE Principal Real Estate Active Opportunities ETF 3.7 65 -53 6.7 -1.7
VPL Vanguard FTSE Pacific ETF 3.6 7 5 5.5 -2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 3.5 65 -53 7.0 -1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.4 29 -17 6.9 -1.5
DLS WisdomTree International SmallCap Dividend Fund 3.4 58 -46 7.5 -0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 -38 5.6 -2.8
WSML iShares MSCI World Small-Cap ETF 3.2 15 -3 5.4 -3.0
BLDG Cambria Global Real Estate ETF 3.2 60 -48 10.4 +2.0
EWJV iShares MSCI Japan Value ETF 3.1 15 -3 6.8 -1.6
FKU First Trust United Kingdom AlphaDEX Fund 3.1 80 -68 7.0 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 0 4.5 -3.9
UAE iShares MSCI UAE ETF 2.9 59 -47 0.0 -8.4
IQDF FlexShares International Quality Dividend Index Fund 2.9 47 -35 7.6 -0.8
DMXF iShares ESG Advanced MSCI EAFE ETF 2.9 12 0 4.9 -3.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.9 22 -10 5.6 -2.8
FIDI Fidelity International High Dividend ETF 2.8 18 -6 7.0 -1.4
EIS iShares MSCI Israel ETF 2.8 58 -46 6.9 -1.5
AIVI WisdomTree International AI Enhanced Value Fund 2.8 58 -46 6.2 -2.2
FLJP Franklin FTSE Japan ETF 2.7 9 3 5.5 -2.9
DVYA iShares Asia/Pacific Dividend ETF 2.7 49 -37 6.7 -1.7
REAI Intelligent Real Estate ETF 2.6 59 -47 5.5 -2.9
FLJH Franklin FTSE Japan Hedged ETF 2.6 9 3 5.1 -3.3
IEFA iShares Core MSCI EAFE ETF 2.6 7 5 6.0 -2.4
EFV iShares MSCI EAFE Value ETF 2.6 34 -22 7.4 -1.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.6 67 -55 12.3 +3.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 -46 8.8 +0.4
VSGX Vanguard ESG International Stock ETF 2.6 10 2 6.7 -1.7
DISV Dimensional International Small Cap Value ETF 2.5 42 -30 8.1 -0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -66 9.4 +1.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.5 42 -30 8.2 -0.2
INTF iShares International Equity Factor ETF 2.5 15 -3 6.5 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.4 59 -47 9.0 +0.6
DWM WisdomTree International Equity Fund 2.4 48 -36 5.6 -2.8
IDEV iShares Core MSCI International Developed Markets ETF 2.4 4 8 6.0 -2.4
AVDS Avantis International Small Cap Equity ETF 2.3 30 -18 6.1 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.3 39 -27 6.3 -2.1
RITA ETFB Green SRI REITs ETF 2.3 50 -38 5.2 -3.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.3 40 -28 5.6 -2.8
DFIS Dimensional International Small Cap ETF 2.3 39 -27 6.2 -2.2
VEA Vanguard FTSE Developed Markets ETF 2.3 3 9 6.0 -2.4
JPXN iShares JPX-Nikkei 400 ETF 2.3 48 -36 5.5 -2.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.2 39 -27 7.0 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 3 9 5.9 -2.5
TPIF Timothy Plan International ETF 2.2 62 -50 5.6 -2.8
WWJD Inspire International ETF 2.2 80 -68 6.3 -2.1
IQSI IQ Candriam International Equity ETF 2.1 15 -3 5.6 -2.8
BBJP JPMorgan BetaBuilders Japan ETF 2.1 19 -7 5.4 -3.0
LVHI Franklin International Low Volatility High Dividend Index ET 2.1 40 -28 7.2 -1.2
VXUS Vanguard Total International Stock ETF 2.1 5 7 6.7 -1.7
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 5 6.7 -1.7
HFXI IQ FTSE International Equity Currency Neutral ETF 2.0 20 -8 5.6 -2.8
INEQ Columbia International Equity Income ETF 2.0 45 -33 7.7 -0.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.9 33 -21 7.0 -1.4
DFEV Dimensional Emerging Markets Value ETF 1.9 43 -31 9.9 +1.5
FGM First Trust Germany AlphaDEX Fund 1.9 80 -68 5.1 -3.3
EWS iShares MSCI Singapore ETF 1.9 50 -38 3.7 -4.7
XC WisdomTree Emerging Markets Ex-China Fund 1.9 32 -20 6.5 -1.9
FLLA Franklin FTSE Latin America ETF 1.9 19 -7 10.7 +2.3
AVSD Avantis Responsible International Equity ETF 1.9 23 -11 5.9 -2.5
EWJ iShares MSCI Japan ETF 1.9 50 -38 5.0 -3.4
HEWJ iShares Currency Hedged MSCI Japan ETF 1.8 50 -38 5.3 -3.1
SCHF Schwab International Equity ETF 1.8 6 6 6.0 -2.4
ISRA VanEck Israel ETF 1.8 59 -47 6.1 -2.3
GSID Goldman Sachs MarketBeta International Equity ETF 1.8 20 -8 5.8 -2.6
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 -51 10.5 +2.1
FJP First Trust Japan AlphaDEX Fund 1.8 80 -68 7.8 -0.6
AVES Avantis Emerging Markets Value ETF 1.8 36 -24 9.4 +1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.7 47 -35 4.6 -3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 -3 5.8 -2.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.7 20 -8 5.6 -2.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 4 8 6.8 -1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 1.7 55 -43 5.7 -2.7
CIL VictoryShares International Volatility Wtd ETF 1.7 45 -33 5.9 -2.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 -8 5.7 -2.7
BKIE BNY Mellon International Equity ETF 1.7 4 8 17.9 +9.5
SRET Global X SuperDividend REIT ETF 1.6 59 -47 12.1 +3.7
IDMO Invesco S&P International Developed Momentum ETF 1.6 25 -13 5.3 -3.1
DFIV Dimensional International Value ETF 1.6 27 -15 7.7 -0.7
EWW iShares MSCI Mexico ETF 1.6 50 -38 8.3 -0.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.6 41 -29 7.3 -1.1
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 5 9.4 +1.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.6 80 -68 9.8 +1.4
EFA iShares MSCI EAFE ETF 1.6 35 -23 5.7 -2.7
HEFA iShares Currency Hedged MSCI EAFE ETF 1.6 35 -23 5.6 -2.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.5 30 -18 6.0 -2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 -22 5.2 -3.2
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 5 9.7 +1.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 -46 9.1 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.5 45 -33 6.8 -1.6
FIVA Fidelity International Value Factor ETF 1.5 18 -6 7.2 -1.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 -7 7.5 -0.9
EWK iShares MSCI Belgium ETF 1.5 50 -38 3.8 -4.6
DFSI Dimensional International Sustainability Core 1 ETF 1.5 24 -12 5.6 -2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.5 14 -2 5.3 -3.1
FEOE First Eagle Overseas Equity ETF 1.4 79 -67 6.1 -2.3
IQLT iShares MSCI Intl Quality Factor ETF 1.4 30 -18 5.4 -3.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.4 36 -24 5.1 -3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 -32 9.5 +1.1
IVLU iShares MSCI Intl Value Factor ETF 1.4 30 -18 8.0 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 -18 6.5 -1.9
VGK Vanguard FTSE Europe ETF 1.4 6 6 6.5 -1.9
IEUR iShares Core MSCI Europe ETF 1.4 11 1 6.4 -2.0
EWQ iShares MSCI France ETF 1.4 53 -41 6.5 -1.9
RAYJ Rayliant SMDAM Japan Equity ETF 1.4 72 -60 3.1 -5.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.4 20 -8 5.6 -2.8
DFIC Dimensional International Core Equity 2 ETF 1.3 23 -11 6.3 -2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 -6 6.4 -2.0
FRGN Horizon International Equity ETF 1.3 75 -63 8.0 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 1.3 83 -71 7.5 -0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 -26 7.4 -1.0
DWMF WisdomTree International Multifactor Fund 1.3 38 -26 6.9 -1.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.3 33 -21 6.5 -1.9
AVDE Avantis International Equity ETF 1.3 23 -11 6.2 -2.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.3 80 -68 12.8 +4.4
VEXC Vanguard Emerging Markets Ex-China ETF 1.3 7 5 5.9 -2.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -78 3.9 -4.5
FLCH Franklin FTSE China ETF 1.3 19 -7 18.3 +9.9
SPEU SPDR Portfolio Europe ETF 1.3 7 5 6.4 -2.0
JHMD John Hancock Multifactor Developed International ETF 1.3 39 -27 6.2 -2.2
GXC SPDR S & P China ETF 1.3 59 -47 19.1 +10.7
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 -4 6.9 -1.5
FLMX Franklin FTSE Mexico ETF 1.3 19 -7 8.7 +0.4
FENI Fidelity Enhanced International ETF 1.3 28 -16 5.8 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 -19 5.4 -3.0
DXIV Dimensional International Vector Equity ETF 1.2 34 -22 6.6 -1.8
IDV iShares International Select Dividend ETF 1.2 51 -39 9.2 +0.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 56 -44 9.5 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 -35 7.3 -1.1
BLES Inspire Global Hope ETF 1.2 61 -49 5.7 -2.7
MCH Matthews China Active ETF 1.2 79 -67 15.3 +6.9
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 7.4 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 -22 6.5 -1.9
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 3 8.6 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 -37 13.5 +5.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 -58 7.3 -1.1
JADE JPMorgan Active Developing Markets Equity ETF 1.2 65 -53 6.3 -2.1
FLGR Franklin FTSE Germany ETF 1.2 9 3 6.7 -1.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 -33 9.6 +1.2
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 5.6 -2.8
DFAI Dimensional International Core Equity Market ETF 1.2 18 -6 6.0 -2.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 -13 5.6 -2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 -27 13.7 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 -3 9.3 +0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.1 35 -23 5.7 -2.7
INDA iShares MSCI India ETF 1.1 65 -53 4.5 -3.9
ASEA Global X FTSE Southeast Asia ETF 1.1 65 -53 5.1 -3.3
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 -23 7.4 -1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.1 25 -13 6.1 -2.3
EMM Global X Emerging Markets ex-China ETF 1.1 75 -63 5.1 -3.3
SCHE Schwab Emerging Markets Equity ETF 1.1 11 1 9.6 +1.2
VYMI Vanguard International High Dividend Yield ETF 1.1 17 -5 7.8 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -38 8.7 +0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.1 35 -23 10.4 +2.1
LDEM iShares ESG MSCI EM Leaders ETF 1.0 17 -5 13.2 +4.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.0 25 -13 10.9 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 -29 6.0 -2.4
EMC Global X Emerging Markets Great Consumer ETF 1.0 75 -63 7.6 -0.8
MCHI iShares MSCI China ETF 1.0 59 -47 20.6 +12.2
IMTM iShares MSCI Intl Momentum Factor ETF 1.0 30 -18 4.8 -3.6
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 -18 6.5 -1.9
FXI iShares China Large-Cap ETF 1.0 74 -62 20.7 +12.3
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 -32 7.9 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 2 5.0 -3.4
XCEM Columbia EM Core ex-China ETF 1.0 16 -4 5.3 -3.1
AVDV Avantis International Small Cap Value ETF 0.9 36 -24 8.0 -0.4
ECNS iShares MSCI China Small-Cap ETF 0.9 59 -47 9.9 +1.5
FLN First Trust Latin America AlphaDEX Fund 0.9 80 -68 9.9 +1.5
ECON Columbia Emerging Markets Consumer ETF 0.9 49 -37 7.0 -1.4
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 5.6 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 -8 4.8 -3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 -41 5.5 -2.9
FLIN Franklin FTSE India ETF 0.9 19 -7 4.1 -4.3
EWG iShares MSCI Germany ETF 0.9 50 -38 6.0 -2.4
EWL iShares MSCI Switzerland ETF 0.9 50 -38 5.4 -3.0
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 2 5.9 -2.5
BKF iShares MSCI BIC ETF 0.9 69 -57 14.7 +6.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 -24 8.0 -0.4
DAX Global X DAX Germany ETF 0.9 21 -9 6.2 -2.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 -17 8.8 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 -18 8.4 -0.0
AVIV Avantis International Large Cap Value ETF 0.9 25 -13 6.9 -1.5
JIRE JPMorgan International Research Enhanced Equity ETF 0.9 24 -12 5.7 -2.7
GLOF iShares Global Equity Factor ETF 0.9 20 -8 5.6 -2.8
DEW WisdomTree Global High Dividend Fund 0.9 58 -46 6.9 -1.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.8 45 -33 5.4 -3.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.8 11 1 25.3 +16.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 3 6.6 -1.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 5.5 -2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -54 7.7 -0.7
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 4.8 -3.6
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.8 69 -57 7.9 -0.5
EEM iShares MSCI Emerging Markets ETF 0.8 69 -57 8.3 -0.1
FSZ First Trust Switzerland AlphaDEX Fund 0.8 80 -68 5.2 -3.2
FLGB Franklin FTSE United Kingdom ETF 0.8 9 3 6.6 -1.8
FLEE Franklin FTSE Europe ETF 0.8 9 3 6.3 -2.1
VT Vanguard Total World Stock ETF 0.8 6 6 5.1 -3.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 -3 8.4 +0.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.8 9 3 7.4 -1.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 -37 8.9 +0.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 4.5 -3.9
FRDM Freedom 100 Emerging Markets ETF 0.8 49 -37 5.8 -2.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 -37 8.9 +0.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -46 7.7 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 7.8 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 -24 6.3 -2.1
EWU iShares MSCI United Kingdom ETF 0.7 50 -38 7.1 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 -13 5.4 -3.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 -13 7.4 -1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 -21 7.1 -1.3
QINT American Century Quality Diversified International ETF 0.7 39 -27 6.6 -1.8
SMIN iShares MSCI India Small Cap ETF 0.7 79 -67 3.3 -5.1
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -13 9.4 +1.0
EWD iShares MSCI Sweden ETF 0.7 54 -42 5.1 -3.3
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -68 9.3 +0.9
EPI WisdomTree India Earnings Fund 0.7 85 -73 5.1 -3.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 -37 7.9 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 8.5 +0.1
KSA iShares MSCI Saudi Arabia ETF 0.6 74 -62 0.0 -8.4
IEV iShares Europe ETF 0.6 67 -55 5.8 -2.6
EZU iShares MSCI Eurozone ETF 0.6 52 -40 5.6 -2.8
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.6 53 -41 5.4 -3.0
WLDR Affinity World Leaders Equity ETF 0.6 67 -55 5.8 -2.6
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 8.2 -0.2
IGRO iShares International Dividend Growth ETF 0.6 15 -3 6.5 -1.9
FEGE First Eagle Global Equity ETF 0.6 79 -67 6.0 -2.4
ECH iShares MSCI Chile ETF 0.6 58 -46 7.7 -0.7
STXI Strive International Developed Markets ETF 0.6 29 -17 6.3 -2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 -20 7.9 -0.5
EPHE iShares MSCI Philippines ETF 0.5 59 -47 0.0 -8.4
EFG iShares MSCI EAFE Growth ETF 0.5 36 -24 3.9 -4.5
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 7.8 -0.6
AIA iShares Asia 50 ETF 0.5 50 -38 8.2 -0.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 -13 6.3 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 -37 7.9 -0.5
CGV Conductor Global Equity Value ETF 0.5 130 -118 8.0 -0.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 6.7 -1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 -20 5.0 -3.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 -36 9.0 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 -30 4.0 -4.4
VIDI Vident International Equity Strategy ETF 0.5 61 -49 8.4 +0.0
BINV Brandes International ETF 0.5 70 -58 8.2 -0.2
ILF iShares Latin America 40 ETF 0.5 48 -36 9.6 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 -34 5.3 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 -13 6.3 -2.1
AGNG Global X Aging Population ETF 0.5 50 -38 4.1 -4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 3 4.9 -3.5
ACWI iShares MSCI ACWI ETF 0.4 32 -20 4.7 -3.7
IPKW Invesco International BuyBack Achievers ETF 0.4 55 -43 8.0 -0.4
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -73 4.7 -3.7
STXE Strive Emerging Markets Ex-China ETF 0.4 32 -20 5.6 -2.8
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -77 4.3 -4.1
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -53 3.7 -4.7
URTH iShares MSCI World ETF 0.4 24 -12 4.3 -4.1
DIHP Dimensional International High Profitability ETF 0.4 29 -17 5.8 -2.6
IMOM Alpha Architect International Quantitative Momentum ETF 0.4 49 -37 4.7 -3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -76 8.4 -0.0
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.6 -4.8
OAIM OneAscent International Equity ETF 0.3 95 -83 4.7 -3.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 4.2 -4.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 -17 7.4 -1.0
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 3 6.2 -2.2
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 -27 0.0 -8.4
FDD First Trust Stoxx European Select Dividend Index Fund 0.3 58 -46 9.7 +1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 -20 14.6 +6.2
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 -13 8.7 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -30 5.7 -2.7
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.3 -4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 3 4.4 -4.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 5.2 -3.2
EPU iShares MSCI Peru and Global Exposure ETF 0.3 59 -47 4.5 -3.9
AFK VanEck Africa Index ETF 0.3 98 -86 11.7 +3.3
NDIA Global X India Active ETF 0.3 75 -63 5.0 -3.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 -46 5.2 -3.2
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 -18 5.1 -3.3
QAT iShares MSCI Qatar ETF 0.2 59 -47 50.1 +41.7
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -53 3.5 -4.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 5.4 -3.0
PIN Invesco India ETF 0.2 78 -66 5.4 -3.0
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -53 4.9 -3.5
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.6 -4.8
DVYE iShares Emerging Markets Dividend ETF 0.2 49 -37 17.8 +9.4
SDIV Global X Superdividend ETF 0.2 58 -46 13.7 +5.3
EWO iShares MSCI Austria ETF 0.2 50 -38 7.4 -1.0
EFNL iShares MSCI Finland ETF 0.2 56 -44 6.0 -2.4
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -47 12.2 +3.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.9 +3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 10.3 +1.9
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 -33 4.4 -4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -28 6.4 -2.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 5.6 -2.8
IVSI Applied Finance IVS International Large ETF 0.1 65 -53 5.8 -2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.0 -3.4
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 -6 0.0 -8.4
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 5.0 -3.4
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 9.3 +0.9
EWN iShares MSCI Netherlands ETF 0.1 50 -38 4.7 -3.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.4 -2.0
TUR iShares MSCI Turkey ETF 0.1 58 -46 13.4 +5.0
FLTW Franklin FTSE Taiwan ETF 0.1 19 -7 3.7 -4.7
EIRL iShares MSCI Ireland ETF 0.1 50 -38 6.8 -1.6
CNYA iShares MSCI China A ETF 0.1 60 -48 6.7 -1.7
GREK Global X MSCI Greece ETF 0.1 57 -45 8.7 +0.3
ENOR iShares MSCI Norway ETF 0.1 53 -41 8.2 -0.2
NORW Global X MSCI Norway ETF 0.1 50 -38 8.4 +0.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 2.7 -5.7
IDX VanEck Indonesia Index ETF 0.0 57 -45 10.2 +1.8
EIDO iShares MSCI Indonesia ETF 0.0 59 -47 11.2 +2.9
BRAZ Global X Brazil Active ETF 0.0 75 -63 10.3 +2.0
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 11.9 +3.5
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.4 -2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 -30 4.1 -4.3

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 8.4 %
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.