Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.0x P/Sales
ratio		 2.5x
P/BV
ratio		 0.9x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Global ex-U.S. Real Estate ETF seeks to track the S&P Global ex-US Property Index, which includes real estate companies in both developed and emerging markets.

FUND BASICS
Category Global Equities
Fund Sponsor Vanguard Group
Website www.vanguard.com
Inception date Nov 01, 2010
Assets (mns) $3,340
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 721
Wgt avg mkt cap (mns) $9,341
Large cap (>$10bn) 33.0%
Mid cap ($2-10bn) 44.9%
Small cap (<$2bn) 21.9%
Developed mkts 81.1%
Emerging mkts 18.9%

TOP TEN HOLDINGS
GOODMAN GROUP 4.2 %
MITSUI FUDOSAN CO LTD 2.8 %
MITSUBISHI ESTATE CO LTD 2.5 %
DEUTSCHE ANNINGTON IMMOBILIE 2.5 %
EMAAR PROPERTIES PJSC 2.3 %
DAIWA HOUSE INDUSTRY CO LTD 2.0 %
SUMITOMO REALTY & DEVELOPMNT 2.0 %
SUN HUNG KAI PROPERTIES 1.7 %
SCENTRE GROUP 1.3 %
LINK REIT 1.3 %
Total 22.6 %

TOP COUNTRY EXPOSURE
JAPAN 21.7 %
AUSTRALIA 11.2 %
HONG KONG 9.0 %
BRITAIN 5.7 %
SINGAPORE 5.3 %
GERMANY 3.6 %
UAE 3.6 %
SWEDEN 2.7 %
SWITZERLAND 2.7 %
INDIA 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.7% 1.8% 2.0% 2.8% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.73 30%
MSCI EAFE 0.82 48%
MSCI Emg. Mkts. 0.79 50%

Technical Indicators
Recent close $47.14
30d moving avg. $47.68
Annualized volatility 17.7%
Short interest (ETF) 0.8%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 223
Turnover 0.3%
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™: 8.2%


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 71.7 10 2 8.2 -0.0
IFGL iShares International Developed Real Estate ETF 62.5 48 -36 7.1 -1.0
RWX SPDR Dow Jones International Real Estate ETF 39.5 59 -47 7.0 -1.2
ERET iShares Environmentally Aware Real Estate ETF 36.4 30 -18 7.4 -0.7
VGSR Vert Global Sustainable Real Estate ETF 30.1 47 -35 7.6 -0.6
RWO SPDR Dow Jones Global Real Estate ETF 27.4 50 -38 7.1 -1.1
AVRE Avantis Real Estate ETF 25.8 17 -5 7.4 -0.8
REET iShares Global REIT ETF 25.3 14 -2 7.6 -0.6
DFGR Dimensional Global Real Estate ETF 24.5 22 -10 7.6 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 22.2 45 -33 8.1 -0.1
IQRA IQ CBRE Real Assets ETF 11.9 65 -53 5.7 -2.4
IDLV Invesco S&P International Developed Low Volatility ETF 11.5 25 -13 6.5 -1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 9.6 19 -7 5.9 -2.3
SCZ iShares MSCI EAFE Small-Cap ETF 9.5 40 -28 6.9 -1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.3 80 -68 6.1 -2.1
DIM WisdomTree International MidCap Dividend Fund 9.2 58 -46 7.6 -0.5
DWX SPDR S&P International Dividend ETF 8.9 45 -33 6.3 -1.9
SCJ iShares MSCI Japan Small-Cap ETF 8.8 50 -38 6.7 -1.5
ERTH Invesco MSCI Sustainable Future ETF 8.4 62 -50 3.5 -4.7
JPIN J.P. Morgan Diversified Return International Equity ETF 8.3 37 -25 8.3 +0.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.1 49 -37 6.9 -1.3
IEUS iShares MSCI Europe Small-Cap ETF 7.7 42 -30 7.4 -0.8
EPP iShares MSCI Pacific ex-Japan ETF 7.6 47 -35 5.2 -3.0
FLAU Franklin FTSE Australia ETF 7.5 9 3 6.1 -2.1
FLHK Franklin FTSE Hong Kong ETF 7.1 9 3 6.7 -1.5
SCHC Schwab International Small-Cap Equity ETF 6.9 11 1 6.6 -1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 6.8 8 4 6.1 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 6.5 39 -27 5.8 -2.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.1 12 0 5.9 -2.3
EWH iShares MSCI Hong Kong ETF 6.1 50 -38 5.2 -3.0
EWA iShares MSCI Australia ETF 5.7 50 -38 5.7 -2.5
GWX SPDR S&P International Small Cap ETF 5.7 40 -28 6.0 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 5.6 49 -37 5.7 -2.5
INDS Pacer Industrial Real Estate ETF 5.5 55 -43 6.8 -1.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.5 60 -48 6.1 -2.1
IPAC iShares Core MSCI Pacific ETF 5.5 9 3 6.2 -2.0
SPRE SP Funds S&P Global REIT Sharia ETF 5.3 55 -43 6.1 -2.0
ISCF iShares International SmallCap Equity Factor ETF 4.9 23 -11 8.2 +0.0
RCGE RockCreek Global Equality ETF 4.9 95 -83 6.8 -1.4
SRET Global X SuperDividend REIT ETF 4.8 59 -47 12.2 +4.0
DTH WisdomTree International High Dividend Fund 4.8 58 -46 8.5 +0.4
VPL Vanguard FTSE Pacific ETF 4.7 7 5 6.5 -1.6
GVAL Cambria Global Value ETF 4.7 68 -56 10.2 +2.1
DVYA iShares Asia/Pacific Dividend ETF 4.6 49 -37 7.5 -0.7
AIVI WisdomTree International AI Enhanced Value Fund 4.5 58 -46 7.2 -0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.3 58 -46 8.6 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 4.3 60 -48 8.0 -0.2
WDIV SPDR S&P Global Dividend ETF 4.3 40 -28 9.4 +1.2
EWJV iShares MSCI Japan Value ETF 4.3 15 -3 8.7 +0.5
BLDG Cambria Global Real Estate ETF 4.0 60 -48 12.0 +3.9
DMXF iShares ESG Advanced MSCI EAFE ETF 3.9 12 0 5.4 -2.7
FLJP Franklin FTSE Japan ETF 3.9 9 3 6.1 -2.1
FLJH Franklin FTSE Japan Hedged ETF 3.9 9 3 5.6 -2.6
EWUS iShares MSCI United Kingdom Small Cap ETF 3.8 59 -47 7.6 -0.5
FEP First Trust Europe AlphaDEX Fund 3.8 80 -68 9.0 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.7 80 -68 8.5 +0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 3.7 65 -53 7.8 -0.3
RITA ETFB Green SRI REITs ETF 3.7 50 -38 6.1 -2.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 -66 9.4 +1.2
UAE iShares MSCI UAE ETF 3.6 59 -47 0.0 -8.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.5 70 -58 7.6 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.5 39 -27 7.9 -0.3
INEQ Columbia International Equity Income ETF 3.4 45 -33 8.0 -0.2
DWM WisdomTree International Equity Fund 3.3 48 -36 7.4 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.3 40 -28 7.4 -0.8
UIVM VictoryShares International Value Momentum ETF 3.2 35 -23 9.0 +0.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -38 6.1 -2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.2 12 0 5.0 -3.2
EFV iShares MSCI EAFE Value ETF 3.2 34 -22 9.0 +0.8
BBJP JPMorgan BetaBuilders Japan ETF 3.1 19 -7 6.5 -1.7
BLLD JPMorgan Sustainable Infrastructure ETF 3.1 49 -37 6.2 -2.0
VSGX Vanguard ESG International Stock ETF 3.1 10 2 7.5 -0.7
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 -46 8.3 +0.1
INTF iShares International Equity Factor ETF 3.1 15 -3 7.5 -0.6
IEFA iShares Core MSCI EAFE ETF 3.0 7 5 6.9 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.0 59 -47 8.5 +0.3
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 -68 7.3 -0.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.9 22 -10 5.9 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.9 20 -8 6.8 -1.4
WWJD Inspire International ETF 2.9 80 -68 7.3 -0.9
IQSI IQ Candriam International Equity ETF 2.8 15 -3 6.6 -1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.8 24 -12 7.5 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 2.8 4 8 6.9 -1.3
FDEV Fidelity International Multifactor ETF 2.8 18 -6 7.6 -0.6
JPXN iShares JPX-Nikkei 400 ETF 2.7 48 -36 6.4 -1.8
DFEV Dimensional Emerging Markets Value ETF 2.7 43 -31 12.6 +4.4
FEUZ First Trust Eurozone AlphaDEX ETF 2.7 80 -68 9.1 +0.9
VEA Vanguard FTSE Developed Markets ETF 2.7 3 9 7.1 -1.1
DFIS Dimensional International Small Cap ETF 2.6 39 -27 7.3 -0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.6 47 -35 5.6 -2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 -46 10.0 +1.8
EFAS Global X MSCI SuperDividend EAFE ETF 2.6 57 -45 8.5 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.6 29 -17 7.8 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.6 80 -68 9.2 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.5 39 -27 6.7 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 2.5 3 9 6.8 -1.3
AVDS Avantis International Small Cap Equity ETF 2.5 30 -18 7.2 -0.9
DISV Dimensional International Small Cap Value ETF 2.5 42 -30 8.9 +0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.5 32 -20 6.2 -2.0
IXUS iShares Core MSCI Total International Stock ETF 2.4 7 5 7.7 -0.5
VXUS Vanguard Total International Stock ETF 2.4 5 7 7.7 -0.5
FIDI Fidelity International High Dividend ETF 2.4 18 -6 8.7 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.4 14 -2 6.1 -2.1
JHID John Hancock International High Dividend ETF 2.4 46 -34 9.4 +1.2
EWJ iShares MSCI Japan ETF 2.3 50 -38 5.9 -2.3
EIS iShares MSCI Israel ETF 2.3 58 -46 7.5 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 -7 8.7 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 2.3 20 -8 6.8 -1.4
AVSD Avantis Responsible International Equity ETF 2.3 23 -11 5.6 -2.6
VWID Virtus WMC International Dividend ETF 2.2 49 -37 8.5 +0.3
SCHF Schwab International Equity ETF 2.1 6 6 7.1 -1.1
DWMF WisdomTree International Multifactor Fund 2.1 38 -26 7.2 -1.0
BKIE BNY Mellon International Equity ETF 2.1 4 8 7.0 -1.2
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 -3 7.4 -0.7
FIVA Fidelity International Value Factor ETF 2.1 18 -6 9.7 +1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.1 41 -29 8.4 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.0 20 -8 6.3 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 4 8 7.9 -0.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 -55 13.2 +5.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -30 9.7 +1.5
JHMD John Hancock Multifactor Developed International ETF 2.0 39 -27 7.5 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.0 36 -24 6.3 -1.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.9 20 -8 6.3 -1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 -38 10.7 +2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.9 45 -33 8.6 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.9 18 -6 7.8 -0.4
EFA iShares MSCI EAFE ETF 1.9 35 -23 6.6 -1.6
VWO Vanguard FTSE Emerging Markets ETF 1.8 7 5 9.9 +1.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.8 44 -32 10.4 +2.3
ECON Columbia Emerging Markets Consumer ETF 1.8 49 -37 11.5 +3.3
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 -35 8.8 +0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.8 38 -26 8.8 +0.7
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -67 7.3 -0.8
EWS iShares MSCI Singapore ETF 1.8 50 -38 4.9 -3.3
ESGD iShares ESG Aware MSCI EAFE ETF 1.8 20 -8 6.6 -1.5
PPIE Putnam PanAgora ESG International Equity ETF 1.8 49 -37 7.3 -0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 1.7 83 -71 9.3 +1.2
AVDE Avantis International Equity ETF 1.7 23 -11 7.3 -0.9
RODE Hartford Multifactor Diversified International ETF 1.7 29 -17 11.5 +3.3
DFIV Dimensional International Value ETF 1.7 27 -15 9.6 +1.4
IVLU iShares MSCI Intl Value Factor ETF 1.7 30 -18 10.2 +2.1
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 5 10.2 +2.0
LVHI Franklin International Low Volatility High Dividend Index ET 1.7 40 -28 10.2 +2.0
ISRA VanEck Israel ETF 1.7 59 -47 7.0 -1.2
BLES Inspire Global Hope ETF 1.7 61 -49 6.8 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 -18 7.7 -0.4
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 -4 8.1 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 1.6 30 -18 6.2 -2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.6 31 -19 6.1 -2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.6 30 -18 7.0 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.6 41 -29 7.1 -1.1
FLGR Franklin FTSE Germany ETF 1.6 9 3 7.3 -0.8
EWG iShares MSCI Germany ETF 1.6 50 -38 6.6 -1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -17 6.5 -1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 -58 8.7 +0.6
TPIF Timothy Plan International ETF 1.6 62 -50 6.2 -2.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.6 33 -21 8.1 -0.1
XCEM Columbia EM Core ex-China ETF 1.6 16 -4 7.7 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.6 39 -27 15.6 +7.4
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.3 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 3 9.9 +1.7
FSZ First Trust Switzerland AlphaDEX Fund 1.5 80 -68 5.5 -2.7
IEUR iShares Core MSCI Europe ETF 1.5 11 1 7.4 -0.8
VGK Vanguard FTSE Europe ETF 1.5 6 6 7.5 -0.7
AVES Avantis Emerging Markets Value ETF 1.5 36 -24 10.8 +2.6
AVDV Avantis International Small Cap Value ETF 1.5 36 -24 9.2 +1.1
EWK iShares MSCI Belgium ETF 1.5 50 -38 4.4 -3.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.5 34 -22 7.5 -0.7
DFAE Dimensional Emerging Core Equity Market ETF 1.5 35 -23 8.8 +0.7
VYMI Vanguard International High Dividend Yield ETF 1.5 17 -5 9.5 +1.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 1 9.5 +1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 -35 8.0 -0.2
DFIC Dimensional International Core Equity 2 ETF 1.4 23 -11 7.4 -0.8
SPEU SPDR Portfolio Europe ETF 1.4 7 5 7.4 -0.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 -41 7.4 -0.7
FLCH Franklin FTSE China ETF 1.4 19 -7 15.5 +7.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 -24 9.2 +1.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -51 13.6 +5.4
PXH Invesco FTSE RAFI Emerging Markets ETF 1.4 49 -37 15.2 +7.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -54 8.9 +0.7
JIRE JPMorgan International Research Enhanced Equity ETF 1.4 24 -12 7.1 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.3 9 3 9.3 +1.2
IDV iShares International Select Dividend ETF 1.3 51 -39 10.5 +2.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.3 56 -44 10.8 +2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 -8 5.5 -2.7
EWQ iShares MSCI France ETF 1.3 53 -41 7.2 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 -32 11.5 +3.4
SCHE Schwab Emerging Markets Equity ETF 1.3 11 1 10.6 +2.4
DXIV Dimensional International Vector Equity ETF 1.3 34 -22 7.8 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.3 45 -33 6.7 -1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.3 15 -3 9.7 +1.5
INDA iShares MSCI India ETF 1.3 65 -53 4.7 -3.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 6.5 -1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.3 80 -68 10.5 +2.3
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 -5 13.5 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 -3 7.4 -0.8
FLIN Franklin FTSE India ETF 1.3 19 -7 4.2 -4.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.3 25 -13 6.7 -1.5
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 -63 10.9 +2.8
DFAI Dimensional International Core Equity Market ETF 1.2 18 -6 7.1 -1.1
GXC SPDR S&P China ETF 1.2 59 -47 15.0 +6.9
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 -18 7.4 -0.8
KALL KraneShares MSCI All China Index ETF 1.2 49 -37 15.2 +7.0
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 6.5 -1.7
FLSW Franklin FTSE Switzerland ETF 1.2 9 3 6.5 -1.7
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -33 6.6 -1.5
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 8.2 +0.0
SDIV Global X Superdividend ETF 1.2 58 -46 41.6 +33.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.2 33 -21 9.4 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.2 30 -18 9.7 +1.6
IDMO Invesco S&P International Developed Momentum ETF 1.2 25 -13 5.3 -2.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 -23 16.4 +8.3
DIVI Franklin International Core Dividend Tilt Index ETF 1.2 9 3 7.9 -0.3
DAX Global X DAX Germany ETF 1.2 21 -9 6.9 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 -13 7.0 -1.1
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -47 8.4 +0.2
GLOF iShares Global Equity Factor ETF 1.1 20 -8 6.3 -1.9
EWW iShares MSCI Mexico ETF 1.1 50 -38 9.7 +1.5
EEM iShares MSCI Emerging Markets ETF 1.1 69 -57 9.6 +1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 1.1 36 -24 7.5 -0.7
FEOE First Eagle Overseas Equity ETF 1.1 79 -67 7.7 -0.4
XC WisdomTree Emerging Markets Ex-China Fund 1.1 32 -20 6.3 -1.9
DFE WisdomTree Europe SmallCap Dividend Fund 1.1 58 -46 8.4 +0.2
DOL WisdomTree International LargeCap Dividend Fund 1.1 48 -36 7.1 -1.1
WLDR Affinity World Leaders Equity ETF 1.0 67 -55 7.4 -0.7
VIGI Vanguard International Dividend Appreciation ETF 1.0 10 2 6.5 -1.7
CGDG Capital Group Dividend Growers ETF 1.0 47 -35 6.2 -1.9
MCHI iShares MSCI China ETF 1.0 59 -47 17.1 +9.0
ASEA Global X FTSE Southeast Asia ETF 1.0 65 -53 6.6 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.0 25 -13 7.1 -1.1
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 -13 11.0 +2.9
FENI Fidelity Enhanced International ETF 1.0 28 -16 6.4 -1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 -20 6.5 -1.6
BKF iShares MSCI BIC ETF 0.9 69 -57 13.4 +5.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.9 25 -13 9.3 +1.1
PIN Invesco India ETF 0.9 78 -66 4.8 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 -20 8.7 +0.5
FLEE Franklin FTSE Europe ETF 0.9 9 3 7.2 -1.0
EPI WisdomTree India Earnings Fund 0.9 85 -73 5.2 -3.0
FXI iShares China Large-Cap ETF 0.9 74 -62 18.5 +10.3
EWD iShares MSCI Sweden ETF 0.9 54 -42 5.3 -2.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -78 6.8 -1.4
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 7.4 -0.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.9 24 -12 7.4 -0.8
VT Vanguard Total World Stock ETF 0.9 6 6 5.7 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -37 9.2 +1.0
FLLA Franklin FTSE Latin America ETF 0.8 19 -7 12.4 +4.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.8 30 -18 5.4 -2.7
EZU iShares MSCI Eurozone ETF 0.8 52 -40 6.6 -1.5
EMM Global X Emerging Markets ex-China ETF 0.8 75 -63 6.0 -2.2
BKCI BNY Mellon Concentrated International ETF 0.8 80 -68 5.3 -2.9
IGRO iShares International Dividend Growth ETF 0.8 15 -3 7.3 -0.9
EWL iShares MSCI Switzerland ETF 0.8 50 -38 6.4 -1.8
SMIN iShares MSCI India Small Cap ETF 0.8 79 -67 4.1 -4.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 5.3 -2.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 -37 9.6 +1.4
FLN First Trust Latin America AlphaDEX Fund 0.7 80 -68 10.0 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 -22 5.9 -2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 -18 8.9 +0.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -68 14.5 +6.3
STXE Strive Emerging Markets Ex-China ETF 0.7 32 -20 7.2 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.7 42 -30 5.2 -2.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 6.5 -1.7
STXI Strive International Developed Markets ETF 0.7 29 -17 6.6 -1.6
KSA iShares MSCI Saudi Arabia ETF 0.7 74 -62 0.0 -8.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.7 25 -13 7.3 -0.9
IEV iShares Europe ETF 0.7 67 -55 6.8 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.7 29 -17 9.2 +1.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 -37 9.5 +1.3
EPHE iShares MSCI Philippines ETF 0.7 59 -47 0.0 -8.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 -33 9.8 +1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -37 12.1 +3.9
DEW WisdomTree Global High Dividend Fund 0.6 58 -46 8.5 +0.3
JIG JPMorgan International Growth ETF 0.6 55 -43 4.6 -3.6
EWU iShares MSCI United Kingdom ETF 0.6 50 -38 8.0 -0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 -8 9.7 +1.5
AVIV Avantis International Large Cap Value ETF 0.6 25 -13 8.4 +0.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 -21 8.2 +0.0
FLMX Franklin FTSE Mexico ETF 0.6 19 -7 10.0 +1.9
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.6 -2.6
CGGO Capital Group Global Growth Equity ETF 0.6 47 -35 4.5 -3.7
IVAL Alpha Architect International Quantitative Value ETF 0.6 49 -37 9.9 +1.7
EFG iShares MSCI EAFE Growth ETF 0.6 36 -24 4.3 -3.9
SCHY Schwab International Dividend Equity ETF 0.5 14 -2 9.7 +1.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 -20 15.7 +7.5
ACWI iShares MSCI ACWI ETF 0.5 32 -20 5.4 -2.8
FEGE First Eagle Global Equity ETF 0.5 79 -67 6.8 -1.4
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 7.2 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 5.5 -2.7
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -53 5.1 -3.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -46 7.7 -0.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.5 58 -46 6.9 -1.3
AIA iShares Asia 50 ETF 0.5 50 -38 11.3 +3.1
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -8.2
URTH iShares MSCI World ETF 0.4 24 -12 4.9 -3.2
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -63 7.8 -0.4
VIDI Vident International Equity Strategy ETF 0.4 61 -49 10.5 +2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.1 -3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 -29 6.3 -1.8
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 -13 9.6 +1.4
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -68 11.2 +3.0
ILF iShares Latin America 40 ETF 0.4 48 -36 12.1 +3.9
BINV Brandes International ETF 0.4 70 -58 9.2 +1.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 -33 10.6 +2.4
FJP First Trust Japan AlphaDEX Fund 0.3 80 -68 8.8 +0.6
TOK iShares MSCI Kokusai ETF 0.3 26 -14 4.9 -3.3
DIHP Dimensional International High Profitability ETF 0.3 29 -17 7.1 -1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -28 6.8 -1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -76 8.2 +0.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.8 -4.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 3.7 -4.4
NDIA Global X India Active ETF 0.3 75 -63 5.0 -3.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -53 4.8 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 -18 5.9 -2.3
MCH Matthews China Active ETF 0.3 79 -67 13.6 +5.5
AGNG Global X Aging Population ETF 0.3 50 -38 4.9 -3.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 -13 6.4 -1.7
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 12.6 +4.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -58 5.0 -3.1
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 4.0 -4.2
QAT iShares MSCI Qatar ETF 0.2 59 -47 50.0 +41.8
EFNL iShares MSCI Finland ETF 0.2 56 -44 6.5 -1.7
FCA First Trust China AlphaDEX Fund 0.2 80 -68 8.0 -0.1
FRDM Freedom 100 Emerging Markets ETF 0.2 49 -37 7.5 -0.7
AFK VanEck Africa Index ETF 0.2 98 -86 11.5 +3.3
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -53 7.8 -0.4
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -33 6.2 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.9 -3.3
ENZL iShares MSCI New Zealand ETF 0.2 50 -38 3.8 -4.4
ECH iShares MSCI Chile ETF 0.2 58 -46 7.9 -0.3
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -47 5.7 -2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 6.0 -2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 -8 6.3 -1.9
EWO iShares MSCI Austria ETF 0.2 50 -38 10.6 +2.5
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 6.1 -2.1
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -46 9.2 +1.0
QINT American Century Quality Diversified International ETF 0.2 39 -27 7.2 -0.9
DVYE iShares Emerging Markets Dividend ETF 0.1 49 -37 18.4 +10.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.9 -2.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 11.3 +3.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.7 -1.4
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 12.3 +4.1
TUR iShares MSCI Turkey ETF 0.1 58 -46 18.3 +10.2
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 -7 6.2 -2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 -30 7.1 -1.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 6.5 -1.6
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 8.1 -0.0
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.1 +2.9
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 3.7 -4.5
CNYA iShares MSCI China A ETF 0.1 60 -48 6.1 -2.0
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 10.0 +1.8
IDX VanEck Indonesia Index ETF 0.1 57 -45 7.2 -1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -46 6.9 -1.2
EWN iShares MSCI Netherlands ETF 0.1 50 -38 5.2 -3.0
GREK Global X MSCI Greece ETF 0.1 57 -45 11.4 +3.2
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -30 7.3 -0.8
EIRL iShares MSCI Ireland ETF 0.1 50 -38 8.6 +0.4
ENOR iShares MSCI Norway ETF 0.1 53 -41 11.3 +3.1
NORW Global X MSCI Norway ETF 0.1 50 -38 11.0 +2.9
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 6.8 -1.4
WAR U.S. Global Tech and Aerospace & Defense ETF 0.0 60 -48 3.6 -4.6
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 14.0 +5.8
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -68 7.2 -1.0

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

  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 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 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.