Vanguard Global ex-U.S. Real Estate ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.0x P/Sales
ratio		 2.5x
P/BV
ratio		 0.9x Div.
yield		 4.1%


  • 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) $3,343
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 682
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 4.6 %
MITSUI FUDOSAN CO LTD 2.9 %
DEUTSCHE ANNINGTON IMMOBILIE 2.7 %
MITSUBISHI ESTATE CO LTD 2.5 %
EMAAR PROPERTIES PJSC 2.5 %
DAIWA HOUSE INDUSTRY CO LTD 2.2 %
SUMITOMO REALTY & DEVELOPMNT 1.9 %
SUN HUNG KAI PROPERTIES 1.8 %
LINK REIT 1.4 %
SCENTRE GROUP 1.3 %
Total 23.7 %

TOP COUNTRY EXPOSURE
JAPAN 22.9 %
AUSTRALIA 11.4 %
HONG KONG 8.9 %
BRITAIN 5.7 %
SINGAPORE 5.2 %
GERMANY 3.9 %
UAE 3.8 %
SWEDEN 2.9 %
SWITZERLAND 2.7 %
INDIA 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.3% 6.2% 1.4% 1.5% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 41%
MSCI EAFE 0.95 63%
MSCI Emg. Mkts. 0.92 63%

Technical Indicators
Recent close $47.34
30d moving avg. $46.45
Annualized volatility 19.4%
Short interest (ETF) 0.9%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 289
Turnover 0.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $3,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 366 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™: 8.1%


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 71.9 10 2 8.0 -0.1
IFGL iShares International Developed Real Estate ETF 64.3 48 -36 7.0 -1.1
RWX SPDR Dow Jones International Real Estate ETF 40.8 59 -47 6.9 -1.2
ERET iShares Environmentally Aware Real Estate ETF 36.6 30 -18 7.3 -0.7
VGSR Vert Global Sustainable Real Estate ETF 30.1 47 -35 7.4 -0.7
RWO SPDR Dow Jones Global Real Estate ETF 28.5 50 -38 7.0 -1.1
REET iShares Global REIT ETF 26.8 14 -2 7.4 -0.7
DFGR Dimensional Global Real Estate ETF 24.7 22 -10 7.4 -0.7
AVRE Avantis Real Estate ETF 23.7 17 -5 7.1 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 21.8 45 -33 7.8 -0.3
IQRA IQ CBRE Real Assets ETF 12.3 65 -53 5.7 -2.4
IDLV Invesco S&P International Developed Low Volatility ETF 10.0 25 -13 6.3 -1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.7 80 -68 5.9 -2.2
SCZ iShares MSCI EAFE Small-Cap ETF 9.5 40 -28 6.9 -1.2
DWX SPDR S&P International Dividend ETF 9.2 45 -33 6.1 -2.0
SCJ iShares MSCI Japan Small-Cap ETF 9.0 50 -38 6.6 -1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.5 49 -37 6.8 -1.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 8.5 19 -7 5.8 -2.3
DIM WisdomTree International MidCap Dividend Fund 8.3 58 -46 7.5 -0.6
EPP iShares MSCI Pacific ex-Japan ETF 7.8 47 -35 5.1 -3.0
IEUS iShares MSCI Europe Small-Cap ETF 7.8 42 -30 7.2 -0.8
RITA ETFB Green SRI REITs ETF 7.6 50 -38 5.9 -2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 7.5 37 -25 8.3 +0.3
ERTH Invesco MSCI Sustainable Future ETF 7.4 62 -50 3.7 -4.4
FLHK Franklin FTSE Hong Kong ETF 7.2 9 3 6.7 -1.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.3 12 0 6.0 -2.1
EWH iShares MSCI Hong Kong ETF 6.2 50 -38 5.2 -2.9
FLAU Franklin FTSE Australia ETF 6.2 9 3 6.1 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 6.0 39 -27 5.8 -2.3
SCHC Schwab International Small-Cap Equity ETF 6.0 11 1 6.6 -1.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 5.9 8 4 6.1 -2.0
GWX SPDR S&P International Small Cap ETF 5.7 40 -28 6.0 -2.1
EWA iShares MSCI Australia ETF 5.7 50 -38 5.6 -2.5
SPRE SP Funds S&P Global REIT Sharia ETF 5.6 55 -43 6.0 -2.1
IPAC iShares Core MSCI Pacific ETF 5.6 9 3 6.3 -1.8
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 5.6 60 -48 6.0 -2.1
SDG iShares MSCI Global Sustainable Development Goals ETF 5.2 49 -37 5.8 -2.3
GVAL Cambria Global Value ETF 5.1 68 -56 10.5 +2.4
INDS Pacer Industrial Real Estate ETF 5.0 55 -43 6.8 -1.3
ISCF iShares International SmallCap Equity Factor ETF 5.0 23 -11 8.2 +0.1
SRET Global X SuperDividend REIT ETF 4.8 59 -47 12.0 +3.9
VPL Vanguard FTSE Pacific ETF 4.8 7 5 6.8 -1.3
DVYA iShares Asia/Pacific Dividend ETF 4.7 49 -37 7.7 -0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.6 58 -46 8.8 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 4.5 60 -48 7.9 -0.2
WDIV SPDR S&P Global Dividend ETF 4.5 40 -28 9.2 +1.1
EWJV iShares MSCI Japan Value ETF 4.4 15 -3 8.8 +0.7
DTH WisdomTree International High Dividend Fund 4.2 58 -46 8.4 +0.3
AIVI WisdomTree International AI Enhanced Value Fund 4.1 58 -46 7.0 -1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 4.1 65 -53 7.8 -0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 4.0 59 -47 7.5 -0.6
DMXF iShares ESG Advanced MSCI EAFE ETF 4.0 12 0 5.5 -2.6
UAE iShares MSCI UAE ETF 3.9 59 -47 0.0 -8.1
RCGE RockCreek Global Equality ETF 3.9 95 -83 6.7 -1.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.8 70 -58 7.8 -0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.8 78 -66 9.4 +1.3
FLJP Franklin FTSE Japan ETF 3.6 9 3 6.3 -1.8
FLJH Franklin FTSE Japan Hedged ETF 3.5 9 3 6.1 -2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.3 12 0 5.2 -2.9
BLLD JPMorgan Sustainable Infrastructure ETF 3.2 49 -37 6.1 -2.0
EFV iShares MSCI EAFE Value ETF 3.2 34 -22 9.1 +1.0
VSGX Vanguard ESG International Stock ETF 3.2 10 2 7.7 -0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.1 50 -38 6.0 -2.1
IEFA iShares Core MSCI EAFE ETF 3.1 7 5 7.0 -1.1
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 -46 8.1 -0.0
INTF iShares International Equity Factor ETF 3.0 15 -3 7.6 -0.5
DFEV Dimensional Emerging Markets Value ETF 3.0 43 -31 13.4 +5.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.0 22 -10 5.8 -2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.0 39 -27 7.9 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.9 59 -47 9.0 +0.9
DWM WisdomTree International Equity Fund 2.9 48 -36 7.4 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 -68 7.3 -0.8
UIVM VictoryShares International Value Momentum ETF 2.9 35 -23 8.9 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 2.9 4 8 7.0 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.9 40 -28 7.4 -0.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.8 80 -68 9.1 +1.0
FDEV Fidelity International Multifactor ETF 2.8 18 -6 7.5 -0.6
INEQ Columbia International Equity Income ETF 2.8 45 -33 8.1 -0.0
JPXN iShares JPX-Nikkei 400 ETF 2.8 48 -36 6.7 -1.4
EFAS Global X MSCI SuperDividend EAFE ETF 2.8 57 -45 8.3 +0.2
VEA Vanguard FTSE Developed Markets ETF 2.7 3 9 7.2 -0.9
IVAL Alpha Architect International Quantitative Value ETF 2.7 49 -37 9.8 +1.7
WWJD Inspire International ETF 2.7 80 -68 7.3 -0.8
FIDI Fidelity International High Dividend ETF 2.7 18 -6 8.7 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 9 7.0 -1.1
JHID John Hancock International High Dividend ETF 2.6 46 -34 9.5 +1.4
DFIS Dimensional International Small Cap ETF 2.6 39 -27 7.3 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 2.6 19 -7 6.8 -1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 -46 9.8 +1.7
IXUS iShares Core MSCI Total International Stock ETF 2.5 7 5 7.9 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 -8 7.1 -1.0
IQSI IQ Candriam International Equity ETF 2.5 15 -3 6.6 -1.5
BLDG Cambria Global Real Estate ETF 2.5 60 -48 11.5 +3.4
VXUS Vanguard Total International Stock ETF 2.5 5 7 7.9 -0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.5 24 -12 7.4 -0.7
AVDS Avantis International Small Cap Equity ETF 2.4 30 -18 7.3 -0.8
EWJ iShares MSCI Japan ETF 2.4 50 -38 6.2 -1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.3 29 -17 7.7 -0.4
DISV Dimensional International Small Cap Value ETF 2.3 42 -30 9.1 +1.0
SCHF Schwab International Equity ETF 2.3 6 6 7.3 -0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.2 41 -29 8.7 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 2.2 19 -7 9.4 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.2 39 -27 6.7 -1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 -3 7.8 -0.3
EWS iShares MSCI Singapore ETF 2.2 50 -38 4.9 -3.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.2 47 -35 6.2 -1.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.2 67 -55 13.6 +5.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 -20 6.0 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 4 8 8.1 +0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 -2 6.2 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.1 45 -33 8.8 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.0 20 -8 6.3 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 2.0 20 -8 6.9 -1.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -30 9.7 +1.7
EIS iShares MSCI Israel ETF 2.0 58 -46 8.0 -0.1
VWO Vanguard FTSE Emerging Markets ETF 2.0 7 5 10.3 +2.2
DWMF WisdomTree International Multifactor Fund 2.0 38 -26 7.0 -1.1
AVSD Avantis Responsible International Equity ETF 2.0 23 -11 5.7 -2.4
EFA iShares MSCI EAFE ETF 1.9 35 -23 6.7 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.9 39 -27 16.5 +8.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 -26 9.3 +1.2
ESGD iShares ESG Aware MSCI EAFE ETF 1.9 20 -8 6.7 -1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 -38 11.1 +3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 1.9 29 -17 6.6 -1.5
BKIE BNY Mellon International Equity ETF 1.9 4 8 7.0 -1.1
VWID Virtus WMC International Dividend ETF 1.8 49 -37 8.5 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 -58 9.5 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 1.8 7 5 10.7 +2.6
DFIV Dimensional International Value ETF 1.8 27 -15 9.6 +1.5
FIVA Fidelity International Value Factor ETF 1.8 18 -6 9.9 +1.8
MEM Matthews Emerging Markets Equity Active ETF 1.8 79 -67 8.1 -0.0
JHMD John Hancock Multifactor Developed International ETF 1.8 39 -27 7.6 -0.5
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 -4 8.6 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 -18 7.9 -0.2
IVLU iShares MSCI Intl Value Factor ETF 1.7 30 -18 10.4 +2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 -24 6.5 -1.6
IQLT iShares MSCI Intl Quality Factor ETF 1.7 30 -18 6.3 -1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 -6 7.9 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 3 10.6 +2.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.7 30 -18 7.0 -1.1
ECON Columbia Emerging Markets Consumer ETF 1.7 49 -37 12.6 +4.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.7 20 -8 6.5 -1.6
FEP First Trust Europe AlphaDEX Fund 1.7 80 -68 9.1 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.7 83 -71 9.4 +1.3
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -35 8.9 +0.8
RODE Hartford Multifactor Diversified International ETF 1.6 29 -17 11.4 +3.3
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 -23 9.4 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 -32 10.7 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 1.6 24 -12 6.3 -1.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.6 53 -41 7.9 -0.2
EWG iShares MSCI Germany ETF 1.6 50 -38 6.2 -1.9
AVDE Avantis International Equity ETF 1.6 23 -11 7.4 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.6 34 -22 7.8 -0.3
PPIE Putnam PanAgora ESG International Equity ETF 1.6 49 -37 7.4 -0.7
TPIF Timothy Plan International ETF 1.6 62 -50 6.2 -1.9
VYMI Vanguard International High Dividend Yield ETF 1.6 17 -5 9.5 +1.5
IEUR iShares Core MSCI Europe ETF 1.5 11 1 7.4 -0.7
EWK iShares MSCI Belgium ETF 1.5 50 -38 4.4 -3.7
VGK Vanguard FTSE Europe ETF 1.5 6 6 7.5 -0.6
FSZ First Trust Switzerland AlphaDEX Fund 1.5 80 -68 5.3 -2.8
LVHI Franklin International Low Volatility High Dividend Index ET 1.5 40 -28 10.3 +2.2
BLES Inspire Global Hope ETF 1.5 61 -49 6.8 -1.3
SPEU SPDR Portfolio Europe ETF 1.5 7 5 7.4 -0.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 -21 8.6 +0.5
AVES Avantis Emerging Markets Value ETF 1.5 36 -24 11.1 +3.0
DFIC Dimensional International Core Equity 2 ETF 1.5 23 -11 7.4 -0.7
ISRA VanEck Israel ETF 1.5 59 -47 7.2 -0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 1.5 31 -19 6.3 -1.8
ASEA Global X FTSE Southeast Asia ETF 1.5 65 -53 6.7 -1.4
FLGR Franklin FTSE Germany ETF 1.5 9 3 7.0 -1.1
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 1 10.2 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 -29 7.5 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 -5 14.1 +6.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 -8 5.6 -2.5
XCEM Columbia EM Core ex-China ETF 1.4 16 -4 8.4 +0.3
SCHE Schwab Emerging Markets Equity ETF 1.4 11 1 11.1 +3.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.4 56 -44 10.7 +2.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -68 13.8 +5.7
IDV iShares International Select Dividend ETF 1.4 51 -39 10.6 +2.5
FLIN Franklin FTSE India ETF 1.4 19 -7 4.2 -3.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -51 13.3 +5.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 -24 10.0 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.3 30 -18 10.6 +2.5
CWI SPDR MSCI ACWI ex-US ETF 1.3 30 -18 7.7 -0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.3 36 -24 8.0 -0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.3 35 -23 6.6 -1.5
FLCH Franklin FTSE China ETF 1.3 19 -7 16.0 +7.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 -23 18.6 +10.5
GXC SPDR S&P China ETF 1.3 59 -47 15.4 +7.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 -35 8.4 +0.3
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 -13 7.8 -0.3
EWQ iShares MSCI France ETF 1.3 53 -41 7.3 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 -54 9.7 +1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 49 -37 15.9 +7.9
AVDV Avantis International Small Cap Value ETF 1.3 36 -24 9.5 +1.4
DXIV Dimensional International Vector Equity ETF 1.3 34 -22 7.8 -0.3
DFAI Dimensional International Core Equity Market ETF 1.3 18 -6 7.1 -1.0
FEUZ First Trust Eurozone AlphaDEX ETF 1.3 80 -68 9.1 +1.0
INDA iShares MSCI India ETF 1.3 65 -53 4.8 -3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -78 7.0 -1.1
EEM iShares MSCI Emerging Markets ETF 1.2 69 -57 10.5 +2.4
EMC Global X Emerging Markets Great Consumer ETF 1.2 75 -63 11.0 +2.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.2 15 -3 10.4 +2.3
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -33 6.6 -1.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.2 9 3 9.1 +1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 -3 8.1 -0.0
SDIV Global X Superdividend ETF 1.2 58 -46 41.3 +33.2
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -21 8.8 +0.7
ECNS iShares MSCI China Small-Cap ETF 1.2 59 -47 8.0 -0.1
DFE WisdomTree Europe SmallCap Dividend Fund 1.2 58 -46 8.0 -0.1
DAX Global X DAX Germany ETF 1.2 21 -9 6.7 -1.4
EUDV ProShares MSCI Europe Dividend Growers ETF 1.2 55 -43 6.2 -1.9
JIRE JPMorgan International Research Enhanced Equity ETF 1.1 24 -12 7.2 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.1 45 -33 6.9 -1.2
PIN Invesco India ETF 1.1 78 -66 4.8 -3.3
KALL KraneShares MSCI All China Index ETF 1.1 49 -37 14.9 +6.8
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -32 12.2 +4.2
MCHI iShares MSCI China ETF 1.1 59 -47 17.7 +9.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 1.1 25 -13 7.0 -1.1
GLOF iShares Global Equity Factor ETF 1.1 20 -8 6.5 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 -21 10.2 +2.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 -20 7.0 -1.1
EWW iShares MSCI Mexico ETF 1.1 50 -38 10.2 +2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.1 80 -68 9.6 +1.5
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 -20 6.3 -1.8
BKF iShares MSCI BIC ETF 1.0 69 -57 13.8 +5.7
DIVI Franklin International Core Dividend Tilt Index ETF 1.0 9 3 7.9 -0.2
FLSW Franklin FTSE Switzerland ETF 1.0 9 3 6.4 -1.7
FEOE First Eagle Overseas Equity ETF 1.0 79 -67 8.0 -0.1
VIGI Vanguard International Dividend Appreciation ETF 1.0 10 2 6.3 -1.8
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 -13 9.6 +1.5
FXI iShares China Large-Cap ETF 1.0 74 -62 18.7 +10.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 -37 9.6 +1.5
EWD iShares MSCI Sweden ETF 0.9 54 -42 5.4 -2.7
EPI WisdomTree India Earnings Fund 0.9 85 -73 5.3 -2.8
WLDR Affinity World Leaders Equity ETF 0.9 67 -55 7.5 -0.6
CGDG Capital Group Dividend Growers ETF 0.9 47 -35 6.3 -1.8
EMM Global X Emerging Markets ex-China ETF 0.9 75 -63 6.5 -1.6
VT Vanguard Total World Stock ETF 0.9 6 6 5.9 -2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 -20 9.3 +1.2
FLGB Franklin FTSE United Kingdom ETF 0.9 9 3 7.6 -0.5
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 -36 7.2 -0.9
EZU iShares MSCI Eurozone ETF 0.9 52 -40 6.8 -1.3
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 -13 11.9 +3.8
FENI Fidelity Enhanced International ETF 0.9 28 -16 6.6 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 -13 7.1 -1.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.8 80 -68 10.6 +2.5
EPHE iShares MSCI Philippines ETF 0.8 59 -47 0.0 -8.1
FLEE Franklin FTSE Europe ETF 0.8 9 3 7.3 -0.8
STXE Strive Emerging Markets Ex-China ETF 0.8 32 -20 7.9 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 -12 8.2 +0.1
IGRO iShares International Dividend Growth ETF 0.8 15 -3 7.3 -0.8
EWL iShares MSCI Switzerland ETF 0.8 50 -38 6.2 -1.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 -37 10.4 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 -18 9.2 +1.2
KSA iShares MSCI Saudi Arabia ETF 0.8 74 -62 0.0 -8.1
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -63 5.2 -2.9
BKCI BNY Mellon Concentrated International ETF 0.7 80 -68 5.3 -2.8
FLLA Franklin FTSE Latin America ETF 0.7 19 -7 12.9 +4.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 -37 10.3 +2.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 -18 5.5 -2.6
SMIN iShares MSCI India Small Cap ETF 0.7 79 -67 4.1 -4.0
FLN First Trust Latin America AlphaDEX Fund 0.7 80 -68 10.4 +2.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 -8 10.9 +2.8
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 -47 11.6 +3.5
IEV iShares Europe ETF 0.7 67 -55 6.9 -1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.7 46 -34 6.7 -1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 -33 10.5 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 2 5.7 -2.4
FLMX Franklin FTSE Mexico ETF 0.6 19 -7 10.5 +2.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 -21 8.8 +0.7
EFG iShares MSCI EAFE Growth ETF 0.6 36 -24 4.4 -3.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 -13 7.3 -0.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 -30 5.4 -2.7
EWU iShares MSCI United Kingdom ETF 0.6 50 -38 8.1 +0.1
STXI Strive International Developed Markets ETF 0.6 29 -17 6.7 -1.4
SCHY Schwab International Dividend Equity ETF 0.6 14 -2 9.7 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -68 11.2 +3.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.6 32 -20 16.1 +8.0
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 -53 5.4 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 -37 11.9 +3.8
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 -13 5.3 -2.8
DEW WisdomTree Global High Dividend Fund 0.6 58 -46 8.4 +0.3
JIG JPMorgan International Growth ETF 0.6 55 -43 4.8 -3.3
ACWI iShares MSCI ACWI ETF 0.6 32 -20 5.5 -2.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.6 58 -46 7.4 -0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.6 58 -46 7.5 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 3 5.7 -2.4
AIA iShares Asia 50 ETF 0.5 50 -38 12.9 +4.8
FLSA Franklin FTSE Saudi Arabia ETF 0.5 39 -27 0.0 -8.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 -17 9.2 +1.1
AVIV Avantis International Large Cap Value ETF 0.5 25 -13 8.6 +0.5
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 -63 7.7 -0.4
CGGO Capital Group Global Growth Equity ETF 0.5 47 -35 4.7 -3.4
FEGE First Eagle Global Equity ETF 0.5 79 -67 7.0 -1.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -58 4.8 -3.3
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 -13 10.4 +2.3
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 3 7.2 -0.9
URTH iShares MSCI World ETF 0.5 24 -12 5.1 -3.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 -22 6.1 -2.0
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -37 18.5 +10.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 -13 6.6 -1.5
DIHP Dimensional International High Profitability ETF 0.4 29 -17 7.2 -0.9
ILF iShares Latin America 40 ETF 0.4 48 -36 12.9 +4.8
BINV Brandes International ETF 0.4 70 -58 9.4 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 3 5.2 -2.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 -33 10.7 +2.6
VIDI Vident International Equity Strategy ETF 0.4 61 -49 10.9 +2.8
TOK iShares MSCI Kokusai ETF 0.4 26 -14 5.0 -3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 -18 5.9 -2.2
FJP First Trust Japan AlphaDEX Fund 0.3 80 -68 8.9 +0.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 -43 3.7 -4.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -38 4.4 -3.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 -29 6.8 -1.3
AGNG Global X Aging Population ETF 0.3 50 -38 4.9 -3.2
NDIA Global X India Active ETF 0.3 75 -63 5.0 -3.1
FRDM Freedom 100 Emerging Markets ETF 0.3 49 -37 8.5 +0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -76 8.9 +0.8
MCH Matthews China Active ETF 0.3 79 -67 14.3 +6.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 -28 7.2 -0.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 -53 4.9 -3.2
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -43 12.5 +4.4
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -53 4.1 -4.0
EFNL iShares MSCI Finland ETF 0.3 56 -44 7.1 -1.0
QAT iShares MSCI Qatar ETF 0.3 59 -47 44.8 +36.7
PTEC Global X PropTech ETF 0.3 50 -38 1.7 -6.4
FCA First Trust China AlphaDEX Fund 0.2 80 -68 8.3 +0.2
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -53 7.6 -0.5
GLIN VanEck India Growth Leaders ETF 0.2 77 -65 7.1 -1.0
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -46 9.9 +1.8
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -77 4.8 -3.3
AFK VanEck Africa Index ETF 0.2 98 -86 12.0 +3.9
EWT iShares MSCI Taiwan ETF 0.2 58 -46 6.7 -1.4
FLTW Franklin FTSE Taiwan ETF 0.2 19 -7 6.8 -1.3
EWO iShares MSCI Austria ETF 0.2 50 -38 10.7 +2.6
FPXI First Trust International Equity Opportunities ETF 0.2 70 -58 4.2 -3.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 -13 5.9 -2.2
EYLD Cambria Emerging Shareholder Yield ETF 0.1 66 -54 12.3 +4.2
QINT American Century Quality Diversified International ETF 0.1 39 -27 7.3 -0.8
ECH iShares MSCI Chile ETF 0.1 58 -46 8.5 +0.4
EPU iShares MSCI Peru and Global Exposure ETF 0.1 59 -47 6.7 -1.4
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 -7 6.3 -1.8
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 -17 6.6 -1.5
EIDO iShares MSCI Indonesia ETF 0.1 59 -47 8.1 -0.0
IDX VanEck Indonesia Index ETF 0.1 57 -45 7.2 -0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 -30 7.2 -0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 -35 5.8 -2.3
TUR iShares MSCI Turkey ETF 0.1 58 -46 17.0 +8.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -53 6.9 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -8 6.2 -1.9
ENZL iShares MSCI New Zealand ETF 0.1 50 -38 3.9 -4.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.1 95 -83 11.8 +3.7
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -48 4.3 -3.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -54 11.3 +3.3
ENOR iShares MSCI Norway ETF 0.1 53 -41 10.9 +2.8
NORW Global X MSCI Norway ETF 0.1 50 -38 10.6 +2.5
EWN iShares MSCI Netherlands ETF 0.1 50 -38 5.6 -2.5
CNYA iShares MSCI China A ETF 0.1 60 -48 6.3 -1.8
EWZS iShares MSCI Brazil Small-Cap ETF 0.1 59 -47 10.1 +2.0
GREK Global X MSCI Greece ETF 0.1 57 -45 10.9 +2.8
EIRL iShares MSCI Ireland ETF 0.1 50 -38 8.6 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 -46 7.1 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 -30 7.3 -0.8
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.0 55 -43 7.1 -1.0
FLBR Franklin FTSE Brazil ETF 0.0 19 -7 14.5 +6.4
RAYC Rayliant Quantamental China Equity ETF 0.0 80 -68 7.4 -0.7

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 6.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 8.1 %
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.