SPDR S&P Emerging Markets Dividend ETF
ALTAR
Score™		 8.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.2x P/Sales
ratio		 1.2x
P/BV
ratio		 1.5x Div.
yield		 4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Emerging Markets Dividend ETF's objective is to replicate as closely as possible the performance of the S&P Emerging Markets Dividend Opportunities Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Feb 23, 2011
Assets (mns) $1,231
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $11,260
Large cap (>$10bn) 37.3%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 11.7%
Developed mkts 7.7%
Emerging mkts 92.3%

TOP TEN HOLDINGS
AMBEV-SA 3.3 %
SINO-AMERICAN SILICON PRODUC 3.1 %
BANCO BRADESCO S.A. 2.3 %
SINBON ELECTRONINCS CO LTD 2.2 %
SAUDI TELECOM CO. 2.1 %
PTT PCL-NVDR 2.0 %
NEPI ROCKCASTLE N.V. 1.9 %
PRESIDENT CHAIN STORE CORP 1.9 %
ABU DHABI NATIONAL OIL COMPANY FOR 1.8 %
NEDBANK GROUP LTD 1.8 %
Total 22.4 %

TOP COUNTRY EXPOSURE
TAIWAN 23.2 %
THAILAND 13.0 %
MALAYSIA 11.4 %
SOUTH AFRICA 8.7 %
BRAZIL 7.3 %
SAUDI ARABIA 5.4 %
CHINA 5.3 %
MEXICO 3.8 %
UAE 3.6 %
KUWAIT 3.1 %

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.
8.0% 13.9% 12.1% 8.1% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.73 53%
MSCI EAFE 0.70 72%
MSCI Emg. Mkts. 0.43 66%

Technical Indicators
Recent close $41.95
30d moving avg. $41.45
Annualized volatility 12.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 122
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $1,240

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 220 potential alternatives to the SPDR S&P Emerging Markets Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with EDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EDIV Expense: 49 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDIV
Ticker Fund
Name		 Overlap1
vs EDIV
(%)		 Expense
ratio
(bp)		 Savings
vs EDIV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EDIV
(%)
DWX SPDR S&P International Dividend ETF 12.9 45 4 6.6 -2.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.0 25 24 6.0 -2.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.4 70 -21 9.2 +0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 10.3 40 9 6.2 -2.7
DEM WisdomTree Emerging Markets High Dividend Fund 9.2 63 -14 10.2 +1.3
ASEA Global X FTSE Southeast Asia ETF 9.1 65 -16 5.1 -3.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.1 44 5 9.3 +0.4
EWM iShares MSCI Malaysia ETF 8.9 50 -1 6.4 -2.4
JIVE JPMorgan International Value ETF 7.4 55 -6 7.9 -0.9
EYLD Cambria Emerging Shareholder Yield ETF 7.3 66 -17 9.0 +0.1
EZA iShares MSCI South Africa ETF 6.9 58 -9 9.2 +0.4
ROAM Hartford Multifactor Emerging Markets ETF 6.8 44 5 7.5 -1.3
THD iShares MSCI Thailand ETF 6.8 58 -9 0.0 -8.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.6 39 10 13.3 +4.5
XC WisdomTree Emerging Markets Ex-China Fund 6.5 32 17 6.3 -2.5
FRDM Freedom 100 Emerging Markets ETF 6.3 49 0 5.4 -3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.2 30 19 7.5 -1.4
SCHY Schwab International Dividend Equity ETF 6.0 14 35 8.1 -0.7
FLLA Franklin FTSE Latin America ETF 5.9 19 30 10.6 +1.8
VEXC Vanguard Emerging Markets Ex-China ETF 5.4 7 42 5.6 -3.2
PXH Invesco FTSE RAFI Emerging Markets ETF 5.3 49 0 13.1 +4.3
RNEM First Trust Emerging Markets Equity Select ETF 5.3 75 -26 7.7 -1.1
FLBR Franklin FTSE Brazil ETF 5.2 19 30 11.9 +3.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.1 67 -18 12.2 +3.4
AFK VanEck Africa Index ETF 5.1 98 -49 11.2 +2.4
EWZ iShares MSCI Brazil ETF 5.1 58 -9 10.6 +1.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.0 90 -41 3.6 -5.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.0 60 -11 10.5 +1.7
XCNY SPDR S&P Emerging Markets ex-China ETF 5.0 15 34 5.6 -3.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.9 58 -9 8.5 -0.3
XCEM Columbia EM Core ex-China ETF 4.9 16 33 5.0 -3.9
ECON Columbia Emerging Markets Consumer ETF 4.7 49 0 6.6 -2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.7 32 17 4.7 -4.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.7 24 25 5.2 -3.7
EMXF iShares ESG Advanced MSCI EM ETF 4.7 16 33 6.6 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 4.6 17 32 12.5 +3.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.6 25 24 10.4 +1.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.4 88 -39 8.4 -0.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.2 75 -26 6.3 -2.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.1 33 16 6.1 -2.8
FTHF First Trust Emerging Markets Human Flourishing ETF 4.1 75 -26 5.8 -3.1
SCHE Schwab Emerging Markets Equity ETF 4.0 11 38 9.3 +0.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.0 35 14 9.9 +1.1
JHEM John Hancock Multifactor Emerging Markets ETF 3.9 49 0 7.5 -1.4
VWO Vanguard FTSE Emerging Markets ETF 3.9 7 42 9.0 +0.2
EMXC iShares MSCI Emerging Markets ex China ETF 3.9 25 24 5.1 -3.7
EWW iShares MSCI Mexico ETF 3.8 50 -1 8.3 -0.6
FLMX Franklin FTSE Mexico ETF 3.8 19 30 8.7 -0.1
STXE Strive Emerging Markets Ex-China ETF 3.7 32 17 5.2 -3.6
SPEM SPDR Portfolio Emerging Markets ETF 3.7 7 42 9.4 +0.5
ESGE iShares ESG Aware MSCI EM ETF 3.7 25 24 8.2 -0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 4 9.4 +0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.6 50 -1 8.2 -0.6
AVES Avantis Emerging Markets Value ETF 3.6 36 13 9.0 +0.1
UAE iShares MSCI UAE ETF 3.6 59 -10 0.0 -8.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.4 30 19 7.9 -0.9
KSA iShares MSCI Saudi Arabia ETF 3.3 74 -25 0.0 -8.8
DFEV Dimensional Emerging Markets Value ETF 3.3 43 6 9.4 +0.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 3.3 69 -20 7.6 -1.3
BKEM BNY Mellon Emerging Markets Equity ETF 3.2 11 38 24.0 +15.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.2 15 34 8.0 -0.9
EEM iShares MSCI Emerging Markets ETF 3.2 69 -20 7.8 -1.1
DVYE iShares Emerging Markets Dividend ETF 3.2 49 0 17.6 +8.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.2 53 -4 5.1 -3.7
AVSE Avantis Responsible Emerging Markets Equity ETF 3.2 33 16 6.6 -2.2
FLTW Franklin FTSE Taiwan ETF 3.2 19 30 3.3 -5.5
IEMG iShares Core MSCI Emerging Markets ETF 3.1 9 40 8.2 -0.7
EWT iShares MSCI Taiwan ETF 3.1 58 -9 2.9 -5.9
OBOR KraneShares MSCI One Belt One Road Index ETF 3.1 79 -30 7.3 -1.5
FLSA Franklin FTSE Saudi Arabia ETF 3.1 39 10 0.0 -8.8
DFAE Dimensional Emerging Core Equity Market ETF 3.0 35 14 7.0 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.0 66 -17 7.3 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.0 59 -10 8.5 -0.3
DEHP Dimensional Emerging Markets High Profitability ETF 2.8 41 8 4.8 -4.0
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 -40 4.2 -4.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.8 38 11 7.0 -1.8
AVEM Avantis Emerging Markets Equity ETF 2.8 33 16 7.0 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.8 15 34 8.8 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.7 36 13 7.5 -1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.7 45 4 8.0 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.7 70 -21 6.6 -2.3
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 -11 7.5 -1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.6 32 17 7.5 -1.4
OTGL OTG Latin America ETF 2.5 269 -220 7.6 -1.2
EMGF iShares Emerging Markets Equity Factor ETF 2.5 25 24 8.9 +0.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 8 6.9 -2.0
JADE JPMorgan Active Developing Markets Equity ETF 2.5 65 -16 5.9 -2.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 -29 9.2 +0.4
NXTG First Trust Indxx NextG ETF 2.4 70 -21 3.5 -5.3
GMF SPDR S&P Emerging Asia Pacific ETF 2.4 49 0 8.5 -0.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.4 33 16 6.7 -2.1
VYMI Vanguard International High Dividend Yield ETF 2.4 17 32 7.7 -1.2
VIDI Vident International Equity Strategy ETF 2.3 61 -12 8.2 -0.7
ACWV iShares MSCI Global Min Vol Factor ETF 2.3 20 29 5.6 -3.3
QAT iShares MSCI Qatar ETF 2.3 59 -10 49.8 +41.0
EEMA iShares MSCI Emerging Markets Asia ETF 2.2 49 0 7.5 -1.4
ILF iShares Latin America 40 ETF 2.1 48 1 9.5 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.1 49 0 4.5 -4.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 -3 7.5 -1.3
EPHE iShares MSCI Philippines ETF 2.0 59 -10 0.0 -8.8
RCGE RockCreek Global Equality ETF 1.9 95 -46 5.7 -3.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 30 7.1 -1.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.9 42 7 7.8 -1.0
WDIV SPDR S&P Global Dividend ETF 1.9 40 9 8.8 -0.1
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -16 6.7 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 70 -21 6.9 -1.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 -31 8.8 -0.0
ISHP First Trust Nasdaq Retail ETF 1.6 60 -11 5.1 -3.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.6 95 -46 9.7 +0.8
IGRO iShares International Dividend Growth ETF 1.6 15 34 6.5 -2.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 1.5 80 -31 4.8 -4.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.5 60 -11 6.4 -2.4
INCO Columbia India Consumer ETF 1.5 75 -26 2.0 -6.8
INDY iShares India 50 ETF 1.5 89 -40 5.1 -3.7
GREK Global X MSCI Greece ETF 1.5 57 -8 8.2 -0.6
MOTI VanEck Morningstar International Moat ETF 1.4 58 -9 9.6 +0.7
FLN First Trust Latin America AlphaDEX Fund 1.3 80 -31 9.9 +1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 -16 7.1 -1.8
EMM Global X Emerging Markets ex-China ETF 1.3 75 -26 4.7 -4.1
ICPY Tweedy, Browne International Insider Value ETF 1.3 80 -31 20.1 +11.3
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -31 14.0 +5.1
SDIV Global X Superdividend ETF 1.2 58 -9 13.6 +4.8
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 13 5.9 -2.9
VSGX Vanguard ESG International Stock ETF 1.2 10 39 6.4 -2.4
BKF iShares MSCI BIC ETF 1.2 69 -20 14.4 +5.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.1 80 -31 7.5 -1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 1.1 48 1 8.6 -0.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.1 80 -31 12.4 +3.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 4 45 6.5 -2.3
VXUS Vanguard Total International Stock ETF 1.1 5 44 6.5 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 15 6.2 -2.6
PBD Invesco Global Clean Energy ETF 1.0 75 -26 0.3 -8.5
FEUZ First Trust Eurozone AlphaDEX ETF 1.0 80 -31 6.5 -2.4
IXUS iShares Core MSCI Total International Stock ETF 1.0 7 42 6.4 -2.4
WWJD Inspire International ETF 1.0 80 -31 6.1 -2.7
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 2 7.3 -1.6
EMC Global X Emerging Markets Great Consumer ETF 1.0 75 -26 7.1 -1.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 39 8.4 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 8 5.8 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 2 7.0 -1.9
FCA First Trust China AlphaDEX Fund 0.9 80 -31 8.4 -0.5
FXI iShares China Large-Cap ETF 0.9 74 -25 20.4 +11.5
BINV Brandes International ETF 0.9 70 -21 8.1 -0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 19 6.3 -2.5
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 19 6.3 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 31 6.2 -2.7
FLCH Franklin FTSE China ETF 0.8 19 30 17.8 +9.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -34 7.3 -1.6
GVAL Cambria Global Value ETF 0.8 68 -19 8.3 -0.5
MCHI iShares MSCI China ETF 0.8 59 -10 20.0 +11.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 37 8.4 -0.5
OSEA Harbor International Compounders ETF 0.7 55 -6 4.2 -4.6
EIDO iShares MSCI Indonesia ETF 0.7 59 -10 10.6 +1.8
IDX VanEck Indonesia Index ETF 0.7 57 -8 9.7 +0.9
GXC SPDR S & P China ETF 0.7 59 -10 18.7 +9.8
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -10 6.9 -1.9
INDA iShares MSCI India ETF 0.7 65 -16 4.4 -4.4
EMIF iShares Emerging Markets Infrastructure ETF 0.6 60 -11 2.9 -6.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 20 6.8 -2.1
FEP First Trust Europe AlphaDEX Fund 0.6 80 -31 6.7 -2.2
ARVR First Trust Indxx Metaverse ETF 0.6 70 -21 3.6 -5.2
AVRE Avantis Real Estate ETF 0.5 17 32 6.6 -2.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.3 -2.5
GII SPDR S&P Global Infrastructure ETF 0.5 40 9 4.3 -4.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -31 6.9 -1.9
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 -30 8.4 -0.4
IGF iShares Global Infrastructure ETF 0.5 41 8 4.3 -4.6
BLES Inspire Global Hope ETF 0.5 61 -12 5.5 -3.3
EPOL iShares MSCI Poland ETF 0.5 59 -10 8.1 -0.7
FLIN Franklin FTSE India ETF 0.5 19 30 4.0 -4.8
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 2 6.8 -2.1
DEW WisdomTree Global High Dividend Fund 0.4 58 -9 6.9 -1.9
EPI WisdomTree India Earnings Fund 0.4 85 -36 5.0 -3.8
VT Vanguard Total World Stock ETF 0.4 6 43 4.9 -4.0
ACWI iShares MSCI ACWI ETF 0.4 32 17 4.5 -4.3
REET iShares Global REIT ETF 0.4 14 35 6.7 -2.1
FRGN Horizon International Equity ETF 0.4 75 -26 7.7 -1.1
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -10 9.7 +0.8
DFGR Dimensional Global Real Estate ETF 0.3 22 27 6.8 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 29 4.6 -4.2
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 39 5.8 -3.0
EWZS iShares MSCI Brazil Small-Cap ETF 0.3 59 -10 12.2 +3.3
BRF VanEck Brazil Small-Cap ETF 0.3 66 -17 12.0 +3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 -6 5.8 -3.0
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -11 9.1 +0.3
SNSR Global X Internet of Things ETF 0.3 68 -19 3.3 -5.5
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 6.1 -2.8
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 31 0.0 -8.8
TTAI FCF International Quality ETF 0.3 59 -10 6.9 -1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 40 4.7 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 37 4.3 -4.5
CLNR IQ Cleaner Transport ETF 0.2 45 4 4.0 -4.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 2 5.0 -3.9
GLOF iShares Global Equity Factor ETF 0.2 20 29 5.4 -3.4
SPRE SP Funds S&P Global REIT Sharia ETF 0.2 55 -6 5.2 -3.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 17 14.1 +5.2
KXI iShares Global Consumer Staples ETF 0.2 41 8 5.3 -3.6
GEW Cambria Global EW ETF 0.1 29 20 5.2 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 12 6.9 -1.9
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 1 5.4 -3.4
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 39 4.8 -4.0
KNCT Invesco Next Gen Connectivity ETF 0.1 40 9 2.9 -5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 6.8 -2.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 38 6.6 -2.3
IXG iShares Global Financials ETF 0.1 42 7 5.7 -3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 25 6.8 -2.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 6.8 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 10 6.6 -2.2
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -11 4.4 -4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 0 5.9 -2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 10 8.1 -0.8
VPL Vanguard FTSE Pacific ETF 0.0 7 42 5.1 -3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 7 4.0 -4.9
WRND IQ Global Equity R&D Leaders ETF 0.0 18 31 3.9 -4.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 46 5.8 -3.1
VGK Vanguard FTSE Europe ETF 0.0 6 43 6.3 -2.5
SPEU SPDR Portfolio Europe ETF 0.0 7 42 6.3 -2.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 15 5.1 -3.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 29 5.5 -3.4
SCHF Schwab International Equity ETF 0.0 6 43 5.8 -3.1

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:		 SPDR S&P Emerging Markets Dividend ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.52
 
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.