Invesco S&P Emerging Markets Low Volatility ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 1.5x
P/BV
ratio		 1.6x Div.
yield		 4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Emerging Markets Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P BMI Emerging Markets Low Volatility Index (the "Underlying Index").

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Jan 13, 2012
Assets (mns) $440
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Volatility
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 220
Wgt avg mkt cap (mns) $30,372
Large cap (>$10bn) 46.7%
Mid cap ($2-10bn) 48.2%
Small cap (<$2bn) 3.7%
Developed mkts 2.1%
Emerging mkts 97.5%

TOP TEN HOLDINGS
CHUNGHWA TELECOM CO., LTD 0.9 %
KUWAIT FINANCE HOUSE 0.9 %
TISCO FINANCIAL GROUP-NVDR 0.9 %
JARIR MARKETING CO. 0.8 %
BOUBYAN BANK K.S.C 0.7 %
TAIWAN HIGH SPEED RAIL CORPORATION 0.7 %
MOBILE TELECOMMUNICATIONS CO. KSC 0.7 %
TAIWAN MOBILE CO. LTD. 0.7 %
SAUDI TELECOM CO. 0.7 %
MASRAF AL RAYAN 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
TAIWAN 11.9 %
MALAYSIA 10.9 %
SAUDI ARABIA 10.4 %
BRAZIL 7.9 %
CHINA 7.3 %
SOUTH AFRICA 6.4 %
KUWAIT 5.5 %
THAILAND 5.4 %
QATAR 3.8 %
UAE 3.6 %

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.
7.6% 16.6% 8.2% 6.5% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.57 44%
MSCI EAFE 0.57 66%
MSCI Emg. Mkts. 0.33 53%

Technical Indicators
Recent close $28.91
30d moving avg. $28.18
Annualized volatility 10.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.3%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $2,793

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 potential alternatives to the Invesco S&P Emerging Markets Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with EELV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EELV Expense: 29 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EELV
Ticker Fund
Name		 Overlap1
vs EELV
(%)		 Expense
ratio
(bp)		 Savings
vs EELV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EELV
(%)
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.7 44 -15 9.3 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 22.1 75 -46 7.7 -0.9
EDIV SPDR S&P Emerging Markets Dividend ETF 20.9 49 -20 8.8 +0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.2 40 -11 6.2 -2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 18.0 45 -16 9.4 +0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 17.5 30 -1 7.5 -1.2
EMXF iShares ESG Advanced MSCI EM ETF 16.1 16 13 6.6 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.9 39 -10 13.3 +4.6
DEM WisdomTree Emerging Markets High Dividend Fund 15.5 63 -34 10.2 +1.5
LDEM iShares ESG MSCI EM Leaders ETF 15.4 17 12 12.5 +3.9
VEXC Vanguard Emerging Markets Ex-China ETF 15.4 7 22 5.6 -3.1
ROAM Hartford Multifactor Emerging Markets ETF 15.2 44 -15 7.5 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 14.8 49 -20 13.1 +4.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 14.6 70 -41 9.2 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 14.6 32 -3 6.3 -2.4
XCNY SPDR S&P Emerging Markets ex-China ETF 14.5 15 14 5.6 -3.1
XCEM Columbia EM Core ex-China ETF 14.4 16 13 5.0 -3.7
ECON Columbia Emerging Markets Consumer ETF 14.3 49 -20 6.6 -2.1
SCHE Schwab Emerging Markets Equity ETF 13.8 11 18 9.3 +0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.9 32 -3 4.7 -4.0
VWO Vanguard FTSE Emerging Markets ETF 12.7 7 22 9.0 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 12.6 24 5 5.2 -3.5
JHEM John Hancock Multifactor Emerging Markets ETF 12.6 49 -20 7.5 -1.2
EMXC iShares MSCI Emerging Markets ex China ETF 12.6 25 4 5.1 -3.6
SPEM SPDR Portfolio Emerging Markets ETF 12.5 7 22 9.4 +0.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 12.3 35 -6 9.9 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.2 45 -16 8.0 -0.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 12.1 69 -40 7.6 -1.1
EEM iShares MSCI Emerging Markets ETF 12.1 69 -40 7.8 -0.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 12.0 15 14 8.0 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 11.9 30 -1 7.9 -0.8
FDEM Fidelity Emerging Markets Multifactor ETF 11.8 25 4 10.4 +1.7
FLLA Franklin FTSE Latin America ETF 11.8 19 10 10.6 +1.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 11.7 33 -4 6.1 -2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 11.5 88 -59 8.4 -0.3
BKEM BNY Mellon Emerging Markets Equity ETF 11.4 11 18 24.0 +15.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 66 -37 7.3 -1.4
ESGE iShares ESG Aware MSCI EM ETF 11.2 25 4 8.2 -0.5
AVEM Avantis Emerging Markets Equity ETF 11.2 33 -4 7.0 -1.7
STXE Strive Emerging Markets Ex-China ETF 11.2 32 -3 5.2 -3.4
DFAE Dimensional Emerging Core Equity Market ETF 11.0 35 -6 7.0 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 10.9 9 20 8.2 -0.5
EMGF iShares Emerging Markets Equity Factor ETF 10.9 25 4 8.9 +0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.9 36 -7 7.5 -1.1
DFEV Dimensional Emerging Markets Value ETF 10.9 43 -14 9.4 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 10.6 50 -21 8.2 -0.5
FLSA Franklin FTSE Saudi Arabia ETF 10.2 39 -10 0.0 -8.7
FLN First Trust Latin America AlphaDEX Fund 10.1 80 -51 9.9 +1.2
KSA iShares MSCI Saudi Arabia ETF 9.9 74 -45 0.0 -8.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.5 38 -9 7.0 -1.7
FTHF First Trust Emerging Markets Human Flourishing ETF 9.4 75 -46 5.8 -2.9
AVES Avantis Emerging Markets Value ETF 9.3 36 -7 9.0 +0.3
AVSE Avantis Responsible Emerging Markets Equity ETF 9.3 33 -4 6.6 -2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.3 59 -30 8.5 -0.2
FRDM Freedom 100 Emerging Markets ETF 9.2 49 -20 5.4 -3.3
DVYE iShares Emerging Markets Dividend ETF 9.2 49 -20 17.6 +8.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 9.1 53 -24 5.1 -3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.0 41 -12 6.9 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 8.5 15 14 8.8 +0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.4 67 -38 12.2 +3.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 8.3 90 -61 3.6 -5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.1 32 -3 7.5 -1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 8.0 48 -19 8.6 -0.1
EWM iShares MSCI Malaysia ETF 7.9 50 -21 6.4 -2.3
FEM First Trust Emerging Markets AlphaDEX Fund 7.8 80 -51 8.8 +0.1
FLBR Franklin FTSE Brazil ETF 7.7 19 10 11.9 +3.2
EWT iShares MSCI Taiwan ETF 7.6 58 -29 2.9 -5.7
JIVE JPMorgan International Value ETF 7.5 55 -26 7.9 -0.8
DEHP Dimensional Emerging Markets High Profitability ETF 7.4 41 -12 4.8 -3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 7.4 33 -4 6.7 -2.0
VIDI Vident International Equity Strategy ETF 7.4 61 -32 8.2 -0.5
EWZ iShares MSCI Brazil ETF 7.4 58 -29 10.6 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 7.3 49 -20 8.5 -0.2
VYMI Vanguard International High Dividend Yield ETF 7.3 17 12 7.7 -1.0
FLTW Franklin FTSE Taiwan ETF 6.9 19 10 3.3 -5.3
DWX SPDR S&P International Dividend ETF 6.8 45 -16 6.6 -2.1
GVAL Cambria Global Value ETF 6.7 68 -39 8.3 -0.4
JADE JPMorgan Active Developing Markets Equity ETF 6.6 65 -36 5.9 -2.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 6.6 75 -46 6.3 -2.4
SCHY Schwab International Dividend Equity ETF 6.6 14 15 8.1 -0.6
ACWV iShares MSCI Global Min Vol Factor ETF 6.5 20 9 5.6 -3.1
EEMO Invesco S&P Emerging Markets Momentum ETF 6.5 29 0 6.8 -1.9
BKF iShares MSCI BIC ETF 6.5 69 -40 14.4 +5.7
NUEM Nuveen ESG Emerging Markets Equity ETF 6.1 36 -7 5.9 -2.8
AFK VanEck Africa Index ETF 6.0 98 -69 11.2 +2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.9 95 -66 9.7 +1.0
EZA iShares MSCI South Africa ETF 5.8 58 -29 9.2 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 5.7 49 -20 7.5 -1.2
EYLD Cambria Emerging Shareholder Yield ETF 5.7 66 -37 9.0 +0.3
JSTC Adasina Social Justice All Cap Global ETF 5.0 89 -60 4.2 -4.5
FLAX Franklin FTSE Asia Ex Japan ETF 4.9 19 10 7.1 -1.6
EMC Global X Emerging Markets Great Consumer ETF 4.8 75 -46 7.1 -1.6
ASEA Global X FTSE Southeast Asia ETF 4.8 65 -36 5.1 -3.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.7 70 -41 6.9 -1.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -31 10.5 +1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.7 58 -29 8.5 -0.2
WWJD Inspire International ETF 4.6 80 -51 6.1 -2.6
GXC SPDR S & P China ETF 4.5 59 -30 18.7 +10.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.5 65 -36 7.1 -1.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.4 46 -17 7.9 -0.8
FLCH Franklin FTSE China ETF 4.3 19 10 17.8 +9.1
MCHI iShares MSCI China ETF 4.2 59 -30 20.0 +11.3
ACWX iShares MSCI ACWI ex U.S. ETF 4.0 34 -5 6.2 -2.5
FXI iShares China Large-Cap ETF 3.9 74 -45 20.4 +11.7
EMIF iShares Emerging Markets Infrastructure ETF 3.9 60 -31 2.9 -5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.9 41 -12 5.8 -2.9
QAT iShares MSCI Qatar ETF 3.8 59 -30 49.8 +41.2
VSGX Vanguard ESG International Stock ETF 3.8 10 19 6.4 -2.3
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 4 25 6.5 -2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.7 18 11 6.2 -2.5
IXUS iShares Core MSCI Total International Stock ETF 3.6 7 22 6.4 -2.2
UAE iShares MSCI UAE ETF 3.6 59 -30 0.0 -8.7
THD iShares MSCI Thailand ETF 3.6 58 -29 0.0 -8.7
VXUS Vanguard Total International Stock ETF 3.6 5 24 6.5 -2.2
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 -50 7.3 -1.4
EMM Global X Emerging Markets ex-China ETF 3.4 75 -46 4.7 -3.9
NXTG First Trust Indxx NextG ETF 3.4 70 -41 3.5 -5.2
CWI SPDR MSCI ACWI ex-US ETF 3.3 30 -1 6.3 -2.4
MEM Matthews Emerging Markets Equity Active ETF 3.2 79 -50 8.4 -0.3
ILF iShares Latin America 40 ETF 3.1 48 -19 9.5 +0.8
AIA iShares Asia 50 ETF 3.1 50 -21 7.6 -1.1
VEGI iShares MSCI Agriculture Producers ETF 3.1 39 -10 7.6 -1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.0 30 -1 6.3 -2.4
ECH iShares MSCI Chile ETF 2.9 58 -29 7.4 -1.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.8 80 -51 7.5 -1.2
FLMX Franklin FTSE Mexico ETF 2.7 19 10 8.7 +0.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.5 70 -41 6.6 -2.1
SDIV Global X Superdividend ETF 2.5 58 -29 13.6 +4.9
IQDF FlexShares International Quality Dividend Index Fund 2.4 47 -18 7.3 -1.4
GREK Global X MSCI Greece ETF 2.4 57 -28 8.2 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.3 47 -18 7.0 -1.7
BLES Inspire Global Hope ETF 2.3 61 -32 5.5 -3.2
EWW iShares MSCI Mexico ETF 2.3 50 -21 8.3 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -51 6.9 -1.8
FRGN Horizon International Equity ETF 2.2 75 -46 7.7 -1.0
WDIV SPDR S&P Global Dividend ETF 2.1 40 -11 8.8 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -31 7.5 -1.1
GSIB Themes Global Systemically Important Banks ETF 2.1 35 -6 7.5 -1.2
IXG iShares Global Financials ETF 2.1 42 -13 5.7 -3.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.1 42 -13 7.8 -0.9
JIG JPMorgan International Growth ETF 1.9 55 -26 3.6 -5.1
OTGL OTG Latin America ETF 1.8 269 -240 7.6 -1.1
DEW WisdomTree Global High Dividend Fund 1.7 58 -29 6.9 -1.8
ICLN iShares Global Clean Energy ETF 1.7 41 -12 2.0 -6.7
MOO VanEck Agribusiness ETF 1.7 53 -24 8.9 +0.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.6 78 -49 9.2 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 19 4.8 -3.9
ACWI iShares MSCI ACWI ETF 1.5 32 -3 4.5 -4.2
GII SPDR S&P Global Infrastructure ETF 1.5 40 -11 4.3 -4.4
IGF iShares Global Infrastructure ETF 1.5 41 -12 4.3 -4.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.5 60 -31 6.4 -2.3
DGT State Street SPDR Global Dow ETF 1.5 50 -21 5.5 -3.2
OAIM OneAscent International Equity ETF 1.5 95 -66 4.5 -4.2
RCGE RockCreek Global Equality ETF 1.4 95 -66 5.7 -3.0
CGV Conductor Global Equity Value ETF 1.4 130 -101 7.7 -1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.4 47 -18 5.0 -3.7
VT Vanguard Total World Stock ETF 1.3 6 23 4.9 -3.8
IGRO iShares International Dividend Growth ETF 1.3 15 14 6.5 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -20 4.5 -4.2
FCA First Trust China AlphaDEX Fund 1.2 80 -51 8.4 -0.3
GEW Cambria Global EW ETF 1.2 29 0 5.2 -3.5
TTAI FCF International Quality ETF 1.2 59 -30 6.9 -1.7
ECNS iShares MSCI China Small-Cap ETF 1.1 59 -30 9.7 +1.0
FPXI First Trust International Equity Opportunities ETF 1.1 70 -41 3.9 -4.8
GLOF iShares Global Equity Factor ETF 1.1 20 9 5.4 -3.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 -26 5.8 -2.9
JCHI JPMorgan Active China ETF 1.1 65 -36 15.1 +6.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 17 4.3 -4.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 9 4.6 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 19 8.4 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 1.0 80 -51 6.5 -2.2
FEP First Trust Europe AlphaDEX Fund 1.0 80 -51 6.7 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 20 4.7 -4.0
APIE ActivePassive International Equity ETF 0.9 45 -16 6.2 -2.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.9 58 -29 3.5 -5.2
CRAK VanEck Oil Refiners ETF 0.9 61 -32 8.2 -0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 17 8.4 -0.3
RNRG Global X Renewable Energy Producers ETF 0.8 66 -37 4.8 -3.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 -13 4.0 -4.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 -30 2.6 -6.1
JXI iShares Global Utilities ETF 0.8 43 -14 5.2 -3.5
ISHP First Trust Nasdaq Retail ETF 0.7 60 -31 5.1 -3.6
KXI iShares Global Consumer Staples ETF 0.7 41 -12 5.3 -3.4
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 -26 6.3 -2.4
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -41 7.0 -1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 -17 5.2 -3.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -51 9.2 +0.5
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -33 3.2 -5.5
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -54 7.3 -1.4
MOTI VanEck Morningstar International Moat ETF 0.5 58 -29 9.6 +0.9
MOTG VanEck Morningstar Global Wide Moat ETF 0.5 52 -23 7.5 -1.2
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -30 6.9 -1.8
BLDG Cambria Global Real Estate ETF 0.5 60 -31 10.6 +1.9
KOCG FIS Knights of Columbus Global Belief ETF 0.5 75 -46 4.5 -4.2
NDIA Global X India Active ETF 0.5 75 -46 4.9 -3.7
AQLT iShares MSCI Global Quality Factor ETF 0.5 18 11 0.0 -8.7
NUKZ Range Nuclear Renaissance Index ETF 0.5 85 -56 1.4 -7.3
IDOG ALPS International Sector Dividend Dogs ETF 0.5 50 -21 9.0 +0.3
FEOE First Eagle Overseas Equity ETF 0.5 79 -50 5.9 -2.8
ARKF ARK Fintech Innovation ETF 0.5 75 -46 0.3 -8.4
EPOL iShares MSCI Poland ETF 0.5 59 -30 8.1 -0.6
ICPY Tweedy, Browne International Insider Value ETF 0.5 80 -51 20.1 +11.4
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -51 14.0 +5.3
MCH Matthews China Active ETF 0.5 79 -50 14.8 +6.1
IQRA IQ CBRE Real Assets ETF 0.5 65 -36 5.7 -2.9
FDLS Inspire Fidelis Multi Factor ETF 0.5 76 -47 3.0 -5.7
FFND Future Fund Active ETF 0.5 100 -71 4.2 -4.5
EPU iShares MSCI Peru and Global Exposure ETF 0.5 59 -30 4.3 -4.4
JHDV John Hancock U.S. High Dividend ETF 0.5 34 -5 5.7 -3.0
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -43 5.5 -3.2
GPT Intelligent Alpha Atlas ETF 0.5 69 -40 6.1 -2.6
ARGT Global X MSCI Argentina ETF 0.5 59 -30 3.3 -5.4
BRAZ Global X Brazil Active ETF 0.5 75 -46 10.2 +1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -10 8.3 -0.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 -29 9.1 +0.5
FRNW Fidelity Clean Energy ETF 0.5 39 -10 2.0 -6.7
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 -50 3.6 -5.1
CGXU Capital Group International Focus Equity ETF 0.5 54 -25 3.7 -5.0
AQWA Global X Clean Water ETF 0.4 50 -21 4.8 -3.9
TBLU Tortoise Global Water ESG ETF 0.4 40 -11 4.4 -4.3
FYLD Cambria Foreign Shareholder Yield ETF 0.4 59 -30 9.9 +1.2
EBLU Ecofin Global Water ESG Fund 0.4 40 -11 4.5 -4.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -36 6.7 -2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 -10 8.1 -0.6
CGGO Capital Group Global Growth Equity ETF 0.4 47 -18 3.9 -4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 21 6.3 -2.4
COLO Global X MSCI Colombia ETF 0.4 62 -33 14.2 +5.5
OSEA Harbor International Compounders ETF 0.4 55 -26 4.2 -4.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -8 6.9 -1.8
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 -30 3.6 -5.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 -18 4.9 -3.8
CGW Invesco S&P Global Water Index ETF 0.4 57 -28 4.4 -4.3
BINV Brandes International ETF 0.4 70 -41 8.1 -0.6
PIO Invesco Global Water ETF 0.4 75 -46 4.3 -4.4
EPHE iShares MSCI Philippines ETF 0.4 59 -30 0.0 -8.7
KURE KraneShares MSCI All China Health Care Index ETF 0.4 65 -36 2.7 -6.0
SMOG VanEck Low Carbon Energy ETF 0.4 61 -32 1.3 -7.4
EWY iShares MSCI South Korea ETF 0.4 58 -29 3.4 -5.3
UIVM VictoryShares International Value Momentum ETF 0.4 35 -6 7.7 -1.0
CUT Invesco MSCI Global Timber ETF 0.3 61 -32 7.7 -1.0
WOOD iShares Global Timber & Forestry ETF 0.3 42 -13 10.6 +2.0
VGSR Vert Global Sustainable Real Estate ETF 0.3 47 -18 6.8 -1.9
FLKR Franklin FTSE South Korea ETF 0.3 9 20 4.3 -4.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 -3 14.1 +5.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -51 12.4 +3.7
AVRE Avantis Real Estate ETF 0.3 17 12 6.6 -2.0
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -31 9.1 +0.5
DOL WisdomTree International LargeCap Dividend Fund 0.3 48 -19 5.4 -3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -10 6.6 -2.1
DFGR Dimensional Global Real Estate ETF 0.2 22 7 6.8 -1.9
REET iShares Global REIT ETF 0.2 14 15 6.7 -2.0
PID Invesco International Dividend Achievers ETF 0.2 53 -24 4.0 -4.7
PATN Pacer Nasdaq International Patent Leaders ETF 0.2 65 -36 4.0 -4.7
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -21 6.1 -2.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 5 6.8 -1.9
OCEN IQ Clean Oceans ETF 0.2 45 -16 4.6 -4.1
CLNR IQ Cleaner Transport ETF 0.1 45 -16 4.0 -4.7
KNCT Invesco Next Gen Connectivity ETF 0.1 40 -11 2.9 -5.8
VYM Vanguard High Dividend Yield Index ETF 0.1 6 23 5.9 -2.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 18 6.6 -2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -20 5.9 -2.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 9 5.5 -3.2
VPL Vanguard FTSE Pacific ETF 0.1 7 22 5.1 -3.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 4 7.2 -1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 -16 6.6 -2.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 -6 4.1 -4.5
XT iShares Exponential Technologies ETF 0.0 46 -17 3.9 -4.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 20 4.0 -4.7
RXI iShares Global Consumer Discretionary ETF 0.0 41 -12 8.0 -0.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 26 5.8 -2.9
SCHF Schwab International Equity ETF 0.0 6 23 5.8 -2.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 -5 5.1 -3.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 26 5.7 -3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -10 6.8 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 9 5.6 -3.1
BKIE BNY Mellon International Equity ETF 0.0 4 25 17.4 +8.7
VGK Vanguard FTSE Europe ETF 0.0 6 23 6.3 -2.4
SPEU SPDR Portfolio Europe ETF 0.0 7 22 6.3 -2.4
IQSI IQ Candriam International Equity ETF 0.0 15 14 5.4 -3.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -10 6.1 -2.6

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:		 Invesco S&P Emerging Markets Low Volatility 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 13.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 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.