iShares MSCI Germany ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 16.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.8x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Germany Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German equity market, as measured by the MSCI Germany Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $1,739
Currency USD
Expense ratio 50 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $114,867
Large cap (>$10bn) 97.5%
Mid cap ($2-10bn) 2.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 13.5 %
SIEMENS AG-REG 10.9 %
ALLIANZ SE-REG 8.7 %
DEUTSCHE TELEKOM AG 6.2 %
SIEMENS ENERGY AG 5.6 %
RHEINMETALL AG 4.3 %
MUENCHENER RUECKVER AG-REG 4.3 %
DEUTSCHE BANK AG-REGISTERED 3.5 %
INFINEON TECHNOLOGIES AG 3.0 %
DAIMLER AG-REGISTERED SHARES 2.7 %
Total 62.6 %

TOP COUNTRY EXPOSURE
GERMANY 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
30.7% 28.9% 8.9% 6.7% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.71 49%
MSCI EAFE 1.08 83%
MSCI Emg. Mkts. 0.78 49%

Technical Indicators
Recent close $41.41
30d moving avg. $40.68
Annualized volatility 18.9%
Short interest (ETF) 8.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1,899
Turnover 4.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $2,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 314 potential alternatives to the iShares MSCI Germany ETF ETF based on the alternatives' overlap in portfolio holdings with EWG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWG Expense: 50 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWG
Ticker Fund
Name		 Overlap1
vs EWG
(%)		 Expense
ratio
(bp)		 Savings
vs EWG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWG
(%)
DAX Global X DAX Germany ETF 90.1 21 29 7.0 +0.5
FLGR Franklin FTSE Germany ETF 85.4 9 41 7.2 +0.6
FGM First Trust Germany AlphaDEX Fund 34.3 80 -30 6.8 +0.3
FEZ SPDR EURO STOXX 50 ETF 28.9 29 21 6.4 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.4 45 5 6.8 +0.2
EZU iShares MSCI Eurozone ETF 26.4 52 -2 6.4 -0.1
HEDJ WisdomTree Europe Hedged Equity Fund 24.7 58 -8 6.4 -0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.4 25 25 7.1 +0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.6 46 4 6.5 -0.0
FEUZ First Trust Eurozone AlphaDEX ETF 15.5 80 -30 7.5 +0.9
IDMO Invesco S&P International Developed Momentum ETF 15.2 25 25 5.8 -0.8
DTAN Sparkline International Intangible Value ETF 15.1 55 -5 8.1 +1.6
BBEU JPMorgan BetaBuilders Europe ETF 14.9 9 41 7.0 +0.4
IEV iShares Europe ETF 14.1 67 -17 6.6 0.0
FLEE Franklin FTSE Europe ETF 13.7 9 41 7.0 +0.4
CLNR IQ Cleaner Transport ETF 13.5 45 5 5.2 -1.4
EUFN iShares MSCI Europe Financials ETF 13.3 51 -1 7.8 +1.2
OSEA Harbor International Compounders ETF 13.1 55 -5 4.8 -1.7
IEUR iShares Core MSCI Europe ETF 12.9 11 39 7.1 +0.5
VGK Vanguard FTSE Europe ETF 12.5 6 44 7.2 +0.6
MOTO SmartETFs Smart Transportation & Technology ETF 12.4 68 -18 6.4 -0.2
SPEU SPDR Portfolio Europe ETF 12.3 7 43 7.1 +0.6
FIVA Fidelity International Value Factor ETF 11.8 18 32 9.1 +2.6
IVLU iShares MSCI Intl Value Factor ETF 11.1 30 20 9.6 +3.1
INEQ Columbia International Equity Income ETF 10.9 45 5 7.6 +1.0
FENI Fidelity Enhanced International ETF 10.9 28 22 6.2 -0.4
JHID John Hancock International High Dividend ETF 10.7 46 4 9.2 +2.6
UIVM VictoryShares International Value Momentum ETF 10.6 35 15 8.4 +1.9
JIRE JPMorgan International Research Enhanced Equity ETF 10.4 24 26 6.8 +0.3
AVIV Avantis International Large Cap Value ETF 10.3 25 25 8.3 +1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 10.3 36 14 6.3 -0.2
SHPP Pacer Industrials and Logistics ETF 10.1 60 -10 8.3 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.1 25 25 6.9 +0.3
FEP First Trust Europe AlphaDEX Fund 10.0 80 -30 7.9 +1.3
DIVI Franklin International Core Dividend Tilt Index ETF 10.0 9 41 7.5 +1.0
OCEN IQ Clean Oceans ETF 10.0 45 5 5.3 -1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 9.9 20 30 6.6 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 9.9 20 30 6.1 -0.5
EFG iShares MSCI EAFE Growth ETF 9.8 36 14 4.1 -2.4
IMOM Alpha Architect International Quantitative Momentum ETF 9.7 49 1 4.7 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.7 58 -8 6.6 +0.1
IQSI IQ Candriam International Equity ETF 9.6 15 35 6.2 -0.3
EFA iShares MSCI EAFE ETF 9.4 35 15 6.4 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 9.4 20 30 6.5 -0.1
JHMD John Hancock Multifactor Developed International ETF 9.4 39 11 7.1 +0.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.3 35 15 6.2 -0.3
STXI Strive International Developed Markets ETF 9.2 29 21 6.3 -0.3
ESGD iShares ESG Aware MSCI EAFE ETF 9.2 20 30 6.3 -0.3
EFV iShares MSCI EAFE Value ETF 8.7 34 16 8.5 +1.9
WRND IQ Global Equity R&D Leaders ETF 8.7 18 32 7.5 +1.0
DWMF WisdomTree International Multifactor Fund 8.7 38 12 7.1 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 8.7 31 19 5.9 -0.7
PATN Pacer Nasdaq International Patent Leaders ETF 8.5 65 -15 5.3 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 8.5 30 20 5.2 -1.4
BKIE BNY Mellon International Equity ETF 8.5 4 46 6.6 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 8.5 12 38 5.4 -1.2
CGIE Capital Group International Equity ETF 8.4 54 -4 4.9 -1.7
DFIV Dimensional International Value ETF 8.3 27 23 8.9 +2.4
OEFA ALPS O’Shares International Developed Quality Dividend ETF 8.3 48 2 5.3 -1.2
LVHI Franklin International Low Volatility High Dividend Index ET 8.3 40 10 10.1 +3.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.3 20 30 6.1 -0.5
DOL WisdomTree International LargeCap Dividend Fund 8.2 48 2 6.8 +0.2
QINT American Century Quality Diversified International ETF 8.1 39 11 6.8 +0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.1 45 5 8.3 +1.8
IEFA iShares Core MSCI EAFE ETF 8.0 7 43 6.7 +0.1
CGXU Capital Group International Focus Equity ETF 7.8 54 -4 5.3 -1.2
CIL VictoryShares International Volatility Wtd ETF 7.8 45 5 6.4 -0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.7 65 -15 7.9 +1.4
BKCI BNY Mellon Concentrated International ETF 7.6 80 -30 5.1 -1.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.6 30 20 6.7 +0.1
PCGG Polen Capital Global Growth ETF 7.6 85 -35 4.2 -2.4
DIHP Dimensional International High Profitability ETF 7.5 29 21 6.6 0.0
IQDG WisdomTree International Quality Dividend Growth Fund 7.3 42 8 6.9 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 7.3 50 0 11.4 +4.9
FNDF Schwab Fundamental International Large Co. Index ETF 7.3 25 25 8.9 +2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.2 58 -8 6.8 +0.2
AVSD Avantis Responsible International Equity ETF 7.2 23 27 5.1 -1.4
IDEV iShares Core MSCI International Developed Markets ETF 7.1 4 46 6.7 +0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.1 65 -15 10.6 +4.1
SCHF Schwab International Equity ETF 7.0 6 44 6.8 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.0 9 41 8.9 +2.4
VWID Virtus WMC International Dividend ETF 7.0 49 1 8.0 +1.4
AVDE Avantis International Equity ETF 7.0 23 27 7.0 +0.5
IQLT iShares MSCI Intl Quality Factor ETF 6.9 30 20 6.1 -0.5
FICS First Trust International Developed Capital Strength ETF 6.9 70 -20 7.3 +0.7
UMMA Wahed Dow Jones Islamic World ETF 6.9 65 -15 4.7 -1.8
DFAI Dimensional International Core Equity Market ETF 6.9 18 32 6.7 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 6.8 83 -33 10.0 +3.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.8 47 3 5.8 -0.8
TPIF Timothy Plan International ETF 6.8 62 -12 6.0 -0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 6.8 32 18 5.9 -0.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.7 12 38 5.7 -0.8
DWM WisdomTree International Equity Fund 6.7 48 2 6.9 +0.4
INTF iShares International Equity Factor ETF 6.6 15 35 7.3 +0.7
VEA Vanguard FTSE Developed Markets ETF 6.5 3 47 6.8 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 6.5 24 26 6.1 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.5 40 10 7.0 +0.5
PPIE Putnam PanAgora ESG International Equity ETF 6.5 49 1 7.2 +0.6
DFIC Dimensional International Core Equity 2 ETF 6.5 23 27 7.1 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.5 41 9 7.1 +0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.4 45 5 1.7 -4.8
SPDW SPDR Portfolio Developed World ex-US ETF 6.4 3 47 6.6 +0.1
FDD First Trust Stoxx European Select Dividend Index Fund 6.3 58 -8 11.0 +4.4
PRNT 3D Printing ETF 6.3 66 -16 1.8 -4.8
FIDI Fidelity International High Dividend ETF 6.3 18 32 8.0 +1.4
RFDI First Trust Riverfront Dynamic Developed International ETF 6.2 83 -33 8.9 +2.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.1 70 -20 3.9 -2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.0 39 11 7.5 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 5.9 34 16 5.8 -0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 32 7.3 +0.7
GDFN Tema International Defense Innov ETF 5.8 75 -25 3.3 -3.3
ACWX iShares MSCI ACWI ex U.S. ETF 5.7 34 16 7.3 +0.7
CWI SPDR MSCI ACWI ex-US ETF 5.6 30 20 7.3 +0.8
WWJD Inspire International ETF 5.6 80 -30 7.1 +0.6
LOUP Innovator Deepwater Frontier Tech ETF 5.6 70 -20 1.0 -5.6
DXIV Dimensional International Vector Equity ETF 5.4 34 16 7.4 +0.9
NETZ TCW Transform Systems ETF 5.4 75 -25 2.5 -4.0
FPXI First Trust International Equity Opportunities ETF 5.4 70 -20 4.4 -2.2
NATO Themes Transatlantic Defense ETF 5.3 35 15 2.3 -4.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.2 14 36 5.9 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 4 46 7.6 +1.1
EXI iShares Global Industrials ETF 5.1 42 8 4.4 -2.2
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 21 6.3 -0.2
VSGX Vanguard ESG International Stock ETF 4.9 10 40 7.5 +0.9
IXUS iShares Core MSCI Total International Stock ETF 4.9 7 43 7.5 +0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.9 39 11 6.4 -0.1
JGLO JPMorgan Global Select Equity ETF 4.9 33 17 5.0 -1.6
VYMI Vanguard International High Dividend Yield ETF 4.8 17 33 9.0 +2.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.8 80 -30 5.9 -0.7
KNO AXS Knowledge Leaders ETF 4.8 78 -28 5.6 -0.9
JIVE JPMorgan International Value ETF 4.8 55 -5 10.7 +4.1
OAIM OneAscent International Equity ETF 4.8 95 -45 5.4 -1.2
VXUS Vanguard Total International Stock ETF 4.8 5 45 7.6 +1.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.8 58 -8 4.4 -2.2
VIGI Vanguard International Dividend Appreciation ETF 4.7 10 40 6.3 -0.3
FTAG First Trust Indxx Global Agriculture ETF 4.6 70 -20 8.4 +1.8
SHLD Global X Defense Tech ETF 4.6 50 0 3.3 -3.3
IDV iShares International Select Dividend ETF 4.6 51 -1 10.3 +3.7
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -25 4.9 -1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.4 29 21 7.4 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.3 30 20 7.4 +0.9
POW VistaShares Electrification Supercycle ETF 4.3 75 -25 3.4 -3.1
CLOD Themes Cloud Computing ETF 4.2 35 15 3.4 -3.2
IPKW Invesco International BuyBack Achievers ETF 4.2 55 -5 8.8 +2.2
DTH WisdomTree International High Dividend Fund 4.2 58 -8 8.0 +1.4
FAN First Trust Global Wind Energy ETF 4.1 60 -10 4.3 -2.3
ETEC iShares Breakthrough Environmental Solutions ETF 4.0 47 3 3.4 -3.1
FBOT Fidelity Disruptive Automation ETF 4.0 50 0 3.3 -3.2
DSTX Distillate International Fundamental Stability & Value ETF 4.0 55 -5 7.6 +1.0
RAYD Rayliant Quantitative Developed Market Equity ETF 3.9 80 -30 4.5 -2.1
IGRO iShares International Dividend Growth ETF 3.8 15 35 6.9 +0.4
DGT State Street SPDR Global Dow ETF 3.8 50 0 6.6 +0.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.7 22 28 5.9 -0.7
AIVI WisdomTree International AI Enhanced Value Fund 3.7 58 -8 6.7 +0.2
FDEV Fidelity International Multifactor ETF 3.7 18 32 7.4 +0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.6 24 26 7.1 +0.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.6 80 -30 4.2 -2.4
BINV Brandes International ETF 3.6 70 -20 9.3 +2.7
JXI iShares Global Utilities ETF 3.6 43 7 5.7 -0.9
MXI iShares Global Materials ETF 3.5 41 9 7.2 +0.7
ICPY Tweedy, Browne International Insider Value ETF 3.5 80 -30 11.4 +4.8
MOTI VanEck Morningstar International Moat ETF 3.5 58 -8 10.5 +4.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.4 80 -30 8.4 +1.8
GSIB Themes Global Systemically Important Banks ETF 3.4 35 15 8.9 +2.4
JIG JPMorgan International Growth ETF 3.4 55 -5 4.7 -1.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.3 56 -6 10.6 +4.0
EUDV ProShares MSCI Europe Dividend Growers ETF 3.3 55 -5 6.1 -0.4
BLES Inspire Global Hope ETF 3.2 61 -11 6.8 +0.2
TEMP JPMorgan Climate Change Solutions ETF 3.1 49 1 5.8 -0.8
BLLD JPMorgan Sustainable Infrastructure ETF 3.1 49 1 5.9 -0.7
RCGE RockCreek Global Equality ETF 3.1 95 -45 6.6 +0.1
FDTX Fidelity Disruptive Technology ETF 3.1 50 0 2.6 -4.0
IXG iShares Global Financials ETF 3.0 42 8 6.5 -0.0
RODE Hartford Multifactor Diversified International ETF 3.0 29 21 10.3 +3.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.0 39 11 -1.3 -7.9
GSFP Goldman Sachs Future Planet Equity ETF 3.0 75 -25 4.4 -2.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 3.0 79 -29 5.0 -1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.9 25 25 6.0 -0.6
IOO iShares Global 100 ETF 2.9 41 9 4.6 -2.0
SCHY Schwab International Dividend Equity ETF 2.8 14 36 9.6 +3.1
ESGG FlexShares STOXX Global ESG Select Index Fund 2.8 42 8 5.2 -1.3
VIDI Vident International Equity Strategy ETF 2.8 61 -11 10.3 +3.8
RXI iShares Global Consumer Discretionary ETF 2.8 41 9 8.3 +1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 2.8 9 41 5.1 -1.5
COPY Tweedy, Browne Insider + Value ETF 2.7 80 -30 11.6 +5.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.7 37 13 7.8 +1.2
XT iShares Exponential Technologies ETF 2.7 46 4 4.5 -2.1
GEW Cambria Global EW ETF 2.6 29 21 5.9 -0.7
IVAL Alpha Architect International Quantitative Value ETF 2.6 49 1 10.0 +3.4
GINN Goldman Sachs Innovate Equity ETF 2.6 52 -2 3.6 -2.9
AIQ Global X Artificial Intelligence & Technology ETF 2.6 68 -18 3.5 -3.0
DIVS SmartETFs Dividend Builder ETF 2.6 65 -15 5.0 -1.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.6 85 -35 3.4 -3.2
BCDF Horizon Kinetics Blockchain Development ETF 2.6 85 -35 4.3 -2.3
TTAI FCF International Quality ETF 2.6 59 -9 7.4 +0.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 -2 8.8 +2.3
QWLD SPDR MSCI World StrategicFactors ETF 2.5 30 20 5.7 -0.8
IBAT iShares Energy Storage & Materials ETF 2.5 47 3 2.6 -4.0
IQDF FlexShares International Quality Dividend Index Fund 2.5 47 3 8.4 +1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.5 47 3 7.7 +1.1
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.5 65 -15 -1.3 -7.8
DRIV Global X Autonomous & Electric Vehicles ETF 2.4 68 -18 4.7 -1.9
GCOW Pacer Global Cash Cows Dividend ETF 2.4 60 -10 10.4 +3.8
TOK iShares MSCI Kokusai ETF 2.4 26 24 4.9 -1.7
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.4 60 -10 4.0 -2.5
DIM WisdomTree International MidCap Dividend Fund 2.4 58 -8 7.2 +0.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.4 50 0 5.8 -0.7
IDLV Invesco S&P International Developed Low Volatility ETF 2.3 25 25 6.5 -0.0
HART IQ Healthy Hearts ETF 2.3 45 5 6.1 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 40 5.6 -1.0
URTH iShares MSCI World ETF 2.3 24 26 4.9 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 2.3 59 -9 3.9 -2.6
ITOL Tema International Durable Quality ETF 2.3 60 -10 5.7 -0.9
IXP iShares Global Comm Services ETF 2.3 42 8 5.6 -0.9
CGDG Capital Group Dividend Growers ETF 2.2 47 3 6.0 -0.6
IDRV iShares Self-driving EV & Tech ETF 2.2 47 3 3.2 -3.3
CARZ First Trust NASDAQ Global Auto Index Fund 2.1 70 -20 4.0 -2.6
FRNW Fidelity Clean Energy ETF 2.1 39 11 2.3 -4.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.1 58 -8 8.4 +1.8
ROBO ROBO Global Robotics & Automation Index ETF 2.1 95 -45 3.0 -3.5
DFIS Dimensional International Small Cap ETF 2.0 39 11 7.0 +0.4
ACWI iShares MSCI ACWI ETF 2.0 32 18 5.3 -1.2
HAP VanEck Natural Resources ETF 2.0 50 0 8.8 +2.3
MOO VanEck Agribusiness ETF 2.0 53 -3 10.6 +4.1
FEOE First Eagle Overseas Equity ETF 1.9 79 -29 6.8 +0.3
RGEF Rockefeller Global Equity ETF 1.9 55 -5 4.6 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.8 20 30 5.3 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 41 5.5 -1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.8 55 -5 6.5 -0.0
VT Vanguard Total World Stock ETF 1.8 6 44 5.7 -0.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 -18 6.4 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.7 42 8 6.5 -0.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.7 75 -25 7.2 +0.7
FEGE First Eagle Global Equity ETF 1.7 79 -29 6.5 -0.1
JDOC JPMorgan Healthcare Leaders ETF 1.6 65 -15 3.8 -2.7
NXTG First Trust Indxx NextG ETF 1.6 70 -20 4.8 -1.7
IXN iShares Global Tech ETF 1.6 41 9 3.5 -3.1
DEW WisdomTree Global High Dividend Fund 1.5 58 -8 8.2 +1.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 40 6.7 +0.1
IFGL iShares International Developed Real Estate ETF 1.5 48 2 7.0 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 1.5 49 1 5.1 -1.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.5 12 38 8.2 +1.6
ERET iShares Environmentally Aware Real Estate ETF 1.4 30 20 7.3 +0.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 30 5.7 -0.9
IXJ iShares Global Healthcare ETF 1.4 42 8 6.7 +0.1
ISCF iShares International SmallCap Equity Factor ETF 1.4 23 27 8.1 +1.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -15 1.9 -4.7
LST Leuthold Select Industries ETF 1.3 91 -41 5.7 -0.9
KNCT Invesco Next Gen Connectivity ETF 1.3 40 10 4.6 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -10 7.7 +1.1
IQRA IQ CBRE Real Assets ETF 1.3 65 -15 5.7 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 38 4.9 -1.7
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 -39 4.8 -1.8
WDNA WisdomTree BioRevolution Fund 1.2 45 5 -1.9 -8.4
ANEW ProShares MSCI Transformational Changes ETF 1.2 45 5 5.3 -1.3
IGF iShares Global Infrastructure ETF 1.2 41 9 4.6 -1.9
GII SPDR S&P Global Infrastructure ETF 1.1 40 10 4.6 -1.9
TCAI Tortoise AI Infrastructure ETF 1.1 65 -15 2.4 -4.2
CGGO Capital Group Global Growth Equity ETF 1.1 47 3 4.4 -2.2
OGIG ALPS O'Shares Global Internet Giants ETF 1.1 48 2 2.2 -4.4
AGQI First Trust Active Global Quality Income ETF 1.1 85 -35 5.2 -1.4
WDIV SPDR S&P Global Dividend ETF 1.1 40 10 8.9 +2.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -11 2.0 -4.5
QTUM Defiance Quantum ETF 1.0 40 10 5.0 -1.6
GLOF iShares Global Equity Factor ETF 1.0 20 30 6.6 +0.1
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -15 23.0 +16.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.9 65 -15 4.6 -2.0
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 6.8 +0.2
FDHT Fidelity Digital Health ETF 0.9 39 11 1.5 -5.1
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.9 68 -18 1.9 -4.6
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -20 4.7 -1.9
TMFG Motley Fool Global Opportunities ETF 0.9 85 -35 4.0 -2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 11 5.7 -0.9
ISHP First Trust Nasdaq Retail ETF 0.8 60 -10 5.6 -0.9
KXI iShares Global Consumer Staples ETF 0.8 41 9 5.7 -0.9
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -15 4.1 -2.5
IQM Franklin Intelligent Machines ETF 0.7 50 0 2.0 -4.6
CZAR Themes Natural Monopoly ETF 0.7 35 15 5.5 -1.0
DWX SPDR S&P International Dividend ETF 0.6 45 5 7.2 +0.6
DISV Dimensional International Small Cap Value ETF 0.6 42 8 8.9 +2.3
SYNB Putnam BioRevolution ETF 0.6 70 -20 2.5 -4.0
IBUY Amplify Online Retail ETF 0.6 65 -15 1.7 -4.9
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -15 5.5 -1.1
AGNG Global X Aging Population ETF 0.5 50 0 4.5 -2.0
WLDR Affinity World Leaders Equity ETF 0.5 67 -17 7.1 +0.6
GINX SGI Enhanced Global Income ETF 0.5 98 -48 7.9 +1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 6.8 +0.2
SUPL ProShares Supply Chain Logistics ETF 0.5 58 -8 10.2 +3.6
APIE ActivePassive International Equity ETF 0.4 45 5 7.1 +0.5
BMED Future Health ETF 0.4 85 -35 0.2 -6.3
HELX Franklin Genomic Advancements ETF 0.4 50 0 -0.4 -6.9
FINE Themes European Luxury ETF 0.4 35 15 6.6 +0.1
IPOS Renaissance International IPO ETF 0.3 80 -30 2.1 -4.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -22 -1.3 -7.9
DTEC ALPS Disruptive Technologies ETF 0.3 50 0 3.6 -2.9
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -10 0.4 -6.2
TOGA Tremblant Global ETF 0.3 69 -19 1.7 -4.9
AIRL Themes Airlines ETF 0.3 35 15 2.3 -4.3
JETS U.S. Global Jets ETF 0.3 60 -10 2.7 -3.9
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 0 7.0 +0.5
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -9 6.9 +0.3
JEDI Defiance Drone and Modern Warfare ETF 0.3 69 -19 1.6 -4.9
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -10 4.9 -1.6
DINT Davis Select International ETF 0.2 55 -5 7.7 +1.1
DWLD Davis Select Worldwide ETF 0.2 63 -13 7.1 +0.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -36 14.3 +7.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -36 0.5 -6.1
FPAG FPA Global Equity ETF 0.2 49 1 5.6 -1.0
OND ProShares On-Demand ETF 0.2 58 -8 -0.6 -7.1
EFAS Global X MSCI SuperDividend EAFE ETF 0.2 57 -7 8.4 +1.8
BUYZ Franklin Disruptive Commerce ETF 0.2 50 0 2.5 -4.0
AVDS Avantis International Small Cap Equity ETF 0.2 30 20 6.6 +0.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -10 4.3 -2.2
RVRB Reverb ETF 0.1 30 20 4.5 -2.1

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:		 iShares MSCI Germany 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 11.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.64
 
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.