FMQQ The Next Frontier Internet & Ecommerce ETF
ALTAR
Score™		 0.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 37.9x P/Sales
ratio		 3.2x
P/BV
ratio		 4.3x Div.
yield		 0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FMQQ is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts
Website fmqqetf.com/
Inception date Sep 27, 2021
Assets (mns) $28
Currency USD
Expense ratio 86 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 45
Wgt avg mkt cap (mns) $226,180
Large cap (>$10bn) 75.3%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 1.4%
Developed mkts 15.3%
Emerging mkts 84.7%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 24.4 %
BAJAJ FINANCE LTD 8.7 %
MERCADOLIBRE INC 6.0 %
ZOMATO LTD. 5.6 %
NU HOLDINGS LTD. CLASS A 5.6 %
SEA LTD. (SINGAPORE) SPONSORED ADR 5.0 %
KASPI.KZ JSC SPONSORED GDR REGS 4.6 %
JIO FINANCIAL SERVICES LTD 3.9 %
BILLIONBRAINS GARAGE VENTURES LTD 3.7 %
GRAB HOLDINGS LTD. (SINGAPORE) CLA 3.1 %
Total 70.5 %

TOP COUNTRY EXPOSURE
INDIA 36.5 %
SINGAPORE 8.1 %
SOUTH KOREA 6.9 %
ARGENTINA 6.0 %
CAYMAN ISLANDS 5.6 %
KAZAKHSTAN 4.6 %
BRAZIL 3.8 %
LUXEMBOURG 2.3 %
GERMANY 1.4 %
INDONESIA 1.0 %

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.
-9.5% -11.5% -- -- -13.1%

Market Correlations
versus... Beta R-squared
S&P500 1.09 50%
MSCI EAFE 0.88 50%
MSCI Emg. Mkts. 0.52 42%

Technical Indicators
Recent close $12.87
30d moving avg. $12.02
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.8%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $1,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 432 potential alternatives to the FMQQ The Next Frontier Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with FMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMQQ Expense: 86 bp ALTAR Score™: 0.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FMQQ
Ticker Fund
Name		 Overlap1
vs FMQQ
(%)		 Expense
ratio
(bp)		 Savings
vs FMQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FMQQ
(%)
INQQ India Internet & Ecommerce ETF 30.3 86 0 0.5 +0.3
EPI WisdomTree India Earnings Fund 21.7 85 1 5.0 +4.8
FLIN Franklin FTSE India ETF 20.0 19 67 4.0 +3.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 19.3 60 26 8.7 +8.5
XC WisdomTree Emerging Markets Ex-China Fund 13.5 32 54 6.3 +6.1
DGIN VanEck Digital India ETF 12.1 71 15 1.3 +1.1
BPAY BlackRock Future Financial and Technology ETF 11.3 70 16 4.8 +4.7
FDNI First Trust Dow Jones International Internet ETF 10.8 65 21 23.9 +23.7
EBIZ Global X E-Commerce ETF 10.4 50 36 4.3 +4.2
TOGA Tremblant Global ETF 9.0 69 17 -0.2 -0.4
EWS iShares MSCI Singapore ETF 7.8 50 36 3.7 +3.5
EWZ iShares MSCI Brazil ETF 7.2 58 28 10.6 +10.5
BRAZ Global X Brazil Active ETF 7.1 75 11 10.2 +10.0
LOUP Innovator Deepwater Frontier Tech ETF 6.9 70 16 0.9 +0.7
ISHP First Trust Nasdaq Retail ETF 6.6 60 26 5.1 +4.9
ARKF ARK Fintech Innovation ETF 6.5 75 11 0.3 +0.1
ONLN ProShares Online Retail ETF 6.5 58 28 1.2 +1.0
AOTG AOT Growth and Innovation ETF 6.3 75 11 1.2 +1.0
OTGL OTG Latin America ETF 6.2 269 -183 7.6 +7.4
DINT Davis Select International ETF 6.2 55 31 5.8 +5.6
INCO Columbia India Consumer ETF 6.1 75 11 2.0 +1.8
CDIG City Different Investments Global Equity ETF 6.0 75 11 -1.6 -1.8
ARGT Global X MSCI Argentina ETF 6.0 59 27 3.3 +3.1
MVPA Miller Value Partners Appreciation ETF 6.0 60 26 9.2 +9.0
BCOR Grayscale Bitcoin Adopters ETF 5.7 59 27 2.2 +2.0
ILF iShares Latin America 40 ETF 5.6 48 38 9.5 +9.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.2 24 62 5.2 +5.0
CGXU Capital Group International Focus Equity ETF 5.2 54 32 3.7 +3.6
PNQI Invesco NASDAQ Internet ETF 5.1 60 26 3.7 +3.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.0 75 11 3.2 +3.0
EMMF WisdomTree Emerging Markets Multifactor Fund 5.0 48 38 8.6 +8.4
IBUY Amplify Online Retail ETF 4.9 65 21 2.1 +1.9
OND ProShares On-Demand ETF 4.7 58 28 0.5 +0.3
OSEA Harbor International Compounders ETF 4.6 55 31 4.2 +4.0
BLOK Amplify Transformational Data Sharing ETF 4.5 75 11 -0.1 -0.3
FDCF Fidelity Disruptive Communications ETF 4.4 50 36 1.8 +1.6
BUYZ Franklin Disruptive Commerce ETF 4.4 50 36 2.4 +2.2
METV Roundhill Ball Metaverse ETF 4.4 59 27 7.9 +7.7
DWLD Davis Select Worldwide ETF 4.0 63 23 6.5 +6.3
GVIP Goldman Sachs Hedge Industry VIP ETF 4.0 45 41 2.4 +2.2
JHEM John Hancock Multifactor Emerging Markets ETF 3.9 49 37 7.5 +7.3
EMC Global X Emerging Markets Great Consumer ETF 3.8 75 11 7.1 +6.9
OGIG ALPS O'Shares Global Internet Giants ETF 3.7 48 38 2.4 +2.2
BJK VanEck Gaming ETF 3.7 65 21 4.6 +4.4
FLAX Franklin FTSE Asia Ex Japan ETF 3.6 19 67 7.1 +6.9
SOCL Global X Social Media ETF 3.6 65 21 12.3 +12.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.6 15 71 8.0 +7.8
CLOD Themes Cloud Computing ETF 3.5 35 51 2.9 +2.8
NDIA Global X India Active ETF 3.5 75 11 4.9 +4.8
MILN Global X Millennial Consumer ETF 3.5 50 36 3.9 +3.7
MEM Matthews Emerging Markets Equity Active ETF 3.5 79 7 8.4 +8.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.4 33 53 6.7 +6.5
BKEM BNY Mellon Emerging Markets Equity ETF 3.4 11 75 24.0 +23.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.4 36 50 7.5 +7.4
GKAT Scharf Global Opportunity ETF 3.4 57 29 5.7 +5.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.3 66 20 7.3 +7.1
PXH Invesco FTSE RAFI Emerging Markets ETF 3.3 49 37 13.1 +12.9
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.3 65 21 5.0 +4.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.1 32 54 4.7 +4.5
LOGO Alpha Brands Consumption Leaders ETF 3.0 69 17 2.6 +2.4
MINV Matthews Asia Innovators Active ETF 2.8 79 7 5.5 +5.4
ARTY iShares Future AI & Tech ETF 2.6 47 39 2.4 +2.2
FDFF Fidelity Disruptive Finance ETF 2.6 50 36 5.0 +4.8
PCGG Polen Capital Global Growth ETF 2.3 85 1 3.8 +3.7
EPOL iShares MSCI Poland ETF 2.3 59 27 8.1 +7.9
FFF Founders 100 ETF 2.3 75 11 2.4 +2.2
CCFE Concourse Capital Focused Equity ETF 2.3 95 -9 2.6 +2.4
FMET Fidelity Metaverse ETF 2.3 39 47 4.2 +4.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.2 58 28 3.0 +2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.2 45 41 8.0 +7.8
TMFG Motley Fool Global Opportunities ETF 2.1 85 1 3.6 +3.4
EWY iShares MSCI South Korea ETF 2.1 58 28 3.4 +3.2
IPO Renaissance IPO ETF 2.1 60 26 1.6 +1.4
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.1 75 11 5.6 +5.4
EPP iShares MSCI Pacific ex-Japan ETF 2.0 47 39 4.7 +4.6
JADE JPMorgan Active Developing Markets Equity ETF 2.0 65 21 5.9 +5.8
USRD Themes US R&D Champions ETF 2.0 29 57 4.0 +3.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 2.0 80 6 4.8 +4.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.0 60 26 4.1 +3.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 2.0 69 17 7.6 +7.4
ANEW ProShares MSCI Transformational Changes ETF 1.9 45 41 4.2 +4.0
BITQ Bitwise Crypto Industry Innovators ETF 1.9 85 1 -2.3 -2.4
FLKR Franklin FTSE South Korea ETF 1.9 9 77 4.3 +4.2
INDY iShares India 50 ETF 1.8 89 -3 5.1 +4.9
BKF iShares MSCI BIC ETF 1.8 69 17 14.4 +14.2
ABLG Abacus FCF International Leaders ETF 1.8 59 27 6.5 +6.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.7 20 66 4.0 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 27 8.5 +8.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 28 9.1 +9.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.7 44 42 9.3 +9.1
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 70 6.6 +6.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.6 75 11 1.8 +1.6
LGCF Themes US Cash Flow Champions ETF 1.6 30 56 6.9 +6.8
ESGE iShares ESG Aware MSCI EM ETF 1.6 25 61 8.2 +8.0
MID American Century Mid Cap Growth Impact ETF 1.6 45 41 3.0 +2.8
GINN Goldman Sachs Innovate Equity ETF 1.6 52 34 3.6 +3.4
GPT Intelligent Alpha Atlas ETF 1.5 69 17 6.1 +5.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.5 32 54 7.5 +7.3
EMM Global X Emerging Markets ex-China ETF 1.5 75 11 4.7 +4.6
TRFM AAM Transformers ETF 1.5 49 37 0.9 +0.7
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 61 3.5 +3.4
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.4 39 47 -1.2 -1.4
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 60 2.8 +2.6
XRT State Street SPDR S&P Retail ETF 1.4 35 51 7.0 +6.9
TMFX Motley Fool Next Index ETF 1.4 50 36 2.8 +2.6
MVAL VanEck Morningstar Wide Moat Value ETF 1.4 49 37 6.0 +5.8
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 40 5.2 +5.0
XCEM Columbia EM Core ex-China ETF 1.3 16 70 5.0 +4.8
VCR Vanguard Consumer Discretionary ETF 1.3 9 77 4.4 +4.2
INDA iShares MSCI India ETF 1.3 65 21 4.4 +4.2
DSTX Distillate International Fundamental Stability & Value ETF 1.3 55 31 6.3 +6.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 68 6.2 +6.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 61 5.1 +4.9
GURU Global X Guru Index ETF 1.3 75 11 2.3 +2.1
AWAY ETFMG Travel Tech ETF 1.2 76 10 0.9 +0.7
CBSE Clough Select Equity ETF 1.2 85 1 0.4 +0.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 68 5.0 +4.8
FINX Global X FinTech ETF 1.2 68 18 2.8 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 71 8.8 +8.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.2 40 46 6.2 +6.0
FGM First Trust Germany AlphaDEX Fund 1.1 80 6 4.9 +4.8
MFVL Motley Fool Value Factor ETF 1.1 50 36 5.4 +5.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 56 7.9 +7.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 78 4.4 +4.2
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 37 2.9 +2.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.1 15 71 5.6 +5.4
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 11 4.5 +4.4
AFK VanEck Africa Index ETF 1.0 98 -12 11.2 +11.0
LDEM iShares ESG MSCI EM Leaders ETF 1.0 17 69 12.5 +12.4
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 41 -1.4 -1.6
EEM iShares MSCI Emerging Markets ETF 1.0 69 17 7.8 +7.6
ARKW ARK Next Generation Internet ETF 1.0 87 -1 0.6 +0.4
EIDO iShares MSCI Indonesia ETF 1.0 59 27 10.6 +10.4
FXO First Trust Financials AlphaDEX Fund 0.9 62 24 7.5 +7.3
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 77 8.2 +8.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.9 70 16 6.9 +6.7
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.9 40 46 2.8 +2.7
WRND IQ Global Equity R&D Leaders ETF 0.9 18 68 3.9 +3.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 45 5.8 +5.6
IYF iShares U.S. Financials ETF 0.9 40 46 5.3 +5.1
GVAL Cambria Global Value ETF 0.8 68 18 8.3 +8.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 51 3.3 +3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 45 6.9 +6.7
DBSC Deepwater Beachfront Small Cap ETF 0.8 85 1 1.2 +1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 21 1.3 +1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 36 50 5.9 +5.8
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 10 3.0 +2.8
NULC Nuveen ESG Large-Cap ETF 0.7 21 65 3.8 +3.6
YNOT Horizon Digital Frontier ETF 0.7 75 11 2.5 +2.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.7 47 39 7.1 +6.9
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 79 9.4 +9.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 71 3.7 +3.6
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 57 3.7 +3.5
SURE AdvisorShares Insiders Advantage ETF 0.6 90 -4 7.3 +7.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.6 59 27 12.2 +12.0
DTEC ALPS Disruptive Technologies ETF 0.6 50 36 3.4 +3.2
QGRW WisdomTree U.S. Quality Growth Fund 0.6 28 58 2.8 +2.6
FEOE First Eagle Overseas Equity ETF 0.6 79 7 5.9 +5.7
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 76 4.8 +4.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 37 7.5 +7.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.6 33 53 6.6 +6.4
STXE Strive Emerging Markets Ex-China ETF 0.6 32 54 5.2 +5.1
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 51 7.0 +6.8
JETS U.S. Global Jets ETF 0.6 60 26 2.1 +1.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 11 6.3 +6.1
ROAM Hartford Multifactor Emerging Markets ETF 0.6 44 42 7.5 +7.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 37 5.9 +5.8
AIVL WisdomTree U.S. AI Enhanced Value Fund 0.6 38 48 4.9 +4.7
FENI Fidelity Enhanced International ETF 0.6 28 58 5.6 +5.4
IWP iShares Russell Mid-Cap Growth ETF 0.6 23 63 2.9 +2.7
IXP iShares Global Comm Services ETF 0.6 42 44 5.8 +5.6
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -3 4.2 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 53 6.1 +5.9
AFSM First Trust Active Factor Small Cap ETF 0.5 75 11 5.3 +5.1
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 61 8.9 +8.7
ECON Columbia Emerging Markets Consumer ETF 0.5 49 37 6.6 +6.4
FLGR Franklin FTSE Germany ETF 0.5 9 77 6.4 +6.3
EFG iShares MSCI EAFE Growth ETF 0.5 36 50 3.7 +3.5
IPAC iShares Core MSCI Pacific ETF 0.5 9 77 5.3 +5.1
DFEV Dimensional Emerging Markets Value ETF 0.5 43 43 9.4 +9.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 61 6.0 +5.8
FFOG Franklin Focused Growth ETF 0.5 61 25 1.6 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 52 6.2 +6.0
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -20 9.6 +9.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 66 5.6 +5.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 47 6.6 +6.4
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 56 6.3 +6.1
CGIE Capital Group International Equity ETF 0.5 54 32 4.4 +4.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 71 7.4 +7.3
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 66 4.2 +4.0
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 79 6.4 +6.3
NERD Roundhill Video Games ETF 0.4 50 36 7.7 +7.5
ESPO VanEck Video Gaming and eSports ETF 0.4 56 30 6.4 +6.2
HERO Global X Video Games & Esports ETF 0.4 50 36 5.7 +5.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 26 4.5 +4.3
CGV Conductor Global Equity Value ETF 0.4 130 -44 7.7 +7.5
AVMV Avantis U.S. Mid Cap Value ETF 0.4 20 66 7.0 +6.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 71 4.7 +4.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 37 7.5 +7.3
AIA iShares Asia 50 ETF 0.4 50 36 7.6 +7.4
CZA Invesco Zacks Mid-Cap ETF 0.4 72 14 5.5 +5.3
PSC Principal U.S. Small-Cap ETF 0.4 38 48 3.4 +3.2
WWJD Inspire International ETF 0.4 80 6 6.1 +5.9
FRDM Freedom 100 Emerging Markets ETF 0.4 49 37 5.4 +5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 56 7.5 +7.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 55 5.2 +5.1
EWG iShares MSCI Germany ETF 0.4 50 36 5.8 +5.6
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 66 3.1 +3.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 71 3.2 +3.1
QQQ Invesco QQQ Trust Series I 0.4 20 66 3.2 +3.0
APIE ActivePassive International Equity ETF 0.4 45 41 6.2 +6.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 37 8.5 +8.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 44 7.8 +7.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.4 35 51 5.6 +5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 48 7.0 +6.8
AVEM Avantis Emerging Markets Equity ETF 0.4 33 53 7.0 +6.8
IPKW Invesco International BuyBack Achievers ETF 0.4 55 31 7.7 +7.5
IXG iShares Global Financials ETF 0.4 42 44 5.7 +5.5
AIVI WisdomTree International AI Enhanced Value Fund 0.4 58 28 5.9 +5.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 50 4.0 +3.8
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 71 5.2 +5.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 11 4.6 +4.4
FEGE First Eagle Global Equity ETF 0.3 79 7 5.8 +5.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 56 3.7 +3.5
GGRW Gabelli Growth Innovators ETF 0.3 90 -4 2.0 +1.8
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 79 5.6 +5.5
IYC iShares U.S. Consumer Discretionary ETF 0.3 40 46 3.6 +3.4
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 51 3.2 +3.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 66 4.6 +4.4
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.3 50 36 3.4 +3.2
FPAG FPA Global Equity ETF 0.3 49 37 5.4 +5.3
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 76 3.7 +3.5
USEW Cambria US EW ETF 0.3 30 56 4.0 +3.8
CGGO Capital Group Global Growth Equity ETF 0.3 47 39 3.9 +3.8
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 68 3.0 +2.8
TPIF Timothy Plan International ETF 0.3 62 24 5.4 +5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 65 2.9 +2.7
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 77 4.0 +3.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 45 4.8 +4.7
SUSA iShares MSCI USA ESG Select ETF 0.3 25 61 3.9 +3.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 66 0.8 +0.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 51 5.4 +5.3
AVES Avantis Emerging Markets Value ETF 0.3 36 50 9.0 +8.8
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 63 7.1 +7.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 21 7.8 +7.7
RECS Columbia Research Enhanced Core ETF 0.3 15 71 5.2 +5.0
FTHF First Trust Emerging Markets Human Flourishing ETF 0.3 75 11 5.8 +5.6
VPL Vanguard FTSE Pacific ETF 0.3 7 79 5.1 +5.0
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 80 3.2 +3.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 74 5.1 +5.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.3 20 66 5.4 +5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 74 4.3 +4.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 83 5.7 +5.5
GLOF iShares Global Equity Factor ETF 0.3 20 66 5.4 +5.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 74 3.5 +3.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 33 5.1 +4.9
VXF Vanguard Extended Market ETF 0.3 5 81 3.6 +3.4
VSGX Vanguard ESG International Stock ETF 0.3 10 76 6.4 +6.3
ACWI iShares MSCI ACWI ETF 0.3 32 54 4.5 +4.4
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 34 4.7 +4.6
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 76 4.1 +3.9
IWN iShares Russell 2000 Value ETF 0.2 24 62 4.4 +4.3
EFA iShares MSCI EAFE ETF 0.2 35 51 5.5 +5.4
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 51 5.5 +5.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 16 6.6 +6.4
VTWV Vanguard Russell 2000 Value ETF 0.2 10 76 4.6 +4.4
LRGF iShares U.S. Equity Factor ETF 0.2 8 78 4.5 +4.3
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 79 9.0 +8.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 76 4.1 +3.9
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 73 5.2 +5.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 77 4.1 +3.9
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 48 3.7 +3.6
VT Vanguard Total World Stock ETF 0.2 6 80 4.9 +4.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 50 5.1 +4.9
UIVM VictoryShares International Value Momentum ETF 0.2 35 51 7.7 +7.5
RVRB Reverb ETF 0.2 30 56 3.6 +3.4
VONG Vanguard Russell 1000 Growth ETF 0.2 7 79 3.7 +3.5
IWF iShares Russell 1000 Growth ETF 0.2 19 67 14.7 +14.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 79 5.9 +5.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 77 5.3 +5.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 82 6.5 +6.4
SIZE iShares MSCI USA Size Factor ETF 0.2 15 71 5.3 +5.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 66 5.6 +5.5
GEW Cambria Global EW ETF 0.2 29 57 5.2 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 77 4.7 +4.6
VXUS Vanguard Total International Stock ETF 0.2 5 81 6.5 +6.3
BKIE BNY Mellon International Equity ETF 0.2 4 82 17.4 +17.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 76 4.1 +3.9
BLES Inspire Global Hope ETF 0.2 61 25 5.5 +5.3
PTL Inspire 500 ETF 0.2 9 77 4.3 +4.1
IWR iShares Russell Midcap ETF 0.2 19 67 5.1 +4.9
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 11 7.7 +7.6
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 39 5.2 +5.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 82 5.8 +5.7
ILCG iShares Morningstar Growth ETF 0.2 4 82 3.1 +2.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 61 6.1 +5.9
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 71 4.7 +4.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 68 5.8 +5.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 61 5.9 +5.7
SCHF Schwab International Equity ETF 0.2 6 80 5.8 +5.6
IWY iShares Russell Top 200 Growth ETF 0.2 20 66 3.7 +3.5
IWM iShares Russell 2000 ETF 0.2 19 67 2.5 +2.3
VEA Vanguard FTSE Developed Markets ETF 0.2 3 83 5.8 +5.6
SMIN iShares MSCI India Small Cap ETF 0.2 79 7 3.2 +3.0
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 28 5.1 +4.9
RSSL Global X Russell 2000 ETF 0.2 8 78 2.5 +2.4
AVUS Avantis U.S. Equity ETF 0.2 15 71 4.6 +4.4
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 21 3.3 +3.1
SMMD iShares Russell 2500 ETF 0.2 15 71 5.2 +5.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 83 4.0 +3.8
TOK iShares MSCI Kokusai ETF 0.2 26 60 4.2 +4.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 61 5.4 +5.2
VOTE TCW Transform 500 ETF 0.2 5 81 4.0 +3.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 84 4.1 +3.9
CIL VictoryShares International Volatility Wtd ETF 0.2 45 41 5.9 +5.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 79 4.0 +3.8
JIRE JPMorgan International Research Enhanced Equity ETF 0.2 24 62 5.6 +5.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 78 4.3 +4.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.2 20 66 5.8 +5.6
RXI iShares Global Consumer Discretionary ETF 0.2 41 45 8.0 +7.9
VTWO Vanguard Russell 2000 ETF 0.2 7 79 2.6 +2.4
URTH iShares MSCI World ETF 0.2 24 62 4.2 +4.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 66 5.9 +5.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 86 12.2 +12.0
GXLC Global X U.S. 500 ETF 0.2 2 84 4.0 +3.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 79 4.3 +4.1
IUS Invesco RAFI Strategic US ETF 0.2 19 67 5.3 +5.1
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 51 5.1 +4.9
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 26 4.4 +4.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 46 5.1 +4.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 77 4.3 +4.1
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 71 4.0 +3.9
ILCV iShares Morningstar Value ETF 0.1 4 82 5.1 +4.9
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 71 4.9 +4.7
VFVA Vanguard U.S. Value Factor ETF 0.1 13 73 8.6 +8.4
JHMD John Hancock Multifactor Developed International ETF 0.1 39 47 6.0 +5.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 75 4.0 +3.9
KLMN Invesco MSCI North America Climate ETF 0.1 9 77 4.2 +4.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 44 5.2 +5.1
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 82 5.0 +4.8
VGK Vanguard FTSE Europe ETF 0.1 6 80 6.3 +6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 66 3.7 +3.5
SPEU SPDR Portfolio Europe ETF 0.1 7 79 6.3 +6.1
STXI Strive International Developed Markets ETF 0.1 29 57 6.3 +6.1
FLEE Franklin FTSE Europe ETF 0.1 9 77 6.1 +5.9
PBUS Invesco MSCI USA ETF 0.1 4 82 4.1 +3.9
IWV iShares Russell 3000 ETF 0.1 20 66 3.9 +3.7
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 44 3.4 +3.3
VTHR Vanguard Russell 3000 ETF 0.1 7 79 4.0 +3.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 41 6.6 +6.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 66 5.5 +5.3
IWB iShares Russell 1000 ETF 0.1 15 71 4.0 +3.9
VONE Vanguard Russell 1000 ETF 0.1 7 79 4.1 +3.9
IWO iShares Russell 2000 Growth ETF 0.1 24 62 0.5 +0.3
AVUQ Avantis U.S. Quality ETF 0.1 15 71 3.6 +3.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 61 4.7 +4.5
EZU iShares MSCI Eurozone ETF 0.1 52 34 5.4 +5.2
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.1 53 33 5.2 +5.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 56 5.0 +4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 56 6.3 +6.1
AVSD Avantis Responsible International Equity ETF 0.1 23 63 5.7 +5.5
IWL iShares Russell Top 200 ETF 0.1 15 71 3.8 +3.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 82 3.3 +3.1
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 76 0.6 +0.4
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 64 4.0 +3.8
REVS Columbia Research Enhanced Value ETF 0.1 19 67 6.3 +6.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 67 4.9 +4.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 57 3.9 +3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 41 5.3 +5.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 74 4.8 +4.6
IEV iShares Europe ETF 0.1 67 19 5.7 +5.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 52 5.1 +4.9
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 46 3.8 +3.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 72 5.1 +5.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 49 6.9 +6.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 51 4.1 +4.0
IWS iShares Russell Mid-Cap Value ETF 0.1 23 63 5.7 +5.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 57 4.9 +4.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 78 4.6 +4.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 61 5.8 +5.6
IQSI IQ Candriam International Equity ETF 0.1 15 71 5.4 +5.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 21 6.7 +6.5
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 38 5.4 +5.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 77 6.4 +6.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 40 5.2 +5.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 77 6.0 +5.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 62 6.8 +6.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 69 6.2 +6.0
IEUR iShares Core MSCI Europe ETF 0.0 11 75 6.2 +6.0
GWX SPDR S&P International Small Cap ETF 0.0 40 46 5.9 +5.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 61 7.2 +7.0
XT iShares Exponential Technologies ETF 0.0 46 40 3.9 +3.7
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 73 1.7 +1.5
AVDE Avantis International Equity ETF 0.0 23 63 6.0 +5.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.0 4 82 14.7 +14.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 72 4.0 +3.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 68 4.5 +4.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 56 5.9 +5.7
VYM Vanguard High Dividend Yield Index ETF 0.0 6 80 5.9 +5.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 83 4.2 +4.0
DFUS Dimensional U.S. Equity ETF 0.0 9 77 4.0 +3.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 66 5.5 +5.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 47 3.3 +3.2
SCHK Schwab 1000 Index ETF 0.0 5 81 4.1 +4.0
IYY iShares Dow Jones U.S. ETF 0.0 20 66 4.0 +3.8
JHML John Hancock Multifactor Large Cap ETF 0.0 29 57 4.3 +4.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 47 6.8 +6.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 83 4.0 +3.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 83 4.1 +3.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 69 4.5 +4.3
DFIS Dimensional International Small Cap ETF 0.0 39 47 6.0 +5.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 72 4.4 +4.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 28 8.5 +8.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 74 5.1 +4.9
STXG Strive 1000 Growth ETF 0.0 18 68 3.2 +3.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 61 5.9 +5.7
IWD iShares Russell 1000 Value ETF 0.0 19 67 5.0 +4.8
VONV Vanguard Russell 1000 Value ETF 0.0 7 79 5.1 +4.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 74 4.2 +4.0
SFGV Sequoia Global Value ETF 0.0 23 63 6.9 +6.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 61 5.9 +5.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 78 6.3 +6.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 44 3.9 +3.7
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 37 4.8 +4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.0 42 44 4.0 +3.8
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 63 5.1 +4.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 52 5.4 +5.2
IGRO iShares International Dividend Growth ETF 0.0 15 71 6.5 +6.3
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 71 5.6 +5.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 56 3.6 +3.5
EBI Longview Advantage ETF 0.0 35 51 5.7 +5.5
FBCG Fidelity Blue Chip Growth ETF 0.0 59 27 2.2 +2.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 FMQQ The Next Frontier Internet & Ecommerce ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.1 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 0.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 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.