Matthews Asia Innovators Active ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 21.3x P/Sales
ratio		 5.1x
P/BV
ratio		 4.1x Div.
yield		 0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MINV is actively managed to hold stocks of innovative companies in Asia. Holdings are fundamentally screened for sustainable growth.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Matthews International Capital Management
Website www.matthewsasia.com/funds/etfs/asia-innovators-active-etf/
Inception date Jul 13, 2022
Assets (mns) $163
Currency USD
Expense ratio 79 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 67
Wgt avg mkt cap (mns) $321,978
Large cap (>$10bn) 89.7%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 0.0%
Developed mkts 15.1%
Emerging mkts 85.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 5.7 %
DELTA ELECTRONICS INC 4.2 %
SAMSUNG ELECTRO-MECHANICS CO 4.1 %
TAIWAN SEMICONDUCTOR MANUFAC 4.0 %
HYNIX SEMICONDUCTOR INC 3.2 %
UNIMICRON TECHNOLOGY CORP 3.1 %
RELIANCE INDS-SPONS GDR 144A 3.1 %
CHROMA ATE INC 3.1 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 2.8 %
TENCENT HOLDINGS LTD 2.7 %
Total 35.9 %

TOP COUNTRY EXPOSURE
TAIWAN 27.3 %
CHINA 22.4 %
SOUTH KOREA 19.1 %
INDIA 3.7 %
JAPAN 2.9 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
61.1% 99.5% -- -- 24.5%

Market Correlations
versus... Beta R-squared
S&P500 1.49 48%
MSCI EAFE 1.18 50%
MSCI Emg. Mkts. 1.16 83%

Technical Indicators
Recent close $50.88
30d moving avg. $51.66
Annualized volatility 20.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.6%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $8,419

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 421 potential alternatives to the Matthews Asia Innovators Active ETF ETF based on the alternatives' overlap in portfolio holdings with MINV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MINV Expense: 79 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MINV
Ticker Fund
Name		 Overlap1
vs MINV
(%)		 Expense
ratio
(bp)		 Savings
vs MINV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MINV
(%)
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 27.8 33 46 6.7 +1.6
FLAX Franklin FTSE Asia Ex Japan ETF 26.8 19 60 7.1 +2.0
JADE JPMorgan Active Developing Markets Equity ETF 26.6 65 14 6.1 +1.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 25.9 15 64 8.0 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.2 66 13 7.2 +2.1
JHEM John Hancock Multifactor Emerging Markets ETF 25.2 49 30 7.5 +2.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 25.1 36 43 7.6 +2.5
BKEM BNY Mellon Emerging Markets Equity ETF 25.1 11 68 7.9 +2.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 24.8 20 59 7.4 +2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.4 32 47 7.4 +2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 24.1 45 34 8.1 +3.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 23.6 70 9 6.9 +1.8
EMMF WisdomTree Emerging Markets Multifactor Fund 23.3 48 31 8.4 +3.3
EEMA iShares MSCI Emerging Markets Asia ETF 23.0 49 30 7.5 +2.4
ECON Columbia Emerging Markets Consumer ETF 22.9 49 30 6.6 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 22.8 30 49 8.0 +2.9
AIA iShares Asia 50 ETF 22.7 50 29 7.7 +2.6
EEM iShares MSCI Emerging Markets ETF 22.4 69 10 7.8 +2.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 22.4 69 10 7.4 +2.3
EMGF iShares Emerging Markets Equity Factor ETF 22.4 25 54 8.8 +3.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 22.4 24 55 5.2 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 21.6 15 64 8.8 +3.7
ESGE iShares ESG Aware MSCI EM ETF 21.4 25 54 8.3 +3.1
IEMG iShares Core MSCI Emerging Markets ETF 21.1 9 70 8.2 +3.1
EMM Global X Emerging Markets ex-China ETF 21.1 75 4 4.7 -0.4
DFAE Dimensional Emerging Core Equity Market ETF 20.9 35 44 7.0 +1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 20.8 88 -9 8.4 +3.3
XCEM Columbia EM Core ex-China ETF 20.6 16 63 4.9 -0.2
PATN Pacer Nasdaq International Patent Leaders ETF 20.3 65 14 4.0 -1.1
EMC Global X Emerging Markets Great Consumer ETF 20.1 75 4 7.1 +1.9
DEHP Dimensional Emerging Markets High Profitability ETF 20.1 41 38 4.8 -0.3
FTHF First Trust Emerging Markets Human Flourishing ETF 19.6 75 4 5.8 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 18.9 25 54 5.1 -0.1
STXE Strive Emerging Markets Ex-China ETF 18.8 32 47 5.2 +0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.7 32 47 4.8 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 18.7 38 41 7.0 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.6 30 49 7.6 +2.5
FDEM Fidelity Emerging Markets Multifactor ETF 18.3 25 54 10.4 +5.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.3 59 20 8.6 +3.4
EWT iShares MSCI Taiwan ETF 18.2 58 21 3.0 -2.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.9 40 39 6.3 +1.2
JIG JPMorgan International Growth ETF 17.8 55 24 3.6 -1.5
FLTW Franklin FTSE Taiwan ETF 17.4 19 60 3.4 -1.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 17.1 75 4 6.4 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 16.6 49 30 8.6 +3.5
EMXF iShares ESG Advanced MSCI EM ETF 16.4 16 63 6.7 +1.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 16.4 41 38 6.9 +1.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 16.2 53 26 5.1 -0.1
CGXU Capital Group International Focus Equity ETF 16.2 54 25 3.8 -1.3
FRDM Freedom 100 Emerging Markets ETF 15.5 49 30 5.3 +0.2
LDEM iShares ESG MSCI EM Leaders ETF 14.9 17 62 12.9 +7.7
FLKR Franklin FTSE South Korea ETF 14.8 9 70 4.3 -0.9
JCHI JPMorgan Active China ETF 14.8 65 14 15.5 +10.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 14.6 25 54 6.2 +1.0
AVEM Avantis Emerging Markets Equity ETF 14.5 33 46 7.0 +1.9
VWO Vanguard FTSE Emerging Markets ETF 14.1 7 72 9.2 +4.1
EWY iShares MSCI South Korea ETF 14.0 58 21 3.2 -1.9
SCHE Schwab Emerging Markets Equity ETF 13.9 11 68 9.5 +4.4
SPEM SPDR Portfolio Emerging Markets ETF 13.8 7 72 9.5 +4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 13.7 75 4 1.7 -3.4
AGIX KraneShares Artificial Intelligence and Technology ETF 13.6 99 -20 1.0 -4.1
MCH Matthews China Active ETF 12.9 79 0 14.6 +9.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 12.7 60 19 9.2 +4.0
NUEM Nuveen ESG Emerging Markets Equity ETF 12.6 36 43 6.1 +1.0
ROAM Hartford Multifactor Emerging Markets ETF 12.3 44 35 7.5 +2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.3 95 -16 10.0 +4.9
AVSE Avantis Responsible Emerging Markets Equity ETF 12.2 33 46 6.6 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.2 41 38 6.0 +0.9
ACWX iShares MSCI ACWI ex U.S. ETF 11.9 34 45 6.4 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.9 18 61 6.4 +1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 11.8 32 47 13.7 +8.6
JIVE JPMorgan International Value ETF 11.8 55 24 8.4 +3.3
UMMA Wahed Dow Jones Islamic World ETF 11.7 65 14 3.5 -1.6
TCHI iShares MSCI China Multisector Tech ETF 11.7 59 20 13.4 +8.2
VSGX Vanguard ESG International Stock ETF 11.7 10 69 6.6 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 11.5 4 75 6.7 +1.6
BAI iShares AI Innovation and Tech Active ETF 11.4 55 24 0.9 -4.2
IXN iShares Global Tech ETF 11.3 41 38 2.6 -2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 11.3 49 30 13.4 +8.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 11.3 50 29 8.1 +2.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.2 39 40 13.7 +8.6
VPL Vanguard FTSE Pacific ETF 11.2 7 72 5.3 +0.1
AIQ Global X Artificial Intelligence & Technology ETF 11.1 68 11 2.7 -2.5
CLNR IQ Cleaner Transport ETF 11.1 45 34 3.9 -1.2
CHAT Roundhill Generative AI & Technology ETF 11.0 75 4 3.9 -1.2
VXUS Vanguard Total International Stock ETF 11.0 5 74 6.7 +1.5
IXUS iShares Core MSCI Total International Stock ETF 10.9 7 72 6.6 +1.5
KNCT Invesco Next Gen Connectivity ETF 10.8 40 39 2.9 -2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 10.4 15 64 5.7 +0.6
VEXC Vanguard Emerging Markets Ex-China ETF 10.4 7 72 5.7 +0.6
FRGN Horizon International Equity ETF 10.3 75 4 7.8 +2.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 9.2 45 34 1.8 -3.3
MOTI VanEck Morningstar International Moat ETF 9.1 58 21 10.2 +5.1
AIS VistaShares Artificial Intelligence Supercycle ETF 9.1 75 4 0.9 -4.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.0 42 37 4.1 -1.1
IMFL Invesco International Developed Dynamic Multifactor ETF 8.7 34 45 5.2 +0.1
DFEV Dimensional Emerging Markets Value ETF 8.7 43 36 9.4 +4.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.6 47 32 7.2 +2.1
DOL WisdomTree International LargeCap Dividend Fund 8.6 48 31 5.7 +0.6
FEM First Trust Emerging Markets AlphaDEX Fund 8.5 80 -1 9.0 +3.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 8.4 65 14 6.1 +1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 8.4 29 50 6.6 +1.5
FEOE First Eagle Overseas Equity ETF 8.2 79 0 6.2 +1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.2 86 -7 13.4 +8.2
FLCH Franklin FTSE China ETF 8.0 19 60 18.0 +12.9
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 7.9 55 24 6.3 +1.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 7.9 33 46 6.1 +1.0
IQDF FlexShares International Quality Dividend Index Fund 7.8 47 32 7.6 +2.5
AIVC Amplify Bloomberg AI Value Chain ETF 7.8 59 20 3.3 -1.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 7.8 35 44 10.0 +4.9
NXTG First Trust Indxx NextG ETF 7.7 70 9 3.4 -1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.7 80 -1 6.9 +1.8
CGGO Capital Group Global Growth Equity ETF 7.6 47 32 4.1 -1.1
FMET Fidelity Metaverse ETF 7.5 39 40 4.3 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 7.5 25 54 7.4 +2.3
MOTG VanEck Morningstar Global Wide Moat ETF 7.3 52 27 8.0 +2.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.0 30 49 6.4 +1.3
CARZ First Trust NASDAQ Global Auto Index Fund 7.0 70 9 2.2 -2.9
CGRO CoreValues Alpha Greater China Growth ETF 6.9 75 4 5.2 +0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.7 90 -11 3.7 -1.4
RGEF Rockefeller Global Equity ETF 6.7 55 24 3.8 -1.3
CWI SPDR MSCI ACWI ex-US ETF 6.6 30 49 6.5 +1.4
OAIM OneAscent International Equity ETF 6.6 95 -16 4.7 -0.5
WRND IQ Global Equity R&D Leaders ETF 6.6 18 61 4.0 -1.1
FEGE First Eagle Global Equity ETF 6.3 79 0 6.1 +1.0
HFXI IQ FTSE International Equity Currency Neutral ETF 6.3 20 59 5.6 +0.5
LIT Global X Lithium & Battery Tech ETF 6.3 75 4 5.0 -0.1
METV Roundhill Ball Metaverse ETF 6.3 59 20 8.1 +3.0
GXC SPDR S & P China ETF 6.2 59 20 18.6 +13.5
BKF iShares MSCI BIC ETF 6.2 69 10 14.9 +9.7
ARTY iShares Future AI & Tech ETF 6.1 47 32 2.4 -2.7
CHPX Global X AI Semiconductor & Quantum ETF 6.0 50 29 1.6 -3.6
MCHI iShares MSCI China ETF 5.8 59 20 20.2 +15.1
SCHF Schwab International Equity ETF 5.7 6 73 6.0 +0.8
DINT Davis Select International ETF 5.7 55 24 6.1 +1.0
AQLT iShares MSCI Global Quality Factor ETF 5.6 18 61 0.0 -5.1
DTCR Global X Data Center & Digital Infrastructure ETF 5.3 50 29 3.2 -2.0
VEA Vanguard FTSE Developed Markets ETF 5.2 3 76 6.0 +0.9
POW VistaShares Electrification Supercycle ETF 5.1 75 4 2.0 -3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.1 44 35 9.5 +4.4
DWLD Davis Select Worldwide ETF 5.1 63 16 6.7 +1.6
KTEC KraneShares Hang Seng TECH Index ETF 5.1 69 10 21.0 +15.9
KWEB KraneShares CSI China Internet ETF 5.1 69 10 25.0 +19.9
FDNI First Trust Dow Jones International Internet ETF 5.1 65 14 24.7 +19.6
FXI iShares China Large-Cap ETF 5.1 74 5 21.0 +15.9
OCEN IQ Clean Oceans ETF 5.0 45 34 4.6 -0.6
ACWI iShares MSCI ACWI ETF 4.6 32 47 4.6 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.4 20 59 4.7 -0.4
CGIE Capital Group International Equity ETF 4.3 54 25 4.6 -0.5
IGRO iShares International Dividend Growth ETF 4.3 15 64 6.8 +1.7
XT iShares Exponential Technologies ETF 4.2 46 33 3.8 -1.3
ABLG Abacus FCF International Leaders ETF 4.2 59 20 6.4 +1.3
VT Vanguard Total World Stock ETF 4.2 6 73 5.0 -0.1
IBAT iShares Energy Storage & Materials ETF 4.1 47 32 1.5 -3.6
PCGG Polen Capital Global Growth ETF 4.1 85 -6 3.9 -1.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 19 6.6 +1.5
EV Mast Global Battery Recycling & Production ETF 4.1 65 14 6.3 +1.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.1 72 7 2.2 -2.9
IDHQ Invesco S&P International Developed High Quality ETF 4.1 29 50 5.4 +0.3
JGLO JPMorgan Global Select Equity ETF 4.0 33 46 4.3 -0.8
TINY ProShares Nanotechnology ETF 4.0 58 21 1.3 -3.9
FBOT Fidelity Disruptive Automation ETF 4.0 50 29 2.9 -2.3
AGQI First Trust Active Global Quality Income ETF 4.0 85 -6 6.5 +1.3
IGPT Invesco AI and Next Gen Software ETF 4.0 60 19 2.4 -2.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.0 80 -1 3.6 -1.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.0 65 14 7.3 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.9 45 34 6.8 +1.6
EPI WisdomTree India Earnings Fund 3.7 85 -6 5.2 +0.1
FLIN Franklin FTSE India ETF 3.7 19 60 4.2 -0.9
XC WisdomTree Emerging Markets Ex-China Fund 3.7 32 47 6.6 +1.5
KGRN KraneShares MSCI China Clean Technology Index ETF 3.7 79 0 3.4 -1.8
KLMT Invesco MSCI Global Climate 500 ETF 3.7 10 69 5.0 -0.2
ANEW ProShares MSCI Transformational Changes ETF 3.6 45 34 4.4 -0.7
ARVR First Trust Indxx Metaverse ETF 3.6 70 9 3.6 -1.5
CHIQ Global X MSCI China Consumer Discretionary ETF 3.5 65 14 13.7 +8.6
GLOF iShares Global Equity Factor ETF 3.5 20 59 5.6 +0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.5 78 1 9.7 +4.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.4 12 67 4.4 -0.7
IOO iShares Global 100 ETF 3.4 41 38 3.8 -1.3
CQQQ Invesco China Technology ETF 3.3 70 9 15.2 +10.1
RXI iShares Global Consumer Discretionary ETF 3.3 41 38 8.2 +3.1
GKAT Scharf Global Opportunity ETF 3.3 57 22 5.8 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 3.2 75 4 8.2 +3.1
PIEL Pacer International Export Leaders ETF 3.2 60 19 4.1 -1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.2 65 14 1.4 -3.8
ACWV iShares MSCI Global Min Vol Factor ETF 3.1 20 59 5.7 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.1 9 70 4.9 -0.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.1 86 -7 0.3 -4.8
INQQ India Internet & Ecommerce ETF 3.1 86 -7 0.7 -4.5
FDCF Fidelity Disruptive Communications ETF 3.0 50 29 1.9 -3.3
DTAN Sparkline International Intangible Value ETF 2.9 55 24 7.1 +2.0
BWEB Bitwise Web3 ETF 2.9 85 -6 -0.1 -5.2
BATT Amplify Lithium & Battery Technology ETF 2.8 59 20 1.9 -3.3
KOCG FIS Knights of Columbus Global Belief ETF 2.7 75 4 4.4 -0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 34 -0.9 -6.1
QTUM Defiance Quantum ETF 2.7 40 39 3.5 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.7 80 -1 6.7 +1.6
BNGE First Trust S-Network Streaming and Gaming ETF 2.7 70 9 3.1 -2.0
ESPO VanEck Video Gaming and eSports ETF 2.7 56 23 6.7 +1.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.7 75 4 3.4 -1.8
ODDS Pacer BlueStar Digital Entertainment ETF 2.7 60 19 4.7 -0.4
SOCL Global X Social Media ETF 2.7 65 14 12.5 +7.4
IVRS iShares Future Metaverse Tech and Communications ETF 2.7 47 32 5.2 +0.1
IXP iShares Global Comm Services ETF 2.7 42 37 5.7 +0.5
GINN Goldman Sachs Innovate Equity ETF 2.7 52 27 3.7 -1.4
EWJ iShares MSCI Japan ETF 2.6 50 29 4.9 -0.2
VIDI Vident International Equity Strategy ETF 2.6 61 18 8.1 +3.0
HEWJ iShares Currency Hedged MSCI Japan ETF 2.6 50 29 5.4 +0.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.6 58 21 5.2 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.6 47 32 4.6 -0.5
TMFG Motley Fool Global Opportunities ETF 2.5 85 -6 3.7 -1.4
TIIV AAM Todd International Intrinsic Value ETF 2.5 54 25 9.7 +4.6
NUKZ Range Nuclear Renaissance Index ETF 2.5 85 -6 1.3 -3.8
BBJP JPMorgan BetaBuilders Japan ETF 2.5 19 60 5.3 +0.2
JPXN iShares JPX-Nikkei 400 ETF 2.4 48 31 5.4 +0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 34 9.7 +4.6
FLJP Franklin FTSE Japan ETF 2.4 9 70 5.4 +0.3
FLJH Franklin FTSE Japan Hedged ETF 2.4 9 70 5.1 -0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.3 25 54 5.5 +0.4
DGT State Street SPDR Global Dow ETF 2.3 50 29 5.7 +0.5
CGGR Capital Group Growth ETF 2.3 39 40 2.6 -2.6
FFOG Franklin Focused Growth ETF 2.3 61 18 1.6 -3.6
IBLC iShares Blockchain and Tech ETF 2.3 47 32 -1.2 -6.4
IQM Franklin Intelligent Machines ETF 2.3 50 29 1.1 -4.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.2 58 21 3.4 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 3 76 5.8 +0.7
IPAC iShares Core MSCI Pacific ETF 2.2 9 70 5.5 +0.4
DXJ WisdomTree Japan Hedged Equity Fund 2.1 48 31 5.3 +0.2
OGIG ALPS O'Shares Global Internet Giants ETF 2.1 48 31 2.5 -2.7
UIVM VictoryShares International Value Momentum ETF 2.1 35 44 8.2 +3.1
FDTX Fidelity Disruptive Technology ETF 2.1 50 29 1.5 -3.6
PBD Invesco Global Clean Energy ETF 2.1 75 4 0.2 -4.9
PPIE Putnam PanAgora ESG International Equity ETF 2.0 49 30 6.2 +1.1
KURE KraneShares MSCI All China Health Care Index ETF 2.0 65 14 3.2 -1.9
KSTR KraneShares SSE STAR Market 50 Index ETF 1.9 89 -10 0.7 -4.4
SNSR Global X Internet of Things ETF 1.9 68 11 3.2 -1.9
APIE ActivePassive International Equity ETF 1.9 45 34 6.4 +1.3
SHLD Global X Defense Tech ETF 1.9 50 29 3.1 -2.0
SOXX iShares Semiconductor ETF 1.9 35 44 1.9 -3.2
AVES Avantis Emerging Markets Value ETF 1.8 36 43 8.9 +3.8
ROBO ROBO Global Robotics & Automation Index ETF 1.8 95 -16 2.3 -2.8
EXI iShares Global Industrials ETF 1.7 42 37 3.6 -1.5
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 13 9.2 +4.1
BUYZ Franklin Disruptive Commerce ETF 1.7 50 29 2.5 -2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.7 14 65 5.3 +0.2
XDAT Franklin Exponential Data ETF 1.7 50 29 1.1 -4.0
JSTC Adasina Social Justice All Cap Global ETF 1.7 89 -10 4.3 -0.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.6 63 16 10.3 +5.1
FENI Fidelity Enhanced International ETF 1.6 28 51 5.8 +0.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 1.6 50 29 4.6 -0.5
CIL VictoryShares International Volatility Wtd ETF 1.6 45 34 5.8 +0.7
RAYJ Rayliant SMDAM Japan Equity ETF 1.6 72 7 2.9 -2.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 1.6 48 31 4.7 -0.5
FAN First Trust Global Wind Energy ETF 1.6 60 19 2.8 -2.4
VIGI Vanguard International Dividend Appreciation ETF 1.6 10 69 6.1 +0.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -1 12.2 +7.1
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 42 7.2 +2.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.5 68 11 2.9 -2.2
IHAK iShares Cybersecurity & Tech ETF 1.5 47 32 3.5 -1.6
IQDG WisdomTree International Quality Dividend Growth Fund 1.5 42 37 5.8 +0.7
LIVR Intelligent Livermore ETF 1.5 69 10 3.0 -2.2
SOXQ Invesco PHLX Semiconductor ETF 1.5 19 60 1.9 -3.2
AADR AdvisorShares Dorsey Wright ADR ETF 1.5 110 -31 3.1 -2.1
BKCI BNY Mellon Concentrated International ETF 1.5 80 -1 4.9 -0.3
DIVS SmartETFs Dividend Builder ETF 1.5 65 14 4.5 -0.7
FSST Fidelity Sustainable U.S. Equity ETF 1.5 59 20 3.4 -1.7
GVIP Goldman Sachs Hedge Industry VIP ETF 1.5 45 34 2.4 -2.8
IVES Wedbush ETFMG Global Cloud Technology ETF 1.5 68 11 3.5 -1.6
LRGE ClearBridge Large Cap Growth ESG ETF 1.5 59 20 2.7 -2.5
MOTO SmartETFs Smart Transportation & Technology ETF 1.5 68 11 5.2 +0.0
NETZ TCW Transform Systems ETF 1.5 75 4 1.3 -3.8
VNSE Natixis Vaughan Nelson Select ETF 1.5 80 -1 3.3 -1.8
WUGI AXS Esoterica NextG Economy ETF 1.5 75 4 1.4 -3.7
CGUS Capital Group Core Equity ETF 1.5 33 46 3.6 -1.6
CGDV Capital Group Dividend Value ETF 1.5 33 46 3.8 -1.3
OSEA Harbor International Compounders ETF 1.5 55 24 4.3 -0.8
FFLC Fidelity Fundamental Large Cap Core ETF 1.5 38 41 3.9 -1.3
CGDG Capital Group Dividend Growers ETF 1.5 47 32 5.2 +0.1
LRGC AB US Large Cap Strategic Equities ETF 1.5 48 31 3.8 -1.3
LOWV AB US Low Volatility Equity ETF 1.5 48 31 4.3 -0.8
ARKQ ARK Autonomous Technology & Robotics ETF 1.5 75 4 0.9 -4.2
ARKW ARK Next Generation Internet ETF 1.5 87 -8 0.7 -4.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 27 5.1 -0.1
RFFC ALPS Active Equity Opportunity ETF 1.5 48 31 3.7 -1.5
SMH VanEck Semiconductor ETF 1.5 35 44 1.9 -3.2
XNTK State Street SPDR NYSE Technology ETF 1.5 35 44 2.4 -2.7
VUSG Vanguard Wellington U.S. Growth Active ETF 1.5 35 44 2.5 -2.7
BLOK Amplify Transformational Data Sharing ETF 1.5 75 4 -0.1 -5.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 1.5 65 14 3.5 -1.6
SFYF SoFi Social 50 ETF 1.5 29 50 0.8 -4.4
AOTG AOT Growth and Innovation ETF 1.5 75 4 1.2 -3.9
PRAY FIS Christian Stock Fund 1.5 69 10 3.9 -1.2
RSHO Tema American Reshoring ETF 1.5 75 4 3.4 -1.7
BGIG Bahl & Gaynor Income Growth ETF 1.5 45 34 4.5 -0.6
DARP Grizzle Growth ETF 1.5 75 4 1.6 -3.5
GINX SGI Enhanced Global Income ETF 1.5 98 -19 6.7 +1.6
SWP SWP Growth & Income ETF 1.5 99 -20 4.2 -1.0
BGDV Bahl & Gaynor Dividend ETF 1.5 45 34 3.9 -1.2
LOGO Alpha Brands Consumption Leaders ETF 1.5 69 10 2.5 -2.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.5 58 21 5.4 +0.3
YNOT Horizon Digital Frontier ETF 1.5 75 4 2.5 -2.6
EFG iShares MSCI EAFE Growth ETF 1.4 36 43 3.8 -1.3
IMTM iShares MSCI Intl Momentum Factor ETF 1.4 30 49 4.7 -0.4
BRIF FIS Bright Portfolios Focused Equity ETF 1.4 65 14 3.4 -1.8
FBCG Fidelity Blue Chip Growth ETF 1.4 59 20 2.1 -3.0
JGRO JPMorgan Active Growth ETF 1.3 44 35 2.4 -2.7
IQSI IQ Candriam International Equity ETF 1.3 15 64 5.6 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 31 48 5.6 +0.5
EWJV iShares MSCI Japan Value ETF 1.3 15 64 7.0 +1.8
FFND Future Fund Active ETF 1.3 100 -21 4.3 -0.8
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 55 5.9 +0.8
ESGD iShares ESG Aware MSCI EAFE ETF 1.2 20 59 5.8 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.2 20 59 5.7 +0.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.2 65 14 4.4 -0.7
YLDE ClearBridge Dividend Strategy ESG ETF 1.2 60 19 5.2 +0.1
TPIF Timothy Plan International ETF 1.1 62 17 5.6 +0.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 18 1.5 -3.6
GURU Global X Guru Index ETF 1.1 75 4 2.4 -2.7
ARKX ARK Space Exploration & Innovation ETF 1.1 75 4 -0.0 -5.1
PGJ Invesco Golden Dragon China ETF 1.1 70 9 15.2 +10.1
EATZ AdvisorShares Restaurant ETF 1.1 101 -22 4.9 -0.2
VICE AdvisorShares Vice ETF 1.1 99 -20 5.8 +0.7
TMAT Main Thematic Innovation ETF 1.1 164 -85 -1.9 -7.1
OZEM Roundhill GLP-1 & Weight Loss ETF 1.0 59 20 5.5 +0.4
THNR Amplify Weight Loss Drug & Treatment ETF 1.0 59 20 5.9 +0.8
STXI Strive International Developed Markets ETF 1.0 29 50 6.2 +1.1
DIHP Dimensional International High Profitability ETF 1.0 29 50 5.8 +0.7
GEW Cambria Global EW ETF 1.0 29 50 5.4 +0.3
FJP First Trust Japan AlphaDEX Fund 1.0 80 -1 7.5 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.0 20 59 5.7 +0.6
FFTY Innovator IBD 50 ETF 1.0 80 -1 -0.0 -5.2
TIME Clockwise Core Equity & Innovation ETF 1.0 95 -16 2.1 -3.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 9 6.5 +1.4
TTAI FCF International Quality ETF 1.0 59 20 6.8 +1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.0 59 20 2.2 -2.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 18 -0.7 -5.8
FPAG FPA Global Equity ETF 0.9 49 30 5.8 +0.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.9 65 14 7.8 +2.7
URA Global X Uranium ETF 0.9 69 10 0.9 -4.3
EFA iShares MSCI EAFE ETF 0.9 35 44 5.8 +0.6
HEFA iShares Currency Hedged MSCI EAFE ETF 0.9 35 44 5.8 +0.6
VYMI Vanguard International High Dividend Yield ETF 0.9 17 62 8.1 +3.0
ARKK ARK Innovation ETF 0.9 75 4 -3.0 -8.1
FIVA Fidelity International Value Factor ETF 0.9 18 61 7.3 +2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 14 6.5 +1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 43 5.4 +0.3
CZA Invesco Zacks Mid-Cap ETF 0.8 72 7 5.9 +0.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.8 20 59 5.9 +0.8
BINV Brandes International ETF 0.8 70 9 8.6 +3.5
FDLS Inspire Fidelis Multi Factor ETF 0.8 76 3 3.3 -1.8
CNYA iShares MSCI China A ETF 0.8 60 19 6.3 +1.2
IEFA iShares Core MSCI EAFE ETF 0.8 7 72 6.1 +1.0
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 24 6.7 +1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.8 70 9 9.5 +4.4
INTF iShares International Equity Factor ETF 0.7 15 64 6.5 +1.4
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 21 5.9 +0.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 64 5.1 -0.1
BKIE BNY Mellon International Equity ETF 0.7 4 75 6.0 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 75 6.0 +0.9
FBCV Fidelity Blue Chip Value ETF 0.7 59 20 5.8 +0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 30 6.1 +1.0
IBUY Amplify Online Retail ETF 0.7 65 14 2.3 -2.8
PIN Invesco India ETF 0.6 78 1 4.8 -0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 32 5.0 -0.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 0.6 80 -1 5.0 -0.1
DGIN VanEck Digital India ETF 0.6 71 8 1.5 -3.6
GLIN VanEck India Growth Leaders ETF 0.6 77 2 5.5 +0.3
NDIA Global X India Active ETF 0.6 75 4 5.3 +0.1
INDA iShares MSCI India ETF 0.6 65 14 4.7 -0.5
INDY iShares India 50 ETF 0.6 89 -10 5.4 +0.3
IVSI Applied Finance IVS International Large ETF 0.6 65 14 6.1 +0.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.6 42 37 7.6 +2.5
QUVU Hartford Quality Value ETF 0.6 46 33 5.6 +0.5
DFAI Dimensional International Core Equity Market ETF 0.6 18 61 6.1 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 55 5.7 +0.6
IVLU iShares MSCI Intl Value Factor ETF 0.6 30 49 8.1 +2.9
DRGN Themes China Generative Artificial Intelligence ETF 0.6 39 40 9.4 +4.3
WGMI Valkyrie Bitcoin Miners ETF 0.6 75 4 -2.5 -7.6
DFIV Dimensional International Value ETF 0.5 27 52 7.8 +2.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 24 3.7 -1.4
JHMD John Hancock Multifactor Developed International ETF 0.5 39 40 6.2 +1.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 4 2.9 -2.2
AVIV Avantis International Large Cap Value ETF 0.5 25 54 7.0 +1.9
EFV iShares MSCI EAFE Value ETF 0.5 34 45 7.6 +2.5
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 14 3.4 -1.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 75 5.6 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 40 7.0 +1.9
JHID John Hancock International High Dividend ETF 0.4 46 33 7.9 +2.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 71 6.3 +1.2
DFIC Dimensional International Core Equity 2 ETF 0.4 23 56 6.3 +1.1
DEW WisdomTree Global High Dividend Fund 0.4 58 21 7.2 +2.1
WSGE Warren Street Global Equity ETF 0.4 80 -1 2.9 -2.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 50 8.9 +3.8
TRFM AAM Transformers ETF 0.4 49 30 1.0 -4.2
AVDE Avantis International Equity ETF 0.4 23 56 6.2 +1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 67 5.3 +0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 44 5.7 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 55 6.9 +1.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 49 6.2 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 54 6.2 +1.1
DXIV Dimensional International Vector Equity ETF 0.3 34 45 6.6 +1.5
DWM WisdomTree International Equity Fund 0.3 48 31 5.7 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 39 5.7 +0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 21 8.4 +3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 40 6.8 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 40 6.2 +1.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 37 4.0 -1.1
PID Invesco International Dividend Achievers ETF 0.3 53 26 4.0 -1.1
URTH iShares MSCI World ETF 0.2 24 55 4.3 -0.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 70 6.6 +1.5
CNXT VanEck ChiNext ETF 0.2 65 14 2.5 -2.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 30 4.5 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 49 5.2 +0.1
QINT American Century Quality Diversified International ETF 0.1 39 40 6.6 +1.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 54 5.5 +0.4
AVSD Avantis Responsible International Equity ETF 0.0 23 56 6.0 +0.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 68 4.1 -1.0
ICPY Tweedy, Browne International Insider Value ETF 0.0 80 -1 21.5 +16.4
COPY Tweedy, Browne Insider + Value ETF 0.0 80 -1 14.9 +9.8
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 14 0.0 -5.1
EBI Longview Advantage ETF 0.0 35 44 5.9 +0.8

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:		 Matthews Asia Innovators Active ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.2 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.53
 
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.