Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.1x P/Sales
ratio		 2.5x
P/BV
ratio		 3.8x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco DWA Developed Markets Technical Leaders Portfolio seeks investment results that correspond to the price and yield of the Dorsey Wright Developed Markets Technical Leaders Index.

FUND BASICS
Category International Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 28, 2007
Assets (mns) $735
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Momentum
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 118
Wgt avg mkt cap (mns) $45,462
Large cap (>$10bn) 64.8%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 0.5%
Developed mkts 96.6%
Emerging mkts 3.4%

TOP TEN HOLDINGS
SK SQUARE CO., LTD. 4.6 %
ABB LTD. 3.2 %
FUJIKURA LTD 3.1 %
CONSTELLATION SOFTWARE INC 3.0 %
TOROMONT INDUSTRIES LTD 2.9 %
BOMBARDIER INC. CLASS B 2.7 %
FURUKAWA ELECTRIC CO LTD 2.6 %
SIEMENS ENERGY AG 2.3 %
FLUGHAFEN ZURICH AG 2.3 %
ROYAL BANK OF CANADA 2.2 %
Total 28.8 %

TOP COUNTRY EXPOSURE
JAPAN 16.9 %
SOUTH KOREA 15.6 %
CANADA 12.3 %
SWITZERLAND 7.2 %
ISRAEL 7.1 %
BRITAIN 6.4 %
ITALY 4.9 %
SPAIN 4.3 %
GERMANY 3.8 %
SWEDEN 3.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.7% 13.2% 8.9% 10.0% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 1.44 59%
MSCI EAFE 1.33 76%
MSCI Emg. Mkts. 0.83 76%

Technical Indicators
Recent close $52.19
30d moving avg. $52.87
Annualized volatility 15.1%
Short interest (ETF) 1.9%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 42
Turnover 0.3%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 468 potential alternatives to the Invesco Dorsey Wright Developed Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PIZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIZ Expense: 80 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PIZ
Ticker Fund
Name		 Overlap1
vs PIZ
(%)		 Expense
ratio
(bp)		 Savings
vs PIZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PIZ
(%)
IMTM iShares MSCI Intl Momentum Factor ETF 15.5 30 50 4.7 +0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 14.3 80 0 6.8 +2.9
FENI Fidelity Enhanced International ETF 14.3 28 52 5.8 +2.0
DWMF WisdomTree International Multifactor Fund 13.5 38 42 7.0 +3.2
INTF iShares International Equity Factor ETF 13.4 15 65 6.5 +2.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.5 25 55 6.2 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 12.5 20 60 5.6 +1.8
BKIE BNY Mellon International Equity ETF 11.9 4 76 18.1 +14.3
IDHQ Invesco S&P International Developed High Quality ETF 11.9 29 51 5.1 +1.3
SCHF Schwab International Equity ETF 11.8 6 74 5.9 +2.1
UIVM VictoryShares International Value Momentum ETF 11.8 35 45 8.1 +4.3
QINT American Century Quality Diversified International ETF 11.8 39 41 6.7 +2.8
FRGN Horizon International Equity ETF 11.7 75 5 7.9 +4.0
STXI Strive International Developed Markets ETF 11.7 29 51 6.4 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 11.7 20 60 5.9 +2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 11.4 80 0 7.1 +3.3
VEA Vanguard FTSE Developed Markets ETF 11.4 3 77 5.9 +2.1
TPIF Timothy Plan International ETF 11.4 62 18 5.7 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 11.3 3 77 5.8 +2.0
HEFA iShares Currency Hedged MSCI EAFE ETF 11.3 35 45 5.7 +1.8
EFA iShares MSCI EAFE ETF 11.3 35 45 5.8 +1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.3 36 44 5.2 +1.3
FLKR Franklin FTSE South Korea ETF 11.2 9 71 3.9 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 11.1 20 60 5.8 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.1 39 41 6.3 +2.4
EFG iShares MSCI EAFE Growth ETF 10.9 36 44 3.9 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 10.9 20 60 5.7 +1.8
JHMD John Hancock Multifactor Developed International ETF 10.8 39 41 6.3 +2.4
FLEE Franklin FTSE Europe ETF 10.8 9 71 6.6 +2.7
BBEU JPMorgan BetaBuilders Europe ETF 10.7 9 71 6.5 +2.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.6 29 51 7.1 +3.3
DOL WisdomTree International LargeCap Dividend Fund 10.6 48 32 5.6 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 10.4 4 76 6.1 +2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 10.4 46 34 5.5 +1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.3 25 55 6.5 +2.7
DWM WisdomTree International Equity Fund 10.3 48 32 5.7 +1.8
FDEV Fidelity International Multifactor ETF 10.2 18 62 7.4 +3.5
IEFA iShares Core MSCI EAFE ETF 10.2 7 73 6.1 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.2 40 40 5.8 +1.9
IQLT iShares MSCI Intl Quality Factor ETF 10.1 30 50 5.5 +1.6
EWY iShares MSCI South Korea ETF 10.0 58 22 3.1 -0.8
CGIE Capital Group International Equity ETF 9.9 54 26 4.6 +0.8
CWI SPDR MSCI ACWI ex-US ETF 9.9 30 50 6.4 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 9.9 24 56 5.7 +1.9
AVIV Avantis International Large Cap Value ETF 9.9 25 55 7.0 +3.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.8 35 45 5.6 +1.8
HEZU iShares Currency Hedged MSCI Eurozone ETF 9.8 53 27 5.5 +1.6
EZU iShares MSCI Eurozone ETF 9.8 52 28 5.8 +2.0
AVDE Avantis International Equity ETF 9.7 23 57 6.3 +2.4
JHID John Hancock International High Dividend ETF 9.7 46 34 8.1 +4.2
ACWX iShares MSCI ACWI ex U.S. ETF 9.6 34 46 6.4 +2.5
IQSI IQ Candriam International Equity ETF 9.6 15 65 5.6 +1.7
IEV iShares Europe ETF 9.6 67 13 6.2 +2.3
NUDM Nuveen ESG International Developed Markets Equity ETF 9.6 31 49 5.5 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.6 18 62 6.4 +2.5
DFAI Dimensional International Core Equity Market ETF 9.5 18 62 6.1 +2.2
JIG JPMorgan International Growth ETF 9.5 55 25 3.6 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.4 45 35 5.5 +1.7
EUFN iShares MSCI Europe Financials ETF 9.4 51 29 7.0 +3.1
VGK Vanguard FTSE Europe ETF 9.3 6 74 6.8 +3.0
IEUR iShares Core MSCI Europe ETF 9.3 11 69 6.6 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 4 76 6.7 +2.9
SPEU SPDR Portfolio Europe ETF 9.2 7 73 6.8 +2.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 9.2 30 50 6.1 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 9.1 29 51 6.2 +2.3
IQDG WisdomTree International Quality Dividend Growth Fund 9.1 42 38 5.9 +2.0
IMFL Invesco International Developed Dynamic Multifactor ETF 9.1 34 46 5.3 +1.5
EXI iShares Global Industrials ETF 9.0 42 38 3.7 -0.1
AVSD Avantis Responsible International Equity ETF 9.0 23 57 6.0 +2.2
VPL Vanguard FTSE Pacific ETF 9.0 7 73 5.0 +1.1
DIHP Dimensional International High Profitability ETF 8.8 29 51 5.9 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.8 58 22 5.4 +1.5
JIRE JPMorgan International Research Enhanced Equity ETF 8.8 24 56 5.8 +1.9
IXUS iShares Core MSCI Total International Stock ETF 8.8 7 73 6.6 +2.7
VXUS Vanguard Total International Stock ETF 8.8 5 75 6.6 +2.8
DFIC Dimensional International Core Equity 2 ETF 8.6 23 57 6.3 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 41 39 5.9 +2.1
FICS First Trust International Developed Capital Strength ETF 8.5 70 10 7.1 +3.2
FEP First Trust Europe AlphaDEX Fund 8.4 80 0 7.2 +3.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 8.3 32 48 5.5 +1.6
DIM WisdomTree International MidCap Dividend Fund 8.2 58 22 6.4 +2.6
DMXF iShares ESG Advanced MSCI EAFE ETF 8.1 12 68 4.8 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.1 45 35 6.8 +2.9
EFV iShares MSCI EAFE Value ETF 8.0 34 46 7.6 +3.7
PIEL Pacer International Export Leaders ETF 7.9 60 20 4.1 +0.3
IMOM Alpha Architect International Quantitative Momentum ETF 7.8 49 31 4.6 +0.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.8 12 68 5.4 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 7.8 39 41 7.0 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 7.8 25 55 7.4 +3.5
JPXN iShares JPX-Nikkei 400 ETF 7.7 48 32 5.0 +1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.7 58 22 6.8 +2.9
VYMI Vanguard International High Dividend Yield ETF 7.5 17 63 8.0 +4.2
IXG iShares Global Financials ETF 7.5 42 38 6.2 +2.3
VSGX Vanguard ESG International Stock ETF 7.4 10 70 6.6 +2.7
NUEM Nuveen ESG Emerging Markets Equity ETF 7.4 36 44 5.8 +1.9
FLJP Franklin FTSE Japan ETF 7.4 9 71 5.0 +1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.3 47 33 4.3 +0.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 7.3 22 58 5.7 +1.9
FLJH Franklin FTSE Japan Hedged ETF 7.3 9 71 4.8 +1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.2 25 55 5.1 +1.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 7.2 20 60 5.7 +1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.1 14 66 5.3 +1.4
IPAC iShares Core MSCI Pacific ETF 7.1 9 71 5.3 +1.4
FEUZ First Trust Eurozone AlphaDEX ETF 7.1 80 0 7.0 +3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.9 30 50 6.4 +2.5
HEWJ iShares Currency Hedged MSCI Japan ETF 6.9 50 30 5.0 +1.2
EWJ iShares MSCI Japan ETF 6.9 50 30 4.5 +0.7
IQDF FlexShares International Quality Dividend Index Fund 6.8 47 33 7.5 +3.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 6.8 24 56 7.1 +3.2
EIS iShares MSCI Israel ETF 6.7 58 22 6.8 +3.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.7 58 22 9.2 +5.4
DIVI Franklin International Core Dividend Tilt Index ETF 6.7 9 71 6.6 +2.8
MEM Matthews Emerging Markets Equity Active ETF 6.6 79 1 8.6 +4.7
POW VistaShares Electrification Supercycle ETF 6.6 75 5 2.3 -1.6
FJP First Trust Japan AlphaDEX Fund 6.5 80 0 7.1 +3.3
JIVE JPMorgan International Value ETF 6.5 55 25 8.1 +4.3
IPKW Invesco International BuyBack Achievers ETF 6.4 55 25 8.1 +4.2
JPIN J.P. Morgan Diversified Return International Equity ETF 6.4 37 43 7.2 +3.3
ISRA VanEck Israel ETF 6.4 59 21 5.9 +2.1
FEZ SPDR EURO STOXX 50 ETF 6.4 29 51 5.9 +2.1
UMMA Wahed Dow Jones Islamic World ETF 6.4 65 15 3.5 -0.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.3 47 33 7.2 +3.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 6.1 75 5 1.7 -2.1
IPAV Global X Infrastructure Development ex-U.S. ETF 6.1 55 25 6.2 +2.4
DTH WisdomTree International High Dividend Fund 6.1 58 22 7.4 +3.6
IVLU iShares MSCI Intl Value Factor ETF 6.0 30 50 8.1 +4.2
BBJP JPMorgan BetaBuilders Japan ETF 6.0 19 61 5.0 +1.1
HEDJ WisdomTree Europe Hedged Equity Fund 6.0 58 22 6.2 +2.3
GLOF iShares Global Equity Factor ETF 5.9 20 60 5.5 +1.6
IDLV Invesco S&P International Developed Low Volatility ETF 5.7 25 55 6.6 +2.7
IGRO iShares International Dividend Growth ETF 5.7 15 65 6.8 +3.0
FPXI First Trust International Equity Opportunities ETF 5.6 70 10 4.2 +0.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.5 45 35 1.8 -2.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.5 9 71 7.9 +4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.4 42 38 4.2 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 5.4 65 15 4.2 +0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.4 70 10 4.3 +0.4
DXIV Dimensional International Vector Equity ETF 5.2 34 46 6.7 +2.8
NATO Themes Transatlantic Defense ETF 5.2 35 45 2.1 -1.7
DXJ WisdomTree Japan Hedged Equity Fund 5.2 48 32 5.0 +1.1
EWC iShares MSCI Canada ETF 5.2 50 30 5.2 +1.3
FLCA Franklin FTSE Canada ETF 5.2 9 71 5.6 +1.7
RAYJ Rayliant SMDAM Japan Equity ETF 5.1 72 8 3.2 -0.7
IVSI Applied Finance IVS International Large ETF 5.0 65 15 6.0 +2.1
DEW WisdomTree Global High Dividend Fund 5.0 58 22 7.4 +3.5
CLNR IQ Cleaner Transport ETF 5.0 45 35 4.0 +0.1
VIGI Vanguard International Dividend Appreciation ETF 5.0 10 70 6.1 +2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.0 80 0 5.8 +1.9
DFIV Dimensional International Value ETF 4.9 27 53 7.8 +4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.9 24 56 5.0 +1.2
EWI iShares MSCI Italy ETF 4.9 50 30 12.1 +8.2
BBCA JPMorgan BetaBuilders Canada ETF 4.8 19 61 5.5 +1.6
NUKZ Range Nuclear Renaissance Index ETF 4.8 85 -5 1.7 -2.2
WRND IQ Global Equity R&D Leaders ETF 4.8 18 62 4.0 +0.1
LDEM iShares ESG MSCI EM Leaders ETF 4.7 17 63 12.9 +9.0
FLSW Franklin FTSE Switzerland ETF 4.7 9 71 6.1 +2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.6 70 10 6.8 +2.9
WLDR Affinity World Leaders Equity ETF 4.6 67 13 5.6 +1.8
AIA iShares Asia 50 ETF 4.6 50 30 7.3 +3.4
FIVA Fidelity International Value Factor ETF 4.5 18 62 7.4 +3.5
IBAT iShares Energy Storage & Materials ETF 4.4 47 33 1.6 -2.3
LVHI Franklin International Low Volatility High Dividend Index ET 4.4 40 40 7.5 +3.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.4 65 15 8.3 +4.4
EMM Global X Emerging Markets ex-China ETF 4.4 75 5 4.6 +0.7
GEW Cambria Global EW ETF 4.3 29 51 5.4 +1.6
EMXF iShares ESG Advanced MSCI EM ETF 4.3 16 64 6.6 +2.7
EWP iShares MSCI Spain ETF 4.3 50 30 6.0 +2.1
CGXU Capital Group International Focus Equity ETF 4.3 54 26 3.8 -0.1
OCEN IQ Clean Oceans ETF 4.3 45 35 4.7 +0.8
FLAX Franklin FTSE Asia Ex Japan ETF 4.3 19 61 7.0 +3.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.2 25 55 5.5 +1.7
EUDV ProShares MSCI Europe Dividend Growers ETF 4.2 55 25 6.1 +2.2
DGT State Street SPDR Global Dow ETF 4.1 50 30 5.7 +1.9
XCEM Columbia EM Core ex-China ETF 4.1 16 64 4.8 +0.9
AIVI WisdomTree International AI Enhanced Value Fund 4.1 58 22 6.3 +2.4
FIDI Fidelity International High Dividend ETF 4.1 18 62 7.4 +3.5
FKU First Trust United Kingdom AlphaDEX Fund 4.0 80 0 7.3 +3.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 4.0 50 30 5.8 +1.9
RW Rainwater Equity ETF 4.0 125 -45 3.5 -0.4
ECON Columbia Emerging Markets Consumer ETF 3.9 49 31 6.4 +2.6
VIDI Vident International Equity Strategy ETF 3.9 61 19 8.2 +4.4
WWJD Inspire International ETF 3.8 80 0 6.5 +2.6
EMC Global X Emerging Markets Great Consumer ETF 3.8 75 5 7.1 +3.2
KLMT Invesco MSCI Global Climate 500 ETF 3.8 10 70 4.9 +1.1
FLGB Franklin FTSE United Kingdom ETF 3.7 9 71 6.9 +3.0
ACWI iShares MSCI ACWI ETF 3.7 32 48 4.6 +0.8
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.7 48 32 4.8 +1.0
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 25 6.7 +2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.6 50 30 7.9 +4.1
EWU iShares MSCI United Kingdom ETF 3.6 50 30 7.5 +3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.6 49 31 6.1 +2.2
HUMN Roundhill Humanoid Robotics ETF 3.5 75 5 1.5 -2.4
SHLD Global X Defense Tech ETF 3.5 50 30 3.4 -0.4
VT Vanguard Total World Stock ETF 3.4 6 74 5.0 +1.1
PATN Pacer Nasdaq International Patent Leaders ETF 3.4 65 15 4.0 +0.1
INEQ Columbia International Equity Income ETF 3.4 45 35 8.0 +4.2
FLGR Franklin FTSE Germany ETF 3.4 9 71 7.0 +3.1
EEMA iShares MSCI Emerging Markets Asia ETF 3.4 49 31 7.4 +3.6
EWD iShares MSCI Sweden ETF 3.3 54 26 5.3 +1.5
DAX Global X DAX Germany ETF 3.3 21 59 6.5 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 3.3 25 55 4.9 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 3.3 30 50 5.2 +1.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.3 65 15 7.4 +3.5
EWG iShares MSCI Germany ETF 3.3 50 30 6.2 +2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.3 9 71 4.8 +1.0
URTH iShares MSCI World ETF 3.3 24 56 4.3 +0.5
DIVS SmartETFs Dividend Builder ETF 3.2 65 15 4.5 +0.6
FAN First Trust Global Wind Energy ETF 3.2 60 20 3.2 -0.7
IDV iShares International Select Dividend ETF 3.2 51 29 9.7 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.2 32 48 7.6 +3.7
XT iShares Exponential Technologies ETF 3.2 46 34 3.8 -0.0
AVDV Avantis International Small Cap Value ETF 3.2 36 44 7.6 +3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 47 6.7 +2.8
VCLN Virtus Duff & Phelps Clean Energy ETF 3.1 59 21 2.8 -1.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 3.1 60 20 3.6 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 3.1 42 38 4.0 +0.1
STXE Strive Emerging Markets Ex-China ETF 3.1 32 48 5.1 +1.3
EPP iShares MSCI Pacific ex-Japan ETF 3.0 47 33 5.0 +1.2
AKRE Akre Focus ETF 3.0 106 -26 4.8 +0.9
ESGE iShares ESG Aware MSCI EM ETF 3.0 25 55 8.1 +4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.0 20 60 4.7 +0.9
FGM First Trust Germany AlphaDEX Fund 2.9 80 0 5.6 +1.7
EMGF iShares Emerging Markets Equity Factor ETF 2.9 25 55 8.8 +4.9
CGDG Capital Group Dividend Growers ETF 2.9 47 33 5.4 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 2.9 30 50 7.9 +4.0
KOKU Xtrackers MSCI Kokusai Equity ETF 2.9 9 71 4.4 +0.5
EWS iShares MSCI Singapore ETF 2.9 50 30 3.7 -0.2
BKEM BNY Mellon Emerging Markets Equity ETF 2.9 11 69 24.1 +20.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.9 66 14 7.3 +3.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 2.9 69 11 7.6 +3.7
EEM iShares MSCI Emerging Markets ETF 2.9 69 11 7.7 +3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.9 36 44 7.5 +3.7
FSZ First Trust Switzerland AlphaDEX Fund 2.8 80 0 5.4 +1.6
URA Global X Uranium ETF 2.8 69 11 1.2 -2.7
TOK iShares MSCI Kokusai ETF 2.8 26 54 4.3 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.8 15 65 8.0 +4.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.7 58 22 3.6 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 2.7 9 71 8.1 +4.2
IEUS iShares MSCI Europe Small-Cap ETF 2.7 42 38 7.0 +3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.7 12 68 4.5 +0.6
CHAT Roundhill Generative AI & Technology ETF 2.7 75 5 4.0 +0.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.7 32 48 4.6 +0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.7 15 65 8.9 +5.0
ACWV iShares MSCI Global Min Vol Factor ETF 2.6 20 60 5.8 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.6 45 35 8.0 +4.1
KNO AXS Knowledge Leaders ETF 2.6 78 2 4.0 +0.1
MINV Matthews Asia Innovators Active ETF 2.6 79 1 5.8 +2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.6 25 55 6.0 +2.1
GLBL Pacer MSCI World Industry Advantage ETF 2.6 65 15 3.4 -0.5
FYLD Cambria Foreign Shareholder Yield ETF 2.6 59 21 9.9 +6.0
ISCF iShares International SmallCap Equity Factor ETF 2.5 23 57 7.3 +3.4
CGGO Capital Group Global Growth Equity ETF 2.5 47 33 4.1 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 2.5 49 31 7.5 +3.6
IQM Franklin Intelligent Machines ETF 2.5 50 30 1.1 -2.7
IGF iShares Global Infrastructure ETF 2.5 41 39 4.6 +0.8
GII SPDR S&P Global Infrastructure ETF 2.5 40 40 4.7 +0.8
ABLD Abacus FCF Real Assets Leaders ETF 2.4 69 11 6.8 +3.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.4 39 41 6.7 +2.9
NXTG First Trust Indxx NextG ETF 2.4 70 10 3.4 -0.5
RCGE RockCreek Global Equality ETF 2.4 95 -15 6.3 +2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 2.4 33 47 6.5 +2.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.4 53 27 4.9 +1.0
ROAM Hartford Multifactor Emerging Markets ETF 2.4 44 36 7.5 +3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.3 41 39 6.8 +3.0
LOUP Innovator Deepwater Frontier Tech ETF 2.3 70 10 1.0 -2.9
NETZ TCW Transform Systems ETF 2.3 75 5 1.5 -2.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.3 75 5 6.2 +2.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 28 8.1 +4.3
SRVR Pacer Data & Infrastructure Real Estate ETF 2.3 55 25 4.7 +0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 2.3 48 32 8.6 +4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.3 59 21 8.4 +4.6
SCZ iShares MSCI EAFE Small-Cap ETF 2.3 40 40 6.2 +2.3
DFAE Dimensional Emerging Core Equity Market ETF 2.3 35 45 6.9 +3.0
WUGI AXS Esoterica NextG Economy ETF 2.3 75 5 1.4 -2.4
DFIS Dimensional International Small Cap ETF 2.3 39 41 6.2 +2.3
FRDM Freedom 100 Emerging Markets ETF 2.3 49 31 5.2 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.2 38 42 6.9 +3.1
JGLO JPMorgan Global Select Equity ETF 2.2 33 47 4.3 +0.4
FTHF First Trust Emerging Markets Human Flourishing ETF 2.2 75 5 5.4 +1.6
ARTY iShares Future AI & Tech ETF 2.2 47 33 2.2 -1.7
AIVC Amplify Bloomberg AI Value Chain ETF 2.2 59 21 3.3 -0.6
BATT Amplify Lithium & Battery Technology ETF 2.2 59 21 2.1 -1.8
GSIB Themes Global Systemically Important Banks ETF 2.2 35 45 8.0 +4.1
AVEM Avantis Emerging Markets Equity ETF 2.2 33 47 6.9 +3.0
AVDS Avantis International Small Cap Equity ETF 2.1 30 50 6.0 +2.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.1 88 -8 8.5 +4.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.1 33 47 5.9 +2.1
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.1 49 31 8.1 +4.3
PIO Invesco Global Water ETF 2.1 75 5 4.7 +0.8
AIS VistaShares Artificial Intelligence Supercycle ETF 2.1 75 5 0.8 -3.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.1 19 61 5.4 +1.6
ASEA Global X FTSE Southeast Asia ETF 2.1 65 15 5.2 +1.4
DRNZ REX Drone ETF 2.1 65 15 -2.0 -5.8
JETS U.S. Global Jets ETF 2.0 60 20 2.7 -1.2
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 39 4.8 +1.0
PID Invesco International Dividend Achievers ETF 2.0 53 27 4.5 +0.6
ION ProShares S&P Global Core Battery Metals ETF 2.0 58 22 7.2 +3.3
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 4.0 +0.2
EIRL iShares MSCI Ireland ETF 2.0 50 30 7.0 +3.1
DWX SPDR S&P International Dividend ETF 2.0 45 35 7.0 +3.1
RGEF Rockefeller Global Equity ETF 1.9 55 25 3.8 -0.1
JADE JPMorgan Active Developing Markets Equity ETF 1.9 65 15 5.9 +2.1
BLES Inspire Global Hope ETF 1.9 61 19 5.9 +2.0
IXN iShares Global Tech ETF 1.8 41 39 2.5 -1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 50 7.4 +3.6
BAI iShares AI Innovation and Tech Active ETF 1.8 55 25 0.9 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.8 25 55 10.5 +6.7
GVAL Cambria Global Value ETF 1.8 68 12 8.4 +4.5
FDD First Trust Stoxx European Select Dividend Index Fund 1.8 58 22 10.1 +6.3
SCJ iShares MSCI Japan Small-Cap ETF 1.8 50 30 5.3 +1.4
SAGP Strategas Global Policy Opportunities ETF 1.8 65 15 5.1 +1.2
DFEV Dimensional Emerging Markets Value ETF 1.7 43 37 9.1 +5.2
PBD Invesco Global Clean Energy ETF 1.7 75 5 0.4 -3.5
SCHY Schwab International Dividend Equity ETF 1.7 14 66 8.8 +5.0
CZAR Themes Natural Monopoly ETF 1.7 35 45 5.3 +1.5
TRFK Pacer Data and Digital Revolution ETF 1.7 60 20 1.8 -2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.6 39 41 8.3 +4.5
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 20 7.8 +3.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.6 56 24 10.0 +6.1
DVYA iShares Asia/Pacific Dividend ETF 1.6 49 31 7.0 +3.1
JSTC Adasina Social Justice All Cap Global ETF 1.5 89 -9 4.3 +0.5
GINN Goldman Sachs Innovate Equity ETF 1.5 52 28 3.7 -0.2
ABLG Abacus FCF International Leaders ETF 1.5 59 21 6.8 +3.0
AIQ Global X Artificial Intelligence & Technology ETF 1.5 68 12 2.7 -1.2
MJSC MUFG Japan Small Cap Active ETF 1.5 85 -5 4.5 +0.6
SCHC Schwab International Small-Cap Equity ETF 1.5 11 69 6.6 +2.8
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -15 2.4 -1.5
BULD Pacer BlueStar Engineering the Future ETF 1.5 60 20 0.2 -3.7
TCAI Tortoise AI Infrastructure ETF 1.5 65 15 1.5 -2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 8 72 6.4 +2.5
EDEN iShares MSCI Denmark ETF 1.5 53 27 6.5 +2.7
EFNL iShares MSCI Finland ETF 1.4 56 24 5.7 +1.9
CGGR Capital Group Growth ETF 1.4 39 41 2.6 -1.2
EWUS iShares MSCI United Kingdom Small Cap ETF 1.4 59 21 7.4 +3.5
WDIV SPDR S&P Global Dividend ETF 1.4 40 40 9.2 +5.3
LIT Global X Lithium & Battery Tech ETF 1.4 75 5 5.9 +2.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 8 2.8 -1.1
LIMI Themes Lithium & Battery Metal Miners ETF 1.4 35 45 3.6 -0.3
ILIT iShares Lithium Miners and Producers ETF 1.4 47 33 4.9 +1.0
IGPT Invesco AI and Next Gen Software ETF 1.4 60 20 2.2 -1.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.3 79 1 3.8 -0.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 15 1.3 -2.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.3 58 22 5.6 +1.8
FFOG Franklin Focused Growth ETF 1.3 61 19 1.6 -2.3
EYLD Cambria Emerging Shareholder Yield ETF 1.3 66 14 8.8 +4.9
AQLT iShares MSCI Global Quality Factor ETF 1.3 18 62 0.0 -3.9
IBOT Vaneck Robotics ETF 1.3 47 33 3.2 -0.7
FEOE First Eagle Overseas Equity ETF 1.3 79 1 6.2 +2.4
KOCG FIS Knights of Columbus Global Belief ETF 1.3 75 5 4.6 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 31 4.8 +0.9
EWN iShares MSCI Netherlands ETF 1.2 50 30 4.5 +0.7
FLAU Franklin FTSE Australia ETF 1.2 9 71 6.0 +2.1
MXI iShares Global Materials ETF 1.2 41 39 6.1 +2.3
CARZ First Trust NASDAQ Global Auto Index Fund 1.2 70 10 2.4 -1.5
FDTX Fidelity Disruptive Technology ETF 1.2 50 30 1.4 -2.4
KNCT Invesco Next Gen Connectivity ETF 1.1 40 40 2.8 -1.1
DTAN Sparkline International Intangible Value ETF 1.1 55 25 7.3 +3.4
IOO iShares Global 100 ETF 1.1 41 39 3.8 -0.0
OGIG ALPS O'Shares Global Internet Giants ETF 1.1 48 32 2.4 -1.5
EWL iShares MSCI Switzerland ETF 1.1 50 30 6.0 +2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.1 46 34 5.7 +1.8
KXI iShares Global Consumer Staples ETF 1.1 41 39 5.7 +1.8
DISV Dimensional International Small Cap Value ETF 1.1 42 38 8.0 +4.1
CHPX Global X AI Semiconductor & Quantum ETF 1.1 50 30 1.5 -2.3
OAIM OneAscent International Equity ETF 1.1 95 -15 4.4 +0.5
OBOR KraneShares MSCI One Belt One Road Index ETF 1.1 79 1 7.3 +3.5
DTCR Global X Data Center & Digital Infrastructure ETF 1.1 50 30 3.6 -0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.1 40 40 6.1 +2.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.1 60 20 9.6 +5.8
WAR U.S. Global Tech and Aerospace & Defense ETF 1.0 60 20 0.1 -3.7
CGV Conductor Global Equity Value ETF 1.0 130 -50 7.9 +4.0
AGIX KraneShares Artificial Intelligence and Technology ETF 1.0 99 -19 1.0 -2.9
JEDI Defiance Drone and Modern Warfare ETF 0.9 69 11 1.5 -2.4
FEGE First Eagle Global Equity ETF 0.9 79 1 6.1 +2.3
JXI iShares Global Utilities ETF 0.9 43 37 5.7 +1.9
CRAK VanEck Oil Refiners ETF 0.9 61 19 6.9 +3.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 41 8.4 +4.6
AZTD Aztlan Global Stock Selection DM SMID ETF 0.9 75 5 4.5 +0.6
WSML iShares MSCI World Small-Cap ETF 0.9 15 65 5.5 +1.6
EWJV iShares MSCI Japan Value ETF 0.9 15 65 6.5 +2.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 33 5.3 +1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 33 5.3 +1.4
EFAS Global X MSCI SuperDividend EAFE ETF 0.8 57 23 7.6 +3.7
KBWR Invesco KBW Regional Banking ETF 0.8 35 45 8.5 +4.7
HAP VanEck Natural Resources ETF 0.7 50 30 6.6 +2.8
EWO iShares MSCI Austria ETF 0.7 50 30 7.4 +3.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 45 3.4 -0.4
QQLV Invesco QQQ Low Volatility ETF 0.7 25 55 4.5 +0.6
TOLL Tema Durable Quality ETF 0.7 75 5 3.7 -0.2
SETM Sprott Energy Transition Materials ETF 0.7 65 15 2.0 -1.8
REMX VanEck Rare Earth/Strategic Metals ETF 0.7 54 26 4.0 +0.1
EWA iShares MSCI Australia ETF 0.7 50 30 5.4 +1.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.7 68 12 3.6 -0.3
LITP Sprott Lithium Miners ETF 0.7 65 15 1.6 -2.3
GMET VanEck Green Metals ETF 0.7 63 17 0.8 -3.0
IDRV iShares Self-driving EV & Tech ETF 0.7 47 33 1.7 -2.2
RXI iShares Global Consumer Discretionary ETF 0.7 41 39 9.1 +5.2
SLX VanEck Steel ETF 0.7 56 24 10.6 +6.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 10 6.4 +2.5
KLMN Invesco MSCI North America Climate ETF 0.6 9 71 4.3 +0.4
GINX SGI Enhanced Global Income ETF 0.6 98 -18 6.7 +2.8
ARB AltShares Merger Arbitrage ETF 0.6 77 3 2.7 -1.2
IVAL Alpha Architect International Quantitative Value ETF 0.6 49 31 7.6 +3.8
GCOW Pacer Global Cash Cows Dividend ETF 0.6 60 20 9.6 +5.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 42 3.9 +0.1
FDFF Fidelity Disruptive Finance ETF 0.6 50 30 5.5 +1.6
BLOK Amplify Transformational Data Sharing ETF 0.6 75 5 -0.1 -4.0
DFNL Davis Select Financial ETF 0.6 63 17 7.6 +3.7
BITQ Bitwise Crypto Industry Innovators ETF 0.6 85 -5 -2.2 -6.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 9.5 +5.6
TNUK Tortoise Nuclear Renaissance ETF 0.6 75 5 1.0 -2.8
EWK iShares MSCI Belgium ETF 0.6 50 30 4.1 +0.3
SMOG VanEck Low Carbon Energy ETF 0.5 61 19 1.4 -2.5
AVES Avantis Emerging Markets Value ETF 0.5 36 44 9.0 +5.1
UFO Procure Space ETF 0.5 75 5 0.1 -3.8
RING iShares MSCI Global Gold Miners ETF 0.5 39 41 3.5 -0.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 10 6.8 +3.0
AUAU Global X Gold Miners ETF 0.5 35 45 2.7 -1.2
SGDM Sprott Gold Miners ETF 0.5 50 30 2.9 -1.0
GOEX Global X Gold Explorers ETF 0.5 65 15 2.2 -1.7
AUMI Themes Gold Miners ETF 0.5 35 45 3.3 -0.5
GDX VanEck Gold Miners ETF 0.5 51 29 3.0 -0.9
SLVP iShares MSCI Global Silver Miners ETF 0.5 39 41 4.2 +0.4
GDXJ VanEck Junior Gold Miners ETF 0.5 52 28 3.1 -0.8
DWLD Davis Select Worldwide ETF 0.5 63 17 7.4 +3.5
ENOR iShares MSCI Norway ETF 0.5 53 27 7.9 +4.1
DINT Davis Select International ETF 0.5 55 25 6.4 +2.6
NORW Global X MSCI Norway ETF 0.5 50 30 8.1 +4.3
BOTT Themes Robotics & Automation ETF 0.5 35 45 -4.8 -8.7
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 11 2.1 -1.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.5 15 65 4.0 +0.1
ARKX ARK Space Exploration & Innovation ETF 0.5 75 5 0.0 -3.8
ARKQ ARK Autonomous Technology & Robotics ETF 0.5 75 5 1.0 -2.9
AADR AdvisorShares Dorsey Wright ADR ETF 0.5 110 -30 3.3 -0.5
ITEQ BlueStar Israel Technology ETF 0.5 75 5 1.2 -2.6
IZRL ARK Israel Innovative Technology ETF 0.5 49 31 1.5 -2.4
TMAT Main Thematic Innovation ETF 0.5 164 -84 -1.9 -5.8
AGQI First Trust Active Global Quality Income ETF 0.5 85 -5 6.5 +2.6
PPA Invesco Aerospace & Defense ETF 0.5 58 22 2.2 -1.7
MOTI VanEck Morningstar International Moat ETF 0.5 58 22 10.5 +6.7
XDAT Franklin Exponential Data ETF 0.4 50 30 1.0 -2.8
IXC iShares Global Energy ETF 0.4 44 36 7.0 +3.1
ICPY Tweedy, Browne International Insider Value ETF 0.4 80 0 20.9 +17.1
COPY Tweedy, Browne Insider + Value ETF 0.4 80 0 14.7 +10.9
GXC SPDR S & P China ETF 0.4 59 21 20.5 +16.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 36 9.7 +5.9
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 35 4.2 +0.4
TRFM AAM Transformers ETF 0.3 49 31 1.0 -2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 0 8.7 +4.8
FLCH Franklin FTSE China ETF 0.2 19 61 19.9 +16.0
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 60 3.1 -0.7
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 3.2 -0.6
QQQ Invesco QQQ Trust Series I 0.2 20 60 3.2 -0.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 2.9 -1.0
NANR SPDR S&P North American Natural Resources ETF 0.2 35 45 6.2 +2.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 31 8.6 +4.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 22 7.4 +3.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 69 9.5 +5.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 73 9.3 +5.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 38 7.6 +3.7
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 73 9.5 +5.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 17 10.1 +6.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.0 60 20 2.3 -1.6
COPA Themes Copper Miners ETF 0.0 35 45 2.9 -1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 31 13.4 +9.5
BCDF Horizon Kinetics Blockchain Development ETF 0.0 85 -5 3.9 0.0
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 15 0.0 -3.9
GWX SPDR S&P International Small Cap ETF 0.0 40 40 5.8 +1.9

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 Dorsey Wright Developed Markets Momentum 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 16.2 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 3.9 %
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.