Invesco Dorsey Wright Developed Markets Momentum ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.6x P/Sales
ratio		 2.4x
P/BV
ratio		 3.7x Div.
yield		 2.4%


  • 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) $466
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 98
Wgt avg mkt cap (mns) $44,120
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
TECHNOLOGY ONE LTD 3.0 %
ASML HOLDING NV 2.9 %
SAMSUNG TECHWIN CO LTD 2.7 %
BELIMO HOLDING AG 2.6 %
ABB LTD. 2.5 %
HYUNDAI ELECTRIC & ENERGY SYSTEMS 2.4 %
RHEINMETALL AG 2.3 %
FLUGHAFEN ZURICH AG 2.2 %
FUJIKURA LTD 2.2 %
SAMPO OYJ CLASS A 2.0 %
Total 24.9 %

TOP COUNTRY EXPOSURE
SWITZERLAND 13.9 %
CANADA 13.5 %
SOUTH KOREA 10.5 %
JAPAN 7.4 %
AUSTRALIA 7.2 %
BRITAIN 5.6 %
GERMANY 4.6 %
NETHERLANDS 4.2 %
ITALY 3.7 %
ISRAEL 3.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
32.3% 28.0% 9.8% 8.8% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.73 52%
MSCI EAFE 1.03 76%
MSCI Emg. Mkts. 0.84 56%

Technical Indicators
Recent close $48.24
30d moving avg. $47.84
Annualized volatility 15.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 42
Turnover 0.4%
Bid/Ask (% of price) 1.07%
ADV underlying (mns) $7,536

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 460 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™: 4.2%


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 22.1 30 50 5.2 +1.0
INTF iShares International Equity Factor ETF 17.5 15 65 7.3 +3.1
IDMO Invesco S&P International Developed Momentum ETF 15.7 25 55 5.8 +1.6
STXI Strive International Developed Markets ETF 15.5 29 51 6.3 +2.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.5 12 68 5.7 +1.6
IQLT iShares MSCI Intl Quality Factor ETF 15.2 30 50 6.1 +1.9
EFG iShares MSCI EAFE Growth ETF 14.7 36 44 4.1 -0.0
FDEV Fidelity International Multifactor ETF 14.7 18 62 7.4 +3.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.6 25 55 6.9 +2.7
UIVM VictoryShares International Value Momentum ETF 14.6 35 45 8.4 +4.3
IEV iShares Europe ETF 14.2 67 13 6.6 +2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.0 25 55 7.1 +3.0
VGK Vanguard FTSE Europe ETF 13.9 6 74 7.2 +3.1
IEUR iShares Core MSCI Europe ETF 13.9 11 69 7.1 +2.9
TPIF Timothy Plan International ETF 13.6 62 18 6.0 +1.8
ESGD iShares ESG Aware MSCI EAFE ETF 13.6 20 60 6.3 +2.1
SPEU SPDR Portfolio Europe ETF 13.6 7 73 7.1 +3.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 13.3 20 60 6.1 +2.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.3 46 34 6.5 +2.4
BBEU JPMorgan BetaBuilders Europe ETF 13.2 9 71 7.0 +2.8
EFA iShares MSCI EAFE ETF 13.1 35 45 6.4 +2.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 12.6 35 45 6.2 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 12.6 12 68 5.4 +1.2
FLEE Franklin FTSE Europe ETF 12.5 9 71 7.0 +2.8
BKIE BNY Mellon International Equity ETF 12.3 4 76 6.6 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 12.2 4 76 6.7 +2.5
HFXI IQ FTSE International Equity Currency Neutral ETF 12.2 20 60 6.6 +2.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.2 30 50 6.7 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.0 36 44 6.3 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 12.0 20 60 6.5 +2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.0 45 35 6.8 +2.6
VEA Vanguard FTSE Developed Markets ETF 11.9 3 77 6.8 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 11.9 3 77 6.6 +2.5
FENI Fidelity Enhanced International ETF 11.8 28 52 6.2 +2.0
EZU iShares MSCI Eurozone ETF 11.8 52 28 6.4 +2.3
CIL VictoryShares International Volatility Wtd ETF 11.8 45 35 6.4 +2.2
SCHF Schwab International Equity ETF 11.7 6 74 6.8 +2.6
IEFA iShares Core MSCI EAFE ETF 11.7 7 73 6.7 +2.5
OEFA ALPS O’Shares International Developed Quality Dividend ETF 11.6 48 32 5.3 +1.2
QINT American Century Quality Diversified International ETF 11.3 39 41 6.8 +2.7
IDHQ Invesco S&P International Developed High Quality ETF 11.2 29 51 6.3 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 11.1 24 56 6.1 +2.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 11.0 80 0 8.4 +4.2
AVSD Avantis Responsible International Equity ETF 10.9 23 57 5.1 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 10.8 34 46 5.8 +1.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.7 39 41 6.4 +2.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 10.5 32 48 5.9 +1.8
FEP First Trust Europe AlphaDEX Fund 10.5 80 0 7.9 +3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.3 29 51 7.4 +3.3
AVDE Avantis International Equity ETF 10.1 23 57 7.0 +2.9
CWI SPDR MSCI ACWI ex-US ETF 10.1 30 50 7.3 +3.2
DFAI Dimensional International Core Equity Market ETF 10.0 18 62 6.7 +2.6
FEUZ First Trust Eurozone AlphaDEX ETF 10.0 80 0 7.5 +3.3
EUFN iShares MSCI Europe Financials ETF 10.0 51 29 7.8 +3.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 10.0 20 60 6.1 +1.9
TTAI FCF International Quality ETF 9.9 59 21 7.4 +3.2
JHMD John Hancock Multifactor Developed International ETF 9.9 39 41 7.1 +3.0
JIRE JPMorgan International Research Enhanced Equity ETF 9.9 24 56 6.8 +2.7
IQSI IQ Candriam International Equity ETF 9.9 15 65 6.2 +2.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.9 58 22 6.8 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 9.8 34 46 7.3 +3.1
IQDG WisdomTree International Quality Dividend Growth Fund 9.8 42 38 6.9 +2.7
JPIN J.P. Morgan Diversified Return International Equity ETF 9.8 37 43 7.8 +3.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.5 39 41 7.5 +3.4
DIHP Dimensional International High Profitability ETF 9.4 29 51 6.6 +2.4
DIM WisdomTree International MidCap Dividend Fund 9.4 58 22 7.2 +3.0
VEU Vanguard FTSE All-World ex-US Index Fund 9.3 4 76 7.6 +3.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 9.3 24 56 7.1 +2.9
FICS First Trust International Developed Capital Strength ETF 9.2 70 10 7.3 +3.1
RFDI First Trust Riverfront Dynamic Developed International ETF 9.2 83 -3 8.9 +4.8
DOL WisdomTree International LargeCap Dividend Fund 9.1 48 32 6.8 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.1 41 39 7.1 +3.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.1 18 62 7.3 +3.1
DWM WisdomTree International Equity Fund 9.1 48 32 6.9 +2.8
EUDV ProShares MSCI Europe Dividend Growers ETF 9.1 55 25 6.1 +2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 9.0 14 66 5.9 +1.7
DIVI Franklin International Core Dividend Tilt Index ETF 9.0 9 71 7.5 +3.4
VSGX Vanguard ESG International Stock ETF 8.9 10 70 7.5 +3.3
DFIC Dimensional International Core Equity 2 ETF 8.9 23 57 7.1 +2.9
IXUS iShares Core MSCI Total International Stock ETF 8.9 7 73 7.5 +3.3
EXI iShares Global Industrials ETF 8.9 42 38 4.4 +0.2
VXUS Vanguard Total International Stock ETF 8.8 5 75 7.6 +3.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.8 40 40 7.0 +2.9
AVIV Avantis International Large Cap Value ETF 8.7 25 55 8.3 +4.1
UMMA Wahed Dow Jones Islamic World ETF 8.7 65 15 4.7 +0.6
RODE Hartford Multifactor Diversified International ETF 8.4 29 51 10.3 +6.2
FSZ First Trust Switzerland AlphaDEX Fund 8.3 80 0 6.4 +2.2
FEZ SPDR EURO STOXX 50 ETF 8.1 29 51 6.4 +2.2
CGXU Capital Group International Focus Equity ETF 8.0 54 26 5.3 +1.2
CGIE Capital Group International Equity ETF 8.0 54 26 4.9 +0.7
FIVA Fidelity International Value Factor ETF 7.8 18 62 9.1 +5.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 7.8 65 15 4.6 +0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 7.7 22 58 5.9 +1.7
EFV iShares MSCI EAFE Value ETF 7.7 34 46 8.5 +4.3
HEDJ WisdomTree Europe Hedged Equity Fund 7.7 58 22 6.4 +2.2
IVLU iShares MSCI Intl Value Factor ETF 7.6 30 50 9.6 +5.5
VYMI Vanguard International High Dividend Yield ETF 7.6 17 63 9.0 +4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.6 45 35 8.3 +4.2
EWC iShares MSCI Canada ETF 7.6 50 30 5.8 +1.6
IMOM Alpha Architect International Quantitative Momentum ETF 7.5 49 31 4.7 +0.5
JIVE JPMorgan International Value ETF 7.5 55 25 10.7 +6.5
DWMF WisdomTree International Multifactor Fund 7.5 38 42 7.1 +2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.4 58 22 6.6 +2.5
EWL iShares MSCI Switzerland ETF 7.3 50 30 6.0 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.3 42 38 6.5 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 7.3 83 -3 10.0 +5.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.1 50 30 5.8 +1.7
DXIV Dimensional International Vector Equity ETF 7.0 34 46 7.4 +3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.9 30 50 7.4 +3.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 6.7 58 22 4.4 +0.2
IXG iShares Global Financials ETF 6.7 42 38 6.5 +2.4
AVDV Avantis International Small Cap Value ETF 6.6 36 44 8.6 +4.5
FNDF Schwab Fundamental International Large Co. Index ETF 6.5 25 55 8.9 +4.7
IDLV Invesco S&P International Developed Low Volatility ETF 6.5 25 55 6.5 +2.4
JIG JPMorgan International Growth ETF 6.5 55 25 4.7 +0.5
IPKW Invesco International BuyBack Achievers ETF 6.3 55 25 8.8 +4.6
VIGI Vanguard International Dividend Appreciation ETF 6.3 10 70 6.3 +2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.2 80 0 9.3 +5.1
JHID John Hancock International High Dividend ETF 6.2 46 34 9.2 +5.0
GLOF iShares Global Equity Factor ETF 6.1 20 60 6.6 +2.5
SHLD Global X Defense Tech ETF 6.1 50 30 3.3 -0.9
VPL Vanguard FTSE Pacific ETF 6.0 7 73 6.3 +2.1
PATN Pacer Nasdaq International Patent Leaders ETF 6.0 65 15 5.3 +1.2
IPAC iShares Core MSCI Pacific ETF 5.8 9 71 6.0 +1.8
CGGO Capital Group Global Growth Equity ETF 5.8 47 33 4.4 +0.2
DTH WisdomTree International High Dividend Fund 5.7 58 22 8.0 +3.8
WWJD Inspire International ETF 5.7 80 0 7.1 +3.0
DFIV Dimensional International Value ETF 5.7 27 53 8.9 +4.8
NUDM Nuveen ESG International Developed Markets Equity ETF 5.6 31 49 5.9 +1.7
FIDI Fidelity International High Dividend ETF 5.6 18 62 8.0 +3.8
FJP First Trust Japan AlphaDEX Fund 5.5 80 0 7.9 +3.8
EWY iShares MSCI South Korea ETF 5.5 58 22 6.4 +2.3
FNDC Schwab Fundamental International Small Co. Index ETF 5.4 39 41 5.7 +1.5
PIO Invesco Global Water ETF 5.4 75 5 4.5 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.3 80 0 5.9 +1.7
VIDI Vident International Equity Strategy ETF 5.3 61 19 10.3 +6.2
JPXN iShares JPX-Nikkei 400 ETF 5.1 48 32 6.1 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.1 47 33 7.7 +3.5
PPIE Putnam PanAgora ESG International Equity ETF 5.0 49 31 7.2 +3.0
FLSW Franklin FTSE Switzerland ETF 5.0 9 71 6.1 +2.0
FLKR Franklin FTSE South Korea ETF 5.0 9 71 7.0 +2.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.0 58 22 8.4 +4.2
BKCI BNY Mellon Concentrated International ETF 4.9 80 0 5.1 +0.9
WLDR Affinity World Leaders Equity ETF 4.9 67 13 7.1 +3.0
KNO AXS Knowledge Leaders ETF 4.9 78 2 5.6 +1.5
EWJ iShares MSCI Japan ETF 4.9 50 30 5.5 +1.3
BBCA JPMorgan BetaBuilders Canada ETF 4.8 19 61 6.1 +2.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 4.8 25 55 6.1 +1.9
IEUS iShares MSCI Europe Small-Cap ETF 4.8 42 38 7.3 +3.1
DGT State Street SPDR Global Dow ETF 4.7 50 30 6.6 +2.4
NATO Themes Transatlantic Defense ETF 4.7 35 45 2.3 -1.9
FLJP Franklin FTSE Japan ETF 4.6 9 71 5.7 +1.6
FLJH Franklin FTSE Japan Hedged ETF 4.6 9 71 5.7 +1.5
VWID Virtus WMC International Dividend ETF 4.6 49 31 8.0 +3.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.5 49 31 6.8 +2.6
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 33 8.4 +4.2
FKU First Trust United Kingdom AlphaDEX Fund 4.5 80 0 7.6 +3.5
BBJP JPMorgan BetaBuilders Japan ETF 4.5 19 61 6.0 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.5 12 68 4.9 +0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 4.5 47 33 5.6 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 4.5 30 50 5.7 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 4.4 29 51 7.5 +3.4
OSEA Harbor International Compounders ETF 4.4 55 25 4.8 +0.7
OAIM OneAscent International Equity ETF 4.3 95 -15 5.4 +1.2
IGRO iShares International Dividend Growth ETF 4.3 15 65 6.9 +2.8
TBLU Tortoise Global Water ESG ETF 4.2 40 40 4.6 +0.5
GDFN Tema International Defense Innov ETF 4.2 75 5 3.3 -0.9
EWN iShares MSCI Netherlands ETF 4.1 50 30 5.3 +1.2
ESGG FlexShares STOXX Global ESG Select Index Fund 4.1 42 38 5.2 +1.1
RING iShares MSCI Global Gold Miners ETF 4.1 39 41 4.0 -0.2
DFIS Dimensional International Small Cap ETF 4.0 39 41 7.0 +2.8
DEW WisdomTree Global High Dividend Fund 4.0 58 22 8.2 +4.0
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 32 6.6 +2.5
FGM First Trust Germany AlphaDEX Fund 3.9 80 0 6.8 +2.7
FEOE First Eagle Overseas Equity ETF 3.9 79 1 6.8 +2.7
KLMT Invesco MSCI Global Climate 500 ETF 3.9 10 70 5.6 +1.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 3.8 60 20 4.0 -0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.8 25 55 6.0 +1.9
URTH iShares MSCI World ETF 3.8 24 56 4.9 +0.8
EWI iShares MSCI Italy ETF 3.7 50 30 10.8 +6.6
INEQ Columbia International Equity Income ETF 3.7 45 35 7.6 +3.4
FLCA Franklin FTSE Canada ETF 3.7 9 71 6.2 +2.1
ISRA VanEck Israel ETF 3.7 59 21 7.0 +2.8
ITOL Tema International Durable Quality ETF 3.6 60 20 5.7 +1.5
FLGB Franklin FTSE United Kingdom ETF 3.6 9 71 7.3 +3.1
EWG iShares MSCI Germany ETF 3.6 50 30 6.6 +2.4
GEW Cambria Global EW ETF 3.6 29 51 5.9 +1.7
FDTX Fidelity Disruptive Technology ETF 3.6 50 30 2.6 -1.6
FLGR Franklin FTSE Germany ETF 3.6 9 71 7.2 +3.0
IBOT Vaneck Robotics ETF 3.6 47 33 3.9 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.6 9 71 5.5 +1.3
JADE JPMorgan Active Developing Markets Equity ETF 3.6 65 15 7.7 +3.5
SLVP iShares MSCI Global Silver Miners ETF 3.5 39 41 4.8 +0.6
TOK iShares MSCI Kokusai ETF 3.5 26 54 4.9 +0.7
ACWI iShares MSCI ACWI ETF 3.5 32 48 5.3 +1.2
EWU iShares MSCI United Kingdom ETF 3.4 50 30 7.8 +3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 60 5.3 +1.2
CGW Invesco S&P Global Water Index ETF 3.4 57 23 4.7 +0.6
KOKU Xtrackers MSCI Kokusai Equity ETF 3.4 9 71 5.1 +0.9
IVES Wedbush ETFMG Global Cloud Technology ETF 3.4 68 12 5.9 +1.8
GOEX Global X Gold Explorers ETF 3.3 65 15 2.4 -1.8
DAX Global X DAX Germany ETF 3.3 21 59 7.0 +2.9
ISCF iShares International SmallCap Equity Factor ETF 3.3 23 57 8.1 +3.9
JSTC Adasina Social Justice All Cap Global ETF 3.3 89 -9 4.8 +0.6
VT Vanguard Total World Stock ETF 3.2 6 74 5.7 +1.6
SCHC Schwab International Small-Cap Equity ETF 3.2 11 69 7.3 +3.1
KOCG FIS Knights of Columbus Global Belief ETF 3.1 75 5 4.9 +0.8
FEGE First Eagle Global Equity ETF 3.1 79 1 6.5 +2.3
CZAR Themes Natural Monopoly ETF 3.1 35 45 5.5 +1.4
MOTI VanEck Morningstar International Moat ETF 3.1 58 22 10.5 +6.4
AUMI Themes Gold Miners ETF 3.1 35 45 3.5 -0.6
IXN iShares Global Tech ETF 3.1 41 39 3.5 -0.7
EPP iShares MSCI Pacific ex-Japan ETF 3.1 47 33 5.2 +1.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.1 65 15 10.6 +6.5
JGLO JPMorgan Global Select Equity ETF 3.0 33 47 5.0 +0.8
EIS iShares MSCI Israel ETF 3.0 58 22 7.6 +3.5
EDEN iShares MSCI Denmark ETF 3.0 53 27 6.2 +2.1
SGDM Sprott Gold Miners ETF 3.0 50 30 2.9 -1.3
BLES Inspire Global Hope ETF 3.0 61 19 6.8 +2.6
TINY ProShares Nanotechnology ETF 2.9 58 22 3.5 -0.6
LOUP Innovator Deepwater Frontier Tech ETF 2.9 70 10 1.0 -3.2
SCZ iShares MSCI EAFE Small-Cap ETF 2.9 40 40 6.8 +2.6
AIVC Amplify Bloomberg AI Value Chain ETF 2.9 59 21 5.7 +1.5
RCGE RockCreek Global Equality ETF 2.9 95 -15 6.6 +2.5
SNSR Global X Internet of Things ETF 2.9 68 12 4.6 +0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.9 9 71 8.9 +4.8
RAYJ Rayliant SMDAM Japan Equity ETF 2.8 72 8 3.5 -0.6
RAYD Rayliant Quantitative Developed Market Equity ETF 2.8 80 0 4.5 +0.3
NANR SPDR S&P North American Natural Resources ETF 2.8 35 45 7.9 +3.8
AVDS Avantis International Small Cap Equity ETF 2.8 30 50 6.6 +2.5
NUKZ Range Nuclear Renaissance Index ETF 2.7 85 -5 1.2 -3.0
AIVI WisdomTree International AI Enhanced Value Fund 2.7 58 22 6.7 +2.6
EWS iShares MSCI Singapore ETF 2.7 50 30 4.5 +0.3
SAGP Strategas Global Policy Opportunities ETF 2.6 65 15 5.5 +1.4
PBD Invesco Global Clean Energy ETF 2.6 75 5 0.8 -3.4
EWP iShares MSCI Spain ETF 2.6 50 30 6.7 +2.5
BOTZ Global X Robotics & Artificial Intelligence ETF 2.5 69 11 2.0 -2.2
IBAT iShares Energy Storage & Materials ETF 2.5 47 33 2.6 -1.6
IDRV iShares Self-driving EV & Tech ETF 2.5 47 33 3.2 -0.9
SHPP Pacer Industrials and Logistics ETF 2.5 60 20 8.3 +4.1
RSHO Tema American Reshoring ETF 2.5 75 5 4.6 +0.4
VOLT Tema Electrification ETF 2.5 75 5 3.6 -0.6
EWUS iShares MSCI United Kingdom Small Cap ETF 2.5 59 21 7.7 +3.6
IOO iShares Global 100 ETF 2.5 41 39 4.6 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 72 7.1 +2.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.5 45 35 1.7 -2.4
IDV iShares International Select Dividend ETF 2.3 51 29 10.3 +6.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 2.3 19 61 5.5 +1.3
EFNL iShares MSCI Finland ETF 2.3 56 24 6.3 +2.2
GREK Global X MSCI Greece ETF 2.3 57 23 10.8 +6.6
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 14 11.6 +7.4
CRTC Xtrackers US National Critical Technologies ETF 2.2 35 45 4.7 +0.6
IPAV Global X Infrastructure Development ex-U.S. ETF 2.2 55 25 6.5 +2.4
AVES Avantis Emerging Markets Value ETF 2.2 36 44 10.5 +6.4
EWD iShares MSCI Sweden ETF 2.2 54 26 5.2 +1.0
FDD First Trust Stoxx European Select Dividend Index Fund 2.2 58 22 11.0 +6.8
HYP Golden Eagle Dynamic Hypergrowth ETF 2.2 85 -5 -1.2 -5.3
IGF iShares Global Infrastructure ETF 2.2 41 39 4.6 +0.5
GII SPDR S&P Global Infrastructure ETF 2.2 40 40 4.6 +0.5
LVHI Franklin International Low Volatility High Dividend Index ET 2.2 40 40 10.1 +6.0
TEMP JPMorgan Climate Change Solutions ETF 2.1 49 31 5.8 +1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.1 70 10 3.9 -0.3
HART IQ Healthy Hearts ETF 2.1 45 35 6.1 +1.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.1 65 15 7.9 +3.8
DTAN Sparkline International Intangible Value ETF 2.0 55 25 8.1 +4.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.0 85 -5 3.4 -0.8
BCDF Horizon Kinetics Blockchain Development ETF 2.0 85 -5 4.3 +0.1
EWA iShares MSCI Australia ETF 2.0 50 30 5.8 +1.7
SCHY Schwab International Dividend Equity ETF 1.9 14 66 9.6 +5.5
GLBL Pacer MSCI World Industry Advantage ETF 1.9 65 15 4.1 -0.1
FLAU Franklin FTSE Australia ETF 1.9 9 71 6.3 +2.1
JETS U.S. Global Jets ETF 1.9 60 20 2.7 -1.5
FTHF First Trust Emerging Markets Human Flourishing ETF 1.8 75 5 9.1 +5.0
EIRL iShares MSCI Ireland ETF 1.8 50 30 7.9 +3.8
GDX VanEck Gold Miners ETF 1.8 51 29 3.6 -0.6
QTUM Defiance Quantum ETF 1.8 40 40 5.0 +0.8
DLS WisdomTree International SmallCap Dividend Fund 1.7 58 22 7.9 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 10 8.4 +4.2
IXJ iShares Global Healthcare ETF 1.7 42 38 6.7 +2.5
URA Global X Uranium ETF 1.7 69 11 1.1 -3.1
FYLD Cambria Foreign Shareholder Yield ETF 1.7 59 21 11.1 +7.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.7 33 47 9.4 +5.2
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 28 8.8 +4.7
EBLU Ecofin Global Water ESG Fund 1.6 40 40 4.5 +0.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 60 5.7 +1.5
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 20 7.7 +3.5
XT iShares Exponential Technologies ETF 1.6 46 34 4.5 +0.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 39 6.4 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 35 9.6 +5.5
AVEM Avantis Emerging Markets Equity ETF 1.5 33 47 8.1 +4.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 55 6.9 +2.7
DIVS SmartETFs Dividend Builder ETF 1.5 65 15 5.0 +0.9
GDOC Goldman Sachs Future Health Care Equity ETF 1.5 75 5 2.6 -1.5
PCGG Polen Capital Global Growth ETF 1.5 85 -5 4.2 +0.0
AGNG Global X Aging Population ETF 1.5 50 30 4.5 +0.4
HRTS Tema Heart & Health ETF 1.5 75 5 2.2 -1.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 48 6.3 +2.2
RXI iShares Global Consumer Discretionary ETF 1.5 41 39 8.3 +4.1
CGDG Capital Group Dividend Growers ETF 1.5 47 33 6.0 +1.8
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 61 8.4 +4.3
STXE Strive Emerging Markets Ex-China ETF 1.4 32 48 7.4 +3.3
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 12 3.5 -0.6
WDIV SPDR S&P Global Dividend ETF 1.4 40 40 8.9 +4.8
AKAF The Frontier Economic Fund 1.4 20 60 6.3 +2.2
EMM Global X Emerging Markets ex-China ETF 1.4 75 5 6.8 +2.6
DFE WisdomTree Europe SmallCap Dividend Fund 1.3 58 22 8.0 +3.8
PID Invesco International Dividend Achievers ETF 1.3 53 27 5.1 +1.0
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.3 49 31 9.2 +5.0
GSIB Themes Global Systemically Important Banks ETF 1.3 35 45 8.9 +4.8
IQRA IQ CBRE Real Assets ETF 1.3 65 15 5.7 +1.6
FDHT Fidelity Digital Health ETF 1.3 39 41 1.5 -2.7
HEAL Global X HealthTech ETF 1.3 50 30 -1.6 -5.8
GVAL Cambria Global Value ETF 1.3 68 12 10.5 +6.3
SILJ ETFMG Prime Junior Silver Miners ETF 1.2 69 11 0.6 -3.6
AGMI Themes Silver Miners ETF 1.2 35 45 4.2 +0.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.2 79 1 7.7 +3.6
AIA iShares Asia 50 ETF 1.2 50 30 12.6 +8.5
FTWO Strive FAANG 2.0 ETF 1.2 49 31 4.4 +0.2
GDXJ VanEck Junior Gold Miners ETF 1.2 52 28 3.5 -0.7
RGEF Rockefeller Global Equity ETF 1.2 55 25 4.6 +0.4
FPXI First Trust International Equity Opportunities ETF 1.2 70 10 4.4 +0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 50 9.6 +5.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.2 68 12 6.4 +2.3
MXI iShares Global Materials ETF 1.2 41 39 7.2 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 50 30 10.2 +6.1
AZTD Aztlan Global Stock Selection DM SMID ETF 1.2 75 5 6.4 +2.2
FAN First Trust Global Wind Energy ETF 1.1 60 20 4.3 +0.1
FFTY Innovator IBD 50 ETF 1.1 80 0 -1.9 -6.1
EMXF iShares ESG Advanced MSCI EM ETF 1.1 16 64 7.9 +3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.1 46 34 5.7 +1.5
EEM iShares MSCI Emerging Markets ETF 1.1 69 11 9.5 +5.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 31 9.2 +5.0
JEDI Defiance Drone and Modern Warfare ETF 1.1 69 11 1.6 -2.5
WRND IQ Global Equity R&D Leaders ETF 1.1 18 62 7.5 +3.4
IVAL Alpha Architect International Quantitative Value ETF 1.1 49 31 10.0 +5.8
LDEM iShares ESG MSCI EM Leaders ETF 1.1 17 63 12.8 +8.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 14 9.0 +4.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 44 9.1 +5.0
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 55 10.8 +6.6
NXTG First Trust Indxx NextG ETF 1.1 70 10 4.8 +0.7
EWJV iShares MSCI Japan Value ETF 1.1 15 65 7.8 +3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 21 3.9 -0.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.1 11 69 9.2 +5.1
BULD Pacer BlueStar Engineering the Future ETF 1.0 60 20 0.4 -3.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -15 11.7 +7.6
XCEM Columbia EM Core ex-China ETF 1.0 16 64 7.6 +3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 65 9.5 +5.4
DISV Dimensional International Small Cap Value ETF 1.0 42 38 8.9 +4.7
IQM Franklin Intelligent Machines ETF 1.0 50 30 2.0 -2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 36 10.3 +6.2
GNR SPDR S&P Global Natural Resources ETF 1.0 40 40 10.3 +6.1
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 25 7.6 +3.4
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 71 9.8 +5.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 41 8.3 +4.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -8 8.8 +4.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 39 8.1 +4.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 27 7.2 +3.0
ECON Columbia Emerging Markets Consumer ETF 0.9 49 31 11.5 +7.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.9 33 47 7.9 +3.8
KNCT Invesco Next Gen Connectivity ETF 0.8 40 40 4.6 +0.4
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 45 8.6 +4.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 42 8.6 +4.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.8 48 32 6.9 +2.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 21 8.4 +4.3
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 55 9.7 +5.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 31 9.4 +5.2
XC WisdomTree Emerging Markets Ex-China Fund 0.8 32 48 5.7 +1.5
JDOC JPMorgan Healthcare Leaders ETF 0.7 65 15 3.8 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.7 30 50 8.4 +4.3
EIPI FT Energy Income Partners Enhanced Income ETF 0.7 110 -30 6.8 +2.7
EIPX FT Energy Income Partners Strategy ETF 0.7 95 -15 7.9 +3.7
ASEA Global X FTSE Southeast Asia ETF 0.7 65 15 6.1 +2.0
DVYA iShares Asia/Pacific Dividend ETF 0.7 49 31 7.3 +3.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 15 1.9 -2.3
TRFK Pacer Data and Digital Revolution ETF 0.7 60 20 3.0 -1.1
KXI iShares Global Consumer Staples ETF 0.7 41 39 5.7 +1.6
BLLD JPMorgan Sustainable Infrastructure ETF 0.7 49 31 5.9 +1.8
TOLL Tema Durable Quality ETF 0.7 75 5 5.1 +0.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.7 75 5 2.9 -1.2
ARTY iShares Future AI & Tech ETF 0.7 47 33 3.5 -0.6
DARP Grizzle Growth ETF 0.7 75 5 2.7 -1.4
GINX SGI Enhanced Global Income ETF 0.7 98 -18 7.9 +3.8
KLMN Invesco MSCI North America Climate ETF 0.7 9 71 5.0 +0.8
ITEQ BlueStar Israel Technology ETF 0.7 75 5 1.7 -2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 44 7.2 +3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 7.6 +3.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 9.0 +4.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 24 10.6 +6.4
EFAS Global X MSCI SuperDividend EAFE ETF 0.6 57 23 8.4 +4.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.6 29 51 7.9 +3.8
VFVA Vanguard U.S. Value Factor ETF 0.6 13 67 10.6 +6.4
ARGT Global X MSCI Argentina ETF 0.6 59 21 3.5 -0.6
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 -1 5.2 +1.1
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.6 60 20 3.0 -1.2
LST Leuthold Select Industries ETF 0.6 91 -11 5.7 +1.6
GPT Intelligent Alpha Atlas ETF 0.6 69 11 5.8 +1.6
EWK iShares MSCI Belgium ETF 0.6 50 30 4.3 +0.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.6 60 20 10.8 +6.6
SIL Global X Silver Miners ETF 0.6 65 15 2.2 -2.0
ICLN iShares Global Clean Energy ETF 0.6 41 39 3.1 -1.0
PEX ProShares Global Listed Private Equity ETF 0.6 81 -1 11.1 +6.9
PSP Invesco Global Listed Private Equity ETF 0.6 106 -26 6.1 +2.0
AAUM Tema Alternative Asset Managers ETF 0.6 99 -19 3.4 -0.8
COPA Themes Copper Miners ETF 0.6 35 45 4.4 +0.2
DFEV Dimensional Emerging Markets Value ETF 0.6 43 37 11.7 +7.6
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 7.2 +3.1
CLNR IQ Cleaner Transport ETF 0.5 45 35 5.2 +1.0
OCEN IQ Clean Oceans ETF 0.5 45 35 5.3 +1.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 5.0 +0.8
EWQ iShares MSCI France ETF 0.5 53 27 6.8 +2.6
AIS VistaShares Artificial Intelligence Supercycle ETF 0.5 75 5 2.7 -1.5
POW VistaShares Electrification Supercycle ETF 0.5 75 5 3.4 -0.7
DTEC ALPS Disruptive Technologies ETF 0.5 50 30 3.6 -0.5
EWO iShares MSCI Austria ETF 0.5 50 30 9.1 +5.0
COPY Tweedy, Browne Insider + Value ETF 0.5 80 0 11.6 +7.4
ICPY Tweedy, Browne International Insider Value ETF 0.5 80 0 11.4 +7.2
IXC iShares Global Energy ETF 0.5 44 36 9.9 +5.7
DINT Davis Select International ETF 0.5 55 25 7.7 +3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 48 8.5 +4.3
FDNI First Trust Dow Jones International Internet ETF 0.5 65 15 23.0 +18.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 5.4 +1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.5 70 10 12.3 +8.1
FINX Global X FinTech ETF 0.5 68 12 3.0 -1.2
BINV Brandes International ETF 0.5 70 10 9.3 +5.1
GVLU Gotham 1000 Value ETF 0.5 50 30 9.0 +4.8
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 5 8.6 +4.5
CGV Conductor Global Equity Value ETF 0.5 130 -50 7.7 +3.6
BJK VanEck Gaming ETF 0.5 65 15 4.0 -0.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 38 9.3 +5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 65 7.4 +3.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 55 6.3 +2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 47 7.8 +3.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 56 7.3 +3.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.4 75 5 10.0 +5.9
GINN Goldman Sachs Innovate Equity ETF 0.4 52 28 3.6 -0.5
IGPT Invesco AI and Next Gen Software ETF 0.4 60 20 4.3 +0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.8 +1.7
SCHE Schwab Emerging Markets Equity ETF 0.3 11 69 10.6 +6.4
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 73 10.2 +6.0
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 6.4 +2.3
RVRB Reverb ETF 0.3 30 50 4.5 +0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 0 10.6 +6.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 65 7.2 +3.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 10 7.5 +3.4
HAP VanEck Natural Resources ETF 0.2 50 30 8.8 +4.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 41 4.9 +0.8
GXC SPDR S & P China ETF 0.2 59 21 15.9 +11.8
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 20 4.9 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 73 10.4 +6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.7 -0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 15.5 +11.4
FLCH Franklin FTSE China ETF 0.1 19 61 15.4 +11.3
CGGR Capital Group Growth ETF 0.1 39 41 3.4 -0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 5.1 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 31 9.4 +5.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 22 9.5 +5.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 55 12.2 +8.1
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 36 11.2 +7.1
FBCG Fidelity Blue Chip Growth ETF 0.1 59 21 2.8 -1.3
GWX SPDR S&P International Small Cap ETF 0.0 40 40 6.5 +2.3

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 16.3 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.