FlexShares Emerging Markets Quality Low Volatility Index Fund
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.1x P/Sales
ratio		 2.3x
P/BV
ratio		 1.8x Div.
yield		 3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares Emerging Markets Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from emerging markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Jul 15, 2019
Assets (mns) $17
Currency USD
Expense ratio 40 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 166
Wgt avg mkt cap (mns) $250,539
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 0.0%
Developed mkts 3.0%
Emerging mkts 96.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 15.2 %
SAMSUNG ELECTRONICS CO LTD 8.1 %
INTERNATIONAL HOLDINGS COMPANY PJS 3.8 %
TENCENT HOLDINGS LTD 2.3 %
SAMSUNG ELECTRONICS-PFD 1.9 %
HYNIX SEMICONDUCTOR INC 1.7 %
HDFC BANK LIMITED 1.3 %
UNITED MICROELECTRONICS CORP 1.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.1 %
INFOSYS TECHNOLOGIES LTD 1.1 %
Total 37.9 %

TOP COUNTRY EXPOSURE
TAIWAN 25.6 %
SOUTH KOREA 17.0 %
INDIA 15.7 %
CHINA 11.6 %
UAE 5.3 %
MALAYSIA 4.2 %
BRAZIL 4.1 %
SAUDI ARABIA 3.3 %
THAILAND 2.4 %
QATAR 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.1% 22.0% 7.5% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.07 50%
MSCI EAFE 0.87 50%
MSCI Emg. Mkts. 0.73 84%

Technical Indicators
Recent close $33.62
30d moving avg. $33.17
Annualized volatility 11.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $6,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 357 potential alternatives to the FlexShares Emerging Markets Quality Low Volatility Index Fund ETF based on the alternatives' overlap in portfolio holdings with QLVE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QLVE Expense: 40 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QLVE
Ticker Fund
Name		 Overlap1
vs QLVE
(%)		 Expense
ratio
(bp)		 Savings
vs QLVE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs QLVE
(%)
BKEM BNY Mellon Emerging Markets Equity ETF 40.0 11 29 24.0 +17.9
FLAX Franklin FTSE Asia Ex Japan ETF 39.8 19 21 7.1 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 39.7 24 16 5.2 -1.0
FDEM Fidelity Emerging Markets Multifactor ETF 39.6 25 15 10.4 +4.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 39.4 30 10 7.9 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 39.3 36 4 7.5 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 39.0 45 -5 8.0 +1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 39.0 66 -26 7.3 +1.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 38.8 69 -29 7.6 +1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.8 70 -30 6.9 +0.7
EEM iShares MSCI Emerging Markets ETF 38.7 69 -29 7.8 +1.6
ESGE iShares ESG Aware MSCI EM ETF 37.9 25 15 8.2 +2.1
EMXC iShares MSCI Emerging Markets ex China ETF 37.9 25 15 5.1 -1.1
STXE Strive Emerging Markets Ex-China ETF 37.8 32 8 5.2 -0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 37.6 32 8 4.7 -1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 37.6 88 -48 8.4 +2.2
AIA iShares Asia 50 ETF 36.2 50 -10 7.6 +1.4
JADE JPMorgan Active Developing Markets Equity ETF 36.0 65 -25 5.9 -0.2
EEMA iShares MSCI Emerging Markets Asia ETF 35.9 49 -9 7.5 +1.3
XCEM Columbia EM Core ex-China ETF 35.4 16 24 5.0 -1.2
IEMG iShares Core MSCI Emerging Markets ETF 34.9 9 31 8.2 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.7 32 8 7.5 +1.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 34.6 33 7 6.7 +0.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 34.5 25 15 6.0 -0.1
EMGF iShares Emerging Markets Equity Factor ETF 32.6 25 15 8.9 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 32.1 35 5 7.0 +0.8
JIVE JPMorgan International Value ETF 31.5 55 -15 7.9 +1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 31.4 30 10 7.5 +1.3
MEM Matthews Emerging Markets Equity Active ETF 31.1 79 -39 8.4 +2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 31.0 15 25 8.8 +2.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 31.0 75 -35 6.3 +0.2
JHEM John Hancock Multifactor Emerging Markets ETF 30.1 49 -9 7.5 +1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 30.0 48 -8 8.6 +2.4
SCHE Schwab Emerging Markets Equity ETF 29.6 11 29 9.3 +3.1
VWO Vanguard FTSE Emerging Markets ETF 29.5 7 33 9.0 +2.9
VEXC Vanguard Emerging Markets Ex-China ETF 28.3 7 33 5.6 -0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 28.3 36 4 5.9 -0.2
ECON Columbia Emerging Markets Consumer ETF 27.8 49 -9 6.6 +0.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 27.7 59 -19 8.5 +2.4
SPEM SPDR Portfolio Emerging Markets ETF 27.3 7 33 9.4 +3.2
XCNY SPDR S&P Emerging Markets ex-China ETF 27.1 15 25 5.6 -0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 25.9 38 2 7.0 +0.9
EMM Global X Emerging Markets ex-China ETF 24.5 75 -35 4.7 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 24.2 44 -4 7.5 +1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 24.1 49 -9 13.1 +6.9
DEHP Dimensional Emerging Markets High Profitability ETF 24.1 41 -1 4.8 -1.3
FTHF First Trust Emerging Markets Human Flourishing ETF 23.8 75 -35 5.8 -0.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.7 53 -13 5.1 -1.0
EWT iShares MSCI Taiwan ETF 23.6 58 -18 2.9 -3.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.4 95 -55 9.7 +3.5
PATN Pacer Nasdaq International Patent Leaders ETF 22.9 65 -25 4.0 -2.1
FLTW Franklin FTSE Taiwan ETF 22.8 19 21 3.3 -2.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.4 41 -1 6.9 +0.7
EMXF iShares ESG Advanced MSCI EM ETF 22.1 16 24 6.6 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.4 39 1 13.3 +7.2
RNEM First Trust Emerging Markets Equity Select ETF 20.7 75 -35 7.7 +1.6
KNCT Invesco Next Gen Connectivity ETF 20.5 40 0 2.9 -3.2
EMC Global X Emerging Markets Great Consumer ETF 20.1 75 -35 7.1 +0.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 19.5 35 5 9.9 +3.8
AVEM Avantis Emerging Markets Equity ETF 19.2 33 7 7.0 +0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.2 29 11 8.7 +2.5
GMF SPDR S&P Emerging Asia Pacific ETF 19.0 49 -9 8.5 +2.4
LDEM iShares ESG MSCI EM Leaders ETF 18.4 17 23 12.5 +6.4
MINV Matthews Asia Innovators Active ETF 18.4 79 -39 5.5 -0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.1 44 -4 9.3 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 16.9 50 -10 8.2 +2.0
BKF iShares MSCI BIC ETF 15.8 69 -29 14.4 +8.2
AVSE Avantis Responsible Emerging Markets Equity ETF 15.6 33 7 6.6 +0.5
FRDM Freedom 100 Emerging Markets ETF 15.5 49 -9 5.4 -0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.2 18 22 6.2 +0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 15.2 29 11 6.8 +0.6
CGXU Capital Group International Focus Equity ETF 15.1 54 -14 3.7 -2.4
IQDF FlexShares International Quality Dividend Index Fund 15.0 47 -7 7.3 +1.1
FLKR Franklin FTSE South Korea ETF 14.7 9 31 4.3 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 14.7 34 6 6.2 +0.1
VSGX Vanguard ESG International Stock ETF 14.5 10 30 6.4 +0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.3 42 -2 4.0 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.3 41 -1 5.8 -0.3
JIG JPMorgan International Growth ETF 14.1 55 -15 3.6 -2.6
EWY iShares MSCI South Korea ETF 13.6 58 -18 3.4 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 13.6 4 36 6.5 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.1 47 -7 7.0 +0.8
FLIN Franklin FTSE India ETF 13.0 19 21 4.0 -2.2
IXUS iShares Core MSCI Total International Stock ETF 12.9 7 33 6.4 +0.3
INDA iShares MSCI India ETF 12.9 65 -25 4.4 -1.7
VXUS Vanguard Total International Stock ETF 12.8 5 35 6.5 +0.3
DFEV Dimensional Emerging Markets Value ETF 12.7 43 -3 9.4 +3.2
XC WisdomTree Emerging Markets Ex-China Fund 11.8 32 8 6.3 +0.2
IXN iShares Global Tech ETF 11.7 41 -1 2.6 -3.6
FRGN Horizon International Equity ETF 11.7 75 -35 7.7 +1.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.4 45 -5 9.4 +3.3
DEM WisdomTree Emerging Markets High Dividend Fund 11.3 63 -23 10.2 +4.0
DOL WisdomTree International LargeCap Dividend Fund 11.1 48 -8 5.4 -0.7
EPI WisdomTree India Earnings Fund 10.6 85 -45 5.0 -1.2
EDIV SPDR S&P Emerging Markets Dividend ETF 10.3 49 -9 8.8 +2.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.2 33 7 6.1 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 10.2 34 6 5.1 -1.1
ACWV iShares MSCI Global Min Vol Factor ETF 10.1 20 20 5.6 -0.6
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.9 80 -40 4.8 -1.4
VPL Vanguard FTSE Pacific ETF 9.9 7 33 5.1 -1.0
NXTG First Trust Indxx NextG ETF 9.5 70 -30 3.5 -2.7
UMMA Wahed Dow Jones Islamic World ETF 9.5 65 -25 3.5 -2.6
INDY iShares India 50 ETF 9.4 89 -49 5.1 -1.0
DVYE iShares Emerging Markets Dividend ETF 9.4 49 -9 17.6 +11.4
AIQ Global X Artificial Intelligence & Technology ETF 9.4 68 -28 2.7 -3.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 9.3 60 -20 8.7 +2.5
OAIM OneAscent International Equity ETF 8.8 95 -55 4.5 -1.7
DINT Davis Select International ETF 8.2 55 -15 5.8 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.2 45 -5 6.6 +0.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.7 90 -50 3.6 -2.5
FMET Fidelity Metaverse ETF 7.6 39 1 4.2 -1.9
MCHI iShares MSCI China ETF 7.4 59 -19 20.0 +13.8
FLCH Franklin FTSE China ETF 7.4 19 21 17.8 +11.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.4 80 -40 7.5 +1.3
GXC SPDR S & P China ETF 7.3 59 -19 18.7 +12.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.2 30 10 6.3 +0.1
AGIX KraneShares Artificial Intelligence and Technology ETF 7.0 99 -59 1.1 -5.1
AIVC Amplify Bloomberg AI Value Chain ETF 7.0 59 -19 3.4 -2.7
AQLT iShares MSCI Global Quality Factor ETF 6.9 18 22 0.0 -6.2
CHAT Roundhill Generative AI & Technology ETF 6.9 75 -35 4.1 -2.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.7 45 -5 1.9 -4.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.7 67 -27 12.2 +6.0
FBOT Fidelity Disruptive Automation ETF 6.6 50 -10 2.8 -3.4
HFXI IQ FTSE International Equity Currency Neutral ETF 6.6 20 20 5.5 -0.7
ARTY iShares Future AI & Tech ETF 6.6 47 -7 2.4 -3.8
KLMT Invesco MSCI Global Climate 500 ETF 6.5 10 30 4.8 -1.4
FXI iShares China Large-Cap ETF 6.5 74 -34 20.4 +14.2
CWI SPDR MSCI ACWI ex-US ETF 6.5 30 10 6.3 +0.1
WRND IQ Global Equity R&D Leaders ETF 6.3 18 22 3.9 -2.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.2 70 -30 9.2 +3.1
DWLD Davis Select Worldwide ETF 6.2 63 -23 6.5 +0.3
CGGO Capital Group Global Growth Equity ETF 5.9 47 -7 3.9 -2.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.8 65 -25 7.1 +0.9
PIEL Pacer International Export Leaders ETF 5.7 60 -20 4.0 -2.2
AGQI First Trust Active Global Quality Income ETF 5.7 85 -45 6.1 -0.0
VYMI Vanguard International High Dividend Yield ETF 5.7 17 23 7.7 +1.5
AVES Avantis Emerging Markets Value ETF 5.6 36 4 9.0 +2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.6 20 20 4.6 -1.6
SCHY Schwab International Dividend Equity ETF 5.6 14 26 8.1 +2.0
ACWI iShares MSCI ACWI ETF 5.5 32 8 4.5 -1.6
JCHI JPMorgan Active China ETF 5.5 65 -25 15.1 +8.9
FNDF Schwab Fundamental International Large Co. Index ETF 5.4 25 15 7.2 +1.0
CLNR IQ Cleaner Transport ETF 5.2 45 -5 4.0 -2.2
SCHF Schwab International Equity ETF 5.2 6 34 5.8 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 5.0 80 -40 8.8 +2.7
INCO Columbia India Consumer ETF 5.0 75 -35 2.0 -4.2
VIDI Vident International Equity Strategy ETF 4.9 61 -21 8.2 +2.0
VEA Vanguard FTSE Developed Markets ETF 4.9 3 37 5.8 -0.4
VT Vanguard Total World Stock ETF 4.8 6 34 4.9 -1.3
CARZ First Trust NASDAQ Global Auto Index Fund 4.8 70 -30 2.4 -3.8
JSTC Adasina Social Justice All Cap Global ETF 4.8 89 -49 4.2 -2.0
DWX SPDR S&P International Dividend ETF 4.8 45 -5 6.6 +0.4
GLOF iShares Global Equity Factor ETF 4.7 20 20 5.4 -0.7
NDIA Global X India Active ETF 4.7 75 -35 4.9 -1.2
RGEF Rockefeller Global Equity ETF 4.5 55 -15 3.7 -2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.4 12 28 4.3 -1.8
MOTI VanEck Morningstar International Moat ETF 4.4 58 -18 9.6 +3.4
ABLG Abacus FCF International Leaders ETF 4.3 59 -19 6.5 +0.4
ANEW ProShares MSCI Transformational Changes ETF 4.3 45 -5 4.2 -1.9
EYLD Cambria Emerging Shareholder Yield ETF 4.3 66 -26 9.0 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 4.2 52 -12 7.5 +1.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.1 78 -38 9.2 +3.1
TINY ProShares Nanotechnology ETF 4.1 58 -18 1.3 -4.8
ASEA Global X FTSE Southeast Asia ETF 4.1 65 -25 5.1 -1.1
AIS VistaShares Artificial Intelligence Supercycle ETF 4.0 75 -35 1.0 -5.2
DTCR Global X Data Center & Digital Infrastructure ETF 3.9 50 -10 3.4 -2.7
IGRO iShares International Dividend Growth ETF 3.9 15 25 6.5 +0.3
EWZ iShares MSCI Brazil ETF 3.9 58 -18 10.6 +4.5
EWM iShares MSCI Malaysia ETF 3.9 50 -10 6.4 +0.3
FLLA Franklin FTSE Latin America ETF 3.9 19 21 10.6 +4.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 -20 6.4 +0.3
CGRO CoreValues Alpha Greater China Growth ETF 3.8 75 -35 5.0 -1.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.8 48 -8 2.4 -3.8
FLBR Franklin FTSE Brazil ETF 3.7 19 21 11.9 +5.7
FEOE First Eagle Overseas Equity ETF 3.7 79 -39 5.9 -0.3
DGT State Street SPDR Global Dow ETF 3.6 50 -10 5.5 -0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.6 86 -46 12.3 +6.2
XT iShares Exponential Technologies ETF 3.5 46 -6 3.9 -2.3
METV Roundhill Ball Metaverse ETF 3.5 59 -19 7.9 +1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.5 80 -40 6.9 +0.7
GVAL Cambria Global Value ETF 3.3 68 -28 8.3 +2.2
FLSA Franklin FTSE Saudi Arabia ETF 3.2 39 1 0.0 -6.2
PIN Invesco India ETF 3.2 78 -38 5.4 -0.8
GKAT Scharf Global Opportunity ETF 3.2 57 -17 5.7 -0.5
MCH Matthews China Active ETF 3.1 79 -39 14.8 +8.6
IGPT Invesco AI and Next Gen Software ETF 3.1 60 -20 2.4 -3.8
GLIN VanEck India Growth Leaders ETF 3.0 77 -37 5.3 -0.8
IOO iShares Global 100 ETF 3.0 41 -1 3.7 -2.4
JPIN J.P. Morgan Diversified Return International Equity ETF 2.9 37 3 6.9 +0.8
ODDS Pacer BlueStar Digital Entertainment ETF 2.9 60 -20 4.5 -1.7
ESPO VanEck Video Gaming and eSports ETF 2.9 56 -16 6.4 +0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.9 32 8 14.1 +7.9
FLN First Trust Latin America AlphaDEX Fund 2.9 80 -40 9.9 +3.7
KSA iShares MSCI Saudi Arabia ETF 2.9 74 -34 0.0 -6.2
FDNI First Trust Dow Jones International Internet ETF 2.9 65 -25 23.9 +17.7
FDCF Fidelity Disruptive Communications ETF 2.8 50 -10 1.8 -4.3
FEGE First Eagle Global Equity ETF 2.8 79 -39 5.8 -0.3
CHPX Global X AI Semiconductor & Quantum ETF 2.8 50 -10 1.6 -4.5
IVRS iShares Future Metaverse Tech and Communications ETF 2.7 47 -7 5.2 -1.0
ARVR First Trust Indxx Metaverse ETF 2.7 70 -30 3.6 -2.6
BNGE First Trust S-Network Streaming and Gaming ETF 2.7 70 -30 3.0 -3.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.6 75 -35 1.8 -4.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.6 60 -20 10.5 +4.4
SOCL Global X Social Media ETF 2.6 65 -25 12.3 +6.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.5 75 -35 3.2 -3.0
SDIV Global X Superdividend ETF 2.5 58 -18 13.6 +7.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.5 65 -25 1.3 -4.9
TCHI iShares MSCI China Multisector Tech ETF 2.5 59 -19 14.4 +8.2
CQQQ Invesco China Technology ETF 2.5 70 -30 15.5 +9.3
KWEB KraneShares CSI China Internet ETF 2.5 69 -29 23.5 +17.4
SPDW SPDR Portfolio Developed World ex-US ETF 2.4 3 37 5.7 -0.5
BAI iShares AI Innovation and Tech Active ETF 2.4 55 -15 1.0 -5.2
THD iShares MSCI Thailand ETF 2.4 58 -18 0.0 -6.2
IXP iShares Global Comm Services ETF 2.4 42 -2 5.8 -0.4
QTUM Defiance Quantum ETF 2.3 40 0 3.6 -2.5
IBLC iShares Blockchain and Tech ETF 2.3 47 -7 -1.3 -7.5
PCGG Polen Capital Global Growth ETF 2.3 85 -45 3.8 -2.3
KTEC KraneShares Hang Seng TECH Index ETF 2.3 69 -29 21.0 +14.8
EMIF iShares Emerging Markets Infrastructure ETF 2.1 60 -20 2.9 -3.3
JGLO JPMorgan Global Select Equity ETF 2.1 33 7 4.1 -2.0
IQM Franklin Intelligent Machines ETF 2.1 50 -10 1.2 -5.0
OCEN IQ Clean Oceans ETF 2.0 45 -5 4.6 -1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.9 9 31 4.7 -1.4
ISHP First Trust Nasdaq Retail ETF 1.9 60 -20 5.1 -1.1
KAT Scharf ETF 1.9 87 -47 6.0 -0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.8 47 -7 5.0 -1.2
WWJD Inspire International ETF 1.8 80 -40 6.1 -0.0
UIVM VictoryShares International Value Momentum ETF 1.8 35 5 7.7 +1.6
DEW WisdomTree Global High Dividend Fund 1.7 58 -18 6.9 +0.8
GSIB Themes Global Systemically Important Banks ETF 1.7 35 5 7.5 +1.3
WDIV SPDR S&P Global Dividend ETF 1.7 40 0 8.8 +2.6
FID First Trust S&P International Dividend Aristocrats ETF 1.7 60 -20 7.5 +1.4
FPXI First Trust International Equity Opportunities ETF 1.7 70 -30 3.9 -2.3
IDHQ Invesco S&P International Developed High Quality ETF 1.7 29 11 4.9 -1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.7 46 -6 7.9 +1.7
CIL VictoryShares International Volatility Wtd ETF 1.6 45 -5 5.9 -0.3
CGIE Capital Group International Equity ETF 1.6 54 -14 4.4 -1.7
IXG iShares Global Financials ETF 1.5 42 -2 5.7 -0.4
EBIZ Global X E-Commerce ETF 1.5 50 -10 4.3 -1.8
APIE ActivePassive International Equity ETF 1.5 45 -5 6.2 +0.0
FCA First Trust China AlphaDEX Fund 1.5 80 -40 8.4 +2.2
QAT iShares MSCI Qatar ETF 1.5 59 -19 49.8 +43.7
COPY Tweedy, Browne Insider + Value ETF 1.4 80 -40 14.0 +7.8
ICPY Tweedy, Browne International Insider Value ETF 1.4 80 -40 20.1 +14.0
BWEB Bitwise Web3 ETF 1.4 85 -45 -0.1 -6.2
TIIV AAM Todd International Intrinsic Value ETF 1.4 54 -14 9.3 +3.1
BINV Brandes International ETF 1.4 70 -30 8.1 +1.9
PGJ Invesco Golden Dragon China ETF 1.4 70 -30 14.9 +8.8
PNQI Invesco NASDAQ Internet ETF 1.4 60 -20 3.7 -2.5
GEW Cambria Global EW ETF 1.3 29 11 5.2 -1.0
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -12 3.6 -2.6
YNOT Horizon Digital Frontier ETF 1.3 75 -35 2.5 -3.6
ONLN ProShares Online Retail ETF 1.3 58 -18 1.2 -5.0
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -35 4.5 -1.6
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 -15 6.3 +0.1
SHLD Global X Defense Tech ETF 1.2 50 -10 2.9 -3.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -9 4.5 -1.7
VIGI Vanguard International Dividend Appreciation ETF 1.2 10 30 5.8 -0.3
DGIN VanEck Digital India ETF 1.2 71 -31 1.3 -4.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.2 86 -46 0.2 -6.0
XNTK State Street SPDR NYSE Technology ETF 1.1 35 5 2.4 -3.7
FDTX Fidelity Disruptive Technology ETF 1.1 50 -10 1.6 -4.6
SNSR Global X Internet of Things ETF 1.1 68 -28 3.3 -2.8
INQQ India Internet & Ecommerce ETF 1.1 86 -46 0.5 -5.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.1 80 -40 3.7 -2.5
IBAT iShares Energy Storage & Materials ETF 1.0 47 -7 1.7 -4.5
PBD Invesco Global Clean Energy ETF 1.0 75 -35 0.3 -5.8
BUYZ Franklin Disruptive Commerce ETF 1.0 50 -10 2.4 -3.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 -39 7.3 +1.2
ARKF ARK Fintech Innovation ETF 1.0 75 -35 0.3 -5.9
TIME Clockwise Core Equity & Innovation ETF 1.0 95 -55 2.1 -4.1
TUR iShares MSCI Turkey ETF 1.0 58 -18 13.4 +7.3
FFND Future Fund Active ETF 0.9 100 -60 4.2 -2.0
FFOG Franklin Focused Growth ETF 0.9 61 -21 1.6 -4.6
BLES Inspire Global Hope ETF 0.9 61 -21 5.5 -0.6
EPHE iShares MSCI Philippines ETF 0.9 59 -19 0.0 -6.2
TTAI FCF International Quality ETF 0.9 59 -19 6.9 +0.8
DARP Grizzle Growth ETF 0.9 75 -35 1.7 -4.5
ROBO ROBO Global Robotics & Automation Index ETF 0.8 95 -55 2.3 -3.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 16 6.8 +0.6
CGV Conductor Global Equity Value ETF 0.8 130 -90 7.7 +1.6
EBLU Ecofin Global Water ESG Fund 0.8 40 0 4.5 -1.7
AQWA Global X Clean Water ETF 0.8 50 -10 4.8 -1.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 -19 2.6 -3.5
TBLU Tortoise Global Water ESG ETF 0.8 40 0 4.4 -1.8
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 -19 9.9 +3.8
IXC iShares Global Energy ETF 0.8 44 -4 7.4 +1.2
IGF iShares Global Infrastructure ETF 0.7 41 -1 4.3 -1.9
GII SPDR S&P Global Infrastructure ETF 0.7 40 0 4.3 -1.9
POW VistaShares Electrification Supercycle ETF 0.7 75 -35 2.2 -3.9
CGGR Capital Group Growth ETF 0.7 39 1 2.6 -3.6
NUKZ Range Nuclear Renaissance Index ETF 0.7 85 -45 1.4 -4.7
TPIF Timothy Plan International ETF 0.7 62 -22 5.4 -0.7
TRFM AAM Transformers ETF 0.6 49 -9 0.9 -5.2
COLO Global X MSCI Colombia ETF 0.6 62 -22 14.2 +8.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 2 3.7 -2.4
NERD Roundhill Video Games ETF 0.6 50 -10 7.7 +1.5
HERO Global X Video Games & Esports ETF 0.6 50 -10 5.7 -0.4
MOO VanEck Agribusiness ETF 0.5 53 -13 8.9 +2.8
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -30 7.0 +0.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -9 5.9 -0.2
CGDG Capital Group Dividend Growers ETF 0.5 47 -7 5.0 -1.1
RCGE RockCreek Global Equality ETF 0.5 95 -55 5.7 -0.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 1 6.6 +0.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 1 8.3 +2.2
IQRA IQ CBRE Real Assets ETF 0.5 65 -25 5.7 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 1 8.1 +1.9
AGNG Global X Aging Population ETF 0.5 50 -10 4.2 -2.0
CHIQ Global X MSCI China Consumer Discretionary ETF 0.5 65 -25 13.7 +7.5
NATO Themes Transatlantic Defense ETF 0.4 35 5 1.7 -4.4
ICLN iShares Global Clean Energy ETF 0.4 41 -1 2.0 -4.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 -15 4.1 -2.1
UAE iShares MSCI UAE ETF 0.4 59 -19 0.0 -6.2
HAP VanEck Natural Resources ETF 0.4 50 -10 6.7 +0.6
OND ProShares On-Demand ETF 0.4 58 -18 0.5 -5.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 -7 4.9 -1.3
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -22 3.2 -3.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -32 2.5 -3.7
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 -7 3.0 -3.2
KGRN KraneShares MSCI China Clean Technology Index ETF 0.3 79 -39 3.6 -2.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.3 39 1 1.1 -5.1
EWW iShares MSCI Mexico ETF 0.3 50 -10 8.3 +2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 -6 5.2 -1.0
FLMX Franklin FTSE Mexico ETF 0.3 19 21 8.7 +2.6
CRAK VanEck Oil Refiners ETF 0.3 61 -21 8.2 +2.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 -15 5.8 -0.3
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -20 4.4 -1.7
CLOU Global X Cloud Computing ETF 0.3 68 -28 2.2 -4.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -25 7.8 +1.7
IXJ iShares Global Healthcare ETF 0.2 42 -2 6.2 +0.0
EXI iShares Global Industrials ETF 0.2 42 -2 3.4 -2.7
VICE AdvisorShares Vice ETF 0.2 99 -59 5.8 -0.3
BJK VanEck Gaming ETF 0.2 65 -25 4.6 -1.6
PID Invesco International Dividend Achievers ETF 0.2 53 -13 4.0 -2.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 -2 7.8 +1.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -30 6.6 +0.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 20 0.8 -5.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 19 2.9 -3.3
QQQ Invesco QQQ Trust Series I 0.1 20 20 3.2 -3.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.1 49 -9 7.5 +1.4
CDIG City Different Investments Global Equity ETF 0.1 75 -35 -1.6 -7.8
IBUY Amplify Online Retail ETF 0.1 65 -25 2.1 -4.1
QQQM Invesco NASDAQ 100 ETF 0.1 15 25 3.2 -2.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.1 35 5 3.3 -2.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.1 57 -17 2.3 -3.8
AOTS AOT Software Platform ETF 0.1 49 -9 4.7 -1.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.1 20 20 4.0 -2.2
QQMG Invesco ESG NASDAQ 100 ETF 0.1 20 20 3.1 -3.0
AVRE Avantis Real Estate ETF 0.1 17 23 6.6 +0.5
DFGR Dimensional Global Real Estate ETF 0.1 22 18 6.8 +0.7
SMIN iShares MSCI India Small Cap ETF 0.1 79 -39 3.2 -2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 28 8.4 +2.2
REET iShares Global REIT ETF 0.1 14 26 6.7 +0.6
FCLD Fidelity Cloud Computing ETF 0.1 39 1 2.7 -3.4
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -15 7.7 +1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -18 8.5 +2.3
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -50 3.0 -3.1

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 FlexShares Emerging Markets Quality Low Volatility Index Fund
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 11.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.