FlexShares Emerging Markets Quality Low Volatility Index Fund
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.6x P/Sales
ratio		 2.2x
P/BV
ratio		 1.8x Div.
yield		 3.3%


  • 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) $16
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 180
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 14.8 %
SAMSUNG ELECTRONICS CO LTD 5.6 %
INTERNATIONAL HOLDINGS COMPANY PJS 3.5 %
TENCENT HOLDINGS LTD 2.8 %
HYNIX SEMICONDUCTOR INC 2.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.2 %
HDFC BANK LIMITED 1.4 %
TATA CONSULTANCY SVS LTD 1.1 %
BANK OF CHINA LTD - H 1.1 %
IND & COMM BK OF CHINA - H 1.0 %
Total 35.9 %

TOP COUNTRY EXPOSURE
TAIWAN 22.2 %
INDIA 18.1 %
CHINA 14.4 %
SOUTH KOREA 13.0 %
UAE 5.6 %
MALAYSIA 4.7 %
BRAZIL 4.1 %
SAUDI ARABIA 3.2 %
PHILIPPINES 2.7 %
QATAR 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.9% 32.8% 7.3% -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 48%
MSCI EAFE 0.75 48%
MSCI Emg. Mkts. 0.73 79%

Technical Indicators
Recent close $32.68
30d moving avg. $33.28
Annualized volatility 11.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $6,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 399 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™: 6.3%


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
(%)
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 39.0 30 10 8.0 +1.7
EEM iShares MSCI Emerging Markets ETF 38.7 69 -29 7.8 +1.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 38.7 69 -29 7.4 +1.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 38.4 45 -5 8.1 +1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 38.2 66 -26 7.2 +0.9
FLAX Franklin FTSE Asia Ex Japan ETF 38.0 19 21 7.1 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 38.0 11 29 7.9 +1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 37.7 70 -30 6.9 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 37.6 36 4 7.6 +1.3
ESGE iShares ESG Aware MSCI EM ETF 37.5 25 15 8.3 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 36.6 49 -9 7.5 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 36.5 20 20 7.4 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 36.5 24 16 5.2 -1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 35.9 88 -48 8.4 +2.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 35.9 32 8 4.8 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 35.4 9 31 8.2 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 35.0 25 15 5.1 -1.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 34.7 25 15 6.2 -0.1
FDEM Fidelity Emerging Markets Multifactor ETF 34.4 25 15 10.4 +4.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 34.3 15 25 8.8 +2.6
DFAE Dimensional Emerging Core Equity Market ETF 34.1 35 5 7.0 +0.7
STXE Strive Emerging Markets Ex-China ETF 34.1 32 8 5.2 -1.1
XCEM Columbia EM Core ex-China ETF 34.0 16 24 4.9 -1.4
EMGF iShares Emerging Markets Equity Factor ETF 33.5 25 15 8.8 +2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 33.2 33 7 6.7 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 33.0 32 8 7.4 +1.1
AIA iShares Asia 50 ETF 32.5 50 -10 7.7 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 32.0 30 10 7.6 +1.4
JADE JPMorgan Active Developing Markets Equity ETF 31.5 65 -25 6.1 -0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 31.5 48 -8 8.4 +2.1
VWO Vanguard FTSE Emerging Markets ETF 29.9 7 33 9.2 +2.9
SCHE Schwab Emerging Markets Equity ETF 29.7 11 29 9.5 +3.2
ECON Columbia Emerging Markets Consumer ETF 29.6 49 -9 6.6 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 29.5 36 4 6.1 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 29.1 49 -9 7.5 +1.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 28.6 75 -35 6.4 +0.1
MEM Matthews Emerging Markets Equity Active ETF 27.8 79 -39 8.5 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 27.7 7 33 9.5 +3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 27.6 38 2 7.0 +0.7
VEXC Vanguard Emerging Markets Ex-China ETF 27.0 7 33 5.7 -0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 26.6 15 25 5.7 -0.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 26.3 53 -13 5.1 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 25.5 59 -19 8.6 +2.3
JIVE JPMorgan International Value ETF 25.4 55 -15 8.4 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 24.7 16 24 6.7 +0.5
PATN Pacer Nasdaq International Patent Leaders ETF 24.5 65 -25 4.0 -2.3
DEHP Dimensional Emerging Markets High Profitability ETF 24.4 41 -1 4.8 -1.5
AGIX KraneShares Artificial Intelligence and Technology ETF 23.6 99 -59 1.0 -5.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.6 95 -55 10.0 +3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 23.1 41 -1 6.9 +0.6
LDEM iShares ESG MSCI EM Leaders ETF 21.8 17 23 12.9 +6.6
ROAM Hartford Multifactor Emerging Markets ETF 21.8 44 -4 7.5 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 21.7 49 -9 13.4 +7.1
RNEM First Trust Emerging Markets Equity Select ETF 21.3 75 -35 8.2 +1.9
FTHF First Trust Emerging Markets Human Flourishing ETF 20.8 75 -35 5.8 -0.5
EMM Global X Emerging Markets ex-China ETF 20.7 75 -35 4.7 -1.6
EWT iShares MSCI Taiwan ETF 20.4 58 -18 3.0 -3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 20.3 39 1 13.7 +7.4
FLTW Franklin FTSE Taiwan ETF 20.1 19 21 3.4 -2.9
EMC Global X Emerging Markets Great Consumer ETF 19.1 75 -35 7.1 +0.8
AVEM Avantis Emerging Markets Equity ETF 18.9 33 7 7.0 +0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.6 29 11 8.9 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 18.5 49 -9 8.6 +2.3
MINV Matthews Asia Innovators Active ETF 17.9 79 -39 5.1 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.7 44 -4 9.5 +3.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 17.6 35 5 10.0 +3.8
BKF iShares MSCI BIC ETF 16.5 69 -29 14.9 +8.6
CGXU Capital Group International Focus Equity ETF 16.3 54 -14 3.8 -2.5
AVSE Avantis Responsible Emerging Markets Equity ETF 16.0 33 7 6.6 +0.4
VSGX Vanguard ESG International Stock ETF 15.4 10 30 6.6 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 41 -1 6.0 -0.3
FLIN Franklin FTSE India ETF 15.2 19 21 4.2 -2.1
KNCT Invesco Next Gen Connectivity ETF 15.2 40 0 2.9 -3.4
ACWX iShares MSCI ACWI ex U.S. ETF 14.9 34 6 6.4 +0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.9 50 -10 8.1 +1.8
PIN Invesco India ETF 14.5 78 -38 4.8 -1.5
INDA iShares MSCI India ETF 14.3 65 -25 4.7 -1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.1 42 -2 4.1 -2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 14.1 18 22 6.4 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 13.8 4 36 6.7 +0.5
FRDM Freedom 100 Emerging Markets ETF 13.4 49 -9 5.3 -1.0
XC WisdomTree Emerging Markets Ex-China Fund 13.4 32 8 6.6 +0.3
CHAT Roundhill Generative AI & Technology ETF 13.1 75 -35 3.9 -2.4
VXUS Vanguard Total International Stock ETF 13.0 5 35 6.7 +0.4
IXUS iShares Core MSCI Total International Stock ETF 12.9 7 33 6.6 +0.3
JIG JPMorgan International Growth ETF 12.5 55 -15 3.6 -2.6
IXN iShares Global Tech ETF 12.2 41 -1 2.6 -3.7
IQDF FlexShares International Quality Dividend Index Fund 12.0 47 -7 7.6 +1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.9 45 -5 9.7 +3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 11.8 29 11 6.6 +0.3
DFEV Dimensional Emerging Markets Value ETF 11.7 43 -3 9.4 +3.1
EPI WisdomTree India Earnings Fund 11.6 85 -45 5.2 -1.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 11.6 80 -40 5.0 -1.3
FRGN Horizon International Equity ETF 11.4 75 -35 7.8 +1.5
FLKR Franklin FTSE South Korea ETF 11.4 9 31 4.3 -2.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 11.1 60 -20 9.2 +2.9
EDIV SPDR S&P Emerging Markets Dividend ETF 11.0 49 -9 9.1 +2.8
INDY iShares India 50 ETF 11.0 89 -49 5.4 -0.9
AIQ Global X Artificial Intelligence & Technology ETF 10.9 68 -28 2.7 -3.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.7 47 -7 7.2 +1.0
EWY iShares MSCI South Korea ETF 10.6 58 -18 3.2 -3.0
ACWV iShares MSCI Global Min Vol Factor ETF 10.4 20 20 5.7 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 10.4 63 -23 10.3 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 9.9 33 7 6.1 -0.2
VPL Vanguard FTSE Pacific ETF 9.6 7 33 5.3 -1.0
NXTG First Trust Indxx NextG ETF 9.2 70 -30 3.4 -2.9
DOL WisdomTree International LargeCap Dividend Fund 9.0 48 -8 5.7 -0.6
CLNR IQ Cleaner Transport ETF 8.9 45 -5 3.9 -2.4
MCHI iShares MSCI China ETF 8.9 59 -19 20.2 +14.0
AQLT iShares MSCI Global Quality Factor ETF 8.8 18 22 0.0 -6.3
UMMA Wahed Dow Jones Islamic World ETF 8.7 65 -25 3.5 -2.8
FMET Fidelity Metaverse ETF 8.6 39 1 4.3 -2.0
FLCH Franklin FTSE China ETF 8.5 19 21 18.0 +11.7
GXC SPDR S & P China ETF 8.3 59 -19 18.6 +12.4
DVYE iShares Emerging Markets Dividend ETF 8.2 49 -9 17.9 +11.6
IMFL Invesco International Developed Dynamic Multifactor ETF 7.9 34 6 5.2 -1.1
OAIM OneAscent International Equity ETF 7.9 95 -55 4.7 -1.6
FXI iShares China Large-Cap ETF 7.7 74 -34 21.0 +14.8
FNDF Schwab Fundamental International Large Co. Index ETF 7.3 25 15 7.4 +1.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 7.3 45 -5 1.8 -4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.9 30 10 6.4 +0.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.9 80 -40 6.9 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.9 65 -25 7.3 +1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.7 90 -50 3.7 -2.6
AIVC Amplify Bloomberg AI Value Chain ETF 6.6 59 -19 3.3 -3.0
FBOT Fidelity Disruptive Automation ETF 6.4 50 -10 2.9 -3.4
DINT Davis Select International ETF 6.4 55 -15 6.1 -0.2
ARTY iShares Future AI & Tech ETF 6.3 47 -7 2.4 -3.9
MOTI VanEck Morningstar International Moat ETF 6.1 58 -18 10.2 +4.0
CWI SPDR MSCI ACWI ex-US ETF 6.0 30 10 6.5 +0.2
CGRO CoreValues Alpha Greater China Growth ETF 5.9 75 -35 5.2 -1.1
DWLD Davis Select Worldwide ETF 5.9 63 -23 6.7 +0.4
WRND IQ Global Equity R&D Leaders ETF 5.7 18 22 4.0 -2.3
FEOE First Eagle Overseas Equity ETF 5.7 79 -39 6.2 -0.1
INCO Columbia India Consumer ETF 5.7 75 -35 2.2 -4.1
VIDI Vident International Equity Strategy ETF 5.6 61 -21 8.1 +1.8
JCHI JPMorgan Active China ETF 5.6 65 -25 15.5 +9.2
VYMI Vanguard International High Dividend Yield ETF 5.6 17 23 8.1 +1.8
AGQI First Trust Active Global Quality Income ETF 5.6 85 -45 6.5 +0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 5.6 20 20 5.6 -0.6
ACWI iShares MSCI ACWI ETF 5.5 32 8 4.6 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.4 67 -27 12.8 +6.5
RGEF Rockefeller Global Equity ETF 5.3 55 -15 3.8 -2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.3 20 20 4.7 -1.6
SCHF Schwab International Equity ETF 5.3 6 34 6.0 -0.3
CGGO Capital Group Global Growth Equity ETF 5.2 47 -7 4.1 -2.2
AVES Avantis Emerging Markets Value ETF 5.2 36 4 8.9 +2.7
SCHY Schwab International Dividend Equity ETF 5.1 14 26 8.5 +2.2
NDIA Global X India Active ETF 5.1 75 -35 5.3 -1.0
CARZ First Trust NASDAQ Global Auto Index Fund 5.0 70 -30 2.2 -4.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.0 70 -30 9.5 +3.2
JSTC Adasina Social Justice All Cap Global ETF 4.9 89 -49 4.3 -2.0
VT Vanguard Total World Stock ETF 4.9 6 34 5.0 -1.3
VEA Vanguard FTSE Developed Markets ETF 4.9 3 37 6.0 -0.3
DWX SPDR S&P International Dividend ETF 4.9 45 -5 6.8 +0.5
METV Roundhill Ball Metaverse ETF 4.8 59 -19 8.1 +1.8
KLMT Invesco MSCI Global Climate 500 ETF 4.8 10 30 5.0 -1.3
AIS VistaShares Artificial Intelligence Supercycle ETF 4.8 75 -35 0.9 -5.4
MOTG VanEck Morningstar Global Wide Moat ETF 4.8 52 -12 8.0 +1.7
EWM iShares MSCI Malaysia ETF 4.7 50 -10 6.5 +0.2
DTCR Global X Data Center & Digital Infrastructure ETF 4.7 50 -10 3.2 -3.1
IGRO iShares International Dividend Growth ETF 4.6 15 25 6.8 +0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.4 60 -20 6.6 +0.3
TINY ProShares Nanotechnology ETF 4.3 58 -18 1.3 -5.0
MCH Matthews China Active ETF 4.3 79 -39 14.6 +8.3
FEGE First Eagle Global Equity ETF 4.3 79 -39 6.1 -0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.2 86 -46 13.4 +7.1
GLOF iShares Global Equity Factor ETF 4.2 20 20 5.6 -0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.1 32 8 13.7 +7.5
FDNI First Trust Dow Jones International Internet ETF 4.1 65 -25 24.7 +18.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.0 12 28 4.4 -1.8
OGIG ALPS O'Shares Global Internet Giants ETF 4.0 48 -8 2.5 -3.8
ESPO VanEck Video Gaming and eSports ETF 4.0 56 -16 6.7 +0.5
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 -20 4.7 -1.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 -20 10.7 +4.4
FEM First Trust Emerging Markets AlphaDEX Fund 3.8 80 -40 9.0 +2.7
XT iShares Exponential Technologies ETF 3.8 46 -6 3.8 -2.4
EWZ iShares MSCI Brazil ETF 3.8 58 -18 11.2 +4.9
EYLD Cambria Emerging Shareholder Yield ETF 3.7 66 -26 9.2 +2.9
FDCF Fidelity Disruptive Communications ETF 3.7 50 -10 1.9 -4.4
GKAT Scharf Global Opportunity ETF 3.6 57 -17 5.8 -0.5
BNGE First Trust S-Network Streaming and Gaming ETF 3.6 70 -30 3.1 -3.2
IVRS iShares Future Metaverse Tech and Communications ETF 3.6 47 -7 5.2 -1.0
FLBR Franklin FTSE Brazil ETF 3.6 19 21 12.2 +6.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.5 45 -5 6.8 +0.5
ASEA Global X FTSE Southeast Asia ETF 3.4 65 -25 5.5 -0.7
SOCL Global X Social Media ETF 3.4 65 -25 12.5 +6.3
IOO iShares Global 100 ETF 3.4 41 -1 3.8 -2.5
KWEB KraneShares CSI China Internet ETF 3.3 69 -29 25.0 +18.7
CQQQ Invesco China Technology ETF 3.3 70 -30 15.2 +8.9
FLLA Franklin FTSE Latin America ETF 3.3 19 21 10.9 +4.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -38 9.7 +3.4
ISHP First Trust Nasdaq Retail ETF 3.3 60 -20 5.5 -0.8
IGPT Invesco AI and Next Gen Software ETF 3.2 60 -20 2.4 -3.9
ABLG Abacus FCF International Leaders ETF 3.2 59 -19 6.4 +0.2
CHPX Global X AI Semiconductor & Quantum ETF 3.2 50 -10 1.6 -4.7
FCA First Trust China AlphaDEX Fund 3.2 80 -40 7.5 +1.2
BAI iShares AI Innovation and Tech Active ETF 3.2 55 -15 0.9 -5.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.2 75 -35 3.4 -2.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.2 75 -35 1.7 -4.5
TCHI iShares MSCI China Multisector Tech ETF 3.2 59 -19 13.4 +7.1
DGT State Street SPDR Global Dow ETF 3.1 50 -10 5.7 -0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.1 80 -40 6.7 +0.4
FLSA Franklin FTSE Saudi Arabia ETF 3.1 39 1 0.0 -6.3
FLN First Trust Latin America AlphaDEX Fund 3.0 80 -40 10.4 +4.1
KTEC KraneShares Hang Seng TECH Index ETF 3.0 69 -29 21.0 +14.7
IXP iShares Global Comm Services ETF 3.0 42 -2 5.7 -0.6
EBIZ Global X E-Commerce ETF 3.0 50 -10 4.9 -1.4
PCGG Polen Capital Global Growth ETF 2.8 85 -45 3.9 -2.4
KSA iShares MSCI Saudi Arabia ETF 2.8 74 -34 0.0 -6.3
BINV Brandes International ETF 2.7 70 -30 8.6 +2.4
PGJ Invesco Golden Dragon China ETF 2.6 70 -30 15.2 +8.9
ONLN ProShares Online Retail ETF 2.6 58 -18 1.4 -4.9
XDAT Franklin Exponential Data ETF 2.6 50 -10 1.1 -5.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 -25 1.4 -4.9
GLIN VanEck India Growth Leaders ETF 2.6 77 -37 5.5 -0.8
PNQI Invesco NASDAQ Internet ETF 2.6 60 -20 3.8 -2.4
PIEL Pacer International Export Leaders ETF 2.5 60 -20 4.1 -2.2
APIE ActivePassive International Equity ETF 2.4 45 -5 6.4 +0.2
IBLC iShares Blockchain and Tech ETF 2.3 47 -7 -1.2 -7.5
IVES Wedbush ETFMG Global Cloud Technology ETF 2.2 68 -28 3.5 -2.8
LOGO Alpha Brands Consumption Leaders ETF 2.2 69 -29 2.5 -3.8
QAT iShares MSCI Qatar ETF 2.2 59 -19 44.8 +38.5
ARVR First Trust Indxx Metaverse ETF 2.2 70 -30 3.6 -2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.1 47 -7 5.0 -1.3
TIIV AAM Todd International Intrinsic Value ETF 2.1 54 -14 9.7 +3.5
DSTX Distillate International Fundamental Stability & Value ETF 2.1 55 -15 6.7 +0.4
JGLO JPMorgan Global Select Equity ETF 2.1 33 7 4.3 -2.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.0 37 3 7.2 +0.9
IXG iShares Global Financials ETF 2.0 42 -2 6.3 0.0
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 11 5.4 -0.8
ANEW ProShares MSCI Transformational Changes ETF 2.0 45 -5 4.4 -1.9
HUMN Roundhill Humanoid Robotics ETF 1.9 75 -35 1.1 -5.2
EPHE iShares MSCI Philippines ETF 1.9 59 -19 0.0 -6.3
UIVM VictoryShares International Value Momentum ETF 1.9 35 5 8.2 +1.9
WWJD Inspire International ETF 1.8 80 -40 6.4 +0.1
GSIB Themes Global Systemically Important Banks ETF 1.8 35 5 8.3 +2.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.7 3 37 5.8 -0.4
EMIF iShares Emerging Markets Infrastructure ETF 1.7 60 -20 2.9 -3.4
XNTK State Street SPDR NYSE Technology ETF 1.7 35 5 2.4 -3.9
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -39 7.5 +1.2
GVIP Goldman Sachs Hedge Industry VIP ETF 1.7 45 -5 2.4 -3.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 31 4.9 -1.4
DEW WisdomTree Global High Dividend Fund 1.6 58 -18 7.2 +1.0
GEW Cambria Global EW ETF 1.6 29 11 5.4 -0.9
THD iShares MSCI Thailand ETF 1.6 58 -18 0.0 -6.3
SDIV Global X Superdividend ETF 1.6 58 -18 13.8 +7.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.6 46 -6 7.8 +1.5
FPXI First Trust International Equity Opportunities ETF 1.5 70 -30 3.7 -2.6
CIL VictoryShares International Volatility Wtd ETF 1.5 45 -5 5.8 -0.5
FFND Future Fund Active ETF 1.5 100 -60 4.3 -2.0
CGIE Capital Group International Equity ETF 1.5 54 -14 4.6 -1.7
QTUM Defiance Quantum ETF 1.5 40 0 3.5 -2.7
YNOT Horizon Digital Frontier ETF 1.5 75 -35 2.5 -3.8
ICPY Tweedy, Browne International Insider Value ETF 1.4 80 -40 21.5 +15.3
OCEN IQ Clean Oceans ETF 1.4 45 -5 4.6 -1.7
BWEB Bitwise Web3 ETF 1.4 85 -45 -0.1 -6.4
TTAI FCF International Quality ETF 1.4 59 -19 6.8 +0.5
GVAL Cambria Global Value ETF 1.3 68 -28 9.0 +2.7
UAE iShares MSCI UAE ETF 1.3 59 -19 0.0 -6.3
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -12 3.7 -2.6
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -35 4.4 -1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -21 1.5 -4.8
BUYZ Franklin Disruptive Commerce ETF 1.2 50 -10 2.5 -3.8
HERO Global X Video Games & Esports ETF 1.2 50 -10 6.0 -0.2
NERD Roundhill Video Games ETF 1.2 50 -10 8.1 +1.9
TUR iShares MSCI Turkey ETF 1.2 58 -18 13.3 +7.1
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 -20 7.8 +1.5
WDIV SPDR S&P Global Dividend ETF 1.1 40 0 9.1 +2.8
FTAG First Trust Indxx Global Agriculture ETF 1.1 70 -30 7.2 +1.0
MOO VanEck Agribusiness ETF 1.1 53 -13 9.2 +2.9
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 -30 6.7 +0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 1 8.0 +1.7
FDTX Fidelity Disruptive Technology ETF 1.1 50 -10 1.5 -4.8
ARKF ARK Fintech Innovation ETF 1.0 75 -35 0.3 -6.0
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -40 14.9 +8.7
OND ProShares On-Demand ETF 1.0 58 -18 0.5 -5.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -9 4.5 -1.8
BLES Inspire Global Hope ETF 0.9 61 -21 5.7 -0.6
DARP Grizzle Growth ETF 0.9 75 -35 1.6 -4.6
ARKW ARK Next Generation Internet ETF 0.9 87 -47 0.7 -5.6
CGGR Capital Group Growth ETF 0.9 39 1 2.6 -3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.9 45 -5 -0.9 -7.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.9 86 -46 0.3 -6.0
VIGI Vanguard International Dividend Appreciation ETF 0.9 10 30 6.1 -0.2
POW VistaShares Electrification Supercycle ETF 0.9 75 -35 2.0 -4.3
AQWA Global X Clean Water ETF 0.9 50 -10 5.1 -1.2
EBLU Ecofin Global Water ESG Fund 0.9 40 0 4.6 -1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 -19 2.2 -4.1
TBLU Tortoise Global Water ESG ETF 0.9 40 0 4.6 -1.7
CHIQ Global X MSCI China Consumer Discretionary ETF 0.9 65 -25 13.7 +7.4
FFOG Franklin Focused Growth ETF 0.8 61 -21 1.6 -4.7
IQM Franklin Intelligent Machines ETF 0.8 50 -10 1.1 -5.2
KAT Scharf ETF 0.8 87 -47 6.2 -0.0
TPIF Timothy Plan International ETF 0.8 62 -22 5.6 -0.6
ARKK ARK Innovation ETF 0.8 75 -35 -3.0 -9.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 -15 3.7 -2.6
ROBO ROBO Global Robotics & Automation Index ETF 0.8 95 -55 2.3 -4.0
OTGL OTG Latin America ETF 0.8 269 -229 7.9 +1.7
SNSR Global X Internet of Things ETF 0.7 68 -28 3.2 -3.1
INQQ India Internet & Ecommerce ETF 0.7 86 -46 0.7 -5.6
PBD Invesco Global Clean Energy ETF 0.7 75 -35 0.2 -6.1
IBAT iShares Energy Storage & Materials ETF 0.7 47 -7 1.5 -4.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 -15 5.7 -0.5
CGV Conductor Global Equity Value ETF 0.7 130 -90 7.7 +1.4
DGIN VanEck Digital India ETF 0.7 71 -31 1.5 -4.8
SHLD Global X Defense Tech ETF 0.6 50 -10 3.1 -3.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 1 8.1 +1.8
ILF iShares Latin America 40 ETF 0.6 48 -8 10.0 +3.7
CZA Invesco Zacks Mid-Cap ETF 0.6 72 -32 5.9 -0.4
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 -19 4.8 -1.5
JHDV John Hancock U.S. High Dividend ETF 0.6 34 6 5.9 -0.4
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 -36 3.3 -3.0
AGNG Global X Aging Population ETF 0.5 50 -10 4.4 -1.9
IBUY Amplify Online Retail ETF 0.5 65 -25 2.3 -4.0
ICLN iShares Global Clean Energy ETF 0.5 41 -1 1.7 -4.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 -7 5.1 -1.2
DVYA iShares Asia/Pacific Dividend ETF 0.5 49 -9 7.1 +0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 16 6.9 +0.7
GPT Intelligent Alpha Atlas ETF 0.5 69 -29 6.1 -0.1
RCGE RockCreek Global Equality ETF 0.5 95 -55 6.2 -0.1
NATO Themes Transatlantic Defense ETF 0.4 35 5 1.9 -4.4
SUPL ProShares Supply Chain Logistics ETF 0.4 58 -18 7.4 +1.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.4 20 20 4.5 -1.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 25 3.9 -2.4
JGRO JPMorgan Active Growth ETF 0.4 44 -4 2.4 -3.9
NUKZ Range Nuclear Renaissance Index ETF 0.4 85 -45 1.3 -4.9
EWW iShares MSCI Mexico ETF 0.4 50 -10 8.4 +2.1
FLMX Franklin FTSE Mexico ETF 0.4 19 21 8.8 +2.5
BJK VanEck Gaming ETF 0.4 65 -25 4.5 -1.8
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -66 10.0 +3.8
VICE AdvisorShares Vice ETF 0.4 99 -59 5.8 -0.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 1 6.8 +0.6
CRAK VanEck Oil Refiners ETF 0.4 61 -21 9.2 +2.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.3 58 -18 3.1 -3.2
QQQ Invesco QQQ Trust Series I 0.3 20 20 3.2 -3.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.3 35 5 3.4 -2.9
QQQM Invesco NASDAQ 100 ETF 0.3 15 25 3.2 -3.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.3 57 -17 2.3 -3.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.3 20 20 4.0 -2.3
CDIG City Different Investments Global Equity ETF 0.3 75 -35 -1.6 -7.9
AOTS AOT Software Platform ETF 0.3 49 -9 4.6 -1.7
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -20 4.4 -1.9
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -22 3.0 -3.3
TRFM AAM Transformers ETF 0.3 49 -9 1.0 -5.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -9 6.1 -0.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 20 0.8 -5.5
CLOU Global X Cloud Computing ETF 0.3 68 -28 2.5 -3.8
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 20 3.1 -3.2
IXJ iShares Global Healthcare ETF 0.3 42 -2 6.3 +0.0
SHPP Pacer Industrials and Logistics ETF 0.3 60 -20 6.6 +0.3
PID Invesco International Dividend Achievers ETF 0.3 53 -13 4.0 -2.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 -9 7.3 +1.0
DFNL Davis Select Financial ETF 0.2 63 -23 7.6 +1.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 19 2.9 -3.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 -6 5.0 -1.3
RXI iShares Global Consumer Discretionary ETF 0.2 41 -1 8.2 +1.9
IGF iShares Global Infrastructure ETF 0.2 41 -1 4.2 -2.0
GII SPDR S&P Global Infrastructure ETF 0.2 40 0 4.3 -2.0
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -18 6.4 +0.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -25 7.8 +1.6
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -15 8.2 +1.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.2 80 -40 3.6 -2.7
HAP VanEck Natural Resources ETF 0.2 50 -10 6.8 +0.5
GDX VanEck Gold Miners ETF 0.1 51 -11 3.2 -3.1
GDXJ VanEck Junior Gold Miners ETF 0.1 52 -12 3.2 -3.1
SLVP iShares MSCI Global Silver Miners ETF 0.1 39 1 4.4 -1.8
AUMI Themes Gold Miners ETF 0.1 35 5 3.6 -2.7
AUAU Global X Gold Miners ETF 0.1 35 5 2.8 -3.5
QINT American Century Quality Diversified International ETF 0.1 39 1 6.6 +0.3
DTH WisdomTree International High Dividend Fund 0.1 58 -18 7.4 +1.1
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -50 3.1 -3.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 34 6.0 -0.2
FCLD Fidelity Cloud Computing ETF 0.1 39 1 3.0 -3.3
RTH VanEck Retail ETF 0.1 35 5 4.9 -1.4
LIVR Intelligent Livermore ETF 0.1 69 -29 3.0 -3.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 5 4.3 -2.0
AVRE Avantis Real Estate ETF 0.0 17 23 6.8 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 0 5.7 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -30 6.5 +0.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 31 4.1 -2.2
REET iShares Global REIT ETF 0.0 14 26 7.0 +0.7
SMIN iShares MSCI India Small Cap ETF 0.0 79 -39 3.5 -2.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 28 8.8 +2.5
DFGR Dimensional Global Real Estate ETF 0.0 22 18 7.0 +0.7
BATT Amplify Lithium & Battery Technology ETF 0.0 59 -19 1.9 -4.4
DWM WisdomTree International Equity Fund 0.0 48 -8 5.7 -0.6
FPAG FPA Global Equity ETF 0.0 49 -9 5.8 -0.5
GMET VanEck Green Metals ETF 0.0 63 -23 0.5 -5.8
MXI iShares Global Materials ETF 0.0 41 -1 6.0 -0.3
ICOP iShares Copper and Metals Mining ETF 0.0 47 -7 5.6 -0.7
CGW Invesco S&P Global Water Index ETF 0.0 57 -17 4.6 -1.7
INTF iShares International Equity Factor ETF 0.0 15 25 6.5 +0.2
PIO Invesco Global Water ETF 0.0 75 -35 4.5 -1.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 -2 7.6 +1.3
WSGE Warren Street Global Equity ETF 0.0 80 -40 2.9 -3.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 6 5.6 -0.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -18 8.4 +2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 32 6.3 +0.0

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

Forward
multiple:		 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 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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