SPDR Dow Jones International Real Estate ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 5.7x
P/BV
ratio		 0.9x Div.
yield		 5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR DJ Wilshire International Real Estate ETF objective is to track as closely as possible, before fees and expenses, the total performance of the Dow Jones Wilshire Ex-US Real Estate Securit

FUND BASICS
Category International Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Dec 15, 2006
Assets (mns) $290
Currency USD
Expense ratio 59 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 112
Wgt avg mkt cap (mns) $7,977
Large cap (>$10bn) 18.4%
Mid cap ($2-10bn) 64.2%
Small cap (<$2bn) 17.4%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
MITSUI FUDOSAN CO LTD 7.1 %
SCENTRE GROUP 3.2 %
SEGRO PLC 2.9 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 2.9 %
SWISS PRIME SITE-REG 2.7 %
LINK REIT 2.6 %
CAPITAMALL TRUST 2.4 %
KLEPIERRE 1.9 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
PSP SWISS PROPERTY AG-REG 1.8 %
Total 29.4 %

TOP COUNTRY EXPOSURE
JAPAN 30.3 %
BRITAIN 11.7 %
SINGAPORE 9.6 %
AUSTRALIA 9.1 %
HONG KONG 4.9 %
SWITZERLAND 4.5 %
SWEDEN 4.2 %
FRANCE 3.8 %
NETHERLANDS 2.9 %
BELGIUM 2.7 %

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.
23.5% 15.0% 0.7% 1.1% 0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.30 18%
MSCI EAFE 0.58 50%
MSCI Emg. Mkts. 0.41 28%

Technical Indicators
Recent close $27.67
30d moving avg. $27.86
Annualized volatility 17.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.2%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 279 potential alternatives to the SPDR Dow Jones International Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with RWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RWX Expense: 59 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RWX
Ticker Fund
Name		 Overlap1
vs RWX
(%)		 Expense
ratio
(bp)		 Savings
vs RWX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RWX
(%)
IFGL iShares International Developed Real Estate ETF 50.7 48 11 7.0 +0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 47.1 10 49 6.7 -0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 39.4 12 47 8.2 +1.3
RWO SPDR Dow Jones Global Real Estate ETF 27.6 50 9 7.0 +0.1
VGSR Vert Global Sustainable Real Estate ETF 24.4 47 12 7.7 +0.8
ERET iShares Environmentally Aware Real Estate ETF 23.3 30 29 7.3 +0.4
REET iShares Global REIT ETF 18.1 14 45 7.7 +0.8
AVRE Avantis Real Estate ETF 17.7 17 42 7.4 +0.5
DFGR Dimensional Global Real Estate ETF 17.4 22 37 7.8 +0.9
DWX SPDR S&P International Dividend ETF 15.8 45 14 7.2 +0.3
ERTH Invesco MSCI Sustainable Future ETF 13.6 62 -3 3.4 -3.5
GQRE FlexShares Global Quality Real Estate Index Fund 13.3 45 14 8.0 +1.1
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 13.2 60 -1 5.6 -1.3
IQRA IQ CBRE Real Assets ETF 12.7 65 -6 5.7 -1.2
INDS Pacer Industrial Real Estate ETF 12.6 55 4 6.6 -0.3
IDLV Invesco S&P International Developed Low Volatility ETF 12.2 25 34 6.5 -0.4
SRET Global X SuperDividend REIT ETF 11.1 59 0 12.3 +5.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 8.0 58 1 8.4 +1.5
EWUS iShares MSCI United Kingdom Small Cap ETF 7.2 59 0 7.7 +0.8
SCJ iShares MSCI Japan Small-Cap ETF 7.1 50 9 6.4 -0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.9 78 -19 9.0 +2.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.3 80 -21 5.9 -1.0
DIM WisdomTree International MidCap Dividend Fund 6.2 58 1 7.2 +0.3
JPIN J.P. Morgan Diversified Return International Equity ETF 5.8 37 22 7.8 +0.9
SCZ iShares MSCI EAFE Small-Cap ETF 5.8 40 19 6.8 -0.1
FKU First Trust United Kingdom AlphaDEX Fund 5.4 80 -21 7.6 +0.7
FIDI Fidelity International High Dividend ETF 5.3 18 41 8.0 +1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.3 49 10 6.8 -0.1
FID First Trust S&P International Dividend Aristocrats ETF 4.9 60 -1 7.7 +0.8
IEUS iShares MSCI Europe Small-Cap ETF 4.9 42 17 7.3 +0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 4.9 12 47 5.7 -1.2
FLHK Franklin FTSE Hong Kong ETF 4.7 9 50 4.3 -2.6
WDIV SPDR S&P Global Dividend ETF 4.5 40 19 8.9 +2.0
FEP First Trust Europe AlphaDEX Fund 4.4 80 -21 7.9 +1.0
BLDG Cambria Global Real Estate ETF 4.3 60 -1 11.4 +4.5
EWS iShares MSCI Singapore ETF 4.2 50 9 4.5 -2.4
FNDC Schwab Fundamental International Small Co. Index ETF 4.1 39 20 5.7 -1.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.1 19 40 5.5 -1.4
RCGE RockCreek Global Equality ETF 3.9 95 -36 6.6 -0.3
RITA ETFB Green SRI REITs ETF 3.9 50 9 5.8 -1.1
EWH iShares MSCI Hong Kong ETF 3.8 50 9 5.1 -1.8
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 2 8.4 +1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 3.7 49 10 5.1 -1.8
SCHC Schwab International Small-Cap Equity ETF 3.5 11 48 7.3 +0.4
FEUZ First Trust Eurozone AlphaDEX ETF 3.4 80 -21 7.5 +0.6
ISCF iShares International SmallCap Equity Factor ETF 3.4 23 36 8.1 +1.2
FDEV Fidelity International Multifactor ETF 3.1 18 41 7.4 +0.5
GVAL Cambria Global Value ETF 2.9 68 -9 10.5 +3.6
EPP iShares MSCI Pacific ex-Japan ETF 2.8 47 12 5.2 -1.7
IPAC iShares Core MSCI Pacific ETF 2.7 9 50 6.0 -0.9
EWK iShares MSCI Belgium ETF 2.7 50 9 4.3 -2.6
DTH WisdomTree International High Dividend Fund 2.6 58 1 8.0 +1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.5 8 51 7.1 +0.2
EWW iShares MSCI Mexico ETF 2.5 50 9 9.3 +2.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 9 5.8 -1.1
FLAU Franklin FTSE Australia ETF 2.4 9 50 6.3 -0.6
FSZ First Trust Switzerland AlphaDEX Fund 2.4 80 -21 6.4 -0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 47 4.9 -2.0
VPL Vanguard FTSE Pacific ETF 2.3 7 52 6.3 -0.6
FLJP Franklin FTSE Japan ETF 2.2 9 50 5.7 -1.2
FLJH Franklin FTSE Japan Hedged ETF 2.2 9 50 5.7 -1.2
BLLD JPMorgan Sustainable Infrastructure ETF 2.2 49 10 5.9 -1.0
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 4 6.1 -0.8
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -6 6.1 -0.8
JHID John Hancock International High Dividend ETF 1.9 46 13 9.2 +2.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.9 12 47 5.4 -1.5
BKCI BNY Mellon Concentrated International ETF 1.9 80 -21 5.1 -1.8
AIVI WisdomTree International AI Enhanced Value Fund 1.8 58 1 6.7 -0.2
INTF iShares International Equity Factor ETF 1.8 15 44 7.3 +0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -21 8.4 +1.5
FLN First Trust Latin America AlphaDEX Fund 1.6 80 -21 11.8 +4.9
GWX SPDR S&P International Small Cap ETF 1.6 40 19 6.5 -0.4
IEFA iShares Core MSCI EAFE ETF 1.6 7 52 6.7 -0.2
EWA iShares MSCI Australia ETF 1.6 50 9 5.8 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.6 40 19 7.0 +0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.6 22 37 5.9 -1.0
FLMX Franklin FTSE Mexico ETF 1.5 19 40 10.0 +3.1
DWM WisdomTree International Equity Fund 1.5 48 11 6.9 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 1.5 4 55 6.7 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 1.5 20 39 6.6 -0.3
IQSI IQ Candriam International Equity ETF 1.5 15 44 6.2 -0.7
FLLA Franklin FTSE Latin America ETF 1.5 19 40 12.8 +5.9
VEA Vanguard FTSE Developed Markets ETF 1.4 3 56 6.8 -0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 1 9.5 +2.6
VSGX Vanguard ESG International Stock ETF 1.4 10 49 7.5 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.4 39 20 7.5 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.4 24 35 7.1 +0.2
EFV iShares MSCI EAFE Value ETF 1.4 34 25 8.5 +1.6
EWQ iShares MSCI France ETF 1.3 53 6 6.8 -0.1
EWD iShares MSCI Sweden ETF 1.3 54 5 5.2 -1.7
LVHI Franklin International Low Volatility High Dividend Index ET 1.3 40 19 10.1 +3.2
JIVE JPMorgan International Value ETF 1.3 55 4 10.7 +3.8
DLS WisdomTree International SmallCap Dividend Fund 1.3 58 1 7.9 +1.1
INEQ Columbia International Equity Income ETF 1.3 45 14 7.6 +0.7
FIVA Fidelity International Value Factor ETF 1.3 18 41 9.1 +2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 20 6.4 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 56 6.6 -0.3
BBJP JPMorgan BetaBuilders Japan ETF 1.2 19 40 6.0 -0.9
FLSW Franklin FTSE Switzerland ETF 1.2 9 50 6.1 -0.8
PPIE Putnam PanAgora ESG International Equity ETF 1.2 49 10 7.2 +0.3
DISV Dimensional International Small Cap Value ETF 1.2 42 17 8.9 +2.0
SCHF Schwab International Equity ETF 1.2 6 53 6.8 -0.1
DFIS Dimensional International Small Cap ETF 1.2 39 20 7.0 +0.1
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 52 7.5 +0.6
DWMF WisdomTree International Multifactor Fund 1.1 38 21 7.1 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -24 8.9 +2.0
VXUS Vanguard Total International Stock ETF 1.1 5 54 7.6 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.1 14 45 5.9 -1.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 39 6.3 -0.6
IEUR iShares Core MSCI Europe ETF 1.0 11 48 7.1 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.0 47 12 5.6 -1.3
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 39 6.5 -0.4
VGK Vanguard FTSE Europe ETF 1.0 6 53 7.2 +0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -21 11.4 +4.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.0 45 14 8.3 +1.4
UIVM VictoryShares International Value Momentum ETF 1.0 35 24 8.4 +1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.0 80 -21 10.6 +3.7
BKIE BNY Mellon International Equity ETF 1.0 4 55 6.6 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.0 20 39 6.1 -0.8
SPEU SPDR Portfolio Europe ETF 1.0 7 52 7.1 +0.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -21 9.3 +2.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 55 7.6 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.9 36 23 6.3 -0.6
EWJ iShares MSCI Japan ETF 0.9 50 9 5.5 -1.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -31 5.1 -1.8
BINV Brandes International ETF 0.9 70 -11 9.3 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.9 32 27 5.9 -1.0
JPXN iShares JPX-Nikkei 400 ETF 0.9 48 11 6.1 -0.8
FLGB Franklin FTSE United Kingdom ETF 0.9 9 50 7.3 +0.4
EFA iShares MSCI EAFE ETF 0.9 35 24 6.4 -0.5
EWL iShares MSCI Switzerland ETF 0.8 50 9 6.0 -0.9
ISRA VanEck Israel ETF 0.8 59 0 7.0 +0.1
EIS iShares MSCI Israel ETF 0.8 58 1 7.6 +0.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.8 30 29 6.7 -0.2
JHMD John Hancock Multifactor Developed International ETF 0.8 39 20 7.1 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 39 5.3 -1.6
SDIV Global X Superdividend ETF 0.8 58 1 16.7 +9.8
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 3.9 -3.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 4 4.7 -2.2
REAI Intelligent Real Estate ETF 0.8 59 0 19.5 +12.6
CGDG Capital Group Dividend Growers ETF 0.8 47 12 6.0 -0.9
VWID Virtus WMC International Dividend ETF 0.8 49 10 8.0 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 8.4 +1.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -16 4.9 -2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 41 7.3 +0.4
ILF iShares Latin America 40 ETF 0.7 48 11 11.9 +5.1
JIRE JPMorgan International Research Enhanced Equity ETF 0.7 24 35 6.8 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.7 25 34 6.9 -0.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 1 8.0 +1.1
FLEE Franklin FTSE Europe ETF 0.7 9 50 7.0 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.7 45 14 6.8 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.7 25 34 6.1 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.7 25 34 7.1 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 29 6.1 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 18 7.1 +0.2
EMM Global X Emerging Markets ex-China ETF 0.6 75 -16 6.8 -0.1
EWU iShares MSCI United Kingdom ETF 0.6 50 9 7.8 +0.9
WWJD Inspire International ETF 0.6 80 -21 7.1 +0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 3 10.6 +3.7
DVYA iShares Asia/Pacific Dividend ETF 0.6 49 10 7.3 +0.4
AVDE Avantis International Equity ETF 0.6 23 36 7.0 +0.2
GLOF iShares Global Equity Factor ETF 0.6 20 39 6.6 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 15 10.3 +3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 10 9.4 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 25 7.3 +0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.6 32 27 6.3 -0.6
AVSD Avantis Responsible International Equity ETF 0.6 23 36 5.1 -1.8
IVLU iShares MSCI Intl Value Factor ETF 0.5 30 29 9.6 +2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.8 +1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 -11 7.5 +0.6
EWJV iShares MSCI Japan Value ETF 0.5 15 44 7.8 +1.0
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 34 5.8 -1.1
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 35 6.1 -0.8
EFNL iShares MSCI Finland ETF 0.5 56 3 6.3 -0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 13 6.5 -0.4
THD iShares MSCI Thailand ETF 0.5 58 1 0.0 -6.9
JRE Janus Henderson U.S. Real Estate ETF 0.5 65 -6 8.0 +1.1
EZU iShares MSCI Eurozone ETF 0.5 52 7 6.4 -0.5
DEW WisdomTree Global High Dividend Fund 0.5 58 1 8.2 +1.3
EWZS iShares MSCI Brazil Small-Cap ETF 0.5 59 0 12.0 +5.2
IEV iShares Europe ETF 0.5 67 -8 6.6 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 -11 8.4 +1.5
DFIC Dimensional International Core Equity 2 ETF 0.4 23 36 7.1 +0.2
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 49 5.6 -1.3
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 29 7.3 +0.4
VT Vanguard Total World Stock ETF 0.4 6 53 5.7 -1.2
FENI Fidelity Enhanced International ETF 0.4 28 31 6.2 -0.7
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 1 7.1 +0.2
DFAI Dimensional International Core Equity Market ETF 0.4 18 41 6.7 -0.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.4 35 24 6.2 -0.7
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 49 6.3 -0.6
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 27 5.7 -1.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 17 5.2 -1.7
FLBR Franklin FTSE Brazil ETF 0.3 19 40 14.6 +7.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 27 8.5 +1.6
FLGR Franklin FTSE Germany ETF 0.3 9 50 7.2 +0.3
EFG iShares MSCI EAFE Growth ETF 0.3 36 23 4.1 -2.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 29 5.2 -1.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 39 6.1 -0.8
BLES Inspire Global Hope ETF 0.3 61 -2 6.8 -0.1
IGRO iShares International Dividend Growth ETF 0.3 15 44 6.9 +0.0
FLSA Franklin FTSE Saudi Arabia ETF 0.3 39 20 0.0 -6.9
KSA iShares MSCI Saudi Arabia ETF 0.3 74 -15 0.0 -6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.4 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 0 8.4 +1.5
EWG iShares MSCI Germany ETF 0.3 50 9 6.6 -0.3
DXIV Dimensional International Vector Equity ETF 0.3 34 25 7.4 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 7.5 +0.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 17 9.3 +2.4
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 50 7.0 +0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 25 5.8 -1.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 42 9.0 +2.1
AGNG Global X Aging Population ETF 0.3 50 9 4.5 -2.4
XCEM Columbia EM Core ex-China ETF 0.3 16 43 7.6 +0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 44 7.2 +0.3
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -16 8.4 +1.5
DFIV Dimensional International Value ETF 0.3 27 32 8.9 +2.0
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 15 11.2 +4.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -4 12.7 +5.8
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 43 7.9 +1.0
SCHE Schwab Emerging Markets Equity ETF 0.2 11 48 10.6 +3.7
AFK VanEck Africa Index ETF 0.2 98 -39 14.0 +7.1
URTH iShares MSCI World ETF 0.2 24 35 4.9 -2.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 50 5.1 -1.8
ACWI iShares MSCI ACWI ETF 0.2 32 27 5.3 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 12.8 +5.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 1 7.1 +0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 1 7.0 +0.2
TPIF Timothy Plan International ETF 0.2 62 -3 6.0 -0.9
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 14 5.3 -1.6
IPKW Invesco International BuyBack Achievers ETF 0.2 55 4 8.8 +1.9
SCHY Schwab International Dividend Equity ETF 0.2 14 45 9.6 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 30 7.4 +0.5
AVDS Avantis International Small Cap Equity ETF 0.2 30 29 6.6 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 50 9.8 +2.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 34 8.9 +2.0
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 11 6.8 -0.1
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 52 10.2 +3.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 10 14.9 +8.0
TOK iShares MSCI Kokusai ETF 0.2 26 33 4.9 -2.0
STXI Strive International Developed Markets ETF 0.2 29 30 6.3 -0.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 34 6.9 0.0
QINT American Century Quality Diversified International ETF 0.2 39 20 6.8 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 35 7.3 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 9.1 +2.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 8.1 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.5 -1.4
BRF VanEck Brazil Small-Cap ETF 0.1 66 -7 11.9 +5.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 29 9.6 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 9.2 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 9.0 +2.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.7 -1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -6 7.8 +1.0
EEM iShares MSCI Emerging Markets ETF 0.1 69 -10 9.5 +2.6
CIL VictoryShares International Volatility Wtd ETF 0.1 45 14 6.4 -0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.8 -1.1
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 40 6.1 -0.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 7.2 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 10.4 +3.5
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 4.3 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 9.4 +2.5
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 4.1 -2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 26 7.9 +1.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 8.6 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 21 8.6 +1.7
AVES Avantis Emerging Markets Value ETF 0.1 36 23 10.5 +3.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 9.5 +2.6
AVDV Avantis International Small Cap Value ETF 0.1 36 23 8.6 +1.7
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 7.8 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 6.0 -0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 8.1 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 44 7.4 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 10 9.2 +2.3
AVIV Avantis International Large Cap Value ETF 0.0 25 34 8.3 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 9.6 +2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 8.4 +1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.0 39 20 15.5 +8.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 9 10.2 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 9.4 +2.5

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:		 SPDR Dow Jones International Real Estate ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 6.9 %
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.