Schwab International Dividend Equity ETF
ALTAR
Score™		 8.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.9x P/Sales
ratio		 1.3x
P/BV
ratio		 2.1x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SCHY tracks a modified market-cap-weighted index of 100 high-dividend-yielding stocks located outside of the US. Stocks are selected based on additional fundamental criteria and low volatility.

FUND BASICS
Category International Equities
Fund Sponsor Charles Schwab
Website www.schwabassetmanagement.com/products/schy
Inception date Apr 29, 2021
Assets (mns) $2,450
Currency USD
Expense ratio 14 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 134
Wgt avg mkt cap (mns) $79,605
Large cap (>$10bn) 89.1%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 0.3%
Developed mkts 83.4%
Emerging mkts 16.6%

TOP TEN HOLDINGS
UNILEVER PLC 4.6 %
ROCHE PS PAR AG 4.3 %
DEUTSCHE POST AG-REG 4.1 %
GSK PLC 3.9 %
WESFARMERS LIMITED 3.9 %
ENI SPA 3.9 %
TOTAL SA 3.9 %
BHP BILLITON LTD 3.8 %
ENEL SPA 3.8 %
BRITISH AMERICAN TOBACCO PLC 3.7 %
Total 39.8 %

TOP COUNTRY EXPOSURE
FRANCE 13.9 %
BRITAIN 13.7 %
AUSTRALIA 9.7 %
ITALY 8.4 %
GERMANY 8.2 %
NETHERLANDS 4.9 %
SINGAPORE 4.7 %
INDIA 4.1 %
CANADA 3.3 %
SPAIN 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.2% 16.7% 9.0% -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.46 24%
MSCI EAFE 0.61 63%
MSCI Emg. Mkts. 0.23 22%

Technical Indicators
Recent close $31.32
30d moving avg. $32.77
Annualized volatility 13.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 555
Turnover 0.7%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,746

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 439 potential alternatives to the Schwab International Dividend Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SCHY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHY Expense: 14 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHY
Ticker Fund
Name		 Overlap1
vs SCHY
(%)		 Expense
ratio
(bp)		 Savings
vs SCHY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SCHY
(%)
GCOW Pacer Global Cash Cows Dividend ETF 22.4 60 -46 9.6 +0.8
FIDI Fidelity International High Dividend ETF 20.3 18 -4 7.4 -1.4
LVHI Franklin International Low Volatility High Dividend Index ET 17.9 40 -26 7.5 -1.3
DTH WisdomTree International High Dividend Fund 17.2 58 -44 7.4 -1.4
INEQ Columbia International Equity Income ETF 17.1 45 -31 8.0 -0.8
IDV iShares International Select Dividend ETF 16.8 51 -37 9.7 +0.8
IQLT iShares MSCI Intl Quality Factor ETF 15.9 30 -16 5.5 -3.3
IVSI Applied Finance IVS International Large ETF 15.8 65 -51 6.0 -2.8
FEZ SPDR EURO STOXX 50 ETF 15.1 29 -15 5.9 -2.9
AIVI WisdomTree International AI Enhanced Value Fund 15.0 58 -44 6.3 -2.6
FICS First Trust International Developed Capital Strength ETF 14.3 70 -56 7.1 -1.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 14.0 22 -8 5.7 -3.1
DIVI Franklin International Core Dividend Tilt Index ETF 13.9 9 5 6.6 -2.2
IDOG ALPS International Sector Dividend Dogs ETF 13.7 50 -36 9.6 +0.8
HEZU iShares Currency Hedged MSCI Eurozone ETF 13.2 53 -39 5.5 -3.3
EZU iShares MSCI Eurozone ETF 13.2 52 -38 5.8 -3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.2 80 -66 5.8 -3.0
VYMI Vanguard International High Dividend Yield ETF 12.8 17 -3 8.0 -0.8
IDLV Invesco S&P International Developed Low Volatility ETF 12.7 25 -11 6.6 -2.2
DOL WisdomTree International LargeCap Dividend Fund 12.5 48 -34 5.6 -3.2
EFV iShares MSCI EAFE Value ETF 12.4 34 -20 7.6 -1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 12.0 30 -16 6.1 -2.7
IGRO iShares International Dividend Growth ETF 11.8 15 -1 6.8 -2.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 11.8 19 -5 5.4 -3.4
EPP iShares MSCI Pacific ex-Japan ETF 11.3 47 -33 5.0 -3.8
DIHP Dimensional International High Profitability ETF 10.6 29 -15 5.9 -2.9
IQDF FlexShares International Quality Dividend Index Fund 10.5 47 -33 7.5 -1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 10.5 45 -31 5.5 -3.3
EWQ iShares MSCI France ETF 10.3 53 -39 7.2 -1.6
JHID John Hancock International High Dividend ETF 10.3 46 -32 8.1 -0.8
EFAS Global X MSCI SuperDividend EAFE ETF 10.2 57 -43 7.6 -1.3
IMTM iShares MSCI Intl Momentum Factor ETF 10.2 30 -16 4.7 -4.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.1 65 -51 8.3 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 9.9 25 -11 7.4 -1.5
DWM WisdomTree International Equity Fund 9.9 48 -34 5.7 -3.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.9 40 -26 5.8 -3.0
IMFL Invesco International Developed Dynamic Multifactor ETF 9.8 34 -20 5.3 -3.5
IVLU iShares MSCI Intl Value Factor ETF 9.7 30 -16 8.1 -0.7
STXI Strive International Developed Markets ETF 9.7 29 -15 6.4 -2.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.6 35 -21 5.6 -3.2
IDHQ Invesco S&P International Developed High Quality ETF 9.6 29 -15 5.1 -3.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 9.5 32 -18 5.5 -3.4
DWX SPDR S&P International Dividend ETF 9.5 45 -31 7.0 -1.8
IEV iShares Europe ETF 9.5 67 -53 6.2 -2.7
EWA iShares MSCI Australia ETF 9.4 50 -36 5.4 -3.4
FLAU Franklin FTSE Australia ETF 9.4 9 5 6.0 -2.8
FIVA Fidelity International Value Factor ETF 9.4 18 -4 7.4 -1.4
JIRE JPMorgan International Research Enhanced Equity ETF 9.1 24 -10 5.8 -3.0
JHMD John Hancock Multifactor Developed International ETF 9.1 39 -25 6.3 -2.5
BBEU JPMorgan BetaBuilders Europe ETF 9.1 9 5 6.5 -2.3
FDEV Fidelity International Multifactor ETF 9.1 18 -4 7.4 -1.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.1 58 -44 9.2 +0.4
ESGD iShares ESG Aware MSCI EAFE ETF 8.9 20 -6 5.8 -3.0
JIVE JPMorgan International Value ETF 8.9 55 -41 8.1 -0.7
DEW WisdomTree Global High Dividend Fund 8.8 58 -44 7.4 -1.4
HEFA iShares Currency Hedged MSCI EAFE ETF 8.7 35 -21 5.7 -3.1
EFA iShares MSCI EAFE ETF 8.6 35 -21 5.8 -3.0
FRGN Horizon International Equity ETF 8.6 75 -61 7.9 -1.0
FLEE Franklin FTSE Europe ETF 8.6 9 5 6.6 -2.3
NUDM Nuveen ESG International Developed Markets Equity ETF 8.6 31 -17 5.5 -3.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.5 29 -15 7.1 -1.7
SPEU SPDR Portfolio Europe ETF 8.5 7 7 6.8 -2.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8.4 25 -11 6.5 -2.3
EWI iShares MSCI Italy ETF 8.4 50 -36 12.1 +3.3
VGK Vanguard FTSE Europe ETF 8.3 6 8 6.8 -2.0
IEUR iShares Core MSCI Europe ETF 8.3 11 3 6.6 -2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.2 46 -32 5.5 -3.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 8.2 46 -32 7.8 -1.0
GNR SPDR S&P Global Natural Resources ETF 8.0 40 -26 8.3 -0.5
FLGB Franklin FTSE United Kingdom ETF 8.0 9 5 6.9 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 7.9 20 -6 5.9 -2.9
CGDG Capital Group Dividend Growers ETF 7.9 47 -33 5.4 -3.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 7.9 35 -21 10.0 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.9 36 -22 5.2 -3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.6 45 -31 6.8 -2.0
EWU iShares MSCI United Kingdom ETF 7.5 50 -36 7.5 -1.3
INTF iShares International Equity Factor ETF 7.5 15 -1 6.5 -2.3
CGIE Capital Group International Equity ETF 7.5 54 -40 4.6 -4.2
IEFA iShares Core MSCI EAFE ETF 7.4 7 7 6.1 -2.7
SCHF Schwab International Equity ETF 7.4 6 8 5.9 -2.9
JPIN J.P. Morgan Diversified Return International Equity ETF 7.4 37 -23 7.2 -1.6
DFIV Dimensional International Value ETF 7.3 27 -13 7.8 -1.0
HFXI IQ FTSE International Equity Currency Neutral ETF 7.3 20 -6 5.6 -3.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.2 14 0 5.3 -3.5
BKIE BNY Mellon International Equity ETF 7.2 4 10 18.1 +9.3
FENI Fidelity Enhanced International ETF 7.1 28 -14 5.8 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.1 47 -33 7.2 -1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.1 25 -11 6.2 -2.6
DWMF WisdomTree International Multifactor Fund 7.1 38 -24 7.0 -1.8
CWI SPDR MSCI ACWI ex-US ETF 7.1 30 -16 6.4 -2.4
EWG iShares MSCI Germany ETF 7.0 50 -36 6.2 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 7.0 4 10 6.1 -2.8
DFAI Dimensional International Core Equity Market ETF 7.0 18 -4 6.1 -2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.0 44 -30 9.7 +0.9
DAX Global X DAX Germany ETF 7.0 21 -7 6.5 -2.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 6.9 20 -6 5.7 -3.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.9 12 2 5.4 -3.4
PIEL Pacer International Export Leaders ETF 6.9 60 -46 4.1 -4.7
FID First Trust S&P International Dividend Aristocrats ETF 6.8 60 -46 7.8 -1.1
EUFN iShares MSCI Europe Financials ETF 6.8 51 -37 7.0 -1.8
AVIV Avantis International Large Cap Value ETF 6.8 25 -11 7.0 -1.9
IVAL Alpha Architect International Quantitative Value ETF 6.7 49 -35 7.6 -1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.7 56 -42 10.0 +1.2
DVYA iShares Asia/Pacific Dividend ETF 6.7 49 -35 7.0 -1.8
IQDG WisdomTree International Quality Dividend Growth Fund 6.6 42 -28 5.9 -2.9
FEUZ First Trust Eurozone AlphaDEX ETF 6.6 80 -66 7.0 -1.8
TPIF Timothy Plan International ETF 6.6 62 -48 5.7 -3.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.6 58 -44 5.4 -3.4
UMMA Wahed Dow Jones Islamic World ETF 6.6 65 -51 3.5 -5.3
ACWX iShares MSCI ACWI ex U.S. ETF 6.6 34 -20 6.4 -2.5
VEA Vanguard FTSE Developed Markets ETF 6.4 3 11 5.9 -2.9
FGM First Trust Germany AlphaDEX Fund 6.4 80 -66 5.6 -3.3
DMXF iShares ESG Advanced MSCI EAFE ETF 6.4 12 2 4.8 -4.0
IPAC iShares Core MSCI Pacific ETF 6.4 9 5 5.3 -3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.4 29 -15 9.2 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 6.3 3 11 5.8 -3.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.1 39 -25 6.3 -2.5
DFIC Dimensional International Core Equity 2 ETF 6.0 23 -9 6.3 -2.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.0 25 -11 6.0 -2.9
DEM WisdomTree Emerging Markets High Dividend Fund 6.0 63 -49 10.1 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 6.0 4 10 6.7 -2.1
KXI iShares Global Consumer Staples ETF 6.0 41 -27 5.7 -3.1
IQSI IQ Candriam International Equity ETF 5.9 15 -1 5.6 -3.2
ASEA Global X FTSE Southeast Asia ETF 5.9 65 -51 5.2 -3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 41 -27 5.9 -2.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 5.8 24 -10 7.1 -1.8
IXG iShares Global Financials ETF 5.7 42 -28 6.2 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.7 18 -4 6.4 -2.4
IXUS iShares Core MSCI Total International Stock ETF 5.7 7 7 6.6 -2.2
IDMO Invesco S&P International Developed Momentum ETF 5.7 25 -11 5.1 -3.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 5.6 20 -6 5.7 -3.1
WDIV SPDR S&P Global Dividend ETF 5.5 40 -26 9.2 +0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.5 40 -26 6.1 -2.7
VXUS Vanguard Total International Stock ETF 5.4 5 9 6.6 -2.2
AVSD Avantis Responsible International Equity ETF 5.3 23 -9 6.0 -2.8
BKCI BNY Mellon Concentrated International ETF 5.3 80 -66 5.1 -3.7
EUDV ProShares MSCI Europe Dividend Growers ETF 5.3 55 -41 6.1 -2.7
IXC iShares Global Energy ETF 5.2 44 -30 7.0 -1.9
DXIV Dimensional International Vector Equity ETF 5.2 34 -20 6.7 -2.2
QINT American Century Quality Diversified International ETF 5.2 39 -25 6.7 -2.2
JXI iShares Global Utilities ETF 5.2 43 -29 5.7 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.2 39 -25 13.4 +4.6
VIDI Vident International Equity Strategy ETF 5.1 61 -47 8.2 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.1 39 -25 7.0 -1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.1 30 -16 7.4 -1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.0 58 -44 6.8 -2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 5.0 49 -35 13.4 +4.6
ROAM Hartford Multifactor Emerging Markets ETF 5.0 44 -30 7.5 -1.3
DGT State Street SPDR Global Dow ETF 4.9 50 -36 5.7 -3.1
VPL Vanguard FTSE Pacific ETF 4.9 7 7 5.0 -3.9
EWN iShares MSCI Netherlands ETF 4.9 50 -36 4.5 -4.3
DFSI Dimensional International Sustainability Core 1 ETF 4.8 24 -10 5.7 -3.1
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -45 9.9 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 4.8 17 -3 12.9 +4.1
WWJD Inspire International ETF 4.7 80 -66 6.5 -2.3
EFG iShares MSCI EAFE Growth ETF 4.7 36 -22 3.9 -5.0
AVDE Avantis International Equity ETF 4.7 23 -9 6.3 -2.6
RCGE RockCreek Global Equality ETF 4.7 95 -81 6.3 -2.5
VSGX Vanguard ESG International Stock ETF 4.7 10 4 6.6 -2.3
FDEM Fidelity Emerging Markets Multifactor ETF 4.6 25 -11 10.5 +1.7
ECON Columbia Emerging Markets Consumer ETF 4.6 49 -35 6.4 -2.4
FLGR Franklin FTSE Germany ETF 4.6 9 5 7.0 -1.9
XC WisdomTree Emerging Markets Ex-China Fund 4.6 32 -18 6.9 -1.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.5 46 -32 5.7 -3.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.5 65 -51 4.2 -4.6
DSTX Distillate International Fundamental Stability & Value ETF 4.5 55 -41 6.7 -2.1
NXTG First Trust Indxx NextG ETF 4.4 70 -56 3.4 -5.4
EWS iShares MSCI Singapore ETF 4.3 50 -36 3.7 -5.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.3 30 -16 6.4 -2.4
INDA iShares MSCI India ETF 4.2 65 -51 4.9 -3.9
EDIV SPDR S&P Emerging Markets Dividend ETF 4.2 49 -35 9.4 +0.6
EMXF iShares ESG Advanced MSCI EM ETF 4.1 16 -2 6.6 -2.3
HEDJ WisdomTree Europe Hedged Equity Fund 4.1 58 -44 6.2 -2.7
OAIM OneAscent International Equity ETF 4.1 95 -81 4.4 -4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 4.0 36 -22 5.8 -3.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.9 50 -36 5.8 -3.0
FEP First Trust Europe AlphaDEX Fund 3.9 80 -66 7.2 -1.6
JIG JPMorgan International Growth ETF 3.9 55 -41 3.6 -5.2
AIA iShares Asia 50 ETF 3.9 50 -36 7.3 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.9 39 -25 8.3 -0.5
NDIV Amplify Natural Resources Dividend Income ETF 3.9 59 -45 11.8 +3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 3.9 70 -56 6.8 -2.0
IPKW Invesco International BuyBack Achievers ETF 3.9 55 -41 8.1 -0.7
SCHE Schwab Emerging Markets Equity ETF 3.8 11 3 9.5 +0.7
ACWV iShares MSCI Global Min Vol Factor ETF 3.8 20 -6 5.8 -3.1
BKF iShares MSCI BIC ETF 3.8 69 -55 15.7 +6.9
INDY iShares India 50 ETF 3.8 89 -75 5.7 -3.1
EPI WisdomTree India Earnings Fund 3.8 85 -71 5.5 -3.3
SHPP Pacer Industrials and Logistics ETF 3.8 60 -46 6.8 -2.0
EV Mast Global Battery Recycling & Production ETF 3.8 65 -51 6.4 -2.4
MXI iShares Global Materials ETF 3.8 41 -27 6.1 -2.7
BATT Amplify Lithium & Battery Technology ETF 3.8 59 -45 2.1 -6.7
ICOP iShares Copper and Metals Mining ETF 3.8 47 -33 5.4 -3.4
COPX Global X Copper Miners ETF 3.8 65 -51 4.1 -4.7
EMGF iShares Emerging Markets Equity Factor ETF 3.8 25 -11 8.8 -0.0
COPA Themes Copper Miners ETF 3.8 35 -21 2.9 -5.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.8 70 -56 6.8 -2.1
SMOG VanEck Low Carbon Energy ETF 3.8 61 -47 1.4 -7.4
UIVM VictoryShares International Value Momentum ETF 3.7 35 -21 8.1 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.7 65 -51 7.4 -1.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 -64 9.5 +0.7
FDD First Trust Stoxx European Select Dividend Index Fund 3.7 58 -44 10.1 +1.3
ESGE iShares ESG Aware MSCI EM ETF 3.7 25 -11 8.1 -0.8
IXP iShares Global Comm Services ETF 3.7 42 -28 5.9 -2.9
JHEM John Hancock Multifactor Emerging Markets ETF 3.5 49 -35 7.5 -1.3
FLIN Franklin FTSE India ETF 3.4 19 -5 4.4 -4.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 3.4 80 -66 5.4 -3.4
FEOE First Eagle Overseas Equity ETF 3.4 79 -65 6.2 -2.6
VEXC Vanguard Emerging Markets Ex-China ETF 3.3 7 7 5.6 -3.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.3 15 -1 8.0 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.3 30 -16 7.9 -1.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 -5 7.0 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.2 32 -18 4.6 -4.2
GEW Cambria Global EW ETF 3.2 29 -15 5.4 -3.4
VWO Vanguard FTSE Emerging Markets ETF 3.2 7 7 9.3 +0.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 3.2 69 -55 7.6 -1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.2 45 -31 8.0 -0.9
EEM iShares MSCI Emerging Markets ETF 3.2 69 -55 7.7 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 3.2 30 -16 5.2 -3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 3.2 15 -1 5.6 -3.3
DIVY Sound Equity Dividend Income ETF 3.1 45 -31 8.1 -0.8
EWP iShares MSCI Spain ETF 3.1 50 -36 6.0 -2.8
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 -61 8.2 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.1 36 -22 7.5 -1.3
BKEM BNY Mellon Emerging Markets Equity ETF 3.0 11 3 24.1 +15.3
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 -34 8.6 -0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 2.9 55 -41 6.2 -2.6
EMXC iShares MSCI Emerging Markets ex China ETF 2.9 25 -11 4.9 -3.9
EFNL iShares MSCI Finland ETF 2.9 56 -42 5.7 -3.1
OSEA Harbor International Compounders ETF 2.9 55 -41 4.6 -4.3
AGQI First Trust Active Global Quality Income ETF 2.9 85 -71 6.5 -2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 2.9 33 -19 6.5 -2.3
IDNA iShares Genomics Immunology and Healthcare ETF 2.8 47 -33 -0.3 -9.1
IEMG iShares Core MSCI Emerging Markets ETF 2.8 9 5 8.1 -0.7
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 -75 4.3 -4.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.8 15 -1 8.9 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.7 66 -52 7.3 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.7 47 -33 5.3 -3.5
SPEM SPDR Portfolio Emerging Markets ETF 2.7 7 7 9.5 +0.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.7 88 -74 8.5 -0.3
DIVS SmartETFs Dividend Builder ETF 2.6 65 -51 4.5 -4.3
DFAE Dimensional Emerging Core Equity Market ETF 2.6 35 -21 6.9 -1.9
FKU First Trust United Kingdom AlphaDEX Fund 2.5 80 -66 7.3 -1.5
FEGE First Eagle Global Equity ETF 2.5 79 -65 6.1 -2.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.5 38 -24 6.9 -1.9
BLES Inspire Global Hope ETF 2.5 61 -47 5.9 -2.9
AVEM Avantis Emerging Markets Equity ETF 2.5 33 -19 6.9 -1.9
CGDV Capital Group Dividend Value ETF 2.5 33 -19 3.9 -4.9
ESGG FlexShares STOXX Global ESG Select Index Fund 2.4 42 -28 4.0 -4.8
DFEV Dimensional Emerging Markets Value ETF 2.4 43 -29 9.1 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.4 59 -45 8.4 -0.4
KLMT Invesco MSCI Global Climate 500 ETF 2.4 10 4 4.9 -3.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.4 9 5 4.8 -4.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 50 -36 7.9 -0.9
DIM WisdomTree International MidCap Dividend Fund 2.4 58 -44 6.4 -2.4
STXE Strive Emerging Markets Ex-China ETF 2.4 32 -18 5.1 -3.7
MOTG VanEck Morningstar Global Wide Moat ETF 2.4 52 -38 8.1 -0.7
GVAL Cambria Global Value ETF 2.4 68 -54 8.4 -0.5
DEHP Dimensional Emerging Markets High Profitability ETF 2.4 41 -27 4.8 -4.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.4 20 -6 4.7 -4.1
GLOF iShares Global Equity Factor ETF 2.4 20 -6 5.5 -3.3
ACWI iShares MSCI ACWI ETF 2.3 32 -18 4.6 -4.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.3 48 -34 4.8 -4.0
TOK iShares MSCI Kokusai ETF 2.3 26 -12 4.3 -4.5
IGF iShares Global Infrastructure ETF 2.3 41 -27 4.6 -4.2
GII SPDR S&P Global Infrastructure ETF 2.3 40 -26 4.7 -4.2
ICPY Tweedy, Browne International Insider Value ETF 2.3 80 -66 20.9 +12.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.3 33 -19 6.7 -2.2
DVYE iShares Emerging Markets Dividend ETF 2.3 49 -35 17.8 +9.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.3 33 -19 5.9 -2.9
EEMA iShares MSCI Emerging Markets Asia ETF 2.3 49 -35 7.4 -1.4
MEM Matthews Emerging Markets Equity Active ETF 2.3 79 -65 8.6 -0.2
URTH iShares MSCI World ETF 2.3 24 -10 4.3 -4.5
CZAR Themes Natural Monopoly ETF 2.3 35 -21 5.3 -3.5
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 -44 7.2 -1.7
BINV Brandes International ETF 2.2 70 -56 8.7 -0.1
AQLT iShares MSCI Global Quality Factor ETF 2.2 18 -4 0.0 -8.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.2 67 -53 12.5 +3.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.2 24 -10 5.0 -3.8
XCEM Columbia EM Core ex-China ETF 2.2 16 -2 4.8 -4.1
CGXU Capital Group International Focus Equity ETF 2.2 54 -40 3.8 -5.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.2 41 -27 6.8 -2.0
AVES Avantis Emerging Markets Value ETF 2.2 36 -22 9.0 +0.2
DXJ WisdomTree Japan Hedged Equity Fund 2.2 48 -34 5.0 -3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 2.1 9 5 4.4 -4.4
CCNR ALPS CoreCommodity Natural Resources ETF 2.1 39 -25 8.4 -0.4
KOCG FIS Knights of Columbus Global Belief ETF 2.1 75 -61 4.6 -4.2
DFNL Davis Select Financial ETF 2.1 63 -49 7.6 -1.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.1 49 -35 8.1 -0.7
EWC iShares MSCI Canada ETF 2.1 50 -36 5.2 -3.6
JGLO JPMorgan Global Select Equity ETF 2.1 33 -19 4.3 -4.5
IOO iShares Global 100 ETF 2.1 41 -27 3.8 -5.0
VT Vanguard Total World Stock ETF 2.1 6 8 5.0 -3.8
KSA iShares MSCI Saudi Arabia ETF 2.1 74 -60 0.0 -8.8
FLSA Franklin FTSE Saudi Arabia ETF 2.1 39 -25 0.0 -8.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -56 9.9 +1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.1 45 -31 9.9 +1.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.0 25 -11 5.5 -3.3
DTAN Sparkline International Intangible Value ETF 2.0 55 -41 7.3 -1.5
FAN First Trust Global Wind Energy ETF 1.9 60 -46 3.2 -5.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.9 49 -35 8.6 -0.3
EWJV iShares MSCI Japan Value ETF 1.9 15 -1 6.5 -2.4
CGGO Capital Group Global Growth Equity ETF 1.9 47 -33 4.1 -4.7
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 -21 4.0 -4.8
URA Global X Uranium ETF 1.9 69 -55 1.2 -7.7
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 -35 4.6 -4.2
FRNW Fidelity Clean Energy ETF 1.8 39 -25 2.2 -6.6
PRNT 3D Printing ETF 1.8 66 -52 1.1 -7.7
CGUS Capital Group Core Equity ETF 1.8 33 -19 3.6 -5.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 -18 7.6 -1.2
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -66 14.7 +5.9
FDFF Fidelity Disruptive Finance ETF 1.7 50 -36 5.5 -3.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.7 80 -66 3.9 -5.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.7 75 -61 6.2 -2.6
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -61 7.1 -1.7
EXI iShares Global Industrials ETF 1.7 42 -28 3.7 -5.1
FLCH Franklin FTSE China ETF 1.7 19 -5 19.9 +11.1
GSIB Themes Global Systemically Important Banks ETF 1.7 35 -21 8.0 -0.9
GXC SPDR S & P China ETF 1.7 59 -45 20.5 +11.7
MCHI iShares MSCI China ETF 1.7 59 -45 22.3 +13.5
JCHI JPMorgan Active China ETF 1.7 65 -51 16.9 +8.1
RGEF Rockefeller Global Equity ETF 1.7 55 -41 3.8 -5.0
FXI iShares China Large-Cap ETF 1.7 74 -60 22.6 +13.8
MCH Matthews China Active ETF 1.7 79 -65 16.1 +7.2
BLOK Amplify Transformational Data Sharing ETF 1.6 75 -61 -0.1 -8.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.6 53 -39 4.9 -3.9
EWZ iShares MSCI Brazil ETF 1.6 58 -44 10.2 +1.4
FLLA Franklin FTSE Latin America ETF 1.5 19 -5 10.7 +1.9
SAGP Strategas Global Policy Opportunities ETF 1.5 65 -51 5.1 -3.7
THD iShares MSCI Thailand ETF 1.5 58 -44 0.0 -8.8
FLV American Century Focused Large Cap Value ETF 1.5 42 -28 6.0 -2.8
NUKZ Range Nuclear Renaissance Index ETF 1.4 85 -71 1.7 -7.1
POW VistaShares Electrification Supercycle ETF 1.4 75 -61 2.3 -6.5
URAN Themes Uranium & Nuclear ETF 1.4 35 -21 1.3 -7.5
RXI iShares Global Consumer Discretionary ETF 1.4 41 -27 9.1 +0.3
GINX SGI Enhanced Global Income ETF 1.3 98 -84 6.7 -2.1
ENOR iShares MSCI Norway ETF 1.3 53 -39 7.9 -0.9
NORW Global X MSCI Norway ETF 1.3 50 -36 8.1 -0.7
VIGI Vanguard International Dividend Appreciation ETF 1.3 10 4 6.1 -2.7
XT iShares Exponential Technologies ETF 1.3 46 -32 3.8 -5.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 2 4.5 -4.4
BITQ Bitwise Crypto Industry Innovators ETF 1.3 85 -71 -2.2 -11.0
AFK VanEck Africa Index ETF 1.3 98 -84 11.2 +2.4
EZA iShares MSCI South Africa ETF 1.2 58 -44 9.9 +1.1
IXJ iShares Global Healthcare ETF 1.2 42 -28 6.3 -2.6
JPXN iShares JPX-Nikkei 400 ETF 1.2 48 -34 5.0 -3.8
FTHF First Trust Emerging Markets Human Flourishing ETF 1.2 75 -61 5.4 -3.4
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -52 8.8 -0.0
PATN Pacer Nasdaq International Patent Leaders ETF 1.2 65 -51 4.0 -4.9
FLBR Franklin FTSE Brazil ETF 1.1 19 -5 11.2 +2.4
QTUM Defiance Quantum ETF 1.1 40 -26 3.6 -5.2
TIIV AAM Todd International Intrinsic Value ETF 1.1 54 -40 9.8 +1.0
GLBL Pacer MSCI World Industry Advantage ETF 1.1 65 -51 3.4 -5.5
FRDM Freedom 100 Emerging Markets ETF 1.1 49 -35 5.2 -3.6
JADE JPMorgan Active Developing Markets Equity ETF 1.1 65 -51 5.9 -2.9
WLDR Affinity World Leaders Equity ETF 1.0 67 -53 5.6 -3.2
HEWJ iShares Currency Hedged MSCI Japan ETF 1.0 50 -36 5.0 -3.8
DTEC ALPS Disruptive Technologies ETF 1.0 50 -36 3.5 -5.3
EWJ iShares MSCI Japan ETF 1.0 50 -36 4.5 -4.3
WRND IQ Global Equity R&D Leaders ETF 0.9 18 -4 4.0 -4.8
PIN Invesco India ETF 0.9 78 -64 5.5 -3.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -66 6.8 -2.0
BBJP JPMorgan BetaBuilders Japan ETF 0.9 19 -5 5.0 -3.9
FFLC Fidelity Fundamental Large Cap Core ETF 0.9 38 -24 3.9 -4.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.9 47 -33 4.3 -4.5
SDIV Global X Superdividend ETF 0.9 58 -44 14.6 +5.8
INCO Columbia India Consumer ETF 0.8 75 -61 2.3 -6.5
JDOC JPMorgan Healthcare Leaders ETF 0.8 65 -51 3.5 -5.3
EIPX FT Energy Income Partners Strategy ETF 0.8 95 -81 6.0 -2.8
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -44 8.0 -0.8
TOLL Tema Durable Quality ETF 0.8 75 -61 3.7 -5.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 4 9.3 +0.5
FLJP Franklin FTSE Japan ETF 0.8 9 5 5.0 -3.8
FLJH Franklin FTSE Japan Hedged ETF 0.7 9 5 4.8 -4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 -15 6.2 -2.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -38 3.7 -5.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -46 3.6 -5.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.7 60 -46 11.1 +2.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.7 25 -11 5.1 -3.8
FDCF Fidelity Disruptive Communications ETF 0.7 50 -36 1.8 -7.0
FDNI First Trust Dow Jones International Internet ETF 0.7 65 -51 28.0 +19.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.6 12 2 9.3 +0.5
GQRE FlexShares Global Quality Real Estate Index Fund 0.6 45 -31 8.0 -0.8
QAT iShares MSCI Qatar ETF 0.6 59 -45 58.2 +49.4
MOTI VanEck Morningstar International Moat ETF 0.6 58 -44 10.5 +1.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -25 6.7 -2.1
EIPI FT Energy Income Partners Enhanced Income ETF 0.5 110 -96 5.7 -3.2
FLN First Trust Latin America AlphaDEX Fund 0.5 80 -66 10.1 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -35 6.1 -2.7
DFIS Dimensional International Small Cap ETF 0.5 39 -25 6.2 -2.7
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 -25 7.5 -1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -76 3.3 -5.5
BBCA JPMorgan BetaBuilders Canada ETF 0.5 19 -5 5.5 -3.4
ILF iShares Latin America 40 ETF 0.5 48 -34 9.7 +0.9
ISHP First Trust Nasdaq Retail ETF 0.5 60 -46 5.8 -3.0
GLIN VanEck India Growth Leaders ETF 0.5 77 -63 5.9 -2.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -56 4.3 -4.5
FVD First Trust Value Line Dividend Index Fund 0.4 65 -51 6.0 -2.8
EWW iShares MSCI Mexico ETF 0.4 50 -36 9.1 +0.3
OTGL OTG Latin America ETF 0.4 269 -255 8.0 -0.8
FLMX Franklin FTSE Mexico ETF 0.4 19 -5 9.7 +0.9
IDX VanEck Indonesia Index ETF 0.4 57 -43 10.4 +1.6
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -56 7.3 -1.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.4 60 -46 6.8 -2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 -44 3.6 -5.2
CGV Conductor Global Equity Value ETF 0.3 130 -116 7.9 -0.9
EWH iShares MSCI Hong Kong ETF 0.3 50 -36 5.6 -3.3
FLCA Franklin FTSE Canada ETF 0.3 9 5 5.6 -3.3
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 -54 2.7 -6.2
KNCT Invesco Next Gen Connectivity ETF 0.3 40 -26 2.8 -6.0
EWM iShares MSCI Malaysia ETF 0.3 50 -36 6.8 -2.0
EIDO iShares MSCI Indonesia ETF 0.3 59 -45 11.8 +2.9
YNOT Horizon Digital Frontier ETF 0.3 75 -61 2.5 -6.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -66 7.1 -1.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.3 80 -66 8.7 -0.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -56 6.4 -2.4
ENZL iShares MSCI New Zealand ETF 0.2 50 -36 3.8 -5.0
WOOD iShares Global Timber & Forestry ETF 0.2 42 -28 11.9 +3.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.2 85 -71 2.9 -5.9
KBWR Invesco KBW Regional Banking ETF 0.2 35 -21 8.5 -0.3
BCDF Horizon Kinetics Blockchain Development ETF 0.2 85 -71 3.9 -5.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 -28 7.6 -1.2
BRAZ Global X Brazil Active ETF 0.2 75 -61 10.1 +1.3
UAE iShares MSCI UAE ETF 0.2 59 -45 0.0 -8.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 -44 8.6 -0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -51 6.7 -2.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -26 6.2 -2.7
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -45 7.9 -0.9
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -36 6.8 -2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 -35 4.8 -4.0
ALRG Allspring LT Large Core ETF 0.1 28 -14 3.5 -5.3
WSML iShares MSCI World Small-Cap ETF 0.1 15 -1 5.5 -3.4
EDEN iShares MSCI Denmark ETF 0.1 53 -39 6.5 -2.3
AVDS Avantis International Small Cap Equity ETF 0.1 30 -16 6.0 -2.8
DISV Dimensional International Small Cap Value ETF 0.1 42 -28 8.0 -0.9
FLKR Franklin FTSE South Korea ETF 0.1 9 5 3.9 -4.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 6 6.4 -2.4
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 -36 5.3 -3.5
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 -9 7.3 -1.5

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:		 Schwab International Dividend Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 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.