Vanguard Emerging Markets Ex-China ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.3x P/Sales
ratio		 2.2x
P/BV
ratio		 3.3x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Emerging Markets Ex-China ETF seeks to provide broad exposure to emerging market equities, excluding companies in China, with the goal of tracking the performance of the FTSE Emerging Markets Ex China Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Vanguard
Website advisors.vanguard.com/investments/products/vexc/vanguard-emerging-markets-ex-china-etf
Inception date Sep 30, 2025
Assets (mns) $217
Currency USD
Expense ratio 7 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1025
Wgt avg mkt cap (mns) $0
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 23.4 %
MEDIATEK INC 2.6 %
DELTA ELECTRONICS INC 1.9 %
HON HAI PRECISION INDUSTRY 1.5 %
RELIANCE INDUSTRIES LTD 1.2 %
HDFC BANK LIMITED 1.2 %
ICICI BANK LTD 0.9 %
ADVANCED SEMICONDUCTOR ENGR 0.8 %
VALE SA 0.8 %
BHARTI AIRTEL LIMITED 0.7 %
Total 35.0 %

TOP COUNTRY EXPOSURE
TAIWAN 44.6 %
INDIA 18.1 %
BRAZIL 5.7 %
SAUDI ARABIA 4.2 %
SOUTH AFRICA 4.0 %
MEXICO 2.9 %
MALAYSIA 2.1 %
UAE 1.7 %
THAILAND 1.5 %
TURKEY 1.0 %

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.
19.3% -- -- -- 25.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $91.25
30d moving avg. $92.67
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 31
Turnover 1.3%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 423 potential alternatives to the Vanguard Emerging Markets Ex-China ETF ETF based on the alternatives' overlap in portfolio holdings with VEXC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VEXC Expense: 7 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VEXC
Ticker Fund
Name		 Overlap1
vs VEXC
(%)		 Expense
ratio
(bp)		 Savings
vs VEXC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs VEXC
(%)
EMXC iShares MSCI Emerging Markets ex China ETF 64.1 25 -18 5.1 -0.7
VWO Vanguard FTSE Emerging Markets ETF 60.4 7 0 9.2 +3.4
SCHE Schwab Emerging Markets Equity ETF 59.9 11 -4 9.5 +3.8
STXE Strive Emerging Markets Ex-China ETF 57.4 32 -25 5.2 -0.5
XCEM Columbia EM Core ex-China ETF 51.3 16 -9 4.9 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 51.1 7 0 9.5 +3.7
EEM iShares MSCI Emerging Markets ETF 51.0 69 -62 7.8 +2.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 50.9 69 -62 7.4 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 50.2 30 -23 8.0 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 50.0 15 -8 8.0 +2.3
BKEM BNY Mellon Emerging Markets Equity ETF 48.7 11 -4 7.9 +2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 48.7 24 -17 5.2 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 48.3 66 -59 7.2 +1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 48.0 36 -29 7.6 +1.9
IEMG iShares Core MSCI Emerging Markets ETF 47.7 9 -2 8.2 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 46.3 49 -42 7.5 +1.8
DFAE Dimensional Emerging Core Equity Market ETF 45.3 35 -28 7.0 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 45.2 49 -42 7.5 +1.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 44.5 32 -25 7.4 +1.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 44.5 15 -8 8.8 +3.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 42.7 45 -38 8.1 +2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 42.6 70 -63 6.9 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 42.2 53 -46 5.1 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 40.7 30 -23 7.6 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 40.5 19 -12 7.1 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 40.5 32 -25 4.8 -0.9
EMXF iShares ESG Advanced MSCI EM ETF 40.4 16 -9 6.7 +1.0
FLTW Franklin FTSE Taiwan ETF 40.0 19 -12 3.4 -2.4
EWT iShares MSCI Taiwan ETF 38.8 58 -51 3.0 -2.7
ESGE iShares ESG Aware MSCI EM ETF 38.4 25 -18 8.3 +2.5
EMGF iShares Emerging Markets Equity Factor ETF 38.1 25 -18 8.8 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 37.3 38 -31 7.0 +1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 37.2 39 -32 13.7 +8.0
PXH Invesco FTSE RAFI Emerging Markets ETF 36.4 49 -42 13.4 +7.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 36.3 33 -26 6.7 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 36.1 49 -42 8.6 +2.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 35.4 75 -68 6.4 +0.6
DEHP Dimensional Emerging Markets High Profitability ETF 34.6 41 -34 4.8 -0.9
ECON Columbia Emerging Markets Consumer ETF 34.6 49 -42 6.6 +0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 34.5 41 -34 6.9 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 33.4 17 -10 12.9 +7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.7 20 -13 7.4 +1.7
AIA iShares Asia 50 ETF 31.2 50 -43 7.7 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 30.9 59 -52 8.6 +2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 30.8 33 -26 6.1 +0.4
JIVE JPMorgan International Value ETF 30.8 55 -48 8.4 +2.6
JADE JPMorgan Active Developing Markets Equity ETF 30.3 65 -58 6.1 +0.3
AVEM Avantis Emerging Markets Equity ETF 29.9 33 -26 7.0 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 29.4 50 -43 8.1 +2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 29.0 36 -29 6.1 +0.4
XC WisdomTree Emerging Markets Ex-China Fund 27.2 32 -25 6.6 +0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 27.0 40 -33 6.3 +0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.8 44 -37 9.5 +3.8
FTHF First Trust Emerging Markets Human Flourishing ETF 26.6 75 -68 5.8 +0.1
AGIX KraneShares Artificial Intelligence and Technology ETF 26.0 99 -92 1.0 -4.7
DFEV Dimensional Emerging Markets Value ETF 25.7 43 -36 9.4 +3.7
FDEM Fidelity Emerging Markets Multifactor ETF 25.6 25 -18 10.4 +4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 25.1 33 -26 6.6 +0.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 24.5 88 -81 8.4 +2.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.9 25 -18 6.2 +0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 23.8 48 -41 8.4 +2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 23.3 35 -28 10.0 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.8 95 -88 10.0 +4.3
ROAM Hartford Multifactor Emerging Markets ETF 22.0 44 -37 7.5 +1.8
BKF iShares MSCI BIC ETF 21.8 69 -62 14.9 +9.1
RNEM First Trust Emerging Markets Equity Select ETF 20.8 75 -68 8.2 +2.5
EMM Global X Emerging Markets ex-China ETF 20.5 75 -68 4.7 -1.0
EMC Global X Emerging Markets Great Consumer ETF 20.4 75 -68 7.1 +1.3
MEM Matthews Emerging Markets Equity Active ETF 19.4 79 -72 8.5 +2.7
AVES Avantis Emerging Markets Value ETF 19.2 36 -29 8.9 +3.2
VSGX Vanguard ESG International Stock ETF 18.7 10 -3 6.6 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 17.5 4 3 6.7 +1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.1 29 -22 8.9 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 17.1 34 -27 6.4 +0.6
FLIN Franklin FTSE India ETF 16.9 19 -12 4.2 -1.5
FRDM Freedom 100 Emerging Markets ETF 16.7 49 -42 5.3 -0.4
PATN Pacer Nasdaq International Patent Leaders ETF 16.6 65 -58 4.0 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.6 41 -34 6.0 +0.3
INDA iShares MSCI India ETF 16.5 65 -58 4.7 -1.1
VXUS Vanguard Total International Stock ETF 16.5 5 2 6.7 +0.9
PIN Invesco India ETF 16.2 78 -71 4.8 -0.9
IXUS iShares Core MSCI Total International Stock ETF 16.0 7 0 6.6 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 16.0 18 -11 6.4 +0.6
VYMI Vanguard International High Dividend Yield ETF 16.0 17 -10 8.1 +2.3
EPI WisdomTree India Earnings Fund 15.4 85 -78 5.2 -0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.3 42 -35 4.1 -1.7
DEM WisdomTree Emerging Markets High Dividend Fund 14.3 63 -56 10.3 +4.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 12.8 30 -23 6.4 +0.7
FEM First Trust Emerging Markets AlphaDEX Fund 12.5 80 -73 9.0 +3.2
FRGN Horizon International Equity ETF 11.6 75 -68 7.8 +2.0
INDY iShares India 50 ETF 11.6 89 -82 5.4 -0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 11.6 80 -73 5.0 -0.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 11.5 90 -83 3.7 -2.0
AQLT iShares MSCI Global Quality Factor ETF 11.3 18 -11 0.0 -5.7
KNCT Invesco Next Gen Connectivity ETF 10.5 40 -33 2.9 -2.8
MINV Matthews Asia Innovators Active ETF 10.4 79 -72 5.1 -0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 10.2 45 -38 9.7 +4.0
ACWV iShares MSCI Global Min Vol Factor ETF 10.1 20 -13 5.7 0.0
CLNR IQ Cleaner Transport ETF 9.8 45 -38 3.9 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 9.8 29 -22 6.6 +0.8
JIG JPMorgan International Growth ETF 9.6 55 -48 3.6 -2.1
CWI SPDR MSCI ACWI ex-US ETF 9.4 30 -23 6.5 +0.8
FLLA Franklin FTSE Latin America ETF 9.3 19 -12 10.9 +5.2
CGXU Capital Group International Focus Equity ETF 9.3 54 -47 3.8 -2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.2 47 -40 7.2 +1.5
WRND IQ Global Equity R&D Leaders ETF 8.6 18 -11 4.0 -1.7
IQDF FlexShares International Quality Dividend Index Fund 8.6 47 -40 7.6 +1.8
NXTG First Trust Indxx NextG ETF 8.5 70 -63 3.4 -2.3
IGRO iShares International Dividend Growth ETF 7.5 15 -8 6.8 +1.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 7.3 75 -68 1.7 -4.0
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 -41 5.7 -0.1
IXN iShares Global Tech ETF 6.9 41 -34 2.6 -3.1
FBOT Fidelity Disruptive Automation ETF 6.5 50 -43 2.9 -2.9
AIVC Amplify Bloomberg AI Value Chain ETF 6.2 59 -52 3.3 -2.5
FLN First Trust Latin America AlphaDEX Fund 6.2 80 -73 10.4 +4.7
ACWI iShares MSCI ACWI ETF 6.2 32 -25 4.6 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.1 20 -13 4.7 -1.0
ARTY iShares Future AI & Tech ETF 6.1 47 -40 2.4 -3.4
VT Vanguard Total World Stock ETF 6.0 6 1 5.0 -0.7
GLOF iShares Global Equity Factor ETF 5.6 20 -13 5.6 -0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 5.5 70 -63 6.5 +0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.4 12 -5 4.4 -1.3
NDIA Global X India Active ETF 5.3 75 -68 5.3 -0.5
EWZ iShares MSCI Brazil ETF 5.3 58 -51 11.2 +5.4
EDIV SPDR S&P Emerging Markets Dividend ETF 5.2 49 -42 9.1 +3.3
FLBR Franklin FTSE Brazil ETF 5.2 19 -12 12.2 +6.5
AGQI First Trust Active Global Quality Income ETF 5.1 85 -78 6.5 +0.7
BAI iShares AI Innovation and Tech Active ETF 5.0 55 -48 0.9 -4.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.9 70 -63 9.5 +3.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.7 60 -53 9.2 +3.4
OAIM OneAscent International Equity ETF 4.5 95 -88 4.7 -1.1
JSTC Adasina Social Justice All Cap Global ETF 4.5 89 -82 4.3 -1.4
TINY ProShares Nanotechnology ETF 4.3 58 -51 1.3 -4.5
KLMT Invesco MSCI Global Climate 500 ETF 4.3 10 -3 5.0 -0.8
QTUM Defiance Quantum ETF 4.3 40 -33 3.5 -2.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 -39 7.8 +2.0
FLSA Franklin FTSE Saudi Arabia ETF 4.2 39 -32 0.0 -5.7
KSA iShares MSCI Saudi Arabia ETF 4.1 74 -67 0.0 -5.7
EYLD Cambria Emerging Shareholder Yield ETF 4.1 66 -59 9.2 +3.5
CHPX Global X AI Semiconductor & Quantum ETF 4.1 50 -43 1.6 -4.2
MOTI VanEck Morningstar International Moat ETF 4.0 58 -51 10.2 +4.5
VIDI Vident International Equity Strategy ETF 3.9 61 -54 8.1 +2.3
DVYE iShares Emerging Markets Dividend ETF 3.8 49 -42 17.9 +12.2
EZA iShares MSCI South Africa ETF 3.7 58 -51 9.3 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 -32 8.0 +2.2
ILF iShares Latin America 40 ETF 3.5 48 -41 10.0 +4.2
ROBO ROBO Global Robotics & Automation Index ETF 3.4 95 -88 2.3 -3.5
WWJD Inspire International ETF 3.4 80 -73 6.4 +0.7
SCHY Schwab International Dividend Equity ETF 3.4 14 -7 8.5 +2.7
MOTG VanEck Morningstar Global Wide Moat ETF 3.3 52 -45 8.0 +2.3
AFK VanEck Africa Index ETF 3.2 98 -91 11.2 +5.5
CHAT Roundhill Generative AI & Technology ETF 3.2 75 -68 3.9 -1.8
GVAL Cambria Global Value ETF 3.1 68 -61 9.0 +3.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.1 67 -60 12.8 +7.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.1 78 -71 9.7 +4.0
XT iShares Exponential Technologies ETF 3.0 46 -39 3.8 -1.9
BLES Inspire Global Hope ETF 3.0 61 -54 5.7 -0.0
FLMX Franklin FTSE Mexico ETF 2.9 19 -12 8.8 +3.0
EWW iShares MSCI Mexico ETF 2.9 50 -43 8.4 +2.6
IGPT Invesco AI and Next Gen Software ETF 2.9 60 -53 2.4 -3.4
FDTX Fidelity Disruptive Technology ETF 2.8 50 -43 1.5 -4.2
SNSR Global X Internet of Things ETF 2.8 68 -61 3.2 -2.5
INCO Columbia India Consumer ETF 2.8 75 -68 2.2 -3.5
VIGI Vanguard International Dividend Appreciation ETF 2.8 10 -3 6.1 +0.3
OCEN IQ Clean Oceans ETF 2.7 45 -38 4.6 -1.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.5 42 -35 7.6 +1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 58 -51 8.4 +2.7
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 -48 6.7 +0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.3 55 -48 5.7 0.0
GLIN VanEck India Growth Leaders ETF 2.3 77 -70 5.5 -0.3
DWX SPDR S&P International Dividend ETF 2.2 45 -38 6.8 +1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.2 47 -40 5.0 -0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 -2 4.9 -0.9
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 -43 3.2 -2.6
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -58 5.5 -0.2
DEW WisdomTree Global High Dividend Fund 2.0 58 -51 7.2 +1.5
IBAT iShares Energy Storage & Materials ETF 2.0 47 -40 1.5 -4.3
POW VistaShares Electrification Supercycle ETF 1.9 75 -68 2.0 -3.7
EWM iShares MSCI Malaysia ETF 1.9 50 -43 6.5 +0.7
SDIV Global X Superdividend ETF 1.9 58 -51 13.8 +8.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 -53 10.7 +5.0
UAE iShares MSCI UAE ETF 1.7 59 -52 0.0 -5.7
AIS VistaShares Artificial Intelligence Supercycle ETF 1.7 75 -68 0.9 -4.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -53 6.6 +0.9
DGT State Street SPDR Global Dow ETF 1.5 50 -43 5.7 -0.1
FCLD Fidelity Cloud Computing ETF 1.5 39 -32 3.0 -2.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -58 7.3 +1.5
AIQ Global X Artificial Intelligence & Technology ETF 1.4 68 -61 2.7 -3.1
BRAZ Global X Brazil Active ETF 1.3 75 -68 10.8 +5.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -58 1.4 -4.4
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -72 7.5 +1.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 -42 4.5 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 -5 8.8 +3.0
PBD Invesco Global Clean Energy ETF 1.3 75 -68 0.2 -5.6
JGLO JPMorgan Global Select Equity ETF 1.2 33 -26 4.3 -1.4
DGIN VanEck Digital India ETF 1.2 71 -64 1.5 -4.2
IXG iShares Global Financials ETF 1.2 42 -35 6.3 +0.5
FEOE First Eagle Overseas Equity ETF 1.1 79 -72 6.2 +0.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 -32 8.1 +2.4
CGGO Capital Group Global Growth Equity ETF 1.1 47 -40 4.1 -1.7
OTGL OTG Latin America ETF 1.1 269 -262 7.9 +2.2
SMIN iShares MSCI India Small Cap ETF 1.1 79 -72 3.5 -2.3
FPXI First Trust International Equity Opportunities ETF 1.1 70 -63 3.7 -2.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 -38 -0.9 -6.7
FEGE First Eagle Global Equity ETF 1.1 79 -72 6.1 +0.3
HAP VanEck Natural Resources ETF 1.1 50 -43 6.8 +1.0
GMET VanEck Green Metals ETF 1.1 63 -56 0.5 -5.2
TTAI FCF International Quality ETF 1.0 59 -52 6.8 +1.0
RCGE RockCreek Global Equality ETF 1.0 95 -88 6.2 +0.4
IDX VanEck Indonesia Index ETF 0.9 57 -50 11.0 +5.3
QAT iShares MSCI Qatar ETF 0.9 59 -52 44.8 +39.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.9 45 -38 1.8 -3.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 -58 6.5 +0.7
EIDO iShares MSCI Indonesia ETF 0.9 59 -52 12.0 +6.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -73 12.2 +6.5
TUR iShares MSCI Turkey ETF 0.9 58 -51 13.3 +7.6
ECH iShares MSCI Chile ETF 0.8 58 -51 7.8 +2.0
GREK Global X MSCI Greece ETF 0.7 57 -50 9.4 +3.7
MXI iShares Global Materials ETF 0.7 41 -34 6.0 +0.2
FID First Trust S&P International Dividend Aristocrats ETF 0.7 60 -53 7.8 +2.0
WDIV SPDR S&P Global Dividend ETF 0.7 40 -33 9.1 +3.3
KXI iShares Global Consumer Staples ETF 0.7 41 -34 5.3 -0.4
FTAG First Trust Indxx Global Agriculture ETF 0.7 70 -63 7.2 +1.5
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 -51 5.9 +0.1
CGGR Capital Group Growth ETF 0.7 39 -32 2.6 -3.2
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 -32 7.7 +1.9
RING iShares MSCI Global Gold Miners ETF 0.6 39 -32 3.8 -2.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.6 10 -3 8.6 +2.9
ANEW ProShares MSCI Transformational Changes ETF 0.6 45 -38 4.4 -1.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -48 3.7 -2.0
BINV Brandes International ETF 0.5 70 -63 8.6 +2.9
EPHE iShares MSCI Philippines ETF 0.5 59 -52 0.0 -5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -51 3.4 -2.4
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -58 3.5 -2.2
IHAK iShares Cybersecurity & Tech ETF 0.5 47 -40 3.5 -2.2
GEW Cambria Global EW ETF 0.5 29 -22 5.4 -0.3
ICOP iShares Copper and Metals Mining ETF 0.5 47 -40 5.6 -0.1
BATT Amplify Lithium & Battery Technology ETF 0.5 59 -52 1.9 -3.9
FPAG FPA Global Equity ETF 0.5 49 -42 5.8 +0.1
CGV Conductor Global Equity Value ETF 0.4 130 -123 7.7 +1.9
JXI iShares Global Utilities ETF 0.4 43 -36 5.2 -0.6
TMFG Motley Fool Global Opportunities ETF 0.4 85 -78 3.7 -2.0
ICLN iShares Global Clean Energy ETF 0.4 41 -34 1.7 -4.1
UIVM VictoryShares International Value Momentum ETF 0.3 35 -28 8.2 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -63 3.8 -2.0
EXI iShares Global Industrials ETF 0.3 42 -35 3.6 -2.2
COLO Global X MSCI Colombia ETF 0.3 62 -55 16.2 +10.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -79 13.4 +7.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.3 86 -79 0.3 -5.4
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -43 6.3 +0.6
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -52 7.4 +1.7
INQQ India Internet & Ecommerce ETF 0.3 86 -79 0.7 -5.1
CGW Invesco S&P Global Water Index ETF 0.3 57 -50 4.6 -1.1
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 -32 4.4 -1.3
ARVR First Trust Indxx Metaverse ETF 0.3 70 -63 3.6 -2.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.3 59 -52 11.8 +6.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 -40 5.1 -0.7
AVRE Avantis Real Estate ETF 0.2 17 -10 6.8 +1.0
DFGR Dimensional Global Real Estate ETF 0.2 22 -15 7.0 +1.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.2 70 -63 2.2 -3.5
REET iShares Global REIT ETF 0.2 14 -7 7.0 +1.2
MOO VanEck Agribusiness ETF 0.2 53 -46 9.2 +3.5
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -51 7.4 +1.6
SHPP Pacer Industrials and Logistics ETF 0.2 60 -53 6.6 +0.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 -68 3.4 -2.4
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -103 3.1 -2.7
ARKK ARK Innovation ETF 0.2 75 -68 -3.0 -8.7
ARKQ ARK Autonomous Technology & Robotics ETF 0.2 75 -68 0.9 -4.9
ARKW ARK Next Generation Internet ETF 0.2 87 -80 0.7 -5.1
ARKX ARK Space Exploration & Innovation ETF 0.2 75 -68 -0.0 -5.8
BKCI BNY Mellon Concentrated International ETF 0.2 80 -73 4.9 -0.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 -54 1.5 -4.2
BLOK Amplify Transformational Data Sharing ETF 0.2 75 -68 -0.1 -5.9
TIME Clockwise Core Equity & Innovation ETF 0.2 95 -88 2.1 -3.7
DIVS SmartETFs Dividend Builder ETF 0.2 65 -58 4.5 -1.3
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -52 2.1 -3.6
FBCV Fidelity Blue Chip Value ETF 0.2 59 -52 5.8 +0.0
FFND Future Fund Active ETF 0.2 100 -93 4.3 -1.4
FFTY Innovator IBD 50 ETF 0.2 80 -73 -0.0 -5.8
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 -52 3.4 -2.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 0.2 65 -58 3.5 -2.2
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -45 3.7 -2.0
GURU Global X Guru Index ETF 0.2 75 -68 2.4 -3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 0.2 45 -38 2.4 -3.4
IQM Franklin Intelligent Machines ETF 0.2 50 -43 1.1 -4.7
IVES Wedbush ETFMG Global Cloud Technology ETF 0.2 68 -61 3.5 -2.2
KOCG FIS Knights of Columbus Global Belief ETF 0.2 75 -68 4.4 -1.3
LRGE ClearBridge Large Cap Growth ESG ETF 0.2 59 -52 2.7 -3.1
METV Roundhill Ball Metaverse ETF 0.2 59 -52 8.1 +2.3
MOTO SmartETFs Smart Transportation & Technology ETF 0.2 68 -61 5.2 -0.6
NETZ TCW Transform Systems ETF 0.2 75 -68 1.3 -4.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.2 52 -45 5.1 -0.7
RFFC ALPS Active Equity Opportunity ETF 0.2 48 -41 3.7 -2.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 -54 -0.7 -6.5
SFYF SoFi Social 50 ETF 0.2 29 -22 0.8 -5.0
SMH VanEck Semiconductor ETF 0.2 35 -28 1.9 -3.8
SOXQ Invesco PHLX Semiconductor ETF 0.2 19 -12 1.9 -3.8
SOXX iShares Semiconductor ETF 0.2 35 -28 1.9 -3.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 -43 4.6 -1.2
TMAT Main Thematic Innovation ETF 0.2 164 -157 -1.9 -7.7
VNSE Natixis Vaughan Nelson Select ETF 0.2 80 -73 3.3 -2.5
WUGI AXS Esoterica NextG Economy ETF 0.2 75 -68 1.4 -4.3
XNTK State Street SPDR NYSE Technology ETF 0.2 35 -28 2.4 -3.3
YLDE ClearBridge Dividend Strategy ESG ETF 0.2 60 -53 5.2 -0.5
CGUS Capital Group Core Equity ETF 0.2 33 -26 3.6 -2.2
CGDV Capital Group Dividend Value ETF 0.2 33 -26 3.8 -1.9
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -68 -2.5 -8.2
TRFM AAM Transformers ETF 0.2 49 -42 1.0 -4.8
AOTG AOT Growth and Innovation ETF 0.2 75 -68 1.2 -4.5
BWEB Bitwise Web3 ETF 0.2 85 -78 -0.1 -5.8
PRAY FIS Christian Stock Fund 0.2 69 -62 3.9 -1.8
NANC Unusual Whales Subversive Democratic Trading ETF 0.2 75 -68 2.9 -2.8
OSEA Harbor International Compounders ETF 0.2 55 -48 4.3 -1.4
JGRO JPMorgan Active Growth ETF 0.2 44 -37 2.4 -3.3
RSHO Tema American Reshoring ETF 0.2 75 -68 3.4 -2.3
APIE ActivePassive International Equity ETF 0.2 45 -38 6.4 +0.7
BGIG Bahl & Gaynor Income Growth ETF 0.2 45 -38 4.5 -1.3
DARP Grizzle Growth ETF 0.2 75 -68 1.6 -4.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 -31 3.9 -1.9
FDCF Fidelity Disruptive Communications ETF 0.2 50 -43 1.9 -3.9
CGDG Capital Group Dividend Growers ETF 0.2 47 -40 5.2 -0.5
CGIE Capital Group International Equity ETF 0.2 54 -47 4.6 -1.1
LRGC AB US Large Cap Strategic Equities ETF 0.2 48 -41 3.8 -1.9
QUVU Hartford Quality Value ETF 0.2 46 -39 5.6 -0.1
FFOG Franklin Focused Growth ETF 0.2 61 -54 1.6 -4.2
PCGG Polen Capital Global Growth ETF 0.2 85 -78 3.9 -1.8
GINX SGI Enhanced Global Income ETF 0.2 98 -91 6.7 +0.9
LIVR Intelligent Livermore ETF 0.2 69 -62 3.0 -2.8
RGEF Rockefeller Global Equity ETF 0.2 55 -48 3.8 -1.9
SWP SWP Growth & Income ETF 0.2 99 -92 4.2 -1.6
BGDV Bahl & Gaynor Dividend ETF 0.2 45 -38 3.9 -1.8
LOWV AB US Low Volatility Equity ETF 0.2 48 -41 4.3 -1.4
BRIF FIS Bright Portfolios Focused Equity ETF 0.2 65 -58 3.4 -2.4
ABLG Abacus FCF International Leaders ETF 0.2 59 -52 6.4 +0.7
LOGO Alpha Brands Consumption Leaders ETF 0.2 69 -62 2.5 -3.2
TIIV AAM Todd International Intrinsic Value ETF 0.2 54 -47 9.7 +4.0
YNOT Horizon Digital Frontier ETF 0.2 75 -68 2.5 -3.2
WSGE Warren Street Global Equity ETF 0.2 80 -73 2.9 -2.9
VUSG Vanguard Wellington U.S. Growth Active ETF 0.2 35 -28 2.5 -3.3
PIO Invesco Global Water ETF 0.2 75 -68 4.5 -1.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -63 6.7 +1.0
CRAK VanEck Oil Refiners ETF 0.2 61 -54 9.2 +3.4
JETS U.S. Global Jets ETF 0.2 60 -53 2.5 -3.2
RNRG Global X Renewable Energy Producers ETF 0.2 66 -59 4.3 -1.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.2 80 -73 3.6 -2.2
GDX VanEck Gold Miners ETF 0.2 51 -44 3.2 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -65 2.2 -3.6
VCLN Virtus Duff & Phelps Clean Energy ETF 0.2 59 -52 2.2 -3.6
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -45 3.2 -2.5
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -55 3.0 -2.7
EPU iShares MSCI Peru and Global Exposure ETF 0.2 59 -52 4.8 -0.9
SLX VanEck Steel ETF 0.1 56 -49 10.1 +4.3
SIL Global X Silver Miners ETF 0.1 65 -58 1.9 -3.8
SILJ ETFMG Prime Junior Silver Miners ETF 0.1 69 -62 0.5 -5.2
AGMI Themes Silver Miners ETF 0.1 35 -28 4.3 -1.5
CUT Invesco MSCI Global Timber ETF 0.1 61 -54 8.6 +2.9
WOOD iShares Global Timber & Forestry ETF 0.1 42 -35 11.7 +6.0
FEP First Trust Europe AlphaDEX Fund 0.1 80 -73 6.8 +1.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.1 80 -73 6.4 +0.7
COPY Tweedy, Browne Insider + Value ETF 0.1 80 -73 14.9 +9.2
ICPY Tweedy, Browne International Insider Value ETF 0.1 80 -73 21.5 +15.8
SHLD Global X Defense Tech ETF 0.1 50 -43 3.1 -2.7
NATO Themes Transatlantic Defense ETF 0.1 35 -28 1.9 -3.9
IQRA IQ CBRE Real Assets ETF 0.1 65 -58 5.9 +0.1
ARKF ARK Fintech Innovation ETF 0.1 75 -68 0.3 -5.4
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -40 7.0 +1.2
NLR VanEck Uranium+Nuclear Energy ETF 0.1 61 -54 1.7 -4.1
URA Global X Uranium ETF 0.1 69 -62 0.9 -4.9
NUKZ Range Nuclear Renaissance Index ETF 0.1 85 -78 1.3 -4.4
ESPO VanEck Video Gaming and eSports ETF 0.1 56 -49 6.7 +1.0
ODDS Pacer BlueStar Digital Entertainment ETF 0.1 60 -53 4.7 -1.0
RXI iShares Global Consumer Discretionary ETF 0.1 41 -34 8.2 +2.5
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -53 2.9 -2.9
DINT Davis Select International ETF 0.1 55 -48 6.1 +0.3
DWLD Davis Select Worldwide ETF 0.1 63 -56 6.7 +1.0
IXJ iShares Global Healthcare ETF 0.1 42 -35 6.3 +0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.1 80 -73 6.7 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -76 7.8 +2.0
ARGT Global X MSCI Argentina ETF 0.1 59 -52 3.3 -2.5
FDNI First Trust Dow Jones International Internet ETF 0.1 65 -58 24.7 +19.0
HERO Global X Video Games & Esports ETF 0.1 50 -43 6.0 +0.3
NERD Roundhill Video Games ETF 0.1 50 -43 8.1 +2.4
OND ProShares On-Demand ETF 0.1 58 -51 0.5 -5.3
ISHP First Trust Nasdaq Retail ETF 0.1 60 -53 5.5 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 -38 6.8 +1.0
BLDG Cambria Global Real Estate ETF 0.1 60 -53 11.1 +5.4
GLCR GlacierShares Nasdaq Iceland ETF 0.1 95 -88 3.2 -2.6
BRF VanEck Brazil Small-Cap ETF 0.1 66 -59 11.5 +5.7
KROP Global X AgTech & Food Innovation ETF 0.1 50 -43 6.8 +1.0
HUMN Roundhill Humanoid Robotics ETF 0.0 75 -68 1.1 -4.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.0 80 -73 9.3 +3.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.0 58 -51 7.1 +1.3
BETZ Roundhill Sports Betting & iGaming ETF 0.0 75 -68 3.5 -2.3
IPKW Invesco International BuyBack Achievers ETF 0.0 55 -48 8.2 +2.4
GOEX Global X Gold Explorers ETF 0.0 65 -58 2.5 -3.3
BNGE First Trust S-Network Streaming and Gaming ETF 0.0 70 -63 3.1 -2.6
IDOG ALPS International Sector Dividend Dogs ETF 0.0 50 -43 9.2 +3.5
AVSD Avantis Responsible International Equity ETF 0.0 23 -16 6.0 +0.2
SETM Sprott Energy Transition Materials ETF 0.0 65 -58 1.7 -4.0
IPOS Renaissance International IPO ETF 0.0 80 -73 0.0 -5.7
SGDJ Sprott Junior Gold Miners ETF 0.0 50 -43 2.4 -3.3
AQWA Global X Clean Water ETF 0.0 50 -43 5.1 -0.7
SMOG VanEck Low Carbon Energy ETF 0.0 61 -54 1.2 -4.5
AVDE Avantis International Equity ETF 0.0 23 -16 6.2 +0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 -42 6.1 +0.4
DFIV Dimensional International Value ETF 0.0 27 -20 7.8 +2.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.0 68 -61 2.9 -2.8
IDRV iShares Self-driving EV & Tech ETF 0.0 47 -40 1.3 -4.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.0 47 -40 2.7 -3.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 -11 6.1 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 -53 4.4 -1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 -32 6.8 +1.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 -16 6.3 +0.5
NIKL Sprott Nickel Miners ETF 0.0 75 -68 9.1 +3.3
DFIS Dimensional International Small Cap ETF 0.0 39 -32 6.1 +0.4
DXIV Dimensional International Vector Equity ETF 0.0 34 -27 6.6 +0.9
DIHP Dimensional International High Profitability ETF 0.0 29 -22 5.8 +0.0
BCOR Grayscale Bitcoin Adopters ETF 0.0 59 -52 2.0 -3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 -1 6.3 +0.6
DISV Dimensional International Small Cap Value ETF 0.0 42 -35 8.1 +2.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 -17 5.7 -0.1
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -58 0.0 -5.7
EBI Longview Advantage ETF 0.0 35 -28 5.9 +0.2

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:		 Vanguard Emerging Markets Ex-China ETF
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 18.1 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

 

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.