Global X MSCI Argentina ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 25.0x P/Sales
ratio		 1.3x
P/BV
ratio		 2.9x Div.
yield		 1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X FTSE Argentina 20 ETF seeks to track the performance of the FTSE Argentina 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Mar 02, 2011
Assets (mns) $843
Currency USD
Expense ratio 59 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $24,922
Large cap (>$10bn) 31.9%
Mid cap ($2-10bn) 46.0%
Small cap (<$2bn) 21.4%
Developed mkts 12.6%
Emerging mkts 87.4%

TOP TEN HOLDINGS
MERCADOLIBRE INC 23.9 %
YPF S.A.-SPONSORED ADR 9.6 %
GRUPO FINANCIERO GALICIA-ADR 6.4 %
VISTA ENERGY SAB DE CV 6.2 %
BANCO MACRO SA-ADR 5.0 %
PAMPA ENERGIA SA-SPON ADR 4.4 %
TRANSPORTADOR GAS SUR-SP ADR 3.9 %
BANCO BBVA ARGENTINA SA SPONSORED 3.7 %
CENTRAL PUERTO S.A. SPONSORED ADR 3.5 %
EMBOTELLADORA ANDINA-PREF B 3.3 %
Total 69.8 %

TOP COUNTRY EXPOSURE
ARGENTINA 72.1 %
CANADA 7.8 %
CHILE 7.7 %
UNITED STATES 6.2 %
LUXEMBOURG 3.4 %
URUGUAY 2.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 9.0% 26.1% 16.5% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.29 19%
MSCI EAFE 0.91 15%
MSCI Emg. Mkts. 0.66 17%

Technical Indicators
Recent close $93.63
30d moving avg. $93.79
Annualized volatility 36.2%
Short interest (ETF) 6.7%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 143
Turnover 1.6%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $435

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 243 potential alternatives to the Global X MSCI Argentina ETF ETF based on the alternatives' overlap in portfolio holdings with ARGT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ARGT Expense: 59 bp ALTAR Score™: 3.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ARGT
Ticker Fund
Name		 Overlap1
vs ARGT
(%)		 Expense
ratio
(bp)		 Savings
vs ARGT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ARGT
(%)
CDIG City Different Investments Global Equity ETF 7.6 75 -16 -1.6 -4.9
OTGL OTG Latin America ETF 6.5 269 -210 7.8 +4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.5 86 -27 13.0 +9.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 6.0 86 -27 0.2 -3.0
BCOR Grayscale Bitcoin Adopters ETF 5.7 59 0 2.2 -1.0
MVPA Miller Value Partners Appreciation ETF 4.5 60 -1 9.6 +6.4
GOEX Global X Gold Explorers ETF 4.5 65 -6 2.5 -0.7
EBIZ Global X E-Commerce ETF 4.0 50 9 4.6 +1.3
XC WisdomTree Emerging Markets Ex-China Fund 3.9 32 27 6.5 +3.3
PBJ Invesco Food & Beverage ETF 3.9 57 2 7.9 +4.7
TOGA Tremblant Global ETF 3.7 69 -10 -0.2 -3.4
CLOD Themes Cloud Computing ETF 3.5 35 24 3.3 +0.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.5 60 -1 9.2 +6.0
GKAT Scharf Global Opportunity ETF 3.4 57 2 5.9 +2.7
LOUP Innovator Deepwater Frontier Tech ETF 3.3 70 -11 1.0 -2.3
BUYZ Franklin Disruptive Commerce ETF 3.3 50 9 2.5 -0.7
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.2 65 -6 5.1 +1.9
LOGO Alpha Brands Consumption Leaders ETF 3.0 69 -10 2.7 -0.6
ARKF ARK Fintech Innovation ETF 3.0 75 -16 0.3 -3.0
SILJ ETFMG Prime Junior Silver Miners ETF 2.9 69 -10 0.6 -2.6
SGDM Sprott Gold Miners ETF 2.8 50 9 3.4 +0.1
BPAY BlackRock Future Financial and Technology ETF 2.7 70 -11 5.1 +1.9
BRF VanEck Brazil Small-Cap ETF 2.6 66 -7 11.9 +8.7
PEJ Invesco Leisure and Entertainment ETF 2.6 58 1 0.8 -2.4
OSEA Harbor International Compounders ETF 2.5 55 4 4.4 +1.2
PNQI Invesco NASDAQ Internet ETF 2.4 60 -1 3.9 +0.7
OGIG ALPS O'Shares Global Internet Giants ETF 2.4 48 11 2.6 -0.6
PCGG Polen Capital Global Growth ETF 2.3 85 -26 4.1 +0.9
CBSE Clough Select Equity ETF 2.3 85 -26 0.4 -2.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.2 58 1 3.2 -0.1
ONLN ProShares Online Retail ETF 2.2 58 1 1.3 -1.9
TMFG Motley Fool Global Opportunities ETF 2.1 85 -26 3.8 +0.6
LIMI Themes Lithium & Battery Metal Miners ETF 2.0 35 24 3.6 +0.4
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 14 2.5 -0.8
USRD Themes US R&D Champions ETF 2.0 29 30 4.0 +0.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 2.0 60 -1 4.2 +1.0
SIL Global X Silver Miners ETF 1.9 65 -6 2.1 -1.1
JADE JPMorgan Active Developing Markets Equity ETF 1.8 65 -6 6.2 +2.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.7 20 39 4.1 +0.9
EMM Global X Emerging Markets ex-China ETF 1.7 75 -16 5.0 +1.7
BLOK Amplify Transformational Data Sharing ETF 1.7 75 -16 -0.1 -3.4
GPT Intelligent Alpha Atlas ETF 1.6 69 -10 6.1 +2.9
PBW Invesco WilderHill Clean Energy ETF 1.6 66 -7 -3.2 -6.4
LGCF Themes US Cash Flow Champions ETF 1.6 30 29 7.0 +3.8
AOTG AOT Growth and Innovation ETF 1.6 75 -16 1.3 -2.0
RING iShares MSCI Global Gold Miners ETF 1.5 39 20 4.1 +0.8
BRAZ Global X Brazil Active ETF 1.5 75 -16 10.4 +7.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 11 8.8 +5.6
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 34 3.9 +0.6
AGMI Themes Silver Miners ETF 1.4 35 24 4.5 +1.2
ISHP First Trust Nasdaq Retail ETF 1.4 60 -1 5.4 +2.1
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 33 2.9 -0.3
MVAL VanEck Morningstar Wide Moat Value ETF 1.4 49 10 6.2 +3.0
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 13 5.5 +2.2
VCR Vanguard Consumer Discretionary ETF 1.3 9 50 4.6 +1.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 41 5.1 +1.8
SLVP iShares MSCI Global Silver Miners ETF 1.2 39 20 4.7 +1.5
EMC Global X Emerging Markets Great Consumer ETF 1.2 75 -16 7.4 +4.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 51 4.6 +1.4
VIDI Vident International Equity Strategy ETF 1.1 61 -2 8.4 +5.1
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 10 3.1 -0.2
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -16 4.5 +1.3
ARKW ARK Next Generation Internet ETF 1.0 87 -28 0.7 -2.5
BITQ Bitwise Crypto Industry Innovators ETF 1.0 85 -26 -2.3 -5.5
DEEP Roundhill Acquirers Deep Value ETF 1.0 80 -21 14.9 +11.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 27 7.8 +4.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 24 3.5 +0.2
FRDM Freedom 100 Emerging Markets ETF 0.8 49 10 5.6 +2.4
FDFF Fidelity Disruptive Finance ETF 0.8 50 9 5.2 +1.9
CGXU Capital Group International Focus Equity ETF 0.8 54 5 3.9 +0.6
WRND IQ Global Equity R&D Leaders ETF 0.8 18 41 4.2 +1.0
FLLA Franklin FTSE Latin America ETF 0.7 19 40 10.7 +7.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 19 3.1 -0.2
NULC Nuveen ESG Large-Cap ETF 0.7 21 38 4.0 +0.7
IBUY Amplify Online Retail ETF 0.7 65 -6 2.2 -1.1
GINN Goldman Sachs Innovate Equity ETF 0.7 52 7 3.8 +0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 -16 1.9 -1.3
TRFM AAM Transformers ETF 0.6 49 10 1.0 -2.2
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 31 3.0 -0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.5 +6.2
FFOG Franklin Focused Growth ETF 0.5 61 -2 1.7 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.8 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 26 6.9 +3.7
CGIE Capital Group International Equity ETF 0.5 54 5 4.6 +1.4
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 39 4.3 +1.1
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 10 7.7 +4.5
WWJD Inspire International ETF 0.4 80 -21 6.4 +3.1
ILF iShares Latin America 40 ETF 0.4 48 11 9.6 +6.3
GVLU Gotham 1000 Value ETF 0.4 50 9 8.0 +4.7
GVAL Cambria Global Value ETF 0.4 68 -9 8.6 +5.4
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 39 3.3 +0.1
QQQM Invesco NASDAQ 100 ETF 0.4 15 44 3.4 +0.2
QQQ Invesco QQQ Trust Series I 0.4 20 39 3.4 +0.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 23 4.2 +0.9
YNOT Horizon Digital Frontier ETF 0.3 75 -16 2.8 -0.4
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 44 5.3 +2.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -16 4.8 +1.6
PSC Principal U.S. Small-Cap ETF 0.3 38 21 3.5 +0.3
GGRW Gabelli Growth Innovators ETF 0.3 90 -31 2.1 -1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.3 45 14 9.6 +6.3
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 49 3.9 +0.6
CGGO Capital Group Global Growth Equity ETF 0.3 47 12 4.1 +0.9
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 41 3.1 -0.1
SUSA iShares MSCI USA ESG Select ETF 0.3 25 34 4.0 +0.8
GII SPDR S&P Global Infrastructure ETF 0.3 40 19 4.2 +1.0
IGF iShares Global Infrastructure ETF 0.3 41 18 4.2 +1.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -30 4.3 +1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -21 7.1 +3.8
LIT Global X Lithium & Battery Tech ETF 0.3 75 -16 5.8 +2.6
DFIS Dimensional International Small Cap ETF 0.3 39 20 6.2 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 10 6.1 +2.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 30 6.2 +3.0
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 49 4.3 +1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 49 4.3 +1.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 21 3.9 +0.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 50 4.3 +1.0
APIE ActivePassive International Equity ETF 0.2 45 14 6.4 +3.1
SCHC Schwab International Small-Cap Equity ETF 0.2 11 48 6.8 +3.5
DISV Dimensional International Small Cap Value ETF 0.2 42 17 8.1 +4.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 38 3.0 -0.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 50 5.4 +2.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 44 5.4 +2.1
GEW Cambria Global EW ETF 0.2 29 30 5.4 +2.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 49 4.3 +1.1
BLES Inspire Global Hope ETF 0.2 61 -2 5.7 +2.5
NANR SPDR S&P North American Natural Resources ETF 0.2 35 24 6.5 +3.2
AVDS Avantis International Small Cap Equity ETF 0.2 30 29 6.1 +2.8
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 12 5.3 +2.1
FESM Fidelity Enhanced Small Cap ETF 0.2 28 31 2.1 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 20 6.8 +3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 44 5.8 +2.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -11 6.8 +3.6
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 47 3.2 -0.0
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 -6 3.5 +0.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 51 4.5 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 7.8 +4.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 51 6.5 +3.3
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.6 +2.4
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 46 1.7 -1.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 52 4.5 +1.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 50 4.2 +1.0
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 44 4.2 +1.0
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 44 5.0 +1.8
ILCV iShares Morningstar Value ETF 0.1 4 55 5.2 +2.0
KLMN Invesco MSCI North America Climate ETF 0.1 9 50 4.4 +1.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 39 5.7 +2.4
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 56 4.2 +0.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 39 3.8 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 52 4.2 +0.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 20 8.6 +5.3
DXIV Dimensional International Vector Equity ETF 0.1 34 25 6.6 +3.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 59 12.6 +9.4
VOTE TCW Transform 500 ETF 0.1 5 54 4.2 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 57 4.2 +1.0
PBUS Invesco MSCI USA ETF 0.1 4 55 4.3 +1.0
GXLC Global X U.S. 500 ETF 0.1 2 57 4.1 +0.9
ILCG iShares Morningstar Growth ETF 0.1 4 55 3.2 -0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 4.5 +1.3
AVDV Avantis International Small Cap Value ETF 0.1 36 23 7.9 +4.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 4.8 +1.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 48 4.2 +1.0
AVUS Avantis U.S. Equity ETF 0.1 15 44 4.7 +1.5
WSGE Warren Street Global Equity ETF 0.1 80 -21 2.9 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 8.5 +5.3
TOK iShares MSCI Kokusai ETF 0.1 26 33 4.3 +1.1
RVRB Reverb ETF 0.1 30 29 3.6 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.9 +1.7
URTH iShares MSCI World ETF 0.1 24 35 4.4 +1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 10.3 +7.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 4.4 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 49 5.0 +1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 8.7 +5.5
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 44 4.9 +1.7
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.7 +1.5
VT Vanguard Total World Stock ETF 0.1 6 53 5.1 +1.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.1 +1.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 34 4.9 +1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 5.3 +2.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 39 0.8 -2.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 13.7 +10.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 7.9 +4.6
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 52 5.8 +2.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 8.8 +5.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 6.3 +3.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 10 13.5 +10.2
IUS Invesco RAFI Strategic US ETF 0.1 19 40 5.4 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 8.3 +5.0
KXI iShares Global Consumer Staples ETF 0.1 41 18 5.3 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 29 6.5 +3.2
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 39 -3.5 -6.8
VFMF Vanguard U.S. Multifactor ETF 0.1 18 41 6.3 +3.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.4 +2.2
AVDE Avantis International Equity ETF 0.1 23 36 6.2 +3.0
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 9.6 +6.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 24.9 +21.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 16 9.7 +6.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 18 5.0 +1.8
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -16 7.9 +4.7
WSML iShares MSCI World Small-Cap ETF 0.1 15 44 5.3 +2.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 36 6.2 +3.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 13 5.2 +1.9
AVES Avantis Emerging Markets Value ETF 0.1 36 23 9.2 +6.0
EPS WisdomTree U.S. LargeCap Fund 0.1 8 51 4.8 +1.5
SCHE Schwab Emerging Markets Equity ETF 0.1 11 48 9.5 +6.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 26 6.3 +3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 18 7.1 +3.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 35 5.6 +2.4
LRGF iShares U.S. Equity Factor ETF 0.0 8 51 4.6 +1.4
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 52 9.3 +6.0
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 34 9.2 +6.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 26 6.9 +3.6
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 50 8.5 +5.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 7.3 +4.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 24 7.2 +4.0
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 52 6.6 +3.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.0 88 -29 8.4 +5.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 7.7 +4.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 9.1 +5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 20 7.0 +3.7
AVEM Avantis Emerging Markets Equity ETF 0.0 33 26 7.3 +4.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 34 5.3 +2.1
VSGX Vanguard ESG International Stock ETF 0.0 10 49 6.6 +3.4
VXUS Vanguard Total International Stock ETF 0.0 5 54 6.7 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 29 8.2 +5.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 41 6.0 +2.8
EEM iShares MSCI Emerging Markets ETF 0.0 69 -10 8.1 +4.8
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -10 7.8 +4.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 8.2 +5.0
PKW Invesco Buyback Achievers ETF 0.0 62 -3 7.0 +3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 41 6.4 +3.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 20 3.4 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -7 7.5 +4.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 6.0 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 6.0 +2.8
GWX SPDR S&P International Small Cap ETF 0.0 40 19 6.1 +2.8
VYMI Vanguard International High Dividend Yield ETF 0.0 17 42 7.8 +4.6
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 17 3.6 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.9 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 55 6.7 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 5.9 +2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 7.7 +4.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 25 6.4 +3.2
EBI Longview Advantage ETF 0.0 35 24 5.9 +2.6

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:		 Global X MSCI Argentina ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.5 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 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.