Global X MSCI Argentina ETF
ALTAR
Score™		 3.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 26.2x P/Sales
ratio		 1.4x
P/BV
ratio		 3.0x Div.
yield		 1.3%


  • 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) $882
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 21.8 %
YPF S.A.-SPONSORED ADR 10.2 %
VISTA ENERGY SAB DE CV 6.7 %
GRUPO FINANCIERO GALICIA-ADR 6.3 %
BANCO MACRO SA-ADR 4.8 %
PAMPA ENERGIA SA-SPON ADR 4.3 %
TRANSPORTADOR GAS SUR-SP ADR 3.9 %
CENTRAL PUERTO S.A. SPONSORED ADR 3.5 %
BANCO BBVA ARGENTINA SA SPONSORED 3.5 %
TELECOM ARGENTINA SA SPONSORED ADR 3.2 %
Total 68.2 %

TOP COUNTRY EXPOSURE
ARGENTINA 70.0 %
CANADA 9.0 %
CHILE 7.8 %
UNITED STATES 6.7 %
LUXEMBOURG 3.6 %
URUGUAY 2.9 %





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.
6.9% 9.2% 28.0% 18.1% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.29 17%
MSCI EAFE 0.85 12%
MSCI Emg. Mkts. 0.72 15%

Technical Indicators
Recent close $98.13
30d moving avg. $92.48
Annualized volatility 36.2%
Short interest (ETF) 6.7%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 191
Turnover 2.1%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $435

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 246 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™: 3.0%


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
(%)
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 8.7 86 -27 0.3 -2.8
ECH iShares MSCI Chile ETF 7.7 58 1 7.2 +4.1
OTGL OTG Latin America ETF 6.6 269 -210 7.5 +4.5
CDIG City Different Investments Global Equity ETF 6.5 75 -16 -1.6 -4.6
XC WisdomTree Emerging Markets Ex-China Fund 4.5 32 27 6.3 +3.3
GOEX Global X Gold Explorers ETF 4.5 65 -6 2.2 -0.9
MVPA Miller Value Partners Appreciation ETF 4.3 60 -1 10.1 +7.1
BCOR Grayscale Bitcoin Adopters ETF 3.9 59 0 1.8 -1.3
EBIZ Global X E-Commerce ETF 3.8 50 9 4.8 +1.8
BUYZ Franklin Disruptive Commerce ETF 3.4 50 9 2.4 -0.6
LOGO Alpha Brands Consumption Leaders ETF 3.4 69 -10 2.5 -0.5
BPAY BlackRock Future Financial and Technology ETF 3.3 70 -11 5.5 +2.5
TOGA Tremblant Global ETF 3.2 69 -10 -0.2 -3.2
GKAT Scharf Global Opportunity ETF 2.9 57 2 5.7 +2.6
SGDM Sprott Gold Miners ETF 2.9 50 9 2.9 -0.2
SILJ ETFMG Prime Junior Silver Miners ETF 2.9 69 -10 0.4 -2.6
PCGG Polen Capital Global Growth ETF 2.9 85 -26 3.9 +0.8
CLOD Themes Cloud Computing ETF 2.8 35 24 3.1 +0.1
ARKF ARK Fintech Innovation ETF 2.7 75 -16 0.3 -2.8
LIMI Themes Lithium & Battery Metal Miners ETF 2.7 35 24 2.5 -0.5
LOUP Innovator Deepwater Frontier Tech ETF 2.7 70 -11 0.8 -2.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.7 60 -1 8.7 +5.6
BRF VanEck Brazil Small-Cap ETF 2.5 66 -7 11.0 +8.0
PNQI Invesco NASDAQ Internet ETF 2.4 60 -1 3.9 +0.9
OSEA Harbor International Compounders ETF 2.4 55 4 4.2 +1.2
ONLN ProShares Online Retail ETF 2.3 58 1 1.3 -1.7
CBSE Clough Select Equity ETF 2.3 85 -26 0.3 -2.8
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -26 -0.8 -3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 2.1 48 11 7.9 +4.9
FFTY Innovator IBD 50 ETF 1.9 80 -21 -0.1 -3.1
JADE JPMorgan Active Developing Markets Equity ETF 1.9 65 -6 5.6 +2.6
OGIG ALPS O'Shares Global Internet Giants ETF 1.9 48 11 2.5 -0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 14 2.2 -0.8
TMFG Motley Fool Global Opportunities ETF 1.9 85 -26 3.7 +0.6
SIL Global X Silver Miners ETF 1.8 65 -6 1.7 -1.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.7 60 -1 4.2 +1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.7 58 1 3.0 -0.1
EMM Global X Emerging Markets ex-China ETF 1.6 75 -16 4.3 +1.3
USRD Themes US R&D Champions ETF 1.6 29 30 3.8 +0.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.6 20 39 3.8 +0.8
VUSG Vanguard Wellington U.S. Growth Active ETF 1.6 35 24 2.4 -0.6
GPT Intelligent Alpha Atlas ETF 1.6 69 -10 6.0 +2.9
BRAZ Global X Brazil Active ETF 1.5 75 -16 10.6 +7.5
LGCF Themes US Cash Flow Champions ETF 1.4 30 29 7.3 +4.2
BLOK Amplify Transformational Data Sharing ETF 1.4 75 -16 -0.2 -3.2
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 33 2.7 -0.3
RING iShares MSCI Global Gold Miners ETF 1.3 39 20 3.5 +0.5
BITQ Bitwise Crypto Industry Innovators ETF 1.3 85 -26 -2.0 -5.1
AOTG AOT Growth and Innovation ETF 1.3 75 -16 1.1 -1.9
AGMI Themes Silver Miners ETF 1.3 35 24 3.9 +0.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.3 8 51 4.3 +1.3
PBJ Invesco Food & Beverage ETF 1.2 57 2 7.9 +4.9
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.2 25 34 3.5 +0.5
ISHP First Trust Nasdaq Retail ETF 1.2 60 -1 5.4 +2.4
VCR Vanguard Consumer Discretionary ETF 1.1 9 50 4.3 +1.3
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -16 6.5 +3.5
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.1 18 41 5.1 +2.0
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -16 4.5 +1.4
SLVP iShares MSCI Global Silver Miners ETF 1.0 39 20 4.1 +1.0
VIDI Vident International Equity Strategy ETF 1.0 61 -2 7.8 +4.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 24 3.2 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 27 6.8 +3.8
CGXU Capital Group International Focus Equity ETF 1.0 54 5 3.5 +0.5
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.9 49 10 2.7 -0.4
CGGO Capital Group Global Growth Equity ETF 0.9 47 12 3.8 +0.8
WRND IQ Global Equity R&D Leaders ETF 0.9 18 41 3.9 +0.9
ARKW ARK Next Generation Internet ETF 0.9 87 -28 0.6 -2.4
FDFF Fidelity Disruptive Finance ETF 0.9 50 9 5.5 +2.5
FRDM Freedom 100 Emerging Markets ETF 0.8 49 10 4.8 +1.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -16 1.6 -1.5
FFOG Franklin Focused Growth ETF 0.7 61 -2 1.5 -1.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 7 3.7 +0.6
FLLA Franklin FTSE Latin America ETF 0.7 19 40 10.5 +7.5
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 39 3.0 -0.1
IBUY Amplify Online Retail ETF 0.6 65 -6 2.2 -0.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -21 3.4 +0.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.6 40 19 2.9 -0.2
NULC Nuveen ESG Large-Cap ETF 0.6 21 38 3.8 +0.8
QQQ Invesco QQQ Trust Series I 0.6 20 39 3.0 -0.0
QQQM Invesco NASDAQ 100 ETF 0.6 15 44 3.0 +0.0
TRFM AAM Transformers ETF 0.5 49 10 0.9 -2.2
CGIE Capital Group International Equity ETF 0.5 54 5 4.4 +1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 26 6.2 +3.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 15 9.2 +6.1
ILF iShares Latin America 40 ETF 0.5 48 11 9.6 +6.6
WWJD Inspire International ETF 0.5 80 -21 6.2 +3.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.6 +5.5
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 31 2.7 -0.3
GVAL Cambria Global Value ETF 0.4 68 -9 8.3 +5.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 23 4.0 +1.0
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 39 4.1 +1.1
PSC Principal U.S. Small-Cap ETF 0.4 38 21 3.5 +0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 14 9.3 +6.2
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 10 7.0 +3.9
LIT Global X Lithium & Battery Tech ETF 0.3 75 -16 4.6 +1.6
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 44 5.3 +2.3
BUZZ VanEck Social Sentiment ETF 0.3 75 -16 -0.7 -3.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -16 4.8 +1.8
GII SPDR S&P Global Infrastructure ETF 0.3 40 19 4.2 +1.2
GVLU Gotham 1000 Value ETF 0.3 50 9 8.2 +5.2
IGF iShares Global Infrastructure ETF 0.3 41 18 4.2 +1.2
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 49 3.6 +0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -21 6.2 +3.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 41 2.9 -0.1
DFIS Dimensional International Small Cap ETF 0.3 39 20 6.0 +3.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 50 4.0 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 30 6.2 +3.1
SUSA iShares MSCI USA ESG Select ETF 0.3 25 34 3.9 +0.9
YNOT Horizon Digital Frontier ETF 0.3 75 -16 2.4 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 49 4.1 +1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 38 2.8 -0.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 21 3.7 +0.7
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -30 4.1 +1.1
APIE ActivePassive International Equity ETF 0.2 45 14 6.2 +3.2
DISV Dimensional International Small Cap Value ETF 0.2 42 17 7.9 +4.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 20 3.4 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 10 5.9 +2.8
BLES Inspire Global Hope ETF 0.2 61 -2 5.6 +2.6
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 49 4.1 +1.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 49 4.1 +1.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 52 4.3 +1.3
SCHC Schwab International Small-Cap Equity ETF 0.2 11 48 6.4 +3.4
NANR SPDR S&P North American Natural Resources ETF 0.2 35 24 6.4 +3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 30 5.7 +2.7
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 46 1.6 -1.5
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 50 5.4 +2.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 47 3.3 +0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 44 5.4 +2.4
SIZE iShares MSCI USA Size Factor ETF 0.2 15 44 5.4 +2.3
AVDS Avantis International Small Cap Equity ETF 0.2 30 29 5.9 +2.9
GGRW Gabelli Growth Innovators ETF 0.2 90 -31 1.9 -1.1
KLMN Invesco MSCI North America Climate ETF 0.2 9 50 4.2 +1.2
LRGF iShares U.S. Equity Factor ETF 0.2 8 51 4.5 +1.5
GEW Cambria Global EW ETF 0.2 29 30 5.3 +2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 20 6.6 +3.6
PBUS Invesco MSCI USA ETF 0.2 4 55 4.1 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 7.1 +4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -11 6.1 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 51 6.1 +3.1
ILCG iShares Morningstar Growth ETF 0.1 4 55 3.0 -0.1
DXIV Dimensional International Vector Equity ETF 0.1 34 25 6.4 +3.4
GLOF iShares Global Equity Factor ETF 0.1 20 39 5.4 +2.4
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.3 +0.2
AVUS Avantis U.S. Equity ETF 0.1 15 44 4.6 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 57 4.1 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 59 4.1 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 52 4.0 +1.0
VOTE TCW Transform 500 ETF 0.1 5 54 4.0 +1.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 39 3.8 +0.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 51 4.3 +1.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 20 8.1 +5.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 50 4.0 +1.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 48 4.0 +1.0
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 44 5.0 +1.9
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 44 4.1 +1.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 39 0.8 -2.3
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 34 8.2 +5.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 49 4.8 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 39 5.7 +2.7
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 12 5.1 +2.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 56 4.0 +1.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 44 4.7 +1.7
GXLC Global X U.S. 500 ETF 0.1 2 57 4.0 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 7.5 +4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 4.3 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 4.3 +1.3
FESM Fidelity Enhanced Small Cap ETF 0.1 28 31 2.1 -0.9
WSGE Warren Street Global Equity ETF 0.1 80 -21 2.8 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 9.6 +6.6
RVRB Reverb ETF 0.1 30 29 3.8 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 4.6 +1.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 34 4.8 +1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.3 +2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 7.4 +4.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 7.9 +4.9
IUS Invesco RAFI Strategic US ETF 0.1 19 40 5.4 +2.4
TOK iShares MSCI Kokusai ETF 0.1 26 33 4.2 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 6 4.6 +1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.7 +1.7
ILCV iShares Morningstar Value ETF 0.1 4 55 5.3 +2.2
URTH iShares MSCI World ETF 0.1 24 35 4.3 +1.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 48 7.3 +4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 23 7.0 +4.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 13.2 +10.2
KXI iShares Global Consumer Staples ETF 0.1 41 18 5.3 +2.2
VT Vanguard Total World Stock ETF 0.1 6 53 4.9 +1.8
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.5 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.1 +2.1
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 52 5.4 +2.4
DAK Dakota Active Equity ETF 0.1 43 16 3.7 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 7.9 +4.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 6.0 +3.0
VFMF Vanguard U.S. Multifactor ETF 0.1 18 41 6.4 +3.4
DFEV Dimensional Emerging Markets Value ETF 0.1 43 16 8.7 +5.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 29 6.1 +3.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 44 4.8 +1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 10 12.9 +9.9
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -16 7.9 +4.8
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 9.0 +6.0
AVDE Avantis International Equity ETF 0.1 23 36 6.1 +3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 18 4.4 +1.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 36 6.1 +3.1
EPS WisdomTree U.S. LargeCap Fund 0.1 8 51 4.6 +1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 35 5.5 +2.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 6.1 +3.1
SCHE Schwab Emerging Markets Equity ETF 0.1 11 48 9.1 +6.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 6.4 +3.3
WSML iShares MSCI World Small-Cap ETF 0.0 15 44 5.2 +2.2
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 52 8.8 +5.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 20 2.2 -0.9
JGRO JPMorgan Active Growth ETF 0.0 44 15 2.4 -0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 8.2 +5.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 50 7.7 +4.6
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 17 3.4 +0.4
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 24 6.4 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 6.5 +3.4
AVES Avantis Emerging Markets Value ETF 0.0 36 23 8.4 +5.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 20 6.8 +3.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -7 6.6 +3.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 7.0 +3.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.0 88 -29 7.5 +4.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 7.4 +4.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.0 46 13 5.0 +2.0
AVEM Avantis Emerging Markets Equity ETF 0.0 33 26 6.5 +3.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 26 5.6 +2.6
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 52 6.4 +3.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 34 4.6 +1.6
VXUS Vanguard Total International Stock ETF 0.0 5 54 6.4 +3.3
VSGX Vanguard ESG International Stock ETF 0.0 10 49 6.3 +3.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 29 7.3 +4.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 41 5.9 +2.9
EEM iShares MSCI Emerging Markets ETF 0.0 69 -10 7.2 +4.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -10 6.9 +3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 41 6.1 +3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 6.5 +3.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 5.9 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.0 17 42 7.8 +4.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 5.7 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.6 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 55 6.4 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 5.8 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 25 6.1 +3.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 7.1 +4.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 25 5.5 +2.4
PKW Invesco Buyback Achievers ETF 0.0 62 -3 7.3 +4.2
EBI Longview Advantage ETF 0.0 35 24 5.8 +2.8

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
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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 2.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.0 %
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.