Global X MSCI Argentina ETF
ALTAR
Score™		 3.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 26.4x P/Sales
ratio		 1.4x
P/BV
ratio		 3.1x 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) $915
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 21.7 %
YPF S.A.-SPONSORED ADR 9.5 %
GRUPO FINANCIERO GALICIA-ADR 6.3 %
VISTA ENERGY SAB DE CV 6.3 %
BANCO MACRO SA-ADR 4.9 %
PAMPA ENERGIA SA-SPON ADR 4.2 %
TRANSPORTADOR GAS SUR-SP ADR 3.8 %
CENTRAL PUERTO S.A. SPONSORED ADR 3.6 %
BANCO BBVA ARGENTINA SA SPONSORED 3.5 %
LITHIUM ARGENTINA AG 3.5 %
Total 67.3 %

TOP COUNTRY EXPOSURE
ARGENTINA 69.4 %
CANADA 10.0 %
CHILE 7.8 %
UNITED STATES 6.3 %
LUXEMBOURG 3.6 %
URUGUAY 2.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.3% 7.2% 26.9% 17.3% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.14 16%
MSCI EAFE 0.81 11%
MSCI Emg. Mkts. 0.73 14%

Technical Indicators
Recent close $98.99
30d moving avg. $91.55
Annualized volatility 36.2%
Short interest (ETF) 6.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 202
Turnover 2.2%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $435

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 248 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 -2.7
ECH iShares MSCI Chile ETF 7.5 58 1 7.3 +4.3
CDIG City Different Investments Global Equity ETF 6.8 75 -16 -1.6 -4.5
OTGL OTG Latin America ETF 6.6 269 -210 7.6 +4.6
GOEX Global X Gold Explorers ETF 4.8 65 -6 2.1 -0.9
XC WisdomTree Emerging Markets Ex-China Fund 4.5 32 27 6.4 +3.4
MVPA Miller Value Partners Appreciation ETF 4.5 60 -1 10.0 +7.0
EBIZ Global X E-Commerce ETF 3.9 50 9 4.7 +1.7
LOGO Alpha Brands Consumption Leaders ETF 3.8 69 -10 2.4 -0.6
BCOR Grayscale Bitcoin Adopters ETF 3.8 59 0 1.6 -1.4
BUYZ Franklin Disruptive Commerce ETF 3.4 50 9 2.3 -0.7
TOGA Tremblant Global ETF 3.3 69 -10 -0.2 -3.2
BPAY BlackRock Future Financial and Technology ETF 3.3 70 -11 5.3 +2.3
SGDM Sprott Gold Miners ETF 3.2 50 9 2.8 -0.2
SILJ ETFMG Prime Junior Silver Miners ETF 3.2 69 -10 0.3 -2.7
LIMI Themes Lithium & Battery Metal Miners ETF 3.1 35 24 2.4 -0.6
GKAT Scharf Global Opportunity ETF 3.1 57 2 5.6 +2.6
CLOD Themes Cloud Computing ETF 3.0 35 24 2.7 -0.3
PCGG Polen Capital Global Growth ETF 2.9 85 -26 3.7 +0.7
LOUP Innovator Deepwater Frontier Tech ETF 2.8 70 -11 0.7 -2.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.7 60 -1 8.4 +5.4
ARKF ARK Fintech Innovation ETF 2.6 75 -16 0.2 -2.8
BRF VanEck Brazil Small-Cap ETF 2.5 66 -7 10.7 +7.8
PNQI Invesco NASDAQ Internet ETF 2.4 60 -1 3.6 +0.6
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
ABLG Abacus FCF International Leaders ETF 2.3 59 0 6.1 +3.2
CBSE Clough Select Equity ETF 2.3 85 -26 0.3 -2.7
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -26 -0.8 -3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 2.1 48 11 7.7 +4.7
FFTY Innovator IBD 50 ETF 2.0 80 -21 -0.1 -3.1
TMFG Motley Fool Global Opportunities ETF 2.0 85 -26 3.7 +0.7
OGIG ALPS O'Shares Global Internet Giants ETF 1.9 48 11 2.2 -0.8
JADE JPMorgan Active Developing Markets Equity ETF 1.9 65 -6 5.6 +2.6
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 14 2.2 -0.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.8 60 -1 4.2 +1.2
SIL Global X Silver Miners ETF 1.8 65 -6 1.6 -1.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.8 58 1 2.9 -0.1
USRD Themes US R&D Champions ETF 1.7 29 30 3.5 +0.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.7 20 39 3.8 +0.8
GPT Intelligent Alpha Atlas ETF 1.7 69 -10 6.0 +3.0
RING iShares MSCI Global Gold Miners ETF 1.6 39 20 3.4 +0.4
EMM Global X Emerging Markets ex-China ETF 1.6 75 -16 4.3 +1.3
VUSG Vanguard Wellington U.S. Growth Active ETF 1.6 35 24 2.3 -0.7
LGCF Themes US Cash Flow Champions ETF 1.5 30 29 7.3 +4.3
SLVP iShares MSCI Global Silver Miners ETF 1.5 39 20 3.8 +0.8
AGMI Themes Silver Miners ETF 1.5 35 24 3.7 +0.7
BRAZ Global X Brazil Active ETF 1.5 75 -16 10.2 +7.2
BLOK Amplify Transformational Data Sharing ETF 1.4 75 -16 -0.2 -3.2
AOTG AOT Growth and Innovation ETF 1.4 75 -16 1.0 -2.0
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 33 2.7 -0.3
BITQ Bitwise Crypto Industry Innovators ETF 1.3 85 -26 -2.0 -5.0
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
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 41 5.0 +2.0
ISHP First Trust Nasdaq Retail ETF 1.2 60 -1 5.3 +2.3
VCR Vanguard Consumer Discretionary ETF 1.2 9 50 4.3 +1.3
VIDI Vident International Equity Strategy ETF 1.1 61 -2 7.6 +4.6
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -16 6.5 +3.5
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 -16 4.4 +1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 24 3.3 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 27 6.8 +3.8
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.0 49 10 2.8 -0.2
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.0 25 34 3.4 +0.5
CGXU Capital Group International Focus Equity ETF 1.0 54 5 3.5 +0.5
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 3.8 +0.8
FRDM Freedom 100 Emerging Markets ETF 0.9 49 10 4.7 +1.8
FDFF Fidelity Disruptive Finance ETF 0.9 50 9 5.4 +2.4
ARKW ARK Next Generation Internet ETF 0.8 87 -28 0.5 -2.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -16 1.6 -1.4
FFOG Franklin Focused Growth ETF 0.7 61 -2 1.4 -1.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 7 3.5 +0.5
FLLA Franklin FTSE Latin America ETF 0.7 19 40 10.4 +7.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 19 2.8 -0.2
IBUY Amplify Online Retail ETF 0.7 65 -6 2.2 -0.8
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 39 2.9 -0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -21 3.2 +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 0.6 49 10 0.9 -2.1
CGIE Capital Group International Equity ETF 0.5 54 5 4.5 +1.5
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 +6.3
WWJD Inspire International ETF 0.5 80 -21 6.2 +3.2
ILF iShares Latin America 40 ETF 0.5 48 11 9.5 +6.5
GVAL Cambria Global Value ETF 0.5 68 -9 8.7 +5.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.8 +5.8
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 31 2.6 -0.4
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 23 4.0 +1.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 10 6.9 +3.9
LIT Global X Lithium & Battery Tech ETF 0.4 75 -16 4.5 +1.5
PSC Principal U.S. Small-Cap ETF 0.4 38 21 3.6 +0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 14 9.3 +6.3
GVLU Gotham 1000 Value ETF 0.3 50 9 8.1 +5.2
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.3 20 39 4.1 +1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -16 4.7 +1.7
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 44 5.2 +2.2
IGF iShares Global Infrastructure ETF 0.3 41 18 4.3 +1.3
GII SPDR S&P Global Infrastructure ETF 0.3 40 19 4.4 +1.4
DFIS Dimensional International Small Cap ETF 0.3 39 20 6.0 +3.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -21 6.2 +3.2
BUZZ VanEck Social Sentiment ETF 0.3 75 -16 -0.7 -3.7
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 49 3.6 +0.6
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 41 2.8 -0.2
SUSA iShares MSCI USA ESG Select ETF 0.3 25 34 3.8 +0.9
YNOT Horizon Digital Frontier ETF 0.3 75 -16 2.3 -0.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 50 4.1 +1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 30 6.4 +3.4
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -30 4.2 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 49 4.1 +1.1
DISV Dimensional International Small Cap Value ETF 0.3 42 17 8.0 +5.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 38 2.7 -0.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 21 3.7 +0.8
APIE ActivePassive International Equity ETF 0.2 45 14 6.3 +3.3
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 6.2 +3.2
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 49 4.0 +1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 20 3.5 +0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 10 5.9 +2.9
BLES Inspire Global Hope ETF 0.2 61 -2 5.7 +2.7
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 4.2 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 30 5.7 +2.7
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 49 3.5 +0.5
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 47 3.4 +0.4
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 46 1.6 -1.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 44 5.4 +2.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 51 4.2 +1.2
DXIV Dimensional International Vector Equity ETF 0.2 34 25 6.5 +3.5
LRGF iShares U.S. Equity Factor ETF 0.2 8 51 4.4 +1.5
GEW Cambria Global EW ETF 0.2 29 30 5.3 +2.3
AVDS Avantis International Small Cap Equity ETF 0.2 30 29 5.8 +2.8
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
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 20 6.6 +3.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -11 6.0 +3.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 51 6.1 +3.1
PBUS Invesco MSCI USA ETF 0.2 4 55 4.1 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 15 7.0 +4.0
ILCG iShares Morningstar Growth ETF 0.2 4 55 2.9 -0.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 50 5.4 +2.4
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.4 +2.4
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -6 3.2 +0.2
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 44 4.0 +1.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 20 7.8 +4.8
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 4.0 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 59 4.0 +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 3.9 +1.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 50 4.0 +1.0
SIZE iShares MSCI USA Size Factor ETF 0.1 15 44 5.4 +2.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 34 8.1 +5.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 48 4.0 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 39 5.7 +2.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 39 0.7 -2.3
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 49 4.8 +1.8
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 56 4.0 +1.0
WSGE Warren Street Global Equity ETF 0.1 80 -21 2.7 -0.3
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 44 5.0 +2.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 44 4.8 +1.8
GXLC Global X U.S. 500 ETF 0.1 2 57 3.9 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 7.4 +4.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 4.3 +1.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 12 4.8 +1.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 9.5 +6.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 4.6 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 4.3 +1.3
FESM Fidelity Enhanced Small Cap ETF 0.1 28 31 2.2 -0.8
RVRB Reverb ETF 0.1 30 29 3.9 +0.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 34 4.8 +1.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.5 +2.5
TOK iShares MSCI Kokusai ETF 0.1 26 33 4.2 +1.2
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 8.0 +5.0
IUS Invesco RAFI Strategic US ETF 0.1 19 40 5.5 +2.5
ILCV iShares Morningstar Value ETF 0.1 4 55 5.3 +2.3
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
URTH iShares MSCI World ETF 0.1 24 35 4.2 +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
VT Vanguard Total World Stock ETF 0.1 6 53 4.8 +1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 20 13.1 +10.2
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.5 +1.5
KXI iShares Global Consumer Staples ETF 0.1 41 18 5.4 +2.4
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 52 5.5 +2.5
DAK Dakota Active Equity ETF 0.1 43 16 3.6 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 29 6.1 +3.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 16 8.7 +5.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 0 7.9 +4.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 6.1 +3.1
VFMF Vanguard U.S. Multifactor ETF 0.1 18 41 6.6 +3.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 44 4.8 +1.8
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -16 8.1 +5.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 10 12.9 +9.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 29 5.1 +2.1
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 52 9.1 +6.1
AVDE Avantis International Equity ETF 0.1 23 36 6.1 +3.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 36 6.1 +3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 18 4.3 +1.3
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 35 5.6 +2.6
WSML iShares MSCI World Small-Cap ETF 0.1 15 44 5.2 +2.2
SCHE Schwab Emerging Markets Equity ETF 0.1 11 48 9.1 +6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 6.4 +3.4
EPS WisdomTree U.S. LargeCap Fund 0.1 8 51 4.6 +1.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 26 6.1 +3.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 52 8.8 +5.8
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 17 3.4 +0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 20 2.2 -0.8
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 24 6.4 +3.4
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 50 7.5 +4.6
JGRO JPMorgan Active Growth ETF 0.0 44 15 2.3 -0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 44 8.2 +5.2
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 52 6.3 +3.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 6.4 +3.4
AVES Avantis Emerging Markets Value ETF 0.0 36 23 8.3 +5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 20 6.9 +3.9
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 6.9 +3.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.0 88 -29 8.4 +5.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 7.4 +4.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 34 4.6 +1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.0 46 13 5.1 +2.1
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
VSGX Vanguard ESG International Stock ETF 0.0 10 49 6.3 +3.3
VXUS Vanguard Total International Stock ETF 0.0 5 54 6.4 +3.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 41 6.0 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 29 7.3 +4.3
EEM iShares MSCI Emerging Markets ETF 0.0 69 -10 7.1 +4.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -10 6.9 +3.9
VYMI Vanguard International High Dividend Yield ETF 0.0 17 42 7.9 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 41 6.1 +3.1
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 5.7 +2.8
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
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 6.5 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 5.8 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 7.2 +4.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 25 6.1 +3.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 25 5.5 +2.6
PKW Invesco Buyback Achievers ETF 0.0 62 -3 7.4 +4.4
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 ** ** **
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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		 1.52
 
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.