Global X MSCI Argentina ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 16.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.9x Div.
yield		 2.1%


  • 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) $586
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) $24,770
Large cap (>$10bn) 29.4%
Mid cap ($2-10bn) 46.5%
Small cap (<$2bn) 22.9%
Developed mkts 15.7%
Emerging mkts 84.3%

TOP TEN HOLDINGS
MERCADOLIBRE INC 17.1 %
GRUPO FINANCIERO GALICIA-ADR 12.5 %
YPF S.A.-SPONSORED ADR 11.9 %
PAMPA ENERGIA SA-SPON ADR 5.3 %
TRANSPORTADOR GAS SUR-SP ADR 5.2 %
BANCO MACRO SA-ADR 5.1 %
CENTRAL PUERTO S.A. SPONSORED ADR 3.5 %
FILO MINING CORP. 3.2 %
CENCOSUD SA 3.2 %
BANCO BBVA ARGENTINA SA SPONSORED 3.2 %
Total 70.0 %

TOP COUNTRY EXPOSURE
ARGENTINA 77.6 %
CHILE 8.0 %
CANADA 7.1 %
LUXEMBOURG 4.2 %
URUGUAY 3.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.6% 77.6% 26.8% 13.5% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.22 39%
MSCI EAFE 1.28 45%
MSCI Emg. Mkts. 0.94 23%

Technical Indicators
Recent close $81.50
30d moving avg. $69.92
Annualized volatility 33.9%
Short interest (ETF) 5.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 253
Turnover 3.5%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $847

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 253 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™: 5.4%


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
(%)
AADR AdvisorShares Dorsey Wright ADR ETF 16.1 110 -51 5.6 +0.2
BGAIX Baron Global Advantage 9.0 75 -16 0.6 -4.8
ECH iShares MSCI Chile ETF 8.0 58 1 9.8 +4.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.0 86 -27 1.6 -3.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.5 86 -27 1.2 -4.1
BUYZ Franklin Disruptive Commerce ETF 4.6 50 9 1.8 -3.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.1 60 -1 13.4 +8.0
EMFQ Amplify Emerging Markets FinTech ETF 4.1 69 -10 5.3 -0.1
EBIZ Global X E-Commerce ETF 3.9 50 9 2.1 -3.3
BRF VanEck Brazil Small-Cap ETF 3.9 66 -7 9.7 +4.3
CLOD Themes Cloud Computing ETF 3.8 35 24 2.6 -2.8
BFIIX Baron FinTech 3.7 75 -16 3.4 -2.0
BFTHX Baron Fifth Avenue Growth Retail 3.6 75 -16 1.7 -3.7
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 3.5 49 10 5.0 -0.4
TOGA Tremblant Global ETF 3.5 69 -10 1.9 -3.5
BRAZ Global X Brazil Active ETF 3.3 75 -16 10.1 +4.7
ARKF ARK Fintech Innovation ETF 3.2 75 -16 -0.4 -5.8
LOUP Innovator Deepwater Frontier Tech ETF 3.1 70 -11 1.3 -4.1
AWAY ETFMG Travel Tech ETF 3.1 76 -17 -5.2 -10.6
SGDJ Sprott Junior Gold Miners ETF 3.0 50 9 5.6 +0.3
SGDM Sprott Gold Miners ETF 3.0 50 9 5.4 +0.0
PNQI Invesco NASDAQ Internet ETF 2.9 60 -1 2.3 -3.1
INNO Harbor Disruptive Innovation ETF 2.9 75 -16 1.6 -3.8
ONLN ProShares Online Retail ETF 2.8 58 1 3.3 -2.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.7 60 -1 0.5 -4.9
XNTK SPDR NYSE Technology ETF 2.6 35 24 4.2 -1.2
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.6 20 39 5.2 -0.2
CGXU Capital Group International Focus Equity ETF 2.6 54 5 4.9 -0.5
PBJ Invesco Food & Beverage ETF 2.6 57 2 6.2 +0.8
GBUY Goldman Sachs Future Consumer Equity ETF 2.4 75 -16 3.3 -2.0
COPX Global X Copper Miners ETF 2.4 65 -6 8.2 +2.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.4 75 -16 2.9 -2.5
AOTG AOT Growth and Innovation ETF 2.4 75 -16 3.1 -2.3
BLOK Amplify Transformational Data Sharing ETF 2.3 75 -16 0.0 -5.4
EATZ AdvisorShares Restaurant ETF 2.2 101 -42 3.2 -2.2
ISHP First Trust Nasdaq Retail ETF 2.1 60 -1 2.9 -2.5
CVY Invesco Zacks Multi-Asset Income ETF 2.0 106 -47 9.8 +4.4
TMFG Motley Fool Global Opportunities ETF 2.0 85 -26 3.2 -2.2
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 14 4.8 -0.6
SILJ ETFMG Prime Junior Silver Miners ETF 1.9 69 -10 1.5 -3.8
USRD Themes US R&D Champions ETF 1.8 29 30 7.0 +1.6
BTEK Future Tech ETF 1.8 88 -29 2.3 -3.1
GDXJ VanEck Junior Gold Miners ETF 1.8 52 7 4.5 -0.9
GOEX Global X Gold Explorers ETF 1.7 65 -6 4.4 -1.0
IBUY Amplify Online Retail ETF 1.6 65 -6 1.4 -4.0
XC WisdomTree Emerging Markets Ex-China Fund 1.6 32 27 6.0 +0.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 -1 4.6 -0.7
ARKW ARK Next Generation Internet ETF 1.5 87 -28 -0.7 -6.1
NULG Nuveen ESG Large-Cap Growth ETF 1.5 26 33 4.1 -1.3
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 11 1.9 -3.5
BITQ Bitwise Crypto Industry Innovators ETF 1.4 85 -26 -1.9 -7.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 51 4.5 -0.9
VCR Vanguard Consumer Discretionary ETF 1.4 10 49 4.4 -1.0
FLN First Trust Latin America AlphaDEX Fund 1.4 80 -21 8.4 +3.1
FRDM Freedom 100 Emerging Markets ETF 1.4 49 10 7.3 +1.9
FFOG Franklin Focused Growth ETF FOCUSED GROWTH ETF 1.4 61 -2 2.8 -2.6
CGIE Capital Group International Equity ETF 1.3 54 5 4.9 -0.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.3 40 19 3.8 -1.6
NULC Nuveen ESG Large-Cap ETF 1.3 21 38 5.3 -0.1
COPA Themes Copper Miners ETF 1.3 35 24 7.3 +1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.3 32 27 6.2 +0.8
EMM Global X Emerging Markets ex-China ETF 1.3 75 -16 4.2 -1.1
PWB Invesco Large Cap Growth ETF 1.2 56 3 3.2 -2.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 -16 3.4 -2.0
RAYD Rayliant Quantitative Developed Market Equity ETF 1.1 80 -21 3.8 -1.5
GVAL Cambria Global Value ETF 1.1 68 -9 13.1 +7.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 24 4.6 -0.8
EMC Global X Emerging Markets Great Consumer ETF 1.0 75 -16 4.5 -0.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.0 70 -11 9.2 +3.8
RING iShares MSCI Global Gold Miners ETF 1.0 39 20 5.6 +0.2
JOET Virtus Terranova US Quality Momentum ETF 1.0 29 30 4.7 -0.7
VIDI Vident International Equity Strategy ETF 1.0 61 -2 10.2 +4.8
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -16 5.0 -0.4
PBW Invesco WilderHill Clean Energy ETF 0.9 66 -7 -13.7 -19.1
LIMI Themes Lithium & Battery Metal Miners ETF 0.9 35 24 4.7 -0.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 1 5.0 -0.4
FDFF Fidelity Disruptive Finance ETF 0.8 50 9 4.1 -1.3
GINN Goldman Sachs Innovate Equity ETF 0.8 52 7 2.8 -2.6
MEM Matthews Emerging Markets Equity Active ETF 0.8 79 -20 5.4 +0.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 39 1.0 -4.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 14 12.3 +6.9
BATT Amplify Lithium & Battery Technology ETF 0.7 59 0 -0.1 -5.5
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 23 4.6 -0.8
CGGO Capital Group Global Growth Equity ETF 0.6 47 12 4.6 -0.8
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 44 7.1 +1.7
QQQ Invesco QQQ Trust Series I 0.6 20 39 4.5 -0.8
QQQM Invesco NASDAQ 100 ETF 0.6 15 44 4.6 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 26 8.2 +2.9
ILF iShares Latin America 40 ETF 0.6 48 11 10.4 +5.1
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -30 4.9 -0.5
FLLA Franklin FTSE Latin America ETF 0.6 19 40 13.2 +7.8
SLVP iShares MSCI Global Silver Miners ETF 0.5 39 20 3.2 -2.2
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 39 4.7 -0.7
JIG JPMorgan International Growth ETF 0.5 55 4 4.6 -0.7
WWJD Inspire International ETF 0.5 80 -21 7.3 +1.9
TRFM AAM Transformers ETF 0.5 49 10 2.0 -3.4
JGRO JPMorgan Active Growth ETF 0.5 44 15 3.5 -1.9
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 -6 4.7 -0.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.4 18 41 5.6 +0.3
MGMT Ballast Small/Mid Cap ETF 0.4 110 -51 7.1 +1.7
KROP Global X AgTech & Food Innovation ETF 0.4 50 9 4.7 -0.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 49 5.0 -0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 15 10.6 +5.2
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 44 6.1 +0.7
LRGF iShares U.S. Equity Factor ETF 0.4 8 51 5.6 +0.2
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 34 5.4 -0.0
ILCG iShares Morningstar Growth ETF 0.4 4 55 3.9 -1.5
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 15 15.8 +10.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -16 4.3 -1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 38 3.8 -1.6
MVPS Amplify Thematic All-Stars ETF 0.3 49 10 2.7 -2.7
LIT Global X Lithium & Battery Tech ETF 0.3 75 -16 9.1 +3.7
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 49 5.1 -0.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 41 4.5 -0.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -21 12.3 +6.9
GLOF iShares Global Equity Factor ETF 0.3 20 39 7.0 +1.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 50 4.9 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 49 5.1 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 10 5.0 -0.4
AVUS Avantis U.S. Equity ETF 0.3 15 44 5.6 +0.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 49 5.3 -0.1
OPTZ Optimize Strategy Index ETF 0.3 50 9 2.9 -2.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 49 4.4 -1.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -11 9.8 +4.4
APIE ActivePassive International Equity ETF 0.3 45 14 8.1 +2.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 11 8.8 +3.4
IGF iShares Global Infrastructure ETF 0.3 41 18 4.3 -1.1
GII SPDR S&P Global Infrastructure ETF 0.2 40 19 4.3 -1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 20 4.1 -1.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 20 11.0 +5.7
BLES Inspire Global Hope ETF 0.2 61 -2 6.4 +1.1
AGMI Themes Silver Miners ETF 0.2 35 24 4.5 -0.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 51 5.0 -0.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 44 4.6 -0.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 52 5.0 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 27 6.9 +1.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 49 4.5 -0.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 24 5.1 -0.2
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 4 4.7 -0.7
WRND IQ Global Equity R&D Leaders ETF 0.2 18 41 7.5 +2.1
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 50 4.8 -0.6
SUSA iShares MSCI USA ESG Select ETF 0.2 25 34 5.0 -0.3
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 56 4.9 -0.4
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 44 5.6 +0.2
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 44 5.0 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 57 5.0 -0.4
VOTE TCW Transform 500 ETF 0.2 5 54 4.9 -0.5
PBUS Invesco MSCI USA ETF 0.2 4 55 5.0 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 59 5.0 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 52 4.9 -0.5
SIZE iShares MSCI USA Size Factor ETF 0.2 15 44 5.6 +0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 20 12.5 +7.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -11 7.7 +2.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 48 4.9 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 50 5.7 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 47 4.8 -0.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 24 12.4 +7.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 13.0 +7.6
FMIL Fidelity New Millennium ETF 0.1 59 0 4.8 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 5.2 -0.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 49 5.4 +0.1
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 34 8.5 +3.1
TOK iShares MSCI Kokusai ETF 0.1 26 33 5.0 -0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 11.0 +5.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 30 6.5 +1.2
URTH iShares MSCI World ETF 0.1 24 35 5.2 -0.2
RVRB Reverb ETF 0.1 30 29 4.7 -0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 50 5.2 -0.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 21 4.8 -0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 10.2 +4.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.4 -0.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 34 5.2 -0.2
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.3 -0.1
VT Vanguard Total World Stock ETF 0.1 7 52 5.5 +0.1
IUS Invesco RAFI Strategic US ETF 0.1 19 40 6.8 +1.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 34 6.0 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 20 7.4 +2.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 44 6.3 +0.9
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 43 6.8 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 44 5.7 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 10 8.2 +2.8
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -16 7.6 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 55 4.8 -0.6
KXI iShares Global Consumer Staples ETF 0.1 41 18 5.7 +0.3
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 17 4.5 -0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 18 7.4 +2.0
VTWV Vanguard Russell 2000 Value ETF 0.1 15 44 4.9 -0.5
DFEV Dimensional Emerging Markets Value ETF 0.1 43 16 11.1 +5.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 29 7.3 +1.9
IWN iShares Russell 2000 Value ETF 0.1 24 35 4.8 -0.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 20 5.8 +0.4
AVES Avantis Emerging Markets Value ETF 0.1 36 23 11.6 +6.2
SCHE Schwab Emerging Markets Equity ETF 0.1 11 48 7.1 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 39 4.6 -0.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 48 6.6 +1.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 18 5.0 -0.4
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 50 7.5 +2.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 24 7.3 +1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 44 10.2 +4.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 20 7.2 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.1 33 26 8.9 +3.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 51 6.9 +1.5
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.0 85 -26 -0.3 -5.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 34 6.7 +1.3
GWX SPDR S&P International Small Cap ETF 0.0 40 19 6.5 +1.1
DEW WisdomTree Global High Dividend Fund 0.0 58 1 8.5 +3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 0 11.3 +5.9
RODE Hartford Multifactor Diversified International ETF 0.0 29 30 11.8 +6.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.0 46 13 4.9 -0.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 21 7.8 +2.4
RSSL Global X Russell 2000 ETF 0.0 8 51 2.6 -2.8
IWM iShares Russell 2000 ETF 0.0 19 40 2.8 -2.6
VTWO Vanguard Russell 2000 ETF 0.0 10 49 2.9 -2.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 52 6.7 +1.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.0 12 47 7.2 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 20 12.8 +7.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 29 8.1 +2.7
VYMI Vanguard International High Dividend Yield ETF 0.0 22 37 9.8 +4.4
EEM iShares MSCI Emerging Markets ETF 0.0 69 -10 6.9 +1.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 48 8.4 +3.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 23 7.8 +2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 44 7.2 +1.9
VFVA Vanguard U.S. Value Factor ETF 0.0 13 46 10.0 +4.6
DFIS Dimensional International Small Cap ETF 0.0 39 20 6.9 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 8.9 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 29 8.0 +2.6
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 52 7.2 +1.8
HDUS Hartford Disciplined US Equity ETF 0.0 19 40 5.9 +0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -7 10.0 +4.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 20 6.8 +1.4
VXUS Vanguard Total International Stock ETF 0.0 7 52 7.2 +1.8
VSGX Vanguard ESG International Stock ETF 0.0 12 47 6.8 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 51 7.3 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 29 5.9 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 25 7.0 +1.6
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 44 0.7 -4.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 29 4.7 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 7.4 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 41 7.0 +1.6
IWO iShares Russell 2000 Growth ETF 0.0 24 35 0.6 -4.8
AVDE Avantis International Equity ETF 0.0 23 36 8.1 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 55 7.1 +1.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 34 6.8 +1.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 54 7.3 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 35 6.5 +1.1
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 52 7.3 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 7.2 +1.8
IWV iShares Russell 3000 ETF 0.0 20 39 4.7 -0.7
VTHR Vanguard Russell 3000 ETF 0.0 10 49 4.7 -0.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 41 7.3 +1.9
DFAS Dimensional U.S. Small Cap ETF 0.0 26 33 5.5 +0.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 31 7.8 +2.4
DFUS Dimensional U.S. Equity ETF 0.0 9 50 4.9 -0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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Return on equity

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*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
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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:

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 10.7 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.48
 
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.