Global X Brazil Active ETF
ALTAR
Score™		 13.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.4x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BRAZ is an actively managed ETF offering exposure to the Brazilian Economy. BRAZ screens for companies with quality business models and management teams across Brazil, focusing on domestic-driven growth over a 4-5 year investing horizon.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxetfs.com/braz
Inception date Aug 17, 2023
Assets (mns) $5
Currency USD
Expense ratio 75 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $26,158
Large cap (>$10bn) 67.8%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 5.1%
Developed mkts 12.7%
Emerging mkts 87.3%

TOP TEN HOLDINGS
PETROLEO BRASILEIRO S.A.-ADR 13.7 %
NU HOLDINGS LTD. CLASS A 11.5 %
ITAU UNIBANCO HLDNG-PREF ADR 10.7 %
VALE SA-SP ADR 6.3 %
BANCO BRADESCO-ADR 5.4 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.9 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.7 %
WEG SA 4.2 %
CENTRAIS ELEC BRAS-SP ADR CM 3.8 %
HRT PARTICIPACOES EM PETROLE 3.2 %
Total 68.3 %

TOP COUNTRY EXPOSURE
BRAZIL 79.9 %
CAYMAN ISLANDS 11.5 %
CANADA 3.5 %
LUXEMBOURG 2.3 %
ARGENTINA 1.4 %
MEXICO 1.4 %





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.
25.3% 4.6% -- -- 51.7%

Market Correlations
versus... Beta R-squared
S&P500 0.48 8%
MSCI EAFE 0.91 31%
MSCI Emg. Mkts. 1.14 33%

Technical Indicators
Recent close $23.25
30d moving avg. $23.79
Annualized volatility 23.3%
Short interest (ETF) 0.5%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 339 potential alternatives to the Global X Brazil Active ETF ETF based on the alternatives' overlap in portfolio holdings with BRAZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BRAZ Expense: 75 bp ALTAR Score™: 13.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BRAZ
Ticker Fund
Name		 Overlap1
vs BRAZ
(%)		 Expense
ratio
(bp)		 Savings
vs BRAZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BRAZ
(%)
ILF iShares Latin America 40 ETF 37.8 48 27 13.5 +0.3
EWZ iShares MSCI Brazil ETF 26.5 58 17 13.6 +0.4
FLBR Franklin FTSE Brazil ETF 12.6 19 56 15.8 +2.7
FLN First Trust Latin America AlphaDEX Fund 7.9 80 -5 10.8 -2.3
FLLA Franklin FTSE Latin America ETF 7.5 19 56 14.0 +0.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.5 86 -11 0.8 -12.3
LIVR Intelligent Livermore ETF 7.2 69 6 6.3 -6.8
EV Mast Global Battery Recycling & Production ETF 6.3 65 10 10.6 -2.5
SLX VanEck Steel ETF 6.3 56 19 15.4 +2.2
EMC Global X Emerging Markets Great Consumer ETF 5.8 75 0 8.8 -4.4
AOTG AOT Growth and Innovation ETF 5.5 75 0 1.8 -11.4
NDIV Amplify Natural Resources Dividend Income ETF 5.0 59 16 13.9 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.0 86 -11 13.3 +0.2
LOUP Innovator Deepwater Frontier Tech ETF 4.5 70 5 1.1 -12.0
FTHF First Trust Emerging Markets Human Flourishing ETF 4.4 75 0 8.6 -4.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 15 11.0 -2.2
MEM Matthews Emerging Markets Equity Active ETF 3.9 79 -4 7.9 -5.2
BLOK Amplify Transformational Data Sharing ETF 3.9 75 0 -0.1 -13.2
CGXU Capital Group International Focus Equity ETF 3.8 54 21 5.8 -7.4
EMIF iShares Emerging Markets Infrastructure ETF 3.8 60 15 6.7 -6.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.6 60 15 7.2 -6.0
BITQ Bitwise Crypto Industry Innovators ETF 3.5 85 -10 -2.4 -15.5
BRF VanEck Brazil Small-Cap ETF 3.3 66 9 11.6 -1.6
GNR SPDR S&P Global Natural Resources ETF 3.2 40 35 11.6 -1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 3.1 49 26 11.9 -1.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.0 33 42 8.7 -4.5
HAP VanEck Natural Resources ETF 3.0 50 25 9.7 -3.4
BPAY BlackRock Future Financial and Technology ETF 2.9 70 5 6.4 -6.8
SMOG VanEck Low Carbon Energy ETF 2.9 61 14 1.6 -11.6
ARKF ARK Fintech Innovation ETF 2.7 75 0 -0.5 -13.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.6 33 42 10.1 -3.1
FRDM Freedom 100 Emerging Markets ETF 2.6 49 26 8.8 -4.3
MID American Century Mid Cap Growth Impact ETF 2.5 45 30 3.2 -10.0
CNRG SPDR S&P Kensho Clean Power ETF 2.4 45 30 0.6 -12.6
ICLN iShares Global Clean Energy ETF 2.4 41 34 5.8 -7.3
XC WisdomTree Emerging Markets Ex-China Fund 2.4 32 43 6.2 -7.0
EWZS iShares MSCI Brazil Small-Cap ETF 2.4 59 16 11.2 -1.9
SPEM SPDR Portfolio Emerging Markets ETF 2.3 7 68 10.6 -2.6
BKF iShares MSCI BIC ETF 2.2 69 6 13.2 +0.1
SPYA Twin Oak Endure ETF 2.2 80 -5 -2.2 -15.3
GDX VanEck Gold Miners ETF 2.2 51 24 4.5 -8.7
SIL Global X Silver Miners ETF 2.2 65 10 3.7 -9.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 9.2 -3.9
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 -5 12.2 -1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.0 90 -15 7.7 -5.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.9 53 22 7.7 -5.5
EEMO Invesco S&P Emerging Markets Momentum ETF 1.8 29 46 6.4 -6.7
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 59 8.4 -4.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.7 30 45 9.9 -3.2
FDFF Fidelity Disruptive Finance ETF 1.7 50 25 4.0 -9.2
AVEM Avantis Emerging Markets Equity ETF 1.7 33 42 9.1 -4.1
AVES Avantis Emerging Markets Value ETF 1.7 36 39 11.5 -1.6
PCGG Polen Capital Global Growth ETF 1.7 85 -10 3.7 -9.4
FMET Fidelity Metaverse ETF 1.7 39 36 4.7 -8.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 50 7.7 -5.5
DINT Davis Select International ETF 1.5 55 20 8.1 -5.1
MXI iShares Global Materials ETF 1.5 41 34 8.0 -5.1
IGE iShares North American Natural Resources ETF 1.5 41 34 8.0 -5.2
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 42 8.5 -4.6
AADR AdvisorShares Dorsey Wright ADR ETF 1.4 110 -35 5.1 -8.1
BUYZ Franklin Disruptive Commerce ETF 1.4 50 25 2.3 -10.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 67 4.6 -8.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.4 75 0 3.1 -10.1
GVIP Goldman Sachs Hedge Industry VIP ETF 1.4 45 30 3.5 -9.7
ISHP First Trust Nasdaq Retail ETF 1.4 60 15 5.2 -7.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.4 60 15 10.2 -3.0
NULC Nuveen ESG Large-Cap ETF 1.4 21 54 4.8 -8.3
ONLN ProShares Online Retail ETF 1.4 58 17 2.3 -10.9
OGIG ALPS O'Shares Global Internet Giants ETF 1.4 48 27 1.6 -11.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.4 60 15 4.4 -8.8
RJMG FT Raymond James Multicap Growth Equity ETF 1.4 85 -10 2.3 -10.9
ARGT Global X MSCI Argentina ETF 1.4 59 16 4.6 -8.6
EBIZ Global X E-Commerce ETF 1.4 50 25 4.1 -9.1
PNQI Invesco NASDAQ Internet ETF 1.4 60 15 3.2 -9.9
FFTY Innovator IBD 50 ETF 1.4 80 -5 0.5 -12.7
TMFG Motley Fool Global Opportunities ETF 1.4 85 -10 4.0 -9.2
CLOD Themes Cloud Computing ETF 1.4 35 40 3.1 -10.1
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.4 49 26 3.8 -9.4
TOGA Tremblant Global ETF 1.4 69 6 1.5 -11.7
USRD Themes US R&D Champions ETF 1.4 29 46 4.4 -8.7
LGCF Themes US Cash Flow Champions ETF 1.4 30 45 8.5 -4.6
BCOR Grayscale Bitcoin Adopters ETF 1.4 59 16 2.3 -10.9
LOGO Alpha Brands Consumption Leaders ETF 1.4 69 6 6.3 -6.9
VCR Vanguard Consumer Discretionary ETF 1.4 9 66 4.6 -8.6
SFYF SoFi Social 50 ETF 1.4 29 46 0.3 -12.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.4 58 17 4.7 -8.4
FFOG Franklin Focused Growth ETF 1.4 61 14 2.4 -10.8
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 3.3 -9.8
PID Invesco International Dividend Achievers ETF 1.4 53 22 5.6 -7.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.3 40 35 3.5 -9.6
TTAI FCF International Quality ETF 1.3 59 16 7.0 -6.2
COPJ Sprott Junior Copper Miners ETF 1.3 75 0 1.0 -12.1
COPX Global X Copper Miners ETF 1.3 65 10 8.4 -4.8
COPA Themes Copper Miners ETF 1.3 35 40 6.6 -6.6
CGIE Capital Group International Equity ETF 1.3 54 21 5.0 -8.1
XCNY SPDR S&P Emerging Markets ex-China ETF 1.3 15 60 7.7 -5.5
PWB Invesco Large Cap Growth ETF 1.2 56 19 2.8 -10.4
ARKW ARK Next Generation Internet ETF 1.2 87 -12 -0.6 -13.7
FXO First Trust Financials AlphaDEX Fund 1.2 62 13 8.4 -4.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 40 4.2 -8.9
DFEV Dimensional Emerging Markets Value ETF 1.2 43 32 13.2 +0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 51 8.2 -5.0
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 9 12.3 -0.9
EEM iShares MSCI Emerging Markets ETF 1.1 69 6 10.2 -2.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 45 10.3 -2.9
MOO VanEck Agribusiness ETF 1.1 53 22 10.6 -2.6
ICOP iShares Copper and Metals Mining ETF 1.1 47 28 9.1 -4.0
VRAI Virtus Real Asset Income ETF 1.1 55 20 10.7 -2.4
JIG JPMorgan International Growth ETF 1.1 55 20 4.7 -8.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -20 12.7 -0.5
GINN Goldman Sachs Innovate Equity ETF 1.1 52 23 3.7 -9.5
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 31 12.0 -1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.1 30 45 6.8 -6.3
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 5.1 -8.1
BUZZ VanEck Social Sentiment ETF 1.0 75 0 0.0 -13.2
VERS ProShares Metaverse ETF 1.0 58 17 -1.2 -14.3
QTOP iShares Nasdaq Top 30 Stocks ETF 1.0 20 55 4.2 -8.9
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 66 10.4 -2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 9 9.8 -3.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 64 10.1 -3.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 39 7.8 -5.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.0 68 7 2.3 -10.8
STXE Strive Emerging Markets Ex-China ETF 1.0 32 43 7.8 -5.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 17 4.0 -9.2
FXL First Trust Technology AlphaDEX Fund 0.9 61 14 5.5 -7.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -5 14.4 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 60 8.1 -5.1
FEOE First Eagle Overseas Equity ETF 0.9 79 -4 8.3 -4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 39 9.8 -3.4
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -31 12.2 -1.0
XCEM Columbia EM Core ex-China ETF 0.9 16 59 8.1 -5.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 6.8 -6.3
EMM Global X Emerging Markets ex-China ETF 0.9 75 0 6.0 -7.2
SUPL ProShares Supply Chain Logistics ETF 0.9 58 17 11.5 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 40 9.4 -3.8
IXC iShares Global Energy ETF 0.9 44 31 10.5 -2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.9 -4.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 39 4.9 -8.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 37 9.4 -3.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 0 9.9 -3.2
CGGO Capital Group Global Growth Equity ETF 0.8 47 28 4.7 -8.5
TRFM AAM Transformers ETF 0.8 49 26 1.5 -11.7
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 20 8.3 -4.9
FFND Future Fund Active ETF 0.8 100 -25 4.4 -8.8
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 50 10.0 -3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 30 10.8 -2.4
IXG iShares Global Financials ETF 0.8 42 33 6.8 -6.4
GVAL Cambria Global Value ETF 0.8 68 7 11.1 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 55 10.7 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.8 48 27 7.8 -5.3
IBUY Amplify Online Retail ETF 0.7 65 10 1.3 -11.9
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 46 4.8 -8.4
APIE ActivePassive International Equity ETF 0.7 45 30 7.5 -5.6
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 58 13.1 -0.1
QQQ Invesco QQQ Trust Series I 0.7 20 55 4.1 -9.1
QQQM Invesco NASDAQ 100 ETF 0.7 15 60 4.1 -9.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 34 8.8 -4.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.7 49 26 4.2 -8.9
IYF iShares U.S. Financials ETF 0.7 40 35 6.0 -7.2
VWO Vanguard FTSE Emerging Markets ETF 0.7 7 68 10.5 -2.7
LRGF iShares U.S. Equity Factor ETF 0.7 8 67 5.6 -7.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -10 9.9 -3.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 55 2.7 -10.4
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 40 4.8 -8.4
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 45 7.8 -5.3
SCHE Schwab Emerging Markets Equity ETF 0.6 11 64 11.1 -2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 26 15.9 +2.7
FEGE First Eagle Global Equity ETF 0.6 79 -4 7.1 -6.1
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 55 4.1 -9.0
RODE Hartford Multifactor Diversified International ETF 0.6 29 46 12.7 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 30 10.4 -2.7
ABLD Abacus FCF Real Assets Leaders ETF 0.6 69 6 7.1 -6.0
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 57 5.9 -7.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.5 15 60 10.3 -2.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 26 10.4 -2.8
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 0 7.1 -6.1
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 65 4.6 -8.6
CGDG Capital Group Dividend Growers ETF 0.5 47 28 6.2 -6.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 33 6.8 -6.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 50 6.5 -6.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 43 6.8 -6.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 31 11.0 -2.2
WWJD Inspire International ETF 0.5 80 -5 7.3 -5.8
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 60 3.6 -9.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -14 4.8 -8.3
XITK SPDR FactSet Innovative Technology ETF 0.4 45 30 -0.3 -13.5
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 57 4.1 -9.0
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.7 -7.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 16 11.7 -1.5
ILCG iShares Morningstar Growth ETF 0.4 4 71 3.7 -9.4
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 65 5.0 -8.2
XDAT Franklin Exponential Data ETF 0.4 50 25 2.1 -11.1
GLOF iShares Global Equity Factor ETF 0.4 20 55 6.7 -6.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 66 5.0 -8.2
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 60 6.2 -7.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.9 -7.3
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 12.3 -0.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 65 5.3 -7.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 65 5.0 -8.1
JGRO JPMorgan Active Growth ETF 0.4 44 31 3.5 -9.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.8 -9.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 41 7.9 -5.3
OPTZ Optimize Strategy Index ETF 0.3 50 25 5.0 -8.1
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 4.4 -8.7
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.8 -8.3
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.9 -7.3
SHPP Pacer Industrials and Logistics ETF 0.3 60 15 8.5 -4.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 60 6.2 -7.0
AVUS Avantis U.S. Equity ETF 0.3 15 60 5.9 -7.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 67 5.1 -8.1
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 68 8.1 -5.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 8.2 -4.9
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 65 4.4 -8.7
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 4.6 -8.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 57 7.9 -5.3
BOUT Innovator IBD Breakout Opportunities ETF 0.3 81 -6 3.4 -9.8
IGRO iShares International Dividend Growth ETF 0.3 15 60 7.3 -5.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 68 5.1 -8.0
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 10 4.2 -8.9
SETM Sprott Energy Transition Materials ETF 0.3 65 10 3.3 -9.9
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 4.9 -8.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 7.7 -5.4
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 50 5.5 -7.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 5.8 -7.3
FILL iShares MSCI Global Energy Producers ETF 0.2 39 36 12.0 -1.1
ACWI iShares MSCI ACWI ETF 0.2 32 43 5.7 -7.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 5.2 -7.9
VT Vanguard Total World Stock ETF 0.2 6 69 6.0 -7.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 36 11.6 -1.5
RVRB Reverb ETF 0.2 30 45 4.7 -8.5
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 40 1.1 -12.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 25 11.4 -1.8
CLNR IQ Cleaner Transport ETF 0.2 45 30 6.6 -6.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 28 5.9 -7.3
WRND IQ Global Equity R&D Leaders ETF 0.2 18 57 8.4 -4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 45 8.1 -5.0
BLES Inspire Global Hope ETF 0.2 61 14 6.9 -6.3
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.9 -8.2
IGF iShares Global Infrastructure ETF 0.2 41 34 4.8 -8.4
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 5.1 -8.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 5.0 -8.2
PBUS Invesco MSCI USA ETF 0.2 4 71 5.0 -8.2
VOTE TCW Transform 500 ETF 0.2 5 70 4.9 -8.2
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.8 -8.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 58 9.9 -3.3
EXI iShares Global Industrials ETF 0.2 42 33 4.6 -8.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 5.0 -8.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 5.0 -8.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.9 -8.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 9.7 -3.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 5.0 -8.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 36 6.7 -6.5
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 33 4.7 -8.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 6.0 -7.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 71 6.3 -6.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 4.5 -8.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 36 16.2 +3.0
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 4.5 -8.6
VXUS Vanguard Total International Stock ETF 0.2 5 70 8.1 -5.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 6.2 -7.0
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 6.5 -6.6
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.9 -7.3
VSGX Vanguard ESG International Stock ETF 0.2 10 65 8.0 -5.2
IUS Invesco RAFI Strategic US ETF 0.2 19 56 6.8 -6.3
TOK iShares MSCI Kokusai ETF 0.2 26 49 5.2 -8.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 60 4.7 -8.4
VONG Vanguard Russell 1000 Growth ETF 0.1 7 68 4.5 -8.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.8 -7.4
URTH iShares MSCI World ETF 0.1 24 51 5.3 -7.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 13.7 +0.5
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 50 11.8 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 5.3 -7.9
IWF iShares Russell 1000 Growth ETF 0.1 19 56 4.4 -8.8
GVLU Gotham 1000 Value ETF 0.1 50 25 9.2 -4.0
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 7.4 -5.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 7.7 -5.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.8 -7.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 7.0 -6.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 33 9.8 -3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 8.1 -5.1
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 62 3.1 -10.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 33 6.6 -6.6
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 63 8.4 -4.8
STXM Strive Mid-Cap ETF 0.1 18 57 6.5 -6.7
GWX SPDR S&P International Small Cap ETF 0.1 40 35 6.2 -6.9
IWL iShares Russell Top 200 ETF 0.1 15 60 4.7 -8.4
SFYX SoFi Next 500 ETF 0.1 0 75 6.0 -7.1
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 6.7 -6.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 61 5.0 -8.2
VONE Vanguard Russell 1000 ETF 0.1 7 68 5.0 -8.1
IWB iShares Russell 1000 ETF 0.1 15 60 4.9 -8.2
VTHR Vanguard Russell 3000 ETF 0.1 7 68 5.0 -8.2
IWV iShares Russell 3000 ETF 0.1 20 55 4.9 -8.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.5 -7.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 8.8 -4.4
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 5.8 -7.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 6.1 -7.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 7.2 -6.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 5.0 -8.1
VFMF Vanguard U.S. Multifactor ETF 0.1 18 57 8.4 -4.8
FBCG Fidelity Blue Chip Growth ETF 0.1 59 16 2.9 -10.3
SMMD iShares Russell 2500 ETF 0.1 15 60 6.5 -6.7
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 60 8.0 -5.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 7.7 -5.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 67 6.8 -6.3
AVDS Avantis International Small Cap Equity ETF 0.0 30 45 7.6 -5.6
DXIV Dimensional International Vector Equity ETF 0.0 34 41 8.0 -5.1
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 6.9 -6.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 7.0 -6.2
IWR iShares Russell Midcap ETF 0.0 19 56 5.9 -7.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 7.1 -6.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 50 8.1 -5.1
IYW iShares U.S. Technology ETF 0.0 40 35 3.9 -9.3
DFIS Dimensional International Small Cap ETF 0.0 39 36 7.4 -5.7
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 5.5 -7.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 5.9 -7.3
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 7.8 -5.4
DXUV Dimensional US Vector Equity ETF 0.0 28 47 6.4 -6.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 5.5 -7.7
TAX Cambria Tax Aware ETF 0.0 49 26 5.2 -7.9
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.6 -6.6
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 52 3.5 -9.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 7.0 -6.2
STXG Strive 1000 Growth ETF 0.0 18 57 3.9 -9.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.7 -7.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 8.3 -4.9
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 10.6 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.2 -5.9
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.2 -8.0
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 47 9.8 -3.4
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.9 -8.2
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.5 -7.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 6.7 -6.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.4 -5.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 4.5 -8.6
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 65 6.3 -6.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.7 -6.5
EBI Longview Advantage ETF 0.0 35 40 6.8 -6.4
AVDV Avantis International Small Cap Value ETF 0.0 36 39 10.1 -3.1

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 Brazil Active ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 13.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.50
 
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.