Global X Brazil Active ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 9.7x P/Sales
ratio		 1.2x
P/BV
ratio		 1.5x Div.
yield		 3.0%


  • 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) $3
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 27
Wgt avg mkt cap (mns) $30,398
Large cap (>$10bn) 62.5%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 9.4%
Developed mkts 14.6%
Emerging mkts 85.4%

TOP TEN HOLDINGS
PETROLEO BRASILEIRO S.A.-ADR 10.4 %
NU HOLDINGS LTD. CLASS A 9.6 %
ITAU UNIBANCO HLDNG-PREF ADR 8.6 %
VALE SA-SP ADR 6.9 %
WEG SA 5.5 %
BANCO BRADESCO-ADR 5.0 %
HRT PARTICIPACOES EM PETROLE 4.6 %
LOCALIZA RENT A CAR 4.2 %
RAIA DROGASIL SA 3.9 %
BANCO BTG PACTUAL SA UNITS CONS OF 3.7 %
Total 62.2 %

TOP COUNTRY EXPOSURE
BRAZIL 84.0 %
CAYMAN ISLANDS 9.6 %
URUGUAY 2.1 %
CANADA 2.1 %
ARGENTINA 1.2 %






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.
-18.3% -2.3% -- -- -4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.90 37%
MSCI EAFE 1.03 63%
MSCI Emg. Mkts. 1.07 48%

Technical Indicators
Recent close $23.01
30d moving avg. $24.33
Annualized volatility 19.6%
Short interest (ETF) 1.3%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $2,137

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 327 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™: 10.1%


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 45.9 48 27 10.4 +0.3
EWZ iShares MSCI Brazil ETF 31.9 58 17 10.4 +0.2
FLBR Franklin FTSE Brazil ETF 18.1 19 56 13.2 +3.1
FBZ First Trust Brazil AlphaDEX Fund 13.9 80 -5 13.3 +3.2
FLN First Trust Latin America AlphaDEX Fund 12.9 80 -5 8.4 -1.7
FLLA Franklin FTSE Latin America ETF 12.0 19 56 13.2 +3.0
IPO Renaissance IPO ETF 9.6 60 15 -4.3 -14.5
EMM Global X Emerging Markets ex-China ETF 8.5 75 0 4.2 -5.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 8.4 86 -11 1.2 -8.9
FTHF First Trust Emerging Markets Human Flourishing ETF 7.1 75 0 8.9 -1.2
BRF VanEck Brazil Small-Cap ETF 7.1 66 9 9.7 -0.4
SLX VanEck Steel ETF 6.9 56 19 21.4 +11.3
EMC Global X Emerging Markets Great Consumer ETF 6.8 75 0 4.5 -5.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.6 86 -11 1.6 -8.5
AOTG AOT Growth and Innovation ETF 6.2 75 0 3.1 -7.0
LOUP Innovator Deepwater Frontier Tech ETF 6.0 70 5 1.3 -8.8
EV Mast Global Battery Recycling & Production ETF 5.7 65 10 12.2 +2.1
EWZS iShares MSCI Brazil Small-Cap ETF 5.2 59 16 10.9 +0.7
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 16 8.5 -1.6
EMFQ Amplify Emerging Markets FinTech ETF 5.0 69 6 5.3 -4.9
CGXU Capital Group International Focus Equity ETF 4.9 54 21 4.9 -5.3
EMIF iShares Emerging Markets Infrastructure ETF 4.9 60 15 8.5 -1.6
BPAY BlackRock Future Financial and Technology ETF 4.6 70 5 8.2 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.2 70 5 9.2 -0.9
BFIIX Baron FinTech 4.2 75 0 3.4 -6.7
FPXI First Trust International Equity Opportunities ETF 4.2 70 5 4.9 -5.2
BLOK Amplify Transformational Data Sharing ETF 3.9 75 0 0.0 -10.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.7 60 15 9.8 -0.3
MEM Matthews Emerging Markets Equity Active ETF 3.7 79 -4 5.4 -4.7
GNR SPDR S&P Global Natural Resources ETF 3.6 40 35 9.7 -0.4
ARGT Global X MSCI Argentina ETF 3.3 59 16 5.4 -4.7
EDIV SPDR S&P Emerging Markets Dividend ETF 3.2 49 26 12.0 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.0 30 45 8.1 -2.0
SPEM SPDR Portfolio Emerging Markets ETF 3.0 7 68 7.3 -2.8
BKF iShares MSCI BIC ETF 3.0 69 6 6.9 -3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.0 33 42 8.2 -1.9
LIVR Intelligent Livermore ETF 2.9 69 6 6.0 -4.1
ARKF ARK Fintech Innovation ETF 2.9 75 0 -0.4 -10.5
XC WisdomTree Emerging Markets Ex-China Fund 2.8 32 43 6.0 -4.2
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 2.7 69 6 8.1 -2.0
BITQ Bitwise Crypto Industry Innovators ETF 2.7 85 -10 -1.9 -12.0
ICLN iShares Global Clean Energy ETF 2.6 41 34 6.0 -4.1
PWB Invesco Large Cap Growth ETF 2.5 56 19 3.2 -6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.5 32 43 6.2 -3.9
SMOG VanEck Low Carbon Energy ETF 2.5 61 14 2.4 -7.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.4 75 0 8.2 -1.9
TIME Clockwise Core Equity & Innovation ETF 2.4 95 -20 2.3 -7.9
EQLT iShares MSCI Emerging Markets Quality Factor ETF 2.3 35 40 7.4 -2.7
AVES Avantis Emerging Markets Value ETF 2.2 36 39 11.6 +1.5
CNRG SPDR S&P Kensho Clean Power ETF 2.2 45 30 2.8 -7.3
EMXC iShares MSCI Emerging Markets ex China ETF 2.2 25 50 6.7 -3.4
FRDM Freedom 100 Emerging Markets ETF 2.2 49 26 7.3 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.1 29 46 8.7 -1.4
AVEM Avantis Emerging Markets Equity ETF 2.1 33 42 8.9 -1.3
EATZ AdvisorShares Restaurant ETF 2.1 101 -26 3.2 -6.9
VRAI Virtus Real Asset Income ETF 2.1 55 20 8.0 -2.2
COPJ Sprott Junior Copper Miners ETF 2.1 75 0 17.2 +7.1
COPA Themes Copper Miners ETF 2.1 35 40 7.3 -2.8
HAP VanEck Natural Resources ETF 2.0 50 25 10.0 -0.2
ARKW ARK Next Generation Internet ETF 1.9 87 -12 -0.7 -10.8
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 20 8.0 -2.2
EEMO Invesco S&P Emerging Markets Momentum ETF 1.9 29 46 5.5 -4.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.9 49 26 10.4 +0.3
FDFF Fidelity Disruptive Finance ETF 1.9 50 25 4.1 -6.0
COPX Global X Copper Miners ETF 1.9 65 10 8.2 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.9 45 30 12.3 +2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 60 6.3 -3.8
JOET Virtus Terranova US Quality Momentum ETF 1.8 29 46 4.7 -5.4
INNO Harbor Disruptive Innovation ETF 1.8 75 0 1.6 -8.5
GDVD R3 Global Dividend Growth ETF 1.8 88 -13 5.5 -4.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 8 15.0 +4.9
ECON Columbia Emerging Markets Consumer ETF 1.8 49 26 7.3 -2.8
ION ProShares S&P Global Core Battery Metals ETF 1.8 58 17 15.5 +5.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -20 10.5 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 1.7 75 0 7.6 -2.6
BINV Brandes International ETF 1.7 70 5 8.5 -1.6
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.7 49 26 16.1 +6.0
BIGFX Baron International Growth Retail 1.7 75 0 3.1 -7.0
STXE Strive Emerging Markets Ex-China ETF 1.7 32 43 7.0 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 -5 13.0 +2.9
SFYF SoFi Social 50 ETF 1.7 29 46 -2.2 -12.3
EEM iShares MSCI Emerging Markets ETF 1.6 69 6 6.9 -3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.6 24 51 9.2 -0.9
XCEM Columbia EM Core ex-China ETF 1.6 16 59 7.7 -2.4
MXI iShares Global Materials ETF 1.5 41 34 7.0 -3.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 39 6.5 -3.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -15 6.1 -4.0
IWP iShares Russell Mid-Cap Growth ETF 1.5 23 52 3.1 -7.0
RAYD Rayliant Quantitative Developed Market Equity ETF 1.4 80 -5 3.8 -6.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 60 10.2 +0.1
CGV Conductor Global Equity Value ETF 1.4 130 -55 10.9 +0.8
JSTC Adasina Social Justice All Cap Global ETF 1.4 89 -14 4.9 -5.2
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 59 6.8 -3.3
MOO VanEck Agribusiness ETF 1.4 53 22 9.7 -0.4
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 66 7.5 -2.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 45 7.3 -2.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 17 4.6 -5.5
JIG JPMorgan International Growth ETF 1.3 55 20 4.6 -5.5
SUPL ProShares Supply Chain Logistics ETF 1.3 58 17 14.2 +4.1
BNE Blue Horizon BNE ETF 1.3 87 -12 4.6 -5.5
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 58 7.6 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 1.3 11 64 8.4 -1.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.3 36 39 7.8 -2.3
AADR AdvisorShares Dorsey Wright ADR ETF 1.2 110 -35 5.6 -4.6
BTEK Future Tech ETF 1.2 88 -13 2.3 -7.9
BUYZ Franklin Disruptive Commerce ETF 1.2 50 25 1.8 -8.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.2 8 67 4.5 -5.6
GBUY Goldman Sachs Future Consumer Equity ETF 1.2 75 0 3.3 -6.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 0 2.9 -7.3
GVIP Goldman Sachs Hedge Industry VIP ETF 1.2 45 30 4.8 -5.4
ISHP First Trust Nasdaq Retail ETF 1.2 60 15 2.9 -7.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.2 60 15 0.5 -9.7
NULC Nuveen ESG Large-Cap ETF 1.2 21 54 5.3 -4.8
NULG Nuveen ESG Large-Cap Growth ETF 1.2 26 49 4.1 -6.0
ONLN ProShares Online Retail ETF 1.2 58 17 3.3 -6.8
BFTHX Baron Fifth Avenue Growth Retail 1.2 75 0 1.7 -8.5
BGAIX Baron Global Advantage 1.2 75 0 0.6 -9.5
CGIE Capital Group International Equity ETF 1.2 54 21 4.9 -5.2
FFOG Franklin Focused Growth ETF FOCUSED GROWTH ETF 1.2 61 14 2.8 -7.3
OGIG ALPS O'Shares Global Internet Giants ETF 1.2 48 27 1.9 -8.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.2 60 15 4.6 -5.5
EBIZ Global X E-Commerce ETF 1.2 50 25 2.1 -8.1
PNQI Invesco NASDAQ Internet ETF 1.2 60 15 2.3 -7.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.2 20 55 5.2 -4.9
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.2 40 35 3.8 -6.3
XNTK SPDR NYSE Technology ETF 1.2 35 40 4.2 -6.0
TMFG Motley Fool Global Opportunities ETF 1.2 85 -10 3.2 -6.9
CLOD Themes Cloud Computing ETF 1.2 35 40 2.6 -7.5
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.2 49 26 5.0 -5.1
TOGA Tremblant Global ETF 1.2 69 6 1.9 -8.3
USRD Themes US R&D Champions ETF 1.2 29 46 7.0 -3.2
VCR Vanguard Consumer Discretionary ETF 1.2 10 65 4.4 -5.8
HAIL SPDR S&P Kensho Smart Mobility ETF 1.2 45 30 -3.0 -13.1
ICOP iShares Copper and Metals Mining ETF 1.2 47 28 10.1 -0.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 0 3.4 -6.8
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 26 12.2 +2.1
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -6 3.6 -6.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 40 7.3 -2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 36 12.5 +2.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.1 68 7 2.1 -8.0
MINV Matthews Asia Innovators Active ETF 1.1 79 -4 3.0 -7.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.1 18 57 6.8 -3.3
GINN Goldman Sachs Innovate Equity ETF 1.1 52 23 2.8 -7.4
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 50 8.5 -1.6
VWO Vanguard FTSE Emerging Markets ETF 1.1 8 67 6.9 -3.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 40 4.6 -5.6
WWJD Inspire International ETF 1.0 80 -5 7.3 -2.8
SCHE Schwab Emerging Markets Equity ETF 1.0 11 64 7.1 -3.0
IXG iShares Global Financials ETF 1.0 42 33 6.2 -3.9
DFEV Dimensional Emerging Markets Value ETF 1.0 43 32 11.1 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 26 8.2 -2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 9 10.0 -0.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 60 7.2 -2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.0 32 43 6.9 -3.3
IXC iShares Global Energy ETF 1.0 44 31 8.7 -1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 31 10.6 +0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 34 7.4 -2.7
FXO First Trust Financials AlphaDEX Fund 0.9 62 13 7.4 -2.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.9 63 12 18.9 +8.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 37 7.8 -2.3
GVAL Cambria Global Value ETF 0.9 68 7 13.1 +3.0
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 0 5.0 -5.1
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -31 9.8 -0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 17 5.0 -5.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.9 20 55 1.0 -9.1
ESGE iShares ESG Aware MSCI EM ETF 0.9 25 50 7.1 -3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -13 7.4 -2.7
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 40 6.3 -3.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 34 5.0 -5.1
APIE ActivePassive International Equity ETF 0.8 45 30 8.1 -2.0
TTAI FCF International Quality ETF 0.8 59 16 5.6 -4.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 30 11.0 +0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 16 11.3 +1.2
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 45 6.9 -3.2
IYF iShares U.S. Financials ETF 0.8 40 35 5.4 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 31 15.8 +5.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 55 6.8 -3.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 39 4.6 -5.6
IBUY Amplify Online Retail ETF 0.7 65 10 1.4 -8.8
LRGF iShares U.S. Equity Factor ETF 0.7 8 67 5.6 -4.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.7 35 40 12.4 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 25 13.0 +2.9
CGGO Capital Group Global Growth Equity ETF 0.6 47 28 4.6 -5.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.6 48 27 8.8 -1.4
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 60 7.1 -3.0
QQQ Invesco QQQ Trust Series I 0.6 20 55 4.5 -5.6
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 4.6 -5.5
CGDG Capital Group Dividend Growers ETF 0.6 47 28 6.6 -3.5
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 55 4.7 -5.4
BLES Inspire Global Hope ETF 0.5 61 14 6.4 -3.7
GINX SGI Enhanced Global Income ETF 0.5 98 -23 5.6 -4.5
SHPP Pacer Industrials and Logistics ETF 0.5 60 15 9.9 -0.3
TRFM AAM Transformers ETF 0.5 49 26 2.0 -8.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 41 7.0 -3.2
FFTY Innovator IBD 50 ETF 0.5 80 -5 -0.6 -10.7
GLOF iShares Global Equity Factor ETF 0.5 20 55 7.0 -3.1
JGRO JPMorgan Active Growth ETF 0.5 44 31 3.5 -6.7
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 10 4.7 -5.4
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 10 4.6 -5.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 67 7.3 -2.9
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.4 18 57 5.6 -4.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 7.0 -3.1
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 7.2 -2.9
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 5.0 -5.1
IGRO iShares International Dividend Growth ETF 0.4 15 60 7.5 -2.6
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 50 12.3 +2.2
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 60 6.1 -4.1
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 50 5.4 -4.8
IWR iShares Russell Midcap ETF 0.4 19 56 5.4 -4.7
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 7.4 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.4 -4.8
ILCG iShares Morningstar Growth ETF 0.4 4 71 3.9 -6.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 40 5.1 -5.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 63 4.5 -5.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 0 4.3 -5.9
MVPS Amplify Thematic All-Stars ETF 0.3 49 26 2.7 -7.5
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 5.1 -5.0
VSGX Vanguard ESG International Stock ETF 0.3 12 63 6.8 -3.4
AVUS Avantis U.S. Equity ETF 0.3 15 60 5.6 -4.5
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 4.5 -5.7
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.4 -4.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.9 -5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.8 -6.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 5.1 -5.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 26 5.0 -5.2
VYMI Vanguard International High Dividend Yield ETF 0.3 22 53 9.8 -0.3
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.8 -5.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 28 5.5 -4.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 36 4.1 -6.1
EXI iShares Global Industrials ETF 0.3 42 33 4.5 -5.6
BUZZ VanEck Social Sentiment ETF 0.3 75 0 0.3 -9.9
VXUS Vanguard Total International Stock ETF 0.3 7 68 7.2 -2.9
ACWI iShares MSCI ACWI ETF 0.3 32 43 5.3 -4.8
CLNR IQ Cleaner Transport ETF 0.3 45 30 6.8 -3.3
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 65 5.3 -4.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 7.4 -2.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 1.9 -8.2
VT Vanguard Total World Stock ETF 0.3 7 68 5.5 -4.6
OPTZ Optimize Strategy Index ETF 0.3 50 25 2.9 -7.2
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 4.4 -5.7
KXI iShares Global Consumer Staples ETF 0.3 41 34 5.7 -4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 45 8.0 -2.2
RVRB Reverb ETF 0.2 30 45 4.7 -5.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 50 6.6 -3.5
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 5.0 -5.2
FILL iShares MSCI Global Energy Producers ETF 0.2 39 36 9.6 -0.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 4.5 -5.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 5.0 -5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.8 -5.3
SETM Sprott Energy Transition Materials ETF 0.2 65 10 6.0 -4.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 5.2 -5.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 4.5 -5.6
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 62 2.1 -8.0
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 20 4.7 -5.4
WRND IQ Global Equity R&D Leaders ETF 0.2 18 57 7.5 -2.6
IGF iShares Global Infrastructure ETF 0.2 41 34 4.3 -5.8
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.3 -5.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 10.2 +0.1
SUSA iShares MSCI USA ESG Select ETF 0.2 25 50 5.0 -5.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 4.9 -5.2
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 60 5.6 -4.5
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 5.0 -5.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 5 7.7 -2.4
DEW WisdomTree Global High Dividend Fund 0.2 58 17 8.5 -1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 5.0 -5.1
VOTE TCW Transform 500 ETF 0.2 5 70 4.9 -5.2
PBUS Invesco MSCI USA ETF 0.2 4 71 5.0 -5.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 60 4.7 -5.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 5.0 -5.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.9 -5.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 7.7 -2.5
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.6 -4.6
IWF iShares Russell 1000 Growth ETF 0.2 19 56 4.5 -5.7
VONG Vanguard Russell 1000 Growth ETF 0.2 8 67 4.6 -5.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.9 -5.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.7 -4.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 12.8 +2.7
FMIL Fidelity New Millennium ETF 0.1 59 16 4.8 -5.4
TOK iShares MSCI Kokusai ETF 0.1 26 49 5.0 -5.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 33 8.1 -2.1
IUS Invesco RAFI Strategic US ETF 0.1 19 56 6.8 -3.3
URTH iShares MSCI World ETF 0.1 24 51 5.2 -4.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 5.2 -4.9
FFLC Fidelity Fundamental Large Cap Core ETF 0.1 38 37 4.8 -5.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 36 11.0 +0.9
GWX SPDR S&P International Small Cap ETF 0.1 40 35 6.5 -3.7
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 60 6.4 -3.7
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 57 4.6 -5.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.2 -4.9
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.1 -4.0
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 7.4 -2.7
RODE Hartford Multifactor Diversified International ETF 0.1 29 46 11.8 +1.7
IWB iShares Russell 1000 ETF 0.1 15 60 4.8 -5.3
VONE Vanguard Russell 1000 ETF 0.1 8 67 4.9 -5.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 4.6 -5.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 50 6.0 -4.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.1 -5.0
IWV iShares Russell 3000 ETF 0.1 20 55 4.7 -5.5
VTHR Vanguard Russell 3000 ETF 0.1 10 65 4.7 -5.4
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.9 -3.2
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.7 -4.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 4.8 -5.3
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 18.6 +8.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 4.8 -5.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 33 4.5 -5.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 8.2 -2.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.3 -3.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.8 -3.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 63 8.3 -1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.7 -3.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 61 5.0 -5.1
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.0 85 -10 -0.3 -10.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 7.0 -3.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.0 12 63 7.2 -3.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 7.2 -2.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 51 6.5 -3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.4 -2.7
HDUS Hartford Disciplined US Equity ETF 0.0 19 56 5.9 -4.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 7.7 -2.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.8 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 5.9 -4.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.9 -3.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 4.7 -5.4
AVDV Avantis International Small Cap Value ETF 0.0 36 39 8.1 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.1 -3.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 7.3 -2.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 6.8 -3.4

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.1 %
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.