Global X Brazil Active ETF
ALTAR
Score™		 10.4% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 10.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 2.7%


  • 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) $10
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) $31,294
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
NU HOLDINGS LTD. CLASS A 13.5 %
ITAU UNIBANCO HLDNG-PREF ADR 11.1 %
PETROLEO BRASILEIRO S.A.-ADR 10.8 %
VALE SA-SP ADR 6.8 %
BANCO BRADESCO-ADR 6.0 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.8 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.6 %
WEG SA 4.1 %
CENTRAIS ELEC BRAS-SP ADR CM 3.9 %
BM&FBOVESPA SA 3.5 %
Total 69.0 %

TOP COUNTRY EXPOSURE
BRAZIL 74.3 %
CAYMAN ISLANDS 13.5 %
CANADA 5.2 %
UNITED STATES 4.4 %
LUXEMBOURG 1.7 %
ARGENTINA 1.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
45.4% 45.4% -- -- 45.8%

Market Correlations
versus... Beta R-squared
S&P500 0.67 31%
MSCI EAFE 0.90 40%
MSCI Emg. Mkts. 0.83 39%

Technical Indicators
Recent close $28.51
30d moving avg. $27.56
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.2%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 349 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™: 10.4%


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 40.5 48 27 10.4 0.0
EWZ iShares MSCI Brazil ETF 32.2 58 17 11.9 +1.4
OTGL OTG Latin America ETF 19.1 269 -194 7.0 -3.4
FLBR Franklin FTSE Brazil ETF 16.4 19 56 13.6 +3.1
FLN First Trust Latin America AlphaDEX Fund 11.0 80 -5 10.1 -0.4
FLLA Franklin FTSE Latin America ETF 9.5 19 56 11.5 +1.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.1 86 -11 0.4 -10.1
EV Mast Global Battery Recycling & Production ETF 6.8 65 10 7.2 -3.3
SLX VanEck Steel ETF 6.8 56 19 11.7 +1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.8 86 -11 11.9 +1.4
EMC Global X Emerging Markets Great Consumer ETF 6.5 75 0 6.9 -3.5
AOTG AOT Growth and Innovation ETF 5.9 75 0 1.5 -9.0
JADE JPMorgan Active Developing Markets Equity ETF 5.3 65 10 6.5 -3.9
FTHF First Trust Emerging Markets Human Flourishing ETF 5.1 75 0 7.4 -3.0
MEM Matthews Emerging Markets Equity Active ETF 5.0 79 -4 6.3 -4.1
NDIV Amplify Natural Resources Dividend Income ETF 4.9 59 16 13.7 +3.2
TIIV AAM Todd International Intrinsic Value ETF 4.4 54 21 9.8 -0.6
BLOK Amplify Transformational Data Sharing ETF 4.1 75 0 0.3 -10.2
LOUP Innovator Deepwater Frontier Tech ETF 4.1 70 5 0.6 -9.8
BPAY BlackRock Future Financial and Technology ETF 4.0 70 5 5.7 -4.7
EMIF iShares Emerging Markets Infrastructure ETF 3.9 60 15 3.2 -7.3
BRF VanEck Brazil Small-Cap ETF 3.8 66 9 11.0 +0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.7 60 15 7.6 -2.9
ICOP iShares Copper and Metals Mining ETF 3.6 47 28 5.6 -4.8
XC WisdomTree Emerging Markets Ex-China Fund 3.6 32 43 5.5 -5.0
CGXU Capital Group International Focus Equity ETF 3.5 54 21 4.7 -5.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 42 8.1 -2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.4 33 42 6.8 -3.6
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.3 65 10 4.2 -6.3
GNR SPDR S&P Global Natural Resources ETF 3.1 40 35 8.9 -1.6
ARKF ARK Fintech Innovation ETF 3.1 75 0 0.1 -10.4
BKF iShares MSCI BIC ETF 3.0 69 6 11.7 +1.2
FRDM Freedom 100 Emerging Markets ETF 2.9 49 26 5.9 -4.5
EWZS iShares MSCI Brazil Small-Cap ETF 2.8 59 16 11.1 +0.7
COPJ Sprott Junior Copper Miners ETF 2.8 75 0 -0.3 -10.8
HAP VanEck Natural Resources ETF 2.8 50 25 7.6 -2.8
FDFF Fidelity Disruptive Finance ETF 2.7 50 25 4.0 -6.5
DINT Davis Select International ETF 2.6 55 20 6.8 -3.7
SPEM SPDR Portfolio Emerging Markets ETF 2.6 7 68 9.2 -1.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 -5 10.1 -0.3
SDIV Global X Superdividend ETF 2.5 58 17 15.4 +4.9
SMOG VanEck Low Carbon Energy ETF 2.5 61 14 1.5 -9.0
GDX VanEck Gold Miners ETF 2.4 51 24 2.4 -8.0
SIL Global X Silver Miners ETF 2.4 65 10 1.3 -9.1
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 59 7.1 -3.3
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.3 45 30 1.5 -9.0
BITQ Bitwise Crypto Industry Innovators ETF 2.2 85 -10 -1.9 -12.4
COPA Themes Copper Miners ETF 2.2 35 40 3.5 -7.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 45 7.5 -2.9
AVES Avantis Emerging Markets Value ETF 2.2 36 39 9.4 -1.0
ABLD Abacus FCF Real Assets Leaders ETF 2.1 69 6 6.2 -4.3
AVEM Avantis Emerging Markets Equity ETF 2.1 33 42 7.2 -3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 7.0 -3.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.0 53 22 6.1 -4.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 15 9.6 -0.8
ICLN iShares Global Clean Energy ETF 2.0 41 34 2.9 -7.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.9 39 36 1.3 -9.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 50 5.8 -4.6
MXI iShares Global Materials ETF 1.8 41 34 6.1 -4.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 7 5.8 -4.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 60 6.3 -4.2
IGE iShares North American Natural Resources ETF 1.7 41 34 6.4 -4.1
FXO First Trust Financials AlphaDEX Fund 1.7 62 13 7.3 -3.1
FMET Fidelity Metaverse ETF 1.7 39 36 4.3 -6.2
TMAT Main Thematic Innovation ETF 1.6 164 -89 -1.5 -12.0
GPT Intelligent Alpha Atlas ETF 1.6 69 6 4.9 -5.5
COPX Global X Copper Miners ETF 1.6 65 10 4.1 -6.3
CGV Conductor Global Equity Value ETF 1.6 130 -55 6.9 -3.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.6 75 0 8.3 -2.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.6 67 8 13.3 +2.8
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 46 4.2 -6.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 39 6.6 -3.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 43 5.3 -5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.5 15 60 6.5 -3.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.5 24 51 6.3 -4.1
APIE ActivePassive International Equity ETF 1.5 45 30 6.4 -4.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.4 30 45 8.0 -2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 1.4 33 42 6.9 -3.5
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 17 5.1 -5.4
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 31 10.2 -0.2
EEM iShares MSCI Emerging Markets ETF 1.4 69 6 8.0 -2.4
WRND IQ Global Equity R&D Leaders ETF 1.3 18 57 6.6 -3.8
TTAI FCF International Quality ETF 1.3 59 16 6.5 -4.0
FXL First Trust Technology AlphaDEX Fund 1.3 61 14 4.8 -5.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 17 3.9 -6.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 4.4 -6.0
DFEV Dimensional Emerging Markets Value ETF 1.3 43 32 10.4 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 9 7.6 -2.8
XCEM Columbia EM Core ex-China ETF 1.2 16 59 6.5 -3.9
ESGE iShares ESG Aware MSCI EM ETF 1.2 25 50 8.4 -2.0
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 40 7.4 -3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 34 7.1 -3.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 7.9 -2.5
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 66 8.5 -2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 39 7.9 -2.5
STXE Strive Emerging Markets Ex-China ETF 1.2 32 43 6.2 -4.3
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 10.3 -0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 13.5 +3.0
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 50 9.4 -1.1
VRAI Virtus Real Asset Income ETF 1.1 55 20 9.5 -0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 37 7.5 -3.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.0 20 55 2.6 -7.9
WWJD Inspire International ETF 1.0 80 -5 6.4 -4.1
IXG iShares Global Financials ETF 1.0 42 33 5.9 -4.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 55 22,159.8 +22,149.4
LDEM iShares ESG MSCI EM Leaders ETF 1.0 17 58 11.2 +0.8
TRFM AAM Transformers ETF 1.0 49 26 1.0 -9.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -20 10.2 -0.2
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.4 -6.0
PNQI Invesco NASDAQ Internet ETF 1.0 60 15 3.1 -7.4
BUYZ Franklin Disruptive Commerce ETF 1.0 50 25 2.0 -8.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.0 8 67 3.7 -6.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 0 2.4 -8.1
GVIP Goldman Sachs Hedge Industry VIP ETF 1.0 45 30 2.6 -7.8
ISHP First Trust Nasdaq Retail ETF 1.0 60 15 5.0 -5.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.0 60 15 8.6 -1.8
NULG Nuveen ESG Large-Cap Growth ETF 1.0 26 49 2.7 -7.7
ONLN ProShares Online Retail ETF 1.0 58 17 1.9 -8.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 3.6 -6.8
CGGO Capital Group Global Growth Equity ETF 1.0 47 28 3.8 -6.7
OSEA Harbor International Compounders ETF 1.0 55 20 4.3 -6.1
CGIE Capital Group International Equity ETF 1.0 54 21 4.2 -6.2
FFOG Franklin Focused Growth ETF 1.0 61 14 1.9 -8.5
PCGG Polen Capital Global Growth ETF 1.0 85 -10 3.4 -7.0
ARKW ARK Next Generation Internet ETF 1.0 87 -12 0.6 -9.8
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 27 1.9 -8.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 17 4.0 -6.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.0 60 15 4.4 -6.0
ARGT Global X MSCI Argentina ETF 1.0 59 16 3.1 -7.4
EBIZ Global X E-Commerce ETF 1.0 50 25 3.3 -7.2
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.0 25 50 3.2 -7.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 55 4.2 -6.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.0 40 35 3.1 -7.3
TMFG Motley Fool Global Opportunities ETF 1.0 85 -10 3.6 -6.9
CLOD Themes Cloud Computing ETF 1.0 35 40 3.0 -7.5
MVPA Miller Value Partners Appreciation ETF 1.0 60 15 7.8 -2.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.0 49 26 3.5 -7.0
TOGA Tremblant Global ETF 1.0 69 6 1.3 -9.2
USRD Themes US R&D Champions ETF 1.0 29 46 4.0 -6.4
LGCF Themes US Cash Flow Champions ETF 1.0 30 45 7.3 -3.1
BCOR Grayscale Bitcoin Adopters ETF 1.0 59 16 2.0 -8.4
LOGO Alpha Brands Consumption Leaders ETF 1.0 69 6 2.5 -7.9
CDIG City Different Investments Global Equity ETF 1.0 75 0 0.4 -10.0
ITOL Tema International Durable Quality ETF 1.0 60 15 4.7 -5.7
VCR Vanguard Consumer Discretionary ETF 1.0 9 66 3.9 -6.5
VERS ProShares Metaverse ETF 1.0 58 17 0.1 -10.4
MID American Century Mid Cap Growth Impact ETF 1.0 45 30 2.9 -7.6
FEOE First Eagle Overseas Equity ETF 0.9 79 -4 5.9 -4.6
AADR AdvisorShares Dorsey Wright ADR ETF 0.9 110 -35 3.9 -6.6
FFND Future Fund Active ETF 0.9 100 -25 3.1 -7.3
BINV Brandes International ETF 0.9 70 5 8.1 -2.3
FITE State Street SPDR S&P Kensho Future Security ETF 0.9 45 30 1.2 -9.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.9 45 30 1.3 -9.1
JETS U.S. Global Jets ETF 0.9 60 15 2.1 -8.3
FFOX FundX Future Fund Opportunities ETF 0.9 100 -25 2.7 -7.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 25 9.1 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.0 -2.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 14.3 +3.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 50 10.6 +0.2
IYF iShares U.S. Financials ETF 0.9 40 35 5.4 -5.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 5.2 -5.2
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 20 6.6 -3.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.8 30 45 5.7 -4.7
VWO Vanguard FTSE Emerging Markets ETF 0.8 7 68 9.0 -1.4
SCHE Schwab Emerging Markets Equity ETF 0.8 11 64 9.4 -1.0
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 45 6.4 -4.0
IXC iShares Global Energy ETF 0.8 44 31 9.1 -1.4
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 9 10.6 +0.1
JIG JPMorgan International Growth ETF 0.8 55 20 4.0 -6.5
YNOT Horizon Digital Frontier ETF 0.8 75 0 2.5 -8.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 30 8.4 -2.0
HAPI Harbor Human Capital Factor US Large Cap ETF 0.8 36 39 4.3 -6.2
GINN Goldman Sachs Innovate Equity ETF 0.7 52 23 3.2 -7.3
NULC Nuveen ESG Large-Cap ETF 0.7 21 54 4.4 -6.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 60 8.4 -2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 31 9.4 -1.1
GVAL Cambria Global Value ETF 0.7 68 7 9.2 -1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 27 6.0 -4.5
GGRW Gabelli Growth Innovators ETF 0.7 90 -15 1.8 -8.6
FFTY Innovator IBD 50 ETF 0.7 80 -5 -1.8 -12.2
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 3.4 -7.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 12 11.9 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 26 8.2 -2.2
IBUY Amplify Online Retail ETF 0.6 65 10 1.3 -9.1
FEGE First Eagle Global Equity ETF 0.6 79 -4 5.5 -4.9
RGEF Rockefeller Global Equity ETF 0.6 55 20 3.9 -6.5
QQQ Invesco QQQ Trust Series I 0.6 20 55 3.4 -7.1
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 3.4 -7.0
VIDI Vident International Equity Strategy ETF 0.6 61 14 9.2 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 16 7.5 -3.0
BLES Inspire Global Hope ETF 0.5 61 14 6.0 -4.4
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 47 3.3 -7.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 57 5.0 -5.4
EMM Global X Emerging Markets ex-China ETF 0.5 75 0 5.6 -4.8
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 55 4.6 -5.9
FPXI First Trust International Equity Opportunities ETF 0.5 70 5 3.5 -6.9
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 57 2.9 -7.5
CGDG Capital Group Dividend Growers ETF 0.5 47 28 5.4 -5.1
SUSA iShares MSCI USA ESG Select ETF 0.4 25 50 3.9 -6.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.4 -4.0
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -20 -0.5 -10.9
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 4.0 -6.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 50 5.9 -4.6
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.0 -5.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -5 12.5 +2.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 0 4.9 -5.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 6.4 -4.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -14 4.2 -6.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 6.5 -4.0
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.7 -3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.6 -3.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 4.9 -5.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 1.1 -9.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 37 3.9 -6.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 7.3 -3.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 40 11.7 +1.2
GLOF iShares Global Equity Factor ETF 0.4 20 55 5.9 -4.5
SETM Sprott Energy Transition Materials ETF 0.4 65 10 1.3 -9.1
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.2 -6.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 6.8 -3.6
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 8.2 -2.3
IGRO iShares International Dividend Growth ETF 0.3 15 60 6.2 -4.2
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 4.1 -6.3
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 60 5.0 -5.4
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.0 -5.5
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.1 -6.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 4.2 -6.3
ECON Columbia Emerging Markets Consumer ETF 0.3 49 26 9.9 -0.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 3.6 -6.8
ACWI iShares MSCI ACWI ETF 0.3 32 43 4.7 -5.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 63 4.3 -6.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.1 -7.4
OPTZ Optimize Strategy Index ETF 0.3 50 25 4.2 -6.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 67 4.3 -6.1
LRGF iShares U.S. Equity Factor ETF 0.3 8 67 4.8 -5.7
AVUS Avantis U.S. Equity ETF 0.3 15 60 5.0 -5.5
VT Vanguard Total World Stock ETF 0.3 6 69 5.1 -5.4
AVUQ Avantis U.S. Quality ETF 0.3 15 60 3.5 -6.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.5 -6.0
JGRO JPMorgan Active Growth ETF 0.2 44 31 2.9 -7.6
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.2 -6.3
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.3 -7.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.5 -5.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.8 -5.7
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 3.7 -6.8
VXUS Vanguard Total International Stock ETF 0.2 5 70 6.8 -3.7
ILCG iShares Morningstar Growth ETF 0.2 4 71 3.0 -7.4
IGF iShares Global Infrastructure ETF 0.2 41 34 4.5 -6.0
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.5 -6.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.7 -6.8
RVRB Reverb ETF 0.2 30 45 4.0 -6.5
EXI iShares Global Industrials ETF 0.2 42 33 3.7 -6.8
GEW Cambria Global EW ETF 0.2 29 46 5.3 -5.1
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 3.5 -7.0
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.6 -3.8
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.5 -5.0
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.9 -4.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 8.6 -1.9
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 50 4.5 -5.9
GVLU Gotham 1000 Value ETF 0.2 50 25 8.2 -2.3
IWF iShares Russell 1000 Growth ETF 0.2 19 56 3.2 -7.2
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 63 6.9 -3.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 3.5 -7.0
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.5 -4.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 46 6.8 -3.6
VFVA Vanguard U.S. Value Factor ETF 0.2 13 62 9.4 -1.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.5 -4.9
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.4 -6.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 4.2 -6.3
PBUS Invesco MSCI USA ETF 0.2 4 71 4.2 -6.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 5.3 -5.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 4.3 -6.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 4.3 -6.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.2 -6.3
VOTE TCW Transform 500 ETF 0.2 5 70 4.2 -6.2
GXLC Global X U.S. 500 ETF 0.2 2 73 4.2 -6.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 28 3.0 -7.5
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.2 15 60 5.0 -5.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.2 -6.2
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 6.0 -4.4
IUS Invesco RAFI Strategic US ETF 0.1 19 56 6.0 -4.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 2.7 -7.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 5.1 -5.4
STXK Strive Small-Cap ETF 0.1 18 57 5.3 -5.2
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 33 4.0 -6.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 7.1 -3.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 33 8.6 -1.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.3 -4.1
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.3 -6.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.5 -5.9
ILCV iShares Morningstar Value ETF 0.1 4 71 5.6 -4.9
URTH iShares MSCI World ETF 0.1 24 51 4.4 -6.1
IWL iShares Russell Top 200 ETF 0.1 15 60 3.9 -6.6
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 0 7.8 -2.7
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.7 -2.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.7 -5.7
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 6.6 -3.8
DAK Dakota Active Equity ETF 0.1 43 32 3.7 -6.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 6.8 -3.6
JHSC John Hancock Multifactor Small Cap ETF 0.1 42 33 5.8 -4.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 33 5.5 -4.9
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 5.8 -4.7
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.3 -6.2
IWB iShares Russell 1000 ETF 0.1 15 60 4.2 -6.3
IWV iShares Russell 3000 ETF 0.1 20 55 4.1 -6.4
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.2 -6.3
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 5.9 -4.5
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.1 -5.3
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.2 -4.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 50 6.7 -3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.5 -4.0
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.6 -3.8
SFYX SoFi Next 500 ETF 0.1 0 75 5.0 -5.5
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.3 -4.1
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 5.0 -5.5
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 5.8 -4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.3 -5.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 17 8.5 -1.9
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -15 3.1 -7.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 6.1 -4.3
FBCG Fidelity Blue Chip Growth ETF 0.0 59 16 2.2 -8.2
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 14 4.0 -6.5
SMMD iShares Russell 2500 ETF 0.0 15 60 5.8 -4.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 61 4.2 -6.2
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 6.2 -4.2
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.2 -5.2
IWR iShares Russell Midcap ETF 0.0 19 56 5.4 -5.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 6.8 -3.7
IYW iShares U.S. Technology ETF 0.0 40 35 3.1 -7.3
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.5 -2.9
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.0 -4.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.0 -4.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 5.7 -4.7
IWD iShares Russell 1000 Value ETF 0.0 19 56 5.6 -4.9
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 52 2.6 -7.9
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 5.7 -4.7
STXG Strive 1000 Growth ETF 0.0 18 57 3.2 -7.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.3 -6.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 9.2 -1.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 6.3 -4.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 5.9 -4.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 47 8.8 -1.7
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.1 -6.3
STXV Strive 1000 Value ETF 0.0 18 57 7.1 -3.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 6.1 -4.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.7 -5.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.9 -6.6
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 50 4.6 -5.9
EBI Longview Advantage ETF 0.0 35 40 5.8 -4.7

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:

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 16.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.54
 
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.