Global X Brazil Active ETF
ALTAR
Score™		 13.2% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 8.3x P/Sales
ratio		 1.0x
P/BV
ratio		 1.2x Div.
yield		 3.3%


  • 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 13.3 %
ITAU UNIBANCO HLDNG-PREF ADR 11.3 %
NU HOLDINGS LTD. CLASS A 10.7 %
VALE SA-SP ADR 6.0 %
BANCO BRADESCO-ADR 5.2 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.9 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.8 %
WEG SA 4.6 %
CENTRAIS ELEC BRAS-SP ADR CM 4.0 %
LOCALIZA RENT A CAR 3.3 %
Total 68.1 %

TOP COUNTRY EXPOSURE
BRAZIL 78.9 %
CAYMAN ISLANDS 10.9 %
CANADA 4.8 %
LUXEMBOURG 2.4 %
ARGENTINA 1.6 %
MEXICO 1.5 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
18.3% -5.7% -- -- 49.7%

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 $23.04
30d moving avg. $22.91
Annualized volatility 23.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 334 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 37.4 48 27 13.4 +0.2
EWZ iShares MSCI Brazil ETF 27.7 58 17 13.7 +0.5
FLBR Franklin FTSE Brazil ETF 14.4 19 56 15.7 +2.5
FLLA Franklin FTSE Latin America ETF 8.6 19 56 13.4 +0.2
LIVR Intelligent Livermore ETF 8.3 69 6 6.5 -6.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.6 86 -11 0.3 -12.9
FLN First Trust Latin America AlphaDEX Fund 6.8 80 -5 10.2 -3.0
EMC Global X Emerging Markets Great Consumer ETF 6.3 75 0 8.4 -4.8
FBZ First Trust Brazil AlphaDEX Fund 6.2 80 -5 12.5 -0.8
EV Mast Global Battery Recycling & Production ETF 6.0 65 10 10.8 -2.5
SLX VanEck Steel ETF 6.0 56 19 17.2 +3.9
AOTG AOT Growth and Innovation ETF 5.8 75 0 2.1 -11.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.7 70 5 15.5 +2.3
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 16 11.0 -2.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.1 86 -11 14.1 +0.8
CGXU Capital Group International Focus Equity ETF 5.1 54 21 5.8 -7.5
FTHF First Trust Emerging Markets Human Flourishing ETF 4.8 75 0 8.9 -4.3
BLOK Amplify Transformational Data Sharing ETF 4.3 75 0 0.3 -12.9
LOUP Innovator Deepwater Frontier Tech ETF 4.2 70 5 1.4 -11.8
EMIF iShares Emerging Markets Infrastructure ETF 4.0 60 15 6.8 -6.5
MEM Matthews Emerging Markets Equity Active ETF 3.9 79 -4 8.5 -4.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.9 60 15 10.8 -2.4
BITQ Bitwise Crypto Industry Innovators ETF 3.6 85 -10 -2.7 -15.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.6 60 15 7.1 -6.1
BRF VanEck Brazil Small-Cap ETF 3.4 66 9 12.1 -1.2
GNR SPDR S&P Global Natural Resources ETF 3.4 40 35 11.8 -1.4
HAP VanEck Natural Resources ETF 3.1 50 25 10.1 -3.1
SMOG VanEck Low Carbon Energy ETF 3.1 61 14 1.6 -11.6
EDIV SPDR S&P Emerging Markets Dividend ETF 3.0 49 26 11.9 -1.3
CNRG SPDR S&P Kensho Clean Power ETF 3.0 45 30 0.7 -12.5
ARKF ARK Fintech Innovation ETF 3.0 75 0 -0.4 -13.6
BPAY BlackRock Future Financial and Technology ETF 2.9 70 5 7.3 -5.9
FRDM Freedom 100 Emerging Markets ETF 2.8 49 26 8.9 -4.3
COPJ Sprott Junior Copper Miners ETF 2.7 75 0 1.7 -11.6
COPA Themes Copper Miners ETF 2.7 35 40 7.1 -6.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.6 33 42 10.7 -2.6
EWZS iShares MSCI Brazil Small-Cap ETF 2.6 59 16 11.5 -1.7
XC WisdomTree Emerging Markets Ex-China Fund 2.5 32 43 6.2 -7.1
ICLN iShares Global Clean Energy ETF 2.5 41 34 6.2 -7.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 45 10.2 -3.0
SPEM SPDR Portfolio Emerging Markets ETF 2.4 7 68 11.0 -2.2
BKF iShares MSCI BIC ETF 2.3 69 6 13.8 +0.6
CVY Invesco Zacks Multi-Asset Income ETF 2.2 106 -31 12.6 -0.6
ABLD Abacus FCF Real Assets Leaders ETF 2.2 69 6 6.9 -6.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 9.7 -3.5
GDX VanEck Gold Miners ETF 2.1 51 24 4.3 -8.9
SIL Global X Silver Miners ETF 2.1 65 10 3.1 -10.1
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -5 12.0 -1.2
AVES Avantis Emerging Markets Value ETF 1.9 36 39 12.0 -1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.9 29 46 6.8 -6.4
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 59 8.6 -4.6
DVYE iShares Emerging Markets Dividend ETF 1.8 49 26 18.7 +5.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 50 8.0 -5.3
AVEM Avantis Emerging Markets Equity ETF 1.8 33 42 9.5 -3.7
FDFF Fidelity Disruptive Finance ETF 1.7 50 25 4.1 -9.1
PCGG Polen Capital Global Growth ETF 1.7 85 -10 3.7 -9.5
COPX Global X Copper Miners ETF 1.7 65 10 8.5 -4.7
FMET Fidelity Metaverse ETF 1.7 39 36 5.2 -8.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 17 5.0 -8.2
AADR AdvisorShares Dorsey Wright ADR ETF 1.6 110 -35 5.1 -8.1
BUYZ Franklin Disruptive Commerce ETF 1.6 50 25 2.3 -10.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.6 8 67 4.7 -8.5
GVIP Goldman Sachs Hedge Industry VIP ETF 1.6 45 30 3.5 -9.8
ISHP First Trust Nasdaq Retail ETF 1.6 60 15 6.0 -7.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 15 12.7 -0.5
ONLN ProShares Online Retail ETF 1.6 58 17 3.5 -9.8
ARKW ARK Next Generation Internet ETF 1.6 87 -12 -0.6 -13.9
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 27 1.6 -11.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 15 4.3 -8.9
RJMG FT Raymond James Multicap Growth Equity ETF 1.6 85 -10 2.3 -10.9
ARGT Global X MSCI Argentina ETF 1.6 59 16 3.6 -9.7
EBIZ Global X E-Commerce ETF 1.6 50 25 4.4 -8.9
PNQI Invesco NASDAQ Internet ETF 1.6 60 15 3.6 -9.7
PWB Invesco Large Cap Growth ETF 1.6 56 19 2.9 -10.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.6 20 55 4.4 -8.9
FFTY Innovator IBD 50 ETF 1.6 80 -5 -0.4 -13.6
TMFG Motley Fool Global Opportunities ETF 1.6 85 -10 3.8 -9.4
CLOD Themes Cloud Computing ETF 1.6 35 40 3.0 -10.2
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.6 49 26 3.9 -9.4
TOGA Tremblant Global ETF 1.6 69 6 1.8 -11.5
USRD Themes US R&D Champions ETF 1.6 29 46 5.1 -8.1
LGCF Themes US Cash Flow Champions ETF 1.6 30 45 8.7 -4.5
VCR Vanguard Consumer Discretionary ETF 1.6 10 65 4.7 -8.5
HAIL SPDR S&P Kensho Smart Mobility ETF 1.5 45 30 2.7 -10.5
DINT Davis Select International ETF 1.5 55 20 8.3 -4.9
IGE iShares North American Natural Resources ETF 1.5 41 34 8.3 -4.9
SFYF SoFi Social 50 ETF 1.5 29 46 0.2 -13.0
MXI iShares Global Materials ETF 1.5 41 34 8.0 -5.3
NULC Nuveen ESG Large-Cap ETF 1.5 21 54 5.0 -8.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.5 75 0 3.3 -10.0
PID Invesco International Dividend Achievers ETF 1.4 53 22 5.6 -7.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.4 29 46 8.6 -4.6
MOO VanEck Agribusiness ETF 1.4 53 22 10.6 -2.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.4 15 60 7.7 -5.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 30 10.8 -2.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.4 40 35 3.9 -9.4
FFOG Franklin Focused Growth ETF 1.4 61 14 2.5 -10.8
CGV Conductor Global Equity Value ETF 1.4 130 -55 9.1 -4.1
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 3.4 -9.8
IWP iShares Russell Mid-Cap Growth ETF 1.4 23 52 3.5 -9.7
TTAI FCF International Quality ETF 1.3 59 16 7.1 -6.1
CGIE Capital Group International Equity ETF 1.3 54 21 5.0 -8.3
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 31 12.3 -1.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.3 68 7 0.3 -12.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 24 51 8.5 -4.7
EEM iShares MSCI Emerging Markets ETF 1.2 69 6 10.8 -2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -20 13.3 +0.1
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 9 13.0 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.2 30 45 10.9 -2.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 40 4.4 -8.9
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 0 5.1 -8.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 17 4.1 -9.1
ICOP iShares Copper and Metals Mining ETF 1.1 47 28 9.5 -3.7
KOMP SPDR S&P Kensho New Economies Composite ETF 1.1 20 55 3.6 -9.7
STXE Strive Emerging Markets Ex-China ETF 1.1 32 43 8.0 -5.2
VRAI Virtus Real Asset Income ETF 1.1 55 20 10.6 -2.6
JIG JPMorgan International Growth ETF 1.1 55 20 4.7 -8.5
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 66 11.0 -2.2
GINN Goldman Sachs Innovate Equity ETF 1.1 52 23 4.2 -9.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.1 30 45 7.0 -6.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 9 10.5 -2.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 64 10.6 -2.6
VERS ProShares Metaverse ETF 1.0 58 17 -0.3 -13.6
FEOE First Eagle Overseas Equity ETF 1.0 79 -4 8.3 -4.9
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -14 4.5 -8.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.0 75 0 10.3 -2.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.0 48 27 8.1 -5.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 39 8.2 -5.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.0 36 39 10.4 -2.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -5 15.1 +1.9
DFEV Dimensional Emerging Markets Value ETF 0.9 43 32 14.1 +0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 60 8.6 -4.7
XCEM Columbia EM Core ex-China ETF 0.9 16 59 8.4 -4.8
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 40 10.2 -3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -13 9.8 -3.4
EMM Global X Emerging Markets ex-China ETF 0.9 75 0 6.1 -7.2
SUPL ProShares Supply Chain Logistics ETF 0.9 58 17 11.0 -2.2
GVAL Cambria Global Value ETF 0.9 68 7 11.2 -2.0
IXC iShares Global Energy ETF 0.9 44 31 11.0 -2.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 7.2 -6.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.9 36 39 5.1 -8.2
IBUY Amplify Online Retail ETF 0.8 65 10 3.0 -10.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 37 10.0 -3.3
VWO Vanguard FTSE Emerging Markets ETF 0.8 8 67 11.1 -2.1
CGGO Capital Group Global Growth Equity ETF 0.8 47 28 4.9 -8.3
QQQM Invesco NASDAQ 100 ETF 0.8 15 60 4.4 -8.9
FFND Future Fund Active ETF 0.8 100 -25 4.6 -8.6
IXG iShares Global Financials ETF 0.8 42 33 6.8 -6.4
QQQ Invesco QQQ Trust Series I 0.8 20 55 4.3 -8.9
TRFM AAM Transformers ETF 0.8 49 26 1.8 -11.5
SCHE Schwab Emerging Markets Equity ETF 0.8 11 64 11.8 -1.4
FXL First Trust Technology AlphaDEX Fund 0.8 61 14 5.9 -7.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 31 10.9 -2.3
GQQQ Astoria US Quality Growth Kings ETF 0.8 35 40 5.0 -8.3
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 50 10.7 -2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 26 17.0 +3.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 55 10.8 -2.4
LRGF iShares U.S. Equity Factor ETF 0.8 8 67 5.8 -7.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 34 9.5 -3.7
BUZZ VanEck Social Sentiment ETF 0.7 75 0 -0.2 -13.5
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 46 4.9 -8.4
APIE ActivePassive International Equity ETF 0.7 45 30 7.6 -5.6
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 4.3 -8.9
RODE Hartford Multifactor Diversified International ETF 0.7 29 46 11.0 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 58 14.0 +0.8
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 20 8.3 -4.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 30 11.1 -2.1
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 45 7.9 -5.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 25 11.9 -1.3
IYF iShares U.S. Financials ETF 0.7 40 35 6.2 -7.0
FEGE First Eagle Global Equity ETF 0.7 79 -4 7.2 -6.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -10 10.5 -2.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 26 10.7 -2.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 57 5.7 -7.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 36 17.2 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 60 10.9 -2.3
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 65 4.9 -8.3
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 50 12.3 -0.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -15 8.1 -5.1
RNEM First Trust Emerging Markets Equity Select ETF 0.6 75 0 7.0 -6.2
GLOF iShares Global Equity Factor ETF 0.5 20 55 6.9 -6.3
USMV iShares MSCI USA Min Vol Factor ETF 0.5 15 60 5.6 -7.6
CGDG Capital Group Dividend Growers ETF 0.5 47 28 6.3 -6.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 33 6.8 -6.5
XITK SPDR FactSet Innovative Technology ETF 0.5 45 30 0.4 -12.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 43 7.0 -6.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.5 35 40 5.4 -7.8
WWJD Inspire International ETF 0.5 80 -5 7.3 -5.9
ILCG iShares Morningstar Growth ETF 0.4 4 71 3.9 -9.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 16 12.3 -0.9
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 57 4.3 -9.0
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 65 5.2 -8.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 40 20.9 +7.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 6.1 -7.1
XDAT Franklin Exponential Data ETF 0.4 50 25 2.1 -11.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 50 6.5 -6.7
IWR iShares Russell Midcap ETF 0.4 19 56 6.1 -7.1
OPTZ Optimize Strategy Index ETF 0.4 50 25 5.3 -8.0
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 6.4 -6.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 7.9 -5.3
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.4 10 65 4.6 -8.7
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 13.3 +0.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 65 5.5 -7.7
ESGV Vanguard ESG U.S. Stock ETF 0.4 9 66 5.0 -8.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 65 5.2 -8.0
JGRO JPMorgan Active Growth ETF 0.4 44 31 3.7 -9.5
SHPP Pacer Industrials and Logistics ETF 0.3 60 15 8.4 -4.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 4.1 -9.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 6.0 -7.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 67 5.3 -7.9
IGRO iShares International Dividend Growth ETF 0.3 15 60 7.1 -6.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 67 8.3 -4.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 60 6.3 -6.9
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 68 8.1 -5.1
AVUS Avantis U.S. Equity ETF 0.3 15 60 6.2 -7.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 65 4.5 -8.7
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 10 4.5 -8.7
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 5.0 -8.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 57 8.0 -5.3
ACWI iShares MSCI ACWI ETF 0.3 32 43 5.9 -7.4
AIEQ AI Powered Equity ETF 0.3 75 0 5.4 -7.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 12 13.6 +0.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 4.9 -8.4
VT Vanguard Total World Stock ETF 0.3 7 68 6.2 -7.0
VYMI Vanguard International High Dividend Yield ETF 0.3 22 53 9.8 -3.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 68 5.3 -7.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 7.8 -5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 55 6.0 -7.2
RVRB Reverb ETF 0.3 30 45 4.9 -8.4
KLMN Invesco MSCI North America Climate ETF 0.3 9 66 5.3 -7.9
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 50 5.8 -7.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 5.3 -7.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 36 12.0 -1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 36 6.9 -6.4
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 5.1 -8.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 5.2 -8.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 40 1.2 -12.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 45 8.3 -4.9
CLNR IQ Cleaner Transport ETF 0.2 45 30 6.9 -6.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 28 5.7 -7.5
WRND IQ Global Equity R&D Leaders ETF 0.2 18 57 8.9 -4.3
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 6.1 -7.2
PBUS Invesco MSCI USA ETF 0.2 4 71 5.2 -8.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 36 12.7 -0.6
EXI iShares Global Industrials ETF 0.2 42 33 4.6 -8.6
BLES Inspire Global Hope ETF 0.2 61 14 7.0 -6.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 6.3 -6.9
IGF iShares Global Infrastructure ETF 0.2 41 34 4.7 -8.5
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.7 -8.5
VXUS Vanguard Total International Stock ETF 0.2 7 68 8.2 -5.0
SETM Sprott Energy Transition Materials ETF 0.2 65 10 4.3 -8.9
VOTE TCW Transform 500 ETF 0.2 5 70 5.2 -8.1
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 33 5.0 -8.3
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 60 5.8 -7.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 5.8 -7.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 5.2 -8.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 5.2 -8.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 5.1 -8.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 9.9 -3.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 5.2 -8.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 71 6.5 -6.7
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 4.7 -8.6
TOK iShares MSCI Kokusai ETF 0.2 26 49 5.3 -7.9
VSGX Vanguard ESG International Stock ETF 0.2 12 63 8.0 -5.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 6.5 -6.7
URTH iShares MSCI World ETF 0.2 24 51 5.4 -7.8
IUS Invesco RAFI Strategic US ETF 0.2 19 56 7.0 -6.2
IWF iShares Russell 1000 Growth ETF 0.2 19 56 4.6 -8.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 60 4.9 -8.3
VONG Vanguard Russell 1000 Growth ETF 0.2 8 67 4.7 -8.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 14.1 +0.8
BOUT Innovator IBD Breakout Opportunities ETF 0.1 81 -6 3.1 -10.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 5.4 -7.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 7.8 -5.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 7.3 -5.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 6.1 -7.1
STXM Strive Mid-Cap ETF 0.1 18 57 6.6 -6.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 7.3 -6.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 8.3 -5.0
SFYX SoFi Next 500 ETF 0.1 0 75 6.0 -7.3
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 62 3.2 -10.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 33 6.7 -6.5
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 63 8.8 -4.4
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 7.0 -6.2
GWX SPDR S&P International Small Cap ETF 0.1 40 35 6.5 -6.7
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 8.8 -4.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 7.2 -6.0
YOKE Yoke Core ETF 0.1 42 33 4.5 -8.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 6.2 -7.1
IWB iShares Russell 1000 ETF 0.1 15 60 5.2 -8.1
VONE Vanguard Russell 1000 ETF 0.1 8 67 5.2 -8.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 61 5.2 -8.0
VTHR Vanguard Russell 3000 ETF 0.1 10 65 5.2 -8.1
IWV iShares Russell 3000 ETF 0.1 20 55 5.1 -8.2
SMMD iShares Russell 2500 ETF 0.1 15 60 6.8 -6.5
GVLU Gotham 1000 Value ETF 0.1 50 25 9.3 -3.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.6 -7.6
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 9.5 -3.8
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 6.1 -7.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 5.2 -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 3.2 -10.1
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 60 8.2 -5.0
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 7 68 7.0 -6.2
DEW WisdomTree Global High Dividend Fund 0.0 58 17 8.8 -4.4
IYW iShares U.S. Technology ETF 0.0 40 35 4.3 -8.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 7.3 -6.0
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 7.1 -6.1
DFIS Dimensional International Small Cap ETF 0.0 39 36 7.6 -5.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 6.1 -7.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 5.6 -7.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 7.2 -6.0
TAX Cambria Tax Aware ETF 0.0 49 26 5.3 -8.0
STXG Strive 1000 Growth ETF 0.0 18 57 4.1 -9.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 8.2 -5.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 50 8.5 -4.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 5.7 -7.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.9 -7.3
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 7.1 -6.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 8.4 -4.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.4 -7.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.7 -7.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.2 -6.1
DFUS Dimensional U.S. Equity ETF 0.0 9 66 5.1 -8.1
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.7 -6.5
VONV Vanguard Russell 1000 Value ETF 0.0 8 67 6.8 -6.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.6 -5.6
EBI Longview Advantage ETF 0.0 35 40 7.0 -6.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 4.8 -8.5
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 60 6.1 -7.1
AVDV Avantis International Small Cap Value ETF 0.0 36 39 10.2 -3.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.8 -6.4

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%.

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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 16.3 %
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		 1.48 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.