Global X Brazil Active ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 7.8x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 2.9%


  • 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
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $28,797
Large cap (>$10bn) 56.1%
Mid cap ($2-10bn) 23.5%
Small cap (<$2bn) 7.0%
Developed mkts 2.8%
Emerging mkts 97.2%

TOP TEN HOLDINGS
PETROLEO BRASILEIRO S.A.-ADR 10.2 %
VALE SA-SP ADR 9.6 %
ITAU UNIBANCO HLDNG-PREF ADR 8.4 %
HRT PARTICIPACOES EM PETROLE 6.0 %
BANCO BRADESCO-ADR 5.4 %
3R PETROLEUM OLEO E GAS SA 4.2 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.2 %
LOCALIZA RENT A CAR 4.0 %
CENTRAIS ELEC BRAS-SP ADR CM 3.6 %
RAIA DROGASIL SA 3.6 %
Total 59.2 %

TOP COUNTRY EXPOSURE
BRAZIL 89.3 %
ARGENTINA 2.8 %
CAYMAN ISLANDS 2.6 %
URUGUAY 2.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.0% -- -- -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $25.36
30d moving avg. $27.42
Annualized volatility 0.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $1,739

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 276 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™: 10.3%


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 38.6 48 27 10.3 -0.0
EWZ iShares MSCI Brazil ETF 21.5 58 17 11.9 +1.6
FLBR Franklin FTSE Brazil ETF 18.9 19 56 12.4 +2.1
FTRI First Trust Indxx Global Natural Resources Income ETF 12.2 70 5 10.6 +0.3
FLLA Franklin FTSE Latin America ETF 11.9 19 56 11.7 +1.4
FBZ First Trust Brazil AlphaDEX Fund 9.5 80 -5 11.9 +1.6
EWZS iShares MSCI Brazil Small-Cap ETF 8.8 59 16 8.2 -2.1
EMM Global X Emerging Markets ex-China ETF 8.1 75 0 3.7 -6.6
MEM Matthews Emerging Markets Equity Active ETF 8.0 79 -4 5.7 -4.6
SLX VanEck Steel ETF 7.9 56 19 20.6 +10.3
BRF VanEck Brazil Small-Cap ETF 7.8 66 9 7.9 -2.3
EV Mast Global Battery Recycling & Production ETF 7.7 65 10 12.8 +2.5
EMC Global X Emerging Markets Great Consumer ETF 7.1 75 0 4.9 -5.4
FLN First Trust Latin America AlphaDEX Fund 6.6 80 -5 11.1 +0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.3 86 -11 1.9 -8.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 5.3 86 -11 1.9 -8.4
AADR AdvisorShares Dorsey Wright ADR ETF 5.2 110 -35 5.4 -4.9
EMFQ Amplify Emerging Markets FinTech ETF 5.1 69 6 5.4 -4.9
ARGT Global X MSCI Argentina ETF 4.8 59 16 7.4 -2.9
AOTG AOT Growth and Innovation ETF 4.7 75 0 3.0 -7.3
CGXU Capital Group International Focus Equity ETF 4.7 54 21 4.1 -6.1
BLOK Amplify Transformational Data Sharing ETF 4.6 75 0 1.1 -9.2
ARKF ARK Fintech Innovation ETF 4.5 75 0 -2.2 -12.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.2 67 8 17.5 +7.2
GNR SPDR S&P Global Natural Resources ETF 4.0 40 35 9.2 -1.1
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 20 8.0 -2.2
EMIF iShares Emerging Markets Infrastructure ETF 3.6 60 15 4.6 -5.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.5 95 -20 11.4 +1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 42 7.2 -3.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.4 30 45 8.5 -1.7
SPEM SPDR Portfolio Emerging Markets ETF 3.3 7 68 7.5 -2.8
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 3.3 69 6 8.3 -2.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.1 90 -15 7.0 -3.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.1 60 15 10.0 -0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.1 70 5 11.4 +1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 3.0 29 46 6.2 -4.1
TIME Clockwise Core Equity & Innovation ETF 3.0 95 -20 2.0 -8.3
EBIZ Global X E-Commerce ETF 2.8 50 25 1.2 -9.1
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 2.8 106 -31 3.0 -7.3
BUYZ Franklin Disruptive Commerce ETF 2.8 50 25 2.1 -8.2
CLOD Themes Cloud Computing ETF 2.8 35 40 3.7 -6.6
BITQ Bitwise Crypto Industry Innovators ETF 2.6 85 -10 -4.7 -15.0
ECON Columbia Emerging Markets Consumer ETF 2.6 49 26 4.8 -5.5
BPAY BlackRock Future Financial and Technology ETF 2.6 70 5 8.3 -2.0
FPXI First Trust International Equity Opportunities ETF 2.6 70 5 3.6 -6.7
IPO Renaissance IPO ETF 2.6 60 15 -3.2 -13.5
LOUP Innovator Deepwater Frontier Tech ETF 2.6 70 5 2.3 -8.0
CVY Invesco Zacks Multi-Asset Income ETF 2.5 106 -31 8.9 -1.4
ONLN ProShares Online Retail ETF 2.5 58 17 3.1 -7.2
PNQI Invesco NASDAQ Internet ETF 2.5 60 15 2.6 -7.7
INNO Harbor Disruptive Innovation ETF 2.5 75 0 -3.5 -13.8
AVEM Avantis Emerging Markets Equity ETF 2.5 33 42 9.1 -1.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.5 60 15 0.9 -9.3
GBUY Goldman Sachs Future Consumer Equity ETF 2.4 75 0 3.1 -7.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.4 75 0 9.6 -0.7
XNTK SPDR NYSE Technology ETF 2.3 35 40 4.0 -6.3
BKF iShares MSCI BIC ETF 2.3 69 6 7.1 -3.2
CBSE Clough Select Equity ETF 2.2 85 -10 -2.3 -12.6
AVES Avantis Emerging Markets Value ETF 2.2 36 39 12.1 +1.8
SFYF SoFi Social 50 ETF 2.2 29 46 -2.6 -12.9
XCEM Columbia EM Core ex-China ETF 2.2 16 59 7.4 -2.9
HAP VanEck Natural Resources ETF 2.2 50 25 9.5 -0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.2 75 0 3.2 -7.1
VRAI Virtus Real Asset Income ETF 2.1 55 20 8.6 -1.7
EATZ AdvisorShares Restaurant ETF 2.0 101 -26 2.7 -7.6
KCAL Subversive Food Security ETF 2.0 75 0 0.0 -10.3
TMFG Motley Fool Global Opportunities ETF 2.0 85 -10 3.3 -7.0
FRDM Freedom 100 Emerging Markets ETF 2.0 49 26 7.3 -2.9
ARKW ARK Next Generation Internet ETF 2.0 87 -12 -2.9 -13.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.9 88 -13 6.2 -4.1
NDIV Amplify Natural Resources Dividend Income ETF 1.9 59 16 9.7 -0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.8 24 51 7.1 -3.1
GVIP Goldman Sachs Hedge Industry VIP ETF 1.8 45 30 4.6 -5.6
SUPL ProShares Supply Chain Logistics ETF 1.8 58 17 13.1 +2.8
MXI iShares Global Materials ETF 1.8 41 34 6.6 -3.6
CNRG SPDR S&P Kensho Clean Power ETF 1.8 45 30 -7.5 -17.8
XC WisdomTree Emerging Markets Ex-China Fund 1.7 32 43 6.2 -4.1
ISHP First Trust Nasdaq Retail ETF 1.7 60 15 3.2 -7.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 27 0.5 -9.8
BTEK Future Tech ETF 1.6 88 -13 2.1 -8.2
MOO VanEck Agribusiness ETF 1.6 53 22 9.4 -0.9
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 46 5.2 -5.1
STXE Strive Emerging Markets Ex-China ETF 1.6 32 43 6.9 -3.4
RAYD Rayliant Quantitative Developed Market Equity ETF 1.6 80 -5 4.5 -5.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.6 68 7 5.3 -5.0
GDVD R3 Global Dividend Growth ETF 1.6 88 -13 5.8 -4.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 15 5.6 -4.7
FXO First Trust Financials AlphaDEX Fund 1.6 62 13 9.2 -1.1
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 0 8.2 -2.1
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 50 6.7 -3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.5 29 46 8.3 -2.0
KOCG FIS Knights of Columbus Global Belief ETF 1.5 75 0 5.3 -5.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 39 7.5 -2.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 64 7.7 -2.6
ROAM Hartford Multifactor Emerging Markets ETF 1.5 44 31 11.7 +1.4
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.5 49 26 19.0 +8.7
NULG Nuveen ESG Large-Cap Growth ETF 1.5 26 49 4.4 -5.9
DVYE iShares Emerging Markets Dividend ETF 1.5 49 26 16.6 +6.3
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 58 7.8 -2.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 60 7.1 -3.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.4 45 30 12.7 +2.4
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 59 7.4 -2.8
NULC Nuveen ESG Large-Cap ETF 1.4 21 54 5.5 -4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.4 32 43 6.3 -4.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 31 10.3 +0.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.4 8 67 4.9 -5.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.3 20 55 7.5 -2.8
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 34 7.3 -3.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 17 4.6 -5.7
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 40 7.7 -2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 43 7.6 -2.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -5 16.3 +6.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 9 7.2 -3.1
SCHE Schwab Emerging Markets Equity ETF 1.2 11 64 7.6 -2.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 16 9.6 -0.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.2 18 57 7.9 -2.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 12 12.9 +2.6
VWO Vanguard FTSE Emerging Markets ETF 1.1 8 67 7.6 -2.7
PWB Invesco Large Cap Growth ETF 1.1 56 19 3.1 -7.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 12.4 +2.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.1 45 30 8.6 -1.7
EEM iShares MSCI Emerging Markets ETF 1.1 69 6 7.0 -3.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.1 40 35 4.1 -6.1
SMOG VanEck Low Carbon Energy ETF 1.1 61 14 3.0 -7.3
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 26 8.3 -2.0
CGV Conductor Global Equity Value ETF 1.1 130 -55 11.3 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 45 7.5 -2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 36 12.5 +2.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 50 11.9 +1.7
JIG JPMorgan International Growth ETF 1.1 55 20 4.3 -6.0
VCR Vanguard Consumer Discretionary ETF 1.1 10 65 4.7 -5.6
MINV Matthews Asia Innovators Active ETF 1.1 79 -4 2.8 -7.4
ION ProShares S&P Global Core Battery Metals ETF 1.1 58 17 11.6 +1.3
APIE ActivePassive International Equity ETF 1.1 45 30 7.7 -2.6
IXC iShares Global Energy ETF 1.1 44 31 8.2 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 25 10.5 +0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 37 8.2 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 66 7.5 -2.8
BNE Blue Horizon BNE ETF 1.0 87 -12 5.0 -5.3
NDIA Global X India Active ETF 1.0 75 0 6.5 -3.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.0 75 0 3.8 -6.5
GINN Goldman Sachs Innovate Equity ETF 1.0 52 23 2.7 -7.6
IXG iShares Global Financials ETF 1.0 42 33 6.8 -3.4
SDIV Global X Superdividend ETF 1.0 58 17 17.6 +7.3
GVAL Cambria Global Value ETF 1.0 68 7 12.4 +2.1
TTAI FCF International Quality ETF 1.0 59 16 7.4 -2.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -5 14.2 +3.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 34 7.8 -2.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 40 4.8 -5.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 17 4.8 -5.5
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 50 8.7 -1.6
IBUY Amplify Online Retail ETF 0.8 65 10 1.8 -8.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 55 2.1 -8.2
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 45 6.8 -3.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 39 6.8 -3.5
AVLV Avantis U.S. Large Cap Value ETF 0.7 15 60 7.5 -2.8
JGRO JPMorgan Active Growth ETF 0.7 44 31 3.4 -6.9
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 50 7.7 -2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 27 9.4 -0.9
TRFM AAM Transformers ETF 0.6 49 26 1.3 -9.0
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 10 4.3 -6.0
LRGF iShares U.S. Equity Factor ETF 0.6 8 67 5.8 -4.5
CGGO Capital Group Global Growth Equity ETF 0.5 47 28 4.3 -6.0
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 52 3.8 -6.5
QQQM Invesco NASDAQ 100 ETF 0.5 15 60 4.7 -5.6
QQQ Invesco QQQ Trust Series I 0.5 20 55 4.6 -5.6
IYF iShares U.S. Financials ETF 0.5 40 35 6.3 -4.0
WWJD Inspire International ETF 0.5 80 -5 7.1 -3.2
QQMG Invesco ESG NASDAQ 100 ETF 0.5 20 55 4.7 -5.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -14 4.8 -5.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 67 7.2 -3.1
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 60 3.7 -6.5
IGRO iShares International Dividend Growth ETF 0.4 15 60 7.1 -3.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 5 7.2 -3.0
DFEV Dimensional Emerging Markets Value ETF 0.4 43 32 10.9 +0.6
JRNY ALPS Global Travel Beneficiaries ETF 0.4 65 10 0.0 -10.3
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 39 4.8 -5.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.7 -4.6
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 50 5.6 -4.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 5.2 -5.1
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 7.2 -3.1
GLOF iShares Global Equity Factor ETF 0.4 20 55 7.1 -3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 6.7 -3.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 63 4.8 -5.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 28 5.9 -4.4
VYMI Vanguard International High Dividend Yield ETF 0.3 22 53 9.7 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 41 6.7 -3.6
IGF iShares Global Infrastructure ETF 0.3 41 34 5.0 -5.3
GII SPDR S&P Global Infrastructure ETF 0.3 40 35 5.0 -5.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 10 7.7 -2.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 5.2 -5.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 63 5.1 -5.2
FILL iShares MSCI Global Energy Producers ETF 0.3 39 36 9.0 -1.3
AVUS Avantis U.S. Equity ETF 0.3 15 60 6.0 -4.2
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 26 5.0 -5.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.9 -6.4
ILCG iShares Morningstar Growth ETF 0.3 4 71 4.1 -6.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 0 4.7 -5.6
EXI iShares Global Industrials ETF 0.3 42 33 4.7 -5.6
GDEF Goldman Sachs Defensive Equity ETF 0.3 55 20 4.4 -5.9
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 68 6.9 -3.4
VSGX Vanguard ESG International Stock ETF 0.3 12 63 6.8 -3.5
MVPS Amplify Thematic All-Stars ETF 0.3 49 26 1.7 -8.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 45 7.8 -2.5
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 5.1 -5.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.3 10 65 5.4 -4.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 55 5.6 -4.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 36 4.5 -5.7
VXUS Vanguard Total International Stock ETF 0.3 7 68 7.1 -3.2
KXI iShares Global Consumer Staples ETF 0.3 41 34 5.6 -4.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 4.3 -5.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 5.0 -5.3
CLNR IQ Cleaner Transport ETF 0.3 45 30 8.3 -2.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 4.9 -5.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 10.1 -0.2
VT Vanguard Total World Stock ETF 0.2 7 68 5.8 -4.5
BLES Inspire Global Hope ETF 0.2 61 14 6.3 -4.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 65 4.8 -5.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 5.2 -5.1
IWR iShares Russell Midcap ETF 0.2 19 56 5.7 -4.6
DEW WisdomTree Global High Dividend Fund 0.2 58 17 9.1 -1.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 66 5.1 -5.2
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 62 2.8 -7.5
ACWI iShares MSCI ACWI ETF 0.2 32 43 5.5 -4.8
RVRB Reverb ETF 0.2 30 45 5.0 -5.3
CGUS Capital Group Core Equity ETF 0.2 33 42 4.7 -5.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 50 7.0 -3.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 8.2 -2.1
VOTE TCW Transform 500 ETF 0.2 5 70 5.2 -5.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 5.3 -5.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 5.2 -5.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 5.3 -5.0
SUSA iShares MSCI USA ESG Select ETF 0.2 25 50 5.4 -4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 5.2 -5.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 63 8.7 -1.6
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 5.3 -5.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 33 6.8 -3.5
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 5.2 -5.1
WRND IQ Global Equity R&D Leaders ETF 0.1 18 57 7.2 -3.1
PBUS Invesco MSCI USA ETF 0.1 4 71 5.3 -5.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 50 6.8 -3.5
SIZE iShares MSCI USA Size Factor ETF 0.1 15 60 6.0 -4.3
EUSA iShares MSCI USA Equal Weighted ETF 0.1 9 66 6.2 -4.1
RODE Hartford Multifactor Diversified International ETF 0.1 29 46 11.5 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 5.5 -4.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.7 -4.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 5.8 -4.5
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.9 -3.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 5.2 -5.1
TOK iShares MSCI Kokusai ETF 0.1 26 49 5.3 -5.0
IWS iShares Russell Mid-Cap Value ETF 0.1 23 52 6.6 -3.7
URTH iShares MSCI World ETF 0.1 24 51 5.4 -4.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 11.0 +0.7
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 14.8 +4.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.5 -3.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 5.7 -4.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.1 -5.2
IWF iShares Russell 1000 Growth ETF 0.1 19 56 4.7 -5.6
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 -10 -0.9 -11.1
VONG Vanguard Russell 1000 Growth ETF 0.1 8 67 4.8 -5.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.0 -4.3
FMIL Fidelity New Millennium ETF 0.1 59 16 4.3 -6.0
IWB iShares Russell 1000 ETF 0.1 15 60 5.1 -5.1
VONE Vanguard Russell 1000 ETF 0.1 8 67 5.2 -5.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 63 7.3 -2.9
IWV iShares Russell 3000 ETF 0.1 20 55 5.0 -5.3
VTHR Vanguard Russell 3000 ETF 0.1 10 65 5.1 -5.2
IUS Invesco RAFI Strategic US ETF 0.0 19 56 7.3 -3.0
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.6 -3.7
VONV Vanguard Russell 1000 Value ETF 0.0 8 67 6.7 -3.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 0 3.8 -6.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 61 5.4 -4.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 7.3 -3.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.1 -3.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 7.1 -3.2
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 60 6.1 -4.2

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

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  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 15.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.39
 
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.