Global X Brazil Active ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.3x P/Sales
ratio		 1.5x
P/BV
ratio		 1.8x 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) $12
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 28
Wgt avg mkt cap (mns) $29,338
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 15.7 %
ITAU UNIBANCO HLDNG-PREF ADR 10.9 %
NU HOLDINGS LTD. CLASS A 9.4 %
VALE SA-SP ADR 6.7 %
BANCO BRADESCO-ADR 5.3 %
CENTRAIS ELEC BRAS-SP ADR CM 5.0 %
BANCO BTG PACTUAL SA UNITS CONS OF 5.0 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.7 %
BM&FBOVESPA SA 4.0 %
CIA PARANAENSE DE ENER-ADR 3.7 %
Total 70.4 %

TOP COUNTRY EXPOSURE
BRAZIL 80.4 %
CAYMAN ISLANDS 9.4 %
UNITED STATES 5.3 %
CANADA 3.7 %
ARGENTINA 1.3 %






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.
17.1% 53.0% -- -- 49.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 34%
MSCI EAFE 0.99 47%
MSCI Emg. Mkts. 0.91 52%

Technical Indicators
Recent close $35.50
30d moving avg. $31.92
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.6%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 338 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™: 8.5%


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
(%)
EWZ iShares MSCI Brazil ETF 29.4 58 17 8.9 +0.3
OTGL OTG Latin America ETF 20.1 269 -194 6.8 -1.7
FLBR Franklin FTSE Brazil ETF 17.4 19 56 9.9 +1.4
FLN First Trust Latin America AlphaDEX Fund 10.8 80 -5 8.9 +0.4
FLLA Franklin FTSE Latin America ETF 10.3 19 56 9.3 +0.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.3 86 -11 0.2 -8.3
EMIF iShares Emerging Markets Infrastructure ETF 8.5 60 15 2.5 -6.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.0 86 -11 11.7 +3.2
NDIV Amplify Natural Resources Dividend Income ETF 7.0 59 16 11.0 +2.5
EV Mast Global Battery Recycling & Production ETF 6.7 65 10 6.3 -2.3
SLX VanEck Steel ETF 6.7 56 19 10.7 +2.2
LOUP Innovator Deepwater Frontier Tech ETF 6.1 70 5 1.0 -7.5
FTHF First Trust Emerging Markets Human Flourishing ETF 6.0 75 0 6.1 -2.4
EMC Global X Emerging Markets Great Consumer ETF 5.7 75 0 7.4 -1.2
AOTG AOT Growth and Innovation ETF 5.6 75 0 1.5 -7.1
JADE JPMorgan Active Developing Markets Equity ETF 5.4 65 10 6.1 -2.4
TIIV AAM Todd International Intrinsic Value ETF 5.0 54 21 9.5 +1.0
MEM Matthews Emerging Markets Equity Active ETF 5.0 79 -4 8.7 +0.2
XC WisdomTree Emerging Markets Ex-China Fund 4.8 32 43 6.0 -2.6
DVYE iShares Emerging Markets Dividend ETF 4.8 49 26 16.6 +8.1
BLOK Amplify Transformational Data Sharing ETF 4.7 75 0 -0.1 -8.7
EWZS iShares MSCI Brazil Small-Cap ETF 4.6 59 16 9.6 +1.1
BPAY BlackRock Future Financial and Technology ETF 4.3 70 5 5.5 -3.0
SMOG VanEck Low Carbon Energy ETF 4.2 61 14 1.2 -7.4
ICOP iShares Copper and Metals Mining ETF 3.9 47 28 5.3 -3.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.7 60 15 6.3 -2.3
BKF iShares MSCI BIC ETF 3.7 69 6 13.4 +4.9
CGXU Capital Group International Focus Equity ETF 3.6 54 21 3.9 -4.6
FRDM Freedom 100 Emerging Markets ETF 3.5 49 26 5.7 -2.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 42 6.9 -1.6
ARKF ARK Fintech Innovation ETF 3.5 75 0 0.2 -8.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.4 33 42 6.4 -2.1
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.3 65 10 5.1 -3.4
GNR SPDR S&P Global Natural Resources ETF 3.2 40 35 8.0 -0.5
FFF Founders 100 ETF 3.2 75 0 2.7 -5.9
FEM First Trust Emerging Markets AlphaDEX Fund 3.2 80 -5 8.5 +0.0
SPEM SPDR Portfolio Emerging Markets ETF 3.1 7 68 9.4 +0.8
BRF VanEck Brazil Small-Cap ETF 3.1 66 9 9.2 +0.7
BJK VanEck Gaming ETF 3.1 65 10 4.2 -4.3
CNRG State Street SPDR S&P Kensho Clean Power ETF 3.1 45 30 -0.0 -8.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.8 30 45 7.8 -0.7
FDFF Fidelity Disruptive Finance ETF 2.7 50 25 5.3 -3.2
DINT Davis Select International ETF 2.6 55 20 6.0 -2.5
HAP VanEck Natural Resources ETF 2.6 50 25 6.4 -2.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.5 53 22 5.3 -3.2
COPJ Sprott Junior Copper Miners ETF 2.4 75 0 -1.4 -9.9
COPA Themes Copper Miners ETF 2.3 35 40 3.0 -5.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.3 60 15 9.7 +1.1
BITQ Bitwise Crypto Industry Innovators ETF 2.2 85 -10 -2.2 -10.8
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 59 7.0 -1.5
AVES Avantis Emerging Markets Value ETF 2.2 36 39 8.8 +0.3
AADR AdvisorShares Dorsey Wright ADR ETF 2.1 110 -35 2.7 -5.8
AVEM Avantis Emerging Markets Equity ETF 2.1 33 42 7.2 -1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 7.6 -0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 2.0 15 60 5.7 -2.8
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 50 5.4 -3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.0 36 39 6.0 -2.5
MXI iShares Global Materials ETF 1.9 41 34 5.6 -2.9
ICLN iShares Global Clean Energy ETF 1.9 41 34 1.8 -6.7
SDIV Global X Superdividend ETF 1.9 58 17 12.8 +4.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.9 75 0 6.4 -2.2
APIE ActivePassive International Equity ETF 1.8 45 30 6.3 -2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.7 32 43 5.0 -3.6
ROAM Hartford Multifactor Emerging Markets ETF 1.7 44 31 7.8 -0.7
VEXC Vanguard Emerging Markets Ex-China ETF 1.6 7 68 5.8 -2.8
AUAU Global X Gold Miners ETF 1.6 35 40 2.1 -6.4
TMAT Main Thematic Innovation ETF 1.6 164 -89 -2.0 -10.5
CGV Conductor Global Equity Value ETF 1.6 130 -55 7.3 -1.2
ESGE iShares ESG Aware MSCI EM ETF 1.6 25 50 8.5 -0.1
COPX Global X Copper Miners ETF 1.6 65 10 3.9 -4.6
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 46 3.9 -4.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.5 15 60 9.1 +0.5
DFEV Dimensional Emerging Markets Value ETF 1.5 43 32 9.9 +1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.5 58 17 3.5 -5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.5 30 45 8.2 -0.3
EEM iShares MSCI Emerging Markets ETF 1.5 69 6 8.0 -0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.5 41 34 6.9 -1.6
BINV Brandes International ETF 1.5 70 5 8.3 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.5 24 51 5.6 -3.0
DFAE Dimensional Emerging Core Equity Market ETF 1.5 35 40 7.1 -1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 1.4 33 42 6.9 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 58 12.0 +3.5
EMM Global X Emerging Markets ex-China ETF 1.4 75 0 5.0 -3.5
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 17 4.8 -3.7
STXE Strive Emerging Markets Ex-China ETF 1.4 32 43 5.6 -2.9
WRND IQ Global Equity R&D Leaders ETF 1.4 18 57 4.1 -4.5
XCEM Columbia EM Core ex-China ETF 1.4 16 59 5.2 -3.3
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 66 8.3 -0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 27 8.8 +0.3
TTAI FCF International Quality ETF 1.3 59 16 6.6 -1.9
FFOX FundX Future Fund Opportunities ETF 1.3 100 -25 2.4 -6.2
GDX VanEck Gold Miners ETF 1.3 51 24 2.3 -6.2
SIL Global X Silver Miners ETF 1.3 65 10 1.4 -7.2
IGE iShares North American Natural Resources ETF 1.3 41 34 5.5 -3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 9 7.4 -1.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 3.9 -4.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 37 7.1 -1.4
PNQI Invesco NASDAQ Internet ETF 1.3 60 15 3.7 -4.8
BUYZ Franklin Disruptive Commerce ETF 1.3 50 25 2.3 -6.2
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.3 8 67 4.3 -4.2
GVIP Goldman Sachs Hedge Industry VIP ETF 1.3 45 30 2.5 -6.0
ISHP First Trust Nasdaq Retail ETF 1.3 60 15 5.2 -3.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.3 60 15 9.1 +0.6
NULG Nuveen ESG Large-Cap Growth ETF 1.3 26 49 3.0 -5.5
ONLN ProShares Online Retail ETF 1.3 58 17 1.2 -7.3
OSEA Harbor International Compounders ETF 1.3 55 20 4.1 -4.5
FFOG Franklin Focused Growth ETF 1.3 61 14 1.6 -6.9
PCGG Polen Capital Global Growth ETF 1.3 85 -10 3.9 -4.7
OGIG ALPS O'Shares Global Internet Giants ETF 1.3 48 27 2.7 -5.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.3 58 17 3.5 -5.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.3 60 15 4.1 -4.5
ARGT Global X MSCI Argentina ETF 1.3 59 16 3.1 -5.4
EBIZ Global X E-Commerce ETF 1.3 50 25 4.6 -4.0
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.3 25 50 3.4 -5.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.3 18 57 5.2 -3.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.3 20 55 4.4 -4.2
TMFG Motley Fool Global Opportunities ETF 1.3 85 -10 3.8 -4.8
CLOD Themes Cloud Computing ETF 1.3 35 40 3.7 -4.8
MVPA Miller Value Partners Appreciation ETF 1.3 60 15 9.9 +1.4
TOGA Tremblant Global ETF 1.3 69 6 -0.2 -8.7
USRD Themes US R&D Champions ETF 1.3 29 46 4.3 -4.3
ABLG Abacus FCF International Leaders ETF 1.3 59 16 6.1 -2.4
LGCF Themes US Cash Flow Champions ETF 1.3 30 45 7.4 -1.2
BCOR Grayscale Bitcoin Adopters ETF 1.3 59 16 1.9 -6.7
LOGO Alpha Brands Consumption Leaders ETF 1.3 69 6 2.5 -6.0
GKAT Scharf Global Opportunity ETF 1.3 57 18 5.8 -2.7
CDIG City Different Investments Global Equity ETF 1.3 75 0 -1.5 -10.1
ITOL Tema International Durable Quality ETF 1.3 60 15 4.9 -3.7
VCR Vanguard Consumer Discretionary ETF 1.3 9 66 4.3 -4.2
VUSG Vanguard Wellington U.S. Growth Active ETF 1.3 35 40 2.5 -6.0
GPT Intelligent Alpha Atlas ETF 1.3 69 6 6.1 -2.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 34 5.0 -3.5
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 8.1 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -20 10.2 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 39 7.8 -0.8
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.2 20 55 0.8 -7.7
FEOE First Eagle Overseas Equity ETF 1.2 79 -4 6.1 -2.4
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.2 49 26 3.5 -5.0
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 20 6.4 -2.1
IXG iShares Global Financials ETF 1.2 42 33 6.2 -2.3
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 10.2 +1.7
VWO Vanguard FTSE Emerging Markets ETF 1.1 7 68 9.1 +0.5
FITE State Street SPDR S&P Kensho Future Security ETF 1.1 45 30 1.3 -7.3
JETS U.S. Global Jets ETF 1.1 60 15 2.6 -6.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 0 2.2 -6.4
FFTY Innovator IBD 50 ETF 1.1 80 -5 -0.0 -8.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 8 11.8 +3.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 13.3 +4.7
IXC iShares Global Energy ETF 1.1 44 31 7.3 -1.2
TRFM AAM Transformers ETF 1.1 49 26 1.1 -7.5
SCHE Schwab Emerging Markets Equity ETF 1.1 11 64 9.3 +0.8
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 50 9.2 +0.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.1 25 50 6.3 -2.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 36 13.4 +4.9
ARKW ARK Next Generation Internet ETF 1.1 87 -12 0.7 -7.8
VRAI Virtus Real Asset Income ETF 1.1 55 20 8.4 -0.1
CGIE Capital Group International Equity ETF 1.1 54 21 4.5 -4.0
GDXJ VanEck Junior Gold Miners ETF 1.1 52 23 2.2 -6.3
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.4 -4.2
WWJD Inspire International ETF 1.0 80 -5 6.1 -2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 55 8.7 +0.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 30 -1.5 -10.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 3.8 -4.8
CGGO Capital Group Global Growth Equity ETF 1.0 47 28 4.3 -4.3
FEGE First Eagle Global Equity ETF 1.0 79 -4 6.0 -2.5
GURU Global X Guru Index ETF 1.0 75 0 2.4 -6.1
MID American Century Mid Cap Growth Impact ETF 1.0 45 30 3.0 -5.6
FFND Future Fund Active ETF 1.0 100 -25 4.4 -4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.9 44 31 9.0 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 25 8.3 -0.2
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 45 6.4 -2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.4 -0.1
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.9 40 35 3.4 -5.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 50 10.5 +2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 30 8.3 -0.3
GVAL Cambria Global Value ETF 0.8 68 7 8.6 +0.1
IYF iShares U.S. Financials ETF 0.8 40 35 5.7 -2.8
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 9 9.1 +0.6
JIG JPMorgan International Growth ETF 0.8 55 20 3.5 -5.0
GINX SGI Enhanced Global Income ETF 0.8 98 -23 6.7 -1.9
HAPI Harbor Human Capital Factor US Large Cap ETF 0.8 36 39 4.2 -4.3
NULC Nuveen ESG Large-Cap ETF 0.7 21 54 4.1 -4.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 12 10.6 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 60 8.2 -0.4
GGRW Gabelli Growth Innovators ETF 0.7 90 -15 2.0 -6.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 26 7.8 -0.8
GINN Goldman Sachs Innovate Equity ETF 0.7 52 23 3.9 -4.6
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 3.4 -5.1
FPXI First Trust International Equity Opportunities ETF 0.6 70 5 3.8 -4.7
IBUY Amplify Online Retail ETF 0.6 65 10 2.2 -6.3
DRNZ REX Drone ETF 0.6 65 10 -1.6 -10.2
VIDI Vident International Equity Strategy ETF 0.6 61 14 8.3 -0.2
YNOT Horizon Digital Frontier ETF 0.6 75 0 2.7 -5.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 40 11.3 +2.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 16 8.6 +0.1
QQQ Invesco QQQ Trust Series I 0.6 20 55 3.4 -5.1
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 3.5 -5.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 30 9.2 +0.7
FRGN Horizon International Equity ETF 0.5 75 0 8.0 -0.5
BLES Inspire Global Hope ETF 0.5 61 14 5.8 -2.8
RGEF Rockefeller Global Equity ETF 0.5 55 20 3.9 -4.6
IGRO iShares International Dividend Growth ETF 0.5 15 60 6.6 -1.9
BUZZ VanEck Social Sentiment ETF 0.5 75 0 -0.7 -9.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 5 6.3 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 41 6.3 -2.2
IGF iShares Global Infrastructure ETF 0.5 41 34 4.1 -4.4
GII SPDR S&P Global Infrastructure ETF 0.5 40 35 4.1 -4.4
CGDG Capital Group Dividend Growers ETF 0.5 47 28 5.1 -3.4
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 47 3.0 -5.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 71 6.7 -1.8
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.5 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.0 -3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.3 -2.2
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 55 4.7 -3.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -5 11.2 +2.7
VYMI Vanguard International High Dividend Yield ETF 0.4 17 58 7.9 -0.6
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 6.8 -1.8
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 40 3.5 -5.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 6.1 -2.5
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -14 4.5 -4.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 6.4 -2.2
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 0.9 -7.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 37 3.9 -4.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 0 4.9 -3.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 46 7.2 -1.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 18 57 3.2 -5.4
SETM Sprott Energy Transition Materials ETF 0.4 65 10 1.4 -7.1
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 65 4.0 -4.5
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 60 5.3 -3.2
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 4.2 -4.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.5 -4.0
FXO First Trust Financials AlphaDEX Fund 0.3 62 13 8.3 -0.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 33 7.5 -1.1
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 60 5.2 -3.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 36 7.9 -0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.1 -3.4
VXUS Vanguard Total International Stock ETF 0.3 5 70 6.6 -1.9
GLOF iShares Global Equity Factor ETF 0.3 20 55 5.7 -2.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 4.4 -4.2
VSGX Vanguard ESG International Stock ETF 0.3 10 65 6.7 -1.9
ECON Columbia Emerging Markets Consumer ETF 0.3 49 26 7.0 -1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 55 5.7 -2.9
ACWI iShares MSCI ACWI ETF 0.3 32 43 4.8 -3.8
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 4.4 -4.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.3 -4.2
VT Vanguard Total World Stock ETF 0.3 6 69 5.1 -3.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.0 -5.5
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 57 0.0 -8.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 63 4.5 -4.0
AVUS Avantis U.S. Equity ETF 0.3 15 60 4.9 -3.6
AVUQ Avantis U.S. Quality ETF 0.3 15 60 3.6 -4.9
EXI iShares Global Industrials ETF 0.2 42 33 3.5 -5.1
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.0 -2.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.5 -4.0
JGRO JPMorgan Active Growth ETF 0.2 44 31 2.5 -6.1
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 65 3.8 -4.7
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.5 -3.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.4 -4.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.5 -5.0
SCHY Schwab International Dividend Equity ETF 0.2 14 61 8.1 -0.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.5 -4.0
LRGF iShares U.S. Equity Factor ETF 0.2 8 67 4.8 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.9 -3.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.2 -0.4
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.7 -2.8
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.6 -4.9
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 50 4.7 -3.9
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 3.9 -4.7
GEW Cambria Global EW ETF 0.2 29 46 5.4 -3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 7.7 -0.8
ILCG iShares Morningstar Growth ETF 0.2 4 71 3.2 -5.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 8.0 -0.6
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 3.6 -5.0
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 3.6 -4.9
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.5 -4.1
RVRB Reverb ETF 0.2 30 45 4.0 -4.5
IWF iShares Russell 1000 Growth ETF 0.2 19 56 3.5 -5.0
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.6 -2.9
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.3 -4.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 33 4.0 -4.6
PBUS Invesco MSCI USA ETF 0.2 4 71 4.3 -4.2
STXK Strive Small-Cap ETF 0.2 18 57 5.3 -3.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 4.3 -4.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 4.3 -4.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.2 -4.3
VOTE TCW Transform 500 ETF 0.2 5 70 4.3 -4.3
DFAI Dimensional International Core Equity Market ETF 0.2 18 57 5.9 -2.6
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.6 -2.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.3 -4.2
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.9 -2.7
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 72 4.3 -4.3
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 0 7.6 -0.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.4 -2.1
GXLC Global X U.S. 500 ETF 0.1 2 73 4.2 -4.3
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.1 -3.4
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 28 5.2 -3.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.5 -4.0
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.3 -2.3
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.5 -1.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.1 -3.5
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.4 -4.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.2 -2.4
IWL iShares Russell Top 200 ETF 0.1 15 60 4.0 -4.5
ILCV iShares Morningstar Value ETF 0.1 4 71 5.5 -3.1
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.0 -2.5
URTH iShares MSCI World ETF 0.1 24 51 4.4 -4.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 5.1 -3.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 5.9 -2.7
DAK Dakota Active Equity ETF 0.1 43 32 3.9 -4.7
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.3 -4.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.2 -2.3
IWB iShares Russell 1000 ETF 0.1 15 60 4.3 -4.2
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.4 -4.2
IWV iShares Russell 3000 ETF 0.1 20 55 4.2 -4.4
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.3 -4.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.2 -3.4
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.5 -2.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.1 -2.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.1 -2.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 2.4 -6.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.6 -1.9
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.9 -3.6
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 33 3.7 -4.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 5.9 -2.6
FBCG Fidelity Blue Chip Growth ETF 0.0 59 16 2.2 -6.3
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 14 6.3 -2.2
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.3 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 8.1 -0.5
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.4 -3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 6.9 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 5.9 -2.6
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.5 -2.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.9 -2.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.9 -2.6
USEW Cambria US EW ETF 0.0 30 45 4.2 -4.3
GVLU Gotham 1000 Value ETF 0.0 50 25 8.3 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.9 -4.6
EBI Longview Advantage ETF 0.0 35 40 6.1 -2.4

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.52
 
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.