Global X Brazil Active ETF
ALTAR
Score™		 9.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 10.5x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 3.1%


  • 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 12.1 %
ITAU UNIBANCO HLDNG-PREF ADR 11.9 %
NU HOLDINGS LTD. CLASS A 11.4 %
VALE SA-SP ADR 7.2 %
BANCO BRADESCO-ADR 6.1 %
ITAUSA-INVESTIMENTOS ITAU-PR 5.1 %
CENTRAIS ELEC BRAS-SP ADR CM 4.9 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.5 %
BM&FBOVESPA SA 3.8 %
CIA PARANAENSE DE ENER-ADR 3.7 %
Total 70.6 %

TOP COUNTRY EXPOSURE
BRAZIL 78.6 %
CAYMAN ISLANDS 11.5 %
UNITED STATES 5.0 %
CANADA 3.5 %
ARGENTINA 1.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
20.9% 68.7% -- -- 53.1%

Market Correlations
versus... Beta R-squared
S&P500 0.70 31%
MSCI EAFE 0.94 41%
MSCI Emg. Mkts. 0.91 47%

Technical Indicators
Recent close $33.04
30d moving avg. $32.08
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.4%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 364 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™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BRAZ
Ticker Fund
Name		 Overlap1
vs BRAZ
(%)		 Expense
ratio
(bp)		 Savings
vs BRAZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BRAZ
(%)
EWZ iShares MSCI Brazil ETF 30.6 58 17 9.5 +0.4
OTGL OTG Latin America ETF 18.8 269 -194 6.8 -2.3
FLBR Franklin FTSE Brazil ETF 16.7 19 56 10.7 +1.6
FLN First Trust Latin America AlphaDEX Fund 10.0 80 -5 9.1 -0.0
FLLA Franklin FTSE Latin America ETF 9.8 19 56 9.7 +0.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.0 86 -11 0.2 -9.0
SLX VanEck Steel ETF 7.2 56 19 10.5 +1.4
EV Mast Global Battery Recycling & Production ETF 6.9 65 10 6.2 -2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.7 86 -11 10.9 +1.8
AOTG AOT Growth and Innovation ETF 5.8 75 0 1.5 -7.6
EMC Global X Emerging Markets Great Consumer ETF 5.8 75 0 7.2 -1.9
NDIV Amplify Natural Resources Dividend Income ETF 5.5 59 16 11.7 +2.6
FTHF First Trust Emerging Markets Human Flourishing ETF 5.4 75 0 6.0 -3.1
JADE JPMorgan Active Developing Markets Equity ETF 5.3 65 10 6.1 -3.0
MEM Matthews Emerging Markets Equity Active ETF 5.0 79 -4 8.4 -0.7
EMIF iShares Emerging Markets Infrastructure ETF 4.9 60 15 2.4 -6.8
TIIV AAM Todd International Intrinsic Value ETF 4.6 54 21 9.3 +0.2
BLOK Amplify Transformational Data Sharing ETF 4.4 75 0 -0.1 -9.2
BPAY BlackRock Future Financial and Technology ETF 4.0 70 5 5.6 -3.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 15 6.2 -2.9
LOUP Innovator Deepwater Frontier Tech ETF 3.8 70 5 1.1 -8.0
SMOG VanEck Low Carbon Energy ETF 3.8 61 14 1.2 -7.9
EWZS iShares MSCI Brazil Small-Cap ETF 3.8 59 16 9.8 +0.7
ICOP iShares Copper and Metals Mining ETF 3.7 47 28 4.8 -4.3
XC WisdomTree Emerging Markets Ex-China Fund 3.6 32 43 5.8 -3.3
BRF VanEck Brazil Small-Cap ETF 3.6 66 9 9.4 +0.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 42 6.8 -2.3
CGXU Capital Group International Focus Equity ETF 3.5 54 21 3.8 -5.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.4 33 42 6.3 -2.8
ARKF ARK Fintech Innovation ETF 3.4 75 0 0.3 -8.9
FRDM Freedom 100 Emerging Markets ETF 3.3 49 26 5.5 -3.6
GNR SPDR S&P Global Natural Resources ETF 3.3 40 35 7.9 -1.2
BKF iShares MSCI BIC ETF 3.3 69 6 13.0 +3.9
SPEM SPDR Portfolio Emerging Markets ETF 2.9 7 68 9.2 +0.1
HAP VanEck Natural Resources ETF 2.8 50 25 6.3 -2.8
SDIV Global X Superdividend ETF 2.8 58 17 12.8 +3.7
FEM First Trust Emerging Markets AlphaDEX Fund 2.7 80 -5 8.8 -0.3
FDFF Fidelity Disruptive Finance ETF 2.7 50 25 5.4 -3.8
DINT Davis Select International ETF 2.6 55 20 5.8 -3.3
FFF Founders 100 ETF 2.6 75 0 2.7 -6.4
COPJ Sprott Junior Copper Miners ETF 2.6 75 0 -1.3 -10.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.5 45 30 0.0 -9.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.5 30 45 7.8 -1.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.4 60 15 9.3 +0.2
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 59 7.0 -2.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.3 53 22 5.3 -3.8
AVES Avantis Emerging Markets Value ETF 2.2 36 39 8.5 -0.6
BITQ Bitwise Crypto Industry Innovators ETF 2.2 85 -10 -2.4 -11.5
AVEM Avantis Emerging Markets Equity ETF 2.1 33 42 7.1 -2.0
COPA Themes Copper Miners ETF 2.1 35 40 2.7 -6.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.0 32 43 7.5 -1.6
MXI iShares Global Materials ETF 1.9 41 34 5.4 -3.7
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 50 5.3 -3.8
ICLN iShares Global Clean Energy ETF 1.9 41 34 2.0 -7.1
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 60 5.7 -3.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.8 75 0 6.3 -2.9
APIE ActivePassive International Equity ETF 1.7 45 30 6.1 -3.0
FXO First Trust Financials AlphaDEX Fund 1.7 62 13 8.2 -0.9
GPT Intelligent Alpha Atlas ETF 1.7 69 6 6.1 -3.0
TMAT Main Thematic Innovation ETF 1.6 164 -89 -2.0 -11.1
CGV Conductor Global Equity Value ETF 1.6 130 -55 6.9 -2.2
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 46 3.8 -5.3
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 39 6.1 -3.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.5 32 43 4.9 -4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.5 15 60 8.8 -0.3
COPX Global X Copper Miners ETF 1.5 65 10 3.4 -5.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.5 24 51 5.4 -3.7
VEXC Vanguard Emerging Markets Ex-China ETF 1.5 7 68 5.7 -3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.5 30 45 8.1 -1.0
EEM iShares MSCI Emerging Markets ETF 1.4 69 6 7.8 -1.3
AVSE Avantis Responsible Emerging Markets Equity ETF 1.4 33 42 6.7 -2.4
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 17 4.7 -4.4
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 31 7.7 -1.4
DFEV Dimensional Emerging Markets Value ETF 1.4 43 32 9.7 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.4 41 34 6.8 -2.3
AUAU Global X Gold Miners ETF 1.4 35 40 1.7 -7.4
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 40 7.0 -2.1
ESGE iShares ESG Aware MSCI EM ETF 1.3 25 50 8.3 -0.8
TTAI FCF International Quality ETF 1.3 59 16 6.5 -2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 4.0 -5.1
WRND IQ Global Equity R&D Leaders ETF 1.3 18 57 4.1 -5.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.3 58 17 3.5 -5.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 9 7.5 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 66 8.2 -0.9
XCEM Columbia EM Core ex-China ETF 1.2 16 59 5.1 -4.0
STXE Strive Emerging Markets Ex-China ETF 1.2 32 43 5.5 -3.6
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 34 5.0 -4.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 7.9 -1.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.2 38 37 7.0 -2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 39 7.7 -1.5
IXG iShares Global Financials ETF 1.2 42 33 6.3 -2.8
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 10.0 +0.9
LDEM iShares ESG MSCI EM Leaders ETF 1.1 17 58 11.6 +2.5
AADR AdvisorShares Dorsey Wright ADR ETF 1.1 110 -35 2.4 -6.7
BINV Brandes International ETF 1.1 70 5 8.0 -1.1
FITE State Street SPDR S&P Kensho Future Security ETF 1.1 45 30 1.3 -7.8
FFOX FundX Future Fund Opportunities ETF 1.1 100 -25 2.3 -6.8
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.1 20 55 0.9 -8.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 13.1 +4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 8 11.9 +2.8
GDX VanEck Gold Miners ETF 1.1 51 24 1.9 -7.2
SIL Global X Silver Miners ETF 1.1 65 10 1.0 -8.1
IGE iShares North American Natural Resources ETF 1.1 41 34 5.3 -3.8
ABLD Abacus FCF Real Assets Leaders ETF 1.1 69 6 5.8 -3.4
FEOE First Eagle Overseas Equity ETF 1.1 79 -4 5.7 -3.4
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 50 9.0 -0.1
VRAI Virtus Real Asset Income ETF 1.1 55 20 8.6 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -20 10.1 +1.0
TIME Clockwise Core Equity & Innovation ETF 1.1 95 -20 2.2 -6.9
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 20 6.1 -3.1
WWJD Inspire International ETF 1.0 80 -5 6.0 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 36 13.4 +4.3
FMET Fidelity Metaverse ETF 1.0 39 36 4.7 -4.4
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.0 45 30 -1.5 -10.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 55 -0.2 -9.3
TRFM AAM Transformers ETF 1.0 49 26 1.1 -8.0
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 68 8.9 -0.2
FXL First Trust Technology AlphaDEX Fund 1.0 61 14 6.1 -3.1
JETS U.S. Global Jets ETF 1.0 60 15 2.3 -6.8
VERS ProShares Metaverse ETF 1.0 58 17 0.6 -8.5
SCHE Schwab Emerging Markets Equity ETF 1.0 11 64 9.2 +0.1
MID American Century Mid Cap Growth Impact ETF 1.0 45 30 2.8 -6.3
FFND Future Fund Active ETF 1.0 100 -25 4.3 -4.8
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 0 4.3 -4.8
PNQI Invesco NASDAQ Internet ETF 0.9 60 15 3.6 -5.5
BUYZ Franklin Disruptive Commerce ETF 0.9 50 25 2.3 -6.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.9 8 67 4.3 -4.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.9 75 0 2.3 -6.8
GVIP Goldman Sachs Hedge Industry VIP ETF 0.9 45 30 2.6 -6.5
ISHP First Trust Nasdaq Retail ETF 0.9 60 15 5.0 -4.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.9 60 15 8.4 -0.7
NULG Nuveen ESG Large-Cap Growth ETF 0.9 26 49 3.0 -6.1
ONLN ProShares Online Retail ETF 0.9 58 17 1.2 -7.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 40 3.7 -5.4
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.2 -4.9
OSEA Harbor International Compounders ETF 0.9 55 20 3.9 -5.2
CGIE Capital Group International Equity ETF 0.9 54 21 4.4 -4.8
FFOG Franklin Focused Growth ETF 0.9 61 14 1.7 -7.4
PCGG Polen Capital Global Growth ETF 0.9 85 -10 3.7 -5.4
ARKW ARK Next Generation Internet ETF 0.9 87 -12 0.8 -8.3
OGIG ALPS O'Shares Global Internet Giants ETF 0.9 48 27 2.5 -6.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 17 3.4 -5.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.9 60 15 3.8 -5.3
ARGT Global X MSCI Argentina ETF 0.9 59 16 3.3 -5.8
EBIZ Global X E-Commerce ETF 0.9 50 25 4.4 -4.7
GXPD Global X PureCap MSCI Consumer Discretionary ETF 0.9 25 50 3.5 -5.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 55 4.2 -4.9
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.9 40 35 3.5 -5.6
TMFG Motley Fool Global Opportunities ETF 0.9 85 -10 3.7 -5.4
CLOD Themes Cloud Computing ETF 0.9 35 40 3.6 -5.5
MVPA Miller Value Partners Appreciation ETF 0.9 60 15 10.3 +1.2
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.9 49 26 3.7 -5.4
TOGA Tremblant Global ETF 0.9 69 6 -0.2 -9.3
USRD Themes US R&D Champions ETF 0.9 29 46 4.2 -5.0
LGCF Themes US Cash Flow Champions ETF 0.9 30 45 7.3 -1.8
BCOR Grayscale Bitcoin Adopters ETF 0.9 59 16 1.9 -7.2
LOGO Alpha Brands Consumption Leaders ETF 0.9 69 6 2.5 -6.6
CDIG City Different Investments Global Equity ETF 0.9 75 0 -1.5 -10.6
ITOL Tema International Durable Quality ETF 0.9 60 15 4.7 -4.5
VCR Vanguard Consumer Discretionary ETF 0.9 9 66 4.3 -4.8
VUSG Vanguard Wellington U.S. Growth Active ETF 0.9 35 40 2.5 -6.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 25 8.0 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.3 -0.8
FEGE First Eagle Global Equity ETF 0.9 79 -4 5.6 -3.5
IYF iShares U.S. Financials ETF 0.9 40 35 5.7 -3.4
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 50 10.2 +1.1
IXC iShares Global Energy ETF 0.9 44 31 7.6 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 45 6.3 -2.9
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 9 9.1 -0.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.8 30 45 3.8 -5.3
FFTY Innovator IBD 50 ETF 0.8 80 -5 -0.1 -9.2
JIG JPMorgan International Growth ETF 0.8 55 20 3.5 -5.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 30 8.1 -1.0
HAPI Harbor Human Capital Factor US Large Cap ETF 0.8 36 39 4.2 -4.9
GINN Goldman Sachs Innovate Equity ETF 0.7 52 23 3.8 -5.3
GVAL Cambria Global Value ETF 0.7 68 7 8.7 -0.4
NULC Nuveen ESG Large-Cap ETF 0.7 21 54 4.1 -5.0
IBUY Amplify Online Retail ETF 0.7 65 10 2.2 -6.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 60 8.0 -1.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 31 8.8 -0.3
YNOT Horizon Digital Frontier ETF 0.7 75 0 2.8 -6.3
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 27 8.5 -0.6
GGRW Gabelli Growth Innovators ETF 0.7 90 -15 2.0 -7.1
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 3.5 -5.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 12 10.6 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 26 7.5 -1.6
QQQ Invesco QQQ Trust Series I 0.6 20 55 3.5 -5.6
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 3.5 -5.6
RGEF Rockefeller Global Equity ETF 0.6 55 20 3.9 -5.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 16 8.3 -0.8
FPXI First Trust International Equity Opportunities ETF 0.6 70 5 3.9 -5.2
DRNZ REX Drone ETF 0.5 65 10 -1.6 -10.7
VIDI Vident International Equity Strategy ETF 0.5 61 14 8.2 -1.0
BLES Inspire Global Hope ETF 0.5 61 14 5.7 -3.4
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 47 3.0 -6.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -4 4.4 -4.7
CGDG Capital Group Dividend Growers ETF 0.5 47 28 5.0 -4.2
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 55 4.7 -4.4
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 57 3.2 -5.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -5 11.1 +2.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 40 10.8 +1.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 57 4.9 -4.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.2 -2.9
EMM Global X Emerging Markets ex-China ETF 0.4 75 0 4.9 -4.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 50 6.3 -2.8
SUSA iShares MSCI USA ESG Select ETF 0.4 25 50 4.1 -5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 4.9 -4.2
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -14 4.5 -4.6
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.4 -2.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 4.1 -5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.2 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 6.0 -3.1
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -20 -0.5 -9.6
VYMI Vanguard International High Dividend Yield ETF 0.4 17 58 7.7 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 71 6.6 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 6.2 -2.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 0 4.8 -4.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 37 3.9 -5.2
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.0 -4.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 0.9 -8.2
IGRO iShares International Dividend Growth ETF 0.4 15 60 6.4 -2.7
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 6.3 -2.8
SETM Sprott Energy Transition Materials ETF 0.4 65 10 1.3 -7.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 36 7.9 -1.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.4 -4.7
GLOF iShares Global Equity Factor ETF 0.3 20 55 5.7 -3.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 33 7.4 -1.7
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 60 5.2 -4.0
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.0 -4.1
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.3 -4.8
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 4.3 -4.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 4.3 -4.8
BUZZ VanEck Social Sentiment ETF 0.3 75 0 -0.7 -9.8
ECON Columbia Emerging Markets Consumer ETF 0.3 49 26 6.9 -2.2
ACWI iShares MSCI ACWI ETF 0.3 32 43 4.7 -4.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 3.9 -5.3
VXUS Vanguard Total International Stock ETF 0.3 5 70 6.5 -2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 63 4.5 -4.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 54 3.1 -6.0
VT Vanguard Total World Stock ETF 0.3 6 69 5.1 -4.0
AVUS Avantis U.S. Equity ETF 0.3 15 60 4.9 -4.2
AVUQ Avantis U.S. Quality ETF 0.3 15 60 3.7 -5.4
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.4 -2.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.5 -4.6
EXI iShares Global Industrials ETF 0.2 42 33 3.4 -5.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.5 -4.6
JGRO JPMorgan Active Growth ETF 0.2 44 31 2.5 -6.7
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.6 -5.5
IGF iShares Global Infrastructure ETF 0.2 41 34 4.0 -5.1
LRGF iShares U.S. Equity Factor ETF 0.2 8 67 4.8 -4.3
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 57 0.0 -9.1
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.0 -5.1
AIQ Global X Artificial Intelligence & Technology ETF 0.2 68 7 3.3 -5.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.4 -4.7
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.3 -3.8
OPTZ Optimize Strategy Index ETF 0.2 50 25 3.9 -5.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.0 -1.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.5 -5.7
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 3.9 -5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.8 -4.3
ILCG iShares Morningstar Growth ETF 0.2 4 71 3.2 -5.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 5 6.2 -2.9
RVRB Reverb ETF 0.2 30 45 4.0 -5.1
GEW Cambria Global EW ETF 0.2 29 46 5.3 -3.8
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 3.6 -5.5
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 3.6 -5.5
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 50 4.7 -4.4
IWF iShares Russell 1000 Growth ETF 0.2 19 56 3.5 -5.6
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.5 -3.6
FRGN Horizon International Equity ETF 0.2 75 0 7.8 -1.3
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 63 7.2 -1.9
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.3 -4.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 7.5 -1.6
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 28 5.1 -4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 46 7.5 -1.6
VFVA Vanguard U.S. Value Factor ETF 0.2 13 62 9.5 +0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 7.5 -1.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.4 -4.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.5 -3.6
PBUS Invesco MSCI USA ETF 0.2 4 71 4.3 -4.8
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.4 -3.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 4.3 -4.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 4.3 -4.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.2 -4.9
VOTE TCW Transform 500 ETF 0.2 5 70 4.2 -4.9
DFAI Dimensional International Core Equity Market ETF 0.2 18 57 5.8 -3.4
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 4.2 -4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.3 -4.8
GXLC Global X U.S. 500 ETF 0.2 2 73 4.2 -4.9
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.8 -3.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 2.4 -6.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.5 -2.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 55 5.4 -3.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 5.4 -3.7
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.0 -4.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.0 -3.1
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 33 3.7 -5.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.5 -4.6
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 0 7.4 -1.7
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.4 -4.7
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.3 -4.9
IWL iShares Russell Top 200 ETF 0.1 15 60 4.0 -5.1
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.3 -1.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.0 -4.1
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.1 -3.0
ILCV iShares Morningstar Value ETF 0.1 4 71 5.3 -3.8
URTH iShares MSCI World ETF 0.1 24 51 4.4 -4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.0 -3.1
JHSC John Hancock Multifactor Small Cap ETF 0.1 42 33 6.0 -3.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 33 3.9 -5.2
STXK Strive Small-Cap ETF 0.1 18 57 5.2 -3.9
DAK Dakota Active Equity ETF 0.1 43 32 3.8 -5.3
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 5.9 -3.2
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.3 -4.8
IWB iShares Russell 1000 ETF 0.1 15 60 4.3 -4.8
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.1 -3.0
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 5.7 -3.4
IWV iShares Russell 3000 ETF 0.1 20 55 4.1 -5.0
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.3 -4.9
DFIS Dimensional International Small Cap ETF 0.1 39 36 5.8 -3.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.0 -4.1
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.3 -2.9
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 5.9 -3.2
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.9 -4.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 50 6.2 -2.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.4 -2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 5.7 -3.4
SFYX SoFi Next 500 ETF 0.0 0 75 5.0 -4.1
FBCG Fidelity Blue Chip Growth ETF 0.0 59 16 2.3 -6.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.0 61 14 6.3 -2.8
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.1 -2.0
DFAS Dimensional U.S. Small Cap ETF 0.0 26 49 5.6 -3.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 61 4.3 -4.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 7.5 -1.6
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.3 -3.8
SMMD iShares Russell 2500 ETF 0.0 15 60 5.7 -3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 6.6 -2.5
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.3 -3.8
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 6.1 -3.0
IWR iShares Russell Midcap ETF 0.0 19 56 5.4 -3.7
IYW iShares U.S. Technology ETF 0.0 40 35 3.5 -5.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 5.8 -3.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.3 -2.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 5.5 -3.6
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 35 4.0 -5.2
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 52 2.7 -6.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.8 -3.3
IWD iShares Russell 1000 Value ETF 0.0 19 56 5.5 -3.6
STXG Strive 1000 Growth ETF 0.0 18 57 3.3 -5.8
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 5.6 -3.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.4 -4.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.8 -3.3
USEW Cambria US EW ETF 0.0 30 45 4.2 -4.9
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 9.0 -0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 6.3 -2.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 47 8.7 -0.4
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.2 -4.9
STXV Strive 1000 Value ETF 0.0 18 57 6.8 -2.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.8 -4.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.9 -5.2
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -15 3.3 -5.8
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 50 4.9 -4.2
EBI Longview Advantage ETF 0.0 35 40 6.1 -3.1
GVLU Gotham 1000 Value ETF 0.0 50 25 7.9 -1.2

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

  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 15.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.1 %
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.