Global X Brazil Active ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x 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) $10
Currency USD
Expense ratio 75 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Active
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
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 13.9 %
ITAU UNIBANCO HLDNG-PREF ADR 11.8 %
NU HOLDINGS LTD. CLASS A 11.6 %
VALE SA-SP ADR 6.7 %
BANCO BTG PACTUAL SA UNITS CONS OF 5.2 %
ITAUSA-INVESTIMENTOS ITAU-PR 5.1 %
BANCO BRADESCO-ADR 5.1 %
CENTRAIS ELEC BRAS-SP ADR CM 4.7 %
CIA PARANAENSE DE ENER-ADR 3.9 %
BM&FBOVESPA SA 3.6 %
Total 71.4 %

TOP COUNTRY EXPOSURE
BRAZIL 78.2 %
CAYMAN ISLANDS 11.6 %
UNITED STATES 5.3 %
CANADA 3.4 %
ARGENTINA 1.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.9% 37.6% -- -- 43.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 26%
MSCI EAFE 1.00 38%
MSCI Emg. Mkts. 0.76 39%

Technical Indicators
Recent close $30.56
30d moving avg. $29.36
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.67%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 333 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
(%)
EWZ iShares MSCI Brazil ETF 27.6 58 17 10.6 +0.3
OTGL OTG Latin America ETF 19.0 269 -194 7.7 -2.6
FLBR Franklin FTSE Brazil ETF 18.0 19 56 11.8 +1.5
FLLA Franklin FTSE Latin America ETF 11.2 19 56 10.6 +0.3
FLN First Trust Latin America AlphaDEX Fund 10.6 80 -5 9.9 -0.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.5 86 -11 0.2 -10.1
EMIF iShares Emerging Markets Infrastructure ETF 7.8 60 15 2.9 -7.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.4 86 -11 13.0 +2.7
EV Mast Global Battery Recycling & Production ETF 6.9 65 10 6.4 -4.0
MEM Matthews Emerging Markets Equity Active ETF 6.8 79 -4 8.4 -1.9
SLX VanEck Steel ETF 6.1 56 19 10.7 +0.4
XC WisdomTree Emerging Markets Ex-China Fund 5.1 32 43 6.4 -3.9
JADE JPMorgan Active Developing Markets Equity ETF 5.0 65 10 6.0 -4.4
AADR AdvisorShares Dorsey Wright ADR ETF 4.7 110 -35 3.1 -7.2
CGXU Capital Group International Focus Equity ETF 4.6 54 21 3.8 -6.5
GPT Intelligent Alpha Atlas ETF 4.4 69 6 6.0 -4.3
EMC Global X Emerging Markets Great Consumer ETF 4.3 75 0 7.1 -3.2
EWZS iShares MSCI Brazil Small-Cap ETF 4.2 59 16 11.7 +1.4
BPAY BlackRock Future Financial and Technology ETF 4.2 70 5 5.1 -5.3
TIIV AAM Todd International Intrinsic Value ETF 4.2 54 21 9.5 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 42 6.7 -3.7
AOTG AOT Growth and Innovation ETF 4.0 75 0 1.2 -9.2
DVYE iShares Emerging Markets Dividend ETF 3.9 49 26 18.0 +7.7
LOUP Innovator Deepwater Frontier Tech ETF 3.8 70 5 0.8 -9.5
BLOK Amplify Transformational Data Sharing ETF 3.7 75 0 -0.1 -10.4
ABLD Abacus FCF Real Assets Leaders ETF 3.5 69 6 6.8 -3.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.4 60 15 6.7 -3.6
DINT Davis Select International ETF 3.3 55 20 6.0 -4.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.2 33 42 6.0 -4.3
SMOG VanEck Low Carbon Energy ETF 3.2 61 14 1.3 -9.0
ICOP iShares Copper and Metals Mining ETF 3.2 47 28 5.8 -4.5
ARKF ARK Fintech Innovation ETF 3.2 75 0 0.2 -10.1
GVIP Goldman Sachs Hedge Industry VIP ETF 3.2 45 30 2.3 -8.0
BKF iShares MSCI BIC ETF 3.1 69 6 14.8 +4.5
GNR SPDR S&P Global Natural Resources ETF 3.0 40 35 8.8 -1.5
BRF VanEck Brazil Small-Cap ETF 3.0 66 9 11.3 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 27 8.6 -1.8
NDIV Amplify Natural Resources Dividend Income ETF 2.9 59 16 11.8 +1.5
FTHF First Trust Emerging Markets Human Flourishing ETF 2.8 75 0 5.7 -4.6
FDFF Fidelity Disruptive Finance ETF 2.8 50 25 5.2 -5.1
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 31 7.6 -2.7
BITQ Bitwise Crypto Industry Innovators ETF 2.6 85 -10 -2.2 -12.5
BJK VanEck Gaming ETF 2.5 65 10 4.5 -5.8
SPEM SPDR Portfolio Emerging Markets ETF 2.5 7 68 9.4 -0.9
COPJ Sprott Junior Copper Miners ETF 2.4 75 0 -1.4 -11.7
FRDM Freedom 100 Emerging Markets ETF 2.3 49 26 5.3 -5.0
AVEM Avantis Emerging Markets Equity ETF 2.3 33 42 7.0 -3.3
HAP VanEck Natural Resources ETF 2.3 50 25 6.9 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 36 39 6.0 -4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 7.4 -2.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 15 10.8 +0.5
ICLN iShares Global Clean Energy ETF 2.0 41 34 1.9 -8.4
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 -5 8.9 -1.4
AVES Avantis Emerging Markets Value ETF 2.0 36 39 9.0 -1.3
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.0 45 30 -0.0 -10.3
MID American Century Mid Cap Growth Impact ETF 1.9 45 30 2.9 -7.4
IPAV Global X Infrastructure Development ex-U.S. ETF 1.9 55 20 6.0 -4.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.9 53 22 5.0 -5.3
MXI iShares Global Materials ETF 1.7 41 34 6.2 -4.2
COPA Themes Copper Miners ETF 1.7 35 40 3.2 -7.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.7 32 43 4.8 -5.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.7 75 0 6.2 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.6 30 45 7.6 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 1.6 16 59 6.6 -3.7
BINV Brandes International ETF 1.6 70 5 8.5 -1.8
AUAU Global X Gold Miners ETF 1.5 35 40 3.1 -7.3
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 42 6.6 -3.7
SDIV Global X Superdividend ETF 1.5 58 17 13.7 +3.4
CGV Conductor Global Equity Value ETF 1.5 130 -55 7.9 -2.4
XCNY SPDR S&P Emerging Markets ex-China ETF 1.5 15 60 5.6 -4.7
PNQI Invesco NASDAQ Internet ETF 1.5 60 15 3.8 -6.5
BUYZ Franklin Disruptive Commerce ETF 1.5 50 25 2.4 -7.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.5 60 15 8.9 -1.4
ONLN ProShares Online Retail ETF 1.5 58 17 1.3 -9.0
OSEA Harbor International Compounders ETF 1.5 55 20 4.4 -5.9
PCGG Polen Capital Global Growth ETF 1.5 85 -10 4.0 -6.4
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 27 2.5 -7.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.5 58 17 3.1 -7.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 15 4.2 -6.1
ARGT Global X MSCI Argentina ETF 1.5 59 16 3.2 -7.1
EBIZ Global X E-Commerce ETF 1.5 50 25 4.6 -5.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.5 20 55 4.1 -6.2
TMFG Motley Fool Global Opportunities ETF 1.5 85 -10 3.7 -6.6
CLOD Themes Cloud Computing ETF 1.5 35 40 3.1 -7.2
MVPA Miller Value Partners Appreciation ETF 1.5 60 15 9.7 -0.6
TOGA Tremblant Global ETF 1.5 69 6 -0.2 -10.5
USRD Themes US R&D Champions ETF 1.5 29 46 3.8 -6.5
BCOR Grayscale Bitcoin Adopters ETF 1.5 59 16 2.0 -8.3
LOGO Alpha Brands Consumption Leaders ETF 1.5 69 6 2.6 -7.7
GKAT Scharf Global Opportunity ETF 1.5 57 18 5.8 -4.5
CDIG City Different Investments Global Equity ETF 1.5 75 0 -1.6 -11.9
VUSG Vanguard Wellington U.S. Growth Active ETF 1.5 35 40 2.5 -7.8
LGCF Themes US Cash Flow Champions ETF 1.4 30 45 7.1 -3.2
XCEM Columbia EM Core ex-China ETF 1.4 16 59 4.9 -5.4
APIE ActivePassive International Equity ETF 1.4 45 30 6.3 -4.0
COPX Global X Copper Miners ETF 1.4 65 10 4.5 -5.8
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 2.8 -7.5
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 17 6.6 -3.7
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 50 5.0 -5.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 24 51 5.1 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 60 8.8 -1.5
TTAI FCF International Quality ETF 1.3 59 16 6.9 -3.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 3.6 -6.7
GDX VanEck Gold Miners ETF 1.3 51 24 3.5 -6.9
SIL Global X Silver Miners ETF 1.3 65 10 2.1 -8.2
BGRO iShares Large Cap Growth Active ETF 1.3 55 20 1.9 -8.4
IGE iShares North American Natural Resources ETF 1.3 41 34 5.9 -4.4
FFF Founders 100 ETF 1.3 75 0 2.4 -7.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.3 8 67 4.4 -5.9
WRND IQ Global Equity R&D Leaders ETF 1.3 18 57 4.0 -6.3
VEXC Vanguard Emerging Markets Ex-China ETF 1.2 7 68 5.6 -4.7
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.2 25 50 3.6 -6.7
ISHP First Trust Nasdaq Retail ETF 1.2 60 15 5.4 -4.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 9 7.2 -3.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.2 58 17 3.5 -6.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.2 49 26 7.5 -2.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 7.9 -2.4
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 9.8 -0.5
VCR Vanguard Consumer Discretionary ETF 1.1 9 66 4.4 -5.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 39 7.6 -2.7
VRAI Virtus Real Asset Income ETF 1.1 55 20 8.2 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.1 44 31 9.5 -0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 34 6.9 -3.4
FFND Future Fund Active ETF 1.1 100 -25 4.3 -6.0
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 13.5 +3.2
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 40 7.0 -3.4
ESGE iShares ESG Aware MSCI EM ETF 1.1 25 50 8.2 -2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 45 7.9 -2.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.1 18 57 5.1 -5.2
EEM iShares MSCI Emerging Markets ETF 1.1 69 6 7.8 -2.5
GURU Global X Guru Index ETF 1.1 75 0 2.3 -8.0
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.1 69 6 7.4 -2.9
FFOX FundX Future Fund Opportunities ETF 1.1 100 -25 2.4 -7.9
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.5 -5.8
DFEV Dimensional Emerging Markets Value ETF 1.0 43 32 9.3 -1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 37 7.0 -3.3
TMAT Main Thematic Innovation ETF 1.0 164 -89 -1.9 -12.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 3.4 -6.9
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 20 6.6 -3.7
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 66 8.2 -2.1
WWJD Inspire International ETF 1.0 80 -5 6.4 -4.0
FEOE First Eagle Overseas Equity ETF 0.9 79 -4 6.1 -4.2
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 58 12.8 +2.5
IXG iShares Global Financials ETF 0.9 42 33 5.9 -4.4
IXC iShares Global Energy ETF 0.9 44 31 7.6 -2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.9 -1.4
STXE Strive Emerging Markets Ex-China ETF 0.9 32 43 5.2 -5.2
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.9 49 26 2.8 -7.5
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.0 -6.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 4.8 -5.5
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 68 9.1 -1.2
YNOT Horizon Digital Frontier ETF 0.9 75 0 2.6 -7.7
SCHE Schwab Emerging Markets Equity ETF 0.9 11 64 9.4 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 30 8.0 -2.3
ARKW ARK Next Generation Internet ETF 0.9 87 -12 0.6 -9.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 13.7 +3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 25 8.3 -2.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.8 20 55 0.8 -9.5
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -14 4.2 -6.1
GOEX Global X Gold Explorers ETF 0.8 65 10 2.5 -7.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 0 1.8 -8.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 30 9.7 -0.6
GDXJ VanEck Junior Gold Miners ETF 0.8 52 23 3.4 -6.9
JETS U.S. Global Jets ETF 0.8 60 15 2.3 -8.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 60 7.9 -2.4
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 46 3.7 -6.6
FEGE First Eagle Global Equity ETF 0.8 79 -4 6.1 -4.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 55 12.9 +2.6
FITE State Street SPDR S&P Kensho Future Security ETF 0.8 45 30 1.0 -9.3
TRFM AAM Transformers ETF 0.8 49 26 0.9 -9.4
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 50 8.9 -1.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 12 10.3 0.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.7 95 -20 10.0 -0.3
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 45 6.4 -3.9
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.7 45 30 -1.5 -11.8
FFOG Franklin Focused Growth ETF 0.7 61 14 1.6 -8.7
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 3.1 -7.2
IYF iShares U.S. Financials ETF 0.6 40 35 5.4 -4.9
IBUY Amplify Online Retail ETF 0.6 65 10 2.2 -8.1
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.6 40 35 2.9 -7.4
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.7 -6.6
NULC Nuveen ESG Large-Cap ETF 0.6 21 54 3.9 -6.4
EYLD Cambria Emerging Shareholder Yield ETF 0.6 66 9 9.0 -1.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 50 10.4 +0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 16 8.5 -1.8
QQQ Invesco QQQ Trust Series I 0.6 20 55 3.2 -7.1
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 3.2 -7.1
GVAL Cambria Global Value ETF 0.5 68 7 8.5 -1.8
CGIE Capital Group International Equity ETF 0.5 54 21 4.6 -5.7
EMM Global X Emerging Markets ex-China ETF 0.5 75 0 4.7 -5.6
BLES Inspire Global Hope ETF 0.5 61 14 5.7 -4.6
FPXI First Trust International Equity Opportunities ETF 0.5 70 5 3.7 -6.6
VIDI Vident International Equity Strategy ETF 0.5 61 14 8.2 -2.1
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 47 2.8 -7.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 5.9 -4.4
DRNZ REX Drone ETF 0.4 65 10 -1.9 -12.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 6.3 -4.0
IGRO iShares International Dividend Growth ETF 0.4 15 60 6.6 -3.7
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 39 4.1 -6.2
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 55 4.3 -6.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 5 6.6 -3.8
GII SPDR S&P Global Infrastructure ETF 0.4 40 35 4.2 -6.1
IGF iShares Global Infrastructure ETF 0.4 41 34 4.2 -6.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.3 -4.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 26 7.3 -3.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 8.5 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 46 6.5 -3.8
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 7.1 -3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.4 -3.9
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 6.5 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 66 4.8 -5.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 6.7 -3.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -13 7.9 -2.4
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 68 6.6 -3.8
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 7.9 -2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 50 6.1 -4.2
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 60 5.3 -5.0
SETM Sprott Energy Transition Materials ETF 0.3 65 10 1.9 -8.4
BUZZ VanEck Social Sentiment ETF 0.3 75 0 -0.7 -11.0
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 4.9 -5.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 0 4.8 -5.5
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 1.0 -9.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 33 7.7 -2.6
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 65 3.7 -6.6
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 40 3.3 -7.0
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 3.0 -7.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.1 -6.2
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 3.9 -6.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 4.0 -6.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 4.2 -6.1
FXO First Trust Financials AlphaDEX Fund 0.3 62 13 7.7 -2.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 3.8 -6.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.4 -1.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 54 2.9 -7.4
VXUS Vanguard Total International Stock ETF 0.2 5 70 6.6 -3.7
GLOF iShares Global Equity Factor ETF 0.2 20 55 5.5 -4.8
GVLU Gotham 1000 Value ETF 0.2 50 25 8.2 -2.1
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.5 -3.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 8.5 -1.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 5.7 -4.6
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 65 4.2 -6.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.2 -6.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.3 -6.0
ACWI iShares MSCI ACWI ETF 0.2 32 43 4.6 -5.7
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 66 4.1 -6.2
VT Vanguard Total World Stock ETF 0.2 6 69 5.0 -5.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.4 -5.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.5 -6.8
FRGN Horizon International Equity ETF 0.2 75 0 7.7 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 0 8.0 -2.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.6 -4.7
EXI iShares Global Industrials ETF 0.2 42 33 3.6 -6.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.4 -4.9
SCHY Schwab International Dividend Equity ETF 0.2 14 61 8.4 -1.9
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.4 -4.9
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.7 -3.6
GGRW Gabelli Growth Innovators ETF 0.2 90 -15 2.0 -8.3
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.3 -6.1
RVRB Reverb ETF 0.2 30 45 3.8 -6.5
LRGF iShares U.S. Equity Factor ETF 0.2 8 67 4.6 -5.8
GEW Cambria Global EW ETF 0.2 29 46 5.3 -5.0
AVUS Avantis U.S. Equity ETF 0.2 15 60 4.7 -5.7
PBUS Invesco MSCI USA ETF 0.2 4 71 4.2 -6.2
GWX SPDR S&P International Small Cap ETF 0.2 40 35 6.0 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.7 -5.6
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.5 -4.9
USEW Cambria US EW ETF 0.1 30 45 4.1 -6.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 36 8.5 -1.8
ILCG iShares Morningstar Growth ETF 0.1 4 71 3.1 -7.3
IWY iShares Russell Top 200 Growth ETF 0.1 20 55 3.6 -6.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 10 3.4 -7.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 73 4.1 -6.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 75 4.1 -6.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 68 4.1 -6.3
VOTE TCW Transform 500 ETF 0.1 5 70 4.1 -6.2
GINX SGI Enhanced Global Income ETF 0.1 98 -23 6.6 -3.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 67 4.4 -6.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 64 4.1 -6.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.0 -5.3
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 60 4.1 -6.2
VONG Vanguard Russell 1000 Growth ETF 0.1 7 68 3.6 -6.7
IWF iShares Russell 1000 Growth ETF 0.1 19 56 14.6 +4.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 5.0 -5.3
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 6.0 -4.3
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 28 5.2 -5.1
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 72 4.1 -6.2
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 57 0.0 -10.3
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.2 -4.1
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.9 -2.4
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 60 4.8 -5.5
GXLC Global X U.S. 500 ETF 0.1 2 73 4.0 -6.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.4 -3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.4 -5.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.5 -3.8
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.2 -4.2
STXK Strive Small-Cap ETF 0.1 18 57 5.0 -5.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.8 -5.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.3 -5.0
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.3 -6.0
ILCV iShares Morningstar Value ETF 0.1 4 71 5.3 -5.0
URTH iShares MSCI World ETF 0.1 24 51 4.3 -6.0
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 6.1 -4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.1 -5.2
IWL iShares Russell Top 200 ETF 0.1 15 60 3.8 -6.5
DAK Dakota Active Equity ETF 0.1 43 32 3.7 -6.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.1 -4.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 2.1 -8.2
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.1 -6.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 5.9 -4.4
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.2 -6.1
IWB iShares Russell 1000 ETF 0.1 15 60 4.1 -6.2
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.1 -6.2
IWV iShares Russell 3000 ETF 0.1 20 55 4.0 -6.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.2 -4.1
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.6 -3.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.7 -5.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 4.8 -5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 6.1 -4.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 6.8 -3.5
JGRO JPMorgan Active Growth ETF 0.0 44 31 2.5 -7.8
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 33 3.5 -6.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 8.5 -1.8
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.1 -3.2
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.3 -5.0
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 62 1.6 -8.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.0 -3.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.0 -4.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.4 -4.0
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 6.0 -4.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.9 -4.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.5 -4.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.7 -6.6
EBI Longview Advantage ETF 0.0 35 40 5.9 -4.5

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 1.4 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		 1.46 CATEGORY
AVERAGE		 1.53
 
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.