Global X Brazil Active ETF
ALTAR
Score™		 12.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.3x Div.
yield		 3.0%


  • 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) $7
Currency USD
Expense ratio 75 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $25,259
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
NU HOLDINGS LTD. CLASS A 12.8 %
ITAU UNIBANCO HLDNG-PREF ADR 11.6 %
PETROLEO BRASILEIRO S.A.-ADR 11.5 %
VALE SA-SP ADR 5.8 %
BANCO BRADESCO-ADR 5.7 %
ITAUSA-INVESTIMENTOS ITAU-PR 5.2 %
BANCO BTG PACTUAL SA UNITS CONS OF 5.0 %
CENTRAIS ELEC BRAS-SP ADR CM 4.0 %
WEG SA 3.8 %
CIA PARANAENSE ENER-SP ADR P 3.5 %
Total 68.8 %

TOP COUNTRY EXPOSURE
BRAZIL 79.6 %
CAYMAN ISLANDS 13.3 %
CANADA 4.3 %
LUXEMBOURG 1.7 %
ARGENTINA 1.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
36.4% 9.5% -- -- 49.5%

Market Correlations
versus... Beta R-squared
S&P500 0.60 11%
MSCI EAFE 0.60 13%
MSCI Emg. Mkts. 0.61 10%

Technical Indicators
Recent close $24.99
30d moving avg. $25.53
Annualized volatility 23.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 344 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™: 12.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BRAZ
Ticker Fund
Name		 Overlap1
vs BRAZ
(%)		 Expense
ratio
(bp)		 Savings
vs BRAZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BRAZ
(%)
ILF iShares Latin America 40 ETF 37.7 48 27 12.7 -0.2
EWZ iShares MSCI Brazil ETF 27.7 58 17 13.4 +0.6
FLBR Franklin FTSE Brazil ETF 13.4 19 56 14.8 +2.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.5 86 -11 0.5 -12.4
FLLA Franklin FTSE Latin America ETF 8.3 19 56 12.9 +0.1
FLN First Trust Latin America AlphaDEX Fund 8.0 80 -5 10.5 -2.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.1 86 -11 13.6 +0.8
EMC Global X Emerging Markets Great Consumer ETF 6.1 75 0 10.9 -2.0
AOTG AOT Growth and Innovation ETF 6.0 75 0 1.7 -11.2
EV Mast Global Battery Recycling & Production ETF 5.8 65 10 10.6 -2.3
SLX VanEck Steel ETF 5.8 56 19 14.4 +1.6
NDIV Amplify Natural Resources Dividend Income ETF 5.2 59 16 14.8 +2.0
LOUP Innovator Deepwater Frontier Tech ETF 4.8 70 5 1.1 -11.7
CGXU Capital Group International Focus Equity ETF 4.6 54 21 5.3 -7.5
MEM Matthews Emerging Markets Equity Active ETF 4.5 79 -4 7.6 -5.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.3 60 15 10.8 -2.1
BITQ Bitwise Crypto Industry Innovators ETF 4.1 85 -10 -2.0 -14.8
BLOK Amplify Transformational Data Sharing ETF 4.1 75 0 -0.4 -13.2
EMIF iShares Emerging Markets Infrastructure ETF 4.0 60 15 5.0 -7.8
BPAY BlackRock Future Financial and Technology ETF 4.0 70 5 8.0 -4.8
FTHF First Trust Emerging Markets Human Flourishing ETF 3.9 75 0 7.7 -5.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.6 33 42 8.4 -4.4
BRF VanEck Brazil Small-Cap ETF 3.6 66 9 11.7 -1.2
SMOG VanEck Low Carbon Energy ETF 3.2 61 14 1.6 -11.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.2 60 15 8.4 -4.4
HAP VanEck Natural Resources ETF 3.2 50 25 9.1 -3.8
GNR SPDR S&P Global Natural Resources ETF 3.1 40 35 10.8 -2.0
ARKF ARK Fintech Innovation ETF 3.0 75 0 -0.4 -13.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.9 33 42 9.7 -3.2
MID American Century Mid Cap Growth Impact ETF 2.8 45 30 3.3 -9.5
SPYA Twin Oak Endure ETF 2.6 80 -5 -2.1 -14.9
FRDM Freedom 100 Emerging Markets ETF 2.6 49 26 7.9 -4.9
EWZS iShares MSCI Brazil Small-Cap ETF 2.6 59 16 10.5 -2.4
CNRG SPDR S&P Kensho Clean Power ETF 2.5 45 30 0.6 -12.2
ICLN iShares Global Clean Energy ETF 2.4 41 34 4.4 -8.4
BKF iShares MSCI BIC ETF 2.3 69 6 13.5 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 2.3 7 68 10.3 -2.6
XC WisdomTree Emerging Markets Ex-China Fund 2.3 32 43 6.3 -6.5
AVEM Avantis Emerging Markets Equity ETF 2.3 33 42 8.4 -4.5
SIL Global X Silver Miners ETF 2.2 65 10 2.2 -10.7
GDX VanEck Gold Miners ETF 2.2 51 24 2.6 -10.2
FDFF Fidelity Disruptive Finance ETF 2.2 50 25 4.6 -8.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 8.8 -4.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.1 90 -15 6.9 -5.9
AADR AdvisorShares Dorsey Wright ADR ETF 2.1 110 -35 4.8 -8.1
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 59 8.3 -4.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 -5 11.3 -1.6
ABLD Abacus FCF Real Assets Leaders ETF 1.9 69 6 7.0 -5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 1.9 29 46 6.6 -6.2
AVES Avantis Emerging Markets Value ETF 1.9 36 39 10.9 -1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.9 53 22 7.6 -5.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 50 7.3 -5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.7 30 45 9.0 -3.8
IGE iShares North American Natural Resources ETF 1.7 41 34 7.4 -5.4
FMET Fidelity Metaverse ETF 1.7 39 36 4.5 -8.3
DINT Davis Select International ETF 1.6 55 20 7.9 -4.9
MXI iShares Global Materials ETF 1.5 41 34 7.4 -5.4
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 42 8.2 -4.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.4 58 17 4.4 -8.4
XCNY SPDR S&P Emerging Markets ex-China ETF 1.4 15 60 7.5 -5.3
SFYF SoFi Social 50 ETF 1.4 29 46 0.4 -12.5
JIG JPMorgan International Growth ETF 1.4 55 20 4.7 -8.2
APIE ActivePassive International Equity ETF 1.4 45 30 7.3 -5.5
FXO First Trust Financials AlphaDEX Fund 1.4 62 13 8.4 -4.4
EYLD Cambria Emerging Shareholder Yield ETF 1.3 66 9 12.5 -0.4
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 17 8.1 -4.7
TTAI FCF International Quality ETF 1.3 59 16 7.4 -5.4
COPX Global X Copper Miners ETF 1.3 65 10 5.8 -7.1
COPJ Sprott Junior Copper Miners ETF 1.3 75 0 1.6 -11.2
COPA Themes Copper Miners ETF 1.3 35 40 4.7 -8.2
ARGT Global X MSCI Argentina ETF 1.3 59 16 5.2 -7.7
EBIZ Global X E-Commerce ETF 1.3 50 25 3.9 -8.9
BUYZ Franklin Disruptive Commerce ETF 1.3 50 25 2.3 -10.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.3 8 67 4.5 -8.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 0 3.0 -9.9
GVIP Goldman Sachs Hedge Industry VIP ETF 1.3 45 30 3.1 -9.7
ISHP First Trust Nasdaq Retail ETF 1.3 60 15 5.6 -7.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.3 60 15 10.4 -2.4
NULC Nuveen ESG Large-Cap ETF 1.3 21 54 4.7 -8.2
NULG Nuveen ESG Large-Cap Growth ETF 1.3 26 49 3.4 -9.4
ONLN ProShares Online Retail ETF 1.3 58 17 2.0 -10.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 40 4.1 -8.7
CGIE Capital Group International Equity ETF 1.3 54 21 5.1 -7.8
FFOG Franklin Focused Growth ETF 1.3 61 14 2.4 -10.4
OGIG ALPS O'Shares Global Internet Giants ETF 1.3 48 27 1.6 -11.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.3 60 15 4.7 -8.2
RJMG FT Raymond James Multicap Growth Equity ETF 1.3 85 -10 1.9 -10.9
PNQI Invesco NASDAQ Internet ETF 1.3 60 15 3.4 -9.4
TMFG Motley Fool Global Opportunities ETF 1.3 85 -10 4.1 -8.8
CLOD Themes Cloud Computing ETF 1.3 35 40 3.2 -9.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.3 49 26 3.8 -9.0
TOGA Tremblant Global ETF 1.3 69 6 1.9 -10.9
USRD Themes US R&D Champions ETF 1.3 29 46 4.5 -8.3
LGCF Themes US Cash Flow Champions ETF 1.3 30 45 8.4 -4.4
BCOR Grayscale Bitcoin Adopters ETF 1.3 59 16 2.2 -10.6
LOGO Alpha Brands Consumption Leaders ETF 1.3 69 6 3.2 -9.6
VCR Vanguard Consumer Discretionary ETF 1.3 9 66 4.5 -8.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 24 51 7.7 -5.2
GINN Goldman Sachs Innovate Equity ETF 1.3 52 23 3.5 -9.3
KOMP SPDR S&P Kensho New Economies Composite ETF 1.3 20 55 2.3 -10.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.3 40 35 3.7 -9.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.2 30 45 10.0 -2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -20 11.5 -1.3
EEM iShares MSCI Emerging Markets ETF 1.2 69 6 9.9 -3.0
PID Invesco International Dividend Achievers ETF 1.2 53 22 5.6 -7.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 9.7 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 9 9.1 -3.7
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 12.8 +0.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 60 7.6 -5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 39 9.4 -3.4
DFEV Dimensional Emerging Markets Value ETF 1.1 43 32 13.1 +0.3
FFND Future Fund Active ETF 1.1 100 -25 4.3 -8.6
ICOP iShares Copper and Metals Mining ETF 1.1 47 28 7.1 -5.8
XCEM Columbia EM Core ex-China ETF 1.1 16 59 7.9 -4.9
ARKW ARK Next Generation Internet ETF 1.1 87 -12 -0.4 -13.2
TRFM AAM Transformers ETF 1.1 49 26 1.2 -11.6
HAPI Harbor Human Capital Factor US Large Cap ETF 1.1 36 39 4.8 -8.0
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 5.3 -7.6
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 31 11.9 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 55 10.2 -2.7
VRAI Virtus Real Asset Income ETF 1.0 55 20 10.4 -2.4
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 66 10.1 -2.7
MOO VanEck Agribusiness ETF 1.0 53 22 10.8 -2.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -5 14.4 +1.6
JOET Virtus Terranova US Quality Momentum ETF 1.0 29 46 4.7 -8.1
CGGO Capital Group Global Growth Equity ETF 1.0 47 28 4.6 -8.3
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 40 9.0 -3.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 9.3 -3.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 17 4.1 -8.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.9 36 39 7.6 -5.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 34 8.5 -4.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 37 9.0 -3.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 6.5 -6.3
STXE Strive Emerging Markets Ex-China ETF 0.9 32 43 7.4 -5.4
QTOP iShares Nasdaq Top 30 Stocks ETF 0.9 20 55 4.0 -8.8
FEOE First Eagle Overseas Equity ETF 0.9 79 -4 7.7 -5.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 27 7.3 -5.5
GVAL Cambria Global Value ETF 0.9 68 7 10.6 -2.2
IXC iShares Global Energy ETF 0.9 44 31 10.4 -2.4
IXG iShares Global Financials ETF 0.9 42 33 6.7 -6.2
EMM Global X Emerging Markets ex-China ETF 0.8 75 0 6.2 -6.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.8 85 -10 8.8 -4.0
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 50 9.8 -3.1
IYF iShares U.S. Financials ETF 0.8 40 35 5.9 -6.9
BINV Brandes International ETF 0.8 70 5 9.2 -3.6
FITE SPDR S&P Kensho Future Security ETF 0.8 45 30 1.5 -11.4
HAIL SPDR S&P Kensho Smart Mobility ETF 0.8 45 30 0.3 -12.5
JETS U.S. Global Jets ETF 0.8 60 15 2.8 -10.0
PCGG Polen Capital Global Growth ETF 0.8 85 -10 3.9 -9.0
SUPL ProShares Supply Chain Logistics ETF 0.8 58 17 12.2 -0.6
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.7 49 26 3.7 -9.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 0 8.8 -4.1
FFOX FundX Future Fund Opportunities ETF 0.7 100 -25 4.3 -8.6
RGEF Rockefeller Global Equity ETF 0.7 55 20 4.7 -8.1
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 58 13.6 +0.8
LRGF iShares U.S. Equity Factor ETF 0.7 8 67 5.4 -7.4
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 20 7.7 -5.1
IBUY Amplify Online Retail ETF 0.7 65 10 0.9 -12.0
VWO Vanguard FTSE Emerging Markets ETF 0.7 7 68 10.0 -2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 30 9.9 -2.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 30 10.7 -2.1
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 45 7.4 -5.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 26 15.6 +2.8
QQQ Invesco QQQ Trust Series I 0.7 20 55 4.0 -8.8
QQQM Invesco NASDAQ 100 ETF 0.7 15 60 4.1 -8.8
VERS ProShares Metaverse ETF 0.6 58 17 -1.0 -13.8
SCHE Schwab Emerging Markets Equity ETF 0.6 11 64 10.6 -2.2
FEGE First Eagle Global Equity ETF 0.6 79 -4 6.7 -6.1
RODE Hartford Multifactor Diversified International ETF 0.6 29 46 11.5 -1.4
FXL First Trust Technology AlphaDEX Fund 0.6 61 14 5.3 -7.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 60 9.9 -2.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 49 26 9.8 -3.0
QQMG Invesco ESG NASDAQ 100 ETF 0.6 20 55 4.1 -8.7
GQQQ Astoria US Quality Growth Kings ETF 0.6 35 40 4.6 -8.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.6 18 57 5.9 -6.9
CGDG Capital Group Dividend Growers ETF 0.5 47 28 6.2 -6.6
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 57 3.9 -8.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 50 6.5 -6.3
SUSA iShares MSCI USA ESG Select ETF 0.5 25 50 4.7 -8.1
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 0 7.8 -5.0
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 65 4.6 -8.2
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -6 2.8 -10.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 45 6.7 -6.1
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -4 4.4 -8.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 33 7.1 -5.8
SHE SPDR MSCI USA Gender Diversity ETF 0.5 20 55 5.0 -7.8
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -14 4.9 -7.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 66 4.8 -8.0
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.9 -7.0
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 60 6.0 -6.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 65 5.1 -7.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.4 32 43 6.7 -6.1
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 60 3.4 -9.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 65 4.9 -7.9
JGRO JPMorgan Active Growth ETF 0.4 44 31 3.4 -9.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 54 3.6 -9.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 31 10.6 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 16 8.7 -4.1
WWJD Inspire International ETF 0.4 80 -5 7.3 -5.5
GLOF iShares Global Equity Factor ETF 0.4 20 55 6.4 -6.4
AVUS Avantis U.S. Equity ETF 0.4 15 60 5.7 -7.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.6 -7.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 7.5 -5.3
BUZZ VanEck Social Sentiment ETF 0.4 75 0 -0.4 -13.2
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 65 4.9 -7.9
ILCG iShares Morningstar Growth ETF 0.4 4 71 3.6 -9.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 57 7.9 -5.0
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.7 -7.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 4.5 -8.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 68 7.7 -5.1
SHPP Pacer Industrials and Logistics ETF 0.3 60 15 8.7 -4.1
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.7 -8.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 68 5.0 -7.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 7.2 -5.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 4.3 -8.5
ECON Columbia Emerging Markets Consumer ETF 0.3 49 26 11.8 -1.0
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 50 5.3 -7.6
OPTZ Optimize Strategy Index ETF 0.3 50 25 4.6 -8.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 45 7.8 -5.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.3 8 67 4.9 -7.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 8.0 -4.9
WRND IQ Global Equity R&D Leaders ETF 0.3 18 57 8.0 -4.9
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -20 0.4 -12.4
XITK SPDR FactSet Innovative Technology ETF 0.3 45 30 -0.3 -13.1
IGRO iShares International Dividend Growth ETF 0.3 15 60 7.3 -5.6
ESGU iShares ESG Aware MSCI USA ETF 0.3 15 60 4.7 -8.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.3 10 65 4.3 -8.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 0.9 -11.9
ACWI iShares MSCI ACWI ETF 0.2 32 43 5.4 -7.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 5.5 -7.3
IGF iShares Global Infrastructure ETF 0.2 41 34 4.6 -8.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.2 39 36 10.0 -2.8
SETM Sprott Energy Transition Materials ETF 0.2 65 10 1.9 -11.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 5.1 -7.8
VOTE TCW Transform 500 ETF 0.2 5 70 4.8 -8.0
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 4.1 -8.8
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.6 -8.2
VT Vanguard Total World Stock ETF 0.2 6 69 5.8 -7.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 4.9 -8.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 4.9 -8.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.8 -8.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 4.5 -8.3
RVRB Reverb ETF 0.2 30 45 4.5 -8.3
FILL iShares MSCI Global Energy Producers ETF 0.2 39 36 11.9 -0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.9 -8.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 58 9.6 -3.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 7 2.3 -10.5
CLNR IQ Cleaner Transport ETF 0.2 45 30 6.7 -6.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 28 5.8 -7.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 25 10.9 -1.9
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 4.5 -8.3
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.9 -7.9
EXI iShares Global Industrials ETF 0.2 42 33 4.5 -8.3
BLES Inspire Global Hope ETF 0.2 61 14 6.8 -6.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 4.8 -8.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 60 4.6 -8.2
PBUS Invesco MSCI USA ETF 0.2 4 71 4.8 -8.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 36 16.0 +3.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 6.2 -6.7
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 6.3 -6.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 36 5.2 -7.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 6.2 -6.6
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 33 4.2 -8.6
VSGX Vanguard ESG International Stock ETF 0.2 10 65 7.5 -5.3
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 60 5.7 -7.2
XDAT Franklin Exponential Data ETF 0.2 50 25 2.2 -10.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 66 5.2 -7.7
VXUS Vanguard Total International Stock ETF 0.2 5 70 7.8 -5.1
IUS Invesco RAFI Strategic US ETF 0.2 19 56 6.9 -6.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 50 5.6 -7.2
IWF iShares Russell 1000 Growth ETF 0.2 19 56 4.4 -8.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 4.5 -8.4
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 6.1 -6.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 11.3 -1.5
TOK iShares MSCI Kokusai ETF 0.1 26 49 5.0 -7.9
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 7.1 -5.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 17 10.0 -2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 7.8 -5.0
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 62 2.8 -10.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.1 15 60 6.1 -6.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 7.7 -5.1
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 50 11.3 -1.5
URTH iShares MSCI World ETF 0.1 24 51 5.0 -7.8
STXK Strive Small-Cap ETF 0.1 18 57 5.8 -7.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 33 9.7 -3.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.8 -6.1
IWL iShares Russell Top 200 ETF 0.1 15 60 4.6 -8.3
GWX SPDR S&P International Small Cap ETF 0.1 40 35 5.9 -6.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.3 -7.5
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 5.7 -7.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.9 -6.9
IWB iShares Russell 1000 ETF 0.1 15 60 4.8 -8.0
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.9 -8.0
IWV iShares Russell 3000 ETF 0.1 20 55 4.7 -8.1
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.8 -8.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 4.9 -7.9
VFMF Vanguard U.S. Multifactor ETF 0.1 18 57 8.0 -4.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 6.7 -6.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 71 6.2 -6.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 7.1 -5.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 16 2.8 -10.0
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 60 7.8 -5.0
GVLU Gotham 1000 Value ETF 0.1 50 25 9.0 -3.8
SFYX SoFi Next 500 ETF 0.1 0 75 5.7 -7.1
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 63 8.0 -4.8
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 6.4 -6.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 7.4 -5.5
DXIV Dimensional International Vector Equity ETF 0.0 34 41 7.8 -5.0
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 33 6.4 -6.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 61 4.8 -8.0
AVDS Avantis International Small Cap Equity ETF 0.0 30 45 7.2 -5.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 6.9 -6.0
SMMD iShares Russell 2500 ETF 0.0 15 60 6.1 -6.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 67 6.1 -6.7
DFIS Dimensional International Small Cap ETF 0.0 39 36 7.2 -5.6
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 6.8 -6.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 7.1 -5.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 5.8 -7.0
IWR iShares Russell Midcap ETF 0.0 19 56 5.8 -7.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 50 8.4 -4.4
IYW iShares U.S. Technology ETF 0.0 40 35 3.7 -9.1
DXUV Dimensional US Vector Equity ETF 0.0 28 47 6.2 -6.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.7 -6.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 5.3 -7.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 7.5 -5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.9 -5.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.9 -6.0
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.4 -6.4
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 6.5 -6.3
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 52 3.5 -9.3
STXG Strive 1000 Growth ETF 0.0 18 57 3.8 -9.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.5 -7.3
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 10.2 -2.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.0 -7.8
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 47 9.5 -3.4
STXV Strive 1000 Value ETF 0.0 18 57 8.0 -4.8
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.8 -8.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.4 -7.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.2 -5.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 4.3 -8.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.5 -6.3
AVDV Avantis International Small Cap Value ETF 0.0 36 39 9.2 -3.6
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 7.1 -5.7
EBI Longview Advantage ETF 0.0 35 40 6.6 -6.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 12.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.