Global X MSCI Colombia ETF
ALTAR
Score™		 20.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.9x Div.
yield		 3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Colombia 20 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Colombia 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 05, 2009
Assets (mns) $111
Currency USD
Expense ratio 62 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $2,343
Large cap (>$10bn) 36.8%
Mid cap ($2-10bn) 46.5%
Small cap (<$2bn) 14.5%
Developed mkts 19.0%
Emerging mkts 78.4%

TOP TEN HOLDINGS
GRUPO CIBEST SA 15.6 %
BANCOLOMBIA SA 8.2 %
INTERCONEXION ELECTRICA SA 7.8 %
ECOPETROL SA 6.8 %
GRUPO AVAL ACCIONES-PF 4.6 %
ARIS MINING CORP 4.5 %
EMPRESA DE ENERGIA DE BOGOTA 4.3 %
CEMENTOS ARGOS SA 4.2 %
BANCO DAVIVIENDA SA 4.2 %
GRUPO DE INV SURAMERICANA-PF 4.1 %
Total 64.3 %

TOP COUNTRY EXPOSURE
COLOMBIA 77.4 %
CHILE 11.4 %
CANADA 11.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
58.7% 64.9% 15.6% 4.5% 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.79 25%
MSCI EAFE 0.71 27%
MSCI Emg. Mkts. 0.60 22%

Technical Indicators
Recent close $36.79
30d moving avg. $35.34
Annualized volatility 20.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 83
Turnover 2.7%
Bid/Ask (% of price) 0.77%
ADV underlying (mns) $67

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 193 potential alternatives to the Global X MSCI Colombia ETF ETF based on the alternatives' overlap in portfolio holdings with COLO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COLO Expense: 62 bp ALTAR Score™: 20.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COLO
Ticker Fund
Name		 Overlap1
vs COLO
(%)		 Expense
ratio
(bp)		 Savings
vs COLO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs COLO
(%)
GVAL Cambria Global Value ETF 11.0 68 -6 10.4 -9.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.5 67 -5 14.6 -5.8
ECH iShares MSCI Chile ETF 4.7 58 4 7.1 -13.2
FLN First Trust Latin America AlphaDEX Fund 4.7 80 -18 10.9 -9.5
SGDJ Sprott Junior Gold Miners ETF 4.5 50 12 3.1 -17.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 2 10.7 -9.7
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 3.2 55 7 6.5 -13.9
FRNW Fidelity Clean Energy ETF 3.0 39 23 2.3 -18.0
FIDI Fidelity International High Dividend ETF 2.5 18 44 8.1 -12.3
EPU iShares MSCI Peru and Global Exposure ETF 2.3 59 3 5.8 -14.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 2 7.9 -12.4
FLLA Franklin FTSE Latin America ETF 2.1 19 43 12.2 -8.2
OTGL OTG Latin America ETF 2.1 269 -207 8.2 -12.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 -8 11.8 -8.6
DEEP Roundhill Acquirers Deep Value ETF 1.4 80 -18 18.4 -2.0
ILF iShares Latin America 40 ETF 1.4 48 14 11.5 -8.8
FYLD Cambria Foreign Shareholder Yield ETF 1.3 59 3 11.2 -9.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.3 29 33 8.9 -11.5
FRDM Freedom 100 Emerging Markets ETF 1.2 49 13 7.2 -13.1
GOEX Global X Gold Explorers ETF 1.2 65 -3 2.7 -17.7
SDIV Global X Superdividend ETF 1.2 58 4 41.6 +21.3
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 37 12.0 -8.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 23 9.1 -11.2
RNSC Furst Trust Small Cap US Equity Select ETF 1.0 60 2 5.1 -15.2
WWJD Inspire International ETF 1.0 80 -18 7.0 -13.3
FTHF First Trust Emerging Markets Human Flourishing ETF 0.9 75 -13 9.1 -11.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 15 7.8 -12.5
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 15 8.4 -11.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -18 11.4 -8.9
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 19 6.1 -14.3
ICLN iShares Global Clean Energy ETF 0.8 41 21 3.2 -17.1
VRAI Virtus Real Asset Income ETF 0.8 55 7 10.7 -9.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -26 7.8 -12.6
OCEN IQ Clean Oceans ETF 0.6 45 17 5.1 -15.2
ICPY Tweedy, Browne International Insider Value ETF 0.5 80 -18 0.0 -20.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -8 7.7 -12.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 7.2 -13.1
IDV iShares International Select Dividend ETF 0.5 51 11 9.9 -10.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.5 60 2 7.1 -13.2
BLES Inspire Global Hope ETF 0.5 61 1 6.8 -13.5
RING iShares MSCI Global Gold Miners ETF 0.5 39 23 3.7 -16.6
SMOG VanEck Low Carbon Energy ETF 0.4 61 1 1.6 -18.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -18 10.8 -9.5
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -18 11.7 -8.6
AVDV Avantis International Small Cap Value ETF 0.4 36 26 8.8 -11.5
XCEM Columbia EM Core ex-China ETF 0.4 16 46 7.6 -12.7
XT iShares Exponential Technologies ETF 0.4 46 16 4.6 -15.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 47 6.1 -14.3
DFEV Dimensional Emerging Markets Value ETF 0.3 43 19 11.9 -8.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 3 8.6 -11.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 33 7.5 -12.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -8 7.5 -12.8
PSC Principal U.S. Small-Cap ETF 0.3 38 24 6.9 -13.5
GWX SPDR S&P International Small Cap ETF 0.2 40 22 6.7 -13.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 23 15.4 -5.0
JXI iShares Global Utilities ETF 0.2 43 19 5.5 -14.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 27 1.2 -19.1
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 3 4.2 -16.1
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -13 8.3 -12.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 54 7.2 -13.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 42 6.1 -14.3
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 37 9.3 -11.1
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 45 13.8 -6.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 27 16.2 -4.2
VIDI Vident International Equity Strategy ETF 0.2 61 1 10.4 -9.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 27 7.6 -12.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 58 6.0 -14.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 47 7.2 -13.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 23 5.7 -14.6
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 55 10.3 -10.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 5.5 -14.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 6.8 -13.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 17 9.5 -10.8
NANR SPDR S&P North American Natural Resources ETF 0.1 35 27 7.9 -12.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 38 7.2 -13.1
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 37 9.8 -10.5
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 10 7.0 -13.3
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 37 10.7 -9.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 9 7.2 -13.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 8.2 -12.2
GINN Goldman Sachs Innovate Equity ETF 0.1 52 10 3.7 -16.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 51 10.5 -9.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 47 9.6 -10.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 29 8.0 -12.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 7.5 -12.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 51 9.2 -11.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 55 10.1 -10.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 26 9.0 -11.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 4.0 -16.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.1 70 -8 2.2 -18.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 53 9.7 -10.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 37 6.9 -13.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 37 6.4 -13.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 8.6 -11.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 5.7 -14.6
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 39 5.9 -14.4
DISV Dimensional International Small Cap Value ETF 0.1 42 20 8.7 -11.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 10.2 -10.1
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 5.4 -15.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -4 8.9 -11.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 21 6.4 -14.0
EWC iShares MSCI Canada ETF 0.1 50 12 5.8 -14.5
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 47 6.9 -13.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 9.0 -11.3
IWO iShares Russell 2000 Growth ETF 0.1 24 38 0.8 -19.5
AVDE Avantis International Equity ETF 0.1 23 39 7.0 -13.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 8.2 -12.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 18 10.4 -9.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 5.8 -14.6
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 52 1.0 -19.4
VYMI Vanguard International High Dividend Yield ETF 0.1 17 45 9.0 -11.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 32 9.8 -10.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 -7 9.4 -10.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 9.4 -11.0
DXIV Dimensional International Vector Equity ETF 0.1 34 28 7.4 -12.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 7.9 -12.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 13 14.8 -5.5
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 46 7.9 -12.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 27 8.6 -11.8
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 20 6.3 -14.1
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 49 3.1 -17.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 47 7.4 -12.9
STXK Strive Small-Cap ETF 0.1 18 44 6.0 -14.3
SCHC Schwab International Small-Cap Equity ETF 0.1 11 51 7.5 -12.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 32 7.5 -12.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 6.6 -13.7
VXUS Vanguard Total International Stock ETF 0.1 5 57 7.6 -12.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 8.4 -11.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 42 5.5 -14.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 21 7.1 -13.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 32 5.4 -14.9
DFIS Dimensional International Small Cap ETF 0.0 39 23 7.0 -13.4
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.0 -13.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 38 6.1 -14.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 59 6.6 -13.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 56 2.9 -17.4
RXI iShares Global Consumer Discretionary ETF 0.0 41 21 8.3 -12.1
IWM iShares Russell 2000 ETF 0.0 19 43 4.1 -16.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 23 4.2 -16.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 28 7.3 -13.0
VTWO Vanguard Russell 2000 ETF 0.0 7 55 4.2 -16.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 29 7.9 -12.5
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 55 7.5 -12.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 44 7.2 -13.1
AVDS Avantis International Small Cap Equity ETF 0.0 30 32 6.9 -13.5
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 44 6.7 -13.6
RSSL Global X Russell 2000 ETF 0.0 8 54 4.1 -16.2
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 52 6.4 -14.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.0 64 -2 1.2 -19.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 58 7.7 -12.7
VSGX Vanguard ESG International Stock ETF 0.0 10 52 7.5 -12.9
DEW WisdomTree Global High Dividend Fund 0.0 58 4 8.2 -12.1
AVES Avantis Emerging Markets Value ETF 0.0 36 26 10.7 -9.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 6.7 -13.6
VEA Vanguard FTSE Developed Markets ETF 0.0 3 59 6.8 -13.5
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 7.5 -12.9
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 6.8 -13.6
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 39 8.0 -12.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 8.3 -12.0
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 6.2 -14.2
DXUV Dimensional US Vector Equity ETF 0.0 28 34 6.1 -14.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 29 9.2 -11.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 23 6.3 -14.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 45 6.8 -13.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 50 6.5 -13.8
AVSD Avantis Responsible International Equity ETF 0.0 23 39 5.0 -15.3
AVUS Avantis U.S. Equity ETF 0.0 15 47 5.7 -14.6
IPKW Invesco International BuyBack Achievers ETF 0.0 55 7 8.8 -11.5
GLOF iShares Global Equity Factor ETF 0.0 20 42 6.6 -13.7
VT Vanguard Total World Stock ETF 0.0 6 56 5.7 -14.6
VXF Vanguard Extended Market ETF 0.0 5 57 4.7 -15.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 7.4 -12.9
ACWI iShares MSCI ACWI ETF 0.0 32 30 5.4 -15.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 5.5 -14.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 39 7.1 -13.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 33 5.3 -15.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 53 5.1 -15.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 51 4.9 -15.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 47 4.8 -15.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 48 5.4 -15.0
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.0 -15.4
URTH iShares MSCI World ETF 0.0 24 38 5.0 -15.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.3 -15.0
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 34 9.9 -10.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.0 -15.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 32 5.8 -14.5
DFUS Dimensional U.S. Equity ETF 0.0 9 53 4.8 -15.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 4.8 -15.5
IWV iShares Russell 3000 ETF 0.0 20 42 4.7 -15.6
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 53 4.7 -15.6
VTHR Vanguard Russell 3000 ETF 0.0 7 55 4.8 -15.5
EBI Longview Advantage ETF 0.0 35 27 6.6 -13.7
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 44 6.9 -13.5

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 MSCI Colombia 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 36.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 20.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.54
 
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.