Global X MSCI Colombia ETF
ALTAR
Score™		 16.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 11.4x P/Sales
ratio		 1.2x
P/BV
ratio		 2.1x Div.
yield		 3.2%


  • 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) $102
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) $2,079
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 14.4 %
BANCOLOMBIA SA 8.1 %
INTERCONEXION ELECTRICA SA 7.7 %
ECOPETROL SA 7.3 %
EMPRESA DE ENERGIA DE BOGOTA 4.4 %
GRUPO AVAL ACCIONES-PF 4.3 %
CEMENTOS ARGOS SA 4.2 %
TECNOGLASS INC. 4.1 %
CELSIA SA ESP 3.9 %
BANCO DAVIVIENDA SA 3.9 %
Total 62.2 %

TOP COUNTRY EXPOSURE
COLOMBIA 76.8 %
CHILE 11.9 %
CANADA 11.3 %








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.
48.2% 50.2% 13.7% 4.4% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.68 21%
MSCI EAFE 0.69 26%
MSCI Emg. Mkts. 0.64 26%

Technical Indicators
Recent close $32.43
30d moving avg. $32.76
Annualized volatility 20.2%
Short interest (ETF) 0.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.2%
Bid/Ask (% of price) 0.88%
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™: 16.8%


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 10.5 68 -6 10.7 -6.1
FLN First Trust Latin America AlphaDEX Fund 7.6 80 -18 10.7 -6.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.2 67 -5 14.3 -2.5
ECH iShares MSCI Chile ETF 5.5 58 4 8.9 -7.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 2 11.0 -5.8
SGDJ Sprott Junior Gold Miners ETF 3.4 50 12 3.3 -13.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 3.0 55 7 5.7 -11.0
FRNW Fidelity Clean Energy ETF 3.0 39 23 2.9 -13.9
FIDI Fidelity International High Dividend ETF 2.5 18 44 8.7 -8.0
EPU iShares MSCI Peru and Global Exposure ETF 2.2 59 3 5.9 -10.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 2 8.6 -8.2
FLLA Franklin FTSE Latin America ETF 2.1 19 43 13.2 -3.5
PRN Invesco Dorsey Wright Industrials Momentum ETF 2.0 60 2 3.4 -13.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -8 13.5 -3.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -18 11.6 -5.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.5 29 33 9.4 -7.3
ILF iShares Latin America 40 ETF 1.5 48 14 13.0 -3.8
ICLN iShares Global Clean Energy ETF 1.4 41 21 4.8 -12.0
FRDM Freedom 100 Emerging Markets ETF 1.4 49 13 8.2 -8.5
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 3 12.0 -4.8
SDIV Global X Superdividend ETF 1.1 58 4 43.3 +26.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 37 13.0 -3.8
GOEX Global X Gold Explorers ETF 1.1 65 -3 2.5 -14.3
RNSC Furst Trust Small Cap US Equity Select ETF 1.0 60 2 6.1 -10.7
WWJD Inspire International ETF 1.0 80 -18 7.5 -9.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 23 10.5 -6.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 15 8.5 -8.3
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 15 9.1 -7.6
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 19 6.4 -10.4
FTHF First Trust Emerging Markets Human Flourishing ETF 0.8 75 -13 8.1 -8.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -18 14.5 -2.2
DEEP Roundhill Acquirers Deep Value ETF 0.8 80 -18 18.4 +1.6
VRAI Virtus Real Asset Income ETF 0.8 55 7 10.6 -6.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.7 60 2 7.9 -8.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -26 8.7 -8.1
OCEN IQ Clean Oceans ETF 0.6 45 17 6.1 -10.7
XT iShares Exponential Technologies ETF 0.5 46 16 4.8 -12.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 7.9 -8.8
IDV iShares International Select Dividend ETF 0.5 51 11 10.9 -5.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -8 7.6 -9.1
SMOG VanEck Low Carbon Energy ETF 0.5 61 1 1.7 -15.1
BLES Inspire Global Hope ETF 0.5 61 1 6.9 -9.8
RING iShares MSCI Global Gold Miners ETF 0.4 39 23 3.8 -13.0
AVDV Avantis International Small Cap Value ETF 0.4 36 26 9.4 -7.4
XCEM Columbia EM Core ex-China ETF 0.4 16 46 8.2 -8.6
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -18 12.1 -4.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 27 1.0 -15.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 47 6.2 -10.5
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -9 0.4 -16.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 3 9.0 -7.8
DFEV Dimensional Emerging Markets Value ETF 0.3 43 19 13.5 -3.3
PSC Principal U.S. Small-Cap ETF 0.3 38 24 7.0 -9.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -8 7.9 -8.9
JXI iShares Global Utilities ETF 0.2 43 19 5.6 -11.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 23 16.5 -0.3
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 3 4.4 -12.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 42 6.5 -10.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 33 6.8 -10.0
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -13 8.0 -8.8
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 37 10.1 -6.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 27 18.1 +1.3
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 45 14.1 -2.7
GWX SPDR S&P International Small Cap ETF 0.2 40 22 6.1 -10.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -18 10.8 -6.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 54 6.2 -10.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 27 7.8 -9.0
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 55 10.6 -6.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 23 6.0 -10.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 1 6.1 -10.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 47 7.8 -9.0
VIDI Vident International Equity Strategy ETF 0.2 61 1 11.1 -5.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 58 6.3 -10.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 7.0 -9.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 17 10.3 -6.4
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 37 10.3 -6.5
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 10 7.2 -9.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 38 8.0 -8.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 8.8 -8.0
GINN Goldman Sachs Innovate Equity ETF 0.1 52 10 3.6 -13.1
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 37 11.7 -5.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 9 7.9 -8.9
SCHE Schwab Emerging Markets Equity ETF 0.1 11 51 11.0 -5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 5.7 -11.1
IWO iShares Russell 2000 Growth ETF 0.1 24 38 1.3 -15.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 52 1.4 -15.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 47 10.3 -6.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 29 8.7 -8.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 37 7.6 -9.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 37 6.7 -10.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 8.0 -8.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 51 10.1 -6.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 26 9.7 -7.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 4.3 -12.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 53 10.5 -6.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 55 10.3 -6.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 9.3 -7.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 5.9 -10.9
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 39 6.0 -10.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 9.3 -7.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 11.3 -5.5
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 6.4 -10.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -4 9.4 -7.4
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 47 7.4 -9.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 32 10.3 -6.4
STXK Strive Small-Cap ETF 0.1 18 44 6.0 -10.7
DISV Dimensional International Small Cap Value ETF 0.1 42 20 9.1 -7.7
EEM iShares MSCI Emerging Markets ETF 0.1 69 -7 10.2 -6.5
AVDE Avantis International Equity ETF 0.1 23 39 7.4 -9.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 8.7 -8.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 6.1 -10.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 18 10.8 -5.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 21 6.7 -10.0
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 6.7 -10.1
EWC iShares MSCI Canada ETF 0.1 50 12 6.0 -10.8
VYMI Vanguard International High Dividend Yield ETF 0.1 17 45 9.8 -7.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 10.2 -6.6
DXIV Dimensional International Vector Equity ETF 0.1 34 28 8.0 -8.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -2 2.2 -14.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 56 2.9 -13.8
IWM iShares Russell 2000 ETF 0.1 19 43 4.3 -12.5
VTWO Vanguard Russell 2000 ETF 0.1 7 55 4.4 -12.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 27 9.4 -7.4
RSSL Global X Russell 2000 ETF 0.1 8 54 4.4 -12.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 49 2.9 -13.9
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 20 6.6 -10.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 47 7.9 -8.9
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 46 8.6 -8.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 8.0 -8.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 32 8.0 -8.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 42 5.8 -11.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 9.2 -7.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 21 7.4 -9.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 23 5.5 -11.3
FILL iShares MSCI Global Energy Producers ETF 0.0 39 23 12.1 -4.7
VXUS Vanguard Total International Stock ETF 0.0 5 57 7.9 -8.8
SCHC Schwab International Small-Cap Equity ETF 0.0 11 51 6.7 -10.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 13 16.1 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 28 7.7 -9.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 29 8.5 -8.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 44 8.0 -8.7
AVDS Avantis International Small Cap Equity ETF 0.0 30 32 7.3 -9.4
RXI iShares Global Consumer Discretionary ETF 0.0 41 21 9.5 -7.3
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 44 6.9 -9.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 59 7.0 -9.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 38 6.4 -10.4
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 55 7.9 -8.9
DXUV Dimensional US Vector Equity ETF 0.0 28 34 6.4 -10.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 58 8.2 -8.6
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 6.4 -10.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 32 5.5 -11.3
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.4 -9.4
AVES Avantis Emerging Markets Value ETF 0.0 36 26 11.3 -5.4
DEW WisdomTree Global High Dividend Fund 0.0 58 4 8.6 -8.2
DFIS Dimensional International Small Cap ETF 0.0 39 23 7.4 -9.4
VSGX Vanguard ESG International Stock ETF 0.0 10 52 7.7 -9.0
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 52 6.5 -10.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 7.6 -9.1
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 39 8.3 -8.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 8.9 -7.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 7.0 -9.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 59 7.3 -9.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 29 10.0 -6.7
AVUS Avantis U.S. Equity ETF 0.0 15 47 5.8 -10.9
VXF Vanguard Extended Market ETF 0.0 5 57 4.8 -12.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 23 6.8 -9.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 45 7.3 -9.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 50 6.7 -10.1
AVSD Avantis Responsible International Equity ETF 0.0 23 39 5.7 -11.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 7.7 -9.1
IPKW Invesco International BuyBack Achievers ETF 0.0 55 7 13.0 -3.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 7.2 -9.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 5.6 -11.1
GLOF iShares Global Equity Factor ETF 0.0 20 42 6.6 -10.2
VT Vanguard Total World Stock ETF 0.0 6 56 5.9 -10.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 48 5.5 -11.3
ACWI iShares MSCI ACWI ETF 0.0 32 30 5.6 -11.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 33 5.4 -11.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 53 5.2 -11.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 51 4.9 -11.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 47 5.0 -11.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.5 -11.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.1 -11.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 39 7.5 -9.3
URTH iShares MSCI World ETF 0.0 24 38 5.1 -11.7
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.0 -11.7
EBI Longview Advantage ETF 0.0 35 27 6.7 -10.1
DFUS Dimensional U.S. Equity ETF 0.0 9 53 4.9 -11.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 4.9 -11.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 53 4.8 -12.0
VTHR Vanguard Russell 3000 ETF 0.0 7 55 4.9 -11.9
IWV iShares Russell 3000 ETF 0.0 20 42 4.8 -12.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 32 6.0 -10.8
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 44 7.2 -9.6

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 33.4 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 16.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 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.