Global X DAX Germany ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.7x P/Sales
ratio		 1.3x
P/BV
ratio		 2.0x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X DAX Germany ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that will closely correspond to the DAX? Index using a quarterly rebalance frequency and weighting the securities by market cap. The underlying index holds 30 German blue chip stocks that are traded on the Frankfurt Stock Exchange.

FUND BASICS
Category International Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Oct 22, 2014
Assets (mns) $316
Currency USD
Expense ratio 21 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 40
Wgt avg mkt cap (mns) $127,048
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 14.6 %
SIEMENS AG-REG 10.0 %
ALLIANZ SE-REG 7.9 %
DEUTSCHE TELEKOM AG 6.7 %
EADS NV 6.3 %
RHEINMETALL AG 4.8 %
MUENCHENER RUECKVER AG-REG 4.3 %
SIEMENS ENERGY AG 3.9 %
DEUTSCHE BOERSE AG 3.1 %
DEUTSCHE BANK AG-REGISTERED 3.0 %
Total 64.5 %

TOP COUNTRY EXPOSURE
GERMANY 92.7 %
NETHERLANDS 6.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
34.8% 41.5% 13.6% 7.6% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 0.95 53%
MSCI EAFE 1.10 76%
MSCI Emg. Mkts. 0.86 48%

Technical Indicators
Recent close $44.78
30d moving avg. $44.21
Annualized volatility 20.9%
Short interest (ETF) 2.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 157
Turnover 2.2%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 303 potential alternatives to the Global X DAX Germany ETF ETF based on the alternatives' overlap in portfolio holdings with DAX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DAX Expense: 21 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DAX
Ticker Fund
Name		 Overlap1
vs DAX
(%)		 Expense
ratio
(bp)		 Savings
vs DAX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DAX
(%)
EWG iShares MSCI Germany ETF 91.9 50 -29 6.0 -0.4
FLGR Franklin FTSE Germany ETF 78.2 9 12 6.7 +0.3
FGM First Trust Germany AlphaDEX Fund 42.8 80 -59 6.2 -0.2
FEZ SPDR EURO STOXX 50 ETF 30.3 29 -8 7.1 +0.7
EZU iShares MSCI Eurozone ETF 27.7 52 -31 6.7 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.1 45 -24 7.2 +0.8
HEDJ WisdomTree Europe Hedged Equity Fund 23.2 58 -37 6.8 +0.4
IDMO Invesco S&P International Developed Momentum ETF 17.6 25 -4 5.4 -1.0
IMTM iShares MSCI Intl Momentum Factor ETF 16.4 30 -9 5.4 -1.0
DTAN Sparkline International Intangible Value ETF 16.2 55 -34 8.1 +1.7
FEUZ First Trust Eurozone AlphaDEX ETF 15.5 80 -59 9.1 +2.7
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.4 48 -27 5.9 -0.5
IEV iShares Europe ETF 15.2 67 -46 6.9 +0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.0 46 -25 7.0 +0.6
BBEU JPMorgan BetaBuilders Europe ETF 14.7 9 12 7.2 +0.8
EUFN iShares MSCI Europe Financials ETF 14.4 51 -30 8.3 +1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.7 25 -4 7.3 +0.9
OSEA Harbor International Compounders ETF 13.5 55 -34 4.6 -1.8
IEUR iShares Core MSCI Europe ETF 13.3 11 10 7.3 +0.9
VGK Vanguard FTSE Europe ETF 13.3 6 15 7.4 +1.0
FLEE Franklin FTSE Europe ETF 13.2 9 12 7.4 +0.9
IMOM Alpha Architect International Quantitative Momentum ETF 13.1 49 -28 3.3 -3.2
SPEU SPDR Portfolio Europe ETF 12.8 7 14 7.3 +0.9
CLNR IQ Cleaner Transport ETF 12.0 45 -24 6.6 +0.1
CGXU Capital Group International Focus Equity ETF 11.8 54 -33 5.7 -0.7
SHPP Pacer Industrials and Logistics ETF 11.6 60 -39 8.4 +2.0
MOTO SmartETFs Smart Transportation & Technology ETF 11.4 68 -47 7.2 +0.8
IVLU iShares MSCI Intl Value Factor ETF 11.3 30 -9 10.7 +4.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.3 58 -37 6.8 +0.3
JIRE JPMorgan International Research Enhanced Equity ETF 11.1 24 -3 7.1 +0.7
FEP First Trust Europe AlphaDEX Fund 10.7 80 -59 9.3 +2.9
IMFL Invesco International Developed Dynamic Multifactor ETF 10.6 34 -13 6.0 -0.4
FENI Fidelity Enhanced International ETF 10.5 28 -7 6.7 +0.3
FIVA Fidelity International Value Factor ETF 10.4 18 3 10.2 +3.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.4 20 1 6.5 +0.1
STXI Strive International Developed Markets ETF 10.3 29 -8 7.0 +0.5
PATN Pacer Nasdaq International Patent Leaders ETF 10.2 65 -44 6.2 -0.2
IQDG WisdomTree International Quality Dividend Growth Fund 10.1 42 -21 7.0 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.0 58 -37 7.1 +0.6
EFV iShares MSCI EAFE Value ETF 10.0 34 -13 9.3 +2.9
EFA iShares MSCI EAFE ETF 9.9 35 -14 6.9 +0.4
JHID John Hancock International High Dividend ETF 9.9 46 -25 9.8 +3.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.9 36 -15 6.9 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 9.8 9 12 8.1 +1.7
EFG iShares MSCI EAFE Growth ETF 9.8 36 -15 4.3 -2.1
INEQ Columbia International Equity Income ETF 9.8 45 -24 8.3 +1.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.7 35 -14 6.7 +0.3
OCEN IQ Clean Oceans ETF 9.7 45 -24 6.3 -0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 9.6 20 1 7.2 +0.8
IQSI IQ Candriam International Equity ETF 9.5 15 6 6.7 +0.2
CGIE Capital Group International Equity ETF 9.4 54 -33 5.0 -1.4
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 1 7.0 +0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 9.3 80 -59 4.9 -1.6
ESGD iShares ESG Aware MSCI EAFE ETF 9.0 20 1 6.9 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.8 45 -24 8.9 +2.5
NETZ TCW Transform Systems ETF 8.7 75 -54 2.6 -3.8
AVIV Avantis International Large Cap Value ETF 8.7 25 -4 8.9 +2.5
IDOG ALPS International Sector Dividend Dogs ETF 8.7 50 -29 12.3 +5.8
JHMD John Hancock Multifactor Developed International ETF 8.6 39 -18 7.6 +1.2
WRND IQ Global Equity R&D Leaders ETF 8.5 18 3 8.3 +1.9
DFIV Dimensional International Value ETF 8.5 27 -6 10.0 +3.6
UIVM VictoryShares International Value Momentum ETF 8.5 35 -14 8.9 +2.5
LVHI Franklin International Low Volatility High Dividend Index ET 8.5 40 -19 10.9 +4.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.5 65 -44 11.5 +5.1
IEFA iShares Core MSCI EAFE ETF 8.4 7 14 7.2 +0.7
BKIE BNY Mellon International Equity ETF 8.3 4 17 7.1 +0.7
DOL WisdomTree International LargeCap Dividend Fund 8.2 48 -27 7.4 +1.0
DIHP Dimensional International High Profitability ETF 8.2 29 -8 7.2 +0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.2 20 1 6.6 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.2 25 -4 7.1 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 8.2 31 -10 6.3 -0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.1 47 -26 5.8 -0.7
BKCI BNY Mellon Concentrated International ETF 8.0 80 -59 5.0 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 7.9 25 -4 9.5 +3.1
UMMA Wahed Dow Jones Islamic World ETF 7.8 65 -44 5.1 -1.3
SCHF Schwab International Equity ETF 7.7 6 15 7.4 +0.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 7.7 45 -24 4.5 -1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 7.6 12 9 5.5 -0.9
PCGG Polen Capital Global Growth ETF 7.6 85 -64 3.7 -2.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.6 65 -44 7.3 +0.9
IPKW Invesco International BuyBack Achievers ETF 7.5 55 -34 13.6 +7.2
IDEV iShares Core MSCI International Developed Markets ETF 7.5 4 17 7.2 +0.7
DFAI Dimensional International Core Equity Market ETF 7.4 18 3 7.3 +0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.4 9 12 9.2 +2.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.3 12 9 6.1 -0.3
VEA Vanguard FTSE Developed Markets ETF 7.2 3 18 7.3 +0.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.1 70 -49 4.7 -1.7
DWMF WisdomTree International Multifactor Fund 7.1 38 -17 7.0 +0.5
RFEU First Trust Riverfront Dynamic Europe ETF 7.0 83 -62 10.4 +4.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 6.9 30 -9 7.0 +0.6
VWID Virtus WMC International Dividend ETF 6.9 49 -28 8.8 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 6.8 3 18 7.2 +0.8
DFIC Dimensional International Core Equity 2 ETF 6.8 23 -2 7.6 +1.1
INTF iShares International Equity Factor ETF 6.8 15 6 7.8 +1.4
FICS First Trust International Developed Capital Strength ETF 6.7 70 -49 6.2 -0.2
DFSI Dimensional International Sustainability Core 1 ETF 6.7 24 -3 6.4 0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 6.6 83 -62 9.7 +3.3
IQLT iShares MSCI Intl Quality Factor ETF 6.6 30 -9 6.2 -0.2
CIL VictoryShares International Volatility Wtd ETF 6.5 45 -24 6.6 +0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 6.4 32 -11 5.9 -0.5
PPIE Putnam PanAgora ESG International Equity ETF 6.4 49 -28 7.4 +1.0
CWI SPDR MSCI ACWI ex-US ETF 6.3 30 -9 7.7 +1.3
FIDI Fidelity International High Dividend ETF 6.2 18 3 9.0 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 6.2 34 -13 7.8 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.2 41 -20 7.7 +1.3
AVSD Avantis Responsible International Equity ETF 6.2 23 -2 5.7 -0.8
DWM WisdomTree International Equity Fund 6.0 48 -27 7.5 +1.1
NATO Themes Transatlantic Defense ETF 6.0 35 -14 2.4 -4.1
QINT American Century Quality Diversified International ETF 5.9 39 -18 7.4 +1.0
AVDE Avantis International Equity ETF 5.9 23 -2 7.6 +1.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.9 80 -59 10.0 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.9 40 -19 7.6 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 3 7.7 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 5.8 4 17 8.2 +1.8
VIGI Vanguard International Dividend Appreciation ETF 5.8 10 11 6.1 -0.3
JGLO JPMorgan Global Select Equity ETF 5.7 33 -12 4.9 -1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.6 39 -18 8.2 +1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.5 42 -21 6.7 +0.2
EXI iShares Global Industrials ETF 5.5 42 -21 4.5 -1.9
DXIV Dimensional International Vector Equity ETF 5.4 34 -13 8.0 +1.6
DGT SPDR Global Dow ETF 5.4 50 -29 7.2 +0.8
IXUS iShares Core MSCI Total International Stock ETF 5.3 7 14 8.0 +1.6
FDD First Trust Stoxx European Select Dividend Index Fund 5.3 58 -37 11.7 +5.3
IDHQ Invesco S&P International Developed High Quality ETF 5.3 29 -8 6.6 +0.2
VYMI Vanguard International High Dividend Yield ETF 5.3 17 4 9.8 +3.4
VXUS Vanguard Total International Stock ETF 5.3 5 16 8.0 +1.6
IVAL Alpha Architect International Quantitative Value ETF 5.2 49 -28 10.6 +4.2
TPIF Timothy Plan International ETF 4.9 62 -41 6.2 -0.2
SHLD Global X Defense Tech ETF 4.8 50 -29 3.5 -2.9
CLOD Themes Cloud Computing ETF 4.7 35 -14 3.0 -3.5
FAN First Trust Global Wind Energy ETF 4.7 60 -39 4.4 -2.0
VSGX Vanguard ESG International Stock ETF 4.6 10 11 7.9 +1.5
WWJD Inspire International ETF 4.6 80 -59 7.2 +0.8
BINV Brandes International ETF 4.6 70 -49 9.6 +3.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.5 14 7 6.3 -0.1
PRNT 3D Printing ETF 4.5 66 -45 1.3 -5.2
SCHY Schwab International Dividend Equity ETF 4.5 14 7 9.6 +3.2
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -54 5.0 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.5 30 -9 8.1 +1.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.4 22 -1 5.7 -0.7
OAIM OneAscent International Equity ETF 4.4 95 -74 5.6 -0.8
KNO AXS Knowledge Leaders ETF 4.3 78 -57 6.0 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.2 39 -18 6.8 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.1 80 -59 5.5 -0.9
IGRO iShares International Dividend Growth ETF 4.1 15 6 7.2 +0.7
MOTI VanEck Morningstar International Moat ETF 4.0 58 -37 11.0 +4.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.0 29 -8 7.9 +1.5
MXI iShares Global Materials ETF 3.9 41 -20 7.8 +1.4
FPXI First Trust International Equity Opportunities ETF 3.9 70 -49 3.4 -3.0
CGDG Capital Group Dividend Growers ETF 3.9 47 -26 6.2 -0.2
FTAG First Trust Indxx Global Agriculture ETF 3.9 70 -49 8.2 +1.8
IVEG iShares Emergent Food and AgTech Multisector ETF 3.9 47 -26 8.8 +2.4
DTH WisdomTree International High Dividend Fund 3.7 58 -37 8.9 +2.5
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 -34 8.1 +1.7
ETEC iShares Breakthrough Environmental Solutions ETF 3.7 47 -26 3.4 -3.0
IDV iShares International Select Dividend ETF 3.6 51 -30 11.1 +4.7
JXI iShares Global Utilities ETF 3.5 43 -22 5.9 -0.5
IOO iShares Global 100 ETF 3.5 41 -20 4.9 -1.5
FBOT Fidelity Disruptive Automation ETF 3.5 50 -29 3.7 -2.8
VIDI Vident International Equity Strategy ETF 3.4 61 -40 11.3 +4.9
JIG JPMorgan International Growth ETF 3.4 55 -34 4.7 -1.7
IDLV Invesco S&P International Developed Low Volatility ETF 3.4 25 -4 6.5 +0.0
AIVI WisdomTree International AI Enhanced Value Fund 3.3 58 -37 7.4 +1.0
MOTG VanEck Morningstar Global Wide Moat ETF 3.3 52 -31 6.7 +0.3
EUDV ProShares MSCI Europe Dividend Growers ETF 3.2 55 -34 5.9 -0.5
IXG iShares Global Financials ETF 3.2 42 -21 6.7 +0.3
GCOW Pacer Global Cash Cows Dividend ETF 3.2 60 -39 11.0 +4.6
LUX Tema Luxury ETF 3.1 75 -54 4.3 -2.1
FDTX Fidelity Disruptive Technology ETF 3.1 50 -29 2.6 -3.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.1 85 -64 4.0 -2.5
BCDF Horizon Kinetics Blockchain Development ETF 3.1 85 -64 3.9 -2.5
RAYD Rayliant Quantitative Developed Market Equity ETF 3.1 80 -59 4.4 -2.0
COPY Tweedy, Browne Insider + Value ETF 3.0 80 -59 11.7 +5.3
GSIB Themes Global Systemically Important Banks ETF 3.0 35 -14 9.6 +3.2
AIQ Global X Artificial Intelligence & Technology ETF 3.0 68 -47 3.8 -2.7
DIVS SmartETFs Dividend Builder ETF 3.0 65 -44 4.9 -1.5
DRIV Global X Autonomous & Electric Vehicles ETF 3.0 68 -47 5.4 -1.0
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -28 6.1 -0.3
FDEV Fidelity International Multifactor ETF 2.9 18 3 7.4 +1.0
DWX SPDR S&P International Dividend ETF 2.9 45 -24 6.2 -0.3
AGQI First Trust Active Global Quality Income ETF 2.9 85 -64 5.2 -1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.9 56 -35 11.0 +4.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.9 25 -4 5.9 -0.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.8 39 -18 -0.9 -7.3
GSFP Goldman Sachs Future Planet Equity ETF 2.8 75 -54 4.6 -1.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.8 79 -58 5.1 -1.3
IDAT iShares Future Cloud 5G and Tech ETF 2.8 47 -26 4.7 -1.7
TEMP JPMorgan Climate Change Solutions ETF 2.7 49 -28 5.7 -0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 2.7 42 -21 5.4 -1.0
IXP iShares Global Comm Services ETF 2.7 42 -21 5.6 -0.8
RODE Hartford Multifactor Diversified International ETF 2.7 29 -8 12.7 +6.3
KOKU Xtrackers MSCI Kokusai Equity ETF 2.7 9 12 5.3 -1.2
TOK iShares MSCI Kokusai ETF 2.6 26 -5 5.1 -1.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.6 60 -39 3.6 -2.8
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 -39 8.1 +1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.6 24 -3 7.5 +1.1
RCGE RockCreek Global Equality ETF 2.5 95 -74 6.3 -0.2
XT iShares Exponential Technologies ETF 2.5 46 -25 4.7 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 2.5 30 -9 6.1 -0.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.5 61 -40 1.4 -5.0
URTH iShares MSCI World ETF 2.5 24 -3 5.2 -1.2
RXI iShares Global Consumer Discretionary ETF 2.5 41 -20 9.1 +2.7
KLMT Invesco MSCI Global Climate 500 ETF 2.4 10 11 5.9 -0.6
BLES Inspire Global Hope ETF 2.4 61 -40 6.7 +0.3
HART IQ Healthy Hearts ETF 2.4 45 -24 6.6 +0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 2.4 59 -38 5.4 -1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.4 47 -26 8.5 +2.0
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -26 9.2 +2.8
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 -16 8.5 +2.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.3 50 -29 5.8 -0.6
IBAT iShares Energy Storage & Materials ETF 2.3 47 -26 5.2 -1.2
SUPL ProShares Supply Chain Logistics ETF 2.2 58 -37 11.3 +4.9
ACWI iShares MSCI ACWI ETF 2.2 32 -11 5.6 -0.8
CARZ First Trust NASDAQ Global Auto Index Fund 2.2 70 -49 5.2 -1.2
CGGO Capital Group Global Growth Equity ETF 2.2 47 -26 4.7 -1.7
FYLD Cambria Foreign Shareholder Yield ETF 2.1 59 -38 11.8 +5.4
FRNW Fidelity Clean Energy ETF 2.1 39 -18 3.9 -2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 12 5.8 -0.6
IXN iShares Global Tech ETF 2.1 41 -20 3.8 -2.6
WDIV SPDR S&P Global Dividend ETF 2.0 40 -19 9.5 +3.0
GINN Goldman Sachs Innovate Equity ETF 2.0 52 -31 3.7 -2.8
ISHP First Trust Nasdaq Retail ETF 2.0 60 -39 5.2 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.0 20 1 5.8 -0.7
RGEF Rockefeller Global Equity ETF 2.0 55 -34 4.9 -1.5
VT Vanguard Total World Stock ETF 2.0 6 15 6.0 -0.4
FEOE First Eagle Overseas Equity ETF 1.9 79 -58 8.2 +1.7
IDRV iShares Self-driving EV & Tech ETF 1.9 47 -26 1.6 -4.8
CZAR Themes Natural Monopoly ETF 1.9 35 -14 5.4 -1.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.8 65 -44 3.6 -2.8
NXTG First Trust Indxx NextG ETF 1.8 70 -49 5.2 -1.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.7 65 -44 2.2 -4.3
FEGE First Eagle Global Equity ETF 1.7 79 -58 6.9 +0.5
TTAI FCF International Quality ETF 1.6 59 -38 7.0 +0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -37 4.7 -1.7
HAP VanEck Natural Resources ETF 1.6 50 -29 9.6 +3.1
MOO VanEck Agribusiness ETF 1.6 53 -32 10.2 +3.8
KROP Global X AgTech & Food Innovation ETF 1.6 50 -29 6.4 -0.0
KNCT Invesco Next Gen Connectivity ETF 1.6 40 -19 4.9 -1.5
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 -27 1.6 -4.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.5 55 -34 7.5 +1.1
IXJ iShares Global Healthcare ETF 1.5 42 -21 7.2 +0.8
WDNA WisdomTree BioRevolution Fund 1.5 45 -24 -1.3 -7.7
DEW WisdomTree Global High Dividend Fund 1.5 58 -37 8.6 +2.2
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -74 3.5 -2.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -54 7.7 +1.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.4 68 -47 2.2 -4.2
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 -24 6.0 -0.4
IGF iShares Global Infrastructure ETF 1.3 41 -20 4.8 -1.7
GII SPDR S&P Global Infrastructure ETF 1.3 40 -19 4.8 -1.7
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 1 5.9 -0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.3 10 11 8.1 +1.7
ERET iShares Environmentally Aware Real Estate ETF 1.3 30 -9 7.4 +1.0
IFGL iShares International Developed Real Estate ETF 1.3 48 -27 7.0 +0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 -28 6.2 -0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 9 7.9 +1.5
QTUM Defiance Quantum ETF 1.2 40 -19 5.3 -1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 9 5.2 -1.2
LST Leuthold Select Industries ETF 1.2 91 -70 5.4 -1.0
CGUS Capital Group Core Equity ETF 1.2 33 -12 4.3 -2.1
GLOF iShares Global Equity Factor ETF 1.1 20 1 6.7 +0.3
CGDV Capital Group Dividend Value ETF 1.0 33 -12 4.5 -1.9
TMFG Motley Fool Global Opportunities ETF 1.0 85 -64 3.9 -2.5
IQRA IQ CBRE Real Assets ETF 1.0 65 -44 5.7 -0.7
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -68 4.8 -1.7
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 6 7.2 +0.8
BMED Future Health ETF 0.9 85 -64 0.5 -5.9
HELX Franklin Genomic Advancements ETF 0.9 50 -29 -0.3 -6.7
FDHT Fidelity Digital Health ETF 0.9 39 -18 0.9 -5.6
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -49 4.3 -2.1
MNTL Tema Neuroscience and Mental Health ETF 0.9 75 -54 -0.9 -7.3
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -44 4.2 -2.2
DFIS Dimensional International Small Cap ETF 0.7 39 -18 7.4 +1.0
SYNB Putnam BioRevolution ETF 0.7 70 -49 3.0 -3.4
IQM Franklin Intelligent Machines ETF 0.7 50 -29 2.1 -4.3
KXI iShares Global Consumer Staples ETF 0.7 41 -20 5.5 -0.9
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -44 5.2 -1.2
AGNG Global X Aging Population ETF 0.6 50 -29 4.9 -1.5
DIM WisdomTree International MidCap Dividend Fund 0.6 58 -37 7.5 +1.1
APIE ActivePassive International Equity ETF 0.5 45 -24 7.4 +1.0
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 -1 5.7 -0.7
GNOM Global X Genomics & Biotechnology ETF 0.5 50 -29 -3.6 -10.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 6 6.1 -0.3
CGGR Capital Group Growth ETF 0.4 39 -18 3.2 -3.2
WLDR Affinity World Leaders Equity ETF 0.4 67 -46 7.6 +1.2
FDNI First Trust Dow Jones International Internet ETF 0.4 65 -44 18.5 +12.1
IBUY Amplify Online Retail ETF 0.4 65 -44 1.2 -5.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -47 2.5 -4.0
FINE Themes European Luxury ETF 0.3 35 -14 3.3 -3.1
IPOS Renaissance International IPO ETF 0.3 80 -59 10.0 +3.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -51 -0.8 -7.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 17 6.2 -0.2
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 -2 8.3 +1.9
REVS Columbia Research Enhanced Value ETF 0.2 19 2 7.7 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -18 5.8 -0.6
RVRB Reverb ETF 0.1 30 -9 4.6 -1.8
RECS Columbia Research Enhanced Core ETF 0.1 15 6 5.8 -0.6
DISV Dimensional International Small Cap Value ETF 0.1 42 -21 9.5 +3.1
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 -2 5.8 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 6.9 +0.5
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 3 6.8 +0.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 4 7.0 +0.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 9 6.6 +0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 10 4.9 -1.5

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 DAX Germany ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.62
 
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.