Global X DAX Germany ETF
ALTAR
Score™		 6.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 15.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.9x Div.
yield		 2.5%


  • 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) $302
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) $122,645
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 13.2 %
SIEMENS AG-REG 10.7 %
ALLIANZ SE-REG 8.4 %
DEUTSCHE TELEKOM AG 6.7 %
EADS NV 6.3 %
RHEINMETALL AG 4.6 %
MUENCHENER RUECKVER AG-REG 4.3 %
SIEMENS ENERGY AG 3.7 %
DEUTSCHE BANK AG-REGISTERED 3.5 %
DEUTSCHE BOERSE AG 2.8 %
Total 64.2 %

TOP COUNTRY EXPOSURE
GERMANY 93.1 %
NETHERLANDS 6.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
35.5% 33.5% 11.6% 8.6% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.95 54%
MSCI EAFE 1.00 69%
MSCI Emg. Mkts. 0.83 51%

Technical Indicators
Recent close $44.00
30d moving avg. $44.56
Annualized volatility 19.6%
Short interest (ETF) 1.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 60
Turnover 0.9%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 298 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™: 6.8%


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 89.8 50 -29 6.4 -0.4
FLGR Franklin FTSE Germany ETF 81.3 9 12 7.2 +0.4
FGM First Trust Germany AlphaDEX Fund 32.5 80 -59 6.3 -0.5
FEZ SPDR EURO STOXX 50 ETF 28.1 29 -8 7.2 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.1 45 -24 7.0 +0.2
EZU iShares MSCI Eurozone ETF 26.2 52 -31 6.7 -0.1
HEDJ WisdomTree Europe Hedged Equity Fund 22.8 58 -37 6.7 -0.1
IDMO Invesco S&P International Developed Momentum ETF 16.2 25 -4 5.3 -1.5
FEUZ First Trust Eurozone AlphaDEX ETF 15.2 80 -59 9.1 +2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.0 46 -25 6.7 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 14.8 9 12 7.2 +0.4
DTAN Sparkline International Intangible Value ETF 14.7 55 -34 8.5 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 14.7 30 -9 5.4 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.6 25 -4 7.3 +0.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 14.5 48 -27 6.1 -0.8
IEV iShares Europe ETF 14.3 67 -46 6.9 +0.1
EUFN iShares MSCI Europe Financials ETF 13.7 51 -30 7.8 +1.0
OSEA Harbor International Compounders ETF 13.4 55 -34 4.9 -2.0
FLEE Franklin FTSE Europe ETF 13.0 9 12 7.3 +0.4
CLNR IQ Cleaner Transport ETF 12.8 45 -24 6.6 -0.2
IEUR iShares Core MSCI Europe ETF 12.6 11 10 7.4 +0.6
VGK Vanguard FTSE Europe ETF 12.3 6 15 7.5 +0.7
SPEU SPDR Portfolio Europe ETF 12.1 7 14 7.4 +0.6
MOTO SmartETFs Smart Transportation & Technology ETF 11.8 68 -47 7.2 +0.4
FIVA Fidelity International Value Factor ETF 11.5 18 3 9.8 +2.9
FENI Fidelity Enhanced International ETF 10.7 28 -7 6.5 -0.3
IVLU iShares MSCI Intl Value Factor ETF 10.5 30 -9 10.3 +3.4
FEP First Trust Europe AlphaDEX Fund 10.5 80 -59 9.0 +2.2
JIRE JPMorgan International Research Enhanced Equity ETF 10.4 24 -3 7.2 +0.3
JHID John Hancock International High Dividend ETF 10.1 46 -25 9.4 +2.6
INEQ Columbia International Equity Income ETF 10.0 45 -24 8.0 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.9 36 -15 6.6 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 9.8 9 12 7.9 +1.1
UIVM VictoryShares International Value Momentum ETF 9.8 35 -14 8.9 +2.1
OCEN IQ Clean Oceans ETF 9.7 45 -24 6.0 -0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 9.6 20 1 7.0 +0.2
IMOM Alpha Architect International Quantitative Momentum ETF 9.6 49 -28 3.2 -3.6
IMFL Invesco International Developed Dynamic Multifactor ETF 9.5 34 -13 6.1 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.5 20 1 6.3 -0.5
STXI Strive International Developed Markets ETF 9.5 29 -8 6.6 -0.2
AVIV Avantis International Large Cap Value ETF 9.5 25 -4 8.5 +1.7
IQSI IQ Candriam International Equity ETF 9.4 15 6 6.6 -0.2
SHPP Pacer Industrials and Logistics ETF 9.4 60 -39 8.7 +1.9
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 1 6.8 +0.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.3 35 -14 6.6 -0.2
EFV iShares MSCI EAFE Value ETF 9.2 34 -13 9.0 +2.2
EFA iShares MSCI EAFE ETF 9.1 35 -14 6.7 -0.2
EFG iShares MSCI EAFE Growth ETF 9.1 36 -15 4.3 -2.5
JHMD John Hancock Multifactor Developed International ETF 9.0 39 -18 7.5 +0.7
PATN Pacer Nasdaq International Patent Leaders ETF 9.0 65 -44 6.0 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.7 58 -37 7.0 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.7 25 -4 7.0 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 8.7 20 1 6.7 -0.2
IDOG ALPS International Sector Dividend Dogs ETF 8.7 50 -29 12.0 +5.2
WRND IQ Global Equity R&D Leaders ETF 8.7 18 3 8.0 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 8.6 31 -10 6.2 -0.6
CGIE Capital Group International Equity ETF 8.5 54 -33 5.1 -1.8
BKIE BNY Mellon International Equity ETF 8.3 4 17 7.0 +0.2
LVHI Franklin International Low Volatility High Dividend Index ET 8.3 40 -19 10.5 +3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.1 45 -24 8.7 +1.9
DOL WisdomTree International LargeCap Dividend Fund 8.1 48 -27 7.2 +0.3
CGXU Capital Group International Focus Equity ETF 8.0 54 -33 5.4 -1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 7.9 20 1 6.4 -0.4
DFIV Dimensional International Value ETF 7.9 27 -6 9.5 +2.7
IEFA iShares Core MSCI EAFE ETF 7.8 7 14 7.0 +0.1
DWMF WisdomTree International Multifactor Fund 7.6 38 -17 7.0 +0.2
BKCI BNY Mellon Concentrated International ETF 7.6 80 -59 5.2 -1.6
PCGG Polen Capital Global Growth ETF 7.5 85 -64 3.8 -3.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.4 80 -59 4.9 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 7.2 25 -4 9.5 +2.6
UMMA Wahed Dow Jones Islamic World ETF 7.0 65 -44 5.3 -1.5
SCHF Schwab International Equity ETF 7.0 6 15 7.2 +0.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.0 65 -44 7.8 +1.0
DIHP Dimensional International High Profitability ETF 7.0 29 -8 7.1 +0.3
CIL VictoryShares International Volatility Wtd ETF 6.9 45 -24 6.6 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.9 70 -49 4.8 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 6.9 4 17 6.9 +0.1
IQDG WisdomTree International Quality Dividend Growth Fund 6.9 42 -21 7.2 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.9 9 12 9.2 +2.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.8 47 -26 5.8 -1.0
DFAI Dimensional International Core Equity Market ETF 6.8 18 3 7.1 +0.2
QINT American Century Quality Diversified International ETF 6.8 39 -18 7.3 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.7 58 -37 7.1 +0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.7 12 9 5.9 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.7 65 -44 11.9 +5.1
DMXF iShares ESG Advanced MSCI EAFE ETF 6.7 12 9 5.5 -1.3
VWID Virtus WMC International Dividend ETF 6.5 49 -28 8.4 +1.5
VEA Vanguard FTSE Developed Markets ETF 6.5 3 18 7.1 +0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 6.5 32 -11 6.0 -0.8
IQLT iShares MSCI Intl Quality Factor ETF 6.4 30 -9 6.2 -0.6
FICS First Trust International Developed Capital Strength ETF 6.4 70 -49 7.4 +0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 6.4 30 -9 7.0 +0.1
AVSD Avantis Responsible International Equity ETF 6.4 23 -2 5.6 -1.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.4 45 -24 4.0 -2.8
FIDI Fidelity International High Dividend ETF 6.3 18 3 8.6 +1.8
INTF iShares International Equity Factor ETF 6.3 15 6 7.5 +0.7
RFEU First Trust Riverfront Dynamic Europe ETF 6.3 83 -62 10.6 +3.8
AVDE Avantis International Equity ETF 6.3 23 -2 7.3 +0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 6.2 83 -62 9.2 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 6.2 3 18 6.9 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.2 41 -20 7.4 +0.6
DFIC Dimensional International Core Equity 2 ETF 6.0 23 -2 7.3 +0.5
DWM WisdomTree International Equity Fund 6.0 48 -27 7.3 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 5.9 24 -3 6.3 -0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.8 18 3 7.8 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.8 40 -19 7.4 +0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.7 80 -59 9.4 +2.5
CWI SPDR MSCI ACWI ex-US ETF 5.7 30 -9 7.5 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.7 39 -18 7.8 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 5.6 34 -13 7.6 +0.8
PPIE Putnam PanAgora ESG International Equity ETF 5.6 49 -28 7.4 +0.6
NATO Themes Transatlantic Defense ETF 5.6 35 -14 2.4 -4.4
FDD First Trust Stoxx European Select Dividend Index Fund 5.6 58 -37 11.3 +4.4
TPIF Timothy Plan International ETF 5.5 62 -41 6.2 -0.7
DGT SPDR Global Dow ETF 5.3 50 -29 6.9 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 4 17 8.0 +1.1
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 -8 6.6 -0.2
DXIV Dimensional International Vector Equity ETF 5.1 34 -13 7.7 +0.9
EXI iShares Global Industrials ETF 5.0 42 -21 4.5 -2.3
VIGI Vanguard International Dividend Appreciation ETF 5.0 10 11 6.3 -0.5
WWJD Inspire International ETF 5.0 80 -59 7.2 +0.4
JGLO JPMorgan Global Select Equity ETF 4.9 33 -12 5.0 -1.9
PRNT 3D Printing ETF 4.9 66 -45 1.3 -5.6
IXUS iShares Core MSCI Total International Stock ETF 4.8 7 14 7.8 +0.9
VXUS Vanguard Total International Stock ETF 4.8 5 16 7.7 +0.9
VYMI Vanguard International High Dividend Yield ETF 4.8 17 4 9.5 +2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.7 14 7 6.1 -0.7
SHLD Global X Defense Tech ETF 4.6 50 -29 3.1 -3.7
FAN First Trust Global Wind Energy ETF 4.6 60 -39 4.6 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.6 39 -18 6.6 -0.2
OAIM OneAscent International Equity ETF 4.6 95 -74 5.6 -1.2
KNO AXS Knowledge Leaders ETF 4.5 78 -57 6.0 -0.8
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -54 5.2 -1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.4 29 -8 7.7 +0.9
VSGX Vanguard ESG International Stock ETF 4.2 10 11 7.5 +0.7
AGQI First Trust Active Global Quality Income ETF 4.1 85 -64 4.8 -2.0
FTAG First Trust Indxx Global Agriculture ETF 4.1 70 -49 8.4 +1.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.1 22 -1 5.7 -1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.0 30 -9 7.7 +0.9
MOTI VanEck Morningstar International Moat ETF 4.0 58 -37 11.7 +4.9
IPKW Invesco International BuyBack Achievers ETF 3.9 55 -34 12.4 +5.5
IDV iShares International Select Dividend ETF 3.9 51 -30 10.7 +3.9
RAYD Rayliant Quantitative Developed Market Equity ETF 3.9 80 -59 4.4 -2.4
NETZ TCW Transform Systems ETF 3.9 75 -54 2.4 -4.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.8 80 -59 5.9 -1.0
CLOD Themes Cloud Computing ETF 3.8 35 -14 3.1 -3.7
DSTX Distillate International Fundamental Stability & Value ETF 3.8 55 -34 7.7 +0.9
FPXI First Trust International Equity Opportunities ETF 3.7 70 -49 4.2 -2.7
FBOT Fidelity Disruptive Automation ETF 3.7 50 -29 3.7 -3.2
MXI iShares Global Materials ETF 3.6 41 -20 7.5 +0.7
IGRO iShares International Dividend Growth ETF 3.6 15 6 7.2 +0.4
DTH WisdomTree International High Dividend Fund 3.5 58 -37 8.4 +1.5
GSIB Themes Global Systemically Important Banks ETF 3.5 35 -14 9.0 +2.2
JXI iShares Global Utilities ETF 3.4 43 -22 5.9 -0.9
JIG JPMorgan International Growth ETF 3.4 55 -34 4.7 -2.2
MOTG VanEck Morningstar Global Wide Moat ETF 3.3 52 -31 7.5 +0.7
AIVI WisdomTree International AI Enhanced Value Fund 3.3 58 -37 7.1 +0.2
ETEC iShares Breakthrough Environmental Solutions ETF 3.2 47 -26 3.2 -3.6
BINV Brandes International ETF 3.2 70 -49 9.2 +2.4
IOO iShares Global 100 ETF 3.1 41 -20 4.7 -2.1
IDLV Invesco S&P International Developed Low Volatility ETF 3.1 25 -4 6.3 -0.5
IXG iShares Global Financials ETF 3.1 42 -21 6.5 -0.3
FDTX Fidelity Disruptive Technology ETF 3.1 50 -29 2.7 -4.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -28 6.1 -0.7
FDEV Fidelity International Multifactor ETF 3.0 18 3 7.4 +0.6
EUDV ProShares MSCI Europe Dividend Growers ETF 3.0 55 -34 6.3 -0.6
RODE Hartford Multifactor Diversified International ETF 3.0 29 -8 11.4 +4.6
AIQ Global X Artificial Intelligence & Technology ETF 3.0 68 -47 3.6 -3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.9 56 -35 10.5 +3.7
IVAL Alpha Architect International Quantitative Value ETF 2.9 49 -28 9.7 +2.8
SCHY Schwab International Dividend Equity ETF 2.9 14 7 9.7 +2.8
DIVS SmartETFs Dividend Builder ETF 2.8 65 -44 5.0 -1.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.8 85 -64 3.9 -2.9
BCDF Horizon Kinetics Blockchain Development ETF 2.8 85 -64 4.1 -2.7
TEMP JPMorgan Climate Change Solutions ETF 2.8 49 -28 5.8 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 2.7 42 -21 5.4 -1.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.7 39 -18 -0.9 -7.7
GSFP Goldman Sachs Future Planet Equity ETF 2.7 75 -54 4.8 -2.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.7 79 -58 4.9 -1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.7 24 -3 7.3 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 2.7 9 12 5.2 -1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.6 25 -4 5.9 -1.0
BLES Inspire Global Hope ETF 2.6 61 -40 6.8 -0.1
DRIV Global X Autonomous & Electric Vehicles ETF 2.6 68 -47 4.8 -2.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.5 60 -39 3.7 -3.2
RCGE RockCreek Global Equality ETF 2.4 95 -74 6.6 -0.2
IBAT iShares Energy Storage & Materials ETF 2.4 47 -26 3.5 -3.3
JPIN J.P. Morgan Diversified Return International Equity ETF 2.4 37 -16 8.2 +1.4
TOK iShares MSCI Kokusai ETF 2.4 26 -5 5.0 -1.9
IXP iShares Global Comm Services ETF 2.3 42 -21 5.3 -1.5
COPY Tweedy, Browne Insider + Value ETF 2.3 80 -59 11.7 +4.9
QWLD SPDR MSCI World StrategicFactors ETF 2.3 30 -9 5.9 -0.9
GINN Goldman Sachs Innovate Equity ETF 2.3 52 -31 3.6 -3.2
HART IQ Healthy Hearts ETF 2.3 45 -24 6.7 -0.2
RXI iShares Global Consumer Discretionary ETF 2.3 41 -20 9.0 +2.2
FYLD Cambria Foreign Shareholder Yield ETF 2.3 59 -38 11.4 +4.5
VCLN Virtus Duff & Phelps Clean Energy ETF 2.3 59 -38 4.7 -2.1
CGDG Capital Group Dividend Growers ETF 2.3 47 -26 6.2 -0.6
VIDI Vident International Equity Strategy ETF 2.2 61 -40 10.7 +3.9
URTH iShares MSCI World ETF 2.2 24 -3 5.0 -1.8
XT iShares Exponential Technologies ETF 2.2 46 -25 4.8 -2.0
KLMT Invesco MSCI Global Climate 500 ETF 2.2 10 11 5.6 -1.2
GCOW Pacer Global Cash Cows Dividend ETF 2.1 60 -39 11.0 +4.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.1 50 -29 5.9 -0.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.1 70 -49 4.6 -2.2
FRNW Fidelity Clean Energy ETF 2.1 39 -18 3.1 -3.7
IDRV iShares Self-driving EV & Tech ETF 2.1 47 -26 1.8 -5.1
ACWI iShares MSCI ACWI ETF 2.0 32 -11 5.5 -1.4
IQDF FlexShares International Quality Dividend Index Fund 2.0 47 -26 8.8 +2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 -26 8.2 +1.4
RGEF Rockefeller Global Equity ETF 1.9 55 -34 4.7 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.9 20 1 5.6 -1.3
FEOE First Eagle Overseas Equity ETF 1.9 79 -58 7.8 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 12 5.6 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.8 42 -21 7.0 +0.2
WDNA WisdomTree BioRevolution Fund 1.8 45 -24 -1.4 -8.2
VT Vanguard Total World Stock ETF 1.7 6 15 5.8 -1.1
IXN iShares Global Tech ETF 1.7 41 -20 3.6 -3.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.7 65 -44 2.0 -4.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.7 65 -44 4.2 -2.7
KROP Global X AgTech & Food Innovation ETF 1.7 50 -29 1.9 -4.9
HAP VanEck Natural Resources ETF 1.7 50 -29 9.3 +2.5
MOO VanEck Agribusiness ETF 1.7 53 -32 10.5 +3.7
FEGE First Eagle Global Equity ETF 1.6 79 -58 6.8 -0.1
TTAI FCF International Quality ETF 1.6 59 -38 7.3 +0.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 -34 7.6 +0.8
NXTG First Trust Indxx NextG ETF 1.5 70 -49 5.2 -1.7
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -74 3.4 -3.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.5 58 -37 4.6 -2.2
IXJ iShares Global Healthcare ETF 1.5 42 -21 7.3 +0.5
DEW WisdomTree Global High Dividend Fund 1.4 58 -37 8.3 +1.5
KNCT Invesco Next Gen Connectivity ETF 1.4 40 -19 4.7 -2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -54 7.8 +0.9
LST Leuthold Select Industries ETF 1.4 91 -70 5.0 -1.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.4 68 -47 2.4 -4.4
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 -24 6.1 -0.8
IQRA IQ CBRE Real Assets ETF 1.3 65 -44 5.7 -1.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 1 6.2 -0.7
IGF iShares Global Infrastructure ETF 1.2 41 -20 4.7 -2.1
GII SPDR S&P Global Infrastructure ETF 1.2 40 -19 4.7 -2.1
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -39 7.8 +1.0
OGIG ALPS O'Shares Global Internet Giants ETF 1.2 48 -27 1.5 -5.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 11 7.9 +1.1
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -9 7.3 +0.5
IFGL iShares International Developed Real Estate ETF 1.2 48 -27 6.9 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -28 5.7 -1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 9 8.0 +1.1
CGGO Capital Group Global Growth Equity ETF 1.2 47 -26 4.6 -2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 9 5.1 -1.7
GLOF iShares Global Equity Factor ETF 1.0 20 1 6.4 -0.4
QTUM Defiance Quantum ETF 1.0 40 -19 5.3 -1.6
WDIV SPDR S&P Global Dividend ETF 1.0 40 -19 9.2 +2.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.9 61 -40 1.3 -5.5
DFIS Dimensional International Small Cap ETF 0.9 39 -18 7.2 +0.4
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 6 7.0 +0.1
TMFG Motley Fool Global Opportunities ETF 0.9 85 -64 3.9 -2.9
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -68 4.8 -2.0
FDHT Fidelity Digital Health ETF 0.9 39 -18 0.9 -6.0
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -49 4.6 -2.2
BMED Future Health ETF 0.8 85 -64 0.5 -6.4
HELX Franklin Genomic Advancements ETF 0.8 50 -29 -0.2 -7.1
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -37 11.9 +5.1
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -44 4.1 -2.8
IQM Franklin Intelligent Machines ETF 0.7 50 -29 2.0 -4.9
KXI iShares Global Consumer Staples ETF 0.6 41 -20 5.6 -1.3
CZAR Themes Natural Monopoly ETF 0.6 35 -14 5.7 -1.2
SYNB Putnam BioRevolution ETF 0.6 70 -49 3.0 -3.9
ISHP First Trust Nasdaq Retail ETF 0.6 60 -39 5.2 -1.6
DIM WisdomTree International MidCap Dividend Fund 0.6 58 -37 7.5 +0.6
AGNG Global X Aging Population ETF 0.6 50 -29 4.9 -1.9
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -44 5.4 -1.4
WLDR Affinity World Leaders Equity ETF 0.5 67 -46 7.4 +0.5
GNOM Global X Genomics & Biotechnology ETF 0.5 50 -29 -1.1 -7.9
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 -1 5.6 -1.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 6 6.0 -0.8
APIE ActivePassive International Equity ETF 0.4 45 -24 7.3 +0.5
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -44 19.6 +12.7
IBUY Amplify Online Retail ETF 0.3 65 -44 0.8 -6.0
FINE Themes European Luxury ETF 0.3 35 -14 3.6 -3.2
IPOS Renaissance International IPO ETF 0.3 80 -59 2.2 -4.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -51 -0.9 -7.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -47 2.5 -4.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 17 6.1 -0.7
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 -2 8.1 +1.3
REVS Columbia Research Enhanced Value ETF 0.2 19 2 7.6 +0.8
DISV Dimensional International Small Cap Value ETF 0.2 42 -21 8.8 +2.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -18 5.6 -1.2
RVRB Reverb ETF 0.1 30 -9 4.5 -2.3
RECS Columbia Research Enhanced Core ETF 0.1 15 6 5.7 -1.2
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 -2 5.7 -1.1
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 3 6.7 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 6.7 -0.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 4 7.1 +0.2
CGUS Capital Group Core Equity ETF 0.0 33 -12 4.3 -2.5
CGDV Capital Group Dividend Value ETF 0.0 33 -12 4.5 -2.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 9 6.5 -0.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 10 4.8 -2.0
CGGR Capital Group Growth ETF 0.0 39 -18 3.1 -3.8

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.63
 
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.