Global X DAX Germany ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.5x Div.
yield		 3.2%


  • 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) $66
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) $107,003
Large cap (>$10bn) 98.4%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 15.4 %
SIEMENS AG-REG 9.9 %
ALLIANZ SE-REG 8.0 %
DEUTSCHE TELEKOM AG 7.2 %
EADS NV 5.7 %
MUENCHENER RUECKVER AG-REG 4.5 %
DEUTSCHE BOERSE AG 2.8 %
INFINEON TECHNOLOGIES AG 2.8 %
BASF SE 2.7 %
DAIMLER AG-REGISTERED SHARES 2.6 %
Total 61.7 %

TOP COUNTRY EXPOSURE
GERMANY 90.8 %
NETHERLANDS 6.4 %









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.
5.1% 23.6% 5.7% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 1.12 69%
MSCI EAFE 1.26 91%
MSCI Emg. Mkts. 1.03 60%

Technical Indicators
Recent close $32.70
30d moving avg. $34.30
Annualized volatility 23.3%
Short interest (ETF) 1.2%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.5%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,973

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 315 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™: 6.9%


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 91.3 50 -29 6.4 -0.5
FLGR Franklin FTSE Germany ETF 79.7 9 12 7.0 +0.1
FGM First Trust Germany AlphaDEX Fund 36.3 80 -59 6.0 -0.9
FEZ SPDR EURO STOXX 50 ETF 27.4 29 -8 6.8 -0.1
EZU iShares MSCI Eurozone ETF 25.8 52 -31 6.6 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 24.2 45 -24 6.5 -0.4
FLEU Franklin FTSE Eurozone ETF 23.3 9 12 7.3 +0.4
HEDJ WisdomTree Europe Hedged Equity Fund 21.4 58 -37 9.5 +2.5
EQIN Columbia US Equity Income ETF 20.3 35 -14 8.3 +1.4
DTAN Sparkline International Intangible Value ETF 15.4 55 -34 9.2 +2.2
FEUZ First Trust Eurozone AlphaDEX ETF 15.1 80 -59 6.7 -0.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 14.0 48 -27 5.7 -1.2
EUFN iShares MSCI Europe Financials ETF 13.9 51 -30 8.1 +1.2
IEV iShares Europe ETF 13.4 67 -46 6.6 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 13.0 9 12 7.1 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.8 46 -25 6.5 -0.5
SHPP Pacer Industrials and Logistics ETF 12.2 60 -39 9.9 +2.9
CLNR IQ Cleaner Transport ETF 11.7 45 -24 6.8 -0.1
IEUR iShares Core MSCI Europe ETF 11.7 11 10 7.1 +0.1
VGK Vanguard FTSE Europe ETF 11.5 11 10 7.1 +0.1
FLEE Franklin FTSE Europe ETF 11.5 9 12 7.2 +0.2
SPEU SPDR Portfolio Europe ETF 11.4 7 14 7.1 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 11.4 25 -4 7.2 +0.2
OSEA Harbor International Compounders ETF 10.9 55 -34 4.3 -2.7
IDMO Invesco S&P International Developed Momentum ETF 10.5 25 -4 5.9 -1.0
PATN Pacer Nasdaq International Patent Leaders ETF 10.3 65 -44 6.5 -0.4
DOL WisdomTree International LargeCap Dividend Fund 10.2 48 -27 7.9 +1.0
IQIN IQ 500 International ETF 10.1 25 -4 9.2 +2.3
IVLU iShares MSCI Intl Value Factor ETF 9.9 30 -9 11.4 +4.5
CGXU Capital Group International Focus Equity ETF 9.7 54 -33 4.9 -2.1
FIVA Fidelity International Value Factor ETF 9.7 18 3 10.2 +3.3
EFV iShares MSCI EAFE Value ETF 9.7 34 -13 9.4 +2.5
IMFL Invesco International Developed Dynamic Multifactor ETF 9.6 34 -13 5.9 -1.0
OCEN IQ Clean Oceans ETF 9.6 45 -24 6.1 -0.9
JHID John Hancock International High Dividend ETF 9.4 46 -25 11.3 +4.4
MOTI VanEck Morningstar International Moat ETF 9.3 58 -37 5.9 -1.0
FEP First Trust Europe AlphaDEX Fund 9.2 80 -59 7.8 +0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.1 20 1 6.5 -0.4
JIRE JPMorgan International Research Enhanced Equity ETF 8.7 24 -3 7.1 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.7 58 -37 6.5 -0.4
DIVI Franklin International Core Dividend Tilt Index ETF 8.5 9 12 8.1 +1.2
EFA iShares MSCI EAFE ETF 8.5 35 -14 6.9 -0.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.5 35 -14 6.6 -0.3
BKCI BNY Mellon Concentrated International ETF 8.4 80 -59 4.2 -2.7
UIVM VictoryShares International Value Momentum ETF 8.4 35 -14 11.0 +4.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.4 36 -15 6.6 -0.3
IQSI IQ Candriam International Equity ETF 8.2 15 6 6.6 -0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.2 65 -44 12.8 +5.8
WRND IQ Global Equity R&D Leaders ETF 8.2 18 3 7.5 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.1 45 -24 8.9 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 8.1 20 1 7.0 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 7.9 31 -10 6.7 -0.2
SXUS Janus Henderson International Sustainable Equity ETF 7.9 60 -39 4.2 -2.7
STXI Strive International Developed Markets ETF 7.9 29 -8 6.9 -0.0
HFXI IQ FTSE International Equity Currency Neutral ETF 7.9 20 1 7.1 +0.1
MOTO SmartETFs Smart Transportation & Technology ETF 7.8 68 -47 7.3 +0.4
DWM WisdomTree International Equity Fund 7.7 48 -27 8.0 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.7 40 -19 7.9 +1.0
JHMD John Hancock Multifactor Developed International ETF 7.7 39 -18 7.8 +0.8
DMXF iShares ESG Advanced MSCI EAFE ETF 7.6 12 9 5.5 -1.4
FENI Fidelity Enhanced International ETF 7.6 28 -7 8.1 +1.1
ESGD iShares ESG Aware MSCI EAFE ETF 7.5 20 1 6.9 +0.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.3 65 -44 8.2 +1.2
EFG iShares MSCI EAFE Growth ETF 7.3 36 -15 4.5 -2.4
IEFA iShares Core MSCI EAFE ETF 7.3 7 14 7.1 +0.2
BKIE BNY Mellon International Equity ETF 7.3 4 17 7.1 +0.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.3 47 -26 5.5 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 7.3 25 -4 9.9 +2.9
AVIV Avantis International Large Cap Value ETF 7.2 25 -4 9.0 +2.0
IMTM iShares MSCI Intl Momentum Factor ETF 7.2 30 -9 6.3 -0.6
DTH WisdomTree International High Dividend Fund 7.0 58 -37 10.1 +3.2
FICS First Trust International Developed Capital Strength ETF 6.9 70 -49 5.3 -1.6
PCGG Polen Capital Global Growth ETF 6.8 85 -64 3.5 -3.4
IDOG ALPS International Sector Dividend Dogs ETF 6.7 50 -29 12.8 +5.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 6.7 20 1 6.9 0.0
SCHF Schwab International Equity ETF 6.7 6 15 7.5 +0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 6.7 9 12 9.9 +3.0
RFEU First Trust Riverfront Dynamic Europe ETF 6.6 83 -62 11.1 +4.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.5 25 -4 7.2 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.4 80 -59 5.6 -1.3
DFAI Dimensional International Core Equity Market ETF 6.4 18 3 7.3 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 6.4 4 17 7.1 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 6.4 30 -9 7.3 +0.4
DIHP Dimensional International High Profitability ETF 6.3 29 -8 7.6 +0.7
VIGI Vanguard International Dividend Appreciation ETF 6.3 15 6 6.4 -0.5
DWMF WisdomTree International Multifactor Fund 6.3 38 -17 7.4 +0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.3 12 9 5.9 -1.1
UMMA Wahed Dow Jones Islamic World ETF 6.2 65 -44 4.6 -2.4
VYMI Vanguard International High Dividend Yield ETF 6.2 22 -1 9.8 +2.9
BNE Blue Horizon BNE ETF 6.1 87 -66 4.6 -2.3
VEA Vanguard FTSE Developed Markets ETF 6.1 5 16 7.3 +0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.0 80 -59 3.2 -3.7
DFIV Dimensional International Value ETF 5.9 27 -6 10.0 +3.1
BULD Pacer BlueStar Engineering the Future ETF 5.9 60 -39 1.7 -5.2
SPDW SPDR Portfolio Developed World ex-US ETF 5.9 3 18 7.2 +0.3
NETZ TCW Transform Systems ETF 5.7 75 -54 3.6 -3.4
FDD First Trust Stoxx European Select Dividend Index Fund 5.7 58 -37 13.6 +6.7
CGIE Capital Group International Equity ETF 5.6 54 -33 4.9 -2.0
IDHQ Invesco S&P International Developed High Quality ETF 5.6 29 -8 6.5 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 5.5 83 -62 10.0 +3.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 5.5 45 -24 -0.6 -7.5
IBOT Vaneck Robotics ETF 5.5 47 -26 4.1 -2.8
DFIC Dimensional International Core Equity 2 ETF 5.5 23 -2 7.7 +0.8
DFSI Dimensional International Sustainability Core 1 ETF 5.5 24 -3 6.5 -0.5
INTF iShares International Equity Factor ETF 5.4 15 6 8.2 +1.2
CWI SPDR MSCI ACWI ex-US ETF 5.3 30 -9 6.9 +0.0
IQLT iShares MSCI Intl Quality Factor ETF 5.3 30 -9 6.2 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 5.3 34 -13 7.0 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.3 41 -20 7.4 +0.5
CIL VictoryShares International Volatility Wtd ETF 5.2 45 -24 7.0 +0.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 5.2 51 -30 7.1 +0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.1 18 3 7.0 +0.1
AVDE Avantis International Equity ETF 5.1 23 -2 8.1 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.0 32 -11 6.0 -1.0
LVHI Franklin International Low Volatility High Dividend Index ET 5.0 40 -19 10.1 +3.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.9 58 -37 6.4 -0.6
IQDG WisdomTree International Quality Dividend Growth Fund 4.9 42 -21 6.8 -0.2
VWID Virtus WMC International Dividend ETF 4.9 49 -28 9.6 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 4.9 8 13 7.3 +0.3
IMOM Alpha Architect International Quantitative Momentum ETF 4.8 49 -28 5.7 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.8 39 -18 7.4 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.8 42 -21 8.1 +1.1
AVSD Avantis Responsible International Equity ETF 4.7 23 -2 7.1 +0.2
DSTX Distillate International Fundamental Stability & Value ETF 4.7 55 -34 8.0 +1.0
IDLV Invesco S&P International Developed Low Volatility ETF 4.7 25 -4 6.2 -0.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.6 80 -59 9.1 +2.2
BINV Brandes International ETF 4.6 70 -49 8.5 +1.6
IGRO iShares International Dividend Growth ETF 4.6 15 6 7.5 +0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.6 22 -1 6.6 -0.4
LUX Tema Luxury ETF 4.5 75 -54 3.0 -3.9
LUXX Roundhill S&P Global Luxury ETF 4.5 45 -24 2.9 -4.1
EFAS Global X MSCI SuperDividend EAFE ETF 4.5 57 -36 10.3 +3.3
WWJD Inspire International ETF 4.5 80 -59 7.3 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.5 39 -18 7.5 +0.6
IXUS iShares Core MSCI Total International Stock ETF 4.5 7 14 7.2 +0.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.5 45 -24 5.7 -1.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.5 70 -49 3.5 -3.4
DGT SPDR Global Dow ETF 4.4 50 -29 6.8 -0.1
VXUS Vanguard Total International Stock ETF 4.4 7 14 7.2 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.3 29 -8 8.6 +1.7
KOCG FIS Knights of Columbus Global Belief ETF 4.2 75 -54 5.0 -1.9
CLOD Themes Cloud Computing ETF 4.2 35 -14 2.6 -4.3
GCOW Pacer Global Cash Cows Dividend ETF 4.2 60 -39 12.5 +5.6
VSGX Vanguard ESG International Stock ETF 4.2 12 9 6.8 -0.2
FTAG First Trust Indxx Global Agriculture ETF 4.1 70 -49 9.7 +2.7
IVEG iShares Emergent Food and AgTech Multisector ETF 4.1 47 -26 8.0 +1.1
FYLD Cambria Foreign Shareholder Yield ETF 4.0 59 -38 13.6 +6.7
EUDV ProShares MSCI Europe Dividend Growers ETF 4.0 55 -34 5.3 -1.7
TPIF Timothy Plan International ETF 3.9 62 -41 6.8 -0.1
FDEV Fidelity International Multifactor ETF 3.9 18 3 7.8 +0.9
EXI iShares Global Industrials ETF 3.8 42 -21 4.5 -2.4
TEMP JPMorgan Climate Change Solutions ETF 3.8 49 -28 5.5 -1.4
FAN First Trust Global Wind Energy ETF 3.7 60 -39 5.5 -1.4
PRNT 3D Printing ETF 3.7 66 -45 0.7 -6.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.6 30 -9 8.0 +1.0
AIVI WisdomTree International AI Enhanced Value Fund 3.6 58 -37 8.5 +1.6
MXI iShares Global Materials ETF 3.5 41 -20 7.0 +0.1
FIDI Fidelity International High Dividend ETF 3.5 18 3 10.9 +4.0
VCLN Virtus Duff & Phelps Clean Energy ETF 3.5 59 -38 3.9 -3.1
IDV iShares International Select Dividend ETF 3.5 51 -30 12.2 +5.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.5 14 7 6.2 -0.7
QINT American Century Quality Diversified International ETF 3.4 39 -18 7.7 +0.8
OAIM OneAscent International Equity ETF 3.3 95 -74 5.1 -1.8
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.2 75 -54 7.9 +1.0
IQDE FlexShares International Quality Dividend Defensive Index ET 3.2 47 -26 14.8 +7.9
CID VictoryShares International High Div Volatility Wtd ETF 3.2 45 -24 11.9 +5.0
BLLD JPMorgan Sustainable Infrastructure ETF 3.2 49 -28 5.7 -1.2
AIQ Global X Artificial Intelligence & Technology ETF 3.1 68 -47 4.0 -2.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.1 65 -44 4.3 -2.6
KNO AXS Knowledge Leaders ETF 3.1 78 -57 4.9 -2.0
VIDI Vident International Equity Strategy ETF 3.1 61 -40 10.2 +3.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.0 24 -3 8.7 +1.7
DWX SPDR S&P International Dividend ETF 3.0 45 -24 6.5 -0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.0 56 -35 13.5 +6.6
IVAL Alpha Architect International Quantitative Value ETF 2.9 49 -28 9.5 +2.6
NATO Themes Transatlantic Defense ETF 2.9 35 -14 3.2 -3.8
XT iShares Exponential Technologies ETF 2.9 46 -25 4.8 -2.2
CGDG Capital Group Dividend Growers ETF 2.9 47 -26 6.6 -0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.9 50 -29 5.3 -1.6
JXI iShares Global Utilities ETF 2.9 43 -22 5.9 -1.0
JGLO JPMorgan Global Select Equity ETF 2.9 33 -12 4.5 -2.5
DRIV Global X Autonomous & Electric Vehicles ETF 2.9 68 -47 4.8 -2.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.8 85 -64 3.5 -3.4
BCDF Horizon Kinetics Blockchain Development ETF 2.8 85 -64 3.9 -3.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.8 39 -18 -1.7 -8.6
GSFP Goldman Sachs Future Planet Equity ETF 2.8 75 -54 4.2 -2.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.8 79 -58 5.1 -1.8
FBOT Fidelity Disruptive Automation ETF 2.8 50 -29 3.6 -3.3
MOTG VanEck Morningstar Global Wide Moat ETF 2.7 52 -31 5.6 -1.3
IBAT iShares Energy Storage & Materials ETF 2.7 47 -26 3.1 -3.8
DIVS SmartETFs Dividend Builder ETF 2.7 65 -44 5.0 -1.9
IXG iShares Global Financials ETF 2.5 42 -21 6.2 -0.7
JIG JPMorgan International Growth ETF 2.5 55 -34 4.6 -2.3
SUPL ProShares Supply Chain Logistics ETF 2.5 58 -37 14.2 +7.3
SCHY Schwab International Dividend Equity ETF 2.5 14 7 9.3 +2.4
SEA U.S. Global Sea to Sky Cargo ETF 2.5 60 -39 21.5 +14.6
IXP iShares Global Comm Services ETF 2.5 42 -21 5.1 -1.9
AGQI First Trust Active Global Quality Income ETF 2.4 85 -64 5.9 -1.1
RAYD Rayliant Quantitative Developed Market Equity ETF 2.4 80 -59 3.8 -3.1
CARZ First Trust NASDAQ Global Auto Index Fund 2.4 70 -49 3.8 -3.1
NTZG Nuveen Global Net Zero Transition ETF 2.4 56 -35 4.7 -2.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.4 25 -4 5.6 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 2.4 9 12 5.2 -1.7
RXI iShares Global Consumer Discretionary ETF 2.3 41 -20 5.4 -1.6
RODE Hartford Multifactor Diversified International ETF 2.3 29 -8 11.8 +4.9
BLES Inspire Global Hope ETF 2.3 61 -40 6.4 -0.5
GSIB Themes Global Systemically Important Banks ETF 2.3 35 -14 13.4 +6.5
ETEC iShares Breakthrough Environmental Solutions ETF 2.2 47 -26 8.0 +1.1
IOO iShares Global 100 ETF 2.2 41 -20 4.8 -2.1
GDVD R3 Global Dividend Growth ETF 2.2 88 -67 5.5 -1.4
ESGG FlexShares STOXX Global ESG Select Index Fund 2.2 42 -21 5.1 -1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 2.2 37 -16 8.9 +2.0
TTAI FCF International Quality ETF 2.1 59 -38 5.6 -1.3
TOK iShares MSCI Kokusai ETF 2.1 26 -5 5.0 -1.9
IDRV iShares Self-driving EV & Tech ETF 2.1 47 -26 -0.4 -7.4
QWLD SPDR MSCI World StrategicFactors ETF 2.1 30 -9 5.9 -1.0
KLMT Invesco MSCI Global Climate 500 ETF 2.1 10 11 5.4 -1.5
HART IQ Healthy Hearts ETF 2.1 45 -24 5.0 -2.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.0 39 -18 12.1 +5.1
ISHP First Trust Nasdaq Retail ETF 2.0 60 -39 2.9 -4.1
URTH iShares MSCI World ETF 2.0 24 -3 5.2 -1.7
FPXI First Trust International Equity Opportunities ETF 2.0 70 -49 4.9 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 1.9 60 -39 9.0 +2.0
IXN iShares Global Tech ETF 1.8 41 -20 4.5 -2.4
FDRR Fidelity Dividend ETF for Rising Rates 1.8 15 6 7.4 +0.5
ACWI iShares MSCI ACWI ETF 1.8 32 -11 5.3 -1.6
SHLD Global X Defense Tech ETF 1.8 50 -29 4.6 -2.3
DEW WisdomTree Global High Dividend Fund 1.8 58 -37 8.5 +1.6
WLDR Affinity World Leaders Equity ETF 1.7 67 -46 8.1 +1.2
IDAT iShares Future Cloud 5G and Tech ETF 1.7 47 -26 4.3 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.7 47 -26 9.4 +2.5
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -74 3.5 -3.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.6 9 12 5.4 -1.6
GINN Goldman Sachs Innovate Equity ETF 1.6 52 -31 2.8 -4.2
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -26 12.9 +6.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.6 68 -47 -0.1 -7.1
NXTG First Trust Indxx NextG ETF 1.6 70 -49 6.2 -0.7
VT Vanguard Total World Stock ETF 1.6 7 14 5.5 -1.4
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 -24 3.6 -3.4
KNCT Invesco Next Gen Connectivity ETF 1.5 40 -19 5.6 -1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.5 58 -37 4.6 -2.3
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.5 75 -54 4.6 -2.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 11 7.7 +0.7
IFGL iShares International Developed Real Estate ETF 1.5 48 -27 6.9 +0.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.5 49 -28 5.6 -1.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.5 12 9 8.3 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 1 5.2 -1.8
IQM Franklin Intelligent Machines ETF 1.4 50 -29 3.2 -3.7
WDNA WisdomTree BioRevolution Fund 1.4 45 -24 -3.8 -10.7
HAP VanEck Natural Resources ETF 1.4 50 -29 10.0 +3.1
MOO VanEck Agribusiness ETF 1.4 53 -32 9.7 +2.8
KROP Global X AgTech & Food Innovation ETF 1.4 50 -29 4.7 -2.2
TMFG Motley Fool Global Opportunities ETF 1.4 85 -64 3.2 -3.7
WDIV SPDR S&P Global Dividend ETF 1.4 40 -19 9.4 +2.4
THNR Amplify Weight Loss Drug & Treatment ETF 1.3 59 -38 5.2 -1.7
OGIG ALPS O'Shares Global Internet Giants ETF 1.3 48 -27 1.9 -5.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -40 1.2 -5.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -54 2.9 -4.1
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -9 6.5 -0.5
GLOF iShares Global Equity Factor ETF 1.2 20 1 7.0 +0.1
CZAR Themes Natural Monopoly ETF 1.2 35 -14 6.3 -0.7
IXJ iShares Global Healthcare ETF 1.1 42 -21 6.5 -0.4
FDTX Fidelity Disruptive Technology ETF 1.1 50 -29 2.8 -4.2
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 -34 9.7 +2.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.1 20 1 6.3 -0.6
QTUM Defiance Quantum ETF 1.1 40 -19 3.6 -3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 9 4.8 -2.1
BMED Future Health ETF 1.0 85 -64 -0.2 -7.2
HELX Franklin Genomic Advancements ETF 1.0 50 -29 0.4 -6.6
MDEV First Trust Indxx Medical Devices ETF 1.0 70 -49 4.3 -2.6
CANC Tema Oncology ETF 1.0 75 -54 -3.6 -10.5
IGF iShares Global Infrastructure ETF 0.9 41 -20 4.3 -2.6
GII SPDR S&P Global Infrastructure ETF 0.9 40 -19 4.3 -2.6
BECO BlackRock Future Climate and Sustainable Economy ETF 0.9 70 -49 11.9 +5.0
SYNB Putnam BioRevolution ETF 0.9 70 -49 3.0 -3.9
BIGFX Baron International Growth Retail 0.9 75 -54 3.1 -3.8
CGGO Capital Group Global Growth Equity ETF 0.9 47 -26 4.6 -2.4
GBUY Goldman Sachs Future Consumer Equity ETF 0.9 75 -54 3.3 -3.6
DIM WisdomTree International MidCap Dividend Fund 0.8 58 -37 7.7 +0.8
CGGR Capital Group Growth ETF 0.8 39 -18 3.2 -3.7
IQRA IQ CBRE Real Assets ETF 0.8 65 -44 5.2 -1.7
SAGP Strategas Global Policy Opportunities ETF 0.8 65 -44 5.3 -1.7
RGEF Rockefeller Global Equity ETF 0.7 55 -34 5.0 -2.0
KXI iShares Global Consumer Staples ETF 0.7 41 -20 5.7 -1.2
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -44 4.7 -2.2
EDOC Global X Telemedicine & Digital Health ETF Registered 0.6 68 -47 -4.1 -11.0
GNOM Global X Genomics & Biotechnology ETF 0.6 50 -29 -5.6 -12.5
FDVV Fidelity High Dividend ETF 0.6 15 6 8.7 +1.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 6 5.8 -1.2
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 -1 3.8 -3.1
IPOS Renaissance International IPO ETF 0.5 80 -59 -0.8 -7.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -51 1.0 -5.9
LOUP Innovator Deepwater Frontier Tech ETF 0.5 70 -49 1.3 -5.6
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 -6 8.6 +1.6
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -44 2.1 -4.8
IBUY Amplify Online Retail ETF 0.5 65 -44 1.4 -5.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -44 0.2 -6.7
FINE Themes European Luxury ETF 0.4 35 -14 -2.3 -9.2
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 -2 9.1 +2.2
CGUS Capital Group Core Equity ETF 0.4 33 -12 4.4 -2.5
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -68 4.9 -2.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 17 5.6 -1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 -3 7.3 +0.4
MVPS Amplify Thematic All-Stars ETF 0.3 49 -28 2.7 -4.3
DFIS Dimensional International Small Cap ETF 0.3 39 -18 6.9 -0.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 -47 2.1 -4.8
APIE ActivePassive International Equity ETF 0.2 45 -24 8.1 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -18 7.2 +0.3
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 3 6.4 -0.5
RECS Columbia Research Enhanced Core ETF 0.1 15 6 5.5 -1.5
RVRB Reverb ETF 0.1 30 -9 4.7 -2.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 7.0 +0.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 9 6.2 -0.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 4 6.9 -0.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 10 4.9 -2.0

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 10.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.60
 
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.