Global X DAX Germany ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 12.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.5x Div.
yield		 3.3%


  • 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) $55
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) $93,085
Large cap (>$10bn) 98.1%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 12.8 %
SIEMENS AG-REG 9.8 %
ALLIANZ SE-REG 7.8 %
EADS NV 6.4 %
DEUTSCHE TELEKOM AG 5.5 %
DAIMLER AG-REGISTERED SHARES 4.5 %
MUENCHENER RUECKVER AG-REG 4.3 %
BASF SE 3.4 %
INFINEON TECHNOLOGIES AG 3.0 %
ADIDAS AG 2.8 %
Total 60.3 %

TOP COUNTRY EXPOSURE
GERMANY 90.7 %
NETHERLANDS 7.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.0% 12.1% 7.6% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 1.08 70%
MSCI EAFE 1.28 91%
MSCI Emg. Mkts. 1.01 61%

Technical Indicators
Recent close $32.18
30d moving avg. $29.15
Annualized volatility 22.8%
Short interest (ETF) 3.4%
Relative strength (RSI) 82

Liquidity measures
Avg. volume (thou.) 33
Turnover 1.9%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $3,759

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 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 90.7 50 -29 6.5 -0.5
FLGR Franklin FTSE Germany ETF 87.6 9 12 7.1 +0.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 87.3 45 -24 6.4 -0.5
FGM First Trust Germany AlphaDEX Fund 30.9 80 -59 9.2 +2.3
FEZ SPDR EURO STOXX 50 ETF 25.3 29 -8 6.2 -0.7
EZU iShares MSCI Eurozone ETF 23.6 52 -31 6.2 -0.8
FLEU Franklin FTSE Eurozone ETF 23.3 9 12 6.7 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 21.4 58 -37 8.4 +1.5
ESGN Columbia International ESG Equity Income ETF 21.4 45 -24 9.0 +2.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.4 45 -24 6.2 -0.7
OEUR ALPS O'Shares Europe Quality Dividend ETF 16.2 48 -27 5.7 -1.2
CLNR IQ Cleaner Transport ETF 13.9 45 -24 8.3 +1.3
EUFN iShares MSCI Europe Financials ETF 13.8 51 -30 8.1 +1.2
SHPP Pacer Industrials and Logistics ETF 12.9 60 -39 8.9 +2.0
FEUZ First Trust Eurozone AlphaDEX ETF 12.8 80 -59 8.3 +1.4
IEV iShares Europe ETF 12.4 67 -46 6.1 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 12.1 9 12 6.7 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.9 46 -25 6.3 -0.6
FLEE Franklin FTSE Europe ETF 11.7 9 12 6.8 -0.1
VGK Vanguard FTSE Europe ETF 10.9 11 10 6.8 -0.1
IEUR iShares Core MSCI Europe ETF 10.8 11 10 -1.3 -8.2
DOL WisdomTree International LargeCap Dividend Fund 10.8 48 -27 7.7 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.7 25 -4 7.4 +0.4
SPEU SPDR Portfolio Europe ETF 10.6 7 14 6.6 -0.4
IQIN IQ 500 International ETF 10.5 25 -4 8.8 +1.9
OCEN IQ Clean Oceans ETF 10.2 45 -24 5.3 -1.6
OSEA Harbor International Compounders ETF 10.1 55 -34 3.7 -3.2
JHID John Hancock International High Dividend ETF 9.9 46 -25 11.5 +4.5
RFEU First Trust Riverfront Dynamic Europe ETF 9.9 83 -62 8.7 +1.8
FIVA Fidelity International Value Factor ETF 9.9 18 3 9.3 +2.4
IVLU iShares MSCI Intl Value Factor ETF 9.9 30 -9 10.6 +3.7
FICS First Trust International Developed Capital Strength ETF 9.8 70 -49 6.1 -0.8
EFV iShares MSCI EAFE Value ETF 9.4 34 -13 9.1 +2.2
MOTI VanEck Morningstar International Moat ETF 9.4 58 -37 6.9 0.0
MOTO SmartETFs Smart Transportation & Technology ETF 9.3 68 -47 6.6 -0.3
DTH WisdomTree International High Dividend Fund 8.9 58 -37 10.1 +3.2
DMXF iShares ESG Advanced MSCI EAFE ETF 8.8 12 9 5.4 -1.5
BKCI BNY Mellon Concentrated International ETF 8.7 80 -59 5.2 -1.7
FEP First Trust Europe AlphaDEX Fund 8.7 80 -59 8.6 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 8.5 20 1 6.3 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 8.5 83 -62 9.0 +2.1
UIVM VictoryShares International Value Momentum ETF 8.5 35 -14 10.7 +3.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.2 45 -24 8.5 +1.6
WRND IQ Global Equity R&D Leaders ETF 8.2 18 3 7.2 +0.3
DWM WisdomTree International Equity Fund 8.2 48 -27 7.8 +0.9
SXUS Janus Henderson International Sustainable Equity ETF 8.1 60 -39 4.6 -2.3
EFA iShares MSCI EAFE ETF 8.0 35 -14 6.4 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.0 40 -19 7.8 +0.9
IDOG ALPS International Sector Dividend Dogs ETF 8.0 50 -29 11.6 +4.7
JIRE JPMorgan International Research Enhanced Equity ETF 8.0 24 -3 6.7 -0.2
DIVI Franklin International Core Dividend Tilt Index ETF 8.0 9 12 8.0 +1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.9 80 -59 5.4 -1.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 -44 8.4 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.7 36 -15 6.4 -0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.6 9 12 9.8 +2.8
JHMD John Hancock Multifactor Developed International ETF 7.6 39 -18 7.4 +0.5
LUXX Roundhill S&P Global Luxury ETF 7.5 45 -24 2.7 -4.2
IQSI IQ Candriam International Equity ETF 7.4 15 6 6.4 -0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.4 58 -37 6.0 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 7.3 20 1 6.7 -0.3
ESGD iShares ESG Aware MSCI EAFE ETF 7.3 20 1 6.3 -0.6
LVHI Franklin International Low Volatility High Dividend Index ET 7.2 40 -19 10.2 +3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 7.2 20 1 6.8 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 7.1 25 -4 9.1 +2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 7.1 31 -10 6.4 -0.5
LUX Tema Luxury ETF 7.1 75 -54 3.3 -3.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 7.1 20 1 6.9 -0.0
FDD First Trust Stoxx European Select Dividend Index Fund 6.9 58 -37 12.9 +6.0
IEFA iShares Core MSCI EAFE ETF 6.9 7 14 2.7 -4.2
AVIV Avantis International Large Cap Value ETF 6.9 25 -4 8.9 +2.0
EFG iShares MSCI EAFE Growth ETF 6.8 36 -15 4.1 -2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 6.8 35 -14 6.4 -0.5
GCOW Pacer Global Cash Cows Dividend ETF 6.6 60 -39 13.6 +6.7
BKIE BNY Mellon International Equity ETF 6.5 4 17 6.9 -0.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.5 45 -24 4.9 -2.0
VIGI Vanguard International Dividend Appreciation ETF 6.5 15 6 5.6 -1.4
BULD Pacer BlueStar Engineering the Future ETF 6.4 60 -39 1.2 -5.8
SCHF Schwab International Equity ETF 6.4 6 15 7.0 +0.1
VYMI Vanguard International High Dividend Yield ETF 6.3 22 -1 9.7 +2.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 6.3 20 1 10.7 +3.8
DFIV Dimensional International Value ETF 6.3 27 -6 9.8 +2.9
KOIN Capital Link Global Fintech Leaders ETF 6.3 75 -54 4.6 -2.3
DIHP Dimensional International High Profitability ETF 6.2 29 -8 6.9 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 6.2 4 17 6.7 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.1 25 -4 7.4 +0.5
VEA Vanguard FTSE Developed Markets ETF 6.0 5 16 7.0 +0.1
DFAI Dimensional International Core Equity Market ETF 6.0 18 3 6.9 -0.0
UMMA Wahed Dow Jones Islamic World ETF 5.9 65 -44 4.3 -2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.9 47 -26 5.9 -1.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 5.9 30 -9 6.8 -0.1
IDMO Invesco S&P International Developed Momentum ETF 5.8 25 -4 7.0 +0.0
BNE Blue Horizon BNE ETF 5.7 87 -66 5.0 -1.9
SPDW SPDR Portfolio Developed World ex-US ETF 5.6 3 18 6.9 -0.0
CIL VictoryShares International Volatility Wtd ETF 5.5 45 -24 6.9 -0.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 5.5 51 -30 6.8 -0.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.5 70 -49 4.6 -2.4
CGXU Capital Group International Focus Equity ETF 5.4 54 -33 4.1 -2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.4 39 -18 7.6 +0.7
IQLT iShares MSCI Intl Quality Factor ETF 5.3 30 -9 5.7 -1.2
FTAG First Trust Indxx Global Agriculture ETF 5.3 70 -49 9.1 +2.2
IVEG iShares Emergent Food and AgTech Multisector ETF 5.3 47 -26 8.3 +1.4
CWI SPDR MSCI ACWI ex-US ETF 5.3 30 -9 6.8 -0.1
DFSI Dimensional International Sustainability Core 1 ETF 5.3 24 -3 6.2 -0.7
IMTM iShares MSCI Intl Momentum Factor ETF 5.3 30 -9 6.8 -0.1
INTF iShares International Equity Factor ETF 5.3 15 6 7.8 +0.9
DSTX Distillate International Fundamental Stability & Value ETF 5.3 55 -34 8.0 +1.1
DWMF WisdomTree International Multifactor Fund 5.2 38 -17 7.3 +0.4
CLOD Themes Cloud Computing ETF 5.2 35 -14 3.7 -3.3
ACWX iShares MSCI ACWI ex U.S. ETF 5.2 34 -13 6.7 -0.2
DGT SPDR Global Dow ETF 5.1 50 -29 6.7 -0.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 5.1 39 -18 12.7 +5.7
IDV iShares International Select Dividend ETF 5.1 51 -30 12.3 +5.4
DFIC Dimensional International Core Equity 2 ETF 5.1 23 -2 7.4 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 5.0 8 13 7.2 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.0 41 -20 6.7 -0.3
AVDE Avantis International Equity ETF 4.9 23 -2 7.9 +0.9
IBOT Vaneck Robotics ETF 4.8 47 -26 3.7 -3.2
TPIF Timothy Plan International ETF 4.8 62 -41 6.7 -0.2
AIVI WisdomTree International AI Enhanced Value Fund 4.6 58 -37 8.0 +1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.6 80 -59 5.6 -1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.6 80 -59 10.8 +3.8
IGRO iShares International Dividend Growth ETF 4.6 15 6 7.1 +0.2
ISZE iShares MSCI Intl Size Factor ETF 4.5 30 -9 6.6 -0.3
VXUS Vanguard Total International Stock ETF 4.5 7 14 7.1 +0.2
CID VictoryShares International High Div Volatility Wtd ETF 4.5 45 -24 9.5 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.5 39 -18 7.3 +0.4
IXUS iShares Core MSCI Total International Stock ETF 4.4 7 14 6.9 -0.0
VSGX Vanguard ESG International Stock ETF 4.4 12 9 6.8 -0.1
KOCG FIS Knights of Columbus Global Belief ETF 4.4 75 -54 5.3 -1.6
TEMP JPMorgan Climate Change Solutions ETF 4.4 49 -28 4.7 -2.3
EUDV ProShares MSCI Europe Dividend Growers ETF 4.3 55 -34 5.0 -2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.3 14 7 6.2 -0.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.3 45 -24 6.2 -0.7
PRNT 3D Printing ETF 4.2 66 -45 -4.1 -11.0
EFAS Global X MSCI SuperDividend EAFE ETF 4.1 57 -36 9.7 +2.8
IDLV Invesco S&P International Developed Low Volatility ETF 4.1 25 -4 5.8 -1.1
WWJD Inspire International ETF 4.1 80 -59 7.1 +0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 4.0 59 -38 3.5 -3.4
FDEV Fidelity International Multifactor ETF 4.0 18 3 7.5 +0.6
FIDI Fidelity International High Dividend ETF 4.0 18 3 10.1 +3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.9 56 -35 13.9 +7.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.9 24 -3 8.6 +1.7
EXI iShares Global Industrials ETF 3.9 42 -21 4.7 -2.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.8 22 -1 6.2 -0.7
IMOM Alpha Architect International Quantitative Momentum ETF 3.6 49 -28 7.3 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 3.6 32 -11 6.7 -0.2
DIVS SmartETFs Dividend Builder ETF 3.6 65 -44 4.7 -2.3
IQDG WisdomTree International Quality Dividend Growth Fund 3.5 42 -21 5.8 -1.1
RXI iShares Global Consumer Discretionary ETF 3.5 41 -20 5.5 -1.4
JXI iShares Global Utilities ETF 3.5 43 -22 6.7 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.5 58 -37 5.6 -1.4
MXI iShares Global Materials ETF 3.4 41 -20 6.6 -0.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.4 30 -9 7.8 +0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.4 29 -8 8.8 +1.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.4 65 -44 12.8 +5.9
AIQ Global X Artificial Intelligence & Technology ETF 3.4 68 -47 4.2 -2.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.3 68 -47 5.3 -1.7
VIDI Vident International Equity Strategy ETF 3.3 61 -40 11.9 +5.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 -29 5.1 -1.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.2 72 -51 2.2 -4.7
VWID Virtus WMC International Dividend ETF 3.2 49 -28 9.4 +2.5
DRIV Global X Autonomous & Electric Vehicles ETF 3.2 68 -47 3.4 -3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.2 42 -21 6.8 -0.1
IDHQ Invesco S&P International Developed High Quality ETF 3.2 29 -8 5.8 -1.1
QINT American Century Quality Diversified International ETF 3.1 39 -18 7.4 +0.5
BLLD JPMorgan Sustainable Infrastructure ETF 3.1 49 -28 6.2 -0.7
KLDW Knowledge Leaders Developed World ETF 3.1 75 -54 4.9 -2.0
CARZ First Trust NASDAQ Global Auto Index Fund 3.0 70 -49 3.5 -3.5
IVAL Alpha Architect International Quantitative Value ETF 3.0 49 -28 5.8 -1.1
GSFP Goldman Sachs Future Planet Equity ETF 3.0 75 -54 4.5 -2.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 3.0 79 -58 5.1 -1.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.0 39 -18 -3.5 -10.4
IDRV iShares Self-driving EV & Tech ETF 2.9 47 -26 -0.5 -7.4
FYLD Cambria Foreign Shareholder Yield ETF 2.8 59 -38 12.0 +5.0
IXG iShares Global Financials ETF 2.8 42 -21 6.8 -0.1
SANE Subversive Mental Health ETF 2.8 75 -54 0.0 -6.9
IPKW Invesco International BuyBack Achievers ETF 2.8 55 -34 9.1 +2.2
SUPL ProShares Supply Chain Logistics ETF 2.8 58 -37 13.1 +6.2
SCHY Schwab International Dividend Equity ETF 2.8 14 7 9.3 +2.3
GDVD R3 Global Dividend Growth ETF 2.7 88 -67 5.8 -1.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -64 4.9 -2.1
BCDF Horizon Kinetics Blockchain Development ETF 2.7 85 -64 -0.7 -7.7
FPXI First Trust International Equity Opportunities ETF 2.7 70 -49 3.6 -3.3
SEA U.S. Global Sea to Sky Cargo ETF 2.6 60 -39 24.1 +17.1
IOO iShares Global 100 ETF 2.5 41 -20 4.8 -2.1
FAN First Trust Global Wind Energy ETF 2.5 60 -39 5.5 -1.4
XT iShares Exponential Technologies ETF 2.5 46 -25 3.9 -3.1
BECO BlackRock Future Climate and Sustainable Economy ETF 2.4 70 -49 13.7 +6.8
IQDE FlexShares International Quality Dividend Defensive Index ET 2.3 47 -26 10.7 +3.7
RODE Hartford Multifactor Diversified International ETF 2.2 29 -8 11.5 +4.6
TOK iShares MSCI Kokusai ETF 2.2 26 -5 5.3 -1.6
JPIN J.P. Morgan Diversified Return International Equity ETF 2.2 37 -16 8.7 +1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 2.2 9 12 5.5 -1.4
FDRR Fidelity Dividend ETF for Rising Rates 2.2 15 6 7.9 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.2 47 -26 10.3 +3.3
ESGG FlexShares STOXX Global ESG Select Index Fund 2.2 42 -21 5.1 -1.8
URTH iShares MSCI World ETF 2.1 24 -3 5.4 -1.5
QWLD SPDR MSCI World StrategicFactors ETF 2.1 30 -9 6.1 -0.9
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -39 9.8 +2.9
DEW WisdomTree Global High Dividend Fund 2.1 58 -37 9.1 +2.2
NTZG Nuveen Global Net Zero Transition ETF 2.0 56 -35 4.9 -2.0
ISHP First Trust Nasdaq Retail ETF 2.0 60 -39 3.2 -3.8
WLDR Affinity World Leaders Equity ETF 2.0 67 -46 8.5 +1.6
IXP iShares Global Comm Services ETF 2.0 42 -21 5.3 -1.6
BLES Inspire Global Hope ETF 2.0 61 -40 6.3 -0.6
JSTC Adasina Social Justice All Cap Global ETF 2.0 89 -68 4.8 -2.2
IDAT iShares Future Cloud 5G and Tech ETF 2.0 47 -26 4.5 -2.4
HAP VanEck Natural Resources ETF 1.9 50 -29 9.5 +2.6
MOO VanEck Agribusiness ETF 1.9 53 -32 9.4 +2.5
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 -26 10.7 +3.8
ACWI iShares MSCI ACWI ETF 1.9 32 -11 5.5 -1.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.9 25 -4 6.1 -0.9
HART IQ Healthy Hearts ETF 1.7 45 -24 5.3 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 12 5.7 -1.2
VT Vanguard Total World Stock ETF 1.7 7 14 5.8 -1.1
SHLD Global X Defense Tech ETF 1.7 50 -29 4.8 -2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.7 75 -54 7.8 +0.9
IXN iShares Global Tech ETF 1.6 41 -20 4.3 -2.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -37 4.6 -2.4
IQM Franklin Intelligent Machines ETF 1.6 50 -29 3.1 -3.9
GLIF AGF Global Infrastructure ETF 1.5 45 -24 5.5 -1.4
NXTG First Trust Indxx NextG ETF 1.5 70 -49 6.0 -0.9
WDIV SPDR S&P Global Dividend ETF 1.5 40 -19 10.2 +3.3
ANEW ProShares MSCI Transformational Changes ETF 1.5 45 -24 3.3 -3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 1 5.6 -1.3
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -31 2.7 -4.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -40 -4.0 -10.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 9 8.7 +1.8
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.3 75 -54 4.9 -2.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.3 10 11 8.2 +1.2
IFGL iShares International Developed Real Estate ETF 1.3 48 -27 7.0 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 -28 5.8 -1.1
WPS iShares International Developed Property ETF 1.3 48 -27 7.2 +0.3
DWX SPDR S&P International Dividend ETF 1.3 45 -24 7.1 +0.2
GLOF iShares Global Equity Factor ETF 1.3 20 1 7.1 +0.1
KNCT Invesco Next Gen Connectivity ETF 1.3 40 -19 5.9 -1.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -54 3.2 -3.8
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -9 7.3 +0.4
IGF iShares Global Infrastructure ETF 1.2 41 -20 5.0 -2.0
GII SPDR S&P Global Infrastructure ETF 1.2 40 -19 5.0 -2.0
RAYD Rayliant Quantitative Developed Market Equity ETF 1.2 80 -59 4.5 -2.4
BITQ Bitwise Crypto Industry Innovators ETF 1.2 85 -64 -4.7 -11.6
IXJ iShares Global Healthcare ETF 1.2 42 -21 6.1 -0.8
JIG JPMorgan International Growth ETF 1.1 55 -34 4.3 -2.6
QTUM Defiance Quantum ETF 1.1 40 -19 3.9 -3.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.1 68 -47 1.1 -5.8
CANC Tema Oncology ETF 1.1 75 -54 -4.4 -11.3
ROBO ROBO Global Robotics & Automation Index ETF 1.1 95 -74 2.8 -4.1
FFTY Innovator IBD 50 ETF 1.0 80 -59 0.1 -6.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 9 5.1 -1.9
SYNB Putnam BioRevolution ETF 1.0 70 -49 2.9 -4.0
TMFG Motley Fool Global Opportunities ETF 1.0 85 -64 3.3 -3.7
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 -27 0.5 -6.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.9 20 1 6.7 -0.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 -26 5.3 -1.6
DIM WisdomTree International MidCap Dividend Fund 0.8 58 -37 7.7 +0.8
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.8 47 -26 0.7 -6.3
IPOS Renaissance International IPO ETF 0.8 80 -59 -168.9 -175.8
LOUP Innovator Deepwater Frontier Tech ETF 0.8 70 -49 2.3 -4.6
TTAI FCF International Quality ETF 0.7 59 -38 7.4 +0.5
KXI iShares Global Consumer Staples ETF 0.7 41 -20 5.6 -1.3
CGV Conductor Global Equity Value ETF 0.7 130 -109 11.3 +4.4
SAGP Strategas Global Policy Opportunities ETF 0.7 65 -44 4.5 -2.4
FDVV Fidelity High Dividend ETF 0.7 15 6 8.9 +2.0
MVPS Amplify Thematic All-Stars ETF 0.6 49 -28 1.7 -5.3
FINE Themes European Luxury ETF 0.6 35 -14 -2.2 -9.1
BMED Future Health ETF 0.5 85 -64 0.2 -6.7
HELX Franklin Genomic Advancements ETF 0.5 50 -29 1.7 -5.2
WDNA WisdomTree BioRevolution Fund 0.5 45 -24 -4.5 -11.5
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -44 2.8 -4.1
IBUY Amplify Online Retail ETF 0.5 65 -44 1.8 -5.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -44 1.6 -5.3
CGGR Capital Group Growth ETF 0.4 39 -18 3.5 -3.5
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 -2 8.8 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 -13 10.6 +3.7
APIE ActivePassive International Equity ETF 0.2 45 -24 7.7 +0.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -18 6.9 -0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 6.7 -0.2
RVRB Reverb ETF 0.1 30 -9 5.0 -2.0
DFIS Dimensional International Small Cap ETF 0.1 39 -18 6.7 -0.2

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 10.3 %
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		 1.41 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.