Global X DAX Germany ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.1x 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) $307
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 14.1 %
SIEMENS AG-REG 10.4 %
ALLIANZ SE-REG 8.4 %
DEUTSCHE TELEKOM AG 6.3 %
EADS NV 6.2 %
RHEINMETALL AG 4.4 %
MUENCHENER RUECKVER AG-REG 4.4 %
SIEMENS ENERGY AG 3.9 %
DEUTSCHE BANK AG-REGISTERED 3.6 %
DEUTSCHE BOERSE AG 2.9 %
Total 64.4 %

TOP COUNTRY EXPOSURE
GERMANY 92.9 %
NETHERLANDS 6.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.0% 34.1% 12.1% 7.2% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 54%
MSCI EAFE 1.09 72%
MSCI Emg. Mkts. 0.86 48%

Technical Indicators
Recent close $44.69
30d moving avg. $44.80
Annualized volatility 20.7%
Short interest (ETF) 1.9%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 90
Turnover 1.3%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 301 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™: 6.7%


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 90.5 50 -29 6.2 -0.5
FLGR Franklin FTSE Germany ETF 77.2 9 12 7.0 +0.3
FGM First Trust Germany AlphaDEX Fund 31.9 80 -59 6.3 -0.4
FEZ SPDR EURO STOXX 50 ETF 29.4 29 -8 7.2 +0.5
EZU iShares MSCI Eurozone ETF 27.1 52 -31 6.8 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.1 45 -24 6.9 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 23.2 58 -37 6.6 -0.1
IDMO Invesco S&P International Developed Momentum ETF 17.3 25 -4 5.3 -1.4
IMTM iShares MSCI Intl Momentum Factor ETF 16.2 30 -9 5.5 -1.2
DTAN Sparkline International Intangible Value ETF 15.7 55 -34 8.5 +1.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.5 48 -27 6.1 -0.6
FEUZ First Trust Eurozone AlphaDEX ETF 15.1 80 -59 9.1 +2.4
IEV iShares Europe ETF 15.0 67 -46 6.9 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.0 46 -25 6.7 -0.0
BBEU JPMorgan BetaBuilders Europe ETF 14.7 9 12 7.2 +0.6
EUFN iShares MSCI Europe Financials ETF 14.4 51 -30 7.9 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.7 25 -4 7.3 +0.6
OSEA Harbor International Compounders ETF 13.3 55 -34 4.8 -1.8
FLEE Franklin FTSE Europe ETF 13.2 9 12 7.3 +0.6
IEUR iShares Core MSCI Europe ETF 13.2 11 10 7.4 +0.7
VGK Vanguard FTSE Europe ETF 12.9 6 15 7.5 +0.8
SPEU SPDR Portfolio Europe ETF 12.7 7 14 7.4 +0.7
CLNR IQ Cleaner Transport ETF 12.2 45 -24 6.6 -0.1
CGXU Capital Group International Focus Equity ETF 11.6 54 -33 5.6 -1.1
MOTO SmartETFs Smart Transportation & Technology ETF 11.4 68 -47 7.2 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.3 58 -37 6.9 +0.2
JIRE JPMorgan International Research Enhanced Equity ETF 11.1 24 -3 7.2 +0.5
IVLU iShares MSCI Intl Value Factor ETF 10.9 30 -9 10.4 +3.7
FEP First Trust Europe AlphaDEX Fund 10.6 80 -59 9.1 +2.4
FENI Fidelity Enhanced International ETF 10.5 28 -7 6.6 -0.1
FIVA Fidelity International Value Factor ETF 10.4 18 3 9.9 +3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 10.3 34 -13 6.1 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.2 20 1 6.3 -0.3
JHID John Hancock International High Dividend ETF 10.1 46 -25 9.5 +2.8
IQDG WisdomTree International Quality Dividend Growth Fund 10.1 42 -21 7.3 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.1 58 -37 7.1 +0.4
PATN Pacer Nasdaq International Patent Leaders ETF 10.1 65 -44 6.2 -0.5
STXI Strive International Developed Markets ETF 10.0 29 -8 6.7 0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.9 36 -15 6.5 -0.1
DIVI Franklin International Core Dividend Tilt Index ETF 9.8 9 12 7.9 +1.3
INEQ Columbia International Equity Income ETF 9.8 45 -24 8.1 +1.4
EFV iShares MSCI EAFE Value ETF 9.7 34 -13 9.1 +2.4
SHPP Pacer Industrials and Logistics ETF 9.7 60 -39 8.6 +1.9
EFA iShares MSCI EAFE ETF 9.7 35 -14 6.7 +0.0
EFG iShares MSCI EAFE Growth ETF 9.6 36 -15 4.4 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 9.6 20 1 7.1 +0.4
OCEN IQ Clean Oceans ETF 9.5 45 -24 6.0 -0.7
IQSI IQ Candriam International Equity ETF 9.5 15 6 6.6 -0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.5 35 -14 6.6 -0.1
CGIE Capital Group International Equity ETF 9.4 54 -33 5.1 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 1 6.9 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 9.0 20 1 6.7 +0.1
IDOG ALPS International Sector Dividend Dogs ETF 8.9 50 -29 12.1 +5.4
NETZ TCW Transform Systems ETF 8.7 75 -54 2.5 -4.2
AVIV Avantis International Large Cap Value ETF 8.7 25 -4 8.6 +1.9
JHMD John Hancock Multifactor Developed International ETF 8.6 39 -18 7.6 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.6 45 -24 8.8 +2.2
WRND IQ Global Equity R&D Leaders ETF 8.6 18 3 8.2 +1.6
UIVM VictoryShares International Value Momentum ETF 8.5 35 -14 8.9 +2.3
LVHI Franklin International Low Volatility High Dividend Index ET 8.5 40 -19 10.3 +3.6
BKIE BNY Mellon International Equity ETF 8.3 4 17 7.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 8.2 48 -27 7.2 +0.5
IEFA iShares Core MSCI EAFE ETF 8.2 7 14 7.0 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.2 20 1 6.5 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.2 25 -4 7.1 +0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.2 47 -26 5.8 -0.9
DFIV Dimensional International Value ETF 8.1 27 -6 9.6 +2.9
NUDM Nuveen ESG International Developed Markets Equity ETF 8.1 31 -10 6.3 -0.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 7.8 45 -24 4.0 -2.7
UMMA Wahed Dow Jones Islamic World ETF 7.7 65 -44 5.4 -1.3
BKCI BNY Mellon Concentrated International ETF 7.7 80 -59 5.3 -1.4
DIHP Dimensional International High Profitability ETF 7.6 29 -8 7.2 +0.5
PCGG Polen Capital Global Growth ETF 7.6 85 -64 3.8 -2.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.6 65 -44 8.1 +1.4
IMOM Alpha Architect International Quantitative Momentum ETF 7.5 49 -28 3.3 -3.4
FNDF Schwab Fundamental International Large Co. Index ETF 7.5 25 -4 9.6 +2.9
SCHF Schwab International Equity ETF 7.5 6 15 7.3 +0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.4 80 -59 5.0 -1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.4 9 12 9.1 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 7.3 4 17 7.0 +0.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.2 70 -49 4.8 -1.9
DFAI Dimensional International Core Equity Market ETF 7.1 18 3 7.1 +0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 7.1 12 9 5.5 -1.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.1 12 9 6.0 -0.7
DWMF WisdomTree International Multifactor Fund 7.1 38 -17 7.0 +0.4
VWID Virtus WMC International Dividend ETF 6.9 49 -28 8.5 +1.8
FICS First Trust International Developed Capital Strength ETF 6.8 70 -49 7.3 +0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 6.8 30 -9 7.0 +0.3
VEA Vanguard FTSE Developed Markets ETF 6.8 3 18 7.2 +0.5
INTF iShares International Equity Factor ETF 6.8 15 6 7.6 +0.9
IQLT iShares MSCI Intl Quality Factor ETF 6.7 30 -9 6.3 -0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.7 65 -44 12.1 +5.4
SPDW SPDR Portfolio Developed World ex-US ETF 6.6 3 18 7.0 +0.3
CIL VictoryShares International Volatility Wtd ETF 6.5 45 -24 6.6 -0.1
DFSI Dimensional International Sustainability Core 1 ETF 6.5 24 -3 6.3 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 6.4 32 -11 6.0 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 6.4 83 -62 9.4 +2.7
RFEU First Trust Riverfront Dynamic Europe ETF 6.4 83 -62 10.6 +3.9
FIDI Fidelity International High Dividend ETF 6.4 18 3 8.7 +2.0
DFIC Dimensional International Core Equity 2 ETF 6.3 23 -2 7.4 +0.7
PPIE Putnam PanAgora ESG International Equity ETF 6.3 49 -28 7.4 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.2 41 -20 7.5 +0.8
AVSD Avantis Responsible International Equity ETF 6.2 23 -2 5.7 -1.0
CWI SPDR MSCI ACWI ex-US ETF 6.1 30 -9 7.7 +1.0
DWM WisdomTree International Equity Fund 6.0 48 -27 7.4 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 6.0 34 -13 7.8 +1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.0 80 -59 9.6 +2.9
AVDE Avantis International Equity ETF 5.9 23 -2 7.4 +0.7
QINT American Century Quality Diversified International ETF 5.9 39 -18 7.3 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.9 40 -19 7.4 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 3 7.9 +1.2
JGLO JPMorgan Global Select Equity ETF 5.7 33 -12 4.9 -1.8
VIGI Vanguard International Dividend Appreciation ETF 5.7 10 11 6.3 -0.4
DGT SPDR Global Dow ETF 5.6 50 -29 7.0 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.6 39 -18 7.9 +1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.5 42 -21 7.2 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 5.5 4 17 8.1 +1.5
FDD First Trust Stoxx European Select Dividend Index Fund 5.5 58 -37 11.3 +4.7
IDHQ Invesco S&P International Developed High Quality ETF 5.4 29 -8 6.6 -0.0
PRNT 3D Printing ETF 5.4 66 -45 1.3 -5.4
DXIV Dimensional International Vector Equity ETF 5.2 34 -13 7.8 +1.1
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 14 7.9 +1.3
NATO Themes Transatlantic Defense ETF 5.1 35 -14 2.4 -4.3
VYMI Vanguard International High Dividend Yield ETF 5.1 17 4 9.5 +2.9
EXI iShares Global Industrials ETF 5.0 42 -21 4.5 -2.2
VXUS Vanguard Total International Stock ETF 5.0 5 16 7.9 +1.2
TPIF Timothy Plan International ETF 4.9 62 -41 6.2 -0.5
FAN First Trust Global Wind Energy ETF 4.6 60 -39 4.5 -2.2
BINV Brandes International ETF 4.6 70 -49 9.4 +2.8
WWJD Inspire International ETF 4.6 80 -59 7.3 +0.6
KNO AXS Knowledge Leaders ETF 4.5 78 -57 6.0 -0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.5 14 7 6.2 -0.5
VSGX Vanguard ESG International Stock ETF 4.5 10 11 7.7 +1.0
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -54 5.2 -1.5
CLOD Themes Cloud Computing ETF 4.4 35 -14 3.2 -3.5
OAIM OneAscent International Equity ETF 4.4 95 -74 5.7 -1.0
SHLD Global X Defense Tech ETF 4.4 50 -29 3.3 -3.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.3 22 -1 5.8 -0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.2 30 -9 7.9 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.2 39 -18 6.7 +0.0
IGRO iShares International Dividend Growth ETF 4.1 15 6 7.3 +0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.0 29 -8 7.7 +1.1
DSTX Distillate International Fundamental Stability & Value ETF 4.0 55 -34 7.9 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.9 80 -59 5.9 -0.8
FTAG First Trust Indxx Global Agriculture ETF 3.9 70 -49 8.2 +1.6
IVEG iShares Emergent Food and AgTech Multisector ETF 3.9 47 -26 9.2 +2.5
MXI iShares Global Materials ETF 3.9 41 -20 7.6 +0.9
FPXI First Trust International Equity Opportunities ETF 3.9 70 -49 4.2 -2.5
CGDG Capital Group Dividend Growers ETF 3.9 47 -26 6.3 -0.4
IPKW Invesco International BuyBack Achievers ETF 3.8 55 -34 12.5 +5.8
DTH WisdomTree International High Dividend Fund 3.7 58 -37 8.4 +1.8
IDV iShares International Select Dividend ETF 3.7 51 -30 10.6 +4.0
MOTI VanEck Morningstar International Moat ETF 3.7 58 -37 12.0 +5.3
GSIB Themes Global Systemically Important Banks ETF 3.6 35 -14 9.2 +2.6
ETEC iShares Breakthrough Environmental Solutions ETF 3.6 47 -26 3.3 -3.4
JXI iShares Global Utilities ETF 3.5 43 -22 5.9 -0.8
FBOT Fidelity Disruptive Automation ETF 3.5 50 -29 3.6 -3.0
IVAL Alpha Architect International Quantitative Value ETF 3.4 49 -28 9.8 +3.2
AIVI WisdomTree International AI Enhanced Value Fund 3.4 58 -37 7.0 +0.3
IOO iShares Global 100 ETF 3.4 41 -20 4.8 -1.9
JIG JPMorgan International Growth ETF 3.4 55 -34 4.8 -1.9
IXG iShares Global Financials ETF 3.3 42 -21 6.5 -0.1
IDLV Invesco S&P International Developed Low Volatility ETF 3.2 25 -4 6.3 -0.4
FDTX Fidelity Disruptive Technology ETF 3.1 50 -29 2.7 -4.0
RAYD Rayliant Quantitative Developed Market Equity ETF 3.1 80 -59 4.4 -2.3
SCHY Schwab International Dividend Equity ETF 3.0 14 7 9.7 +3.0
EUDV ProShares MSCI Europe Dividend Growers ETF 3.0 55 -34 6.2 -0.5
MOTG VanEck Morningstar Global Wide Moat ETF 3.0 52 -31 7.7 +1.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -28 6.1 -0.6
AIQ Global X Artificial Intelligence & Technology ETF 2.9 68 -47 3.8 -2.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.9 56 -35 10.7 +4.0
FDEV Fidelity International Multifactor ETF 2.9 18 3 7.5 +0.8
AGQI First Trust Active Global Quality Income ETF 2.9 85 -64 4.9 -1.8
DIVS SmartETFs Dividend Builder ETF 2.9 65 -44 5.0 -1.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.9 85 -64 3.9 -2.7
BCDF Horizon Kinetics Blockchain Development ETF 2.9 85 -64 4.1 -2.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.9 25 -4 5.9 -0.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.8 39 -18 -0.9 -7.6
GSFP Goldman Sachs Future Planet Equity ETF 2.8 75 -54 4.8 -1.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.8 79 -58 4.9 -1.8
IDAT iShares Future Cloud 5G and Tech ETF 2.8 47 -26 4.7 -2.0
TEMP JPMorgan Climate Change Solutions ETF 2.7 49 -28 5.8 -0.9
ESGG FlexShares STOXX Global ESG Select Index Fund 2.7 42 -21 5.4 -1.3
RODE Hartford Multifactor Diversified International ETF 2.7 29 -8 11.4 +4.7
KOKU Xtrackers MSCI Kokusai Equity ETF 2.7 9 12 5.2 -1.5
DRIV Global X Autonomous & Electric Vehicles ETF 2.6 68 -47 5.0 -1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.6 24 -3 7.4 +0.7
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.5 60 -39 3.6 -3.0
TOK iShares MSCI Kokusai ETF 2.5 26 -5 5.0 -1.7
RCGE RockCreek Global Equality ETF 2.5 95 -74 6.7 -0.0
COPY Tweedy, Browne Insider + Value ETF 2.5 80 -59 11.8 +5.1
IXP iShares Global Comm Services ETF 2.5 42 -21 5.6 -1.1
XT iShares Exponential Technologies ETF 2.5 46 -25 4.9 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 2.5 30 -9 5.9 -0.7
BLES Inspire Global Hope ETF 2.4 61 -40 6.8 +0.1
IBAT iShares Energy Storage & Materials ETF 2.4 47 -26 3.8 -2.9
RXI iShares Global Consumer Discretionary ETF 2.4 41 -20 9.3 +2.6
FYLD Cambria Foreign Shareholder Yield ETF 2.4 59 -38 11.6 +4.9
URTH iShares MSCI World ETF 2.4 24 -3 5.1 -1.6
HART IQ Healthy Hearts ETF 2.4 45 -24 6.6 -0.1
VCLN Virtus Duff & Phelps Clean Energy ETF 2.4 59 -38 5.0 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.4 47 -26 8.4 +1.7
CARZ First Trust NASDAQ Global Auto Index Fund 2.3 70 -49 4.8 -1.9
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -26 8.9 +2.2
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 11 5.7 -1.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 -16 8.3 +1.7
VIDI Vident International Equity Strategy ETF 2.3 61 -40 10.9 +4.3
SUPL ProShares Supply Chain Logistics ETF 2.3 58 -37 11.8 +5.1
GCOW Pacer Global Cash Cows Dividend ETF 2.2 60 -39 10.9 +4.2
CGGO Capital Group Global Growth Equity ETF 2.2 47 -26 4.7 -2.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.2 50 -29 6.0 -0.7
FRNW Fidelity Clean Energy ETF 2.1 39 -18 3.3 -3.4
ACWI iShares MSCI ACWI ETF 2.1 32 -11 5.5 -1.1
GINN Goldman Sachs Innovate Equity ETF 2.0 52 -31 3.7 -3.0
RGEF Rockefeller Global Equity ETF 2.0 55 -34 4.8 -1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.0 20 1 5.6 -1.0
IDRV iShares Self-driving EV & Tech ETF 2.0 47 -26 1.8 -4.9
ISHP First Trust Nasdaq Retail ETF 2.0 60 -39 5.4 -1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.0 9 12 5.7 -1.0
IXN iShares Global Tech ETF 1.9 41 -20 3.6 -3.1
FEOE First Eagle Overseas Equity ETF 1.8 79 -58 8.0 +1.4
VT Vanguard Total World Stock ETF 1.8 6 15 5.9 -0.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.8 65 -44 2.1 -4.6
NXTG First Trust Indxx NextG ETF 1.7 70 -49 5.3 -1.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.7 65 -44 4.3 -2.4
TTAI FCF International Quality ETF 1.6 59 -38 7.2 +0.5
FEGE First Eagle Global Equity ETF 1.6 79 -58 7.0 +0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -37 4.7 -2.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 -34 7.7 +1.1
HAP VanEck Natural Resources ETF 1.5 50 -29 9.4 +2.7
MOO VanEck Agribusiness ETF 1.5 53 -32 10.3 +3.6
KROP Global X AgTech & Food Innovation ETF 1.5 50 -29 6.6 -0.0
IXJ iShares Global Healthcare ETF 1.5 42 -21 7.3 +0.6
KNCT Invesco Next Gen Connectivity ETF 1.5 40 -19 4.8 -1.9
WDNA WisdomTree BioRevolution Fund 1.5 45 -24 -1.4 -8.1
DEW WisdomTree Global High Dividend Fund 1.5 58 -37 8.4 +1.7
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -74 3.4 -3.3
LST Leuthold Select Industries ETF 1.4 91 -70 5.1 -1.6
OGIG ALPS O'Shares Global Internet Giants ETF 1.4 48 -27 1.6 -5.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -54 7.8 +1.1
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.4 68 -47 2.4 -4.3
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -39 7.9 +1.2
IGF iShares Global Infrastructure ETF 1.3 41 -20 4.7 -2.0
GII SPDR S&P Global Infrastructure ETF 1.3 40 -19 4.7 -2.0
ANEW ProShares MSCI Transformational Changes ETF 1.2 45 -24 6.1 -0.6
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 1 6.2 -0.5
QTUM Defiance Quantum ETF 1.2 40 -19 5.5 -1.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -40 1.5 -5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 9 5.2 -1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 11 8.0 +1.3
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -9 7.3 +0.7
IFGL iShares International Developed Real Estate ETF 1.2 48 -27 7.0 +0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -28 5.8 -0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 9 8.1 +1.4
CGUS Capital Group Core Equity ETF 1.2 33 -12 4.3 -2.4
GLOF iShares Global Equity Factor ETF 1.1 20 1 6.5 -0.2
WDIV SPDR S&P Global Dividend ETF 1.1 40 -19 9.2 +2.6
CGDV Capital Group Dividend Value ETF 1.0 33 -12 4.5 -2.2
IQRA IQ CBRE Real Assets ETF 1.0 65 -44 5.7 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 6 7.0 +0.3
DFIS Dimensional International Small Cap ETF 1.0 39 -18 7.3 +0.6
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -68 4.8 -1.9
TMFG Motley Fool Global Opportunities ETF 0.9 85 -64 3.9 -2.8
FDHT Fidelity Digital Health ETF 0.8 39 -18 0.9 -5.8
MNTL Tema Neuroscience and Mental Health ETF 0.8 75 -54 -1.0 -7.6
MDEV First Trust Indxx Medical Devices ETF 0.8 70 -49 4.5 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -44 4.1 -2.5
BMED Future Health ETF 0.8 85 -64 0.5 -6.2
HELX Franklin Genomic Advancements ETF 0.8 50 -29 -0.2 -6.9
IQM Franklin Intelligent Machines ETF 0.7 50 -29 2.0 -4.7
CZAR Themes Natural Monopoly ETF 0.6 35 -14 5.7 -1.0
KXI iShares Global Consumer Staples ETF 0.6 41 -20 5.5 -1.1
APIE ActivePassive International Equity ETF 0.6 45 -24 7.6 +0.9
SYNB Putnam BioRevolution ETF 0.6 70 -49 2.9 -3.8
DIM WisdomTree International MidCap Dividend Fund 0.6 58 -37 7.5 +0.8
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 -1 5.6 -1.1
GNOM Global X Genomics & Biotechnology ETF 0.5 50 -29 -3.0 -9.7
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -44 5.4 -1.3
AGNG Global X Aging Population ETF 0.5 50 -29 4.9 -1.8
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 6 6.0 -0.7
CGGR Capital Group Growth ETF 0.4 39 -18 3.1 -3.6
WLDR Affinity World Leaders Equity ETF 0.4 67 -46 7.5 +0.9
FINE Themes European Luxury ETF 0.3 35 -14 3.5 -3.2
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -44 21.3 +14.6
IBUY Amplify Online Retail ETF 0.3 65 -44 0.9 -5.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -47 2.8 -3.8
IPOS Renaissance International IPO ETF 0.3 80 -59 2.3 -4.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -51 -0.9 -7.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 17 6.1 -0.6
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 -2 8.2 +1.5
REVS Columbia Research Enhanced Value ETF 0.2 19 2 7.5 +0.9
DISV Dimensional International Small Cap Value ETF 0.2 42 -21 9.1 +2.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -18 5.8 -0.9
RVRB Reverb ETF 0.1 30 -9 4.5 -2.2
RECS Columbia Research Enhanced Core ETF 0.1 15 6 5.6 -1.0
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 -2 5.7 -1.0
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 3 6.7 +0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 6.8 +0.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 4 7.0 +0.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 9 6.5 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 10 4.9 -1.8

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:

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 12.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.7 %
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.