Global X DAX Germany ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 17.8x P/Sales
ratio		 1.5x
P/BV
ratio		 2.1x Div.
yield		 2.1%


  • 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) $221
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) $123,500
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
SIEMENS AG-REG 11.2 %
SAP AG 10.5 %
ALLIANZ SE-REG 9.6 %
SIEMENS ENERGY AG 6.7 %
AIRBUS GROUP SE 6.6 %
DEUTSCHE TELEKOM AG 5.5 %
INFINEON TECHNOLOGIES AG 4.2 %
DEUTSCHE BANK AG-REGISTERED 3.8 %
MUENCHENER RUECKVER AG-REG 3.8 %
DEUTSCHE BOERSE AG 2.9 %
Total 64.8 %

TOP COUNTRY EXPOSURE
GERMANY 92.6 %
NETHERLANDS 7.1 %









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.
5.4% 8.1% 9.5% 9.3% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.03 55%
MSCI EAFE 1.01 79%
MSCI Emg. Mkts. 0.49 47%

Technical Indicators
Recent close $45.87
30d moving avg. $45.36
Annualized volatility 16.1%
Short interest (ETF) 3.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.5%
Bid/Ask (% of price) 0.69%
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™: 6.2%


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
(%)
FLGR Franklin FTSE Germany ETF 86.1 9 12 6.7 +0.5
FGM First Trust Germany AlphaDEX Fund 32.1 80 -59 5.0 -1.1
FEZ SPDR EURO STOXX 50 ETF 29.9 29 -8 5.7 -0.5
HEZU iShares Currency Hedged MSCI Eurozone ETF 24.0 53 -32 5.4 -0.7
EZU iShares MSCI Eurozone ETF 24.0 52 -31 5.6 -0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.6 45 -24 5.5 -0.7
HEDJ WisdomTree Europe Hedged Equity Fund 20.0 58 -37 6.1 -0.1
DTAN Sparkline International Intangible Value ETF 17.3 55 -34 7.0 +0.9
BBEU JPMorgan BetaBuilders Europe ETF 13.6 9 12 6.2 0.0
OSEA Harbor International Compounders ETF 13.6 55 -34 4.5 -1.7
SHPP Pacer Industrials and Logistics ETF 13.4 60 -39 6.7 +0.5
FLEE Franklin FTSE Europe ETF 13.2 9 12 6.3 +0.1
IEV iShares Europe ETF 13.1 67 -46 5.9 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.8 46 -25 5.4 -0.8
EUFN iShares MSCI Europe Financials ETF 12.1 51 -30 6.4 +0.2
VGK Vanguard FTSE Europe ETF 11.9 6 15 6.5 +0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 11.7 25 -4 6.3 +0.1
IEUR iShares Core MSCI Europe ETF 11.7 11 10 6.4 +0.2
CLNR IQ Cleaner Transport ETF 11.4 45 -24 4.0 -2.2
MOTO SmartETFs Smart Transportation & Technology ETF 11.3 68 -47 5.6 -0.6
SPEU SPDR Portfolio Europe ETF 11.3 7 14 6.5 +0.3
JIRE JPMorgan International Research Enhanced Equity ETF 10.9 24 -3 5.7 -0.5
IVLU iShares MSCI Intl Value Factor ETF 10.1 30 -9 7.7 +1.5
OCEN IQ Clean Oceans ETF 10.0 45 -24 4.6 -1.5
JHMD John Hancock Multifactor Developed International ETF 9.8 39 -18 6.1 -0.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.3 58 -37 9.2 +3.0
FEUZ First Trust Eurozone AlphaDEX ETF 9.0 80 -59 6.5 +0.3
CGIE Capital Group International Equity ETF 9.0 54 -33 4.5 -1.7
IDHQ Invesco S&P International Developed High Quality ETF 9.0 29 -8 5.0 -1.2
INEQ Columbia International Equity Income ETF 9.0 45 -24 7.5 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 8.8 20 1 5.5 -0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 8.8 35 -14 5.5 -0.7
FIVA Fidelity International Value Factor ETF 8.7 18 3 7.0 +0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.7 58 -37 6.4 +0.3
EFG iShares MSCI EAFE Growth ETF 8.6 36 -15 3.8 -2.4
IMOM Alpha Architect International Quantitative Momentum ETF 8.5 49 -28 4.5 -1.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 8.4 79 -58 3.7 -2.4
HEFA iShares Currency Hedged MSCI EAFE ETF 8.4 35 -14 5.7 -0.5
EFA iShares MSCI EAFE ETF 8.3 35 -14 5.6 -0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 8.3 65 -44 7.1 +0.9
STXI Strive International Developed Markets ETF 8.3 29 -8 6.4 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.3 36 -15 5.2 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 8.2 20 1 5.7 -0.5
GCOW Pacer Global Cash Cows Dividend ETF 8.1 60 -39 9.2 +3.0
EFV iShares MSCI EAFE Value ETF 8.1 34 -13 7.2 +1.0
DFIV Dimensional International Value ETF 8.1 27 -6 7.4 +1.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 7.9 48 -27 4.8 -1.4
ESGD iShares ESG Aware MSCI EAFE ETF 7.9 20 1 5.6 -0.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.9 70 -49 4.1 -2.1
DIHP Dimensional International High Profitability ETF 7.8 29 -8 5.7 -0.5
PATN Pacer Nasdaq International Patent Leaders ETF 7.8 65 -44 4.1 -2.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.7 9 12 7.6 +1.4
IVSI Applied Finance IVS International Large ETF 7.6 65 -44 5.8 -0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.6 58 -37 5.3 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 7.5 42 -21 5.7 -0.5
FENI Fidelity Enhanced International ETF 7.5 28 -7 5.7 -0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 7.4 31 -10 5.4 -0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 7.4 20 1 5.5 -0.7
BKIE BNY Mellon International Equity ETF 7.4 4 17 17.5 +11.3
DIVI Franklin International Core Dividend Tilt Index ETF 7.3 9 12 6.4 +0.2
IDMO Invesco S&P International Developed Momentum ETF 7.2 25 -4 5.0 -1.2
IEFA iShares Core MSCI EAFE ETF 7.2 7 14 5.9 -0.3
MOTI VanEck Morningstar International Moat ETF 7.2 58 -37 10.2 +4.1
DMXF iShares ESG Advanced MSCI EAFE ETF 7.1 12 9 4.8 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 7.0 25 -4 7.1 +0.9
SCHY Schwab International Dividend Equity ETF 7.0 14 7 8.4 +2.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 6.9 30 -9 5.9 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.8 25 -4 6.0 -0.2
IQSI IQ Candriam International Equity ETF 6.7 15 6 5.5 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 6.7 45 -24 6.5 +0.3
NETZ TCW Transform Systems ETF 6.6 75 -54 1.5 -4.7
IDOG ALPS International Sector Dividend Dogs ETF 6.5 50 -29 9.0 +2.8
UMMA Wahed Dow Jones Islamic World ETF 6.4 65 -44 3.6 -2.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 6.4 20 1 5.6 -0.6
DOL WisdomTree International LargeCap Dividend Fund 6.4 48 -27 5.5 -0.7
DFAI Dimensional International Core Equity Market ETF 6.3 18 3 5.9 -0.3
FICS First Trust International Developed Capital Strength ETF 6.3 70 -49 6.8 +0.6
SCHF Schwab International Equity ETF 6.3 6 15 5.8 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 6.3 4 17 5.9 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 6.2 30 -9 5.4 -0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 6.2 83 -62 7.3 +1.1
AVIV Avantis International Large Cap Value ETF 6.2 25 -4 6.7 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.0 47 -26 5.0 -1.2
DFSI Dimensional International Sustainability Core 1 ETF 5.9 24 -3 5.5 -0.7
DFIC Dimensional International Core Equity 2 ETF 5.9 23 -2 6.1 -0.1
VIGI Vanguard International Dividend Appreciation ETF 5.9 10 11 5.9 -0.3
VEA Vanguard FTSE Developed Markets ETF 5.9 3 18 5.8 -0.4
INTF iShares International Equity Factor ETF 5.8 15 6 6.3 +0.1
JHID John Hancock International High Dividend ETF 5.8 46 -25 7.7 +1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.8 65 -44 7.9 +1.7
FEP First Trust Europe AlphaDEX Fund 5.8 80 -59 6.7 +0.6
AVSD Avantis Responsible International Equity ETF 5.6 23 -2 5.8 -0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 5.6 12 9 5.3 -0.9
UIVM VictoryShares International Value Momentum ETF 5.5 35 -14 7.7 +1.5
PIEL Pacer International Export Leaders ETF 5.5 60 -39 4.1 -2.1
SPDW SPDR Portfolio Developed World ex-US ETF 5.5 3 18 5.7 -0.5
CLOD Themes Cloud Computing ETF 5.5 35 -14 3.0 -3.1
CGXU Capital Group International Focus Equity ETF 5.4 54 -33 3.7 -2.5
WRND IQ Global Equity R&D Leaders ETF 5.4 18 3 4.1 -2.1
AVDE Avantis International Equity ETF 5.4 23 -2 6.1 -0.1
FDD First Trust Stoxx European Select Dividend Index Fund 5.4 58 -37 9.3 +3.1
FTAG First Trust Indxx Global Agriculture ETF 5.4 70 -49 6.7 +0.6
EXI iShares Global Industrials ETF 5.3 42 -21 3.7 -2.5
BKCI BNY Mellon Concentrated International ETF 5.3 80 -59 5.0 -1.2
JIG JPMorgan International Growth ETF 5.2 55 -34 3.6 -2.6
FPXI First Trust International Equity Opportunities ETF 5.2 70 -49 4.1 -2.1
DWM WisdomTree International Equity Fund 5.2 48 -27 5.5 -0.7
PRNT 3D Printing ETF 5.1 66 -45 1.2 -5.0
QINT American Century Quality Diversified International ETF 5.1 39 -18 6.4 +0.3
CWI SPDR MSCI ACWI ex-US ETF 5.1 30 -9 6.3 +0.1
WWJD Inspire International ETF 5.1 80 -59 6.1 -0.1
DWMF WisdomTree International Multifactor Fund 5.1 38 -17 6.8 +0.6
DXIV Dimensional International Vector Equity ETF 5.0 34 -13 6.4 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.0 40 -19 5.6 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.9 34 -13 6.2 +0.0
IMFL Invesco International Developed Dynamic Multifactor ETF 4.8 34 -13 5.1 -1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.8 18 3 6.2 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.7 41 -20 5.9 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 4.7 4 17 6.6 +0.4
LVHI Franklin International Low Volatility High Dividend Index ET 4.7 40 -19 7.4 +1.2
EUDV ProShares MSCI Europe Dividend Growers ETF 4.6 55 -34 5.9 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.6 39 -18 6.7 +0.5
FIDI Fidelity International High Dividend ETF 4.5 18 3 6.9 +0.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.5 58 -37 3.6 -2.5
IMTM iShares MSCI Intl Momentum Factor ETF 4.5 30 -9 4.6 -1.6
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -54 4.6 -1.6
JIVE JPMorgan International Value ETF 4.5 55 -34 7.8 +1.6
VSGX Vanguard ESG International Stock ETF 4.4 10 11 6.4 +0.2
VXUS Vanguard Total International Stock ETF 4.3 5 16 6.5 +0.3
IXUS iShares Core MSCI Total International Stock ETF 4.3 7 14 6.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 4.2 17 4 7.6 +1.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 4.2 39 -18 1.2 -5.0
JXI iShares Global Utilities ETF 4.2 43 -22 5.5 -0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.1 14 7 5.2 -1.0
ROBO ROBO Global Robotics & Automation Index ETF 4.1 95 -74 2.5 -3.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.1 32 -11 5.3 -0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.0 80 -59 5.4 -0.8
FAN First Trust Global Wind Energy ETF 4.0 60 -39 3.0 -3.2
GSIB Themes Global Systemically Important Banks ETF 3.8 35 -14 7.3 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.8 29 -8 6.9 +0.7
NATO Themes Transatlantic Defense ETF 3.8 35 -14 2.0 -4.2
DGT State Street SPDR Global Dow ETF 3.7 50 -29 5.5 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.7 30 -9 6.2 +0.1
AIVI WisdomTree International AI Enhanced Value Fund 3.6 58 -37 6.0 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.6 39 -18 6.1 -0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.4 22 -1 5.5 -0.7
DINT Davis Select International ETF 3.4 55 -34 6.1 -0.1
IDV iShares International Select Dividend ETF 3.4 51 -30 8.9 +2.7
DTH WisdomTree International High Dividend Fund 3.4 58 -37 7.0 +0.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -59 3.7 -2.5
FBOT Fidelity Disruptive Automation ETF 3.2 50 -29 3.0 -3.2
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 -31 8.1 +1.9
POW VistaShares Electrification Supercycle ETF 3.1 75 -54 2.4 -3.8
LOUP Innovator Deepwater Frontier Tech ETF 3.1 70 -49 1.0 -5.2
GEW Cambria Global EW ETF 3.1 29 -8 5.3 -0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.1 56 -35 9.2 +3.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.0 50 -29 5.6 -0.5
VCLN Virtus Duff & Phelps Clean Energy ETF 3.0 59 -38 2.7 -3.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.0 75 -54 1.9 -4.3
IXG iShares Global Financials ETF 3.0 42 -21 5.8 -0.4
KBWR Invesco KBW Regional Banking ETF 2.9 35 -14 8.5 +2.3
BCDF Horizon Kinetics Blockchain Development ETF 2.9 85 -64 3.7 -2.5
TPIF Timothy Plan International ETF 2.9 62 -41 5.5 -0.7
MXI iShares Global Materials ETF 2.9 41 -20 5.9 -0.3
IXP iShares Global Comm Services ETF 2.8 42 -21 5.8 -0.4
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.8 85 -64 2.6 -3.6
KNO AXS Knowledge Leaders ETF 2.8 78 -57 4.0 -2.2
XT iShares Exponential Technologies ETF 2.8 46 -25 4.0 -2.2
DIVS SmartETFs Dividend Builder ETF 2.8 65 -44 4.4 -1.8
IGRO iShares International Dividend Growth ETF 2.7 15 6 6.6 +0.4
SHLD Global X Defense Tech ETF 2.7 50 -29 3.3 -2.9
WAR U.S. Global Tech and Aerospace & Defense ETF 2.7 60 -39 0.2 -6.0
MOO VanEck Agribusiness ETF 2.7 53 -32 8.5 +2.3
KROP Global X AgTech & Food Innovation ETF 2.7 50 -29 6.2 +0.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.7 47 -26 -0.3 -6.5
HAP VanEck Natural Resources ETF 2.7 50 -29 6.2 +0.1
CGGO Capital Group Global Growth Equity ETF 2.7 47 -26 4.1 -2.1
IBAT iShares Energy Storage & Materials ETF 2.7 47 -26 1.6 -4.6
AIQ Global X Artificial Intelligence & Technology ETF 2.7 68 -47 2.7 -3.5
IOO iShares Global 100 ETF 2.6 41 -20 3.8 -2.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.6 42 -21 4.1 -2.1
IGF iShares Global Infrastructure ETF 2.6 41 -20 4.5 -1.7
GII SPDR S&P Global Infrastructure ETF 2.6 40 -19 4.5 -1.7
DRIV Global X Autonomous & Electric Vehicles ETF 2.6 68 -47 3.5 -2.7
RCGE RockCreek Global Equality ETF 2.5 95 -74 5.9 -0.3
FRGN Horizon International Equity ETF 2.5 75 -54 7.7 +1.5
BLES Inspire Global Hope ETF 2.5 61 -40 5.7 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.5 24 -3 6.8 +0.6
FID First Trust S&P International Dividend Aristocrats ETF 2.5 60 -39 7.5 +1.3
ICPY Tweedy, Browne International Insider Value ETF 2.4 80 -59 20.4 +14.3
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 11 4.9 -1.3
DWLD Davis Select Worldwide ETF 2.3 63 -42 7.0 +0.8
HUMN Roundhill Humanoid Robotics ETF 2.3 75 -54 1.5 -4.7
WUGI AXS Esoterica NextG Economy ETF 2.3 75 -54 1.6 -4.6
KOKU Xtrackers MSCI Kokusai Equity ETF 2.3 9 12 4.4 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 2.2 30 -9 5.1 -1.1
DSTX Distillate International Fundamental Stability & Value ETF 2.2 55 -34 6.4 +0.2
FTRI First Trust Indxx Global Natural Resources Income ETF 2.2 70 -49 6.2 +0.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.2 46 -25 5.4 -0.8
TOK iShares MSCI Kokusai ETF 2.1 26 -5 4.3 -1.9
HART IQ Healthy Hearts ETF 2.1 45 -24 6.0 -0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -59 6.6 +0.4
URTH iShares MSCI World ETF 2.0 24 -3 4.3 -1.9
CZAR Themes Natural Monopoly ETF 2.0 35 -14 5.3 -0.9
RXI iShares Global Consumer Discretionary ETF 2.0 41 -20 8.7 +2.5
CGDG Capital Group Dividend Growers ETF 2.0 47 -26 5.1 -1.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.0 60 -39 3.5 -2.7
IQDF FlexShares International Quality Dividend Index Fund 2.0 47 -26 7.2 +1.0
CARZ First Trust NASDAQ Global Auto Index Fund 2.0 70 -49 2.4 -3.8
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -36 7.0 +0.8
FDEV Fidelity International Multifactor ETF 2.0 18 3 7.0 +0.8
JPIN J.P. Morgan Diversified Return International Equity ETF 1.9 37 -16 6.8 +0.7
FEOE First Eagle Overseas Equity ETF 1.9 79 -58 6.0 -0.2
WDIV SPDR S&P Global Dividend ETF 1.9 40 -19 8.8 +2.6
IDLV Invesco S&P International Developed Low Volatility ETF 1.9 25 -4 6.2 +0.1
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -59 14.2 +8.1
ACWI iShares MSCI ACWI ETF 1.8 32 -11 4.6 -1.6
FRNW Fidelity Clean Energy ETF 1.7 39 -18 2.1 -4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 12 4.8 -1.4
TTAI FCF International Quality ETF 1.6 59 -38 7.1 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.6 25 -4 5.5 -0.7
VT Vanguard Total World Stock ETF 1.6 6 15 4.9 -1.2
GINX SGI Enhanced Global Income ETF 1.6 98 -77 6.3 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 -26 7.0 +0.8
RGEF Rockefeller Global Equity ETF 1.5 55 -34 3.8 -2.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 1 4.7 -1.5
NXTG First Trust Indxx NextG ETF 1.5 70 -49 3.4 -2.8
TCAI Tortoise AI Infrastructure ETF 1.5 65 -44 1.5 -4.7
FEGE First Eagle Global Equity ETF 1.5 79 -58 5.9 -0.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -44 1.4 -4.8
VIDI Vident International Equity Strategy ETF 1.4 61 -40 7.9 +1.7
DEW WisdomTree Global High Dividend Fund 1.4 58 -37 7.0 +0.8
IDRV iShares Self-driving EV & Tech ETF 1.4 47 -26 1.5 -4.7
IBLC iShares Blockchain and Tech ETF 1.4 47 -26 -1.3 -7.5
AGQI First Trust Active Global Quality Income ETF 1.3 85 -64 6.3 +0.1
WDNA WisdomTree BioRevolution Fund 1.3 45 -24 -1.8 -8.0
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -31 3.7 -2.5
FPAG FPA Global Equity ETF 1.3 49 -28 5.6 -0.6
DFIS Dimensional International Small Cap ETF 1.3 39 -18 6.0 -0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 1.2 42 -21 4.0 -2.2
JGLO JPMorgan Global Select Equity ETF 1.2 33 -12 4.3 -1.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -28 4.6 -1.6
IXJ iShares Global Healthcare ETF 1.2 42 -21 6.2 +0.0
IPAV Global X Infrastructure Development ex-U.S. ETF 1.2 55 -34 5.9 -0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.2 72 -51 2.6 -3.6
OGIG ALPS O'Shares Global Internet Giants ETF 1.1 48 -27 2.5 -3.7
IXN iShares Global Tech ETF 1.1 41 -20 2.6 -3.6
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 -38 9.5 +3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 9 4.4 -1.8
DIM WisdomTree International MidCap Dividend Fund 1.0 58 -37 6.1 -0.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.0 65 -44 4.2 -2.0
FDTX Fidelity Disruptive Technology ETF 1.0 50 -29 1.6 -4.6
QTUM Defiance Quantum ETF 0.9 40 -19 3.8 -2.4
AGIX KraneShares Artificial Intelligence and Technology ETF 0.9 99 -78 1.1 -5.1
PCGG Polen Capital Global Growth ETF 0.9 85 -64 3.9 -2.3
GLOF iShares Global Equity Factor ETF 0.8 20 1 5.5 -0.7
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 6 5.5 -0.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.8 68 -47 2.1 -4.1
MDEV First Trust Indxx Medical Devices ETF 0.8 70 -49 4.9 -1.3
FDHT Fidelity Digital Health ETF 0.8 39 -18 1.8 -4.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.8 20 1 5.6 -0.6
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -37 7.7 +1.6
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 -9 7.0 +0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 9 8.8 +2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 11 8.8 +2.6
IFGL iShares International Developed Real Estate ETF 0.8 48 -27 7.6 +1.4
IQM Franklin Intelligent Machines ETF 0.8 50 -29 1.2 -5.0
ISHP First Trust Nasdaq Retail ETF 0.8 60 -39 5.5 -0.7
KNCT Invesco Next Gen Connectivity ETF 0.8 40 -19 2.9 -3.3
DISV Dimensional International Small Cap Value ETF 0.7 42 -21 7.7 +1.5
BINV Brandes International ETF 0.7 70 -49 8.4 +2.2
GKAT Scharf Global Opportunity ETF 0.7 57 -36 5.8 -0.4
TMFG Motley Fool Global Opportunities ETF 0.7 85 -64 3.8 -2.4
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 -24 4.3 -1.9
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -44 3.4 -2.8
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 -2 7.1 +1.0
FDNI First Trust Dow Jones International Internet ETF 0.6 65 -44 26.8 +20.7
CGUS Capital Group Core Equity ETF 0.6 33 -12 3.6 -2.6
KXI iShares Global Consumer Staples ETF 0.6 41 -20 5.5 -0.7
DRNZ REX Drone ETF 0.5 65 -44 -1.9 -8.1
AQLT iShares MSCI Global Quality Factor ETF 0.5 18 3 0.0 -6.2
APIE ActivePassive International Equity ETF 0.5 45 -24 6.3 +0.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -68 4.3 -1.9
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -44 4.9 -1.3
AGNG Global X Aging Population ETF 0.4 50 -29 4.3 -1.9
IVAL Alpha Architect International Quantitative Value ETF 0.4 49 -28 7.3 +1.1
CGV Conductor Global Equity Value ETF 0.4 130 -109 7.6 +1.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 -17 3.9 -2.3
CGGR Capital Group Growth ETF 0.3 39 -18 2.7 -3.5
BUYZ Franklin Disruptive Commerce ETF 0.3 50 -29 2.6 -3.6
JDOC JPMorgan Healthcare Leaders ETF 0.3 65 -44 3.4 -2.8
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 -21 6.8 +0.6
IBUY Amplify Online Retail ETF 0.3 65 -44 2.3 -3.8
ARB AltShares Merger Arbitrage ETF 0.2 77 -56 2.7 -3.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -19 6.0 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -28 5.9 -0.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -18 6.6 +0.4
RVRB Reverb ETF 0.1 30 -9 3.9 -2.3
WSML iShares MSCI World Small-Cap ETF 0.1 15 6 5.3 -0.9
WSGE Warren Street Global Equity ETF 0.0 80 -59 2.9 -3.3
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -44 0.0 -6.2

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

  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 12.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.64
 
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.