Global X DAX Germany ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.4x P/Sales
ratio		 1.3x
P/BV
ratio		 1.9x Div.
yield		 2.4%


  • 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) $273
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) $127,048
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 16.6 %
SIEMENS AG-REG 9.5 %
ALLIANZ SE-REG 8.6 %
DEUTSCHE TELEKOM AG 6.9 %
EADS NV 5.5 %
MUENCHENER RUECKVER AG-REG 4.7 %
RHEINMETALL AG 4.2 %
DEUTSCHE BOERSE AG 3.3 %
SIEMENS ENERGY AG 3.0 %
DEUTSCHE BANK AG-REGISTERED 2.8 %
Total 65.0 %

TOP COUNTRY EXPOSURE
GERMANY 94.0 %
NETHERLANDS 6.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.6% 30.5% 15.2% 6.3% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 57%
MSCI EAFE 1.22 86%
MSCI Emg. Mkts. 0.98 55%

Technical Indicators
Recent close $42.89
30d moving avg. $39.78
Annualized volatility 22.3%
Short interest (ETF) 0.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 157
Turnover 2.5%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 305 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™: 6.6%


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 92.5 50 -29 6.3 -0.3
FLGR Franklin FTSE Germany ETF 79.6 9 12 6.8 +0.1
FGM First Trust Germany AlphaDEX Fund 40.9 80 -59 8.3 +1.6
FEZ SPDR EURO STOXX 50 ETF 29.0 29 -8 7.1 +0.5
EZU iShares MSCI Eurozone ETF 27.8 52 -31 6.8 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.1 45 -24 6.7 +0.1
HEDJ WisdomTree Europe Hedged Equity Fund 23.1 58 -37 6.4 -0.2
IDMO Invesco S&P International Developed Momentum ETF 17.9 25 -4 5.5 -1.1
DTAN Sparkline International Intangible Value ETF 16.1 55 -34 8.4 +1.8
FEUZ First Trust Eurozone AlphaDEX ETF 15.5 80 -59 9.6 +3.0
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.1 48 -27 5.9 -0.7
IEV iShares Europe ETF 15.0 67 -46 6.9 +0.3
EUFN iShares MSCI Europe Financials ETF 15.0 51 -30 8.3 +1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.0 46 -25 6.6 0.0
BBEU JPMorgan BetaBuilders Europe ETF 14.7 9 12 7.2 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.7 25 -4 7.4 +0.7
OSEA Harbor International Compounders ETF 13.7 55 -34 4.7 -2.0
IEUR iShares Core MSCI Europe ETF 13.3 11 10 7.4 +0.8
FLEE Franklin FTSE Europe ETF 13.2 9 12 7.3 +0.6
VGK Vanguard FTSE Europe ETF 13.1 11 10 7.4 +0.8
SHPP Pacer Industrials and Logistics ETF 13.0 60 -39 8.3 +1.7
IMOM Alpha Architect International Quantitative Momentum ETF 12.9 49 -28 4.6 -2.0
SPEU SPDR Portfolio Europe ETF 12.9 7 14 7.4 +0.8
IVLU iShares MSCI Intl Value Factor ETF 11.9 30 -9 11.0 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 11.8 30 -9 5.5 -1.2
CLNR IQ Cleaner Transport ETF 11.7 45 -24 6.9 +0.3
CGXU Capital Group International Focus Equity ETF 11.7 54 -33 5.8 -0.8
MOTO SmartETFs Smart Transportation & Technology ETF 11.2 68 -47 7.6 +1.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.1 58 -37 6.8 +0.2
JIRE JPMorgan International Research Enhanced Equity ETF 11.1 24 -3 7.4 +0.7
IMFL Invesco International Developed Dynamic Multifactor ETF 10.8 34 -13 6.0 -0.6
FEP First Trust Europe AlphaDEX Fund 10.7 80 -59 9.6 +3.0
FENI Fidelity Enhanced International ETF 10.5 28 -7 6.9 +0.3
EFV iShares MSCI EAFE Value ETF 10.5 34 -13 9.4 +2.8
FIVA Fidelity International Value Factor ETF 10.4 18 3 10.5 +3.9
PATN Pacer Nasdaq International Patent Leaders ETF 10.4 65 -44 6.6 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.3 20 1 6.5 -0.1
STXI Strive International Developed Markets ETF 10.2 29 -8 7.1 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.9 36 -15 6.7 +0.1
IQDG WisdomTree International Quality Dividend Growth Fund 9.9 42 -21 7.1 +0.5
EFA iShares MSCI EAFE ETF 9.8 35 -14 7.0 +0.4
DIVI Franklin International Core Dividend Tilt Index ETF 9.8 9 12 8.2 +1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.8 58 -37 6.8 +0.2
JHID John Hancock International High Dividend ETF 9.8 46 -25 11.0 +4.4
INEQ Columbia International Equity Income ETF 9.8 45 -24 8.7 +2.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.7 35 -14 6.8 +0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 9.6 20 1 7.3 +0.6
IQSI IQ Candriam International Equity ETF 9.5 15 6 6.7 +0.1
CGIE Capital Group International Equity ETF 9.4 54 -33 5.0 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 1 7.2 +0.5
OCEN IQ Clean Oceans ETF 9.3 45 -24 6.6 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.3 45 -24 9.2 +2.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 9.2 80 -59 5.1 -1.6
EFG iShares MSCI EAFE Growth ETF 9.1 36 -15 4.4 -2.2
ESGD iShares ESG Aware MSCI EAFE ETF 9.0 20 1 7.0 +0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.9 65 -44 12.1 +5.4
AVIV Avantis International Large Cap Value ETF 8.8 25 -4 9.1 +2.5
JHMD John Hancock Multifactor Developed International ETF 8.6 39 -18 7.8 +1.2
WRND IQ Global Equity R&D Leaders ETF 8.6 18 3 8.9 +2.2
UIVM VictoryShares International Value Momentum ETF 8.6 35 -14 9.6 +3.0
LVHI Franklin International Low Volatility High Dividend Index ET 8.6 40 -19 10.8 +4.2
NETZ TCW Transform Systems ETF 8.5 75 -54 3.0 -3.7
IEFA iShares Core MSCI EAFE ETF 8.4 7 14 7.3 +0.7
BULD Pacer BlueStar Engineering the Future ETF 8.4 60 -39 1.6 -5.0
DIHP Dimensional International High Profitability ETF 8.3 29 -8 7.3 +0.7
BKIE BNY Mellon International Equity ETF 8.3 4 17 7.3 +0.6
DFIV Dimensional International Value ETF 8.3 27 -6 10.2 +3.6
BKCI BNY Mellon Concentrated International ETF 8.2 80 -59 5.1 -1.6
DOL WisdomTree International LargeCap Dividend Fund 8.2 48 -27 7.5 +0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 8.2 31 -10 6.5 -0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 8.2 20 1 6.7 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.2 25 -4 7.4 +0.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.1 47 -26 5.8 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 8.1 25 -4 10.0 +3.3
IDHQ Invesco S&P International Developed High Quality ETF 7.9 29 -8 6.7 +0.0
IPKW Invesco International BuyBack Achievers ETF 7.8 55 -34 14.5 +7.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 -44 8.2 +1.6
SCHF Schwab International Equity ETF 7.8 6 15 7.6 +0.9
IDOG ALPS International Sector Dividend Dogs ETF 7.7 50 -29 12.6 +6.0
PCGG Polen Capital Global Growth ETF 7.6 85 -64 3.7 -3.0
DMXF iShares ESG Advanced MSCI EAFE ETF 7.6 12 9 5.5 -1.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 7.6 45 -24 4.4 -2.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 7.6 12 9 6.3 -0.4
DFAI Dimensional International Core Equity Market ETF 7.5 18 3 7.5 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 7.5 4 17 7.3 +0.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.4 30 -9 7.1 +0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 7.4 9 12 9.3 +2.7
UMMA Wahed Dow Jones Islamic World ETF 7.3 65 -44 5.3 -1.4
VEA Vanguard FTSE Developed Markets ETF 7.2 5 16 7.5 +0.9
RFEU First Trust Riverfront Dynamic Europe ETF 7.1 83 -62 10.6 +3.9
DWMF WisdomTree International Multifactor Fund 7.1 38 -17 7.0 +0.4
VWID Virtus WMC International Dividend ETF 7.0 49 -28 8.9 +2.2
FICS First Trust International Developed Capital Strength ETF 6.9 70 -49 6.1 -0.5
IQLT iShares MSCI Intl Quality Factor ETF 6.9 30 -9 6.3 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 6.8 3 18 7.4 +0.7
DFIC Dimensional International Core Equity 2 ETF 6.8 23 -2 7.8 +1.2
DFSI Dimensional International Sustainability Core 1 ETF 6.6 24 -3 6.6 0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 6.6 83 -62 9.8 +3.2
CIL VictoryShares International Volatility Wtd ETF 6.5 45 -24 6.8 +0.2
PPIE Putnam PanAgora ESG International Equity ETF 6.5 49 -28 7.6 +1.0
INTF iShares International Equity Factor ETF 6.5 15 6 7.9 +1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 6.4 32 -11 6.0 -0.7
CWI SPDR MSCI ACWI ex-US ETF 6.4 30 -9 8.0 +1.3
IBOT Vaneck Robotics ETF 6.3 47 -26 4.7 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 6.2 34 -13 8.0 +1.4
FIDI Fidelity International High Dividend ETF 6.2 18 3 9.2 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.2 41 -20 7.7 +1.1
AVSD Avantis Responsible International Equity ETF 6.2 23 -2 5.9 -0.8
DWM WisdomTree International Equity Fund 6.0 48 -27 7.7 +1.1
QINT American Century Quality Diversified International ETF 5.9 39 -18 7.6 +0.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.9 80 -59 10.5 +3.9
AVDE Avantis International Equity ETF 5.9 23 -2 7.9 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.9 40 -19 7.7 +1.1
VIGI Vanguard International Dividend Appreciation ETF 5.9 15 6 6.2 -0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.9 18 3 8.0 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 5.8 8 13 8.4 +1.7
JGLO JPMorgan Global Select Equity ETF 5.7 33 -12 5.1 -1.5
FDD First Trust Stoxx European Select Dividend Index Fund 5.7 58 -37 12.0 +5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.6 39 -18 8.6 +2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.5 42 -21 6.7 +0.1
DGT SPDR Global Dow ETF 5.4 50 -29 7.5 +0.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.4 80 -59 5.5 -1.1
VYMI Vanguard International High Dividend Yield ETF 5.4 22 -1 9.9 +3.3
IXUS iShares Core MSCI Total International Stock ETF 5.4 7 14 8.2 +1.5
KOCG FIS Knights of Columbus Global Belief ETF 5.4 75 -54 5.1 -1.5
VXUS Vanguard Total International Stock ETF 5.3 7 14 8.2 +1.6
EXI iShares Global Industrials ETF 5.2 42 -21 4.6 -2.0
NATO Themes Transatlantic Defense ETF 5.2 35 -14 2.8 -3.9
GCOW Pacer Global Cash Cows Dividend ETF 5.2 60 -39 11.1 +4.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.1 22 -1 5.8 -0.9
CLOD Themes Cloud Computing ETF 5.0 35 -14 3.0 -3.7
TPIF Timothy Plan International ETF 4.9 62 -41 6.4 -0.2
MOTG VanEck Morningstar Global Wide Moat ETF 4.8 52 -31 6.9 +0.2
VSGX Vanguard ESG International Stock ETF 4.8 12 9 8.0 +1.4
BINV Brandes International ETF 4.6 70 -49 9.9 +3.2
WWJD Inspire International ETF 4.6 80 -59 7.4 +0.7
SCHY Schwab International Dividend Equity ETF 4.5 14 7 9.7 +3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.5 14 7 6.4 -0.2
EFAS Global X MSCI SuperDividend EAFE ETF 4.5 57 -36 8.4 +1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.5 30 -9 8.4 +1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.5 70 -49 4.9 -1.7
IGRO iShares International Dividend Growth ETF 4.3 15 6 7.3 +0.7
OAIM OneAscent International Equity ETF 4.3 95 -74 6.2 -0.5
PRNT 3D Printing ETF 4.3 66 -45 1.4 -5.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.2 39 -18 6.9 +0.3
SHLD Global X Defense Tech ETF 4.2 50 -29 3.4 -3.3
MOTI VanEck Morningstar International Moat ETF 4.2 58 -37 12.9 +6.3
FAN First Trust Global Wind Energy ETF 4.2 60 -39 4.9 -1.8
KNO AXS Knowledge Leaders ETF 4.1 78 -57 6.1 -0.5
IDLV Invesco S&P International Developed Low Volatility ETF 4.0 25 -4 6.6 -0.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.0 29 -8 8.1 +1.4
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 -34 8.4 +1.8
CGDG Capital Group Dividend Growers ETF 3.9 47 -26 6.3 -0.3
IDV iShares International Select Dividend ETF 3.9 51 -30 12.0 +5.4
MXI iShares Global Materials ETF 3.8 41 -20 8.0 +1.4
IOO iShares Global 100 ETF 3.7 41 -20 5.2 -1.5
DTH WisdomTree International High Dividend Fund 3.7 58 -37 9.1 +2.4
FTAG First Trust Indxx Global Agriculture ETF 3.7 70 -49 8.4 +1.8
IVEG iShares Emergent Food and AgTech Multisector ETF 3.7 47 -26 9.0 +2.3
VIDI Vident International Equity Strategy ETF 3.5 61 -40 11.3 +4.7
FBOT Fidelity Disruptive Automation ETF 3.5 50 -29 3.8 -2.9
JXI iShares Global Utilities ETF 3.4 43 -22 5.9 -0.7
JIG JPMorgan International Growth ETF 3.4 55 -34 4.7 -1.9
IXG iShares Global Financials ETF 3.3 42 -21 6.8 +0.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.3 85 -64 3.9 -2.8
BCDF Horizon Kinetics Blockchain Development ETF 3.3 85 -64 4.0 -2.7
EUDV ProShares MSCI Europe Dividend Growers ETF 3.3 55 -34 5.8 -0.8
FYLD Cambria Foreign Shareholder Yield ETF 3.2 59 -38 12.1 +5.5
AIVI WisdomTree International AI Enhanced Value Fund 3.2 58 -37 7.4 +0.8
LUX Tema Luxury ETF 3.1 75 -54 4.3 -2.3
FDTX Fidelity Disruptive Technology ETF 3.1 50 -29 2.8 -3.9
COPY Tweedy, Browne Insider + Value ETF 3.1 80 -59 12.6 +5.9
RAYD Rayliant Quantitative Developed Market Equity ETF 3.1 80 -59 4.6 -2.0
AIQ Global X Artificial Intelligence & Technology ETF 3.1 68 -47 4.2 -2.5
DIVS SmartETFs Dividend Builder ETF 3.0 65 -44 5.0 -1.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.0 56 -35 12.3 +5.7
FPXI First Trust International Equity Opportunities ETF 3.0 70 -49 3.6 -3.0
ETEC iShares Breakthrough Environmental Solutions ETF 3.0 47 -26 3.7 -2.9
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 -28 6.2 -0.5
FDEV Fidelity International Multifactor ETF 2.9 18 3 7.7 +1.0
IXP iShares Global Comm Services ETF 2.9 42 -21 6.3 -0.3
DRIV Global X Autonomous & Electric Vehicles ETF 2.9 68 -47 6.6 +0.0
AGQI First Trust Active Global Quality Income ETF 2.9 85 -64 5.0 -1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.9 25 -4 6.0 -0.6
QWLD SPDR MSCI World StrategicFactors ETF 2.8 30 -9 6.2 -0.5
DWX SPDR S&P International Dividend ETF 2.8 45 -24 6.2 -0.4
GSIB Themes Global Systemically Important Banks ETF 2.8 35 -14 10.3 +3.7
TEMP JPMorgan Climate Change Solutions ETF 2.7 49 -28 5.9 -0.8
ESGG FlexShares STOXX Global ESG Select Index Fund 2.7 42 -21 5.6 -1.0
RODE Hartford Multifactor Diversified International ETF 2.7 29 -8 11.0 +4.4
KOKU Xtrackers MSCI Kokusai Equity ETF 2.7 9 12 5.4 -1.3
TOK iShares MSCI Kokusai ETF 2.7 26 -5 5.3 -1.3
IVAL Alpha Architect International Quantitative Value ETF 2.6 49 -28 11.5 +4.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.6 24 -3 7.7 +1.1
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 -39 8.5 +1.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.5 60 -39 3.8 -2.9
URTH iShares MSCI World ETF 2.5 24 -3 5.4 -1.2
RXI iShares Global Consumer Discretionary ETF 2.5 41 -20 8.9 +2.3
BLES Inspire Global Hope ETF 2.4 61 -40 6.9 +0.3
XT iShares Exponential Technologies ETF 2.4 46 -25 5.6 -1.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.4 39 -18 -1.2 -7.8
GSFP Goldman Sachs Future Planet Equity ETF 2.4 75 -54 4.7 -2.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.4 79 -58 5.7 -1.0
IDAT iShares Future Cloud 5G and Tech ETF 2.4 47 -26 5.0 -1.6
HART IQ Healthy Hearts ETF 2.4 45 -24 6.6 -0.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.4 50 -29 5.9 -0.8
VCLN Virtus Duff & Phelps Clean Energy ETF 2.4 59 -38 5.8 -0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.4 47 -26 8.6 +1.9
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -26 9.3 +2.7
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 -16 8.8 +2.2
IXN iShares Global Tech ETF 2.3 41 -20 4.1 -2.5
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 11 6.0 -0.6
IBAT iShares Energy Storage & Materials ETF 2.3 47 -26 5.6 -1.0
ACWI iShares MSCI ACWI ETF 2.3 32 -11 5.8 -0.8
CARZ First Trust NASDAQ Global Auto Index Fund 2.3 70 -49 6.0 -0.6
CGGO Capital Group Global Growth Equity ETF 2.2 47 -26 4.9 -1.8
SUPL ProShares Supply Chain Logistics ETF 2.2 58 -37 10.7 +4.1
ISHP First Trust Nasdaq Retail ETF 2.1 60 -39 5.8 -0.8
FRNW Fidelity Clean Energy ETF 2.1 39 -18 4.3 -2.3
FEOE First Eagle Overseas Equity ETF 2.1 79 -58 8.4 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 12 6.1 -0.6
GINN Goldman Sachs Innovate Equity ETF 2.0 52 -31 4.1 -2.5
WDIV SPDR S&P Global Dividend ETF 2.0 40 -19 9.7 +3.1
IDRV iShares Self-driving EV & Tech ETF 2.0 47 -26 2.5 -4.1
VT Vanguard Total World Stock ETF 2.0 7 14 6.2 -0.5
RCGE RockCreek Global Equality ETF 1.9 95 -74 6.4 -0.2
CZAR Themes Natural Monopoly ETF 1.9 35 -14 5.6 -1.0
RGEF Rockefeller Global Equity ETF 1.9 55 -34 5.1 -1.6
NXTG First Trust Indxx NextG ETF 1.9 70 -49 5.6 -1.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.8 65 -44 3.7 -2.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.8 65 -44 3.2 -3.4
KNCT Invesco Next Gen Connectivity ETF 1.8 40 -19 5.2 -1.5
TTAI FCF International Quality ETF 1.6 59 -38 7.1 +0.5
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 -27 1.6 -5.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.6 58 -37 5.0 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 1 5.9 -0.7
QTUM Defiance Quantum ETF 1.5 40 -19 6.6 -0.1
DEW WisdomTree Global High Dividend Fund 1.5 58 -37 8.8 +2.2
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -74 3.8 -2.8
IXJ iShares Global Healthcare ETF 1.4 42 -21 7.2 +0.6
WDNA WisdomTree BioRevolution Fund 1.4 45 -24 -1.7 -8.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.4 55 -34 7.9 +1.2
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 -24 6.2 -0.4
KROP Global X AgTech & Food Innovation ETF 1.4 50 -29 6.3 -0.3
HAP VanEck Natural Resources ETF 1.4 50 -29 10.1 +3.5
MOO VanEck Agribusiness ETF 1.4 53 -32 10.5 +3.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.4 68 -47 2.6 -4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -54 8.1 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 1 5.8 -0.8
IGF iShares Global Infrastructure ETF 1.3 41 -20 4.7 -1.9
GII SPDR S&P Global Infrastructure ETF 1.3 40 -19 4.7 -1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 -40 1.4 -5.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 11 8.4 +1.7
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -9 7.5 +0.8
IFGL iShares International Developed Real Estate ETF 1.2 48 -27 7.3 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -28 6.3 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 9 8.3 +1.7
GLOF iShares Global Equity Factor ETF 1.2 20 1 6.9 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 9 5.3 -1.3
LST Leuthold Select Industries ETF 1.2 91 -70 5.6 -1.0
CGUS Capital Group Core Equity ETF 1.2 33 -12 4.6 -2.1
TMFG Motley Fool Global Opportunities ETF 1.1 85 -64 3.8 -2.9
CGDV Capital Group Dividend Value ETF 1.0 33 -12 4.8 -1.8
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 7.6 +1.0
FEGE First Eagle Global Equity ETF 0.9 79 -58 7.2 +0.6
FDHT Fidelity Digital Health ETF 0.9 39 -18 0.9 -5.7
MDEV First Trust Indxx Medical Devices ETF 0.9 70 -49 4.3 -2.3
MNTL Tema Neuroscience and Mental Health ETF 0.9 75 -54 -0.9 -7.6
BMED Future Health ETF 0.9 85 -64 0.5 -6.1
HELX Franklin Genomic Advancements ETF 0.9 50 -29 -0.2 -6.8
GLBL Pacer MSCI World Industry Advantage ETF 0.8 65 -44 4.5 -2.2
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -68 4.5 -2.2
SYNB Putnam BioRevolution ETF 0.8 70 -49 2.9 -3.7
KXI iShares Global Consumer Staples ETF 0.7 41 -20 5.4 -1.2
IQM Franklin Intelligent Machines ETF 0.7 50 -29 2.3 -4.4
DFIS Dimensional International Small Cap ETF 0.7 39 -18 7.8 +1.1
DIM WisdomTree International MidCap Dividend Fund 0.6 58 -37 7.8 +1.2
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -44 5.4 -1.3
AGNG Global X Aging Population ETF 0.6 50 -29 5.0 -1.7
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 -1 5.7 -0.9
GNOM Global X Genomics & Biotechnology ETF 0.5 50 -29 -4.2 -10.8
APIE ActivePassive International Equity ETF 0.5 45 -24 7.6 +1.0
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -44 19.3 +12.6
IBUY Amplify Online Retail ETF 0.5 65 -44 3.0 -3.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 6 6.1 -0.5
CGGR Capital Group Growth ETF 0.4 39 -18 3.4 -3.3
WLDR Affinity World Leaders Equity ETF 0.4 67 -46 7.9 +1.3
FINE Themes European Luxury ETF 0.3 35 -14 6.7 +0.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.3 68 -47 0.3 -6.3
IPOS Renaissance International IPO ETF 0.3 80 -59 2.6 -4.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -51 -0.9 -7.5
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 -2 8.7 +2.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 17 6.3 -0.3
REVS Columbia Research Enhanced Value ETF 0.2 19 2 7.9 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -18 6.2 -0.5
RVRB Reverb ETF 0.1 30 -9 4.8 -1.8
RECS Columbia Research Enhanced Core ETF 0.1 15 6 6.1 -0.6
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 -2 5.9 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 7.4 +0.8
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 3 6.9 +0.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 4 7.0 +0.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 9 6.7 +0.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 10 5.1 -1.5
DISV Dimensional International Small Cap Value ETF 0.0 42 -21 9.8 +3.2

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:

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 12.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.61
 
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.