Global X DAX Germany ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 17.2x P/Sales
ratio		 1.4x
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) $280
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) $108,968
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 12.9 %
SIEMENS AG-REG 10.7 %
ALLIANZ SE-REG 8.1 %
EADS NV 7.1 %
DEUTSCHE TELEKOM AG 5.6 %
SIEMENS ENERGY AG 5.4 %
RHEINMETALL AG 4.9 %
MUENCHENER RUECKVER AG-REG 3.8 %
DEUTSCHE BANK AG-REGISTERED 3.6 %
INFINEON TECHNOLOGIES AG 3.0 %
Total 65.0 %

TOP COUNTRY EXPOSURE
GERMANY 92.1 %
NETHERLANDS 7.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
39.0% 39.0% 10.8% 8.8% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.72 49%
MSCI EAFE 1.11 83%
MSCI Emg. Mkts. 0.79 49%

Technical Indicators
Recent close $46.35
30d moving avg. $45.65
Annualized volatility 16.1%
Short interest (ETF) 0.8%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 55
Turnover 0.9%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 290 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™: 6.3%


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 90.3 9 12 6.5 +0.2
EWG iShares MSCI Germany ETF 90.0 50 -29 5.9 -0.4
FGM First Trust Germany AlphaDEX Fund 31.5 80 -59 5.7 -0.6
FEZ SPDR EURO STOXX 50 ETF 29.1 29 -8 5.6 -0.7
JIVE JPMorgan International Value ETF 28.6 55 -34 9.4 +3.1
EZU iShares MSCI Eurozone ETF 25.2 52 -31 5.7 -0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 24.6 45 -24 6.0 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 20.8 58 -37 5.6 -0.7
INEQ Columbia International Equity Income ETF 18.4 45 -24 7.5 +1.2
IDMO Invesco S&P International Developed Momentum ETF 15.1 25 -4 5.1 -1.2
DTAN Sparkline International Intangible Value ETF 14.9 55 -34 7.3 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 14.7 9 12 6.2 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.4 46 -25 5.9 -0.4
FLEE Franklin FTSE Europe ETF 14.3 9 12 6.2 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.1 25 -4 6.4 +0.1
CLNR IQ Cleaner Transport ETF 14.0 45 -24 4.9 -1.4
IEV iShares Europe ETF 13.9 67 -46 5.8 -0.5
OSEA Harbor International Compounders ETF 13.7 55 -34 4.4 -1.9
FEUZ First Trust Eurozone AlphaDEX ETF 12.6 80 -59 6.5 +0.2
EUFN iShares MSCI Europe Financials ETF 12.5 51 -30 6.8 +0.5
IEUR iShares Core MSCI Europe ETF 12.3 11 10 6.3 -0.0
JIRE JPMorgan International Research Enhanced Equity ETF 12.1 24 -3 6.3 -0.0
VGK Vanguard FTSE Europe ETF 12.0 6 15 6.4 +0.1
SPEU SPDR Portfolio Europe ETF 11.7 7 14 6.3 0.0
MOTO SmartETFs Smart Transportation & Technology ETF 11.4 68 -47 5.3 -1.0
IMOM Alpha Architect International Quantitative Momentum ETF 10.9 49 -28 3.8 -2.5
OCEN IQ Clean Oceans ETF 10.9 45 -24 5.1 -1.2
CGIE Capital Group International Equity ETF 10.8 54 -33 4.2 -2.1
IVLU iShares MSCI Intl Value Factor ETF 10.7 30 -9 8.6 +2.3
DIVI Franklin International Core Dividend Tilt Index ETF 10.7 9 12 6.9 +0.6
JHMD John Hancock Multifactor Developed International ETF 10.4 39 -18 6.5 +0.2
SHPP Pacer Industrials and Logistics ETF 10.1 60 -39 7.6 +1.3
FENI Fidelity Enhanced International ETF 10.0 28 -7 5.6 -0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 9.8 31 -10 5.7 -0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.8 58 -37 5.8 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.5 36 -15 5.8 -0.5
EFG iShares MSCI EAFE Growth ETF 9.5 36 -15 3.6 -2.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 9.5 20 1 5.4 -0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 9.4 35 -14 5.7 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 1 5.8 -0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 9.2 9 12 8.3 +2.0
STXI Strive International Developed Markets ETF 9.2 29 -8 5.6 -0.7
EFA iShares MSCI EAFE ETF 9.0 35 -14 5.7 -0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 9.0 20 1 5.6 -0.7
IQDG WisdomTree International Quality Dividend Growth Fund 8.9 42 -21 6.0 -0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 8.9 20 1 5.9 -0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.8 58 -37 5.9 -0.4
EFV iShares MSCI EAFE Value ETF 8.7 34 -13 7.7 +1.4
IMTM iShares MSCI Intl Momentum Factor ETF 8.7 30 -9 4.7 -1.6
PATN Pacer Nasdaq International Patent Leaders ETF 8.5 65 -44 4.5 -1.8
ESGD iShares ESG Aware MSCI EAFE ETF 8.4 20 1 5.7 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.3 25 -4 6.2 -0.1
OEFA ALPS O’Shares International Developed Quality Dividend ETF 8.3 48 -27 4.6 -1.7
DFIV Dimensional International Value ETF 8.3 27 -6 8.0 +1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.2 47 -26 5.7 -0.6
BKIE BNY Mellon International Equity ETF 8.2 4 17 6.0 -0.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 8.2 58 -37 7.3 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.8 45 -24 7.4 +1.1
NETZ TCW Transform Systems ETF 7.8 75 -54 2.0 -4.3
IEFA iShares Core MSCI EAFE ETF 7.7 7 14 6.1 -0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 7.7 12 9 5.0 -1.3
DOL WisdomTree International LargeCap Dividend Fund 7.7 48 -27 6.1 -0.2
IQSI IQ Candriam International Equity ETF 7.7 15 6 5.6 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.7 65 -44 7.0 +0.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.6 70 -49 3.3 -3.0
CGXU Capital Group International Focus Equity ETF 7.5 54 -33 4.7 -1.6
FEP First Trust Europe AlphaDEX Fund 7.5 80 -59 6.8 +0.5
DIHP Dimensional International High Profitability ETF 7.3 29 -8 5.8 -0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 7.2 30 -9 6.0 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 7.0 25 -4 8.0 +1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.9 65 -44 9.6 +3.3
SCHF Schwab International Equity ETF 6.9 6 15 6.2 -0.1
BKCI BNY Mellon Concentrated International ETF 6.8 80 -59 4.5 -1.8
UMMA Wahed Dow Jones Islamic World ETF 6.8 65 -44 3.8 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 6.8 4 17 6.0 -0.3
AVIV Avantis International Large Cap Value ETF 6.8 25 -4 7.4 +1.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.8 45 -24 1.6 -4.7
UIVM VictoryShares International Value Momentum ETF 6.7 35 -14 7.4 +1.2
FICS First Trust International Developed Capital Strength ETF 6.6 70 -49 6.5 +0.2
DFAI Dimensional International Core Equity Market ETF 6.6 18 3 6.0 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 6.5 30 -9 5.3 -1.0
PRNT 3D Printing ETF 6.5 66 -45 1.6 -4.7
IDOG ALPS International Sector Dividend Dogs ETF 6.5 50 -29 10.5 +4.2
VEA Vanguard FTSE Developed Markets ETF 6.3 3 18 6.1 -0.2
FIVA Fidelity International Value Factor ETF 6.3 18 3 7.9 +1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 6.3 83 -62 7.9 +1.7
AVDE Avantis International Equity ETF 6.2 23 -2 6.3 -0.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 6.2 12 9 5.2 -1.1
INTF iShares International Equity Factor ETF 6.2 15 6 6.5 +0.2
LVHI Franklin International Low Volatility High Dividend Index ET 6.2 40 -19 9.2 +2.9
AVSD Avantis Responsible International Equity ETF 6.1 23 -2 4.6 -1.7
SPDW SPDR Portfolio Developed World ex-US ETF 6.1 3 18 6.0 -0.3
DFIC Dimensional International Core Equity 2 ETF 6.0 23 -2 6.3 -0.0
JHID John Hancock International High Dividend ETF 6.0 46 -25 8.3 +2.0
PPIE Putnam PanAgora ESG International Equity ETF 5.9 49 -28 6.9 +0.6
DFSI Dimensional International Sustainability Core 1 ETF 5.9 24 -3 5.4 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 41 -20 6.4 +0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 5.9 34 -13 5.0 -1.3
DWM WisdomTree International Equity Fund 5.8 48 -27 6.3 +0.0
FIDI Fidelity International High Dividend ETF 5.7 18 3 7.3 +1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.6 18 3 6.4 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.6 40 -19 6.4 +0.1
CWI SPDR MSCI ACWI ex-US ETF 5.6 30 -9 6.4 +0.1
WRND IQ Global Equity R&D Leaders ETF 5.6 18 3 6.6 +0.3
FDD First Trust Stoxx European Select Dividend Index Fund 5.5 58 -37 9.7 +3.4
ACWX iShares MSCI ACWI ex U.S. ETF 5.5 34 -13 6.4 +0.1
EXI iShares Global Industrials ETF 5.5 42 -21 3.6 -2.7
CIL VictoryShares International Volatility Wtd ETF 5.4 45 -24 5.7 -0.6
QINT American Century Quality Diversified International ETF 5.4 39 -18 6.1 -0.2
FPXI First Trust International Equity Opportunities ETF 5.4 70 -49 3.4 -2.9
GDFN Tema International Defense Innov ETF 5.3 75 -54 2.1 -4.2
LOUP Innovator Deepwater Frontier Tech ETF 5.3 70 -49 0.6 -5.7
NATO Themes Transatlantic Defense ETF 5.2 35 -14 1.6 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.1 39 -18 6.7 +0.4
VWID Virtus WMC International Dividend ETF 5.1 49 -28 7.3 +1.0
DXIV Dimensional International Vector Equity ETF 5.0 34 -13 6.5 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 5.0 4 17 6.8 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.0 58 -37 3.8 -2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 5.0 29 -8 6.9 +0.6
IDHQ Invesco S&P International Developed High Quality ETF 4.9 29 -8 5.3 -1.0
GCOW Pacer Global Cash Cows Dividend ETF 4.9 60 -39 9.6 +3.3
SHLD Global X Defense Tech ETF 4.9 50 -29 2.3 -4.0
WWJD Inspire International ETF 4.9 80 -59 6.3 +0.0
EUDV ProShares MSCI Europe Dividend Growers ETF 4.8 55 -34 5.4 -0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 4.8 32 -11 5.5 -0.8
IXUS iShares Core MSCI Total International Stock ETF 4.7 7 14 6.7 +0.4
VSGX Vanguard ESG International Stock ETF 4.7 10 11 6.6 +0.3
VXUS Vanguard Total International Stock ETF 4.6 5 16 6.7 +0.5
VYMI Vanguard International High Dividend Yield ETF 4.6 17 4 8.1 +1.8
DTH WisdomTree International High Dividend Fund 4.5 58 -37 7.4 +1.1
VIGI Vanguard International Dividend Appreciation ETF 4.5 10 11 5.8 -0.5
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 -54 4.4 -1.9
DWMF WisdomTree International Multifactor Fund 4.5 38 -17 6.4 +0.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.4 80 -59 5.5 -0.8
FTAG First Trust Indxx Global Agriculture ETF 4.4 70 -49 7.3 +1.1
CLOD Themes Cloud Computing ETF 4.3 35 -14 3.1 -3.2
FAN First Trust Global Wind Energy ETF 4.3 60 -39 3.6 -2.7
KNO AXS Knowledge Leaders ETF 4.2 78 -57 4.9 -1.4
PCGG Polen Capital Global Growth ETF 4.2 85 -64 3.6 -2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.1 39 -18 5.7 -0.6
MOTI VanEck Morningstar International Moat ETF 4.1 58 -37 9.1 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 4.1 52 -31 8.7 +2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.0 14 7 5.5 -0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.0 30 -9 6.5 +0.2
IDV iShares International Select Dividend ETF 4.0 51 -30 9.3 +3.0
DGT State Street SPDR Global Dow ETF 3.9 50 -29 5.9 -0.4
CGDG Capital Group Dividend Growers ETF 3.9 47 -26 5.4 -0.9
IPKW Invesco International BuyBack Achievers ETF 3.9 55 -34 7.9 +1.6
JXI iShares Global Utilities ETF 3.8 43 -22 5.3 -1.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.8 22 -1 5.6 -0.7
TPIF Timothy Plan International ETF 3.7 62 -41 5.4 -0.9
POW VistaShares Electrification Supercycle ETF 3.6 75 -54 2.7 -3.6
AIVI WisdomTree International AI Enhanced Value Fund 3.5 58 -37 6.1 -0.2
GSIB Themes Global Systemically Important Banks ETF 3.4 35 -14 8.3 +2.0
DSTX Distillate International Fundamental Stability & Value ETF 3.3 55 -34 6.6 +0.3
FBOT Fidelity Disruptive Automation ETF 3.3 50 -29 2.8 -3.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -59 3.4 -2.9
MXI iShares Global Materials ETF 3.3 41 -20 6.0 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.2 24 -3 6.3 +0.0
SCHY Schwab International Dividend Equity ETF 3.2 14 7 8.7 +2.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.1 50 -29 5.4 -0.9
ROBO ROBO Global Robotics & Automation Index ETF 3.1 95 -74 2.7 -3.6
XT iShares Exponential Technologies ETF 3.0 46 -25 4.2 -2.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.0 39 -18 -1.3 -7.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 3.0 79 -58 4.4 -1.9
WAR U.S. Global Tech and Aerospace & Defense ETF 3.0 60 -39 4.5 -1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.0 47 -26 6.9 +0.6
IOO iShares Global 100 ETF 2.9 41 -20 3.9 -2.4
IXG iShares Global Financials ETF 2.9 42 -21 5.9 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.9 56 -35 10.0 +3.7
JIG JPMorgan International Growth ETF 2.9 55 -34 4.0 -2.3
CGGO Capital Group Global Growth Equity ETF 2.9 47 -26 3.7 -2.6
ICPY Tweedy, Browne International Insider Value ETF 2.8 80 -59 9.7 +3.4
AIQ Global X Artificial Intelligence & Technology ETF 2.8 68 -47 2.9 -3.4
JGLO JPMorgan Global Select Equity ETF 2.7 33 -12 4.3 -2.0
GEW Cambria Global EW ETF 2.7 29 -8 5.4 -0.9
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.6 65 -44 -1.1 -7.4
IVAL Alpha Architect International Quantitative Value ETF 2.6 49 -28 8.8 +2.5
IGRO iShares International Dividend Growth ETF 2.5 15 6 6.2 -0.1
BLES Inspire Global Hope ETF 2.5 61 -40 6.0 -0.3
SUPL ProShares Supply Chain Logistics ETF 2.5 58 -37 9.3 +3.0
KOKU Xtrackers MSCI Kokusai Equity ETF 2.5 9 12 4.5 -1.8
RCGE RockCreek Global Equality ETF 2.5 95 -74 6.0 -0.3
IQDF FlexShares International Quality Dividend Index Fund 2.5 47 -26 7.5 +1.2
IXP iShares Global Comm Services ETF 2.5 42 -21 5.3 -1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 2.4 25 -4 5.4 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 2.4 30 -9 5.1 -1.2
BINV Brandes International ETF 2.4 70 -49 8.2 +1.9
DRIV Global X Autonomous & Electric Vehicles ETF 2.4 68 -47 3.9 -2.4
RXI iShares Global Consumer Discretionary ETF 2.4 41 -20 7.1 +0.8
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.4 60 -39 3.2 -3.1
FDEV Fidelity International Multifactor ETF 2.4 18 3 6.6 +0.3
TOK iShares MSCI Kokusai ETF 2.4 26 -5 4.3 -2.0
IDLV Invesco S&P International Developed Low Volatility ETF 2.3 25 -4 6.2 -0.1
HART IQ Healthy Hearts ETF 2.3 45 -24 5.4 -0.9
WUGI AXS Esoterica NextG Economy ETF 2.3 75 -54 2.4 -3.9
VIDI Vident International Equity Strategy ETF 2.3 61 -40 8.9 +2.6
KLMT Invesco MSCI Global Climate 500 ETF 2.3 10 11 5.0 -1.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.3 45 -24 2.1 -4.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.3 42 -21 5.6 -0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 2.3 37 -16 7.2 +0.9
ISHP First Trust Nasdaq Retail ETF 2.2 60 -39 5.1 -1.2
IBAT iShares Energy Storage & Materials ETF 2.2 47 -26 2.3 -4.0
URTH iShares MSCI World ETF 2.2 24 -3 4.4 -1.9
DIVS SmartETFs Dividend Builder ETF 2.2 65 -44 4.6 -1.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.2 85 -64 2.8 -3.5
BCDF Horizon Kinetics Blockchain Development ETF 2.2 85 -64 3.7 -2.6
FDTX Fidelity Disruptive Technology ETF 2.2 50 -29 2.2 -4.1
SAGP Strategas Global Policy Opportunities ETF 2.2 65 -44 4.6 -1.7
HAP VanEck Natural Resources ETF 2.1 50 -29 7.4 +1.2
MOO VanEck Agribusiness ETF 2.1 53 -32 9.3 +3.0
IDNA iShares Genomics Immunology and Healthcare ETF 2.1 47 -26 -2.7 -9.0
COPY Tweedy, Browne Insider + Value ETF 2.1 80 -59 10.0 +3.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 -59 7.1 +0.8
ITOL Tema International Durable Quality ETF 2.1 60 -39 4.7 -1.6
CARZ First Trust NASDAQ Global Auto Index Fund 2.0 70 -49 3.2 -3.1
RGEF Rockefeller Global Equity ETF 2.0 55 -34 3.9 -2.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -54 2.3 -4.0
ACWI iShares MSCI ACWI ETF 2.0 32 -11 4.7 -1.6
NXTG First Trust Indxx NextG ETF 2.0 70 -49 4.3 -2.0
IDRV iShares Self-driving EV & Tech ETF 2.0 47 -26 3.0 -3.3
DEW WisdomTree Global High Dividend Fund 1.9 58 -37 7.5 +1.2
FEOE First Eagle Overseas Equity ETF 1.8 79 -58 5.9 -0.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.8 75 -54 6.5 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 12 4.9 -1.4
VT Vanguard Total World Stock ETF 1.7 6 15 5.1 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 1 4.8 -1.5
GINX SGI Enhanced Global Income ETF 1.7 98 -77 6.9 +0.6
IPAV Global X Infrastructure Development ex-U.S. ETF 1.7 55 -34 5.8 -0.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -44 1.6 -4.7
TTAI FCF International Quality ETF 1.6 59 -38 6.5 +0.2
FEGE First Eagle Global Equity ETF 1.6 79 -58 5.5 -0.8
IQM Franklin Intelligent Machines ETF 1.6 50 -29 1.5 -4.8
GINN Goldman Sachs Innovate Equity ETF 1.6 52 -31 3.2 -3.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.5 59 -38 3.5 -2.8
IQRA IQ CBRE Real Assets ETF 1.5 65 -44 5.4 -0.9
IXN iShares Global Tech ETF 1.5 41 -20 2.9 -3.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.5 20 1 5.3 -1.0
ESGG FlexShares STOXX Global ESG Select Index Fund 1.4 42 -21 4.7 -1.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 -51 -1.2 -7.5
IXJ iShares Global Healthcare ETF 1.4 42 -21 5.7 -0.6
LST Leuthold Select Industries ETF 1.4 91 -70 4.7 -1.6
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -39 7.2 +0.9
QTUM Defiance Quantum ETF 1.3 40 -19 4.2 -2.1
KNCT Invesco Next Gen Connectivity ETF 1.3 40 -19 3.9 -2.4
IGF iShares Global Infrastructure ETF 1.2 41 -20 4.4 -1.9
GII SPDR S&P Global Infrastructure ETF 1.2 40 -19 4.4 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 9 4.4 -1.9
CGUS Capital Group Core Equity ETF 1.2 33 -12 3.8 -2.5
TCAI Tortoise AI Infrastructure ETF 1.2 65 -44 1.8 -4.5
AGQI First Trust Active Global Quality Income ETF 1.2 85 -64 4.5 -1.8
DFIS Dimensional International Small Cap ETF 1.2 39 -18 6.1 -0.2
GLOF iShares Global Equity Factor ETF 1.2 20 1 5.9 -0.4
WDIV SPDR S&P Global Dividend ETF 1.1 40 -19 8.3 +2.0
OGIG ALPS O'Shares Global Internet Giants ETF 1.1 48 -27 2.0 -4.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -40 1.8 -4.5
DIM WisdomTree International MidCap Dividend Fund 1.0 58 -37 6.4 +0.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 11 6.3 +0.0
ERET iShares Environmentally Aware Real Estate ETF 1.0 30 -9 7.0 +0.7
IFGL iShares International Developed Real Estate ETF 1.0 48 -27 6.5 +0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 -28 4.8 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 9 8.0 +1.7
WDNA WisdomTree BioRevolution Fund 1.0 45 -24 -1.9 -8.2
FDHT Fidelity Digital Health ETF 1.0 39 -18 1.3 -5.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.0 68 -47 1.6 -4.7
MDEV First Trust Indxx Medical Devices ETF 1.0 70 -49 4.2 -2.1
FPAG FPA Global Equity ETF 0.9 49 -28 4.9 -1.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.9 65 -44 3.9 -2.4
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 -24 4.6 -1.7
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 6 6.2 -0.1
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 -2 7.2 +0.9
FDNI First Trust Dow Jones International Internet ETF 0.7 65 -44 19.1 +12.8
JDOC JPMorgan Healthcare Leaders ETF 0.7 65 -44 3.3 -3.0
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -44 3.5 -2.8
CZAR Themes Natural Monopoly ETF 0.7 35 -14 4.9 -1.4
WLDR Affinity World Leaders Equity ETF 0.6 67 -46 6.4 +0.1
KXI iShares Global Consumer Staples ETF 0.6 41 -20 5.1 -1.2
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -68 4.2 -2.1
TMFG Motley Fool Global Opportunities ETF 0.5 85 -64 3.6 -2.7
APIE ActivePassive International Equity ETF 0.5 45 -24 6.4 +0.1
AGNG Global X Aging Population ETF 0.5 50 -29 3.9 -2.4
DISV Dimensional International Small Cap Value ETF 0.4 42 -21 7.8 +1.5
BUYZ Franklin Disruptive Commerce ETF 0.4 50 -29 2.1 -4.2
FINE Themes European Luxury ETF 0.3 35 -14 6.5 +0.2
IBUY Amplify Online Retail ETF 0.3 65 -44 1.4 -4.9
CGGR Capital Group Growth ETF 0.3 39 -18 2.7 -3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -28 6.0 -0.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.1 68 -47 6.0 -0.3
RVRB Reverb ETF 0.1 30 -9 4.0 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 -18 5.2 -1.1

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 12.2 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.