U.S. Global GO GOLD and Precious Metal Miners ETF
ALTAR
Score™		 3.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 4.7x
P/BV
ratio		 2.9x Div.
yield		 1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The U.S. Global GO GOLD and Precious Metal Miners ETF tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers.

FUND BASICS
Category US Equities
Fund Sponsor US Global Investors
Website www.usglobaletfs.com
Inception date Jun 27, 2017
Assets (mns) $158
Currency USD
Expense ratio 60 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $10,205
Large cap (>$10bn) 33.5%
Mid cap ($2-10bn) 36.9%
Small cap (<$2bn) 29.6%
Developed mkts 97.9%
Emerging mkts 2.1%

TOP TEN HOLDINGS
OSISKO GOLD ROYALTIES LTD 9.7 %
FRANCO-NEVADA CORP 9.6 %
SILVER WHEATON CORP 7.6 %
SILVERCORP METALS INC 4.0 %
ORLA MINING LTD. 3.9 %
OCEANAGOLD CORP 3.9 %
KINROSS GOLD CORP 3.9 %
TRIPLE FLAG PRECIOUS METALS CORP. 3.9 %
CHINA GOLD INTERNATIONAL RESOURCES 3.0 %
CASH & OTHER 3.0 %
Total 52.5 %

TOP COUNTRY EXPOSURE
CANADA 60.6 %
SOUTH AFRICA 14.5 %
AUSTRALIA 11.9 %
BRITAIN 3.9 %
CHINA 2.1 %






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.
76.2% 66.1% 8.0% -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 0.47 5%
MSCI EAFE 0.77 16%
MSCI Emg. Mkts. 0.99 28%

Technical Indicators
Recent close $35.97
30d moving avg. $32.78
Annualized volatility 31.3%
Short interest (ETF) 0.7%
Short interest (Underlying) 1.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 92
Turnover 2.1%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $314

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 209 potential alternatives to the U.S. Global GO GOLD and Precious Metal Miners ETF ETF based on the alternatives' overlap in portfolio holdings with GOAU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GOAU Expense: 60 bp ALTAR Score™: 3.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GOAU
Ticker Fund
Name		 Overlap1
vs GOAU
(%)		 Expense
ratio
(bp)		 Savings
vs GOAU
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GOAU
(%)
AUMI Themes Gold Miners ETF 21.1 35 25 4.2 +0.5
SILJ ETFMG Prime Junior Silver Miners ETF 20.0 69 -9 2.2 -1.5
GDX VanEck Gold Miners ETF 19.5 51 9 3.2 -0.5
GOEX Global X Gold Explorers ETF 18.6 65 -5 2.9 -0.8
SGDM Sprott Gold Miners ETF 18.1 50 10 3.1 -0.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 16.2 85 -25 3.9 +0.3
GDXJ VanEck Junior Gold Miners ETF 13.9 52 8 4.2 +0.5
SLVP iShares MSCI Global Silver Miners ETF 13.1 39 21 6.0 +2.4
RING iShares MSCI Global Gold Miners ETF 12.6 39 21 4.2 +0.5
AGMI Themes Silver Miners ETF 12.2 35 25 4.9 +1.2
FFTY Innovator IBD 50 ETF 7.9 80 -20 -2.3 -6.0
EPU iShares MSCI Peru and Global Exposure ETF 7.3 59 1 6.2 +2.5
ABEQ Absolute Select Value ETF 6.9 85 -25 4.7 +1.0
AVDV Avantis International Small Cap Value ETF 6.4 36 24 9.3 +5.6
SGDJ Sprott Junior Gold Miners ETF 6.0 50 10 3.9 +0.3
AFK VanEck Africa Index ETF 5.6 98 -38 11.5 +7.9
BBCA JPMorgan BetaBuilders Canada ETF 4.9 19 41 6.2 +2.5
SIL Global X Silver Miners ETF 4.5 65 -5 2.7 -0.9
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 11 3.2 -0.4
FLCA Franklin FTSE Canada ETF 4.0 9 51 6.3 +2.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.0 46 14 9.8 +6.1
HAP VanEck Natural Resources ETF 3.5 50 10 9.3 +5.7
BEEX BeeHive ETF 3.2 84 -24 4.2 +0.6
COPX Global X Copper Miners ETF 3.0 65 -5 7.0 +3.4
FXZ First Trust Materials AlphaDEX Fund 3.0 61 -1 9.9 +6.3
LIVR Intelligent Livermore ETF 2.9 69 -9 5.2 +1.6
ARGT Global X MSCI Argentina ETF 2.9 59 1 5.1 +1.5
NANR SPDR S&P North American Natural Resources ETF 2.9 35 25 7.7 +4.0
AADR AdvisorShares Dorsey Wright ADR ETF 2.9 110 -50 4.7 +1.1
ECNS iShares MSCI China Small-Cap ETF 2.7 59 1 7.7 +4.0
GNR SPDR S&P Global Natural Resources ETF 2.5 40 20 10.9 +7.2
CBSE Clough Select Equity ETF 2.4 85 -25 0.8 -2.8
IGE iShares North American Natural Resources ETF 2.3 41 19 7.4 +3.8
LST Leuthold Select Industries ETF 2.3 91 -31 5.0 +1.3
MXI iShares Global Materials ETF 2.1 41 19 7.5 +3.9
RAYD Rayliant Quantitative Developed Market Equity ETF 2.0 80 -20 4.4 +0.7
ICOP iShares Copper and Metals Mining ETF 2.0 47 13 8.1 +4.4
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 11 9.7 +6.0
FEOE First Eagle Overseas Equity ETF 1.9 79 -19 7.8 +4.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.9 80 -20 8.7 +5.1
FTWO Strive FAANG 2.0 ETF 1.9 49 11 4.2 +0.6
CGV Conductor Global Equity Value ETF 1.9 130 -70 8.0 +4.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.9 20 40 6.4 +2.8
FPXI First Trust International Equity Opportunities ETF 1.8 70 -10 4.2 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.8 39 21 7.8 +4.2
FEGE First Eagle Global Equity ETF 1.8 79 -19 6.8 +3.1
BOUT Innovator IBD Breakout Opportunities ETF 1.7 81 -21 2.7 -0.9
VIDI Vident International Equity Strategy ETF 1.7 61 -1 10.7 +7.1
EWC iShares MSCI Canada ETF 1.5 50 10 6.0 +2.3
WWJD Inspire International ETF 1.5 80 -20 7.2 +3.6
ROE Astoria US Quality Kings ETF 1.4 49 11 6.5 +2.8
AVIV Avantis International Large Cap Value ETF 1.4 25 35 8.5 +4.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.4 80 -20 10.3 +6.6
AVDS Avantis International Small Cap Equity ETF 1.4 30 30 7.2 +3.6
FRDM Freedom 100 Emerging Markets ETF 1.3 49 11 8.1 +4.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.3 39 21 10.7 +7.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 21 5.6 +2.0
GURU Global X Guru Index ETF 1.3 75 -15 3.0 -0.7
WLDR Affinity World Leaders Equity ETF 1.3 67 -7 7.4 +3.7
AVDE Avantis International Equity ETF 1.3 23 37 7.3 +3.7
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 16 11.8 +8.2
AVSD Avantis Responsible International Equity ETF 1.2 23 37 5.6 +2.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.1 32 28 6.0 +2.4
EWA iShares MSCI Australia ETF 1.0 50 10 5.6 +2.0
QINT American Century Quality Diversified International ETF 1.0 39 21 7.3 +3.6
DEHP Dimensional Emerging Markets High Profitability ETF 1.0 41 19 6.5 +2.8
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 2 9.2 +5.6
AVES Avantis Emerging Markets Value ETF 1.0 36 24 10.7 +7.1
DXIV Dimensional International Vector Equity ETF 0.9 34 26 7.7 +4.1
DIHP Dimensional International High Profitability ETF 0.9 29 31 7.1 +3.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -10 7.5 +3.9
SCHC Schwab International Small-Cap Equity ETF 0.9 11 49 6.5 +2.9
DFIS Dimensional International Small Cap ETF 0.9 39 21 7.2 +3.6
GWX SPDR S&P International Small Cap ETF 0.9 40 20 5.9 +2.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -20 9.4 +5.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 11 6.7 +3.1
FLAU Franklin FTSE Australia ETF 0.8 9 51 6.0 +2.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 31 8.2 +4.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -20 4.9 +1.3
VFVA Vanguard U.S. Value Factor ETF 0.8 13 47 10.8 +7.2
BLES Inspire Global Hope ETF 0.8 61 -1 6.8 +3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 30 7.7 +4.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.8 33 27 8.4 +4.8
TPIF Timothy Plan International ETF 0.7 62 -2 6.2 +2.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.7 53 7 7.6 +4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 52 6.0 +2.4
SETM Sprott Energy Transition Materials ETF 0.7 65 -5 2.6 -1.1
UIVM VictoryShares International Value Momentum ETF 0.7 35 25 8.9 +5.3
CGGR Capital Group Growth ETF 0.7 39 21 3.1 -0.6
SVAL iShares US Small Cap Value Factor ETF 0.7 20 40 10.3 +6.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 30 5.4 +1.8
PID Invesco International Dividend Achievers ETF 0.7 53 7 5.5 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.7 33 27 8.4 +4.7
DFIC Dimensional International Core Equity 2 ETF 0.6 23 37 7.3 +3.7
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 13 5.1 +1.4
DISV Dimensional International Small Cap Value ETF 0.6 42 18 8.8 +5.2
GVLU Gotham 1000 Value ETF 0.6 50 10 8.9 +5.3
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 -5 5.3 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 22 8.9 +5.3
BKIE BNY Mellon International Equity ETF 0.6 4 56 7.0 +3.3
CIL VictoryShares International Volatility Wtd ETF 0.5 45 15 6.6 +3.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.5 39 21 6.6 +3.0
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 -15 10.6 +7.0
EMM Global X Emerging Markets ex-China ETF 0.5 75 -15 6.3 +2.6
RODE Hartford Multifactor Diversified International ETF 0.5 29 31 11.4 +7.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 19 8.4 +4.7
GQQQ Astoria US Quality Growth Kings ETF 0.5 35 25 4.6 +0.9
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 1 4.3 +0.7
APIE ActivePassive International Equity ETF 0.5 45 15 7.3 +3.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 48 5.9 +2.3
DFIV Dimensional International Value ETF 0.4 27 33 9.5 +5.9
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 25 9.0 +5.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 27 8.1 +4.5
DFAI Dimensional International Core Equity Market ETF 0.4 18 42 7.1 +3.4
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 36 6.3 +2.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 42 7.8 +4.2
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 37 8.1 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 19 7.4 +3.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 1 7.5 +3.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 35 7.0 +3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 36 7.3 +3.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 20 6.8 +3.2
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 56 6.9 +3.3
IQLT iShares MSCI Intl Quality Factor ETF 0.3 30 30 6.2 +2.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -10 7.5 +3.9
FDEV Fidelity International Multifactor ETF 0.3 18 42 7.4 +3.8
VSGX Vanguard ESG International Stock ETF 0.3 10 50 7.5 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.3 3 57 7.1 +3.5
IPAC iShares Core MSCI Pacific ETF 0.3 9 51 6.2 +2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -23 9.2 +5.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 21 5.8 +2.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 48 5.1 +1.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 53 7.8 +4.1
VPL Vanguard FTSE Pacific ETF 0.2 7 53 6.7 +3.0
STXI Strive International Developed Markets ETF 0.2 29 31 6.6 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 57 6.9 +3.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 13 8.9 +5.2
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 18 4.2 +0.6
VXUS Vanguard Total International Stock ETF 0.2 5 55 7.7 +4.1
SCHF Schwab International Equity ETF 0.2 6 54 7.2 +3.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 51 4.9 +1.3
INTF iShares International Equity Factor ETF 0.2 15 45 7.5 +3.9
IGRO iShares International Dividend Growth ETF 0.2 15 45 7.2 +3.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 18 9.4 +5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 5.6 +1.9
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 2 8.0 +4.3
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 35 5.3 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 26 7.6 +3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 51 5.2 +1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 48 5.5 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 56 8.0 +4.3
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -65 5.2 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 15 8.7 +5.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 30 7.5 +3.9
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 50 5.6 +2.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 24 4.3 +0.7
IWC iShares Micro-Cap ETF 0.1 60 0 -0.8 -4.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 40 6.7 +3.0
DIM WisdomTree International MidCap Dividend Fund 0.1 58 2 7.5 +3.8
IEFA iShares Core MSCI EAFE ETF 0.1 7 53 7.0 +3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.6 +2.0
GXC SPDR S&P China ETF 0.1 59 1 14.4 +10.8
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -5 4.1 +0.4
IQSI IQ Candriam International Equity ETF 0.1 15 45 6.6 +3.0
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 18 7.2 +3.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -5 7.6 +4.0
RVRB Reverb ETF 0.1 30 30 4.5 +0.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 25 5.1 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.1 17 43 9.4 +5.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 17 12.9 +9.2
VT Vanguard Total World Stock ETF 0.1 6 54 5.8 +2.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 40 6.3 +2.7
TOK iShares MSCI Kokusai ETF 0.1 26 34 5.0 +1.3
EFA iShares MSCI EAFE ETF 0.1 35 25 6.7 +3.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 35 9.5 +5.8
URTH iShares MSCI World ETF 0.1 24 36 5.0 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 31 7.7 +4.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 40 6.8 +3.2
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 35 5.5 +1.9
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 35 9.7 +6.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 25 9.4 +5.7
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.5 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 51 10.1 +6.5
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 53 9.8 +6.2
DWM WisdomTree International Equity Fund 0.0 48 12 7.3 +3.7
VTWV Vanguard Russell 2000 Value ETF 0.0 10 50 7.3 +3.6
IWN iShares Russell 2000 Value ETF 0.0 24 36 7.3 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 20 7.4 +3.7
DFSV Dimensional US Small Cap Value ETF 0.0 31 29 10.0 +6.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 39 3.6 0.0
RSSL Global X Russell 2000 ETF 0.0 8 52 4.3 +0.7
IWM iShares Russell 2000 ETF 0.0 19 41 4.3 +0.6
VTWO Vanguard Russell 2000 ETF 0.0 7 53 4.3 +0.7
EBI Longview Advantage ETF 0.0 35 25 6.5 +2.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 21 5.3 +1.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 32 9.2 +5.6
IEUR iShares Core MSCI Europe ETF 0.0 11 49 7.4 +3.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 30 5.9 +2.3
VGK Vanguard FTSE Europe ETF 0.0 6 54 7.5 +3.8
SPEU SPDR Portfolio Europe ETF 0.0 7 53 7.4 +3.7
DFAS Dimensional U.S. Small Cap ETF 0.0 26 34 6.4 +2.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 42 5.3 +1.7
IWV iShares Russell 3000 ETF 0.0 20 40 4.7 +1.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 48 5.0 +1.3
VTHR Vanguard Russell 3000 ETF 0.0 7 53 4.8 +1.2
AVUS Avantis U.S. Equity ETF 0.0 15 45 5.7 +2.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 46 5.3 +1.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 43 5.5 +1.8
DFUS Dimensional U.S. Equity ETF 0.0 9 51 4.7 +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:		 U.S. Global GO GOLD and Precious Metal Miners 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 11.2 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.59
 
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.