Global X Gold Explorers ETF
ALTAR
Score™		 1.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 28.3x P/Sales
ratio		 5.9x
P/BV
ratio		 4.5x Div.
yield		 0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Gold Explorers ETF seeks to track the performance of the Solactive Global Gold Explorers Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Nov 03, 2010
Assets (mns) $149
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $7,306
Large cap (>$10bn) 5.1%
Mid cap ($2-10bn) 45.4%
Small cap (<$2bn) 49.5%
Developed mkts 90.4%
Emerging mkts 9.6%

TOP TEN HOLDINGS
HECLA MINING CO 6.8 %
ELDORADO GOLD CORP 4.2 %
NEW GOLD INC 4.1 %
ALAMOS GOLD INC. 4.1 %
EQUINOX GOLD CORP. 4.0 %
DPM METALS INC 3.8 %
OCEANAGOLD CORP 3.8 %
LUNDIN GOLD INC. 3.7 %
BUMI RESOURCES MINERALS TBK 3.6 %
COEUR D'ALENE MINES CORP 3.3 %
Total 41.4 %

TOP COUNTRY EXPOSURE
CANADA 58.0 %
AUSTRALIA 22.8 %
UNITED STATES 10.5 %
INDONESIA 5.3 %
SOUTH AFRICA 2.2 %
CHINA 0.8 %
BRITAIN 0.4 %




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.
179.5% 179.5% 20.0% 23.0% 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.45 4%
MSCI EAFE 0.99 15%
MSCI Emg. Mkts. 0.91 15%

Technical Indicators
Recent close $90.47
30d moving avg. $79.87
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 69
Turnover 4.2%
Bid/Ask (% of price) 0.88%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 291 potential alternatives to the Global X Gold Explorers ETF ETF based on the alternatives' overlap in portfolio holdings with GOEX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GOEX Expense: 65 bp ALTAR Score™: 1.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GOEX
Ticker Fund
Name		 Overlap1
vs GOEX
(%)		 Expense
ratio
(bp)		 Savings
vs GOEX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GOEX
(%)
AUMI Themes Gold Miners ETF 43.5 35 30 2.6 +1.1
GDXJ VanEck Junior Gold Miners ETF 32.3 52 13 2.3 +0.8
SGDJ Sprott Junior Gold Miners ETF 26.8 50 15 1.7 +0.2
RING iShares MSCI Global Gold Miners ETF 23.3 39 26 2.8 +1.3
SGDM Sprott Gold Miners ETF 23.3 50 15 2.0 +0.5
SLVP iShares MSCI Global Silver Miners ETF 19.3 39 26 3.0 +1.5
SILJ ETFMG Prime Junior Silver Miners ETF 18.1 69 -4 0.1 -1.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 17.7 60 5 2.0 +0.5
GDX VanEck Gold Miners ETF 14.7 51 14 2.4 +1.0
SIL Global X Silver Miners ETF 12.1 65 0 1.3 -0.2
AGMI Themes Silver Miners ETF 9.3 35 30 2.8 +1.3
CGV Conductor Global Equity Value ETF 9.0 130 -65 6.8 +5.3
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -1.1 -2.6
XME State Street SPDR S&P Metals & Mining ETF 8.6 35 30 5.1 +3.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.4 60 5 4.1 +2.6
JIVE JPMorgan International Value ETF 7.0 55 10 9.5 +8.1
PSCM Invesco S&P SmallCap Materials ETF 6.8 29 36 9.6 +8.1
FFTY Innovator IBD 50 ETF 6.4 80 -15 -1.8 -3.2
CCNR ALPS CoreCommodity Natural Resources ETF 5.9 39 26 7.3 +5.8
AVDV Avantis International Small Cap Value ETF 5.7 36 29 7.6 +6.1
SGRT SMART Earnings Growth 30 ETF 5.5 59 6 1.7 +0.3
IDX VanEck Indonesia Index ETF 5.3 57 8 6.7 +5.2
AZTD Aztlan Global Stock Selection DM SMID ETF 4.8 75 -10 5.3 +3.8
FTRI First Trust Indxx Global Natural Resources Income ETF 4.6 70 -5 6.4 +5.0
NANR SPDR S&P North American Natural Resources ETF 4.3 35 30 6.7 +5.2
AVDS Avantis International Small Cap Equity ETF 4.3 30 35 5.9 +4.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 4.2 39 26 1.3 -0.2
ARGT Global X MSCI Argentina ETF 4.1 59 6 3.1 +1.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 3.4 +1.9
VIDI Vident International Equity Strategy ETF 3.3 61 4 9.2 +7.7
TIME Clockwise Core Equity & Innovation ETF 3.1 95 -30 3.2 +1.7
AFK VanEck Africa Index ETF 2.8 98 -33 11.2 +9.7
AKAF The Frontier Economic Fund 2.8 20 45 5.5 +4.0
SCHC Schwab International Small-Cap Equity ETF 2.8 11 54 6.7 +5.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -15 7.3 +5.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.7 80 -15 9.3 +7.8
DFIS Dimensional International Small Cap ETF 2.7 39 26 6.2 +4.7
ICPY Tweedy, Browne International Insider Value ETF 2.7 80 -15 9.9 +8.5
GPT Intelligent Alpha Atlas ETF 2.6 69 -4 4.9 +3.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.3 8 57 6.4 +5.0
COPY Tweedy, Browne Insider + Value ETF 2.0 80 -15 10.2 +8.7
GWX SPDR S&P International Small Cap ETF 2.0 40 25 5.8 +4.4
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 16 3.8 +2.3
VAW Vanguard Materials ETF 1.9 9 56 5.4 +3.9
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 16 8.9 +7.4
EIDO iShares MSCI Indonesia ETF 1.9 59 6 7.1 +5.6
FESM Fidelity Enhanced Small Cap ETF 1.9 28 37 2.7 +1.3
DISV Dimensional International Small Cap Value ETF 1.8 42 23 7.9 +6.5
FMAT Fidelity MSCI Materials Index ETF 1.7 8 57 5.4 +3.9
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 42 7.3 +5.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 16 6.1 +4.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.6 30 35 5.6 +4.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -15 12.6 +11.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.5 80 -15 10.2 +8.7
OAIM OneAscent International Equity ETF 1.5 95 -30 4.6 +3.1
LST Leuthold Select Industries ETF 1.5 91 -26 4.8 +3.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.5 70 -5 1.6 +0.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.4 10 55 8.5 +7.0
RNIN Bushido Capital US SMID Cap Equity ETF 1.4 70 -5 11.2 +9.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.4 39 26 6.7 +5.3
COLO Global X MSCI Colombia ETF 1.3 62 3 16.0 +14.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -25 4.4 +2.9
DXIV Dimensional International Vector Equity ETF 1.2 34 31 6.6 +5.1
AVDE Avantis International Equity ETF 1.2 23 42 6.3 +4.8
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 26 5.2 +3.8
IWN iShares Russell 2000 Value ETF 1.2 24 41 5.6 +4.2
STXK Strive Small-Cap ETF 1.2 18 47 5.2 +3.8
FDEV Fidelity International Multifactor ETF 1.2 18 47 6.6 +5.1
SCZ iShares MSCI EAFE Small-Cap ETF 1.2 40 25 6.2 +4.7
VTWV Vanguard Russell 2000 Value ETF 1.2 10 55 5.7 +4.2
EWUS iShares MSCI United Kingdom Small Cap ETF 1.2 59 6 6.9 +5.4
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 6 10.2 +8.8
IGE iShares North American Natural Resources ETF 1.0 41 24 6.4 +4.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.0 29 36 6.9 +5.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 50 5.2 +3.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -15 8.2 +6.8
PSC Principal U.S. Small-Cap ETF 1.0 38 27 5.8 +4.4
IWM iShares Russell 2000 ETF 1.0 19 46 3.1 +1.6
RSSL Global X Russell 2000 ETF 1.0 8 57 3.1 +1.6
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 7 5.3 +3.8
NIKL Sprott Nickel Miners ETF 1.0 75 -10 6.3 +4.8
AVIV Avantis International Large Cap Value ETF 1.0 25 40 7.4 +5.9
VIOO Vanguard S&P Small-Cap 600 ETF 1.0 7 58 6.6 +5.1
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 48 4.8 +3.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.9 35 30 6.8 +5.3
EWC iShares MSCI Canada ETF 0.9 50 15 5.2 +3.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 4.3 +2.8
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.9 15 50 4.8 +3.3
FLCA Franklin FTSE Canada ETF 0.9 9 56 5.6 +4.1
VTWO Vanguard Russell 2000 ETF 0.9 7 58 3.2 +1.7
DFIC Dimensional International Core Equity 2 ETF 0.8 23 42 6.3 +4.8
IWO iShares Russell 2000 Growth ETF 0.8 24 41 0.6 -0.9
BFOR ALPS Barron's 400 ETF 0.8 65 0 4.9 +3.4
FCA First Trust China AlphaDEX Fund 0.8 80 -15 8.7 +7.2
COPX Global X Copper Miners ETF 0.8 65 0 4.2 +2.7
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.8 79 -14 4.9 +3.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 20 1.6 +0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 35 6.6 +5.1
NUSC Nuveen ESG Small-Cap ETF 0.7 31 34 4.5 +3.0
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.7 49 16 9.9 +8.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 7 7.2 +5.7
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 35 6.9 +5.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 26 5.8 +4.3
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 41 5.4 +4.0
SCHA Schwab U.S. Small-Cap ETF 0.7 4 61 4.8 +3.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 5 5.8 +4.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 61 5.0 +3.6
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 55 0.8 -0.7
SETM Sprott Energy Transition Materials ETF 0.6 65 0 1.4 -0.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 2.7 +1.2
XC WisdomTree Emerging Markets Ex-China Fund 0.6 32 33 5.5 +4.0
AVIE Avantis  Inflation Focused Equity ETF 0.6 25 40 6.3 +4.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.6 60 5 6.0 +4.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 55 4.7 +3.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 3.3 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 61 6.0 +4.6
QINT American Century Quality Diversified International ETF 0.5 39 26 6.1 +4.6
DFAS Dimensional U.S. Small Cap ETF 0.5 26 39 5.7 +4.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 58 4.9 +3.5
GMET VanEck Green Metals ETF 0.5 63 2 5.4 +3.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 48 5.1 +3.7
HAP VanEck Natural Resources ETF 0.5 50 15 7.6 +6.1
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 23 5.7 +4.2
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.2 +5.7
MDY SPDR S&P Midcap 400 ETF Trust 0.5 24 41 6.0 +4.5
IJH iShares Core S&P Mid-Cap ETF 0.5 5 60 6.2 +4.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 59 2.5 +1.0
AFSM First Trust Active Factor Small Cap ETF 0.5 75 -10 6.4 +5.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 23 8.6 +7.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 19 8.2 +6.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -14 7.1 +5.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 62 6.2 +4.7
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.0 +3.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 1 0.9 -0.6
VBK Vanguard Small-Cap Growth ETF 0.4 7 58 1.4 -0.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -2.4
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 0 6.9 +5.5
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 59 7.5 +6.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.0 +4.5
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 5.6 +4.1
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 4.2 +2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 4.7 +3.2
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 52 2.4 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -7 -1.3 -2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 26 8.7 +7.2
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 37 8.7 +7.3
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 58 6.7 +5.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 20 9.4 +7.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 40 6.2 +4.7
VSGX Vanguard ESG International Stock ETF 0.4 10 55 6.6 +5.1
VB Vanguard Small-Cap ETF 0.4 5 60 5.2 +3.7
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 23 6.6 +5.1
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 6.1 +4.6
VPL Vanguard FTSE Pacific ETF 0.4 7 58 5.7 +4.2
VXF Vanguard Extended Market ETF 0.3 5 60 3.9 +2.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 50 5.2 +3.7
AVSD Avantis Responsible International Equity ETF 0.3 23 42 4.6 +3.1
EZM WisdomTree U.S. MidCap Fund 0.3 38 27 7.5 +6.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 4.7 +3.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 6.6 +5.1
VBR Vanguard Small Cap Value ETF 0.3 7 58 7.8 +6.3
ISMD Inspire Small/Mid Cap ETF 0.3 54 11 4.6 +3.1
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 21 10.2 +8.8
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 13 6.1 +4.6
DIHP Dimensional International High Profitability ETF 0.3 29 36 5.8 +4.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.2 +3.7
BBCA JPMorgan BetaBuilders Canada ETF 0.3 19 46 5.5 +4.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 5.5 +4.0
AVMV Avantis U.S. Mid Cap Value ETF 0.3 20 45 7.5 +6.1
VXUS Vanguard Total International Stock ETF 0.3 5 60 6.8 +5.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 8.1 +6.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 6.0 +4.5
UIVM VictoryShares International Value Momentum ETF 0.3 35 30 7.5 +6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 8.5 +7.0
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 61 5.9 +4.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 41 6.4 +4.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -5 6.8 +5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 4.9 +3.4
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 25 4.1 +2.6
INTF iShares International Equity Factor ETF 0.2 15 50 6.5 +5.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 6.8 +5.3
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 7.8 +6.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 40 6.8 +5.3
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 42 5.2 +3.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 6.2 +4.8
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 27 8.1 +6.6
TPIF Timothy Plan International ETF 0.2 62 3 5.4 +3.9
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.1 +4.6
GLOF iShares Global Equity Factor ETF 0.2 20 45 5.9 +4.4
DXUV Dimensional US Vector Equity ETF 0.2 28 37 5.2 +3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 25 6.4 +4.9
DIM WisdomTree International MidCap Dividend Fund 0.2 58 7 6.4 +5.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 2 11.9 +10.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 45 4.8 +3.3
DWM WisdomTree International Equity Fund 0.2 48 17 6.3 +4.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 0 7.1 +5.6
FDMO Fidelity Momentum Factor ETF 0.2 15 50 3.0 +1.5
PEXL Pacer US Export Leaders ETF 0.1 60 5 3.8 +2.3
PTL Inspire 500 ETF 0.1 9 56 4.6 +3.2
CIL VictoryShares International Volatility Wtd ETF 0.1 45 20 5.7 +4.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 7.0 +5.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -23 7.2 +5.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 6.4 +4.9
VT Vanguard Total World Stock ETF 0.1 6 59 5.1 +3.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 4.7 +3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 7.5 +6.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 10.4 +8.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 9.4 +7.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 45 5.6 +4.1
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 23 5.4 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 8.4 +6.9
BKIE BNY Mellon International Equity ETF 0.1 4 61 6.0 +4.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 6.4 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.4 +5.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.3 +2.9
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 7.4 +5.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 5.2 +3.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 8.3 +6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 6.9 +5.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 7.2 +5.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 9.0 +7.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 4.6 +3.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 8.5 +7.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 6.8 +5.3
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 4.5 +3.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 6.0 +4.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 7.9 +6.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.9 +6.4
AVUS Avantis U.S. Equity ETF 0.1 15 50 4.9 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 24 6.3 +4.9
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 3.5 +2.0
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 9.2 +7.8
SCHF Schwab International Equity ETF 0.1 6 59 6.2 +4.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 5.3 +3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 7.4 +5.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 6.4 +4.9
IGRO iShares International Dividend Growth ETF 0.1 15 50 6.2 +4.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 40 5.8 +4.3
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 5.9 +4.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 23 6.0 +4.5
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 9.4 +7.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 40 4.7 +3.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.1 +2.6
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 5.8 +4.3
IWV iShares Russell 3000 ETF 0.0 20 45 4.0 +2.6
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 61 3.4 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 7.2 +5.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.3 +2.8
SCHK Schwab 1000 Index ETF 0.0 5 60 4.3 +2.8
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.2 +2.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.3 +2.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.2 +2.7
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 3.4 +1.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 8.4 +6.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 7.1 +5.6
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.2 +2.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.4 +4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 54 4.2 +2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.6 +6.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 7 5.8 +4.3
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.1 +2.6
IEUR iShares Core MSCI Europe ETF 0.0 11 54 6.3 +4.8
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 8.0 +6.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 8.0 +6.5
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.3 +2.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.7 +3.2
URTH iShares MSCI World ETF 0.0 24 41 4.4 +2.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 23 4.7 +3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 32 8.1 +6.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 56 4.5 +3.0
SPEU SPDR Portfolio Europe ETF 0.0 7 58 6.3 +4.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.3 +4.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 4.4 +2.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 5.6 +4.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 8.2 +6.7
AVUQ Avantis U.S. Quality ETF 0.0 15 50 3.5 +2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 15 9.2 +7.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 7.4 +5.9
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 9.4 +8.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 7.4 +6.0
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.4 +4.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.1 +3.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 5.6 +4.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 47 5.9 +4.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 36 4.6 +3.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.1 +1.6
AVES Avantis Emerging Markets Value ETF 0.0 36 29 9.5 +8.0
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 9.1 +7.7
DFIV Dimensional International Value ETF 0.0 27 38 8.0 +6.5
EBI Longview Advantage ETF 0.0 35 30 5.7 +4.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 5.8 +4.3

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 Gold Explorers 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 9.5 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 1.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.58
 
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.