Global X Gold Explorers ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.9x P/Sales
ratio		 3.4x
P/BV
ratio		 2.6x 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) $76
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 50
Wgt avg mkt cap (mns) $3,275
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
COEUR D'ALENE MINES CORP 6.5 %
LUNDIN GOLD INC. 5.2 %
HECLA MINING CO 4.4 %
EQUINOX GOLD CORP. 4.2 %
ELDORADO GOLD CORP 4.0 %
OCEANAGOLD CORP 3.7 %
NEW GOLD INC 3.6 %
PERSEUS MINING LTD 3.1 %
RAMELIUS RESOURCES LTD 3.1 %
ALAMOS GOLD INC. 3.0 %
Total 40.6 %

TOP COUNTRY EXPOSURE
CANADA 55.8 %
AUSTRALIA 23.7 %
UNITED STATES 11.2 %
INDONESIA 5.0 %
SOUTH AFRICA 2.0 %
BRITAIN 1.8 %
TURKEY 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
46.9% 47.3% 4.4% 16.4% -3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.58 9%
MSCI EAFE 0.96 26%
MSCI Emg. Mkts. 1.09 36%

Technical Indicators
Recent close $53.03
30d moving avg. $47.07
Annualized volatility 30.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.8%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 200 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™: 3.3%


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 47.4 35 30 4.7 +1.3
GDXJ VanEck Junior Gold Miners ETF 31.8 52 13 4.8 +1.4
SGDJ Sprott Junior Gold Miners ETF 30.9 50 15 4.5 +1.1
RING iShares MSCI Global Gold Miners ETF 22.8 39 26 4.7 +1.3
SGDM Sprott Gold Miners ETF 20.9 50 15 3.4 +0.1
SILJ ETFMG Prime Junior Silver Miners ETF 19.7 69 -4 2.6 -0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 19.5 60 5 4.1 +0.7
SLVP iShares MSCI Global Silver Miners ETF 16.5 39 26 7.0 +3.7
AGMI Themes Silver Miners ETF 16.0 35 30 5.6 +2.2
SIL Global X Silver Miners ETF 13.7 65 0 3.2 -0.2
GDX VanEck Gold Miners ETF 10.2 51 14 3.6 +0.3
XME SPDR S&P Metals & Mining ETF 9.6 35 30 7.3 +4.0
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 6.7 60 5 6.1 +2.8
CGV Conductor Global Equity Value ETF 5.5 130 -65 8.3 +4.9
CCNR ALPS CoreCommodity Natural Resources ETF 4.9 39 26 11.0 +7.7
AVDV Avantis International Small Cap Value ETF 4.8 36 29 9.5 +6.2
IDX VanEck Indonesia Index ETF 4.2 57 8 7.2 +3.9
AVDS Avantis International Small Cap Equity ETF 3.4 30 35 7.3 +4.0
NANR SPDR S&P North American Natural Resources ETF 3.2 35 30 7.9 +4.5
FTRI First Trust Indxx Global Natural Resources Income ETF 3.1 70 -5 7.6 +4.2
ARGT Global X MSCI Argentina ETF 2.9 59 6 4.5 +1.2
GWX SPDR S&P International Small Cap ETF 2.9 40 25 6.0 +2.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.8 80 -15 10.6 +7.2
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 -20 2.0 -1.3
EIDO iShares MSCI Indonesia ETF 2.5 59 6 8.1 +4.7
VIDI Vident International Equity Strategy ETF 2.4 61 4 10.9 +7.6
AFK VanEck Africa Index ETF 2.1 98 -33 12.0 +8.7
DFIS Dimensional International Small Cap ETF 2.1 39 26 7.3 +4.0
OAIM OneAscent International Equity ETF 2.0 95 -30 5.7 +2.4
SCHC Schwab International Small-Cap Equity ETF 2.0 11 54 6.6 +3.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.7 8 57 6.1 +2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 16 6.8 +3.5
DISV Dimensional International Small Cap Value ETF 1.5 42 23 9.1 +5.7
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 7 9.7 +6.4
NIKL Sprott Nickel Miners ETF 1.5 75 -10 10.1 +6.8
FYC First Trust Small Cap Growth AlphaDEX Fund 1.3 71 -6 0.5 -2.9
LST Leuthold Select Industries ETF 1.2 91 -26 5.1 +1.8
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -15 11.8 +8.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.2 80 -15 5.0 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 26 7.9 +4.6
COLO Global X MSCI Colombia ETF 1.1 62 3 16.8 +13.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -15 13.8 +10.5
ISCF iShares International SmallCap Equity Factor ETF 1.0 23 42 8.2 +4.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -15 9.6 +6.3
DXIV Dimensional International Vector Equity ETF 0.9 34 31 7.8 +4.5
COPA Themes Copper Miners ETF 0.9 35 30 5.9 +2.5
VAW Vanguard Materials ETF 0.9 9 56 6.0 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 26 5.8 +2.4
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 6 11.6 +8.3
GMET VanEck Green Metals ETF 0.8 63 2 9.1 +5.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.8 40 25 6.9 +3.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 36 8.2 +4.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 6 7.5 +4.2
EWC iShares MSCI Canada ETF 0.7 50 15 6.1 +2.8
AVDE Avantis International Equity ETF 0.6 23 42 7.4 +4.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.6 39 26 5.8 +2.5
IWN iShares Russell 2000 Value ETF 0.6 24 41 7.3 +4.0
FTWO Strive FAANG 2.0 ETF 0.6 49 16 4.3 +1.0
DFIC Dimensional International Core Equity 2 ETF 0.6 23 42 7.4 +4.1
STXK Strive Small-Cap ETF 0.6 18 47 5.8 +2.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -5 4.8 +1.5
VTWV Vanguard Russell 2000 Value ETF 0.6 10 55 7.3 +4.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 4 5.9 +2.6
RSSL Global X Russell 2000 ETF 0.5 8 57 4.4 +1.0
IWM iShares Russell 2000 ETF 0.5 19 46 4.3 +0.9
FMAT Fidelity MSCI Materials Index ETF 0.5 8 57 6.0 +2.7
TUR iShares MSCI Turkey ETF 0.5 58 7 17.0 +13.6
VTWO Vanguard Russell 2000 ETF 0.5 7 58 4.3 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -7 -0.9 -4.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 35 7.9 +4.5
IGE iShares North American Natural Resources ETF 0.5 41 24 7.5 +4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 26 5.3 +2.0
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 37 9.2 +5.8
AVSD Avantis Responsible International Equity ETF 0.5 23 42 5.7 +2.3
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 41 6.3 +3.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -25 7.0 +3.7
IWO iShares Russell 2000 Growth ETF 0.5 24 41 1.3 -2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -14 9.0 +5.7
VTWG Vanguard Russell 2000 Growth ETF 0.5 10 55 1.4 -1.9
ISMD Inspire Small/Mid Cap ETF 0.4 54 11 5.5 +2.1
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 6.7 +3.4
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 7 8.1 +4.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -5 7.8 +4.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 20 4.0 +0.6
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 59 9.2 +5.9
AVIV Avantis International Large Cap Value ETF 0.4 25 40 8.6 +5.2
VFVA Vanguard U.S. Value Factor ETF 0.4 13 52 10.8 +7.4
FESM Fidelity Enhanced Small Cap ETF 0.3 28 37 7.2 +3.9
SCHA Schwab U.S. Small-Cap ETF 0.3 4 61 5.9 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 61 7.0 +3.6
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.1 +5.7
IPAC iShares Core MSCI Pacific ETF 0.3 9 56 6.3 +3.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.5 +2.1
DFAI Dimensional International Core Equity Market ETF 0.3 18 47 7.1 +3.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 61 5.9 +2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 12.7 +9.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 0 7.8 +4.4
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.9 +4.6
DFAS Dimensional U.S. Small Cap ETF 0.3 26 39 6.3 +3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 1 2.2 -1.1
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 40 7.3 +4.0
VPL Vanguard FTSE Pacific ETF 0.2 7 58 6.8 +3.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 56 4.2 +0.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 61 6.2 +2.8
DFSV Dimensional US Small Cap Value ETF 0.2 31 34 9.9 +6.6
VSGX Vanguard ESG International Stock ETF 0.2 10 55 7.7 +4.3
VEA Vanguard FTSE Developed Markets ETF 0.2 3 62 7.2 +3.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 23 9.7 +6.4
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 23 7.2 +3.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 8.2 +4.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 27 9.2 +5.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 5.7 +2.3
VB Vanguard Small-Cap ETF 0.2 5 60 6.1 +2.8
VXUS Vanguard Total International Stock ETF 0.2 5 60 7.9 +4.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.7 +2.4
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 40 5.3 +2.0
VXF Vanguard Extended Market ETF 0.2 5 60 4.7 +1.3
EES WisdomTree U.S. SmallCap Fund 0.2 38 27 8.6 +5.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 18 8.9 +5.5
QINT American Century Quality Diversified International ETF 0.2 39 26 7.3 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 8.8 +5.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.7 +3.4
INTF iShares International Equity Factor ETF 0.1 15 50 7.6 +4.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 62 7.0 +3.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 7.8 +4.5
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 7 8.0 +4.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 7 9.8 +6.4
IEFA iShares Core MSCI EAFE ETF 0.1 7 58 7.0 +3.7
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 3.0 -0.4
DIHP Dimensional International High Profitability ETF 0.1 29 36 7.2 +3.8
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -60 5.3 +1.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 53 6.0 +2.7
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.7 +4.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 9.3 +6.0
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 6.3 +2.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.0 +2.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 2.9 -0.5
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.2 +2.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 13.4 +10.1
VT Vanguard Total World Stock ETF 0.1 6 59 5.9 +2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.5 +2.2
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.4 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 10.6 +7.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.3 +7.0
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.5 +4.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 50 5.9 +2.5
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +3.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 5.6 +2.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 9.4 +6.1
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 8.5 +5.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.9 +4.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.8 +4.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.5 +2.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.8 +5.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 0 4.1 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 10.7 +7.3
IQLT iShares MSCI Intl Quality Factor ETF 0.0 30 35 6.3 +2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 7.4 +4.1
DWM WisdomTree International Equity Fund 0.0 48 17 7.4 +4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 6 9.0 +5.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 50 8.1 +4.7
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.3 +2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.3 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 10.4 +7.0
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 11.1 +7.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.8 +5.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.7 +1.4
TOK iShares MSCI Kokusai ETF 0.0 26 39 5.0 +1.7
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.4 +4.1
URTH iShares MSCI World ETF 0.0 24 41 5.1 +1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.2 +1.8
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 +1.4
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 +1.5
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 +2.2
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +1.7
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.7 +2.4
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 5.0 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.9 +1.5
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.9 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 9.4 +6.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 9.3 +6.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.6 +6.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.7 +5.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.2 +3.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.6 +2.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +2.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.7 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 10.3 +7.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 54 10.2 +6.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 29 10.0 +6.6
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.5 +4.2
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.4 +4.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 61 8.1 +4.8
EBI Longview Advantage ETF 0.0 35 30 6.5 +3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.9 +2.6
DFIV Dimensional International Value ETF 0.0 27 38 9.6 +6.3
AVES Avantis Emerging Markets Value ETF 0.0 36 29 11.1 +7.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.9 +4.5
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 8.7 +5.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 9.3 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 3.3 %
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.