Global X Gold Explorers ETF
ALTAR
Score™		 2.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.5x P/Sales
ratio		 5.3x
P/BV
ratio		 4.1x 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) $131
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 6.1 %
EQUINOX GOLD CORP. 4.5 %
ELDORADO GOLD CORP 4.1 %
ALAMOS GOLD INC. 4.1 %
BUMI RESOURCES MINERALS TBK 4.0 %
LUNDIN GOLD INC. 3.9 %
OCEANAGOLD CORP 3.7 %
NEW GOLD INC 3.7 %
DPM METALS INC 3.7 %
G MINING VENTURE CORP 3.0 %
Total 40.7 %

TOP COUNTRY EXPOSURE
CANADA 58.5 %
AUSTRALIA 21.2 %
UNITED STATES 9.6 %
INDONESIA 5.5 %
SOUTH AFRICA 2.3 %
BRITAIN 2.2 %
CHINA 0.7 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
164.1% 146.1% 21.3% 21.9% 0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.70 6%
MSCI EAFE 0.55 4%
MSCI Emg. Mkts. 0.76 8%

Technical Indicators
Recent close $81.50
30d moving avg. $71.80
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 16
Turnover 1.0%
Bid/Ask (% of price) 0.86%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 243 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™: 2.2%


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 44.6 35 30 3.4 +1.2
GDXJ VanEck Junior Gold Miners ETF 31.9 52 13 3.2 +1.0
SGDJ Sprott Junior Gold Miners ETF 27.0 50 15 2.3 +0.1
RING iShares MSCI Global Gold Miners ETF 23.4 39 26 3.8 +1.6
SGDM Sprott Gold Miners ETF 21.5 50 15 2.7 +0.5
SLVP iShares MSCI Global Silver Miners ETF 18.8 39 26 4.5 +2.3
SILJ ETFMG Prime Junior Silver Miners ETF 17.4 69 -4 0.5 -1.7
GDX VanEck Gold Miners ETF 15.9 51 14 3.4 +1.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 15.5 60 5 2.8 +0.6
SIL Global X Silver Miners ETF 11.3 65 0 2.0 -0.2
XME State Street SPDR S&P Metals & Mining ETF 9.1 35 30 6.8 +4.6
AVDV Avantis International Small Cap Value ETF 9.1 36 29 8.6 +6.4
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -1.2 -3.4
AGMI Themes Silver Miners ETF 8.5 35 30 3.9 +1.7
CGV Conductor Global Equity Value ETF 7.7 130 -65 7.7 +5.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.2 60 5 5.2 +3.0
PSCM Invesco S&P SmallCap Materials ETF 6.1 29 36 11.7 +9.6
IDX VanEck Indonesia Index ETF 5.2 57 8 7.0 +4.8
CCNR ALPS CoreCommodity Natural Resources ETF 5.2 39 26 8.5 +6.4
NANR SPDR S&P North American Natural Resources ETF 4.6 35 30 7.8 +5.6
AZTD Aztlan Global Stock Selection DM SMID ETF 4.6 75 -10 6.4 +4.2
ARGT Global X MSCI Argentina ETF 4.3 59 6 3.6 +1.4
FTRI First Trust Indxx Global Natural Resources Income ETF 4.2 70 -5 7.6 +5.4
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 16 4.6 +2.4
AVDS Avantis International Small Cap Equity ETF 4.0 30 35 6.6 +4.4
OAIM OneAscent International Equity ETF 3.6 95 -30 5.3 +3.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 4.1 +1.9
VIDI Vident International Equity Strategy ETF 3.2 61 4 10.3 +8.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.0 8 57 7.1 +4.9
SGRT SMART Earnings Growth 30 ETF 3.0 59 6 2.4 +0.2
SCHC Schwab International Small-Cap Equity ETF 2.7 11 54 7.5 +5.4
FFTY Innovator IBD 50 ETF 2.7 80 -15 -1.9 -4.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.6 80 -15 10.7 +8.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.6 80 -15 8.4 +6.2
DFIS Dimensional International Small Cap ETF 2.6 39 26 6.9 +4.8
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 -20 3.0 +0.9
ICPY Tweedy, Browne International Insider Value ETF 2.5 80 -15 11.3 +9.1
AKAF The Frontier Economic Fund 2.5 20 45 6.2 +4.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.4 39 26 7.5 +5.3
IVAL Alpha Architect International Quantitative Value ETF 2.2 49 16 9.8 +7.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.2 39 26 1.6 -0.6
TIME Clockwise Core Equity & Innovation ETF 2.0 95 -30 4.0 +1.8
AFK VanEck Africa Index ETF 2.0 98 -33 14.0 +11.8
GPT Intelligent Alpha Atlas ETF 2.0 69 -4 5.8 +3.6
DISV Dimensional International Small Cap Value ETF 1.9 42 23 8.8 +6.6
GWX SPDR S&P International Small Cap ETF 1.9 40 25 6.4 +4.2
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -15 11.4 +9.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.8 70 -5 2.1 -0.1
EIDO iShares MSCI Indonesia ETF 1.8 59 6 7.7 +5.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 26 5.9 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 36 7.7 +5.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 16 6.7 +4.6
COPA Themes Copper Miners ETF 1.7 35 30 4.4 +2.2
VAW Vanguard Materials ETF 1.7 9 56 6.4 +4.2
FEM First Trust Emerging Markets AlphaDEX Fund 1.6 80 -15 11.6 +9.4
FYLD Cambria Foreign Shareholder Yield ETF 1.6 59 6 11.1 +8.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.5 80 -15 14.4 +12.3
ISCF iShares International SmallCap Equity Factor ETF 1.5 23 42 8.0 +5.9
LST Leuthold Select Industries ETF 1.5 91 -26 5.7 +3.5
COLO Global X MSCI Colombia ETF 1.3 62 3 19.2 +17.0
IJS iShares S&P Small-Cap 600 Value ETF 1.3 18 47 9.6 +7.4
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.2 15 50 9.6 +7.4
AVDE Avantis International Equity ETF 1.2 23 42 7.0 +4.8
DXIV Dimensional International Vector Equity ETF 1.2 34 31 7.4 +5.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.2 10 55 9.5 +7.3
SCZ iShares MSCI EAFE Small-Cap ETF 1.2 40 25 6.8 +4.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.2 90 -25 5.1 +2.9
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 6 7.8 +5.6
FMAT Fidelity MSCI Materials Index ETF 1.1 8 57 6.3 +4.2
STXK Strive Small-Cap ETF 1.0 18 47 5.9 +3.7
IWN iShares Russell 2000 Value ETF 1.0 24 41 6.2 +4.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -15 9.7 +7.6
VTWV Vanguard Russell 2000 Value ETF 1.0 10 55 6.3 +4.1
ISMD Inspire Small/Mid Cap ETF 0.9 54 11 5.2 +3.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 4.8 +2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -7 -1.3 -3.5
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 7 7.1 +4.9
NIKL Sprott Nickel Miners ETF 0.9 75 -10 9.4 +7.2
EWC iShares MSCI Canada ETF 0.9 50 15 5.7 +3.5
IJR iShares Core S&P Small Cap ETF 0.9 6 59 7.4 +5.2
IWM iShares Russell 2000 ETF 0.9 19 46 3.5 +1.3
RSSL Global X Russell 2000 ETF 0.9 8 57 3.5 +1.3
IGE iShares North American Natural Resources ETF 0.9 41 24 7.3 +5.2
VTWO Vanguard Russell 2000 ETF 0.9 7 58 3.6 +1.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 5 6.8 +4.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 62 7.5 +5.3
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 7 58 7.4 +5.2
VFVA Vanguard U.S. Value Factor ETF 0.8 13 52 10.3 +8.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 20 1.7 -0.5
DFIC Dimensional International Core Equity 2 ETF 0.8 23 42 7.0 +4.8
AVSD Avantis Responsible International Equity ETF 0.8 23 42 5.1 +2.9
IWO iShares Russell 2000 Growth ETF 0.7 24 41 0.8 -1.4
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 55 0.9 -1.3
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.7 79 -14 5.8 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 35 7.4 +5.2
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 41 6.1 +3.9
BFOR ALPS Barron's 400 ETF 0.7 65 0 5.8 +3.7
FCA First Trust China AlphaDEX Fund 0.7 80 -15 9.9 +7.7
COPX Global X Copper Miners ETF 0.7 65 0 5.5 +3.3
FESM Fidelity Enhanced Small Cap ETF 0.6 28 37 3.2 +1.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 56 3.8 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -14 7.6 +5.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 3.0 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 61 5.7 +3.5
SCHA Schwab U.S. Small-Cap ETF 0.6 4 61 5.5 +3.3
ISCV iShares Morningstar Small Cap Value ETF 0.6 6 59 8.3 +6.1
AVIV Avantis International Large Cap Value ETF 0.6 25 40 8.1 +6.0
VPL Vanguard FTSE Pacific ETF 0.5 7 58 6.3 +4.1
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.9 +5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 1 1.2 -1.0
HAP VanEck Natural Resources ETF 0.5 50 15 8.7 +6.5
GMET VanEck Green Metals ETF 0.5 63 2 7.1 +4.9
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 61 6.6 +4.4
JIVE JPMorgan International Value ETF 0.5 55 10 10.6 +8.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 47 5.3 +3.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.5 60 5 6.9 +4.7
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 4.1 +1.9
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.5 40 25 4.6 +2.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 55 5.5 +3.3
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.5 15 50 5.3 +3.2
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 6.5 +4.3
VSGX Vanguard ESG International Stock ETF 0.4 10 55 7.5 +5.3
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -3.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 48 5.9 +3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 26 10.4 +8.3
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 6.0 +3.8
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 6.7 +4.6
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.7 +4.5
AFSM First Trust Active Factor Small Cap ETF 0.4 75 -10 7.4 +5.2
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 40 7.1 +4.9
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 5.8 +3.6
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 58 7.5 +5.3
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.7 +3.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 23 9.3 +7.2
VBK Vanguard Small-Cap Growth ETF 0.4 7 58 1.7 -0.5
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 0 8.2 +6.0
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 37 9.8 +7.6
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 7.3 +5.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 7.5 +5.4
EES WisdomTree U.S. SmallCap Fund 0.3 38 27 8.4 +6.2
VXUS Vanguard Total International Stock ETF 0.3 5 60 7.6 +5.4
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 27 8.9 +6.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.1 +2.9
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 52 3.0 +0.8
VB Vanguard Small-Cap ETF 0.3 5 60 6.0 +3.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 9.5 +7.3
VXF Vanguard Extended Market ETF 0.3 5 60 4.4 +2.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.7 +3.5
VBR Vanguard Small Cap Value ETF 0.3 7 58 8.9 +6.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 6.6 +4.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 8.8 +6.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 7 8.0 +5.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -5 7.6 +5.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.4 +4.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 61 6.9 +4.7
INTF iShares International Equity Factor ETF 0.2 15 50 7.2 +5.0
DIHP Dimensional International High Profitability ETF 0.2 29 36 6.5 +4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.5 +3.3
QINT American Century Quality Diversified International ETF 0.2 39 26 6.7 +4.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 50 5.9 +3.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 59 2.9 +0.7
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.5 +6.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.2 +5.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 8.0 +5.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 45 5.3 +3.1
GLOF iShares Global Equity Factor ETF 0.2 20 45 6.7 +4.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.6 +4.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 0 7.9 +5.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 45 5.4 +3.2
DXUV Dimensional US Vector Equity ETF 0.2 28 37 6.0 +3.8
VT Vanguard Total World Stock ETF 0.1 6 59 5.7 +3.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 5.7 +3.5
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 6.3 +4.1
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.4 +2.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.3 +5.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 11.9 +9.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 8.7 +6.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.5 +3.3
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +4.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.2 +5.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.9 +2.8
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 8.7 +6.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 9.5 +7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 7.6 +5.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.3 +8.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.2 +6.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 9.9 +7.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 7.6 +5.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.0 +4.8
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 5.4 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.5 +8.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 6.5 +4.3
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 4.1 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.2 +5.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.3 +3.1
SCHF Schwab International Equity ETF 0.1 6 59 7.0 +4.8
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 6.1 +3.9
DWM WisdomTree International Equity Fund 0.1 48 17 6.9 +4.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 40 7.0 +4.8
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.7 +3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 7.5 +5.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.6 +7.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.5 +6.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 8.5 +6.4
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 7.2 +5.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.2 +6.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.6 +7.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.8 +2.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.4 +3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 8.6 +6.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.3 +5.1
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 9.6 +7.4
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 +2.5
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 +2.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.9 +2.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +2.8
SCHK Schwab 1000 Index ETF 0.0 5 60 5.0 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.7 +7.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.8 +2.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 4.0 +1.8
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.8 +2.7
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.0 +4.9
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 +2.6
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.9 +2.7
URTH iShares MSCI World ETF 0.0 24 41 4.9 +2.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.6 +6.4
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.3 +3.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.2 +5.0
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 5.1 +2.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.8 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.5 +7.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.3 +6.1
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 11.0 +8.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.7 +3.5
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.2 +5.0
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.1 +4.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +4.1
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 40 10.9 +8.8
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 10.1 +7.9
DFIV Dimensional International Value ETF 0.0 27 38 8.8 +6.6
EBI Longview Advantage ETF 0.0 35 30 6.7 +4.5
AVES Avantis Emerging Markets Value ETF 0.0 36 29 10.6 +8.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 6.2 +4.0

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 3.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.2 %
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.