Global X Gold Explorers ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 2.8x
P/BV
ratio		 2.2x 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) $64
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) $3,108
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 5.4 %
LUNDIN GOLD INC. 4.9 %
EQUINOX GOLD CORP. 4.0 %
NEW GOLD INC 3.9 %
ELDORADO GOLD CORP 3.8 %
HECLA MINING CO 3.7 %
OCEANAGOLD CORP 3.4 %
ALAMOS GOLD INC. 3.3 %
PERSEUS MINING LTD 3.2 %
GENESIS MINERALS LIMITED 3.0 %
Total 38.5 %

TOP COUNTRY EXPOSURE
CANADA 54.9 %
AUSTRALIA 25.9 %
UNITED STATES 9.5 %
INDONESIA 5.1 %
BRITAIN 2.4 %
SOUTH AFRICA 1.7 %
TURKEY 0.6 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
54.8% 70.2% 9.3% 14.7% -2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.59 10%
MSCI EAFE 0.99 28%
MSCI Emg. Mkts. 1.08 35%

Technical Indicators
Recent close $45.95
30d moving avg. $45.44
Annualized volatility 30.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.4%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 199 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™: 4.3%


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 48.7 35 30 5.7 +1.4
GDXJ VanEck Junior Gold Miners ETF 32.5 52 13 5.7 +1.5
SGDJ Sprott Junior Gold Miners ETF 31.4 50 15 5.0 +0.8
RING iShares MSCI Global Gold Miners ETF 23.8 39 26 5.7 +1.4
SGDM Sprott Gold Miners ETF 21.8 50 15 4.0 -0.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 19.4 60 5 3.8 -0.4
SILJ ETFMG Prime Junior Silver Miners ETF 17.7 69 -4 3.0 -1.3
AGMI Themes Silver Miners ETF 14.3 35 30 6.5 +2.3
SLVP iShares MSCI Global Silver Miners ETF 13.2 39 26 8.3 +4.1
SIL Global X Silver Miners ETF 11.9 65 0 3.7 -0.5
GDX VanEck Gold Miners ETF 10.7 51 14 4.4 +0.2
XME SPDR S&P Metals & Mining ETF 8.3 35 30 8.5 +4.3
CGV Conductor Global Equity Value ETF 5.5 130 -65 8.6 +4.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 5.1 60 5 6.7 +2.5
AVDV Avantis International Small Cap Value ETF 4.8 36 29 10.2 +5.9
IDX VanEck Indonesia Index ETF 3.9 57 8 9.6 +5.3
AVDS Avantis International Small Cap Equity ETF 3.4 30 35 7.6 +3.3
CCNR ALPS CoreCommodity Natural Resources ETF 3.4 39 26 11.6 +7.4
FTRI First Trust Indxx Global Natural Resources Income ETF 2.9 70 -5 8.2 +3.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.8 80 -15 11.2 +7.0
GWX SPDR S&P International Small Cap ETF 2.7 40 25 6.3 +2.0
ARGT Global X MSCI Argentina ETF 2.6 59 6 4.3 +0.1
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 -20 2.2 -2.0
NANR SPDR S&P North American Natural Resources ETF 2.4 35 30 8.4 +4.2
AFK VanEck Africa Index ETF 2.2 98 -33 11.9 +7.6
EIDO iShares MSCI Indonesia ETF 2.1 59 6 9.9 +5.7
DFIS Dimensional International Small Cap ETF 2.1 39 26 7.4 +3.2
OAIM OneAscent International Equity ETF 2.0 95 -30 5.6 +1.4
SCHC Schwab International Small-Cap Equity ETF 1.8 11 54 6.8 +2.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.8 8 57 6.8 +2.6
ION ProShares S&P Global Core Battery Metals ETF 1.6 58 7 11.6 +7.4
NIKL Sprott Nickel Miners ETF 1.6 75 -10 11.0 +6.7
DISV Dimensional International Small Cap Value ETF 1.5 42 23 9.6 +5.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 16 7.0 +2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 26 8.2 +4.0
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -6 0.5 -3.7
COPY Tweedy, Browne Insider + Value ETF 1.1 80 -15 11.8 +7.6
LST Leuthold Select Industries ETF 1.1 91 -26 5.5 +1.2
COLO Global X MSCI Colombia ETF 1.0 62 3 18.3 +14.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -15 14.4 +10.1
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 42 8.4 +4.1
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 6 12.0 +7.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -15 10.0 +5.8
COPA Themes Copper Miners ETF 0.9 35 30 6.5 +2.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 26 5.9 +1.6
DXIV Dimensional International Vector Equity ETF 0.8 34 31 8.0 +3.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 36 8.8 +4.6
IWN iShares Russell 2000 Value ETF 0.8 24 41 7.9 +3.7
VTWV Vanguard Russell 2000 Value ETF 0.8 10 55 8.0 +3.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.8 40 25 7.0 +2.8
VAW Vanguard Materials ETF 0.7 9 56 6.3 +2.0
GMET VanEck Green Metals ETF 0.7 63 2 9.6 +5.3
EWC iShares MSCI Canada ETF 0.7 50 15 6.4 +2.1
AVDE Avantis International Equity ETF 0.6 23 42 7.6 +3.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -5 5.3 +1.1
FTWO Strive FAANG 2.0 ETF 0.6 49 16 4.6 +0.3
TUR iShares MSCI Turkey ETF 0.6 58 7 20.9 +16.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -25 7.7 +3.5
DFIC Dimensional International Core Equity 2 ETF 0.6 23 42 7.6 +3.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 6 7.2 +2.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 4 6.5 +2.2
FMAT Fidelity MSCI Materials Index ETF 0.5 8 57 6.3 +2.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -7 -0.8 -5.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 35 8.1 +3.9
AVSD Avantis Responsible International Equity ETF 0.5 23 42 5.7 +1.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -15 4.9 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -14 8.8 +4.6
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 41 6.4 +2.2
ISMD Inspire Small/Mid Cap ETF 0.4 54 11 6.1 +1.9
STXK Strive Small-Cap ETF 0.4 18 47 6.3 +2.1
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 7 8.5 +4.2
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 7.3 +3.1
RSSL Global X Russell 2000 ETF 0.4 8 57 4.6 +0.4
IGE iShares North American Natural Resources ETF 0.4 41 24 8.0 +3.8
IWM iShares Russell 2000 ETF 0.4 19 46 4.7 +0.4
VTWO Vanguard Russell 2000 ETF 0.4 7 58 4.7 +0.4
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 37 9.7 +5.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 20 4.5 +0.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 26 6.7 +2.5
AVIV Avantis International Large Cap Value ETF 0.4 25 40 9.0 +4.7
VFVA Vanguard U.S. Value Factor ETF 0.4 13 52 11.3 +7.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -5 7.8 +3.5
FESM Fidelity Enhanced Small Cap ETF 0.3 28 37 7.9 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 61 7.2 +2.9
GVLU Gotham 1000 Value ETF 0.3 50 15 9.0 +4.7
DFAI Dimensional International Core Equity Market ETF 0.3 18 47 7.3 +3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 61 6.3 +2.0
IPAC iShares Core MSCI Pacific ETF 0.3 9 56 6.7 +2.5
VIDI Vident International Equity Strategy ETF 0.3 61 4 11.4 +7.2
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 59 9.5 +5.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.4 +1.1
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.3 +5.0
VPL Vanguard FTSE Pacific ETF 0.3 7 58 7.2 +2.9
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 8.0 +3.8
SCHA Schwab U.S. Small-Cap ETF 0.3 4 61 6.3 +2.1
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 40 7.3 +3.0
VSGX Vanguard ESG International Stock ETF 0.2 10 55 7.9 +3.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 0 8.2 +3.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 56 4.6 +0.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 62 7.3 +3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 26 14.0 +9.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 1 2.4 -1.9
DFAS Dimensional U.S. Small Cap ETF 0.2 26 39 6.7 +2.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 23 9.9 +5.7
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 27 9.5 +5.3
VXUS Vanguard Total International Stock ETF 0.2 5 60 8.0 +3.8
DFSV Dimensional US Small Cap Value ETF 0.2 31 34 10.6 +6.3
ISCB iShares Morningstar Small-Cap ETF 0.2 4 61 6.3 +2.0
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 40 5.4 +1.1
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 23 7.2 +2.9
EES WisdomTree U.S. SmallCap Fund 0.2 38 27 9.2 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.9 +1.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 8.1 +3.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 6.0 +1.8
INTF iShares International Equity Factor ETF 0.2 15 50 7.9 +3.6
QINT American Century Quality Diversified International ETF 0.2 39 26 7.4 +3.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 8.7 +4.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.8 +2.5
VB Vanguard Small-Cap ETF 0.1 5 60 6.3 +2.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 9.5 +5.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 7 8.1 +3.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 7 9.8 +5.5
VXF Vanguard Extended Market ETF 0.1 5 60 4.9 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 3.2 -1.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 7.7 +3.4
IEFA iShares Core MSCI EAFE ETF 0.1 7 58 7.2 +2.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 62 7.2 +3.0
DIHP Dimensional International High Profitability ETF 0.1 29 36 7.2 +2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 9.5 +5.2
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 6.1 +1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.3 +2.0
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -60 5.3 +1.0
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.0 +2.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 13.4 +9.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 26 6.2 +1.9
VT Vanguard Total World Stock ETF 0.1 6 59 6.0 +1.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.6 +6.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 6.0 +1.8
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.9 +0.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 3.0 -1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 53 6.1 +1.9
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.4 +2.2
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.8 +2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 5.8 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 10.5 +6.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 9.5 +5.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.9 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.7 +3.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 9.2 +5.0
DFUV Dimensional US Marketwide Value ETF 0.0 22 43 7.7 +3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 50 6.4 +2.1
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 0 4.3 0.0
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 8.8 +4.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.7 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 10.6 +6.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 25 7.6 +3.4
DWM WisdomTree International Equity Fund 0.0 48 17 7.5 +3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 6 11.8 +7.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 50 8.2 +3.9
IQLT iShares MSCI Intl Quality Factor ETF 0.0 30 35 6.2 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 50 10.4 +6.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.5 +1.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.5 +1.2
TOK iShares MSCI Kokusai ETF 0.0 26 39 5.2 +0.9
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 11.2 +6.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.3 +1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.9 +4.7
URTH iShares MSCI World ETF 0.0 24 41 5.3 +1.0
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.9 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 9.5 +5.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 9.3 +5.1
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.7 +1.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.8 +0.6
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.3 +3.1
IWV iShares Russell 3000 ETF 0.0 20 45 4.9 +0.6
VTHR Vanguard Russell 3000 ETF 0.0 7 58 5.0 +0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.9 +4.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.2 +0.9
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.6 +5.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 5.1 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 5.0 +0.8
VTI Vanguard Total Stock Market ETF 0.0 3 62 5.0 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.9 +1.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.3 +3.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.4 +2.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.9 -0.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 10.5 +6.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 54 10.2 +5.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 29 9.9 +5.7
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.4 +3.2
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.3 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 61 8.2 +4.0
EBI Longview Advantage ETF 0.0 35 30 6.7 +2.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 6.1 +1.8
DFIV Dimensional International Value ETF 0.0 27 38 10.1 +5.9
AVES Avantis Emerging Markets Value ETF 0.0 36 29 11.6 +7.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.7 +3.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 9.9 +5.6

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:

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 9.9 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.57
 
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.