Global X Gold Explorers ETF
ALTAR
Score™		 2.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 4.4x
P/BV
ratio		 3.4x Div.
yield		 0.2%


  • 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) $107
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 52
Wgt avg mkt cap (mns) $6,562
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 5.0 %
COEUR D'ALENE MINES CORP 4.3 %
DPM METALS INC 4.2 %
ALAMOS GOLD INC. 3.8 %
EQUINOX GOLD CORP. 3.7 %
OCEANAGOLD CORP 3.6 %
ELDORADO GOLD CORP 3.6 %
LUNDIN GOLD INC. 3.4 %
SSR MINING INC 3.3 %
PERSEUS MINING LTD 2.9 %
Total 37.8 %

TOP COUNTRY EXPOSURE
CANADA 56.2 %
AUSTRALIA 23.2 %
UNITED STATES 11.0 %
INDONESIA 3.6 %
SOUTH AFRICA 2.1 %
BRITAIN 1.4 %
CHINA 0.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 85.3% 19.9% 15.7% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 12%
MSCI EAFE 1.59 24%
MSCI Emg. Mkts. 1.24 25%

Technical Indicators
Recent close $70.42
30d moving avg. $81.69
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.7%
Bid/Ask (% of price) 0.90%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 331 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™: 2.5%


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
(%)
GDXJ VanEck Junior Gold Miners ETF 34.0 52 13 3.2 +0.8
SGDM Sprott Gold Miners ETF 24.2 50 15 3.1 +0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 21.9 60 5 2.4 -0.0
RING iShares MSCI Global Gold Miners ETF 20.9 39 26 3.8 +1.3
SLVP iShares MSCI Global Silver Miners ETF 17.2 39 26 4.5 +2.0
SGDJ Sprott Junior Gold Miners ETF 16.5 50 15 2.4 -0.0
SILJ ETFMG Prime Junior Silver Miners ETF 15.8 69 -4 0.5 -1.9
AUAU Global X Gold Miners ETF 15.0 35 30 2.8 +0.3
SIL Global X Silver Miners ETF 14.5 65 0 1.9 -0.5
GDX VanEck Gold Miners ETF 14.0 51 14 3.2 +0.7
AGMI Themes Silver Miners ETF 10.1 35 30 4.3 +1.8
JIVE JPMorgan International Value ETF 8.5 55 10 8.4 +5.9
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 8.3 60 5 4.1 +1.6
HYP Golden Eagle Dynamic Hypergrowth ETF 7.7 85 -20 -0.8 -3.2
CGV Conductor Global Equity Value ETF 7.6 130 -65 7.7 +5.2
XME State Street SPDR S&P Metals & Mining ETF 5.9 35 30 5.0 +2.6
AVDV Avantis International Small Cap Value ETF 5.2 36 29 7.7 +5.3
PSCM Invesco S&P SmallCap Materials ETF 5.0 29 36 9.6 +7.1
ARGT Global X MSCI Argentina ETF 4.5 59 6 3.3 +0.8
AVDS Avantis International Small Cap Equity ETF 4.2 30 35 6.0 +3.6
NANR SPDR S&P North American Natural Resources ETF 4.1 35 30 6.4 +4.0
FTRI First Trust Indxx Global Natural Resources Income ETF 3.9 70 -5 6.7 +4.3
CCNR ALPS CoreCommodity Natural Resources ETF 3.9 39 26 8.1 +5.7
IDX VanEck Indonesia Index ETF 3.6 57 8 11.0 +8.6
AFK VanEck Africa Index ETF 3.5 98 -33 11.2 +8.8
RVER Trenchless Fund ETF 3.4 65 0 0.6 -1.9
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 3.1 79 -14 4.1 +1.6
AZTD Aztlan Global Stock Selection DM SMID ETF 3.0 75 -10 4.1 +1.7
EIDO iShares MSCI Indonesia ETF 2.8 59 6 12.0 +9.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.6 8 57 6.3 +3.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.4 80 -15 3.6 +1.1
DFIS Dimensional International Small Cap ETF 2.4 39 26 6.1 +3.7
VIDI Vident International Equity Strategy ETF 2.2 61 4 8.1 +5.6
GWX SPDR S&P International Small Cap ETF 2.0 40 25 5.9 +3.5
SCHC Schwab International Small-Cap Equity ETF 2.0 11 54 6.7 +4.2
FMAT Fidelity MSCI Materials Index ETF 1.9 8 57 5.1 +2.6
COLO Global X MSCI Colombia ETF 1.9 62 3 16.2 +13.8
VFLO VictoryShares Free Cash Flow ETF 1.8 39 26 7.2 +4.7
IVAL Alpha Architect International Quantitative Value ETF 1.8 49 16 7.7 +5.3
VAW Vanguard Materials ETF 1.7 9 56 5.1 +2.6
AKAF The Frontier Economic Fund 1.7 20 45 5.2 +2.7
ARB AltShares Merger Arbitrage ETF 1.7 77 -12 2.6 +0.2
DBSC Deepwater Beachfront Small Cap ETF 1.7 85 -20 1.1 -1.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.6 39 26 1.1 -1.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.6 30 35 3.7 +1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 1.6 30 35 2.6 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 16 6.1 +3.7
ISCF iShares International SmallCap Equity Factor ETF 1.5 23 42 7.3 +4.8
SMRI Bushido Capital US Equity ETF 1.5 71 -6 7.4 +4.9
PSC Principal U.S. Small-Cap ETF 1.4 38 27 3.7 +1.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.4 90 -25 3.7 +1.3
OAIM OneAscent International Equity ETF 1.4 95 -30 4.7 +2.2
EPU iShares MSCI Peru and Global Exposure ETF 1.4 59 6 4.8 +2.4
ABLD Abacus FCF Real Assets Leaders ETF 1.4 69 -4 6.7 +4.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.4 39 26 7.0 +4.6
AVDE Avantis International Equity ETF 1.2 23 42 6.2 +3.8
DXIV Dimensional International Vector Equity ETF 1.2 34 31 6.6 +4.1
FESM Fidelity Enhanced Small Cap ETF 1.2 28 37 2.3 -0.2
SCZ iShares MSCI EAFE Small-Cap ETF 1.2 40 25 6.1 +3.7
ASCE Allspring SMID Core ETF 1.2 38 27 2.9 +0.5
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 6 7.4 +4.9
FLCA Franklin FTSE Canada ETF 1.1 9 56 5.5 +3.0
GVLU Gotham 1000 Value ETF 1.1 50 15 8.3 +5.8
DISV Dimensional International Small Cap Value ETF 1.1 42 23 8.1 +5.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -15 9.0 +6.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 26 6.8 +4.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 50 5.1 +2.6
WSML iShares MSCI World Small-Cap ETF 1.0 15 50 5.4 +2.9
LST Leuthold Select Industries ETF 1.0 91 -26 4.7 +2.3
VTWV Vanguard Russell 2000 Value ETF 1.0 10 55 5.0 +2.5
IWN iShares Russell 2000 Value ETF 1.0 24 41 4.8 +2.3
AVIV Avantis International Large Cap Value ETF 0.9 25 40 7.0 +4.5
EWC iShares MSCI Canada ETF 0.9 50 15 5.1 +2.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -15 6.7 +4.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 3.5 +1.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.9 35 30 6.6 +4.1
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 6 10.2 +7.7
RSSL Global X Russell 2000 ETF 0.9 8 57 2.7 +0.2
BRAZ Global X Brazil Active ETF 0.8 75 -10 10.8 +8.4
DFIC Dimensional International Core Equity 2 ETF 0.8 23 42 6.3 +3.8
IWM iShares Russell 2000 ETF 0.8 19 46 2.6 +0.2
COPX Global X Copper Miners ETF 0.8 65 0 4.3 +1.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.8 58 7 7.6 +5.1
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.8 60 5 6.6 +4.2
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 7 5.9 +3.4
NIKL Sprott Nickel Miners ETF 0.8 75 -10 9.1 +6.6
QINT American Century Quality Diversified International ETF 0.8 39 26 6.6 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 41 5.7 +3.2
IGE iShares North American Natural Resources ETF 0.8 41 24 5.7 +3.3
VTWO Vanguard Russell 2000 ETF 0.7 7 58 2.8 +0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.7 29 36 6.4 +4.0
IWO iShares Russell 2000 Growth ETF 0.7 24 41 0.5 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 26 6.2 +3.8
NUSC Nuveen ESG Small-Cap ETF 0.6 31 34 4.9 +2.5
AFSM First Trust Active Factor Small Cap ETF 0.6 75 -10 5.8 +3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 6.4 +4.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 2.3 -0.2
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 52 1.7 -0.8
FTC First Trust Large Cap Growth AlphaDEX Fund 0.6 59 6 1.8 -0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 61 5.6 +3.2
SCHA Schwab U.S. Small-Cap ETF 0.6 4 61 4.4 +1.9
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 55 0.6 -1.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -14 7.5 +5.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 58 5.3 +2.8
VBK Vanguard Small-Cap Growth ETF 0.6 7 58 1.3 -1.2
STXM Strive Mid-Cap ETF 0.6 18 47 5.8 +3.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.6 10 55 4.1 +1.6
EZM WisdomTree U.S. MidCap Fund 0.6 38 27 8.0 +5.5
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.6 15 50 4.1 +1.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.5 80 -15 6.9 +4.4
FLAU Franklin FTSE Australia ETF 0.5 9 56 6.0 +3.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 48 4.0 +1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -15 9.3 +6.9
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.5 +5.0
FPXI First Trust International Equity Opportunities ETF 0.5 70 -5 3.7 +1.2
AVIE Avantis  Inflation Focused Equity ETF 0.5 25 40 6.0 +3.6
HAP VanEck Natural Resources ETF 0.5 50 15 6.8 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 61 6.0 +3.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -5 2.1 -0.4
AVSD Avantis Responsible International Equity ETF 0.5 23 42 6.0 +3.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 1 1.3 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 4.0 +1.6
SETM Sprott Energy Transition Materials ETF 0.4 65 0 1.7 -0.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -3.4
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 59 7.8 +5.3
GMET VanEck Green Metals ETF 0.4 63 2 0.5 -1.9
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 6.0 +3.5
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 0 7.0 +4.5
IQDF FlexShares International Quality Dividend Index Fund 0.4 47 18 7.6 +5.1
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 5.5 +3.1
VSGX Vanguard ESG International Stock ETF 0.4 10 55 6.6 +4.1
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.4 +3.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.1 +3.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 59 2.7 +0.3
EWZ iShares MSCI Brazil ETF 0.4 58 7 11.2 +8.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -7 2.2 -0.3
BFOR ALPS Barron's 400 ETF 0.4 65 0 5.0 +2.5
SMOX Horizon Small/Mid Cap Core Equity ETF 0.4 75 -10 5.3 +2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 5 5.9 +3.4
SMMD iShares Russell 2500 ETF 0.3 15 50 5.5 +3.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 19 7.8 +5.3
FDEV Fidelity International Multifactor ETF 0.3 18 47 7.3 +4.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 40 6.2 +3.8
VXF Vanguard Extended Market ETF 0.3 5 60 3.7 +1.3
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 6.7 +4.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 6.6 +4.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 50 4.9 +2.5
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 61 5.8 +3.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.3 +2.9
VPL Vanguard FTSE Pacific ETF 0.3 7 58 5.3 +2.8
VXUS Vanguard Total International Stock ETF 0.3 5 60 6.7 +4.2
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 53 5.9 +3.5
FDMO Fidelity Momentum Factor ETF 0.3 15 50 2.5 0.0
DFAS Dimensional U.S. Small Cap ETF 0.3 26 39 5.6 +3.1
DIHP Dimensional International High Profitability ETF 0.3 29 36 5.8 +3.3
MDY SPDR S&P Midcap 400 ETF Trust 0.3 23 42 5.9 +3.4
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -5 2.2 -0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 23 7.6 +5.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.3 45 20 9.7 +7.2
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 62 6.1 +3.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 7 58 6.0 +3.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 5.9 +3.4
IJH iShares Core S&P Mid-Cap ETF 0.3 5 60 6.1 +3.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 13 4.9 +2.5
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 33 6.6 +4.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 6 4.9 +2.5
VB Vanguard Small-Cap ETF 0.2 5 60 5.2 +2.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 41 5.9 +3.5
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 46 5.4 +2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 4.1 +1.6
INTF iShares International Equity Factor ETF 0.2 15 50 6.5 +4.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 47 6.0 +3.6
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 50 6.5 +4.0
ULVM VictoryShares US Value Momentum ETF 0.2 20 45 6.1 +3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 7 8.4 +6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 53 4.4 +2.0
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 13 6.6 +4.2
PIEL Pacer International Export Leaders ETF 0.2 60 5 4.1 +1.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 50 5.4 +3.0
ISMD Inspire Small/Mid Cap ETF 0.2 54 11 5.0 +2.6
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 23 5.4 +3.0
FIDI Fidelity International High Dividend ETF 0.2 18 47 7.3 +4.8
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 56 5.5 +3.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 4.9 +2.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 5 6.2 +3.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.1 +3.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 6.1 +3.7
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 27 8.2 +5.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 56 5.2 +2.7
DWM WisdomTree International Equity Fund 0.2 48 17 5.7 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 2 10.3 +7.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 26 8.0 +5.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 4.9 +2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 40 5.5 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 6.1 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 25 5.7 +3.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 25 3.7 +1.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 10.4 +7.9
GLOF iShares Global Equity Factor ETF 0.2 20 45 5.6 +3.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 18 7.7 +5.3
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 5.5 +3.1
DIM WisdomTree International MidCap Dividend Fund 0.1 58 7 6.4 +3.9
VT Vanguard Total World Stock ETF 0.1 6 59 5.0 +2.6
USMF WisdomTree U.S. Multifactor Fund 0.1 28 37 6.5 +4.1
COPA Themes Copper Miners ETF 0.1 35 30 3.1 +0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -5 6.5 +4.0
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 7.5 +5.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 61 5.2 +2.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 6.9 +4.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 30 5.3 +2.9
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 25 5.3 +2.8
PTL Inspire 500 ETF 0.1 9 56 4.4 +2.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.1 25 40 7.7 +5.3
TPIF Timothy Plan International ETF 0.1 62 3 5.6 +3.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 33 3.9 +1.5
DXUV Dimensional US Vector Equity ETF 0.1 28 37 5.2 +2.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 35 4.7 +2.3
CIL VictoryShares International Volatility Wtd ETF 0.1 45 20 5.8 +3.4
WSGE Warren Street Global Equity ETF 0.1 80 -15 2.9 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 6.7 +4.3
SCHF Schwab International Equity ETF 0.1 6 59 6.0 +3.5
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 50 4.4 +2.0
STXK Strive Small-Cap ETF 0.1 18 47 5.2 +2.8
BKIE BNY Mellon International Equity ETF 0.1 4 61 6.0 +3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 7.4 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.4 +3.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 6.5 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 5.7 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 6.4 +3.9
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 6.1 +3.6
PEXL Pacer US Export Leaders ETF 0.1 60 5 3.0 +0.6
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 5.3 +2.9
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 8.2 +5.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 7.4 +5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 4.7 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 6.6 +4.1
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 42 5.4 +2.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 4.7 +2.2
VLUE iShares MSCI USA Value Factor ETF 0.1 15 50 6.2 +3.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 7.9 +5.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.6 +5.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 8.0 +5.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 7.0 +4.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 45 5.7 +3.2
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.6 +4.1
DFIV Dimensional International Value ETF 0.1 27 38 7.8 +5.4
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 3.4 +0.9
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 55 3.8 +1.3
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 47 0.0 -2.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 4.6 +2.1
AVUS Avantis U.S. Equity ETF 0.1 15 50 4.7 +2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 7.5 +5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 24 6.0 +3.6
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -25 3.1 +0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 7.0 +4.6
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.6 +6.2
TOK iShares MSCI Kokusai ETF 0.1 26 39 4.3 +1.8
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 4.6 +2.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 30 6.4 +3.9
BKF iShares MSCI BIC ETF 0.1 69 -4 14.9 +12.4
VEGN US Vegan Climate ETF 0.1 60 5 3.3 +0.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 8.8 +6.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 23 4.0 +1.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 23 5.8 +3.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 40 4.9 +2.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 56 4.4 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.6 +6.1
AVES Avantis Emerging Markets Value ETF 0.1 36 29 8.9 +6.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.1 +1.7
URTH iShares MSCI World ETF 0.0 24 41 4.3 +1.9
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.6 +2.2
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 58 9.2 +6.7
IVLU iShares MSCI Intl Value Factor ETF 0.0 30 35 8.1 +5.6
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 30 7.0 +4.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 24 4.8 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 56 8.2 +5.7
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.1 +1.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 22 9.4 +7.0
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.0 15 50 5.0 +2.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.2 +2.8
SCHK Schwab 1000 Index ETF 0.0 5 60 4.2 +1.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 54 4.1 +1.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 2.9 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 7 5.4 +2.9
IWV iShares Russell 3000 ETF 0.0 20 45 4.0 +1.5
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.1 +1.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.2 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.1 +1.7
VEXC Vanguard Emerging Markets Ex-China ETF 0.0 7 58 5.7 +3.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.1 +2.6
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 9.5 +7.0
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.6 +4.1
IEUR iShares Core MSCI Europe ETF 0.0 11 54 6.4 +3.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 12 5.1 +2.6
IGRO iShares International Dividend Growth ETF 0.0 15 50 6.8 +4.3
STXG Strive 1000 Growth ETF 0.0 18 47 3.2 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 12.9 +10.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.3 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 56 4.3 +1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 5.6 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 50 8.8 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 20 8.1 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 32 6.8 +4.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.5 +4.1
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.7 +4.3
SPEU SPDR Portfolio Europe ETF 0.0 7 58 6.5 +4.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 8.0 +5.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.8 +5.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -4 7.4 +5.0
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 61 3.1 +0.6
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.1 +1.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.5 +5.1
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 9.5 +7.1
LRGF iShares U.S. Equity Factor ETF 0.0 8 57 4.6 +2.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 36 4.5 +2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.2 +4.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 7.1 +4.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 15 8.1 +5.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 6.8 +4.3
EBI Longview Advantage ETF 0.0 35 30 5.9 +3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.9 +4.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 8.6 +6.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 4.3 +1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 6.9 +4.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.1 +3.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 5.7 +3.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 59 6.0 +3.6
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 8.8 +6.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 3.6 +1.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 53 6.2 +3.7
AVUQ Avantis U.S. Quality ETF 0.0 15 50 3.6 +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:		 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 9.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.