Global X Gold Explorers ETF
ALTAR
Score™		 2.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 23.7x P/Sales
ratio		 5.0x
P/BV
ratio		 3.8x 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) $122
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 5.2 %
LUNDIN GOLD INC. 4.4 %
EQUINOX GOLD CORP. 4.3 %
ALAMOS GOLD INC. 4.1 %
ELDORADO GOLD CORP 3.9 %
BUMI RESOURCES MINERALS TBK 3.8 %
OCEANAGOLD CORP 3.6 %
DUNDEE PRECIOUS METALS INC 3.6 %
NEW GOLD INC 3.6 %
PERSEUS MINING LTD 3.2 %
Total 39.6 %

TOP COUNTRY EXPOSURE
CANADA 57.5 %
AUSTRALIA 21.3 %
UNITED STATES 8.6 %
INDONESIA 5.6 %
SOUTH AFRICA 2.2 %
BRITAIN 2.1 %
CHINA 0.8 %




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 $75.94
30d moving avg. $68.71
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.2%
Bid/Ask (% of price) 0.86%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 240 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™: 2.4%


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 43.8 35 30 3.5 +1.1
GDXJ VanEck Junior Gold Miners ETF 30.6 52 13 3.5 +1.1
SGDJ Sprott Junior Gold Miners ETF 24.6 50 15 2.5 +0.1
RING iShares MSCI Global Gold Miners ETF 23.9 39 26 4.0 +1.6
SGDM Sprott Gold Miners ETF 19.2 50 15 2.9 +0.5
SLVP iShares MSCI Global Silver Miners ETF 16.8 39 26 4.7 +2.3
SILJ ETFMG Prime Junior Silver Miners ETF 16.5 69 -4 0.6 -1.8
GDX VanEck Gold Miners ETF 15.7 51 14 3.6 +1.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 15.4 60 5 3.0 +0.6
SIL Global X Silver Miners ETF 10.7 65 0 2.2 -0.2
AVDV Avantis International Small Cap Value ETF 9.4 36 29 8.7 +6.3
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -1.2 -3.5
AGMI Themes Silver Miners ETF 8.6 35 30 4.1 +1.8
XME State Street SPDR S&P Metals & Mining ETF 8.1 35 30 6.9 +4.6
CGV Conductor Global Equity Value ETF 8.1 130 -65 7.7 +5.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.1 60 5 5.4 +3.0
CCNR ALPS CoreCommodity Natural Resources ETF 5.3 39 26 8.3 +6.0
PSCM Invesco S&P SmallCap Materials ETF 5.2 29 36 12.1 +9.8
SGRT SMART Earnings Growth 30 ETF 4.8 59 6 2.4 +0.0
IDX VanEck Indonesia Index ETF 4.8 57 8 7.0 +4.6
AZTD Aztlan Global Stock Selection DM SMID ETF 4.6 75 -10 6.4 +4.0
IMOM Alpha Architect International Quantitative Momentum ETF 4.4 49 16 4.7 +2.3
NANR SPDR S&P North American Natural Resources ETF 4.3 35 30 7.9 +5.5
AVDS Avantis International Small Cap Equity ETF 4.0 30 35 6.7 +4.3
OAIM OneAscent International Equity ETF 3.6 95 -30 5.3 +3.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 4.2 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 3.3 70 -5 7.6 +5.2
FFTY Innovator IBD 50 ETF 3.2 80 -15 -1.9 -4.3
VIDI Vident International Equity Strategy ETF 3.1 61 4 10.3 +8.0
ARGT Global X MSCI Argentina ETF 2.8 59 6 3.4 +1.0
SCHC Schwab International Small-Cap Equity ETF 2.6 11 54 7.3 +4.9
RJMG FT Raymond James Multicap Growth Equity ETF 2.6 85 -20 3.1 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.6 39 26 7.5 +5.2
ICPY Tweedy, Browne International Insider Value ETF 2.4 80 -15 11.5 +9.1
AKAF The Frontier Economic Fund 2.4 20 45 6.3 +3.9
DFIS Dimensional International Small Cap ETF 2.3 39 26 7.0 +4.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.2 8 57 7.1 +4.7
IVAL Alpha Architect International Quantitative Value ETF 2.2 49 16 10.0 +7.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.2 80 -15 8.4 +6.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.1 80 -15 10.6 +8.3
AFK VanEck Africa Index ETF 2.0 98 -33 14.2 +11.8
GPT Intelligent Alpha Atlas ETF 1.8 69 -4 5.7 +3.4
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -15 11.7 +9.3
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 26 5.7 +3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 16 6.8 +4.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 36 7.9 +5.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.7 70 -5 2.2 -0.2
GWX SPDR S&P International Small Cap ETF 1.7 40 25 6.5 +4.1
DISV Dimensional International Small Cap Value ETF 1.7 42 23 8.9 +6.6
VAW Vanguard Materials ETF 1.6 9 56 6.5 +4.1
COPA Themes Copper Miners ETF 1.6 35 30 4.4 +2.0
EIDO iShares MSCI Indonesia ETF 1.5 59 6 7.7 +5.3
FYLD Cambria Foreign Shareholder Yield ETF 1.5 59 6 11.1 +8.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -15 14.0 +11.7
LST Leuthold Select Industries ETF 1.4 91 -26 5.7 +3.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -25 5.1 +2.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -15 11.5 +9.1
AVDE Avantis International Equity ETF 1.2 23 42 7.1 +4.7
COLO Global X MSCI Colombia ETF 1.2 62 3 19.3 +16.9
IJS iShares S&P Small-Cap 600 Value ETF 1.2 18 47 9.7 +7.4
ISCF iShares International SmallCap Equity Factor ETF 1.1 23 42 8.1 +5.7
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.1 15 50 9.7 +7.4
FMAT Fidelity MSCI Materials Index ETF 1.1 8 57 6.5 +4.1
DXIV Dimensional International Vector Equity ETF 1.1 34 31 7.4 +5.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.1 10 55 9.6 +7.3
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 25 6.8 +4.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -7 -1.3 -3.7
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 7 7.3 +4.9
NIKL Sprott Nickel Miners ETF 1.0 75 -10 9.1 +6.7
STXK Strive Small-Cap ETF 1.0 18 47 6.0 +3.6
EWUS iShares MSCI United Kingdom Small Cap ETF 1.0 59 6 7.8 +5.4
IWN iShares Russell 2000 Value ETF 1.0 24 41 6.3 +4.0
VTWV Vanguard Russell 2000 Value ETF 1.0 10 55 6.4 +4.0
ISMD Inspire Small/Mid Cap ETF 0.9 54 11 5.3 +2.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -15 9.4 +7.0
EWC iShares MSCI Canada ETF 0.9 50 15 5.9 +3.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 4.9 +2.6
IWM iShares Russell 2000 ETF 0.8 19 46 3.5 +1.2
IGE iShares North American Natural Resources ETF 0.8 41 24 7.4 +5.0
VTWO Vanguard Russell 2000 ETF 0.8 7 58 3.7 +1.3
IJR iShares Core S&P Small Cap ETF 0.8 6 59 7.5 +5.2
COPX Global X Copper Miners ETF 0.8 65 0 5.6 +3.2
VFVA Vanguard U.S. Value Factor ETF 0.8 13 52 10.5 +8.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 20 1.7 -0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 5 6.9 +4.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -14 7.8 +5.4
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 62 7.6 +5.2
FTWO Strive FAANG 2.0 ETF 0.8 49 16 4.4 +2.0
AVSD Avantis Responsible International Equity ETF 0.8 23 42 5.2 +2.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 58 7.5 +5.1
IWO iShares Russell 2000 Growth ETF 0.7 24 41 0.8 -1.6
RSSL Global X Russell 2000 ETF 0.7 8 57 3.5 +1.2
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 55 0.9 -1.4
DFIC Dimensional International Core Equity 2 ETF 0.7 23 42 7.1 +4.7
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 41 6.2 +3.8
BFOR ALPS Barron's 400 ETF 0.6 65 0 5.9 +3.6
FESM Fidelity Enhanced Small Cap ETF 0.6 28 37 3.2 +0.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.6 79 -14 5.8 +3.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 56 3.9 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 7.5 +5.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 3.0 +0.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 61 5.8 +3.4
SCHA Schwab U.S. Small-Cap ETF 0.6 4 61 5.6 +3.2
ISCV iShares Morningstar Small Cap Value ETF 0.6 6 59 8.4 +6.0
AVIV Avantis International Large Cap Value ETF 0.6 25 40 8.3 +5.9
GMET VanEck Green Metals ETF 0.5 63 2 7.2 +4.8
HAP VanEck Natural Resources ETF 0.5 50 15 8.8 +6.4
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.9 +5.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 1 1.2 -1.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 4.0 +1.7
JIVE JPMorgan International Value ETF 0.5 55 10 10.7 +8.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.5 40 25 4.7 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 61 6.7 +4.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 5 7.0 +4.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 47 5.4 +3.0
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 6.6 +4.2
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -3.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 55 5.5 +3.1
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 50 5.4 +3.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 48 6.0 +3.6
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 40 7.1 +4.7
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 6.0 +3.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 23 9.3 +6.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 26 10.6 +8.2
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.8 +4.4
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.8 +3.4
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 6.1 +3.7
VBK Vanguard Small-Cap Growth ETF 0.4 7 58 1.7 -0.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.5 +5.1
VSGX Vanguard ESG International Stock ETF 0.3 10 55 7.5 +5.1
EES WisdomTree U.S. SmallCap Fund 0.3 38 27 8.6 +6.2
VEA Vanguard FTSE Developed Markets ETF 0.3 3 62 6.8 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.2 +2.8
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 37 9.9 +7.6
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 27 9.1 +6.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 7.6 +5.2
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 52 3.0 +0.6
VPL Vanguard FTSE Pacific ETF 0.3 7 58 6.3 +3.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 9.4 +7.0
VB Vanguard Small-Cap ETF 0.3 5 60 6.1 +3.7
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 7.3 +4.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.7 +3.4
VXF Vanguard Extended Market ETF 0.3 5 60 4.4 +2.1
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.0 +6.6
VXUS Vanguard Total International Stock ETF 0.3 5 60 7.6 +5.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 8.9 +6.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 6.7 +4.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 7 8.0 +5.6
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 61 7.0 +4.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.4 +4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -5 7.5 +5.1
INTF iShares International Equity Factor ETF 0.2 15 50 7.3 +4.9
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 0 8.3 +5.9
QINT American Century Quality Diversified International ETF 0.2 39 26 6.8 +4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.5 +3.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 50 6.0 +3.6
GLOF iShares Global Equity Factor ETF 0.2 20 45 6.6 +4.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 7.9 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 45 5.4 +3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 59 2.9 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.4 +6.0
DIHP Dimensional International High Profitability ETF 0.2 29 36 6.6 +4.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.2 +4.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.7 +4.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 7.8 +5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 5.3 +3.0
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.0 +3.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 5.8 +3.4
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 5.7 +3.3
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.4 +2.0
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.3 +7.9
VT Vanguard Total World Stock ETF 0.1 6 59 5.7 +3.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.4 +5.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 8.7 +6.3
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 11.8 +9.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.5 +3.1
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +4.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.3 +4.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 9.7 +7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 7.6 +5.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 8.6 +6.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.1 +5.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.9 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 7.7 +5.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.3 +7.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 9.8 +7.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.0 +4.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 4.1 +1.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 6.1 +3.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 6.4 +4.0
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 5.3 +3.0
SCHF Schwab International Equity ETF 0.1 6 59 6.8 +4.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.2 +4.8
DWM WisdomTree International Equity Fund 0.1 48 17 6.9 +4.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.3 +2.9
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.5 +8.1
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.7 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 7.5 +5.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.6 +7.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.5 +6.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 6.9 +4.6
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 7.3 +5.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.4 +3.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.4 +5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 8.5 +6.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.8 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 8.5 +6.1
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 +2.4
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 +2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.1 +5.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.9 +2.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.5 +7.1
SCHK Schwab 1000 Index ETF 0.0 5 60 4.9 +2.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.8 +2.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +2.6
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.8 +2.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 4.0 +1.6
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.9 +2.5
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 9.5 +7.2
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.1 +4.7
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 +2.4
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.3 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.6 +7.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.5 +6.1
URTH iShares MSCI World ETF 0.0 24 41 4.9 +2.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.2 +4.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.7 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.5 +7.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.4 +6.0
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 5.0 +2.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 10.6 +8.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.7 +3.4
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.2 +4.8
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +3.9
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.1 +4.7
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 40 10.8 +8.5
DFIV Dimensional International Value ETF 0.0 27 38 8.9 +6.6
EBI Longview Advantage ETF 0.0 35 30 6.7 +4.3
AVES Avantis Emerging Markets Value ETF 0.0 36 29 10.6 +8.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 6.2 +3.8

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 3.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.4 %
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.