Global X Gold Explorers ETF
ALTAR
Score™		 2.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 18.9x P/Sales
ratio		 4.3x
P/BV
ratio		 3.3x 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) $113
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) $6,357
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 5.4 %
LUNDIN GOLD INC. 4.4 %
EQUINOX GOLD CORP. 4.4 %
ALAMOS GOLD INC. 4.0 %
ELDORADO GOLD CORP 3.8 %
OCEANAGOLD CORP 3.8 %
NEW GOLD INC 3.6 %
BUMI RESOURCES MINERALS TBK 3.6 %
DUNDEE PRECIOUS METALS INC 3.4 %
PERSEUS MINING LTD 3.1 %
Total 39.6 %

TOP COUNTRY EXPOSURE
CANADA 57.3 %
AUSTRALIA 23.4 %
UNITED STATES 8.9 %
INDONESIA 5.4 %
SOUTH AFRICA 2.2 %
BRITAIN 2.0 %
CHINA 0.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
125.7% 97.7% 16.7% 19.3% -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.86 10%
MSCI EAFE 0.77 10%
MSCI Emg. Mkts. 0.84 14%

Technical Indicators
Recent close $70.36
30d moving avg. $69.17
Annualized volatility 35.9%
Short interest (ETF) 0.9%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.9%
Bid/Ask (% of price) 0.80%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 239 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™: 2.9%


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 46.9 35 30 3.8 +1.0
GDXJ VanEck Junior Gold Miners ETF 33.0 52 13 3.9 +1.0
SGDJ Sprott Junior Gold Miners ETF 27.5 50 15 3.3 +0.5
RING iShares MSCI Global Gold Miners ETF 22.7 39 26 3.9 +1.0
SGDM Sprott Gold Miners ETF 19.0 50 15 2.9 +0.0
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 17.9 60 5 3.1 +0.3
SILJ ETFMG Prime Junior Silver Miners ETF 16.8 69 -4 1.4 -1.5
SLVP iShares MSCI Global Silver Miners ETF 16.7 39 26 5.3 +2.5
GDX VanEck Gold Miners ETF 15.9 51 14 3.8 +0.9
SIL Global X Silver Miners ETF 10.8 65 0 2.9 -0.0
AVDV Avantis International Small Cap Value ETF 9.5 36 29 9.1 +6.2
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -1.7 -4.5
AGMI Themes Silver Miners ETF 8.5 35 30 4.3 +1.5
XME State Street SPDR S&P Metals & Mining ETF 8.4 35 30 7.2 +4.3
CGV Conductor Global Equity Value ETF 8.1 130 -65 8.1 +5.2
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.1 60 5 5.6 +2.8
PSCM Invesco S&P SmallCap Materials ETF 5.4 29 36 13.4 +10.5
CCNR ALPS CoreCommodity Natural Resources ETF 5.1 39 26 9.3 +6.5
FFTY Innovator IBD 50 ETF 5.1 80 -15 -2.6 -5.5
IDX VanEck Indonesia Index ETF 4.8 57 8 7.2 +4.3
AZTD Aztlan Global Stock Selection DM SMID ETF 4.6 75 -10 10.4 +7.5
IMOM Alpha Architect International Quantitative Momentum ETF 4.3 49 16 4.7 +1.8
SGRT SMART Earnings Growth 30 ETF 4.2 59 6 1.6 -1.3
AVDS Avantis International Small Cap Equity ETF 4.2 30 35 7.1 +4.2
NANR SPDR S&P North American Natural Resources ETF 4.0 35 30 8.0 +5.2
OAIM OneAscent International Equity ETF 3.6 95 -30 5.5 +2.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 4.4 +1.5
FTRI First Trust Indxx Global Natural Resources Income ETF 3.2 70 -5 7.9 +5.0
VIDI Vident International Equity Strategy ETF 3.0 61 4 10.5 +7.6
ARGT Global X MSCI Argentina ETF 2.8 59 6 3.9 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.6 39 26 7.8 +4.9
DFIS Dimensional International Small Cap ETF 2.5 39 26 7.2 +4.3
SCHC Schwab International Small-Cap Equity ETF 2.5 11 54 7.7 +4.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.4 80 -15 11.1 +8.2
RJMG FT Raymond James Multicap Growth Equity ETF 2.2 85 -20 3.1 +0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.2 8 57 7.4 +4.5
IVAL Alpha Architect International Quantitative Value ETF 2.2 49 16 10.6 +7.7
ICPY Tweedy, Browne International Insider Value ETF 2.1 80 -15 0.0 -2.9
AKAF The Frontier Economic Fund 2.1 20 45 6.6 +3.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -15 8.7 +5.8
AFK VanEck Africa Index ETF 1.9 98 -33 14.7 +11.9
DISV Dimensional International Small Cap Value ETF 1.8 42 23 9.1 +6.2
GWX SPDR S&P International Small Cap ETF 1.8 40 25 6.9 +4.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 26 5.9 +3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 16 7.0 +4.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 36 8.6 +5.7
GPT Intelligent Alpha Atlas ETF 1.7 69 -4 5.8 +2.9
EIDO iShares MSCI Indonesia ETF 1.6 59 6 7.7 +4.8
COPA Themes Copper Miners ETF 1.6 35 30 4.6 +1.7
COPY Tweedy, Browne Insider + Value ETF 1.6 80 -15 12.1 +9.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.5 70 -5 2.3 -0.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -15 14.2 +11.3
FYLD Cambria Foreign Shareholder Yield ETF 1.4 59 6 11.4 +8.5
VAW Vanguard Materials ETF 1.4 9 56 6.6 +3.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -25 4.9 +2.0
LST Leuthold Select Industries ETF 1.3 91 -26 5.4 +2.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -15 11.5 +8.6
AVDE Avantis International Equity ETF 1.2 23 42 7.2 +4.3
FMAT Fidelity MSCI Materials Index ETF 1.1 8 57 6.6 +3.7
COLO Global X MSCI Colombia ETF 1.1 62 3 20.1 +17.2
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 25 7.0 +4.2
DXIV Dimensional International Vector Equity ETF 1.1 34 31 7.7 +4.8
IJS iShares S&P Small-Cap 600 Value ETF 1.1 18 47 10.3 +7.4
ISCF iShares International SmallCap Equity Factor ETF 1.0 23 42 8.3 +5.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -7 -1.3 -4.1
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 7 7.1 +4.2
NIKL Sprott Nickel Miners ETF 1.0 75 -10 9.7 +6.8
EWUS iShares MSCI United Kingdom Small Cap ETF 1.0 59 6 7.8 +5.0
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 50 10.3 +7.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 55 10.3 +7.4
ISMD Inspire Small/Mid Cap ETF 0.9 54 11 5.9 +3.0
STXK Strive Small-Cap ETF 0.9 18 47 6.3 +3.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 6.1 +3.2
IWN iShares Russell 2000 Value ETF 0.9 24 41 8.1 +5.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -15 9.5 +6.7
EWC iShares MSCI Canada ETF 0.9 50 15 6.0 +3.2
VTWV Vanguard Russell 2000 Value ETF 0.8 10 55 8.1 +5.3
FCA First Trust China AlphaDEX Fund 0.8 80 -15 8.9 +6.0
COPX Global X Copper Miners ETF 0.8 65 0 5.8 +2.9
VFVA Vanguard U.S. Value Factor ETF 0.8 13 52 11.2 +8.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 20 1.4 -1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -14 7.9 +5.1
IWM iShares Russell 2000 ETF 0.8 19 46 4.4 +1.5
RSSL Global X Russell 2000 ETF 0.8 8 57 4.3 +1.5
AVSD Avantis Responsible International Equity ETF 0.8 23 42 5.2 +2.3
IGE iShares North American Natural Resources ETF 0.7 41 24 7.5 +4.6
IJR iShares Core S&P Small Cap ETF 0.7 6 59 8.0 +5.2
VTWO Vanguard Russell 2000 ETF 0.7 7 58 4.5 +1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 5 7.3 +4.4
DFIC Dimensional International Core Equity 2 ETF 0.7 23 42 7.3 +4.4
FTWO Strive FAANG 2.0 ETF 0.7 49 16 4.4 +1.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 62 8.1 +5.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 58 8.0 +5.1
IWO iShares Russell 2000 Growth ETF 0.6 24 41 0.9 -2.0
FESM Fidelity Enhanced Small Cap ETF 0.6 28 37 7.2 +4.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 56 4.2 +1.3
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 41 6.3 +3.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 7.6 +4.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 4.5 +1.6
ECNS iShares MSCI China Small-Cap ETF 0.6 59 6 9.2 +6.3
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 55 1.0 -1.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 61 6.1 +3.2
GMET VanEck Green Metals ETF 0.6 63 2 7.6 +4.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.6 79 -14 6.4 +3.5
BFOR ALPS Barron's 400 ETF 0.6 65 0 6.2 +3.3
AVIV Avantis International Large Cap Value ETF 0.6 25 40 8.4 +5.5
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 8.3 +5.4
SCHA Schwab U.S. Small-Cap ETF 0.5 4 61 6.6 +3.7
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 4.3 +1.5
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 59 9.7 +6.8
HAP VanEck Natural Resources ETF 0.5 50 15 9.0 +6.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 26 11.1 +8.3
JIVE JPMorgan International Value ETF 0.5 55 10 11.0 +8.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 -5 7.5 +4.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.5 40 25 5.0 +2.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 1 1.2 -1.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -1.0 -3.8
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 61 6.9 +4.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 47 5.8 +2.9
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 6.3 +3.4
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 40 7.2 +4.3
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 7.0 +4.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 5 7.4 +4.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 23 9.7 +6.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 50 5.8 +3.0
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 6.0 +3.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 55 5.9 +3.0
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.9 +4.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.6 +2.7
EES WisdomTree U.S. SmallCap Fund 0.3 38 27 9.2 +6.3
VPL Vanguard FTSE Pacific ETF 0.3 7 58 6.5 +3.6
VSGX Vanguard ESG International Stock ETF 0.3 10 55 7.6 +4.8
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 27 9.8 +6.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 48 6.2 +3.3
ISCB iShares Morningstar Small-Cap ETF 0.3 4 61 6.5 +3.6
VEA Vanguard FTSE Developed Markets ETF 0.3 3 62 7.0 +4.1
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 52 3.2 +0.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.6 +4.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 9.5 +6.7
VBK Vanguard Small-Cap Growth ETF 0.3 7 58 1.9 -1.0
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 37 10.5 +7.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 9.3 +6.4
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 7.5 +4.7
VB Vanguard Small-Cap ETF 0.3 5 60 6.4 +3.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 9.7 +6.8
VXUS Vanguard Total International Stock ETF 0.3 5 60 7.7 +4.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 7 8.4 +5.5
VXF Vanguard Extended Market ETF 0.2 5 60 4.9 +2.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 62 6.8 +3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.5 +3.6
VBR Vanguard Small Cap Value ETF 0.2 7 58 9.5 +6.6
INTF iShares International Equity Factor ETF 0.2 15 50 7.5 +4.6
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 61 7.3 +4.5
QINT American Century Quality Diversified International ETF 0.2 39 26 6.9 +4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.6 +2.8
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 0 8.6 +5.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 8.1 +5.2
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.4 +5.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 45 5.9 +3.0
GLOF iShares Global Equity Factor ETF 0.2 20 45 6.8 +3.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 53 6.0 +3.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 50 6.2 +3.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.9 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.2 +4.4
DIHP Dimensional International High Profitability ETF 0.2 29 36 6.8 +3.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 59 3.1 +0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.0 +3.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 7.9 +5.0
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.3 +3.5
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 5.4 +2.5
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.5 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 8.6 +5.7
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.9 +8.0
VT Vanguard Total World Stock ETF 0.1 6 59 5.8 +3.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 11.9 +9.0
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 8.6 +5.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.6 +4.8
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.9 +4.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.7 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 9.8 +6.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 10.5 +7.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 7.6 +4.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.2 +5.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.1 +7.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 5.6 +2.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.2 +4.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.4 +4.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 7.8 +4.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 6.4 +3.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 6.3 +3.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.2 +4.4
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 4.3 +1.4
DWM WisdomTree International Equity Fund 0.1 48 17 7.2 +4.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.4 +7.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 5.5 +2.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 24 8.2 +5.3
SCHF Schwab International Equity ETF 0.1 6 59 7.0 +4.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.5 +2.6
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 7.4 +4.5
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.9 +3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 7.5 +4.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.6 +6.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.6 +5.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.7 +2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 8.4 +5.5
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.5 +4.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.4 +6.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.9 +2.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.8 +2.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 5.1 +2.2
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.9 +2.1
SCHK Schwab 1000 Index ETF 0.0 5 60 5.1 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 5.0 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.4 +5.5
TOK iShares MSCI Kokusai ETF 0.0 26 39 5.1 +2.2
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.1 +2.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 4.1 +1.2
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.2 +4.3
VTI Vanguard Total Stock Market ETF 0.0 3 62 5.0 +2.1
URTH iShares MSCI World ETF 0.0 24 41 5.1 +2.2
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.2 +2.3
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 +2.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.5 +4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.8 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.4 +6.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.6 +5.7
GXC SPDR S & P China ETF 0.0 59 6 15.7 +12.8
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 10.5 +7.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 5.2 +2.3
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.4 +4.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.4 +3.6
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 40 10.7 +7.9
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.3 +4.4
DFIV Dimensional International Value ETF 0.0 27 38 9.1 +6.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.9 +3.0
EBI Longview Advantage ETF 0.0 35 30 6.8 +4.0
AVES Avantis Emerging Markets Value ETF 0.0 36 29 10.8 +7.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 6.1 +3.2

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 9.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.9 %
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.