Global X Gold Explorers ETF
ALTAR
Score™		 2.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.4x P/Sales
ratio		 3.9x
P/BV
ratio		 3.0x Div.
yield		 0.0%


  • 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) $94
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 50
Wgt avg mkt cap (mns) $3,275
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 6.6 %
EQUINOX GOLD CORP. 5.1 %
LUNDIN GOLD INC. 5.0 %
HECLA MINING CO 4.4 %
ELDORADO GOLD CORP 3.9 %
NEW GOLD INC 3.9 %
OCEANAGOLD CORP 3.7 %
SSR MINING INC 3.3 %
ALAMOS GOLD INC. 3.2 %
RAMELIUS RESOURCES LTD 3.1 %
Total 42.2 %

TOP COUNTRY EXPOSURE
CANADA 55.8 %
AUSTRALIA 23.8 %
UNITED STATES 11.4 %
INDONESIA 4.8 %
SOUTH AFRICA 1.9 %
BRITAIN 1.7 %
TURKEY 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
86.3% 79.1% 9.4% 18.6% -1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.61 7%
MSCI EAFE 0.74 12%
MSCI Emg. Mkts. 1.00 25%

Technical Indicators
Recent close $60.65
30d moving avg. $52.59
Annualized volatility 33.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.4%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 205 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 47.5 35 30 4.2 +1.3
GDXJ VanEck Junior Gold Miners ETF 31.9 52 13 4.2 +1.3
SGDJ Sprott Junior Gold Miners ETF 30.2 50 15 3.9 +1.0
RING iShares MSCI Global Gold Miners ETF 24.3 39 26 4.2 +1.3
SGDM Sprott Gold Miners ETF 20.9 50 15 3.1 +0.3
SILJ ETFMG Prime Junior Silver Miners ETF 20.1 69 -4 2.2 -0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 18.6 60 5 3.6 +0.8
SLVP iShares MSCI Global Silver Miners ETF 17.6 39 26 6.0 +3.2
AGMI Themes Silver Miners ETF 17.0 35 30 4.9 +2.0
SIL Global X Silver Miners ETF 13.8 65 0 2.7 -0.1
GDX VanEck Gold Miners ETF 11.0 51 14 3.2 +0.3
XME SPDR S&P Metals & Mining ETF 10.9 35 30 6.8 +4.0
AVDV Avantis International Small Cap Value ETF 9.7 36 29 9.3 +6.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 8.8 60 5 6.1 +3.2
CGV Conductor Global Equity Value ETF 8.3 130 -65 8.0 +5.2
CCNR ALPS CoreCommodity Natural Resources ETF 5.3 39 26 10.7 +7.8
IMOM Alpha Architect International Quantitative Momentum ETF 4.4 49 16 3.2 +0.3
IDX VanEck Indonesia Index ETF 4.4 57 8 7.2 +4.3
AVDS Avantis International Small Cap Equity ETF 4.3 30 35 7.2 +4.3
NANR SPDR S&P North American Natural Resources ETF 3.8 35 30 7.7 +4.8
OAIM OneAscent International Equity ETF 3.6 95 -30 5.6 +2.7
GWX SPDR S&P International Small Cap ETF 3.6 40 25 5.9 +3.0
FTRI First Trust Indxx Global Natural Resources Income ETF 3.5 70 -5 7.5 +4.6
ARGT Global X MSCI Argentina ETF 3.3 59 6 5.1 +2.3
RJMG FT Raymond James Multicap Growth Equity ETF 3.2 85 -20 1.9 -0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.1 80 -15 10.3 +7.4
VIDI Vident International Equity Strategy ETF 2.9 61 4 10.7 +7.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.6 39 26 7.8 +5.0
SCHC Schwab International Small-Cap Equity ETF 2.5 11 54 6.5 +3.6
AFK VanEck Africa Index ETF 2.5 98 -33 11.5 +8.6
DFIS Dimensional International Small Cap ETF 2.4 39 26 7.2 +4.3
IVAL Alpha Architect International Quantitative Value ETF 2.3 49 16 9.7 +6.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.2 8 57 6.0 +3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 2.0 49 16 6.7 +3.8
DISV Dimensional International Small Cap Value ETF 1.9 42 23 8.8 +6.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 26 5.6 +2.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 36 8.2 +5.3
FYC First Trust Small Cap Growth AlphaDEX Fund 1.7 71 -6 0.4 -2.4
LST Leuthold Select Industries ETF 1.6 91 -26 5.0 +2.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.4 80 -15 4.9 +2.1
COPY Tweedy, Browne Insider + Value ETF 1.4 80 -15 11.7 +8.9
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 7 9.2 +6.4
NIKL Sprott Nickel Miners ETF 1.3 75 -10 9.7 +6.8
EIDO iShares MSCI Indonesia ETF 1.3 59 6 8.2 +5.3
AVDE Avantis International Equity ETF 1.3 23 42 7.3 +4.4
ISCF iShares International SmallCap Equity Factor ETF 1.2 23 42 8.1 +5.2
VAW Vanguard Materials ETF 1.2 9 56 6.1 +3.2
DXIV Dimensional International Vector Equity ETF 1.1 34 31 7.7 +4.9
FMAT Fidelity MSCI Materials Index ETF 1.1 8 57 6.1 +3.3
COLO Global X MSCI Colombia ETF 1.1 62 3 16.5 +13.6
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 6 11.4 +8.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -7 -0.9 -3.8
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 25 6.8 +3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -15 9.4 +6.5
COPA Themes Copper Miners ETF 1.0 35 30 5.5 +2.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -15 13.5 +10.6
ISMD Inspire Small/Mid Cap ETF 0.9 54 11 5.5 +2.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 6 7.5 +4.7
AVSD Avantis Responsible International Equity ETF 0.8 23 42 5.6 +2.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 26 5.8 +2.9
EWC iShares MSCI Canada ETF 0.8 50 15 6.0 +3.1
STXK Strive Small-Cap ETF 0.8 18 47 5.8 +3.0
VFVA Vanguard U.S. Value Factor ETF 0.8 13 52 10.8 +8.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -14 8.8 +6.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 20 4.0 +1.1
GMET VanEck Green Metals ETF 0.8 63 2 8.5 +5.6
IWN iShares Russell 2000 Value ETF 0.8 24 41 7.3 +4.4
VTWV Vanguard Russell 2000 Value ETF 0.8 10 55 7.3 +4.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 4 5.9 +3.0
FTWO Strive FAANG 2.0 ETF 0.7 49 16 4.2 +1.4
DFIC Dimensional International Core Equity 2 ETF 0.7 23 42 7.3 +4.5
VTWO Vanguard Russell 2000 ETF 0.7 7 58 4.3 +1.4
IWM iShares Russell 2000 ETF 0.7 19 46 4.3 +1.4
IGE iShares North American Natural Resources ETF 0.7 41 24 7.4 +4.5
FESM Fidelity Enhanced Small Cap ETF 0.6 28 37 7.2 +4.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 5.3 +2.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 56 4.2 +1.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 7.7 +4.8
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 7 8.0 +5.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 61 5.9 +3.0
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 55 1.4 -1.4
IWO iShares Russell 2000 Growth ETF 0.6 24 41 1.3 -1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 41 6.3 +3.4
RSSL Global X Russell 2000 ETF 0.6 8 57 4.3 +1.5
AVIV Avantis International Large Cap Value ETF 0.6 25 40 8.5 +5.6
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 4.6 +1.8
FFTY Innovator IBD 50 ETF 0.5 80 -15 -2.3 -5.2
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 59 9.3 +6.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -25 6.7 +3.9
TUR iShares MSCI Turkey ETF 0.5 58 7 17.6 +14.7
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 37 9.2 +6.4
SCHA Schwab U.S. Small-Cap ETF 0.4 4 61 5.8 +3.0
VBR Vanguard Small Cap Value ETF 0.4 7 58 9.1 +6.2
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 61 6.9 +4.0
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 40 7.3 +4.4
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 6.2 +3.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -5 7.5 +4.7
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 7.1 +4.2
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 6.2 +3.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 1 2.2 -0.7
EES WisdomTree U.S. SmallCap Fund 0.3 38 27 8.7 +5.8
DFAS Dimensional U.S. Small Cap ETF 0.3 26 39 6.4 +3.5
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 27 9.3 +6.4
VPL Vanguard FTSE Pacific ETF 0.3 7 58 6.7 +3.8
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 52 2.9 +0.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 0 7.6 +4.8
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.8 +4.9
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.4 +2.6
ISCB iShares Morningstar Small-Cap ETF 0.3 4 61 6.2 +3.3
DFSV Dimensional US Small Cap Value ETF 0.3 31 34 10.0 +7.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 12.3 +9.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 48 5.7 +2.8
VEA Vanguard FTSE Developed Markets ETF 0.3 3 62 7.1 +4.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 23 9.4 +6.5
VSGX Vanguard ESG International Stock ETF 0.3 10 55 7.5 +4.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 8.2 +5.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 7 8.0 +5.1
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 23 7.2 +4.4
VB Vanguard Small-Cap ETF 0.2 5 60 6.1 +3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.6 +3.8
VXUS Vanguard Total International Stock ETF 0.2 5 60 7.7 +4.9
VXF Vanguard Extended Market ETF 0.2 5 60 4.6 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.6 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 62 6.9 +4.1
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 40 5.3 +2.4
QINT American Century Quality Diversified International ETF 0.2 39 26 7.3 +4.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 7 9.5 +6.6
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 18 8.9 +6.0
INTF iShares International Equity Factor ETF 0.2 15 50 7.5 +4.7
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 0 8.3 +5.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 8.4 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 45 5.5 +2.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 7.0 +4.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 53 5.9 +3.1
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -60 5.2 +2.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.0 +3.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 7.5 +4.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 2.9 +0.0
DIHP Dimensional International High Profitability ETF 0.1 29 36 7.1 +4.2
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.3 +1.5
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 6.2 +3.3
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.2 +3.3
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.5 +4.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 8.9 +6.0
VT Vanguard Total World Stock ETF 0.1 6 59 5.8 +2.9
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 12.9 +10.0
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +3.8
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.5 +4.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 50 5.8 +3.0
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.4 +5.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.5 +2.6
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 7.4 +4.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 9.0 +6.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 10.1 +7.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.6 +4.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 9.8 +7.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.6 +4.8
DWM WisdomTree International Equity Fund 0.1 48 17 7.3 +4.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 7.6 +4.7
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 4.1 +1.2
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 8.1 +5.2
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 6.2 +3.4
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.7 +2.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.9 +7.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.5 +5.7
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.3 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 10.2 +7.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.3 +2.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.6 +2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 8.8 +5.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.7 +5.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.6 +1.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.9 +6.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 8.8 +5.9
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 +1.8
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 +1.9
TOK iShares MSCI Kokusai ETF 0.0 26 39 5.0 +2.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +2.1
URTH iShares MSCI World ETF 0.0 24 41 5.0 +2.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.9 +2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.8 +2.0
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.8 +2.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 53 5.1 +2.2
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.4 +4.5
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 10.6 +7.7
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.7 +1.9
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.5 +2.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.4 +5.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.6 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.8 +7.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.1 +4.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.1 +6.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.5 +4.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 54 9.6 +6.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 29 9.4 +6.5
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.5 +4.6
EBI Longview Advantage ETF 0.0 35 30 6.5 +3.6
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.4 +4.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 61 8.0 +5.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.9 +3.0
DFIV Dimensional International Value ETF 0.0 27 38 9.5 +6.6
AVES Avantis Emerging Markets Value ETF 0.0 36 29 10.7 +7.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.8 +5.0

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 9.3 %
Divided by: Fwd. P/BV 2.6 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.