Global X Hydrogen ETF
ALTAR
Score™		 -7.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -8.8x P/Sales
ratio		 1.9x
P/BV
ratio		 2.1x Div.
yield		 -0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
HYDR tracks a modified market-cap-weighted index that provides global exposure to companies positioned to benefit from hydrogen economy.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Jul 14, 2021
Assets (mns) $27
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $10,220
Large cap (>$10bn) 7.1%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 67.2%
Developed mkts 91.1%
Emerging mkts 8.9%

TOP TEN HOLDINGS
BLOOM ENERGY CORPORATION CLASS A 18.7 %
DOOSAN FUEL CELL CO., LTD. 11.2 %
NEL ASA 10.6 %
SFC ENERGY AG 8.3 %
PLUG POWER INC 6.8 %
BALLARD POWER SYSTEMS INC 5.7 %
AFC ENERGY PLC 5.2 %
POWERCELL SWEDEN AB 4.7 %
ITM POWER PLC 4.7 %
ILJIN HYSOLUS CO., LTD. 4.2 %
Total 80.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 34.2 %
SOUTH KOREA 16.1 %
BRITAIN 13.5 %
NORWAY 12.7 %
GERMANY 8.3 %
CANADA 6.2 %
SWEDEN 4.7 %
JAPAN 2.8 %
CHINA 0.9 %
FRANCE 0.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.7% -35.0% -- -- -40.3%

Market Correlations
versus... Beta R-squared
S&P500 1.89 47%
MSCI EAFE 1.83 46%
MSCI Emg. Mkts. 1.57 34%

Technical Indicators
Recent close $18.54
30d moving avg. $16.64
Annualized volatility 45.8%
Short interest (ETF) 0.6%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.6%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $1,738

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 471 potential alternatives to the Global X Hydrogen ETF ETF based on the alternatives' overlap in portfolio holdings with HYDR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HYDR Expense: 50 bp ALTAR Score™: -7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HYDR
Ticker Fund
Name		 Overlap1
vs HYDR
(%)		 Expense
ratio
(bp)		 Savings
vs HYDR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs HYDR
(%)
CTEC Global X CleanTech ETF 8.6 50 0 3.0 +10.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 8.4 45 5 4.4 +12.1
CNRG SPDR S&P Kensho Clean Power ETF 7.5 45 5 0.6 +8.3
IBAT iShares Energy Storage & Materials ETF 6.3 47 3 5.6 +13.3
FRNW Fidelity Clean Energy ETF 5.3 39 11 4.3 +12.0
DRIV Global X Autonomous & Electric Vehicles ETF 5.3 68 -18 6.6 +14.3
PBD Invesco Global Clean Energy ETF 5.2 75 -25 0.5 +8.2
FTDS First Trust Dividend Strength ETF 4.0 70 -20 7.8 +15.5
PRN Invesco Dorsey Wright Industrials Momentum ETF 3.7 60 -10 3.7 +11.4
CARZ First Trust NASDAQ Global Auto Index Fund 3.7 70 -20 6.0 +13.7
HAIL SPDR S&P Kensho Smart Mobility ETF 3.5 45 5 2.6 +10.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.4 58 -8 -3.1 +4.6
CLNR IQ Cleaner Transport ETF 3.3 45 5 6.9 +14.6
DTAN Sparkline International Intangible Value ETF 2.9 55 -5 8.4 +16.1
BBJP JPMorgan BetaBuilders Japan ETF 2.8 19 31 7.5 +15.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.8 47 3 6.9 +14.6
DXJ WisdomTree Japan Hedged Equity Fund 2.8 48 2 8.3 +16.0
FLJH Franklin FTSE Japan Hedged ETF 2.8 9 41 6.8 +14.5
FLJP Franklin FTSE Japan ETF 2.8 9 41 7.0 +14.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.8 25 25 7.8 +15.5
EWJ iShares MSCI Japan ETF 2.8 50 0 6.9 +14.6
EWJV iShares MSCI Japan Value ETF 2.8 15 35 9.6 +17.3
RXI iShares Global Consumer Discretionary ETF 2.8 41 9 8.9 +16.6
PATN Pacer Nasdaq International Patent Leaders ETF 2.8 65 -15 6.6 +14.3
RNEW VanEck Green Infrastructure ETF 2.7 45 5 -1.5 +6.2
BATT Amplify Lithium & Battery Technology ETF 2.7 59 -9 3.7 +11.4
ICLN iShares Global Clean Energy ETF 2.6 41 9 6.0 +13.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.6 39 11 -1.2 +6.5
VPL Vanguard FTSE Pacific ETF 2.6 8 42 7.5 +15.2
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.6 45 5 6.4 +14.1
MADE iShares U.S. Manufacturing ETF 2.5 40 10 5.3 +13.0
IPAC iShares Core MSCI Pacific ETF 2.4 9 41 7.0 +14.7
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.4 56 -6 6.4 +14.1
MXI iShares Global Materials ETF 2.4 41 9 8.0 +15.7
FMAT Fidelity MSCI Materials Index ETF 2.3 8 42 6.5 +14.2
FXZ First Trust Materials AlphaDEX Fund 2.3 61 -11 11.5 +19.2
RSPM Invesco S&P 500 Equal Weight Materials ETF 2.3 40 10 7.8 +15.5
BLCR iShares Large Cap Core Active ETF 2.3 36 14 4.0 +11.7
IYM iShares U.S. Basic Materials ETF 2.3 40 10 6.9 +14.6
XLB Materials Select Sector SPDR Fund 2.3 8 42 6.2 +13.9
DIVZ TrueShares Low Volatility Equity Income ETF 2.3 65 -15 6.6 +14.3
VAW Vanguard Materials ETF 2.3 10 40 6.5 +14.2
PBW Invesco WilderHill Clean Energy ETF 2.2 66 -16 -5.2 +2.5
VCLN Virtus Duff & Phelps Clean Energy ETF 2.2 59 -9 5.8 +13.5
MDLV Morgan Dempsey Large Cap Value ETF 2.1 58 -8 7.6 +15.3
BEEZ Honeytree U.S. Equity ETF 2.1 64 -14 3.6 +11.3
IVLU iShares MSCI Intl Value Factor ETF 2.1 30 20 11.0 +18.7
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 2.1 60 -10 7.1 +14.8
DIVL Madison Dividend Value ETF 2.1 65 -15 5.8 +13.5
FTCS First Trust Capital Strength ETF 2.0 55 -5 5.6 +13.3
ACES ALPS Clean Energy ETF 2.0 55 -5 -3.3 +4.4
GSFP Goldman Sachs Future Planet Equity ETF 2.0 75 -25 4.7 +12.4
BRIF FIS Bright Portfolios Focused Equity ETF 2.0 65 -15 4.6 +12.3
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 1.9 15 35 4.4 +12.1
EFV iShares MSCI EAFE Value ETF 1.9 34 16 9.4 +17.1
BMVP Invesco Bloomberg MVP Multi-factor ETF 1.8 29 21 6.1 +13.8
IQSI IQ Candriam International Equity ETF 1.8 15 35 6.7 +14.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.8 49 1 9.7 +17.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.8 35 15 6.8 +14.5
DOL WisdomTree International LargeCap Dividend Fund 1.8 48 2 7.5 +15.2
TBG TBG Dividend Focus ETF 1.8 59 -9 8.0 +15.7
BGIG Bahl & Gaynor Income Growth ETF 1.7 45 5 5.5 +13.2
RUNN Running Oak Efficient Growth ETF 1.7 58 -8 4.8 +12.5
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 1.7 40 10 6.2 +13.9
LEAD Siren DIVCON Leaders Dividend ETF 1.6 43 7 4.3 +12.0
BGDV Bahl & Gaynor Dividend ETF 1.6 45 5 4.9 +12.6
GDIV Harbor Dividend Growth Leaders ETF 1.6 50 0 5.3 +13.0
POWA Invesco Bloomberg Pricing Power ETF 1.6 40 10 5.6 +13.3
TMDV ProShares Russell US Dividend Growers ETF 1.6 35 15 6.4 +14.1
QDIV Global X S&P 500 Quality Dividend ETF 1.5 20 30 8.5 +16.2
SMOG VanEck Low Carbon Energy ETF 1.5 61 -11 1.6 +9.3
VYMI Vanguard International High Dividend Yield ETF 1.5 22 28 9.9 +17.6
DVND Touchstone Dividend Select ETF 1.5 67 -17 6.0 +13.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 40 10 7.7 +15.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.5 68 -18 7.6 +15.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.5 79 -29 5.7 +13.4
DURA VanEck Durable High Dividend ETF 1.4 29 21 8.7 +16.4
CGUS Capital Group Core Equity ETF 1.4 33 17 4.6 +12.3
TOGA Tremblant Global ETF 1.4 69 -19 1.7 +9.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.4 35 15 6.0 +13.7
DWM WisdomTree International Equity Fund 1.3 48 2 7.7 +15.4
DIVI Franklin International Core Dividend Tilt Index ETF 1.3 9 41 8.2 +15.9
MOTE VanEck Morningstar ESG Moat ETF 1.3 49 1 5.8 +13.5
STXI Strive International Developed Markets ETF 1.3 29 21 7.1 +14.8
PWV Invesco Large Cap Value ETF 1.3 55 -5 7.5 +15.2
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 25 10.0 +17.7
YLDE ClearBridge Dividend Strategy ESG ETF 1.3 60 -10 5.9 +13.6
JPXN iShares JPX-Nikkei 400 ETF 1.2 48 2 7.4 +15.1
JIRE JPMorgan International Research Enhanced Equity ETF 1.2 24 26 7.4 +15.1
GMET VanEck Green Metals ETF 1.2 63 -13 10.7 +18.4
BLCV iShares Large Cap Value Active ETF 1.2 53 -3 7.5 +15.2
JHMD John Hancock Multifactor Developed International ETF 1.2 39 11 7.8 +15.5
GSID Goldman Sachs MarketBeta International Equity ETF 1.2 20 30 7.2 +14.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 1.2 61 -11 6.8 +14.5
HFXI IQ FTSE International Equity Currency Neutral ETF 1.2 20 30 7.3 +15.0
RSPN Invesco S&P 500 Equal Weight Industrials ETF 1.1 40 10 4.9 +12.6
DFLV Dimensional US Large Cap Value ETF 1.1 22 28 8.2 +15.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.1 45 5 9.2 +16.9
ONEY SPDR Russell 1000 Yield Focus ETF 1.1 20 30 9.8 +17.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -22 -0.9 +6.8
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.1 20 30 6.6 +14.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.1 20 30 6.5 +14.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.1 55 -5 5.8 +13.5
BKIE BNY Mellon International Equity ETF 1.0 4 46 7.3 +15.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.0 15 35 7.5 +15.2
DFIV Dimensional International Value ETF 1.0 27 23 10.2 +17.9
FIDU Fidelity MSCI Industrial Index ETF 1.0 8 42 4.6 +12.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.0 55 -5 10.6 +18.3
SDY SPDR S&P Dividend ETF 1.0 35 15 6.5 +14.2
VSDA VictoryShares Dividend Accelerator ETF 1.0 35 15 7.0 +14.7
XLI Industrial Select Sector SPDR Fund 1.0 8 42 4.4 +12.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 14 6.7 +14.4
EFA iShares MSCI EAFE ETF 1.0 35 15 7.0 +14.7
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.0 65 -15 5.1 +12.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 11 8.6 +16.3
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.0 30 20 8.2 +15.9
SCHF Schwab International Equity ETF 1.0 6 44 7.6 +15.3
FVD First Trust Value Line Dividend Index Fund 1.0 65 -15 6.2 +13.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 47 7.4 +15.1
NULC Nuveen ESG Large-Cap ETF 0.9 21 29 4.9 +12.6
VOE Vanguard Mid-Cap Value ETF 0.9 7 43 7.8 +15.5
VEA Vanguard FTSE Developed Markets ETF 0.9 5 45 7.5 +15.2
VSGX Vanguard ESG International Stock ETF 0.9 12 38 8.0 +15.7
NUDV Nuveen ESG Dividend ETF 0.9 26 24 7.5 +15.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.9 12 38 6.3 +14.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.9 20 30 7.0 +14.7
VWID Virtus WMC International Dividend ETF 0.9 49 1 8.9 +16.6
JAVA JPMorgan Active Value ETF 0.9 44 6 6.6 +14.3
IEFA iShares Core MSCI EAFE ETF 0.9 7 43 7.3 +15.0
INTF iShares International Equity Factor ETF 0.9 15 35 7.9 +15.6
DFIC Dimensional International Core Equity 2 ETF 0.9 23 27 7.8 +15.5
VIS Vanguard Industrials ETF 0.9 10 40 4.7 +12.4
HDUS Hartford Disciplined US Equity ETF 0.9 19 31 5.9 +13.6
DGRW WisdomTree US Quality Dividend Growth Fund 0.9 28 22 5.7 +13.4
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 3 3.7 +11.4
FMDE Fidelity Enhanced Mid Cap ETF 0.9 23 27 5.9 +13.6
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 26 6.6 +14.3
INCE Franklin Income Equity Focus ETF 0.8 29 21 5.7 +13.4
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 21 4.8 +12.5
IOO iShares Global 100 ETF 0.8 41 9 5.2 +12.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.8 50 0 8.3 +16.0
DFAI Dimensional International Core Equity Market ETF 0.8 18 32 7.5 +15.2
ITAN Sparkline Intangible Value ETF 0.8 50 0 6.5 +14.2
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 45 8.1 +15.8
RPG Invesco S&P 500 Pure Growth ETF 0.8 35 15 3.3 +11.0
IDEV iShares Core MSCI International Developed Markets ETF 0.8 4 46 7.3 +15.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.8 14 36 5.1 +12.8
FEGE First Eagle Global Equity ETF 0.8 79 -29 7.2 +14.9
CGDV Capital Group Dividend Value ETF 0.8 33 17 4.8 +12.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 32 8.0 +15.7
ZAP Global X U.S. Electrification ETF 0.7 50 0 4.5 +12.2
EVUS iShares ESG Aware MSCI USA Value ETF 0.7 18 32 6.9 +14.6
DFUV Dimensional US Marketwide Value ETF 0.7 22 28 8.0 +15.7
APUE ActivePassive U.S. Equity ETF 0.7 45 5 4.9 +12.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 42 8.4 +16.1
DEUS Xtrackers Russell US Multifactor ETF 0.7 17 33 7.0 +14.7
FDMO Fidelity Momentum Factor ETF 0.7 15 35 3.9 +11.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -2 4.1 +11.8
EQIN Columbia US Equity Income ETF 0.7 35 15 7.0 +14.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.7 80 -30 12.3 +20.0
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 20 8.0 +15.7
DIHP Dimensional International High Profitability ETF 0.7 29 21 7.3 +15.0
HAPI Harbor Human Capital Factor US Large Cap ETF 0.7 36 14 5.0 +12.7
VXUS Vanguard Total International Stock ETF 0.7 7 43 8.2 +15.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -9 7.4 +15.1
DGT SPDR Global Dow ETF 0.7 50 0 7.5 +15.2
FIDI Fidelity International High Dividend ETF 0.7 18 32 9.2 +16.9
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.0 +12.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -20 2.9 +10.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 20 8.4 +16.1
WRND IQ Global Equity R&D Leaders ETF 0.6 18 32 8.9 +16.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 16 8.0 +15.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.6 20 30 7.6 +15.3
IYJ iShares U.S. Industrials ETF 0.6 40 10 4.5 +12.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 9 7.7 +15.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.6 20 30 6.7 +14.4
SUSA iShares MSCI USA ESG Select ETF 0.6 25 25 4.9 +12.6
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 37 3.2 +10.9
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -30 12.6 +20.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 41 6.1 +13.8
FENI Fidelity Enhanced International ETF 0.6 28 22 6.9 +14.6
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 43 8.2 +15.9
DGRO iShares Core Dividend Growth ETF 0.6 8 42 6.6 +14.3
GLBL Pacer MSCI World Industry Advantage ETF 0.6 65 -15 4.5 +12.2
IDRV iShares Self-driving EV & Tech ETF 0.6 47 3 2.5 +10.2
EXI iShares Global Industrials ETF 0.6 42 8 4.6 +12.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.6 30 20 7.1 +14.8
VLUE iShares MSCI USA Value Factor ETF 0.6 15 35 10.2 +17.9
FLQL Franklin LibertyQ U.S. Equity ETF 0.6 15 35 5.6 +13.3
VYM Vanguard High Dividend Yield Index ETF 0.5 6 44 7.4 +15.1
VIG Vanguard Dividend Appreciation ETF 0.5 6 44 5.7 +13.4
KRMA Global X Conscious Companies ETF 0.5 43 7 5.9 +13.6
USXF iShares ESG Advanced MSCI USA ETF 0.5 10 40 4.8 +12.5
SNPV Xtrackers S&P 500 Value ESG ETF 0.5 15 35 7.0 +14.7
VO Vanguard Mid-Cap ETF 0.5 4 46 5.9 +13.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 30 3.5 +11.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.5 75 -25 5.3 +13.0
IWS iShares Russell Mid-Cap Value ETF 0.5 23 27 6.9 +14.6
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.5 12 38 5.6 +13.3
VTV Vanguard Value ETF 0.5 4 46 7.1 +14.8
FTC First Trust Large Cap Growth AlphaDEX Fund 0.5 59 -9 2.9 +10.6
WCEO Hypatia Women CEO ETF 0.5 85 -35 4.8 +12.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.5 29 21 4.4 +12.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 7.4 +15.1
ICAP InfraCap Equity Income Fund ETF 0.5 171 -121 7.0 +14.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 7.1 +14.8
ROUS Hartford Multifactor US Equity ETF 0.5 19 31 7.2 +14.9
HLAL Wahed FTSE USA Shariah ETF 0.5 50 0 5.0 +12.7
SPHQ Invesco S&P 500 Quality ETF 0.5 15 35 5.1 +12.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 8 5.6 +13.3
IWTR iShares MSCI Water Management Multisector ETF 0.5 47 3 6.0 +13.7
AVDV Avantis International Small Cap Value ETF 0.5 36 14 10.6 +18.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.5 12 38 6.7 +14.4
BFOR ALPS Barron's 400 ETF 0.5 65 -15 6.1 +13.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.5 10 40 5.1 +12.8
OCEN IQ Clean Oceans ETF 0.5 45 5 6.6 +14.3
RCGE RockCreek Global Equality ETF 0.5 95 -45 6.4 +14.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.4 6 44 8.4 +16.1
PFM Invesco Dividend Achievers ETF 0.4 53 -3 5.4 +13.1
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 46 6.9 +14.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -14 2.3 +10.0
ESGU iShares ESG Aware MSCI USA ETF 0.4 15 35 5.0 +12.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 41 4.7 +12.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 -8 8.2 +15.9
IWD iShares Russell 1000 Value ETF 0.4 19 31 6.6 +14.3
VONV Vanguard Russell 1000 Value ETF 0.4 8 42 6.7 +14.4
CFA VictoryShares US 500 Volatility Wtd ETF 0.4 35 15 5.9 +13.6
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.4 40 10 5.9 +13.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 41 6.2 +13.9
DFVX Dimensional US Large Cap Vector ETF 0.4 22 28 6.5 +14.2
URTH iShares MSCI World ETF 0.4 24 26 5.4 +13.1
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 5.1 +12.8
DSI iShares MSCI KLD 400 Social ETF 0.4 25 25 5.1 +12.8
AVUS Avantis U.S. Equity ETF 0.4 15 35 6.1 +13.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 25 7.3 +15.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 26 8.2 +15.9
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 46 6.1 +13.8
FUNL CornerCap Fundametrics Large-Cap ETF 0.4 50 0 7.5 +15.2
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 22 6.2 +13.9
IWX iShares Russell Top 200 Value ETF 0.4 20 30 6.4 +14.1
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -10 7.3 +15.0
VT Vanguard Total World Stock ETF 0.4 7 43 6.2 +13.9
MGV Vanguard Mega Cap Value ETF 0.4 7 43 6.8 +14.5
JHML John Hancock Multifactor Large Cap ETF 0.4 29 21 5.5 +13.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 32 7.8 +15.5
IWR iShares Russell Midcap ETF 0.4 19 31 5.9 +13.6
ACWI iShares MSCI ACWI ETF 0.4 32 18 5.8 +13.5
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 30 6.5 +14.2
ILCV iShares Morningstar Value ETF 0.4 4 46 6.8 +14.5
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 38 8.6 +16.3
DTD WisdomTree U.S. Total Dividend Fund 0.4 28 22 6.5 +14.2
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 40 5.3 +13.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.4 9 41 5.7 +13.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 5 4.7 +12.4
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 20 6.2 +13.9
RAFE PIMCO RAFI ESG U.S. ETF 0.3 29 21 7.5 +15.2
ACVF American Conservative Values ETF 0.3 75 -25 4.5 +12.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -30 10.5 +18.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -8 8.7 +16.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 44 4.1 +11.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.3 15 35 5.1 +12.8
FDRR Fidelity Dividend ETF for Rising Rates 0.3 15 35 7.6 +15.3
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 41 6.2 +13.9
SIZE iShares MSCI USA Size Factor ETF 0.3 15 35 5.9 +13.6
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.8 +17.5
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 32 6.9 +14.6
KLMN Invesco MSCI North America Climate ETF 0.3 9 41 5.2 +12.9
IWO iShares Russell 2000 Growth ETF 0.3 24 26 1.4 +9.1
FBCV Fidelity Blue Chip Value ETF 0.3 59 -9 7.5 +15.2
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 25 5.7 +13.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 15 5.3 +13.0
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 35 1.5 +9.2
FJP First Trust Japan AlphaDEX Fund 0.3 80 -30 10.1 +17.8
EBI Longview Advantage ETF 0.3 35 15 6.9 +14.6
ETHO Etho Climate Leadership U.S. ETF 0.3 47 3 5.6 +13.3
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 9 41 5.2 +12.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 11 6.2 +13.9
JHID John Hancock International High Dividend ETF 0.3 46 4 11.0 +18.7
LRND IQ U.S. Large Cap R&D Leaders ETF 0.3 14 36 5.9 +13.6
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 35 6.3 +14.0
SPMO Invesco S&P 500 Momentum ETF 0.3 13 37 3.8 +11.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 30 7.1 +14.8
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.3 60 -10 2.1 +9.8
IUS Invesco RAFI Strategic US ETF 0.3 19 31 6.9 +14.6
NIXT Research Affiliates Deletions ETF 0.3 9 41 5.8 +13.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 46 6.3 +14.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 41 5.0 +12.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.3 9 41 4.9 +12.6
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 11 7.1 +14.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 -10 7.8 +15.5
DSPY Tema S&P 500 Historical Weight ETF 0.3 18 32 5.3 +13.0
DIVB iShares Core Dividend ETF 0.3 5 45 7.9 +15.6
VOOV Vanguard S&P 500 Value ETF 0.3 10 40 6.5 +14.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 25 7.4 +15.1
IVE iShares S&P 500 Value ETF 0.3 18 32 6.4 +14.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 46 6.5 +14.2
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -8 8.7 +16.4
ROSC Hartford Multifactor Small Cap ETF 0.3 34 16 10.1 +17.8
SMDV ProShares Russell 2000 Dividend Growers ETF 0.3 40 10 7.5 +15.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.3 49 1 12.3 +20.0
AFSM First Trust Active Factor Small Cap ETF 0.3 75 -25 7.7 +15.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.3 11 39 5.3 +13.0
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 8 7.4 +15.1
CCMG CCM Global Equity ETF 0.3 34 16 8.8 +16.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.3 9 41 5.0 +12.7
FDLO Fidelity Low Volatility Factor ETF 0.3 15 35 5.5 +13.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.3 19 31 6.5 +14.2
SCHC Schwab International Small-Cap Equity ETF 0.2 11 39 7.1 +14.8
IUSV iShares Core S&P US Value ETF 0.2 4 46 6.7 +14.4
TRFM AAM Transformers ETF 0.2 49 1 1.7 +9.4
QUAL iShares MSCI USA Quality Factor ETF 0.2 15 35 5.3 +13.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 25 7.4 +15.1
EPS WisdomTree U.S. LargeCap Fund 0.2 8 42 6.0 +13.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 0 11.8 +19.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 50 5.1 +12.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 43 5.1 +12.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 21 4.9 +12.6
RWL Invesco S&P 500 Revenue ETF 0.2 39 11 6.9 +14.6
XVV iShares ESG Screened S&P 500 ETF 0.2 8 42 5.1 +12.8
STXV Strive 1000 Value ETF 0.2 18 32 8.3 +16.0
SFY SoFi Select 500 ETF 0.2 0 50 4.6 +12.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 5.2 +12.9
VOTE TCW Transform 500 ETF 0.2 5 45 5.1 +12.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 38 4.7 +12.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 39 5.1 +12.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 6.0 +13.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 30 4.9 +12.6
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 30 5.1 +12.8
IVV iShares Core S&P 500 ETF 0.2 3 47 5.2 +12.9
SPY SPDR S&P 500 ETF Trust 0.2 9 41 5.1 +12.8
VOO Vanguard S&P 500 ETF 0.2 3 47 5.2 +12.9
VV Vanguard Large-Cap ETF 0.2 4 46 5.1 +12.8
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 48 5.2 +12.9
RVRB Reverb ETF 0.2 30 20 4.8 +12.5
STRV Strive 500 ETF 0.2 5 45 5.0 +12.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 21 6.6 +14.3
DFAU Dimensional US Core Equity Market ETF 0.2 12 38 5.3 +13.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 33 5.8 +13.5
PBUS Invesco MSCI USA ETF 0.2 4 46 5.1 +12.8
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 32 4.9 +12.6
DFUS Dimensional U.S. Equity ETF 0.2 9 41 5.1 +12.8
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 47 5.1 +12.8
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 5.2 +12.9
VTI Vanguard Total Stock Market ETF 0.2 3 47 5.1 +12.8
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 40 6.0 +13.7
IWM iShares Russell 2000 ETF 0.2 19 31 4.7 +12.4
IWB iShares Russell 1000 ETF 0.2 15 35 5.1 +12.8
VTHR Vanguard Russell 3000 ETF 0.2 10 40 5.1 +12.8
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 38 7.8 +15.5
GSPY Gotham Enhanced 500 ETF 0.2 50 0 5.5 +13.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 5.1 +12.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 47 5.4 +13.1
IWV iShares Russell 3000 ETF 0.2 20 30 5.0 +12.7
VTWO Vanguard Russell 2000 ETF 0.2 10 40 4.7 +12.4
SCHK Schwab 1000 Index ETF 0.2 5 45 5.3 +13.0
IYY iShares Dow Jones U.S. ETF 0.2 20 30 5.0 +12.7
VONE Vanguard Russell 1000 ETF 0.2 8 42 5.2 +12.9
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 5.2 +12.9
VEGN US Vegan Climate ETF 0.2 60 -10 4.6 +12.3
STXK Strive Small-Cap ETF 0.2 18 32 6.4 +14.1
DCOR Dimensional US Core Equity 1 ETF 0.2 14 36 5.6 +13.3
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 25 6.3 +14.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 18 5.1 +12.8
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 37 6.4 +14.1
ISMD Inspire Small/Mid Cap ETF 0.2 54 -4 6.1 +13.8
RSSL Global X Russell 2000 ETF 0.2 8 42 4.7 +12.4
AFLG First Trust Active Factor Large Cap ETF 0.2 55 -5 6.2 +13.9
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 8 6.5 +14.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 43 7.1 +14.8
VBK Vanguard Small-Cap Growth ETF 0.2 7 43 1.9 +9.6
STXG Strive 1000 Growth ETF 0.2 18 32 4.0 +11.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 41 5.4 +13.1
IVW iShares S&P 500 Growth ETF 0.2 18 32 4.2 +11.9
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 46 4.3 +12.0
VOOG Vanguard S&P 500 Growth ETF 0.2 10 40 4.2 +11.9
DFIS Dimensional International Small Cap ETF 0.2 39 11 7.8 +15.5
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 -9 6.2 +13.9
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.8 +13.5
TMFC Motley Fool 100 Index ETF 0.2 50 0 3.7 +11.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 44 2.9 +10.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 11 6.7 +14.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -20 7.9 +15.6
IUSG iShares Core S&P U.S. Growth ETF 0.2 4 46 4.4 +12.1
EES WisdomTree U.S. SmallCap Fund 0.2 38 12 9.3 +17.0
TOK iShares MSCI Kokusai ETF 0.2 26 24 5.3 +13.0
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 32 5.6 +13.3
SFYX SoFi Next 500 ETF 0.2 0 50 5.9 +13.6
MGC Vanguard Mega Cap ETF 0.2 7 43 4.9 +12.6
DTH WisdomTree International High Dividend Fund 0.2 58 -8 9.1 +16.8
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -12 3.5 +11.2
GWX SPDR S&P International Small Cap ETF 0.1 40 10 6.7 +14.4
IWL iShares Russell Top 200 ETF 0.1 15 35 4.9 +12.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 1 5.0 +12.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 3 9.8 +17.5
SCHA Schwab U.S. Small-Cap ETF 0.1 4 46 6.5 +14.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 43 5.2 +12.9
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.1 19 31 5.3 +13.0
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 10 10.8 +18.5
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.1 48 2 6.0 +13.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 41 5.4 +13.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 30 5.3 +13.0
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 1 5.8 +13.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 -8 6.8 +14.5
IWC iShares Micro-Cap ETF 0.1 60 -10 -0.7 +7.1
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 42 5.2 +12.9
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 8 4.9 +12.6
CIL VictoryShares International Volatility Wtd ETF 0.1 45 5 6.8 +14.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 6.9 +14.6
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 7.8 +15.5
FESM Fidelity Enhanced Small Cap ETF 0.1 28 22 8.1 +15.8
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.1 65 -15 6.4 +14.1
SSPY Syntax Stratified LargeCap ETF 0.1 30 20 6.7 +14.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 10 7.4 +15.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -25 4.2 +11.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.1 38 12 9.6 +17.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 46 6.3 +14.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 33 6.1 +13.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.0 +13.7
IWN iShares Russell 2000 Value ETF 0.1 24 26 8.1 +15.8
CCSO Carbon Collective Climate Solutions US Equity ETF 0.1 35 15 1.2 +8.9
VTWV Vanguard Russell 2000 Value ETF 0.1 15 35 8.1 +15.8
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -25 3.9 +11.6
JEPI JPMorgan Equity Premium Income ETF 0.1 35 15 5.7 +13.4
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.1 25 25 5.3 +13.0
OPTZ Optimize Strategy Index ETF 0.1 50 0 5.1 +12.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 9.9 +17.6
VB Vanguard Small-Cap ETF 0.1 5 45 6.3 +14.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 30 6.1 +13.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 8.7 +16.4
HKND Humankind US Stock ETF 0.1 11 39 7.4 +15.1
VXF Vanguard Extended Market ETF 0.1 6 44 5.0 +12.7
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.9 +11.6
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 25 10.5 +18.2
GVLU Gotham 1000 Value ETF 0.1 50 0 9.1 +16.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 9.4 +17.1
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -75 6.6 +14.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 15 9.8 +17.5
PSC Principal U.S. Small-Cap ETF 0.1 38 12 7.0 +14.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 44 9.7 +17.4
AVDE Avantis International Equity ETF 0.1 23 27 7.9 +15.6
AVSD Avantis Responsible International Equity ETF 0.1 23 27 5.9 +13.6
GLOF iShares Global Equity Factor ETF 0.0 20 30 6.9 +14.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 7 14.0 +21.7
DFAS Dimensional U.S. Small Cap ETF 0.0 26 24 6.8 +14.5
VFVA Vanguard U.S. Value Factor ETF 0.0 13 37 11.5 +19.2
SPEU SPDR Portfolio Europe ETF 0.0 7 43 7.4 +15.1
YOKE Yoke Core ETF 0.0 42 8 4.4 +12.1
MTUM iShares MSCI USA Momentum Factor ETF 0.0 15 35 3.6 +11.3
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 10.0 +17.7
VGK Vanguard FTSE Europe ETF 0.0 11 39 7.4 +15.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 12.2 +19.9
IEV iShares Europe ETF 0.0 67 -17 6.9 +14.6
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 10.8 +18.5
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 22 10.0 +17.7
IEUR iShares Core MSCI Europe ETF 0.0 11 39 7.4 +15.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 19 10.8 +18.5
FLCH Franklin FTSE China ETF 0.0 19 31 17.4 +25.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 39 10.4 +18.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 14 10.2 +17.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 11 6.1 +13.8
VBR Vanguard Small Cap Value ETF 0.0 7 43 9.4 +17.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 7.0 +14.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 41 4.9 +12.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 8.5 +16.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 4.0 +11.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 7.7 +15.4
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 35 8.0 +15.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.7 +14.4
HEDJ WisdomTree Europe Hedged Equity Fund 0.0 58 -8 6.4 +14.1
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 42 10.9 +18.6
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 9.4 +17.1

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 Hydrogen ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -16.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -7.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.55
 
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.