Global X Hydrogen ETF
ALTAR
Score™		 -13.6% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -8.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.4x Div.
yield		 0.6%


  • 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) $34
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 25
Wgt avg mkt cap (mns) $18,590
Large cap (>$10bn) 11.1%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 73.9%
Developed mkts 93.9%
Emerging mkts 6.1%

TOP TEN HOLDINGS
BLOOM ENERGY CORPORATION CLASS A 11.7 %
BALLARD POWER SYSTEMS INC 9.8 %
PLUG POWER INC 9.2 %
NEL ASA 8.6 %
AFC ENERGY PLC 5.7 %
SFC ENERGY AG 5.3 %
ITM POWER PLC 5.2 %
DOOSAN FUEL CELL CO., LTD. 5.1 %
ILJIN HYSOLUS CO., LTD. 5.1 %
GREEN HYDROGEN SYSTEMS A/S 4.5 %
Total 70.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 32.7 %
BRITAIN 18.6 %
SOUTH KOREA 10.8 %
CANADA 10.1 %
NORWAY 9.9 %
GERMANY 5.3 %
DENMARK 4.5 %
SWEDEN 3.2 %
JAPAN 3.0 %
FRANCE 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.8% -50.0% -- -- -42.4%

Market Correlations
versus... Beta R-squared
S&P500 1.75 48%
MSCI EAFE 1.77 46%
MSCI Emg. Mkts. 1.61 39%

Technical Indicators
Recent close $4.95
30d moving avg. $6.47
Annualized volatility 47.1%
Short interest (ETF) 1.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 67
Turnover 1.0%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $3,274

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 457 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™: -13.6%


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
(%)
HDRO Defiance Next Gen H2 ETF 61.7 30 20 -11.1 +2.5
HJEN Direxion Hydrogen ETF 42.4 45 5 -3.2 +10.4
CTEC Global X CleanTech ETF 12.1 50 0 1.0 +14.5
CNRG SPDR S&P Kensho Clean Power ETF 11.3 45 5 -7.5 +6.1
DRIV Global X Autonomous & Electric Vehicles ETF 7.1 68 -18 3.4 +16.9
PBD Invesco Global Clean Energy ETF 7.0 75 -25 -3.9 +9.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.6 45 5 4.9 +18.5
MXI iShares Global Materials ETF 5.0 41 9 6.6 +20.2
HAIL SPDR S&P Kensho Smart Mobility ETF 4.9 45 5 -2.0 +11.5
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.8 40 10 7.6 +21.1
VAW Vanguard Materials ETF 4.8 10 40 6.5 +20.0
IYM iShares U.S. Basic Materials ETF 4.8 40 10 6.8 +20.3
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 4.8 60 -10 8.0 +21.5
XLB Materials Select Sector SPDR Fund 4.8 9 41 5.8 +19.3
FRNW Fidelity Clean Energy ETF 4.7 39 11 3.7 +17.3
PBW Invesco WilderHill Clean Energy ETF 4.2 66 -16 -19.8 -6.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 4.1 55 -5 3.6 +17.2
BNE Blue Horizon BNE ETF 3.9 87 -37 5.0 +18.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.7 39 11 -3.5 +10.0
CARZ First Trust NASDAQ Global Auto Index Fund 3.6 70 -20 3.5 +17.0
ACES ALPS Clean Energy ETF 3.4 55 -5 -5.0 +8.5
CLNR IQ Cleaner Transport ETF 3.4 45 5 8.3 +21.8
ETEC iShares Breakthrough Environmental Solutions ETF 3.4 47 3 5.3 +18.9
ICLN iShares Global Clean Energy ETF 3.3 41 9 4.3 +17.9
LEAD Siren DIVCON Leaders Dividend ETF 3.1 43 7 5.2 +18.8
DIVL Madison Dividend Value ETF 3.1 65 -15 6.1 +19.7
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 3.1 56 -6 6.3 +19.9
MDLV Morgan Dempsey Large Cap Value ETF 3.1 58 -8 8.6 +22.2
VPL Vanguard FTSE Pacific ETF 3.0 8 42 7.0 +20.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.0 25 25 7.7 +21.3
EWJV iShares MSCI Japan Value ETF 3.0 15 35 9.0 +22.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.0 47 3 6.6 +20.1
BBJP JPMorgan BetaBuilders Japan ETF 3.0 19 31 7.1 +20.7
FLJH Franklin FTSE Japan Hedged ETF 3.0 9 41 6.9 +20.5
FLJP Franklin FTSE Japan ETF 3.0 9 41 7.1 +20.7
IMTM iShares MSCI Intl Momentum Factor ETF 3.0 30 20 6.8 +20.4
RXI iShares Global Consumer Discretionary ETF 3.0 41 9 5.5 +19.1
IDMO Invesco S&P International Developed Momentum ETF 3.0 25 25 7.0 +20.5
IPAC iShares Core MSCI Pacific ETF 3.0 9 41 6.7 +20.2
DXJ WisdomTree Japan Hedged Equity Fund 3.0 48 2 7.7 +21.3
EWJ iShares MSCI Japan ETF 3.0 50 0 6.7 +20.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 2.9 58 -8 -0.3 +13.3
RSHO Tema American Reshoring ETF 2.7 75 -25 3.6 +17.2
FIXT Procure Disaster Recovery Strategy ETF 2.6 75 -25 5.7 +19.2
IVLU iShares MSCI Intl Value Factor ETF 2.6 30 20 10.6 +24.2
QQMG Invesco ESG NASDAQ 100 ETF 2.5 20 30 4.7 +18.3
VYMI Vanguard International High Dividend Yield ETF 2.4 22 28 9.7 +23.3
IQSI IQ Candriam International Equity ETF 2.3 15 35 6.4 +20.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.3 35 15 6.4 +20.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 2.3 27 23 8.4 +22.0
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 2.3 12 38 5.5 +19.1
SPDV AAM S&P 500 High Dividend Value ETF 2.2 29 21 10.5 +24.0
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.2 60 -10 8.0 +21.6
NTZG Nuveen Global Net Zero Transition ETF 2.2 56 -6 4.9 +18.5
RNEW VanEck Green Infrastructure ETF 2.2 45 5 -0.4 +13.1
SDOG ALPS Sector Dividend Dogs ETF 2.2 36 14 9.5 +23.0
STXD Strive 1000 Dividend Growth ETF 2.1 35 15 5.5 +19.0
FXZ First Trust Materials AlphaDEX Fund 2.1 61 -11 10.2 +23.8
AGQI First Trust Active Global Quality Income ETF 2.1 85 -35 5.8 +19.4
FMAT Fidelity MSCI Materials Index ETF 2.1 8 42 6.6 +20.1
FLOW Global X U.S. Cash Flow Kings 100 ETF 2.1 25 25 11.1 +24.6
VIG Vanguard Dividend Appreciation ETF 2.0 6 44 5.8 +19.4
JPXN iShares JPX-Nikkei 400 ETF 2.0 48 2 7.5 +21.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 2.0 60 -10 5.0 +18.6
FDIV MarketDesk Focused U.S. Dividend ETF 2.0 35 15 8.8 +22.3
SMOG VanEck Low Carbon Energy ETF 2.0 61 -11 3.0 +16.6
COWZ Pacer US Cash Cows 100 ETF 2.0 49 1 11.0 +24.5
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 1 7.3 +20.9
BGIG Bahl & Gaynor Income Growth ETF 1.9 45 5 5.3 +18.8
VCLN Virtus Duff & Phelps Clean Energy ETF 1.9 59 -9 3.5 +17.1
IWX iShares Russell Top 200 Value ETF 1.9 20 30 6.5 +20.1
SPHQ Invesco S&P 500 Quality ETF 1.9 15 35 5.4 +19.0
FNDF Schwab Fundamental International Large Co. Index ETF 1.8 25 25 9.1 +22.6
USXF iShares ESG Advanced MSCI USA ETF 1.8 10 40 5.2 +18.8
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.8 45 5 -3.3 +10.3
GURU Global X Guru Index ETF 1.8 75 -25 2.5 +16.1
IQIN IQ 500 International ETF 1.7 25 25 8.8 +22.4
BATT Amplify Lithium & Battery Technology ETF 1.7 59 -9 2.9 +16.5
DOL WisdomTree International LargeCap Dividend Fund 1.7 48 2 7.7 +21.3
QUAL iShares MSCI USA Quality Factor ETF 1.7 15 35 5.5 +19.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.7 20 30 6.4 +19.9
QQQ Invesco QQQ Trust Series I 1.7 20 30 4.6 +18.2
QQQM Invesco NASDAQ 100 ETF 1.7 15 35 4.7 +18.3
DKRB Subversive Decarbonization ETF 1.7 75 -25 0.0 +13.6
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.7 69 -19 8.3 +21.9
GSID Goldman Sachs MarketBeta International Equity ETF 1.7 20 30 6.7 +20.2
DFND Siren DIVCON Dividend Defender ETF 1.6 189 -139 3.9 +17.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.6 20 30 6.3 +19.8
EQRR ProShares Equities for Rising Rates ETF 1.6 35 15 7.8 +21.4
HFXI IQ FTSE International Equity Currency Neutral ETF 1.6 20 30 6.8 +20.4
WRND IQ Global Equity R&D Leaders ETF 1.6 18 32 7.2 +20.7
JIRE JPMorgan International Research Enhanced Equity ETF 1.5 24 26 6.7 +20.3
EFV iShares MSCI EAFE Value ETF 1.5 34 16 9.1 +22.7
DFLV Dimensional US Large Cap Value ETF 1.5 22 28 7.8 +21.4
ADME Aptus Drawdown Managed Equity ETF 1.5 79 -29 4.3 +17.9
PFM Invesco Dividend Achievers ETF 1.5 53 -3 5.7 +19.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.5 36 14 6.4 +20.0
HLAL Wahed FTSE USA Shariah ETF 1.5 50 0 5.0 +18.5
DIVI Franklin International Core Dividend Tilt Index ETF 1.5 9 41 8.0 +21.6
EFA iShares MSCI EAFE ETF 1.5 35 15 6.4 +19.9
SDY SPDR S&P Dividend ETF 1.5 35 15 6.3 +19.8
BKIE BNY Mellon International Equity ETF 1.5 4 46 6.9 +20.4
EFG iShares MSCI EAFE Growth ETF 1.5 36 14 4.1 +17.7
RUNN Running Oak Efficient Growth ETF 1.5 58 -8 4.8 +18.4
EVUS iShares ESG Aware MSCI USA Value ETF 1.4 18 32 6.7 +20.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.4 49 1 10.5 +24.0
VONV Vanguard Russell 1000 Value ETF 1.4 8 42 6.7 +20.3
EQUL IQ Engender Equality ETF 1.4 45 5 6.8 +20.4
PZLG Puzzle Mature Growth 1.4 0 50 4.2 +17.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.4 45 5 8.5 +22.0
SCHF Schwab International Equity ETF 1.4 6 44 7.0 +20.6
RSPN Invesco S&P 500 Equal Weight Industrials ETF 1.4 40 10 3.8 +17.3
IWD iShares Russell 1000 Value ETF 1.4 19 31 6.6 +20.1
RFFC ALPS Active Equity Opportunity ETF 1.4 48 2 4.5 +18.1
ESGD iShares ESG Aware MSCI EAFE ETF 1.4 20 30 6.3 +19.9
HAPY Harbor Human Capital Factor Unconstrained ETF 1.4 50 0 4.8 +18.3
DSI iShares MSCI KLD 400 Social ETF 1.3 25 25 5.1 +18.7
IEFA iShares Core MSCI EAFE ETF 1.3 7 43 2.7 +16.3
VSGX Vanguard ESG International Stock ETF 1.3 12 38 6.8 +20.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.3 35 15 6.0 +19.6
TMDV ProShares Russell US Dividend Growers ETF 1.3 35 15 6.5 +20.1
VEA Vanguard FTSE Developed Markets ETF 1.3 5 45 7.0 +20.6
DFAI Dimensional International Core Equity Market ETF 1.3 18 32 6.9 +20.5
DWM WisdomTree International Equity Fund 1.3 48 2 7.8 +21.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.3 39 11 7.3 +20.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 47 6.9 +20.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.2 40 10 7.8 +21.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 1.2 45 5 4.7 +18.3
DFSI Dimensional International Sustainability Core 1 ETF 1.2 24 26 6.2 +19.8
INTF iShares International Equity Factor ETF 1.2 15 35 7.8 +21.4
DFUV Dimensional US Marketwide Value ETF 1.2 22 28 7.6 +21.2
IDEV iShares Core MSCI International Developed Markets ETF 1.2 4 46 6.7 +20.3
IOO iShares Global 100 ETF 1.2 41 9 4.8 +18.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -18 6.6 +20.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.2 79 -29 5.1 +18.7
DGRO iShares Core Dividend Growth ETF 1.2 8 42 6.5 +20.1
SUSL iShares ESG MSCI USA Leaders ETF 1.2 10 40 5.1 +18.7
FVD First Trust Value Line Dividend Index Fund 1.1 65 -15 6.0 +19.6
SHE SPDR MSCI USA Gender Diversity ETF 1.1 20 30 5.0 +18.5
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -25 5.3 +18.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.1 20 30 6.9 +20.5
VOE Vanguard Mid-Cap Value ETF 1.1 7 43 7.4 +21.0
JHMD John Hancock Multifactor Developed International ETF 1.1 39 11 7.4 +21.0
MGK Vanguard Mega Cap Growth ETF 1.1 7 43 4.4 +18.0
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.1 15 35 7.0 +20.6
GDIV Harbor Dividend Growth Leaders ETF 1.1 50 0 6.0 +19.6
DFIV Dimensional International Value ETF 1.1 27 23 9.8 +23.4
CHGX AXS Change Finance ESG ETF 1.1 49 1 5.1 +18.6
GSFP Goldman Sachs Future Planet Equity ETF 1.1 75 -25 4.5 +18.1
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 -9 6.2 +19.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 8 42 7.2 +20.7
XLI Industrial Select Sector SPDR Fund 1.1 9 41 4.4 +17.9
DFNV Donoghue Forlines Innovation ETF 1.1 69 -19 5.0 +18.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 41 5.7 +19.3
DVND Touchstone Dividend Select ETF 1.0 67 -17 6.4 +19.9
WCEO Hypatia Women CEO ETF 1.0 85 -35 5.2 +18.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 1.0 25 25 5.8 +19.3
DFIC Dimensional International Core Equity 2 ETF 1.0 23 27 7.4 +21.0
SPLV Invesco S&P 500 Low Volatility ETF 1.0 25 25 5.7 +19.3
ALTL Pacer Lunt Large Cap Alternator ETF 1.0 60 -10 5.3 +18.9
IVE iShares S&P 500 Value ETF 1.0 18 32 6.6 +20.1
SPYV SPDR Portfolio S&P 500 Value ETF 1.0 4 46 6.7 +20.3
PEXL Pacer US Export Leaders ETF 1.0 60 -10 5.1 +18.7
FIDI Fidelity International High Dividend ETF 1.0 18 32 10.1 +23.7
ILCV iShares Morningstar Value ETF 1.0 4 46 6.7 +20.3
EQWL Invesco S&P 100 Equal Weight ETF 1.0 25 25 6.8 +20.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 9 6.7 +20.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -22 2.2 +15.7
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.0 65 -15 5.1 +18.7
VXUS Vanguard Total International Stock ETF 1.0 7 43 7.1 +20.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 16 6.7 +20.3
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 1.0 50 0 7.9 +21.4
IUSV iShares Core S&P US Value ETF 1.0 4 46 6.8 +20.4
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 20 6.8 +20.4
LRGF iShares U.S. Equity Factor ETF 1.0 8 42 5.8 +19.4
SPMO Invesco S&P 500 Momentum ETF 0.9 13 37 3.7 +17.3
VIS Vanguard Industrials ETF 0.9 10 40 4.5 +18.0
VSDA VictoryShares Dividend Accelerator ETF 0.9 35 15 6.1 +19.6
VUG Vanguard Growth ETF 0.9 4 46 4.3 +17.8
FKU First Trust United Kingdom AlphaDEX Fund 0.9 80 -30 7.5 +21.1
VOOG Vanguard S&P 500 Growth ETF 0.9 10 40 5.5 +19.0
DSTL Distillate US Fundamental Stability & Value ETF 0.9 39 11 7.8 +21.4
XLG Invesco S&P 500 Top 50 ETF 0.9 20 30 4.7 +18.3
URTH iShares MSCI World ETF 0.9 24 26 5.4 +19.0
FIDU Fidelity MSCI Industrial Index ETF 0.9 8 42 4.7 +18.3
NUDV Nuveen ESG Dividend ETF 0.9 26 24 7.5 +21.1
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 43 6.9 +20.5
KRUZ Unusual Whales Subversive Republican Trading ETF 0.8 75 -25 4.9 +18.5
STXG Strive 1000 Growth ETF 0.8 18 32 4.2 +17.8
ITAN Sparkline Intangible Value ETF 0.8 50 0 6.2 +19.7
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.8 60 -10 4.1 +17.6
XVV iShares ESG Screened S&P 500 ETF 0.8 8 42 5.1 +18.7
FJP First Trust Japan AlphaDEX Fund 0.8 80 -30 10.1 +23.7
ACWI iShares MSCI ACWI ETF 0.8 32 18 5.5 +19.0
CATH Global X S&P 500 Catholic Values Custom ETF 0.8 29 21 5.1 +18.7
VT Vanguard Total World Stock ETF 0.8 7 43 5.8 +19.4
DGT SPDR Global Dow ETF 0.8 50 0 6.7 +20.2
IWL iShares Russell Top 200 ETF 0.8 15 35 5.0 +18.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.8 20 30 5.1 +18.6
OEF iShares S&P 100 ETF 0.8 20 30 5.0 +18.6
FUNL CornerCap Fundametrics Large-Cap ETF 0.8 50 0 7.0 +20.5
HDV iShares Core High Dividend ETF 0.8 8 42 8.1 +21.6
MGC Vanguard Mega Cap ETF 0.8 7 43 5.1 +18.7
VOO Vanguard S&P 500 ETF 0.7 3 47 5.3 +18.9
SUSA iShares MSCI USA ESG Select ETF 0.7 25 25 5.4 +18.9
STRV Strive 500 ETF 0.7 5 45 5.2 +18.8
IVV iShares Core S&P 500 ETF 0.7 3 47 5.3 +18.8
SPY SPDR S&P 500 ETF Trust 0.7 9 41 5.2 +18.8
VV Vanguard Large-Cap ETF 0.7 4 46 5.2 +18.8
JAVA JPMorgan Active Value ETF 0.7 44 6 6.3 +19.9
SPLG SPDR Portfolio S&P 500 ETF 0.7 2 48 5.3 +18.9
FLLV Franklin U.S. Low Volatility ETF 0.7 29 21 5.9 +19.5
PBUS Invesco MSCI USA ETF 0.7 4 46 5.3 +18.8
ILCB iShares Morningstar U.S. Equity ETF 0.7 3 47 5.3 +18.8
IUS Invesco RAFI Strategic US ETF 0.7 19 31 7.3 +20.8
ESGV Vanguard ESG U.S. Stock ETF 0.7 9 41 5.1 +18.6
VONE Vanguard Russell 1000 ETF 0.7 8 42 5.2 +18.8
IWB iShares Russell 1000 ETF 0.7 15 35 5.1 +18.7
IYY iShares Dow Jones U.S. ETF 0.7 20 30 5.1 +18.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.7 3 47 5.4 +19.0
ESGU iShares ESG Aware MSCI USA ETF 0.7 15 35 5.2 +18.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.7 20 30 6.0 +19.5
DFUS Dimensional U.S. Equity ETF 0.7 9 41 5.1 +18.7
JEPI JPMorgan Equity Premium Income ETF 0.7 35 15 5.3 +18.8
IYJ iShares U.S. Industrials ETF 0.7 40 10 4.8 +18.4
SPVU Invesco S&P 500 Enhanced Value ETF 0.7 13 37 9.1 +22.7
VTI Vanguard Total Stock Market ETF 0.7 3 47 5.1 +18.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 20 7.8 +21.3
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -2 2.7 +16.3
VTHR Vanguard Russell 3000 ETF 0.7 10 40 5.1 +18.7
TRFM AAM Transformers ETF 0.7 49 1 1.3 +14.8
IWV iShares Russell 3000 ETF 0.7 20 30 5.0 +18.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.6 3 47 5.1 +18.7
RVRB Reverb ETF 0.6 30 20 5.0 +18.5
VYM Vanguard High Dividend Yield Index ETF 0.6 6 44 7.3 +20.9
FXN First Trust Energy AlphaDEX Fund 0.6 62 -12 3.4 +17.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.6 42 8 5.1 +18.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.6 11 39 5.2 +18.8
RSP Invesco S&P 500 Equal Weight ETF 0.6 20 30 6.2 +19.8
RAFE PIMCO RAFI ESG U.S. ETF 0.6 29 21 7.2 +20.7
ESGS Columbia U.S. ESG Equity Income ETF 0.6 35 15 6.3 +19.8
DFAU Dimensional US Core Equity Market ETF 0.6 12 38 5.4 +18.9
ETHO Etho Climate Leadership U.S. ETF 0.6 47 3 4.1 +17.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.6 30 20 6.8 +20.4
SFY SoFi Select 500 ETF 0.6 0 50 5.2 +18.7
APUE ActivePassive U.S. Equity ETF 0.6 45 5 5.0 +18.6
VO Vanguard Mid-Cap ETF 0.6 4 46 5.8 +19.4
EXI iShares Global Industrials ETF 0.6 42 8 4.7 +18.2
KRMA Global X Conscious Companies ETF 0.6 43 7 5.8 +19.4
LVOL American Century Low Volatility ETF 0.6 29 21 5.3 +18.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.6 12 38 4.5 +18.1
PRF Invesco FTSE RAFI US 1000 ETF 0.6 39 11 7.3 +20.8
MVPS Amplify Thematic All-Stars ETF 0.6 49 1 1.7 +15.2
VOOV Vanguard S&P 500 Value ETF 0.6 10 40 5.6 +19.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.6 65 -15 3.8 +17.4
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 30 2.1 +15.6
IWS iShares Russell Mid-Cap Value ETF 0.5 23 27 6.6 +20.2
TOK iShares MSCI Kokusai ETF 0.5 26 24 5.3 +18.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 33 5.7 +19.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -30 10.8 +24.3
VLUE iShares MSCI USA Value Factor ETF 0.5 15 35 10.7 +24.3
FVAL Fidelity Value Factor ETF 0.5 15 35 7.5 +21.0
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 41 6.2 +19.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 25 7.4 +21.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.5 39 11 7.6 +21.2
IVW iShares S&P 500 Growth ETF 0.5 18 32 4.5 +18.0
SPYG SPDR Portfolio S&P 500 Growth ETF 0.5 4 46 4.6 +18.2
VTV Vanguard Value ETF 0.5 4 46 7.0 +20.6
RWL Invesco S&P 500 Revenue ETF 0.5 39 11 6.6 +20.2
SMDV ProShares Russell 2000 Dividend Growers ETF 0.5 40 10 7.2 +20.8
IUSG iShares Core S&P U.S. Growth ETF 0.5 4 46 4.6 +18.2
SIZE iShares MSCI USA Size Factor ETF 0.5 15 35 6.0 +19.6
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 8 0.0 +13.6
VLU SPDR S&P 1500 Value Tilt ETF 0.4 12 38 7.1 +20.7
ENOR iShares MSCI Norway ETF 0.4 53 -3 7.6 +21.1
IMCV iShares Morningstar Mid-Cap Value ETF 0.4 6 44 7.9 +21.5
NORW Global X MSCI Norway ETF 0.4 50 0 7.5 +21.0
GLOF iShares Global Equity Factor ETF 0.4 20 30 7.1 +20.6
HDUS Hartford Disciplined US Equity ETF 0.4 19 31 6.2 +19.8
GSPY Gotham Enhanced 500 ETF 0.4 50 0 5.3 +18.9
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 35 6.1 +19.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -25 4.9 +18.5
DGRW WisdomTree US Quality Dividend Growth Fund 0.4 28 22 6.2 +19.7
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 46 6.7 +20.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 16 10.6 +24.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 41 6.0 +19.5
ILCG iShares Morningstar Growth ETF 0.4 4 46 4.1 +17.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.4 14 36 5.4 +19.0
QUS SPDR MSCI USA StrategicFactors ETF 0.4 15 35 6.1 +19.6
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 20 6.1 +19.6
GVLU Gotham 1000 Value ETF 0.4 50 0 7.4 +21.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -30 11.0 +24.6
ROUS Hartford Multifactor US Equity ETF 0.4 19 31 6.4 +20.0
AVDV Avantis International Small Cap Value ETF 0.4 36 14 8.0 +21.5
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 46 6.1 +19.7
CFA VictoryShares US 500 Volatility Wtd ETF 0.4 35 15 6.0 +19.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.4 40 10 5.9 +19.5
STXV Strive 1000 Value ETF 0.4 18 32 7.8 +21.4
IWR iShares Russell Midcap ETF 0.4 19 31 5.7 +19.3
AVLV Avantis U.S. Large Cap Value ETF 0.4 15 35 7.5 +21.0
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 22 6.2 +19.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 35 6.8 +20.4
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 38 8.4 +21.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 26 8.0 +21.5
USMF WisdomTree U.S. Multifactor Fund 0.4 28 22 6.9 +20.5
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -12 3.7 +17.2
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 -9 8.2 +21.7
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 3 4.8 +18.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 5 6.2 +19.8
MGV Vanguard Mega Cap Value ETF 0.3 7 43 6.8 +20.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 44 4.3 +17.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 32 7.6 +21.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 6.7 +20.3
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.2 +22.8
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 22 6.5 +20.1
JHML John Hancock Multifactor Large Cap ETF 0.3 29 21 5.6 +19.2
AFLG First Trust Active Factor Large Cap ETF 0.3 55 -5 6.2 +19.7
LRND IQ U.S. Large Cap R&D Leaders ETF 0.3 14 36 6.3 +19.9
UIVM VictoryShares International Value Momentum ETF 0.3 35 15 10.7 +24.2
DIVB iShares Core Dividend ETF 0.3 5 45 8.0 +21.6
JHID John Hancock International High Dividend ETF 0.3 46 4 11.5 +25.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 41 5.7 +19.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 11 8.9 +22.5
ACVF American Conservative Values ETF 0.3 75 -25 4.4 +17.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 25 7.1 +20.7
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 40 5.3 +18.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 30 5.6 +19.2
AVUS Avantis U.S. Equity ETF 0.3 15 35 6.0 +19.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 -9 5.6 +19.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 15 2.3 +15.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.3 20 30 5.1 +18.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 25 7.1 +20.7
NANC Unusual Whales Subversive Democratic Trading ETF 0.3 75 -25 3.8 +17.3
BFOR ALPS Barron's 400 ETF 0.3 65 -15 6.6 +20.1
CIL VictoryShares International Volatility Wtd ETF 0.3 45 5 6.9 +20.4
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.2 48 2 6.2 +19.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 41 5.3 +18.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.2 51 -1 6.8 +20.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 11 4.5 +18.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.2 36 14 4.8 +18.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 30 8.0 +21.5
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 35 7.9 +21.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 41 5.2 +18.7
NUSC Nuveen ESG Small-Cap ETF 0.2 31 19 5.2 +18.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 10 0.0 +13.6
EPS WisdomTree U.S. LargeCap Fund 0.2 8 42 6.3 +19.8
FDLO Fidelity Low Volatility Factor ETF 0.2 15 35 5.5 +19.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 46 5.7 +19.3
VEGN US Vegan Climate ETF 0.2 60 -10 4.7 +18.2
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.6 +20.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 41 5.3 +18.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 11 6.9 +20.5
XT iShares Exponential Technologies ETF 0.2 46 4 3.9 +17.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 43 5.2 +18.8
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 35 1.7 +15.3
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 5.3 +18.8
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 25 5.4 +19.0
IWO iShares Russell 2000 Growth ETF 0.2 24 26 1.4 +15.0
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 15 5.4 +19.0
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 32 5.7 +19.3
VOTE TCW Transform 500 ETF 0.2 5 45 5.2 +18.8
SCHK Schwab 1000 Index ETF 0.2 5 45 5.3 +18.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 5.3 +18.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 50 5.3 +18.8
STXK Strive Small-Cap ETF 0.2 18 32 5.5 +19.1
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 5.2 +18.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.2 58 -8 9.1 +22.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 44 2.5 +16.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 39 5.2 +18.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 41 5.0 +18.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -8 6.0 +19.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -17 9.2 +22.8
SQEW LeaderShares Equity Skew ETF 0.2 81 -31 6.1 +19.6
VBK Vanguard Small-Cap Growth ETF 0.2 7 43 1.5 +15.0
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 8 6.6 +20.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 30 7.1 +20.7
IWC iShares Micro-Cap ETF 0.2 60 -10 -4.3 +9.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 40 5.2 +18.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 13 8.7 +22.3
TMFC Motley Fool 100 Index ETF 0.2 50 0 4.0 +17.6
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -8 8.8 +22.4
EES WisdomTree U.S. SmallCap Fund 0.2 38 12 10.3 +23.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 12 8.1 +21.7
DFIS Dimensional International Small Cap ETF 0.2 39 11 6.7 +20.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 5.7 +19.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 41 5.8 +19.4
AUSF Global X Adaptive U.S. Factor ETF 0.1 27 23 9.0 +22.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.5 +19.1
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 1 5.0 +18.5
FLGB Franklin FTSE United Kingdom ETF 0.1 9 41 8.3 +21.9
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 7.7 +21.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 18 5.2 +18.7
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 20 6.6 +20.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 33 7.1 +20.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 21 6.3 +19.8
SSPY Syntax Stratified LargeCap ETF 0.1 30 20 6.5 +20.0
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 8.8 +22.3
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 37 2.8 +16.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.2 +20.8
SCHC Schwab International Small-Cap Equity ETF 0.1 11 39 6.4 +20.0
VTWO Vanguard Russell 2000 ETF 0.1 10 40 3.9 +17.4
IWM iShares Russell 2000 ETF 0.1 19 31 3.6 +17.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 32 6.3 +19.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 43 5.2 +18.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 43 5.8 +19.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 46 5.3 +18.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 0 10.5 +24.1
IWY iShares Russell Top 200 Growth ETF 0.1 20 30 4.9 +18.4
SCHA Schwab U.S. Small-Cap ETF 0.1 4 46 4.9 +18.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 33 5.4 +19.0
VB Vanguard Small-Cap ETF 0.1 5 45 5.4 +18.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 43 6.5 +20.1
VONG Vanguard Russell 1000 Growth ETF 0.1 8 42 4.8 +18.4
IWF iShares Russell 1000 Growth ETF 0.1 19 31 4.7 +18.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 31 6.5 +20.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.1 +19.6
VXF Vanguard Extended Market ETF 0.1 6 44 3.9 +17.5
IYE iShares U.S. Energy ETF 0.1 40 10 6.5 +20.1
DTH WisdomTree International High Dividend Fund 0.1 58 -8 10.1 +23.7
AVDE Avantis International Equity ETF 0.1 23 27 7.9 +21.4
SPEU SPDR Portfolio Europe ETF 0.1 7 43 6.6 +20.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 8.2 +21.8
IEUR iShares Core MSCI Europe ETF 0.1 11 39 -1.3 +12.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 9 7.8 +21.4
VGK Vanguard FTSE Europe ETF 0.0 11 39 6.8 +20.4
IEV iShares Europe ETF 0.0 67 -17 6.1 +19.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.0 35 15 7.5 +21.0
SCHM Schwab U.S. Mid-Cap ETF 0.0 4 46 6.3 +19.9
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 44 8.1 +21.7
SFYX SoFi Next 500 ETF 0.0 0 50 5.6 +19.2
FLEE Franklin FTSE Europe ETF 0.0 9 41 6.8 +20.4
HEDJ WisdomTree Europe Hedged Equity Fund 0.0 58 -8 8.4 +21.9
IWN iShares Russell 2000 Value ETF 0.0 24 26 5.6 +19.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 24 6.0 +19.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 7 10.9 +24.5
VTWV Vanguard Russell 2000 Value ETF 0.0 15 35 5.8 +19.4
SMMD iShares Russell 2500 ETF 0.0 15 35 6.0 +19.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 22 8.2 +21.8
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 7.7 +21.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 39 7.7 +21.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 8.6 +22.1
VBR Vanguard Small Cap Value ETF 0.0 7 43 8.2 +21.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 7.1 +20.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.9 +17.5
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 7.5 +21.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 14 7.5 +21.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 9.6 +23.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 35 4.9 +18.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.2 +19.8
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 0 4.9 +18.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 25 6.8 +20.4
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 46 4.3 +17.9
HKND Humankind US Stock ETF 0.0 11 39 7.0 +20.5
TGRW T. Rowe Price Growth Stock ETF 0.0 52 -2 4.2 +17.7
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 25 10.0 +23.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 30 6.7 +20.3
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 9.1 +22.6

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 -18.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -13.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.50
 
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.