Global X Hydrogen ETF
ALTAR
Score™		 -15.6% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -8.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.2x Div.
yield		 0.5%


  • 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) $37
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 26
Wgt avg mkt cap (mns) $9,471
Large cap (>$10bn) 9.0%
Mid cap ($2-10bn) 3.2%
Small cap (<$2bn) 84.1%
Developed mkts 90.4%
Emerging mkts 9.6%

TOP TEN HOLDINGS
BLOOM ENERGY CORPORATION CLASS A 26.7 %
NEL ASA 9.0 %
PLUG POWER INC 8.9 %
CERES POWER HOLDINGS PLC 5.3 %
POWERCELL SWEDEN AB 5.1 %
BALLARD POWER SYSTEMS INC 4.9 %
ILJIN HYSOLUS CO., LTD. 4.2 %
SFC ENERGY AG 4.1 %
DOOSAN FUEL CELL CO., LTD. 4.0 %
ITM POWER PLC 3.7 %
Total 75.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 44.0 %
BRITAIN 13.3 %
NORWAY 10.8 %
SOUTH KOREA 9.1 %
CANADA 5.7 %
SWEDEN 5.1 %
GERMANY 4.1 %
CHINA 3.1 %
JAPAN 2.0 %
FRANCE 1.3 %

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.
-39.2% -30.7% -- -- -41.4%

Market Correlations
versus... Beta R-squared
S&P500 1.70 38%
MSCI EAFE 1.87 48%
MSCI Emg. Mkts. 1.62 35%

Technical Indicators
Recent close $23.33
30d moving avg. $23.21
Annualized volatility 47.7%
Short interest (ETF) 1.2%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 32
Turnover 2.0%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $1,489

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 468 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™: -15.6%


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 61.6 30 20 -21.5 -6.0
CTEC Global X CleanTech ETF 18.4 50 0 2.9 +18.4
CNRG SPDR S&P Kensho Clean Power ETF 10.7 45 5 2.8 +18.4
IBAT iShares Energy Storage & Materials ETF 8.0 47 3 3.1 +18.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 6.6 45 5 -0.6 +15.0
PBD Invesco Global Clean Energy ETF 6.6 75 -25 -5.3 +10.3
BEEZ Honeytree U.S. Equity ETF 6.4 64 -14 4.7 +20.2
DRIV Global X Autonomous & Electric Vehicles ETF 6.2 68 -18 4.8 +20.4
BATT Amplify Lithium & Battery Technology ETF 5.1 59 -9 -0.1 +15.4
HAIL SPDR S&P Kensho Smart Mobility ETF 4.8 45 5 -3.0 +12.5
FRNW Fidelity Clean Energy ETF 4.8 39 11 2.6 +18.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 4.5 39 11 -1.7 +13.9
DIVL Madison Dividend Value ETF 4.4 65 -15 5.5 +21.1
PBW Invesco WilderHill Clean Energy ETF 4.4 66 -16 -13.7 +1.8
FTDS First Trust Dividend Strength ETF 4.0 70 -20 8.1 +23.7
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 3.8 58 -8 -3.0 +12.6
MADE iShares U.S. Manufacturing ETF 3.7 40 10 5.5 +21.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.6 45 5 -6.9 +8.6
RNEW VanEck Green Infrastructure ETF 3.4 45 5 -1.5 +14.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.4 70 -20 3.8 +19.4
TBG TBG Dividend Focus ETF 3.3 59 -9 6.8 +22.3
MDLV Morgan Dempsey Large Cap Value ETF 3.2 58 -8 7.8 +23.4
MXI iShares Global Materials ETF 3.2 41 9 7.0 +22.5
FMAT Fidelity MSCI Materials Index ETF 3.1 8 42 6.4 +22.0
FXZ First Trust Materials AlphaDEX Fund 3.1 61 -11 11.3 +26.8
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 3.1 60 -10 5.2 +20.7
RSPM Invesco S&P 500 Equal Weight Materials ETF 3.1 40 10 7.9 +23.4
IYM iShares U.S. Basic Materials ETF 3.1 40 10 6.7 +22.3
XLB Materials Select Sector SPDR Fund 3.1 9 41 6.2 +21.7
DIVZ TrueShares Low Volatility Equity Income ETF 3.1 65 -15 7.2 +22.7
VAW Vanguard Materials ETF 3.1 10 40 6.3 +21.9
BNE Blue Horizon BNE ETF 2.9 87 -37 4.6 +20.1
ETEC iShares Breakthrough Environmental Solutions ETF 2.7 47 3 8.0 +23.5
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.6 60 -10 8.3 +23.9
FIXT Procure Disaster Recovery Strategy ETF 2.5 75 -25 5.8 +21.4
CLNR IQ Cleaner Transport ETF 2.5 45 5 6.8 +22.4
ACES ALPS Clean Energy ETF 2.4 55 -5 -4.4 +11.2
DTAN Sparkline International Intangible Value ETF 2.4 55 -5 9.2 +24.7
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 2.3 56 -6 5.9 +21.5
SDOG ALPS Sector Dividend Dogs ETF 2.3 36 14 9.2 +24.8
POWA Invesco Bloomberg Pricing Power ETF 2.3 40 10 5.6 +21.2
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.2 49 1 10.4 +25.9
USRD Themes US R&D Champions ETF 2.2 29 21 7.0 +22.5
SPDV AAM S&P 500 High Dividend Value ETF 2.2 29 21 9.6 +25.2
MOTO SmartETFs Smart Transportation & Technology ETF 2.1 68 -18 7.3 +22.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.1 79 -29 5.1 +20.6
QDIV Global X S&P 500 Quality Dividend ETF 2.1 20 30 7.5 +23.1
VPL Vanguard FTSE Pacific ETF 2.1 8 42 7.7 +23.3
BBJP JPMorgan BetaBuilders Japan ETF 2.0 19 31 7.8 +23.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 2.0 47 3 7.4 +22.9
DXJ WisdomTree Japan Hedged Equity Fund 2.0 48 2 8.5 +24.1
FLJH Franklin FTSE Japan Hedged ETF 2.0 9 41 7.7 +23.2
FLJP Franklin FTSE Japan ETF 2.0 9 41 7.8 +23.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.0 25 25 8.6 +24.1
EWJ iShares MSCI Japan ETF 2.0 50 0 8.0 +23.5
EWJV iShares MSCI Japan Value ETF 2.0 15 35 10.2 +25.7
IPAC iShares Core MSCI Pacific ETF 2.0 9 41 7.2 +22.8
RXI iShares Global Consumer Discretionary ETF 2.0 41 9 5.4 +20.9
PATN Pacer Nasdaq International Patent Leaders ETF 2.0 65 -15 6.5 +22.0
BLCR iShares Large Cap Core Active ETF 2.0 36 14 4.9 +20.4
BGIG Bahl & Gaynor Income Growth ETF 2.0 45 5 5.0 +20.6
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 1 9.5 +25.1
SMOG VanEck Low Carbon Energy ETF 1.9 61 -11 2.4 +17.9
IQSI IQ Candriam International Equity ETF 1.9 15 35 6.6 +22.2
LEAD Siren DIVCON Leaders Dividend ETF 1.9 43 7 5.1 +20.7
IVLU iShares MSCI Intl Value Factor ETF 1.9 30 20 11.4 +27.0
RUNN Running Oak Efficient Growth ETF 1.8 58 -8 4.5 +20.1
GSFP Goldman Sachs Future Planet Equity ETF 1.8 75 -25 4.2 +19.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.7 35 15 6.6 +22.2
NTZG Nuveen Global Net Zero Transition ETF 1.7 56 -6 4.7 +20.3
LVOL American Century Low Volatility ETF 1.7 29 21 4.9 +20.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 15 5.8 +21.4
PWV Invesco Large Cap Value ETF 1.6 55 -5 6.9 +22.4
VYMI Vanguard International High Dividend Yield ETF 1.6 22 28 9.8 +25.4
VSDA VictoryShares Dividend Accelerator ETF 1.6 35 15 6.7 +22.3
EFG iShares MSCI EAFE Growth ETF 1.5 36 14 4.5 +20.1
GDIV Harbor Dividend Growth Leaders ETF 1.4 50 0 5.8 +21.3
EQUL IQ Engender Equality ETF 1.4 45 5 5.7 +21.3
IQIN IQ 500 International ETF 1.4 25 25 9.2 +24.7
RSPN Invesco S&P 500 Equal Weight Industrials ETF 1.4 40 10 4.1 +19.6
BLCV iShares Large Cap Value Active ETF 1.4 53 -3 8.1 +23.7
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 4 5.6 +21.2
TMDV ProShares Russell US Dividend Growers ETF 1.4 35 15 5.9 +21.5
STXI Strive International Developed Markets ETF 1.3 29 21 6.9 +22.4
ICLN iShares Global Clean Energy ETF 1.3 41 9 6.0 +21.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 -10 7.7 +23.3
DIVI Franklin International Core Dividend Tilt Index ETF 1.3 9 41 8.1 +23.7
DFIV Dimensional International Value ETF 1.3 27 23 10.0 +25.5
DVND Touchstone Dividend Select ETF 1.3 67 -17 5.8 +21.3
JIRE JPMorgan International Research Enhanced Equity ETF 1.3 24 26 7.1 +22.7
DIHP Dimensional International High Profitability ETF 1.3 29 21 7.6 +23.2
JHMD John Hancock Multifactor Developed International ETF 1.3 39 11 7.8 +23.3
DOL WisdomTree International LargeCap Dividend Fund 1.3 48 2 7.9 +23.5
FNDF Schwab Fundamental International Large Co. Index ETF 1.3 25 25 9.9 +25.4
YLDE ClearBridge Dividend Strategy ESG ETF 1.3 60 -10 4.9 +20.5
RSPE Invesco ESG S&P 500 Equal Weight ETF 1.3 20 30 6.4 +21.9
HAPY Harbor Human Capital Factor Unconstrained ETF 1.3 50 0 4.4 +20.0
CGUS Capital Group Core Equity ETF 1.3 33 17 4.4 +20.0
MOTE VanEck Morningstar ESG Moat ETF 1.3 49 1 5.2 +20.7
GSID Goldman Sachs MarketBeta International Equity ETF 1.3 20 30 7.0 +22.5
GMET VanEck Green Metals ETF 1.3 63 -13 10.7 +26.2
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.2 15 35 6.9 +22.5
JPXN iShares JPX-Nikkei 400 ETF 1.2 48 2 8.7 +24.2
DFLV Dimensional US Large Cap Value ETF 1.2 22 28 7.4 +23.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.2 20 30 6.5 +22.1
WRND IQ Global Equity R&D Leaders ETF 1.2 18 32 7.5 +23.1
HFXI IQ FTSE International Equity Currency Neutral ETF 1.2 20 30 7.1 +22.6
ONEY SPDR Russell 1000 Yield Focus ETF 1.2 20 30 9.3 +24.8
SDY SPDR S&P Dividend ETF 1.2 35 15 5.9 +21.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.2 72 -22 1.0 +16.5
XLI Industrial Select Sector SPDR Fund 1.2 9 41 4.2 +19.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.2 36 14 6.6 +22.1
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 1.2 12 38 5.3 +20.8
BKIE BNY Mellon International Equity ETF 1.1 4 46 7.1 +22.6
EFA iShares MSCI EAFE ETF 1.1 35 15 6.9 +22.5
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 1.1 69 -19 8.1 +23.7
VOE Vanguard Mid-Cap Value ETF 1.1 7 43 6.9 +22.5
DURA VanEck Durable High Dividend ETF 1.1 29 21 7.4 +23.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 30 6.9 +22.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.1 45 5 8.9 +24.5
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.1 65 -15 4.7 +20.3
VIS Vanguard Industrials ETF 1.0 10 40 4.2 +19.8
SCHF Schwab International Equity ETF 1.0 6 44 7.5 +23.0
IEFA iShares Core MSCI EAFE ETF 1.0 7 43 7.1 +22.7
SPDW SPDR Portfolio Developed World ex-US ETF 1.0 3 47 7.2 +22.7
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 11 7.6 +23.1
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.0 55 -5 2.9 +18.4
DWM WisdomTree International Equity Fund 1.0 48 2 8.0 +23.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 11 7.4 +23.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.0 40 10 7.9 +23.5
FVD First Trust Value Line Dividend Index Fund 1.0 65 -15 6.3 +21.8
VEA Vanguard FTSE Developed Markets ETF 0.9 5 45 7.3 +22.9
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.9 50 0 7.6 +23.2
VWID Virtus WMC International Dividend ETF 0.9 49 1 9.6 +25.1
DFAI Dimensional International Core Equity Market ETF 0.9 18 32 7.3 +22.8
VSGX Vanguard ESG International Stock ETF 0.9 12 38 6.8 +22.3
NUDV Nuveen ESG Dividend ETF 0.9 26 24 7.0 +22.5
INTF iShares International Equity Factor ETF 0.9 15 35 8.2 +23.7
FIDU Fidelity MSCI Industrial Index ETF 0.9 8 42 4.5 +20.0
EVUS iShares ESG Aware MSCI USA Value ETF 0.9 18 32 6.4 +22.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 30 6.9 +22.5
FMDE Fidelity Enhanced Mid Cap ETF 0.9 23 27 6.0 +21.5
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 46 7.1 +22.7
DFIC Dimensional International Core Equity 2 ETF 0.9 23 27 7.7 +23.3
ITAN Sparkline Intangible Value ETF 0.9 50 0 5.9 +21.5
INCE Franklin Income Equity Focus ETF 0.8 29 21 5.7 +21.2
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 26 6.5 +22.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.8 14 36 5.0 +20.6
ETHO Etho Climate Leadership U.S. ETF 0.8 47 3 3.4 +19.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.8 5 45 7.3 +22.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 -9 5.8 +21.3
EFV iShares MSCI EAFE Value ETF 0.8 34 16 9.4 +25.0
IOO iShares Global 100 ETF 0.8 41 9 4.8 +20.4
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 11 7.8 +23.4
FIDI Fidelity International High Dividend ETF 0.8 18 32 10.9 +26.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF 0.8 35 15 7.6 +23.2
JAVA JPMorgan Active Value ETF 0.8 44 6 5.7 +21.3
STXD Strive 1000 Dividend Growth ETF 0.7 35 15 5.2 +20.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF 0.7 38 12 7.6 +23.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 42 7.3 +22.8
RND First Trust Bloomberg R&D Leaders ETF 0.7 60 -10 3.5 +19.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.7 30 20 7.9 +23.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 9 7.4 +23.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.7 20 30 7.6 +23.1
IYJ iShares U.S. Industrials ETF 0.7 40 10 4.5 +20.1
DFUV Dimensional US Marketwide Value ETF 0.7 22 28 7.2 +22.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 32 7.0 +22.6
FENI Fidelity Enhanced International ETF 0.7 28 22 8.1 +23.6
SNPV Xtrackers S&P 500 Value ESG ETF 0.7 15 35 6.4 +21.9
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 20 6.9 +22.5
DGRO iShares Core Dividend Growth ETF 0.7 8 42 6.3 +21.9
VXUS Vanguard Total International Stock ETF 0.7 7 43 7.2 +22.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 16 7.0 +22.5
SUSA iShares MSCI USA ESG Select ETF 0.7 25 25 5.0 +20.6
EXI iShares Global Industrials ETF 0.7 42 8 4.5 +20.1
VYM Vanguard High Dividend Yield Index ETF 0.7 6 44 6.8 +22.3
DGT SPDR Global Dow ETF 0.7 50 0 6.8 +22.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.7 12 38 5.9 +21.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 20 8.0 +23.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 30 1.0 +16.6
VIG Vanguard Dividend Appreciation ETF 0.6 6 44 5.6 +21.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 41 5.4 +20.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 -9 3.9 +19.4
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 43 7.2 +22.7
AVLV Avantis U.S. Large Cap Value ETF 0.6 15 35 7.1 +22.7
WCEO Hypatia Women CEO ETF 0.6 85 -35 4.2 +19.8
VLUE iShares MSCI USA Value Factor ETF 0.6 15 35 10.2 +25.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.6 6 44 4.0 +19.5
VO Vanguard Mid-Cap ETF 0.6 4 46 5.3 +20.9
USXF iShares ESG Advanced MSCI USA ETF 0.6 10 40 5.0 +20.6
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 32 6.4 +22.0
SPHQ Invesco S&P 500 Quality ETF 0.6 15 35 5.7 +21.3
GLBL Pacer MSCI World Industry Advantage ETF 0.6 65 -15 4.7 +20.3
VOOV Vanguard S&P 500 Value ETF 0.6 10 40 6.3 +21.9
IVE iShares S&P 500 Value ETF 0.6 18 32 6.3 +21.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.6 4 46 6.4 +21.9
KRMA Global X Conscious Companies ETF 0.6 43 7 5.7 +21.3
DEUS Xtrackers Russell US Multifactor ETF 0.6 17 33 6.9 +22.4
TRFM AAM Transformers ETF 0.6 49 1 2.0 +17.5
IWS iShares Russell Mid-Cap Value ETF 0.5 23 27 6.2 +21.8
HLAL Wahed FTSE USA Shariah ETF 0.5 50 0 4.9 +20.4
VTV Vanguard Value ETF 0.5 4 46 6.6 +22.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.5 75 -25 4.7 +20.2
IUSV iShares Core S&P US Value ETF 0.5 4 46 6.4 +22.0
INEQ Columbia International Equity Income ETF 0.5 45 5 6.6 +22.2
PFM Invesco Dividend Achievers ETF 0.5 53 -3 5.3 +20.9
FVAL Fidelity Value Factor ETF 0.5 15 35 7.1 +22.6
AFLG First Trust Active Factor Large Cap ETF 0.5 55 -5 5.8 +21.4
RAFE PIMCO RAFI ESG U.S. ETF 0.5 29 21 7.2 +22.7
NIXT Research Affiliates Deletions ETF 0.5 9 41 5.2 +20.8
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.5 61 -11 6.0 +21.6
RAYD Rayliant Quantitative Developed Market Equity ETF 0.5 80 -30 3.8 +19.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 30 6.8 +22.3
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 46 6.4 +22.0
REVS Columbia Research Enhanced Value ETF 0.5 19 31 7.4 +22.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 8 5.1 +20.7
AVDV Avantis International Small Cap Value ETF 0.5 36 14 8.1 +23.7
IWD iShares Russell 1000 Value ETF 0.5 19 31 6.1 +21.7
VONV Vanguard Russell 1000 Value ETF 0.5 8 42 6.3 +21.8
ESGU iShares ESG Aware MSCI USA ETF 0.5 15 35 5.0 +20.6
BFOR ALPS Barron's 400 ETF 0.5 65 -15 5.6 +21.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 25 7.2 +22.8
GINN Goldman Sachs Innovate Equity ETF 0.5 52 -2 2.8 +18.3
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 30 6.1 +21.6
SUSL iShares ESG MSCI USA Leaders ETF 0.4 10 40 5.1 +20.7
DSI iShares MSCI KLD 400 Social ETF 0.4 25 25 5.0 +20.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 7.0 +22.5
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 46 5.7 +21.2
URTH iShares MSCI World ETF 0.4 24 26 5.2 +20.7
DFVX Dimensional US Large Cap Vector ETF 0.4 22 28 6.1 +21.6
IWX iShares Russell Top 200 Value ETF 0.4 20 30 6.0 +21.6
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -10 4.0 +19.5
FUNL CornerCap Fundametrics Large-Cap ETF 0.4 50 0 6.7 +22.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 38 6.2 +21.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 41 5.8 +21.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.4 28 22 6.0 +21.6
IWR iShares Russell Midcap ETF 0.4 19 31 5.4 +21.0
MGV Vanguard Mega Cap Value ETF 0.4 7 43 6.4 +22.0
STXV Strive 1000 Value ETF 0.4 18 32 7.5 +23.1
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 3 5.0 +20.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.4 35 15 5.6 +21.2
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.4 40 10 5.6 +21.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.4 30 20 7.3 +22.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 40 5.1 +20.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 26 7.3 +22.9
ACWI iShares MSCI ACWI ETF 0.4 32 18 5.3 +20.8
VT Vanguard Total World Stock ETF 0.4 7 43 5.5 +21.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.4 45 5 4.7 +20.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.4 30 20 4.7 +20.3
SIZE iShares MSCI USA Size Factor ETF 0.4 15 35 5.6 +21.1
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 41 5.7 +21.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -9 5.6 +21.1
FTA First Trust Large Cap Value AlphaDEX Fund 0.4 59 -9 8.2 +23.8
AVUS Avantis U.S. Equity ETF 0.4 15 35 5.6 +21.2
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 8 6.4 +22.0
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 22 5.7 +21.3
VTWV Vanguard Russell 2000 Value ETF 0.4 15 35 4.9 +20.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 32 7.2 +22.8
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 38 7.8 +23.3
QUAL iShares MSCI USA Quality Factor ETF 0.3 15 35 5.3 +20.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -30 9.1 +24.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -12 3.6 +19.2
ROUS Hartford Multifactor US Equity ETF 0.3 19 31 6.5 +22.1
USMF WisdomTree U.S. Multifactor Fund 0.3 28 22 7.1 +22.7
ENOR iShares MSCI Norway ETF 0.3 53 -3 7.5 +23.1
NORW Global X MSCI Norway ETF 0.3 50 0 7.6 +23.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 15 5.1 +20.7
VTWO Vanguard Russell 2000 ETF 0.3 10 40 2.9 +18.4
JHML John Hancock Multifactor Large Cap ETF 0.3 29 21 5.3 +20.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 11 7.5 +23.1
CCMG CCM Global Equity ETF 0.3 34 16 7.6 +23.1
ILCV iShares Morningstar Value ETF 0.3 4 46 6.2 +21.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.3 29 21 4.3 +19.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 30 6.3 +21.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 5 5.7 +21.2
LRND IQ U.S. Large Cap R&D Leaders ETF 0.3 14 36 6.1 +21.6
GSPY Gotham Enhanced 500 ETF 0.3 50 0 5.2 +20.8
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 11 6.8 +22.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.3 15 35 4.9 +20.5
IWO iShares Russell 2000 Growth ETF 0.3 24 26 0.6 +16.1
DTD WisdomTree U.S. Total Dividend Fund 0.3 28 22 6.0 +21.5
SPXT ProShares S&P 500 Ex-Technology ETF 0.3 9 41 5.3 +20.8
IUS Invesco RAFI Strategic US ETF 0.3 19 31 6.8 +22.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.3 25 25 6.8 +22.4
ROSC Hartford Multifactor Small Cap ETF 0.3 34 16 8.6 +24.2
SMDV ProShares Russell 2000 Dividend Growers ETF 0.3 40 10 6.4 +22.0
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 73 -23 7.8 +23.3
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 35 0.7 +16.2
DIVB iShares Core Dividend ETF 0.3 5 45 7.5 +23.0
RWL Invesco S&P 500 Revenue ETF 0.3 39 11 6.7 +22.3
ACVF American Conservative Values ETF 0.3 75 -25 4.2 +19.7
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 40 5.1 +20.6
FBCV Fidelity Blue Chip Value ETF 0.3 59 -9 7.0 +22.5
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 44 7.5 +23.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.3 25 25 6.8 +22.3
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 38 6.7 +22.2
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.1 +24.7
FMIL Fidelity New Millennium ETF 0.3 59 -9 4.8 +20.3
SCHC Schwab International Small-Cap Equity ETF 0.3 11 39 6.6 +22.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 21 4.9 +20.5
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 20 5.9 +21.5
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 25 5.4 +20.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.3 20 30 4.9 +20.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 -17 8.6 +24.1
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 40 5.4 +21.0
XVV iShares ESG Screened S&P 500 ETF 0.3 8 42 4.9 +20.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 46 4.8 +20.3
AVSU Avantis Responsible U.S. Equity ETF 0.3 15 35 6.1 +21.6
UIVM VictoryShares International Value Momentum ETF 0.3 35 15 11.0 +26.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 11 7.2 +22.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 -11 4.6 +20.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.3 9 41 5.1 +20.6
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 14 4.6 +20.1
FDRR Fidelity Dividend ETF for Rising Rates 0.3 15 35 7.4 +23.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 30 4.8 +20.4
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 30 4.9 +20.5
IVV iShares Core S&P 500 ETF 0.2 3 47 5.0 +20.6
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 48 5.0 +20.6
SPY SPDR S&P 500 ETF Trust 0.2 9 41 5.0 +20.5
VOO Vanguard S&P 500 ETF 0.2 3 47 5.0 +20.6
VV Vanguard Large-Cap ETF 0.2 4 46 4.9 +20.4
FDLO Fidelity Low Volatility Factor ETF 0.2 15 35 5.3 +20.8
FESM Fidelity Enhanced Small Cap ETF 0.2 28 22 1.7 +17.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 41 4.7 +20.2
STRV Strive 500 ETF 0.2 5 45 4.9 +20.5
PBUS Invesco MSCI USA ETF 0.2 4 46 5.0 +20.5
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 47 4.9 +20.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 31 6.2 +21.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 41 4.9 +20.5
JHID John Hancock International High Dividend ETF 0.2 46 4 11.3 +26.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.2 49 1 10.2 +25.7
EPS WisdomTree U.S. LargeCap Fund 0.2 8 42 5.9 +21.4
VTI Vanguard Total Stock Market ETF 0.2 3 47 4.7 +20.3
RSSL Global X Russell 2000 ETF 0.2 8 42 2.6 +18.1
VTHR Vanguard Russell 3000 ETF 0.2 10 40 4.7 +20.3
IWM iShares Russell 2000 ETF 0.2 19 31 2.8 +18.3
VEGN US Vegan Climate ETF 0.2 60 -10 4.5 +20.1
IWB iShares Russell 1000 ETF 0.2 15 35 4.8 +20.4
IWV iShares Russell 3000 ETF 0.2 20 30 4.7 +20.2
VONE Vanguard Russell 1000 ETF 0.2 8 42 4.9 +20.4
DFUS Dimensional U.S. Equity ETF 0.2 9 41 4.9 +20.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 4.8 +20.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 43 4.9 +20.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 41 4.9 +20.4
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 5.0 +20.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 47 5.1 +20.7
IYY iShares Dow Jones U.S. ETF 0.2 20 30 4.8 +20.3
RVRB Reverb ETF 0.2 30 20 4.7 +20.2
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 35 5.7 +21.3
SCHK Schwab 1000 Index ETF 0.2 5 45 5.0 +20.5
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 4.9 +20.4
DFAU Dimensional US Core Equity Market ETF 0.2 12 38 5.0 +20.6
VBK Vanguard Small-Cap Growth ETF 0.2 7 43 1.1 +16.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 50 5.0 +20.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 5.2 +20.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 44 2.3 +17.8
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 -5 4.7 +20.3
EES WisdomTree U.S. SmallCap Fund 0.2 38 12 9.1 +24.6
STXK Strive Small-Cap ETF 0.2 18 32 5.0 +20.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 33 5.3 +20.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 15 1.9 +17.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 11 4.1 +19.6
APUE ActivePassive U.S. Equity ETF 0.2 45 5 4.8 +20.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 5.0 +20.5
VOTE TCW Transform 500 ETF 0.2 5 45 4.9 +20.5
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 25 4.7 +20.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -8 6.5 +22.1
HDUS Hartford Disciplined US Equity ETF 0.2 19 31 5.9 +21.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.2 58 -8 9.2 +24.8
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 12 6.8 +22.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 39 4.9 +20.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 43 6.7 +22.2
TMFC Motley Fool 100 Index ETF 0.2 50 0 3.7 +19.2
TOK iShares MSCI Kokusai ETF 0.2 26 24 5.0 +20.6
DCOR Dimensional US Core Equity 1 ETF 0.2 14 36 5.3 +20.9
NUSC Nuveen ESG Small-Cap ETF 0.2 31 19 5.0 +20.6
RECS Columbia Research Enhanced Core ETF 0.2 15 35 5.5 +21.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 13 8.9 +24.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 10 6.6 +22.1
OPTZ Optimize Strategy Index ETF 0.2 50 0 2.9 +18.5
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 32 5.4 +21.0
MGC Vanguard Mega Cap ETF 0.2 7 43 4.8 +20.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 18 4.8 +20.4
AFSM First Trust Active Factor Small Cap ETF 0.2 75 -25 6.3 +21.9
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 1 5.0 +20.5
IWL iShares Russell Top 200 ETF 0.2 15 35 4.7 +20.3
GVLU Gotham 1000 Value ETF 0.2 50 0 7.4 +23.0
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 41 4.8 +20.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 35 5.9 +21.4
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 8 6.1 +21.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 0 13.0 +28.5
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.5 +22.0
OUSA ALPS O'Shares U.S. Quality Dividend ETF 0.2 48 2 5.9 +21.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 41 5.2 +20.8
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -8 7.7 +23.3
ISMD Inspire Small/Mid Cap ETF 0.2 54 -4 5.3 +20.8
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 37 2.1 +17.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 38 4.5 +20.1
IWC iShares Micro-Cap ETF 0.1 60 -10 -4.9 +10.7
SFY SoFi Select 500 ETF 0.1 0 50 4.5 +20.0
FLGB Franklin FTSE United Kingdom ETF 0.1 9 41 7.9 +23.4
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -8 8.8 +24.4
STXG Strive 1000 Growth ETF 0.1 18 32 4.1 +19.6
IWN iShares Russell 2000 Value ETF 0.1 24 26 4.8 +20.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 42 5.0 +20.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.7 +23.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 46 4.8 +20.3
ILCG iShares Morningstar Growth ETF 0.1 4 46 3.9 +19.5
SSPY Syntax Stratified LargeCap ETF 0.1 30 20 6.3 +21.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 33 4.7 +20.2
VXF Vanguard Extended Market ETF 0.1 6 44 3.5 +19.0
SCHA Schwab U.S. Small-Cap ETF 0.1 4 46 4.4 +20.0
DFIS Dimensional International Small Cap ETF 0.1 39 11 6.9 +22.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 43 5.0 +20.5
CIL VictoryShares International Volatility Wtd ETF 0.1 45 5 7.0 +22.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.1 51 -1 7.1 +22.7
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 1 5.6 +21.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 39 4.8 +20.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 21 6.4 +21.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -25 4.3 +19.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 9.1 +24.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 16 5.9 +21.4
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 8 4.5 +20.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -25 3.9 +19.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 41 3.3 +18.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 41 5.4 +21.0
VB Vanguard Small-Cap ETF 0.1 5 45 4.9 +20.5
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 25 8.8 +24.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 15 6.6 +22.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -30 10.8 +26.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 43 5.3 +20.9
GLOF iShares Global Equity Factor ETF 0.1 20 30 7.0 +22.6
HKND Humankind US Stock ETF 0.1 11 39 7.1 +22.7
FELG Fidelity Enhanced Large Cap Growth ETF 0.1 18 32 4.6 +20.2
DTH WisdomTree International High Dividend Fund 0.1 58 -8 10.1 +25.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 7.8 +23.4
AVDE Avantis International Equity ETF 0.1 23 27 8.1 +23.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 7.4 +23.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 11 5.8 +21.3
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 44 7.2 +22.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 5.6 +21.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 30 4.6 +20.1
AVSD Avantis Responsible International Equity ETF 0.1 23 27 7.1 +22.6
SPEU SPDR Portfolio Europe ETF 0.0 7 43 7.1 +22.6
VGK Vanguard FTSE Europe ETF 0.0 11 39 7.1 +22.6
IEV iShares Europe ETF 0.0 67 -17 6.6 +22.2
IEUR iShares Core MSCI Europe ETF 0.0 11 39 7.1 +22.6
DFEV Dimensional Emerging Markets Value ETF 0.0 43 7 11.1 +26.6
FLEE Franklin FTSE Europe ETF 0.0 9 41 7.2 +22.7
HEDJ WisdomTree Europe Hedged Equity Fund 0.0 58 -8 9.5 +25.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 8.7 +24.2
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 7.3 +22.9
DFAS Dimensional U.S. Small Cap ETF 0.0 26 24 5.5 +21.1
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 7.5 +23.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 11.3 +26.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 39 8.4 +23.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 14 7.8 +23.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.5 +22.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 22 7.8 +23.3
VBR Vanguard Small Cap Value ETF 0.0 7 43 7.8 +23.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.8 +19.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 10.2 +25.8
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 0 4.8 +20.3
TGRW T. Rowe Price Growth Stock ETF 0.0 52 -2 3.7 +19.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 5.0 +20.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 25 6.0 +21.5
DFSV Dimensional US Small Cap Value ETF 0.0 31 19 8.3 +23.8
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 8.9 +24.4

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 -19.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -15.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.53
 
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.