Global X Infrastructure Development ex-U.S. ETF
ALTAR
Score™		 9.7% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 13.5x P/Sales
ratio		 0.7x
P/BV
ratio		 1.3x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com/ipav
Inception date Aug 27, 2024
Assets (mns) $2
Currency USD
Expense ratio 55 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $23,587
Large cap (>$10bn) 63.5%
Mid cap ($2-10bn) 32.5%
Small cap (<$2bn) 4.0%
Developed mkts 66.6%
Emerging mkts 33.5%

TOP TEN HOLDINGS
HEIDELBERGCEMENT AG 3.7 %
HOLCIM LTD-REG 3.7 %
ULTRATECH CEMENT LTD 3.4 %
PRYSMIAN SPA 3.3 %
LARSEN & TOUBRO LIMITED 3.2 %
SHIN-ETSU CHEMICAL CO LTD 3.1 %
GRUPO FERROVIAL 3.1 %
NIPPON STEEL CORP 3.1 %
CANADIAN PACIFIC KANSAS CITY LTD 2.9 %
KOMATSU LTD 2.9 %
Total 32.5 %

TOP COUNTRY EXPOSURE
INDIA 21.1 %
JAPAN 13.6 %
CANADA 8.0 %
SPAIN 7.3 %
FRANCE 7.0 %
ITALY 6.1 %
SWITZERLAND 5.5 %
LUXEMBOURG 4.8 %
SWEDEN 3.9 %
GERMANY 3.7 %

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.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $23.54
30d moving avg. $0.00
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $2,660

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 403 potential alternatives to the Global X Infrastructure Development ex-U.S. ETF ETF based on the alternatives' overlap in portfolio holdings with IPAV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPAV Expense: 55 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPAV
Ticker Fund
Name		 Overlap1
vs IPAV
(%)		 Expense
ratio
(bp)		 Savings
vs IPAV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IPAV
(%)
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.0 65 -10 12.8 +3.1
IVAL Alpha Architect International Quantitative Value ETF 10.3 49 6 9.5 -0.2
NDIA Global X India Active ETF 9.2 75 -20 7.2 -2.5
MXI iShares Global Materials ETF 8.1 41 14 7.0 -2.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.5 80 -25 6.3 -3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 7.2 39 16 12.8 +3.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.1 47 8 5.5 -4.2
BLLD JPMorgan Sustainable Infrastructure ETF 7.1 49 6 5.7 -4.0
FEUZ First Trust Eurozone AlphaDEX ETF 7.0 80 -25 6.7 -3.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 7.0 46 9 4.9 -4.8
SUPL ProShares Supply Chain Logistics ETF 6.6 58 -3 14.2 +4.5
EWP iShares MSCI Spain ETF 6.6 50 5 8.4 -1.3
DXJ WisdomTree Japan Hedged Equity Fund 6.4 48 7 8.5 -1.2
PIN Invesco India ETF 6.3 78 -23 4.5 -5.2
FEP First Trust Europe AlphaDEX Fund 6.1 80 -25 7.8 -1.9
FLIN Franklin FTSE India ETF 5.9 19 36 4.7 -5.0
INDY iShares India 50 ETF 5.9 89 -34 4.6 -5.1
JHID John Hancock International High Dividend ETF 5.8 46 9 11.3 +1.7
BKCI BNY Mellon Concentrated International ETF 5.8 80 -25 4.2 -5.5
BBCA JPMorgan BetaBuilders Canada ETF 5.6 19 36 6.6 -3.1
FLCA Franklin FTSE Canada ETF 5.6 9 46 6.8 -2.9
SHPP Pacer Industrials and Logistics ETF 5.6 60 -5 9.9 +0.2
UIVM VictoryShares International Value Momentum ETF 5.5 35 20 11.0 +1.3
EPI WisdomTree India Earnings Fund 5.5 85 -30 6.1 -3.6
JIG JPMorgan International Growth ETF 5.5 55 0 4.6 -5.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 5.3 75 -20 4.6 -5.1
TMFG Motley Fool Global Opportunities ETF 5.2 85 -30 3.2 -6.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.2 58 -3 4.6 -5.1
INDA iShares MSCI India ETF 5.1 65 -10 4.4 -5.3
WTRE WisdomTree New Economy Real Estate Fund 5.0 58 -3 0.3 -9.4
SRVR Pacer Data & Infrastructure Real Estate ETF 5.0 55 0 1.9 -7.8
TEMP JPMorgan Climate Change Solutions ETF 4.7 49 6 5.5 -4.2
TOLL Tema Monopolies and Oligopolies ETF 4.7 75 -20 3.3 -6.4
AIVI WisdomTree International AI Enhanced Value Fund 4.6 58 -3 8.5 -1.2
AVES Avantis Emerging Markets Value ETF 4.6 36 19 11.6 +1.9
TPIF Timothy Plan International ETF 4.6 62 -7 6.8 -2.9
IQIN IQ 500 International ETF 4.4 25 30 9.2 -0.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.3 58 -3 9.2 -0.5
PBD Invesco Global Clean Energy ETF 4.3 75 -20 -5.3 -15.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.3 80 -25 9.1 -0.6
OSEA Harbor International Compounders ETF 4.2 55 0 4.3 -5.4
EWI iShares MSCI Italy ETF 4.1 50 5 8.1 -1.6
EWQ iShares MSCI France ETF 4.1 53 2 6.3 -3.4
CGIE Capital Group International Equity ETF 4.1 54 1 4.9 -4.8
IDAT iShares Future Cloud 5G and Tech ETF 4.0 47 8 4.3 -5.4
OAIM OneAscent International Equity ETF 4.0 95 -40 5.1 -4.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.0 9 46 9.9 +0.2
BINV Brandes International ETF 3.9 70 -15 8.5 -1.2
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 0 8.0 -1.7
NXTG First Trust Indxx NextG ETF 3.7 70 -15 6.2 -3.5
FGM First Trust Germany AlphaDEX Fund 3.7 80 -25 6.0 -3.7
FPAG FPA Global Equity ETF 3.7 49 6 5.4 -4.3
FSZ First Trust Switzerland AlphaDEX Fund 3.7 80 -25 4.2 -5.5
IQRA IQ CBRE Real Assets ETF 3.7 65 -10 5.2 -4.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 3.6 25 30 7.2 -2.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.6 25 30 8.6 -1.1
DFEV Dimensional Emerging Markets Value ETF 3.5 43 12 11.1 +1.4
GCOW Pacer Global Cash Cows Dividend ETF 3.5 60 -5 12.5 +2.8
VWID Virtus WMC International Dividend ETF 3.5 49 6 9.6 -0.1
CIL VictoryShares International Volatility Wtd ETF 3.5 45 10 7.0 -2.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.4 47 8 7.4 -2.3
BBJP JPMorgan BetaBuilders Japan ETF 3.4 19 36 7.8 -1.9
EWL iShares MSCI Switzerland ETF 3.4 50 5 4.5 -5.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 3.4 51 4 7.1 -2.6
FJP First Trust Japan AlphaDEX Fund 3.4 80 -25 10.3 +0.6
SXUS Janus Henderson International Sustainable Equity ETF 3.3 60 -5 4.2 -5.5
FIDI Fidelity International High Dividend ETF 3.3 18 37 10.9 +1.2
MOTI VanEck Morningstar International Moat ETF 3.3 58 -3 5.9 -3.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.3 24 31 8.7 -1.0
VIGI Vanguard International Dividend Appreciation ETF 3.3 15 40 6.4 -3.3
FLJP Franklin FTSE Japan ETF 3.2 9 46 7.8 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.2 42 13 8.1 -1.6
FLJH Franklin FTSE Japan Hedged ETF 3.2 9 46 7.7 -2.0
RNEM First Trust Emerging Markets Equity Select ETF 3.2 75 -20 7.6 -2.1
JPXN iShares JPX-Nikkei 400 ETF 3.2 48 7 8.7 -1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.2 25 30 7.2 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 3.2 29 26 5.5 -4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.1 45 10 12.3 +2.6
SLX VanEck Steel ETF 3.1 56 -1 21.4 +11.7
EWJ iShares MSCI Japan ETF 3.1 50 5 8.0 -1.7
JGLO JPMorgan Global Select Equity ETF 3.1 33 22 4.5 -5.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.1 45 10 6.5 -3.2
FID First Trust S&P International Dividend Aristocrats ETF 3.1 60 -5 9.0 -0.7
FLSW Franklin FTSE Switzerland ETF 3.1 9 46 5.3 -4.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.1 58 -3 6.4 -3.3
DIM WisdomTree International MidCap Dividend Fund 3.0 58 -3 7.7 -2.0
JHMD John Hancock Multifactor Developed International ETF 3.0 39 16 7.8 -1.9
IQDG WisdomTree International Quality Dividend Growth Fund 3.0 42 13 6.8 -2.9
IEUS iShares MSCI Europe Small-Cap ETF 3.0 42 13 6.4 -3.3
IVLU iShares MSCI Intl Value Factor ETF 3.0 30 25 11.4 +1.8
FIVA Fidelity International Value Factor ETF 3.0 18 37 10.2 +0.6
AVIV Avantis International Large Cap Value ETF 3.0 25 30 9.0 -0.7
EZU iShares MSCI Eurozone ETF 3.0 52 3 6.6 -3.1
AVDV Avantis International Small Cap Value ETF 2.9 36 19 8.1 -1.6
DFIV Dimensional International Value ETF 2.9 27 28 10.0 +0.3
NETZ TCW Transform Systems ETF 2.9 75 -20 3.6 -6.1
VCLN Virtus Duff & Phelps Clean Energy ETF 2.9 59 -4 3.9 -5.8
ARKX ARK Space Exploration & Innovation ETF 2.9 75 -20 2.4 -7.3
AVDE Avantis International Equity ETF 2.9 23 32 8.1 -1.6
RFEU First Trust Riverfront Dynamic Europe ETF 2.9 83 -28 11.1 +1.4
IDLV Invesco S&P International Developed Low Volatility ETF 2.9 25 30 6.2 -3.5
DMXF iShares ESG Advanced MSCI EAFE ETF 2.8 12 43 5.5 -4.2
IBAT iShares Energy Storage & Materials ETF 2.8 47 8 3.1 -6.6
EWJV iShares MSCI Japan Value ETF 2.8 15 40 10.2 +0.5
HEDJ WisdomTree Europe Hedged Equity Fund 2.8 58 -3 9.5 -0.2
EXI iShares Global Industrials ETF 2.7 42 13 4.5 -5.2
FLEU Franklin FTSE Eurozone ETF 2.7 9 46 7.3 -2.4
AVEM Avantis Emerging Markets Equity ETF 2.7 33 22 8.9 -0.8
EWC iShares MSCI Canada ETF 2.7 50 5 6.5 -3.2
SCHY Schwab International Dividend Equity ETF 2.7 14 41 9.3 -0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 -3 10.2 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.7 40 15 7.9 -1.8
STXI Strive International Developed Markets ETF 2.7 29 26 6.9 -2.8
FAN First Trust Global Wind Energy ETF 2.7 60 -5 5.5 -4.2
JPIN J.P. Morgan Diversified Return International Equity ETF 2.7 37 18 8.9 -0.8
DOL WisdomTree International LargeCap Dividend Fund 2.7 48 7 7.9 -1.8
FDCF Fidelity Disruptive Communications ETF 2.6 50 5 2.6 -7.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.6 39 16 12.5 +2.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.6 49 6 5.7 -4.0
BKIE BNY Mellon International Equity ETF 2.6 4 51 7.1 -2.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.6 50 5 13.0 +3.3
IDMO Invesco S&P International Developed Momentum ETF 2.6 25 30 5.9 -3.8
XC WisdomTree Emerging Markets Ex-China Fund 2.6 32 23 6.0 -3.7
UMMA Wahed Dow Jones Islamic World ETF 2.6 65 -10 4.6 -5.1
DGT SPDR Global Dow ETF 2.6 50 5 6.8 -2.9
FDEV Fidelity International Multifactor ETF 2.6 18 37 7.8 -1.9
DWM WisdomTree International Equity Fund 2.6 48 7 8.0 -1.7
DISV Dimensional International Small Cap Value ETF 2.6 42 13 9.1 -0.6
DIVI Franklin International Core Dividend Tilt Index ETF 2.5 9 46 8.1 -1.6
DFIC Dimensional International Core Equity 2 ETF 2.5 23 32 7.7 -2.0
FDD First Trust Stoxx European Select Dividend Index Fund 2.5 58 -3 13.6 +3.9
DWMF WisdomTree International Multifactor Fund 2.5 38 17 7.4 -2.3
FNDF Schwab Fundamental International Large Co. Index ETF 2.5 25 30 9.9 +0.2
EFV iShares MSCI EAFE Value ETF 2.5 34 21 9.4 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.5 45 10 8.9 -0.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.5 39 16 12.1 +2.4
FEM First Trust Emerging Markets AlphaDEX Fund 2.4 80 -25 13.0 +3.4
INTF iShares International Equity Factor ETF 2.4 15 40 8.2 -1.5
SMIN iShares MSCI India Small Cap ETF 2.4 79 -24 3.5 -6.2
BNE Blue Horizon BNE ETF 2.4 87 -32 4.6 -5.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.4 29 26 8.6 -1.1
QINT American Century Quality Diversified International ETF 2.4 39 16 7.7 -2.0
DFAI Dimensional International Core Equity Market ETF 2.4 18 37 7.3 -2.4
FYLD Cambria Foreign Shareholder Yield ETF 2.4 59 -4 13.6 +3.9
DTH WisdomTree International High Dividend Fund 2.4 58 -3 10.1 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 2.4 34 21 5.9 -3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.4 30 25 8.0 -1.7
FIXT Procure Disaster Recovery Strategy ETF 2.4 75 -20 5.8 -3.9
WDIV SPDR S&P Global Dividend ETF 2.4 40 15 9.4 -0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.4 32 23 6.9 -2.8
DWX SPDR S&P International Dividend ETF 2.3 45 10 6.5 -3.2
LVHI Franklin International Low Volatility High Dividend Index ET 2.3 40 15 10.1 +0.4
BKF iShares MSCI BIC ETF 2.3 69 -14 6.9 -2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 37 7.0 -2.7
VIDI Vident International Equity Strategy ETF 2.3 61 -6 10.2 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 41 14 7.4 -2.3
SPEU SPDR Portfolio Europe ETF 2.3 7 48 7.1 -2.6
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 6 8.2 -1.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.3 70 -15 9.2 -0.5
EWD iShares MSCI Sweden ETF 2.3 54 1 6.6 -3.1
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 11 15.8 +6.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.3 20 35 6.5 -3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.3 39 16 7.5 -2.2
IEUR iShares Core MSCI Europe ETF 2.2 11 44 7.1 -2.6
VGK Vanguard FTSE Europe ETF 2.2 11 44 7.1 -2.6
SPDW SPDR Portfolio Developed World ex-US ETF 2.2 3 52 7.2 -2.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.2 35 20 6.6 -3.1
JIRE JPMorgan International Research Enhanced Equity ETF 2.2 24 31 7.1 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 2.2 4 51 7.1 -2.6
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 40 6.3 -3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.2 38 17 7.8 -1.9
IEV iShares Europe ETF 2.2 67 -12 6.6 -3.1
VRAI Virtus Real Asset Income ETF 2.2 55 0 8.0 -1.7
PATN Pacer Nasdaq International Patent Leaders ETF 2.1 65 -10 6.5 -3.2
SCHF Schwab International Equity ETF 2.1 6 49 7.5 -2.2
DFE WisdomTree Europe SmallCap Dividend Fund 2.1 58 -3 10.7 +1.1
VEA Vanguard FTSE Developed Markets ETF 2.1 5 50 7.3 -2.4
OEUR ALPS O'Shares Europe Quality Dividend ETF 2.1 48 7 5.7 -4.0
FENI Fidelity Enhanced International ETF 2.1 28 27 8.1 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 2.1 20 35 7.0 -2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 2.1 20 35 7.1 -2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 23 6.2 -3.5
DFAE Dimensional Emerging Core Equity Market ETF 2.1 35 20 7.3 -2.4
STXE Strive Emerging Markets Ex-China ETF 2.1 32 23 7.0 -2.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.1 36 19 6.6 -3.1
BBEU JPMorgan BetaBuilders Europe ETF 2.1 9 46 7.1 -2.6
EFA iShares MSCI EAFE ETF 2.1 35 20 6.9 -2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 41 6.2 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 8 47 7.3 -2.4
DFIS Dimensional International Small Cap ETF 2.1 39 16 6.9 -2.8
IEFA iShares Core MSCI EAFE ETF 2.1 7 48 7.1 -2.6
IQLT iShares MSCI Intl Quality Factor ETF 2.1 30 25 6.2 -3.5
KNO AXS Knowledge Leaders ETF 2.1 78 -23 4.9 -4.8
CGW Invesco S&P Global Water Index ETF 2.1 57 -2 4.4 -5.3
EMM Global X Emerging Markets ex-China ETF 2.1 75 -20 4.2 -5.5
DEHP Dimensional Emerging Markets High Profitability ETF 2.1 41 14 5.0 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.1 39 16 7.4 -2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.0 45 10 11.0 +1.3
OIH VanEck Oil Services ETF 2.0 35 20 2.1 -7.6
OCTA Octane All-Cap Value Energy ETF 2.0 30 25 12.7 +3.0
IGRO iShares International Dividend Growth ETF 2.0 15 40 7.5 -2.2
VXUS Vanguard Total International Stock ETF 2.0 7 48 7.2 -2.5
FLEE Franklin FTSE Europe ETF 2.0 9 46 7.2 -2.5
DLS WisdomTree International SmallCap Dividend Fund 2.0 58 -3 8.8 -0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 2.0 46 9 6.5 -3.2
FLAX Franklin FTSE Asia Ex Japan ETF 2.0 19 36 6.9 -2.8
GVAL Cambria Global Value ETF 2.0 68 -13 13.1 +3.4
IXUS iShares Core MSCI Total International Stock ETF 2.0 7 48 7.2 -2.5
SCZ iShares MSCI EAFE Small-Cap ETF 2.0 40 15 6.6 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 1.9 34 21 7.0 -2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.9 49 6 7.0 -2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.9 35 20 12.4 +2.7
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 25 6.9 -2.8
IPAC iShares Core MSCI Pacific ETF 1.9 9 46 7.2 -2.5
FCA First Trust China AlphaDEX Fund 1.9 80 -25 16.2 +6.5
IDHQ Invesco S&P International Developed High Quality ETF 1.9 29 26 6.5 -3.2
EEMA iShares MSCI Emerging Markets Asia ETF 1.9 49 6 6.5 -3.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.8 49 6 12.2 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 30 6.7 -3.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.8 12 43 5.9 -3.8
VYMI Vanguard International High Dividend Yield ETF 1.8 22 33 9.8 +0.1
DFSI Dimensional International Sustainability Core 1 ETF 1.8 24 31 6.5 -3.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.8 55 0 2.9 -6.8
AVSD Avantis Responsible International Equity ETF 1.8 23 32 7.1 -2.6
FEZ SPDR EURO STOXX 50 ETF 1.8 29 26 6.8 -2.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 40 7.2 -2.5
VPL Vanguard FTSE Pacific ETF 1.7 8 47 7.7 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.7 24 31 9.2 -0.5
SCHE Schwab Emerging Markets Equity ETF 1.7 11 44 7.1 -2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 19 7.8 -1.9
BIGFX Baron International Growth Retail 1.7 75 -20 3.1 -6.6
EFG iShares MSCI EAFE Growth ETF 1.7 36 19 4.5 -5.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.7 49 6 6.1 -3.6
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 44 8.4 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 -15 6.2 -3.5
VWO Vanguard FTSE Emerging Markets ETF 1.7 8 47 6.9 -2.8
SCHC Schwab International Small-Cap Equity ETF 1.6 11 44 6.6 -3.1
CZAR Themes Natural Monopoly ETF 1.6 35 20 6.3 -3.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.6 80 -25 5.6 -4.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 -11 10.0 +0.3
ISCF iShares International SmallCap Equity Factor ETF 1.6 23 32 9.1 -0.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.6 90 -35 6.1 -3.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 11 10.6 +0.9
DIHP Dimensional International High Profitability ETF 1.6 29 26 7.6 -2.1
PIO Invesco Global Water ETF 1.6 75 -20 5.2 -4.5
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.5 68 -13 8.2 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 -4 11.3 +1.6
WWJD Inspire International ETF 1.5 80 -25 7.3 -2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 25 7.3 -2.4
PID Invesco International Dividend Achievers ETF 1.5 53 2 7.0 -2.7
RGEF Rockefeller Global Equity ETF 1.5 55 0 5.0 -4.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.5 32 23 6.0 -3.7
CID VictoryShares International High Div Volatility Wtd ETF 1.5 45 10 11.9 +2.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.5 75 -20 2.9 -6.8
EEM iShares MSCI Emerging Markets ETF 1.5 69 -14 6.9 -2.8
IEMG iShares Core MSCI Emerging Markets ETF 1.5 9 46 7.5 -2.2
EMGF iShares Emerging Markets Equity Factor ETF 1.5 25 30 8.5 -1.2
RODE Hartford Multifactor Diversified International ETF 1.5 29 26 11.8 +2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 7 48 6.7 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 8 9.4 -0.3
DTCR Global X Data Center & Digital Infrastructure ETF 1.4 50 5 4.7 -5.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.4 79 -24 10.3 +0.6
IQSI IQ Candriam International Equity ETF 1.4 15 40 6.6 -3.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.4 18 37 6.8 -2.9
EBLU Ecofin Global Water ESG Fund 1.4 40 15 4.9 -4.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.3 30 25 7.3 -2.4
DVYE iShares Emerging Markets Dividend ETF 1.3 49 6 18.8 +9.1
GNR SPDR S&P Global Natural Resources ETF 1.3 40 15 9.7 0.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.3 70 -15 7.7 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 16 7.2 -2.5
WLDR Affinity World Leaders Equity ETF 1.3 67 -12 8.1 -1.6
ESGD iShares ESG Aware MSCI EAFE ETF 1.3 20 35 6.9 -2.8
EWT iShares MSCI Taiwan ETF 1.3 58 -3 5.7 -4.0
PRAY FIS Christian Stock Fund 1.3 69 -14 5.9 -3.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.2 29 26 8.7 -1.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.2 80 -25 12.3 +2.6
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 48 7.3 -2.4
EQIN Columbia US Equity Income ETF 1.2 35 20 8.3 -1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.2 20 35 6.9 -2.8
EYLD Cambria Emerging Shareholder Yield ETF 1.2 66 -11 13.2 +3.5
CGXU Capital Group International Focus Equity ETF 1.2 54 1 4.9 -4.8
VSGX Vanguard ESG International Stock ETF 1.2 12 43 6.8 -2.9
FRNW Fidelity Clean Energy ETF 1.2 39 16 2.6 -7.1
SMOG VanEck Low Carbon Energy ETF 1.2 61 -6 2.4 -7.3
IQDE FlexShares International Quality Dividend Defensive Index ET 1.2 47 8 14.8 +5.1
EWG iShares MSCI Germany ETF 1.1 50 5 6.4 -3.3
IMTM iShares MSCI Intl Momentum Factor ETF 1.1 30 25 6.3 -3.4
NTZG Nuveen Global Net Zero Transition ETF 1.1 56 -1 4.7 -5.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 16 11.0 +1.3
DAX Global X DAX Germany ETF 1.1 21 34 6.9 -2.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -25 10.8 +1.1
GLIN VanEck India Growth Leaders ETF 1.1 77 -22 5.7 -4.0
ILF iShares Latin America 40 ETF 1.1 48 7 10.4 +0.7
EWY iShares MSCI South Korea ETF 1.1 58 -3 9.8 +0.1
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 30 12.3 +2.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.1 80 -25 3.2 -6.5
ECON Columbia Emerging Markets Consumer ETF 1.1 49 6 7.3 -2.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 14 7.4 -2.3
SCJ iShares MSCI Japan Small-Cap ETF 1.1 50 5 7.0 -2.7
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 8 12.9 +3.2
MEM Matthews Emerging Markets Equity Active ETF 1.0 79 -24 5.4 -4.3
FLTW Franklin FTSE Taiwan ETF 1.0 19 36 5.9 -3.8
FLGR Franklin FTSE Germany ETF 1.0 9 46 7.0 -2.7
EDEN iShares MSCI Denmark ETF 1.0 53 2 6.9 -2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 24 6.7 -3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 40 10.2 +0.5
HAP VanEck Natural Resources ETF 0.9 50 5 10.0 +0.3
EWM iShares MSCI Malaysia ETF 0.9 50 5 5.5 -4.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.9 75 -20 8.2 -1.5
CGDG Capital Group Dividend Growers ETF 0.9 47 8 6.6 -3.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.9 58 -3 7.8 -1.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.9 58 -3 7.9 -1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.9 42 13 5.1 -4.6
FXI iShares China Large-Cap ETF 0.9 74 -19 8.2 -1.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.9 75 -20 7.8 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.9 30 25 8.1 -1.6
GSFP Goldman Sachs Future Planet Equity ETF 0.9 75 -20 4.2 -5.5
EWN iShares MSCI Netherlands ETF 0.9 50 5 5.1 -4.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.9 83 -28 10.0 +0.3
FLKR Franklin FTSE South Korea ETF 0.8 9 46 10.6 +0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.8 58 -3 6.5 -3.2
XT iShares Exponential Technologies ETF 0.8 46 9 4.8 -4.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 -8 18.9 +9.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 43 4.8 -4.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.8 25 30 6.6 -3.1
BLES Inspire Global Hope ETF 0.8 61 -6 6.4 -3.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.8 33 22 8.2 -1.5
DGIN VanEck Digital India ETF 0.7 71 -16 0.1 -9.6
FLCH Franklin FTSE China ETF 0.7 19 36 8.8 -0.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 8 4.9 -4.8
VT Vanguard Total World Stock ETF 0.7 7 48 5.5 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 46 5.4 -4.3
AHOY Newday Ocean Health ETF 0.7 75 -20 6.2 -3.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.7 75 -20 7.9 -1.8
CGV Conductor Global Equity Value ETF 0.7 130 -75 10.9 +1.2
MCHI iShares MSCI China ETF 0.7 59 -4 8.4 -1.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.7 20 35 6.3 -3.4
ACWI iShares MSCI ACWI ETF 0.7 32 23 5.3 -4.4
GXC SPDR S&P China ETF 0.6 59 -4 8.3 -1.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.6 65 -10 4.3 -5.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 46 5.2 -4.5
XCEM Columbia EM Core ex-China ETF 0.6 16 39 7.7 -2.0
LIVR Intelligent Livermore ETF 0.6 69 -14 6.0 -3.7
IDV iShares International Select Dividend ETF 0.6 51 4 12.2 +2.5
DEW WisdomTree Global High Dividend Fund 0.6 58 -3 8.5 -1.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -33 7.4 -2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.6 36 19 6.5 -3.2
URTH iShares MSCI World ETF 0.6 24 31 5.2 -4.5
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 45 5.4 -4.3
KNCT Invesco Next Gen Connectivity ETF 0.6 40 15 5.6 -4.1
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 25 5.9 -3.8
CLNR IQ Cleaner Transport ETF 0.5 45 10 6.8 -2.9
GLOF iShares Global Equity Factor ETF 0.5 20 35 7.0 -2.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 7 8.8 -0.9
KALL KraneShares MSCI All China Index ETF 0.5 49 6 9.0 -0.7
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.5 35 20 7.4 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 38 7.6 -2.1
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 -10 4.7 -5.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 10 -0.6 -10.2
CTEC Global X CleanTech ETF 0.5 50 5 2.9 -6.8
SNSR Global X Internet of Things ETF 0.5 68 -13 4.6 -5.1
EWO iShares MSCI Austria ETF 0.5 50 5 14.1 +4.4
IXP iShares Global Comm Services ETF 0.5 42 13 5.1 -4.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 35 6.8 -2.9
TOK iShares MSCI Kokusai ETF 0.4 26 29 5.0 -4.7
WRND IQ Global Equity R&D Leaders ETF 0.4 18 37 7.5 -2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.4 40 15 8.3 -1.4
EPOL iShares MSCI Poland ETF 0.4 59 -4 12.9 +3.2
GWX SPDR S&P International Small Cap ETF 0.4 40 15 6.5 -3.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 30 5.6 -4.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -25 7.6 -2.1
FLAU Franklin FTSE Australia ETF 0.3 9 46 5.4 -4.3
FLBR Franklin FTSE Brazil ETF 0.3 19 36 13.2 +3.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.3 60 -5 13.4 +3.7
FBZ First Trust Brazil AlphaDEX Fund 0.3 80 -25 13.3 +3.6
SDIV Global X Superdividend ETF 0.3 58 -3 14.9 +5.2
EWZ iShares MSCI Brazil ETF 0.3 58 -3 10.4 +0.7
EFNL iShares MSCI Finland ETF 0.3 56 -1 8.0 -1.7
TUR iShares MSCI Turkey ETF 0.3 58 -3 19.7 +10.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 36 5.4 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 35 5.2 -4.5
ISRA VanEck Israel ETF 0.2 59 -4 8.0 -1.7
EIS iShares MSCI Israel ETF 0.2 58 -3 8.5 -1.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 33 6.6 -3.1
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 39 6.8 -2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -10 8.2 -1.5
TRFK Pacer Data and Digital Revolution ETF 0.2 60 -5 4.0 -5.7
FLLA Franklin FTSE Latin America ETF 0.2 19 36 13.2 +3.5
RAYD Rayliant Quantitative Developed Market Equity ETF 0.2 80 -25 3.8 -5.9
IDX VanEck Indonesia Index ETF 0.2 57 -2 8.8 -0.9
EIDO iShares MSCI Indonesia ETF 0.2 59 -4 7.5 -2.2
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 -6 2.9 -6.8
URA Global X Uranium ETF 0.2 69 -14 2.4 -7.3
APIE ActivePassive International Equity ETF 0.2 45 10 8.1 -1.6
ACVF American Conservative Values ETF 0.2 75 -20 4.2 -5.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 35 1.0 -8.7
FRDM Freedom 100 Emerging Markets ETF 0.1 49 6 7.3 -2.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 10 5.7 -4.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -34 4.9 -4.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 34 3.8 -5.9
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 30 7.1 -2.6
PRNT 3D Printing ETF 0.1 66 -11 0.7 -9.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -20 4.3 -5.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Infrastructure Development ex-U.S. ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.