Global X MLP & Energy Infrastructure ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 AVOID
2022E    2023E
P/E
ratio		 15.0x P/Sales
ratio		 0.6x
P/BV
ratio		 2.6x Div.
yield		 5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MLP & Energy Infrastructure ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Aug 06, 2013
Assets (mns) $1,100
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $21,286
Large cap (>$10bn) 60.0%
Mid cap ($2-10bn) 19.0%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENBRIDGE INC 9.5 %
WILLIAMS COS INC 8.5 %
TRANSCANADA CORP 8.3 %
CHENIERE ENERGY INC 7.4 %
KINDER MORGAN INC 7.1 %
ONEOK INC 7.0 %
ENERGY TRANSFER, L.P. 4.8 %
ENTERPRISE PRODUCTS PARTNERS 4.7 %
PEMBINA PIPELINE CORPORATION 4.7 %
TARGA RESOURCES CORP 4.6 %
Total 66.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.5 %
CANADA 22.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.4% 21.6% 6.4% -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 1.40 56%
MSCI EAFE 1.41 55%
MSCI Emg. Mkts. 1.22 45%

Technical Indicators
Recent close $42.46
30d moving avg. $41.28
Annualized volatility 39.6%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 134
Turnover 0.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $2,207

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 415 potential alternatives to the Global X MLP & Energy Infrastructure ETF ETF based on the alternatives' overlap in portfolio holdings with MLPX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MLPX Expense: 45 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MLPX
Ticker Fund
Name		 Overlap1
vs MLPX
(%)		 Expense
ratio
(bp)		 Savings
vs MLPX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MLPX
(%)
EINC VanEck Energy Income ETF 85.9 46 -1 4.1 +0.2
TPYP Tortoise North American Pipeline Fund 61.7 40 5 4.6 +0.7
USAI Pacer American Energy Independence ETF 60.7 75 -30 2.8 -1.2
UMI USCF Midstream Energy Income Fund ETF 60.1 85 -40 3.1 -0.8
ENFR Alerian Energy Infrastructure ETF 60.1 35 10 3.9 -0.0
EMLP First Trust North American Energy Infrastructure Fund 37.5 95 -50 4.9 +1.0
AMZA InfraCap MLP ETF 33.4 201 -156 2.6 -1.3
AMLP The Alerian MLP ETF 29.1 87 -42 3.4 -0.5
MLPA Global X MLP ETF 28.9 46 -1 4.0 +0.1
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 19.7 69 -24 7.5 +3.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 17.5 47 -2 4.8 +0.9
RYE Invesco S&P 500 Equal Weight Energy ETF 16.6 40 5 5.6 +1.7
ECLN First Trust EIP Carbon Impact ETF 14.1 95 -50 3.7 -0.2
IVRA Invesco Real Assets ESG ETF 13.6 59 -14 5.9 +2.0
FXN First Trust Energy AlphaDEX Fund 13.3 64 -19 18.7 +14.8
IGE iShares North American Natural Resources ETF 13.1 40 5 5.5 +1.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.9 96 -51 5.2 +1.3
GLIF AGFiQ Global Infrastructure ETF 11.8 45 0 5.3 +1.4
IGF iShares Global Infrastructure ETF 10.3 40 5 4.1 +0.2
GII SPDR S&P Global Infrastructure ETF 10.3 40 5 4.1 +0.2
IYE iShares U.S. Energy ETF 9.3 39 6 5.4 +1.5
VDE Vanguard Energy Index Fund 8.9 10 35 5.6 +1.7
FENY Fidelity MSCI Energy Index ETF 8.8 8 37 5.7 +1.8
FTXN First Trust Nasdaq Oil & Gas ETF 8.8 60 -15 6.4 +2.5
NDIV Amplify Natural Resources Dividend Income ETF 8.8 59 -14 9.1 +5.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 8.6 60 -15 7.8 +3.9
XLE Energy Select Sector SPDR Fund 8.4 10 35 5.9 +2.0
DRLL Strive U.S. Energy ETF 8.2 41 4 5.3 +1.4
FDVV Fidelity Core Dividend ETF 6.8 29 16 7.2 +3.3
IFRA iShares U.S. Infrastructure ETF 6.5 30 15 6.3 +2.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.4 52 -7 7.9 +4.0
IEO iShares U.S. Oil & Gas Exploration & Production ETF 6.3 39 6 7.3 +3.4
WBIY WBI Power Factor High Dividend ETF 6.1 70 -25 11.8 +7.9
FLDZ RiverNorth Volition America Patriot ETF 6.1 70 -25 5.6 +1.7
SDOG ALPS Sector Dividend Dogs ETF 6.0 40 5 9.6 +5.7
DIV Global X SuperDividend US ETF 6.0 45 0 6.7 +2.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 5.6 30 15 9.3 +5.4
RPG Invesco S&P 500 Pure Growth ETF 5.4 35 10 7.7 +3.8
ICAP InfraCap Equity Income Fund ETF 5.3 80 -35 9.2 +5.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 5.2 75 -30 7.8 +3.9
AIVL WisdomTree U.S. AI Enhanced Value Fund 5.1 38 7 7.0 +3.1
CVY Invesco Zacks Multi-Asset Income ETF 5.1 100 -55 10.2 +6.3
RBLD First Trust Alerian US NextGen Infrastructure ETF 5.0 65 -20 5.2 +1.3
RNEW VanEck Green Infrastructure ETF 5.0 45 0 0.9 -3.0
IXC iShares Global Energy ETF 4.4 40 5 7.0 +3.1
PWV Invesco Dynamic Large Cap Value ETF 4.3 58 -13 8.1 +4.2
FTC First Trust Large Cap Growth AlphaDEX Fund 4.3 59 -14 5.1 +1.2
UVDV UVA Dividend Value ETF 4.2 80 -35 7.6 +3.7
MBOX Freedom Day Dividend ETF 4.1 39 6 8.5 +4.5
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.1 75 -30 6.4 +2.5
CSD Invesco S&P Spin-Off ETF 4.1 65 -20 8.2 +4.3
SPYD SPDR S&P 500 High Dividend ETF 4.0 7 38 10.8 +6.9
GVIP Goldman Sachs Hedge Industry VIP ETF 3.8 45 0 5.0 +1.1
PID Invesco International Dividend Achievers ETF 3.8 56 -11 8.3 +4.4
HDV iShares Core High Dividend ETF 3.8 8 37 8.7 +4.8
TPHD Timothy Plan High Dividend Stock ETF 3.8 52 -7 6.8 +2.9
TPHE Timothy Plan High Dividend Stock Enhanced ETF 3.8 52 -7 6.8 +2.9
IVDG Invesco Focused Discovery Growth ETF 3.5 59 -14 4.5 +0.6
SDEI Sound Equity Income ETF 3.3 45 0 9.9 +5.9
DURA VanEck Morningstar Durable Dividend ETF 3.3 29 16 8.6 +4.7
RYJ Invesco Raymond James SB-1 Equity ETF 3.2 81 -36 3.6 -0.4
RFFC RiverFront Dynamic US Flex-Cap ETF 3.2 52 -7 6.2 +2.3
HAP VanEck Natural Resources ETF 3.1 49 -4 7.6 +3.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 3.0 35 10 9.6 +5.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 3.0 35 10 9.6 +5.7
YLDE ClearBridge Dividend Strategy ESG ETF 2.9 59 -14 6.4 +2.5
FDL First Trust Morningstar Dividend Leaders Index Fund 2.9 45 0 9.5 +5.6
PDP Invesco DWA Momentum ETF 2.9 62 -17 5.1 +1.2
MAGA Point Bridge GOP Stock Tracker ETF 2.8 72 -27 6.3 +2.4
QDIV Global X S&P 500 Quality Dividend ETF 2.8 20 25 9.0 +5.1
DIVZ TrueShares Low Volatility Equity Income ETF 2.7 65 -20 10.6 +6.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.7 85 -40 4.8 +0.9
HVAL ALPS Hillman Active Value ETF 2.7 55 -10 7.7 +3.8
CNRG SPDR S&P Kensho Clean Power ETF 2.6 45 0 0.7 -3.2
SUSA iShares MSCI USA ESG Select ETF 2.6 25 20 6.0 +2.1
ONEY SPDR Russell 1000 Yield Focus ETF 2.6 20 25 10.1 +6.1
EQRR ProShares Equities for Rising Rates ETF 2.5 35 10 8.2 +4.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 2.5 35 10 7.9 +4.0
FMIL Fidelity New Millennium ETF 2.5 59 -14 6.7 +2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.4 47 -2 6.2 +2.3
USVT US Value ETF 2.4 49 -4 11.2 +7.3
NUMV Nuveen ESG Mid-Cap Value ETF 2.4 30 15 8.9 +5.0
FLLV Franklin Liberty U.S. Low Volatility ETF 2.4 29 16 6.4 +2.4
FCG First Trust Natural Gas ETF 2.4 60 -15 8.9 +5.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.3 63 -18 3.6 -0.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 2.2 18 27 6.4 +2.5
VRAI Virtus Real Asset Income ETF 2.2 55 -10 7.2 +3.2
DVY iShares Select Dividend ETF 2.1 39 6 9.0 +5.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.0 65 -20 5.4 +1.5
FEX First Trust Large Cap Core AlphaDEX Fund 2.0 59 -14 7.4 +3.5
SAMT Strategas Macro Thematic Opportunities ETF 1.9 65 -20 3.9 0.0
SPDV AAM S&P 500 High Dividend Value ETF 1.8 29 16 11.3 +7.4
STLV iShares Factors US Value Style ETF 1.8 25 20 9.7 +5.8
NULC Nuveen ESG Large-Cap ETF 1.8 20 25 6.2 +2.3
FPAG FPA Global Equity ETF 1.7 49 -4 6.4 +2.5
COWZ Pacer US Cash Cows 100 ETF 1.7 49 -4 11.4 +7.5
BFOR Barron's 400 ETF 1.7 65 -20 8.9 +5.0
NTZG Nuveen Global Net Zero Transition ETF 1.7 55 -10 5.6 +1.7
SFYX Sofi Next 500 ETF 1.7 0 45 6.0 +2.1
AVUV Avantis U.S. Small Cap Value ETF 1.6 25 20 9.6 +5.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.6 35 10 8.6 +4.7
VOE Vanguard Mid-Cap Value Index Fund 1.6 7 38 8.0 +4.1
EQAL Invesco Russell 1000 Equal Weight ETF 1.5 20 25 6.4 +2.5
ESGS Columbia Sustainable U.S. Equity Income ETF 1.5 35 10 7.6 +3.7
FDRR Fidelity Dividend ETF for Rising Rates 1.5 29 16 8.0 +4.1
SUBS Fount Subscription Economy ETF 1.5 70 -25 5.2 +1.3
NULV Nuveen ESG Large-Cap Value ETF 1.5 25 20 8.1 +4.2
KGHG KraneShares Global Carbon Transformation ETF 1.5 89 -44 8.8 +4.9
ONEO SPDR Russell 1000 Momentum Focus ETF 1.5 20 25 8.4 +4.5
RNDV US Equity Dividend Select ETF 1.5 50 -5 9.1 +5.2
VO Vanguard Mid-Cap Index Fund 1.4 4 41 6.3 +2.4
DHS WisdomTree U.S. High Dividend Fund 1.4 38 7 8.3 +4.4
IWS iShares Russell Mid-Cap Value ETF 1.4 23 22 7.0 +3.1
XMMO Invesco S&P MidCap Momentum ETF 1.4 33 12 7.2 +3.3
TPLC Timothy Plan US Large Cap Core ETF 1.4 52 -7 6.4 +2.5
RNSC Small Cap US Equity Select ETF 1.4 60 -15 8.5 +4.6
SDIV Global X SuperDividend ETF 1.4 58 -13 6.6 +2.7
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.4 75 -30 3.0 -0.9
IWR iShares Russell Midcap ETF 1.4 18 27 6.1 +2.2
VOT Vanguard Mid-Cap Growth Index Fund 1.3 7 38 4.6 +0.7
PWB Invesco Dynamic Large Cap Growth ETF 1.3 56 -11 4.3 +0.4
TTAC TrimTabs US Free Cash Flow Quality ETF 1.3 59 -14 7.3 +3.4
NULG Nuveen ESG Large-Cap Growth ETF 1.3 25 20 5.1 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.2 24 21 8.4 +4.5
MTUM iShares MSCI USA Momentum Factor ETF 1.2 15 30 6.5 +2.6
IWP iShares Russell Mid-Cap Growth ETF 1.2 23 22 4.7 +0.8
FDLO Fidelity Low Volatility Factor ETF 1.2 29 16 6.1 +2.2
AVLV Avantis U.S. Large Cap Value ETF 1.2 15 30 8.7 +4.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.2 18 27 8.3 +4.4
DON WisdomTree U.S. MidCap Dividend Fund 1.2 38 7 8.5 +4.6
FUNL CornerCap Fundametrics Large-Cap ETF 1.2 50 -5 8.3 +4.4
IUSA Amberwave Invest USA JSG Fund 1.1 67 -22 6.8 +2.9
GURU Global X Guru Index ETF 1.1 75 -30 3.8 -0.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.1 30 15 11.0 +7.1
PSCE Invesco S&P SmallCap Energy ETF 1.1 29 16 3.2 -0.7
PXJ Invesco Dynamic Oil & Gas Services ETF 1.1 63 -18 -1.4 -5.3
XES SPDR S&P Oil & Gas Equipment & Services ETF 1.1 35 10 -2.3 -6.2
DEW WisdomTree Global High Dividend Fund 1.1 58 -13 9.7 +5.7
VSDA VictoryShares Dividend Accelerator ETF 1.1 35 10 6.8 +2.9
SMOT VanEck Morningstar SMID Moat ETF 1.1 49 -4 7.8 +3.9
SCHD Schwab U.S. Dividend Equity ETF 1.1 6 39 9.1 +5.2
CLRG IQ Chaikin U.S. Large Cap ETF 1.1 25 20 6.4 +2.5
PY Principal Shareholder Yield Index ETF 1.1 15 30 7.7 +3.8
SSPY Syntax Stratified LargeCap ETF 1.1 30 15 7.1 +3.2
IEZ iShares U.S. Oil Equipment & Services ETF 1.1 39 6 0.1 -3.8
RAYD Rayliant Quantitative Developed Market Equity ETF 1.0 80 -35 9.2 +5.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 25 6.8 +2.9
SYLD Cambria Shareholder Yield ETF 1.0 59 -14 11.0 +7.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 1.0 35 10 9.0 +5.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 36 6.5 +2.6
SPMO Invesco S&P 500 Momentum ETF 1.0 13 32 6.4 +2.5
JOET Virtus Terranova US Quality Momentum ETF 1.0 29 16 6.8 +2.8
JHSC John Hancock Multifactor Small Cap ETF 1.0 42 3 6.4 +2.5
VFVA Vanguard U.S. Value Factor ETF 1.0 13 32 11.7 +7.8
LGLV SPDR Russell 1000 Low Volatility ETF 1.0 12 33 5.8 +1.9
IMCV iShares Morningstar Mid-Cap Value ETF 1.0 6 39 8.1 +4.2
BLES Inspire Global Hope Large Cap ETF 1.0 49 -4 6.4 +2.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.0 15 30 7.2 +3.3
IJK iShares S&P Mid-Cap 400 Growth ETF 1.0 17 28 7.1 +3.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.0 15 30 7.1 +3.2
SPVM Invesco S&P 500 Value with Momentum ETF 0.9 39 6 9.1 +5.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 0.9 35 10 7.8 +3.9
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.9 64 -19 7.5 +3.6
VBK Vanguard Small-Cap Growth Index Fund 0.9 7 38 1.4 -2.6
RNLC Large Cap US Equity Select ETF 0.9 60 -15 7.2 +3.2
DIVB iShares Core Dividend 0.9 5 40 8.1 +4.2
SUSL iShares ESG MSCI USA Leaders ETF 0.9 10 35 6.4 +2.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.9 10 35 6.3 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 0.9 41 4 7.3 +3.3
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -30 7.8 +3.9
DFSV Dimensional US Small Cap Value ETF 0.9 31 14 8.3 +4.4
NUDV Nuveen ESG Dividend ETF 0.9 25 20 7.7 +3.8
AVUS Avantis U.S. Equity ETF 0.9 15 30 7.0 +3.1
SFY SoFi Select 500 ETF 0.9 0 45 6.4 +2.5
VFMV Vanguard U.S. Minimum Volatility ETF 0.9 13 32 6.8 +2.9
NUSC Nuveen ESG Small-Cap ETF 0.9 30 15 5.7 +1.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.9 35 10 7.0 +3.1
VYM Vanguard High Dividend Yield Index ETF 0.8 6 39 8.0 +4.1
VXF Vanguard Extended Market Index Fund 0.8 6 39 3.7 -0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 0.8 70 -25 5.6 +1.6
RSP Invesco S&P 500 Equal Weight ETF 0.8 20 25 6.6 +2.7
SIXL 6 Meridian Low Beta Equity Strategy ETF 0.8 82 -37 6.3 +2.4
VLU SPDR S&P 1500 Value Tilt ETF 0.8 12 33 8.2 +4.3
VFMO Vanguard U.S. Momentum Factor ETF 0.8 13 32 3.0 -0.9
VAMO Cambria Value & Momentum ETF 0.8 64 -19 9.7 +5.8
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 36 6.2 +2.3
SIZE iShares MSCI USA Size Factor ETF 0.8 15 30 5.9 +2.0
PRF Invesco FTSE RAFI US 1000 ETF 0.8 39 6 7.6 +3.7
DES WisdomTree U.S. SmallCap Dividend Fund 0.8 38 7 9.0 +5.1
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 39 7.9 +4.0
VFMF Vanguard U.S. Multifactor ETF 0.8 18 27 9.4 +5.5
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.8 15 30 7.8 +3.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.7 40 5 7.2 +3.3
NACP Impact Shares NAACP Minority Empowerment ETF 0.7 49 -4 6.4 +2.5
GVLU Gotham 1000 Value ETF 0.7 50 -5 10.1 +6.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.7 29 16 5.7 +1.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.7 17 28 5.3 +1.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.7 14 31 6.4 +2.5
YPS Arrow Reverse Cap 500 ETF 0.7 29 16 6.4 +2.5
VONV Vanguard Russell 1000 Value Index Fund 0.7 8 37 7.4 +3.5
IWD iShares Russell 1000 Value ETF 0.7 18 27 7.3 +3.4
AUSF Global X Adaptive U.S. Factor ETF 0.7 27 18 6.8 +2.9
VB Vanguard Small-Cap ETF 0.7 5 40 5.6 +1.7
JVAL JPMorgan U.S. Value Factor ETF 0.7 12 33 9.2 +5.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.6 17 28 8.0 +4.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 33 6.5 +2.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.6 20 25 5.7 +1.8
ESGU iShares MSCI USA ESG Optimized ETF 0.6 15 30 6.3 +2.3
SMDY Syntax Stratified MidCap ETF 0.6 35 10 7.1 +3.2
OALC OneAscent Large Cap Core ETF 0.6 76 -31 6.5 +2.6
ILCV iShares Morningstar Value ETF 0.6 4 41 7.6 +3.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.6 9 36 7.0 +3.1
IUS Invesco Strategic US ETF 0.6 19 26 7.7 +3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 41 6.4 +2.5
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 41 6.4 +2.5
VTV Vanguard Value Index Fund 0.6 4 41 7.7 +3.8
FVD First Trust Value Line Dividend Index Fund 0.6 67 -22 6.4 +2.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.6 19 26 6.8 +2.9
IQSU IQ Candriam ESG US Equity ETF 0.6 9 36 6.0 +2.1
DGT SPDR Global Dow ETF 0.6 50 -5 7.4 +3.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.6 12 33 6.5 +2.5
KRMA Global X Conscious Companies ETF 0.6 43 2 6.5 +2.6
MDY SPDR S&P Midcap 400 ETF Trust 0.6 22 23 7.3 +3.4
SCHM Schwab U.S. Mid-Cap ETF 0.6 4 41 6.1 +2.1
DTD WisdomTree U.S.Total Dividend Fund 0.6 28 17 7.4 +3.5
DSI iShares MSCI KLD 400 Social ETF 0.6 25 20 6.4 +2.5
IVOO Vanguard S&P Mid-Cap 400 ETF 0.6 10 35 7.5 +3.6
IJH iShares Core S&P Mid-Cap ETF 0.6 5 40 7.5 +3.6
SPMD SPDR Portfolio Mid Cap ETF 0.6 5 40 7.5 +3.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.5 25 20 7.7 +3.8
JHML John Hancock Multifactor Large Cap ETF 0.5 29 16 6.6 +2.7
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 41 7.5 +3.6
IUSG iShares Core S&P US Growth ETF 0.5 4 41 6.4 +2.5
DFAU Dimensional US Core Equity Market ETF 0.5 12 33 6.4 +2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 20 7.6 +3.7
RPV Invesco S&P 500 Pure Value ETF 0.5 35 10 9.7 +5.7
RWL Invesco S&P 500 Revenue ETF 0.5 39 6 7.3 +3.4
USMV iShares Edge MSCI Min Vol USA ETF 0.5 15 30 6.3 +2.4
DFAI Dimensional International Core Equity Market ETF 0.5 18 27 6.6 +2.7
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 27 18 6.5 +2.5
VOOG Vanguard S&P 500 Growth ETF 0.5 10 35 6.4 +2.5
SPYG SPDR Portfolio S&P 500 Growth ETF 0.5 4 41 6.4 +2.5
IVW iShares S&P 500 Growth ETF 0.5 18 27 6.3 +2.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.5 6 39 5.4 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 25 6.1 +2.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.5 60 -15 5.1 +1.2
DFAS Dimensional U.S. Small Cap ETF 0.5 28 17 6.5 +2.6
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.5 15 30 6.5 +2.6
VBR Vanguard Small Cap Value Index Fund 0.5 7 38 8.2 +4.3
PWC Invesco Dynamic Market ETF 0.5 60 -15 7.4 +3.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.5 25 20 6.5 +2.6
AVSC Avantis U.S Small Cap Equity ETF 0.5 25 20 5.1 +1.2
RNMC Mid Cap US Equity Select ETF 0.5 60 -15 8.6 +4.7
VOTE Engine No. 1 Transform 500 ETF 0.5 5 40 6.3 +2.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.5 15 30 7.5 +3.6
VONE Vanguard Russell 1000 ETF 0.5 8 37 6.2 +2.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.5 2 43 6.3 +2.4
IWB iShares Russell 1000 ETF 0.5 15 30 6.1 +2.2
DFUS Dimensional U.S. Equity ETF 0.5 11 34 6.3 +2.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 70 -25 1.9 -2.0
SHE SPDR SSGA Gender Diversity Index ETF 0.5 20 25 6.5 +2.6
IYY iShares Dow Jones U.S. ETF 0.5 20 25 6.1 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 41 5.6 +1.7
ILCB iShares Morningstar U.S. Equity ETF 0.5 3 42 6.3 +2.4
SCHX Schwab U.S. Large-Cap ETF 0.5 3 42 6.3 +2.4
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 41 6.3 +2.4
SCHK Schwab 1000 Index ETF 0.4 5 40 6.2 +2.3
SCHB Schwab U.S. Broad Market ETF 0.4 3 42 6.1 +2.2
VTI Vanguard Total Stock Market Index Fund 0.4 3 42 6.0 +2.1
VTHR Vanguard Russell 3000 Index Fund 0.4 10 35 6.0 +2.1
IWV iShares Russell 3000 ETF 0.4 20 25 5.9 +2.0
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 35 6.5 +2.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 42 6.0 +2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 27 18 5.9 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 27 18 6.2 +2.3
DFAT Dimensional U.S. Targeted Value ETF 0.4 29 16 8.5 +4.5
BUL Pacer US Cash Cows Growth ETF 0.4 60 -15 9.8 +5.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 38 6.3 +2.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 11 34 6.2 +2.3
VV Vanguard Large-Cap Index Fund 0.4 4 41 6.3 +2.4
STRV Strive 500 ETF 0.4 5 40 6.3 +2.3
XVV iShares ESG Screened S&P 500 ETF 0.4 8 37 6.4 +2.5
PFM Invesco Dividend Achievers ETF 0.4 53 -8 6.4 +2.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 34 6.6 +2.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.4 29 16 7.8 +3.9
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 33 7.5 +3.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 38 5.7 +1.8
CSML IQ Chaikin U.S. Small Cap ETF 0.4 35 10 5.7 +1.8
SNPV Xtrackers S&P ESG Value ETF 0.4 15 30 7.3 +3.4
ISCB iShares Morningstar Small-Cap ETF 0.4 4 41 4.7 +0.8
DWAS Invesco DWA SmallCap Momentum ETF 0.4 60 -15 -0.0 -3.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.4 25 20 9.6 +5.7
SCHA Schwab U.S. Small-Cap ETF 0.4 4 41 5.1 +1.2
MGV Vanguard Mega Cap Value ETF 0.4 7 38 7.7 +3.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.4 20 25 19.2 +15.3
FSST Fidelity Sustainability U.S. Equity ETF 0.4 59 -14 6.1 +2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.4 0 45 6.3 +2.4
DLN WisdomTree U.S. LargeCap Dividend Fund 0.4 28 17 7.2 +3.3
IVV iShares Core S&P 500 ETF 0.4 3 42 6.4 +2.5
VOO VANGUARD S&P 500 ETF 0.4 3 42 6.4 +2.5
SPY SPDR S&P 500 ETF Trust 0.4 9 36 6.4 +2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.4 29 16 7.7 +3.8
SPLG SPDR Portfolio S&P 500 ETF 0.4 3 42 6.4 +2.5
FYT First Trust Small Cap Value AlphaDEX Fund 0.4 71 -26 12.0 +8.1
SPTM SPDR Portfolio Total Stock Market ETF 0.4 3 42 6.5 +2.6
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 52 -7 6.2 +2.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.4 29 16 6.1 +2.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 61 -16 8.4 +4.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 6 4.8 +0.9
KOMP SPDR Kensho New Economies Composite ETF 0.3 20 25 0.7 -3.2
EZM WisdomTree U.S. MidCap Earnings Fund 0.3 38 7 10.0 +6.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 40 5 4.8 +0.9
BOUT Innovator IBD Breakout Opportunities ETF 0.3 80 -35 5.4 +1.5
EPS WisdomTree U.S. Earnings 500 Fund 0.3 8 37 7.7 +3.8
IWN iShares Russell 2000 Value ETF 0.3 23 22 5.8 +1.9
TOK iShares MSCI Kokusai ETF 0.3 25 20 6.5 +2.5
VTWV Vanguard Russell 2000 Value Index Fund 0.3 15 30 5.9 +2.0
DFUV Dimensional US Marketwide Value ETF 0.3 23 22 8.4 +4.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 36 6.6 +2.7
IUSS Invesco Strategic US Small Company ETF 0.3 23 22 6.5 +2.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.3 60 -15 5.5 +1.6
URTH iShares MSCI World ETF 0.3 24 21 6.6 +2.6
JSML Janus Henderson Small Cap Growth Alpha ETF 0.3 30 15 10.1 +6.2
IWX iShares Russell Top 200 Value ETF 0.3 20 25 7.4 +3.5
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 30 6.9 +3.0
LVHD Legg Mason Low Volatility High Dividend ETF 0.3 27 18 8.0 +4.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 21 8.6 +4.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 15 30 7.7 +3.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.3 15 30 7.8 +3.8
IJS iShares S&P Small-cap 600 Value ETF 0.3 18 27 7.7 +3.8
QLV FlexShares US Quality Low Volatility Index Fund 0.3 22 23 6.2 +2.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -25 2.5 -1.5
ACVF American Conservative Values ETF 0.3 75 -30 5.5 +1.6
ILCG iShares Morningstar Growth ETF 0.3 4 41 5.1 +1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 16 7.4 +3.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 20 7.3 +3.4
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 -7 8.3 +4.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.3 25 20 6.4 +2.5
CGUS Capital Group Core Equity ETF 0.3 33 12 6.3 +2.4
HEET Hartford Schroders ESG US Equity ETF 0.3 39 6 7.4 +3.5
VT Vanguard Total World Stock ETF 0.3 7 38 6.7 +2.7
ACWI iShares MSCI ACWI ETF 0.3 32 13 6.6 +2.7
DFIC Dimensional International Core Equity 2 ETF 0.3 23 22 7.0 +3.1
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 -4 7.7 +3.8
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 39 4.7 +0.8
FQAL Fidelity Quality Factor ETF 0.2 29 16 7.5 +3.6
TMFC Motley Fool 100 Index ETF 0.2 50 -5 5.2 +1.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 10 8.5 +4.6
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 37 5.9 +1.9
IWF iShares Russell 1000 Growth ETF 0.2 18 27 5.8 +1.8
WKLY SoFi Weekly Dividend ETF 0.2 49 -4 8.4 +4.5
VOOV Vanguard S&P 500 Value ETF 0.2 10 35 6.8 +2.9
IVE iShares S&P 500 Value ETF 0.2 18 27 6.7 +2.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 41 6.9 +3.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -30 6.7 +2.7
IUSV iShares Core S&P U.S. Value ETF 0.2 4 41 7.0 +3.0
VUG Vanguard Growth Index Fund 0.2 4 41 5.4 +1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 30 8.1 +4.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 10 7.4 +3.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.2 75 -30 7.0 +3.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.2 12 33 8.2 +4.3
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.2 15 30 8.1 +4.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 30 6.0 +2.1
MGC Vanguard Mega Cap Index Fund 0.2 7 38 6.3 +2.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 26 7.3 +3.4
IWM iShares Russell 2000 ETF 0.2 19 26 3.9 -0.0
SNPG Xtrackers S&P 500 Growth ESG ETF 0.2 15 30 6.1 +2.2
VTWO Vanguard Russell 2000 Index Fund 0.2 10 35 4.0 +0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.2 40 5 7.3 +3.4
FSMD Fidelity Small-Mid Factor ETF 0.2 29 16 8.3 +4.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.2 30 15 8.2 +4.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 15 8.9 +5.0
SMMD iShares Russell 2500 ETF 0.2 15 30 5.8 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 31 14 8.5 +4.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 25 7.2 +3.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 30 8.0 +4.1
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 27 7.8 +3.9
MDYV SPDR S&P 400 Mid Cap Value ETF 0.1 15 30 7.9 +3.9
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 6 9.4 +5.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.1 15 30 7.8 +3.9
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 28 6.7 +2.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.1 12 33 7.3 +3.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 36 4.4 +0.5
IWL iShares Russell Top 200 ETF 0.1 15 30 6.2 +2.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 59 -14 8.1 +4.1
IJR iShares Core S&P Small Cap ETF 0.1 6 39 7.7 +3.8
SLY SPDR S&P 600 Small Cap ETF 0.1 15 30 7.7 +3.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.1 10 35 7.7 +3.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.1 5 40 7.7 +3.8
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 33 6.9 +3.0
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 15 7.0 +3.1
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 8 37 7.2 +3.3
GSPY Gotham Enhanced 500 ETF 0.1 50 -5 7.0 +3.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.1 39 6 11.3 +7.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.1 28 17 7.3 +3.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.1 19 26 8.2 +4.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -14 3.0 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 36 6.3 +2.4
SSLY Syntax Stratified SmallCap ETF 0.1 35 10 7.3 +3.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 6 8.8 +4.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 33 7.0 +3.1
SQEW LeaderShares Equity Skew ETF 0.1 75 -30 5.4 +1.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 69 -24 10.7 +6.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 24 4.5 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 41 6.7 +2.8
VDNI V-Shares US Leadership Diversity ETF 0.1 29 16 6.8 +2.9
IWO iShares Russell 2000 Growth ETF 0.1 23 22 1.9 -2.0
EES WisdomTree SmallCap Earnings Fund 0.1 38 7 10.2 +6.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.1 36 9 8.9 +5.0
DUHP Dimensional US High Profitability ETF 0.1 22 23 8.3 +4.3
PSC Principal U.S. Small Cap Index ETF 0.1 38 7 8.5 +4.6
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 30 2.0 -1.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 25 8.0 +4.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 39 1.3 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 7 38 7.4 +3.5

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
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 MLP & Energy Infrastructure 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 10.8 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.