Global X MLP & Energy Infrastructure ETF
ALTAR
Score™		 5.2% info Recommen-
dation		 UNDERWEIGHT
2023E    2024E
P/E
ratio		 11.8x P/Sales
ratio		 0.8x
P/BV
ratio		 2.7x Div.
yield		 6.2%


  • 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) $964
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 26
Wgt avg mkt cap (mns) $21,617
Large cap (>$10bn) 63.0%
Mid cap ($2-10bn) 16.1%
Small cap (<$2bn) 3.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENBRIDGE INC 8.9 %
CHENIERE ENERGY INC 8.9 %
WILLIAMS COS INC 8.8 %
TRANSCANADA CORP 8.3 %
KINDER MORGAN INC 6.8 %
ONEOK INC 6.6 %
ENERGY TRANSFER, L.P. 4.7 %
MAGELLAN MIDSTREAM PARTNERS 4.6 %
ENTERPRISE PRODUCTS PARTNERS 4.5 %
PEMBINA PIPELINE CORPORATION 4.5 %
Total 66.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 78.0 %
CANADA 21.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.1% 8.1% 7.4% 5.0% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.92 46%
MSCI EAFE 0.89 46%
MSCI Emg. Mkts. 0.64 23%

Technical Indicators
Recent close $43.09
30d moving avg. $42.57
Annualized volatility 24.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 72
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $909

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 428 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™: 5.2%


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 87.6 48 -3 4.8 -0.4
USAI Pacer American Energy Independence ETF 63.7 75 -30 4.2 -1.0
TPYP Tortoise North American Pipeline Fund 61.8 40 5 5.5 +0.3
UMI USCF Midstream Energy Income Fund ETF 60.4 85 -40 3.0 -2.2
ENFR Alerian Energy Infrastructure ETF 58.9 35 10 4.7 -0.4
EMLP First Trust North American Energy Infrastructure Fund 38.5 95 -50 5.6 +0.4
AMZA InfraCap MLP ETF 32.0 164 -119 2.9 -2.2
AMLP The Alerian MLP ETF 27.5 87 -42 4.1 -1.1
MLPA Global X MLP ETF 27.4 45 0 4.2 -1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 20.1 47 -2 6.1 +0.9
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 17.9 69 -24 7.4 +2.2
RSPG Invesco S&P 500 Equal Weight Energy ETF 16.6 40 5 6.9 +1.7
NDIV Amplify Natural Resources Dividend Income ETF 15.4 59 -14 10.5 +5.3
IVRA Invesco Real Assets ESG ETF 14.4 59 -14 7.6 +2.4
ECLN First Trust EIP Carbon Impact ETF 13.2 96 -51 5.2 +0.0
IGE iShares North American Natural Resources ETF 12.5 41 4 6.4 +1.2
GLIF AGFiQ Global Infrastructure ETF 12.1 45 0 5.7 +0.5
IGF iShares Global Infrastructure ETF 11.9 41 4 5.4 +0.2
GII SPDR S&P Global Infrastructure ETF 11.9 40 5 5.5 +0.3
PXI Invesco DWA Energy Momentum ETF 11.9 60 -15 4.0 -1.2
FXN First Trust Energy AlphaDEX Fund 10.9 61 -16 4.3 -0.8
IYE iShares U.S. Energy ETF 9.8 39 6 6.0 +0.8
VDE Vanguard Energy Index Fund 9.3 10 35 6.2 +1.0
FENY Fidelity MSCI Energy Index ETF 9.3 8 37 6.4 +1.2
DRLL Strive U.S. Energy ETF 9.0 41 4 5.8 +0.7
XLE Energy Select Sector SPDR Fund 8.7 10 35 6.6 +1.4
DIV Global X SuperDividend US ETF 8.4 45 0 8.5 +3.4
FTXN First Trust Nasdaq Oil & Gas ETF 7.7 60 -15 6.6 +1.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.6 30 15 11.4 +6.2
WBIY WBI Power Factor High Dividend ETF 7.5 70 -25 13.3 +8.2
NVIR Horizon Kinetics Energy and Remediation ETF 7.4 85 -40 0.2 -5.0
IFRA iShares U.S. Infrastructure ETF 7.2 30 15 6.4 +1.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 7.1 40 5 8.8 +3.6
SDOG ALPS Sector Dividend Dogs ETF 6.5 36 9 11.7 +6.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.0 52 -7 8.7 +3.6
ICAP InfraCap Equity Income Fund ETF 5.6 171 -126 10.0 +4.9
RNEW VanEck Green Infrastructure ETF 5.5 45 0 0.0 -5.2
YLDE ClearBridge Dividend Strategy ESG ETF 5.4 60 -15 6.0 +0.9
RPG Invesco S&P 500 Pure Growth ETF 5.4 35 10 8.0 +2.8
RBLD First Trust Alerian US NextGen Infrastructure ETF 5.2 65 -20 5.6 +0.4
FLDZ RiverNorth Volition America Patriot ETF 4.9 75 -30 6.5 +1.3
AIVL WisdomTree U.S. AI Enhanced Value Fund 4.9 38 7 7.2 +2.0
PUI Invesco DWA Utilities Momentum ETF 4.4 60 -15 6.1 +0.9
IXC iShares Global Energy ETF 4.4 44 1 7.4 +2.2
MBOX Freedom Day Dividend ETF 4.2 39 6 8.4 +3.2
CSD Invesco S&P Spin-Off ETF 4.2 65 -20 6.5 +1.3
TPHE Timothy Plan High Dividend Stock Enhanced ETF 4.1 54 -9 7.3 +2.2
TPHD Timothy Plan High Dividend Stock ETF 4.1 52 -7 6.9 +1.7
HDV iShares Core High Dividend ETF 4.1 8 37 9.4 +4.2
DIVY Sound Equity Income ETF 4.0 45 0 10.9 +5.7
HAP VanEck Natural Resources ETF 3.9 50 -5 8.2 +3.0
SPYD SPDR S&P 500 High Dividend ETF 3.9 7 38 11.3 +6.1
CVY Invesco Zacks Multi-Asset Income ETF 3.8 100 -55 11.9 +6.7
ARB AltShares Merger Arbitrage ETF 3.7 76 -31 7.5 +2.3
PID Invesco International Dividend Achievers ETF 3.7 56 -11 8.2 +3.1
RYJ Invesco Raymond James SB-1 Equity ETF 3.7 81 -36 4.2 -0.9
IQRA IQ CBRE Real Assets ETF 3.7 65 -20 5.9 +0.8
DIVZ TrueShares Low Volatility Equity Income ETF 3.6 65 -20 9.4 +4.3
IMCV iShares Morningstar Mid-Cap Value ETF 3.3 6 39 9.1 +3.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 3.2 49 -4 5.2 +0.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 3.1 35 10 9.3 +4.2
FDL First Trust Morningstar Dividend Leaders Index Fund 3.1 45 0 11.3 +6.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.0 85 -40 5.8 +0.6
DURA VanEck Morningstar Durable Dividend ETF 3.0 29 16 8.0 +2.9
BUL Pacer US Cash Cows Growth ETF 3.0 60 -15 10.5 +5.3
CLRG IQ Chaikin U.S. Large Cap ETF 2.9 25 20 7.2 +2.0
ROCI ROC ETF 2.9 49 -4 5.3 +0.1
SMIG AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF 2.9 60 -15 8.5 +3.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 2.9 35 10 7.6 +2.5
QDIV Global X S&P 500 Quality Dividend ETF 2.9 20 25 9.8 +4.6
MAGA Point Bridge GOP Stock Tracker ETF 2.8 72 -27 6.9 +1.7
PWV Invesco Dynamic Large Cap Value ETF 2.8 58 -13 9.5 +4.4
PDP Invesco DWA Momentum ETF 2.6 62 -17 4.7 -0.5
SPVM Invesco S&P 500 Value with Momentum ETF 2.6 39 6 9.7 +4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.6 47 -2 9.0 +3.9
FOVL iShares Focused Value Factor ETF 2.5 25 20 11.6 +6.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 2.4 70 -25 5.8 +0.6
NVQ QRAFT AI-Enhanced US Next Value ETF 2.4 75 -30 10.9 +5.7
CNRG SPDR S&P Kensho Clean Power ETF 2.4 45 0 -2.2 -7.3
SUSA iShares MSCI USA ESG Select ETF 2.4 25 20 6.1 +0.9
VCLN Virtus Duff & Phelps Clean Energy ETF 2.3 59 -14 4.2 -1.0
JHDV John Hancock U.S. High Dividend ETF 2.3 34 11 7.3 +2.1
NUMV Nuveen ESG Mid-Cap Value ETF 2.3 31 14 9.1 +3.9
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.3 75 -30 3.6 -1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 2.2 29 16 6.4 +1.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 2.2 18 27 6.3 +1.1
IWP iShares Russell Mid-Cap Growth ETF 2.2 23 22 4.5 -0.7
GVIP Goldman Sachs Hedge Industry VIP ETF 2.2 45 0 4.5 -0.7
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.1 60 -15 6.4 +1.2
KRUZ Unusual Whales Subversive Republican Trading ETF 2.1 75 -30 4.8 -0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.1 24 21 9.2 +4.0
BFOR Barron's 400 ETF 2.1 65 -20 8.7 +3.6
USVT US Value ETF 2.0 49 -4 11.7 +6.5
IMCB iShares Morningstar Mid-Cap ETF 2.0 4 41 6.9 +1.8
COWZ Pacer US Cash Cows 100 ETF 2.0 49 -4 11.4 +6.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.0 4 41 6.9 +1.7
QVAL Alpha Architect U.S. Quantitative Value ETF 2.0 39 6 11.1 +5.9
DVY iShares Select Dividend ETF 2.0 38 7 10.1 +4.9
GCOW Pacer Global High Dividend ETF 1.9 60 -15 14.1 +8.9
DBLV AdvisorShares DoubleLine Value Equity ETF 1.9 91 -46 8.7 +3.6
VRAI Virtus Real Asset Income ETF 1.9 55 -10 9.0 +3.8
SMOT VanEck Morningstar SMID Moat ETF 1.9 49 -4 7.6 +2.4
AMID Argent Mid Cap ETF 1.8 52 -7 8.8 +3.7
TPLC Timothy Plan US Large Cap Core ETF 1.8 52 -7 6.6 +1.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 1.8 58 -13 6.5 +1.4
RFFC RiverFront Dynamic US Flex-Cap ETF 1.8 48 -3 5.7 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 1.7 59 -14 4.3 -0.8
AVUV Avantis U.S. Small Cap Value ETF 1.7 25 20 10.6 +5.4
AVLV Avantis U.S. Large Cap Value ETF 1.7 15 30 8.7 +3.5
EQAL Invesco Russell 1000 Equal Weight ETF 1.7 20 25 7.2 +2.1
DHS WisdomTree U.S. High Dividend Fund 1.7 38 7 9.8 +4.6
NTZG Nuveen Global Net Zero Transition ETF 1.7 55 -10 5.4 +0.3
SXQG 6 Meridian Quality Growth ETF 1.7 100 -55 5.0 -0.2
VOE Vanguard Mid-Cap Value Index Fund 1.6 7 38 8.4 +3.2
FPAG FPA Global Equity ETF 1.6 49 -4 6.1 +0.9
JOET Virtus Terranova US Quality Momentum ETF 1.6 29 16 6.3 +1.1
VFVA Vanguard U.S. Value Factor ETF 1.6 13 32 11.5 +6.4
STLV iShares Factors US Value Style ETF 1.6 25 20 9.4 +4.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 1.5 35 10 9.5 +4.3
SPGP Invesco S&P 500 GARP ETF 1.5 36 9 9.3 +4.1
NULV Nuveen ESG Large-Cap Value ETF 1.4 26 19 7.9 +2.7
VO Vanguard Mid-Cap Index Fund 1.4 4 41 6.7 +1.5
JHSC John Hancock Multifactor Small Cap ETF 1.4 42 3 7.1 +1.9
IWR iShares Russell Midcap ETF 1.4 18 27 6.6 +1.4
ESGS Columbia Sustainable U.S. Equity Income ETF 1.4 35 10 7.2 +2.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.4 35 10 8.3 +3.1
MOTE VanEck Morningstar ESG Moat ETF 1.4 49 -4 6.3 +1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.4 20 25 5.8 +0.6
LGLV SPDR Russell 1000 Low Volatility ETF 1.4 12 33 5.9 +0.8
PSCE Invesco S&P SmallCap Energy ETF 1.4 29 16 4.6 -0.5
PXJ Invesco Dynamic Oil & Gas Services ETF 1.4 63 -18 -0.7 -5.8
XES SPDR S&P Oil & Gas Equipment & Services ETF 1.4 35 10 -2.2 -7.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.4 30 15 11.6 +6.5
PSET Principal Price Setters Index ETF 1.4 15 30 6.6 +1.5
DON WisdomTree U.S. MidCap Dividend Fund 1.3 38 7 9.6 +4.5
SYLD Cambria Shareholder Yield ETF 1.3 59 -14 11.7 +6.5
VOT Vanguard Mid-Cap Growth Index Fund 1.2 7 38 5.1 -0.1
XMLV Invesco S&P MidCap Low Volatility ETF 1.2 25 20 7.4 +2.2
IEZ iShares U.S. Oil Equipment & Services ETF 1.2 40 5 0.6 -4.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 1.2 29 16 10.9 +5.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.2 18 27 8.7 +3.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.2 15 30 6.2 +1.0
DEW WisdomTree Global High Dividend Fund 1.2 58 -13 10.1 +4.9
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -26 2.0 -3.1
SSPY Syntax Stratified LargeCap ETF 1.1 30 15 7.4 +2.2
RNSC Small Cap US Equity Select ETF 1.1 60 -15 8.9 +3.7
IWS iShares Russell Mid-Cap Value ETF 1.1 23 22 7.6 +2.5
SPMO Invesco S&P 500 Momentum ETF 1.1 13 32 7.0 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.1 63 -18 3.5 -1.7
FUNL CornerCap Fundametrics Large-Cap ETF 1.1 50 -5 8.3 +3.2
BLES Inspire Global Hope Large Cap ETF 1.1 61 -16 7.1 +2.0
FDLO Fidelity Low Volatility Factor ETF 1.0 29 16 5.8 +0.6
FCG First Trust Natural Gas ETF 1.0 60 -15 9.2 +4.1
BRNY Burney U.S. Factor Rotation ETF 1.0 79 -34 6.6 +1.4
LSAF LeaderShares AlphaFactor US Core Equity ETF 1.0 75 -30 8.3 +3.1
VYM Vanguard High Dividend Yield Index ETF 1.0 6 39 8.2 +3.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 1.0 9 36 7.0 +1.8
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.0 60 -15 7.8 +2.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 25 6.9 +1.7
VAMO Cambria Value & Momentum ETF 1.0 64 -19 11.5 +6.3
JHMM John Hancock Multifactor Mid Cap ETF 1.0 41 4 7.7 +2.5
RNDV US Equity Dividend Select ETF 1.0 50 -5 10.3 +5.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 1.0 35 10 7.1 +1.9
VBK Vanguard Small-Cap Growth Index Fund 1.0 7 38 1.5 -3.7
SDIV Global X SuperDividend ETF 1.0 58 -13 18.3 +13.1
SCHD Schwab U.S. Dividend Equity ETF 1.0 6 39 9.4 +4.2
DES WisdomTree U.S. SmallCap Dividend Fund 1.0 38 7 9.8 +4.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 1.0 36 9 7.0 +1.9
FSST Fidelity Sustainability U.S. Equity ETF 1.0 59 -14 5.7 +0.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.9 15 30 7.2 +2.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.9 17 28 7.2 +2.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.9 15 30 7.2 +2.0
RNLC Large Cap US Equity Select ETF 0.9 60 -15 7.5 +2.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.9 20 25 8.8 +3.6
AVUS Avantis U.S. Equity ETF 0.9 15 30 6.9 +1.7
STXV Strive 1000 Value ETF 0.9 18 27 8.4 +3.2
SPLV Invesco S&P 500 Low Volatility ETF 0.9 25 20 6.2 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 0.9 25 20 6.4 +1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.9 17 28 8.0 +2.8
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 -30 7.5 +2.3
VXF Vanguard Extended Market Index Fund 0.9 6 39 4.3 -0.9
RSP Invesco S&P 500 Equal Weight ETF 0.9 20 25 7.1 +2.0
SIZE iShares MSCI USA Size Factor ETF 0.9 15 30 6.8 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 0.9 59 -14 7.1 +2.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.9 17 28 6.3 +1.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.8 13 32 6.4 +1.3
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 39 9.1 +3.9
SUSL iShares ESG MSCI USA Leaders ETF 0.8 10 35 5.9 +0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.8 10 35 6.0 +0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.8 20 25 7.9 +2.8
DIVB iShares Core Dividend 0.8 5 40 9.0 +3.8
EUSA iShares MSCI USA Equal Weighted ETF 0.8 9 36 7.0 +1.8
IUS Invesco Strategic US ETF 0.8 19 26 8.1 +2.9
PY Principal Shareholder Yield Index ETF 0.8 15 30 8.5 +3.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 0.8 35 10 9.3 +4.1
NULC Nuveen ESG Large-Cap ETF 0.8 21 24 6.0 +0.8
EVUS iShares ESG Aware MSCI USA Value ETF 0.8 18 27 7.7 +2.5
GVLU Gotham 1000 Value ETF 0.8 50 -5 9.6 +4.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.8 80 -35 7.1 +1.9
VB Vanguard Small-Cap ETF 0.7 5 40 6.2 +1.0
TTAC TrimTabs US Free Cash Flow Quality ETF 0.7 59 -14 6.8 +1.6
ILCV iShares Morningstar Value ETF 0.7 4 41 7.7 +2.5
SMDY Syntax Stratified MidCap ETF 0.7 35 10 8.0 +2.9
DFSV Dimensional US Small Cap Value ETF 0.7 31 14 9.6 +4.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 39 4.8 -0.4
YPS Arrow Reverse Cap 500 ETF 0.7 29 16 6.8 +1.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.7 17 28 6.6 +1.4
RVRB Reverb ETF 0.7 30 15 5.8 +0.6
DUHP Dimensional US High Profitability ETF 0.7 21 24 8.1 +3.0
PRF Invesco FTSE RAFI US 1000 ETF 0.7 39 6 7.6 +2.4
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.7 15 30 7.4 +2.2
SFY SoFi Select 500 ETF 0.7 0 45 5.6 +0.5
XJH iShares ESG Screened S&P Mid-Cap ETF 0.7 12 33 8.2 +3.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 -16 8.4 +3.2
JGRO JPMorgan Active Growth ETF 0.6 44 1 4.0 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 0.6 12 33 8.3 +3.1
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -25 12.3 +7.1
NACP Impact Shares NAACP Minority Empowerment ETF 0.6 49 -4 5.6 +0.5
SCHM Schwab U.S. Mid-Cap ETF 0.6 4 41 6.7 +1.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.6 12 33 6.1 +0.9
ONEY SPDR Russell 1000 Yield Focus ETF 0.6 20 25 11.4 +6.2
VTV Vanguard Value Index Fund 0.6 4 41 7.8 +2.6
DTD WisdomTree U.S.Total Dividend Fund 0.6 28 17 7.4 +2.3
MDY SPDR S&P Midcap 400 ETF Trust 0.6 23 22 8.0 +2.9
DGT SPDR Global Dow ETF 0.6 50 -5 7.5 +2.3
FVD First Trust Value Line Dividend Index Fund 0.6 65 -20 6.8 +1.6
IJH iShares Core S&P Mid-Cap ETF 0.6 5 40 8.2 +3.1
SPMD SPDR Portfolio Mid Cap ETF 0.6 3 42 8.2 +3.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.6 10 35 8.2 +3.0
VONV Vanguard Russell 1000 Value Index Fund 0.6 8 37 7.5 +2.3
IWD iShares Russell 1000 Value ETF 0.6 19 26 7.4 +2.2
JHML John Hancock Multifactor Large Cap ETF 0.6 29 16 6.4 +1.2
STXK Strive Small-Cap ETF 0.6 18 27 5.8 +0.6
VBR Vanguard Small Cap Value Index Fund 0.6 7 38 9.2 +4.0
DFAU Dimensional US Core Equity Market ETF 0.6 12 33 6.0 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 0.5 15 30 5.9 +0.7
USMV iShares Edge MSCI Min Vol USA ETF 0.5 15 30 6.4 +1.2
RPV Invesco S&P 500 Pure Value ETF 0.5 35 10 12.2 +7.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.5 15 30 8.7 +3.5
DFAS Dimensional U.S. Small Cap ETF 0.5 26 19 6.9 +1.7
SCHV Schwab U.S. Large-Cap Value ETF 0.5 4 41 7.5 +2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.5 25 20 7.7 +2.6
XSMO Invesco S&P SmallCap Momentum ETF 0.5 39 6 6.1 +1.0
AVSC Avantis U.S Small Cap Equity ETF 0.5 25 20 5.4 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 20 7.6 +2.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.5 47 -2 10.0 +4.9
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.5 15 30 6.0 +0.8
BUZZ VanEck Social Sentiment ETF 0.5 75 -30 1.1 -4.1
FMIL Fidelity New Millennium ETF 0.5 59 -14 6.1 +0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.5 25 20 10.0 +4.8
FQAL Fidelity Quality Factor ETF 0.5 29 16 6.1 +0.9
RNMC Mid Cap US Equity Select ETF 0.5 60 -15 8.8 +3.6
KRMA Global X Conscious Companies ETF 0.5 43 2 6.4 +1.2
BTHM BlackRock Future U.S. Themes ETF 0.5 60 -15 6.0 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 41 6.6 +1.4
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 17 9.4 +4.2
IUSG iShares Core S&P US Growth ETF 0.5 4 41 6.0 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 0.5 28 17 7.1 +1.9
RWL Invesco S&P 500 Revenue ETF 0.5 39 6 7.4 +2.3
SNPG Xtrackers S&P 500 Growth ESG ETF 0.5 15 30 5.5 +0.4
WKLY SoFi Weekly Dividend ETF 0.5 49 -4 8.5 +3.4
VFMF Vanguard U.S. Multifactor ETF 0.5 18 27 9.5 +4.4
SPXT ProShares S&P 500 Ex-Technology ETF 0.5 9 36 6.3 +1.2
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 -7 8.6 +3.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 36 5.2 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.5 20 25 5.7 +0.5
SCHA Schwab U.S. Small-Cap ETF 0.5 4 41 5.6 +0.5
SHE SPDR SSGA Gender Diversity Index ETF 0.5 20 25 6.0 +0.8
IVW iShares S&P 500 Growth ETF 0.5 18 27 5.8 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 0.4 4 41 6.0 +0.8
VOOG Vanguard S&P 500 Growth ETF 0.4 10 35 5.9 +0.7
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 0.4 39 6 6.4 +1.3
DWAS Invesco DWA SmallCap Momentum ETF 0.4 60 -15 1.4 -3.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 30 8.2 +3.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.4 25 20 6.6 +1.4
DFAI Dimensional International Core Equity Market ETF 0.4 18 27 7.8 +2.6
EGUS iShares ESG Aware MSCI USA Growth ETF 0.4 15 30 5.0 -0.2
VOTE Engine No. 1 Transform 500 ETF 0.4 5 40 5.8 +0.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.4 37 8 8.6 +3.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.4 35 10 8.6 +3.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.4 7 38 6.0 +0.8
ISCB iShares Morningstar Small-Cap ETF 0.4 4 41 5.9 +0.7
DFUS Dimensional U.S. Equity ETF 0.4 9 36 5.8 +0.7
STRV Strive 500 ETF 0.4 5 40 5.8 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.4 2 43 5.9 +0.7
IYY iShares Dow Jones U.S. ETF 0.4 20 25 5.8 +0.6
VONE Vanguard Russell 1000 ETF 0.4 8 37 5.8 +0.7
IWB iShares Russell 1000 ETF 0.4 15 30 5.8 +0.6
PFM Invesco Dividend Achievers ETF 0.4 53 -8 6.4 +1.2
PBUS Invesco PureBeta MSCI USA ETF 0.4 4 41 5.9 +0.8
GDEF Goldman Sachs Defensive Equity ETF 0.4 55 -10 5.1 -0.0
ILCB iShares Morningstar U.S. Equity ETF 0.4 3 42 5.9 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.4 3 42 5.8 +0.6
SCHB Schwab U.S. Broad Market ETF 0.4 3 42 5.9 +0.7
VTHR Vanguard Russell 3000 Index Fund 0.4 10 35 5.7 +0.5
SCHK Schwab 1000 Index ETF 0.4 5 40 6.0 +0.8
IWV iShares Russell 3000 ETF 0.4 20 25 5.6 +0.5
DFUV Dimensional US Marketwide Value ETF 0.4 22 23 8.6 +3.5
VTWV Vanguard Russell 2000 Value Index Fund 0.4 15 30 7.0 +1.8
SCHX Schwab U.S. Large-Cap ETF 0.4 3 42 5.9 +0.8
IWN iShares Russell 2000 Value ETF 0.4 24 21 7.0 +1.9
VTI Vanguard Total Stock Market Index Fund 0.4 3 42 5.7 +0.5
CZA Invesco Zacks Mid-Cap ETF 0.4 69 -24 7.3 +2.1
DFIC Dimensional International Core Equity 2 ETF 0.4 23 22 8.1 +2.9
SPXN ProShares S&P 500 Ex-Financials ETF 0.4 9 36 6.0 +0.8
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 33 9.5 +4.3
MGV Vanguard Mega Cap Value ETF 0.4 7 38 7.5 +2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.4 7 38 5.8 +0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.4 11 34 5.9 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.4 9 36 5.6 +0.5
LVHD Legg Mason Low Volatility High Dividend ETF 0.4 27 18 9.3 +4.1
SNPE Xtrackers S&P 500 ESG ETF 0.4 10 35 6.0 +0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 6 4.8 -0.4
VV Vanguard Large-Cap Index Fund 0.4 4 41 5.8 +0.7
EZM WisdomTree U.S. MidCap Earnings Fund 0.4 38 7 11.1 +6.0
XVV iShares ESG Screened S&P 500 ETF 0.4 8 37 5.9 +0.7
IQSU IQ Candriam ESG US Equity ETF 0.4 9 36 5.5 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.4 9 36 6.6 +1.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.4 11 34 6.2 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.3 20 25 5.8 +0.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 15 30 10.0 +4.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.3 15 30 10.1 +4.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.3 25 20 6.9 +1.7
IJS iShares S&P Small-cap 600 Value ETF 0.3 18 27 10.1 +4.9
DFLV Dimensional US Large Cap Value ETF 0.3 22 23 9.1 +3.9
IVV iShares Core S&P 500 ETF 0.3 3 42 6.0 +0.8
SPY SPDR S&P 500 ETF Trust 0.3 9 36 5.9 +0.8
DSI iShares MSCI KLD 400 Social ETF 0.3 25 20 5.9 +0.8
VOO VANGUARD S&P 500 ETF 0.3 3 42 6.0 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 0.3 3 42 6.2 +1.0
SPLG SPDR Portfolio S&P 500 ETF 0.3 2 43 6.0 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.3 29 16 5.8 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 30 6.7 +1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 16 8.4 +3.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 59 -14 8.3 +3.1
TOK iShares MSCI Kokusai ETF 0.3 25 20 6.2 +1.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 21 8.9 +3.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 36 6.5 +1.3
PKW Invesco Buyback Achievers ETF 0.3 64 -19 9.0 +3.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 31 5.9 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 0.3 8 37 7.2 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -30 6.3 +1.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 41 4.9 -0.3
NUSC Nuveen ESG Small-Cap ETF 0.3 31 14 6.2 +1.1
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 73 -28 11.9 +6.8
URTH iShares MSCI World ETF 0.3 24 21 6.4 +1.3
SNPV Xtrackers S&P ESG Value ETF 0.3 15 30 6.7 +1.5
IWF iShares Russell 1000 Growth ETF 0.3 19 26 5.3 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 0.3 8 37 5.4 +0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 38 5.9 +0.7
ROUS Hartford Multifactor US Equity ETF 0.3 19 26 8.3 +3.2
IWM iShares Russell 2000 ETF 0.3 19 26 4.6 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 16 7.6 +2.4
VTWO Vanguard Russell 2000 Index Fund 0.3 10 35 4.6 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 33 5.5 +0.3
IWX iShares Russell Top 200 Value ETF 0.3 20 25 7.2 +2.0
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 21 7.3 +2.1
ACWI iShares MSCI ACWI ETF 0.3 32 13 6.5 +1.3
VSLU Applied Finance Valuation Large Cap ETF 0.3 49 -4 6.6 +1.4
JAVA JPMorgan Active Value ETF 0.3 44 1 6.8 +1.6
VT Vanguard Total World Stock ETF 0.3 7 38 6.6 +1.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 33 8.6 +3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -22 11.0 +5.9
CSML IQ Chaikin U.S. Small Cap ETF 0.2 35 10 6.8 +1.6
ACVF American Conservative Values ETF 0.2 75 -30 5.1 -0.0
DIHP Dimensional International High Profitability ETF 0.2 29 16 8.6 +3.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 30 5.6 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.2 19 26 7.1 +2.0
CGUS Capital Group Core Equity ETF 0.2 33 12 5.7 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -30 5.5 +0.3
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.2 15 30 8.5 +3.4
SFYX Sofi Next 500 ETF 0.2 0 45 6.2 +1.0
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 30 9.4 +4.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 27 9.2 +4.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 30 9.3 +4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 15 7.6 +2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 15 8.7 +3.6
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 32 2.7 -2.4
VOOV Vanguard S&P 500 Value ETF 0.2 10 35 6.5 +1.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.2 39 6 10.0 +4.9
IVE iShares S&P 500 Value ETF 0.2 18 27 6.4 +1.3
HAPI Harbor Corporate Culture ETF 0.2 36 9 5.5 +0.3
IUSV iShares Core S&P U.S. Value ETF 0.2 4 41 6.8 +1.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 0.2 30 15 9.2 +4.0
FSMD Fidelity Small-Mid Factor ETF 0.2 29 16 8.3 +3.1
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 41 6.6 +1.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 33 7.9 +2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 25 7.5 +2.4
HDUS Hartford Disciplined US Equity ETF 0.2 19 26 7.0 +1.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 30 8.5 +3.3
TMFC Motley Fool 100 Index ETF 0.2 50 -5 4.5 -0.7
VUG Vanguard Growth Index Fund 0.2 4 41 4.8 -0.3
STXG Strive 1000 Growth ETF 0.2 18 27 5.1 -0.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 42 8.6 +3.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 35 8.5 +3.3
IJR iShares Core S&P Small Cap ETF 0.2 6 39 8.5 +3.3
MGC Vanguard Mega Cap Index Fund 0.2 7 38 5.7 +0.5
SMMD iShares Russell 2500 ETF 0.2 15 30 6.8 +1.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 6 9.7 +4.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 0.1 39 6 13.3 +8.1
IWO iShares Russell 2000 Growth ETF 0.1 24 21 1.8 -3.4
ILCG iShares Morningstar Growth ETF 0.1 4 41 4.6 -0.6
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 30 1.7 -3.4
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -30 4.8 -0.3
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 0.1 19 26 8.5 +3.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 0.1 28 17 6.5 +1.3
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 27 6.7 +1.5
PSC Principal U.S. Small Cap Index ETF 0.1 38 7 8.6 +3.4
GSPY Gotham Enhanced 500 ETF 0.1 50 -5 6.2 +1.0
IWL iShares Russell Top 200 ETF 0.1 15 30 5.6 +0.4
SSLY Syntax Stratified SmallCap ETF 0.1 40 5 8.1 +2.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 33 8.5 +3.3
AIEQ AI Powered Equity ETF 0.1 75 -30 5.3 +0.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 6 11.8 +6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 36 6.4 +1.2
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 16 6.7 +1.5
EES WisdomTree SmallCap Earnings Fund 0.1 38 7 12.5 +7.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -14 2.3 -2.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 24 4.2 -1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 20 8.7 +3.5
VDNI V-Shares US Leadership Diversity ETF 0.1 29 16 6.2 +1.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 25 9.0 +3.8
KOMP SPDR Kensho New Economies Composite ETF 0.1 20 25 -0.4 -5.5
LRGF iShares Edge MSCI Multifactor USA ETF 0.0 8 37 6.9 +1.7
JQUA JPMorgan U.S. Quality Factor ETF 0.0 12 33 6.5 +1.4
SQEW LeaderShares Equity Skew ETF 0.0 75 -30 5.8 +0.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 39 2.3 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 37 8.1 +3.0

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.6 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 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.