Global X India Active ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 1.9x
P/BV
ratio		 3.2x Div.
yield		 1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
NDIA is an actively managed ETF offering exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxetfs.com/ndia
Inception date Aug 17, 2023
Assets (mns) $46
Currency USD
Expense ratio 75 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $54,073
Large cap (>$10bn) 86.3%
Mid cap ($2-10bn) 9.3%
Small cap (<$2bn) 2.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
HDFC BANK LIMITED 9.2 %
RELIANCE INDS-SPONS GDR 144A 8.8 %
ICICI BANK LTD-SPON ADR 7.3 %
INFOSYS TECHNOLOGIES-SP ADR 5.6 %
BHARTI AIRTEL LIMITED 5.2 %
AXIS BANK LIMITED 5.2 %
LARSEN & TOUBRO LIMITED 3.9 %
TATA CONSULTANCY SVS LTD 3.9 %
ULTRATECH CEMENT LTD 3.7 %
PRESTIGE ESTATES PROJECTS 3.7 %
Total 56.5 %

TOP COUNTRY EXPOSURE
INDIA 96.1 %
UNITED STATES 2.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
7.2% -0.9% -- -- 11.8%

Market Correlations
versus... Beta R-squared
S&P500 0.24 5%
MSCI EAFE 0.25 6%
MSCI Emg. Mkts. 0.52 16%

Technical Indicators
Recent close $30.46
30d moving avg. $30.29
Annualized volatility 15.2%
Short interest (ETF) 0.9%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $390

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 247 potential alternatives to the Global X India Active ETF ETF based on the alternatives' overlap in portfolio holdings with NDIA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NDIA Expense: 75 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NDIA
Ticker Fund
Name		 Overlap1
vs NDIA
(%)		 Expense
ratio
(bp)		 Savings
vs NDIA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NDIA
(%)
INDY iShares India 50 ETF 33.7 89 -14 4.7 -0.1
INDA iShares MSCI India ETF 29.2 65 10 4.4 -0.3
DGIN VanEck Digital India ETF 27.4 71 4 2.0 -2.7
FLIN Franklin FTSE India ETF 26.1 19 56 4.0 -0.8
PIN Invesco India ETF 25.0 78 -3 4.4 -0.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 24.1 80 -5 5.0 +0.3
EPI WisdomTree India Earnings Fund 18.9 85 -10 4.8 +0.1
INDF Nifty India Financials ETF 18.2 75 0 6.4 +1.7
INCO Columbia India Consumer ETF 14.5 75 0 1.9 -2.8
EMC Global X Emerging Markets Great Consumer ETF 10.9 75 0 8.8 +4.1
GLIN VanEck India Growth Leaders ETF 10.4 77 -2 6.4 +1.7
STXE Strive Emerging Markets Ex-China ETF 10.1 32 43 7.8 +3.1
BKF iShares MSCI BIC ETF 9.8 69 6 13.2 +8.5
GMF SPDR S&P Emerging Asia Pacific ETF 9.4 49 26 9.4 +4.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.7 24 51 8.2 +3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.9 32 43 9.2 +4.5
SPEM SPDR Portfolio Emerging Markets ETF 7.5 7 68 10.6 +5.8
CRAK VanEck Oil Refiners ETF 7.5 61 14 14.2 +9.5
XC WisdomTree Emerging Markets Ex-China Fund 7.4 32 43 6.2 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 7.1 25 50 7.7 +3.0
XCEM Columbia EM Core ex-China ETF 6.9 16 59 8.1 +3.4
XCNY SPDR S&P Emerging Markets ex-China ETF 6.7 15 60 7.7 +3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.6 95 -20 12.7 +8.0
MEM Matthews Emerging Markets Equity Active ETF 6.4 79 -4 7.9 +3.2
RNEM First Trust Emerging Markets Equity Select ETF 6.3 75 0 7.1 +2.3
EEMA iShares MSCI Emerging Markets Asia ETF 6.3 49 26 10.0 +5.3
IPAV Global X Infrastructure Development ex-U.S. ETF 6.3 55 20 7.6 +2.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.2 25 50 6.5 +1.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.0 53 22 7.7 +3.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.9 20 55 10.7 +5.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.8 30 45 9.9 +5.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.7 70 5 9.2 +4.5
CIBR First Trust NASDAQ Cybersecurity ETF 5.6 60 15 3.9 -0.9
MINV Matthews Asia Innovators Active ETF 5.5 79 -4 7.5 +2.7
EMXF iShares ESG Advanced MSCI EM ETF 5.4 16 59 8.4 +3.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.3 75 0 9.9 +5.2
LDEM iShares ESG MSCI EM Leaders ETF 5.2 17 58 13.1 +8.4
JHEM John Hancock Multifactor Emerging Markets ETF 5.2 49 26 10.4 +5.7
FLAX Franklin FTSE Asia Ex Japan ETF 5.2 19 56 9.4 +4.6
DFAE Dimensional Emerging Core Equity Market ETF 5.1 35 40 9.4 +4.7
EEM iShares MSCI Emerging Markets ETF 5.0 69 6 10.2 +5.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.0 30 45 10.3 +5.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.0 32 43 6.8 +2.1
INQQ India Internet & Ecommerce ETF 5.0 86 -11 1.2 -3.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.8 60 15 11.0 +6.3
BKEM BNY Mellon Emerging Markets Equity ETF 4.8 11 64 10.1 +5.4
DEHP Dimensional Emerging Markets High Profitability ETF 4.8 41 34 6.8 +2.1
VWO Vanguard FTSE Emerging Markets ETF 4.8 7 68 10.5 +5.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.7 66 9 9.8 +5.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.7 36 39 9.8 +5.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.6 40 35 7.1 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.6 33 42 8.7 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.6 15 60 10.3 +5.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.6 65 10 7.4 +2.7
IEMG iShares Core MSCI Emerging Markets ETF 4.4 9 66 10.4 +5.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.1 38 37 9.4 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 4.0 36 39 7.8 +3.1
EMGF iShares Emerging Markets Equity Factor ETF 4.0 25 50 11.8 +7.1
AVEM Avantis Emerging Markets Equity ETF 4.0 33 42 9.1 +4.4
EMMF WisdomTree Emerging Markets Multifactor Fund 3.9 48 27 7.8 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.8 50 25 11.4 +6.6
SCHE Schwab Emerging Markets Equity ETF 3.6 11 64 11.1 +6.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.5 41 34 8.8 +4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.5 45 30 10.4 +5.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.5 15 60 8.1 +3.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.5 60 15 7.2 +2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.4 29 46 6.4 +1.7
ESGE iShares ESG Aware MSCI EM ETF 3.4 25 50 10.0 +5.3
ROAM Hartford Multifactor Emerging Markets ETF 3.4 44 31 12.0 +7.2
AVSE Avantis Responsible Emerging Markets Equity ETF 3.4 33 42 8.5 +3.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.2 86 -11 0.8 -3.9
PXH Invesco FTSE RAFI Emerging Markets ETF 3.2 49 26 15.9 +11.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 42 10.1 +5.3
NXTG First Trust Indxx NextG ETF 2.9 70 5 5.3 +0.6
DFEV Dimensional Emerging Markets Value ETF 2.8 43 32 13.2 +8.5
GNR SPDR S&P Global Natural Resources ETF 2.8 40 35 11.6 +6.9
ABLG Abacus FCF International Leaders ETF 2.8 59 16 6.5 +1.7
FDEM Fidelity Emerging Markets Multifactor ETF 2.6 25 50 12.8 +8.1
ECON Columbia Emerging Markets Consumer ETF 2.6 49 26 12.3 +7.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.5 88 -13 9.4 +4.6
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 45 7.8 +3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.4 59 16 11.7 +7.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.4 86 -11 13.3 +8.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.3 39 36 16.2 +11.5
ACWV iShares MSCI Global Min Vol Factor ETF 2.3 20 55 6.0 +1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.9 +9.2
FXZ First Trust Materials AlphaDEX Fund 2.1 61 14 10.8 +6.1
RSHO Tema American Reshoring ETF 2.1 75 0 4.8 +0.0
COWS Amplify Cash Flow Dividend Leaders ETF 2.0 0 75 12.3 +7.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.0 35 40 19.2 +14.5
AADR AdvisorShares Dorsey Wright ADR ETF 2.0 110 -35 5.1 +0.4
AVES Avantis Emerging Markets Value ETF 1.9 36 39 11.5 +6.8
CGXU Capital Group International Focus Equity ETF 1.9 54 21 5.8 +1.0
PID Invesco International Dividend Achievers ETF 1.8 53 22 5.6 +0.8
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 0 5.1 +0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.7 44 31 11.0 +6.3
TTAI FCF International Quality ETF 1.6 59 16 7.0 +2.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 30 10.8 +6.0
FAN First Trust Global Wind Energy ETF 1.6 60 15 4.5 -0.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 15 10.2 +5.4
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 4 71 8.2 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.5 34 41 7.9 +3.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 57 7.9 +3.1
SRHQ SRH U.S. Quality ETF 1.4 35 40 7.9 +3.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -5 12.2 +7.5
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 68 8.1 +3.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 0 3.1 -1.6
VXUS Vanguard Total International Stock ETF 1.3 5 70 8.1 +3.3
RGEF Rockefeller Global Equity ETF 1.3 55 20 4.9 +0.2
FRDM Freedom 100 Emerging Markets ETF 1.2 49 26 8.8 +4.1
VSGX Vanguard ESG International Stock ETF 1.2 10 65 8.0 +3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 34 7.7 +3.0
HAP VanEck Natural Resources ETF 1.2 50 25 9.7 +5.0
SMIN iShares MSCI India Small Cap ETF 1.2 79 -4 3.6 -1.2
KNCT Invesco Next Gen Connectivity ETF 1.1 40 35 5.0 +0.3
MGMT Ballast Small/Mid Cap ETF 1.0 110 -35 9.2 +4.5
SYLD Cambria Shareholder Yield ETF 1.0 59 16 12.0 +7.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 45 8.1 +3.4
DGT SPDR Global Dow ETF 0.9 50 25 7.3 +2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 46 8.9 +4.1
UMMA Wahed Dow Jones Islamic World ETF 0.8 65 10 5.1 +0.4
FILL iShares MSCI Global Energy Producers ETF 0.8 39 36 12.0 +7.3
IYM iShares U.S. Basic Materials ETF 0.7 40 35 6.6 +1.9
APIE ActivePassive International Equity ETF 0.7 45 30 7.5 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 66 5.9 +1.2
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.6 49 26 12.1 +7.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 5 11.5 +6.8
JIG JPMorgan International Growth ETF 0.6 55 20 4.7 -0.0
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.6 55 20 10.6 +5.9
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.6 43 32 6.4 +1.7
GINX SGI Enhanced Global Income ETF 0.6 98 -23 7.0 +2.3
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 10 9.1 +4.3
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 65 5.9 +1.2
VT Vanguard Total World Stock ETF 0.5 6 69 6.0 +1.3
ACWI iShares MSCI ACWI ETF 0.5 32 43 5.7 +0.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.5 63 12 13.2 +8.5
FVD First Trust Value Line Dividend Index Fund 0.4 65 10 6.4 +1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 55 5.8 +1.1
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 33 6.9 +2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 63 5.2 +0.5
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.7 -0.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.4 50 25 5.4 +0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 51 8.4 +3.6
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 57 9.0 +4.3
XT iShares Exponential Technologies ETF 0.4 46 29 4.8 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 60 9.1 +4.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 10 65 9.1 +4.3
RODE Hartford Multifactor Diversified International ETF 0.3 29 46 12.7 +8.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 15 7.8 +3.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 63 8.1 +3.3
GVLU Gotham 1000 Value ETF 0.3 50 25 9.2 +4.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 5 7.7 +3.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 60 8.2 +3.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 55 7.0 +2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 6.8 +2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 71 6.2 +1.5
DFSV Dimensional US Small Cap Value ETF 0.3 31 44 10.6 +5.9
STXK Strive Small-Cap ETF 0.2 18 57 6.3 +1.5
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 16 4.3 -0.4
ISMD Inspire Small/Mid Cap ETF 0.2 54 21 6.2 +1.5
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 28 9.3 +4.6
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 37 9.0 +4.3
EZM WisdomTree U.S. MidCap Fund 0.2 38 37 9.4 +4.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 57 7.9 +3.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 51 8.0 +3.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 28 8.5 +3.8
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 69 9.6 +4.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 36 9.7 +5.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 8 10.4 +5.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 63 7.3 +2.6
VYMI Vanguard International High Dividend Yield ETF 0.2 17 58 9.9 +5.2
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 55 9.0 +4.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 60 7.6 +2.9
IJH iShares Core S&P Mid-Cap ETF 0.2 5 70 7.6 +2.9
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 51 7.4 +2.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 68 7.5 +2.8
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 55 9.8 +5.1
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 72 7.6 +2.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 6.7 +2.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 68 6.3 +1.5
VBR Vanguard Small Cap Value ETF 0.1 7 68 9.3 +4.6
SCHA Schwab U.S. Small-Cap ETF 0.1 4 71 6.3 +1.6
GLOF iShares Global Equity Factor ETF 0.1 20 55 6.7 +2.0
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 71 6.9 +2.1
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 67 4.5 -0.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 62 11.5 +6.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 55 7.9 +3.1
ISCB iShares Morningstar Small-Cap ETF 0.1 4 71 6.3 +1.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 33 6.6 +1.9
VIS Vanguard Industrials ETF 0.1 9 66 4.6 -0.2
SFYX SoFi Next 500 ETF 0.1 0 75 6.0 +1.3
VB Vanguard Small-Cap ETF 0.1 5 70 6.3 +1.5
SMMD iShares Russell 2500 ETF 0.1 15 60 6.5 +1.7
EBI Longview Advantage ETF 0.1 35 40 6.8 +2.0
DEW WisdomTree Global High Dividend Fund 0.1 58 17 8.7 +4.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 57 7.1 +2.3
VXF Vanguard Extended Market ETF 0.1 5 70 4.8 +0.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 47 9.8 +5.0
IWS iShares Russell Mid-Cap Value ETF 0.1 23 52 6.9 +2.2
IGRO iShares International Dividend Growth ETF 0.1 15 60 7.3 +2.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 58 7.1 +2.4
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 47 5.6 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.8 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 6.6 +1.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 7.8 +3.0
IWR iShares Russell Midcap ETF 0.0 19 56 5.9 +1.2
DXUV Dimensional US Vector Equity ETF 0.0 28 47 6.4 +1.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 7.2 +2.4
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 60 8.0 +3.3
AVUS Avantis U.S. Equity ETF 0.0 15 60 5.9 +1.2
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 60 6.2 +1.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.7 +0.9
STXV Strive 1000 Value ETF 0.0 18 57 8.2 +3.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 7.3 +2.5
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.0 5 70 8.1 +3.4
VIG Vanguard Dividend Appreciation ETF 0.0 5 70 5.7 +0.9
PFM Invesco Dividend Achievers ETF 0.0 53 22 5.3 +0.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 50 7.3 +2.5
DGRO iShares Core Dividend Growth ETF 0.0 8 67 6.5 +1.8
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 63 7.7 +2.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.5 +0.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.4 +2.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 47 6.4 +1.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.7 +1.9
IUSV iShares Core S&P US Value ETF 0.0 4 71 6.6 +1.9
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 6.7 +2.0
DSI iShares MSCI KLD 400 Social ETF 0.0 25 50 4.9 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 7.0 +2.2
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.6 +1.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 5.5 +0.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.2 +0.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.0 12 63 4.6 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 64 5.0 +0.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 60 5.0 +0.3
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.9 +0.2
IYY iShares Dow Jones U.S. ETF 0.0 20 55 4.9 +0.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 72 5.2 +0.5
VONE Vanguard Russell 1000 ETF 0.0 7 68 5.0 +0.3
VTHR Vanguard Russell 3000 ETF 0.0 7 68 5.0 +0.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 72 5.1 +0.4
SCHK Schwab 1000 Index ETF 0.0 5 70 5.1 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 5.0 +0.3
IWB iShares Russell 1000 ETF 0.0 15 60 4.9 +0.2
IWV iShares Russell 3000 ETF 0.0 20 55 4.9 +0.1
VTI Vanguard Total Stock Market ETF 0.0 3 72 5.0 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 63 4.6 -0.1
HKND Humankind US Stock ETF 0.0 11 64 7.4 +2.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 India Active 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 16.7 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 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.