Global X India Active ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.7x P/Sales
ratio		 1.8x
P/BV
ratio		 3.1x 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) $49
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) $55,571
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 9.5 %
RELIANCE INDS-SPONS GDR 144A 8.3 %
ICICI BANK LTD-SPON ADR 7.6 %
BHARTI AIRTEL LIMITED 5.2 %
INFOSYS TECHNOLOGIES-SP ADR 5.2 %
AXIS BANK LIMITED 4.8 %
LARSEN & TOUBRO LIMITED 4.2 %
TATA CONSULTANCY SVS LTD 3.8 %
ULTRATECH CEMENT LTD 3.8 %
PRESTIGE ESTATES PROJECTS 3.6 %
Total 55.9 %

TOP COUNTRY EXPOSURE
INDIA 97.8 %
UNITED STATES 2.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% -11.7% -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.25 5%
MSCI EAFE 0.24 5%
MSCI Emg. Mkts. 0.52 15%

Technical Indicators
Recent close $28.80
30d moving avg. $29.39
Annualized volatility 14.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $390

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 248 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™: 5.1%


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 33.4 89 -14 5.2 +0.1
INDA iShares MSCI India ETF 28.6 65 10 4.8 -0.3
DGIN VanEck Digital India ETF 26.8 71 4 2.2 -2.9
FLIN Franklin FTSE India ETF 26.1 19 56 4.3 -0.8
PIN Invesco India ETF 25.5 78 -3 4.9 -0.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 23.7 80 -5 5.3 +0.2
EPI WisdomTree India Earnings Fund 18.9 85 -10 5.4 +0.3
INDF Nifty India Financials ETF 18.4 75 0 8.6 +3.5
INCO Columbia India Consumer ETF 15.2 75 0 1.9 -3.2
GLIN VanEck India Growth Leaders ETF 10.0 77 -2 7.1 +2.1
STXE Strive Emerging Markets Ex-China ETF 9.6 32 43 8.0 +2.9
BKF iShares MSCI BIC ETF 9.2 69 6 13.7 +8.6
GMF SPDR S&P Emerging Asia Pacific ETF 8.7 49 26 9.7 +4.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.7 24 51 8.3 +3.2
EMC Global X Emerging Markets Great Consumer ETF 8.4 75 0 11.1 +6.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.9 32 43 9.4 +4.3
XC WisdomTree Emerging Markets Ex-China Fund 7.4 32 43 6.3 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 7.0 7 68 10.7 +5.6
XCEM Columbia EM Core ex-China ETF 6.9 16 59 8.5 +3.4
CRAK VanEck Oil Refiners ETF 6.8 61 14 13.8 +8.7
EMXC iShares MSCI Emerging Markets ex China ETF 6.7 25 50 7.9 +2.8
MEM Matthews Emerging Markets Equity Active ETF 6.4 79 -4 8.1 +3.0
XCNY SPDR S&P Emerging Markets ex-China ETF 6.4 15 60 7.9 +2.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.2 95 -20 11.9 +6.8
IPAV Global X Infrastructure Development ex-U.S. ETF 6.1 55 20 7.8 +2.7
RNEM First Trust Emerging Markets Equity Select ETF 6.0 75 0 7.8 +2.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.9 25 50 6.6 +1.5
EEMA iShares MSCI Emerging Markets Asia ETF 5.9 49 26 10.5 +5.4
MINV Matthews Asia Innovators Active ETF 5.9 79 -4 7.4 +2.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.9 20 55 10.9 +5.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 5.6 53 22 8.0 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.4 70 5 9.5 +4.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.3 30 45 9.3 +4.2
INQQ India Internet & Ecommerce ETF 5.3 86 -11 1.4 -3.7
JHEM John Hancock Multifactor Emerging Markets ETF 5.2 49 26 10.4 +5.3
FLAX Franklin FTSE Asia Ex Japan ETF 5.2 19 56 9.5 +4.4
CIBR First Trust NASDAQ Cybersecurity ETF 5.2 60 15 4.1 -1.0
EMXF iShares ESG Advanced MSCI EM ETF 5.2 16 59 8.7 +3.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.0 32 43 7.1 +2.0
LDEM iShares ESG MSCI EM Leaders ETF 4.9 17 58 14.1 +9.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 4.9 75 0 9.8 +4.7
BKEM BNY Mellon Emerging Markets Equity ETF 4.8 11 64 10.2 +5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.7 30 45 10.7 +5.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.7 66 9 9.8 +4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.7 36 39 10.0 +4.9
DFAE Dimensional Emerging Core Equity Market ETF 4.7 35 40 9.5 +4.4
EEM iShares MSCI Emerging Markets ETF 4.7 69 6 10.5 +5.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.6 40 35 7.2 +2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.6 33 42 8.9 +3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.6 15 60 10.4 +5.4
VWO Vanguard FTSE Emerging Markets ETF 4.6 7 68 10.3 +5.3
DEHP Dimensional Emerging Markets High Profitability ETF 4.3 41 34 6.8 +1.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.2 65 10 8.1 +3.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.2 60 15 10.9 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 4.1 9 66 10.7 +5.6
NUEM Nuveen ESG Emerging Markets Equity ETF 4.0 36 39 8.1 +3.0
AVEM Avantis Emerging Markets Equity ETF 4.0 33 42 8.8 +3.8
EMMF WisdomTree Emerging Markets Multifactor Fund 3.9 48 27 7.6 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.8 38 37 9.4 +4.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.8 50 25 11.2 +6.1
EMGF iShares Emerging Markets Equity Factor ETF 3.7 25 50 11.9 +6.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.6 86 -11 0.4 -4.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.5 45 30 10.6 +5.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.5 15 60 8.1 +3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.5 60 15 8.2 +3.1
ROAM Hartford Multifactor Emerging Markets ETF 3.4 44 31 12.4 +7.3
AVSE Avantis Responsible Emerging Markets Equity ETF 3.4 33 42 8.6 +3.5
EEMO Invesco S&P Emerging Markets Momentum ETF 3.3 29 46 6.7 +1.6
SCHE Schwab Emerging Markets Equity ETF 3.3 11 64 11.1 +6.1
ESGE iShares ESG Aware MSCI EM ETF 3.3 25 50 10.4 +5.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.3 41 34 8.8 +3.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 42 10.3 +5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 3.0 49 26 16.0 +10.9
NXTG First Trust Indxx NextG ETF 2.6 70 5 5.4 +0.3
FDEM Fidelity Emerging Markets Multifactor ETF 2.6 25 50 13.0 +7.9
GNR SPDR S&P Global Natural Resources ETF 2.6 40 35 11.0 +5.9
ECON Columbia Emerging Markets Consumer ETF 2.6 49 26 12.7 +7.6
ABLG Abacus FCF International Leaders ETF 2.5 59 16 6.9 +1.8
DFEV Dimensional Emerging Markets Value ETF 2.5 43 32 13.5 +8.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.5 86 -11 13.6 +8.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.5 88 -13 9.0 +3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.4 59 16 9.0 +3.9
CWI SPDR MSCI ACWI ex-US ETF 2.3 30 45 7.7 +2.6
ACWV iShares MSCI Global Min Vol Factor ETF 2.2 20 55 6.2 +1.1
FXZ First Trust Materials AlphaDEX Fund 2.1 61 14 9.9 +4.8
RSHO Tema American Reshoring ETF 2.1 75 0 4.5 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.1 39 36 16.5 +11.4
COWS Amplify Cash Flow Dividend Leaders ETF 2.0 0 75 11.8 +6.7
AADR AdvisorShares Dorsey Wright ADR ETF 2.0 110 -35 4.9 -0.2
AVES Avantis Emerging Markets Value ETF 1.9 36 39 11.2 +6.1
CGXU Capital Group International Focus Equity ETF 1.9 54 21 5.6 +0.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 8 13.7 +8.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.8 35 40 18.7 +13.6
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 0 5.2 +0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.7 44 31 10.7 +5.6
TTAI FCF International Quality ETF 1.6 59 16 7.2 +2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 30 10.8 +5.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 15 11.1 +6.0
PID Invesco International Dividend Achievers ETF 1.6 53 22 5.5 +0.4
FAN First Trust Global Wind Energy ETF 1.5 60 15 4.6 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 1.4 4 71 8.2 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 57 7.9 +2.8
SRHQ SRH U.S. Quality ETF 1.4 35 40 7.6 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 41 7.8 +2.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 0 3.2 -1.9
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 68 8.0 +2.9
VXUS Vanguard Total International Stock ETF 1.2 5 70 8.0 +2.9
RGEF Rockefeller Global Equity ETF 1.2 55 20 4.8 -0.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -5 11.3 +6.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 34 7.5 +2.4
VSGX Vanguard ESG International Stock ETF 1.2 10 65 7.7 +2.6
SMIN iShares MSCI India Small Cap ETF 1.1 79 -4 4.1 -1.0
FRDM Freedom 100 Emerging Markets ETF 1.1 49 26 8.6 +3.5
HAP VanEck Natural Resources ETF 1.1 50 25 9.3 +4.3
KNCT Invesco Next Gen Connectivity ETF 1.0 40 35 4.9 -0.2
MGMT Ballast Small/Mid Cap ETF 1.0 110 -35 8.2 +3.1
SYLD Cambria Shareholder Yield ETF 1.0 59 16 11.5 +6.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 45 7.9 +2.8
DGT SPDR Global Dow ETF 0.8 50 25 7.0 +2.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 46 9.3 +4.2
IYM iShares U.S. Basic Materials ETF 0.7 40 35 6.0 +0.9
UMMA Wahed Dow Jones Islamic World ETF 0.7 65 10 5.5 +0.4
FILL iShares MSCI Global Energy Producers ETF 0.7 39 36 11.5 +6.4
APIE ActivePassive International Equity ETF 0.6 45 30 7.6 +2.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.6 49 26 11.2 +6.1
JIG JPMorgan International Growth ETF 0.6 55 20 4.8 -0.3
GINX SGI Enhanced Global Income ETF 0.6 98 -23 7.1 +2.0
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.6 55 20 10.0 +4.9
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 5 10.8 +5.7
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.6 43 32 6.1 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 66 5.7 +0.6
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 10 8.4 +3.3
DEM WisdomTree Emerging Markets High Dividend Fund 0.5 63 12 13.4 +8.3
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 65 5.8 +0.7
ACWI iShares MSCI ACWI ETF 0.5 32 43 5.6 +0.5
VT Vanguard Total World Stock ETF 0.5 6 69 5.9 +0.8
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 33 6.6 +1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 55 5.7 +0.6
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.7 -0.4
FVD First Trust Value Line Dividend Index Fund 0.4 65 10 6.2 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 51 8.1 +3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 63 5.2 +0.1
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 57 8.7 +3.6
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 60 8.7 +3.6
RODE Hartford Multifactor Diversified International ETF 0.3 29 46 11.4 +6.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 10 65 8.8 +3.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 25 5.6 +0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 63 8.1 +3.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 15 7.3 +2.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 60 7.9 +2.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 5 7.8 +2.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 7.3 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 71 5.9 +0.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 55 6.8 +1.7
DFSV Dimensional US Small Cap Value ETF 0.2 31 44 9.9 +4.8
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 16 4.4 -0.7
STXK Strive Small-Cap ETF 0.2 18 57 5.8 +0.8
ISMD Inspire Small/Mid Cap ETF 0.2 54 21 5.5 +0.4
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 28 9.0 +3.9
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 37 8.7 +3.7
EZM WisdomTree U.S. MidCap Fund 0.2 38 37 9.0 +3.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 57 7.7 +2.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 51 7.7 +2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 28 8.5 +3.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 36 9.3 +4.2
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 69 9.2 +4.1
XT iShares Exponential Technologies ETF 0.2 46 29 5.0 -0.1
AVMV Avantis U.S. Mid Cap Value ETF 0.2 20 55 8.6 +3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 8 9.8 +4.7
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 63 7.1 +2.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 58 9.6 +4.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 60 7.3 +2.2
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 51 7.1 +2.0
IJH iShares Core S&P Mid-Cap ETF 0.2 5 70 7.3 +2.2
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 72 7.3 +2.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 68 7.4 +2.3
ONEY SPDR Russell 1000 Yield Focus ETF 0.2 20 55 9.4 +4.3
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 6.4 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 68 6.0 +0.9
VBR Vanguard Small Cap Value ETF 0.1 7 68 9.1 +4.0
SCHA Schwab U.S. Small-Cap ETF 0.1 4 71 5.9 +0.8
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 71 6.6 +1.5
GLOF iShares Global Equity Factor ETF 0.1 20 55 6.5 +1.4
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 67 4.5 -0.6
VFVA Vanguard U.S. Value Factor ETF 0.1 13 62 10.8 +5.7
ISCB iShares Morningstar Small-Cap ETF 0.1 4 71 6.2 +1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 55 7.6 +2.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 33 6.4 +1.3
VIS Vanguard Industrials ETF 0.1 9 66 4.5 -0.6
SFYX SoFi Next 500 ETF 0.1 0 75 5.8 +0.7
VB Vanguard Small-Cap ETF 0.1 5 70 6.1 +1.1
SMMD iShares Russell 2500 ETF 0.1 15 60 6.2 +1.1
DEW WisdomTree Global High Dividend Fund 0.1 58 17 8.4 +3.3
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 57 6.9 +1.8
EBI Longview Advantage ETF 0.1 35 40 6.5 +1.4
VXF Vanguard Extended Market ETF 0.1 5 70 4.7 -0.4
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 47 9.2 +4.1
IWS iShares Russell Mid-Cap Value ETF 0.1 23 52 6.7 +1.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 58 7.0 +1.9
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 47 5.5 +0.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 5.7 +0.6
IGRO iShares International Dividend Growth ETF 0.0 15 60 7.3 +2.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 6.4 +1.3
IWR iShares Russell Midcap ETF 0.0 19 56 5.8 +0.7
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 7.5 +2.4
DXUV Dimensional US Vector Equity ETF 0.0 28 47 6.2 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 7.0 +1.9
CCMG CCM Global Equity ETF 0.0 34 41 8.4 +3.3
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 60 7.8 +2.7
AVUS Avantis U.S. Equity ETF 0.0 15 60 5.7 +0.7
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 60 6.0 +0.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.5 +0.4
STXV Strive 1000 Value ETF 0.0 18 57 8.0 +2.9
GVLU Gotham 1000 Value ETF 0.0 50 25 8.9 +3.8
VIG Vanguard Dividend Appreciation ETF 0.0 5 70 5.6 +0.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 7.0 +1.9
PFM Invesco Dividend Achievers ETF 0.0 53 22 5.3 +0.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 50 7.2 +2.1
DGRO iShares Core Dividend Growth ETF 0.0 8 67 6.5 +1.4
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 63 7.4 +2.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 47 6.3 +1.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.5 +1.4
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.4 +0.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.2 +2.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.0 5 70 7.9 +2.8
IUSV iShares Core S&P US Value ETF 0.0 4 71 6.4 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.8 +1.7
DSI iShares MSCI KLD 400 Social ETF 0.0 25 50 4.8 -0.3
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.4 +1.3
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 6.5 +1.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 5.4 +0.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.0 -0.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.0 12 63 4.5 -0.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 64 4.9 -0.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 60 4.9 -0.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 72 5.1 +0.1
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.8 -0.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 72 5.0 -0.1
SCHK Schwab 1000 Index ETF 0.0 5 70 5.0 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 4.9 -0.2
IWB iShares Russell 1000 ETF 0.0 15 60 4.8 -0.3
IWV iShares Russell 3000 ETF 0.0 20 55 4.8 -0.3
IYY iShares Dow Jones U.S. ETF 0.0 20 55 4.8 -0.3
VONE Vanguard Russell 1000 ETF 0.0 7 68 4.9 -0.2
VTI Vanguard Total Stock Market ETF 0.0 3 72 4.9 -0.2
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.9 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 63 4.6 -0.5
HKND Humankind US Stock ETF 0.0 11 64 7.1 +2.0

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

  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   **% **% **% **% **% **%

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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 2.9 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.51
 
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.