Global X India Active ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.0x P/Sales
ratio		 1.8x
P/BV
ratio		 2.9x Div.
yield		 1.4%


  • 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) $55
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) $45,664
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 8.6 %
RELIANCE INDS-SPONS GDR 144A 8.0 %
ICICI BANK LTD-SPON ADR 7.5 %
AXIS BANK LIMITED 5.4 %
BHARTI AIRTEL LIMITED 5.4 %
INFOSYS TECHNOLOGIES-SP ADR 5.0 %
LARSEN & TOUBRO LIMITED 4.4 %
TATA CONSULTANCY SVS LTD 4.0 %
ULTRATECH CEMENT LTD 3.5 %
UNITED SPIRITS LIMITED 3.4 %
Total 55.3 %

TOP COUNTRY EXPOSURE
INDIA 97.5 %
UNITED STATES 2.5 %









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.
5.0% 5.0% -- -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.44 29%
MSCI EAFE 0.53 29%
MSCI Emg. Mkts. 0.53 34%

Technical Indicators
Recent close $29.24
30d moving avg. $29.62
Annualized volatility 13.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.83%
ADV underlying (mns) $390

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 246 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™: 4.9%


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 35.0 89 -14 5.0 +0.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 30.9 80 -5 4.5 -0.4
INDA iShares MSCI India ETF 27.3 65 10 4.1 -0.8
PIN Invesco India ETF 25.8 78 -3 4.6 -0.3
DGIN VanEck Digital India ETF 25.0 71 4 1.2 -3.7
FLIN Franklin FTSE India ETF 24.9 19 56 3.6 -1.3
EPI WisdomTree India Earnings Fund 18.5 85 -10 4.4 -0.5
EMC Global X Emerging Markets Great Consumer ETF 16.9 75 0 6.9 +2.0
GLIN VanEck India Growth Leaders ETF 16.9 77 -2 4.9 +0.0
INCO Columbia India Consumer ETF 14.5 75 0 1.6 -3.3
RNEM First Trust Emerging Markets Equity Select ETF 14.1 75 0 7.8 +2.9
XC WisdomTree Emerging Markets Ex-China Fund 12.0 32 43 5.5 +0.6
BKF iShares MSCI BIC ETF 8.4 69 6 11.7 +6.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.3 24 51 6.4 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 8.2 49 26 8.4 +3.5
STXE Strive Emerging Markets Ex-China ETF 7.8 32 43 6.2 +1.3
CRAK VanEck Oil Refiners ETF 7.7 61 14 11.1 +6.2
XCEM Columbia EM Core ex-China ETF 7.2 16 59 6.6 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.9 95 -20 10.2 +5.3
SPEM SPDR Portfolio Emerging Markets ETF 6.5 7 68 9.2 +4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.4 32 43 7.0 +2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 6.4 29 46 6.8 +1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.3 40 35 6.1 +1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 6.0 55 20 5.9 +1.0
XCNY SPDR S&P Emerging Markets ex-China ETF 5.9 15 60 6.3 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 5.5 25 50 5.8 +1.0
EMXF iShares ESG Advanced MSCI EM ETF 5.4 16 59 7.1 +2.2
MEM Matthews Emerging Markets Equity Active ETF 5.1 79 -4 6.3 +1.4
EEMA iShares MSCI Emerging Markets Asia ETF 5.1 49 26 7.9 +3.0
INQQ India Internet & Ecommerce ETF 5.0 86 -11 1.2 -3.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.0 20 55 8.3 +3.4
CIBR First Trust NASDAQ Cybersecurity ETF 5.0 60 15 3.6 -1.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.0 75 0 8.4 +3.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 5.0 53 22 6.1 +1.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 5.0 25 50 5.9 +1.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.9 60 15 9.8 +4.9
JHEM John Hancock Multifactor Emerging Markets ETF 4.8 49 26 8.3 +3.4
FLAX Franklin FTSE Asia Ex Japan ETF 4.7 19 56 7.4 +2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 4.7 36 39 6.6 +1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.7 32 43 5.3 +0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.6 30 45 7.6 +2.7
LDEM iShares ESG MSCI EM Leaders ETF 4.6 17 58 11.3 +6.4
EMMF WisdomTree Emerging Markets Multifactor Fund 4.6 48 27 6.0 +1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.6 70 5 7.2 +2.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.5 65 10 7.1 +2.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.4 33 42 6.9 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.4 15 60 8.4 +3.5
ECON Columbia Emerging Markets Consumer ETF 4.3 49 26 10.0 +5.1
ROAM Hartford Multifactor Emerging Markets ETF 4.2 44 31 10.3 +5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.1 66 9 7.6 +2.8
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 64 7.9 +3.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.1 36 39 8.0 +3.1
VWO Vanguard FTSE Emerging Markets ETF 4.1 7 68 9.0 +4.1
DFAE Dimensional Emerging Core Equity Market ETF 4.1 35 40 7.4 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.0 30 45 8.1 +3.2
EEM iShares MSCI Emerging Markets ETF 4.0 69 6 8.1 +3.2
JIVE JPMorgan International Value ETF 3.9 55 20 9.7 +4.8
MINV Matthews Asia Innovators Active ETF 3.8 79 -4 5.4 +0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.6 15 60 6.5 +1.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.6 60 15 8.7 +3.8
AVEM Avantis Emerging Markets Equity ETF 3.6 33 42 7.3 +2.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.5 86 -11 0.4 -4.5
DEHP Dimensional Emerging Markets High Profitability ETF 3.5 41 34 5.2 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 3.4 9 66 8.5 +3.6
JADE JPMorgan Active Developing Markets Equity ETF 3.4 65 10 6.5 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.2 38 37 7.5 +2.6
SCHE Schwab Emerging Markets Equity ETF 3.1 11 64 9.4 +4.5
NXTG First Trust Indxx NextG ETF 3.1 70 5 4.4 -0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 3.0 33 42 7.0 +2.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.0 45 30 8.4 +3.6
EMGF iShares Emerging Markets Equity Factor ETF 3.0 25 50 9.5 +4.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.9 47 28 5.8 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.9 33 42 8.2 +3.3
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 26 13.6 +8.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.8 41 34 7.1 +2.2
ESGE iShares ESG Aware MSCI EM ETF 2.6 25 50 8.5 +3.6
FXZ First Trust Materials AlphaDEX Fund 2.5 61 14 7.8 +2.9
RSHO Tema American Reshoring ETF 2.5 75 0 3.7 -1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.5 86 -11 11.8 +6.9
FDEM Fidelity Emerging Markets Multifactor ETF 2.5 25 50 10.7 +5.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 30 9.4 +4.5
DFEV Dimensional Emerging Markets Value ETF 2.3 43 32 10.5 +5.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.3 39 36 14.4 +9.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.3 59 16 7.5 +2.7
GNR SPDR S&P Global Natural Resources ETF 2.2 40 35 9.1 +4.2
AVES Avantis Emerging Markets Value ETF 2.2 36 39 9.5 +4.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 15 7.6 +2.7
FAN First Trust Global Wind Energy ETF 2.1 60 15 3.7 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 2.1 20 55 5.4 +0.5
ABLG Abacus FCF International Leaders ETF 2.1 59 16 5.7 +0.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.0 35 40 11.8 +6.9
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 45 6.4 +1.6
PID Invesco International Dividend Achievers ETF 1.9 53 22 4.8 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 25 9.2 +4.3
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 0 4.4 -0.5
CGXU Capital Group International Focus Equity ETF 1.7 54 21 4.7 -0.2
TTAI FCF International Quality ETF 1.6 59 16 6.5 +1.6
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 12 12.0 +7.1
SMIN iShares MSCI India Small Cap ETF 1.4 79 -4 3.4 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 4 71 6.8 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 57 6.5 +1.6
DGT State Street SPDR Global Dow ETF 1.3 50 25 6.0 +1.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 0 2.3 -2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.2 44 31 9.4 +4.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 41 6.5 +1.6
HAP VanEck Natural Resources ETF 1.2 50 25 7.8 +2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 34 6.4 +1.5
VXUS Vanguard Total International Stock ETF 1.1 5 70 6.8 +1.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -13 7.2 +2.4
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 68 6.7 +1.8
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 20 6.7 +1.8
VSGX Vanguard ESG International Stock ETF 1.1 10 65 6.7 +1.8
RGEF Rockefeller Global Equity ETF 1.0 55 20 3.9 -1.0
SYLD Cambria Shareholder Yield ETF 1.0 59 16 11.0 +6.1
KNCT Invesco Next Gen Connectivity ETF 1.0 40 35 3.9 -1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.0 +3.1
FRDM Freedom 100 Emerging Markets ETF 0.9 49 26 6.0 +1.1
HUMN Roundhill Humanoid Robotics ETF 0.8 75 0 0.9 -4.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 45 6.6 +1.7
JIG JPMorgan International Growth ETF 0.7 55 20 4.0 -0.9
CGGO Capital Group Global Growth Equity ETF 0.7 47 28 3.8 -1.1
IYM iShares U.S. Basic Materials ETF 0.7 40 35 5.1 +0.2
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.7 55 20 9.2 +4.4
CVY Invesco Zacks Multi-Asset Income ETF 0.6 106 -31 10.4 +5.5
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 10 3.9 -1.0
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 10 7.0 +2.1
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.6 43 32 5.1 +0.3
APIE ActivePassive International Equity ETF 0.6 45 30 6.4 +1.5
JGLO JPMorgan Global Select Equity ETF 0.6 33 42 4.3 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 66 4.9 -0.0
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 65 4.9 +0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 5 9.4 +4.5
VT Vanguard Total World Stock ETF 0.5 6 69 5.1 +0.2
ACWI iShares MSCI ACWI ETF 0.4 32 43 4.7 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 51 7.3 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -5 10.2 +5.3
FVD First Trust Value Line Dividend Index Fund 0.4 65 10 5.7 +0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 57 7.6 +2.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 10 65 7.8 +2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 55 4.8 -0.1
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.4 15 60 7.7 +2.8
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 33 5.8 +0.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 15 5.9 +1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 57 7.0 +2.1
DFSV Dimensional US Small Cap Value ETF 0.3 31 44 9.2 +4.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 5.5 +0.6
STXK Strive Small-Cap ETF 0.3 18 57 5.3 +0.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 63 8.0 +3.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 5 6.9 +2.0
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 23 6.2 +1.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 71 5.1 +0.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.3 35 40 6.8 +1.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 60 7.0 +2.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.3 -0.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 55 6.4 +1.5
ISMD Inspire Small/Mid Cap ETF 0.2 54 21 4.7 -0.2
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 37 8.2 +3.3
VALQ American Century U.S. Quality Value ETF 0.2 29 46 6.7 +1.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 63 6.2 +1.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 51 6.5 +1.6
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 69 7.5 +2.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 36 8.2 +3.3
EZM WisdomTree U.S. MidCap Fund 0.2 38 37 7.6 +2.7
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.2 20 55 9.1 +4.2
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 51 6.0 +1.2
IJH iShares Core S&P Mid-Cap ETF 0.2 5 70 6.2 +1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 68 6.3 +1.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 60 6.3 +1.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 72 6.3 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 58 8.2 +3.3
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 60 6.1 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.2 13 62 9.4 +4.5
GVLU Gotham 1000 Value ETF 0.1 50 25 8.2 +3.3
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 5.8 +0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 8 8.8 +3.9
VBR Vanguard Small Cap Value ETF 0.1 7 68 7.9 +3.0
SCHA Schwab U.S. Small-Cap ETF 0.1 4 71 4.9 +0.0
GLOF iShares Global Equity Factor ETF 0.1 20 55 5.9 +1.0
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 47 8.9 +4.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 68 5.0 +0.1
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 71 6.0 +1.1
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 55 7.2 +2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 33 8.6 +3.7
ISCB iShares Morningstar Small-Cap ETF 0.1 4 71 5.1 +0.2
VIS Vanguard Industrials ETF 0.1 9 66 3.7 -1.2
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 67 3.7 -1.2
GEW Cambria Global EW ETF 0.1 29 46 5.3 +0.5
SFYX SoFi Next 500 ETF 0.1 0 75 5.0 +0.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 58 6.0 +1.1
VB Vanguard Small-Cap ETF 0.1 5 70 5.3 +0.4
SMMD iShares Russell 2500 ETF 0.1 15 60 5.8 +0.9
EBI Longview Advantage ETF 0.1 35 40 5.8 +0.9
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 5.8 +0.9
VXF Vanguard Extended Market ETF 0.1 5 70 3.9 -1.0
REVS Columbia Research Enhanced Value ETF 0.1 19 56 6.9 +2.0
DEW WisdomTree Global High Dividend Fund 0.1 58 17 7.6 +2.7
IWS iShares Russell Mid-Cap Value ETF 0.1 23 52 6.3 +1.4
IGRO iShares International Dividend Growth ETF 0.1 15 60 6.3 +1.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.7 -0.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 57 5.9 +1.0
IWR iShares Russell Midcap ETF 0.0 19 56 5.4 +0.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 53 6.4 +1.6
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.2 +0.3
STXV Strive 1000 Value ETF 0.0 18 57 7.2 +2.3
SFGV Sequoia Global Value ETF 0.0 23 52 7.4 +2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 5.6 +0.7
RECS Columbia Research Enhanced Core ETF 0.0 15 60 5.0 +0.1
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 60 5.0 +0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 17 8.6 +3.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.7 -0.2
VIG Vanguard Dividend Appreciation ETF 0.0 5 70 4.9 -0.0
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 6.3 +1.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 50 6.4 +1.5
DGRO iShares Core Dividend Growth ETF 0.0 8 67 5.8 +0.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 6.4 +1.5
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.0 5 70 7.2 +2.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 63 6.5 +1.6
PFM Invesco Dividend Achievers ETF 0.0 53 22 4.6 -0.3
AVUS Avantis U.S. Equity ETF 0.0 15 60 4.9 +0.1
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 47 5.6 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.0 12 63 3.8 -1.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 5.7 +0.8
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 55 7.6 +2.7
IUSV iShares Core S&P US Value ETF 0.0 4 71 5.7 +0.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 4.6 -0.3
DSI iShares MSCI KLD 400 Social ETF 0.0 25 50 4.1 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 5.9 +1.0
IWD iShares Russell 1000 Value ETF 0.0 19 56 5.6 +0.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 5.7 +0.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 4.5 -0.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.3 -0.6
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 26 4.7 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 64 4.2 -0.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 60 4.2 -0.7
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 72 4.4 -0.5
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.1 -0.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 72 4.3 -0.6
SCHK Schwab 1000 Index ETF 0.0 5 70 4.3 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 4.2 -0.7
IWB iShares Russell 1000 ETF 0.0 15 60 4.1 -0.8
IYY iShares Dow Jones U.S. ETF 0.0 20 55 4.1 -0.8
VONE Vanguard Russell 1000 ETF 0.0 7 68 4.2 -0.7
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.2 -0.7
VTI Vanguard Total Stock Market ETF 0.0 3 72 4.2 -0.7
IWV iShares Russell 3000 ETF 0.0 20 55 4.0 -0.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 63 3.4 -1.5

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

  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 16.0 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.54
 
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.