Global X Solar ETF
ALTAR
Score™		 2.3% info Recommen-
dation		 UNDERWEIGHT
2022E    2023E
P/E
ratio		 20.8x P/Sales
ratio		 2.1x
P/BV
ratio		 2.9x Div.
yield		 0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RAYS tracks a market-cap-weighted index of global solar energy companies selected based on their revenue generated from solar-related business, and ESG criteria.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Sep 08, 2021
Assets (mns) $6
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $16,086
Large cap (>$10bn) 53.4%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 3.4%
Developed mkts 35.9%
Emerging mkts 64.1%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 9.5 %
SUNGROW POWER SUPPLY CO., LTD. CLA 8.5 %
XI'AN LONGI SILICON MATERIALS CO., 7.7 %
SOLAREDGE TECHNOLOGIES, INC. 7.6 %
TIANJIN ZHONGHUAN SEMICOND-A 7.1 %
TRINA SOLAR LTD CLASS A 5.7 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 5.0 %
GCL POLY ENERGY HOLDINGS LTD 4.7 %
FIRST SOLAR INC 4.5 %
XINYI SOLAR HOLDINGS LTD 3.4 %
Total 63.7 %

TOP COUNTRY EXPOSURE
CHINA 50.8 %
UNITED STATES 33.6 %
HONG KONG 4.1 %
SOUTH KOREA 2.5 %
TAIWAN 1.8 %
GERMANY 1.6 %
BRITAIN 1.1 %
CANADA 1.0 %
SPAIN 0.7 %
JAPAN 0.6 %

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.
-2.8% -- -- -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $20.28
30d moving avg. $22.72
Annualized volatility 0.0%
Short interest (ETF) 5.2%
Relative strength (RSI) 27

Liquidity measures
Avg. volume (thou.) 20
Turnover 6.3%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $5,117

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 462 potential alternatives to the Global X Solar ETF ETF based on the alternatives' overlap in portfolio holdings with RAYS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RAYS Expense: 50 bp ALTAR Score™: 2.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYS
Ticker Fund
Name		 Overlap1
vs RAYS
(%)		 Expense
ratio
(bp)		 Savings
vs RAYS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RAYS
(%)
TAN Invesco Solar ETF 52.8 69 -19 1.6 -0.8
ICLN iShares Global Clean Energy ETF 42.2 42 8 1.7 -0.6
CTEC Global X CleanTech ETF 35.6 50 0 1.4 -1.0
VCLN Virtus Duff & Phelps Clean Energy ETF 33.7 59 -9 0.0 -2.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 25.7 58 -8 -1.2 -3.5
FRNW Fidelity Clean Energy ETF 25.5 39 11 2.0 -0.4
CNRG SPDR S&P Kensho Clean Power ETF 22.5 45 5 0.8 -1.6
ERTH Invesco MSCI Sustainable Future ETF 19.8 55 -5 4.1 +1.7
ACES ALPS Clean Energy ETF 18.1 55 -5 -1.2 -3.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 16.4 45 5 3.5 +1.1
SOLR SmartETFs Sustainable Energy II Fund 16.3 79 -29 4.4 +2.1
PBD Invesco Global Clean Energy ETF 16.1 75 -25 -2.2 -4.5
SMOG VanEck Low Carbon Energy ETF 16.0 55 -5 2.1 -0.3
KGRN KraneShares MSCI China Clean Technology Index ETF 15.8 79 -29 9.2 +6.9
CHIK Global X MSCI China Information Technology ETF 15.2 65 -15 7.9 +5.6
PBW Invesco WilderHill Clean Energy ETF 14.3 61 -11 -8.1 -10.4
MVPS Amplify Thematic All-Stars ETF 13.7 49 1 2.6 +0.3
BNE Blue Horizon BNE ETF 13.2 87 -37 2.3 -0.1
ENRG SoFi Smart Energy ETF 12.7 59 -9 -1.7 -4.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 10.8 63 -13 4.8 +2.4
ZGEN Generation Z ETF 10.3 63 -13 -6.0 -8.4
NZRO Strategy Shares Halt Climate Change ETF 10.2 95 -45 2.0 -0.3
RNRG Global X Renewable Energy Producers ETF 9.9 65 -15 2.9 +0.5
WWOW Direxion World Without Waste ETF 9.7 50 0 0.2 -2.1
KEJI Global X China Innovation ETF 8.9 75 -25 4.3 +2.0
TCHI iShares MSCI China Multisector Tech ETF 8.3 59 -9 4.8 +2.5
ISRA VanEck Israel ETF 7.6 59 -9 10.0 +7.6
ITEQ BlueStar Israel Technology ETF 7.6 75 -25 1.2 -1.2
GLCN VanEck China Growth Leaders ETF 7.0 60 -10 10.4 +8.1
TEMP JPMorgan Climate Change Solutions ETF 6.9 49 1 5.4 +3.0
KBA KraneShares Bosera MSCI China A Share ETF 6.2 56 -6 9.1 +6.7
OCEN IQ Clean Oceans ETF 6.1 45 5 8.2 +5.9
CLNR IQ Cleaner Transport ETF 6.1 45 5 8.6 +6.3
PTF Invesco DWA Technology Momentum ETF 6.0 60 -10 6.2 +3.8
FFTY Innovator IBD 50 ETF 5.9 80 -30 7.5 +5.2
QQQN VictoryShares Nasdaq Next 50 ETF 5.8 18 32 7.2 +4.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 5.8 15 35 4.8 +2.5
KSTR KraneShares SSE STAR Market 50 Index ETF 5.7 88 -38 3.1 +0.8
ECOZ TrueMark ESG Active Opportunities ETF 5.6 58 -8 5.7 +3.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.5 65 -15 6.9 +4.6
DTOX Amplify Cleaner Living ETF 5.4 59 -9 -0.9 -3.3
XSD SPDR S&P Semiconductor ETF 5.0 35 15 7.0 +4.7
BKES BNY Mellon Sustainable Global Emerging Markets ETF 4.9 11 39 5.4 +3.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 4.7 20 30 5.9 +3.6
TRFM AAM Transformers ETF 4.7 49 1 0.0 -2.3
GSFP Goldman Sachs Future Planet Equity ETF 4.7 75 -25 4.6 +2.2
PGJ Invesco Golden Dragon China ETF 4.6 69 -19 1.9 -0.5
FXN First Trust Energy AlphaDEX Fund 4.6 64 -14 6.4 +4.0
CNXT VanEck ChiNext ETF 4.6 65 -15 3.0 +0.7
IQM Franklin Intelligent Machines ETF 4.5 50 0 4.3 +2.0
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 4.3 96 -46 5.3 +3.0
KOMP SPDR Kensho New Economies Composite ETF 4.2 20 30 1.0 -1.4
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 4.2 65 -15 5.5 +3.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 4.2 65 -15 8.7 +6.4
RPG Invesco S&P 500 Pure Growth ETF 4.1 35 15 8.3 +6.0
NETZ Engine No 1 Transform Climate ETF 4.1 75 -25 6.9 +4.6
ETHO Etho Climate Leadership U.S. ETF 3.8 47 3 5.4 +3.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.8 32 18 7.4 +5.1
MEME Roundhill MEME ETF 3.6 69 -19 -4.2 -6.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.6 70 -20 7.5 +5.2
SPHB Invesco S&P 500 High Beta ETF 3.5 25 25 4.8 +2.5
ALTL Pacer Lunt Large Cap Alternator ETF 3.5 60 -10 6.5 +4.2
DTEC ALPS Disruptive Technologies ETF 3.4 50 0 4.5 +2.2
GK AdvisorShares Gerber Kawasaki ETF 3.4 81 -31 5.4 +3.0
ASHX Xtrackers MSCI China A Inclusion Equity ETF 3.3 60 -10 8.4 +6.0
RYT Invesco S&P 500 Equal Weight Technology ETF 3.1 40 10 7.8 +5.5
IYE iShares U.S. Energy ETF 3.1 41 9 6.1 +3.7
CNYA iShares MSCI China A ETF 3.0 60 -10 8.6 +6.3
XT iShares Exponential Technologies ETF 2.8 46 4 4.9 +2.6
AFTY Pacer CSOP FTSE China A50 ETF 2.8 70 -20 9.6 +7.3
AIEQ AI Powered Equity ETF 2.7 75 -25 3.7 +1.3
XPND First Trust Expanded Technology ETF 2.6 65 -15 7.3 +4.9
MCH Matthews China Active ETF 2.6 79 -29 7.8 +5.5
KGHG KraneShares Global Carbon Transformation ETF 2.4 89 -39 -10.2 -12.5
SDG iShares Sustainable MSCI Global Impact ETF 2.3 49 1 9.3 +7.0
PABU iShares Paris-Aligned Climate MSCI USA ETF 2.3 10 40 6.4 +4.1
HAIL SPDR S&P Kensho Smart Mobility ETF 2.3 45 5 -1.2 -3.5
AADR AdvisorShares Dorsey Wright ADR ETF 2.2 110 -60 9.9 +7.5
ERSX ERShares NextGen Entrepreneurs ETF 2.2 75 -25 7.5 +5.1
MINV Matthews Asia Innovators Active ETF 2.1 79 -29 4.4 +2.1
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.0 45 5 2.3 +0.0
BECO BlackRock Future Climate and Sustainable Economy ETF 2.0 70 -20 6.0 +3.7
FSST Fidelity Sustainability U.S. Equity ETF 2.0 59 -9 7.0 +4.6
FNI First Trust Chindia ETF 2.0 59 -9 1.2 -1.1
CHII Global X MSCI China Industrials ETF 2.0 66 -16 15.2 +12.8
ECNS iShares MSCI China Small-Cap ETF 1.9 59 -9 14.8 +12.5
EQUL IQ Engender Equality ETF 1.9 45 5 8.5 +6.2
NUSC Nuveen ESG Small-Cap ETF 1.9 30 20 6.4 +4.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.8 75 -25 8.5 +6.1
XITK SPDR FactSet Innovative Technology ETF 1.8 45 5 -3.9 -6.2
RFFC RiverFront Dynamic US Flex-Cap ETF 1.8 52 -2 6.7 +4.4
EWGS iShares MSCI Germany Small Cap ETF 1.6 59 -9 11.8 +9.5
JHMT John Hancock Multifactor Technology ETF 1.6 40 10 7.7 +5.4
UBCB UBC Algorithmic Fundamentals ETF 1.5 75 -25 5.3 +3.0
IMCG iShares Morningstar Mid-Cap Growth ETF 1.5 6 44 5.4 +3.0
BATT Amplify Lithium & Battery Technology ETF 1.5 59 -9 2.6 +0.3
BKUS BNY Mellon Sustainable US Equity ETF 1.4 60 -10 6.1 +3.7
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.4 10 40 6.5 +4.2
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 1.4 69 -19 7.6 +5.3
SLT Pacer Salt High truBeta US Market ETF 1.4 60 -10 0.0 -2.3
KESG KraneShares MSCI China ESG Leaders Index ETF 1.4 59 -9 11.9 +9.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 2 15.0 +12.6
RYJ Invesco Raymond James SB-1 Equity ETF 1.3 75 -25 3.6 +1.3
VOT Vanguard Mid-Cap Growth Index Fund 1.3 7 43 4.9 +2.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.3 15 35 9.3 +6.9
FTC First Trust Large Cap Growth AlphaDEX Fund 1.2 59 -9 6.1 +3.8
CHIU Global X MSCI China Utilities ETF 1.2 67 -17 11.3 +9.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.2 18 32 10.1 +7.8
MCHI iShares MSCI China ETF 1.2 59 -9 10.8 +8.5
FXU First Trust Utilities AlphaDEX Fund 1.2 64 -14 7.1 +4.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.2 70 -20 2.8 +0.5
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 1.2 108 -58 7.0 +4.6
XMVM Invesco S&P MidCap Value with Momentum ETF 1.2 39 11 13.9 +11.6
PID Invesco International Dividend Achievers ETF 1.2 56 -6 9.3 +7.0
OSCV Opus Small Cap Value Plus ETF 1.2 79 -29 6.8 +4.4
QGRO American Century STOXX U.S. Quality Growth ETF 1.2 29 21 7.1 +4.7
RESE WisdomTree Emerging Markets ESG Fund 1.1 32 18 9.7 +7.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.1 15 35 9.5 +7.1
IJJ iShares S&P Mid-Cap 400 Value ETF 1.1 18 32 9.5 +7.2
MDYV SPDR S&P 400 Mid Cap Value ETF 1.1 15 35 9.5 +7.2
DWAS Invesco DWA SmallCap Momentum ETF 1.1 60 -10 5.6 +3.2
XJH iShares ESG Screened S&P Mid-Cap ETF 1.1 12 38 8.7 +6.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.1 40 10 8.5 +6.2
IWP iShares Russell Mid-Cap Growth ETF 1.0 23 27 5.3 +3.0
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.0 15 35 9.0 +6.6
GXC SPDR S&P China ETF 1.0 59 -9 11.6 +9.3
FLCH Franklin FTSE China ETF 1.0 19 31 11.5 +9.1
CTRU ARK Transparency ETF 1.0 55 -5 0.0 -2.3
MDY SPDR S&P Midcap 400 ETF Trust 1.0 22 28 8.4 +6.1
IVOO Vanguard S&P Mid-Cap 400 ETF 1.0 10 40 8.7 +6.3
KALL KraneShares MSCI All China Index ETF 1.0 49 1 12.2 +9.8
IJH iShares Core S&P Mid-Cap ETF 1.0 5 45 8.6 +6.3
SCHM Schwab U.S. Mid-Cap ETF 1.0 4 46 7.4 +5.1
SPMD SPDR Portfolio Mid Cap ETF 1.0 5 45 8.6 +6.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.9 20 30 7.2 +4.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 18 8.3 +5.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 44 1.7 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 0.9 41 9 7.9 +5.6
IUSS Invesco Strategic US Small Company ETF 0.9 23 27 8.0 +5.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -30 13.5 +11.2
EWY iShares MSCI South Korea ETF 0.9 57 -7 12.3 +10.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.9 15 35 7.8 +5.5
AVEM Avantis Emerging Markets Equity ETF 0.8 33 17 12.1 +9.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.8 15 35 7.6 +5.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.8 17 33 7.6 +5.3
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 46 7.3 +5.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.8 4 46 7.2 +4.9
IFRA iShares U.S. Infrastructure ETF 0.8 30 20 7.3 +5.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.8 24 26 9.1 +6.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 11 5.5 +3.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.8 50 0 3.8 +1.5
SMDY Syntax Stratified MidCap ETF 0.8 35 15 8.0 +5.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.8 7 43 6.4 +4.1
BUZZ VanEck Social Sentiment ETF 0.8 75 -25 -0.6 -2.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.8 17 33 6.4 +4.0
FSMD Fidelity Small-Mid Factor ETF 0.8 29 21 9.8 +7.5
VUSE Vident Core US Equity Fund 0.8 50 0 12.0 +9.7
CSML IQ Chaikin U.S. Small Cap ETF 0.7 35 15 6.8 +4.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 0.7 49 1 7.5 +5.2
AIRR First Trust RBA American Industrial Renaissance ETF 0.7 70 -20 7.1 +4.8
VBK Vanguard Small-Cap Growth Index Fund 0.7 7 43 2.2 -0.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 26 9.1 +6.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 -8 12.3 +9.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 7 43 7.2 +4.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.7 63 -13 5.3 +3.0
TMFX Motley Fool Next Index ETF 0.7 50 0 4.2 +1.9
FPXI First Trust International Equity Opportunities ETF 0.7 70 -20 -1.6 -3.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -33 11.9 +9.5
ECLN First Trust EIP Carbon Impact ETF 0.7 95 -45 3.6 +1.3
GXF Global X FTSE Nordic Region ETF 0.7 50 0 6.8 +4.5
ENOR iShares MSCI Norway ETF 0.7 53 -3 5.7 +3.3
NORW Global X MSCI Norway ETF 0.7 50 0 5.5 +3.2
AIIQ AI Powered International Equity ETF 0.7 79 -29 0.0 -2.3
IWO iShares Russell 2000 Growth ETF 0.7 24 26 2.2 -0.1
VTWG Vanguard Russell 2000 Growth Index Fund 0.7 15 35 2.4 +0.1
SSPY Syntax Stratified LargeCap ETF 0.7 30 20 7.7 +5.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -20 12.9 +10.5
BKF iShares MSCI BRIC ETF 0.6 70 -20 9.2 +6.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.6 6 44 6.3 +4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -15 9.0 +6.7
AVES Avantis Emerging Markets Value ETF 0.6 36 14 16.7 +14.4
IGM iShares Expanded Tech Sector ETF 0.6 43 7 6.4 +4.1
VO Vanguard Mid-Cap Index Fund 0.6 4 46 6.9 +4.5
VGT Vanguard Information Technology Index Fund 0.6 10 40 6.9 +4.5
FTEC Fidelity MSCI Information Technology Index ETF 0.6 8 42 6.9 +4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 6.9 +4.5
JMIN JPMorgan U.S. Minimum Volatility ETF 0.6 12 38 6.6 +4.3
IEUS iShares MSCI Europe Small-Cap ETF 0.6 40 10 7.2 +4.8
XLK Technology Select Sector SPDR Fund 0.6 10 40 7.2 +4.9
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 25 10.2 +7.9
VB Vanguard Small-Cap ETF 0.6 5 45 6.6 +4.3
IDU iShares U.S. Utilities ETF 0.6 41 9 5.6 +3.3
FLKR Franklin FTSE South Korea ETF 0.6 9 41 13.3 +10.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 68 -18 7.8 +5.4
IWR iShares Russell Midcap ETF 0.6 19 31 6.9 +4.6
TTAC TrimTabs US Free Cash Flow Quality ETF 0.6 59 -9 8.0 +5.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 50 0 9.2 +6.9
VIDI Vident International Equity Fund 0.5 61 -11 14.5 +12.2
JEMA JPMorgan Emerging Markets Equity Core ETF 0.5 39 11 9.6 +7.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 59 -9 9.5 +7.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.5 25 25 7.4 +5.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 9 10.6 +8.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 35 10.3 +7.9
ISCB iShares Morningstar Small-Cap ETF 0.5 4 46 5.8 +3.5
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 70 -20 3.6 +1.2
SCHA Schwab U.S. Small-Cap ETF 0.5 4 46 6.1 +3.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.5 65 -15 7.1 +4.8
RSP Invesco S&P 500 Equal Weight ETF 0.5 20 30 7.5 +5.1
LDEM iShares ESG MSCI EM Leaders ETF 0.5 16 34 9.3 +7.0
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.5 65 -15 7.9 +5.6
FTHI First Trust High Income ETF 0.5 85 -35 5.1 +2.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 1 10.6 +8.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.5 59 -9 8.7 +6.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 18 10.9 +8.6
DFSV Dimensional US Small Cap Value ETF 0.5 31 19 10.0 +7.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 70 -20 8.7 +6.3
IXN iShares Global Tech ETF 0.5 43 7 6.6 +4.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.5 14 36 7.0 +4.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.5 21 29 4.7 +2.4
SIZE iShares MSCI USA Size Factor ETF 0.5 15 35 6.6 +4.3
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 42 9.4 +7.1
VXF Vanguard Extended Market Index Fund 0.5 6 44 4.6 +2.2
FDWM Fidelity Women's Leadership ETF 0.5 59 -9 7.0 +4.7
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 41 6.8 +4.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 46 6.5 +4.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.5 39 11 11.4 +9.0
VBR Vanguard Small Cap Value Index Fund 0.5 7 43 9.6 +7.2
IWM iShares Russell 2000 ETF 0.4 19 31 4.6 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -16 8.3 +5.9
VTWO Vanguard Russell 2000 Index Fund 0.4 10 40 4.7 +2.4
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.4 45 5 13.4 +11.0
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 34 9.9 +7.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 41 5.5 +3.2
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 41 9.6 +7.3
EEM iShares MSCI Emerging Markets ETF 0.4 68 -18 9.2 +6.9
VEGN US Vegan Climate ETF 0.4 60 -10 6.8 +4.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 31 9.5 +7.2
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 15 10.8 +8.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 39 11 11.7 +9.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.4 45 5 16.8 +14.4
BICK First Trust BICK Index Fund 0.4 64 -14 6.0 +3.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 30 9.3 +6.9
HAP VanEck Natural Resources ETF 0.4 49 1 8.7 +6.4
FTQI First Trust Nasdaq BuyWrite Income ETF 0.4 85 -35 4.6 +2.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 19 31 7.9 +5.6
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.4 35 15 15.4 +13.0
SFYX Sofi Next 500 ETF 0.4 0 50 6.6 +4.3
CN Xtrackers MSCI All China Equity ETF 0.4 50 0 11.2 +8.8
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 37 6.7 +4.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 10 7.0 +4.7
EZM WisdomTree U.S. MidCap Earnings Fund 0.3 38 12 11.8 +9.5
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 40 7.0 +4.7
ILCG iShares Morningstar Growth ETF 0.3 4 46 5.4 +3.0
FIDU Fidelity MSCI Industrials Index ETF 0.3 8 42 6.9 +4.6
GWX SPDR S&P International Small Cap ETF 0.3 40 10 5.6 +3.3
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 46 5.4 +3.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 39 9.7 +7.4
IUSG iShares Core S&P US Growth ETF 0.3 4 46 6.7 +4.3
SMMD iShares Russell 2500 ETF 0.3 15 35 6.7 +4.3
DFAS Dimensional U.S. Small Cap ETF 0.3 28 22 7.9 +5.5
AVDV Avantis International Small Cap Value ETF 0.3 36 14 9.6 +7.3
VIS Vanguard Industrials Index Fund 0.3 10 40 6.6 +4.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 14 9.3 +6.9
VOOG Vanguard S&P 500 Growth ETF 0.3 10 40 6.6 +4.2
DFEV Dimensional Emerging Markets Value ETF 0.3 43 7 15.8 +13.5
YPS Arrow Reverse Cap 500 ETF 0.3 29 21 7.4 +5.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 1 8.9 +6.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.3 25 25 7.5 +5.1
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 39 9.5 +7.2
ISMD Inspire Small/Mid Cap Impact ETF 0.3 48 2 7.6 +5.2
IVW iShares S&P 500 Growth ETF 0.3 18 32 6.5 +4.2
SPYG SPDR Portfolio S&P 500 Growth ETF 0.3 4 46 6.6 +4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 50 0 13.9 +11.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -8 10.4 +8.1
IWS iShares Russell Mid-Cap Value ETF 0.3 23 27 8.1 +5.7
RYLD Global X Russell 2000 Covered Call ETF 0.3 60 -10 4.3 +1.9
SCHC Schwab International Small-Cap Equity ETF 0.3 11 39 6.8 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 -9 13.0 +10.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 49 1 6.3 +4.0
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 25 5.9 +3.6
DFIS Dimensional International Small Cap ETF 0.3 39 11 6.7 +4.4
IETC iShares Evolved U.S. Technology ETF 0.3 18 32 6.3 +4.0
GLIF AGFiQ Global Infrastructure ETF 0.3 45 5 5.6 +3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 41 7.0 +4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 31 19 10.5 +8.2
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 41 6.9 +4.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 35 6.7 +4.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -45 2.7 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 20 9.7 +7.3
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 40 7.2 +4.9
FUTY Fidelity MSCI Utilities Index ETF 0.2 8 42 6.1 +3.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.2 34 16 0.0 -2.3
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 8 7.6 +5.3
VPU Vanguard Utilities Index Fund 0.2 10 40 6.1 +3.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 38 6.9 +4.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.2 60 -10 11.3 +9.0
AVUS Avantis U.S. Equity ETF 0.2 15 35 8.1 +5.8
JHMI John Hancock Multifactor Industrials ETF 0.2 40 10 7.9 +5.6
DFAU Dimensional US Core Equity Market ETF 0.2 12 38 7.2 +4.9
IWN iShares Russell 2000 Value ETF 0.2 24 26 6.9 +4.6
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 35 7.0 +4.7
TPLC Timothy Plan US Large Cap Core ETF 0.2 52 -2 6.9 +4.6
VUG Vanguard Growth Index Fund 0.2 4 46 5.6 +3.3
LRGF iShares Edge MSCI Multifactor USA ETF 0.2 8 42 8.1 +5.7
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 6.8 +4.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 6.7 +4.4
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -8 11.2 +8.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 41 7.2 +4.9
DFAT Dimensional U.S. Targeted Value ETF 0.2 29 21 9.9 +7.5
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 -2 9.5 +7.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 25 8.8 +6.5
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.2 38 12 10.7 +8.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 20 10.7 +8.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.2 25 25 9.3 +7.0
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 42 6.2 +3.8
IYY iShares Dow Jones U.S. ETF 0.2 20 30 6.7 +4.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 69 -19 12.9 +10.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 30 9.7 +7.4
JHML John Hancock Multifactor Large Cap ETF 0.2 29 21 7.3 +5.0
VT Vanguard Total World Stock ETF 0.2 7 43 7.4 +5.1
SCHK Schwab 1000 Index ETF 0.2 5 45 6.9 +4.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.2 60 -10 6.3 +4.0
AFK VanEck Africa Index ETF 0.2 77 -27 10.3 +8.0
XRMI Global X S&P 500 Risk Managed Income ETF 0.2 60 -10 6.1 +3.8
DFUS Dimensional U.S. Equity ETF 0.2 11 39 7.0 +4.7
IWF iShares Russell 1000 Growth ETF 0.2 19 31 6.1 +3.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 27 23 6.7 +4.4
VSGX Vanguard ESG International Stock ETF 0.2 12 38 8.6 +6.3
SPTM SPDR Portfolio Total Stock Market ETF 0.2 3 47 7.2 +4.9
RAYC Rayliant Quantamental China Equity ETF 0.2 80 -30 10.8 +8.5
XVV iShares ESG Screened S&P 500 ETF 0.2 8 42 7.1 +4.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.2 16 34 9.2 +6.9
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 47 6.9 +4.6
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 6.9 +4.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 15 35 6.8 +4.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 27 23 6.6 +4.3
XYLD Global X S&P 500 Covered Call ETF 0.2 60 -10 6.5 +4.2
PBP Invesco S&P 500 BuyWrite ETF 0.2 49 1 6.4 +4.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -11 11.2 +8.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 15 9.7 +7.3
XVOL Acruence Active Hedge U.S. Equity ETF 0.2 83 -33 6.3 +4.0
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 27 23 6.9 +4.5
VTHR Vanguard Russell 3000 Index Fund 0.2 10 40 6.7 +4.4
VOO VANGUARD S&P 500 ETF 0.2 3 47 7.1 +4.8
VTI Vanguard Total Stock Market Index Fund 0.2 3 47 6.6 +4.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -29 10.2 +7.8
IXUS ishares Core MSCI Total International Stock ETF 0.2 7 43 8.7 +6.3
IWV iShares Russell 3000 ETF 0.2 20 30 6.6 +4.3
ESGU iShares MSCI USA ESG Optimized ETF 0.2 15 35 6.9 +4.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 5 10.9 +8.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 30 6.9 +4.6
XYLG Global X S&P 500 Covered Call & Growth ETF 0.2 60 -10 6.5 +4.2
IVV iShares Core S&P 500 ETF 0.2 3 47 7.1 +4.7
SPLG SPDR Portfolio S&P 500 ETF 0.2 3 47 7.1 +4.7
SPY SPDR S&P 500 ETF Trust 0.2 9 41 7.0 +4.7
VXUS Vanguard Total International Stock ETF 0.2 7 43 8.9 +6.6
EMLP First Trust North American Energy Infrastructure Fund 0.2 95 -45 5.4 +3.1
VOTE Engine No. 1 Transform 500 ETF 0.2 5 45 6.9 +4.6
XTR Global X S&P 500 Tail Risk ETF 0.2 60 -10 6.5 +4.2
XCLR Global X S&P 500 Collar 95-110 ETF 0.2 60 -10 6.0 +3.7
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 21 6.7 +4.4
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 0.2 16 34 10.6 +8.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 6.9 +4.6
DXGE WisdomTree Germany Hedged Equity Fund 0.2 48 2 10.9 +8.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 44 9.3 +7.0
VONE Vanguard Russell 1000 ETF 0.2 8 42 6.9 +4.6
FDT First Trust Developed Markets ex-US Alphadex Fund 0.2 80 -30 12.8 +10.5
PBUS Invesco PureBeta MSCI USA ETF 0.2 4 46 6.9 +4.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.1 45 5 8.7 +6.4
IWB iShares Russell 1000 ETF 0.1 15 35 6.8 +4.5
CBSE Changebridge Capital Sustainable Equity ETF 0.1 85 -35 0.0 -2.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 9.1 +6.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.1 35 15 7.6 +5.3
SHE SPDR SSGA Gender Diversity Index ETF 0.1 20 30 7.1 +4.8
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.1 20 30 7.8 +5.5
SFY SoFi Select 500 ETF 0.1 0 50 6.8 +4.5
ACWI iShares MSCI ACWI ETF 0.1 32 18 7.2 +4.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 18 8.7 +6.4
IQSU IQ Candriam ESG US Equity ETF 0.1 9 41 6.6 +4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 8.0 +5.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 44 9.7 +7.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 7.2 +4.9
VV Vanguard Large-Cap Index Fund 0.1 4 46 6.9 +4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 1 6.6 +4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 7 43 9.0 +6.7
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 0 7.2 +4.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 43 6.9 +4.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 7.5 +5.1
TOK iShares MSCI Kokusai ETF 0.1 25 25 6.9 +4.6
VONV Vanguard Russell 1000 Value Index Fund 0.1 8 42 8.5 +6.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 47 3 8.1 +5.8
IWD iShares Russell 1000 Value ETF 0.1 19 31 8.4 +6.0
URTH iShares MSCI World ETF 0.1 24 26 7.0 +4.7
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -39 7.1 +4.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -30 12.6 +10.3
IWC iShares Micro-Cap ETF 0.1 60 -10 -6.2 -8.5
EES WisdomTree SmallCap Earnings Fund 0.1 38 12 11.9 +9.6
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 38 9.4 +7.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.1 23 27 10.0 +7.7
IUSV iShares Core S&P U.S. Value ETF 0.1 4 46 8.1 +5.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 25 8.8 +6.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 33 9.1 +6.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 30 9.2 +6.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -8 9.4 +7.1
SDGA Impact Shares Sustainable Development Goals Global ETF 0.1 75 -25 8.0 +5.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 11 8.8 +6.4
IEUR iShares Core MSCI Europe ETF 0.1 9 41 8.6 +6.3
GSPY Gotham Enhanced 500 ETF 0.1 50 0 7.5 +5.2
SPEU SPDR Portfolio Europe ETF 0.1 9 41 8.5 +6.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 46 8.3 +6.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -8 8.6 +6.2
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -25 7.1 +4.8
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 35 6.9 +4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 9.1 +6.8
VGK Vanguard FTSE Europe ETF 0.1 8 42 8.8 +6.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 30 8.1 +5.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 7.1 +4.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 8.6 +6.3
AVDE Avantis International Equity ETF 0.1 23 27 9.8 +7.5
DFIC Dimensional International Core Equity 2 ETF 0.1 23 27 8.3 +6.0
EPS WisdomTree U.S. Earnings 500 Fund 0.1 8 42 8.7 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.1 5 45 8.7 +6.4
VPL Vanguard FTSE Pacific ETF 0.1 8 42 8.5 +6.2
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 33 7.2 +4.8
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.1 52 -2 6.1 +3.8
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 46 8.4 +6.1
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 8.3 +6.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 20 10.0 +7.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 58 -8 8.6 +6.2
HKND Humankind US Stock ETF 0.1 11 39 8.5 +6.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -25 7.0 +4.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.0 36 14 8.6 +6.3
DFUV Dimensional US Marketwide Value ETF 0.0 23 27 9.9 +7.6
DUHP Dimensional US High Profitability ETF 0.0 22 28 9.5 +7.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 31 8.3 +6.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.0 18 32 9.2 +6.9
IGRO iShares International Dividend Growth ETF 0.0 15 35 9.5 +7.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 25 8.7 +6.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 46 8.4 +6.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.0 35 15 6.9 +4.6
DISV Dimensional International Small Cap Value ETF 0.0 42 8 12.3 +9.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 5 10.1 +7.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 25 10.7 +8.3
ILCV iShares Morningstar Value ETF 0.0 4 46 8.7 +6.3
RWL Invesco S&P 500 Revenue ETF 0.0 39 11 8.1 +5.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 32 8.3 +5.9
IVE iShares S&P 500 Value ETF 0.0 18 32 7.9 +5.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.0 7 43 8.8 +6.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.0 4 46 8.0 +5.7
VOOV Vanguard S&P 500 Value ETF 0.0 10 40 8.0 +5.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 -8 8.0 +5.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 11 7.7 +5.3
SCHF Schwab International Equity ETF 0.0 6 44 9.0 +6.7
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 8 8.7 +6.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 41 7.8 +5.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 9.4 +7.0
VYM Vanguard High Dividend Yield Index ETF 0.0 6 44 9.0 +6.7
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 1 8.8 +6.5
IQSI IQ Candriam ESG International Equity ETF 0.0 15 35 8.3 +6.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 30 8.5 +6.1
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 35 7.6 +5.3
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -9 3.1 +0.8

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

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RESULTS & ESTIMATES

  2017 2018 2019 2020 2021 2022E 2023E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2021 2022E 2023E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Global X Solar 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 7.3 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 CATEGORY
AVERAGE		 1.45
 
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.