Global X Solar ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 NEUTRAL
2023E    2024E
P/E
ratio		 17.3x P/Sales
ratio		 2.0x
P/BV
ratio		 2.9x Div.
yield		 0.7%


  • 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) $5
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) $17,147
Large cap (>$10bn) 60.8%
Mid cap ($2-10bn) 28.9%
Small cap (<$2bn) 6.4%
Developed mkts 32.2%
Emerging mkts 67.8%

TOP TEN HOLDINGS
SUNGROW POWER SUPPLY CO., LTD. CLA 8.8 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 8.6 %
XI'AN LONGI SILICON MATERIALS CO., 8.4 %
FIRST SOLAR INC 8.4 %
ENPHASE ENERGY INC 5.8 %
SOLAREDGE TECHNOLOGIES, INC. 4.8 %
TRINA SOLAR LTD CLASS A 4.7 %
TIANJIN ZHONGHUAN SEMICOND-A 4.5 %
HANGZHOU FIRST PV MATERIAL CO LTD 3.3 %
GCL POLY ENERGY HOLDINGS LTD 3.3 %
Total 60.4 %

TOP COUNTRY EXPOSURE
CHINA 57.9 %
UNITED STATES 26.6 %
HONG KONG 3.3 %
SOUTH KOREA 2.7 %
TAIWAN 1.9 %
GERMANY 1.9 %
SWITZERLAND 1.2 %
CANADA 1.2 %
BRITAIN 1.1 %
SPAIN 0.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 16.2% -- -- -1.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 30%
MSCI EAFE 0.97 24%
MSCI Emg. Mkts. 0.89 19%

Technical Indicators
Recent close $21.97
30d moving avg. $21.76
Annualized volatility 42.2%
Short interest (ETF) 1.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.8%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $2,883

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 478 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™: 4.3%


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 47.5 69 -19 4.1 -0.2
ICLN iShares Global Clean Energy ETF 35.6 40 10 3.3 -1.0
CTEC Global X CleanTech ETF 33.1 50 0 2.7 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 30.2 59 -9 3.6 -0.7
FRNW Fidelity Clean Energy ETF 23.5 39 11 1.8 -2.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 20.3 58 -8 -0.3 -4.6
CNRG SPDR S&P Kensho Clean Power ETF 19.6 45 5 2.6 -1.7
ERTH Invesco MSCI Sustainable Future ETF 16.4 56 -6 4.0 -0.3
SMOG VanEck Low Carbon Energy ETF 16.1 55 -5 3.2 -1.1
ACES ALPS Clean Energy ETF 16.0 55 -5 -2.1 -6.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 15.8 45 5 4.7 +0.4
RNEW VanEck Green Infrastructure ETF 15.4 45 5 0.9 -3.4
CHIK Global X MSCI China Information Technology ETF 15.4 65 -15 6.7 +2.4
SOLR SmartETFs Sustainable Energy II Fund 14.6 79 -29 3.6 -0.7
MVPS Amplify Thematic All-Stars ETF 14.1 49 1 2.2 -2.1
PBD Invesco Global Clean Energy ETF 13.5 75 -25 -1.1 -5.4
KGRN KraneShares MSCI China Clean Technology Index ETF 12.7 78 -28 6.2 +1.9
PBW Invesco WilderHill Clean Energy ETF 12.3 61 -11 -6.1 -10.4
ENRG SoFi Smart Energy ETF 12.2 59 -9 -1.5 -5.8
NZRO Strategy Shares Halt Climate Change ETF 10.2 95 -45 1.8 -2.4
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 10.0 35 15 4.3 +0.1
TCHI iShares MSCI China Multisector Tech ETF 8.2 59 -9 3.8 -0.5
ZGEN Generation Z ETF 7.9 63 -13 -5.6 -9.9
KBA KraneShares Bosera MSCI China A Share ETF 7.5 56 -6 10.2 +5.9
RNRG Global X Renewable Energy Producers ETF 7.4 65 -15 3.6 -0.7
KEJI Global X China Innovation ETF 7.2 75 -25 3.2 -1.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 7.1 63 -13 5.0 +0.7
KSTR KraneShares SSE STAR Market 50 Index ETF 6.7 88 -38 2.3 -2.0
PTF Invesco DWA Technology Momentum ETF 6.0 60 -10 4.5 +0.2
OCEN IQ Clean Oceans ETF 5.9 45 5 6.6 +2.4
BNE Blue Horizon BNE ETF 5.7 87 -37 4.8 +0.5
CLNR IQ Cleaner Transport ETF 5.5 45 5 7.0 +2.8
CNXT VanEck ChiNext ETF 5.1 65 -15 3.7 -0.6
TEMP JPMorgan Climate Change Solutions ETF 5.1 49 1 4.4 +0.1
BLLD JPMorgan Sustainable Infrastructure ETF 5.0 49 1 5.3 +1.0
GSFP Goldman Sachs Future Planet Equity ETF 4.9 75 -25 3.8 -0.5
KOMP SPDR Kensho New Economies Composite ETF 4.9 20 30 -0.8 -5.1
GK AdvisorShares Gerber Kawasaki ETF 4.9 81 -31 5.0 +0.8
ISRA VanEck Israel ETF 4.8 59 -9 8.2 +3.9
ITEQ BlueStar Israel Technology ETF 4.8 75 -25 2.1 -2.2
GLCN VanEck China Growth Leaders ETF 4.5 60 -10 11.9 +7.6
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 4.5 65 -15 5.5 +1.2
IQM Franklin Intelligent Machines ETF 4.2 50 0 4.0 -0.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.2 70 -20 5.9 +1.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.1 32 18 6.1 +1.8
MEME Roundhill MEME ETF 4.0 69 -19 -3.7 -8.0
PGJ Invesco Golden Dragon China ETF 3.9 70 -20 3.9 -0.4
QQQN VictoryShares Nasdaq Next 50 ETF 3.9 18 32 6.4 +2.1
BKES BNY Mellon Sustainable Global Emerging Markets ETF 3.7 11 39 4.9 +0.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 3.6 65 -15 9.0 +4.7
ECOZ TrueMark ESG Active Opportunities ETF 3.5 58 -8 5.1 +0.8
ETHO Etho Climate Leadership U.S. ETF 3.5 47 3 4.8 +0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 3.4 40 10 6.7 +2.4
FFTY Innovator IBD 50 ETF 3.2 80 -30 4.6 +0.3
DTEC ALPS Disruptive Technologies ETF 3.0 50 0 4.4 +0.1
NETZ Engine No 1 Transform Climate ETF 3.0 75 -25 6.6 +2.3
BECO BlackRock Future Climate and Sustainable Economy ETF 3.0 70 -20 4.9 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 2.9 75 -25 6.5 +2.2
XSD SPDR S&P Semiconductor ETF 2.7 35 15 6.6 +2.3
CNYA iShares MSCI China A ETF 2.7 60 -10 8.8 +4.6
IYE iShares U.S. Energy ETF 2.7 39 11 7.3 +3.0
RPG Invesco S&P 500 Pure Growth ETF 2.7 35 15 9.0 +4.7
PWC Invesco Dynamic Market ETF 2.5 60 -10 7.7 +3.4
FFND Future Fund Active ETF 2.5 101 -51 2.4 -1.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.5 20 30 5.1 +0.9
SDG iShares Sustainable MSCI Global Impact ETF 2.5 49 1 7.0 +2.7
FXU First Trust Utilities AlphaDEX Fund 2.4 64 -14 7.0 +2.7
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.4 45 5 0.5 -3.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.4 15 35 4.2 -0.1
TRFM AAM Transformers ETF 2.4 49 1 1.9 -2.4
FXN First Trust Energy AlphaDEX Fund 2.4 64 -14 6.0 +1.8
RUFF Alpha Dog ETF 2.2 90 -40 6.0 +1.7
AFTY Pacer CSOP FTSE China A50 ETF 2.2 70 -20 11.4 +7.1
CHII Global X MSCI China Industrials ETF 2.1 66 -16 13.8 +9.6
MCH Matthews China Active ETF 2.1 79 -29 7.4 +3.1
MINV Matthews Asia Innovators Active ETF 2.0 79 -29 4.2 -0.1
XT iShares Exponential Technologies ETF 2.0 46 4 3.5 -0.8
BFTR Future Innovators ETF 2.0 80 -30 2.5 -1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 2.0 30 20 5.2 +0.9
ERSX ERShares NextGen Entrepreneurs ETF 1.9 75 -25 6.3 +2.0
EWGS iShares MSCI Germany Small Cap ETF 1.9 59 -9 8.9 +4.6
BIBL Inspire ETF 1.8 35 15 5.6 +1.3
SPHB Invesco S&P 500 High Beta ETF 1.8 25 25 3.7 -0.6
ALTL Pacer Lunt Large Cap Alternator ETF 1.8 60 -10 5.9 +1.6
WGRO WisdomTree U.S. Growth & Momentum Fund 1.8 55 -5 7.5 +3.2
BTEK BlackRock Future Tech ETF 1.8 88 -38 0.7 -3.6
RFFC RiverFront Dynamic US Flex-Cap ETF 1.6 52 -2 6.6 +2.3
HAIL SPDR S&P Kensho Smart Mobility ETF 1.6 45 5 -4.0 -8.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.5 80 -30 9.7 +5.4
BATT Amplify Lithium & Battery Technology ETF 1.5 59 -9 4.4 +0.1
BKUS BNY Mellon Sustainable US Equity ETF 1.5 60 -10 5.6 +1.3
ECNS iShares MSCI China Small-Cap ETF 1.5 57 -7 8.6 +4.3
ECLN First Trust EIP Carbon Impact ETF 1.5 95 -45 4.1 -0.2
IVDG Invesco Focused Discovery Growth ETF 1.5 59 -9 5.2 +0.9
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 1.5 69 -19 7.7 +3.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.4 45 5 3.1 -1.2
FSST Fidelity Sustainability U.S. Equity ETF 1.4 59 -9 6.0 +1.7
XPND First Trust Expanded Technology ETF 1.4 65 -15 6.4 +2.2
AIRR First Trust RBA American Industrial Renaissance ETF 1.3 70 -20 6.3 +2.0
RYJ Invesco Raymond James SB-1 Equity ETF 1.2 81 -31 5.2 +0.9
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.2 10 40 6.0 +1.7
MCHI iShares MSCI China ETF 1.2 57 -7 10.2 +5.9
VFMO Vanguard U.S. Momentum Factor ETF 1.2 13 37 4.3 +0.1
BICK First Trust BICK Index Fund 1.1 64 -14 6.7 +2.5
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.1 65 -15 6.4 +2.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.1 10 40 6.0 +1.7
FPXI First Trust International Equity Opportunities ETF 1.1 70 -20 -0.5 -4.8
RAYC Rayliant Quantamental China Equity ETF 1.1 80 -30 11.5 +7.2
EQUL IQ Engender Equality ETF 1.1 45 5 7.1 +2.8
PID Invesco International Dividend Achievers ETF 1.1 56 -6 8.3 +4.0
OSCV Opus Small Cap Value Plus ETF 1.1 79 -29 6.3 +2.1
TMFX Motley Fool Next Index ETF 1.1 50 0 3.6 -0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 18 7.2 +2.9
VBK Vanguard Small-Cap Growth Index Fund 1.1 7 43 1.8 -2.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.1 60 -10 5.1 +0.8
KESG KraneShares MSCI China ESG Leaders Index ETF 1.1 59 -9 11.8 +7.5
SCHM Schwab U.S. Mid-Cap ETF 1.0 4 46 6.3 +2.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.0 18 32 8.4 +4.1
VOT Vanguard Mid-Cap Growth Index Fund 1.0 7 43 5.1 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 1.0 56 -6 5.2 +0.9
KGHG KraneShares Global Carbon Transformation ETF 1.0 89 -39 8.4 +4.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 70 -20 2.9 -1.4
IUSS Invesco Strategic US Small Company ETF 1.0 23 27 6.8 +2.5
MTUM iShares MSCI USA Momentum Factor ETF 0.9 15 35 7.8 +3.6
FLCH Franklin FTSE China ETF 0.9 19 31 10.3 +6.1
PDP Invesco DWA Momentum ETF 0.9 62 -12 5.6 +1.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.9 95 -45 2.4 -1.8
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.9 15 35 7.2 +3.0
YPS Arrow Reverse Cap 500 ETF 0.9 29 21 6.3 +2.0
JHMM John Hancock Multifactor Mid Cap ETF 0.9 41 9 7.5 +3.2
AUSF Global X Adaptive U.S. Factor ETF 0.9 27 23 7.8 +3.5
IPO Renaissance IPO ETF 0.8 60 -10 -59.8 -64.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.8 60 -10 5.8 +1.5
NUSC Nuveen ESG Small-Cap ETF 0.8 30 20 5.3 +1.0
BUZZ VanEck Social Sentiment ETF 0.8 75 -25 0.9 -3.4
IWP iShares Russell Mid-Cap Growth ETF 0.8 23 27 5.3 +1.0
GXC SPDR S&P China ETF 0.8 59 -9 9.4 +5.1
CHIU Global X MSCI China Utilities ETF 0.8 67 -17 10.2 +5.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 0.7 49 1 6.2 +2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 70 -20 3.6 -0.7
KALL KraneShares MSCI All China Index ETF 0.7 48 2 10.9 +6.6
EWY iShares MSCI South Korea ETF 0.7 57 -7 9.5 +5.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.7 61 -11 9.4 +5.2
XLK Technology Select Sector SPDR Fund 0.7 10 40 6.4 +2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 2 13.9 +9.6
PKB Invesco Dynamic Building & Construction ETF 0.7 60 -10 10.2 +5.9
CSML IQ Chaikin U.S. Small Cap ETF 0.7 35 15 5.9 +1.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 15 5.4 +1.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.7 57 -7 5.2 +0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 11 5.2 +1.0
BKF iShares MSCI BRIC ETF 0.7 70 -20 8.9 +4.7
IWO iShares Russell 2000 Growth ETF 0.6 23 27 2.8 -1.5
FDMO Fidelity Momentum Factor ETF 0.6 29 21 6.5 +2.2
VTWG Vanguard Russell 2000 Growth Index Fund 0.6 15 35 2.9 -1.4
VB Vanguard Small-Cap ETF 0.6 5 45 5.8 +1.5
SSPY Syntax Stratified LargeCap ETF 0.6 30 20 7.1 +2.9
KLDW Gavekal Knowledge Leaders Developed World ETF 0.6 75 -25 5.3 +1.1
VGT Vanguard Information Technology Index Fund 0.6 10 40 6.0 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 0.6 8 42 6.1 +1.8
RAYE Rayliant Quantamental Emerging Market Equity ETF 0.6 80 -30 14.3 +10.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 6.5 +2.2
QGRO American Century STOXX U.S. Quality Growth ETF 0.6 29 21 7.5 +3.3
IGM iShares Expanded Tech Sector ETF 0.6 40 10 5.6 +1.3
FLKR Franklin FTSE South Korea ETF 0.6 9 41 10.4 +6.1
FTC First Trust Large Cap Growth AlphaDEX Fund 0.6 59 -9 6.2 +1.9
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.6 50 0 2.9 -1.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 50 0 8.2 +3.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.6 25 25 6.7 +2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 15 35 8.6 +4.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 35 8.6 +4.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.6 18 32 8.5 +4.3
ENTR Entrepreneur 30 Fund 0.6 49 1 2.1 -2.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 30 6.6 +2.3
IXN iShares Global Tech ETF 0.5 40 10 6.0 +1.7
JZRO Janus Henderson Net Zero Transition Resources ETF 0.5 60 -10 6.8 +2.6
IEUS iShares MSCI Europe Small-Cap ETF 0.5 40 10 5.9 +1.6
RSP Invesco S&P 500 Equal Weight ETF 0.5 20 30 6.8 +2.5
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 25 9.1 +4.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 43 6.6 +2.4
FDT First Trust Developed Markets ex-US Alphadex Fund 0.5 80 -30 11.3 +7.0
IWR iShares Russell Midcap ETF 0.5 18 32 6.3 +2.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 69 -19 7.8 +3.5
IDU iShares U.S. Utilities ETF 0.5 39 11 5.6 +1.3
AVEM Avantis Emerging Markets Equity ETF 0.5 33 17 10.6 +6.3
VO Vanguard Mid-Cap Index Fund 0.5 4 46 6.6 +2.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 41 4.6 +0.3
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.5 64 -14 7.4 +3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 -16 8.2 +3.9
TTAC TrimTabs US Free Cash Flow Quality ETF 0.5 59 -9 7.7 +3.4
BLES Inspire Global Hope Large Cap ETF 0.5 49 1 6.9 +2.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.5 21 29 4.5 +0.3
CN Xtrackers MSCI All China Equity ETF 0.4 50 0 10.4 +6.1
SCHA Schwab U.S. Small-Cap ETF 0.4 4 46 5.3 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 41 8.8 +4.5
EEM iShares MSCI Emerging Markets ETF 0.4 68 -18 8.4 +4.1
NULC Nuveen ESG Large-Cap ETF 0.4 20 30 6.1 +1.8
FLDZ RiverNorth Volition America Patriot ETF 0.4 70 -20 6.6 +2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 -13 4.9 +0.7
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 44 5.1 +0.8
RESE WisdomTree Emerging Markets ESG Fund 0.4 32 18 8.9 +4.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 68 -18 7.3 +3.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 46 6.7 +2.4
SIZE iShares MSCI USA Size Factor ETF 0.4 15 35 6.6 +2.3
IFRA iShares U.S. Infrastructure ETF 0.4 30 20 6.6 +2.3
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 46 6.7 +2.4
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 41 6.6 +2.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 1 9.6 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 35 9.1 +4.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 39 9.2 +4.9
SFYX Sofi Next 500 ETF 0.4 0 50 6.6 +2.4
IWM iShares Russell 2000 ETF 0.4 19 31 4.2 -0.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.4 6 44 8.5 +4.2
VTWO Vanguard Russell 2000 Index Fund 0.4 10 40 4.3 +0.1
SMMD iShares Russell 2500 ETF 0.4 15 35 6.1 +1.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 41 6.5 +2.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 0.4 40 10 7.6 +3.3
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 15 9.4 +5.1
VWO Vanguard FTSE Emerging Markets ETF 0.4 8 42 8.7 +4.4
VEGN US Vegan Climate ETF 0.4 60 -10 5.8 +1.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 35 8.2 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 31 8.5 +4.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 35 8.0 +3.7
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 40 6.1 +1.9
TPLC Timothy Plan US Large Cap Core ETF 0.4 52 -2 6.7 +2.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 52 -2 6.2 +1.9
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -10 6.6 +2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.4 16 34 9.3 +5.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -30 12.3 +8.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.4 12 38 6.9 +2.6
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 34 9.5 +5.2
VOOG Vanguard S&P 500 Growth ETF 0.4 10 40 6.8 +2.5
SPYG SPDR Portfolio S&P 500 Growth ETF 0.4 4 46 6.9 +2.6
IVW iShares S&P 500 Growth ETF 0.4 18 32 6.7 +2.5
HAP VanEck Natural Resources ETF 0.4 49 1 8.9 +4.6
DWAS Invesco DWA SmallCap Momentum ETF 0.4 60 -10 1.9 -2.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 30 8.6 +4.3
IWS iShares Russell Mid-Cap Value ETF 0.4 23 27 7.1 +2.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.4 6 44 5.4 +1.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.4 17 33 5.3 +1.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 38 7.6 +3.4
IUSG iShares Core S&P US Growth ETF 0.3 4 46 6.9 +2.6
FIDU Fidelity MSCI Industrials Index ETF 0.3 8 42 6.0 +1.7
AZTD Aztlan Global Stock Selection DM SMID ETF 0.3 75 -25 4.3 -0.0
RESP WisdomTree US ESG Fund of Benef Interest 0.3 28 22 7.4 +3.2
DFSV Dimensional US Small Cap Value ETF 0.3 31 19 8.3 +4.0
JEMA JPMorgan Emerging Markets Equity Core ETF 0.3 39 11 8.2 +3.9
VIS Vanguard Industrials Index Fund 0.3 10 40 5.7 +1.4
MDY SPDR S&P Midcap 400 ETF Trust 0.3 22 28 7.6 +3.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 19 31 7.0 +2.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 46 5.9 +1.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.3 14 36 6.3 +2.0
ITAN Sparkline Intangible Value ETF 0.3 50 0 7.4 +3.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.3 29 21 10.0 +5.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 40 7.8 +3.5
SPMO Invesco S&P 500 Momentum ETF 0.3 13 37 7.5 +3.3
IJH iShares Core S&P Mid-Cap ETF 0.3 5 45 7.8 +3.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 39 11 6.3 +2.0
FDWM Fidelity Women's Leadership ETF 0.3 59 -9 5.9 +1.7
SPMD SPDR Portfolio Mid Cap ETF 0.3 5 45 7.8 +3.5
VBR Vanguard Small Cap Value Index Fund 0.3 7 43 8.4 +4.2
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 44 7.8 +3.5
QQQS Invesco NASDAQ Future Gen 200 ETF 0.3 20 30 -7.0 -11.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 -9 11.8 +7.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 1 7.7 +3.4
DFAS Dimensional U.S. Small Cap ETF 0.3 28 22 6.8 +2.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 -11 8.4 +4.1
DRLL Strive U.S. Energy ETF 0.3 41 9 7.3 +3.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -8 8.8 +4.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -20 11.7 +7.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 43 5.6 +1.3
GWX SPDR S&P International Small Cap ETF 0.3 40 10 6.3 +2.0
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 40 10 5.1 +0.8
DFAT Dimensional U.S. Targeted Value ETF 0.3 29 21 8.9 +4.6
AESR Anfield U.S. Equity Sector Rotation ETF 0.3 112 -62 5.6 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 50 0 13.4 +9.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 39 11 10.1 +5.9
SMDY Syntax Stratified MidCap ETF 0.3 35 15 7.5 +3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 14 8.5 +4.2
JHSC John Hancock Multifactor Small Cap ETF 0.3 42 8 6.5 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 39 8.6 +4.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -15 7.7 +3.5
ILCG iShares Morningstar Growth ETF 0.3 4 46 5.3 +1.1
ISCB iShares Morningstar Small-Cap ETF 0.3 4 46 5.0 +0.7
AVUS Avantis U.S. Equity ETF 0.2 15 35 7.3 +3.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 41 6.8 +2.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 35 6.1 +1.8
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.2 20 30 6.9 +2.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 49 1 6.1 +1.9
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.2 35 15 13.3 +9.0
QQQM Invesco NASDAQ 100 ETF 0.2 15 35 6.3 +2.0
QQQ Invesco QQQ Trust 0.2 20 30 5.8 +1.5
VXF Vanguard Extended Market Index Fund 0.2 6 44 4.1 -0.2
DFEV Dimensional Emerging Markets Value ETF 0.2 43 7 14.0 +9.7
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 41 6.2 +1.9
DXGE WisdomTree Germany Hedged Equity Fund 0.2 48 2 10.3 +6.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 9 9.7 +5.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 27 23 5.9 +1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 59 -9 8.5 +4.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 30 8.6 +4.3
FUTY Fidelity MSCI Utilities Index ETF 0.2 8 42 6.0 +1.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 27 23 6.4 +2.1
AFLG First Trust Active Factor Large Cap ETF 0.2 55 -5 7.7 +3.5
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 25 4.9 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 31 19 8.7 +4.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 78 -28 11.3 +7.0
DFAU Dimensional US Core Equity Market ETF 0.2 12 38 6.6 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 20 8.8 +4.6
SCHC Schwab International Small-Cap Equity ETF 0.2 11 39 6.4 +2.1
VPU Vanguard Utilities Index Fund 0.2 10 40 5.9 +1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 35 15 8.2 +4.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.2 25 25 6.8 +2.5
JHML John Hancock Multifactor Large Cap ETF 0.2 29 21 6.7 +2.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.2 35 15 10.6 +6.3
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 -9 7.5 +3.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.2 35 15 7.3 +3.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.2 35 15 7.1 +2.9
DFIS Dimensional International Small Cap ETF 0.2 39 11 6.2 +2.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 44 2.1 -2.2
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 6.3 +2.0
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 27 23 6.2 +1.9
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.2 45 5 13.0 +8.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 6.2 +1.9
IYY iShares Dow Jones U.S. ETF 0.2 20 30 6.2 +1.9
IVV iShares Core S&P 500 ETF 0.2 3 47 6.5 +2.3
VOO VANGUARD S&P 500 ETF 0.2 3 47 6.5 +2.3
AVDV Avantis International Small Cap Value ETF 0.2 36 14 10.2 +6.0
SPLG SPDR Portfolio S&P 500 ETF 0.2 3 47 6.5 +2.3
SPY SPDR S&P 500 ETF Trust 0.2 9 41 6.5 +2.2
DFUS Dimensional U.S. Equity ETF 0.2 11 39 6.4 +2.1
VOTE Engine No. 1 Transform 500 ETF 0.2 5 45 6.3 +2.0
SCHK Schwab 1000 Index ETF 0.2 5 45 6.4 +2.1
STRV Strive 500 ETF 0.2 5 45 6.3 +2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 25 8.6 +4.3
SPTM SPDR Portfolio Total Stock Market ETF 0.2 3 47 6.6 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 6.4 +2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 41 7.1 +2.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 40 6.6 +2.4
VT Vanguard Total World Stock ETF 0.2 7 43 6.9 +2.7
PBUS Invesco PureBeta MSCI USA ETF 0.2 4 46 6.4 +2.2
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 47 6.4 +2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.2 16 34 8.6 +4.3
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 6.4 +2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 -8 13.3 +9.0
IWN iShares Russell 2000 Value ETF 0.2 23 27 5.8 +1.5
VTWV Vanguard Russell 2000 Value Index Fund 0.2 15 35 5.8 +1.6
VUG Vanguard Growth Index Fund 0.2 4 46 5.4 +1.1
FPX First Trust US IPO Index Fund 0.2 57 -7 3.0 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 0.2 15 35 6.3 +2.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 39 6.3 +2.0
EZM WisdomTree U.S. MidCap Earnings Fund 0.2 38 12 10.6 +6.3
BFOR Barron's 400 ETF 0.2 65 -15 9.6 +5.3
AVES Avantis Emerging Markets Value ETF 0.2 36 14 14.6 +10.3
VSGX Vanguard ESG International Stock ETF 0.2 12 38 7.8 +3.5
IXUS ishares Core MSCI Total International Stock ETF 0.2 7 43 8.0 +3.7
ACWI iShares MSCI ACWI ETF 0.2 32 18 7.0 +2.7
VONG Vanguard Russell 1000 Growth Index Fund 0.2 8 42 6.1 +1.8
IWF iShares Russell 1000 Growth ETF 0.2 18 32 6.0 +1.7
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 0.2 16 34 9.5 +5.3
VTHR Vanguard Russell 3000 Index Fund 0.2 10 40 6.2 +1.9
IWV iShares Russell 3000 ETF 0.2 20 30 6.1 +1.8
VTI Vanguard Total Stock Market Index Fund 0.2 3 47 6.1 +1.9
QQMG Invesco ESG NASDAQ 100 ETF 0.1 20 30 6.5 +2.2
XVV iShares ESG Screened S&P 500 ETF 0.1 8 42 6.4 +2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 20 10.3 +6.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 11 9.9 +5.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.9 +3.6
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.1 80 -30 16.6 +12.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 30 6.3 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 7.3 +3.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.1 32 18 9.6 +5.3
VXUS Vanguard Total International Stock ETF 0.1 7 43 8.0 +3.7
IWB iShares Russell 1000 ETF 0.1 15 35 6.2 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 18 8.1 +3.8
VONE Vanguard Russell 1000 ETF 0.1 8 42 6.3 +2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 5 10.0 +5.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 21 6.2 +1.9
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -9 2.8 -1.4
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 8 42 7.4 +3.2
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -45 5.7 +1.4
TOK iShares MSCI Kokusai ETF 0.1 25 25 6.7 +2.4
GLIF AGFiQ Global Infrastructure ETF 0.1 45 5 5.9 +1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 6.9 +2.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 26 8.4 +4.1
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 8.6 +4.3
VONV Vanguard Russell 1000 Value Index Fund 0.1 8 42 7.4 +3.2
IWD iShares Russell 1000 Value ETF 0.1 18 32 7.3 +3.1
URTH iShares MSCI World ETF 0.1 24 26 6.9 +2.6
IETC iShares Evolved U.S. Technology ETF 0.1 18 32 5.9 +1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 30 8.1 +3.8
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 18 7.9 +3.7
IQSU IQ Candriam ESG US Equity ETF 0.1 9 41 6.1 +1.8
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -39 6.3 +2.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 8.4 +4.1
IWC iShares Micro-Cap ETF 0.1 60 -10 -4.0 -8.3
SFY SoFi Select 500 ETF 0.1 0 50 6.6 +2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.1 60 -10 5.8 +1.6
AVIV Avantis International Large Cap Value ETF 0.1 25 25 9.9 +5.6
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 50 6.4 +2.1
RECS Columbia Research Enhanced Core ETF 0.1 15 35 7.4 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 7 43 8.2 +3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 30 7.6 +3.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.1 17 33 8.2 +3.9
SUSA iShares MSCI USA ESG Select ETF 0.1 25 25 6.2 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 25 8.2 +3.9
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 38 8.2 +3.9
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 11 7.6 +3.3
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 0 7.5 +3.2
ILCV iShares Morningstar Value ETF 0.1 4 46 7.8 +3.5
GSPY Gotham Enhanced 500 ETF 0.1 50 0 7.1 +2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 69 -19 10.3 +6.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 47 3 7.1 +2.8
VV Vanguard Large-Cap Index Fund 0.1 4 46 6.4 +2.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 43 6.3 +2.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -8 8.9 +4.6
DSI iShares MSCI KLD 400 Social ETF 0.1 25 25 6.4 +2.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.1 23 27 8.9 +4.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 30 6.2 +1.9
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 46 7.5 +3.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 8.0 +3.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -8 8.7 +4.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 15 35 7.1 +2.8
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 33 7.0 +2.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 35 7.0 +2.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.1 36 14 8.8 +4.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.1 35 15 8.6 +4.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 4 46 7.6 +3.3
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 -2 8.4 +4.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 8.5 +4.2
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 35 6.7 +2.4
SDGA Impact Shares Sustainable Development Goals Global ETF 0.1 75 -25 7.7 +3.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 1 6.2 +2.0
DFUV Dimensional US Marketwide Value ETF 0.1 23 27 8.7 +4.4
IEUR iShares Core MSCI Europe ETF 0.1 9 41 7.5 +3.3
SPEU SPDR Portfolio Europe ETF 0.1 9 41 7.5 +3.2
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.1 15 35 6.4 +2.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 31 7.5 +3.2
AVDE Avantis International Equity ETF 0.1 23 27 9.2 +4.9
DUHP Dimensional US High Profitability ETF 0.1 22 28 8.6 +4.3
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 9.8 +5.5
VGK Vanguard FTSE Europe ETF 0.1 8 42 7.4 +3.1
VPL Vanguard FTSE Pacific ETF 0.1 8 42 8.1 +3.8
VEA Vanguard FTSE Developed Markets ETF 0.1 5 45 7.8 +3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 20 9.5 +5.3
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 39 6.8 +2.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 27 8.2 +4.0
IEFA iShares Core MSCI EAFE ETF 0.0 7 43 7.7 +3.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 -13 16.6 +12.3
EPS WisdomTree U.S. Earnings 500 Fund 0.0 8 42 7.8 +3.5
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.0 17 33 6.6 +2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 25 7.6 +3.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -25 6.9 +2.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 21 8.3 +4.0
IUSV iShares Core S&P U.S. Value ETF 0.0 4 46 6.9 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 5 9.0 +4.7
IGRO iShares International Dividend Growth ETF 0.0 15 35 9.4 +5.1
SQEW LeaderShares Equity Skew ETF 0.0 75 -25 6.4 +2.1
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 2 9.5 +5.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 25 9.6 +5.3
HKND Humankind US Stock ETF 0.0 11 39 8.1 +3.8
HFXI IQ 50 Percent Hedged FTSE International ETF 0.0 20 30 8.0 +3.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 46 7.7 +3.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 32 7.8 +3.5
ACWF iShares MSCI Global Multifactor ETF 0.0 35 15 9.6 +5.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.0 7 43 8.1 +3.8
RWL Invesco S&P 500 Revenue ETF 0.0 39 11 7.4 +3.1
SCHF Schwab International Equity ETF 0.0 6 44 8.2 +3.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 11 7.3 +3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 51 -1 11.2 +6.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 41 7.7 +3.5
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 35 7.0 +2.7
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 8 6.0 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 9.4 +5.1
HEET Hartford Schroders ESG US Equity ETF 0.0 39 11 7.3 +3.0
VYM Vanguard High Dividend Yield Index ETF 0.0 6 44 8.2 +3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 11 9.1 +4.8
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 1 7.7 +3.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 -8 5.7 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 -25 6.0 +1.8

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

  2018 2019 2020 2021 2022 2023E 2024E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Global X Solar ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.31 CATEGORY
AVERAGE		 1.48
 
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.