Global X Solar ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 20.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 1.3%


  • 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) $7
Currency USD
Expense ratio 51 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 49
Wgt avg mkt cap (mns) $9,734
Large cap (>$10bn) 36.7%
Mid cap ($2-10bn) 44.0%
Small cap (<$2bn) 17.9%
Developed mkts 36.8%
Emerging mkts 63.2%

TOP TEN HOLDINGS
SUNGROW POWER SUPPLY CO., LTD. CLA 11.5 %
FIRST SOLAR INC 8.8 %
XI'AN LONGI SILICON MATERIALS CO., 7.8 %
ENPHASE ENERGY INC 7.0 %
NINGBO DEYE TECHNOLOGY CO., LTD. C 6.6 %
NEXTRACKER, INC. CLASS A 5.2 %
TIANJIN ZHONGHUAN SEMICOND-A 4.1 %
SUNRUN INC. 3.6 %
SHENZHEN S.C NEW ENERGY TECHNOLOGY 3.4 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 3.3 %
Total 61.3 %

TOP COUNTRY EXPOSURE
CHINA 59.3 %
UNITED STATES 30.2 %
GERMANY 3.1 %
SOUTH KOREA 1.8 %
BRITAIN 1.6 %
TAIWAN 1.2 %
SPAIN 0.8 %
CANADA 0.7 %
TURKEY 0.5 %
JAPAN 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.7% -16.4% -- -- -21.8%

Market Correlations
versus... Beta R-squared
S&P500 1.05 24%
MSCI EAFE 1.20 31%
MSCI Emg. Mkts. 1.04 22%

Technical Indicators
Recent close $10.19
30d moving avg. $9.95
Annualized volatility 38.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 7
Turnover 1.1%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $5,597

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 434 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: 51 bp ALTAR Score™: 7.4%


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 38.5 67 -16 10.2 +2.8
VCLN Virtus Duff & Phelps Clean Energy ETF 25.8 59 -8 3.7 -3.7
FRNW Fidelity Clean Energy ETF 25.3 39 12 2.5 -5.0
CTEC Global X CleanTech ETF 25.0 50 1 2.8 -4.7
ICLN iShares Global Clean Energy ETF 22.4 41 10 5.2 -2.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 19.8 58 -7 -2.9 -10.4
ACES ALPS Clean Energy ETF 19.5 55 -4 -4.1 -11.5
CNRG SPDR S&P Kensho Clean Power ETF 16.6 45 6 2.9 -4.5
ETEC iShares Breakthrough Environmental Solutions ETF 13.1 47 4 8.1 +0.7
ERTH Invesco MSCI Sustainable Future ETF 11.2 62 -11 3.7 -3.7
PBW Invesco WilderHill Clean Energy ETF 10.6 66 -15 -12.2 -19.6
RNEW VanEck Green Infrastructure ETF 10.3 45 6 -1.5 -8.9
PBD Invesco Global Clean Energy ETF 10.2 75 -24 -4.7 -12.1
SDG iShares MSCI Global Sustainable Development Goals ETF 8.8 49 2 5.4 -2.1
SMOG VanEck Low Carbon Energy ETF 8.4 61 -10 2.3 -5.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 8.4 79 -28 4.8 -2.6
KGRN KraneShares MSCI China Clean Technology Index ETF 7.9 79 -28 5.9 -1.6
RNRG Global X Renewable Energy Producers ETF 5.8 66 -15 5.0 -2.4
CCSO Carbon Collective Climate Solutions US Equity ETF 5.6 35 16 2.0 -5.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 5.0 55 -4 3.1 -4.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.9 45 6 5.7 -1.7
IBAT iShares Energy Storage & Materials ETF 4.7 47 4 3.4 -4.1
QQQN VictoryShares Nasdaq Next 50 ETF 4.4 18 33 4.7 -2.7
BNE Blue Horizon BNE ETF 4.0 87 -36 4.5 -2.9
OCEN IQ Clean Oceans ETF 3.7 45 6 6.0 -1.5
TCHI iShares MSCI China Multisector Tech ETF 3.2 59 -8 1.8 -5.7
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 3.1 65 -14 1.3 -6.2
CLNR IQ Cleaner Transport ETF 3.0 45 6 6.9 -0.6
MADE iShares U.S. Manufacturing ETF 3.0 40 11 5.6 -1.8
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.9 45 6 -6.9 -14.3
DTEC ALPS Disruptive Technologies ETF 2.8 50 1 3.8 -3.6
IPO Renaissance IPO ETF 2.8 60 -9 -4.1 -11.6
MVPS Amplify Thematic All-Stars ETF 2.7 49 2 3.0 -4.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.5 20 31 5.6 -1.8
XSD SPDR S&P Semiconductor ETF 2.5 35 16 4.6 -2.8
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 12 11.2 +3.8
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.4 40 11 5.4 -2.0
BECO BlackRock Future Climate and Sustainable Economy ETF 2.2 70 -19 11.1 +3.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.2 15 36 4.6 -2.8
NUMV Nuveen ESG Mid-Cap Value ETF 2.2 31 20 6.7 -0.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.1 58 -7 4.5 -2.9
NUMG Nuveen ESG Mid-Cap Growth ETF 2.0 31 20 3.6 -3.8
IYE iShares U.S. Energy ETF 1.9 40 11 7.1 -0.3
SPHB Invesco S&P 500 High Beta ETF 1.8 25 26 3.5 -3.9
TMFX Motley Fool Next Index ETF 1.8 50 1 3.0 -4.5
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.8 55 -4 8.0 +0.6
XT iShares Exponential Technologies ETF 1.8 46 5 4.8 -2.6
FDWM Fidelity Women's Leadership ETF 1.8 59 -8 4.6 -2.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.7 65 -14 7.9 +0.5
NETZ TCW Transform Systems ETF 1.7 75 -24 3.6 -3.8
FTGS First Trust Growth Strength ETF 1.7 60 -9 5.5 -1.9
FCA First Trust China AlphaDEX Fund 1.6 80 -29 15.8 +8.4
BIBL Inspire 100 ETF 1.5 35 16 5.1 -2.3
CNYA iShares MSCI China A ETF 1.4 60 -9 8.0 +0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.4 32 19 5.6 -1.8
PSCI Invesco S&P SmallCap Industrials ETF 1.3 29 22 5.5 -1.9
NBDS Neuberger Berman Disrupters ETF 1.3 55 -4 1.5 -6.0
HAIL SPDR S&P Kensho Smart Mobility ETF 1.3 45 6 -3.0 -10.4
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.2 55 -4 4.2 -3.3
KOMP SPDR S&P Kensho New Economies Composite ETF 1.2 20 31 1.1 -6.3
WCEO Hypatia Women CEO ETF 1.1 85 -34 4.2 -3.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.1 65 -14 6.5 -1.0
NULV Nuveen ESG Large-Cap Value ETF 1.1 26 25 6.7 -0.8
TRFM AAM Transformers ETF 1.1 49 2 1.7 -5.7
NUSC Nuveen ESG Small-Cap ETF 1.0 31 20 5.1 -2.3
JSML Janus Henderson Small Cap Growth Alpha ETF 1.0 30 21 6.9 -0.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.0 10 41 4.4 -3.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.0 10 41 4.5 -2.9
TEMP JPMorgan Climate Change Solutions ETF 0.9 49 2 5.3 -2.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.9 45 6 -0.3 -7.7
BDFIX Baron Discovery 0.9 75 -24 0.2 -7.2
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.9 60 -9 5.6 -1.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.9 30 21 5.8 -1.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.9 65 -14 4.1 -3.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.9 75 -24 3.0 -4.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.8 20 31 -10.7 -18.1
VOT Vanguard Mid-Cap Growth ETF 0.8 7 44 3.7 -3.7
MCH Matthews China Active ETF 0.8 79 -28 5.0 -2.4
ROE Astoria US Quality Kings ETF 0.8 49 2 7.2 -0.3
SMCP AlphaMark Actively Managed Small Cap ETF 0.8 90 -39 4.2 -3.2
JCHI JPMorgan Active China ETF 0.8 65 -14 7.5 +0.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.7 35 16 8.3 +0.9
ITEQ BlueStar Israel Technology ETF 0.7 75 -24 1.2 -6.2
RAYC Rayliant Quantamental China Equity ETF 0.7 80 -29 8.1 +0.7
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 -8 2.7 -4.7
FSST Fidelity Sustainable U.S. Equity ETF 0.7 59 -8 2.5 -4.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -29 15.1 +7.7
FXN First Trust Energy AlphaDEX Fund 0.7 62 -11 6.3 -1.1
PSCT Invesco S&P SmallCap Information Technology ETF 0.6 29 22 4.9 -2.6
BUL Pacer US Cash Cows Growth ETF 0.6 60 -9 7.9 +0.4
GINN Goldman Sachs Innovate Equity ETF 0.6 52 -1 2.8 -4.6
HAP VanEck Natural Resources ETF 0.6 50 1 9.8 +2.4
IMCG iShares Morningstar Mid-Cap Growth ETF 0.6 6 45 4.2 -3.2
JHMM John Hancock Multifactor Mid Cap ETF 0.6 42 9 6.2 -1.2
ETHO Etho Climate Leadership U.S. ETF 0.6 47 4 3.5 -3.9
IJS iShares S&P Small-Cap 600 Value ETF 0.6 18 33 7.6 +0.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.6 15 36 8.4 +1.0
CNXT VanEck ChiNext ETF 0.6 65 -14 4.3 -3.1
SLYV SPDR S&P 600 Small Cap Value ETF 0.6 15 36 7.7 +0.3
BLES Inspire Global Hope ETF 0.5 61 -10 6.4 -1.0
HKND Humankind US Stock ETF 0.5 11 40 7.0 -0.4
BATT Amplify Lithium & Battery Technology ETF 0.5 59 -8 0.3 -7.2
IQM Franklin Intelligent Machines ETF 0.5 50 1 3.3 -4.1
EES WisdomTree U.S. SmallCap Fund 0.5 38 13 9.5 +2.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 -13 2.1 -5.3
DFNV Donoghue Forlines Innovation ETF 0.5 69 -18 4.7 -2.7
USMF WisdomTree U.S. Multifactor Fund 0.5 28 23 7.2 -0.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 27 7.2 -0.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -19 2.9 -4.5
PGJ Invesco Golden Dragon China ETF 0.4 70 -19 4.7 -2.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 42 5.8 -1.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 42 3.5 -3.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.4 35 16 5.6 -1.8
SSLY Syntax Stratified SmallCap ETF 0.4 40 11 7.2 -0.2
BFOR ALPS Barron's 400 ETF 0.4 65 -14 5.9 -1.5
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 28 3.4 -4.0
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 -9 7.5 +0.1
FDTX Fidelity Disruptive Technology ETF 0.4 50 1 2.9 -4.5
AIEQ AI Powered Equity ETF 0.4 75 -24 5.4 -2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -28 10.1 +2.7
SSPY Syntax Stratified LargeCap ETF 0.4 30 21 6.3 -1.1
IWO iShares Russell 2000 Growth ETF 0.4 24 27 0.6 -6.8
VLUE iShares MSCI USA Value Factor ETF 0.4 15 36 10.2 +2.8
VTWG Vanguard Russell 2000 Growth ETF 0.4 15 36 0.7 -6.7
RSSL Global X Russell 2000 ETF 0.4 8 43 2.7 -4.7
IWM iShares Russell 2000 ETF 0.4 19 32 2.9 -4.5
VTWO Vanguard Russell 2000 ETF 0.4 10 41 3.0 -4.4
IWN iShares Russell 2000 Value ETF 0.4 24 27 5.0 -2.4
VTWV Vanguard Russell 2000 Value ETF 0.4 15 36 5.1 -2.3
ISRA VanEck Israel ETF 0.4 59 -8 8.1 +0.7
FLCH Franklin FTSE China ETF 0.4 19 32 8.4 +0.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 47 4.9 -2.5
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 43 4.5 -2.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.4 52 -1 5.2 -2.3
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 58 -7 5.1 -2.3
VO Vanguard Mid-Cap ETF 0.4 4 47 5.5 -1.9
XLK Technology Select Sector SPDR Fund 0.4 9 42 5.0 -2.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 39 7.2 -0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 12 4.3 -3.2
VBK Vanguard Small-Cap Growth ETF 0.4 7 44 1.3 -6.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -29 10.4 +3.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 31 6.5 -1.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.3 18 33 6.9 -0.6
PTL Inspire 500 ETF 0.3 9 42 5.7 -1.8
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 31 6.1 -1.3
VGT Vanguard Information Technology ETF 0.3 10 41 4.4 -3.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 34 5.9 -1.5
FLDZ RiverNorth Patriot ETF 0.3 75 -24 5.5 -1.9
IJR iShares Core S&P Small Cap ETF 0.3 6 45 6.8 -0.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 36 5.9 -1.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 36 5.9 -1.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 10 41 7.4 -0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 19 6.0 -1.4
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 48 6.9 -0.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 36 5.9 -1.6
IMCB iShares Morningstar Mid-Cap ETF 0.3 4 47 5.9 -1.5
MCHI iShares MSCI China ETF 0.3 59 -8 7.9 +0.4
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 26 4.9 -2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 39 4.8 -2.7
SIZE iShares MSCI USA Size Factor ETF 0.3 15 36 5.7 -1.7
AVLV Avantis U.S. Large Cap Value ETF 0.3 15 36 7.3 -0.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 -8 5.7 -1.8
IWR iShares Russell Midcap ETF 0.3 19 32 5.6 -1.8
IGM iShares Expanded Tech Sector ETF 0.3 41 10 4.3 -3.1
EWY iShares MSCI South Korea ETF 0.3 58 -7 9.7 +2.3
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 42 5.8 -1.6
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 -1 6.9 -0.5
KALL KraneShares MSCI All China Index ETF 0.3 49 2 8.6 +1.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 26 6.2 -1.2
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 43 4.6 -2.9
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 38 7.5 +0.1
FLKR Franklin FTSE South Korea ETF 0.3 9 42 10.6 +3.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 36 5.0 -2.4
SFYX SoFi Next 500 ETF 0.2 0 51 4.9 -2.6
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 45 7.5 +0.1
IWS iShares Russell Mid-Cap Value ETF 0.2 23 28 6.4 -1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 -9 7.1 -0.4
KSTR KraneShares SSE STAR Market 50 Index ETF 0.2 89 -38 2.2 -5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 30 3.8 -3.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.2 35 16 5.7 -1.7
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.2 40 11 5.6 -1.8
DFLV Dimensional US Large Cap Value ETF 0.2 22 29 7.5 +0.1
AVES Avantis Emerging Markets Value ETF 0.2 36 15 11.4 +4.0
IXN iShares Global Tech ETF 0.2 41 10 4.3 -3.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 16 12.1 +4.7
TTAC FCF US Quality ETF 0.2 59 -8 6.3 -1.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 34 4.9 -2.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 16 6.5 -0.9
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 9 6.4 -1.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 12 7.8 +0.4
ITAN Sparkline Intangible Value ETF 0.2 50 1 5.9 -1.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 26 5.3 -2.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 44 5.5 -1.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 47 4.9 -2.5
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.2 18 33 5.6 -1.8
DFAS Dimensional U.S. Small Cap ETF 0.2 26 25 5.7 -1.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.2 60 -9 1.7 -5.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 31 4.8 -2.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 36 4.7 -2.7
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 16 4.5 -2.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 47 4.6 -2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -14 8.1 +0.7
BKF iShares MSCI BIC ETF 0.2 69 -18 6.5 -0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 13 7.7 +0.3
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 11.0 +3.5
VIS Vanguard Industrials ETF 0.2 10 41 4.3 -3.2
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 36 6.1 -1.3
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 36 6.4 -1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 47 5.8 -1.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 36 6.8 -0.6
IJH iShares Core S&P Mid-Cap ETF 0.2 5 46 6.6 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 27 6.4 -1.0
VEGN US Vegan Climate ETF 0.2 60 -9 4.5 -2.9
VB Vanguard Small-Cap ETF 0.2 5 46 5.0 -2.4
GWX SPDR S&P International Small Cap ETF 0.2 40 11 6.6 -0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 41 6.5 -0.9
VXF Vanguard Extended Market ETF 0.2 6 45 3.8 -3.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 10.0 +2.6
AVUS Avantis U.S. Equity ETF 0.2 15 36 5.7 -1.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 48 6.6 -0.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 45 2.3 -5.1
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 41 5.0 -2.5
STXK Strive Small-Cap ETF 0.2 18 33 5.1 -2.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 41 5.1 -2.3
VUG Vanguard Growth ETF 0.1 4 47 4.2 -3.2
GXC SPDR S&P China ETF 0.1 59 -8 7.9 +0.5
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 8.3 +0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 10 7.2 -0.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 5.3 -2.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 41 5.2 -2.2
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 16 7.2 -0.3
SUSA iShares MSCI USA ESG Select ETF 0.1 25 26 5.1 -2.3
VOOV Vanguard S&P 500 Value ETF 0.1 10 41 6.3 -1.1
IVE iShares S&P 500 Value ETF 0.1 18 33 6.3 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 47 6.4 -1.0
ILCG iShares Morningstar Growth ETF 0.1 4 47 4.0 -3.4
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 26 7.0 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 2 6.3 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 32 6.7 -0.7
JAVA JPMorgan Active Value ETF 0.1 44 7 5.9 -1.6
IUSV iShares Core S&P US Value ETF 0.1 4 47 6.5 -1.0
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 41 5.2 -2.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 26 6.4 -1.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 8.3 +0.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 36 7.1 -0.3
DFVX Dimensional US Large Cap Vector ETF 0.1 22 29 6.1 -1.3
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 47 4.4 -3.0
DFUV Dimensional US Marketwide Value ETF 0.1 22 29 7.3 -0.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 44 6.5 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -19 5.9 -1.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.1 12 39 7.7 +0.3
SFY SoFi Select 500 ETF 0.1 0 51 4.5 -2.9
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 -22 10.3 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -15 9.6 +2.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 43 6.8 -0.7
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 6.4 -1.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 5.1 -2.3
DFIS Dimensional International Small Cap ETF 0.1 39 12 6.8 -0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 6 4.6 -2.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 5.4 -2.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 12 7.1 -0.3
STXG Strive 1000 Growth ETF 0.1 18 33 4.0 -3.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 39 6.2 -1.2
SMDY Syntax Stratified MidCap ETF 0.1 35 16 5.7 -1.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.0 -2.4
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.7 -2.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 2 11.9 +4.4
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 35 6.7 -0.7
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 43 5.3 -2.1
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 34 7.0 -0.4
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 4.8 -2.6
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 4.8 -2.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 -18 6.6 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 42 7.2 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 10 4.8 -2.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.0 -2.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 36 4.9 -2.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 4.9 -2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 7.6 +0.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 9 6.1 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 11.1 +3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 7.9 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 5.9 -1.6
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 36 5.0 -2.4
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 36 5.2 -2.2
IWD iShares Russell 1000 Value ETF 0.1 19 32 6.2 -1.3
VONV Vanguard Russell 1000 Value ETF 0.1 8 43 6.3 -1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 42 5.5 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 4.8 -2.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 31 6.6 -0.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.0 -2.4
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 51 5.1 -2.4
VOTE TCW Transform 500 ETF 0.1 5 46 4.9 -2.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 37 5.4 -2.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.1 -2.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.1 -2.3
IWV iShares Russell 3000 ETF 0.1 20 31 4.7 -2.7
VTHR Vanguard Russell 3000 ETF 0.1 10 41 4.8 -2.6
IYY iShares Dow Jones U.S. ETF 0.1 20 31 4.8 -2.6
DFUS Dimensional U.S. Equity ETF 0.1 9 42 4.9 -2.5
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 18 33 4.6 -2.9
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 5.1 -2.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 4.9 -2.5
VTI Vanguard Total Stock Market ETF 0.1 3 48 4.8 -2.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 31 5.3 -2.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 4.9 -2.5
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -8 2.8 -4.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 31 4.8 -2.6
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 8.7 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 31 4.9 -2.6
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 44 5.0 -2.4
EPS WisdomTree U.S. LargeCap Fund 0.1 8 43 5.9 -1.5
QGRW WisdomTree U.S. Quality Growth Fund 0.1 28 23 4.8 -2.7
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 28 6.2 -1.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.1 12 39 4.5 -2.9
FESM Fidelity Enhanced Small Cap ETF 0.1 28 23 1.8 -5.6
TXS Texas Capital Texas Equity Index ETF 0.1 49 2 5.1 -2.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 48 5.0 -2.4
IVV iShares Core S&P 500 ETF 0.1 3 48 5.0 -2.4
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 49 5.0 -2.4
SPY SPDR S&P 500 ETF Trust 0.1 9 42 5.0 -2.5
VOO Vanguard S&P 500 ETF 0.1 3 48 5.0 -2.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -19 7.6 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 36 5.7 -1.7
IWC iShares Micro-Cap ETF 0.1 60 -9 -5.1 -12.5
VV Vanguard Large-Cap ETF 0.1 4 47 4.9 -2.5
SCHX Schwab U.S. Large-Cap ETF 0.1 3 48 5.1 -2.3
VT Vanguard Total World Stock ETF 0.1 7 44 5.6 -1.9
PBUS Invesco MSCI USA ETF 0.1 4 47 5.0 -2.4
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 48 5.0 -2.4
USMV iShares MSCI USA Min Vol Factor ETF 0.1 15 36 5.5 -1.9
VPU Vanguard Utilities ETF 0.1 10 41 5.3 -2.1
VONE Vanguard Russell 1000 ETF 0.1 8 43 4.9 -2.5
SCHK Schwab 1000 Index ETF 0.1 5 46 5.1 -2.3
IWB iShares Russell 1000 ETF 0.1 15 36 4.9 -2.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 42 5.2 -2.2
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 8.3 +0.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -7 7.8 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 7.1 -0.3
MODL VictoryShares WestEnd U.S. Sector ETF 0.1 42 9 4.7 -2.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 33 6.0 -1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 0.1 15 36 6.0 -1.4
STRV Strive 500 ETF 0.1 5 46 4.9 -2.5
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 33 5.5 -2.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 15 36 6.4 -1.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 43 5.0 -2.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -10 5.7 -1.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 11 6.7 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 39 6.8 -0.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 28 9.1 +1.7
ACWI iShares MSCI ACWI ETF 0.1 32 19 5.4 -2.0
RVRB Reverb ETF 0.1 30 21 4.7 -2.8
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 42 5.0 -2.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.0 -2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 21 7.3 -0.2
TOK iShares MSCI Kokusai ETF 0.1 26 25 5.0 -2.4
DFSV Dimensional US Small Cap Value ETF 0.1 31 20 9.0 +1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -7 10.3 +2.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 12 6.9 -0.6
SCHC Schwab International Small-Cap Equity ETF 0.0 11 40 6.6 -0.8
URTH iShares MSCI World ETF 0.0 24 27 5.3 -2.1
SCHE Schwab Emerging Markets Equity ETF 0.0 11 40 6.9 -0.5
VSGX Vanguard ESG International Stock ETF 0.0 12 39 6.7 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 31 6.9 -0.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.6 +0.2
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 40 4.8 -2.6
IWF iShares Russell 1000 Growth ETF 0.0 19 32 4.5 -2.9
VONG Vanguard Russell 1000 Growth ETF 0.0 8 43 4.6 -2.9
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 1 7.5 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 7.5 +0.1
JHSC John Hancock Multifactor Small Cap ETF 0.0 42 9 6.8 -0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 18 8.0 +0.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.0 35 16 7.4 -0.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 27 6.3 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 17 7.1 -0.3
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -38 5.2 -2.2
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 44 7.3 -0.1
VXUS Vanguard Total International Stock ETF 0.0 7 44 7.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 43 7.2 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.5 -2.9
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.7 -2.8
IUS Invesco RAFI Strategic US ETF 0.0 19 32 6.9 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 44 4.9 -2.5
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 19 5.9 -1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 22 6.7 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 21 8.0 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 2 8.0 +0.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 12 7.3 -0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 26 6.9 -0.5
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 33 4.4 -3.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 6.1 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 26 6.6 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 7.4 +0.0
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 6.9 -0.5
VPL Vanguard FTSE Pacific ETF 0.0 8 43 7.8 +0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.0 67 -16 9.1 +1.7
STXV Strive 1000 Value ETF 0.0 18 33 7.6 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 7.2 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 15 6.3 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 33 7.0 -0.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 34 6.9 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 6 10.7 +3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 42 5.4 -2.0
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 22 7.1 -0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 31 7.0 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 6 6.3 -1.1
AVDV Avantis International Small Cap Value ETF 0.0 36 15 8.2 +0.8
DLS WisdomTree International SmallCap Dividend Fund 0.0 58 -7 8.8 +1.4
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.1 -2.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 7.2 -0.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 7.1 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 10.2 +2.8
IVW iShares S&P 500 Growth ETF 0.0 18 33 4.5 -2.9
SPYG SPDR Portfolio S&P 500 Growth ETF 0.0 4 47 4.6 -2.8
VOOG Vanguard S&P 500 Growth ETF 0.0 10 41 4.6 -2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 9.0 +1.6
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 5.5 -1.9
VYMI Vanguard International High Dividend Yield ETF 0.0 22 29 9.9 +2.4
VBR Vanguard Small Cap Value ETF 0.0 7 44 7.7 +0.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 46 7.3 -0.2
SPEU SPDR Portfolio Europe ETF 0.0 7 44 6.8 -0.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 26 6.9 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 7.7 +0.3
IEUR iShares Core MSCI Europe ETF 0.0 11 40 6.8 -0.6
VGK Vanguard FTSE Europe ETF 0.0 11 40 6.9 -0.6
VYM Vanguard High Dividend Yield Index ETF 0.0 6 45 6.8 -0.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 7.4 -0.0
SCHF Schwab International Equity ETF 0.0 6 45 7.6 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 7.4 -0.0
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 8.3 +0.9
DISV Dimensional International Small Cap Value ETF 0.0 42 9 9.1 +1.7
APUE ActivePassive U.S. Equity ETF 0.0 45 6 4.8 -2.6
DUHP Dimensional US High Profitability ETF 0.0 21 30 6.5 -0.9
AVDE Avantis International Equity ETF 0.0 23 28 8.1 +0.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.53
 
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.