Global X Solar ETF
ALTAR
Score™
5.3% info Recommen-
dation
OVERWEIGHT
2023E    2024E
P/E
ratio
15.0x P/Sales
ratio
1.3x
P/BV
ratio
2.0x Div.
yield
1.0%


  • 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 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 50
Wgt avg mkt cap (mns) $7,959
Large cap (>$10bn) 33.2%
Mid cap ($2-10bn) 45.1%
Small cap (<$2bn) 21.7%
Developed mkts 36.3%
Emerging mkts 63.7%

TOP TEN HOLDINGS
FIRST SOLAR INC 9.1 %
SUNGROW POWER SUPPLY CO., LTD. CLA 9.0 %
XI'AN LONGI SILICON MATERIALS CO., 8.4 %
ENPHASE ENERGY INC 7.0 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 4.0 %
SUNRUN INC. 3.5 %
NINGBO DEYE TECHNOLOGY CO., LTD. C 3.5 %
XINYI SOLAR HOLDINGS LTD 3.4 %
SOLAREDGE TECHNOLOGIES, INC. 3.2 %
HANGZHOU FIRST PV MATERIAL CO LTD 3.0 %
Total 54.2 %

TOP COUNTRY EXPOSURE
CHINA 53.6 %
UNITED STATES 30.0 %
SOUTH KOREA 3.2 %
GERMANY 2.9 %
TAIWAN 2.6 %
SPAIN 1.5 %
BRITAIN 1.5 %
TURKEY 1.2 %
CANADA 1.2 %
SWITZERLAND 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-42.4% -47.2% -- -- -27.5%

Market Correlations
versus... Beta R-squared
S&P500 0.98 28%
MSCI EAFE 0.96 25%
MSCI Emg. Mkts. 0.88 21%

Technical Indicators
Recent close $11.55
30d moving avg. $12.52
Annualized volatility 37.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $1,409

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 444 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™: 5.3%


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
(%)
CTEC Global X CleanTech ETF 27.9 50 1 2.5 -2.8
FRNW Fidelity Clean Energy ETF 27.6 39 12 4.5 -0.8
ICLN iShares Global Clean Energy ETF 24.2 41 10 4.2 -1.1
ACES ALPS Clean Energy ETF 20.2 55 -4 -4.3 -9.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 19.2 58 -7 -1.4 -6.7
VCLN Virtus Duff & Phelps Clean Energy ETF 18.8 59 -8 3.8 -1.5
TAN Invesco Solar ETF 18.6 69 -18 6.7 +1.4
CNRG SPDR S&P Kensho Clean Power ETF 15.9 45 6 -2.2 -7.5
ETEC iShares Breakthrough Environmental Solutions ETF 14.4 47 4 5.6 +0.3
KGRN KraneShares MSCI China Clean Technology Index ETF 12.7 79 -28 7.2 +1.9
ENRG SoFi Smart Energy ETF 12.7 59 -8 -2.5 -7.8
RNEW VanEck Green Infrastructure ETF 12.4 45 6 0.0 -5.3
PBW Invesco WilderHill Clean Energy ETF 11.6 61 -10 -12.9 -18.2
SOLR SmartETFs Sustainable Energy II Fund 9.7 79 -28 5.4 +0.1
SMOG VanEck Low Carbon Energy ETF 9.4 61 -10 3.0 -2.3
MVPS Amplify Thematic All-Stars ETF 8.3 49 2 2.0 -3.3
GSFP Goldman Sachs Future Planet Equity ETF 7.8 75 -24 4.7 -0.6
MEME Roundhill MEME ETF 7.6 69 -18 -7.1 -12.4
ERTH Invesco MSCI Sustainable Future ETF 7.2 56 -5 3.8 -1.5
CCSO Carbon Collective Climate Solutions U.S. Equity ETF 6.8 35 16 2.4 -2.9
CHIK Global X MSCI China Information Technology ETF 6.7 65 -14 7.1 +1.8
BNE Blue Horizon BNE ETF 6.4 87 -36 4.2 -1.1
RAYC Rayliant Quantamental China Equity ETF 5.7 80 -29 9.4 +4.1
PBD Invesco Global Clean Energy ETF 5.6 75 -24 -1.6 -6.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.8 45 6 5.9 +0.6
OCEN IQ Clean Oceans ETF 4.0 45 6 5.6 +0.3
SHOC Strive U.S. Semiconductor ETF 3.9 40 11 6.8 +1.5
CNXT VanEck ChiNext ETF 3.7 65 -14 5.3 +0.0
KBA KraneShares Bosera MSCI China A Share ETF 3.7 55 -4 9.3 +4.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 3.6 58 -7 4.9 -0.4
FXU First Trust Utilities AlphaDEX Fund 3.5 64 -13 6.3 +1.0
TCHI iShares MSCI China Multisector Tech ETF 3.5 59 -8 2.6 -2.7
CLNR IQ Cleaner Transport ETF 3.4 45 6 6.4 +1.2
RSPT Invesco S&P 500 Equal Weight Technology ETF 3.3 40 11 6.2 +0.9
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.2 45 6 2.0 -3.3
JCHI JPMorgan Active China ETF 2.9 65 -14 7.8 +2.5
RNRG Global X Renewable Energy Producers ETF 2.7 66 -15 4.7 -0.6
BECO BlackRock Future Climate and Sustainable Economy ETF 2.5 70 -19 19.0 +13.7
SPHB Invesco S&P 500 High Beta ETF 2.4 25 26 5.8 +0.5
BKES BNY Mellon Sustainable Global Emerging Markets ETF 2.4 75 -24 3.9 -1.4
XSD SPDR S&P Semiconductor ETF 2.4 35 16 6.2 +0.9
DTEC ALPS Disruptive Technologies ETF 2.3 50 1 3.7 -1.6
ITEQ BlueStar Israel Technology ETF 2.3 75 -24 1.5 -3.8
SDG iShares Sustainable MSCI Global Impact ETF 2.1 49 2 6.6 +1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.0 32 19 6.3 +1.0
TEMP JPMorgan Climate Change Solutions ETF 2.0 49 2 5.2 -0.1
BUZZ VanEck Social Sentiment ETF 2.0 75 -24 1.9 -3.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.0 20 31 6.1 +0.8
TMFX Motley Fool Next Index ETF 2.0 50 1 3.2 -2.1
RUFF Alpha Dog ETF 1.9 94 -43 4.5 -0.8
QQQN VictoryShares Nasdaq Next 50 ETF 1.9 18 33 3.6 -1.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.9 65 -14 9.2 +3.9
CHII Global X MSCI China Industrials ETF 1.9 65 -14 13.9 +8.6
AIRR First Trust RBA American Industrial Renaissance ETF 1.8 70 -19 5.7 +0.5
IYE iShares U.S. Energy ETF 1.8 40 11 6.8 +1.5
MCH Matthews China Active ETF 1.8 79 -28 7.1 +1.8
FTGS First Trust Growth Strength ETF 1.7 60 -9 6.4 +1.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.7 15 36 5.6 +0.3
CNYA iShares MSCI China A ETF 1.6 60 -9 8.5 +3.2
ETHO Etho Climate Leadership U.S. ETF 1.6 47 4 5.0 -0.3
NUMG Nuveen ESG Mid-Cap Growth ETF 1.6 31 20 3.7 -1.6
FXN First Trust Energy AlphaDEX Fund 1.5 61 -10 4.4 -0.9
BLLD JPMorgan Sustainable Infrastructure ETF 1.5 49 2 6.3 +1.0
PID Invesco International Dividend Achievers ETF 1.4 56 -5 7.4 +2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.4 75 -24 7.0 +1.8
NETZ Engine No 1 Transform Climate ETF 1.4 75 -24 3.9 -1.4
NUMV Nuveen ESG Mid-Cap Value ETF 1.3 31 20 8.0 +2.7
CHIU Global X MSCI China Utilities ETF 1.3 66 -15 11.4 +6.1
AFTY Pacer CSOP FTSE China A50 ETF 1.3 70 -19 9.5 +4.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.3 60 -9 5.9 +0.6
KSTR KraneShares SSE STAR Market 50 Index ETF 1.2 89 -38 2.2 -3.1
TRFM AAM Transformers ETF 1.2 49 2 1.4 -3.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -24 3.7 -1.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.2 65 -14 6.0 +0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 6 0.7 -4.6
JSML Janus Henderson Small Cap Growth Alpha ETF 1.1 30 21 10.1 +4.8
OSCV Opus Small Cap Value Plus ETF 1.1 79 -28 6.4 +1.1
EQUL IQ Engender Equality ETF 1.1 45 6 6.5 +1.2
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 6 -4.9 -10.2
RYJ Invesco Raymond James SB-1 Equity ETF 1.0 81 -30 3.8 -1.5
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.0 10 41 5.0 -0.3
FGM First Trust Germany AlphaDEX Fund 0.9 80 -29 9.3 +4.0
VOT Vanguard Mid-Cap Growth Index Fund 0.9 7 44 4.7 -0.6
BIBL Inspire ETF 0.9 35 16 5.3 +0.1
RPG Invesco S&P 500 Pure Growth ETF 0.9 35 16 7.7 +2.4
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.9 10 41 5.0 -0.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.8 60 -9 7.2 +1.9
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -8 1.8 -3.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.8 6 45 4.5 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 16 5.6 +0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.8 58 -7 5.4 +0.1
PGJ Invesco Golden Dragon China ETF 0.8 70 -19 3.8 -1.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 0.7 49 2 5.6 +0.3
KOMP SPDR Kensho New Economies Composite ETF 0.7 20 31 -0.5 -5.8
XT iShares Exponential Technologies ETF 0.7 46 5 3.5 -1.8
YPS Arrow Reverse Cap 500 ETF 0.7 29 22 7.1 +1.8
IPO Renaissance IPO ETF 0.7 60 -9 -8.6 -13.9
FDMO Fidelity Momentum Factor ETF 0.6 29 22 4.2 -1.1
NUSC Nuveen ESG Small-Cap ETF 0.6 31 20 5.6 +0.3
IWO iShares Russell 2000 Growth ETF 0.5 24 27 1.2 -4.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 31 6.8 +1.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -21 2.5 -2.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -19 11.7 +6.4
VTWG Vanguard Russell 2000 Growth Index Fund 0.5 15 36 1.3 -4.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.5 18 33 7.6 +2.3
SSPY Syntax Stratified LargeCap ETF 0.5 30 21 7.0 +1.7
STXK Strive Small-Cap ETF 0.5 18 33 5.6 +0.3
MCHI iShares MSCI China ETF 0.5 58 -7 8.9 +3.6
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 0.5 69 -18 5.6 +0.3
FLCH Franklin FTSE China ETF 0.5 19 32 9.3 +4.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 39 5.5 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 9 7.1 +1.8
VO Vanguard Mid-Cap Index Fund 0.4 4 47 6.4 +1.1
VBK Vanguard Small-Cap Growth Index Fund 0.4 7 44 1.3 -4.0
SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF 0.4 15 36 5.9 +0.7
IQM Franklin Intelligent Machines ETF 0.4 50 1 3.3 -2.0
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 31 6.6 +1.3
EWY iShares MSCI South Korea ETF 0.4 57 -6 7.8 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 19 6.1 +0.8
IWP iShares Russell Mid-Cap Growth ETF 0.4 23 28 3.9 -1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 42 6.6 +1.3
DEIF Sterling Capital Diverse Multi-Manager Active ETF 0.4 65 -14 5.0 -0.3
IEUS iShares MSCI Europe Small-Cap ETF 0.4 40 11 6.3 +1.1
BLES Inspire Global Hope Large Cap ETF 0.4 61 -10 6.4 +1.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 47 6.2 +1.0
AVES Avantis Emerging Markets Value ETF 0.4 36 15 11.8 +6.5
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 47 6.3 +1.0
KALL KraneShares MSCI All China Index ETF 0.4 49 2 9.7 +4.4
IFRA iShares U.S. Infrastructure ETF 0.4 30 21 6.4 +1.1
NULC Nuveen ESG Large-Cap ETF 0.4 21 30 5.5 +0.2
FLKR Franklin FTSE South Korea ETF 0.4 9 42 8.5 +3.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -28 12.3 +7.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 31 -12.2 -17.5
XLK Technology Select Sector SPDR Fund 0.4 10 41 5.6 +0.3
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.4 50 1 3.2 -2.1
GK AdvisorShares Gerber Kawasaki ETF 0.4 75 -24 3.1 -2.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 45 2.0 -3.3
TTAC TrimTabs US Free Cash Flow Quality ETF 0.3 59 -8 6.2 +0.9
VGT Vanguard Information Technology Index Fund 0.3 10 41 5.0 -0.3
BFOR Barron's 400 ETF 0.3 65 -14 7.9 +2.6
BTEK BlackRock Future Tech ETF 0.3 88 -37 1.8 -3.5
IGM iShares Expanded Tech Sector ETF 0.3 41 10 5.0 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 42 6.5 +1.2
IWR iShares Russell Midcap ETF 0.3 18 33 6.1 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 43 5.1 -0.2
JEMA JPMorgan Emerging Markets Equity Core ETF 0.3 33 18 7.1 +1.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 21 9.4 +4.1
TPLC Timothy Plan US Large Cap Core ETF 0.3 52 -1 6.1 +0.8
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 -1 8.1 +2.8
NULV Nuveen ESG Large-Cap Value ETF 0.3 26 25 7.4 +2.1
IWM iShares Russell 2000 ETF 0.3 19 32 3.8 -1.5
VTWO Vanguard Russell 2000 Index Fund 0.3 10 41 3.9 -1.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.3 20 31 7.5 +2.2
SCHA Schwab U.S. Small-Cap ETF 0.3 4 47 5.1 -0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 13 7.9 +2.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.3 17 34 5.7 +0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 12 4.2 -1.1
MTUM iShares MSCI USA Momentum Factor ETF 0.3 15 36 5.0 -0.3
IWS iShares Russell Mid-Cap Value ETF 0.3 23 28 7.2 +1.9
IXN iShares Global Tech ETF 0.3 41 10 4.7 -0.6
SPMO Invesco S&P 500 Momentum ETF 0.3 13 38 4.7 -0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 59 -8 7.8 +2.5
GXC SPDR S&P China ETF 0.3 59 -8 8.8 +3.6
RESP WisdomTree US ESG Fund of Benef Interest 0.3 28 23 6.2 +0.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -14 7.8 +2.5
ISCB iShares Morningstar Small-Cap ETF 0.3 4 47 5.2 -0.1
SSLY Syntax Stratified SmallCap ETF 0.3 40 11 8.0 +2.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.3 15 36 5.9 +0.6
SIZE iShares MSCI USA Size Factor ETF 0.3 15 36 6.3 +1.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 36 5.1 -0.2
TUR iShares MSCI Turkey ETF 0.2 57 -6 21.0 +15.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 10 7.8 +2.5
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 16 7.6 +2.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 44 6.0 +0.7
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 11.0 +5.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 36 8.5 +3.3
HAP VanEck Natural Resources ETF 0.2 50 1 8.3 +3.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 2 6.6 +1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 33 8.6 +3.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 36 8.6 +3.3
DFAS Dimensional U.S. Small Cap ETF 0.2 26 25 6.3 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 39 5.5 +0.2
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.2 35 16 7.9 +2.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 10 6.9 +1.6
JGRO JPMorgan Active Growth ETF 0.2 44 7 3.8 -1.5
IDU iShares U.S. Utilities ETF 0.2 40 11 6.1 +0.8
PSCI Invesco S&P SmallCap Industrials ETF 0.2 29 22 6.9 +1.6
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 26 7.7 +2.4
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 9 6.2 +0.9
FDWM Fidelity Women's Leadership ETF 0.2 59 -8 5.7 +0.4
BKF iShares MSCI BRIC ETF 0.2 70 -19 7.4 +2.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 37 5.6 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 69 -18 6.2 +0.9
VEGN US Vegan Climate ETF 0.2 60 -9 4.9 -0.4
FSST Fidelity Sustainability U.S. Equity ETF 0.2 59 -8 5.5 +0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.2 21 30 4.1 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 44 6.5 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 32 7.0 +1.7
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 38 5.9 +0.6
SFY SoFi Select 500 ETF 0.2 0 51 5.4 +0.1
SCHC Schwab International Small-Cap Equity ETF 0.2 11 40 6.3 +1.0
VB Vanguard Small-Cap ETF 0.2 5 46 5.7 +0.4
ITAN Sparkline Intangible Value ETF 0.2 50 1 6.5 +1.2
FIDU Fidelity MSCI Industrials Index ETF 0.2 8 43 5.1 -0.2
XPND First Trust Expanded Technology ETF 0.2 65 -14 4.8 -0.5
VIS Vanguard Industrials Index Fund 0.2 10 41 4.8 -0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -16 10.9 +5.7
EGUS iShares ESG Aware MSCI USA Growth ETF 0.2 15 36 4.7 -0.6
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 41 5.4 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 22 6.8 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 15 7.2 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 40 -0.6 -5.9
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 26 5.4 +0.1
EEM iShares MSCI Emerging Markets ETF 0.2 68 -17 7.0 +1.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 43 -0.6 -5.9
SMDY Syntax Stratified MidCap ETF 0.2 35 16 7.4 +2.1
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.2 49 2 5.3 -0.0
SPYG SPDR Portfolio S&P 500 Growth ETF 0.2 4 47 5.7 +0.4
IVW iShares S&P 500 Growth ETF 0.2 18 33 5.5 +0.3
VOOG Vanguard S&P 500 Growth ETF 0.2 10 41 5.6 +0.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.2 59 -8 7.0 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 6 8.5 +3.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.2 4 47 4.6 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -15 7.0 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 42 7.4 +2.1
SPHQ Invesco S&P 500 Quality ETF 0.2 15 36 5.8 +0.6
ILCG iShares Morningstar Growth ETF 0.2 4 47 4.4 -0.9
IUSG iShares Core S&P US Growth ETF 0.2 4 47 5.7 +0.4
VXF Vanguard Extended Market Index Fund 0.2 6 45 3.9 -1.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 47 6.1 +0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 36 7.1 +1.8
AVDV Avantis International Small Cap Value ETF 0.1 36 15 7.1 +1.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 42 4.0 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 35 7.5 +2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 0.1 35 16 6.3 +1.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 6.0 +0.7
VPU Vanguard Utilities Index Fund 0.1 10 41 6.6 +1.4
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 43 6.7 +1.4
DFSV Dimensional US Small Cap Value ETF 0.1 31 20 9.1 +3.8
ISMD Inspire Small/Mid Cap Impact ETF 0.1 54 -3 6.1 +0.8
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 45 8.3 +3.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 6.4 +1.1
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.1 60 -9 4.7 -0.6
SUSA iShares MSCI USA ESG Select ETF 0.1 25 26 5.5 +0.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 2 7.9 +2.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 26 6.9 +1.6
GWX SPDR S&P International Small Cap ETF 0.1 40 11 5.6 +0.3
VUG Vanguard Growth Index Fund 0.1 4 47 4.5 -0.8
DFIS Dimensional International Small Cap ETF 0.1 39 12 6.6 +1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 4.6 -0.7
LDEM iShares ESG MSCI EM Leaders ETF 0.1 16 35 8.1 +2.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 49 2 4.9 -0.4
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 39 7.7 +2.4
AVUS Avantis U.S. Equity ETF 0.1 15 36 6.4 +1.1
TMFE Motley Fool Capital Efficiency 100 Index ETF 0.1 50 1 5.2 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 42 5.7 +0.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -38 4.6 -0.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.1 15 36 7.8 +2.5
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 47 6.7 +1.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.1 71 -20 1.0 -4.3
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 6.0 +0.7
CN Xtrackers MSCI All China Equity ETF 0.1 50 1 8.9 +3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 31 7.4 +2.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 26 7.0 +1.7
QGRW WisdomTree U.S. Quality Growth Fund 0.1 28 23 5.4 +0.1
MDY SPDR S&P Midcap 400 ETF Trust 0.1 23 28 7.5 +2.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.1 23 28 8.4 +3.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 8.7 +3.4
STXG Strive 1000 Growth ETF 0.1 18 33 4.5 -0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 10 41 7.7 +2.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 12 10.6 +5.3
SPMD SPDR Portfolio Mid Cap ETF 0.1 3 48 7.7 +2.4
IJH iShares Core S&P Mid-Cap ETF 0.1 5 46 7.7 +2.4
SFYX Sofi Next 500 ETF 0.1 0 51 6.0 +0.7
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 5.3 +0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 31 7.3 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.6 +0.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -19 6.4 +1.1
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 1 5.7 +0.4
IWC iShares Micro-Cap ETF 0.1 60 -9 -5.2 -10.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 21 7.4 +2.1
QQQ Invesco QQQ Trust 0.1 20 31 5.1 -0.2
QQQM Invesco NASDAQ 100 ETF 0.1 15 36 5.2 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 5.3 0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.1 25 26 6.2 +0.9
VONV Vanguard Russell 1000 Value Index Fund 0.1 8 43 7.2 +1.9
IWD iShares Russell 1000 Value ETF 0.1 19 32 7.1 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.4 +0.1
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 5.5 +0.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 48 5.5 +0.2
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 6.9 +1.6
QQMG Invesco ESG NASDAQ 100 ETF 0.1 20 31 5.3 +0.1
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 5.5 +0.3
GLIF AGFiQ Global Infrastructure ETF 0.1 45 6 5.2 -0.1
IYY iShares Dow Jones U.S. ETF 0.1 20 31 5.4 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 5.5 +0.2
GPAL Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca 0.1 20 31 6.2 +1.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 12 9.2 +3.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 31 5.4 +0.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -10 8.6 +3.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 50 1 11.8 +6.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 1.1 -4.2
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 -22 14.6 +9.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 7.2 +1.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 41 5.9 +0.6
VOO VANGUARD S&P 500 ETF 0.1 3 48 5.6 +0.3
SPY SPDR S&P 500 ETF Trust 0.1 9 42 5.5 +0.3
IVV iShares Core S&P 500 ETF 0.1 3 48 5.6 +0.3
VTHR Vanguard Russell 3000 Index Fund 0.1 10 41 5.4 +0.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 39 12 6.2 +0.9
EZM WisdomTree U.S. MidCap Earnings Fund 0.1 38 13 10.4 +5.1
IWV iShares Russell 3000 ETF 0.1 20 31 5.3 -0.0
SPTM SPDR Portfolio Total Stock Market ETF 0.1 3 48 5.8 +0.5
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 49 5.6 +0.3
VTI Vanguard Total Stock Market Index Fund 0.1 3 48 5.4 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 5.4 +0.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -24 4.3 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.5 +0.2
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 48 5.5 +0.2
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 5.2 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 0.1 15 36 5.4 +0.1
SCHX Schwab U.S. Large-Cap ETF 0.1 3 48 5.6 +0.3
PBUS Invesco PureBeta MSCI USA ETF 0.1 4 47 5.5 +0.2
IWN iShares Russell 2000 Value ETF 0.1 24 27 6.1 +0.8
SCHE Schwab Emerging Markets Equity ETF 0.1 11 40 7.6 +2.3
SCHK Schwab 1000 Index ETF 0.1 5 46 5.6 +0.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.7 +0.4
VTWV Vanguard Russell 2000 Value Index Fund 0.1 15 36 6.2 +0.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -7 7.1 +1.8
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.1 58 -7 6.5 +1.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -7 10.2 +4.9
DFUV Dimensional US Marketwide Value ETF 0.1 22 29 8.2 +2.9
ISRA VanEck Israel ETF 0.1 59 -8 8.6 +3.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.5 +0.2
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 19 -5.7 -11.0
VONE Vanguard Russell 1000 ETF 0.1 8 43 5.5 +0.2
IWB iShares Russell 1000 ETF 0.1 15 36 5.4 +0.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 8.7 +3.4
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.5 +0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 6 6.1 +0.8
VT Vanguard Total World Stock ETF 0.1 7 44 5.2 -0.1
VOTE Engine No. 1 Transform 500 ETF 0.1 5 46 5.5 +0.2
LRGF iShares Edge MSCI Multifactor USA ETF 0.1 8 43 6.2 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 7.5 +2.2
VV Vanguard Large-Cap Index Fund 0.1 4 47 5.5 +0.2
STRV Strive 500 ETF 0.1 5 46 5.5 +0.2
AVIV Avantis International Large Cap Value ETF 0.1 25 26 8.5 +3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 31 5.9 +0.6
ACWI iShares MSCI ACWI ETF 0.1 32 19 5.6 +0.4
VSGX Vanguard ESG International Stock ETF 0.1 12 39 4.0 -1.3
RVRB Reverb ETF 0.1 30 21 5.3 +0.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 31 7.1 +1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 21 8.3 +3.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 31 5.3 +0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 42 5.7 +0.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.1 42 9 8.5 +3.2
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 27 6.1 +0.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 12 6.2 +0.9
IXUS ishares Core MSCI Total International Stock ETF 0.1 7 44 6.8 +1.5
VONG Vanguard Russell 1000 Growth Index Fund 0.1 8 43 5.0 -0.3
IWF iShares Russell 1000 Growth ETF 0.1 19 32 4.9 -0.4
TOK iShares MSCI Kokusai ETF 0.1 25 26 5.4 +0.1
DFLV Dimensional US Large Cap Value ETF 0.1 22 29 8.6 +3.3
AVDE Avantis International Equity ETF 0.1 23 28 7.6 +2.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 26 6.5 +1.2
IEUR iShares Core MSCI Europe ETF 0.1 9 42 6.6 +1.3
VXUS Vanguard Total International Stock ETF 0.1 7 44 4.9 -0.4
URTH iShares MSCI World ETF 0.1 24 27 5.5 +0.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 44 5.6 +0.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.0 15 36 8.3 +3.1
DUHP Dimensional US High Profitability ETF 0.0 21 30 7.6 +2.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 31 6.6 +1.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.0 12 39 7.6 +2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.0 15 36 6.8 +1.5
SMMD iShares Russell 2500 ETF 0.0 15 36 6.2 +0.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.0 25 26 6.8 +1.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 6.5 +1.2
VPL Vanguard FTSE Pacific ETF 0.0 8 43 6.5 +1.2
SPEU SPDR Portfolio Europe ETF 0.0 7 44 6.6 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 6.5 +1.3
RECS Columbia Research Enhanced Core ETF 0.0 15 36 6.2 +0.9
VMAT V-Shares MSCI World ESG Materiality and Carbon Transition ET 0.0 39 12 5.1 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 0.0 32 19 5.3 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 19 6.6 +1.3
SLYG SPDR S&P 600 Small Cap Growth ETF 0.0 15 36 6.9 +1.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 40 5.6 +0.3
STXE Strive Emerging Markets Ex-China ETF 0.0 32 19 -34.0 -39.3
IQSU IQ Candriam ESG US Equity ETF 0.0 9 42 5.0 -0.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.1 +1.8
VFQY Vanguard U.S. Quality Factor ETF 0.0 13 38 7.3 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 22 7.0 +1.8
VGK Vanguard FTSE Europe ETF 0.0 11 40 6.6 +1.3
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 7.1 +1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 7.5 +2.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.0 3 48 8.3 +3.0
IJR iShares Core S&P Small Cap ETF 0.0 6 45 8.2 +2.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.0 10 41 7.9 +2.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 5.0 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 42 6.3 +1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 0.0 36 15 6.7 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 43 4.8 -0.5
TXS Texas Capital Texas Equity Index ETF 0.0 49 2 5.6 +0.3
DLS WisdomTree International SmallCap Dividend Fund 0.0 58 -7 9.2 +3.9
IETC iShares Evolved U.S. Technology ETF 0.0 18 33 4.8 -0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 15 6.8 +1.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 12 7.1 +1.8
ROUS Hartford Multifactor US Equity ETF 0.0 19 32 6.7 +1.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 33 6.0 +0.7
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -8 2.4 -2.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.0 15 36 9.0 +3.8
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 39 7.7 +2.4
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.8 +0.5
SLYV SPDR S&P 600 Small Cap Value ETF 0.0 15 36 9.3 +4.0
IJS iShares S&P Small-cap 600 Value ETF 0.0 18 33 9.3 +4.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 44 5.5 +0.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 6.4 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 26 7.2 +1.9
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 36 8.2 +2.9
EPS WisdomTree U.S. Earnings 500 Fund 0.0 8 43 6.8 +1.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 46 6.7 +1.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.0 63 -12 2.6 -2.7
HFXI IQ 50 Percent Hedged FTSE International ETF 0.0 20 31 6.6 +1.3
GLOF iShares Global Equity Factor ETF 0.0 20 31 7.2 +1.9
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 3 6.8 +1.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 6.6 +1.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 6.5 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 12 6.1 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 6.5 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.0 25 26 7.3 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 8.4 +3.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 2 5.4 +0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.0 17 34 7.4 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 7.6 +2.4
SNPE Xtrackers S&P 500 ESG ETF 0.0 10 41 5.6 +0.3
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 6.4 +1.1
IUSV iShares Core S&P U.S. Value ETF 0.0 4 47 6.3 +1.0
SCHF Schwab International Equity ETF 0.0 6 45 6.9 +1.6
STXV Strive 1000 Value ETF 0.0 18 33 8.4 +3.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 6.1 +0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 17 9.9 +4.6
VYM Vanguard High Dividend Yield Index ETF 0.0 6 45 7.8 +2.5
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 36 6.3 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 7.1 +1.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 6.1 +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

  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:

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 9.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.47
 
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.