Global X Solar ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 17.0x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 0.9%


  • 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 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) $6,709
Large cap (>$10bn) 23.2%
Mid cap ($2-10bn) 54.2%
Small cap (<$2bn) 19.0%
Developed mkts 36.2%
Emerging mkts 62.2%

TOP TEN HOLDINGS
SUNGROW POWER SUPPLY CO., LTD. CLA 8.9 %
XI'AN LONGI SILICON MATERIALS CO., 8.2 %
NEXTRACKER, INC. CLASS A 7.9 %
FIRST SOLAR INC 6.9 %
ENPHASE ENERGY INC 6.2 %
TIANJIN ZHONGHUAN SEMICOND-A 4.1 %
ZHEJIANG CHINT ELECTRICS-A 3.9 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 3.5 %
GINLONG TECHNOLOGIES CO., LTD. CLA 3.2 %
NINGBO DEYE TECHNOLOGY CO., LTD. C 3.1 %
Total 55.8 %

TOP COUNTRY EXPOSURE
CHINA 65.6 %
UNITED STATES 26.0 %
SOUTH KOREA 3.0 %
NORWAY 1.4 %
SPAIN 1.2 %
GERMANY 0.8 %
TURKEY 0.7 %
CANADA 0.7 %
TAIWAN 0.3 %
JAPAN 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.5% -8.2% -- -- -23.3%

Market Correlations
versus... Beta R-squared
S&P500 1.22 37%
MSCI EAFE 1.32 45%
MSCI Emg. Mkts. 1.17 37%

Technical Indicators
Recent close $9.54
30d moving avg. $8.76
Annualized volatility 32.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.0%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $1,800

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 438 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™: 6.9%


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 33.5 67 -16 7.2 +0.3
CTEC Global X CleanTech ETF 24.0 50 1 2.5 -4.4
FRNW Fidelity Clean Energy ETF 20.4 39 12 3.9 -3.0
ICLN iShares Global Clean Energy ETF 20.4 41 10 5.9 -1.0
VCLN Virtus Duff & Phelps Clean Energy ETF 18.5 59 -8 5.5 -1.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 17.8 58 -7 -3.0 -9.8
ACES ALPS Clean Energy ETF 17.4 55 -4 -3.3 -10.2
CNRG SPDR S&P Kensho Clean Power ETF 13.1 45 6 0.5 -6.3
ETEC iShares Breakthrough Environmental Solutions ETF 11.8 47 4 3.5 -3.4
PBD Invesco Global Clean Energy ETF 10.7 75 -24 0.5 -6.3
PBW Invesco WilderHill Clean Energy ETF 10.3 66 -15 -4.4 -11.3
ERTH Invesco MSCI Sustainable Future ETF 8.6 62 -11 3.6 -3.3
SMOG VanEck Low Carbon Energy ETF 7.8 61 -10 1.6 -5.3
KGRN KraneShares MSCI China Clean Technology Index ETF 6.8 79 -28 3.5 -3.4
SDG iShares MSCI Global Sustainable Development Goals ETF 6.3 49 2 6.2 -0.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.1 79 -28 5.1 -1.8
IPO Renaissance IPO ETF 4.9 60 -9 4.3 -2.6
IBAT iShares Energy Storage & Materials ETF 4.6 47 4 5.3 -1.6
RNRG Global X Renewable Energy Producers ETF 4.5 66 -15 5.7 -1.2
CCSO Carbon Collective Climate Solutions US Equity ETF 4.0 35 16 1.1 -5.8
CCNR ALPS CoreCommodity Natural Resources ETF 3.9 39 12 11.3 +4.4
TINT ProShares Smart Materials ETF 3.3 58 -7 7.3 +0.4
DTEC ALPS Disruptive Technologies ETF 3.2 50 1 3.8 -3.0
DVLU First Trust Dorsey Wright Momentum & Value ETF 3.2 60 -9 7.8 +1.0
FXN First Trust Energy AlphaDEX Fund 3.2 62 -11 13.9 +7.0
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.6 40 11 5.4 -1.4
XSD SPDR S&P Semiconductor ETF 2.6 35 16 4.3 -2.6
CLNR IQ Cleaner Transport ETF 2.2 45 6 6.6 -0.3
OCEN IQ Clean Oceans ETF 2.2 45 6 6.3 -0.6
TCHI iShares MSCI China Multisector Tech ETF 2.2 59 -8 17.3 +10.4
QVAL Alpha Architect US Quantitative Value ETF 2.2 39 12 9.8 +2.9
MADE iShares U.S. Manufacturing ETF 2.2 40 11 5.0 -1.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.1 30 21 6.9 -0.0
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.0 49 2 11.8 +5.0
HAIL SPDR S&P Kensho Smart Mobility ETF 2.0 45 6 1.0 -5.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.7 65 -14 7.6 +0.8
CALF Pacer US Small Cap Cash Cows 100 ETF 1.5 59 -8 11.2 +4.3
KOMP SPDR S&P Kensho New Economies Composite ETF 1.4 20 31 2.8 -4.1
NUMV Nuveen ESG Mid-Cap Value ETF 1.4 31 20 7.1 +0.2
DSMC Distillate Small/Mid Cash Flow ETF 1.4 55 -4 12.7 +5.8
OPTZ Optimize Strategy Index ETF 1.4 50 1 5.0 -1.9
XT iShares Exponential Technologies ETF 1.3 46 5 4.8 -2.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.3 20 31 4.8 -2.1
XMHQ Invesco S&P MidCap Quality ETF 1.3 25 26 7.4 +0.5
IYE iShares U.S. Energy ETF 1.3 40 11 8.9 +2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 19 17.4 +10.5
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -30 3.4 -3.4
SPGP Invesco S&P 500 GARP ETF 1.2 34 17 9.2 +2.3
TEMP JPMorgan Climate Change Solutions ETF 1.2 49 2 5.8 -1.1
RAYC Rayliant Quantamental China Equity ETF 1.2 80 -29 8.4 +1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 -7 4.8 -2.1
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.1 60 -9 9.7 +2.9
QQQS Invesco NASDAQ Future Gen 200 ETF 1.1 20 31 -2.6 -9.5
TMFX Motley Fool Next Index ETF 1.1 50 1 2.6 -4.3
ITEQ BlueStar Israel Technology ETF 1.1 75 -24 1.9 -5.0
ROE Astoria US Quality Kings ETF 1.1 49 2 6.7 -0.2
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.0 55 -4 4.2 -2.7
TRFM AAM Transformers ETF 1.0 49 2 1.5 -5.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.0 15 36 4.6 -2.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 6 4.5 -2.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.0 45 6 4.6 -2.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.9 65 -14 3.5 -3.4
VBK Vanguard Small-Cap Growth ETF 0.9 7 44 2.0 -4.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.9 65 -14 5.8 -1.1
VAMO Cambria Value & Momentum ETF 0.9 61 -10 6.3 -0.5
PSCI Invesco S&P SmallCap Industrials ETF 0.9 29 22 5.4 -1.5
PSCT Invesco S&P SmallCap Information Technology ETF 0.8 29 22 5.5 -1.4
PSC Principal U.S. Small-Cap ETF 0.8 38 13 7.0 +0.1
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 22 4.8 -2.1
FDWM Fidelity Women's Leadership ETF 0.7 59 -8 5.0 -1.9
ETHO Etho Climate Leadership U.S. ETF 0.7 47 4 5.4 -1.5
ISCV iShares Morningstar Small Cap Value ETF 0.7 6 45 9.4 +2.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 21 8.3 +1.4
NORW Global X MSCI Norway ETF 0.7 50 1 10.1 +3.2
ENOR iShares MSCI Norway ETF 0.7 53 -2 10.1 +3.2
VTWG Vanguard Russell 2000 Growth ETF 0.6 10 41 1.5 -5.4
BIBL Inspire 100 ETF 0.6 35 16 5.2 -1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 0.6 18 33 8.9 +2.0
FPX First Trust US Equity Opportunities ETF 0.6 61 -10 1.0 -5.9
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 36 8.9 +2.1
NUSC Nuveen ESG Small-Cap ETF 0.6 31 20 5.5 -1.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.6 10 41 4.4 -2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 10 41 8.9 +2.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.6 10 41 4.4 -2.4
VLUE iShares MSCI USA Value Factor ETF 0.6 15 36 9.8 +2.9
BUZZ VanEck Social Sentiment ETF 0.6 75 -24 0.0 -6.9
HAP VanEck Natural Resources ETF 0.6 50 1 9.6 +2.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.6 35 16 10.6 +3.7
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 9 6.8 -0.0
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 25 6.3 -0.6
MCH Matthews China Active ETF 0.6 79 -28 15.1 +8.3
IWO iShares Russell 2000 Growth ETF 0.6 24 27 1.4 -5.5
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 33 10.2 +3.3
GVLU Gotham 1000 Value ETF 0.5 50 1 9.0 +2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 0.5 59 -8 2.8 -4.1
NIXT Research Affiliates Deletions ETF 0.5 9 42 8.8 +1.9
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 36 10.2 +3.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 41 10.2 +3.3
VTWO Vanguard Russell 2000 ETF 0.5 7 44 4.6 -2.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 31 7.0 +0.1
RSSL Global X Russell 2000 ETF 0.5 8 43 4.6 -2.3
IWM iShares Russell 2000 ETF 0.5 19 32 4.6 -2.3
NETZ TCW Transform Systems ETF 0.5 75 -24 2.5 -4.3
WCEO Hypatia Women CEO ETF 0.5 85 -34 4.4 -2.5
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.5 25 26 11.5 +4.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 12 6.1 -0.8
PGJ Invesco Golden Dragon China ETF 0.5 70 -19 9.9 +3.0
DFNV Donoghue Forlines Innovation ETF 0.5 69 -18 4.6 -2.3
IWN iShares Russell 2000 Value ETF 0.4 24 27 7.8 +0.9
USMF WisdomTree U.S. Multifactor Fund 0.4 28 23 7.0 +0.1
STXK Strive Small-Cap ETF 0.4 18 33 6.2 -0.7
VB Vanguard Small-Cap ETF 0.4 5 46 6.2 -0.7
HKND Humankind US Stock ETF 0.4 11 40 7.3 +0.4
ECLN First Trust EIP Carbon Impact ETF 0.4 96 -45 4.1 -2.8
CNXT VanEck ChiNext ETF 0.4 65 -14 5.9 -1.0
ISRA VanEck Israel ETF 0.4 59 -8 7.0 +0.1
BLES Inspire Global Hope ETF 0.4 61 -10 6.8 -0.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 34 5.9 -0.9
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 -9 9.8 +3.0
ISCB iShares Morningstar Small-Cap ETF 0.4 4 47 6.2 -0.7
SFYX SoFi Next 500 ETF 0.4 0 51 6.0 -0.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.4 12 39 8.2 +1.4
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 -8 4.3 -2.6
KALL KraneShares MSCI All China Index ETF 0.4 49 2 14.8 +7.9
LIVR Intelligent Livermore ETF 0.4 69 -18 6.3 -0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -28 8.7 +1.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 47 6.2 -0.7
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 31 6.4 -0.4
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 9 6.5 -0.4
FQAL Fidelity Quality Factor ETF 0.4 15 36 5.7 -1.1
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.4 65 -14 6.4 -0.5
SSPY Syntax Stratified LargeCap ETF 0.4 30 21 6.7 -0.2
VTWV Vanguard Russell 2000 Value ETF 0.4 10 41 7.8 +1.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.4 18 33 7.0 +0.1
DFAS Dimensional U.S. Small Cap ETF 0.3 26 25 6.6 -0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -13 2.4 -4.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -19 11.2 +4.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -20 0.5 -6.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 39 7.5 +0.6
IJH iShares Core S&P Mid-Cap ETF 0.3 5 46 7.5 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 0.3 24 27 7.3 +0.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 36 7.5 +0.7
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 36 5.7 -1.1
BFOR ALPS Barron's 400 ETF 0.3 65 -14 6.1 -0.8
FLCH Franklin FTSE China ETF 0.3 19 32 16.7 +9.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 7 44 7.5 +0.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 48 7.6 +0.7
IJR iShares Core S&P Small Cap ETF 0.3 6 45 7.9 +1.0
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.3 18 33 5.8 -1.1
FESM Fidelity Enhanced Small Cap ETF 0.3 28 23 7.8 +1.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 45 8.2 +1.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -44 0.6 -6.3
NULC Nuveen ESG Large-Cap ETF 0.3 21 30 4.8 -2.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 7 44 7.8 +1.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 48 7.9 +1.0
AVMV Avantis U.S. Mid Cap Value ETF 0.3 20 31 8.8 +2.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 42 4.5 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 19 9.4 +2.5
EZM WisdomTree U.S. MidCap Fund 0.3 38 13 9.3 +2.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -12 13.2 +6.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 47 6.2 -0.6
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.3 49 2 4.5 -2.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 36 6.3 -0.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 12 9.6 +2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 -9 7.7 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 43 4.1 -2.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 39 5.2 -1.6
VEGN US Vegan Climate ETF 0.2 60 -9 4.5 -2.4
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 -14 9.0 +2.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 38 5.8 -1.1
AVES Avantis Emerging Markets Value ETF 0.2 36 15 11.6 +4.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 13 9.5 +2.6
VGT Vanguard Information Technology ETF 0.2 9 42 4.1 -2.8
XLK Technology Select Sector SPDR Fund 0.2 8 43 4.5 -2.4
GWX SPDR S&P International Small Cap ETF 0.2 40 11 6.2 -0.6
VIS Vanguard Industrials ETF 0.2 9 42 4.6 -2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 9 9.9 +3.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 42 6.1 -0.8
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 13.3 +6.4
EIPX FT Energy Income Partners Strategy ETF 0.2 95 -44 8.3 +1.4
FLKR Franklin FTSE South Korea ETF 0.2 9 42 9.4 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 2 7.0 +0.1
VOT Vanguard Mid-Cap Growth ETF 0.2 7 44 3.6 -3.3
DTAN Sparkline International Intangible Value ETF 0.2 55 -4 8.2 +1.3
DXUV Dimensional US Vector Equity ETF 0.2 28 23 6.3 -0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 12 6.6 -0.3
VXF Vanguard Extended Market ETF 0.2 5 46 4.8 -2.0
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 26 6.0 -0.9
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 -1 5.5 -1.4
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 -7 5.4 -1.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 26 8.0 +1.1
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -7 8.0 +1.2
EES WisdomTree U.S. SmallCap Fund 0.2 38 13 9.1 +2.2
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -1 3.7 -3.2
DFSV Dimensional US Small Cap Value ETF 0.2 31 20 10.4 +3.5
SIZE iShares MSCI USA Size Factor ETF 0.2 15 36 5.9 -1.0
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 28 3.5 -3.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -19 7.8 +0.9
DFLV Dimensional US Large Cap Value ETF 0.2 22 29 7.9 +1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 8.2 +1.3
IWR iShares Russell Midcap ETF 0.2 19 32 5.9 -1.0
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 9 7.2 +0.3
IWS iShares Russell Mid-Cap Value ETF 0.2 23 28 6.8 -0.0
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 42 6.1 -0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 36 4.7 -2.2
PTL Inspire 500 ETF 0.2 9 42 5.4 -1.5
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 2 6.1 -0.8
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 43 4.5 -2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 6 10.6 +3.7
IGM iShares Expanded Tech Sector ETF 0.2 41 10 4.0 -2.9
DFUV Dimensional US Marketwide Value ETF 0.2 22 29 7.7 +0.8
TTAC FCF US Quality ETF 0.2 59 -8 6.1 -0.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.2 53 -2 7.8 +0.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 47 6.3 -0.6
AFK VanEck Africa Index ETF 0.2 98 -47 11.8 +5.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -14 8.1 +1.2
STXM Strive Mid-Cap ETF 0.2 18 33 6.4 -0.5
GXC SPDR S&P China ETF 0.1 59 -8 16.3 +9.5
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 47 6.1 -0.8
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.1 19 32 5.3 -1.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 32 9.5 +2.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 44 6.2 -0.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 9.5 +2.7
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -24 5.3 -1.6
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 16 9.5 +2.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 30 3.8 -3.1
IXN iShares Global Tech ETF 0.1 41 10 3.9 -3.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 10.2 +3.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 31 6.0 -0.9
EBI Longview Advantage ETF 0.1 35 16 6.7 -0.2
CNYA iShares MSCI China A ETF 0.1 60 -9 6.9 +0.1
HLGE Hartford Longevity Economy ETF 0.1 44 7 6.6 -0.3
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -7 8.4 +1.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 12 9.5 +2.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 10 9.0 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 5.6 -1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 43 6.8 -0.0
DFIS Dimensional International Small Cap ETF 0.1 39 12 7.4 +0.5
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 36 6.1 -0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 26 5.8 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 36 5.8 -1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -29 11.1 +4.2
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 16 5.9 -1.0
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 11 5.9 -1.0
AVDS Avantis International Small Cap Equity ETF 0.1 30 21 7.5 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 9.9 +3.1
SCHC Schwab International Small-Cap Equity ETF 0.1 11 40 6.8 -0.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 10 6.9 +0.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -16 10.1 +3.2
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 6.8 -0.1
VO Vanguard Mid-Cap ETF 0.1 4 47 5.9 -1.0
PRXG Praxis Impact Large Cap Growth ETF 0.1 36 15 4.1 -2.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 12 5.9 -1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 8.1 +1.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 36 10.4 +3.6
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 39 7.6 +0.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 11 7.0 +0.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 44 10.6 +3.8
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 33 5.5 -1.4
MCHI iShares MSCI China ETF 0.1 59 -8 17.8 +11.0
IUSV iShares Core S&P US Value ETF 0.1 4 47 6.5 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 -8 6.0 -0.9
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -39 4.0 -2.9
SMMD iShares Russell 2500 ETF 0.1 15 36 6.4 -0.5
QGRO American Century U.S. Quality Growth ETF 0.1 29 22 3.6 -3.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.1 58 -7 8.8 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 47 4.0 -2.9
DFVX Dimensional US Large Cap Vector ETF 0.1 22 29 6.3 -0.6
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 41 4.6 -2.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 45 3.0 -3.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -10 6.4 -0.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 37 5.5 -1.4
STXV Strive 1000 Value ETF 0.1 18 33 8.1 +1.3
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 4.9 -2.0
AVUS Avantis U.S. Equity ETF 0.1 15 36 5.9 -1.0
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 5.4 -1.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 36 5.0 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -15 9.9 +3.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 4.8 -2.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 4.8 -2.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 9.6 +2.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 33 5.6 -1.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.1 -1.7
VONV Vanguard Russell 1000 Value ETF 0.1 7 44 6.6 -0.2
ILCV iShares Morningstar Value ETF 0.1 4 47 6.7 -0.2
SLYG SPDR S&P 600 Small Cap Growth ETF 0.1 15 36 5.7 -1.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 10 41 5.7 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.0 -1.9
VTHR Vanguard Russell 3000 ETF 0.1 7 44 5.0 -1.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 39 6.6 -0.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.0 -1.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 18 8.7 +1.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.0 -1.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.2 -1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 11.8 +4.9
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.0 -1.9
VFVA Vanguard U.S. Value Factor ETF 0.1 13 38 11.3 +4.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 9.2 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 18 8.7 +1.8
IYY iShares Dow Jones U.S. ETF 0.1 20 31 4.9 -2.0
VTI Vanguard Total Stock Market ETF 0.1 3 48 5.0 -1.9
IWD iShares Russell 1000 Value ETF 0.1 19 32 6.5 -0.4
SPHQ Invesco S&P 500 Quality ETF 0.1 15 36 5.2 -1.6
CQQQ Invesco China Technology ETF 0.1 70 -19 10.2 +3.4
DISV Dimensional International Small Cap Value ETF 0.1 42 9 9.5 +2.6
IWV iShares Russell 3000 ETF 0.1 20 31 4.9 -2.0
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 41 5.0 -1.9
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 4.9 -2.0
IVE iShares S&P 500 Value ETF 0.1 18 33 6.3 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 47 6.4 -0.5
VOOV Vanguard S&P 500 Value ETF 0.1 7 44 6.4 -0.5
STXG Strive 1000 Growth ETF 0.1 18 33 3.9 -2.9
DFUS Dimensional U.S. Equity ETF 0.1 9 42 4.9 -2.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 31 6.0 -0.9
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -14 4.3 -2.6
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 10.7 +3.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 6 4.5 -2.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 27 7.9 +1.0
EPS WisdomTree U.S. LargeCap Fund 0.1 8 43 5.8 -1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 41 5.0 -1.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 36 6.8 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 1 11.4 +4.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 8.1 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.0 -1.9
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 4.9 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.7 -2.1
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 40 5.1 -1.8
AVUQ Avantis U.S. Quality ETF 0.1 15 36 4.9 -2.0
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 42 10.6 +3.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 48 5.1 -1.8
VSGX Vanguard ESG International Stock ETF 0.0 10 41 8.0 +1.1
SFY SoFi Select 500 ETF 0.0 0 51 4.5 -2.4
VUG Vanguard Growth ETF 0.0 4 47 4.1 -2.8
VT Vanguard Total World Stock ETF 0.0 6 45 6.0 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 6.1 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 2 16.0 +9.1
VBR Vanguard Small Cap Value ETF 0.0 7 44 9.2 +2.3
XVV iShares ESG Screened S&P 500 ETF 0.0 8 43 4.9 -2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 31 4.8 -2.1
IVV iShares Core S&P 500 ETF 0.0 3 48 5.0 -1.8
SPY SPDR S&P 500 ETF Trust 0.0 9 42 5.0 -1.9
VOO Vanguard S&P 500 ETF 0.0 3 48 5.1 -1.8
DSPY Tema S&P 500 Historical Weight ETF 0.0 18 33 5.2 -1.6
BKF iShares MSCI BIC ETF 0.0 69 -18 13.4 +6.5
SCHE Schwab Emerging Markets Equity ETF 0.0 11 40 11.2 +4.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 12 6.9 0.0
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 49 5.1 -1.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 16 5.2 -1.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 48 5.1 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.0 29 22 4.8 -2.0
SCHK Schwab 1000 Index ETF 0.0 5 46 5.1 -1.8
VONE Vanguard Russell 1000 ETF 0.0 7 44 5.0 -1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 31 5.1 -1.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.0 7 44 5.1 -1.8
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 39 4.6 -2.3
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 19 6.2 -0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 -7 8.1 +1.2
AFLG First Trust Active Factor Large Cap ETF 0.0 55 -4 6.2 -0.7
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -38 4.8 -2.1
IWB iShares Russell 1000 ETF 0.0 15 36 4.9 -1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 31 5.8 -1.1
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 35 8.5 +1.6
VXUS Vanguard Total International Stock ETF 0.0 5 46 8.1 +1.2
DXIV Dimensional International Vector Equity ETF 0.0 34 17 8.0 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 31 7.1 +0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 42 5.9 -1.0
TOV JLens 500 Jewish Advocacy U.S. ETF 0.0 18 33 4.8 -2.1
IVW iShares S&P 500 Growth ETF 0.0 18 33 4.0 -2.9
SPYG SPDR Portfolio S&P 500 Growth ETF 0.0 4 47 4.2 -2.7
VOOG Vanguard S&P 500 Growth ETF 0.0 7 44 4.2 -2.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 9.6 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 47 8.2 +1.4
VPL Vanguard FTSE Pacific ETF 0.0 7 44 7.3 +0.4
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 9 4.7 -2.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.3 -2.6
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 27 6.5 -0.4
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 36 7.9 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 51 5.0 -1.9
VOTE TCW Transform 500 ETF 0.0 5 46 5.0 -1.9
PBUS Invesco MSCI USA ETF 0.0 4 47 5.0 -1.9
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 48 5.0 -1.9
RVRB Reverb ETF 0.0 30 21 4.7 -2.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.0 9 42 5.0 -1.9
DEW WisdomTree Global High Dividend Fund 0.0 58 -7 8.7 +1.8
AVDV Avantis International Small Cap Value ETF 0.0 36 15 10.0 +3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -19 9.4 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 2 10.2 +3.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 2 10.5 +3.6
AVSD Avantis Responsible International Equity ETF 0.0 23 28 5.7 -1.2
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 6.8 -0.1
IUS Invesco RAFI Strategic US ETF 0.0 19 32 6.8 -0.1
STRV Strive 500 ETF 0.0 5 46 4.9 -2.0
IGRO iShares International Dividend Growth ETF 0.0 15 36 7.3 +0.4
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 1 6.9 -0.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 21 10.4 +3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 8.9 +2.1
IEUR iShares Core MSCI Europe ETF 0.0 11 40 7.3 +0.5
EEM iShares MSCI Emerging Markets ETF 0.0 69 -18 10.4 +3.5
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 44 8.1 +1.2
TOK iShares MSCI Kokusai ETF 0.0 26 25 5.2 -1.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 26 7.3 +0.4
ACWI iShares MSCI ACWI ETF 0.0 32 19 5.7 -1.2
URTH iShares MSCI World ETF 0.0 24 27 5.3 -1.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.6 +0.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 48 7.3 +0.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 33 7.9 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 42 5.3 -1.6
MODL VictoryShares WestEnd U.S. Sector ETF 0.0 42 9 4.6 -2.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -24 4.1 -2.8
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 5.7 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 7.2 +0.4
SPEU SPDR Portfolio Europe ETF 0.0 7 44 7.4 +0.5
VGK Vanguard FTSE Europe ETF 0.0 6 45 7.4 +0.5
IWF iShares Russell 1000 Growth ETF 0.0 19 32 4.4 -2.5
VONG Vanguard Russell 1000 Growth ETF 0.0 7 44 4.6 -2.3
VV Vanguard Large-Cap ETF 0.0 4 47 4.9 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 7.2 +0.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 7.2 +0.3
SCHF Schwab International Equity ETF 0.0 6 45 7.4 +0.5
VYMI Vanguard International High Dividend Yield ETF 0.0 17 34 9.9 +3.0
APUE ActivePassive U.S. Equity ETF 0.0 45 6 4.7 -2.2
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.4 -1.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 7.3 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.6 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 7.7 +0.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 34 7.1 +0.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 26 7.2 +0.3
AVDE Avantis International Equity ETF 0.0 23 28 7.6 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 8.2 +1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 6 7.1 +0.3
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 26 10.2 +3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -7 9.8 +2.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 17 7.9 +1.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 7.8 +0.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 6.9 -0.0
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -8 2.9 -4.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 31 10.8 +3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 6.8 -0.1

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Global X 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 11.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.57
 
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.