Global X Solar ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 17.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 0.8%


  • 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 45
Wgt avg mkt cap (mns) $6,636
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
NINGBO DEYE TECHNOLOGY CO., LTD. C 9.7 %
ENPHASE ENERGY INC 9.3 %
XI'AN LONGI SILICON MATERIALS CO., 8.4 %
SUNGROW POWER SUPPLY CO., LTD. CLA 7.6 %
FIRST SOLAR INC 7.0 %
NEXTRACKER, INC. CLASS A 6.2 %
TIANJIN ZHONGHUAN SEMICOND-A 4.0 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 3.2 %
KEHUA DATA CO LTD -A 3.2 %
SHENZHEN S.C NEW ENERGY TECHNOLOGY 3.0 %
Total 61.5 %

TOP COUNTRY EXPOSURE
CHINA 63.6 %
UNITED STATES 29.5 %
SOUTH KOREA 2.7 %
TAIWAN 1.3 %
SPAIN 0.8 %
GERMANY 0.8 %
CANADA 0.7 %
TURKEY 0.5 %
JAPAN 0.3 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% -23.4% -- -- -25.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 22%
MSCI EAFE 1.19 34%
MSCI Emg. Mkts. 1.14 32%

Technical Indicators
Recent close $8.70
30d moving avg. $9.01
Annualized volatility 35.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 22
Turnover 3.7%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $1,800

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 419 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™: 6.2%


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 36.5 67 -16 8.6 +2.4
CTEC Global X CleanTech ETF 23.5 50 1 2.2 -4.0
ICLN iShares Global Clean Energy ETF 21.1 41 10 6.4 +0.1
FRNW Fidelity Clean Energy ETF 21.0 39 12 4.2 -2.1
ACES ALPS Clean Energy ETF 20.0 55 -4 -4.2 -10.4
VCLN Virtus Duff & Phelps Clean Energy ETF 18.3 59 -8 6.2 -0.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 17.5 58 -7 -3.5 -9.8
CNRG SPDR S&P Kensho Clean Power ETF 17.0 45 6 -0.1 -6.3
ETEC iShares Breakthrough Environmental Solutions ETF 12.9 47 4 5.8 -0.5
PBW Invesco WilderHill Clean Energy ETF 11.3 66 -15 -6.0 -12.2
PBD Invesco Global Clean Energy ETF 10.7 75 -24 0.4 -5.8
RNEW VanEck Green Infrastructure ETF 10.4 45 6 -2.0 -8.2
SDG iShares MSCI Global Sustainable Development Goals ETF 8.4 49 2 6.0 -0.3
ERTH Invesco MSCI Sustainable Future ETF 8.2 62 -11 2.5 -3.8
KGRN KraneShares MSCI China Clean Technology Index ETF 6.3 79 -28 3.8 -2.5
SMOG VanEck Low Carbon Energy ETF 6.3 61 -10 1.5 -4.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.2 79 -28 5.9 -0.4
IPO Renaissance IPO ETF 4.9 60 -9 4.9 -1.4
IBAT iShares Energy Storage & Materials ETF 4.4 47 4 5.3 -1.0
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 3.9 65 -14 -3.8 -10.1
CCSO Carbon Collective Climate Solutions US Equity ETF 3.5 35 16 1.9 -4.4
TINT ProShares Smart Materials ETF 3.3 58 -7 3.1 -3.1
DTEC ALPS Disruptive Technologies ETF 3.1 50 1 4.0 -2.2
LIVR Intelligent Livermore ETF 3.0 69 -18 8.2 +2.0
RNRG Global X Renewable Energy Producers ETF 2.7 66 -15 6.1 -0.2
FXN First Trust Energy AlphaDEX Fund 2.6 62 -11 13.7 +7.5
OCFS Otter Creek Focus Strategy ETF 2.5 85 -34 4.6 -1.6
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.4 40 11 6.2 -0.0
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 12 11.0 +4.8
XSD SPDR S&P Semiconductor ETF 2.3 35 16 4.9 -1.3
XT iShares Exponential Technologies ETF 2.3 46 5 5.5 -0.8
HAIL SPDR S&P Kensho Smart Mobility ETF 2.3 45 6 2.0 -4.2
CLNR IQ Cleaner Transport ETF 2.2 45 6 7.3 +1.0
MADE iShares U.S. Manufacturing ETF 2.2 40 11 5.8 -0.5
OCEN IQ Clean Oceans ETF 2.2 45 6 5.7 -0.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.1 30 21 7.0 +0.7
TCHI iShares MSCI China Multisector Tech ETF 2.0 59 -8 22.4 +16.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.0 49 2 12.7 +6.4
AIS VistaShares Artificial Intelligence Supercycle ETF 1.9 75 -24 4.6 -1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.8 58 -7 5.5 -0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -16 13.3 +7.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 -14 7.9 +1.6
NUMV Nuveen ESG Mid-Cap Value ETF 1.4 31 20 6.4 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 19 17.8 +11.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.2 20 31 4.5 -1.7
IYE iShares U.S. Energy ETF 1.2 40 11 8.6 +2.3
XMHQ Invesco S&P MidCap Quality ETF 1.2 25 26 7.1 +0.9
TMFX Motley Fool Next Index ETF 1.2 50 1 3.2 -3.1
RAYC Rayliant Quantamental China Equity ETF 1.2 80 -29 9.0 +2.8
DEEP Roundhill Acquirers Deep Value ETF 1.1 80 -29 19.9 +13.6
CNYA iShares MSCI China A ETF 1.1 60 -9 7.2 +1.0
TRFM AAM Transformers ETF 1.1 49 2 1.9 -4.4
QQQS Invesco NASDAQ Future Gen 200 ETF 1.1 20 31 -9.4 -15.6
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.0 55 -4 4.2 -2.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 6 0.0 -6.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.0 15 36 5.7 -0.6
SPHB Invesco S&P 500 High Beta ETF 0.8 25 26 5.3 -0.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.8 65 -14 4.4 -1.9
PSC Principal U.S. Small-Cap ETF 0.8 38 13 6.9 +0.7
ROE Astoria US Quality Kings ETF 0.8 49 2 7.5 +1.3
ITEQ BlueStar Israel Technology ETF 0.7 75 -24 2.1 -4.2
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 22 5.3 -0.9
SIMS SPDR S&P Kensho Intelligent Structures ETF 0.7 45 6 7.7 +1.4
OPTZ Optimize Strategy Index ETF 0.7 50 1 5.3 -0.9
FDWM Fidelity Women's Leadership ETF 0.7 59 -8 3.2 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -29 13.8 +7.6
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 21 8.6 +2.4
PSCI Invesco S&P SmallCap Industrials ETF 0.7 29 22 5.9 -0.4
ABFL Abacus FCF Leaders ETF 0.7 59 -8 5.8 -0.4
PSCT Invesco S&P SmallCap Information Technology ETF 0.6 29 22 6.0 -0.2
BIBL Inspire 100 ETF 0.6 35 16 4.7 -1.6
NUSC Nuveen ESG Small-Cap ETF 0.6 31 20 5.3 -1.0
CNXT VanEck ChiNext ETF 0.6 65 -14 5.8 -0.4
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 31 3.7 -2.5
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 9 6.9 +0.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.6 60 -9 5.3 -0.9
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 25 6.2 -0.1
MCH Matthews China Active ETF 0.6 79 -28 15.3 +9.1
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.6 10 41 4.2 -2.1
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.6 10 41 3.3 -3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -29 11.8 +5.5
IWO iShares Russell 2000 Growth ETF 0.5 24 27 1.5 -4.8
VTWG Vanguard Russell 2000 Growth ETF 0.5 15 36 1.5 -4.7
HAP VanEck Natural Resources ETF 0.5 50 1 10.0 +3.8
NETZ TCW Transform Systems ETF 0.5 75 -24 3.4 -2.8
WCEO Hypatia Women CEO ETF 0.5 85 -34 -1.3 -7.6
VOT Vanguard Mid-Cap Growth ETF 0.5 7 44 3.7 -2.5
VBK Vanguard Small-Cap Growth ETF 0.5 7 44 1.7 -4.5
DFNV Donoghue Forlines Innovation ETF 0.5 69 -18 5.1 -1.1
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 33 8.6 +2.4
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 36 8.7 +2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 15 36 8.7 +2.4
BFOR ALPS Barron's 400 ETF 0.4 65 -14 6.2 -0.0
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 2 5.9 -0.4
USMF WisdomTree U.S. Multifactor Fund 0.4 28 23 7.3 +1.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 16 10.9 +4.7
HKND Humankind US Stock ETF 0.4 11 40 7.5 +1.2
IWM iShares Russell 2000 ETF 0.4 19 32 3.6 -2.6
RSSL Global X Russell 2000 ETF 0.4 8 43 3.6 -2.6
BLES Inspire Global Hope ETF 0.4 61 -10 6.8 +0.6
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 45 4.1 -2.1
VTWO Vanguard Russell 2000 ETF 0.4 10 41 3.8 -2.4
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 -9 9.6 +3.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -44 0.7 -5.5
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 -8 4.4 -1.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 47 5.9 -0.3
IJS iShares S&P Small-Cap 600 Value ETF 0.4 18 33 9.4 +3.2
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 9 6.5 +0.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.4 65 -14 5.7 -0.5
SSPY Syntax Stratified LargeCap ETF 0.4 30 21 7.1 +0.9
FQAL Fidelity Quality Factor ETF 0.4 15 36 5.7 -0.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 31 7.0 +0.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 34 5.7 -0.6
VLUE iShares MSCI USA Value Factor ETF 0.4 15 36 10.2 +3.9
ECLN First Trust EIP Carbon Impact ETF 0.4 96 -45 4.0 -2.2
SFYX SoFi Next 500 ETF 0.3 0 51 3.6 -2.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 15 36 9.3 +3.0
SLYV SPDR S&P 600 Small Cap Value ETF 0.3 15 36 9.5 +3.2
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 45 8.4 +2.2
STXK Strive Small-Cap ETF 0.3 18 33 5.5 -0.8
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 31 6.8 +0.6
PGJ Invesco Golden Dragon China ETF 0.3 70 -19 13.9 +7.7
ISRA VanEck Israel ETF 0.3 59 -8 7.8 +1.5
IWN iShares Russell 2000 Value ETF 0.3 24 27 5.8 -0.5
FESM Fidelity Enhanced Small Cap ETF 0.3 28 23 3.8 -2.4
FLCH Franklin FTSE China ETF 0.3 19 32 17.2 +11.0
DFAS Dimensional U.S. Small Cap ETF 0.3 26 25 6.9 +0.7
VTWV Vanguard Russell 2000 Value ETF 0.3 15 36 5.9 -0.3
AIEQ AI Powered Equity ETF 0.3 75 -24 4.1 -2.1
NULC Nuveen ESG Large-Cap ETF 0.3 21 30 5.0 -1.2
IWP iShares Russell Mid-Cap Growth ETF 0.3 23 28 3.7 -2.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 42 4.0 -2.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 39 5.1 -1.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 36 7.3 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 19 9.6 +3.4
EZM WisdomTree U.S. MidCap Fund 0.3 38 13 9.3 +3.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -12 13.6 +7.4
EES WisdomTree U.S. SmallCap Fund 0.3 38 13 9.1 +2.9
XLK Technology Select Sector SPDR Fund 0.3 8 43 5.3 -1.0
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 26 6.6 +0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 47 6.1 -0.1
KALL KraneShares MSCI All China Index ETF 0.3 49 2 15.3 +9.0
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 43 4.7 -1.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 27 7.2 +1.0
IJH iShares Core S&P Mid-Cap ETF 0.2 5 46 7.4 +1.1
VGT Vanguard Information Technology ETF 0.2 10 41 4.7 -1.6
GVLU Gotham 1000 Value ETF 0.2 50 1 9.1 +2.8
STXM Strive Mid-Cap ETF 0.2 18 33 3.6 -2.6
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 38 5.5 -0.8
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 48 7.4 +1.2
AVES Avantis Emerging Markets Value ETF 0.2 36 15 12.2 +6.0
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 41 7.3 +1.1
FLDZ RiverNorth Patriot ETF 0.2 75 -24 5.9 -0.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 39 6.6 +0.3
MCHI iShares MSCI China ETF 0.2 59 -8 17.8 +11.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 12 9.8 +3.6
VB Vanguard Small-Cap ETF 0.2 5 46 5.7 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 42 6.5 +0.2
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.2 49 2 4.7 -1.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 26 6.6 +0.3
VO Vanguard Mid-Cap ETF 0.2 4 47 5.6 -0.6
FLKR Franklin FTSE South Korea ETF 0.2 9 42 11.2 +4.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 47 5.6 -0.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 13 9.9 +3.7
DTAN Sparkline International Intangible Value ETF 0.2 55 -4 7.2 +1.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -14 8.1 +1.8
IMCB iShares Morningstar Mid-Cap ETF 0.2 4 47 6.0 -0.3
IJR iShares Core S&P Small Cap ETF 0.2 6 45 7.3 +1.1
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 14.5 +8.2
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 -1 5.6 -0.6
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 -7 5.6 -0.6
ETHO Etho Climate Leadership U.S. ETF 0.2 47 4 5.5 -0.7
IWR iShares Russell Midcap ETF 0.2 19 32 5.8 -0.5
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 26 10.7 +4.4
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 48 7.4 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 41 7.2 +1.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -7 8.4 +2.2
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -1 4.4 -1.9
IGM iShares Expanded Tech Sector ETF 0.2 41 10 4.6 -1.6
VIS Vanguard Industrials ETF 0.2 10 41 4.9 -1.3
DFLV Dimensional US Large Cap Value ETF 0.2 22 29 8.8 +2.5
EIPX FT Energy Income Partners Strategy ETF 0.2 95 -44 7.4 +1.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 12 10.2 +3.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 16 21.6 +15.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 36 2.8 -3.5
PTL Inspire 500 ETF 0.2 9 42 5.4 -0.8
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 2 4.8 -1.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 8.6 +2.4
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 43 4.9 -1.4
IWS iShares Russell Mid-Cap Value ETF 0.2 23 28 6.5 +0.3
BKF iShares MSCI BIC ETF 0.2 69 -18 13.0 +6.8
TTAC FCF US Quality ETF 0.2 59 -8 6.1 -0.2
VXF Vanguard Extended Market ETF 0.2 6 45 4.5 -1.7
IXN iShares Global Tech ETF 0.2 41 10 4.5 -1.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 42 6.4 +0.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 36 7.3 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 12 4.0 -2.2
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 16 10.2 +3.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -19 7.8 +1.5
SIZE iShares MSCI USA Size Factor ETF 0.1 15 36 6.2 -0.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 44 6.2 -0.0
GWX SPDR S&P International Small Cap ETF 0.1 40 11 6.7 +0.5
GXC SPDR S&P China ETF 0.1 59 -8 16.7 +10.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.1 18 33 4.9 -1.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 10 9.4 +3.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 30 4.3 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 32 10.8 +4.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 31 5.5 -0.7
GQQQ Astoria US Quality Growth Kings ETF 0.1 35 16 5.6 -0.6
DFSV Dimensional US Small Cap Value ETF 0.1 31 20 10.9 +4.7
VEGN US Vegan Climate ETF 0.1 60 -9 4.6 -1.6
HLGE Hartford Longevity Economy ETF 0.1 44 7 4.8 -1.4
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -7 8.9 +2.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 26 6.5 +0.2
SCHA Schwab U.S. Small-Cap ETF 0.1 4 47 5.3 -0.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 11.8 +5.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 6 11.0 +4.8
ESIX SPDR S&P SmallCap 600 ESG ETF 0.1 12 39 5.9 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -24 5.2 -1.1
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 36 6.4 +0.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 26 6.0 -0.2
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 10.0 +3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 44 7.0 +0.8
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -39 4.4 -1.8
IWC iShares Micro-Cap ETF 0.1 60 -9 -1.1 -7.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 43 10.9 +4.6
DFUV Dimensional US Marketwide Value ETF 0.1 22 29 8.5 +2.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 16 6.5 +0.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 11 6.5 +0.2
SUSA iShares MSCI USA ESG Select ETF 0.1 25 26 5.0 -1.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 10 6.5 +0.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 6.2 0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 2 16.7 +10.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 10.0 +3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 12 6.3 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 11.2 +4.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 47 4.4 -1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 36 10.8 +4.5
ZAP Global X U.S. Electrification ETF 0.1 50 1 4.7 -1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -19 9.8 +3.6
DFVX Dimensional US Large Cap Vector ETF 0.1 22 29 6.6 +0.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 6.4 +0.1
ILCG iShares Morningstar Growth ETF 0.1 4 47 4.1 -2.1
IUSV iShares Core S&P US Value ETF 0.1 4 47 6.7 +0.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -10 5.9 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 2 10.7 +4.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 42 10.9 +4.7
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 -22 9.9 +3.7
VUG Vanguard Growth ETF 0.1 4 47 4.3 -1.9
QGRO American Century U.S. Quality Growth ETF 0.1 29 22 3.8 -2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.1 58 -7 9.0 +2.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 45 2.7 -3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 8.6 +2.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 36 6.0 -0.3
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 9 7.2 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 6 4.9 -1.3
SFY SoFi Select 500 ETF 0.1 0 51 5.0 -1.2
STXG Strive 1000 Growth ETF 0.1 18 33 4.0 -2.3
EEM iShares MSCI Emerging Markets ETF 0.1 69 -18 10.7 +4.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 5.0 -1.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 6.0 -0.3
AVUS Avantis U.S. Equity ETF 0.1 15 36 6.6 +0.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 36 5.1 -1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -15 10.2 +3.9
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 5.3 -1.0
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 41 4.9 -1.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 10.9 +4.7
DCOR Dimensional US Core Equity 1 ETF 0.1 14 37 5.9 -0.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.7 -0.5
DFIS Dimensional International Small Cap ETF 0.1 39 12 7.9 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.3 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 42 6.0 -0.3
IVE iShares S&P 500 Value ETF 0.1 18 33 6.5 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 47 6.6 +0.4
VOOV Vanguard S&P 500 Value ETF 0.1 10 41 6.6 +0.4
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 35 8.4 +2.2
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 5.2 -1.1
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.3 -0.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 39 6.8 +0.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.5 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.0 -1.2
VFVA Vanguard U.S. Value Factor ETF 0.1 13 38 11.7 +5.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 9.7 +3.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.7 -0.6
VTHR Vanguard Russell 3000 ETF 0.1 10 41 5.3 -1.0
VTI Vanguard Total Stock Market ETF 0.1 3 48 5.3 -0.9
IWV iShares Russell 3000 ETF 0.1 20 31 5.2 -1.1
IYY iShares Dow Jones U.S. ETF 0.1 20 31 5.3 -0.9
IWD iShares Russell 1000 Value ETF 0.1 19 32 6.7 +0.5
VONV Vanguard Russell 1000 Value ETF 0.1 8 43 6.8 +0.6
STXV Strive 1000 Value ETF 0.1 18 33 7.9 +1.7
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 5.2 -1.1
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 41 5.3 -0.9
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.5 -0.8
SCHE Schwab Emerging Markets Equity ETF 0.1 11 40 11.6 +5.3
EPS WisdomTree U.S. LargeCap Fund 0.1 8 43 6.4 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 41 5.3 -1.0
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 36 5.4 -0.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 27 7.6 +1.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 8.3 +2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.5 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 4.6 -1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.1 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 5.1 -1.1
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 5.3 -0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 13.7 +7.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -14 5.0 -1.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 48 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 31 5.2 -1.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.0 18 33 5.1 -1.2
VT Vanguard Total World Stock ETF 0.0 7 44 6.4 +0.1
IVV iShares Core S&P 500 ETF 0.0 3 48 5.6 -0.6
SPY SPDR S&P 500 ETF Trust 0.0 9 42 5.6 -0.7
VOO Vanguard S&P 500 ETF 0.0 3 48 5.7 -0.6
SCHC Schwab International Small-Cap Equity ETF 0.0 11 40 7.1 +0.9
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 49 5.5 -0.7
VSGX Vanguard ESG International Stock ETF 0.0 12 39 8.2 +1.9
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.0 60 -9 4.7 -1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.0 15 36 5.1 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.0 15 36 5.3 -0.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 11 7.4 +1.1
SCHX Schwab U.S. Large-Cap ETF 0.0 3 48 5.5 -0.7
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 48 5.4 -0.8
SCHK Schwab 1000 Index ETF 0.0 5 46 5.5 -0.8
IWB iShares Russell 1000 ETF 0.0 15 36 5.4 -0.9
VONE Vanguard Russell 1000 ETF 0.0 8 43 5.5 -0.8
USMV iShares MSCI USA Min Vol Factor ETF 0.0 15 36 5.6 -0.7
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.0 8 43 5.3 -1.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 39 4.8 -1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 31 5.3 -0.9
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.0 7 44 5.2 -1.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 16 4.5 -1.8
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 19 5.5 -0.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 -7 7.7 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 17 8.1 +1.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 33 5.8 -0.4
VXUS Vanguard Total International Stock ETF 0.0 7 44 8.3 +2.1
VV Vanguard Large-Cap ETF 0.0 4 47 5.4 -0.8
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 34 12.9 +6.6
VBR Vanguard Small Cap Value ETF 0.0 7 44 8.5 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 21 10.6 +4.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 39 7.5 +1.2
VPU Vanguard Utilities ETF 0.0 10 41 5.5 -0.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.0 11 40 5.4 -0.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 31 7.2 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 43 8.5 +2.2
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 44 8.3 +2.1
IVW iShares S&P 500 Growth ETF 0.0 18 33 4.6 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 0.0 4 47 4.7 -1.6
VOOG Vanguard S&P 500 Growth ETF 0.0 10 41 4.6 -1.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 12 7.5 +1.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.0 9 42 5.0 -1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 51 5.5 -0.8
VOTE TCW Transform 500 ETF 0.0 5 46 5.4 -0.8
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 36 8.1 +1.9
DEW WisdomTree Global High Dividend Fund 0.0 58 -7 7.7 +1.5
FUTY Fidelity MSCI Utilities Index ETF 0.0 8 43 5.5 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 2 10.5 +4.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.4 -1.8
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 9 4.1 -2.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.8 -1.5
IWF iShares Russell 1000 Growth ETF 0.0 19 32 4.8 -1.5
VONG Vanguard Russell 1000 Growth ETF 0.0 8 43 4.9 -1.4
PBUS Invesco MSCI USA ETF 0.0 4 47 5.4 -0.8
STRV Strive 500 ETF 0.0 5 46 5.4 -0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 31 6.3 +0.1
RVRB Reverb ETF 0.0 30 21 2.6 -3.7
ACWI iShares MSCI ACWI ETF 0.0 32 19 6.1 -0.2
IGRO iShares International Dividend Growth ETF 0.0 15 36 7.3 +1.1
TOK iShares MSCI Kokusai ETF 0.0 26 25 5.0 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 36 6.1 -0.2
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 7.5 +1.3
VPL Vanguard FTSE Pacific ETF 0.0 8 43 7.7 +1.4
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 33 4.7 -1.6
IUS Invesco RAFI Strategic US ETF 0.0 19 32 7.3 +1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 33 8.1 +1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -24 3.2 -3.0
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 5.9 -0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 42 5.6 -0.7
MODL VictoryShares WestEnd U.S. Sector ETF 0.0 42 9 5.3 -0.9
URTH iShares MSCI World ETF 0.0 24 27 5.5 -0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 36 0.0 -6.2
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -38 4.5 -1.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 26 7.6 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.0 22 29 10.0 +3.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 10.1 +3.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.0 67 -16 10.1 +3.9
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 28 8.6 +2.4
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 1 6.8 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 9.3 +3.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 7.5 +1.3
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.7 -0.5
VEA Vanguard FTSE Developed Markets ETF 0.0 5 46 7.6 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 7.1 +0.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 34 7.3 +1.1
AVSD Avantis Responsible International Equity ETF 0.0 23 28 6.8 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 6 6.6 +0.4
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 26 10.8 +4.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -7 10.1 +3.9
TXS Texas Capital Texas Equity Index ETF 0.0 49 2 5.1 -1.1
SPEU SPDR Portfolio Europe ETF 0.0 7 44 7.5 +1.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 27 6.6 +0.4
VGK Vanguard FTSE Europe ETF 0.0 11 40 7.5 +1.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 8.2 +2.0
SCHF Schwab International Equity ETF 0.0 6 45 7.7 +1.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 7.4 +1.1
IEUR iShares Core MSCI Europe ETF 0.0 11 40 7.4 +1.2
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 7.6 +1.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 7.4 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 6.0 -0.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.9 +1.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 26 7.8 +1.5
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 7.1 +0.9
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -8 3.5 -2.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 31 11.3 +5.1
AVDE Avantis International Equity ETF 0.0 23 28 8.0 +1.7
AVDV Avantis International Small Cap Value ETF 0.0 36 15 10.9 +4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 8.3 +2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 7.0 +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

  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 9.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.55
 
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.