Global X Solar ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 17.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RAYS tracks a market-cap-weighted index of global solar energy companies selected based on their revenue generated from solar-related business, and ESG criteria.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Sep 08, 2021
Assets (mns) $4
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 46
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
NINGBO DEYE TECHNOLOGY CO., LTD. C 10.3 %
FIRST SOLAR INC 9.0 %
NEXTRACKER, INC. CLASS A 8.4 %
XI'AN LONGI SILICON MATERIALS CO., 7.7 %
SUNGROW POWER SUPPLY CO., LTD. CLA 7.2 %
ENPHASE ENERGY INC 6.8 %
HANWHA CHEMICAL CORP 3.9 %
TIANJIN ZHONGHUAN SEMICOND-A 3.7 %
SUNRUN INC. 3.0 %
JA SOLAR TECHNOLOGY CO., LTD. CLAS 2.7 %
Total 62.6 %

TOP COUNTRY EXPOSURE
CHINA 61.2 %
UNITED STATES 27.3 %
SOUTH KOREA 3.0 %
NORWAY 1.4 %
SPAIN 1.0 %
GERMANY 0.8 %
CANADA 0.6 %
TURKEY 0.4 %
TAIWAN 0.4 %
JAPAN 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.8% -29.5% -- -- -25.0%

Market Correlations
versus... Beta R-squared
S&P500 0.94 23%
MSCI EAFE 1.03 29%
MSCI Emg. Mkts. 1.00 27%

Technical Indicators
Recent close $8.33
30d moving avg. $8.33
Annualized volatility 32.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
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™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RAYS
Ticker Fund
Name		 Overlap1
vs RAYS
(%)		 Expense
ratio
(bp)		 Savings
vs RAYS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RAYS
(%)
TAN Invesco Solar ETF 38.7 67 -16 8.7 +2.1
CTEC Global X CleanTech ETF 27.2 50 1 3.1 -3.4
FRNW Fidelity Clean Energy ETF 21.5 39 12 4.4 -2.2
ICLN iShares Global Clean Energy ETF 20.8 41 10 6.2 -0.4
ACES ALPS Clean Energy ETF 20.2 55 -4 -3.6 -10.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 18.8 58 -7 -3.3 -9.9
VCLN Virtus Duff & Phelps Clean Energy ETF 18.3 59 -8 5.9 -0.7
CNRG SPDR S&P Kensho Clean Power ETF 17.6 45 6 0.7 -5.8
PBW Invesco WilderHill Clean Energy ETF 12.2 66 -15 -5.3 -11.9
PBD Invesco Global Clean Energy ETF 10.5 75 -24 0.5 -6.0
ETEC iShares Breakthrough Environmental Solutions ETF 9.8 47 4 3.9 -2.7
RNEW VanEck Green Infrastructure ETF 9.1 45 6 -1.6 -8.1
ERTH Invesco MSCI Sustainable Future ETF 7.9 62 -11 3.6 -2.9
FXN First Trust Energy AlphaDEX Fund 6.5 62 -11 15.8 +9.2
KGRN KraneShares MSCI China Clean Technology Index ETF 6.2 79 -28 3.8 -2.8
SDG iShares MSCI Global Sustainable Development Goals ETF 6.1 49 2 6.4 -0.2
SMOG VanEck Low Carbon Energy ETF 5.8 61 -10 1.6 -4.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.2 79 -28 5.7 -0.8
QVAL Alpha Architect US Quantitative Value ETF 5.0 39 12 10.5 +4.0
IPO Renaissance IPO ETF 4.9 60 -9 4.5 -2.0
IBAT iShares Energy Storage & Materials ETF 4.1 47 4 5.7 -0.9
CCSO Carbon Collective Climate Solutions US Equity ETF 4.0 35 16 1.2 -5.3
LIVR Intelligent Livermore ETF 3.6 69 -18 6.5 -0.1
CCNR ALPS CoreCommodity Natural Resources ETF 3.4 39 12 12.0 +5.5
TINT ProShares Smart Materials ETF 3.3 58 -7 7.8 +1.3
XSD SPDR S&P Semiconductor ETF 3.1 35 16 4.4 -2.2
DVLU First Trust Dorsey Wright Momentum & Value ETF 3.1 60 -9 8.0 +1.4
DTEC ALPS Disruptive Technologies ETF 2.8 50 1 3.9 -2.6
RNRG Global X Renewable Energy Producers ETF 2.8 66 -15 5.8 -0.7
RVER Trenchless Fund ETF 2.5 65 -14 3.3 -3.2
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.5 40 11 5.9 -0.7
MADE iShares U.S. Manufacturing ETF 2.3 40 11 5.4 -1.1
CLNR IQ Cleaner Transport ETF 2.2 45 6 6.9 +0.4
OCEN IQ Clean Oceans ETF 2.2 45 6 6.6 +0.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 2.1 30 21 7.0 +0.5
TCHI iShares MSCI China Multisector Tech ETF 2.0 59 -8 22.0 +15.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.0 49 2 12.8 +6.3
HAIL SPDR S&P Kensho Smart Mobility ETF 2.0 45 6 2.7 -3.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.5 65 -14 8.1 +1.5
XT iShares Exponential Technologies ETF 1.5 46 5 5.7 -0.9
OPTZ Optimize Strategy Index ETF 1.4 50 1 5.3 -1.3
XMHQ Invesco S&P MidCap Quality ETF 1.4 25 26 7.1 +0.5
NUMV Nuveen ESG Mid-Cap Value ETF 1.4 31 20 7.2 +0.7
IYE iShares U.S. Energy ETF 1.4 40 11 9.8 +3.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.4 20 31 5.2 -1.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.3 67 -16 14.0 +7.5
AIS VistaShares Artificial Intelligence Supercycle ETF 1.3 75 -24 4.0 -2.6
CALF Pacer US Small Cap Cash Cows 100 ETF 1.3 59 -8 11.9 +5.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 19 19.0 +12.5
TMFX Motley Fool Next Index ETF 1.2 50 1 2.9 -3.7
ROE Astoria US Quality Kings ETF 1.2 49 2 6.9 +0.4
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 1.2 60 -9 10.5 +4.0
RAYC Rayliant Quantamental China Equity ETF 1.2 80 -29 8.9 +2.4
QQQS Invesco NASDAQ Future Gen 200 ETF 1.1 20 31 -3.7 -10.2
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.1 45 6 6.6 +0.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 -7 5.0 -1.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.1 15 36 5.5 -1.0
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.0 55 -4 4.3 -2.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 6 4.5 -2.0
BOUT Innovator IBD Breakout Opportunities ETF 1.0 81 -30 3.1 -3.5
TRFM AAM Transformers ETF 0.9 49 2 1.8 -4.8
VBK Vanguard Small-Cap Growth ETF 0.9 7 44 2.0 -4.5
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.8 65 -14 6.2 -0.3
BUZZ VanEck Social Sentiment ETF 0.8 75 -24 -0.2 -6.8
PSC Principal U.S. Small-Cap ETF 0.8 38 13 7.2 +0.7
ITEQ BlueStar Israel Technology ETF 0.7 75 -24 2.0 -4.5
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 22 4.9 -1.7
FDWM Fidelity Women's Leadership ETF 0.7 59 -8 5.3 -1.3
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 21 8.3 +1.7
CNXT VanEck ChiNext ETF 0.6 65 -14 6.3 -0.3
PSCI Invesco S&P SmallCap Industrials ETF 0.6 29 22 5.9 -0.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.6 10 41 4.6 -2.0
BIBL Inspire 100 ETF 0.6 35 16 5.5 -1.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 31 3.6 -3.0
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.6 10 41 4.5 -2.0
VTWG Vanguard Russell 2000 Growth ETF 0.6 15 36 1.5 -5.0
IWO iShares Russell 2000 Growth ETF 0.6 24 27 1.5 -5.1
NUSC Nuveen ESG Small-Cap ETF 0.6 31 20 5.8 -0.8
PSCT Invesco S&P SmallCap Information Technology ETF 0.6 29 22 5.8 -0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.6 18 33 9.5 +3.0
ETHO Etho Climate Leadership U.S. ETF 0.6 47 4 5.8 -0.7
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 36 9.5 +3.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -19 12.2 +5.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 15 36 9.5 +3.0
HAP VanEck Natural Resources ETF 0.6 50 1 10.1 +3.6
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 9 7.2 +0.7
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 25 6.5 -0.1
MCH Matthews China Active ETF 0.6 79 -28 16.3 +9.8
GVLU Gotham 1000 Value ETF 0.6 50 1 9.3 +2.8
NETZ TCW Transform Systems ETF 0.5 75 -24 2.9 -3.7
WCEO Hypatia Women CEO ETF 0.5 85 -34 5.0 -1.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.5 95 -44 0.6 -5.9
VTWO Vanguard Russell 2000 ETF 0.5 10 41 4.9 -1.7
IWM iShares Russell 2000 ETF 0.5 19 32 4.9 -1.7
DFNV Donoghue Forlines Innovation ETF 0.5 69 -18 4.5 -2.1
AIEQ AI Powered Equity ETF 0.5 75 -24 5.4 -1.1
RSSL Global X Russell 2000 ETF 0.5 8 43 4.8 -1.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 16 11.7 +5.2
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 2 5.9 -0.6
USMF WisdomTree U.S. Multifactor Fund 0.4 28 23 6.8 +0.3
VLUE iShares MSCI USA Value Factor ETF 0.4 15 36 10.5 +3.9
STXK Strive Small-Cap ETF 0.4 18 33 6.6 +0.1
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 45 10.0 +3.5
HKND Humankind US Stock ETF 0.4 11 40 7.5 +1.0
VB Vanguard Small-Cap ETF 0.4 5 46 6.5 -0.0
ECLN First Trust EIP Carbon Impact ETF 0.4 96 -45 4.1 -2.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 31 7.3 +0.7
BLES Inspire Global Hope ETF 0.4 61 -10 7.0 +0.5
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 -9 10.4 +3.8
IJS iShares S&P Small-Cap 600 Value ETF 0.4 18 33 10.9 +4.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 -9 8.1 +1.5
SFYX SoFi Next 500 ETF 0.4 0 51 6.0 -0.6
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 -8 4.7 -1.9
IMCG iShares Morningstar Mid-Cap Growth ETF 0.4 6 45 4.2 -2.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 15 36 10.9 +4.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 47 6.5 -0.0
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 36 10.9 +4.4
PGJ Invesco Golden Dragon China ETF 0.4 70 -19 15.0 +8.5
JHMM John Hancock Multifactor Mid Cap ETF 0.4 42 9 6.7 +0.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.4 65 -14 6.6 +0.1
SSPY Syntax Stratified LargeCap ETF 0.4 30 21 6.9 +0.4
FQAL Fidelity Quality Factor ETF 0.4 15 36 5.8 -0.7
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 31 6.7 +0.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 34 6.3 -0.3
FPX First Trust US Equity Opportunities ETF 0.3 61 -10 1.1 -5.5
VTWV Vanguard Russell 2000 Value ETF 0.3 15 36 8.4 +1.8
IWN iShares Russell 2000 Value ETF 0.3 24 27 8.4 +1.8
DFAS Dimensional U.S. Small Cap ETF 0.3 26 25 7.0 +0.5
MDY SPDR S&P Midcap 400 ETF Trust 0.3 24 27 7.7 +1.2
IJH iShares Core S&P Mid-Cap ETF 0.3 5 46 7.9 +1.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 36 7.8 +1.2
BFOR ALPS Barron's 400 ETF 0.3 65 -14 6.2 -0.3
ISRA VanEck Israel ETF 0.3 59 -8 7.3 +0.7
FESM Fidelity Enhanced Small Cap ETF 0.3 28 23 8.2 +1.7
FLCH Franklin FTSE China ETF 0.3 19 32 17.9 +11.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 48 7.9 +1.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 41 7.8 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 39 5.3 -1.2
NULC Nuveen ESG Large-Cap ETF 0.3 21 30 5.0 -1.6
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 39 8.9 +2.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 42 4.8 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 19 9.7 +3.2
EZM WisdomTree U.S. MidCap Fund 0.3 38 13 9.7 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -12 13.6 +7.1
ISCB iShares Morningstar Small-Cap ETF 0.3 4 47 6.5 -0.0
KALL KraneShares MSCI All China Index ETF 0.3 49 2 14.9 +8.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 47 6.5 -0.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 26 8.5 +1.9
XLK Technology Select Sector SPDR Fund 0.2 8 43 4.9 -1.6
IXN iShares Global Tech ETF 0.2 41 10 4.2 -2.4
FTEC Fidelity MSCI Information Technology Index ETF 0.2 8 43 4.4 -2.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 39 7.9 +1.3
VFMV Vanguard U.S. Minimum Volatility ETF 0.2 13 38 5.7 -0.8
AVES Avantis Emerging Markets Value ETF 0.2 36 15 12.0 +5.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 12 10.3 +3.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 36 6.7 +0.2
VGT Vanguard Information Technology ETF 0.2 10 41 4.4 -2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 42 6.3 -0.2
VOT Vanguard Mid-Cap Growth ETF 0.2 7 44 3.7 -2.8
EIPX FT Energy Income Partners Strategy ETF 0.2 95 -44 8.0 +1.4
IJR iShares Core S&P Small Cap ETF 0.2 6 45 8.3 +1.8
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 26 6.5 -0.1
FLKR Franklin FTSE South Korea ETF 0.2 9 42 10.6 +4.0
VIS Vanguard Industrials ETF 0.2 10 41 4.8 -1.8
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 14.1 +7.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 41 8.3 +1.7
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 -1 5.6 -0.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 -7 5.6 -1.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 48 8.3 +1.8
IWS iShares Russell Mid-Cap Value ETF 0.2 23 28 7.1 +0.6
IMCB iShares Morningstar Mid-Cap ETF 0.2 4 47 6.3 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 13 10.0 +3.4
DFLV Dimensional US Large Cap Value ETF 0.2 22 29 8.4 +1.8
IWR iShares Russell Midcap ETF 0.2 19 32 6.1 -0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -19 7.8 +1.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -7 8.0 +1.5
EES WisdomTree U.S. SmallCap Fund 0.2 38 13 9.6 +3.1
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -1 4.2 -2.3
DTAN Sparkline International Intangible Value ETF 0.2 55 -4 8.2 +1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 -16 10.9 +4.3
VXF Vanguard Extended Market ETF 0.2 6 45 5.1 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 42 6.3 -0.2
IGM iShares Expanded Tech Sector ETF 0.2 41 10 4.2 -2.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 12 6.9 +0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 36 4.9 -1.7
PTL Inspire 500 ETF 0.2 9 42 5.6 -1.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 2 6.2 -0.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 8.6 +2.0
FIDU Fidelity MSCI Industrial Index ETF 0.2 8 43 4.6 -1.9
IWP iShares Russell Mid-Cap Growth ETF 0.2 23 28 3.5 -3.0
DFUV Dimensional US Marketwide Value ETF 0.2 22 29 8.2 +1.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -14 8.3 +1.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 36 6.1 -0.5
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 32 5.4 -1.2
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.2 18 33 5.7 -0.8
TTAC FCF US Quality ETF 0.2 59 -8 6.3 -0.3
STXM Strive Mid-Cap ETF 0.2 18 33 6.6 +0.1
CNYA iShares MSCI China A ETF 0.1 60 -9 7.2 +0.7
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -39 4.2 -2.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.1 49 2 4.4 -2.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 12 10.1 +3.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.1 15 36 8.4 +1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 44 6.5 -0.0
EBI Longview Advantage ETF 0.1 35 16 7.0 +0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.1 75 -24 5.4 -1.1
DFSV Dimensional US Small Cap Value ETF 0.1 31 20 11.2 +4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 30 4.1 -2.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 32 10.0 +3.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 31 6.2 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 16 20.9 +14.4
GWX SPDR S&P International Small Cap ETF 0.1 40 11 6.5 0.0
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 16 10.2 +3.6
SCHA Schwab U.S. Small-Cap ETF 0.1 4 47 6.7 +0.1
HLGE Hartford Longevity Economy ETF 0.1 44 7 6.5 -0.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -7 8.6 +2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 10.6 +4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 6 11.1 +4.5
VEGN US Vegan Climate ETF 0.1 60 -9 4.7 -1.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 5.9 -0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 10 9.5 +3.0
GXC SPDR S&P China ETF 0.1 59 -8 17.5 +11.0
SUSA iShares MSCI USA ESG Select ETF 0.1 25 26 5.0 -1.5
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 6.1 -0.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 7.1 +0.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 16 6.1 -0.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 11 6.0 -0.5
VO Vanguard Mid-Cap ETF 0.1 4 47 6.0 -0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 44 7.0 +0.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 45 3.0 -3.6
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 10.4 +3.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 12 6.1 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 10.4 +3.9
FLAG Global X S&P 500 U.S. Market Leaders Top 50 ETF 0.1 29 22 6.6 +0.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 36 10.9 +4.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 43 11.1 +4.5
IUSV iShares Core S&P US Value ETF 0.1 4 47 6.8 +0.3
DFVX Dimensional US Large Cap Vector ETF 0.1 22 29 6.5 0.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -29 11.9 +5.3
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 47 4.2 -2.4
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 33 5.7 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 39 7.9 +1.4
QGRO American Century U.S. Quality Growth ETF 0.1 29 22 3.6 -3.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.1 58 -7 8.6 +2.0
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 41 4.9 -1.6
ILCG iShares Morningstar Growth ETF 0.1 4 47 3.9 -2.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 10 7.2 +0.6
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 5.1 -1.4
DCOR Dimensional US Core Equity 1 ETF 0.1 14 37 5.7 -0.8
MCHI iShares MSCI China ETF 0.1 59 -8 18.9 +12.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 10.1 +3.5
STXG Strive 1000 Growth ETF 0.1 18 33 4.1 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 8.3 +1.8
AVUS Avantis U.S. Equity ETF 0.1 15 36 6.2 -0.4
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 5.6 -0.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 36 5.2 -1.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 5.0 -1.5
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.4 -1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -15 10.5 +4.0
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 5.1 -1.4
IWD iShares Russell 1000 Value ETF 0.1 19 32 6.7 +0.2
VONV Vanguard Russell 1000 Value ETF 0.1 8 43 6.8 +0.3
STXV Strive 1000 Value ETF 0.1 18 33 8.4 +1.9
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 9 7.2 +0.7
VTHR Vanguard Russell 3000 ETF 0.1 10 41 5.2 -1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.2 -1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 2 7.3 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 41 5.2 -1.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 39 6.8 +0.3
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 5.1 -1.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.2 -1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.2 -1.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.5 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.2 -1.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 38 11.9 +5.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 9.5 +3.0
IWV iShares Russell 3000 ETF 0.1 20 31 5.1 -1.5
IYY iShares Dow Jones U.S. ETF 0.1 20 31 5.1 -1.4
VTI Vanguard Total Stock Market ETF 0.1 3 48 5.2 -1.4
VOOV Vanguard S&P 500 Value ETF 0.1 10 41 6.6 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 6 4.8 -1.8
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 -14 4.5 -2.0
IVE iShares S&P 500 Value ETF 0.1 18 33 6.5 -0.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.1 4 47 6.6 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 42 6.1 -0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 2 17.0 +10.4
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 33 5.4 -1.1
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.1 -1.4
SFY SoFi Select 500 ETF 0.1 0 51 4.7 -1.9
VUG Vanguard Growth ETF 0.1 4 47 4.2 -2.3
EPS WisdomTree U.S. LargeCap Fund 0.1 8 43 6.1 -0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 41 5.2 -1.4
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 36 7.1 +0.5
USMV iShares MSCI USA Min Vol Factor ETF 0.1 15 36 5.6 -1.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 27 8.3 +1.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 8.3 +1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.2 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 5.1 -1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.9 -1.6
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 40 5.3 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 11.0 +4.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 12.3 +5.8
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 5.0 -1.5
SCHB Schwab U.S. Broad Market ETF 0.0 3 48 5.3 -1.2
XVV iShares ESG Screened S&P 500 ETF 0.0 8 43 5.1 -1.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.0 8 43 5.3 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 42 11.0 +4.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.0 18 33 5.9 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.0 20 31 5.0 -1.6
IVV iShares Core S&P 500 ETF 0.0 3 48 5.3 -1.3
SPLG SPDR Portfolio S&P 500 ETF 0.0 2 49 5.3 -1.3
SPY SPDR S&P 500 ETF Trust 0.0 9 42 5.2 -1.3
VOO Vanguard S&P 500 ETF 0.0 3 48 5.3 -1.3
SLYG SPDR S&P 600 Small Cap Growth ETF 0.0 15 36 5.9 -0.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.0 15 36 5.9 -0.6
VBR Vanguard Small Cap Value ETF 0.0 7 44 9.7 +3.2
VT Vanguard Total World Stock ETF 0.0 7 44 6.2 -0.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 16 5.4 -1.2
SCHK Schwab 1000 Index ETF 0.0 5 46 5.3 -1.2
SCHX Schwab U.S. Large-Cap ETF 0.0 3 48 5.3 -1.2
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 48 5.2 -1.4
IWB iShares Russell 1000 ETF 0.0 15 36 5.2 -1.4
VONE Vanguard Russell 1000 ETF 0.0 8 43 5.2 -1.3
DFIS Dimensional International Small Cap ETF 0.0 39 12 7.6 +1.0
VSGX Vanguard ESG International Stock ETF 0.0 12 39 8.0 +1.4
SCHC Schwab International Small-Cap Equity ETF 0.0 11 40 6.9 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.0 20 31 5.4 -1.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.0 7 44 5.3 -1.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 39 4.7 -1.9
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 19 6.2 -0.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 -7 8.2 +1.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 11 7.2 +0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 31 7.2 +0.7
SCHE Schwab Emerging Markets Equity ETF 0.0 11 40 11.8 +5.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 12 7.2 +0.7
TOV JLens 500 Jewish Advocacy U.S. ETF 0.0 18 33 5.0 -1.6
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 35 8.6 +2.1
IVW iShares S&P 500 Growth ETF 0.0 18 33 4.2 -2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 0.0 4 47 4.3 -2.2
VOOG Vanguard S&P 500 Growth ETF 0.0 10 41 4.3 -2.3
BKF iShares MSCI BIC ETF 0.0 69 -18 13.8 +7.3
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 9 5.0 -1.6
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.4 -2.1
VXUS Vanguard Total International Stock ETF 0.0 7 44 8.2 +1.6
PBUS Invesco MSCI USA ETF 0.0 4 47 5.2 -1.4
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.0 25 26 5.4 -1.2
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 7.1 +0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 31 6.0 -0.6
STRV Strive 500 ETF 0.0 5 46 5.1 -1.4
RVRB Reverb ETF 0.0 30 21 4.9 -1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 51 5.2 -1.4
VOTE TCW Transform 500 ETF 0.0 5 46 5.2 -1.4
AVLV Avantis U.S. Large Cap Value ETF 0.0 15 36 8.2 +1.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.0 9 42 5.0 -1.5
DEW WisdomTree Global High Dividend Fund 0.0 58 -7 8.8 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 43 8.3 +1.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 2 10.7 +4.1
VPL Vanguard FTSE Pacific ETF 0.0 8 43 7.4 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 9.8 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -19 9.9 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 21 10.9 +4.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.0 60 -9 7.4 +0.8
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 36 5.8 -0.7
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 28 8.5 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 2 10.9 +4.4
TOK iShares MSCI Kokusai ETF 0.0 26 25 5.3 -1.2
EEM iShares MSCI Emerging Markets ETF 0.0 69 -18 10.8 +4.3
IUS Invesco RAFI Strategic US ETF 0.0 19 32 7.0 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 9.0 +2.5
URTH iShares MSCI World ETF 0.0 24 27 5.4 -1.1
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -38 4.5 -2.0
ACWI iShares MSCI ACWI ETF 0.0 32 19 5.9 -0.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 26 7.6 +1.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 33 8.0 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 42 5.4 -1.2
MODL VictoryShares WestEnd U.S. Sector ETF 0.0 42 9 4.8 -1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -24 4.3 -2.3
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 5.8 -0.7
IWF iShares Russell 1000 Growth ETF 0.0 19 32 4.6 -1.9
VONG Vanguard Russell 1000 Growth ETF 0.0 8 43 4.7 -1.8
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 44 8.1 +1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 36 7.7 +1.1
VV Vanguard Large-Cap ETF 0.0 4 47 5.1 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 7.2 +0.7
IGRO iShares International Dividend Growth ETF 0.0 15 36 7.1 +0.6
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 1 7.1 +0.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 46 7.4 +0.8
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.6 -1.0
SCHF Schwab International Equity ETF 0.0 6 45 7.5 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.8 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 7.8 +1.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 34 7.1 +0.6
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 26 10.9 +4.3
AVSD Avantis Responsible International Equity ETF 0.0 23 28 5.7 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 6 6.7 +0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 -7 9.9 +3.4
TXS Texas Capital Texas Equity Index ETF 0.0 49 2 5.9 -0.7
VYMI Vanguard International High Dividend Yield ETF 0.0 22 29 9.8 +3.3
IEUR iShares Core MSCI Europe ETF 0.0 11 40 7.3 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 17 7.9 +1.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 27 6.5 -0.1
SPEU SPDR Portfolio Europe ETF 0.0 7 44 7.3 +0.8
DISV Dimensional International Small Cap Value ETF 0.0 42 9 9.6 +3.0
VGK Vanguard FTSE Europe ETF 0.0 11 40 7.3 +0.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 7.2 +0.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 26 7.5 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 6.2 -0.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 7.9 +1.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 7.3 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 7.2 +0.6
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.7 +1.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 6.9 +0.3
VPU Vanguard Utilities ETF 0.0 10 41 5.3 -1.2
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -8 3.2 -3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 31 10.8 +4.3
AVDE Avantis International Equity ETF 0.0 23 28 7.7 +1.2
AVDV Avantis International Small Cap Value ETF 0.0 36 15 10.2 +3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 8.4 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 6.8 +0.2

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 9.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 6.5 %
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.