Global X Solar ETF
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2024E    2025E
P/E
ratio
17.4x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
1.2%


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

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Sep 08, 2021
Assets (mns) $6
Currency USD
Expense ratio 51 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $7,537
Large cap (>$10bn) 34.3%
Mid cap ($2-10bn) 42.3%
Small cap (<$2bn) 22.0%
Developed mkts 42.9%
Emerging mkts 57.1%

TOP TEN HOLDINGS
FIRST SOLAR INC 10.4 %
ENPHASE ENERGY INC 7.8 %
SUNGROW POWER SUPPLY CO., LTD. CLA 7.7 %
NEXTRACKER, INC. CLASS A 7.5 %
XI'AN LONGI SILICON MATERIALS CO., 6.7 %
NINGBO DEYE TECHNOLOGY CO., LTD. C 5.8 %
TIANJIN ZHONGHUAN SEMICOND-A 3.9 %
SUNRUN INC. 3.2 %
SHENZHEN S.C NEW ENERGY TECHNOLOGY 2.9 %
XINYI SOLAR HOLDINGS LTD 2.7 %
Total 58.8 %

TOP COUNTRY EXPOSURE
CHINA 50.1 %
UNITED STATES 36.9 %
GERMANY 3.7 %
SOUTH KOREA 2.5 %
TAIWAN 1.8 %
BRITAIN 1.7 %
SPAIN 1.0 %
CANADA 0.9 %
TURKEY 0.7 %
JAPAN 0.6 %

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.
-28.2% -48.7% -- -- -28.1%

Market Correlations
versus... Beta R-squared
S&P500 1.05 25%
MSCI EAFE 1.19 30%
MSCI Emg. Mkts. 1.03 22%

Technical Indicators
Recent close $10.21
30d moving avg. $11.00
Annualized volatility 39.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 12
Turnover 2.0%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $4,015

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™: 7.1%


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 48.2 67 -16 3.1 -3.9
CTEC Global X CleanTech ETF 32.5 50 1 2.4 -4.7
VCLN Virtus Duff & Phelps Clean Energy ETF 28.1 59 -8 3.3 -3.8
FRNW Fidelity Clean Energy ETF 27.6 39 12 3.6 -3.5
ICLN iShares Global Clean Energy ETF 26.0 41 10 4.6 -2.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 21.9 58 -7 0.0 -7.1
ACES ALPS Clean Energy ETF 19.6 55 -4 -3.2 -10.2
CNRG SPDR S&P Kensho Clean Power ETF 19.5 45 6 2.3 -4.8
ERTH Invesco MSCI Sustainable Future ETF 13.3 62 -11 3.2 -3.9
PBW Invesco WilderHill Clean Energy ETF 11.6 66 -15 -11.1 -18.2
PBD Invesco Global Clean Energy ETF 11.3 75 -24 -6.7 -13.8
ETEC iShares Breakthrough Environmental Solutions ETF 11.3 47 4 7.5 +0.5
RNEW VanEck Green Infrastructure ETF 11.1 45 6 -1.5 -8.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 9.6 79 -28 4.6 -2.5
SMOG VanEck Low Carbon Energy ETF 8.9 61 -10 2.6 -4.5
KGRN KraneShares MSCI China Clean Technology Index ETF 8.4 79 -28 6.2 -0.9
RNRG Global X Renewable Energy Producers ETF 8.1 66 -15 4.4 -2.6
CCSO Carbon Collective Climate Solutions US Equity ETF 7.3 35 16 2.4 -4.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 5.7 45 6 5.8 -1.3
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 5.6 55 -4 3.3 -3.7
QQQN VictoryShares Nasdaq Next 50 ETF 5.0 18 33 4.2 -2.9
BNE Blue Horizon BNE ETF 4.5 87 -36 4.9 -2.2
MVPS Amplify Thematic All-Stars ETF 4.0 49 2 2.8 -4.3
OCEN IQ Clean Oceans ETF 3.9 45 6 5.4 -1.7
CLNR IQ Cleaner Transport ETF 3.7 45 6 5.9 -1.2
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.4 45 6 -6.9 -14.0
TCHI iShares MSCI China Multisector Tech ETF 3.2 59 -8 2.0 -5.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.9 20 31 5.4 -1.6
FXN First Trust Energy AlphaDEX Fund 2.7 62 -11 1.1 -6.0
NUMV Nuveen ESG Mid-Cap Value ETF 2.6 31 20 7.1 +0.1
IPO Renaissance IPO ETF 2.6 60 -9 -1.9 -9.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.5 15 36 4.6 -2.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.5 58 -7 4.4 -2.7
XSD SPDR S&P Semiconductor ETF 2.5 35 16 4.2 -2.9
BECO BlackRock Future Climate and Sustainable Economy ETF 2.5 70 -19 12.5 +5.4
RSPT Invesco S&P 500 Equal Weight Technology ETF 2.3 40 11 5.3 -1.8
SPHB Invesco S&P 500 High Beta ETF 2.3 25 26 3.8 -3.3
SDG iShares MSCI Global Sustainable Development Goals ETF 2.3 49 2 5.5 -1.6
GSFP Goldman Sachs Future Planet Equity ETF 2.3 75 -24 4.3 -2.8
TMFX Motley Fool Next Index ETF 2.2 50 1 3.0 -4.1
DTEC ALPS Disruptive Technologies ETF 2.1 50 1 3.1 -4.0
NUMG Nuveen ESG Mid-Cap Growth ETF 2.1 31 20 3.8 -3.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.1 55 -4 8.6 +1.5
NETZ TCW Transform Systems ETF 2.0 75 -24 3.6 -3.5
IYE iShares U.S. Energy ETF 2.0 40 11 6.9 -0.2
XT iShares Exponential Technologies ETF 1.9 46 5 4.5 -2.6
PID Invesco International Dividend Achievers ETF 1.7 53 -2 6.8 -0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 1.7 75 -24 4.3 -2.8
FTGS First Trust Growth Strength ETF 1.7 60 -9 5.6 -1.5
AIRR First Trust RBA American Industrial Renaissance ETF 1.7 70 -19 5.2 -1.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.7 65 -14 8.9 +1.8
TEMP JPMorgan Climate Change Solutions ETF 1.7 49 2 5.1 -2.0
NBDS Neuberger Berman Disrupters ETF 1.5 55 -4 1.4 -5.7
HAIL SPDR S&P Kensho Smart Mobility ETF 1.5 45 6 -2.7 -9.7
KOMP SPDR S&P Kensho New Economies Composite ETF 1.5 20 31 1.1 -5.9
SSPX Janus Henderson U.S. Sustainable Equity ETF 1.5 55 -4 3.9 -3.1
FDWM Fidelity Women's Leadership ETF 1.4 59 -8 4.9 -2.2
PSCI Invesco S&P SmallCap Industrials ETF 1.4 29 22 5.8 -1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.4 32 19 6.3 -0.7
TRFM AAM Transformers ETF 1.3 49 2 1.4 -5.7
BIBL Inspire 100 ETF 1.3 35 16 5.0 -2.1
JCHI JPMorgan Active China ETF 1.3 65 -14 7.9 +0.8
NULV Nuveen ESG Large-Cap Value ETF 1.3 26 25 7.0 -0.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.3 65 -14 6.5 -0.5
FPX First Trust US Equity Opportunities ETF 1.2 61 -10 1.6 -5.5
CNYA iShares MSCI China A ETF 1.2 60 -9 8.7 +1.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 1.1 10 41 4.4 -2.7
NZUS SPDR MSCI USA Climate Paris Aligned ETF 1.1 10 41 4.5 -2.6
ITEQ BlueStar Israel Technology ETF 1.1 75 -24 1.4 -5.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 6 -0.5 -7.5
VOT Vanguard Mid-Cap Growth ETF 1.0 7 44 4.1 -3.0
JSML Janus Henderson Small Cap Growth Alpha ETF 1.0 30 21 7.4 +0.3
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 1.0 65 -14 4.4 -2.7
NUSC Nuveen ESG Small-Cap ETF 1.0 31 20 5.3 -1.8
HAP VanEck Natural Resources ETF 1.0 50 1 9.8 +2.8
WCEO Hypatia Women CEO ETF 1.0 85 -34 4.9 -2.2
RAYC Rayliant Quantamental China Equity ETF 1.0 80 -29 8.5 +1.4
PSCT Invesco S&P SmallCap Information Technology ETF 0.9 29 22 5.2 -1.9
BUZZ VanEck Social Sentiment ETF 0.9 75 -24 0.1 -6.9
BUL Pacer US Cash Cows Growth ETF 0.9 60 -9 7.8 +0.7
FSST Fidelity Sustainable U.S. Equity ETF 0.8 59 -8 2.8 -4.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -24 2.8 -4.3
CHGX AXS Change Finance ESG ETF 0.7 49 2 4.9 -2.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.7 35 16 10.3 +3.2
IMCG iShares Morningstar Mid-Cap Growth ETF 0.7 6 45 4.3 -2.7
MCH Matthews China Active ETF 0.7 79 -28 5.9 -1.2
JHMM John Hancock Multifactor Mid Cap ETF 0.7 42 9 6.5 -0.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.7 20 31 -9.3 -16.3
VTWG Vanguard Russell 2000 Growth ETF 0.7 15 36 1.5 -5.6
BLES Inspire Global Hope ETF 0.7 61 -10 6.3 -0.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.7 15 36 8.9 +1.9
EES WisdomTree U.S. SmallCap Fund 0.7 38 13 9.9 +2.8
IJS iShares S&P Small-Cap 600 Value ETF 0.7 18 33 8.8 +1.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.6 15 36 8.8 +1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -19 2.2 -4.8
PGJ Invesco Golden Dragon China ETF 0.6 70 -19 4.9 -2.2
GINN Goldman Sachs Innovate Equity ETF 0.6 52 -1 2.6 -4.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.6 35 16 5.3 -1.8
ETHO Etho Climate Leadership U.S. ETF 0.6 47 4 3.6 -3.5
ISRA VanEck Israel ETF 0.6 59 -8 8.1 +1.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 42 4.0 -3.0
USMF WisdomTree U.S. Multifactor Fund 0.6 28 23 7.6 +0.5
IQM Franklin Intelligent Machines ETF 0.6 50 1 3.1 -4.0
SSPY Syntax Stratified LargeCap ETF 0.6 30 21 6.5 -0.6
SQLV Royce Quant Small-Cap Quality Value ETF 0.5 60 -9 8.2 +1.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 27 7.4 +0.4
HKND Humankind US Stock ETF 0.5 11 40 7.1 +0.0
AVSC Avantis U.S Small Cap Equity ETF 0.5 25 26 4.9 -2.2
IWO iShares Russell 2000 Growth ETF 0.5 24 27 1.5 -5.6
VBK Vanguard Small-Cap Growth ETF 0.5 7 44 1.4 -5.7
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 28 3.9 -3.1
RSSL Global X Russell 2000 ETF 0.5 8 43 3.1 -4.0
VO Vanguard Mid-Cap ETF 0.5 4 47 5.9 -1.2
IWM iShares Russell 2000 ETF 0.5 19 32 3.5 -3.5
VLUE iShares MSCI USA Value Factor ETF 0.5 15 36 10.5 +3.5
BFOR ALPS Barron's 400 ETF 0.5 65 -14 6.5 -0.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 12 4.5 -2.6
DFNV Donoghue Forlines Innovation ETF 0.5 69 -18 4.6 -2.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.4 52 -1 5.4 -1.7
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.4 58 -7 5.3 -1.8
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 43 4.4 -2.7
IWN iShares Russell 2000 Value ETF 0.4 24 27 5.4 -1.6
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.4 35 16 5.0 -2.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 39 7.5 +0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 34 5.7 -1.4
SSLY Syntax Stratified SmallCap ETF 0.4 40 11 7.3 +0.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 36 6.2 -0.9
CNXT VanEck ChiNext ETF 0.4 65 -14 3.7 -3.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.4 18 33 7.0 -0.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.4 15 36 5.7 -1.3
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -8 0.5 -6.6
FLCH Franklin FTSE China ETF 0.4 19 32 9.2 +2.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 42 6.0 -1.1
IJR iShares Core S&P Small Cap ETF 0.4 6 45 7.7 +0.6
VGT Vanguard Information Technology ETF 0.4 10 41 4.3 -2.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 10 41 7.7 +0.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 47 5.2 -1.9
SFYX SoFi Next 500 ETF 0.4 0 51 5.1 -2.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 31 5.8 -1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 44 6.2 -0.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 48 7.7 +0.7
XLK Technology Select Sector SPDR Fund 0.4 9 42 4.6 -2.4
VTWO Vanguard Russell 2000 ETF 0.4 10 41 3.5 -3.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 36 5.5 -1.6
IMCB iShares Morningstar Mid-Cap ETF 0.4 4 47 6.2 -0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.4 39 12 9.4 +2.3
FLDZ RiverNorth Patriot ETF 0.4 75 -24 5.7 -1.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 21 6.8 -0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 39 4.7 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 19 5.9 -1.2
IWR iShares Russell Midcap ETF 0.3 19 32 5.7 -1.4
FDTX Fidelity Disruptive Technology ETF 0.3 50 1 2.7 -4.4
SIZE iShares MSCI USA Size Factor ETF 0.3 15 36 5.9 -1.1
PTL Inspire 500 ETF 0.3 9 42 5.6 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 42 6.0 -1.1
MCHI iShares MSCI China ETF 0.3 59 -8 8.5 +1.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 -9 7.0 -0.1
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 -1 7.1 +0.1
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 31 6.2 -0.9
EWY iShares MSCI South Korea ETF 0.3 58 -7 7.8 +0.7
IGM iShares Expanded Tech Sector ETF 0.3 41 10 4.2 -2.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -28 9.7 +2.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -13 2.1 -4.9
JAVA JPMorgan Active Value ETF 0.3 44 7 6.1 -1.0
FLKR Franklin FTSE South Korea ETF 0.3 9 42 8.6 +1.5
IWS iShares Russell Mid-Cap Value ETF 0.3 23 28 6.5 -0.5
AIEQ AI Powered Equity ETF 0.3 75 -24 3.1 -4.0
KALL KraneShares MSCI All China Index ETF 0.3 49 2 9.2 +2.2
STXK Strive Small-Cap ETF 0.3 18 33 5.1 -1.9
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 45 7.9 +0.8
TTAC FCF US Quality ETF 0.3 59 -8 6.2 -0.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 34 5.3 -1.7
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 43 4.8 -2.3
VSGX Vanguard ESG International Stock ETF 0.3 12 39 6.3 -0.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.3 35 16 5.9 -1.2
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.3 40 11 5.9 -1.2
VXUS Vanguard Total International Stock ETF 0.3 7 44 6.7 -0.4
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 38 7.4 +0.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.3 35 16 6.8 -0.3
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.3 42 9 6.8 -0.3
ISCB iShares Morningstar Small-Cap ETF 0.3 4 47 5.2 -1.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.3 15 36 4.8 -2.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 25 5.9 -1.2
VEA Vanguard FTSE Developed Markets ETF 0.2 5 46 6.7 -0.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 26 6.5 -0.6
AVES Avantis Emerging Markets Value ETF 0.2 36 15 10.4 +3.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.2 18 33 5.8 -1.3
VGK Vanguard FTSE Europe ETF 0.2 11 40 6.5 -0.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 45 2.5 -4.6
KSTR KraneShares SSE STAR Market 50 Index ETF 0.2 89 -38 3.0 -4.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 44 5.6 -1.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 30 3.7 -3.4
IXN iShares Global Tech ETF 0.2 41 10 3.9 -3.2
VT Vanguard Total World Stock ETF 0.2 7 44 5.6 -1.5
ITAN Sparkline Intangible Value ETF 0.2 50 1 6.4 -0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 0.2 59 -8 2.7 -4.3
VIS Vanguard Industrials ETF 0.2 10 41 4.5 -2.6
IJH iShares Core S&P Mid-Cap ETF 0.2 5 46 6.7 -0.4
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 28 6.5 -0.6
VB Vanguard Small-Cap ETF 0.2 5 46 5.3 -1.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.2 15 36 6.7 -0.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 48 6.7 -0.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 31 6.4 -0.7
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 28 6.3 -0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 47 6.0 -1.1
VXF Vanguard Extended Market ETF 0.2 6 45 4.0 -3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 13 7.6 +0.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.2 12 39 7.9 +0.8
AFSM First Trust Active Factor Small Cap ETF 0.2 75 -24 7.0 -0.0
ISMD Inspire Small/Mid Cap ETF 0.2 54 -3 5.9 -1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -14 6.8 -0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -29 9.1 +2.0
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 41 5.1 -2.0
VEGN US Vegan Climate ETF 0.2 60 -9 4.6 -2.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 6.9 -0.2
AVUS Avantis U.S. Equity ETF 0.2 15 36 5.8 -1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 35 6.7 -0.4
SCHA Schwab U.S. Small-Cap ETF 0.2 4 47 4.7 -2.4
JHML John Hancock Multifactor Large Cap ETF 0.2 29 22 5.4 -1.6
BKF iShares MSCI BIC ETF 0.2 69 -18 6.9 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 41 5.1 -2.0
XPND First Trust Expanded Technology ETF 0.2 65 -14 3.9 -3.2
GXC SPDR S&P China ETF 0.2 59 -8 8.5 +1.5
IVE iShares S&P 500 Value ETF 0.2 18 33 6.6 -0.5
SUSA iShares MSCI USA ESG Select ETF 0.2 25 26 5.1 -2.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 47 6.7 -0.4
VOOV Vanguard S&P 500 Value ETF 0.2 10 41 6.6 -0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 10 7.1 +0.1
IUSV iShares Core S&P US Value ETF 0.2 4 47 6.8 -0.3
VUG Vanguard Growth ETF 0.1 4 47 4.0 -3.1
DFUV Dimensional US Marketwide Value ETF 0.1 22 29 7.7 +0.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 8 10.5 +3.4
ILCG iShares Morningstar Growth ETF 0.1 4 47 3.8 -3.2
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 26 7.0 -0.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 41 5.2 -1.8
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 16 6.9 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -19 5.8 -1.3
EVUS iShares ESG Aware MSCI USA Value ETF 0.1 18 33 6.7 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 0.1 10 41 5.1 -2.0
SCHG Schwab U.S. Large-Cap Growth ETF 0.1 4 47 4.2 -2.9
IWC iShares Micro-Cap ETF 0.1 60 -9 -3.8 -10.9
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 36 7.4 +0.3
SFY SoFi Select 500 ETF 0.1 0 51 4.5 -2.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 26 5.5 -1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -15 6.4 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 6.7 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 2 6.1 -0.9
AFMC First Trust Active Factor Mid Cap ETF 0.1 65 -14 7.3 +0.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 32 6.6 -0.5
STXG Strive 1000 Growth ETF 0.1 18 33 4.1 -3.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 2 12.0 +4.9
VONV Vanguard Russell 1000 Value ETF 0.1 8 43 6.6 -0.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 5.5 -1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.1 45 6 4.4 -2.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.0 -2.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 4.9 -2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.8 -2.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 7.1 -0.0
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 5.2 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 8.7 +1.7
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 9 5.7 -1.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.0 -2.1
EEM iShares MSCI Emerging Markets ETF 0.1 69 -18 6.4 -0.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 43 6.8 -0.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -8 2.6 -4.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.0 -2.0
HLAL Wahed FTSE USA Shariah ETF 0.1 50 1 4.6 -2.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 4.9 -2.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 42 7.1 -0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 42 5.5 -1.6
IWD iShares Russell 1000 Value ETF 0.1 19 32 6.5 -0.6
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 36 5.1 -2.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 51 5.1 -1.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 26 6.4 -0.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 23 8.3 +1.2
VOTE TCW Transform 500 ETF 0.1 5 46 5.0 -2.1
IJT iShares S&P Small-Cap 600 Growth ETF 0.1 18 33 6.5 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 4.9 -2.1
VTHR Vanguard Russell 3000 ETF 0.1 10 41 4.9 -2.1
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 36 5.1 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 31 6.5 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.1 -2.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.1 15 36 6.7 -0.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 18 8.3 +1.2
IYY iShares Dow Jones U.S. ETF 0.1 20 31 4.9 -2.2
VTI Vanguard Total Stock Market ETF 0.1 3 48 4.9 -2.1
SLYG SPDR S&P 600 Small Cap Growth ETF 0.1 15 36 6.5 -0.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 12 8.7 +1.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.2 -1.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 2 5.8 -1.2
IWV iShares Russell 3000 ETF 0.1 20 31 4.8 -2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 34 7.1 +0.1
DFIS Dimensional International Small Cap ETF 0.1 39 12 6.3 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -19 6.9 -0.2
DSI iShares MSCI KLD 400 Social ETF 0.1 25 26 5.0 -2.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.2 -1.9
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 4.9 -2.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 48 5.0 -2.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 44 5.0 -2.1
VOO Vanguard S&P 500 ETF 0.1 3 48 5.2 -1.9
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.0 -2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 31 4.8 -2.2
VONE Vanguard Russell 1000 ETF 0.1 8 43 5.1 -2.0
VPU Vanguard Utilities ETF 0.1 10 41 6.0 -1.1
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 18 33 4.2 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 31 4.9 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 4.9 -2.1
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 49 5.1 -2.0
IVV iShares Core S&P 500 ETF 0.1 3 48 5.1 -2.0
SPY SPDR S&P 500 ETF Trust 0.1 9 42 5.0 -2.1
VV Vanguard Large-Cap ETF 0.1 4 47 5.1 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 31 5.1 -2.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 48 5.1 -2.0
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 43 6.0 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 36 5.8 -1.3
USMV iShares MSCI USA Min Vol Factor ETF 0.1 15 36 5.8 -1.2
SCHK Schwab 1000 Index ETF 0.1 5 46 5.1 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 21 7.6 +0.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 7.2 +0.1
EPS WisdomTree U.S. LargeCap Fund 0.1 8 43 6.0 -1.1
PBUS Invesco MSCI USA ETF 0.1 4 47 5.0 -2.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 48 5.0 -2.1
IWB iShares Russell 1000 ETF 0.1 15 36 4.9 -2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 21 7.0 -0.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -7 7.2 +0.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 19 4.9 -2.2
STRV Strive 500 ETF 0.1 5 46 5.0 -2.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 11 6.1 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 42 5.3 -1.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 28 8.6 +1.5
QGRW WisdomTree U.S. Quality Growth Fund 0.1 28 23 4.5 -2.6
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 43 5.0 -2.1
RVRB Reverb ETF 0.1 30 21 4.8 -2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 18 6.6 -0.4
DFLV Dimensional US Large Cap Value ETF 0.1 22 29 7.8 +0.8
ACWI iShares MSCI ACWI ETF 0.1 32 19 5.3 -1.8
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 39 7.1 +0.1
SCHC Schwab International Small-Cap Equity ETF 0.1 11 40 6.1 -1.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 42 4.7 -2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.1 20 31 10.1 +3.0
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 44 7.0 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 12 7.1 +0.0
TOK iShares MSCI Kokusai ETF 0.1 26 25 5.1 -2.0
URTH iShares MSCI World ETF 0.1 24 27 5.2 -1.9
SCHE Schwab Emerging Markets Equity ETF 0.1 11 40 6.9 -0.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -7 9.4 +2.4
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 40 4.8 -2.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 31 7.2 +0.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -38 4.9 -2.2
VONG Vanguard Russell 1000 Growth ETF 0.0 8 43 4.7 -2.4
DFSV Dimensional US Small Cap Value ETF 0.0 31 20 8.9 +1.8
RECS Columbia Research Enhanced Core ETF 0.0 15 36 5.5 -1.6
IWF iShares Russell 1000 Growth ETF 0.0 19 32 4.5 -2.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 12 8.9 +1.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 10 6.1 -0.9
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 19 5.5 -1.6
VTWV Vanguard Russell 2000 Value ETF 0.0 15 36 5.3 -1.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 33 5.5 -1.5
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 1 6.3 -0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 21 7.6 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 17 6.5 -0.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -24 3.7 -3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 10 6.4 -0.6
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 44 6.8 -0.3
TXS Texas Capital Texas Equity Index ETF 0.0 49 2 5.2 -1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.0 29 22 7.1 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 0.0 29 22 7.0 -0.1
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.5 -2.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 44 5.0 -2.1
SCHM Schwab U.S. Mid-Cap ETF 0.0 4 47 6.3 -0.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 26 6.9 -0.1
IUS Invesco RAFI Strategic US ETF 0.0 19 32 7.1 +0.0
GWX SPDR S&P International Small Cap ETF 0.0 40 11 6.0 -1.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 26 6.2 -0.9
IETC iShares U.S. Tech Independence Focused ETF 0.0 18 33 4.4 -2.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 17 10.4 +3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 21 5.8 -1.3
APUE ActivePassive U.S. Equity ETF 0.0 45 6 4.8 -2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 2 7.6 +0.6
AVDV Avantis International Small Cap Value ETF 0.0 36 15 7.5 +0.5
VPL Vanguard FTSE Pacific ETF 0.0 8 43 6.7 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 43 6.7 -0.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 48 6.6 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 6 6.4 -0.7
DLS WisdomTree International SmallCap Dividend Fund 0.0 58 -7 8.3 +1.2
RWL Invesco S&P 500 Revenue ETF 0.0 39 12 6.7 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 42 5.5 -1.6
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.1 -2.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 31 6.6 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 6 8.4 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 12 7.5 +0.4
VOOG Vanguard S&P 500 Growth ETF 0.0 10 41 4.4 -2.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 21 6.5 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 9.0 +2.0
IVW iShares S&P 500 Growth ETF 0.0 18 33 4.3 -2.8
SPYG SPDR Portfolio S&P 500 Growth ETF 0.0 4 47 4.4 -2.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 26 7.0 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 6 7.5 +0.4
VYMI Vanguard International High Dividend Yield ETF 0.0 22 29 9.4 +2.3
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 5.5 -1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.0 36 15 6.4 -0.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.0 15 36 8.0 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 27 6.0 -1.1
AVDE Avantis International Equity ETF 0.0 23 28 7.6 +0.5
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 3 7.5 +0.4
SPEU SPDR Portfolio Europe ETF 0.0 7 44 6.4 -0.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 34 7.1 +0.1
STXV Strive 1000 Value ETF 0.0 18 33 7.8 +0.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 28 7.3 +0.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 44 6.5 -0.6
IEUR iShares Core MSCI Europe ETF 0.0 11 40 6.5 -0.6
SCHF Schwab International Equity ETF 0.0 6 45 6.9 -0.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 45 7.2 +0.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 33 6.8 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.6 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 47 6.6 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 12 7.1 +0.0
DUHP Dimensional US High Profitability ETF 0.0 21 30 6.6 -0.5
IPAC iShares Core MSCI Pacific ETF 0.0 9 42 6.6 -0.5

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

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Solar ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

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

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.