Global X Renewable Energy Producers ETF
ALTAR
Score™		 1.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 59.7x P/Sales
ratio		 5.5x
P/BV
ratio		 3.2x Div.
yield		 1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Renewable Energy Producers ETF seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 27, 2015
Assets (mns) $27
Currency USD
Expense ratio 66 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $6,455
Large cap (>$10bn) 21.6%
Mid cap ($2-10bn) 63.1%
Small cap (<$2bn) 14.0%
Developed mkts 77.2%
Emerging mkts 22.8%

TOP TEN HOLDINGS
CENTRAIS ELETRICAS BRASILIER 7.3 %
BARITO RENEWABLE 7.0 %
EDP RENOVAVEIS SA 5.9 %
MERIDIAN ENERGY LTD 5.9 %
VERBUND AG 5.5 %
MIGHTY RIVER POWER 4.8 %
ORMAT TECHNOLOGIES INC 4.7 %
CONTACT ENERGY LTD 4.5 %
ENGIE BRASIL ENERGIA S.A. 4.4 %
BROOKFIELD RENEWABLE PARTNERS LP 4.2 %
Total 54.2 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.4 %
BRAZIL 12.6 %
UNITED STATES 11.0 %
SPAIN 10.2 %
INDONESIA 9.7 %
DENMARK 6.6 %
ISRAEL 5.5 %
CANADA 5.4 %
AUSTRIA 5.1 %
CHINA 4.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
268.5% 203.0% 18.3% 15.5% 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.54 3%
MSCI EAFE -0.85 1%
MSCI Emg. Mkts. -0.19 0%

Technical Indicators
Recent close $33.42
30d moving avg. $31.54
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 80

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 1.04%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 414 potential alternatives to the Global X Renewable Energy Producers ETF ETF based on the alternatives' overlap in portfolio holdings with RNRG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNRG Expense: 66 bp ALTAR Score™: 1.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNRG
Ticker Fund
Name		 Overlap1
vs RNRG
(%)		 Expense
ratio
(bp)		 Savings
vs RNRG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RNRG
(%)
FRNW Fidelity Clean Energy ETF 40.7 39 27 2.8 +1.5
FAN First Trust Global Wind Energy ETF 26.2 60 6 4.2 +3.0
ACES ALPS Clean Energy ETF 20.9 55 11 -3.0 -4.3
TAN Invesco Solar ETF 18.3 67 -1 6.1 +4.9
ICLN iShares Global Clean Energy ETF 18.2 41 25 4.6 +3.4
PBD Invesco Global Clean Energy ETF 15.5 75 -9 -0.4 -1.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 14.1 75 -9 7.2 +6.0
VCLN Virtus Duff & Phelps Clean Energy ETF 11.0 59 7 4.3 +3.1
SMOG VanEck Low Carbon Energy ETF 10.1 61 5 1.6 +0.4
ENZL iShares MSCI New Zealand ETF 8.2 50 16 3.8 +2.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.5 58 8 -2.0 -3.2
CNRG SPDR S&P Kensho Clean Power ETF 6.9 45 21 0.7 -0.5
IDX VanEck Indonesia Index ETF 6.5 57 9 7.1 +5.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.4 79 -13 4.7 +3.5
PBW Invesco WilderHill Clean Energy ETF 6.0 66 0 -3.0 -4.2
ITEQ BlueStar Israel Technology ETF 5.6 75 -9 1.6 +0.4
ERTH Invesco MSCI Sustainable Future ETF 5.6 62 4 3.6 +2.4
EWO iShares MSCI Austria ETF 4.4 50 16 10.7 +9.5
PID Invesco International Dividend Achievers ETF 4.1 53 13 5.6 +4.3
KGRN KraneShares MSCI China Clean Technology Index ETF 3.7 79 -13 0.3 -0.9
FLBR Franklin FTSE Brazil ETF 3.6 19 47 14.9 +13.6
DTEC ALPS Disruptive Technologies ETF 3.5 50 16 3.8 +2.6
EWZ iShares MSCI Brazil ETF 3.2 58 8 13.5 +12.3
CCNR ALPS CoreCommodity Natural Resources ETF 2.9 39 27 10.1 +8.9
FLN First Trust Latin America AlphaDEX Fund 2.8 80 -14 10.5 +9.3
XT iShares Exponential Technologies ETF 2.8 46 20 4.7 +3.5
CCSO Carbon Collective Climate Solutions US Equity ETF 2.7 35 31 0.9 -0.3
OCEN IQ Clean Oceans ETF 2.5 45 21 6.1 +4.8
ISRA VanEck Israel ETF 2.5 59 7 7.0 +5.7
TEMP JPMorgan Climate Change Solutions ETF 2.4 49 17 5.7 +4.5
BLLD JPMorgan Sustainable Infrastructure ETF 2.4 49 17 6.2 +5.0
EMIF iShares Emerging Markets Infrastructure ETF 2.4 60 6 5.0 +3.8
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.2 55 11 5.9 +4.6
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.2 29 37 4.6 +3.4
FLLA Franklin FTSE Latin America ETF 2.1 19 47 13.0 +11.8
FXU First Trust Utilities AlphaDEX Fund 2.1 64 2 5.2 +4.0
SDG iShares MSCI Global Sustainable Development Goals ETF 2.1 49 17 5.8 +4.6
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -17 10.6 +9.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 6 10.8 +9.6
FICS First Trust International Developed Capital Strength ETF 1.8 70 -4 7.5 +6.3
DIV Global X SuperDividend US ETF 1.8 45 21 12.5 +11.2
VOLT Tema Electrification ETF 1.7 75 -9 2.6 +1.4
GVAL Cambria Global Value ETF 1.7 68 -2 10.6 +9.4
EDEN iShares MSCI Denmark ETF 1.7 53 13 7.0 +5.8
ILF iShares Latin America 40 ETF 1.6 48 18 12.8 +11.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.5 30 36 13.8 +12.6
EIS iShares MSCI Israel ETF 1.5 58 8 7.6 +6.3
ETHO Etho Climate Leadership U.S. ETF 1.4 47 19 5.3 +4.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.4 52 14 6.3 +5.0
PSCI Invesco S&P SmallCap Industrials ETF 1.4 29 37 5.2 +4.0
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 6 8.1 +6.8
WCEO Hypatia Women CEO ETF 1.3 85 -19 3.9 +2.7
BRF VanEck Brazil Small-Cap ETF 1.2 66 0 11.8 +10.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 37 9.3 +8.1
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 41 7.8 +6.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.1 59 7 6.4 +5.2
ZAP Global X U.S. Electrification ETF 1.1 50 16 3.8 +2.5
WDIV SPDR S&P Global Dividend ETF 1.0 40 26 9.4 +8.2
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.0 49 17 4.7 +3.5
DISV Dimensional International Small Cap Value ETF 1.0 42 24 9.0 +7.7
WWJD Inspire International ETF 1.0 80 -14 7.4 +6.1
JXI iShares Global Utilities ETF 1.0 43 23 5.5 +4.3
HAP VanEck Natural Resources ETF 1.0 50 16 9.1 +7.9
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 7 11.9 +10.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 9.5 +8.3
IJS iShares S&P Small-Cap 600 Value ETF 0.9 18 48 9.9 +8.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.9 35 31 10.3 +9.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.9 59 7 10.7 +9.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 56 10.0 +8.7
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 5.3 +4.1
SLYV SPDR S&P 600 Small Cap Value ETF 0.9 15 51 10.0 +8.7
KNO AXS Knowledge Leaders ETF 0.9 78 -12 6.1 +4.9
CLNR IQ Cleaner Transport ETF 0.8 45 21 6.7 +5.5
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 19.1 +17.8
WBIY WBI Power Factor High Dividend ETF 0.8 100 -34 15.6 +14.4
AVDS Avantis International Small Cap Equity ETF 0.8 30 36 7.3 +6.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 -5 0.4 -0.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 7 7.5 +6.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 46 2.3 +1.1
NORW Global X MSCI Norway ETF 0.7 50 16 10.7 +9.4
AVDV Avantis International Small Cap Value ETF 0.7 36 30 9.3 +8.1
AVES Avantis Emerging Markets Value ETF 0.7 36 30 11.0 +9.8
ENOR iShares MSCI Norway ETF 0.7 53 13 10.9 +9.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -14 11.3 +10.0
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.8 +6.6
DFIS Dimensional International Small Cap ETF 0.7 39 27 7.3 +6.1
IWN iShares Russell 2000 Value ETF 0.7 24 42 7.3 +6.0
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 7.3 +6.1
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.9 +3.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.7 58 8 8.7 +7.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 62 5.9 +4.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 -9 8.8 +7.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -14 10.6 +9.4
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 8.1 +6.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.6 65 1 7.8 +6.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -4 7.5 +6.2
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -14 12.0 +10.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 6 5.5 +4.3
VPU Vanguard Utilities ETF 0.6 9 57 4.9 +3.7
GINN Goldman Sachs Innovate Equity ETF 0.6 52 14 3.5 +2.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 54 5.9 +4.7
IEUS iShares MSCI Europe Small-Cap ETF 0.6 42 24 7.3 +6.1
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 14 7.0 +5.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 5.8 +4.6
RCGE RockCreek Global Equality ETF 0.6 95 -29 6.8 +5.6
TTAI FCF International Quality ETF 0.6 59 7 7.4 +6.1
FSST Fidelity Sustainable U.S. Equity ETF 0.6 59 7 4.3 +3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.9 +5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 22 10.6 +9.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.5 45 21 10.8 +9.6
BLES Inspire Global Hope ETF 0.5 61 5 6.8 +5.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -13 8.5 +7.3
SCHC Schwab International Small-Cap Equity ETF 0.5 11 55 6.6 +5.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 31 7.8 +6.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 54 7.6 +6.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 26 6.9 +5.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.1 +4.9
IJR iShares Core S&P Small Cap ETF 0.4 6 60 7.8 +6.5
GWX SPDR S&P International Small Cap ETF 0.4 40 26 6.0 +4.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 -4 2.7 +1.5
STXK Strive Small-Cap ETF 0.4 18 48 5.9 +4.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.4 80 -14 6.2 +4.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 27 5.3 +4.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 7.8 +6.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 7.8 +6.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 42 7.7 +6.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 7.9 +6.7
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.2 +4.0
DFSV Dimensional US Small Cap Value ETF 0.4 31 35 10.4 +9.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 35 6.2 +4.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.4 19 47 6.0 +4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 7 8.7 +7.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 27 7.9 +6.7
STXE Strive Emerging Markets Ex-China ETF 0.4 32 34 7.5 +6.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -14 9.1 +7.9
TRFM AAM Transformers ETF 0.4 49 17 1.2 -0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 54 5.1 +3.8
ESIX SPDR S&P SmallCap 600 ESG ETF 0.4 12 54 8.3 +7.1
DTH WisdomTree International High Dividend Fund 0.4 58 8 8.6 +7.4
DXIV Dimensional International Vector Equity ETF 0.4 34 32 7.9 +6.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 46 6.7 +5.5
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -1.2
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 9.2 +8.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 26 7.0 +5.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 3 13.8 +12.5
WDNA WisdomTree BioRevolution Fund 0.3 45 21 -1.3 -2.5
IWM iShares Russell 2000 ETF 0.3 19 47 4.2 +3.0
VTWO Vanguard Russell 2000 ETF 0.3 7 59 4.2 +3.0
RSSL Global X Russell 2000 ETF 0.3 8 58 4.3 +3.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 42 8.3 +7.1
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 9.8 +8.6
IPOS Renaissance International IPO ETF 0.3 80 -14 2.2 +1.0
HKND Humankind US Stock ETF 0.3 11 55 7.1 +5.9
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 5.9 +4.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 27 9.8 +8.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 5.9 +4.6
AVDE Avantis International Equity ETF 0.3 23 43 7.3 +6.1
BKF iShares MSCI BIC ETF 0.3 69 -3 13.5 +12.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.5 +5.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 2 2.2 +0.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 6.4 +5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 15.6 +14.4
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 7.7 +6.5
ISMD Inspire Small/Mid Cap ETF 0.3 54 12 5.7 +4.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 8.2 +6.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 57 4.1 +2.9
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 42 6.4 +5.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 8.3 +7.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -14 9.0 +7.8
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -23 4.9 +3.7
AVSD Avantis Responsible International Equity ETF 0.3 23 43 5.6 +4.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.7 +4.5
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 38 9.6 +8.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 8.0 +6.8
INTF iShares International Equity Factor ETF 0.3 15 51 7.6 +6.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.9 +1.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 8.6 +7.3
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 5.7 +4.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 24 9.8 +8.5
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.9 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.3 +5.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 9.5 +8.2
DFIC Dimensional International Core Equity 2 ETF 0.2 23 43 7.4 +6.2
TPIF Timothy Plan International ETF 0.2 62 4 6.3 +5.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 8.0 +6.8
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 7.8 +6.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 6.2 +4.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 7.7 +6.5
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.7 +3.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 5 6.0 +4.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 9.8 +8.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 9.9 +8.7
INEQ Columbia International Equity Income ETF 0.2 45 21 8.2 +7.0
VEGN US Vegan Climate ETF 0.2 60 6 4.4 +3.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 9.7 +8.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 48 9.0 +7.7
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.2 +7.0
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 6.2 +5.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.2 35 31 7.4 +6.1
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 6.7 +5.5
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.7 +5.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 56 9.1 +7.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 7.8 +6.6
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 51 9.0 +7.8
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 6.9 +5.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 6.1 +4.9
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 7.3 +6.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 6.8 +5.6
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 7.1 +5.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 7.4 +6.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.8 +5.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 9.2 +7.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 8.9 +7.7
AVEM Avantis Emerging Markets Equity ETF 0.2 33 33 8.4 +7.2
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 9.1 +7.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 8.2 +6.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.8 +5.6
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 7.5 +6.3
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 7.3 +6.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 7.4 +6.2
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 7.0 +5.8
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 10.0 +8.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 7.6 +6.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 7.5 +6.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.5 +4.3
IEUR iShares Core MSCI Europe ETF 0.2 11 55 7.4 +6.1
VXUS Vanguard Total International Stock ETF 0.2 5 61 7.8 +6.6
VB Vanguard Small-Cap ETF 0.2 5 61 6.2 +5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.6 +4.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 10.7 +9.5
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 9.1 +7.9
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 7.8 +6.6
SCHY Schwab International Dividend Equity ETF 0.2 14 52 9.9 +8.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 36 10.0 +8.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 51 10.0 +8.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 7.6 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 7.2 +5.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 9.3 +8.1
KALL KraneShares MSCI All China Index ETF 0.2 49 17 15.1 +13.9
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 7.6 +6.3
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 60 9.5 +8.2
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 49 6.0 +4.8
IDU iShares U.S. Utilities ETF 0.2 40 26 4.4 +3.2
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 9.9 +8.7
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.7 +5.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 7.9 +6.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 6 7.4 +6.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -14 14.3 +13.1
EFV iShares MSCI EAFE Value ETF 0.1 34 32 9.1 +7.9
AFK VanEck Africa Index ETF 0.1 98 -32 11.1 +9.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 51 6.0 +4.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 10 56 6.2 +4.9
VXF Vanguard Extended Market ETF 0.1 5 61 4.7 +3.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 63 7.0 +5.7
GXC SPDR S&P China ETF 0.1 59 7 15.0 +13.8
VGK Vanguard FTSE Europe ETF 0.1 6 60 7.5 +6.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 16.1 +14.9
SPEU SPDR Portfolio Europe ETF 0.1 7 59 7.4 +6.2
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 12.8 +11.6
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 6.4 +5.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 7.3 +6.0
BKIE BNY Mellon International Equity ETF 0.1 4 62 7.1 +5.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 6.9 +5.7
DWM WisdomTree International Equity Fund 0.1 48 18 7.5 +6.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 10.0 +8.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 10.2 +8.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 44 5.9 +4.7
FEP First Trust Europe AlphaDEX Fund 0.1 80 -14 9.0 +7.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 7.8 +6.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 62 8.0 +6.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 7.0 +5.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.5 +6.2
XCEM Columbia EM Core ex-China ETF 0.1 16 50 8.0 +6.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 7.6 +6.4
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.3 +6.0
EZU iShares MSCI Eurozone ETF 0.1 52 14 6.7 +5.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 17.6 +16.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 46 6.4 +5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 9.1 +7.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 7.6 +6.4
DIHP Dimensional International High Profitability ETF 0.1 29 37 7.2 +6.0
VPL Vanguard FTSE Pacific ETF 0.1 7 59 6.9 +5.6
FENI Fidelity Enhanced International ETF 0.1 28 38 6.5 +5.3
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.3 +6.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 8.3 +7.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 7.2 +6.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 6.4 +5.2
SCHF Schwab International Equity ETF 0.1 6 60 7.2 +6.0
EFA iShares MSCI EAFE ETF 0.1 35 31 6.7 +5.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 7.7 +6.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 7.5 +6.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 8.2 +7.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 6.5 +5.3
FLEE Franklin FTSE Europe ETF 0.1 9 57 7.3 +6.0
FLCH Franklin FTSE China ETF 0.1 19 47 15.5 +14.3
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 8.1 +6.9
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.5 +7.3
VBR Vanguard Small Cap Value ETF 0.1 7 59 9.4 +8.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 9.1 +7.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 8.6 +7.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 7.7 +6.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.6 +5.4
DXUV Dimensional US Vector Equity ETF 0.1 28 38 6.3 +5.1
IGF iShares Global Infrastructure ETF 0.1 41 25 4.6 +3.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.7 +3.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 6.6 +5.4
IEV iShares Europe ETF 0.1 67 -1 6.9 +5.6
SFYX SoFi Next 500 ETF 0.1 0 66 5.8 +4.6
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 6.2 +5.0
IGRO iShares International Dividend Growth ETF 0.1 15 51 7.3 +6.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.7 +4.5
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.6 +6.4
MCHI iShares MSCI China ETF 0.1 59 7 17.1 +15.9
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.3 +3.1
VSGX Vanguard ESG International Stock ETF 0.1 10 56 7.6 +6.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 7.0 +5.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.8 +7.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 25 6.5 +5.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 6.1 +4.9
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 4.5 +3.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 42 7.9 +6.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 10.0 +8.8
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.9 +8.7
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.4 +5.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.2 +8.0
AVIV Avantis International Large Cap Value ETF 0.1 25 41 8.5 +7.3
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 9.4 +8.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 5.6 +4.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 7.8 +6.6
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.9 +4.7
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.4 +5.2
VT Vanguard Total World Stock ETF 0.1 6 60 5.8 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.3 +9.1
DFIV Dimensional International Value ETF 0.1 27 39 9.7 +8.5
STXM Strive Mid-Cap ETF 0.1 18 48 6.2 +5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.8 +6.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 7.8 +6.6
VIS Vanguard Industrials ETF 0.1 9 57 4.6 +3.3
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -29 5.3 +4.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 9.5 +8.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 6.5 +5.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 41 5.6 +4.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 33 8.4 +7.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 4.5 +3.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 46 6.2 +5.0
IVLU iShares MSCI Intl Value Factor ETF 0.0 30 36 10.4 +9.2
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 7.5 +6.3
ACWI iShares MSCI ACWI ETF 0.0 32 34 5.5 +4.2
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 5.4 +4.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.5 +4.3
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 6.0 +4.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 24 5.4 +4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 5.2 +3.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.6 +2.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 8.9 +7.7
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 8 7.0 +5.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 9.7 +8.5
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 13.7 +12.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 7.2 +5.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.6 +6.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.6 +4.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 9.9 +8.6
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 8.4 +7.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.9 +6.6
SMMD iShares Russell 2500 ETF 0.0 15 51 6.2 +4.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 6.0 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 9.0 +7.8
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.7 +6.4
TOK iShares MSCI Kokusai ETF 0.0 26 40 5.0 +3.7
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.8 +4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 11.0 +9.8
EBI Longview Advantage ETF 0.0 35 31 6.6 +5.4
PFM Invesco Dividend Achievers ETF 0.0 53 13 5.3 +4.0
URTH iShares MSCI World ETF 0.0 24 42 5.0 +3.8
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 6.8 +5.6
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.9 +5.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.0 +3.8
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.2 +6.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.6 +3.3
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.6 +4.4
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 7.1 +5.8
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 46 9.0 +7.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.0 10 56 8.1 +6.9
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 13.2 +11.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.8 +3.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 5.0 +3.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 6.8 +5.6
IWR iShares Russell Midcap ETF 0.0 19 47 5.9 +4.7
IWV iShares Russell 3000 ETF 0.0 20 46 4.7 +3.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.3 +6.0
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.8 +3.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.1 +3.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.7 +3.4
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.8 +3.5
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.8 +3.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.4 +4.1
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.8 +3.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.5 +3.3
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.5 +5.3
DIVB iShares Core Dividend ETF 0.0 5 61 8.2 +7.0
STXV Strive 1000 Value ETF 0.0 18 48 8.1 +6.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.1 +5.9
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.8 +3.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.3 +5.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.6 +5.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.9 +3.7
AVUQ Avantis U.S. Quality ETF 0.0 15 51 4.4 +3.1
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.5 +5.2
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 6.6 +5.4
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 4.1 +2.9
IWB iShares Russell 1000 ETF 0.0 15 51 4.8 +3.6
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.9 +3.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.9 +3.6
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 41 10.0 +8.8

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

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RESULTS & ESTIMATES

  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 Renewable Energy Producers ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.9 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 1.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.78 CATEGORY
AVERAGE		 1.58
 
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.