Global X Renewable Energy Producers ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 16.7x P/Sales
ratio		 1.8x
P/BV
ratio		 1.3x Div.
yield		 4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X YieldCo & Renewable Energy Income ETF seeks to provide investors with exposure to an emerging class of income-generating renewable energy assets called YieldCos.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 27, 2015
Assets (mns) $38
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 42
Wgt avg mkt cap (mns) $7,120
Large cap (>$10bn) 21.8%
Mid cap ($2-10bn) 65.5%
Small cap (<$2bn) 12.7%
Developed mkts 74.2%
Emerging mkts 25.8%

TOP TEN HOLDINGS
MERIDIAN ENERGY LTD 6.3 %
DONG ENERGY A/S 6.0 %
VERBUND AG 5.6 %
CENTRAIS ELETRICAS BRASILIER 5.4 %
RUSHYDRO JSC 5.4 %
EDP RENOVAVEIS SA 4.9 %
BROOKFIELD RENEWABLE PARTNERS LP 4.9 %
ENGIE BRASIL ENERGIA S.A. 4.5 %
MIGHTY RIVER POWER 4.4 %
NEOEN S.A. 4.1 %
Total 51.5 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 14.0 %
BRAZIL 10.8 %
UNITED STATES 9.1 %
DENMARK 6.0 %
SPAIN 6.0 %
CANADA 5.9 %
AUSTRIA 5.6 %
RUSSIA 5.4 %
BERMUDA 4.9 %
FRANCE 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.6% -20.2% -3.6% -- -1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.92 56%
MSCI EAFE 0.95 56%
MSCI Emg. Mkts. 0.79 41%

Technical Indicators
Recent close $9.48
30d moving avg. $10.24
Annualized volatility 21.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.3%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $618

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 408 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™: 4.9%


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 42.2 39 27 3.7 -1.2
FAN First Trust Global Wind Energy ETF 29.6 60 6 5.5 +0.6
ICLN iShares Global Clean Energy ETF 22.3 41 25 4.3 -0.6
ACES ALPS Clean Energy ETF 19.9 55 11 -5.0 -9.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 19.9 75 -9 7.8 +2.9
TAN Invesco Solar ETF 17.7 67 -1 6.2 +1.3
WNDY Global X Wind Energy ETF 17.4 50 16 5.2 +0.3
PBD Invesco Global Clean Energy ETF 16.8 75 -9 -3.9 -8.8
SMOG VanEck Low Carbon Energy ETF 13.4 61 5 3.0 -1.9
ENZL iShares MSCI New Zealand ETF 12.4 50 16 2.6 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 10.5 59 7 3.5 -1.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 8.0 58 8 -0.3 -5.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 7.7 79 -13 5.1 +0.2
RAYS Global X Solar ETF 7.5 51 15 4.7 -0.2
CNRG SPDR S&P Kensho Clean Power ETF 7.5 45 21 -7.5 -12.4
ERTH Invesco MSCI Sustainable Future ETF 7.1 62 4 3.7 -1.2
RNEW VanEck Green Infrastructure ETF 5.9 45 21 -0.4 -5.3
EWO iShares MSCI Austria ETF 5.6 50 16 12.5 +7.6
PID Invesco International Dividend Achievers ETF 5.6 53 13 6.7 +1.8
PBW Invesco WilderHill Clean Energy ETF 4.7 66 0 -19.8 -24.7
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 3.8 55 11 3.6 -1.3
ECLN First Trust EIP Carbon Impact ETF 3.7 96 -30 5.3 +0.4
OCEN IQ Clean Oceans ETF 3.4 45 21 5.3 +0.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.1 45 21 6.2 +1.3
BLLD JPMorgan Sustainable Infrastructure ETF 3.0 49 17 6.2 +1.3
DTEC ALPS Disruptive Technologies ETF 3.0 50 16 3.3 -1.6
FLBR Franklin FTSE Brazil ETF 2.9 19 47 12.4 +7.5
EWZ iShares MSCI Brazil ETF 2.9 58 8 11.9 +7.0
CCSO Carbon Collective Climate Solutions US Equity ETF 2.8 35 31 2.3 -2.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.8 49 17 5.8 +0.9
EDEN iShares MSCI Denmark ETF 2.7 53 13 6.2 +1.3
XT iShares Exponential Technologies ETF 2.7 46 20 3.9 -1.0
ISRA VanEck Israel ETF 2.7 59 7 8.9 +4.0
SXUS Janus Henderson International Sustainable Equity ETF 2.7 60 6 4.6 -0.3
BECO BlackRock Future Climate and Sustainable Economy ETF 2.6 70 -4 13.7 +8.8
KGRN KraneShares MSCI China Clean Technology Index ETF 2.5 79 -13 6.5 +1.6
ITEQ BlueStar Israel Technology ETF BlueStar Israel Technology Fu 2.3 75 -9 1.6 -3.4
EMIF iShares Emerging Markets Infrastructure ETF 2.0 60 6 4.6 -0.3
GSFP Goldman Sachs Future Planet Equity ETF 2.0 75 -9 4.5 -0.4
VRAI Virtus Real Asset Income ETF 1.9 55 11 8.6 +3.7
GREK Global X MSCI Greece ETF 1.9 57 9 -1.6 -6.5
BNE Blue Horizon BNE ETF 1.8 87 -21 5.0 +0.1
FLLA Franklin FTSE Latin America ETF 1.8 19 47 11.7 +6.8
DKRB Subversive Decarbonization ETF 1.8 75 -9 0.0 -4.9
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.8 45 21 -3.3 -8.2
EWZS iShares MSCI Brazil Small-Cap ETF 1.7 59 7 8.2 +3.3
ILF iShares Latin America 40 ETF 1.6 48 18 10.3 +5.4
JXI iShares Global Utilities ETF 1.6 43 23 6.7 +1.8
EIS iShares MSCI Israel ETF 1.6 58 8 9.5 +4.6
GVAL Cambria Global Value ETF 1.6 68 -2 12.3 +7.4
FXU First Trust Utilities AlphaDEX Fund 1.6 64 2 6.2 +1.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 12.3 +7.4
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 1.6 29 37 6.1 +1.2
YLDE ClearBridge Dividend Strategy ESG ETF 1.5 60 6 5.4 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 16 5.1 +0.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.3 52 14 6.3 +1.4
TRFM AAM Transformers ETF 1.3 49 17 1.2 -3.7
HAP VanEck Natural Resources ETF 1.3 50 16 9.5 +4.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.2 35 31 9.0 +4.1
THD iShares MSCI Thailand ETF 1.2 58 8 5.8 +0.9
DWX SPDR S&P International Dividend ETF 1.1 45 21 7.1 +2.2
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 6 9.8 +4.9
PSCI Invesco S&P SmallCap Industrials ETF 1.1 29 37 6.0 +1.1
GBUY Goldman Sachs Future Consumer Equity ETF 1.1 75 -9 3.1 -1.8
MVPS Amplify Thematic All-Stars ETF 1.0 49 17 1.7 -3.3
FDEV Fidelity International Multifactor ETF 1.0 18 48 7.5 +2.6
FDWM Fidelity Women's Leadership ETF 1.0 59 7 4.8 -0.1
IWTR iShares MSCI Water Management Multisector ETF 1.0 47 19 4.8 -0.1
EMLP First Trust North American Energy Infrastructure Fund 1.0 95 -29 5.4 +0.5
SDIV Global X Superdividend ETF 0.9 58 8 17.6 +12.7
TEMP JPMorgan Climate Change Solutions ETF 0.9 49 17 4.7 -0.3
GLIF AGF Global Infrastructure ETF 0.9 45 21 5.5 +0.6
OALC OneAscent Large Cap Core ETF 0.9 86 -20 5.9 +1.0
WDIV SPDR S&P Global Dividend ETF 0.9 40 26 10.2 +5.3
FUTY Fidelity MSCI Utilities Index ETF 0.9 8 58 6.3 +1.4
BRF VanEck Brazil Small-Cap ETF 0.8 66 0 7.9 +3.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 1 8.4 +3.5
IEUS iShares MSCI Europe Small-Cap ETF 0.8 42 24 0.0 -4.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 17 6.7 +1.8
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 16.6 +11.7
CLNR IQ Cleaner Transport ETF 0.8 45 21 8.3 +3.4
NUSC Nuveen ESG Small-Cap ETF 0.8 31 35 5.2 +0.3
VPU Vanguard Utilities ETF 0.8 10 56 6.2 +1.3
IJS iShares S&P Small-Cap 600 Value ETF 0.7 18 48 9.3 +4.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.7 15 51 9.4 +4.5
CHGX AXS Change Finance ESG ETF 0.7 49 17 5.1 +0.2
SCHC Schwab International Small-Cap Equity ETF 0.7 11 55 6.4 +1.5
WWJD Inspire International ETF 0.7 80 -14 7.1 +2.2
ECNS iShares MSCI China Small-Cap ETF 0.7 59 7 14.2 +9.3
WBIY WBI Power Factor High Dividend ETF 0.7 100 -34 11.0 +6.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.7 40 26 0.0 -4.9
ISZE iShares MSCI Intl Size Factor ETF 0.7 30 36 6.6 +1.7
DFIS Dimensional International Small Cap ETF 0.7 39 27 6.7 +1.8
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.6 18 48 7.9 +3.0
CID VictoryShares International High Div Volatility Wtd ETF 0.6 45 21 9.5 +4.6
ARB AltShares Merger Arbitrage ETF 0.6 77 -11 -0.2 -5.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 47 5.8 +0.9
FBZ First Trust Brazil AlphaDEX Fund 0.6 80 -14 11.9 +7.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.6 58 8 9.1 +4.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 6.9 +2.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.6 20 46 2.1 -2.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 59 6.5 +1.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.6 35 31 10.5 +5.6
TTAI FCF International Quality ETF 0.6 59 7 7.4 +2.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.7 +0.8
STXK Strive Small-Cap ETF 0.6 18 48 5.5 +0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.6 29 37 8.3 +3.4
EWUS iShares MSCI United Kingdom Small Cap ETF 0.5 59 7 6.2 +1.3
AVDV Avantis International Small Cap Value ETF 0.5 36 30 8.0 +3.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 4.5 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 0.5 80 -14 16.3 +11.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 5.1 +0.2
ESGN Columbia International ESG Equity Income ETF 0.5 45 21 9.0 +4.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.5 45 21 12.7 +7.8
IGRO iShares International Dividend Growth ETF 0.5 15 51 7.1 +2.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.5 59 7 8.5 +3.6
FEUZ First Trust Eurozone AlphaDEX ETF 0.5 80 -14 8.3 +3.4
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 8 8.8 +3.9
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 2.7 -2.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -13 10.3 +5.4
ENOR iShares MSCI Norway ETF 0.4 53 13 7.6 +2.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.4 49 17 4.8 -0.1
NORW Global X MSCI Norway ETF 0.4 50 16 7.5 +2.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -14 14.2 +9.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 21 4.9 0.0
FSST Fidelity Sustainable U.S. Equity ETF 0.4 59 7 4.9 +0.0
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.4 +0.5
INTF iShares International Equity Factor ETF 0.4 15 51 7.8 +2.9
WDNA WisdomTree BioRevolution Fund 0.4 45 21 -4.5 -9.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 29 4.8 -0.1
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 24 6.2 +1.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -14 11.0 +6.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 46 6.9 +2.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 46 6.0 +1.1
BKF iShares MSCI BIC ETF 0.4 69 -3 7.1 +2.2
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.3 +1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.4 48 18 9.4 +4.5
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 6.2 +1.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 8.2 +3.3
IJR iShares Core S&P Small Cap ETF 0.4 6 60 8.2 +3.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 49 5.4 +0.5
BLES Inspire Global Hope ETF 0.4 61 5 6.3 +1.4
FEP First Trust Europe AlphaDEX Fund 0.4 80 -14 8.6 +3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 7.3 +2.4
IDU iShares U.S. Utilities ETF 0.3 40 26 5.5 +0.6
SMDY Syntax Stratified MidCap ETF 0.3 35 31 6.3 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 34 7.6 +2.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.3 80 -14 6.5 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 51 7.1 +2.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 3 12.9 +8.0
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 7.7 +2.8
TPIF Timothy Plan International ETF 0.3 62 4 6.7 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 15 51 7.6 +2.7
AVDE Avantis International Equity ETF 0.3 23 43 7.9 +3.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 57 8.0 +3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 35 6.4 +1.5
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 5.4 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 62 6.7 +1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 48 8.2 +3.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 51 8.2 +3.3
IEUR iShares Core MSCI Europe ETF 0.3 11 55 -1.3 -6.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 52 6.2 +1.3
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 73 -7 11.7 +6.8
VBK Vanguard Small-Cap Growth ETF 0.3 7 59 1.5 -3.5
DTH WisdomTree International High Dividend Fund 0.3 58 8 10.1 +5.2
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 7.4 +2.5
DISV Dimensional International Small Cap Value ETF 0.3 42 24 9.2 +4.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.0 +1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 12.4 +7.5
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 4.9 -0.0
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 14 7.6 +2.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 41 8.8 +3.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 8.2 +3.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.3 45 21 6.2 +1.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 17 8.3 +3.4
VGK Vanguard FTSE Europe ETF 0.3 11 55 6.8 +1.9
SFYX SoFi Next 500 ETF 0.2 0 66 5.6 +0.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 2.7 -2.2
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.6 +1.7
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 24 7.5 +2.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 31 7.6 +2.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.8 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.9 +2.0
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 28 8.6 +3.7
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 36 5.7 +0.8
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 58 7.6 +2.7
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 7.6 +2.7
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.8 +3.9
VXUS Vanguard Total International Stock ETF 0.2 7 59 7.1 +2.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -4 7.2 +2.3
VEA Vanguard FTSE Developed Markets ETF 0.2 5 61 7.0 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 30 6.8 +1.9
ETHO Etho Climate Leadership U.S. ETF 0.2 47 19 4.1 -0.9
VYMI Vanguard International High Dividend Yield ETF 0.2 22 44 9.7 +4.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.5 +2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 7.2 +2.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 6.7 +1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.7 +0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 56 6.9 +2.0
GWX SPDR S&P International Small Cap ETF 0.2 40 26 6.6 +1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 42 8.6 +3.7
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 6.9 +2.0
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.2 51 15 6.8 +1.9
AVES Avantis Emerging Markets Value ETF 0.2 36 30 12.1 +7.2
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.9 +2.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 51 7.4 +2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.4 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 6.9 +2.0
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 57 7.5 +2.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 7.7 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 22 10.3 +5.4
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 60 8.1 +3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 12.5 +7.6
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 7.7 +2.8
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 7.0 +2.1
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.4 +1.5
EWC iShares MSCI Canada ETF 0.2 50 16 6.9 +2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 8 10.1 +5.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 7.8 +2.9
IWO iShares Russell 2000 Growth ETF 0.2 24 42 1.4 -3.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 31 6.4 +1.5
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 51 1.7 -3.2
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.3 +0.4
DFSV Dimensional US Small Cap Value ETF 0.2 31 35 8.9 +4.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 58 7.2 +2.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 54 7.7 +2.8
FLEE Franklin FTSE Europe ETF 0.2 9 57 6.8 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.6 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 7.6 +2.7
FLEU Franklin FTSE Eurozone ETF 0.2 9 57 6.7 +1.8
EFV iShares MSCI EAFE Value ETF 0.2 34 32 9.1 +4.2
BKIE BNY Mellon International Equity ETF 0.2 4 62 6.9 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 46 6.7 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 9.6 +4.7
IQIN IQ 500 International ETF 0.2 25 41 8.8 +3.9
RNMC First Trust Mid Cap US Equity Select ETF 0.2 60 6 7.9 +3.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 8.6 +3.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 60 2.5 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 25 6.7 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 32 6.7 +1.8
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 57 6.7 +1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 46 6.3 +1.4
SCHF Schwab International Equity ETF 0.2 6 60 7.0 +2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 20 6.3 +1.4
IPAC iShares Core MSCI Pacific ETF 0.2 9 57 6.7 +1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 25 7.8 +2.9
EZU iShares MSCI Eurozone ETF 0.2 52 14 6.2 +1.3
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 6.1 +1.2
ITAN Sparkline Intangible Value ETF 0.2 50 16 6.2 +1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -17 9.0 +4.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 6.8 +1.9
EFA iShares MSCI EAFE ETF 0.2 35 31 6.4 +1.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 6.2 +1.3
AVEM Avantis Emerging Markets Equity ETF 0.2 33 33 9.1 +4.2
IEV iShares Europe ETF 0.2 67 -1 6.1 +1.2
RNSC Furst Trust Small Cap US Equity Select ETF 0.2 60 6 8.4 +3.5
GXC SPDR S&P China ETF 0.2 59 7 9.0 +4.1
KALL KraneShares MSCI All China Index ETF 0.2 49 17 9.4 +4.5
VPL Vanguard FTSE Pacific ETF 0.2 8 58 7.0 +2.1
VTWO Vanguard Russell 2000 ETF 0.2 10 56 3.9 -1.0
IWM iShares Russell 2000 ETF 0.2 19 47 3.6 -1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 30 6.4 +1.5
VB Vanguard Small-Cap ETF 0.2 5 61 5.4 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.2 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 28 8.2 +3.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 30 4.1 -0.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 15 51 6.4 +1.5
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 54 6.8 +1.9
AVIV Avantis International Large Cap Value ETF 0.1 25 41 8.9 +4.0
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -9 8.2 +3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 7.7 +2.8
SCHY Schwab International Dividend Equity ETF 0.1 14 52 9.3 +4.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 51 5.8 +0.9
MCHI iShares MSCI China ETF 0.1 59 7 8.9 +4.0
MDY SPDR S&P Midcap 400 ETF Trust 0.1 23 43 6.8 +1.9
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.4 +2.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 63 7.0 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 6.7 +1.8
SSLY Syntax Stratified SmallCap ETF 0.1 40 26 7.5 +2.6
IJH iShares Core S&P Mid-Cap ETF 0.1 5 61 6.9 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 5 7.2 +2.3
DEW WisdomTree Global High Dividend Fund 0.1 58 8 9.1 +4.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.8 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 36 7.5 +2.6
AFK VanEck Africa Index ETF 0.1 98 -32 10.0 +5.1
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.1 35 31 5.4 +0.5
VXF Vanguard Extended Market ETF 0.1 6 60 3.9 -1.0
DWM WisdomTree International Equity Fund 0.1 48 18 7.8 +2.9
VSGX Vanguard ESG International Stock ETF 0.1 12 54 6.8 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 10.6 +5.7
DIM WisdomTree International MidCap Dividend Fund 0.1 58 8 7.7 +2.8
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.6 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 8.8 +3.9
IWN iShares Russell 2000 Value ETF 0.1 24 42 5.6 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.8 +2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.5 +3.6
VTWV Vanguard Russell 2000 Value ETF 0.1 15 51 5.8 +0.9
DHS WisdomTree U.S. High Dividend Fund 0.1 38 28 8.8 +3.9
FLCH Franklin FTSE China ETF 0.1 19 47 9.6 +4.7
STXE Strive Emerging Markets Ex-China ETF 0.1 32 34 6.9 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 8.5 +3.6
IGF iShares Global Infrastructure ETF 0.1 41 25 5.0 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 26 7.1 +2.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 6.8 +1.9
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 5.0 +0.1
QINT American Century Quality Diversified International ETF 0.1 39 27 7.4 +2.5
DIHP Dimensional International High Profitability ETF 0.1 29 37 6.9 +2.0
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.1 +3.2
VT Vanguard Total World Stock ETF 0.1 7 59 5.8 +0.9
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.8 +0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 34 6.3 +1.4
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.7 +2.8
GLOF iShares Global Equity Factor ETF 0.1 20 46 7.1 +2.2
DWMF WisdomTree International Multifactor Fund 0.1 38 28 7.3 +2.4
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 10.0 +5.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 7.5 +2.6
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 8.2 +3.3
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 16 6.4 +1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 37 9.1 +4.2
CN Xtrackers MSCI All China Equity ETF 0.1 50 16 8.7 +3.8
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 8.4 +3.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 8 7.2 +2.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.1 24 42 8.0 +3.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 6.4 +1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 8 4.6 -0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 5.1 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 17 6.7 +1.8
SMMD iShares Russell 2500 ETF 0.1 15 51 6.0 +1.1
VBR Vanguard Small Cap Value ETF 0.1 7 59 8.2 +3.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 7.5 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -4 6.3 +1.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -4 4.6 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 47 7.2 +2.3
ACWI iShares MSCI ACWI ETF 0.1 32 34 5.5 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 9.1 +4.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 27 9.4 +4.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 41 5.7 +0.8
XCEM Columbia EM Core ex-China ETF 0.1 16 50 7.4 +2.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 43 6.6 +1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 9.2 +4.3
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 4.7 -0.2
DFIV Dimensional International Value ETF 0.1 27 39 9.8 +4.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 57 5.5 +0.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -23 4.8 -0.1
TOK iShares MSCI Kokusai ETF 0.1 26 40 5.3 +0.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 57 4.0 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 8.0 +3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.7 +0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 46 7.5 +2.6
VIS Vanguard Industrials ETF 0.0 10 56 4.5 -0.4
URTH iShares MSCI World ETF 0.0 24 42 5.4 +0.5
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 7.7 +2.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.0 18 48 7.6 +2.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.0 20 46 10.7 +5.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.7 +0.8
IWR iShares Russell Midcap ETF 0.0 19 47 5.7 +0.8
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.7 +2.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 8.7 +3.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 25 7.3 +2.4
JPXN iShares JPX-Nikkei 400 ETF 0.0 48 18 7.5 +2.6
AVUS Avantis U.S. Equity ETF 0.0 15 51 6.0 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 7.4 +2.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.6 +2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.9 -1.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 52 5.4 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 10.5 +5.6
TXS Texas Capital Texas Equity Index ETF 0.0 49 17 5.6 +0.7
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 24 6.6 +1.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.5 +1.6
VONV Vanguard Russell 1000 Value ETF 0.0 8 58 6.7 +1.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.3 +2.4
STXV Strive 1000 Value ETF 0.0 18 48 7.8 +2.9
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.6 +1.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.4 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 6.1 +1.2
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.7 +0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 6.3 +1.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.1 +2.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 5.2 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 5.1 +0.2
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.8 +1.9
IWV iShares Russell 3000 ETF 0.0 20 46 5.0 +0.1
VTHR Vanguard Russell 3000 ETF 0.0 10 56 5.1 +0.2
VTI Vanguard Total Stock Market ETF 0.0 3 63 5.1 +0.2
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.6 +0.7
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 5.1 +0.2
DFUS Dimensional U.S. Equity ETF 0.0 9 57 5.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 5.1 +0.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.4 +0.5
VEGN US Vegan Climate ETF 0.0 60 6 4.7 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 5.2 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 7.3 +2.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.9 0.0
HEDJ WisdomTree Europe Hedged Equity Fund 0.0 58 8 8.4 +3.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.0 32 34 6.7 +1.8
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 10.9 +6.0
DIVB iShares Core Dividend ETF 0.0 5 61 8.0 +3.1
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -9 3.8 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 7.1 +2.2
VONE Vanguard Russell 1000 ETF 0.0 8 58 5.2 +0.3
IYY iShares Dow Jones U.S. ETF 0.0 20 46 5.1 +0.2
IWB iShares Russell 1000 ETF 0.0 15 51 5.1 +0.2
SCHK Schwab 1000 Index ETF 0.0 5 61 5.3 +0.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.1 +2.2
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 38 6.2 +1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 7.1 +2.2
STXG Strive 1000 Growth ETF 0.0 18 48 4.2 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.5 -0.4

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 Renewable Energy Producers 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 7.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.50
 
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.