Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 18.2x P/Sales
ratio		 1.6x
P/BV
ratio		 0.9x Div.
yield		 3.9%


  • 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) $25
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 36
Wgt avg mkt cap (mns) $6,378
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
EDP RENOVAVEIS SA 7.4 %
DONG ENERGY A/S 7.1 %
CENTRAIS ELETRICAS BRASILIER 7.0 %
MERIDIAN ENERGY LTD 6.1 %
ENGIE BRASIL ENERGIA S.A. 5.9 %
VERBUND AG 5.7 %
BROOKFIELD RENEWABLE PARTNERS LP 5.3 %
ORMAT TECHNOLOGIES INC 5.0 %
MIGHTY RIVER POWER 4.6 %
CONTACT ENERGY LTD 4.3 %
Total 58.3 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 14.9 %
BRAZIL 12.9 %
UNITED STATES 10.0 %
SPAIN 8.8 %
CANADA 8.3 %
DENMARK 7.1 %
AUSTRIA 5.7 %
BERMUDA 5.3 %
CHINA 4.7 %
ISRAEL 4.7 %

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.
12.8% -1.6% -5.6% -1.2% -1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.99 48%
MSCI EAFE 0.98 50%
MSCI Emg. Mkts. 0.83 38%

Technical Indicators
Recent close $9.98
30d moving avg. $9.40
Annualized volatility 23.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 411 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™: 5.6%


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 37.3 39 27 4.0 -1.7
FAN First Trust Global Wind Energy ETF 30.9 60 6 4.5 -1.1
WNDY Global X Wind Energy ETF 27.8 50 16 5.5 -0.1
ACES ALPS Clean Energy ETF 23.4 55 11 -3.4 -9.0
ICLN iShares Global Clean Energy ETF 19.8 41 25 5.8 +0.2
PBD Invesco Global Clean Energy ETF 15.0 75 -9 0.6 -5.1
TAN Invesco Solar ETF 14.7 67 -1 7.4 +1.8
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 14.3 75 -9 7.8 +2.1
SMOG VanEck Low Carbon Energy ETF 11.4 61 5 1.6 -4.1
VCLN Virtus Duff & Phelps Clean Energy ETF 9.3 59 7 5.5 -0.1
ENZL iShares MSCI New Zealand ETF 7.8 50 16 3.6 -2.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.3 58 8 -3.0 -8.7
CNRG SPDR S&P Kensho Clean Power ETF 6.0 45 21 0.6 -5.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.8 79 -13 5.1 -0.5
ERTH Invesco MSCI Sustainable Future ETF 5.3 62 4 3.6 -2.0
PBW Invesco WilderHill Clean Energy ETF 5.1 66 0 -4.6 -10.2
ITEQ BlueStar Israel Technology ETF 5.0 75 -9 1.8 -3.8
EWO iShares MSCI Austria ETF 4.5 50 16 11.2 +5.6
RAYS Global X Solar ETF 4.3 51 15 7.1 +1.5
PID Invesco International Dividend Achievers ETF 4.3 53 13 5.5 -0.1
KGRN KraneShares MSCI China Clean Technology Index ETF 3.9 79 -13 3.6 -2.0
IDX VanEck Indonesia Index ETF 3.3 57 9 9.6 +3.9
DTEC ALPS Disruptive Technologies ETF 3.1 50 16 3.8 -1.9
ECLN First Trust EIP Carbon Impact ETF 3.1 96 -30 4.1 -1.5
XT iShares Exponential Technologies ETF 3.1 46 20 4.8 -0.8
EWZ iShares MSCI Brazil ETF 3.0 58 8 12.9 +7.3
OCEN IQ Clean Oceans ETF 3.0 45 21 6.2 +0.6
FLBR Franklin FTSE Brazil ETF 2.9 19 47 14.9 +9.3
CCNR ALPS CoreCommodity Natural Resources ETF 2.7 39 27 11.4 +5.7
FLN First Trust Latin America AlphaDEX Fund 2.6 80 -14 10.2 +4.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.6 55 11 6.4 +0.8
FXU First Trust Utilities AlphaDEX Fund 2.6 64 2 5.7 +0.1
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.6 29 37 4.6 -1.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.6 30 36 13.0 +7.3
EDEN iShares MSCI Denmark ETF 2.3 53 13 6.6 +1.0
ISRA VanEck Israel ETF 2.3 59 7 6.9 +1.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 6 10.9 +5.2
EMIF iShares Emerging Markets Infrastructure ETF 2.2 60 6 6.6 +1.0
CCSO Carbon Collective Climate Solutions US Equity ETF 2.2 35 31 1.1 -4.5
VOLT Tema Electrification ETF 2.2 75 -9 2.8 -2.8
FBZ First Trust Brazil AlphaDEX Fund 2.0 80 -14 12.0 +6.3
DIV Global X SuperDividend US ETF 2.0 45 21 11.8 +6.2
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 17 6.2 +0.6
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -17 10.4 +4.8
FICS First Trust International Developed Capital Strength ETF 1.9 70 -4 6.2 +0.6
BLLD JPMorgan Sustainable Infrastructure ETF 1.8 49 17 6.1 +0.5
TEMP JPMorgan Climate Change Solutions ETF 1.8 49 17 5.7 +0.1
GVAL Cambria Global Value ETF 1.8 68 -2 11.0 +5.4
FLLA Franklin FTSE Latin America ETF 1.7 19 47 13.3 +7.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.7 52 14 6.6 +1.0
IWTR iShares MSCI Water Management Multisector ETF 1.7 47 19 5.6 -0.0
ILF iShares Latin America 40 ETF 1.4 48 18 12.9 +7.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.3 59 7 6.4 +0.8
CLNR IQ Cleaner Transport ETF 1.3 45 21 6.6 +0.9
BRF VanEck Brazil Small-Cap ETF 1.3 66 0 11.0 +5.3
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 6 8.1 +2.5
EIS iShares MSCI Israel ETF 1.2 58 8 7.6 +1.9
XMLV Invesco S&P MidCap Low Volatility ETF 1.2 25 41 7.6 +1.9
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.2 49 17 4.4 -1.2
DISV Dimensional International Small Cap Value ETF 1.2 42 24 9.5 +3.9
HAP VanEck Natural Resources ETF 1.1 50 16 9.6 +3.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 37 8.7 +3.1
JXI iShares Global Utilities ETF 1.1 43 23 5.9 +0.3
ZAP Global X U.S. Electrification ETF 1.1 50 16 4.4 -1.3
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 7 11.9 +6.3
ETHO Etho Climate Leadership U.S. ETF 1.0 47 19 5.4 -0.2
WDIV SPDR S&P Global Dividend ETF 1.0 40 26 9.5 +3.9
WBIY WBI Power Factor High Dividend ETF 1.0 100 -34 15.2 +9.6
EWZS iShares MSCI Brazil Small-Cap ETF 1.0 59 7 10.6 +5.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 9.3 +3.7
WWJD Inspire International ETF 0.9 80 -14 7.2 +1.6
DVYE iShares Emerging Markets Dividend ETF 0.9 49 17 18.7 +13.1
KNO AXS Knowledge Leaders ETF 0.8 78 -12 6.0 +0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 7 7.4 +1.8
IJS iShares S&P Small-Cap 600 Value ETF 0.7 18 48 10.2 +4.5
DFIS Dimensional International Small Cap ETF 0.7 39 27 7.4 +1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 7.4 +1.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.7 10 56 10.2 +4.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.7 15 51 10.2 +4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 17 6.9 +1.3
AVDS Avantis International Small Cap Equity ETF 0.7 30 36 7.6 +1.9
PSCI Invesco S&P SmallCap Industrials ETF 0.7 29 37 5.5 -0.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 46 2.8 -2.9
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -14 11.7 +6.1
NORW Global X MSCI Norway ETF 0.7 50 16 10.0 +4.4
ENOR iShares MSCI Norway ETF 0.6 53 13 10.0 +4.4
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 9.6 +4.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -14 12.2 +6.6
VPU Vanguard Utilities ETF 0.6 9 57 5.4 -0.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -4 8.1 +2.4
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.8 +1.1
AVDV Avantis International Small Cap Value ETF 0.6 36 30 10.1 +4.5
AVES Avantis Emerging Markets Value ETF 0.6 36 30 11.6 +6.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 -9 9.8 +4.1
GINN Goldman Sachs Innovate Equity ETF 0.6 52 14 3.7 -2.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 54 6.1 +0.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 5.9 +0.2
FUTY Fidelity MSCI Utilities Index ETF 0.6 8 58 5.5 -0.2
TTAI FCF International Quality ETF 0.6 59 7 7.0 +1.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 8 9.0 +3.3
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 7 4.3 -1.3
IWN iShares Russell 2000 Value ETF 0.5 24 42 7.8 +2.2
VTWV Vanguard Russell 2000 Value ETF 0.5 10 56 7.9 +2.2
RCGE RockCreek Global Equality ETF 0.5 95 -29 6.3 +0.6
NUSC Nuveen ESG Small-Cap ETF 0.5 31 35 5.5 -0.2
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 14 7.0 +1.3
WCEO Hypatia Women CEO ETF 0.5 85 -19 4.4 -1.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -5 0.5 -5.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 6.6 +1.0
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 24 7.2 +1.6
BLES Inspire Global Hope ETF 0.5 61 5 6.8 +1.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 31 10.6 +5.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.8 +1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.5 80 -14 5.5 -0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 62 6.2 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.4 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 54 5.2 -0.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -13 8.7 +3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 21 10.6 +5.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 22 10.9 +5.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 31 7.8 +2.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -14 9.1 +3.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 26 7.0 +1.4
GWX SPDR S&P International Small Cap ETF 0.4 40 26 6.3 +0.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 8.1 +2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 35 6.3 +0.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 42 7.5 +1.9
STXK Strive Small-Cap ETF 0.4 18 48 6.2 +0.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 3 13.2 +7.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.9 +1.3
TRFM AAM Transformers ETF 0.4 49 17 1.5 -4.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 54 7.5 +1.9
IJR iShares Core S&P Small Cap ETF 0.3 6 60 7.9 +2.2
DXIV Dimensional International Vector Equity ETF 0.3 34 32 8.0 +2.3
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 10.1 +4.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -14 11.2 +5.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 47 6.0 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 8.2 +2.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 7 59 7.8 +2.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 63 7.9 +2.3
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 8.9 +3.2
DTH WisdomTree International High Dividend Fund 0.3 58 8 8.9 +3.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -4 3.1 -2.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 8.0 +2.3
STXE Strive Emerging Markets Ex-China ETF 0.3 32 34 7.8 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 26 7.1 +1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 42 8.2 +2.6
AVDE Avantis International Equity ETF 0.3 23 43 7.6 +2.0
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -5.6
DFSV Dimensional US Small Cap Value ETF 0.3 31 35 10.4 +4.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -14 9.7 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 42 6.4 +0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 6.6 +1.0
INTF iShares International Equity Factor ETF 0.3 15 51 7.8 +2.2
AVSD Avantis Responsible International Equity ETF 0.3 23 43 5.7 +0.0
WDNA WisdomTree BioRevolution Fund 0.3 45 21 -1.3 -6.9
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 6.3 +0.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.9 +0.3
BKF iShares MSCI BIC ETF 0.3 69 -3 13.3 +7.6
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -23 4.8 -0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 7 11.7 +6.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.9 -2.7
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.6 +1.0
RSSL Global X Russell 2000 ETF 0.3 8 58 4.5 -1.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 8.0 +2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 15.9 +10.3
IWM iShares Russell 2000 ETF 0.3 19 47 4.6 -1.0
VTWO Vanguard Russell 2000 ETF 0.3 7 59 4.6 -1.0
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.9 -3.7
DFIC Dimensional International Core Equity 2 ETF 0.2 23 43 7.6 +1.9
TPIF Timothy Plan International ETF 0.2 62 4 6.2 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.0 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 6.3 +0.6
DIM WisdomTree International MidCap Dividend Fund 0.2 58 8 7.6 +1.9
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.9 -0.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 7.0 +1.3
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 7.0 +1.4
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 6.1 +0.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 51 8.1 +2.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 9.9 +4.3
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 7.3 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 7.2 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 8.1 +2.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 8.1 +2.5
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.6 +1.0
INEQ Columbia International Equity Income ETF 0.2 45 21 8.3 +2.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 8.7 +3.1
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.4 +2.7
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 9.8 +4.2
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 6.8 +1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 9.9 +4.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 48 8.9 +3.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 51 8.9 +3.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 2.4 -3.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 5 6.4 +0.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 56 8.9 +3.3
SCHY Schwab International Dividend Equity ETF 0.2 14 52 9.6 +4.0
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 38 9.5 +3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.8 +0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 9.6 +3.9
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 7.2 +1.6
IDU iShares U.S. Utilities ETF 0.2 40 26 4.9 -0.8
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 7.3 +1.7
EFV iShares MSCI EAFE Value ETF 0.2 34 32 9.3 +3.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 10.1 +4.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 9.3 +3.7
IEUR iShares Core MSCI Europe ETF 0.2 11 55 7.3 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.7 +1.1
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 6.2 +0.6
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 7.2 +1.5
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 9.1 +3.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 10.4 +4.8
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 8.0 +2.4
VXUS Vanguard Total International Stock ETF 0.2 5 61 8.0 +2.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.2 12 54 8.2 +2.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 7.3 +1.7
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 7.5 +1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.5 -0.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 7.5 +1.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 8.1 +2.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 9.2 +3.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 7.7 +2.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 8.1 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 7.2 +1.5
VGK Vanguard FTSE Europe ETF 0.2 6 60 7.4 +1.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 6 7.7 +2.1
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 7.5 +1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 7.4 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 36 10.3 +4.7
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 10.6 +4.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 6.2 +0.6
FEP First Trust Europe AlphaDEX Fund 0.2 80 -14 9.3 +3.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.7 +0.1
AFK VanEck Africa Index ETF 0.2 98 -32 11.8 +6.2
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 11.1 +5.5
IPAC iShares Core MSCI Pacific ETF 0.2 9 57 6.7 +1.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -14 14.4 +8.8
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 9.4 +3.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 1 8.1 +2.5
SPEU SPDR Portfolio Europe ETF 0.2 7 59 7.3 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 10.0 +4.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 7.2 +1.6
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.6 +1.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 49 6.0 +0.4
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 41 6.0 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 7.6 +1.9
VB Vanguard Small-Cap ETF 0.2 5 61 6.2 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 7.2 +1.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 -3 10.3 +4.6
GXC SPDR S&P China ETF 0.1 59 7 16.4 +10.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 10 56 6.0 +0.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 51 6.0 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 46 6.5 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 62 8.2 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 6.9 +1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 51 7.6 +2.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 7.2 +1.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 9.2 +3.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 10.5 +4.9
EZU iShares MSCI Eurozone ETF 0.1 52 14 6.7 +1.0
DIHP Dimensional International High Profitability ETF 0.1 29 37 7.2 +1.5
EFA iShares MSCI EAFE ETF 0.1 35 31 6.9 +1.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 7.8 +2.2
VPL Vanguard FTSE Pacific ETF 0.1 7 59 7.1 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 7.8 +2.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 7.0 +1.3
SCHF Schwab International Equity ETF 0.1 6 60 7.4 +1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 10.5 +4.9
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.4 +1.7
XCEM Columbia EM Core ex-China ETF 0.1 16 50 8.1 +2.5
KALL KraneShares MSCI All China Index ETF 0.1 49 17 14.7 +9.1
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.2 +1.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 10.4 +4.7
BKIE BNY Mellon International Equity ETF 0.1 4 62 7.1 +1.4
DWM WisdomTree International Equity Fund 0.1 48 18 7.5 +1.8
VXF Vanguard Extended Market ETF 0.1 5 61 4.8 -0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 16.2 +10.5
IEV iShares Europe ETF 0.1 67 -1 6.9 +1.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 7.8 +2.2
HKND Humankind US Stock ETF 0.1 11 55 7.2 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 51 8.2 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 7.0 +1.4
FLEE Franklin FTSE Europe ETF 0.1 9 57 7.3 +1.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 7.8 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 7.7 +2.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 19.3 +13.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 9.4 +3.8
MCHI iShares MSCI China ETF 0.1 59 7 17.8 +12.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.6 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.6 +2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 8.9 +3.3
FENI Fidelity Enhanced International ETF 0.1 28 38 6.7 +1.1
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 8.3 +2.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 57 4.5 -1.1
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.6 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.6 +4.0
VEGN US Vegan Climate ETF 0.1 60 6 4.5 -1.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 6.7 +1.1
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.7 +3.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 8.4 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 9.9 +4.3
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.9 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 27 6.1 +0.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 6.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.9 +3.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 7.0 +1.4
IGRO iShares International Dividend Growth ETF 0.1 15 51 7.2 +1.5
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 9.4 +3.8
SFYX SoFi Next 500 ETF 0.1 0 66 6.0 +0.3
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.3 -1.3
FLCH Franklin FTSE China ETF 0.1 19 47 16.7 +11.1
IGF iShares Global Infrastructure ETF 0.1 41 25 4.8 -0.9
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.7 -0.9
VSGX Vanguard ESG International Stock ETF 0.1 10 56 7.9 +2.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 6.0 +0.3
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.7 +1.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 8.6 +3.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 42 7.9 +2.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 9.7 +4.1
VBR Vanguard Small Cap Value ETF 0.1 7 59 9.2 +3.6
VT Vanguard Total World Stock ETF 0.1 6 60 6.0 +0.4
AVIV Avantis International Large Cap Value ETF 0.1 25 41 8.9 +3.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 7.9 +2.3
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.8 +0.1
DXUV Dimensional US Vector Equity ETF 0.1 28 38 6.3 +0.7
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.1 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.5 +3.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 7.7 +2.0
DFIV Dimensional International Value ETF 0.1 27 39 10.0 +4.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.6 +5.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 9.6 +3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 6.0 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.8 +2.1
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 10.7 +5.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 8 4.7 -0.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 46 5.9 +0.3
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 9.3 +3.6
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -29 6.0 +0.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 8.0 +2.4
ACWI iShares MSCI ACWI ETF 0.0 32 34 5.7 +0.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 25 6.8 +1.2
SMMD iShares Russell 2500 ETF 0.0 15 51 6.4 +0.8
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 13.2 +7.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.7 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.6 0.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 5.5 -0.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 8.6 +3.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 24 5.4 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 5.3 -0.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 8 8.0 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 9.3 +3.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 9.6 +3.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 6.1 +0.5
TOK iShares MSCI Kokusai ETF 0.0 26 40 5.2 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.9 +0.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.6 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 10.1 +4.5
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 7.6 +1.9
URTH iShares MSCI World ETF 0.0 24 42 5.2 -0.4
EBI Longview Advantage ETF 0.0 35 31 6.7 +1.1
PFM Invesco Dividend Achievers ETF 0.0 53 13 5.3 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 9.5 +3.9
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.7 +2.1
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.8 +1.2
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 58 4.5 -1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 11.4 +5.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 6.5 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 5.8 +0.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.8 -1.8
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 6.7 +1.1
VIS Vanguard Industrials ETF 0.0 9 57 4.6 -1.0
IWR iShares Russell Midcap ETF 0.0 19 47 5.9 +0.2
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.9 +0.3
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 6.1 +0.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.0 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.7 -0.9
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.8 +0.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 7.0 +1.3
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 46 8.8 +3.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 7.1 +1.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.1 -0.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.2 +1.6
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.9 -0.7
IWV iShares Russell 3000 ETF 0.0 20 46 4.9 -0.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 5.1 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 5.0 -0.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.2 -0.4
VTI Vanguard Total Stock Market ETF 0.0 3 63 5.0 -0.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.5 -0.2
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.9 -0.7
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 13.3 +7.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.6 -1.0
DIVB iShares Core Dividend ETF 0.0 5 61 7.6 +2.0
STXV Strive 1000 Value ETF 0.0 18 48 8.1 +2.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.2 +1.6
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.8 -0.8
VTHR Vanguard Russell 3000 ETF 0.0 7 59 5.0 -0.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 6.6 +1.0
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.5 +0.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.4 +0.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.6 +1.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 5.0 -0.7
AVUQ Avantis U.S. Quality ETF 0.0 15 51 4.9 -0.8
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.5 +0.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 6.9 +1.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 4.3 -1.4
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.9 -0.8
IWB iShares Russell 1000 ETF 0.0 15 51 4.9 -0.7
VONE Vanguard Russell 1000 ETF 0.0 7 59 5.0 -0.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 5.0 -0.7
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 41 10.2 +4.6

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:

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 5.8 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.77 CATEGORY
AVERAGE		 1.57
 
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.