Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 15.7x P/Sales
ratio		 1.8x
P/BV
ratio		 1.2x Div.
yield		 4.6%


  • 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) $31
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 40
Wgt avg mkt cap (mns) $7,767
Large cap (>$10bn) 25.6%
Mid cap ($2-10bn) 61.7%
Small cap (<$2bn) 11.8%
Developed mkts 78.0%
Emerging mkts 22.0%

TOP TEN HOLDINGS
DONG ENERGY A/S 6.4 %
VERBUND AG 6.3 %
CENTRAIS ELETRICAS BRASILIER 6.0 %
MERIDIAN ENERGY LTD 5.7 %
BARITO RENEWABLE 5.5 %
EDP RENOVAVEIS SA 5.2 %
BROOKFIELD RENEWABLE PARTNERS LP 4.9 %
NEOEN S.A. 4.9 %
MIGHTY RIVER POWER 4.6 %
RUSHYDRO JSC 4.3 %
Total 53.7 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.6 %
BRAZIL 10.0 %
UNITED STATES 9.4 %
DENMARK 6.4 %
AUSTRIA 6.3 %
SPAIN 6.3 %
CANADA 6.0 %
INDONESIA 5.5 %
BERMUDA 5.0 %
BRITAIN 4.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.6% 4.9% -5.9% -- -1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.94 49%
MSCI EAFE 1.03 61%
MSCI Emg. Mkts. 0.84 39%

Technical Indicators
Recent close $9.14
30d moving avg. $10.20
Annualized volatility 23.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $472

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 427 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™: 5.5%


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 38.2 39 27 2.6 -3.0
FAN First Trust Global Wind Energy ETF 29.2 60 6 5.5 +0.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 22.5 75 -9 7.9 +2.4
ACES ALPS Clean Energy ETF 20.3 55 11 -4.4 -9.9
ICLN iShares Global Clean Energy ETF 20.3 41 25 6.0 +0.5
WNDY Global X Wind Energy ETF 18.8 50 16 6.1 +0.6
TAN Invesco Solar ETF 18.0 67 -1 10.4 +4.9
PBD Invesco Global Clean Energy ETF 15.2 75 -9 -5.3 -10.8
SMOG VanEck Low Carbon Energy ETF 13.0 61 5 2.4 -3.2
CNRG SPDR S&P Kensho Clean Power ETF 8.8 45 21 2.8 -2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 8.6 59 7 3.9 -1.7
ENZL iShares MSCI New Zealand ETF 7.2 50 16 3.7 -1.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 7.2 79 -13 5.1 -0.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.1 58 8 -3.0 -8.5
EWO iShares MSCI Austria ETF 6.3 50 16 14.1 +8.5
RNEW VanEck Green Infrastructure ETF 6.1 45 21 -1.5 -7.0
ERTH Invesco MSCI Sustainable Future ETF 5.5 62 4 3.6 -1.9
RAYS Global X Solar ETF 4.9 51 15 6.9 +1.4
ITEQ BlueStar Israel Technology ETF 4.7 75 -9 1.2 -4.4
BLLD JPMorgan Sustainable Infrastructure ETF 4.3 49 17 5.7 +0.2
PID Invesco International Dividend Achievers ETF 4.3 53 13 7.0 +1.5
IDX VanEck Indonesia Index ETF 4.2 57 9 8.8 +3.2
PBW Invesco WilderHill Clean Energy ETF 4.0 66 0 -13.7 -19.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 3.9 55 11 2.9 -2.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.5 45 21 5.7 +0.2
ECLN First Trust EIP Carbon Impact ETF 3.4 96 -30 4.3 -1.2
KGRN KraneShares MSCI China Clean Technology Index ETF 3.2 79 -13 5.6 +0.1
DTEC ALPS Disruptive Technologies ETF 3.1 50 16 3.7 -1.8
OCEN IQ Clean Oceans ETF 3.0 45 21 6.1 +0.6
SXUS Janus Henderson International Sustainable Equity ETF 3.0 60 6 4.2 -1.3
BECO BlackRock Future Climate and Sustainable Economy ETF 2.9 70 -4 11.9 +6.4
EDEN iShares MSCI Denmark ETF 2.8 53 13 6.9 +1.4
TEMP JPMorgan Climate Change Solutions ETF 2.8 49 17 5.5 -0.0
FLBR Franklin FTSE Brazil ETF 2.7 19 47 13.2 +7.7
XT iShares Exponential Technologies ETF 2.7 46 20 4.8 -0.7
CCNR ALPS CoreCommodity Natural Resources ETF 2.7 39 27 11.0 +5.5
CCSO Carbon Collective Climate Solutions US Equity ETF 2.6 35 31 1.9 -3.6
EWZ iShares MSCI Brazil ETF 2.6 58 8 10.4 +4.9
EMIF iShares Emerging Markets Infrastructure ETF 2.4 60 6 8.5 +3.0
ISRA VanEck Israel ETF 2.4 59 7 8.0 +2.5
GSFP Goldman Sachs Future Planet Equity ETF 2.2 75 -9 4.2 -1.3
GREK Global X MSCI Greece ETF 2.0 57 9 -4.0 -9.5
VRAI Virtus Real Asset Income ETF 2.0 55 11 8.0 +2.5
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -17 11.1 +5.6
BNE Blue Horizon BNE ETF 2.0 87 -21 4.6 -0.9
FXU First Trust Utilities AlphaDEX Fund 1.9 64 2 5.5 -0.0
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 1.9 29 37 0.0 -5.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.9 30 36 10.0 +4.5
SDG iShares MSCI Global Sustainable Development Goals ETF 1.8 49 17 5.6 +0.1
GVAL Cambria Global Value ETF 1.8 68 -2 13.1 +7.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.7 39 27 12.1 +6.5
FLLA Franklin FTSE Latin America ETF 1.7 19 47 13.2 +7.6
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.6 45 21 -6.9 -12.4
YLDE ClearBridge Dividend Strategy ESG ETF 1.5 60 6 4.9 -0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 14 5.3 -0.2
ERNZ TrueShares Active Yield ETF 1.5 75 -9 10.9 +5.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.4 49 17 4.4 -1.1
IWTR iShares MSCI Water Management Multisector ETF 1.4 47 19 5.0 -0.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.4 59 7 3.9 -1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 16 5.3 -0.2
HAP VanEck Natural Resources ETF 1.4 50 16 10.0 +4.5
ILF iShares Latin America 40 ETF 1.4 48 18 10.4 +4.9
JXI iShares Global Utilities ETF 1.3 43 23 5.9 +0.4
EIS iShares MSCI Israel ETF 1.3 58 8 8.5 +3.0
CLNR IQ Cleaner Transport ETF 1.3 45 21 6.8 +1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.2 29 37 8.7 +3.2
GBUY Goldman Sachs Future Consumer Equity ETF 1.2 75 -9 3.3 -2.2
WCEO Hypatia Women CEO ETF 1.1 85 -19 4.2 -1.3
KOMP SPDR S&P Kensho New Economies Composite ETF 1.1 20 46 1.0 -4.5
WWJD Inspire International ETF 1.0 80 -14 7.3 +1.8
CHGX AXS Change Finance ESG ETF 1.0 49 17 5.3 -0.2
FDEV Fidelity International Multifactor ETF 1.0 18 48 7.8 +2.3
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 6 9.0 +3.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 5.2 -0.3
PSCI Invesco S&P SmallCap Industrials ETF 0.8 29 37 5.2 -0.3
CID VictoryShares International High Div Volatility Wtd ETF 0.8 45 21 11.9 +6.4
FUTY Fidelity MSCI Utilities Index ETF 0.8 8 58 5.4 -0.1
WDIV SPDR S&P Global Dividend ETF 0.8 40 26 9.4 +3.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 27 7.2 +1.7
FDWM Fidelity Women's Leadership ETF 0.8 59 7 4.7 -0.8
EIPI FT Energy Income Partners Enhanced Income ETF 0.8 110 -44 5.1 -0.4
NUSC Nuveen ESG Small-Cap ETF 0.8 31 35 5.0 -0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 17 7.0 +1.5
DFIS Dimensional International Small Cap ETF 0.7 39 27 6.9 +1.4
WBIY WBI Power Factor High Dividend ETF 0.7 100 -34 11.2 +5.7
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 24 6.4 +0.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 7 5.8 +0.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.7 12 54 5.9 +0.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 62 4.8 -0.8
TRFM AAM Transformers ETF 0.7 49 17 2.0 -3.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 8.2 +2.7
DVYE iShares Emerging Markets Dividend ETF 0.7 49 17 18.8 +13.3
ECNS iShares MSCI China Small-Cap ETF 0.7 59 7 14.2 +8.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.7 15 51 7.4 +1.9
VPU Vanguard Utilities ETF 0.6 10 56 5.4 -0.1
EMLP First Trust North American Energy Infrastructure Fund 0.6 95 -29 4.5 -1.0
IJS iShares S&P Small-Cap 600 Value ETF 0.6 18 48 7.4 +1.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 47 5.4 -0.1
DISV Dimensional International Small Cap Value ETF 0.6 42 24 9.1 +3.6
SDIV Global X Superdividend ETF 0.6 58 8 14.9 +9.4
CVY Invesco Zacks Multi-Asset Income ETF 0.6 106 -40 9.8 +4.3
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.6 +1.1
SLYV SPDR S&P 600 Small Cap Value ETF 0.6 15 51 7.4 +1.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.6 58 8 9.2 +3.7
GINN Goldman Sachs Innovate Equity ETF 0.6 52 14 2.8 -2.8
FLN First Trust Latin America AlphaDEX Fund 0.6 80 -14 8.4 +2.9
BRF VanEck Brazil Small-Cap ETF 0.6 66 0 9.7 +4.2
EWZS iShares MSCI Brazil Small-Cap ETF 0.6 59 7 10.9 +5.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 26 6.6 +1.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -4 2.7 -2.8
TTAI FCF International Quality ETF 0.6 59 7 5.6 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 26 8.3 +2.8
AVDV Avantis International Small Cap Value ETF 0.6 36 30 8.1 +2.6
DLS WisdomTree International SmallCap Dividend Fund 0.6 58 8 8.8 +3.3
FBZ First Trust Brazil AlphaDEX Fund 0.6 80 -14 13.3 +7.8
ENOR iShares MSCI Norway ETF 0.5 53 13 7.5 +2.0
NORW Global X MSCI Norway ETF 0.5 50 16 7.6 +2.1
AVES Avantis Emerging Markets Value ETF 0.5 36 30 11.6 +6.1
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 7 2.4 -3.1
STXK Strive Small-Cap ETF 0.5 18 48 5.0 -0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 4.1 -1.4
BLES Inspire Global Hope ETF 0.5 61 5 6.4 +0.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -13 10.3 +4.8
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.5 18 48 6.8 +1.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 21 -0.6 -6.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 31 8.1 +2.6
IWN iShares Russell 2000 Value ETF 0.5 24 42 4.8 -0.7
VTWV Vanguard Russell 2000 Value ETF 0.5 15 51 4.9 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 18 8.8 +3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.5 31 35 6.7 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 59 6.7 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 0.5 25 41 6.2 +0.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 42 7.0 +1.5
EIPX FT Energy Income Partners Strategy ETF 0.5 95 -29 6.0 +0.5
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 14 6.5 +1.0
SSLY Syntax Stratified SmallCap ETF 0.5 40 26 7.4 +1.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 31 6.2 +0.7
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.5 42 24 6.1 +0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 46 6.9 +1.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.9 +1.4
WDNA WisdomTree BioRevolution Fund 0.4 45 21 -3.8 -9.3
AVSD Avantis Responsible International Equity ETF 0.4 23 43 7.1 +1.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -23 4.9 -0.6
INTF iShares International Equity Factor ETF 0.4 15 51 8.2 +2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 27 7.4 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 6.5 +1.0
BDFIX Baron Discovery 0.4 75 -9 0.2 -5.3
PUI Invesco Dorsey Wright Utilities Momentum ETF 0.4 60 6 5.4 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 4.9 -0.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 54 7.0 +1.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -14 10.8 +5.3
CZA Invesco Zacks Mid-Cap ETF 0.3 72 -6 5.6 +0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 54 4.8 -0.7
GWX SPDR S&P International Small Cap ETF 0.3 40 26 6.5 +1.0
IJR iShares Core S&P Small Cap ETF 0.3 6 60 6.6 +1.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -14 12.3 +6.8
FEM First Trust Emerging Markets AlphaDEX Fund 0.3 80 -14 13.0 +7.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 10 56 6.6 +1.1
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 7.7 +2.2
AVDE Avantis International Equity ETF 0.3 23 43 8.1 +2.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 63 6.7 +1.2
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 7.1 +1.6
STXE Strive Emerging Markets Ex-China ETF 0.3 32 34 7.0 +1.5
IQIN IQ 500 International ETF 0.3 25 41 9.2 +3.7
VYMI Vanguard International High Dividend Yield ETF 0.3 22 44 9.8 +4.3
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 4.4 -1.1
DTH WisdomTree International High Dividend Fund 0.3 58 8 10.1 +4.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 22 10.6 +5.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 3 18.9 +13.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 48 6.9 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 52 6.2 +0.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 34 6.9 +1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 51 7.0 +1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 15 51 7.0 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 37 8.6 +3.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 4.7 -0.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 41 7.2 +1.7
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 7.7 +2.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 6.0 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.3 45 21 6.5 +1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.3 80 -14 5.8 +0.3
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 43 9.1 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 62 7.1 +1.6
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.5 -0.0
IEUR iShares Core MSCI Europe ETF 0.3 11 55 7.1 +1.6
TPIF Timothy Plan International ETF 0.3 62 4 6.8 +1.3
SMDY Syntax Stratified MidCap ETF 0.3 35 31 5.8 +0.2
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.3 35 31 4.6 -1.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 57 3.3 -2.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 57 8.1 +2.6
VBK Vanguard Small-Cap Growth ETF 0.3 7 59 1.1 -4.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 54 7.4 +1.9
BKF iShares MSCI BIC ETF 0.3 69 -3 6.9 +1.4
IQSI IQ Candriam International Equity ETF 0.3 15 51 6.6 +1.1
IWM iShares Russell 2000 ETF 0.2 19 47 2.8 -2.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 51 7.5 +1.9
RSSL Global X Russell 2000 ETF 0.2 8 58 2.6 -2.9
VTWO Vanguard Russell 2000 ETF 0.2 10 56 2.9 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 7.6 +2.0
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 7.3 +1.8
SPEU SPDR Portfolio Europe ETF 0.2 7 59 7.1 +1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 7.0 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 11.3 +5.8
VGK Vanguard FTSE Europe ETF 0.2 11 55 7.1 +1.6
THD iShares MSCI Thailand ETF 0.2 58 8 6.1 +0.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 60 2.3 -3.3
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 7.1 +1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 6 6.8 +1.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 8.0 +2.5
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -14 6.7 +1.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.5 +0.0
FLEE Franklin FTSE Europe ETF 0.2 9 57 7.2 +1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 42 8.7 +3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 30 6.5 +1.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 51 6.8 +1.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 7.2 +1.7
VEA Vanguard FTSE Developed Markets ETF 0.2 5 61 7.3 +1.8
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.2 35 31 7.4 +1.9
EQIN Columbia US Equity Income ETF 0.2 35 31 8.3 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 46 7.0 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 8.2 +2.7
EFV iShares MSCI EAFE Value ETF 0.2 34 32 9.4 +3.9
VXUS Vanguard Total International Stock ETF 0.2 7 59 7.2 +1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 17 12.2 +6.7
ETHO Etho Climate Leadership U.S. ETF 0.2 47 19 3.4 -2.1
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.3 -0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 6.5 +1.0
KALL KraneShares MSCI All China Index ETF 0.2 49 17 9.0 +3.5
HKND Humankind US Stock ETF 0.2 11 55 7.1 +1.6
BKIE BNY Mellon International Equity ETF 0.2 4 62 7.1 +1.6
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 5.1 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 7.2 +1.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.3 +0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 31 6.6 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 57 7.1 +1.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 20 6.5 +1.0
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 7.0 +1.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.2 51 15 7.1 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 9.9 +4.4
RNSC Furst Trust Small Cap US Equity Select ETF 0.2 60 6 6.8 +1.3
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 41 4.7 -0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 7.1 +1.6
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 4.8 -0.8
FLEU Franklin FTSE Eurozone ETF 0.2 9 57 7.3 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 7.5 +2.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 8.4 +2.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 30 6.6 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 25 7.4 +1.9
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 6.6 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 46 6.5 +1.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -4 7.7 +2.2
SCHF Schwab International Equity ETF 0.2 6 60 7.5 +2.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 1.8 -3.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 58 7.3 +1.7
EZU iShares MSCI Eurozone ETF 0.2 52 14 6.6 +1.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 7.1 +1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.8 +2.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.3 -0.2
OALC OneAscent Large Cap Core ETF 0.2 86 -20 4.3 -1.2
IEV iShares Europe ETF 0.2 67 -1 6.6 +1.1
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 58 6.9 +1.4
IPAC iShares Core MSCI Pacific ETF 0.2 9 57 7.2 +1.7
EFA iShares MSCI EAFE ETF 0.2 35 31 6.9 +1.4
DFSV Dimensional US Small Cap Value ETF 0.2 31 35 8.3 +2.7
DIHP Dimensional International High Profitability ETF 0.2 29 37 7.6 +2.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 6.6 +1.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 6.3 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.2 -0.4
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 6.5 +1.0
IDU iShares U.S. Utilities ETF 0.2 40 26 4.8 -0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 10.2 +4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 10.0 +4.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.2 24 42 7.3 +1.8
GXC SPDR S&P China ETF 0.2 59 7 8.3 +2.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 6.7 +1.2
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 36 6.2 +0.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.7 +1.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 51 4.6 -0.9
DWMF WisdomTree International Multifactor Fund 0.2 38 28 7.4 +1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 51 7.2 +1.7
FENI Fidelity Enhanced International ETF 0.2 28 38 8.1 +2.5
AVEM Avantis Emerging Markets Equity ETF 0.2 33 33 8.9 +3.4
VB Vanguard Small-Cap ETF 0.1 5 61 4.9 -0.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -4 3.5 -2.0
MDY SPDR S&P Midcap 400 ETF Trust 0.1 24 42 6.2 +0.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 7.2 +1.7
IJH iShares Core S&P Mid-Cap ETF 0.1 5 61 6.4 +0.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 -3 6.9 +1.4
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 7.5 +1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 7.0 +1.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 63 6.4 +0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 10 56 6.4 +0.9
VPL Vanguard FTSE Pacific ETF 0.1 8 58 7.7 +2.2
FLCH Franklin FTSE China ETF 0.1 19 47 8.8 +3.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.9 +1.4
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 7.8 +2.2
ITAN Sparkline Intangible Value ETF 0.1 50 16 5.9 +0.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 31 7.3 +1.8
AIEQ AI Powered Equity ETF 0.1 75 -9 3.9 -1.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 12.5 +7.0
DHS WisdomTree U.S. High Dividend Fund 0.1 38 28 7.6 +2.0
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.8 +1.3
AFK VanEck Africa Index ETF 0.1 98 -32 9.1 +3.6
DWM WisdomTree International Equity Fund 0.1 48 18 8.0 +2.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 7.4 +1.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.8 +2.3
SCHY Schwab International Dividend Equity ETF 0.1 14 52 9.3 +3.8
MCHI iShares MSCI China ETF 0.1 59 7 8.4 +2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.9 +3.4
VXF Vanguard Extended Market ETF 0.1 6 60 3.5 -2.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 27 7.5 +2.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.5 -1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 11.0 +5.5
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 7.4 +1.9
DIM WisdomTree International MidCap Dividend Fund 0.1 58 8 7.7 +2.2
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.1 60 6 1.4 -4.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.9 +2.4
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.5 +3.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 12.4 +6.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 36 7.3 +1.8
IGRO iShares International Dividend Growth ETF 0.1 15 51 7.5 +2.0
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.9 +2.4
SFYX SoFi Next 500 ETF 0.1 0 66 4.7 -0.8
FYT First Trust Small Cap Value AlphaDEX Fund 0.1 73 -7 7.8 +2.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 5 4.6 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.5 +1.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 8.2 +2.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 7.3 +1.8
VSGX Vanguard ESG International Stock ETF 0.1 12 54 6.8 +1.3
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.4 -0.1
RODE Hartford Multifactor Diversified International ETF 0.1 29 37 11.8 +6.3
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.8 +2.3
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.3 -1.2
IGF iShares Global Infrastructure ETF 0.1 41 25 4.3 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 4.6 -0.9
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 7.8 +2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 8.1 +2.6
GLOF iShares Global Equity Factor ETF 0.1 20 46 7.0 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.3 +3.8
VT Vanguard Total World Stock ETF 0.1 7 59 5.5 0.0
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 48 6.4 +0.9
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 4.5 -1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 10.2 +4.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 6.1 +0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 8 4.6 -0.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 5.1 -0.4
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 6.0 +0.5
TXS Texas Capital Texas Equity Index ETF 0.1 49 17 4.7 -0.8
DFIV Dimensional International Value ETF 0.1 27 39 10.0 +4.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 9.9 +4.3
VBR Vanguard Small Cap Value ETF 0.1 7 59 7.8 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 7.3 +1.8
AVIV Avantis International Large Cap Value ETF 0.1 25 41 9.0 +3.4
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 34 6.0 +0.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 7.9 +2.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 8 7.8 +2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 57 5.2 -0.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 41 5.2 -0.3
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 16 7.0 +1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.9 +0.4
ACWI iShares MSCI ACWI ETF 0.1 32 34 5.3 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.2 +1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 34 6.2 +0.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 45 3.8 -1.7
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 7.6 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.3 -0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 6.5 +1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 6.2 +0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 46 6.8 +1.3
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.6 +0.1
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 6.1 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 6.9 +1.3
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.4 +1.9
TOK iShares MSCI Kokusai ETF 0.0 26 40 5.0 -0.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 6.9 +1.4
VIS Vanguard Industrials ETF 0.0 10 56 4.2 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 6.7 +1.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.6 +2.1
URTH iShares MSCI World ETF 0.0 24 42 5.2 -0.3
SMMD iShares Russell 2500 ETF 0.0 15 51 5.5 -0.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 5.3 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.4 -0.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.2 +1.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.0 +0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 6.4 +0.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 27 5.8 +0.3
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.2 +0.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.0 67 -1 8.6 +3.0
STXV Strive 1000 Value ETF 0.0 18 48 7.5 +2.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.0 -0.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.8 +1.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.9 -0.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.9 +0.4
HEDJ WisdomTree Europe Hedged Equity Fund 0.0 58 8 9.5 +3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 13.0 +7.5
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.5 -0.1
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.4 +0.9
IWR iShares Russell Midcap ETF 0.0 19 47 5.4 -0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.8 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.8 -0.7
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.7 -0.8
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 5.0 -0.5
VEGN US Vegan Climate ETF 0.0 60 6 4.5 -1.0
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.9 -0.7
IWV iShares Russell 3000 ETF 0.0 20 46 4.7 -0.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.1 -0.4
DIVB iShares Core Dividend ETF 0.0 5 61 7.5 +2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.4 -0.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.8 -0.7
VTHR Vanguard Russell 3000 ETF 0.0 10 56 4.7 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.5 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 6.8 +1.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 38 6.0 +0.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 6.9 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.7 -0.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.2 +0.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.9 -0.6
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.1 +0.6
VONV Vanguard Russell 1000 Value ETF 0.0 8 58 6.3 +0.8
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.8 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 6.8 +1.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 11.1 +5.6
VONE Vanguard Russell 1000 ETF 0.0 8 58 4.9 -0.6
IWB iShares Russell 1000 ETF 0.0 15 51 4.8 -0.7
JIG JPMorgan International Growth ETF 0.0 55 11 4.6 -0.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.0 24 42 7.1 +1.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.9 -0.6

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

  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 7.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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