Global X Renewable Energy Producers ETF
ALTAR
Score™		 4.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 22.3x P/Sales
ratio		 1.9x
P/BV
ratio		 1.2x Div.
yield		 3.7%


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

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 27, 2015
Assets (mns) $29
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) $6,239
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
DONG ENERGY A/S 6.3 %
AXIA ENERGIA 6.3 %
EDP RENOVAVEIS SA 6.0 %
MERIDIAN ENERGY LTD 6.0 %
VERBUND AG 5.6 %
ENLIGHT RENEWABLE ENERGY LTD 5.1 %
BROOKFIELD RENEWABLE PARTNERS LP 4.9 %
BARITO RENEWABLE 4.9 %
ENGIE BRASIL ENERGIA S.A. 4.5 %
CONTACT ENERGY LTD 4.4 %
Total 54.0 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.9 %
BRAZIL 11.0 %
UNITED STATES 11.0 %
SPAIN 10.7 %
ISRAEL 8.8 %
INDONESIA 7.0 %
DENMARK 6.6 %
AUSTRIA 5.7 %
BERMUDA 4.9 %
CANADA 4.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
11.2% 46.9% -4.0% 5.3% 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.47 26%
MSCI EAFE 0.71 42%
MSCI Emg. Mkts. 0.61 37%

Technical Indicators
Recent close $36.96
30d moving avg. $36.38
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.76%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 420 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™: 4.4%


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
(%)
FAN First Trust Global Wind Energy ETF 30.6 60 6 2.8 -1.6
ACES ALPS Clean Energy ETF 20.5 55 11 -2.8 -7.1
TAN Invesco Solar ETF 20.1 67 -1 4.5 +0.1
ICLN iShares Global Clean Energy ETF 17.1 41 25 2.0 -2.4
VCLN Virtus Duff & Phelps Clean Energy ETF 15.2 59 7 2.6 -1.8
PBD Invesco Global Clean Energy ETF 15.0 75 -9 0.3 -4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.2 75 -9 6.0 +1.6
SMOG VanEck Low Carbon Energy ETF 9.6 61 5 1.2 -3.1
ITEQ BlueStar Israel Technology ETF 8.6 75 -9 1.3 -3.1
ENZL iShares MSCI New Zealand ETF 8.4 50 16 3.6 -0.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.6 58 8 -2.0 -6.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 6.4 45 21 0.0 -4.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.3 79 -13 3.7 -0.7
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.0 -1.4
IDX VanEck Indonesia Index ETF 4.8 57 9 6.5 +2.2
PBW Invesco WilderHill Clean Energy ETF 4.5 66 0 -3.2 -7.6
DTEC ALPS Disruptive Technologies ETF 4.1 50 16 3.7 -0.7
PID Invesco International Dividend Achievers ETF 4.1 53 13 3.8 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 4.0 39 27 7.9 +3.5
ISRA VanEck Israel ETF 3.5 59 7 6.1 +1.7
CCSO Carbon Collective Climate Solutions US Equity ETF 3.4 35 31 0.9 -3.5
EWO iShares MSCI Austria ETF 3.4 50 16 7.9 +3.5
EDEN iShares MSCI Denmark ETF 3.3 53 13 6.4 +2.0
FLN First Trust Latin America AlphaDEX Fund 3.2 80 -14 9.1 +4.7
EWZ iShares MSCI Brazil ETF 3.1 58 8 9.5 +5.1
FLBR Franklin FTSE Brazil ETF 3.1 19 47 10.7 +6.3
JIVE JPMorgan International Value ETF 3.0 55 11 8.1 +3.8
KGRN KraneShares MSCI China Clean Technology Index ETF 3.0 79 -13 3.1 -1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 17 4.6 +0.2
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.7 29 37 4.0 -0.4
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.7 55 11 4.8 +0.5
FXU First Trust Utilities AlphaDEX Fund 2.7 64 2 4.9 +0.5
EIS iShares MSCI Israel ETF 2.6 58 8 6.5 +2.2
OCEN IQ Clean Oceans ETF 2.5 45 21 4.5 +0.1
EVX VanEck Environmental Services ETF 2.3 55 11 3.7 -0.7
DIV Global X SuperDividend US ETF 2.3 45 21 9.4 +5.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 6 9.3 +4.9
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.2 -0.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.9 52 14 5.4 +1.1
EMIF iShares Emerging Markets Infrastructure ETF 1.9 60 6 2.4 -2.0
FLLA Franklin FTSE Latin America ETF 1.8 19 47 9.7 +5.3
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 4.5 +0.2
DBSC Deepwater Beachfront Small Cap ETF 1.6 85 -19 1.2 -3.2
GVAL Cambria Global Value ETF 1.6 68 -2 8.7 +4.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 13.6 +9.3
ETHO Etho Climate Leadership U.S. ETF 1.6 47 19 4.5 +0.2
ILF iShares Latin America 40 ETF 1.5 48 18 8.8 +4.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.4 20 46 0.9 -3.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.4 49 17 4.7 +0.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.4 35 31 8.8 +4.5
SIXS ETC 6 Meridian Small Cap Equity ETF 1.3 89 -23 7.9 +3.5
WBIY WBI Power Factor High Dividend ETF 1.3 100 -34 11.8 +7.4
AVDV Avantis International Small Cap Value ETF 1.3 36 30 7.3 +2.9
FDEV Fidelity International Multifactor ETF 1.3 18 48 6.8 +2.4
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 6.5 +2.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.3 59 7 4.8 +0.4
HAP VanEck Natural Resources ETF 1.2 50 16 6.3 +1.9
JXI iShares Global Utilities ETF 1.2 43 23 4.7 +0.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.2 35 31 6.4 +2.1
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 6 7.5 +3.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 1.1 59 7 8.5 +4.1
ZAP Global X U.S. Electrification ETF 1.1 50 16 3.3 -1.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 7.5 +3.2
OAIM OneAscent International Equity ETF 1.1 95 -29 4.5 +0.1
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 48 3.8 -0.6
DISV Dimensional International Small Cap Value ETF 1.0 42 24 7.7 +3.3
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -10 3.3 -1.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.0 10 56 3.8 -0.6
WWJD Inspire International ETF 1.0 80 -14 6.0 +1.6
SIXL ETC 6 Meridian Low Beta Equity ETF 1.0 80 -14 5.6 +1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.3 +3.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.0 15 51 3.8 -0.5
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 7 10.0 +5.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 7 6.8 +2.5
AVDS Avantis International Small Cap Equity ETF 0.9 30 36 5.7 +1.3
CLNR IQ Cleaner Transport ETF 0.9 45 21 3.9 -0.5
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 5.0 +0.6
WDIV SPDR S&P Global Dividend ETF 0.8 40 26 8.8 +4.4
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 16.8 +12.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 3 10.6 +6.2
VTWV Vanguard Russell 2000 Value ETF 0.8 10 56 5.2 +0.8
BESF Bastion Energy ETF 0.8 80 -14 9.3 +4.9
IWN iShares Russell 2000 Value ETF 0.8 24 42 5.0 +0.7
KNO AXS Knowledge Leaders ETF 0.7 78 -12 4.2 -0.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.7 35 31 6.4 +2.0
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.4 +3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 35 5.3 +0.9
VPU Vanguard Utilities ETF 0.7 9 57 4.5 +0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 -9 6.3 +1.9
FPWR First Trust EIP Power Solutions ETF 0.7 96 -30 4.2 -0.2
ENOR iShares MSCI Norway ETF 0.7 53 13 7.8 +3.5
UIVM VictoryShares International Value Momentum ETF 0.7 35 31 7.8 +3.5
NORW Global X MSCI Norway ETF 0.7 50 16 7.8 +3.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -14 5.1 +0.8
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 24 6.5 +2.1
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.5 +0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 7.5 +3.2
DFIS Dimensional International Small Cap ETF 0.7 39 27 5.8 +1.4
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 14 6.6 +2.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 26 5.9 +1.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.4 +1.0
TRFM AAM Transformers ETF 0.6 49 17 1.1 -3.2
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 3.8 -0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 21 9.2 +4.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -4 2.1 -2.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 54 6.5 +2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 5.7 +1.3
XC WisdomTree Emerging Markets Ex-China Fund 0.6 32 34 5.8 +1.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 6.4 +2.1
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 7.6 +3.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.6 80 -14 6.2 +1.9
POWR iShares U.S. Power Infrastructure ETF 0.6 40 26 3.9 -0.5
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.2 +1.8
WCEO Hypatia Women CEO ETF 0.6 85 -19 4.9 +0.5
TTAI FCF International Quality ETF 0.6 59 7 6.5 +2.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 6 6.2 +1.8
IJR iShares Core S&P Small Cap ETF 0.5 6 60 6.6 +2.2
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 24 6.0 +1.6
DWMF WisdomTree International Multifactor Fund 0.5 38 28 6.3 +1.9
BLES Inspire Global Hope ETF 0.5 61 5 5.7 +1.3
STXK Strive Small-Cap ETF 0.5 18 48 5.2 +0.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 59 6.5 +2.1
INTF iShares International Equity Factor ETF 0.5 15 51 6.3 +1.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -4 5.7 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.5 +0.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 63 6.6 +2.3
WDNA WisdomTree BioRevolution Fund 0.5 45 21 -2.3 -6.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -14 8.4 +4.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.0 +0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.0 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 2.4 -2.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 49 4.1 -0.3
WSML iShares MSCI World Small-Cap ETF 0.5 15 51 5.3 +1.0
POW VistaShares Electrification Supercycle ETF 0.4 75 -9 2.3 -2.1
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.4 12 54 6.9 +2.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -5.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.4 24 42 6.1 +1.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 8.0 +3.7
DXIV Dimensional International Vector Equity ETF 0.4 34 32 6.3 +1.9
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 5.9 +1.5
FEP First Trust Europe AlphaDEX Fund 0.4 80 -14 6.5 +2.2
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 3.8 -0.5
AVSD Avantis Responsible International Equity ETF 0.4 23 43 5.7 +1.3
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 4.7 +0.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 10 56 4.2 -0.2
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.4 15 51 4.1 -0.2
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 28 7.9 +3.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 42 7.1 +2.7
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -19 4.5 +0.1
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 4.6 +0.3
RSSL Global X Russell 2000 ETF 0.4 8 58 2.9 -1.5
AVES Avantis Emerging Markets Value ETF 0.4 36 30 8.5 +4.2
IWM iShares Russell 2000 ETF 0.4 19 47 2.8 -1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 5.3 +0.9
DTH WisdomTree International High Dividend Fund 0.4 58 8 7.0 +2.6
FESM Fidelity Enhanced Small Cap ETF 0.4 28 38 2.5 -1.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 5.5 +1.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 60 2.8 -1.6
BKF iShares MSCI BIC ETF 0.3 69 -3 13.0 +8.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 3.7 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 6.6 +2.3
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 4.9 +0.5
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.7 +1.3
VTWO Vanguard Russell 2000 ETF 0.3 7 59 2.9 -1.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -4 9.5 +5.1
AVDE Avantis International Equity ETF 0.3 23 43 5.9 +1.5
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 8.3 +3.9
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -4.4
STXE Strive Emerging Markets Ex-China ETF 0.3 32 34 5.5 +1.2
TPIF Timothy Plan International ETF 0.3 62 4 5.3 +0.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -13 6.4 +2.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.1 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 13.1 +8.7
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 6.8 +2.4
EES WisdomTree U.S. SmallCap Fund 0.3 38 28 8.2 +3.9
XT iShares Exponential Technologies ETF 0.3 46 20 4.1 -0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 5.3 +1.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 6.5 +2.1
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -9 7.4 +3.1
GWX SPDR S&P International Small Cap ETF 0.3 40 26 5.5 +1.2
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 5.9 +1.6
IPOS Renaissance International IPO ETF 0.3 80 -14 0.0 -4.4
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 5.9 +1.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.5 -4.9
ITAN Sparkline Intangible Value ETF 0.3 50 16 6.3 +1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 42 6.5 +2.1
DFSV Dimensional US Small Cap Value ETF 0.3 31 35 9.0 +4.6
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 54 5.9 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 57 7.2 +2.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 6.6 +2.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.2 +1.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.5 +1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 7.8 +3.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 5.7 +1.4
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.5 +1.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 57 4.0 -0.4
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 6.9 +2.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 6.4 +2.0
IEUR iShares Core MSCI Europe ETF 0.2 11 55 6.1 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 5.8 +1.4
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 43 5.9 +1.5
VEXC Vanguard Emerging Markets Ex-China ETF 0.2 7 59 5.7 +1.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 5.8 +1.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 5.8 +1.4
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 6.1 +1.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.0 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 5.1 +0.8
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.2 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -4 3.8 -0.5
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.3 -3.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 6.1 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 46 4.2 -0.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.2 19 47 5.1 +0.7
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 6.1 +1.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.1 +1.7
IDU iShares U.S. Utilities ETF 0.2 40 26 4.0 -0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 16 8.0 +3.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.4 +1.0
IQSI IQ Candriam International Equity ETF 0.2 15 51 5.3 +0.9
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 7.7 +3.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.2 +1.8
VGK Vanguard FTSE Europe ETF 0.2 6 60 6.2 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.4 +2.0
VXF Vanguard Extended Market ETF 0.2 5 61 3.9 -0.5
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 5.8 +1.4
VB Vanguard Small-Cap ETF 0.2 5 61 5.3 +0.9
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.1 +1.8
EFV iShares MSCI EAFE Value ETF 0.2 34 32 7.2 +2.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 7.5 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 8.8 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 8.3 +4.0
VXUS Vanguard Total International Stock ETF 0.2 5 61 6.5 +2.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 5.7 +1.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 1.3 -3.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 5.3 +0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 4.8 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 5.4 +1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 24 3.9 -0.5
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 54 7.2 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 5.9 +1.5
VBR Vanguard Small Cap Value ETF 0.2 7 59 7.8 +3.5
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -23 4.5 +0.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 9.2 +4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 5.7 +1.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.4 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.7 +3.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 5.5 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 7.5 +3.1
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 8.9 +4.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 13.4 +9.0
SCHY Schwab International Dividend Equity ETF 0.2 14 52 7.8 +3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 36 8.1 +3.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 7.4 +3.0
DWM WisdomTree International Equity Fund 0.2 48 18 5.3 +1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 7.5 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 62 6.6 +2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 37 6.8 +2.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 6.5 +2.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 5.3 +1.0
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 7.8 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 7.0 +2.6
SCHF Schwab International Equity ETF 0.2 6 60 5.8 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 34 4.9 +0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.2 48 18 8.5 +4.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 8.1 +3.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 7.9 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 26 5.4 +1.0
EFA iShares MSCI EAFE ETF 0.1 35 31 5.5 +1.1
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 7.7 +3.4
AFK VanEck Africa Index ETF 0.1 98 -32 9.1 +4.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 5.3 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 5.6 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 48 6.2 +1.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 8.0 +3.7
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 5.9 +1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 5.4 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 5.6 +1.2
DEW WisdomTree Global High Dividend Fund 0.1 58 8 7.1 +2.7
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 7.0 +2.6
GXC SPDR S & P China ETF 0.1 59 7 16.7 +12.3
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 8.2 +3.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 6.2 +1.8
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 7.8 +3.5
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.6 +2.3
BKIE BNY Mellon International Equity ETF 0.1 4 62 5.7 +1.4
EZU iShares MSCI Eurozone ETF 0.1 52 14 5.4 +1.0
DXUV Dimensional US Vector Equity ETF 0.1 28 38 5.3 +1.0
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 5.3 +0.9
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 8.7 +4.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.3 +1.9
FLEE Franklin FTSE Europe ETF 0.1 9 57 6.0 +1.7
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 5.5 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 6.7 +2.3
IEV iShares Europe ETF 0.1 67 -1 5.6 +1.2
IVSI Applied Finance IVS International LrgETF 0.1 65 1 5.8 +1.4
SFYX SoFi Next 500 ETF 0.1 0 66 5.0 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 7.8 +3.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 8.0 +3.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 7.1 +2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 6.0 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.0 +2.6
AVIV Avantis International Large Cap Value ETF 0.1 25 41 6.6 +2.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 5.8 +1.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 8.6 +4.2
VSGX Vanguard ESG International Stock ETF 0.1 10 56 6.4 +2.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.2 +0.8
DIHP Dimensional International High Profitability ETF 0.1 29 37 5.4 +1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 6.8 +2.4
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.4 +1.0
VPL Vanguard FTSE Pacific ETF 0.1 7 59 5.2 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 4.8 +0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 8.6 +4.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 10.8 +6.4
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 3.6 -0.8
DFIV Dimensional International Value ETF 0.1 27 39 7.5 +3.1
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 5.9 +1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.0 +0.7
FENI Fidelity Enhanced International ETF 0.1 28 38 5.5 +1.2
FLCH Franklin FTSE China ETF 0.1 19 47 16.0 +11.6
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 7.8 +3.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 5.2 +0.9
GLOF iShares Global Equity Factor ETF 0.1 20 46 5.7 +1.3
VT Vanguard Total World Stock ETF 0.1 6 60 5.1 +0.7
STXM Strive Mid-Cap ETF 0.1 18 48 5.3 +1.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 5.5 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 6.6 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 6.1 +1.7
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.0 +3.6
MCHI iShares MSCI China ETF 0.1 59 7 18.1 +13.7
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 5.7 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 7.3 +2.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 4.8 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 4.3 -0.1
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 3.4 -0.9
IGF iShares Global Infrastructure ETF 0.1 41 25 4.0 -0.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.0 -0.4
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 41 8.3 +3.9
VIS Vanguard Industrials ETF 0.1 9 57 3.5 -0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 5.3 +0.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 25 5.0 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 8.6 +4.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 6.7 +2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 4.9 +0.5
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 48 4.7 +0.3
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.4 +2.0
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 4.7 +0.3
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 54 6.3 +2.0
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 46 6.1 +1.7
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 9.2 +4.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 6.2 +1.8
ACWI iShares MSCI ACWI ETF 0.1 32 34 4.7 +0.4
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 49 6.3 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 5.7 +1.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 1 6.5 +2.1
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.0 +2.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 46 5.4 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 11.6 +7.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 8.0 +3.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.3 +1.9
SMMD iShares Russell 2500 ETF 0.0 15 51 5.7 +1.4
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.4 0.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 6.3 +1.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 4.5 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 3.5 -0.9
AVUS Avantis U.S. Equity ETF 0.0 15 51 4.9 +0.5
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 4.5 +0.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.7 -0.7
EBI Longview Advantage ETF 0.0 35 31 6.1 +1.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.0 +0.7
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 7.0 +2.6
URTH iShares MSCI World ETF 0.0 24 42 4.4 +0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 4.9 +0.6
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.1 +1.7
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 5.2 +0.8
REVS Columbia Research Enhanced Value ETF 0.0 19 47 6.8 +2.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 7.3 +2.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.0 10 56 7.5 +3.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.1 -1.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 5.0 +0.7
PFM Invesco Dividend Achievers ETF 0.0 53 13 4.6 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 7.7 +3.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.4 +0.0
IWR iShares Russell Midcap ETF 0.0 19 47 5.4 +1.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.4 -0.0
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.3 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 7.1 +2.7
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 3.3 -1.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.3 -0.1
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.2 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.3 -0.1
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.3 -0.1
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.3 -0.1
IWV iShares Russell 3000 ETF 0.0 20 46 4.1 -0.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.5 +0.1
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 5.3 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 5.9 +1.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 5.9 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 32 5.8 +1.5
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.4 +1.0
SFGV Sequoia Global Value ETF 0.0 23 43 6.9 +2.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.3 +2.0
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 9.7 +5.3
VEGN US Vegan Climate ETF 0.0 60 6 4.1 -0.3
DIVB iShares Core Dividend ETF 0.0 5 61 7.3 +2.9
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 48 0.0 -4.4
STXV Strive 1000 Value ETF 0.0 18 48 6.8 +2.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.0 +1.6
SCHK Schwab 1000 Index ETF 0.0 5 61 4.4 0.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.7 +1.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 5.5 +1.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.4 +0.0
AVUQ Avantis U.S. Quality ETF 0.0 15 51 3.7 -0.7
IWD iShares Russell 1000 Value ETF 0.0 19 47 5.5 +1.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 5.6 +1.2
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.3 -0.0
IWB iShares Russell 1000 ETF 0.0 15 51 4.3 -0.1
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.2 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.3 -0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.0 70 -4 8.9 +4.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -14 8.8 +4.4

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

  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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.9 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.75 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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