Global X Renewable Energy Producers ETF
ALTAR
Score™		 4.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 23.5x P/Sales
ratio		 2.0x
P/BV
ratio		 1.3x Div.
yield		 3.5%


  • 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) $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 35
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
AXIA ENERGIA 7.0 %
ORSTED 6.8 %
EDP RENOVAVEIS SA 6.2 %
VERBUND AG 6.1 %
ENLIGHT RENEWABLE ENERGY LTD 5.8 %
MERIDIAN ENERGY LTD 5.4 %
BROOKFIELD RENEWABLE PARTNERS LP 5.1 %
ENGIE BRASIL ENERGIA S.A. 4.8 %
CONTACT ENERGY LTD 4.0 %
MIGHTY RIVER POWER 4.0 %
Total 55.0 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.3 %
BRAZIL 11.8 %
SPAIN 11.8 %
UNITED STATES 9.5 %
ISRAEL 8.5 %
DENMARK 6.8 %
AUSTRIA 6.1 %
CANADA 5.4 %
INDONESIA 5.3 %
BERMUDA 5.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% 52.2% -3.8% 4.2% 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.54 32%
MSCI EAFE 0.72 49%
MSCI Emg. Mkts. 0.60 44%

Technical Indicators
Recent close $38.97
30d moving avg. $36.48
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.9%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 416 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™: 4.1%


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 31.6 60 6 2.6 -1.5
ACES ALPS Clean Energy ETF 20.0 55 11 -2.6 -6.7
TAN Invesco Solar ETF 19.2 67 -1 4.5 +0.4
ICLN iShares Global Clean Energy ETF 17.6 41 25 1.8 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 15.1 59 7 2.4 -1.7
PBD Invesco Global Clean Energy ETF 14.8 75 -9 0.2 -3.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.7 75 -9 5.8 +1.6
ENZL iShares MSCI New Zealand ETF 12.4 50 16 3.8 -0.3
SMOG VanEck Low Carbon Energy ETF 9.3 61 5 1.2 -3.0
ITEQ BlueStar Israel Technology ETF 9.0 75 -9 1.2 -2.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.1 79 -13 3.9 -0.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.7 58 8 -1.9 -6.0
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 2.9 -1.2
CNRG State Street SPDR S&P Kensho Clean Power ETF 5.6 45 21 -0.0 -4.1
IMOM Alpha Architect International Quantitative Momentum ETF 5.2 49 17 4.1 -0.1
EWO iShares MSCI Austria ETF 5.0 50 16 7.6 +3.5
CCNR ALPS CoreCommodity Natural Resources ETF 4.5 39 27 7.9 +3.8
PBW Invesco WilderHill Clean Energy ETF 4.3 66 0 -3.0 -7.1
PID Invesco International Dividend Achievers ETF 4.1 53 13 4.0 -0.1
EDEN iShares MSCI Denmark ETF 3.7 53 13 6.2 +2.0
CCSO Carbon Collective Climate Solutions US Equity ETF 3.7 35 31 0.9 -3.2
ISRA VanEck Israel ETF 3.6 59 7 5.7 +1.6
FLN First Trust Latin America AlphaDEX Fund 3.5 80 -14 8.9 +4.8
IDX VanEck Indonesia Index ETF 3.3 57 9 7.3 +3.2
EWZ iShares MSCI Brazil ETF 3.3 58 8 8.9 +4.8
DTEC ALPS Disruptive Technologies ETF 3.2 50 16 3.8 -0.3
FLBR Franklin FTSE Brazil ETF 3.1 19 47 10.0 +5.9
JIVE JPMorgan International Value ETF 3.0 55 11 8.3 +4.2
KGRN KraneShares MSCI China Clean Technology Index ETF 2.8 79 -13 2.9 -1.3
EIS iShares MSCI Israel ETF 2.8 58 8 6.1 +2.0
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.6 29 37 3.6 -0.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.6 55 11 4.8 +0.7
FXU First Trust Utilities AlphaDEX Fund 2.5 64 2 5.1 +1.0
OCEN IQ Clean Oceans ETF 2.5 45 21 4.5 +0.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.3 60 6 9.7 +5.6
EVX VanEck Environmental Services ETF 2.3 55 11 4.0 -0.1
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.3 +0.2
DIV Global X SuperDividend US ETF 2.0 45 21 9.7 +5.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 17 4.5 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.9 52 14 5.3 +1.2
GVAL Cambria Global Value ETF 1.9 68 -2 8.6 +4.5
FLLA Franklin FTSE Latin America ETF 1.8 19 47 9.4 +5.3
ILF iShares Latin America 40 ETF 1.7 48 18 8.6 +4.5
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 4.7 +0.6
EMIF iShares Emerging Markets Infrastructure ETF 1.6 60 6 2.5 -1.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 13.6 +9.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.6 49 17 4.7 +0.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.6 59 7 4.7 +0.6
DBSC Deepwater Beachfront Small Cap ETF 1.5 85 -19 1.2 -2.9
WBIY WBI Power Factor High Dividend ETF 1.4 100 -34 12.5 +8.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.4 35 31 8.9 +4.7
EIDO iShares MSCI Indonesia ETF 1.3 59 7 8.0 +3.9
SIXS ETC 6 Meridian Small Cap Equity ETF 1.3 89 -23 8.0 +3.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.3 20 46 0.8 -3.3
JXI iShares Global Utilities ETF 1.3 43 23 4.9 +0.8
AVDV Avantis International Small Cap Value ETF 1.3 36 30 7.6 +3.5
FDEV Fidelity International Multifactor ETF 1.3 18 48 7.0 +2.9
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 6.8 +2.6
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 6 7.8 +3.7
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 1.2 59 7 8.6 +4.5
DISV Dimensional International Small Cap Value ETF 1.2 42 24 8.1 +3.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.2 35 31 6.4 +2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.1 70 -4 2.1 -2.0
ZAP Global X U.S. Electrification ETF 1.1 50 16 3.4 -0.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 7.5 +3.4
OAIM OneAscent International Equity ETF 1.1 95 -29 4.5 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.0 80 -14 5.3 +1.2
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -10 3.3 -0.8
TRFM AAM Transformers ETF 1.0 49 17 1.1 -3.0
WWJD Inspire International ETF 1.0 80 -14 6.1 +2.0
SIXL ETC 6 Meridian Low Beta Equity ETF 1.0 80 -14 5.9 +1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.4 +4.3
FYLD Cambria Foreign Shareholder Yield ETF 0.9 59 7 10.1 +6.0
WDNA WisdomTree BioRevolution Fund 0.9 45 21 -2.2 -6.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 7 7.2 +3.0
WDIV SPDR S&P Global Dividend ETF 0.9 40 26 9.2 +5.1
AVDS Avantis International Small Cap Equity ETF 0.9 30 36 5.9 +1.8
CLNR IQ Cleaner Transport ETF 0.9 45 21 3.9 -0.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.9 63 3 10.6 +6.5
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 5.0 +0.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.8 15 51 3.8 -0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 10 56 3.8 -0.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 18 48 3.8 -0.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 -9 6.4 +2.3
FPXI First Trust International Equity Opportunities ETF 0.8 70 -4 3.9 -0.2
IEUS iShares MSCI Europe Small-Cap ETF 0.8 42 24 6.6 +2.5
DFIS Dimensional International Small Cap ETF 0.8 39 27 6.0 +1.9
FPWR First Trust EIP Power Solutions ETF 0.8 96 -30 4.3 +0.2
NORW Global X MSCI Norway ETF 0.8 50 16 7.3 +3.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.8 40 26 6.0 +1.9
ENOR iShares MSCI Norway ETF 0.8 53 13 7.3 +3.2
KNO AXS Knowledge Leaders ETF 0.7 78 -12 4.4 +0.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.7 35 31 6.5 +2.4
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.5 +3.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 35 5.5 +1.4
UIVM VictoryShares International Value Momentum ETF 0.7 35 31 8.1 +4.0
VPU Vanguard Utilities ETF 0.7 9 57 4.7 +0.6
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.7 +0.6
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 5.1 +1.0
ETHO Etho Climate Leadership U.S. ETF 0.7 47 19 4.4 +0.3
IWN iShares Russell 2000 Value ETF 0.7 24 42 4.9 +0.8
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 14 6.6 +2.5
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.4 +2.3
HAP VanEck Natural Resources ETF 0.6 50 16 6.5 +2.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.4 +1.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.6 80 -14 6.4 +2.3
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 3.7 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 21 9.3 +5.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 6 6.9 +2.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.6 70 -4 3.8 -0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 5.9 +1.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 6.6 +2.5
WCEO Hypatia Women CEO ETF 0.6 85 -19 4.9 +0.8
TTAI FCF International Quality ETF 0.6 59 7 6.7 +2.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.5 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.2 +2.1
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 24 6.1 +2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -14 8.8 +4.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.2 +1.1
DWMF WisdomTree International Multifactor Fund 0.5 38 28 6.6 +2.5
BLES Inspire Global Hope ETF 0.5 61 5 5.8 +1.7
POWR iShares U.S. Power Infrastructure ETF 0.5 40 26 4.0 -0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 6 6.3 +2.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -4 6.1 +2.0
RCGE RockCreek Global Equality ETF 0.5 95 -29 6.0 +1.9
DXIV Dimensional International Vector Equity ETF 0.5 34 32 6.5 +2.4
FEP First Trust Europe AlphaDEX Fund 0.5 80 -14 6.7 +2.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 54 6.4 +2.3
XC WisdomTree Emerging Markets Ex-China Fund 0.5 32 34 6.0 +1.9
INTF iShares International Equity Factor ETF 0.5 15 51 6.4 +2.2
WSML iShares MSCI World Small-Cap ETF 0.5 15 51 5.4 +1.3
ECNS iShares MSCI China Small-Cap ETF 0.5 59 7 8.0 +3.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 2.4 -1.8
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 28 8.2 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 5.5 +1.4
POW VistaShares Electrification Supercycle ETF 0.4 75 -9 2.2 -2.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -5.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 8.0 +3.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.4 24 42 6.1 +2.0
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 6.1 +2.0
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 6.4 +2.3
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 3.8 -0.3
AVSD Avantis Responsible International Equity ETF 0.4 23 43 5.9 +1.8
BKF iShares MSCI BIC ETF 0.4 69 -3 13.4 +9.3
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 49 4.1 +0.0
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.4 15 51 4.2 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 5.7 +1.6
GWX SPDR S&P International Small Cap ETF 0.4 40 26 5.7 +1.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 6.6 +2.5
IJR iShares Core S&P Small Cap ETF 0.4 6 60 6.5 +2.4
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -19 4.8 +0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 10 56 4.2 +0.1
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 4.8 +0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 42 7.2 +3.1
AVES Avantis Emerging Markets Value ETF 0.4 36 30 8.9 +4.8
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 41 8.5 +4.3
FESM Fidelity Enhanced Small Cap ETF 0.4 28 38 2.4 -1.7
EES WisdomTree U.S. SmallCap Fund 0.4 38 28 8.1 +4.0
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 4.5 +0.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.8 -1.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 3.6 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 6.9 +2.8
DTH WisdomTree International High Dividend Fund 0.3 58 8 7.1 +3.0
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 4.8 +0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 2 1.3 -2.8
XT iShares Exponential Technologies ETF 0.3 46 20 4.2 +0.1
RSSL Global X Russell 2000 ETF 0.3 8 58 2.8 -1.3
AVDE Avantis International Equity ETF 0.3 23 43 6.1 +2.0
IWM iShares Russell 2000 ETF 0.3 19 47 2.7 -1.4
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.3 12 54 6.9 +2.8
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -9 7.6 +3.5
TPIF Timothy Plan International ETF 0.3 62 4 5.4 +1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -13 6.8 +2.7
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 6.1 +2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 13.3 +9.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 6.9 +2.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.1 +1.0
VTWO Vanguard Russell 2000 ETF 0.3 7 59 2.9 -1.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.7 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 5.5 +1.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 6.4 +2.3
IPOS Renaissance International IPO ETF 0.3 80 -14 0.0 -4.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 51 5.7 +1.6
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -4.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 42 6.7 +2.6
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 6.1 +2.0
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 43 7.1 +3.0
IEUR iShares Core MSCI Europe ETF 0.3 11 55 6.2 +2.1
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.5 -4.6
VEXC Vanguard Emerging Markets Ex-China ETF 0.3 7 59 5.8 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 57 7.5 +3.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 6.5 +2.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 5.9 +1.8
STXM Strive Mid-Cap ETF 0.2 18 48 5.7 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 5.9 +1.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 6.0 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 5.4 +1.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 6.1 +2.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.3 +2.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 7.8 +3.7
STXE Strive Emerging Markets Ex-China ETF 0.2 32 34 5.6 +1.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 5.8 +1.7
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.4 +1.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 57 3.9 -0.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 6.5 +2.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.5 +2.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.1 +2.0
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 43 6.0 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.3 +2.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 5.3 +1.2
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.2 +0.1
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.5 +1.4
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.4 +2.2
VGK Vanguard FTSE Europe ETF 0.2 6 60 6.4 +2.3
DFSV Dimensional US Small Cap Value ETF 0.2 31 35 9.1 +5.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 7.9 +3.8
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 6.2 +2.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 6.2 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 46 4.2 +0.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.2 19 47 5.2 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 5.9 +1.7
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -23 4.5 +0.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 6.0 +1.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.2 +2.1
VXUS Vanguard Total International Stock ETF 0.2 5 61 6.6 +2.5
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 6.2 +2.1
IDU iShares U.S. Utilities ETF 0.2 40 26 4.2 +0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 36 8.2 +4.1
EFV iShares MSCI EAFE Value ETF 0.2 34 32 7.4 +3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 4.8 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 16 8.4 +4.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.4 +1.3
IQSI IQ Candriam International Equity ETF 0.2 15 51 5.5 +1.4
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 8.0 +3.9
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 9.3 +5.2
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 9.0 +4.9
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.3 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 7.4 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 9.1 +5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 8.6 +4.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.5 +1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 13.5 +9.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 5.6 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 24 4.0 -0.1
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 54 7.2 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.1 +2.0
AFK VanEck Africa Index ETF 0.2 98 -32 10.1 +6.0
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 57 8.3 +4.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.8 +3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 5.6 +1.5
DWM WisdomTree International Equity Fund 0.2 48 18 5.5 +1.4
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 8 7.2 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 62 6.7 +2.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 7.8 +3.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 5.5 +1.4
VXF Vanguard Extended Market ETF 0.2 5 61 3.9 -0.2
VB Vanguard Small-Cap ETF 0.2 5 61 5.3 +1.2
SCHF Schwab International Equity ETF 0.2 6 60 6.0 +1.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 7.5 +3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 34 5.0 +0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 0.2 48 18 8.8 +4.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 37 6.9 +2.8
EFA iShares MSCI EAFE ETF 0.2 35 31 5.7 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 32 6.3 +2.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 6.8 +2.6
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 7.1 +3.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 8.3 +4.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 8.1 +3.9
VBR Vanguard Small Cap Value ETF 0.1 7 59 8.0 +3.9
EZU iShares MSCI Eurozone ETF 0.1 52 14 5.6 +1.4
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 7.9 +3.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 5.4 +1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 48 6.4 +2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 5.7 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 5.6 +1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 8.2 +4.1
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 6.1 +2.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 5.5 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 5.8 +1.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.4 +2.3
IEV iShares Europe ETF 0.1 67 -1 5.8 +1.6
STXK Strive Small-Cap ETF 0.1 18 48 5.3 +1.2
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.7 +2.6
BKIE BNY Mellon International Equity ETF 0.1 4 62 5.9 +1.8
DEW WisdomTree Global High Dividend Fund 0.1 58 8 7.3 +3.2
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 8.9 +4.8
GXC SPDR S & P China ETF 0.1 59 7 17.3 +13.2
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 5.5 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 7.8 +3.7
FLEE Franklin FTSE Europe ETF 0.1 9 57 6.2 +2.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 6.9 +2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 34 7.6 +3.5
DIHP Dimensional International High Profitability ETF 0.1 29 37 5.6 +1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.1 +3.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 5.9 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 7.2 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 6.1 +2.0
AVIV Avantis International Large Cap Value ETF 0.1 25 41 6.8 +2.7
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 5.7 +1.6
VSGX Vanguard ESG International Stock ETF 0.1 10 56 6.7 +2.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 3.7 -0.4
DXUV Dimensional US Vector Equity ETF 0.1 28 38 5.4 +1.3
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 8.9 +4.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 8.8 +4.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 6.9 +2.8
DFIV Dimensional International Value ETF 0.1 27 39 7.7 +3.6
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.4 +1.3
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.5 +1.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 8.2 +4.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 4.9 +0.8
VPL Vanguard FTSE Pacific ETF 0.1 7 59 5.4 +1.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 8.0 +3.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 46 5.6 +1.5
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 7.9 +3.8
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 5.4 +1.2
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 6.0 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 7.5 +3.4
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.1 +1.0
FENI Fidelity Enhanced International ETF 0.1 28 38 5.7 +1.6
FLCH Franklin FTSE China ETF 0.1 19 47 16.5 +12.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 11.3 +7.2
GLOF iShares Global Equity Factor ETF 0.1 20 46 5.7 +1.6
VT Vanguard Total World Stock ETF 0.1 6 60 5.1 +1.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.0 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 6.9 +2.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 5.6 +1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 6.1 +1.9
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.2 +4.0
MCHI iShares MSCI China ETF 0.1 59 7 18.7 +14.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 6.4 +2.3
IGF iShares Global Infrastructure ETF 0.1 41 25 4.1 +0.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.1 +0.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 4.3 +0.2
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 3.6 -0.5
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 41 8.2 +4.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 4.8 +0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 6.3 +2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 9.4 +5.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 17 7.9 +3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 6.9 +2.8
ACWI iShares MSCI ACWI ETF 0.1 32 34 4.8 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.2 +1.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 48 4.7 +0.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 46 5.7 +1.6
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.6 +2.5
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 46 6.2 +2.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 4.7 +0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 49 12.0 +7.9
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 49 6.6 +2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 5.8 +1.7
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.4 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 7.3 +3.2
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 4.6 +0.5
SMMD iShares Russell 2500 ETF 0.0 15 51 5.7 +1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 13 5.4 +1.2
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 54 6.4 +2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 3.5 -0.6
VIS Vanguard Industrials ETF 0.0 9 57 3.6 -0.5
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.4 +0.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 8.0 +3.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.2 +1.1
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 7.0 +2.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.4 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 6.4 +2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 4.5 +0.4
AVUS Avantis U.S. Equity ETF 0.0 15 51 4.9 +0.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 25 5.0 +0.9
URTH iShares MSCI World ETF 0.0 24 42 4.4 +0.3
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.6 -0.5
EBI Longview Advantage ETF 0.0 35 31 6.1 +2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 4.9 +0.8
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.2 +2.1
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 5.1 +1.0
REVS Columbia Research Enhanced Value ETF 0.0 19 47 6.9 +2.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 7.4 +3.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.0 10 56 7.9 +3.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.0 -1.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 5.0 +0.9
PFM Invesco Dividend Achievers ETF 0.0 53 13 4.8 +0.7
IWR iShares Russell Midcap ETF 0.0 19 47 5.5 +1.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.4 +0.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.3 +0.2
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 5.6 +1.5
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 3.2 -0.9
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.3 +0.1
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.3 +0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.2 +0.1
SFGV Sequoia Global Value ETF 0.0 23 43 7.2 +3.1
IWV iShares Russell 3000 ETF 0.0 20 46 4.1 +0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 6.1 +1.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 6.1 +2.0
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.2 +0.1
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.4 +1.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.8 +1.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 32 5.9 +1.8
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 9.9 +5.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.5 +0.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.3 +0.2
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.2 +0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.4 +2.3
DIVB iShares Core Dividend ETF 0.0 5 61 7.6 +3.5
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 48 0.0 -4.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.2 +2.1
SCHK Schwab 1000 Index ETF 0.0 5 61 4.4 +0.3
IWD iShares Russell 1000 Value ETF 0.0 19 47 5.6 +1.5
VEGN US Vegan Climate ETF 0.0 60 6 4.0 -0.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 5.6 +1.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.4 +0.3
AVUQ Avantis U.S. Quality ETF 0.0 15 51 3.6 -0.5
STXV Strive 1000 Value ETF 0.0 18 48 7.0 +2.9
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 5.7 +1.6
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.3 +0.2
IWB iShares Russell 1000 ETF 0.0 15 51 4.3 +0.2
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.2 +0.1
STXG Strive 1000 Growth ETF 0.0 18 48 3.3 -0.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.3 +0.2

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 4.1 %
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.