Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 1.7x
P/BV
ratio		 1.0x Div.
yield		 3.9%


  • 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) $26
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) $7,000
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 7.5 %
DONG ENERGY A/S 7.0 %
EDP RENOVAVEIS SA 6.6 %
BARITO RENEWABLE 6.4 %
ORMAT TECHNOLOGIES INC 5.2 %
VERBUND AG 5.1 %
MERIDIAN ENERGY LTD 5.1 %
ENLIGHT RENEWABLE ENERGY LTD 4.9 %
ENGIE BRASIL ENERGIA S.A. 4.3 %
MIGHTY RIVER POWER 4.2 %
Total 56.3 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.2 %
BRAZIL 11.8 %
UNITED STATES 11.4 %
SPAIN 10.9 %
INDONESIA 8.7 %
ISRAEL 7.4 %
DENMARK 7.0 %
AUSTRIA 5.1 %
CANADA 4.2 %
BERMUDA 4.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.6% 29.6% -8.2% 3.2% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.46 23%
MSCI EAFE 0.70 39%
MSCI Emg. Mkts. 0.60 34%

Technical Indicators
Recent close $34.56
30d moving avg. $33.31
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.7%
Bid/Ask (% of price) 1.01%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 417 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™: 5.0%


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 34.1 39 27 2.1 -2.9
FAN First Trust Global Wind Energy ETF 30.1 60 6 3.7 -1.3
ACES ALPS Clean Energy ETF 19.4 55 11 -2.4 -7.4
TAN Invesco Solar ETF 19.1 67 -1 5.0 -0.0
ICLN iShares Global Clean Energy ETF 17.8 41 25 2.8 -2.2
PBD Invesco Global Clean Energy ETF 15.3 75 -9 0.6 -4.4
VCLN Virtus Duff & Phelps Clean Energy ETF 14.7 59 7 3.7 -1.3
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.0 75 -9 6.6 +1.6
SMOG VanEck Low Carbon Energy ETF 9.6 61 5 1.4 -3.6
ENZL iShares MSCI New Zealand ETF 7.8 50 16 3.5 -1.5
ITEQ BlueStar Israel Technology ETF 6.8 75 -9 1.3 -3.7
CNRG State Street SPDR S&P Kensho Clean Power ETF 6.6 45 21 1.4 -3.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.5 58 8 -1.8 -6.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.5 79 -13 4.4 -0.6
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.1 -1.9
IDX VanEck Indonesia Index ETF 5.3 57 9 6.6 +1.6
PBW Invesco WilderHill Clean Energy ETF 4.5 66 0 -2.9 -7.9
PID Invesco International Dividend Achievers ETF 4.0 53 13 4.7 -0.3
EWO iShares MSCI Austria ETF 3.8 50 16 7.9 +2.9
JIVE JPMorgan International Value ETF 3.3 55 11 9.6 +4.6
DTEC ALPS Disruptive Technologies ETF 3.2 50 16 3.3 -1.7
CCNR ALPS CoreCommodity Natural Resources ETF 3.2 39 27 7.3 +2.3
CCSO Carbon Collective Climate Solutions US Equity ETF 3.1 35 31 1.1 -3.9
EWZ iShares MSCI Brazil ETF 3.1 58 8 11.8 +6.8
FLBR Franklin FTSE Brazil ETF 3.1 19 47 13.5 +8.5
KGRN KraneShares MSCI China Clean Technology Index ETF 3.0 79 -13 0.3 -4.7
FLN First Trust Latin America AlphaDEX Fund 3.0 80 -14 10.1 +5.1
ISRA VanEck Israel ETF 3.0 59 7 5.7 +0.7
EDEN iShares MSCI Denmark ETF 2.8 53 13 5.5 +0.5
SDG iShares MSCI Global Sustainable Development Goals ETF 2.7 49 17 4.8 -0.2
OCEN IQ Clean Oceans ETF 2.5 45 21 5.0 +0.0
EVX VanEck Environmental Services ETF 2.5 55 11 2.2 -2.8
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.1 29 37 4.1 -0.9
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.1 55 11 6.0 +1.0
FXU First Trust Utilities AlphaDEX Fund 2.1 64 2 5.3 +0.3
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.5 -0.5
EIS iShares MSCI Israel ETF 2.0 58 8 6.1 +1.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 6 9.6 +4.6
EMIF iShares Emerging Markets Infrastructure ETF 2.0 60 6 3.1 -1.9
DIV Global X SuperDividend US ETF 2.0 45 21 10.5 +5.5
TIME Clockwise Core Equity & Innovation ETF 1.9 95 -29 3.2 -1.8
FLLA Franklin FTSE Latin America ETF 1.8 19 47 11.5 +6.5
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 4.7 -0.3
GVAL Cambria Global Value ETF 1.6 68 -2 9.2 +4.2
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 15.2 +10.2
ETHO Etho Climate Leadership U.S. ETF 1.5 47 19 4.7 -0.3
ILF iShares Latin America 40 ETF 1.5 48 18 10.4 +5.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 14 5.5 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 6 7.3 +2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.4 35 31 8.3 +3.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.4 20 46 2.6 -2.5
SIXS ETC 6 Meridian Small Cap Equity ETF 1.3 89 -23 8.5 +3.5
AVDV Avantis International Small Cap Value ETF 1.3 36 30 7.7 +2.7
HAP VanEck Natural Resources ETF 1.3 50 16 7.6 +2.6
FDEV Fidelity International Multifactor ETF 1.3 18 48 6.6 +1.6
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 6.7 +1.7
JXI iShares Global Utilities ETF 1.2 43 23 5.3 +0.3
WDIV SPDR S&P Global Dividend ETF 1.2 40 26 8.3 +3.3
ZAP Global X U.S. Electrification ETF 1.1 50 16 3.7 -1.3
DISV Dimensional International Small Cap Value ETF 1.1 42 24 8.0 +3.0
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 7 10.3 +5.3
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.1 35 31 6.2 +1.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 8.5 +3.5
OAIM OneAscent International Equity ETF 1.1 95 -29 4.6 -0.4
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.1 49 17 4.0 -1.1
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -10 4.0 -1.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.0 59 7 5.3 +0.3
WWJD Inspire International ETF 1.0 80 -14 6.4 +1.4
SIXL ETC 6 Meridian Low Beta Equity ETF 1.0 80 -14 5.7 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.0 +3.0
ICPY Tweedy, Browne International Insider Value ETF 1.0 80 -14 9.9 +4.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 7 6.9 +1.9
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 48 4.6 -0.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 56 8.4 +3.4
AVDS Avantis International Small Cap Equity ETF 0.9 30 36 5.9 +0.9
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.9 59 7 8.7 +3.7
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.9 15 51 4.6 -0.4
CLNR IQ Cleaner Transport ETF 0.9 45 21 4.9 -0.1
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 4.5 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 3 11.8 +6.8
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 16.6 +11.6
BESF Bastion Energy ETF 0.8 80 -14 5.8 +0.8
IWN iShares Russell 2000 Value ETF 0.8 24 42 5.6 +0.6
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 5.7 +0.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.7 35 31 6.8 +1.8
KNO AXS Knowledge Leaders ETF 0.7 78 -12 5.0 +0.0
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -14 10.2 +5.2
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.6 +2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 35 5.8 +0.8
ENOR iShares MSCI Norway ETF 0.7 53 13 9.3 +4.3
NORW Global X MSCI Norway ETF 0.7 50 16 9.5 +4.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 7.1 +2.1
UIVM VictoryShares International Value Momentum ETF 0.7 35 31 7.5 +2.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -14 5.5 +0.5
VPU Vanguard Utilities ETF 0.7 9 57 4.9 -0.1
FPWR First Trust EIP Power Solutions ETF 0.7 96 -30 4.7 -0.4
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 24 6.5 +1.5
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.9 -0.1
DFIS Dimensional International Small Cap ETF 0.7 39 27 6.2 +1.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 -9 8.3 +3.3
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 14 6.1 +1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.0 +0.0
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 3.8 -1.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.6 80 -14 6.5 +1.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 21 9.3 +4.3
TRFM AAM Transformers ETF 0.6 49 17 1.0 -4.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 26 6.2 +1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.1 +1.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -4 1.6 -3.4
FILL iShares MSCI Global Energy Producers ETF 0.6 39 27 5.3 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 0.6 32 34 5.4 +0.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 5.3 +0.3
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.7 +1.7
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 8.8 +3.8
WCEO Hypatia Women CEO ETF 0.6 85 -19 2.8 -2.2
TTAI FCF International Quality ETF 0.6 59 7 6.5 +1.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -4 6.4 +1.4
INTF iShares International Equity Factor ETF 0.5 15 51 6.5 +1.5
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 24 5.7 +0.7
DWMF WisdomTree International Multifactor Fund 0.5 38 28 6.4 +1.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 54 6.6 +1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -14 9.3 +4.3
BLES Inspire Global Hope ETF 0.5 61 5 6.0 +1.0
STXK Strive Small-Cap ETF 0.5 18 48 5.2 +0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 6 5.8 +0.8
WDNA WisdomTree BioRevolution Fund 0.5 45 21 -1.9 -6.9
IJR iShares Core S&P Small Cap ETF 0.5 6 60 6.6 +1.6
FEP First Trust Europe AlphaDEX Fund 0.5 80 -14 6.9 +1.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.1 +0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.3 -0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 2.7 -2.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 58 6.4 +1.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 49 4.7 -0.3
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 6.6 +1.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 6.6 +1.6
POW VistaShares Electrification Supercycle ETF 0.4 75 -9 2.9 -2.1
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -5.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.4 24 42 6.4 +1.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 6.8 +1.8
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 6.2 +1.2
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 3.2 -1.8
AVSD Avantis Responsible International Equity ETF 0.4 23 43 4.6 -0.4
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.4 12 54 7.0 +2.0
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 4.9 -0.1
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.4 15 51 4.8 -0.2
DXIV Dimensional International Vector Equity ETF 0.4 34 32 6.6 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 28 8.1 +3.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 42 7.2 +2.2
AVES Avantis Emerging Markets Value ETF 0.4 36 30 9.4 +4.4
IWM iShares Russell 2000 ETF 0.4 19 47 3.1 -1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 5.5 +0.5
RSSL Global X Russell 2000 ETF 0.4 8 58 3.1 -1.9
DTH WisdomTree International High Dividend Fund 0.4 58 8 7.4 +2.4
FESM Fidelity Enhanced Small Cap ETF 0.4 28 38 2.7 -2.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 5.7 +0.7
STXE Strive Emerging Markets Ex-China ETF 0.4 32 34 6.1 +1.1
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 4.8 -0.2
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -19 5.2 +0.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 4.2 -0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 6.8 +1.8
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 4.5 -0.5
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -5.0
AVDE Avantis International Equity ETF 0.3 23 43 6.3 +1.3
TPIF Timothy Plan International ETF 0.3 62 4 5.4 +0.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -13 7.0 +2.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.5 -2.5
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.7 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 13.4 +8.4
VTWO Vanguard Russell 2000 ETF 0.3 7 59 3.2 -1.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 6.9 +1.9
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 8.4 +3.4
EES WisdomTree U.S. SmallCap Fund 0.3 38 28 7.5 +2.5
BKF iShares MSCI BIC ETF 0.3 69 -3 11.7 +6.7
DFSV Dimensional US Small Cap Value ETF 0.3 31 35 9.1 +4.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.1 +0.1
GWX SPDR S&P International Small Cap ETF 0.3 40 26 5.9 +0.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 5.6 +0.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 6.6 +1.6
XT iShares Exponential Technologies ETF 0.3 46 20 4.2 -0.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -4 9.2 +4.2
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 6.3 +1.3
IPOS Renaissance International IPO ETF 0.3 80 -14 1.7 -3.3
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 6.5 +1.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 42 6.4 +1.4
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 54 6.1 +1.1
ITAN Sparkline Intangible Value ETF 0.3 50 16 5.6 +0.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.5 -5.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 57 8.3 +3.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 6.9 +1.9
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 7.8 +2.8
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 7.3 +2.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 56 7.7 +2.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 8.2 +3.2
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 4.6 -0.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 5.7 +0.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 57 3.4 -1.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 6.9 +1.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -4 3.3 -1.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.3 +1.3
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 6.0 +1.0
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 6.2 +1.2
IEUR iShares Core MSCI Europe ETF 0.2 11 55 6.3 +1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 5.5 +0.5
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.0 +0.0
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.1 -0.9
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 6.1 +1.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.6 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 6.1 +1.1
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 6.0 +1.0
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.4 -3.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 46 4.7 -0.3
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 6.2 +1.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.2 19 47 5.1 +0.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 6.2 +1.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.2 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 16 9.1 +4.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 4.9 -0.1
IQSI IQ Candriam International Equity ETF 0.2 15 51 5.6 +0.6
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 8.2 +3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.6 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 7.6 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 6.5 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 7.4 +2.4
VGK Vanguard FTSE Europe ETF 0.2 6 60 6.4 +1.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.6 +0.6
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 6.1 +1.1
EFV iShares MSCI EAFE Value ETF 0.2 34 32 7.7 +2.7
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.7 +1.7
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.3 +1.3
VB Vanguard Small-Cap ETF 0.2 5 61 5.2 +0.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.2 10 56 4.9 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 6.0 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 6.3 +1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 24 5.5 +0.5
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 54 6.9 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 5.8 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 0.9 -4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 4.8 -0.2
VXUS Vanguard Total International Stock ETF 0.2 5 61 6.8 +1.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 5.8 +0.8
VXF Vanguard Extended Market ETF 0.2 5 61 3.9 -1.1
IDU iShares U.S. Utilities ETF 0.2 40 26 4.4 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.9 +2.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 6.0 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 8.2 +3.2
SCHY Schwab International Dividend Equity ETF 0.2 14 52 8.8 +3.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 8.5 +3.5
DWM WisdomTree International Equity Fund 0.2 48 18 6.3 +1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 6.9 +1.9
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -23 4.2 -0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 6.2 +1.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 6.7 +1.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 37 6.9 +1.9
VBR Vanguard Small Cap Value ETF 0.2 7 59 7.8 +2.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 9.4 +4.4
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 9.0 +4.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 5.4 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 14.2 +9.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 36 8.0 +3.0
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 7.4 +2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 34 5.3 +0.3
EMMF WisdomTree Emerging Markets Multifactor Fund 0.2 48 18 5.9 +0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 8.3 +3.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 7.9 +2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 26 6.4 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 62 6.8 +1.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 -3 8.0 +3.0
SCHF Schwab International Equity ETF 0.1 6 60 6.2 +1.2
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 7.9 +2.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 5.8 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 48 6.4 +1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 5.9 +0.9
EFA iShares MSCI EAFE ETF 0.1 35 31 5.8 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 8.3 +3.3
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 6.2 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 5.9 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 5.8 +0.8
DEW WisdomTree Global High Dividend Fund 0.1 58 8 7.5 +2.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 7.2 +2.2
AFK VanEck Africa Index ETF 0.1 98 -32 10.9 +5.9
EZU iShares MSCI Eurozone ETF 0.1 52 14 5.7 +0.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 8.7 +3.7
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 5.6 +0.6
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.0 +1.0
BKIE BNY Mellon International Equity ETF 0.1 4 62 6.0 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 6.4 +1.4
GXC SPDR S & P China ETF 0.1 59 7 14.2 +9.2
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 7.4 +2.4
DXUV Dimensional US Vector Equity ETF 0.1 28 38 5.2 +0.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 8.4 +3.4
FLEE Franklin FTSE Europe ETF 0.1 9 57 6.3 +1.3
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 6.1 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 6.9 +1.9
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.4 +1.4
IEV iShares Europe ETF 0.1 67 -1 5.8 +0.8
SFYX SoFi Next 500 ETF 0.1 0 66 4.9 -0.1
VPL Vanguard FTSE Pacific ETF 0.1 7 59 5.7 +0.7
DIHP Dimensional International High Profitability ETF 0.1 29 37 5.8 +0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 8.5 +3.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 7.2 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.4 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 6.4 +1.4
AVIV Avantis International Large Cap Value ETF 0.1 25 41 7.4 +2.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 6.0 +1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 7.5 +2.5
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.3 +0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 11.6 +6.6
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.1 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 5.0 -0.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 3.6 -1.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 7.0 +2.0
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 5.3 +0.3
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 6.5 +1.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 5.7 +0.7
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.0 -0.1
FENI Fidelity Enhanced International ETF 0.1 28 38 5.6 +0.6
FLCH Franklin FTSE China ETF 0.1 19 47 14.0 +9.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 25 5.2 +0.2
VSGX Vanguard ESG International Stock ETF 0.1 10 56 6.6 +1.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.0 +4.0
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 8.7 +3.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 8.7 +3.7
GLOF iShares Global Equity Factor ETF 0.1 20 46 5.9 +0.9
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 5.7 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 7.4 +2.4
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 7.5 +2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 6.6 +1.6
DFIV Dimensional International Value ETF 0.1 27 39 8.0 +3.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 8.1 +3.1
IGF iShares Global Infrastructure ETF 0.1 41 25 4.5 -0.6
MCHI iShares MSCI China ETF 0.1 59 7 15.1 +10.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 6.0 +1.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.5 -0.5
VT Vanguard Total World Stock ETF 0.1 6 60 5.1 +0.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 4.7 -0.3
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 3.6 -1.4
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 41 8.5 +3.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 4.7 -0.3
STXM Strive Mid-Cap ETF 0.1 18 48 5.4 +0.4
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.3 +1.3
VIS Vanguard Industrials ETF 0.1 9 57 3.7 -1.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 8.3 +3.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 6.9 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.0 +0.0
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 9.2 +4.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 6.8 +1.8
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 4.6 -0.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 54 6.4 +1.4
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 49 6.0 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 5.5 +0.5
ACWI iShares MSCI ACWI ETF 0.1 32 34 4.7 -0.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 46 5.3 +0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 3.8 -1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 1 7.0 +2.0
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 5.7 +0.7
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 8.1 +3.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.4 +1.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 4.5 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 11.2 +6.2
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 5.5 +0.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 6.8 +1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 4.5 -0.5
AVUS Avantis U.S. Equity ETF 0.0 15 51 4.9 -0.1
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.1 +2.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.1 +0.1
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.3 -0.7
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 7.1 +2.1
SMMD iShares Russell 2500 ETF 0.0 15 51 5.7 +0.7
URTH iShares MSCI World ETF 0.0 24 42 4.4 -0.6
EBI Longview Advantage ETF 0.0 35 31 5.7 +0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 4.9 -0.2
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 5.0 +0.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 7.3 +2.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 7.8 +2.8
REVS Columbia Research Enhanced Value ETF 0.0 19 47 6.9 +1.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.0 10 56 6.3 +1.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 4.7 -0.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.1 -1.9
PFM Invesco Dividend Achievers ETF 0.0 53 13 4.6 -0.4
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.2 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 7.1 +2.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.3 -0.7
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.1 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.2 -0.8
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 3.4 -1.7
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 5.9 +0.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.3 -0.7
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.2 -0.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.1 -0.9
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 5.9 +0.9
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.1 -0.9
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.2 -0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 6.2 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 5.9 +0.9
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.0 +0.0
IWR iShares Russell Midcap ETF 0.0 19 47 5.4 +0.4
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.4 -0.6
IWV iShares Russell 3000 ETF 0.0 20 46 4.0 -1.0
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.4 -1.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.3 +1.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 10.3 +5.3
VEGN US Vegan Climate ETF 0.0 60 6 3.8 -1.2
DIVB iShares Core Dividend ETF 0.0 5 61 7.3 +2.3
STXV Strive 1000 Value ETF 0.0 18 48 7.1 +2.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.2 +1.2
SCHK Schwab 1000 Index ETF 0.0 5 61 4.3 -0.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.6 +0.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 5.7 +0.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.2 -0.8
AVUQ Avantis U.S. Quality ETF 0.0 15 51 3.5 -1.5
IWD iShares Russell 1000 Value ETF 0.0 19 47 5.5 +0.5
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 5.7 +0.7
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.3 -0.8
IWB iShares Russell 1000 ETF 0.0 15 51 4.2 -0.9
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.1 -0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.2 -0.8
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -14 10.1 +5.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Global X Renewable Energy Producers ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 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.