Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 17.7x P/Sales
ratio		 1.6x
P/BV
ratio		 0.9x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X YieldCo & Renewable Energy Income ETF seeks to provide investors with exposure to an emerging class of income-generating renewable energy assets called YieldCos.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 27, 2015
Assets (mns) $24
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 37
Wgt avg mkt cap (mns) $6,378
Large cap (>$10bn) 21.6%
Mid cap ($2-10bn) 63.1%
Small cap (<$2bn) 14.0%
Developed mkts 77.2%
Emerging mkts 22.8%

TOP TEN HOLDINGS
CENTRAIS ELETRICAS BRASILIER 8.3 %
DONG ENERGY A/S 7.1 %
MERIDIAN ENERGY LTD 6.5 %
EDP RENOVAVEIS SA 6.4 %
VERBUND AG 6.2 %
ENGIE BRASIL ENERGIA S.A. 5.7 %
BROOKFIELD RENEWABLE PARTNERS LP 5.1 %
MIGHTY RIVER POWER 4.8 %
ORMAT TECHNOLOGIES INC 4.7 %
CONTACT ENERGY LTD 4.6 %
Total 59.4 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 16.1 %
BRAZIL 14.2 %
UNITED STATES 9.9 %
CANADA 8.3 %
SPAIN 7.4 %
DENMARK 7.2 %
AUSTRIA 6.3 %
BERMUDA 5.2 %
CHINA 4.6 %
ISRAEL 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% -7.3% -6.4% -- -2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.91 45%
MSCI EAFE 1.00 57%
MSCI Emg. Mkts. 0.88 44%

Technical Indicators
Recent close $9.21
30d moving avg. $8.58
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 399 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™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNRG
Ticker Fund
Name		 Overlap1
vs RNRG
(%)		 Expense
ratio
(bp)		 Savings
vs RNRG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RNRG
(%)
FRNW Fidelity Clean Energy ETF 37.1 39 27 4.3 -1.6
FAN First Trust Global Wind Energy ETF 29.8 60 6 4.9 -1.0
ACES ALPS Clean Energy ETF 23.0 55 11 -3.3 -9.2
WNDY Global X Wind Energy ETF 20.8 50 16 4.9 -0.9
ICLN iShares Global Clean Energy ETF 19.4 41 25 6.0 +0.1
PBD Invesco Global Clean Energy ETF 15.2 75 -9 0.5 -5.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 14.2 75 -9 8.1 +2.2
TAN Invesco Solar ETF 13.8 67 -1 7.9 +2.0
SMOG VanEck Low Carbon Energy ETF 11.4 61 5 1.6 -4.3
VCLN Virtus Duff & Phelps Clean Energy ETF 9.2 59 7 5.8 -0.1
ENZL iShares MSCI New Zealand ETF 8.1 50 16 3.6 -2.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.4 58 8 -3.1 -9.0
CNRG SPDR S&P Kensho Clean Power ETF 6.4 45 21 0.6 -5.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.8 79 -13 5.7 -0.2
RNEW VanEck Green Infrastructure ETF 5.5 45 21 -1.5 -7.4
PBW Invesco WilderHill Clean Energy ETF 5.3 66 0 -5.2 -11.0
ERTH Invesco MSCI Sustainable Future ETF 4.8 62 4 3.5 -2.4
ITEQ BlueStar Israel Technology ETF 4.2 75 -9 2.0 -3.8
PID Invesco International Dividend Achievers ETF 4.0 53 13 5.7 -0.2
EWO iShares MSCI Austria ETF 4.0 50 16 11.2 +5.4
KGRN KraneShares MSCI China Clean Technology Index ETF 3.8 79 -13 3.6 -2.3
IDX VanEck Indonesia Index ETF 3.7 57 9 7.6 +1.7
EWZ iShares MSCI Brazil ETF 3.1 58 8 13.3 +7.4
XT iShares Exponential Technologies ETF 3.1 46 20 5.6 -0.3
OCEN IQ Clean Oceans ETF 3.0 45 21 6.6 +0.7
RAYS Global X Solar ETF 3.0 51 15 5.9 0.0
DTEC ALPS Disruptive Technologies ETF 2.9 50 16 3.8 -2.1
VOLT Tema Electrification ETF 2.9 75 -9 3.1 -2.8
FLBR Franklin FTSE Brazil ETF 2.9 19 47 15.3 +9.5
ECLN First Trust EIP Carbon Impact ETF 2.8 96 -30 4.1 -1.8
FLN First Trust Latin America AlphaDEX Fund 2.7 80 -14 10.1 +4.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.5 55 11 5.8 -0.0
FXU First Trust Utilities AlphaDEX Fund 2.5 64 2 5.5 -0.4
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.5 29 37 4.6 -1.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.5 30 36 12.3 +6.4
CCNR ALPS CoreCommodity Natural Resources ETF 2.4 39 27 12.1 +6.2
FBZ First Trust Brazil AlphaDEX Fund 2.3 80 -14 12.5 +6.7
EMIF iShares Emerging Markets Infrastructure ETF 2.2 60 6 6.8 +0.9
CCSO Carbon Collective Climate Solutions US Equity ETF 2.1 35 31 1.2 -4.7
EDEN iShares MSCI Denmark ETF 2.1 53 13 6.9 +1.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 6 10.6 +4.8
ISRA VanEck Israel ETF 1.9 59 7 7.4 +1.5
FICS First Trust International Developed Capital Strength ETF 1.9 70 -4 6.1 +0.3
BLLD JPMorgan Sustainable Infrastructure ETF 1.8 49 17 6.2 +0.3
TEMP JPMorgan Climate Change Solutions ETF 1.8 49 17 5.9 +0.0
RFEU First Trust Riverfront Dynamic Europe ETF 1.8 83 -17 10.6 +4.7
IWTR iShares MSCI Water Management Multisector ETF 1.8 47 19 6.0 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.8 49 17 6.3 +0.5
FLLA Franklin FTSE Latin America ETF 1.7 19 47 13.2 +7.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.6 52 14 7.0 +1.1
ILF iShares Latin America 40 ETF 1.6 48 18 13.0 +7.2
GVAL Cambria Global Value ETF 1.5 68 -2 11.1 +5.2
CLNR IQ Cleaner Transport ETF 1.3 45 21 6.9 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 6 8.5 +2.6
HAP VanEck Natural Resources ETF 1.2 50 16 10.1 +4.2
ETHO Etho Climate Leadership U.S. ETF 1.2 47 19 5.6 -0.2
EIS iShares MSCI Israel ETF 1.1 58 8 8.2 +2.3
CHGX AXS Change Finance ESG ETF 1.1 49 17 4.9 -1.0
RCGE RockCreek Global Equality ETF 1.1 95 -29 6.4 +0.6
JXI iShares Global Utilities ETF 1.1 43 23 5.9 +0.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.5 +2.7
ZAP Global X U.S. Electrification ETF 1.0 50 16 4.5 -1.4
BRF VanEck Brazil Small-Cap ETF 1.0 66 0 12.2 +6.3
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 7 12.1 +6.2
WDIV SPDR S&P Global Dividend ETF 1.0 40 26 9.7 +3.9
DISV Dimensional International Small Cap Value ETF 0.9 42 24 9.8 +4.0
WBIY WBI Power Factor High Dividend ETF 0.9 100 -34 17.1 +11.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 9.6 +3.7
WWJD Inspire International ETF 0.9 80 -14 7.4 +1.5
PSCI Invesco S&P SmallCap Industrials ETF 0.9 29 37 5.8 -0.1
EWZS iShares MSCI Brazil Small-Cap ETF 0.9 59 7 11.5 +5.6
KNO AXS Knowledge Leaders ETF 0.8 78 -12 6.1 +0.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.8 59 7 6.3 +0.5
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 48 10.5 +4.6
DVYE iShares Emerging Markets Dividend ETF 0.7 49 17 18.6 +12.7
SLYV SPDR S&P 600 Small Cap Value ETF 0.7 15 51 10.5 +4.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.7 15 51 10.5 +4.6
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 7 7.4 +1.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 8.2 +2.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 -9 10.2 +4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 17 7.4 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -14 11.9 +6.0
DFIS Dimensional International Small Cap ETF 0.7 39 27 7.8 +1.9
TRFM AAM Transformers ETF 0.6 49 17 1.7 -4.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.6 35 31 11.4 +5.5
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 10.9 +5.0
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -14 12.6 +6.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.6 49 17 4.3 -1.6
AVDV Avantis International Small Cap Value ETF 0.6 36 30 10.6 +4.7
AVES Avantis Emerging Markets Value ETF 0.6 36 30 12.0 +6.1
ENOR iShares MSCI Norway ETF 0.6 53 13 10.2 +4.3
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 7.1 +1.2
GINN Goldman Sachs Innovate Equity ETF 0.6 52 14 4.1 -1.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 6.2 +0.3
FUTY Fidelity MSCI Utilities Index ETF 0.6 8 58 5.3 -0.5
VPU Vanguard Utilities ETF 0.6 10 56 5.3 -0.6
TTAI FCF International Quality ETF 0.6 59 7 7.1 +1.2
IWN iShares Russell 2000 Value ETF 0.5 24 42 8.1 +2.3
VTWV Vanguard Russell 2000 Value ETF 0.5 15 51 8.1 +2.3
NORW Global X MSCI Norway ETF 0.5 50 16 10.2 +4.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 8 8.7 +2.8
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 7 4.6 -1.3
NUSC Nuveen ESG Small-Cap ETF 0.5 31 35 5.6 -0.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 6.3 +0.4
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 14 7.1 +1.2
WCEO Hypatia Women CEO ETF 0.5 85 -19 4.8 -1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -5 0.5 -5.4
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 19 5.5 -0.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 51 8.2 +2.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 6.7 +0.8
BLES Inspire Global Hope ETF 0.5 61 5 6.9 +1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 59 7.1 +1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 62 6.3 +0.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 19 3.7 -2.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -14 9.6 +3.7
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 24 7.4 +1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -13 8.9 +3.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 21 10.7 +4.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 22 10.8 +4.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 31 8.1 +2.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 54 7.6 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 54 5.3 -0.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 8.2 +2.4
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 46 3.5 -2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 35 6.5 +0.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 42 7.7 +1.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 26 7.4 +1.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 3 13.5 +7.6
IJR iShares Core S&P Small Cap ETF 0.4 6 60 8.1 +2.2
GWX SPDR S&P International Small Cap ETF 0.4 40 26 6.7 +0.9
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 7.0 +1.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 10 56 8.0 +2.2
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 8.1 +2.2
DFSV Dimensional US Small Cap Value ETF 0.4 31 35 10.8 +5.0
STXE Strive Emerging Markets Ex-China ETF 0.4 32 34 7.9 +2.0
STXK Strive Small-Cap ETF 0.3 18 48 6.4 +0.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 47 6.2 +0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -14 12.3 +6.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 8.6 +2.7
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 8.9 +3.1
DTH WisdomTree International High Dividend Fund 0.3 58 8 9.1 +3.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -14 10.0 +4.1
INTF iShares International Equity Factor ETF 0.3 15 51 7.9 +2.1
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 10.5 +4.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 26 7.2 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 42 8.2 +2.3
AVDE Avantis International Equity ETF 0.3 23 43 7.9 +2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 16.6 +10.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -4 2.9 -3.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 6.1 +0.2
BKF iShares MSCI BIC ETF 0.3 69 -3 13.5 +7.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 6.7 +0.8
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 6.5 +0.6
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 42 6.6 +0.8
AVSD Avantis Responsible International Equity ETF 0.3 23 43 5.9 -0.0
WDNA WisdomTree BioRevolution Fund 0.3 45 21 -1.7 -7.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 27 10.0 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 7 12.2 +6.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 8.2 +2.3
IWM iShares Russell 2000 ETF 0.3 19 47 4.7 -1.1
VTWO Vanguard Russell 2000 ETF 0.3 10 56 4.7 -1.1
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.8 +0.9
VBK Vanguard Small-Cap Growth ETF 0.3 7 59 1.9 -3.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 8.1 +2.2
TPIF Timothy Plan International ETF 0.2 62 4 6.4 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.1 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 6.4 +0.6
RSSL Global X Russell 2000 ETF 0.2 8 58 4.7 -1.2
THD iShares MSCI Thailand ETF 0.2 58 8 0.0 -5.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.2 12 54 8.7 +2.8
DIM WisdomTree International MidCap Dividend Fund 0.2 58 8 7.8 +1.9
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 5.1 -0.8
DFIC Dimensional International Core Equity 2 ETF 0.2 23 43 7.8 +2.0
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.7 +2.8
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 6.1 +0.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 51 8.2 +2.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 60 2.9 -3.0
VYMI Vanguard International High Dividend Yield ETF 0.2 22 44 9.9 +4.0
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 38 10.0 +4.1
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 6.8 +1.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 7.1 +1.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 8.2 +2.3
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.7 +0.8
INEQ Columbia International Equity Income ETF 0.2 45 21 8.7 +2.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 8.9 +3.1
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 7.5 +1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 8.4 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 7.3 +1.4
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 7.0 +1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 10.2 +4.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 6.3 +0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 2.3 -3.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 7.8 +1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 48 9.2 +3.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 5 6.6 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 10.4 +4.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 9.5 +3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.9 +1.1
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 9.3 +3.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 10.5 +4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 36 10.7 +4.8
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 8.2 +2.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 7.3 +1.5
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 51 9.2 +3.3
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 58 10.9 +5.0
VXUS Vanguard Total International Stock ETF 0.2 7 59 8.2 +2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 51 9.2 +3.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.5 -0.3
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 7.3 +1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 8.4 +2.5
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 11.5 +5.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 9.3 +3.5
VEA Vanguard FTSE Developed Markets ETF 0.2 5 61 7.5 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.9 +0.1
EFG iShares MSCI EAFE Growth ETF 0.2 36 30 4.4 -1.4
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 60 9.7 +3.8
IDU iShares U.S. Utilities ETF 0.2 40 26 4.7 -1.1
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 10.6 +4.7
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 10.0 +4.2
IEUR iShares Core MSCI Europe ETF 0.2 11 55 7.4 +1.6
FEP First Trust Europe AlphaDEX Fund 0.2 80 -14 9.6 +3.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 7.4 +1.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 6.3 +0.5
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 41 6.3 +0.4
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 7.6 +1.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 7.5 +1.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 7.4 +1.5
IPAC iShares Core MSCI Pacific ETF 0.2 9 57 7.0 +1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.8 -0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 6 7.8 +2.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 7.6 +1.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 56 7.6 +1.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 7.5 +1.6
VB Vanguard Small-Cap ETF 0.2 5 61 6.3 +0.5
VGK Vanguard FTSE Europe ETF 0.2 11 55 7.4 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 10.3 +4.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 7.3 +1.4
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.8 +0.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -14 15.1 +9.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 8.0 +2.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 6.7 +0.9
SCHY Schwab International Dividend Equity ETF 0.1 14 52 9.7 +3.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 10.8 +5.0
GXC SPDR S&P China ETF 0.1 59 7 17.1 +11.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 8.2 +2.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 49 6.0 +0.1
AFK VanEck Africa Index ETF 0.1 98 -32 12.3 +6.5
SPEU SPDR Portfolio Europe ETF 0.1 7 59 7.4 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 6.7 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 7.2 +1.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 9.4 +3.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 16.8 +11.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 58 8.4 +2.5
VPL Vanguard FTSE Pacific ETF 0.1 8 58 7.5 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 46 6.5 +0.7
DIHP Dimensional International High Profitability ETF 0.1 29 37 7.3 +1.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 15 51 6.0 +0.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 51 6.0 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 8.0 +2.1
VXF Vanguard Extended Market ETF 0.1 6 60 5.0 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 7.7 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 10.9 +5.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 7.2 +1.3
EFA iShares MSCI EAFE ETF 0.1 35 31 7.0 +1.1
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.5 +1.6
XCEM Columbia EM Core ex-China ETF 0.1 16 50 8.3 +2.4
KALL KraneShares MSCI All China Index ETF 0.1 49 17 14.9 +9.0
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.3 +1.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 10.7 +4.8
BKIE BNY Mellon International Equity ETF 0.1 4 62 7.3 +1.4
DWM WisdomTree International Equity Fund 0.1 48 18 7.7 +1.8
EZU iShares MSCI Eurozone ETF 0.1 52 14 6.8 +0.9
SCHF Schwab International Equity ETF 0.1 6 60 7.6 +1.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 8.0 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 8.1 +2.2
HKND Humankind US Stock ETF 0.1 11 55 7.4 +1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 51 8.5 +2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 6.6 +0.8
FLEE Franklin FTSE Europe ETF 0.1 9 57 7.3 +1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 20.5 +14.6
IEV iShares Europe ETF 0.1 67 -1 6.9 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.7 +1.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 6.8 +1.0
FENI Fidelity Enhanced International ETF 0.1 28 38 6.9 +1.0
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 8.6 +2.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 57 4.7 -1.2
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.8 +1.9
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 6.0 +0.1
MCHI iShares MSCI China ETF 0.1 59 7 18.3 +12.4
IGRO iShares International Dividend Growth ETF 0.1 15 51 7.3 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 10.1 +4.2
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 6.3 +0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 9.4 +3.6
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.8 +2.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 8.8 +2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 9.9 +4.0
EFV iShares MSCI EAFE Value ETF 0.1 34 32 9.4 +3.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 7.1 +1.2
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.8 +3.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 7.9 +2.1
SFYX SoFi Next 500 ETF 0.1 0 66 5.9 -0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 9.2 +3.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 27 6.1 +0.2
FLCH Franklin FTSE China ETF 0.1 19 47 17.4 +11.5
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.9 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 6.0 +0.1
IGF iShares Global Infrastructure ETF 0.1 41 25 4.7 -1.1
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.7 -1.1
VSGX Vanguard ESG International Stock ETF 0.1 12 54 8.0 +2.1
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.7 +0.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 42 8.0 +2.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 9.9 +4.1
VBR Vanguard Small Cap Value ETF 0.1 7 59 9.4 +3.5
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -23 4.5 -1.4
VT Vanguard Total World Stock ETF 0.1 7 59 6.2 +0.3
AVIV Avantis International Large Cap Value ETF 0.1 25 41 9.1 +3.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 8.1 +2.2
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.9 +0.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.9 +4.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 51 6.2 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.8 +4.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 6.1 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.8 +1.9
DFIV Dimensional International Value ETF 0.1 27 39 10.2 +4.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 8 5.0 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 10.0 +4.1
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 9.4 +3.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 8.5 +2.6
ACWI iShares MSCI ACWI ETF 0.0 32 34 5.8 -0.0
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 5.3 -0.6
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 5.6 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 10.6 +4.8
SMMD iShares Russell 2500 ETF 0.0 15 51 6.6 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 24 5.6 -0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 5.4 -0.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 25 7.0 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 9.7 +3.9
VEGN US Vegan Climate ETF 0.0 60 6 4.6 -1.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 8 8.2 +2.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.6 +1.8
VIS Vanguard Industrials ETF 0.0 10 56 4.7 -1.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.8 -0.1
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 9.8 +3.9
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 7.8 +1.9
TOK iShares MSCI Kokusai ETF 0.0 26 40 5.3 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 13.7 +7.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 8.0 +2.1
URTH iShares MSCI World ETF 0.0 24 42 5.4 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 6.1 +0.2
EBI Longview Advantage ETF 0.0 35 31 6.9 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 9.8 +3.9
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.9 +2.0
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 58 4.6 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 11.8 +5.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 6.6 +0.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 6.0 +0.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 4.0 -1.9
PFM Invesco Dividend Achievers ETF 0.0 53 13 5.4 -0.4
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.9 +1.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.3 -0.6
IWR iShares Russell Midcap ETF 0.0 19 47 5.9 +0.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 6.2 +0.3
AVUS Avantis U.S. Equity ETF 0.0 15 51 6.1 +0.2
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 6.3 +0.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.0 +1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.8 -1.1
RECS Columbia Research Enhanced Core ETF 0.0 15 51 6.1 +0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 7.1 +1.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.4 +1.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 5.2 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 5.1 -0.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.4 -0.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 5.1 -0.8
IWV iShares Russell 3000 ETF 0.0 20 46 5.0 -0.9
VTI Vanguard Total Stock Market ETF 0.0 3 63 5.1 -0.8
DFUS Dimensional U.S. Equity ETF 0.0 9 57 5.1 -0.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.9 -0.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.6 -0.3
DIVB iShares Core Dividend ETF 0.0 5 61 7.9 +2.0
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 7.3 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.7 -1.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.4 +1.5
VTHR Vanguard Russell 3000 ETF 0.0 10 56 5.1 -0.8
STXV Strive 1000 Value ETF 0.0 18 48 8.3 +2.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 7.1 +1.2
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 14.0 +8.1
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.7 +0.8
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.5 +0.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.7 +0.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 5.1 -0.8
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.6 +0.7
VONV Vanguard Russell 1000 Value ETF 0.0 8 58 6.7 +0.8
TXS Texas Capital Texas Equity Index ETF 0.0 49 17 5.8 -0.1
IYY iShares Dow Jones U.S. ETF 0.0 20 46 5.0 -0.9
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 4.4 -1.5
IWB iShares Russell 1000 ETF 0.0 15 51 5.1 -0.8
VONE Vanguard Russell 1000 ETF 0.0 8 58 5.2 -0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 5.1 -0.8
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 41 10.5 +4.7

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

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RESULTS & ESTIMATES

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

 

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

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

OTHER FUNDAMENTAL METRICS

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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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

Historical valuation trends

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

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

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.8 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 CATEGORY
AVERAGE		 1.55
 
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.