Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 18.2x 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 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) $25
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) $6,455
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 7.2 %
BARITO RENEWABLE 6.2 %
DONG ENERGY A/S 6.0 %
EDP RENOVAVEIS SA 5.9 %
VERBUND AG 5.9 %
MERIDIAN ENERGY LTD 5.9 %
MIGHTY RIVER POWER 4.6 %
CONTACT ENERGY LTD 4.6 %
ENGIE BRASIL ENERGIA S.A. 4.5 %
ORMAT TECHNOLOGIES INC 4.4 %
Total 55.0 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 14.9 %
BRAZIL 12.5 %
UNITED STATES 11.1 %
SPAIN 9.8 %
INDONESIA 9.8 %
AUSTRIA 5.8 %
CANADA 5.8 %
ISRAEL 4.7 %
CHINA 4.4 %
BERMUDA 4.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.8% -1.1% -6.4% 0.0% -1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.98 45%
MSCI EAFE 0.97 50%
MSCI Emg. Mkts. 0.82 38%

Technical Indicators
Recent close $10.22
30d moving avg. $10.03
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 411 potential alternatives to the Global X Renewable Energy Producers ETF ETF based on the alternatives' overlap in portfolio holdings with RNRG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNRG Expense: 66 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNRG
Ticker Fund
Name		 Overlap1
vs RNRG
(%)		 Expense
ratio
(bp)		 Savings
vs RNRG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RNRG
(%)
FRNW Fidelity Clean Energy ETF 35.0 39 27 3.3 -2.2
FAN First Trust Global Wind Energy ETF 27.9 60 6 4.5 -1.0
WNDY Global X Wind Energy ETF 23.5 50 16 5.6 +0.0
ACES ALPS Clean Energy ETF 19.8 55 11 -3.5 -9.1
ICLN iShares Global Clean Energy ETF 19.7 41 25 5.2 -0.4
TAN Invesco Solar ETF 16.6 67 -1 6.9 +1.4
PBD Invesco Global Clean Energy ETF 15.6 75 -9 -0.3 -5.8
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 14.1 75 -9 7.8 +2.3
SMOG VanEck Low Carbon Energy ETF 10.9 61 5 1.8 -3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 8.9 59 7 5.0 -0.5
ENZL iShares MSCI New Zealand ETF 7.8 50 16 3.9 -1.7
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 7.5 58 8 -2.3 -7.8
CNRG SPDR S&P Kensho Clean Power ETF 6.4 45 21 1.0 -4.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.8 79 -13 4.9 -0.6
IDX VanEck Indonesia Index ETF 5.7 57 9 7.2 +1.7
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.7 -1.8
PBW Invesco WilderHill Clean Energy ETF 5.5 66 0 -3.7 -9.2
ITEQ BlueStar Israel Technology ETF 5.4 75 -9 1.7 -3.8
RAYS Global X Solar ETF 4.9 51 15 6.5 +1.0
EWO iShares MSCI Austria ETF 4.2 50 16 10.7 +5.2
PID Invesco International Dividend Achievers ETF 4.1 53 13 5.5 -0.0
KGRN KraneShares MSCI China Clean Technology Index ETF 3.6 79 -13 0.4 -5.2
EWZ iShares MSCI Brazil ETF 3.3 58 8 13.2 +7.7
DTEC ALPS Disruptive Technologies ETF 3.2 50 16 3.9 -1.7
XT iShares Exponential Technologies ETF 3.1 46 20 4.9 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 3.0 39 27 11.0 +5.5
ECLN First Trust EIP Carbon Impact ETF 3.0 96 -30 4.0 -1.6
FLBR Franklin FTSE Brazil ETF 2.9 19 47 14.5 +8.9
FLN First Trust Latin America AlphaDEX Fund 2.8 80 -14 10.4 +4.9
EDEN iShares MSCI Denmark ETF 2.6 53 13 7.0 +1.5
OCEN IQ Clean Oceans ETF 2.6 45 21 6.0 +0.5
ISRA VanEck Israel ETF 2.4 59 7 7.2 +1.7
CCSO Carbon Collective Climate Solutions US Equity ETF 2.3 35 31 1.0 -4.5
EMIF iShares Emerging Markets Infrastructure ETF 2.3 60 6 5.0 -0.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.2 55 11 5.8 +0.3
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.2 29 37 4.6 -0.9
FXU First Trust Utilities AlphaDEX Fund 2.2 64 2 5.4 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 17 5.8 +0.3
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -17 10.6 +5.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 6 10.8 +5.3
FICS First Trust International Developed Capital Strength ETF 1.9 70 -4 7.3 +1.8
DIV Global X SuperDividend US ETF 1.9 45 21 11.7 +6.2
BLLD JPMorgan Sustainable Infrastructure ETF 1.8 49 17 6.1 +0.6
TEMP JPMorgan Climate Change Solutions ETF 1.8 49 17 5.8 +0.2
GVAL Cambria Global Value ETF 1.7 68 -2 10.5 +5.0
FLLA Franklin FTSE Latin America ETF 1.7 19 47 12.9 +7.4
VOLT Tema Electrification ETF 1.7 75 -9 2.8 -2.7
IWTR iShares MSCI Water Management Multisector ETF 1.6 47 19 5.8 +0.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 13.0 +7.5
ILF iShares Latin America 40 ETF 1.6 48 18 12.9 +7.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 14 6.3 +0.8
EIS iShares MSCI Israel ETF 1.3 58 8 8.0 +2.4
ETHO Etho Climate Leadership U.S. ETF 1.3 47 19 5.3 -0.2
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 6 7.9 +2.4
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 7.5 +2.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.2 59 7 6.1 +0.6
BRF VanEck Brazil Small-Cap ETF 1.2 66 0 11.3 +5.8
JXI iShares Global Utilities ETF 1.2 43 23 5.9 +0.3
HAP VanEck Natural Resources ETF 1.1 50 16 9.4 +3.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.1 49 17 4.7 -0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 37 9.2 +3.7
DISV Dimensional International Small Cap Value ETF 1.1 42 24 9.1 +3.5
EWZS iShares MSCI Brazil Small-Cap ETF 1.0 59 7 10.1 +4.6
PSCI Invesco S&P SmallCap Industrials ETF 1.0 29 37 5.0 -0.5
ZAP Global X U.S. Electrification ETF 1.0 50 16 4.1 -1.4
WDIV SPDR S&P Global Dividend ETF 1.0 40 26 9.2 +3.7
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 7 11.6 +6.1
CLNR IQ Cleaner Transport ETF 1.0 45 21 6.6 +1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 9.0 +3.5
WWJD Inspire International ETF 0.9 80 -14 7.3 +1.8
IJS iShares S&P Small-Cap 600 Value ETF 0.9 18 48 9.7 +4.2
WBIY WBI Power Factor High Dividend ETF 0.8 100 -34 14.7 +9.2
KNO AXS Knowledge Leaders ETF 0.8 78 -12 6.0 +0.5
SLYV SPDR S&P 600 Small Cap Value ETF 0.8 15 51 9.7 +4.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 56 9.7 +4.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 7 7.5 +2.0
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 18.5 +13.0
AVDS Avantis International Small Cap Equity ETF 0.7 30 36 7.3 +1.8
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 46 2.5 -3.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.7 71 -5 0.5 -5.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.7 35 31 10.0 +4.4
NORW Global X MSCI Norway ETF 0.7 50 16 10.6 +5.0
ENOR iShares MSCI Norway ETF 0.7 53 13 10.9 +5.4
DFIS Dimensional International Small Cap ETF 0.7 39 27 7.3 +1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 1 8.1 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -14 11.2 +5.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -14 10.6 +5.0
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -14 11.8 +6.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 54 6.0 +0.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.6 75 -9 9.7 +4.2
IWN iShares Russell 2000 Value ETF 0.6 24 42 7.3 +1.8
VTWV Vanguard Russell 2000 Value ETF 0.6 10 56 7.3 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -4 7.6 +2.1
AVDV Avantis International Small Cap Value ETF 0.6 36 30 9.5 +4.0
AVES Avantis Emerging Markets Value ETF 0.6 36 30 11.1 +5.6
VPU Vanguard Utilities ETF 0.6 9 57 5.3 -0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.8 +1.3
FUTY Fidelity MSCI Utilities Index ETF 0.6 8 58 5.3 -0.3
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 8.0 +2.5
TTAI FCF International Quality ETF 0.6 59 7 7.2 +1.7
IEUS iShares MSCI Europe Small-Cap ETF 0.6 42 24 7.2 +1.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 8 8.8 +3.3
FSST Fidelity Sustainable U.S. Equity ETF 0.5 59 7 4.3 -1.2
SCHC Schwab International Small-Cap Equity ETF 0.5 11 55 6.6 +1.1
RCGE RockCreek Global Equality ETF 0.5 95 -29 6.7 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 27 5.8 +0.2
NUSC Nuveen ESG Small-Cap ETF 0.5 31 35 5.3 -0.2
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 14 6.7 +1.2
WCEO Hypatia Women CEO ETF 0.5 85 -19 3.7 -1.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 5.3 -0.2
BLES Inspire Global Hope ETF 0.5 61 5 6.8 +1.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -4 2.8 -2.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 62 5.9 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 58 6.1 +0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.4 80 -14 5.9 +0.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 26 6.9 +1.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 54 7.3 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -13 9.0 +3.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 21 10.7 +5.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 22 10.7 +5.1
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 3.7 -1.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 31 7.7 +2.2
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.1 -0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 54 5.2 -0.4
IJR iShares Core S&P Small Cap ETF 0.4 6 60 7.6 +2.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 7.8 +2.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.4 80 -14 9.1 +3.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 35 6.3 +0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 42 7.4 +1.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 7.6 +2.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 7.6 +2.0
STXK Strive Small-Cap ETF 0.4 18 48 5.8 +0.3
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.7 +1.2
GWX SPDR S&P International Small Cap ETF 0.4 40 26 6.0 +0.5
TRFM AAM Transformers ETF 0.4 49 17 1.3 -4.2
DFSV Dimensional US Small Cap Value ETF 0.4 31 35 9.9 +4.4
DXIV Dimensional International Vector Equity ETF 0.4 34 32 7.8 +2.3
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 47 5.8 +0.3
STXE Strive Emerging Markets Ex-China ETF 0.3 32 34 7.9 +2.4
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 8.7 +3.2
DTH WisdomTree International High Dividend Fund 0.3 58 8 8.4 +2.9
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -5.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 26 7.2 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 42 8.1 +2.5
RSSL Global X Russell 2000 ETF 0.3 8 58 4.4 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 7.9 +2.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.7 +0.2
IWM iShares Russell 2000 ETF 0.3 19 47 4.3 -1.2
SCHA Schwab U.S. Small-Cap ETF 0.3 4 62 5.9 +0.4
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 10.4 +4.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 3 13.3 +7.8
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 42 6.3 +0.8
VTWO Vanguard Russell 2000 ETF 0.3 7 59 4.3 -1.2
BKF iShares MSCI BIC ETF 0.3 69 -3 13.8 +8.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 7.7 +2.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 6.5 +0.9
AVDE Avantis International Equity ETF 0.3 23 43 7.4 +1.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 54 7.9 +2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 15.9 +10.4
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.3 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -14 9.1 +3.6
WDNA WisdomTree BioRevolution Fund 0.3 45 21 -1.4 -6.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 5.8 +0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 2 2.2 -3.3
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -23 4.8 -0.8
INTF iShares International Equity Factor ETF 0.3 15 51 7.6 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 7 9.0 +3.4
AVSD Avantis Responsible International Equity ETF 0.3 23 43 5.7 +0.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.9 -2.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 8.2 +2.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 27 9.6 +4.0
DFIC Dimensional International Core Equity 2 ETF 0.2 23 43 7.4 +1.9
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 38 9.2 +3.7
TPIF Timothy Plan International ETF 0.2 62 4 6.2 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 6.3 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 6.2 +0.7
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.9 -3.6
DIM WisdomTree International MidCap Dividend Fund 0.2 58 8 7.5 +2.0
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.8 -0.7
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 7.7 +2.1
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.5 -0.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 51 7.9 +2.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 9.7 +4.2
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 7.1 +1.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 7.9 +2.4
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.6 +1.1
INEQ Columbia International Equity Income ETF 0.2 45 21 8.1 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 8.2 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 7.0 +1.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 5 5.9 +0.4
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 48 8.6 +3.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 9.5 +4.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 7.9 +2.4
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.2 +2.7
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 6.6 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 10.0 +4.5
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 51 8.7 +3.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 56 8.8 +3.3
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 6.2 +0.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.8 +1.2
IEUR iShares Core MSCI Europe ETF 0.2 11 55 7.4 +1.9
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 7.0 +1.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 7.0 +1.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 10.2 +4.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 9.3 +3.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.7 +1.2
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 8.6 +3.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 10.3 +4.8
EFV iShares MSCI EAFE Value ETF 0.2 34 32 9.1 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.6 +0.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 7.8 +2.3
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 7.3 +1.7
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 7.1 +1.6
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 7.9 +2.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 7.7 +2.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 7.2 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 36 10.6 +5.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 7.4 +1.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 8.2 +2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 9.1 +3.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 7.3 +1.8
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 7.2 +1.7
VXUS Vanguard Total International Stock ETF 0.2 5 61 7.9 +2.4
SCHY Schwab International Dividend Equity ETF 0.2 14 52 9.7 +4.2
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 10.3 +4.8
VGK Vanguard FTSE Europe ETF 0.2 6 60 7.5 +2.0
SPEU SPDR Portfolio Europe ETF 0.2 7 59 7.4 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 7.0 +1.5
VEGN US Vegan Climate ETF 0.2 60 6 4.5 -1.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 11.1 +5.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 6.0 +0.5
VB Vanguard Small-Cap ETF 0.2 5 61 6.1 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 6.9 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 54 5.5 -0.0
IDU iShares U.S. Utilities ETF 0.2 40 26 4.7 -0.8
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 9.4 +3.9
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 10.5 +5.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 49 5.8 +0.3
AFK VanEck Africa Index ETF 0.2 98 -32 12.0 +6.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 7.8 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 9.7 +4.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 7.1 +1.5
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.6 +1.1
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 6 7.3 +1.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 11 12.5 +7.0
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 41 5.5 +0.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 7.9 +2.3
FEP First Trust Europe AlphaDEX Fund 0.1 80 -14 9.1 +3.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 44 5.8 +0.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 10 56 6.0 +0.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 10.6 +5.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 51 5.8 +0.3
GXC SPDR S&P China ETF 0.1 59 7 15.4 +9.9
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 6.3 +0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 16.5 +11.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 46 6.3 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 6.5 +1.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 7.2 +1.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 8.8 +3.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -14 13.8 +8.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 62 8.1 +2.6
VXF Vanguard Extended Market ETF 0.1 5 61 4.7 -0.9
EFA iShares MSCI EAFE ETF 0.1 35 31 6.7 +1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 7.8 +2.3
EZU iShares MSCI Eurozone ETF 0.1 52 14 6.8 +1.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 7.8 +2.2
DIHP Dimensional International High Profitability ETF 0.1 29 37 7.2 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 7.5 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 10.5 +5.0
XCEM Columbia EM Core ex-China ETF 0.1 16 50 8.4 +2.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 6.9 +1.4
SCHF Schwab International Equity ETF 0.1 6 60 7.3 +1.8
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 7.2 +1.7
KALL KraneShares MSCI All China Index ETF 0.1 49 17 14.9 +9.4
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.0 +1.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 10.4 +4.9
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 9.2 +3.7
BKIE BNY Mellon International Equity ETF 0.1 4 62 7.0 +1.5
DWM WisdomTree International Equity Fund 0.1 48 18 7.4 +1.9
IEV iShares Europe ETF 0.1 67 -1 6.9 +1.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 7.7 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 9.3 +3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 8.0 +2.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 18.6 +13.1
HKND Humankind US Stock ETF 0.1 11 55 7.1 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 51 8.1 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 6.7 +1.1
FLEE Franklin FTSE Europe ETF 0.1 9 57 7.3 +1.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 7.8 +2.2
VPL Vanguard FTSE Pacific ETF 0.1 7 59 6.8 +1.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.6 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.4 +1.9
FENI Fidelity Enhanced International ETF 0.1 28 38 6.6 +1.1
MCHI iShares MSCI China ETF 0.1 59 7 17.7 +12.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 57 4.2 -1.3
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 8.1 +2.6
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.6 +2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 8.7 +3.2
VBR Vanguard Small Cap Value ETF 0.1 7 59 9.1 +3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 9.2 +3.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 6.3 +0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 6.6 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.8 +3.3
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.4 +2.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 8.1 +2.5
IGRO iShares International Dividend Growth ETF 0.1 15 51 7.3 +1.7
SFYX SoFi Next 500 ETF 0.1 0 66 5.7 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 7.0 +1.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.4 -1.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.7 +0.2
IGF iShares Global Infrastructure ETF 0.1 41 25 4.7 -0.8
FLCH Franklin FTSE China ETF 0.1 19 47 16.0 +10.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.7 -0.8
DXUV Dimensional US Vector Equity ETF 0.1 28 38 6.2 +0.6
ONEY SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.4 +3.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 6.1 +0.5
VSGX Vanguard ESG International Stock ETF 0.1 10 56 7.7 +2.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 8.6 +3.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 42 7.7 +2.1
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.5 +0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 7.9 +2.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 25 6.8 +1.2
AVIV Avantis International Large Cap Value ETF 0.1 25 41 8.6 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 7.7 +2.2
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.3 +0.8
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.7 +0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 9.8 +4.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.6 +4.1
VT Vanguard Total World Stock ETF 0.1 6 60 5.9 +0.3
DFIV Dimensional International Value ETF 0.1 27 39 9.6 +4.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 9.6 +4.1
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 10.4 +4.8
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.7 +5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 5.5 +0.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.7 +2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 8 4.7 -0.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 46 6.2 +0.7
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -29 5.2 -0.3
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 9.0 +3.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 7.4 +1.9
ACWI iShares MSCI ACWI ETF 0.0 32 34 5.5 +0.0
VIS Vanguard Industrials ETF 0.0 9 57 4.5 -1.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 52 5.3 -0.2
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 54 7.4 +1.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 49 5.5 -0.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 8.8 +3.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 24 5.4 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 5.2 -0.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 8 7.5 +2.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 9.3 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 9.5 +4.0
SMMD iShares Russell 2500 ETF 0.0 15 51 6.1 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.6 +2.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.9 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 14.1 +8.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.7 +0.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.5 +1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 6.9 +1.4
TOK iShares MSCI Kokusai ETF 0.0 26 40 5.0 -0.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 10.4 +4.9
URTH iShares MSCI World ETF 0.0 24 42 5.1 -0.5
EBI Longview Advantage ETF 0.0 35 31 6.5 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 9.4 +3.9
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 58 4.4 -1.1
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.5 +2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 11.1 +5.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 37 6.4 +0.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 5.6 +0.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.7 -1.8
PFM Invesco Dividend Achievers ETF 0.0 53 13 5.3 -0.3
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.7 +1.2
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 6.6 +1.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.0 -0.5
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.7 +0.2
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 6.0 +0.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.0 +1.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.6 -0.9
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.6 +0.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 6.8 +1.3
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 46 8.6 +3.1
IWR iShares Russell Midcap ETF 0.0 19 47 5.7 +0.2
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 13.4 +7.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 5.0 -0.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.8 -0.7
IWV iShares Russell 3000 ETF 0.0 20 46 4.7 -0.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.2 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.9 -0.7
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.9 -0.7
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.8 -0.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 63 5.1 -0.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.7 -0.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.3 -0.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 6.8 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 4.5 -1.0
STXV Strive 1000 Value ETF 0.0 18 48 8.0 +2.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.0 +1.5
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.8 -0.7
DIVB iShares Core Dividend ETF 0.0 5 61 8.0 +2.5
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.4 +0.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.3 +0.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.5 +1.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.9 -0.7
AVUQ Avantis U.S. Quality ETF 0.0 15 51 4.4 -1.2
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.4 +0.9
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.8 -0.8
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 6.5 +1.0
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 4.2 -1.4
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.9 -0.6
IWB iShares Russell 1000 ETF 0.0 15 51 4.8 -0.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.9 -0.7
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 41 9.7 +4.1

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 5.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.78 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.