Global X Silver Miners ETF
ALTAR
Score™		 3.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 28.3x P/Sales
ratio		 4.5x
P/BV
ratio		 2.9x Div.
yield		 0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Silvers Miners ETF is an exchange-traded fund incorporated in the USA. The seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Index ("Underlying Index").

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Apr 19, 2010
Assets (mns) $2,706
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $12,297
Large cap (>$10bn) 25.0%
Mid cap ($2-10bn) 48.4%
Small cap (<$2bn) 26.5%
Developed mkts 75.5%
Emerging mkts 24.6%

TOP TEN HOLDINGS
WHEATON PRECIOUS METALS CORP 20.8 %
PAN AMERICAN SILVER CORP 12.8 %
COEUR D'ALENE MINES CORP 6.9 %
OSISKO GOLD ROYALTIES LTD 6.3 %
INDUSTRIAS PENOLES SAB DE CV 5.4 %
FRESNILLO PLC 4.9 %
HECLA MINING CO 4.7 %
FIRST MAJESTIC SILVER CORP 4.5 %
KOREA ZINC CO LTD 4.4 %
SSR MINING INC 3.7 %
Total 74.4 %

TOP COUNTRY EXPOSURE
CANADA 65.0 %
UNITED STATES 13.2 %
BRITAIN 7.8 %
MEXICO 5.2 %
SOUTH KOREA 4.4 %
PERU 3.7 %
AUSTRALIA 0.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
83.2% 82.0% 4.6% 12.6% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.48 5%
MSCI EAFE 0.62 10%
MSCI Emg. Mkts. 0.75 15%

Technical Indicators
Recent close $58.10
30d moving avg. $51.30
Annualized volatility 32.6%
Short interest (ETF) 2.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1,477
Turnover 3.2%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 207 potential alternatives to the Global X Silver Miners ETF ETF based on the alternatives' overlap in portfolio holdings with SIL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SIL Expense: 65 bp ALTAR Score™: 3.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SIL
Ticker Fund
Name		 Overlap1
vs SIL
(%)		 Expense
ratio
(bp)		 Savings
vs SIL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SIL
(%)
SILJ ETFMG Prime Junior Silver Miners ETF 37.3 69 -4 2.5 -0.6
AGMI Themes Silver Miners ETF 32.1 35 30 5.4 +2.3
GDXJ VanEck Junior Gold Miners ETF 25.2 52 13 4.6 +1.5
SLVP iShares MSCI Global Silver Miners ETF 24.7 39 26 6.8 +3.8
GDX VanEck Gold Miners ETF 14.5 51 14 3.5 +0.4
GOEX Global X Gold Explorers ETF 13.7 65 0 3.2 +0.1
XME SPDR S&P Metals & Mining ETF 10.0 35 30 7.3 +4.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 7.3 60 5 3.9 +0.9
EPU iShares MSCI Peru and Global Exposure ETF 7.2 59 6 6.6 +3.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 6.7 60 5 6.1 +3.0
RING iShares MSCI Global Gold Miners ETF 4.1 39 26 4.5 +1.5
SETM Sprott Energy Transition Materials ETF 3.9 65 0 2.7 -0.4
EWW iShares MSCI Mexico ETF 3.6 50 15 10.3 +7.2
FKU First Trust United Kingdom AlphaDEX Fund 2.6 80 -15 7.3 +4.3
COPA Themes Copper Miners ETF 2.6 35 30 5.8 +2.7
IGE iShares North American Natural Resources ETF 2.5 41 24 7.4 +4.3
RJMG FT Raymond James Multicap Growth Equity ETF 2.5 85 -20 2.0 -1.0
BRAZ Global X Brazil Active ETF 2.3 75 -10 12.6 +9.6
SGDM Sprott Gold Miners ETF 2.3 50 15 3.3 +0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.3 60 5 10.9 +7.8
FLMX Franklin FTSE Mexico ETF 2.2 19 46 10.6 +7.5
FPXI First Trust International Equity Opportunities ETF 1.8 70 -5 4.2 +1.1
HAP VanEck Natural Resources ETF 1.6 50 15 9.3 +6.3
SGDJ Sprott Junior Gold Miners ETF 1.6 50 15 4.3 +1.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.4 39 26 11.0 +7.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.4 70 -5 13.2 +10.1
FEP First Trust Europe AlphaDEX Fund 1.3 80 -15 9.2 +6.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.3 71 -6 0.5 -2.6
CVAR Cultivar ETF 1.3 87 -22 6.8 +3.7
FFTY Innovator IBD 50 ETF 1.1 80 -15 -2.4 -5.5
NANR SPDR S&P North American Natural Resources ETF 1.0 35 30 7.8 +4.7
VAW Vanguard Materials ETF 0.9 9 56 6.0 +3.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -15 9.7 +6.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -15 9.2 +6.1
IWN iShares Russell 2000 Value ETF 0.8 24 41 7.3 +4.2
GWX SPDR S&P International Small Cap ETF 0.8 40 25 6.0 +3.0
VTWV Vanguard Russell 2000 Value ETF 0.8 10 55 7.3 +4.2
IPKW Invesco International BuyBack Achievers ETF 0.6 55 10 12.6 +9.5
FLLA Franklin FTSE Latin America ETF 0.6 19 46 13.0 +9.9
RSSL Global X Russell 2000 ETF 0.6 8 57 4.4 +1.3
IWM iShares Russell 2000 ETF 0.6 19 46 4.3 +1.2
VTWO Vanguard Russell 2000 ETF 0.6 7 58 4.4 +1.3
STXK Strive Small-Cap ETF 0.6 18 47 5.8 +2.8
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 4 5.9 +2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -15 10.6 +7.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.5 95 -30 0.6 -2.5
FMAT Fidelity MSCI Materials Index ETF 0.5 8 57 6.0 +3.0
VIDI Vident International Equity Strategy ETF 0.5 61 4 11.0 +7.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 26 5.3 +2.3
SVAL iShares US Small Cap Value Factor ETF 0.5 20 45 10.2 +7.1
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 37 9.2 +6.1
FLKR Franklin FTSE South Korea ETF 0.5 9 56 9.6 +6.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 26 5.8 +2.8
DFIS Dimensional International Small Cap ETF 0.5 39 26 7.3 +4.3
SCHC Schwab International Small-Cap Equity ETF 0.4 11 54 6.7 +3.6
ISMD Inspire Small/Mid Cap ETF 0.4 54 11 5.5 +2.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.4 29 36 8.2 +5.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.4 65 0 12.2 +9.1
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 41 6.4 +3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 16 6.9 +3.8
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 59 9.2 +6.2
IWO iShares Russell 2000 Growth ETF 0.4 24 41 1.3 -1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 40 6.6 +3.6
VTWG Vanguard Russell 2000 Growth ETF 0.4 10 55 1.5 -1.6
EWY iShares MSCI South Korea ETF 0.4 58 7 8.9 +5.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 41 8.3 +5.2
FESM Fidelity Enhanced Small Cap ETF 0.3 28 37 7.2 +4.2
SCHA Schwab U.S. Small-Cap ETF 0.3 4 61 5.9 +2.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 6 7.6 +4.5
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.1 +6.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 12.7 +9.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 61 5.9 +2.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.3 33 32 8.9 +5.8
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 40 7.3 +4.2
AVDV Avantis International Small Cap Value ETF 0.3 36 29 9.5 +6.4
DFAS Dimensional U.S. Small Cap ETF 0.3 26 39 6.4 +3.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 1 2.2 -0.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 56 4.2 +1.2
DFAI Dimensional International Core Equity Market ETF 0.2 18 47 7.2 +4.1
DFIC Dimensional International Core Equity 2 ETF 0.2 23 42 7.4 +4.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 61 6.2 +3.2
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 23 4.3 +1.2
DFSV Dimensional US Small Cap Value ETF 0.2 31 34 9.9 +6.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 19 9.8 +6.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 29 8.1 +5.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 8.2 +5.2
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 27 9.2 +6.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 5.7 +2.6
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 7.3 +4.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.9 +4.9
VB Vanguard Small-Cap ETF 0.2 5 60 6.1 +3.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 35 9.3 +6.3
DFIV Dimensional International Value ETF 0.2 27 38 9.7 +6.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 40 7.9 +4.8
VXF Vanguard Extended Market ETF 0.2 5 60 4.7 +1.6
DFEV Dimensional Emerging Markets Value ETF 0.2 43 22 13.5 +10.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 57 6.1 +3.1
EES WisdomTree U.S. SmallCap Fund 0.2 38 27 8.7 +5.6
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 33 6.3 +3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 35 7.9 +4.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 18 8.9 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 58 10.7 +7.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 26 5.8 +2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 15 11.2 +8.1
DXIV Dimensional International Vector Equity ETF 0.1 34 31 7.8 +4.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 42 8.2 +5.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 10.4 +7.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 35 10.7 +7.6
DISV Dimensional International Small Cap Value ETF 0.1 42 23 9.1 +6.0
EEM iShares MSCI Emerging Markets ETF 0.1 69 -4 10.5 +7.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 24 8.8 +5.7
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 3.0 -0.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 28 8.4 +5.3
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.8 +5.8
XCEM Columbia EM Core ex-China ETF 0.1 16 49 8.5 +5.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 10.7 +7.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 20 10.6 +7.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 10.4 +7.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 8.0 +4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 56 5.7 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 10.2 +7.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 10.0 +6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 9.4 +6.3
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 23 7.3 +4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 8.1 +5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -1 9.8 +6.7
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 30 4.8 +1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.0 +3.0
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 5.6 +2.5
UIVM VictoryShares International Value Momentum ETF 0.1 35 30 9.0 +5.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 2.9 -0.2
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.2 +3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 9.4 +6.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 45 6.2 +3.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 35 7.7 +4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 8.0 +4.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 5.6 +2.5
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.4 +1.3
FLGB Franklin FTSE United Kingdom ETF 0.1 9 56 7.6 +4.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.1 +5.0
VSGX Vanguard ESG International Stock ETF 0.1 10 55 7.7 +4.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 6.9 +3.8
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 58 8.0 +4.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 62 7.1 +4.0
APIE ActivePassive International Equity ETF 0.1 45 20 7.6 +4.5
SCHE Schwab Emerging Markets Equity ETF 0.1 11 54 11.1 +8.1
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.5 +4.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 50 5.9 +2.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.3 +7.3
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 9.0 +5.9
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 48 14.1 +11.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.5 +2.4
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 49 8.7 +5.6
VXUS Vanguard Total International Stock ETF 0.1 5 60 7.9 +4.9
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 9.5 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.1 3 62 7.3 +4.2
DIM WisdomTree International MidCap Dividend Fund 0.1 58 7 7.5 +4.5
AVSD Avantis Responsible International Equity ETF 0.1 23 42 5.7 +2.6
DIHP Dimensional International High Profitability ETF 0.0 29 36 7.2 +4.1
VPL Vanguard FTSE Pacific ETF 0.0 7 58 6.9 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 61 8.2 +5.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.8 +4.7
AVDE Avantis International Equity ETF 0.0 23 42 7.4 +4.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.9 +4.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 9.5 +6.4
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.5 +5.4
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.5 +4.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.0 +3.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.4 +2.3
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.4 +4.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 10.5 +7.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 18.7 +15.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.6 +6.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 9.5 +6.5
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.4 +2.3
VT Vanguard Total World Stock ETF 0.0 6 59 5.9 +2.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 41 7.4 +4.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 45 7.1 +4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.9 +5.8
SCHF Schwab International Equity ETF 0.0 6 59 7.3 +4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.5 +4.4
VYMI Vanguard International High Dividend Yield ETF 0.0 17 48 9.6 +6.5
IWV iShares Russell 3000 ETF 0.0 20 45 4.8 +1.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.7 +1.7
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.9 +1.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +2.0
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.7 +2.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 5.0 +1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.9 +1.8
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.9 +1.8
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 56 7.3 +4.2
FLEE Franklin FTSE Europe ETF 0.0 9 56 7.3 +4.2
IQSI IQ Candriam International Equity ETF 0.0 15 50 6.7 +3.6
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 +1.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.6 +2.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.2 +4.1
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.4 +4.4
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.4 +3.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.7 +2.6
BKIE BNY Mellon International Equity ETF 0.0 4 61 7.1 +4.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 45 6.9 +3.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +3.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.1 +4.0
EBI Longview Advantage ETF 0.0 35 30 6.5 +3.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 24 6.8 +3.8
AVES Avantis Emerging Markets Value ETF 0.0 36 29 11.2 +8.1

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 Silver Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.