Global X Silver Miners ETF
ALTAR
Score™		 3.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.0x P/Sales
ratio		 4.0x
P/BV
ratio		 2.5x 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) $2,145
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) $13,664
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 20.2 %
PAN AMERICAN SILVER CORP 13.1 %
OSISKO GOLD ROYALTIES LTD 6.2 %
COEUR D'ALENE MINES CORP 6.1 %
FIRST MAJESTIC SILVER CORP 5.3 %
KOREA ZINC CO LTD 5.1 %
INDUSTRIAS PENOLES SAB DE CV 5.1 %
FRESNILLO PLC 4.7 %
HECLA MINING CO 4.2 %
CIA DE MINAS BUENAVENTUR-ADR 3.6 %
Total 73.4 %

TOP COUNTRY EXPOSURE
CANADA 66.0 %
UNITED STATES 11.8 %
BRITAIN 7.7 %
SOUTH KOREA 5.1 %
MEXICO 5.1 %
PERU 3.6 %
AUSTRALIA 0.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
51.8% 58.2% 6.8% 8.0% 1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.41 5%
MSCI EAFE 0.80 18%
MSCI Emg. Mkts. 0.87 22%

Technical Indicators
Recent close $50.41
30d moving avg. $47.83
Annualized volatility 31.1%
Short interest (ETF) 3.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1,543
Turnover 3.6%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 202 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™: 3.6%


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 37.4 69 -4 2.8 -0.7
AGMI Themes Silver Miners ETF 32.7 35 30 6.4 +2.9
SLVP iShares MSCI Global Silver Miners ETF 24.8 39 26 8.0 +4.4
GDXJ VanEck Junior Gold Miners ETF 24.0 52 13 5.7 +2.1
GDX VanEck Gold Miners ETF 14.5 51 14 4.4 +0.8
GOEX Global X Gold Explorers ETF 12.6 65 0 4.3 +0.7
XME SPDR S&P Metals & Mining ETF 8.8 35 30 7.9 +4.3
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 7.2 60 5 3.8 +0.2
EPU iShares MSCI Peru and Global Exposure ETF 7.0 59 6 7.4 +3.8
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 5.6 60 5 6.4 +2.8
SETM Sprott Energy Transition Materials ETF 4.5 65 0 3.3 -0.2
RING iShares MSCI Global Gold Miners ETF 4.0 39 26 5.6 +2.0
EWW iShares MSCI Mexico ETF 3.2 50 15 10.5 +6.9
RJMG FT Raymond James Multicap Growth Equity ETF 2.8 85 -20 2.3 -1.3
COPA Themes Copper Miners ETF 2.6 35 30 6.5 +2.9
FKU First Trust United Kingdom AlphaDEX Fund 2.4 80 -15 7.4 +3.8
CCNR ALPS CoreCommodity Natural Resources ETF 2.3 39 26 11.4 +7.9
IGE iShares North American Natural Resources ETF 2.2 41 24 7.8 +4.3
FLMX Franklin FTSE Mexico ETF 2.2 19 46 10.9 +7.4
BRAZ Global X Brazil Active ETF 2.2 75 -10 13.3 +9.7
SGDM Sprott Gold Miners ETF 2.2 50 15 4.0 +0.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 5 11.0 +7.4
FFTY Innovator IBD 50 ETF 1.9 80 -15 0.5 -3.1
FPXI First Trust International Equity Opportunities ETF 1.6 70 -5 3.5 -0.1
SGDJ Sprott Junior Gold Miners ETF 1.6 50 15 5.0 +1.4
HAP VanEck Natural Resources ETF 1.5 50 15 9.6 +6.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.3 70 -5 14.6 +11.0
CVAR Cultivar ETF 1.3 87 -22 6.9 +3.3
FEP First Trust Europe AlphaDEX Fund 1.2 80 -15 9.2 +5.6
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -6 0.5 -3.1
VTWV Vanguard Russell 2000 Value ETF 1.0 10 55 7.8 +4.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -15 9.5 +5.9
NANR SPDR S&P North American Natural Resources ETF 0.9 35 30 8.3 +4.7
GWX SPDR S&P International Small Cap ETF 0.8 40 25 6.2 +2.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -15 9.9 +6.4
VAW Vanguard Materials ETF 0.7 9 56 6.2 +2.7
IWN iShares Russell 2000 Value ETF 0.7 24 41 7.7 +4.2
FLLA Franklin FTSE Latin America ETF 0.6 19 46 14.0 +10.5
FMAT Fidelity MSCI Materials Index ETF 0.5 8 57 6.2 +2.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.5 95 -30 0.6 -3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -15 11.1 +7.5
RSSL Global X Russell 2000 ETF 0.5 8 57 4.5 +0.9
IWM iShares Russell 2000 ETF 0.5 19 46 4.6 +1.0
FLKR Franklin FTSE South Korea ETF 0.5 9 56 9.4 +5.8
VTWO Vanguard Russell 2000 ETF 0.5 7 58 4.6 +1.0
STXK Strive Small-Cap ETF 0.5 18 47 6.2 +2.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 4 6.4 +2.8
ISMD Inspire Small/Mid Cap ETF 0.4 54 11 6.1 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.4 29 36 8.7 +5.1
SCHC Schwab International Small-Cap Equity ETF 0.4 11 54 6.7 +3.2
DFIS Dimensional International Small Cap ETF 0.4 39 26 7.4 +3.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 26 6.6 +3.0
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 37 9.5 +6.0
EWY iShares MSCI South Korea ETF 0.4 58 7 8.8 +5.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.4 65 0 11.6 +8.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 26 6.1 +2.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 16 7.0 +3.4
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 41 6.5 +2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 41 8.2 +4.7
FESM Fidelity Enhanced Small Cap ETF 0.3 28 37 7.8 +4.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 40 6.5 +2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 13.5 +9.9
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 59 9.4 +5.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 6 7.5 +3.9
IWO iShares Russell 2000 Growth ETF 0.3 24 41 1.4 -2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 61 6.2 +2.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.3 33 32 8.7 +5.2
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 40 7.3 +3.8
DISV Dimensional International Small Cap Value ETF 0.3 42 23 9.5 +5.9
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.2 +5.6
SCHA Schwab U.S. Small-Cap ETF 0.3 4 61 6.2 +2.7
AVDV Avantis International Small Cap Value ETF 0.3 36 29 10.0 +6.5
DFAS Dimensional U.S. Small Cap ETF 0.2 26 39 6.6 +3.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 56 4.5 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 1 2.3 -1.2
DFIC Dimensional International Core Equity 2 ETF 0.2 23 42 7.6 +4.0
DFAI Dimensional International Core Equity Market ETF 0.2 18 47 7.3 +3.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 19 10.3 +6.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 29 7.8 +4.3
INRO iShares U.S. Industry Rotation Active ETF 0.2 42 23 4.7 +1.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 27 9.4 +5.8
AVDS Avantis International Small Cap Equity ETF 0.2 30 35 7.5 +4.0
ISCB iShares Morningstar Small-Cap ETF 0.2 4 61 6.2 +2.6
DFSV Dimensional US Small Cap Value ETF 0.2 31 34 10.4 +6.8
DFIV Dimensional International Value ETF 0.2 27 38 10.1 +6.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 40 7.8 +4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 35 9.9 +6.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.8 +4.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 8.0 +4.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 5.9 +2.4
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 18 9.3 +5.7
EES WisdomTree U.S. SmallCap Fund 0.2 38 27 9.1 +5.5
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 33 6.2 +2.6
DFEV Dimensional Emerging Markets Value ETF 0.2 43 22 13.2 +9.7
VB Vanguard Small-Cap ETF 0.2 5 60 6.2 +2.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 26 5.9 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 15 11.4 +7.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 35 8.1 +4.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.7 +7.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 10.5 +6.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 57 6.8 +3.2
VXF Vanguard Extended Market ETF 0.1 5 60 4.8 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 35 10.4 +6.8
DXIV Dimensional International Vector Equity ETF 0.1 34 31 8.0 +4.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 42 8.3 +4.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 -4 10.4 +6.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 24 8.9 +5.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 52 3.1 -0.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 28 8.6 +5.0
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 9.2 +5.6
XCEM Columbia EM Core ex-China ETF 0.1 16 49 8.2 +4.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 20 10.6 +7.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 10.4 +6.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 10.6 +7.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 10.2 +6.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 9.9 +6.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 9.4 +5.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 56 5.9 +2.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.8 +4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 8.2 +4.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -1 9.9 +6.3
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 40 6.0 +2.4
UIVM VictoryShares International Value Momentum ETF 0.1 35 30 8.9 +5.4
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 30 4.8 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 6.2 +2.6
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 23 7.2 +3.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 2.9 -0.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 45 6.0 +2.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 9.4 +5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 8.2 +4.7
VSGX Vanguard ESG International Stock ETF 0.1 10 55 7.9 +4.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 35 7.8 +4.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 45 6.0 +2.4
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.8 +1.3
FLGB Franklin FTSE United Kingdom ETF 0.1 9 56 7.9 +4.3
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 8.3 +4.8
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.3 +2.8
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 58 8.0 +4.5
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 48 13.2 +9.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 62 7.2 +3.7
VPL Vanguard FTSE Pacific ETF 0.1 7 58 7.2 +3.7
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 49 8.5 +4.9
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.8 +3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 11.8 +8.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 25 7.0 +3.4
SCHE Schwab Emerging Markets Equity ETF 0.1 11 54 11.2 +7.6
VEA Vanguard FTSE Developed Markets ETF 0.1 3 62 7.3 +3.8
VXUS Vanguard Total International Stock ETF 0.1 5 60 8.1 +4.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.6 +7.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 50 6.3 +2.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.7 +4.1
DIM WisdomTree International MidCap Dividend Fund 0.1 58 7 7.6 +4.1
AVSD Avantis Responsible International Equity ETF 0.1 23 42 5.7 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 48 5.6 +2.1
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 30 9.5 +5.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 61 8.2 +4.7
AVDE Avantis International Equity ETF 0.0 23 42 7.6 +4.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 9.5 +5.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.9 +4.3
APIE ActivePassive International Equity ETF 0.0 45 20 7.5 +4.0
DTH WisdomTree International High Dividend Fund 0.0 58 7 8.9 +5.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 10.1 +6.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.9 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 61 7.2 +3.6
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.4 +3.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 9.3 +5.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.6 +6.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.9 +5.4
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.3 +3.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 51 5.5 +1.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 30 19.3 +15.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 41 7.6 +4.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 45 7.2 +3.6
SCHF Schwab International Equity ETF 0.0 6 59 7.4 +3.8
VT Vanguard Total World Stock ETF 0.0 6 59 6.0 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.7 +4.1
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 47 5.5 +1.9
VYMI Vanguard International High Dividend Yield ETF 0.0 17 48 9.8 +6.3
IWV iShares Russell 3000 ETF 0.0 20 45 4.8 +1.3
AVUS Avantis U.S. Equity ETF 0.0 15 50 5.9 +2.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.8 +1.2
VTHR Vanguard Russell 3000 ETF 0.0 7 58 5.0 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 0.0 9 56 7.2 +3.6
FLEE Franklin FTSE Europe ETF 0.0 9 56 7.4 +3.8
IQSI IQ Candriam International Equity ETF 0.0 15 50 6.7 +3.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 5.1 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 5.0 +1.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.1 +1.6
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.9 +1.3
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.7 +2.1
VTI Vanguard Total Stock Market ETF 0.0 3 62 5.0 +1.4
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.4 +3.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.3 +3.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.8 +2.2
BKIE BNY Mellon International Equity ETF 0.0 4 61 7.1 +3.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 45 7.0 +3.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.4 +2.8
DIHP Dimensional International High Profitability ETF 0.0 29 36 7.2 +3.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 56 6.9 +3.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 58 7.2 +3.6
EBI Longview Advantage ETF 0.0 35 30 6.7 +3.1
AVES Avantis Emerging Markets Value ETF 0.0 36 29 11.6 +8.0

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 10.0 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.57
 
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.