Global X Wind Energy ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 15.2x P/Sales
ratio		 1.3x
P/BV
ratio		 1.0x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WNDY invests in companies positioned to benefit from the advancement of the global wind energy industry.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Sep 08, 2021
Assets (mns) $2
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 0
Wgt avg mkt cap (mns) $7,745
Large cap (>$10bn) 24.6%
Mid cap ($2-10bn) 43.7%
Small cap (<$2bn) 29.8%
Developed mkts 53.0%
Emerging mkts 47.0%

TOP TEN HOLDINGS
DONG ENERGY A/S 14.5 %
VESTAS WIND SYSTEMS A/S 12.2 %
CHINA THREE GORGES RENEWABLES (GRO 10.3 %
NORTHLAND POWER INC 7.0 %
NORDEX AG 5.7 %
EDP RENOVAVEIS SA 4.7 %
CHINA LONGYUAN POWER GROUP-H 4.4 %
MING YANG SMART ENERGY GROUP LIMIT 4.4 %
BORALEX INC -CL 'A' 4.1 %
DAJIN HEAVY INDUSTRY CO., LTD. CLA 3.2 %
Total 70.6 %

TOP COUNTRY EXPOSURE
0.0 %











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.
19.4% 1.4% -- -- -14.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 28%
MSCI EAFE 1.04 46%
MSCI Emg. Mkts. 1.01 46%

Technical Indicators
Recent close $12.34
30d moving avg. $12.64
Annualized volatility 24.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.5%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $374

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 202 potential alternatives to the Global X Wind Energy ETF ETF based on the alternatives' overlap in portfolio holdings with WNDY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WNDY Expense: 50 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WNDY
Ticker Fund
Name		 Overlap1
vs WNDY
(%)		 Expense
ratio
(bp)		 Savings
vs WNDY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs WNDY
(%)
FAN First Trust Global Wind Energy ETF 47.1 60 -10 4.6 -1.0
FRNW Fidelity Clean Energy ETF 25.6 39 11 3.3 -2.2
RNRG Global X Renewable Energy Producers ETF 23.5 66 -16 5.5 -0.0
ICLN iShares Global Clean Energy ETF 17.2 41 9 5.2 -0.3
CTEC Global X CleanTech ETF 13.6 50 0 1.7 -3.9
ACES ALPS Clean Energy ETF 10.3 55 -5 -3.6 -9.1
SMOG VanEck Low Carbon Energy ETF 10.2 61 -11 1.8 -3.7
VCLN Virtus Duff & Phelps Clean Energy ETF 8.0 59 -9 4.7 -0.9
PBD Invesco Global Clean Energy ETF 7.3 75 -25 -0.3 -5.9
ERTH Invesco MSCI Sustainable Future ETF 7.2 62 -12 3.7 -1.8
EDEN iShares MSCI Denmark ETF 6.8 53 -3 7.0 +1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 6.0 49 1 5.9 +0.3
ETEC iShares Breakthrough Environmental Solutions ETF 5.5 47 3 3.3 -2.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.1 79 -29 5.0 -0.6
KGRN KraneShares MSCI China Clean Technology Index ETF 4.8 79 -29 0.4 -5.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.0 75 -25 7.8 +2.3
XT iShares Exponential Technologies ETF 3.7 46 4 5.0 -0.6
OCEN IQ Clean Oceans ETF 3.4 45 5 6.0 +0.5
FGM First Trust Germany AlphaDEX Fund 3.3 80 -30 6.3 +0.7
DTEC ALPS Disruptive Technologies ETF 3.3 50 0 3.9 -1.7
CCNR ALPS CoreCommodity Natural Resources ETF 3.0 39 11 11.0 +5.4
EMIF iShares Emerging Markets Infrastructure ETF 2.3 60 -10 5.1 -0.5
CLNR IQ Cleaner Transport ETF 2.2 45 5 6.6 +1.1
BLLD JPMorgan Sustainable Infrastructure ETF 1.7 49 1 6.1 +0.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.6 58 -8 -2.3 -7.8
TEMP JPMorgan Climate Change Solutions ETF 1.5 49 1 5.8 +0.3
PBW Invesco WilderHill Clean Energy ETF 1.5 66 -16 -3.7 -9.3
FCA First Trust China AlphaDEX Fund 1.4 80 -30 8.3 +2.7
HAP VanEck Natural Resources ETF 1.3 50 0 9.3 +3.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -29 9.1 +3.5
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -10 7.9 +2.3
TAN Invesco Solar ETF 1.3 67 -17 6.9 +1.3
ECLN First Trust EIP Carbon Impact ETF 1.2 96 -46 4.0 -1.6
CNRG SPDR S&P Kensho Clean Power ETF 1.2 45 5 1.1 -4.5
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 9.2 +3.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -15 12.2 +6.6
ENOR iShares MSCI Norway ETF 0.7 53 -3 10.9 +5.3
NORW Global X MSCI Norway ETF 0.7 50 0 10.5 +5.0
DISV Dimensional International Small Cap Value ETF 0.7 42 8 9.1 +3.5
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -2 3.7 -1.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 -15 4.9 -0.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 38 6.0 +0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 5.2 -0.4
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -25 4.8 -0.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 -8 8.8 +3.3
DFIS Dimensional International Small Cap ETF 0.5 39 11 7.3 +1.8
SCHC Schwab International Small-Cap Equity ETF 0.5 11 39 6.7 +1.1
AVES Avantis Emerging Markets Value ETF 0.5 36 14 11.2 +5.6
VIDI Vident International Equity Strategy ETF 0.5 61 -11 11.0 +5.4
JXI iShares Global Utilities ETF 0.5 43 7 5.9 +0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 5 10.8 +5.2
WWJD Inspire International ETF 0.4 80 -30 7.3 +1.8
RAYC Rayliant Quantamental China Equity ETF 0.4 80 -30 7.3 +1.7
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 8 7.3 +1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 42 6.1 +0.6
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -9 7.9 +2.4
AVDS Avantis International Small Cap Equity ETF 0.4 30 20 7.3 +1.8
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 15 1.0 -4.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 19 6.3 +0.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 6.9 +1.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 10.6 +5.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -39 4.8 -0.7
ETHO Etho Climate Leadership U.S. ETF 0.3 47 3 5.4 -0.2
CNYA iShares MSCI China A ETF 0.3 60 -10 6.2 +0.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -30 4.5 -1.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.3 65 -15 6.9 +1.3
AVSD Avantis Responsible International Equity ETF 0.3 23 27 5.7 +0.1
IEUR iShares Core MSCI Europe ETF 0.3 11 39 7.4 +1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 6.3 +0.7
VGK Vanguard FTSE Europe ETF 0.3 6 44 7.5 +2.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.6 +2.0
SPEU SPDR Portfolio Europe ETF 0.2 7 43 7.4 +1.9
EFG iShares MSCI EAFE Growth ETF 0.2 36 14 4.4 -1.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 38 5.6 +0.0
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 41 7.3 +1.7
IQSI IQ Candriam International Equity ETF 0.2 15 35 6.7 +1.1
UMMA Wahed Dow Jones Islamic World ETF 0.2 65 -15 5.5 -0.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 6.8 +1.2
IEV iShares Europe ETF 0.2 67 -17 6.9 +1.4
EXI iShares Global Industrials ETF 0.2 42 8 4.5 -1.0
GXC SPDR S&P China ETF 0.2 59 -9 15.3 +9.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 4 6.7 +1.2
AVDE Avantis International Equity ETF 0.2 23 27 7.4 +1.9
BLES Inspire Global Hope ETF 0.2 61 -11 6.8 +1.2
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 26 6.4 +0.8
FLEE Franklin FTSE Europe ETF 0.2 9 41 7.3 +1.7
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 7.2 +1.6
DXIV Dimensional International Vector Equity ETF 0.2 34 16 7.9 +2.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 7.9 +2.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 10 6.9 +1.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -13 13.4 +7.9
DFIC Dimensional International Core Equity 2 ETF 0.2 23 27 7.4 +1.9
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 7.0 +1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.4 +0.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 43 7.1 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.6 +1.0
VEA Vanguard FTSE Developed Markets ETF 0.2 3 47 7.3 +1.7
EFA iShares MSCI EAFE ETF 0.2 35 15 6.8 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 7.1 +1.5
MCHI iShares MSCI China ETF 0.2 59 -9 17.4 +11.9
FLCH Franklin FTSE China ETF 0.2 19 31 15.8 +10.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 30 6.9 +1.4
BKIE BNY Mellon International Equity ETF 0.1 4 46 7.1 +1.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -30 13.7 +8.2
VXUS Vanguard Total International Stock ETF 0.1 5 45 8.0 +2.4
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 8.0 +2.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 11 5.8 +0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 30 7.1 +1.5
KALL KraneShares MSCI All China Index ETF 0.1 49 1 14.9 +9.4
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 7.5 +2.0
VSGX Vanguard ESG International Stock ETF 0.1 10 40 7.7 +2.2
SCHF Schwab International Equity ETF 0.1 6 44 7.4 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.8 +2.3
DFIV Dimensional International Value ETF 0.1 27 23 9.7 +4.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 15 18.7 +13.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 7.7 +2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 6.7 +1.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 17 8.8 +3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 5 8.9 +3.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 46 8.2 +2.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 9.4 +3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 25 6.6 +1.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.8 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.5 +2.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 32 7.9 +2.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -15 7.8 +2.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 30 6.5 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 9.6 +4.1
IGF iShares Global Infrastructure ETF 0.1 41 9 4.7 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 5 7.0 +1.4
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 4.8 -0.7
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 25 5.6 +0.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 10 4.7 -0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 8.8 +3.2
EFV iShares MSCI EAFE Value ETF 0.1 34 16 9.1 +3.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 25 7.3 +1.8
DTH WisdomTree International High Dividend Fund 0.1 58 -8 8.5 +2.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -8 9.8 +4.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 9.7 +4.2
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 15 9.5 +3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.7 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 8.0 +2.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 43 10.3 +4.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 1 10.4 +4.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 8 9.8 +4.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 43 10.7 +5.2
VPU Vanguard Utilities ETF 0.1 9 41 5.3 -0.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 20 10.4 +4.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 20 9.3 +3.8
BKF iShares MSCI BIC ETF 0.1 69 -19 13.7 +8.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 25 7.1 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 5 10.6 +5.0
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 42 5.3 -0.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 39 10.2 +4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 14 10.0 +4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 35 10.4 +4.9
DFEV Dimensional Emerging Markets Value ETF 0.1 43 7 13.5 +7.9
EZU iShares MSCI Eurozone ETF 0.1 52 -2 6.8 +1.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 11.1 +5.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -20 9.5 +4.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 1 10.5 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 41 10.7 +5.1
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -45 5.2 -0.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 33 5.7 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 31 9.5 +3.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 41 8.0 +2.5
VT Vanguard Total World Stock ETF 0.0 6 44 5.9 +0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 20 10.7 +5.1
EEM iShares MSCI Emerging Markets ETF 0.0 69 -19 10.5 +5.0
TOK iShares MSCI Kokusai ETF 0.0 26 24 5.0 -0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 5.4 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -16 9.8 +4.2
AVIV Avantis International Large Cap Value ETF 0.0 25 25 8.6 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 8.1 +2.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.0 4 46 5.9 +0.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 17 8.6 +3.1
DWM WisdomTree International Equity Fund 0.0 48 2 7.4 +1.9
URTH iShares MSCI World ETF 0.0 24 26 5.1 -0.5
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.6 +0.0
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 27 8.2 +2.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 -3 8.0 +2.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 20 7.1 +1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 41 5.2 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 9.0 +3.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 21 6.7 +1.1
VYMI Vanguard International High Dividend Yield ETF 0.0 17 33 9.6 +4.0
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 34 8.7 +3.1
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 33 14.1 +8.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.0 35 15 6.7 +1.1
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 18 6.3 +0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.7 +0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 11 5.3 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 6.0 +0.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 6.8 +1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 7.4 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 0 11.2 +5.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.7 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 7.4 +1.9
VPL Vanguard FTSE Pacific ETF 0.0 7 43 6.9 +1.4
AVDV Avantis International Small Cap Value ETF 0.0 36 14 9.5 +4.0
AVUS Avantis U.S. Equity ETF 0.0 15 35 5.7 +0.2
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 25 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 Wind Energy 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 50 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.