Global X Wind Energy ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 13.2x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 3.0%


  • 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 27
Wgt avg mkt cap (mns) $6,999
Large cap (>$10bn) 21.0%
Mid cap ($2-10bn) 52.3%
Small cap (<$2bn) 24.8%
Developed mkts 53.7%
Emerging mkts 46.3%

TOP TEN HOLDINGS
DONG ENERGY A/S 12.6 %
NORTHLAND POWER INC 10.1 %
VESTAS WIND SYSTEMS A/S 7.3 %
CHINA LONGYUAN POWER GROUP-H 7.2 %
MING YANG SMART ENERGY GROUP LIMIT 6.1 %
CECEP WIND-POWER CORP CLASS A 5.1 %
BORALEX INC -CL 'A' 4.9 %
NORDEX AG 4.1 %
CADELER A/S 3.8 %
TERNA ENERGY SA 3.8 %
Total 64.9 %

TOP COUNTRY EXPOSURE
CHINA 38.5 %
DENMARK 23.6 %
CANADA 17.9 %
GERMANY 4.1 %
GREECE 3.8 %
SPAIN 3.4 %
TAIWAN 3.0 %
INDIA 2.8 %
SOUTH KOREA 2.5 %
TURKEY 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.6% 9.2% -- -- -18.8%

Market Correlations
versus... Beta R-squared
S&P500 0.83 32%
MSCI EAFE 1.04 52%
MSCI Emg. Mkts. 1.03 50%

Technical Indicators
Recent close $11.42
30d moving avg. $12.78
Annualized volatility 25.5%
Short interest (ETF) 8.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 2
Turnover 1.1%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $616

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 185 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™: 6.1%


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 42.1 60 -10 5.5 -0.5
FRNW Fidelity Clean Energy ETF 24.3 39 11 2.6 -3.5
RNRG Global X Renewable Energy Producers ETF 18.8 66 -16 5.5 -0.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 16.4 75 -25 7.9 +1.9
ICLN iShares Global Clean Energy ETF 13.4 41 9 6.0 -0.1
CTEC Global X CleanTech ETF 10.6 50 0 2.9 -3.2
SMOG VanEck Low Carbon Energy ETF 9.0 61 -11 2.4 -3.7
ACES ALPS Clean Energy ETF 8.6 55 -5 -4.4 -10.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.9 79 -29 5.1 -1.0
PBD Invesco Global Clean Energy ETF 6.8 75 -25 -5.3 -11.4
VCLN Virtus Duff & Phelps Clean Energy ETF 6.1 59 -9 3.9 -2.2
EDEN iShares MSCI Denmark ETF 5.9 53 -3 6.9 +0.9
KGRN KraneShares MSCI China Clean Technology Index ETF 5.7 79 -29 5.6 -0.4
SXUS Janus Henderson International Sustainable Equity ETF 5.4 60 -10 4.2 -1.9
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 5.0 55 -5 2.9 -3.2
ERTH Invesco MSCI Sustainable Future ETF 4.3 62 -12 3.6 -2.5
SDG iShares MSCI Global Sustainable Development Goals ETF 4.2 49 1 5.6 -0.4
OCEN IQ Clean Oceans ETF 4.0 45 5 6.1 -0.0
GREK Global X MSCI Greece ETF 3.4 57 -7 -4.0 -10.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.3 49 1 5.7 -0.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.3 45 5 5.7 -0.4
GSFP Goldman Sachs Future Planet Equity ETF 3.1 75 -25 4.2 -1.8
ETEC iShares Breakthrough Environmental Solutions ETF 2.8 47 3 8.0 +1.9
EMIF iShares Emerging Markets Infrastructure ETF 2.6 60 -10 8.5 +2.4
XT iShares Exponential Technologies ETF 2.6 46 4 4.8 -1.3
CLNR IQ Cleaner Transport ETF 2.3 45 5 6.8 +0.8
BECO BlackRock Future Climate and Sustainable Economy ETF 2.0 70 -20 11.9 +5.9
DTEC ALPS Disruptive Technologies ETF 1.8 50 0 3.7 -2.4
CNRG SPDR S&P Kensho Clean Power ETF 1.4 45 5 2.8 -3.3
IPOS Renaissance International IPO ETF 1.3 80 -30 -0.8 -6.9
TEMP JPMorgan Climate Change Solutions ETF 1.3 49 1 5.5 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 11 11.0 +5.0
PBW Invesco WilderHill Clean Energy ETF 1.2 66 -16 -13.7 -19.8
HAP VanEck Natural Resources ETF 1.2 50 0 10.0 +3.9
FDEV Fidelity International Multifactor ETF 1.0 18 32 7.8 +1.7
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -10 9.0 +2.9
TAN Invesco Solar ETF 1.0 67 -17 10.4 +4.4
BNE Blue Horizon BNE ETF 0.9 87 -37 4.6 -1.5
ECLN First Trust EIP Carbon Impact ETF 0.8 96 -46 4.3 -1.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.8 65 -15 6.2 +0.1
ENOR iShares MSCI Norway ETF 0.8 53 -3 7.5 +1.5
NORW Global X MSCI Norway ETF 0.8 50 0 7.6 +1.5
WDIV SPDR S&P Global Dividend ETF 0.8 40 10 9.4 +3.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.7 58 -8 -3.0 -9.1
JXI iShares Global Utilities ETF 0.6 43 7 5.9 -0.1
GINN Goldman Sachs Innovate Equity ETF 0.5 52 -2 2.8 -3.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -30 10.8 +4.7
SCHC Schwab International Small-Cap Equity ETF 0.5 11 39 6.6 +0.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -29 10.3 +4.2
ECNS iShares MSCI China Small-Cap ETF 0.5 59 -9 14.2 +8.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -20 3.5 -2.6
AVES Avantis Emerging Markets Value ETF 0.5 36 14 11.6 +5.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 21 8.7 +2.7
DFIS Dimensional International Small Cap ETF 0.4 39 11 6.9 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.4 14 36 6.2 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 19 6.7 +0.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 43 6.7 +0.6
AVSD Avantis Responsible International Equity ETF 0.4 23 27 7.1 +1.0
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.1 +3.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -30 12.3 +6.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 7.0 +0.9
JHMD John Hancock Multifactor Developed International ETF 0.3 39 11 7.8 +1.7
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 41 7.1 +1.0
FLEE Franklin FTSE Europe ETF 0.3 9 41 7.2 +1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.3 46 4 6.5 +0.4
IQSI IQ Candriam International Equity ETF 0.3 15 35 6.6 +0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -20 7.7 +1.6
AVDE Avantis International Equity ETF 0.3 23 27 8.1 +2.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 30 6.9 +0.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 15 1.9 -4.2
IEV iShares Europe ETF 0.2 67 -17 6.6 +0.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 6.9 +0.9
VGK Vanguard FTSE Europe ETF 0.2 11 39 7.1 +1.0
SPEU SPDR Portfolio Europe ETF 0.2 7 43 7.1 +1.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.2 18 32 6.8 +0.8
IEUR iShares Core MSCI Europe ETF 0.2 11 39 7.1 +1.0
DFIV Dimensional International Value ETF 0.2 27 23 10.0 +3.9
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 8 6.4 +0.3
BKIE BNY Mellon International Equity ETF 0.2 4 46 7.1 +1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.6 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 30 7.0 +0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 15 6.6 +0.6
MVPS Amplify Thematic All-Stars ETF 0.2 49 1 2.7 -3.4
EXI iShares Global Industrials ETF 0.2 42 8 4.5 -1.5
DFIC Dimensional International Core Equity 2 ETF 0.2 23 27 7.7 +1.7
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 26 6.5 +0.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 7.3 +1.2
KALL KraneShares MSCI All China Index ETF 0.2 49 1 9.0 +2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -15 8.2 +2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 30 7.1 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 38 5.5 -0.5
UMMA Wahed Dow Jones Islamic World ETF 0.2 65 -15 4.6 -1.5
EFG iShares MSCI EAFE Growth ETF 0.2 36 14 4.5 -1.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 30 1.0 -5.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 38 4.8 -1.3
IQIN IQ 500 International ETF 0.2 25 25 9.2 +3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 11 7.4 +1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 32 7.0 +0.9
AVEM Avantis Emerging Markets Equity ETF 0.2 33 17 8.9 +2.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.5 +0.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.9 -1.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 7.1 +1.0
VEA Vanguard FTSE Developed Markets ETF 0.2 5 45 7.3 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 9 7.4 +1.3
FLCH Franklin FTSE China ETF 0.2 19 31 8.8 +2.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.2 12 38 5.9 -0.2
EFA iShares MSCI EAFE ETF 0.2 35 15 6.9 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 7.2 +1.1
GXC SPDR S&P China ETF 0.1 59 -9 8.3 +2.3
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 7.1 +1.1
SCHF Schwab International Equity ETF 0.1 6 44 7.5 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 20 8.0 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 11 7.2 +1.1
VXUS Vanguard Total International Stock ETF 0.1 7 43 7.2 +1.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 7.2 +1.1
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 7.7 +1.6
EFV iShares MSCI EAFE Value ETF 0.1 34 16 9.4 +3.4
MCHI iShares MSCI China ETF 0.1 59 -9 8.4 +2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 7.4 +1.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 6.9 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 5 8.9 +2.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 15 12.4 +6.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 9.9 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 42 7.3 +1.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.0 +0.9
VSGX Vanguard ESG International Stock ETF 0.1 12 38 6.8 +0.7
STXI Strive International Developed Markets ETF 0.1 29 21 6.9 +0.8
VYMI Vanguard International High Dividend Yield ETF 0.1 22 28 9.8 +3.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 12.8 +6.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 10 6.6 +0.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 10 4.3 -1.8
IGF iShares Global Infrastructure ETF 0.1 41 9 4.3 -1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 7.8 +1.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 1 8.2 +2.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 5.1 -1.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 41 8.1 +2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 7.5 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -9 11.3 +5.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -8 10.2 +4.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 42 6.9 +0.9
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 15 7.3 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 6.1 +0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.2 -0.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 39 8.4 +2.3
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 5.1 -1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 41 7.5 +1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 20 7.3 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 43 7.3 +1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 14 7.8 +1.8
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 7.1 +1.0
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 18 6.0 -0.1
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -45 4.5 -1.6
VT Vanguard Total World Stock ETF 0.0 7 43 5.5 -0.6
BKF iShares MSCI BIC ETF 0.0 69 -19 6.9 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 1 6.5 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -20 6.2 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 10.2 +4.2
DEW WisdomTree Global High Dividend Fund 0.0 58 -8 8.5 +2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -16 10.0 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 31 6.9 +0.8
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.3 -0.8
TOK iShares MSCI Kokusai ETF 0.0 26 24 5.0 -1.0
URTH iShares MSCI World ETF 0.0 24 26 5.2 -0.9
EEM iShares MSCI Emerging Markets ETF 0.0 69 -19 6.9 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 35 7.2 +1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.5 +0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 20 7.3 +1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 30 5.2 -0.9
DFEV Dimensional Emerging Markets Value ETF 0.0 43 7 11.1 +5.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 11 4.1 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 20 8.1 +2.0
GWX SPDR S&P International Small Cap ETF 0.0 40 10 6.5 +0.4
FLEU Franklin FTSE Eurozone ETF 0.0 9 41 7.3 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.4 -0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.0 25 25 7.2 +1.1
FENI Fidelity Enhanced International ETF 0.0 28 22 8.1 +2.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 35 6.3 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 7.9 +1.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 5.0 -1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.8 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 5.9 -0.1
VPL Vanguard FTSE Pacific ETF 0.0 8 42 7.7 +1.6
JIG JPMorgan International Growth ETF 0.0 55 -5 4.6 -1.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.0 24 26 7.1 +1.1
AVDV Avantis International Small Cap Value ETF 0.0 36 14 8.1 +2.1

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 8.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.53
 
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.