Global X Wind Energy ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 1.3x
P/BV
ratio		 1.1x Div.
yield		 2.7%


  • 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 29
Wgt avg mkt cap (mns) $5,116
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 13.1 %
VESTAS WIND SYSTEMS A/S 11.1 %
CHINA THREE GORGES RENEWABLES (GRO 10.3 %
NORTHLAND POWER INC 7.2 %
EDP RENOVAVEIS SA 4.9 %
NORDEX AG 4.7 %
CHINA LONGYUAN POWER GROUP-H 4.5 %
MING YANG SMART ENERGY GROUP LIMIT 4.5 %
BORALEX INC -CL 'A' 4.4 %
DAJIN HEAVY INDUSTRY CO., LTD. CLA 3.3 %
Total 68.0 %

TOP COUNTRY EXPOSURE
CHINA 42.8 %
DENMARK 26.6 %
CANADA 14.8 %
SPAIN 4.9 %
GERMANY 4.7 %
INDIA 2.0 %
UNITED STATES 1.4 %
ITALY 1.3 %
SOUTH KOREA 1.3 %
TURKEY 0.3 %

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.
13.6% -0.8% -- -- -16.2%

Market Correlations
versus... Beta R-squared
S&P500 0.86 30%
MSCI EAFE 1.04 47%
MSCI Emg. Mkts. 1.02 48%

Technical Indicators
Recent close $12.46
30d moving avg. $12.05
Annualized volatility 25.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
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™: 5.5%


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 45.9 60 -10 4.5 -1.0
FRNW Fidelity Clean Energy ETF 28.1 39 11 3.9 -1.6
RNRG Global X Renewable Energy Producers ETF 28.0 66 -16 5.6 +0.1
ICLN iShares Global Clean Energy ETF 16.8 41 9 5.8 +0.3
ACES ALPS Clean Energy ETF 13.2 55 -5 -3.3 -8.8
CTEC Global X CleanTech ETF 12.4 50 0 2.5 -3.0
SMOG VanEck Low Carbon Energy ETF 10.2 61 -11 1.6 -3.9
VCLN Virtus Duff & Phelps Clean Energy ETF 8.0 59 -9 5.5 -0.0
PBD Invesco Global Clean Energy ETF 7.2 75 -25 0.5 -5.0
ERTH Invesco MSCI Sustainable Future ETF 6.8 62 -12 3.6 -1.9
EDEN iShares MSCI Denmark ETF 5.9 53 -3 6.7 +1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 5.7 49 1 6.2 +0.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.1 79 -29 5.1 -0.4
ETEC iShares Breakthrough Environmental Solutions ETF 4.9 47 3 3.5 -2.0
KGRN KraneShares MSCI China Clean Technology Index ETF 4.8 79 -29 3.5 -2.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.0 75 -25 7.8 +2.4
OCEN IQ Clean Oceans ETF 3.8 45 5 6.3 +0.8
XT iShares Exponential Technologies ETF 3.7 46 4 4.8 -0.7
DTEC ALPS Disruptive Technologies ETF 3.0 50 0 3.8 -1.7
FGM First Trust Germany AlphaDEX Fund 2.7 80 -30 6.2 +0.7
CLNR IQ Cleaner Transport ETF 2.6 45 5 6.6 +1.1
CCNR ALPS CoreCommodity Natural Resources ETF 2.5 39 11 11.6 +6.2
EMIF iShares Emerging Markets Infrastructure ETF 2.4 60 -10 6.7 +1.2
BLLD JPMorgan Sustainable Infrastructure ETF 1.7 49 1 6.1 +0.6
PBW Invesco WilderHill Clean Energy ETF 1.6 66 -16 -4.3 -9.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.6 58 -8 -2.9 -8.4
TEMP JPMorgan Climate Change Solutions ETF 1.5 49 1 5.8 +0.3
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -29 8.7 +3.3
ECLN First Trust EIP Carbon Impact ETF 1.3 96 -46 4.1 -1.4
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 -10 8.1 +2.6
HAP VanEck Natural Resources ETF 1.2 50 0 9.7 +4.2
FCA First Trust China AlphaDEX Fund 1.2 80 -30 8.8 +3.3
CNRG SPDR S&P Kensho Clean Power ETF 1.2 45 5 0.6 -4.9
TAN Invesco Solar ETF 1.2 67 -17 7.2 +1.7
WDIV SPDR S&P Global Dividend ETF 1.0 40 10 9.6 +4.1
GINN Goldman Sachs Innovate Equity ETF 0.8 52 -2 3.7 -1.8
DISV Dimensional International Small Cap Value ETF 0.8 42 8 9.5 +4.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -15 11.7 +6.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 -15 5.8 +0.3
NORW Global X MSCI Norway ETF 0.6 50 0 10.3 +4.9
ENOR iShares MSCI Norway ETF 0.6 53 -3 10.3 +4.8
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -25 4.6 -0.9
DFIS Dimensional International Small Cap ETF 0.6 39 11 7.4 +1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 5.2 -0.3
SCHC Schwab International Small-Cap Equity ETF 0.6 11 39 6.8 +1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 38 6.2 +0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 -8 8.9 +3.4
AVES Avantis Emerging Markets Value ETF 0.5 36 14 11.5 +6.0
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -9 9.0 +3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 7.0 +1.5
JXI iShares Global Utilities ETF 0.4 43 7 6.0 +0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 5 10.8 +5.3
WWJD Inspire International ETF 0.4 80 -30 7.3 +1.8
RAYC Rayliant Quantamental China Equity ETF 0.4 80 -30 8.4 +2.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 42 6.8 +1.3
AVDS Avantis International Small Cap Equity ETF 0.4 30 20 7.6 +2.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 15 1.1 -4.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 19 6.4 +0.9
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 8 7.3 +1.8
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -39 4.8 -0.7
CNYA iShares MSCI China A ETF 0.3 60 -10 6.9 +1.4
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -30 4.4 -1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 11.1 +5.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.3 65 -15 7.7 +2.2
ETHO Etho Climate Leadership U.S. ETF 0.3 47 3 5.5 0.0
AVSD Avantis Responsible International Equity ETF 0.3 23 27 5.7 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 6.4 +0.9
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.8 +2.3
IEUR iShares Core MSCI Europe ETF 0.2 11 39 7.4 +1.9
VGK Vanguard FTSE Europe ETF 0.2 6 44 7.5 +2.0
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 41 7.2 +1.8
IQSI IQ Candriam International Equity ETF 0.2 15 35 6.8 +1.3
AVDE Avantis International Equity ETF 0.2 23 27 7.7 +2.2
GXC SPDR S&P China ETF 0.2 59 -9 16.0 +10.5
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 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 4 7.0 +1.5
BLES Inspire Global Hope ETF 0.2 61 -11 6.9 +1.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 7.0 +1.5
UMMA Wahed Dow Jones Islamic World ETF 0.2 65 -15 5.1 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 38 5.6 +0.1
IEV iShares Europe ETF 0.2 67 -17 6.9 +1.5
EXI iShares Global Industrials ETF 0.2 42 8 4.6 -0.9
FLEE Franklin FTSE Europe ETF 0.2 9 41 7.4 +1.9
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 7.4 +1.9
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 26 6.5 +1.0
DXIV Dimensional International Vector Equity ETF 0.2 34 16 8.0 +2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 11 5.9 +0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 8.1 +2.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -13 13.2 +7.7
DFIC Dimensional International Core Equity 2 ETF 0.2 23 27 7.7 +2.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 7.2 +1.8
MCHI iShares MSCI China ETF 0.2 59 -9 17.3 +11.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 7.3 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.9 +1.4
VEA Vanguard FTSE Developed Markets ETF 0.2 3 47 7.4 +1.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 10 7.0 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.6 +1.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -30 14.4 +8.9
FLCH Franklin FTSE China ETF 0.2 19 31 16.3 +10.8
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 7.3 +1.8
EFA iShares MSCI EAFE ETF 0.1 35 15 7.0 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 30 7.1 +1.6
BKIE BNY Mellon International Equity ETF 0.1 4 46 7.2 +1.7
VXUS Vanguard Total International Stock ETF 0.1 5 45 8.1 +2.6
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 8.1 +2.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 30 7.3 +1.8
KALL KraneShares MSCI All China Index ETF 0.1 49 1 14.8 +9.3
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -8 7.7 +2.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 15 19.2 +13.7
VSGX Vanguard ESG International Stock ETF 0.1 10 40 8.0 +2.5
SCHF Schwab International Equity ETF 0.1 6 44 7.5 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.9 +2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 6.8 +1.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 17 9.1 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 9.4 +3.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -20 7.7 +2.2
DFIV Dimensional International Value ETF 0.1 27 23 10.1 +4.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 7.8 +2.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 25 6.5 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 46 8.2 +2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -15 8.1 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 5 9.0 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.7 +2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 32 7.9 +2.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 30 6.7 +1.2
IGF iShares Global Infrastructure ETF 0.1 41 9 4.8 -0.7
GII SPDR S&P Global Infrastructure ETF 0.1 40 10 4.8 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 8.3 +2.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 5 7.2 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 9.7 +4.2
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 6.1 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 8.8 +3.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 25 7.4 +1.9
DTH WisdomTree International High Dividend Fund 0.1 58 -8 8.9 +3.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -8 9.7 +4.2
EFV iShares MSCI EAFE Value ETF 0.1 34 16 9.5 +4.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 9.4 +3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.8 +0.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 15 9.4 +3.9
GWX SPDR S&P International Small Cap ETF 0.1 40 10 6.2 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 1 10.4 +4.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 8 9.8 +4.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 43 10.5 +5.0
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 43 10.6 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 20 9.9 +4.4
BKF iShares MSCI BIC ETF 0.1 69 -19 13.2 +7.7
VPU Vanguard Utilities ETF 0.1 9 41 5.4 -0.1
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 20 10.9 +5.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 25 7.2 +1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 5 10.4 +5.0
FUTY Fidelity MSCI Utilities Index ETF 0.1 8 42 5.4 -0.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 39 10.1 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 14 9.8 +4.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 35 10.3 +4.8
EZU iShares MSCI Eurozone ETF 0.1 52 -2 6.8 +1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -20 9.2 +3.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 39 11.1 +5.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 7 13.2 +7.7
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 41 10.4 +5.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 1 10.0 +4.5
EMLP First Trust North American Energy Infrastructure Fund 0.1 95 -45 6.0 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 31 9.4 +3.9
VT Vanguard Total World Stock ETF 0.1 6 44 6.0 +0.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 41 8.2 +2.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 20 10.3 +4.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.0 17 33 6.0 +0.5
EEM iShares MSCI Emerging Markets ETF 0.0 69 -19 10.2 +4.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 5.5 -0.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -16 9.8 +4.3
AVIV Avantis International Large Cap Value ETF 0.0 25 25 9.0 +3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 8.1 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.0 4 46 6.2 +0.7
DWM WisdomTree International Equity Fund 0.0 48 2 7.6 +2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 17 8.5 +3.1
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.7 +0.2
TOK iShares MSCI Kokusai ETF 0.0 26 24 5.2 -0.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 -3 7.7 +2.2
URTH iShares MSCI World ETF 0.0 24 26 5.3 -0.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 27 8.4 +2.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 20 7.2 +1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 41 5.3 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 11.7 +6.2
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 33 13.1 +7.6
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 34 8.4 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.0 17 33 9.9 +4.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 21 6.4 +1.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.0 35 15 6.8 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 18 6.2 +0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 11 6.7 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.9 +0.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 6.8 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 6.1 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 7.6 +2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 0 11.4 +5.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.8 -1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 10 7.7 +2.2
VPL Vanguard FTSE Pacific ETF 0.0 7 43 7.3 +1.8
AVDV Avantis International Small Cap Value ETF 0.0 36 14 10.1 +4.6
AVUS Avantis U.S. Equity ETF 0.0 15 35 5.9 +0.4
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 25 10.4 +4.9

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 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.