Global X Wind Energy ETF
ALTAR
Score™		 3.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.6x P/Sales
ratio		 1.4x
P/BV
ratio		 1.7x Div.
yield		 1.9%


  • 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) $1
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 24
Wgt avg mkt cap (mns) $5,888
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
VESTAS WIND SYSTEMS A/S 13.7 %
DONG ENERGY A/S 11.0 %
NORTHLAND POWER INC 9.6 %
NORDEX AG 6.7 %
MING YANG SMART ENERGY GROUP LIMIT 6.3 %
INNERGEX RENEWABLE ENERGY 4.7 %
CECEP WIND-POWER CORP CLASS A 4.3 %
CHINA LONGYUAN POWER GROUP-H 4.3 %
BORALEX INC -CL 'A' 4.0 %
CENTURY IRON & STEEL INDUSTRIAL CO 3.7 %
Total 68.2 %

TOP COUNTRY EXPOSURE
CHINA 35.6 %
DENMARK 28.6 %
CANADA 19.9 %
GERMANY 6.4 %
TAIWAN 3.6 %
INDIA 3.3 %
SOUTH KOREA 2.4 %
TURKEY 0.3 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
0.7% -13.5% -- -- -20.5%

Market Correlations
versus... Beta R-squared
S&P500 0.81 30%
MSCI EAFE 1.06 52%
MSCI Emg. Mkts. 1.06 53%

Technical Indicators
Recent close $10.98
30d moving avg. $10.95
Annualized volatility 25.5%
Short interest (ETF) 0.7%
Relative strength (RSI) 50

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 173 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™: 3.2%


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 43.6 60 -10 5.3 +2.1
FRNW Fidelity Clean Energy ETF 25.2 39 11 4.2 +1.0
RNRG Global X Renewable Energy Producers ETF 24.2 66 -16 6.1 +2.9
ICLN iShares Global Clean Energy ETF 16.6 41 9 6.4 +3.2
CTEC Global X CleanTech ETF 14.5 50 0 2.2 -1.0
ACES ALPS Clean Energy ETF 11.3 55 -5 -4.2 -7.3
SMOG VanEck Low Carbon Energy ETF 9.6 61 -11 1.5 -1.6
PBD Invesco Global Clean Energy ETF 8.3 75 -25 0.4 -2.8
VCLN Virtus Duff & Phelps Clean Energy ETF 7.1 59 -9 6.2 +3.0
EDEN iShares MSCI Denmark ETF 6.1 53 -3 6.9 +3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 6.0 49 1 6.0 +2.8
ERTH Invesco MSCI Sustainable Future ETF 5.4 62 -12 2.5 -0.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.1 79 -29 5.9 +2.7
ETEC iShares Breakthrough Environmental Solutions ETF 5.0 47 3 5.8 +2.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.8 75 -25 7.3 +4.1
KGRN KraneShares MSCI China Clean Technology Index ETF 3.6 79 -29 3.8 +0.6
OCEN IQ Clean Oceans ETF 3.6 45 5 5.7 +2.5
DTEC ALPS Disruptive Technologies ETF 3.0 50 0 4.0 +0.9
XT iShares Exponential Technologies ETF 2.4 46 4 5.5 +2.3
EMIF iShares Emerging Markets Infrastructure ETF 2.4 60 -10 7.9 +4.7
CLNR IQ Cleaner Transport ETF 2.4 45 5 7.3 +4.1
FCA First Trust China AlphaDEX Fund 1.7 80 -30 11.3 +8.2
PBW Invesco WilderHill Clean Energy ETF 1.6 66 -16 -6.0 -9.1
HAP VanEck Natural Resources ETF 1.3 50 0 10.0 +6.9
CCNR ALPS CoreCommodity Natural Resources ETF 1.3 39 11 11.0 +7.9
CNRG SPDR S&P Kensho Clean Power ETF 1.3 45 5 -0.1 -3.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.0 58 -8 -3.5 -6.7
TAN Invesco Solar ETF 1.0 67 -17 8.6 +5.4
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -30 13.8 +10.7
GINN Goldman Sachs Innovate Equity ETF 0.8 52 -2 4.4 +1.2
ECLN First Trust EIP Carbon Impact ETF 0.7 96 -46 4.0 +0.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 -15 4.4 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -30 11.8 +8.6
ENOR iShares MSCI Norway ETF 0.6 53 -3 10.2 +7.0
BLLD JPMorgan Sustainable Infrastructure ETF 0.6 49 1 4.8 +1.6
NORW Global X MSCI Norway ETF 0.6 50 0 10.2 +7.0
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -25 4.8 +1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 5.2 +2.0
JXI iShares Global Utilities ETF 0.5 43 7 6.0 +2.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 -15 12.2 +9.0
AVES Avantis Emerging Markets Value ETF 0.5 36 14 12.2 +9.0
SCHC Schwab International Small-Cap Equity ETF 0.5 11 39 7.1 +3.9
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 1 5.9 +2.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -29 7.7 +4.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 5 11.1 +7.9
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -9 10.8 +7.7
RAYC Rayliant Quantamental China Equity ETF 0.4 80 -30 9.0 +5.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 43 7.0 +3.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -20 4.5 +1.4
TRFM AAM Transformers ETF 0.4 49 1 1.9 -1.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -30 13.6 +10.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 19 6.6 +3.5
DFIS Dimensional International Small Cap ETF 0.4 39 11 7.9 +4.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 7.3 +4.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 6.2 +3.0
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -30 4.7 +1.6
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.7 +6.5
AVSD Avantis Responsible International Equity ETF 0.3 23 27 6.8 +3.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 6.0 +2.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 15 1.9 -1.3
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.5 +1.3
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.8 +4.6
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 8 7.2 +4.0
AVDE Avantis International Equity ETF 0.2 23 27 8.0 +4.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 7.1 +4.0
EXI iShares Global Industrials ETF 0.2 42 8 4.9 +1.7
EFG iShares MSCI EAFE Growth ETF 0.2 36 14 4.5 +1.3
IEV iShares Europe ETF 0.2 67 -17 6.9 +3.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -15 8.1 +4.9
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 41 7.2 +4.1
IQSI IQ Candriam International Equity ETF 0.2 15 35 6.7 +3.5
IEUR iShares Core MSCI Europe ETF 0.2 11 39 7.4 +4.3
VGK Vanguard FTSE Europe ETF 0.2 11 39 7.5 +4.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 38 5.8 +2.6
SPEU SPDR Portfolio Europe ETF 0.2 7 43 7.5 +4.3
UMMA Wahed Dow Jones Islamic World ETF 0.2 65 -15 5.3 +2.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -20 7.8 +4.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 4 6.8 +3.6
FLEE Franklin FTSE Europe ETF 0.2 9 41 7.0 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -13 13.6 +10.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 7.6 +4.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 7.5 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 7.4 +4.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 30 6.6 +3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 20 8.6 +5.5
GXC SPDR S&P China ETF 0.1 59 -9 16.7 +13.5
VEA Vanguard FTSE Developed Markets ETF 0.1 5 45 7.6 +4.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 14 6.9 +3.8
AVEM Avantis Emerging Markets Equity ETF 0.1 33 17 9.7 +6.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 9.4 +6.2
EFA iShares MSCI EAFE ETF 0.1 35 15 7.0 +3.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 7.4 +4.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 30 7.1 +4.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 30 7.4 +4.2
KALL KraneShares MSCI All China Index ETF 0.1 49 1 15.3 +12.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -8 10.1 +7.0
VXUS Vanguard Total International Stock ETF 0.1 7 43 8.3 +5.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 11 6.3 +3.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 8.3 +5.1
FLCH Franklin FTSE China ETF 0.1 19 31 17.2 +14.1
BKIE BNY Mellon International Equity ETF 0.1 4 46 7.3 +4.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 9.9 +6.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 10 7.4 +4.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 8.2 +5.0
SCHF Schwab International Equity ETF 0.1 6 44 7.7 +4.6
VSGX Vanguard ESG International Stock ETF 0.1 12 38 8.2 +5.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 14.1 +11.0
DFIC Dimensional International Core Equity 2 ETF 0.1 23 27 7.9 +4.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 5 9.3 +6.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 15 21.6 +18.4
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 26 6.6 +3.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 30 6.7 +3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 7.0 +3.8
MCHI iShares MSCI China ETF 0.1 59 -9 17.8 +14.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 8.1 +5.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 30 3.7 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 10.1 +7.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 42 8.5 +5.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.1 +4.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 32 8.1 +5.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 7 14.5 +11.3
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 5.3 +2.1
IGF iShares Global Infrastructure ETF 0.1 41 9 4.9 +1.7
GII SPDR S&P Global Infrastructure ETF 0.1 40 10 4.9 +1.7
DFIV Dimensional International Value ETF 0.1 27 23 10.4 +7.2
VYMI Vanguard International High Dividend Yield ETF 0.1 22 28 10.0 +6.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 42 10.9 +7.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 8.3 +5.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 25 7.2 +4.1
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 15 10.2 +7.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 14 11.2 +8.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 10.0 +6.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 1 10.5 +7.4
EFV iShares MSCI EAFE Value ETF 0.1 34 16 9.5 +6.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 25 7.5 +4.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 43 10.9 +7.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 41 10.9 +7.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 39 11.8 +8.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 35 8.6 +5.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 41 8.2 +5.1
VT Vanguard Total World Stock ETF 0.0 7 43 6.4 +3.2
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -45 5.1 +1.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 1 10.7 +7.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 5.2 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 31 10.8 +7.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 35 10.8 +7.6
AVIV Avantis International Large Cap Value ETF 0.0 25 25 9.3 +6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 13.7 +10.5
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 18 5.5 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 30 6.3 +3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -20 9.8 +6.7
BKF iShares MSCI BIC ETF 0.0 69 -19 13.0 +9.8
SCHE Schwab Emerging Markets Equity ETF 0.0 11 39 11.6 +8.4
TOK iShares MSCI Kokusai ETF 0.0 26 24 5.0 +1.9
URTH iShares MSCI World ETF 0.0 24 26 5.5 +2.4
ACWI iShares MSCI ACWI ETF 0.0 32 18 6.1 +2.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 11 4.0 +0.9
GWX SPDR S&P International Small Cap ETF 0.0 40 10 6.7 +3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 20 10.6 +7.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 20 7.3 +4.1
EEM iShares MSCI Emerging Markets ETF 0.0 69 -19 10.7 +7.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.6 +3.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -16 10.2 +7.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 41 5.6 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 20 9.3 +6.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 6.0 +2.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 6.5 +3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 6.0 +2.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 6.4 +3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 0 11.6 +8.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 4.3 +1.1
VPL Vanguard FTSE Pacific ETF 0.0 8 42 7.7 +4.5
AVDV Avantis International Small Cap Value ETF 0.0 36 14 10.9 +7.8

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

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 6.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.55
 
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.