Global X Wind Energy ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.8x P/Sales
ratio		 1.0x
P/BV
ratio		 1.1x 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) $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) $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
VESTAS WIND SYSTEMS A/S 13.7 %
NORTHLAND POWER INC 10.9 %
DONG ENERGY A/S 9.7 %
NORDEX AG 7.6 %
MING YANG SMART ENERGY GROUP LIMIT 5.9 %
INNERGEX RENEWABLE ENERGY 5.1 %
CHINA LONGYUAN POWER GROUP-H 4.7 %
DAJIN HEAVY INDUSTRY CO., LTD. CLA 4.6 %
BORALEX INC -CL 'A' 4.5 %
CECEP WIND-POWER CORP CLASS A 4.1 %
Total 70.9 %

TOP COUNTRY EXPOSURE
CHINA 38.8 %
DENMARK 26.9 %
CANADA 15.0 %
GERMANY 4.6 %
SPAIN 4.4 %
INDIA 2.0 %
UNITED STATES 1.4 %
SOUTH KOREA 1.4 %
ITALY 1.4 %
TURKEY 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.5% -12.2% -- -- -17.2%

Market Correlations
versus... Beta R-squared
S&P500 0.75 26%
MSCI EAFE 0.91 40%
MSCI Emg. Mkts. 0.96 44%

Technical Indicators
Recent close $11.66
30d moving avg. $11.21
Annualized volatility 24.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 57

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 172 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™: 4.9%


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 45.1 60 -10 4.8 -0.1
FRNW Fidelity Clean Energy ETF 25.2 39 11 4.4 -0.5
RNRG Global X Renewable Energy Producers ETF 21.2 66 -16 5.8 +1.0
CTEC Global X CleanTech ETF 14.4 50 0 3.1 -1.7
ICLN iShares Global Clean Energy ETF 14.4 41 9 6.2 +1.3
ACES ALPS Clean Energy ETF 12.0 55 -5 -3.6 -8.4
SMOG VanEck Low Carbon Energy ETF 9.0 61 -11 1.6 -3.2
PBD Invesco Global Clean Energy ETF 8.3 75 -25 0.5 -4.4
VCLN Virtus Duff & Phelps Clean Energy ETF 7.1 59 -9 5.9 +1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 5.8 49 1 6.4 +1.5
EDEN iShares MSCI Denmark ETF 5.6 53 -3 6.6 +1.7
ERTH Invesco MSCI Sustainable Future ETF 5.2 62 -12 3.6 -1.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 5.1 79 -29 5.7 +0.9
ETEC iShares Breakthrough Environmental Solutions ETF 4.6 47 3 3.9 -1.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.9 75 -25 8.0 +3.1
KGRN KraneShares MSCI China Clean Technology Index ETF 3.6 79 -29 3.8 -1.1
OCEN IQ Clean Oceans ETF 3.6 45 5 6.6 +1.7
DTEC ALPS Disruptive Technologies ETF 3.0 50 0 3.9 -1.0
XT iShares Exponential Technologies ETF 2.7 46 4 5.7 +0.8
CLNR IQ Cleaner Transport ETF 2.4 45 5 6.9 +2.1
CCNR ALPS CoreCommodity Natural Resources ETF 2.3 39 11 12.0 +7.2
EMIF iShares Emerging Markets Infrastructure ETF 2.2 60 -10 6.8 +1.9
PBW Invesco WilderHill Clean Energy ETF 2.1 66 -16 -5.3 -10.2
FCA First Trust China AlphaDEX Fund 1.8 80 -30 9.9 +5.1
TAN Invesco Solar ETF 1.5 67 -17 8.7 +3.8
CNRG SPDR S&P Kensho Clean Power ETF 1.4 45 5 0.7 -4.1
HAP VanEck Natural Resources ETF 1.3 50 0 10.1 +5.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.0 58 -8 -3.3 -8.2
GINN Goldman Sachs Innovate Equity ETF 0.8 52 -2 4.2 -0.6
ECLN First Trust EIP Carbon Impact ETF 0.7 96 -46 4.1 -0.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 -15 6.2 +1.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.6 49 1 6.2 +1.3
ENOR iShares MSCI Norway ETF 0.6 53 -3 10.1 +5.3
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -25 4.7 -0.2
NORW Global X MSCI Norway ETF 0.6 50 0 10.2 +5.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 5.3 +0.5
SCHC Schwab International Small-Cap Equity ETF 0.5 11 39 6.9 +2.1
AVES Avantis Emerging Markets Value ETF 0.5 36 14 12.0 +7.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 -15 12.0 +7.1
ECNS iShares MSCI China Small-Cap ETF 0.5 59 -9 10.6 +5.7
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 1 5.9 +1.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -29 8.8 +3.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 5 10.8 +5.9
DFIS Dimensional International Small Cap ETF 0.4 39 11 7.6 +2.7
RAYC Rayliant Quantamental China Equity ETF 0.4 80 -30 8.9 +4.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 43 7.0 +2.2
JXI iShares Global Utilities ETF 0.4 43 7 5.9 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 19 6.4 +1.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 1 7.3 +2.4
DISV Dimensional International Small Cap Value ETF 0.3 42 8 9.6 +4.7
RAYD Rayliant Quantitative Developed Market Equity ETF 0.3 80 -30 4.6 -0.2
TRFM AAM Transformers ETF 0.3 49 1 1.8 -3.1
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 15 1.2 -3.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -30 11.9 +7.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 38 6.1 +1.3
AVSD Avantis Responsible International Equity ETF 0.3 23 27 5.7 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 36 6.3 +1.5
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 8 7.2 +2.4
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.7 +2.8
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -39 4.5 -0.3
AVDE Avantis International Equity ETF 0.2 23 27 7.7 +2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -15 8.3 +3.4
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 41 7.1 +2.2
IQSI IQ Candriam International Equity ETF 0.2 15 35 6.6 +1.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 6.9 +2.1
EXI iShares Global Industrials ETF 0.2 42 8 4.6 -0.2
UMMA Wahed Dow Jones Islamic World ETF 0.2 65 -15 5.3 +0.4
IEV iShares Europe ETF 0.2 67 -17 6.8 +1.9
EFG iShares MSCI EAFE Growth ETF 0.2 36 14 4.4 -0.5
IEUR iShares Core MSCI Europe ETF 0.2 11 39 7.3 +2.5
VGK Vanguard FTSE Europe ETF 0.2 11 39 7.3 +2.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -20 7.8 +3.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 4 6.6 +1.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 38 5.5 +0.7
FLEE Franklin FTSE Europe ETF 0.2 9 41 7.0 +2.2
SPEU SPDR Portfolio Europe ETF 0.2 7 43 7.3 +2.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -13 13.6 +8.7
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 7.3 +2.5
GXC SPDR S&P China ETF 0.2 59 -9 17.5 +12.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.2 80 -30 15.1 +10.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 20 8.3 +3.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 26 6.5 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 46 7.2 +2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 9 9.5 +4.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 14 6.7 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.1 33 17 9.5 +4.7
VEA Vanguard FTSE Developed Markets ETF 0.1 5 45 7.4 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 47 7.2 +2.4
DFIC Dimensional International Core Equity 2 ETF 0.1 23 27 7.7 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 30 7.0 +2.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 30 7.2 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 30 6.4 +1.6
KALL KraneShares MSCI All China Index ETF 0.1 49 1 14.9 +10.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -8 9.9 +5.1
IEFA iShares Core MSCI EAFE ETF 0.1 7 43 7.2 +2.3
EFA iShares MSCI EAFE ETF 0.1 35 15 6.9 +2.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 12 10.0 +5.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 15 20.9 +16.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 11 6.1 +1.2
FLCH Franklin FTSE China ETF 0.1 19 31 17.9 +13.0
BKIE BNY Mellon International Equity ETF 0.1 4 46 7.1 +2.3
VXUS Vanguard Total International Stock ETF 0.1 7 43 8.2 +3.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 11 14.1 +9.2
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 43 8.1 +3.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 10 7.2 +2.3
MCHI iShares MSCI China ETF 0.1 59 -9 18.9 +14.1
VSGX Vanguard ESG International Stock ETF 0.1 12 38 8.0 +3.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 30 3.6 -1.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 7.9 +3.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 30 6.6 +1.7
SCHF Schwab International Equity ETF 0.1 6 44 7.5 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 11 6.8 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 5 9.0 +4.2
DFEV Dimensional Emerging Markets Value ETF 0.1 43 7 14.1 +9.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 7.8 +2.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 32 8.0 +3.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 15 5.1 +0.3
IGF iShares Global Infrastructure ETF 0.1 41 9 4.7 -0.2
GII SPDR S&P Global Infrastructure ETF 0.1 40 10 4.7 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 7.9 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 9.8 +4.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 42 8.3 +3.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 8.4 +3.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 25 7.3 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 15 10.2 +5.3
GWX SPDR S&P International Small Cap ETF 0.1 40 10 6.5 +1.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 1 10.1 +5.2
DFIV Dimensional International Value ETF 0.1 27 23 10.1 +5.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 1 10.7 +5.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 42 11.1 +6.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 25 7.2 +2.4
EFV iShares MSCI EAFE Value ETF 0.1 34 16 9.2 +4.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 43 11.0 +6.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 41 11.0 +6.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 39 10.6 +5.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 14 10.4 +5.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 41 8.1 +3.2
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -45 5.4 +0.6
VT Vanguard Total World Stock ETF 0.0 7 43 6.2 +1.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 1 10.9 +6.0
BKF iShares MSCI BIC ETF 0.0 69 -19 13.8 +8.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 8 5.6 +0.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 31 10.0 +5.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 35 10.9 +6.0
SCHE Schwab Emerging Markets Equity ETF 0.0 11 39 11.8 +7.0
AVIV Avantis International Large Cap Value ETF 0.0 25 25 8.9 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -9 12.3 +7.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -20 9.9 +5.1
XC WisdomTree Emerging Markets Ex-China Fund 0.0 32 18 6.2 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 30 6.0 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 20 10.9 +6.0
TOK iShares MSCI Kokusai ETF 0.0 26 24 5.3 +0.5
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.9 +1.0
URTH iShares MSCI World ETF 0.0 24 26 5.4 +0.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 -19 10.8 +6.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.7 +1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -16 10.5 +5.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 41 5.4 +0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 20 7.0 +2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 11 6.9 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.0 30 20 10.2 +5.4
VYMI Vanguard International High Dividend Yield ETF 0.0 22 28 9.8 +4.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 9 7.2 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 8.6 +3.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 21 6.8 +2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 6.1 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 6.2 +1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 26 7.6 +2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 0 11.9 +7.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 4.1 -0.8
VPL Vanguard FTSE Pacific ETF 0.0 8 42 7.4 +2.6
AVDV Avantis International Small Cap Value ETF 0.0 36 14 10.2 +5.4

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 5.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.9 %
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.