Global X Brazil Active ETF
ALTAR
Score™		 10.8% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.2x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BRAZ is an actively managed ETF offering exposure to the Brazilian Economy. BRAZ screens for companies with quality business models and management teams across Brazil, focusing on domestic-driven growth over a 4-5 year investing horizon.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxetfs.com/braz
Inception date Aug 17, 2023
Assets (mns) $10
Currency USD
Expense ratio 75 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 28
Wgt avg mkt cap (mns) $29,338
Large cap (>$10bn) 67.8%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 5.1%
Developed mkts 12.7%
Emerging mkts 87.3%

TOP TEN HOLDINGS
PETROLEO BRASILEIRO S.A.-ADR 15.9 %
ITAU UNIBANCO HLDNG-PREF ADR 10.9 %
NU HOLDINGS LTD. CLASS A 9.6 %
VALE SA-SP ADR 7.5 %
BANCO BRADESCO-ADR 4.9 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.8 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.7 %
CENTRAIS ELEC BRAS-SP ADR CM 4.6 %
BM&FBOVESPA SA 3.9 %
CIA PARANAENSE DE ENER-ADR 3.7 %
Total 70.4 %

TOP COUNTRY EXPOSURE
BRAZIL 79.8 %
CAYMAN ISLANDS 9.6 %
UNITED STATES 5.1 %
CANADA 4.1 %
ARGENTINA 1.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.9% 37.6% -- -- 43.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 26%
MSCI EAFE 1.00 38%
MSCI Emg. Mkts. 0.76 39%

Technical Indicators
Recent close $28.86
30d moving avg. $31.76
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.9%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 335 potential alternatives to the Global X Brazil Active ETF ETF based on the alternatives' overlap in portfolio holdings with BRAZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BRAZ Expense: 75 bp ALTAR Score™: 10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BRAZ
Ticker Fund
Name		 Overlap1
vs BRAZ
(%)		 Expense
ratio
(bp)		 Savings
vs BRAZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BRAZ
(%)
EWZ iShares MSCI Brazil ETF 29.0 58 17 11.2 +0.3
OTGL OTG Latin America ETF 19.5 269 -194 7.9 -2.9
FLBR Franklin FTSE Brazil ETF 18.0 19 56 12.2 +1.4
FLLA Franklin FTSE Latin America ETF 11.2 19 56 10.9 +0.1
FLN First Trust Latin America AlphaDEX Fund 10.7 80 -5 10.4 -0.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.5 86 -11 0.3 -10.5
EMIF iShares Emerging Markets Infrastructure ETF 7.8 60 15 2.9 -8.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.4 86 -11 13.4 +2.5
EV Mast Global Battery Recycling & Production ETF 6.9 65 10 6.3 -4.5
MEM Matthews Emerging Markets Equity Active ETF 6.8 79 -4 8.5 -2.4
SLX VanEck Steel ETF 6.3 56 19 10.1 -0.7
XC WisdomTree Emerging Markets Ex-China Fund 5.1 32 43 6.6 -4.2
JADE JPMorgan Active Developing Markets Equity ETF 5.0 65 10 6.1 -4.8
GPT Intelligent Alpha Atlas ETF 4.8 69 6 6.1 -4.7
CGXU Capital Group International Focus Equity ETF 4.6 54 21 3.8 -7.0
AADR AdvisorShares Dorsey Wright ADR ETF 4.6 110 -35 3.1 -7.8
EMC Global X Emerging Markets Great Consumer ETF 4.5 75 0 7.1 -3.8
TIIV AAM Todd International Intrinsic Value ETF 4.4 54 21 9.7 -1.1
EWZS iShares MSCI Brazil Small-Cap ETF 4.4 59 16 11.8 +1.0
AOTG AOT Growth and Innovation ETF 4.3 75 0 1.2 -9.6
BPAY BlackRock Future Financial and Technology ETF 4.2 70 5 5.8 -5.0
DVYE iShares Emerging Markets Dividend ETF 4.1 49 26 17.9 +7.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 42 6.7 -4.1
LOUP Innovator Deepwater Frontier Tech ETF 4.1 70 5 0.8 -10.0
BLOK Amplify Transformational Data Sharing ETF 3.8 75 0 -0.1 -11.0
ICOP iShares Copper and Metals Mining ETF 3.6 47 28 5.6 -5.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.4 60 15 6.6 -4.2
BKF iShares MSCI BIC ETF 3.3 69 6 14.9 +4.0
DINT Davis Select International ETF 3.3 55 20 6.1 -4.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.2 33 42 6.1 -4.7
SMOG VanEck Low Carbon Energy ETF 3.2 61 14 1.2 -9.6
ARKF ARK Fintech Innovation ETF 3.2 75 0 0.3 -10.5
NDIV Amplify Natural Resources Dividend Income ETF 3.2 59 16 11.5 +0.6
GVIP Goldman Sachs Hedge Industry VIP ETF 3.2 45 30 2.4 -8.5
BRF VanEck Brazil Small-Cap ETF 3.1 66 9 11.5 +0.6
GNR SPDR S&P Global Natural Resources ETF 3.0 40 35 8.6 -2.3
FTHF First Trust Emerging Markets Human Flourishing ETF 3.0 75 0 5.8 -5.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.0 48 27 8.4 -2.4
FDFF Fidelity Disruptive Finance ETF 2.8 50 25 5.6 -5.2
COPJ Sprott Junior Copper Miners ETF 2.7 75 0 -1.4 -12.3
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 31 7.5 -3.3
BJK VanEck Gaming ETF 2.6 65 10 4.5 -6.3
BITQ Bitwise Crypto Industry Innovators ETF 2.6 85 -10 -2.1 -13.0
SPEM SPDR Portfolio Emerging Markets ETF 2.6 7 68 9.5 -1.4
FRDM Freedom 100 Emerging Markets ETF 2.5 49 26 5.3 -5.5
HAP VanEck Natural Resources ETF 2.4 50 25 6.8 -4.1
AVEM Avantis Emerging Markets Equity ETF 2.3 33 42 7.0 -3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 36 39 6.1 -4.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 45 7.6 -3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 7.4 -3.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 15 10.7 -0.1
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -5 9.0 -1.9
COPA Themes Copper Miners ETF 2.0 35 40 3.1 -7.7
AVES Avantis Emerging Markets Value ETF 2.0 36 39 8.9 -1.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.0 55 20 5.7 -5.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.0 53 22 5.1 -5.8
MID American Century Mid Cap Growth Impact ETF 1.9 45 30 2.9 -7.9
ICLN iShares Global Clean Energy ETF 1.9 41 34 1.7 -9.2
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.9 45 30 -0.1 -10.9
MXI iShares Global Materials ETF 1.9 41 34 6.0 -4.9
SDIV Global X Superdividend ETF 1.8 58 17 13.8 +3.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.8 75 0 6.4 -4.5
EMXF iShares ESG Advanced MSCI EM ETF 1.7 16 59 6.7 -4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.7 32 43 4.8 -6.0
AUAU Global X Gold Miners ETF 1.7 35 40 2.8 -8.1
BINV Brandes International ETF 1.6 70 5 8.6 -2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 60 5.7 -5.2
COPX Global X Copper Miners ETF 1.5 65 10 4.3 -6.5
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 42 6.6 -4.2
APIE ActivePassive International Equity ETF 1.5 45 30 6.4 -4.4
PNQI Invesco NASDAQ Internet ETF 1.5 60 15 3.8 -7.0
BUYZ Franklin Disruptive Commerce ETF 1.5 50 25 2.5 -8.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.5 60 15 9.2 -1.7
ONLN ProShares Online Retail ETF 1.5 58 17 1.4 -9.5
OSEA Harbor International Compounders ETF 1.5 55 20 4.3 -6.5
PCGG Polen Capital Global Growth ETF 1.5 85 -10 3.9 -6.9
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 27 2.5 -8.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.5 58 17 3.1 -7.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 15 4.2 -6.6
VUSG Vanguard Wellington U.S. Growth Active ETF 1.5 35 40 2.5 -8.4
TMFG Motley Fool Global Opportunities ETF 1.5 85 -10 3.7 -7.1
CLOD Themes Cloud Computing ETF 1.5 35 40 3.0 -7.8
MVPA Miller Value Partners Appreciation ETF 1.5 60 15 10.4 -0.4
TOGA Tremblant Global ETF 1.5 69 6 -0.2 -11.0
USRD Themes US R&D Champions ETF 1.5 29 46 3.8 -7.1
ABLG Abacus FCF International Leaders ETF 1.5 59 16 6.4 -4.4
LGCF Themes US Cash Flow Champions ETF 1.5 30 45 7.3 -3.6
BCOR Grayscale Bitcoin Adopters ETF 1.5 59 16 2.0 -8.9
LOGO Alpha Brands Consumption Leaders ETF 1.5 69 6 2.5 -8.3
GKAT Scharf Global Opportunity ETF 1.5 57 18 5.8 -5.1
CDIG City Different Investments Global Equity ETF 1.5 75 0 -1.6 -12.4
ARGT Global X MSCI Argentina ETF 1.5 59 16 3.3 -7.6
EBIZ Global X E-Commerce ETF 1.5 50 25 4.9 -6.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.5 20 55 4.0 -6.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 50 5.1 -5.8
CGV Conductor Global Equity Value ETF 1.4 130 -55 7.7 -3.2
XCEM Columbia EM Core ex-China ETF 1.4 16 59 4.9 -5.9
GDX VanEck Gold Miners ETF 1.4 51 24 3.2 -7.7
SIL Global X Silver Miners ETF 1.4 65 10 1.9 -8.9
BGRO iShares Large Cap Growth Active ETF 1.4 55 20 1.9 -9.0
IGE iShares North American Natural Resources ETF 1.4 41 34 5.7 -5.1
FFF Founders 100 ETF 1.4 75 0 2.4 -8.4
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 2.8 -8.0
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 17 5.9 -5.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 24 51 5.2 -5.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 60 8.8 -2.0
TTAI FCF International Quality ETF 1.3 59 16 6.8 -4.1
VEXC Vanguard Emerging Markets Ex-China ETF 1.3 7 68 5.7 -5.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 3.7 -7.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.3 8 67 4.5 -6.4
DFEV Dimensional Emerging Markets Value ETF 1.3 43 32 9.4 -1.4
WRND IQ Global Equity R&D Leaders ETF 1.3 18 57 4.0 -6.8
ESGE iShares ESG Aware MSCI EM ETF 1.2 25 50 8.3 -2.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 57 5.1 -5.7
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 58 12.9 +2.0
ISHP First Trust Nasdaq Retail ETF 1.2 60 15 5.5 -5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 9 7.2 -3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 34 6.9 -4.0
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 40 7.0 -3.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.2 49 26 7.5 -3.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.2 58 17 3.4 -7.5
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 64 7.9 -2.9
EEM iShares MSCI Emerging Markets ETF 1.2 69 6 7.8 -3.0
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.2 69 6 7.4 -3.4
VCR Vanguard Consumer Discretionary ETF 1.2 9 66 4.5 -6.4
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 10.0 -0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 39 7.6 -3.2
VRAI Virtus Real Asset Income ETF 1.1 55 20 8.3 -2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.1 44 31 9.5 -1.3
FFND Future Fund Active ETF 1.1 100 -25 4.3 -6.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 45 8.0 -2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 13.4 +2.6
GURU Global X Guru Index ETF 1.1 75 0 2.4 -8.4
FFOX FundX Future Fund Opportunities ETF 1.1 100 -25 2.5 -8.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 37 7.0 -3.8
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 66 8.2 -2.6
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.4 -6.4
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 20 6.7 -4.2
TMAT Main Thematic Innovation ETF 1.0 164 -89 -1.9 -12.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 3.4 -7.4
GOEX Global X Gold Explorers ETF 1.0 65 10 2.5 -8.4
IXC iShares Global Energy ETF 1.0 44 31 7.3 -3.5
IXG iShares Global Financials ETF 1.0 42 33 6.3 -4.6
FEOE First Eagle Overseas Equity ETF 1.0 79 -4 6.2 -4.6
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.0 49 26 2.9 -7.9
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.0 25 50 3.6 -7.2
STXE Strive Emerging Markets Ex-China ETF 1.0 32 43 5.2 -5.6
WWJD Inspire International ETF 1.0 80 -5 6.4 -4.4
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 68 9.2 -1.7
YNOT Horizon Digital Frontier ETF 0.9 75 0 2.5 -8.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 4.8 -6.0
SCHE Schwab Emerging Markets Equity ETF 0.9 11 64 9.5 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.9 -1.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.9 25 50 6.2 -4.7
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -14 4.3 -6.5
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.1 -6.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 13.7 +2.9
GDXJ VanEck Junior Gold Miners ETF 0.9 52 23 3.2 -7.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 30 8.1 -2.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 25 8.1 -2.8
FEGE First Eagle Global Equity ETF 0.8 79 -4 6.1 -4.8
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 50 8.8 -2.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.8 20 55 0.8 -10.1
ARKW ARK Next Generation Internet ETF 0.8 87 -12 0.7 -10.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 0 1.7 -9.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 30 9.7 -1.1
TRFM AAM Transformers ETF 0.8 49 26 1.0 -9.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.8 15 60 8.0 -2.8
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 46 3.8 -7.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 55 7.4 -3.4
JETS U.S. Global Jets ETF 0.8 60 15 2.5 -8.3
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 45 6.5 -4.3
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 12 10.3 -0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.7 95 -20 10.0 -0.8
FITE State Street SPDR S&P Kensho Future Security ETF 0.7 45 30 1.0 -9.8
IYF iShares U.S. Financials ETF 0.7 40 35 5.8 -5.1
FFOG Franklin Focused Growth ETF 0.7 61 14 1.6 -9.3
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.7 45 30 -1.4 -12.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 35 3.0 -7.9
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 9 9.2 -1.6
IBUY Amplify Online Retail ETF 0.7 65 10 2.3 -8.5
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 3.1 -7.7
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.7 -7.1
NULC Nuveen ESG Large-Cap ETF 0.6 21 54 3.9 -6.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.6 25 50 10.4 -0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 16 8.6 -2.3
QQQ Invesco QQQ Trust Series I 0.6 20 55 3.2 -7.7
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 3.2 -7.6
GVAL Cambria Global Value ETF 0.5 68 7 9.0 -1.9
CGIE Capital Group International Equity ETF 0.5 54 21 4.6 -6.2
EMM Global X Emerging Markets ex-China ETF 0.5 75 0 4.7 -6.1
VIDI Vident International Equity Strategy ETF 0.5 61 14 8.1 -2.8
FPXI First Trust International Equity Opportunities ETF 0.5 70 5 3.7 -7.2
BLES Inspire Global Hope ETF 0.5 61 14 5.7 -5.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 40 10.0 -0.8
QGRW WisdomTree U.S. Quality Growth Fund 0.4 28 47 2.8 -8.0
IGRO iShares International Dividend Growth ETF 0.4 15 60 6.8 -4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 6.0 -4.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 8.1 -2.7
DRNZ REX Drone ETF 0.4 65 10 -1.6 -12.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 6.4 -4.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 5 6.5 -4.4
IGF iShares Global Infrastructure ETF 0.4 41 34 4.2 -6.6
GII SPDR S&P Global Infrastructure ETF 0.4 40 35 4.3 -6.5
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 39 4.1 -6.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.4 -4.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 26 7.3 -3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.4 -4.4
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 7.4 -3.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 0.9 -10.0
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.6 -4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 71 6.7 -4.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 46 6.6 -4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 4.9 -6.0
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 6.6 -4.2
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 8.1 -2.8
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.3 20 55 4.2 -6.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -13 8.4 -2.4
SETM Sprott Energy Transition Materials ETF 0.3 65 10 1.7 -9.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 0 4.8 -6.1
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 60 5.3 -5.5
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.0 -5.9
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 40 3.3 -7.6
BUZZ VanEck Social Sentiment ETF 0.3 75 0 -0.7 -11.5
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 65 3.8 -7.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 33 7.6 -3.2
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 3.0 -7.9
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 4.0 -6.9
FXO First Trust Financials AlphaDEX Fund 0.3 62 13 8.3 -2.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.3 9 66 4.2 -6.7
GVLU Gotham 1000 Value ETF 0.3 50 25 8.3 -2.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 4.1 -6.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 65 4.2 -6.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 55 5.7 -5.1
GLOF iShares Global Equity Factor ETF 0.3 20 55 5.6 -5.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 3.9 -7.0
VXUS Vanguard Total International Stock ETF 0.2 5 70 6.7 -4.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.4 -2.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 54 2.9 -8.0
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.6 -4.2
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 65 4.2 -6.7
ACWI iShares MSCI ACWI ETF 0.2 32 43 4.6 -6.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 8.6 -2.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 66 4.1 -6.7
FRGN Horizon International Equity ETF 0.2 75 0 7.8 -3.1
VT Vanguard Total World Stock ETF 0.2 6 69 5.0 -5.8
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.4 -4.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.2 -6.6
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.4 -6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.4 -6.4
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.7 -5.1
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 57 0.0 -10.8
EXI iShares Global Industrials ETF 0.2 42 33 3.6 -7.2
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 0 8.2 -2.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.4 -7.4
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.2 10 65 3.6 -7.2
SCHY Schwab International Dividend Equity ETF 0.2 14 61 8.5 -2.4
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.9 -4.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.4 -6.5
LRGF iShares U.S. Equity Factor ETF 0.2 8 67 4.6 -6.3
GEW Cambria Global EW ETF 0.2 29 46 5.4 -5.4
GGRW Gabelli Growth Innovators ETF 0.2 90 -15 2.0 -8.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.7 -6.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 8.0 -2.9
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 4.3 -6.6
RVRB Reverb ETF 0.2 30 45 3.8 -7.1
AVUS Avantis U.S. Equity ETF 0.2 15 60 4.7 -6.1
PBUS Invesco MSCI USA ETF 0.2 4 71 4.2 -6.7
USEW Cambria US EW ETF 0.2 30 45 4.1 -6.7
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.5 -7.3
ILCG iShares Morningstar Growth ETF 0.2 4 71 3.0 -7.8
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.5 -5.4
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 10 3.4 -7.5
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.6 -5.3
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 60 4.1 -6.7
GINX SGI Enhanced Global Income ETF 0.1 98 -23 6.7 -4.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 73 4.1 -6.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 75 4.1 -6.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 68 4.1 -6.8
VOTE TCW Transform 500 ETF 0.1 5 70 4.1 -6.8
SIZE iShares MSCI USA Size Factor ETF 0.1 15 60 5.4 -5.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 6.1 -4.8
VONG Vanguard Russell 1000 Growth ETF 0.1 7 68 3.5 -7.3
IWF iShares Russell 1000 Growth ETF 0.1 19 56 14.2 +3.4
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.1 -4.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 64 4.1 -6.7
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 72 4.1 -6.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 71 5.2 -5.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.3 -4.5
STXK Strive Small-Cap ETF 0.1 18 57 5.2 -5.6
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.0 -5.8
AVDV Avantis International Small Cap Value ETF 0.1 36 39 7.7 -3.1
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 60 4.9 -5.9
GXLC Global X U.S. 500 ETF 0.1 2 73 4.1 -6.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.5 -4.4
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 28 5.2 -5.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.4 -6.4
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.3 -4.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.9 -6.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.5 -5.3
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.3 -6.6
ILCV iShares Morningstar Value ETF 0.1 4 71 5.3 -5.5
URTH iShares MSCI World ETF 0.1 24 51 4.3 -6.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 6.0 -4.8
IWL iShares Russell Top 200 ETF 0.1 15 60 3.9 -7.0
DAK Dakota Active Equity ETF 0.1 43 32 3.7 -7.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.0 -4.9
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.1 -6.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 4.9 -5.9
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.2 -6.6
IWB iShares Russell 1000 ETF 0.1 15 60 4.1 -6.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.1 -4.7
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.6 -4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.2 -5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 2.3 -8.5
IWV iShares Russell 3000 ETF 0.1 20 55 4.0 -6.8
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.1 -6.7
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.3 -4.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.7 -6.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 6.1 -4.7
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 33 3.5 -7.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 6.8 -4.0
JGRO JPMorgan Active Growth ETF 0.0 44 31 2.4 -8.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 8.8 -2.1
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.2 -3.6
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.3 -5.5
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 62 1.7 -9.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.0 -3.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.0 -4.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 6.0 -4.8
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.4 -4.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 6.0 -4.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.6 -5.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.8 -7.1
EBI Longview Advantage ETF 0.0 35 40 5.9 -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 Brazil Active 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 15.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 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.