Global X Brazil Active ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 10.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 3.2%


  • 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 26
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 15.0 %
NU HOLDINGS LTD. CLASS A 12.0 %
ITAU UNIBANCO HLDNG-PREF ADR 11.3 %
VALE SA-SP ADR 7.4 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.9 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.7 %
CENTRAIS ELEC BRAS-SP ADR CM 4.5 %
BANCO BRADESCO-ADR 4.4 %
CIA PARANAENSE DE ENER-ADR 4.1 %
WEG SA 4.0 %
Total 72.3 %

TOP COUNTRY EXPOSURE
BRAZIL 80.5 %
CAYMAN ISLANDS 10.7 %
UNITED STATES 5.4 %
CANADA 2.9 %
ARGENTINA 0.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.6% 25.4% -- -- 40.0%

Market Correlations
versus... Beta R-squared
S&P500 0.94 24%
MSCI EAFE 0.95 37%
MSCI Emg. Mkts. 0.53 29%

Technical Indicators
Recent close $31.80
30d moving avg. $30.20
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 338 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™: 10.1%


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 28.8 58 17 10.2 +0.1
OTGL OTG Latin America ETF 21.5 269 -194 8.0 -2.2
FLBR Franklin FTSE Brazil ETF 16.7 19 56 11.2 +1.1
FLN First Trust Latin America AlphaDEX Fund 10.7 80 -5 10.1 -0.0
FLLA Franklin FTSE Latin America ETF 9.6 19 56 10.7 +0.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.2 86 -11 0.3 -9.8
EV Mast Global Battery Recycling & Production ETF 6.9 65 10 6.4 -3.7
SLX VanEck Steel ETF 6.8 56 19 10.6 +0.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.9 86 -11 14.9 +4.7
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 -4 8.6 -1.5
EMC Global X Emerging Markets Great Consumer ETF 5.3 75 0 7.1 -3.0
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 16 11.8 +1.7
FFTY Innovator IBD 50 ETF 4.7 80 -5 0.1 -10.0
TIIV AAM Todd International Intrinsic Value ETF 4.5 54 21 9.8 -0.3
BLOK Amplify Transformational Data Sharing ETF 4.5 75 0 -0.1 -10.2
JADE JPMorgan Active Developing Markets Equity ETF 4.5 65 10 5.9 -4.2
AADR AdvisorShares Dorsey Wright ADR ETF 4.4 110 -35 3.3 -6.8
XC WisdomTree Emerging Markets Ex-China Fund 4.3 32 43 6.9 -3.2
AOTG AOT Growth and Innovation ETF 4.2 75 0 1.1 -9.0
BPAY BlackRock Future Financial and Technology ETF 4.1 70 5 5.6 -4.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 15 6.8 -3.3
DVYE iShares Emerging Markets Dividend ETF 3.9 49 26 17.8 +7.7
ABLD Abacus FCF Real Assets Leaders ETF 3.9 69 6 6.8 -3.3
ICOP iShares Copper and Metals Mining ETF 3.9 47 28 5.4 -4.7
EMIF iShares Emerging Markets Infrastructure ETF 3.8 60 15 2.9 -7.2
OSEA Harbor International Compounders ETF 3.7 55 20 4.6 -5.6
LOUP Innovator Deepwater Frontier Tech ETF 3.6 70 5 1.0 -9.2
BKF iShares MSCI BIC ETF 3.6 69 6 15.7 +5.6
GVIP Goldman Sachs Hedge Industry VIP ETF 3.5 45 30 2.5 -7.6
ARKF ARK Fintech Innovation ETF 3.4 75 0 0.2 -9.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.4 33 42 6.7 -3.5
PID Invesco International Dividend Achievers ETF 3.3 53 22 4.5 -5.6
CGXU Capital Group International Focus Equity ETF 3.1 54 21 3.8 -6.3
BJK VanEck Gaming ETF 3.1 65 10 4.7 -5.5
DINT Davis Select International ETF 3.1 55 20 6.4 -3.7
LOGO Alpha Brands Consumption Leaders ETF 3.0 69 6 2.8 -7.3
FTHF First Trust Emerging Markets Human Flourishing ETF 2.9 75 0 5.4 -4.7
EWZS iShares MSCI Brazil Small-Cap ETF 2.9 59 16 11.7 +1.6
COPJ Sprott Junior Copper Miners ETF 2.9 75 0 -1.4 -11.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.8 33 42 5.9 -4.2
FRDM Freedom 100 Emerging Markets ETF 2.7 49 26 5.2 -4.9
COPA Themes Copper Miners ETF 2.7 35 40 2.9 -7.2
FDFF Fidelity Disruptive Finance ETF 2.6 50 25 5.5 -4.7
SPEM SPDR Portfolio Emerging Markets ETF 2.5 7 68 9.5 -0.6
IPAV Global X Infrastructure Development ex-U.S. ETF 2.4 55 20 6.2 -3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 8 12.5 +2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 2.3 48 27 8.6 -1.6
BRF VanEck Brazil Small-Cap ETF 2.2 66 9 11.6 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -5 8.7 -1.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 15 11.1 +1.0
AVEM Avantis Emerging Markets Equity ETF 2.0 33 42 6.9 -3.2
GDX VanEck Gold Miners ETF 2.0 51 24 3.0 -7.1
HAP VanEck Natural Resources ETF 1.9 50 25 6.6 -3.5
BITQ Bitwise Crypto Industry Innovators ETF 1.9 85 -10 -2.2 -12.3
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 59 6.6 -3.6
GNR SPDR S&P Global Natural Resources ETF 1.8 40 35 8.3 -1.8
FXZ First Trust Materials AlphaDEX Fund 1.8 61 14 7.1 -3.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.8 75 0 6.2 -3.9
AUAU Global X Gold Miners ETF 1.8 35 40 2.7 -7.5
ICLN iShares Global Clean Energy ETF 1.8 41 34 2.2 -7.9
BOUT Innovator IBD Breakout Opportunities ETF 1.8 81 -6 3.3 -6.8
ROAM Hartford Multifactor Emerging Markets ETF 1.8 44 31 7.5 -2.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.7 53 22 4.9 -5.2
COPX Global X Copper Miners ETF 1.7 65 10 4.1 -6.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.7 32 43 7.6 -2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.7 30 45 7.4 -2.7
BINV Brandes International ETF 1.7 70 5 8.7 -1.4
MXI iShares Global Materials ETF 1.6 41 34 6.1 -4.0
MID American Century Mid Cap Growth Impact ETF 1.6 45 30 3.0 -7.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 50 4.9 -5.2
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 60 5.6 -4.6
AVES Avantis Emerging Markets Value ETF 1.6 36 39 9.0 -1.2
BCOR Grayscale Bitcoin Adopters ETF 1.6 59 16 1.7 -8.4
BUYZ Franklin Disruptive Commerce ETF 1.6 50 25 2.6 -7.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 15 4.5 -5.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.6 20 55 4.2 -5.9
GPT Intelligent Alpha Atlas ETF 1.6 69 6 6.1 -4.1
GKAT Scharf Global Opportunity ETF 1.6 57 18 6.0 -4.1
PCGG Polen Capital Global Growth ETF 1.6 85 -10 4.0 -6.1
LGCF Themes US Cash Flow Champions ETF 1.6 30 45 7.0 -3.1
CDIG City Different Investments Global Equity ETF 1.6 75 0 -1.7 -11.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 15 9.6 -0.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.6 58 17 3.1 -7.0
VUSG Vanguard Wellington U.S. Growth Active ETF 1.6 35 40 2.5 -7.6
TMFG Motley Fool Global Opportunities ETF 1.6 85 -10 4.0 -6.1
CLOD Themes Cloud Computing ETF 1.6 35 40 2.9 -7.2
ONLN ProShares Online Retail ETF 1.6 58 17 1.5 -8.6
PNQI Invesco NASDAQ Internet ETF 1.6 60 15 3.8 -6.3
OGIG ALPS O'Shares Global Internet Giants ETF 1.6 48 27 2.4 -7.7
EBIZ Global X E-Commerce ETF 1.6 50 25 5.1 -5.0
ARGT Global X MSCI Argentina ETF 1.6 59 16 3.7 -6.4
TOGA Tremblant Global ETF 1.6 69 6 -0.1 -10.2
USRD Themes US R&D Champions ETF 1.6 29 46 4.1 -6.0
MVPA Miller Value Partners Appreciation ETF 1.6 60 15 10.0 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 39 5.8 -4.4
BGRO iShares Large Cap Growth Active ETF 1.5 55 20 1.9 -8.2
SIL Global X Silver Miners ETF 1.5 65 10 1.9 -8.2
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 17 7.2 -3.0
IGE iShares North American Natural Resources ETF 1.5 41 34 5.6 -4.5
BLCR iShares Large Cap Core Active ETF 1.5 36 39 2.9 -7.2
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 50 4.0 -6.2
FITE State Street SPDR S&P Kensho Future Security ETF 1.5 45 30 1.0 -9.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.5 41 34 6.8 -3.3
APIE ActivePassive International Equity ETF 1.5 45 30 6.5 -3.7
MVAL VanEck Morningstar Wide Moat Value ETF 1.4 49 26 6.6 -3.5
ISHP First Trust Nasdaq Retail ETF 1.4 60 15 5.8 -4.3
VCR Vanguard Consumer Discretionary ETF 1.4 9 66 4.9 -5.2
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 3.0 -7.1
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 29 5.6 -4.5
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.4 45 30 -1.5 -11.7
FFOX FundX Future Fund Opportunities ETF 1.3 100 -25 2.7 -7.5
GURU Global X Guru Index ETF 1.3 75 0 2.4 -7.7
FFF Founders 100 ETF 1.3 75 0 2.3 -7.8
FFND Future Fund Active ETF 1.3 100 -25 4.5 -5.6
ESGE iShares ESG Aware MSCI EM ETF 1.3 25 50 8.1 -2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 37 6.9 -3.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 43 4.6 -5.5
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 40 6.9 -3.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.3 69 6 7.6 -2.5
EEM iShares MSCI Emerging Markets ETF 1.3 69 6 7.7 -2.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.3 18 57 5.2 -5.0
VEXC Vanguard Emerging Markets Ex-China ETF 1.2 7 68 5.6 -4.5
GOEX Global X Gold Explorers ETF 1.2 65 10 2.2 -7.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 45 7.9 -2.3
AVSE Avantis Responsible Emerging Markets Equity ETF 1.2 33 42 6.5 -3.6
CGV Conductor Global Equity Value ETF 1.2 130 -55 7.9 -2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 51 5.0 -5.1
ARKW ARK Next Generation Internet ETF 1.2 87 -12 0.5 -9.6
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 66 8.1 -2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 17 3.6 -6.5
WRND IQ Global Equity R&D Leaders ETF 1.1 18 57 4.0 -6.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 67 4.9 -5.2
STXE Strive Emerging Markets Ex-China ETF 1.1 32 43 5.1 -5.0
TMAT Main Thematic Innovation ETF 1.1 164 -89 -1.9 -12.1
SMOG VanEck Low Carbon Energy ETF 1.1 61 14 1.4 -8.7
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.6 -5.5
CZA Invesco Zacks Mid-Cap ETF 1.0 72 3 6.1 -4.1
XCEM Columbia EM Core ex-China ETF 1.0 16 59 4.8 -5.4
DFEV Dimensional Emerging Markets Value ETF 1.0 43 32 9.1 -1.0
FEOE First Eagle Overseas Equity ETF 1.0 79 -4 6.2 -3.9
IXC iShares Global Energy ETF 1.0 44 31 7.0 -3.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 26 7.5 -2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 9 7.3 -2.8
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 20 6.7 -3.4
IXG iShares Global Financials ETF 0.9 42 33 6.2 -3.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 4.8 -5.3
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 50 8.8 -1.3
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 58 12.9 +2.8
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 0.9 49 26 2.8 -7.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 64 24.1 +14.0
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 68 9.3 -0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 13.4 +3.3
SCHE Schwab Emerging Markets Equity ETF 0.9 11 64 9.5 -0.6
TRFM AAM Transformers ETF 0.9 49 26 1.0 -9.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 60 8.9 -1.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -15 3.3 -6.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 39 7.5 -2.6
GDXJ VanEck Junior Gold Miners ETF 0.9 52 23 3.1 -7.1
VRAI Virtus Real Asset Income ETF 0.9 55 20 8.7 -1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 26 13.4 +3.3
FEGE First Eagle Global Equity ETF 0.8 79 -4 6.1 -4.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 40 3.4 -6.7
WWJD Inspire International ETF 0.8 80 -5 6.5 -3.6
IYF iShares U.S. Financials ETF 0.8 40 35 5.9 -4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 31 9.7 -0.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 36 8.4 -1.7
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 45 6.4 -3.7
IBUY Amplify Online Retail ETF 0.7 65 10 2.5 -7.6
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 9 8.8 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 25 7.9 -2.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 35 2.7 -7.4
NULC Nuveen ESG Large-Cap ETF 0.7 21 54 3.9 -6.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 30 9.9 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 30 8.0 -2.2
JETS U.S. Global Jets ETF 0.7 60 15 2.7 -7.4
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 46 3.9 -6.2
DRNZ REX Drone ETF 0.6 65 10 -2.0 -12.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 0 1.7 -8.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 12 10.1 -0.0
EMM Global X Emerging Markets ex-China ETF 0.6 75 0 4.6 -5.6
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.7 -6.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 60 8.0 -2.1
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -14 4.3 -5.8
GVAL Cambria Global Value ETF 0.5 68 7 8.4 -1.8
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 47 2.9 -7.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 16 8.4 -1.7
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 50 10.5 +0.4
FFOG Franklin Focused Growth ETF 0.5 61 14 1.6 -8.5
VIDI Vident International Equity Strategy ETF 0.5 61 14 8.2 -1.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 46 6.2 -3.9
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 55 4.3 -5.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 46 9.2 -1.0
YNOT Horizon Digital Frontier ETF 0.5 75 0 2.5 -7.6
GINX SGI Enhanced Global Income ETF 0.5 98 -23 6.7 -3.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.5 35 40 1.1 -9.0
IGRO iShares International Dividend Growth ETF 0.5 15 60 6.8 -3.3
CGIE Capital Group International Equity ETF 0.5 54 21 4.6 -5.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.4 -3.8
GVLU Gotham 1000 Value ETF 0.4 50 25 8.3 -1.8
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.4 -4.7
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 6.4 -3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.4 -3.7
SETM Sprott Energy Transition Materials ETF 0.4 65 10 2.0 -8.1
BLES Inspire Global Hope ETF 0.4 61 14 5.9 -4.2
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 55 3.1 -7.0
QQQ Invesco QQQ Trust Series I 0.4 20 55 3.2 -6.9
QQQM Invesco NASDAQ 100 ETF 0.4 15 60 3.2 -6.9
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.6 -3.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 55 0.8 -9.3
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 0 4.8 -5.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 4.8 -5.3
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -31 10.5 +0.4
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 3.8 -6.3
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 40 3.3 -6.8
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 16 7.9 -2.2
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 39 4.1 -6.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 50 6.0 -4.2
SGDM Sprott Gold Miners ETF 0.3 50 25 2.9 -7.2
GGRW Gabelli Growth Innovators ETF 0.3 90 -15 2.1 -8.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 55 5.8 -4.4
IYM iShares U.S. Basic Materials ETF 0.3 40 35 4.6 -5.5
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 4.0 -6.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 6.7 -3.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 57 6.4 -3.7
CGGO Capital Group Global Growth Equity ETF 0.3 47 28 4.1 -6.0
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 8.0 -2.1
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 3.1 -7.0
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 51 5.7 -4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 5.9 -4.2
SDIV Global X Superdividend ETF 0.3 58 17 14.6 +4.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -13 8.5 -1.6
GLOF iShares Global Equity Factor ETF 0.3 20 55 5.5 -4.6
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 4.2 -5.9
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.1 -6.0
ACWI iShares MSCI ACWI ETF 0.2 32 43 4.6 -5.5
VXUS Vanguard Total International Stock ETF 0.2 5 70 6.6 -3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.5 -5.7
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 37 3.9 -6.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 66 4.2 -5.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 65 4.2 -5.9
FRGN Horizon International Equity ETF 0.2 75 0 7.9 -2.3
VT Vanguard Total World Stock ETF 0.2 6 69 5.0 -5.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.6 -4.5
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.6 -3.6
SCHY Schwab International Dividend Equity ETF 0.2 14 61 8.8 -1.3
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.8 -4.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 33 4.2 -6.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 33 7.6 -2.5
EXI iShares Global Industrials ETF 0.2 42 33 3.7 -6.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.6 -4.5
GEW Cambria Global EW ETF 0.2 29 46 5.4 -4.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 5 6.4 -3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 8.3 -1.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 9.3 -0.8
SQLV Royce Quant Small-Cap Quality Value ETF 0.2 60 15 7.7 -2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.6 -1.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 54 2.9 -7.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.7 -5.4
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.2 -3.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.2 -5.9
AVDV Avantis International Small Cap Value ETF 0.2 36 39 7.6 -2.5
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 0 8.2 -1.9
USEW Cambria US EW ETF 0.2 30 45 4.2 -5.9
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.7 -6.4
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 3.4 -6.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 57 6.1 -4.0
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.6 -6.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 3.8 -6.4
IWF iShares Russell 1000 Growth ETF 0.2 19 56 15.1 +5.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.4 -5.8
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.2 15 60 5.0 -5.1
IGF iShares Global Infrastructure ETF 0.2 41 34 4.6 -5.5
GII SPDR S&P Global Infrastructure ETF 0.2 40 35 4.7 -5.5
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 65 4.9 -5.2
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.2 -6.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.4 -5.8
ILCV iShares Morningstar Value ETF 0.1 4 71 5.3 -4.8
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.2 -4.0
KLMN Invesco MSCI North America Climate ETF 0.1 9 66 4.3 -5.8
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 72 4.1 -6.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.4 -3.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 68 4.1 -6.0
GXLC Global X U.S. 500 ETF 0.1 2 73 4.1 -6.0
AVUS Avantis U.S. Equity ETF 0.1 15 60 4.8 -5.4
ILCG iShares Morningstar Growth ETF 0.1 4 71 3.2 -7.0
STXK Strive Small-Cap ETF 0.1 18 57 5.3 -4.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 75 12.5 +2.4
PBUS Invesco MSCI USA ETF 0.1 4 71 4.2 -5.9
VOTE TCW Transform 500 ETF 0.1 5 70 4.1 -6.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 73 4.2 -5.9
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.5 -4.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 64 4.2 -6.0
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 57 0.0 -10.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.7 -3.4
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.2 -4.0
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.3 -5.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 5.0 -5.1
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 6.0 -4.1
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 52 3.1 -7.1
URTH iShares MSCI World ETF 0.1 24 51 4.3 -5.8
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.8 -3.3
IWL iShares Russell Top 200 ETF 0.1 15 60 3.9 -6.2
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 60 4.9 -5.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.4 -5.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.2 -4.9
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.7 -3.5
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.2 -5.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.9 -5.2
IWB iShares Russell 1000 ETF 0.1 15 60 4.2 -6.0
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.1 -6.0
IWV iShares Russell 3000 ETF 0.1 20 55 4.0 -6.1
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.1 -6.0
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.3 -3.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.5 -4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.1 -4.0
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 55 9.1 -1.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.7 -3.4
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.7 -5.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 6.3 -3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 71 17.7 +7.6
LRGF iShares U.S. Equity Factor ETF 0.1 8 67 4.6 -5.5
SMMD iShares Russell 2500 ETF 0.0 15 60 5.7 -4.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 9.3 -0.8
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.5 -4.7
DEW WisdomTree Global High Dividend Fund 0.0 58 17 7.4 -2.7
IWR iShares Russell Midcap ETF 0.0 19 56 5.5 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.0 -3.1
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 33 3.5 -6.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.1 -4.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 6.3 -3.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.9 -4.2
AVDE Avantis International Equity ETF 0.0 23 52 6.3 -3.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.7 -3.4
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 62 1.7 -8.4
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 35 3.8 -6.3
DISV Dimensional International Small Cap Value ETF 0.0 42 33 8.0 -2.2
EBI Longview Advantage ETF 0.0 35 40 5.9 -4.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.7 -6.4

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 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 1.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.1 %
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.