Global X Brazil Active ETF
ALTAR
Score™		 10.2% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 3.3%


  • 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 25
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 15.1 %
NU HOLDINGS LTD. CLASS A 11.9 %
ITAU UNIBANCO HLDNG-PREF ADR 11.4 %
VALE SA-SP ADR 6.9 %
BANCO BRADESCO-ADR 5.0 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.9 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.9 %
CENTRAIS ELEC BRAS-SP ADR CM 4.4 %
CIA PARANAENSE DE ENER-ADR 3.7 %
BM&FBOVESPA SA 3.6 %
Total 71.8 %

TOP COUNTRY EXPOSURE
BRAZIL 78.2 %
CAYMAN ISLANDS 11.8 %
UNITED STATES 4.9 %
CANADA 3.5 %
ARGENTINA 1.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.4% 42.4% -- -- 41.4%

Market Correlations
versus... Beta R-squared
S&P500 0.98 27%
MSCI EAFE 0.99 40%
MSCI Emg. Mkts. 0.57 33%

Technical Indicators
Recent close $31.00
30d moving avg. $29.84
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.67%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 341 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™: 10.2%


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 28.5 58 17 10.6 +0.4
OTGL OTG Latin America ETF 18.8 269 -194 7.6 -2.6
FLBR Franklin FTSE Brazil ETF 16.7 19 56 11.9 +1.6
FLN First Trust Latin America AlphaDEX Fund 10.7 80 -5 9.9 -0.3
FLLA Franklin FTSE Latin America ETF 9.6 19 56 10.6 +0.4
EMIF iShares Emerging Markets Infrastructure ETF 7.7 60 15 2.9 -7.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 7.1 86 -11 0.2 -10.0
SLX VanEck Steel ETF 6.9 56 19 10.0 -0.2
EV Mast Global Battery Recycling & Production ETF 6.9 65 10 6.4 -3.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.9 86 -11 12.3 +2.1
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 -4 8.4 -1.8
NDIV Amplify Natural Resources Dividend Income ETF 5.1 59 16 11.7 +1.5
LOUP Innovator Deepwater Frontier Tech ETF 5.1 70 5 0.9 -9.3
AOTG AOT Growth and Innovation ETF 4.8 75 0 1.2 -9.0
EMC Global X Emerging Markets Great Consumer ETF 4.8 75 0 7.1 -3.1
GPT Intelligent Alpha Atlas ETF 4.8 69 6 6.1 -4.2
TIIV AAM Todd International Intrinsic Value ETF 4.7 54 21 9.3 -0.9
JADE JPMorgan Active Developing Markets Equity ETF 4.5 65 10 5.9 -4.3
BLOK Amplify Transformational Data Sharing ETF 4.4 75 0 -0.1 -10.3
AADR AdvisorShares Dorsey Wright ADR ETF 4.3 110 -35 3.1 -7.1
XC WisdomTree Emerging Markets Ex-China Fund 4.3 32 43 6.3 -3.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 15 6.4 -3.8
ICOP iShares Copper and Metals Mining ETF 4.1 47 28 5.5 -4.7
BPAY BlackRock Future Financial and Technology ETF 4.0 70 5 4.8 -5.4
DVYE iShares Emerging Markets Dividend ETF 4.0 49 26 17.6 +7.4
ABLD Abacus FCF Real Assets Leaders ETF 3.8 69 6 6.6 -3.6
OSEA Harbor International Compounders ETF 3.7 55 20 4.2 -6.0
FTRI First Trust Indxx Global Natural Resources Income ETF 3.5 70 5 6.8 -3.4
GVIP Goldman Sachs Hedge Industry VIP ETF 3.5 45 30 2.4 -7.8
ARKF ARK Fintech Innovation ETF 3.5 75 0 0.3 -10.0
BKF iShares MSCI BIC ETF 3.4 69 6 14.4 +4.2
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 4.0 -6.2
SMOG VanEck Low Carbon Energy ETF 3.3 61 14 1.3 -8.9
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.3 65 10 5.0 -5.2
CNRG State Street SPDR S&P Kensho Clean Power ETF 3.2 45 30 -0.0 -10.2
EWZS iShares MSCI Brazil Small-Cap ETF 3.2 59 16 12.2 +2.0
CGXU Capital Group International Focus Equity ETF 3.1 54 21 3.7 -6.5
DINT Davis Select International ETF 3.1 55 20 5.8 -4.5
GNR SPDR S&P Global Natural Resources ETF 3.0 40 35 8.4 -1.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.0 33 42 6.1 -4.1
FTHF First Trust Emerging Markets Human Flourishing ETF 2.9 75 0 5.8 -4.4
BJK VanEck Gaming ETF 2.8 65 10 4.6 -5.7
BRF VanEck Brazil Small-Cap ETF 2.8 66 9 12.0 +1.8
FRDM Freedom 100 Emerging Markets ETF 2.6 49 26 5.4 -4.8
SPEM SPDR Portfolio Emerging Markets ETF 2.6 7 68 9.4 -0.9
FDFF Fidelity Disruptive Finance ETF 2.6 50 25 5.0 -5.2
HAP VanEck Natural Resources ETF 2.4 50 25 6.7 -3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 2.3 48 27 8.6 -1.7
COPJ Sprott Junior Copper Miners ETF 2.3 75 0 -1.4 -11.6
COPA Themes Copper Miners ETF 2.3 35 40 3.0 -7.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 -5 8.8 -1.4
IPAV Global X Infrastructure Development ex-U.S. ETF 2.2 55 20 5.8 -4.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 15 10.5 +0.3
AVEM Avantis Emerging Markets Equity ETF 2.1 33 42 7.0 -3.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.9 53 22 5.1 -5.1
ICLN iShares Global Clean Energy ETF 1.9 41 34 2.0 -8.2
BITQ Bitwise Crypto Industry Innovators ETF 1.9 85 -10 -2.3 -12.5
EMXF iShares ESG Advanced MSCI EM ETF 1.8 16 59 6.6 -3.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.8 75 0 6.3 -3.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 45 7.5 -2.8
ROAM Hartford Multifactor Emerging Markets ETF 1.8 44 31 7.5 -2.7
MXI iShares Global Materials ETF 1.7 41 34 6.0 -4.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.7 32 43 7.5 -2.8
AVES Avantis Emerging Markets Value ETF 1.7 36 39 9.0 -1.2
BINV Brandes International ETF 1.7 70 5 8.1 -2.1
APIE ActivePassive International Equity ETF 1.6 45 30 6.2 -4.0
FFF Founders 100 ETF 1.6 75 0 2.4 -7.9
MID American Century Mid Cap Growth Impact ETF 1.6 45 30 3.0 -7.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 60 5.6 -4.6
GDX VanEck Gold Miners ETF 1.6 51 24 3.3 -6.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 50 5.1 -5.1
BUYZ Franklin Disruptive Commerce ETF 1.5 50 25 2.4 -7.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.5 60 15 4.1 -6.1
MVPA Miller Value Partners Appreciation ETF 1.5 60 15 9.2 -1.0
PCGG Polen Capital Global Growth ETF 1.5 85 -10 3.8 -6.4
CDIG City Different Investments Global Equity ETF 1.5 75 0 -1.6 -11.8
ARGT Global X MSCI Argentina ETF 1.5 59 16 3.3 -7.0
TMFG Motley Fool Global Opportunities ETF 1.5 85 -10 3.6 -6.6
TOGA Tremblant Global ETF 1.5 69 6 -0.2 -10.4
USRD Themes US R&D Champions ETF 1.5 29 46 4.0 -6.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 39 5.9 -4.3
GKAT Scharf Global Opportunity ETF 1.5 57 18 5.7 -4.5
BCOR Grayscale Bitcoin Adopters ETF 1.5 59 16 2.2 -8.0
CLOD Themes Cloud Computing ETF 1.5 35 40 2.9 -7.3
LOGO Alpha Brands Consumption Leaders ETF 1.5 69 6 2.6 -7.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.5 20 55 4.0 -6.2
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 27 2.4 -7.9
PNQI Invesco NASDAQ Internet ETF 1.5 60 15 3.7 -6.5
EBIZ Global X E-Commerce ETF 1.5 50 25 4.3 -5.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.5 58 17 3.0 -7.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.5 60 15 8.7 -1.5
LGCF Themes US Cash Flow Champions ETF 1.5 30 45 6.9 -3.3
ONLN ProShares Online Retail ETF 1.5 58 17 1.2 -9.0
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 17 6.5 -3.7
COPX Global X Copper Miners ETF 1.5 65 10 4.2 -6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.5 41 34 6.9 -3.4
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.5 25 50 3.5 -6.7
ISHP First Trust Nasdaq Retail ETF 1.4 60 15 5.1 -5.1
AUAU Global X Gold Miners ETF 1.4 35 40 2.9 -7.3
NULG Nuveen ESG Large-Cap Growth ETF 1.4 26 49 2.8 -7.4
MVAL VanEck Morningstar Wide Moat Value ETF 1.4 49 26 6.0 -4.2
MOAT VanEck Morningstar Wide Moat ETF 1.4 46 29 5.2 -5.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.3 33 42 6.6 -3.6
VCR Vanguard Consumer Discretionary ETF 1.3 9 66 4.4 -5.9
TTAI FCF International Quality ETF 1.3 59 16 6.9 -3.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 37 7.0 -3.2
FFND Future Fund Active ETF 1.3 100 -25 4.2 -6.1
FITE State Street SPDR S&P Kensho Future Security ETF 1.3 45 30 1.0 -9.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 43 4.7 -5.5
FXZ First Trust Materials AlphaDEX Fund 1.3 61 14 6.8 -3.4
ESGE iShares ESG Aware MSCI EM ETF 1.3 25 50 8.2 -2.0
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 40 7.0 -3.3
GURU Global X Guru Index ETF 1.3 75 0 2.3 -7.9
VEXC Vanguard Emerging Markets Ex-China ETF 1.3 7 68 5.6 -4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 45 7.9 -2.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.2 69 6 7.6 -2.7
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 57 5.0 -5.2
EEM iShares MSCI Emerging Markets ETF 1.2 69 6 7.8 -2.4
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 1.2 45 30 -1.4 -11.6
CGV Conductor Global Equity Value ETF 1.2 130 -55 7.7 -2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 24 51 5.2 -5.0
FFOX FundX Future Fund Opportunities ETF 1.2 100 -25 2.3 -7.9
SIL Global X Silver Miners ETF 1.2 65 10 2.0 -8.2
BGRO iShares Large Cap Growth Active ETF 1.2 55 20 1.8 -8.4
IGE iShares North American Natural Resources ETF 1.2 41 34 5.8 -4.4
TRFM AAM Transformers ETF 1.1 49 26 0.9 -9.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 17 3.5 -6.8
WRND IQ Global Equity R&D Leaders ETF 1.1 18 57 3.9 -6.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.1 8 67 4.4 -5.8
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 66 8.2 -2.0
GOEX Global X Gold Explorers ETF 1.1 65 10 2.5 -7.8
DFEV Dimensional Emerging Markets Value ETF 1.1 43 32 9.4 -0.8
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.1 49 26 2.9 -7.3
TMAT Main Thematic Innovation ETF 1.1 164 -89 -1.9 -12.2
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.5 -5.7
STXE Strive Emerging Markets Ex-China ETF 1.0 32 43 5.2 -5.0
YNOT Horizon Digital Frontier ETF 1.0 75 0 2.5 -7.7
DSTX Distillate International Fundamental Stability & Value ETF 1.0 55 20 6.3 -3.9
CZA Invesco Zacks Mid-Cap ETF 1.0 72 3 5.5 -4.7
XCEM Columbia EM Core ex-China ETF 1.0 16 59 5.0 -5.3
FEOE First Eagle Overseas Equity ETF 1.0 79 -4 5.9 -4.3
ARKW ARK Next Generation Internet ETF 1.0 87 -12 0.6 -9.6
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 26 7.5 -2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 66 9 7.3 -2.9
IXG iShares Global Financials ETF 1.0 42 33 5.7 -4.5
IXC iShares Global Energy ETF 1.0 44 31 7.4 -2.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 34 4.8 -5.4
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 58 12.5 +2.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 64 24.0 +13.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 13.3 +3.1
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 68 9.0 -1.2
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -14 4.2 -6.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 60 8.8 -1.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.9 90 -15 3.6 -6.6
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 50 8.9 -1.3
SCHE Schwab Emerging Markets Equity ETF 0.9 11 64 9.3 -1.0
FEGE First Eagle Global Equity ETF 0.9 79 -4 5.8 -4.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 39 7.5 -2.7
VRAI Virtus Real Asset Income ETF 0.9 55 20 8.2 -2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 26 13.1 +2.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 40 3.3 -6.9
WWJD Inspire International ETF 0.8 80 -5 6.1 -4.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 31 9.3 -1.0
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 9 9.0 -1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -20 9.7 -0.5
IYF iShares U.S. Financials ETF 0.8 40 35 5.3 -4.9
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 45 6.3 -3.9
GDXJ VanEck Junior Gold Miners ETF 0.8 52 23 3.3 -6.9
SDIV Global X Superdividend ETF 0.7 58 17 13.6 +3.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.7 40 35 2.8 -7.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 25 8.2 -2.0
NULC Nuveen ESG Large-Cap ETF 0.7 21 54 3.8 -6.4
IBUY Amplify Online Retail ETF 0.7 65 10 2.1 -8.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 30 9.4 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.7 45 30 8.0 -2.2
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 46 3.7 -6.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.7 20 55 0.8 -9.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 0 1.8 -8.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 12 10.2 -0.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 60 8.0 -2.3
EMM Global X Emerging Markets ex-China ETF 0.6 75 0 4.7 -5.5
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.6 -6.6
VIDI Vident International Equity Strategy ETF 0.6 61 14 8.2 -2.0
JETS U.S. Global Jets ETF 0.6 60 15 2.1 -8.1
DRNZ REX Drone ETF 0.5 65 10 -1.8 -12.0
GVAL Cambria Global Value ETF 0.5 68 7 8.3 -1.9
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 47 2.8 -7.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 16 8.5 -1.7
GINX SGI Enhanced Global Income ETF 0.5 98 -23 6.3 -3.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 50 10.4 +0.2
FFOG Franklin Focused Growth ETF 0.5 61 14 1.6 -8.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 46 6.8 -3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 46 8.7 -1.5
CGIE Capital Group International Equity ETF 0.5 54 21 4.4 -5.8
IGRO iShares International Dividend Growth ETF 0.4 15 60 6.5 -3.7
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.4 20 55 4.2 -6.1
GVLU Gotham 1000 Value ETF 0.4 50 25 7.8 -2.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 26 7.5 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 6.2 -4.0
ECON Columbia Emerging Markets Consumer ETF 0.4 49 26 6.6 -3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 6.3 -3.9
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 55 3.1 -7.1
IGF iShares Global Infrastructure ETF 0.4 41 34 4.3 -6.0
BLES Inspire Global Hope ETF 0.4 61 14 5.5 -4.7
QQQ Invesco QQQ Trust Series I 0.4 20 55 3.2 -7.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 60 3.2 -7.0
GII SPDR S&P Global Infrastructure ETF 0.4 40 35 4.3 -6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 4.7 -5.5
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -31 9.6 -0.6
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 6.4 -3.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 8.3 -1.9
HAPI Harbor Human Capital Factor US Large Cap ETF 0.4 36 39 4.0 -6.2
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 60 5.2 -5.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 0 4.6 -5.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 6.5 -3.7
GGRW Gabelli Growth Innovators ETF 0.3 90 -15 2.0 -8.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 50 6.0 -4.2
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 0.9 -9.3
SETM Sprott Energy Transition Materials ETF 0.3 65 10 1.9 -8.3
GQQQ Astoria US Quality Growth Kings ETF 0.3 35 40 3.2 -7.0
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 16 6.9 -3.3
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 65 3.7 -6.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 57 6.2 -4.0
CGGO Capital Group Global Growth Equity ETF 0.3 47 28 3.9 -6.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.3 18 57 3.0 -7.2
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 7.7 -2.6
SUSA iShares MSCI USA ESG Select ETF 0.3 25 50 3.9 -6.3
SGDM Sprott Gold Miners ETF 0.3 50 25 3.3 -6.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 34 5.8 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.3 88 -13 8.4 -1.8
GLOF iShares Global Equity Factor ETF 0.3 20 55 5.4 -4.8
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 65 4.1 -6.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 5.6 -4.6
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 66 4.0 -6.2
VXUS Vanguard Total International Stock ETF 0.2 5 70 6.5 -3.7
ACWI iShares MSCI ACWI ETF 0.2 32 43 4.5 -5.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 65 4.1 -6.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 37 3.7 -6.5
IYM iShares U.S. Basic Materials ETF 0.2 40 35 4.5 -5.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 66 4.1 -6.2
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 5.5 -4.7
SCHY Schwab International Dividend Equity ETF 0.2 14 61 8.1 -2.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 63 4.3 -5.9
VT Vanguard Total World Stock ETF 0.2 6 69 4.9 -5.3
VSGX Vanguard ESG International Stock ETF 0.2 10 65 6.4 -3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 33 4.0 -6.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 33 7.8 -2.4
FRGN Horizon International Equity ETF 0.2 75 0 7.7 -2.5
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 5.3 -5.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 5 6.6 -3.6
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 5.3 -5.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 65 8.4 -1.8
SQLV Royce Quant Small-Cap Quality Value ETF 0.2 60 15 7.0 -3.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 17 8.5 -1.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 54 2.9 -7.4
GEW Cambria Global EW ETF 0.2 29 46 5.2 -5.0
EXI iShares Global Industrials ETF 0.2 42 33 3.4 -6.8
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 0 7.7 -2.5
AVDV Avantis International Small Cap Value ETF 0.2 36 39 7.7 -2.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 65 4.1 -6.1
IVRS iShares Future Metaverse Tech and Communications ETF 0.2 47 28 5.2 -5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 4.6 -5.6
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 3.7 -6.6
USEW Cambria US EW ETF 0.2 30 45 4.0 -6.2
RVRB Reverb ETF 0.2 30 45 3.6 -6.6
GWX SPDR S&P International Small Cap ETF 0.2 40 35 5.9 -4.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 3.5 -6.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 8.1 -2.2
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 3.3 -6.9
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 3.7 -6.6
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 65 4.8 -5.4
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.3 -6.0
IWF iShares Russell 1000 Growth ETF 0.2 19 56 14.7 +4.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 68 4.3 -6.0
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.4 -3.8
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 60 4.0 -6.2
ILCV iShares Morningstar Value ETF 0.1 4 71 5.1 -5.1
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 4.9 -5.3
KLMN Invesco MSCI North America Climate ETF 0.1 9 66 4.2 -6.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 72 4.0 -6.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 68 4.0 -6.2
AVUS Avantis U.S. Equity ETF 0.1 15 60 4.6 -5.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 5.9 -4.4
VOTE TCW Transform 500 ETF 0.1 5 70 4.0 -6.2
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 75 12.2 +1.9
PBUS Invesco MSCI USA ETF 0.1 4 71 4.1 -6.1
GXLC Global X U.S. 500 ETF 0.1 2 73 4.0 -6.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 73 4.1 -6.2
IUS Invesco RAFI Strategic US ETF 0.1 19 56 5.3 -4.9
ILCG iShares Morningstar Growth ETF 0.1 4 71 3.1 -7.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.3 -3.9
DFIS Dimensional International Small Cap ETF 0.1 39 36 6.0 -4.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 64 4.0 -6.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 6.7 -3.5
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 57 0.0 -10.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 45 5.9 -4.3
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.2 -6.1
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 5.8 -4.5
URTH iShares MSCI World ETF 0.1 24 51 4.2 -6.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 60 4.7 -5.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 66 4.3 -6.0
IWL iShares Russell Top 200 ETF 0.1 15 60 3.8 -6.4
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 25 6.1 -4.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.0 -5.2
STXK Strive Small-Cap ETF 0.1 18 57 4.9 -5.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 50 4.7 -5.5
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.1 -6.1
IWB iShares Russell 1000 ETF 0.1 15 60 4.0 -6.2
ENHU iShares Enhanced Large Cap Core Active ETF 0.1 22 53 4.0 -6.2
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.0 -6.2
IWV iShares Russell 3000 ETF 0.1 20 55 3.9 -6.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 60 4.7 -5.5
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.5 -3.8
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 52 2.9 -7.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.4 -4.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 5.9 -4.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.1 -4.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 71 16.4 +6.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 5.9 -4.3
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 4.6 -5.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.6 -3.6
LRGF iShares U.S. Equity Factor ETF 0.0 8 67 4.5 -5.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 63 8.4 -1.8
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.0 20 55 8.3 -1.9
SMMD iShares Russell 2500 ETF 0.0 15 60 5.2 -5.0
DEW WisdomTree Global High Dividend Fund 0.0 58 17 6.9 -3.3
WSML iShares MSCI World Small-Cap ETF 0.0 15 60 5.2 -5.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 6.8 -3.4
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 33 3.4 -6.8
IWR iShares Russell Midcap ETF 0.0 19 56 5.1 -5.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 5.8 -4.4
AVDE Avantis International Equity ETF 0.0 23 52 6.0 -4.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.2 -4.0
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 62 1.7 -8.5
VYM Vanguard High Dividend Yield Index ETF 0.0 6 69 5.9 -4.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.8 -4.4
MNZL Manzil Russell Halal USA Broad MarketETF 0.0 40 35 3.8 -6.5
DISV Dimensional International Small Cap Value ETF 0.0 42 33 7.9 -2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 3.6 -6.6
EBI Longview Advantage ETF 0.0 35 40 5.7 -4.5

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 10.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.52
 
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.