Global X Brazil Active ETF
ALTAR
Score™		 11.9% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 2.8%


  • 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) $8
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) $31,294
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
NU HOLDINGS LTD. CLASS A 13.1 %
PETROLEO BRASILEIRO S.A.-ADR 11.2 %
ITAU UNIBANCO HLDNG-PREF ADR 11.0 %
VALE SA-SP ADR 6.5 %
BANCO BRADESCO-ADR 5.9 %
ITAUSA-INVESTIMENTOS ITAU-PR 4.8 %
CENTRAIS ELEC BRAS-SP ADR CM 4.8 %
BANCO BTG PACTUAL SA UNITS CONS OF 4.4 %
WEG SA 4.2 %
CIA PARANAENSE ENER-SP ADR P 3.5 %
Total 69.2 %

TOP COUNTRY EXPOSURE
BRAZIL 78.6 %
CAYMAN ISLANDS 13.1 %
CANADA 4.5 %
LUXEMBOURG 1.8 %
ARGENTINA 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
48.4% 37.0% -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 0.56 9%
MSCI EAFE 0.58 12%
MSCI Emg. Mkts. 0.63 11%

Technical Indicators
Recent close $27.71
30d moving avg. $27.49
Annualized volatility 22.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $1,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 348 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™: 11.9%


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
(%)
ILF iShares Latin America 40 ETF 41.2 48 27 11.9 +0.1
EWZ iShares MSCI Brazil ETF 31.8 58 17 13.1 +1.2
OTGL OTG Latin America ETF 19.3 269 -194 8.5 -3.4
FLBR Franklin FTSE Brazil ETF 17.4 19 56 14.6 +2.7
FLN First Trust Latin America AlphaDEX Fund 10.9 80 -5 11.8 -0.1
FLLA Franklin FTSE Latin America ETF 10.6 19 56 12.8 +1.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 9.2 86 -11 0.5 -11.4
EMC Global X Emerging Markets Great Consumer ETF 6.7 75 0 8.6 -3.3
EMIF iShares Emerging Markets Infrastructure ETF 6.6 60 15 3.3 -8.6
EV Mast Global Battery Recycling & Production ETF 6.5 65 10 7.6 -4.3
SLX VanEck Steel ETF 6.5 56 19 13.7 +1.8
LOUP Innovator Deepwater Frontier Tech ETF 6.4 70 5 1.0 -10.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.8 86 -11 14.3 +2.4
AOTG AOT Growth and Innovation ETF 5.7 75 0 2.0 -9.9
FTHF First Trust Emerging Markets Human Flourishing ETF 5.5 75 0 9.1 -2.8
NDIV Amplify Natural Resources Dividend Income ETF 5.0 59 16 14.5 +2.6
JADE JPMorgan Active Developing Markets Equity ETF 4.7 65 10 7.7 -4.2
MEM Matthews Emerging Markets Equity Active ETF 4.5 79 -4 7.3 -4.6
BRF VanEck Brazil Small-Cap ETF 4.4 66 9 11.9 -0.0
CGXU Capital Group International Focus Equity ETF 4.3 54 21 5.3 -6.6
ICOP iShares Copper and Metals Mining ETF 4.1 47 28 7.4 -4.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.1 60 15 10.8 -1.1
BLOK Amplify Transformational Data Sharing ETF 4.0 75 0 0.5 -11.4
BPAY BlackRock Future Financial and Technology ETF 4.0 70 5 6.1 -5.8
TIIV AAM Todd International Intrinsic Value ETF 3.9 54 21 11.1 -0.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 3.8 33 42 7.9 -3.9
BITQ Bitwise Crypto Industry Innovators ETF 3.8 85 -10 -2.0 -13.9
SMOG VanEck Low Carbon Energy ETF 3.5 61 14 1.5 -10.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.4 60 15 7.9 -4.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.2 33 42 9.4 -2.5
EWZS iShares MSCI Brazil Small-Cap ETF 3.2 59 16 12.0 +0.2
FRDM Freedom 100 Emerging Markets ETF 3.2 49 26 7.3 -4.6
GNR SPDR S&P Global Natural Resources ETF 3.2 40 35 10.3 -1.6
SDIV Global X Superdividend ETF 3.0 58 17 16.7 +4.8
HAP VanEck Natural Resources ETF 2.9 50 25 8.8 -3.1
ARKF ARK Fintech Innovation ETF 2.9 75 0 0.2 -11.7
BKF iShares MSCI BIC ETF 2.8 69 6 13.1 +1.2
MID American Century Mid Cap Growth Impact ETF 2.8 45 30 3.5 -8.4
SPEM SPDR Portfolio Emerging Markets ETF 2.7 7 68 10.4 -1.5
SPYA Twin Oak Endure ETF 2.7 80 -5 -0.5 -12.3
ABLD Abacus FCF Real Assets Leaders ETF 2.6 69 6 7.0 -4.9
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.5 45 30 1.5 -10.4
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 -5 11.4 -0.4
AVEM Avantis Emerging Markets Equity ETF 2.4 33 42 8.1 -3.8
COPJ Sprott Junior Copper Miners ETF 2.4 75 0 -0.2 -12.1
COPA Themes Copper Miners ETF 2.4 35 40 4.4 -7.5
XC WisdomTree Emerging Markets Ex-China Fund 2.4 32 43 5.7 -6.2
AVES Avantis Emerging Markets Value ETF 2.3 36 39 10.5 -1.4
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 59 7.9 -4.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.2 30 45 8.4 -3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 43 8.5 -3.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.1 53 22 7.2 -4.7
GDX VanEck Gold Miners ETF 2.1 51 24 3.6 -8.3
SIL Global X Silver Miners ETF 2.1 65 10 2.2 -9.7
FDFF Fidelity Disruptive Finance ETF 2.1 50 25 4.7 -7.2
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 50 6.9 -5.0
ICLN iShares Global Clean Energy ETF 2.0 41 34 3.1 -8.8
MXI iShares Global Materials ETF 1.8 41 34 7.2 -4.7
FXL First Trust Technology AlphaDEX Fund 1.8 61 14 5.6 -6.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.8 75 0 10.0 -1.9
AADR AdvisorShares Dorsey Wright ADR ETF 1.8 110 -35 4.9 -7.0
FXO First Trust Financials AlphaDEX Fund 1.7 62 13 8.2 -3.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 39 7.2 -4.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 60 7.2 -4.7
FMET Fidelity Metaverse ETF 1.7 39 36 4.7 -7.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.6 68 7 6.4 -5.5
DINT Davis Select International ETF 1.6 55 20 7.7 -4.2
IGE iShares North American Natural Resources ETF 1.6 41 34 7.4 -4.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.6 32 43 6.3 -5.6
COPX Global X Copper Miners ETF 1.6 65 10 5.5 -6.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.5 67 8 14.6 +2.7
AVSE Avantis Responsible Emerging Markets Equity ETF 1.5 33 42 7.8 -4.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.5 24 51 7.3 -4.6
XCEM Columbia EM Core ex-China ETF 1.5 16 59 7.6 -4.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.4 30 45 9.6 -2.3
APIE ActivePassive International Equity ETF 1.4 45 30 7.1 -4.8
EYLD Cambria Emerging Shareholder Yield ETF 1.4 66 9 11.6 -0.3
EEM iShares MSCI Emerging Markets ETF 1.4 69 6 9.5 -2.4
JIG JPMorgan International Growth ETF 1.4 55 20 4.7 -7.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.4 20 55 3.0 -8.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.4 58 17 4.4 -7.5
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 27 6.9 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 64 9.2 -2.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.3 15 60 7.4 -4.4
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 17 7.2 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 31 11.2 -0.6
TTAI FCF International Quality ETF 1.3 59 16 7.4 -4.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 9 9.0 -2.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -15 5.1 -6.8
DFEV Dimensional Emerging Markets Value ETF 1.3 43 32 11.7 -0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.3 36 39 9.1 -2.8
GINN Goldman Sachs Innovate Equity ETF 1.3 52 23 3.6 -8.3
GPT Intelligent Alpha Atlas ETF 1.3 69 6 5.8 -6.1
SFYF SoFi Social 50 ETF 1.3 29 46 1.0 -10.9
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 40 8.6 -3.3
ESGE iShares ESG Aware MSCI EM ETF 1.2 25 50 9.7 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 66 9.8 -2.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 34 8.1 -3.8
STXE Strive Emerging Markets Ex-China ETF 1.2 32 43 7.4 -4.5
CVY Invesco Zacks Multi-Asset Income ETF 1.2 106 -31 11.7 -0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 26 14.9 +3.0
TRFM AAM Transformers ETF 1.1 49 26 1.2 -10.7
FFND Future Fund Active ETF 1.1 100 -25 3.8 -8.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -20 11.7 -0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 37 8.6 -3.3
IXG iShares Global Financials ETF 1.1 42 33 6.5 -5.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 55 27,699.8 +27,687.9
VRAI Virtus Real Asset Income ETF 1.0 55 20 10.1 -1.8
JOET Virtus Terranova US Quality Momentum ETF 1.0 29 46 4.9 -7.0
LDEM iShares ESG MSCI EM Leaders ETF 1.0 17 58 12.8 +0.9
FEOE First Eagle Overseas Equity ETF 1.0 79 -4 6.8 -5.1
KOCG FIS Knights of Columbus Global Belief ETF 1.0 75 0 4.9 -7.0
BUYZ Franklin Disruptive Commerce ETF 1.0 50 25 2.5 -9.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 1.0 8 67 4.4 -7.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 0 2.9 -9.0
GVIP Goldman Sachs Hedge Industry VIP ETF 1.0 45 30 3.2 -8.7
ISHP First Trust Nasdaq Retail ETF 1.0 60 15 5.6 -6.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.0 60 15 10.7 -1.2
NULC Nuveen ESG Large-Cap ETF 1.0 21 54 4.7 -7.2
NULG Nuveen ESG Large-Cap Growth ETF 1.0 26 49 3.4 -8.5
ONLN ProShares Online Retail ETF 1.0 58 17 2.4 -9.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 40 4.1 -7.8
HAPI Harbor Human Capital Factor US Large Cap ETF 1.0 36 39 4.9 -7.0
CGIE Capital Group International Equity ETF 1.0 54 21 4.9 -7.0
FFOG Franklin Focused Growth ETF 1.0 61 14 2.5 -9.4
PNQI Invesco NASDAQ Internet ETF 1.0 60 15 3.6 -8.2
ARKW ARK Next Generation Internet ETF 1.0 87 -12 0.8 -11.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.0 48 27 2.2 -9.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.0 60 15 5.0 -6.9
ARGT Global X MSCI Argentina ETF 1.0 59 16 3.5 -8.4
EBIZ Global X E-Commerce ETF 1.0 50 25 4.1 -7.8
GXPD Global X PureCap MSCI Consumer Discretionary ETF 1.0 25 50 3.9 -8.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 55 4.7 -7.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 1.0 40 35 3.7 -8.2
TMFG Motley Fool Global Opportunities ETF 1.0 85 -10 4.0 -7.9
CLOD Themes Cloud Computing ETF 1.0 35 40 3.4 -8.5
QQQG Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF 1.0 49 26 4.1 -7.8
TOGA Tremblant Global ETF 1.0 69 6 1.7 -10.2
USRD Themes US R&D Champions ETF 1.0 29 46 4.6 -7.3
LGCF Themes US Cash Flow Champions ETF 1.0 30 45 8.1 -3.8
BCOR Grayscale Bitcoin Adopters ETF 1.0 59 16 2.4 -9.5
LOGO Alpha Brands Consumption Leaders ETF 1.0 69 6 3.1 -8.8
CDIG City Different Investments Global Equity ETF 1.0 75 0 0.6 -11.3
ITOL Tema International Durable Quality ETF 1.0 60 15 5.7 -6.2
VCR Vanguard Consumer Discretionary ETF 1.0 9 66 4.7 -7.2
CGGO Capital Group Global Growth Equity ETF 1.0 47 28 4.4 -7.5
WWJD Inspire International ETF 1.0 80 -5 7.1 -4.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 46 8.8 -3.1
IYF iShares U.S. Financials ETF 0.9 40 35 6.0 -5.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 36 15.5 +3.6
VWO Vanguard FTSE Emerging Markets ETF 0.9 7 68 10.2 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 30 9.6 -2.3
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 34 6.4 -5.5
SCHE Schwab Emerging Markets Equity ETF 0.8 11 64 10.6 -1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.8 58 17 4.4 -7.5
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.8 85 -10 6.2 -5.7
IXC iShares Global Energy ETF 0.8 44 31 9.9 -2.0
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 45 7.3 -4.6
RODE Hartford Multifactor Diversified International ETF 0.8 29 46 10.3 -1.6
BINV Brandes International ETF 0.8 70 5 9.3 -2.6
FITE State Street SPDR S&P Kensho Future Security ETF 0.8 45 30 1.7 -10.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 0.8 45 30 1.6 -10.3
JETS U.S. Global Jets ETF 0.8 60 15 2.7 -9.2
FFOX FundX Future Fund Opportunities ETF 0.8 100 -25 3.4 -8.5
PCGG Polen Capital Global Growth ETF 0.8 85 -10 4.2 -7.7
POW VistaShares Electrification Supercycle ETF 0.7 75 0 3.4 -8.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 60 9.5 -2.4
GVAL Cambria Global Value ETF 0.7 68 7 10.5 -1.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 26 9.4 -2.5
ECON Columbia Emerging Markets Consumer ETF 0.7 49 26 11.5 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 0.7 25 50 12.2 +0.3
YNOT Horizon Digital Frontier ETF 0.7 75 0 3.1 -8.8
FEGE First Eagle Global Equity ETF 0.7 79 -4 6.5 -5.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 30 10.0 -1.9
LRGF iShares U.S. Equity Factor ETF 0.7 8 67 5.4 -6.4
QQMG Invesco ESG NASDAQ 100 ETF 0.7 20 55 4.2 -7.7
VERS ProShares Metaverse ETF 0.6 58 17 0.1 -11.7
IBUY Amplify Online Retail ETF 0.6 65 10 1.7 -10.2
RGEF Rockefeller Global Equity ETF 0.6 55 20 4.6 -7.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 31 10.3 -1.6
QQQ Invesco QQQ Trust Series I 0.6 20 55 4.1 -7.8
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 4.2 -7.7
VIDI Vident International Equity Strategy ETF 0.6 61 14 10.3 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 25 10.2 -1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 50 10.8 -1.1
CGDG Capital Group Dividend Growers ETF 0.5 47 28 6.0 -5.9
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 26 3.6 -8.3
BLES Inspire Global Hope ETF 0.5 61 14 6.8 -5.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -5 14.2 +2.3
SHE State Street SPDR MSCI USA Gender Diversity ETF 0.5 20 55 5.3 -6.6
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.5 18 57 5.7 -6.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 16 8.4 -3.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.5 30 45 6.8 -5.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 33 6.5 -5.3
EGUS iShares ESG Aware MSCI USA Growth ETF 0.5 18 57 3.7 -8.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.5 9 66 4.8 -7.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 41 7.3 -4.6
AVSU Avantis Responsible U.S. Equity ETF 0.4 15 60 5.8 -6.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.4 10 65 5.2 -6.7
SUSA iShares MSCI USA ESG Select ETF 0.4 25 50 4.6 -7.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.4 10 65 5.0 -6.9
JGRO JPMorgan Active Growth ETF 0.4 44 31 3.5 -8.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 50 6.3 -5.6
USXF iShares ESG Advanced MSCI USA ETF 0.4 10 65 4.7 -7.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 54 3.7 -8.2
EMM Global X Emerging Markets ex-China ETF 0.4 75 0 6.8 -5.1
IGRO iShares International Dividend Growth ETF 0.4 15 60 6.9 -5.0
USMV iShares MSCI USA Min Vol Factor ETF 0.4 15 60 5.7 -6.2
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -20 -0.4 -12.3
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -14 4.8 -7.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 12 12.7 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 57 7.3 -4.6
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 68 7.5 -4.4
AVUS Avantis U.S. Equity ETF 0.4 15 60 5.7 -6.2
GLOF iShares Global Equity Factor ETF 0.4 20 55 6.6 -5.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 45 7.4 -4.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 66 5.5 -6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 34 7.1 -4.8
XITK State Street SPDR FactSet Innovative Technology ETF 0.4 45 30 0.9 -11.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 71 7.6 -4.3
VYMI Vanguard International High Dividend Yield ETF 0.3 17 58 9.0 -2.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 40 12.5 +0.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 1.2 -10.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 36 8.3 -3.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 37 4.5 -7.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 68 5.1 -6.8
ILCG iShares Morningstar Growth ETF 0.3 4 71 3.7 -8.2
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 65 5.6 -6.3
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 65 4.9 -7.0
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 50 5.2 -6.7
ESGV Vanguard ESG U.S. Stock ETF 0.3 9 66 4.7 -7.1
SETM Sprott Energy Transition Materials ETF 0.3 65 10 2.0 -9.9
WRND IQ Global Equity R&D Leaders ETF 0.3 18 57 7.5 -4.4
IGF iShares Global Infrastructure ETF 0.3 41 34 4.6 -7.3
GII SPDR S&P Global Infrastructure ETF 0.3 40 35 4.6 -7.3
ACWI iShares MSCI ACWI ETF 0.3 32 43 5.3 -6.6
PABU iShares Paris-Aligned Climate MSCI USA ETF 0.3 10 65 4.1 -7.8
OPTZ Optimize Strategy Index ETF 0.3 50 25 4.8 -7.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 63 4.9 -7.0
VT Vanguard Total World Stock ETF 0.2 6 69 5.7 -6.2
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 67 4.9 -7.0
VOTE TCW Transform 500 ETF 0.2 5 70 4.9 -7.0
EXI iShares Global Industrials ETF 0.2 42 33 4.4 -7.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 73 4.9 -7.0
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 75 4.9 -7.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 68 4.8 -7.1
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.2 12 63 4.6 -7.3
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 60 4.8 -7.1
VXUS Vanguard Total International Stock ETF 0.2 5 70 7.6 -4.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 64 4.9 -7.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 55 5.3 -6.6
VSGX Vanguard ESG International Stock ETF 0.2 10 65 7.5 -4.4
NZUS State Street SPDR MSCI USA Climate Paris Aligned ETF 0.2 10 65 4.2 -7.7
RVRB Reverb ETF 0.2 30 45 4.5 -7.4
IWY iShares Russell Top 200 Growth ETF 0.2 20 55 4.2 -7.7
GEW Cambria Global EW ETF 0.2 29 46 5.9 -6.0
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 72 4.8 -7.1
GLBL Pacer MSCI World Industry Advantage ETF 0.2 65 10 4.1 -7.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 36 10.6 -1.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 60 4.6 -7.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 51 6.1 -5.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 46 7.5 -4.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 66 6.3 -5.6
VONG Vanguard Russell 1000 Growth ETF 0.2 7 68 4.4 -7.4
GWX SPDR S&P International Small Cap ETF 0.2 40 35 6.5 -5.4
IWF iShares Russell 1000 Growth ETF 0.2 19 56 4.1 -7.8
KLMN Invesco MSCI North America Climate ETF 0.2 9 66 5.0 -6.9
SIZE iShares MSCI USA Size Factor ETF 0.2 15 60 6.2 -5.6
XDAT Franklin Exponential Data ETF 0.2 50 25 2.4 -9.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 66 5.1 -6.8
PBUS Invesco MSCI USA ETF 0.2 4 71 4.8 -7.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 50 5.3 -6.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 55 5.7 -6.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 10 7.8 -4.0
GXLC Global X U.S. 500 ETF 0.2 2 73 4.8 -7.1
STXK Strive Small-Cap ETF 0.1 18 57 6.0 -5.9
IUS Invesco RAFI Strategic US ETF 0.1 19 56 6.8 -5.1
INRO iShares U.S. Industry Rotation Active ETF 0.1 42 33 4.6 -7.3
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.1 15 60 5.7 -6.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 36 3.0 -8.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 17 9.5 -2.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 62 2.9 -8.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.1 15 60 6.0 -5.9
DFAI Dimensional International Core Equity Market ETF 0.1 18 57 6.7 -5.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 55 7.1 -4.8
TOK iShares MSCI Kokusai ETF 0.1 26 49 4.9 -7.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 33 9.3 -2.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 5 7.5 -4.4
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 0 8.4 -3.5
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 7.9 -4.0
URTH iShares MSCI World ETF 0.1 24 51 4.9 -7.0
IWL iShares Russell Top 200 ETF 0.1 15 60 4.5 -7.4
DAK Dakota Active Equity ETF 0.1 43 32 4.4 -7.5
VONE Vanguard Russell 1000 ETF 0.1 7 68 4.9 -7.0
IWB iShares Russell 1000 ETF 0.1 15 60 4.8 -7.1
VTHR Vanguard Russell 3000 ETF 0.1 7 68 4.8 -7.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.2 -6.6
EPS WisdomTree U.S. LargeCap Fund 0.1 8 67 5.7 -6.2
IWV iShares Russell 3000 ETF 0.1 20 55 4.7 -7.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 7.1 -4.8
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 45 5.7 -6.2
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 55 6.8 -5.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 4.9 -6.9
VFMF Vanguard U.S. Multifactor ETF 0.1 18 57 7.7 -4.2
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 14 5.1 -6.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 71 5.9 -6.0
DEW WisdomTree Global High Dividend Fund 0.1 58 17 8.2 -3.7
SFYX SoFi Next 500 ETF 0.1 0 75 5.8 -6.0
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -15 3.8 -8.1
FBCG Fidelity Blue Chip Growth ETF 0.1 59 16 2.8 -9.1
DXIV Dimensional International Vector Equity ETF 0.1 34 41 7.4 -4.5
DFAS Dimensional U.S. Small Cap ETF 0.1 26 49 6.6 -5.3
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 60 7.7 -4.2
DFIS Dimensional International Small Cap ETF 0.1 39 36 7.0 -4.9
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 7.1 -4.8
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 63 7.7 -4.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 50 7.6 -4.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 6.8 -5.1
SMMD iShares Russell 2500 ETF 0.0 15 60 6.7 -5.2
AVDS Avantis International Small Cap Equity ETF 0.0 30 45 6.6 -5.3
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 33 6.3 -5.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 61 4.8 -7.1
IWS iShares Russell Mid-Cap Value ETF 0.0 23 52 7.1 -4.8
DXUV Dimensional US Vector Equity ETF 0.0 28 47 6.0 -5.9
IWR iShares Russell Midcap ETF 0.0 19 56 6.2 -5.7
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 7.0 -4.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 36 5.7 -6.2
IYW iShares U.S. Technology ETF 0.0 40 35 3.9 -8.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.7 -5.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.5 -4.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 5.3 -6.6
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 52 3.3 -8.6
IWD iShares Russell 1000 Value ETF 0.0 19 56 6.4 -5.5
STXG Strive 1000 Growth ETF 0.0 18 57 3.8 -8.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 6.5 -5.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 5.0 -6.9
DFSV Dimensional US Small Cap Value ETF 0.0 31 44 10.3 -1.6
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 47 10.0 -1.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.7 -5.2
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.8 -7.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 7.2 -4.7
STXV Strive 1000 Value ETF 0.0 18 57 8.1 -3.7
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 6.8 -5.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.4 -6.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 45 4.4 -7.5
AVDV Avantis International Small Cap Value ETF 0.0 36 39 8.6 -3.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 6.5 -5.4
EBI Longview Advantage ETF 0.0 35 40 6.7 -5.2

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 16.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 11.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.54
 
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.