Global X Gold Explorers ETF
ALTAR
Score™		 2.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 23.6x P/Sales
ratio		 4.9x
P/BV
ratio		 3.8x Div.
yield		 0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Gold Explorers ETF seeks to track the performance of the Solactive Global Gold Explorers Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Nov 03, 2010
Assets (mns) $122
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $7,306
Large cap (>$10bn) 5.1%
Mid cap ($2-10bn) 45.4%
Small cap (<$2bn) 49.5%
Developed mkts 90.4%
Emerging mkts 9.6%

TOP TEN HOLDINGS
HECLA MINING CO 6.0 %
EQUINOX GOLD CORP. 4.5 %
ALAMOS GOLD INC. 4.1 %
LUNDIN GOLD INC. 4.0 %
ELDORADO GOLD CORP 4.0 %
DUNDEE PRECIOUS METALS INC 3.9 %
OCEANAGOLD CORP 3.7 %
NEW GOLD INC 3.7 %
BUMI RESOURCES MINERALS TBK 3.4 %
PERSEUS MINING LTD 3.1 %
Total 40.3 %

TOP COUNTRY EXPOSURE
CANADA 58.9 %
AUSTRALIA 21.6 %
UNITED STATES 9.4 %
INDONESIA 5.0 %
SOUTH AFRICA 2.3 %
BRITAIN 2.1 %
CHINA 0.8 %




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.
164.1% 146.1% 21.3% 21.9% 0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.70 6%
MSCI EAFE 0.55 4%
MSCI Emg. Mkts. 0.76 8%

Technical Indicators
Recent close $75.63
30d moving avg. $69.69
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 16
Turnover 1.0%
Bid/Ask (% of price) 0.86%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 243 potential alternatives to the Global X Gold Explorers ETF ETF based on the alternatives' overlap in portfolio holdings with GOEX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GOEX Expense: 65 bp ALTAR Score™: 2.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GOEX
Ticker Fund
Name		 Overlap1
vs GOEX
(%)		 Expense
ratio
(bp)		 Savings
vs GOEX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GOEX
(%)
AUMI Themes Gold Miners ETF 45.4 35 30 3.5 +1.1
GDXJ VanEck Junior Gold Miners ETF 30.7 52 13 3.5 +1.1
SGDJ Sprott Junior Gold Miners ETF 27.4 50 15 2.5 +0.1
RING iShares MSCI Global Gold Miners ETF 22.8 39 26 4.0 +1.6
SGDM Sprott Gold Miners ETF 18.8 50 15 2.9 +0.5
SILJ ETFMG Prime Junior Silver Miners ETF 17.2 69 -4 0.6 -1.8
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 17.1 60 5 3.0 +0.6
SLVP iShares MSCI Global Silver Miners ETF 17.0 39 26 4.8 +2.4
GDX VanEck Gold Miners ETF 15.5 51 14 3.6 +1.2
SIL Global X Silver Miners ETF 11.2 65 0 2.2 -0.2
AVDV Avantis International Small Cap Value ETF 9.1 36 29 8.6 +6.2
XME State Street SPDR S&P Metals & Mining ETF 8.9 35 30 6.9 +4.6
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -1.2 -3.6
AGMI Themes Silver Miners ETF 8.4 35 30 4.2 +1.8
CGV Conductor Global Equity Value ETF 7.8 130 -65 7.7 +5.3
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.1 60 5 5.4 +3.0
PSCM Invesco S&P SmallCap Materials ETF 6.0 29 36 12.2 +9.9
IDX VanEck Indonesia Index ETF 4.6 57 8 7.0 +4.6
AZTD Aztlan Global Stock Selection DM SMID ETF 4.5 75 -10 6.4 +4.0
FFTY Innovator IBD 50 ETF 4.5 80 -15 -1.9 -4.3
CCNR ALPS CoreCommodity Natural Resources ETF 4.4 39 26 8.3 +5.9
ARGT Global X MSCI Argentina ETF 4.4 59 6 3.5 +1.1
NANR SPDR S&P North American Natural Resources ETF 4.2 35 30 7.9 +5.5
AVDS Avantis International Small Cap Equity ETF 4.0 30 35 6.6 +4.2
IMOM Alpha Architect International Quantitative Momentum ETF 3.9 49 16 4.7 +2.3
OAIM OneAscent International Equity ETF 3.6 95 -30 5.4 +3.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 4.2 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 3.1 70 -5 7.6 +5.2
VIDI Vident International Equity Strategy ETF 3.0 61 4 10.3 +7.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.8 8 57 7.1 +4.7
SGRT SMART Earnings Growth 30 ETF 2.7 59 6 2.3 -0.1
ICPY Tweedy, Browne International Insider Value ETF 2.5 80 -15 11.4 +9.0
SCHC Schwab International Small-Cap Equity ETF 2.5 11 54 7.3 +4.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.5 80 -15 10.6 +8.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.4 39 26 7.5 +5.1
RJMG FT Raymond James Multicap Growth Equity ETF 2.3 85 -20 3.0 +0.6
AKAF The Frontier Economic Fund 2.3 20 45 6.3 +3.9
DFIS Dimensional International Small Cap ETF 2.2 39 26 7.0 +4.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.1 80 -15 8.4 +6.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 26 1.6 -0.8
AFK VanEck Africa Index ETF 1.9 98 -33 14.0 +11.6
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 16 10.0 +7.6
GPT Intelligent Alpha Atlas ETF 1.9 69 -4 5.8 +3.4
COPY Tweedy, Browne Insider + Value ETF 1.8 80 -15 11.6 +9.2
FNDC Schwab Fundamental International Small Co. Index ETF 1.8 39 26 5.7 +3.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 36 7.9 +5.5
GWX SPDR S&P International Small Cap ETF 1.7 40 25 6.5 +4.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 16 6.8 +4.4
DISV Dimensional International Small Cap Value ETF 1.7 42 23 8.9 +6.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.6 70 -5 2.1 -0.3
VAW Vanguard Materials ETF 1.5 9 56 6.5 +4.2
EIDO iShares MSCI Indonesia ETF 1.5 59 6 7.7 +5.3
FYLD Cambria Foreign Shareholder Yield ETF 1.5 59 6 11.1 +8.7
COPA Themes Copper Miners ETF 1.5 35 30 4.4 +2.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -15 14.2 +11.8
LST Leuthold Select Industries ETF 1.4 91 -26 5.7 +3.3
BOUT Innovator IBD Breakout Opportunities ETF 1.3 81 -16 5.2 +2.8
COLO Global X MSCI Colombia ETF 1.3 62 3 19.5 +17.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -15 11.4 +9.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.2 90 -25 5.1 +2.7
IJS iShares S&P Small-Cap 600 Value ETF 1.2 18 47 9.8 +7.4
AVDE Avantis International Equity ETF 1.2 23 42 7.0 +4.7
FMAT Fidelity MSCI Materials Index ETF 1.1 8 57 6.5 +4.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.1 15 50 9.8 +7.4
ISCF iShares International SmallCap Equity Factor ETF 1.1 23 42 8.1 +5.7
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 25 6.8 +4.4
EWUS iShares MSCI United Kingdom Small Cap ETF 1.1 59 6 7.7 +5.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.1 10 55 9.7 +7.3
DXIV Dimensional International Vector Equity ETF 1.0 34 31 7.4 +5.0
STXK Strive Small-Cap ETF 1.0 18 47 6.0 +3.6
IWN iShares Russell 2000 Value ETF 0.9 24 41 6.3 +3.9
ISMD Inspire Small/Mid Cap ETF 0.9 54 11 5.3 +2.9
VTWV Vanguard Russell 2000 Value ETF 0.9 10 55 6.4 +4.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -7 -1.3 -3.7
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 7 7.2 +4.8
NIKL Sprott Nickel Miners ETF 0.9 75 -10 9.0 +6.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 4.9 +2.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -15 9.3 +6.9
EWC iShares MSCI Canada ETF 0.9 50 15 5.8 +3.4
IJR iShares Core S&P Small Cap ETF 0.8 6 59 7.6 +5.2
IWM iShares Russell 2000 ETF 0.8 19 46 3.5 +1.1
RSSL Global X Russell 2000 ETF 0.8 8 57 3.5 +1.1
IGE iShares North American Natural Resources ETF 0.8 41 24 7.4 +5.0
VTWO Vanguard Russell 2000 ETF 0.8 7 58 3.6 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.8 13 52 10.6 +8.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 20 1.7 -0.7
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 62 7.6 +5.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.8 60 5 6.9 +4.5
AVSD Avantis Responsible International Equity ETF 0.8 23 42 5.1 +2.7
COPX Global X Copper Miners ETF 0.8 65 0 5.5 +3.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 58 7.5 +5.1
FTWO Strive FAANG 2.0 ETF 0.7 49 16 4.4 +2.0
IWO iShares Russell 2000 Growth ETF 0.7 24 41 0.8 -1.6
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 55 0.9 -1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -14 7.7 +5.3
DFIC Dimensional International Core Equity 2 ETF 0.7 23 42 7.1 +4.7
FESM Fidelity Enhanced Small Cap ETF 0.6 28 37 3.2 +0.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.6 79 -14 5.7 +3.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 56 3.9 +1.5
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 41 6.1 +3.7
BFOR ALPS Barron's 400 ETF 0.6 65 0 5.9 +3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 3.0 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 7.4 +5.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 61 5.8 +3.4
AVIV Avantis International Large Cap Value ETF 0.6 25 40 8.3 +5.9
SCHA Schwab U.S. Small-Cap ETF 0.6 4 61 5.5 +3.1
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.9 +5.6
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 59 8.4 +6.0
GMET VanEck Green Metals ETF 0.5 63 2 7.1 +4.8
VPL Vanguard FTSE Pacific ETF 0.5 7 58 6.3 +3.9
HAP VanEck Natural Resources ETF 0.5 50 15 8.8 +6.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 1 1.2 -1.2
JIVE JPMorgan International Value ETF 0.5 55 10 10.7 +8.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 -5 4.0 +1.6
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.5 40 25 4.7 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 61 6.7 +4.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 5 7.0 +4.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 47 5.4 +3.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -3.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 55 5.5 +3.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 50 5.4 +3.0
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 6.6 +4.2
VSGX Vanguard ESG International Stock ETF 0.4 10 55 7.5 +5.1
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 6.8 +4.4
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 6.0 +3.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 48 5.9 +3.6
AVIE Avantis  Inflation Focused Equity ETF 0.4 25 40 7.1 +4.7
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 6 6.0 +3.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 23 9.3 +6.9
AFSM First Trust Active Factor Small Cap ETF 0.4 75 -10 7.5 +5.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 26 10.6 +8.2
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.7 +4.3
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.7 +3.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.5 +5.1
EES WisdomTree U.S. SmallCap Fund 0.3 38 27 8.6 +6.2
AFMC First Trust Active Factor Mid Cap ETF 0.3 65 0 8.3 +5.9
VBK Vanguard Small-Cap Growth ETF 0.3 7 58 1.7 -0.7
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 27 9.1 +6.7
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 37 10.0 +7.6
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 7.3 +4.9
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 52 2.9 +0.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 7.6 +5.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 9.5 +7.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 5.2 +2.8
VXUS Vanguard Total International Stock ETF 0.3 5 60 7.6 +5.2
VB Vanguard Small-Cap ETF 0.3 5 60 6.0 +3.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.7 +3.3
VXF Vanguard Extended Market ETF 0.3 5 60 4.4 +2.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 9.0 +6.6
VBR Vanguard Small Cap Value ETF 0.3 7 58 9.0 +6.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.3 58 7 8.0 +5.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 62 6.6 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 26 6.4 +4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -5 7.5 +5.1
INTF iShares International Equity Factor ETF 0.2 15 50 7.3 +4.9
DIHP Dimensional International High Profitability ETF 0.2 29 36 6.6 +4.2
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 61 6.9 +4.5
QINT American Century Quality Diversified International ETF 0.2 39 26 6.8 +4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.5 +3.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 50 5.9 +3.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 7.9 +5.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 45 5.4 +3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 59 2.9 +0.5
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.4 +6.0
GLOF iShares Global Equity Factor ETF 0.2 20 45 6.6 +4.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 7.2 +4.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.7 +4.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 0 7.8 +5.5
DXUV Dimensional US Vector Equity ETF 0.1 28 37 6.0 +3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 5.3 +2.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 58 5.8 +3.4
VT Vanguard Total World Stock ETF 0.1 6 59 5.7 +3.3
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 33 5.7 +3.3
AVUQ Avantis U.S. Quality ETF 0.1 15 50 4.4 +2.0
DFSV Dimensional US Small Cap Value ETF 0.1 31 34 10.3 +7.9
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 7.3 +5.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 8.6 +6.2
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 11.7 +9.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.4 +3.1
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.7 +4.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 7.3 +4.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 9.7 +7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 7.5 +5.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 8.1 +5.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.9 +2.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 8.6 +6.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 10.2 +7.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 7.0 +4.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 7.6 +5.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 9.8 +7.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 6.4 +4.0
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 5.3 +2.9
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 4.1 +1.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 7.2 +4.8
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 6.1 +3.7
DWM WisdomTree International Equity Fund 0.1 48 17 6.9 +4.6
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.2 +2.9
SCHF Schwab International Equity ETF 0.1 6 59 6.8 +4.4
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.4 +8.0
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.7 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 50 7.4 +5.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 9.5 +7.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.4 +6.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 6.9 +4.5
FRDM Freedom 100 Emerging Markets ETF 0.0 49 16 7.3 +4.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 40 5.3 +3.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 33 8.5 +6.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.7 +2.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 7.3 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 8.4 +6.0
IWV iShares Russell 3000 ETF 0.0 20 45 4.7 +2.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.4 +7.0
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.8 +2.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 8.1 +5.7
IEUR iShares Core MSCI Europe ETF 0.0 11 54 7.1 +4.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.9 +2.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 5.0 +2.6
SCHK Schwab 1000 Index ETF 0.0 5 60 4.9 +2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.8 +2.4
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.8 +2.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 3.9 +1.5
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 9.5 +7.1
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.9 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.6 +7.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.4 +6.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.8 +2.4
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.3 +2.9
URTH iShares MSCI World ETF 0.0 24 41 4.9 +2.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 7.2 +4.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.7 +1.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 9.4 +7.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 8.3 +5.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 5.0 +2.6
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 10.6 +8.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.7 +3.3
VGK Vanguard FTSE Europe ETF 0.0 6 59 7.2 +4.8
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 6.3 +3.9
SPEU SPDR Portfolio Europe ETF 0.0 7 58 7.1 +4.7
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 40 10.8 +8.4
DFIV Dimensional International Value ETF 0.0 27 38 8.9 +6.5
EBI Longview Advantage ETF 0.0 35 30 6.7 +4.3
AVES Avantis Emerging Markets Value ETF 0.0 36 29 10.5 +8.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.0 85 -20 6.2 +3.8

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 Gold Explorers ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.58
 
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.