Global X Gold Explorers ETF
ALTAR
Score™		 2.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 21.4x P/Sales
ratio		 4.6x
P/BV
ratio		 3.5x Div.
yield		 0.2%


  • 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) $111
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) $6,562
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 5.2 %
DPM METALS INC 5.0 %
COEUR D'ALENE MINES CORP 4.1 %
ELDORADO GOLD CORP 4.0 %
LUNDIN GOLD INC. 3.5 %
OCEANAGOLD CORP 3.5 %
SSR MINING INC 3.4 %
EQUINOX GOLD CORP. 3.3 %
G MINING VENTURE CORP 3.3 %
ALAMOS GOLD INC. 3.2 %
Total 38.5 %

TOP COUNTRY EXPOSURE
CANADA 58.1 %
AUSTRALIA 23.2 %
UNITED STATES 10.7 %
INDONESIA 4.0 %
SOUTH AFRICA 1.9 %
BRITAIN 1.1 %
CHINA 1.0 %




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.
-14.8% 62.0% 19.0% 9.6% 0.0%

Market Correlations
versus... Beta R-squared
S&P500 1.82 19%
MSCI EAFE 1.90 32%
MSCI Emg. Mkts. 1.17 29%

Technical Indicators
Recent close $72.78
30d moving avg. $70.01
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.94%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 356 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™: 2.5%


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
(%)
GDXJ VanEck Junior Gold Miners ETF 36.5 52 13 3.3 +0.9
SGDM Sprott Gold Miners ETF 27.0 50 15 3.3 +0.8
RING iShares MSCI Global Gold Miners ETF 22.9 39 26 4.0 +1.5
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 20.3 60 5 2.5 +0.0
SILJ ETFMG Prime Junior Silver Miners ETF 17.9 69 -4 0.6 -1.9
SLVP iShares MSCI Global Silver Miners ETF 16.4 39 26 4.6 +2.1
AUAU Global X Gold Miners ETF 16.4 35 30 2.9 +0.5
SGDJ Sprott Junior Gold Miners ETF 16.2 50 15 2.5 0.0
GDX VanEck Gold Miners ETF 15.8 51 14 3.3 +0.9
SIL Global X Silver Miners ETF 14.8 65 0 2.0 -0.4
AGMI Themes Silver Miners ETF 11.2 35 30 4.3 +1.8
JIVE JPMorgan International Value ETF 10.9 55 10 7.9 +5.4
XME State Street SPDR S&P Metals & Mining ETF 8.8 35 30 5.7 +3.2
FXZ First Trust Materials AlphaDEX Fund 7.6 61 4 6.8 +4.4
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 5.6 60 5 4.2 +1.8
AVDV Avantis International Small Cap Value ETF 5.1 36 29 7.7 +5.3
CCNR ALPS CoreCommodity Natural Resources ETF 5.0 39 26 8.3 +5.9
CGV Conductor Global Equity Value ETF 4.7 130 -65 7.7 +5.2
ARGT Global X MSCI Argentina ETF 4.5 59 6 3.3 +0.8
IDX VanEck Indonesia Index ETF 4.0 57 8 9.7 +7.3
RVER Trenchless Fund ETF 4.0 65 0 0.6 -1.9
AFK VanEck Africa Index ETF 4.0 98 -33 11.2 +8.8
AVDS Avantis International Small Cap Equity ETF 3.8 30 35 5.9 +3.5
NANR SPDR S&P North American Natural Resources ETF 3.6 35 30 6.4 +4.0
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 3.6 60 5 7.8 +5.4
BUL Pacer US Cash Cows Growth ETF 3.5 60 5 3.3 +0.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 3.3 79 -14 3.9 +1.4
EIDO iShares MSCI Indonesia ETF 3.1 59 6 10.6 +8.2
SETM Sprott Energy Transition Materials ETF 3.1 65 0 1.9 -0.6
IYM iShares U.S. Basic Materials ETF 2.8 40 25 4.5 +2.1
AZTD Aztlan Global Stock Selection DM SMID ETF 2.7 75 -10 4.0 +1.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.6 8 57 6.3 +3.9
DFIS Dimensional International Small Cap ETF 2.3 39 26 6.0 +3.6
VIDI Vident International Equity Strategy ETF 2.3 61 4 8.2 +5.7
GWX SPDR S&P International Small Cap ETF 2.1 40 25 5.9 +3.4
SCHC Schwab International Small-Cap Equity ETF 2.0 11 54 6.6 +4.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 26 1.1 -1.3
ASCE Allspring SMID Core ETF 1.9 38 27 2.8 +0.4
QVAL Alpha Architect US Quantitative Value ETF 1.9 39 26 8.9 +6.4
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 16 7.5 +5.0
FMAT Fidelity MSCI Materials Index ETF 1.8 8 57 5.1 +2.6
SMRI Bushido Capital US Equity ETF 1.8 71 -6 6.9 +4.5
AKAF The Frontier Economic Fund 1.8 20 45 5.2 +2.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.8 70 -5 6.8 +4.3
VFLO VictoryShares Free Cash Flow ETF 1.7 39 26 6.7 +4.2
VAW Vanguard Materials ETF 1.7 9 56 5.1 +2.6
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 10 6.3 +3.8
DBSC Deepwater Beachfront Small Cap ETF 1.7 85 -20 1.2 -1.3
COLO Global X MSCI Colombia ETF 1.7 62 3 14.2 +11.7
ABLD Abacus FCF Real Assets Leaders ETF 1.6 69 -4 6.6 +4.1
XMMO Invesco S&P MidCap Momentum ETF 1.6 34 31 3.5 +1.0
ISCF iShares International SmallCap Equity Factor ETF 1.6 23 42 7.1 +4.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.4 30 35 3.7 +1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.4 10 55 4.1 +1.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 1.4 15 50 4.0 +1.6
IJK iShares S&P Mid-Cap 400 Growth ETF 1.4 17 48 4.0 +1.5
JSML Janus Henderson Small Cap Growth Alpha ETF 1.4 30 35 2.5 +0.1
GVLU Gotham 1000 Value ETF 1.3 50 15 7.8 +5.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 16 5.9 +3.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.3 35 30 4.5 +2.0
DXIV Dimensional International Vector Equity ETF 1.3 34 31 6.5 +4.0
PSC Principal U.S. Small-Cap ETF 1.2 38 27 3.4 +1.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -15 8.8 +6.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.2 39 26 6.8 +4.3
EPU iShares MSCI Peru and Global Exposure ETF 1.2 59 6 4.3 +1.8
SCZ iShares MSCI EAFE Small-Cap ETF 1.1 40 25 6.0 +3.6
AVDE Avantis International Equity ETF 1.1 23 42 6.0 +3.6
DISV Dimensional International Small Cap Value ETF 1.1 42 23 7.9 +5.4
BRAZ Global X Brazil Active ETF 1.1 75 -10 10.2 +7.8
OAIM OneAscent International Equity ETF 1.0 95 -30 4.5 +2.0
FESM Fidelity Enhanced Small Cap ETF 1.0 28 37 2.1 -0.4
LST Leuthold Select Industries ETF 1.0 91 -26 4.6 +2.2
WSML iShares MSCI World Small-Cap ETF 1.0 15 50 5.2 +2.7
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 6 9.9 +7.5
EWUS iShares MSCI United Kingdom Small Cap ETF 1.0 59 6 6.9 +4.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 26 6.6 +4.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -15 6.9 +4.4
COPX Global X Copper Miners ETF 1.0 65 0 4.2 +1.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 50 4.9 +2.4
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 7 6.5 +4.0
NIKL Sprott Nickel Miners ETF 0.9 75 -10 9.0 +6.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.9 60 5 6.5 +4.0
FLCA Franklin FTSE Canada ETF 0.8 9 56 5.4 +2.9
DFIC Dimensional International Core Equity 2 ETF 0.8 23 42 6.1 +3.6
EWC iShares MSCI Canada ETF 0.8 50 15 5.0 +2.5
ARB AltShares Merger Arbitrage ETF 0.8 77 -12 2.7 +0.2
MDY SPDR S&P Midcap 400 ETF Trust 0.8 23 42 5.7 +3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.7 4 61 16.4 +13.9
VBK Vanguard Small-Cap Growth ETF 0.7 7 58 1.2 -1.2
IGE iShares North American Natural Resources ETF 0.7 41 24 5.8 +3.3
IJH iShares Core S&P Mid-Cap ETF 0.7 5 60 5.9 +3.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.7 3 62 5.9 +3.5
IVOO Vanguard S&P Mid-Cap 400 ETF 0.7 7 58 5.9 +3.4
DFSI Dimensional International Sustainability Core 1 ETF 0.7 24 41 5.5 +3.0
QINT American Century Quality Diversified International ETF 0.7 39 26 6.4 +3.9
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 18 7.3 +4.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.6 35 30 6.7 +4.2
AVIV Avantis International Large Cap Value ETF 0.6 25 40 6.7 +4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 18 7.0 +4.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.6 29 36 6.1 +3.6
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.6 25 40 10.2 +7.7
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 7 7.5 +5.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 26 6.1 +3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 35 6.3 +3.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 58 5.1 +2.6
SMOX Horizon Small/Mid Cap Core Equity ETF 0.6 75 -10 5.1 +2.6
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -5 2.4 -0.1
STXM Strive Mid-Cap ETF 0.6 18 47 5.9 +3.5
SCHA Schwab U.S. Small-Cap ETF 0.6 4 61 4.2 +1.7
GMET VanEck Green Metals ETF 0.6 63 2 1.2 -1.3
AVSD Avantis Responsible International Equity ETF 0.5 23 42 5.7 +3.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 0 7.8 +5.4
FLAU Franklin FTSE Australia ETF 0.5 9 56 5.6 +3.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.5 80 -15 7.5 +5.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -15 3.7 +1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -15 9.2 +6.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 26 3.3 +0.9
EZM WisdomTree U.S. MidCap Fund 0.5 38 27 7.6 +5.1
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 52 1.7 -0.8
HAP VanEck Natural Resources ETF 0.5 50 15 6.7 +4.3
AVIE Avantis  Inflation Focused Equity ETF 0.5 25 40 5.9 +3.4
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 61 5.8 +3.4
FPXI First Trust International Equity Opportunities ETF 0.4 70 -5 3.9 +1.4
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 7 7.3 +4.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 50 6.5 +4.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 50 4.7 +2.2
SMMD iShares Russell 2500 ETF 0.4 15 50 5.2 +2.8
AFSM First Trust Active Factor Small Cap ETF 0.4 75 -10 5.3 +2.8
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 5.3 +2.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 3.7 +1.3
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 5.9 +3.4
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 5.8 +3.3
VSGX Vanguard ESG International Stock ETF 0.4 10 55 6.4 +4.0
FTC First Trust Large Cap Growth AlphaDEX Fund 0.4 59 6 1.8 -0.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.4 20 45 5.8 +3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -25 3.6 +1.2
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 50 5.9 +3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 26 2.1 -0.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.3 60 5 5.5 +3.0
BFOR ALPS Barron's 400 ETF 0.3 65 0 20.5 +18.1
EWZ iShares MSCI Brazil ETF 0.3 58 7 10.6 +8.2
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 53 5.7 +3.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 6.4 +4.0
FDEV Fidelity International Multifactor ETF 0.3 18 47 7.0 +4.6
VXF Vanguard Extended Market ETF 0.3 5 60 3.6 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 40 5.9 +3.5
DFAS Dimensional U.S. Small Cap ETF 0.3 26 39 5.2 +2.8
VB Vanguard Small-Cap ETF 0.3 5 60 5.0 +2.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -7 2.5 -0.0
VXUS Vanguard Total International Stock ETF 0.3 5 60 6.5 +4.0
VPL Vanguard FTSE Pacific ETF 0.3 7 58 5.1 +2.7
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 61 5.7 +3.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -5 2.0 -0.4
DIHP Dimensional International High Profitability ETF 0.3 29 36 5.6 +3.1
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 23 6.6 +4.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 5.7 +3.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.1 +2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 1 1.2 -1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 19 7.9 +5.4
FDMO Fidelity Momentum Factor ETF 0.3 15 50 2.4 -0.0
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 13 4.7 +2.3
INTF iShares International Equity Factor ETF 0.2 15 50 6.3 +3.8
IWS iShares Russell Mid-Cap Value ETF 0.2 23 42 5.7 +3.2
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 0 6.7 +4.2
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 59 6.6 +4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.2 45 20 9.4 +7.0
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 33 6.3 +3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 26 8.1 +5.6
SQLV Royce Quant Small-Cap Quality Value ETF 0.2 60 5 7.0 +4.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 6.1 +3.6
IWR iShares Russell Midcap ETF 0.2 19 46 5.1 +2.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 56 5.0 +2.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 47 5.8 +3.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 41 5.7 +3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 53 4.3 +1.9
PIEL Pacer International Export Leaders ETF 0.2 60 5 4.0 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 4.0 +1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 23 7.8 +5.4
ULVM VictoryShares US Value Momentum ETF 0.2 20 45 5.8 +3.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 29 5.9 +3.5
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 46 5.3 +2.8
SIZE iShares MSCI USA Size Factor ETF 0.2 15 50 5.3 +2.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 7 8.5 +6.0
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 50 6.2 +3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 4.7 +2.3
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 23 5.2 +2.8
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 13 6.2 +3.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 56 5.3 +2.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 5.9 +3.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 4.7 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 36 4.9 +2.4
FIDI Fidelity International High Dividend ETF 0.2 18 47 6.9 +4.5
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 59 7.2 +4.8
DWM WisdomTree International Equity Fund 0.2 48 17 5.4 +3.0
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 27 7.8 +5.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 25 5.5 +3.1
ISCB iShares Morningstar Small-Cap ETF 0.1 4 61 5.1 +2.6
GLOF iShares Global Equity Factor ETF 0.1 20 45 5.4 +3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 59 2.6 +0.2
ISMD Inspire Small/Mid Cap ETF 0.1 54 11 4.6 +2.1
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 25 3.4 +1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 5 5.9 +3.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -5 6.6 +4.1
VT Vanguard Total World Stock ETF 0.1 6 59 4.9 +2.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 40 5.8 +3.3
IWO iShares Russell 2000 Growth ETF 0.1 24 41 0.5 -2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 6.8 +4.3
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 2 10.2 +7.7
DIM WisdomTree International MidCap Dividend Fund 0.1 58 7 6.2 +3.7
EQL Alps Equal Sector Weight ETF 0.1 25 40 5.0 +2.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 5.3 +2.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.1 25 40 10.4 +7.9
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 61 5.0 +2.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 55 0.6 -1.9
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 5.4 +2.9
WSGE Warren Street Global Equity ETF 0.1 80 -15 2.8 +0.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 25 5.1 +2.6
AVMV Avantis U.S. Mid Cap Value ETF 0.1 20 45 7.0 +4.6
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 30 5.1 +2.7
PTL Inspire 500 ETF 0.1 9 56 4.3 +1.9
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 7.5 +5.1
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 40 5.0 +2.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 6.8 +4.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 33 3.8 +1.4
RSSL Global X Russell 2000 ETF 0.1 8 57 2.5 +0.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 5.6 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 6.5 +4.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 40 5.4 +3.0
TPIF Timothy Plan International ETF 0.1 62 3 5.4 +3.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.1 25 40 7.2 +4.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 6 4.8 +2.3
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 50 4.3 +1.8
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 7.7 +5.3
DXUV Dimensional US Vector Equity ETF 0.1 28 37 5.0 +2.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 35 4.6 +2.2
DFIV Dimensional International Value ETF 0.1 27 38 7.5 +5.0
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 25 3.8 +1.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 6.7 +4.3
PEXL Pacer US Export Leaders ETF 0.1 60 5 3.0 +0.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 5.8 +3.4
STXK Strive Small-Cap ETF 0.1 18 47 4.9 +2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 7.5 +5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 4.6 +2.1
CIL VictoryShares International Volatility Wtd ETF 0.1 45 20 5.9 +3.4
SCHF Schwab International Equity ETF 0.1 6 59 5.8 +3.3
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 42 2.9 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 6.2 +3.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 4.5 +2.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.1 12 53 3.8 +1.3
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 61 3.0 +0.6
BKIE BNY Mellon International Equity ETF 0.1 4 61 17.4 +14.9
VLUE iShares MSCI USA Value Factor ETF 0.1 15 50 6.1 +3.6
IWD iShares Russell 1000 Value ETF 0.1 19 46 5.0 +2.5
VONV Vanguard Russell 1000 Value ETF 0.1 7 58 5.1 +2.7
IWM iShares Russell 2000 ETF 0.1 19 46 2.5 0.0
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 55 3.7 +1.2
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 3.3 +0.8
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 47 0.0 -2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 7.0 +4.6
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.2 +3.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 8.0 +5.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 24.0 +21.6
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 7.0 +4.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.2 +3.7
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 8.9 +6.4
VTWO Vanguard Russell 2000 ETF 0.1 7 58 2.6 +0.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 4.4 +2.0
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 4.5 +2.0
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.1 +5.6
IGRO iShares International Dividend Growth ETF 0.1 15 50 6.5 +4.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 7 5.1 +2.7
AVUQ Avantis U.S. Quality ETF 0.1 15 50 3.6 +1.1
VEGN US Vegan Climate ETF 0.1 60 5 3.3 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 40 4.7 +2.2
AVUS Avantis U.S. Equity ETF 0.1 15 50 4.6 +2.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 54 4.0 +1.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 9.0 +6.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 56 4.3 +1.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 7.5 +5.0
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.2 +1.7
BKF iShares MSCI BIC ETF 0.0 69 -4 14.4 +11.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.0 +1.6
STXG Strive 1000 Growth ETF 0.0 18 47 3.2 +0.7
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 30 7.0 +4.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 24 4.8 +2.4
ILCV iShares Morningstar Value ETF 0.0 4 61 5.1 +2.6
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 56 8.2 +5.7
DFEV Dimensional Emerging Markets Value ETF 0.0 43 22 9.4 +6.9
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.5 +2.1
URTH iShares MSCI World ETF 0.0 24 41 4.2 +1.7
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.0 +1.6
IWV iShares Russell 3000 ETF 0.0 20 45 3.9 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 5.8 +3.4
IWB iShares Russell 1000 ETF 0.0 15 50 4.0 +1.6
VONE Vanguard Russell 1000 ETF 0.0 7 58 4.1 +1.7
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 9.4 +6.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 23 5.5 +3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.3 +4.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 56 4.2 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 6 8.5 +6.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 26 7.3 +4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 29 7.5 +5.1
IVLU iShares MSCI Intl Value Factor ETF 0.0 30 35 7.8 +5.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.1 +2.6
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 48 12.5 +10.1
SCHK Schwab 1000 Index ETF 0.0 5 60 4.1 +1.7
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 4.2 +1.8
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 23 3.4 +1.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.1 +1.6
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.0 +1.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 12 5.1 +2.7
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.0 +2.5
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.0 15 50 4.9 +2.4
VEXC Vanguard Emerging Markets Ex-China ETF 0.0 7 58 5.6 +3.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.0 +1.6
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.0 +1.6
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.0 20 45 8.3 +5.9
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.6 +4.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -4 7.6 +5.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.5 +5.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.2 +1.7
AVES Avantis Emerging Markets Value ETF 0.0 36 29 9.0 +6.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 23 3.9 +1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 20 8.0 +5.5
PBUS Invesco MSCI USA ETF 0.0 4 61 4.1 +1.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.8 +5.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 7.9 +5.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 2.9 +0.4
IEUR iShares Core MSCI Europe ETF 0.0 11 54 6.2 +3.7
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.3 +3.9
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 9.3 +6.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.3 +3.8
LRGF iShares U.S. Equity Factor ETF 0.0 8 57 4.5 +2.0
SPEU SPDR Portfolio Europe ETF 0.0 7 58 6.3 +3.8
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 62 4.0 +1.5
TOV JLens 500 Jewish Advocacy U.S. ETF 0.0 18 47 3.8 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 7.1 +4.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 5.4 +3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 15 8.2 +5.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 32 6.7 +4.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 36 4.3 +1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 50 8.8 +6.3
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -25 3.0 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.9 +4.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 6.9 +4.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 8.5 +6.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 5.9 +3.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 5.5 +3.0
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 8.3 +5.8
IWF iShares Russell 1000 Growth ETF 0.0 19 46 14.7 +12.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 59 5.9 +3.4
VONG Vanguard Russell 1000 Growth ETF 0.0 7 58 3.7 +1.2
EBI Longview Advantage ETF 0.0 35 30 5.7 +3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 31 5.1 +2.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 53 6.0 +3.5
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 42 5.1 +2.7

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 9.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.