Global X Gold Explorers ETF
ALTAR
Score™		 1.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 25.5x P/Sales
ratio		 5.4x
P/BV
ratio		 4.2x 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) $138
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 50
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 5.8 %
ALAMOS GOLD INC. 4.4 %
OCEANAGOLD CORP 4.2 %
DPM METALS INC 4.1 %
EQUINOX GOLD CORP. 4.0 %
NEW GOLD INC 4.0 %
ELDORADO GOLD CORP 4.0 %
LUNDIN GOLD INC. 3.3 %
COEUR D'ALENE MINES CORP 3.2 %
SSR MINING INC 3.0 %
Total 39.9 %

TOP COUNTRY EXPOSURE
CANADA 50.3 %
AUSTRALIA 17.7 %
UNITED STATES 13.3 %
INDONESIA 4.2 %
SOUTH AFRICA 2.5 %
CHINA 1.1 %
BRITAIN 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
34.2% 239.9% 31.6% 23.2% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.46 4%
MSCI EAFE 1.08 14%
MSCI Emg. Mkts. 1.02 15%

Technical Indicators
Recent close $86.68
30d moving avg. $90.71
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 43
Turnover 2.7%
Bid/Ask (% of price) 0.82%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 295 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™: 1.8%


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 27.5 52 13 2.5 +0.7
SGDJ Sprott Junior Gold Miners ETF 26.3 50 15 2.0 +0.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 24.8 60 5 1.9 +0.1
RING iShares MSCI Global Gold Miners ETF 22.5 39 26 3.0 +1.3
SGDM Sprott Gold Miners ETF 20.3 50 15 2.5 +0.7
SLVP iShares MSCI Global Silver Miners ETF 18.2 39 26 3.6 +1.9
SILJ ETFMG Prime Junior Silver Miners ETF 17.7 69 -4 0.3 -1.5
AUAU Global X Gold Miners ETF 14.3 35 30 2.2 +0.5
GDX VanEck Gold Miners ETF 13.3 51 14 2.5 +0.7
SIL Global X Silver Miners ETF 11.0 65 0 1.5 -0.3
CGV Conductor Global Equity Value ETF 9.0 130 -65 7.7 +5.9
AGMI Themes Silver Miners ETF 9.0 35 30 3.7 +1.9
HYP Golden Eagle Dynamic Hypergrowth ETF 8.9 85 -20 -0.8 -2.6
XME State Street SPDR S&P Metals & Mining ETF 8.2 35 30 5.3 +3.5
ABLD Abacus FCF Real Assets Leaders ETF 7.8 69 -4 6.3 +4.5
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 7.3 60 5 4.1 +2.4
JIVE JPMorgan International Value ETF 7.3 55 10 8.7 +6.9
FFTY Innovator IBD 50 ETF 6.4 80 -15 0.0 -1.7
PSCM Invesco S&P SmallCap Materials ETF 5.8 29 36 9.8 +8.0
AVDV Avantis International Small Cap Value ETF 5.5 36 29 8.0 +6.2
IMOM Alpha Architect International Quantitative Momentum ETF 5.4 49 16 4.4 +2.6
ARGT Global X MSCI Argentina ETF 4.6 59 6 3.2 +1.4
FTRI First Trust Indxx Global Natural Resources Income ETF 4.2 70 -5 6.1 +4.3
IDX VanEck Indonesia Index ETF 4.1 57 8 7.9 +6.1
EIDO iShares MSCI Indonesia ETF 4.1 59 6 8.5 +6.7
NANR SPDR S&P North American Natural Resources ETF 3.9 35 30 6.0 +4.2
AZTD Aztlan Global Stock Selection DM SMID ETF 3.9 75 -10 4.4 +2.7
AVDS Avantis International Small Cap Equity ETF 3.9 30 35 6.2 +4.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.3 80 -15 3.7 +1.9
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 26 8.0 +6.2
VIDI Vident International Equity Strategy ETF 3.2 61 4 8.7 +7.0
SGRT SMART Earnings Growth 30 ETF 3.2 59 6 2.9 +1.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 3.0 8 57 6.5 +4.8
SCHC Schwab International Small-Cap Equity ETF 2.9 11 54 6.8 +5.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.7 80 -15 7.1 +5.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.7 80 -15 9.3 +7.5
AFK VanEck Africa Index ETF 2.7 98 -33 11.1 +9.3
DFIS Dimensional International Small Cap ETF 2.7 39 26 6.3 +4.5
GPT Intelligent Alpha Atlas ETF 2.6 69 -4 6.5 +4.7
AKAF The Frontier Economic Fund 2.4 20 45 5.2 +3.5
DBSC Deepwater Beachfront Small Cap ETF 2.1 85 -20 1.3 -0.5
GWX SPDR S&P International Small Cap ETF 2.0 40 25 6.1 +4.3
ISCF iShares International SmallCap Equity Factor ETF 2.0 23 42 7.4 +5.6
FESM Fidelity Enhanced Small Cap ETF 1.9 28 37 2.6 +0.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.8 39 26 1.2 -0.6
VAW Vanguard Materials ETF 1.7 9 56 5.0 +3.2
FMAT Fidelity MSCI Materials Index ETF 1.7 8 57 5.0 +3.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.7 90 -25 4.4 +2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 16 6.2 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.6 30 35 4.1 +2.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -15 11.9 +10.1
DISV Dimensional International Small Cap Value ETF 1.5 42 23 8.4 +6.6
LST Leuthold Select Industries ETF 1.5 91 -26 5.3 +3.5
OAIM OneAscent International Equity ETF 1.5 95 -30 4.9 +3.1
COLO Global X MSCI Colombia ETF 1.5 62 3 15.9 +14.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.4 70 -5 2.3 +0.5
WSML iShares MSCI World Small-Cap ETF 1.4 15 50 5.7 +3.9
EWUS iShares MSCI United Kingdom Small Cap ETF 1.4 59 6 7.6 +5.8
RNIN Bushido Capital US SMID Cap Equity ETF 1.4 70 -5 11.1 +9.3
DXIV Dimensional International Vector Equity ETF 1.3 34 31 6.7 +5.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.3 39 26 7.2 +5.4
SCZ iShares MSCI EAFE Small-Cap ETF 1.3 40 25 6.4 +4.6
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 26 7.0 +5.2
COPX Global X Copper Miners ETF 1.2 65 0 4.5 +2.7
AVDE Avantis International Equity ETF 1.2 23 42 6.4 +4.6
FDEV Fidelity International Multifactor ETF 1.2 18 47 7.1 +5.4
IWN iShares Russell 2000 Value ETF 1.1 24 41 5.2 +3.4
VTWV Vanguard Russell 2000 Value ETF 1.1 10 55 5.3 +3.6
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 6 10.3 +8.5
AFSM First Trust Active Factor Small Cap ETF 1.0 75 -10 6.4 +4.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.0 29 36 6.8 +5.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 50 5.4 +3.6
PSC Principal U.S. Small-Cap ETF 1.0 38 27 4.0 +2.3
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 7 5.5 +3.7
NIKL Sprott Nickel Miners ETF 1.0 75 -10 7.5 +5.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -15 9.2 +7.4
RSSL Global X Russell 2000 ETF 1.0 8 57 3.0 +1.2
IWM iShares Russell 2000 ETF 1.0 19 46 2.9 +1.1
AVIV Avantis International Large Cap Value ETF 1.0 25 40 7.1 +5.3
EWC iShares MSCI Canada ETF 1.0 50 15 5.3 +3.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.9 35 30 6.5 +4.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -15 8.0 +6.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 3.8 +2.0
FLCA Franklin FTSE Canada ETF 0.9 9 56 5.7 +3.9
VTWO Vanguard Russell 2000 ETF 0.9 7 58 3.1 +1.3
IWO iShares Russell 2000 Growth ETF 0.8 24 41 0.6 -1.2
IGE iShares North American Natural Resources ETF 0.8 41 24 5.4 +3.6
DFIC Dimensional International Core Equity 2 ETF 0.8 23 42 6.4 +4.6
VBK Vanguard Small-Cap Growth ETF 0.8 7 58 1.4 -0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 0.8 17 48 4.3 +2.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.8 15 50 4.4 +2.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.8 10 55 4.4 +2.6
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 41 5.8 +4.0
BFOR ALPS Barron's 400 ETF 0.8 65 0 5.2 +3.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 20 -0.9 -2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 35 6.7 +4.9
NUSC Nuveen ESG Small-Cap ETF 0.7 31 34 5.3 +3.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.7 49 16 8.5 +6.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.7 58 7 7.7 +5.9
JSML Janus Henderson Small Cap Growth Alpha ETF 0.7 30 35 3.1 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 26 6.3 +4.5
SCHA Schwab U.S. Small-Cap ETF 0.7 4 61 4.8 +3.0
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 55 0.7 -1.1
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 0 7.5 +5.7
SETM Sprott Energy Transition Materials ETF 0.6 65 0 1.6 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 61 5.9 +4.1
STXM Strive Mid-Cap ETF 0.6 18 47 5.7 +3.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 5 6.6 +4.8
CARZ First Trust NASDAQ Global Auto Index Fund 0.6 70 -5 3.1 +1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 2.5 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 0.6 32 33 6.4 +4.6
GMET VanEck Green Metals ETF 0.6 63 2 5.7 +4.0
AVIE Avantis  Inflation Focused Equity ETF 0.6 25 40 6.1 +4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.6 4 61 6.2 +4.4
SMOX Horizon Small/Mid Cap Core Equity ETF 0.5 75 -10 5.6 +3.8
QINT American Century Quality Diversified International ETF 0.5 39 26 6.8 +5.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 58 5.7 +3.9
EPU iShares MSCI Peru and Global Exposure ETF 0.5 59 6 4.5 +2.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.5 60 5 6.0 +4.2
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 23 6.4 +4.6
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.6 +5.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 48 5.3 +3.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 59 2.9 +1.2
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 23 7.0 +5.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.5 42 23 8.1 +6.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 19 7.2 +5.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -14 7.1 +5.4
ISCB iShares Morningstar Small-Cap ETF 0.4 4 61 5.7 +4.0
VSGX Vanguard ESG International Stock ETF 0.4 10 55 7.1 +5.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 1 1.4 -0.3
MDY SPDR S&P Midcap 400 ETF Trust 0.4 23 42 6.2 +4.5
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 5.9 +4.2
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -2.7
ISCV iShares Morningstar Small Cap Value ETF 0.4 6 59 8.2 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.4 3 62 6.3 +4.5
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 5.7 +3.9
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 58 6.9 +5.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 4.4 +2.7
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 52 1.9 +0.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -7 2.2 +0.4
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.2 +4.4
HAP VanEck Natural Resources ETF 0.4 50 15 6.5 +4.7
IJH iShares Core S&P Mid-Cap ETF 0.4 5 60 6.4 +4.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 62 6.5 +4.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 7 58 6.4 +4.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.4 45 20 9.8 +8.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 40 6.3 +4.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.4 12 53 5.5 +3.7
VXF Vanguard Extended Market ETF 0.3 5 60 4.1 +2.3
VB Vanguard Small-Cap ETF 0.3 5 60 5.6 +3.8
VXUS Vanguard Total International Stock ETF 0.3 5 60 7.0 +5.2
EZM WisdomTree U.S. MidCap Fund 0.3 38 27 8.5 +6.7
VPL Vanguard FTSE Pacific ETF 0.3 7 58 5.8 +4.0
DIHP Dimensional International High Profitability ETF 0.3 29 36 5.9 +4.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 8.2 +6.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.3 30 35 4.9 +3.1
ISMD Inspire Small/Mid Cap ETF 0.3 54 11 5.7 +3.9
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 21 8.4 +6.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 8.5 +6.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 40 6.6 +4.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -5 6.8 +5.0
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 13 6.9 +5.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 50 5.3 +3.6
PIEL Pacer International Export Leaders ETF 0.3 60 5 4.6 +2.8
BBCA JPMorgan BetaBuilders Canada ETF 0.3 19 46 5.6 +3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 23 4.3 +2.5
AVMV Avantis U.S. Mid Cap Value ETF 0.3 20 45 7.5 +5.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 6.2 +4.4
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 61 6.3 +4.5
UIVM VictoryShares International Value Momentum ETF 0.3 35 30 8.4 +6.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 7 8.8 +7.0
AVSD Avantis Responsible International Equity ETF 0.3 23 42 6.2 +4.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 41 6.4 +4.6
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 25 4.2 +2.5
INTF iShares International Equity Factor ETF 0.2 15 50 6.6 +4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 5.2 +3.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 7.0 +5.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.2 25 40 8.3 +6.5
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 42 5.7 +3.9
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -10 8.0 +6.2
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 27 8.4 +6.6
FRDM Freedom 100 Emerging Markets ETF 0.2 49 16 6.4 +4.6
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.3 +4.5
TPIF Timothy Plan International ETF 0.2 62 3 5.6 +3.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 25 5.8 +4.0
DIM WisdomTree International MidCap Dividend Fund 0.2 58 7 6.4 +4.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 2 11.1 +9.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 45 5.1 +3.4
GLOF iShares Global Equity Factor ETF 0.2 20 45 6.0 +4.2
DWM WisdomTree International Equity Fund 0.2 48 17 5.8 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 50 6.2 +4.4
DXUV Dimensional US Vector Equity ETF 0.2 28 37 5.6 +3.8
VT Vanguard Total World Stock ETF 0.2 6 59 5.4 +3.6
FDMO Fidelity Momentum Factor ETF 0.2 15 50 2.7 +1.0
PEXL Pacer US Export Leaders ETF 0.1 60 5 3.6 +1.8
PTL Inspire 500 ETF 0.1 9 56 4.8 +3.0
CIL VictoryShares International Volatility Wtd ETF 0.1 45 20 5.8 +4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 8.3 +6.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -23 8.8 +7.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 7.0 +5.2
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -25 3.5 +1.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 6.6 +4.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 5.0 +3.3
FRGN Horizon International Equity ETF 0.1 75 -10 8.6 +6.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 45 5.7 +4.0
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 23 5.7 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 8.9 +7.1
BKIE BNY Mellon International Equity ETF 0.1 4 61 6.2 +4.4
WSGE Warren Street Global Equity ETF 0.1 80 -15 3.1 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 7.7 +5.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 10.0 +8.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.7 +5.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 6.7 +5.0
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 4.9 +3.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 24 5.5 +3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.8 +3.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 22 10.6 +8.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 8.1 +6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 8.2 +6.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 7.8 +6.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 7.1 +5.3
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 3.9 +2.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 9.1 +7.3
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 30 7.7 +5.9
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 9.7 +7.9
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 5.0 +3.2
SCHF Schwab International Equity ETF 0.1 6 59 6.3 +4.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 8.8 +7.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 8.5 +6.7
AVUS Avantis U.S. Equity ETF 0.1 15 50 5.1 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 24 6.4 +4.6
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 9.0 +7.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 12 5.9 +4.1
IGRO iShares International Dividend Growth ETF 0.1 15 50 6.9 +5.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 23 5.9 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 9.3 +7.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 58 10.0 +8.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 7.0 +5.2
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 35 5.6 +3.8
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 47 6.1 +4.3
VFVA Vanguard U.S. Value Factor ETF 0.1 13 52 9.9 +8.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 40 5.3 +3.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 56 4.6 +2.8
STXG Strive 1000 Growth ETF 0.0 18 47 3.6 +1.8
IEUR iShares Core MSCI Europe ETF 0.0 11 54 6.6 +4.8
IWV iShares Russell 3000 ETF 0.0 20 45 4.4 +2.6
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.5 +2.7
SCHK Schwab 1000 Index ETF 0.0 5 60 4.6 +2.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.8 +5.0
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.4 +2.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.6 +2.8
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 3.9 +2.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.7 +2.9
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 61 3.5 +1.7
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.8 +5.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 54 4.5 +2.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.5 +2.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 7 5.5 +3.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 8.0 +6.3
GVLU Gotham 1000 Value ETF 0.0 50 15 8.4 +6.6
SPEU SPDR Portfolio Europe ETF 0.0 7 58 6.7 +4.9
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.5 +2.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 8.7 +6.9
TOK iShares MSCI Kokusai ETF 0.0 26 39 4.6 +2.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.9 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 7.9 +6.2
URTH iShares MSCI World ETF 0.0 24 41 4.7 +2.9
VEXC Vanguard Emerging Markets Ex-China ETF 0.0 7 58 6.3 +4.5
ACWI iShares MSCI ACWI ETF 0.0 32 33 5.1 +3.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 23 4.5 +2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 32 7.5 +5.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 56 4.7 +3.0
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 9.5 +7.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 7.5 +5.8
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 8.8 +7.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 9.0 +7.2
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 47 0.0 -1.8
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 10.0 +8.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.6 +4.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 4.7 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 6.0 +4.2
AVUQ Avantis U.S. Quality ETF 0.0 15 50 3.9 +2.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 16 8.3 +6.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 15 9.1 +7.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 8.1 +6.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 7.1 +5.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.3 +3.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 5.9 +4.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 47 6.3 +4.5
JHML John Hancock Multifactor Large Cap ETF 0.0 29 36 4.8 +3.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.3 +1.5
AVES Avantis Emerging Markets Value ETF 0.0 36 29 9.5 +7.7
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 9.3 +7.5
DFIV Dimensional International Value ETF 0.0 27 38 7.9 +6.2
EBI Longview Advantage ETF 0.0 35 30 6.3 +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 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 4.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 1.8 %
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.