Global X Gold Explorers ETF
ALTAR
Score™		 2.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 20.7x P/Sales
ratio		 4.4x
P/BV
ratio		 3.4x 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) $110
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 52
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 %
COEUR D'ALENE MINES CORP 4.4 %
EQUINOX GOLD CORP. 4.1 %
DPM METALS INC 3.9 %
ALAMOS GOLD INC. 3.8 %
OCEANAGOLD CORP 3.7 %
ELDORADO GOLD CORP 3.6 %
LUNDIN GOLD INC. 3.6 %
SSR MINING INC 3.4 %
G MINING VENTURE CORP 2.9 %
Total 38.5 %

TOP COUNTRY EXPOSURE
CANADA 58.6 %
AUSTRALIA 21.9 %
UNITED STATES 11.5 %
INDONESIA 3.4 %
SOUTH AFRICA 2.3 %
BRITAIN 1.4 %
CHINA 0.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 85.3% 19.9% 15.7% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 12%
MSCI EAFE 1.59 24%
MSCI Emg. Mkts. 1.24 25%

Technical Indicators
Recent close $70.42
30d moving avg. $81.69
Annualized volatility 35.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.6%
Bid/Ask (% of price) 0.90%
ADV underlying (mns) $230

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 324 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 34.2 52 13 3.2 +0.8
RING iShares MSCI Global Gold Miners ETF 24.6 39 26 3.8 +1.3
SGDM Sprott Gold Miners ETF 24.5 50 15 3.1 +0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 23.5 60 5 2.4 -0.0
SLVP iShares MSCI Global Silver Miners ETF 20.0 39 26 4.4 +2.0
SGDJ Sprott Junior Gold Miners ETF 18.0 50 15 2.4 -0.0
SILJ ETFMG Prime Junior Silver Miners ETF 16.8 69 -4 0.5 -1.9
AUAU Global X Gold Miners ETF 15.7 35 30 2.8 +0.3
SIL Global X Silver Miners ETF 14.8 65 0 1.9 -0.5
GDX VanEck Gold Miners ETF 14.7 51 14 3.2 +0.7
AGMI Themes Silver Miners ETF 11.1 35 30 4.3 +1.8
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 8.3 60 5 4.1 +1.6
JIVE JPMorgan International Value ETF 7.9 55 10 8.4 +5.9
HYP Golden Eagle Dynamic Hypergrowth ETF 7.7 85 -20 -0.8 -3.2
CGV Conductor Global Equity Value ETF 7.5 130 -65 7.7 +5.2
ABLD Abacus FCF Real Assets Leaders ETF 7.1 69 -4 6.7 +4.3
XME State Street SPDR S&P Metals & Mining ETF 6.7 35 30 5.0 +2.6
PSCM Invesco S&P SmallCap Materials ETF 5.2 29 36 9.6 +7.1
AVDV Avantis International Small Cap Value ETF 5.2 36 29 7.7 +5.3
ARGT Global X MSCI Argentina ETF 4.8 59 6 3.3 +0.8
NANR SPDR S&P North American Natural Resources ETF 4.7 35 30 6.4 +4.0
RVER Trenchless Fund ETF 4.4 65 0 0.6 -1.9
AVDS Avantis International Small Cap Equity ETF 4.2 30 35 6.0 +3.6
FTRI First Trust Indxx Global Natural Resources Income ETF 4.1 70 -5 6.7 +4.3
CCNR ALPS CoreCommodity Natural Resources ETF 3.9 39 26 8.1 +5.7
AFK VanEck Africa Index ETF 3.7 98 -33 11.2 +8.8
AZTD Aztlan Global Stock Selection DM SMID ETF 3.6 75 -10 4.1 +1.7
IDX VanEck Indonesia Index ETF 3.4 57 8 11.0 +8.6
EIDO iShares MSCI Indonesia ETF 3.4 59 6 12.0 +9.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.9 8 57 6.3 +3.9
DFIS Dimensional International Small Cap ETF 2.6 39 26 6.1 +3.7
VIDI Vident International Equity Strategy ETF 2.4 61 4 8.1 +5.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.4 80 -15 3.6 +1.1
GWX SPDR S&P International Small Cap ETF 2.2 40 25 5.9 +3.5
SCHC Schwab International Small-Cap Equity ETF 2.1 11 54 6.7 +4.2
AKAF The Frontier Economic Fund 2.1 20 45 5.2 +2.7
VAW Vanguard Materials ETF 2.0 9 56 5.1 +2.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 2.0 79 -14 4.1 +1.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 26 1.1 -1.4
COLO Global X MSCI Colombia ETF 1.9 62 3 16.2 +13.8
FMAT Fidelity MSCI Materials Index ETF 1.9 8 57 5.1 +2.6
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 16 7.7 +5.3
VFLO VictoryShares Free Cash Flow ETF 1.8 39 26 7.2 +4.7
SMRI Bushido Capital US Equity ETF 1.8 71 -6 7.4 +4.9
ARB AltShares Merger Arbitrage ETF 1.7 77 -12 2.6 +0.2
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 42 7.3 +4.8
DBSC Deepwater Beachfront Small Cap ETF 1.7 85 -20 1.1 -1.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 1.6 30 35 3.7 +1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 1.6 30 35 2.6 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.6 49 16 6.1 +3.7
EWUS iShares MSCI United Kingdom Small Cap ETF 1.5 59 6 7.4 +4.9
PSC Principal U.S. Small-Cap ETF 1.4 38 27 3.7 +1.2
DXIV Dimensional International Vector Equity ETF 1.4 34 31 6.6 +4.1
OAIM OneAscent International Equity ETF 1.4 95 -30 4.7 +2.2
EPU iShares MSCI Peru and Global Exposure ETF 1.4 59 6 4.8 +2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.4 90 -25 3.7 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.4 39 26 7.0 +4.6
EWZS iShares MSCI Brazil Small-Cap ETF 1.3 59 6 11.8 +9.4
SCZ iShares MSCI EAFE Small-Cap ETF 1.3 40 25 6.1 +3.7
WSML iShares MSCI World Small-Cap ETF 1.3 15 50 5.3 +2.9
AVDE Avantis International Equity ETF 1.2 23 42 6.2 +3.8
GVLU Gotham 1000 Value ETF 1.2 50 15 8.3 +5.8
FESM Fidelity Enhanced Small Cap ETF 1.2 28 37 2.3 -0.2
LST Leuthold Select Industries ETF 1.2 91 -26 4.7 +2.3
DISV Dimensional International Small Cap Value ETF 1.2 42 23 8.1 +5.7
ASCE Allspring SMID Core ETF 1.2 38 27 2.9 +0.5
IWN iShares Russell 2000 Value ETF 1.1 24 41 4.8 +2.3
VTWV Vanguard Russell 2000 Value ETF 1.1 10 55 5.0 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -15 9.0 +6.5
FLCA Franklin FTSE Canada ETF 1.1 9 56 5.5 +3.0
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 6 10.2 +7.7
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 26 6.8 +4.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 1.0 15 50 5.1 +2.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -15 6.7 +4.2
BRAZ Global X Brazil Active ETF 1.0 75 -10 10.8 +8.4
IGE iShares North American Natural Resources ETF 1.0 41 24 5.7 +3.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.0 60 5 6.6 +4.2
RSSL Global X Russell 2000 ETF 1.0 8 57 2.7 +0.2
IWM iShares Russell 2000 ETF 1.0 19 46 2.6 +0.2
AVIV Avantis International Large Cap Value ETF 0.9 25 40 7.0 +4.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.9 39 26 3.5 +1.1
DFIC Dimensional International Core Equity 2 ETF 0.9 23 42 6.3 +3.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.9 35 30 6.6 +4.1
VTWO Vanguard Russell 2000 ETF 0.9 7 58 2.8 +0.3
COPX Global X Copper Miners ETF 0.8 65 0 4.3 +1.8
DFSI Dimensional International Sustainability Core 1 ETF 0.8 24 41 5.7 +3.2
IWO iShares Russell 2000 Growth ETF 0.8 24 41 0.5 -2.0
DFE WisdomTree Europe SmallCap Dividend Fund 0.8 58 7 7.6 +5.1
EWC iShares MSCI Canada ETF 0.8 50 15 5.1 +2.7
QINT American Century Quality Diversified International ETF 0.8 39 26 6.6 +4.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.7 29 36 6.4 +4.0
AFSM First Trust Active Factor Small Cap ETF 0.7 75 -10 5.8 +3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 20 -0.9 -3.4
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 7 5.9 +3.4
NIKL Sprott Nickel Miners ETF 0.7 75 -10 9.1 +6.6
FTC First Trust Large Cap Growth AlphaDEX Fund 0.7 59 6 1.8 -0.7
SCHA Schwab U.S. Small-Cap ETF 0.7 4 61 4.4 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 35 6.4 +4.0
VTWG Vanguard Russell 2000 Growth ETF 0.7 10 55 0.6 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 26 6.2 +3.8
IJK iShares S&P Mid-Cap 400 Growth ETF 0.7 17 48 4.0 +1.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.7 10 55 4.1 +1.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.7 15 50 4.1 +1.6
VBK Vanguard Small-Cap Growth ETF 0.6 7 58 1.2 -1.2
NUSC Nuveen ESG Small-Cap ETF 0.6 31 34 4.9 +2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 26 2.3 -0.2
VFMO Vanguard U.S. Momentum Factor ETF 0.6 13 52 1.7 -0.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -15 9.3 +6.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 61 5.6 +3.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -14 7.5 +5.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 58 5.3 +2.8
STXM Strive Mid-Cap ETF 0.6 18 47 5.8 +3.4
EZM WisdomTree U.S. MidCap Fund 0.6 38 27 8.0 +5.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.5 80 -15 6.9 +4.4
HAP VanEck Natural Resources ETF 0.5 50 15 6.8 +4.3
FLAU Franklin FTSE Australia ETF 0.5 9 56 6.0 +3.5
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 61 6.0 +3.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -5 2.1 -0.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.5 64 1 1.3 -1.2
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 7 7.5 +5.0
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 59 7.8 +5.3
FPXI First Trust International Equity Opportunities ETF 0.5 70 -5 3.7 +1.2
AVIE Avantis  Inflation Focused Equity ETF 0.5 25 40 6.0 +3.6
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 0 7.0 +4.5
ISCB iShares Morningstar Small-Cap ETF 0.5 4 61 5.4 +3.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 59 2.7 +0.3
VEA Vanguard FTSE Developed Markets ETF 0.5 3 62 6.0 +3.5
VSGX Vanguard ESG International Stock ETF 0.5 10 55 6.6 +4.1
AVSD Avantis Responsible International Equity ETF 0.5 23 42 6.0 +3.5
IPAC iShares Core MSCI Pacific ETF 0.4 9 56 5.5 +3.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 45 4.0 +1.6
DFAI Dimensional International Core Equity Market ETF 0.4 18 47 6.1 +3.6
SMOX Horizon Small/Mid Cap Core Equity ETF 0.4 75 -10 5.3 +2.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -5 6.5 +4.0
BFOR ALPS Barron's 400 ETF 0.4 65 0 5.0 +2.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 5 -0.9 -3.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.4 60 5 5.9 +3.4
SETM Sprott Energy Transition Materials ETF 0.4 65 0 1.7 -0.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 50 4.9 +2.5
SMMD iShares Russell 2500 ETF 0.4 15 50 5.5 +3.1
IQDF FlexShares International Quality Dividend Index Fund 0.4 47 18 7.6 +5.1
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 23 6.7 +4.3
GMET VanEck Green Metals ETF 0.4 63 2 0.5 -1.9
VXF Vanguard Extended Market ETF 0.4 5 60 3.7 +1.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 53 5.9 +3.5
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 58 6.6 +4.1
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 61 5.8 +3.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -7 2.2 -0.3
DFAS Dimensional U.S. Small Cap ETF 0.4 26 39 5.6 +3.1
VXUS Vanguard Total International Stock ETF 0.4 5 60 6.7 +4.2
MDY SPDR S&P Midcap 400 ETF Trust 0.4 23 42 5.9 +3.4
IJH iShares Core S&P Mid-Cap ETF 0.3 5 60 6.1 +3.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 19 7.8 +5.3
FDEV Fidelity International Multifactor ETF 0.3 18 47 7.3 +4.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 40 6.2 +3.8
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 62 6.1 +3.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 7 58 6.0 +3.6
VPL Vanguard FTSE Pacific ETF 0.3 7 58 5.3 +2.8
DIHP Dimensional International High Profitability ETF 0.3 29 36 5.8 +3.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 62 5.8 +3.4
FDMO Fidelity Momentum Factor ETF 0.3 15 50 2.5 0.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.3 59 6 4.9 +2.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 23 7.6 +5.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.3 45 20 9.7 +7.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.3 12 53 5.3 +2.9
VB Vanguard Small-Cap ETF 0.3 5 60 5.2 +2.8
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -5 2.2 -0.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 18 7.7 +5.3
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.3 52 13 4.9 +2.5
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 33 6.6 +4.2
INTF iShares International Equity Factor ETF 0.2 15 50 6.5 +4.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 41 5.9 +3.5
PIEL Pacer International Export Leaders ETF 0.2 60 5 4.1 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 35 4.7 +2.2
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 46 5.4 +2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 23 4.1 +1.6
AVMC Avantis U.S. Mid Cap Equity ETF 0.2 18 47 6.0 +3.5
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 50 6.5 +4.0
ULVM VictoryShares US Value Momentum ETF 0.2 20 45 6.1 +3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 7 8.4 +6.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 5 6.2 +3.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 48 4.9 +2.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 40 6.1 +3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 56 4.9 +2.4
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 13 6.6 +4.2
SIZE iShares MSCI USA Size Factor ETF 0.2 15 50 5.4 +3.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 26 8.0 +5.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 58 6.1 +3.6
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 56 5.5 +3.0
ISMD Inspire Small/Mid Cap ETF 0.2 54 11 5.0 +2.6
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 23 5.4 +3.0
FIDI Fidelity International High Dividend ETF 0.2 18 47 7.3 +4.8
GLOF iShares Global Equity Factor ETF 0.2 20 45 5.6 +3.1
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 27 8.2 +5.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 56 5.2 +2.7
DWM WisdomTree International Equity Fund 0.2 48 17 5.7 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 2 10.3 +7.8
VT Vanguard Total World Stock ETF 0.2 6 59 5.0 +2.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 40 5.5 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.2 33 32 6.1 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 25 5.7 +3.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.2 40 25 3.7 +1.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 40 10.4 +7.9
DIM WisdomTree International MidCap Dividend Fund 0.1 58 7 6.4 +3.9
USMF WisdomTree U.S. Multifactor Fund 0.1 28 37 6.5 +4.1
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 21 7.5 +5.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 4.7 +2.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 61 5.2 +2.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 6.9 +4.5
DXUV Dimensional US Vector Equity ETF 0.1 28 37 5.2 +2.8
STXK Strive Small-Cap ETF 0.1 18 47 5.2 +2.8
WSGE Warren Street Global Equity ETF 0.1 80 -15 2.9 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 61 6.7 +4.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 30 5.3 +2.9
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 25 5.3 +2.8
PTL Inspire 500 ETF 0.1 9 56 4.4 +2.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.1 25 40 7.7 +5.3
TPIF Timothy Plan International ETF 0.1 62 3 5.6 +3.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 33 3.9 +1.5
SCHF Schwab International Equity ETF 0.1 6 59 6.0 +3.5
PEXL Pacer US Export Leaders ETF 0.1 60 5 3.0 +0.6
DFUV Dimensional US Marketwide Value ETF 0.1 22 43 6.1 +3.6
CIL VictoryShares International Volatility Wtd ETF 0.1 45 20 5.8 +3.4
FRDM Freedom 100 Emerging Markets ETF 0.1 49 16 5.3 +2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 6.5 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 50 5.7 +3.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 48 4.7 +2.2
BKIE BNY Mellon International Equity ETF 0.1 4 61 6.0 +3.6
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -10 8.2 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 33 7.4 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 47 6.4 +3.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 26 7.4 +5.0
GLBL Pacer MSCI World Industry Advantage ETF 0.1 65 0 3.4 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 36 6.6 +4.1
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 42 5.4 +2.9
USXF iShares ESG Advanced MSCI USA ETF 0.1 10 55 3.8 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 31 6.4 +3.9
DCOR Dimensional US Core Equity 1 ETF 0.1 14 51 4.6 +2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 54 7.9 +5.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.6 +5.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 50 8.0 +5.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 32 7.0 +4.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 45 5.7 +3.2
VFMF Vanguard U.S. Multifactor ETF 0.1 18 47 6.6 +4.1
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -25 3.1 +0.6
DFIV Dimensional International Value ETF 0.1 27 38 7.8 +5.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 30 6.3 +3.9
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 37 8.6 +6.2
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 47 4.6 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 27 7.0 +4.6
AVUS Avantis U.S. Equity ETF 0.1 15 50 4.7 +2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 16 7.5 +5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 24 6.0 +3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 4.4 +2.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 56 4.1 +1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 40 8.8 +6.4
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 56 8.2 +5.7
TOK iShares MSCI Kokusai ETF 0.1 26 39 4.3 +1.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 23 4.0 +1.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.1 42 23 5.8 +3.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 40 4.9 +2.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 58 9.2 +6.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 56 4.4 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 6 8.6 +6.1
AVES Avantis Emerging Markets Value ETF 0.1 36 29 8.9 +6.5
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 30 7.0 +4.5
URTH iShares MSCI World ETF 0.0 24 41 4.3 +1.9
DFUS Dimensional U.S. Equity ETF 0.0 9 56 4.1 +1.6
IQLT iShares MSCI Intl Quality Factor ETF 0.0 30 35 5.5 +3.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 24 4.8 +2.4
IWV iShares Russell 3000 ETF 0.0 20 45 4.0 +1.5
DFEV Dimensional Emerging Markets Value ETF 0.0 43 22 9.4 +7.0
SCHK Schwab 1000 Index ETF 0.0 5 60 4.2 +1.8
ACWI iShares MSCI ACWI ETF 0.0 32 33 4.6 +2.2
VTHR Vanguard Russell 3000 ETF 0.0 7 58 4.1 +1.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 62 4.2 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 62 4.1 +1.7
IEUR iShares Core MSCI Europe ETF 0.0 11 54 6.4 +3.9
VGK Vanguard FTSE Europe ETF 0.0 6 59 6.6 +4.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 54 4.1 +1.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 2.9 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 7 5.4 +2.9
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 58 9.5 +7.0
STXG Strive 1000 Growth ETF 0.0 18 47 3.2 +0.7
VEXC Vanguard Emerging Markets Ex-China ETF 0.0 7 58 5.7 +3.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 53 4.3 +1.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 12 5.1 +2.6
IGRO iShares International Dividend Growth ETF 0.0 15 50 6.8 +4.3
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 35 6.5 +4.1
SPEU SPDR Portfolio Europe ETF 0.0 7 58 6.5 +4.0
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 61 3.1 +0.6
VTI Vanguard Total Stock Market ETF 0.0 3 62 4.1 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 56 4.3 +1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 36 5.6 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 50 8.8 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 20 8.1 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 32 6.7 +4.3
LRGF iShares U.S. Equity Factor ETF 0.0 8 57 4.6 +2.1
SCHE Schwab Emerging Markets Equity ETF 0.0 11 54 9.5 +7.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 16 7.5 +5.1
EBI Longview Advantage ETF 0.0 35 30 5.9 +3.5
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 47 0.0 -2.5
JHML John Hancock Multifactor Large Cap ETF 0.0 29 36 4.5 +2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -1 7.2 +4.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 46 7.1 +4.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 15 8.1 +5.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 20 6.8 +4.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 40 5.1 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 16 8.6 +6.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -5 6.9 +4.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 24 6.9 +4.4
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 62 4.3 +1.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.0 69 -4 7.4 +5.0
EEM iShares MSCI Emerging Markets ETF 0.0 69 -4 7.8 +5.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 40 6.1 +3.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.0 30 35 8.0 +5.6
VYM Vanguard High Dividend Yield Index ETF 0.0 6 59 6.0 +3.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 35 5.2 +2.8
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 37 5.7 +3.2
QUS State Street SPDR MSCI USA StrategicFactors ETF 0.0 15 50 5.0 +2.6
DFSV Dimensional US Small Cap Value ETF 0.0 31 34 8.8 +6.4
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 53 3.6 +1.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 53 6.2 +3.7
AVUQ Avantis U.S. Quality ETF 0.0 15 50 3.6 +1.1

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.