Global X MSCI Norway ETF
ALTAR
Score™		 7.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.4x P/Sales
ratio		 1.5x
P/BV
ratio		 1.9x Div.
yield		 4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Norway 30 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Norway IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Nov 09, 2010
Assets (mns) $156
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 60
Wgt avg mkt cap (mns) $20,402
Large cap (>$10bn) 55.7%
Mid cap ($2-10bn) 30.7%
Small cap (<$2bn) 12.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STATOILHYDRO ASA 11.0 %
DNB BANK ASA 10.9 %
NORSK HYDRO ASA 6.8 %
KONGSBERG GRUPPEN ASA 6.5 %
DET NORSKE OLJESELSKAP ASA 4.9 %
TELENOR ASA 4.4 %
MARINE HARVEST 4.2 %
YARA INTERNATIONAL ASA 3.8 %
STOREBRAND ASA 3.3 %
ORKLA ASA 3.3 %
Total 59.1 %

TOP COUNTRY EXPOSURE
NORWAY 91.1 %
BRITAIN 3.2 %
BERMUDA 3.1 %
FAROE ISLANDS 1.1 %
SINGAPORE 0.8 %
DENMARK 0.6 %





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.
26.7% 38.3% 8.4% 9.8% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 0.45 10%
MSCI EAFE 0.44 16%
MSCI Emg. Mkts. 0.27 10%

Technical Indicators
Recent close $37.06
30d moving avg. $38.37
Annualized volatility 15.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 79
Turnover 1.9%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 217 potential alternatives to the Global X MSCI Norway ETF ETF based on the alternatives' overlap in portfolio holdings with NORW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NORW Expense: 50 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NORW
Ticker Fund
Name		 Overlap1
vs NORW
(%)		 Expense
ratio
(bp)		 Savings
vs NORW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NORW
(%)
JIVE JPMorgan International Value ETF 34.2 55 -5 8.4 +0.8
EFAS Global X MSCI SuperDividend EAFE ETF 9.4 57 -7 7.3 -0.3
MOO VanEck Agribusiness ETF 9.0 53 -3 9.2 +1.6
GLCR GlacierShares Nasdaq Iceland ETF 8.0 95 -45 3.2 -4.5
DFE WisdomTree Europe SmallCap Dividend Fund 7.4 58 -8 7.6 -0.0
VIDI Vident International Equity Strategy ETF 6.6 61 -11 8.1 +0.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.4 70 -20 3.8 -3.8
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 -9 10.2 +2.6
IDOG ALPS International Sector Dividend Dogs ETF 5.8 50 0 9.2 +1.6
CCNR ALPS CoreCommodity Natural Resources ETF 5.7 39 11 8.1 +0.5
VEGI iShares MSCI Agriculture Producers ETF 5.3 39 11 7.7 +0.1
DLS WisdomTree International SmallCap Dividend Fund 5.0 58 -8 7.5 -0.2
IEUS iShares MSCI Europe Small-Cap ETF 5.0 42 8 6.7 -0.9
DTH WisdomTree International High Dividend Fund 4.9 58 -8 7.4 -0.2
FEP First Trust Europe AlphaDEX Fund 4.8 80 -30 6.8 -0.8
OAIM OneAscent International Equity ETF 4.7 95 -45 4.7 -3.0
IDV iShares International Select Dividend ETF 4.6 51 -1 9.1 +1.5
FDD First Trust Stoxx European Select Dividend Index Fund 4.4 58 -8 9.8 +2.1
SDIV Global X Superdividend ETF 4.3 58 -8 13.8 +6.2
FIDI Fidelity International High Dividend ETF 4.3 18 32 7.3 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.2 56 -6 9.8 +2.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 4 7.8 +0.2
IVAL Alpha Architect International Quantitative Value ETF 3.9 49 1 7.7 +0.1
DIM WisdomTree International MidCap Dividend Fund 3.5 58 -8 6.4 -1.2
RCGE RockCreek Global Equality ETF 3.2 95 -45 6.2 -1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.2 65 -15 7.8 +0.2
JHID John Hancock International High Dividend ETF 3.2 46 4 7.9 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 3.2 25 25 6.5 -1.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 3.1 58 -8 7.1 -0.5
DSTX Distillate International Fundamental Stability & Value ETF 3.0 55 -5 6.7 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.0 29 21 7.0 -0.6
DWMF WisdomTree International Multifactor Fund 2.7 38 12 7.0 -0.6
GNR SPDR S&P Global Natural Resources ETF 2.6 40 10 8.6 +1.0
QINT American Century Quality Diversified International ETF 2.6 39 11 6.6 -1.0
GCOW Pacer Global Cash Cows Dividend ETF 2.3 60 -10 9.4 +1.7
SCHC Schwab International Small-Cap Equity ETF 2.3 11 39 6.7 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.3 40 10 5.7 -1.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.2 80 -30 6.7 -0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 2.2 70 -20 6.7 -0.9
DWM WisdomTree International Equity Fund 2.2 48 2 5.7 -2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.2 80 -30 9.3 +1.7
SCZ iShares MSCI EAFE Small-Cap ETF 2.2 40 10 6.1 -1.5
SHLD Global X Defense Tech ETF 2.1 50 0 3.1 -4.5
NUDM Nuveen ESG International Developed Markets Equity ETF 2.1 31 19 5.6 -2.0
FDEV Fidelity International Multifactor ETF 2.0 18 32 7.3 -0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.0 80 -30 5.6 -2.0
DFNL Davis Select Financial ETF 2.0 63 -13 7.6 +0.0
IQDF FlexShares International Quality Dividend Index Fund 2.0 47 3 7.6 -0.0
EUDV ProShares MSCI Europe Dividend Growers ETF 2.0 55 -5 5.7 -1.9
DOL WisdomTree International LargeCap Dividend Fund 2.0 48 2 5.7 -1.9
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -8 6.3 -1.3
BOAT SonicShares Global Shipping ETF 1.9 69 -19 21.3 +13.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.9 65 -15 4.2 -3.5
WWJD Inspire International ETF 1.8 80 -30 6.4 -1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 1.8 37 13 7.2 -0.5
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -10 7.8 +0.2
AVDV Avantis International Small Cap Value ETF 1.8 36 14 7.7 +0.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 1 6.1 -1.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.7 39 11 6.8 -0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 26 6.9 -0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.7 22 28 5.8 -1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 42 6.3 -1.3
FPXI First Trust International Equity Opportunities ETF 1.6 70 -20 3.7 -4.0
KNO AXS Knowledge Leaders ETF 1.6 78 -28 4.0 -3.6
CZAR Themes Natural Monopoly ETF 1.6 35 15 5.4 -2.2
AVDS Avantis International Small Cap Equity ETF 1.6 30 20 6.0 -1.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.5 42 8 4.1 -3.6
PPIE Putnam PanAgora ESG International Equity ETF 1.5 49 1 6.2 -1.4
HAP VanEck Natural Resources ETF 1.5 50 0 6.8 -0.8
SCHY Schwab International Dividend Equity ETF 1.5 14 36 8.5 +0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 11 7.0 -0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.5 9 41 7.8 +0.2
TPIF Timothy Plan International ETF 1.4 62 -12 5.6 -2.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 25 6.3 -1.3
LVHI Franklin International Low Volatility High Dividend Index ET 1.4 40 10 7.7 +0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.4 20 30 5.7 -1.9
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 7.2 -0.4
MOTG VanEck Morningstar Global Wide Moat ETF 1.4 52 -2 8.0 +0.4
GWX SPDR S&P International Small Cap ETF 1.4 40 10 5.9 -1.7
FDVV Fidelity High Dividend ETF 1.4 15 35 6.6 -1.0
SPEU SPDR Portfolio Europe ETF 1.4 7 43 6.5 -1.1
SNSR Global X Internet of Things ETF 1.4 68 -18 3.2 -4.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.4 39 11 6.2 -1.4
IEUR iShares Core MSCI Europe ETF 1.3 11 39 6.4 -1.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.3 12 38 5.3 -2.3
WDIV SPDR S&P Global Dividend ETF 1.3 40 10 9.1 +1.5
CIL VictoryShares International Volatility Wtd ETF 1.3 45 5 5.8 -1.8
DIVI Franklin International Core Dividend Tilt Index ETF 1.3 9 41 6.6 -1.0
VGK Vanguard FTSE Europe ETF 1.3 6 44 6.6 -1.0
IXC iShares Global Energy ETF 1.2 44 6 7.3 -0.3
FEOE First Eagle Overseas Equity ETF 1.2 79 -29 6.2 -1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.2 14 36 5.3 -2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 3 7.2 -0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 0 5.7 -1.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 1 4.5 -3.2
INTF iShares International Equity Factor ETF 1.1 15 35 6.5 -1.1
ICPY Tweedy, Browne International Insider Value ETF 1.1 80 -30 21.5 +13.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -11 1.5 -6.1
BBEU JPMorgan BetaBuilders Europe ETF 1.1 9 41 6.2 -1.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.0 20 30 5.8 -1.8
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 25 7.4 -0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 11 8.0 +0.4
EUFN iShares MSCI Europe Financials ETF 1.0 51 -1 7.1 -0.5
FLEE Franklin FTSE Europe ETF 1.0 9 41 6.3 -1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.0 46 4 5.5 -2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.9 30 20 6.2 -1.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.9 35 15 5.7 -1.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -11 -0.7 -8.3
IEV iShares Europe ETF 0.9 67 -17 5.9 -1.7
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -12 3.0 -4.6
BLES Inspire Global Hope ETF 0.9 61 -11 5.7 -1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.9 25 25 6.2 -1.4
EFV iShares MSCI EAFE Value ETF 0.9 34 16 7.6 0.0
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -39 4.3 -3.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.8 60 -10 3.4 -4.2
TTAI FCF International Quality ETF 0.8 59 -9 6.8 -0.8
DFIV Dimensional International Value ETF 0.8 27 23 7.8 +0.2
IEFA iShares Core MSCI EAFE ETF 0.8 7 43 6.1 -1.5
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 20 8.1 +0.4
MXI iShares Global Materials ETF 0.8 41 9 6.0 -1.7
DXIV Dimensional International Vector Equity ETF 0.8 34 16 6.6 -1.0
BCOR Grayscale Bitcoin Adopters ETF 0.8 59 -9 2.0 -5.6
IQSI IQ Candriam International Equity ETF 0.8 15 35 5.6 -2.0
AVSD Avantis Responsible International Equity ETF 0.8 23 27 6.0 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.8 20 30 5.9 -1.7
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -30 14.9 +7.3
DISV Dimensional International Small Cap Value ETF 0.8 42 8 8.1 +0.5
WSML iShares MSCI World Small-Cap ETF 0.8 15 35 5.3 -2.3
DFAI Dimensional International Core Equity Market ETF 0.8 18 32 6.1 -1.6
DIHP Dimensional International High Profitability ETF 0.8 29 21 5.8 -1.8
SHPP Pacer Industrials and Logistics ETF 0.7 60 -10 6.6 -1.1
DFIC Dimensional International Core Equity 2 ETF 0.7 23 27 6.3 -1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 5 6.8 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 0.7 4 46 6.0 -1.6
BKIE BNY Mellon International Equity ETF 0.7 4 46 6.0 -1.6
VYMI Vanguard International High Dividend Yield ETF 0.7 17 33 8.1 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.7 58 -8 6.4 -1.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 3 5.1 -2.6
PBD Invesco Global Clean Energy ETF 0.7 75 -25 0.2 -7.4
TAN Invesco Solar ETF 0.7 67 -17 3.8 -3.8
RNRG Global X Renewable Energy Producers ETF 0.7 66 -16 4.3 -3.4
DFIS Dimensional International Small Cap ETF 0.7 39 11 6.1 -1.5
IQLT iShares MSCI Intl Quality Factor ETF 0.7 30 20 5.5 -2.1
IVSI Applied Finance IVS International Large ETF 0.7 65 -15 6.1 -1.6
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 26 5.7 -1.9
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 27 7.3 -0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -33 7.8 +0.2
FRNW Fidelity Clean Energy ETF 0.6 39 11 1.7 -5.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 47 5.8 -1.8
ROBO ROBO Global Robotics & Automation Index ETF 0.6 95 -45 2.3 -5.3
DTEC ALPS Disruptive Technologies ETF 0.6 50 0 3.6 -4.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 -15 1.4 -6.3
IBOT Vaneck Robotics ETF 0.6 47 3 3.2 -4.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 -19 1.8 -5.8
VEA Vanguard FTSE Developed Markets ETF 0.6 3 47 6.0 -1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.6 12 38 4.9 -2.7
DTAN Sparkline International Intangible Value ETF 0.6 55 -5 7.1 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.6 36 14 5.4 -2.2
EFA iShares MSCI EAFE ETF 0.6 35 15 5.8 -1.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.6 20 30 5.6 -2.0
HEFA iShares Currency Hedged MSCI EAFE ETF 0.6 35 15 5.8 -1.9
AVDE Avantis International Equity ETF 0.6 23 27 6.2 -1.4
AVIV Avantis International Large Cap Value ETF 0.6 25 25 7.0 -0.6
OCEN IQ Clean Oceans ETF 0.5 45 5 4.6 -3.0
IDMO Invesco S&P International Developed Momentum ETF 0.5 25 25 5.3 -2.3
JHMD John Hancock Multifactor Developed International ETF 0.5 39 11 6.2 -1.4
GLOF iShares Global Equity Factor ETF 0.5 20 30 5.6 -2.1
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 43 6.6 -1.0
KXI iShares Global Consumer Staples ETF 0.5 41 9 5.3 -2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 32 6.4 -1.2
SCHF Schwab International Equity ETF 0.5 6 44 6.0 -1.7
VXUS Vanguard Total International Stock ETF 0.5 5 45 6.7 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 30 4.7 -2.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 20 6.4 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 20 4.7 -2.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.5 20 30 5.7 -1.9
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 21 5.4 -2.2
FDRR Fidelity Dividend ETF for Rising Rates 0.4 15 35 5.7 -1.9
VSGX Vanguard ESG International Stock ETF 0.4 10 40 6.6 -1.0
FRGN Horizon International Equity ETF 0.4 75 -25 7.8 +0.2
NXTG First Trust Indxx NextG ETF 0.4 70 -20 3.4 -4.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 6.0 -1.6
AIRL Themes Airlines ETF 0.4 35 15 1.6 -6.0
JETS U.S. Global Jets ETF 0.4 60 -10 2.5 -5.1
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 20 6.5 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 16 6.4 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 46 6.7 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 38 4.4 -3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 16 5.2 -2.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 25 5.5 -2.1
FENI Fidelity Enhanced International ETF 0.3 28 22 5.8 -1.8
EFG iShares MSCI EAFE Growth ETF 0.3 36 14 3.8 -3.8
AZTD Aztlan Global Stock Selection DM SMID ETF 0.3 75 -25 4.1 -3.5
IXP iShares Global Comm Services ETF 0.3 42 8 5.7 -2.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 4.0 -3.6
CUT Invesco MSCI Global Timber ETF 0.2 61 -11 8.6 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 41 4.9 -2.8
IXG iShares Global Financials ETF 0.2 42 8 6.3 -1.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 8 5.8 -1.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -8 5.4 -2.2
VT Vanguard Total World Stock ETF 0.2 6 44 5.0 -2.6
KNCT Invesco Next Gen Connectivity ETF 0.2 40 10 2.9 -4.7
TOK iShares MSCI Kokusai ETF 0.2 26 24 4.3 -3.3
QWLD SPDR MSCI World StrategicFactors ETF 0.2 30 20 5.2 -2.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 41 4.4 -3.2
URTH iShares MSCI World ETF 0.1 24 26 4.3 -3.3
AFK VanEck Africa Index ETF 0.1 98 -48 11.2 +3.6
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.6 -3.0
IGRO iShares International Dividend Growth ETF 0.1 15 35 6.8 -0.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 38 8.8 +1.2
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 40 5.0 -2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 40 8.6 +1.0
IFGL iShares International Developed Real Estate ETF 0.1 48 2 7.5 -0.1
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 40 6.1 -1.6
ERET iShares Environmentally Aware Real Estate ETF 0.0 30 20 6.9 -0.8
EXI iShares Global Industrials ETF 0.0 42 8 3.6 -4.0
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 32 0.0 -7.6

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

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.87 CATEGORY
AVERAGE		 1.64
 
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.