Global X Renewable Energy Producers ETF
ALTAR
Score™		 4.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 22.4x P/Sales
ratio		 1.9x
P/BV
ratio		 1.2x Div.
yield		 3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Renewable Energy Producers ETF seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 27, 2015
Assets (mns) $29
Currency USD
Expense ratio 66 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $6,239
Large cap (>$10bn) 21.6%
Mid cap ($2-10bn) 63.1%
Small cap (<$2bn) 14.0%
Developed mkts 77.2%
Emerging mkts 22.8%

TOP TEN HOLDINGS
AXIA ENERGIA 6.4 %
ORSTED 6.3 %
VERBUND AG 6.3 %
EDP RENOVAVEIS SA 6.1 %
ENLIGHT RENEWABLE ENERGY LTD 5.9 %
MERIDIAN ENERGY LTD 5.6 %
BROOKFIELD RENEWABLE PARTNERS LP 4.8 %
ENGIE BRASIL ENERGIA S.A. 4.3 %
CONTACT ENERGY LTD 4.2 %
MIGHTY RIVER POWER 4.2 %
Total 54.0 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 13.9 %
SPAIN 11.3 %
BRAZIL 10.5 %
UNITED STATES 9.8 %
ISRAEL 8.3 %
DENMARK 6.2 %
AUSTRIA 6.2 %
CANADA 5.7 %
BERMUDA 5.1 %
CHINA 4.2 %

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.
11.2% 46.9% -4.0% 5.3% 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.47 26%
MSCI EAFE 0.71 42%
MSCI Emg. Mkts. 0.61 37%

Technical Indicators
Recent close $37.11
30d moving avg. $36.44
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.6%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 415 potential alternatives to the Global X Renewable Energy Producers ETF ETF based on the alternatives' overlap in portfolio holdings with RNRG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNRG Expense: 66 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNRG
Ticker Fund
Name		 Overlap1
vs RNRG
(%)		 Expense
ratio
(bp)		 Savings
vs RNRG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RNRG
(%)
FAN First Trust Global Wind Energy ETF 31.4 60 6 2.8 -1.6
ACES ALPS Clean Energy ETF 19.4 55 11 -2.7 -7.1
TAN Invesco Solar ETF 19.4 67 -1 4.6 +0.2
ICLN iShares Global Clean Energy ETF 16.3 41 25 2.0 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 15.2 59 7 2.7 -1.7
PBD Invesco Global Clean Energy ETF 15.0 75 -9 0.3 -4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.6 75 -9 5.8 +1.5
ENZL iShares MSCI New Zealand ETF 12.6 50 16 4.1 -0.3
SMOG VanEck Low Carbon Energy ETF 9.3 61 5 1.3 -3.1
ITEQ BlueStar Israel Technology ETF 8.7 75 -9 1.2 -3.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.2 79 -13 4.2 -0.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.1 58 8 -2.1 -6.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 5.7 45 21 0.0 -4.3
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.1 -1.3
EWO iShares MSCI Austria ETF 5.4 50 16 8.3 +4.0
DTEC ALPS Disruptive Technologies ETF 4.6 50 16 4.0 -0.4
CCNR ALPS CoreCommodity Natural Resources ETF 4.5 39 27 8.0 +3.6
PBW Invesco WilderHill Clean Energy ETF 4.5 66 0 -3.2 -7.6
PID Invesco International Dividend Achievers ETF 4.1 53 13 4.1 -0.3
CCSO Carbon Collective Climate Solutions US Equity ETF 3.7 35 31 1.0 -3.4
ISRA VanEck Israel ETF 3.6 59 7 6.1 +1.8
FLN First Trust Latin America AlphaDEX Fund 3.4 80 -14 9.6 +5.2
EDEN iShares MSCI Denmark ETF 3.4 53 13 6.6 +2.2
EWZ iShares MSCI Brazil ETF 3.2 58 8 9.6 +5.3
JIVE JPMorgan International Value ETF 3.2 55 11 8.7 +4.3
FLBR Franklin FTSE Brazil ETF 3.1 19 47 10.8 +6.4
KGRN KraneShares MSCI China Clean Technology Index ETF 3.0 79 -13 3.0 -1.4
EIS iShares MSCI Israel ETF 2.8 58 8 6.6 +2.3
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.6 29 37 3.8 -0.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.6 55 11 4.6 +0.3
FXU First Trust Utilities AlphaDEX Fund 2.6 64 2 5.0 +0.7
OCEN IQ Clean Oceans ETF 2.5 45 21 4.5 +0.2
EVX VanEck Environmental Services ETF 2.5 55 11 4.0 -0.4
EMIF iShares Emerging Markets Infrastructure ETF 2.3 60 6 2.6 -1.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.3 60 6 10.0 +5.7
IMOM Alpha Architect International Quantitative Momentum ETF 2.2 49 17 4.4 +0.0
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.3 -0.1
DIV Global X SuperDividend US ETF 1.9 45 21 9.7 +5.4
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 17 4.7 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.8 52 14 5.5 +1.2
FLLA Franklin FTSE Latin America ETF 1.8 19 47 10.0 +5.6
GVAL Cambria Global Value ETF 1.8 68 -2 9.2 +4.9
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 4.9 +0.6
ILF iShares Latin America 40 ETF 1.6 48 18 9.1 +4.7
DBSC Deepwater Beachfront Small Cap ETF 1.6 85 -19 1.3 -3.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 14.1 +9.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.4 35 31 9.0 +4.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.4 49 17 4.9 +0.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.3 20 46 0.9 -3.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.3 35 31 6.8 +2.4
SIXS ETC 6 Meridian Small Cap Equity ETF 1.3 89 -23 8.2 +3.9
ETHO Etho Climate Leadership U.S. ETF 1.3 47 19 4.7 +0.4
AVDV Avantis International Small Cap Value ETF 1.3 36 30 8.0 +3.6
FDEV Fidelity International Multifactor ETF 1.3 18 48 7.1 +2.8
WBIY WBI Power Factor High Dividend ETF 1.3 100 -34 12.4 +8.0
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 6.9 +2.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.2 59 7 4.9 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 6 8.0 +3.7
JXI iShares Global Utilities ETF 1.2 43 23 4.9 +0.5
DISV Dimensional International Small Cap Value ETF 1.1 42 24 8.4 +4.0
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 1.1 59 7 8.9 +4.6
ZAP Global X U.S. Electrification ETF 1.1 50 16 3.5 -0.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 7.9 +3.5
OAIM OneAscent International Equity ETF 1.1 95 -29 4.9 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.0 80 -14 5.4 +1.1
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -10 3.5 -0.9
WWJD Inspire International ETF 1.0 80 -14 6.5 +2.1
SIXL ETC 6 Meridian Low Beta Equity ETF 1.0 80 -14 5.9 +1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.7 +4.4
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 7 10.3 +5.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 7 7.6 +3.3
HAP VanEck Natural Resources ETF 0.9 50 16 6.5 +2.2
AVDS Avantis International Small Cap Equity ETF 0.9 30 36 6.2 +1.9
WDIV SPDR S&P Global Dividend ETF 0.9 40 26 9.4 +5.0
CLNR IQ Cleaner Transport ETF 0.9 45 21 3.9 -0.5
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 5.3 +0.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 10 56 4.0 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 3 11.1 +6.7
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 17.3 +12.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.8 15 51 4.0 -0.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 18 48 4.0 -0.4
IEUS iShares MSCI Europe Small-Cap ETF 0.8 42 24 7.0 +2.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 1 8.0 +3.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.8 75 -9 7.1 +2.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.7 40 26 6.4 +2.0
DFIS Dimensional International Small Cap ETF 0.7 39 27 6.3 +2.0
KNO AXS Knowledge Leaders ETF 0.7 78 -12 4.7 +0.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.7 35 31 6.5 +2.1
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.7 +3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 31 35 5.8 +1.5
UIVM VictoryShares International Value Momentum ETF 0.7 35 31 8.4 +4.1
ENOR iShares MSCI Norway ETF 0.7 53 13 7.3 +2.9
NORW Global X MSCI Norway ETF 0.7 50 16 7.3 +2.9
FPWR First Trust EIP Power Solutions ETF 0.7 96 -30 4.3 -0.1
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.7 +0.4
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 5.3 +1.0
IWN iShares Russell 2000 Value ETF 0.7 24 42 5.2 +0.8
VPU Vanguard Utilities ETF 0.7 9 57 4.7 +0.4
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -14 6.7 +2.4
TPSC Timothy Plan US Small Cap Core ETF 0.7 52 14 6.9 +2.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.6 +1.3
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 3.9 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 21 9.8 +5.4
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.8 +2.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 -4 2.3 -2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.2 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 7.0 +2.6
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 8.3 +4.0
WCEO Hypatia Women CEO ETF 0.6 85 -19 5.1 +0.7
TTAI FCF International Quality ETF 0.6 59 7 6.6 +2.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 6 6.6 +2.2
INTF iShares International Equity Factor ETF 0.5 15 51 6.6 +2.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -14 9.3 +5.0
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 24 6.4 +2.0
DWMF WisdomTree International Multifactor Fund 0.5 38 28 6.6 +2.3
TRFM AAM Transformers ETF 0.5 49 17 1.2 -3.1
BLES Inspire Global Hope ETF 0.5 61 5 6.1 +1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.8 +0.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.5 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.5 +2.2
WDNA WisdomTree BioRevolution Fund 0.5 45 21 -2.3 -6.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -4 6.1 +1.8
FEP First Trust Europe AlphaDEX Fund 0.5 80 -14 7.0 +2.7
POWR iShares U.S. Power Infrastructure ETF 0.5 40 26 4.0 -0.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 54 6.7 +2.4
DXIV Dimensional International Vector Equity ETF 0.5 34 32 6.7 +2.4
WSML iShares MSCI World Small-Cap ETF 0.5 15 51 5.7 +1.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 2.5 -1.9
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -5.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 8.3 +4.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.4 24 42 6.4 +2.0
MJSC MUFG Japan Small Cap Active ETF 0.4 85 -19 5.0 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 6.3 +1.9
GINN Goldman Sachs Innovate Equity ETF 0.4 52 14 4.1 -0.2
AVSD Avantis Responsible International Equity ETF 0.4 23 43 6.2 +1.9
POW VistaShares Electrification Supercycle ETF 0.4 75 -9 2.5 -1.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 6.7 +2.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 63 6.9 +2.5
IJR iShares Core S&P Small Cap ETF 0.4 6 60 6.8 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.0 +0.7
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 5.8 +1.5
IJK iShares S&P Mid-Cap 400 Growth ETF 0.4 17 49 4.3 -0.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.0 +1.6
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.4 15 51 4.4 +0.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.4 10 56 4.4 +0.1
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 28 8.4 +4.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 42 7.4 +3.0
BKF iShares MSCI BIC ETF 0.4 69 -3 14.1 +9.7
AVES Avantis Emerging Markets Value ETF 0.4 36 30 9.5 +5.1
DTH WisdomTree International High Dividend Fund 0.4 58 8 7.4 +3.0
FESM Fidelity Enhanced Small Cap ETF 0.4 28 38 2.6 -1.8
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 4.8 +0.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.9 -1.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 3.8 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 27 7.2 +2.8
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 5.0 +0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -4 9.9 +5.6
AVDE Avantis International Equity ETF 0.3 23 43 6.4 +2.0
IWM iShares Russell 2000 ETF 0.3 19 47 2.9 -1.4
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 9.2 +4.9
RSSL Global X Russell 2000 ETF 0.3 8 58 3.0 -1.4
TPIF Timothy Plan International ETF 0.3 62 4 5.6 +1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -13 7.1 +2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 14.0 +9.7
GWX SPDR S&P International Small Cap ETF 0.3 40 26 6.1 +1.7
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 7.2 +2.8
EES WisdomTree U.S. SmallCap Fund 0.3 38 28 8.4 +4.1
XT iShares Exponential Technologies ETF 0.3 46 20 4.4 +0.1
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.3 12 54 7.2 +2.9
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 6.4 +2.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.3 +1.0
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -4.4
VTWO Vanguard Russell 2000 ETF 0.3 7 59 3.1 -1.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 5.7 +1.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 6.7 +2.4
RNEM First Trust Emerging Markets Equity Select ETF 0.3 75 -9 8.0 +3.6
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.9 +1.6
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 6.4 +2.0
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 43 7.4 +3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 42 7.0 +2.6
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.5 -4.9
STXM Strive Mid-Cap ETF 0.3 18 48 5.7 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 57 7.6 +3.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 6.8 +2.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.6 +2.2
IEUR iShares Core MSCI Europe ETF 0.2 11 55 6.6 +2.2
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 6.3 +1.9
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 54 6.3 +2.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 6.2 +1.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.2 70 -4 4.1 -0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 8.1 +3.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 6.2 +1.8
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 5.8 +1.4
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.7 +1.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 57 4.1 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 6.8 +2.5
VEXC Vanguard Emerging Markets Ex-China ETF 0.2 7 59 6.3 +1.9
ITAN Sparkline Intangible Value ETF 0.2 50 16 6.5 +2.2
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 43 6.2 +1.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.3 +1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 5.6 +1.2
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.4 +0.1
DFSV Dimensional US Small Cap Value ETF 0.2 31 35 9.3 +4.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.7 +1.4
STXE Strive Emerging Markets Ex-China ETF 0.2 32 34 6.2 +1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.7 +2.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.9 +2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 46 4.4 +0.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.2 19 47 5.4 +1.1
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.4 -3.0
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 6.4 +2.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 6.5 +2.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 8.2 +3.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.4 +2.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 6.4 +2.1
VGK Vanguard FTSE Europe ETF 0.2 6 60 6.8 +2.4
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.7 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 16 9.1 +4.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.7 +1.3
IQSI IQ Candriam International Equity ETF 0.2 15 51 5.8 +1.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 6.2 +1.8
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 6.3 +1.9
VXUS Vanguard Total International Stock ETF 0.2 5 61 7.0 +2.7
EFV iShares MSCI EAFE Value ETF 0.2 34 32 7.7 +3.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.1 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 5.9 +1.6
IDU iShares U.S. Utilities ETF 0.2 40 26 4.2 -0.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 10.0 +5.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 6.2 +1.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.5 +1.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 1.4 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 6.2 +1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 24 4.3 -0.1
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 54 7.6 +3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.3 +2.0
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 9.7 +5.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -23 4.8 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 36 9.0 +4.6
VB Vanguard Small-Cap ETF 0.2 5 61 5.6 +1.2
VXF Vanguard Extended Market ETF 0.2 5 61 4.1 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 5.9 +1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 14.2 +9.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 8.3 +4.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 9.8 +5.5
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 8.8 +4.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 5.8 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 62 7.1 +2.8
DWM WisdomTree International Equity Fund 0.2 48 18 5.8 +1.4
SCHY Schwab International Dividend Equity ETF 0.2 14 52 8.3 +4.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.2 29 37 7.1 +2.7
AFK VanEck Africa Index ETF 0.2 98 -32 11.1 +6.7
SCHF Schwab International Equity ETF 0.2 6 60 6.3 +1.9
GXC SPDR S & P China ETF 0.2 59 7 18.1 +13.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 34 5.5 +1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 0.2 48 18 9.4 +5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 9.0 +4.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 6.9 +2.6
EFA iShares MSCI EAFE ETF 0.2 35 31 5.9 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 8.0 +3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 26 5.8 +1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 9.3 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 9.0 +4.7
VBR Vanguard Small Cap Value ETF 0.1 7 59 8.3 +3.9
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 8.2 +3.9
EZU iShares MSCI Eurozone ETF 0.1 52 14 5.9 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 6.7 +2.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.1 42 24 8.1 +3.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 30 8.5 +4.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 5.5 +1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 6.0 +1.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 6.4 +2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 5.7 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 6.1 +1.7
DEW WisdomTree Global High Dividend Fund 0.1 58 8 7.4 +3.0
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 7.6 +3.2
IVSI Applied Finance IVS International LrgETF 0.1 65 1 6.3 +1.9
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.8 +2.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 48 6.7 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 31 7.7 +3.4
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 7.0 +2.6
BKIE BNY Mellon International Equity ETF 0.1 4 62 6.2 +1.9
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 9.1 +4.7
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 5.7 +1.4
IEV iShares Europe ETF 0.1 67 -1 6.1 +1.7
STXK Strive Small-Cap ETF 0.1 18 48 5.5 +1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 8.4 +4.0
FLEE Franklin FTSE Europe ETF 0.1 9 57 6.5 +2.1
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 6.0 +1.6
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 34 6.4 +2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.0 +2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 12.0 +7.7
DIHP Dimensional International High Profitability ETF 0.1 29 37 5.9 +1.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 8.8 +4.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 7.8 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 6.4 +2.0
AVIV Avantis International Large Cap Value ETF 0.1 25 41 7.1 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 55 8.8 +4.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 6.2 +1.8
DXUV Dimensional US Vector Equity ETF 0.1 28 38 5.6 +1.2
VSGX Vanguard ESG International Stock ETF 0.1 10 56 7.1 +2.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.0 -0.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.7 +3.4
DFIV Dimensional International Value ETF 0.1 27 39 7.9 +3.6
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.9 +1.5
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 9.0 +4.7
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.7 +1.3
VPL Vanguard FTSE Pacific ETF 0.1 7 59 5.8 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 5.2 +0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 8.9 +4.6
MCHI iShares MSCI China ETF 0.1 59 7 19.4 +15.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 7.5 +3.2
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 5.6 +1.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 8.3 +4.0
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 6.3 +2.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 5.9 +1.6
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.4 +1.0
FENI Fidelity Enhanced International ETF 0.1 28 38 6.0 +1.7
FLCH Franklin FTSE China ETF 0.1 19 47 17.2 +12.8
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 8.2 +3.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 46 5.7 +1.3
VT Vanguard Total World Stock ETF 0.1 6 60 5.4 +1.1
IGF iShares Global Infrastructure ETF 0.1 41 25 4.1 -0.2
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.0 +1.7
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.1 -0.2
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.2 +1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 6.8 +2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 7.1 +2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 6.6 +2.2
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.5 +4.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.5 +5.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 7.8 +3.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 4.5 +0.2
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 3.8 -0.6
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 41 8.4 +4.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 5.0 +0.7
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.9 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.0 +5.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.4 +1.0
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 48 5.0 +0.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 46 5.7 +1.4
ACWI iShares MSCI ACWI ETF 0.1 32 34 5.1 +0.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 46 6.4 +2.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 4.9 +0.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 49 6.7 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 8.9 +4.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 6.0 +1.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 7.5 +3.2
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 7.5 +3.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 1 7.0 +2.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 3.8 -0.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 54 6.6 +2.3
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 12.8 +8.4
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 8.3 +4.0
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 4.5 +0.2
SMMD iShares Russell 2500 ETF 0.0 15 51 6.0 +1.7
VIS Vanguard Industrials ETF 0.0 9 57 3.8 -0.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.6 +2.2
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.6 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 4.7 +0.4
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.1 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.3 +1.0
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 7.6 +3.3
EBI Longview Advantage ETF 0.0 35 31 6.3 +2.0
URTH iShares MSCI World ETF 0.0 24 42 4.7 +0.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 8.7 +4.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.2 +0.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.9 -0.5
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.4 +2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 34 8.3 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 7.0 +2.7
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 5.5 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 8.1 +3.7
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.1 +2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.3 -1.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 5.3 +1.0
PFM Invesco Dividend Achievers ETF 0.0 53 13 4.9 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 7.9 +3.6
IWR iShares Russell Midcap ETF 0.0 19 47 5.7 +1.3
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 5.8 +1.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.7 +0.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 13 5.9 +1.6
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 3.5 -0.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.6 +0.2
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.6 +0.2
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.5 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.5 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 6.3 +2.0
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 6.3 +1.9
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.4 +0.1
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.7 +1.3
SFGV Sequoia Global Value ETF 0.0 23 43 7.4 +3.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 32 6.1 +1.8
IWV iShares Russell 3000 ETF 0.0 20 46 4.4 +0.0
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.5 +0.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.6 +2.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.7 +0.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.6 +0.2
DIVB iShares Core Dividend ETF 0.0 5 61 7.6 +3.3
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 48 0.0 -4.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.3 +2.0
SCHK Schwab 1000 Index ETF 0.0 5 61 4.6 +0.3
VEGN US Vegan Climate ETF 0.0 60 6 4.3 -0.0
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 10.6 +6.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.9 +1.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 5.8 +1.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.7 +0.3
AVUQ Avantis U.S. Quality ETF 0.0 15 51 3.9 -0.5
IWD iShares Russell 1000 Value ETF 0.0 19 47 5.8 +1.4
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 5.9 +1.5
STXV Strive 1000 Value ETF 0.0 18 48 7.1 +2.8
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.6 +0.2
IWB iShares Russell 1000 ETF 0.0 15 51 4.5 +0.2
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.4 +0.1
STXG Strive 1000 Growth ETF 0.0 18 48 3.6 -0.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.5 +0.2

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 Renewable Energy Producers ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.9 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.75 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.