Global X Renewable Energy Producers ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 20.0x P/Sales
ratio		 1.7x
P/BV
ratio		 1.0x Div.
yield		 4.0%


  • 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) $26
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 36
Wgt avg mkt cap (mns) $7,000
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 9.2 %
DONG ENERGY A/S 7.5 %
BARITO RENEWABLE 6.6 %
EDP RENOVAVEIS SA 6.2 %
VERBUND AG 5.2 %
ORMAT TECHNOLOGIES INC 5.1 %
MERIDIAN ENERGY LTD 5.1 %
BROOKFIELD RENEWABLE PARTNERS LP 4.2 %
ENGIE BRASIL ENERGIA S.A. 4.2 %
CONTACT ENERGY LTD 4.1 %
Total 57.5 %

TOP COUNTRY EXPOSURE
BRAZIL 13.4 %
NEW ZEALAND 13.3 %
UNITED STATES 11.3 %
SPAIN 10.0 %
INDONESIA 9.0 %
DENMARK 7.5 %
ISRAEL 5.9 %
AUSTRIA 5.2 %
BERMUDA 4.2 %
CANADA 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
292.8% 274.0% 19.4% 22.8% 17.4%

Market Correlations
versus... Beta R-squared
S&P500 1.77 3%
MSCI EAFE -1.01 1%
MSCI Emg. Mkts. -0.32 0%

Technical Indicators
Recent close $33.38
30d moving avg. $33.48
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 1.10%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 423 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™: 5.3%


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
(%)
FRNW Fidelity Clean Energy ETF 40.2 39 27 2.3 -3.0
FAN First Trust Global Wind Energy ETF 29.6 60 6 4.3 -1.0
ACES ALPS Clean Energy ETF 19.6 55 11 -2.5 -7.8
TAN Invesco Solar ETF 18.9 67 -1 5.9 +0.6
ICLN iShares Global Clean Energy ETF 18.2 41 25 3.1 -2.2
PBD Invesco Global Clean Energy ETF 15.3 75 -9 0.8 -4.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.0 75 -9 7.2 +1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 11.1 59 7 3.9 -1.4
SMOG VanEck Low Carbon Energy ETF 9.5 61 5 1.5 -3.8
ENZL iShares MSCI New Zealand ETF 7.9 50 16 3.5 -1.8
ITEQ BlueStar Israel Technology ETF 7.0 75 -9 1.7 -3.6
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.8 58 8 -1.9 -7.2
CNRG State Street SPDR S&P Kensho Clean Power ETF 6.6 45 21 1.5 -3.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.4 79 -13 5.0 -0.3
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.4 -1.9
IDX VanEck Indonesia Index ETF 5.5 57 9 7.0 +1.7
PBW Invesco WilderHill Clean Energy ETF 4.9 66 0 -3.0 -8.3
EWO iShares MSCI Austria ETF 4.1 50 16 9.1 +3.8
PID Invesco International Dividend Achievers ETF 4.1 53 13 5.1 -0.2
EWZ iShares MSCI Brazil ETF 3.7 58 8 13.1 +7.8
FLBR Franklin FTSE Brazil ETF 3.6 19 47 14.6 +9.3
DTEC ALPS Disruptive Technologies ETF 3.4 50 16 3.6 -1.7
KGRN KraneShares MSCI China Clean Technology Index ETF 3.4 79 -13 0.4 -4.9
EDEN iShares MSCI Denmark ETF 3.2 53 13 6.2 +0.9
FLN First Trust Latin America AlphaDEX Fund 3.1 80 -14 11.8 +6.5
CCNR ALPS CoreCommodity Natural Resources ETF 3.0 39 27 8.3 +3.0
CCSO Carbon Collective Climate Solutions US Equity ETF 2.9 35 31 1.2 -4.1
ISRA VanEck Israel ETF 2.8 59 7 7.0 +1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.8 49 17 5.1 -0.2
OCEN IQ Clean Oceans ETF 2.5 45 21 5.3 +0.1
TEMP JPMorgan Climate Change Solutions ETF 2.4 49 17 5.8 +0.5
BLLD JPMorgan Sustainable Infrastructure ETF 2.4 49 17 5.9 +0.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.3 55 11 6.3 +1.0
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.3 29 37 4.4 -0.9
FXU First Trust Utilities AlphaDEX Fund 2.3 64 2 5.7 +0.4
BOUT Innovator IBD Breakout Opportunities ETF 2.3 81 -15 5.2 -0.1
FLLA Franklin FTSE Latin America ETF 2.1 19 47 12.8 +7.6
DIV Global X SuperDividend US ETF 2.1 45 21 11.2 +5.9
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.8 -0.5
RFEU First Trust Riverfront Dynamic Europe ETF 2.1 83 -17 10.0 +4.7
EMIF iShares Emerging Markets Infrastructure ETF 2.0 60 6 3.3 -2.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 6 10.8 +5.5
ILF iShares Latin America 40 ETF 2.0 48 18 11.9 +6.7
GVAL Cambria Global Value ETF 1.9 68 -2 10.5 +5.2
EIS iShares MSCI Israel ETF 1.8 58 8 7.6 +2.4
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 5.6 +0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.6 52 14 6.2 +0.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 17.2 +12.0
ETHO Etho Climate Leadership U.S. ETF 1.5 47 19 5.3 -0.0
HAP VanEck Natural Resources ETF 1.5 50 16 8.8 +3.5
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 6 7.7 +2.4
XT iShares Exponential Technologies ETF 1.3 46 20 4.5 -0.8
JXI iShares Global Utilities ETF 1.3 43 23 5.7 +0.4
FPWR First Trust EIP Power Solutions ETF 1.3 96 -30 5.0 -0.3
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 7.4 +2.1
WCEO Hypatia Women CEO ETF 1.3 85 -19 3.2 -2.1
WDIV SPDR S&P Global Dividend ETF 1.1 40 26 8.9 +3.7
ZAP Global X U.S. Electrification ETF 1.1 50 16 4.0 -1.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 9.8 +4.5
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 7 11.1 +5.8
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 48 9.8 +4.5
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.0 59 7 6.3 +1.1
WWJD Inspire International ETF 1.0 80 -14 7.1 +1.9
DISV Dimensional International Small Cap Value ETF 1.0 42 24 8.9 +3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.8 +3.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.9 49 17 4.9 -0.4
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.9 59 7 10.1 +4.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 51 9.8 +4.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 31 9.2 +4.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.9 75 -9 10.0 +4.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 56 9.7 +4.4
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -14 11.4 +6.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.9 20 46 3.0 -2.3
NUSC Nuveen ESG Small-Cap ETF 0.9 31 35 5.2 -0.1
KNO AXS Knowledge Leaders ETF 0.9 78 -12 5.6 +0.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 7 7.7 +2.5
CLNR IQ Cleaner Transport ETF 0.8 45 21 5.2 -0.1
DVYE iShares Emerging Markets Dividend ETF 0.8 49 17 18.1 +12.8
AVDS Avantis International Small Cap Equity ETF 0.8 30 36 6.6 +1.4
IWN iShares Russell 2000 Value ETF 0.8 24 42 6.3 +1.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 1 7.9 +2.6
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 6.4 +1.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.7 35 31 7.3 +2.0
TRFM AAM Transformers ETF 0.7 49 17 1.2 -4.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -14 5.9 +0.6
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 8.6 +3.3
AVDV Avantis International Small Cap Value ETF 0.7 36 30 8.6 +3.4
ENOR iShares MSCI Norway ETF 0.7 53 13 10.5 +5.2
NORW Global X MSCI Norway ETF 0.7 50 16 10.6 +5.3
VPU Vanguard Utilities ETF 0.7 9 57 5.2 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 0.7 80 -14 7.5 +2.2
BESF Bastion Energy ETF 0.7 80 -14 5.3 -0.0
COPY Tweedy, Browne Insider + Value ETF 0.7 80 -14 11.6 +6.3
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 5.2 -0.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.7 58 8 8.4 +3.1
DFIS Dimensional International Small Cap ETF 0.7 39 27 7.0 +1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 62 5.8 +0.5
AVES Avantis Emerging Markets Value ETF 0.6 36 30 10.5 +5.2
IEUS iShares MSCI Europe Small-Cap ETF 0.6 42 24 7.3 +2.0
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 4.5 -0.8
ECNS iShares MSCI China Small-Cap ETF 0.6 59 7 9.2 +3.9
JADE JPMorgan Active Developing Markets Equity ETF 0.6 65 1 7.7 +2.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.8 +1.5
GINN Goldman Sachs Innovate Equity ETF 0.6 52 14 3.6 -1.7
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 7.3 +2.0
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 14 7.1 +1.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 5.7 +0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -4 7.6 +2.3
TTAI FCF International Quality ETF 0.6 59 7 7.4 +2.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 54 7.5 +2.2
FSST Fidelity Sustainable U.S. Equity ETF 0.6 59 7 4.3 -1.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 26 6.8 +1.5
RCGE RockCreek Global Equality ETF 0.5 95 -29 6.6 +1.3
FILL iShares MSCI Global Energy Producers ETF 0.5 39 27 5.3 -0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 44 22 10.3 +5.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.5 45 21 10.0 +4.7
BLES Inspire Global Hope ETF 0.5 61 5 6.8 +1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -13 7.7 +2.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.5 70 -4 2.1 -3.2
STXK Strive Small-Cap ETF 0.5 18 48 6.0 +0.7
FEP First Trust Europe AlphaDEX Fund 0.5 80 -14 7.9 +2.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 31 7.5 +2.2
IJR iShares Core S&P Small Cap ETF 0.5 6 60 7.6 +2.3
INTF iShares International Equity Factor ETF 0.5 15 51 7.3 +2.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.7 +0.4
POW VistaShares Electrification Supercycle ETF 0.5 75 -9 3.4 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.9 -0.4
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 63 7.6 +2.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -14 10.6 +5.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 7.1 +1.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 59 7.5 +2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 3.0 -2.3
JIVE JPMorgan International Value ETF 0.5 55 11 10.7 +5.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -6.2
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.2 -0.1
STXE Strive Emerging Markets Ex-China ETF 0.4 32 34 7.4 +2.1
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 6.5 +1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 42 7.1 +1.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 41 7.8 +2.5
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.4 12 54 8.0 +2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 35 5.9 +0.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.4 19 47 5.5 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 27 7.5 +2.2
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 6.3 +1.0
DXIV Dimensional International Vector Equity ETF 0.4 34 32 7.4 +2.1
RSSL Global X Russell 2000 ETF 0.4 8 58 3.5 -1.8
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 5.5 +0.3
IWM iShares Russell 2000 ETF 0.4 19 47 3.5 -1.8
DTH WisdomTree International High Dividend Fund 0.4 58 8 8.0 +2.7
VTWO Vanguard Russell 2000 ETF 0.4 7 59 3.6 -1.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 6 6.9 +1.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 4.9 -0.4
DON WisdomTree U.S. MidCap Dividend Fund 0.3 38 28 9.1 +3.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.3 40 26 6.7 +1.4
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 42 6.1 +0.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 3 12.7 +7.4
WDNA WisdomTree BioRevolution Fund 0.3 45 21 -1.9 -7.2
MJSC MUFG Japan Small Cap Active ETF 0.3 85 -19 5.7 +0.4
BKF iShares MSCI BIC ETF 0.3 69 -3 13.1 +7.8
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 6.6 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 42 8.2 +3.0
DFSV Dimensional US Small Cap Value ETF 0.3 31 35 10.3 +5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 14.9 +9.6
HKND Humankind US Stock ETF 0.3 11 55 7.1 +1.8
IPOS Renaissance International IPO ETF 0.3 80 -14 2.1 -3.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 49 5.9 +0.7
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 9.7 +4.5
AVDE Avantis International Equity ETF 0.3 23 43 7.0 +1.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 60 2.9 -2.4
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -5.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 6.1 +0.8
GWX SPDR S&P International Small Cap ETF 0.3 40 26 6.5 +1.2
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 7.2 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 7 8.4 +3.2
ISMD Inspire Small/Mid Cap ETF 0.3 54 12 5.3 +0.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 8.0 +2.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 57 3.9 -1.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 7.6 +2.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 41 7.6 +2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.3 29 37 7.9 +2.6
AVSD Avantis Responsible International Equity ETF 0.3 23 43 5.1 -0.2
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 7.1 +1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 48 8.7 +3.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.4 -5.7
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 54 7.1 +1.9
ITAN Sparkline Intangible Value ETF 0.3 50 16 6.6 +1.3
AVSC Avantis U.S Small Cap Equity ETF 0.3 25 41 5.1 -0.2
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.3 15 51 8.7 +3.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 10 56 8.7 +3.4
XC WisdomTree Emerging Markets Ex-China Fund 0.2 32 34 5.7 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 0.2 75 -9 8.4 +3.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 9.1 +3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 9.7 +4.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 62 5.7 +0.4
TPIF Timothy Plan International ETF 0.2 62 4 6.0 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 7.5 +2.3
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 7.2 +1.9
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 42 7.0 +1.7
IEUR iShares Core MSCI Europe ETF 0.2 11 55 7.1 +1.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 7.1 +1.8
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 8.1 +2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 52 5.9 +0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 7.3 +2.0
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.7 -0.5
DFAI Dimensional International Core Equity Market ETF 0.2 18 48 6.7 +1.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 62 6.7 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 6.9 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 7.2 +2.0
IEFA iShares Core MSCI EAFE ETF 0.2 7 59 6.7 +1.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 7.2 +1.9
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.7 -3.6
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 9.0 +3.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 9.2 +3.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 9.4 +4.1
INEQ Columbia International Equity Income ETF 0.2 45 21 7.6 +2.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 7.3 +2.0
EFV iShares MSCI EAFE Value ETF 0.2 34 32 8.5 +3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 27 15.5 +10.2
JHSC John Hancock Multifactor Small Cap ETF 0.2 42 24 6.7 +1.4
IQSI IQ Candriam International Equity ETF 0.2 15 51 6.2 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 7.4 +2.2
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 49 5.7 +0.5
VGK Vanguard FTSE Europe ETF 0.2 6 60 7.2 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 7.5 +2.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.9 +0.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 7.2 +1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.8 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 6.8 +1.5
VB Vanguard Small-Cap ETF 0.2 5 61 6.0 +0.8
SPEU SPDR Portfolio Europe ETF 0.2 7 59 7.1 +1.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 10.6 +5.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.2 10 56 5.9 +0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 36 9.6 +4.3
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.2 15 51 5.8 +0.5
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 6.8 +1.5
VXUS Vanguard Total International Stock ETF 0.2 5 61 7.6 +2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.4 +1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 9.0 +3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 34 8.5 +3.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 6.6 +1.4
EES WisdomTree U.S. SmallCap Fund 0.2 38 28 8.6 +3.3
IDU iShares U.S. Utilities ETF 0.2 40 26 4.7 -0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.2 70 -4 10.7 +5.4
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 10.2 +4.9
EEM iShares MSCI Emerging Markets ETF 0.2 69 -3 9.5 +4.2
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 31 8.6 +3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 5.3 +0.1
VXF Vanguard Extended Market ETF 0.2 5 61 4.4 -0.9
AVEM Avantis Emerging Markets Equity ETF 0.2 33 33 8.1 +2.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 9.3 +4.0
VBR Vanguard Small Cap Value ETF 0.2 7 59 9.0 +3.7
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 60 8.4 +3.1
SCHY Schwab International Dividend Equity ETF 0.2 14 52 9.6 +4.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 6.1 +0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 51 9.5 +4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 51 7.4 +2.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 57 8.9 +3.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 7.5 +2.3
KALL KraneShares MSCI All China Index ETF 0.2 49 17 13.4 +8.1
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -23 4.8 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 62 7.6 +2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 2 1.2 -4.1
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 6.4 +1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 48 7.3 +2.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 9.8 +4.5
EFA iShares MSCI EAFE ETF 0.1 35 31 6.4 +1.1
SCHF Schwab International Equity ETF 0.1 6 60 6.8 +1.5
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 8.8 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 7.3 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 25 7.1 +1.8
BKIE BNY Mellon International Equity ETF 0.1 4 62 6.6 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 46 6.5 +1.2
DWM WisdomTree International Equity Fund 0.1 48 18 6.9 +1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 21 9.6 +4.3
AFK VanEck Africa Index ETF 0.1 98 -32 14.0 +8.8
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 6.0 +0.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 7.3 +2.1
EZU iShares MSCI Eurozone ETF 0.1 52 14 6.4 +1.1
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 10.0 +4.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 46 6.6 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 26 7.0 +1.8
XCEM Columbia EM Core ex-China ETF 0.1 16 50 7.6 +2.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 25 6.4 +1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 7.2 +1.9
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 51 6.9 +1.7
GXC SPDR S & P China ETF 0.1 59 7 15.9 +10.6
IEV iShares Europe ETF 0.1 67 -1 6.6 +1.3
DXUV Dimensional US Vector Equity ETF 0.1 28 38 6.0 +0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 8.6 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 8.4 +3.2
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 6.8 +1.5
FENI Fidelity Enhanced International ETF 0.1 28 38 6.2 +0.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 8 7.9 +2.7
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 57 7.0 +1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 6.3 +1.0
DIHP Dimensional International High Profitability ETF 0.1 29 37 6.6 +1.3
VPL Vanguard FTSE Pacific ETF 0.1 7 59 6.3 +1.0
SFYX SoFi Next 500 ETF 0.1 0 66 5.8 +0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 20 6.5 +1.2
FLEE Franklin FTSE Europe ETF 0.1 9 57 7.0 +1.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 6.7 +1.4
FLCH Franklin FTSE China ETF 0.1 19 47 15.4 +10.2
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 54 7.7 +2.5
DEW WisdomTree Global High Dividend Fund 0.1 58 8 8.2 +2.9
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.9 +1.6
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 6.3 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 8.1 +2.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 12.5 +7.2
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 9.6 +4.3
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 6.1 +0.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 5.4 +0.1
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 4.1 -1.2
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 10.2 +4.9
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 7.1 +1.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 6.2 +1.0
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.6 +0.3
VSGX Vanguard ESG International Stock ETF 0.1 10 56 7.5 +2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 8.3 +3.1
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 58 4.5 -0.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 42 7.4 +2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 9.5 +4.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 13 7.2 +1.9
IGF iShares Global Infrastructure ETF 0.1 41 25 4.6 -0.7
MCHI iShares MSCI China ETF 0.1 59 7 16.9 +11.6
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.6 -0.7
VT Vanguard Total World Stock ETF 0.1 6 60 5.7 +0.4
GLOF iShares Global Equity Factor ETF 0.1 20 46 6.6 +1.3
STXM Strive Mid-Cap ETF 0.1 18 48 6.3 +1.1
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.3 +1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 7.8 +2.5
AVIV Avantis International Large Cap Value ETF 0.1 25 41 8.3 +3.0
DFIV Dimensional International Value ETF 0.1 27 39 8.9 +3.7
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.6 +3.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 46 5.4 +0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 7.4 +2.2
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 6.0 +0.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 5.4 +0.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 9.4 +4.1
VIS Vanguard Industrials ETF 0.1 9 57 4.5 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 48 7.8 +2.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 8 7.1 +1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.8 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 10.4 +5.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 7.5 +2.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 8.9 +3.6
ACWI iShares MSCI ACWI ETF 0.1 32 34 5.3 +0.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -1 9.9 +4.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 54 7.3 +2.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 46 5.7 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 6.4 +1.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 41 5.3 +0.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 5.3 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 4.4 -0.9
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 46 6.8 +1.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 1 7.8 +2.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 9.5 +4.2
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 7.3 +2.1
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 46 8.2 +2.9
SMMD iShares Russell 2500 ETF 0.0 15 51 6.7 +1.4
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 5.8 +0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 24 5.2 -0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 57 5.1 -0.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 3.7 -1.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 8.4 +3.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.0 58 8 7.0 +1.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.7 +0.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 48 5.2 -0.0
EMLP First Trust North American Energy Infrastructure Fund 0.0 95 -29 6.0 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 12.8 +7.5
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.9 -0.4
URTH iShares MSCI World ETF 0.0 24 42 4.9 -0.4
EBI Longview Advantage ETF 0.0 35 31 6.7 +1.4
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 7.9 +2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 5.5 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 9.2 +3.9
REVS Columbia Research Enhanced Value ETF 0.0 19 47 7.7 +2.4
AVUS Avantis U.S. Equity ETF 0.0 15 51 5.7 +0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.0 50 16 10.2 +4.9
PFM Invesco Dividend Achievers ETF 0.0 53 13 5.3 +0.0
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 7.1 +1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 8.4 +3.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 5.0 -0.3
IWR iShares Russell Midcap ETF 0.0 19 47 6.2 +0.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.9 -0.4
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.8 -0.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.8 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.8 -0.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.7 -0.5
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 5.0 -0.3
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.8 -0.5
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.8 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 27 6.7 +1.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 49 7.0 +1.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 51 4.6 -0.7
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.7 +0.4
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 48 6.8 +1.6
AVMV Avantis U.S. Mid Cap Value ETF 0.0 20 46 8.8 +3.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.0 10 56 6.7 +1.4
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 6.4 +1.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 7.2 +1.9
IWV iShares Russell 3000 ETF 0.0 20 46 4.7 -0.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.9 -1.4
DIVB iShares Core Dividend ETF 0.0 5 61 8.2 +2.9
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 11.7 +6.4
VEGN US Vegan Climate ETF 0.0 60 6 4.5 -0.8
IUSV iShares Core S&P US Value ETF 0.0 4 62 6.4 +1.1
STXV Strive 1000 Value ETF 0.0 18 48 8.1 +2.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 7.0 +1.7
SCHK Schwab 1000 Index ETF 0.0 5 61 4.9 -0.4
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 6.3 +1.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 6.5 +1.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.8 -0.5
AVUQ Avantis U.S. Quality ETF 0.0 15 51 4.4 -0.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 7.9 +2.7
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 4.1 -1.2
IWD iShares Russell 1000 Value ETF 0.0 19 47 6.4 +1.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 6.5 +1.2
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.9 -0.4
IWB iShares Russell 1000 ETF 0.0 15 51 4.8 -0.5
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.7 -0.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.9 -0.4
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 41 9.6 +4.3
FEM First Trust Emerging Markets AlphaDEX Fund 0.0 80 -14 11.4 +6.2

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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 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.