Global X Renewable Energy Producers ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 22.8x P/Sales
ratio		 2.0x
P/BV
ratio		 1.2x Div.
yield		 3.6%


  • 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
ENLIGHT RENEWABLE ENERGY LTD 8.2 %
ORSTED 6.6 %
EDP RENOVAVEIS SA 6.0 %
MERIDIAN ENERGY LTD 5.7 %
AXIA ENERGIA 5.5 %
BROOKFIELD RENEWABLE PARTNERS LP 5.4 %
VERBUND AG 5.1 %
ORMAT TECHNOLOGIES INC 4.6 %
ENERGIX-RENEWABLE ENERGIES LTD. 4.3 %
ENGIE BRASIL ENERGIA S.A. 4.2 %
Total 55.6 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 14.0 %
ISRAEL 12.5 %
SPAIN 11.4 %
UNITED STATES 10.8 %
BRAZIL 9.7 %
DENMARK 6.6 %
BERMUDA 5.4 %
CANADA 5.2 %
AUSTRIA 5.1 %
CHINA 3.4 %

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.
18.5% 43.6% -2.5% 4.6% 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 30%
MSCI EAFE 0.66 39%
MSCI Emg. Mkts. 0.48 37%

Technical Indicators
Recent close $37.89
30d moving avg. $38.58
Annualized volatility 121.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.2%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $3,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 429 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™: 4.3%


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 32.2 39 27 1.7 -2.5
ACES ALPS Clean Energy ETF 20.6 55 11 -2.5 -6.7
TAN Invesco Solar ETF 19.7 67 -1 3.8 -0.5
PBD Invesco Global Clean Energy ETF 15.0 75 -9 0.2 -4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 13.5 75 -9 6.0 +1.8
ENZL iShares MSCI New Zealand ETF 12.9 50 16 3.9 -0.4
VCLN Virtus Duff & Phelps Clean Energy ETF 12.7 59 7 2.2 -2.1
ICLN iShares Global Clean Energy ETF 11.0 41 25 1.7 -2.6
ITEQ BlueStar Israel Technology ETF 10.4 75 -9 1.1 -3.2
SMOG VanEck Low Carbon Energy ETF 9.0 61 5 1.2 -3.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.6 79 -13 3.6 -0.6
CCSO Carbon Collective Climate Solutions US Equity ETF 6.1 35 31 0.9 -3.4
IMOM Alpha Architect International Quantitative Momentum ETF 6.1 49 17 4.2 -0.1
ERTH Invesco MSCI Sustainable Future ETF 5.7 62 4 3.0 -1.3
CNRG State Street SPDR S&P Kensho Clean Power ETF 5.6 45 21 -0.1 -4.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.4 58 8 -1.7 -6.0
CCNR ALPS CoreCommodity Natural Resources ETF 4.7 39 27 8.1 +3.8
PBW Invesco WilderHill Clean Energy ETF 4.6 66 0 -2.7 -6.9
ISRA VanEck Israel ETF 4.4 59 7 5.9 +1.6
EWO iShares MSCI Austria ETF 4.2 50 16 7.6 +3.3
PID Invesco International Dividend Achievers ETF 4.1 53 13 4.0 -0.2
EIS iShares MSCI Israel ETF 3.8 58 8 6.4 +2.2
EDEN iShares MSCI Denmark ETF 3.6 53 13 6.4 +2.2
FLBR Franklin FTSE Brazil ETF 3.4 19 47 12.2 +8.0
FPWR First Trust EIP Power Solutions ETF 3.2 96 -30 4.3 +0.0
DTEC ALPS Disruptive Technologies ETF 3.2 50 16 3.6 -0.7
EWZ iShares MSCI Brazil ETF 3.1 58 8 11.2 +6.9
OCEN IQ Clean Oceans ETF 3.1 45 21 4.6 +0.3
KGRN KraneShares MSCI China Clean Technology Index ETF 2.8 79 -13 3.4 -0.9
JIVE JPMorgan International Value ETF 2.6 55 11 8.4 +4.1
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF 2.5 29 37 3.7 -0.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.5 55 11 4.5 +0.3
FXU First Trust Utilities AlphaDEX Fund 2.5 64 2 5.3 +1.0
EVX VanEck Environmental Services ETF 2.1 55 11 4.1 -0.2
PUI Invesco Dorsey Wright Utilities Momentum ETF 2.1 60 6 4.4 +0.2
DIV Global X SuperDividend US ETF 2.0 45 21 9.8 +5.5
FLLA Franklin FTSE Latin America ETF 2.0 19 47 10.9 +6.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 6 10.7 +6.5
SDG iShares MSCI Global Sustainable Development Goals ETF 1.8 49 17 4.5 +0.2
IDX VanEck Indonesia Index ETF 1.8 57 9 11.0 +6.8
EMIF iShares Emerging Markets Infrastructure ETF 1.7 60 6 2.9 -1.4
PSCI Invesco S&P SmallCap Industrials ETF 1.7 29 37 4.6 +0.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 1.6 30 36 13.7 +9.5
EMLP First Trust North American Energy Infrastructure Fund 1.5 95 -29 4.6 +0.4
GVAL Cambria Global Value ETF 1.5 68 -2 9.0 +4.7
ILF iShares Latin America 40 ETF 1.5 48 18 10.0 +5.7
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.4 49 17 4.5 +0.3
DBSC Deepwater Beachfront Small Cap ETF 1.4 85 -19 1.1 -3.1
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.4 59 7 4.3 +0.1
AVDV Avantis International Small Cap Value ETF 1.4 36 30 7.7 +3.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.3 20 46 0.8 -3.5
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 6 7.8 +3.5
OAIM OneAscent International Equity ETF 1.3 95 -29 4.7 +0.4
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 41 6.9 +2.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.3 70 -4 2.1 -2.2
JXI iShares Global Utilities ETF 1.2 43 23 5.2 +0.9
SIXS ETC 6 Meridian Small Cap Equity ETF 1.2 89 -23 8.1 +3.8
AVDS Avantis International Small Cap Equity ETF 1.2 30 36 6.0 +1.8
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.2 35 31 6.3 +2.1
ZAP Global X U.S. Electrification ETF 1.2 50 16 3.4 -0.9
CLNR IQ Cleaner Transport ETF 1.1 45 21 3.9 -0.3
FDEV Fidelity International Multifactor ETF 1.1 18 48 7.3 +3.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.1 80 -14 5.6 +1.4
DISV Dimensional International Small Cap Value ETF 1.1 42 24 8.1 +3.9
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 1.1 59 7 8.5 +4.2
TRFM AAM Transformers ETF 1.1 49 17 1.0 -3.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.1 35 31 9.0 +4.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 31 7.2 +2.9
ETHO Etho Climate Leadership U.S. ETF 1.0 47 19 4.2 -0.0
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 1.0 15 51 3.7 -0.5
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 48 3.7 -0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.0 52 14 5.1 +0.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.0 45 21 9.7 +5.4
WDNA WisdomTree BioRevolution Fund 1.0 45 21 -2.2 -6.5
FPXI First Trust International Equity Opportunities ETF 1.0 70 -4 3.7 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 37 8.9 +4.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -14 12.2 +7.9
WWJD Inspire International ETF 1.0 80 -14 6.4 +2.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.9 63 3 10.3 +6.0
WDIV SPDR S&P Global Dividend ETF 0.9 40 26 9.1 +4.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.9 31 35 5.6 +1.3
EIPX FT Energy Income Partners Strategy ETF 0.9 95 -29 5.8 +1.5
EIDO iShares MSCI Indonesia ETF 0.9 59 7 12.0 +7.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 10 56 3.7 -0.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 41 7.7 +3.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.9 40 26 6.1 +1.9
FEUZ First Trust Eurozone AlphaDEX ETF 0.8 80 -14 6.4 +2.2
VPU Vanguard Utilities ETF 0.8 9 57 4.9 +0.7
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 7 10.2 +5.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.8 35 31 6.6 +2.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.8 59 7 7.4 +3.1
EIPI FT Energy Income Partners Enhanced Income ETF 0.8 110 -44 5.4 +1.1
UIVM VictoryShares International Value Momentum ETF 0.8 35 31 8.2 +4.0
IWN iShares Russell 2000 Value ETF 0.7 24 42 4.8 +0.5
DFIS Dimensional International Small Cap ETF 0.7 39 27 6.1 +1.9
VTWV Vanguard Russell 2000 Value ETF 0.7 10 56 5.0 +0.7
KNO AXS Knowledge Leaders ETF 0.7 78 -12 4.0 -0.2
XSLV Invesco S&P SmallCap Low Volatility ETF 0.7 25 41 7.4 +3.1
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 24 6.7 +2.4
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.7 60 6 6.6 +2.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 0.7 75 -9 6.4 +2.1
NORW Global X MSCI Norway ETF 0.7 50 16 7.6 +3.4
FUTY Fidelity MSCI Utilities Index ETF 0.7 8 58 4.9 +0.7
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -23 4.3 +0.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.7 80 -14 9.3 +5.1
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 27 3.6 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 27 6.8 +2.6
FLN First Trust Latin America AlphaDEX Fund 0.6 80 -14 10.4 +6.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 62 5.2 +1.0
SCHC Schwab International Small-Cap Equity ETF 0.6 11 55 6.7 +2.4
ENOR iShares MSCI Norway ETF 0.6 53 13 7.6 +3.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 54 6.2 +1.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 17 6.1 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -4 6.7 +2.4
MJSC MUFG Japan Small Cap Active ETF 0.6 85 -19 4.6 +0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 6 6.2 +2.0
POWR iShares U.S. Power Infrastructure ETF 0.6 40 26 3.9 -0.4
HAP VanEck Natural Resources ETF 0.6 50 16 6.8 +2.5
TTAI FCF International Quality ETF 0.6 59 7 6.8 +2.5
JHSC John Hancock Multifactor Small Cap ETF 0.6 42 24 6.0 +1.7
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 14 6.6 +2.4
WCEO Hypatia Women CEO ETF 0.5 85 -19 4.7 +0.4
AVSD Avantis Responsible International Equity ETF 0.5 23 43 6.0 +1.7
WSML iShares MSCI World Small-Cap ETF 0.5 15 51 5.3 +1.1
ECNS iShares MSCI China Small-Cap ETF 0.5 59 7 9.2 +4.9
PSC Principal U.S. Small-Cap ETF 0.5 38 28 3.7 -0.6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 63 6.4 +2.1
IJR iShares Core S&P Small Cap ETF 0.5 6 60 6.3 +2.1
RCGE RockCreek Global Equality ETF 0.5 95 -29 6.2 +1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 58 6.3 +2.1
FEP First Trust Europe AlphaDEX Fund 0.5 80 -14 6.8 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -4 3.8 -0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 54 4.4 +0.2
DWMF WisdomTree International Multifactor Fund 0.5 38 28 7.0 +2.7
BLES Inspire Global Hope ETF 0.5 61 5 5.7 +1.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 54 5.3 +1.0
DXIV Dimensional International Vector Equity ETF 0.5 34 32 6.6 +2.3
GINN Goldman Sachs Innovate Equity ETF 0.5 52 14 3.7 -0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -14 6.7 +2.4
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -14 6.0 +1.8
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 49 4.0 -0.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.5 10 56 4.1 -0.2
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.5 15 51 4.1 -0.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 27 2.3 -2.0
TPIF Timothy Plan International ETF 0.5 62 4 5.6 +1.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 6 -0.9 -5.2
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 28 8.2 +3.9
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 19 5.1 +0.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 59 6.2 +2.0
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 41 6.5 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 42 5.7 +1.4
INTF iShares International Equity Factor ETF 0.4 15 51 6.5 +2.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 42 7.1 +2.9
HAPS Harbor Human Capital Factor US Small Cap ETF 0.4 60 6 3.4 -0.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.4 6 60 2.7 -1.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 46 5.8 +1.5
POW VistaShares Electrification Supercycle ETF 0.4 75 -9 2.0 -2.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 49 4.9 +0.7
AVES Avantis Emerging Markets Value ETF 0.4 36 30 8.9 +4.7
AVDE Avantis International Equity ETF 0.4 23 43 6.2 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 27 7.0 +2.7
FDMO Fidelity Momentum Factor ETF 0.4 15 51 2.5 -1.8
BKF iShares MSCI BIC ETF 0.4 69 -3 14.9 +10.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 2 1.3 -3.0
SCHA Schwab U.S. Small-Cap ETF 0.4 4 62 4.4 +0.1
GWX SPDR S&P International Small Cap ETF 0.4 40 26 5.9 +1.6
RSSL Global X Russell 2000 ETF 0.4 8 58 2.7 -1.6
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -9 8.2 +4.0
IWM iShares Russell 2000 ETF 0.4 19 47 2.6 -1.6
DTH WisdomTree International High Dividend Fund 0.4 58 8 7.4 +3.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 27 3.5 -0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 46 5.7 +1.4
EES WisdomTree U.S. SmallCap Fund 0.3 38 28 7.9 +3.6
THD iShares MSCI Thailand ETF 0.3 58 8 0.0 -4.3
DFAS Dimensional U.S. Small Cap ETF 0.3 26 40 5.6 +1.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 51 6.7 +2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 17 13.4 +9.2
VTWO Vanguard Russell 2000 ETF 0.3 7 59 2.8 -1.5
FSMD Fidelity Small-Mid Multifactor ETF 0.3 15 51 6.5 +2.2
IDU iShares U.S. Utilities ETF 0.3 40 26 4.5 +0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -13 7.5 +3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 16 8.1 +3.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 42 6.9 +2.7
DFIC Dimensional International Core Equity 2 ETF 0.3 23 43 6.3 +2.0
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 41 8.3 +4.0
XT iShares Exponential Technologies ETF 0.3 46 20 3.8 -0.4
FESM Fidelity Enhanced Small Cap ETF 0.3 28 38 2.3 -2.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 11 5.7 +1.5
DIM WisdomTree International MidCap Dividend Fund 0.3 58 8 6.4 +2.1
XC WisdomTree Emerging Markets Ex-China Fund 0.3 32 34 6.6 +2.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 51 6.2 +2.0
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -29 -0.5 -4.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 54 5.9 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 62 6.0 +1.8
IEFA iShares Core MSCI EAFE ETF 0.3 7 59 6.1 +1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 57 7.8 +3.5
ISCB iShares Morningstar Small-Cap ETF 0.3 4 62 5.4 +1.1
DFAI Dimensional International Core Equity Market ETF 0.3 18 48 6.1 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.3 14 52 5.3 +1.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 51 8.8 +4.6
NUSC Nuveen ESG Small-Cap ETF 0.3 31 35 4.9 +0.6
STXM Strive Mid-Cap ETF 0.2 18 48 5.8 +1.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 43 5.9 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 17 7.5 +3.3
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 41 4.7 +0.4
IEUR iShares Core MSCI Europe ETF 0.2 11 55 6.4 +2.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 41 6.1 +1.9
IJH iShares Core S&P Mid-Cap ETF 0.2 5 61 6.1 +1.8
DFSV Dimensional US Small Cap Value ETF 0.2 31 35 8.8 +4.6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 63 6.1 +1.8
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 59 6.0 +1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 27 7.4 +3.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 43 7.3 +3.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 46 5.6 +1.4
CIL VictoryShares International Volatility Wtd ETF 0.2 45 21 5.8 +1.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 57 6.6 +2.3
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 31 4.2 -0.1
VBK Vanguard Small-Cap Growth ETF 0.2 7 59 1.2 -3.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 46 6.1 +1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.2 45 21 5.6 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 59 5.3 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 37 6.4 +2.1
IQSI IQ Candriam International Equity ETF 0.2 15 51 5.6 +1.3
VEA Vanguard FTSE Developed Markets ETF 0.2 3 63 6.0 +1.7
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 59 6.6 +2.3
SMMD iShares Russell 2500 ETF 0.2 15 51 5.5 +1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 46 4.0 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 42 5.2 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 63 5.8 +1.6
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 51 6.1 +1.8
EFV iShares MSCI EAFE Value ETF 0.2 34 32 7.6 +3.4
VGK Vanguard FTSE Europe ETF 0.2 6 60 6.6 +2.3
SPEU SPDR Portfolio Europe ETF 0.2 7 59 6.5 +2.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.2 19 47 5.5 +1.3
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 8 7.5 +3.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 48 6.9 +2.6
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 54 6.7 +2.5
VXUS Vanguard Total International Stock ETF 0.2 5 61 6.7 +2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 36 6.4 +2.2
VB Vanguard Small-Cap ETF 0.2 5 61 5.2 +0.9
VEXC Vanguard Emerging Markets Ex-China ETF 0.2 7 59 5.7 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 46 5.9 +1.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 42 5.9 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 0 7.2 +2.9
VXF Vanguard Extended Market ETF 0.2 5 61 3.7 -0.5
VYMI Vanguard International High Dividend Yield ETF 0.2 17 49 8.1 +3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 51 5.7 +1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.2 80 -14 6.9 +2.6
BKIE BNY Mellon International Equity ETF 0.2 4 62 6.0 +1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.2 46 20 5.5 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 21 8.1 +3.8
ISMD Inspire Small/Mid Cap ETF 0.2 54 12 5.0 +0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.2 22 44 5.8 +1.5
SCHF Schwab International Equity ETF 0.2 6 60 6.0 +1.7
DWM WisdomTree International Equity Fund 0.2 48 18 5.7 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 34 4.8 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 24 4.1 -0.2
ROSC Hartford Multifactor Small Cap ETF 0.2 34 32 7.2 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 62 6.7 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 27 6.2 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 46 4.7 +0.5
VBR Vanguard Small Cap Value ETF 0.2 7 59 7.9 +3.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 46 5.7 +1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 30 7.6 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 55 7.9 +3.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 26 5.7 +1.5
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 57 6.2 +2.0
FLEE Franklin FTSE Europe ETF 0.2 9 57 6.3 +2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 7 8.6 +4.3
SCHE Schwab Emerging Markets Equity ETF 0.2 11 55 9.5 +5.3
STXK Strive Small-Cap ETF 0.2 18 48 5.2 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 41 5.1 +0.8
STXE Strive Emerging Markets Ex-China ETF 0.2 32 34 5.2 +0.9
VWO Vanguard FTSE Emerging Markets ETF 0.2 7 59 9.2 +4.9
EFA iShares MSCI EAFE ETF 0.2 35 31 5.8 +1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 24 7.6 +3.3
QINT American Century Quality Diversified International ETF 0.2 39 27 6.6 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 25 6.0 +1.7
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 31 5.8 +1.5
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 38 8.6 +4.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.1 20 46 8.6 +4.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 36 8.0 +3.8
IPKW Invesco International BuyBack Achievers ETF 0.1 55 11 8.2 +3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 27 13.7 +9.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 30 5.4 +1.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 57 3.7 -0.5
AFK VanEck Africa Index ETF 0.1 98 -32 11.2 +7.0
EEM iShares MSCI Emerging Markets ETF 0.1 69 -3 7.8 +3.6
IPAC iShares Core MSCI Pacific ETF 0.1 9 57 5.5 +1.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 69 -3 7.4 +3.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 32 6.4 +2.1
GXC SPDR S & P China ETF 0.1 59 7 18.6 +14.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 48 6.4 +2.1
DEW WisdomTree Global High Dividend Fund 0.1 58 8 7.2 +3.0
EZU iShares MSCI Eurozone ETF 0.1 52 14 5.6 +1.4
IEV iShares Europe ETF 0.1 67 -1 5.9 +1.6
HEZU iShares Currency Hedged MSCI Eurozone ETF 0.1 53 13 5.5 +1.2
VSGX Vanguard ESG International Stock ETF 0.1 10 56 6.6 +2.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 36 6.5 +2.3
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 57 8.2 +3.9
DXUV Dimensional US Vector Equity ETF 0.1 28 38 5.2 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 31 7.0 +2.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 60 7.8 +3.5
JHMD John Hancock Multifactor Developed International ETF 0.1 39 27 6.2 +2.0
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 18 5.7 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 37 7.0 +2.8
DFIV Dimensional International Value ETF 0.1 27 39 7.8 +3.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 36 6.2 +2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 54 4.9 +0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 37 5.4 +1.2
DIHP Dimensional International High Profitability ETF 0.1 29 37 5.8 +1.5
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 43 5.4 +1.1
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 48 6.0 +1.7
VPL Vanguard FTSE Pacific ETF 0.1 7 59 5.3 +1.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 46 5.8 +1.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 30 3.8 -0.5
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 36 8.1 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 36 7.6 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 28 7.0 +2.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 33 7.0 +2.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 8 8.4 +4.2
AVIV Avantis International Large Cap Value ETF 0.1 25 41 7.0 +2.7
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 56 5.0 +0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 30 6.1 +1.8
FLCH Franklin FTSE China ETF 0.1 19 47 18.0 +13.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 25 6.9 +2.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 46 6.0 +1.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 36 5.5 +1.3
GLOF iShares Global Equity Factor ETF 0.1 20 46 5.6 +1.3
MCHI iShares MSCI China ETF 0.1 59 7 20.2 +16.0
VT Vanguard Total World Stock ETF 0.1 6 60 5.0 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 34 7.4 +3.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 31 5.7 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 21 6.8 +2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 37 5.6 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 53 1.7 -2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 56 8.6 +4.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 41 7.4 +3.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 17 8.6 +4.3
IGF iShares Global Infrastructure ETF 0.1 41 25 4.2 -0.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 31 10.0 +5.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 49 4.7 +0.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 26 4.3 +0.0
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 46 7.3 +3.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 51 8.0 +3.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 24 4.0 -0.2
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 41 5.5 +1.2
FENI Fidelity Enhanced International ETF 0.1 28 38 5.8 +1.6
EZM WisdomTree U.S. MidCap Fund 0.1 38 28 8.0 +3.7
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 41 8.0 +3.7
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 48 4.6 +0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 1 6.5 +2.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -4 6.5 +2.2
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 56 6.1 +1.8
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 49 6.4 +2.2
REVS Columbia Research Enhanced Value ETF 0.1 19 47 6.6 +2.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 57 4.4 +0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 32 5.2 +0.9
DCOR Dimensional US Core Equity 1 ETF 0.1 14 52 4.6 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 59 9.5 +5.2
VIS Vanguard Industrials ETF 0.1 9 57 3.6 -0.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 36 4.7 +0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 41 6.3 +2.1
IGRO iShares International Dividend Growth ETF 0.1 15 51 6.8 +2.5
ACWI iShares MSCI ACWI ETF 0.1 32 34 4.6 +0.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 33 6.6 +2.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.0 20 46 5.7 +1.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 44 6.1 +1.8
IWS iShares Russell Mid-Cap Value ETF 0.0 23 43 6.0 +1.8
LDEM iShares ESG MSCI EM Leaders ETF 0.0 17 49 12.9 +8.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 27 7.8 +3.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 45 2.9 -1.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 54 6.2 +1.9
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 58 3.6 -0.7
TOK iShares MSCI Kokusai ETF 0.0 26 40 4.3 +0.0
EBI Longview Advantage ETF 0.0 35 31 5.9 +1.7
SCHD Schwab US Dividend Equity ETF 0.0 6 60 8.0 +3.8
IWR iShares Russell Midcap ETF 0.0 19 47 5.4 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 36 5.2 +0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 57 4.9 +0.6
URTH iShares MSCI World ETF 0.0 24 42 4.3 +0.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 17 7.5 +3.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 8 3.4 -0.9
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 50 6.7 +2.5
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 16 5.6 +1.3
STXD Strive 1000 Dividend Growth ETF 0.0 35 31 4.4 +0.2
DFAU Dimensional US Core Equity Market ETF 0.0 12 54 4.3 +0.0
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 51 4.9 +0.6
RECS Columbia Research Enhanced Core ETF 0.0 15 51 5.3 +1.0
AVUS Avantis U.S. Equity ETF 0.0 15 51 4.7 +0.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 33 6.1 +1.8
PFM Invesco Dividend Achievers ETF 0.0 53 13 4.6 +0.4
DFUS Dimensional U.S. Equity ETF 0.0 9 57 4.1 -0.2
DSI iShares MSCI KLD 400 Social ETF 0.0 25 41 4.1 -0.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 63 4.2 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 63 4.1 -0.2
IWV iShares Russell 3000 ETF 0.0 20 46 4.0 -0.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 13 5.1 +0.8
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 62 3.1 -1.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 63 4.3 +0.1
VTHR Vanguard Russell 3000 ETF 0.0 7 59 4.1 -0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -4 6.9 +2.6
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 57 4.1 -0.2
VTI Vanguard Total Stock Market ETF 0.0 3 63 4.1 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 41 6.2 +2.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 41 4.9 +0.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 32 5.6 +1.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 38 5.7 +1.4
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 24 5.4 +1.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 54 5.4 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 47 7.1 +2.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 41 6.1 +1.9
DIVB iShares Core Dividend ETF 0.0 5 61 6.9 +2.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 54 3.6 -0.7
DFEV Dimensional Emerging Markets Value ETF 0.0 43 23 9.4 +5.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 60 6.0 +1.8
IWD iShares Russell 1000 Value ETF 0.0 19 47 5.4 +1.1
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 48 0.0 -4.3
SCHK Schwab 1000 Index ETF 0.0 5 61 4.2 -0.0
STXV Strive 1000 Value ETF 0.0 18 48 6.8 +2.5
VEGN US Vegan Climate ETF 0.0 60 6 3.3 -1.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 55 4.1 -0.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 51 4.2 -0.1
VONV Vanguard Russell 1000 Value ETF 0.0 7 59 5.5 +1.2
IWB iShares Russell 1000 ETF 0.0 15 51 4.1 -0.1
IYY iShares Dow Jones U.S. ETF 0.0 20 46 4.1 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 25 4.8 +0.5
VONE Vanguard Russell 1000 ETF 0.0 7 59 4.2 -0.1
STXG Strive 1000 Growth ETF 0.0 18 48 3.2 -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 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 4.3 %
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.