WNDY

Global X Wind Energy ETF

WNDY invests in companies positioned to benefit from the advancement of the global wind energy industry.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

50 bp

EXPENSES

$2.2 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateSep 08, 2021
Assets (mns)$2
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionPrincipals-based
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
DONG ENERGY A/S 12.2 %
NORTHLAND POWER INC 11.1 %
VESTAS WIND SYSTEMS A/S 10.7 %
CHINA LONGYUAN POWER GROUP-H 7.4 %
BORALEX INC -CL 'A' 4.9 %
NORDEX AG 4.5 %
CECEP WIND-POWER CORP CLASS A 4.3 %
MING YANG SMART ENERGY GROUP LIMITED CLA 4.2 %
CENTURY IRON & STEEL INDUSTRIAL CO., LTD 3.8 %
CADELER A/S 3.6 %
Constituent Breakdown
Number of holdings28
Herfindahl-Hirschman Index 623
Wgt avg mkt cap (mns)$7,250
Large cap (>$10bn)21.9%
Mid cap ($2-10bn)53.1%
Small cap (<$2bn)23.3%
Developed mkts.57.0%
Emerging mkts.43.0%
Country Exposure
CHINA 31.2 %
DENMARK 26.5 %
CANADA 19.2 %
GERMANY 4.5 %
TAIWAN 3.8 %
GREECE 3.5 %
SPAIN 3.2 %
SOUTH KOREA 3.1 %
INDIA 2.6 %
SWEDEN 1.3 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -10.3% -22.3% -20.3% -- -- -- -22.0%
Volatility 21.8% 23.0% 22.9% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8436%
MSCI EAFE1.0756%
MSCI Emg Mkts0.9947%
Liquidity Measures
Avg. volume (000)2
Turnover1.1%
Avg. Bid/Ask (% of price)0.39%
ADV of underlying (mns)$568
Technical Indicators
Recent close$12.24
30d moving avg.$12.32
Annualized volatility25.8%
Relative strength (RSI)57
Short interest (ETF)2.6%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Risk and Returns: WNDY vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.1 12.1 1.5 2.9% --
Based on closing prices from 7/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
WNDY



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

WNDY

5.4%

Cat. Avg

4.0%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.4%
Recommendation

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.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.8%. WNDY's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places WNDY in the 61st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
WNDY
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
WNDY (50 bp) Percentile rank 38
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
WNDY 50.0 38.9 88.9
Peer Avg. 56.7 40.3 97.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .