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
2.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 08, 2021 |
| Assets (mns) | $2 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Principals-based |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DONG ENERGY A/S | 12.6 % |
| NORTHLAND POWER INC | 10.1 % |
| VESTAS WIND SYSTEMS A/S | 7.3 % |
| CHINA LONGYUAN POWER GROUP-H | 7.2 % |
| MING YANG SMART ENERGY GROUP LIMITED CLA | 6.1 % |
| CECEP WIND-POWER CORP CLASS A | 5.1 % |
| BORALEX INC -CL 'A' | 4.9 % |
| NORDEX AG | 4.1 % |
| CADELER A/S | 3.8 % |
| TERNA ENERGY SA | 3.8 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 591 |
| Wgt avg mkt cap (mns) | $6,999 |
| Large cap (>$10bn) | 21.0% |
| Mid cap ($2-10bn) | 52.3% |
| Small cap (<$2bn) | 24.8% |
| Developed mkts. | 53.7% |
| Emerging mkts. | 46.3% |
Country Exposure
 |
CHINA | 38.5 % |
 |
DENMARK | 23.6 % |
 |
CANADA | 17.9 % |
 |
GERMANY | 4.1 % |
 |
GREECE | 3.8 % |
 |
SPAIN | 3.4 % |
 |
TAIWAN | 3.0 % |
 |
INDIA | 2.8 % |
 |
SOUTH KOREA | 2.5 % |
 |
TURKEY | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -6.6% | 9.2% | -10.4% | -20.9% | -- | -- | -18.8% | Volatility | 23.7% | 24.3% | 22.8% | 25.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 32% |
| MSCI EAFE | 1.04 | 52% |
| MSCI Emg Mkts | 1.03 | 50% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $616 |
Technical Indicators
| Recent close | $11.42 |
| 30d moving avg. | $12.78 |
| Annualized volatility | 25.5% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 8.1% |
| 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
| Ticker | Fund Name | Overlap vs. WNDY |
Expenses vs. WNDY |
ALTAR Score™ vs. WNDY |
|---|---|---|---|---|
| FAN | First Trust Global Wind Energy ETF | 42.1% | +10 bp | -0.5% |
| FRNW | Fidelity Clean Energy ETF | 24.3% | -11 bp | -3.5% |
| RNRG | Global X Renewable Energy Producers ETF | 18.8% | +16 bp | -0.5% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 16.4% | +25 bp | +1.8% |
| ICLN | iShares Global Clean Energy ETF | 13.4% | -9 bp | -0.1% |
| CTEC | Global X CleanTech ETF | 10.6% | 0 bp | -3.2% |
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 | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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™
WNDY
6.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. WNDY's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places WNDY in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WNDYSELL
U/W
HOLD
O/W
BUY
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 | 39 |
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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .