Themes Silver Miners ETF
ALTAR
Score™		 4.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 28.0x P/Sales
ratio		 2.7x
P/BV
ratio		 3.0x Div.
yield		 0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Silver Miners ETF seeks to provide investment results that correspond to the performance of companies engaged in silver mining and related activities.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/AGMI/
Inception date May 02, 2024
Assets (mns) $4
Currency USD
Expense ratio 35 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $21,782
Large cap (>$10bn) 50.1%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 20.4%
Developed mkts 74.7%
Emerging mkts 25.3%

TOP TEN HOLDINGS
NEWMONT MINING CORP 10.5 %
ZIJIN MINING GROUP CO LTD-H 9.0 %
FRANCO-NEVADA CORP 8.9 %
SILVER WHEATON CORP 6.9 %
HECLA MINING CO 6.2 %
COEUR D'ALENE MINES CORP 5.6 %
INDUSTRIAS PENOLES SAB DE CV 5.2 %
FRESNILLO PLC 5.1 %
SSR MINING INC 4.3 %
FIRST MAJESTIC SILVER CORP 4.3 %
Total 66.1 %

TOP COUNTRY EXPOSURE
CANADA 50.2 %
UNITED STATES 21.2 %
BRITAIN 10.0 %
MEXICO 8.9 %
CHINA 6.5 %
POLAND 2.1 %
AUSTRALIA 0.7 %
HONG KONG 0.2 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
120.1% 85.6% -- -- 71.9%

Market Correlations
versus... Beta R-squared
S&P500 0.24 1%
MSCI EAFE 0.08 0%
MSCI Emg. Mkts. -0.65 3%

Technical Indicators
Recent close $59.03
30d moving avg. $50.40
Annualized volatility 37.7%
Short interest (ETF) 22.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 4
Turnover 5.7%
Bid/Ask (% of price) 0.95%
ADV underlying (mns) $792

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 454 potential alternatives to the Themes Silver Miners ETF ETF based on the alternatives' overlap in portfolio holdings with AGMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AGMI Expense: 35 bp ALTAR Score™: 4.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AGMI
Ticker Fund
Name		 Overlap1
vs AGMI
(%)		 Expense
ratio
(bp)		 Savings
vs AGMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AGMI
(%)
SLVP iShares MSCI Global Silver Miners ETF 40.1 39 -4 4.9 +0.9
SILJ ETFMG Prime Junior Silver Miners ETF 36.2 69 -34 1.6 -2.4
SIL Global X Silver Miners ETF 31.2 65 -30 2.2 -1.8
SGDM Sprott Gold Miners ETF 28.4 50 -15 2.6 -1.4
RING iShares MSCI Global Gold Miners ETF 27.1 39 -4 3.5 -0.5
COPX Global X Copper Miners ETF 22.1 65 -30 5.8 +1.8
GOEX Global X Gold Explorers ETF 17.0 65 -30 2.2 -1.8
XME SPDR S&P Metals & Mining ETF 17.0 35 0 5.5 +1.6
GDX VanEck Gold Miners ETF 16.6 51 -16 2.6 -1.3
ICOP iShares Copper and Metals Mining ETF 15.5 47 -12 7.1 +3.1
COPA Themes Copper Miners ETF 13.6 35 0 4.7 +0.7
GDXJ VanEck Junior Gold Miners ETF 13.4 52 -17 3.3 -0.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 12.6 60 -25 5.6 +1.7
EPU iShares MSCI Peru and Global Exposure ETF 12.5 59 -24 5.6 +1.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 12.2 60 -25 3.0 -1.0
NANR SPDR S&P North American Natural Resources ETF 12.0 35 0 7.5 +3.5
IYM iShares U.S. Basic Materials ETF 10.9 40 -5 6.1 +2.1
CVAR Cultivar ETF 10.2 87 -52 6.7 +2.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 9.2 85 -50 8.8 +4.8
FTWO Strive FAANG 2.0 ETF 9.1 49 -14 4.0 +0.0
FXZ First Trust Materials AlphaDEX Fund 7.8 61 -26 10.0 +6.1
MXI iShares Global Materials ETF 7.8 41 -6 7.4 +3.4
VAW Vanguard Materials ETF 7.7 9 26 6.2 +2.3
FMAT Fidelity MSCI Materials Index ETF 7.6 8 27 6.2 +2.3
GNR SPDR S&P Global Natural Resources ETF 7.6 40 -5 10.8 +6.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 6.5 85 -50 3.8 -0.2
XLB Materials Select Sector SPDR Fund 6.4 8 27 6.6 +2.6
GMET VanEck Green Metals ETF 6.1 63 -28 7.2 +3.2
BATT Amplify Lithium & Battery Technology ETF 6.1 59 -24 2.9 -1.1
RJMG FT Raymond James Multicap Growth Equity ETF 6.0 85 -50 1.9 -2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.8 46 -11 9.7 +5.8
RSPM Invesco S&P 500 Equal Weight Materials ETF 5.6 40 -5 8.0 +4.1
TIME Clockwise Core Equity & Innovation ETF 5.1 95 -60 2.8 -1.2
FTRI First Trust Indxx Global Natural Resources Income ETF 5.1 70 -35 7.4 +3.5
FEOE First Eagle Overseas Equity ETF 5.1 79 -44 7.7 +3.7
FLMX Franklin FTSE Mexico ETF 4.8 19 16 10.1 +6.2
DMAT Global X Disruptive Materials ETF 4.6 59 -24 6.2 +2.2
EWW iShares MSCI Mexico ETF 4.4 50 -15 9.8 +5.8
SETM Sprott Energy Transition Materials ETF 4.4 65 -30 1.9 -2.1
FEGE First Eagle Global Equity ETF 4.4 79 -44 6.7 +2.8
ARGT Global X MSCI Argentina ETF 4.3 59 -24 5.2 +1.2
QVAL Alpha Architect US Quantitative Value ETF 4.3 39 -4 9.8 +5.8
EWC iShares MSCI Canada ETF 4.2 50 -15 5.9 +1.9
EPOL iShares MSCI Poland ETF 3.8 59 -24 11.1 +7.1
CCSO Carbon Collective Climate Solutions US Equity ETF 3.7 35 0 0.9 -3.0
PICK iShares MSCI Global Metals & Mining Producers ETF 3.7 39 -4 11.3 +7.3
EV Mast Global Battery Recycling & Production ETF 3.7 65 -30 10.6 +6.6
IGE iShares North American Natural Resources ETF 3.6 41 -6 7.4 +3.4
JCHI JPMorgan Active China ETF 3.4 65 -30 14.8 +10.8
VFLO VictoryShares Free Cash Flow ETF 3.3 39 -4 10.6 +6.6
FKU First Trust United Kingdom AlphaDEX Fund 3.3 80 -45 7.2 +3.3
ION ProShares S&P Global Core Battery Metals ETF 3.2 58 -23 8.1 +4.2
CCNR ALPS CoreCommodity Natural Resources ETF 3.0 39 -4 10.0 +6.0
FLCA Franklin FTSE Canada ETF 2.9 9 26 6.3 +2.3
SGDJ Sprott Junior Gold Miners ETF 2.9 50 -15 3.0 -1.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.8 60 -25 10.8 +6.8
DINT Davis Select International ETF 2.7 55 -20 7.9 +3.9
FTGS First Trust Growth Strength ETF 2.6 60 -25 5.0 +1.0
SDOG ALPS Sector Dividend Dogs ETF 2.6 36 -1 9.5 +5.6
BBCA JPMorgan BetaBuilders Canada ETF 2.6 19 16 6.2 +2.2
LYLD Cambria Large Cap Shareholder Yield ETF 2.6 59 -24 9.7 +5.7
CBSE Clough Select Equity ETF 2.5 85 -50 0.8 -3.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 -44 8.5 +4.5
BIBL Inspire 100 ETF 2.4 35 0 5.0 +1.1
FLOW Global X U.S. Cash Flow Kings 100 ETF 2.3 25 10 11.3 +7.4
IVRA Invesco Real Assets ESG ETF 2.3 59 -24 6.3 +2.3
SPDV AAM S&P 500 High Dividend Value ETF 2.3 29 6 10.6 +6.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.3 45 -10 10.7 +6.8
HAP VanEck Natural Resources ETF 2.2 50 -15 9.1 +5.1
COWZ Pacer US Cash Cows 100 ETF 2.1 49 -14 9.7 +5.7
VFVA Vanguard U.S. Value Factor ETF 2.1 13 22 11.1 +7.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 2.0 65 -30 6.8 +2.9
ECML Euclidean Fundamental Value ETF 2.0 95 -60 11.5 +7.6
ILF iShares Latin America 40 ETF 1.9 48 -13 12.7 +8.7
FXI iShares China Large-Cap ETF 1.9 74 -39 18.4 +14.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.9 25 10 12.6 +8.7
DWLD Davis Select Worldwide ETF 1.9 63 -28 7.2 +3.2
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 1.8 55 -20 7.0 +3.0
RAYC Rayliant Quantamental China Equity ETF 1.8 80 -45 7.3 +3.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -35 13.2 +9.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 6 8.2 +4.2
VOE Vanguard Mid-Cap Value ETF 1.7 7 28 7.6 +3.7
FEP First Trust Europe AlphaDEX Fund 1.7 80 -45 9.1 +5.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.7 71 -36 0.4 -3.6
NUDV Nuveen ESG Dividend ETF 1.7 26 9 7.7 +3.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.6 80 -45 9.4 +5.4
YALL God Bless America ETF 1.6 65 -30 3.5 -0.4
PWV Invesco Large Cap Value ETF 1.6 55 -20 7.1 +3.1
AVIE Avantis  Inflation Focused Equity ETF 1.5 25 10 7.3 +3.4
IMCV iShares Morningstar Mid-Cap Value ETF 1.5 6 29 8.1 +4.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 -6 6.5 +2.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.3 20 15 6.4 +2.4
CHGX AXS Change Finance ESG ETF 1.3 49 -14 4.7 +0.7
ABLD Abacus FCF Real Assets Leaders ETF 1.3 69 -34 7.0 +3.0
KALL KraneShares MSCI All China Index ETF 1.3 49 -14 15.1 +11.1
FLLA Franklin FTSE Latin America ETF 1.3 19 16 12.9 +9.0
SPVM Invesco S&P 500 Value with Momentum ETF 1.3 39 -4 7.6 +3.6
PEXL Pacer US Export Leaders ETF 1.2 60 -25 4.5 +0.5
DVY iShares Select Dividend ETF 1.2 38 -3 9.1 +5.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.2 20 15 10.2 +6.2
PTL Inspire 500 ETF 1.2 9 26 5.1 +1.2
DUSA Davis Select U.S. Equity ETF 1.2 61 -26 7.4 +3.5
FTA First Trust Large Cap Value AlphaDEX Fund 1.2 59 -24 9.0 +5.1
GVLU Gotham 1000 Value ETF 1.1 50 -15 9.0 +5.0
FUNL CornerCap Fundametrics Large-Cap ETF 1.1 50 -15 7.2 +3.3
BLES Inspire Global Hope ETF 1.1 61 -26 6.8 +2.8
FLCH Franklin FTSE China ETF 1.1 19 16 15.5 +11.6
FTHF First Trust Emerging Markets Human Flourishing ETF 1.1 75 -40 7.7 +3.8
IMTM iShares MSCI Intl Momentum Factor ETF 1.0 30 5 5.5 +1.5
VAMO Cambria Value & Momentum ETF 1.0 61 -26 5.7 +1.7
FCA First Trust China AlphaDEX Fund 1.0 80 -45 7.9 +3.9
SPHQ Invesco S&P 500 Quality ETF 1.0 15 20 5.5 +1.6
VO Vanguard Mid-Cap ETF 1.0 4 31 5.8 +1.8
MCH Matthews China Active ETF 1.0 79 -44 13.9 +9.9
MCHI iShares MSCI China ETF 1.0 59 -24 17.1 +13.2
ONEY SPDR Russell 1000 Yield Focus ETF 1.0 20 15 9.8 +5.8
DFLV Dimensional US Large Cap Value ETF 1.0 22 13 7.8 +3.8
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.9 18 17 5.9 +2.0
GXC SPDR S&P China ETF 0.9 59 -24 15.0 +11.1
ISMD Inspire Small/Mid Cap ETF 0.9 54 -19 5.5 +1.6
GVAL Cambria Global Value ETF 0.9 68 -33 10.6 +6.6
GWX SPDR S&P International Small Cap ETF 0.9 40 -5 5.9 +1.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 3 6.7 +2.8
SCHC Schwab International Small-Cap Equity ETF 0.8 11 24 6.5 +2.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 -4 5.8 +1.8
STXK Strive Small-Cap ETF 0.8 18 17 5.8 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.8 33 2 8.4 +4.4
VIGI Vanguard International Dividend Appreciation ETF 0.8 10 25 6.4 +2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.8 18 17 7.7 +3.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.8 49 -14 4.7 +0.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -14 6.9 +2.9
AFLG First Trust Active Factor Large Cap ETF 0.8 55 -20 6.3 +2.3
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.8 20 15 6.5 +2.5
IWN iShares Russell 2000 Value ETF 0.8 24 11 7.1 +3.1
IMCB iShares Morningstar Mid-Cap ETF 0.7 4 31 6.1 +2.1
VTWV Vanguard Russell 2000 Value ETF 0.7 10 25 7.1 +3.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -45 11.3 +7.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 -15 10.9 +6.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.7 61 -26 5.8 +1.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 -14 9.8 +5.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 -14 15.6 +11.6
WWJD Inspire International ETF 0.7 80 -45 7.3 +3.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.7 90 -55 6.9 +2.9
VIDI Vident International Equity Strategy ETF 0.7 61 -26 10.8 +6.9
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 28 10.3 +6.3
CGGR Capital Group Growth ETF 0.7 39 -4 3.1 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 0.7 29 6 7.0 +3.0
SNPV Xtrackers S&P 500 Value ESG ETF 0.7 15 20 6.6 +2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 66 -31 9.1 +5.1
FESM Fidelity Enhanced Small Cap ETF 0.6 28 7 7.0 +3.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 -4 5.2 +1.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 26 4.0 +0.1
DFUV Dimensional US Marketwide Value ETF 0.6 22 13 7.5 +3.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 -4 7.9 +3.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.6 49 -14 9.2 +5.2
VLUE iShares MSCI USA Value Factor ETF 0.6 15 20 9.1 +5.2
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 -30 5.1 +1.1
VTWO Vanguard Russell 2000 ETF 0.6 7 28 4.1 +0.2
IWM iShares Russell 2000 ETF 0.6 19 16 4.1 +0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 31 5.8 +1.8
FLHK Franklin FTSE Hong Kong ETF 0.6 9 26 6.7 +2.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.6 30 5 9.9 +6.0
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 15 6.8 +2.8
FEX First Trust Large Cap Core AlphaDEX Fund 0.6 59 -24 5.9 +1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -32 10.1 +6.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 15 5.5 +1.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 23 5.9 +1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 -4 16.0 +12.0
BKF iShares MSCI BIC ETF 0.6 69 -34 13.5 +9.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 8 27 6.1 +2.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -4 5.8 +1.8
LST Leuthold Select Industries ETF 0.5 91 -56 4.9 +1.0
EEM iShares MSCI Emerging Markets ETF 0.5 69 -34 9.9 +5.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 -3 9.0 +5.0
PRXV Praxis Impact Large Cap Value ETF 0.5 36 -1 6.5 +2.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.5 20 15 7.1 +3.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 1 7.5 +3.6
SGLC SGI U.S. Large Cap Core ETF 0.5 85 -50 4.0 +0.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 -30 11.9 +8.0
ADME Aptus Drawdown Managed Equity ETF 0.5 79 -44 4.1 +0.1
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 5 7.4 +3.5
DFIS Dimensional International Small Cap ETF 0.5 39 -4 7.2 +3.3
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 28 7.7 +3.8
RSSL Global X Russell 2000 ETF 0.5 8 27 4.2 +0.2
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.5 65 -30 6.4 +2.4
SSPY Syntax Stratified LargeCap ETF 0.5 30 5 6.7 +2.7
ECON Columbia Emerging Markets Consumer ETF 0.5 49 -14 11.8 +7.8
IWX iShares Russell Top 200 Value ETF 0.5 20 15 6.2 +2.2
VEA Vanguard FTSE Developed Markets ETF 0.5 3 32 7.1 +3.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 10 8.4 +4.5
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 31 6.9 +2.9
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 29 9.3 +5.4
WLDR Affinity World Leaders Equity ETF 0.5 67 -32 7.5 +3.5
AVSD Avantis Responsible International Equity ETF 0.5 23 12 5.6 +1.6
STXV Strive 1000 Value ETF 0.5 18 17 8.0 +4.0
VXUS Vanguard Total International Stock ETF 0.5 5 30 7.8 +3.8
IQLT iShares MSCI Intl Quality Factor ETF 0.5 30 5 6.2 +2.2
AVDS Avantis International Small Cap Equity ETF 0.5 30 5 7.2 +3.2
NULV Nuveen ESG Large-Cap Value ETF 0.5 26 9 6.3 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.5 33 2 8.4 +4.4
VYM Vanguard High Dividend Yield Index ETF 0.5 6 29 7.0 +3.1
STXI Strive International Developed Markets ETF 0.5 29 6 6.6 +2.6
VTWG Vanguard Russell 2000 Growth ETF 0.5 10 25 1.4 -2.6
SCHF Schwab International Equity ETF 0.5 6 29 7.2 +3.2
IWO iShares Russell 2000 Growth ETF 0.5 24 11 1.2 -2.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 31 8.0 +4.0
DFAT Dimensional U.S. Targeted Value ETF 0.5 28 7 9.5 +5.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 24 9.7 +5.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.5 15 20 9.9 +6.0
KLMN Invesco MSCI North America Climate ETF 0.4 9 26 4.9 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 26 10.1 +6.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 -1 9.4 +5.4
EBI Longview Advantage ETF 0.4 35 0 6.5 +2.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.4 15 20 7.5 +3.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 32 6.9 +2.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 16 8.9 +4.9
SCHA Schwab U.S. Small-Cap ETF 0.4 4 31 5.8 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 -10 9.9 +6.0
VBR Vanguard Small Cap Value ETF 0.4 7 28 9.2 +5.3
DFEV Dimensional Emerging Markets Value ETF 0.4 43 -8 13.1 +9.1
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 0 9.0 +5.1
EVUS iShares ESG Aware MSCI USA Value ETF 0.4 18 17 6.5 +2.5
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 20 3.4 -0.6
FVAL Fidelity Value Factor ETF 0.4 15 20 6.9 +2.9
IGRO iShares International Dividend Growth ETF 0.4 15 20 7.3 +3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 11 7.7 +3.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 17 7.9 +3.9
VWO Vanguard FTSE Emerging Markets ETF 0.4 7 28 10.0 +6.0
WOMN Impact Shares YWCA Women's Empowerment ETF 0.4 75 -40 5.5 +1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 25 5.7 +1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -45 10.5 +6.5
DXUV Dimensional US Vector Equity ETF 0.4 28 7 6.2 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -6 7.2 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 20 7.6 +3.6
HLAL Wahed FTSE USA Shariah ETF 0.4 50 -15 4.6 +0.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 23 5.1 +1.1
VTV Vanguard Value ETF 0.4 4 31 6.8 +2.9
SCHE Schwab Emerging Markets Equity ETF 0.4 11 24 10.6 +6.7
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 0.4 60 -25 9.6 +5.6
BKIE BNY Mellon International Equity ETF 0.4 4 31 7.0 +3.0
NULC Nuveen ESG Large-Cap ETF 0.4 21 14 4.7 +0.7
DFVX Dimensional US Large Cap Vector ETF 0.4 22 13 6.3 +2.3
GSPY Gotham Enhanced 500 ETF 0.4 50 -15 5.2 +1.3
BFOR ALPS Barron's 400 ETF 0.4 65 -30 6.1 +2.1
ILCV iShares Morningstar Value ETF 0.4 4 31 6.4 +2.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.4 9 26 6.1 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 0.4 25 10 7.3 +3.3
SUSA iShares MSCI USA ESG Select ETF 0.4 25 10 4.7 +0.7
SFY SoFi Select 500 ETF 0.4 0 35 4.3 +0.4
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.4 9 26 4.8 +0.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.4 12 23 6.5 +2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 2 9.6 +5.7
IVE iShares S&P 500 Value ETF 0.3 18 17 6.1 +2.2
VOOV Vanguard S&P 500 Value ETF 0.3 7 28 6.3 +2.3
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 31 6.3 +2.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 -14 9.8 +5.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 -24 7.5 +3.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -29 2.1 -1.8
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 31 6.7 +2.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.3 10 25 4.9 +0.9
EES WisdomTree U.S. SmallCap Fund 0.3 38 -3 8.9 +4.9
QINT American Century Quality Diversified International ETF 0.3 39 -4 7.3 +3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -35 8.9 +5.0
VSGX Vanguard ESG International Stock ETF 0.3 10 25 7.5 +3.6
IWD iShares Russell 1000 Value ETF 0.3 19 16 6.4 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 5 9.0 +5.1
VONV Vanguard Russell 1000 Value ETF 0.3 7 28 6.5 +2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 5.6 +1.6
RVRB Reverb ETF 0.3 30 5 4.5 +0.5
TPIF Timothy Plan International ETF 0.3 62 -27 6.2 +2.3
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 -3 9.5 +5.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 0 17.5 +13.5
IUSV iShares Core S&P US Value ETF 0.3 4 31 6.4 +2.5
CCMG CCM Global Equity ETF 0.3 34 1 8.4 +4.5
DFAS Dimensional U.S. Small Cap ETF 0.3 26 9 6.4 +2.5
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 22 2.8 -1.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 -7 9.7 +5.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 -2 8.4 +4.5
AVES Avantis Emerging Markets Value ETF 0.3 36 -1 10.9 +7.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.3 32 3 6.1 +2.2
AVDE Avantis International Equity ETF 0.3 23 12 7.3 +3.3
FELV Fidelity Enhanced Large Cap Value ETF 0.3 18 17 6.7 +2.8
ISCB iShares Morningstar Small-Cap ETF 0.3 4 31 6.1 +2.2
DXIV Dimensional International Vector Equity ETF 0.3 34 1 7.8 +3.8
SUSL iShares ESG MSCI USA Leaders ETF 0.3 10 25 4.9 +0.9
SHE SPDR MSCI USA Gender Diversity ETF 0.3 20 15 5.0 +1.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 18 5.6 +1.6
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 -9 11.9 +7.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 -4 6.7 +2.8
IUS Invesco RAFI Strategic US ETF 0.3 19 16 6.9 +2.9
DSI iShares MSCI KLD 400 Social ETF 0.3 25 10 4.8 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.3 45 -10 4.3 +0.4
GLBL Pacer MSCI World Industry Advantage ETF 0.3 65 -30 4.1 +0.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.3 17 18 5.5 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 5 7.8 +3.8
RSP Invesco S&P 500 Equal Weight ETF 0.3 20 15 6.6 +2.7
ACWI iShares MSCI ACWI ETF 0.3 32 3 5.4 +1.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.3 32 3 4.9 +1.0
VT Vanguard Total World Stock ETF 0.3 6 29 5.8 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 8.7 +4.8
DFSV Dimensional US Small Cap Value ETF 0.3 31 4 10.2 +6.3
PRF Invesco FTSE RAFI US 1000 ETF 0.3 39 -4 6.7 +2.8
DIVB iShares Core Dividend ETF 0.3 5 30 8.2 +4.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.3 29 6 6.4 +2.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 -24 8.7 +4.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 -14 4.6 +0.7
TOK iShares MSCI Kokusai ETF 0.3 26 9 5.0 +1.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 0 5.1 +1.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.3 29 6 4.5 +0.6
SIZE iShares MSCI USA Size Factor ETF 0.3 15 20 6.1 +2.2
INRO iShares U.S. Industry Rotation Active ETF 0.3 42 -7 4.2 +0.3
URTH iShares MSCI World ETF 0.3 24 11 5.0 +1.1
SNPE Xtrackers S&P 500 ESG ETF 0.3 10 25 5.0 +1.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.3 7 28 5.0 +1.1
AVDV Avantis International Small Cap Value ETF 0.3 36 -1 9.2 +5.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 8.5 +4.6
VB Vanguard Small-Cap ETF 0.2 5 30 6.1 +2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 5.0 +1.0
XCEM Columbia EM Core ex-China ETF 0.2 16 19 7.9 +3.9
USMV iShares MSCI USA Min Vol Factor ETF 0.2 15 20 5.9 +1.9
SFYX SoFi Next 500 ETF 0.2 0 35 5.7 +1.8
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 27 4.9 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 26 5.6 +1.6
CRTC Xtrackers US National Critical Technologies ETF 0.2 35 0 4.8 +0.8
EWU iShares MSCI United Kingdom ETF 0.2 50 -15 8.1 +4.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 5.2 +1.2
DCOR Dimensional US Core Equity 1 ETF 0.2 14 21 5.4 +1.4
DFAU Dimensional US Core Equity Market ETF 0.2 12 23 5.0 +1.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 10 7.2 +3.2
VXF Vanguard Extended Market ETF 0.2 5 30 4.6 +0.6
JHML John Hancock Multifactor Large Cap ETF 0.2 29 6 5.3 +1.3
CIL VictoryShares International Volatility Wtd ETF 0.2 45 -10 6.7 +2.7
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 -24 4.3 +0.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 23 4.5 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 5.9 +2.0
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 20 4.7 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 26 6.2 +2.2
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 20 6.0 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 9.4 +5.5
APUE ActivePassive U.S. Equity ETF 0.2 45 -10 4.6 +0.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 10 7.1 +3.2
IWL iShares Russell Top 200 ETF 0.2 15 20 4.6 +0.6
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 26 4.7 +0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 35 4.9 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 28 4.8 +0.8
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 23 7.4 +3.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 24 5.1 +1.1
STXE Strive Emerging Markets Ex-China ETF 0.2 32 3 7.4 +3.4
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 -30 8.5 +4.5
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 22 6.5 +2.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 33 4.9 +0.9
VOTE TCW Transform 500 ETF 0.2 5 30 4.8 +0.8
AVUS Avantis U.S. Equity ETF 0.2 15 20 5.7 +1.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 10 5.6 +1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.2 53 -18 7.6 +3.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.2 12 23 4.5 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 0.2 15 20 5.7 +1.7
IWV iShares Russell 3000 ETF 0.2 20 15 4.7 +0.7
DFUS Dimensional U.S. Equity ETF 0.2 9 26 4.8 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 26 4.9 +0.9
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 17 5.2 +1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 15 5.5 +1.6
FLGB Franklin FTSE United Kingdom ETF 0.2 9 26 7.5 +3.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 24 4.8 +0.9
VTHR Vanguard Russell 3000 ETF 0.2 7 28 4.8 +0.8
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.2 25 10 5.4 +1.4
XVV iShares ESG Screened S&P 500 ETF 0.2 8 27 4.7 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 26 4.6 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 10 7.1 +3.1
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 32 4.8 +0.8
SCHB Schwab U.S. Broad Market ETF 0.2 3 32 5.0 +1.0
VTI Vanguard Total Stock Market ETF 0.2 3 32 4.8 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 32 4.8 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 15 4.6 +0.7
IWB iShares Russell 1000 ETF 0.2 15 20 4.8 +0.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 17 7.1 +3.1
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 26 4.7 +0.8
VONE Vanguard Russell 1000 ETF 0.2 7 28 4.9 +0.9
IVV iShares Core S&P 500 ETF 0.2 3 32 4.9 +0.9
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 33 4.9 +1.0
VOO Vanguard S&P 500 ETF 0.2 3 32 4.9 +1.0
VV Vanguard Large-Cap ETF 0.2 4 31 4.8 +0.8
SPY SPDR S&P 500 ETF Trust 0.2 9 26 4.8 +0.9
STRV Strive 500 ETF 0.2 5 30 4.8 +0.8
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 17 5.3 +1.4
TTAI FCF International Quality ETF 0.2 59 -24 7.4 +3.4
RWL Invesco S&P 500 Revenue ETF 0.2 39 -4 6.8 +2.8
PBUS Invesco MSCI USA ETF 0.2 4 31 4.8 +0.8
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -90 5.2 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 6 4.6 +0.6
TOV JLens 500 Jewish Advocacy U.S. ETF 0.2 18 17 4.6 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 7.6 +3.6
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 4.9 +1.0
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 17 5.1 +1.1
SCHK Schwab 1000 Index ETF 0.1 5 30 4.9 +1.0
IYY iShares Dow Jones U.S. ETF 0.1 20 15 4.7 +0.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 32 5.1 +1.1
AVUQ Avantis U.S. Quality ETF 0.1 15 20 4.4 +0.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 28 6.0 +2.1
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 3 6.3 +2.3
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 10 5.5 +1.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 25 5.1 +1.2
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.4 +3.4
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 18 13.6 +9.6
ACVF American Conservative Values ETF 0.1 75 -40 4.4 +0.4
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 7.7 +3.7
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 19 8.3 +4.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 5 10.3 +6.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 29 2.8 -1.1
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 10 5.3 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 20 5.3 +1.3
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 10 9.8 +5.8
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 11 6.3 +2.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 2 8.2 +4.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.3 +3.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 8.2 +4.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.9 +2.0
IQSI IQ Candriam International Equity ETF 0.1 15 20 6.6 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 3 8.8 +4.9
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -40 7.8 +3.8
VGK Vanguard FTSE Europe ETF 0.1 6 29 7.5 +3.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 20 5.8 +1.9
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 26 7.2 +3.2
FLEE Franklin FTSE Europe ETF 0.1 9 26 7.2 +3.2
SPEU SPDR Portfolio Europe ETF 0.1 7 28 7.4 +3.4
DISV Dimensional International Small Cap Value ETF 0.1 42 -7 8.9 +4.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 6.2 +2.2
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 4.3 +0.3
AIEQ AI Powered Equity ETF 0.1 75 -40 3.7 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 6.8 +2.9
AVIV Avantis International Large Cap Value ETF 0.1 25 10 8.5 +4.5
VYMI Vanguard International High Dividend Yield ETF 0.1 17 18 9.6 +5.7
IEUR iShares Core MSCI Europe ETF 0.1 11 24 7.3 +3.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 10 11.3 +7.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 6.9 +3.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 1 6.0 +2.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -5 6.9 +2.9
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.5 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 15 6.3 +2.3
DUHP Dimensional US High Profitability ETF 0.0 21 14 6.4 +2.4
EFA iShares MSCI EAFE ETF 0.0 35 0 6.6 +2.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 28 6.9 +3.0
VPL Vanguard FTSE Pacific ETF 0.0 7 28 6.7 +2.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.6 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.3 +1.4
STXG Strive 1000 Growth ETF 0.0 18 17 3.8 -0.1
DIHP Dimensional International High Profitability ETF 0.0 29 6 7.1 +3.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 14 3.6 -0.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 7.1 +3.2
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 6.3 +2.3
QDF FlexShares Quality Dividend Index Fund 0.0 37 -2 6.2 +2.2
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -55 4.0 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 -2 6.0 +2.1
DFIV Dimensional International Value ETF 0.0 27 8 9.6 +5.7

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:		 Themes Silver Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.9 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.63
 
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.