Themes Silver Miners ETF
ALTAR
Score™		 3.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 41.0x P/Sales
ratio		 7.9x
P/BV
ratio		 3.2x Div.
yield		 0.9%


  • 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) $1
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 24
Wgt avg mkt cap (mns) $20,636
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
SILVER WHEATON CORP 10.2 %
PAN AMERICAN SILVER CORP 10.0 %
INDUSTRIAS PENOLES SAB DE CV 9.6 %
FIRST MAJESTIC SILVER CORP 8.4 %
SOUTHERN COPPER CORP 6.5 %
FRESNILLO PLC 5.8 %
SILVERCORP METALS INC 5.5 %
ENDEAVOUR SILVER CORP 4.8 %
KGHM POLSKA MIEDZ S.A. 4.8 %
MAG SILVER CORP 4.4 %
Total 70.0 %

TOP COUNTRY EXPOSURE
CANADA 51.4 %
UNITED STATES 23.8 %
CHINA 8.5 %
BRITAIN 5.2 %
POLAND 4.3 %
MEXICO 4.1 %
HONG KONG 2.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
10.1% -- -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $30.32
30d moving avg. $29.30
Annualized volatility 0.0%
Short interest (ETF) 4.5%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 5.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $792

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 414 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™: 3.1%


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 53.3 39 -4 5.8 +2.7
SILJ ETFMG Prime Junior Silver Miners ETF 46.4 69 -34 2.7 -0.4
SIL Global X Silver Miners ETF 23.9 65 -30 3.4 +0.3
SGDM Sprott Gold Miners ETF 18.6 50 -15 4.7 +1.6
COPX Global X Copper Miners ETF 17.4 65 -30 8.9 +5.8
ICOP iShares Copper and Metals Mining ETF 15.6 47 -12 10.0 +6.9
RING iShares MSCI Global Gold Miners ETF 13.7 39 -4 5.8 +2.7
EPU iShares MSCI Peru and Global Exposure ETF 13.0 59 -24 7.7 +4.7
NANR SPDR S&P North American Natural Resources ETF 10.8 35 0 8.4 +5.3
GDXJ VanEck Junior Gold Miners ETF 10.0 52 -17 4.9 +1.8
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 8.8 60 -25 4.2 +1.2
XME SPDR S&P Metals & Mining ETF 8.5 35 0 10.3 +7.2
GDX VanEck Gold Miners ETF 8.4 51 -16 4.5 +1.5
GOEX Global X Gold Explorers ETF 8.0 65 -30 4.6 +1.5
FTWO Strive FAANG 2.0 ETF 8.0 49 -14 5.1 +2.1
COPA Themes Copper Miners ETF 7.2 35 0 9.0 +6.0
GNR SPDR S&P Global Natural Resources ETF 6.7 40 -5 11.4 +8.4
GMET VanEck Green Metals ETF 6.6 63 -28 10.8 +7.7
SETM Sprott Energy Transition Materials ETF 6.2 65 -30 4.7 +1.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 6.2 85 -50 3.9 +0.9
MXI iShares Global Materials ETF 6.0 41 -6 8.0 +5.0
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 5.8 60 -25 6.4 +3.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 5.6 85 -50 8.0 +4.9
CCSO Carbon Collective Climate Solutions US Equity ETF 5.5 35 0 1.9 -1.2
IYM iShares U.S. Basic Materials ETF 5.1 40 -5 6.7 +3.7
CVAR Cultivar ETF 4.9 87 -52 6.1 +3.0
QVAL Alpha Architect US Quantitative Value ETF 4.5 39 -4 10.3 +7.2
EWC iShares MSCI Canada ETF 4.3 50 -15 6.6 +3.5
VAW Vanguard Materials ETF 4.2 10 25 6.4 +3.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 -11 10.4 +7.4
FMAT Fidelity MSCI Materials Index ETF 4.2 8 27 6.5 +3.4
EPOL iShares MSCI Poland ETF 4.2 59 -24 11.6 +8.5
DMAT Global X Disruptive Materials ETF 3.8 59 -24 9.2 +6.1
CCNR ALPS CoreCommodity Natural Resources ETF 3.8 39 -4 11.0 +7.9
PICK iShares MSCI Global Metals & Mining Producers ETF 3.7 39 -4 14.1 +11.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 3.7 40 -5 7.8 +4.8
XLB Materials Select Sector SPDR Fund 3.7 8 27 6.2 +3.1
TIME Clockwise Core Equity & Innovation ETF 3.7 95 -60 8.1 +5.1
AIEQ AI Powered Equity ETF 3.6 75 -40 4.1 +1.1
FXZ First Trust Materials AlphaDEX Fund 3.4 61 -26 11.0 +7.9
DINT Davis Select International ETF 2.7 55 -20 8.3 +5.3
FLCA Franklin FTSE Canada ETF 2.7 9 26 7.0 +4.0
EWW iShares MSCI Mexico ETF 2.6 50 -15 9.6 +6.6
FTRI First Trust Indxx Global Natural Resources Income ETF 2.5 70 -35 8.6 +5.5
CBSE Clough Select Equity ETF 2.5 85 -50 1.6 -1.4
SMRI Bushido Capital US Equity ETF 2.4 71 -36 9.9 +6.8
SDOG ALPS Sector Dividend Dogs ETF 2.3 36 -1 9.3 +6.3
BBCA JPMorgan BetaBuilders Canada ETF 2.3 19 16 6.9 +3.8
OBOR KraneShares MSCI One Belt One Road Index ETF 2.3 79 -44 7.7 +4.6
IGE iShares North American Natural Resources ETF 2.3 41 -6 7.7 +4.6
FLMX Franklin FTSE Mexico ETF 2.2 19 16 9.9 +6.8
DWLD Davis Select Worldwide ETF 2.2 63 -28 8.5 +5.4
IVRA Invesco Real Assets ESG ETF 2.2 59 -24 3.5 +0.4
ILF iShares Latin America 40 ETF 2.0 48 -13 13.5 +10.4
BATT Amplify Lithium & Battery Technology ETF 2.0 59 -24 3.8 +0.8
FKU First Trust United Kingdom AlphaDEX Fund 1.9 80 -45 7.9 +4.9
JCHI JPMorgan Active China ETF 1.9 65 -30 16.8 +13.7
VFLO VictoryShares Free Cash Flow ETF 1.9 39 -4 10.7 +7.7
SGDJ Sprott Junior Gold Miners ETF 1.8 50 -15 5.5 +2.5
HAP VanEck Natural Resources ETF 1.5 50 -15 10.0 +7.0
FCA First Trust China AlphaDEX Fund 1.4 80 -45 11.3 +8.2
BIBL Inspire 100 ETF 1.4 35 0 4.7 +1.6
DUSA Davis Select U.S. Equity ETF 1.4 61 -26 8.8 +5.7
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -23 11.2 +8.1
YALL God Bless America ETF 1.3 65 -30 4.3 +1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 -10 11.1 +8.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.2 20 15 6.7 +3.7
GVLU Gotham 1000 Value ETF 1.2 50 -15 9.1 +6.0
FXI iShares China Large-Cap ETF 1.2 74 -39 18.1 +15.1
VOE Vanguard Mid-Cap Value ETF 1.2 7 28 7.2 +4.2
DVY iShares Select Dividend ETF 1.2 38 -3 9.2 +6.2
VFVA Vanguard U.S. Value Factor ETF 1.1 13 22 11.7 +8.6
FTHF First Trust Emerging Markets Human Flourishing ETF 1.1 75 -40 9.8 +6.8
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 -6 6.5 +3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.1 20 15 11.3 +8.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.0 25 10 13.5 +10.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.0 60 -25 5.3 +2.2
IMCV iShares Morningstar Mid-Cap Value ETF 1.0 6 29 7.9 +4.8
DSTL Distillate US Fundamental Stability & Value ETF 1.0 39 -4 8.3 +5.2
LQPE PEO AlphaQuest Thematic PE ETF 1.0 125 -90 6.9 +3.8
NUDV Nuveen ESG Dividend ETF 1.0 26 9 6.7 +3.6
FFTY Innovator IBD 50 ETF 0.9 80 -45 -2.5 -5.6
PTL Inspire 500 ETF 0.9 9 26 5.4 +2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 6 7.4 +4.3
LIVR Intelligent Livermore ETF 0.8 69 -34 8.2 +5.1
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.8 18 17 4.9 +1.9
BLES Inspire Global Hope ETF 0.8 61 -26 6.8 +3.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.8 32 3 7.0 +3.9
KALL KraneShares MSCI All China Index ETF 0.8 49 -14 15.3 +12.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.8 30 5 5.6 +2.6
MCHI iShares MSCI China ETF 0.8 59 -24 17.8 +14.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.8 65 -30 7.9 +4.8
GVAL Cambria Global Value ETF 0.7 68 -33 11.3 +8.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 -14 7.3 +4.3
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 -15 7.3 +4.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.7 70 -35 15.8 +12.7
SCHC Schwab International Small-Cap Equity ETF 0.7 11 24 7.1 +4.0
VIGI Vanguard International Dividend Appreciation ETF 0.7 15 20 6.2 +3.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.7 20 15 7.8 +4.7
VO Vanguard Mid-Cap ETF 0.7 4 31 5.6 +2.6
FLCH Franklin FTSE China ETF 0.7 19 16 17.2 +14.1
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 0.6 55 -20 8.1 +5.0
RAYC Rayliant Quantamental China Equity ETF 0.6 80 -45 9.0 +6.0
CNYA iShares MSCI China A ETF 0.6 60 -25 7.2 +4.2
GWX SPDR S&P International Small Cap ETF 0.6 40 -5 6.7 +3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 15 6.3 +3.3
IWN iShares Russell 2000 Value ETF 0.6 24 11 5.8 +2.7
VTWV Vanguard Russell 2000 Value ETF 0.6 15 20 5.9 +2.9
FLLA Franklin FTSE Latin America ETF 0.6 19 16 13.5 +10.4
LST Leuthold Select Industries ETF 0.6 91 -56 6.1 +3.0
GXC SPDR S&P China ETF 0.6 59 -24 16.7 +13.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 17 7.8 +4.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 15 7.0 +3.9
WWJD Inspire International ETF 0.6 80 -45 7.6 +4.5
CGGR Capital Group Growth ETF 0.5 39 -4 3.7 +0.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 23 6.2 +3.1
SPMV Invesco S&P 500 Minimum Variance ETF 0.5 10 25 4.5 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 28 10.9 +7.8
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 31 6.0 +2.9
AVEM Avantis Emerging Markets Equity ETF 0.5 33 2 9.7 +6.6
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -46 4.8 +1.7
AVSD Avantis Responsible International Equity ETF 0.5 23 12 6.8 +3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 7 28 7.0 +4.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 1 8.1 +5.1
ARGT Global X MSCI Argentina ETF 0.5 59 -24 4.2 +1.2
EEM iShares MSCI Emerging Markets ETF 0.5 69 -34 10.7 +7.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 -25 2.1 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 5 10.6 +7.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 23 5.1 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 5 8.2 +5.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -36 1.1 -2.0
ISMD Inspire Small/Mid Cap ETF 0.4 54 -19 4.7 +1.6
IGRO iShares International Dividend Growth ETF 0.4 15 20 7.3 +4.2
DFLV Dimensional US Large Cap Value ETF 0.4 22 13 8.8 +5.7
VEA Vanguard FTSE Developed Markets ETF 0.4 5 30 7.6 +4.5
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 28 8.3 +5.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 -14 10.5 +7.5
IDEV iShares Core MSCI International Developed Markets ETF 0.4 4 31 7.4 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -31 10.2 +7.1
SCHF Schwab International Equity ETF 0.4 6 29 7.7 +4.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 -15 11.6 +8.5
BKF iShares MSCI BIC ETF 0.4 69 -34 13.0 +9.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 -14 10.0 +7.0
STXI Strive International Developed Markets ETF 0.4 29 6 5.9 +2.9
CCMG CCM Global Equity ETF 0.4 34 1 8.5 +5.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.4 49 -14 4.7 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 -4 8.3 +5.3
VXUS Vanguard Total International Stock ETF 0.4 7 28 8.3 +5.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -25 4.7 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 26 10.9 +7.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 -4 4.0 +1.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -45 13.8 +10.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 32 7.5 +4.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 27 8.5 +5.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.4 25 10 6.6 +3.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.4 15 20 0.0 -3.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 11 8.3 +5.3
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 6 7.3 +4.2
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 20 5.4 +2.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -45 10.0 +6.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 -3 9.9 +6.9
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -30 5.3 +2.2
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 7 10.0 +7.0
KLMN Invesco MSCI North America Climate ETF 0.4 9 26 5.3 +2.2
IQLT iShares MSCI Intl Quality Factor ETF 0.4 30 5 6.3 +3.3
DFIS Dimensional International Small Cap ETF 0.4 39 -4 7.9 +4.8
STXV Strive 1000 Value ETF 0.4 18 17 7.9 +4.8
VYM Vanguard High Dividend Yield Index ETF 0.3 6 29 7.3 +4.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 11.8 +8.7
RVRB Reverb ETF 0.3 30 5 2.6 -0.5
ADME Aptus Drawdown Managed Equity ETF 0.3 79 -44 4.5 +1.5
FESM Fidelity Enhanced Small Cap ETF 0.3 28 7 3.8 +0.8
DFEV Dimensional Emerging Markets Value ETF 0.3 43 -8 14.5 +11.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 -14 16.7 +13.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 25 6.1 +3.0
IWX iShares Russell Top 200 Value ETF 0.3 20 15 6.6 +3.5
BKIE BNY Mellon International Equity ETF 0.3 4 31 7.3 +4.3
DFUV Dimensional US Marketwide Value ETF 0.3 22 13 8.5 +5.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.3 25 10 8.0 +4.9
VSGX Vanguard ESG International Stock ETF 0.3 12 23 8.2 +5.1
STXK Strive Small-Cap ETF 0.3 18 17 5.5 +2.4
MCH Matthews China Active ETF 0.3 79 -44 15.3 +12.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 -6 7.1 +4.0
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 17 6.4 +3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 -4 16.9 +13.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 5 9.3 +6.3
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 0 10.2 +7.1
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 20 5.6 +2.5
IWM iShares Russell 2000 ETF 0.3 19 16 3.6 +0.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 -14 10.7 +7.7
QINT American Century Quality Diversified International ETF 0.3 39 -4 7.6 +4.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 31 5.9 +2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 17 8.1 +5.0
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.3 65 -30 5.7 +2.6
SSPY Syntax Stratified LargeCap ETF 0.3 30 5 7.1 +4.0
RSSL Global X Russell 2000 ETF 0.3 8 27 3.6 +0.5
VTWO Vanguard Russell 2000 ETF 0.3 10 25 3.8 +0.7
FLHK Franklin FTSE Hong Kong ETF 0.3 9 26 6.8 +3.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 9.3 +6.3
ECON Columbia Emerging Markets Consumer ETF 0.3 49 -14 12.9 +9.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 6.0 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -35 9.8 +6.8
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 25 4.9 +1.8
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 0 4.5 +1.4
NULV Nuveen ESG Large-Cap Value ETF 0.3 26 9 6.2 +3.1
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 8.0 +4.9
HLAL Wahed FTSE USA Shariah ETF 0.3 50 -15 5.2 +2.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 0 21.6 +18.5
TPIF Timothy Plan International ETF 0.3 62 -27 6.5 +3.5
VWO Vanguard FTSE Emerging Markets ETF 0.3 8 27 10.9 +7.8
GSPY Gotham Enhanced 500 ETF 0.3 50 -15 5.7 +2.7
ILCV iShares Morningstar Value ETF 0.3 4 31 6.8 +3.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 -24 7.4 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 -4 7.0 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 20 10.8 +7.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 -10 11.0 +8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 6.3 +3.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 16 10.8 +7.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 24 11.8 +8.7
SFY SoFi Select 500 ETF 0.3 0 35 5.0 +1.9
BFOR ALPS Barron's 400 ETF 0.2 65 -30 6.2 +3.1
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -40 5.2 +2.1
VTV Vanguard Value ETF 0.2 4 31 7.3 +4.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.2 32 3 6.1 +3.0
FVAL Fidelity Value Factor ETF 0.2 15 20 7.8 +4.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 26 4.0 +0.9
AVDE Avantis International Equity ETF 0.2 23 12 8.0 +4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 -1 11.2 +8.1
SUSA iShares MSCI USA ESG Select ETF 0.2 25 10 5.0 +1.9
SCHE Schwab Emerging Markets Equity ETF 0.2 11 24 11.6 +8.5
OPTZ Optimize Strategy Index ETF 0.2 50 -15 5.3 +2.2
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.8 +3.8
ACWI iShares MSCI ACWI ETF 0.2 32 3 6.1 +3.0
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 10 10.7 +7.6
FEP First Trust Europe AlphaDEX Fund 0.2 80 -45 9.3 +6.2
SCHV Schwab U.S. Large-Cap Value ETF 0.2 4 31 7.0 +4.0
IVE iShares S&P 500 Value ETF 0.2 18 17 6.5 +3.4
VOOV Vanguard S&P 500 Value ETF 0.2 10 25 6.6 +3.5
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 31 6.6 +3.6
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 -24 9.4 +6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 20 8.6 +5.5
TOK iShares MSCI Kokusai ETF 0.2 26 9 5.0 +1.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 31 5.3 +2.2
IWD iShares Russell 1000 Value ETF 0.2 19 16 6.7 +3.6
VONV Vanguard Russell 1000 Value ETF 0.2 8 27 6.8 +3.8
VT Vanguard Total World Stock ETF 0.2 7 28 6.4 +3.3
IUSV iShares Core S&P US Value ETF 0.2 4 31 6.7 +3.7
DFSV Dimensional US Small Cap Value ETF 0.2 31 4 10.9 +7.8
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 -4 7.5 +4.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 2 10.6 +7.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 6.5 +3.4
NULC Nuveen ESG Large-Cap ETF 0.2 21 14 5.0 +2.0
STXE Strive Emerging Markets Ex-China ETF 0.2 32 3 8.2 +5.1
SIZE iShares MSCI USA Size Factor ETF 0.2 15 20 6.2 +3.1
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 25 5.3 +2.2
DSI iShares MSCI KLD 400 Social ETF 0.2 25 10 5.2 +2.1
URTH iShares MSCI World ETF 0.2 24 11 5.5 +2.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 10.1 +7.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 23 5.0 +1.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 26 5.0 +1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 25 5.3 +2.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 23 6.8 +3.7
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 -3 8.7 +5.6
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 -14 4.9 +1.9
DFVX Dimensional US Large Cap Vector ETF 0.2 22 13 6.6 +3.5
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 15 5.2 +2.1
DIVB iShares Core Dividend ETF 0.2 5 30 7.7 +4.6
DISV Dimensional International Small Cap Value ETF 0.2 42 -7 9.7 +6.6
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 6.2 +3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 5 8.6 +5.5
DFAS Dimensional U.S. Small Cap ETF 0.2 26 9 6.9 +3.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 18 6.2 +3.2
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 26 6.4 +3.3
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 17 7.2 +4.1
CIL VictoryShares International Volatility Wtd ETF 0.2 45 -10 7.0 +3.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 29 2.7 -0.3
DCOR Dimensional US Core Equity 1 ETF 0.2 14 21 5.9 +2.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 -10 4.9 +1.9
VBR Vanguard Small Cap Value ETF 0.2 7 28 8.5 +5.4
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 -24 4.4 +1.3
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 22 6.6 +3.5
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 20 5.5 +2.4
DFAU Dimensional US Core Equity Market ETF 0.2 12 23 5.7 +2.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 10 7.6 +4.5
EES WisdomTree U.S. SmallCap Fund 0.2 38 -3 9.1 +6.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 6 6.6 +3.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 3 5.3 +2.3
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 -9 11.3 +8.2
ISCB iShares Morningstar Small-Cap ETF 0.2 4 31 5.6 +2.6
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 27 5.3 +2.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 9.4 +6.3
TTAI FCF International Quality ETF 0.2 59 -24 6.9 +3.9
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 23 7.5 +4.4
IWL iShares Russell Top 200 ETF 0.2 15 20 5.2 +2.1
IUS Invesco RAFI Strategic US ETF 0.2 19 16 7.3 +4.2
AVES Avantis Emerging Markets Value ETF 0.2 36 -1 12.2 +9.1
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 25 5.4 +2.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 26 5.8 +2.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 5.6 +2.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 10 7.5 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -24 13.7 +10.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 20 6.1 +3.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -26 5.9 +2.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 7.8 +4.7
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 29 8.4 +5.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 15 5.3 +2.2
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 28 5.2 +2.2
AVDV Avantis International Small Cap Value ETF 0.1 36 -1 10.9 +7.9
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 18 12.9 +9.8
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 5 11.1 +8.1
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 26 5.0 +1.9
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 19 8.4 +5.4
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 25 5.4 +2.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 18 5.7 +2.6
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 6.0 +2.9
DFUS Dimensional U.S. Equity ETF 0.1 9 26 5.5 +2.4
IWV iShares Russell 3000 ETF 0.1 20 15 5.2 +2.1
VTHR Vanguard Russell 3000 ETF 0.1 10 25 5.3 +2.2
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 32 5.4 +2.4
XVV iShares ESG Screened S&P 500 ETF 0.1 8 27 5.3 +2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 -2 8.9 +5.8
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 26 5.0 +2.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 6.4 +3.3
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 6 5.1 +2.0
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 22 3.4 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 33 5.5 +2.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 28 5.4 +2.3
VOTE TCW Transform 500 ETF 0.1 5 30 5.4 +2.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 11 6.4 +3.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 17 7.6 +4.5
IWB iShares Russell 1000 ETF 0.1 15 20 5.4 +2.3
VONE Vanguard Russell 1000 ETF 0.1 8 27 5.5 +2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -32 10.1 +7.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 -24 7.1 +4.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 15 5.2 +2.2
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 25 3.3 +0.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 32 5.4 +2.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 32 5.3 +2.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 -4 7.5 +4.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 35 5.5 +2.4
XCEM Columbia EM Core ex-China ETF 0.1 16 19 8.5 +5.4
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 26 4.6 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 26 4.1 +1.0
IVV iShares Core S&P 500 ETF 0.1 3 32 5.6 +2.6
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 33 5.5 +2.5
SPY SPDR S&P 500 ETF Trust 0.1 9 26 5.6 +2.5
VOO Vanguard S&P 500 ETF 0.1 3 32 5.7 +2.6
VV Vanguard Large-Cap ETF 0.1 4 31 5.4 +2.3
VXF Vanguard Extended Market ETF 0.1 6 29 4.5 +1.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 5.5 +2.4
PBUS Invesco MSCI USA ETF 0.1 4 31 5.4 +2.4
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -40 1.0 -2.1
STRV Strive 500 ETF 0.1 5 30 5.4 +2.3
VTI Vanguard Total Stock Market ETF 0.1 3 32 5.3 +2.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 32 5.7 +2.6
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 5.5 +2.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 7.6 +4.5
IYY iShares Dow Jones U.S. ETF 0.1 20 15 5.3 +2.3
SCHK Schwab 1000 Index ETF 0.1 5 30 5.5 +2.4
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 17 5.7 +2.6
AVUS Avantis U.S. Equity ETF 0.1 15 20 6.6 +3.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 10 6.0 +2.9
VB Vanguard Small-Cap ETF 0.1 5 30 5.7 +2.7
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 17 5.8 +2.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 -25 8.2 +5.1
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 12 8.6 +5.5
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 10 6.6 +3.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 20 6.2 +3.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 5.3 +2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 28 6.2 +3.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 6.0 +2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -29 2.5 -0.5
APUE ActivePassive U.S. Equity ETF 0.1 45 -10 5.3 +2.3
ACVF American Conservative Values ETF 0.1 75 -40 4.8 +1.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 -4 5.4 +2.4
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -7 7.2 +4.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 12 7.9 +4.9
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 3 5.5 +2.4
FLGB Franklin FTSE United Kingdom ETF 0.1 9 26 8.0 +5.0
AVIV Avantis International Large Cap Value ETF 0.1 25 10 9.3 +6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 15 5.5 +2.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 23 4.4 +1.4
VGK Vanguard FTSE Europe ETF 0.1 11 24 7.5 +4.4
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 26 7.2 +4.2
FLEE Franklin FTSE Europe ETF 0.1 9 26 7.0 +4.0
IQSI IQ Candriam International Equity ETF 0.1 15 20 6.7 +3.6
SPEU SPDR Portfolio Europe ETF 0.1 7 28 7.5 +4.4
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -20 6.9 +3.8
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 7.7 +4.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 15 7.1 +4.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 3 9.6 +6.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.8 +1.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 15 7.4 +4.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.2 +2.1
IWY iShares Russell Top 200 Growth ETF 0.0 20 15 4.9 +1.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -5 7.4 +4.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 11 6.6 +3.5
DUHP Dimensional US High Profitability ETF 0.0 21 14 6.6 +3.5
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.8 +1.7
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.9 +1.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 2.8 -0.3
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 -7 4.1 +1.0
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 10 12.4 +9.4
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 7.3 +4.2
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 7.2 +4.1
VYMI Vanguard International High Dividend Yield ETF 0.0 22 13 10.0 +6.9
VPL Vanguard FTSE Pacific ETF 0.0 8 27 7.7 +4.6
QDF FlexShares Quality Dividend Index Fund 0.0 37 -2 6.2 +3.1
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 7 6.2 +3.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 14 4.3 +1.2
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.4 +4.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 28 7.4 +4.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 -2 5.9 +2.9
DFIV Dimensional International Value ETF 0.0 27 8 10.4 +7.3

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 10.7 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.60
 
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.