Themes Airlines ETF
ALTAR
Score™		 -16.7% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 9.0x P/Sales
ratio		 0.4x
P/BV
ratio		 1.9x Div.
yield		 1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Themes Airlines ETF invests in companies involved in the airline industry and related sectors, aiming to provide investors with exposure to the growth potential of air travel and associated services.

FUND BASICS
Category Global Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/AIRL/
Inception date Dec 07, 2023
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 28
Wgt avg mkt cap (mns) $11,419
Large cap (>$10bn) 33.9%
Mid cap ($2-10bn) 53.1%
Small cap (<$2bn) 13.0%
Developed mkts 95.8%
Emerging mkts 4.2%

TOP TEN HOLDINGS
UNITED CONTINENTAL HOLDINGS 6.9 %
AIR CANADA 5.7 %
SKYWEST INC 5.1 %
ALASKA AIR GROUP INC 5.1 %
DELTA AIR LINES INC 5.1 %
AMERICAN AIRLINES GROUP INC 4.9 %
QANTAS AIRWAYS LTD 4.9 %
INTL CONSOLIDATED AIRLINE-DI 4.8 %
COPA HOLDINGS SA-CLASS A 4.3 %
SOUTHWEST AIRLINES CO 4.3 %
Total 50.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 40.0 %
BRITAIN 12.0 %
JAPAN 7.6 %
CANADA 5.7 %
AUSTRALIA 4.9 %
PANAMA 4.3 %
IRELAND 4.3 %
NEW ZEALAND 3.8 %
SINGAPORE 3.8 %
GERMANY 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% -- -- -- 2.2%

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

Technical Indicators
Recent close $29.00
30d moving avg. $26.73
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $2,046

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 468 potential alternatives to the Themes Airlines ETF ETF based on the alternatives' overlap in portfolio holdings with AIRL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIRL Expense: 35 bp ALTAR Score™: -16.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIRL
Ticker Fund
Name		 Overlap1
vs AIRL
(%)		 Expense
ratio
(bp)		 Savings
vs AIRL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AIRL
(%)
JETS U.S. Global Jets ETF 45.2 60 -25 -13.3 +3.4
CRUZ Defiance Hotel Airline and Cruise ETF 33.0 45 -10 -4.6 +12.1
XTN SPDR S&P Transportation ETF 25.5 35 0 2.1 +18.8
IYT iShares US Transportation ETF 17.1 40 -5 2.1 +18.8
FTXR First Trust Nasdaq Transportation ETF 14.2 60 -25 6.8 +23.5
PSCI Invesco S&P SmallCap Industrials ETF 5.8 29 6 5.2 +21.9
SPGP Invesco S&P 500 GARP ETF 5.5 34 1 7.9 +24.6
RSPN Invesco S&P 500 Equal Weight Industrials ETF 5.1 40 -5 4.1 +20.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 5.1 61 -26 6.2 +22.8
RPV Invesco S&P 500 Pure Value ETF 5.1 35 0 9.7 +26.4
FKU First Trust United Kingdom AlphaDEX Fund 4.6 80 -45 8.5 +25.2
QVAL Alpha Architect US Quantitative Value ETF 4.4 39 -4 10.4 +27.0
DFND Siren DIVCON Dividend Defender ETF 4.3 189 -154 6.4 +23.0
EIRL iShares MSCI Ireland ETF 4.3 50 -15 7.1 +23.8
IVAL Alpha Architect International Quantitative Value ETF 4.1 49 -14 9.5 +26.2
EWS iShares MSCI Singapore ETF 3.8 50 -15 5.0 +21.7
ACTV LeaderShares Activist Leaders ETF 3.7 75 -40 6.7 +23.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 -30 12.8 +29.4
PEJ Invesco Leisure and Entertainment ETF 3.6 58 -23 1.0 +17.6
FGM First Trust Germany AlphaDEX Fund 3.6 80 -45 6.0 +22.7
VIDI Vident International Equity Strategy ETF 3.3 61 -26 10.2 +26.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.3 35 0 8.1 +24.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.2 80 -45 7.6 +24.3
FTA First Trust Large Cap Value AlphaDEX Fund 3.1 59 -24 8.2 +24.9
RWK Invesco S&P MidCap 400 Revenue ETF 3.0 39 -4 6.9 +23.6
ACSI American Customer Satisfaction ETF 2.9 65 -30 4.4 +21.1
EQRR ProShares Equities for Rising Rates ETF 2.8 35 0 7.8 +24.5
FOVL iShares Focused Value Factor ETF 2.8 25 10 8.5 +25.1
PEZ Invesco Dorsey Wright Consumer Cyclicals Momentum ETF 2.8 60 -25 6.4 +23.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.8 15 20 4.5 +21.2
CALF Pacer US Small Cap Cash Cows 100 ETF 2.7 59 -24 5.1 +21.7
SMRI Bushido Capital US Equity ETF 2.6 71 -36 7.7 +24.3
FEP First Trust Europe AlphaDEX Fund 2.6 80 -45 7.8 +24.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.5 39 -4 7.5 +24.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.5 32 3 6.0 +22.6
CVAR Cultivar ETF 2.4 87 -52 6.7 +23.4
SPVU Invesco S&P 500 Enhanced Value ETF 2.4 13 22 8.9 +25.6
GURU Global X Guru Index ETF 2.2 75 -40 1.7 +18.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.2 80 -45 9.1 +25.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 2.2 47 -12 8.0 +24.6
XLI Industrial Select Sector SPDR Fund 2.1 9 26 4.2 +20.9
EFAS Global X MSCI SuperDividend EAFE ETF 2.1 57 -22 10.3 +26.9
VIS Vanguard Industrials ETF 2.1 10 25 4.2 +20.9
ITAN Sparkline Intangible Value ETF 2.0 50 -15 5.9 +22.6
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -15 12.8 +29.5
VOE Vanguard Mid-Cap Value ETF 2.0 7 28 6.9 +23.6
DWMF WisdomTree International Multifactor Fund 2.0 38 -3 7.4 +24.1
RFV Invesco S&P Midcap 400 Pure Value ETF 1.9 35 0 8.0 +24.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 1.8 15 20 9.3 +26.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.8 80 -45 5.6 +22.3
IJS iShares S&P Small-Cap 600 Value ETF 1.8 18 17 7.4 +24.1
FEUZ First Trust Eurozone AlphaDEX ETF 1.8 80 -45 6.7 +23.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.7 15 20 7.4 +24.1
AVUV Avantis U.S. Small Cap Value ETF 1.7 25 10 8.8 +25.5
IYC iShares U.S. Consumer Discretionary ETF 1.7 40 -5 3.4 +20.1
SPHB Invesco S&P 500 High Beta ETF 1.7 25 10 3.5 +20.2
SLYV SPDR S&P 600 Small Cap Value ETF 1.7 15 20 7.4 +24.1
EXI iShares Global Industrials ETF 1.7 42 -7 4.5 +21.2
QQQN VictoryShares Nasdaq Next 50 ETF 1.7 18 17 4.9 +21.6
VFLO VictoryShares Free Cash Flow ETF 1.7 39 -4 8.8 +25.5
SPVM Invesco S&P 500 Value with Momentum ETF 1.7 39 -4 7.8 +24.5
FAB First Trust Multi Cap Value AlphaDEX Fund 1.7 67 -32 8.6 +25.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.7 39 -4 12.1 +28.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.6 59 -24 3.9 +20.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.6 20 15 5.6 +22.2
OBOR KraneShares MSCI One Belt One Road Index ETF 1.5 79 -44 10.3 +27.0
IPKW Invesco International BuyBack Achievers ETF 1.5 55 -20 11.0 +27.7
FEX First Trust Large Cap Core AlphaDEX Fund 1.5 59 -24 5.6 +22.2
MAGA Point Bridge America First ETF 1.5 72 -37 5.6 +22.3
VAMO Cambria Value & Momentum ETF 1.5 61 -26 8.2 +24.9
HAPS Harbor Human Capital Factor US Small Cap ETF 1.5 60 -25 2.4 +19.0
ASEA Global X FTSE Southeast Asia ETF 1.4 65 -30 6.3 +23.0
XSMO Invesco S&P SmallCap Momentum ETF 1.3 39 -4 6.8 +23.5
VFVA Vanguard U.S. Value Factor ETF 1.3 13 22 10.0 +26.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.3 60 -25 7.7 +24.4
DFSV Dimensional US Small Cap Value ETF 1.3 31 4 8.3 +24.9
SYLD Cambria Shareholder Yield ETF 1.3 59 -24 10.9 +27.6
XJR iShares ESG Screened S&P Small-Cap ETF 1.3 12 23 7.0 +23.7
AFSM First Trust Active Factor Small Cap ETF 1.3 75 -40 6.3 +23.0
DVND Touchstone Dividend Select ETF 1.2 67 -32 5.8 +22.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -60 10.5 +27.2
RWL Invesco S&P 500 Revenue ETF 1.2 39 -4 6.7 +23.4
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 1.2 27 8 0.0 +16.7
SSLY Syntax Stratified SmallCap ETF 1.2 40 -5 7.4 +24.1
IWS iShares Russell Mid-Cap Value ETF 1.2 23 12 6.2 +22.9
AVLV Avantis U.S. Large Cap Value ETF 1.2 15 20 7.1 +23.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.1 6 29 7.5 +24.2
ESIX SPDR S&P SmallCap 600 ESG ETF 1.1 12 23 7.4 +24.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 1.1 30 5 7.9 +24.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.1 15 20 7.5 +24.1
DFAT Dimensional U.S. Targeted Value ETF 1.1 28 7 7.8 +24.4
IJR iShares Core S&P Small Cap ETF 1.1 6 29 6.6 +23.3
RAYD Rayliant Quantitative Developed Market Equity ETF 1.1 80 -45 3.8 +20.5
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 10 25 6.6 +23.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 32 6.7 +23.3
GVLU Gotham 1000 Value ETF 1.1 50 -15 7.4 +24.1
ONEO SPDR Russell 1000 Momentum Focus ETF 1.1 20 15 6.8 +23.5
HAPY Harbor Human Capital Factor Unconstrained ETF 1.1 50 -15 4.4 +21.1
VO Vanguard Mid-Cap ETF 1.1 4 31 5.3 +22.0
DFLV Dimensional US Large Cap Value ETF 1.0 22 13 7.4 +24.1
SFYF SoFi Social 50 ETF 1.0 29 6 -2.2 +14.5
FDM First Trust Dow Jones Select MicroCap Index Fund 1.0 60 -25 6.8 +23.5
WLDR Affinity World Leaders Equity ETF 1.0 67 -32 8.1 +24.8
IQIN IQ 500 International ETF 1.0 25 10 9.2 +25.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 11 8.7 +25.3
ULVM VictoryShares US Value Momentum ETF 1.0 20 15 7.0 +23.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -48 10.0 +26.6
VLU SPDR S&P 1500 Value Tilt ETF 1.0 12 23 6.7 +23.3
IDLV Invesco S&P International Developed Low Volatility ETF 1.0 25 10 6.2 +22.9
TXS Texas Capital Texas Equity Index ETF 1.0 49 -14 4.7 +21.4
FUNL CornerCap Fundametrics Large-Cap ETF 1.0 50 -15 6.7 +23.4
TTAI FCF International Quality ETF 1.0 59 -24 5.6 +22.3
SUPL ProShares Supply Chain Logistics ETF 1.0 58 -23 14.2 +30.9
SCHM Schwab U.S. Mid-Cap ETF 0.9 4 31 6.0 +22.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 10 6.0 +22.7
EZM WisdomTree U.S. MidCap Fund 0.9 38 -3 7.4 +24.0
OSCV Opus Small Cap Value ETF 0.9 79 -44 5.7 +22.4
GVAL Cambria Global Value ETF 0.9 68 -33 13.1 +29.8
ISCV iShares Morningstar Small Cap Value ETF 0.9 6 29 7.2 +23.9
SVAL iShares US Small Cap Value Factor ETF 0.9 20 15 9.8 +26.5
IWR iShares Russell Midcap ETF 0.9 19 16 5.4 +22.1
IQDE FlexShares International Quality Dividend Defensive Index ET 0.9 47 -12 14.8 +31.5
KRUZ Unusual Whales Subversive Republican Trading ETF 0.9 75 -40 5.4 +22.1
RSP Invesco S&P 500 Equal Weight ETF 0.8 20 15 6.1 +22.7
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 -12 12.9 +29.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 -1 11.1 +27.8
CGGR Capital Group Growth ETF 0.8 39 -4 3.2 +19.9
DUHP Dimensional US High Profitability ETF 0.8 21 14 6.5 +23.1
QUVU Hartford Quality Value ETF 0.8 46 -11 6.6 +23.3
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 31 5.7 +22.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.8 25 10 7.2 +23.9
NIXT Research Affiliates Deletions ETF 0.8 9 26 5.2 +21.9
CGDG Capital Group Dividend Growers ETF 0.8 47 -12 6.6 +23.3
AVSC Avantis U.S Small Cap Equity ETF 0.8 25 10 4.7 +21.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 31 4.8 +21.4
DFUV Dimensional US Marketwide Value ETF 0.8 22 13 7.2 +23.8
SFYX SoFi Next 500 ETF 0.7 0 35 4.7 +21.4
ONEY SPDR Russell 1000 Yield Focus ETF 0.7 20 15 9.3 +26.0
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -25 12.5 +29.2
SSPY Syntax Stratified LargeCap ETF 0.7 30 5 6.3 +23.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 -12 9.4 +26.1
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 6 4.7 +21.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.7 25 10 7.2 +23.9
JIG JPMorgan International Growth ETF 0.7 55 -20 4.6 +21.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.7 18 17 6.9 +23.6
FJP First Trust Japan AlphaDEX Fund 0.7 80 -45 10.3 +27.0
DFAS Dimensional U.S. Small Cap ETF 0.7 26 9 5.5 +22.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.6 15 20 7.0 +23.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.6 15 20 7.0 +23.7
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.6 60 -25 1.4 +18.1
FYC First Trust Small Cap Growth AlphaDEX Fund 0.6 71 -36 -0.5 +16.2
LCF Touchstone US Large Cap Focused ETF 0.6 69 -34 4.1 +20.8
CGGO Capital Group Global Growth Equity ETF 0.6 47 -12 4.6 +21.3
VBR Vanguard Small Cap Value ETF 0.6 7 28 7.8 +24.5
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 -12 4.9 +21.6
WCEO Hypatia Women CEO ETF 0.6 85 -50 4.2 +20.9
IWN iShares Russell 2000 Value ETF 0.6 24 11 4.8 +21.5
FESM Fidelity Enhanced Small Cap ETF 0.6 28 7 1.7 +18.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 16 5.4 +22.1
VTWV Vanguard Russell 2000 Value ETF 0.6 15 20 4.9 +21.6
DFVX Dimensional US Large Cap Vector ETF 0.6 22 13 6.1 +22.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 26 5.8 +22.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.6 65 -30 4.3 +21.0
DON WisdomTree U.S. MidCap Dividend Fund 0.6 38 -3 7.7 +24.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.6 25 10 5.6 +22.3
AVIV Avantis International Large Cap Value ETF 0.6 25 10 9.0 +25.6
OPTZ Optimize Strategy Index ETF 0.5 50 -15 2.9 +19.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 -4 7.2 +23.9
REVS Columbia Research Enhanced Value ETF 0.5 19 16 7.4 +24.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 18 5.3 +22.0
TPIF Timothy Plan International ETF 0.5 62 -27 6.8 +23.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.5 40 -5 10.1 +26.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.5 29 6 8.6 +25.3
FNK First Trust Mid Cap Value AlphaDEX Fund 0.5 70 -35 10.0 +26.7
ISCB iShares Morningstar Small-Cap ETF 0.5 4 31 4.8 +21.4
FIVA Fidelity International Value Factor ETF 0.5 18 17 10.2 +26.9
SQLV Royce Quant Small-Cap Quality Value ETF 0.5 60 -25 7.1 +23.8
RODE Hartford Multifactor Diversified International ETF 0.5 29 6 11.8 +28.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.5 25 10 8.6 +25.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 -2 8.9 +25.6
AVDV Avantis International Small Cap Value ETF 0.5 36 -1 8.1 +24.8
IMCG iShares Morningstar Mid-Cap Growth ETF 0.5 6 29 4.0 +20.6
DCOR Dimensional US Core Equity 1 ETF 0.5 14 21 5.3 +22.0
ENOR iShares MSCI Norway ETF 0.5 53 -18 7.5 +24.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 -4 4.1 +20.8
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 26 5.7 +22.4
NORW Global X MSCI Norway ETF 0.5 50 -15 7.6 +24.3
AVUS Avantis U.S. Equity ETF 0.5 15 20 5.6 +22.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.5 20 15 7.6 +24.3
FVAL Fidelity Value Factor ETF 0.5 15 20 7.1 +23.8
DTH WisdomTree International High Dividend Fund 0.5 58 -23 10.1 +26.8
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 5 11.4 +28.1
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -10 7.0 +23.7
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.4 51 -16 7.1 +23.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -24 5.8 +22.5
WWJD Inspire International ETF 0.4 80 -45 7.3 +24.0
DEUS Xtrackers Russell US Multifactor ETF 0.4 17 18 6.9 +23.6
IWD iShares Russell 1000 Value ETF 0.4 19 16 6.1 +22.8
VONV Vanguard Russell 1000 Value ETF 0.4 8 27 6.3 +22.9
VTV Vanguard Value ETF 0.4 4 31 6.6 +23.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 26 3.3 +20.0
BFOR ALPS Barron's 400 ETF 0.4 65 -30 5.6 +22.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 10 7.2 +23.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.4 35 0 5.6 +22.3
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.4 40 -5 5.6 +22.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 17 5.8 +22.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.4 22 13 6.6 +23.3
VFMF Vanguard U.S. Multifactor ETF 0.4 18 17 8.5 +25.2
VB Vanguard Small-Cap ETF 0.4 5 30 4.9 +21.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 15 20 5.8 +22.5
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 6 6.5 +23.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.4 19 16 6.2 +22.9
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 20 5.8 +22.5
SCHA Schwab U.S. Small-Cap ETF 0.4 4 31 4.4 +21.1
FLDZ RiverNorth Patriot ETF 0.4 75 -40 5.2 +21.8
SCHV Schwab U.S. Large-Cap Value ETF 0.4 4 31 6.4 +23.1
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 23 7.8 +24.4
SIZE iShares MSCI USA Size Factor ETF 0.4 15 20 5.6 +22.3
VLUE iShares MSCI USA Value Factor ETF 0.4 15 20 10.2 +26.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.4 20 15 6.3 +22.9
QINT American Century Quality Diversified International ETF 0.4 39 -4 7.7 +24.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 -4 7.5 +24.2
VFMO Vanguard U.S. Momentum Factor ETF 0.4 13 22 2.1 +18.8
EWA iShares MSCI Australia ETF 0.4 50 -15 4.9 +21.5
TMFX Motley Fool Next Index ETF 0.4 50 -15 2.8 +19.4
IEDI iShares U.S. Consumer Focused ETF 0.3 18 17 5.1 +21.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 7.0 +23.7
IUSV iShares Core S&P US Value ETF 0.3 4 31 6.4 +23.1
DIHP Dimensional International High Profitability ETF 0.3 29 6 7.6 +24.3
DFAU Dimensional US Core Equity Market ETF 0.3 12 23 5.0 +21.7
VXF Vanguard Extended Market ETF 0.3 6 29 3.5 +20.2
GWX SPDR S&P International Small Cap ETF 0.3 40 -5 6.5 +23.2
IWM iShares Russell 2000 ETF 0.3 19 16 2.8 +19.5
MDY SPDR S&P Midcap 400 ETF Trust 0.3 24 11 6.2 +22.8
IJH iShares Core S&P Mid-Cap ETF 0.3 5 30 6.4 +23.0
EWJV iShares MSCI Japan Value ETF 0.3 15 20 10.2 +26.9
BKIE BNY Mellon International Equity ETF 0.3 4 31 7.1 +23.8
IVE iShares S&P 500 Value ETF 0.3 18 17 6.3 +22.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.3 4 31 6.4 +23.1
VOOV Vanguard S&P 500 Value ETF 0.3 10 25 6.3 +23.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 -26 4.6 +21.2
RSSL Global X Russell 2000 ETF 0.3 8 27 2.6 +19.3
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 32 6.4 +23.0
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 25 6.4 +23.1
VTWO Vanguard Russell 2000 ETF 0.3 10 25 2.9 +19.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 10 5.2 +21.9
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 23 6.2 +22.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 28 5.3 +22.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.3 49 -14 5.0 +21.6
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 17 6.4 +23.1
RNSC Furst Trust Small Cap US Equity Select ETF 0.3 60 -25 6.8 +23.5
FIDU Fidelity MSCI Industrial Index ETF 0.3 8 27 4.5 +21.2
SCHC Schwab International Small-Cap Equity ETF 0.3 11 24 6.6 +23.3
OALC OneAscent Large Cap Core ETF 0.3 86 -51 4.3 +21.0
EPS WisdomTree U.S. LargeCap Fund 0.3 8 27 5.9 +22.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 15 7.0 +23.7
FLHK Franklin FTSE Hong Kong ETF 0.3 9 26 6.8 +23.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.3 12 23 4.5 +21.2
EWG iShares MSCI Germany ETF 0.3 50 -15 6.4 +23.1
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 -1 4.6 +21.3
SHPP Pacer Industrials and Logistics ETF 0.3 60 -25 9.9 +26.5
PTL Inspire 500 ETF 0.3 9 26 5.6 +22.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.3 35 0 5.1 +21.8
FLGR Franklin FTSE Germany ETF 0.3 9 26 7.0 +23.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 -4 7.4 +24.1
VPL Vanguard FTSE Pacific ETF 0.3 8 27 7.7 +24.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 32 7.2 +23.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 -25 6.8 +23.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.3 75 -40 4.7 +21.3
EES WisdomTree U.S. SmallCap Fund 0.3 38 -3 9.1 +25.7
JAVA JPMorgan Active Value ETF 0.3 44 -9 5.7 +22.4
SMMD iShares Russell 2500 ETF 0.2 15 20 5.5 +22.2
GSPY Gotham Enhanced 500 ETF 0.2 50 -15 5.2 +21.9
APIE ActivePassive International Equity ETF 0.2 45 -10 8.1 +24.8
IPAC iShares Core MSCI Pacific ETF 0.2 9 26 7.2 +23.9
ILCV iShares Morningstar Value ETF 0.2 4 31 6.2 +22.9
DOL WisdomTree International LargeCap Dividend Fund 0.2 48 -13 7.9 +24.6
CATH Global X S&P 500 Catholic Values Custom ETF 0.2 29 6 4.9 +21.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 4.7 +21.4
DFIS Dimensional International Small Cap ETF 0.2 39 -4 6.9 +23.6
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 20 5.0 +21.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 25 5.3 +22.0
FLAU Franklin FTSE Australia ETF 0.2 9 26 5.4 +22.1
AVDE Avantis International Equity ETF 0.2 23 12 8.1 +24.7
DFIC Dimensional International Core Equity 2 ETF 0.2 23 12 7.7 +24.4
JHMD John Hancock Multifactor Developed International ETF 0.2 39 -4 7.8 +24.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 11 7.0 +23.7
USMF WisdomTree U.S. Multifactor Fund 0.2 28 7 7.1 +23.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 31 5.6 +22.3
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -30 5.3 +21.9
SPEU SPDR Portfolio Europe ETF 0.2 7 28 7.1 +23.8
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 6.4 +23.1
DFUS Dimensional U.S. Equity ETF 0.2 9 26 4.9 +21.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 15 6.9 +23.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 26 5.3 +22.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 4.9 +21.5
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 -7 6.1 +22.7
DWM WisdomTree International Equity Fund 0.2 48 -13 8.0 +24.6
BLES Inspire Global Hope ETF 0.2 61 -26 6.4 +23.1
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 32 5.1 +21.8
VTI Vanguard Total Stock Market ETF 0.2 3 32 4.7 +21.4
IWV iShares Russell 3000 ETF 0.2 20 15 4.7 +21.3
VTHR Vanguard Russell 3000 ETF 0.2 10 25 4.7 +21.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 32 4.8 +21.5
EFV iShares MSCI EAFE Value ETF 0.2 34 1 9.4 +26.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 17 7.0 +23.7
RECS Columbia Research Enhanced Core ETF 0.2 15 20 5.5 +22.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 7.9 +24.6
XVV iShares ESG Screened S&P 500 ETF 0.2 8 27 4.9 +21.6
IWB iShares Russell 1000 ETF 0.2 15 20 4.8 +21.5
VONE Vanguard Russell 1000 ETF 0.2 8 27 4.9 +21.6
IYY iShares Dow Jones U.S. ETF 0.2 20 15 4.8 +21.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 -10 8.9 +25.6
IUS Invesco RAFI Strategic US ETF 0.2 19 16 6.8 +23.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 0 6.2 +22.9
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 -7 6.1 +22.8
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 -17 6.5 +23.2
ISMD Inspire Small/Mid Cap ETF 0.2 54 -19 5.3 +22.0
SCHB Schwab U.S. Broad Market ETF 0.2 3 32 4.9 +21.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.2 20 15 4.8 +21.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.2 11 24 4.8 +21.5
SCHK Schwab 1000 Index ETF 0.2 5 30 5.0 +21.7
IVV iShares Core S&P 500 ETF 0.2 3 32 5.0 +21.7
SPLG SPDR Portfolio S&P 500 ETF 0.2 2 33 5.0 +21.7
SPY SPDR S&P 500 ETF Trust 0.2 9 26 5.0 +21.6
VOO Vanguard S&P 500 ETF 0.2 3 32 5.0 +21.7
VV Vanguard Large-Cap ETF 0.2 4 31 4.9 +21.6
STXK Strive Small-Cap ETF 0.2 18 17 5.0 +21.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 5 7.3 +24.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 28 6.7 +23.4
SCHX Schwab U.S. Large-Cap ETF 0.2 3 32 5.0 +21.7
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 32 4.9 +21.6
DFAI Dimensional International Core Equity Market ETF 0.2 18 17 7.3 +24.0
PKW Invesco Buyback Achievers ETF 0.2 62 -27 6.4 +23.1
SFY SoFi Select 500 ETF 0.2 0 35 4.5 +21.1
SPXN ProShares S&P 500 Ex-Financials ETF 0.2 9 26 5.1 +21.7
SPXV ProShares S&P 500 Ex-Health Care ETF 0.2 9 26 4.7 +21.4
VEA Vanguard FTSE Developed Markets ETF 0.2 5 30 7.3 +24.0
VSGX Vanguard ESG International Stock ETF 0.2 12 23 6.8 +23.4
STXV Strive 1000 Value ETF 0.2 18 17 7.5 +24.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.2 9 26 4.9 +21.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 6 6.5 +23.2
FLGB Franklin FTSE United Kingdom ETF 0.2 9 26 7.9 +24.6
DXJ WisdomTree Japan Hedged Equity Fund 0.2 48 -13 8.5 +25.2
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.2 60 -25 4.0 +20.7
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 -14 5.6 +22.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 5 8.0 +24.6
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 -3 6.8 +23.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 5.5 +22.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 9.9 +26.5
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 20 6.8 +23.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 14 3.8 +20.5
SCHF Schwab International Equity ETF 0.1 6 29 7.5 +24.2
RVRB Reverb ETF 0.1 30 5 4.7 +21.4
EWC iShares MSCI Canada ETF 0.1 50 -15 6.5 +23.2
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 31 7.1 +23.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -4 6.8 +23.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 4.9 +21.6
SNPV Xtrackers S&P 500 Value ESG ETF 0.1 15 20 6.4 +23.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 5.1 +21.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.1 47 -12 7.4 +24.1
EWJ iShares MSCI Japan ETF 0.1 50 -15 8.0 +24.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 10 6.8 +23.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 15 6.5 +23.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 29 2.3 +18.9
DFIV Dimensional International Value ETF 0.1 27 8 10.0 +26.7
ACVF American Conservative Values ETF 0.1 75 -40 4.2 +20.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 28 4.9 +21.6
BBJP JPMorgan BetaBuilders Japan ETF 0.1 19 16 7.8 +24.5
EFA iShares MSCI EAFE ETF 0.1 35 0 6.9 +23.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -29 1.8 +18.5
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 7.1 +23.8
VXUS Vanguard Total International Stock ETF 0.1 7 28 7.2 +23.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 33 5.0 +21.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 35 5.0 +21.7
VOTE TCW Transform 500 ETF 0.1 5 30 4.9 +21.6
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 20 5.9 +22.6
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 7.7 +24.4
FLJP Franklin FTSE Japan ETF 0.1 9 26 7.8 +24.5
VBK Vanguard Small-Cap Growth ETF 0.1 7 28 1.1 +17.8
VGK Vanguard FTSE Europe ETF 0.1 11 24 7.1 +23.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 27 7.3 +23.9
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 26 7.7 +24.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 6.9 +23.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 26 5.4 +22.1
SNPG Xtrackers S&P 500 Growth ESG ETF 0.1 15 20 4.7 +21.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 20 4.9 +21.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 6.6 +23.3
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 26 7.1 +23.8
VYM Vanguard High Dividend Yield Index ETF 0.1 6 29 6.8 +23.5
ILCG iShares Morningstar Growth ETF 0.1 4 31 3.9 +20.6
HLAL Wahed FTSE USA Shariah ETF 0.1 50 -15 4.9 +21.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 6.6 +23.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 -5 6.6 +23.3
BBCA JPMorgan BetaBuilders Canada ETF 0.1 19 16 6.6 +23.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 15 4.6 +21.3
JHSC John Hancock Multifactor Small Cap ETF 0.1 42 -7 6.6 +23.2
DTD WisdomTree U.S. Total Dividend Fund 0.1 28 7 6.0 +22.7
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 25 5.1 +21.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -35 6.2 +22.8
IEV iShares Europe ETF 0.1 67 -32 6.6 +23.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 -6 7.4 +24.1
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 17 6.4 +23.1
DEW WisdomTree Global High Dividend Fund 0.1 58 -23 8.5 +25.2
JHML John Hancock Multifactor Large Cap ETF 0.1 29 6 5.3 +22.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 1 7.0 +23.6
IGRO iShares International Dividend Growth ETF 0.1 15 20 7.5 +24.2
FLEU Franklin FTSE Eurozone ETF 0.1 9 26 7.3 +24.0
IVW iShares S&P 500 Growth ETF 0.1 18 17 4.5 +21.2
SPYG SPDR Portfolio S&P 500 Growth ETF 0.1 4 31 4.6 +21.3
VOOG Vanguard S&P 500 Growth ETF 0.1 10 25 4.6 +21.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 21 6.2 +22.9
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 28 7.2 +23.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 6.8 +23.5
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 17 5.3 +22.0
APUE ActivePassive U.S. Equity ETF 0.1 45 -10 4.8 +21.5
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 31 4.7 +21.3
EZU iShares MSCI Eurozone ETF 0.1 52 -17 6.6 +23.3
VT Vanguard Total World Stock ETF 0.1 7 28 5.5 +22.2
FLEE Franklin FTSE Europe ETF 0.1 9 26 7.2 +23.8
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 5.1 +21.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 5 6.3 +23.0
STXM Strive Mid-Cap ETF 0.1 18 17 6.1 +22.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 7.1 +23.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 -10 6.5 +23.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 6 6.4 +23.1
SHE SPDR MSCI USA Gender Diversity ETF 0.1 20 15 4.9 +21.6
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 26 4.8 +21.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 4.5 +21.2
DSI iShares MSCI KLD 400 Social ETF 0.1 25 10 5.0 +21.7
URTH iShares MSCI World ETF 0.1 24 11 5.2 +21.9
IEUR iShares Core MSCI Europe ETF 0.1 11 24 7.1 +23.7
ACWI iShares MSCI ACWI ETF 0.1 32 3 5.3 +22.0
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -24 2.8 +19.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 2 8.2 +24.9
DIVB iShares Core Dividend ETF 0.1 5 30 7.5 +24.2
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 -7 4.5 +21.2
VYMI Vanguard International High Dividend Yield ETF 0.0 22 13 9.8 +26.5
TOK iShares MSCI Kokusai ETF 0.0 26 9 5.0 +21.7
STRV Strive 500 ETF 0.0 5 30 4.9 +21.6
IWO iShares Russell 2000 Growth ETF 0.0 24 11 0.6 +17.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 26 5.2 +21.9
DLN WisdomTree U.S. LargeCap Dividend Fund 0.0 28 7 5.7 +22.4
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 20 0.7 +17.4
SUSL iShares ESG MSCI USA Leaders ETF 0.0 10 25 5.1 +21.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 26 5.4 +22.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 -4 5.8 +22.5
LRGF iShares U.S. Equity Factor ETF 0.0 8 27 5.6 +22.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.0 10 25 5.1 +21.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 21 5.0 +21.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.0 46 -11 6.5 +23.2
PBUS Invesco MSCI USA ETF 0.0 4 31 5.0 +21.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.9 +22.6
INTF iShares International Equity Factor ETF 0.0 15 20 8.2 +24.8
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 12 3.1 +19.8
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 20 5.7 +22.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 5 6.9 +23.6
SQEW LeaderShares Equity Skew ETF 0.0 81 -46 3.9 +20.6
IWC iShares Micro-Cap ETF 0.0 60 -25 -4.9 +11.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 20 4.6 +21.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 11 6.5 +23.2
DHS WisdomTree U.S. High Dividend Fund 0.0 38 -3 7.6 +24.2
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -30 4.7 +21.4
TEQI T. Rowe Price Equity Income ETF 0.0 54 -19 3.8 +20.5
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.5 +21.1
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.6 +21.2
TDVG T. Rowe Price Dividend Growth ETF 0.0 50 -15 4.8 +21.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.5 +21.1

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Themes Airlines 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 -25.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score -16.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.53
 
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.