Themes Gold Miners ETF
ALTAR
Score™		 2.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 23.1x P/Sales
ratio		 5.6x
P/BV
ratio		 4.3x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Gold Miners ETF seeks to provide investors with exposure to companies involved in the gold mining industry, aiming for capital appreciation and potential income through investments in gold-related securities.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/AUMI/
Inception date Dec 12, 2023
Assets (mns) $34
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 30
Wgt avg mkt cap (mns) $17,804
Large cap (>$10bn) 29.5%
Mid cap ($2-10bn) 44.1%
Small cap (<$2bn) 26.4%
Developed mkts 83.4%
Emerging mkts 16.6%

TOP TEN HOLDINGS
ALAMOS GOLD INC. 5.2 %
ENDEAVOUR MINING CORPORATION 5.1 %
AGNICO-EAGLE MINES LTD 4.9 %
ANGLOGOLD ASHANTI-SPON ADR 4.8 %
KINROSS GOLD CORP 4.8 %
LUNDIN GOLD INC. 4.7 %
DPM METALS INC 4.7 %
EQUINOX GOLD CORP. 4.6 %
IAMGOLD CORP 4.5 %
GOLD FIELDS LTD-SPONS ADR 4.4 %
Total 47.5 %

TOP COUNTRY EXPOSURE
CANADA 57.8 %
AUSTRALIA 21.8 %
SOUTH AFRICA 11.2 %
BRITAIN 5.1 %
CHINA 3.9 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 106.1% -- -- 78.3%

Market Correlations
versus... Beta R-squared
S&P500 0.48 3%
MSCI EAFE 1.16 17%
MSCI Emg. Mkts. 1.04 18%

Technical Indicators
Recent close $105.38
30d moving avg. $100.32
Annualized volatility 33.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 7
Turnover 2.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $182

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 235 potential alternatives to the Themes Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with AUMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AUMI Expense: 35 bp ALTAR Score™: 2.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AUMI
Ticker Fund
Name		 Overlap1
vs AUMI
(%)		 Expense
ratio
(bp)		 Savings
vs AUMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AUMI
(%)
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 33.7 60 -25 1.8 -0.8
SGDM Sprott Gold Miners ETF 32.9 50 -15 2.3 -0.3
RING iShares MSCI Global Gold Miners ETF 26.2 39 -4 2.9 +0.3
GDX VanEck Gold Miners ETF 21.4 51 -16 2.4 -0.2
AUAU Global X Gold Miners ETF 20.5 35 0 2.1 -0.5
GDXJ VanEck Junior Gold Miners ETF 19.5 52 -17 2.3 -0.3
ABLD Abacus FCF Real Assets Leaders ETF 15.4 69 -34 6.1 +3.6
SLVP iShares MSCI Global Silver Miners ETF 14.1 39 -4 3.5 +0.9
JIVE JPMorgan International Value ETF 12.1 55 -20 8.4 +5.8
IMOM Alpha Architect International Quantitative Momentum ETF 11.8 49 -14 4.1 +1.5
FFTY Innovator IBD 50 ETF 11.0 80 -45 0.0 -2.6
NANR SPDR S&P North American Natural Resources ETF 8.8 35 0 6.0 +3.5
CGV Conductor Global Equity Value ETF 8.3 130 -95 7.4 +4.8
AFK VanEck Africa Index ETF 8.0 98 -63 10.3 +7.8
SGDJ Sprott Junior Gold Miners ETF 6.9 50 -15 1.8 -0.8
EWC iShares MSCI Canada ETF 6.1 50 -15 5.2 +2.6
IVAL Alpha Architect International Quantitative Value ETF 6.1 49 -14 7.5 +5.0
MXI iShares Global Materials ETF 5.6 41 -6 5.7 +3.1
GPT Intelligent Alpha Atlas ETF 5.0 69 -34 6.2 +3.6
GNR SPDR S&P Global Natural Resources ETF 4.9 40 -5 8.0 +5.4
ABEQ Absolute Select Value ETF 4.9 85 -50 4.3 +1.7
FXZ First Trust Materials AlphaDEX Fund 4.8 61 -26 6.7 +4.2
AVDV Avantis International Small Cap Value ETF 4.7 36 -1 7.7 +5.1
FTWO Strive FAANG 2.0 ETF 4.6 49 -14 3.6 +1.1
LIVR Intelligent Livermore ETF 4.4 69 -34 2.9 +0.3
FTRI First Trust Indxx Global Natural Resources Income ETF 4.2 70 -35 6.0 +3.4
AADR AdvisorShares Dorsey Wright ADR ETF 4.0 110 -75 2.8 +0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 3.8 75 -40 4.2 +1.7
FLCA Franklin FTSE Canada ETF 3.8 9 26 5.5 +3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.5 46 -11 7.2 +4.7
BBCA JPMorgan BetaBuilders Canada ETF 3.3 19 16 5.5 +2.9
AVDS Avantis International Small Cap Equity ETF 3.3 30 5 6.0 +3.4
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 -4 7.9 +5.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -45 6.7 +4.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.1 80 -45 3.4 +0.9
HYP Golden Eagle Dynamic Hypergrowth ETF 3.1 85 -50 -0.8 -3.3
LST Leuthold Select Industries ETF 2.9 91 -56 5.1 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 -35 3.9 +1.4
DSTX Distillate International Fundamental Stability & Value ETF 2.6 55 -20 6.5 +4.0
DIVL Madison Dividend Value ETF 2.5 65 -30 4.7 +2.2
FPXI First Trust International Equity Opportunities ETF 2.5 70 -35 4.0 +1.4
ABLG Abacus FCF International Leaders ETF 2.5 59 -24 6.2 +3.6
AKAF The Frontier Economic Fund 2.5 20 15 5.2 +2.6
FDEV Fidelity International Multifactor ETF 2.4 18 17 7.0 +4.4
CBSE Clough Select Equity ETF 2.4 85 -50 0.4 -2.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.4 8 27 6.3 +3.7
IMTM iShares MSCI Intl Momentum Factor ETF 2.3 30 5 4.7 +2.1
QVAL Alpha Architect US Quantitative Value ETF 2.3 39 -4 9.6 +7.0
AVIV Avantis International Large Cap Value ETF 2.3 25 10 6.8 +4.3
COLO Global X MSCI Colombia ETF 2.2 62 -27 15.5 +12.9
VIDI Vident International Equity Strategy ETF 2.2 61 -26 8.4 +5.8
MBOX Freedom Day Dividend ETF 2.1 39 -4 7.1 +4.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.1 39 -4 1.1 -1.5
HAP VanEck Natural Resources ETF 2.1 50 -15 6.4 +3.8
DFIS Dimensional International Small Cap ETF 1.9 39 -4 6.1 +3.5
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 10 5.1 +2.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 -45 8.9 +6.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.7 12 23 5.3 +2.7
SCHC Schwab International Small-Cap Equity ETF 1.7 11 24 6.5 +4.0
FLAU Franklin FTSE Australia ETF 1.6 9 26 5.6 +3.1
EWA iShares MSCI Australia ETF 1.6 50 -15 5.0 +2.5
FRGN Horizon International Equity ETF 1.6 75 -40 8.1 +5.6
AVDE Avantis International Equity ETF 1.5 23 12 6.1 +3.6
OAIM OneAscent International Equity ETF 1.5 95 -60 4.6 +2.0
FCA First Trust China AlphaDEX Fund 1.5 80 -45 6.8 +4.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 -15 5.7 +3.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.3 19 16 5.2 +2.6
FEGE First Eagle Global Equity ETF 1.2 79 -44 6.1 +3.5
AVES Avantis Emerging Markets Value ETF 1.2 36 -1 9.0 +6.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 -14 6.0 +3.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 5 6.4 +3.8
IDEV iShares Core MSCI International Developed Markets ETF 1.1 4 31 6.0 +3.4
QINT American Century Quality Diversified International ETF 1.1 39 -4 6.6 +4.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 -4 7.0 +4.4
ROE Astoria US Quality Kings ETF 1.1 49 -14 5.7 +3.1
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -30 3.9 +1.3
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 -5 6.1 +3.5
WSML iShares MSCI World Small-Cap ETF 1.0 15 20 5.5 +3.0
GWX SPDR S&P International Small Cap ETF 1.0 40 -5 5.9 +3.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.0 90 -55 4.0 +1.5
DXIV Dimensional International Vector Equity ETF 1.0 34 1 6.5 +3.9
EPP iShares MSCI Pacific ex-Japan ETF 1.0 47 -12 4.8 +2.2
IQLT iShares MSCI Intl Quality Factor ETF 1.0 30 5 5.4 +2.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 -30 7.7 +5.2
EWUS iShares MSCI United Kingdom Small Cap ETF 1.0 59 -24 7.3 +4.7
VSGX Vanguard ESG International Stock ETF 1.0 10 25 6.8 +4.2
PIEL Pacer International Export Leaders ETF 1.0 60 -25 4.3 +1.8
PPIE Putnam PanAgora ESG International Equity ETF 1.0 49 -14 6.4 +3.9
VEA Vanguard FTSE Developed Markets ETF 1.0 3 32 6.0 +3.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 32 5.9 +3.4
ISCF iShares International SmallCap Equity Factor ETF 0.9 23 12 7.2 +4.6
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 13 5.1 +2.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 -6 5.2 +2.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.9 80 -45 7.6 +5.0
FRDM Freedom 100 Emerging Markets ETF 0.9 49 -14 5.9 +3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 -4 6.7 +4.2
SCHF Schwab International Equity ETF 0.8 6 29 6.1 +3.5
DIHP Dimensional International High Profitability ETF 0.8 29 6 5.7 +3.1
IXUS iShares Core MSCI Total International Stock ETF 0.8 7 28 6.7 +4.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 -4 6.1 +3.5
AVSD Avantis Responsible International Equity ETF 0.8 23 12 6.0 +3.4
DFIC Dimensional International Core Equity 2 ETF 0.8 23 12 6.2 +3.6
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 -9 8.0 +5.4
VXUS Vanguard Total International Stock ETF 0.7 5 30 6.7 +4.2
INTF iShares International Equity Factor ETF 0.7 15 20 6.4 +3.9
STXI Strive International Developed Markets ETF 0.7 29 6 6.2 +3.6
UIVM VictoryShares International Value Momentum ETF 0.7 35 0 8.2 +5.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 -2 5.6 +3.0
IGRO iShares International Dividend Growth ETF 0.7 15 20 6.7 +4.1
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 11 5.6 +3.0
TPIF Timothy Plan International ETF 0.6 62 -27 5.5 +2.9
FEOE First Eagle Overseas Equity ETF 0.6 79 -44 6.2 +3.6
IPAC iShares Core MSCI Pacific ETF 0.6 9 26 5.5 +3.0
YNOT Horizon Digital Frontier ETF 0.6 75 -40 2.8 +0.2
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -45 8.6 +6.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 1 6.4 +3.9
DFAI Dimensional International Core Equity Market ETF 0.6 18 17 6.0 +3.4
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 5 6.5 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 10 6.1 +3.6
BKIE BNY Mellon International Equity ETF 0.6 4 31 6.0 +3.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 -23 7.4 +4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 31 6.8 +4.3
GVLU Gotham 1000 Value ETF 0.5 50 -15 8.4 +5.8
CGGO Capital Group Global Growth Equity ETF 0.5 47 -12 4.4 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.5 33 2 7.4 +4.8
CIL VictoryShares International Volatility Wtd ETF 0.5 45 -10 5.8 +3.2
VPL Vanguard FTSE Pacific ETF 0.5 7 28 5.5 +2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 -7 4.1 +1.5
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 25 6.1 +3.5
WWJD Inspire International ETF 0.5 80 -45 6.2 +3.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.5 33 2 6.6 +4.0
GLBL Pacer MSCI World Industry Advantage ETF 0.5 65 -30 3.7 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 -6 7.1 +4.5
GQQQ Astoria US Quality Growth Kings ETF 0.4 35 0 3.6 +1.0
IVRA Invesco Real Assets ESG ETF 0.4 59 -24 6.2 +3.6
GINX SGI Enhanced Global Income ETF 0.4 98 -63 6.7 +4.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 17 6.5 +3.9
DISV Dimensional International Small Cap Value ETF 0.4 42 -7 8.1 +5.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.4 53 -18 5.5 +3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -2 7.0 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -6 6.2 +3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 15 5.0 +2.4
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 0 7.3 +4.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 -3 7.3 +4.7
AVSE Avantis Responsible Emerging Markets Equity ETF 0.4 33 2 7.1 +4.5
IVSI Applied Finance IVS International LrgETF 0.4 65 -30 6.0 +3.5
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -23 7.3 +4.7
JHMD John Hancock Multifactor Developed International ETF 0.4 39 -4 6.1 +3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.6 +2.1
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 10 4.8 +2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 6.9 +4.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.3 38 -3 4.0 +1.5
KLMN Invesco MSCI North America Climate ETF 0.3 9 26 4.5 +2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 26 5.1 +2.5
APIE ActivePassive International Equity ETF 0.3 45 -10 6.4 +3.9
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 6.5 +3.9
VT Vanguard Total World Stock ETF 0.3 6 29 5.2 +2.7
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 -7 6.7 +4.2
MCHI iShares MSCI China ETF 0.3 59 -24 18.9 +16.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -48 7.6 +5.1
TOK iShares MSCI Kokusai ETF 0.3 26 9 4.5 +1.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.3 42 -7 5.7 +3.1
BLES Inspire Global Hope ETF 0.3 61 -26 5.9 +3.3
IEFA iShares Core MSCI EAFE ETF 0.2 7 28 6.0 +3.5
URTH iShares MSCI World ETF 0.2 24 11 4.5 +2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 5.4 +2.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 -23 5.4 +2.8
GEW Cambria Global EW ETF 0.2 29 6 5.5 +2.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 7.5 +5.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 5.0 +2.5
EFG iShares MSCI EAFE Growth ETF 0.2 36 -1 3.8 +1.2
ACWI iShares MSCI ACWI ETF 0.2 32 3 4.9 +2.3
GLOF iShares Global Equity Factor ETF 0.2 20 15 5.8 +3.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 6.8 +4.2
MNZL Manzil Russell Halal USA Broad MarketETF 0.2 40 -5 4.1 +1.6
USEW Cambria US EW ETF 0.2 30 5 4.3 +1.8
FLCH Franklin FTSE China ETF 0.2 19 16 16.8 +14.2
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 25 5.2 +2.6
GXC SPDR S & P China ETF 0.2 59 -24 17.6 +15.0
DWM WisdomTree International Equity Fund 0.2 48 -13 5.6 +3.0
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 8.1 +5.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 10 6.5 +3.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 -5 5.6 +3.0
IQSI IQ Candriam International Equity ETF 0.2 15 20 5.6 +3.0
DFIV Dimensional International Value ETF 0.2 27 8 7.7 +5.1
FENI Fidelity Enhanced International ETF 0.2 28 7 5.8 +3.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 26 4.6 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.2 40 -5 6.6 +4.0
BKF iShares MSCI BIC ETF 0.2 69 -34 13.6 +11.0
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -23 6.1 +3.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 0 5.7 +3.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 0 4.6 +2.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 5.8 +3.2
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 4.3 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 5.4 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 5.9 +3.3
ECON Columbia Emerging Markets Consumer ETF 0.1 49 -14 7.3 +4.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 15 5.6 +3.0
RVRB Reverb ETF 0.1 30 5 4.0 +1.5
EFA iShares MSCI EAFE ETF 0.1 35 0 5.7 +3.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 5 5.2 +2.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 15 5.6 +3.0
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 11 5.8 +3.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 -14 8.1 +5.6
GXLC Global X U.S. 500 ETF 0.1 2 33 4.3 +1.7
DOL WisdomTree International LargeCap Dividend Fund 0.1 48 -13 5.7 +3.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 -7 4.4 +1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 1 5.2 +2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -35 7.5 +4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 5 8.5 +5.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.6 +5.1
SCHE Schwab Emerging Markets Equity ETF 0.1 11 24 9.5 +7.0
EEM iShares MSCI Emerging Markets ETF 0.1 69 -34 8.2 +5.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 5.7 +3.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 28 9.2 +6.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 5 8.0 +5.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 26 6.6 +4.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 24 8.3 +5.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -31 7.6 +5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 20 9.3 +6.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 -1 8.0 +5.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 20 8.4 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 26 8.5 +6.0
DAK Dakota Active Equity ETF 0.0 43 -8 3.9 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 9.0 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 -10 8.5 +5.9
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 9.6 +7.0
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 17 0.0 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 0.0 31 4 5.6 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 8.8 +6.3
IEUR iShares Core MSCI Europe ETF 0.0 11 24 6.3 +3.7
VGK Vanguard FTSE Europe ETF 0.0 6 29 6.5 +3.9
SPEU SPDR Portfolio Europe ETF 0.0 7 28 6.4 +3.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 -14 7.9 +5.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 6.0 +3.4

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 Gold 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 12.0 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.64
 
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.