Themes Copper Miners ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 18.0x P/Sales
ratio		 1.0x
P/BV
ratio		 1.5x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Copper Miners ETF seeks to provide investors with exposure to companies that are engaged in the mining, production, and distribution of copper, capitalizing on the growing demand for the metal in various industries.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/COPA/
Inception date Sep 23, 2024
Assets (mns) $0
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) $19,808
Large cap (>$10bn) 38.3%
Mid cap ($2-10bn) 38.9%
Small cap (<$2bn) 21.1%
Developed mkts 86.7%
Emerging mkts 13.3%

TOP TEN HOLDINGS
FREEPORT-MCMORAN COPPER 10.0 %
FIRST QUANTUM MINERALS LTD 5.3 %
BHP BILLITON LTD 4.7 %
ANTOFAGASTA PLC 4.2 %
SOUTHERN COPPER CORP 4.1 %
CHINA NONFERROUS MINING CORP. LTD. 3.8 %
JIUJIANG DEFU TECHNOLOGY CO LTD 3.7 %
CAPSTONE MINING CORP 3.6 %
LUNDIN MINING CORP 3.5 %
GLENCORE INTERNATIONAL PLC 3.4 %
Total 46.4 %

TOP COUNTRY EXPOSURE
CANADA 31.0 %
UNITED STATES 14.1 %
AUSTRALIA 12.1 %
CHINA 8.3 %
BRITAIN 5.2 %
HONG KONG 4.7 %
JAPAN 3.6 %
SWITZERLAND 3.4 %
PERU 2.6 %
GERMANY 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.6% -- -- -- -16.2%

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

Technical Indicators
Recent close $23.42
30d moving avg. $22.05
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 5.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $702

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 441 potential alternatives to the Themes Copper Miners ETF ETF based on the alternatives' overlap in portfolio holdings with COPA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COPA Expense: 35 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COPA
Ticker Fund
Name		 Overlap1
vs COPA
(%)		 Expense
ratio
(bp)		 Savings
vs COPA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs COPA
(%)
COPX Global X Copper Miners ETF 60.3 65 -30 8.8 +1.4
ICOP iShares Copper and Metals Mining ETF 47.9 47 -12 9.8 +2.4
GMET VanEck Green Metals ETF 34.6 63 -28 10.7 +3.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 29.7 85 -50 10.5 +3.1
BATT Amplify Lithium & Battery Technology ETF 23.8 59 -24 3.7 -3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 23.1 39 -4 14.0 +6.7
SETM Sprott Energy Transition Materials ETF 17.7 65 -30 4.4 -3.0
DMAT Global X Disruptive Materials ETF 17.7 59 -24 10.7 +3.4
COPJ Sprott Junior Copper Miners ETF 14.3 75 -40 1.9 -5.5
EV Mast Global Battery Recycling & Production ETF 13.7 65 -30 10.7 +3.4
ION ProShares S&P Global Core Battery Metals ETF 12.0 58 -23 12.6 +5.3
GNR SPDR S&P Global Natural Resources ETF 11.2 40 -5 11.7 +4.3
MXI iShares Global Materials ETF 10.7 41 -6 8.0 +0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 9.9 46 -11 10.6 +3.3
FTRI First Trust Indxx Global Natural Resources Income ETF 9.6 70 -35 8.6 +1.2
EPU iShares MSCI Peru and Global Exposure ETF 8.7 59 -24 7.8 +0.5
CCNR ALPS CoreCommodity Natural Resources ETF 8.4 39 -4 12.1 +4.7
IYM iShares U.S. Basic Materials ETF 8.4 40 -5 6.9 -0.5
AGMI Themes Silver Miners ETF 8.1 35 0 6.3 -1.1
NANR SPDR S&P North American Natural Resources ETF 6.7 35 0 8.7 +1.4
CGXU Capital Group International Focus Equity ETF 6.4 54 -19 5.8 -1.6
AFK VanEck Africa Index ETF 5.6 98 -63 12.3 +5.0
XME SPDR S&P Metals & Mining ETF 5.2 35 0 9.8 +2.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 4.7 19 16 6.2 -1.2
FLAU Franklin FTSE Australia ETF 4.7 9 26 6.3 -1.1
DVYA iShares Asia/Pacific Dividend ETF 4.7 49 -14 8.7 +1.3
EPP iShares MSCI Pacific ex-Japan ETF 4.7 47 -12 5.5 -1.9
EWA iShares MSCI Australia ETF 4.7 50 -15 6.0 -1.4
XLB Materials Select Sector SPDR Fund 4.6 8 27 6.2 -1.2
FTWO Strive FAANG 2.0 ETF 4.4 49 -14 4.8 -2.6
CCSO Carbon Collective Climate Solutions US Equity ETF 4.3 35 0 1.2 -6.2
VAW Vanguard Materials ETF 4.3 10 25 6.5 -0.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.0 40 -5 7.8 +0.4
FMAT Fidelity MSCI Materials Index ETF 4.0 8 27 6.5 -0.9
IVAL Alpha Architect International Quantitative Value ETF 3.9 49 -14 11.5 +4.1
FXZ First Trust Materials AlphaDEX Fund 3.8 61 -26 11.5 +4.1
SCHY Schwab International Dividend Equity ETF 3.6 14 21 9.7 +2.4
SILJ ETFMG Prime Junior Silver Miners ETF 3.6 69 -34 2.7 -4.7
HAP VanEck Natural Resources ETF 3.1 50 -15 10.1 +2.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.0 65 -30 12.1 +4.7
LIVR Intelligent Livermore ETF 3.0 69 -34 6.5 -0.9
IDV iShares International Select Dividend ETF 2.8 51 -16 12.0 +4.6
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.7 65 -30 -1.5 -8.9
SIL Global X Silver Miners ETF 2.6 65 -30 3.4 -3.9
PPIE Putnam PanAgora ESG International Equity ETF 2.5 49 -14 7.6 +0.2
KNO AXS Knowledge Leaders ETF 2.5 78 -43 6.1 -1.3
GDXJ VanEck Junior Gold Miners ETF 2.4 52 -17 5.1 -2.3
TTAI FCF International Quality ETF 2.3 59 -24 7.1 -0.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.3 45 -10 4.4 -3.0
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 -12 9.3 +1.9
GOEX Global X Gold Explorers ETF 2.2 65 -30 4.8 -2.6
SGDJ Sprott Junior Gold Miners ETF 2.2 50 -15 5.7 -1.7
AUMI Themes Gold Miners ETF 2.2 35 0 6.2 -1.2
FIVA Fidelity International Value Factor ETF 2.2 18 17 10.5 +3.1
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.1 60 -25 9.4 +2.0
IGE iShares North American Natural Resources ETF 2.1 41 -6 8.1 +0.8
URA Global X Uranium ETF 2.1 69 -34 2.8 -4.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.1 42 -7 6.7 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 -12 8.6 +1.2
FLGB Franklin FTSE United Kingdom ETF 2.0 9 26 8.0 +0.6
FICS First Trust International Developed Capital Strength ETF 2.0 70 -35 6.1 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 -15 12.6 +5.2
BRAZ Global X Brazil Active ETF 1.9 75 -40 12.9 +5.6
BBCA JPMorgan BetaBuilders Canada ETF 1.9 19 16 6.8 -0.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.9 85 -50 3.9 -3.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.8 58 -23 6.8 -0.6
EWC iShares MSCI Canada ETF 1.8 50 -15 6.5 -0.9
FPAG FPA Global Equity ETF 1.8 49 -14 6.1 -1.3
SAGP Strategas Global Policy Opportunities ETF 1.8 65 -30 5.4 -2.0
IQDG WisdomTree International Quality Dividend Growth Fund 1.8 42 -7 7.1 -0.3
EFV iShares MSCI EAFE Value ETF 1.8 34 1 9.4 +2.0
ILF iShares Latin America 40 ETF 1.8 48 -13 13.0 +5.6
IPAC iShares Core MSCI Pacific ETF 1.8 9 26 7.0 -0.4
IDHQ Invesco S&P International Developed High Quality ETF 1.8 29 6 6.7 -0.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.8 60 -25 4.2 -3.2
LVHI Franklin International Low Volatility High Dividend Index ET 1.8 40 -5 10.8 +3.5
AGQI First Trust Active Global Quality Income ETF 1.8 85 -50 5.0 -2.4
FNDF Schwab Fundamental International Large Co. Index ETF 1.7 25 10 10.0 +2.6
DINT Davis Select International ETF 1.7 55 -20 8.2 +0.8
DWLD Davis Select Worldwide ETF 1.7 63 -28 7.6 +0.3
EWU iShares MSCI United Kingdom ETF 1.7 50 -15 8.6 +1.2
ECML Euclidean Fundamental Value ETF 1.6 95 -60 13.1 +5.7
UMMA Wahed Dow Jones Islamic World ETF 1.6 65 -30 5.3 -2.1
VPL Vanguard FTSE Pacific ETF 1.6 8 27 7.5 +0.2
IQLT iShares MSCI Intl Quality Factor ETF 1.5 30 5 6.3 -1.1
DIVI Franklin International Core Dividend Tilt Index ETF 1.5 9 26 8.2 +0.8
BIBL Inspire 100 ETF 1.5 35 0 5.3 -2.1
DTH WisdomTree International High Dividend Fund 1.5 58 -23 9.1 +1.7
FEP First Trust Europe AlphaDEX Fund 1.5 80 -45 9.6 +2.2
SCHC Schwab International Small-Cap Equity ETF 1.4 11 24 7.1 -0.3
OAIM OneAscent International Equity ETF 1.4 95 -60 6.2 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.4 45 -10 9.2 +1.8
DUSA Davis Select U.S. Equity ETF 1.4 61 -26 7.7 +0.3
DOL WisdomTree International LargeCap Dividend Fund 1.4 48 -13 7.5 +0.1
DISV Dimensional International Small Cap Value ETF 1.4 42 -7 9.8 +2.4
GDX VanEck Gold Miners ETF 1.3 51 -16 4.8 -2.6
HAPY Harbor Human Capital Factor Unconstrained ETF 1.3 50 -15 5.7 -1.7
EWD iShares MSCI Sweden ETF 1.3 54 -19 5.4 -1.9
CRTC Xtrackers US National Critical Technologies ETF 1.3 35 0 5.1 -2.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.2 58 -23 6.8 -0.6
IVLU iShares MSCI Intl Value Factor ETF 1.2 30 5 11.0 +3.6
VYMI Vanguard International High Dividend Yield ETF 1.2 22 13 9.9 +2.5
AVDV Avantis International Small Cap Value ETF 1.2 36 -1 10.6 +3.2
VWID Virtus WMC International Dividend ETF 1.1 49 -14 8.9 +1.5
SLVP iShares MSCI Global Silver Miners ETF 1.1 39 -4 6.2 -1.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.1 30 5 7.1 -0.3
RBLD First Trust Alerian US NextGen Infrastructure ETF 1.1 65 -30 5.1 -2.3
EMM Global X Emerging Markets ex-China ETF 1.1 75 -40 6.0 -1.4
BKIE BNY Mellon International Equity ETF 1.1 4 31 7.3 -0.1
LIMI Themes Lithium & Battery Metal Miners ETF 1.1 35 0 8.3 +0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.1 35 0 6.8 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 1.1 31 4 6.5 -0.8
YLDE ClearBridge Dividend Strategy ESG ETF 1.1 60 -25 5.9 -1.5
COWZ Pacer US Cash Cows 100 ETF 1.1 49 -14 9.5 +2.1
DWM WisdomTree International Equity Fund 1.1 48 -13 7.7 +0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.1 20 15 10.6 +3.2
FLCA Franklin FTSE Canada ETF 1.1 9 26 6.9 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.0 36 -1 6.7 -0.7
STXI Strive International Developed Markets ETF 1.0 29 6 7.1 -0.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 7 28 7.1 -0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 1.0 20 15 7.3 -0.1
RING iShares MSCI Global Gold Miners ETF 1.0 39 -4 6.2 -1.2
DIHP Dimensional International High Profitability ETF 1.0 29 6 7.3 -0.1
WWJD Inspire International ETF 1.0 80 -45 7.4 -0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.0 40 -5 7.7 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 1.0 4 31 7.3 -0.1
BLES Inspire Global Hope ETF 1.0 61 -26 6.9 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 1.0 20 15 7.2 -0.2
PEXL Pacer US Export Leaders ETF 1.0 60 -25 5.0 -2.4
EFA iShares MSCI EAFE ETF 1.0 35 0 7.0 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.0 37 -2 8.8 +1.4
FEUZ First Trust Eurozone AlphaDEX ETF 1.0 80 -45 9.6 +2.2
VEA Vanguard FTSE Developed Markets ETF 1.0 5 30 7.5 +0.1
LQPE PEO AlphaQuest Thematic PE ETF 0.9 125 -90 6.6 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 32 7.4 -0.0
SCHF Schwab International Equity ETF 0.9 6 29 7.6 +0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.9 12 23 6.3 -1.1
IEFA iShares Core MSCI EAFE ETF 0.9 7 28 7.3 -0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 15 6.7 -0.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -45 10.5 +3.1
JIRE JPMorgan International Research Enhanced Equity ETF 0.9 24 11 7.4 -0.0
JHMD John Hancock Multifactor Developed International ETF 0.9 39 -4 7.8 +0.4
VIDI Vident International Equity Strategy ETF 0.9 61 -26 11.3 +3.9
DFAI Dimensional International Core Equity Market ETF 0.9 18 17 7.5 +0.1
INTF iShares International Equity Factor ETF 0.8 15 20 7.9 +0.6
EMC Global X Emerging Markets Great Consumer ETF 0.8 75 -40 8.2 +0.8
RFFC ALPS Active Equity Opportunity ETF 0.8 48 -13 4.7 -2.7
PTL Inspire 500 ETF 0.8 9 26 5.5 -1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -48 9.8 +2.4
DFIV Dimensional International Value ETF 0.8 27 8 10.2 +2.9
ECNS iShares MSCI China Small-Cap ETF 0.8 59 -24 10.9 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.8 41 -6 7.7 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.8 34 1 8.0 +0.6
PRAY FIS Christian Stock Fund 0.8 69 -34 5.4 -2.0
SPHB Invesco S&P 500 High Beta ETF 0.8 25 10 4.9 -2.5
DFIC Dimensional International Core Equity 2 ETF 0.8 23 12 7.8 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.8 39 -4 8.6 +1.2
IXUS iShares Core MSCI Total International Stock ETF 0.8 7 28 8.2 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 17 8.0 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -30 8.2 +0.8
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 5 8.0 +0.6
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 -20 8.4 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 27 8.4 +1.0
AVDE Avantis International Equity ETF 0.7 23 12 7.9 +0.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -45 12.3 +4.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.6 34 1 6.0 -1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.6 25 10 7.3 -0.0
BRIF FIS Bright Portfolios Focused Equity ETF 0.6 65 -30 4.6 -2.7
CGDV Capital Group Dividend Value ETF 0.6 33 2 4.8 -2.6
RODE Hartford Multifactor Diversified International ETF 0.6 29 6 11.0 +3.6
IVRA Invesco Real Assets ESG ETF 0.6 59 -24 5.9 -1.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 17 7.8 +0.4
AVSD Avantis Responsible International Equity ETF 0.6 23 12 5.9 -1.5
DFLV Dimensional US Large Cap Value ETF 0.6 22 13 8.2 +0.8
WCEO Hypatia Women CEO ETF 0.6 85 -50 4.8 -2.6
DFIS Dimensional International Small Cap ETF 0.6 39 -4 7.8 +0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 5 8.4 +1.0
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -45 12.6 +5.2
VXUS Vanguard Total International Stock ETF 0.6 7 28 8.2 +0.9
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.6 20 15 6.6 -0.7
DEW WisdomTree Global High Dividend Fund 0.6 58 -23 8.8 +1.4
DGT SPDR Global Dow ETF 0.6 50 -15 7.5 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 15 5.9 -1.4
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 -3 4.8 -2.6
FLEE Franklin FTSE Europe ETF 0.6 9 26 7.3 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 -4 6.9 -0.4
GWX SPDR S&P International Small Cap ETF 0.5 40 -5 6.7 -0.6
GVLU Gotham 1000 Value ETF 0.5 50 -15 9.1 +1.7
TEMP JPMorgan Climate Change Solutions ETF 0.5 49 -14 5.9 -1.5
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 12 8.7 +1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.5 46 -11 6.6 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 0.5 9 26 7.2 -0.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 15 7.1 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.5 24 11 8.4 +1.0
MCH Matthews China Active ETF 0.5 79 -44 15.8 +8.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 -7 5.6 -1.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.5 49 -14 4.3 -3.1
FKU First Trust United Kingdom AlphaDEX Fund 0.5 80 -45 7.6 +0.2
VGK Vanguard FTSE Europe ETF 0.5 11 24 7.4 +0.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.4 65 -30 3.7 -3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 -14 7.4 +0.1
TPIF Timothy Plan International ETF 0.4 62 -27 6.4 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.4 30 5 6.2 -1.2
IOO iShares Global 100 ETF 0.4 41 -6 5.2 -2.2
IEV iShares Europe ETF 0.4 67 -32 6.9 -0.5
DFUV Dimensional US Marketwide Value ETF 0.4 22 13 8.0 +0.6
IEUR iShares Core MSCI Europe ETF 0.4 11 24 7.4 +0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 26 5.4 -2.0
DWMF WisdomTree International Multifactor Fund 0.4 38 -3 7.0 -0.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.4 20 15 7.0 -0.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.4 58 -23 8.5 +1.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 -23 8.2 +0.8
TOK iShares MSCI Kokusai ETF 0.4 26 9 5.3 -2.1
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 20 7.0 -0.4
SPEU SPDR Portfolio Europe ETF 0.4 7 28 7.4 +0.0
GLBL Pacer MSCI World Industry Advantage ETF 0.4 65 -30 4.5 -2.9
URTH iShares MSCI World ETF 0.4 24 11 5.4 -2.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 7.4 -0.0
QINT American Century Quality Diversified International ETF 0.4 39 -4 7.6 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 10 7.4 -0.0
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 25 6.0 -1.4
ACWI iShares MSCI ACWI ETF 0.4 32 3 5.8 -1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 26 9.3 +2.0
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -10 6.8 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 6 8.1 +0.7
IWX iShares Russell Top 200 Value ETF 0.3 20 15 6.4 -1.0
MGV Vanguard Mega Cap Value ETF 0.3 7 28 6.8 -0.6
VT Vanguard Total World Stock ETF 0.3 7 28 6.2 -1.2
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 -1 5.0 -2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 5 10.1 +2.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.3 80 -45 9.9 +2.6
VFVA Vanguard U.S. Value Factor ETF 0.3 13 22 11.5 +4.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 11 7.7 +0.3
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -23 8.7 +1.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 10 6.4 -0.9
DFSI Dimensional International Sustainability Core 1 ETF 0.3 24 11 6.6 -0.8
FLHK Franklin FTSE Hong Kong ETF 0.3 9 26 7.0 -0.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -45 15.1 +7.7
AVES Avantis Emerging Markets Value ETF 0.3 36 -1 12.0 +4.6
FDEV Fidelity International Multifactor ETF 0.3 18 17 7.7 +0.3
RVRB Reverb ETF 0.3 30 5 4.8 -2.6
FSST Fidelity Sustainable U.S. Equity ETF 0.3 59 -24 4.6 -2.8
VFMF Vanguard U.S. Multifactor ETF 0.3 18 17 8.3 +0.9
CGGO Capital Group Global Growth Equity ETF 0.3 47 -12 4.9 -2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 6.2 -1.2
AVIV Avantis International Large Cap Value ETF 0.3 25 10 9.1 +1.7
GLOF iShares Global Equity Factor ETF 0.3 20 15 6.9 -0.5
GINX SGI Enhanced Global Income ETF 0.3 98 -63 7.4 -0.0
VTV Vanguard Value ETF 0.3 4 31 7.1 -0.3
AVEM Avantis Emerging Markets Equity ETF 0.3 33 2 9.4 +2.1
FVAL Fidelity Value Factor ETF 0.3 15 20 7.2 -0.2
FENI Fidelity Enhanced International ETF 0.3 28 7 6.9 -0.5
DFVX Dimensional US Large Cap Vector ETF 0.3 22 13 6.5 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 23 5.3 -2.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 20 7.5 +0.1
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 7.4 +0.0
FQAL Fidelity Quality Factor ETF 0.2 15 20 5.7 -1.6
SSPY Syntax Stratified LargeCap ETF 0.2 30 5 6.7 -0.7
KLMN Invesco MSCI North America Climate ETF 0.2 9 26 5.2 -2.2
VOOV Vanguard S&P 500 Value ETF 0.2 10 25 6.5 -0.9
IVE iShares S&P 500 Value ETF 0.2 18 17 6.4 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 31 6.5 -0.9
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 -15 7.3 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 0.2 4 31 6.9 -0.5
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.2 65 -30 6.4 -0.9
VSGX Vanguard ESG International Stock ETF 0.2 12 23 8.0 +0.6
SFYX SoFi Next 500 ETF 0.2 0 35 5.9 -1.5
IWD iShares Russell 1000 Value ETF 0.2 19 16 6.6 -0.8
VONV Vanguard Russell 1000 Value ETF 0.2 8 27 6.7 -0.7
IUSV iShares Core S&P US Value ETF 0.2 4 31 6.7 -0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 21 6.4 -1.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.2 58 -23 8.7 +1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 23 5.5 -1.8
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -23 7.8 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 26 6.1 -1.3
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 26 5.0 -2.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 23 6.7 -0.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 10 8.2 +0.8
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 15 6.5 -0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 26 6.2 -1.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 23 4.6 -2.8
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 -14 5.0 -2.4
STXE Strive Emerging Markets Ex-China ETF 0.2 32 3 7.9 +0.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 0.2 52 -17 5.5 -1.9
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 0.2 58 -23 5.4 -2.0
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 23 5.9 -1.5
STXV Strive 1000 Value ETF 0.2 18 17 8.3 +0.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 10 7.8 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 -10 4.7 -2.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 -24 9.3 +2.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 0 5.3 -2.1
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 26 6.2 -1.2
FEX First Trust Large Cap Core AlphaDEX Fund 0.2 59 -24 6.2 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 28 10.8 +3.4
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 22 6.4 -1.0
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.2 65 -30 6.1 -1.3
GOP Unusual Whales Subversive Republican Trading ETF 0.2 50 -15 6.1 -1.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 27 5.2 -2.2
ACVF American Conservative Values ETF 0.2 75 -40 4.5 -2.9
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 20 8.0 +0.6
AVUS Avantis U.S. Equity ETF 0.2 15 20 6.1 -1.3
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 25 5.3 -2.1
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 26 5.7 -1.7
SIZE iShares MSCI USA Size Factor ETF 0.2 15 20 5.9 -1.5
IQSI IQ Candriam International Equity ETF 0.2 15 20 6.7 -0.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 18 5.8 -1.6
IWC iShares Micro-Cap ETF 0.2 60 -25 -0.7 -8.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 5 10.7 +3.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 -24 7.4 +0.0
ILCV iShares Morningstar Value ETF 0.2 4 31 6.8 -0.6
IWL iShares Russell Top 200 ETF 0.2 15 20 4.9 -2.5
DFAU Dimensional US Core Equity Market ETF 0.2 12 23 5.3 -2.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.2 20 15 5.3 -2.1
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 28 5.2 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 -23 9.9 +2.6
JHML John Hancock Multifactor Large Cap ETF 0.2 29 6 5.5 -1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -31 10.3 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 -10 10.9 +3.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -4 7.1 -0.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 10 7.4 +0.1
RWL Invesco S&P 500 Revenue ETF 0.1 39 -4 6.9 -0.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 21 5.6 -1.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 10 7.4 +0.0
EEM iShares MSCI Emerging Markets ETF 0.1 69 -34 10.6 +3.2
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 17 5.3 -2.0
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 26 10.8 +3.5
MGC Vanguard Mega Cap ETF 0.1 7 28 4.9 -2.5
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 23 7.8 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 26 5.2 -2.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 25 5.4 -2.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 0.1 65 -30 7.8 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 28 5.1 -2.3
VOTE TCW Transform 500 ETF 0.1 5 30 5.1 -2.3
APUE ActivePassive U.S. Equity ETF 0.1 45 -10 4.9 -2.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 24 5.3 -2.1
XVV iShares ESG Screened S&P 500 ETF 0.1 8 27 5.1 -2.3
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 32 5.1 -2.3
CFA VictoryShares US 500 Volatility Wtd ETF 0.1 35 0 5.9 -1.5
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.1 40 -5 5.9 -1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 26 4.9 -2.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 6 4.9 -2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 33 5.2 -2.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 24 5.1 -2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 35 5.1 -2.3
DFUS Dimensional U.S. Equity ETF 0.1 9 26 5.1 -2.3
IWB iShares Russell 1000 ETF 0.1 15 20 5.1 -2.3
VONE Vanguard Russell 1000 ETF 0.1 8 27 5.2 -2.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 15 4.9 -2.5
IWV iShares Russell 3000 ETF 0.1 20 15 5.0 -2.4
VTHR Vanguard Russell 3000 ETF 0.1 10 25 5.1 -2.3
IUS Invesco RAFI Strategic US ETF 0.1 19 16 6.9 -0.5
IVV iShares Core S&P 500 ETF 0.1 3 32 5.2 -2.2
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 33 5.2 -2.2
SPY SPDR S&P 500 ETF Trust 0.1 9 26 5.1 -2.2
VOO Vanguard S&P 500 ETF 0.1 3 32 5.2 -2.2
VV Vanguard Large-Cap ETF 0.1 4 31 5.1 -2.3
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 26 5.0 -2.4
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 -14 5.8 -1.6
PBUS Invesco MSCI USA ETF 0.1 4 31 5.1 -2.3
STRV Strive 500 ETF 0.1 5 30 5.0 -2.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 32 5.4 -2.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -35 7.9 +0.5
SCHX Schwab U.S. Large-Cap ETF 0.1 3 32 5.2 -2.2
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 17 4.9 -2.5
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 4.4 -2.9
SCHK Schwab 1000 Index ETF 0.1 5 30 5.3 -2.1
IYY iShares Dow Jones U.S. ETF 0.1 20 15 5.0 -2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 15 6.5 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 32 5.1 -2.2
VTI Vanguard Total Stock Market ETF 0.1 3 32 5.1 -2.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 32 5.2 -2.1
ILCG iShares Morningstar Growth ETF 0.1 4 31 3.9 -3.5
SFY SoFi Select 500 ETF 0.1 0 35 4.6 -2.8
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 -13 8.3 +1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 -6 9.4 +2.1
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 10 12.2 +4.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 3 5.1 -2.3
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -32 10.5 +3.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 20 5.6 -1.8
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 10 10.5 +3.1
GXC SPDR S&P China ETF 0.1 59 -24 17.0 +9.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 10 6.0 -1.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 -3 9.9 +2.5
DFEV Dimensional Emerging Markets Value ETF 0.1 43 -8 14.0 +6.6
STXG Strive 1000 Growth ETF 0.1 18 17 4.0 -3.4
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 15 7.1 -0.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 15 5.8 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 20 5.8 -1.6
CCMG CCM Global Equity ETF 0.1 34 1 8.8 +1.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.1 45 -10 6.7 -0.7
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 26 6.8 -0.6
FLJP Franklin FTSE Japan ETF 0.1 9 26 7.0 -0.4
AFLG First Trust Active Factor Large Cap ETF 0.0 55 -20 6.2 -1.2
MCHI iShares MSCI China ETF 0.0 59 -24 18.3 +10.9
APIE ActivePassive International Equity ETF 0.0 45 -10 7.6 +0.2
IWO iShares Russell 2000 Growth ETF 0.0 24 11 1.4 -6.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 20 1.5 -5.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 29 7.4 0.0
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 18 7.0 -0.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 23 4.6 -2.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 24 10.4 +3.1
IWY iShares Russell Top 200 Growth ETF 0.0 20 15 4.7 -2.7
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -15 5.0 -2.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 0 20.5 +13.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 5 5.5 -1.9
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 0 10.0 +2.7
GSPY Gotham Enhanced 500 ETF 0.0 50 -15 5.5 -1.9
EBI Longview Advantage ETF 0.0 35 0 6.9 -0.5
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 -7 4.9 -2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 26 5.4 -2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 16 6.5 -0.9
JGRO JPMorgan Active Growth ETF 0.0 44 -9 3.6 -3.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.8 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 2 10.5 +3.1
DUHP Dimensional US High Profitability ETF 0.0 21 14 6.4 -0.9
IWF iShares Russell 1000 Growth ETF 0.0 19 16 4.5 -2.9
BKF iShares MSCI BIC ETF 0.0 69 -34 13.4 +6.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 26 4.7 -2.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 10.2 +2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 12.2 +4.9
FLCH Franklin FTSE China ETF 0.0 19 16 17.4 +10.0
VONG Vanguard Russell 1000 Growth ETF 0.0 8 27 4.6 -2.8
DIVB iShares Core Dividend ETF 0.0 5 30 7.9 +0.5
IWM iShares Russell 2000 ETF 0.0 19 16 4.7 -2.7
VTWO Vanguard Russell 2000 ETF 0.0 10 25 4.7 -2.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 16 9.8 +2.4
RSSL Global X Russell 2000 ETF 0.0 8 27 4.7 -2.7
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 27 10.9 +3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 9.7 +2.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 -14 10.6 +3.3
ISCB iShares Morningstar Small-Cap ETF 0.0 4 31 6.3 -1.1
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 29 2.9 -4.5
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 29 9.7 +2.3
QDF FlexShares Quality Dividend Index Fund 0.0 37 -2 6.5 -0.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 20 10.7 +3.3
VXF Vanguard Extended Market ETF 0.0 6 29 5.0 -2.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.6 -1.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.7 -2.7
DFAS Dimensional U.S. Small Cap ETF 0.0 26 9 6.8 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 6.6 -0.8
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 -2 6.2 -1.2

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

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.61
 
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.