VanEck Digital Transformation ETF
ALTAR
Score™		 -8.5% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -340.8x P/Sales
ratio		 1.8x
P/BV
ratio		 1.9x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DAPP tracks a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp.
Website www.vaneck.com
Inception date Apr 09, 2021
Assets (mns) $94
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $9,663
Large cap (>$10bn) 27.2%
Mid cap ($2-10bn) 4.7%
Small cap (<$2bn) 68.1%
Developed mkts 96.0%
Emerging mkts 4.0%

TOP TEN HOLDINGS
BLOCK INC. 8.6 %
COINBASE GLOBAL, INC. CLASS A 8.1 %
TERAWULF INC. 8.0 %
MICROSTRATEGY INC-CL A 7.6 %
CLEANSPARK, INC. 7.1 %
BITCOIN GROUP SE 5.7 %
CIPHER MINING INC 5.5 %
MARATHON DIGITAL HOLDINGS INC 5.4 %
BIT DIGITAL, INC. 5.2 %
HIVE BLOCKCHAIN TECHNOLOGIES LTD 5.0 %
Total 66.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.0 %
GERMANY 10.4 %
CANADA 10.0 %
AUSTRALIA 4.7 %
CHINA 2.5 %






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.
-3.7% 113.3% -- -- -25.3%

Market Correlations
versus... Beta R-squared
S&P500 3.23 43%
MSCI EAFE 2.74 29%
MSCI Emg. Mkts. 2.23 21%

Technical Indicators
Recent close $9.86
30d moving avg. $6.93
Annualized volatility 89.1%
Short interest (ETF) 2.3%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 235
Turnover 2.5%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $7,359

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 246 potential alternatives to the VanEck Digital Transformation ETF ETF based on the alternatives' overlap in portfolio holdings with DAPP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DAPP Expense: 50 bp ALTAR Score™: -8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DAPP
Ticker Fund
Name		 Overlap1
vs DAPP
(%)		 Expense
ratio
(bp)		 Savings
vs DAPP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DAPP
(%)
GFOF Grayscale Future of Finance ETF 53.3 70 -20 -4.0 +4.6
BITQ Bitwise Crypto Industry Innovators ETF 49.4 85 -35 -4.7 +3.8
IBLC iShares Blockchain and Tech ETF 48.4 47 3 -1.0 +7.6
BKCH Global X Blockchain ETF 46.8 50 0 -5.2 +3.3
FDIG Fidelity Crypto Industry and Digital Payments ETF 44.5 39 11 -1.3 +7.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 43.8 61 -11 -13.0 -4.5
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 43.1 85 -35 -0.9 +7.7
WGMI Valkyrie Bitcoin Miners ETF 38.7 75 -25 -10.7 -2.1
STCE Schwab Crypto Thematic ETF 28.1 30 20 -8.0 +0.5
BLOK Amplify Transformational Data Sharing ETF 25.2 75 -25 1.1 +9.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 20.7 61 -11 -4.0 +4.5
BWEB Bitwise Web3 ETF 18.4 85 -35 0.9 +9.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 18.1 68 -18 5.3 +13.8
ARKF ARK Fintech Innovation ETF 16.7 75 -25 -2.2 +6.3
ARKW ARK Next Generation Internet ETF 16.2 87 -37 -2.9 +5.6
ARKK ARK Innovation ETF 15.1 75 -25 -4.9 +3.6
FINX Global X FinTech ETF 13.1 68 -18 3.2 +11.7
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 10.1 75 -25 5.4 +13.9
IPO Renaissance IPO ETF 8.1 60 -10 -3.2 +5.3
DAT ProShares Big Data Refiners ETF 7.6 58 -8 1.4 +9.9
TIME Clockwise Core Equity & Innovation ETF 7.4 95 -45 2.0 +10.5
MVPS Amplify Thematic All-Stars ETF 6.2 49 1 1.7 +10.2
BUZZ VanEck Social Sentiment ETF 6.0 75 -25 -0.7 +7.8
BCDF Horizon Kinetics Blockchain Development ETF 5.6 85 -35 -0.7 +7.8
KOMP SPDR S&P Kensho New Economies Composite ETF 4.9 20 30 2.1 +10.6
SFYF SoFi Social 50 ETF 4.5 29 21 -2.6 +5.9
FPX First Trust US Equity Opportunities ETF 4.3 61 -11 0.6 +9.1
AIEQ AI Powered Equity ETF 4.2 75 -25 6.1 +14.6
JFWD Jacob Forward ETF 4.1 75 -25 0.0 +8.5
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF 4.0 40 10 5.5 +14.1
IVES Wedbush ETFMG Global Cloud Technology ETF 3.6 68 -18 1.4 +9.9
QTUM Defiance Quantum ETF 3.3 40 10 3.9 +12.4
MOON Direxion Moonshot Innovators ETF 3.1 65 -15 0.0 +8.5
KOIN Capital Link Global Fintech Leaders ETF 3.0 75 -25 4.6 +13.1
LOUP Innovator Deepwater Frontier Tech ETF 3.0 70 -20 2.3 +10.8
PFI Invesco Dorsey Wright Financial Momentum ETF 2.9 60 -10 6.2 +14.8
FCLD Fidelity Cloud Computing ETF 2.9 39 11 2.4 +10.9
YALL God Bless America ETF 2.8 65 -15 3.6 +12.1
MILN Global X Millennial Consumer ETF 2.8 50 0 2.4 +10.9
XSW SPDR S&P Software & Services ETF 2.6 35 15 2.9 +11.4
INNO Harbor Disruptive Innovation ETF 2.4 75 -25 -3.5 +5.0
DARP Grizzle Growth ETF 2.3 75 -25 3.2 +11.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.1 47 3 0.7 +9.2
BPAY BlackRock Future Financial and Technology ETF 2.0 70 -20 8.3 +16.8
GINN Goldman Sachs Innovate Equity ETF 1.9 52 -2 2.7 +11.2
IWO iShares Russell 2000 Growth ETF 1.9 24 26 1.4 +10.0
FDG American Century Focused Dynamic Growth ETF 1.9 45 5 2.7 +11.2
WISE Themes Generative Artificial Intelligence ETF 1.9 35 15 2.1 +10.7
WCLD WisdomTree Cloud Computing Fund 1.7 45 5 1.5 +10.0
XITK SPDR FactSet Innovative Technology ETF 1.6 45 5 2.7 +11.2
TRFM AAM Transformers ETF 1.6 49 1 1.3 +9.8
IMCG iShares Morningstar Mid-Cap Growth ETF 1.5 6 44 4.3 +12.8
LCLG Logan Capital Broad Innovative Growth ETF 1.5 99 -49 4.9 +13.4
PNQI Invesco NASDAQ Internet ETF 1.5 60 -10 2.6 +11.1
VXF Vanguard Extended Market ETF 1.5 6 44 3.9 +12.5
VTWG Vanguard Russell 2000 Growth ETF 1.4 15 35 1.7 +10.3
KCE SPDR S&P Capital Markets ETF 1.4 35 15 7.2 +15.7
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 5 3.3 +11.9
ISCG iShares Morningstar Small-Cap Growth ETF 1.3 6 44 2.5 +11.0
FNCL Fidelity MSCI Financials Index ETF 1.2 8 42 6.5 +15.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 1.2 75 -25 3.8 +12.3
CGGR Capital Group Growth ETF 1.1 39 11 3.5 +12.0
VFH Vanguard Financials ETF 1.1 10 40 6.4 +15.0
DTEC ALPS Disruptive Technologies ETF 1.1 50 0 3.3 +11.8
BKWO BNY Mellon Women's Opportunities ETF 1.1 50 0 3.8 +12.3
IWM iShares Russell 2000 ETF 1.1 19 31 3.6 +12.1
IWC iShares Micro-Cap ETF 1.1 60 -10 -4.3 +4.2
IGV iShares Expanded Tech-Software Sector ETF 1.1 41 9 3.3 +11.9
AOTG AOT Growth and Innovation ETF 1.1 75 -25 3.0 +11.6
TRFK Pacer Data and Digital Revolution ETF 1.0 60 -10 4.0 +12.6
VFMO Vanguard U.S. Momentum Factor ETF 1.0 13 37 2.8 +11.3
VOT Vanguard Mid-Cap Growth ETF 1.0 7 43 4.2 +12.7
METV Roundhill Ball Metaverse ETF 1.0 59 -9 3.4 +11.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 -20 1.8 +10.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.9 50 0 2.7 +11.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 15 7.5 +16.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.9 61 -11 6.2 +14.7
FDMO Fidelity Momentum Factor ETF 0.9 15 35 3.7 +12.2
VTWO Vanguard Russell 2000 ETF 0.8 10 40 3.9 +12.4
ITAN Sparkline Intangible Value ETF 0.8 50 0 6.2 +14.7
XT iShares Exponential Technologies ETF 0.8 46 4 3.9 +12.4
IWS iShares Russell Mid-Cap Value ETF 0.8 23 27 6.6 +15.1
IMCB iShares Morningstar Mid-Cap ETF 0.8 4 46 6.1 +14.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.8 40 10 4.1 +12.7
IYF iShares U.S. Financials ETF 0.8 40 10 6.3 +14.8
VBK Vanguard Small-Cap Growth ETF 0.8 7 43 1.5 +10.0
IYG iShares US Financial Services ETF 0.7 40 10 5.8 +14.3
FDN First Trust Dow Jones Internet Index Fund 0.7 52 -2 1.5 +10.0
IWR iShares Russell Midcap ETF 0.7 19 31 5.7 +14.2
SCHA Schwab U.S. Small-Cap ETF 0.7 4 46 4.9 +13.4
PDP Invesco Dorsey Wright Momentum ETF 0.7 62 -12 3.7 +12.2
SMOT VanEck Morningstar SMID Moat ETF 0.7 49 1 6.3 +14.9
IYJ iShares U.S. Industrials ETF 0.7 40 10 4.8 +13.4
IGPT Invesco AI and Next Gen Software ETF 0.6 60 -10 3.8 +12.3
ISCB iShares Morningstar Small-Cap ETF 0.6 4 46 5.3 +13.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.6 9 41 4.0 +12.5
BUYZ Franklin Disruptive Commerce ETF 0.6 50 0 2.1 +10.6
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 33 5.4 +14.0
IETC iShares U.S. Tech Independence Focused ETF 0.5 18 32 4.4 +13.0
LRND IQ U.S. Large Cap R&D Leaders ETF 0.5 14 36 6.3 +14.8
FUNL CornerCap Fundametrics Large-Cap ETF 0.5 50 0 7.0 +15.5
QGRW WisdomTree U.S. Quality Growth Fund 0.5 28 22 4.7 +13.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 25 6.8 +15.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 46 5.7 +14.3
SIZE iShares MSCI USA Size Factor ETF 0.5 15 35 6.0 +14.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 -10 1.2 +9.7
IWP iShares Russell Mid-Cap Growth ETF 0.5 23 27 3.8 +12.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 46 6.1 +14.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 43 5.8 +14.3
MTUM iShares MSCI USA Momentum Factor ETF 0.4 15 35 3.7 +12.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -21 0.9 +9.4
VO Vanguard Mid-Cap ETF 0.4 4 46 5.8 +14.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.4 30 20 4.7 +13.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 11 8.9 +17.4
JMOM JPMorgan U.S. Momentum Factor ETF 0.4 12 38 4.8 +13.4
IEDI iShares U.S. Consumer Focused ETF 0.4 18 32 5.0 +13.5
EUSA iShares MSCI USA Equal Weighted ETF 0.4 9 41 6.2 +14.7
FBCG Fidelity Blue Chip Growth ETF 0.4 59 -9 2.6 +11.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -14 2.1 +10.6
WUGI AXS Esoterica NextG Economy ETF 0.3 75 -25 2.1 +10.7
ISMD Inspire Small/Mid Cap ETF 0.3 54 -4 6.1 +14.6
ILCG iShares Morningstar Growth ETF 0.3 4 46 4.1 +12.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 -10 6.0 +14.6
VGT Vanguard Information Technology ETF 0.3 10 40 4.7 +13.2
IWN iShares Russell 2000 Value ETF 0.3 24 26 5.6 +14.1
VB Vanguard Small-Cap ETF 0.3 5 45 5.4 +13.9
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 4 46 4.3 +12.8
STXK Strive Small-Cap ETF 0.3 18 32 5.5 +14.0
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 32 5.7 +14.2
VUG Vanguard Growth ETF 0.3 4 46 4.3 +12.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 30 6.7 +15.2
FTEC Fidelity MSCI Information Technology Index ETF 0.3 8 42 4.8 +13.3
STXG Strive 1000 Growth ETF 0.3 18 32 4.2 +12.7
IWD iShares Russell 1000 Value ETF 0.3 19 31 6.6 +15.1
VONV Vanguard Russell 1000 Value ETF 0.3 8 42 6.7 +15.2
BLES Inspire Global Hope ETF 0.3 61 -11 6.3 +14.8
WRND IQ Global Equity R&D Leaders ETF 0.3 18 32 7.2 +15.7
SPAM Themes Cybersecurity ETF 0.3 35 15 2.0 +10.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 35 5.8 +14.3
TPSC Timothy Plan US Small Cap Core ETF 0.3 52 -2 7.6 +16.1
DFAS Dimensional U.S. Small Cap ETF 0.2 26 24 6.0 +14.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 29 3.9 +12.4
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 15 7.6 +16.1
QGRO American Century U.S. Quality Growth ETF 0.2 29 21 5.8 +14.3
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 8 7.5 +16.1
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.2 10 40 5.4 +13.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 41 6.0 +14.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.2 47 3 9.8 +18.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 33 5.7 +14.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 41 5.1 +13.6
VTWV Vanguard Russell 2000 Value ETF 0.2 15 35 5.8 +14.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 -11 7.2 +15.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 5.1 +13.7
IWV iShares Russell 3000 ETF 0.2 20 30 5.0 +13.5
MGK Vanguard Mega Cap Growth ETF 0.2 7 43 4.4 +12.9
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 5.2 +13.7
VEGN US Vegan Climate ETF 0.2 60 -10 4.7 +13.2
IYY iShares Dow Jones U.S. ETF 0.2 20 30 5.1 +13.6
IGM iShares Expanded Tech Sector ETF 0.2 41 9 4.5 +13.0
APUE ActivePassive U.S. Equity ETF 0.2 45 5 5.0 +13.5
VTHR Vanguard Russell 3000 ETF 0.2 10 40 5.1 +13.6
DFAU Dimensional US Core Equity Market ETF 0.2 12 38 5.4 +13.9
RVRB Reverb ETF 0.2 30 20 5.0 +13.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 5.7 +14.2
VTI Vanguard Total Stock Market ETF 0.2 3 47 5.1 +13.6
FLDZ RiverNorth Patriot ETF 0.2 75 -25 5.8 +14.3
DFUS Dimensional U.S. Equity ETF 0.2 9 41 5.1 +13.7
VOTE TCW Transform 500 ETF 0.2 5 45 5.2 +13.7
TMFC Motley Fool 100 Index ETF 0.2 50 0 4.0 +12.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 35 4.9 +13.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.2 2 48 5.3 +13.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.2 7 43 5.2 +13.7
AVUS Avantis U.S. Equity ETF 0.2 15 35 6.0 +14.6
PBUS Invesco MSCI USA ETF 0.2 4 46 5.3 +13.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.2 0 50 5.3 +13.8
ILCB iShares Morningstar U.S. Equity ETF 0.2 3 47 5.3 +13.8
STRV Strive 500 ETF 0.2 5 45 5.2 +13.7
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 30 5.0 +13.5
SCHX Schwab U.S. Large-Cap ETF 0.2 3 47 5.3 +13.8
VV Vanguard Large-Cap ETF 0.2 4 46 5.2 +13.8
IWB iShares Russell 1000 ETF 0.2 15 35 5.1 +13.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 39 5.2 +13.8
SCHK Schwab 1000 Index ETF 0.2 5 45 5.3 +13.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 36 5.4 +13.9
VONE Vanguard Russell 1000 ETF 0.2 8 42 5.2 +13.7
AFSM First Trust Active Factor Small Cap ETF 0.1 75 -25 7.6 +16.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -25 4.7 +13.2
DFLV Dimensional US Large Cap Value ETF 0.1 22 28 7.8 +16.3
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 43 5.2 +13.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 28 7.6 +16.1
TOK iShares MSCI Kokusai ETF 0.1 26 24 5.3 +13.8
EZM WisdomTree U.S. MidCap Fund 0.1 38 12 8.2 +16.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 5.7 +14.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.5 +14.0
ECNS iShares MSCI China Small-Cap ETF 0.1 59 -9 14.2 +22.7
URTH iShares MSCI World ETF 0.1 24 26 5.4 +13.9
VT Vanguard Total World Stock ETF 0.1 7 43 5.8 +14.3
ACWI iShares MSCI ACWI ETF 0.1 32 18 5.5 +14.0
MGC Vanguard Mega Cap ETF 0.1 7 43 5.1 +13.6
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -25 4.9 +13.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 8 6.6 +15.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 30 6.0 +14.5
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 25 5.4 +14.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 31 6.5 +15.1
PGJ Invesco Golden Dragon China ETF 0.1 70 -20 4.9 +13.5
SFY SoFi Select 500 ETF 0.1 0 50 5.2 +13.7
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 22 8.2 +16.8
HKND Humankind US Stock ETF 0.1 11 39 7.0 +15.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.6 +14.1
JHML John Hancock Multifactor Large Cap ETF 0.1 29 21 5.6 +14.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 11 7.3 +15.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 21 6.3 +14.8
IUS Invesco RAFI Strategic US ETF 0.1 19 31 7.3 +15.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 18 5.2 +13.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 11 4.5 +13.1
JGRO JPMorgan Active Growth ETF 0.1 44 6 3.4 +11.9
IWF iShares Russell 1000 Growth ETF 0.1 19 31 4.7 +13.2
VONG Vanguard Russell 1000 Growth ETF 0.1 8 42 4.8 +13.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 25 7.1 +15.6
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 35 6.1 +14.6
TXS Texas Capital Texas Equity Index ETF 0.0 49 1 5.6 +14.1
AVES Avantis Emerging Markets Value ETF 0.0 36 14 12.1 +20.6
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 40 4.9 +13.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 5.1 +13.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 1 6.7 +15.2
GWX SPDR S&P International Small Cap ETF 0.0 40 10 6.6 +15.1
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 8 0.0 +8.5
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 9.1 +17.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -15 7.7 +16.2
HDUS Hartford Disciplined US Equity ETF 0.0 19 31 6.2 +14.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 25 7.1 +15.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -25 3.8 +12.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 6.1 +14.6
GXC SPDR S&P China ETF 0.0 59 -9 9.0 +17.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -20 7.2 +15.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 10 0.0 +8.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 5 6.2 +14.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 1 6.4 +14.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 43 6.5 +15.0
AVDE Avantis International Equity ETF 0.0 23 27 7.9 +16.4
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 7.5 +16.1
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 7.5 +16.0
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 42 7.6 +16.1
VSGX Vanguard ESG International Stock ETF 0.0 12 38 6.8 +15.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 26 6.2 +14.8
VXUS Vanguard Total International Stock ETF 0.0 7 43 7.1 +15.6

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:		 VanEck Digital Transformation 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 -15.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.26 CATEGORY
AVERAGE		 1.50
 
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.