VanEck Digital Transformation ETF
ALTAR
Score™		 -89.3% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 26.2x P/Sales
ratio		 1.2x
P/BV
ratio		 0.6x Div.
yield		 0.1%


  • 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) $27
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 20
Wgt avg mkt cap (mns) $4,448
Large cap (>$10bn) 16.2%
Mid cap ($2-10bn) 7.0%
Small cap (<$2bn) 69.6%
Developed mkts 93.3%
Emerging mkts 6.7%

TOP TEN HOLDINGS
RIOT BLOCKCHAIN INC 7.9 %
COINBASE GLOBAL, INC. CLASS A 7.7 %
MICROSTRATEGY INC-CL A 6.9 %
MARATHON DIGITAL HOLDINGS INC 6.8 %
BLOCK INC. 5.6 %
CANAAN INC. SPONSORED ADR CLASS A 5.3 %
HUT 8 MINING CORP. 4.7 %
HIVE BLOCKCHAIN TECHNOLOGIES LTD 4.7 %
NORTHERN DATA AG 4.7 %
IRIS ENERGY LTD. 4.6 %
Total 58.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 65.3 %
CANADA 13.9 %
GERMANY 9.1 %
CHINA 7.1 %
AUSTRALIA 4.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
58.1% -70.9% -- -- -64.2%

Market Correlations
versus... Beta R-squared
S&P500 2.85 39%
MSCI EAFE 2.20 20%
MSCI Emg. Mkts. 1.36 8%

Technical Indicators
Recent close $4.06
30d moving avg. $4.20
Annualized volatility 92.7%
Short interest (ETF) 2.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 108
Turnover 1.6%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $600

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 221 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™: -89.3%


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
(%)
DAM VanEck Digital Assets Mining ETF 76.9 50 0 -322.6 -233.3
BITQ Bitwise Crypto Industry Innovators ETF 58.8 85 -35 -21.4 +67.9
BKCH Global X Blockchain ETF 54.8 50 0 -30.8 +58.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 53.4 60 -10 -26.0 +63.3
GFOF Grayscale Future of Finance ETF 53.0 70 -20 -2.5 +86.8
FDIG Fidelity Crypto Industry and Digital Payments ETF 50.5 39 11 0.2 +89.5
IBLC iShares Blockchain and Tech ETF 44.5 47 3 -29.5 +59.8
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ET 39.1 85 -35 1.2 +90.5
WGMI Valkyrie Bitcoin Miners ETF 35.4 75 -25 -129.2 -39.9
STCE Schwab Crypto Thematic ETF 34.3 30 20 -3.9 +85.4
BLOK Amplify Transformational Data Sharing ETF 26.8 71 -21 3.2 +92.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 21.9 60 -10 2.9 +92.2
TWEB SoFi Web 3 ETF 21.4 59 -9 -15.7 +73.6
BWEB Bitwise Web3 ETF 18.0 85 -35 2.6 +91.9
ARKW ARK Web x.0 ETF 13.2 83 -33 -4.8 +84.5
ARKF ARK Fintech Innovation ETF 13.2 75 -25 -2.3 +87.0
ARKK ARK Innovation ETF 12.5 75 -25 -7.8 +81.5
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 10.6 68 -18 0.6 +89.9
BIDS Amplify Digital & Online Trading ETF 10.5 59 -9 8.4 +97.7
FINX Global X FinTech Thematic ETF 10.3 68 -18 5.2 +94.5
BCDF Horizon Kinetics Blockchain Development ETF 9.1 85 -35 1.4 +90.7
AIEQ AI Powered Equity ETF 8.0 75 -25 -6.1 +83.2
BYOB SoFi Be Your Own Boss ETF 6.0 59 -9 -3.2 +86.1
MEME Roundhill MEME ETF 5.1 69 -19 -4.1 +85.3
VR Global X Metaverse ETF 4.7 50 0 6.7 +96.0
BUZZ VanEck Social Sentiment ETF 4.5 75 -25 1.5 +90.8
MVPS Amplify Thematic All-Stars ETF 4.3 49 1 2.1 +91.4
JFWD Jacob Forward ETF 4.1 75 -25 -13.9 +75.5
IPAY ETFMG Prime Mobile Payments ETF 3.7 75 -25 8.2 +97.5
FPX First Trust US IPO Index Fund 3.4 57 -7 3.2 +92.5
DAT ProShares Big Data Refiners ETF 3.4 58 -8 0.6 +89.9
XSW SPDR S&P Software & Services ETF 2.8 35 15 3.2 +92.5
IPO Renaissance IPO ETF 2.8 60 -10 -49.6 +39.7
SFYF SoFi 50 ETF 2.6 29 21 -7.9 +81.4
LOUP Innovator Loup Frontier Tech ETF 2.4 70 -20 2.1 +91.4
PUNK Subversive Metaverse ETF 2.2 75 -25 2.7 +92.0
KOIN Innovation Shares NextGen Protocol ETF 2.2 75 -25 7.6 +96.9
KCE SPDR S&P Capital Markets ETF 2.1 35 15 9.6 +98.9
METV Roundhill Ball Metaverse ETF 1.9 59 -9 4.8 +94.1
MILN Global X Millennial Consumer ETF 1.9 50 0 3.5 +92.8
YALL God Bless America ETF 1.7 65 -15 4.3 +93.6
FDG American Century Focused Dynamic Growth ETF 1.6 45 5 3.4 +92.7
GGRW Gabelli Growth Innovators ETF 1.5 90 -40 3.9 +93.2
BOSS Global X Founder-Run Companies ETF 1.5 45 5 3.6 +92.9
FCLD Fidelity Cloud Computing ETF 1.4 39 11 4.9 +94.2
XT iShares Exponential Technologies ETF 1.3 46 4 3.8 +93.1
BUYZ Franklin Disruptive Commerce ETF 1.3 50 0 2.6 +91.9
INNO Harbor Disruptive Innovation ETF 1.2 75 -25 -3.6 +85.7
AOTG AOT Growth and Innovation ETF 1.2 75 -25 3.7 +93.0
WCLD WisdomTree Cloud Computing Fund 1.2 45 5 -0.1 +89.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 1.1 50 0 3.7 +93.0
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.0 47 3 -0.9 +88.4
GENY Principal Millennials Index ETF 1.0 45 5 6.7 +96.0
KOMP SPDR Kensho New Economies Composite ETF 1.0 20 30 -1.3 +88.0
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 0.9 108 -58 4.0 +93.3
TRFM AAM Transformers ETF 0.9 49 1 2.0 +91.3
IMCG iShares Morningstar Mid-Cap Growth ETF 0.9 6 44 5.5 +94.8
DTEC ALPS Disruptive Technologies ETF 0.9 50 0 4.5 +93.8
VXF Vanguard Extended Market Index Fund 0.8 6 44 4.5 +93.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.8 65 -15 5.9 +95.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.8 68 -18 4.1 +93.4
ECOZ TrueMark ESG Active Opportunities ETF 0.7 58 -8 5.4 +94.7
ITAN Sparkline Intangible Value ETF 0.7 50 0 7.8 +97.1
IYJ iShares U.S. Industrials ETF 0.7 39 11 6.4 +95.7
LCLG Logan Capital Broad Innovative Growth ETF 0.6 99 -49 7.1 +96.4
PNQI Invesco NASDAQ Internet ETF 0.6 60 -10 3.4 +92.7
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 46 7.4 +96.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 46 7.4 +96.7
SHE SPDR SSGA Gender Diversity Index ETF 0.6 20 30 6.9 +96.2
NTZG Nuveen Global Net Zero Transition ETF 0.5 55 -5 6.1 +95.4
BTEK BlackRock Future Tech ETF 0.5 88 -38 0.8 +90.1
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.5 18 32 6.4 +95.7
EQOP Natixis U.S. Equity Opportunities ETF 0.5 85 -35 6.5 +95.8
IETC iShares Evolved U.S. Technology ETF 0.4 18 32 6.0 +95.3
WUGI AXS Esoterica NextG Economy ETF 0.4 75 -25 3.6 +92.9
KLDW Gavekal Knowledge Leaders Developed World ETF 0.4 75 -25 5.3 +94.6
LRND IQ U.S. Large Cap R&D Leaders ETF 0.4 14 36 6.8 +96.1
ECNS iShares MSCI China Small-Cap ETF 0.4 57 -7 10.7 +100.0
SIZE iShares MSCI USA Size Factor ETF 0.4 15 35 7.2 +96.5
BPAY BlackRock Future Financial and Technology ETF 0.4 70 -20 11.9 +101.2
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 5 6.0 +95.3
TECB iShares US Tech Breakthrough Multisector ETF 0.4 40 10 5.4 +94.7
ENTR Entrepreneur 30 Fund 0.4 49 1 2.6 +91.9
KRMA Global X Conscious Companies ETF 0.4 43 7 6.9 +96.2
ISMD Inspire Small/Mid Cap Impact ETF 0.4 48 2 6.8 +96.1
VGT Vanguard Information Technology Index Fund 0.4 10 40 6.1 +95.4
FTEC Fidelity MSCI Information Technology Index ETF 0.4 8 42 6.1 +95.4
VOT Vanguard Mid-Cap Growth Index Fund 0.3 7 43 5.5 +94.8
IWN iShares Russell 2000 Value ETF 0.3 23 27 6.7 +96.0
SFY SoFi Select 500 ETF 0.3 0 50 6.9 +96.2
IYG iShares US Financial Services ETF 0.3 39 11 9.2 +98.5
VTWV Vanguard Russell 2000 Value Index Fund 0.3 15 35 6.7 +96.0
IGM iShares Expanded Tech Sector ETF 0.3 40 10 5.7 +95.0
EUSA iShares MSCI USA Equal Weighted ETF 0.3 9 41 7.3 +96.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.3 6 44 9.5 +98.8
IYF iShares U.S. Financials ETF 0.3 39 11 9.1 +98.4
PGJ Invesco Golden Dragon China ETF 0.3 70 -20 4.5 +93.8
IWX iShares Russell Top 200 Value ETF 0.3 20 30 8.0 +97.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 44 2.3 +91.6
SCHG Schwab U.S. Large-Cap Growth ETF 0.3 40 10 5.2 +94.5
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 40 6.4 +95.7
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 43 1.8 +91.1
VEGN US Vegan Climate ETF 0.2 60 -10 6.2 +95.5
VONV Vanguard Russell 1000 Value Index Fund 0.2 8 42 8.1 +97.4
IWD iShares Russell 1000 Value ETF 0.2 18 32 8.0 +97.3
VUG Vanguard Growth Index Fund 0.2 4 46 5.5 +94.8
IWM iShares Russell 2000 ETF 0.2 19 31 4.9 +94.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 21 8.9 +98.2
FLDZ RiverNorth Volition America Patriot ETF 0.2 70 -20 7.3 +96.6
VTWO Vanguard Russell 2000 Index Fund 0.2 10 40 4.9 +94.2
MGK Vanguard Mega Cap Growth ETF 0.2 7 43 5.6 +94.9
WRND IQ Global Equity R&D Leaders ETF 0.2 18 32 8.5 +97.8
VFH Vanguard Financials Index Fund 0.2 10 40 9.9 +99.2
FNCL Fidelity MSCI Financials Index ETF 0.2 8 42 9.9 +99.2
CGGR Capital Group Growth ETF 0.2 39 11 5.0 +94.3
TMFC Motley Fool 100 Index ETF 0.2 50 0 5.4 +94.7
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 25 11.9 +101.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 41 5.1 +94.4
IWS iShares Russell Mid-Cap Value ETF 0.2 23 27 7.9 +97.2
IGV iShares Expanded Tech-Software ETF 0.2 40 10 4.6 +93.9
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 25 5.6 +94.9
ILCG iShares Morningstar Growth ETF 0.2 4 46 5.5 +94.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 35 6.4 +95.7
TRFK Pacer Data and Digital Revolution ETF 0.2 60 -10 5.8 +95.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 11 5.8 +95.1
STXG Strive 1000 Growth ETF 0.2 18 32 5.8 +95.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 41 7.1 +96.4
VO Vanguard Mid-Cap Index Fund 0.2 4 46 7.3 +96.6
STXK Strive Small-Cap ETF 0.2 18 32 6.4 +95.7
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -9 2.9 +92.2
SCHA Schwab U.S. Small-Cap ETF 0.2 4 46 6.0 +95.3
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 41 6.5 +95.8
ISCB iShares Morningstar Small-Cap ETF 0.1 4 46 5.6 +94.9
IWC iShares Micro-Cap ETF 0.1 60 -10 -4.6 +84.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 0.1 60 -10 6.2 +95.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 31 7.9 +97.2
QGRO American Century STOXX U.S. Quality Growth ETF 0.1 29 21 7.2 +96.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.1 25 25 7.4 +96.7
IWO iShares Russell 2000 Growth ETF 0.1 23 27 3.1 +92.4
IQSU IQ Candriam ESG US Equity ETF 0.1 9 41 6.3 +95.6
VDNI V-Shares US Leadership Diversity ETF 0.1 29 21 6.8 +96.1
VTWG Vanguard Russell 2000 Growth Index Fund 0.1 15 35 3.2 +92.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 48 6.7 +96.0
VV Vanguard Large-Cap Index Fund 0.1 4 46 6.7 +96.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 43 6.7 +96.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.1 6 44 5.9 +95.2
IYY iShares Dow Jones U.S. ETF 0.1 20 30 6.5 +95.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 47 6.5 +95.8
SCHB Schwab U.S. Broad Market ETF 0.1 3 47 6.6 +95.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 30 7.2 +96.5
VTHR Vanguard Russell 3000 Index Fund 0.1 10 40 6.5 +95.8
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 47 6.8 +96.1
IWV iShares Russell 3000 ETF 0.1 20 30 6.4 +95.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 25 7.4 +96.7
SCHX Schwab U.S. Large-Cap ETF 0.1 3 47 6.7 +96.0
VTI Vanguard Total Stock Market Index Fund 0.1 3 47 6.5 +95.8
VONE Vanguard Russell 1000 ETF 0.1 8 42 6.7 +96.0
IWL iShares Russell Top 200 ETF 0.1 15 35 6.5 +95.8
IWB iShares Russell 1000 ETF 0.1 15 35 6.6 +95.9
SCHK Schwab 1000 Index ETF 0.1 5 45 6.7 +96.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 38 6.9 +96.2
PBUS Invesco PureBeta MSCI USA ETF 0.1 4 46 6.8 +96.1
DFUV Dimensional US Marketwide Value ETF 0.1 23 27 9.5 +98.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 30 6.6 +95.9
IWR iShares Russell Midcap ETF 0.1 18 32 6.9 +96.2
MGC Vanguard Mega Cap Index Fund 0.1 7 43 6.5 +95.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 39 6.7 +96.0
RVRB Reverb ETF 0.1 30 20 6.7 +96.0
JUSA JPMorgan ActiveBuilders U.S. Large Cap Equity ETF 0.1 17 33 6.9 +96.2
VB Vanguard Small-Cap ETF 0.1 5 45 6.4 +95.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 40 7.0 +96.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 46 6.5 +95.8
VOTE Engine No. 1 Transform 500 ETF 0.1 5 45 6.5 +95.8
STRV Strive 500 ETF 0.1 5 45 6.6 +95.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 43 6.2 +95.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 29 4.7 +94.0
EES WisdomTree SmallCap Earnings Fund 0.1 38 12 13.3 +102.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 7.2 +96.5
DFUS Dimensional U.S. Equity ETF 0.1 11 39 6.7 +96.0
TOK iShares MSCI Kokusai ETF 0.1 25 25 7.0 +96.3
ESGU iShares MSCI USA ESG Optimized ETF 0.1 15 35 6.7 +96.0
URTH iShares MSCI World ETF 0.1 24 26 7.1 +96.4
EGUS iShares ESG Aware MSCI USA Growth ETF 0.1 15 35 5.5 +94.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 36 6.6 +95.9
VT Vanguard Total World Stock ETF 0.1 7 43 7.3 +96.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.1 30 20 10.9 +100.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -15 7.9 +97.2
ACWI iShares MSCI ACWI ETF 0.1 32 18 7.2 +96.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.1 17 33 5.9 +95.2
AVUS Avantis U.S. Equity ETF 0.1 15 35 7.8 +97.1
ILCV iShares Morningstar Value ETF 0.1 4 46 8.4 +97.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 7.5 +96.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 11 8.3 +97.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 35 7.2 +96.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 68 -18 7.2 +96.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 7.0 +96.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 19 31 7.5 +96.8
AVES Avantis Emerging Markets Value ETF 0.0 36 14 15.0 +104.3
IUS Invesco Strategic US ETF 0.0 19 31 8.1 +97.4
AVEM Avantis Emerging Markets Equity ETF 0.0 33 17 10.6 +99.9
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 44 9.0 +98.3
HKND Humankind US Stock ETF 0.0 11 39 8.4 +97.7
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.0 10 40 6.3 +95.6
JHML John Hancock Multifactor Large Cap ETF 0.0 29 21 7.1 +96.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 20 7.6 +96.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 1 6.2 +95.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 6.7 +96.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -25 7.7 +97.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 30 9.3 +98.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 43 6.9 +96.2
GWX SPDR S&P International Small Cap ETF 0.0 40 10 6.1 +95.4
GXC SPDR S&P China ETF 0.0 59 -9 10.1 +99.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.0 25 25 8.2 +97.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 1 7.9 +97.2
DFSV Dimensional US Small Cap Value ETF 0.0 31 19 9.5 +98.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 39 8.7 +98.0
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 41 8.7 +98.0
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 42 8.8 +98.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.0 25 25 8.3 +97.6
VXUS Vanguard Total International Stock ETF 0.0 7 43 8.1 +97.4
VSGX Vanguard ESG International Stock ETF 0.0 12 38 7.8 +97.1

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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 -57.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -89.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.32 CATEGORY
AVERAGE		 1.48
 
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.