iShares MSCI Japan ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 14.2x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Japan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Japan Index. The index consists primarily of large cap stocks traded in the Japanese market.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $16,284
Currency USD
Expense ratio 50 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 218
Wgt avg mkt cap (mns) $63,616
Large cap (>$10bn) 84.2%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 6.6 %
MITSUBISHI UFJ FINANCIAL GRO 2.9 %
TOKYO ELECTRON LTD 2.8 %
SONY CORP 2.8 %
HITACHI LTD 2.2 %
KEYENCE CORP 2.1 %
MITSUBISHI CORP 2.1 %
SHIN-ETSU CHEMICAL CO LTD 1.9 %
SUMITOMO MITSUI FINANCIAL GR 1.9 %
MITSUI & CO LTD 1.6 %
Total 26.9 %

TOP COUNTRY EXPOSURE
JAPAN 99.8 %










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.
7.8% 20.2% 6.6% 6.0% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.70 61%
MSCI EAFE 0.81 77%
MSCI Emg. Mkts. 0.71 62%

Technical Indicators
Recent close $66.56
30d moving avg. $62.13
Annualized volatility 15.8%
Short interest (ETF) 3.9%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 8,470
Turnover 3.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $20,827

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 340 potential alternatives to the iShares MSCI Japan ETF ETF based on the alternatives' overlap in portfolio holdings with EWJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWJ Expense: 50 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWJ
Ticker Fund
Name		 Overlap1
vs EWJ
(%)		 Expense
ratio
(bp)		 Savings
vs EWJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWJ
(%)
BBJP JPMorgan BetaBuilders Japan ETF 93.5 19 31 7.1 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 93.3 47 3 6.6 -0.1
FLJP Franklin FTSE Japan ETF 85.8 9 41 7.1 +0.4
FLJH Franklin FTSE Japan Hedged ETF 83.2 9 41 6.9 +0.2
JPXN iShares JPX-Nikkei 400 ETF 81.8 48 2 7.5 +0.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 81.6 25 25 7.7 +1.0
DXJ WisdomTree Japan Hedged Equity Fund 58.0 48 2 7.7 +1.0
EWJV iShares MSCI Japan Value ETF 57.8 15 35 9.0 +2.3
IPAC iShares Core MSCI Pacific ETF 55.7 9 41 6.7 -0.0
IDMO Invesco S&P International Developed Momentum ETF 49.9 25 25 7.0 +0.2
VPL Vanguard FTSE Pacific ETF 46.2 8 42 7.0 +0.2
IMTM iShares MSCI Intl Momentum Factor ETF 45.4 30 20 6.8 +0.1
IVLU iShares MSCI Intl Value Factor ETF 32.0 30 20 10.6 +3.9
IQIN IQ 500 International ETF 27.5 25 25 8.8 +2.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.9 35 15 6.4 -0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 26.4 12 38 5.4 -1.3
FJP First Trust Japan AlphaDEX Fund 26.1 80 -30 10.1 +3.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 25.1 14 36 6.2 -0.5
JHMD John Hancock Multifactor Developed International ETF 24.3 39 11 7.4 +0.7
ISZE iShares MSCI Intl Size Factor ETF 24.1 30 20 6.6 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 24.0 20 30 6.7 -0.1
EFV iShares MSCI EAFE Value ETF 23.6 34 16 9.1 +2.4
IQSI IQ Candriam International Equity ETF 23.2 15 35 6.4 -0.3
HFXI IQ FTSE International Equity Currency Neutral ETF 23.0 20 30 6.8 +0.1
EFA iShares MSCI EAFE ETF 22.9 35 15 6.4 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.8 36 14 6.4 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.8 20 30 6.3 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 22.6 25 25 9.1 +2.4
JIRE JPMorgan International Research Enhanced Equity ETF 22.4 24 26 6.7 +0.0
UIVM VictoryShares International Value Momentum ETF 22.3 35 15 10.7 +4.0
ESGD iShares ESG Aware MSCI EAFE ETF 22.3 20 30 6.3 -0.4
EFG iShares MSCI EAFE Growth ETF 22.1 36 14 4.1 -2.6
ESGN Columbia International ESG Equity Income ETF 22.1 45 5 9.0 +2.3
DIVI Franklin International Core Dividend Tilt Index ETF 21.6 9 41 8.0 +1.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 21.5 30 20 6.8 +0.1
BKIE BNY Mellon International Equity ETF 21.4 4 46 6.9 +0.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 20.5 51 -1 6.8 +0.1
CIL VictoryShares International Volatility Wtd ETF 20.4 45 5 6.9 +0.1
TPIF Timothy Plan International ETF 20.1 62 -12 6.7 0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.8 45 5 8.5 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.8 25 25 7.4 +0.7
IEFA iShares Core MSCI EAFE ETF 19.7 7 43 2.7 -4.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 19.5 80 -30 10.8 +4.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.4 39 11 7.6 +0.9
SCHF Schwab International Equity ETF 18.7 6 44 7.0 +0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.7 20 30 6.9 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 18.4 83 -33 9.0 +2.3
SPDW SPDR Portfolio Developed World ex-US ETF 18.3 3 47 6.9 +0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 18.1 31 19 6.4 -0.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 17.9 22 28 6.2 -0.5
IMOM Alpha Architect International Quantitative Momentum ETF 17.8 49 1 7.3 +0.6
DIHP Dimensional International High Profitability ETF 17.7 29 21 6.9 +0.2
IGRO iShares International Dividend Growth ETF 17.6 15 35 7.1 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 17.5 4 46 6.7 -0.0
QINT American Century Quality Diversified International ETF 17.1 39 11 7.4 +0.7
FIVA Fidelity International Value Factor ETF 16.7 18 32 9.3 +2.6
JPIN J.P. Morgan Diversified Return International Equity ETF 16.7 37 13 8.7 +2.0
DFIV Dimensional International Value ETF 16.4 27 23 9.8 +3.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 16.4 24 26 8.6 +1.9
DFAI Dimensional International Core Equity Market ETF 16.3 18 32 6.9 +0.2
INTF iShares International Equity Factor ETF 16.3 15 35 7.8 +1.1
DOL WisdomTree International LargeCap Dividend Fund 16.2 48 2 7.7 +1.0
DWMF WisdomTree International Multifactor Fund 16.1 38 12 7.3 +0.6
VEA Vanguard FTSE Developed Markets ETF 16.0 5 45 7.0 +0.3
DWM WisdomTree International Equity Fund 15.3 48 2 7.8 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.9 40 10 7.8 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.8 32 18 6.7 -0.0
CWI SPDR MSCI ACWI ex-US ETF 14.7 30 20 6.8 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 14.7 34 16 6.7 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.7 41 9 6.7 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.7 39 11 7.3 +0.6
VSGX Vanguard ESG International Stock ETF 13.4 12 38 6.8 +0.1
EXI iShares Global Industrials ETF 13.4 42 8 4.7 -2.1
VIGI Vanguard International Dividend Appreciation ETF 13.4 15 35 5.6 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 13.2 8 42 7.2 +0.5
RXI iShares Global Consumer Discretionary ETF 13.2 41 9 5.5 -1.2
VYMI Vanguard International High Dividend Yield ETF 13.1 22 28 9.7 +3.0
DIM WisdomTree International MidCap Dividend Fund 12.9 58 -8 7.7 +1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.5 80 -30 5.4 -1.3
FDEV Fidelity International Multifactor ETF 12.5 18 32 7.5 +0.8
IXUS iShares Core MSCI Total International Stock ETF 12.4 7 43 6.9 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 12.4 24 26 6.2 -0.5
AVDE Avantis International Equity ETF 12.2 23 27 7.9 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 12.0 42 8 5.8 -0.9
VXUS Vanguard Total International Stock ETF 11.9 7 43 7.1 +0.4
IQLT iShares MSCI Intl Quality Factor ETF 11.9 30 20 5.7 -1.0
JIG JPMorgan International Growth ETF 11.8 55 -5 4.3 -2.4
JHID John Hancock International High Dividend ETF 11.7 46 4 11.5 +4.8
DFIC Dimensional International Core Equity 2 ETF 11.7 23 27 7.4 +0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.7 58 -8 5.6 -1.2
IQDF FlexShares International Quality Dividend Index Fund 11.5 47 3 10.7 +4.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.3 29 21 8.8 +2.1
UMMA Wahed Dow Jones Islamic World ETF 11.2 65 -15 4.3 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.2 47 3 10.3 +3.6
RODE Hartford Multifactor Diversified International ETF 11.0 29 21 11.5 +4.8
CLNR IQ Cleaner Transport ETF 11.0 45 5 8.3 +1.6
FIDI Fidelity International High Dividend ETF 10.4 18 32 10.1 +3.4
AVIV Avantis International Large Cap Value ETF 10.0 25 25 8.9 +2.2
DGT SPDR Global Dow ETF 9.6 50 0 6.7 -0.1
ACWV iShares MSCI Global Min Vol Factor ETF 9.6 20 30 6.7 -0.0
IDHQ Invesco S&P International Developed High Quality ETF 9.3 29 21 5.8 -0.9
BULD Pacer BlueStar Engineering the Future ETF 9.0 60 -10 1.2 -5.5
CGXU Capital Group International Focus Equity ETF 8.9 54 -4 4.1 -2.6
WRND IQ Global Equity R&D Leaders ETF 8.8 18 32 7.2 +0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 8.6 47 3 10.7 +4.0
DRIV Global X Autonomous & Electric Vehicles ETF 8.2 68 -18 3.4 -3.4
IDLV Invesco S&P International Developed Low Volatility ETF 8.1 25 25 5.8 -0.9
KLDW Knowledge Leaders Developed World ETF 8.0 75 -25 4.9 -1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.9 30 20 7.8 +1.1
WWJD Inspire International ETF 7.8 80 -30 7.1 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 7.7 34 16 10.6 +3.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.7 80 -30 5.6 -1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.7 50 0 5.1 -1.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 7.6 68 -18 8.8 +2.1
WLDR Affinity World Leaders Equity ETF 7.5 67 -17 8.5 +1.8
QWLD SPDR MSCI World StrategicFactors ETF 7.4 30 20 6.1 -0.7
AIVI WisdomTree International AI Enhanced Value Fund 7.4 58 -8 8.0 +1.3
VWID Virtus WMC International Dividend ETF 7.3 49 1 9.4 +2.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 7.1 25 25 6.1 -0.7
DSTX Distillate International Fundamental Stability & Value ETF 7.0 55 -5 8.0 +1.3
IBOT Vaneck Robotics ETF 7.0 47 3 3.7 -3.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.9 65 -15 12.8 +6.1
OSEA Harbor International Compounders ETF 6.9 55 -5 3.7 -3.0
BKCI BNY Mellon Concentrated International ETF 6.8 80 -30 5.2 -1.5
CARZ First Trust NASDAQ Global Auto Index Fund 6.5 70 -20 3.5 -3.3
NXTG First Trust Indxx NextG ETF 6.5 70 -20 6.0 -0.7
JSTC Adasina Social Justice All Cap Global ETF 6.2 89 -39 4.8 -2.0
ESGG FlexShares STOXX Global ESG Select Index Fund 6.2 42 8 5.1 -1.6
IVAL Alpha Architect International Quantitative Value ETF 6.2 49 1 5.8 -0.9
URTH iShares MSCI World ETF 6.0 24 26 5.4 -1.3
IXP iShares Global Comm Services ETF 5.9 42 8 5.3 -1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 5.8 47 3 5.9 -0.8
DWX SPDR S&P International Dividend ETF 5.6 45 5 7.1 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.6 9 41 9.8 +3.1
LVHI Franklin International Low Volatility High Dividend Index ET 5.6 40 10 10.2 +3.5
QTUM Defiance Quantum ETF 5.5 40 10 3.9 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.4 20 30 5.6 -1.1
ACWI iShares MSCI ACWI ETF 5.4 32 18 5.5 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 42 8 6.8 +0.1
DTH WisdomTree International High Dividend Fund 5.2 58 -8 10.1 +3.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.1 20 30 10.7 +4.0
ROBO ROBO Global Robotics & Automation Index ETF 5.1 95 -45 2.8 -3.9
IXG iShares Global Financials ETF 5.1 42 8 6.8 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.1 9 41 5.7 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.9 12 38 5.1 -1.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.9 65 -15 1.6 -5.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.9 75 -25 3.2 -3.6
GCOW Pacer Global Cash Cows Dividend ETF 4.9 60 -10 13.6 +6.9
KXI iShares Global Consumer Staples ETF 4.9 41 9 5.6 -1.1
SDG iShares MSCI Global Sustainable Development Goals ETF 4.8 49 1 5.8 -0.9
NTZG Nuveen Global Net Zero Transition ETF 4.8 56 -6 4.9 -1.8
GLOF iShares Global Equity Factor ETF 4.7 20 30 7.1 +0.3
SXUS Janus Henderson International Sustainable Equity ETF 4.6 60 -10 4.6 -2.1
KOCG FIS Knights of Columbus Global Belief ETF 4.6 75 -25 5.3 -1.4
ARVR First Trust Indxx Metaverse ETF 4.5 70 -20 2.5 -4.2
VT Vanguard Total World Stock ETF 4.5 7 43 5.8 -0.9
BLES Inspire Global Hope ETF 4.3 61 -11 6.3 -0.4
TEMP JPMorgan Climate Change Solutions ETF 4.3 49 1 4.7 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 4.2 39 11 6.9 +0.2
BOTZ Global X Robotics & Artificial Intelligence ETF 4.2 69 -19 2.3 -4.4
DINT Davis Select International ETF 4.1 55 -5 4.7 -2.0
METV Roundhill Ball Metaverse ETF 4.1 59 -9 3.4 -3.3
MXI iShares Global Materials ETF 4.0 41 9 6.6 -0.1
IXJ iShares Global Healthcare ETF 4.0 42 8 6.1 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.9 45 5 4.9 -1.8
IPKW Invesco International BuyBack Achievers ETF 3.8 55 -5 9.1 +2.4
GINN Goldman Sachs Innovate Equity ETF 3.8 52 -2 2.7 -4.0
XT iShares Exponential Technologies ETF 3.8 46 4 3.9 -2.9
KNCT Invesco Next Gen Connectivity ETF 3.8 40 10 5.9 -0.8
IXN iShares Global Tech ETF 3.6 41 9 4.3 -2.4
IGPT Invesco AI and Next Gen Software ETF 3.6 60 -10 3.8 -2.9
FYLD Cambria Foreign Shareholder Yield ETF 3.5 59 -9 12.0 +5.3
AGQI First Trust Active Global Quality Income ETF 3.3 85 -35 5.8 -0.9
BTEK Future Tech ETF 3.2 88 -38 2.1 -4.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.2 12 38 8.7 +2.0
WPS iShares International Developed Property ETF 3.2 48 2 7.2 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 3.2 60 -10 9.8 +3.1
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.2 47 3 0.7 -6.1
HYDR Global X Hydrogen ETF 3.0 50 0 -13.6 -20.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.0 75 -25 5.2 -1.5
IDOG ALPS International Sector Dividend Dogs ETF 3.0 50 0 11.6 +4.9
TTAI FCF International Quality ETF 2.9 59 -9 7.4 +0.7
WDIV SPDR S&P Global Dividend ETF 2.9 40 10 10.2 +3.5
BNE Blue Horizon BNE ETF 2.9 87 -37 5.0 -1.7
IVRS iShares Future Metaverse Tech and Communications ETF 2.9 47 3 -5.3 -12.0
IOO iShares Global 100 ETF 2.8 41 9 4.8 -1.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.7 10 40 8.2 +1.5
SCHY Schwab International Dividend Equity ETF 2.7 14 36 9.3 +2.5
GSFP Goldman Sachs Future Planet Equity ETF 2.6 75 -25 4.5 -2.2
IFGL iShares International Developed Real Estate ETF 2.6 48 2 7.0 +0.3
RAYD Rayliant Quantitative Developed Market Equity ETF 2.6 80 -30 4.5 -2.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.5 45 5 6.2 -0.5
ERET iShares Environmentally Aware Real Estate ETF 2.5 30 20 7.3 +0.6
IQM Franklin Intelligent Machines ETF 2.5 50 0 3.1 -3.7
GDVD R3 Global Dividend Growth ETF 2.5 88 -38 5.8 -0.9
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.4 39 11 12.7 +5.9
CID VictoryShares International High Div Volatility Wtd ETF 2.3 45 5 9.5 +2.7
FAN First Trust Global Wind Energy ETF 2.2 60 -10 5.5 -1.2
NERD Roundhill Video Games ETF 2.2 50 0 8.0 +1.3
ESPO VanEck Video Gaming and eSports ETF 2.2 56 -6 4.5 -2.2
ODDS Pacer BlueStar Digital Entertainment ETF 2.2 60 -10 3.0 -3.7
URA Global X Uranium ETF 2.1 69 -19 3.9 -2.8
CANC Tema Oncology ETF 2.1 75 -25 -4.4 -11.1
DTEC ALPS Disruptive Technologies ETF 2.1 50 0 3.3 -3.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.0 68 -18 5.3 -1.5
CGGO Capital Group Global Growth Equity ETF 2.0 47 3 4.3 -2.4
GQRE FlexShares Global Quality Real Estate Index Fund 2.0 45 5 6.9 +0.2
GGME Invesco Next Gen Media and Gaming ETF 1.9 60 -10 4.1 -2.6
HERO Global X Video Games & Esports ETF 1.9 50 0 5.1 -1.6
GDOC Goldman Sachs Future Health Care Equity ETF 1.8 75 -25 3.2 -3.6
ANEW ProShares MSCI Transformational Changes ETF 1.8 45 5 3.3 -3.4
SHPP Pacer Industrials and Logistics ETF 1.7 60 -10 8.9 +2.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.7 65 -15 8.4 +1.6
BATT Amplify Lithium & Battery Technology ETF 1.7 59 -9 2.9 -3.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 1 6.7 -0.0
AGNG Global X Aging Population ETF 1.7 50 0 4.1 -2.6
RWO SPDR Dow Jones Global Real Estate ETF 1.7 50 0 6.9 +0.2
RWX SPDR Dow Jones International Real Estate ETF 1.7 59 -9 7.2 +0.5
AIQ Global X Artificial Intelligence & Technology ETF 1.6 68 -18 4.2 -2.6
MOTO SmartETFs Smart Transportation & Technology ETF 1.6 68 -18 6.6 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 1.5 57 -7 9.7 +3.0
BECO BlackRock Future Climate and Sustainable Economy ETF 1.5 70 -20 13.7 +7.0
FIXT Procure Disaster Recovery Strategy ETF 1.5 75 -25 5.7 -1.1
FMET Fidelity Metaverse ETF 1.5 39 11 4.4 -2.4
IWFH iShares Virtual Work and Life Multisector ETF 1.5 47 3 -3.5 -10.2
FPAG FPA Global Equity ETF 1.5 49 1 5.7 -1.1
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 9.1 +2.4
FPXI First Trust International Equity Opportunities ETF 1.4 70 -20 3.6 -3.1
PSP Invesco Global Listed Private Equity ETF 1.4 106 -56 9.1 +2.4
CGV Conductor Global Equity Value ETF 1.4 130 -80 11.3 +4.6
TMFG Motley Fool Global Opportunities ETF 1.4 85 -35 3.3 -3.4
JRNY ALPS Global Travel Beneficiaries ETF 1.3 65 -15 0.0 -6.7
IDNA iShares Genomics Immunology and Healthcare ETF 1.3 47 3 -5.2 -11.9
HAP VanEck Natural Resources ETF 1.2 50 0 9.5 +2.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 -8 4.6 -2.2
EV Mast Global Battery Recycling & Production ETF 1.1 65 -15 12.8 +6.1
MOTG VanEck Morningstar Global Wide Moat ETF 1.1 52 -2 5.8 -0.9
IQRA IQ CBRE Real Assets ETF 1.1 65 -15 5.9 -0.8
TINY ProShares Nanotechnology ETF 1.0 58 -8 1.9 -4.8
ION ProShares S&P Global Core Battery Metals ETF 1.0 58 -8 11.6 +4.9
OCEN IQ Clean Oceans ETF 1.0 45 5 5.3 -1.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -22 2.2 -4.5
LIT Global X Lithium & Battery Tech ETF 1.0 75 -25 10.2 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 11 11.0 +4.3
JXI iShares Global Utilities ETF 1.0 43 7 6.7 -0.0
FILL iShares MSCI Global Energy Producers ETF 1.0 39 11 9.0 +2.3
IDRV iShares Self-driving EV & Tech ETF 0.9 47 3 -0.5 -7.2
WDNA WisdomTree BioRevolution Fund 0.9 45 5 -4.5 -11.2
AVRE Avantis Real Estate ETF 0.8 17 33 6.6 -0.1
DFGR Dimensional Global Real Estate ETF 0.8 22 28 7.1 +0.3
REET iShares Global REIT ETF 0.8 14 36 7.1 +0.4
IDAT iShares Future Cloud 5G and Tech ETF 0.8 47 3 4.5 -2.2
IXC iShares Global Energy ETF 0.8 44 6 8.2 +1.5
FDVV Fidelity High Dividend ETF 0.8 15 35 8.9 +2.2
SEA U.S. Global Sea to Sky Cargo ETF 0.8 60 -10 24.1 +17.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -6 13.9 +7.2
CHAT Roundhill Generative AI & Technology ETF 0.7 75 -25 4.2 -2.5
GNR SPDR S&P Global Natural Resources ETF 0.7 40 10 9.2 +2.5
SAGP Strategas Global Policy Opportunities ETF 0.7 65 -15 4.5 -2.2
SANE Subversive Mental Health ETF 0.7 75 -25 0.0 -6.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.7 45 5 1.4 -5.4
ARKX ARK Space Exploration & Innovation ETF 0.7 75 -25 1.7 -5.0
HJEN Direxion Hydrogen ETF 0.7 45 5 -3.2 -9.9
FTAG First Trust Indxx Global Agriculture ETF 0.7 70 -20 9.1 +2.4
FDNI First Trust Dow Jones International Internet ETF 0.6 65 -15 2.8 -3.9
SNSR Global X Internet of Things ETF 0.6 68 -18 4.3 -2.4
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 35 7.9 +1.2
TINT ProShares Smart Materials ETF 0.6 58 -8 5.6 -1.1
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 -18 1.1 -5.6
MOTI VanEck Morningstar International Moat ETF 0.6 58 -8 6.9 +0.2
IBLC iShares Blockchain and Tech ETF 0.6 47 3 -1.0 -7.7
LNGG Roundhill Alerian LNG ETF 0.5 65 -15 8.5 +1.8
CRAK VanEck Oil Refiners ETF 0.5 61 -11 13.1 +6.4
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -12 3.7 -3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 4 8.8 +2.1
ISHP First Trust Nasdaq Retail ETF 0.4 60 -10 3.2 -3.6
MOO VanEck Agribusiness ETF 0.4 53 -3 9.4 +2.7
KROP Global X AgTech & Food Innovation ETF 0.4 50 0 4.7 -2.0
IVEG iShares Emergent Food and AgTech Multisector ETF 0.4 47 3 8.3 +1.6
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 11 9.2 +2.5
EATV VegTech Plant-based Innovation & Climate ETF 0.4 75 -25 1.0 -5.7
KCAL Subversive Food Security ETF 0.4 75 -25 0.0 -6.7
BOAT SonicShares Global Shipping ETF 0.4 69 -19 29.1 +22.4
HART IQ Healthy Hearts ETF 0.4 45 5 5.3 -1.4
OND ProShares On-Demand ETF 0.4 58 -8 -2.5 -9.2
GLIF AGF Global Infrastructure ETF 0.4 45 5 5.5 -1.2
KOIN Capital Link Global Fintech Leaders ETF 0.4 75 -25 4.6 -2.1
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 -25 6.6 -0.1
SUPL ProShares Supply Chain Logistics ETF 0.3 58 -8 13.1 +6.4
HDRO Defiance Next Gen H2 ETF 0.3 30 20 -11.1 -17.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -35 4.9 -1.8
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -35 -0.7 -7.4
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -25 1.1 -5.6
LUXX Roundhill S&P Global Luxury ETF 0.3 45 5 2.7 -4.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 3 5.2 -1.5
TRFK Pacer Data and Digital Revolution ETF 0.3 60 -10 4.0 -2.7
FICS First Trust International Developed Capital Strength ETF 0.3 70 -20 6.1 -0.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.3 47 3 5.3 -1.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 4 5.6 -1.2
DMAT Global X Disruptive Materials ETF 0.2 59 -9 9.9 +3.2
GMET VanEck Green Metals ETF 0.2 63 -13 9.8 +3.1
COPX Global X Copper Miners ETF 0.2 65 -15 6.9 +0.2
ICLN iShares Global Clean Energy ETF 0.2 41 9 4.3 -2.4
ROOF IQ CBRE NextGen Real Estate ETF 0.2 60 -10 7.9 +1.2
WTRE WisdomTree New Economy Real Estate Fund 0.2 58 -8 5.0 -1.7
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.2 60 -10 3.9 -2.8
EBIZ Global X E-Commerce ETF 0.2 50 0 1.2 -5.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 -11 -4.0 -10.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 -11 -13.0 -19.7
CLOD Themes Cloud Computing ETF 0.2 35 15 3.7 -3.1
BUG Global X Cybersecurity ETF 0.2 51 -1 2.4 -4.3
IHAK iShares Cybersecurity & Tech ETF 0.2 47 3 3.2 -3.5
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.2 60 -10 3.8 -2.9
MVPS Amplify Thematic All-Stars ETF 0.2 49 1 1.7 -5.1
WCBR WisdomTree Cybersecurity Fund 0.2 45 5 1.9 -4.8
XDAT Franklin Exponential Data ETF 0.2 50 0 2.9 -3.9
SPAM Themes Cybersecurity ETF 0.2 35 15 2.0 -4.8
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -10 3.9 -2.8
VIDI Vident International Equity Strategy ETF 0.2 61 -11 11.9 +5.2
ARKF ARK Fintech Innovation ETF 0.2 75 -25 -2.2 -8.9
MRAD SmartETFs Advertising & Marketing Technology ETF 0.2 68 -18 4.2 -2.5
OGIG ALPS O'Shares Global Internet Giants ETF 0.2 48 2 0.5 -6.3
STCE Schwab Crypto Thematic ETF 0.2 30 20 -8.0 -14.7
BKCH Global X Blockchain ETF 0.2 50 0 -5.2 -11.9
CRUZ Defiance Hotel Airline and Cruise ETF 0.2 45 5 -4.9 -11.6
JETS U.S. Global Jets ETF 0.2 60 -10 -15.6 -22.3
LOUP Innovator Deepwater Frontier Tech ETF 0.1 70 -20 2.3 -4.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -36 1.9 -4.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -36 1.9 -4.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 -10 0.9 -5.8
SOCL Global X Social Media ETF 0.1 65 -15 -5.8 -12.5
PRNT 3D Printing ETF 0.1 66 -16 -4.1 -10.8
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.1 75 -25 4.9 -1.8
RITA ETFB Green SRI REITs ETF 0.1 50 0 6.0 -0.8
INDS Pacer Industrial Real Estate ETF 0.1 55 -5 6.2 -0.5
PIO Invesco Global Water ETF 0.1 75 -25 4.9 -1.8
IBUY Amplify Online Retail ETF 0.1 65 -15 1.8 -4.9
BUYZ Franklin Disruptive Commerce ETF 0.1 50 0 2.1 -4.6
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -18 1.4 -5.3
AVDV Avantis International Small Cap Value ETF 0.0 36 14 8.0 +1.3

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:		 iShares MSCI Japan 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 9.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.