Themes European Luxury ETF
ALTAR
Score™		 3.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 26.9x P/Sales
ratio		 1.4x
P/BV
ratio		 2.3x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FINE tracks an index comprised of companies in Developed Europe that offer luxury goods and services. The index selects and weights holdings towards those companies with most business exposure related to the investment theme.

FUND BASICS
Category Global Equities
Fund Sponsor
Website themesetfs.com/etfs/FINE/
Inception date Dec 15, 2023
Assets (mns) $1
Currency USD
Expense ratio 35 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $37,924
Large cap (>$10bn) 44.2%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 20.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BURBERRY GROUP PLC 5.5 %
GIVAUDAN SA UNSPONSORED ADR 4.9 %
FERRARI NV 4.8 %
FERRETTI SPA 4.7 %
PORSCHE AUTOMOBIL HLDG-PFD 4.7 %
HUGO BOSS AG -ORD 4.6 %
ACCOR SA 4.5 %
CIE FINANCIERE RICHEMON-BR A 4.5 %
MONCLER SPA 4.5 %
HERMES INTERNATIONAL 4.4 %
Total 47.1 %

TOP COUNTRY EXPOSURE
ITALY 24.2 %
BRITAIN 20.3 %
FRANCE 20.3 %
SWITZERLAND 13.3 %
GERMANY 9.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.2% -3.0% -- -- -6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.16 42%
MSCI EAFE 0.57 11%
MSCI Emg. Mkts. 0.21 1%

Technical Indicators
Recent close $22.90
30d moving avg. $22.14
Annualized volatility 22.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $573

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 268 potential alternatives to the Themes European Luxury ETF ETF based on the alternatives' overlap in portfolio holdings with FINE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FINE Expense: 35 bp ALTAR Score™: 3.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FINE
Ticker Fund
Name		 Overlap1
vs FINE
(%)		 Expense
ratio
(bp)		 Savings
vs FINE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FINE
(%)
LUX Tema Luxury ETF 27.4 75 -40 4.3 +0.9
EWQ iShares MSCI France ETF 7.8 53 -18 7.1 +3.8
EWI iShares MSCI Italy ETF 7.8 50 -15 10.1 +6.8
RXI iShares Global Consumer Discretionary ETF 7.2 41 -6 9.1 +5.8
FEZ SPDR EURO STOXX 50 ETF 6.5 29 6 7.1 +3.8
JIG JPMorgan International Growth ETF 5.9 55 -20 4.7 +1.4
HEDJ WisdomTree Europe Hedged Equity Fund 5.6 58 -23 6.8 +3.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.5 58 -23 6.7 +3.4
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 6 6.6 +3.3
EWL iShares MSCI Switzerland ETF 4.9 50 -15 6.0 +2.7
EZU iShares MSCI Eurozone ETF 4.8 52 -17 6.7 +3.3
FLSW Franklin FTSE Switzerland ETF 4.8 9 26 6.3 +2.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.8 65 -30 3.6 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 4.8 45 -10 7.2 +3.9
EFG iShares MSCI EAFE Growth ETF 4.6 36 -1 4.3 +1.0
IQLT iShares MSCI Intl Quality Factor ETF 4.3 30 5 6.2 +2.9
IDRV iShares Self-driving EV & Tech ETF 4.0 47 -12 1.6 -1.7
FEOE First Eagle Overseas Equity ETF 3.9 79 -44 8.2 +4.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 3.8 48 -13 5.9 +2.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.8 58 -23 7.1 +3.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 3.8 56 -21 2.5 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 3.7 42 -7 7.0 +3.7
IEV iShares Europe ETF 3.7 67 -32 6.9 +3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.7 42 -7 6.6 +3.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 3.6 46 -11 7.0 +3.7
BBEU JPMorgan BetaBuilders Europe ETF 3.4 9 26 7.2 +3.8
FLEE Franklin FTSE Europe ETF 3.4 9 26 7.3 +4.0
IEUR iShares Core MSCI Europe ETF 3.3 11 24 7.3 +4.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.3 14 21 6.3 +2.9
VGK Vanguard FTSE Europe ETF 3.2 6 29 7.4 +4.1
FSZ First Trust Switzerland AlphaDEX Fund 3.2 80 -45 5.2 +1.8
BKCI BNY Mellon Concentrated International ETF 3.2 80 -45 5.0 +1.6
SPEU SPDR Portfolio Europe ETF 3.2 7 28 7.3 +4.0
CBSE Clough Select Equity ETF 3.1 85 -50 1.0 -2.3
FGM First Trust Germany AlphaDEX Fund 3.1 80 -45 6.2 +2.9
JIRE JPMorgan International Research Enhanced Equity ETF 3.1 24 11 7.1 +3.8
AGQI First Trust Active Global Quality Income ETF 3.1 85 -50 5.3 +1.9
UMMA Wahed Dow Jones Islamic World ETF 3.0 65 -30 5.1 +1.8
DIHP Dimensional International High Profitability ETF 3.0 29 6 7.2 +3.8
OSEA Harbor International Compounders ETF 2.9 55 -20 4.6 +1.3
CGGO Capital Group Global Growth Equity ETF 2.8 47 -12 4.7 +1.4
JGLO JPMorgan Global Select Equity ETF 2.8 33 2 4.9 +1.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.8 35 0 6.7 +3.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 2.8 25 10 7.3 +4.0
BINV Brandes International ETF 2.6 70 -35 9.6 +6.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.5 20 15 6.5 +3.1
FEGE First Eagle Global Equity ETF 2.5 79 -44 7.0 +3.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.5 30 5 7.0 +3.7
DOL WisdomTree International LargeCap Dividend Fund 2.4 48 -13 7.4 +4.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.4 36 -1 6.9 +3.6
EFA iShares MSCI EAFE ETF 2.4 35 0 6.9 +3.5
DIVI Franklin International Core Dividend Tilt Index ETF 2.4 9 26 8.1 +4.8
HFXI IQ FTSE International Equity Currency Neutral ETF 2.3 20 15 7.2 +3.9
GSID Goldman Sachs MarketBeta International Equity ETF 2.3 20 15 7.0 +3.6
COPY Tweedy, Browne Insider + Value ETF 2.2 80 -45 11.7 +8.4
STXI Strive International Developed Markets ETF 2.2 29 6 7.0 +3.6
IMFL Invesco International Developed Dynamic Multifactor ETF 2.2 34 1 6.0 +2.7
CGIE Capital Group International Equity ETF 2.2 54 -19 5.0 +1.7
IEFA iShares Core MSCI EAFE ETF 2.1 7 28 7.2 +3.8
EWUS iShares MSCI United Kingdom Small Cap ETF 2.0 59 -24 7.4 +4.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.0 20 15 6.6 +3.3
BKIE BNY Mellon International Equity ETF 2.0 4 31 7.1 +3.7
FICS First Trust International Developed Capital Strength ETF 2.0 70 -35 6.2 +2.9
TTAI FCF International Quality ETF 2.0 59 -24 7.0 +3.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.9 12 23 6.1 +2.8
IDEV iShares Core MSCI International Developed Markets ETF 1.9 4 31 7.2 +3.8
QINT American Century Quality Diversified International ETF 1.9 39 -4 7.4 +4.1
FPAG FPA Global Equity ETF 1.8 49 -14 5.8 +2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.8 40 -5 7.6 +4.3
AVSD Avantis Responsible International Equity ETF 1.8 23 12 5.7 +2.3
VEA Vanguard FTSE Developed Markets ETF 1.7 3 32 7.3 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.7 25 10 7.1 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 1.7 3 32 7.2 +3.9
DWM WisdomTree International Equity Fund 1.7 48 -13 7.5 +4.2
JHID John Hancock International High Dividend ETF 1.7 46 -11 9.9 +6.5
RFEU First Trust Riverfront Dynamic Europe ETF 1.7 83 -48 10.4 +7.1
DFSI Dimensional International Sustainability Core 1 ETF 1.7 24 11 6.4 +3.1
DFAI Dimensional International Core Equity Market ETF 1.7 18 17 7.3 +3.9
JHMD John Hancock Multifactor Developed International ETF 1.7 39 -4 7.6 +4.3
RCGE RockCreek Global Equality ETF 1.5 95 -60 6.3 +3.0
AVDE Avantis International Equity ETF 1.5 23 12 7.6 +4.3
CWI SPDR MSCI ACWI ex-US ETF 1.5 30 5 7.7 +4.4
KNO AXS Knowledge Leaders ETF 1.5 78 -43 6.0 +2.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.5 83 -48 9.7 +6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 -6 7.8 +4.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.5 34 1 7.8 +4.5
DMXF iShares ESG Advanced MSCI EAFE ETF 1.5 12 23 5.5 +2.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.5 80 -45 4.9 +1.5
SCHF Schwab International Equity ETF 1.5 6 29 7.4 +4.0
FENI Fidelity Enhanced International ETF 1.5 28 7 6.7 +3.4
INTF iShares International Equity Factor ETF 1.4 15 20 7.8 +4.5
FIVA Fidelity International Value Factor ETF 1.4 18 17 10.2 +6.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 17 7.6 +4.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.4 4 31 8.2 +4.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.4 20 15 6.9 +3.6
FKU First Trust United Kingdom AlphaDEX Fund 1.4 80 -45 7.4 +4.1
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 28 8.0 +4.7
CGXU Capital Group International Focus Equity ETF 1.3 54 -19 5.7 +2.4
BWEB Bitwise Web3 ETF 1.3 85 -50 0.0 -3.3
VXUS Vanguard Total International Stock ETF 1.3 5 30 8.0 +4.7
CIL VictoryShares International Volatility Wtd ETF 1.3 45 -10 6.6 +3.3
AVIV Avantis International Large Cap Value ETF 1.2 25 10 8.9 +5.6
ABLG Abacus FCF International Leaders ETF 1.1 59 -24 6.3 +3.0
IPKW Invesco International BuyBack Achievers ETF 1.1 55 -20 13.6 +10.3
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 -20 8.1 +4.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 -4 8.2 +4.9
IEUS iShares MSCI Europe Small-Cap ETF 1.1 42 -7 7.2 +3.9
TPIF Timothy Plan International ETF 1.1 62 -27 6.2 +2.9
DXIV Dimensional International Vector Equity ETF 1.0 34 1 8.0 +4.6
IQSI IQ Candriam International Equity ETF 1.0 15 20 6.6 +3.3
FLHK Franklin FTSE Hong Kong ETF 1.0 9 26 7.1 +3.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.0 52 -17 6.7 +3.4
ESGG FlexShares STOXX Global ESG Select Index Fund 1.0 42 -7 5.4 +2.1
CGV Conductor Global Equity Value ETF 1.0 130 -95 8.7 +5.4
WWJD Inspire International ETF 1.0 80 -45 7.2 +3.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.0 22 13 5.7 +2.4
DFIC Dimensional International Core Equity 2 ETF 1.0 23 12 7.6 +4.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.9 58 -23 9.0 +5.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 -21 11.0 +7.7
DTAN Sparkline International Intangible Value ETF 0.9 55 -20 8.1 +4.8
IDV iShares International Select Dividend ETF 0.9 51 -16 11.1 +7.8
VSGX Vanguard ESG International Stock ETF 0.8 10 25 7.9 +4.6
CGDG Capital Group Dividend Growers ETF 0.8 47 -12 6.2 +2.9
FLGB Franklin FTSE United Kingdom ETF 0.8 9 26 8.0 +4.6
DFIV Dimensional International Value ETF 0.8 27 8 10.0 +6.7
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -40 5.1 +1.7
RFV Invesco S&P Midcap 400 Pure Value ETF 0.7 35 0 13.2 +9.8
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 -12 9.3 +6.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 15 5.8 +2.5
CZAR Themes Natural Monopoly ETF 0.7 35 0 5.4 +2.1
GLBL Pacer MSCI World Industry Advantage ETF 0.7 65 -30 4.2 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 5 8.1 +4.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 -10 8.9 +5.6
DFIS Dimensional International Small Cap ETF 0.7 39 -4 7.4 +4.1
APIE ActivePassive International Equity ETF 0.7 45 -10 7.4 +4.1
NIXT Research Affiliates Deletions ETF 0.7 9 26 8.9 +5.5
HART IQ Healthy Hearts ETF 0.7 45 -10 6.6 +3.3
PPIE Putnam PanAgora ESG International Equity ETF 0.7 49 -14 7.4 +4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 26 5.3 +2.0
TOK iShares MSCI Kokusai ETF 0.6 26 9 5.2 +1.8
EWU iShares MSCI United Kingdom ETF 0.6 50 -15 8.6 +5.3
CGUS Capital Group Core Equity ETF 0.6 33 2 4.4 +1.0
CGGR Capital Group Growth ETF 0.6 39 -4 3.3 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 -4 6.7 +3.4
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 25 5.9 +2.6
URTH iShares MSCI World ETF 0.6 24 11 5.2 +1.9
FFND Future Fund Active ETF 0.6 100 -65 4.4 +1.1
UIVM VictoryShares International Value Momentum ETF 0.6 35 0 9.0 +5.7
AVDV Avantis International Small Cap Value ETF 0.6 36 -1 10.1 +6.8
DISV Dimensional International Small Cap Value ETF 0.6 42 -7 9.5 +6.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 -12 8.5 +5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 26 5.9 +2.6
ACWI iShares MSCI ACWI ETF 0.5 32 3 5.7 +2.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 10 9.6 +6.2
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 5 6.1 +2.8
FIDI Fidelity International High Dividend ETF 0.5 18 17 9.0 +5.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.5 80 -45 5.5 +2.2
BLES Inspire Global Hope ETF 0.5 61 -26 6.8 +3.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 -5 7.0 +3.7
VT Vanguard Total World Stock ETF 0.5 6 29 6.0 +2.7
DGT SPDR Global Dow ETF 0.5 50 -15 7.2 +3.9
IOO iShares Global 100 ETF 0.4 41 -6 5.0 +1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 11 7.5 +4.2
AVDS Avantis International Small Cap Equity ETF 0.4 30 5 7.6 +4.2
DIM WisdomTree International MidCap Dividend Fund 0.4 58 -23 7.6 +4.2
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 12 8.4 +5.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 -4 5.9 +2.5
VIDI Vident International Equity Strategy ETF 0.4 61 -26 11.4 +8.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 23 5.2 +1.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 -23 8.1 +4.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -2 8.5 +5.2
DWMF WisdomTree International Multifactor Fund 0.3 38 -3 7.0 +3.6
MILN Global X Millennial Consumer ETF 0.3 50 -15 3.6 +0.3
EWG iShares MSCI Germany ETF 0.3 50 -15 6.0 +2.7
DAX Global X DAX Germany ETF 0.3 21 14 6.4 +3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.3 32 3 5.9 +2.6
OCEN IQ Clean Oceans ETF 0.3 45 -10 6.2 +2.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 -5 10.9 +7.6
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 7.7 +4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 6.9 +3.6
IDMO Invesco S&P International Developed Momentum ETF 0.3 25 10 5.4 +2.1
SCHC Schwab International Small-Cap Equity ETF 0.3 11 24 6.8 +3.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 11 7.9 +4.6
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 10.7 +7.4
SIXL ETC 6 Meridian Low Beta Equity ETF 0.2 80 -45 6.1 +2.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 26 9.2 +5.9
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -17 3.7 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 4 6.3 +3.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 -4 9.6 +6.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 27 6.8 +3.5
FDEV Fidelity International Multifactor ETF 0.2 18 17 7.4 +4.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 26 4.5 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.2 13 22 11.2 +7.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 17 8.9 +5.6
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -24 2.9 -0.4
MDYV SPDR S&P 400 Mid Cap Value ETF 0.1 15 20 8.9 +5.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.1 10 25 8.9 +5.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 10 6.0 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 31 6.2 +2.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.1 15 20 8.1 +4.8
GWX SPDR S&P International Small Cap ETF 0.1 40 -5 6.3 +2.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 8.4 +5.1
STXK Strive Small-Cap ETF 0.1 18 17 6.2 +2.9
EFV iShares MSCI EAFE Value ETF 0.1 34 1 9.3 +6.0
RSSL Global X Russell 2000 ETF 0.1 8 27 4.5 +1.2
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 29 9.4 +6.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 23 7.2 +3.9
IJH iShares Core S&P Mid-Cap ETF 0.1 5 30 7.5 +4.2
MDY SPDR S&P Midcap 400 ETF Trust 0.1 24 11 7.3 +4.0
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 -30 6.3 +3.0
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 32 7.5 +4.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 7 28 7.4 +4.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 27 4.6 +1.3
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 7 9.5 +6.2
GLOF iShares Global Equity Factor ETF 0.1 20 15 6.7 +3.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 18 5.9 +2.6
VBR Vanguard Small Cap Value ETF 0.1 7 28 9.2 +5.9
SCHA Schwab U.S. Small-Cap ETF 0.1 4 31 6.3 +2.9
DFSV Dimensional US Small Cap Value ETF 0.1 31 4 10.4 +7.1
VCR Vanguard Consumer Discretionary ETF 0.1 9 26 4.5 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 9.5 +6.2
IEDI iShares U.S. Consumer Focused ETF 0.0 18 17 5.2 +1.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.0 20 15 7.0 +3.6
ISCB iShares Morningstar Small-Cap ETF 0.0 4 31 6.2 +2.9
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 6.1 +2.8
VPL Vanguard FTSE Pacific ETF 0.0 7 28 7.1 +3.8
DFAS Dimensional U.S. Small Cap ETF 0.0 26 9 6.6 +3.3
IYC iShares U.S. Consumer Discretionary ETF 0.0 40 -5 3.8 +0.5
SMMD iShares Russell 2500 ETF 0.0 15 20 6.4 +3.1
VB Vanguard Small-Cap ETF 0.0 5 30 6.2 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.0 17 18 9.8 +6.5
REVS Columbia Research Enhanced Value ETF 0.0 19 16 7.7 +4.4
DXUV Dimensional US Vector Equity ETF 0.0 28 7 6.3 +3.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.2 +3.8
VXF Vanguard Extended Market ETF 0.0 5 30 4.8 +1.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.2 +3.9
IWS iShares Russell Mid-Cap Value ETF 0.0 23 12 6.8 +3.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.8 +2.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 6.9 +3.6
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.6 +4.3
IWR iShares Russell Midcap ETF 0.0 19 16 5.9 +2.5
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.5 +2.1
AVUS Avantis U.S. Equity ETF 0.0 15 20 5.9 +2.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.7 +1.4
JVAL JPMorgan U.S. Value Factor ETF 0.0 12 23 8.3 +5.0
RECS Columbia Research Enhanced Core ETF 0.0 15 20 5.8 +2.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.6 +3.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 7.1 +3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 -4 6.6 +3.3
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.5 +3.2
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.5 +3.2
VONV Vanguard Russell 1000 Value ETF 0.0 7 28 6.6 +3.3
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.9 +1.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.1 +1.8
IWB iShares Russell 1000 ETF 0.0 15 20 4.9 +1.6
IYY iShares Dow Jones U.S. ETF 0.0 20 15 4.9 +1.6
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.2 +1.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 4.8 +1.5
VONE Vanguard Russell 1000 ETF 0.0 7 28 5.0 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 5.0 +1.7
IWV iShares Russell 3000 ETF 0.0 20 15 4.9 +1.5
VTHR Vanguard Russell 3000 ETF 0.0 7 28 5.0 +1.7
VTI Vanguard Total Stock Market ETF 0.0 3 32 5.0 +1.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.1 +1.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.6 +1.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 5.0 +1.7
AVUQ Avantis U.S. Quality ETF 0.0 15 20 4.9 +1.5
EBI Longview Advantage ETF 0.0 35 0 6.7 +3.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 European Luxury ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 CATEGORY
AVERAGE		 1.57
 
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.