Themes European Luxury ETF
ALTAR
Score™		 -2.2% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 18.3x P/Sales
ratio		 0.9x
P/BV
ratio		 1.8x Div.
yield		 2.1%


  • 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) $0
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 25
Wgt avg mkt cap (mns) $45,079
Large cap (>$10bn) 41.2%
Mid cap ($2-10bn) 31.2%
Small cap (<$2bn) 23.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOD'S SPA 5.2 %
PRADA S.P.A. 4.8 %
HERMES INTERNATIONAL 4.7 %
FERRARI NV 4.6 %
LVMH MOET HENNESSY LOUIS VUI 4.5 %
ERMENEGILDO ZEGNA N.V. 4.3 %
BRUNELLO CUCINELLI S.P.A. 4.3 %
GIVAUDAN SA UNSPONSORED ADR 4.3 %
PLAYA HOTELS & RESORTS N.V. 4.3 %
ACCOR SA 4.2 %
Total 45.3 %

TOP COUNTRY EXPOSURE
ITALY 26.4 %
FRANCE 25.2 %
BRITAIN 17.4 %
SWITZERLAND 11.6 %
GERMANY 11.3 %
NETHERLANDS 4.3 %





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.
7.9% -- -- -- 7.9%

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

Technical Indicators
Recent close $23.67
30d moving avg. $0.00
Annualized volatility 0.0%
Short interest (ETF) 0.9%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $902

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 266 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™: -2.2%


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
(%)
LUXX Roundhill S&P Global Luxury ETF 20.7 45 -10 2.7 +4.9
LUX Tema Luxury ETF 17.6 75 -40 3.3 +5.5
EWQ iShares MSCI France ETF 8.9 53 -18 5.4 +7.6
RXI iShares Global Consumer Discretionary ETF 8.7 41 -6 5.5 +7.8
FEZ SPDR EURO STOXX 50 ETF 8.2 29 6 6.2 +8.4
IDHQ Invesco S&P International Developed High Quality ETF 7.5 29 6 5.8 +8.0
IQDG WisdomTree International Quality Dividend Growth Fund 7.3 42 -7 5.8 +8.0
JRNY ALPS Global Travel Beneficiaries ETF 7.3 65 -30 0.0 +2.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.1 58 -23 5.6 +7.8
EZU iShares MSCI Eurozone ETF 6.9 52 -17 6.2 +8.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.9 58 -23 6.0 +8.2
JIG JPMorgan International Growth ETF 6.7 55 -20 4.3 +6.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 6.6 45 -10 6.2 +8.4
FLEU Franklin FTSE Eurozone ETF 6.5 9 26 6.7 +8.9
IQLT iShares MSCI Intl Quality Factor ETF 6.3 30 5 5.7 +7.9
OEUR ALPS O'Shares Europe Quality Dividend ETF 6.2 48 -13 5.7 +7.9
HEDJ WisdomTree Europe Hedged Equity Fund 6.0 58 -23 8.4 +10.6
EFG iShares MSCI EAFE Growth ETF 5.7 36 -1 4.1 +6.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.1 80 -45 5.6 +7.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.7 25 10 7.4 +9.6
BBEU JPMorgan BetaBuilders Europe ETF 4.7 9 26 6.7 +8.9
DIHP Dimensional International High Profitability ETF 4.6 29 6 6.9 +9.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 4.6 46 -11 6.3 +8.5
IEV iShares Europe ETF 4.6 67 -32 6.1 +8.3
EWI iShares MSCI Italy ETF 4.6 50 -15 8.2 +10.4
EWL iShares MSCI Switzerland ETF 4.5 50 -15 4.1 +6.3
FLSW Franklin FTSE Switzerland ETF 4.5 9 26 5.1 +7.3
FLEE Franklin FTSE Europe ETF 4.3 9 26 6.8 +9.0
IEUR iShares Core MSCI Europe ETF 4.2 11 24 -1.3 +0.9
IDRV iShares Self-driving EV & Tech ETF 4.2 47 -12 -0.5 +1.7
FGM First Trust Germany AlphaDEX Fund 4.2 80 -45 9.2 +11.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 4.0 14 21 6.2 +8.4
BKCI BNY Mellon Concentrated International ETF 4.0 80 -45 5.2 +7.4
OSEA Harbor International Compounders ETF 4.0 55 -20 3.7 +5.9
SPEU SPDR Portfolio Europe ETF 3.9 7 28 6.6 +8.8
VGK Vanguard FTSE Europe ETF 3.9 11 24 6.8 +9.0
RFEU First Trust Riverfront Dynamic Europe ETF 3.8 83 -48 8.7 +11.0
CGGO Capital Group Global Growth Equity ETF 3.6 47 -12 4.3 +6.5
JIRE JPMorgan International Research Enhanced Equity ETF 3.6 24 11 6.7 +8.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.6 35 0 6.4 +8.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.4 47 -12 10.3 +12.5
FEP First Trust Europe AlphaDEX Fund 3.4 80 -45 8.6 +10.8
FSZ First Trust Switzerland AlphaDEX Fund 3.3 80 -45 4.1 +6.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.3 20 15 6.3 +8.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.2 42 -7 6.8 +9.0
GBUY Goldman Sachs Future Consumer Equity ETF 3.1 75 -40 3.1 +5.3
QINT American Century Quality Diversified International ETF 3.0 39 -4 7.4 +9.6
FEUZ First Trust Eurozone AlphaDEX ETF 3.0 80 -45 8.3 +10.5
CGXU Capital Group International Focus Equity ETF 3.0 54 -19 4.1 +6.4
EFA iShares MSCI EAFE ETF 3.0 35 0 6.4 +8.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.0 36 -1 6.4 +8.6
FKU First Trust United Kingdom AlphaDEX Fund 3.0 80 -45 7.5 +9.7
GSID Goldman Sachs MarketBeta International Equity ETF 3.0 20 15 6.7 +8.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.9 25 10 7.4 +9.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.9 30 5 6.8 +9.1
UMMA Wahed Dow Jones Islamic World ETF 2.8 65 -30 4.3 +6.5
IQSI IQ Candriam International Equity ETF 2.8 15 20 6.4 +8.6
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 15 6.8 +9.0
INTF iShares International Equity Factor ETF 2.7 15 20 7.8 +10.0
IEFA iShares Core MSCI EAFE ETF 2.7 7 28 2.7 +4.9
BKIE BNY Mellon International Equity ETF 2.6 4 31 6.9 +9.1
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 -12 10.7 +12.9
DOL WisdomTree International LargeCap Dividend Fund 2.5 48 -13 7.7 +10.0
WWJD Inspire International ETF 2.4 80 -45 7.1 +9.3
DIVI Franklin International Core Dividend Tilt Index ETF 2.4 9 26 8.0 +10.2
IDEV iShares Core MSCI International Developed Markets ETF 2.4 4 31 6.7 +8.9
DFSI Dimensional International Sustainability Core 1 ETF 2.3 24 11 6.2 +8.4
AGQI First Trust Active Global Quality Income ETF 2.3 85 -50 5.8 +8.0
JHMD John Hancock Multifactor Developed International ETF 2.2 39 -4 7.4 +9.6
CRUZ Defiance Hotel Airline and Cruise ETF 2.2 45 -10 -4.9 -2.7
SAGP Strategas Global Policy Opportunities ETF 2.2 65 -30 4.5 +6.7
DFAI Dimensional International Core Equity Market ETF 2.2 18 17 6.9 +9.1
VEA Vanguard FTSE Developed Markets ETF 2.2 5 30 7.0 +9.2
SPDW SPDR Portfolio Developed World ex-US ETF 2.1 3 32 6.9 +9.1
RFDI First Trust Riverfront Dynamic Developed International ETF 2.1 83 -48 9.0 +11.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.1 20 15 6.9 +9.1
AVDE Avantis International Equity ETF 2.1 23 12 7.9 +10.1
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 5 6.8 +9.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.0 40 -5 7.8 +10.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 -14 7.3 +9.5
ESGD iShares ESG Aware MSCI EAFE ETF 2.0 20 15 6.3 +8.5
DWM WisdomTree International Equity Fund 2.0 48 -13 7.8 +10.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 41 -6 6.7 +8.9
ACWX iShares MSCI ACWI ex U.S. ETF 1.9 34 1 6.7 +8.9
SCHF Schwab International Equity ETF 1.9 6 29 7.0 +9.2
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 -20 8.0 +10.3
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 -10 4.6 +6.9
ARB AltShares Merger Arbitrage ETF 1.8 77 -42 -0.2 +2.0
AVIV Avantis International Large Cap Value ETF 1.8 25 10 8.9 +11.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.8 32 3 6.7 +8.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 8 27 7.2 +9.4
TTAI FCF International Quality ETF 1.7 59 -24 7.4 +9.6
FPAG FPA Global Equity ETF 1.7 49 -14 5.7 +7.9
IXUS iShares Core MSCI Total International Stock ETF 1.7 7 28 6.9 +9.1
IMTM iShares MSCI Intl Momentum Factor ETF 1.7 30 5 6.8 +9.0
VXUS Vanguard Total International Stock ETF 1.6 7 28 7.1 +9.3
GDVD R3 Global Dividend Growth ETF 1.6 88 -53 5.8 +8.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 -4 7.3 +9.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 -23 9.1 +11.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.4 39 -4 7.6 +9.8
MEM Matthews Emerging Markets Equity Active ETF 1.4 79 -44 5.7 +7.9
IDMO Invesco S&P International Developed Momentum ETF 1.3 25 10 7.0 +9.2
DFIC Dimensional International Core Equity 2 ETF 1.3 23 12 7.4 +9.6
DMXF iShares ESG Advanced MSCI EAFE ETF 1.3 12 23 5.4 +7.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.3 51 -16 6.8 +9.0
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -10 6.9 +9.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -45 10.8 +13.0
FDEV Fidelity International Multifactor ETF 1.2 18 17 7.5 +9.7
IQIN IQ 500 International ETF 1.2 25 10 8.8 +11.0
BLES Inspire Global Hope ETF 1.2 61 -26 6.3 +8.5
DIM WisdomTree International MidCap Dividend Fund 1.1 58 -23 7.7 +9.9
IQDE FlexShares International Quality Dividend Defensive Index ET 1.1 47 -12 10.7 +12.9
ESGG FlexShares STOXX Global ESG Select Index Fund 1.1 42 -7 5.1 +7.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.1 22 13 6.2 +8.4
ISZE iShares MSCI Intl Size Factor ETF 1.1 30 5 6.6 +8.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.1 52 -17 5.8 +8.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.0 31 4 6.4 +8.6
FLHK Franklin FTSE Hong Kong ETF 1.0 9 26 7.4 +9.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 15 5.6 +7.8
DFIV Dimensional International Value ETF 1.0 27 8 9.8 +12.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 11 8.6 +10.8
IOO iShares Global 100 ETF 0.9 41 -6 4.8 +7.0
IEUS iShares MSCI Europe Small-Cap ETF 0.9 42 -7 0.0 +2.2
FLGB Franklin FTSE United Kingdom ETF 0.9 9 26 8.3 +10.5
CGGR Capital Group Growth ETF 0.9 39 -4 3.5 +5.7
TPIF Timothy Plan International ETF 0.9 62 -27 6.7 +8.9
EWU iShares MSCI United Kingdom ETF 0.9 50 -15 7.8 +10.1
VSGX Vanguard ESG International Stock ETF 0.9 12 23 6.8 +9.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 5 7.8 +10.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.9 9 26 5.5 +7.7
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 5 6.1 +8.3
TOK iShares MSCI Kokusai ETF 0.8 26 9 5.3 +7.5
MOTI VanEck Morningstar International Moat ETF 0.8 58 -23 6.9 +9.1
URTH iShares MSCI World ETF 0.8 24 11 5.4 +7.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 -10 8.5 +10.7
FIDI Fidelity International High Dividend ETF 0.7 18 17 10.1 +12.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 26 5.7 +7.9
ACWI iShares MSCI ACWI ETF 0.7 32 3 5.5 +7.7
UIVM VictoryShares International Value Momentum ETF 0.7 35 0 10.7 +12.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -24 6.2 +8.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 -2 8.7 +10.9
DGT SPDR Global Dow ETF 0.6 50 -15 6.7 +8.9
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 -23 10.9 +13.1
VT Vanguard Total World Stock ETF 0.6 7 28 5.8 +8.0
SCHC Schwab International Small-Cap Equity ETF 0.6 11 24 6.4 +8.6
EWG iShares MSCI Germany ETF 0.6 50 -15 6.5 +8.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -4 6.9 +9.1
DAX Global X DAX Germany ETF 0.6 21 14 6.9 +9.1
CGUS Capital Group Core Equity ETF 0.6 33 2 4.7 +6.9
DBGR Xtrackers MSCI Germany Hedged Equity ETF 0.6 45 -10 6.4 +8.6
GLOF iShares Global Equity Factor ETF 0.5 20 15 7.1 +9.3
DFIS Dimensional International Small Cap ETF 0.5 39 -4 6.7 +8.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 10 9.1 +11.3
OCEN IQ Clean Oceans ETF 0.5 45 -10 5.3 +7.5
RAYD Rayliant Quantitative Developed Market Equity ETF 0.5 80 -45 4.5 +6.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 -5 0.0 +2.2
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 -7 6.2 +8.4
USVT US Value ETF 0.4 49 -14 11.3 +13.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -35 4.6 +6.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 28 6.5 +8.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 23 5.1 +7.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 15 20 7.6 +9.8
MILN Global X Millennial Consumer ETF 0.4 50 -15 2.4 +4.6
VIDI Vident International Equity Strategy ETF 0.4 61 -26 11.9 +14.1
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 12 8.8 +11.0
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -23 8.8 +11.0
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 20 7.4 +9.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 26 9.8 +12.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.3 75 -40 4.7 +6.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 -14 6.7 +8.9
SMDY Syntax Stratified MidCap ETF 0.3 35 0 6.3 +8.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 6 8.8 +11.0
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 5 10.6 +12.9
APIE ActivePassive International Equity ETF 0.2 45 -10 7.7 +9.9
AVDV Avantis International Small Cap Value ETF 0.2 36 -1 8.0 +10.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -45 11.0 +13.2
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 29 8.1 +10.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 6 9.1 +11.3
RODE Hartford Multifactor Diversified International ETF 0.2 29 6 11.5 +13.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 -4 8.7 +10.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -30 12.8 +15.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 23 6.8 +9.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 11 7.8 +10.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 15 10.7 +12.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 20 7.1 +9.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 20 8.2 +10.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 17 8.2 +10.4
JAVA JPMorgan Active Value ETF 0.2 44 -9 6.3 +8.5
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 12 6.8 +9.0
EFV iShares MSCI EAFE Value ETF 0.2 34 1 9.1 +11.3
WLDR Affinity World Leaders Equity ETF 0.2 67 -32 8.5 +10.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 25 6.9 +9.1
IJH iShares Core S&P Mid-Cap ETF 0.2 5 30 6.9 +9.1
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 32 7.0 +9.2
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 0 5.4 +7.6
GWX SPDR S&P International Small Cap ETF 0.2 40 -5 6.6 +8.8
PKW Invesco Buyback Achievers ETF 0.2 62 -27 7.1 +9.3
SCHA Schwab U.S. Small-Cap ETF 0.2 4 31 4.9 +7.1
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 10 10.0 +12.3
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 7 8.2 +10.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.2 15 20 5.8 +8.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 18 5.8 +8.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 31 6.1 +8.3
VBR Vanguard Small Cap Value ETF 0.2 7 28 8.2 +10.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 28 5.8 +8.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.2 8 27 4.9 +7.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 18 5.4 +7.7
GVLU Gotham 1000 Value ETF 0.1 50 -15 7.4 +9.6
VCR Vanguard Consumer Discretionary ETF 0.1 10 25 4.7 +6.9
IEDI iShares U.S. Consumer Focused ETF 0.1 18 17 5.0 +7.2
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 23 8.4 +10.6
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 10 5.4 +7.6
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 -7 6.6 +8.8
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 31 6.3 +8.6
ISCB iShares Morningstar Small-Cap ETF 0.1 4 31 5.3 +7.6
SFYX SoFi Next 500 ETF 0.1 0 35 5.6 +7.8
VB Vanguard Small-Cap ETF 0.1 5 30 5.4 +7.6
DFSV Dimensional US Small Cap Value ETF 0.1 31 4 8.9 +11.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 -4 4.5 +6.8
IYC iShares U.S. Consumer Discretionary ETF 0.1 40 -5 3.8 +6.0
VXF Vanguard Extended Market ETF 0.1 6 29 3.9 +6.1
SMMD iShares Russell 2500 ETF 0.1 15 20 6.0 +8.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 10 5.7 +7.9
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 20 7.5 +9.7
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 6.0 +8.2
IWS iShares Russell Mid-Cap Value ETF 0.1 23 12 6.6 +8.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 7.2 +9.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 16 6.5 +8.8
AVUS Avantis U.S. Equity ETF 0.1 15 20 6.0 +8.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 13 7.6 +9.8
VPL Vanguard FTSE Pacific ETF 0.1 8 27 7.0 +9.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.0 20 15 6.0 +8.2
IWR iShares Russell Midcap ETF 0.0 19 16 5.7 +7.9
IUS Invesco RAFI Strategic US ETF 0.0 19 16 7.3 +9.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 5.7 +7.9
STXV Strive 1000 Value ETF 0.0 18 17 7.8 +10.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 7.1 +9.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.9 +7.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.1 +9.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.7 +7.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.1 +9.3
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.6 +8.8
VONV Vanguard Russell 1000 Value ETF 0.0 8 27 6.7 +8.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 20 5.8 +8.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 7.3 +9.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.1 +7.4
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.1 +9.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 5.2 +7.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.4 +7.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 5.1 +7.4
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.2 +7.4
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.8 +9.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 5.1 +7.3
IYY iShares Dow Jones U.S. ETF 0.0 20 15 5.1 +7.3
IWB iShares Russell 1000 ETF 0.0 15 20 5.1 +7.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 14 3.9 +6.1
VONE Vanguard Russell 1000 ETF 0.0 8 27 5.2 +7.4
SCHK Schwab 1000 Index ETF 0.0 5 30 5.3 +7.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.4 +7.6
VTHR Vanguard Russell 3000 ETF 0.0 10 25 5.1 +7.3
VTI Vanguard Total Stock Market ETF 0.0 3 32 5.1 +7.3
IWV iShares Russell 3000 ETF 0.0 20 15 5.0 +7.2
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 4.6 +6.9
DISV Dimensional International Small Cap Value ETF 0.0 42 -7 9.2 +11.4
DFUS Dimensional U.S. Equity ETF 0.0 9 26 5.1 +7.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.5 +6.7

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:		 Themes European Luxury 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 -3.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score -2.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.