Themes European Luxury ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 42.3x P/Sales
ratio		 1.2x
P/BV
ratio		 2.1x 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) $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) $40,810
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
KERING-UNSPONSORED ADR 4.8 %
CAPRI HOLDINGS LIMITED 4.4 %
INTERCONTINENTAL HOTELS GROUP PLC 4.3 %
PORSCHE AUTOMOBIL HLDG-PFD 4.3 %
DOUGLAS AG 4.3 %
SWATCH GROUP LTD. BEARER 4.3 %
MONCLER SPA 4.2 %
LVMH MOET HENNESSY LOUIS VUI 4.2 %
HUGO BOSS AG -ORD 4.2 %
PUIG BRANDS SA-B 4.1 %
Total 43.1 %

TOP COUNTRY EXPOSURE
BRITAIN 24.1 %
ITALY 23.2 %
FRANCE 19.8 %
SWITZERLAND 12.0 %
GERMANY 8.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.3% 4.2% -- -- -5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 35%
MSCI EAFE 1.25 60%
MSCI Emg. Mkts. 0.92 34%

Technical Indicators
Recent close $22.00
30d moving avg. $21.76
Annualized volatility 21.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 51

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 267 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™: 3.7%


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
(%)
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.0 42 -7 3.9 +0.2
EWQ iShares MSCI France ETF 6.9 53 -18 6.6 +2.9
EWI iShares MSCI Italy ETF 6.5 50 -15 10.6 +6.9
HEDJ WisdomTree Europe Hedged Equity Fund 6.4 58 -23 6.0 +2.2
RXI iShares Global Consumer Discretionary ETF 6.3 41 -6 8.3 +4.5
AGQI First Trust Active Global Quality Income ETF 6.2 85 -50 6.4 +2.6
IDHQ Invesco S&P International Developed High Quality ETF 5.2 29 6 5.0 +1.2
FEOE First Eagle Overseas Equity ETF 4.9 79 -44 6.1 +2.4
OEFA ALPS O’Shares International Developed Quality Dividend ETF 4.9 48 -13 4.7 +1.0
FEZ SPDR EURO STOXX 50 ETF 4.9 29 6 5.7 +2.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.8 58 -23 6.3 +2.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.8 58 -23 5.2 +1.5
IQDG WisdomTree International Quality Dividend Growth Fund 4.8 42 -7 5.7 +2.0
EWL iShares MSCI Switzerland ETF 4.7 50 -15 5.4 +1.7
FLSW Franklin FTSE Switzerland ETF 4.4 9 26 5.6 +1.9
BINV Brandes International ETF 4.3 70 -35 8.5 +4.8
IVSI Applied Finance IVS International Large ETF 3.5 65 -30 5.8 +2.1
FSZ First Trust Switzerland AlphaDEX Fund 3.4 80 -45 5.1 +1.4
EZU iShares MSCI Eurozone ETF 3.4 52 -17 5.6 +1.9
HEZU iShares Currency Hedged MSCI Eurozone ETF 3.4 53 -18 5.4 +1.6
ICPY Tweedy, Browne International Insider Value ETF 3.3 80 -45 21.0 +17.2
CBSE Clough Select Equity ETF 3.2 85 -50 0.3 -3.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 3.2 65 -30 4.0 +0.3
FEGE First Eagle Global Equity ETF 3.1 79 -44 6.1 +2.3
IQLT iShares MSCI Intl Quality Factor ETF 3.1 30 5 5.4 +1.7
IEV iShares Europe ETF 2.9 67 -32 5.8 +2.1
BKCI BNY Mellon Concentrated International ETF 2.8 80 -45 4.8 +1.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.7 45 -10 5.4 +1.7
VGK Vanguard FTSE Europe ETF 2.6 6 29 6.5 +2.8
SPEU SPDR Portfolio Europe ETF 2.5 7 28 6.5 +2.7
IEUR iShares Core MSCI Europe ETF 2.5 11 24 6.4 +2.6
EFG iShares MSCI EAFE Growth ETF 2.5 36 -1 3.7 -0.0
FLEE Franklin FTSE Europe ETF 2.4 9 26 6.3 +2.6
BBEU JPMorgan BetaBuilders Europe ETF 2.4 9 26 6.2 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 2.4 46 -11 5.3 +1.6
AKRE Akre Focus ETF 2.3 106 -71 4.4 +0.6
COPY Tweedy, Browne Insider + Value ETF 2.3 80 -45 14.6 +10.9
QINT American Century Quality Diversified International ETF 2.3 39 -4 6.6 +2.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.2 35 0 5.6 +1.9
CGXU Capital Group International Focus Equity ETF 2.1 54 -19 3.7 -0.0
DIVI Franklin International Core Dividend Tilt Index ETF 2.1 9 26 6.5 +2.8
IDRV iShares Self-driving EV & Tech ETF 2.0 47 -12 1.5 -2.3
TTAI FCF International Quality ETF 2.0 59 -24 6.9 +3.2
DIHP Dimensional International High Profitability ETF 2.0 29 6 5.7 +2.0
FICS First Trust International Developed Capital Strength ETF 1.9 70 -35 6.5 +2.8
UMMA Wahed Dow Jones Islamic World ETF 1.9 65 -30 3.4 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.9 20 15 5.5 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.9 14 21 5.2 +1.5
STXI Strive International Developed Markets ETF 1.8 29 6 6.3 +2.5
EWUS iShares MSCI United Kingdom Small Cap ETF 1.8 59 -24 7.3 +3.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.8 30 5 6.1 +2.3
EFA iShares MSCI EAFE ETF 1.7 35 0 5.7 +2.0
HEFA iShares Currency Hedged MSCI EAFE ETF 1.7 35 0 5.6 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.6 40 -5 5.6 +1.9
DWM WisdomTree International Equity Fund 1.6 48 -13 5.6 +1.9
JIRE JPMorgan International Research Enhanced Equity ETF 1.6 24 11 5.7 +2.0
HFXI IQ FTSE International Equity Currency Neutral ETF 1.6 20 15 5.5 +1.8
IEFA iShares Core MSCI EAFE ETF 1.5 7 28 6.0 +2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.5 36 -1 5.1 +1.4
JIG JPMorgan International Growth ETF 1.5 55 -20 3.5 -0.2
DOL WisdomTree International LargeCap Dividend Fund 1.5 48 -13 5.6 +1.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.5 12 23 5.2 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 1.4 20 15 5.8 +2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.4 25 10 6.3 +2.6
IDEV iShares Core MSCI International Developed Markets ETF 1.4 4 31 6.0 +2.2
DFSI Dimensional International Sustainability Core 1 ETF 1.4 24 11 5.6 +1.9
VEA Vanguard FTSE Developed Markets ETF 1.3 3 32 5.9 +2.1
BWEB Bitwise Web3 ETF 1.3 85 -50 -0.1 -3.8
AVSD Avantis Responsible International Equity ETF 1.3 23 12 5.9 +2.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 32 5.8 +2.0
BKIE BNY Mellon International Equity ETF 1.3 4 31 5.9 +2.2
DFAI Dimensional International Core Equity Market ETF 1.2 18 17 6.0 +2.3
IMFL Invesco International Developed Dynamic Multifactor ETF 1.2 34 1 5.1 +1.4
FPAG FPA Global Equity ETF 1.2 49 -14 5.7 +1.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.2 20 15 5.6 +1.9
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 5 6.3 +2.6
DISV Dimensional International Small Cap Value ETF 1.1 42 -7 8.3 +4.5
ESGD iShares ESG Aware MSCI EAFE ETF 1.1 20 15 5.7 +2.0
JHMD John Hancock Multifactor Developed International ETF 1.1 39 -4 6.2 +2.4
AIVI WisdomTree International AI Enhanced Value Fund 1.0 58 -23 6.2 +2.5
AVDE Avantis International Equity ETF 1.0 23 12 6.2 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -48 7.6 +3.8
CGGO Capital Group Global Growth Equity ETF 1.0 47 -12 3.9 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 4 31 6.6 +2.9
IGRO iShares International Dividend Growth ETF 1.0 15 20 6.6 +2.9
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 1 6.3 +2.5
RCGE RockCreek Global Equality ETF 1.0 95 -60 5.9 +2.2
SCHF Schwab International Equity ETF 1.0 6 29 5.8 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 -6 5.8 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 1.0 12 23 4.8 +1.1
VXUS Vanguard Total International Stock ETF 1.0 5 30 6.5 +2.8
EFV iShares MSCI EAFE Value ETF 1.0 34 1 7.5 +3.8
DFIS Dimensional International Small Cap ETF 0.9 39 -4 6.2 +2.5
WWJD Inspire International ETF 0.9 80 -45 6.4 +2.6
IEUS iShares MSCI Europe Small-Cap ETF 0.9 42 -7 6.9 +3.2
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 28 6.5 +2.8
AVIV Avantis International Large Cap Value ETF 0.9 25 10 6.9 +3.2
DFIC Dimensional International Core Equity 2 ETF 0.9 23 12 6.2 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.9 39 -4 7.0 +3.3
CGIE Capital Group International Equity ETF 0.9 54 -19 4.5 +0.8
INTF iShares International Equity Factor ETF 0.9 15 20 6.5 +2.7
DXIV Dimensional International Vector Equity ETF 0.9 34 1 6.6 +2.9
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 0 11.0 +7.3
DIM WisdomTree International MidCap Dividend Fund 0.8 58 -23 6.3 +2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 17 6.3 +2.5
JGLO JPMorgan Global Select Equity ETF 0.8 33 2 4.2 +0.5
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -40 4.5 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 -10 6.7 +3.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -21 9.9 +6.1
DFIV Dimensional International Value ETF 0.8 27 8 7.8 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 10 6.1 +2.4
IDV iShares International Select Dividend ETF 0.8 51 -16 9.5 +5.7
TPIF Timothy Plan International ETF 0.8 62 -27 5.5 +1.8
AVDV Avantis International Small Cap Value ETF 0.7 36 -1 7.9 +4.2
FRGN Horizon International Equity ETF 0.7 75 -40 7.7 +4.0
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 12 7.3 +3.6
APIE ActivePassive International Equity ETF 0.7 45 -10 6.3 +2.5
CIL VictoryShares International Volatility Wtd ETF 0.6 45 -10 5.9 +2.1
CGDG Capital Group Dividend Growers ETF 0.6 47 -12 5.1 +1.4
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 25 4.9 +1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 5 6.4 +2.6
IQSI IQ Candriam International Equity ETF 0.6 15 20 5.5 +1.8
DGT State Street SPDR Global Dow ETF 0.5 50 -15 5.6 +1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 15 4.7 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 10 7.4 +3.6
DTAN Sparkline International Intangible Value ETF 0.5 55 -20 7.3 +3.5
HART IQ Healthy Hearts ETF 0.5 45 -10 5.9 +2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.5 42 -7 4.0 +0.2
GEW Cambria Global EW ETF 0.5 29 6 5.3 +1.6
VSGX Vanguard ESG International Stock ETF 0.5 10 25 6.4 +2.7
FDWM Fidelity Women's Leadership ETF 0.5 59 -24 3.9 +0.2
BLES Inspire Global Hope ETF 0.5 61 -26 5.7 +2.0
NIXT Research Affiliates Deletions ETF 0.5 9 26 6.3 +2.5
TOK iShares MSCI Kokusai ETF 0.4 26 9 4.2 +0.5
URTH iShares MSCI World ETF 0.4 24 11 4.3 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 4 5.3 +1.6
OCEN IQ Clean Oceans ETF 0.4 45 -10 4.6 +0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.4 9 26 4.4 +0.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 6.2 +2.4
AVDS Avantis International Small Cap Equity ETF 0.4 30 5 6.1 +2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 26 4.8 +1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -45 9.4 +5.6
UIVM VictoryShares International Value Momentum ETF 0.4 35 0 8.1 +4.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 -12 7.1 +3.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.4 55 -20 8.6 +4.9
ACWI iShares MSCI ACWI ETF 0.4 32 3 4.6 +0.9
VT Vanguard Total World Stock ETF 0.4 6 29 4.9 +1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 -14 6.1 +2.4
CGGR Capital Group Growth ETF 0.4 39 -4 2.5 -1.2
IOO iShares Global 100 ETF 0.3 41 -6 3.8 +0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.3 25 10 5.4 +1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 4.4 +0.7
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 17 0.0 -3.7
QWLD SPDR MSCI World StrategicFactors ETF 0.3 30 5 5.1 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 -4 6.2 +2.5
MILN Global X Millennial Consumer ETF 0.3 50 -15 4.0 +0.2
PPIE Putnam PanAgora ESG International Equity ETF 0.3 49 -14 6.3 +2.5
DAX Global X DAX Germany ETF 0.3 21 14 6.3 +2.6
EWG iShares MSCI Germany ETF 0.3 50 -15 6.1 +2.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -4 6.8 +3.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 13 5.8 +2.0
SCHC Schwab International Small-Cap Equity ETF 0.2 11 24 6.7 +3.0
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 5 8.0 +4.3
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -24 2.1 -1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 11 6.9 +3.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -45 6.6 +2.8
FENI Fidelity Enhanced International ETF 0.2 28 7 5.7 +2.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 -2 7.1 +3.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -30 8.1 +4.4
FLGB Franklin FTSE United Kingdom ETF 0.2 9 26 6.8 +3.1
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -23 7.5 +3.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 -4 7.6 +3.9
GWX SPDR S&P International Small Cap ETF 0.2 40 -5 6.0 +2.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 27 6.3 +2.6
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 -25 9.6 +5.9
WSML iShares MSCI World Small-Cap ETF 0.2 15 20 5.3 +1.5
IWN iShares Russell 2000 Value ETF 0.1 24 11 4.6 +0.8
VTWV Vanguard Russell 2000 Value ETF 0.1 10 25 4.7 +1.0
VFVA Vanguard U.S. Value Factor ETF 0.1 13 22 9.1 +5.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 11 5.8 +2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.1 32 3 5.4 +1.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 26 3.5 -0.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.1 15 20 6.6 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.1 17 18 7.9 +4.2
VIDI Vident International Equity Strategy ETF 0.1 61 -26 8.2 +4.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 31 5.0 +1.3
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.1 43 -8 4.7 +1.0
IQDF FlexShares International Quality Dividend Index Fund 0.1 47 -12 7.4 +3.7
RSSL Global X Russell 2000 ETF 0.1 8 27 2.6 -1.2
STXK Strive Small-Cap ETF 0.1 18 17 5.0 +1.2
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -54 4.2 +0.5
IWM iShares Russell 2000 ETF 0.1 19 16 2.5 -1.2
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 -30 3.9 +0.2
VTWO Vanguard Russell 2000 ETF 0.1 7 28 2.6 -1.1
VCR Vanguard Consumer Discretionary ETF 0.1 9 26 4.4 +0.6
NUSC Nuveen ESG Small-Cap ETF 0.1 31 4 4.8 +1.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 0 5.7 +2.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 0 6.2 +2.5
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 23 5.8 +2.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 27 4.4 +0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 15 3.8 +0.1
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.1 15 20 7.8 +4.0
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 10 7.7 +4.0
IJJ iShares S&P Mid-Cap 400 Value ETF 0.1 18 17 7.7 +4.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.1 10 25 7.8 +4.1
MDY SPDR S&P Midcap 400 ETF Trust 0.1 23 12 5.8 +2.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 32 6.0 +2.3
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 7 28 6.0 +2.2
IJH iShares Core S&P Mid-Cap ETF 0.1 5 30 6.0 +2.2
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 0.1 15 20 4.1 +0.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 10 25 4.1 +0.4
DTH WisdomTree International High Dividend Fund 0.1 58 -23 7.4 +3.7
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 18 4.0 +0.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 18 4.8 +1.0
IEDI iShares U.S. Consumer Focused ETF 0.1 18 17 5.3 +1.6
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 10 4.4 +0.7
IWO iShares Russell 2000 Growth ETF 0.1 24 11 0.5 -3.3
SCHA Schwab U.S. Small-Cap ETF 0.0 4 31 4.2 +0.4
VBR Vanguard Small Cap Value ETF 0.0 7 28 7.7 +3.9
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 25 0.6 -3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 6 5.5 +1.7
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 29 7.5 +3.8
SMMD iShares Russell 2500 ETF 0.0 15 20 5.3 +1.6
DFAS Dimensional U.S. Small Cap ETF 0.0 26 9 5.4 +1.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 -4 3.4 -0.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 31 5.2 +1.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 29 2.7 -1.1
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 20 4.8 +1.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 7 8.4 +4.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 6.1 +2.4
VB Vanguard Small-Cap ETF 0.0 5 30 5.1 +1.3
VXF Vanguard Extended Market ETF 0.0 5 30 3.6 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 1 5.5 +1.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 6.1 +2.3
DXUV Dimensional US Vector Equity ETF 0.0 28 7 5.1 +1.4
SAGP Strategas Global Policy Opportunities ETF 0.0 65 -30 4.8 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 16 7.0 +3.3
VPL Vanguard FTSE Pacific ETF 0.0 7 28 5.1 +1.4
GLOF iShares Global Equity Factor ETF 0.0 20 15 5.5 +1.8
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 23 6.1 +2.4
SFGV Sequoia Global Value ETF 0.0 23 12 7.0 +3.3
FKU First Trust United Kingdom AlphaDEX Fund 0.0 80 -45 7.2 +3.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 20 4.8 +1.0
DFSV Dimensional US Small Cap Value ETF 0.0 31 4 8.6 +4.9
EWU iShares MSCI United Kingdom ETF 0.0 50 -15 7.3 +3.5
AVUS Avantis U.S. Equity ETF 0.0 15 20 4.6 +0.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 4.6 +0.8
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 4.1 +0.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 -4 2.1 -1.6
DFUS Dimensional U.S. Equity ETF 0.0 9 26 4.0 +0.3
IUSV iShares Core S&P US Value ETF 0.0 4 31 5.7 +2.0
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 3.7 -0.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 4.1 +0.3
VTHR Vanguard Russell 3000 ETF 0.0 7 28 4.1 +0.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 4.6 +0.9
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 4.2 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 4.1 +0.3
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 31 3.1 -0.7
IWV iShares Russell 3000 ETF 0.0 20 15 3.9 +0.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 32 4.3 +0.6
VTI Vanguard Total Stock Market ETF 0.0 3 32 4.1 +0.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 4.2 +0.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 4.5 +0.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 4.8 +1.1
AVUQ Avantis U.S. Quality ETF 0.0 15 20 3.6 -0.2
EBI Longview Advantage ETF 0.0 35 0 5.8 +2.1
GINN Goldman Sachs Innovate Equity ETF 0.0 52 -17 3.7 -0.1

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%.

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:

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 8.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.58
 
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.