Themes European Luxury ETF
ALTAR
Score™		 0.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 25.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 2.8%


  • 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) $37,574
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
HERMES INTERNATIONAL 4.5 %
PORSCHE AUTOMOBIL HLDG-PFD 4.4 %
BRUNELLO CUCINELLI S.P.A. 4.4 %
MONCLER SPA 4.4 %
PLAYA HOTELS & RESORTS N.V. 4.3 %
INTERPARFUMS 4.3 %
SALVATORE FERRAGAMO SPA 4.3 %
SWATCH GROUP LTD. BEARER 4.3 %
GIVAUDAN SA UNSPONSORED ADR 4.2 %
CIE FINANCIERE RICHEMON-BR A 4.2 %
Total 43.3 %

TOP COUNTRY EXPOSURE
ITALY 25.5 %
FRANCE 20.4 %
BRITAIN 17.5 %
SWITZERLAND 12.9 %
GERMANY 8.2 %
NETHERLANDS 4.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
6.0% -7.5% -- -- -3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.73 16%
MSCI EAFE 1.02 44%
MSCI Emg. Mkts. 0.90 18%

Technical Indicators
Recent close $20.69
30d moving avg. $22.87
Annualized volatility 19.5%
Short interest (ETF) 3.6%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 1
Turnover 3.3%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $573

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 281 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™: 0.5%


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 28.2 75 -40 2.6 +2.1
EWQ iShares MSCI France ETF 8.4 53 -18 7.0 +6.5
RXI iShares Global Consumer Discretionary ETF 8.4 41 -6 9.2 +8.8
EWI iShares MSCI Italy ETF 7.6 50 -15 10.0 +9.6
FEZ SPDR EURO STOXX 50 ETF 7.2 29 6 7.2 +6.7
HEDJ WisdomTree Europe Hedged Equity Fund 6.1 58 -23 6.6 +6.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.0 58 -23 6.5 +6.1
JIG JPMorgan International Growth ETF 5.9 55 -20 4.8 +4.3
EZU iShares MSCI Eurozone ETF 5.8 52 -17 6.8 +6.3
EFG iShares MSCI EAFE Growth ETF 5.6 36 -1 4.5 +4.0
IQLT iShares MSCI Intl Quality Factor ETF 5.3 30 5 6.3 +5.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 4.8 45 -10 6.6 +6.2
OEUR ALPS O'Shares Europe Quality Dividend ETF 4.7 48 -13 5.9 +5.5
EWL iShares MSCI Switzerland ETF 4.7 50 -15 5.9 +5.4
IDHQ Invesco S&P International Developed High Quality ETF 4.6 29 6 6.7 +6.2
FLSW Franklin FTSE Switzerland ETF 4.5 9 26 6.2 +5.7
IEV iShares Europe ETF 4.2 67 -32 6.9 +6.5
IDRV iShares Self-driving EV & Tech ETF 4.1 47 -12 2.5 +2.0
FSZ First Trust Switzerland AlphaDEX Fund 4.0 80 -45 5.0 +4.6
BEDZ AdvisorShares Hotel ETF 3.9 100 -65 2.5 +2.0
IEUR iShares Core MSCI Europe ETF 3.8 11 24 7.4 +6.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.8 58 -23 7.1 +6.6
NBCC Neuberger Berman Next Generation Connected Consumer ETF 3.8 56 -21 2.6 +2.1
IQDG WisdomTree International Quality Dividend Growth Fund 3.7 42 -7 7.2 +6.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.7 42 -7 6.8 +6.3
DIHP Dimensional International High Profitability ETF 3.7 29 6 7.4 +6.9
BKCI BNY Mellon Concentrated International ETF 3.7 80 -45 4.9 +4.5
SPEU SPDR Portfolio Europe ETF 3.6 7 28 7.5 +7.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 3.6 46 -11 6.8 +6.3
FGM First Trust Germany AlphaDEX Fund 3.6 80 -45 9.0 +8.6
VGK Vanguard FTSE Europe ETF 3.6 11 24 7.5 +7.0
DSTX Distillate International Fundamental Stability & Value ETF 3.5 55 -20 8.4 +8.0
BBEU JPMorgan BetaBuilders Europe ETF 3.4 9 26 7.2 +6.8
FLEE Franklin FTSE Europe ETF 3.4 9 26 7.0 +6.6
AGQI First Trust Active Global Quality Income ETF 3.4 85 -50 6.6 +6.1
IMFL Invesco International Developed Dynamic Multifactor ETF 3.3 34 1 6.2 +5.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.3 14 21 6.0 +5.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.2 35 0 5.9 +5.4
CBSE Clough Select Equity ETF 3.2 85 -50 1.6 +1.2
JIRE JPMorgan International Research Enhanced Equity ETF 3.1 24 11 7.4 +6.9
UMMA Wahed Dow Jones Islamic World ETF 3.0 65 -30 5.3 +4.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.9 20 15 6.6 +6.2
OSEA Harbor International Compounders ETF 2.9 55 -20 4.7 +4.2
CGGO Capital Group Global Growth Equity ETF 2.8 47 -12 5.0 +4.5
JGLO JPMorgan Global Select Equity ETF 2.8 33 2 5.1 +4.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.8 30 5 7.3 +6.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 2.8 25 10 7.2 +6.8
EFA iShares MSCI EAFE ETF 2.8 35 0 7.0 +6.6
STXI Strive International Developed Markets ETF 2.7 29 6 5.9 +5.5
BINV Brandes International ETF 2.6 70 -35 9.5 +9.1
IEFA iShares Core MSCI EAFE ETF 2.5 7 28 7.4 +6.9
MOTG VanEck Morningstar Global Wide Moat ETF 2.4 52 -17 6.7 +6.2
DOL WisdomTree International LargeCap Dividend Fund 2.4 48 -13 7.5 +7.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.4 80 -45 4.9 +4.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.4 36 -1 6.9 +6.4
DIVI Franklin International Core Dividend Tilt Index ETF 2.4 9 26 8.2 +7.8
HFXI IQ FTSE International Equity Currency Neutral ETF 2.3 20 15 7.4 +6.9
GSID Goldman Sachs MarketBeta International Equity ETF 2.3 20 15 7.1 +6.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.3 12 23 6.2 +5.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.2 65 -30 4.1 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 2.2 4 31 7.4 +6.9
RFEU First Trust Riverfront Dynamic Europe ETF 2.2 83 -48 10.0 +9.6
CGIE Capital Group International Equity ETF 2.2 54 -19 5.1 +4.7
DFSI Dimensional International Sustainability Core 1 ETF 2.2 24 11 6.6 +6.1
CRUZ Defiance Hotel Airline and Cruise ETF 2.1 45 -10 3.1 +2.7
INTF iShares International Equity Factor ETF 2.1 15 20 8.1 +7.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.0 20 15 6.7 +6.3
BKIE BNY Mellon International Equity ETF 2.0 4 31 7.3 +6.9
SPDW SPDR Portfolio Developed World ex-US ETF 2.0 3 32 7.5 +7.0
VEA Vanguard FTSE Developed Markets ETF 2.0 5 30 7.6 +7.1
TTAI FCF International Quality ETF 2.0 59 -24 6.9 +6.5
EWUS iShares MSCI United Kingdom Small Cap ETF 1.9 59 -24 7.4 +6.9
ESGD iShares ESG Aware MSCI EAFE ETF 1.9 20 15 7.1 +6.7
DFAI Dimensional International Core Equity Market ETF 1.9 18 17 7.6 +7.1
QINT American Century Quality Diversified International ETF 1.9 39 -4 7.6 +7.2
COPY Tweedy, Browne Insider + Value ETF 1.9 80 -45 12.6 +12.2
FPAG FPA Global Equity ETF 1.8 49 -14 6.3 +5.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.8 40 -5 7.5 +7.1
RFDI First Trust Riverfront Dynamic Developed International ETF 1.8 83 -48 10.0 +9.6
AVSD Avantis Responsible International Equity ETF 1.8 23 12 6.8 +6.4
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 5 8.2 +7.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.7 34 1 8.1 +7.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.7 25 10 7.5 +7.0
DWM WisdomTree International Equity Fund 1.7 48 -13 7.7 +7.2
JHID John Hancock International High Dividend ETF 1.7 46 -11 10.3 +9.8
SCHF Schwab International Equity ETF 1.7 6 29 7.7 +7.3
JHMD John Hancock Multifactor Developed International ETF 1.7 39 -4 7.8 +7.3
DMXF iShares ESG Advanced MSCI EAFE ETF 1.6 12 23 5.8 +5.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 8 27 8.5 +8.0
IXUS iShares Core MSCI Total International Stock ETF 1.6 7 28 8.3 +7.8
AVDE Avantis International Equity ETF 1.5 23 12 8.0 +7.5
FKU First Trust United Kingdom AlphaDEX Fund 1.5 80 -45 7.9 +7.5
KNO AXS Knowledge Leaders ETF 1.5 78 -43 6.1 +5.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 -6 7.1 +6.6
VXUS Vanguard Total International Stock ETF 1.5 7 28 8.3 +7.8
FENI Fidelity Enhanced International ETF 1.5 28 7 7.0 +6.5
FIVA Fidelity International Value Factor ETF 1.4 18 17 10.5 +10.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 17 8.1 +7.6
CGXU Capital Group International Focus Equity ETF 1.3 54 -19 5.9 +5.4
BWEB Bitwise Web3 ETF 1.3 85 -50 0.1 -0.4
CIL VictoryShares International Volatility Wtd ETF 1.3 45 -10 7.0 +6.5
AVIV Avantis International Large Cap Value ETF 1.2 25 10 9.3 +8.8
IEUS iShares MSCI Europe Small-Cap ETF 1.2 42 -7 7.2 +6.7
DFIC Dimensional International Core Equity 2 ETF 1.1 23 12 7.9 +7.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.1 39 -4 8.3 +7.9
TPIF Timothy Plan International ETF 1.1 62 -27 6.5 +6.1
IQSI IQ Candriam International Equity ETF 1.0 15 20 6.7 +6.2
FLHK Franklin FTSE Hong Kong ETF 1.0 9 26 6.8 +6.4
DFIV Dimensional International Value ETF 1.0 27 8 10.4 +9.9
ESGG FlexShares STOXX Global ESG Select Index Fund 1.0 42 -7 5.4 +5.0
CGV Conductor Global Equity Value ETF 1.0 130 -95 9.2 +8.7
WWJD Inspire International ETF 1.0 80 -45 7.6 +7.1
FEP First Trust Europe AlphaDEX Fund 1.0 80 -45 9.3 +8.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 1.0 22 13 5.8 +5.4
CZAR Themes Natural Monopoly ETF 0.9 35 0 2.8 +2.3
IPKW Invesco International BuyBack Achievers ETF 0.9 55 -20 15.3 +14.9
RFV Invesco S&P Midcap 400 Pure Value ETF 0.9 35 0 14.1 +13.6
FEUZ First Trust Eurozone AlphaDEX ETF 0.9 80 -45 9.2 +8.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.9 58 -23 9.0 +8.5
GLBL Pacer MSCI World Industry Advantage ETF 0.9 65 -30 5.0 +4.5
VSGX Vanguard ESG International Stock ETF 0.9 12 23 8.2 +7.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 15 6.0 +5.6
KOCG FIS Knights of Columbus Global Belief ETF 0.8 75 -40 5.4 +4.9
CGDG Capital Group Dividend Growers ETF 0.8 47 -12 6.3 +5.9
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 5 5.9 +5.5
FLGB Franklin FTSE United Kingdom ETF 0.8 9 26 8.0 +7.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 5 8.6 +8.1
DTAN Sparkline International Intangible Value ETF 0.8 55 -20 7.2 +6.8
KLMT Invesco MSCI Global Climate 500 ETF 0.8 10 25 6.1 +5.6
TOK iShares MSCI Kokusai ETF 0.7 26 9 5.2 +4.7
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 -12 9.5 +9.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 -10 9.3 +8.9
URTH iShares MSCI World ETF 0.7 24 11 5.5 +5.0
EWU iShares MSCI United Kingdom ETF 0.7 50 -15 8.6 +8.1
APIE ActivePassive International Equity ETF 0.7 45 -10 7.7 +7.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.7 30 5 5.6 +5.2
HART IQ Healthy Hearts ETF 0.7 45 -10 6.6 +6.1
PPIE Putnam PanAgora ESG International Equity ETF 0.7 49 -14 7.8 +7.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.6 9 26 5.5 +5.0
DGT SPDR Global Dow ETF 0.6 50 -15 7.5 +7.0
CGUS Capital Group Core Equity ETF 0.6 33 2 4.6 +4.2
ACWI iShares MSCI ACWI ETF 0.6 32 3 6.0 +5.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 26 6.1 +5.6
CGGR Capital Group Growth ETF 0.6 39 -4 3.7 +3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 -4 7.0 +6.5
IOO iShares Global 100 ETF 0.6 41 -6 5.4 +4.9
FFND Future Fund Active ETF 0.6 100 -65 4.7 +4.2
UIVM VictoryShares International Value Momentum ETF 0.6 35 0 9.5 +9.0
AVDV Avantis International Small Cap Value ETF 0.6 36 -1 10.9 +10.5
VT Vanguard Total World Stock ETF 0.6 7 28 6.3 +5.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 -12 9.0 +8.5
DFIS Dimensional International Small Cap ETF 0.5 39 -4 7.9 +7.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 -5 7.4 +6.9
FIDI Fidelity International High Dividend ETF 0.5 18 17 9.0 +8.5
BLES Inspire Global Hope ETF 0.5 61 -26 6.8 +6.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 10 10.1 +9.7
VIDI Vident International Equity Strategy ETF 0.5 61 -26 12.0 +11.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -45 10.0 +9.5
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 12 8.6 +8.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 -30 12.2 +11.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.4 80 -45 5.7 +5.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.4 24 11 6.4 +6.0
DIM WisdomTree International MidCap Dividend Fund 0.4 58 -23 7.7 +7.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 -4 6.3 +5.8
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 10 6.3 +5.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.4 58 -23 8.4 +7.9
DAX Global X DAX Germany ETF 0.4 21 14 6.8 +6.3
FLOW Global X U.S. Cash Flow Kings 100 ETF 0.4 25 10 9.9 +9.4
EWG iShares MSCI Germany ETF 0.4 50 -15 6.5 +6.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 -2 8.9 +8.4
COWZ Pacer US Cash Cows 100 ETF 0.3 49 -14 9.5 +9.0
DWMF WisdomTree International Multifactor Fund 0.3 38 -3 6.9 +6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 23 5.1 +4.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.3 32 3 6.1 +5.6
SCHC Schwab International Small-Cap Equity ETF 0.3 11 24 7.1 +6.6
FYT First Trust Small Cap Value AlphaDEX Fund 0.3 73 -38 9.9 +9.4
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 -5 11.0 +10.5
OCEN IQ Clean Oceans ETF 0.3 45 -10 5.7 +5.2
WLDR Affinity World Leaders Equity ETF 0.3 67 -32 8.3 +7.9
IDMO Invesco S&P International Developed Momentum ETF 0.3 25 10 5.7 +5.3
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 5 11.1 +10.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 11 7.6 +7.2
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 -4 10.2 +9.7
AVUV Avantis U.S. Small Cap Value ETF 0.2 25 10 10.8 +10.3
SIXL ETC 6 Meridian Low Beta Equity ETF 0.2 80 -45 5.7 +5.3
PATN Pacer Nasdaq International Patent Leaders ETF 0.2 65 -30 4.0 +3.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 -14 7.3 +6.9
ISMD Inspire Small/Mid Cap ETF 0.2 54 -19 4.7 +4.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 26 9.2 +8.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 28 7.0 +6.6
GINN Goldman Sachs Innovate Equity ETF 0.2 52 -17 4.4 +3.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.2 18 17 8.6 +8.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.2 15 20 8.7 +8.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.2 15 20 8.7 +8.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.2 31 4 6.6 +6.2
MILN Global X Millennial Consumer ETF 0.2 50 -15 3.1 +2.6
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 10 6.6 +6.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 26 4.0 +3.5
VFVA Vanguard U.S. Value Factor ETF 0.2 13 22 11.7 +11.2
FDEV Fidelity International Multifactor ETF 0.2 18 17 7.7 +7.2
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 7 10.0 +9.6
GLOF iShares Global Equity Factor ETF 0.2 20 15 6.8 +6.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 18 5.7 +5.2
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -24 3.4 +2.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -26 5.9 +5.4
STXK Strive Small-Cap ETF 0.1 18 17 5.5 +5.0
EES WisdomTree U.S. SmallCap Fund 0.1 38 -3 9.1 +8.7
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.1 8 27 4.9 +4.4
DFSV Dimensional US Small Cap Value ETF 0.1 31 4 10.9 +10.4
VCR Vanguard Consumer Discretionary ETF 0.1 10 25 4.9 +4.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 10 6.0 +5.6
EFV iShares MSCI EAFE Value ETF 0.1 34 1 9.4 +9.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 31 5.9 +5.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.1 15 20 4.3 +3.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -23 8.9 +8.4
NUSC Nuveen ESG Small-Cap ETF 0.1 31 4 5.3 +4.8
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 29 8.4 +7.9
SCHA Schwab U.S. Small-Cap ETF 0.1 4 31 5.3 +4.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 23 7.0 +6.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 -4 4.0 +3.6
IJH iShares Core S&P Mid-Cap ETF 0.1 5 30 7.4 +6.9
MDY SPDR S&P Midcap 400 ETF Trust 0.1 24 11 7.2 +6.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.1 3 32 7.4 +6.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 10 25 7.3 +6.8
DFAS Dimensional U.S. Small Cap ETF 0.1 26 9 6.9 +6.5
GWX SPDR S&P International Small Cap ETF 0.1 40 -5 6.7 +6.3
VYMI Vanguard International High Dividend Yield ETF 0.1 22 13 10.0 +9.5
VBR Vanguard Small Cap Value ETF 0.1 7 28 8.5 +8.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -35 4.5 +4.1
IEDI iShares U.S. Consumer Focused ETF 0.1 18 17 5.3 +4.8
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 20 6.4 +5.9
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 15 6.6 +6.1
PKW Invesco Buyback Achievers ETF 0.1 62 -27 8.0 +7.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -32 10.1 +9.6
VXF Vanguard Extended Market ETF 0.1 6 29 4.5 +4.1
ISCB iShares Morningstar Small-Cap ETF 0.1 4 31 5.6 +5.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 16 10.8 +10.4
VPL Vanguard FTSE Pacific ETF 0.0 8 27 7.7 +7.2
SFYX SoFi Next 500 ETF 0.0 0 35 3.6 +3.1
IYC iShares U.S. Consumer Discretionary ETF 0.0 40 -5 4.1 +3.6
SMMD iShares Russell 2500 ETF 0.0 15 20 6.2 +5.8
VB Vanguard Small-Cap ETF 0.0 5 30 5.7 +5.3
DFUV Dimensional US Marketwide Value ETF 0.0 22 13 8.1 +7.6
REVS Columbia Research Enhanced Value ETF 0.0 19 16 7.6 +7.2
IWS iShares Russell Mid-Cap Value ETF 0.0 23 12 6.5 +6.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 10 7.4 +6.9
IUS Invesco RAFI Strategic US ETF 0.0 19 16 7.1 +6.6
IWR iShares Russell Midcap ETF 0.0 19 16 5.8 +5.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 10 7.3 +6.8
AVUS Avantis U.S. Equity ETF 0.0 15 20 6.3 +5.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 10 5.9 +5.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 17 5.8 +5.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 18 6.0 +5.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 15 6.8 +6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 14 4.3 +3.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 20 4.3 +3.8
JVAL JPMorgan U.S. Value Factor ETF 0.0 12 23 8.5 +8.1
RECS Columbia Research Enhanced Core ETF 0.0 15 20 6.2 +5.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 23 6.5 +6.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 -4 7.0 +6.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 10 5.2 +4.7
IUSV iShares Core S&P US Value ETF 0.0 4 31 6.5 +6.0
IWD iShares Russell 1000 Value ETF 0.0 19 16 6.5 +6.0
VONV Vanguard Russell 1000 Value ETF 0.0 8 27 6.6 +6.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 23 7.2 +6.7
DCOR Dimensional US Core Equity 1 ETF 0.0 14 21 5.8 +5.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 23 5.5 +5.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 32 5.2 +4.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 32 5.3 +4.8
DISV Dimensional International Small Cap Value ETF 0.0 42 -7 9.7 +9.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 26 5.0 +4.5
IWB iShares Russell 1000 ETF 0.0 15 20 5.2 +4.7
IWV iShares Russell 3000 ETF 0.0 20 15 5.0 +4.6
IYY iShares Dow Jones U.S. ETF 0.0 20 15 5.1 +4.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 32 5.5 +5.0
VONE Vanguard Russell 1000 ETF 0.0 8 27 5.3 +4.8
VTHR Vanguard Russell 3000 ETF 0.0 10 25 5.2 +4.7
VTI Vanguard Total Stock Market ETF 0.0 3 32 5.2 +4.7
DFUS Dimensional U.S. Equity ETF 0.0 9 26 5.3 +4.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 23 4.5 +4.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 24 5.2 +4.7

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%.

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:

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 1.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 0.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.55
 
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.