Franklin FTSE Japan Hedged ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 NEUTRAL
2021E    2022E
P/E
ratio		 16.3x P/Sales
ratio		 1.0x
P/BV
ratio		 1.4x Div.
yield		 2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Japan Hedged ETF tracks a market-cap-weighted index of large- and midcap companies in Japan. The fund is currency hedged for USD-based investors.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $24
Currency USD
Expense ratio 9 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 508
Wgt avg mkt cap (mns) $45,280
Large cap (>$10bn) 73.4%
Mid cap ($2-10bn) 24.7%
Small cap (<$2bn) 1.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.2 %
SONY CORP 3.0 %
SOFTBANK GROUP CORP. 2.8 %
KEYENCE CORP 1.9 %
SHIN-ETSU CHEMICAL CO LTD 1.5 %
MITSUBISHI UFJ FINANCIAL GRO 1.5 %
TOKYO ELECTRON LTD 1.5 %
NINTENDO CO LTD 1.4 %
RECRUIT HOLDINGS CO LTD 1.4 %
NIDEC CORP 1.3 %
Total 20.5 %

TOP COUNTRY EXPOSURE
JAPAN 99.5 %










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.
9.2% 46.5% -- -- 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.77 65%
MSCI EAFE 0.80 70%
MSCI Emg. Mkts. 0.53 39%

Technical Indicators
Recent close $30.08
30d moving avg. $30.75
Annualized volatility 17.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 20
Turnover 2.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $23,698

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 300 potential alternatives to the Franklin FTSE Japan Hedged ETF ETF based on the alternatives' overlap in portfolio holdings with FLJH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLJH Expense: 9 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLJH
Ticker Fund
Name		 Overlap1
vs FLJH
(%)		 Expense
ratio
(bp)		 Savings
vs FLJH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLJH
(%)
FLJP Franklin FTSE Japan ETF 98.0 9 0 6.4 -0.2
BBJP JPMorgan BetaBuilders Japan ETF 91.7 19 -10 3.0 -3.6
EWJ iShares MSCI Japan ETF 89.8 51 -42 5.9 -0.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 89.2 46 -37 6.1 -0.5
ZJPN SPDR Solactive Japan ETF 86.8 14 -5 6.4 -0.2
JPXN iShares JPX-Nikkei 400 ETF 83.2 48 -39 6.1 -0.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 82.8 9 0 6.5 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 76.0 25 -16 6.2 -0.3
IPAC iShares Core MSCI Pacific ETF 60.9 9 0 6.1 -0.5
DXJ WisdomTree Japan Hedged Equity Fund 55.9 48 -39 7.4 +0.8
EWJE iShares MSCI Japan Equal Weighted ETF 53.4 15 -6 6.1 -0.5
DFAI Dimensional International Core Equity Market ETF 51.5 18 -9 6.0 -0.6
EWJV iShares MSCI Japan Value ETF 50.8 15 -6 8.3 +1.7
VPL Vanguard FTSE Pacific ETF 37.9 8 1 6.2 -0.3
IDMO Invesco S&P International Developed Momentum ETF 34.3 25 -16 3.3 -3.3
IVLU iShares Edge MSCI Intl Value Factor ETF 32.7 30 -21 9.4 +2.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 30.7 35 -26 5.7 -0.9
FJP First Trust Japan AlphaDEX Fund 30.6 80 -71 7.7 +1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 29.8 12 -3 5.6 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.8 29 -20 6.7 +0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 27.0 30 -21 5.8 -0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.8 30 -21 3.7 -2.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 26.0 83 -74 5.3 -1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.0 14 -5 5.7 -0.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 25.4 24 -15 6.5 -0.1
JHMD John Hancock Multifactor Developed International ETF 25.2 39 -30 6.0 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 24.9 20 -11 5.9 -0.6
EFG iShares MSCI EAFE Growth ETF 24.4 40 -31 3.7 -2.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 24.2 20 -11 5.9 -0.7
EFA iShares MSCI EAFE ETF 24.0 32 -23 5.9 -0.7
IQSI IQ Candriam ESG International Equity ETF 23.9 15 -6 6.0 -0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 23.9 20 -11 6.2 -0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 23.9 20 -11 5.9 -0.7
IQIN IQ 500 International ETF 23.8 25 -16 7.0 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.8 36 -27 5.9 -0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 23.8 7 2 6.2 -0.4
EFV iShares MSCI EAFE Value ETF 23.8 39 -30 7.8 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 23.7 34 -25 8.1 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 23.7 30 -21 5.7 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.1 39 -30 5.6 -1.0
RBIN Nationwide Risk-Based International Equity ETF 23.1 42 -33 5.5 -1.1
BKIE BNY Mellon International Equity ETF 22.8 4 5 6.3 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.7 40 -31 6.9 +0.3
RESD WisdomTree International ESG Fund 22.7 30 -21 5.9 -0.7
IEFA iShares Core MSCI EAFE ETF 22.6 7 2 6.1 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 22.6 25 -16 7.4 +0.8
SCHF Schwab International Equity ETF 21.7 6 3 6.2 -0.4
IDHQ Invesco S&P International Developed Quality ETF 21.0 29 -20 4.9 -1.7
DWM WisdomTree International Equity Fund 21.0 48 -39 6.7 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 20.9 4 5 5.8 -0.7
PDEV Principal International Multi-Factor Core Index ETF 20.3 25 -16 6.6 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 20.3 5 4 6.0 -0.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.9 35 -26 7.6 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.7 25 -16 5.8 -0.8
DOL WisdomTree International LargeCap Dividend Fund 19.3 48 -39 6.7 +0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 19.0 45 -36 5.7 -0.9
JPIN JPMorgan Diversified Return International Equity ETF 19.0 37 -28 6.9 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 18.6 45 -36 5.9 -0.7
TPIF Timothy Plan International ETF 18.6 62 -53 5.6 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 18.4 45 -36 5.9 -0.7
ISDX Invesco RAFI Strategic Developed ex-US ETF 18.2 23 -14 6.0 -0.6
IDLV Invesco S&P International Developed Low Volatility ETF 17.2 25 -16 5.7 -0.9
DIM WisdomTree International MidCap Dividend Fund 17.0 58 -49 6.6 0.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 16.8 20 -11 4.9 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 16.8 45 -36 6.9 +0.3
FIVA Fidelity International Value Factor ETF 16.3 39 -30 8.0 +1.4
AVDE Avantis International Equity ETF 16.2 23 -14 6.4 -0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 16.0 40 -31 5.6 -1.0
QINT American Century Quality Diversified International ETF 15.7 39 -30 6.2 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.7 16 -7 5.8 -0.8
DTH WisdomTree International High Dividend Fund 15.6 58 -49 8.1 +1.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 15.5 39 -30 6.6 0.0
CWI SPDR MSCI ACWI ex-US ETF 15.2 30 -21 6.0 -0.6
DWMF WisdomTree International Multifactor Fund 15.1 38 -29 6.0 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 15.1 32 -23 6.1 -0.5
VWID Virtus WMC International Dividend ETF 15.1 49 -40 7.2 +0.6
VEA Vanguard FTSE Developed Markets ETF 15.0 5 4 6.1 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.0 41 -32 6.0 -0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.9 30 -21 5.1 -1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.3 32 -23 5.5 -1.1
IXUS ishares Core MSCI Total International Stock ETF 14.2 9 0 6.2 -0.4
EXI iShares Global Industrials ETF 14.1 46 -37 4.3 -2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 14.0 29 -20 7.1 +0.5
DOO WisdomTree International Dividend ex-Financials Fund 13.7 58 -49 7.3 +0.7
ESGN Columbia Sustainable International Equity Income ETF 13.6 45 -36 8.5 +1.9
FDEV Fidelity Targeted International Factor ETF 13.4 39 -30 5.5 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 13.1 8 1 6.4 -0.2
VSGX Vanguard ESG International Stock ETF 13.0 17 -8 6.1 -0.5
FDT First Trust Developed Markets ex-US Alphadex Fund 13.0 80 -71 7.0 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.8 58 -49 5.8 -0.8
KLDW Gavekal Knowledge Leaders Developed World ETF 12.5 75 -66 4.0 -2.6
VIGI Vanguard International Dividend Appreciation ETF 12.0 20 -11 4.6 -1.9
IQDG WisdomTree International Quality Dividend Growth Fund 12.0 42 -33 6.0 -0.6
RXI iShares Global Consumer Discretionary ETF 11.8 46 -37 3.5 -3.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.2 80 -71 5.5 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 10.9 49 -40 4.4 -2.2
FIDI Fidelity International High Dividend ETF 10.8 39 -30 8.1 +1.6
RODE Hartford Multifactor Diversified International ETF 10.8 29 -20 9.4 +2.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 10.6 61 -52 4.3 -2.3
IGRO iShares International Dividend Growth ETF 10.6 15 -6 6.6 -0.0
VXUS Vanguard Total International Stock ETF 10.4 8 1 6.3 -0.3
FNDC Schwab Fundamental International Small Co. Index ETF 10.2 39 -30 5.0 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.2 47 -38 8.7 +2.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.0 65 -56 9.6 +3.0
FICS First Trust International Developed Capital Strength ETF 9.9 70 -61 4.3 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 9.5 83 -74 5.0 -1.6
ACWV iShares MSCI Global Min Vol Factor ETF 9.4 20 -11 5.3 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 9.4 30 -21 5.2 -1.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.1 95 -86 4.8 -1.8
DGT SPDR Global Dow ETF 9.0 50 -41 6.1 -0.5
SCJ iShares MSCI Japan Small-Cap ETF 8.8 51 -42 5.7 -0.9
SCZ iShares MSCI Eafe Small-Cap ETF 8.8 40 -31 5.2 -1.4
IVAL Alpha Architect International Quantitative Value ETF 8.7 59 -50 7.7 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 8.6 20 -11 8.1 +1.6
INTF iShares Edge MSCI Multifactor Intl ETF 8.6 30 -21 7.2 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 8.5 42 -33 4.6 -2.0
VYMI Vanguard International High Dividend Yield ETF 8.5 27 -18 8.6 +2.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 8.4 45 -36 8.1 +1.5
RNDM First Trust Developed International Equity Select ETF 8.4 65 -56 5.3 -1.3
IQDF FlexShares International Quality Dividend Index Fund 8.2 47 -38 7.9 +1.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 8.2 20 -11 9.1 +2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.1 58 -49 4.9 -1.7
JSTC Adasina Social Justice All Cap Global ETF 8.0 89 -80 4.8 -1.8
JIG JPMorgan International Growth ETF 8.0 55 -46 2.5 -4.1
GCOW Pacer Global High Dividend ETF 7.7 60 -51 9.5 +2.9
URTH iShares MSCI World ETF 7.3 24 -15 4.8 -1.8
IDRV iShares Self-driving EV & Tech ETF 6.8 47 -38 5.1 -1.5
IDOG ALPS International Sector Dividend Dogs ETF 6.7 50 -41 7.8 +1.3
IXP iShares Global Comm Services ETF 6.7 46 -37 4.8 -1.8
WLDR Affinity World Leaders Equity ETF 6.7 47 -38 7.6 +1.0
IQDE FlexShares International Quality Dividend Defensive Index ET 6.6 47 -38 10.3 +3.8
CARZ First Trust NASDAQ Global Auto Index Fund 6.6 70 -61 8.9 +2.3
DVYA iShares Asia/Pacific Dividend ETF 6.4 49 -40 10.7 +4.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 6.4 30 -21 7.4 +0.8
ACWI iShares MSCI ACWI ETF 6.3 32 -23 4.9 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.3 20 -11 5.1 -1.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 6.2 20 -11 5.1 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.0 47 -38 5.1 -1.4
IPKW Invesco International BuyBack Achievers ETF 5.9 55 -46 6.3 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.9 9 0 5.1 -1.5
IXJ iShares Global Healthcare ETF 5.8 46 -37 6.0 -0.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 5.6 58 -49 8.2 +1.6
DFJ WisdomTree Japan SmallCap Dividend Fund 5.5 58 -49 8.0 +1.4
ROBO Robo Global Robotics & Automation Index ETF 5.4 95 -86 2.2 -4.4
DRIV Global X Autonomous & Electric Vehicles ETF 5.4 68 -59 4.4 -2.2
VT Vanguard Total World Stock ETF 5.3 8 1 5.2 -1.4
SDG iShares Sustainable MSCI Global Impact ETF 5.3 49 -40 5.3 -1.3
DSTX Distillate International Fundamental Stability & Value ETF 5.3 55 -46 6.0 -0.5
XT iShares Exponential Technologies ETF 5.3 47 -38 4.4 -2.2
BOTZ Global X Robotics & Artificial Intelligence ETF 5.2 68 -59 2.3 -4.3
NXTG First Trust Indxx NextG ETF 5.1 70 -61 5.1 -1.5
DEW WisdomTree Global High Dividend Fund 5.0 58 -49 8.1 +1.6
SDGA Impact Shares Sustainable Development Goals Global ETF 5.0 75 -66 4.7 -1.9
KXI iShares Global Consumer Staples ETF 4.9 46 -37 4.9 -1.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 4.8 39 -30 8.7 +2.1
PIZ Invesco DWA Developed Markets Momentum ETF 4.7 80 -71 3.2 -3.4
FID First Trust S&P International Dividend Aristocrats ETF 4.6 60 -51 8.4 +1.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.5 65 -56 1.4 -5.1
IXG iShares Global Financials ETF 4.2 46 -37 7.9 +1.3
AIIQ AI Powered International Equity ETF 4.1 79 -70 4.0 -2.6
AVDV Avantis International Small Cap Value ETF 4.0 36 -27 6.3 -0.3
WDIV SPDR Global Dividend ETF 4.0 40 -31 8.6 +2.0
MXI iShares Global Materials ETF 3.9 45 -36 5.0 -1.6
IXN iShares Global Tech ETF 3.9 46 -37 3.7 -2.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.8 47 -38 1.3 -5.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.7 12 -3 8.5 +2.0
WPS iShares International Developed Property ETF 3.7 48 -39 6.2 -0.4
LVHI Legg Mason International Low Volatility High Dividend ETF 3.7 40 -31 8.2 +1.6
ACWF iShares MSCI Global Multifactor ETF 3.5 35 -26 6.6 +0.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.5 51 -42 4.8 -1.8
HAUZ Xtrackers International Real Estate ETF 3.4 10 -1 7.4 +0.8
MOTI VanEck Vectors Morningstar International Moat ETF 3.4 58 -49 7.6 +1.1
IOO iShares Global 100 ETF 3.3 40 -31 4.6 -2.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.3 68 -59 4.3 -2.2
FYLD Cambria Foreign Shareholder Yield ETF 3.2 59 -50 6.7 +0.1
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 3.1 50 -41 3.3 -3.3
IFGL iShares International Developed Real Estate ETF 3.1 48 -39 6.1 -0.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 3.1 60 -51 5.4 -1.2
IMOM Alpha Architect International Quantitative Momentum ETF 3.0 59 -50 3.0 -3.5
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -49 8.0 +1.4
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 2.9 48 -39 8.1 +1.5
BNE Blue Horizon BNE ETF 2.7 87 -78 2.7 -3.9
MOTO SmartETFs Smart Transportation & Technology ETF 2.7 68 -59 5.2 -1.4
DTEC ALPS Disruptive Technologies ETF 2.6 50 -41 2.7 -3.9
INFR Legg Mason Global Infrastructure ETF 2.6 40 -31 4.9 -1.7
GAMR ETFMG Video Game Tech ETF 2.5 75 -66 2.8 -3.8
DRW WisdomTree Global ex-US Real Estate Fund 2.4 58 -49 8.9 +2.3
HAP VanEck Vectors Natural Resources ETF 2.4 50 -41 5.0 -1.6
QTUM Defiance Quantum ETF 2.4 40 -31 4.4 -2.2
LOUP Innovator Loup Frontier Tech ETF 2.4 70 -61 1.8 -4.8
ESPO VanEck Vectors Video Gaming & eSports ETF 2.4 55 -46 3.0 -3.6
DWX SPDR S&P International Dividend ETF 2.3 45 -36 6.9 +0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 -56 8.0 +1.5
RWX SPDR Dow Jones International Real Estate ETF 2.2 59 -50 5.4 -1.2
RWO SPDR Dow Jones Global Real Estate ETF 2.2 50 -41 5.3 -1.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.1 59 -50 10.5 +4.0
HERO Global X Video Games & Esports ETF 2.1 50 -41 3.9 -2.7
HERU-GB Global X Video Games & Esports UCITS ETF 2.1 50 -41 3.4 -3.1
GWX SPDR S&P International Small Cap ETF 2.0 40 -31 5.0 -1.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 1.9 25 -16 2.7 -3.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 -71 8.3 +1.7
IQM Franklin Intelligent Machines ETF 1.7 50 -41 1.7 -4.9
IWFH iShares Virtual Work and Life Multisector ETF 1.7 47 -38 0.5 -6.1
GENY Principal Millennials Index ETF 1.6 45 -36 3.0 -3.6
IDV iShares International Select Dividend ETF 1.6 49 -40 9.2 +2.6
GRES IQ Global Resources ETF 1.6 78 -69 5.6 -1.0
REET iShares Global REIT ETF 1.6 14 -5 5.6 -1.0
BLOK Amplify Transformational Data Sharing ETF 1.6 70 -61 1.3 -5.3
BMED BlackRock Future Health ETF 1.5 85 -76 -0.7 -7.3
FDNI First Trust Dow Jones International Internet ETF 1.5 65 -56 1.8 -4.8
URA Global X Uranium ETF 1.5 69 -60 1.2 -5.4
DINT Davis Select International ETF 1.5 65 -56 5.3 -1.2
AIQ Global X Future Analytics Tech ETF 1.4 68 -59 3.2 -3.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.4 56 -47 7.5 +1.0
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 -36 2.6 -4.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 1.4 70 -61 3.4 -3.2
JOYY Infusive Compounding Global Equities ETF 1.3 50 -41 3.5 -3.1
BATT Amplify Advanced Battery Metals & Materials ETF 1.3 59 -50 2.7 -3.9
AGNG Global X Aging Population ETF 1.2 50 -41 3.2 -3.3
FPXI First Trust International Equity Opportunities ETF 1.2 70 -61 2.3 -4.3
IDNA iShares Genomics Immunology & Healthcare ETF 1.1 47 -38 -2.8 -9.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 -37 5.5 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 -30 6.7 +0.1
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 -61 4.7 -1.9
FLM First Trust Global Engineering and Construction ETF 1.0 70 -61 7.4 +0.9
GQRE FlexShares Global Quality Real Estate Index Fund 0.9 45 -36 5.7 -0.9
BUYZ Franklin Disruptive Commerce ETF 0.8 50 -41 -0.1 -6.7
BFIT Global X Health & Wellness ETF 0.8 50 -41 3.9 -2.7
PZD Invesco Cleantech ETF 0.8 65 -56 3.6 -3.0
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 0.7 68 -59 0.9 -5.7
EDOC Global X Telemedicine & Digital Health ETF 0.7 68 -59 0.8 -5.7
JXI iShares Global Utilities ETF 0.7 46 -37 5.3 -1.3
GNR SPDR S&P Global Natural Resources ETF 0.7 40 -31 5.7 -0.8
VEGI iShares MSCI Global Agriculture Producers ETF 0.7 39 -30 4.2 -2.4
MOO VanEck Vectors Agribusiness ETF 0.7 56 -47 4.0 -2.6
HART IQ Healthy Hearts ETF 0.6 45 -36 4.7 -1.9
LIT Global X Lithium & Battery Tech ETF 0.6 75 -66 2.3 -4.3
GDVD Principal Active Global Dividend Income ETF 0.6 58 -49 0.0 -6.6
ARKX ARK Space Exploration & Innovation ETF 0.6 75 -66 3.0 -3.6
FILL iShares MSCI Global Energy Producers ETF 0.6 39 -30 5.7 -0.8
OGIG O'Shares Global Internet Giants ETF 0.6 48 -39 1.0 -5.6
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.6 40 -31 7.1 +0.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.5 68 -59 1.1 -5.5
FDVV Fidelity Core Dividend ETF 0.5 29 -20 6.1 -0.5
MJ ETFMG Alternative Harvest ETF 0.5 75 -66 -2.5 -9.1
HJEN Direxion Hydrogen ETF 0.5 45 -36 -0.2 -6.7
CRAK VanEck Vectors Oil Refiners ETF 0.4 60 -51 7.1 +0.5
MRAD SmartETFs Advertising & Marketing Technology ETF 0.4 68 -59 1.2 -5.4
XBUY Amplify International Online Retail ETF 0.4 69 -60 1.1 -5.5
IXC iShares Global Energy ETF 0.4 46 -37 5.3 -1.3
PIO Invesco Global Water ETF 0.4 75 -66 3.5 -3.1
SOCL Global X Social Media ETF 0.4 65 -56 1.9 -4.7
KOIN Innovation Shares NextGen Protocol ETF 0.4 95 -86 3.6 -3.0
BTEK BlackRock Future Tech ETF 0.4 88 -79 -0.2 -6.8
FDRR Fidelity Dividend ETF for Rising Rates 0.4 29 -20 6.2 -0.4
NLR VanEck Vectors Uranium+Nuclear Energy ETF 0.4 61 -52 7.0 +0.4
VIDI Vident International Equity Fund 0.4 59 -50 8.8 +2.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 47 -38 4.6 -2.0
IBUY Amplify Online Retail ETF 0.3 65 -56 -0.3 -6.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -76 3.4 -3.2
ARKF ARK Fintech Innovation ETF 0.3 75 -66 0.5 -6.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.3 60 -51 1.6 -5.0
WOOD iShares Global Timber & Forestry ETF 0.2 46 -37 7.0 +0.4
EBLU Ecofin Global Water ESG Fund 0.2 40 -31 3.6 -3.0
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 0.2 52 -43 4.7 -1.8
CUT Invesco MSCI Global Timber ETF 0.2 61 -52 6.6 0.0
EBIZ Global X E-Commerce ETF 0.2 50 -41 3.1 -3.5
GIGE SoFi Gig Economy ETF 0.2 59 -50 -0.4 -7.0
FAN First Trust Global Wind Energy ETF 0.2 62 -53 3.7 -2.9
TPAY Tortoise Digital Payments Infrastructure Fund 0.2 40 -31 4.1 -2.4
JETS US Global Jets ETF 0.2 60 -51 -2.1 -8.7
SNSR Global X Internet of Things Thematic ETF 0.2 68 -59 3.7 -2.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -61 9.0 +2.4
SUBZ Roundhill Streaming Services & Technology ETF 0.2 75 -66 -1.3 -7.8
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -59 2.0 -4.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 -31 4.2 -2.4
IGF iShares Global Infrastructure ETF 0.1 46 -37 4.1 -2.5
IHAK iShares Cybersecurity & Tech ETF 0.1 47 -38 3.2 -3.3
HACK ETFMG Prime Cyber Security ETF 0.1 60 -51 3.1 -3.5
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.1 60 -51 3.0 -3.6
XDAT Franklin Exponential Data ETF 0.1 50 -41 1.6 -5.0
BUG Global X Cybersecurity ETF 0.1 50 -41 1.3 -5.3
WCBR WisdomTree Cybersecurity Fund 0.1 45 -36 1.0 -5.6
IPAY ETFMG Prime Mobile Payments ETF 0.1 75 -66 4.6 -2.0
AQWA Global X Clean Water ETF 0.1 50 -41 3.6 -3.0
CGW Invesco S&P Global Water Index ETF 0.1 57 -48 3.6 -3.0
PRNT The 3D Printing ETF 0.1 66 -57 1.3 -5.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.1 70 -61 3.4 -3.2
PBD Invesco Global Clean Energy ETF 0.1 75 -66 0.4 -6.2
BJK VanEck Vectors Gaming ETF 0.0 65 -56 1.8 -4.8
EDUT Global X Education ETF 0.0 50 -41 2.0 -4.6
BLDG Cambria Global Real Estate ETF 0.0 59 -50 7.0 +0.4
OLD The Long-Term Care ETF 0.0 30 -21 5.0 -1.6
GLIF AGFiQ Global Infrastructure ETF 0.0 45 -36 4.2 -2.4
VNM VanEck Vectors Vietnam ETF 0.0 66 -57 4.9 -1.6
UFO Procure Space ETF 0.0 75 -66 3.3 -3.3
GNOM Global X Genomics & Biotechnology ETF 0.0 50 -41 -2.5 -9.1
RNRG Global X Renewable Energy Producers ETF 0.0 65 -56 2.4 -4.2
TAN Invesco Solar ETF 0.0 69 -60 0.3 -6.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 11 -2 5.3 -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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Japan Hedged 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 8.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.54
 
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.