VanEck Gold Miners ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 16.1x P/Sales
ratio		 2.5x
P/BV
ratio		 2.0x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Amex Gold Miners Index. The Index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold or silver ore.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates
Website www.vaneck.com
Inception date May 16, 2006
Assets (mns) $14,845
Currency USD
Expense ratio 51 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 64
Wgt avg mkt cap (mns) $22,547
Large cap (>$10bn) 68.8%
Mid cap ($2-10bn) 19.6%
Small cap (<$2bn) 11.6%
Developed mkts 87.7%
Emerging mkts 12.3%

TOP TEN HOLDINGS
NEWMONT MINING CORP 12.0 %
AGNICO-EAGLE MINES LTD 11.8 %
WHEATON PRECIOUS METALS CORP 7.6 %
BARRICK GOLD CORPORATION 7.5 %
FRANCO-NEVADA CORP 6.7 %
GOLD FIELDS LTD-SPONS ADR 4.7 %
ANGLOGOLD ASHANTI PLC 4.2 %
KINROSS GOLD CORP 3.7 %
ZIJIN MINING GROUP CO LTD-H 3.4 %
NORTHERN STAR RESOURCES LTD 3.4 %
Total 65.1 %

TOP COUNTRY EXPOSURE
CANADA 53.7 %
UNITED STATES 16.1 %
AUSTRALIA 10.8 %
SOUTH AFRICA 7.2 %
CHINA 4.7 %
BRITAIN 1.4 %
PERU 1.0 %




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.
17.1% 52.5% 10.1% 7.5% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.75 17%
MSCI EAFE 1.10 38%
MSCI Emg. Mkts. 1.12 40%

Technical Indicators
Recent close $45.76
30d moving avg. $42.47
Annualized volatility 31.0%
Short interest (ETF) 9.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 18,078
Turnover 5.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $1,282

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 446 potential alternatives to the VanEck Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with GDX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GDX Expense: 51 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GDX
Ticker Fund
Name		 Overlap1
vs GDX
(%)		 Expense
ratio
(bp)		 Savings
vs GDX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GDX
(%)
GDXJ VanEck Junior Gold Miners ETF 30.6 52 -1 4.9 +0.4
RING iShares MSCI Global Gold Miners ETF 22.2 39 12 5.8 +1.3
FTRI First Trust Indxx Global Natural Resources Income ETF 22.2 70 -19 8.6 +4.1
AUMI Themes Gold Miners ETF 18.5 35 16 5.8 +1.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 18.1 60 -9 4.2 -0.3
SGDM Sprott Gold Miners ETF 16.5 50 1 4.7 +0.1
SIL Global X Silver Miners ETF 14.2 65 -14 3.4 -1.1
CCNR ALPS CoreCommodity Natural Resources ETF 12.4 39 12 11.0 +6.5
GOEX Global X Gold Explorers ETF 10.8 65 -14 4.6 +0.1
XME SPDR S&P Metals & Mining ETF 10.7 35 16 10.3 +5.8
IGE iShares North American Natural Resources ETF 10.2 41 10 7.7 +3.1
SLVP iShares MSCI Global Silver Miners ETF 9.6 39 12 5.8 +1.3
HAP VanEck Natural Resources ETF 9.5 50 1 10.0 +5.5
AFK VanEck Africa Index ETF 8.8 98 -47 12.6 +8.1
AGMI Themes Silver Miners ETF 8.4 35 16 3.1 -1.5
SILJ ETFMG Prime Junior Silver Miners ETF 8.3 69 -18 2.7 -1.8
SGDJ Sprott Junior Gold Miners ETF 8.1 50 1 5.5 +1.0
IYM iShares U.S. Basic Materials ETF 6.7 40 11 6.7 +2.2
ICOP iShares Copper and Metals Mining ETF 6.6 47 4 10.0 +5.4
TIME Clockwise Core Equity & Innovation ETF 6.3 95 -44 8.1 +3.6
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 6.2 60 -9 6.4 +1.9
CVAR Cultivar ETF 6.1 87 -36 6.1 +1.6
NANR SPDR S&P North American Natural Resources ETF 5.5 35 16 8.4 +3.9
XLB Materials Select Sector SPDR Fund 5.4 8 43 6.2 +1.6
FFTY Innovator IBD 50 ETF 5.3 80 -29 -2.5 -7.1
VAW Vanguard Materials ETF 5.3 10 41 6.4 +1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.2 46 5 10.4 +5.9
ABEQ Absolute Select Value ETF 5.1 85 -34 4.9 +0.4
FMAT Fidelity MSCI Materials Index ETF 5.0 8 43 6.5 +1.9
FXZ First Trust Materials AlphaDEX Fund 5.0 61 -10 11.0 +6.4
CBSE Clough Select Equity ETF 4.9 85 -34 1.6 -2.9
FTWO Strive FAANG 2.0 ETF 4.6 49 2 5.1 +0.6
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.4 40 11 7.8 +3.3
INFL Horizon Kinetics Inflation Beneficiaries ETF 4.2 85 -34 3.9 -0.6
DISV Dimensional International Small Cap Value ETF 4.1 42 9 9.7 +5.1
PID Invesco International Dividend Achievers ETF 4.0 53 -2 5.8 +1.2
GNR SPDR S&P Global Natural Resources ETF 3.9 40 11 11.4 +6.9
AIEQ AI Powered Equity ETF 3.6 75 -24 4.1 -0.4
AVDV Avantis International Small Cap Value ETF 3.5 36 15 10.9 +6.4
BBCA JPMorgan BetaBuilders Canada ETF 3.5 19 32 6.9 +2.3
COPX Global X Copper Miners ETF 3.4 65 -14 8.9 +4.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.3 80 -29 9.7 +5.2
FLCA Franklin FTSE Canada ETF 3.2 9 42 7.0 +2.5
MXI iShares Global Materials ETF 2.8 41 10 8.0 +3.5
DFIS Dimensional International Small Cap ETF 2.6 39 12 7.9 +3.3
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.5 60 -9 8.8 +4.2
SMRI Bushido Capital US Equity ETF 2.4 71 -20 9.9 +5.4
SDOG ALPS Sector Dividend Dogs ETF 2.3 36 15 9.3 +4.8
QVAL Alpha Architect US Quantitative Value ETF 2.3 39 12 10.3 +5.7
GWX SPDR S&P International Small Cap ETF 2.2 40 11 6.7 +2.2
IVRA Invesco Real Assets ESG ETF 2.2 59 -8 3.5 -1.0
BEEX BeeHive ETF 2.2 84 -33 4.7 +0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 2.1 75 -24 8.4 +3.9
IVAL Alpha Architect International Quantitative Value ETF 2.1 49 2 10.6 +6.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 2.1 40 11 7.0 +2.5
AADR AdvisorShares Dorsey Wright ADR ETF 2.0 110 -59 5.1 +0.5
RAYD Rayliant Quantitative Developed Market Equity ETF 2.0 80 -29 4.7 +0.2
LIVR Intelligent Livermore ETF 2.0 69 -18 8.2 +3.7
JCHI JPMorgan Active China ETF 1.9 65 -14 16.8 +12.3
VFLO VictoryShares Free Cash Flow ETF 1.9 39 12 10.7 +6.2
MGMT Ballast Small/Mid Cap ETF 1.9 110 -59 8.6 +4.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.9 80 -29 11.8 +7.2
CGV Conductor Global Equity Value ETF 1.9 130 -79 9.2 +4.6
SETM Sprott Energy Transition Materials ETF 1.8 65 -14 4.7 +0.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.7 41 10 6.5 +2.0
DFIC Dimensional International Core Equity 2 ETF 1.7 23 28 7.9 +3.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.6 20 31 5.3 +0.7
DFIV Dimensional International Value ETF 1.6 27 24 10.4 +5.8
WLDR Affinity World Leaders Equity ETF 1.5 67 -16 8.3 +3.8
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 -7 11.2 +6.7
XMHQ Invesco S&P MidCap Quality ETF 1.4 25 26 7.1 +2.6
FIVA Fidelity International Value Factor ETF 1.4 18 33 10.5 +6.0
FLAU Franklin FTSE Australia ETF 1.4 9 42 6.4 +1.8
LST Leuthold Select Industries ETF 1.4 91 -40 6.1 +1.6
BIBL Inspire 100 ETF 1.4 35 16 4.7 +0.1
PPIE Putnam PanAgora ESG International Equity ETF 1.3 49 2 7.8 +3.3
YALL God Bless America ETF 1.3 65 -14 4.3 -0.2
DFSI Dimensional International Sustainability Core 1 ETF 1.2 24 27 6.6 +2.1
FXI iShares China Large-Cap ETF 1.2 74 -23 18.1 +13.6
VOE Vanguard Mid-Cap Value ETF 1.2 7 44 7.2 +2.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 1 5.8 +1.3
DVY iShares Select Dividend ETF 1.2 38 13 9.2 +4.7
SMAP Amplify Small-Mid Cap Equity ETF 1.2 60 -9 1.3 -3.2
EWA iShares MSCI Australia ETF 1.1 50 1 6.1 +1.6
DFAI Dimensional International Core Equity Market ETF 1.1 18 33 7.6 +3.0
PEXL Pacer US Export Leaders ETF 1.1 60 -9 5.4 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 21 8.6 +4.1
COPA Themes Copper Miners ETF 1.1 35 16 9.0 +4.5
AVIV Avantis International Large Cap Value ETF 1.1 25 26 9.3 +4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.0 39 12 8.3 +3.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.0 60 -9 5.3 +0.8
IMCV iShares Morningstar Mid-Cap Value ETF 1.0 6 45 7.9 +3.4
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 11 7.4 +2.9
GVLU Gotham 1000 Value ETF 1.0 50 1 9.1 +4.5
EPU iShares MSCI Peru and Global Exposure ETF 1.0 59 -8 7.7 +3.2
QINT American Century Quality Diversified International ETF 1.0 39 12 7.6 +3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 2 7.3 +2.8
NUDV Nuveen ESG Dividend ETF 1.0 26 25 6.7 +2.1
AVSD Avantis Responsible International Equity ETF 0.9 23 28 6.8 +2.3
FRDM Freedom 100 Emerging Markets ETF 0.9 49 2 9.1 +4.6
SCHC Schwab International Small-Cap Equity ETF 0.9 11 40 7.1 +2.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.9 20 31 6.7 +2.2
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 -4 8.4 +3.9
DSTL Distillate US Fundamental Stability & Value ETF 0.9 39 12 8.3 +3.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.8 49 2 4.7 +0.2
AVDE Avantis International Equity ETF 0.8 23 28 8.0 +3.4
ESMV iShares ESG MSCI USA Min Vol Factor ETF 0.8 18 33 4.9 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 44 7.0 +2.5
QLV FlexShares US Quality Low Volatility Index Fund 0.8 22 29 5.8 +1.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -29 10.0 +5.5
IWN iShares Russell 2000 Value ETF 0.8 24 27 5.8 +1.2
VFVA Vanguard U.S. Value Factor ETF 0.8 13 38 11.7 +7.1
VTWV Vanguard Russell 2000 Value ETF 0.8 15 36 5.9 +1.4
EMM Global X Emerging Markets ex-China ETF 0.8 75 -24 5.0 +0.5
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 7 11.3 +6.8
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 1 7.3 +2.8
EPP iShares MSCI Pacific ex-Japan ETF 0.7 47 4 5.7 +1.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.7 19 32 6.3 +1.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 12 6.3 +1.8
AVEM Avantis Emerging Markets Equity ETF 0.7 33 18 9.7 +5.1
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.7 20 31 7.8 +3.2
VO Vanguard Mid-Cap ETF 0.7 4 47 5.6 +1.1
TPIF Timothy Plan International ETF 0.7 62 -11 6.5 +2.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 6 11.1 +6.5
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.7 15 36 5.9 +1.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 45 2.7 -1.8
AVES Avantis Emerging Markets Value ETF 0.6 36 15 12.2 +7.7
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -24 8.5 +3.9
MCHI iShares MSCI China ETF 0.6 59 -8 17.8 +13.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.6 20 31 6.6 +2.0
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 28 8.6 +4.1
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -29 12.6 +8.1
IPAC iShares Core MSCI Pacific ETF 0.6 9 42 7.1 +2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.6 32 19 6.1 +1.6
WWJD Inspire International ETF 0.6 80 -29 7.6 +3.0
BLES Inspire Global Hope ETF 0.6 61 -10 6.8 +2.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.6 95 -44 0.7 -3.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 13 9.9 +5.4
DIHP Dimensional International High Profitability ETF 0.5 29 22 7.4 +2.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.5 15 36 4.3 -0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 14 5.9 +1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -29 6.0 +1.5
SDY SPDR S&P Dividend ETF 0.5 35 16 6.2 +1.6
FLCH Franklin FTSE China ETF 0.5 19 32 17.2 +12.7
GXC SPDR S&P China ETF 0.5 59 -8 16.7 +12.2
SPMV Invesco S&P 500 Minimum Variance ETF 0.5 10 41 4.9 +0.3
VPL Vanguard FTSE Pacific ETF 0.5 8 43 7.7 +3.1
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 47 6.0 +1.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.5 70 -19 15.8 +11.2
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 16 10.2 +5.6
BKIE BNY Mellon International Equity ETF 0.5 4 47 7.3 +2.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 34 5.7 +1.2
CIL VictoryShares International Volatility Wtd ETF 0.5 45 6 7.0 +2.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.5 60 -9 2.1 -2.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -20 1.1 -3.5
PTL Inspire 500 ETF 0.4 9 42 5.4 +0.9
ISMD Inspire Small/Mid Cap ETF 0.4 54 -3 4.7 +0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.4 29 22 7.4 +2.9
DFLV Dimensional US Large Cap Value ETF 0.4 22 29 8.2 +3.7
FENI Fidelity Enhanced International ETF 0.4 28 23 7.0 +2.5
VBK Vanguard Small-Cap Growth ETF 0.4 7 44 1.7 -2.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 39 7.0 +2.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 33 8.6 +4.1
MDYV SPDR S&P 400 Mid Cap Value ETF 0.4 15 36 8.7 +4.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 15 36 8.7 +4.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 33 7.2 +2.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.4 15 36 7.3 +2.8
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -9 4.7 +0.1
ISCB iShares Morningstar Small-Cap ETF 0.4 4 47 5.6 +1.1
IWM iShares Russell 2000 ETF 0.4 19 32 3.6 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.4 39 12 4.0 -0.5
DFUV Dimensional US Marketwide Value ETF 0.4 22 29 8.1 +3.6
BKF iShares MSCI BIC ETF 0.4 69 -18 13.0 +8.5
RSSL Global X Russell 2000 ETF 0.4 8 43 3.6 -0.9
VTWO Vanguard Russell 2000 ETF 0.4 10 41 3.8 -0.7
MDY SPDR S&P Midcap 400 ETF Trust 0.4 24 27 7.2 +2.7
IJH iShares Core S&P Mid-Cap ETF 0.4 5 46 7.4 +2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 33 8.1 +3.6
RAFE PIMCO RAFI ESG U.S. ETF 0.4 29 22 7.3 +2.8
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 36 5.4 +0.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 48 7.4 +2.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.4 10 41 7.3 +2.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.4 7 44 6.2 +1.7
DON WisdomTree U.S. MidCap Dividend Fund 0.4 38 13 8.3 +3.8
DFAS Dimensional U.S. Small Cap ETF 0.4 26 25 6.9 +2.4
DFAT Dimensional U.S. Targeted Value ETF 0.4 28 23 10.0 +5.5
STXV Strive 1000 Value ETF 0.4 18 33 7.5 +2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 10 7.1 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 2 10.0 +5.5
CCMG CCM Global Equity ETF 0.3 34 17 8.5 +4.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 34 6.0 +1.5
ADME Aptus Drawdown Managed Equity ETF 0.3 79 -28 4.3 -0.2
UIVM VictoryShares International Value Momentum ETF 0.3 35 16 9.5 +4.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 27 7.6 +3.1
FESM Fidelity Enhanced Small Cap ETF 0.3 28 23 3.8 -0.7
DLS WisdomTree International SmallCap Dividend Fund 0.3 58 -7 8.9 +4.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 36 6.0 +1.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.3 15 36 6.0 +1.5
IWX iShares Russell Top 200 Value ETF 0.3 20 31 6.4 +1.9
FYLD Cambria Foreign Shareholder Yield ETF 0.3 59 -8 12.5 +7.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 26 6.6 +2.0
STXM Strive Mid-Cap ETF 0.3 18 33 3.6 -0.9
STXK Strive Small-Cap ETF 0.3 18 33 5.5 +0.9
KALL KraneShares MSCI All China Index ETF 0.3 49 2 15.3 +10.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 47 6.1 +1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 27 6.4 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 12 7.0 +2.4
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 33 6.0 +1.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 26 6.5 +1.9
VYM Vanguard High Dividend Yield Index ETF 0.3 6 45 7.3 +2.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 2 10.5 +6.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.3 75 -24 6.0 +1.5
USMV iShares MSCI USA Min Vol Factor ETF 0.3 15 36 5.5 +1.0
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 36 6.2 +1.7
VIDI Vident International Equity Strategy ETF 0.3 61 -10 12.0 +7.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 47 5.9 +1.4
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.3 65 -14 5.4 +0.8
SSPY Syntax Stratified LargeCap ETF 0.3 30 21 6.6 +2.0
RODE Hartford Multifactor Diversified International ETF 0.3 29 22 9.9 +5.4
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 44 10.9 +6.4
ECON Columbia Emerging Markets Consumer ETF 0.3 49 2 12.9 +8.4
VB Vanguard Small-Cap ETF 0.3 5 46 5.7 +1.2
USXF iShares ESG Advanced MSCI USA ETF 0.3 10 41 4.9 +0.4
NULV Nuveen ESG Large-Cap Value ETF 0.3 26 25 6.2 +1.7
DIM WisdomTree International MidCap Dividend Fund 0.3 58 -7 7.7 +3.2
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 47 6.8 +2.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 14 8.9 +4.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 27 8.3 +3.8
VXF Vanguard Extended Market ETF 0.3 6 45 4.5 -0.0
GSPY Gotham Enhanced 500 ETF 0.3 50 1 5.5 +1.0
IWD iShares Russell 1000 Value ETF 0.3 19 32 6.5 +1.9
VONV Vanguard Russell 1000 Value ETF 0.3 8 43 6.6 +2.1
IGRO iShares International Dividend Growth ETF 0.3 15 36 7.3 +2.8
SFY SoFi Select 500 ETF 0.3 0 51 4.8 +0.3
NUSC Nuveen ESG Small-Cap ETF 0.3 31 20 5.3 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 47 7.4 +2.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 2 10.7 +6.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 44 8.3 +3.8
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -24 5.2 +0.6
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 47 6.7 +2.2
VTV Vanguard Value ETF 0.2 4 47 6.9 +2.4
FVAL Fidelity Value Factor ETF 0.2 15 36 7.3 +2.8
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 36 7.0 +2.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 42 4.0 -0.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.2 12 39 6.5 +2.0
SUSA iShares MSCI USA ESG Select ETF 0.2 25 26 5.0 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 21 10.6 +6.0
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 31 6.3 +1.8
HLAL Wahed FTSE USA Shariah ETF 0.2 50 1 5.2 +0.6
IUSV iShares Core S&P US Value ETF 0.2 4 47 6.5 +2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 10 9.4 +4.8
IVE iShares S&P 500 Value ETF 0.2 18 33 6.2 +1.7
VOOV Vanguard S&P 500 Value ETF 0.2 10 41 6.3 +1.8
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 47 6.4 +1.8
FTA First Trust Large Cap Value AlphaDEX Fund 0.2 59 -8 9.4 +4.9
APIE ActivePassive International Equity ETF 0.2 45 6 7.7 +3.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -19 9.8 +5.3
ILCV iShares Morningstar Value ETF 0.2 4 47 6.7 +2.1
EEM iShares MSCI Emerging Markets ETF 0.2 69 -18 10.7 +6.2
RVRB Reverb ETF 0.2 30 21 3.7 -0.8
SCHA Schwab U.S. Small-Cap ETF 0.2 4 47 5.3 +0.8
DFSV Dimensional US Small Cap Value ETF 0.2 31 20 10.9 +6.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 42 6.1 +1.6
NULC Nuveen ESG Large-Cap ETF 0.2 21 30 5.0 +0.5
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 12 7.0 +2.4
SIZE iShares MSCI USA Size Factor ETF 0.2 15 36 5.8 +1.3
DCOR Dimensional US Core Equity 1 ETF 0.2 14 37 5.8 +1.3
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 41 5.3 +0.8
DSI iShares MSCI KLD 400 Social ETF 0.2 25 26 5.2 +0.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 44 7.4 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 42 6.1 +1.5
SCHE Schwab Emerging Markets Equity ETF 0.2 11 40 11.6 +7.0
SFYX SoFi Next 500 ETF 0.2 0 51 3.6 -1.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.2 9 42 5.0 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 41 5.3 +0.8
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 13 8.7 +4.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 34 6.0 +1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 42 5.5 +0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -15 10.2 +5.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 32 10.8 +6.3
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 31 5.2 +0.7
VSGX Vanguard ESG International Stock ETF 0.2 12 39 8.2 +3.6
VXUS Vanguard Total International Stock ETF 0.2 7 44 8.3 +3.8
VEA Vanguard FTSE Developed Markets ETF 0.2 5 46 7.6 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 22 6.4 +1.9
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 42 10.9 +6.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 31 7.4 +2.9
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 42 6.0 +1.4
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 43 10.9 +6.4
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 33 6.8 +2.3
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 -8 4.4 -0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 18 10.6 +6.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 36 6.0 +1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 6 4.9 +0.4
VBR Vanguard Small Cap Value ETF 0.2 7 44 8.5 +4.0
DFAU Dimensional US Core Equity Market ETF 0.2 12 39 5.5 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.2 49 2 4.9 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 2 16.7 +12.1
SMMD iShares Russell 2500 ETF 0.2 15 36 6.2 +1.7
AVSU Avantis Responsible U.S. Equity ETF 0.2 15 36 6.4 +1.9
FQAL Fidelity Quality Factor ETF 0.2 15 36 5.9 +1.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 40 11.8 +7.3
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 36 5.1 +0.6
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 39 7.2 +2.6
KLMN Invesco MSCI North America Climate ETF 0.2 9 42 5.3 +0.7
DIVB iShares Core Dividend ETF 0.2 5 46 7.7 +3.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 31 5.9 +1.3
EES WisdomTree U.S. SmallCap Fund 0.2 38 13 9.1 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 15 11.2 +6.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 36 10.8 +6.2
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.2 32 19 5.2 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 1 11.6 +7.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.2 12 39 5.8 +1.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 42 5.0 +0.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 26 7.3 +2.7
DFVX Dimensional US Large Cap Vector ETF 0.2 22 29 6.6 +2.0
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.2 8 43 5.3 +0.7
DFSU Dimensional US Sustainability Core 1 ETF 0.2 18 33 5.8 +1.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 15 4.5 -0.0
IUS Invesco RAFI Strategic US ETF 0.2 19 32 7.1 +2.5
SNPE Xtrackers S&P 500 ESG ETF 0.2 10 41 5.4 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 0.2 9 42 5.6 +1.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.2 35 16 4.6 +0.1
FDEV Fidelity International Multifactor ETF 0.2 18 33 7.7 +3.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 36 8.6 +4.1
JHMD John Hancock Multifactor Developed International ETF 0.2 39 12 7.8 +3.3
EZM WisdomTree U.S. MidCap Fund 0.2 38 13 9.3 +4.8
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 36 5.8 +1.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 -10 5.9 +1.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 26 7.4 +2.9
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 45 8.4 +3.9
VT Vanguard Total World Stock ETF 0.1 7 44 6.3 +1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 22 8.2 +3.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 26 7.5 +3.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 31 5.3 +0.8
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 44 5.2 +0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 12 16.9 +12.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 37 6.0 +1.5
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 34 6.9 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 9 6.5 +1.9
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 21 8.2 +3.7
IWV iShares Russell 3000 ETF 0.1 20 31 5.0 +0.5
VTHR Vanguard Russell 3000 ETF 0.1 10 41 5.2 +0.6
IWL iShares Russell Top 200 ETF 0.1 15 36 5.1 +0.5
SCHB Schwab U.S. Broad Market ETF 0.1 3 48 5.3 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.2 +0.7
AVUS Avantis U.S. Equity ETF 0.1 15 36 6.3 +1.8
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.3 +0.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 39 6.2 +1.6
VTI Vanguard Total Stock Market ETF 0.1 3 48 5.2 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 21 9.3 +4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 43 8.5 +3.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 48 7.5 +3.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 48 5.3 +0.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.5 +0.9
IWB iShares Russell 1000 ETF 0.1 15 36 5.2 +0.7
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 5.1 +0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 31 6.8 +2.2
IWS iShares Russell Mid-Cap Value ETF 0.1 23 28 6.5 +2.0
IYY iShares Dow Jones U.S. ETF 0.1 20 31 5.1 +0.6
VONE Vanguard Russell 1000 ETF 0.1 8 43 5.3 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.0 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 5.1 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 38 3.4 -1.2
SCHK Schwab 1000 Index ETF 0.1 5 46 5.3 +0.8
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 5.6 +1.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 21 5.6 +1.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 8 14.5 +9.9
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 41 6.1 +1.5
ACWI iShares MSCI ACWI ETF 0.1 32 19 6.0 +1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 -16 10.1 +5.6
FEX First Trust Large Cap Core AlphaDEX Fund 0.1 59 -8 6.5 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 31 5.0 +0.5
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 41 3.3 -1.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 12 7.0 +2.5
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 4.7 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 4.4 -0.1
IVV iShares Core S&P 500 ETF 0.1 3 48 5.3 +0.8
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 49 5.3 +0.8
SPY SPDR S&P 500 ETF Trust 0.1 9 42 5.2 +0.7
VOO Vanguard S&P 500 ETF 0.1 3 48 5.3 +0.8
VV Vanguard Large-Cap ETF 0.1 4 47 5.2 +0.7
DWMF WisdomTree International Multifactor Fund 0.1 38 13 6.9 +2.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 36 5.7 +1.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.2 +0.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 26 5.9 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 31 7.1 +2.6
PBUS Invesco MSCI USA ETF 0.1 4 47 5.2 +0.7
STRV Strive 500 ETF 0.1 5 46 5.2 +0.6
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 48 5.2 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 17 8.1 +3.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 31 7.1 +2.6
TOK iShares MSCI Kokusai ETF 0.1 26 25 5.2 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.3 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 51 5.3 +0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 44 5.2 +0.7
VOTE TCW Transform 500 ETF 0.1 5 46 5.2 +0.7
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 33 5.6 +1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 39 5.1 +0.6
URTH iShares MSCI World ETF 0.1 24 27 5.5 +1.0
SCHF Schwab International Equity ETF 0.1 6 45 7.7 +3.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 60 -9 8.2 +3.7
DWM WisdomTree International Equity Fund 0.1 48 3 7.7 +3.2
IWR iShares Russell Midcap ETF 0.1 19 32 5.8 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 13.7 +9.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 39 4.5 -0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 31 6.0 +1.5
AFMC First Trust Active Factor Mid Cap ETF 0.1 65 -14 8.2 +3.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -13 2.4 -2.1
APUE ActivePassive U.S. Equity ETF 0.1 45 6 4.9 +0.4
ACVF American Conservative Values ETF 0.1 75 -24 4.5 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 11 7.5 +3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 6 9.3 +4.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 31 6.6 +2.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 36 4.3 -0.3
EFA iShares MSCI EAFE ETF 0.1 35 16 7.0 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 15 6.9 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 31 7.4 +2.9
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 27 7.4 +2.9
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 16 5.3 +0.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 27 7.6 +3.1
IQSI IQ Candriam International Equity ETF 0.1 15 36 6.7 +2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 31 5.5 +1.0
STXD Strive 1000 Dividend Growth ETF 0.1 35 16 5.0 +0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 36 0.0 -4.5
DGRW WisdomTree US Quality Dividend Growth Fund 0.1 28 23 5.7 +1.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.2 +0.7
VYMI Vanguard International High Dividend Yield ETF 0.1 22 29 10.0 +5.5
VIG Vanguard Dividend Appreciation ETF 0.1 6 45 6.0 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 21 5.9 +1.4
PFM Invesco Dividend Achievers ETF 0.0 53 -2 5.3 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 26 8.0 +3.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -14 5.0 +0.4
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 23 6.2 +1.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 9 5.4 +0.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 30 4.3 -0.3
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 28 5.8 +1.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.0 35 16 21.6 +17.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 12 10.2 +5.6
STXG Strive 1000 Growth ETF 0.0 18 33 4.2 -0.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 42 8.2 +3.7
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 9 4.1 -0.4
DGRO iShares Core Dividend Growth ETF 0.0 8 43 6.6 +2.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 10.1 +5.6
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.7 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 21 7.3 +2.7

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:		 VanEck Gold Miners 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 9.8 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 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.