VanEck Gold Miners ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 20.0x P/Sales
ratio		 2.7x
P/BV
ratio		 1.7x Div.
yield		 2.0%


  • 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) $14,580
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 60
Wgt avg mkt cap (mns) $16,012
Large cap (>$10bn) 56.1%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 16.8%
Developed mkts 84.5%
Emerging mkts 15.5%

TOP TEN HOLDINGS
NEWMONT MINING CORP 11.6 %
AGNICO-EAGLE MINES LTD 8.1 %
BARRICK GOLD CORPORATION 7.7 %
WHEATON PRECIOUS METALS CORP 6.1 %
FRANCO-NEVADA CORP 6.0 %
GOLD FIELDS LTD-SPONS ADR 5.1 %
ZIJIN MINING GROUP CO LTD-H 4.7 %
NORTHERN STAR RESOURCES LTD 4.1 %
ANGLOGOLD ASHANTI PLC 4.1 %
KINROSS GOLD CORP 3.3 %
Total 60.8 %

TOP COUNTRY EXPOSURE
CANADA 49.3 %
UNITED STATES 16.8 %
AUSTRALIA 11.3 %
SOUTH AFRICA 7.7 %
CHINA 6.5 %
BRITAIN 2.9 %
PERU 1.6 %




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.
-15.0% -17.2% 4.6% 2.0% -1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.77 18%
MSCI EAFE 1.09 33%
MSCI Emg. Mkts. 0.95 27%

Technical Indicators
Recent close $34.33
30d moving avg. $29.51
Annualized volatility 32.6%
Short interest (ETF) 5.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 29,609
Turnover 7.0%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $2,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 390 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™: 4.7%


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 37.0 52 -1 4.8 +0.2
RING iShares MSCI Global Gold Miners ETF 22.8 39 12 5.7 +1.1
SGDM Sprott Gold Miners ETF 20.5 50 1 5.9 +1.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 17.5 60 -9 6.2 +1.5
FTRI First Trust Indxx Global Natural Resources Income ETF 16.9 70 -19 10.6 +6.0
SIL Global X Silver Miners ETF 13.5 65 -14 2.6 -2.1
GOEX Global X Gold Explorers ETF 11.6 65 -14 4.9 +0.3
SLVP iShares MSCI Global Silver Miners ETF 10.5 39 12 3.8 -0.8
XME SPDR S&P Metals & Mining ETF 10.2 35 16 7.2 +2.6
SGDJ Sprott Junior Gold Miners ETF 9.0 50 1 5.2 +0.6
CVAR Cultivar ETF 8.0 87 -36 6.9 +2.3
IGE iShares North American Natural Resources ETF 7.5 41 10 6.4 +1.7
AFK VanEck Africa Index ETF 7.5 98 -47 10.0 +5.4
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 6.4 69 -18 1.3 -3.4
HAP VanEck Natural Resources ETF 6.3 50 1 9.5 +4.8
ROYA Tema Global Royalties ETF 6.2 75 -24 4.6 -0.1
IYM iShares U.S. Basic Materials ETF 6.2 40 11 6.7 +2.1
NANR SPDR S&P North American Natural Resources ETF 6.0 35 16 6.6 +2.0
COPX Global X Copper Miners ETF 4.7 65 -14 6.9 +2.3
FTWO Strive FAANG 2.0 ETF 4.5 49 2 4.7 +0.1
XLB Materials Select Sector SPDR Fund 4.5 9 42 5.8 +1.1
VAW Vanguard Materials ETF 4.5 10 41 6.5 +1.8
DISV Dimensional International Small Cap Value ETF 4.4 42 9 9.2 +4.6
PID Invesco International Dividend Achievers ETF 4.3 53 -2 6.7 +2.1
RSPM Invesco S&P 500 Equal Weight Materials ETF 4.1 40 11 7.6 +2.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 4.0 85 -34 4.9 +0.2
FCA First Trust China AlphaDEX Fund 3.7 80 -29 17.6 +13.0
FMAT Fidelity MSCI Materials Index ETF 3.6 8 43 6.6 +1.9
FXZ First Trust Materials AlphaDEX Fund 3.1 61 -10 10.2 +5.6
GNR SPDR S&P Global Natural Resources ETF 2.7 40 11 9.2 +4.5
SETM Sprott Energy Transition Materials ETF 2.7 65 -14 5.3 +0.7
MXI iShares Global Materials ETF 2.3 41 10 6.6 +2.0
DFIS Dimensional International Small Cap ETF 2.2 39 12 6.7 +2.1
CBSE Clough Select Equity ETF 2.2 85 -34 -2.3 -6.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.2 85 -34 8.1 +3.4
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 10 7.3 +2.6
AADR AdvisorShares Dorsey Wright ADR ETF 1.9 110 -59 5.4 +0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 5 8.8 +4.2
AVDV Avantis International Small Cap Value ETF 1.8 36 15 8.0 +3.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 11 6.6 +2.0
ION ProShares S&P Global Core Battery Metals ETF 1.8 58 -7 11.6 +7.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.8 80 -29 11.0 +6.4
GWX SPDR S&P International Small Cap ETF 1.7 40 11 6.6 +1.9
FXI iShares China Large-Cap ETF 1.6 74 -23 9.6 +4.9
CGV Conductor Global Equity Value ETF 1.6 130 -79 11.3 +6.7
COPJ Sprott Junior Copper Miners ETF 1.6 75 -24 9.5 +4.8
EPU iShares MSCI Peru and Global Exposure ETF 1.6 59 -8 5.5 +0.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.6 20 31 4.5 -0.1
DFIV Dimensional International Value ETF 1.5 27 24 9.8 +5.2
NDIV Amplify Natural Resources Dividend Income ETF 1.4 59 -8 9.7 +5.0
IVRA Invesco Real Assets ESG ETF 1.4 59 -8 7.1 +2.4
FLCA Franklin FTSE Canada ETF 1.3 9 42 7.2 +2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.3 90 -39 7.0 +2.3
ESMV iShares ESG MSCI USA Min Vol Factor ETF 1.2 18 33 6.3 +1.7
DFIC Dimensional International Core Equity 2 ETF 1.2 23 28 7.4 +2.8
DVY iShares Select Dividend ETF 1.1 38 13 9.1 +4.4
YALL God Bless America ETF 1.1 65 -14 3.6 -1.1
BIBL Inspire 100 ETF 1.0 35 16 4.8 +0.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 1.0 60 -9 5.0 +0.4
EWA iShares MSCI Australia ETF 1.0 50 1 5.3 +0.7
AVES Avantis Emerging Markets Value ETF 1.0 36 15 12.1 +7.4
FLAU Franklin FTSE Australia ETF 1.0 9 42 5.8 +1.2
VRAI Virtus Real Asset Income ETF 1.0 55 -4 8.6 +3.9
DFAI Dimensional International Core Equity Market ETF 0.9 18 33 6.9 +2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.9 49 2 6.7 +2.0
IMCV iShares Morningstar Mid-Cap Value ETF 0.9 6 45 7.9 +3.3
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 29 5.2 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.9 24 27 6.2 +1.6
FRDM Freedom 100 Emerging Markets ETF 0.9 49 2 7.3 +2.7
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -55 8.9 +4.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 0.9 68 -17 8.8 +4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 21 7.8 +3.1
NUDV Nuveen ESG Dividend ETF 0.8 26 25 7.5 +2.9
MCHI iShares MSCI China ETF 0.8 59 -8 8.9 +4.3
USMV iShares MSCI USA Min Vol Factor ETF 0.8 15 36 6.1 +1.4
FM iShares Frontier and Select EM ETF 0.7 80 -29 9.5 +4.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 12 6.9 +2.2
GXC SPDR S&P China ETF 0.7 59 -8 9.0 +4.4
SCHC Schwab International Small-Cap Equity ETF 0.7 11 40 6.4 +1.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.7 40 11 0.0 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 7 11.7 +7.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 0.7 65 -14 3.8 -0.8
FUNL CornerCap Fundametrics Large-Cap ETF 0.7 50 1 7.0 +2.3
EPP iShares MSCI Pacific ex-Japan ETF 0.7 47 4 5.4 +0.7
RSPE Invesco ESG S&P 500 Equal Weight ETF 0.7 20 31 6.4 +1.7
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -24 4.9 +0.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 26 7.0 +2.4
AVEM Avantis Emerging Markets Equity ETF 0.6 33 18 9.1 +4.4
EMM Global X Emerging Markets ex-China ETF 0.6 75 -24 3.7 -1.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.6 15 36 6.4 +1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 7 44 6.5 +1.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 13 8.2 +3.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 6 12.7 +8.1
SDY SPDR S&P Dividend ETF 0.6 35 16 6.3 +1.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 32 5.8 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 31 6.0 +1.3
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.5 49 2 4.8 +0.1
FLCH Franklin FTSE China ETF 0.5 19 32 9.6 +4.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -29 6.5 +1.9
NULV Nuveen ESG Large-Cap Value ETF 0.5 26 25 7.1 +2.5
QINT American Century Quality Diversified International ETF 0.5 39 12 7.4 +2.8
ISMD Inspire Small/Mid Cap ETF 0.5 54 -3 6.1 +1.4
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 16 7.7 +3.1
BUZZ VanEck Social Sentiment ETF 0.5 75 -24 -0.7 -5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 12 7.3 +2.7
DFSV Dimensional US Small Cap Value ETF 0.5 31 20 8.9 +4.2
BKF iShares MSCI BIC ETF 0.5 69 -18 7.1 +2.4
IMCB iShares Morningstar Mid-Cap ETF 0.5 4 47 6.1 +1.5
VBK Vanguard Small-Cap Growth ETF 0.4 7 44 1.5 -3.2
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 28 8.8 +4.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 36 7.4 +2.8
IPAC iShares Core MSCI Pacific ETF 0.4 9 42 6.7 +2.0
VOE Vanguard Mid-Cap Value ETF 0.4 7 44 7.4 +2.8
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -8 6.2 +1.6
CGGR Capital Group Growth ETF 0.4 39 12 3.5 -1.2
AVDE Avantis International Equity ETF 0.4 23 28 7.9 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.4 49 2 6.4 +1.7
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -29 5.1 +0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.4 80 -29 10.0 +5.3
DFLV Dimensional US Large Cap Value ETF 0.4 22 29 7.8 +3.2
VPL Vanguard FTSE Pacific ETF 0.4 8 43 7.0 +2.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.4 12 39 6.8 +2.2
SNPV Xtrackers S&P 500 Value ESG ETF 0.4 15 36 6.8 +2.2
GVLU Gotham 1000 Value ETF 0.4 50 1 7.4 +2.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 34 5.4 +0.8
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 45 8.1 +3.5
IWX iShares Russell Top 200 Value ETF 0.3 20 31 6.5 +1.9
CN Xtrackers MSCI All China Equity ETF 0.3 50 1 8.7 +4.0
IWN iShares Russell 2000 Value ETF 0.3 24 27 5.6 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 21 7.5 +2.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 36 7.1 +2.4
VTWV Vanguard Russell 2000 Value ETF 0.3 15 36 5.8 +1.2
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 44 7.5 +2.8
MDY SPDR S&P Midcap 400 ETF Trust 0.3 23 28 6.8 +2.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.3 10 41 6.9 +2.3
ISCB iShares Morningstar Small-Cap ETF 0.3 4 47 5.3 +0.7
IJH iShares Core S&P Mid-Cap ETF 0.3 5 46 6.9 +2.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 33 8.2 +3.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.3 17 34 5.8 +1.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 36 8.2 +3.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 48 7.0 +2.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.3 15 36 5.8 +1.2
RNMC First Trust Mid Cap US Equity Select ETF 0.3 60 -9 7.9 +3.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.3 39 12 4.5 -0.1
STXV Strive 1000 Value ETF 0.3 18 33 7.8 +3.2
VYM Vanguard High Dividend Yield Index ETF 0.3 6 45 7.3 +2.7
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 23 8.2 +3.6
QUS SPDR MSCI USA StrategicFactors ETF 0.3 15 36 6.0 +1.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -44 1.7 -3.0
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 33 6.7 +2.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.3 75 -24 4.9 +0.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.3 6 45 2.5 -2.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 2 8.3 +3.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 26 6.8 +2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 27 7.1 +2.5
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 36 5.6 +0.9
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 31 10.0 +5.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 2 6.7 +2.0
VONV Vanguard Russell 1000 Value ETF 0.3 8 43 6.7 +2.1
IWD iShares Russell 1000 Value ETF 0.3 19 32 6.6 +1.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 44 5.7 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 10 7.8 +3.2
EEM iShares MSCI Emerging Markets ETF 0.3 69 -18 7.0 +2.3
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 47 6.7 +2.0
VB Vanguard Small-Cap ETF 0.3 5 46 5.4 +0.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 22 7.4 +2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -19 6.3 +1.6
DIVB iShares Core Dividend ETF 0.2 5 46 8.0 +3.4
IUSV iShares Core S&P US Value ETF 0.2 4 47 6.8 +2.2
RSP Invesco S&P 500 Equal Weight ETF 0.2 20 31 6.2 +1.6
IVE iShares S&P 500 Value ETF 0.2 18 33 6.6 +1.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 47 6.7 +2.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 40 7.6 +2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 1 10.5 +5.9
VO Vanguard Mid-Cap ETF 0.2 4 47 5.8 +1.2
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 22 7.2 +2.5
SHE SPDR MSCI USA Gender Diversity ETF 0.2 20 31 5.0 +0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 9 6.8 +2.2
AVSC Avantis U.S Small Cap Equity ETF 0.2 25 26 5.4 +0.8
HLAL Wahed FTSE USA Shariah ETF 0.2 50 1 5.0 +0.3
FBCV Fidelity Blue Chip Value ETF 0.2 59 -8 7.1 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 42 7.5 +2.9
IGRO iShares International Dividend Growth ETF 0.2 15 36 7.1 +2.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 47 6.1 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 31 6.7 +2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 21 8.5 +3.9
RVRB Reverb ETF 0.2 30 21 5.0 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 36 7.9 +3.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 2 12.4 +7.7
FVAL Fidelity Value Factor ETF 0.2 15 36 7.5 +2.8
ILCV iShares Morningstar Value ETF 0.2 4 47 6.7 +2.0
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 47 6.3 +1.7
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 41 5.1 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 47 6.7 +2.1
IWM iShares Russell 2000 ETF 0.2 19 32 3.6 -1.1
DFAS Dimensional U.S. Small Cap ETF 0.2 26 25 6.0 +1.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 44 6.9 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -15 7.2 +2.5
SSPY Syntax Stratified LargeCap ETF 0.2 30 21 6.5 +1.8
DSI iShares MSCI KLD 400 Social ETF 0.2 25 26 5.1 +0.5
VTWO Vanguard Russell 2000 ETF 0.2 10 41 3.9 -0.8
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 42 6.1 +1.5
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 43 7.6 +2.9
VXF Vanguard Extended Market ETF 0.2 6 45 3.9 -0.7
GDEF Goldman Sachs Defensive Equity ETF 0.2 55 -4 4.4 -0.3
BLES Inspire Global Hope ETF 0.2 61 -10 6.3 +1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 42 6.0 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 12 7.3 +2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 6 4.7 +0.1
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 36 7.6 +3.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 12 12.5 +7.9
STXK Strive Small-Cap ETF 0.2 18 33 5.5 +0.9
SUSA iShares MSCI USA ESG Select ETF 0.2 25 26 5.4 +0.7
VXUS Vanguard Total International Stock ETF 0.2 7 44 7.1 +2.5
WOMN Impact Shares YWCA Women's Empowerment ETF 0.2 75 -24 4.9 +0.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 26 7.1 +2.5
NULC Nuveen ESG Large-Cap ETF 0.2 21 30 5.5 +0.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 21 6.8 +2.2
IEFA iShares Core MSCI EAFE ETF 0.2 7 44 2.7 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 32 7.2 +2.5
VTV Vanguard Value ETF 0.2 4 47 7.0 +2.4
VOOV Vanguard S&P 500 Value ETF 0.2 10 41 5.5 +0.9
FNDX Schwab Fundamental US Large Co. Index ETF 0.2 25 26 7.1 +2.5
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -7 7.7 +3.0
DFUV Dimensional US Marketwide Value ETF 0.2 22 29 7.6 +3.0
DFEV Dimensional Emerging Markets Value ETF 0.2 43 8 10.9 +6.3
SIZE iShares MSCI USA Size Factor ETF 0.2 15 36 6.0 +1.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 18 7.2 +2.5
SMMD iShares Russell 2500 ETF 0.2 15 36 6.0 +1.4
VSGX Vanguard ESG International Stock ETF 0.2 12 39 6.8 +2.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 41 5.2 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 39 7.1 +2.5
DON WisdomTree U.S. MidCap Dividend Fund 0.2 38 13 8.6 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.2 5 46 7.0 +2.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.2 18 33 7.6 +2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 42 5.7 +1.1
ESGU iShares ESG Aware MSCI USA ETF 0.1 15 36 5.2 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 15 7.5 +2.8
ESGN Columbia International ESG Equity Income ETF 0.1 45 6 9.0 +4.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 42 5.1 +0.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 40 7.7 +3.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 34 5.7 +1.0
APIE ActivePassive International Equity ETF 0.1 45 6 7.7 +3.1
SCHA Schwab U.S. Small-Cap ETF 0.1 4 47 4.9 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -24 4.7 +0.1
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 9 0.0 -4.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 36 5.8 +1.1
EFG iShares MSCI EAFE Growth ETF 0.1 36 15 4.1 -0.6
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 21 6.6 +1.9
DFAU Dimensional US Core Equity Market ETF 0.1 12 39 5.4 +0.7
SMDY Syntax Stratified MidCap ETF 0.1 35 16 6.3 +1.7
FQAL Fidelity Quality Factor ETF 0.1 15 36 5.9 +1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 39 5.4 +0.8
NACP Impact Shares NAACP Minority Empowerment ETF 0.1 49 2 5.0 +0.3
IUS Invesco RAFI Strategic US ETF 0.1 19 32 7.3 +2.6
IWL iShares Russell Top 200 ETF 0.1 15 36 5.0 +0.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 19 5.2 +0.5
NUSC Nuveen ESG Small-Cap ETF 0.1 31 20 5.2 +0.5
DIHP Dimensional International High Profitability ETF 0.1 29 22 6.9 +2.3
SFYX SoFi Next 500 ETF 0.1 0 51 5.6 +0.9
IWV iShares Russell 3000 ETF 0.1 20 31 5.0 +0.4
AVUS Avantis U.S. Equity ETF 0.1 15 36 6.0 +1.4
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -7 8.8 +4.1
JHMD John Hancock Multifactor Developed International ETF 0.1 39 12 7.4 +2.7
VTHR Vanguard Russell 3000 ETF 0.1 10 41 5.1 +0.4
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 33 5.7 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 42 5.7 +1.0
DFUS Dimensional U.S. Equity ETF 0.1 9 42 5.1 +0.5
IWS iShares Russell Mid-Cap Value ETF 0.1 23 28 6.6 +2.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 48 5.1 +0.5
SCHB Schwab U.S. Broad Market ETF 0.1 3 48 5.2 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 48 6.9 +2.3
SCHX Schwab U.S. Large-Cap ETF 0.1 3 48 5.3 +0.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 31 6.3 +1.7
VONE Vanguard Russell 1000 ETF 0.1 8 43 5.2 +0.6
IWB iShares Russell 1000 ETF 0.1 15 36 5.1 +0.5
EZM WisdomTree U.S. MidCap Fund 0.1 38 13 8.1 +3.5
XVV iShares ESG Screened S&P 500 ETF 0.1 8 43 5.1 +0.5
VT Vanguard Total World Stock ETF 0.1 7 44 5.8 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 36 7.1 +2.4
SNPE Xtrackers S&P 500 ESG ETF 0.1 10 41 5.3 +0.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.1 3 48 5.4 +0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 47 5.7 +1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 37 6.2 +1.5
SCHK Schwab 1000 Index ETF 0.1 5 46 5.3 +0.6
ACWI iShares MSCI ACWI ETF 0.1 32 19 5.5 +0.8
IYY iShares Dow Jones U.S. ETF 0.1 20 31 5.1 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 43 7.2 +2.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 22 5.1 +0.5
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 44 5.2 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 17 6.7 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 31 5.1 +0.4
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 49 5.3 +0.6
SPY SPDR S&P 500 ETF Trust 0.1 9 42 5.2 +0.6
IVV iShares Core S&P 500 ETF 0.1 3 48 5.3 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 31 5.1 +0.4
NZUS SPDR MSCI USA Climate Paris Aligned ETF 0.1 10 41 4.9 +0.2
STRV Strive 500 ETF 0.1 5 46 5.2 +0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 9 5.1 +0.5
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 40 5.2 +0.5
ROUS Hartford Multifactor US Equity ETF 0.1 19 32 6.4 +1.8
VBR Vanguard Small Cap Value ETF 0.1 7 44 8.2 +3.5
DES WisdomTree U.S. SmallCap Dividend Fund 0.1 38 13 8.1 +3.5
PBUS Invesco MSCI USA ETF 0.1 4 47 5.3 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 6 8.6 +3.9
MGV Vanguard Mega Cap Value ETF 0.1 7 44 6.8 +2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 12 7.6 +3.0
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 42 5.3 +0.6
JHML John Hancock Multifactor Large Cap ETF 0.1 29 22 5.6 +1.0
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 48 5.3 +0.6
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -4 9.1 +4.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 36 4.9 +0.3
TOK iShares MSCI Kokusai ETF 0.1 26 25 5.3 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 42 5.1 +0.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 21 6.8 +2.2
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 9 6.6 +2.0
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 42 5.0 +0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 17 10.6 +6.0
VTI Vanguard Total Stock Market ETF 0.1 3 48 5.1 +0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 39 5.1 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 10 6.7 +2.0
URTH iShares MSCI World ETF 0.1 24 27 5.4 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 42 5.3 +0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 51 5.3 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 44 5.2 +0.6
IWR iShares Russell Midcap ETF 0.1 19 32 5.7 +1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 7 10.3 +5.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 31 8.0 +3.3
RWL Invesco S&P 500 Revenue ETF 0.1 39 12 6.6 +2.0
VOTE TCW Transform 500 ETF 0.1 5 46 5.2 +0.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 26 5.7 +1.0
SCHF Schwab International Equity ETF 0.1 6 45 7.0 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 49 5.3 +0.6
SFY SoFi Select 500 ETF 0.1 0 51 5.2 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 31 6.3 +1.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 31 6.7 +2.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -24 3.8 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 42 5.5 +0.8
VOO Vanguard S&P 500 ETF 0.1 3 48 5.3 +0.7
SQEW LeaderShares Equity Skew ETF 0.1 81 -30 6.1 +1.4
VV Vanguard Large-Cap ETF 0.1 4 47 5.2 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 -8 9.6 +4.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 42 4.0 -0.7
EFA iShares MSCI EAFE ETF 0.1 35 16 6.4 +1.7
VFVA Vanguard U.S. Value Factor ETF 0.1 13 38 10.6 +5.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 27 8.6 +3.9
BKIE BNY Mellon International Equity ETF 0.1 4 47 6.9 +2.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 21 6.1 +1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.1 11 40 5.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 6 8.5 +3.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 26 6.7 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 22 6.3 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 31 7.1 +2.5
ACVF American Conservative Values ETF 0.1 75 -24 4.4 -0.3
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 34 7.1 +2.4
IWO iShares Russell 2000 Growth ETF 0.1 24 27 1.4 -3.2
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 36 1.7 -2.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 15 6.4 +1.7
VIG Vanguard Dividend Appreciation ETF 0.1 6 45 5.8 +1.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 37 5.4 +0.7
STXD Strive 1000 Dividend Growth ETF 0.1 35 16 5.5 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 26 7.4 +2.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.0 24 27 7.8 +3.2
MGC Vanguard Mega Cap ETF 0.0 7 44 5.1 +0.4
RODE Hartford Multifactor Diversified International ETF 0.0 29 22 11.5 +6.9
AVUV Avantis U.S. Small Cap Value ETF 0.0 25 26 10.0 +5.4
PFM Invesco Dividend Achievers ETF 0.0 53 -2 5.7 +1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 31 5.6 +1.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 12 8.7 +4.0
GSPY Gotham Enhanced 500 ETF 0.0 50 1 5.3 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 0.0 12 39 5.7 +1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 30 3.9 -0.8
DGRO iShares Core Dividend Growth ETF 0.0 8 43 6.5 +1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 31 6.7 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 11 7.8 +3.2
DGRW WisdomTree US Quality Dividend Growth Fund 0.0 28 23 6.2 +1.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 23 6.5 +1.9
DWM WisdomTree International Equity Fund 0.0 48 3 7.8 +3.1
STXG Strive 1000 Growth ETF 0.0 18 33 4.2 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 26 9.1 +4.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 42 8.0 +3.4
IEUR iShares Core MSCI Europe ETF 0.0 11 40 -1.3 -6.0
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 47 4.6 -0.0
APUE ActivePassive U.S. Equity ETF 0.0 45 6 5.0 +0.4
VGK Vanguard FTSE Europe ETF 0.0 11 40 6.8 +2.2
SPEU SPDR Portfolio Europe ETF 0.0 7 44 6.6 +1.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 21 6.8 +2.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 39 4.5 -0.2
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 2 6.0 +1.4
VNSE Natixis Vaughan Nelson Select ETF 0.0 80 -29 3.2 -1.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 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 8.7 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 CATEGORY
AVERAGE		 1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.