Goldman Sachs ActiveBeta Japan Equity ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Goldman Sachs ActiveBeta Japan Equity ETF tracks an index of Japanese large- and midcap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score.

FUND BASICS
Category International Equities
Fund Sponsor Goldman Sachs
Website assetmanagement.gs.com
Inception date Mar 02, 2016
Assets (mns) $38
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 177
Wgt avg mkt cap (mns) $42,883
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 27.6%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.1 %
MITSUBISHI UFJ FINANCIAL GRO 3.6 %
SONY CORP 3.1 %
HITACHI LTD 3.0 %
RECRUIT HOLDINGS CO LTD 2.3 %
SUMITOMO MITSUI FINANCIAL GR 2.3 %
MIZUHO FINANCIAL GROUP INC 1.9 %
TOKIO MARINE HOLDINGS INC 1.9 %
MITSUBISHI CORP 1.6 %
TOKYO ELECTRON LTD 1.5 %
Total 25.3 %

TOP COUNTRY EXPOSURE
JAPAN 98.2 %










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.
1.9% 2.2% 7.1% -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.79 74%
MSCI EAFE 0.82 81%
MSCI Emg. Mkts. 0.70 60%

Technical Indicators
Recent close $38.25
30d moving avg. $39.19
Annualized volatility 15.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $18,638

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 326 potential alternatives to the Goldman Sachs ActiveBeta Japan Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSJY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GSJY Expense: 25 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSJY
Ticker Fund
Name		 Overlap1
vs GSJY
(%)		 Expense
ratio
(bp)		 Savings
vs GSJY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GSJY
(%)
EWJ iShares MSCI Japan ETF 80.4 50 -25 7.1 -0.3
BBJP JPMorgan BetaBuilders Japan ETF 79.3 19 6 7.6 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 79.1 47 -22 7.1 -0.3
FLJP Franklin FTSE Japan ETF 72.6 9 16 7.0 -0.4
FLJH Franklin FTSE Japan Hedged ETF 71.7 9 16 6.7 -0.7
JPXN iShares JPX-Nikkei 400 ETF 68.4 48 -23 7.5 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 54.6 48 -23 8.4 +1.0
IPAC iShares Core MSCI Pacific ETF 51.2 9 16 7.1 -0.3
EWJV iShares MSCI Japan Value ETF 51.1 15 10 9.8 +2.4
VPL Vanguard FTSE Pacific ETF 45.6 8 17 7.7 +0.2
FJP First Trust Japan AlphaDEX Fund 39.5 80 -55 10.3 +2.9
INEQ Columbia International Equity Income ETF 31.1 45 -20 8.7 +1.3
IVLU iShares MSCI Intl Value Factor ETF 25.8 30 -5 11.1 +3.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 24.4 35 -10 5.9 -1.6
PATN Pacer Nasdaq International Patent Leaders ETF 23.7 65 -40 4.0 -3.4
IDMO Invesco S&P International Developed Momentum ETF 23.6 25 0 5.7 -1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.4 14 11 6.0 -1.4
IQSI IQ Candriam International Equity ETF 23.4 15 10 6.7 -0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 22.4 12 13 5.8 -1.7
EFV iShares MSCI EAFE Value ETF 21.6 34 -9 9.4 +2.0
HFXI IQ FTSE International Equity Currency Neutral ETF 21.5 20 5 7.4 -0.0
EFA iShares MSCI EAFE ETF 21.4 35 -10 7.0 -0.4
ESGD iShares ESG Aware MSCI EAFE ETF 21.3 20 5 7.1 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.2 20 5 6.6 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 21.1 20 5 7.1 -0.3
JHMD John Hancock Multifactor Developed International ETF 21.0 39 -14 7.8 +0.4
VIGI Vanguard International Dividend Appreciation ETF 20.9 15 10 6.2 -1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.7 36 -11 6.9 -0.5
EFG iShares MSCI EAFE Growth ETF 20.5 36 -11 4.5 -2.9
FNDF Schwab Fundamental International Large Co. Index ETF 20.4 25 0 10.1 +2.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 20.2 30 -5 7.3 -0.1
FENI Fidelity Enhanced International ETF 19.8 28 -3 7.0 -0.4
JIRE JPMorgan International Research Enhanced Equity ETF 19.7 24 1 7.4 -0.0
BKIE BNY Mellon International Equity ETF 18.9 4 21 7.3 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.7 25 0 7.5 +0.1
IMTM iShares MSCI Intl Momentum Factor ETF 18.6 30 -5 5.6 -1.8
IEFA iShares Core MSCI EAFE ETF 18.4 7 18 7.4 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.3 45 -20 9.3 +1.9
DIVI Franklin International Core Dividend Tilt Index ETF 18.0 9 16 8.2 +0.8
STXI Strive International Developed Markets ETF 17.9 29 -4 5.9 -1.5
SCHF Schwab International Equity ETF 17.6 6 19 7.7 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 17.5 3 22 7.5 +0.1
DIHP Dimensional International High Profitability ETF 17.3 29 -4 7.4 -0.0
FIVA Fidelity International Value Factor ETF 17.0 18 7 10.5 +3.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.9 12 13 6.2 -1.2
IGRO iShares International Dividend Growth ETF 16.8 15 10 7.3 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 16.6 4 21 7.4 -0.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 16.5 22 3 5.8 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 16.4 80 -55 10.0 +2.6
INTF iShares International Equity Factor ETF 16.1 15 10 8.1 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 16.0 83 -58 10.0 +2.6
VEA Vanguard FTSE Developed Markets ETF 16.0 5 20 7.6 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.8 39 -14 7.0 -0.5
QINT American Century Quality Diversified International ETF 15.6 39 -14 7.6 +0.2
DFAI Dimensional International Core Equity Market ETF 15.5 18 7 7.6 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 15.4 20 5 6.7 -0.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 15.4 65 -40 4.1 -3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 15.2 31 -6 6.6 -0.8
DFIV Dimensional International Value ETF 15.0 27 -2 10.4 +3.0
JPIN J.P. Morgan Diversified Return International Equity ETF 14.7 37 -12 8.9 +1.5
DOL WisdomTree International LargeCap Dividend Fund 14.4 48 -23 7.5 +0.1
CIL VictoryShares International Volatility Wtd ETF 14.1 45 -20 7.0 -0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 13.7 24 1 6.4 -1.0
CWI SPDR MSCI ACWI ex-US ETF 13.6 30 -5 8.2 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 13.5 34 -9 8.1 +0.7
VWID Virtus WMC International Dividend ETF 13.4 49 -24 8.8 +1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.4 18 7 8.1 +0.7
TPIF Timothy Plan International ETF 13.2 62 -37 6.5 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 12.9 8 17 8.5 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.9 41 -16 7.1 -0.3
VSGX Vanguard ESG International Stock ETF 12.7 12 13 8.2 +0.8
PPIE Putnam PanAgora ESG International Equity ETF 12.5 49 -24 7.8 +0.4
RXI iShares Global Consumer Discretionary ETF 12.5 41 -16 9.2 +1.8
DWM WisdomTree International Equity Fund 12.5 48 -23 7.7 +0.3
JHID John Hancock International High Dividend ETF 12.4 46 -21 10.3 +2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.4 40 -15 7.5 +0.1
IQLT iShares MSCI Intl Quality Factor ETF 12.2 30 -5 6.3 -1.1
UMMA Wahed Dow Jones Islamic World ETF 12.1 65 -40 5.3 -2.2
IMFL Invesco International Developed Dynamic Multifactor ETF 12.1 34 -9 6.2 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 12.1 65 -40 12.2 +4.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.1 29 -4 8.2 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.0 39 -14 8.3 +0.9
CGIE Capital Group International Equity ETF 12.0 54 -29 5.1 -2.3
VYMI Vanguard International High Dividend Yield ETF 11.8 22 3 10.0 +2.6
DTAN Sparkline International Intangible Value ETF 11.8 55 -30 7.2 -0.2
EXI iShares Global Industrials ETF 11.8 42 -17 4.9 -2.5
VXUS Vanguard Total International Stock ETF 11.7 7 18 8.3 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 11.7 24 1 6.6 -0.8
IXUS iShares Core MSCI Total International Stock ETF 11.5 7 18 8.3 +0.9
FDEV Fidelity International Multifactor ETF 11.4 18 7 7.7 +0.3
DFIC Dimensional International Core Equity 2 ETF 11.2 23 2 7.9 +0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 11.0 32 -7 6.1 -1.3
JIG JPMorgan International Growth ETF 10.9 55 -30 4.8 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.9 47 -22 9.0 +1.6
IQDF FlexShares International Quality Dividend Index Fund 10.8 47 -22 9.5 +2.1
IDHQ Invesco S&P International Developed High Quality ETF 10.6 29 -4 6.7 -0.7
AVDE Avantis International Equity ETF 10.6 23 2 8.0 +0.6
IQDG WisdomTree International Quality Dividend Growth Fund 10.4 42 -17 7.2 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.3 58 -33 7.1 -0.4
AVSD Avantis Responsible International Equity ETF 10.1 23 2 6.8 -0.6
UIVM VictoryShares International Value Momentum ETF 10.0 35 -10 9.5 +2.1
AVIV Avantis International Large Cap Value ETF 10.0 25 0 9.3 +1.9
DIM WisdomTree International MidCap Dividend Fund 9.8 58 -33 7.7 +0.3
CLNR IQ Cleaner Transport ETF 9.6 45 -20 7.3 -0.2
LVHI Franklin International Low Volatility High Dividend Index ET 9.6 40 -15 11.0 +3.6
DGT SPDR Global Dow ETF 9.5 50 -25 7.5 +0.1
RODE Hartford Multifactor Diversified International ETF 9.3 29 -4 9.9 +2.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.9 50 -25 5.8 -1.6
ACWV iShares MSCI Global Min Vol Factor ETF 8.7 20 5 5.9 -1.6
WLDR Affinity World Leaders Equity ETF 8.6 67 -42 8.3 +0.9
FIDI Fidelity International High Dividend ETF 8.6 18 7 9.0 +1.6
GCOW Pacer Global Cash Cows Dividend ETF 8.2 60 -35 10.9 +3.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.9 80 -55 5.7 -1.7
KNO AXS Knowledge Leaders ETF 7.9 78 -53 6.1 -1.3
DSTX Distillate International Fundamental Stability & Value ETF 7.9 55 -30 8.4 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 7.6 30 -5 5.9 -1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.6 30 -5 8.6 +1.2
CARZ First Trust NASDAQ Global Auto Index Fund 7.5 70 -45 6.0 -1.4
AIVI WisdomTree International AI Enhanced Value Fund 7.1 58 -33 7.5 +0.1
IVAL Alpha Architect International Quantitative Value ETF 6.9 49 -24 10.6 +3.2
NXTG First Trust Indxx NextG ETF 6.9 70 -45 5.8 -1.6
ESGG FlexShares STOXX Global ESG Select Index Fund 6.9 42 -17 5.4 -2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.8 42 -17 6.8 -0.6
WRND IQ Global Equity R&D Leaders ETF 6.8 18 7 7.9 +0.5
RGEF Rockefeller Global Equity ETF 6.4 55 -30 5.2 -2.2
CGXU Capital Group International Focus Equity ETF 6.4 54 -29 5.9 -1.6
DWMF WisdomTree International Multifactor Fund 6.2 38 -13 6.9 -0.5
BULD Pacer BlueStar Engineering the Future ETF 6.2 60 -35 2.0 -5.4
OSEA Harbor International Compounders ETF 6.2 55 -30 4.7 -2.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.9 80 -55 4.9 -2.5
IMOM Alpha Architect International Quantitative Momentum ETF 5.9 49 -24 4.8 -2.7
FYLD Cambria Foreign Shareholder Yield ETF 5.8 59 -34 12.5 +5.1
DWX SPDR S&P International Dividend ETF 5.7 45 -20 6.6 -0.9
WWJD Inspire International ETF 5.7 80 -55 7.6 +0.2
AGQI First Trust Active Global Quality Income ETF 5.6 85 -60 6.6 -0.8
IBOT Vaneck Robotics ETF 5.5 47 -22 4.6 -2.8
URTH iShares MSCI World ETF 5.5 24 1 5.5 -1.9
QTUM Defiance Quantum ETF 5.4 40 -15 7.7 +0.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.4 75 -50 5.9 -1.5
IXG iShares Global Financials ETF 5.3 42 -17 7.2 -0.2
FBOT Fidelity Disruptive Automation ETF 5.0 50 -25 4.0 -3.5
KLMT Invesco MSCI Global Climate 500 ETF 5.0 10 15 6.1 -1.3
JSTC Adasina Social Justice All Cap Global ETF 5.0 89 -64 4.5 -2.9
IXP iShares Global Comm Services ETF 4.9 42 -17 6.7 -0.7
ACWI iShares MSCI ACWI ETF 4.9 32 -7 6.0 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.9 20 5 6.0 -1.4
BNGE First Trust S-Network Streaming and Gaming ETF 4.9 70 -45 3.6 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.8 9 16 6.1 -1.3
DTH WisdomTree International High Dividend Fund 4.7 58 -33 9.1 +1.7
DRIV Global X Autonomous & Electric Vehicles ETF 4.6 68 -43 6.8 -0.6
GLOF iShares Global Equity Factor ETF 4.6 20 5 6.8 -0.6
CGDG Capital Group Dividend Growers ETF 4.6 47 -22 6.3 -1.1
ARVR First Trust Indxx Metaverse ETF 4.5 70 -45 5.9 -1.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.5 65 -40 3.5 -3.9
TEMP JPMorgan Climate Change Solutions ETF 4.5 49 -24 5.9 -1.6
VT Vanguard Total World Stock ETF 4.4 7 18 6.3 -1.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.3 25 0 6.0 -1.4
METV Roundhill Ball Metaverse ETF 4.3 59 -34 8.2 +0.8
KXI iShares Global Consumer Staples ETF 4.1 41 -16 5.4 -2.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 4.1 45 -20 0.0 -7.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.1 47 -22 5.7 -1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.1 9 16 9.2 +1.8
BKCI BNY Mellon Concentrated International ETF 4.0 80 -55 4.9 -2.5
BINV Brandes International ETF 4.0 70 -45 9.5 +2.1
IDOG ALPS International Sector Dividend Dogs ETF 4.0 50 -25 12.2 +4.8
FPXI First Trust International Equity Opportunities ETF 3.9 70 -45 3.9 -3.6
IBAT iShares Energy Storage & Materials ETF 3.9 47 -22 5.3 -2.1
GINN Goldman Sachs Innovate Equity ETF 3.8 52 -27 4.4 -3.1
IXJ iShares Global Healthcare ETF 3.7 42 -17 6.6 -0.8
IPKW Invesco International BuyBack Achievers ETF 3.6 55 -30 15.3 +7.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.6 12 13 5.1 -2.3
BLES Inspire Global Hope ETF 3.5 61 -36 6.8 -0.6
IDLV Invesco S&P International Developed Low Volatility ETF 3.5 25 0 6.3 -1.1
ROBO ROBO Global Robotics & Automation Index ETF 3.4 95 -70 4.0 -3.4
IXN iShares Global Tech ETF 3.4 41 -16 4.5 -2.9
KNCT Invesco Next Gen Connectivity ETF 3.3 40 -15 5.1 -2.4
IVRS iShares Future Metaverse Tech and Communications ETF 3.3 47 -22 2.8 -4.6
MXI iShares Global Materials ETF 3.1 41 -16 8.0 +0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 3.1 49 -24 6.0 -1.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.0 68 -43 2.7 -4.7
OAIM OneAscent International Equity ETF 3.0 95 -70 6.2 -1.3
DINT Davis Select International ETF 2.9 55 -30 8.3 +0.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.8 75 -50 3.5 -3.9
URA Global X Uranium ETF 2.7 69 -44 3.5 -4.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 -27 6.7 -0.7
KOCG FIS Knights of Columbus Global Belief ETF 2.6 75 -50 5.4 -2.1
SCHY Schwab International Dividend Equity ETF 2.5 14 11 9.8 +2.4
FAN First Trust Global Wind Energy ETF 2.5 60 -35 5.3 -2.2
XT iShares Exponential Technologies ETF 2.5 46 -21 5.5 -1.9
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 -14 6.3 -1.1
IOO iShares Global 100 ETF 2.4 41 -16 5.4 -2.1
CGGO Capital Group Global Growth Equity ETF 2.4 47 -22 5.0 -2.4
JGLO JPMorgan Global Select Equity ETF 2.4 33 -8 5.1 -2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 2.4 55 -30 4.5 -2.9
IGPT Invesco AI and Next Gen Software ETF 2.4 60 -35 4.9 -2.5
BOTZ Global X Robotics & Artificial Intelligence ETF 2.4 69 -44 2.6 -4.8
BOTT Themes Robotics & Automation ETF 2.3 35 -10 4.5 -3.0
ESPO VanEck Video Gaming and eSports ETF 2.3 56 -31 4.8 -2.7
NERD Roundhill Video Games ETF 2.3 50 -25 3.9 -3.6
ODDS Pacer BlueStar Digital Entertainment ETF 2.3 60 -35 4.9 -2.5
HYDR Global X Hydrogen ETF 2.2 50 -25 -8.4 -15.8
CRAK VanEck Oil Refiners ETF 2.2 61 -36 15.4 +8.0
RAYD Rayliant Quantitative Developed Market Equity ETF 2.2 80 -55 4.7 -2.7
EV Mast Global Battery Recycling & Production ETF 2.1 65 -40 11.6 +4.2
THNR Amplify Weight Loss Drug & Treatment ETF 2.0 59 -34 5.8 -1.6
ANEW ProShares MSCI Transformational Changes ETF 2.0 45 -20 7.0 -0.4
FDTX Fidelity Disruptive Technology ETF 2.0 50 -25 3.0 -4.4
GLBL Pacer MSCI World Industry Advantage ETF 1.9 65 -40 5.0 -2.4
MDEV First Trust Indxx Medical Devices ETF 1.9 70 -45 1.2 -6.3
DTEC ALPS Disruptive Technologies ETF 1.8 50 -25 4.0 -3.4
TTAI FCF International Quality ETF 1.8 59 -34 6.9 -0.5
HERO Global X Video Games & Esports ETF 1.8 50 -25 4.6 -2.8
GGME Invesco Next Gen Media and Gaming ETF 1.8 60 -35 5.0 -2.5
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -43 4.7 -2.8
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 -50 4.8 -2.6
JXI iShares Global Utilities ETF 1.5 43 -18 6.0 -1.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.5 57 -32 8.5 +1.1
CANC Tema Oncology ETF 1.5 75 -50 -2.0 -9.4
FPAG FPA Global Equity ETF 1.5 49 -24 6.3 -1.1
LIT Global X Lithium & Battery Tech ETF 1.5 75 -50 5.9 -1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.4 58 -33 5.5 -1.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -40 8.6 +1.1
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 -35 9.1 +1.6
IDNA iShares Genomics Immunology and Healthcare ETF 1.4 47 -22 -2.1 -9.5
FILL iShares MSCI Global Energy Producers ETF 1.3 39 -14 11.4 +4.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.3 39 -14 11.0 +3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 -24 7.3 -0.1
WDIV SPDR S&P Global Dividend ETF 1.3 40 -15 9.6 +2.2
AGNG Global X Aging Population ETF 1.2 50 -25 4.2 -3.2
TMFG Motley Fool Global Opportunities ETF 1.2 85 -60 3.5 -3.9
DEW WisdomTree Global High Dividend Fund 1.1 58 -33 7.7 +0.3
IXC iShares Global Energy ETF 1.1 44 -19 9.8 +2.4
ION ProShares S&P Global Core Battery Metals ETF 1.1 58 -33 11.2 +3.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 13 7.7 +0.3
WDNA WisdomTree BioRevolution Fund 1.1 45 -20 0.0 -7.4
HDRO Defiance Next Gen H2 ETF 1.1 30 -5 -10.1 -17.5
OCEN IQ Clean Oceans ETF 1.0 45 -20 5.7 -1.7
ARTY iShares Future AI & Tech ETF 1.0 47 -22 4.1 -3.4
IVES Wedbush ETFMG Global Cloud Technology ETF 1.0 68 -43 9.3 +1.8
AIVC Amplify Bloomberg AI Value Chain ETF 1.0 59 -34 8.6 +1.2
HAP VanEck Natural Resources ETF 1.0 50 -25 10.0 +2.6
CRUZ Defiance Hotel Airline and Cruise ETF 1.0 45 -20 3.1 -4.3
AIRL Themes Airlines ETF 1.0 35 -10 -7.8 -15.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -47 -1.2 -8.6
LIMI Themes Lithium & Battery Metal Miners ETF 1.0 35 -10 0.0 -7.4
CZAR Themes Natural Monopoly ETF 1.0 35 -10 2.8 -4.6
JETS U.S. Global Jets ETF 0.9 60 -35 4.2 -3.3
GDOC Goldman Sachs Future Health Care Equity ETF 0.9 75 -50 2.7 -4.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 -14 14.1 +6.7
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 -43 7.8 +0.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 15 7.5 +0.1
SHPP Pacer Industrials and Logistics ETF 0.9 60 -35 5.1 -2.3
IQRA IQ CBRE Real Assets ETF 0.8 65 -40 2.7 -4.8
CHAT Roundhill Generative AI & Technology ETF 0.8 75 -50 14.8 +7.4
MOTI VanEck Morningstar International Moat ETF 0.8 58 -33 12.8 +5.4
OZEM Roundhill GLP-1 & Weight Loss ETF 0.8 59 -34 1.1 -6.3
IBUY Amplify Online Retail ETF 0.8 65 -40 3.7 -3.8
IQM Franklin Intelligent Machines ETF 0.7 50 -25 2.6 -4.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -21 4.9 -2.5
IFGL iShares International Developed Real Estate ETF 0.7 48 -23 6.3 -1.2
ERET iShares Environmentally Aware Real Estate ETF 0.7 30 -5 3.1 -4.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -31 12.6 +5.2
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.7 75 -50 0.9 -6.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -45 8.6 +1.2
CGDV Capital Group Dividend Value ETF 0.6 33 -8 4.9 -2.5
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 -25 2.9 -4.6
RWX SPDR Dow Jones International Real Estate ETF 0.6 59 -34 5.9 -1.5
SAGP Strategas Global Policy Opportunities ETF 0.6 65 -40 5.3 -2.2
BATT Amplify Lithium & Battery Technology ETF 0.5 59 -34 3.8 -3.6
IDAT iShares Future Cloud 5G and Tech ETF 0.5 47 -22 4.8 -2.7
BUYZ Franklin Disruptive Commerce ETF 0.5 50 -25 2.6 -4.9
GNR SPDR S&P Global Natural Resources ETF 0.5 40 -15 11.4 +4.0
HART IQ Healthy Hearts ETF 0.5 45 -20 6.6 -0.8
TRFK Pacer Data and Digital Revolution ETF 0.5 60 -35 3.9 -3.5
SNSR Global X Internet of Things ETF 0.5 68 -43 5.0 -2.4
FDCF Fidelity Disruptive Communications ETF 0.5 50 -25 3.3 -4.1
ARKX ARK Space Exploration & Innovation ETF 0.5 75 -50 -0.3 -7.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.5 85 -60 3.9 -3.5
BCDF Horizon Kinetics Blockchain Development ETF 0.5 85 -60 4.5 -3.0
CRTC Xtrackers US National Critical Technologies ETF 0.5 35 -10 5.3 -2.1
BUG Global X Cybersecurity ETF 0.5 51 -26 2.8 -4.7
CIBR First Trust NASDAQ Cybersecurity ETF 0.5 60 -35 4.2 -3.2
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.5 60 -35 3.0 -4.4
IHAK iShares Cybersecurity & Tech ETF 0.5 47 -22 3.8 -3.7
WCBR WisdomTree Cybersecurity Fund 0.5 45 -20 1.9 -5.5
XDAT Franklin Exponential Data ETF 0.5 50 -25 2.1 -5.3
SPAM Themes Cybersecurity ETF 0.5 35 -10 1.7 -5.7
CLOD Themes Cloud Computing ETF 0.5 35 -10 2.1 -5.3
GQRE FlexShares Global Quality Real Estate Index Fund 0.4 45 -20 4.1 -3.3
IBLC iShares Blockchain and Tech ETF 0.4 47 -22 -4.1 -11.5
LUX Tema Luxury ETF 0.4 75 -50 2.6 -4.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.3 45 -20 3.5 -4.0
OGIG ALPS O'Shares Global Internet Giants ETF 0.3 48 -23 1.9 -5.5
BMED Future Health ETF 0.3 85 -60 2.4 -5.0
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -50 4.6 -2.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 -43 2.5 -5.0
BKCH Global X Blockchain ETF 0.3 50 -25 -4.3 -11.8
BLOK Amplify Transformational Data Sharing ETF 0.3 75 -50 0.4 -7.1
STCE Schwab Crypto Thematic ETF 0.3 30 -5 1.8 -5.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 -22 4.4 -3.0
OND ProShares On-Demand ETF 0.2 58 -33 1.5 -5.9
BOAT SonicShares Global Shipping ETF 0.2 69 -44 31.6 +24.1
VIDI Vident International Equity Strategy ETF 0.2 61 -36 12.0 +4.6
AVRE Avantis Real Estate ETF 0.2 17 8 3.3 -4.1
FDRR Fidelity Dividend ETF for Rising Rates 0.2 15 10 7.6 +0.2
FDVV Fidelity High Dividend ETF 0.2 15 10 7.5 +0.1
REET iShares Global REIT ETF 0.2 14 11 3.3 -4.1
DFGR Dimensional Global Real Estate ETF 0.2 22 3 3.2 -4.3
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 -22 2.8 -4.6
TINY ProShares Nanotechnology ETF 0.2 58 -33 5.8 -1.6
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -33 5.4 -2.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 -22 5.8 -1.6
CLOU Global X Cloud Computing ETF 0.1 68 -43 1.9 -5.5
EBIZ Global X E-Commerce ETF 0.1 50 -25 4.3 -3.1
FDNI First Trust Dow Jones International Internet ETF 0.1 65 -40 19.5 +12.0
FICS First Trust International Developed Capital Strength ETF 0.1 70 -45 5.7 -1.7
PRNT 3D Printing ETF 0.1 66 -41 1.5 -5.9
EATV VegTech Plant-based Innovation & Climate ETF 0.1 75 -50 5.4 -2.0
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -45 8.1 +0.7
KROP Global X AgTech & Food Innovation ETF 0.1 50 -25 7.0 -0.4
MOO VanEck Agribusiness ETF 0.1 53 -28 10.8 +3.4
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -14 8.8 +1.4
IVEG iShares Emergent Food and AgTech Multisector ETF 0.1 47 -22 8.5 +1.1
TINT ProShares Smart Materials ETF 0.1 58 -33 3.1 -4.3
ICLN iShares Global Clean Energy ETF 0.0 41 -16 6.4 -1.1
VCLN Virtus Duff & Phelps Clean Energy ETF 0.0 59 -34 6.2 -1.2

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

  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

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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:		 Goldman Sachs ActiveBeta Japan Equity 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 9.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.60
 
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.