Goldman Sachs ActiveBeta Japan Equity ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.1x P/Sales
ratio		 1.0x
P/BV
ratio		 1.6x Div.
yield		 3.0%


  • 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) $88
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 156
Wgt avg mkt cap (mns) $61,163
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
MITSUBISHI UFJ FINANCIAL GRO 4.0 %
TOKYO ELECTRON LTD 4.0 %
ADVANTEST CORP 3.4 %
TOYOTA MOTOR CORP 2.7 %
HITACHI LTD 2.5 %
SUMITOMO MITSUI FINANCIAL GR 2.5 %
SOFTBANK GROUP CORP. 2.4 %
MIZUHO FINANCIAL GROUP INC 2.2 %
MURATA MANUFACTURING CO LTD 2.1 %
SONY CORP 2.0 %
Total 27.8 %

TOP COUNTRY EXPOSURE
JAPAN 96.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.6% 27.4% 9.9% 9.4% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.13 49%
MSCI EAFE 1.15 74%
MSCI Emg. Mkts. 0.63 57%

Technical Indicators
Recent close $56.49
30d moving avg. $52.95
Annualized volatility 12.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.1%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $18,638

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 329 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™: 5.0%


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
(%)
DBJP Xtrackers MSCI Japan Hedged Equity ETF 78.8 47 -22 4.5 -0.5
HEWJ iShares Currency Hedged MSCI Japan ETF 78.0 50 -25 5.2 +0.2
EWJ iShares MSCI Japan ETF 77.1 50 -25 4.5 -0.5
FLJP Franklin FTSE Japan ETF 72.8 9 16 5.0 -0.0
FLJH Franklin FTSE Japan Hedged ETF 71.6 9 16 4.9 -0.1
JPXN iShares JPX-Nikkei 400 ETF 65.3 48 -23 5.0 -0.0
DXJ WisdomTree Japan Hedged Equity Fund 57.9 48 -23 5.1 +0.1
EWJV iShares MSCI Japan Value ETF 51.3 15 10 6.2 +1.2
IPAC iShares Core MSCI Pacific ETF 49.9 9 16 5.2 +0.2
VPL Vanguard FTSE Pacific ETF 39.8 7 18 4.9 -0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 27.7 12 13 4.8 -0.3
FJP First Trust Japan AlphaDEX Fund 26.3 80 -55 7.2 +2.1
IVLU iShares MSCI Intl Value Factor ETF 25.7 30 -5 7.7 +2.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 25.6 35 -10 5.5 +0.4
IQSI IQ Candriam International Equity ETF 23.8 15 10 5.5 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.7 14 11 5.2 +0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 23.5 58 -33 5.6 +0.6
IMTM iShares MSCI Intl Momentum Factor ETF 23.5 30 -5 4.6 -0.5
VIGI Vanguard International Dividend Appreciation ETF 23.3 10 15 5.9 +0.9
PATN Pacer Nasdaq International Patent Leaders ETF 22.9 65 -40 4.0 -1.0
JHMD John Hancock Multifactor Developed International ETF 22.6 39 -14 6.1 +1.0
EFV iShares MSCI EAFE Value ETF 22.4 34 -9 7.2 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 22.2 20 5 5.7 +0.6
HEFA iShares Currency Hedged MSCI EAFE ETF 22.2 35 -10 5.7 +0.6
EFA iShares MSCI EAFE ETF 22.1 35 -10 5.6 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 21.9 20 5 5.5 +0.5
FENI Fidelity Enhanced International ETF 21.8 28 -3 5.7 +0.6
DWMF WisdomTree International Multifactor Fund 21.6 38 -13 6.8 +1.8
JIRE JPMorgan International Research Enhanced Equity ETF 21.5 24 1 5.7 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.3 36 -11 5.2 +0.1
ESGD iShares ESG Aware MSCI EAFE ETF 21.2 20 5 5.6 +0.6
EFG iShares MSCI EAFE Growth ETF 21.0 36 -11 3.8 -1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.5 25 0 6.0 +0.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 20.4 30 -5 5.9 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 20.2 20 5 5.5 +0.5
BKIE BNY Mellon International Equity ETF 19.8 4 21 17.5 +12.5
IVSI Applied Finance IVS International Large ETF 19.2 65 -40 5.8 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 19.0 31 -6 5.4 +0.3
IEFA iShares Core MSCI EAFE ETF 18.9 7 18 5.9 +0.9
STXI Strive International Developed Markets ETF 18.9 29 -4 6.4 +1.3
IDHQ Invesco S&P International Developed High Quality ETF 18.7 29 -4 5.0 -0.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.7 20 5 5.6 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.6 45 -20 6.5 +1.4
RAYJ Rayliant SMDAM Japan Equity ETF 18.6 72 -47 3.2 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 18.2 25 0 7.1 +2.0
DIHP Dimensional International High Profitability ETF 17.7 29 -4 5.7 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 17.7 9 16 6.4 +1.4
IGRO iShares International Dividend Growth ETF 17.6 15 10 6.6 +1.5
TPIF Timothy Plan International ETF 17.2 62 -37 5.5 +0.4
SCHF Schwab International Equity ETF 16.9 6 19 5.8 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 16.9 83 -58 7.3 +2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.9 39 -14 6.1 +1.0
CGIE Capital Group International Equity ETF 16.8 54 -29 4.5 -0.6
INTF iShares International Equity Factor ETF 16.7 15 10 6.3 +1.3
IDEV iShares Core MSCI International Developed Markets ETF 16.7 4 21 5.9 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 16.6 3 22 5.7 +0.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.5 12 13 5.3 +0.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 16.5 22 3 5.5 +0.5
IDMO Invesco S&P International Developed Momentum ETF 16.4 25 0 5.0 -0.1
UIVM VictoryShares International Value Momentum ETF 16.2 35 -10 7.7 +2.6
DFAI Dimensional International Core Equity Market ETF 16.2 18 7 5.9 +0.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 16.1 65 -40 4.2 -0.9
UMMA Wahed Dow Jones Islamic World ETF 16.0 65 -40 3.6 -1.4
IQDG WisdomTree International Quality Dividend Growth Fund 15.9 42 -17 5.7 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.8 58 -33 5.3 +0.3
CGXU Capital Group International Focus Equity ETF 15.7 54 -29 3.7 -1.4
VEA Vanguard FTSE Developed Markets ETF 15.6 3 22 5.8 +0.7
DOL WisdomTree International LargeCap Dividend Fund 15.5 48 -23 5.5 +0.4
DFIV Dimensional International Value ETF 15.0 27 -2 7.4 +2.3
FIVA Fidelity International Value Factor ETF 14.7 18 7 7.0 +2.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 14.6 80 -55 6.6 +1.5
FRGN Horizon International Equity ETF 14.5 75 -50 7.7 +2.6
DWM WisdomTree International Equity Fund 14.2 48 -23 5.5 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.1 40 -15 5.6 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.0 42 -17 4.1 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.5 47 -22 7.0 +1.9
CWI SPDR MSCI ACWI ex-US ETF 13.5 30 -5 6.3 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 13.1 34 -9 6.2 +1.2
EXI iShares Global Industrials ETF 13.1 42 -17 3.7 -1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.0 18 7 6.2 +1.1
QINT American Century Quality Diversified International ETF 12.6 39 -14 6.4 +1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 12.5 37 -12 6.8 +1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.5 39 -14 6.7 +1.7
VEU Vanguard FTSE All-World ex-US Index Fund 12.5 4 21 6.6 +1.5
IQLT iShares MSCI Intl Quality Factor ETF 12.4 30 -5 5.4 +0.4
OEFA ALPS O’Shares International Developed Quality Dividend ETF 12.3 48 -23 4.8 -0.3
AVSD Avantis Responsible International Equity ETF 12.0 23 2 5.8 +0.8
DTAN Sparkline International Intangible Value ETF 12.0 55 -30 7.0 +2.0
DFSI Dimensional International Sustainability Core 1 ETF 12.0 24 1 5.5 +0.5
AVIV Avantis International Large Cap Value ETF 11.9 25 0 6.7 +1.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 11.9 24 1 6.8 +1.7
VSGX Vanguard ESG International Stock ETF 11.7 10 15 6.4 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.5 41 -16 5.9 +0.9
IQDF FlexShares International Quality Dividend Index Fund 11.5 47 -22 7.2 +2.2
VXUS Vanguard Total International Stock ETF 11.5 5 20 6.5 +1.4
AVDE Avantis International Equity ETF 11.5 23 2 6.1 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 11.3 32 -7 5.3 +0.2
IXUS iShares Core MSCI Total International Stock ETF 11.3 7 18 6.5 +1.4
DFIC Dimensional International Core Equity 2 ETF 11.1 23 2 6.1 +1.0
INEQ Columbia International Equity Income ETF 11.1 45 -20 7.5 +2.4
JHID John Hancock International High Dividend ETF 11.0 46 -21 7.7 +2.6
DIM WisdomTree International MidCap Dividend Fund 10.6 58 -33 6.1 +1.1
RXI iShares Global Consumer Discretionary ETF 10.4 41 -16 8.7 +3.6
IMFL Invesco International Developed Dynamic Multifactor ETF 10.1 34 -9 5.1 +0.1
VYMI Vanguard International High Dividend Yield ETF 10.0 17 8 7.6 +2.6
FIDI Fidelity International High Dividend ETF 9.8 18 7 6.9 +1.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.7 65 -40 7.9 +2.8
PIEL Pacer International Export Leaders ETF 9.5 60 -35 4.1 -0.9
LVHI Franklin International Low Volatility High Dividend Index ET 9.3 40 -15 7.4 +2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.2 80 -55 5.4 +0.3
AIVI WisdomTree International AI Enhanced Value Fund 8.9 58 -33 6.0 +0.9
DXIV Dimensional International Vector Equity ETF 8.8 34 -9 6.4 +1.4
JIVE JPMorgan International Value ETF 8.8 55 -30 7.8 +2.7
FDEV Fidelity International Multifactor ETF 8.0 18 7 7.0 +2.0
WRND IQ Global Equity R&D Leaders ETF 7.9 18 7 4.1 -1.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.9 50 -25 5.6 +0.6
CLNR IQ Cleaner Transport ETF 7.8 45 -20 4.0 -1.1
NXTG First Trust Indxx NextG ETF 7.7 70 -45 3.4 -1.6
BULD Pacer BlueStar Engineering the Future ETF 7.6 60 -35 0.3 -4.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.5 29 -4 6.9 +1.8
RGEF Rockefeller Global Equity ETF 7.5 55 -30 3.8 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 7.3 30 -5 5.1 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.3 30 -5 6.2 +1.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.2 80 -55 3.7 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 7.2 20 5 5.6 +0.6
DGT State Street SPDR Global Dow ETF 7.1 50 -25 5.5 +0.5
JIG JPMorgan International Growth ETF 6.7 55 -30 3.6 -1.4
IXG iShares Global Financials ETF 6.4 42 -17 5.8 +0.7
DSTX Distillate International Fundamental Stability & Value ETF 6.3 55 -30 6.4 +1.3
IPKW Invesco International BuyBack Achievers ETF 6.3 55 -30 7.7 +2.7
GCOW Pacer Global Cash Cows Dividend ETF 6.2 60 -35 9.2 +4.1
JGLO JPMorgan Global Select Equity ETF 6.2 33 -8 4.3 -0.8
QTUM Defiance Quantum ETF 6.1 40 -15 3.8 -1.2
IBAT iShares Energy Storage & Materials ETF 6.0 47 -22 1.6 -3.4
GEW Cambria Global EW ETF 5.9 29 -4 5.3 +0.3
CHAT Roundhill Generative AI & Technology ETF 5.8 75 -50 4.3 -0.8
IDLV Invesco S&P International Developed Low Volatility ETF 5.8 25 0 6.2 +1.2
FYLD Cambria Foreign Shareholder Yield ETF 5.8 59 -34 9.5 +4.5
FPXI First Trust International Equity Opportunities ETF 5.8 70 -45 4.1 -0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 5.8 25 0 5.5 +0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 5.7 42 -17 4.0 -1.1
WWJD Inspire International ETF 5.7 80 -55 6.1 +1.1
WLDR Affinity World Leaders Equity ETF 5.7 67 -42 5.4 +0.3
AGQI First Trust Active Global Quality Income ETF 5.6 85 -60 6.3 +1.3
URTH iShares MSCI World ETF 5.4 24 1 4.3 -0.8
JSTC Adasina Social Justice All Cap Global ETF 5.2 89 -64 4.3 -0.7
KNO AXS Knowledge Leaders ETF 5.2 78 -53 4.0 -1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.1 9 16 7.6 +2.5
IBOT Vaneck Robotics ETF 5.1 47 -22 3.4 -1.7
ROBO ROBO Global Robotics & Automation Index ETF 5.1 95 -70 2.5 -2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.1 20 5 4.7 -0.4
KLMT Invesco MSCI Global Climate 500 ETF 5.0 10 15 4.9 -0.2
FEOE First Eagle Overseas Equity ETF 5.0 79 -54 6.0 +1.0
GLBL Pacer MSCI World Industry Advantage ETF 4.9 65 -40 3.4 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.7 9 16 4.8 -0.3
ACWI iShares MSCI ACWI ETF 4.7 32 -7 4.6 -0.4
GLOF iShares Global Equity Factor ETF 4.6 20 5 5.5 +0.4
IXP iShares Global Comm Services ETF 4.5 42 -17 5.8 +0.7
DINT Davis Select International ETF 4.4 55 -30 6.1 +1.1
VT Vanguard Total World Stock ETF 4.4 6 19 4.9 -0.1
IMOM Alpha Architect International Quantitative Momentum ETF 4.1 49 -24 4.5 -0.5
FBOT Fidelity Disruptive Automation ETF 4.0 50 -25 2.9 -2.1
NUKZ Range Nuclear Renaissance Index ETF 3.9 85 -60 1.5 -3.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.9 65 -40 1.4 -3.7
FEGE First Eagle Global Equity ETF 3.8 79 -54 5.9 +0.8
BKCI BNY Mellon Concentrated International ETF 3.8 80 -55 5.0 -0.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.7 47 -22 5.0 -0.1
DTH WisdomTree International High Dividend Fund 3.7 58 -33 7.0 +2.0
OAIM OneAscent International Equity ETF 3.7 95 -70 4.3 -0.7
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 -27 8.1 +3.0
CGDG Capital Group Dividend Growers ETF 3.6 47 -22 5.1 +0.1
IVAL Alpha Architect International Quantitative Value ETF 3.6 49 -24 7.3 +2.3
DWX SPDR S&P International Dividend ETF 3.5 45 -20 6.6 +1.6
XT iShares Exponential Technologies ETF 3.4 46 -21 4.0 -1.1
BLES Inspire Global Hope ETF 3.3 61 -36 5.7 +0.6
IXJ iShares Global Healthcare ETF 3.2 42 -17 6.2 +1.2
IXN iShares Global Tech ETF 3.1 41 -16 2.6 -2.4
BINV Brandes International ETF 3.0 70 -45 8.4 +3.3
CARZ First Trust NASDAQ Global Auto Index Fund 3.0 70 -45 2.4 -2.6
MXI iShares Global Materials ETF 2.9 41 -16 5.9 +0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 2.9 55 -30 5.9 +0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.8 12 13 4.4 -0.6
AQLT iShares MSCI Global Quality Factor ETF 2.8 18 7 0.0 -5.0
FDTX Fidelity Disruptive Technology ETF 2.8 50 -25 1.6 -3.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.8 75 -50 3.2 -1.8
IDOG ALPS International Sector Dividend Dogs ETF 2.7 50 -25 9.0 +3.9
HYDR Global X Hydrogen ETF 2.7 50 -25 -5.8 -10.8
DRIV Global X Autonomous & Electric Vehicles ETF 2.7 68 -43 3.5 -1.6
KXI iShares Global Consumer Staples ETF 2.6 41 -16 5.5 +0.4
BNGE First Trust S-Network Streaming and Gaming ETF 2.6 70 -45 3.0 -2.1
EV Mast Global Battery Recycling & Production ETF 2.6 65 -40 6.4 +1.4
PCGG Polen Capital Global Growth ETF 2.6 85 -60 3.9 -1.1
URA Global X Uranium ETF 2.6 69 -44 1.0 -4.1
CRAK VanEck Oil Refiners ETF 2.6 61 -36 6.7 +1.7
AIVC Amplify Bloomberg AI Value Chain ETF 2.5 59 -34 3.5 -1.5
ARVR First Trust Indxx Metaverse ETF 2.5 70 -45 3.5 -1.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.5 45 -20 1.9 -3.1
ARTY iShares Future AI & Tech ETF 2.4 47 -22 2.4 -2.7
METV Roundhill Ball Metaverse ETF 2.4 59 -34 7.4 +2.4
OSEA Harbor International Compounders ETF 2.4 55 -30 4.5 -0.6
FAN First Trust Global Wind Energy ETF 2.2 60 -35 3.0 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.2 39 -14 6.6 +1.5
KOCG FIS Knights of Columbus Global Belief ETF 2.1 75 -50 4.6 -0.5
BOTZ Global X Robotics & Artificial Intelligence ETF 2.1 69 -44 2.1 -3.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -50 1.9 -3.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.0 58 -33 3.6 -1.4
IOO iShares Global 100 ETF 1.9 41 -16 3.8 -1.2
LIT Global X Lithium & Battery Tech ETF 1.8 75 -50 5.6 +0.6
IQM Franklin Intelligent Machines ETF 1.8 50 -25 1.2 -3.8
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -43 2.7 -2.3
CZAR Themes Natural Monopoly ETF 1.7 35 -10 5.3 +0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 -24 4.6 -0.5
KNCT Invesco Next Gen Connectivity ETF 1.6 40 -15 2.9 -2.1
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 -14 7.8 +2.8
IGPT Invesco AI and Next Gen Software ETF 1.5 60 -35 2.4 -2.7
WDIV SPDR S&P Global Dividend ETF 1.5 40 -15 8.8 +3.8
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 -35 7.5 +2.5
DEW WisdomTree Global High Dividend Fund 1.5 58 -33 7.0 +2.0
GINN Goldman Sachs Innovate Equity ETF 1.5 52 -27 3.7 -1.4
SAGP Strategas Global Policy Opportunities ETF 1.5 65 -40 4.9 -0.2
DTEC ALPS Disruptive Technologies ETF 1.5 50 -25 3.5 -1.5
TTAI FCF International Quality ETF 1.4 59 -34 7.1 +2.0
JXI iShares Global Utilities ETF 1.4 43 -18 5.5 +0.4
MDEV First Trust Indxx Medical Devices ETF 1.4 70 -45 4.9 -0.2
BATT Amplify Lithium & Battery Technology ETF 1.4 59 -34 2.0 -3.0
ION ProShares S&P Global Core Battery Metals ETF 1.3 58 -33 6.4 +1.4
ABLG Abacus FCF International Leaders ETF 1.3 59 -34 6.6 +1.6
MINV Matthews Asia Innovators Active ETF 1.3 79 -54 5.8 +0.7
POW VistaShares Electrification Supercycle ETF 1.3 75 -50 2.4 -2.6
OCEN IQ Clean Oceans ETF 1.2 45 -20 4.6 -0.4
AKAF The Frontier Economic Fund 1.2 20 5 5.3 +0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 13 8.8 +3.8
DWLD Davis Select Worldwide ETF 1.1 63 -38 7.0 +2.0
IXC iShares Global Energy ETF 1.1 44 -19 6.7 +1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 -14 7.9 +2.9
GDOC Goldman Sachs Future Health Care Equity ETF 1.1 75 -50 0.9 -4.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -47 2.6 -2.5
AGNG Global X Aging Population ETF 1.0 50 -25 4.3 -0.8
MOTO SmartETFs Smart Transportation & Technology ETF 1.0 68 -43 5.6 +0.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 15 8.8 +3.8
HRTS Tema Heart & Health ETF 0.9 75 -50 2.9 -2.2
HUMN Roundhill Humanoid Robotics ETF 0.9 75 -50 1.5 -3.5
AGIX KraneShares Artificial Intelligence and Technology ETF 0.9 99 -74 1.1 -3.9
SNSR Global X Internet of Things ETF 0.9 68 -43 3.5 -1.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 -14 1.2 -3.9
ISHP First Trust Nasdaq Retail ETF 0.9 60 -35 5.5 +0.4
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -40 26.8 +21.8
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -55 20.4 +15.4
HAP VanEck Natural Resources ETF 0.9 50 -25 6.2 +1.2
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 -40 3.4 -1.7
ESPO VanEck Video Gaming and eSports ETF 0.8 56 -31 6.3 +1.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 -35 4.5 -0.5
NERD Roundhill Video Games ETF 0.8 50 -25 7.4 +2.3
AIRL Themes Airlines ETF 0.8 35 -10 1.7 -3.4
IDNA iShares Genomics Immunology and Healthcare ETF 0.8 47 -22 -0.3 -5.4
ERET iShares Environmentally Aware Real Estate ETF 0.8 30 -5 7.0 +2.0
IFGL iShares International Developed Real Estate ETF 0.8 48 -23 7.6 +2.6
SLX VanEck Steel ETF 0.7 56 -31 10.0 +5.0
ANEW ProShares MSCI Transformational Changes ETF 0.7 45 -20 4.3 -0.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 -30 4.3 -0.7
SCHY Schwab International Dividend Equity ETF 0.7 14 11 8.4 +3.4
JAPN Horizon Kinetics Japan Owner Operator ETF 0.6 85 -60 5.4 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 -24 5.9 +0.9
SHPP Pacer Industrials and Logistics ETF 0.6 60 -35 6.7 +1.7
STCE Schwab Crypto Thematic ETF 0.6 30 -5 2.6 -2.4
BLOK Amplify Transformational Data Sharing ETF 0.6 75 -50 -0.1 -5.2
MNRS Grayscale Bitcoin Miners ETF 0.6 59 -34 -2.3 -7.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.6 65 -40 7.1 +2.0
GNR SPDR S&P Global Natural Resources ETF 0.6 40 -15 7.8 +2.8
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 -35 4.4 -0.6
HERO Global X Video Games & Esports ETF 0.6 50 -25 5.6 +0.6
ARKX ARK Space Exploration & Innovation ETF 0.6 75 -50 0.1 -5.0
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -55 14.2 +9.2
EFAS Global X MSCI SuperDividend EAFE ETF 0.6 57 -32 7.0 +2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 -31 9.2 +4.2
RCGE RockCreek Global Equality ETF 0.5 95 -70 5.9 +0.9
JETS U.S. Global Jets ETF 0.5 60 -35 2.7 -2.4
ARKF ARK Fintech Innovation ETF 0.5 75 -50 0.2 -4.8
HART IQ Healthy Hearts ETF 0.5 45 -20 6.0 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -21 5.4 +0.3
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 -34 5.7 +0.6
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 -23 2.5 -2.6
SCJ iShares MSCI Japan Small-Cap ETF 0.5 50 -25 5.3 +0.2
TINY ProShares Nanotechnology ETF 0.5 58 -33 1.5 -3.6
DVYA iShares Asia/Pacific Dividend ETF 0.5 49 -24 6.7 +1.6
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -34 7.3 +2.3
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -25 6.4 +1.4
TMFG Motley Fool Global Opportunities ETF 0.4 85 -60 3.8 -1.2
FPAG FPA Global Equity ETF 0.4 49 -24 5.6 +0.6
MOTI VanEck Morningstar International Moat ETF 0.4 58 -33 10.2 +5.2
MOO VanEck Agribusiness ETF 0.4 53 -28 8.5 +3.4
KROP Global X AgTech & Food Innovation ETF 0.4 50 -25 6.2 +1.2
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -45 6.7 +1.7
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 -14 7.1 +2.1
THNR Amplify Weight Loss Drug & Treatment ETF 0.3 59 -34 5.9 +0.9
KBWR Invesco KBW Regional Banking ETF 0.3 35 -10 8.5 +3.4
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.3 85 -60 2.6 -2.4
BCDF Horizon Kinetics Blockchain Development ETF 0.3 85 -60 3.7 -1.4
EBIZ Global X E-Commerce ETF 0.3 50 -25 4.9 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 0.3 15 10 5.5 +0.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -21 7.3 +2.3
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -50 1.0 -4.1
PIO Invesco Global Water ETF 0.3 75 -50 4.7 -0.4
ICLN iShares Global Clean Energy ETF 0.3 41 -16 2.1 -3.0
VCLN Virtus Duff & Phelps Clean Energy ETF 0.3 59 -34 2.7 -2.4
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 -20 7.6 +2.5
COPX Global X Copper Miners ETF 0.2 65 -40 4.0 -1.1
GMET VanEck Green Metals ETF 0.2 63 -38 0.8 -4.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -45 6.2 +1.2
FICS First Trust International Developed Capital Strength ETF 0.2 70 -45 6.8 +1.7
MJSC MUFG Japan Small Cap Active ETF 0.2 85 -60 4.5 -0.5
AVDV Avantis International Small Cap Value ETF 0.2 36 -11 7.4 +2.4
BAI iShares AI Innovation and Tech Active ETF 0.2 55 -30 1.0 -4.0
AVDS Avantis International Small Cap Equity ETF 0.2 30 -5 5.9 +0.8
AZTD Aztlan Global Stock Selection DM SMID ETF 0.2 75 -50 4.3 -0.7
FDVV Fidelity High Dividend ETF 0.2 15 10 6.5 +1.5
TRFK Pacer Data and Digital Revolution ETF 0.2 60 -35 1.9 -3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -15 6.0 +1.0
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -37 3.4 -1.7
AVRE Avantis Real Estate ETF 0.2 17 8 7.1 +2.0
REET iShares Global REIT ETF 0.2 14 11 7.1 +2.1
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -33 7.7 +2.7
VGSR Vert Global Sustainable Real Estate ETF 0.2 47 -22 7.2 +2.2
BOAT SonicShares Global Shipping ETF 0.2 69 -44 16.9 +11.9
DFGR Dimensional Global Real Estate ETF 0.2 22 3 7.2 +2.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 -10 4.1 -0.9
WSML iShares MSCI World Small-Cap ETF 0.1 15 10 5.3 +0.3
OND ProShares On-Demand ETF 0.1 58 -33 0.6 -4.5
PRNT 3D Printing ETF 0.0 66 -41 1.2 -3.8

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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.64
 
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.