Goldman Sachs ActiveBeta Japan Equity ETF
ALTAR
Score™		 7.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.2x Div.
yield		 2.8%


  • 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) $22
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 220
Wgt avg mkt cap (mns) $53,182
Large cap (>$10bn) 77.1%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 5.1 %
MITSUBISHI UFJ FINANCIAL GRO 2.7 %
TOKYO ELECTRON LTD 2.5 %
MITSUBISHI CORP 2.3 %
SONY CORP 2.0 %
HONDA MOTOR CO LTD 1.8 %
HITACHI LTD 1.8 %
KEYENCE CORP 1.8 %
SUMITOMO MITSUI FINANCIAL GR 1.7 %
MITSUI & CO LTD 1.6 %
Total 23.2 %

TOP COUNTRY EXPOSURE
JAPAN 98.4 %










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.
7.7% 20.1% 6.3% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.66 58%
MSCI EAFE 0.78 76%
MSCI Emg. Mkts. 0.67 61%

Technical Indicators
Recent close $36.69
30d moving avg. $34.34
Annualized volatility 15.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $20,730

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 345 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™: 7.7%


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 81.6 50 -25 6.7 -1.0
BBJP JPMorgan BetaBuilders Japan ETF 80.0 19 6 7.1 -0.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 79.5 47 -22 6.6 -1.2
FLJP Franklin FTSE Japan ETF 75.6 9 16 7.1 -0.6
FLJH Franklin FTSE Japan Hedged ETF 74.3 9 16 6.9 -0.8
JPXN iShares JPX-Nikkei 400 ETF 72.9 48 -23 7.5 -0.3
DXJ WisdomTree Japan Hedged Equity Fund 55.9 48 -23 7.7 -0.0
EWJV iShares MSCI Japan Value ETF 54.5 15 10 9.0 +1.2
IPAC iShares Core MSCI Pacific ETF 54.1 9 16 6.7 -1.1
IDMO Invesco S&P International Developed Momentum ETF 46.3 25 0 7.0 -0.8
VPL Vanguard FTSE Pacific ETF 45.3 8 17 7.0 -0.8
IMTM iShares MSCI Intl Momentum Factor ETF 44.1 30 -5 6.8 -0.9
FJP First Trust Japan AlphaDEX Fund 31.9 80 -55 10.1 +2.4
IVLU iShares MSCI Intl Value Factor ETF 30.8 30 -5 10.6 +2.9
IQIN IQ 500 International ETF 27.6 25 0 8.8 +1.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 26.5 35 -10 6.4 -1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 25.8 12 13 5.4 -2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.7 14 11 6.2 -1.6
GSID Goldman Sachs MarketBeta International Equity ETF 23.9 20 5 6.7 -1.1
JHMD John Hancock Multifactor Developed International ETF 23.7 39 -14 7.4 -0.4
ESGN Columbia International ESG Equity Income ETF 23.2 45 -20 9.0 +1.3
UIVM VictoryShares International Value Momentum ETF 23.1 35 -10 10.7 +2.9
IQSI IQ Candriam International Equity ETF 23.0 15 10 6.4 -1.3
HFXI IQ FTSE International Equity Currency Neutral ETF 23.0 20 5 6.8 -0.9
ISZE iShares MSCI Intl Size Factor ETF 23.0 30 -5 6.6 -1.2
EFV iShares MSCI EAFE Value ETF 23.0 34 -9 9.1 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.9 36 -11 6.4 -1.4
EFA iShares MSCI EAFE ETF 22.7 35 -10 6.4 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.6 20 5 6.3 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 22.4 25 0 9.1 +1.3
EFG iShares MSCI EAFE Growth ETF 21.9 36 -11 4.1 -3.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 21.6 30 -5 6.8 -0.9
ESGD iShares ESG Aware MSCI EAFE ETF 21.5 20 5 6.3 -1.4
JIRE JPMorgan International Research Enhanced Equity ETF 21.5 24 1 6.7 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 21.5 80 -55 10.8 +3.0
DIVI Franklin International Core Dividend Tilt Index ETF 21.4 9 16 8.0 +0.3
BKIE BNY Mellon International Equity ETF 21.4 4 21 6.9 -0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.6 25 0 7.4 -0.3
IEFA iShares Core MSCI EAFE ETF 19.7 7 18 2.7 -5.0
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 19.7 51 -26 6.8 -0.9
CIL VictoryShares International Volatility Wtd ETF 19.7 45 -20 6.9 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.6 45 -20 8.5 +0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 19.1 22 3 6.2 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.0 39 -14 7.6 -0.1
TPIF Timothy Plan International ETF 18.9 62 -37 6.7 -1.0
SCHF Schwab International Equity ETF 18.8 6 19 7.0 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 18.7 83 -58 9.0 +1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 18.4 37 -12 8.7 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 18.3 3 22 6.9 -0.8
DWMF WisdomTree International Multifactor Fund 17.9 38 -13 7.3 -0.4
FIVA Fidelity International Value Factor ETF 17.7 18 7 9.3 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 17.6 4 21 6.7 -1.0
DIHP Dimensional International High Profitability ETF 17.5 29 -4 6.9 -0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 17.3 24 1 8.6 +0.8
QINT American Century Quality Diversified International ETF 17.3 39 -14 7.4 -0.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 17.2 20 5 6.9 -0.8
IGRO iShares International Dividend Growth ETF 16.9 15 10 7.1 -0.7
IMOM Alpha Architect International Quantitative Momentum ETF 16.8 49 -24 7.3 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 16.7 31 -6 6.4 -1.3
INTF iShares International Equity Factor ETF 16.5 15 10 7.8 +0.1
DFAI Dimensional International Core Equity Market ETF 16.3 18 7 6.9 -0.8
DOL WisdomTree International LargeCap Dividend Fund 16.2 48 -23 7.7 0.0
VEA Vanguard FTSE Developed Markets ETF 16.0 5 20 7.0 -0.7
DFIV Dimensional International Value ETF 15.9 27 -2 9.8 +2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 15.5 32 -7 6.7 -1.1
DWM WisdomTree International Equity Fund 15.3 48 -23 7.8 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.9 40 -15 7.8 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.8 41 -16 6.7 -1.1
CWI SPDR MSCI ACWI ex-US ETF 14.7 30 -5 6.8 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 14.7 34 -9 6.7 -1.1
FDEV Fidelity International Multifactor ETF 14.3 18 7 7.5 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.8 39 -14 7.3 -0.4
VSGX Vanguard ESG International Stock ETF 13.5 12 13 6.8 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 13.3 8 17 7.2 -0.6
JHID John Hancock International High Dividend ETF 13.2 46 -21 11.5 +3.7
VYMI Vanguard International High Dividend Yield ETF 13.2 22 3 9.7 +2.0
DIM WisdomTree International MidCap Dividend Fund 13.2 58 -33 7.7 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.8 29 -4 8.8 +1.0
RXI iShares Global Consumer Discretionary ETF 12.6 41 -16 5.5 -2.2
EXI iShares Global Industrials ETF 12.5 42 -17 4.7 -3.1
IXUS iShares Core MSCI Total International Stock ETF 12.4 7 18 6.9 -0.8
DFSI Dimensional International Sustainability Core 1 ETF 12.4 24 1 6.2 -1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.3 80 -55 5.4 -2.4
VXUS Vanguard Total International Stock ETF 12.0 7 18 7.1 -0.6
RODE Hartford Multifactor Diversified International ETF 11.9 29 -4 11.5 +3.8
DFIC Dimensional International Core Equity 2 ETF 11.9 23 2 7.4 -0.3
IQLT iShares MSCI Intl Quality Factor ETF 11.8 30 -5 5.7 -2.0
AVDE Avantis International Equity ETF 11.8 23 2 7.9 +0.1
VIGI Vanguard International Dividend Appreciation ETF 11.6 15 10 5.6 -2.2
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 -22 10.7 +3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.4 47 -22 10.3 +2.5
IQDG WisdomTree International Quality Dividend Growth Fund 11.1 42 -17 5.8 -1.9
UMMA Wahed Dow Jones Islamic World ETF 11.0 65 -40 4.3 -3.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.9 58 -33 5.6 -2.2
FIDI Fidelity International High Dividend ETF 10.8 18 7 10.1 +2.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 10.6 65 -40 12.8 +5.1
JIG JPMorgan International Growth ETF 10.4 55 -30 4.3 -3.4
CLNR IQ Cleaner Transport ETF 10.0 45 -20 8.3 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 9.5 34 -9 10.6 +2.9
IQDE FlexShares International Quality Dividend Defensive Index ET 9.4 47 -22 10.7 +2.9
DGT SPDR Global Dow ETF 9.4 50 -25 6.7 -1.1
AVIV Avantis International Large Cap Value ETF 9.3 25 0 8.9 +1.2
IDHQ Invesco S&P International Developed High Quality ETF 9.1 29 -4 5.8 -2.0
ACWV iShares MSCI Global Min Vol Factor ETF 8.9 20 5 6.7 -1.0
WRND IQ Global Equity R&D Leaders ETF 8.7 18 7 7.2 -0.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 8.4 68 -43 8.8 +1.1
IVAL Alpha Architect International Quantitative Value ETF 8.2 49 -24 5.8 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.9 30 -5 7.8 +0.0
CGXU Capital Group International Focus Equity ETF 7.7 54 -29 4.1 -3.6
WLDR Affinity World Leaders Equity ETF 7.7 67 -42 8.5 +0.8
KLDW Knowledge Leaders Developed World ETF 7.6 75 -50 4.9 -2.8
AIVI WisdomTree International AI Enhanced Value Fund 7.6 58 -33 8.0 +0.3
DRIV Global X Autonomous & Electric Vehicles ETF 7.6 68 -43 3.4 -4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.4 50 -25 5.1 -2.7
QWLD SPDR MSCI World StrategicFactors ETF 7.4 30 -5 6.1 -1.7
DSTX Distillate International Fundamental Stability & Value ETF 7.4 55 -30 8.0 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 7.4 25 0 5.8 -1.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 7.3 25 0 6.1 -1.7
VWID Virtus WMC International Dividend ETF 7.3 49 -24 9.4 +1.7
WWJD Inspire International ETF 7.1 80 -55 7.1 -0.6
BULD Pacer BlueStar Engineering the Future ETF 7.0 60 -35 1.2 -6.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.9 80 -55 5.6 -2.1
NXTG First Trust Indxx NextG ETF 6.5 70 -45 6.0 -1.8
CARZ First Trust NASDAQ Global Auto Index Fund 6.5 70 -45 3.5 -4.3
LVHI Franklin International Low Volatility High Dividend Index ET 6.4 40 -15 10.2 +2.4
DWX SPDR S&P International Dividend ETF 6.2 45 -20 7.1 -0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 6.2 42 -17 5.1 -2.6
URTH iShares MSCI World ETF 6.0 24 1 5.4 -2.4
JSTC Adasina Social Justice All Cap Global ETF 5.7 89 -64 4.8 -3.0
QTUM Defiance Quantum ETF 5.5 40 -15 3.9 -3.8
IBOT Vaneck Robotics ETF 5.4 47 -22 3.7 -4.0
OSEA Harbor International Compounders ETF 5.4 55 -30 3.7 -4.0
BKCI BNY Mellon Concentrated International ETF 5.4 80 -55 5.2 -2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.4 20 5 5.6 -2.1
ACWI iShares MSCI ACWI ETF 5.4 32 -7 5.5 -2.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 5.3 9 16 9.8 +2.0
DTH WisdomTree International High Dividend Fund 5.2 58 -33 10.1 +2.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.1 9 16 5.7 -2.0
IXG iShares Global Financials ETF 5.1 42 -17 6.8 -0.9
KXI iShares Global Consumer Staples ETF 5.0 41 -16 5.6 -2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.9 42 -17 6.8 -0.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 4.8 20 5 10.7 +3.0
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -34 12.0 +4.2
GCOW Pacer Global Cash Cows Dividend ETF 4.7 60 -35 13.6 +5.9
NTZG Nuveen Global Net Zero Transition ETF 4.6 56 -31 4.9 -2.8
GLOF iShares Global Equity Factor ETF 4.6 20 5 7.1 -0.7
IXP iShares Global Comm Services ETF 4.6 42 -17 5.3 -2.4
IPKW Invesco International BuyBack Achievers ETF 4.5 55 -30 9.1 +1.3
VT Vanguard Total World Stock ETF 4.5 7 18 5.8 -1.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.4 75 -50 3.2 -4.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.4 65 -40 1.6 -6.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.3 47 -22 5.9 -1.8
SDG iShares MSCI Global Sustainable Development Goals ETF 4.2 49 -24 5.8 -2.0
ROBO ROBO Global Robotics & Automation Index ETF 4.2 95 -70 2.8 -4.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.2 12 13 5.1 -2.7
BLES Inspire Global Hope ETF 4.1 61 -36 6.3 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 4.0 75 -50 5.3 -2.5
IXJ iShares Global Healthcare ETF 4.0 42 -17 6.1 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 4.0 39 -14 6.9 -0.8
SXUS Janus Henderson International Sustainable Equity ETF 4.0 60 -35 4.6 -3.2
DINT Davis Select International ETF 3.8 55 -30 4.7 -3.0
FID First Trust S&P International Dividend Aristocrats ETF 3.8 60 -35 9.8 +2.1
ARVR First Trust Indxx Metaverse ETF 3.7 70 -45 2.5 -5.2
KNCT Invesco Next Gen Connectivity ETF 3.6 40 -15 5.9 -1.9
IXN iShares Global Tech ETF 3.6 41 -16 4.3 -3.4
TEMP JPMorgan Climate Change Solutions ETF 3.6 49 -24 4.7 -3.1
WDIV SPDR S&P Global Dividend ETF 3.5 40 -15 10.2 +2.5
GINN Goldman Sachs Innovate Equity ETF 3.5 52 -27 2.7 -5.0
MXI iShares Global Materials ETF 3.4 41 -16 6.6 -1.1
TTAI FCF International Quality ETF 3.3 59 -34 7.4 -0.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.3 45 -20 4.9 -2.8
BNE Blue Horizon BNE ETF 3.3 87 -62 5.0 -2.8
IDOG ALPS International Sector Dividend Dogs ETF 3.2 50 -25 11.6 +3.9
BTEK Future Tech ETF 3.1 88 -63 2.1 -5.7
BOTZ Global X Robotics & Artificial Intelligence ETF 3.1 69 -44 2.3 -5.4
XT iShares Exponential Technologies ETF 3.1 46 -21 3.9 -3.9
METV Roundhill Ball Metaverse ETF 3.0 59 -34 3.4 -4.4
HYDR Global X Hydrogen ETF 3.0 50 -25 -13.6 -21.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.0 39 -14 12.7 +4.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.9 75 -50 5.2 -2.5
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.8 47 -22 0.7 -7.1
IOO iShares Global 100 ETF 2.8 41 -16 4.8 -2.9
RAYD Rayliant Quantitative Developed Market Equity ETF 2.7 80 -55 4.5 -3.2
IGPT Invesco AI and Next Gen Software ETF 2.7 60 -35 3.8 -4.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.6 45 -20 6.2 -1.5
SCHY Schwab International Dividend Equity ETF 2.6 14 11 9.3 +1.5
GDVD R3 Global Dividend Growth ETF 2.5 88 -63 5.8 -1.9
CID VictoryShares International High Div Volatility Wtd ETF 2.3 45 -20 9.5 +1.7
AGQI First Trust Active Global Quality Income ETF 2.3 85 -60 5.8 -1.9
IQM Franklin Intelligent Machines ETF 2.2 50 -25 3.1 -4.7
NERD Roundhill Video Games ETF 2.1 50 -25 8.0 +0.3
IVRS iShares Future Metaverse Tech and Communications ETF 2.1 47 -22 -5.3 -13.1
ESPO VanEck Video Gaming and eSports ETF 2.0 56 -31 4.5 -3.3
ODDS Pacer BlueStar Digital Entertainment ETF 2.0 60 -35 3.0 -4.7
CGGO Capital Group Global Growth Equity ETF 2.0 47 -22 4.3 -3.4
JXI iShares Global Utilities ETF 2.0 43 -18 6.7 -1.1
WPS iShares International Developed Property ETF 2.0 48 -23 7.2 -0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.0 12 13 8.7 +1.0
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 -32 9.7 +1.9
GSFP Goldman Sachs Future Planet Equity ETF 1.9 75 -50 4.5 -3.2
FIXT Procure Disaster Recovery Strategy ETF 1.9 75 -50 5.7 -2.1
GDOC Goldman Sachs Future Health Care Equity ETF 1.9 75 -50 3.2 -4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.9 49 -24 6.7 -1.1
FAN First Trust Global Wind Energy ETF 1.9 60 -35 5.5 -2.2
CANC Tema Oncology ETF 1.8 75 -50 -4.4 -12.1
DTEC ALPS Disruptive Technologies ETF 1.8 50 -25 3.3 -4.5
HERO Global X Video Games & Esports ETF 1.8 50 -25 5.1 -2.7
GGME Invesco Next Gen Media and Gaming ETF 1.8 60 -35 4.1 -3.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 -43 5.3 -2.5
HJEN Direxion Hydrogen ETF 1.8 45 -20 -3.2 -10.9
BATT Amplify Lithium & Battery Technology ETF 1.7 59 -34 2.9 -4.8
AGNG Global X Aging Population ETF 1.6 50 -25 4.1 -3.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 15 8.2 +0.4
IDNA iShares Genomics Immunology and Healthcare ETF 1.6 47 -22 -5.2 -12.9
SHPP Pacer Industrials and Logistics ETF 1.6 60 -35 8.9 +1.1
URA Global X Uranium ETF 1.6 69 -44 3.9 -3.9
CRAK VanEck Oil Refiners ETF 1.6 61 -36 13.1 +5.3
EV Mast Global Battery Recycling & Production ETF 1.5 65 -40 12.8 +5.0
BECO BlackRock Future Climate and Sustainable Economy ETF 1.5 70 -45 13.7 +6.0
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 -33 11.6 +3.9
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 -20 3.3 -4.4
DEW WisdomTree Global High Dividend Fund 1.4 58 -33 9.1 +1.4
CGV Conductor Global Equity Value ETF 1.4 130 -105 11.3 +3.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -40 8.4 +0.6
HAP VanEck Natural Resources ETF 1.3 50 -25 9.5 +1.7
IFGL iShares International Developed Real Estate ETF 1.3 48 -23 7.0 -0.7
AIQ Global X Artificial Intelligence & Technology ETF 1.3 68 -43 4.2 -3.6
JRNY ALPS Global Travel Beneficiaries ETF 1.2 65 -40 0.0 -7.7
GQRE FlexShares Global Quality Real Estate Index Fund 1.2 45 -20 6.9 -0.9
ERET iShares Environmentally Aware Real Estate ETF 1.2 30 -5 7.3 -0.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 -14 11.0 +3.2
FPXI First Trust International Equity Opportunities ETF 1.2 70 -45 3.6 -4.1
IWFH iShares Virtual Work and Life Multisector ETF 1.1 47 -22 -3.5 -11.2
FPAG FPA Global Equity ETF 1.1 49 -24 5.7 -2.1
FMET Fidelity Metaverse ETF 1.1 39 -14 4.4 -3.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 -33 4.6 -3.2
MOTO SmartETFs Smart Transportation & Technology ETF 1.1 68 -43 6.6 -1.1
OCEN IQ Clean Oceans ETF 1.1 45 -20 5.3 -2.5
FILL iShares MSCI Global Energy Producers ETF 1.1 39 -14 9.0 +1.3
TMFG Motley Fool Global Opportunities ETF 1.1 85 -60 3.3 -4.5
SEA U.S. Global Sea to Sky Cargo ETF 1.0 60 -35 24.1 +16.3
FDVV Fidelity High Dividend ETF 1.0 15 10 8.9 +1.2
IQRA IQ CBRE Real Assets ETF 1.0 65 -40 5.9 -1.8
RWO SPDR Dow Jones Global Real Estate ETF 1.0 50 -25 6.9 -0.8
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -34 7.2 -0.5
CHAT Roundhill Generative AI & Technology ETF 1.0 75 -50 4.2 -3.5
LIT Global X Lithium & Battery Tech ETF 1.0 75 -50 10.2 +2.5
SAGP Strategas Global Policy Opportunities ETF 0.9 65 -40 4.5 -3.2
WDNA WisdomTree BioRevolution Fund 0.9 45 -20 -4.5 -12.3
SANE Subversive Mental Health ETF 0.9 75 -50 0.0 -7.7
TINY ProShares Nanotechnology ETF 0.9 58 -33 1.9 -5.9
IXC iShares Global Energy ETF 0.9 44 -19 8.2 +0.5
SCJ iShares MSCI Japan Small-Cap ETF 0.8 50 -25 6.4 -1.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.8 46 -21 5.6 -2.2
PSP Invesco Global Listed Private Equity ETF 0.8 106 -81 9.1 +1.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.8 72 -47 2.2 -5.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -31 13.9 +6.2
AZTD Aztlan Global Stock Selection DM SMID ETF 0.7 75 -50 6.6 -1.1
GNR SPDR S&P Global Natural Resources ETF 0.7 40 -15 9.2 +1.4
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 -22 4.5 -3.2
FDRR Fidelity Dividend ETF for Rising Rates 0.7 15 10 7.9 +0.2
BCDF Horizon Kinetics Blockchain Development ETF 0.6 85 -60 -0.7 -8.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.6 85 -60 4.9 -2.9
SNSR Global X Internet of Things ETF 0.6 68 -43 4.3 -3.5
TRFK Pacer Data and Digital Revolution ETF 0.6 60 -35 4.0 -3.7
OND ProShares On-Demand ETF 0.6 58 -33 -2.5 -10.2
HDRO Defiance Next Gen H2 ETF 0.6 30 -5 -11.1 -18.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 -15 0.0 -7.7
MOTG VanEck Morningstar Global Wide Moat ETF 0.5 52 -27 5.8 -2.0
BOAT SonicShares Global Shipping ETF 0.5 69 -44 29.1 +21.4
IDRV iShares Self-driving EV & Tech ETF 0.5 47 -22 -0.5 -8.3
MOTI VanEck Morningstar International Moat ETF 0.5 58 -33 6.9 -0.8
VIDI Vident International Equity Strategy ETF 0.5 61 -36 11.9 +4.2
ARKX ARK Space Exploration & Innovation ETF 0.5 75 -50 1.7 -6.0
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -37 3.7 -4.1
REET iShares Global REIT ETF 0.4 14 11 7.1 -0.6
AVRE Avantis Real Estate ETF 0.4 17 8 6.6 -1.1
DFGR Dimensional Global Real Estate ETF 0.4 22 3 7.1 -0.7
SUPL ProShares Supply Chain Logistics ETF 0.4 58 -33 13.1 +5.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.4 68 -43 1.1 -6.6
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -45 9.1 +1.4
GLIF AGF Global Infrastructure ETF 0.4 45 -20 5.5 -2.3
CRUZ Defiance Hotel Airline and Cruise ETF 0.4 45 -20 -4.9 -12.7
JETS U.S. Global Jets ETF 0.4 60 -35 -15.6 -23.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.3 45 -20 1.4 -6.4
IBLC iShares Blockchain and Tech ETF 0.3 47 -22 -1.0 -8.7
HART IQ Healthy Hearts ETF 0.3 45 -20 5.3 -2.4
ISHP First Trust Nasdaq Retail ETF 0.3 60 -35 3.2 -4.6
CLOD Themes Cloud Computing ETF 0.3 35 -10 3.7 -4.1
BUG Global X Cybersecurity ETF 0.3 51 -26 2.4 -5.3
IHAK iShares Cybersecurity & Tech ETF 0.3 47 -22 3.2 -4.6
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.3 60 -35 3.8 -3.9
MVPS Amplify Thematic All-Stars ETF 0.3 49 -24 1.7 -6.1
WCBR WisdomTree Cybersecurity Fund 0.3 45 -20 1.9 -5.9
XDAT Franklin Exponential Data ETF 0.3 50 -25 2.9 -4.9
SPAM Themes Cybersecurity ETF 0.3 35 -10 2.0 -5.8
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 -35 3.9 -3.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 -22 5.2 -2.5
TINT ProShares Smart Materials ETF 0.3 58 -33 5.6 -2.1
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -40 2.8 -5.0
WOOD iShares Global Timber & Forestry ETF 0.3 42 -17 9.6 +1.9
CUT Invesco MSCI Global Timber ETF 0.3 61 -36 8.6 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -21 8.8 +1.1
LUXX Roundhill S&P Global Luxury ETF 0.2 45 -20 2.7 -5.0
IBUY Amplify Online Retail ETF 0.2 65 -40 1.8 -6.0
ICLN iShares Global Clean Energy ETF 0.2 41 -16 4.3 -3.5
LNGG Roundhill Alerian LNG ETF 0.2 65 -40 8.5 +0.8
FICS First Trust International Developed Capital Strength ETF 0.2 70 -45 6.1 -1.6
KOIN Capital Link Global Fintech Leaders ETF 0.2 75 -50 4.6 -3.1
IVES Wedbush ETFMG Global Cloud Technology ETF 0.2 68 -43 1.4 -6.3
BLOK Amplify Transformational Data Sharing ETF 0.2 75 -50 1.1 -6.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 -22 5.3 -2.4
DTRE First Trust Alerian Disruptive Technology Real Estate ETF 0.1 60 -35 3.9 -3.9
BKCH Global X Blockchain ETF 0.1 50 -25 -5.2 -12.9
STCE Schwab Crypto Thematic ETF 0.1 30 -5 -8.0 -15.7
KROP Global X AgTech & Food Innovation ETF 0.1 50 -25 4.7 -3.1
IVEG iShares Emergent Food and AgTech Multisector ETF 0.1 47 -22 8.3 +0.5
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -14 9.2 +1.5
EATV VegTech Plant-based Innovation & Climate ETF 0.1 75 -50 1.0 -6.7
PIO Invesco Global Water ETF 0.1 75 -50 4.9 -2.8
KCAL Subversive Food Security ETF 0.1 75 -50 0.0 -7.7
MOO VanEck Agribusiness ETF 0.1 53 -28 9.4 +1.6
ROOF IQ CBRE NextGen Real Estate ETF 0.1 60 -35 7.9 +0.2
WTRE WisdomTree New Economy Real Estate Fund 0.1 58 -33 5.0 -2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -61 1.9 -5.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.1 86 -61 1.9 -5.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.1 60 -35 0.9 -6.8
SOCL Global X Social Media ETF 0.1 65 -40 -5.8 -13.5
LOUP Innovator Deepwater Frontier Tech ETF 0.1 70 -45 2.3 -5.4
BUYZ Franklin Disruptive Commerce ETF 0.1 50 -25 2.1 -5.7
PRNT 3D Printing ETF 0.1 66 -41 -4.1 -11.8
INDS Pacer Industrial Real Estate ETF 0.1 55 -30 6.2 -1.5
EBIZ Global X E-Commerce ETF 0.1 50 -25 1.2 -6.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 -36 -4.0 -11.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 -36 -13.0 -20.7
MRAD SmartETFs Advertising & Marketing Technology ETF 0.0 68 -43 4.2 -3.6
OGIG ALPS O'Shares Global Internet Giants ETF 0.0 48 -23 0.5 -7.3
ARKF ARK Fintech Innovation ETF 0.0 75 -50 -2.2 -10.0
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.0 75 -50 4.9 -2.9
RITA ETFB Green SRI REITs ETF 0.0 50 -25 6.0 -1.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.0 80 -55 11.0 +3.3
GMET VanEck Green Metals ETF 0.0 63 -38 9.8 +2.1
COPX Global X Copper Miners ETF 0.0 65 -40 6.9 -0.8
DMAT Global X Disruptive Materials ETF 0.0 59 -34 9.9 +2.2
AVDV Avantis International Small Cap Value ETF 0.0 36 -11 8.0 +0.2

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

  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:		 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 9.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.51
 
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.