Goldman Sachs ActiveBeta Japan Equity ETF
ALTAR
Score™		 7.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.9x P/Sales
ratio		 0.6x
P/BV
ratio		 1.2x 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) $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 198
Wgt avg mkt cap (mns) $47,337
Large cap (>$10bn) 73.8%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.5 %
MITSUBISHI UFJ FINANCIAL GRO 2.8 %
HITACHI LTD 2.5 %
TOKYO ELECTRON LTD 2.4 %
SONY CORP 2.0 %
SUMITOMO MITSUI FINANCIAL GR 2.0 %
MITSUBISHI CORP 1.9 %
MITSUI & CO LTD 1.7 %
KEYENCE CORP 1.7 %
RECRUIT HOLDINGS CO LTD 1.5 %
Total 23.1 %

TOP COUNTRY EXPOSURE
JAPAN 97.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 8.9% 5.4% -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.69 63%
MSCI EAFE 0.79 77%
MSCI Emg. Mkts. 0.69 60%

Technical Indicators
Recent close $37.26
30d moving avg. $38.19
Annualized volatility 15.6%
Short interest (ETF) 0.3%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $19,696

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 336 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 81.2 50 -25 7.1 -0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 80.7 47 -22 6.9 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 80.7 19 6 6.9 -0.8
FLJP Franklin FTSE Japan ETF 75.7 9 16 7.0 -0.8
FLJH Franklin FTSE Japan Hedged ETF 75.2 9 16 7.3 -0.5
JPXN iShares JPX-Nikkei 400 ETF 72.4 48 -23 7.8 +0.0
DXJ WisdomTree Japan Hedged Equity Fund 57.9 48 -23 8.1 +0.4
EWJV iShares MSCI Japan Value ETF 55.8 15 10 8.6 +0.8
IPAC iShares Core MSCI Pacific ETF 53.7 9 16 6.8 -0.9
IDMO Invesco S&P International Developed Momentum ETF 48.0 25 0 7.6 -0.2
VPL Vanguard FTSE Pacific ETF 45.5 8 17 6.9 -0.8
IMTM iShares MSCI Intl Momentum Factor ETF 42.2 30 -5 6.6 -1.2
FJP First Trust Japan AlphaDEX Fund 38.2 80 -55 10.8 +3.0
IVLU iShares MSCI Intl Value Factor ETF 29.8 30 -5 11.0 +3.2
DMXF iShares ESG Advanced MSCI EAFE ETF 25.0 12 13 5.1 -2.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 24.8 35 -10 6.2 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.1 14 11 5.8 -1.9
EFG iShares MSCI EAFE Growth ETF 22.9 36 -11 4.3 -3.4
ESGD iShares ESG Aware MSCI EAFE ETF 22.9 20 5 6.4 -1.3
EFA iShares MSCI EAFE ETF 22.9 35 -10 6.5 -1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.8 20 5 6.1 -1.7
ISZE iShares MSCI Intl Size Factor ETF 22.7 30 -5 6.7 -1.0
IQIN IQ 500 International ETF 22.7 25 0 8.7 +1.0
JHMD John Hancock Multifactor Developed International ETF 22.7 39 -14 7.4 -0.3
UIVM VictoryShares International Value Momentum ETF 22.6 35 -10 10.5 +2.7
EFV iShares MSCI EAFE Value ETF 22.6 34 -9 8.9 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 22.2 25 0 9.3 +1.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 22.2 80 -55 8.1 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 22.1 20 5 6.7 -1.1
HFXI IQ FTSE International Equity Currency Neutral ETF 21.9 20 5 6.8 -0.9
IQSI IQ Candriam International Equity ETF 21.7 15 10 6.4 -1.4
DIVI Franklin International Core Dividend Tilt Index ETF 21.7 9 16 7.6 -0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 21.5 30 -5 6.7 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.8 36 -11 6.5 -1.2
FENI Fidelity Enhanced International ETF 20.5 28 -3 8.0 +0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.5 25 0 7.0 -0.7
JIRE JPMorgan International Research Enhanced Equity ETF 20.4 24 1 6.8 -0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 19.8 22 3 5.9 -1.8
IEFA iShares Core MSCI EAFE ETF 19.7 7 18 6.7 -1.0
BKIE BNY Mellon International Equity ETF 19.7 4 21 6.9 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.5 45 -20 8.6 +0.9
DIHP Dimensional International High Profitability ETF 19.0 29 -4 7.4 -0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 18.7 83 -58 8.8 +1.0
SCHF Schwab International Equity ETF 18.6 6 19 7.1 -0.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 18.4 51 -26 6.7 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 18.4 3 22 6.8 -0.9
CIL VictoryShares International Volatility Wtd ETF 18.3 45 -20 6.8 -0.9
FIVA Fidelity International Value Factor ETF 18.2 18 7 9.8 +2.1
VIGI Vanguard International Dividend Appreciation ETF 18.1 15 10 5.7 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.0 39 -14 7.2 -0.5
TPIF Timothy Plan International ETF 17.7 62 -37 6.5 -1.2
IDEV iShares Core MSCI International Developed Markets ETF 17.6 4 21 6.8 -1.0
IGRO iShares International Dividend Growth ETF 17.6 15 10 7.1 -0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 17.5 34 -9 10.8 +3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 16.9 24 1 8.3 +0.6
JPIN J.P. Morgan Diversified Return International Equity ETF 16.8 37 -12 8.5 +0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.8 20 5 6.8 -1.0
INTF iShares International Equity Factor ETF 16.7 15 10 8.0 +0.2
DFAI Dimensional International Core Equity Market ETF 16.4 18 7 7.0 -0.8
VEA Vanguard FTSE Developed Markets ETF 16.4 5 20 6.9 -0.9
DFIV Dimensional International Value ETF 16.2 27 -2 9.8 +2.0
QINT American Century Quality Diversified International ETF 16.1 39 -14 7.7 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 16.1 31 -6 6.3 -1.5
DOL WisdomTree International LargeCap Dividend Fund 15.6 48 -23 7.7 -0.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 15.1 65 -40 5.8 -1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 14.9 32 -7 5.7 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.8 40 -15 7.9 +0.1
DWM WisdomTree International Equity Fund 14.7 48 -23 7.8 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 14.5 34 -9 6.8 -1.0
CWI SPDR MSCI ACWI ex-US ETF 14.5 30 -5 6.7 -1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.6 41 -16 6.7 -1.1
DWMF WisdomTree International Multifactor Fund 13.4 38 -13 7.4 -0.4
EXI iShares Global Industrials ETF 13.4 42 -17 4.9 -2.9
FDEV Fidelity International Multifactor ETF 13.1 18 7 7.4 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.9 29 -4 8.6 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.8 39 -14 7.7 -0.1
JIG JPMorgan International Growth ETF 12.8 55 -30 4.3 -3.5
DFSI Dimensional International Sustainability Core 1 ETF 12.7 24 1 6.1 -1.6
IQLT iShares MSCI Intl Quality Factor ETF 12.7 30 -5 6.0 -1.8
DIM WisdomTree International MidCap Dividend Fund 12.7 58 -33 7.5 -0.2
IXUS iShares Core MSCI Total International Stock ETF 12.3 7 18 7.0 -0.7
VYMI Vanguard International High Dividend Yield ETF 12.2 22 3 9.6 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 12.1 8 17 7.0 -0.8
JHID John Hancock International High Dividend ETF 12.1 46 -21 11.0 +3.3
RXI iShares Global Consumer Discretionary ETF 11.9 41 -16 5.8 -2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.9 47 -22 9.1 +1.4
UMMA Wahed Dow Jones Islamic World ETF 11.9 65 -40 4.6 -3.2
VSGX Vanguard ESG International Stock ETF 11.8 12 13 6.5 -1.2
DFIC Dimensional International Core Equity 2 ETF 11.7 23 2 7.5 -0.3
RODE Hartford Multifactor Diversified International ETF 11.7 29 -4 11.4 +3.7
AVDE Avantis International Equity ETF 11.6 23 2 7.8 +0.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.0 80 -55 5.2 -2.5
IDHQ Invesco S&P International Developed High Quality ETF 10.9 29 -4 6.2 -1.5
IQDF FlexShares International Quality Dividend Index Fund 10.6 47 -22 8.9 +1.2
FIDI Fidelity International High Dividend ETF 10.5 18 7 10.4 +2.7
AVIV Avantis International Large Cap Value ETF 10.5 25 0 8.8 +1.1
VXUS Vanguard Total International Stock ETF 10.4 7 18 6.9 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 10.4 42 -17 6.1 -1.6
VWID Virtus WMC International Dividend ETF 10.2 49 -24 9.2 +1.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.1 58 -33 6.0 -1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.8 65 -40 12.3 +4.5
CLNR IQ Cleaner Transport ETF 9.3 45 -20 6.3 -1.4
DGT SPDR Global Dow ETF 9.2 50 -25 6.6 -1.1
IQDE FlexShares International Quality Dividend Defensive Index ET 9.2 47 -22 8.2 +0.5
ACWV iShares MSCI Global Min Vol Factor ETF 9.1 20 5 6.2 -1.5
DSTX Distillate International Fundamental Stability & Value ETF 8.6 55 -30 8.6 +0.9
WLDR Affinity World Leaders Equity ETF 8.4 67 -42 8.4 +0.7
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 8.2 68 -43 8.3 +0.5
IMOM Alpha Architect International Quantitative Momentum ETF 8.1 49 -24 7.3 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.9 30 -5 7.9 +0.1
KLDW Knowledge Leaders Developed World ETF 7.8 75 -50 4.8 -3.0
IVAL Alpha Architect International Quantitative Value ETF 7.6 49 -24 10.2 +2.5
CGXU Capital Group International Focus Equity ETF 7.5 54 -29 5.1 -2.7
BULD Pacer BlueStar Engineering the Future ETF 7.5 60 -35 1.2 -6.5
WRND IQ Global Equity R&D Leaders ETF 7.5 18 7 7.1 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 7.4 30 -5 5.9 -1.9
AIVI WisdomTree International AI Enhanced Value Fund 7.1 58 -33 8.0 +0.2
DRIV Global X Autonomous & Electric Vehicles ETF 7.1 68 -43 5.7 -2.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.0 50 -25 5.0 -2.8
ESGG FlexShares STOXX Global ESG Select Index Fund 6.9 42 -17 5.2 -2.5
NXTG First Trust Indxx NextG ETF 6.8 70 -45 5.9 -1.9
EQIN Columbia US Equity Income ETF 6.7 35 -10 8.5 +0.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.7 80 -55 3.5 -4.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 6.4 25 0 5.7 -2.0
WWJD Inspire International ETF 6.4 80 -55 6.9 -0.8
DWX SPDR S&P International Dividend ETF 6.1 45 -20 6.6 -1.1
GCOW Pacer Global Cash Cows Dividend ETF 5.9 60 -35 12.1 +4.4
URTH iShares MSCI World ETF 5.8 24 1 5.4 -2.4
OSEA Harbor International Compounders ETF 5.7 55 -30 3.9 -3.8
IDLV Invesco S&P International Developed Low Volatility ETF 5.6 25 0 5.8 -1.9
IXG iShares Global Financials ETF 5.6 42 -17 6.6 -1.1
CARZ First Trust NASDAQ Global Auto Index Fund 5.4 70 -45 2.9 -4.8
QTUM Defiance Quantum ETF 5.4 40 -15 4.4 -3.4
DTH WisdomTree International High Dividend Fund 5.3 58 -33 10.0 +2.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.3 20 5 5.3 -2.5
LVHI Franklin International Low Volatility High Dividend Index ET 5.3 40 -15 10.3 +2.6
ACWI iShares MSCI ACWI ETF 5.2 32 -7 5.5 -2.3
IBOT Vaneck Robotics ETF 5.2 47 -22 3.7 -4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.0 9 16 5.7 -2.1
BKCI BNY Mellon Concentrated International ETF 5.0 80 -55 3.8 -3.9
FYLD Cambria Foreign Shareholder Yield ETF 4.8 59 -34 12.2 +4.4
GLOF iShares Global Equity Factor ETF 4.8 20 5 7.2 -0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.7 75 -50 3.1 -4.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.6 65 -40 1.3 -6.5
IPKW Invesco International BuyBack Achievers ETF 4.5 55 -30 9.5 +1.8
KXI iShares Global Consumer Staples ETF 4.5 41 -16 5.5 -2.2
VT Vanguard Total World Stock ETF 4.5 7 18 5.8 -2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 4.4 9 16 9.5 +1.8
BTEK Future Tech ETF 4.3 88 -63 2.3 -5.5
IXP iShares Global Comm Services ETF 4.3 42 -17 5.4 -2.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.3 12 13 4.8 -2.9
TEMP JPMorgan Climate Change Solutions ETF 4.2 49 -24 5.3 -2.5
FID First Trust S&P International Dividend Aristocrats ETF 4.1 60 -35 9.4 +1.7
JSTC Adasina Social Justice All Cap Global ETF 4.1 89 -64 4.9 -2.9
IXJ iShares Global Healthcare ETF 4.1 42 -17 5.8 -1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.1 42 -17 7.4 -0.3
BINV Brandes International ETF 4.0 70 -45 8.2 +0.5
FBOT Fidelity Disruptive Automation ETF 4.0 50 -25 3.8 -3.9
DINT Davis Select International ETF 4.0 55 -30 6.2 -1.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.8 45 -20 -0.5 -8.2
BNE Blue Horizon BNE ETF 3.8 87 -62 5.2 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.8 47 -22 5.7 -2.0
ROBO ROBO Global Robotics & Automation Index ETF 3.8 95 -70 3.3 -4.5
WDIV SPDR S&P Global Dividend ETF 3.7 40 -15 9.6 +1.8
CID VictoryShares International High Div Volatility Wtd ETF 3.7 45 -20 9.0 +1.3
BLES Inspire Global Hope ETF 3.7 61 -36 6.4 -1.4
MXI iShares Global Materials ETF 3.6 41 -16 6.8 -1.0
RAYD Rayliant Quantitative Developed Market Equity ETF 3.6 80 -55 4.5 -3.2
IXN iShares Global Tech ETF 3.5 41 -16 4.3 -3.4
SXUS Janus Henderson International Sustainable Equity ETF 3.5 60 -35 4.1 -3.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 3.5 20 5 10.2 +2.5
BNGE First Trust S-Network Streaming and Gaming ETF 3.4 70 -45 -2.1 -9.9
XT iShares Exponential Technologies ETF 3.4 46 -21 4.7 -3.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.4 49 -24 5.6 -2.2
KOCG FIS Knights of Columbus Global Belief ETF 3.3 75 -50 5.4 -2.4
ARVR First Trust Indxx Metaverse ETF 3.2 70 -45 1.7 -6.1
NTZG Nuveen Global Net Zero Transition ETF 3.2 56 -31 4.8 -3.0
KNCT Invesco Next Gen Connectivity ETF 3.2 40 -15 5.7 -2.1
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.1 47 -22 1.9 -5.8
METV Roundhill Ball Metaverse ETF 3.0 59 -34 3.4 -4.4
IDOG ALPS International Sector Dividend Dogs ETF 2.9 50 -25 11.5 +3.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.9 39 -14 13.1 +5.3
TTAI FCF International Quality ETF 2.9 59 -34 6.6 -1.2
IGPT Invesco AI and Next Gen Software ETF 2.8 60 -35 4.3 -3.5
GINN Goldman Sachs Innovate Equity ETF 2.8 52 -27 2.7 -5.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.8 39 -14 7.0 -0.8
BOTZ Global X Robotics & Artificial Intelligence ETF 2.7 69 -44 2.5 -5.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 2.5 45 -20 5.8 -1.9
AGQI First Trust Active Global Quality Income ETF 2.5 85 -60 5.4 -2.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.5 75 -50 5.0 -2.7
SCHY Schwab International Dividend Equity ETF 2.4 14 11 8.9 +1.2
HJEN Direxion Hydrogen ETF 2.4 45 -20 -6.7 -14.5
IOO iShares Global 100 ETF 2.4 41 -16 4.9 -2.9
URA Global X Uranium ETF 2.2 69 -44 3.2 -4.5
MINV Matthews Asia Innovators Active ETF 2.2 79 -54 1.0 -6.8
IVRS iShares Future Metaverse Tech and Communications ETF 2.2 47 -22 -3.9 -11.6
FPXI First Trust International Equity Opportunities ETF 2.2 70 -45 4.0 -3.7
CRAK VanEck Oil Refiners ETF 2.2 61 -36 13.9 +6.1
GDVD R3 Global Dividend Growth ETF 2.1 88 -63 5.6 -2.2
EV Mast Global Battery Recycling & Production ETF 2.0 65 -40 13.2 +5.4
FAN First Trust Global Wind Energy ETF 2.0 60 -35 5.3 -2.5
CGGO Capital Group Global Growth Equity ETF 2.0 47 -22 4.8 -3.0
HYDR Global X Hydrogen ETF 2.0 50 -25 -14.3 -22.0
IQM Franklin Intelligent Machines ETF 2.0 50 -25 3.5 -4.2
MDEV First Trust Indxx Medical Devices ETF 2.0 70 -45 4.3 -3.4
JXI iShares Global Utilities ETF 2.0 43 -18 6.3 -1.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.9 12 13 8.0 +0.2
WPS iShares International Developed Property ETF 1.9 48 -23 7.0 -0.8
CANC Tema Oncology ETF 1.8 75 -50 -4.1 -11.8
FIXT Procure Disaster Recovery Strategy ETF 1.8 75 -50 5.9 -1.8
GSFP Goldman Sachs Future Planet Equity ETF 1.8 75 -50 4.5 -3.3
FDTX Fidelity Disruptive Technology ETF 1.7 50 -25 3.0 -4.8
DTEC ALPS Disruptive Technologies ETF 1.7 50 -25 3.2 -4.6
ION ProShares S&P Global Core Battery Metals ETF 1.6 58 -33 13.0 +5.3
ESPO VanEck Video Gaming and eSports ETF 1.6 56 -31 4.2 -3.6
NERD Roundhill Video Games ETF 1.6 50 -25 7.0 -0.8
ODDS Pacer BlueStar Digital Entertainment ETF 1.6 60 -35 2.3 -5.5
JGLO JPMorgan Global Select Equity ETF 1.6 33 -8 4.5 -3.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 15 7.6 -0.1
CGV Conductor Global Equity Value ETF 1.6 130 -105 10.5 +2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 -14 12.7 +5.0
EFAS Global X MSCI SuperDividend EAFE ETF 1.5 57 -32 9.7 +2.0
DEW WisdomTree Global High Dividend Fund 1.4 58 -33 8.7 +0.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -40 8.3 +0.6
BECO BlackRock Future Climate and Sustainable Economy ETF 1.4 70 -45 12.8 +5.1
HERO Global X Video Games & Esports ETF 1.4 50 -25 4.3 -3.5
GGME Invesco Next Gen Media and Gaming ETF 1.4 60 -35 3.9 -3.9
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 -20 3.6 -4.1
IFGL iShares International Developed Real Estate ETF 1.3 48 -23 6.6 -1.1
SHPP Pacer Industrials and Logistics ETF 1.3 60 -35 8.5 +0.8
ERET iShares Environmentally Aware Real Estate ETF 1.3 30 -5 6.7 -1.0
LIT Global X Lithium & Battery Tech ETF 1.3 75 -50 14.0 +6.3
GQRE FlexShares Global Quality Real Estate Index Fund 1.2 45 -20 6.5 -1.3
AIQ Global X Artificial Intelligence & Technology ETF 1.2 68 -43 4.0 -3.7
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -43 7.1 -0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.2 49 -24 6.4 -1.3
AGNG Global X Aging Population ETF 1.2 50 -25 3.9 -3.8
FILL iShares MSCI Global Energy Producers ETF 1.2 39 -14 10.0 +2.3
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 -22 -4.0 -11.8
HAP VanEck Natural Resources ETF 1.1 50 -25 10.0 +2.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.1 58 -33 4.7 -3.0
TINY ProShares Nanotechnology ETF 1.1 58 -33 1.4 -6.4
FPAG FPA Global Equity ETF 1.0 49 -24 5.5 -2.3
IWFH iShares Virtual Work and Life Multisector ETF 1.0 47 -22 -4.2 -11.9
IXC iShares Global Energy ETF 1.0 44 -19 9.1 +1.4
GDOC Goldman Sachs Future Health Care Equity ETF 1.0 75 -50 3.4 -4.4
TMFG Motley Fool Global Opportunities ETF 1.0 85 -60 3.4 -4.4
IWTR iShares MSCI Water Management Multisector ETF 1.0 47 -22 4.9 -2.8
PSP Invesco Global Listed Private Equity ETF 0.9 106 -81 8.0 +0.2
HDRO Defiance Next Gen H2 ETF 0.9 30 -5 -13.0 -20.7
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 -25 6.3 -1.4
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 -34 6.6 -1.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.9 68 -43 4.2 -3.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -47 0.1 -7.6
CRTC Xtrackers US National Critical Technologies ETF 0.9 35 -10 5.4 -2.4
JRNY ALPS Global Travel Beneficiaries ETF 0.9 65 -40 -1.2 -9.0
WDNA WisdomTree BioRevolution Fund 0.9 45 -20 -3.7 -11.4
IQRA IQ CBRE Real Assets ETF 0.8 65 -40 5.5 -2.2
GNR SPDR S&P Global Natural Resources ETF 0.8 40 -15 9.8 +2.1
FDVV Fidelity High Dividend ETF 0.8 15 10 9.0 +1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -31 13.6 +5.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 -21 5.4 -2.4
SNSR Global X Internet of Things ETF 0.7 68 -43 4.3 -3.5
FDCF Fidelity Disruptive Communications ETF 0.7 50 -25 2.7 -5.0
CHAT Roundhill Generative AI & Technology ETF 0.7 75 -50 4.1 -3.7
MOTG VanEck Morningstar Global Wide Moat ETF 0.7 52 -27 5.7 -2.1
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 -22 4.4 -3.4
MVPS Amplify Thematic All-Stars ETF 0.6 49 -24 3.1 -4.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.6 85 -60 4.6 -3.2
BCDF Horizon Kinetics Blockchain Development ETF 0.6 85 -60 4.9 -2.8
MOTI VanEck Morningstar International Moat ETF 0.6 58 -33 6.2 -1.5
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -34 0.6 -7.2
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -40 5.3 -2.5
ARKX ARK Space Exploration & Innovation ETF 0.5 75 -50 2.2 -5.6
FDRR Fidelity Dividend ETF for Rising Rates 0.5 15 10 7.7 -0.1
SEA U.S. Global Sea to Sky Cargo ETF 0.5 60 -35 17.7 +9.9
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -20 -5.1 -12.8
JETS U.S. Global Jets ETF 0.5 60 -35 -15.6 -23.4
BOAT SonicShares Global Shipping ETF 0.5 69 -44 31.0 +23.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -45 10.0 +2.2
IDRV iShares Self-driving EV & Tech ETF 0.4 47 -22 -0.4 -8.2
HART IQ Healthy Hearts ETF 0.4 45 -20 5.2 -2.5
TRFK Pacer Data and Digital Revolution ETF 0.4 60 -35 4.6 -3.1
IBLC iShares Blockchain and Tech ETF 0.4 47 -22 -0.9 -8.7
VIDI Vident International Equity Strategy ETF 0.4 61 -36 11.9 +4.1
OCEN IQ Clean Oceans ETF 0.4 45 -20 5.6 -2.1
IBUY Amplify Online Retail ETF 0.3 65 -40 1.5 -6.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.3 68 -43 1.6 -6.2
LNGG Roundhill Alerian LNG ETF 0.3 65 -40 8.5 +0.8
REET iShares Global REIT ETF 0.3 14 11 6.6 -1.2
DFGR Dimensional Global Real Estate ETF 0.3 22 3 6.5 -1.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 -43 0.3 -7.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -37 3.2 -4.5
BUG Global X Cybersecurity ETF 0.3 51 -26 2.2 -5.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 -35 4.2 -3.5
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.3 60 -35 3.8 -4.0
IHAK iShares Cybersecurity & Tech ETF 0.3 47 -22 3.2 -4.5
WCBR WisdomTree Cybersecurity Fund 0.3 45 -20 2.0 -5.7
XDAT Franklin Exponential Data ETF 0.3 50 -25 3.0 -4.7
SPAM Themes Cybersecurity ETF 0.3 35 -10 2.0 -5.7
CLOD Themes Cloud Computing ETF 0.3 35 -10 3.7 -4.0
CGUS Capital Group Core Equity ETF 0.3 33 -8 4.6 -3.1
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -45 9.2 +1.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.3 45 -20 3.2 -4.6
LUXX Roundhill S&P Global Luxury ETF 0.3 45 -20 3.0 -4.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 -21 9.3 +1.5
SUPL ProShares Supply Chain Logistics ETF 0.3 58 -33 14.1 +6.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 -22 4.9 -2.8
AVRE Avantis Real Estate ETF 0.2 17 8 6.1 -1.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 -36 2.7 -5.1
BLOK Amplify Transformational Data Sharing ETF 0.2 75 -50 0.9 -6.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 -36 -1.0 -8.8
STCE Schwab Crypto Thematic ETF 0.2 30 -5 2.1 -5.7
TINT ProShares Smart Materials ETF 0.2 58 -33 5.6 -2.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 -22 8.0 +0.3
OND ProShares On-Demand ETF 0.2 58 -33 -2.2 -9.9
EATV VegTech Plant-based Innovation & Climate ETF 0.2 75 -50 3.6 -4.1
KROP Global X AgTech & Food Innovation ETF 0.2 50 -25 4.7 -3.0
MOO VanEck Agribusiness ETF 0.2 53 -28 9.6 +1.9
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -14 9.5 +1.7
IVEG iShares Emergent Food and AgTech Multisector ETF 0.2 47 -22 8.2 +0.5
PRNT 3D Printing ETF 0.1 66 -41 -1.2 -9.0
BUYZ Franklin Disruptive Commerce ETF 0.1 50 -25 2.2 -5.6
ICLN iShares Global Clean Energy ETF 0.1 41 -16 4.8 -3.0
PIO Invesco Global Water ETF 0.1 75 -50 5.8 -1.9
FDNI First Trust Dow Jones International Internet ETF 0.1 65 -40 3.0 -4.8
COPX Global X Copper Miners ETF 0.1 65 -40 8.0 +0.2
DMAT Global X Disruptive Materials ETF 0.1 59 -34 12.1 +4.3
GMET VanEck Green Metals ETF 0.1 63 -38 10.6 +2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.0 86 -61 2.0 -5.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.0 86 -61 1.6 -6.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.0 60 -35 0.5 -7.2
SOCL Global X Social Media ETF 0.0 65 -40 -6.1 -13.8
FMET Fidelity Metaverse ETF 0.0 39 -14 5.1 -2.7
FICS First Trust International Developed Capital Strength ETF 0.0 70 -45 4.3 -3.5
AVDV Avantis International Small Cap Value ETF 0.0 36 -11 7.7 -0.1

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 9.1 %
Divided by: Fwd. P/BV 1.1 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		 1.61 CATEGORY
AVERAGE		 1.61
 
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.