iShares Currency Hedged MSCI Japan ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
16.3x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Currency Hedged MSCI Japan ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities while mitigating exposure to fluctuations between the value of the Japanese yen and the U.S. dollar.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 31, 2014
Assets (mns) $504
Currency USD
Expense ratio 51 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust Co
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 2
Wgt avg mkt cap (mns) $51,976
Large cap (>$10bn) 79.6%
Mid cap ($2-10bn) 19.3%
Small cap (<$2bn) 0.0%
Developed mkts 99.3%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ISHARES MSCI JAPAN ETF 99.8 %
TOYOTA MOTOR CORP 2.4 %
SONY CORP 1.5 %
JPY CASH 1.5 %
KEYENCE CORP 1.2 %
SOFTBANK GROUP CORP. 1.1 %
RECRUIT HOLDINGS CO LTD 0.9 %
NINTENDO CO LTD 0.8 %
MITSUBISHI UFJ FINANCIAL GRO 0.8 %
TOKYO ELECTRON LTD 0.8 %
Total 110.9 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.9% 28.1% 10.5% -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 64%
MSCI EAFE 0.78 69%
MSCI Emg. Mkts. 0.54 40%

Technical Indicators
Recent close $38.32
30d moving avg. $38.39
Annualized volatility 17.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 192
Turnover 1.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $21,276

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 283 potential alternatives to the iShares Currency Hedged MSCI Japan ETF ETF based on the alternatives' overlap in portfolio holdings with HEWJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HEWJ Expense: 51 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HEWJ
Ticker Fund
Name
Overlap1
vs HEWJ
(%)
Expense
ratio
(bp)
Savings
vs HEWJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs HEWJ
(%)
HEWJ iShares Currency Hedged MSCI Japan ETF 49.4 51 0 6.3 0.0
FLJP Franklin FTSE Japan ETF 49.3 9 42 6.8 +0.5
FLJH Franklin FTSE Japan Hedged ETF 49.3 9 42 6.7 +0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 49.2 46 5 6.3 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 49.1 19 32 6.6 +0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 48.5 25 26 6.6 +0.3
IPAC iShares Core MSCI Pacific ETF 48.4 9 42 6.4 +0.2
ZJPN SPDR Solactive Japan ETF 48.0 14 37 0.0 -6.3
VPL Vanguard FTSE Pacific ETF 45.2 8 43 6.5 +0.3
JPXN iShares JPX-Nikkei 400 ETF 45.2 48 3 6.4 +0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 45.0 9 42 6.7 +0.4
HJPX iShares Currency Hedged JPX-Nikkei 400 ETF 41.7 48 3 6.3 +0.0
EWJE iShares MSCI Japan Equal Weighted ETF 38.0 15 36 6.3 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 33.3 48 3 7.4 +1.2
DFAI Dimensional International Core Equity Market ETF 31.2 18 33 6.2 -0.1
EWJV iShares MSCI Japan Value ETF 28.6 15 36 8.8 +2.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 27.5 35 16 6.3 -0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 26.5 12 39 6.3 +0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.0 14 37 6.0 -0.3
EFV iShares MSCI EAFE Value ETF 23.5 39 12 8.3 +2.0
IVLU iShares Edge MSCI Intl Value Factor ETF 23.5 30 21 9.9 +3.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.1 20 31 6.4 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 22.9 20 31 6.2 -0.1
JHMD John Hancock Multifactor Developed International ETF 22.8 39 12 6.4 +0.1
EFA iShares MSCI EAFE ETF 22.7 32 19 6.4 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 22.5 30 21 6.2 -0.1
IQSI IQ Candriam ESG International Equity ETF 22.4 15 36 6.5 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 22.3 20 31 6.5 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.1 36 15 5.9 -0.4
EFG iShares MSCI EAFE Growth ETF 22.1 40 11 4.4 -1.8
BKIE BNY Mellon International Equity ETF 21.9 4 47 6.7 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 21.8 30 21 6.3 +0.0
ESGD iShares MSCI EAFE ESG Optimized ETF 21.6 20 31 6.4 +0.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 20.9 29 22 7.3 +1.0
IQIN IQ 500 International ETF 20.8 25 26 7.6 +1.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.6 7 44 6.6 +0.3
IDMO Invesco S&P International Developed Momentum ETF 19.4 25 26 4.4 -1.8
IEFA iShares Core MSCI EAFE ETF 19.2 7 44 6.5 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 19.0 25 26 7.8 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.9 40 11 7.0 +0.7
SCHF Schwab International Equity ETF 18.7 6 45 6.6 +0.3
PDEV Principal International Multi-Factor Core Index ETF 18.4 25 26 6.9 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 18.2 4 47 6.3 0.0
FJP First Trust Japan AlphaDEX Fund 18.2 80 -29 8.1 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.0 39 12 6.0 -0.3
DWM WisdomTree International Equity Fund 17.7 48 3 7.0 +0.7
RESD WisdomTree International ESG Fund 17.4 30 21 6.1 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.2 25 26 6.1 -0.2
DOL WisdomTree International LargeCap Dividend Fund 17.1 48 3 6.9 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 16.8 45 6 6.5 +0.2
VEA Vanguard FTSE Developed Markets ETF 16.8 5 46 6.4 +0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 16.6 45 6 6.5 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 16.5 5 46 6.5 +0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 16.3 83 -32 5.5 -0.8
RBIN Nationwide Risk-Based International Equity ETF 16.2 42 9 5.9 -0.4
TPIF Timothy Plan International ETF 16.0 62 -11 6.2 -0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 15.5 24 27 6.8 +0.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 15.4 23 28 6.4 +0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 15.3 35 16 8.3 +2.0
VSGX Vanguard ESG International Stock ETF 14.9 17 34 6.3 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.6 45 6 7.3 +1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.4 16 35 6.0 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 14.2 34 17 7.4 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 14.2 32 19 6.5 +0.2
CWI SPDR MSCI ACWI ex-US ETF 14.1 30 21 6.4 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 43 6.6 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.8 41 10 6.1 -0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 13.4 30 21 5.0 -1.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 13.3 20 31 5.0 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.9 39 12 7.0 +0.7
VXUS Vanguard Total International Stock ETF 12.5 8 43 6.5 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 12.4 37 14 7.6 +1.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 12.3 30 21 5.5 -0.8
AVDE Avantis International Equity ETF 12.0 23 28 6.8 +0.5
VWID Virtus WMC International Dividend ETF 11.9 49 2 7.4 +1.1
IXUS ishares Core MSCI Total International Stock ETF 11.9 9 42 6.6 +0.3
QINT American Century Quality Diversified International ETF 11.8 39 12 6.6 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 11.6 25 26 5.9 -0.3
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 11.4 35 16 6.3 0.0
HEFA iShares Currency Hedged MSCI EAFE ETF 11.3 35 16 6.2 -0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 11.3 45 6 5.9 -0.3
IDHQ Invesco S&P International Developed Quality ETF 11.2 29 22 5.1 -1.2
FIVA Fidelity International Value Factor ETF 11.0 39 12 8.5 +2.3
DWMF WisdomTree International Multifactor Fund 10.7 38 13 6.2 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 10.4 40 11 5.8 -0.4
VYMI Vanguard International High Dividend Yield ETF 10.3 27 24 8.9 +2.6
DTH WisdomTree International High Dividend Fund 10.2 58 -7 8.4 +2.2
QWLD SPDR MSCI World StrategicFactors ETF 9.4 30 21 5.5 -0.8
EXI iShares Global Industrials ETF 9.4 46 5 4.8 -1.4
DOO WisdomTree International Dividend ex-Financials Fund 9.2 58 -7 7.5 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.2 29 22 7.4 +1.1
DIM WisdomTree International MidCap Dividend Fund 9.1 58 -7 6.9 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.1 58 -7 5.9 -0.4
ESGN Columbia Sustainable International Equity Income ETF 9.0 45 6 8.8 +2.6
FDT First Trust Developed Markets ex-US Alphadex Fund 9.0 80 -29 8.2 +1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.9 32 19 5.8 -0.5
RXI iShares Global Consumer Discretionary ETF 8.6 46 5 3.9 -2.4
FDEV Fidelity Targeted International Factor ETF 8.4 39 12 5.9 -0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 8.2 42 9 4.9 -1.4
RODE Hartford Multifactor Diversified International ETF 8.1 29 22 9.8 +3.6
IQDG WisdomTree International Quality Dividend Growth Fund 8.0 42 9 6.3 +0.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.8 47 4 8.9 +2.7
FIDI Fidelity International High Dividend ETF 7.8 39 12 8.2 +2.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.7 80 -29 5.8 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 7.6 20 31 5.5 -0.8
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 7.1 35 16 6.3 +0.0
JSTC Adasina Social Justice All Cap Global ETF 7.1 89 -38 5.4 -0.9
DGT SPDR Global Dow ETF 6.9 50 1 6.5 +0.2
IGRO iShares International Dividend Growth ETF 6.9 15 36 7.0 +0.7
URTH iShares MSCI World ETF 6.8 24 27 5.1 -1.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 6.7 61 -10 5.2 -1.1
VIGI Vanguard International Dividend Appreciation ETF 6.3 20 31 4.9 -1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 6.1 83 -32 5.4 -0.9
ACWI iShares MSCI ACWI ETF 6.0 32 19 5.2 -1.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 6.0 20 31 5.5 -0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.0 20 31 5.4 -0.8
KLDW Gavekal Knowledge Leaders Developed World ETF 5.9 75 -24 3.8 -2.4
IQDF FlexShares International Quality Dividend Index Fund 5.8 47 4 8.2 +1.9
INTF iShares Edge MSCI Multifactor Intl ETF 5.6 30 21 7.8 +1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.5 65 -14 10.4 +4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.5 20 31 9.4 +3.1
VT Vanguard Total World Stock ETF 5.4 8 43 5.4 -0.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 5.4 20 31 8.5 +2.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.4 95 -44 5.0 -1.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.4 9 42 5.3 -1.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.3 45 6 8.3 +2.1
IVAL Alpha Architect International Quantitative Value ETF 5.2 59 -8 8.2 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 58 -7 10.7 +4.5
IQDE FlexShares International Quality Dividend Defensive Index ET 5.0 47 4 8.0 +1.8
WLDR Affinity World Leaders Equity ETF 4.8 67 -16 8.0 +1.7
DEW WisdomTree Global High Dividend Fund 4.7 58 -7 8.4 +2.2
RNDM First Trust Developed International Equity Select ETF 4.7 65 -14 5.8 -0.5
JIG JPMorgan International Growth ETF 4.6 55 -4 2.4 -3.9
IXJ iShares Global Healthcare ETF 4.5 46 5 6.2 -0.1
GCOW Pacer Global High Dividend ETF 4.4 60 -9 9.8 +3.6
SDGA Impact Shares Sustainable Development Goals Global ETF 4.1 75 -24 5.4 -0.9
XT iShares Exponential Technologies ETF 4.0 47 4 4.7 -1.5
IDOG ALPS International Sector Dividend Dogs ETF 4.0 50 1 8.2 +2.0
FICS First Trust International Developed Capital Strength ETF 3.9 70 -19 4.7 -1.6
NXTG First Trust Indxx NextG ETF 3.9 70 -19 5.3 -1.0
IDRV iShares Self-driving EV & Tech ETF 3.9 47 4 6.3 +0.1
DRIV Global X Autonomous & Electric Vehicles ETF 3.9 68 -17 4.5 -1.7
IXG iShares Global Financials ETF 3.8 46 5 8.3 +2.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 3.8 30 21 7.6 +1.3
ACWF iShares MSCI Global Multifactor ETF 3.7 35 16 7.1 +0.8
CARZ First Trust NASDAQ Global Auto Index Fund 3.7 70 -19 8.9 +2.6
SDG iShares Sustainable MSCI Global Impact ETF 3.6 49 2 6.4 +0.1
FNDC Schwab Fundamental International Small Co. Index ETF 3.6 39 12 5.1 -1.2
IXN iShares Global Tech ETF 3.6 46 5 4.2 -2.1
IXP iShares Global Comm Services ETF 3.5 46 5 5.2 -1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.4 65 -14 2.9 -3.4
DVYA iShares Asia/Pacific Dividend ETF 3.4 49 2 11.0 +4.8
IOO iShares Global 100 ETF 3.4 40 11 4.8 -1.4
ROBO Robo Global Robotics & Automation Index ETF 3.3 95 -44 3.8 -2.5
IPKW Invesco International BuyBack Achievers ETF 3.3 55 -4 6.4 +0.2
PIZ Invesco DWA Developed Markets Momentum ETF 3.1 80 -29 5.2 -1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.1 47 4 5.6 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.1 49 2 4.5 -1.8
DSTX Distillate International Fundamental Stability & Value ETF 3.0 55 -4 7.1 +0.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.0 68 -17 2.4 -3.9
KXI iShares Global Consumer Staples ETF 2.9 46 5 5.1 -1.2
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 2.8 50 1 3.4 -2.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.8 47 4 1.2 -5.1
MOTO SmartETFs Smart Transportation & Technology ETF 2.7 68 -17 8.7 +2.4
WDIV SPDR Global Dividend ETF 2.7 40 11 8.6 +2.3
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -9 8.5 +2.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.7 39 12 9.0 +2.8
AIIQ AI Powered International Equity ETF 2.5 79 -28 3.4 -2.8
GENY Principal Millennials Index ETF 2.5 45 6 4.6 -1.6
BNE Blue Horizon BNE ETF 2.3 87 -36 3.1 -3.2
MXI iShares Global Materials ETF 2.1 45 6 5.5 -0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 2.1 40 11 8.2 +1.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.0 68 -17 4.5 -1.7
DTEC ALPS Disruptive Technologies ETF 2.0 50 1 3.0 -3.3
MOTI VanEck Vectors Morningstar International Moat ETF 1.9 58 -7 7.9 +1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.9 51 0 4.8 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.8 12 39 8.7 +2.4
WPS iShares International Developed Property ETF 1.8 48 3 6.3 +0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.7 65 -14 8.3 +2.0
FYLD Cambria Foreign Shareholder Yield ETF 1.7 59 -8 7.1 +0.8
HAUZ Xtrackers International Real Estate ETF 1.6 10 41 7.3 +1.1
DWX SPDR S&P International Dividend ETF 1.6 45 6 7.1 +0.8
IFGL iShares International Developed Real Estate ETF 1.5 48 3 6.2 -0.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 1.5 60 -9 5.3 -1.0
GAMR ETFMG Video Game Tech ETF 1.4 75 -24 3.3 -3.0
ESPO VanEck Vectors Video Gaming & eSports ETF 1.4 55 -4 3.0 -3.3
IQM Franklin Intelligent Machines ETF 1.4 50 1 1.9 -4.4
HAP VanEck Vectors Natural Resources ETF 1.4 50 1 5.4 -0.9
JOYY Infusive Compounding Global Equities ETF 1.4 50 1 3.8 -2.5
QTUM Defiance Quantum ETF 1.3 40 11 4.6 -1.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 1.3 70 -19 3.4 -2.8
DRW WisdomTree Global ex-US Real Estate Fund 1.2 58 -7 9.1 +2.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 59 -8 10.9 +4.7
INFR Legg Mason Global Infrastructure ETF 1.2 40 11 5.2 -1.1
BLOK Amplify Transformational Data Sharing ETF 1.2 70 -19 0.7 -5.6
HERO Global X Video Games & Esports ETF 1.2 50 1 4.0 -2.3
HERU-GB Global X Video Games & Esports UCITS ETF 1.2 50 1 3.7 -2.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 1.1 25 26 2.7 -3.6
RWX SPDR Dow Jones International Real Estate ETF 1.1 59 -8 5.4 -0.9
RWO SPDR Dow Jones Global Real Estate ETF 1.1 50 1 5.2 -1.1
AGNG Global X Aging Population ETF 1.1 50 1 3.2 -3.0
IMOM Alpha Architect International Quantitative Momentum ETF 1.0 59 -8 3.3 -2.9
EFAS Global X MSCI SuperDividend EAFE ETF 1.0 56 -5 8.1 +1.8
IWFH iShares Virtual Work and Life Multisector ETF 1.0 47 4 0.5 -5.7
LOUP Innovator Loup Frontier Tech ETF 0.9 70 -19 2.8 -3.5
GRES IQ Global Resources ETF 0.8 78 -27 7.3 +1.1
IDV iShares International Select Dividend ETF 0.8 49 2 9.6 +3.4
DINT Davis Select International ETF 0.8 65 -14 4.8 -1.5
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -14 1.9 -4.4
AIQ Global X Future Analytics Tech ETF 0.8 68 -17 3.3 -3.0
URA Global X Uranium ETF 0.8 69 -18 -1.1 -7.4
REET iShares Global REIT ETF 0.8 14 37 5.5 -0.8
FPXI First Trust International Equity Opportunities ETF 0.7 70 -19 2.1 -4.1
BMED BlackRock Future Health ETF 0.7 85 -34 -0.8 -7.1
IDNA iShares Genomics Immunology & Healthcare ETF 0.7 47 4 -2.6 -8.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 5 5.9 -0.3
BATT Amplify Advanced Battery Metals & Materials ETF 0.6 59 -8 1.9 -4.3
GBLD Invesco MSCI Green Building ETF 0.6 39 12 6.9 +0.6
BUYZ Franklin Disruptive Commerce ETF 0.5 50 1 -0.2 -6.4
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 -19 5.4 -0.9
GNR SPDR S&P Global Natural Resources ETF 0.4 40 11 6.2 -0.0
AVDV Avantis International Small Cap Value ETF 0.4 36 15 6.8 +0.6
PZD Invesco Cleantech ETF 0.4 58 -7 4.9 -1.4
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 0.4 68 -17 1.1 -5.2
EDOC Global X Telemedicine & Digital Health ETF 0.4 68 -17 -0.1 -6.4
GDVD Principal Active Global Dividend Income ETF 0.4 58 -7 0.0 -6.3
JXI iShares Global Utilities ETF 0.4 46 5 5.7 -0.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.3 68 -17 1.1 -5.2
HART IQ Healthy Hearts ETF 0.3 45 6 4.7 -1.6
GQRE FlexShares Global Quality Real Estate Index Fund 0.3 45 6 5.7 -0.6
FILL iShares MSCI Global Energy Producers ETF 0.3 39 12 5.8 -0.5
BFIT Global X Health & Wellness ETF 0.3 50 1 3.8 -2.4
XBUY Amplify International Online Retail ETF 0.3 69 -18 -1.6 -7.8
LIT Global X Lithium & Battery Tech ETF 0.3 75 -24 2.3 -4.0
VEGI iShares MSCI Global Agriculture Producers ETF 0.3 39 12 4.6 -1.7
MOO VanEck Vectors Agribusiness ETF 0.3 56 -5 4.4 -1.9
ARKX ARK Space Exploration & Innovation ETF 0.3 75 -24 3.0 -3.3
FDRR Fidelity Dividend ETF for Rising Rates 0.3 29 22 6.5 +0.2
FDVV Fidelity Core Dividend ETF 0.3 29 22 6.4 +0.1
OGIG O'Shares Global Internet Giants ETF 0.3 48 3 1.0 -5.3
FLM First Trust Global Engineering and Construction ETF 0.3 70 -19 8.0 +1.8
HJEN Direxion Hydrogen ETF 0.3 45 6 0.6 -5.7
IXC iShares Global Energy ETF 0.3 46 5 5.3 -0.9
MRAD SmartETFs Advertising & Marketing Technology ETF 0.3 68 -17 1.1 -5.1
BTEK BlackRock Future Tech ETF 0.2 88 -37 -0.2 -6.5
CRAK VanEck Vectors Oil Refiners ETF 0.2 60 -9 7.8 +1.5
PIO Invesco Global Water ETF 0.2 75 -24 3.8 -2.5
KOIN Innovation Shares NextGen Protocol ETF 0.2 95 -44 3.7 -2.5
BITQ Bitwise Crypto Industry Innovators ETF 0.2 85 -34 -0.8 -7.1
SOCL Global X Social Media ETF 0.2 65 -14 2.0 -4.2
IBUY Amplify Online Retail ETF 0.2 65 -14 -1.1 -7.4
ARKF ARK Fintech Innovation ETF 0.2 75 -24 0.2 -6.0
NLR VanEck Vectors Uranium+Nuclear Energy ETF 0.1 61 -10 7.1 +0.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.1 85 -34 3.6 -2.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 47 4 4.5 -1.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.1 60 -9 2.0 -4.3
EBIZ Global X E-Commerce ETF 0.1 50 1 3.4 -2.9
GIGE SoFi Gig Economy ETF 0.1 59 -8 -0.7 -6.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 0.1 52 -1 4.9 -1.3
FAN First Trust Global Wind Energy ETF 0.1 62 -11 6.1 -0.2
PRNT The 3D Printing ETF 0.1 66 -15 1.9 -4.4
SNSR Global X Internet of Things Thematic ETF 0.1 68 -17 3.6 -2.7
EBLU Ecofin Global Water ESG Fund 0.1 40 11 3.8 -2.5
SUBZ Roundhill Streaming Services & Technology ETF 0.1 75 -24 -1.7 -8.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 -7 8.2 +1.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 -7 8.2 +1.9
JETS US Global Jets ETF 0.1 60 -9 -2.5 -8.8
VIDI Vident International Equity Fund 0.1 59 -8 9.4 +3.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -19 9.6 +3.3
GWX SPDR S&P International Small Cap ETF 0.1 40 11 5.1 -1.2
IHAK iShares Cybersecurity & Tech ETF 0.1 47 4 3.0 -3.3
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.1 60 -9 2.9 -3.3
HACK ETFMG Prime Cyber Security ETF 0.1 60 -9 2.8 -3.5
XDAT Franklin Exponential Data ETF 0.1 50 1 1.5 -4.8
BUG Global X Cybersecurity ETF 0.1 50 1 1.4 -4.8
WCBR WisdomTree Cybersecurity Fund 0.1 45 6 1.0 -5.3
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -17 2.0 -4.3
IPAY ETFMG Prime Mobile Payments ETF 0.1 75 -24 4.9 -1.4
TPAY Tortoise Digital Payments Infrastructure Fund 0.1 40 11 4.3 -1.9
WOOD iShares Global Timber & Forestry ETF 0.1 46 5 9.1 +2.8
CUT Invesco MSCI Global Timber ETF 0.1 61 -10 7.5 +1.2
AQWA Global X Clean Water ETF 0.1 50 1 3.9 -2.3
CGW Invesco S&P Global Water Index ETF 0.1 57 -6 3.6 -2.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Currency Hedged MSCI Japan 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 1.4 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.52
 
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.