iShares Currency Hedged JPX-Nikkei 400 ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
16.4x 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 JPX-Nikkei 400 ETF tracks a currency-hedged version of the JPX-Nikkei 400 Index, a market-capitalization-weighted index of Japanese companies.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Sep 29, 2015
Assets (mns) $3
Currency USD
Expense ratio 48 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1
Wgt avg mkt cap (mns) $41,761
Large cap (>$10bn) 74.9%
Mid cap ($2-10bn) 22.5%
Small cap (<$2bn) 1.5%
Developed mkts 99.5%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ISHARES JPX-NIKKEI 400 ETF 99.8 %
JPY CASH 1.5 %
MITSUBISHI UFJ FINANCIAL GRO 0.9 %
RECRUIT HOLDINGS CO LTD 0.9 %
SONY CORP 0.9 %
TOYOTA MOTOR CORP 0.8 %
SHIN-ETSU CHEMICAL CO LTD 0.8 %
SOFTBANK GROUP CORP. 0.8 %
KEYENCE CORP 0.8 %
NIPPON TELEGRAPH AND TELEPHONE COR 0.7 %
Total 107.8 %

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.
7.5% 26.5% -- -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.74 60%
MSCI EAFE 0.78 66%
MSCI Emg. Mkts. 0.51 35%

Technical Indicators
Recent close $34.62
30d moving avg. $34.75
Annualized volatility 17.6%
Short interest (ETF) 4.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 2
Turnover 2.0%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $21,329

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 295 potential alternatives to the iShares Currency Hedged JPX-Nikkei 400 ETF ETF based on the alternatives' overlap in portfolio holdings with HJPX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HJPX Expense: 48 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HJPX
Ticker Fund
Name
Overlap1
vs HJPX
(%)
Expense
ratio
(bp)
Savings
vs HJPX
(bp)
ALTAR
Score™
(%)
ALTAR
vs HJPX
(%)
HJPX iShares Currency Hedged JPX-Nikkei 400 ETF 49.4 48 0 6.3 0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 49.1 9 39 6.7 +0.4
FLJP Franklin FTSE Japan ETF 48.6 9 39 6.8 +0.5
FLJH Franklin FTSE Japan Hedged ETF 48.6 9 39 6.7 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 46.4 19 29 6.6 +0.3
ZJPN SPDR Solactive Japan ETF 45.5 14 34 0.0 -6.3
IPAC iShares Core MSCI Pacific ETF 45.4 9 39 6.4 +0.1
EWJ iShares MSCI Japan ETF 45.1 51 -3 6.4 +0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 44.8 46 2 6.3 +0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 43.6 25 23 6.6 +0.3
VPL Vanguard FTSE Pacific ETF 43.0 8 40 6.5 +0.2
HEWJ iShares Currency Hedged MSCI Japan ETF 41.7 51 -3 6.3 -0.0
EWJE iShares MSCI Japan Equal Weighted ETF 36.4 15 33 6.3 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 32.5 48 0 7.4 +1.1
DFAI Dimensional International Core Equity Market ETF 29.7 18 30 6.2 -0.1
EWJV iShares MSCI Japan Value ETF 26.2 15 33 8.8 +2.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 25.9 35 13 6.3 -0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 23.4 12 36 6.3 +0.0
GSID Goldman Sachs MarketBeta International Equity ETF 21.8 20 28 6.2 -0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 21.4 30 18 9.9 +3.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.2 14 34 6.0 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 21.1 20 28 6.5 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.0 20 28 6.4 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 21.0 30 18 6.2 -0.1
EFA iShares MSCI EAFE ETF 20.9 32 16 6.4 +0.1
JHMD John Hancock Multifactor Developed International ETF 20.8 39 9 6.4 +0.1
BKIE BNY Mellon International Equity ETF 20.6 4 44 6.7 +0.4
IQSI IQ Candriam ESG International Equity ETF 20.4 15 33 6.5 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.4 7 41 6.6 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.3 36 12 5.9 -0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 20.2 20 28 6.4 +0.1
IQIN IQ 500 International ETF 20.1 25 23 7.6 +1.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 20.0 29 19 7.3 +1.0
EFV iShares MSCI EAFE Value ETF 19.8 39 9 8.3 +2.0
ISZE iShares Edge MSCI Intl Size Factor ETF 19.8 30 18 6.3 -0.0
EFG iShares MSCI EAFE Growth ETF 19.7 40 8 4.4 -1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 19.4 40 8 7.0 +0.7
IEFA iShares Core MSCI EAFE ETF 19.4 7 41 6.5 +0.2
FJP First Trust Japan AlphaDEX Fund 18.7 80 -32 8.1 +1.8
SCHF Schwab International Equity ETF 18.6 6 42 6.6 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 18.4 25 23 7.8 +1.5
SPDW SPDR Portfolio Developed World ex-US ETF 18.3 4 44 6.3 -0.0
DWM WisdomTree International Equity Fund 18.0 48 0 7.0 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.8 39 9 6.0 -0.3
IDMO Invesco S&P International Developed Momentum ETF 17.6 25 23 4.4 -1.9
PDEV Principal International Multi-Factor Core Index ETF 17.2 25 23 6.9 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 17.1 5 43 6.5 +0.2
VEA Vanguard FTSE Developed Markets ETF 16.9 5 43 6.4 +0.1
RESD WisdomTree International ESG Fund 16.8 30 18 6.1 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 16.7 24 24 6.8 +0.5
DOL WisdomTree International LargeCap Dividend Fund 16.7 48 0 6.9 +0.6
CIL VictoryShares International Volatility Weighted Index ETF 15.9 45 3 6.5 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 15.8 25 23 6.1 -0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.7 45 3 6.5 +0.2
RBIN Nationwide Risk-Based International Equity ETF 15.6 42 6 5.9 -0.4
TPIF Timothy Plan International ETF 15.2 62 -14 6.2 -0.1
IMFL Invesco International Developed Dynamic Multifactor ETF 14.9 34 14 7.4 +1.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 14.9 23 25 6.4 +0.1
VSGX Vanguard ESG International Stock ETF 14.8 17 31 6.3 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.2 45 3 7.3 +1.0
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 14.1 83 -35 5.5 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 40 6.6 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 13.9 35 13 8.3 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.5 39 9 7.0 +0.7
AVDE Avantis International Equity ETF 13.3 23 25 6.8 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.2 16 32 6.0 -0.3
CWI SPDR MSCI ACWI ex-US ETF 13.2 30 18 6.4 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 13.2 32 16 6.5 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.9 20 28 5.0 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.8 41 7 6.1 -0.2
VXUS Vanguard Total International Stock ETF 12.8 8 40 6.5 +0.2
JPIN JPMorgan Diversified Return International Equity ETF 12.4 37 11 7.6 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 12.2 25 23 5.9 -0.4
IXUS ishares Core MSCI Total International Stock ETF 12.1 9 39 6.6 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 11.7 30 18 5.5 -0.8
IDHQ Invesco S&P International Developed Quality ETF 11.6 29 19 5.1 -1.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 11.6 45 3 5.9 -0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 11.6 30 18 5.0 -1.3
VWID Virtus WMC International Dividend ETF 11.4 49 -1 7.4 +1.1
QINT American Century Quality Diversified International ETF 11.2 39 9 6.6 +0.3
DTH WisdomTree International High Dividend Fund 11.0 58 -10 8.4 +2.2
FIVA Fidelity International Value Factor ETF 10.7 39 9 8.5 +2.2
DEFA iShares Adaptive Currency Hedged MSCI EAFE ETF 10.6 35 13 6.3 -0.0
HEFA iShares Currency Hedged MSCI EAFE ETF 10.5 35 13 6.2 -0.1
DIM WisdomTree International MidCap Dividend Fund 10.3 58 -10 6.9 +0.6
EXI iShares Global Industrials ETF 10.0 46 2 4.8 -1.5
DWMF WisdomTree International Multifactor Fund 9.8 38 10 6.2 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.7 29 19 7.4 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 9.5 40 8 5.8 -0.5
ESGN Columbia Sustainable International Equity Income ETF 9.5 45 3 8.8 +2.5
VYMI Vanguard International High Dividend Yield ETF 9.5 27 21 8.9 +2.6
FDT First Trust Developed Markets ex-US Alphadex Fund 8.9 80 -32 8.2 +1.9
RODE Hartford Multifactor Diversified International ETF 8.8 29 19 9.8 +3.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.8 32 16 5.8 -0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.7 58 -10 5.9 -0.4
DOO WisdomTree International Dividend ex-Financials Fund 8.7 58 -10 7.5 +1.2
FDEV Fidelity Targeted International Factor ETF 8.5 39 9 5.9 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 8.2 30 18 5.5 -0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 8.0 42 6 4.9 -1.4
FIDI Fidelity International High Dividend ETF 7.7 39 9 8.2 +1.9
IGRO iShares International Dividend Growth ETF 7.7 15 33 7.0 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 7.7 42 6 6.3 -0.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.7 80 -32 5.8 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.5 47 1 8.9 +2.6
DGT SPDR Global Dow ETF 7.2 50 -2 6.5 +0.2
JSTC Adasina Social Justice All Cap Global ETF 6.9 89 -41 5.4 -0.9
VIGI Vanguard International Dividend Appreciation ETF 6.6 20 28 4.9 -1.4
ACWV iShares MSCI Global Min Vol Factor ETF 6.6 20 28 5.5 -0.8
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 6.6 35 13 6.3 -0.0
URTH iShares MSCI World ETF 6.5 24 24 5.1 -1.2
KLDW Gavekal Knowledge Leaders Developed World ETF 6.2 75 -27 3.8 -2.5
RXI iShares Global Consumer Discretionary ETF 6.1 46 2 3.9 -2.4
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 5.8 61 -13 5.2 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.8 20 28 5.4 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 5.7 20 28 5.5 -0.8
IQDF FlexShares International Quality Dividend Index Fund 5.6 47 1 8.2 +1.9
ACWI iShares MSCI ACWI ETF 5.6 32 16 5.2 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.5 20 28 9.4 +3.1
VT Vanguard Total World Stock ETF 5.5 8 40 5.4 -0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 5.4 83 -35 5.4 -0.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 5.4 20 28 8.5 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.3 65 -17 10.4 +4.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.2 9 39 5.3 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 58 -10 10.7 +4.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.1 45 3 8.3 +2.0
INTF iShares Edge MSCI Multifactor Intl ETF 5.1 30 18 7.8 +1.5
FNDC Schwab Fundamental International Small Co. Index ETF 5.0 39 9 5.1 -1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.8 49 -1 4.5 -1.8
RNDM First Trust Developed International Equity Select ETF 4.5 65 -17 5.8 -0.5
GCOW Pacer Global High Dividend ETF 4.5 60 -12 9.8 +3.5
IQDE FlexShares International Quality Dividend Defensive Index ET 4.5 47 1 8.0 +1.7
IXJ iShares Global Healthcare ETF 4.5 46 2 6.2 -0.1
DEW WisdomTree Global High Dividend Fund 4.3 58 -10 8.4 +2.1
SCJ iShares MSCI Japan Small-Cap ETF 4.2 51 -3 5.9 -0.4
SCZ iShares MSCI Eafe Small-Cap ETF 4.2 40 8 5.3 -1.0
WLDR Affinity World Leaders Equity ETF 4.1 67 -19 8.0 +1.7
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap ETF 4.1 43 5 5.1 -1.2
XT iShares Exponential Technologies ETF 4.1 47 1 4.7 -1.6
IVAL Alpha Architect International Quantitative Value ETF 4.1 59 -11 8.2 +1.9
IXG iShares Global Financials ETF 4.0 46 2 8.3 +2.0
DVYA iShares Asia/Pacific Dividend ETF 4.0 49 -1 11.0 +4.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 3.9 30 18 7.6 +1.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 3.9 95 -47 5.0 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 3.7 50 -2 8.2 +2.0
JIG JPMorgan International Growth ETF 3.7 55 -7 2.4 -3.9
SDGA Impact Shares Sustainable Development Goals Global ETF 3.6 75 -27 5.4 -0.9
ACWF iShares MSCI Global Multifactor ETF 3.5 35 13 7.1 +0.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.5 65 -17 2.9 -3.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.4 47 1 5.6 -0.7
IPKW Invesco International BuyBack Achievers ETF 3.3 55 -7 6.4 +0.1
IXP iShares Global Comm Services ETF 3.3 46 2 5.2 -1.1
FID First Trust S&P International Dividend Aristocrats ETF 3.2 60 -12 8.5 +2.2
SDG iShares Sustainable MSCI Global Impact ETF 3.2 49 -1 6.4 +0.1
IXN iShares Global Tech ETF 3.2 46 2 4.2 -2.1
WDIV SPDR Global Dividend ETF 3.2 40 8 8.6 +2.3
FICS First Trust International Developed Capital Strength ETF 3.1 70 -22 4.7 -1.6
NXTG First Trust Indxx NextG ETF 3.1 70 -22 5.3 -1.0
KXI iShares Global Consumer Staples ETF 3.1 46 2 5.1 -1.2
PIZ Invesco DWA Developed Markets Momentum ETF 3.0 80 -32 5.2 -1.1
ROBO Robo Global Robotics & Automation Index ETF 3.0 95 -47 3.8 -2.5
IOO iShares Global 100 ETF 2.9 40 8 4.8 -1.5
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 2.8 50 -2 3.4 -2.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.7 47 1 1.2 -5.1
DSTX Distillate International Fundamental Stability & Value ETF 2.7 55 -7 7.1 +0.8
BOTZ Global X Robotics & Artificial Intelligence ETF 2.6 68 -20 2.4 -3.9
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.6 39 9 9.0 +2.7
IDRV iShares Self-driving EV & Tech ETF 2.3 47 1 6.3 +0.0
MXI iShares Global Materials ETF 2.3 45 3 5.5 -0.8
DRIV Global X Autonomous & Electric Vehicles ETF 2.2 68 -20 4.5 -1.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 -20 4.5 -1.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 2.1 58 -10 8.2 +1.9
DFJ WisdomTree Japan SmallCap Dividend Fund 2.1 58 -10 8.2 +1.9
CARZ First Trust NASDAQ Global Auto Index Fund 2.1 70 -22 8.9 +2.6
LVHI Legg Mason International Low Volatility High Dividend ETF 2.1 40 8 8.2 +1.9
MOTI VanEck Vectors Morningstar International Moat ETF 2.0 58 -10 7.9 +1.6
BNE Blue Horizon BNE ETF 2.0 87 -39 3.1 -3.2
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 -11 7.1 +0.8
AIIQ AI Powered International Equity ETF 1.8 79 -31 3.4 -2.9
GENY Principal Millennials Index ETF 1.8 45 3 4.6 -1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.7 51 -3 4.8 -1.5
DTEC ALPS Disruptive Technologies ETF 1.6 50 -2 3.0 -3.3
AVDV Avantis International Small Cap Value ETF 1.5 36 12 6.8 +0.6
INFR Legg Mason Global Infrastructure ETF 1.4 40 8 5.2 -1.1
DRW WisdomTree Global ex-US Real Estate Fund 1.4 58 -10 9.1 +2.9
HAP VanEck Vectors Natural Resources ETF 1.4 50 -2 5.4 -0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 36 8.7 +2.4
WPS iShares International Developed Property ETF 1.4 48 0 6.3 +0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.4 59 -11 10.9 +4.6
JOYY Infusive Compounding Global Equities ETF 1.3 50 -2 3.8 -2.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 -17 8.3 +2.0
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -20 8.7 +2.4
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 1.2 48 0 8.0 +1.7
HAUZ Xtrackers International Real Estate ETF 1.2 10 38 7.3 +1.1
DLS WisdomTree International SmallCap Dividend Fund 1.2 58 -10 8.0 +1.7
GAMR ETFMG Video Game Tech ETF 1.2 75 -27 3.3 -3.0
BLOK Amplify Transformational Data Sharing ETF 1.2 70 -22 0.7 -5.6
QTUM Defiance Quantum ETF 1.2 40 8 4.6 -1.7
ESPO VanEck Vectors Video Gaming & eSports ETF 1.2 55 -7 3.0 -3.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 1.1 70 -22 3.4 -2.9
DWX SPDR S&P International Dividend ETF 1.1 45 3 7.1 +0.8
AGNG Global X Aging Population ETF 1.1 50 -2 3.2 -3.1
HERO Global X Video Games & Esports ETF 1.0 50 -2 4.0 -2.3
HERU-GB Global X Video Games & Esports UCITS ETF 1.0 50 -2 3.7 -2.6
IDV iShares International Select Dividend ETF 1.0 49 -1 9.6 +3.3
GRES IQ Global Resources ETF 1.0 78 -30 7.3 +1.0
IFGL iShares International Developed Real Estate ETF 1.0 48 0 6.2 -0.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 1.0 60 -12 5.3 -1.0
GWX SPDR S&P International Small Cap ETF 1.0 40 8 5.1 -1.2
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 0.9 25 23 2.7 -3.6
URA Global X Uranium ETF 0.9 69 -21 -1.1 -7.4
IQM Franklin Intelligent Machines ETF 0.9 50 -2 1.9 -4.4
IMOM Alpha Architect International Quantitative Momentum ETF 0.8 59 -11 3.3 -3.0
IWFH iShares Virtual Work and Life Multisector ETF 0.8 47 1 0.5 -5.8
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -17 1.9 -4.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 2 5.9 -0.4
BMED BlackRock Future Health ETF 0.7 85 -37 -0.8 -7.1
DINT Davis Select International ETF 0.7 65 -17 4.8 -1.5
BATT Amplify Advanced Battery Metals & Materials ETF 0.7 59 -11 1.9 -4.4
LOUP Innovator Loup Frontier Tech ETF 0.7 70 -22 2.8 -3.5
IDNA iShares Genomics Immunology & Healthcare ETF 0.6 47 1 -2.6 -8.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -32 7.3 +1.0
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -22 5.4 -0.9
AIQ Global X Future Analytics Tech ETF 0.5 68 -20 3.3 -3.0
BUYZ Franklin Disruptive Commerce ETF 0.5 50 -2 -0.2 -6.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 11 37 5.5 -0.8
SCHC Schwab International Small-Cap Equity ETF 0.5 11 37 5.2 -1.1
FLM First Trust Global Engineering and Construction ETF 0.5 70 -22 8.0 +1.7
GQRE FlexShares Global Quality Real Estate Index Fund 0.4 45 3 5.7 -0.6
GNR SPDR S&P Global Natural Resources ETF 0.4 40 8 6.2 -0.1
GDVD Principal Active Global Dividend Income ETF 0.4 58 -10 0.0 -6.3
JXI iShares Global Utilities ETF 0.4 46 2 5.7 -0.6
BFIT Global X Health & Wellness ETF 0.4 50 -2 3.8 -2.5
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -11 5.4 -0.9
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -2 5.2 -1.1
PZD Invesco Cleantech ETF 0.4 58 -10 4.9 -1.4
JETS US Global Jets ETF 0.4 60 -12 -2.5 -8.8
MOO VanEck Vectors Agribusiness ETF 0.4 56 -8 4.4 -1.9
FILL iShares MSCI Global Energy Producers ETF 0.4 39 9 5.8 -0.5
VEGI iShares MSCI Global Agriculture Producers ETF 0.3 39 9 4.6 -1.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 0.3 68 -20 1.1 -5.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.3 40 8 7.4 +1.1
ARKX ARK Space Exploration & Innovation ETF 0.3 75 -27 3.0 -3.3
HART IQ Healthy Hearts ETF 0.3 45 3 4.7 -1.6
LIT Global X Lithium & Battery Tech ETF 0.3 75 -27 2.3 -4.0
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 0.3 68 -20 1.1 -5.2
EDOC Global X Telemedicine & Digital Health ETF 0.3 68 -20 -0.1 -6.4
OGIG O'Shares Global Internet Giants ETF 0.3 48 0 1.0 -5.3
EFAS Global X MSCI SuperDividend EAFE ETF 0.3 56 -8 8.1 +1.8
FDRR Fidelity Dividend ETF for Rising Rates 0.3 29 19 6.5 +0.2
FDVV Fidelity Core Dividend ETF 0.3 29 19 6.4 +0.1
HJEN Direxion Hydrogen ETF 0.3 45 3 0.6 -5.7
BTEK BlackRock Future Tech ETF 0.3 88 -40 -0.2 -6.5
XBUY Amplify International Online Retail ETF 0.3 69 -21 -1.6 -7.9
IXC iShares Global Energy ETF 0.3 46 2 5.3 -1.0
CRAK VanEck Vectors Oil Refiners ETF 0.3 60 -12 7.8 +1.5
KOIN Innovation Shares NextGen Protocol ETF 0.2 95 -47 3.7 -2.6
SOCL Global X Social Media ETF 0.2 65 -17 2.0 -4.3
BITQ Bitwise Crypto Industry Innovators ETF 0.2 85 -37 -0.8 -7.1
IBUY Amplify Online Retail ETF 0.2 65 -17 -1.1 -7.4
VIDI Vident International Equity Fund 0.2 59 -11 9.4 +3.1
FPXI First Trust International Equity Opportunities ETF 0.2 70 -22 2.1 -4.2
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.2 85 -37 3.6 -2.7
MRAD SmartETFs Advertising & Marketing Technology ETF 0.2 68 -20 1.1 -5.2
ARKF ARK Fintech Innovation ETF 0.2 75 -27 0.2 -6.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.1 60 -12 2.0 -4.3
NLR VanEck Vectors Uranium+Nuclear Energy ETF 0.1 61 -13 7.1 +0.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 47 1 4.5 -1.8
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 0.1 52 -4 4.9 -1.4
PIO Invesco Global Water ETF 0.1 75 -27 3.8 -2.5
EBIZ Global X E-Commerce ETF 0.1 50 -2 3.4 -2.9
GIGE SoFi Gig Economy ETF 0.1 59 -11 -0.7 -6.9
FAN First Trust Global Wind Energy ETF 0.1 62 -14 6.1 -0.2
PRNT The 3D Printing ETF 0.1 66 -18 1.9 -4.4
ISVL iShares International Developed Small Cap Value Factor ETF 0.1 30 18 7.4 +1.1
SNSR Global X Internet of Things Thematic ETF 0.1 68 -20 3.6 -2.7
WOOD iShares Global Timber & Forestry ETF 0.1 46 2 9.1 +2.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -22 9.6 +3.3
TPAY Tortoise Digital Payments Infrastructure Fund 0.1 40 8 4.3 -2.0
IVES Wedbush ETFMG Global Cloud Technology ETF 0.1 68 -20 2.0 -4.3
GII SPDR S&P Global Infrastructure ETF 0.1 40 8 4.1 -2.2
IGF iShares Global Infrastructure ETF 0.1 46 2 4.1 -2.2
IHAK iShares Cybersecurity & Tech ETF 0.1 47 1 3.0 -3.3
CIBR First Trust NASDAQ CEA Cybersecurity ETF 0.1 60 -12 2.9 -3.4
HACK ETFMG Prime Cyber Security ETF 0.1 60 -12 2.8 -3.5
XDAT Franklin Exponential Data ETF 0.1 50 -2 1.5 -4.8
BUG Global X Cybersecurity ETF 0.1 50 -2 1.4 -4.9
WCBR WisdomTree Cybersecurity Fund 0.1 45 3 1.0 -5.3
CUT Invesco MSCI Global Timber ETF 0.1 61 -13 7.5 +1.2
IPAY ETFMG Prime Mobile Payments ETF 0.1 75 -27 4.9 -1.4
EBLU Ecofin Global Water ESG Fund 0.0 40 8 3.8 -2.5
SMOG VanEck Vectors Low Carbon Energy ETF 0.0 62 -14 3.2 -3.1
OLD The Long-Term Care ETF 0.0 30 18 5.1 -1.2
UFO Procure Space ETF 0.0 75 -27 3.3 -3.0
PSP Invesco Global Listed Private Equity ETF 0.0 158 -110 5.6 -0.7
SLVP iShares MSCI Global Silver Miners ETF 0.0 39 9 2.7 -3.6

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 JPX-Nikkei 400 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 9.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.